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Home My WebLink About1.0 Application1 Sketch Plan (update) ''DEER CREEK ESTATES'' May 1I, 1984 -aaa aaa aaaaa Eaaaa -aaaaaaa aaaa P.O. Box 883 a RIFLE, COLORADO 81650 a (303) 62s-3540 aaaa aaa aaaaa saaaa -aaaaaaa aaaa May 11, 1984 Garfield CountY Commissioners 20L 8th Street Glenwood SPrings, CO 81601 Gentlemen: This skeich plan paci<-et and enclosed map is an _update and revision of the s-ketch-plan. submitted and presented at the Gar- field County Planning C-ommission meeting on March A4, 1984' A copy of the letter of application submitted and dated Febru- ary !4, f-gga is enclosed hereLn. Thank you' S incere IY, Gary D. Berschauer GDB- j 1-w P.O. Box 883 R]FLE, COLORADO 81650 a (303) 625-35405 Dl'f/ Rtft ORADO rr\ February L4, 1914 Garfield County Commissioners 201 Bth Street Glenwood Springs, CO 81601 GentLemen: This letter of application is submitted with the sketch plan ofDeer Creek Estates proposed by Landco V,-Incorporated, representativeE. R" Proctor of SiIt, Colorado. Mr. Proctor has retained LandmarkSurveying Company as planners and the firm of Schenk, Kerst and De-Winter as attorneys to assist him in the processing of the proposedplan through the Subdivision Regulations for Garfield County. Yourthoughtful consideration of the application is sincerely appreciated. GDB- j Lw Sincerely, -t ( trur-.r-\ Gary D. Berschauer S\. :, .- ,-l (-\ - --\ -{^-vj{r€lr^!. a_ P.O. Box 883 a R!FLE, COLORADO 81650 a (303)625-3540 ffi Owner -Applicant - Surveyors - Attorneys Engineer Associate Landco V tnc.R. Proctor Box 491-A Colorado 81652 7 6-2452 UE D si1 303 ;.t, -8 Landmark Surveying B Gary D. Berschauer P? O. Box 883Rifle, Colorado 81650 303-625-3540 Schenk, Kerst & deldinter 817 Colorado Avenue Glenwood Springs, Colorado 81601 303-9 45-2447 Preliminary and final plat Solar CountryI Dennis BradleyP. O. Box 163Silt, Colorado 81652 30 3- 87 6-2222 SKETCH PLAN INFORIUATTON ''[)EER CREEK ESTATESI! The information provided herein is based on general planning concepts for the proposed Deer Creek Estates, hereafter "Estates"or "subdivision", with visual inspection of the 1anC, scaled data, rough calculations and guestimates. No engineering services or research have been performed on this project at this time, and the figures shown should not be assumed the final data. GENERAL: The Deer Creek Elstates i the Garfield County and the Town plans. A11 clesigns and constructi dance tostruction meet such agency or proj ect. s a proposed subdivision within of Si1t, Colorado, comPrehensive on specificatj-on will- be in accor- in the Town of Silt and the office, Rural the Garfield County Subdivision, Zoning and Standard Con- Regulations and,/or as approved upon final plat. AIso specifications and approvals per Town of Silt or other utitity company having such jurisdiction upon this LOCATION: The Estates SeCtion 2, Township 6 orado, contdrining L22 cribed by the boundary The Estates is k mile from business County, and within one mile of downtown Fire Department, RE-2 Elementary School, change. is situated in the SvglSEk and EkSW\ of South, Range 92 West, Garfield County, Col- acres more or less, beinE more ful1y des- description herein. SITE CHARACTERTSTfCS: The Estates is k mile East of the Town of SilE; adjacent to Heavenly V iew Exemptions a County approved Minor e Subdivision,Subdivision, and L mile .southeasterly of the Sun Ris a County approved subdivision. No houees nor buildings reside on the property. There is a grainsilo and foot ceIlar on the property. The SiLt Pump Canal Oitcfr runs northwesterly through the middle of the Estates and has concrete inlets and outlets for steel pipecl siph-o-ns crossing Iarge drainage gulches. Also along the ditch there is a manhole at the bottom of the siphon pipe, one concrete culvert for a road crossing, and concrete culverts under the ditch for sma1I drain- age courses, along with steel culverts crossing