HomeMy WebLinkAbout1.11 Quit Claim Deed Open Space and Road Reception No 793247OM ItriPI 1IVICMW,PLIOKNI t I LIAMI' 11111
Receptiontlt 793247
10/2112010 08:17;28 PM Joan Albertoo
1 of 4 Rio Fe4:428.00 Doc Fee:0.00 6ARFIELO COUNTY CO
WHEN RECORDED, RETURN TO:
Daniel Goldberg
c/o Seligman Western Enterprises, Ltd.
600 Montgomery Street, 40th Floor
San Francisco, CA 94111
QUIT CLAIM DEED
Oven Space and Road
KNOW ALL MEN BY THESE PRESENTS, that SPRING VALLEY HOLDINGS,
LLC, a Delaware Limited Liability Company, whose address is c/o Seligman
Westem Enterprises, Ltd., 600 Montgomery Street, 40th Floor, San Francisco,
CA 94111 ("Grantor"), for the consideration of TEN U.S. DOLLARS AND 001100
and other good and valuable considerations, in hand paid hereby quitclaimsa to
SPRING VALLEY RANCH COMMUNITY MASTER ASSOCIATION,INC..
Colorado non-profit corporation, whose legal address is P.O. Box 1146, 4000
County Road 115, Glenwood Springs, CO 81602 ("Grantee"), the following real
property situated in the County of Garfield and State of Colorado, to wit:
OSP Parcel A
OSP Parcel B
OSR Parcel A
OSR Parcel B
Highgrange Pass Road Right -of -Way
Phase 1, Spring Valley Ranch PUD, Garfield County, Colorado, according to the
Plat thereof filed with Garfield County Clerk and Recorder as Reception No.
7432.43 (the "Property")
Together with all its appurtenances, specifically subject to restrictions,
reservations and easements in this Quit Claim Deed, in the Master Declaration of
Covenants, Conditions and Restrictions for Spring Valley Ranch P.U.D. filed with
Garfield County Clerk and Recorder as Reception No. 143Z45 ("Master
Declaration"), and of record, and all existing leases as the same may be
amended or extended.
Grantor, for itself and its successors and assigns, reserves the right to amend,
extend, renew or enter into new leases or
conveyeasements
henProperty consist with
across, under and through the Property for theuse
the reserved rights of the Grantor hereunder.
Grantor, for itself and its successors and assigns, reserves all water rights, ditch
ch
rights, well rights, reservoir rights, underground water rights, plans
for
augmentation, the well
Propertypermits,
far the useall
andfacilities
conveyance of water. structures used on or
appurtenant
Quit Claim Deed
Page 2 of 4
1111111 'i P211N114111iIin 11111
Reception# 793247
10121!2010 03:17:28 PM Joan Rlbertco
2 of 4 Roo Fee:S26.00 Doc Fee:0.00 GARFIELD COUNTY CO
Grantor, for itself and its successors and assigns (including any utility or special
district), further reserves the right to undertake any use on the Property allowed,
necessary or proper for the development, use and enjoyment of the Spring Valley
Ranch PUD, including but not limited to access for ingress and egress,
construction, emergencies, and for all such uses as may be allowed by the PUD
zoning and the Master Declaration, and to without limitation construct, operate,
use, maintain, repair and replace facilities, utilities, structures or other things
necessary or proper therefore.
Grantee shall, as a covenant running with the Property for the benefit of the
Spring Valley Ranch PUD, use the Property in perpetuity only for the uses
specifically allowed by the PUD zoning and the Master Declaration. Grantee
shall not subdivide the Property except with the express written permission of the
Grantor.
This deed is conveyed in the connection with the development of Phase 1 of the
Spring Valley Ranch P.U.D. and in the contemplation that Grantor or its
successors or assigns will proceed with the development of Phase 2 and
subsequent phases of the Spring Valley Ranch P.U.D. Grantor shall have no
obligation to develop all or any portion of the Property or Phase 2 or any
subsequent phase of the Spring Valley Ranch P.U.D. I the event the Grantor or does
not commence development of Phase 2 before April 1, ,
ay
notify Grantee of its intent not to proceed with the development of Phase 2 and
subsequent phases. In the alternative, Garfield County
may
P.U.D. declare if the rantor
the Grantor
in violation of the Phasing Pian for the Spring Y
does not file with the County an application for approval of a final plat for Phase 2
on or before March 31, 2017. Within thirty (30) days of the date of either event
described above, the Grantee shall re -convey the Property to Grantor. This
paragraph shall be construed as a right of reverter in the Grantor, and may be
enforced by the Grantor against the Grantee at law or in equity.
[Signatures on Following Page]
Quit Claim Deed
Page 3 of 4
Signed and delivered this:Zip*day of 1,At✓4 2010.
1111 FiriPPINAINI �4�IiRCM+�1, '1��PIR,f�h Ilh� �I11I
Reception#: 793247
30 of142Roo FI. $26e00 OoceFee 0,00i6RRFIELD COUNTY CO
GRANTOR:
SPRING VALLEY HOLDINGS, LLC
A Delaware Limited Liability Company
Authori-C gent
GRANTEE:
SPRING VALLEY RANCH
COMMUNITY MASTER
ASSOCIATION, INC.
A Colorado Non-profit Corporation
Quit Claim Deed
Page 4 of 4
1111 Fr'r,iMM1Nihfillialkdii1/4I41INCI4i`I'Ihr Pi 11111
Reception#: 793247
10/2112010 03:17:20 P11 Jean rllberieo
4 of 4 Ree Fee:626.00 Doo Fee:0.00 GARFIELD COUNTY CO
STATE OF en A j/f
COUNTY OF �A Aki$CO
The foregoing instrument was acknowledged before thori me
Agent SPRING
day of
.f 2010 by Daniel Goldberg, as
VALLEY HOLDINGS, LLC, A Delaware Limited Liability Company
}
) ss.
Witness my hand and official seal.
My commission expires nG t 7, .140/3
NOTAR PUB
ALICE FOND NG
Commission i 1674666
Notary public - California
San Francisco County
Comm. Espies Doc 17.2013
STATE OF %Jkil Q10// )
} ss.
COUNTY OF Skil WAX/ )
The foregoing instrument was acknorledged before me this Xr day of
Jai , 2010 by AV/ C/Paht.4. , as Authorized Agent for
SPRING 'VALLEY RANCH COMMUNITY MASTER ASSOCIATION, INC., A
Colorado Non-profit Corporation.
Witness my hand and official seal.
My commission expires c 17, ei9t3
NOTARY LIC r
ALICE FON6 N6
Commission • 1$71666
Notary public - Ca Ifornta
San Francisco County
My Comm. Espies Doc 17.2013