HomeMy WebLinkAboutSIA Docs 2EDWARD MULHALL, JR.
SCOTT BALCOMB
I-AWRENCE R. GREEN
TIMOTHY A. THULSON
DAVID C. HALLFORD
CHRI9TOPHER L. COYLE
THOMAS.J. HAFTERT
CHR|SToPHER L. GEIGER
SARA M. DUNN
DANIEL C. WENNOOLE
SCOTT GROSSCUP
SHANT| A. ROSSET*
* uoENSEo lN AFlzoxA oNLY
WAHand DeliaerY
Elar,coMB & Gnrcnx, P'C'
ATTORNEYS AT I/AW
P.O. DRA\0ER 79O
818 COI/ORADO A\IENUE
GI/ENWOOD SPRINGS, COI/ORADO Al6Oz
TET,EPIIoNE: 9?().945.6546
FAcsrDru,E: 9?O.945.49OP
www.balcombgreen.com
|une 6,2006
KENNETH BALCOMB
1920-2005
OF COUNSEL:
JOHN A. THULSON
SPECIAL COUNSEL:
WALTER D. LOWRY
RECEIVED
JUN 0 6 2006
8ftH"'fSHi'iil't'l[
Richard Wheeler
Garfield County Building and Planning Department
108 8th st., ste.401
Glenwood SPrings CO 81601
Re: Ironbridge Final Plat Documents
Dear Richard:
Relating to the above-referenced matter, I provide herewith for your review and
reference coPies of the following documents:
L.subdivision Improvements Agreement, Phase II, Filings 1, -2 and 3'
rronbri-Jge sruairririon tocaied within thE lronbr*q1,lYP: ,:t: t"1tt51::t -::il3}ffi'"##il^;i;;;"*ir, c""aitior,r, RJstrictions and Easements for
-,- --L- A-^'-aso
Ironbridge; rto*o*n.,, Association Asrl'T"".t 11:1b*ff^::*3"":J*:Tffi#f6,;; Dectaration for tn" atp"i_Collection and Homeowners Association
.-* ^a&a T r^rnrrlrli;:ffiffi "6;:""ilil#;;+;;;ry*l:"f ii-:.*T,"1.i1$:::'-i,J-1*:;ff=-ii":iinX,To"";;;;J;ffi;;" *i*, Don deFord and that I believe the same
to be fairly close to final form'
2.Final Plat for the Ironbridge Planned unit Development - Phase II'Iyig-:
L, 2 artd 3. With regard to this docurient' I ry:d1,noT -l-11: i:,::*::: ::*"HX#ffi;; #H'pIX*;;;fi ;iu ;" amendins the public dedications to conrorm
I tL^ ^^m6an+cffi:ilfft,n"'."a" f orm; t'oy9"9! t'y"" th.:l l |l'-Y 11li :.':',":,1"1t".:lff ll:;'li:il;"tl"i'*ner, I will hold
"off or, this amendment until such time as his
comments are also received.
Bar,coMB & Gnnrcx,
ATTORNEYS AT I,AW
June 6,?.006
Page 2
Final Construction Documents for Phase II, Ironbridge PUD.
Unfortunately, it was not until today that I noticed that the engineers had failed to
stamp the same as final. I wiil have Matt Langhorst of High Country Engineering cgTe
to your office to provide the requisite stamp. These documents have been approved by
the Roaring Fork Water and Sanitation District.
I would like to discuss these matters further with you at your earliest
convenience for purposes of coordinating the finalization of the same.
3.
Should you have any questions or concerns regarding any of the above, please
feel free to contact me at your convenience.
Very truly yours,
BALCOMB & GREEN, P.C.
TAUpb
Enclosures
f
suBD IvI s I oN IMPR o YEMEN r s A q4BEULqrys*
PHASE II, FILINGS 1,2 AND 3,IRONBRIDGE i{IBlllu$oNrfi"p
r,ciclrBD wITHIN rrm IRoNBRTDGE *iYtpl'0
6 2006
g,ilti;iffitr,vfiiil
THIS SUBDTISIoN IMPRoVEMENTS AGREEMENT (..AgreEMCNt'') iS MAdE ANd
RANCH I I C (..Owner") and trr. noano or coLrNTY COMMISSIONERS OF GARFIELD
couNTy, Coloupo, acting for the county of Garfield, State of colorado' as a body politic
*d .orporur", directly or'ttrouit its authorized representatives and agents ("BOCC")'
WHEREAS,owneristheowneranddeveloperofthatrealpropertylocated.Iitht
Garfield County, Colorado heretofore subdivided into lots and blocks under the Amended and
Restated Final plat, lr"ruriagr planned Unit Development, Phase 1 recorded in the records of the
clerk and Recorder for Garfield county, colorado bn June 16,2C04, as Reception No' 654210
(collectively the, "Phase II Property);
WHEREAS, the Phase tr Property is subject to planned *1 9:ldopment 191Tq
heretofore established by the Bocc *d", Resolution Nos. 98-80,99'067,2N4-2O and 2006-35
recorded in the records of the Clerk and Recorder for Garfield county, Colorado on Sep' 09,
1998, June 08, Iggg,February tt,2OO4 and March 22,2006 as Reception Nos' 531935,546856'
646387and694478,respectively("7-oaingApprovals");
WHEREAS, on February 2|,2006' the BoCC, by Resolution No. 2006.34, heretofore
recorded in the records of the Clerk and Recorder for Garfield County on March 22' 2W as
Reception No. OgaaZ8, approved a Preliminary Plan for the re-subdivision of the Phase II
property which, inter alii, would create 173 single-famity residential lots, open space' golf
.o*tt and utility parcel ("Preliminary Plan Approval");
WHEREAS, as a condition of approval of the Final Plat for the of the re-subdivision of
the phase II property (hereinafter the, ;subdivision"), submitted to the Bocc for approval.as
required by the ta*s oi the State of iolorado, owner wishes to enter into this Agreement with
the BOCC; and
WHEREAS, Owner has agreed to execute and deliver a specific form of collateral to the
B6CC to secure and guarantee dwner's performance under this Agreement and has agreed to
certain restrictions and conditions regard^ing the sale of properties and-issuance of building
p"r-l r and certificates of occupancy, all as is more fully set forth hereinbelow.
NOW, THEREFORE, in consideration of the mutual covenants and promises contained
herein, the parties agree as follows:
1. trIINAL PLAT APPROVAL. The BOCC hereby accepts and approves the !911
plat of the Subdivision, on the date set forth above, subject to the terms and conditions of this
Subdivision Improvements Agreement
Plase II, Filing 1,2, and 3
I ronb rid g e Subdiv ision
r:wronu"dage & Rose Ranch\Phase II Final Plat\SIA Form 12.052 6.6.06.doc
Page I of 12
Agreement, the Preliminary Plan Approval, the Zoning Approvals, and the requirements of the
Garfield County zoning and subdivision regulations and any other governmental or quasi-
governmental regulations applicable to the Subdivision ("Final Plat Approval"). This approval
authorizes construction and development within Phase II Filings 1,2, and 3, of the Ironbridge
Subdivision as approved under the Zoning Approvals and the Preliminary Plan Approval.
Development within future phases shall require further approval(s) by the BOCC of subdivision
final pia(s) and associated subdivision improvements agleemen(s) and other documents
requirid for approval by the BOCC of future phases. Recording of the Final Plat shall be in
accordance with this Agreement and at the time prescribed herein.
2. OWNER'S PERFORMANCE. Owner shall cause to be consEucted and
installed, those subdivision improvements, identified in Subparagraph a. hereinbelow
("subdivision Improvements"), at its own expense, including payment of all fees required by the
do*ty and/or other governmental and quasi-govemmental entities with jurisdiction. The
Subdivision Improvements shall be completed on or before the end of the first full year
(completion date), in substantial compliance with the following:
Plans marked "Approved for Construction" for all Subdivision Improvements for
the Subdivision, prepared by High Country Engineering, Inc. listed within Exhibit A, attached
hereto and made u purt hereof; the estimated of cost of completion, certified by and bearing the
stamp of Owner's professional engineer licensed in the State of Colorado ("Owner's Engineer"),
attached to and made a part of this Agreement by reference as Exhibit B; and all other
documentation required to be submitted along with the Final Plat under pertinent sections of the
Garfield County subdivision and zoning regUlations ("Final Plat Documents");
All requirements of the Preliminary Plan Approval;
All Tane District Regulations and other requirements approved by the BOCC
under the Zoning Approvals;
d. All laws, regulations, orders, resolutions and requirements of the State of
Colorado, Garfield County, and all special districts and any other governmental or quasi-
govemmental authority(ies) with jurisdiction; and
The provisions of this Agreement.
The BOCC agrees that if all the Subdivision Improvements are constructed installed in
accordance with this Paragraph 2; the record drawings to be submitted upon completion of the
Subdivision Improvements as detaited in paragraph 3 (c), below; and all other requirements of
this Agreement, then the Owner shall be deemed to have satisfied all terms and conditions of the
Trln:rrrg Approvals, the Preliminary Plan Approval, the Final Plat Documents and the Garfield
County zoning and subdivision regulations, with respect to the installation of SuMivision
Improvements.
Subdivision Improvements Agreement
Plase Il, FilW 1,2, and 3
I ronb rid g e Subdiv is ion
E:Wronbridge & Rose Ranch\Phase II Final Plat\SIA Form 12.052 6.6.06'doc
Page 2 of 12
3. SECURITY FOR IMPROVEMENTS.
a. ktter of Credit. As security for Owner's obligation to complete the Subdivision
Improvements[*n"r ,nuU deliver to the BOCC, on or before the date of recording of the Final
ptat of the Subdivision with the Garfield county clerk and Recorder, one or more Letters of
Credit in the form agreed to be acceptable to the BOCC, hereto and made a part of this
Agreement Exhibit C |"LOC'1, or sucbother form of security as may be deemed acceptable to
tfrl 3OCC as providedin paragraph 3 (g), below. The LOC shall be in the amount of $-
representing tirr nff estimated cost ofiompleting the Subdivision Improvements, including a
srifficient.intirrg.rr"y to cover cost changes, unforeseen costs and other variables (not less than
l17o ofthe estimated "ortr
and as approved by the BOCC), less $-, which sum
represents the cost of Subdivision Improvemeuts already completed as of the date of execution of
this Agreement, all as are as set forth and certified by Owner's Engineer on Exhibit B.
b. Revegetation Security. Revegetation of disturbed areas in the Subdivision shall
be secured uv @ credit in a form acceptable to the Bocc, attached to and
incorporated in this Agreement by reference as Exhibit C or such other form of security as may-
be djemed acceptable-to the BOCC as provided in paragraph 3 (h) below,_ in the amount of
$ from the Owner to the BOCC ("Revegetation LOC"). The Revegetation LOC
or such other form of accepted security shall be valid for a minimum of two (2) years following
the recording of the Final Plat and shall be subject to the following provisions:
l.Upon establishment of vegetation, the Owner shall request rwiew of the
reiegetation work by the Garfield County Vegetation Management Departlent'
by tJephone or in writing. Such review shall be for the purpose of verification of
rr""r.i of revegetation and reclamation in accordance with the Garfield County
Weed Managerient Plan 2000, adopted by Resolution No. 2N2-94 and recorded
in the OffiCe of the Garfield County Clerk and Recorder as Reception No'
580572,at Book L25L, Page 566, as amended, and the Revegetatiorfieclamation
Plan for the Subdivision submitted for Preliminary Plan Approval.
Following receipt of written approval of the Vegetation Management DepTtment'
the Owner may submit to the BOCC, through the Building and Planning
Department, a written request for release of the Revegetation LOC, along with
certification of completion by the Owner, or Owner's agent with knowledge, and
a copy of the written approval of the Vegetation Management Department.
If the Vegetation Management Department refuses approval and provides written
notice of d"fi"i"n"y(ies), the Owner shall cure such deficiencies by further
revegetation efforts, approved by the Vegetation Management Department' as
suchhay be instinrteA witfrin the two years following recording of the Final Plat.
If revegetation efforts are deemed unsuccessful within the two year period of
time, ii the sole discretion of the BOCC and upon the recommendation of the
Vegetation Management Department, or if the BOCC determines that the Owner
will not or cannot complete revegetation, the BOCC may withdraw and employ
Subdivision Improvements Agreement
Plnse II, Filing 1,2, mtd 3
I ronbrid g e Subdivis ion
E:\I\Ironbridge & Rose Ranch\Phase II Final Plat\SIA Form 12.052 6.6.06.doc
ii.
iii.
iv.
Pase 3 ol 12
from the Revegetation LOC such funds as may be necessary to carry out the
revegetation wJrk, up to the amount of Revegetation LOC'
In lieu of or in addition to drawing on the Revegetation LOC, the BOCC may
;rtd an action ro. ioj*"tive relief-or damages for the owner's fail,re to adhere
to the provisions of this Agreement related to revegetation' The BOCC shall
provide the Owner a reasoriable time to cure any identified deficiency prior to
iequesting payment from the Revegetation LOC or filing a civil action.
It is specifically understood that the Revegetation LOC is not subject to
.o""".rir" partial releases, as authorized in subparagraph 3(c) below' Further' the
nrr.grtution LOC, and the BOCC's associatedright to bring a court action' shall
survive final release of the Revegetation LOC'
c. LOC and Revegetation LOC Requirements.. The LOC and the Revegetation LOC
required by this egr"r-*t.hull b" irroffitut" * oational banking institution acceptable to
the Bocc. If the institution issuing the same is not licensed in the State of colorado and
transacting business within the State of colorado, the Loc and the Revegetation Loc shall be
..confirmed" within trr" *"*rit g of the uniform commercial code, Letters of credit' $4-5-101
et seq.tc.R.s., u, *"oard, by-a bank that is licensed to do business in the state of colorado'
doing business in colorado,
'*d
acceptable to the.Bocc. The LOC shalt be valid for a
minimum of six (6) months'beyond the completion date for the Subdivision Improvements set
forth herein and, as to the Revegetation LOC, a minimum of two (2) yearsfollowing recording of
ttre Finat plat. If ttre time for Jompletion olsubdivision lmprovements,-including revegetalio-n,
is extended by a written amendment to this Agteement, thJ time period for the validity of the
LOC shall be similarly extended by the owner. For each six (6) month extension' the face
amount of the Loc and if applicable, the Revegetation Loc, at the sole option of the Bocc'
shall be subject to recertifi.ution of cost of comf,letion by owner's Engineer and review by the
noic for a'possible increase in their face amounts in order to assure sufficiency of the amount
of security to attow possiule completion of the Subdivision Improvements and revegetation by
the BoCC under terms of this Agreement. Additionally, should either the Loc or Revegetation
LoC become void or unenforc"ubl" fo, any reason, including bankruptcy of the Owner or the
financial institution issuing or confirming the LOC or Revegetation LQ!' prior to the BOCC's
approval of ownerls Engln.rr'. certification of completion of the subdivision Improvements,
this Agreement shall becime void and of no force ani effect and the Final Plat shall be vacated
pursuant to the terms of this Agreement'
d. partial Releases of Security. Owner shall request gartill rglease(s) of the LOC by
means of submission to the Building ui-a-pturrrir,g Department of a "written Request for falial
Release of LOC,,, in the form attached to and incorporated herein as Exhibit D, accompanied by
the owner,s Engineer,s certificate of Partial compietion of Subdivision Improvements, stamped
by owner,s Engineer. The owner's Engineir's seal shall certify that the Subdivision
iip.r.*rnts ha:ve been constructed in accordance with the requirements of this Agreement'
including all Final plat Documents, the TnningApprovals and rhe preliminary Plan Approval-
Owner may also request release for a portion of-the-sicurity uponptg"{ +tll) Owner has a valid
contract with a public utility company regulated by the colorado public Utilities commission
Subdivision Improvements Agreement Page 4 of 12
Pluse II, Filing 1,2, and 3
I ro nb rid g e S ub div is io n
i,W.nU'riag" & Rose Ranch\Phase II Final Plat\SIA Form 12.052 6.6.06.doc
v.
vi.
obligating such company ,1.iT11 certain ut,ity rines; and 2) orlner has paid to the utility
company the cost Jf installation as ,rq"ir.a 6V t'.;il;' Th; ,OC^C shall authorize
successive rereases of portions "1j:^;J;.*".J,
,f ,n""iiic as portions of the Subdivision
Improvements, other ti* ,"r.g",u,iorr]-i"qrrirra.n"r"*0""r"i. "":nin:{as
complete to the
ndCC by the O*"iJgrgirrl"r-*a ,,# ."int"'ion is approved by the BOCC'
e ffi.il*]silr3ff"&'iffi8#f;,1tilil:H'S;$"*:Owner's Written R
of partiat co*pr"tiil*#-suuaiuiriol ;iffi;t;;,, lgb"d*"v tt'rt*
'fr"
certification and
may inspect *o l"rw ,rr" souqiuiri"t l*p*"-'*-t"nified as cglPlete to determine
whether or not ruiJ-iouaivision *r:ili"*rli;';;;; ;r""^ J"it*t"a in compliance with
t f"r*, sPecifications' as follows:
i.Ifnoletterofpotentialdeficiencyisfurnishedtoownerb.vtrreBoccwithin
fifteen(15)daysor.uu*iJ,iJioib*,",,Jfi;.;;n"0,";1r;rPartialReleaseof
LOC accompanied u,'ij*"Ji;' r"si19"1l''6"*iii"ui" of Partial Completion of
Subdivision t*p.**")iffi i sou.ai,i,i* Improvements -certifi
ed as complete
shall be deemed "ornpr'li"iv
*'" soc"' #uii'5soad;i'al authorize release of
tl'";Pt"Priate amount of securitY'
ii.IftlreBoCcchoosestoinspect.anddeterminesthat.allsraportionofthe
subdivision t p.orr*rntr ..riin"o * :"d#;; ;' in substantial compliance
with the retevant ,pjffi;;;,-,Ii 'od;;#il'**;n
a letter of potential
deficiency to the o*rrrl-*i,r,r; -qt:liiSi'a'Vt "isubmission
of owner's
wriuen Request r.r r#rir RJ;;;" or loi^"J"o#i*i"a bv owner's Engineer's
CertificateofCompletinors.,uai,isionlmprovements.
iii.Ifaletterofpotentialdeficiencyisissuedidentifyingaportionofthecertified
subdivision rrrp-r"*"rt. u, ,"r.",'#r;;;fi.d; ih* all Subdivision
Improvement,notio"niii.o.,pi."",i",fiv,a"il^'*-st,uttuedeemedcomplete
*a trr" Bocc ,n"ri-"*,t "rize
release :t"ht ;ffi oi tttotity related to the
certified Subdivisio*I*p;;;;;;" 'r.".,J*,iJ*.in'o
as potentially deficient.
iv.WithrespecttoSubdivisionlmprov^ementsidentifiedaspolentiallydeficientina
letter of potential u.ii"i?,"v, .r,! uocc,ii"ii-i",' .r,r"v q:Lf;;}}ilr; fir'
of the teuer to "o.pr"i"-t"
initiat investigatiotb:gu" Yil
above,andprovid"*iirJn-.o*fi''utiooJitr'"o"rrci"ncy(ies)totheowner'
v. I";}iJ:T,#tf: ffi!ff J}''!i:..',ii' T3;T:n1H,ff":"Hf*', }
security shall be "o;;;;Jlor rrt"ur";;d;,* trol auit uno completion of
such investigation'
If the BocC finds, within 9t th*]'.!3-91
Bocqqor.ePti?:?f:j:J*e"HT?:;?li\j,#:,ilil"s',il*"r",Lp'9,",'ryT
ouv p,ioo "r
@11,? fltil2
f.
day period *.,t31*fined in suunarala3;; Hi';6AA Jd;;r, trrat the owner will not or
*J ri., complete or otherwise deficient' or lI tne otrvr' *w!vr'']---
Page5o!12
S ubdiv ision I mprovemcnts A greement
-i'tutn n, Fiting 1,2' and 3
,;ffirf#'lilliy{*"ntrn"*rrFinarprar\SIAForm12'0526'6'06'doc
cannot construct any or all of the Subdivision Improvements, wlether ol not owner has
submiued a wriuen /eo*r, for release'Iii'oi' i"-;trc#ffi'1il;u* *a emplov from the
Locsuchtundsu,."lvu"necess-arv;'#;;;-ry::tli*'m;'#:ilf S.a:""i:qil
*5hy#jtb'J#jHf"T'#,'.ffiT*i:.:r*,1"'a;;;;"r;ffi .tocomprvwiththis
Aereemenr prior to requesting ,ur*..ri il;A;;oc I'"rit' "ior in addition to drawing on
tnE loc, the Boccmay uryq g gki", il;;,ir. r"]ffi;il;* I"'P" owner's failure
to adhere to the pr*iri"* of irris ogJrrr"ri rr,"-soca'T*i,;".? rh:- g*"o a reasonable
time to ..ue any ,ffiiffi i.n"i.""v6 ,rtJio ,"qu"*,i.gi.fir* from the Loc or filing a
civil action'
O*o:r:r* ,
m:*:,tmnm-ml" jiuS'H-a;;'"q'i"'"'tl;r'hi'Agreemef
prat Document., *,, z-onngeryry1i, *i',i"=4,#il;r;; einr"1"rr, in hard copv and a
iie,,"rr",*.1.*Tf#1**:?::,i,?,T,;fligf il'HJfii;n',}',i:l"f,%g*q
other intere't* *t'i"t'. -o:T:-::,i:f.;:.:J:il1;; i", i"iii-it'a t? d':1'Y-t:Tt:,I;i-T,
Association o, *v ,-o*rorv .q":r.ul ji:ffi;r;;t rd*1i*'""'ir',[J-r ri" nou'i,g Fork watet
and Sanitatiorr oi'*t i"t!;'oistrict') J;'h;;';'ity uv trt"itt^t "itr'il Agrtement' the Final Pla
il";;;s,rhei"?y#f "n";#*fS#tXi1t**#;U*X#[:l]:fr-r":
for Final Releast
with owner,s Engineer,s certificate "ini""i-i"*prrtioooi
s"udivision Improvements'
i.TheBOCCshallauthorizeal-t+'*l:^eofthef'!C$erthesubdivision
Improvement, *, ,,i,fi;"; ii,,u1., #;o^d;y .h" o1,''"''* Engineer and
,uionnacertification.i.upp,o,"lY}";;;;.-,If.h"BoCCfindsthatthe
subdivision tmprouementr'ur" "g*p;;,"
* *:".d*"" with the relevant
specifications,therCi66*'Af;"'ft"f^"at;;t;ithefinalamountofsectuity
*itr'io ten (10) a"'Jrii"*G "'u*i'J#;ilq"ner's
written Request for
Finat Release of "od'."'"'in*i"o
ui'i'J-otf'"t documents required by this
ParagraPh 3(g)'
ii ["S3'l]:ffi#ifi-fiit]'.t,?il1$: U]'fi]"['3i?l#tH']i5T
Subdivision lrnproul'.lLi ,r,"--sbcc ;;;fi; *d review the Improvements
certified u* .o*ptJ"]iiir" goqc..a""1 so^ review and inspect' the process
contained in p*ugup'i ji"iuuo'" shall be followed'
iii.IftheBoCCfindsthatthesubdivisionlmpro-velentsarecomplete,in
accordance witf, tn'JreflJ*rrp""r1y",'t""^ in" ;'OCC strali authorize release of
the final arnounr ;i ;;ffit.*,t*.'H?;0; ;.v.-ufto 'o'pletion
of 'such
investigation. o l*"''y"thg BocE^;;;'"ifpPtt'"tui'it'g Subdivision
Improvement, in u""orJ*., with procls-s "oiiinta
inParagraph 3(fl above'
S ubdiv isian I mprov ements Agreement-fi*t II, FilW 1'2' N'di
,J,ffi#rf#3illrrlr{**"nase rr Finar prat\SrA Form 12.052 6.6.06.doc
Page 6 ol 12
h. Substitution of trtter of Credit. The BoC.C, at its sole opinion, may permit the
Owner to substitute collateral oth". thuii-l"tt"r1s) of credit, in a form acceptable to the BOCC'
for the purpose of securing the completi"" "r thi subdivision Improvements and/or revegetation
requirements.
i. Recording of Final plat. The Final Plat of the Subdivision shall not be recorded
until the security described in this paragraph 3 has been received and approved by the BOCC'
4,WATERSIJPPLYANDwAsTEwATERCoLLECTIoN.Priortoissuance
of any certificates of o""up*.y by_ttl: BOCC for any residences or other habitable structures
located and constnrcted *itrrin trrr Subdivision, the owner thereof shall install and connect the
same, in accordance with the approv"J pru"r',*a specifications, to the facilities owned and
maintained by the District providing potull" water, fre protection flows and wastewater/sewer
collection. All easements and ,igrr"-"i-*"v necessary ior installation, operation, service and
maintenance of such water supply and distribution system and wastewater collection system shall
be as shown on the Final plat, exceptin!-those servite lines extending from the L,ot line(s) to the
individual ,*"*rr.-con "y*.e of iid system(s), to-the District from the owner, including
all real and personal property interests, shallie in accordance with Paragraph 7' below' Owner'
warranties instant to said conveyances are set forth within Pre-Inclusion Agreements entered into
by Owner and the District datei September 13, Lggg and December l'0, 29112, respectivelY' and
heretofore incorporated within the Zoning Approvals and Preliminary Plan Approval'
5. PUBLIC ROADS. All roads within the Subdivision shall be dedicated to the
pubric as public rights-of-way. -noaa-rightr-or-*ay
sharl be dedicated by the owner and
accepted by the BOZC, on beiratf of the p",rbli", on the. face of the Final Plat' The konbridge
property owners Association [nc. *i itr^ sub-associations shan be- solely responsible for the
maintenanc", ,rpui.-*J upkeep of tuiJ rights-of-w-ay, including the traveled surface of the
roadways and portions or trr" rights-of-way Jutside_9f q" traveled surface. The Bocc shall not
U" oUtiiutrd to maintain any.oud tightt-of-way within the Subdivision'
6.CoNVEYAI\CEoFCoMMoNAREA,RoAD-RIGIITS.oF-WAY'
*ATER sLlpp,,y sysrEM AI\D wNrgwATER coLLECTIoN sysrEM. In addition
to all dedications contained within the Final plat, the common area and all utility easements
ffiffi#'.",i' ;;"; suppry .svstem yg *:"'y111 ":lP"li11Y'::T ::::T:l *:#"S:
3";loir.,tJt";1;u b. ."nn#d by quitclaim deed ("common Area and Easement Deed(s)").
r rL - /rt ^-l- ^-liffiffi; ,irrr.'c"--*Ji-erlu'*d Easement Deed(s) in the records of the clerk and
f -r- - n:- ^l ltl ^.
Recorder for GarfielJ county, colorado shall occur coincident with the filing of the Final Plat
and this Agreement. All facilities and equipment contained within the water supply system and
.----.,^-+ r^ Lill ^fffi#;il;ili1i|n system shalt be transfened by owner to the District pursuant to bill of
sale.
If the Common Area and Easement Deed(s) cannot be recorded with the Clerk and
Recorder at the same time the Final plat and this Agreement are filed, Owner shall execute and
ffii"i-;# a;;;, Area and Easement Deed(s) into escrow with Land ritle Guarantee
r - l!r!-.^- ^I:"#fu;,"d#;iJ-spir"I.,-irryoo.T.:.**1s"1:,pY:'T::g::T:*L:?**fi
""i#:|ffi#,"-,i,o"rJ .gr""#nt for Land ritle, uuu"li.d hereto and made a part hereof as Exhibit
Subdivision Improvements Agreement
Pluse II, FilW 1,2, and 3
Ironbidge Subdivision
n,rru.nftog" & Rose Ranch\phase II Final plar\slA Form 12.052 6.6.06.doc
PageT ol12
F (..Escrow Agreement,,). ownel sha[ deriver to the pocc a copy glth: fully executed Escrow
^d;ffi ,;,s,x;::Tily#ilift [:::'.rJ']ifl:i:1ru:*"Lmr;]:"oJ:''*u*'
record such instrum
1) Escrow Aggnt shall hold tl'" C:Tl* Area and Easernent
Deed(s) until the "T]'i oit
-ui""eipt oi u Guto notice 'tig"a
o"rv Lv owner "otirviig""cr;; 't*
trtui trt" work required of
theownerinthiseryF,",,hasbeen.omotet'dandapprovedas_ffi;:IHi*','lilt.hr}Hi*if{fifriffi
onl:
tefi
for the Subdivision r*p.orrrtrJnt", specified in paragraph 2' above'
orasextendedinaccoliii."*i.r'p*ug'upt'lsofthisAgreement;
and
2) upon ttre frst to occur of the foregging events' the escrow agent
shari cause the c"r#on ;*_*l^Eur".."t Deed(s) to be
recordedinthe,,.o.oJoia;a,fiJdcounivClerkandRecorder.
T.INDEMNITI..Tt,,ownershallindemnifyandholltheBoCCharmless.and
defend fte noccrrom a* craims *ii"tr ,o.v arise as "';:'Jrffi tii" -o*""1's installation of the
Subdivision mf,ror"-"rrtl .*d ^*; othei uo""**"ol'"ouiGutii" "i owner related to
deveropmentorli'"d'udivision".1lifr ffi"'dtfttffi l;#T:;,;-4"'#UiliJii'
shall not be required to indemnifl
imposed uv tr."
tioEc-u," i*p-pa, H #;'-; it #' fr *'
. ifu :if"ff';$, ifrft
#lffi:fffr fu tr:ttttr*"*Bs.Jt1:::.*,:":::#ff t'.iHr;;no,i*orinen,,o
sue, and *" uJSi ;;rl ;i"ro ,r,""6.i"", ,ir" "p,i",
of defending.$y such claim or actl.n'
Failure to "otirl-iiprovide ""h;i*n option ''it'";;;; 'fru[
l*tinguish the Bocc's
rightsunder,*J#;*Iiil::$ln:n"t'".*rt*;l*imfffl#':il*l*sn$nver;ffi; sovereign ImmunitY granteo
8'ROADIMP+9T^rEE'g*io:-:i:ditfortheoff-siteroadimprovementsto
County Road i;;;ified.by.Owner's Enginee'-ii'i" g*f ibit G' attached hereto and made a
oarthereor'*-*Jtrreann|-i1"dil;-ffi*tryJ'l-;J1t;;undertheworksheetalso
incorporatea r^liiiir -"ii eifiiui cl.it"tarttiv' no nouJlmpactFee is owed'
g.rEEsINLIEUoFDEDICATI9IoFSCHooLI,Ai.ID.ownershallmakea
cash payment rr-r,* "r u"u"*r*"ffi r",rr"ne-ii.n*r District, calcurated in accordance
with the c*daJ-county *uoiiirtr ,lgu-1",i-or. il',h" r"qoirements of state law' In
accordance *irr',r," "uor!