over the ditch for irrigation of lower land. An existing telephone cable overhpad line and a natural gas pipe line crosses the property. Existing overhead electrical Iines run along and adjacent to the South and West boundary l,ines Of. the"Estates. County Road No. 2lB funs along a portion of the South bound.ary line of the Estates from Grand Avenue in Si1L. Silt, Post Library,and I-70 Inter- The views from the Colorado River the Estates are beautiful looking over and down Basin, Divide Creek Basin, Mamm Peak and Oi1 1 Shale Book Cliffs. The Estates is located on the southern edge of Silt Mesa with the Silt pump Canal Ditch more or less being the edge of Silt Mesa. It has a southern exposure and slopes southernly from Silt llesa to the valley bottom where the Town of Silt is located. Several mesas are located between drainage courses and gulches mostly be- ing pasture land for grazing livestock, and one large sagebrush ffit.. There are small and moderate drainage courses or gulches running southerly through the Estates. The sma1l clrainage courses appear-to be dry drainages with exception to irrigation water and runoff waters. The larger of these gulches have water running in iL through the Estates-and has two smaIl ponds probably used- for livestock. It also appears that springs are along this gulch. The vegetation along ttris gulch and on both sides _of its side slopes is pl-entiful along with moderate Pinyon and Cedar tree cover. A large drainage gulch runs through the easterly par! of- the Estates in a southerly airection. ft is well vegetated in the bottom brit'the side slope= have Iittle vegetation. This gulch- statts attop the Grantl -Hogbaak North of Silt Mesa running southerly along the East side of Silt }{esa, through the Estates and then disslpate to no gulch or water course other than an irrigation ditch. The gulch is dry with 1itt1e vegetation. but moderate tree .coverage above Silt tUesl. It is heavily vegetated and has some sparce to moderate tree coverage through'St1t,MeSa. Springs-or. iirigation water seapage is apparent through Silt Mesa with irri- gation water running- in it most of the time. Ranbhers have con- structed small dikes for livestock ponds through Silt Mesa which detains and assists in water runoff, through Silt l4esa above County Road 214. This gulch appears to be sma11, but is much lar- ger when entering the Estates. DESIGN CONCEPT: The Estates is planned for a single family resi- ffithprivacyandWesLernCo1oradoatmosphereinan economical and felsible manner. A11 building sites wi11 have the beneficial useage of the Sun to utilize its solar energies. All- lots will be larger than 2.0 acres in size with two or more building sites. An effort to create an attractive living environment, a variety of residential units, set backs, antl roof l-ine designs wiIl be used. Planting of vegetation, shrubbery and trees will be encouraged to beautify the Estates. COMpREHENSIVE PLANS: The Estates faIls within District A Silt ffienceoftheGarfie1dCountyComprehensivePIan, and also fa11s within the low density resitlential disttict of the Sil-t Comprehensive Plan. With the proposed planning described herein, the Estates will faII under tha slandards of either p1an. However, because the Estates is not contiguous with the Town boundaries and ma5-nIy the cost to install a rttajor sewer main via 1-70 to the Silt sewaEe treatment facilitiesl it is not economically feasible to develope the EstaLes under the Silt standards at this time. A1thou9h, with- 2 in the planning of the Estates through Garfield County Regulatiol=, the intlnt is f.o provide future subdivision of the lots into smal- ler lots when annexed to the Town. On page 58 of the Garfield County Comprehensive P1an, paragraph 6, "Acclsi to the northeast and East is very limited-.- No County maintained roads provi-de direct access to this area." The Estates plan to improve the existing County Road No. 2L8, and construct a County approved road through the subdivision within L mile cf County Road fto.