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HomeMy WebLinkAbout1.0 ApplicationO XcelEnergy"' PUBLIC SERYICE COMPANT To: Board of County Commissioners clo Airport Manager 0375 C.R. 352, Rifle, Colorado 81601 From: Jim Hanson, Sr. Agent, Siting & Land Rights 550-1sth Street, Suite #700 Denver, Colorado 80242 Date: October 31,2007 RE: Public Service Company of Colorado, Request for Exemption from Subdivision Dear Commissioners: I am sending this letter to introduce myself as the co-applicant with the Garfield County Board of County Commissioners in a Request for Exemption from Subdivision. My title, and contact infonnation, is attached at the end of this letter. I am speaking on behalf of Public Service Company, with the authority as a Senior Siting and Land Rights Agent, to request that the Company be exempt from full subdivision review to facilitate the conveyance of a portion of property currently owned by Public Service Company to Garfield County for airport purposes. Public Service Company is to retain all existing rights to use the Remainder Parcel for utility purposes, and to retain the possibility of dividing its Remainder Parcelthrough a regulatory exemption process, Public Service Company is the current fee owner of a 59.493-acre parcel of land in the SW1/4 of Section 14, Township 6 South, Range 93 West of the 6th P.M., Garfield County, Colorado. Public Service Company and the Garfield County Board of County Commissioners have entered into a mutually executed Purchase Agreement, by which Public Service Company, "Seller", has agreed to sell to the Garfield County Board of County Commissioners, "Buyer", a 4.305 acre parcel out of the 59.493 acre parcel. This is consistent with the Purchase Agreement. The legal description for the 59.493 acre parcel is referenced in the Special Warranty Deed, Assignment and Bill of Sale on Exhibit B-1, and is attached hereto. Public Service Company has a 10A% fee interest in the 59.493 acre real propefi parcel. This Remainder Parcel will continue to be used for utility purposes related to providing electricity and gas to Public Service Company customers. The Remainder Parcel currently contains improvements including an electric substation and lines for the transmission and distribution of electricity. The electric lines enter and leave the substations and the property for the purpose of supplying electric power to PSCO customers throughout the geographic service territory. Public Service Company and TriState Generation and Transmission Association, lnc. share interests in the personal propefi referenced in Exhibit B. I have completed severat internal corporate processes, and have received approval from Public Service Company to sell the 4.305 acres parcel to the Garfield County Board of County Commissioners. The 4.305 acre parcel will be used for road realignment and airport runway purposes, and as currently planned will not negatively irnpact the Remainder Parcel or PSCO operations. We are satisfied that the eventual relocation of the transmission towers, that are cunently located on the 4.305 acre parcel, will not impede us from delivering electricity to our customers. Public Service Company, by virtue of the Colorado-Ute bankruptcy proceedings, acquired an access easement to the property. Access is not impacted by this transaction. Access to the property is from the east end off of County Road 319, and is not impacted by this transaction. The access easement is attached hereto. Finally, the real property transaction between Public Service Company and the Garfield County Board of County Comrnissioners will not have any adverse impact on the water and sewer facilities cunently located on the property. The Warehouse building and the Telecommunications building both take water from the dedicated on site witer well. These two buildings are also connected to an on site septic system, The water and septic facilities existed when PSCO originally took title to the property, are located entirely within the boundaries of the Remainder Parcel and neither the requested division of the 59.493 acre parcel by Subdivision Exemption, nor the real property transaction will have an impac't on them. Regards, i^-+-\ o-ps',= Jim Hanson Sr. Agent, Siting and Land Rights 550-1sth Street, Suite 700 Denver, Colorado 80202 Phone: 303-571-7367 FAX: 303-571-7877 E-mail : jim. hanson@xcelenergy. com ooCz--l no a Ul+o -U n TNt- (n Trl R; ZZ--l 6) ;U C)oo>rnOAa(,r ---{(oo j\ IN1)OCzz.rn= .U vo ,€ Y>= 'Tt oCam ;'r oz. { l, -on Noz-t r- ao t- t-5 I(,oq t-F PUBLIC SERVICE.GARFIELD COUNTY REGIONAL AIRPORT EXEMPTION SITUATED IN SECTION 14, TOWNSHIP 6 SOUTH, RANGE 93 WEST OF THE 6TH PRINCIPAL MERIDIAN, COUNTY OF GARFIELD, STATE OF COLORADO. sBs'15'E EXEMPTION SURVEY LEGAL DESCRIPTION: A PORTION OF UND LOCATED IN THE SOUTH HALF OF SECTION 14. TOWNSHIP 6 SOUTH, MNGE 93 WEST OF THE SIXTH PRINCIPAL MERIOIAN, COUNry OF RIFLE. STATE OF COLOUDO. MORE PARTICUURLY DESCRIBEO AS FOLLOWS: COMMENCING AT THE CENTER OUARTER CORNER OF SAIO SECTION 14: TBENCE SOUTH 00"58'M" WEST A DISTANCE OF 655.00 FEET TO THE POINT OF BEGINNING; THENCE SOUIH 01'08'50, WEST A OISTNCE OF 260.14FEET: THENCESOUTH00"5034'WESTADISTANCEOF3g.S5FEET: THENCESOUTHsS'4157"EASTA DISTANCEOFI3IS.0TFEETToTHESOUTHEASTSIXTEENTHCORNEROFSAIDSECTIONl4i THENCEsouTi 00'56'07'WESI A DISTANCE OF 1313.57 FEn TO THE ilST SXTEENTH CORNER OF SAID SECTION 14: THflCE NORTH 88'32'37'WEST- ALONG THE SOUTH LINE OF THE SOUTHWEST QUARTER OF THE SOUIHWEST OUARTER OF THE SOUTHAST OUARTER OF SAID SECTION 14. A DISTANCE OF 1318.44 FEEI TO THE SOU]H QUARTER CORNER OF SAID SECTION 14i THENCE NORTH m"58'08" EAST, DEPARTING SAID SOUTH LINE, A DISTANCE OF 655.16 FEETi THENCE NORTH 88"37 09. WEST A DISTANCE OF 658.88 FEETI THENCE NORTH 00'$ 51" EAST A DISTANCE OF 6g-07 FEET: THENCE NORTH 00'45!6" EAST A DISTNCE OF 95 01 FEETi THENCE NORTH 01.05'22" ilST A OISTANCE OF 308.96 FEET; THENCE SOUTH 88"46,28" AST A DISTANCE OF 659.22 FEET TO THE POINT OF BEGINNING. CONTAINING 59,493 ACRES OR 2,591,507 SOUARE FEET, MORE CR LESS. LOT 1 (AIRPORT PROPERTY) LEGAL DESCRIPTION: A PORTION OF UND LOCATEO IN THE SOUTH HALF OF SECTION 14. TOWNSHIP 6 SOUTH. MNGE 93 WEST OF THE SINH PRINCIPAL MERIDIAN, COUNft OF RIFLE. STATE OF COLOUDO. MORE PARTICUURLY DESCRIBEO AS FOLLOWS: coMMENCING AT THE CENTER OUARTER CORNER OF SAID SECTION 14: THENCE SOUIH 00'58'&'WEST A OISTANCEOF635.00FEETTOTHEPOINTOFBEGINNING| THENCESOUIH0l'08'50'ffiSTAOISTNCEOF 260,14 FEET; THENCE SOfrH S.59'18" WEST A OISTANCE OF 660.65 FEETi THENCE NORTH 01.05,22. EAST A DISTANCE OF 308.96 FEETi THENCE SOUTH 88.46,28, ilST A DISTANCE OF 659.22 FEfl TO THE POINT OF BEGINNING, CONTAINING 4,3O5ACRES OR 187,538 SOUARE FEET. MORE ORLESS. 16.5' MONTAN STAE LOT 2 (REMAINDER PARCEL) LEGAL OESCRTPTION: A PORTION OF LAND LOCATED IN THE SOUTH HALF OF SECTION 14, TOWNSHIP 6 SOUTH, UNGE 93 WEST OF THE SIXTH PRINCIPAL MERIDIAN, COUNry OF RIFLE, SIA1E OF COLOMDO. MORE PARTICULARLY DESCRIBEO AS FOLLOWS: COMMENCING AT THE CENTER OUARTER CORNER OF SAID SECTION 14: THENCE SOUTH 00.58.U, WEST A DISTANCEOF655.00FEET: THENCESOUTH0l'0S50"WESTADISTANCEOF260.I4FEETTOTHEPO|NTOF BEGINNING: THENCESOUTH00"50'34"WESTAOISTANCEOF39.S5FEETT THENCESOUTHSS'41'57"ASTA OISTANCE OF 1 31 8.07 FEET TO THE SOUTHEAST SIXTEENTH CORNER OF SAID SECTION 14i THENCE SOUTH 00"56,0T.WESTAOISTANCEOFl3I3.5TFEETTOTHEASISIXTEENTHCORNEROFSAIOSECTIONl4: THENCE NORTH 88'32'37"WEST. ALONG THE SOUTH LINE OF THE SOUTHWEST OUARTER OF frE SOUTHreST OUARTER OF THE SOUTHEAST OUARTER OF SAID SECTION 14, A DISTANCE OF 1318.44 FEET TO THE SOUTH OUARTERCORNEROFSAloSECTION14i IHENCENORTH00'5808"AST.DEPARTINGSAIDSOUTHLINE,A OISIANCE OF 655.16 FEETi THENCE NORTH 88'37 09" WEST a DISTANCE OF 658.88 FEET: THENCE NORTH 00"56'51" ilST A oISTNCE oF 69.07 FEfl: THENCE NORTH 00'45"6" ilST A OISTANCE OF 95.01 FEET: THENCENORTH86"59'lS"ilSTADISTANCEOF660.65FEETTOTHEPOINTOFBEGINNING. CONTAINING55.188 ACRES OR 2,403,969 SOUARE FEET, MORE OR LESS. NOTES: 1, THIS SURVEY DOES NOT CONSTITUTE ATITLE SffiCH BY OLSSON NSMhTES TO OffiRMINEOMERSHIP ffi USEMENTS G RECORD, FOR[L INFORMATIfr REGAROING USEMENTS. RIGHT$OF.WAYNO TITE OF RECOM, OLSSON $SOChES RELIED UPON TITLECOMMITMENIPREPARED BYCOMMONWilLTH TIILE COMPNY OFGMFIELDCOUNry,NC., FIENO, O7O8O39A, EFFECTIVEDATE: oCTGER 8, 2m7AT7;59M. 2. NOnCEi ACCORoING T0 COL(ruO UwYOU MUST CoMMENCE NY LEw ACTION BASEo UrcN NY DEFECT lN THIS SURVEY WITHIN THREE TRS AilER YOU FIRST DISCOVER SUCI DEFECT. IN NO EVENTUYANY ACTION BASED UPONANY DEFECT N TNB SURWSECOMMENCED MORETHAN TEN BRS FROMBEDATEOFfrECERIIFICAIIONSHOWN HEREON, 3. AW PERSON WHO KNOWNGLY REMOVES, ALTERS OR DEFACESAW PUBLIC ND SURW MONUMENTND/OR EOUNOffiY MSUMENT OR ACCESSORY, COMMIIS A CUSS ilO (2)MISDEMMOR ruRSUNTTO C,R.S, SEC,1&ffi. 4. m56 OF BARINGS: BffiINGS ARE BASED ON THE SNTH LINE OFTHE SNTHreST oUMIER OF SECTIS 14, TOmSHP 6 SOM, MNGE $ MST OF THE SM PRNCIPI MERIDhN. COUNfl OF ffiFIELO. STAIEOFCOLOMO, BEMEN MONUMENTS FOUND N SHOWN HEREON, BEING NORTH 88'32"34'4T WEST WTH {L BffiN6CONTAINED HERES REUffi BERflO. 5. DUETOffiIHEMTrcE ERRORSWtrHIN THE LEGIDESCRIPTIMSMCILtrANMSOF *EMEMSCOUIONOTEE DEERMINEO, THE LOCATION FOR ALL ilSEMENIS AS SHOM HEREON M MPROXIMTE. c1l4msc14 F@NO 5.t mS Cp re r959a F@ID BT NO 5 MAR ruND Nq 5nfr r0rNC Cpre29 P.O B EXEUmIO\ A!O LOrruNO3Em ruxD rc. 3 mm unEdfficm,reg2 BMK IOI4 PAGE 259 od oz ,\6tt ;Lo B B * 1,/18 Cfi. SC 1+ FOND a25: mAS WPE 7$4 N o' ,00' 200' 100' ---SCALE IN FEET N8AlZyru rJt&4,1 SURVEYOR'S CERTIFICATION: I, DNAL, SPERLING,ADULY LCENSED ND SURVflOR INTHE STATEOFCOLOWO,OOHEREBYCERNil FOR ND ON BEHIF OF OLSSON ASSOCATES. THATA SURWY S frEffiOW OESCRBEO PREMISES WAS CONDUCTED BYMEORUNOERMYRESPONSIBE CXARGE ON MIOBER23, MOT| IFURfrERSTATTNATSD SURVEY ND THEANACHEO PRINT HEREON MRE ME N SUESTNTAACCORDNCE WN C,R.S. SEC, ffi1-l06'UNDSURVfl PUf. EXEMPTION CERTIFICATE: frIS PUT#PROVED BY RESOLUTION OF THE 8OffiD OF COUNfl COMMISSIONERS AT GARFIELD COUNfr, COLOMDOTHIS-DAYOF- 2OO7A.O,, INFILNGffiHTHECLERK AND RECffiOED OF GMFIELD COUNfr. SUCN APPROVAL IN NO WAY IMPLIES NAIfrE INFORMTION SHOM HEREIN ISTRUENDACCUUTE BUT OOES INDICATETHATBISPUT IS ffiMflFROMAND NOTSUBJECTTO REGUUTION UNDER GffiFIELD CWNil SUBDIVISION REGUUTIONSAT THE TIME OF ITS FILING, CURffi WtrNESS W HNO NO Sil S THE CNNfl OF GMWTED Amsn C&NryCLHK CLERK AND RECORDER'S CERTIFICATE: frIS PUIWAS RLED FOR RECORD Iil THE OFFICE OF NE COUNfr CTEil NO RECOMER OF GNFIELD DANAL.SPERLING, ftSru12 COUNry SURVEYOR'S CERTIFICATE: APPROID FOR CtrTENT NO FOil ONLY NO NOTTHE ACCUUCY OF SURVflS. CICUUTIONS M DWING, PURSUN TO g51.I01C,R,S.. tr NENDED, GARNELDCilNfl SURWYOR DATE COUNfl A1-O'CLMK -.M. ON THE DAY OF A.D,'AN0lsDULYREcoRDEDlNBmK-PAGE-RECEPTloNNUMBER- ATESX CTERK AND RECORDS BY: r 1,/4 COR, SC. 1+ FilND A5. roUXUM W EASEMENT NO'IES: I. BOOK 367, PAGE 59O IS A ELANKET EASEMENT GRANTED TO GARFIELD GAS OAI}IERING COMPANY CO\ERING]HE SE I/4 OF SECTION 14. EXCEPT FOR A TWO ACRE PARCEL AS CONVEYED BY BOOK 217, PAGE 498 AND IS NOT PLOTTED. BOOK 55 I. PACE 4?3 Jd AffiEMT i,4 ll l--""-*,,".,.j,/ I tt , ,.'.r.i I l---l-- ------ u. ,r| '-r--+- z'i il cffi. {c. 14 FQND SUE YilUT8T ttirt lrt'ffiElqilT il-l *'*;": r FilxDf6-uutxuucp / \:. --_- -__ ACCSUgiltI I I *l*a- _ ry&zpae7JlI r I \1. -__ --_1 B^sEoN2m^iRt[fro1w^By LL+--;.2-:------ -'--:: | \- -\\ L--.1------==,-----E===----=----''-- \ zro:l/l o 3xo bt I E i B6 E6 69 E3 !E :3 t. IF EIE a t< 5 lc de l- I ut tla zo FrL uJx LJ Fx.oLt J zI t1lE Fzf,oooJ ti.l Lt (, NoON oo troJ-o rriJL! d. drom br _E!l!ch.# br""...--..."...":gls opp.od by OE oalm br _D!!proFct no.: ______-.109q=!.:4! d.oilne ao!qE!!E!_g!!g dota _____-__--_:)gb/g SHEET1of1 =-------- = = ===== ==== = = == == = E t/0 m sc 14 --------tum a5'ms wrc79 FIGURE 3. PROPOSED PARCEL 15 SITE PLAN HORIZONTAL SCALE: 1":2OO' PUBLIC NOTICE TAKE NOTICE that the Board of County Commissioners, Garfield County, State of Colorado and Public Service Company of Colorado, have applied to the Board of County Commissioners, Garfield County, State of Colorado, to request an Exemption from the Definition of SuMivision, ptrsuant to $30-28-101 (10) (d), C.R.S. as amended, in connection with the following described property situated in the County of Garfield, State of Colorado; to-wit: Legal Description Township 6 South Range 93 West of the 6ft P.M. Section 14: SWI/4SE/I4, SEI/4NEI/4SW1/4, NEI/4SEr/4SW1/4. Practical Description The subject property is located southwest of the Garfield County Regional Airport, 346.9 feet south of County Road 319 (Airport Road) and approximately 2,000 feet west of the intersection of County Roads 3 19 and 352. T1r,,e street address is 620 County Road 319, Rifle, Colorado. Reque.st Description To divide 4.305 acres from approximately 60 acres of land through subdivision exemption. All persons affected by the proposed Subdivision Exemption are invited to appear and state their views, endorsements or objections. [f you cannot appear personally at such meeting, then you are urged to state your views by letter, as the Board of County Commissioners will give consideration to the comments of surrotrnding property owners and others affected in deciding whether to grant or deny the request. This application may be reviewed at the office of the Planning Department located at 108, 8h Stneet, Suite 401, Garfield County Admin Building, Glenwood Springs, Colorado, between the hours of 8:30 a.m. and 5:00 p.m., Monday through Friday. A public hearing on the application has been scheduled for Tuesday, November 13th, 20/0.7 at 10:15 a.m., in the County Commissioners Chambers, Garfield County Admin Building, Suite 100, 108, 8th Street, Glenwood Springs, Colorado. Garfield County Regional Airport Garfield Comty Oou rnol' /)'" - '///) c to y'' /* // ;/1o'cr-ocd fi.x- APR i 7 199ilILDnED ALSDORfe CouHTy CLERX Boox 828 pactgEs-t r. :' Es.cnDED- ts- /OA^.i . i FE.-;--433745 :. ,t . GARFIED c$JJire €**JtL 3 'tt asL q ll</6" SPECIAL ItrARRAT.ITY DtrED, ASSIGNME}.IT AM Brr r-OF SALE '| Return To: Chicago litle of Co1o., Inc. L225 17th St., Suite 1570 t I I Denver, CO 80202Attn: Don Ford r co(D (o a?ooo ,- / .,O*Zht(1 \s.Y cI\'s.NsNa\T 0I\) $s I IQ is t' I l,- @olo ltJ l! CE.Q\Js THrS SPECIAI, WARRA}I:Tv DEED, ASSTGIIUENT AND BILL OP SAI,Ej-s :!ade as of the i 15th day of April | 1992, Frnong Colorado-utc Electric larociatiol, Iac., a colorado cooperative assocLation whose addre,ss is 1845 South Tovnsend Avenue, Hontrose, Colorado, Victor E. Paluderi jwhose address is 245 Park Avenue, ,35tb Floor, l{ev York, Heu York (t}re r?rusteen), as Trustee for the Estate of Colorado-Ute Electric Association, Inc., in Banlcnrptiy case No. 90 B 03?61 c, United States Bankn:ptcy court. for ttre Dlstrict of colorado (the ttcourt"), collectively the gRet*roRari trrl-Etate ccDeratl,o!, aDd ?raElrlicsioa Associatiotr, IDc., a Colorado cooperative associatlon nhose address is 1.2076 Grant Stt'eet, Thornton, Colorado (n1ti-Staten) and llrJbllc Sarrricc ConPaDy of, colorad,o, a Colorado corporation shose address is 1225 17th Street, Denver, Colorado (rPSCo"), collectively,the GnAlf,fEES. i this inst:rruent is raade pursuant to that certaiq order of the Court dated February 19, 1992 as suppleuented by that order of ttre Court dated Harch 20, 1992 in.Bankruptcy Case No. 90 B 03751 C(the ilordern), which order'is attached hereto as.Exhibit n. The premises conveyed by this instnrment are conveyed as Assets (as referred to in the Order) of coiorado-Ute which Gn-}lXfORa are authorized to se}l pursuant to the order. 1. Segy.gyg!-g. The cR lllroR'8 , for good and valuable consideration, the receipt and sufficiency of. uhich is hereby acknosledged, have granted, bargained, sold, conveyed and assigmed, and by thete presents do grant, bargain, seIl, conve,y and assigm to termre96 l> t I I iII a i I I ; f$ rrl.