,rgr#il;';f;.qoirr**ai ;;; frr=ir tieu ot dedication shall be
comPuted as follows:
UnimProved Per acre
aPPraisal subrnitted to
S ubdivis ion I mp rov ements Agre ement'iii, n, riliig t' 2' and 3
marlcct value of land'
the BOCC bY Owner as
based uPon
required in
oll
the
'J.i#ffi'f#'/illll'f,*'n"n"* Ir Finar Prat\SIA Form 12'052 6'6'06'doc
Page 8 of 12
Garfield Counry
$
subdivision regulations:
: and
I-and ded.ication standard' Orovlde! in the Garfield County
subd,ivision rrsutoiii;;' iis ii"str-fo"ritv dweilins units x'020
"iiit
rq"ots 3'40 acres; and
Totul amount of cash in lieu payment: x 84'77 =
$1
The owner, therefore, shall pay to the Garfield county Treasurer, at or prior to the time of
dedication of land;.til" G-l school ilirt i.t' suidi'" 't'ilt u' u*tf"T"d-ui tr'" Bocc to the
schoor disuict in accorfgc, *i*-I:iiriil#;fi30:;-i,' c'n's" as amended' and the
A#iltountY subdivision regulations'
The owner agrees that it is obligated to pay the above-stated fee, accepts. such obligation' and
waives any claim rhat owner i. not.r"ii#i p q"v rhr r#;*ii., "ii'."a dedication fee' The
owner agrees,rru, iitn'"i**ir", ctaim, nor is o*o"""titd;;"i"im' subsequent to recording
of the Final prat or tr,, Subdivisior, "
i:#;;"r"-rn"iior rrr" r." * rieu of land dedication to the
RE-l School District'
l0.SALEoFLoTs..Nolots,tracts,gr.pTcelswithintrrls.utoivisionmaybe
seoaratety "or,r"yJprior
to recoroinj ;;A" il; pr* i" tL i""*at of the Garfield county
Ltffiffin""o"itt'
II.BIIILDINGPERMITSAI\DCERTIFI.CATESoFoCCUPAI\CY.Asone
remedy for breach ;f ,hi. Agreepent, ilt5cc *.v *trfr"rlirroL* of building permits for
anv residence or otrro tuuituur" ,t o"Ii*"-requiring ".p"t*it'
t l"l:l]*o"d within the
subdivision. Further, no bu,din, n"rollrirnair" iri,r"d'untess'the owner.demonstrates to the
satisfaction or tr,"'iril;;;, R;r.h ;;; il" pr"tection H;,ri" ?'ri'" pi*oi"r) that there is
adequate water urifuur" to the "#;;;;r site 19' tt" ii*'District's purposes and all
:'"t".;::hlTH:,'ffi liilln:ix*$$L#l'i:l*J#'::i"r;"#11"'3fl11'::l#
the Subdivi.ion unriiuri srbdiuirion i*prJur*"rtr-hur";;;;;pr"tg9 'Jo
*" operational as
required by this Agr""rn"r,,,..Ir:p:l; '#;ffi;;'
-o#";;i'pi"'ig" the ot,chaser of a lot'
orior to .or,r"y*J" of the rot, a :rrfi "":r, * . t:T" it t$"i"tiatly the same form as that
auached to and incorporated herein u'|;r;;IJ; ;1E-hrbi rt, "on."*ing
the restrictions upon
issuance of building permits and certidcates of occupancy detailed in this Agreement'
12.ENtr'ORCEMENT'-Inadditiontoanyrigtrts:ry}^:*beprovidedby
colorado starute, ,ir, *i*molding of uiira*Jp"yrt. 1i .riifi.ut" of occupancy provided for
in paragraph ,, "u"r",
*a,t" iridil"f.,rr'release "{:;;*i;:E{ita.
in o*ugtupt' 3 above'
it is mutuarty agreeo by &e roc",*i-ii" o*".r,r,q,rr"iocb, without making an election of
remedies, or any purchaser of any f"i*irfr* rt" i'UOi"#J;ihave the authority "r:#'";,
Subdivision I mp rov ements Agreement
-i-tnse tt, FitW 1'2' and3
Ironbridge subdivisian
h\Phase lI Final Plat\SIA Form 12'052 6',6'06'doc
E:\I\Ironbridge & Ros
action in the Garfield county District court to compel enforcement of this Agreement' Nothing
in this Agreement,-ho*"n"i shail be 1i[rpi*a to require the Bocc to bring an action for
enforcement or to withhold permits or.rrtin.u,es or to *ithdru* and use security. Nor shall this
paragraph or any orh;;"ris!o19f this Agreement be interpreted to permit the purchaser of a lot
io nG an action against the BOCC'
13. CONSENT TO VACATE PLAT. In the event the owner fails to comply with
the terms of this egtl*t t, tfr"
'OCC
shall have the ability to vacate the Final Plat as it
pertains to any tots-for which buildin! permi-1s have not been issued' As to lots for which
building permits t are b..n issued, tfr" fg:1.frdl not be vacated and shall remain valid' In such
event, the owner sharl provide the BdCC a survey, regal descriptign a1d a plat showing the
location of any poJi* or trr" Final pl; *o *.ut"o ana stratt record the ptat in the office of the
Garfield county clerk and Recordrr. lr such plat is not recorded by the owner' the Bocc may
vacate the prat, or portions thereof, by Resolution. It is specifically agreed ttrat this paragraph 14
applies to the SuUdivision * u *ottiphased nloject and' thereforl' in the event the BOCC
vacates the Final ptut u, to the suuaiii.io", suui"ect of this Agreement, the BOCC may also
withhold approval of a final plat for a ii*t pt "tt-if SuUdinision Improvements covered by this
Agreementare not completely instalted and operable'
14. NOTICE BY RECORDATION. This Agreement shall be recorded in the
office of the Garfield county clerk *d R..o.aer and sharibe a covenant nrnning with title to
ail lots, tracts, *J;*;;i. *itrri" ttre suuaivision. Such recording shall constitute notice to
prospective purchas&s or other interestea parties as to the teflns and provisions thereof'
15. succEssoRs AND ASSIGNS. The obligations *g tighlt contained herein
shalt be binding op-oo *o irr*, to the benefit of the ,u"...roir and assigns of the owner and the
BOCC.
|6.IDENTIFICATIoNoFC0NTRACTADIVIINISTRAToRSAI\DNoTICE
rROVISIONS. All notices ,"quir"i-*;*ril.J bv this Agreement tl"tl
9-t -r..=:Ti-Tl
shall be deemed effective when rlceived uy trre recipient party yia personal or messenger serylce
delivery, facsimile transmission o, unii.d stut". .irtiR.a rnuit 1p-o.tuge prepaid, retum receipt
requested), in alt cases addressed to *r. p"rron for whom it is intended at the address or facsimile
number set forth below:
Owner:LB Rose Ranch LLC
c/o Dirk Gosda
4l0Ironbridge Drive
Glenwood SPrings, CO 81601
(e70) 928-886s
w/copy to rePresentative:
Timothy A. Thulson
Balcomb & Green P.C.
Subdivision lmprovements Agreement
Ptnse II, Filing 1,2, arrd 3
I ronb rid g e S ub d iv is io n-ri,rnu.nu?ag,
& Rose Ranch\phase II Final plar\slA Form 12.052 6.6.06.doc
Page lO of 12
BOCC:
818 Colorado Avenue
Glenwood SPrings, CO 81601
(970) 94s-8902
Board of CountY Commissioners
of Garfield CountY, Colorado
c/o Mark Bean, Planning Director
108 Eighth Street, Room 201
Glenwood SPrings, CO 81601
Phone: (970) 945-82t2
Fax: (970) 384-3470
The Representatives of the Owner and the BOCC'
r"p*...i,"ives of the parties for purposes of contact
Agreement.
t7. AMENDMENT. This Agreement may b9 modified from time to time' but only
in writing signed by the parties hereto, ut",fr"it interes-ts then appear' The parties' however' may
change the identification of notice ,r"ipi*t. and coniracf
-administrators and the cootact
information, provided in paragraph 16;ove, in accordance with the notice provisions and
without formal amendment of this Agreement'
lS.COUNTERPARTS.ThisAgreemgnt{aYbeexecutedincotrnterparts,eachof
which shall be deemed an original, ana ail,o"f which, when taken together, shatl be deemed one
and the same instnrment.
19.VENI]EAI{DJURISDICTIoN.VenueandjurisdicJiol{olanycausearising
out of or related to this Agreement st att tie with the District court of Garfield county, colorado,
and this Agreemenlrt Af 6. construed according to the laws of the State of Colorado'
IN WITNESS WHBRBOF, the parties have signed this Agreement to be effective upon
the date of Final Plat Approval for the Subdivision'
identified above, are the authorized
administration and notice under this
Subdivision lmprovements Agreement
Ptwse II, Filing 1,2' and 3
Ironbidge Subdivision
E:\I\Ironbridge & Rose Ranch\Phase II Final Plat\SIA Form 12'052 6'6'06'doc
Page ll of12
BOARD OT COI.]NTY COMMISSIONBRS
GART"IELD COI.JNTY, COLORADO
ATTEST:
By:
ChairmanClerk to the Board
Date:
OWI{ER
LB ROSE RANCH t l,C,a Delaware limited
liability company, by PAMI l-LC, a Delaware
Hmited [ability company' its managing member
By:
Authorized Signatory
STATEOF )
)ss
COUNTY OF.
Subscribed and sworn to before me this
-
day of
an authorized signatory for
Notary Public
2006, by
PAMI LLC, A
l-LC, a Delawareffiability company, managing member of LB Rose Ranch
limited liability company' Owner of the Subdivision'
WITNESS mY hand and official seal'
Subdivision Imp rovements Agreement
Pluse II, Filing 1,2, and 3
I ronb rid g e S ubdivis ion-imr*nuiag,
& Rose Ranch\phase II Finat plat\SIA Form 12.052 6.6.06.doc
Page 12 of 12
Subdivision Improvement Drawings
Prepared uy Hlgtr e;;"tt"gineering' Inc' Dated 4/nla6
iaee Over Excavatio:r
Ptan C Profile Sheets
ffinan and Profile
dGt BdAWaY Plan and Profile
Drive Ptan and Profile
nirffi[ t ar,e Pta4eg11! [*ofilu
Rtver Bmlane Pl* eo4 Pt9!19
Overall UtilitY Plan
S"w"r PtA & Pro{ile Sheglg
Sewer Ptan and Profile
gent Grass Drive Sani SewE Ptan and Profile
Sewer Ptan and Profilg
ironbffiRivA Bel4 Wav.Sa Sewer Plan and ryofit"
Riveinend WaY 54 Sewer Plan and Profile
River Bend WaY 59
-Sew"r
Ptan and ltofile
Plat and ltofile
Sewir Plan and ltofile
Exhibit Alronbridge Subdivision Improvement Drawingp
Pagp 1
Fox Run Court Sani Se*er Plan and ProfilePPS59
PPSS1O South ViIIas Sewgr rlan arn(J rrutltE
ffier Plan an-4kgfile Sheets
River Bend WaY/Red gt'ff Vi'* Sto@
PFSDO
PPSDl
PPSD2
PTTSD3 Fox Run Court Storm bewer rrln itnu rrurus
= =,: =
--- - : ;l; :: :::f IIIZiI
PPSDT Ironbridge River Een9 !,v,av ltonn ieYer *** llli iiv^#: I
PPSDs
PPSDS Ironbridge Recrqatiolnal- Uentei q!-ronq L'r o:9irr{r-:Z:"=' ' '*' "'* ' '"'--
,
PPSDT konbridge River,Vista lto:1niirye.r rmn arc rro?i
,nan and Profle I
ons -
f lronUlidii Pond pr &D? &oss S-ecfons
I Ironbridge Water Details , ..
f lronbridge Sewer Det?ils - --
I tronbridge Mis.celtaneous Detaqs '-
I tronUridge N{isselaneous Dg]ails.- , -',
I Jronbridge Outlet Structure PetalP
I I*nbriail-Outlet S tructure Details
Detailsinine Wall Lensth and
PPSDS
PPSD9
PPSD1O
DETl
DETa
DET3
DET4
DETs
DET6
DETT
DET8
DET9 Ironbrid wall anq Lrgt(l[D
DEf-LS#z Ironbridse P.U.D. Sanitary Dewer LIrr Drarlon 'rz
Ironbridge Subdivision Improvement Drawings
tETiI Iit{.lr'JEt $i:rrlif
-
xcEiol] NO: 2051019.00.-.-..,.--,...;;---'.
k'\onrodala\file'20$,10 I 9\costest'xls_tj;,iii_3c,5i_i*_"__. ds_ *I
...._. l._,
lraav t t. zooe.-.--4.*--:--'..--'--'-'-
ITEM
i.--..,...-,,..'....'.----.F*NIIANTITY I uliit"
sz.ooi $102,962.0051,48r c.Y.
75,995
)A 5\
_cJ,
Acrc
$2.00*ii;tiiiiilt "-l!:"}f*,s
$73,587.0C
[*9...1n$llv-ql9s]vl-c.1..--.:-.-.than 3:1 l(lnmc S.Y.$2.1s .,....,.XJ-8:JI
$112,885.50ls-r.9.-q3I-s-.:9.-Y.:l*a'.-Y.-:i:::.::-:j:i;::;':'"--':.-f';;;-'"10,751
i.-..,,------o.-..."-"-i 2.67
s,Y.slo.5u
c.Y.$38.00 $101.346.0C
2 Each $1,500.00 $3,Uq!l:ut
s.F.$1r.0oi _$-1_?9,19..9p
[gy.:Pl*Sgglll[s-.Y.3.1'-..--.f i 7;i ivtountaurg -c-9$- $- 9$.tg-10.857 L.F s17.00 $184569.m
5 Each $250.00 $1,250.0(
9!urt.-9t-o:,*9S-E-fi!t99!f.l9klJ.s:er-r'Irn/-
Asphalt Pedesqlqfgl "HX
330
s.F.$1.25 $9,640.m
L.F.s8.00 $2'6!Q-'S
SUBTOTAL $87qlrt2!
ffii.oc---
s34.00 $65,620.fl1,930 L.F.
I Each sl(no.00 $YrtI{:!I
s68,400.ml-:-Y-1*-J1::.:i0' D.I.P., Ctass 5,2w-ater garn l.QH.
3
L.F $3U.(,('
Each $1,200.00 $3,6@.U
$381!.Q:$411Each$J,:14,1-.-t11
63 Each $dn.00 $37,8m.0(
l"waterservtcew.smgr.e-IY-r:,igl.-*L_-,--_-.I Each $1,200.00 $1,200.m
3 Each $200.m .....$9P,9!
$2,000-s,,Each $1,(x)o.u)
SUBTOTAL izze,l2l.u
lur $33.00 $128,205.0(
..,Each $25.00 $550.00
+
-Yll-:.lY.l-a-lll'-'-'-:
iit}l"-iii3l"0.,t-"i;'-3ysn-9ef p-.*)
:"ffi-p..I',.s-rgl*"..lki*fir.1m-
1';:J;i Each $3m,000.u)- --....-I-fl#.:Y1*!*
L.F $10.00 s21,250.fl
Each s200.00 $l,4uJ.ut
1;i Each $1,200.00 sI,200.00
Each $700.m $33,600-.00
SUBTOTAL ${uoy'ts.rr
1 ol2
ffiffirffi,iffiIffi -'--ETOB No: 205 1o le.oo
:#l*s*i]tsJi-...-,"**.-**-*-T-
__._-------....----.F.
OUANTITY i UI{IT
---- I355lTEl - -- I3.s'sei
"""""""'"""""','"'*l-- i;;'h-i'"- -
Wq.ml
$39,150.U0
--."---...-$lJJLe$13,200.00:_:""$m
$1e000.m
4;storm Manhole
/'^rhn InletS
6
6
Each $2roo.oo
Each $3,000.00
3
ii15
Each
IFiiilil''iiiiiiitv lnlet at Ponds s10.00 $9ffl..9
Z:i-iJ"a"h 40 Underdrain IE s20.00 $40.tr
$1/l4.mc.Y.
se_!i3as
Lq.,9P
10.000
L.F.$5.00 $50,0u).tru
$10,000.00L.F.s1.00
$Urrorer,
'SUBTOTAL
- -nunr u SE!E* EIE
i--**'cnnrinoencv 5%s71213.64
E:*qpggl
335,606.83"-::ff:::S-3."}:li4ffii,#
lsiiiitiifq,$1.555Jo0.st
*.-l-,-.-
es:r,:rlrrr.9?l{l:,q-$Sii?4*;$,!.1..#&Sf, ffi tffiffiS$ii3ffi *,o
E ;;;;& Inc. cannot bc hcil;;;'il fi' *'t'* o"Tii'Lilffi Iffi ffiffiIffi[iiJl''
2ol2
ffi'JoB No:2051019
y 11,2006
$17,490.25
fii nountart c"t.!-*..9:If.:
il.il:, eitss 52 wP911gg3
il:ir- ctGi s2 y-?.ls:.$ii
ili:ifei;,s" 5, warer ElgI
iii water Service W !.tstslLil-.*"
ttCf IOS NO:2051019
Dia. Manhole
ffi qii.ie..Eri:titt.-s-.e.v.-e.r.Y3lt'sL"---------..-
ie; ADs Flared End Secli-o-11"
).ll*-lglels--,'$-treoute
40 Und erdrain
3{hAui 4o Underdrain
Lshauow Utilitv Trench
iffilri,i-sif-+.illile.nisii*irry-q**.s,s)G*ll.'?:J
These bids aad not includc
2ot2
fr-osNo:2051019
fi og-*!irAt$4.'r";"ie.i..,*$5iir:.:.-':s-*s-*-":-31
afi;;'fefr iiiii$[iisti'!L's3,P.1s:-9e.r9,*
if-*s",rI,P*P-9::P-*..9-r1ts:.--:*.:-r;-ui:iii-""""''
tsffi"st 52 walPryn3ln
ts]ffiG 52 watorlmam
10" Garc Valve
IICE JOB NO: 2051019
ffiter rieht ADS'NIZ
"tif;ilhffi [itiiir*r1*i**6riiriiix*r$l$,.1.:,ffi "ffi ffi $l[ii;iiii-qslie$".($1s.1'-.e-:$Jl*],:3*
Reference #:
Amount:
Date of Issue:
Expiration Date:
BENEFICIARY:
ACCOLINT PARTY/APPlicant:
IRREVOCABLE STAI\IBY LETTER Otr. CERDIT
Board of County Commissioners of Garfield county C'Beneficiary" or
*BOCC')
rog g. 86 Sreet, Suite 213
Gf.o-""od SPrings, CO 81601
wwff xlt;wiru:#,"f i:T:;r#":{i',,f '#H*rr:.ffi
lrr.ro"Jtu St"ndby Letterof creditNo' " ' ' ' ur s' -.r'v- Dollars andHundred :: : rtt ttt ---^ ^a^-,rThousandr ,., ,:' r r rltul.,ntu e of and
*ffi f,li'#ffi;;ff't-r;"r"i';ild"td*d
- f'subdivisiol
Bank,
ffil"
Tri;itttttE ;CIt transferable'
Partial Releases
Partialdrawsare[arenot]permitted.rrrenp!!may[mayngtl.authorizeperiodic
reductions in the f*";;; ;tq; rcirrir ii"ai {f aaiiequires Reduaion certiJicues:
and, if .o uothoc'i] il;*d a"t u'io*t of the i-ette; or Ci"ait shall be cvidenced by a
separate Reduction Certificate, upprorirli;";A bv tft" 6occ or the BOCC's authorized
representatlvel'
Condttionsfor Pryment n Benefic-iary ' t bv the following documents:
liffi*i*,;:l#ffTi:ffir;;r"ffiHg;Jil"** "f ,r," socc o, tr,u
il;e;;;thori;ed designee stating: , developer of
that certain
SuUairirion impto'im"nts Agreement between
^-aarrJ- ;;a;amao,ion Nunber
and the BOCC, datedand the BOCC' dateo : ;:i- of the Real Estate
-itte*k^=-;;5'llllff r*--.,,'ru;A;.--ryE
ntY Cte* and Recorder'R"c"-d;f6offrce of the carfield Cou
rheoriginalLetterof credit'":dT*j,1:lt-:::5"i$,.il1*;:3;;HH;f#lT#lltlff ffiffi .i"i"i'"rGarrierd:",xx,,"',1ffi ;]
the amount of $.ln' allruurtr "' -@resentative'
the Chairman or the
Exhibit CPage I of2
manually signed bY
Cancellafion
ThisLetterofCreditandarnendments,ifany,Tust}returnedtousforcancellationby
ApplicantlAccount r.rry dft " ,t1,"1""i''i!*a .ii' tftt B;"til"y ttutittgt ' '"This Lettcr of
credit is no ronger rcquired by the BdL6;; iJ n*"uy'r.'or*"i to Ue issuing bank for
By-
Name
Title
cancellation-"
Issaer's undutohing
we hereby asrec to honor ""l qf^-*:i^T*:.il*"?Hlffi;f: * *':
*r r"#r""?trl#sfrrlilx]1fr,ii.il* the documents above specined, to
ono'btf6ffi6ffii3.ffi 3ffi:and Practiccs
r:E:ffiHf[5tr"]'''x'ii".;H;ffi;'ffi :ffi;tT'ica'lion3*ffifffi fiSlkffi"-'tri]ifi#" ffi:"i-' s+' r - r o r e t s eq " as amended'
Bank
rHrs rs A FoRM DoucMENr, q*51Y:I ?Hrxf$'fffi:t"til1BfirffiTffi S tJ?Hi'$Y"ffi & Hlfr ii {l%3f,*Hf,ffi :, iff :#: P#
I".ffiJ,3l?'H;'#ilIffi ,F-iYI*:*;*:';';ffi ,'i:ir;'i;r;;W
Expiration Dare, Trauferability' Putiau-Single'Rete6e8' vona"'ur, t PAf,i'IAL nBifeSps OF THE
tsiuer's (rndertakingAlffitb 3ridrrv yqpt*,3$rXlt rHE usE oF nrpucrror'l,;Artr-#,,,"S8,T: ?l'?ilo[Sl"ffiaY,i,il' rne'
- use oF REDucrIoN
CERTIFICATES.
LETTERSoFCREDITAREHELDINTHECUs.ToD{oFTHEGARF-IELDCoUNTY
TREAsuRER. en"oiu$ ourslgNs
^niil"ereD-
Lo'eeniret. oR FULL RELEASq
HowEvER, ro rrii'g;;inilo eNo pr'er'wtNc DEPARTMENT'
Page2 of?
Garfield county Building and Planning DeparUnent
108 80'Street, Suite 201
CtLt **a SPrings, CO 81601
AtEo: h[arkBean
RE: lronbridge Subdivision
Phase II
Gentlemen:
Iamwritingthisrequestforpartialreleaseone(1)forreductionofsubdivision
improvement costlb[gutio; i" trt" "*ot'ot
of b.-- on behalf of lronbridge
SuLdivision. fnu.r"-ffa the attachefr;J;tti^"t" tf i^'*-*"tents for this parfnl
rerease number one (1). Li.r"qb*; il;; find ttre tau-iLtion of the balance of the
letter of credit tor' ilL-ioiai"ision lmprovements Agreement:
Title
cc:
Exhibit D
SIAAmount -_.^, ) $
SIA Balance
certifies that all materials supplied and work performed is in
ffi plans *a.rp".iri""i"* f#thot" items inspected by
during periodic to*i*tfion obiervations'
Allcostsforwhictrthereleaseisbeing,:1,,Tt"*n".,-.,.l"".incurredinconnectionwith
the construction of the Improv"*:"I"t' Nt fr:nas are being tequested for work not
completed, or fot;;il$ not installed or stored on site'
Pleaseconsiderthislettercertificadonby-thehofectEngineer'
;hJ-all rh" folegoing requirements have been met'
This statement of completion shall in no way relieve any other Party from meeting
;A;;;"nts imposedby contract or other means'
SincerelY,
By:
."**Iff%t ffsryll"ff#x
e?#is:ffi ",:;ffi;ilti,"Iy,L"j"'.o"ttBocc')aatcaffi rre
ACKNOWLEDGMENT OF TIIXAL^SATISFACTION
su BDIvIslox nipirbiiirvrsrrs AGREEMENT
31,,Hr""rtr;o}J..31[;fl :,:*fr :'"#'ff*.***l;;effi -,':l'#;"'"-:1
frorn tl,, above identified
ity requtreme"* ";;; i"ir, "'i*"ait
in the amog] ofj
, : : . r ^, - ^r *^Air in the f,mount Of $ '0-
a Colorado of CountY
RecePtion Number in BookfiitrPj]iift'#sffi ,v&'mamaer;and
WI{EREAS,has presente{ I ryTin'l':9-i-:f}l" T*i"I;:rffi#il,JJ:iiffi ffi;Yr:::.:::*:3'lociatea
certifYing that has comptcuis'r., -sve'v'v-wofconstntction of $-
SrE'*-_slot [P.U.D'J, having an actual cc
with
: and
NOW TtfiREfORE, at the reeyes!-o!
and in consideration
NOW TtfiREfORE' at the request o'ffi acknowledges full
of the premises *tT;rior iq:-:1"::--T^lo:*.tlln tl,ia
uutlorzes final '"rti* "i'o'itvt
HS,ffi il;,#;; i.ry ::'jfl,::
ir L'r urvs'!
of $-S=-' Thgcredit in the amount
resuttinginaremairing-balance:l:l:"Iffi H"#;i;ilifi c;Number--lo'
[oCc o]uthorizes the Chairman to slgn r r,-.raian rp rr D-r-;;; of which is attacbed hereto at!ilTililffi ii:il;i,;*pt"1,1ry:f-1f*t'.:ffff;
rizes the '|,Hff;ilfiiJ;ht "iginal
Final Reduction
Bank.
Certificate Number
ATTEST:
BOARD OF COUNTY COMMISSIOI\IE'RS"dAARFIiILD iou NtY, coIpRADo
fom U*tin, Chairman
Ckitto the Board
Date:
Exhibit E
tr
trtrtro
E]tr
tr
By:
ESCROW AGREEMEM
Thcurrdcrsigrrcddcpositwirhl-A}.IDTITlxGUARANIEECOMPANY,aColoqrbcoqontbn"asEscrowl{olda(lbc
.Bcrow lioldcr,r, o. ir* ,"jjffii; s":MdA" ' b" uera iv rtw norocr subjcct to tbc tccnc of this Errow
A,ccmcnt. rhe crcncral provisiois no rtrc rscrow egrcc*r,.r],ffi;itri*t.*til'* in schcdule B (colloairtly' the
'Escaow A$ecrn€nl")'
ffimcastrocposils'lu$beaccomPsniedbytFormw.gRcques'forTaxpryerldcndfrcationNumbcr.
"SCHEtr'UI,8 A"
(DePosits)
Ercrou Number:
C.onmltmnt Numbcn
Chccn
Schedule B.
SELLER (S)
(If rpPlkablc)
IlervcrrCobndo
Drlc:
ET'YEf,/DORNOWEB(S)
(lfapplicrbD
$CIIEI'ULEB,
(Speciat lnstrucrions)
Soccial lnstrucrion No. t (Repairs) Asachcd .
;tril ilt*6n No' la (C'ompletion) Aflachcd
;fifr ffiil;;; ii.. z a"d ctmpl€nloo ltrsructions) Attachcd
#;1 ffi[XH ll I Hm*r,,m,mcrsh
Defosit) Auached
S'o""iot tott u.rioo No. 5 (F I'R.P'T'A')
;ffiil ilffib, No.6 ine'sotutionof Mirpllancous lssttcs)
-dio,t"o ts". no*hed Exhibit "A')
rhcpaniefto$eErcrowAgrecme"::bv-Siliull*Tll*TH*H"Jfffi.ffi #tffi"Hls*#nE parries ro $e *rr* o3:l#i#ilJ,ffHffiifiTii;;
ro oc rcciw esFnmeor" rna hc spocio rramactroos io
bound by the Escmw ASterrcl
Address:
Tcbphono:
Emall Addross:
SSN#orTu IDf:
CoiladPerson:
IJNDER:
Addrcss:
Tclcpbom:
&uailM&css:
SSNllorTax IDh
Contrc-tPcrson:
ESCROW I'EES TO BE A6 ROITOIVS:
(a) Sa uP fcc
O)Anorul foc
(c) Misccllsrrcotls
(ifapplhablc)
Addrcss:
Telephooe *:
Tax lDf
CoDtict P€fion
Anv concspondcnce rcgarding this cscrow shall be';jr.tt"d
ru lrnd tirlt O"rntee Company:
ATTN: ESCROW COORDINATOR
Rccciotcd of the Escrow Deposit aod acccpurcc of thc
ffi'* egt *ot bercby rcknowtcdged by
BECTOWEOI,D8R
Exnrnrr
F pglofS
hbnl 35(0 ca.ttot 0/.?AJ1
By:
LAND TITLE CUARANTEE COMPANY_. -cnNfrel pnovstoNs ro rHE Escnow AoREEMENr
l. Nol!cc..
(r)Allnoticc'lhrllbcinwritingarxt.rtullbccfrcctlvcwhc-nrrullyrooclvcdbyrllP'fiyrof,,homthcnotbclrrddrcgcd.
(b, Any Notkcs dctivde{t i, Gror dE n*r"* eg!".r*nt iffit ilil;; d, Idd;t"*(s) rr $c dd8c|s(cr) givcn in the
(c)
(d)
(g)
(0
c)
s.
lnitials
- -Initiale
- -
Esrow AgrElrcn|.ffi,il;?;;ittetsl Frronatlv' bv U's' or privac mril.or coTs'
lr m rtrrirnarivc to ov.i"tr o.ri"'lirl,"iriil#.;* ;;;rytl:d- ii irt"*"r" r"t- bv fsimlle or bv cnuil'
ird. *io otig"t i tfurnlu* tntir uc i'*U"d-pq tCrq-ol-rtv p'nv'
Atl Noticcr lhall rrsc "o*ptd['G-gscruw
t{;dcr rs rhowa o rhc Esrow ASrrctrEnL
$' ffi;fl*Hr*'
lblL'r raxn. rr uE lh[ 5:m P
Iclbmcoo Nollc.
ffi#,IS'*ffi.#'X"Ilffi,H*ffi
.,#fi H,m-1ffi ;fi 'effi lffiffiff H:;
lrurlE th.t uy pcnon pur?onirE b Stvc lly wrilini; mlEc'
'dvlcr
or il[rrrrlol la Goonccd@ wilh
u&dild ro& do'
. -,rrlii.ffi"L'm"ffi umtatmcd f-unds may bc pqy.btc ro bc surc sr sorE tu$n dsrc il.'nrrl lo uDcltimcd Propcny
fuffiitr"jtri##ffi ffiffi,H'$,H,HHffi ffi mtru*mffs'*'r*'
rPPlicrbb lrw'
ff"il'ffff, n #ffiffi fiffiil*lu, u'"rr,,r- 0,",' * D"r+ te ur^lf mxl-XP-
D6iLllcmlYwillbcdffiilE-$Isfr'u' ro tl(x)'om'(D rhrtl bcu i'rffit 'r$G.r& I
Mi6 bElo lo oocr tyDc of iovcsbtol6' a drc Elcros lbua D
ffi;h";; "b.r
Fj;rt ffimm, oc yictd o 6c Es.rw Dsro3it. u-Dds oo ckDunuma rbrll Ercw Hold3l Ds lhbL fq
(b) E|gwHoldsthdlodb€!'-' u* or n ro t .' utot * ffiiiG't'-;*'* *"+* "*nffi *' "-:;.13 "
,., mff--_fr5# ;,,H,'Sffi *ff'[fi;4q*"qa o".' o'to gi"ffii'r rllociEi ''ni"r io
. tud{n lreran Do **'frJfoiliit tpp"ptitr tor -dE Eqtdtld fmc
':[r#ffi'Lffi#ffi;,".*i-p,'.s191rg3;1#go"ftffi ,ilHffi*'#fiffi ,ffi ;1,1"'
fes or othu payncdr mrdc or to b' o'de by Escrow Holder i
Ercfiw AtmlBilL
", ff m*ff jffiffiTfrTf'ee!"#'/#
,., iffiHigil*fffi mffiiff#HlI ffi;v;il,;*; 6' a'r'it"tio" or pioros DG?osr !o rDv
;; ffi'r;r#ff'1[:ibu*ar,'.4h
dcurx5l,s c bootsw'r*ffi;I$*il$i ffiffi;ffiffiI;ful Efrr*ii.ratt tbstl ml bG lisblc fot ery ur6'-'tsGlEooon.
:; Hi trH',XfJrumfmry 6m** ors6.,r.d4 *''lc"',ffiHfrffi'',5:m "
h ir.oort (drlr b oc*PtH;'lE;;; opoo'*rtlim'i tttcmrulo4'ndforroy rqsorDls $
brri lpoo roct ravict tr $rlrddt
Indcodrv of Ercrorv Eoldcr''-l"mn:f
ru"*'l"i$#ffi I!iffiJ;::,Ii#ll'fly-'LiT#!*ffi,il,Hlf,fiTl'fi f ;ffi Lf,
" "ffii-dv * of ilreErcw A3rccmril' or boootrc'
,, [ffiffifu dl, iu crpcnrcr. tncldiog, bu na nccc*,ily timi.cd ro .Eotucyr' focr urd coun coo'
IXdilt .od lil.rPlcodcr'
(r)-tnth.Gvs,*ofrn,disPut.bctwc+nthcFinlc3.rto.Girhc,lrw6tg,offuttEovcd.rryofrhc-Prnirshrrctof.il.forutyrcrroo,'-' ..ru,yncclpr,"orq'it#'ffi;;;fi;;;db&**1ffi;*ffi#; fffififf
iil,.riffi J" o o"livi'r eny ftuda rtocrurols or pooFry ln lta Drro p Ey* rs D - wr!
abrnrnd."'ffiffi #fm,im#ffi3*#;H*hffi rmm*H*iffi 'H
' - rr L--.- !^-- ^rt"rd hw rffiff ud Ercrw Hd&r rtrrtf b'vc bcco mrlflcd rhocof'ld rhdt
", ;:**j'jffi,l'$ff'f*.?i!.f-i rdvcrccrdo,c
,., *"*,'#:,f;;: ff,"fffi#Hffi:Hffiffi i,,,r,ai.nr* ",t. .xpcrc or rbc Perrtos'$ffiffiTffi ffi;"
;*' r#m-rm;" m
eY PrrlY'
r o. B.dr#[o foHHliljs ondsr rhl! ASncmctrt by liviog u,ri0cll roiioc ro .ll of rhc Prnbs hrrlo, GffcctiYc 30 dayr efcr rhc
dslc of fid mtis'
orur""f1",qry;i1gJJg,ffg;.ffi,ffiffi S;1m:*,Tl$l,I'lflT#lll'JJtri'11f lii'I*"'
F'orm 3560 ea.drr 04'Zm5
g2of t
E .cOL
&liverdrcEscrowDcpositwhhinrrearorrablepgrMo{dncutodt,!6od,ddrhiube'Gticvcdofdyeddllirbilirytcm&t rriring thcclftct'
linoo**o,*pq.rrryqY:-T:S*gS5E}1$TfS,fl ffi e5l"#::,-TH:S
lttd rFrrclrutivc'
t'z' Aq:XH;nr cull bc aovcred bv ruc us of rbe srdc of colomdo'
l!. Cdrttrr?.r&T .'ddlc''-'--J,.s*-w^s*mo,Htliffi "HHStHHI'ffi ;:';?t$'ffi ,##ffiSffii:3-#.ffi :
trffi.ffi,5"h*"oo - ure ru urc,c Jffilili;--ht-;d"d rhitd dnv b"..rrsi.'ir who mav relv upon or
[E f,r f". ttt" p*isiffi of thit lgt€amt
3:1ffi5:1T;Sffi;il;; ^8;""' rh! tc't'.'E c'ow Hor&'lr *a-r*i'.oarick ,trFcrivo rspil3
h'onu 3560 ca.dot o4l2UJ5
pg 3 of3
C.