-2fa on Silt Mesa. This road coutd be extended by future development to Road 214. This subdivision will improve this area describel by the Comprehensive P1an. The Estates is Planning to connect and use Town streets. A preannexation Estates is contiguous with Town limits Town. ZONING r A/R/RD Zone District is the ,present zone toGain the same for the Estates- the adjacent the same. A11 units, structures, site locations, driveways, etc. will meet and be governed per this approved upon final PIat. to the Silt water sYstem is proposed so when the it will be annexed to the and is proposed lands are zoned landscaping, zone and/or as Town of Silt Zone Districts, % mi16 West of the and AG being single family residential.The adjacent Estates, are R-1 fhe l-ots one lot average LOTTTNG:The Estates lots shdll be larger than 2.0 acres in size. shown on the sketch plan range from 3.2 to 6.0 acres with being 19 acres. A tolal of 22 lots are plannecl with !h"lot Jir. being around 4L acres excluding the 19 acre Iot. A1l- Iots will be serviced by County approved roads, with access to and from U.S. Highway 6 and 2q via -ounty and Town of Silt pub- 1ic street systems.- Utilities, domestic waler, electrical, tele- phone and nalural gas, sha]l be available for each Iot to connect to. Building sites are shown on the sketch plan which most lots have two sites. Building envelopes shaI1 be shown on the prelim- inary plat where slopes tiitfri., tfr" lot exceed 25 percent. Each 1-ot iraving an access road to the building =i!.. that exceeds 10 percent sfra11 be noted and shown on the preliminary plans. No iccess road shaIl exceed an average grade of 12 percent. section herein, the Es acres in size to meet tates is planned with the County Standards f FUTURE SUBDIVIDING: As discussed under the Comprehensive Plan lots larger than 2.0 or individual- sePtic,f installing a major , nor feasible for thistank system, due to the construction costs o town sewer main line which is not economical 22 lot subtlivision. THEREFORE, it is proposed that each Iot, created in the Estates under the Gariield County Subdivision Regulation and platt9d, be allowed to be divided into smaller lots, provided that each new lot will provide one building site, minimum frontage along a pub- 1ic road, serviceability for all Estates utilities, and provide 3 adequate driveway grades and off street parking. This divisionof existing Iots, would only take place if the Estates made an agreement with the Town of Silt to connect to the Silt Sanitation Sewer Il-ne by'Stem. The division of the present lots could be through either the County or Town Subdivision Regulations if theEstates is not contiguous wlth the Town at that tj-me. DENSITY:The density of the Estates as plannecl fa1Is under the maximum alIowab1e densities established in the Garfield County Comprehensive Plan (G.e.e.P.) and the Town of Silt Comprehensive P1an (S .C.P. ) . The Estates is k mile frorn the Town of Silt, which under the G.C.C.P. the maximum d.ensity would be seven units per acre. How- ever, the S.e.P. maximum density for the Estates is three unitsper acre, therefore, since the Town has a comprehensive plan, their maximum density applieji-(o the maximum density allowed forthe Estates, which would be(3e6lunits per acre. \_.-- t{ The Estates is planned with two concepts, present and future, as discussed under Future Subdividing section herein: Present, the Estate is planned with 22 singlelots, with 122 acres the density is 0.18 unitst;per Future, the Estate could consist of 44 singlelots, if each were divided into two lots, with.,122the density is 0.36 units per acre. family acre. family acres DOMESTIC WATER SYSTEM:The Domestic water system for the Estates ension of the Town of Silt water system.is proposed to be an ext A pre-annexatLon agreement or other type of agreement would be a- greed upon between the