-state and r19ht, title, (collectivelY speci!ied: Ii a. substatlons. Undivided ornership interests tolEi-State and PSCo as specifled on Exbl&il-g, attaclred hereto,in the substations whlch are located in the County ofGarfleld, State of Col,orado and are described on .EXbj.bIl-E(the rsubstationsi), togrether vitb aJ.J. transfo::uers, circtritbreakers, suitcbes, ueters, control. btrildings, busnork,conductors, pouer.. line carrier and related equipnentconstituting the Substatj.ons (the trsubstaui.on Equipnenti) ; b. Rpal PrapeEEY. To PSCo an undivid,ed 100t osnershLp interest in and to all of the real. property legallydescrl.bed as set f,orth in Exhibit. B-1, attached hereto,together vith alL and singrular tbe hereditauents and appurtenances. tbereto belonging, or in any way appertainingtherefo, and -the reversion and revelsions, renainder and reroainders, rents, isiues and profits thereof, and all the estate, right, titIe, interest, claias,and denand vhatsoeverof the GR.uuoRs, either in law or equity, of, in and to the bargained prernises, with' the hereditanents and appurtenances(tlre trReaI Propertyx), together urtlr: | . i. 111 rights to ditcbes, reservoirs, and,reIIs, and alJ. adjudicated and unadjudicated sater rights and rights to qurface uater and grround rrater on, under, used ufon or in/connection wittr oi otlrqrrise appurtenantto, .the Rea:l Propertyi i .l ' ii. All uLneral. interests in, to and under the ReaI Property not :heretofore conveyed, excepted, or reserved by otlersl and It iii. AII rights of uay, easenencs, licenses,penaits, unexgrired leases and otber real propertyinterests nicessar? fOr the operation of the Substations,includlng but not liaited to ttrose identif,ied on Exhibi-qB-1 attached liereto (the iother Interests,); provided, hoveveq, that the substation located on tlrat part of tbe Real Property comonly irnorrn as. Rif1e 3{5 kV Sub .Area Er and the narehouse located on tbe ReaJ. Property cora:aonly knorrn as ttre nttfe l{arehouse are specifically extfudea fron the ReaI Property conveyed herein. : 1 I I Eoo( 8% rff9E6 PSCo, their successors and assigms forever, all and interest of the GRIII1!OR.8 in and to the follouingtbe- rConveyed Assetsx) in the Eanner hereinafter l*r-tt96 a00x 82S nsE987 -1 aa" c. PgrsonpJ.-. Prooerty. Undivide<I ownershipinterests to Ttci-state aud PSCo as speeified on Exhibit B, attached hereto, in all other furniture, fixtures, equipnent and otner tangible personal property uhicl^ is located on the Real Property or other Interests; exclusive, however. of (i)all inventorT, tools, spare parts. shop and garage equipuent,stores egulpnent, porer operated egu';ipaent, and otrhe-r rnaterials and' supplies shlch'are Iocated at, related to or used inconnection vith the Substations and (ii) aL} teLecoununi- catir',.rs equipment located at the Substations, including butnot ll.aited to, nicrotrave, tno-uay radio, telephone,satelllte, flber optl.c equipaent and, related touers andstructures (the nPersonal Propartyr) . I i Exqgp-tjngjlnd.exclqdinq fron this conveyance the federal incoae tax ounership and unrelated tax benefits associated vith Rif1e 345 kvI?ansnission sub Area A and.'ififfe 345 kv fransnission Sub Area Bheretofore conveyed by Colorado-Ute to Norfolk and Hestern Railruay Coupany ("N &,l{") pursuant to a Safe-Harbor Lease dated Septeuber20, 1982 betwPen N & W and Colorado-Ute- z. Sq]refance- The GR;I}IBoRB hereby reserve all right,title and interest in and to the telecou:uunication eguipuentIocated on or affixed to the Real Property and other fnteirests,includlng, but not lluited to, aII nicrowave, tvo-vay radio,telepbone, satellite, fiber optic equipnent and related towers andsttltctures, and trtre GRlrt:EoRa intend that such telecoununications eqr:.ipnent be severed, fron the Real Property and Other Interests,even if physicaify,attached tbereto ind deened to'be personal.propeft,y. The GR.a1IToRE furttrer reser,ve a iicensei in]and to tlreReal Property and other fnterists upon' vhich such telecoumunications equipue,ilt is located, which License shall pe:mit the Gnell,l[oRS, and their successors and assigns,l to aI]ov the telecourmunications equiproent to rqaain localed on sucti ReaL Property and other Interests. The license hereby created shall beperpetual and rent' free; provid,ed, tbat, such license: shalLautomatically terainate at such tiue as the tel"t-co unicationsequipuent is no longer utilized by the ouner or owners of suchequ5.pnent. r iri:3. capacitv Entitlerne.n!. An entittenent for Tri-State and PSCo to make use of tle transfer.capability of the Substationsin the tranner specified on Elhibit -q, atiached hereto, (thenCapacity Entitlementsn). The Capacity E:rtitLeroents are subject to and nay be nodified fron tine to tiue in accordance uith, the te:nsof that certain Contract for Interconnections and TransnissionService dateC ,aq ofi epril fS, 1992 by and, between' Tri-state and PSCo. The ormership'interests in the Substalions are specificallysubject to the resiective capacity Entitleilents'of fri-state and PSCo which are herein assigned. I D brIErt6 I l. ,'i ., - : ::=:: , t,ffi tl r I t a I s. .t Eoor 828 nffgSS {. Pe:mitted Liensr--. -Ite..ponveyed }.ssets are hereby granted,- bargained,. sold, conveyed and aeeigned pursuant to tbar*' order-free and clear of all liens, claias, encuEbranccg, righta of third.: pa:tles and interests to tlra'extent ef,fected by the Order except.for ttre liens for crrrrent real property, pcrsonal property or ad valoron taxes which are not yet due and payable, uhich lieng are pe:aitted under tie order (tlre rPorritted Llensr) - 5. Srreclal, If}:rranty; LLnltatlon on ,Ifar13rntl$lr. 'll a. 5he Trustee hereby covenints rLtlr the GmIl8E88, t-helr auccessors and assigns to the Conveyed Assets, that the tnrstee has not, for hls part, done, executed, or sUffered any __- 4ct. gf _thing whatsoever.ihereby the above-described Conveyed essetJ or -Jny part tlereof, nor or at any ttt" hereafter,i shall b€, inp-erilea, charged, or encu:abered in any E'anner' whatsoever other than the petmitted Lf.ens, and tbe [?ustee hereby agrrees 'ttrat he shal1 rarrani and defend ttre titie to the Conveyed Assets against aL1 and every Person and persons clal"uing the nhole or any part tJrereof ttr.rough or under the r T:nrstee. I b. i Tlre Tnrstee, for binself and his successors and aesl,gns, .covenints witb, the GiEilf,lEEB and tbeir succeasors and assigms to tlrerConveyed Assets ttrat ttre I?ustee lras good and iavful right to grrant, bargain, se!.I, assigm.and eonvey-alI riEbt, tiite'and -lnterest, Lf, any, of the GRr$roBg in and to ttr6 Conveyed Assets pgrsuant to the-Order, and tlrat all acts, conditloni, and, tbin-gs required by lar to be perfor:add by tlre fnrstee rela|ing to ttre authority of t-he Trgstee to exeeute ', and dellver t[1s instnr:oent bave happened or have been perfo:med in a fo:o and :uarurer as required by Iaw. t\ hr-,rI -{- l I : - D00x S28 Pt0r989 C, .NOTHITI{S?A}IDING A}IY STATIHENT OR .[rYfiIr}IG Er^sE.. IH THIS S}rCIEL W}RR}LNTY DEED, ASSIC}IHE}IT AXD BrI.L OF SAI,E ro:TIE COICf,R.},RY,. EXCEPT AS E)(PRESSLY SEr POR1IH r}' PARAGRA.PHS 5(A)AltD 5 (b) , rrIE TRUSTEE XAXES No REPRESENTi,TfONS OR I{ARUTNTIES.OF }'XY KTND OR NAIrURE WHATSOEI/ER TO CR.III:IIIS OR, GTIrIEE.B' SUCCE.SSORS A}ID ASSIGNS. i -n HrrNEss *HERE.F, 'GRilClOR8 on the date set TgE rrli..Sri: Victor H - Pallqieri this lnstrunent has been executed by thelorth above. v2Q,,-." V:.ctor H. Palnieri, iruCtEe S:rATE OF NE}T JERSEY €o"rrLcouN?Y oF-+i{iD3dfl Jl The3/"'a"y or _t6r the Estar ) ) ) ss. Bankruptcy case No. goBo3761c, unlted states Bankruptcy court forthe District of colorado. wltness ruy hand and offitiai seal- : i .^-tZ:"'?:?.c:l:ri:.v HATVER or RrcHT To pAa?rrroN ",i;!:f,i';;:i;,,ri;.: .;;S So-)rong:as th-e Substatlons whLch are ormed on an undlvlded basld byTrirstate and PSCo, or.; any part thereof as ori.ginally constnrctedlrecrinstrucqed or oad"a' tc-li used or useful foJ the tlansnj.ssion ofelectrlcar porrer and energly, or to the end of the period pemittedby appllcable'lan, rhlchever llrst occurs, I?i-State and pSCo eachhereby waive (heir,rlght to partltion, uhether by partition in klndor sale and division of the proceeds thereof, and agree that theywiLr not resort to any actlon at lav or in eguity to partitlon anifurther vaive the beneflt of aLl laus that nay nov ror herealterauthorize such partlt!.on o!, the conveyed Assets conprlslng suchsubstations. A1I lnst:lrnents of conveyance whiqh effect, ev-idenceor vest the ounership interests of r?i-state or psco in a granteeor such grantee's successors and aselgns shall contain this-salver I insiruuent sas acknowledged bef,ore roe thls, }.992, by Vlctor H. Pahsieri, as Trusteef -CoLorado-Ute Electrlc Assoslation, fnc. and ln Llrrc. r?a I ra t25x Boor 828 u6t990 I agreed that "ii. covenant shall bo TR.|LNSHI S S rON ASSOCIATIO[,' i]IC...".. 1: ---.a:@/tde" ))ss. ;l "ii 5.nqr instruDent vas ack day , 1992, byin their capacitf-iE , respectively, of puE ervICecorporation. tlitness my hand and -E- ^rL The {oregoJ.ng lnstrr:nent vas acknor}edged bef,ore ae t}rl.s U__ day o(. UiJ* , tggz, brl *1, t l.Zr=-an* and lH.Ea- VgPqv- b! q> _, respectively, of Trr-State Generat,ion xy cou:rission iexpires: t d r/ I a o( right to partitlon- It is deenad to'run vltb the.land. PUBLIC SERVICE cotoRADo STATE OF COI.ORADO COUNTY OF DE}IvEa. COMPA}IY OF I l By I I i A;'#.1't3-K"s&o, Attest: STATE OF COI"ORADO. I) ss. corrNTY oF DElrvER ) T!8 qprggoJ.ng lnstrr:nent vas acknosl and .g r) b-, T4 t, , ,., fespectlvely Notary Pub and ?ransniscion Assbciition, rnc-, a colorado cooperativeassoclatlon. tf{tnesi uy hand and official sea}. : , Theofr before ue this and I CoEpany offlclal ffi-i[.tfrf+ ! ,a-ar 3.aa'a (3;crp.!\qd #';::=;4 Notar* tsubt-ic Hy cournission expires:. t46-fr t* :]' EXHIBIT A .UNITED STATES BANKRUPTCY COURT{oR THE DrsTRrc? oF corrRADo rN RE: COLORADO-UTE ELECTTIC ASSOCTATTON, rNC., Debtor. Bankruptc],' Case No. , 90 B 03751 ;C i oR,En coxrrRHrNc sEcolrD l.rElpgDl ,or* pLax op REORGltrrZlrroN,a'8 HoDxFrED, PRoPosED By ?u8r,rc gzRvrcE coHpArr or coroRlDo,P}CITICORP ELECTRTC OPERATTOXS, TRI-ATATE GEHERI.ITON AIIDERAlrSHrssxoN Assocr],Trox, rlrc- AIID rUtERXOIrlrmJN ; FIIEAT ELECAnIC ASSOCIAIToN :$Irs case, came .bef ore .he court for hearing on February 7,L992,' t'o consiier conf ira"ii"n of the second .},:rended Joint pran ofReorganizati.on prop.osed by puuric service coDpany of colorado.Pacificorp slecrr-ic . opiralions, -Ei_st"t" Generation andttansuission Associari-on,- r;":-;;a d;;;ntain R'ral ErecrricAssociat,ion, as raodified irr:- porr Solicitation llod,ifi.cations toSecond Anended Joint'1pran oc-R"organi.zation d,ated January 28, 1992and February ?, tggz jand thi; oratr l-"fiani,i-1-=* -o'**o'r.', i : { ,i:?he Court has revier+ed tire recordsconsiiered the folloring: A. objections t,o confi:mation of and. files in this ca\se and the Plan filed by: 1. Associated Electric and Gas Insurance Li:nited,and Aegis Insurance Services, il;:; 2. centdl- Fl^"-"ari_: conpany, Centel Corporation,' and UtiLiCorp United, frrc-; , --- l, 3- williaL v. ?aylos,.. ' t.' 4 - i ?he United States Depatuent of . Energy,including ur: DepartEent of Enerqy,s l{esternArea pover Adninistrat,ion; ----.7r Bank, National A,ssociation, astrusteer- { I I - 5. CenrraL. indenture . 'Capitalized tqirBs used and nothave the ueaning given to suctr t,elasAsset Purchase igieernent). I defined, in the in this Order shal1Plan (including the I o .'\N \ I .. l'.-* -..--- I .i B00x 8aB rrsiggz Nonrgsg Bank Hinnesota. Nationar Association; 7 " pyropouer corporation; and 8. united staces Tru.st Conpany of Neu york, asTrusteer &Dd the or.rner-pl"a:."ip""t=; 'v4 B' ?he memoranda filed, by certain,part.ies in support of andin opposi:ior ro tr," ouiLtioni,-a;;-;;itten a,a ocnJi tesrinonyoffered by the pr;;-pii'plr,"rrcu and, accepced, by the ciurc ac rheFebruary 7,, Lssz-h;.;i;;;"i;d ti.**!ii;"", introduced by otherparries in inrer.=t uc i,t L ;;;ri;;, .=-.. p"=.s.:i ..TH""X*:J:;, T:"ir"rt, T"1r1*.."o inro evidence uy .ri D' The offers of proof, arg:u!.ents and stipuJ-ations ruade bvcounsel for the various piiri"i Jil;;;iru"ry 7, tsgz near:ng; ani. ,.{od j.f i;a.i.'I" ptan,l .fr" uorions to Aporov_e _ posr ,"r;;;".r"1:,,trorions * ;:Ji?_i,:""ltiuended roi;; pi'u" "r Rporsanizaricn (cher:1.';:ii;4.*i:"#t1i:"::iT:Iii'::'ii?'"*X$.'":i**::iff ' .n"'Iiiilti!"?tl['r"'r"JT;'4"..n;:.::krillT"itrr.i,ovised,makes : i I 1. colorado-UEe Electric Association,. .fnc- (,,Debtor,,) filea iits'vorunt'arv^ pecition ;;;;; chaprer rr--ot --he BankrupEcy cod,e onHarch 30' ';:ll- i"--.ir"*"iln=i."o st.t"= Ji'x=,r"""y colr-,-. for rheDistr:ct of co.Lorad,o. orr'-o1 about ir*=a 17, Lggo, victor H.Palmicri'vas appror"d- uyri" court .= frru1ee for the Debror. I: ::-i: #:**, :"":"' ?:,i:IFi:I* lr i"';Ii:3.i.:,";:l :,liiif ,.:;ITransnission ar"o"iarit",-"in"- t;rli-stiie,), -and,rntqaountainRurar Erecrric . - Associ.tior, - '1"rnea.;i-' (colrectiverv ,,planProponentS"), .fileJ' .;;;i; second aien-ded _loinr -.r:.o, otReorganizationi"itris"i=Tiu.eaoecerau"r-i,,1991.rhadp]anvas nodifi.qd on January ia,- G; and February z, 19e2 r 3- Afte I connecrio,.,;i-;;.F""-":lf :?r:.ri",:i::+""i*&l."T:#.i1Ti=.,i:approved by the court,ir'oiil" dared o"""ru1r zo, 1991- :llt .Bfter approval of _!h: Disclosure Statenent, ,*. plan :Proponents causea tlpi"-=-oi'ar," approved Disclosure stat,emenE, the :l' n &." Dccx 828 P$E993 PIan, ballots for accepting cr rejeccing the PIan' and the order fixing che riue for.subnission of Uillots and for filing and serving objections to "";;1{r;;;;"i trrl pran tg be served upon arl parties in interesc in inir'"tte in accordance uith the orders of the Courtr' the locaf rufes-afpiicaUfe in this District, the Federal Ru1es of Bankruptcy Proceduie, and tne apflicabl_e.provisions of the Code, and notice of tfre -order approvini the Disclosure Statenent to be p"Uii"n"a in accoidance Litf, iii tenos. Notice of the confi:::nation hearing and of the date for-locing on and filing and serving oUjecCions to the Plan is adequate and ProPer in all resPects' 5.cnJanuary28,1992andFebruary7,.:,.992,-..t}.PIanproponents filed .rrd r"rrea tireir Post-Solieitation Hodifications and the Notions to tlodify. N;;" of t'hi :aodifj"cations adversely change the treaulent of any class of claims that, has not consented to such modifi.calions- 6-?hePian,co:rrpliesvithal].applicableprovisionsof Title 11. I l 7. The plan proponents have conplied vith "b.f applicable provisions of Title 11- S.ThePlanhasbeenproposedingoodfaithandnotbyany means forbidden bY law- g.Anypay'Ilentmadeortobeaadebyt,heF..nPrcponents,the Debtor, the rrustee,i or a p""iot issuing secu- :ies or acguiring propertv under the PIan, f.or ilr.ric"t or for costs and expenses in ;;-i,\-;";""ii"n uith the casl, or in co-nnection r'rith the Pran and i"":.a."t to the case, has ueen approved by, or is subject' to the approval of, the coura 1t reasonable'' : Io- The pLan '?roponents have, idisclosea the identity and affiliations ;i any individuals proposed to serve' after confiraation of the plan, as a director, officer, or votj.ng trust'ee of the Debtor, an affiliate of, the Debtor participating in- a joint plan vith the Debtor, Or a successor to the Debtor under the Plan; tUe appointm"niJ" "i """titt"r,". in such office of such individual is consisrenr, ;ith A;-iil;.iis or creditors and eguity security holders and 'riifr public policy,' lnd tl" PIln ProPonents have disclosed the ia"r,tity of any insider- that wiII be euployed or retained by the Debtor- and the nature of any'comPensation for such insider- i il. Any governmental legulatory couruission witlt jurisdiction, after confirloatlon of, the PIin, ov-er the-rates of the Debtor' has approved any :iate change provided in the PIan, or such rate change is'expressll qonditionLd on such approval' -3 I I I : , 1 t : I : ; I L .i .,!ox 82S ?NEg9/ I2. wit,h respec-- to each irnpaired class of claius or intereses, each noider of a cla!:a or interest of such class has either accepred the Plan or r+iII receive or recain rlnder the Plan on accounr of such claira or interestr ProPlrty of a vallue, as of the Effective DaEe of the Plan, t,hat is not less than the anount that suchho}der,o,lasorec"iveorrecainiftheDebtorL,ereliguiciated under Chapcer 7 of, Title 11 on such date' 13. Classes L, l(b)(1), 3(b)(4), l!o), and t(o) are not i:npaiied under the Pla4' classes 2 (a) (1) ' 2 (a) (2) ' 2 (a) (3) '2(i) (4), 2(b),2(c) (r), z(c) !2), z(d) (?.) through (7)', 3(a)'.3(b)(3)' 4 ibi ; 5 (a) , ' -s tul ,' 'stul ,' i.