H
APPENDIX A
IMPACT FEE WORK SHEET INSTRUCTIONS
Notethenamefortheprojectorfeepayeronlinelaswellasthetypeoflanduse.
Entertheroadcostatthepointofserviceon]ine2.Theroadcostwillbebasedona
c apital lmprovemen,$ffi;;;il ;; ih; Board of countv commiss ioners'
lffi ::'fi il;ffi :i:::H','""T;;tt!;T#"i;::t:"#yi;.fr"8:;1,'f'
iio,nu ot ( 1 994, Transportation Research Board)'
CalculatethebaseroadcostperADTatthepointofservicebydividingLine2by
iine l. Enter the result on Line 4'
DeterminetheADTperLandUsefromthelTETripGeneration.Manualoranother
credible source u.,"pi"iiv;;;;;;d and enter the result on Line 5'
CalculatetheBaseTratliclmpact|eefgthetypeofland]sebymultiplyingthe
ADT per Land use d;;;;ffiil. n"*, R"Jai;riper ADr (Line 4) and enter the
result on Line 6.
Calculate Tax Credits as follows:
Enter the equivalent of 80% of the Road and Bridge property tax mill levy
(for ttre typi of land use) on Line 7'
EntertheCountyDiscountRate(therateofreturntheCountyreceivestiom
its investments) on Line 8'
Enter the Road Design Life (in years) on Line 9'
Enter the present worth Factor (pwF) on Line 10. The PWF for various
combinations orrer* ona riir""r* Rates is fbund in the Appendix.
CalculatetheNetPresentValueofthetaxcreditbymultiplyingtheRoad&
Bridge equivalent ;iiiltiuv ir'" PWF (Line l0)' Enter the result on
Line I l.
CatculatetheUNADJUSTEDRoADIMPr\CTFEEbysubtractingthetaxcredit
(Line I l) from,t," n*-""rruinc tmpact rediinrol Enter the results on Line l2'
&rcrr"i. the TNFLA'tloN ADJUSTTVIENT as tbllows:
A.
B.
C.
D.
E.
F.
a.
b.
c.
d.
e.
H.
Exrunrr
G
6. Base Traffic Impact Fee per Land Use $
TAx CBEpITS
7. 80% of Annual Road & Bridge Property Tax per Land Use S
8. CountY Discount Rate S
Road Design Life (Years)
Present Worth Factor (PV{F ' from Appendix A)
Tax Credits = PropertY tax equivalenlliwr
iirlnluSrnp nolp ttui'ect FEE per Land use
[Base TAX CRBDITSI
Years
9.
10.
t 1.
t2.
t3.
14.
15.
s
s
l
I
r6.
%
17.
t8.
19.
20.
Years
GARFIELD COLTNTY BOARD OF
COMMISSIONERS, GARFIELD
COUNTY, COLORADO
INFLATION ADJUSTMENT
Denver-Boulder CPI Year of Cost Estimate
6"nro-Soulder CPI Year of hnpact Fee Calculation
Inflation Factor
itffi;;;;L;tion Year/cPI of Year of cost Estimate)
PRE.CONSTRUCTION INFLATION ADJUSTED
ROAD IMPACT FEE
Discount Itate or Finance Rate
Term (Years)
Compound lnterest MultiPlier
P0ST.CONSTRUCiidN AU.IUSTBO ROAD IMPACT FEE S
bil uiis r+tt, day of January, A'D' 1997'
ATTEST:
NOTICE REGARDING BUITDING PERMITS
TO: All purchasers of Homesites withln the Ironbridge subdivision.
YOU ARE HEREBY NOTmED that under applicable Garfield county tgq$q9T:
you may not commence constnrction of a residence within unincorporated Garfield
tou"ty, inctuding the Ironbridge Subdivisiorl (' Pr9ry{/'), prior to issuance of a building
permiiUy Cadiefi County. Under the terrrs df the Subdivision lmprovements Agreement
between Garfield County and LB Rose Ranch LtC and the subdivision aPProvals issued for
the property, Garfield County will not issue building perurits for the Property unless it can
be demlnstrated to the satisfaction of the Carbondale Rural and Fire Protection District that
there is adequate water available to the construction site for the Fire Distric(s purposes and
all applicabte Fire District fees have been paid !o ttrg {strict. Furtherurore, no certificate
oi oi&p*ry for any residences contain.a *itftit the Prope{ will be issued by Garfreld
County untess it can'be demonstrated to the satisfaction of the Garfield County Departnrent
of nuiiding and Planning that all subdivision improvements, including all appropriate
water facifties, have bJen completed and are operatond in accordance with the
Subdivision Improvements Agreement.
Name
The foregoing was read and understood by the undersigned Purchaser of Lot-,
Ironbrid ge Subdivision.
Byt
By:
Homeowner
Notice Regarding Buiklhg Permits
Ironbridge Subdiuisbn
Exhibit H
FIRST SUPPLEMENT
TO
RESTATED DECLARATION OF
COVENANTS, CONDITIONS, RESTRICTIONS AI\D EASEMENTS
FOR
IRONBRIDGB
This First Supplement to the Restated Declaration of Covenants, Conditions, Restrictions and
Easements for Ironbridie (the *First Supplement to Declaration") is made as of March ,2006, by LB
Rose Ranch LLC,aDelaware limited liability company ("Declarant").
WITNESSETH:
WIIEREAS, Declarant has heretofore caused to be recorded a Restated Declaration of Covenants,
Conditions, Restrictions and Easements for Ironbridge on March 18,2003, at Book lMT,Page 884 (as
amended or supplemented from time to time, the "beclaration") in the Garfield county, colorado real
property records; and
WHEREAS, in Article 15 of the Declaration, Declarant expressly reserveg for itself the right to
expand the property (all capitalized terms used herein shall have the meanings as defined in the Declaration,
unless otherwise defined oi modified herein) by annexing and submitting all or a portion of the Annexable
property to the terms and conditions of the Declaration and creating Lots and/or Common Area by one or
moie auty recorded Supplemental Declarations and supplemental Plats; and
WHEREAS, Declarant wishes to submit to the Property the real property described as Lots 62
through 89, inclusive, Lots 172 through 316, inclusive, all common Area and other real property described
on the konbridge Planned Unit Development, Phase II, Filings l, 2, &.3 agcolding to the Plat thereof'
recordedonMarch--,2oo6,atRecepionNo.-,intheGarfieldCounty,Colorado
;;i;;"p"rty ,".ordslG "Phur" II Plat") (such real prope1y trerei.{11 ?1T:9-':,j,9"^_::j'1 -------
Supplemental property''). Notwithstandil-e the foregoing, the real property described a:J{llt^,?-9::T:';;;T';,';LJ+'".it" pturr II plat shalinot be Common Area maintained pursuant to the Declaration, but
I
rather shall be common Area subject to a separate declaration filed contemporaneously herewith and
maintained Pursuant thereto.
WHEREAS, Declarant wishes to reserve the right for itself to further expand the Property in the
future in accordance with the Declaration'
NOW, THEREFORE, Declarant hereby declares that both the Property and the First Supplemental
property shall be held, sold and conveyed subject to the following covenants, conditions, restrictions and
easements and the covenants, conditioni, restriitions and easements contained in the Declaration, which are
for the purpose of protecting the value and desirability of the Property and the First Supplemental P-ropely
and which shall run with thi land and be binding on all parties and heirs, successors and assigns of parties
t uuing any right, title, or interest in all or any part of the Property or the First Supplemental Property'
1. General. The terms and provisions contained in this First Supplement to Declaration shall be
in addition and supplemental to the terms and provisions contained in the Declaration. All terms and
provisions of the ileclaration, including all definitions, except those terms and provisions specifically
modified herein, shall be applicable to tf,ir First Supplement to Declaration and to the First Supplemental
pril;y. The definitions-used in the Declaration are hereby expanded .and shall hereafter and in the
Declaration be deemed to encompass and refer to the Property as defined in the Declaration and the First
Supplemental property as defined herein. For examplJ, "Lot" shall mean the Lots described in the
Deciaration plus tlie additional Lots described herein and on the Phase II Plat. Reference to the "Property"
shall mean both the Property and the First Supplemental Property, reference to "Common Area" shall mean
the common Area described in the Declaration plus the additional common Area depicted on the Phase II
plat and reference to the..Declaration" shall mean the Declaration as supplemented by this First sup-plement
to Declararion. All ownership and other rights, obligations and liabilities of owners of original units are
hereby modified as described herein.
Z. Annexation of First Supplemental Property. The First Supplemental Property is hereby an4
upon the recording o and the phase II plat shafi be, annexed into the
property, and each Lot and the common Area within the First Supplemental Ptop".tty shall be subject to all
of the covenants, conditions, restrictions and easements as contained in the Declaration'
3. Effect of Expansion. Assessments by the Association as provided in Article I I of the
Declaration, upon thr *r"rdirg "f this First Supplement to_-Declaration and the Phase II Plat' shall be
assessed to all owners in accordance with Artic['ll, regardless of whether such owner is the owner of
4. Severability. Invalidation of any one of these covenants or restrictions by judgment or court
order shall in no way ffi*y other provisions which shall remain in full force and effect.
5. Conflicts Between Documents. In case of conflict between the Declaration, as supplemented
hereby, and the *ti.l". .f t"*.p"r"tt"n orlylu*r of the Association, the Declaration as supplemented shall
conffol.
4DDW'JW lv sr v".'v
property which is part of the First Supplemental Propertv or part of tht-e}y:-"i^*:Jg:lLp".X t:j}:
i""oraing hereof. Notwithstanding any inclusion of uOaiti*ul real propertV unde-r^1!"-?:lt"T1t]?L:.1*rwvtsur6
owner (regardless of whether such o*ner is the owner of property which is pT 9J,h: ry:1,?-Y?P-t:,T::*v wltvr
pr"p".ti oi purt or tr," J"tinition or the Pr-operty prior torhi recording n":::?,:lIlTl?:,1tI-3*J*
."rfutio his obligation for the payment-of th" C*nron Expenses of the Association' T:l11tl9^*-:Tf:X
for any new Common Area, costs and fees, if any. The recording of this IiTi::!311T*to Declaration
shall not alter the amount of the Common Expensei assessed to an Owner prior to such recording.
LB ROSE RANCH LLC,
a Delaware limited liability company
PAMI LLC, aDelaware limited liability company
Managing Member
By:
Name:
Title:
STATE OF COLORADO
COUNTY OF GARFIELD
By:
Its:
)
) ss.
)
The foregoing instrument was
as-
Membir of LB ROSE RANCH LLC, a Delaware limited liability company.
WITNESS my hand and official seal.
My commission expircs:-
tSEALI
acknowledged before me this day of March, 2O06, by
of PAMI LLC, a Delaware limited liability comPany, the Managing
Notary Public
HOMEOWNERS ASSOCIATION AGREEMENT
(Ironbridge Property Owners Association)
This Agreement is made and entered into this _day of 20fJl6, by and
between I R Rose Ranch LLC ('O\ /ner") and the Ironbridge Property Owners Association, Inc., a
Colorado non-profit corporation ("Association");
WHEREAS, Owner is the owner and developer of that certain real property ("subdivision")
located within Garfield County, Colorado, also known as the Ironbridge Planned Unit
Development - Phase II, Filings 1,2 and 3 as more particularly described within the Final Plat
therefore heretofore recorded in the records of the Clerk and Recorder for Garfield County,
Colorado on as Reception No.("Final Plat");
WHEREAS, the rights and obligations of the Owner and the Association instant to the
Subdivision's internal roads, utility easements, common areari, landscaping and other facilities of
the Subdivision are set forth within the First Supplement to Restated Declaration of Covenants,
Conditions, Restrictions and Easements for Ironbridge heretofore recorded in the records of the
Clerk and Recorder for Garfield County, Colorado on
Reception No.("Declaration");
WHEREAS, a Subdivision Improvements Agreement ('SlA') was heretofore executed by
between Owner and the Board of County Commissioners for Garfield County and recorded in the
records Office of the Clerk and Recorder for Garfield County, Colorado on
as Reception No.
WHEREAS, the SIA sets forth the obligations of the Owner instant to the construction of
the Subdivision's internal roads, bike paths, landscaping and common areas and other facilities
within the Subdivision; and
WHEREAS the parties hereto wish to enter into an Agreement between themselves in order
to reflect each others duties and responsibilities instant to the control and regulation of the
Subdivision components above described pursuant to the Declaration and SLA above described.
NOW THEREFORE, for and in consideration of the mutual promises contained herein the
parties agree as follows:
1. Simultaneously with the execution of this Agreement, Owner shall execute and
deliver to the Association the quitclaim deed attached hereto as Exhibit A conveying the those
common area parcels and non-exclusive easements for the replacement, repair and maintenance of
all drainage ways and structures within the Subdivision, all as are more particularly described
within the Final Plat. The Association agrees to accept such conveyance and agrees to maintain,
repair and replace all drainage facilities and structures together with all roadways within the
Subdivision for the benefit of the lot owners of the Subdivision in strict compliance with the
terms and conditions of the following:
A. The terms, conditions and provisions contained with in the Declaration;
E:Wronbridge & Rose Ranch\Phase II Final PIaI\IIOMEOWNERS ASSOCIATION AcREEMENT.doc
C.
D.
The terms, conditions and provisions contained within the zoning approvals for the
Subdivision issued by the Board of County Commissioners foi CametO County,
Colorado under Resolution Nos. 98-80, 99-067, z0o4-20 and 2o06-35, heretofore
recorded in the records of the Clerk and Recorder for Garfield County, Colorado as
Reception Nos. 53 1 93 5, 546856, 69447 B and 69 447 8, respectively;
The terms, conditions and provisions contained within the Preliminary Plan
approval for the Subdivision issued by the Board of County Commissioners for
Garfield County, Colorado under Resolution No. 2006-34, hlretofore recorded in
the records of the Clerk and Recorder for Garfield County, Colorado as Reception
No.694478; and
The terms, conditions and provisions contained within the Final plat.
2. The Owner agrees to complete the obligations set forth in the SIA and to install those
improvements within the subdivision in accordance with said agreement.
3. Except as expressly provided herein, the Association herein agrees to indemnify and hold
harmless the Owner and its agents for any claims associated with the-conveyance, use, operation,
maintenance, repair and replacement of the property and facilities described in paragrap'hs 1 and
2,above
Subject to the Owner's obligations hereinabove set forth, by accepting the herein
described property, easements, facilities, and all related obligations, responsibilitiei, duties and
requirements, the Association herein releases the Owner, itslgent and assigns, from all futureresponsibility, liability or obligation accompanying or associatid with ttre suUdivision property
and facilities conveyed as described in Paragraph f above, and releases the Owner from any aniall claims that may hereafter be made with respect to such items. The Association accepts suchproperty "as is" without guarantee or warranty from the Owner of any kind. Nottring in
this Paragraph is intended to waive the Owners'obligation set forth in paragraph 2 above.
5. The obligations_ of the parties set forth herein that require performance after the
conveyance of the deed(s) that are the subject of this Agreement, shill survive the conveyance of
said deed(s) and shall not merge therewith.
6. This Agreement shall be binding upon and inure to the benefit of the heirs, successors and
assigns of the parties hereto.
7. Upon execution and coincident with the filing of the Final PIat, this Agreement shall be
recorded with the clerk and Recorder for Garfield county, Colorado.
IN WITNESS WHEREOF, this Agreement is executed on the day and year set forth above.
E:Wronbridge & Rose Ranch\Phase II Final Plat\IIOMEowNERs ASSOCIATIONAGREEMENT.doc
LB ROSE RANCH Lrc, a Delaware limited
liability company, by PAMI LLC, a Delaware
limited liability company, its managing member
By
Authorized Signatory
Ironbridge Property Owners Association, Inc.
By
President
STATE OF COIORADO )
)ss
couNTY oF GARFTELD )
Subscribed and sworn to before me this day of , 2006, by
##'l*'"#'triiu,'$:ffi*i*,;?i,ffiT;
company, Owner of the Subdivision.
Wffi{ESS my hand and official seal.
Notary Public
My commission expires:
STATE OF COLORADO
COUNTY OF GARFIELD
Subscribed and sworn to before me this day of 200,6, by
Presiilent,Ironbridge Property Owners Association,
Inc.
Wffi{ESS my hand and official seal.
Notary Public
My commission expires:
3
)
)ss
)
E:WTONbTidgC & Rose Ranch\Phase II Final PIaTWOMEOWNERS ASSoCIATIoNAGREEMENT.doc
on
No.
QUIT CLAIM DEED
THIS DEED, made this _ day of 200J between LB ROSE
RANCH LLC, a Delaware limited liability compEuly ("Grantoy''), an6 the IRONBRIDGE
PROPERTY OWNERS ASSOCIATION INC. a Colorado nonprofit corporation,
("Grantee").
WITNESSETH, That the Grantor, for and in consideration of the sum of Ten Dollars
and other good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, has remised, released, sold, conveyed and QUIT CLAIMED, and
by these presents does remise, release, sell, convey and QUIT CLAIM unto the Granteg
its successors and assigns forever, all the right, tifle, interest, claim and demand which
the Grantor has in and to the real property, together with improvements, if any, situate,
lyrtg and being in the County of Garfield and State of Colorado described as foliowst
All common area parcels, (exduding Filirg B, common Area 7,2,9 and 4)
and together with non-exclusive easements for the replacement, repair and
maintenance of all drainage ways and facilities, all as .ue more particularly
described within the Final Plat for the Ironbridge Planned Unit
Development'- Phase II, Filings '1,,2 and 3 heretofore filed in the records ofthe Clerk and Recorder for Garfield County, Colorado
as Reception
TO HAVE AND TO HOLD the same, together with all and singular the
appurtenances and privileges thereunto belonging or in anywise thereunto appertaining,
and all the estate , i*t, title, interest and claim whatsoev er, of the Granto., 6iiher in l;
or equity, to the only proper use, benefit and behalf of the Grantee, its successors and
assigns forever; subject to all of the rights reserved by Grantor to utilize the same set-
forth within the First Supplement to Restated Declaration of Covenants, Conditions,
Restrictions and Easements heretofore recorded in the records of the Clerk and Recorderfor Garfield County, Colorado on as
Reception No.
IN $TITNESS WHEREOF, the Grantor has executed this deed on the date set forth
above.
tB ROSE RANCH LLC, a Delaware limited
liability comp:uly, by PAMI LLC, a Delaware
limited liability company, its managing member
By'
Authorized Signatory
E:Wronbridge & Rose RanchPhase II Final plat\eCDlronbridge.o.HOA.doc
ru
STATE OF
)ssCOUNTYOF )
Subscribed and sworn to before me this _ day ol
€rn authorized signatory for
Delaware limited Iiability company, managing member of LB Rose
Delaware limited tiabitity company, Owner of the Subdivision.
WTTNESS my hand and official seal.
Notary Public
My commission expires:
?M, by
PAMI LLC, A
Ranch LLC, a
2E:Wronbridge & Rose Ranch\Phase lI Final plat\eCDlronbridge.to.HoA.doc
DECLARATION
FOR
THB ASPEN COLLECTION
THIS DECLARATION FOR THE ASPEN COLLECTION (this "Declaration") dated as of
March J 2@6, shall be effective upon recordation and is made by LB Rose Ranch LI-C, a Delaware
limited liability company ("Declarant"). Declarant is the owner of certain real property in Garfield
County, Colorado, more particularly described on Exhibit A attached hereto. Declarant hereby makes the
following grants, submissions, and declarations:
ARTICLE 1
IMPOSITION OF COVENAI\ITS
Section L.1 Purpose. The purpose of this Declaration is to create a residential planned
community (the "Project") pursuant to the Colorado Common Interest Ownership Act as set forth in
Article 33.3, Title 38, Colorado Revised Statutes, within the Property (defined below).
Section 1.2 Intention of Declarant. Declarant desires to (a) protect the value and desirability
of the Project, (b) further a plan for the improvement, sales, and planned community ownership of the
Project, (c) create a harmonious and attractive residential development within the Project, and (d) promote
and safeguard the health, comfort, safety, convenience, and welfare of the owners of units in the Project.
Section 1.3 Development and Use. The Project consists of forty-seven (47) Units
(hereinafter defined). No additional Units may be established on the Property by subdivision of existing
Units or otherwise.
Section 1.4 Declaration. To accomplish the purposes and intentions recited above, Declarant
hereby submits the Property, together with all improvements, appurtenances, and facilities relating to or
located on the Property now and in the future, to the provisions of the Act, and hereby imposes upon all
of the Property, thi covenants, conditions, restrictions, easements, reservations, rights-of-way, and other
provisions of this Declaration below, and Declarant hereby declares that all of the Property shall be held,
sold, conveyed, encumbered, leased, rented, occupied, and improved subject to the provisions of this
Declaration.
Section 1..5 Master Declaration. The Property is subject to the Restated Declaration for
Ironbridge, recorded March 18, 2Cfl3, under Reception No. 623133 in the Office of the Clerk and
Recorder of Garfield County, Colorado, as amended and supplemented from time to time.
Section L.6 Covenants Running With the Land. All provisions of this Declaration shall be
deemed to be covenants running with the land or equitable servitudes, as the case may be. The benefits,
burdens, and other provisions contained in this Declaration shall be binding upon and shall inure to the
benefit of Declarant, all Owners, and their respective heirs, executors, administrators, personal
representatives, successors, and assigns.
ARTICL,E 2
DEFINITIONS
The following words when used in this Declaration, unless inconsistent with the context of this
Declaration, shall have the following meanings:
E:\ClientsVronbridge\The Aspen Collcaion\Dcclaration\Dcclantion 4cln.doc
Section 2.1 "Ag!" means the Colorado Common Interest Ownership Act as set forth in
Article 33.3, Title 3g, colorado Revised statutes, as such Act exists on the date hereof, except to the
extent that the applicability of future amendments to the Act are mandatory.
Section 2.2 "Annual Assessmenl" means the Assessment levied annually.
Section 2.3 "Articles" mean the Articles of Incorporation for the Association, cunently on
file with the Colorado Sr.retuw of State, and any amendments which may be made to those Articles from
time to time.
Section 2.4 "&rygg'' means the Annual, Special, and Default Assessments levied
pursuant to Article l0 below. Assessments are also referred to as a Common Expense Liability as defined
under the Act.
Section 2.5 "Association" means The Aspen Collection Association, a Colorado nonprofit
corporation, and its ,rc""rsorr and ".signs.
The Association acts through its Executive Board unless a
vote of the Owners is otherwise specifically required by this Declaration or by the Articles or Bylaws.
Section 2.6 "Association Documents" means this Declaration, the Articles and the Bylaws,
and any procedures, rules, regulations, or policies adopted under such documents by the Association.
Section 2.7 "BylS," means the Bylaws adopted by the Association, as amended from time
to time.
Section 2.8 "eommon Area" means all the real property and improvements thereon, if any, in
which the Association owns an interest for the common use and enjoyment of all of the Owners on a non-
exclusive basis, including, without limitation, that property designated as the "Common Area" on the
plat. such interest may include, without limitation, estates in fee, for terms of years, or easements.
Section 2.9 "egrnmon Expenses" means (i) all expenses expressly declared to be common
expenses by this Declarition or the Bylaws; (ii) all other expenses of administering, servicing,
conserving, managing, maintaining, repairing, or replacing the Common Area and the Exterior
Maintenance Area; (i-ii) insurance premiums for the insurance carried under Article 9; and (iv) all
expenses lawfully determined to be common expenses by the Executive Board'
Section 2.10 "@!" means LB Rose Ranch LLC, a Delaware limited liability company,
and its successors and assigns. No party other than LB Rose Ranch LLC shall exercise the rights and
privileges reserved herein io Declarint unless such party shall receive and record in the Office of the
btert anO Recorder of Garfield County, Colorado, a written assignment from LB Rose Ranch LLC of all
or a portion of such rights and privileges.
Section2.ll "Declaration" means this Declaration for The Aspen Collection, together with
any supplement or amendment to this Declaration, recorded in the Office of the Clerk and Recorder of
Garfield County, Colorado.
Section 2.12 "Di@!" means a member of the EW*W, eo tc., .r--i-"r-Z-7
Section 2.13 "M!" means ,tr]i.or. Ranch Metropolitan Distri/when related to services,
prograrns and facilities us€s within the Proje8[, or Roaring Fork Water & Sanitation District when rclated
io municipal water and sanitary sewer matters within the Project.
Section2.14..@[..@!,,meanStheAssessmentsleviedbytheAssociationpursuant
to Section 10.8 below.
Section 2.15 .,ElggiyeBoardf' means the governing body of the Association elected to
perform the obligations of ttre Association ielative to the operation, maintenance, and managenrent of the
Project and all improvements on the Property.
Section 2.16 "Exterior Maintenance Arca" means the land driveways, courtyard area, fence
and inigation systerL if any, sunounOing the Residence, excluding the exterior of any Residence.
Section 2.17 ..E!E!_Md&ge" means an unpaid and outstanding Mortgage which seclres
financing for the conrt uffin andEGlopment of the Project or which encumbers a Unit, and which, in
urry .uJ, has priority of record over ali other recorded liens except those governmental liens made
.up"rio, by statute (such as general ad valorem tax liens and special assessments).
Section 2.18 "Eirs[-LdsrtgAgee" means any person named as a mortgagee or beneficiary in any
First Mortgage, or any successor to the interest of any such person under such First Mortgage.
Section2.l9 ..Eggdq" means any activity, function or service required under this
Declaration to be undertaken or performed by ttre Association as well as any activity, function or service
otherwise undertaken or performed by the Association.
Section 2.20 "konbridge Planned Unit ' means all of the real property in
Garfield County, Colorado, subject to the Master Declaration from time to time'
Section 2.21 "!g1g" means a plot of land subject to this Declaration and designated as a "Lof'
on any subdivision plat of the property recorded by Declarant in the Office of the Clerk and Recorder of
Garfield County, Colorado.
Section?,.Zz "Management Agreement" means any contract or arrangement entered into for
purposes of discharging the responsibilities of the Executive Board relative to the operation' maintenance,
and management of the Project.
section2.Z3 "M@i@\g!" means a person, firm, corporation, or other entity employed
or engaged as an independent contractor pursuant to a Management Agreement to perform management
services for the Project.
Section2.24..Mas!9[-@'meanstheIronbridgePropertyowners'Association,
created by the Master Association Documents.
Section 2.25 "Master Association ' means the Master Declaration and the articles
of incorporation and bylaws of the Master Association, and any procedures, rules and regulations, and
policiesidopted under such documents by the Master Association.
Section 2.26 "Master Declaration" means the Restated Declaration for konbridge, recorded
March tg, 2003, under Reception No. 623133 in the Office of the Clerk and Recorder of Garfield County,
Colorado, as further amended, restated, supplemented and otherwise modified from time to time.
Section1.Z1 "Ma1imum Rate" shall mean three (3) percentage points greater than that rate of
interest charged by a bant< ldesignated from time to time by the Executive Board) to the best commercial
customers of tt" designated Uant< for short-term loans and identified as the "prime rate" by such bank as
of the date on which such Maximum Rate is imposed with respect to any amount payablg under this
Declaration, or if less, the maximum rate allowed by law, including the maximum rate set forth in Section
38-33.3-315(2) of the Act.
Section 2.28 ..@' shall mean every person or entity who or that holds membership in
the Association.
Section 2.29 ..Mg$&gg" shall mean any mortgage, deed of trust, or other docunrcnt pledging
any Unit or interest therein as security for payment of a debt or obligation'
Section 2.30 "Iv[q1g4reg," means any person named as a mortgagee or beneficiary in any
Mortgage, or any successor to the interest of any such person under such Mortgage'
Section 2.31 ..gWI" means any record owner (including Declarant, and including a contract
seller, but excluding u .frt u.t purchaser), whether a natural person or persons, or an entity, of a fee
.i.pfl title interestin and to *y Unit; eicluding, however, ffiY record owner with an interest therein
*"rlly as a Mortgagee (unless such Mortgagee his acquired fee simple title interest in the Unit pursuant
to foreclosure or any proceedings in lieu of foreclosure)'
Section 2.32 ..P!4" means the subdivision plat(s) recorded with respect to the Property that
creates any Units, and all supplements and amendments thereto.
Section 2.33 ..Eqis!,' shall mean the planned community created by this Declaratioru
consisting of the nopertffirUnits, and any othei improvements constructed on the Property and as
shown on the Plat.
Section 2.34 ..Eqpg4y" means and refers to that certain real property described on Exhibit A
attached to this Declaration
Section 2.35 .,g13bnce,' means all improvements, including the residence and the attached
garage, constructed on and as part of any Unit.
Section 2.36 "@," means all roads, driveways, private rights-of-way and/or public rights-
of-way, identified on the ptat (if and only to the extent of Association's maintenance responsibility
therefor), which are maintained by the Association, including any curb and gutter, conrmon landscaping,
paved roads, snow maintenance and storage facilities, and drainage areas within the Property as shown on
the Plat.
Section 2.37 "sharing Ratio" means the percentage allocation of Assessments to which an
Owner's Unit is subject. Th" for.rt, for sharing ratios is an equal allocation among all of the Units.
Section 2.38 "spegia! Assessmen!" means an assessment levied pursuant to Section 10.7
below on an irregular basis.
section 2.3g .tsug@[@[" means any party or entity to whom Declarant assigns any
or all of its rights, oUtigutio*, * int"r..t * Declarant, as evidenced by an assignment or deed of record
executed by both peclirant and the transferee or assignee and recorded in the Office of the Clerk and
Recorder oi CarfielO County, Colorado, designating such party as a Successor Declarant.
Section 2.40 "UEi!" means a plot of land subject to this Declaration and designated 1s3'F!'l
on any plat of the hoperty recorded by Declarant in the Office of the Clerk and Recorder of Garfield
County, Colorado, together with all improvements thereon, including a Residence, and all easements and
rights-of-way appurte-nant thereto. Unii is also referred to as a Unit under the Act'
Each capitalized term not otherwise defined in this Declaration or in the Plat shall have the same
meanings specified or used in the Act.
ARTICLE 3
NAME, DIYISION INTO RESIDENTIAL IJMTS
Section 3.1 Name. The name of the Project is The Aspen Collection. The Project is a
Planned Community pursuant to the Act.
section 3.2 Association. The name of the association is The Aspen Collection Association.
Declarant has caused trre essociation to be incorporated under the laws of the state of colorado as a
nonprofit corporation with the purpose of exercising the functions as herein set forth'
Number of Units. The number of Units submitted to this Declaration is fourty-
Identification of units. The identification number of each unit is shown as its lot
Description of Units.
Each Unit shall be inseparable and may be leased, devised, or encumbered only
Section 3.3
seven (47).
Section 3.4
number on the Plat.
Section 3.5
3.5.1
as a residence.
3.5.2 Title to a Unit may be held individually or in any form of concurrent ownership
recognized in Colorado. In case of any such concurrent ownership, each co-owner shall be jointly and
severally liable for performance and observance of all the duties and responsibilities of an owner with
i"rp""t [o the Unit in which he owns an interest. For all purposes herein, there shall be deemed to be only
one Owner for each Unit. The parties, if more ttran one, having the ownership.of a Unit shall agree
among themselves how to share the rights and obligations of such ownership, but all such parties shall be
:"i.tri and severally liable for performance and observance of all of the duties and obligations of an
b*n& hereunder with respect to the Unit in which they own an interest'
3.5.3 Any contract of sale, deed, lease, Mortgage, will or other instrument affecting a
Unit may describe it by its unit number, The Aspen Collection, County of Garfield' State of Colorado,
recorded amendment and supplement thereto, and this Declaration, which will be recorded in the Office
of the Clerk and Recorder oi-Gurfi"ld County, Colorado, and any recorded amendment and supplement
hereto (with applicable recording information inserted herein).
3.5.4 Each Unit shall be considered a separate parcel of real property and shall be
separately assessed and taxed. Accordingly, the common Are-a shall not be assessed separately bu! shall
be assessed with the Units as provided p-*ruunt to Colorado Revised Statutes Subsections 39-t-103(10)
and 38-33.3-105(2).
3.5.5 No Owner of a Unit shall bring any action for partition or division of the
Common Area.
ARTICLE 4
MEMBERSHIP AI\D VOTING RIGHTS; ASSOCIATION OPERATIONS
Section 4.1 The Association. Every Owner of a Unit shall be a Member of the Association'
No Owner, whether one or more penions, shall have more than one membership per unit owned" but all
of the persons o*nirrt " uni sirall be entitled to rights of membership and of use and enjoyment
appurtenant ,o o*n r-rfrip "i n Unit. Membership shallie appurtenant to and may not be separated from
ownershiP of anY Unit.
Section 4.2 Transfer of Membership. An owner shall not transfer, pledge, or alienate-his
membership in the Rssociation in any *uffirpt upon the sale or encumbrance of his unit and then
only to the purchaser or Mortgagee of his Unit'
Section 4.3 Membership. The Association shall have one (1) cat€gory of membership
consisting of all owner., in ruoirrg the Declarant so long as Declarant continues to own an interest in a
unit. Except as otherwise provided for in this Declarition, each Member shall be entitled to vote in
Association matters p*t*", to this Declaration on the basis of one vote for each Unit owned' The
Association shall not have a vote with respict to any Unit which may be owled by it' Declamnt shall be
entitled to vote with respect to units o*r"a by it. Members_ of-the Association may exercise such voting
rights subject to and in accordance with the irovisions of the Bylaws. All members of the Association
.tiutt U" entitled to vote on all matters affecting the Project.