Town of Silt and the owners of the Estates. A11 facilities would be designed, installed and approved under the requirements and specifications of the Town of Silt. The Town of Silt collects and treats their water on an island in the Colorado River and pumped to an SOOTOOO ga11on water storage tank located on the Mesa immediately North of the Town. This tank provides service to the present Town below the rim of the Mesa, and is considered Siltrs Pressure Zone I. Adjacent to the 8001000 ga11on tank a pump station pumps water from this tank to a 1501000 gaIlon water storage tank located on one of the sma1I hogback knol-Is that run across Silt Mesa, also being located in the 5 acre water storage tank and open area in the Sun Rise Subclivision in Garfield County. This system is consiclered Phase I of Siltrs Pres- sure Zone ff and was installed by the developers of the Sun Rise SubdivLsion. The Sun Rise Subdivision, an approved County Subdivision, in- stal-l-ed 8 inch P.V.C. water mai-ns to provide service to its Iots, and have made provision for future main line extenSions. The Estates can be fully II and is proposed to extend serviced by the Siltrs Pressure Zone an 8 inch P.V.c. main water line from 4 the existing 8 inch P.V.C. main in County Road No. 214 at thenortheast corner of Sun Rise. This line would extend East within R'oad 214 and southeasterly to the North boundary line of the Estates.Thi:s line wl11 cross one land owner (nuggero) ana be within theright-of-way of Road 214. This line will be approximatefy 47OOfeet long and is guestimated to cost around $601000.00 plus addi-tional- costs not known at thls time for reimbursement of existingwater improvements installed by sun Rise. (see map at end of thissection) . Wtthin the Estates there will be approximately 6000 feet of 8inch P.V.C. water mains to be installed along with gate valves,fire hydrants, service lines, and their facilities. All fire hy-drants are proposed to be 6 inch- wlth gate valves and per the Silt- New Castl-e Fire District Specifications, placement and approval. The 8 inch main line extended from Sun Rise to the Silt PumpCanal Ditch will enable future extension to future developments.The 8 inch main line below the Silt Pump Canal Ditch will be dead end lines with fire hydrants at the ends for maintenance of thelines. These lines will extend somewhat into Pressure Zone I andcould be connected to future mains of Zone I with special valvingcontrol, if so desired at such time. The anticipated maximum daily gallonage useage, based on the 22 lots, 3.5 persons per unit (r,ot), and 100 gallons per day per person, is approximately 7,700 gallons per day. UsLng the data on Page 58 of the County Comprehensive PIan, the impact on the existing town water system is approximatefy: Town water system population - 3000 people = 100? impact. Estates population usj-ng the 3.5: Persons per unit - 77 people = 2.62 impact. Estates population using SiItrs: Average 2.7 persons per unit - 59 impact. the existingA11 based on the Estates being fully Town water system capacity. Upon building application the Iot owner sha1I apply for a watertap wlth the Town of Silt, which the lot owner sha1I install a watermeter, provided by the Town, and pressure reducer valve if' requiredat the lot owners expense. people = 2.02 built out with 5 ELEVATIONS AND PRESSURE DATA The following figures are approximate and should not be assumed to be designed data. A11 data is from topographical maps and USGS maps elevation, scaled data, and data on hand. SILT PRESSURE ZONE NO. ]- 800,000 gaIlon tank minimum P.S.T. 30 maximum P.S.f. L20 STLT PRESSURE ZONE NO. 2 56609 elevation 5590q elevation 54140 elevation 58679 elevation 57989 elevation 55900 elevation (base) (pump station) (base) (zone no. 1 minimum) Zone No. 1 150,000 minimum maximum gallon P.S.r. P.S.I. tank 30 120 DEER CREEK ESTATES SUBDTVTSTON Lowest elevationHighest elevation Average elevation 54930 ;;?s& 72 0 9 = P.S = P.S = P.S .f..r..r. Zone No. 2 ]-62 38 98 A pressure reducer valvethe 100 P.S.I. to lessen theIt is also proposed that any a 3/4 inch pressure reilucer. is proposed to be installed around lower lot P.S.I. to around 100 P.S.I. unit having more than 60 P.S.I. install 6 .1. ,,( il ll ll['.. il ,l ,\ \ \._-ES r, >tt / '.