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Bscrow Agreement
Date: 9/21115 EscrowNumben 519857
T.he undersiped clqposit with Lasd Tltte Guarantee Comparty, a colorarlo corporation as Escrow Holder (the 'Escrow-flolder'), tre
it"ms set Oitr in Schedute A, to be heldby Escrow IIoldL sutject to the termi of this EscrowAgreemeu! the General Provisions to
tbe EscrowAgreement aud the Special Ins-Ouctions in Schedule B (coliectively, the'lSscrowAgfeemenf,).
El Aff cash deposits mustbe accdmpanied by aFoun W-9 Request for Ta:rpayer IdentificationNumber.
"Schedule rAJ'
(Depostts)
$--791,295.09--, from
"Scheilule B"
(Special Instuctions)
! Speoial lnstruction No. 1 (Repairs)Attached
f Special lnstuction No. 1a (Comptetion) Attached
! Special Instuction No. 2 (Lender Completiou Instructions) Attached'
f] Special hstuctiou No. 3 (Indemnity Agreement - Cash Deposit) Attached
fl Special Instuction No.4 (Depository Instuctions) Attached
[] Special Instruction No. 5 (FJ.R].T.A)
! Special InstuctionNo. 6 @esol:ticrn of Miscellaneous Issues)
E aU bthers (See attachedE:rhibit"A)
The parties'to the Escrow Agreement by their signatrne below, acloowledge and agree ftat they havo read, audwiJl be- bormd by tho
ir*i*asu".eng inchdin; tlre General provis'ions to the Eso'owAgreement, and he Special Iasructions iu Sohedule B.
BLUE HERON PROPERTIES, LLC,
A COLORADO LIMIIED LIABILITY COMPANY
By its Manager, CLMBlue Heron, LLC,
a Colorado limited liability company
Closer: Bob Rulan
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Form 13575 nnOB ea.spcc.instodt {?2894373'
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1012@12015 03:41 :38 PI.l Je6n Albertco2 ol 7 Rec Fee:!$@,OO Doc Fee:0.00 GARFIELD COUNTY CO
Address: 108 Sttr Street, Suite l0I
Glenwood Springs, CO 81601
Phone #:
Fax#:
Email:
Contact
Lender:
(Ifapplicable)
Address:
Phone#:
Contacl
Any oorrespondence regarding this escrow shall be
addressed to:
Land Title Guarantee CompanY
5975 Greenwood Plaza BIvd.
Greeuwood Village, Colorado 801II
Attn: Escrorv Coordinator
Phone: 303'321-1880
Far 303-399-8193
(e70)945.-1004 ..
(,970)94s-?78s
Address: 430 Ironbridge Drive
Gle-uwood Sprines. CO 81601
(970)384-3986(970)384-2s00 _
Phone #:
Fax#:
Email:
Contact:
Escrow Fees to be as Follows:
(a) Setup fee:
(b) Miscellaneous:
Note: Afterthe issuance offorn (4) checks, afee of $10.00 per
oheclc will be matle for each additional check.
Receipt of the Escrow Deposit aod acceptance of the Escrow
Agreement hereby acknowledged by:
Land Title Guarantee Company- EscrowHolder
See Ethtbit B
Form13575 l2t20l3 ea.spec.iosLodt {228e43231
By N/A
By:
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."o..11'ioI"J'T":ff H:E:.?l#i;l}k.",
Initials
Initials
Notices.
euy notic". required or permitted to be giveu under the Escrow Agreement shall have been deemed to have been served:
t. one Lusiness day afterthenotice ishaud deliveredwith proofofreceiptbythe addlessee, or
ii. one business day after transmission by facsirnile evideocing confnuration of receipt by the receiving facsimile
machine, or
one business day after trausmission by email evidencing confinnation of receipt by tlre receiving email addless, or
ifreprttable ovegright courier (such as United Parcel Service or Federal Express) is used, on the irnrnediately
foilowiug business day after notice is sent for ovemight delivery, or
ie the United States Mail is used, on the third bt-siness day after flre notice is deposited in the United States Mail,
postate PrePaid;
proviitecl in
"uoh-o"ir
iooh notico is addressed to tho parties at the addresses given on the fust page of this Escrow Agrcemenl
Reliauce ou Notlce.
E""ro* Ho1der may aot in reiianoe upon any writing or inskuuent or signature which Escrow llolder, in good faith, believes to
be genuine, and miy assume the validity and accr:racy of any statement or assertiou contained in such avriting or inshuraent
,rjrroy assume ttrat auy person purporting to give any writing, notice, advice or instruction in coauection with the provisions
hereofhas been duly authotized so to do.
Laws Relatiug to Unclalmerl Bunds.
Seller and Buy-er are hereby advised that uuctailled funds may be payable to tbe State at some future dae pursultrl to
-- -
unclaimed. property laws, and should Bscrow Holder pay any such firnds held in the Escrow Deposig Escrow Holder sball be
release n om at fi*thr, ,rrpo*ibility unrler the Escrow Agreement and shall not be [able to any Party so long as such paynent
was made pursuant to applicable law.
Escrow Deposit and Interest Darned on Escrow Deposit.- o. Upon'receipt of written ilh'eotion of the parties along with a completed W-9 any rnoney comprising tJre Escrow Deposit
will be invested in au interestbeariug accouut-
b. Deposits of $100,000.00 or more may bo directed by the parties hereto to other types of invesbrents, or the Escrow
Ho'lder may inveit flre Escrow Depoiit in Repuchase Ageemsnts for U.S. Treasury obligations or other Federal agency
issued securities.
c. Escrow Holder shall not be responsible for maximizing the yield or: the Escrow Deposit. Under no circumstances sball
Escrow Holder be liable for lois of funrls due to bauk or other Institution failure, iucluding employees or agents thereo ,
suspension or cessation ofbusiness, or any action or inaction on the part ofthe baDk or other institutior\ o[ any delivery
service haosporting firnds to and from the institution-
All parties hireto sf,al execute and deliver to Esorow Holder all forms required by federal, state or ofter governmental
ageucies relative to taxatiotr matters and Escrow Holder will flle appropriate 1099 ot'other requircd forms.
Fees and Erpenses of Escrow Holder.
a. The Eicrorv Holder shall be entitled to reimbursement iu full, or may demand paymeot in advance, for all costs,
expenses, charges, fees or other payments rnade or to be rnade by Escrow Holdet in the performaule ofEscrow l{olalet's
duties and obligations under the EscrowAgreement.
b, The parties to tle Escrow Agreemeut are j ointly and severally liable for the payrne.rrt to Escrow^Holder of all fees and
"*p"6"r. Escrow Ilolder iJhereby authorized and directed to reimburso to itself in pa;rnrent of fees or expenses frou
uoy fund" in t5e Escrow Deposit, whether from priucipal or rnterest or both, at any timc, and from time to tirue, as the
sarne may be due aoil owing.
c Escrow Holder is hereby uuthorircd to withhold any fees or expenses fi'om any disbursement or disb'ibution of Escrow
Deposit to any Patty lrereto or to tbe Clelk of tbe Court upon iuterpleader.
d. ln ihe event that thi Escrow Deposit shall cousist of documents only and not firnds, Escrow Holder may refitse to
distibute any suoh docurnents or to otherwise act under this Agreement until all accrued but unpaid fees and expenses
have been paid in full.
tii.
iv.
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Non-liability of Escrow Holder-
ffillri;;ffii:;"iiffi; [able for ury nristakes of facq or errors ofjudgment or for atry acts or omissioos of any kind
It.
t2.
unless oaused by the willful rnisconduct oI gross negligence of Escrow Holder.
fscrow Holder ihalt not be liable for any tares, assessireuts or other gover:rmeutal charges rvhich rnay be levied or
assess"dupontlreEscrowDepositorauyparttlrere-of, oruPotrtlreincomefut:Tl:-.- L^t-^--^-^.Lo--*aaaac. Escrow Holder may rety opoo t" aavici of coursel and upon statenents of accor:ntants, brrokers or otherpensons-'
,-.*oootfy f"fi.ruO ty-itil good fnitha be expert in th9 ilatters upon which they arc consulte4 snd for any reasorable
acriotr taken or suffered in good faith based upon suoh advice or statements'
IndemnitY of Escrow Holder.
The Seller andBuyer jointly and severally, agre€ to:
i. indemniff Escrow Holder for, and hold it harmless agailst any a1d all liability incr-nred by the Escrow Holder by
reason ofthis Escrow Agreoment, or in corrnection rfrtb Bscrow Lgent's performance of its duties hereunder, excePt
for Escrow Holder's onrn willful misconduct or gross negligence, and
ieimburse Escrow Holder toi au its e\penses, iniruaing, uut not trecessalily lirnited to, attorDeysr fees mtl court
costs incun'ed Pursuant to this Escrow Agreement
Request for Written Instructious.
a. Escrow Holiler*"y ot u"V tire, aud fl'om time to timg rcquest the Seller and Buyer to providc written instructions
conceming tlre proiri"ty of a proposed payment of th.
-Es"iow
Deposi! distribution of documents, or other action or
refusal to act by Esctow Holder.
b. should the soller and Buyer fail to provide such writtcn instruotions within a reasonable time, Escrow Holder may take
such actioq or refuse to ict, as it may deem appropriate and shall not be liable to anyone for such action or refirsal to act'
o. Not*it.t*aiogtt"foregoing,shorildth"t"rm,oitlruE ttowAgreemcntbecornipliedrtith,inthejudgmeutofEscrow
Holder, then tu"-B*oo* ftotier."y disburse any fimds, disffiute docunrcnts, or take such action witbout specific
firther w'iften inshuctions from any Party.
Dlsputes and InterPleader.
o. In the event of any dispute botween tbe Parties as to either law or fac! ol' iu ttre eveut any of tlre parties hereto fai! for--
-V reason, to firliy reJeipt and acquit the Fscrow Holder in writing" Escrow Holder may refi:se, in its discretiou, to carry
out said escrow instuctions or to de[ver any f:ads, documents, orpoPeffiy iu its haud to atryollo and itl so doing shalJ
not become fiable to demand.
Escrow Holder shall be entitled to contiuue, without liabitity, to refrain and refuse to act:
i ,otif
"U
tn" righrs ofthe aalverse olaimants havc been dnafly adjudicatld by a court havingjurisdiction over the
parties amd ttre items r*..t a U...uy, after whiclr time the Escrow Holder shall be entitled to act in conformity wiflr
such adudication; or
lt. rmtil all differeuces shall have been a-djusted by agreement and Escrow Holder shall have beelr notified tlereof and
shall havo been dir.ected in writing signed joinily or in counterpart by the parties and all pers.ons rnaking adverse
claims or deman( at which time Esorow ltolder shall be protected in acting in compliance therewith.
c. Escrow Holder atso has the right to ir:terplead into a court of Competentjurisdiction at the expeme of the Puties'
Resignation of EscrolY Holtler.
r. Escrow Holder may resign under this Agreement by giving written notice to all of fl:e parties hereto, offeotive 30 days
after the date of saidnotice.
b. iipoo tne appointrnent by tho parties of a new escrow holdor or custorlian, or uPon^written instructions to Escrow Holcler-
foi o,t * disposition oftilo nscrow Deposit, Escrow Holder shall, aftor reteation ofits accrued escrow fees and exPenses,,
if auy, shall delivr* th;F;;;Deposit witlin areasonable period of time as so directed, and shall be telieved of any aod
all liability heremder arising thercafter.
Applicable Law.
fri'i ,tgr""rr"nt shall be govenred by the laws of the State of Colorado'
Counterparts/Third Party Benefi eiaries.
This EsorowAgreemeut nray be executed in any nurnber of counterparts, each of u'hich when so o(ecuted shall constiilte the
eutir.e agr".nreit but
^,""n
die Seller and Buyer. -I'he Seller aud Auyer acknowledge and agree that there are not intended or
uoiot""E"a 1tri6 party benefioiaries who rniy rely upon orbenefit fiour tho provisiols of this ag'e€meut
Electronic Signatures and Notices.
Ihe executiou of this Escrow Agreement, an<l any other notico reguired or pennitted uoder this EscrowAgreemeng may be
gil/ r-"oa ftusmitted by electroinic means (inclu-ding ernail, facsimila or siTrlar transmision) and shall be deemed effective
for all prxposes, Documents wiU, origioaf .ilqnatruel are not required. If original signatwes are required by any lalty, this
."q*rfrtifre made prior to executiin of this Escrow Agreemint or aoy other notice, to ensure coupliance with the request'
Form 13575 l2l20l3 easpec.instodt 12289432s1
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Exhibit "A"
to
Escrorv Agreement
This document is an adtlendum ('Addendum') to that certain esuow agreement under Laud Tifle
Guaranty Company Escrow Account No. 519857 ('Esctow Agreement") entered into between
and among Blue Heron Properties LLC ("Blue Heron Properties") the Board of County
Commissioners for Garfield County, Colorado ("BOCC') aud Land Title Guaranty Company
(,Escrow Holder'), This Addenduur is incorporated in the Escrow Agrcement by reference as if
set out in full.
Introduction
Blue Heron Properties and the BOCC are parties to that certain Subdivision Improvements
Agreement aatid q/zt I lf and recorded in the public records of Gar:field County,
Colorado under Re'cepilonNo. ELFT/O (the *SIA').
Section 3, of the SIA requires that Blue Heron Properties provide security forlhe construction
and completion of certain public improvements located within the Phase III of the Ironbridge
Planned Unit Development.
The amount of the security is $Z?I,A*S,$e "Escrow Deposif), which is an amount equal to
the Cost Estimate as defined in Sfotioh 3(alof the SIA.
Blue Heron Properties and the BOCC have agreed that the delivery of the Esctow Deposit to the
custody of the Escrow Holder, pursuant to Escrow Agreement and this Addendum, will satisff
the security requirements under Section 3 of the SIA.
Section 1.01
Disbursal Instructions and Miscellaneous Provisions
Disbursal of Escrow Deposit.
ln accordance with the above, Blue Heron Properties and the BOCC instruct the Escrow Holder
to disburse all rernaining or any authorized portion of the Escrow Deposit as follows:
To BlueHeron Properties: Escrow Holder shall disburse the zum set fortll on auy
.'Written Request for Partial (or Final) Release of Security presentedby Blue Heron
Properties" as provided in Section 3(e) and Exhibit D of the SIA that is stamped,
certified or otherwise authorized by the BOCC or its duly authottzed offtcer or
tepresentative.
To the BOC. .C: Escrow Holder shall disburse the balance of the Escrow Deposit together
witt att a""rued interes! to the BOCC upon Esctow Holder's receipt of a duly approved
written resolution of the BOCC confirming that the BOCC has determined BIue Heron
Properties to be in default under the SIA. Such determination shall be made at a duly
noticed public meeting for which Blue Heron Properties wili be provided 14 calcndar
days advanced urittennotice. Notice provided in conformance with the SIA will be
deemed suf[rcient for the purposes of this provision.
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Section 1.02 Miscellaneous Provisions'
Blue Heron Properties waives any and all claims against the BOCC, its officers, employees,
agents and contractors on account ofeach oftheir good faith pefonnance oftheir obtgations
Gder the Esuow Agreement atrd this Addendum. Blue Heron Properties shall defend, indernnify
and hold harmless the BOCC, its officers, employees, agents and conttactors from and against
any claim made on account of this Esclow Agreement.
The procedures set forth in this Addendum are intentled to govern the manner in which Escrow
Deposit funds are to be disbursed to Blue Helon Propefiies, or; as the case may be, the BOCC.
This Addendum does not affect, in anyrespect, flre mannel or conduct of irupections to be
performed by the persoonel of Garfield County with respect to the public improvements, all as
further provided in the SIA.
The parties intend that the Esuow Agrcement and this Addendum satisfr the requirement of "a
fourr of security deerned adequate" under Sesiton 3(a) of the SIA. In any event, as between Blue
Heron Properties ard the BOCC, the provisions of the Escrow Agreement and this Addeudum
are to be interpreted in a manner consistent with the SIA, which, with respect to Blue Heron
Properties and the BOCC, will control over the Escrow Agreement and this Addendum with
respect to any provisions that are in conflict.
***End of Addendum***
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l; Becky Macdonell Blancharil, am a licensed closing agent for Land Title Guaranty Company in
Otenwooa Springs, Colorado. I acknowledge that I havc received, in connection with Escrow
aocount t lo, S f gl5Z (the 'Escrow"), fli" bilow-imaged bank draft, with instructions and
authorizationto deposit the frrnds negotiated by thi draft in the Escrow, upon execution of the
subdivision improvements agreement and escrow agreement relating to the F^sotow.