Section 4.4 Declarant Control. Notwithstanding anything to the contrary provided fol k'I
or in the Bylaws, pecurEGr,ait ue en-titled to appoint nid rimor" the members of the Association's
Executive Board and officers of the Association io tne fullest extent permitted under the Act' The
,p""iii, restrictions and procedures governing the exercise of Declarant's right to so appoint and remove
Directors and officers shall be set out in thJBylaws. Declarant may voluntarily_relinquish such Pow-er
evidenced by a notrci iiecuted by Declarant and recorded in the office of the clerk and Recorder for
Garfield county, colorado but, in such event, Declarant may at its option require.that specified actiorrs of
the Association or the Executive Board as described in the recorded notice, during the period Declarant
would otherwise be entitled to appoint and remove Directors and officers, be approved by Declarant
before they become effective.
Section 4.5 Owner's and Association's Address for Notices. All Owners of each Unit shall
r,un, onJini tt" run1" ."ilirg ddr"r" to uorrgirt"r"o *itt the Association and used by the Association
or other owners for notices, demands, and all oih"r.o*.unications regarding Association matters. The
owner or owners of a unit shall furnish such address to the secretary of the Association within five (5)
days after transfer of title to the Unit to such owner or owners. Such registration shall be in written form
,"irig*o by all of the owners of the Unit or by such persons as are authorized by law to represent the
interests of all owners of the unit. Notwithstanding the foregoing, thg Association shall be entitled to
;;iy ;p"" any such registration or othe-r notice of a clange in address of the owners of the Unit which is
si6ed by less than all of the Owners of such Unit'
If no address is registered or if all of the Owners cannot agree, thgn the- address set forth in the
deed to the unit shall be deemed their registered address until another registered address is furnished as
required under this Section.
Any notice delivered to a First Mortgagee in accordance with the terms of this Declaration shall
be sent to the address for such party specifiJaln tne First Mortgage unless the First Mortgagee notifies
the Association in writing of a different address'
6
All notices and demands intended to be served upon the Executive Board shall be sent to the
following address or such other address as the Executive Board may designate from time to time by
notice to all of the Owners:
Executive Board
The AsPen Collection Association
410 honbridge Road
Glenwood SPrings, Colorado 81601
All notices given in accordance with this Section shall be sent by personal delivery, which shall
be effective upon ieceipt; by ovemight courier service, which shall be effective one business day
iollowing timeiy deposit withitre couriir service; or regular, registered or certified mail, postage prBpaid'
which
'1,utt
U" iffective three (3) days after deposit in the U.S. mail.
ARTICLE 5
MAINTENANCE,LAI\DSCAPINGANDSPECIALEASEMENT
Section 5.1 Maintenance. In order to maintain a uniform appearance and a high standard of
maintenance within *re nolect, the Association shall maintain the Exterior Maintenance Area, as more
fully set forth below. fn aaiition, the Project may have common private water, ujility and/or sewer lines
and vaults and irrigation lines which serve more than one Unit, in which event they shall be maintained
by the Association, and the costs of maintaining such improvements shall be a Common Expense.
5.1.1 Residence Exteriors. Subject to the insurance responsibilities set forth in
Article 9 below, each o*ner stratt maintain ttre exterior of his Residence, which shall include but shall
not be limited to, painting and/or staining of the exterior (including decks and porches), painting and/or
staining of all walfu, fencEs and gates and roof maintenance and repair (including snow and ice removal).
The M-aster Association shall have the sole discretion to determine the color or type of materials used to
maintain the Residences as provided in Article t6 and the Master Declaration. The owner shall further
be responsible for window iashing, the repair or replacement of broken window panes and all other
exterior maintenance and repairs that are noi otherwise a responsibility of the Association. [n the event
insurance proceeds under Anicle 9 are payable to an Owner but the maintenance responsibility of the area
to which such proceeds relate is thi Association's, such as the Exterior Maintenance Area, the
Association shali complete any such repair or replacement at the Owner's cost in the event the
Association does not receive insurance proceeds for the same.
S.t.Z Landscaping. Sidewalks and Drivew4y. Subject to the insurance responsibilities
set forth in Article q U"lo*, the Asociution shall maintain landscaping of the Units within the Exterior
Maintenance Area and landscaping within the Common Area. Maintenance of the landscaping within the
Exterior Maintenance Area stritt inctuOe, but not be limited to, maintaining lawns, trees and shrubs. The
Association shall also maintain the driveways within the Project (and the maintenance provided under this
Section shall include snow removal services). The Owner shall be responsible for the maintenance of all
front and rear walkways, patios and decks, including snow removal. The Association shall provide all
irrigation to landscaping within the Exterior Maintenance Area and the Common Area, and shall provide
all ither utilities n"."r*ry for the maintenance and upkeep of such landscaping. The maintenance
provided under this Section shall be performed at such time and in such a manner as the Association shall
determine.
5.1.3 Association's Right to Grant Owner's Maintenance Area. The Association
reserves the right to grant the mairtenur.e responsibility of certain areas on each Unit to the Unit Ownel
and the Owner is obilgated to accept said maintenance responsibility, provided said assignment is done in
7
a uniform and nondiscriminatory manner. Furthermore, the Association shall have the right to
promulgate reasonable rules and regulations regarding the maintenance by the Owner.
Section 5.2 Special Easement. The Association and the Executive Board and their respective
representatives are hereby granted a nonexclusive easement to enter upon and use the Exterior
Miintenance Area and to enter upon a Unit as may be necessary or appropriate to perform the duties and
functions which they may be obligated or permitted to perform pursuant to this Article 5, including, but
not limited to, maintenance and repair duties set forth in Section 5.5 in the event an Owner fails to
maintain its Unit.
Section 5.3 Maintenance Contract. The Association or Executive Board may employ or
contract for the services of an individual or maintenance company to perform certain delegated powers,
functions, or duties of the Association to maintain the Common Area and Exterior Maintenance Area.
The employed individual or maintenance company shall have the authority to make expenditues upon
prior approval and direction of the Executive Board. The Executive Board shall not be liable for any-omission or improper exercise by the employed individual or maintenance company of any duty, power,
or function so delegated by written instrument executed by or on behalf of the Executive Board.
Section 5.4 Owner's Responsibilitv. Except as set forth below, an Owner shall be
responsible for maintaining all portions of the Owner's Unit. Notwithstanding the foregoing sentence, the
Owner shall not be responsible for maintaining those portions of the Exterior Maintenance Area to be
maintained by the Association as described in Section 5.1 above, unless modified by Section 5.1.3. All
water service lines and other utilities installed and included in a Unit serving only that Unit shall be
maintained and kept in repair by the Owner of that Unit and such water or utility services shall be the
expense of such Owner. To the extent said water or utility service lines require maintenance or repair and
the same is located on or under the Property, except on or under its designated service Lot, such Owner
shall obtain written permission and oversight by the Association for the same, shall comply with any rules
and regulations related thereto, and shall retum the Property to its original condition prior to the repair or
maintenance at its expense. The Association shall have the right and power to prohibit on a Unit any
storage or other activities deemed unsafe, unsightly, unreasonably noisy or otherwise offensive to the
sensei and perceptible from another Unit or the Common Area. No Owner shall make any addition or
other alteration to any portion of the Exterior Maintenance Area or remove or alter the landscaping or
inigation system without appropriate approvals, as more fully discussed in Article 16.
Section 5.5 Owner's Failure to Maintain or Repair. In the event that a Unit and the
improvements and landscaping thereupon are not properly maintained and repaired, and if the
maintenance responsibility for the unmaintained portion of the Unit lies with the Owner of the Unit, or in
the event that the improvements or landscaping on the Unit that are insured by the Owner are damaged or
destroyed by an event of casualty and the Owner does not take reasonable measures to diligently pursue
the repair and reconstruction of the damaged or destroyed improvements to substantially the same
condition in which they existed prior to the damage or destruction, then the Association, after notice to
the Owner and with the approval of the Executive Board, shall have the right, but not the obligation, to
enter upon the Unit to perform such work as is reasonably required to restore the Unit and the buildings
and other improvements thereon to a condition of good order and repair. The cost of such exterior
maintenance and repairs of a Unit shall be assessed against the Owner of such Unit and shall be a lien and
obligation of the Owner pursuant to Article 10. For the purpose of performing the maintenance
authorized by this Section, the Association, through its duly authorized agents or employees, shall have
the right (but not the obligation), after reasonable notice to any Owner or Project Association, to enter
upon such Unit or hoject during reasonable hours on any day. The Association and its designees are
hereby granted an irrevocable license over all the Property to inspect (in a reasonable manner) the same in
order to determine whether any maintenance or repair is necessary under this Section. The lien may be
enforced in the same manner as a lien for an unpaid Assessment levied in accordance with Article 10 of
this Declaration. Neither Declarant, the Association, nor any of their respective Directors, members,
officers, agents or rrnprov.es shall be liable for any incidental or consequential damages for failure to
inspect any unit or improvements or portion thereof or to rePair or maintain the same' Declarant' the
Association or any member of the general public,. firm oi:orporalion undertaking such repairs or
maintenance shall not be liable for any personal injury or othei incidental or consequential damages
occasioned by any act or omission in the repair or maintenance of any Unit or improvements or portion
thereof.
Section 5.6 Roads. The Association shall maintain and keep the Roads in good replir, a1d
the cost of such .aint rilc" ,hall be funded as provided in Article 10. This maintenance shall include'
but sha[ not be limited lo, upkeep, repair and ieplacement of the Roads (which shall include without
rimitation ,ro* ,.*orut ,"*i..o. The Association's responsibility for Road maintenance under this
section applies whether or not such Roads lie on a common Area, on an easement created by this
Declaration across nny unit, or some other area of the Property. In the event insurance proceeds under
Article g are payabte io an owner but the maintenance responsibility of the area to which strch proceeds
relate is the Association's, suctr as the driveways within the Project, the-Association shall complete any
such repair or r"ptu"r*# at the applicable owner's cost in til event the Association does not receive
insurance proceeds for the same. in the event the Association does not maintain or repair the Roads,
Declarant sha[ rrave the ,igt t, uut not the obligation, to do so at the expense o!-the Association' The
Association may contract fir these services *ift, *y public or private entrty' If the Executive Board
deems it advisable, the Association may, at any time, Lnler into a written agf,eem€nt to dedicate or convey
the Roads to either a metropolitan district or 6 Garfield county. In the event that dedication to Garfield
county is made under this section, the Roads must meet all Garfield country road and trail plan
standards applicable at the time of such dedication. GARFIELD COUNTY SHAII HAVE NO
OBLIGATION TO ACCEPT THE OWNERSHIP OF TTIE ROADS OR TIIE RESPONSIBILITY TO
MAINTAIN TIM ROADS.
ARTICLE 6
ASSOCIATION DUTIES, RIGHTS AND PRIVILEGES
Section 6.1 Association Management Duties. Subject to the rights and obligations of
Declarant and other o*ner, .u. set rorttr iffi;lurution, the Association shall be responsible for the
administration and op.ruiio" of the Project and for the exclusive management, control' maintenance'
repair, replacement, and improvement of the common Area (including facilities, furnishings' and
equipment related thereto, if any) and the Exterior Maintenance Area, and shall keep the same in good'
clean, attractive, and sanitary condition, order, and repair. In the event insurance proceeds under Article 9
are payable to an owner but the maintenance responsibility of the area to which such proceeds relate is
the Association's, such as the Exterior Maintenance Area, the Association shall complete any slch repair
or replacement at the applicable owner's cost in the event the Association does not receive insurance
proceeds for the ,ame.
-'ihe
expenses, costs, and fees of such management, operation, maintenance' and
il;ir ay the Association shall be parr of the Assessments, and, subject tothe budget apploval procedures
of Section f O3 below, prior upproval of the Owners shall not be required in order for the Association to
pay any such expenses, costs, and fees'
Section 6.2 Reserve Account. The Association shall establish and maintain, as part of its
budget and out of the inrtullmerrts of the annual Assessments, adequate reserve accounts for maintenance,
repair, or reptacement of any portion of the Common Area or the Exterior Maintenance Area that must be
maintained, repaired and/or replaced on a periodic basis'
Section 6.3 Owner's Negligence. In the event that the need for maintenance, repair, or
replacement of all or uny portio, of tfr" Common Area or the Exterior Maintenance Area is caused
through or by the negtigini or willful act or omission of an Owner, or by any member of an Owner's
famil!, or by an O*n'er;s guests, invitees, or tenants, then the expenses incurred by the Association for
such maintenance, repair, oi replacement shall be a personal obligation of s-uch Owner. If the Owner fails
to repay the expensei incurredby the Association wittrin seven (7) days after notice- to the Owner of the
u*o*i owe4 ihen the failure to so repay shall be a default by the Owner under the provisions gf 9i!
Section, and such expenses shall automatically become a Default Assessment determined and levied
against such Unit" enforceable by the Association in accordance with Article l0 below.
Section 6.4 Delegation of Management and Maintenance Duties. The Executive Board may
delegatealloranypu'to@baManagingAgent,includingDeclarant;however'the
ExeJutive Board, when so deligating, shall not be relieved of its responsibilities under this Declaration.
Section 6.5 Acquiring and Disposing of Personal Property. The Association may acquirc,
own, and hold for ttre use ilO bilEfrt of atl Owners tangible and intangible personal property, and may
dispose of the same by sale or otherwise. Each Owner may use such personal property in accordance-
*iti, tfn purposes for which it is intended, without hindering or encroaching upon the lawful rights of
other Owners.
Section 6.6 The
Association may contract or cooperate with the District, the Master Association, or with other
homeowners' ajsociations or entities within Ironbridge Planned Unit Development as convenient or
necessary to provide services and privileges and to fairly allocate costs among the parties utilizing such
services-and iriril"g"r which may
-be
administered by the Association or such other organizations, for th9
benefit of Owners and their family members, guests, tenants, and invitees. The costs associated with such
efforts by the Association (to the extent no1 chargeable to other organizations) shall be a Common
Expense.
Section 6.7 Right to Make Rules and Regulations. The Association Documents establish a
framework of affirmatire und n"gative covenants, easements, and restrictions that govem the Project.
Within that framework, the Executive Board and the Owners must have the ability to respond to
unforeseen problems and changes in circumstances, conditions, needs, desires, trends and technology.
Therefore, this Section establishes procedures for modifying and expanding the initial rules and
regulations for the Association. This Section is not intended to apply to rules and regulations relating to
us-e and operation of the Common Area which the Executive Board may adopt by resolution, nor to
administrative policies which the Executive Board may adopt to interpret, define or implement the rules
and regulations-. At the request of any Owner, the Association will provide, without cost, a copy of the
then current rules and regulations.
6.7.1 The Association shall be authorized to and shall have the power to adopt,
amend and enforce rules and regulations applicable within the Project with respect to any Unit' Common
Area or function of the Association, and io implement the provisions of this Declaration, including but
not limited to, rules and regulations to prevent or reduce fire hazard; to prevent disorder and disturbances
of the peace; to rcgulate animals; to regulate signs; to regulate use of any and all Common Areas to assur€
fullest'enjoyment;f use; to promote ihe general health, safety and welfare of persons residing, visiting
and doing business within the project; and to protect and preserve property and property rights. All rules
and regulations shall comply with the Association Documents.
6.7.2 Subject to the terms of this Section and the Executive Board's duty to
exercise business judgment and reasonableness on behalf of the Association and the Owners, the
l0
Executive Board may modify, cancel,-limit, create exceptions to'ot:M1g:t:: and regulations of
the Association. The B*.""ii"" Board ,t un ,.no noticeio all owners concerning any proposed action at
least fifteen (15) days prior to on g*..utire goaro meeting ut *ti.tr such action is to be considered'
owners shall have a reasonabl, opponunirf to-G n"*o at ao Bxe"utive Board meeting prior to such
action being taken. Any amendment or o', uooition to the rules and regulations may be made by a
rnajoritY of the Directors'
6.7.3 Owners may cancel changes to the rule.s and i:flt::t":,"ttJ:Yt:l *:iJ;''"?X,Hl'.H",lt'iiiffi :::;-:,:"*r*X'Sl,,t'#*#:t3i
il'".;|ffi '}frlnffi#:['y;:q"""Ttn"Xf :::f :"n**,9.1'J"3:*3#f ff*'ff ',H
ffiIffi $',il3"8Jl!fl IIffi ';;H::;**-[,t*l*X1;:,""::g:;Xl;,""f :'ffdfl "fi ;L[:ffi#:;Iff ,:xTli':'ff J"":il:"['J,{;;d1f ;f:L,r"lxtx*till"*"i,:?H."fi JH'i}[:number of Owners necessary rc cau a sPesril 're'r'r$1 rvr !r'v tO lt*gar will -be ineffective until after
and regulations proposed !i'h" Yl*:1tu^"- l:.T1*J::f"ti-..,i,, o
Hl,Ii"lr?irli* ri.ri*o;iil ue subject to rhe outcome of such meeting'
6.T.4hxceptasmaybesetr:4TthisDeclaration(eitherinitiallyorby
amendment) or in the initiat rulls -o ,"iurutions or tne ersoci"tion, all rules and regulations shall
comply with the following provisions:
6.7.4.1
uniformlY aPPlied.
The rules and regulations shall be reasonable and shall be
6.7.4.2 The rights of owners to displav. *1ts-iT^T1-rylt*'",-ff;
,ul;"119y".",1"I-ti,ihli11:J;:t'*:fui#tlg"l;x""'##g3;
;1#:li;,,*$iffi:?'T3';l'.t"J'uidi""[{ i{:"*:'-?:ll* g;[:tiir:J,ffi:"*Tl"##ii
ijlffjiii,#1,,1li.T,"":i#ffi,;ifiilrffi i;l,*:*"y* jj"*::ll*J".'.:'iT,*::,*f.ff#
;"jffi'ji:,'#li:T$::,'1il:rffli:,ili;;ii-!, pru"" *o'*u*' of posting sucr, signs (incruding
design criteria).
6.7.4.3 No rule shall interfere with the Owners freedom t d"P-aT:T:
nffi 0.,."..:rjipl;;"T:i,i",.1,,i;;i[],Hi.H#ff il:Jr:Xt?Hil?}rtrJii:t!"ttlii?#i';:::fl:*fui:11#$fi ,';ffi l"'"'l#lJ:rffJs:ffi :xtr'permi"edoccupants be mePqers or a s,rBrs 'uuDwNwrruo
"i rr" u"i and its fair use of the Common Area.
i, ""!t,
u"i on the basis of the size and fac:
6.7.4.4 No rule shall interfere with the activitiities carried on within the
,"l;1fi 'ln"'*"iJ."""il;Fti:y:*:::i*::::::ltl"#':f#f#,#
;:lffi :i#]":Ti'.:ffi #lhqid$in11",1*T;[li': j:::m:J-:?]:'l"H;'fl i[::ffiproperty restricted to resloenuar ure' "":':;;: ri-,*---ir,ri oise or traffic, that
create monetary .or,,'ioi 'r'"
Association. *,9t1:' -u:lT:jlll^t""-'l:::"".t:1T,::::J"" of annoyance.
:::::: #:i;ilJ"',:i l,",i,llilfi! ffiffi;. u,i,, "'-it',,.,.ut"-un
unreasonabre source orannovance'
6.7.4.5 No rule shall alter the allocation of financiat UurOen-s1ry.5j;
-",Jffi *,"co##;:[T.lt,l*1:1::::{.?g*ff ilX,:;,;;;;:ffi:H,']iX*J'flTi#","ft x#;';1"yil:::::::m",::,,",:"fl [,H:",",T'.*:]'::'#:ll?*tlff [T:%'l#Jffi 'ffi;il''ffi il:':$.{:r:*'PJ::1?::i::::'#X.",'"::f,i:tr#'*ffi lf l:ffi ffi:Jffi ii;Ji:il'il:"""'#;?"-1*:Y*'::f lT',4::t'Xl"t#iXtll!fl"ff;,X}:;liiliJTr"T;ffi1,;l +:1,:$ t i' p.oni.ion does not affect the right to increase
tt " u*ount of Assessments as provided in Article l0'
6.7.4.6 No rule shall require an Owner to dispose of personal property
that was in a unit prior to adoption or.u.t ,ui" iirr.t, personal property was in compliance with all rules
previously in force. This exemption shall apply only 9*jH the period of such owner's ownership of the
Unit, and shall not apply to subsequent O*'iJ's *trotake title to tt'" U'it after adoption of the rule'
6.7.4.7 No rule or action by the Association shall unreasonably impede
Declarant's right to O","fop the Project and market and sell Units'
The limitations in sections 6.7.4.1 through 6.7.4.7 shall only limit rulemaking authority exercised
under this Section and shalr not apply ,o orn#a*rnts to ttris petrarution adopted in accordance with
Article 19.
Section6.3EnforcementofAssociationDocurB'enJs.SubjecttotheprovisionsofArticlelE'
theAssociation,oranyaggriev,ao*nffiactionagainstanyownertoenforce
compliance with the-nires-ina ,egutatiois oi-trr.-e.rociation ano wit[ the other provisions of the
Association Documents to obtain au*ug";for noncompriun " oi ior injunctive relief, or both, all to the
extent permitted uv ra*.--tt " ExecutivE g""ra .uy utro.impose sanctlons for any noncompliance with
the Association Docrinents. suctr *un tiir-m"i *iv u" imfor"o uy the Executive Board shall include'
without limitation:
6.3.llmposingreasonablemonetaryfineswhichshallconstitutealienuponthe
violator,s unit. In the event that *y ;;1p;, cu"., - Gr." of a Unit viorates the Association
Documents and a fine is imposed, the fine shau first be assessed against the owner;
6.8.2 Suspending an Owner's right to vote on Association matt€rs;
6.3.3Suspendinganyperson,s.rigltttgusetheCommonAreaandallfacilities
contained therein; p*'io"o ho*"u"' ;"fii;g ht;;in *r'ait authorize the Executive Board to limit ingress
to or egress from a Unit;
6.3.4Suspendinganyservices-providedbytheAssociationtoanownerorthe
owner,s unit if the owner is more ,h"" ;iid-(30) d;yr delinqGnt in paying any Assessment or other
charge owed to the Association;
6.8.5 Exercising self-help or taking action to abate any violation of the Association
Documents in a non-emergency situation;
6.3.6Requiringanowner,attheowner'sownexpense,toremoveanystructureor
improvement on such Or"n"r', i.Jnit in ri"l;;i;;'.itne essociaiion Documents and to restore the Unit to
its previous condition and, upon failure ;i hr owner,o oo *in Executive Board or its designee shall
have the right to enter the'unit, remov-e itl uiorution and restore the unit to substantia[y the same
condition u. pr"riouriJ"*irt"a and any such action shall not be deemed a trespass;
6.3.TLevyingspecificAssessmentstocovercostsincurredbytheAssociationto
bring a Unit into compliance with the Association Documents'
6.g.g In addition, the Executive Board may take the following enforcement
procedures to ensure ""*pri"r.9
witn irre association Docriments *itt ort the necessity of compliance
'*irfr rtt procedures set forih in the bylaws or Article 18:
6.3.3.lExercisingself.helpinanyemergencysituation(specifically
incruding, but not limited to, the towing "ir"t i"rJ. that are in uiotution of partcing rures and regulations);
t2
6.8.9 All remedies set forth in the Association Documents shall be cumulative of
any remedies availablJ oi rr* or in equity. rn uny action to eJorce the Association Documents' if the
Association prevails-it .n"il recover'ali costs, including attorneys' fees, expenles and court costs'
reasonablyincurredin-suctraction,andtutfttott"shallbei-ncludedintheawardattrial'
6.g.10 The decision to pursue enforcement action in any particular case shall be
left to the Executi* goura', discretion, ;;;# thu! .tht Executive Board shall not be arbitrary or
capricious in taking .nror."*"nt action. wi,t "lt rimiting tne leneratity of the foregoing sentence' the
Executive Board , y J;*ine that, under the circumstances of a particular case:
6.8.8.2
recover monetary damages or both'
6.8.10.1
any or further action;
Bringing suit at law or equity to enjoin any violation or to
The Association's position is not strong enough to justify taking
The covenant, restriction or rule being enforced is' or is likely to
be construed as, unenforceable or inconsistent with applicable law;
6.8.10.3 Although a technical violation may exist or may have occurred'
it is not of such a material nature as to be ouieciionaule to a reasonable petton or to justify expending the
Association's resources; or
6.8.10.4 ThatitisnotintheAssociation,sbestinterests,basedupon
6.8.1O.2
hardship,expenseo,otr,''*u'onablecriteria,topursueenforcementaction.
Such a decision shall not be construed a waiver of the Association's right to enforce such
provision at a rater time under other circum-Jances or preclude the Association from enforcing any other
Lovenant, rule or regulation'
frequentry than annualry ffi"-notice containing the names and
addresses of ttre mefi."tt "i,t" Executive Board and the Managing Agent' if any'
section 6.10 Payments to working capital-Accgunt' In order to provide the Association with
adequate working capital funds, *r" e.ro.ruffifrirt "ott..t
at the time of the sale of each unit an
amount equal to tt'e! (3) months A"rd Ar;sments due from time to time. The Association shall
maintain the working capital funds ro *J;;;;;;en expenditures or ro acquire additional equipment or
services in connection with the common .tieu ana the Exterior Maintenance Area for the benefit of the
members of the Association, subject a ,:h;;rdg.t approval procedures of Section t0'3 below' Such
payments to this f*d;ili not ue considered advance payments of Annuat Assessments' The working
capital contribution shall be returned ro
"u.-t
o*n", upon t-he sare of his unit, provided that the pt'chaser
of the unit nus cont iuuied the required working capital to the Association.
section 6.l l Implied Rights of the Association. Except to the extent limited by the terms and
provisionsofthisp".tu.unyiigt,torprivilegegiventoitexpresslyin
this Declaration or given to it by law and shall have and ,uy ri.r.ire every other right, privilege' power
and authority necessary or desirable ,o rurriii its obrigations under this Ijecraration, including without
limitation the rights to:
t3
6.11.1 adopt and amend the bylaws and rules and regulations of the
Association;
6.lL.2adoptandamendbudgetsforrevenues,expendituresandreservesand
collect assessments, including without fimitation er.r.J*"nt' for Common Expenses' from Owners;
6.11.3 hire and terminate Managing Agents and other ernployees, agents and
independent.onou.,orr. The Executi* g-o;ilhall expiesJy elnumerate any authority granted to such
Managing Agent or other employees, ug"ntr--*J indepenoenrcontractors und rry action requiring prior
approval of tf,e g*ecutive noarO'in n*iitt n inrt urn nt, which shall be duly executed by such Managing
Agent or other employee, a'ent.an! ird"p";;;i;ont u"tot. The Executivi goard shall not be liable for
any omission o, irnpi6p", "-*"r"i."
UV u.Vf*uging Agent of lnY dutY' power or function so delegated by
written instrument "*"Jut"A
by or onbehalf of the Executive Board;
6.11.4 institute, defend or intervene in litigation or.adminisnative proceedings
in its own name on behalf of itself or two or more owners on matdrs affecting the Project provided the
amount invorved in the proceeding or ritigation is less.than $25,000; otherwise, in order to institute'
defend or intervene in ritigation or aaminisfiaiir. pro"""oinss, itre Association shall have the approval of
67Vo of.rhe membership interest in ttre ,A.soJutioriot all apilicable Owners if the matter affects less than
677o of the Owners;
6.11.5 make contracts and incur liabilities;
6.ll.6regulatetheuse,improvement,maintenance,repair,replacementand
modificationoftheCommonereaandExteriorMaintenanceArea;
6.rr.7 acquire, hord, encumber and convey in its-own.name any right, title or
interest in real o,. p"ttJnuiproperty suUiect to any applicable requirements of the Act;
6.ll.3imposeandreceivechargesforlatepaymenlsof.Assessmentg're,cover
reasonable attorney,s fees and disbursements and other costs of coriection for Assessments and other
actions to enforce the rights of the essociat'ion, r"gror"* of.whether or not suit was initiated' and after
notice and opportunity to be heard, r"ry ,"u.onabi! fines and penalties for violations of the Association
Documents;
6.11.9 impose and receive reasonable charges for the preFuation and
recordation of amendments to the Declaration or statements of unpaid Assessments;
6.11.10 provide for the indemnification
Directors and maintain Directors; and officers' liability insurance;
6. 1 I .1 1 assign its right to future income, including without limitation' its right to
receive Assessments;
6.|t.t2obtainandpayforlegal,accountingandotherprofessionalservices;
6.11.13 perform any Function by, through or under contractual arrangernents'
licenses, or other alrangements with *y ;;r;;;nta, [*ti-goiemmental or private entity as may be
necessary or desirable; and
of the Association's officers and
6.11.14 enjoy and exercise any other power- or authority which similar
associations may now oit"r"un"r inioy o. exercise in the State of Colorado'
section 6.12 Books and Regorq:s ?f the Assopbjies ^I[ ::::::::3:f#JtH#;1'#:
Agent,,:1il:"ft*;'3"r * X**j:g;:ffffi*'ffi'#:flX
H,";ffJiffi "#i'r",iixil"61ffi gl"**;:m,xi"t'mr,Hfr:;'fr ,,?1"[T:'*qmay be requiryd. under the act' rJwnels anr(r rvrvr!ae"*" "
aln;eriient weekday business hours. In
"'iplrair*.i"
of the rurunnsins {een1::ry::t-1t::"::51,t:t" inctudine this Declaration, the Articles;lffiliff::ilY##:t*if,3:ffi'r':il;;t * Association' in'ruoine this Decraration' the Articres
,,roo o.,l i.onlations of the Association,:lit",l;$i:f #'i:f#trtrdHJ'#A;tt.L{*:"*n't*i"f :["ff UL**iY#:fi;Hl,r*.I},X1,:1l,T,ilLf#"1Tffi 'ffi:;T;'M;;;;,',i"rtimes-duringconvenientweekdav
business hours.
NOTWTTHSTANDING
'or,F'i'"#r* "HH"AffiJXffi';f;f;|,Jtr^iif#,frii!_lld; exri excrpr- ro i,e ExrENr covERED BY
AssocIATIoN INSuRANcE As ppscniibi n'l ARTICI-E q' tffi ASSoCIATIoN SHALL NoT
BE LIABLE rc offvrns ron nwunionbert'rea,' o'insn THAN FoR THE cosT oF
MAD{TENANICE ENP NNBEN, C'AUSED ;i ANY MTWT CONDITION OF TI# COMMON
AREA oR TIm Exienion nrinqTeNeNCe AREA to si vrer111a'u1rep AND REPAIRED BY
TrrE Assocreuor.io[ceusBo sy rdErEr"ENrs oR orHER owNERs oR PERSONS'
ARTICLE 7
MECHAI\IC'S LIENS
SectionT.lNoLiability.Ifanyownlrshallcauseanyryle{al1o.lefurnishedtohisUnitor
any labor to be performed therein * at11J., no Owner 9f ony otirer Unit shall under any circumstances
be liable for the payment of any expense T,;; or ror trre vaiue oi any wor\ don3 gr material turnished'
All such work shall be at the expense or *," o*n", causing it to u. oon , and such owner shall be solely
responsible to contractors, laboiers, materialmen and other p.*onr furnishing labor or materials to his
unit. Nothing terei;"-;ni"i*o shall authori 7.e any owner o, uny perlon ae.atiLs throu8h' with or under
any owner to charge the common ar"u ol unv uii otrr", tt un ,u.tr owner's unit wittr any mechanic's
lien or other lien or encumbrance whatevri.
-6r.rt.
contrary (aJ notice is hereby given)' the right and
Dower to charge any lien or encumbrun"" oi "'y ki;d "g"ins[
the Common Area or against any owner or
anyowner,sUnitforworkdoneor*u.",iul,furnishedtoanyotherowner'sUnitisherebyexpressly
denied.