[o) and ? (b) have accepted the PJan. Therefore, .*".pt'as'froriaea in Paragraph 20 of this Order, uith i"=p".C to each'class of 'claj.ms and ingerests, e'ach such class has either accepred the PIan or is not i:apaired under the PIan. I4 - Except to the eftent that the holder of a particular cLairq has agreed **o iaitferellE,,--r€!EtDent of such claiu, the PIan provides it "t;- *ith r"=p."i to a, clain of the kind specified in Secrion 507 (a) (f) or (Z) of the code, on the Effective Date of, the PIan the notder'of such clai:n siLl receive on account of such claiu cash "q"ir-t" the arlosed amount of such cl^iru' r'rith resPectr' to a class of clains of a kind specified in Section 5O7(a)(3), (4), (5), or (5) of the code, each hoider of a cLain of such class uill receive cash ;; th; Effective Date of the Plan egual !o the allowed aruount' of such claiu; and lrith resPect io a itaiu of a kind specified in Section 5O?(ai (?i of tfre Code, Che hoLder of suclr cLaim uiLl receiwe on account of 'such clain casb on the E!f,ective 'Date of the Plarl equaf to the allosed anounc oi tucf, c,,Iaim' \ ' 15. At least one' class of claiss that is', i:apai.red uader PIan has accepted .' thP iptan, dete:::nined trithout including icceptance of in"}ri", by an insider. 16. Except to the extent that liguidation is proposed i:r plan. conf iruoiion of the Plan is not likeIy t,o be f-olloued by iiei;ia"ii]" "t neea for further financial reorganizat'ion ot Debr-or or any successqr to the De,btor under ihe Plan. t L7. AIl tees payable under 2a u-s-c- section 1930, as dete:ained by the Court, at, ths hearing on confi:rrnation of the Plan' ;;;;-;;; piia or the PIan provides f5r ttre Pa'Eent of such fecs gn Lie erfect-ive Date of the PIan' 18. .I'he Plan p,rovides fOr the continuation, after ' the Effective Date, or por*cnt of all retiree benefits, as that' tera !s defined in section iru ot the Code, !t the- level ,es-tablished trursuanr to suusecrion (e) (1) (B) or (g) of Sect'ion 1114 of the code I;-;;; -airul prior to conrir:oat'ion of the Plan ,for the duration of ir.e-piri"d th; Dabtor h6g r5.Iifated itselt to provide sugh benef its- .. o the Iany I tbe rhe the L-4 t, 19. AII conditions Section ?.I of the PIan by the PIan PraPonent's PIan- ?-,:-r Boor 828 PlsE995 to confirnacion of --he PIan contained in have been eicher satisfied or duly vaived in acccrdance wich che p=ovisions of the DECREED: raodif ication 20.Notwithst,andingParagraph13.ofthisorder,alloft'he applicable reguire,ents or seciio' rrzg(a) of ihe code, other than Secrion 1129(a) (8), are net Lrith respecc to cLass 2(d) (I) ' lrith ;;$;;; io =""ri tto=s, rhe plan proponenrs uodified the Pl.an at the confiraation llearing to d'erei" poiogT lPh:.6'11(e)' 5'4(a) (i) and ;:;(;i?iit- of the plan, and to lubititute the folJ.owins as earigiiph s.4(a)(i) of t'he PIan: i "The Trustee shall establish an interest bearing account knoun as the 'Pyropower Reserve ACCOunC' on the sffeccive Date.eyropouer,s].ienshalltransfert'othePyropoger Reserve ecdount. PSCo, eacifiCorp and Ari-St'ate t'ti11 eachfundthePyropoverReserveAccountontheEf{ective D;i. "itl, cash -,:r L clean letter of credit in the 'amount af 52, coo, OOo each' l'lhen the CIas" Z ({.(r). c}ai{--shall have been l,Ilovea or disaLlowed by a Final order, Ehe Trustee shall, unless t'he CIaiE !'as disalloued, nake a ;;;;-Lg"inrt any such Le$ers of credit, in an aEount equal --o one-third of, such AlLowed Class 2(d) (1) Clain andtheTrusteeshallPayt,oPyropowerfromthePyropouer Reserve Accoung the arnolnt of the A]Ior^red C]ass 2(d) (1) clairn. Ilunediately thereafter, the Trustee shall: (X) rerurn tG origiial Letter of Credit to the 'Plan Proponenslrhofu-rnishedit;and(2)payt'hebalanceof thePyropowerReserveAccountProratat,oeachPlanproponenJ-"no deposited cash, instead of a Letter of Li"iit, into the Pyropo'er Reserve Accounc''r 1 . pyropover consented to the foregoilg:nodificat'ions and trithdrew its olj"ttion to confi::uat'ion of the Plan' 2L. t{ith respect to cl,ass 4 (b) , the court finds that in the event Class a (b) his not accepted ttre P-Ian pursuant to S 1129 (a) of the Code, t5e pi." is fair ana eguitablp. and does not discriuinate ;;;.i;it'witn i.rp""t to_such clais for the reasons stated of record ., @ Upontheforegoing,itisoRDERED,ADJUDGEDA}|D A. Tlre'Hotions to Hodify. ar-e iran:ed and --he contained in paragraph 27 of this order Is approved. j !{ t o -5- :l' : I - r ''..-'. 828 rm€96 B- The Plan is herebY confirmed 1129 0f ihe code; in accordance with Section or rejection of contracts approved- of the PLan ind anY other uaiver of the conditions this case to the S.c- S 157 and 28 and assignment in the PIan, i.s PIan ProPonentsnocice by ma j.I to each parcy uho G- ?he urisdiction over Code, 28 U. C. The assumPtion and leases, as Provided I D'. The ssles of Assets, and, to the exEent Provided in respective purchasers free encumbrances, rights of third E. The Trustee is authorized and directed to take all steps necessary and appropriaEe Eo iraplement and consutuuate trhe PIan and iif "f tfe traniicd'ions contenplated in the PIan, including but not' Ilnited 3,o execution and perfor:oance. of the lsset Purchase Agree:nent il--s"U=tantially the forn att,ached to the Plan as Exhibit, 1- F. The Order, give Conf irrnat ion Hearing -'I DroDercv of the EsEate shall noi revest j'n the Deb-'cr'r---i - I I as provided in the PIan, is aPProved the Plan, such Assecs are sold to the and clear of alL Liens, clains, parties and interests. shalt, promPt1Y after entry of this of the entrY of chis order of received notiie of the Confirmation t"* atr United H. Notwithstanding Farag5aph..7.:3 provisiot oF the PIan --hat uould"pernit Purchase Agreernent, thetorrtained in Chei Plan or |he.[sset Purchase Agreeraent, EIre conditions contaihed in Sect.ion 10.02(d) of the Asset Purchase Ag'reenenc shall not' be waived. I the Plan ProPonents andI. ?he follouing Stipulation among \Creditors' conloittee is aPProved: 1, "No Alloped, Class 6 (b) Claius of Salt' River or Plat'te River uhich a;ise fron the assr:roption or assuuPtion lrj.th modifications of I the Yampa - Project Participation Agree:sent or xaydeir Participation AgreeBent shall be enti--led to be paid frou Fund II-t' . J- I tfre Court extent Provided'bYu.sl.c- 5 trrl. i .' Dated clask Bankrupt,cy Judge I I F.R!-P- ilr. Fo..Flo9 h" o{ &------.:-/"-qJ -6- ,AF V i clrdr2+ll : 8Y B:3[.u'r;*^o:,p.*.n ooor 828 PIcE997 UNITED STATES BANI(RUPTCY COURT FoR THE orsrnrei oF coLoRADrr BankruPtcy case No' 90 B 03751 C COIPRADO-UTE ELECTRIC ASSOCIATION, r,NC-, 1-Debtor. FILso ' BRAoFoRo L qqEQLe-EF ORDER GBI\NTING UOSION TOR HODITICEIION OT TEE COITSXR}TED EECO!{D A}TENDED JoTNTPLN{orREoRGNtrzATIoNtr}IDPoRcoRSEc.:oNi or ctERrcAl ERRoR rN colrrrzulATroN oRDER tfri" matter is before the' Court upon the Motion for Modification of the confirmed second .l'nenaea Joint -PLan of Reorganization and for Cor.-"ciiot J.CtericaI Error in .Conf irmatiotr oro"i ("Motion') filed on ttarch :, tbez,. by Public se:rvice company of Colorad,o, pacifiCorp Elect-ri" bp.t"iiorit, Tri-Statre. Generation and Transrnission Associat,ioil- ii;., and Inte:mountain Rural El.ecrric Assoc iat,i on ( col lectivLly-;- ih" "P 1 "n Proponett^t " l-'- Notice ;;;i;;';"#-n-i1,lT-;;;;;;;-;; L"l;I Rure 23 and- the court having i""Eii"a no {imely fiied objections, ii is :}:erefcre' OR ERED thar the pLan Proponents are permitted to modify !hei1 Second Anended Jor!.nt\ Plan of f.Iieiiiriui6n (the "Pla.l" )..:P'itted in the above-captioned. case UV-iif.i"g the Proposed Modifications tet forth in exiriuit A to Ehe Motion' I, IT IS FIIRTHER ORDERED that the Proposed Post'confirmation Modifications are hereby approvea and that the Plan is hereby conf i:ned as nodif ied by the Proposed Post-conf i::uation ,t oRDERED that the Confirmation Order dated previousfy renaEiea by'this court il--!hi: irereuy coirected by changing the reference rn conf iraation orde? fron ','iparagraph 27n to : IT IS FI.IR$IER ORDERED pursuinc to Loca} RuIe.23 is I DATED this ) 6fray of.-- L992 - Hodifications. Iir rs TuRTBERiiFe..bruary t9 , L992, bankruptcy actiori is paragraph A of the "paragraph 20". tha'the Notice, here approwed - given of the Motion -*. i I I :,I : I I Fr.zll.<r OzJc.<J *{nat }{. ?1.^ P.oporr.^{s sLll g.rvc a. crrgy -l 4l:s Crolcr uerxr ari -pq-tics-g- i^l<.rrl. ffi5 United States BankruPtcY Judge E)CHIBIT B GARFIET,D COU}flTY Boot EZB ?$E998 following il' 1. z. To each of the GR:Arf,tBEa an und'ivided sot o''nersbip interest in orra to t}e fo1.ioritg personal propertyi ' -ssbElatigE: rnll1o 3{5 xY substatlolr Araa E Together vith an undivided 5ot interest to eaclt of the GR:BrIIEEB in , and. to the st.rrtiiiiot' Equip:lenE and Personal- ProPertY. ; l-OOt ownershiP in and to ttre !il I Su.bstatiql: ;LMa 3{5 kV TransEis:riou Together vith an undivided loot interest in and to the Substati"tt iq,.ipr""t and Personal Property' 3. To psco an undivided loot ownership interest i-n and to the To PSCo an undivided propert;": .' ; folloving ProPertY: 6r:.bstatioa ArBa D ) 4. substqtion: l'nif}c 3{5 kY Traagnission Eub3tatlou area B logether uittr an undivided' root interest \in and' to 't}re ilts]Gai"tt iCi.plo"ni ana Persona.r Property' To pSCo an und.ivid,ed loot ownership interest in and to the iorioting proper{Y: ' Substati-o.I: Rif,la araasnissioa SubstatioD '}=oa A Together rrith "i urd'ivided loot interest in and to the il;;;;fioo ffiiPrent and Personal ProPertY' Lerer196 I : i I I ,t ra-11 slll/4sEL/4 sEcrroN 14 WEST OF TIIE 6TTI P.I{., TOI{NSHTP 6 SOTITH R.A}TGE 93 ianiisr,D couNrY, coLoRADo Boor( 82S rrct939 !.I3I,E SIIBSTATIOT{ USBR ' : Nr{ R:3-LE -srIBST'[TroN'tnirr" -i+s rv sub Area E) fniii*-s+s-iv Trans Sub 'Lrea D) (Rifle 345 kv Transm:ission Sub Area B) teirlJ'ii"o-='i=sion sulr ^A'rea A) .ser,/+Fsr /45:vt/4 oF sEcTIoN,1-4' A![D NE1/4 sA!4 slu/4 oF sEcrr6r-inl-er';- ry-p*snrP 6 solm{ RANGE 93 $rgsr o, Trr""lri'iM, GARFTELD couNTY' coIJoRADJ' AND EEEIEIA I Inst=u:oeeg t95 ' J_''' :*' I ,! il o I J ?1-*-Ttr?T a CA?}CI$T ENTI.TLE}TENTS : 1. 2. Sub+t3tion Rifle 345 kV Substation Area E nifle 345 kv fransmission Substation Area Rifle 345 kV I?ansui.ssion Substation Area B B,ifIe Transroi.ssion Substation Area A' rfl-S,Fate gapacitv En!.itlenent*- 50t 50t 50t 50t 3- 4.I I I I I lr B00x 828 frci qqq F, PSCo caEacity Jntitlenent 50t 50t s0t 50* I loanal ,6 :L" 'i ,l:l ,t i I Proj ec+Iccess Road CCLOF-\DO-UEE ELECf RIC ASSOCIATION, INC. ACCESS EASEHENTRErdodat_ Boption srlr:l( 5E4 'lce116 FE8 2 1 1986 MILDBED ALSDORF, RECOBDERc .FlE[ n courTy, coloRaDo \ \ \ \ N * *\s t j J J \) ) j -h r:::,,, (1,".1L. --(-Cae.-- , /.J. /'Av AO<NoI{LEDGEIT€NT STATE Cf COLOR^DO ) ss couNrY oF DEIiVER I-.)ff-";;,". r .i The;'oregoing.i.,istrprrer,trasacknoHled9sdbeforeEthis1othdayof@ rg 86 ';']iov -P,OB'ER- E. ,gHANCELLoR as General Partner, Riflc Lanc .tssociates. Ltd *,t*i, iny hond and of ticiat sc!|. i4y coanission expires Januarv lB. 1 gB7 Kr.on ALL i.EN gY THESE PRESENTS thai th€ uooersigned Rifle Land Associa ot the Cdjnty ol Garllel State ot Colsao, rho3€ address is 521 lTfh S]rffit' Suite 1255' 0enver. Colorado 8029f . hereorter "ete".ed to asGrlntor tor 5575'00 rcceipt o, .hich is nereby trkffiledged, does her€by granf unto Colorado-tlte Electric Associotion, lnc., rhoso aadrcss is P. 0. 8ox 1149, !'lontrGe, Colorado 8t402, heresrter reter"d io as Gr!n!ee, and to ifs succ6sors or lssigns, the right, privi lcg€, €nd eas€Ent to uf i li2e rn oxisting road olBr and acrGs the lolloriqg Gscribed p.opedyr situated in the Cotnty of Gsrfield , Ststo of Colorao; Soufheast Qulrrer (SEt,/4) Sestion 14, Iornship 6 south, Rmge 93 licst, of tho 6th p.M. Gartietd County Colorrdo. 2. Tbsi the prpose of this easeilpnf is to isrs fho right ot irqr*s and egress io ! substation siterhid! tlrra Grlnt€o vill construsf, reconstrucf,, oporate, repoir, aainiain and ll necesslry repl.ce on iaoroylands. TheGratte€ lgrffi that its uso of fhs &ovo Gscribed prqerfy shall bo linited to such plrpose.Furlhar, Grontor and Grantec lgnc€ that the t€m ol this eccas easerFnt shal I bo ,or. 6 long as tha saidsubstrition site is cporated lnd mintained on said n6rby larids. l. TheGrante shall P.y ,or an)' e::d atl phvsicai d6r€gs thn!'nly b€ clirscd ln th€ tls€ of sald EccasrooO ovcr ud &ross th€ property of th6 Grarfor. 4. The Granteo cgrees to Ec€Pt stJifable alfernaie access in tho 6rent Grantor charEps th€ locafion ofall or part ot th6 exisling access ro!d. 5' The Granfor convenanf3 and xanranfs that he is the orner of tho above described land, subject io.suchdolecls, @isior.JlnG ;n?crost3, licas. cr eialfilrs3cs !s rly nc{ EFrefr 6l recgrd. lN l{lrNEss liHEiaci, fhe crantor has set his hand and "s.1 16;. 10th day of lebruarv rs 85 \.)\$-:- DI}?iTCSE Docui'E'I\,? Nq 19 2 d ../. :::, ::: :.;i i i" =oi " I"ii' !il?i. oXill.i3l; ::fi i :li,:il,l:: ^S:li:;:: ; sBcr( 684 :rc:11? l_:r5iF.pI_]:ri 1i. feet wide siruared:l:. ::::l':::-!::'::' rNwiTisii;i;";"in, the Northerest Ouarter ofs-L \luqrlEr tNwr/49L114t asd the southeasf o"aiGi-ir-irr":3'.:!::"t-?u3:."I .(s_E?/4sB!lii,'i6".ion r4, rownqhin ( ca..+r::^r:::i :i, :l; i.;';;( ;:i"{i, ;"ii5iiil Ii;,IlIX"l:X"f.:"::l:_}::;; f o.Ll ows:particularllz discribed as 3*?iHITi.o:,^":?:*I-Lr?i_wli.I rhe sourhwesr corner of Ehegl (.i#i /1, B f ,i" I j f .:::: " tl- ;:i$ il,";ilTi;"i"ff S',3j.,li"n" o,:::: X(:!'l*j';l iiii;.;;"";;:;.:"fi:,;':l: :l: 3;": 1i?:,3foot. radius cu'' e r" Iii'-lt.i;I ';.=I'= arong Ene ar 6o^r.t €a6!. mL^-_^t3-!|:^:fsht, Ehe chord .ir-"ti"i f ?: l r^ f ;:: ;, il,i,f :" i, ir I o i,i"lE ; . ;,;":i";:":'":n i::"o::':nlu 3: ::;'line of said Nwlr/4581 /4, -"na to the South BEGINNfNG Af A POINT fron whiqh the Northwest corner of thes'1/2s81/4 of said-se"ti"n i-i-ieirs uorttr a.onc rhe west line ofsaid sE1 /4s81/4 380-o^agil, irl=iiln.. s7o-00'E r08.0 feet; rhencealong the arc of a 1gS.o8-i"oi"riiiu" curve ro the ieft, rhe lonqchord of which bears. sA:"ZOii-Za]5i-f""., ?hence N87.20,8 202.0feet; ?hence arons trre-arc-oi --ii.oo foot rariius curve to theLeft, rhe 10nq ch6rd or r[ici;";;; N5i"2o,E 65.53 feet; TheneeXit;'L:"f l' 3"j!:t *o" oi-i.";-;;' trre soutrrw""i J.ry Ri chr -or-!iay ?ogether with areas which may be reguired for cut and fillembanlooents. Containing 0.765 acres more or Less- e, -- 823 rrttllll9Enrlt EXllrBr? 