Land Title Guaranty Company
*\9- tz- 15
BLUE HI}RON DBVBI'PMENT C1CMPNNY
430 TRON BRTDGE ND
GLENWooD SPGS CO 81601:3558
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its closing agent
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GARFIELD COUNTY TREASURER'S DEPOSIT AGREEMENT
IRONBRIDGE PHASE III, FILING I REVEGETATION
Owner: Blue Heron ProPerties, LLC
THIS 2OI5 GARFIELD COUNTY TREASURER'S DEPOSIT AGREEMENT
IRONBRIDGE PFIASE III, FILTNG I REVEGETATION ("DCPOSiI AgTCEMENt'') iS ENIETEd iNtO
by and between the Garfield County Board of County Commissioners ("BOCC" or "beneficiary"),
the Garfield County Treasurer, Karly Bagley ("Treasurer"), and Blue Heron Properties, LLC
("Owner").
Recitals
The BOCC approved the Owner's Application for a Final Plat of Ironbridge Phase Ill,
forthe InONenDGE PHASE III, FILING I REVEGETATION pursuant to the final platFiling I forthe IRONBRIDGE PHASE III, FILINU I KEvEUtrIA I luN pursu
recorted at Reception Number F4? " I in the records of Garfield County.
The Final Plat of Ironbridge Phase III, Filing I requires provision of "security for
Revegetation" and Owner wishes to deposit good funds for such security.
The BOCC is willing to allow Owner's use of a Garfield County Treasurer's Deposit
Agreement as such financial assurance.
The Treasurer is willing and able to hold such funds in accordance with the Treasurer's
statutory duties outlined in C.R.S. $$ 3O-10-701' et seq. and 30-l-102, as amended'
Agreement
NOW THEREFORE, in consideration of the foregoing Recitals, the parties agree as
follows:
1.ilr. Fi Owner shall
deposit with the Treaiurer the sum of Thirty Thousand Dollars ($30,000.00) to secure
ievegetation as required in the Final Plat of lronbridge Phase III, Filing l. In consideration of the
..*i-". fee payabli to the Treasurer, identified in Paragraph2, below, the Treasurer shall place the
funds in an interest bearing accountand disburse funds there from in accordance with the terms of
this Deposit Agreement. Such account shall be known as the "lronbridge Phase III, Filing I
Revegeiation Treasurer's Account" and shatl be subject to the terms and conditions of this Deposit
Agreement.
Z. Treasurer's_Service Fee. The Treasurer's service fee shall be, in accordance with
C.R.S. $ 30-l-102(l)G) as amended, one percent (1.0%) of the deposited funds, i.e., Three
HundreJ Dollars ($3!q-00). The service fee covers administrative costs incurred by the Treasurer
in distributing and ur.*rnting for the Ironbridge Phase III, Filing I Revegetation Revegetation
Treasurer's Account. Such fei shall be paid by Owner in cash or by check made payable to the
Garfreld County Treasurer, as identified in the "Receipt" section of this Deposit Agreement (page
TAr-*r-,-,
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5), on or before the date of execution of this Deposit Agreernent. The service fee is deemed to be
earned by the Treasurer upon execution of ihit D"posit Agreement. Interest earned on the
lronbridge Phase Ill, Filing 1 Revegetation Treasurer's Account shall be paid to Owner as part of
the singi! disbursement delailed in paragraph 3, below. The Treasurer shall thereafter provide to
Owneia report of interest earned, as requirld by state and federal tax law. Owner shall provide a
completed Form W-9 to the Treasurer at the time the deposit is rnade'
3. Disbursement Procedure. Disbursement from the lronbridge Phase III, Filing I
Revegetation Tr.urr*r', A..ount shall be made by the Treasurer upon the written direction of the
BOCC, as follows:
a. Request for Review and Approval. Upon complying with the two-year
revegetation r"quir.r.rrt" Owner shall obtain written approval from the Garfield County
Vegetation Management Department of the required revegetation work.
b. Deficiencies. If the Garfield County Vegetation Management Department
refuses upproud of th. success of revegetation, the Garfield County Vegetation
Managemint Department shall provide written notice of deficiency in substantial
"o*pilunr. with ihe provisions of the Final Plat of Ironbridge Phase lll, Filing I and
Owner shall correct the identified deficiencies.
c. Sinele Request for Disbursement. This Deposit Agreement does not
provide fo, .uffiir" Jifrul rrl.ases or disbursernents from the Ironbridge Phase lll,
biting I Revegetation Revegetation Treasurer's Account. One (1) final disbursement shall
be rJquested iy Owne., up* completion of Revegetation. Owner specifically recognizes
and agrees that partial releases are not allowed.
d. Request for Disbursement/Release. Owner shall request disbursement by
means of a written "Requ"st fo. Dirbursement," addressed to the BOCC and delivered to
the Garfield County Suilding and Planning Departrnent. The Request for Disbursement
shall be u.ro-punird by an approval statement from the Garfield County Vegetation
Managernent DePartment.
e. BOCC,s Acknowledgment and Direction. Upon review of the submittals
required Uy fu.ugfupt f n, aUove, if tl're BOCC approves the statement from the Garfield
County Vegetati[n i\4unug"rn.nt Department, the BOCC shatl issue its "Acknowledgment
of Satisfaction and Direction to Treasurer", in a form substantially similar to that document
attached to and incorporated herein by ref,erence as Exhibit l.
f. BOCC's Completion of Revegetation. If, in the sole discretion of the
BOCC, the Owner'r *".g"t"tl"n success is deemed unsatisfactory within the period of
tirne defined in Paragruph 4, below, or if the BOCC determines that Owner will not or
cannot complete ttre ivigetation under the Final Plat of Ironbridge Phase III, Filing l, the
BOCC may withdr"* und employ from the Ironbridge Phase tll, Filing I Revegetation
Treasurer's Account such fundi as may be necessary to carry out the revegetation. If funds
are inadequate, responsibility to complete remaining Revegetation shall be that of the
Owner, nottt. BO-CC. tf th; BOCC elects to complete the Owner's revegetation work,
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expenditure on the effort shall be no more than the principal amount o-f Jhe lronbridge
Phase III, Filing I Revegetation Treasurer's Account, plus interest, if interest is due
Owner. If the cost of the revegetation to the BOCC is less than the amount available, the
BOCC shall return the overage to Owner within a reasonable period of tilne following
completion by the BOCC.
4. Term.. The term of this Deposit Agreement shall begin on the date of execution, as
defined below, and end on or before two years following approval of the Final Plat of Ironbridge
phase III, Filing 1. If Owner has failed to complete the Revegetation within this term, all funds
held under thiJ Agreement shall continue to be maintained by the Treasurer until needed for
completion of revegetation by the BOCC under Paragraph 3.f.
5. Waiver. Consent and Indemnity. Owner consents to the disbursement procedure
and other actions auttroiizeA and provided for by the terms of this Deposit Agreement. Owner
waives any claim against ttre BbCC, the Treasurer, their officers, employees, agents, and
contractors, on r.ro*t of each of their good faith performance of their obligations under this
Deposit Agreement. Owner shall defend, indemniff and hold harmless the BOCC, the Treasurer,
ttreir officers, employees, agents, and contractors from and against any claim made on account of
this Deposit Agreement.
6. Indemnification of Treasurer. Owner and the BOCC each shall mutually defend
indemniff and hold tfr" Tr.asurer harmless from any claim made. Owner and the BOCC each
waive any clairn against the Treasurer involving this Deposit Agreement, unless such claim is
premised upon the wanton and willful misconduct ofthe Treasurer.
7. Bindine Effect. This Deposit Agreement shall be binding on the successors and
assigns of att purti"*onO strull tenninate upon final disbursement of funds held by the Treasurer in
the Ironbridge Phase III, Filing I Revegetation Treasurer's Account.
8. Immunity. Nothing contained in this Deposit Agreement constitutes a waiver of
governmental immunity applicable to the BOCC under Colorado law.
g. No Aeency. The making and execution of this Deposit Agreement shall not be
deemed to create a partnership, joint venture, or agency or fiduciary relationship among the
panies.
I O. Integration. This Deposit Agreement constitutes the entire agreement among the
parties pertaining1o the rnethod of deposit and disbursement of the Ironbridge Phase III, Filing I
ilevegeiation Triasurer's Account. No supplernent, rnodification or amendment of this Deposit
AgreJrnent, other than changes as to notice information, shall be binding unless executed in
writing in a document of equal formality as this Deposit Agreement.
ll. Notices. Any notice required or permitted by this Deposit Agreement shall be
given in writing and shall be effective upon the date of delivery, or attempted delivery if delivery
i-s refused. Delivery shall be made in person, or by certified retum receipt requested U.S' Mail or
receipted delivery service to:
Illl lilfril',E H fl, fiUltt[ Fl'[h\I t I I I !ilt' IUil !lJ\ hi, ! I I t I
ReceotionH: 868312
{i'"?r 3PLZ P3: l 161 Eu'8""'F3!, 3 IBE"tEfl F r ELo couNTy co
If to County:
If to Owner:
Changes in address, phone number and identity of contact person(s) shall be made in
writing, and may be made without formal amendment of this Deposit Agreement.
WHEREFORE, the parties have caused this Deposit Agreement to be effective on the date
of execution by the BOCC, as beneficiary, noted below.
BOARD MISSIONERS
ATTEST:OF , COLORADO
DEPOSIT
GARFIELD COUNTY TREASURER
BOCC
c/o Comm unity DeveloPment
Attn: Director
108 8th Street, Fourth Floor
Glenwood Springs, CO 81601
Garfi eld County Treasurer
Karly Bagley
8th Street, Suite 204
Glenwood Springs, CO 81601
Blue Heron Properties, LLC
430 Ironbridge Drive
Glenwood Springs, CO 81601
(970)384-3986
BENEFICIARY:
f,:rt*sq
i sEA& !*#,
Karla
rttt Il1 h i"lllir,Jt ltilLtxlh llt /il ill t'il IM H il' I t flffi'l' ll ll I
g'"t?4l8if ?3;fl'au11lFB.";BB,tlEa"tEE,,ELDcouNryco
STATE OF COLORADO
COI.JNTY OF GARFIELD
The foregoing instrument was acknowledged
2015, by Blue Heron ProPerties, LLC
LLe, by tts l\4anager, James W. Light. Witness my hand official seal.
DEPOSITOR/OWNER:
BLUE HERON PROPERTIES, LLC, A
COLORADO LIMITED LIABILITY COMPANY
By its Manager, CLM Blue Heron rLLC, a
Colorado limited liability company
before me this ff ou, of
by its Manager, CLM Blue Heron,
RECEIPT
My commission expires , t l2-* lZAl,
CheckNo.
Cash
Fonn W-9:
Received
By:
Print Name:
Title:
Office of the Treasurer
Date:
;or
OFrD
JAN.
Form 1099 shall be sent to:
llll illtrl'$l{lt'ltll llrt lil+l'tTt Hll'llH,ll$,[v]' Il ll I
Receotionfl:868312
gd':lt'glz P3; I Ia I E r'8."' F3:, 3 I BE,. aEfl F r ELD couNry co
EXHIBIT 1
ACKNOWLEDGMENT OF SATISF"ACTION AND DIRECTION TO TREASURER
TREASURER'S DEPOSIT AGREEMENT
Recitals
l. Blue Heron Properties, LLC, a Colorado limited
2015 Garfield County Treasurer's Deposit Agreement with the
of Garfield County, Colorado ('BOCC') and the Treasurer
liability company, entered into a
Board of County 9o16is5ioqers
of Garfield County, Colorado
("Treasurer") dated and recorded on as Reception Number
of the Real Estate Records of the Garfield County Clerk and Recorder (
"Deposit Agreement").
2. Blue Heron Properties, LLC, has presented certification to
licensed engineer that construction of Improvements is final and/or written
Garfield County Vegetation Manager that revegetation is successful related
the Ironbridge Phase III, Filing 1.
the BOCC from a
approval from the
to the Final Plat of
Acknorvledgment
NOW THEREFORE, at the request of Blue Heron Properties, LLC, and in consideration
of the premises and the prior agreements contained in the Deposit Agreement the BOCC hereby:
l. acknowledges full satisfaction of the security requirements of the Final PIat of the
Ironbridge Phase lll, Filing 1;
2. authorizes disbursement of funds from the Ironbridge Phase III, Filing I
Treasurer's Account in the amount of $--.- resulting in a remaining balance of $ -0- ;
3. authorizes and directs the Treasurer to release the funds held
an authorized representative of Blue Heron
in the Treasurer's
rProperties, LLC,Account to
ATTEST:
Clerk to the Board
BOARD OF COLINTY COMMISSIONERS
OF GARFIELD COUNTY, COLORADO
By:
John Manin, Chairman
Date:
FINAL PI.AT
IRONBRIDGE PLAN}IED UNIT DEVELOPMENT-PHASE III
A RESI'BDIVISION OF FUIUEE DEVEI,OPXENT PIIASE ltr, OF TIIE AITE}IDED AI{D RESTATED FINAL PIAT OF INON BRIDGE PIIINNED I.,NIT DEI'ETOPIEIIT,
PIUSE 1 RECORDED IN ITIE GTNTMTO COT',NTY CLERK AND RECORDER,S OlTlCE AT RECEPI'ION NO. 054210.. SITUATD IN (rcVERNI{EM IO{E IO, 1I, 12, 15,
IC, 17, 2?, 23 AT{D 24 OT SEC'TION 1, TOTNSHF 7 SOUTE. RAXGE 69 TBSI OF THE SIxTlI PRINCIPAI, I{ERIDIAN, COT'NTY OT GARtr'IEID, STA1E OT COI.ORADO
SEEEf, I OF 6
I. AS A CO{UIO{ PRECEDENT TO lHE ISSJANCC OF A BU{.DNG PInIIT FOR AXY RESIO€NIIAL }IOUEXG UNIT, AX IIfACI fEE OF
'75O.OO
SHAIT BE
PAIO BY T}E Of,NER tr IHE LOT I}IffiEOF TO N€ GARFITI.O COJI{TY COI.I'UNITY OEVTIOPUENT DEPARIUTIT FOR R',BUC IRANST FAOU1IES AND
SERVICES IO BE PROVTOE:D BY THE ROAMNC FORK IRNST AUIHMTY.
2. AtI SNUCIURES LOCAIED I$]HIN IHE IRO{BRIOGE PUO S}I^I.I- HAIE IJ{GINETRED FOUNDAIIO{S BASEMTI-I':i S}IAII BE AI.IOYIED ONLY Vtf,IERE SAfE
AS DE1ERT'SiED BY A OJAURED GEOIEC1INICAL TXGD{ER.
3. pRtoR T0 ANy ACAVAltOllS, Alr Ur[.JTy COtaPAitES SHAtr BE NO',nRED Ffi A FIEIO L@AIION OF IHER RESPECIIIE UTIUTY U}{ES AND FAOUTIES.
,.. THERE SIIAI 8E A HNN'UM 20' SEIBACI< FROT' ENKHOI.ES FOR AlI STRUCruRES UNTISS xlNGANci{ TEASI'RES APPROVED BY A QUAIIFIED
GEOTEENrc^L EilOt€ER ARE INSIIIUTED,
5. AT OR PRIOR TO IHE CLOSNG OF E^CH LOl TIIHI}I IHE IRO{BRIOGE PUO, A W^I\ER OF CLAIYS AGAIXST GARF!E:I,.o COUNTY SH^U BE EXEC{,IIEO
aNo D€UIERED 10 lHE GARFTE|-D COrr}{Ty AJfl..olNG ANo Pt NNTNG oP^RIUENi BY EACH PURCH^SER/O|]ilER 0F THE PRoPERTY FOR ANY Al.l-
CLAT'S PBTAIT{II{G TO IHE FOLLOHNG:
A F(M{OANO{ BREAKS RES,LIINO FRO/ C0.IIPS&.E UNDEFLYITO GEOTOGY ANO HIGItrY PERIIEABII SOLS AIIO lHE ETFECTS OF
NRICAIING IIf GOLF COURSE ANO LAtt.IS
B. EREAXAGE OF POIiIO UNERS RESJLIING FR T UNDERLYilG H\oROCd'PACI\€ SOILS;
C. PO]IXIAL CROUNO SJBSOE}.ICE IN lHE YAJOftry G lHE AI..LI,VIAL FANS YNiME DEVELOPI'IXT IS PROPOSED RES;ULTING FR(II slNK
Hous. GRouNo RsuBNo Ai{o PTPTNG sorL olsso{-t Tro}{;
D, GRc|()ND SETIIIUENT AND SIJBSIO€NCE I'{ RESDT}IIIAL AREAS SJRROUNOI{G PONDS IIIIIII}I I}IE AII-UVAL FAN AREAS DUE TO S€\ERE
ytETlllc OF HYDROCOIPACTI\,I SOILS FROu PoND IIAXAGI-
6. AII COT'MO{ AREAS ARE O€SIGNAlED HIH T'{ R',BJC ACCESS U'II.JIY. IRRIGATIO'.I, AND DRAINAGE EASATENT.
7. 1RACT A IS DEgGNATED VttIH AN PUBUC P@ESTRIAN ACCESS, PlJruC ACCESS, UIIUTY, IRRGANO{, AND ORAII{AGE EASEII€NT.