SectionT.2lndemnification.If,becauseofanyactoromissionofanyowner'any
mechanic's or other 1i",, o 'fo'th" *;rnry;i 'o"-tV
t['"fl be filed against the Common Area or
against any other o*nlr,, unit or an owneior the Association iwtrettre, o, nit such lien or order is varid
or enforceable as such), the owner *t or" u.i oi omission rorms the basis for such lien or order shall at
his own cost and r^p.n* cause the ,urn ,JL "u*"rrra
and discharged of record or bonded by a surety
company reasonablyicJ;ffi io G nrr""iu,ion, or to such otto oin"r or owners' within twenty (20)
days after the date fir,'rrg ,i,!ieo1 ano r'nn"i *t"rl indemniiy and slve all the other Owners and the
Association harmless from and against any and all costs, .*p"nl"r' claims, losses or damages including'
without limitation, re-asonable attJmeys' fees resulting thereftom'
SectionT.3AssociationAction.LaborqerformgdormaterialsfurnishedfortheCommon
Area, if duly authorized by the Associatirn in u..orounce with this Decraration or the Bylaws, shall be
deemed ,o u" p"rro*"0 o'r rumistreo wi*r trre express conseni of each owner and shall be the basis for
Section 8.4 Other Easements.
the filing of a lien pursuant to law against the Common Area' Any such lien shall be limited to the
Common Area and Jil;"y Ue eme-ctea against an individual Unit or Units'
ARTICLE 8
PROPERTY RIGHTS OF OWNERS
AND RESERVATIONS BY DECLARANT
SectionS.lowners,Easements.Every.ownerhasarightand.easementofenjoymentinand
to the common arru unffi uiilitv and sewer sirvice lines across the common Area
(to the extent originuil;I*t ir.J UV Declarant) necesiary topt*iOt tuch service to such Owner's Unit"
which shall be ,pp"ri;;;,; ";A;ri"rip"-1f ]"it-- * titG io everv Unit subject to the provisions
contained herein. Every Owner shall havei right of acT.sl tq ,lrO from his Unilover and across those
portions of the other Uni r-*Olo, tfre Com*on it"o on which driveways are located'
Section g.2 Recorded Easements. The hoperty shall be subject to all e-asements as shown on
any recorded plat affecting the property.anld-to any othlr "i*"*.iir *o"li""*". of record or of use as of
trre oate of recordation oithi. Declaration, which easements und li."nr". of record are set forth on the
attached Exhibit c. to uooition, trre nop"rtyi, ,"u.i*, to those easements set forth in this Article 8, as
well as to ony "urr*"*. io, *ut r, utility ;a ;;;";;*ice rines necessary to provide such service to any
or all of the units within the project, Tg;;"*"*"nt for inigarion linei nry.essary to provide irrigation
to all tandscupirg *itin tr," e*tirioi M"#J";;" ;;;i;funit and the common Area' to the extent
such easement. rr;;il*dy inctuaea on a recorded plat for the hoject.
anditssuccessorSandspecificassigns,t'gr-ssandegressovef,in,
upon, under, and across the property
"ro ,t.i rishtg ]o^r;.materials
on the Property and to make such
other use of the property as rnay be reasonably necessary or in"lo.ni to the comprete construction and sale
of the project, including, but not ri*iteiill"onri*"tion t*it"o, temporary Lonstruction offices, sales
offices, ana oirectiJnli'inJ ,nart"ting signr;'provided, rro*"u"r, tt ut no "u.t rights shall be exercised by
Declarant in such a way as to unreas#;I i""tr"t9 t11th the occupancy' use' enjoyment' or access by
any Owner, or family members, guesls, ,"iun t, or invitees oi un, btn*i .Declarant' for itself and its
successors and specific assigns, hereby ."toir.'u right to n,ulrtuin any unit or units as sales offices,
management offi."r, o, *oOIf ,"*iA"n&, 'o tong asbeclarant' or any Sutc"t'ot Declarant' continues to
own, lease, o, "on*t u Unit. ffr" u* UV ptti*int of any Unii as a model residence' office' or other use
sha, not affect the unit,s designation on the plat as a separate unit.
8.4.1 Each Unit shall be subject to an easement for encroach1:*:"f::::Lbi
construction, ,",lulr'and overhang, p"'io'li, *-ttti"q-i1* *::fl:lT1,::l"tyffl:J,?ttr'trl3fil;construction, settlmg ano oYeunurE' Prsvrvsot' v'rrvlr"r'
nition including, without limitation, any
a result of any additioior improie-nrent putt,uu{-tt i: ?::i'^r ona, nnrrion of the Roads encroaching;ffi l;i#'"3H[,i:f, :,X#;;'d#,ffi ;ax*j',:tn"*,.,tr*:l::iY[::::iffi"i:l;:i
3:H:l;l3f'I#fi0"!ill'i#i;ll'llll''nH,'lil;;;;;;dr*H{:':3flT.ll",illl;ilH:iH'ffil:lll,"H"k*.1#i,3.:fi"ff;ii"':il;ffiH;i;;ffi:T,.l;at?l't-:tl:Ii'r**T"l:*#3,ff';"ii'*il:'b#$L:fil:ih#'H"#ffilJ'd;i;;{;!^ti,".l=::-Y:'i-::","':""'.:i:ffii::i:Jf[H
iT,.,ffm;m:Ti,[:ffi *ffi I'ffi ilil;'n'n;;tIo-tt"*"intenancethereorsha[existsorong
as ttre imProvements shall stand'
8.4.2 Each unit is subject to a blanket easement for support and.a blanket easement for
the maintenance of the ,*tur", o, irnpr*"*rni, pr"."ntrv situated, oi io ue built in the future' on the
Units.
8.4.3 There is hereby created a blanket easement upon' across., over, in and under the
ffiJ[ff,,n:",tii.i[,"H]#,.T;Tlrnnirli;;6r'il'ffi iffi:],iiitri'$i
ffifl;fffi;;y ,ir,rr","ir unv, urio ait utilities, including, but.noJ timitg! to, water' sewer' gos'
terephone, caute tetevision ano electricity. said blanket easement includes future utility services not
presently availabte toit" Units which *y t
^onably
be.requireO11,-ttr,e-tY: By virtue of this
Lasement, it shall be expressly p"r.irriuil'f"i ixJ*i"t, its- iuccessors or assigns or the companies
providing utilities a-.iri, *O 1nuintuin the necessary equipment on any of the Units and to affix and
maintain electricat and/or terephone *iro,'.]*it, *o
"onouits
on, abovi across and under the roofs and
exterior wa,s of the improvements, all in a manner customary for such lines and equipment in the area
surroundingtheProperty,subjecttoapprovalbytheAssociationastolocations.
g.4.4 The units may have conrmon access roads and/or driveways upon certain units
serving more than one unit, and thereis $anted hereby a non-exclusive easement to the owners of units
served by any ,u.n *Jo, drin"*uy for ingress and egress purposes over and across those portions of the
Common Area and ,*t, unit, which are used as a common road or driveway. No owner shall hinder nor
permit his guest to hinder reasonable u.r.,' Uy uny other Ownet unO t'it guest to the Units' driveways and
parking areas.
S.4.5Declarantherebygrants,reservesanddeclaresaperPtualnon.exclusive
easement and perpetual right of ingress and egress -9Y?t,
u+t' upon' above' across and through the
property, for the u"r"rit "ip""wulrt,.p".i*nit',
affiliates (defined as persons or entities controlling,
controlled uy o, uni", **on control *itr, o".tu*r,), Decrarant's ,uccissors and specific assigns, the
Association anO its successors and u.rigrr, ;J;y iublic.or quasi-public qil.itV or governmental or
quasi-governmentaf ng"n"y, authority qentit];; *fftt1' D"qf* may grant' delegate or dedicate all or
any porrion of its rights hereunder "ri;h;it ,e,pe"tiue offic"rt' d+' -:T:lol""t'
contractors and
assigns, for the purposes of gfading, construction, operation'-maintenance' repair and/or replacement of
the Roads. The grant, reservation uno ar"i*oiion'or trrir road easement area sha[ not obligate Declarant
to construct any or "ii "i,rr" aforementioieJRoads, nor is this easement limited to Roads which benefit
one or more of the Units'
g.4.6 The declarant under the Master Declaration and the officers, agents, employees
and independent contractors of tt" vturt i nssociation shall have a nonexclusive easement to ent€r upon
the property for the purpose:l p"d"^t*r;'ilGi/'s ir"it respective obligations as set forth in the
tnturt", b""iaration and olher Master Association Documents'
section g.5 Reservation for Expansioq.. Declarant hereby reserv€s to itself and the
Associationand/orro,offiheProjectaneaSementandright-of-wayover'uPon
and across the Property for construction' utilities, drainage, irrigation, and ingress to and egress from
other properties abutting and contiguous to the hoperty' and foi use of the Common Area as may be
reasonablynecessaryorincidenttotheconstructionofimprovementsontheUnitsorotherimprovements
on the property; prJrio"o, however, ril;;;;h rights rnat u. exercised by Declarant in a way which
unreasonably interferes with the *aup*ry, u.",
"nj-oy,,"nt,
or access to the project by the owners' The
location of these easements and rights-o?-'w*;li6 made certain by Declarant or the Association by
instruments ,r"orO"O in the Office if tt"Cttil and Recorder' Garfield County' Colorado'
Section g.6 General Maintenance Easgr-nen!. An easement is hereby reserved to Declarant"
and granted to the Assoc'lition, ano ory ilGu", of tt. Executive Board or the Managing Agent, and their
respective officers, agents' employees, and assigns' upon' across' over' in' and under the Property and a
right to make suctr usi of the property as may be necessary or appropriate to make emergency repairs' to
perform the duties uno nn tions *nrcn'tr,eissociation is outigaiea or permitted to perform Pursuant to
t7
the Association Documents, or to exercise its rights undel Article 5 and Article 6 above, including the
right to enter upon".r,
-i:rn
l* ,1" ,n*n;itJ
-"i-rytf"t-i"S
maintenance. or making repairs or
improvements to or *ir"lirq ,h. F*l..rroj ivlaintenance Area o. io'tt " water, ut,ity or sewer service lines
or irrigation lines, as ,lir"rfi in Article s uno arti"re 6 above oiio p"rronn work pursuant to Section 5'5
in tf,tir"nt an Owner fails to maintain the Unit'
Section g.7 Association as Attorney-in-F4gt. E3ch owner, by his acceptance of a deed or
other conveyance vesting in him-an int ilffir-rrit, does i*"*"utv constitute and appoint the
Associationand/orDeclarantwithurn"*:!"t:d*ilqT+S:^9:::i::::*?"',:Tt*ffiIi"ff li
til%*ffi,T#1".?ff1ffi:rtliH,#?n. 'ier,,-
*'"rved uv oeclarant or granted to the Association'
as applicabre, witrr n ri po:*ei, rigtrt and authoriz.ition to execute *a artiurr any instrument affecting the
interest of the owner Lo i"'tuf" *y "rh;;-;;" which tr,e ,q.r;o"iation oi Declarant may consider
necessary or advisable to give effgcl t" th;;;i;;f$'l Article and this Declaration generally' If
requested to do so by thJ Association oid".t**' each Owner shall execute and deliver a written'
u"tl*f"Ag"d instrument confirming such appointment'
section g.g Delegation of use. Any owner may delegate his right of enjoyment to the
CommonAreaton",ffirt,EI*.ily,hisPnant|,.gue't',ii""n'""s,indinvitees,butonlyin
accordance with and *li-."tio tfr" limitations of the Association Documents'
the Association is hereby granted tt'" 'igt'
declaration or otherwise'
utility and other "or"iJi i-p"r-it., o, l-i"".r.". over the common Area, for purposes including' but not
limited to, streets, paths, *ulk*ay., or-aina[i recryation areas,-p"rrinq areas' ducts' shafts' flues' and
conduit installation areas, to create other rlservations, excepi,ois, anI exclusions, with respect to the
common Area for 'h";; int .rrt or nil *,e o*ners and the Association and to assign its right to future
i;;;;, including the right to receive Assessments'
section 8.10 Emergency Access Easgment' ..A general easement is hereby granted to all
police, sheriff, fire protei,ffiffiulnn ",ffi ot-hrrui*ilar emergency agencies or persons to enter upon
;i; Pr;dy in the proper performance of their duties'
Section g.1l Governmental Requiremenls, Declarant hereby reserves the right to grant such
easements, from time t"ffiy any go*rn*"rit agency. such easements sha,
specificany inctuoe, uui not be timitid ,,-"iv pruric riitrts-or-way and any environmental easements
required by federal, ,tr* ;; local enviro## igencies,-for ro ton! as the Declarant holds an interest in
uny Unit subject to this Declaration'
section 8.12 Drainage Easement. An easement is hereby reserved. to Declarant and its
successors and assigns and granted a rn"E.o.iation and it, oiR..r., agents, employees, successors' and
assigns to enter upon, across, over, in, urO-unJtiany portion of the erJiect for the purpose ofchanging'
correcting, o, otfr"*i* ,,odifying tt, g'uO" ot Orainage channels of the Property so as to improve the
drainage of water on the ProPenY'
Section 8.13 Declarant Easements' Declarant.reserves unto itself, its successors, assigns,
lessees,guests,ti,.n,"",ffingasitholdsanyinterestinanyUnit,theSameeasement
rights grantea to o*ne* under ttris p""r*ution ind specific ""rl..nt rights over and across the Property
u.-i ttiy deem necessary for its use from time to time'
section 8.14 Declarant's Right to Yacate and Re-Dedicatq Roads' Declarant' during the
period of Decrarant'con6ffitt e g*.C,ffio*-a r- uErioo oi zo vears thereafter' reserves the
l8
risht to take on behalf of the Association and each owner, all actions necessary to cause the Roads,
cJntained within the property and dedicat.o io it "
p"uric under the plat, to be vacated and re-dedicated to
the Associarion and owners as private *rd;$ t"; q;::Hive use and enjoyment of the Declarant'
owners and the es.ociution. tn tt, event
'eclarant
"xercise.-
its rights under this reservation' the
;;;ilil and each owner shall be deemed to consent to:
S.l4.lthefilingandprosecutionbyDellaralofallpetitionJapplicationsrequiredto
effect the vacation of such public roads pursuant to colo' Rev' $ 43'2-303; and
8.14.2 the acceptance bv Declarant of title t9 t::l tlli-1?::t:1%#*"[;ffi;;h-t*dt to the Association and Owners for use
condition that Declarant re-dedicate or convey
consistent with this Section'
ARTICLE 9
INSURAI\CE AIID FIDELITY BONDS
Section 9.1
reasonablY available:
GenerallnsuranceProvisions.TheAssociationshallmaintain'totheextent
g.l.lPropertyinsuranceonthecommonArea'privatewater'.utilityand/orsewerlines
and vaults and inigation ii,i". *O tt, noals
-(,;
th" extenl they are not contained within the Common
Area) for special f;;;;;;.uur.. or ro"; "it'pt that the t#l amount of insurance must be not less
than the fu, insurable replacement costs orthe insured property ,& appticaule deductibles at the time the
insurance is purchasea ano at each ,rn"*ut-our", ,*.ruriu"-oiiund,'"*cavations, fo,ndations' paving
areas, landscuping *o-otrro it"., norlnuuyl*.ruo"o fromproperty policies. Such insurance shall cover
all insurable i*pror"iJn'tr il;"ft ;, or .Jnrtiir,ing part or tne common Area' if any'
g.l.2Commercialgeneralliabilityinsurance,including,withoutlimitation,medical
payments insurance, inrfirrg tt" RssJciation,-ana its officers' memUers oithe Executive Board' and any
Managing Agent, and the Jmployees ""g-"g;tt of tft" Association and the Managing Agent against
liab,ity for death, oJili'i,r:* ,iuro"r,tur*Jurrrrr, invasion of privacy and property damage arising out
of or in connection ,,iirii-tr,J ownershii';;i;i;;"tte and use of it'" co*'non Area' the Exterior
Maintenance Area and other areas, if "ry,;;;;-,n" ,up"*i.ion or tnt Executive Board' Limits of
liability will be oetefrined by the E*."#r";;;ri'""J i,il be at least $l,oo0,ooo for any injuries or
death sustained by any person in any ti'gf" *t"""nce fang $2'000'000 in the a'ggregate)' and at least
$1,000,000 for properiy damagg resulting]from each 9""T";' Suctr policy wii include coverage for
contractual liab*ity, liability for non-owned and hired automobiles, and such other risks as are
cusromarily covered with respect t" d:y:i;;;n[,irnir*.to.tne ero;ect in construction' locarion and use'
The owners wi, u" i*irtilo as aaoitio'nai inruredr, uu, oniy ior craims and liabilities arising in
connection with the ownership, existence, use or *unug"*"ni or tn" common Area and the Exterior
Maintenance Area.
g.L.3TheAssociationmaycarryryc|rotherandfurtherinsurancethattheExecutive
Board considers appropriate, incruding inr'*'"* on units thaithe Association is not obligated to insure
to protect the Association or the Owners'
Sectiong.2Cancellation.IftheinsurancedescribedinSectiong.lisnotreasonably
available, or if any policy of such inrurunc, i, cancelled ot noi renewed without a replacement policy
therefore having been obtained, the AssJin; i;ptly sha, cause notice of that fact to be delivered to
all Owners.
19
Section 9.3
provide that:
policy Provisions. lnsurance policies carried pursuant to Section 9'1 must
9.3.1 Each owner is an insured person under the policy with respect to liability arising
out of such Owner's membership in the Association;
g.3.2 The insurer waives its rights to subrogation under the policy against any Owner
or member of his household;
g,3.3 No act or omission bY anY
Owner's authority on behalf of the Association' will
the policY; and
9.7.1.1
9.7.r.2
Owner, unless acting within the scope of strch
,oiJ,r,"'p"licy or be icondition to recovery under
g.3.4 If, at the time of a loss under the policy, there is other insurance in the narne of an
owner covering trre same rist covered by rh" il;t, trr" a.rdiation's policy provides primary insurarrce'
Section 9.4 Insurance proceeds. Any loss covered by the property insurance policy described
in section g.r must be adjusted with the issociation, but the in.*uir"" proceedl for that loss shall be
payable to any ior**" iustee designated for that purpose' or otherwissto the Association' and not to
any holder or o .o,iritv i"i"r".r. itg 1..**.r trusiee or the Association shall hold any insurance
proceeds in trust for theb*ners anO fuforttal"es as ttr9i1 interests may appear' Subject to the provisions
of section 9.7 berow, the proceeds must 6"ii*u*r"d first for the r"puir or restoration of the damaged
proprty, and the erro"iutil*, Owners and Mortgagees ari not entitled'to receive payment of any portion
of the proceeds unt"rs tf,er" is a surplut';ffi;J; "ft* the damaged property has been completely
;;p;iH ;;"stored orit ","ei* "r"ut
d by this Declaration is terminated.
Section 9.5 Association Policies' The Association mav ugo!l-,ar1d -:s.t1:I1|,,'y.r,tfisectlon v') AsDuercLrvtt r vrrv
submittal of ilaims, responsibility for
nondiscriminatory poticies anO procedures relating to-the I
. ^.,1^-+ rt o Aocmiqtinn ceftles claims fOfillllilfi I'5::"""i:ffi '#il'#ilffi "i:"'i'E'itetr'"f yTll"t'"Y::::l''::**S-'1"ideductibles' ano any otner rrtrtterD ur urc,rD:::"":":'-j-rt.",
:h loss or benefiting
damages to property, it
'tutt
havg the authoriJv,tf "::111slii:i:Y::IXT""T?:t" Association.ffi::il1#ffi:?storation au or any "q;'il;i";;rtion
oitf,e deductibles paidbv the Association'
section 9.6 Insurer obligation. To the extent the following is available' an insurer that has
issued an insurance policy for the insurance described in section 9.r shall issue certificates or memoranda
of insurance to the Association and, upon ,.qu*t, to any Owner or Mortgagee' To the extent reasonably
availabre, unress orherwise provided uv ,tui,i", tii" insuLr issuing ttre policy mav noj cancel or refuse to
renew it until thirty (30) days after notice oittr proposed canceli-ation o, nonrenewal has been mailed to
the Association and to """t owner uno rrrortgui".io whom a certificate or memorandum of insurance
t ur U..n issued at their respective last-known addresses'
Section 9.7 Repair and Replacement'
g.1.t Any portion of the property for which insurance is required under this Article
which is damaged or destroyed must be r"pnit"O ot rlplaced promptly by the Association unless:
The regime created by this Declaration is terminated;
Repair or replacement would be illegal under any state or local
statute or ordinance governing health or safety;
20
9.7.1.3 Sixty-seven percent (677o) of the Owners and all directly
adversery affected owners agree in writing';oito r.uuito and such decision is approved in writing by the
a"*rgn review board of the Master Association; or
9.7.1.4 Prior to the conveyance of any Unit to a Person other than
Declarant, the Mortgagee holding a deed of trust or mortgage on the damaged portion of the common
Area rightfulf, O"*unir "lt o, u slubstantial part of the insurance proceeds'
g.7.2 The cost of repair or replacement in excess of instrance proceeds and reseNes is
a common Expense. If the entire cbmmon ereu is not repaired or replaced' the insurance proceeds
attributable to the damaged common Area must be used to restore thi damaged area to a condition
compatible witfr tfre refiainder of the Project and except.lo the extent that other persons will be
distributees, the insurance proceeds m,.rt ue iistributed to ail the owners or Mortgagees, as their interests
*uV npp"* in proportion to the Sharing Ratios of all the Units'
Sectiong.8CommonExpenses.PremiumsforinsurancethattheAssociationacquiresand
other expenses connecte; *tth ".q"tti"g
tu"h insrtunce are Common Expenses'
Sectiong.gFidelitvlnsurance.FidelrtybondsshallbemaintainedbytheAssociationto
protect against dirhonestia oithe prrt o} its officers, Directors, trustees' and employees and on the part
of all others who handle or are ,rrpooriui" ror n*oring the funds belonging to or administered by the
Association in an amount not ress trran two (2) months'-crrrent AssessmJntJplus reseryes as calculated
from the then+urrent budget of the erro"iution- In addition, if responsibility for handling funds is
delegated to a Managing Agent, ,*h il;;;;tbe obtained for the irlanaging Agent and its officers,
employees unO ug.ni., is a:ppticaUte. a"y t.i1 fifelity coverage shall name the Association as an
obligee and such b;;;, .t ari fontain *ui*r, by the igsgels. of all iefenses based upon the exclusion of
persons serving *ii[ori compensation- to-'the definition of "employees," or similar terms or
expressions.
Sectiong.l0Worker,sComoensationhsurancg.TheExecutiveBoardshallobtainworker,s
compensationo,,i*il,yees,ifapplicable,intheamountsandforms
as may now or hereafter be required by law'
sectiong.lt other Insurance. The Association shall also maintain insurance to the ext€nt
reasonably available urd in ,u"h amounts u, ,t" Executive Board may deem appropriate on behalf of
Directors against any liability asryrte! dil; u oir".,o. or incurred uy trim in his capacity of or arising
out of his status as i Director. The B*rlutir" Board may obtain insuiance against such other risks of a
similar or dissimilar nature as it shall a."* uppropriate with respect to the Association's responsibilities
and duties.
Sectiong'l2Insuranceobtainedbyowners..lachownershallobtainandatalltimes
maintain physical damage and liability;d;r* f* *.h owner's benefit, at such owner's expense'
covering the full replacement yalug-9f the improvementl upon the.owner's unit (including those
improvements *ithil;h; Exterior Maintenance Area such ai the irrigation systems' driveways and
randscaping) and the common area or .o**on elements of the noject,-ry1ry1{ nronerty and personal
liability insurance in a limit of not less than One Million Dollars ($i,00O'000'00) with respect to bodily
injury or death ,o-* iful g-r persons arising out of one accident or disaster, or for damage to
property, and if higher limits^shall.at.any time be custornary to Protec! against tort liability such higher
limits shall ue carrieo. The Association shall be named an additional instfed and beneficiary under the
policy for any casualty or damage. t" tt,' Exterior Maintenance Area. To the extent the Exterior
Maintenance Area obtains physical oo*ug., ,h" o*n r shalr turn appricable insurance proceeds over to
2L
the Association to replace or repair the Exterior Maintenance Area, or the applicable insurance proceeds
shall be paid directry to the Association .o ,"pr".. "r
repair of the Exterior Maintenance Area. ln the
event the Association does not receive ,u.t pio..rds, thaAssociation shall repair or replace the Exterior
Maintenance Area and shall bill the applicabie owner(s) for its cost of repair or replacement'
In addition, an owner may obtain such other and additional insurance coverage ol the unit' the
Exterior Maintenance Area, Residence and the common area or common elements of the Project as swh
Owner in their sole discretion shall .on tuJ" to be desirable; provided' however' that none of such
insurance coverage obtained by the o*;;Lii operate to-.deciease the amount which the Executive
Board, on behalf of all owners, may ,"uiire ,na"i any policy maintained by the Executive Board or
otherwise affect any insurance .ou.*gr- outaineo ui itre Association or cause the diminution or
Ermination of that insurance coverage. ;;l;;*"e obtained by an pwnel shall include a provision
waiving the particular insuranc" .o*purryi ti,61 { subrogation against the Association and other
Owners, including Declarant, should b".f**iU" the Ownir of any Unit' No Owner shall obtain
separate insurance policies on the Common Area'
A, owners are required to maintain on file copies of alr such current policies with the Association to
evidence their obligaiions hereunder and to facilitate recovery of all appropriate awards or proceeds by
the Association.ARTICLE 10
ASSESSMENTS
section 10.1 Obligation. Each owner, including Declarant, by accepting a deed for a unit, is
deemed to covenant to pay to the Association:
10.1.1 the Annual Assessments imposed by the Executive Board as necessaq/ to meet
the common Expenses of maintenance, operation, and Tlan:gemen! of the common Area and the
Exterior Maintenanc"ettu and to perform the functions of the Associatiou
LO.l.z special Assessments for capital improvements and other purposes as stated in
this Declaration; and
10.1.3 Default Assessments which may be assessed against a unit for the owner's
failure to perform an obligation under the Association Documents or because the Association has incurred
* "ip"nr"
on behalf of the owner under the Association Documents.
No owner may waive or otherwise escape personal liability for the paymentof the Assessments provided
for in this Declaration Lv ,ot using the bo*Inon Area or ihe facilities contained in the common Area or
by abandoning or teasing his Unii. Pursuant to the Master Association Documents' the Association is
empowered and authorizJd, and upon tt e request 9f th9 Master Association shall be required, to levy and
co[ect from owne* oi unit* within the Association the assessments owing to the Master Association as
part of the Association,s own assessment procedures and to promptly remitiuch assessrnents collected by
the Association to the Master Association. ln the event th;t su.h *."tt*tnts collected and remitted to
the Master Association by the Association are less than the entirety of the assessnrcnts owed by the
owners as a result of the failure of any of such owners to pay such assessments to the Association' the
Association is required to provide a written statement of- such delinquent owners to the Master
Association.on.urrtn,ty with submission of the assessments to the Master Association'
Section 10.2 pumose of Assessments. The Assessments shall be used exclusively to promote
the health, safety und *Jffi of the ownffia occupants of the Project, and for the improvement and
22
maintenance of the common Area and the Exterior Maintenance Area, and other areas of Association
responsibility ,"r.rriio n"i"inras more fully set forth in this Article below'
Sectionl0.3Budget.Withinrrinety(90)days.f"Ift"adoptionof.anyproposedbudgetfor
the Associarion, the g*ffi Board ,nJ'iri*ii,bv oroinary*fir;i;fi* mail, or otherwise deliver a
summary of the budget ro all owners *ilh"il; u drt roi.'rn LG of the owners to consider the
budget. su"r, *..r?le:l;ii ;1;i, *iririr'"'r."r"""ute time JiLt t'iuing or other delivery of the
summary, o. u, prouif,"o in tt. nyrawsJit" gi".utiu, nourorto-[ giu" nitice to the owners of +"
meeting as allowed ;;;i"-A" Byravl. rn" U'Og"i proposed bv the Executive Board does not lequre
approval ftom the O*""* *O it"*itt U" O"'*Jippi*iO UV tf'l d;; in the absence of a veto at the
noticed meeting by more than seventy OOE")of ati O*ne" ii ttt" t'*' that the proposed budget is
vetoed, the periodic budget llst groposed il lh+l;*:-*f *o no' vetoed by the owners must be
continued unt, a subsequent budget p-poio uv eg s*".uti,Ji:ttSil-lt:::t-t lJ.*iflIJtlhll!
Executive Board th.lll;;t and-assess-the Association's annual Assessments rn
annual budget-
Sectionl0.4AnnualAssessments.AnnualAssessmentsforCommonExpensesmadeshallbe
based upon the rstimateffi#;tffi*r-ril*o shall from time to time determine to
be paid by alt "f ,n" O*r"*, suU;Lct ,o S"f,itJOi uUor". n-ii,o"t"O Common Exnenses shall include'
buishall not be limited to, the tost or ioutine maintenun""'*i*op";; of the'common Area and
Exterior Maintenance Area; expenses of-niunog"rn"*;.insurance premiums for insurance coverage as
deemed desirable or necessary by-the err*i"i""r runor.upiigi"r",n" co*on Area and the Exterior
Maintenance Area; care of ground: *i'liitt'" c"rnmon At";;; B*tttiot Maintenance Area; routine
repairs and renovations witrrln the common ;." r"o rxterior Maintenance fuea; wases; common water
and ut,ity charges loi tt, co,n** er"nlno-eit"rior Maintenance Area and commoi water charges for
all Units; legal and accounting fees;-r.*"g.*.n fr".; ''i'p"n-*. l'0. liabilities incurred by'the
Association unO* oI UV ,"u.o. -ot tfris Declarition; payment oi uny default remaining from a prevlous
assessment p"rioo,ol#rff".1""i#'"r?r.rro.uui" .lnting*.y or ottrer.r.":"T" or surplus tund for
general, routine mainrenance, repairs, d6;;;.*,.o1 i,ipi"i'""""s within the common Area and
Exterior tvtaintenance Area on a period;ili;, ;needed. r'n" err*iation is emoowered to pledge its
Annual Assessments or any other of io i"."J"Lies as collater;it;G onv rountrl or other obligations
of the Association'
SectionlO.5DueDatgsforAssessmgntPayments.Unlessotherwisedeterminedbythe
ExecutiveBoard,theAnnualR,,",,ffi.a''"'.*'*swhicharetobepaidin
installments shall be paid monthly * d;;;ly (*;.4.t . ,,Jtv ittt E*ttuttopgaro from time to time)
in advance and shall'be due and puvuui" io-lire erso"iution it ilr-oince or as the Executive Board may
otherwise direct in any Management Agreement, withou, n.,i". r*ept !9r the notices required by this
Articte t0), on the first day of .".n ,n5iilH,*;;. If'il;;instattment shall not be paid within
fifteen (r5) days after ir shiu have u"."-" J*" Ind payabr",'it." in uJoi ion to the remedies set forth in
section 10.10, the Executive Board *uv u*.rr. a ..laie ttrurge;;-ol the insta,ment in an amount of fifteen
percenr (tsvo)"r'fi;-;;;rni*ronoinJ"ill"ln "iil*L';;tt'' rry1','11.Board mav rix bv rule
from time to ume as provided in th";yi;*r l"^ cover the-extra expenses invorved in handling such
delinquent nr..rrlrnt'installment. An owne''s As'es'm# ti"iiut pi"rated i'f the ownership of a Unit
cornmences or terminates on a aav otrrer than the first day or last day, respectivery, of a month, quarter' or
other aPPlicable PaYment Period'
Section 10.6 Each Owner shall be responsible for
thatowner,sshareoftheCommonr*ffid"d;.""gtheUnitsonthebasisofthe
3'iarl"g n"ios in effect on the date of assessment'
23
Section 10'? Special A$sessme-nts' In additio" lT Annual Assessments authorized by this
Articre, the Association ilay levy.in any. fircal year one or more ip..i"r A,sses.slenls' payable over such
ffi l"*#.,ff "t,,f
'$:#dl',**::#It":trJ;1i.1'*:*t'i$ff #J[3;,:'l}i,.:r',;:
co,n,oon Area or Exterior Maintenanc, ii.n or f& u"v ",r,#
r*p""r" incurrea or to be incurred as
provided in this o"1ru*,ion. Any u.o*,r....Lsseo nurs11t,," ,t ir-i..rion shall be assessed to owners
in the same propoftlon as provided for Annual AsseJsments in section 10.6, subject to the requirenrnts
rhar any extraordinary maintenanc", *r-u1!il;;.;,i", *orr"Ji-rJ*"r ,tt* at ot ttr" units shall be
borne by the o*n"rlroifior.';ff,..,;'urlr. ""rvt
and any "itroorainoy
insurance costs incurred as a
result of the value J"-;;;ui o*n"r', il"ria"'*" or thi ""rtnr oiu purtirutur owner (or his agents'
servanrs, guests, *"*r:;ffift;; i!;{
^Ju"*" uv ,r,u, o*nr..