'E-1' G[EFJE!D--@!EIr TXEI,E gtrBArlTION USBR EEI EIPLB SX'B3TATIOI' (Bltle 3its kV Sub Ar.':r 8) (Rifle fls fv TrtrnB Srrl) 'ilrea D| (B.if1e 3{5 fv 'fraa:mieBiot} Sltb Area B) (Rifla Transoisaion Sirb Area A) SE1/4NEJ /4f;,i.:t/4 oF sBc'trorr 1{' A}ll! l!81/4 sEl/4 fii?;'oi'ineriox 1.,-t\"'L rN ri'wNsrltr 6- st)IrrH FAM;F: i,i'itasi-or-fire sTt{ iry. cnnusLo ('trt'!t:rY' r'olonllx)' Al{D srjl/4sE:,'{ sB("iIoN 14 'totfFsHrP 5 S(;:',rH RANGE 93 iiii'ii""iin-irrr p-u.. *ARTTBLD cor'rrrY' c()LoRADo \\ b rnit !uF4r't *-'16 ; S. Department 'ransportation FederalAviation Administration GRANT AGREEMENT Part I - Offer Date of Offer: Airport: Angust 19,2005 Garfield County Regional Project Number: 3-08-0048-14 Contract Number: DOT-FA05NM-1083 DUNS Number: 014842983 To: The County of Garfield, Colorado (herein called the "Sponsor") From: The United States of America (acting through ttre Federal Aviation Adminishation, herein called the,FAA') Whereas, the Sponsor has submitted to the FAA a Project Applicafion dated April 16,z}O?.,for a grant of Federal funds for a project at or associated with the Garfield County Regional Airporl which Project Application, as approved by the FAA, is hereby incorporated herein and made a part hereof; and Whereas, the FAA has approved a project for the Airport (herein called the "Project") consisting of the following: _ ConductEnvironmentalAssessment, all as rnore particularly described in the Project Application. e Form 510037 (71901 U.S. DePartment of TransPortation FederalAviation Administration GRANT AGREEMENT Part I - Offer Date of Offer: MaY 25' 2006 AirPort: Garfield CountY AirPort Project Number: 3-0&0048-15 ContractNumber: DOT-FA06NM-1026 DUNS: 014842983 To: CountY of Garfield, Colorado (herein called the "SPonsor") From: The United States of America (acting through the Federal Aviation Administration, herein called 'the ,FAA'') Whereas, the Sponsor has submitted to the FAA a Project Application dated November 21, 2005 for a grant of Federal funds for a projict at or associated with the Garfield County Regional Airport, which Project Application, as approved by the FAA, is hereby incorporated herein and made a part hereof; and Wherens, the FAA has approved a project for the Airport (herein called the "Project") consisting of the following: Improve Runway Safety Area (Phase 2:Planning Support & Wetlands Permit), all as more particularly described in the Project Application. FAA Form 5100-37 (7190) U,S. Department of Transportatlon Federal Avlaton Adrninistra$on GRANT AGREEMENT Part I - Offer Date of Offer: Airaort: Septcmber 612001 Garfrdd County Regloual Airport ProjectNumber: 3{8-004&16 Contrast Number: DOft-BA07NM-f 096 DIINS Number:01-484-2983 To:Comty of ffield Colorado (herein called tbe nSponsor") The United Sffis of Anrerica (acting trrough thc Faderal Avistion Administration, her€in called tho nFAA") 'Wherrcrq tre Sponsor has submitbd to the FAA a hoject Applicdion ded April 23,2A07 for a graut of Federat fun& for a project at or associatud wi& tre Garfield County Regional Airport Airpo( \r/hich Project Application, as approvod by the FAA, is hereby incorporatod hortin md made a part hoeoS md 'Whereas, the FAA has approved a project for the Airport Oerein called fte "Projecf) consisting of ttc frllowing: fmprove Runway Sefety Area (Phase III: Iend Acquirifion, Parcelc 15 (fee), . 18 (easenent)), all as rnore particularly described in the Project Application. FAA Form 51mfl (7,90) LIST OF PROPERTY OW}{ERS WITHIN 2OO FEET 217714300281 PUBLIC SERVICE COMPANY OF COLORADO PROPERTY & LOCAL TAXES DEPT. 1225 flTH ST STE 4OO DENVER, CO 80202-5534 217714302001 CONTINENTAL RIFLE, LLC CONTINENTAL PROPERTY GROUP 253 EAST LAKE WAYZATA, MN 55391 217724300398 AIRPORT LAND PARTNERS LIMITED 312 AABC STE A ASPEN, CO 816ll-2568 21t726200956 BUREAU OF LAND MANAGEMENT 50629 HTGHWAY 6 &,24 GLENWOOD SPGS, CO 81601 LIST OF MINERAL INTEREST LEASE HOLDERS ANTERO RESOURCES CORPORATION 792 BUCKHORN DRIVE zuFLE, CO 81650 EXHIBIT 3-A (EASEMENT PREMISES) WEST 75 FEET OF THE PROPERTY (MORE DETAILED DESCRIPTION MAY BE INSERTED PRIOR TO CLOSING) EXHIBIT 3 RESERVED EASEMENT Reserving unto Grantor ("PSCo") the following rights, interests and easements: A perpetual non-exclusive easement for the transmission and distribution of gas, electricity and communication signals, and for the installation and maintenance of utility facilities, both overhead and underground, including towers, poles, and other supports of whatever materials; together with braces, guys, anchors, cross-arms, cables, conduits, wires, conductors, manholes, transformers, and other fixtures, devices, and appurtenances used or useful in connection therewith (collectively the "Facilities") on, over, under, and across the portions of the Property described on Exhibit 3-A, attached hereto and incorporated by this reference (the "Easement Premises"). Together with the right and authority in PSCo, its successors, licensees, lessees, contractors, or assigns, and its and their agents and employees to (1) enter at all times upon said Easement Premises to survey, mark and sign the Easement Premises or the Facilities, construct, install, operate, repair, remove, replace, reconstruct, alter, relocate, patrol, inspect, improve, enlarge, remove, and maintain the Facilities; (2) have full right and authority to cut, remove, trim, or othenuise control (including without limitation by applying herbicides in accordance with applicable laws, rules and regulations), alltrees, brush, and other grovrrth which might interfere with or endanger the Facilities; (3) permit the joint use by others of, rights of way and conduit for similar purposes and for such other uses as may be required by law; and (4) have reasonable access to, and ingress and egress for personnel, equipment and vehicles over and across said Easement Premises. No buildings, structures, signs, wells or other objects shall be erected, placed, or permitted to remain on, under, or over the Easement Premises by Grantee, including trees, shrubs and fences, which will or may be an interference with the Facilities now or hereafter constructed on the Easement Premises or an interference with the exercise of any of the rights herein granted. Grantee agrees it will not perform any act on or adjacent to the Easement Premises which will interfere with or endanger the Facilities. Non-use or a limited use of this easement shall not prevent PSCo from thereafter making use of this easement to the full extent herein authorized. PSCo also reserves all right, title and interest to the Facilities and any fixtures, equipment, or other property used or useful in connection with the Facilities, which may now or hereafter be located on the Property. The provisions of the foregoing reservations, interests, rights and easements shall be binding upon and shall inure to the benefit of the heirs, executors, administrators, personal representatives, suc@ssors, and assigns of PSCo and Grantee, and shall be a burden and binding on and run with the Property. EXHIBIT 2 PERMITTED ENCUMBRANCES (TO BE DETERMINED PURSUANT TO SECTION 5) EXHIBIT 1 LEGAL DESCRIPTION That portion of land situated in the South half of Section 14, Township 6 South,Range 93 west of the 6th principal Meridian, county of Garfield, statl ofColorado, more particularly described as foliows: ' commencing at the center quarter corner of said section 14; Thence South 88o28'43" East, along the North line of the Southeast euarter ofsaid Section 14, a distance of 5.01 ieet; Thence south 01"31'17" west, perpendicular to said North line, a distance654.02 feet to the point of beginning; thence South 01"17'41" West a distance of 261 .14 feet; thence south 86"59'19" west a distance of 660.65 feet; Thence North 00osg'47' East a distance of 30g,02 feet. Thence South 88"51'18" East a distance of 660.39 feet to the point of beginning. containing 4.31T acres or 1gg,0s3 square feet, more or less. e"#A), PI'RCIIASE AGREEMEMT THIS PURCHASE AGREEMENT is entered inlo by and belween PUBLIC SERV]CE COMPANT OF COLORADO, a Colorado corporaLion, whose address is L225 17th street, Denver, colorado Bo2o2, ( "Se11er" ) and the Garfield County Board of County Commissioners, whose address is 1OB Bth Street, SuiLe 2L3, Glenwood Springs, Colorado 81G01 (..Buyer,, ) WHEREAS, Seller owns cerLain real- property located in thegeneral vicinity of the Garfield county Regional Airport("Airport"),Garfield County, approximately 59.48 acres; and Colorado consisting of WHEREAS, Serrer wj-shes to se1l and Buyer wishes to purchasea portion of said property consisting of approximately 4.31-7 acres. NOW, THEREFORE, the part.ies agree as follows: 1. Property to be Conveyed: That. certain real property located in Rifre, Garfield County, Colorado, consisting of 4 -31-7acres, more or less; together with the interest, easements, rights, benefits, improvements and att.ached fixtures appurtenant thereto, if drry, all interest of serler in vacated streets and alreys adjacent t.hereto, if dfly, except as herein excruded. Theproperty is legally described as "Garfield County Airport Parcel 15-Lega1" on Exhibit A, attached to and incorporated herein bythis ref erence ( "ProperLy,,) . 2. Purchase Price: The purchase price for the property sha11 be $ffie paid as proviaea for below. A. Buyer sha1l provide Earnest Money in the amount of $5, 775. 00 . B. The ba1ance to be paid at Closing (see paragraph 7A) shar] be #128,725.00 in the form of cash or certified funds. Buyer and seller acknowledge and agree t.hat the purchase price is based upon an appraisal and review appraisal, required byU.S. Department of Transportation,Federal-AviationAdministration regulation and performed by qualified real estateappraisers, engaged by Buyer, and forlow up negotiations betweenBuyer and serler. Seller has not performed serler's appraisalat SelIer's expense. 3. Inclusions: The property is VACANT LAND. If fencingis in prace, guyer wirl take possession of the property withfencing as-is. 4. Excl-usions: Existing transmission Iine, and relatedtowers, fixtures, foundations and other utirity facirities. 5. Title: A. Title Insurance and Deadline.SeIler acknowl-edges that. Buyer wil_l- cause to be furnished by a "Titl-e Company" of Buyer, s choice, identified in paragraph 7A, below, a current commitment for owner, s title insurancepolicy in an amount equal to the purchase price. The tit.te insurance policy sharl commit to delete or insure over the standard exceptions which rel-ate to parties in possession, unrecorded easements, survey matters, dDy unrecorded mechanics' riens, 9ap period (effective date of commitment to date Deed is recorded) and unpaid taxes, assessments and unredeemed Lax sales prior to the year of closing. As todeletion or insurance over the standard exception relatingto survey mat,ters, including without limitation fence linesand rear setback matters, Buyer und.erstands that thedeletion of such exceptions is subject Lo and conditionedupon Buyer's compliance with paragraph 5.G., below. Thecost of such title commitment and insurance for the owner, stit.le insurance policy is to be borne solely by the Buyer. The tenth (toth; business day following the Effective Dateis hereby declared to be the ..Titl-e Deadline,, for purposes of this Purchase Agreement. B. Copies of Recorded Documents & Title Documents. On or before the Title Deadline, Buyer shall cause to befurnished by the Title Company, identified in paragraph 7A,be1ow, to Buyer, dt Buyer,s expense, (1) a copy of anyplats, declarations, covenants, conditions and restrictionsburdening the Property, and (2) copies of any other documents (or, Lf i1Iegible, summaries of such documents)listed in the schedule of exceptions (Exceptions) on thetitle commitment. This reguirement shaIl pertain only to documents shown of record in the office of the Garfieldcounty Crerk and Recorder. The titre insurance commitment,together with any copies or summaries of documentsfurnished pursuant to thls section 5.B. and the survey,originated by Buyer and described in paragraph 5.G., below,shall constitute the title documents ( "Titre Documents,,) C. Title Review. Buyer shall have the right to inspect the Title Documents. Written notice by Buyer of unmerchantability of title or any other unsatisfactory title conditj-on shown by the TitIe DocumenLs shalI be signed by or on behalf of Buyer and given to Se]Ier on or before 5:00 p.m. on the 30TH day of AUGUST,2007 ("Title Object.ion Deadline"). IT IS SPECIFfCALLY UNDERSTOOD BY BTryER AND SELLER THAT THE PROPERTY IS BETNG PURCHASED FOR AIRPORT PURPOSES, AND, THEREFORE, "GOOD T]TLE" MUST BE FREE AND CLEAR OF ANY REVERSIONARY INTEREST, L]EN, EASEMENT, LEASE OR OTHER ENCUMBRANCE THAT V'IOULD CREATE UNDUE RISK THAT MIGHT DEPRTVE THE BUYER OF CONTROL OR POSSESSION, INTERFERE WITH ITS USE FOR PUBLTC AIRPORT PURPOSES, OR MAKE IT IMPOSSIBLE FOR THE BIIYER TO CARRY OUT THE OBLIGATIONS AND COVENANTS IN THE GRANT AGREEMENTS BETWEEN THE BUYER AND THE FEDERAL AVIATION ADMINISTRATf ON. BT]-YER IS SOLELY RESPONSIBLE FOR MAKING THE AFOREMENTIONED DETERMfNATION, IN rTS SOLE DTSCRETION, ON OR BEFORE THE OB,JECTION DEADLINE. Notwithstanding the foregoing, Buyer acknowl-edges that at Closing SeIIer will reserve unto itself a transmission line easement as described in Section 7.8 below, and further acknowledges that such easemenL does not violate the requirements of this Section 5. C. If Sel-ler does not receive Buyer's notice by the date (s) specified above, Lhen Buyer shall be concl-usively deemed to have satisfied itself with respect to the foregoing and to have accepted the condition of tit.Ie, ds disclosed by the Title Documents as satisfactory. D. Matters noL Shown by the Publ-ic Records. Se1ler shall deliver to Buyer, oo or before Title Deadline true copies of all Ieases and survey(s) in Sel-Ier's possession pertaining to the Property and shall disclose to Buyer a1l easements, ]iens or other t.itle matters not shown by t.he public records of which Sel-}er has acLual knowledge. Buyer shall have t.he right to inspect the Property to determine if any third party(ies) has any right in the Propert.y not shown by the public records (such as an unrecorded easement, unrecorded lease, or boundary l-ine discrepancy). Written notice of any unsatisfactory condition (s) disclosed by SeIIer or revealed by Buyer's inspection shall be signed by or on behalf of Buyer and given to SeIIer on or before the Title Objection Deadline. If Seller does not recej-ve Buyer's notice by said date, Buyer accepts titl-e subject to such rights, if dfly, of third parties of which Buyer has actual knowledge. E. Tenancies. Seller represents to not a part.y to, and has no knowledge tenanc j-es, license, or permits t.o use, affect the Property. Buyer that it is of, any feases, written or oral, F. Right to unmerchantabi 1 ity title condition (s) Cure. If Seller receives notice of of title or any other unsatisfactory commitment terms as provi-ded in Paragraphs 5.A.,B.,C., and D., above, Seller shall- use reasonable effort to correcL said items and bear any nominal expense to correct the same on or before a time and date twent.y-four (24) hours prior to Closing (see paragraph 7A)If such unsatisfactory title condition(s) are not corrected on or before said time and date twenty-four (24) hours prior to Closing (see paragraph 7A) , this Purchase Agreement shall then terminate and all funds and things of value shal-l- be returned by each party to the other, in accordance with Paragraph 8.G., below; provided, however, Buyer lrrd1z, by written notice to Seller, oD or before Closing (see paragraph 7A), waive objection to such items. G. Survey. On or before the 2OTH day of AUGUST, 2007, Buyer shal-I cause to be performed a survey of the Property, at Buyer's sole cost and expense, and cause to be created a land survey plat as defined by S38-51-L02(L2), C.R.S., as amended, prepared by a Professional- Land Surveyor sufficient. for t.he removal- of standard exceptions 1 through 3 to the Tit.Ie Insurance Policy, and sufficient to have aI1 corners pinned and marked ("Buyer's Survey"). Buyer shal-I have Buyer's Survey certif ied to Sel-l-er and Commonwealth Title Company and shall del-iver a copy to Sel1er on or before the Survey Objection Deadline, defined bel-ow. Sell-er hereby grants permission for such survey of the property to be performed.Buyer shaIl examine and accept said survey on or before 5:00 p.m., oil the 30TH day of AUGUST, 2007 . If no written objection is received by the Seller to information revealed by Buyer's Survey by 5:00 p.ffi., on the 30rH day of AUGUST , 2OO7 ("Surwey Objection Deadline"), the Buyer's Survey sha11 be deemed accepted by Buyer. 