E- A[ cosTs ANo ExpENs€s TNGJRRE] DURtNc l]E tNSTAt-LAno{, MAlr{rENANcE, RpAtR AND/oR REPLACfLEI{T 0F THE PUBUC RoADs DEDICAIED
}€REIX SHAIT BE BORNE BY THE PR@ERTY O*N8S ASSOCIAIIO'{ ANO NOT GARFIEI.D COUNTY.
9. OXNER(S) SHA.]_ BE RESPOilSE-E FoR rHE CI"EANING AND MATNIENANCE OF Y R0 DRAINS LOCATED 0N tHErR LOI
IO. AI.L DRAIT,IAGE STRUCTT'RES SHALI BE UAINTAII{€D BY 1I{ PROPERTY O$'€RS ASSOCIAIION IN ACCOROANCE SIH IHE PROVIgOT{S OF IHE.REVS|O{S OF NNAL ORAINAGE REPORT FOR IROi{ERDGE RJD PHASI Ji PREPARII' BY HIGII COI,NTRY E}TGIN€ERINO. INC. DAIE) JANUARY 3. 2007,
A C@Y OF TTHGH 9.IA[I BE IllAD€ AVAILABTE FOR INSPECI'IOSI AT A.I NHES BY I}I€ PROPERTY OVf,{ERS ASSOCIAIION.
11. CO|-ORAOO tS A 'Rtct{T TO FARM' STA1E PURSUA.IT TO C.R.S. 35-3-10r, ET SEO- L NooXiIERS, RE9oEI{TS AND VlgToRS UUSr BE PRFARS) TO
ACCTPI IHE ACNVIES SIGIIIS, SOUNOS AND SUEtIs tr GARFIT]..D CqJilTYS AGRIq,LIURAL OPERA'IO{S AS A NOfif'^L ANO NECISSARY ASPECT
cF UUNO IN A @(,NTY HTH A SIRO.IG RUiAL C'IARACTER At{D A HEALIHY RANC}III{G SICTOR . ALL TUSI BE PREPARSD IO ENCOJN'IER NOS€S,
OOOR. T'CHTS. IA'D, DUST, SUO<E C1{EI|CAIs| MACIID{TNY O{ PUEJC ROADS. UVfSTOCK O{ PU&JC RO^OS STMAGE
^ND
OISPOSA OF UANURE.
AND IH€ APPI-ICAIIoI{ BY SPRAYXG OR OIHEFVr|SE OF O€TlcA. FTTIIUzIXS, SOIL AUE{OUEXIS HTRBICIo€S A}IO PESTiCIDES ANY o}{E OR MORE
OF *TIICII I'AY NAN'RAIY OCC'IJR AS A PART f A IEGAL AND NON-NEGUCENT AGRIqJLTURAL OPERANO{S.
12. No oPEN I.EARTH soUD-FUa. ERIPLACES w.I BE AIoTED AIIYSIERE f,II.{N ru $,BOIVISIO{. ONE (1) NET SOI.JD-FUEL BURNING STO\E AS
DEFITGD BY c.R.s. 25-7-101, EI, SEO., AND lHE REGULAIIONS PROT.T,LGAIED THEREUNOER, Y,LL B€ AIOYTED IN A}IY OITEIJNO UNIT. AI.!
OViE-UI{G UNIIS TIILI BE AIOTED M UNRESIRIC1ED M'U8ER OF I.IATURAL GAS EURNINC STO!€S AND APPLIANCES.
13. A[T OTNERS Of, LANO, VITIEIHER RANCTT OR RESOETCE, HAIE OBUGAIOT.IS UNDER STATE t.AW ANO COUNTY REOI.JLAIIO}{S I91H REGARD TO THE
YAI}IIEilANC€ OF FENCES AND IRRIGA1ION DITO{ES. CO{TROTIII{G lrEE)S, KETPING U\f,SIOO(
^AD
P€IS UM)€R COillRO- UgNG PROPERTY IN
ACCORDANCE ITH ZO}IING, AND OIHER ASPECTS OF USNG A},ID IIAINTA,NING PROPERTY, R€SID€NIS AM) L,,\O Olti€RS ARE OICOURAGED TO LITRN
ABOJT'IHESE RIGHTS AND RESPONSBUNES AND ACT AS GO(x) NEGHB@S ANO OIIZENS OF 116 COI'NTY. A GOOO INIROOUCTORY SOt'RCt FOR
Stlc+I II{FORIA'NO{ IS .A GUI'E
'O
RURAL UIII{G AID SflA[ SC^T AGRICULIURf PUT Ot,T BY THE COLMADO STAIE UNIIERSITY EX]E{gON
OFFICE ItI GARFIEI.O COI'NW.
t,+. A,f EXIERIOR UO.{llNG ltltl BE IHE MlNlillrl I*4OUiIT NECESS RY AND lLL EXIERIOR UGHnNG rUI BE OIRECIMiIW R0 AND OOltr{UARO TOW ROS
I}E IN]IMOR OF lHE SUBOIIISIOi{. EXCEPT il^T PROV9OI{S MAY BE MADE TO A[TOW FOR SAfETY UGfITING THAT @ES BEYoIID IHE PROPERTY
oouNoARrEs.
15. o.iE (1) OOG lstr BE A|LOTED FOR €ACH RESTOOTTIAL UMr AND rHE DOC SfiAl- BE REQTJIREo IO BE CoNFri.rED hlTHrN IHE Olt{ER'S PRoP€RIY
BOJiOARES.
16.'I}ERE ARE POIT}IIIAL RIS(S CCr.ICERI'II}IG STTITfI'ENT FROI' CO.IAPSEI.E SOLS ANO RSr( OF SPOITANEOJS CNOUNO OPENINGS RELAIED TO
EV^PORIIE XARST PHENOIT${A
17. Col{SIRUCno.i cl.{ LOT 2{ tS UU|IEI) TO slNGL.E SIoRY DEvE-OPME,II ANO 9{All AE Col.lSrFUClEo N CoSPUAIICE WrH IHE RE!iSE0 USt AL
ITIPAC' S1UOY COMPTETTD BY NORRIS DESd{, OAITD l,,AY b@,2OO7.
IA. DEV&oPYE|{T IYUHI'{.PqASE III. FIUNG 1 IS ST,B.[CT IO 1}€ TEXT'S T'{o CO}IOIIoI{S OF ]HE slJBTXVIslON IT'PRO\EMENTS AGREEMENT RECOROCD AT
REcEpIoa{ No. frldjlv . ANo rHE AfFoRDABT.E HoJslNc AGfiEoTENT RECoRDED AT REcEplloN No.
---
. rN rHE
RECGDS OF IHE G^RFIELD COUNTY CLERK At{D RECORDERS OfTICE.
ari;l.Lr!.-:l
EEOULIOLEASIETISl' IHERE $IALL BE A JO FOOT EASEUENT FOR UIIUTIES ANo DRAINAGE ALO.Io IHE rnol'lT LOT UNES OF LoTS I - 15, 25 - 26, ANo 45 - 81.
2- lH€RE S{ALT B€ A 25 FOOT EASEMENT FOR U1IUTIES ilO DRAINAGE ALOI{G nlE FROilT LOT LINES OF LOIS 2S - 42.
5. ]HERE STI^tr BE A 40 FOOT EASIIIENT FOR UIIUTES AND ORAINAGE
^Lo|IG
IHE FROI{I LOT UNES Of LOTS 16 - 21 NIO 27 . 24.
STDE YARD EASIUANTSi iHERE SHALL 8E A 10 FOOT EASEMENT FOR UTIUTIES At{O DRAINAOE ALO{O THE gOE LOI I.INES OF LOTS I - 15 AND 29 - 61.
2. THERE SIIALL BE A 25 FOOT EASEIJENT FOR dIUNES TXO DRAINAG€ ALONG lHE SOE LOT UNES OF LOTS 16 - 20.
S. THEEE STIA.T EE A 30 FOOT EASEMEJ'IT FOR UruIES AND ORAINAGE ALO{C ITiE SIDE LOT TINES Of LOTS 2I - 2E.
REAR YARO EASEIIENB
1! f,ENE $AI,J. BE A 20 FOOT EASEUTTT FOR UIILITIES AND DRAINAG€ ALOT{G lHE RE^R LOT UNES OF AI LOTS EXCEPTII{G LOTS 16 IHROUGIi 26
T}IERE I}IE REAR EASEYETTS ARE VARIABI.I.
:=' : t a'a ?,..> -:;'.) ): :.
I. OAIE OF IHIS SURICY WAS AUdJST ANO SEP]EX4R OF 2015.
2. EAslS OF BEARINGS FOR 'IHIS SUR\E/ IS A BEARING OF t{ 88OA'24 W, BETIEEN IHE SOUilYIESI CORNER OF SECNO{ I, A BI."II BRASS CAP NO
IHf NMIH OIJARIER CORNER OF SICTIO}I 12, A B.II BRASS CAP. BOIH FOTJNO IN PLACE.
5. IHIS $'RVEY IS BASED ON EXS1ING SECNO{ @RNERS AND PROPERTY COR}IERS FOJNO IN PLACE AS SHOIil, A PLAT Of J.V ROSE PROPERTY
(T^nd RAlior) As PREPARED By SCARROW ANo rv LxEn, oAIED ,lrNE 1967, lHE AIEND€D ANg EES!^r!q FNAL PL T (F rRoNBftroCE PLANNB) l,NlT
OE\,ELOPIE{T P'HASE I REC@OS) .ln€ 16, 2oo,+ AS RECIPIIoN t{0. 65{210 Af{D OIHER OoCUMB{TS Of RECoRD.
{. orNEn,/AppL}cANT - BLUE HERO{ pRoptnllEs, LtC, A Co|-ORADO UtarrED UAETUTY COTPANY, 4JO rRo+lmocE DRI\rE G[E{WOOO SPRNCq
coloR^otlJ a6ot, (s7o) 3atso63o.
5. THE TtTrr cOr.rrLENr w^s PREP^RED Eylararll.-4i- or anrCl- Zplr
U
NOIICE ACTGU}IG TO COLORADO LAW YOiJ iIUST COTIEI{CE
^}IY
I.IG,|(
ACN$I BASED UFfi A'{Y DEfECT IN IHIS SUR\EY ITHN 1HREE \fARS
AFIIN Yl!,J ERST OSCOIEi gJC}I DEFECT. IN I'IO E\ENT MAY ANY ACI'IO'
_ j. f l-. -a-: . -:=.-,.:- '-li- I!: . ,',r'--fJ:
IHE Ui{D€RSGiED BLUE HERO{ PREEXIES, lIC, A COLORADO LMIED UAEUTY COTPANY, BEINC SOII OTI}{ER IN FEE sl|
PBOPENW gruAlED II{ GARFIEII' Cq.,,NTY. OESCRIEED
^S
FOI]OUS
A PARCEL OF L ND SIUA1ED N GOyT LOIS 10, rr,'2,t5,t6. 17, 22, 2t,21, 28, b Ar{D !0 0f SECIIOil r, ANo [{ GOV
AND 16 OF SECNON IZ IOTisHlP 7 SdJIH, RANGE IO llEST tr IHE SIXIH PRINCIP^L I#RDIAN. CAJNTY OF OARflELD, :
PARCEL BEII{G MOR€ PARIIC{'LARLY I'ESCRIE€D AS FOI.IOTS:
FUII,RE O€\'BOPUENT PHASE III OF IHE AT'ENOE' ANO RESTAIEO NNA PLAT OF IRONSRIOCE PLANT{EI) UNIT DEIELOPYEN
oARFrEt-o corJNTy cr.lRx AND FECof,I)ER'S SrlCE AT RECEPIIO{ NO. 654210.
CO}.ITAII{NG 45.2E9 ACRES T'ORE OR ESS. TiA!E CAUSA) IHE OESCRAED REAL PROPERTY IO E STJRYE]€D. LAD Ot.,I, T
LOIS Ar{0 ELOCI(S AS 9{Olf,{ Oil l}ts PL T ut{OER l}€ NAIIE ArD STitE OF lRffi mm t.}{T OE\ElOPvsT F
C^RNEI.o, ST^IE OF COLORADO. IHE OH{€R DOES HEREEY DCI)ICAIE AND SET AP^RT A[ Of THE SIREEIS AXD ROADS
ACIoI/P^NYI{G PLAT TO IHE USE OF THE A'g.JC FOREVER, AM' }CREBY I)IDIC^IES IO E.I.I€ HERO{ PR@ERIEq [C N
PROftNTY ttIrcH ARE LAEIID
^s
UruW EAST}'B{IS oti lHE ACCOI'PANYI{G PTAT AS PCNPEUAL EASETTEN]S FOR IHE
OF UNUIES' IRRICA1ION ANO ORAhIAG€ FAOUII€S NCLUUNq BJT TOT U$IED TO, A.ECIRIC UXES, GAS UNES AND IE.€
RIGI{T TO TRIU IHIBFIfIT{G IRtIS AAIO BiUSH, f,IIH PERPEIUAL RIGHT OF ITIGRESS AT{O EGR€SS FM IISTAIIAIIOT'I AND
SUCH EASEYENT At{D RIGTITS SIIAI g€ UIIUzED IN A R€ASO}IAa.E AT{) Pf,t.OA.IT UANI{I. AI EXP€NSE FOR STREET F
B€ FURNISTIED BY lHE SAIER G PURCH^SER, NOI tsY THE CqJilTY OF GARNEI.O.
ExEcutm rxrs lfr o^r 6s S.lLnb.r
^.D.,
zoLE
8s, 6.-. Ha..?ll,z.ag*,.u b. . b'vtfu .-* qt ltnf t
Oli{ER: BLUEHERO{enOemneffi
ADORESS 43O IRO{BRIDGE DRI\,E
GttNrooo sPRrlrcg c! E160r
sr rE oF co{-oRAoo )
CdJNTY OF GARflEI,.D)
THE F4i€GONG ffinFrrATE.OF OIDCAIION AND O*,rERSH|P WAS AC(NO*rIDCID AEFORI rrE rXrS th OrV Or ]
9Y o
vY corMrssro..r EFltffis. a ltolaolT
VICINITY MAP
9E t'- 2d
-?nA!E-l!rKElMAl-ru l'- lod
UINESS
lllc;.-,Etffi
I, KARL J. HANLoN, AN AITOR)IEY UCAn$D TO PRACTICI LAVI r'l ,f STAIE 0F CoLORAOO, m AGENT AUIHORIZE) BY ,
DO HEREBY CIITIFY IHAT I HA\iE D(AII}IED IHE I!I1T TO AT.L I.I'{DS SHOtrN UPO{ 1I{S PLAI AiO IHAT IIITE TO SUctI
HERON PR@ERIES, L!C, FREI AND CtE R 0F
^l'r
rJENS ANO EilCr,r€RANCES (|NCLUO6}0 XoRIG^oES D€EDS 0f IRUSI,
Coi{TRACTS AND AGRErrAnIs 0f RECORD AFFECTING IHE REAL PReERTY rt{ IH|S PLAT), O(CEPT
^S
FO(LO*S Boo( r
BOOK 92 AT 326; BOOK 1O2 AT fi1i B0ol( 7 Ar 115 ANo RECEPIIO{ 72@r 8OO( 521 AT 15E; Boo( 1067 AT E6i
1396 AT 96q BOot( fl53 Af 911,922 B@( 356 AT 6+ 800t( 1206 AT 629, 6:17, 640, 73.a, 74a, 76q B{fi 121:
Bool( 1335 AT E55; 80O( 1596 AT A7l; BOOI( 11.+7 AT 644; BOOK 1646 AT J; Boo( 1622 AT 2E5, 25O ANo RECEP
745; BOOK 1560 AT ,431; Bffx 1565
^T
60q RECEPIIoI{ 6542lq BOo{( 1655 AT 95q RECEPTOil 7o242G Bool(
72997a; RECEPTIOI{ 6,rota5; RECEPIoi{ E+7515; RECEPnO{ E€O,+2.