-sp'"iotersessrnents shall be based
on a budget ooop*iin rJ.oro*." *irr, il;;. 10.3 above piorio"J rrr",, if necessary' the Association
ffi ;;i;"*r*'s;:#ii'#;:id*ffiitisfii:*:'il1';:::rl*:nm'I$fi #
writing of the amorx
sha, be given promptly.to the owners, #ilffi; stu'i ilr:6r than thirty (30) days after such
notice shall have been given'
Section 10.g Default Assessments. All monetary fines assessed against an owner pursuant to
the Association Documenrs, or any "*p"ffi'oi*";;.;;fti";*ni"rr
is thJobligation of an Owner or
which is incurred by the Association o., u"t at of the owne, prJ;* it "
e*t*'-ttion Documents' shall
be a Default Assessment and shall u"*rn!'riil" "g"ir.,.u"^ntil.r;r
uri, wlrigh mav be foreclosed or
otherwise collected as provided^in tr,i._ri".rr"tl"n] Notice "f-rh"';;;t and d]r: aaie or such Default
Assessment sha' be ,ent to the owne*uui* io ,u.n er.e.rme"niu, it"titr"tty (30) days prior to the due
date.
secrion 10.e Lien roq As$essmenrs T*11-.*l'-iff1il|:*"*t;*ltffir[:1',,ll'#:ll:
xli'#$:lJ,'."J,fi#Hil:I'l;:"'$:,'ffiiix"'*'+lil',15;#';;s,
incruding iJgoio'.i.tonts' fees'
which may arise unoer thJ provisiorr;ft;;'i"' 10'10 u"r"*iin'ri u" t*0"* running with' and a
oeroerual lien in r*"i "r thi Associat# ffi; ,le ipecitictiii i"-*ttd, such Assessments apply in
u.*roun " wittr section 3g-33.3-316. or"tt ""f"t. To furttrer "uJ"n""
such lien upon a specific unit' the
Association ,nuy, nu, sha, nor ue ourigatei-;;;d;" n *rittrn'ri"n noiice settingforth the description of
the unit, the amount of Assessmeno oi'it"'rjnii *puid "r;lil; oui" or .u"[ li"n notice, the rate of
default interesr as ser by the lvraws # i;;,t", i0 r0 u"r"*,it. ""n," of ,t"o*ner or owners of the
unit, and any and uu orir., information'irur r-t. ar.ociation ffilil-&t fy such lien notice shall
be signed uy n r"iod, oi ri* g*"*tir" eo** an officer ofii,' Associaiion' ot i Munuging Agent and
sha, be recordedlnit" offi." of the cr#.J n."oror. "f d.rfi;lt-oun y,-Cororado. Any such lien
notice shalt not conrtitute a condition;il#;;t.9;ry.t" "*t"n"nt
of tn" lien' but such lien is a
perpetual ri"n upoi, ti" tJrit *o auachel-without notice " *;;;;;Gor tnt first day of any period for
'*tti.tt any Assessment is levied'
orrr.r,,i"rT,'
' r'11v''1T::l' special' "t "*"H
becomeso,,"a.oi"v"ure,,r",T:ryr;ffi;"-.r-lffiiiliq#-'*H:i:oi#,*ffi li*#i"
[,li:*"r,lf::[,,],**::,'.'&,,t':H{ttqffi;;;;; ih. d-;:iry un'ii ou'" or pavqent'
(ii) the essociation may deglare. gr: ;[iy.urg a, unpaiimonthly or-quarrerlv installments of ttrc
Annuar Assessment o, ony sregiaf arG,Li,t ott"r*ire,ii" i*irJinr risca uear during which such
default @curred, (iii) the Association,"yit"r..r,", uring J-ultio*niii;* or in equity, or borh, against
any owner personatiy obrigated ,, p.v'rn" ,"*i and (iv-) the, Association may proceed to foreclose its
24
rien against the particular unit in the manner and form provided by colorado raw for foreclosure of real
estate mortgages.
An action at law or in equity by the Association against an owner to recover a money judgment
for unpaid Assessments.(or any instaffLeliitr-ereo, may Ue to""n""J and pursued by the Association
without foreclosing or in any *ny.*"ining';; littdatr:--1':Gn for the Assessments' If any such
Assessment tor inst rirr*ititlr.ori i. not i'i[V paid w!e1 Out *i:ii the Association commences such an
action (or countercro'i'm.- o, cross-claims r"i'.ir"tr rerief in anj-actiony against any owner personally
obligated to pay *rr'rui", or nrocggas. t iorr.ror" its lien .sli".i,hr pirticutar unit, then alt unpaid
installments of Annual and special-er*rr*"ir, ^,to ", #l'rt-R'i"'"n's (including any such
i",[ir,,.o,.o,e,*il,ii''i'ing*.fJ:"liTi"*T*]..l;:::l;llHlff,J.ltrIif
":i;f*X*rirc:l5f;;*::?1.',?i,"X,hi; "*i,,v,;r*'11,.i,0i"e
r.ear o"istant' rees) incurred ror
any such action and/or'foreclosure pro.""oin-g'-;dl k t*to uit";;;* part of the costs of any such
action or forecrosure proceeding,,no.tuti'il3 *"'"r"*ui" [v,ri.rl**ir,ion'from anv owner personally
oblisated ,o pay tt"".nm. *i fro,,, ,r,"'p-.*0. iro* trr" i"r*r.-..* sale of the particular unit in
.uiiJf*tion oi the Association' s lien'
Foreclosureorattemptedforeclosureuvt!"Associationofitslienshallnotbedeemedtostopor
otherwise preclude ,r,, e.-,ii"ron fro.*a'gui1-ror".1".ing:; ottttnpting to foreclose its lien for any
subsequent Rrr"r.rn"nts (or installmeno it"i"oo which ur" rroift ity p"io in* at'" or for any subsequent
Default Assessments. The Association shan have the power ffiuhtt bid in or purchase any unit at
foreclosure or other regal sale and tg. n"^qii* *o hofd, lease, o, ,iongng" the unit' and to convey or
otherwise deal wittr the"Unit acquired in such proceedings'
First Mortgagees shall be entitled ro cure any delinquency gf tlg oyl"i"llunit encumbered by
the First Mortgage fi6; payment or.essessments. In that "u"nr,
the First Mongagee shall be entitled to
obtain a release fr;il" i# imposed or perfected by reason of such delinquency'
Section 10.11 Successor,s LiAbility for Assessrneols. Notwithstanding the personal obligation
ofeachownerofaUnittopaya!laffiit'".anotwithstandinetheAssociation's
oemetuar lien upon a unit for such Assessments, all succes#'il ir,"r"u to the fee silmple title of a unit'
Lxclpt as provided'; il;; iO.tz ono
"s..11""
ro.ra uetow, Itruii u".ioin rv and severa,v liable with the
prior owne, o, o*n"" oi
't'"
U'it fJ;;;";;.ll :lfll-estestments'
interest' late charges' costs'
expenses, and attorneys, fees against such Unit, without prejudice to any such successor's right to recover
from any prior owner any amgunt, puiJit"r"on uy sucrr successor. However, such successor in interest
sha, be entitred to rely upon the "xirtenc"-anostatus
of *puia ar."ssments, interest, late charges' costs'
expenses, and attorney.'
-f"", u, ,t o*n'i,i"" "tv ."ni1""; 5t'"J by or on behalf of the Association to
such named ,u.cer.oi in interest p*ruuni'a ift" itouitions of section 10' 13 below'
Assessments. By u.."!tun , "1 ttl-Ed "' "th*-tttni*ilt of tt*tfo of a Unit' each Owner
irrevocably waives the tromesteoo "*rffi;;1+t by P;;Attiti" +t', Title 38' Colorado Revised
Shtutes, as amended. The Association;Ip"rpltual lien on n unii for Assessments shall be superior to all
oito ti"n, and encumbrances except the following:
lo.lz.lRealpropertyadvaloremtaxesand,p"".*llyssrrrelll.iensdulyimposedbya
cororado govenrmental or pofitical ,uuJiuiri* o, speciar,u*i,ig oiroict, or any other liens made superior
bY statute;
25
|o.l2.2Totheextentpermittedunderthe4:tifertakingintoaccountthesuperiorityof
a certain amount of assessment liens p"r*#; o, J""ri"1.la13:;;Gi',' the A:t' the lien of anv First
Mortgage, inctuaing a;v and all advances t"a" ov ttt" rit" vr"ne"et" *JnyrllX*g':tllilttlJ""::
such advances may aJ;;;de subsequent to the date of the a$acnment ot urE
and
lL'123Any lien created by the Master Declaration'
With respect to the foregoinq yboart |o.|2.2,to the extent permitted under the Act, any First
Mortgagee *r,o u.qoi[. il;;; u"i oiilrir" "ii"*"i"ri"g
the First Mortgage or bv virtue of a deed
or assignment in fi"utir,r"t, a torectorure,;; "ty
p"'cP*r itl fotofotut"iot" of the First Mortgage'
w*r take the unit free of any claims 1.", *n.ia'e'T*i"ri* e.r.rrronts' interest, late charges' costs'
irrilffi;Tiffi1*iiff.rilf ffi Hlk*:rq:Lrn.Ei'ffi .Fl*':'xiJft'ffi
assessed to all units * o co*on e*p"n.Jrl ,ilt'oitt"tion of the Executive Board'
Allotherpersonsnotholdingliensdescribed.inSectionl0.l2aboveandobtainingalien
or encumbrance on any unit 4t".1rhr r";;fit;; o1trri. p""rurution ,tott ur d""ryd to consent that any
such lien o, "n
.r*bior.e shall u" ,"u"Jri* *a inr"riulr';;;; Association's fufi,e liens for
Assessments, interest, lare charges, .o*rllitnl"*, *9 "#r"' il;1 ry"ryd in this Article 10'
whether or no*o.t, .orrrrnt is specifi;ili; iorttr in it"'in"**"nt creating any such lien or
encumbrance.
AsaleorothertransferofanyUnit,includingbutnotlimitedtoaforeclosuresale,except
as provided in s".'ii-rorif;t;;" #'"1;:r;;'er*td"JF;";;i." 10'13 below' shall not affect the
Association,s lien on such unit for er.J.*#rt., int"r".t, lare charges, costs' €xpenses' and attorneys'
fees due and owing prior to the.time ,";';;;;;r;.!"ert-r_"1firr-"J"r-t"ltnot affect rhe personal liability
of each owner wtro stratt have been r.rpoi.iut" tor trre-paym"nitrr"r"or. Further,.no such sale or transter
shall relieve tt" p*.tu.er or rransfe*" ""i. uri, ir"*ii"iirjrv;;;,; the unit from the lien of' anY
ett".-r""s madi after the sale or transfer'
Sectionl0.l3Statementof$tatusofAs$ess,-menI-s.Uponfourteen(14)calendardayswritten
request (furnishedi, tt "
r"rpon.'. t such request) to a Managing Agent'
the Executive Board, or the lssociationt registered ug"nt unj povrn"* gr a reasonable fee set from time
ro time by rhe niec.,tiue Board, *y b;;;;, prorp"itir" pirrliiur"t of a Unit' or Mortgagee shall be
furnished, by personal delivery o, uy ..iinJ,rinii, iirr, .11yi p*i"g" prepaia, rerurn receipt requested' to
the inquiring parry (in which,ev3nt the #;;ffiinjrn", u""Jr"#.0",t" date of detivery) a statement of
the Owner's account setting tbrth:
l0.l3.1Theamountofanyw|o1s''ssments,interest,latecharges,costs,expenses'
and attorneys' fees then existing against a particular untr;
|o.|3.2TheamountoftheculTentinstallmentsoftheAnnualAssessmentandthedate
that ttre next installment is due and payable;
10.13.3 The date of the payment of any installments of any special Assessments then
existing against the Unit; and
10.r3.4 Any other information deemed proper by the Association.
26
upon the issuance of such a certificate signld by a. member of the Executive-Board' by an officer
of the Association, or by a Managing Ag.;,#t"f"rmation .on ui*o therein shall be conclusive upon
the Association as to the person or.r"111. to *tom 'utt' t"*inJui"lt oaat"t"d and who rely on the
certificate in good raitrr.
-tintes,
,u"h-" t;;;;;ttatus 9f A;;;;s is delivered as described above
within said fourtee" ii+l calendar ouv p"rioiltii" nsro"iotiorr rirlu t uve no right to assert a priority lien
upon the unit over,#ililffi*i,, lrr"IJrii"i *p.io err"r**"nts which-were due as of the date of
the request.
ARTICLE 11
ASSOCIATION AS ATTORNEY'IN-FACT
Eachownerherebyirrevocablyappointstrre{s1.c.{nastheowner'strueandlawfulattomey.
in_fact for the p,rrpd; of dealing *ith *y improvements covered by insurance. yritten in the narne of
the Association p**,iunidArtd" 9 "p.. trrri, ourug" o, o"-rtru"ti'* as provided in Article 12' or a
complete or partiar #i;;-;. ;;o"o ii, e.iLre ii u"io*. e.."ptu*" by i grantee of a deed or other
instrument or.on "fnil";;; r,y o*,er inffi"-nt;".1r:r:11',s-;il;;t t1I ngoertv shall constitute
:,ry#l'*T:.,:1ff ffi si::l":#tT#ff {:"ffi l#.*;''#*'ff "*m:*'"'::r#:'i}
other instnrment with respect to ttre interelilffi o;;, *t i.t, inuv be necessary to exercise the powers
;;d,;,ht Association as attomey-in-fact'
ARTICLE 12
DAMAGE OR DFSTRUCTION
section r2.1 The Role ofJhp Executive-Board. !,xceut
as providedjn section 12'6' in the
event of damage to o, o6-.tion of affir1-%T1-ryo*n Area improv-em.ent or other property
covered by insurance written in the nu*"-or'G Association ;il";-A"i"le^g, the Executive Board shall
arange for and supervise the proqp! rynir"#*r[*iio" o1tli" ou*og"o prgne.ny (the property insured
by the Association p*ro*t to Arti"te q i, ."r""ril", referred i, ".itr
;e.*"iution-tnsured Property")'
Sectionl2.2Estimateof-DamagesoJ.Des-Euglign.Assoon-aspracticableafteranevent
causing damage .o-o, o" socia:tion-rnsured property, the Executive Board
sha*, unless such damage or destructiJn'shalt be minor, obtain an estimate or estimates that it deems
reliable ano.omprl["Jiin
-.ou,
"f ,.p"i;;&;;;fi;il';i"puir and reconstruction" as used in
this Article sha, mean restoring rh. ;;d;d -or destroyJ i*p'o'ements 'to
substantially the same
condition in which they existed prior to tf," Ou'nog" o' fti"i"iion' Such- costs may also include
professionat fees and prlmiums fo, .ucrloJ' u' thJE*";;;;;;; or the lnsurance Trustee' if any'
determines to be necessary'
Sectionl2.3Repairand,Regonstruction.|ssrynaspracticalafterthe-damageoccursandany
required".ti*ut"l.-nuu,ffiation"t,aiioitilenuypursue.tocomp1etiontherepair
and reconstruc,io, oi,rr" damaged ", alro"r"o er.o"iution;;;; ilperty' As attomey-in-fact for the
owners, the Association may ,ut pv *o ott n"....*y-orffi;;ri;i"'action to effect repair and
reconstruction of any damage to the orJ#;;-'r;r-rJFi"p"rtv, ina ng corer or other action by any
owner sha, be necessary. errr.r*"ni.';iihr;;*iutioi-ril* not be abated during the period of
insurance aO;ustm"ntt ani repair and reconstruction'
section r2.4 ,IT,:;ffi'ff#;JrlJJ.r:,i'i#fi:;l
from any hazard insurance canied by t
*Jt".6**ttion of the Association-trnsured Propeny'
27
If the proceeds of the Association,s insurance are insufficient to pay the-estimated or actual cost
of such repair, *p,"."*Iri,;;;r.*"rr""""iil'p"" to*pttii#"itti;*"* the insurance proceeds
for the payment or.u.i'i'ori *";rrrn.i#il"'i;iociation-mav'-'uttuont to Section 10'7' levy' assess'
and conect in advance ftom the owners, #i;;; trre necessity #;"r".t;i'""ir "r
the owners' a Special
Assessment sufficient to provide r.:*.,:-;;;;;;-il"d'*"t*lit"tt' oittpuit and reconstruction'
Further levies *u, * #0" in a ri*" ma;;'r if the amounts."ril"[i pi""r i"r.intient to complete the
r"iJ, *pr."enrcnt, or reconstruction'
Section 12'5 D'sbursement of Fundsfor'Rgpair:?1d Recgll:ryctiol -[e insurance proceeds
herd by the Association;E--tn" u*our,il *,r'" ffiuia.-r a..rrsm€nts orovided for above
constitute a fund r", ,t" paym:nt ot tt.".olii'; ,rpri; *o irfJ"r*.",i"Jn'ut"r."asuattv' It shall be
deemed that the Rrsf money irisp,lseg inpffint for'the.o.o o.r-i"puir *g**tPttion shall b" Pd"
from insuranc" pro"""J* ino,t" uur*..'iJorlrrr"ip"ra err..r"oo' If thgqlt a balance renrarnmg
after payment or ou"Jrtr"'r"'.'".t *pui, iJ i""#r*"ri"r,-*#i"r"*" *'u, be distributed to the
owners in proportron;ih" contribution*.ui't 6*n"r made as ip".i"r e.."s,s1enrs, then in equal shares
per Unit, first to ,O"'nn"ng.g*. *O tt
"n
to G O*n"rs, as their interests appear'
section 12.6 DecisioqNgt to Rebuild eommog.agea. If owners representing at least sixty-
sevenpercent(67%)9f.h",,:l"1{r1ffi*'e,,ffiiJnil;idire1rvadverselyaffected
owners agree in writing not to- repair oriJ r.ront*t i*p'oi"il"o:o;tthit the common Area (except
with respec,, ,rr"-ioio.l and.if no arternative irnp-n91r,rnir""ir-""it'"rizn'!' and if such decision is
approved in writins';;t! d"rrg" *ri"'J#"rA;ith" Y"# Itto"iution and in that event the
damaged property :h# il;#;d i, i.';;;i state ano;"i";;;J;t anundeveloped portion of the
common Area by irr" arro"intion in o n J-unJ attractive ""Ji,i""r;;"'id"d'
however' in the event such
decision is made ourirg the Declara", iJr""ip"""J tas oerinJ;"'G Bylals),.the same shall require
the approvar or tneiecjarant. tn ,r," .""i, ili" n""0, "i o".rgro' ,r," n"iJ*fl be repaired or rebuilt;
orovided, however, the Associarior, *oy uiri;n" "oniir"qre
o*"ne(s) for the-rep3ir or replacement oi the
drir.*ny, ,o tt " "*t"it
tn, er.o"iotal.d; nJ i""in" int*unt" fioceeds forlhe same' Any remamrng
insurance pr*t'O' **t';ru;-itttlbuteO in accordance with the Act'
Sectionl2.TRepairs.Allrepairs,!.:"oTT.tioncontempl{e!bvthisArticleshallbe
performed suustaniiatty il..-*o-.. *iit, ini, Declaration,;;h,;i tn" noi""i and the original plans
and specifications'iJr-G k:j":! rd"*;rh* action it "ppt;o ;; ;h" A;t"ciation in accordance with
the requiremeno oi rt i, oecliration and the other Association Documents'
Section 12'8 Notice of Drnae!'or DestP!1io1'^'I *" event that any portion of the Project is
substantia,y damaged or oesgovf -9i"re
or "trre,
.uruJti:rryl *:'s-l notice of the damage or
destruction sha[ bJ given by tn" e"roliuth;; il 6*r* lro First Mortgagee of the affected units
within u rruronubiJti*" rotto*ing the event of casualty damage'
ARTICLE 13
CONDEMNATION
Sectionl3.lRightsof9wnqrs.wh.TYl:,.1.:anyP{of.h.'ColmonAreashallbetaken
by any *ttority-rr*i"g6ffir "or6*ation
or "*io""t
iori,oin or whenever all or any part of the
common Area rs convlyed in lieu fi;ffi uno", ,*."'" "T'*no"*nntion.by
the Executive Board
acting u, uuorn r],i;i# ior all o*"*.*r.iz, i*t u.tioit;;';;y "1't1',"tiw
having the qoyel of
condemnation oii,rJn"nt domain, "#'"&#ilir;"r,rri;i;;;"d
of the.talins or conveving' The
Association ,t uit uJ r. attomey-in-fact for alr owners i" ii.-pro...Jings incident to the condemnation
ii;:eiiil unless otherwise prohibited bv law'
28
The award made
section 13'2 whom use of the
s:#"*#iH"r '*"x""#"afi;x;;isbuned
as follows:
IfthetakinginvolvesapoftlgloftheCommon.Areaonwhichimprovementshavebeen
constructed, ,r,rn, *irllffi; ;,-[i (6o, d"y. ;r; r;;t
"r.irg
iltti'*i and owners who represent at
least sixty-seu"n p"r.rn (677o)of thg ,",":?ifi'"i;; bf"d il;i;tfii;t agree and such decision
shau be approved in *ritine uy tr," o.11rl"*; il; "f p" ffi;;;;irrt"i gt Association shall
restore or reptace *,r.r, irnpiou.*gnt .d;;di#rysffiiil;;J* g'; common Area to the
extent lands are avariabrofor such restorai'iln or r"ptu.e*"" r. "*"r0"*" *itt' pttnt approved by the
Executive Board. If such improvementr;;;;;6i1ed o1*ilil;,h;liovisions in Article 12 above
reearding trre oisuursemlni or n'na' F *:n".. IJ iffi1119d;:I1i:-H*L-[:l'ti'l",fTtt?^fl
t'#,#Jk 5ff,ffi:"ri*:*:";]T'ffiI"'*:'ffqfi i"*inine ory1 a"v 'i"t' restoration or
reptacement i, .ornir"iJO then such t#i;;;' tu1d-jntii;il;b"*d in equal shares per Unit
among the owners, ffJ;;;-il;;;sd;i,i"" ,o tr" Owners' as their interests appear'
Section 13.3 Compleq Condemndion' tr:ll 1f''1|r"
Propert-y is 11keL'condemned'
sold' or
otherwise disposed or iiffir o, inffi*." or .onoeinil;: ,i"" the. regime created by this
Declaration sna, teriinaie,*,n: p"rri*-"it"lono"-nuti;;ft;*butableL the common Area
shall be distributed " pi""iO"a in Section 12'5 above'
Section 13'4 Notice of Qondemnation I" t|"f:nt that any portiol of the Project shall be
made the subject matterif-arry cond"*ffi-*, "minent
0".r1" pr"*:tiii,or 1 otrrerwise sought to be
acquired uv n.on#.lrirg ",i,t*rrv, q#l#;;;it* ,,otiit o'r-tu"tt coidemnation shall be given by
the Association to each Owt"t and First Mortgagee'
ARTICLE 14
INTENTIONALLY OMITTED
ARTICLE 15
USE RESTRICTIONS
Sectionl5.lUseofUnits.AllUnitsshallbeusedfordwetling""ol"Hili,ffi[:}[,'.s
f*ffi Xl_;;i',,l}Jmffi ITJffi:i.Jf ;j'#:#'#l*.11"ff T'iiabe,eased,reryed
and used for homl^occupations onlv to ;";;;;;;;it"o uv'"p"pil*ui; i#is^:tdes' Notwithstanding
the foregoine, u.],llJffi, i;;;;i"r;;;ii;J uy o".ror#,"-u'v u" used as a sares office, manasement
office, renhl management office, uor"lr'i,r.,ity,'unolo, such otirer uses as may be permitted under the
Act.
section 15.2 Dogs. pursuant to conditions imposed on the project by Garfield county'
colorado, no *o['-'t'nn il"=-oog may be kept on any Lot'
Section 15'3 Conveyancq of Units" tll Y"tllwhether
or not the instrument of conveyance or
assignment*nori-iJr"'tffi P'f -'1,^ttli::";1iii';'trf b::Txxl?;;:;:'ff 'ffi
easements, a"r"*n i-*t' rights-of-way' and other provtstot
;il;.r*nded from time to time'
29
Association.
:rff 'ri[*tilffif 'ff;'#ri"t#:s,,t'ffi riffi Ntl."#:iJ,xli1"ti{ifi
u,a:iruilt':':x:ury,;.l'.-i:*llfift *ffr;1#rn.;s"'*:l* :l:l:llrffil lfrr"r"i"r ihe Association' Nothing shau De artut"r t,,'' vv.s$----- 'tten approval of the
Common Area or tne nirerior Maintenanc;d.;y any Owner without the prior wrt'
There shall be no
Nothing shall
Section 15'5 ould result in the
ffiff;lif :r,,;:**l**",',",*'r*Unffihl'#ll"#il;;;!ntnerateortheinsurance
on all or any part or tt" noj"ct over ltatPtf,J i.#ild1'au*,,"i*tt' activiry' wo,ld pay' without the
orior written oppronii-oi til', err*iuti"". "'Niii"e;t"ri'u" 9l"rl * l;d in any unit or in or on the
.cor*on
,qrea wtricfi;;ff;i; ,i"r",il*"ir"f ,o*ir, #;;il;r;,'Ljuirtion' permit' or other
imoosed requirement-"; *y g"y..p*:yl"il"dyil'"ilFti#;;;;t tn" nop"1w' No damage to or
waste of the common area stratt u" "o*.irt"ity any-dwner, llt** r**i.i "r
rrn owner's family'
r"iJ,ffi
,ff31i,::ffi"fl #r;;::r**rm*l,ii#Jri:.*t"l't*'#i#i"ffif's'
waste caused by hinu'thl;;;;. "t ti-iril-iin ", $ *"* i"*"o'-i*ti"tt'-:1contract pt*chasers'
Failure to so inde#'rv '*'.r.
b?
-"
g:f:yi i/i*1 o*"t1 yOtt thit's"ttion'- an! such amount to be
indemnified strau auionr,atically become ;b;f"rrr err.rr*n'ili"tnlo *J r"'i"a against such unit'
At its own initiatiur-L, upoo ,r,, y"nii ,Iq*ti "r *v o*,,"li"u'nffi tht Association determines that
turther action by rhe Association rlry:fl):[#'ilil;;'ilJit'r""" tr'" roregoing indemnitv as a
ffilit,t##;;;;*vided in Articre 10 above'
Section15.6Restrictiono.n-signs.ExceptasotherwiseprovidedinSectionl5.T,nosignsor
advertising devices ot ur,.,, t" .*;rff;'*"i;"tu0 Jr"#i"uri*i* 9y*"n Area' in such
amalrnerastobet;':lil#;;-"w"ttt"'u"iiortrreCo,n,non'f'"""*t"ptsignsapprovedbythe
Executive Board, political signs, signs ,"q,iirli iv "onu."r:
r"*'* i"e"i proceediles' signs which are
reouired by law ," i" ","ri"a,
iointiri.lffiJiiri'ior lrg*fiio'.3rri*.tl"n
(is approved by the
Exlcutive Board), temporary signs-ro "uui#;r";;* or.oung"r-or the Association signs necessary or
desirabre to give airril"rJ oi-uorir" "ffi; or ,"gutatioir.
"i'.rr"lr"d signs shall be subject to
,""t*.ir" *fuUtionuy the Executive Board'
section l 5 7 ry'ffi::l?l:[,T Si',#iJE:i:i:[*'T"TH{]:i
,o q11'1niG)*:.:""ffi,l1x#::'t1l|,Hx;il"rv Jii;;;&;nts' of.temporary structures'
"r iiu the erection :: Tli*::":]f"lJ^3'", convenient ,o ,n" #".ilpr"1[ yttltls or sale of propertv
iiuii"i., improvements or signs necessary
within Ironbridge piL*o -unit Devel"&;;er"ra"o, rro*"i"i,ir'" Declarant siall compty with all
applicable laws in tnJtxtitit" of tn" rights in this Section'
orHER *38llilfo'I *n""'*
Sectionl6'lMaster4ssTi'atignMatte{:E"t}--9'*ner'byaccepting"adeedtoaUnit'
recognizesthat-(a) ,1.. iHil:il3J:}"tlJff:,i",1li
"*"E
rttip of a Unit' he has become a melq
rutes and regulations;iil-,;;,;-ery*irrrn' and (d) p"'uuni'-o-'t" rnrnt"t Association Documents'
ui o*n", i* ^ q,.,"#i "i,,["1n"* .":?k lk#ltil T;*.tl,x#tiip,T1x"H:j:fi
hlx*'-r:lx',ffi ,,*i:$:":H::T."i,I;i#x[r#;xxt*l;rmcresorincorpora'[ion
and byraws of the rrr.I"r'er.".io,ion. r,urt'o*n"r agrees ," pJ,frr, "ir
oit i. obligations as a member
30
of the Master Association as rhey may from time to time exist, including, b*:"t,1],T]ltd to' the obligation
to pay annual, ,p".ior, una default urr"r.r.ni.;;;i;J unottit'" vtiiter Association Documents'
Section 16'2 Enforcement of Master Association Documents'
16.2.1The Association shall have the,power, subject:" 9::.lt""y power of the
executive board or tr," il;#A**irti";, ;; ,Jor." tte conenaot and restrictions contained in the
Master Association;;;;il-, but only as saia.onrn*o-uni-*rlorctions relate to the Project' and to
collect regular, .p""iar uno default or*.rrlno*oi llttari or trt" Master Association'
|6.2.2ThisDeclarationisintendedtosupplementtheMasterAssociationDocumentsas
they apply to,r," mop"rry, E uld,,rl" d,ffi*" ourigaiions'ivil;;;'ftryq ot imposed upon the
Association pursuant^to tiris Declarati", ;;ilr;id.i-*a nvi"*;,;; tr*iation shart be subject to
all of the obligati#'iirrporro upon it ptiJaniro the {aster irso.iution Documents' The Association
and all commiuees",n"rili"-nrlu;"r."'u" -Iil;6 {l'Yry'ti* "t* a1d pow-ers which have been
conferred upon the M;;t* Association p*,;;a to the Maste, erro"i-otio. Documents' The Association
shall take no o.tio' in J"rogution "r
tt" ,ie*iilJ, o,.ont ory afrrir[r*o of ttre Master Association'
Section 16'3 ArchitecttralControl'
16.3.lNoResidenceshallbeconstructedonaLot,andnoexteriororstrucfiraladdition
to or change or uti"rotion to any unit f,ncr"gi'g tr'" t-o1t"it-"i"' ;i;;t additional skvlight' window'
awning, or door), ffA;;;'A."o, tr," i"iguttn .svsteT"
il;;;;;"; \lfnlenance Area shall be
made, in each case;ntil (a) the pr*r.ui-o .f.in*ti6n. ,t"*ireii" ..'*"' tir{' shape' height' color'
ma@rials, una rocotiJn orin" ,u*e sn",'i1"5;;;il*o i" riirpproved in writingis to harmony of
exrcrnal design anJitation in reration.i" .r*"rroi"g .*,,iJ iJ["p"gt"pt'v pv ttre Design Review
Board (as defineJilrh;M;t", p""tu.ruio"j *a iul ,rr"6*""r tras ieciived any other necessary
approvals * p"*n* ,ffiil;;if "rf,.ig"rtti,ini
Oo""tnts' agencies and entities'
|6.S.2ThealterationsandchangesdescribedinthisSectionshallbeincompliancewith
and have received a, approyall ,ggrili'iv ,il'iau*ro""r.*ii"" ""Junv
upprrcuute zoning and other
laws, rules, and regulations, including ,ttl"r.i"t^ t"o '"i"lt'i;;;;*'lgated
bythe Association'
|6,3.3Afterreceivingtheapproval.o|ltreDesignRe{el.BoardoftheMaster
Association, th" o*r., required to outiin .J"il;pr";, *,rii'rrr"r"Jiti obtain all other approvals as may
be required uv ""v'g"r"rnmentar ", ;;d;i"'i;:;", o*r'iiing jurisdiction over the propertv'
including, wittroui'ii'iitation' carneld County' Colorado'
Sectiont6.4GeneralBeservation.subjectto,anyapplicable.restrictionsundertheAct'
Declarant reserves ttre rigrrt to deorcutefficcess rJads ""0.oj"",Jlrving
ttre Property for and to public
use and to allow ,r.h .;:;;o. rouo. uJ',jr.J uy owners of adjacent land'
Section16.5NoUseofTrademark.Th:..T.:h,AspenCollection''isaservicemarkand
tradename of Declarant *o tt" t *ffiu'idge'-an! "il;;tiG **rtunit Development" is a
service *urr uni rruo"name of r.g no.e-i;.i-ilc, the o?i*r"""ro.r the.Master Declaration' Each
owner, uy u.."ping "
a""a to a unit, covenants *o ugr.",''iJ;;fo;,'tt shall not use the terms'"The
Aspen cottectioli'?ra-"iriii;dgc
..ilffi;gr ffieo urii ir.rlr"pment" without the prior written
permission "r
p""r"*" onoo, Li Rose Ranch-LLC, as appropriate.
Section 16.6 Prohibition on Timesharing'
31
16'6'1 No Unit' whether leased or owned' shall be used:
16.6.l.lfortheoperationofatimesharing,fraction.shar|1q'intervalownership
or sim,ar program whereby the rigrt ,"'[rrr*r';;,h" u-nit rotates among participants in the
program on a fixed Jii;;d;g;t'" s"chedule over a perid of years; or
|6.6.t.2fortheoperationofareservationortime-usesystemamongcoowners
of a Unit, regardless of whether or not d%:ffi'#'1di*:;" out or such system and regardless of
whether the reservation or time-use system is recoraea o.*.oi[rj, ii-rj" nti"ting' if one or more of
tfre ioltowing conditions exist:
16.6.1.2'l the ownership interest in such Unit is publicly marketed
for sale subject to such system; or
- A---_^_r :d as a condition of
16.6.1.2.2 the co-owners are or werE requr(
purchase of the ownership ,1t"r".t in ,u.i unn ,o-rrrui*, ,h" i.;Jto a pre-determined reservation or
iir*-u." sYstem among co-owners; or
16.6.1.3 in the marketing, offering.or selling 9f any.club nrembership interest"
rimited riability company interest,^limite;n**ffin int"*rc ri"g'oi' int"tit'-::-lh"t interest whereby
the interest-holder aiquires a rigtrt p n*i"in"te in a,"."*utiin & time-use sylqm among the interest-
horders, or among th" int r.*t-trotoers. anJ'itnlr., involving',ln i;i;;i inuotuinn the Unit and other
alternate or substituie properties,:"gryi;;ilh;**.r.nL[r"rt is equity or noriequity' regardlessof
whether or not u*-iiit"i""-holdei '"il;'il ot.rt o1 J;-h;;; ""0 't"'tTotess
of whether the
reservation or,,*"]uJi'fi:;;J;;;"rdd ffi*l""oro"o, ri-"i"iii"",ing (such int"test referred to herein
as an "Intere,rf' nl"" tit il"tt;i th" following conditions exist:
16'6'1'3'1 the Interest is publicly marketed for sale' or
16'6'l'3'2 the Interest-holders are or were required as a condition
of purchase of the Interest * u" ,uui"i, ,o u'fl-o"t"nnii.o i"r"*ation or time-use system among
Interest-holO"o, oiornottg Interest-holders and others;
(alloftheforegoinguses'systemsorprogramsarehereinaftercalleda.,Timesharehogram').