6. Due Diligence: A. Buyer's Inspection Objection Deadline. Buyer shall have the right to have inspection(s) of t.he physical condition of Property and Inclusions, at Buyer's expense. If the physical condition of the Property or Incl-usions is unsatisfactory, in Buyer's subjective discretion, Buyer shaIl, orr or before the 3OTH day of AUGUST, 2OO7("Inspection Objection Deadline,,): (1) notify Sell_er in writing that this Purchase Agreement is t.erminated, or (2) provide SeIIer with a written description of any unsatisfactory physical condition which Buyer requires SeIler to correct (Notice Lo Correct). If written notice is not received by Seller on or before Inspection ObjectionDeadline, the physical condition of the property and Inclusions shall be deemed satisfactory to Buyer. B. Resolution Dead]ine. If a Notice to Correct is received by Seller and if Buyer and Seller have not agreed in writing to a sett.Iement thereof on or before 5:00 p.ffi., the 7TH day of SEPTEMBER, 2OO7 (Resolution Deadline), this Purchase AgreemenL shatl' terminate one calendar day following the Resol-ution Deadline, dt 5:00 p.ffi. , unl_ess before such termination Seller receives Buyer, s writ.ten withdrawal of Notice to Correct. C. Cost of Inspections. Except as provided for beIow, Buyer is responsible for payment for all inspectJ-ons, engineering reports or for any other work performed at Buyer's reguest and shall pay for any damage which occurs to the Property and Tnclusions as a result of such activities. Buyer shall not permit claims or liens of any kind against the Property or Inclusions forinspections, surveys, engineering reports and for any other work or activity performed on the Property at Buyer,s request D. Environmental Matters. Buyer has, with SeIIer,s permission and cooperation, caused to be conducted a phase I Environmental Site Assessment ("ESA") of t.he property, at Buyer's sole cost and expense. Based on the ESA and its investigation prior to the date hereof,Buver has determined that no further environmental- assessment, and no environmental remediation is needed. E. Subdivision Exemption. prior to Closing, and as a condition to the obligation of Sel1er to close, Buyer, atits expense, shal-l provide Sel-Ier with a Buyer,s Resolution concerned with the approval of an exemption from theGarfield County Subdivision Regulations and an accompanying exemption plat dividing the property from t.he existing 59.48 acre parcel and depicting the easement reserved by Sel1er, as described in paragraph 7 (b) and (e) below. Such exemption approval and exemption plat must enabl_e Setler to use, operate, improve and convey the remaining propertywithout any additional- platting or subdividing thereof. 7. Closing: A. Closing. Delivery of Deed (s) from SelIer toBuyer sharl be at closing ( "C1osing" ) closing shal1 be onor before the 4TH day of DECEMBER, 2oo'7. The hour and dayof closing shall be mutuarly designated by the parties, andshall occur at Commonwealth Titre company, L27 East 5tn,Rifre, Cororado 81550 or go3 cororado Avenue, GlenwoodSprings, Colorado B1GO1. B. Transfer of Titre. subject to tender or paymentat crosing as required herein and compliance by Buyer withthe other terms and provisions hereof, serler shal] executeand deriver a good and sufficient speciar warrant.y Deedsubstantially ln the form attached hereto("Deed,,) to Buyerat Closing, conveying t.he property free and cl-ear of ar1taxes excepL the general rien for taxes, but reserving toSerrer an easement for the transmission and distribution ofgas and electricity and al-r of its right, titre andinterest in any existing utirity facil-ities rocated withinthe easement.. Except as provided herein, title shal-r beconveyed free and clear of al-l riens, incruding anygovernmentar liens for speciar improvements instalred as ofthe date of Buyer's signature hereon, whether assessed. ornot.Any encumbrance to be paid, including withoutlimitation payment required for release of Deed (s) Trust,if any, shall be paid at or before closing from theproceeds of this t.ransact,ion or f rom any ot.her source.Title shal-l be conveyed subject to: a) those specificException described in the Titre Document Exceptionsidentified by t.he titl-e commitment; b) distribution utilityeasements; c) those specifically described rights of thirdparties not shown by the public records of which Buyer hasactual knowledge and which were accepted by Buyer; d)inclusion of the property within any special taxingdistrict.; and e) the benef its and burd.ens of anydeclaration and party wall agreements, if any. C. Closing Costs. Buyer sha11 pay all closing cost.sand al1 other items required to be paid at crosing, exceptas otherwise prowided herein. Buyer and selIer shall signand complete al1 customary or required documents at orbefore Closing. D. Possession. Possession of the property shall bedelivered to Buyer at Closing. E. Extension of Closing. At any time prior to 5:00p.ffi., the 2LST day of NOVEMBER, 2OO'1 , the parties may agree by written amendment to this Agreement to extend Closingunt.il a mutually agreed upon time and date. 8. Miscellaneous prowisions: A. Indemnity. Not.hing as a waiver of g'overnmental would otherwise be entitled C.R.S., as amended. B. Indenture Release_ herein shaIl be interpreted immunity Lo which the Buyer under S24-10-101, et s€e.t SeIl-er sha11 commence the written, shall- be extent it is not seL Agreement shall upon the date of This Purchase process for release of the Property from Sell_er, s corporate indenture ("Indenture ReLease,, ) no lat.er than ten (10) business days following the Effective Date of this purchase Agreement. In the event that Sel_l-er does not obtain the Indenture Release, for any reason, on or before one hundred(100) days following the Effective Date of this purchase Agreement, then this Purchase Agreement sharr terminate and each party shal1 be relieved of liability hereunder. fn no event shal-1 seIIer's inability to obtain the rndenture Release constitute a default under this Agreement. r.Whol-e Agreement.This Purchase Agreement sets f orth the whole ag.reement of representation, either verbal or considered binding on either, to the the parties.NO forth herein. D. Effective Date.This Purchase become effective on or before 5:00 p.m. the f ixing of the l-ast signature. E. Amendment and Assignment. Agreement may be amended, altered, or modified by thepart.ies solely through a writ.ten agreement signed by all-parties. This Purchase Agireement may not be assigned byany party without t.he written agreement of all parties tothis Purchase Agreement. F. Facsimiles and Counterparts. Facsimile documentswith original signatures may be provided upon request.This document and all documents required for performance ofthis Purchase Agreement may be signed in counter parts. Facsimile signatures may on such documents. G. Governing Law. shall govern the validity, this Purchase Agreement. pursuant to this purchase County, Col_orado. H. Termination. Agreement is terminated, all received pursuant to this returned and the parties obligations contained in this be substituted for all originals The laws of t.he State of Colorado performance and enforcement of Venue for any action instituted AgreemenL shall 1ie in Garfield In t.he event this payments and things Purchase Agrreement shall be relieved Purchase Agreement. I. Authority. Each person signing this Agreement represenLs and warrants that said personaut.horized to enter into and execuLe this Agreement and to bind the party it represents to and conditions hereof. Purchase of val-ue shall be of all Purchase is fulIy Purchase the t.erms ,f . Disclaimer of Certain Representations andv'larranties. Buyer agirees it is accepting the property "ASIS, WHERE fS, WITH ALL FAULTS" with no right of set-off orreduction in the purchase price, and that except for therepresentations and warranties expressly made herein andexcept for warranties of titre included in the Deed, suchsare sharl be without representation or warranty of anykind, express or implied, including without limitaLion, thephysicar condition of the property or its suitabiliLy forany use; the absence of any hazardous material oD, in orunder the Property; the existence or adequacy of access topublic roads or utilities; or the merchantability orfitness for a particular purpose of the property, andse1ler does hereby disclaim any such representat.ions orwarranties. Buyer specificarly acknowl-edges that Buyer isnot relying on any representations or warranties of anykind whatsoever, express or impried, from seller or itsagents, ds to any matter concerning the propert.y (except those expressly stated in this Agreement and any warrantyof title included in the Deed).Further it is agreed thatBuyer is responsible for its own due diligence despitereceiving informatlon and documentatlon relating to theProperty from selrer. Buyer agrees that Buyer is relyingentirely on its own inspections and other due diligenceactivity and sharl- independently verify such informationprovided by sel-ler. Buyer rel-eases serler f rom alIliability, damages and claims associated. wit.h Buyer,s reriance thereon. The foregoing disclaimer and rel-easeshall survive crosing or Lermination of this Agreement. K. Time of Essence and Remedies. Time is of theessence hereof. rf any note or check recej-ved as Earnest Money hereunder or any other payment due hereunder is notpaid, honored or tendered when due, or if any otherobligation hereunder is not performed or waived as hereinprovided, there shall be the following remedies: i. If Buyer is in Default: AII payment andthings of value received hereunder shal1 be forfeitedby Buyer and retained on behalf of Sell_er, and bothparties shall thereafter be released from aIlobligations hereund.er.It is agreed that suchpayments and things of val-ue are LTQUTDATED DAMAGESand, except as provided in paragraph g.M., be1ow,regarding costs and expenses, are SeIler,s sole andonly remedy for Buyer, s failure to perform theobligations of this purchase Agreement.Sellerexpressly waives the remedies of specific performance and additional damages. ii. If Seller is in Default: Buyer may elect totreat t.his Purchase Agreement as canceled, in whichcase all payments and things of value received.hereunder shall- be reLurned, or Buyer may el_ect totreat this Purchase Agreement. as being in fulr forceand effect and Buyer shal] have the right to specificperformance. Buyer express waives any right torecover damages from SeIl-er. L. Costs; Att.orney Fee; Survival .Should thisPurchase Agreement become the subject of ritigation betweenthe Buyer and Se1ler, the prevailing part.y shall beentitled to recovery of aIl actual costs in connect.iontherewith, including but not l-imited to attorneys, fees andexpert witness fees. Arl rights concerning remed.ies,unless otherwise sel forth herein, and arl rights regardingattorneys' fees and costs shal_r survive termination of thisPurchase Agreement. M. Condition/nisk of Loss. The properLy andrnclusions shall be delivered in the condition existing asof the date of this purchase Agreement, ordinary wear andtear excepted. rn t.he event the property sharr be damagedby casualty prior to time of crosing, seller sharr have noobrigation to repair same, and this purchase Agreement may be terminated at the option of Buyer, ds its sole remedy.shourd Buyer erect. to carry out t.his purchase Agreement despite such damage, Buyer shall be entitled to credit for insurance proceeds resulting from damage to the property and Inclusions, if any, noL exceeding, however, the totalpurchase price. N. Escrow of Earnest, Money and Dispute. Earnest Money shal-I be held in escrow by Commonwealth Tit.le Company, identified as the closing agent in paragraph i .A., above.Notwithstanding termination of this purchase Agreement, Buyer and Seller agree that, in the evenL of anycontroversy regarding the Earnest Money and things of val-ueheld by closing agent, unress written instructions fromboth Buyer and Sel-l-er are received. by the closing agent, asholder of the Earnest Money and things of val-ue, closingagent shall not be required to take any action but mayawait any proceeding, or, at closing agent,s option and sole discretion, may obtain interpreader status, depositingfunds and things of value into j urisdiction. a court of competent O. Notice. Al-I notices required under this purchase Agreement. sharr be in writing and sharl be hand deliveredor sent by registered or certified maiI, return receiptreguested, postage prepaid, or via nationally recognizedovernight courier service to the addresses of the parties set forth herej-n. A11 notices so given sharl be consideredeffective seventy-two (j2) hours after deposit in theUnit.ed States Mail , or on the date of receipt. for handderivery, oy on the date of first. business day folrowing deposit with the overnight courier servj-ce, when sent tothe proper addresses as set forth below. Any party bynotice so given may change the address to which futurenotices shal-I be sent. Notice to Seller: ,John Lupo, Manager Sit.ing & Land Rights 550 l-5th Street, Ste 700 Denver, CO 80202 Phone: (303) SZr-128\ Fax: (303) 57L-7877 Notice to Buyer: Brian Condie, Airport Manager 0375 County Road 352 Rifle, CO 8l-650 Phone: (970) 525-L091, Mobile: (970) 319-5L56 Copy to: Faegre & Benson, LLP Attn: Diane Davies 3200 Wells Fargo Center 1700 Lincoln Street Denver, CO 80203 Phone: (: O: ) eOl -3558 Fax: (303) 607-3600 Copy to: Carolyn M. Dahlgren, County Attorney 1OB 8th Street, Suite Glenwood Springs, CO Phone. (970) g+S-9150 Fax: (970) 384-5005 Deputy 279 815 01 P. Consultation with Attorney. By signing this Purchase Agreement, Buyer and serler acknowredge that each has had the opportunity to review this document withcounsel of Buyer, s and SeIIer, s own choice as toexamination of tit1e, tax effect and any other legal consequences of entering into this purchase Agreement. O. Brokers. Each party represents and warrants tothe other that neither has employed, retained or consul-tedany broker, agent. or other finder with respect Lo theProperty. The parties shall_ each indemnify and hold theother harmless from and against arr claims, d.emands, causesof action, debts, liabilities and damages that may beasserted or recovered against the other on account of any brokerage fee, commission or other compensat.ion arising in breach of this representation and. warranty. R. Recording.This Purchase Agreement may berecorded in the office of the clerk and Record.er ofGarfield County, Colorado or any other public record.. Inthe event that this Purchase Agreement is record.ed and the Purchase Agreement is terminated for any reason/ then Buyeragrees to provide at no cost to SeI1er, a document inrecordabre form evidencing t.ermination of this purchase Agreement. ATTEST: STATE OF COLORADO CITY AND COUNTY OF DENVER Witness my hand and official seal. COLORADO,d. U(J-L U (Buyer) BOARD OF F GARFIE /Qa]'l a\ev!4u PUBLIC {M]SSIONERS COLORADO t_/L Dated,6^rr*lq fu07 - The foregoing instrument was acknowledged before me this *day of August ZOOZ,by Jay Herrmann as Vice-president Customer and Community Services- of public Service Company of Colorado, a Colorado corporation. Notary Public My Commission expires Cr, t,lAO s $ ss: s ,rddstomer and Community Services C:\NrPortbl\FB .us\DA\rDB\2 04 2287 I .Dac EXHTBIT A LEGAL DESCRIPTION That portion of land situated in the South half of Section 14, Township 6 South, Range 93 west of the 6th Principal Meridian, county of Garfield, state of Colorado, more particularly described as follows: commencing at the center quarter corner of said section 14; Thence South 8Bo2B'43" East, along the North line of the Southeast Quarter of said Section 14, a distance of 5.01 feet; Thence south 01"31'17" west, perpendicular to said North line, a distance 654.02 feet to the pcint of beginning; thence South 01"17'41" West a distance of 261 .14 feet; thence south B6"sg'1 8" west a distance of 660.65 feet; Thence North 00o5g'47" East a distance of 30g.02 feet; Thence South 88'51'18" East a distance of 660.39 feet to the point of beginning. containing 4.317 acres or 199,053 square feet, more or less. EXHTBIT B FORM OF SPECIAL WARRANTY DEED SPECIAL WARRANTY DEED Public Service Company of Colorado, a Colorado corporation ("Grantor"), of the City and County of Denver, State of Colorado, for the consideration of ten dollars and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, hereby sells and conveys to the GARFIELD COUNTY BOARD OF COUNTY COMMISSIONERS, with an address of 108 8rH Street, Suite 213, Glenwood Springs, CO 81601, the property located in Garfield County, Colorado, and described on Exhibit 1, attachdd hereto and incorporated by this reference, with all appurtenances thereto (the "Property"), reserving unto Grantor, the easements, rights and interests in the Property described on Exhibit 3 hereto. Grantor warrants title against all persons claiming under Grantor, excepting taxes and assessments for the years 2007 and thereafter, and easements, reservations, restrictions, covenants encumbrances, and other matters shown on Exhibit 2 hereto. Signed this _ day of ,2007. PUBLIC SERVICE COMPANY OF COLORADO, A Colorado corporation By: Its: STATE OF COUNTY OF The foregoing instrument was acknowledged before me this day of2007, by AS Public Service Company of Colorado, a Colorado corporation. Witness my hand and official seal. Notary Public My Commission expires s $ ss: s GARFIELD COUNry Building & Planning Department 108 8th Street, Suite 401 Glenwood Springs, Colorado 81601 Telephone : 970. 