D^rED lHrs 1L o^, or- S?*a*h- q-- aD., 2qlF
ilil r.rrt-iir :ii lli,f-zi::ir.I. NIE UNDERSGilED, OO HERTBY C€RIIFY ]HAT IHE ENTIR€ AIIOUNT T TAXES A''ID ASSESSIIENIS DUE AND PAYAELE A
uPoN
^r.I
P^RctIs * *.^. rTllrllTrB€0 o'r lHrs PLAT
^REP^ro]r{
Fr,L Ro{lflt
*il ,,,n, ,iltpiti'o,,.o-I"r:rr.i il^Hoi .orNry co.r)lsoil
A.O., MI'- FOR FIUNG YIIIH ITIE OTR< ANO RECORDA OF\
Sl{OVit'l HEREON, SUB.ICT TO .l}lE PRO\19ON IHAT APPSOVA! lt{
IUPRO\EUEIIITS ol.I LANOS, PUBUC ROADS HIGHWAYS OR EASEU€
G^RFrtlO COTJNTY. CoLoRADo, lBE:@-: DAY
COJNTY ANO FOR COil\EYANCT TO IHE COt'NI
FOR II{E RNAilC
N
$
!l',!:ri it
l. J llES LATERN Ro€E
P.0.80x 1240
RntE, coroR^Do 8t602
z trsIBANK RANCII,I LrD.
235 OAX LANE
Guxso@ sPRrNGs, co-oR^Do Er6o1
3- UNIIED STAIES OF AUERICA
c,/0 BUREAU 0F [-ANO MANAGEMIIIT
P.O. BOX rO09
GtfN@D SPRINGS, @ E',160!
(1,!Vl\:j 1:
4. ESTAIE 0f JOHr.r C. BGT.EY
(oEcE^sED)
5. EST^IE OF PHIL T. RIONEY
(D€C€ASED)
6, VII.IJAI WALIEX GENIRY
A(.A. trruIAT GBTIRY
OF Cot,NTY COU$ISSIONERS BY gJASEQIJENT RESOIUNoI{. ]HIS APPRC
R€PAIR OR MAINIB{ANCE OF PUBI.,C ROADS. HIG+IIVA\S OR ANY OIHER
as sPEctflcru
GARNELO CqJN
m:glE'npJsfEleeEgr'%E*ff ,ss,L'ffiRi$sEH,HilL^"&if 3v-
SHEEIEDEX
SHEETL PAT-SIGNATUEES
SHEET2 PI'JT-PHASING
SHEET 3 PUT _ CURVE TABI,E
SHEM4 PUT_LOTS
SHEETS PUT-LOTS
SHEETo PAT-LOTS
!c.E.e.!i-1- -.EF: ; i:, l, 1 I i::':i
I, RODNEY P. KISER, DO H€RESY CSRIFY T{AI I Ail A PROFESSIONAI. LANO g.,RVEYOR TJCENS€D UNDER 'THE LAYIS OF 'I
lI.iIS PLAT IS A IRUE, CORRECT AND C!i4PTI'IE PLAT OF, IROi{BRIOG€ PTANNED I'NIT O€\'ELOPI'EXT PHASE III, AS LAID (
g{OTN HEREON, IHAT g,CH PLAT WAS MAO€ FROI AN ACCURAII S,,R!EY Of SAIO Pf,OPMTY BY I[, OR UNDER UY g
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O712112415 l2:5@: 18 PM Jean AlbericoI of 3 Reo Feerg@.O@ Doc Fee;O.@O GRRFIELD COUNTY C0
STATE OF COLORADO
County of Garfield
Kelly Cave
At a regular meeting of the Board of County Commissioners for Garfield County,
Colorado, held in the Commissioners'Meeting Room, Garfield County PlaaaBuilding, in
Glenwood Springs on Monday, the 20ft day of July, 2015, there were present:
)
)ss
)
John Martin . Commi ssioner Chairman
iommissionerMike Samson .' , u
Tom Jankovskv , Commissioner
. Actins Countv ManaserKevin Batchelder
Tari Williams Acting County Attorney
Assistant County Attorney
Jean Alberico , Clerk of the Board
when the following proceedings, among others were had and done, to-wit:
RESoLUTIoN No. 4O15-37
A RESOLUTION CONCERNED WITH THE APPROVAL OF AN EXTENSION FOR
IRONBRIDGE, PHASE Itr PRELIMINARY PLAN LOCATED WITHIN TFM
IRONBRIDGE PUD ON A PARCEL OWNED BY BLUE HERON PROPERTIES,
LLC, GARFIELD COUNTY
PARCEL NO. 2395-Ot2-26-O0t
RecitaLq
A. Garfield County is a legal and political subdivision of the State of Colorado for
which the Board of County Commissioners (Board) is authorized to act.
B. On 5rH day of August, 2013, the Board of County Commissioners (the Board)
opened a public meeting upon the question of whether the extension to frle a Final Plat
should be granted, granted with conditions, or denied at which meeting the public and
interested persons were given the opportunity to express their opinions regarding the issuance
of said extension.
C. The Board acted on the basis of Substantial competent evidence produced at the
aforementioned meeting.
D. The Preliminary Plan for the "honbridge, Phase III" subdivision was approved
by the Board on the day of March 10, 2008 under Resolution No. 2008-42 for real
property currently owned by Blue Heron Properties, LLC, Garfield County, Colorado.
llll il,r tr t tr ltfl Ul l,Fhrr.l\l{rL } ll L lHhfl r H,l,htrll t{'l, I I ll IRecept ion$ : 865683
Q7 12f12@15 l2:5@:18 Pttl Jean Alberico2 of 3 Reo Fee:90.@@ Doc Fee:@.00 ennf-fEUO COUNTY CO
E. In accordance with the Garfield County Land Use Resolution of 2008, as
amended, and the Preliminary Plan approval for "konbridge, Phase III" subdivision, the
Applicant is required to file a Technically Complete Final Plat application prior to March
10,2009.
F. The Board considered a one-year extension of the Preliminary Plan at a Public
Meeting held on March 2,2009 and approved a one year extension to file a Technically
Complete Final Plat to March 10, 2010.
G. The Board considered a one-year extension of the Preliminary Plan at a Public
Meeting held on June 7, 2010 and approved a one year extension to file a Technically
Complete Final Plat to March lO,2Ol1 as memorialized in Resolution20lO-44.
H. The Board considered a two year extension of the Preliminary Plan at a Public
Meeting held on February 7, 2Ol1 and approved a two year extension to file a
Technically Complete Final Plat to March 10, 2013 as memorialized in Resolution 20lt-
09.
I. The Board considered a two year extension of the Preliminary Plan at a Public
Meeting held on August 5,2013 and approved a two year extension to file a Technically
Complete Final Plat to March 10, 2015 as memorialized in Resolution 2013-49.
J. The Applicant has determined to plat the lots contained in the Phase III
Preliminary Plan into two separate filings, therefore a valid Preliminary Plan must be in
place until such time as a technically complete final plat has been submitted for all of the
lots proposed in the Preliminary Pian.
K. The LUDC authorizes the Board to consider extension of an expired
Preliminary Plan in Section 4-101 (I)(4) upon a finding by that the failure to file an
extension was due to extenuating circumstances and that it benefits the public interest to
grant the extension.
L. The Board considered an extension of the Preliminary Plan to July l, 2076 at a
Public Meeting held on July 20, 2015 and found that extenuating circumstances did exist
in the failure to request the necessary extension and that an additional extension would
benefit the public interest.
Resolution
NOW, THEREFORE, BE IT RESOLVED by the Board of County
Commissioners of Garfield County, Colorado, that:
The forgoing Recitals are incorporated by this reference as part of this Resolution.
The request for an extension of the honbridge Phase III Preliminary PIan shall be
A,
B.
lll tllt tHt l'lill Fll{ h{ t ttrlJfill I Ellllt' ll'fr| il'Ihl' II ll I
Receot ion$ : 865583
97t21'!2@15 l2:50:18 PPI Jean Rlberico5'i,7'i-nec FAe'$0.00 Doc Fea:o.o@ G9RFIELD COUNTY co
approved to July 1,2016.
C. The public meeting before the Board of County Commissioners was extensive
and complete; all pertinent facts, matters and issues were submitted; and all
interested parties were heard at that hearing.
D. The requested extension is in the best interest of the health, safety and welfare of
the citizens of Garfield County.
1L4^'-
Dated this du dav of J rrl^ . A.D. 2015.:--l-.
ATTEST: GARMLD COI.JNTY
COUNTY, COLORADO
GARFIELD
of the Board
Upon motion duly made and
following vote:
the
STATE OF COLORADO
County of Garfield
County Clerk and ex-officio Clerk of the Board of
County Commissioners in and for the County and State aforesaid do hereby certify that
the annexed and foregoing Resolution is truly copied from the Records of the Proceeding
of the Board of County Commissioners for said Garfield County, now in my office..
IN WITNESS WIIEREOF, I have hereunto set my hand and affixed the seal of said
County, at Glenwood Springs, this
-
day of A.D.2015
County Clerk and ex-officio Clerk of the Board of County Commissioners
)
)ss
)
K*
IRONBRIDGE ST]BDIVTSION
AFFORDABLE HOUSING PLAII PURSUAI\T TO LUDC 8.201
PHASE III _ IRONBRIDGE PUD
l. LOCATION (8-201.4.1). Phase III of the Ironbridge PUD
either onsite or offsite affordable housing pursuant to Resolution 2008-42.
Owner is designating six (6) lots in Phase III, Filing I for affordable housing
including the future Filing 2. Lots designated arc 29,42, 58,59,60 and 61.
2. NUMBER AND MIX OF UNITS (8-201.A.3).
4.
bedroom
Phase III,
5.
Free Market Lots: Sixty-one (61) (including both Phase III, Filing I and2)
Affordable Units (8-301.A): Six (6)
Minimum bedrooms required (8-301 .B): 6 x 2.6 : 15.6
15.6+1.5:10.4
Mix of Units: Detached two (2) or three (3) bedroom Units
3. SCHEDULE FOR CONSTRUCTION (8-201.4.3). Timing is controlled by the
LUDC and is anticipated to coincide with Building Permit issuance unless security is provided to
ensure completion. Owner will comply with to Resolution 2008-42, which requires construction
of affordable units equal to l\Yo of the unrestricted units which have been sold, or made
available for sale.
a.
b.
c.
was approved for
At this time the
for all ofPhase III
i4'oi &*1 ,$yp1e
OF DEED RESTRICTION (8-201.A.6). The then current County
restriction will be used at the time of sale of the affordable housing units.
UNITS BY CATBGORY (S-201.A.4). Six (6) detached two (2) ot three (3)
units with a minimum square footage of 950 sq. ft. Lot size will be as shown on the
Filing I Final Plat.
PROPOSED HOA DUES (8-201.A.5). As the exact timing of construction is
unknown and the Ironbridge IPOA may have changes to their current fee structure the exact
HOA fees are unknown. However, HOA fees will be consistent with LUDC $ 8-302(5) which
limits the maximum amount to either a prorated portion of the free market dues, or 75%o of ftee
market if proration is not possible. Current IPOA fees including Ironbridge Club-dues are,
$329.00 per month.
6, FORM
approved form ofdeed
(r,tr@"*
AW
7. FINANCIAL SECRUITY (8-201.A.8). The form of SIA provided by the
County Attorney includes Security for affordable housing. The Owner proposes that the
financial security associated with the affordable units be separate from the SIA and attached to
the final Affordable Housing Agreement as approved by the
-nocc.fu
NF_ +!Xa COf,l
8. OFFSITE AFFORDABLE HOUSING (S-201.A.9). The Ironbridge Phase'ItI
Preliminary Plan approved either onsite or offsite affordable housing for this Phase pursuant to
Resolution 2OO4-20. Currently there are twenty-four Q$ Units constructed and occupied in the
Ironbridge PUD making it one of the largest single contributors of affordable housing in Garfield
County Planning Area l. As noted in I above onsite lots are being designated for affordable
housing.
g. COMPLIANCE WITH AFFORDABLE HOUSING GUIDELINES (8-
201.A.10). Owner intends to fully comply with the Garfield County Housing Authority
Guidelines. Owner has worked closely with GCHA on Phase II affordable unit sales and is
familiar with the regulations and process.
Arp fpctNohreAP.te>
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Receotion$:868310gstzitzg1s 03: 17: 15 Pl'l Jean Albericoi-i,i-zi-nec-Fi6iig-oo ooc Fee:0.00 GnRFIELo cout'lTY co
TI_IIS IRONBRIDGE SUBDIVISI
made and entered into this d/r"aay of i 2015, by and between BLUE
HERON PROPERTIES, LLC ("Owner") and the BOARD OF COUNTY COMMISSIONERS
OF GARFIELD COUNTY, COLORADO, acting for the County of Garfield ("County''), State of
Colorado, as a body politic and corporate, directly or through its authorized representatives and
agents ("BOCC").
Recitals
L Owner is the owner and developer of the lronbridge Subdivision (the
"subdivision"), which property is depicted on the Final Plat of Ironbridge Subdivision, Phase IIl,
Filing I ("Final Plat"). The real ploperty subject to this SIA is described in that Final Plat,
recorded at Reception Number 868 2O? in the Clerk and Recorder's records of
Garfield County, Colorado und in.o.po*t.d bffiis ,eference.
2. On December 10, 2007, the BOCC, by Resolution No. 2A0842, recorded at
Reception Number 746338 of the real estate records of Garfield County, Colorado and
incorporated by this reference, approved a preliminary plan for the Subdivision which, among
other things, would create sixty-one (61) single-family, and open space/common area parcels
("Prel im inary Plan Approval").
3. As a condition precedent to the approval of the Final Plat subrnitted to the BOCC
as required by the laws of the State of Colorado and by the Garfield County Land Use and
Development Code of 2013, as arnended ("LUDC"), Owner wishes to enter into this SIA with
the BOCC.
4. Owner has agreed to execute and deliver security in a fonn satisfactory to the
BOCC to secure and guarantee Owner's perfonnance under this Agreement and has agreed to
certain restrictions and conditions regarding the sale of properties and issuance of building
permits and certificates of occupancy within the subdivision as more fully set forth below.
5. Owner represents that at the time of recording this SIA, all taxes and assessments
upon all parcels of real estate described in the Final Plat are paid in full.
NOW, TFIEREFORE, in consideration of the foregoing recitals and the mutual covenants
and promises contained herein, the BOCC and Owner ("Pafties") agree as follows:
Agreement
l. FINAL PLAT APPROVAL. The BOCC hereby accepts and approves the Final
Plat on the date set forth above, subject to the terms and conditions of this SIA, the Prelirninary
Plan Approval, and the requirements of the LUDC and any other govemmental or quasi-
governrnental regulations applicable to the Subdivision ("Final Plat Approval"). Recording of
IRONBRIDGE SUBDIVISION
IM PROVEMENTS AGRE EMENT
ON IMPROVEMENTS AGREEMENT ("SIA") is
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the Final Plat in the records of the Garfield County Clerk and Recorder shall be in accordance
with this SLA and at the time prescribed herein.
2. OWNER'S PEIIJORMANCD AS TO SUBDIVISION IMPROVEMENTS.
a. Completion Date/Substantial Conuiljance. Except as otherwise provided
in this SIA with regard to the Affordable Housing Units (as hereinafter defined), Owner
shall cause to be constructed and installed the subdivision improvements, identified in the
Exhibits defined in subparagraph 2.a.i, below ("Subdivision Improvements") at Owner's
expense. including payment of fees required by the County and/or other govemmental
and quasi-govemmental entities with regulatory jurisdiction over the Subdivision. The
Subdivision lmprovements shall be completed on or before the end of the first full year
following execution of this SIA ("Completion Date"), in substantial compliance with the
following:
i. Plans marked "Approved for Construction" for all Subdivision
Improvements prepared by High Country Engineering and submitted to the
BOCC on s.c,rt. z t r 2015, such plans being surnmarized in the list of
drawings attach'ed to and made a part of this SIA by reference as Exhibit A; and
the estimate of cost of completion, certified by and bearing the starnp of Owner's
professional engineer licensed in the State of Colorado ("Owner's Engineef'),
attached to and made a part of this SIA by reference as Exhibit B, which estimate
shall include an additional ten (10) percent of the total for contingencies
(col lectively the "Cost Estimate");
ii. All requirernents of the Preliminary Plan Approval;
iii. All laws, regulations, orders, resolutions and requirements of the
County and all special districts and any other governmental entity or quasi-
governmental authority with jurisdiction; and
iv. The provisions of this SIA and all other documentation required to
be submitted along with the Final Plat under pertinent sections of the LUDC
("Final Plat Documents").
