By LeAnn R. Ralph
COLFAX — As of August 28, the Village of Colfax and the Colfax Health and Rehabilitation Center have a signed developer’s agreement that includes CHRC paying $67,000 toward the $250,000 Park Drive project.
The developer’s agreement spells out the obligations of both entities concerning Colfax Health and Rehab’s project to build a new skilled nursing facility, rehabilitation center and assisted living apartments on the south side of town near Viking Bowl.
According to the document, the developer’s agreement is contingent upon Colfax Health and Rehab’s willingness to enter into a separate Payment in Lieu of Taxes (“PILOT”) agreement with the village.
Colfax Health and Rehab’s payment of $67,000 is a one-time payment for infrastructure along Park Drive.
The one-time payment will be in addition to the annual PILOT payments negotiated in the separate agreement.
The developer’s agreement notes that the Village of Colfax acknowledges that Colfax Health and Rehab is a non-profit 501(c)3 corporation.
According to the developer’s agreement, the Village of Colfax will complete the following:
(Readers should note that the street is called Park Drive but that the developer’s agreement refers to it as Park Street.)
• Construction of a new water main, sanitary sewer, and storm sewer, starting at the intersection of Park Street going south past the north entrance to the Colfax Health and Rehabilitation Campus to the hydrant and lateral locations.
• Extension of the existing storm sewer in Park Street, to the extent necessary to serve CHRC.
• Installation of two fire hydrants to provide adequate coverage based on the available length of fire hose the village currently utilizes. The hydrants are to be owned and maintained by the village.
• Extension of Park Street.
According to the developer’s agreement, Colfax Health and Rehab will complete the following:
• No later than December 31, 2013, CHRC will complete construction of improvements, which, if subject to general property taxes, would yield a valuation of not less than $3 million as of January 1, 2014.
• CHRC will pay an annual PILOT based on the property’s valuation as of January 1, 2014, in accordance with terms and conditions in a separately-negotiated agreement.
• CHRC will create an outlot as an adequate site for a stormwater detention pond, with adequacy to be determined by the village’s engineer in consultation with CHRC’s engineer. If the stormwater pond is not accessible from adjacent village property, CHRC will grant an easement to the village of at least 15 feet in width.
• CHRC will grant a right-of-way to the village for the purposes of municipal utility extensions and possible future extension of Park Street to the south property line of Colfax Health and Rehab.
• Easements of 20 feet will be granted to the village for water utility valve maintenance.
• CHRC will be responsible for installing electrical, natural gas, telephone and cable services as may be required to serve its development and shall install water and sewer laterals as required to connect the facility with municipal water and sewer utility mains.