945. 8 21 2 F acsimi le : 970. 38 4.347 0 www.oarfield-county. com Exenption from the Definition of Subdivision GENERAL INFORMATION F Street Address / General Location of Property: Size of Property (in acres) as of January 1,1973:/VA Current Size of Propefi to be Subdivided (in acres): 5.1 r Ar re :; Number of rracts / Lots created Including remainder of parent property: 2 Proposed size of Tracts / Lots to be Created lncluding remainder of Parent Property: o Lot #: I containing {.'3 i::; ocr€s 1 o Lot#:containing acres o Lot #: containing acres o Lot #: containing acres F Propefi's Zone District: A R X n Name of Propertv Owner: Address: l2"F t'7t! Sl.Telephone: City: Dpnver State: 0 n Zip Code: BCzoZ rRx: ) Name of Owner's Representative. if any (planner. Attorney): ilf + F Address: 55O iS if, Strt.ei r (i,i le_ 7&O Telephone , irr.S lti{'f,i,*' > City: 'F.,nr.er State: C D Zip Code: gO2oZ F/{/t: STAFF USE ONLY D Doc. No.: Planner: Date Submitted:_ TC Date. Hearing Date: + Legal Description of Parent Property. Guffield Courrty Regional Airport October 15,2007 The Board of County Commissioners Garfield County 108 8th Street Glenwood Springs, CO 81601 re: Public Service-Garfield County Exemption from SuMivision Dear Commissioners: In accordance with the attached Purchase Agreement, I am representing the Garfield County Board of County Commissioners (BOCC) as co-applicant with Public Service Company of Colorado requesting an exemption from suMivision. The Federal Aviation Administration has identified the need to upgrade our airport to meet the standards of the numerous business jets that currently use our facility. This upgrade plan calls for the acquisition of land adjacent to the airport of which includes Public Service Land. Public Service Company owns a parcel of land of approximately 60 acres of which approximately 4.305 acres is needed. This area is identified on the Airport Layout Plan as Parcel 15. Parcel 15 is needed in order to accommodate the relocation of County Road 319, associated utility lines, dry creek and for aircraft approach protection. Parcel I 5 has been investigated for suitability to serve its intended purpose. These investigations have included environmental assessments, topographic suryeys, boreholes and test pits- No other testing has been deemed necessary. No portion of the parcel will be developed for housing, business or indusEial use and therefore, water and sewer service is not ne,cessary or planned for. Marek Kubesa of PRT Consulting (sub consultant to our airport engineering firm, Olsson Associates) researched the County Assessor's records on Monday October 8,2007 obtained the names and addresses of property owners within 200 feet ofthe 60 acre parcel and leases of mineral interest for the 60 acre parcel (see attached list)- Letters were mailed to each owner providing them with a copy of the attached Public Notice. The Public Notice was advertised in the Post tndependent on October 12,2007. tn addition, I posted the required "public notice" signs on october 10,2007. They were placed on County Road 319 at the entrance to the 60-acre parcel as well as at the entrance to the 0375 County Road 352, Bldg. 1070, Rifle, Colorado 81650 (970) 625-1091 Fax (970) 625-850t email; gcra2@earrhlink.net airport to meet the posting requirements of the County as identified by Fred Jarman, Director of Building and Planning for Garfield County. Construction on the mnway upgrade project could start as early as next year pending continued FAA funding. After acquisition, Parcel 15 will become part of the airport, and I will be requesting the BOCC re-zone it and the other parcels we are acquiring from ARRD to P/A. The initial airport upgrade work will include relocation of County Road 319 for which the acquisition of Parcel l5 is essential- Attached to this letter are: Exemption from suMivision amended form Letter from co-applicant, Public service company, with attachments Letter from Airport Engineer, with attachments Copy of the purchase agreement List of property owners within 200 feet List of mineral interest lease holders of subject property Reduced-size copy of exemption plat Mylar Thank you for your consideration of this matter. Yours sincerely, \A, ,z-' t,Qxza^ (avl& Brian Condie, C.M. Airport Manager encl: Public Notice Photos of Postings FRT fpn&Tilfr ne, lnc, October 31,2007 The Board of County Commissioners Garfield County 108 8th Street Glenwood Springs, CO 81601 re: Public Service-Garfield County Exemption from Subdivision Dear Commissioners: I am a registered Professional Engineer in the State of Colorado and am the President of PRT Consulting, Inc. (PRTC). PRTC is subcontracted to provide project management and various engineering services to Olsson Associates for the project known as Upgrade Runway 8126 to C-III Standards. Olsson Associates was selected by the Board of County Commissioners as the engineers for this project in July 2003. Upgrading Runway 8126 to C-III standards is necessary since these are the standards established by the FAA for the business jets that currently frequent the airport. The FAA is committed to funding the upgrade and has already provided three grants towarcls the project (AIP 3-08-0048-14,15 and l6). AIP -16 specifically designates funds (approximately $135,500) for the acquisition of the subject Parcel 15. We anticipate further FAA fundingin2007l2008 to cover road and creek relocation impacting the subject Parcel 15. We are currently preparing final plans and specifications in order to be ready to obtain bids for this work early in 2008. This work has included topographic surveys, on-site boreholes, test pits and geotechnical evaluations, slope stability analyses, hydrologic and hydraulic analyses, earthwork volumetrics, road, channel, culvert and utility design as well as the coordination of overhead power line relocations. A number of alternatives were examined in order to accomplish the upgrade and 1.he preferred altemative includes a slight realignment of the runway (see the attached Figure 1). This alternative has undergone an Environmental Assessment process and received a Finding of No Significant Impact. Realigning the runway and expanding the safety areas to C-III standards requires the realignment of Dry Creek and County Roads 319 and346 as well as associated water, sewer and gas lines. Portions of the relocated County Road 319, water, sewer and gas lines must pass directly through the 4.305 acre Parcel 1 5 currently owned by Public Service Company of Colorado. In addition a portion of the new Runway ProtectionZone falls within this parcel and so it is also required for approach protection puposes. l340DeerpathTrail Suite200,Franktown,CO80116oPh: 303.532 1855oFax: 303.309 l9l3.wwwprtconsulting.com I ilr P r (, v r il g r, r <r rr u P u r r a I r L, il r il r u u v il r il il u v cl l, r v ii t, rr g r rr ri i/- r r il I VRT ;} -rt The attached Figure 2 shows the existing roads and topography in the vicinity of llarcel 15. It should be noted that the parcel is some fifty feet higher than the adjacent county road. Figure 3 shows the topography and roads after realignment. As can be seen, the remaining Public Service property is fifty feet or more above the relocated road and there is no possibility of direct access to the road. The present access to the county roadlis to the south and east and is not impacted by the removal of Parcel 15. The attached Exemption Plat has been prepared and certified by Dana Sperling, a land surveyor registered in the State of Colorado and employed by Olsson Associates. In summary, Parcel l5 is needed in order for the runway upgrade to proceed. The FAA has funded the acquisition costs and is preparing to fund a construction project that will include building a road and utility lines across Parcel 15. Once the runway is reconstructed a portion of the mnway protection zone will fall within Parcel 15. Acquisition of this parcel is critical to the completion of the runway upgrade project. Yours sincerely,(Ai /u,rl Peter J. Muller, P.E. President encl: Exemption Plat Figure 1. Vicinity Map Figure 2. Existing Parcel l5 Site Plan Figure 3. Proposed Parcel 15 Site Plan Grant Agreement Page 1 AIP 3-08-0048-14,15 and l6 A XcelEnergy" To: PUBLIC STRY'CE COMPANY Board of County Commissioners c/o Airport Manager 0375 C.R. 352, Rifle, Colorado 81601 Jim Hanson, Sr. Agent, Siting & Land Rights 550-1sth Street, Suite #7OO Denver, Colorado 80202 October 31,2007 Public Service Company of Colorado, Request for Exemption from Subdivision Dear Commissioners: I am sending this letter to introduce myself as the co-applicant with the Garfield County Board of County Commissioners in a Request for Exemption from Siubdivision. My title, and contact information, is attached at the end of this letter. I am speaking on behalf of Public Service Company, with the authorrty as a Senior Siting and L-and Rights Agent, to request that the Company be exempt from full subdivision review to facilitate the conveyance of a portion of property currently owned by Public Service Company to Gadield County for airport purposes. Public Service Company is to retain all existing rights to use the Remainder Parcel for utility purposes, and to retain the possibility of dividing its Remainder Parcel through a regulatory exemption process. Public Service Company is the current fee owner of a 59.493-acre parcel of land in the SW1/4 of Section 14, Township 6 South, Range 93 West of the 6th P.lvl., Garfield County, Colorado. Public Service Company and the Garfield County Boarcl of County Commissioners have entered into a mutually executed Purchase Agreement, by which Public Service Company, "Seller", has agreed to sell to the Garfield County Board of County Commissioners, "Buyer", a 4.305 acre parcel out of the 59.493 acre parcel. This is consistent with the Purchase Agreement. The legal description for the 59.493 acre parcel is referenced in the Special Warranty Deed, Assignment and Bill of Sale on Exhibit B-1, and is attached hereto. Public Service Company has a 100o/o fee interest in the 59.493 acre real property parcel. This Remainder Parcel will continue to be used for utility purposes related to providing electricity and gas to Public Service Company customers. The Remainder From: Date: RE: Parcel currently contains improvements including an electric substation and lines for the transmission and distribution of electricity. The electric lines enter and leave the substations and the property for the purpose of supplying electric power to PSCO customers throughout the geographic service territory. Public Service Company and Tristate Generation and Transmission Association, lnc. share interests in the personal property referenced in Exhibit B. I have completed several internal corporate processes, and have received approval from Public Service Company to sell the 4.305 acres parcel to the Garfield County Board of County Commissioners. The 4.305 acre parcel will be used for road realignment and airport runway purposes, and as currently planned will not negatively impact the Remainder Parcel or PSCO operations. We are satisfied that the eventual relocation of the transmission towers, that are currently located on the 4.305 acre parcel, will not impede us from delivering electricity to our customers. Public Service Company, by virtue of the Colorado-Ute bankruptcy proceedings, acquired an access easement to the property. Access is not impacted by this transaction. Access to the property is from the east end off of County Road 319, and is not impacted by this transaction. The access easement is attached hereto. Finally, the real property transaction between Public Service Company and the Garfield County Board of County Commissioners will not have any adverse impact on the water and sewer facilities currently located on the property. The Warehouse building and the Telecommunications building both take water from the dedicated on site water well. These two buildings are also connected to an on site seprtic system. The water and septic facilities existed when PSCO originally took title to the property, are located entirely within the boundaries of the Remainder Parcel and neither the requested division of the 59.493 acre parcel by Subdivision Exemption, nor the real property transactlon will have an impact on them. \ Regards, -),;{o-r-zs> Jim Hanson Sr. Agent, Siting and Land Rights 550-1sth Street, Suite 700 Denver, Colorado 80202 Phone: 303-571-7367 FAX: 303-571-7877 E-mail : jim. hanson@xcelenergy.com .'t [E;'l "Ubbio45*t- 0 r cL0cx TILONED s?' CoDu -n*/- y'rr- /11 ctol /'- // 4.n. APft 1? 1992 ALSD0RFz c-OUtlTY CLERf SPECIAL WARRAI{TY DEED, ASSIGNME},IT A}{D B[.r- OF SALE , Return To: Chicago TitIe of Co1o., inc. L225 ITth st., suire 1570Denver, CO 80202At.tn: Don Pord E00x 828 PaGtgES I co co(o eooo &o6.in I \ tu Icn 'ry.\J \$q$N \\ N.. 0 CI $t \ IN is l' IF F6 CDfo u,lJtL c(/-:\ \t.tv TflIS SPECTAT WARRANTY DEED, ASSTG}O{E}IT A}TD BTLL OF SALEis uade as of the,15th day of Aprll, l-992/ atrong eolorado-ttcElectric Araociatior, Inc., a Colorado cooperative associationwhose address is 1845 South Tor*nsend Ave,nue, Hontrose, Colorado,Vl.ctor E. Palnieri lwhose address is 245 Park Avenue, ,35th Floor, New York, Ner.l York (the n?rusteer), as Trustee for the Estate ofColorado-Ute Electric Association, Inc., in Bankruptiy Case Ho. 90 B 03751 C, United States Bankruptcy Court for the Dlstrict ofColorado (the ttCourtrr), collectively the 6R;AlI[oRgr] lrl-atateccneratio!, and ?ransnissioa Association, IDc., a Coloradocooperative associatlon r.rhose address is L2O7 5 Grant Stteet,Thornton, Colorado (rrTri-staten) and Publlc Eervice coEFaDy ofColorado, a Colorado corporat.lon shose address is ].,225 17t!r .street,Denver, Colorado (xPSCo'r), col)-ectiveJ.y,the GRaDilfEEs..i Ihis instruuent is uade pursuant to that certain order ofthe Court dated February 19, 1992 as suppleuented by that order ofthe Court dated March 20, 1992 in.Bankruptcy case No. 90 B l)3761 C(the. nOrdern), vhich order'is attached hereto as.Exhibit--,.3. Thepremises conveyed by this instrument are conveyed as Assets (asreferred to in the Order) of Coiorado-Ute ';hlch Gn-L!IrOR8 areauthorieed to sell pursuant to the order. ,' I 1. gon-vpya-DAe. The cR-All1roR's , for good and valuableconsideration, the receipt, and sufficiency of. vhich is hereby acknosledged, have granted, bargained, sold, conveyed and assigned, and by these plesents do grant, bargain, seIl, convey and ass;igrn to iltr ,P lsrctrC6 I I i i ft' rrl-state andrlght, title.