Notwithstanding anything to the contrary contained in this SIA, the timing requirements and
criteria for substantial completion of the Affordable Housing Units shall be as set forth in
paragraph 4 below.
b. Satisfaqlion gf Subdlvlslon Improvements Provisions. The BOCC agrees
that (l) if all Subdivision lmprovements are constructed and installed in accordance with
this paragraph 2; (2) the record drawings have been submitted upon completion of the
Subdivision Improvements, as detailed in paragraph 3(h), below; and (3) all other
requirements of this SIA have been met, then the Owner shall be deemed to have satisfied
all terms and conditions of the Prelirninary Plan Approval, the Final Plat Documents and
the LUDC, with respect to the installation of Subdivision Improvements.
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3. SECURITY FOR
REVEGETATTON).
SUBDIYTSTON TMPROVEMENTS (EXCEPT
a. Subdivision Imorovements Security and Substitute Collateral. As security
for Owner's obligation to complete the Subdivision Improvements Owner shall deliver to
the BOCC, on or before the date of recording of the Final Plat, a form of security deemed
adequate by the BOCC and payable to the County, aftached to and incorporated in this
SIA by reference as Exhibit C ("Security"). The Security shall be in the amount equal to
the Cost Estirnate. The Security shall be valid fora minimum of six (6) months beyond
the Completion Date (the "Expiration Date").
b. Security Requi[eEgnts and Plat Recording. The Final Plat shall not be
recorded until the Security has been received by the County and approved by the BOCC.
c. Extension of Expiration Date. If the Completion Date is extended by a
written amendment to this SIA, the time period for the validity of the Security shall be
similarly extended by the Owner. For each individual extension that is in excess of six
(6) months, at the sole option of the BOCC, the cost of completion of the remaining
Subdivision lmprovetnents shall be subject to re-certification by Owner's engineer and
review by the BOCC. To the extent the cost of cornpletion of the Subdivision
Improvements, plus an additional ten percent (10%) of such cost for contingencies,
differs from the face amount of the remaining Security, the arnount of such Security shall
be adjusted upwards or downwards, as appropriate.
d. Unenforceable Security. Should the Security expire or become void or
unenforceable for any reason prior to the BOCC's approval of Owner's engineer's
certification of completion of the Subdivision Improvements or, with regard to the
Affordable Housing Units, prior to the issuance of a certificate of occupancy for the last
Affordable Housing Unit required per this SIA, including bankruptcy of the Owner or the
financial institution issuing or confinning the Security, this SIA shall be voidable by
action of the BOCC and, upon such action, this SIA shall be of no further force and effect
and the Final Plat shall be vacated pursuant to the tenns of this SlA.
e. Partial Releases of Security. Owner may request partial releases of the
Security, and shall do so by means of submission to the BOCC of a "Written Request for
Partial Releaseof Security," in the form attached to and incorporated bythis referenceas
Exhibit D, accompanied by the Owner's engineer's stamped ceftificate of partial
completion of improvements. The Owner's engineer's seal shall certify that the
Subdivision Improvements have been constructed in accordance with the requirements of
this SIA, including all Final Plat Documents and the applicable provisions of the
Preliminary PIan. The BOCC shall authorize successive releases of portions of the face
amount of the Security as portions of the Subdivision Improvements are certified as
complete in the manner set forth in this subparagraph 3.e and to the satisfaction of the
BOCC. Notwithstanding anything to the contrary contained in this SlA, including,
without limitation, the BOCC's rights of investigation established by this paragraph 3.
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f. BOCC's Investiqation. Notwithstanding the foregoing, upon submission
of the Owner's Written Request for Partial Release of Security, along with Owner's
engineer's certificate of partial completion of improvements, the BOCC may review the
certification and the Preliminary Plan, and may inspect and review the Subdivision
Improvernents certified as complete to detennine whether or not they have been
constructed in compliance with relevant specifications, as follows:
i. If no letter of potential deficiency or detennination that applicable
requirements of the Preliminary Plan have not been satisfied is furnished to
Owner and the Escrow Holder by the BOCC within fifteen (15) calendar days of
submission of Owner's Written Request for Partial (or Full) Release of Security,
accompanied by Owner's engineer's certificate of partial completion of
improvements, all Subdivision Improvements certified as complete shall be
deemed approved by the BOCC, and within three (3) business days of such
improvements being deerned complete, the security shall be released to the Owner
in the amount provided in the Written Request for Partial (or Full) Release of
Security.
ii. If the BOCC chooses to inspect and determines that all or a portion
of the Subdivision Improvements cerlified as complete are not in compliance with
the relevant specifications or that applicable requirements of the Preliminary Plan
have not been met, the BOCC shall furnish a letter of potential deficiency to the
Owner, within fifteen (15) calendar days of submission of OwneCs Written
Request for Partial Release of Security.
iii. If a letter of potential deficiency is issued identifying a portion of
the certified Subdivision Improvements as potentially deficient and there are no
outstanding requirements of the Preliminary Plan that are applicable to the subject
improvements, then all Subdivision Improvements not identified as potentially
deficient shall be deemed approved by the BOCC, and the BOCC shall authorize
in writing release of the arnount of Security related to the Subdivision
lmprovements certified as complete and not identified as potentially deficient.
iv. With respect to Subdivision Improvements identified as potentially
deficient in a letter of potential deficiency or as not meeting all applicable
requirements of the Preliminary Plan, the BOCC shall have fifteen (15) calendar
days from the date of the letter to complete the initial investigation, begun under
subparagraph 3.f.ii. above, and provide wriften confirmation of the deficiency(ies)
to the Owner.
v. If the BOCC finds that' the Subdivision Improvements are
complete and in compliance with the relevant specifications and that all
applicable requirements of the Preliminary PIan have been met, the BOCC shall
notify the Owner and the Escrow Holder in writing and the security shall be
released to the Owner in the amount provided in the Written Request for Partial
(or Full) Release of Security. within three (3) business days after completion of
such investigation.
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BOCC Completion of Improvements and Other Rernedies. If the BOCC
finds, within the fifteen (15) day period of time defined in subparagraph 3.f.iv. above,
that the Subdivision Improvements are not complete, or if the BOCC determines that the
Owner will not or cannot construct any or all of the Subdivision lmprovements (whether
or not Owner has submitted a written request for rclease of Security), or that applicable
requirements of the Preliminary Plan will not or cannot be met, the BOCC may withdraw
and employ from the Security such funds as may be necessary to construct the
Subdivision Improvements in accordance with the specifications or to satisfy the
Preliminary PIan requirements applicable to the Subdivision, up to the remaining face
amount of the Security. In such event, the BOCC shall make a written finding regarding
Owner's failure to cornply with this SIA or applicable requirernents of the Preliminary
Plan prior to requesting payment ftom the Security, in accordance with the provisions of
Section l3-106 of the LUDC. In lieu of or in addition to drawing on the Security, the
BOCC may bring an action for injunctive relief or damages for tlre Owner's failure to
adhere to the provisions of this SIA regarding the Subdivision Improvements and
satisfaction of requirements of the Preliminary Plan applicable to this Subdivision.
h. Final Release of Securitv. Upon completion of all Subdivision
Improvements and requirements of the Prelirninary Plan applicable to the Subdivision,
Owner shall subrnit to the BOCC, through the Community Development Department: l)
record drawings bearing the stamp of Owner's engineer certifying that all Subdivision
lmprovements, including off-site improvements within the jurisdiction of the County,
have been constructed in accordance with tlre requirements of this SIA, including all
Final Plat Documents and applicable requirements of the Preliminary Plan, in hard copy
and digital format acceptable to the BOCC; 2) copies of instruments conveying real
property and other interests which Owner is obligated to convey to the property owners
association of the Subdivision (the "POA") or any statutory special district or other
entity; and 3) a Written Request for Final Release of Security, in the fonn attached to and
incorpomted herein as Exhibit E, along with Owner's engineer's stamp and certificate of
final completion of the Subdivision Improvements. Upon receipt of the foregoing. the
BOCC shall take the following action:
i. The BOCC shall authorize a final release of the Security after the
Subdivision Improvements are certified as final to the BOCC by the Owner's
engineer and said final ce(ification is approved by the BOCC. If the BOCC finds
that the Subdivision Improvements are complete, in accordance with the relevant
specifications, and that all requirements of the Preliminary Plan applicable to the
Subdivision have been satisfied, the BOCC shall release the final amount of the
Security within ten (10) business days following submission of the Owner's
Written Request for Final Release of Security accompanied by the other
documents required by this paragraph 3.h.
ii. Notwithstanding the foregoing, upon Owner's Written Request for
Final Release of Security, accompanied by Owner's engineer's certificate of final
completion of improvements, the BOCC may inspect and review the Subdivision
Improvements certified as complete. If the BOCC does so review and inspect, the
process contained in paragraph 3.f. above, shall be followed. If, following such
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inspection, the BOCC finds that the Subdivision Improvements are complete, in
accordance with the relevant specifications, and that all requiremens of the
Preliminary Plan applicable to the Subdivision have been satisfied, the BOCC
shall release the final amount of the Security within ten (10) days after colnpletion
of such investigation.
iii. If, following the inspection contained in paragraph 3.f, the BOCC
finds that the Subdivision Improvements are not complete, in accordance with the
relevant specifications, and/or that requirements of the Preliminary Plan
applicable to the Subdivision have not been satisfied, the BOCC may complete
tlie remaining Subdivision Improvements and satisfy the applicable requirements
of the Preliminary Plan, or institute court action in accordance with the process
outlined in paragraph 3.g. above; provided, however, that such action rnay only be
taken by the BOCC if the BOCC detennines in its reasonable discretion that the
subject Subdivision Improvernents will not or cannot be satisfactorily completed
on or before the Completion Date and, provided fufther, that the BOCC shall
provide Owner a reasonable opportunity to cure (as provided in paragraph l2
Lelow) any identified deficiency(ies) or violations prior to initiating any of the
self-help remedies described herein, including, without limitation, commencing
rvork on the Subdivision Improvements, requesting payment frorn the Security,
initiating the forfeiture proceedings set forth in Section l3-106 of the LUDC, or
filing a civil action.
4. SECTJRITY FOR REVEGETATION.
a. Revqg.etationltccount and Substitute Collateral. $30,000 of the face
amount of the Security , specified in Paragraph 3a above, shall be allocated to
revegetation of disturbed areas within the Subdivision, the cost ior which is detailed as a
subdivision improvement in Exhibit B. Revegetation of disturbed areas in the
Subdivision, the costs for which is detailed as a subdivision irnprovement in Exhibit B,
shall be secured by lronbridge Phase III, Filing I Revegetation Treasurer's Account
Agreement between the Owner, the BOCC and the Garfield County Treasurer,
("Revegetation Account Agreement"). The Revegetation Account Agreement shall be
valid for a minimum of two (2) years following recording of the Final Plat.
b. Revesetation Account General Provisions. The provisions of paragraphs
3.b.,3.c. and 3.d., above, dealing with Bond requirements, extension of expiration dates,
increase in face amounts, plat recording and plat vacating shall apply to the Revegetation
Account.
c. Reveeetation Review and Notice of Deficiency. Upon establishment of
revegetation, the Owner shall request review of the revegetation work by the Garfield
County Vegetation Management Department, by telephone or in writing, Such review
shall be for the purpose of verification of success of revegetation and reclamation in
accordance with the Garfield County Weed Management Plan 2000, adopted by
Resolution No. 2002-94 and recorded in the Office of the Garfield County Clerk and
Recorder as Reception No. 580572, as amended, and the revegetation/reclamation plan
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titled and dated for the Subdivision submitted as
part of the Final Plat Documents. If the Vegetation Management Department refuses
approval and provides written notice of deficiency(ies), the Owner shall cure such
deficiency(ies) by further revegetation efforts, approved by the Vegetation Management
Department, as such efforts may be instituted within the two (2) years following
recording of the Final Plat.
d, Sinele Request for Release of Reveqetation Account. Following receipt of
written approval of the Vegetation Management Departrnent, the Owner may request
release of the Revegetation Account Agreement and shall do so by means of submission
to the BOCC, through the Building and Planning Departrnent, of a Written Request for
Release of Revegetation Account Agreement, along with certification of cornpletion by
the Owner, or Owner's agent with knowledge, and a copy of the written approval of the
Vegetation Management Department. It is specifically understood by the parties that the
Revegetation Account is not subject to successive partial releases, as authorized in
paragraph 3.e., above. Further, the Revegetation Account and the BOCC's associated
rights to withdraw funds and bring a court action may survive final release of the
Account securing other Subdivision Improvements, defined in paragraph 3.a., above.
e. BOCC's Completion of Revesetation and Other Rernedies. If Owner's
revegetation efforts are deemed by the BOCC to be unsuccessful, in the sole opinion of
the BOCC upon the rccomrnendation of the Vegetation Management Department, or if
the BOCC determines that the Owner will not or cannot complete revegetation, the
BOCC, in its discretion, may withdraw and employ frorn the Revegetation Account such
funds as rnay be necessary to carry out the revegetation work, up to the face amount of
the Revegetation Account. In lieu of or in addition to drawing on the Revegetation
Account, the BOCC may bring an action for injunctive relief or damages for the Owner's
failure to adhere to the provisions of this SIA related to revegetation. The BOCC shall
provide the Owner a reasonable time to cure any identified deficiency prior to requesting
payment from the Revegetation Account or filing a civil action.
5. AFFORDABLE HOUSING. In accordance with the requirements of Article 8
of the LUDC and the Planned Unit Development ("PUp"; approval, Owner has agreed to
provide six (6) deed-restricted affordable for-sale housing ("Affordable Housing Units") either
within the Subdivision or offsite as part of the Project as specifically provided in the affordable
housing agreement (the "Affordable Housing Agreement"). As provided in the Affordable
Housing Agreement, Owner shall not be required to construct any individual Affordable Housing
Unit(s) until a buyer for such Affordable Housing Unit has been qualified by the Garfield County
Housing Authority ("GCHA") in accordance with the Affordable Housing Agreement. Pursuant
to the Affordable Housing Agreement, if Owner defers construction of the Affordable Housing
Units, upon Owner's receipt of notice from GCHA that a buyer has been qualified to purchase an
Affordable Housing Unit (the "Purchase Notice"), Owner shall promptly commence construction
of an Affordable Housing Unit and shall deliver a cornpleted Affordable Housing Unit to the
qualified buyer on or before one-hundred and twenty (120) days from Owner's receipt of the
Purchase Notice; provided, however, that if Owner receives a Purchase Notice on or between
October l5th and April lst of any year, Owner shall be required to deliver a completed
Affordable Housing Unit to the purchaser on or before the next-occuming August l. As provided
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in subparagraph 3.e above, upon the issuance of a certificate of occupancy for any Affordable
Housing Unit required to be constructed on a lot identified on the Final Plat, the County shall,
within ten (10) business days of receipt of Owner's Written Request for Partial Release of
Security, release the Security attributable to such Affordable Housing Unit, including the ten
percent (10%) contingency amount attributable thereto. In the event Owner completes
construction ol and receives certificates of occupancy for, all of the market rate units within the
Final Plat prior to completion of construction of the Affordable Housing Units required to be
constructed as part of such Final Plat, the BOCC may, but shall not be required to, withdraw and
employ from the Security such funds as may be necessary to construct the Affordable Units in
accordance with the requirements of this SIA and the Affordable Housing Agreement, up to the
remaining face amount of the Security.
6. WATER SUPPLY AND WASTEWATER COLLBCTION. As stated in
paragraph 15, below, prior to issuance by the BOCC of any certificates of occupancy for any
residences or other habitable structures constructed within the Subdivision, Owner shall install,
connect and make operable a water supply and distribution system for potable water, non-potable
irrigation water and a wastewater/sewer collection system in accordance with approved plans and
specifications. AII easements and rights-ol'-way necessary for installation, operation, service and
maintenance of such water supply and distribution system(s) and wastewater collection system
shall be as shown on the Final Plat. Orvner shall deposit with the Garfield County Clerk and
Recorder executed originals of the instruments of conveyance for easements appurtenant to the
water and wastewater system(s), for recordation following recording of the Final Plat and this
SIA. All facilities and equiprnent contained within the water supply and wastewater collection
system(s) shall be transfened by Owner to the Special District(s) by bill of sale. If a third party
water or sewer service entity requires warranty of the system(s), Owner shall provide proof to the
BOCC that such waranty is in effect and, if necessary, has been assigned.