- -) h - ""rrll\ll!! u ( \ ,/ i :t' ,1 ..)- ) I ( SEWER SYSTEM: The Estates isacres in size and is proposetl designed with lots larger than 2.0that each lot install their indivi-dual County approved septic tank system. It is also proposed that two or more lots share one common septic tank system where possible and permitted. The Estates is capable of being serviced by the Sitt Sanitation system, but not economically feasible at this time. (Refer to FutureSubdividing section herein) Upon annexatj-on to the Town or when the Town sewer mains are economically feasible for the Estates to con-nect to them, the Estates would abandon those individual septic tank systems at that time. The anticipated maximum daily gatlonage per unit (Iot) is guesti- mated as follows: 1 single family lot x 3.5 persons per unit (Iot) x 75 gallonsper day per person = 260 gallons per day. The total Estate would = 51800 gallons per day, and under the future plhn assuming eachlot will be divided and under Town system would = 111500 gallonsper day. ROAD SYSTEM: The Estates propose to use the existing streets in the Town of Silt and County Road No. 218 for its access from U.S. High- way 5 and 24. The existing streets in the Town are N. 16th Street and Grand Avenue, both being paved streets and maintained by theTown. Road 2lB is an unimproved road presently not maintained bythe County. Road 218 is proposed to be improved by the developer from theexisting pavement at the end of Grand Avenue, to the intersection of the main road within the Estates. This section of road is ap- proximately 1900 feet in length and is planned to be improvedwithin its right-of-way with a chip and seal tlriving surface, allper County Road Specifications as approved. The improvements ofthis road is guestimated to cost about $27 1000.00. The main road of the Estates is proposed with a 60 foot right- of-way with a 28 foot chip and seal driving surface. This road is approximately 3000 feet long and would average approximatelya 7 percent grade. ft appears that this road could be constructed under the County Roatl Standard Specifications, however, there may be some grades steeper than anticipated with the section lying be: tween Roail 218 and the Silt Pump Canal Ditch. Upon preliminary designs this will be determined. If grades are steeper than an-ticipated, the road alignment may be altered.from that shown on sketch plan, or a steeper grade be tequested. This road crossesthe extension of the Ware and Hinds Ditch and the Silt Pump CanalDitch which the crossing will be designed and approved per County and Ditch Company Specifications. This road is guestimated to costs around $63r000.00. Other roads (4) within the Estates are proposed with 50 foot right-of-ways, all being dead end roads with 50 foot radius cul- de-sacrs at the ends. The maximum average grade for any one of I these roads is less than 6 percent. The length o range from 200 to 700 feet beyond road intersecti sacrs. The lower road is 1400 feet long but ture 50 foot roadway 700 feet from the cul-de-sac road will provide access to U.S. 6 and 24 which i Estates about 800 feet, when the adjacent (South) All- public roads within the Estates are pro to be classified as Residential and Mountain Road field County Subdivision Road Specifications and,/ upon final plat. Using a standard 3 trip per day per lot the i: streets described above will consist of 66 trips age of 1 car every 11 minutes, when the Estates i out. At the present time and figuring the Estate Estates would impact that portion of Grand Avenue antl that portion of N. 16th Street about 25 pe is anticipated