(collectlveIy specifled: Ii a. Subs3atlonE. Undivided ornership interests tofri-State and PSco as epecifled on Exhibtt B, attached hereto,ln the substations whlch are located in the County ofGartle1d, Stata of Col-orado and are described on E-xhiblt q(the rsubstationsx), togrether rrith al.l transforuers, circuitbreakers, sritches, Eeters, control buLldlngs, buswork,conductors, pouer.. llne carrier and related equipnentconstituting the Substatj.ons (the rtsubstation Equipnentr) ; b-Real. PropqEFJ.To PSCo an undivided t00t onnershLp interest in and to atl of the real property legallydescrlbed as set forth in Exhibit B-1, attached hereto,together vith all and singrular the hereditanents and appurtenances- thereto belonqing, or in any rray appertainingthereto, and :.the reversion and reversions, remainder andreroainders, rents, isSues and profits thereof, and al.L theestate, right, title, interest, clains ,and demand whatsoeverof the clUMflfoR8, either,in law or equity, of, in and to thebargained preroises, vith' the heredita:nents and appurten,ances(the rReal Property"), together with: i i- Al1 rights to ditctres, re.servoirs, andwells, and all acijudicated and unadjudicated Hater rightsand rights to gurface uater and ground water on, under,used upon or in'connection with or otherr.rise appurtenantto, the ReaL Propertyi : ii. All nLneral interests in, to and under theReaI Property not :heretofore conveyed, excepted, or reserved by others; and Ii iii. All rights of vay, easeuenrs, Iicenses, . perraits, unexpired leases and other real property. interests ndcessary for the operation of the subslations,includlng blrt not Linited to those identified on EXlribi-t B=1 attached lereto (the rOther Interestsi); provided, houeveq, that the substation located on that pa::t ofthe Real Property co:u:nonly knoun as. Rifl"e 345 kV Sub Area E, and the narehouse Located on ihe Real property coEtronly known as the nlife l{arehouse are specificalfy eiciuded from the ReaIProperty conveyed herein. BooK 8A rtcr966 PSCo, their successors and assigns forever, aII and interest of the GRI}|EORa in and to the follor,ringthe- FConve,yed Assetsn) in the :tanner hereinafter l*ardr94 : : I I :I B00x 82S prcEg$? l-r c. PerFgnal-.-Prooertv- Undivided ovnershipinterests to Tri-State and PSCo as specified on Exh.ibit B, attached hereto, in alL other furniture, fixtures, eguipuent and otner tangible personal property uhic). is located on the ReaI Property or Other fnterests; exclusive, however, of (i)aII inventory, tools. spare parts, shop and garage eguipuent,stores equiprnent, pouer operated eguiiprnent and or.he-r raaterials and' supplies vhlch'are located at, related to or used inconnection vith the Substations and ( ii) al-L telecrcumuni- cati:',^rs eguipnent located at the Substations, including butnot llnited to. microrave, two-uay radio, telephone,satelllte, fiber optlc equipnent and related towers andstructures (the nPersonal Propertyr') . I E>tqgp-tjng_and.exclud.ing from this conveyance the federal income tax ownership and unrelated tax benefits associated vith Rifle 345 kvTransuission Sub Area A and-ififf" 345 kV Transnission Sub Area Bheretofore conveyed by Colorado-Ute to Norfolk and Hestern ltailrray Cotrpany ("N &,H") pursuant to a Safe-Harbor Lease dated September20, 1982 betqben N & W and Colorado-Ute.' Z. Severancq- ?he GR.e,lIfORg hereby reserve a1). r:ight,title and interest in and to the telecommunication eguipuentlocated on or affixed to the Real- Property and Other fntelrests,inc).udlng, but not llnited to, all Eicrowave, tno-vay radio,telephone, satellite, flber optic equipnent and related towers andstructures, and tlre GRIII[oR8 intend that such teleconnunicatlonsequipnent be severed frorn the Real Property and Other Interests,even if physically, attached t-hereto and deemed to be peirsonalproperty. The GRJtItfORE further reserve a iicense, inrand to theieal eroperty and other Interests upon vfiicfr suchtelecomnunications eguipuefit is located, which license shall pernitthe GR-E}|I[ORS, and their successors and assigns, to aI]ov thetel-ecommunications eguipnent to reuain localed on sucli RealProperty and other Interests. The license hereby created sha1l beperpetual and rent' free; provided, that, such license: shallautoroatically terainate at such tine as the telt'conmunicationsequipnent is no longer utilized by the owrler or owners of such egui.prnent - t ,il i3. capacity fntitleqen!.. An entitlernent for Tri-State and PSCo to nake use of the transfer.capability of the Substationsin the Danner specified on Exhibit--q, atCached hereto, (the "Capacity EntitLementsr). The Capacity E:rtitleruents are subject to and rray be nodified fron ti:ne to tiue in accordance vith, the terosof that certain Contract for Interconnections and TransnissionService dated ,as ofi epril fS, lggz by and between Tri-state andPSCo. The ornership'interests in the Substalions are specif.icallysubject to the resiective Capacity EntitLeilents'of Tri-Sta,te and PSCo which are herein assigned. I I lr* 196 -3- aa" I I ) I l I t. l : Eoo( 828 rrct9E8 r{,' {. Permitted_Lienss-... _ltre-..Conveyed Assets are herebygrantedr- bargainedr" sold, conv€yed and aesigned pursuant to thcorder-free and clqar of all liens, claias, encuabraDces, rlghts ofthird: parties and interests to. tha. extent effected by the Orderexcept.for the liens for current real propetty, personal propertyor ad valoren taxes yhich are not yet due and payable, vhich ]iengare pe:mitted under the order (the FPerruitted Ltensi). 5.Soeclal Warrantv; Llnltatlon on warranties. a. fhe frustee hereby covenints rith the GRltltf,EEB,their successors and assigns to the Conveyed Assets, that the trrrstee has not, for hls part, done, executed, or suffered any ---- *aLct gr_ _thllg vhatsoever,vhereby the above-described conveyedAsssts or any part thereof, nov or at any tiue hereafter,' ehall be, inperiled, charged, or encu:abered in any tranner' uhatsoever other than the Perroitted Llens, and the ltustee hereby agrees rthat he sha1l rarrant and defend the title tothe Conveyed Assets against aII and every person and persons clafuning the vhole or any part thereof through or under the Trustee. b. r. Itre ?rustee, for hLuself and hls successors andaesigns, covenirnts with the gBlilfEEa and thelr succeaaors andasslgns to tlre:Conveyed Assets that the ?rustee has good andIavfu1 right to grrant, bargain, se1l, assigm,and convey allrlght, title'and lnterest, if, any, of t}re GRltrroRg in and to '\the Conveyed Assets pursgan! t? the-Order,- and that all acts, \conditfons, and, things required by 1au to be perfor:nCd by theI?ustee relaf,ing to the authority of, the Tnrstee to execute ', and delLver this instru:aent have happened or have been performed in a fo:o and nanner as required by law. Lftrtra -{- I I : - e00x 828 Pt5t989 c, .NofHlrHS?AItDING ANY STATBTENT OR ANYTIIfHG ELSEIN THIS S}ECIAL WARRANTY DEED, ASSIGN}GI.I" A}ID BrIjL OP S}IIE TOITIE CO}Cf,RARY,. EXCEP? AS EXPRESSLY SEr FORIH rX PARAGRIPHS 5(A) AND 5 (b) , THE TRUSTEE HAKES NO REPRESE}ITATTONS OR }TANRAHTIES' OF A}IY KTND OR NATLIRE HHATSOEI/ER rO GI.TIflIZEA OR GiIT:rEE8 'SUCCESSORS AND ASSIGNS. irn,GR.E,}TTOR8 IIITNESS I{HEREOF, thls lnstruaent has been executed by theon the .datg set forth above. frYljtr irF-'r-Yri. INC. Victor H. falnieiT, rrust-e nByVictor H. Pahsieri STATE OF COUNTY OF NEH JERSEY ss. I{AIVER OF RTGHT TO PAR?ITION ) ) 1 ^ ,,/rl The flrqgoin/ instrunent was acknowledged before rae thls dL 'doy of -UrztadU -,,-, 1992, by Vlctor H. palnieri, as Trusteef6r the Estard if colorado-Ute Electric Assoclatlon, Inc. and lnBankruptcy case No. 90B03761C, Unlted States Bankrupt.cy court forthe District of colorado. wltness ny hand and offlaiai seal. So.liong:as the Substatlons ehlch are orned on an undlvlded basld byTrirstsate and psco, or; any part thereof as originally constructed,re.ccinstrucled or odd"d tc-ls used or useful f or the tiansnlssion oielectrlcar pover and energ:y, or to the end of the perlod peralttedby appllcable law, vhlchever llrst occurs, Tri-State and pSCo eachhereby waive tleir rlght to portltLon, uhether by partltlon in klndor sale and division of the proceeds thereof, and agrree that theywlIr not resort to any actlon at Law or in eguity to partltLon andfurther uaive the beneflt of a]l laws that lnay nov,or hereafterauthorize such partition of the conveyed Assets conprlslng suchSubstations- AlI lnstrurnents of conveyance which effect, evidenceor vest the ovnership lnterests of rri-state or psco in a granteeor such grantee's successors and asslgns shaII contain thls salver l.aE116 -4 t9 of rlght to partltlon- It is deened to run vlth the .Iand. t:3il;r!;f'rcE CoMPAIIY oF : agreed that tiis BooK B?8 ruotggO I i covenant shall be Attest: STATE OF COLORADO. )) ss. couNTY OF DEITVER ) day and , respectivelyfand Transm assoclatlon.t{{tness uy hand and offlclal seaI. TRI-STATE GENERATION A}ID before nei thls and Colorado cooperatLve i I t il-'J'?,1i3- K,S&O,- --.a;iry)Lde- Jqr STATE COUNTY OF COI"ORADO OF DE}rvER Xy Coruaisslon ,expires I t >{ f/, a fng instruuent, was ack ouledged before Ee this and ) ) I I i. s3. _, Leez, av I/. (ln their capacity as , respectlvely, of Pucorporation. t{itness my hand and o[f lcla). -t- ; : : := iii i lll I !l lrfrl llttl I l|l-e-:' nd f a o S. Notary PubIic The day -of fi[,-f#ffl'{ar.' r- '. I @i tr r__^r j Kqf::::W Notarf Fublic Hy Coonission expires, f*/6-^ al' EXHIBIT A .UNITED STATE5 BANKRUPTCY COURT>-(oR THE DISTRTC? oF coIrRADo IN RE: COLORADO-UTE ELECTRIC ASSOCTATTON, INC., Debtot. Bankruptcy Case No. , 90 B 03761 C ): : I ORDER CON'rrRHrNG SECO}ID }}TEXDED]'O'N'. PL.LN OP REORGA.}EZA?rON,AB HoDrFrED, PRoPosED By ?trBlrc asRvrcB coXpAlry op coLoR.h.Do,IACIPICORP ELECTRTC OPERATTONS, TRI-8TATE GENERATTON AITDTRIIISHISSION ASsOCTATTOX, rNC. A}ID TNTERHOIIMT},IN_ FrrR-LL ELECTRTC ASSOCIA?roN l THfs case cane before ihe court. for hearing on February 7,r992,'to consiier ccnfirmation of :he second, Amended Joint, pran ofReorganizarion prop.osed by pubric s"rvit. co'pany of coJ.orado,Pacificorp sleccr-ic. op"riions, -Ei_E"a" Generation andTransrnission Associarion, i;;:-;;lt miiriJ"-ntain Rurar ELectricAssociation, as nodified in--post soricitaiion Modifications tosecond Anended Joint,pran oi-R"org"nization dated January 28, r.992and February 7, rssz land this ord-er {;pia;;,)-j"=* ratluaLv 1o The Court has revier+edconsidered Lhe folloving:the records and files in this cise ana to confi:mation of the plan filed by:A. The objections 1- Associated Electric and Gas fnsurance Linited.and Aegis Insurance Services, fnc- ; 2- centdl. Electric conpany, Cente1and utilicorp united', i"t.; 3 - willialo v. ?aylor,. Corporat5.on, I \ {. The United. States Depart:nent of Energy,including t^h: p"p"rt""r,i of Energy;s ilLsternArea power Adainistration; Central Bank. Nationaltndenture trusteer. c'Association, a:; - ,C.pitalized terras used and nothave the aeaning griven to sucfr termsAsset purchase Agieement) . I defined in this Order sl.rallin the Plan (including the I u.s. orrrnuFiffiln-i otsTPlcl ot coLO,ti.cc o .\,\ ' thr*yntsdc.rt n 2,-rt-92 ]1-lr_Y:s,crrtlffi..r..1 a ll. h, rl aEt Oi *fffi.3 h 1-t r. E r., i l t I I & <!Boox Bas Prcrggz.. i. -- I6. Nonrest Bank Hinnesota, National 7. Pyropouer corporation; and Association; 8. united staEes Trust Conpany of Nerl york, asTrustee, and the owner-pll.:.ipanrs,. B' The memoranda filed by certain.parties in support of andin oppositi":-a:.tne oui-e'c-tions, the,"rritre-n and o.'Jil.s.inonyoffered by alg pran proioi".,., an. acc.pi.a by the cour. ac rhe;::il ::r, j,,.,1,j,..=1" H; tXl' :H,r.B .:::i* ", i nrro du ced by o *, " i p.=.i3i o.tlf;""I:o':Jff, T:"ir.r", T*.1H,:."o inro evid","" r,y "rj I D' The offers of proof , argiuraenis and stipurations nace bvcounser' for rhe various p;;;i.r at trre February 7 | L992 hear:ng; ani.E- ?he plan,. tn" Motions to Approve-posE ,"fi":="ar.",Hodif icarions- ,r.o- sr"ond a*"ia"a ioiii niir of Rearganizaiion (rher"!{otions ro Hodify"l-,-ai"^oi=-ror,r." s1"i.r"rr and the cerrif icaEesl:fo';:li ;:. "; ::" :;;:: I,L':";;; ";;i i;"::'H. co n r i *a iil,,- r, "., i ne Based upc li : . n ", i i i " ", i!" ? J*..,|n"J ?.o *'" .. ^:, :. : : : ; i:i:i., t r r, j*o,,, s e d, m a k e s ,,' ', PINDTNGS oP PACT r I. Coloys6o-Ute ELectric Association,-.Inc. (-,,Debtox.,,1 fif ea iits r vol'unrarv peciti"" iiill' "n.o".. rr-lr"tr,e n.nxruprcy code onHarch 30, rrso, in-Ii"*"In=ir"o it"t"r- iirrx.rp".y cour*,. for rheDisrrict, of colorado. - o"'T= about nrg.r;; t7_, 1990, Victor. H-Pal'nrieri'?as approved by ii"-co,r.i; ?x=;e for the Debror.Z-i public.Service cor'pany of CoLorado- (,,psco,,), pacifiCorpEtectric operat'io"= -;;nu-"ili"r.p;l]--iri]i."." Generarion andTransr;rission Associarit",*"#"- t;rli_slli*il, _and,rnteroountainRurar Erectric - - Associ"tioi - '(,,lnc,;i-- (collecrivery ,,planProponenrs.,) , .lt]:g r:;;:i;"' second Aienced _ Joinr _,plon orReorganizarion in this "i=-"-i.t.d oeceab;;*i;. 19e1. That pi.r, ,r.unodified on January iB,- ll.si'ana February 7, 1992.; 3 - Afterconnect.ion r.rithapproved b), the due and proper l"_:i:: to aII parties in interesr int'hls case, the oisclosu=" stof"-"nt for the pLan ,_rascourr .by order dated p"""-Ji"? zo, 1991" llr o.tj,il o"l?i?:l, ^ : 1 ^ :n : - :5:.:._..r " . s r a r€m en r,, "n. I ip r o p o n e n t s c a u s e J :;;; ; "' o i'. n In i o Jji;"fir:: r : : *: T il ; .,iJ".., r i ; : -2- n :t' *r accx 623 racE993 Plan. ballots for accepting cr rejeccing che PIan, and the Order fixing rhe uine for,sur:ni=rfo., of ui]Iots and for fil-ing and serving oU3"ciions to confiimacion of the PIan to be served upon aIl parcies in interesc in this tase in accordance vith the orders of the CourE,, the loca} rules applicable in this Dist'rict, the Federal Rul'es of Bankruptcy Proceduie, ana the appligabl-e.provisions of the Code' and notice of the o.a"t approring the Disclosure Statenentr to be fublishea it accordan". ritf, iti terras' Notice of the confirmation'n.orinq and of the date f or voting on and f iling and se'rving objections ro the plan is adequate and proper in a1l respects. 