7. PUBLIC ROADS. All roads within the Subdivision shall be dedicated by the
Owner to the public as public rights-of-way and shall be accepted by the BOCC, on behalf of the
public, on the face of the Final Plat. The POA shall be solely responsible for the maintenance,
repair and upkeep of said rights-of-way, including the traveled surface of the roadways and
portions of the rights-of-way outside of the traveled surface. The BOCC shall not be obligated to
rnaintain any road rights-of-way within the Subdivision.
8. PUBLIC UTILITY RIGHTS-OF-WAY. Whether or not utility easements exist
elsewhere in the Subdivision, all road rights-of-way within the Subdivision shall contain rights-
of-way for installation and maintenance of utilities. Public utility easements shall be dedicated
bythe Ownerto the public utilities on the face of the Final Plat, subjectto the Carfield County
Road and Right-of-Way Use Regulations, recorded as Reception No. 643477, in the records of
the Garfield County Clerk and Recorder, as amended. The POA shall be solely responsible for
the maintenance, repair and upkeep of said public utility easements, unless otherwise agreed to
with the public utility company(ies). The BOCC shall not be obligated for the maintenance,
repair and upkeep of any utility easement within the Subdivision. In the event a utility company,
whether publicly or privately owned, requires conveyance of the easements dedicated on the face
of the Final Plat by separate document, Owner shall execute and record the required conveyance
documents.
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g. CONVEYANCE OF OPDN SPACE. The common open space parcel(s)
identified on the Final plat shall be conveyed by Owner to the POA at the time of Final Plat
Approval or as agreed to between the ownei and the PoA. owner shall deposit with the Garfield
County Clerk and Recorder executed original(s) of the instrument(s) of conveyance for
recordation following recording of the Final Plat and this SlA.
If not conveyed at the time of recording of the Final Plat, Owner shall execute and deliver into
escrow document(s) conveying the cornmon open space parcel(s), easement(s), greenbelt(s),
parl<(s), shown on-tire Final Plal to the POA. The documents shall be deposited pursuant to the
escrow agreement, to be executed by the Owner, the BOCC and escrow agent ('Escrow
Agreement";. Owner shall deliver to the BOCC a copy of the fully executed and recorded
Escrow Agreement within a reasonable time following execution of this SIA. The special
instructions of the Escrow Agreement shall provide:
i. the Escrow Agent shall hold the conveyance documents until the
earlier of: a) receipt of a rvritten notice signed only by Owner notifying escrow
agent that the work required of the Owner in this SIA has been completed and
approved as complete by the BOCC; or b) receipt of a written notice signed only
Uy ttre BOCC stating that Owner has failed to cornply with the terms and
conditions of this SIA; or c) the Completion Date for Subdivision Improvements,
specified in paragraph 2, above, or as extended in accordance tvith paragraph 2 of
this SIA; and
ii. upon the first to occur of the foregoing events, the escrow agent
shall cause the conveyance documents to be recorded in the records of the
Garfield County Clerk and Recorder.
lO. INDEMNITY. The Owner shall indemnify and hold the BOCC harmless and
defend the BOCC from all ctaims which may arise as a result of the Owner's installation of the
Subdivision Improvements and any other agreement or obligation of Owner, related to
development of the Subdivision, required pursuant to this SIA. The Owner, however, does not
indemniff the BOCC for claims made asserting that the standards imposed by the BOCC are
improperor the cause of the injury asserted, or from claims which may arise from the negligent
acts or omissions of the BOCC or its employees. The BOCC shall notify the Owner of receipt
by the BOCC of a notice of claim or a notice of intent to sue, and the BOCC shall afford the
Owner the option of defending any such claim or action. Failure to notifr and provide such
written option to the Owner shall extinguish the BOCC's rights under this paragraph. Nothing in
this paragraph shall be construed to constitute a waiver of governmental immunity granted to the
BOCC by Colorado statutes and case law.
I l. ROAD IMPACT FEE. Owner has completed as part of Phase I and II of the
PUD off-site traffic improvements based on full build out including this Phase III which fully
offset and exceed any Road lmpact Fees which would otherwise be applicable pursuant to the
LUDC. Total completed improvements are $1.9 million, attached as Exhibit G is an engineer's
verification. Attached as Exhibit H are worksheets showing Phase III and full development road
impact fees, demonstrating that offsite improvements fully offset all fees.
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12. BREACH OR DEFAULT OF OWNER. A "breach" or "default" by Owner
under this SIA shall be defined as Owner's failure to fulfill or perforrn any material obligation of
Owner contained in this SIA. In the event of a breach or default by Owner under this SlA, the
County shall deliver written notice to Owner of such default, at the address specified in
paragraph 2l below, and Owner shall have sixty (60) days from and after receipt of such notice
to cure such default. If such default is not of a type that can be cured within such 60-day period
and Owner gives written notice to the County within such 60-day period that it is actively and
diligently pursuing such cure, Ownershall have a reasonable period of time given the nature of
the default following the end of such 60-day period to cure such default, provided that Owner is
at all times within such additional time period actively and diligently pursuing such cure.
13. BRBACH OR DEFAULT OF COUNTY. A "breach" or "default" by the
County under this SIA shall be defined as the County's failure to fulfill or perfonn any material
obligation of the County contained in this SIA. In the event of a breach or default by the County
under this SIA, Owner shall have the right to pursue any administrative, legal, or equitable
remedy to which it may by entitled.
14. trEES IN LIEU OF DEDICATION OF SCHOOL LAND. Owner shall rnake a
cash deposit in lieu of dedicating land to the Roaring Fork School District RE-1, calculated in
accordance with the LUDC and the requirements of state law. The Owner and the BOCC
acknowledge and agree that the cash in lieu payment for the Subdivision is calculated as follows
forthe RE-l School District:
Unimproved per acre market value of land, based upon an appraisal subrnitted to the
BOCC by Owner, i.e. 552.551.00; and
Land dedication standard: f! single-family dwelling units x 0.020 acres, equals [/ acres.
The Owner, therefore, shalt pay to the Carfield County Treasurer, at or prior to the time
of recording of the Final Plat, thirty-six thousand seven hundrcd eighty fivc dollars
and seventy cents (36,785.70) as a payment in lieu of dedication of land to the Roaring
Fork School District. Said fee shall be transferred by the BOCC to the school district in
accordance with the provisions of $30-28-133, C.R.S., as amended, and the LUDC.
The Orvner agrees that it is obligated to pay the above-stated fee, accepts such
obligations, and waives any claim that Owner is not required to pay the cash in lieu of land
dedication fee. The Owner agrees that Owner will not claim, nor is Owner entitled to claim,
subsequent to recording of the Final Plat, a reimbursement of the fee in lieu of land dedication to
the Roaring Fork School District.
15. FIRE IMPACT FEE. The Fire Impact Fee is S73009 per unit. The Owner,
therefore, shall pay to the Carbondale Fire Protection District, at or prior to the time of recording
of the FinalPlat, hventy-five thousand five hundred fifty dollars ($25,550.00).
16. SALE OF LOTS. No lots, tracts, or parcels within the Subdivision may be
separately conveyed prior to recording ofl the Final Plat in the records of the Carfield County
Clerk and Recorder.
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17. BUILDING PERMITS AND CERTIFICATES OF OCCUPANCY. AS ONE
remedy for breach of this SlA, the BOCC may withhold issuance of building permits for any
residence or other habitable structure to be constructed within the Subdivision. Further, no
building pennit shall be issued unless the Owner demonstrates to the satisfaction of the
Carbondale Rural Fire Protection District ("District"), if the Fire District has so required, that
there is adequate water available to the construction site for the District's purposes and all
applicable District fees have been paid to the District. No certificates of occupancy shall issue
for any habitable building or structure, including residences, within the Subdivision until all
Subdivision Improvements have been completed and are operational as required by this SIA. If
applicable, Owner shall provide the purchaser of a lot, prior to conveyance of the lot, a signed
copy of a form in substantially the same form as that attached to and incorporated herein by
reference as Exhibit F, concerning the restrictions upon issuance of building permits and
certificates of occupancy detailed in this SIA.
18. CONSBNT TO VACATE PLAT. In the event the Owner fails to comply with
the terms of this SIA, the BOCC shall have the ability to vacate the Final PIat as it pertains to
any lots for which building permits have not been issued. As to lots for which building permits
have been issued, the Plat shall not be vacated and shall remain valid. In such event, the Owner
shall provide the BOCC a plat, suitable for recording, showing the location by surveyed Iegal
description of any portion of the Final Plat so vacated by action of the BOCC. If such a Plat is
not signed by the BOCC and recorded, or if such Plat is not provided by the Owner, the BOCC
may vacate the Final Plat, or portions thereof, by resolution.
19. ENF'ORCEMENT. In addition to any rights provided by Colorado statute, the
withholding of building permits and certificates of occupancy, provided for in paragraph 16,
above, the provisions for release of Security, detailed in paragraph 3, above, and the provisions
for plat vacation, detailed in paragraph 17, above, it is mutually agreed by the BOCC and the
Owner, that the BOCC, without rnaking an election of remedies, and any purchaser of any lot
within the Subdivision shall have the authority to bring an action in the Garfield County District
Courtto compel enforcement of this SIA. Nothing in this SIA, however, shall be interpreted to
require the BOCC to bring an action for enforcement or to withhold permits or certificates or to
withdraw unused Security or to vacate the Final PIat or a portion thereof, nor shall this paragraph
or any other provision of this SIA be interpreted to pennit the purchaser of a lot to file an action
against the BOCC.
20. NOTICE BY RECORDATION. This SIA shall be recorded in the Office of the
Carfield County Clerk and Recorder and shall be a covenant running with title to all lots, tracts
and parcels within the Subdivision. Such recording shall constitute notice to prospective
purchasers and other interested persons as to the terms and provisions of this S[A.
21. SUCCESSORS AIYD ASSIGNS. The obligations and rights contained herein
shall be binding upon and inure to the benefit of the successors and assigns of the Owner and the
BOCC.
22. CONTRACT ADMINISTRATION AND NOTICE PROVISIONS. The
reprcsentatives of the Owner and the BOCC, identified below, are authorized as contract
administrators and notice recipients. Notices required or pennitted by this SIA shall be in
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writing and shall be effective upon the date of delivery, or attempted delivery if, delivery is
refusel. Delivery shall be made in person, by certified return receipt requested U.S- Mail'
receipted deliveryservice, or facsimilctransmission, addressed to the authorized representatives
of tni BOCC and the Owner at the address or facsimile nurnber set forth below:
BOCC:
Owner:Blue Heron Properties, LLC
Attn: James W. Light or John Young
430 lronbridge Drive
Glenwood Springs, CO 81601
Phone: 970-384-0630
Fax: 970-384-0634
KarlJ. Hanlon
Karp Neu Hanlon, PC
P.O. Box 2030
Glenwood Springs, CO 81602
Phone: 970-945-2261
Fax: 970-945-7336
Garfield County Board of Counry Commissioners
Attn: Cornmunity Development Director
108 Eighth Street, Suite 401
Glenwood Springs, Colorado 81601
w/copy to:
Phone: Q70i.945-8212
Fax: (970) 384'3470
23. AMENDMENT AND SUBSTITUTION OF SECURITY. ThiS SIA MAY bC
modified, but only in writing signed by the Parties hereto, as their interests then appear. Any
such amendment, including, by way of example, extension of the Cornpletion Date, substitution
of the form of security, oiapproval of a change in the identity of the security provider/issuer,
shall be considered by the BOCC at a scheduled public meeting. Before any extension of
Completion Date is considered, Owner shall certify that all taxes and assessments on the real
propirty subject to the SIA are paid in full. If such an amendment includes a change in the
iA.ntity of thl provider/issuer of security, due to a conveyance of the Subdivision by the Owner
to a successor in intrrot, Owner shall provide a copy of the recorded assignment document(s) to
the BOCC, along with the original security instrument. Notwithstanding the foregoing, the
Parties may change the identifrcation of notice recipients and contract administrators and the
contact inforrnation provided in paragraph 21, above, in accordance with the provisions of that
paragraph and without formal amendment ofl this SIA and without consideration at a BOCC
meeting.
24. COUNTERPARTS. This SIA rnay be executed in counterparts, each of which
shall be deemed an original, and all of which, when taken together, shall be deemed one and the
same instrument.
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25. VENUE AND JURISDICTION. Venue and jurisdiction for any cause arising
out of,or related to this SIA shall lie with the District Court of Garfield County, Colorado, and
this SIA shall be construed according to the laws of the State of Colorado.
IN WITNESS WHEREOF, the Parties have signed this SIA to be effective upon the date of Final
Plat Approval for the Subdivision.
ATTEST:
.2dt{
RADO LIMITED LIABILITY COMPANY
By its Manager, CLM Blue Ileron,LLC,a
Colorado limited liability company
srATE OF COLORADO )
)ss.
COUNTY OF GARFIELD )
The foregoing instrument was acknowledged before me this.[&uV of
2015,by Blue Heron Properties, LLC by its Manager, CLM BIue Heron, LLC, b'
James W. Light.
WITNESS my hand and oflicial seal.
lerk to the Board
BOARD OF COMMISSIONERS
OF GARF Y, COLORADO
LUE HERON PRff*t'tB
i snar, it{_l;
cr"i6i[o9
My commission expires:
PUBLICgTATEOF
NOTARY ID
COMMISS]ONE)i,lY
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Exhibit List
Exhibit A - Subdivision Irnprovement PIans - "Approved flor Construction"
Exhibit B - Engineer's Estimate of Cost of Improvements
Exhibit C - Security - Escrow Agreement
Exhibit D - Written Request for Partial Release of Security Form
Exhibit E - Written Request for Final Release of Security Form
Exhibit F - Notice to lot owner regarding SIA completion
Exhibit G - Engineer's verification of completed improvements
Exhibit H - Road Impact Fee Calculation Worksheet
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Eanhrvork - Unclassifi cd Excavation 30,000 c.Y 13.50 $t05,000.00
Iopsoil S6ipping. Stockpilc and Placernmt 6,000 c.Y.s5.00 s30,000.00
Emsion and Scdimcnt Control BlEnketl Slopes Steepa tban 3:l 3,200 S.Y,s9.50 $30,400.001L#.et.rT........... .......................1
9" Class 5 ABC Under Asphalt, Crcss Pars, Curb & Guner and Walks
i. -..........1-1,9.q9.i 930
i s.F. i s2.95
;"- d:+:'-'T""'-"-' S4l.o,ti'
i s102,070.00
i $4r,8s0.00
26" Mountable Curb & Gutter 3,m0 L.F s25.00 $75,000.00
!!q1p !cryq1a !igr! (!treet, s!9p, spgqd,Y!91!)Each ; $300,00 s1,t00.00
Asphalt Pedestrian Patlr 10.400 S.F.s2,00 s20.E00.00
s4r}6-920.00
Donestic llaler
pipc pnce lncludcs irenching and liitrngs --
10" D,l.P., Class 52 Watcr Main l130 Each $90.00 $t toJoo.oo
l0" GatG valvc L.F.$2,750.00 I,m0.00
10"Eaclr $500.00
l" Water Seruice
Each
,500.00 00
Water/Sewer Crossing Encasement Each s2,200.00 s4,400.00
Water/Stonn Server Crossing Each
Comecl to E\isting 10" Water Each srJ00.00 sI,2m.00
sI73,000.00
Sewer
--pricc inclrrdcs rcnching and linings--
8" SDR-35 Server Pipe I,400 L,F.$60,00 s84,000.00
4'Dia..Muhole Each s4,800.00 s38.400.00
Connectlo ExistingScwlrManhole i Each $3.000.00 s3.000.00
4" Scwcr Servicc i i.....E9.:1,....i sl,100.00 i -..-...12.11S,.q.
s149.600.m
Slomt Setw uttl Sdrfuce dmin S):slent
8" ADS-NI2 375 L.F.$3s.00 st 3, t25.00
18" ADS Flaed End Section I Each s300.00 s300,00
S'Storm Manhole i..-........ - - - - -...-..,1Single Combination Curb Opening with Grste lDlet i 2l
i-'-E;ii'--I'-"'-" $:r,iiodrto'i
i"
" d;ii" l' - "'5ili,oi,rio'l s3,600.00
i"'-"'de,b'60.b'6'
s23,025.q)
Shullotv Wilities
SDallorv Ulilrly TrcncI (Tclcplronc, Cablc, Elcctnc, Cas)2,5tru L.F.
L.F.