that by the time the Estates is existing annexed land in the Town is built out the impact from the Estates on Grand Avenue would percent and less than 10 percent on N. 16th Stree DRAfNAGE SYSTEM: (Refer to the site characteris age can be design ed to retain, evaporate and diss created by this development and enable control of Irrigation water appears to be a majority of the Estates. Most irrigation ditches will be elimin ted to best benefit its useage for irrigation of The main gulch in the northwestern partg Iy has two smaIl ponds that are now mostly f These ponds could be cleaned and improved as det or two adtlitional detention ponds could be constgiitch. Other sma1l drainage courses could cons ponds, which would not only help in any runoff, Estates. The largest gulch on the East portion could also have detention ponds. The Silt Pump Canal Ditch does not have any Existing smaIl drainages cross under this clitch a ses under the large gu1-ch in a piped siphon. Sma ches cross the canal:ditch in pipes and run down banks and meda edge. The irrigation water on the in l-ots 4 and 5 as shown on the sketch p1an7 rurl:' Erosion is apparent where this water runs over mesa and canal ditch. An existing roadway runs road shown on the sketch plan between lots 3 and isting road has vertical cuts and erosion is app southeast corner of Lot 4 and Lot 1 an old grave and has steep to vettical cuts. It is proposed to eliminate such erosion and cal bank where possible, and revegetate the are main road will eliminate some erosion and when road the barrow ditches are planned to be erosi 9 rc these roads s and cul-de- des for a fu- This future South of the land is developed. ed and requested as per the Gar- as approved ct on the Town r day or an aver- completely bui1.t. was built out, the irbout 50 percent t. However, it It out and the using these streets, :" less than 20 cs section) Drain- pate water runoff the present water. CS ent water on the and,/or reloca- Iots. d.ed e Estates Present- and fuII of cattaitrstion ponds. One ted within this t smaI1 detention t beautify the the Estates tlets to this land. the ditch cros- irrigation dit- e canal tlitch sma11 mesa, being ff the mesa edge. banks of the thin the main and 5. The ex- ent. Also in the pit is apparent slope the verti- The proposed structing the controlled by bu ofilled o 1 means of vegetation (grass) or gravel. OTHER TNFORMATION:Easements will be designated along boundaryright-of-ways, drainage courses, and gulches,and 1ot lines, road and any other easement required to proviile utilities to all 1ots.Existing easements of record will remain. AIl utilities and ditch easements and/or right-of-ways sha1l be accepted antl approved bythe utility and ditch companr*es. Utilities are available within, crossing and adjacent to theEstates, consisting of PubIic Service electrical overhead lines and natural gas pipe line, and Mountain BeIl - AT&T overhead eable telephone lines. Cable TV is within the Town of Silt and couldprovide service to this subdivision. Soils as submitted previously, revegetation of disturbed soilSwill be required with the encouragement of lot owners to plant vege-tation, shrubbery and trees to assist in soils erosion and to beau-tify the Estates. Radiation hazzards are not known to exist nor planned to occur. Topography impact will be minor with this proposed development due to the density as planned. The impact on this land will be ap-proximately 75 percent less f.han what the capabilities permit forthis type of development under Silt Standardsr.and under the County Standards as proposed about 50 percent. -l-0 IIGUESTTMATED CONSTRUCTION COSTS" Outside water main, piping Permits, fees, reimbursement Interior water County Road No. Main Road Other Roads Drainage Utilities distribution 218 improvements Total Guestimated construction costs $oo, ooo.0o $20,000.00 $95 r ooo. oo $27,000.00 $63roo0.oo $52rooo.oo $19r000.00 $30r000.00 $365,000.00 (Average construction cost per lot $16,650.00) 11 ':1r.'' Recelri,on lio. 4,', -Q/-:31u ',/ " ifrtloitru JUN 2 2 1981.' Boott 575 rm:.I_?S4 WARRANTY (STATUTORY 1o \ xL:-!iaa gnggero and .icsephine ?.ugge=o ,(l:ereina!'