16.6.2 Mere co-ownership of a unit, ownership of a Unit bI."n entlty or short-term
reasing or a unit".tair il;;; " T,-**ffi program *rllr i"r..;.;v #,r," conditions described
above in this s""ii* to.o. ttre oerin]tion J tlmert "r."il"ir* "*prl*ty
excludes the voluntary
ii.lu*ion of a Unit in a rental pool program'
Section16.TAcknowlpdger.nents.El.l}9*T'isherebyadvisedofthefollowingmatters
affecting the Froject and Ironbridge ffied Unit Devet"priri rio-ih" o*nrrs' use and enjoynrcnt
thereof: .^r .
l6.T.lEachowneracknowledges.thatcertainunitswithintheProjectandwithin
adjacent or nearby development. -1:. ", *"y U" Jubject.to ;;i; ltitittio"t intended io maintain their
affordability, which restrictions ,.v;;;ilie, wittrout li'il;;: ;;;;*t limits' residencv and owner-
occupancy r.quirl-rn*o *o tirit, "" il;;;pPciation' anJit'"at''utt""'t'ittions shall run with the land
and shall Ue Uinding upon suUsequent Owners of such untts'
32
|6.T.2Roadswithinlronbridge?lannedUrritDevelopmentu,g.o'mavbesubjectto
restricted access limitations, and are ", ** tl"rrui"rito *t"r;;;;i;rt"* of the Association' which
;ffi il ; r"rpon*iurt ior maintaining said Roads'
t6.7.3 parking on the Rgads within the ry.ojTt may be f."i:"9 ::d/or
prohibited by
dulv adopted rules and regulati;*"ri111lrlffi; i;lt1"L i, p""ititt"o in the garage attached ,o each
unit andin designated griest partin, ,n*J:ilt;.'pr["g i.-noi'p"*iliio io tt'" otiueways or any otner
p"** "i,rJC6mmon-Areabr
on the Roads'
|6.T.4Substantialconstruction-relatedactivitiesrelatingto_thedevelopmentofthe
proiect or other deveropment yirnr ^"rffi^il;ridg"
;i;;o u-nit Development nay cause
considerable noise, j"itio other inconveniences to the Owners'
|6,T.5PropertieslocatedwithinlrolbridgePlannedUnit,Develoomentmaybe
developed pursuanr i" q".firg:r^.r.n9,#ru[ffi *t f".h-i" o' o*'"'*it" contemolated bv the P'U'D'
Resolutions of Approval (as that term is ;;ii"Ji" trre r"raster iecirr",.rl with no reoresentation being
made herein.on "-ing mg.p]ry"d,,ry oi*o.h other-p-rope;;:-il;;oning.ror Ironbridge Planned
Unit Devetopment i* J*t.Ufiitrd and g";;;;y itt" pUp i'i*t' e"V-n'n"'iO,o"" of the PLJD Plan
requires"ep.e"'1!vL"ffi
'9:::':t:*#r*WnH*i::t#"1ffi i*tiilfii:!
l"i-""t t"iila uPon anv statements "11tpj:::::5H;$#;s expreislv set forth in ltt1s ?::f::::
anv other prop"rti., Licept for ,r,, "o*ilni' *o '"p'J'"no"ioi#;;"t;ly
set forth in this Declaration
*b tt" pUD plan.-
-e;"fi-o*n , rrr,n"l*o"'xrililr.a'g", ""0 ""gr"*''ui"i
-i"t' o:ner will not take any
;.i"n."**,, i,t;ry-ffir$1fl"t-JJffiJffiGil;;ffi"ffi
it'"'irup Pran so rong as such
develoPmentcomP
|6.T,6Nointerestinorrighttouseanyamenitytocatednelrthehoject,suchas
swimming poors, spas, golf -facril"i ,ir?'iii", ,t ", i,""#""'vJ ,;-""y. owner pursuant to this
Declaration. ttre owneis of those r""iriilr-Juir'tur"-rt" ii"gtr, in their sole discretion' to remove'
relocate, discontinue operation or, ,gr#t-;.;;;; to, 9larse'il i* *:-T:-:r sell interests rn or
otherwise o.ur *#iulffi;. ir rh"" 1"i., iir"i"ii"r *ittroit regaro ro any prior use of or benefit to any
owners' . ''- llves certain inherent
inconvenience..'tl;,fl:,Tfl f"ill'ffiI"'Ji'511['ffirffi Xffi1*:";##m'[f fil
snow melt, tol ']"J"'*J'i""'u*il0-tp'"t 991t anl33rches during wrnter
inconvenienc", *i.ing from the *o*.tiii., nariable weather ""rJ*-"r
ii tt " Ro"t y Mountains'
ARTICLE 17
DEcLARANTs nrdnis npcanptNc TRANSFER
AnyrightoranyinterestreservedorcontainedinthisDeclarationforthebenefitofDeclarant
may be t *.r"rr.iorX,r""a uv pr"i*i"t' 'i'r'"' ::I1^?ltty
* with one- or'=ore other such rights or
interests, to *, *"on' -'o'po'ution"pun*"tt" :*"hllll,?[T;1fJ'"t#"]:f1il"'t"ffi;t;
#i:H:i$*ii*n;:un:r'ffixT1t'.fl.i1,ffi *mlt*lnandobriga'lionsunder
this Declaration ,ir", "-."* i.aterminate to the extent provided in such instrument'
33
ARTICLE 18
ALTERNATTvB oisPurE REsoLurIoN
sectionl8 1 ,#t?i*ffi:fi:.ilF'tro !#'s'ri
:XtrJJ',"*Jffi;"fff;L::lt"#H?ili'eni"r''i'l'n"iiliv""fu
s'@-*if; ffi:t
,n o,oog" ttre amicauie *r"ir,i"ri"t a.pr#iir;lG the Proiect' without the emo
cosrs of litigation. Accordingry, ea9-l.r nound rarty coninant, ;;;;t;r that those claims' grievances or
disputes described n rr#i:'.E6*,,) strati'iei"Joir.o uring ttli*edures set forth below in lieu of
filing suit in anY court'
Section 18'2 Claims' Unless specifically :flg*b"low' all claims'^ grievances or disputes
arising out of or r"rnting;T; int"rpr"tution, appliration or."rrtrr.-r*Jof theAisociation Documents'
or rhe rights, obligad;n's il;Jil.;idil;",iJ iartv unoer tire e*o"iution Docrrments or relating to
the design o, "on.t
o"tion of i.pror"*Jrio"#',#;i"d; t# b"",;;j;; to the provisions of this
Section.
Notwithstanding the above., unless all part.i9s.th3ret9 otherwise agree, the following shall not be
Claims and shall '"t #":d6io ttte ptonisions of this Section:
18.2.1 Any suit by the Association against any Bound Party to enforce the
provisions of Article t0 (Assessments)'
Any suit by the Association 1 ?P^fl: i::LTH"':ffi#:"::l$J*;;'*,:ffr[lilix;ttfij*i:"tf :iff ,f :""".H"[:',fl rffiffiffi(or equivalent emergency equitable *t'?10 sucn otner t'"''"',;;';'tiiff,V i" enforci the architectural
in order to marntam ilJ il; q* and preserve the Associati
ri.OarO. and use restrictions and rules;
Anysuitbetweenownersr.l!i{,-*:t^1'^1,':t:}*r?.T'ff *}fJ.*
,, ,lt,?;i *n .L"rr.Jltr#ffi;rlffii.'."*ii * u cause or action independent
of the Association Documents;
Any suit in which any indispensable party is not a Bound Party; and
t8.2.4
|s.2.5Anysuitastowhichanyapplicablestatuteoflimitationswouldexpire
within 180 days of giving the notice required below'
With the consent of all parties thereto' any of the above
dispute resolution procedures set forth below'
Section 18.3 Mandatory Procedures'
18.3.1 Notice. Anv Bound t*I h13t-if,3':Sffi'frt'#it'ffi:18.3.1 Notice' Anvtsounorartv ''lYruir"rif,
"""tl6rO.tt
in writing (the
Bound partv c.BEspg,dfiii' t.or:ti*ry, it t "@[5") shall
;ilG;j, .l"rirg pt"inly and conciselY:
18.3.1.1 The nature of the Claim, including the Persons involved and
Respondent's role in the Claim;
18.3.1.2 The legal
which the Claim arises);
basis of the Claim (i'e', the specific authority out of
may be submitted to the alternative
34
18.3.1.3
18.3.1.4
faith waYs to resolve the Claim'
Claimant's ProPosed remedY; and
That Claimant will meet with Respondent to discuss in good
18'3'2 Negotiation and Mediation'
18.3.2.1 The Parties shall make every reasonable effort to rpet in person
and confer for the purpose ol'r..orring.d"^;i;il-uv iooo. f.iilril;-;;ri""' If reouested in writing'
accompanied by a .opv or the. Noticl.'1y*ri"*,i# ilo*o *"v "pi.i". u ,.p,",",Ltive to assist the
;;;.'i; resolving the dispute by negottauon'
18.3.2.2 If the Parties do not resolve the Claim {thl" thirty (30) days of
the date of rhe Notice (or within such otheriJrilJ ^ mav be "#;;;if q"'r"nLsl c@nagespf
Nesotiations,,), Claimlirt .ffi t or" thirtv.tfri'ffiffi d;)"i;;il;ili# Claim to mediation under the
auspices or a reputaof,uoo t o*r"l,*pmediation group p-fi;;:uch services in Garfield county'
or. if the parties otherwise agree, to an inaependent agency d;idd E p"" resolution services in the
A.tn.ta CountY, Colorado' area'
18.3.2.3 If Claimant does not submit a claim to mediation within thirty
(30) days after Terminati*ir N"gotiations, or does not "p#?;r-trie
meoiation' claimant shall be
deemed to have ;;;;d chim, and iildd;t sno, ui ,if,"J "ra
discharged from anv and all
liability to craimant;;';;r;; or ,r"il"Biliil'il;il"d'.;ffi;;;in stratt-retease or discharge
Respondent t'om o'y fiaUifity to any person other than the Claimant'
18.3.2'4 Any settlement of the Claim *"oYql mediation shall be
documented,"-r,Hf,.lr,:r,iffi:,iffi t'or5i:5'i|,ffi ',Hl*::jtl*XIUW*'*"ffi ':ff :
submissionofthematterP*:""..^":::j.;;"."Jiutionproceedings(.@,.
mediator shall issuel-'i'it" or terminuti'T;itil ;;Jr"lq ;;ffi;;- c@')
The Terminution ot rvr"Jiadon notice ,t.ii'."ir"nt tt ut tt
"
pu:nL. ur" urt un impasse and the date that the
m"Oiution was to be mediated'
L8.3.2-5 Within five (5),days of the Termination of Mediation' the
claimant shall make a final wrinen *nr"."ri'a"*".0'i;s",ri#" ri"-+*altl ttr" Respondent and the
Re spondent .t ou iit' -
o n'ur *'it':' ffi ;i* ;tr;t@ :""ff -::"1tr3'"t"t":X
3,ffitf Lilm:f.:lgli,m,fg:t*fr ffi ['1"T'i:ffi #;;;iit;#il'iuu"madea
"z;cro'' or "take nothing' Settlement Offer'
18.3.3
ls.3.3.llfthePartiesdonotagreeinwritingtoasettlementoftheClaim
within fifteen (15) days of theTermir"rtr'^"irrr"aidtnJ"iir,,"riffi tti* fifteen (15) additional
days to submit,nl iliin, ro aruitrationin';;;;;;;, *itr,ri.T-,it". oi*uit*tion as mav be required bv
the agency pronroing the arbitJaTl. t't"-*iio""' *'", #" ti"lle arbitrator'to be appointed by the
',iffi #m*fiHr$:trt"ifil:,ltililNi*+*i'r:*iNl"ilrt!tu1*'ffi
financial o, ptttoout interest in the res
mstance likely to atfect the appearance of
iffi,,;frX *rl:.;,':;'tilg :: fllJffir:'?':;:T"i#:;'illi,.';;;; o*rid arbiua'lion
35
(..Arbitrator Disclosure,,l. rr TllTy obiects to rhe service gf any arbitraor yi'hi: fourteen (14) days
after receipt of that Arlioo,or,, bir"to..rr"',"iiffi;'id, .n*t u" lpir*o.ii tht
^t1y
manner in which
that arbitrato, *u, ..r"Iili.-ir n* ,,*",r.rliiiffi:;;;bt*ri", "iiiitt" claimant fails to appear for the
ffiffiilil;i,oin5*",;ltfrdi:1##ffir**k#3,}*[l's[";:x'iffi xJ:Hr'f, lff
discharged.froP *_y, ilbiii,y r" p"rsons other than Claimant'
;i;;;t discharge ResPondent from anY
18.3.3.2 This subsection is an agreement to arbitrate and is specifically
enforceable under the annrigfp.yliuorion r"*. "r the Srate:?;;ffij"' The arbiration award (the
;.ffi ,**HT'#Jt[X':ll[]*Hi;:1il:l*#1"f3'"'Ti3-viilul*:anvcou*of
compe'[en'l
18'3'4 Allocation of Costs of Resolving Claims'
lS.3.4.tSubjecttoSection|8.3.4.2below,eac-hPlltvshallbearitsown
costs, incruding any attomeys,-fee. in"*ri, und each l"rtv,*rir .[*"'.i*uv a,.iharges rendered by
the mediator(s) and uii nririg fees and ."#;il;il.ting',t"*;ui*:tlon-ptoieeoing ("Esst Mediation
Costs').
18-3.4-2 Any Award' which is equal to or more favorable to Claimant
than craimant's seslement pl.*il 'nar'Joict?ti*it-pott
#;;il "osts
to th9 Award' such costs
to be borne equally uv .iin"rp".o*r..,A"ili*d;hi.n ,. .orJr'Jir"" io"orable to claimant than
any Respondenr,s s"iur..ii6iier, sr,arr o*iio io such Responoent its Post Mediation costs'
18 3 s ry #H::f*l}":,',?,?.:{fiJi H.:ffiI'Ililii
abide by the terms of anv agreement :t-"]T1;"'3i"TtJ"ffi;';;'d;;lgoin to*plv with the procedures
ffi ffiT1,F:itJ,',:t};1;*ff ffi :lmitl;x"*,r:*x'mflTLII";;;;,r*ir,n',ue
entitred to recover d', *,. non+omprving f iv ("1lif::-tll;lli:Xm*f*:,tffi"Tiffil!t":.Tl
parties pro rata) Af lorir in urred in enforcing such agreemenf, or law4ru ,rvrev!"t
uttorneYi' fees and court costs'
Section 1g.4 claim for Damages. Damages alleged or awarded in connection with a claim
shall be rimited ro *ffi;# iil#;r,";;;;;;id or other damages shall be
claimed or awarded'
Notwithstanding anvthins contained^!1fl',::,11""1,"1I#;#J#fr1;,11illl;"J":i'fft{:'!:f:q!Notwithstanding anything contained herein to the corurafv' ""1.;'i;;r?"!rn"no on the Project shall
Declarant arising *tH";;"i;t"^:9 *:iii.X:l::Ttlr""able amount of time for Dellarant toii""i.r.", arisiig out of or relating to lhe oesrgn or u(''slruwr;";;b[;r"unt of time for Declarant to
require notification *;:{t:tlf*::itffi and provide for a rea
::ffi tr," o.ii"ittr're anv claim mav be made'
ARTICLE 19
MISCELLAI\EOUS
Section 19.1 Restriction on- Declaraqt PQw'ers"-
-flwithstanding
anything to the contrary
herein,norightso,po*",.,",.*i1.1Jffit,"*",d*';;ii-|*.'iott,"timelimitationsor
oermissibre extenr of such rights or-po*.r, iii'ffit o una", the Act' Any provision in this Declaration
in conflict with the requirements or.tnllci't'oiitt'ue deemei;; il';d; such provision as a whole
but shall be adjusted * i' n"t""ary to comply with the Act'
Section 1g.2 Term. The covenants and restrictions of this Decraration shall run with and bind
the land in perpetuity, sffict to the proui*i*l'oi tr,i. b".r*util;; rh" termination provisions of the
Act.
section 19.3 Amendment. The provisions of this Declaration may b amended or terminated'
in whole or in part, from time to time, "r"l#""*:i9:[{;'itpt*t"titig
sixty-seven percent (67vo)
or more of the total voting interest in tne essoc'iation at a meetin! ot'ttre ownirs called for that purpose or
by written consent; ;r;;il;;however, tn"il"r'n*"ion or.tfiit Declaration requTrng a vote of more
than sixty-ser"n p"ri"ii <orqrlo{ 9" *"i"JiiJi*'."" "
tdil;hti"n to bagffective mav only be
amended by a vote of the applicable.asgr"s"r, ,6tine interestl"'r"a i, J.n provision' In addition' (a) a
majority of the "",ir;;;#I;;; J,r,1!iJ""iive noird *ov 'ur"' *inoutihg approval of the ownets'
changes to any err&iuti* Documents to the extent ,r""rrnilio lorr"", a factual error, and (b) any
oronosed amendment io ,rri, Declaration-which affects *v jti, o'i p."rurun, sha, require the prior
*riit n approval "r'i".rrr"i, in aooitioi; th" approvat ieq;il;il otherwise'set forth herein' In
addition, tt" e*".utiiJ;iltu, tt, ,igiil"-"*riirtti, p.Jrruiion pursuant to the provisions of the
A;i;;;i;risedstatutessubsection3s-33'3-2r(7)'
section 19.4 unilateral Amendment Rights R.?seryed b!, Declarant, Notwithstanding any
orovision in this Declaration to
'h"
tonou itself the right and power
,to
modify *o o*"rra trris pectaration 1o'it" fullest extent p"i*:i,LJ urder the Act including' without
rimitation, ,o .orr#.jr.i*r, ,rprgr.nt*'i"ii".r,ri.nr "roi.,-or
to comply with the requirements'
standards, or guioeiines of recognized secondary mgrtga-ge *urk t*, the Department of Housing and
Urban Development, the Federal nou.ingii*i'i'r,*i""",-,[" v;";;;; eo-iniittntion' rhe Federal Home
Loan MOrtgage corporation, the aor"**"ni National u"ng'g" 'q'ssociation' or the Federat National
Mortgage Association'
Sectionlg.5RecordingofAmendments.fY.amendmenttothis.Declarationmustbe
executed by the president of tt, Arro"iuTtion u=-nd ..cordei il'il oEi* of the clerk and Recorder of
Garfield county, colorado, and approvaioi such amendme*;; u" .t o*n by attaching a certificate of
the secretary of the Association to the recorded instrument ."niriiig tt " upptonol of a sufficient number
of Owners of the u*""d'n"nt or that t" ;;;;; or *t" owners was necessary'
Sectionlg.6Enforcement.Enforcementofthecovenants,conditions,restrictions,easetnents'
reservations, rights-of-way, liens, tt'u'g"t]unJoit'., p'?".'iont t*"inlJ in tttit Declaration' the Articles'
rhe Bylaws, u'O tt, *i"lunJ r.gututioi, "i,n" err,,"iution,'lfi tt t*""Jed' shall be by any proceeding
pursuant to Articr'J ia "riti- ieclaration to the extent,.quir"o by !e t9nry of this Declaration' or
otherwise at law or in equity, against any person o, p"r.Jri., in ri,oing the Association' violating or
attempting to uioraie uny *.t provisionr'ihr Associatfu";i;r-&ri&ed owner shall have the right
to institute, maintain, and/or prosecute'a"y .r"t ni3"*a.t"ffittE"ettotiution shall further have the
right (after no,i"JonJ'on-opport*ityio'U" heard) to f"'V'JO toifttt fines for the violation of any
provision of the aforesaid documents.
',,,
"* ":iion
inrtituiJ o, *ointuin"d under this section, the
prevailing po*y ,nuU recover its costs und reurLnabte attorneiJ;t;; i";""d pursuant thereto' as well as
any and all other;;;;il"d under eni.r" rs or by the court, as applicable'
Sectionlg.TSeverability.lnvalidationofanyofthecovenants,restrictionsorother
provisions.ontuii"ointnffitionbyjudeme.n1^o,"o,,n"o'joshallinnowayaffectorlimitany
other provisiont *iittittratt remain in full force and effect'
Section lg.g conflict of prgvisions. q .1," of any conflict between this Decraration and the
Master Association Documents, trr" Mffir^e,rsociation p*.it""ir *rrori .onool. In case of any conflict
between this Declaration and the Articles or the Bylays, this Declaration shall control' In case of any
conflictberween rh. A#;;-undthe Bylaws, the Articles shall control'
Section 19'9 Nonwaiver' Failure by Declarant' 1!e Association' or anv Owner or First
y:ff, iff :ff fl:ffi Hl,rJ."#ll:"]f#1*'#j:li:r,Hl*:x,T'r;tll;:il'"r"";':ff:
ho so thereafter'
s to the contrary' the
useor#:[T,,,;.i3*,]#,.-**.n#.r'Jt",il't3":iii:'fi H'f il"i]'X"t3';ii"e'r"'id'r''
ii ; *v gtio"' shall include all genders'
Sectionlg.llCaptions.Thecaptions.tothl11'*:andSectionsandtheTableofContentsat
the beginning or tr,irbrrffiiare inr.ri"o onry as u *u,*, of;'o'nilii"n"" .lu t:r reference' and arc in
no way to be construedto define, rimit or.ltiJ#se oescriue d";#;'ii* pt"ro'otion or the intent of
any piovision of this Declaration
section 19.12 Exhibits. All the Exhibits attached to and described in this Declaration are
in orporut"Jin this Declaration by this reference'
[remainder of page intentionally blank; signature page followsJ
38
Executed as of the day of March' 2006'
LB ROSE RANCH LLC'
a Delaware limited liability company
Bv: PAMILLC, a Delaware limited liability company
Its: Managing Member
By:
Name:
Title:
STATE OF COLORADO
COUNTY OF GARFIELD
)
) ss.
)
The foregoing instrument was.acknolledfei$?::,*: li,lii* u.rfrilxt"Yxfr,m-#ff;tlloinginstrume"-tff;ffiflfl::ffiffi ;iirnit"o-riuuiliiycompanv,theManaging
4D !^- l r:-L:t:k, ^^mftrnv
Member of LB [d;E RA]'ICH Irc, a Delaware limited liabilitv company'
WITNESS mY hand and official seal'
My commission exPires:
tsEAL]
Notary Public
EXHIBII A
TO
DECLARATION
FOR TIE ASPEN COLLECTION
Property DescriPtion
Lots:
Lots 250 through 296, inclusive, honbridge Planned Unit Developrnenl.Phase tr, Filings |,2 &
3,eachasdepictedontf, at:*,'^p:1^ylrj*:"fi #ily"*',t*:att#i"t:,1';ot''
;;*"fi"ffi-ffi;
-,2CI6
at RecePtion No'
CommonArea:
Filing3CommonAtea|,2,3.an{4,konbridge|]g*UnitDevelopment,PhaselLFilingst'2
& 3, as depicted on that."t:i1"rt,l":It{#ffiIiffi 4*;m J;,[l]lBl,,:;u:.''
;.;rd.Jilvtarctr,2oo6at'ReceptionNo'
EXHIBIT B
TO
DECLARATION
FOR TIIE ASPEN COLLECTION
RIGI{ToFPRoPRIEToRoFAVEINg]l.LoDEToEXTRACTA}.IDREMoVE_TIoRETHEREFRoM
sHourD rrrE sArvrE';;;odND ro-ryniffiti on qE$#i:dE rnqgsrs As RESERVED IN
r.rNrrED
'TATES
permn RECORD_ED_"fi-io, taei, m_no5i'ri^Ir-peas 50e Ar{D RECORDED
rAr{uARy ls, r8e6 nr;doi l, eirece6;,$,rD Riiiono_eg"ltliicii z+ iqry-ry-BooK 12 ATPAGE
4* AND *r.o*dr1;;uARt1z, rsqo'ffsilK 1z Ar pecr fri'oiin nscoRDBp MAy lz, 18er IN
B@K T2 ATPAGE 460.
Rrcrrr oF wAy FoR DrrcHES O]r_qc{ALS CONSTRUCTED By Tr{E AUT-Hgry.rY OF THE UNITED
srArEs o, *rrr*GiiN-rnnrED starfilp'idn'r nr9919fo r;,tI iol iseg' N BooK 12 Ar PAGE
s.e AND nBconpeo-iexunnv ,r.1ryfi ir6oK a ,{r paiiid"o^6-nBconp^ no MAR.H 24' t8%
rN BooK 12 Ar peoiJrr AlitD REc-onbfiJreiliiuanl fil ieil m sooK rz-," PAGE 408 A''ID
RE..RDED r"rey ri, iseT IN BooK ,, eiiioiifi, ANb n,boitp,o Nov*'msn 2s' tsr3IN BooK
92 /ffPAGr.326,
RESER,MI.N' As ..NTAINED IN ,ATENT RE..RDED AI{D RE..RDED JLILY 1' 1969IN BooK 4o2
AT PAGE 587.
MAps AI.ID
'TATEMEMS
oF THE RoBERrsoN DIT.H RE..RDED JANUARY 2' t884IN BooK 7 AT
'AGE
tts ANDF*#iJNE 3o'isss es REcEPTIoNNo' 7200'
EASEMENT' AND Rrcrrrs oF w{y-{g..RAI*TED To?-uBLIc sERvIcE ..MPAI{Y IN INSTRLJMENT
REcoRDED ocroiii zliJsse DI BooK 32t AT PAGr' 237'
EASEMENTS A}i[D RIGIITS OF WAY AS GRAI'{TED TO R99{Y MOUNTAIN ry4I'URAL GAS COMPA}'IY
rN INsTRIMENT iecoRDso snBrsr'milil;; 1g9i N sooii[ ar pecs ssl AND RECoRDED IN
;ir6ii8i3 er PAcE 553'
TERMS, CoNDITIoNs AND PRovISIoNs oF AGREEMENT REC.RDED JANUARY 09, 1979 IN BooK
521ATPAGE468'
r As .RANTED To TcI cABrEvrsIoN IN IN'TRL'MENT
EASEMENTS AND RIGHTS oF-yl]
REcoRDED sgrrevri-en n' tqrnlN BooK 876 AT PAGE 251'
EASEMEMSANDRIcInI-91YoT^*t^P#"?-i?ff"9""Ir^XihTHrr*T5f ^?tt#fiffffiHnffi"Hs#ir?Lyi;*'^"ffi,iH, 1; fr;fttAND.rucusr 2', tses rN BooK
950 AT PAGE 728.
TERM', coNDITIoNS AND PRovISIoNS oF AGREEMENT RE..RDED JULY 5, 1,,2IN BooK 432 AT
PAGE 536.
TERMS, coNDrrIoNS AND pRovIsIoNS As ..NTAINED IN IN'TRUMENT RE..RDED ocToBER 3l'
isgiN'sooK 1o4o AT PAcE 738'
EASEMENTS AND Rrcrrrs oF wAy-AS SHOWN ON TIIE !]]LvEy DATED JL,NE- 7'-2000 PREPARED BY
HrcHcorrNTRyrNrt-rlresRn{c es los NbIgr'a2.os. nrcr-uDfrc oGnHeAD r'JTrlrryLINE'
EASEMENTS AI.ID RIG}IT' oF wAY-{l To Hol.Y cRoSS ELECTRI. ASsocIATIoN,INc. IN
INSTRUMENT NrCO:iIir; S-SPTE}'BSN ii, TgiiN BOOK 422 AT PAGE 562.
1102 ATPAGE643.
TERMS, CONDTTToNS AI.ID PROVISIONS OF EASEMENTS lgyEMENT RECORDED APRIL 02', 1998 IN
BooK 106r Ar pAd il AliD ArGr,rDNdii"RECoRDE o""8""^rri*ii' zooo w BooK r2rz AT PA.E
822.
IERMS, CONDITIONS A'ID ,ROVISIONS OF RESOLUTT.N NO. 99-06I RECORDED JUNE 08' 1999 IN
BOOK 1133 ATPAGE9lI.
TERMls, coNDITIoNs AI.ID pRovlsloNs oF REsoLurIoN No' 99-068 RE..RDED ruNE 08' 19,, IN
goor 1133ATPAGE922'
TERMS, coNDITIoNs AI{D pRovlslo{s oF INSTR,MENT RE..RDED
'EPTEMBER
03' 1991 IN BooK
8r2 AT ,AGE ozo, rft-l,mnaoRANDuM ;rrcnrB*lrr R#*"E, rrsiuARv rB, 1993 IN BooK
8ss Ar
'AGE
rs, ri= acnrmryq.qf,Eail6-*nnultlii"rilrsgi N B^ogr 8ss Ar PA'En'
AMEI{DED ecnrsffi nsconoeo "ffil;Jry+
nq sooKfoi'qr;AcE e?e AND AI\'IENDMENT To
AcREEMENT nrcoilii-uin'le-re' tqs+ tr{ sooK905 AT PAGE 982"
TERMS, C.NDITI.NS A}{D RESER'ATI.NS ..NTAINED IN MINERAL DEED RE..RDED MAY 15'
is6a N'sooK 3s8 AT PAGE 63'
RESrRrcrrvE COVENANTS' WqcI_Dg NOT CONTAN -{IORFETTURE
OR-RE]PRTER CLAUSE BUT
oMrrrrNc erv covnNeNrs on *rgi*r6iroNs, r mrv_, iii,iBp-rpoN rljp- co,-o& RELrcroN'
sEx, sExuar opENieitoN' 'ooo'-ii-i'iAint
MAnrffi sr'{rus' orseilnrrv' HANDIcAP'
NATToNAL omcnq, eNcErrry, oy3ffi., <ii-u{Col'ry.5'&fri'nii w 4n- er'rcABLE srArE oR
FEDERAL LAws, ricrvr ro rrs_s:crJfr"iilr sno-covrNilri6n nssrrucrloN Is PERMITTED
By AppLrcABLELAw, os coNre^rsJnr nisri<rn*Nr nsdoRDE-o osroeen 14, rggr,rN BooK 815
AT PAGE 354.
TERMS,CoNDITIoNq4IP-RESERVATIoNSCoNTAINEDINTIIEDEEDRECoRDEDAUGUST4,|w
TERMS, coNDrrIoNS AND pRovISIoNS oF AGREEL{ENT RE..RDED AucusT 12' tgg' IN BooK 1029
AT PAGE 729.
TERMS, coNDmoNs AND pRovIsIoNS oF RESoLLTfloN No' 98-80 RE..RDED
'EPTEMBER
09' 1998
ffi-oor tosz AT PAGE 862'
TERMS, CONDITIONS
1102 ATPAGE 638.
AI.ID PROVISIONS OF AGREEMENT RECORDED DECEMBER 07'I99S IN B@K
TERMS, CONDMONS A}'ID PROVISIONS OF AGREEMENT RECORDED DECEMBER 07' 1998 IN BOOK
nl goor 1028 AT PAGE 597'
EASEMENTS A}{D RIGIilS OF WAY FOR TTIE
RIVER.
UNINTERRUPTED FLOW OF THE ROARING FORK
ANYADVERSECLAIMBAsED^uPoNP..f ::iTHT?I.P*f.:'Hffi x"sil."iliffi l&iANy ADVERSE CLAIM BASED UPONry ASstsKttL'N '*^'ffig-Lq;*e*S OR HAS ACCRETED-
rIDE oR r*,**o#'I;ffi' on*t-*"J.#*I3""3:.f- LAND HAs BEEN iRfr'lii\ilrl{n.ig,*,x.r'ma:m6,611"frry91*-*"*;;g,g;gxffiitrH8ffi ffi isiHir?j,iirs#J,i#I#*""'i'{"^.^cF.RKRT,ERoRHAS
;H^?#fi,ffiffi ;ffiiloN to eNv sucH PoRrIoN'
RIGIIT' AND EASEMENTS FOR NAVryATION AND FISIE]RY WHICH MAY--BXIST OVER THAT
poRrroN oF sArD rfr; iin;c rsNeArfrffi wxEns oF THE RoARING FoRK RrvER'
ANY ADVERSE CLAIM TH'{T THE: qI:TERLY BOUNDARY OF SAID LAry II OTIGR THAN AS
SHOWN ON SURVE?"NiffiEN SZOAZ'Oi-D-AiED JUNE ,' ,{OO"PTTPEN'O BY HIGH COUNTRY
ei.iiiirlEsRinc, rnlNr HARRINGToN'
EA'EMENTS AI{D RTGIITS OF WAY.FOR INGRESS AND EGRESS AS CONTAINED IN INSTRUMENT
ffic6rffiD-rlrNE re' iqJi IN BooK 420 Ar PAGE 88'
TERMS, coNDr[oNs AI{D pRovIsIoNS oF REQt'Esr FoR H(TEN'I.N RE..RDED ruLY 1l' 2000 IN
BOOK 1196ATPAGE856.