SE.OO u20,000.0u
Tclephone and Cable Conduit and Conduit lostallation 2.500 s3,00 s7;500.00
Gas Sepica Piping tnstallation (pipe fumislrcd by utility)2,500 L.F.s4.50 st 1,250.00
s3t 750.00
Tot.il ltrstatled lrrfrustruclure ds ofApril, 2015.
foaal InsialtEd Infragtnrcnrrc Pri6e.Estimate $791,295.0o
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n fic $lleJ'thd {e mllqinsizel}M thir !6pc. No projcE of lhis $opchorc bccd complded I of ,c@tl},itr GuIidd Cuty. This ir ueilmtoonly.
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Date:
The undersigned deposit with Land Tittg Guarantee Company, a Colondo Corporation, as Escrow Holder (the 'Escrow Holder"), the
items set fortn in ScUeaule e, to be held by Escrow Holder subject to the terms of this Escrow Agreement, tle Geaeral Provisions to
the EscrowAgeeurert and the Special hstuctions in Schedule B (collectively, the'EscrowAgreemeaf').
El en cash deposits mustbe acc<impanied by a Fom W-9 Request for Turpayer Identification Nuraber.
"Schedule A"
(Deposits)
$_____-__-__---, from
"Schedule B"
(Special Instuctions)
E Special Instruotiou No. I (Repain)Attached
! Special Instuction No. Ia (CornpletiodAuached
! Special Instructio! No. 2 (Lesder Completioo Insructions) Attached
! Special Iastruction No. 3 (Inilemnity Agreement - Cash Deposit) Attacbed
I Special Instructiou No. 4 @epository Insructions) Anached
! Special lrstruction No. 5 (F.I.RLT.A)
f Special InstructionNo. 6 @esolutiou of Miscellaueous Issues)
B m others (See attached Er&ibit"A")
Tbe parties'to the Escrow Agreement, by theh signatrrre below, acknowledge and agree that thoy havc read, and will be bound by the
Escrow AgreerrenL includiDg the Geueral Provisions to the Escrow Agreemeu! and the Special Instmctions in Schedule B.
EscrowAgreement
Escrow Number:
Seller(s):
(ifapplicable)
Buyer/Borrower(s):
(if applicablQ
Form 13575 Dn013 ea-spec.instodt {2289d3731
By
Address:
Phone #:
Fax#:
Email:
Contact:
Lender:
(Ifapplicable)
Address:
Phone #:
Contact:
A,Iy correspondcnce regarding this cscrow shall be
addressed to:
Land TiUe Guarantee ComPanY
5975 Greentyood Plaza Blvd'
Greenn'ood Village, Colorado 801I I
Attn: Escron' Coordinator
Phone: 303-321-1880
Far 303-399-8193
Address:
Phone #:
For#:
Email:
Contact:
Escrow Fees to be as Follows:
(a) Set up fee:
(b) Miscellaneous:
NoIe: After the issuance of four (4) checks, a fee of $10.00 per
check will be made for each additional check'
Receipt of the Escrow Deposit and acceptance of the Escrow
Ageenrent hereby acknowledged bY:
Land Title Guarantee Company - Escrow l{older
By:
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"hl4
l J illl lH i l"lllJ,[,r,l' tr l ll I
ReceotionB: 868310agtzitzots o3:17:15 Pl'l Jean Alberico6l of 73 Rec Fee:$@.00 Doc Fee:@.@O GARFIELD C0UNTY C0
Form13575 l2l2013 ea.spec.inst.odt 1228913231
I|ll liltJFl}lfi fllltL lfut nfil Il il !&rl'rlll ll llslfi'n Ir rr I
Eft#8,'"d:gt;:z ;l flr dE'P.31 Bi6a"En.p r..o couNry co
t.
Land Title Guarentee ComPanY
General Provisions to the Escrorv Agrcement
Initials
Initials
Notiees.
Any notices required or permi$ed to be giverr under the Escrow Agreement shall have been deerned to have been served:
i. one business day after the notice is hand delivered rvith pr oof of teceipt by the addressee, or
ii. one business day after transmission by facsirnile evidencing confirmation of leceipt by the receiving facsimile
machine, or
iii. one business day af,er transmission by email evideucing conlinaatiou of receipt by the receiving email address. or
tv. if reputable overnight courier (such as United Parcel Service or Federal Express) is used, on the irumediately
follorvingbusiness day after notice is sent for overnight delivery or
r,. if the Udted States Mail is used, on the third business day after the notice is deposited in dre United States Mail,
posmge prepaid;
Provided in each case such notice is addressed to the parties at the addresses given on the first page ofthis Escrorv Agreement'
Reliance on Notice.
Escrow Holder may act in reliance. upon any writiug or instrument or signature which Escrow Holda, in good faith, believes to
be genuine, and ma1, assurne the validity and accuacy of any statement or assertion contained in such awriting or iDstrumerlt,
,rd rnay assurtre that any person purporting to give any writing, notice, advice or instruction in connection rvith the provisions
hercofhas been duly autholized so to do,
Laws Relatirrg to Unclaimed Funds.
Seller and Buyer are hereby advised that unclaimcd funds may be payablc to tbo State at some future date pursuant to
unclaimerl properq, Iaws, and should Escrow Hotder pay any such fi.rnds held in the Escrow Deposi( Escrorv Holder shall be
release fi.om all furthcr responsibility under thc Escrow .Agreement and shall not be liablc to any Party so long as such payment
was made pursuant to applicable larv.
Escrow Deposit and lnterest Earned on Escrow Deposit.
a. Upon receipt of rvritten dfuecrion of the parties along rvith a completed W-9 any mofley cornprising the Escrorv Deposit
rvill be invested in an interest bearing account.
b. Deposi6 of $100,000.00 or more nay be directed by the parties hereto to other types of investments, or the Escrorv
Hoider rnay invest the Escrow Deposit in Repurchase Agreements for U.S. Treasury obligations or other Federal agetrcy
issued seculities.
c. Escrow Holder shall not be responsible for maxilnizing fhe yield on the Escrorv Deposit. Uuder no circumstarrces shall
Escrow Holder be liable for loss of funds due to bank or other'lnstiurtion failure, including employees or agents thereof
suspeusion or cessation of business, or alry action or inaction on the part ofthe bank or other institution, or any delivery
service hansporting funds to and from the institution,
d. AII parties hereto sfial] execute and deliver to Escrow Holder all forms required by federal, state or other govemmental
agcncics relative to ta:<ation matters and Escrow Holderwill file appropriate 1099 or othcr requiled forms.
Fees and Expenses of EscrolY llolder,
a. The Escrow Holder shall be entitled to reimburuement in full, or may demand Payment in advance, for all costs,
expensos, charges, fees or other paylnents made or to be rnade by Escrow Holder in the performance of Esorolv Holdet's
duties and obligations uuder the Escrow Agreement.
b. The parties to the Escrorv Agreement are jointly and severally liable for the paynent to Esctotv Holder of all fees and
expeDses. Escrorv Holder is hereby authodzed and directed to reimburse to itselfin Payment offees or expenses from
any funds in the Escrow Deposit, rvhether Aom priucipal or interest or both, at any time, and from time to titne, as tlle
salne may be due and owing.
c. Escrow llo]der is hereby aut]rorized to rvithhold any fees or expenses from any disbursement or dishibution ofEscrow
Deposit to any Palty hereto or to the Cler* of the Court upon interpleader.
d. [n the evenl that the Escrow Deposit shall consist of documents onJy and not firnds, Escrow Holder may refirse to
dis6ibute any such docuaents or to otherwise act under this Agreemeut until all accrued but unpaid fees md expenses
have been paid in full.
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Receotlon$: 658310
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Non-liability of Escrtw Holder.
a. Escrou, Holder shall not be liable for any mistakes of fhct, or errors ofjudgment or for any acts or omissious of any kind
unless caused by the rvillful misconduct or gross negligence of Escrow Holder.
Escrow Holder ihall not be liabte for any talres, assCss*.ots or other governmental charges which may be levied or
assessed upon the Escrorv Deposit or auy part thereof, or uPOB the income therefrom.
Escrow Holaer may rety upon the advice ofcounsel and upoD stalements ofaccountants, brokers or otherpersons
reasonably believed Uyit in good faith to be expert in the matters upon which they are consulted, and for any reasonable
action taken or suffeled in good faith based upon such advice or statements.
Inderrnity of Escrorv Bolder'
The Seller and Buyerjointly and severally agree to:
i. indemnig'E .ro* Holder for, anJtrota it hanuless against any and all liability incurred by the Escrow Holder by
reason of this Escrow Agreement, or in connection wittt Escrou, Agent's perfonnance of its dutics hereunder, except
for Escrow Holder's own willful misconduct or gross negligence, and
ii. reimburse Escrow Holder for all its expenses, including, but not necessarily limited to, attorDcys' fees and court
costs incurred Pursuant to this Escrorv Agreemeut.
Request for Written Instructions.
q. Escrow Holder may at aEy ti6e, anrl from time to time, request the Seller and Buyer (o provide written instmctions
concerning the prcpriety of a proposed payment of the Escrow Deposiq distribution of documents, or other action or
refusal to act by Escrow Holder.
Should the Selier and Buyer fail to provide such nritteu insuuctions rvithin a reasonable time, Bscrow llolder rnay take
such action, or refuse to i.t, as it mly deem appmpriate and shall not be liable to anyone for such action or refusal to act.
Notwithstandlng tbe foregoing, should the tenns of the Escrow Agreernent be complied r'*'ith, in tle judgment of Escrorv
Holder, then thJEscrow Holdir may disburse any funds, distribute documents, or take such action without specific
further written instuctions fronr any Party.
Disputes and InterPleader.
,.' In rhe event oi any dispure between tbe Parties as to either law or fact, or in the event any of the parties hereto fail, for
any reason, to fuliy reieipt and acquit the Escrow Holder in rvriting Escrorv Holder nay refuse' io its discretion, to carry
oui said escrow insnuctions or to detver auy funds, documenls, or Properly in its hard to anyone and in so doing shall
not become liable to deuaaud.
b. Escrow Holder shall be entitled [o continue, wilhout liability, to reftain and refuse to act:
i, until all the righs ofthe adverse olaimants havc bcen finally adjudicated by a court havingjnrisdiction overthe . .
parties and the items affected hereby, after rvhich time the Escrorv Holder shall be entitled to act in conformity witlt
such adjudication; or
ii. until ali differences shail have been adjusted by agreement and Escrorv Holder shall have been notified thereofand
shall have beeu directed in writing signed jointly or in counterpart by 0re parties ard all persons making adverse
claims or demand. at which time Escrow Holder shall be protected in acting in compliance therervith.
c. Escrow Holder also has the right to interplead into a court ofcornpetentjurisdiction at the expense ofthe Parties.
Resignation of Escrorv Holder.
a. Escrotv Holder may resign uoder this Agreement by giving written notice to all of the parties hereto, effective 30 days
afier the datc ofsaid notice.
b. Uporr the appointrnent by tbe parties of a new escrow holder or custodiau, or upon-uritten iusEructiotts to Escrow Holder
for other disposition of the Estrorv Deposi! Escrow Hoider shall, afterretention of its accrued escrow fees and exPenses,
if any, shall deliver the Escrow Deposit within a reasonable period oftime as so directe4 and shall be relieved of any and
all liability hereunder arising hercafter.
Applicable Law.
This Agreement shall be governed by tlre laws of the State of Colorado'
Counterparts/Third Party Beneliciaries.
This EsciorvAg.eemeDt nay be executed in any number of counterparts, each of which when so executed shall constitute the
entire sgreem"it b"n u.o tlie Seller and Buyer. The Seller and Buyer acknorvledge and agree that there are not intended or
uuintenied third paty beneficiaries rvho may rely upon or benefit from the provisions of this agreement
Elcctronic Signatures and Notices.
The execution of this Escrorv Agreement, and any otl:er uotice required or permifted under this Escrow Agreeluent, tuay be
given a1d trausmitted by elecnonic means (including email, facsimile, or similar hansmission) and shall be deemed cffcctive
ior atl purposes. Documents rrith. original sigratures are not required. If originat sigoatures are required by any party, lhis
requesi must be made pdor to execution of this Escrow Agreement or any otber notice, to ensure compliancc with the request.
n.
12.
t'orm13575 1212013 ea.spec.instodt 1228943231
f il H tr rul H ft llilI ISr{ till I d,l I il $ l{ii Ft ll'Ifi U','M I I t
Recept lon* : 86831O
09l2lt2@15 o3:17:15 Pll Jean Alberico
64 of 73 Rec FeE:$@.00 Doo Fe€:O.00 GARFIELD couNTY co
Exhibit 3'A"
to
Escrow Agreement
This docurnent is an addendurn ("Addendum") to that certain escrow agreement under Land Title
Guaranty Company Escrow Account No. 519857 ("Escrow Agreement") entered into between
and among Blue Heron Properties LLC ("Blue Heron Properties") the Board of County
Comrnissioners for Garfield County, Colorado ("BOCC") and Land Title Guaranty Company
("Escrow Holder"). This Addendum is incorporated in the Escrow Agreement by reference as if
set out in full.
Introduction
BIue Heron Properties and the BOCC are parties to that certain Subdivision Improvements
Agreement dated and recorded in the public records of Garfield County,
Colorado under Reception No.(the "SIA").
Section 3, of the SIA requires that Blue Heron Properties provide security for the construction
and completion of certain public improvements located within the Phase III of the Ironbridge
Planned Unit Development.
The amount of the security ir $_ (the "Escrow Deposit"), which is an amount equal to
the Cost Estimate as defined in Section 3(a) of the S[A.
BIue Heron Properties and the BOCC have agreed that the delivery of the Escrow Deposit to the
custody of the Escrow Holder, pursuant to Esorow Agreement and this Addendum, will satisfy
the security requirements under Section 3 of the SIA.
Disbursal Instructions and Miscellaneous Provisions
Section 1.01 Disbursal of Escrow Deposit.
In accordance with the above, Blue Heron Properties and the BOCC instruct the Escrow Holder
to disburse all remaining or any authorized portion of the Escrow Deposit as follows:
To Blue Heron Properties: Esorow Holder shall disburse the sum set forth on any
"Written Request for Partial (or Final) Release of Security presented by Blue Heron
Properties" as provided in Section 3(e) and Exhibit D of the SIA that is stamped,
certified, or otherwise authorized by the BOCC or its duly authorized officer or
representative.
Io the BOCC: Escrow Holder shall disburse the balance of the Esorow Deposit, together
with all accrued interest, to the BOCC upon Escrow Holder's receipt of a duly approved
written resolution of the BOCC confirming that the BOCC has determined Blue Heron
Properties to be in default under the SlA. Such determination shall be rnade at a duly
noticed public meeting for which Blue Heron Properties will be provided l4 calendar
days advanced written notice. Notice provided in confonnance with the SIA will be
deerned sufficient for the purposes of this provision.
I lll lilr tr trf 5, l+ ll1i. B' l, lIilI Ll h[ f I I Jll ]U rEtt t'il, I I I I I
Receotion$:868310
i{''f, ilie.g";I ; 13 . EB oi3"P"3 I E:66"30nr r Euo couNry co
Section 1.02 Miscellaneous Provisions.
Blue Heron Properties waives any and all clairns against the BOCC, its officers, employeeso
agents and contractors on account of each of their good faith performance of their obligations
under the Escrow Agreement and this Addendum. Blue Heron Properties shall defend, indernnify
and hold harmless the BOCC, its officers, employees, agents and contractors from and against
any claim made on account ofthis Escrow Agreement.
The procedures set forth in this Addendum are intended to govern the manner in which Escrow
Deposit funds are to be disbursed to Blue Heron Properties, or, as the case rnay be, the BOCC.
This Addendum does not affect, in any respect, the manner or conduct of inspections to be
performed by the personnel of Garfield County with respect to the public improvements, all as
further provided in the SIA.
The parties intend that the Escrow Agreernent and this Addendum satisfy the requirement of "a
form of security deemed adequate" under Seciton 3(a) of the SIA. In any event, as between BIue
Heron Properties and the BOCC, the provisions of the Escrow Agreement and this Addendum
are to be interpreted in a manner consistent with the SIA, which, with respect to Blue Heron
Properties and the BOCC, will control over the Escrow Agreement and this Addendum with
respect to any provisions that are in conflict.