-e= refer=eC to as "GrantorS"), whose address is 2280 County Road 214, New Castle, Colorado 8L647, of the County of Garfield and State of Colorado, for ten dollars and other good and valuable consideration in hand paid, hereby seII and convey to.,Landco .Yl"Il,9;-r,(hereinafter referred to as "Granteel'), a Delaware J-UN 2 2 198'l corporation, whose street address is 320 lvy Lane, Luting, ITi"l"B'tu41T?r''tC?E 44uLouisiana 70070, of the Parish of St. Charles, State of ?-,-4J----- , . Louisiana, the following real ProPerty in the County of Garfield and State of Colorado to wit, ' ELSwk, SwLSek of Section 2, Township 6 South, Range 92 West of the Sixth Principal Meridian; With all its appurtenances and warrants title to aII portions of the above described property, except for the following four (4) tracts lying within the above described property. TRACT A A tract of land situated in the ELSW\ of Section 2, Township 6 South, Range 92 West of the sixth Principal Meridj-an, County of Garfield, State of Colorado, said tract being more particularly described as follows: Commencing at the South Quarter Corner of said Section 2, rebar True Point of ALSDCIIi, i(i:CORrtR DEED FORM) )P' W 4 $ and cap in place marked L.S. #5447 | the Beginnj-ng; thence S . 0!" 26' 23" E . along said ELSWL of Section 2, 18.50 feet to fence line; thence leaving said easterl along said fence line 65.34 feet to a f'Thence N. 00o45'18" w. along a fence in thence along said fence N. 0I"08'39" E. along said fence N. 04032'39" E. 379.27 said fence N. BBo33'37" E. 12.50 feet t rrn lr't t;:ltl.lWlr, l;lr,'rrq;rr g. Ol"?.6'23" ,1 . ;rJ.on the easter ine of a point in an existingy line S. 89o33'01'r W. ence corner in place; place 896.93 feet; 79.23 feet; thence feet; thence leaving ,o the easterly line of ro nirj.d calltcrly line 1335.B6 tcoL tc.r the 'I'ruc Polnt of ttcqlnnlrlr1; corrl-aini ng I.63 acreg, more or less. TRACT B A tract of land situated in the SwtsEk of Section 2, Town- ship 6 South, Range 92 West of the Sixth Principal Meridian, County of Garfield, State of Colorado; said tract being more particularly described. as follows: ) ITIREVOCABLE STOCK OR BO]\D POWER FoR 'ALUE RE.EI'ED, the undersigned doee (do) hereby seil, asoi OFF ACCOUNT NO.T RR gn and transfer to ....inclusive, ...........WILIIAt{..RUGGEBO...and..JOSEpHIN.E..BUGGERo..............-..... .......1,.a....sh a rcs or th e-. -a.np L t.el. s tock or.rh.e...E##-i .'.:r'=i;;il.ffip a nyIF STOCK, CO]TIT'I,ETE TIIIS T'ORTION IF T}ONDS,(]ONIPLETE TIIIS t,oltTIoN changcs havifcr ,rlient or represented by Certificate (s) No (s). .-._. standing in the name of the undersigrred on the booke of said company. in the principal amount of S........inclusive, standing in the name of the undersigned on the books of said company. The undersigned does (do) herebv irrevocably constitute and appoint.l{LlLIH1.-BUG.cERo AND 'L9SEPILIN.E..BUG.@{dft,ey to transfer the said etock or bond (s), aa the case may be, on the books of sriid Company, with full power of substitution in the premises. Provided, Dated.il?/s/. that this p ower j-s given a s security to the t ransferee and ma vonly be exe rcised in the e vent of forecl0sure of that certain'morrgage'..of even date he rewith betwwen tire pa rties.INIPORTANT- R EAD CAR[)F ULLY x..IANDCO 'rThesignature (s ) to this Powrrr m ust corr(-s p(, the nd face of the with the name (s) ce rtific nte or lrond ( u Donsi in BY. aa writtr:n (s) nltcverypalticul:rr withouI crir l.i0n or en-r rt.toN (r) tllar1;r,rntnt or a ,ly r,ho chan 1Je whrrkvcr. Si lrna-trl rc gu il ra r) t(:e uld bc rnndr,l,y ,r rnclnlrcror nrcrnlrer o rganization of th e N<lw YorkStock Exch other Ex- E. 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