5 - C'l Januarl' 28, L992 and February '? ' L992 ' the PIan Proponent.s frled and ser.red t,heir Post-solicitation Hodifica't'ions and the Hotions to Hodify. None of the roodifications advcrrsely change the treat:xent of any class of claims that has not consented to such modif i.cat:ions. 6. The Plan, complies vith a1I applicable provisions of Title 11. I 7. The Plan Proponents have cor:rplied with uh'f appl!'cable provisions of Title 1I. I 8. The Plan has been p=oposed in good faith and not try any means forbidden bY law- g. Any paynent made or to be made by the P-'n Propone,nts, the Debtor, the TruJtee,, or a person issuing secu- :ies or acquiring property under the Plan, fot services or fof costs and expen:;es in 3t it-.6rrnection with the case, or in connection r'rith the PIan and incident to the case, has been approved by, or is subject to the approval of, the court as reasonable.' , 10. The plan proponents have, ;disclosed the identity and affiliat,ions of any individ.uals proposed to serve, after confimation of the Plan, as a director, officer, or voting trustee of the Debtor, an affiLiate of the Debtor participating in a joint plan with the Debtor, br a successor to the Debtor under the Plan; Lne appointment to or iontinuance, in such office of such individual is colrListent, vith the interests of creditors and eguit'y security holders and with public policy,' and the Flan Proponents have disclosed the iaeniity of any rinsider_that vill be eupl-oyed or retained by the Debtof and the nature of any'coEPensation for such ins icier. ii1. Any governmenta] regulatory couaission with jurisdiction, after confirrnation of, the PIin, over the rates of the Debtor. has approved any tiate chairge provided in the PIan, or such rate change is'expressl! qonditionld on such approva)-' I 1 t -1 12 - wit.h resPeci to i.nterests, each holder of a either accePted the PLan or on accounc of such claim or Effective Date of the Plan, such holder srould so receive ',!or 82S ?Lofg9y' each irrpaired class of clains or claim or inEerest of such class has viII receive or recain rlnder the Plan interest proPerty of a va'lue, as of the that is not ]ess than the amounE "hator retain if the Debtor ''rere Iiquioated under Chapcer 7 of Title Il on such date' 13. Classes 1, 3 (b) (1) inpaired under the P1a4' , 3(b)(4), 4(a), and 6(a) are not Classes 2(a) (1), 2(a) (2), 2(a) (l), ti;t(;i, ttul, 2(c) (1), 2(.) (z), 2(d) (2) throush (7), 3(a), 3(b)(3), +ini , 5(a),'5(b), 6(b), .7(a) and 7(b) have accepced the plan. Therefore, excePt, as provided in Paragraph 20 of this Order, r'rith respect to each class of'clains and interests, each such class has eitirer accepted the Plan or is not iaPaired under the Plan. I4. Except to the extent that the holder of a particular c,Iaim has agreed to adif ferent..,treatment of such claim, the PIan prov'ides t,hat.;- with respect to a' clairq of the kind specif ied in Seccion SO7(a) (I) or (2) of the Code, on Che Effective Date of the Plan the hotder of such claim uiII receive on account of such clain cash equal to the allocred amount of such cl-im. vith =esPecE to a cfass oi clairns of a kind specif ied in Section 5o7 (a) (3), (4) , (5), o:: (6) of the code, each holder of a clain of such class uill receive cash on the Effecrive Date of the Plan eguaL to the allotted amount of such claim; and vith resPect t,o a claiu of a kind specified in SecEion 507(a) (?) of th'e Code, t,he holder of such claim wiLl receive on account of such cl.ain cash on the Effective,Date of the Planl etuat to the alLowed amountr of such c,,Iaim. \ ' 15. At least onel class of cLai:rs that is iapai-red under the PIan has accepced. the iptan, determined vithout including any acceptance of ihe Ptan] by an insider- 16. Except to the extent thaE liquidation is proposed i;r the Plan, confirroaiion of the PIan is not likely to be followed by' the Iiquidation or need for further financial reorganizaqion of the Debr-or or any successqr to the De,btor under the Plan. t L7. All fees payable under 2a u.s.c, section 1930,, as deterrnined by the Couit at the hearing on confirrnation of the F'Ian, 5"""-r*un poia or the Pran Provides for ttre paygent of such fee's on the FffEctive Date of the PIan. 18- The Plan provides for the continuation, after , the Effective Date, of paf-iuent of all retiree benefits, as that te::ra is defined in Section if f a of the Code, at the leveI ,established pursuant to subseccion (e) (r) (B) or (9) of Section 1114 of the Code lc uny tirae prior to conf irmation of the Plan ,for the durat'ion of the period the Debtor h5s rbli$ated itself to provide sqgh bene!'its- o -4 I {- J Boox 823 PrsE995 to confirnacion of --he Plan contained in have been eicher satj.sfied or duly waived in acccrdance v/ich the p=ovis ions cf the 19 - Alt conditions secEion 7. I of the PIan by the PIan ProPonents P Ian. 20- Notuithstanding Paragraph 13 of tthis. orjtef ' "11 :.f-:l: ' u pp r i lli r "";;iliii;;;i; ;r s;;-" i o;- l l: : J: ) *"^t il:.",o,';,, ::,t:' ;?:ill:::i:;"iir!iit ttl, are rnet with resPect to crass 2(d) (1) ' with l: i-'-l !L^ 61 -h ,? tha;;$;;a io u"tfi cto=., the Plan Proponents modified the Pl'an at' the confirnation Hearing to deIet" poiograph:.5'11(e)' 5'4(a) (i) and 5.4 (a) (ii) of - tfre -Plul, lld to iubstitute the following as ;I I Ia t earagraph 5.4(a) (i) of the PLan: I DECREED: raodif ication i ,,The Trustee shaII est.ablish an interest bearing account' knownasthe,PyropowerReserveAccounc,ontheEffective Dat,e. pyropower,i lien shall transfer to the PyroPo?gl' Reserve aciount. PSCo, PacifiCorp and Tri-5eate will' """r.,_r""dthePyropoverReserveAccountont'heEf(ecliverDate sith cash or i clean letter of credit in the 'alnount. of52,ooo,oooeach.llhentheClass2(d).(1)clainishal} have been Alloued or disallowed by a -Final Order, trh€: Trustee shall, unless t.he claim lJas disallor,red, make et ;;;;-Lg.inrt any such Lerters of credit in an amount: equal --o one-third of such All"owed Class 2(d) (I) Clainr andtheTrust.eeshallPaytoPyropowerfromthePyropor,er Reserve Account the anount of the Alloved class 2(d) (1) clain. IuroediateJ.y thereafter, the Tru-stee shaIl: (1) rerurn the origiial Let,ter of Credit to the Plart Proponent',f,ofu-rnishedit;and(2)paythebalanceofthePyropowerReserveAccountProratat.oeachPlan Proponent who deposited cash, instead of a Letter of Li"iit, into the Pyropo'er Reserve Account'''1 , pyropouer consented to the foregoing rnodifications and uithdrew its olietcion to confirnation of the PIan 2L. with respect to C}ass {(b), the Court fi.nds that, .in the event class r (b) has not accepted the PIan Pursuant to S 1129 (a) of the Code, tlre pian is fair and eguitablp. and does not discrirainate unfairly with t"tp."t to-such C.Iais for the reasons stated of record CONCLUSIQNS OF LAIT Upontheforegoing,itisoRDERED'ADJUDGEDAND : A- the'Hotions to Modify. ar-e granted and the contained in paragraph z7 of this order is approved. o -5- I *,ft '.:.' Boox S28 ruct996 g. The plan is hereby confirmed in accordance uith Seclion 1129 of t.he Code.' C- The assunption and assignment or rejection of contracts and le,ases, as provided in the PIan, is approved- I D- The seles of Assets, as provided in the PIan, is approved and, to the exten: provided in the PIan, such Assegs are sold to the respective purchaiers free and clear of aIl- liens, claitrs, encumbrances, rights of third parties and interests- E- The Trustee is authorized and directed to take all steps necessary and appropriaEe tro implement and consuEuaate trhe PIan and all of the transactions contenpJ.ated in the PLan, including but not limited to execution and performance, of the Asset Purchase Agreement in substantially the form attached to the PIan as Exhibit 1. F. The PIan Proponents shall, promptly after entry of this Order,, give nocice by nail of the entry of Chis Order of ionfiirnaiion co each parcy uho received notice of the Confirmacion Hearing - .l G- The propterty of the Estate shall ns! favest, in the DebEor. H. Notuithstandini Paragraph..7..,3 of t'he PLan ind any other provision of the PIan i,hat uould"fiernit uaiver pf the conditions iorrtained in -'hei PJan or ihe Asset, Purchase Agreeraent, ttre conditions contained in Sect,ion 10. OZ (d) of the Asset P'urchase Agreement shaII not be waived. II f. The follouing Stipulation among the PIan Proponents and the\creditors' comnittie is- approved: .t ' "No Alloped Class 6 (b) Clains of salt River or Platte , River phich a;ise fron the assurnption or assumption lrith modifications of . the YatDpa Project Participation Agreement. or Hayden Participation Agreement shall be entit.Led to be paid from Fund II-!' urisdiction over this case to the 28 U.S.c. S 15? and 28tcy Code, U. Si. C. ,S L3l :',-/ ACTIC /.--- United A ADN Stat.es CIark Bankruptcy Judge F.R.8.P- tha Fo.tolrrq h.t ol Jx -".'-- ;, .-L - / "- qJ tYalr/).tll -6- :,t I ir1;l II il H H E I rl" g"yft "#ffi LINITED STATES BANKRUPTCY COURT FOR THE DISTRICSi OF coLoRADrJ ooox 828 Proi997 BankruPtcY Case No' 90 B 03751 C CoIoRADO-UTE ELECtRTC ASSOCIATION, rNC', olutor. FILSO BRAOFORO L ECLION. E.ENX ORDER GRANTING UOSION FOR HODI?ICATION OT TEE CO}i?IRUED EECOND A.}IENDED JOTNT PLAN OP REORGA}IIZATION AND POR CORREC'JON OT CLERICAL ERROR IN CO}TFIRY-ATION ORDER This matter is before the' Court upon the Motion for Modification of , the Confirmed Second. enenaea Joint PJ"an of Reorganization anri for Coryection of.ClerlcaI Error in Confirmatiolt Ora.i (',Hotion") filed on March 3, tbsz,. by Public Serrvice company of Colorado, pacifiCorp Elect;;.; bfitatioris, Tri-state Generation and Transrnission association, tnc., and. Intermountain Rural Electric associJii";-G;-1;"ti".fy, the'tPIan Proponent-s") "- Notice ;;;;;;";;;;-s-j;;-;;;;;;;-i" rcl.r Rule 23 '"d ch" court havins i"ceiVea no iirnely-filert objections, it is thererfore ' On-DERED that the Pl"an Proponents are perr,ritted to rnodify their second .A:uended JointrPlan of RL;i;;;1rutii,'t (the i'Plan") .submitted in the above-captioned case Uy nlling the Proposed Modifications set forth in fxfrifit A to the Motion' i, IT IS FIIRTHER oRDERED that the Proposed Post-confirmation Modifications are hereby approved. and that the PIan is hereby confirned as --lnoaifiea- ;i the Proposed Post-Confir-uation Modifications. ! , IT Is runfilEa ORDERED -that tltl" Confir:naiiol 9ld*: dated Fe.pruary 19, i;i;-,- pru"io""tf--iena-erea .by' this court in this ;;;k;;;L"y ittio; is herebv ""it."t'd bv chins+ng the-53j,;r:i:,. i:paragriph- e of the Confirnation Order fron "'paragrapn zt" Lc) ;'purig.iph 20". , i ITIS pursuanc to I DATED this -lgH"v "t F..rll.<r Orilt'<J *lran i!,. r,.- P.oporr.^'lr sf l' !-rvc a cr.p1 *[ {.:s Ctol., upon atl aothcs, i^ltxrl. TI"IRTHER ORDEIiED Locai RuIe.23 is the Notice, approved. given of the Motion rf t I I Ij j 1 iIunited States BankruPtcY Judge I llll h ]-992 - \ Patricia Ann CIark fi5 ri .|.. ,.i. i -, - F :. ..',.\.IN RE: I l.ToeachoftheGR:Alf,ItEEsanundivided50to.Jnershipinterestin and, to the folloring personal propertyi ' -sgblttgli-an: rriflc 3{5 xv substetLon }raa E Together sith an undivided 5ot interest to eaclt of the cRAlclEEB in , and. to tr'"'1G"i"iio" Equipnent and Personal ProPertY. 2. To PSCo an undivided ProPertY. .' , 1001 own"t=iip in and to the follorling I SubFt3tlon: i RlfLe 3{5 kv rrausni'sciou Eubstatioa Aroa D Together vith an undivided loot interest in and to iu6statiott iqoiprent and Personal Property' 3. To PSCo an undivided 100* ornership interest in and to EXIIIBIT B GARFTELD COUNTY i Boox S28 ?rct998 the the folloving ProPertY: sub.station: I RLflc 3{5 kY Transuission 8u}statioa Area D rogether trit-h an undivided loot interest \in and to 'trhe ilil;6";;q"ipnent and Personal Property' 4. To psco an undivid,ed loot ounership interest in and to the follouing ProPertY: Sgbstation: Rifl'e Traugr'issioa Er:bstatiou Area A ' Together with an urdivided loo-t inte:est in and to the i"6"tation ffiip."tt and Personal Propert'y' ; I i Lryrcr196 ;*' boox BZ3 Prci939 EEIBII 'B-1' GtsRrTELD 'COUNTY RISLE SI'BSTATION IISBR VTT RIFI,E SUBSTATION tniiie-i+s xv sub Area E) (Riii;-;;s-iv rrans sub Area D) (Rifle 345 kV Transrnission Sub Area B) teiirJ it""=*itsion Sub Area A) .sE1/4NE1 /4swi,/4 oF sEcTroI-11' AND NEl/4 saL/4 swl/4 oF sEcrrol'-inl-el'i ll-P*sHrP 5 sotm{ R'ANGE 93 wEST o. 'nr""iTH';M, 6ARFTELD coulrrY' coLoR'ADc' AND I swr/+ser/4 sECTroN 14 WTST OF THE 5TH P.M., T'OI.INSHIP 5 SOUTH RANGE 9 3 ianiistD cotINTY, coLoRADo ir I Instnr:aenc t9 6 :*' I I I I t $ o I CAPi CITY-ENTI TLEHEUT S Boox 823 rrra PSCo capacitv - Enlii!lenent 50t 50t s0t 50t I qqq F, i a : : I1. 2. 3- 4- suu?tatio.n Rifle 345 kV substation .Area E Rifle 345 kV transmission Substation Area Rlf1e 345 kv rransmission substation .Area B RifIe Transmission Substation Area A' Tll.-,state caracity EntitleBent s0t 50t 50t 50t l I I I' b@; r9A i . I Eoor[i:92 *cr?Jf $rtrir( 6E4 orce116 ! \\ \\- .]- ACCESS EASE}IEN:" - - -- -Boco to*-;{--L X ; Q Q o,er.-"r-Irr@ Baption N.. .IlSLtgCO TflTLDBED ALsDoRF, REcoBDER Februarv rs ge ';'llui '-P.oBEF: E. CHANCELLoR as ceneral partner,Rif Ie LanC n.ssociates, Ltd /. CCLOP-A-DO-IIEA EXUIBIT I] Proj ecl Riile Subst l.ccess Roard ELECIRlC ASSOCIATION, INC. \ N I \ \ N {c6 *-\\ss$ t J J J -t ) 1 -i-t/ G -Ftc[ n cout'TY, cotoRADO t.KI.OT ALL i:EN 8Y IHESE PRESENTS thAI the uddergigned Rifte Lald Associq of the Cornty of Garfleld Stafe.of Colorado, rhose address is p2l lTfI St':gef, Suifo hereatter reterred to as Grontor tor $675 .00 ,,- -receipt ot .nich is hereby acknorledged, does hereby grant unto Colorado-We Electric Association, lnc., Fhoso address is P. O. 8ox 1149, Montroso, Colorado 8t402, hereaffer referred to as Grantee, and to its successors or assigns, the right, priviiege, and sasenenf to utilize an existing road owr and 4cross the foltoring described property, situated in the C,ounty of Garfield , Stafe of Colordo:r Southeasl Quarfer (SEl,/4) Section 14, Township 6 South, Range 9) l{est, of the 6th P.M. Garfietd County Colorado. 2. fhat the purpose of this easem€nt is to insure the right of ingress and egress to a substation site nhich the Grantee yill construsf, reconstrucf, operate, repair, rnainfain and tf necessa.y replace on nearby lands. The Grantee agrees that its use of the above @scribed preerty shal I b,e limifed to such purpose. Furth€r, Gronfor and Grantee agree thaf the term of this access easerpnt shal I be tor os long as the said substafioo site is cperatsd and maintained on said noarby lands. 5. TheGrantee shall poy for any ond all physical danoges that m6y be caused In.the uso ol said acess road orrar lnd &ross the property of the 6rantor. 4. Tho Grantee agraes to accept suifable alternate access in the event Grantor ch.nges the location ofall or part of the existing access road. 5. The Granlor convenants and darrants ihaf he is the orner of the above described land, subjeqt to suchd€lecls, ouist,:nJi;o inrcresti, liens, or e,:c:.isrences :s nly now appenr of iecord. lN WITNESS liHEi:CF, the Grantor has set his hanO and seal ttris 10th day of Febru:rrv re B5__. - -',('c,tc,-- t /,).zav AOftOWLEOGEMENT STATE CF COLORADO COUNTY OF DEIiVER -.-.--.-i-.-..-.,i ,' ,.';, t. ..'. ".. The jtoregoing'i..ristr.unerrf ras acknorledged before nre this 1Oth day ot SS l./IINE;S hy hand and officiat seal. My cornmission expires JanuarV 18, 1987 DT.[Ai.TOSTE Docrrr'z't\'lTNo. v92. l d BociilSgZ PAcr732 socx 684 ?lral L? a strip of rand 25 feet wide situateci in Lhe Northwest Ouarter ofEhe southeast Quarter (Nwl/4s81/4I and lhs southe+st ouarter of thesoutheast cuarter .(s_El /4s81/4) , seetion 14, township 5' sourh, Ranqe93 west, of Ehe 5th principal. l,reririian, Garfield C;;niy; cororado,the cent.errine of sai<i strip beinc more particularly alicribed asfollows: BEGTNNTNG AT A porNr from which the southwest corner of theNwl /4sE 1/4 of said section 1 4 bears South alonq the west lirne ofSaid NW1/45E1/4 42.0 feet, run Thence along the arc of a 351.98foor, radius curve Eg_!l,u right, the chord of which bearJ SgZ"00,E60-33 feet; Thence s72'30rw lGG.s feet more or ress to the rsouthline of said NW1/45E1/t, and BEGTNNTNG Ar A porNT from which the Northwest corner of theSE1/2581/4 of said Section 14 bears North alonq the r.Iest lirre ofsaid sEll4s81 /4 -380.0 feer,, run Thence s70"00'E ioa.o-i""t; Thencealong the arc of a 189.08 fooE radius curve to the reft, the lonqchord of which bears s91"20,E 74.31 reeti Thenee Ng7"20.E 702.afeet; Thence along Ehe arc of a 7G.00 foot radius curve to the1"!!r the lonq chord of which bears NG1;20,8 6d.63 reei; ThenceN35 "20 ' E 59 .0 feet more or less to the Southwesterf y-niif',t-of -l^layof a county road. ------J Together with areas which may be reguired for cut and fiIIembankment s. Containing 0-755 acres rnore or less