**'l'End of Addendum* * *
Illl ilI'r lIMtll H[' ltd ll'ilt #rhr,I H I'l hT ( l"lth']' I ll I
Receotion#:868310iigtzitzals @3:17: t5 Pl'l Jean Albellcq
E6' ;?' ?5'F";-i;;;i@.bii Doc'Fee:s'0@ GARFTELD couNrY c0
EXHIBIT D
REQUEST FOR PARTIAL RELEASE OF ESCROW FUNDS
Board of County Commissioners
Garfield County, Colorado
c/o Director of Community Development
108 8th Street, Suite 401
Clenwood Springs, CO 81601
RE: Ironbridge Subdivision
This request is written to formally notify the BOCC of work completed
Subdivision. As Owner [or On behalf of the AonerJ, we request that the
attached Engineer's Certificate of Partial Completion and approve a reduction
for the Ironbridge
BOCC review the
in the amount held
in Land Title EscrowNo. 519857 (the "Escrow Funds") in the amount of $
_2 to a reduced the Escrow Funds to $. Attached is the certified original
cost estimate and work completed schedule, showing:
Engineers Cost Estimate
Work Completed, less l0%
Reduced Face Amount of Escrow Funds
Based on periodic observation and testing, the construction has been completed, to date, in
accordance with the intent of the plans and specifications that were reviewed and approved by
the BOCC or its representatives and referenced in Paragraph 2 of the Subdivision Improvements
Agreement between the BOCC and the Owner.
If funher information is needed, please contact
Owner
Owner' s Representative/En gineer
APPROVED:
Name:
Office:
at
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ReceotionH: 868310ogt2il2ol5 o3:17:15 Pl.l Jean Alberico67 ot 73 Reo Fee So.0O Doc Fe6:0.00 GARFIELD COUNTY co
EXHIBIT E
RE,QUEST FOR FINAL RELEASE OF ESCROW FUNDS
Board of County Cornmissioners
Garfield County, Colorado
c/o Director of Building and Planning
108 8th Street, Suite 401
Glenwood Springs, CO 81601
RE: Ironbridge Subdivision
This request is written to fonnally notiry the BOCC of work completed for the Ironbridge
Subdivision. As Owner [or on behalf of the OwtzetJ, we request that the BOCC review the
attached Engineer's Cemificate of Completion and approve a full release of the amount held in
Land Title Escrow No. 519857 (the "Escrow Funds") in the amount of $
Attached is the certified original cost estimate and work completed schedule, shorving that all
improvements required by the Improvements Agreement and secured by the Escrow Funds have
been completed.
AIso enclosed are the following, required by the Subdivision Improvements Agreement
dated between Owner and the BOCC, recorded at Reception No.
-
at
the Real Estate Records of the Gar'field County Clerk and Recorder (the "SIA"):
l. record drawings bearing the stamp of Owner's Engineer certifying that all
improvements have been constructed in accordance with the requirelnents of the SIA,
both in hand copy and digital fonnat acceptable to the BOCC; and
2. copies of instruments conveying real property and other interests which
Owner was obligated to convey to the homeowner's association or other entity at the time
of final PIat Approval.
If further information is needed, please contact
Owner or Owner's Representative/Engineer
APPROVED:
Name:
Office:
at
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Receotion$ : 858310
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EXHIBIT F
Note to Lot Owners With Respect to Completion of Public Improvements
You are being provided this Notice in connection with certain development activity
occurring on the Phase itl of the lronbridge Subdivision and to inform you of the completion of
certain puUti. improvements required under the Subdivision Improvements Agreement (subject
to any amendments of record, the "SIA") between BIue Heron Properties, LLC (the
"Deveiopef'), and the Board of County Commissioners of Garfield County, Colorado (the
"BOCC';), which was recorded in the Garfield County Clerk and Recorder's office oll '
2015 under Reception No.
-.
As a result of the completion of these public improvements, certain funds held in escrow
to secure the construction of the public improvements will or have been released to the
Developer by the BOCC or its duly authorized representative.
Nothing is required or expected of you in conneotion with this notice. For further
infonnation, you or your legal counsel may review the provisions of the SIA.
*,r*End of Notice+**
CIVIL ENGINEERING LAND SURVEYING
May 22,2015
Garfield County Community Development Depafttrtent
c/o Kathy Eastley
108 8th Street, #401
Clenwood Springs, CO 81601
RE: Offsite Road Improvcment Fess Paid To Date - Ironbridge Subdivision
Kathy:
The Ironbridge Subdivision has completed multiple offsite roadway irnprovements that benefit
the public R'rght of,Way system. These improvements were focuses around the 2001 and2002
time period and include CR 154/Highway 82 intersection widening, acceleration and
deceleiations lane additions and a traffic signal installation. Multiple improvernents along CR
109 adjacenr to the subdivision were also made, including lane widening for the subdivision that
created new sections of asphalt roadway, replacing the old asphalt that was wearing and would
have required repair by the County. Drainage improvements were also made along CR 109 to
allow for the rvest roadside swale to function properly and'transfer water through the new
subdivision.
Attached is the original, unsigned, contractuat agreement for these road improvenrents to be
cornpleted by GouldConstruction. This is not an engineer's estimate of the work, this the actttal
agreed upon bid amount for the work to be completed.
Please feel free to call or email to discuss any question you rnay have.
Sincerely,
tu*flH
Matt Langhorst, P.E.
High Country Engineering, lnc.
ilil fl,rrrilltliflill tUl{ llTJltil dlllllll'IlllllJ hl I I ll I
Reception$:868310ogl2il2115 03:17:15 Pl'l Jean Alberico
60 oi 7g Rec Fee:$0.00 Doc Fee:0.00 GRRFIELD CoUNTY c0
I5l7 Blake Avenuc, Suite l0l
Glenrvood Springs. CO 81601
970.945.8576 phone
970.945.2555 lbx
wunv.lrceng.com
An Employee Owned Conrpuy Exhibit
G
County Road 109 / County Road 154 Project No. 2000075.02
AGREEMENT
THE AGREEMENT, made this of
LLC hereinafter called
ii#lnafter called "CONTRA CTOR'
WITNESSETH: That for and in consideration of the payments and agreernents hereinafter
mentioned:
t.T5e CONTRACTOR rvill commence and cornplete the construction of the Rose Ranch
P.U.D. - County Road 109 / County Road 154 Project
The CONTRACTOR wilt furnish allof the material, supplies, tools, equiptnent, labor and
other services necessary for the construction and complbtion of the PROJECT described
herein.
The CONTRACTOR willcommence and complete tlte rvork required by the CONTRACT
DOCUMENTS as stated in the NOTICE To PROCEED dated . . 200ll, -uni.rJffi"iioO fo. completion is extended otherrvise by the CONTRACT DOCUMENTS.
The CONTRACTOR agrees to perform allof the WORK described in the CONTRACT
DOCUMENTS and corirpty rvitir the terms therein for tlte sum of $-L9!3r2@Z!-'
The term ,CQNTRACT DOCUMENTS" means and includes the follorving:
INVITATION TO BID
INSTRUCTIONS TO BIDDERS
BID
BID BOND
ACREEMENT
PAYMENT BOND
PERFORMANCE BOND
NOTICE OF AWARD
NOTICE TO PROCEED
CHANGE ORDER
CENERAL CONDITIONS
SUPPLEMENTARY CONDITIONS
SPECIFICATTONS prepared by Higtr Country Engineering, Inc-
ADDENDA:
Ttrose sections applicable to this contract in Addendum Numbers l-8
DRAWINGS prepared by High Country Engineering,lnc., numbered Sheets I through 80.
Tlre OWNER rvill pay to the CONTRACTOR in the manner and at suclt times as set forth in
the CeneratConditioits such antounts as required by the CONTRACT DOCUMENTS.
This Agreement shall be binding upon all parties hereto and their respective heirs, executors,
adrninistrato$, successors, and ass igps.
by and between L.B. Rose Rangh'
E -doing business as a corporation
2.
3.
5.
7.
ReceotionHl 868310ogt2it2s15 o3: tz: 15 PtI
7O ot 73 Rec Fe€:$0.00
f lll ilfJ!?lf Efi ill llll,Ftrl hT',hlf It lEh lE litsrBtl, ] ll I
Jsan Alberico
Doc Fee:0,0@ GRRFIEL0 C0UNTY c0
A-l
IN WITNESS WHEREOF, the parties hereto have executed,-or caused to be executed by tl.tejr .
Juty authorized officials, this Agreement in three (3), each of which shall be deemed an original
on the date first above written.
County Road 109 / County Road 154
(sEAL)
ATTEST:
Project No. 2000075.02
OWNER:
L.B. Rose Ranch. LLC
BY
Name
Title
(Please Type)
Name Williarn J. Hatch
(Please Type)
Title Managine Principal
(sEAL)
ATTEST:
Address c/o Gate Caoital. LLC
650 Delancy Stre-qt
San Francisco. CA 93107
Telephone
CONTRACTOR:
Gould Construction. Inc.
BY
Name
(Please Type)
Name Mark Gould -.(Please Type)
Title Owner --
Address P.O-8ox l3O
Glenwood Sprinqs..CO 8l 602
Telephone (970\945-729t
Title
llll llthltilLrtHll, lflr[ErH ! FlllFll llhll ll ] l hl ll ll I
Reception$:868310
9'',-i3779' F"gi;ll ; i8. BB oi3"P"3 lB:64'3nnp I st-o couNTY co
A-2
I I I I H I tr lltt lli fl [t] i HlI' Hl l+,il' l'iill L'L+ L1' Il l''l'[ B'1,
Receot ionfl : 86831Oosl2ll2o15 o3:17: l5 Pfl Jsan Albericoia';i'i3'F"i-r"ii66.b6 ooc Fee,o.o0 GARFIELo couNrY c(
llll
ostzllzo1s o3:17: l5 Pfl Jsan Albericoia';i'i3'Fei-r"ii66.b6 Doc Fee,0.00 GARFIELo couNrY c0 Bxhibit
H
Jne
'Ried lnrorct Fe Calculalion lvorkshctt - REIIUILL Tf,ST
1
-filloblc
l.\clds n flhrc
?mjcct / Application lrorbridgc Phasc I I I
tnfiic Study Aref, 9
-ud Urc (Nunber of Totrl Dmlling Uni6, Including ADU6) 6l
Datc PrcJnnd sl'll20l5
ldentificd rn REsolutlon 98'18
2
3
4
5
5
Brsc Road Cost 52.240.000
Rold Copaciry in ADT I 8'433
BosdcostpqADT tl2l-J2
ADT prY Land U* ''51
Barc Road lmpsct Tcr Ircr Llnd Ulc S'' 162'96
q! idcntllicd ln ReElution 98'28
{3 idrntifled in Resolution 9t'28
ihould march Resolulion 9E-2E
i.tEd or ITE Manual
7
8
I
10
1l
rAX CREDIIS
illol. of Amud R&t! Pmpcrty Tsx FGr Lmd Ur 518' 16
:ourty Di$Otrt Rrlc 5'O0"/t
Road Dcsign Litc (Ycaa) 2a
Prcscnl Wodh Faclor 10 84
P?6perqT.r oldit 3305'25
countv w*kb@l
Multipty Unr 7 by tine lo
Road
Rate l
and Brrdgc Mill t ry for 2014is 35
updrted annuallv by TtcrsureB olficc
12 UNADTUSTED BOAO IMPACTfTE 98t,.,0 B^E u iubtr€cted from UnE 6
1t
l4
15
16
NTIATION ADIUSIMTNT
).nve..8outdcr cPl Ye.r of Cost EstimEte 158.1
)edcr.Eouldet CPI Year ol lmoacl Fee Calc 235'4
n{latlon Factor 1,4489
,Rt.coNsTRUCTrON rNflATlOil aDJUSTED IITTPACTFEE 5l'217.06
{ot!: C:lftlrtloB not nrcast3ry It con$rgatlq @rt lltimate lr the
iame yeaf a3 the fcc b coll6l.d
:Pllot L997
istimalld CPI ,or 2ol4
JE 14 divld.d by Llne 13
\rultipk Ljnc 12 by Linr 15
t7
l8
l9
20
,O5I{ON5TRUCTION COST AOIUsIMENT
bunty oisdnt Rate s.Oel
!ot!: ll the D.d conrSructlm m3 fiEncrd, derive the linrnced
"te
from the debl teprvmenl rhcdul! pcParcd [or thc lin.ncing
tod wbstitutc fhe dcrivcd ratt tor tho DisEount nElr
tetm (Years lnce lhe road was @nstrudcdl li
bmpound lnrersr Multiplilr 1
Not"; ln lhe tose ol debt linaninE, €nrer the imPuted multiPlicr
lrom the dlbl senlc! !chedulc prcp.lcd lor lhe financr
nllrumrnt.
POST.CONSTRUCIIONADJUSIED IMPACr'EIE 5857.7(
l.l! upd.ted aanually bY TrcasuE73 oloG
bunty worlbook
Muhiply Un. 12 bV L'rae 19, N/A rf Linc 18=0
rorAl rEE roRrorAt NuMBER oF DWEII|NG UNtrS l-?mri,
r/zorFEEToBEpAtDArHNArprAr l..........,:::.l::.::.......mEi
MPACI FEETO EE COLECTEDWTH EACH BUILOING PERMI [..rc!
Muhipll Lin? l6 by l,hmb.tol Dvvcllirg, Unit3
Total fee divldcd by 2
t/2 of Fee dividEd by Numbe, ot Dwcllln, Unilt
Not!s
1e
4s idcntificd ln Rc:olutbn 98'28
1 lronbridgc ?hase l. ll nud lll
Prcjcct if Application
frafiic SNdy Arca
Lmd Usc (Nuntber otTolal DwGlling Uf,ils, lncluding ADUs)
Date PrcpErsd
I
316
5ltuzot5
2
3
4
5
6
Bmc Road Cost
Rosd copacity in ADT
R@d Cost ps AtiT
ADT pcr Lond U3c
t rse Rosd tmPatl Ftc Per Llnd U$e
$1240.000
r8,43i
sl2 t J2
c,51
st,t62.96
$ id.ntiried ln Resolution 98'2t
ls identificd in R*olution 98'28
should match Re!olution 9&28
B:3ed on ITE Manual
7
a
9
to
11
TAXCREDT'I'S
80% ofAnoual R&B Propcrq Tax pcr Land Use S28 16
Couf,ty Ditcount Rlr c 5'00o"o
Rold Dsign Life (Ycs) 20
Prcsnt Wonh Facror 10'84
PropErty Tax crGdit S305'25
and Brldge Mill LevY Ior 2014 i: 3,5
updrted unuallv bY Treasur!15 OfflEe
Counryworkbook
Multiply Lldr 7 by Line 10
12 JNADJUSIEOROAO IMPACTTEE 9857'7(ioe l1 s[btratted lrom Unc 6
13
14
l5
16
Nf I.AT,'ON ADJUSTMENT
D.nver-Soulder CPI YGarof Cost EttimEte 158'1
DenveFB@tdgr CPI Year ol lmoacl Feo Calc a35A
tnlbtion Factor 1 4889
PRE.CON5TRUCNON INFIATION AD'USTEO IMPACT TEE 5I'217'(J6,
Note; c.lculation not necessary lf Gon5truction Gost Gltlrute i5 thc
$me year ar thq fee is collectGd
CPI lor 1997
Estimeted cPl fot 2014
LlnE 14 divided bY Uno 13
Multiply line 12 bY Un€ l5
t7
18
19
20
POST.CONSTRUCNOil COST ADJU5TMENT
CounlY Di9@unt Rate 5'AO%
Note; lfthc road @nrlruction w63 linanced, derive thc financed
rate lrcm the debt repaymont rchedule prcpared fot the liaaacing
and ,ubstitute the derived ,atc for tha ois@unt Rale
Term lYears rlnce th€ road gas(onstructQdl 17
compound lnte16! MultiPII.r
l,lotr: ln rhec.E of d.bt lhani;8' enterthe imputcd multipll'r
frm the debt seilice 3chldule plepared fot thc ritrtnce
inltrumenL
POST'CONSTRUCIION AD]USTED TMPACT TEE St57'7C
lata updatcd.nnually by Trerrurer Offlcc
wo rkbool
Multiply titrc 12 by Line 19, N/A if Linc 18 =0
rOTAt FEE FORTOTAL NUMbGR OF DWETI.ING UiIITS I-_iEi
1/2oFFEEToEEPA|DATHNALPLAT l-5t6ffi95-
IMPACT FEE TO BE COTTECTED WITH EACH BUII.DING PERMTI I_g
vultlply Lin. 16 by Nomber ofOw€llin8, Units
fotal Fe! divldcd bY 2
1/l ol Fcc divlded by Numblr ot Dwlllin8 Unit!
rl ll ilrrrtiltll itlil l'"llir I Htil} tU l l $lHrU I il :l' ll :l U'il J ll I
Receotion$:8EE31O
9{ * 1g'?"?"i13:lE BU oi:"P'3lB:66"Ennr,..o couNrY co