TERMS,coNDITIoNSANDPR9YIS^I-oNSoFsEcoNDE)ffENSIoNoFPRELIMINARYPLA}.I
REcoRDED rurv r i imil nl BooK 1195 AT PAGE 86e'
rERMs, coNDrrroNs, AND PRovlslols oF SLBDryP$I'AGREEMENT IFI9IDED SEPTEMBER I'
2000, rN BooK rzoori-pecr 629 AlrD ai'r.i,mNoeD N nrailiffiE*r RE..RDED
'EpTEMBER
lt'
;ooo: D,t BooK 1206 AT PAcE 637'
TERMS, coNDITIoNs AI{D pRovISIoNs oF PRE-INcLusIoN AGREEMENT RE..RDED SEPTEMBER
u, 2ooo IN BooK ridi er Pacs 6ao'
RESTRICTIVE COvENAI{rs' wHIcE P9 NOr coNr4ry I-IORTEITTJRE
O}iP' IERTER CLAUSE', BUT
oMrrrrNc er.rv cdriNevrs ol .r-JF;ilor'is' r ary.r.i-fsilJiPon YSP'coloR' RELIGI.N'
sEx, sExuo" o*irrii,r,tiN, raryrry1ei"'sierui--n'r1'nfiiiltfrus'
pnesILIrY' HANDI.AP'
NATIoNALonlcN]eNceiTRi'o*"oilicjoriNcbn,m'eiTriro.rirrr-werru'cABLESTATEoR
FEDERAL LAw s, ;iarffi i; irm ldG-rmt sAD !o-Fnir6 on nrsrmcrloN Is
By AppLrcABrE rrw, o, "o*o^r"Jiii
riJrnuvmrr ni:ciiriiio iBvrel'aBsn 11, 2000' rN BooK
1206 AT PAGE 662.
TERMS, CONDITIONS AND PROVISIO]IS OF DECLARATION
iiffi;mm rl, zooo u'r sooK 1206 Ar PAGE 734'
OF GOI..F FACILITIES RECORDED
TERMS, CONDTIONS AND PROVISIONS' EASEMENTS AND
iffiilBE*-ii zooo N soor 1206 Ar PAGE 748'
RTGIITS OF WAY RECORDED
TERMS, coNDrrIoNS AND PROYII9NS oF INDEMNIFICATION
#ffir;BER1i zooon'r BooK 1206 Ar PAGE 768'
AGREEMENT RECORDED
TERMS,CoNDITIoNsAI.IDPRovISIoNSoFDEVELoPMENTAGREEMENTRECoRDEDSEPTEMBER
ii, ;oid nq noor 1206 Ar PAGE 780'
TERMS, coNDITIoNs AND pRovISIoNS oF IETTER RE..RDED ocroBER 04' 2000IN BooK 1210 AT
PAGE 883. , n,ffin
DEEDoFTRusTDATEDSEP'rEMBERrl.?'Y.#%Ykxtr+FrJt[?fi "t?.4."frHusffilitr""e#Jttsi}"^s'BJff PI:Jsff ry1",*"v$",iasm:oglffi 'e-'}rt5r[r"tx,t"wJ'"'ffi 334TS$l?:w';*#***ffi #=.":#"."3x
f nrmHr^^f ffi:tJffi lr";3ffir""r^?Hil',h#;ii,n-renrr^rr{EREoF'RE..RDED
UiHt'HhT;cffi;n'r soor 1206 Ar PAGE 776'
IEIIIIIIIIITIIIIIIIIIIIII RdcEryED
JUL 1 2 2006
aurij,,uEflo?f,,:
GAftr:,.-, ,guridril,ISourv
N/NG
TY
July 11, 2006
Consulting Engineens and Hydnologists
gogcolonadoAvenuelGlenwoodspnings,coBl601atg7])945-6777IFax(97))9l43_11e7
FIESlfUFICE
ENGINEEFIING
Mr. Richard Wheeler
Garfield County Building and Planning Dept
1OB 8th Street, Suite 401
Glenwood SPrings CO 81601
RE: The Rapids on the Colorado PUD and Preliminary Plan
Dear Richard:
At the request of Garfield county, Resource Engineering, lnc' (RESOURCE) has
reviewed the ptanned Unit Developme;6; Fi"firi-n"w Plin submittal for The Rapids
on the cororado subdivision near New baitre. rne submittar incrudes two spiral bound
books dated April 12, 2006 and a set of t+ Jt"*ingt dated March 30' 2005' Our review
of technical criteria-lncludes watei supply/watgr rights, wastewater' drainage'
soils/geology, tratfictioads, and otner agency'plrmitting' bur comments are presented
betow and are based on the Preliminafi"Fia{ Su.UOiylt':n Regulation requirements since
ine iretimtnary ptan is inctuded with the pUD submittal.
WATER RIGHTS AND WATER SUPPLY
The 121rot subdivision is proposed to be served by a centrarwater system utilizing two
wells, an existing treatment, system, "n
Lr,itting ISO,OOO gallon storage tank' and a
distribution system (some of which it
"xisting)
;dgned to pr6vide fire flow' The existing
water system design was appror"d ;;'il;:6;6dd" DePartment of Public.Health and
Environment (CDPHE). However, the Applicant apparently did not follow through with
the process and the system *., noi ffi;e. pirbtic Witer Supply lD number' The
Applicant ,u.t oOiain'appioval from COpHe for the existing system and proposed
Li[.nrion ottne system iiior to any Final Plat approval,
Thepotablewatersystemwillprovidewaterforin.houseandfireprotectionusesonly.
All irrigation will be il;, a non potalre it igation system using water from the Moore
Ditch. The potable water diversions "i" in"irO"d in a plan for iugmentation decreed in
Case No. W-3262. Such decree .rg;"nit outot+riority depletions during the irrigation
season.
The Applicant has obtained one acre foot of contract water from the west Divide water
Conservancy District to augment any non-irrigation season water right calls'
The existing water system is owned by lhe Rapids. on the colorado Homeowners
Association. A retter indicating tnat tnehoA wiil brovide service to the proposed 121
lots is included in the submittal'
TheBurningMountainFireProtectionDistrictServes
Oisiricr ruti O" submitted to confirm that the proposed
requirements.
the project. A letter from the
projbA-conforms to the District
July 11, 2006Mr. Richard Wheeler
Page 2
WASTEWATER
The wastewater collection and disposal for the proiect
""ntt.l system. The Applicant has submitted a site
"ppior"l'of " 45,000 gallon per day treatment facility'
a'p'proveO prior to any Final Plat approval'
is proposed to be through a
appiication to the GDPHE for
The site aPPlication must be
The centrar sewer co[ection system is shown as to rocation but there is no design for the
system. The size
"nO
itop" ot_ oin" ,rit U" identified. A sewer profile must also be
shown. n pretiminaryl"iibn ot in'e t"*"i collection system should be completed prior
to any preliminary Plan aPProval.
DRAINAGE
The drainage study and analysis is consistent with standard practices and meets
GARCO criteria. The drainage plan provides for conveyance of storm water through the
property and management of water.to "AOi"ti
water ciuality impacts from development
activities. Tne pdn teneralty routes oft site drainale aiound the lots with surface
drainage or through th6 centrai lot area in a pipe. The discharge of all drainage systems
is to griss lined swales prior to discharge to the river'
The river frontage lots are within the flood fringe area of the floodplain boundary' This
tot area was the .rUi""i ot a itooOptain Specdf Use Permit for the original subdivision'
The area was filted to raise the lot
"reJ "6or"
the 100 year base flood elevation' As a
result, the propos"d lot, are shown to Ue outsiOi of the floodplain. Portions.of proposed
Lots 1G through Zi ina25 through S3 are within the floodpiain.boundary, but elevated
above the 100 y""r-Uj." flood e-ievation. lt is recommended that a new or amended
floodplain Speciat Use Permit Oe obtain"O tot this project due to the above and due to
permit conditions *ni.n .ontlict with ne new ptiect and our review recommendations of
the proposed Project.
SOILS'GEOLOGY
site constraints identified in the 19g0 Lincoln-Devore study include.debris.flow potential,
debris fans, high;;;-n;'*.i"t, LnO soits which are sutilect to.differential movement
when loaded or wLtted. The old 1g80 report does.not map the hazard areas' An
updated report sh;ud be completealo mai the.identified hazards as required for the
F?irimin"ry plan and develop a mitigation or avoidance plan.
Based on the hazards present, we recommend that a plat note be added requiring.tha!
individual site specific geotechnicat iniesiig"tion. and foundation design be submitted
with the building permit application'
TRAFFIC'ROADS
The proposed suMivision will generate 1,158 average daily trips (ADT)' This requires
the main loop road to be designed as a minor collector. A minor collector road has a 60
iiiiiFIESOUFICE
!!i!!t N G I N E E R I N G I N c
July 11, 2006Mr. Richard Wheeler
Page 3
foot right-of-way, 12foot lanes, and minimum 4 foot shoulder' The existing loop road
has 11 foot lanes, a 2 foot curb and grtt"r, a 4 foot sidewalk, and a proposed 50 foot
right-of-way. The PUD text should inJicate that the request is for the above noted road
section such that " ,"ri"nr" to the County Standard can be approved for the Preliminary
Plan design.
The traffic study does not address the percent increase.in traffic at the l-70 interchange
intersection wi*r countv Ro"U ggs. The county needs to know whether the subdivision
will trigger the need for a new CDOT access permit'
The recommended formula for the road impact fee is baqgd on the theoretical calculation
for the proiec't tafing inio account tne eiisting proieg!. This translates to one-half of the
road impact tee toi-ag lots at finat plai ano
-one fiaF of the road impact fee at building
permit for all remaining un-built lots'
OTHER AGENCY PERMITS
There does not appear to be any section 404 wetland issues within the proposed
development porti#-of tfre property. ni mentioned above, app-r9v-ql.9f the potable water
system and the wastewatei'triatment pi"1t is required from CDPHE prior to any Final
ptat approval. A Stoi; Water Discharie it*it qF a Construction Dewatering Permit
from CDpHE *ifi- O" iequireA foi- construction of the additional subdivision
improvements.
Please call if you have any questions or need additional information'
Sincerely,
EERING,INC.
(\
Michael J.rfrion,P.E.
Water R#ources Engineer
MJE/mmm
885-50.0
ircn*s$As OffiCO\50.0 The Rapids m he Colo\rw prelim pud'doc
i:i::FIESOUFICE
!!l!3t N G I N E E t I N G I N c
!!fl[i?I',!l'lulT![*l[[Wl$[tlrp
{
4*
)
)ss
)
STATE OF COLORADO
GountY ol Garfteld
At a meetins orthe p*q,{.9:::Y l"glH''"$Silt:'$f5f-"J.'&
. ","#," ffi-"fl "i'lx'!ffi...?iff :H. #f: li'[Sg,, ?#?Y" ::X'H
iffiffiillifrr;lL,.tl,.'EilX$ifJ"fr.,Uiliil
rlllJa":v, t'" zro dav or
ilffi;;&E, e' P' there were Present:
Commissioner Chairman
Commissioner
Commissioner - Absent
County AttorneY
3i"Jffi"IlXffiI*""n', --
when thefollowing proceedings' among otherswere had and done' to-wit
lronbridge Parcels as follows:
i:" ffiit?;;#;;;;;r 6 Phase 1',f .:%TJi:l: ?ilI'liff# ;;ipi"r""t lL'1*Zae):
18'28 acres
z' r rtaw - i1 Ptt"ie ll: 4'98 ac'les3. Blocks 1,2, and
;. eb"t 2 Phase lll: 2'613 acles
;. Aotf 4 Phase lV:6'59 acres
6. OPen SPace:3'53 acres
7. RightotwaY: 9'9 acres
WHEREAS, the zoningg.lhg lPqgry'.T part of the lronbridse
consistent with the' ;"rf yilti PUD zone districts'
REsoLuTloN No' j311i-l+
AREsoLuTloNist"flli$JlilEfsllsisi+5,'SHItillE?^I"
FOR A SUBDIVIS,,ss*r,EE"#*EEffirfrrr3i8ifl$lEJ*ft rBoB[tBHs:
"""o.$'J,ffi
;'Bt,H'xf ,,:f '::ffi ff$liirux#{ffi,1#d},;ffiil; ai.ss acres located in the lr
Colorado; and
WHEREAS,thePrehrninaryPtanproPosestosubdividethefollowlng
PUD, iS
1.
2.
1.
Llr.l.ll!ru,lI]lltlllllLHrllHlttl,[|Jllltttll.tllebc4za o3tzztmo 2;T'; n-bloa o o.6s ennrrELo couNrY co
WHEREAS, on January t tth 2006, the Garfieu Cguntv Planning commission' in a
oubtic trearins, re-*m"noed trat gtJi,ilIJ;'6ffit Commissloners approrre the
'pilriri""w PEn wtth conditions; and
WHEREAS,onFebruary2lst-2006,theBoard9flounUCommbsiorrersheHa
oubric hearing ,po,i*rl-qu""ri* ,f ;;rth;;-dFr"r'*in"w Ftan shou' be sranted'
branted witrr *rtdi#::Jffiil;i*ltffi;titts fiiFryic and intere$ed Frsons re'e
siven tfre opponundltil-pi*" nrir dilffi;&;tdi"sit* Preliminarv Phn; and
WHEREAE,tleBoardofCourrtyCommissioners,onthebasisofsubstential
comp€fiBnt evidenoB produced at rhe iiffi;iil;-toitirg, hc made the folkuing
dcfiErmlration of facts:
Prcperpublication,pubticnotice'andpctingwereprwidedasrequiredbybwfor
the hearings oeforeffi-pianning c""rfi,*il;"nb o"tott the Bmrd of county
Gonrmisaioncrs-
ThaheaffrgsbefurethePlannirrgGommissionand.theBoa]dofGounty
cornmbsbners ,rp;Lden"ive "na
o*pGfui ;ip"rt*ttt f,ads, mafiers atd i3$'es
were submired andffiiiii"t"t"tt"d pittiui wtir* ftetrU at 3rosa hcadngs'
3. The epplication b in mmplianceuith tfre standardE set forth in s4'00 of the GarfieH
Gornty Zonir* Resotution "f 1#, ;il[no"a, by uray of Ss'o+'oo of said
Resolu&n,
4. Tho app$calion isr ln qomplianoe wtth the standards setfsttr in s4:(x) of the Gafeld
County $bdhrf,i; nesi.rla$ons of 1984' as amended'
S.Alldata,surveys,analysis,sU{ies,plansanddee[nsasrequ}ed.Yt",ffid
Cotorado ard 6afie6 County fr"ri'Gi;;brittd' rcvi',fu, and fornd to meet
alt phnning and enlgneedng t"dd;;il; g.p'Garfield County Subdivbion
Regulations
NOWTHEREFORE, BE lT RESOLVED bysrq Bo.,ard of County Commissioners of
Garfie' coufi cd;;ihJ*"4 ;'il;;t*iGtion of facrs set foilh above, the
pretiminary pr"n ,rq;tlE approveo rvtsr the follorying conditbns:
All rwresentations of the fprlicant, either withln the applioation or slated at the
hearing befiore the B;;i; 6"rntyg;;;;;rs, stratt'ue oonsfttered corditims
o|]jjil*l;;bss rffi;,.,* mooiiReo bythe Gommission'
The Applicant shall conrpU wQ arldrain"g9, goqing:19J$ntftudion and
geotectrnicaf subsufroJil;ffifon for-pd*" ll, as presenH by HP
Gedecfi.
Illliltl]il ilLfi llt lllll llllll ffillllll][lIIlul'eii+rig sizlztzgoe orfloP Bl?82 P266 I'l fi-sDoRF
3 of 5 R o.oo D O.@ GRRFIELD C0INTY C0
b.
4.
A geotechnicalenglneershall be retained to inspect and evaluate allraw
lrading surfaoss, "u1;;*r, ditdres, and any otherexcavations before
covered witr strrctrr;;'nii, top*if,"tini9n blankets, foundatbn elements' etc'
in orderto insure, .;I#i,ai-p"dhb, thatvishleqlound and soil conditions
that may indicab t rfi;il;i *utlOinoe will be d'isoovered and addressed'
site-specificbundatlon investigations shall be conduc-ted for the irdivHual
dbs.
The Applicant shall dlscloss the potsnthl risks to all future purchasers
conffiirp pAenfaf setilsmentirom collapsbb soils Erd risk of spontaneous
g-rnd ofiittngs rehbd b crraporite kaot phenomcna'
6. Tlu Applicant shall insure that a|t property goundarle wlll be adquaiely martd and-
;otify *nent ard future homeorners as follonrn:
a. rne lipilt""t"lll post;No Truspassirg. sglagc--abng.ifs proPsrty
j1*ilJr-sg ;,h€ig and when ipptica-Ule along the actualproperty
b"rr-J;ri n*rerE anaOi:lcent rivei'property may adioln the LB Rce
Ranch LLC PrrycrtY line-
Tdd;r*;i ilri post;r.io Trespas'irg sg.lagg ah3s tre vktual high
i^t"rHJ* "*ty b6;r*'Jt ani when apP!ryqbb 1*ere lgo,iacent
rire, prop"rt, fini may be betorr the visual high watcr rnark adioinlU
trc LB Rose Rancfr LLC property line'
e form"l letter from ffi ItirnfirUgte Propfi Owne/s.Association will
Or r"* to each orrrer,t orrrrcr aiO runilra ornner making awarB of the
oosted eignage along any adiacant river properties gd to adlpreto
[l;-1]6 tE p;;irg'-rute. Alio stated in this btter will be a 6fiaprnent
i^olotirg g..t ure rinrurloge Property orryner's Association will rnake
; co"ce,ed effort to rnoniior this area in order to help edugils $ose
tfi ;*y-rtot-"Otr"r" b flire 'No Trespassiry' yl". . lronbridge
ffir;rirlre/s witl atso be mdc awarc that should a tcepassing
inddeil o@ur, an adiacent riraer property ff rEr can or rnay file a
cormphint witr Garfreld County Sheriffs Deparfinent
ffre itnUtlOge Poperty Owndfs &eociation will inform ircs rprnbers
on * *n;if ba66 Otidng its Annual Homeorrners tvleeting of the
"Ol"""nt
rtvnr propcrties ard ttre'No Ttcspassing'rule'
7. The appllcant shall place lhe follorirp- plat-noiles on T? ffnal plat-
a. 'GoloraOo is a ;nbht-tofarm-'-State pursuant to C'R'S' 3S9101, et seq'
t"anOowners, ,""r.:;nfs and visitors mtist Ue Prepared to acces lhe acilfuities,
slghts, sounits ana sme[e of Garfreld Countfs agrictltural qeraffons as a
normal and necessary aspec[ of livlng in a County trrilt a.sffong rural
cfianaaer and ;-h;ittty rad*ring esc{or. Alt must bo PPPared b cnoounbr
noise3, oaot ligttG;;rd, dust *roke chemicals, machinery on p.6[rc luds,
liv6tock; ;rbtic roads, storagc and disposal of manure, and the
3
4
tul|w|#l'HIl[$]fHJr[IlLur
applkiationbysprayllgorotherwiseofchemicalfertilizem,soilamendments'
herbicides, and pesticldes, ,nv o* or more of wtricfr may naturally occuras
a part of a bgal and non-negifu"nt agrirrultural operations."
r. "No open hearth sotkl-fuel fireplaces will be allowed. anw'hsfe within he
subdMsion. one l1fi;;il-:ft*l6rrins tt"* as oej$ bvc.R.S. 2$'7-
4.01, €t- seur., and ir,L rtgulationspt'G-itiJut?t"]g' will be alkrred in
any dureiling unlt. iiii*ffiinl ,Int p uiebvutsd an unrestuicted nranber of
#dfi-brming stwes and applianccs'"
;. "All orners of tand, rvhettrer randr or resittenqa, haveoblpatione urder sEte
larrr and County regu6ions .rtr t"'"td io tre mairrtenane of fencee and
inigaffon Oitd,"u, b-nfoifittg 11ry!, f,oping livestock and pets under
confot, usirg proi,.rtv ar-"*ira"lt intr zbniig, and other mpects of tlsing
and maintainlng ffim n"gO"tttt-anO tanitn'nera are enmuraged to
leam abo,t ttresc rghtB and responsibiliibs and acil a3 good ncigtrbors.ard
citizens of the C"rrii"e g""O l,ifoOrAory
"ou
rc9 tory19h informafnn b "A
Guide b Rurat L*ffi l-Bmarr scets Agricrrryr"" .q* out by the colorado
State University Erdension Ofrice in GarfEH Gounty'
d. 'All exterior llghting will be theminimum amount ngoBssary alr9 a.[ extedor
ftgrrting yiill be d;&J irmard anO Oorvnwad twvards the interior of the
subdivision, "ropt tii"t fro/nions may Uepade to allau for safrty ffgffing
ttat goes bepndthe property boundaries"
e, "one (1) dog wifl be alloved for cacfr residertial unit and the dog shall be
requiredtoueconrrr*wir'intheowne/spropertyboundariee'"
f. Tlrere are poEntial risks concaming seffile.ment ft'om.colhpsbb soib and
rfsk of spontan€ous ground openingJr.r"ro to waporile karst pherrcrnena "
8. The ffnal drawings sha[ rEfuG't the location, as approved by ttp carbondale Fira
prot6c11q1| Dbtri&, of thefire hydrant'on Blue Heron Vista.
9. No l'lgtrting shall shine off the qroperty. christmas lightE witl be allonnd ftont
Novembar f tfrrough Decomber bl,'and must be tumed off by 10 p'm'
1O.The appticantshall prwide guqt Rarkino anq.aryPpriale sbnage atthe lmnbffge
Recredon Cenf,i;;tiirg -rot roi nJ 6fnem 6f t6j resident's guests of Plannirg
Nca22.
1 1 . There shall be no on strget parking allqrtled on any sfeet widhs reducsd b 26 feet
and the applbantshall placc appropriate "No Parking'signagp on those strBets'
,,ury$',u}!uq!;lryill!$llH##$'tl[l#!'
Dated thls 20th daY of March' 2006'
)
)ss
)
GARFIELD COUNTY BOARD OF
EiinursstoNERs, cARFIELD
cot Nw,
STATE OF COLORADO
Co^untY of Garfbld
"fC*il,"u Eiryfffi[irHqm]#gr['#:r"r'rm:r$""H.*'*iitrt" g*rd of County Commbsioners
lNWtfNEssWHEREOf,.lhavehsrcuntosetnryhandandaffxedthe!??lof8aH
County, at Gtenvyood HptiG; tdis
-
il, of -
-
' A'D' 2006'
CourfiCbrkandcx-offciocbrkoftheBoe]dofCountyComrnlssioners
rtr
ACKNOWLEDGMENT OF PARTIAL SATISFACTION
SUBDTVISION IMPROVEMENTS AGREEMENT
KNOW ALL MEN BY THESE PRESENT thAt:
WHEREAS, LB Rose Ranch, LLC (the Owner), entered into h Subdivision Improvements
Agreement (SIA) with the Board of County Commissioners of Garfield County, Colorado (the
noara;, recordedinBook lB22atPage25Oas ReceptionNo.70242l of theGarfieldCountyrecords
on July lg,ZOO6,for the improvements of the Phase tr, Filings 1,2, and 3, konbridge Subdivision
located within the honbridgi Planned Unit Development, Phase II (formerly know as "Rose Ranch
P.U.D." subdivision); and
WHEREAS, an irrevocable Letter of Credit was delivered to the County in the amount of
$4,31 L,455.32in order to secure the subdivision improvements to be constructed by the Owner as
required in the Subdivision Improvements Agreement (SIA); and
W1ryREAS, the obligations of the Ownerhavebeen partially satisfied, as verifiedin attached
statement from Roger Neal, P. E., High Country Engineering, Inc. dated December 20,2m7 that the
work completed ii consistent with improvements described in the Subdivision Improvements
Agreement; and
NOW THEREFORE, at the request of the Owner and in consideration of the premises and
prior agreements, the Board hereby icknowledges the partial satisfaction of the Subdivision
Improvements Agreement entered into by Owner and the rst release ofsecurity in the
amount of $1,964,615.25 fot work completed
Subdivision Improvements Agreement, ond
remaining.
Chairman
STATE OF COLORADO
COTINTY OF GARFIELD
The foregoing instrument was acknowledged before me this 5s day of February, 2007, by John Martin,
as Chairman of the Board of County Commissioners of Garfield County, Colorado.
WTINESS my hand and official seal.
described in the
p irnprovements'u/
t
By:
)
)ss
)
My commission expires
Garfield County Clerk
E{ECB,[VED
CIVIL ENCINEERING
JAN ,2 2007
tr.i$,ltr?i"fiil$,il
LAND SURVSYINC
Re:
December 20,2006
Fred Jarman'G;ad C"unty Building and Planning Departnent
109 86 Srcet" Suite 303
Glenwood SPrings, CO 81601
Ironbridge P.U.D., Phase 2 - Partial Release of collateral RequestNumber one
n6il p'Jll.t No. ios t ot q'oo
Dear Fred:
onbehalf of L.B. Rose Ranch ,LLC,tlre Owner of Ironbridge P'U'D'' and in accordance
with tlrc terms of the Subdivision tmprovements Rgpem"nt by and between the Board of
County CommissionJ, "iC*n"ta
io*iy u"a-tf'JO*ttt"' thi' letter serves as the fust
,"qo.tt for partial collateral release'
High country Engineeringl Inc. (HCE) has been on site daily to observe the construction
orr-tlr" Project and certiff that:
1. All costs foNftich the release is being lequested have been incurred in
connection;tl' t1'" construction of the Improvements;
2.Allworkperformedandmaterialssuppliesareinaccordancewiththeplansand
sPecifications;
3. A11 work has been performed in a workmanlike manner;
4.Nofundsarebeingrequestedforworknotcompleled,orformaterialsnot
installed or stored on site; and
5'TheProjectEngineerhasinspected,approvedandhascertifiedthatallsuch
improroements f,ave been """r*;;Jil accorduo"e with the plans and
sPecifications'
There are three filing areas where monies have been allocated for the s'I'A' The three
filings and the *.;;;;;quest ro, ,.t.u". are shown on the attached estimate
breakdowns.
1517 Blake Avenue, Suite 101
Glenwood SPrings, CO 81501
970.945.8675 Phone
970.945.2555 fax
14 Inverness Drive East, Suite F-120
Englewood, CO 80112
303.925.0544 Phone
303.925.0547 fax
www.hceng.com
Mr. Fred Jarman
December 20,2006
Page2 of2
Please see the enclosed summaries of the costs being requested on the three areas of thenrojgcl' {e are requesting the fiurds in the amount irsi,qi+,0l5.25 be released and
::T1ltttd complete' This leaves $2,346,840.07 io;;ilil the remainder of rhe publicrmprovements.
Please contact me if you have any questions or need additional information.
Sincerely,
ERING,INC.
David Joesph - LB Rose Ranch, LLC
Tim Thulson - Balcomb & Green
M &T5 '
lo.
'#{#
-
IRONBEIDGE SABDIWSION (FIUNG 1)
sUr"A/llRY OF COMPLETBNBSS
rnsr cou,errnel, rg,eASB
tnONnruOGE SaBDIWSION EIUNG 1)
SUlvlIi,tARY OF ENGINEERS ES-TIMATED
PREUMINARY CONSTRUCNON COST
bffitfi-&
lwt',
10f 1
I
ltd,
I*.#**s Jld$d& fllisJharo*"xt*n*'{1p*teitretl
fagio J
co x lElRsss$sss'i$'Br$tsuRffim$r sffi3&wr#',;&*dffi1*;-ffi#' tas&,
*---orr*"=
' r'B Rose Raneh rJ'C
----'r#r' r SUR$EMENT AGREBMETTI :
,,-- *$tI$* i$.$lH;-lYff ";;;T"i"nr*b#*utnant
Bgseem*nf,r:) l-''-i**:unil* in3r. lf,i' a** n*t-****] ifta *arf*e$dr County
,s$a*d s.f, csnfirlf ct}ry,i:t1?4-,-1 1&,qqC,;r '
""*tt" 6rtrf,'ncl's s$un'tv'
tre*rurer., a*oud.ra ,ehanb**,.jii. r..b.# job,."}:;"*.,.*.4lffi' E,o's* Ranc*
tr,,si a FelawaJJ*ii**:iil ti#iirti li*eu"i (oo*rrer"l "
w*l$&E&$r Ehe BSfiC'. appr*ved the Preli'xixary PI'xn &p'plisat'ioll
f(}r uhe }r<rnbri.dge 9,,3*.i'1.1;;,
-;'t,u*" in;..?,1,"u"- l.: j-"1t1 "i
hi:?1il::;fi :
j;hi:;;is.H,:tt:rr,ifJ'.*?"ll"ix.r;o"rild;
recsrds ef *i1s clerk ***" ryeeJ}ffi-&::{.rr"*iJ countv' co}oradcr' ein
!4axeh 2?r e'One TJ'-n*"*ea'icn No'' 69{4?s;
$[ISREA$, insLant i-:-:n* fl]ing of Lhe I.ina] F]at' for uhe
,g,r.tbdiv*s,isnr * 6ne owq*,"'l[r*#f irio rilt t.]fi" suhdtu!'sion
r*provem€n*u ;i't*e*tent' .elasJ'ili'*;;1ry;- f)i aod
'
rocated r*i^thin
the lronbridse P"u;D' t**'oli;;-;;;;{ilu i'.t"ta"a in t'he records
'f *hs cl*rlq'i*a Rec*rder E*i'etiti;ia c*"};;*fi*;di is' [00'6 ar'
fur#tt.*'x" . 1:$QgY 'u . .. , ruff cien*
,WI$ESS& r ['he SI'e . ssqqir'ed hhs prsvisi:6r{; 6f s
f*n*nciat *s,s'uuance f*r o*g Hi-';I1*"in1,;;1ril#;v*mentsi
*
'&$ 'satd
trqpr*vemerrt,*' liii-' ?oa;*-h;; t{.};;; d- ; ; - paragr ap tt 2 a r the s r& i
'irHg&sp.$, 'f'n }i&u' of .f'3'* pmgt{xlg il-uo 'i'rretloeabie 'I'*ttnr s'f
*xedit rs se*ufe nsns's*o-ri[u lJi tU* f*'qi"*t'*"*s1 an'd .coaslrstent'
wirh par*gr,aph, 3,,1*" .{ rrtn**iiga, $*rvlar -" ;,ffi 'xo0c'*nterad into'
ti:ar c*rt"alo DepcsiL -q"d""don-tfiii*iyl
-ei"u**"'"tt (o,eposlt
Aqreemenr,,), a- :noy of ,*nill ii-ltti.rt*A"it*"*ii"""C incorp*r*Led
X"re*n as Exhibit n;
rsrdffRfi&sr irr esssrdesst -:lI :1-1,.:f:|rtir'rs cr mougof:*l
Agr.eemenr, owner delirrereo*:or*.r;I|,[;": -;i;h- anlounr, less the
,i[n;-ir in ri'!e amcunt ?.f^$n.r){'}op'.u.' "; ;;;;";i; uuinq trqla }v
iffi
--*
JJffJJJ
* *{ :* 11| fffi {fl . :r3ffi:ff .ilii %*' i}} I I
uII*"g*"*" ryi*Ir t",lre Er*&s,rlrsr,*""i1'*illll **raded;
$estfqns sg-io't*r' e't ssJ]'-'i"*-'o-i*rot" t'x's"' &$ &
?$tl.EI{&&$,*,h*$ep$s,it'Agre*rr*entp,fsv*d6's.*h*tfit}
ffi:&utoss&sfi.1\scvurx;rlr$rystnrct!'FinslPtettrGqsqT.rB${}i$b.qPc{tiostA*r6e'r8il12'?s'06'$pil
*s:rte,trt Xcru*Il l-$.rbur**mellr Jg1*erre*r
Ptgir J
dj-,tbw,s,sm*&*rtts from t?re Caeh Sepcls8t ers 't:^{} 'h* made 1n' aqeordii}roe
w*f'It fltl* '*srfirs: ,fffid Prsvi:$Ton$ Bf' ,& s*pase,t*r ag[resmafit' to he
eH#e*t*d in th* futu#e by ,t.he part,ies heretoi
WIIERE&S, the Owner has completed co*slructirrn c,rf subetantial
pnrtf,*nS, 1g *5 Smprm,ti*rnsats, *rtli **,*X*$ t,CI havs re,]ea$ed fr*m tlfg
,t*easur**f s eCaolini, that ll$rtiish of 'Lh* Cash sepqslt securing sa;i"d
cs$structionl and
WHEREAS, Oxnet, t"he BOCf, and the Breasurer, iR acqordance $ith
the terms ahd provisi.ons of the SIA and Deposit Aqreery,nl. r*ish to
se* fo h '5q rprosedrm. Ilursuant to r*hich future diebrtr$sm*n*s
f'ror* tt*e fia;*,lr *elle*i,h $it*tl ,he tnxde".
x,. qis.h}{€Se,msn.q,i 4\q$$$$t,{i$1. ffi&efi shatr}, S;fi$taE'tr' to :gadh
rsquest ** ,of fund"s frr:m the Cash ryp"1*},fo{Low the procedures sat forth within Baragraph 3. af. the S,IA-'
r* $*h grrcekures ar'g hetebSl ineoryo.rafled fl$- E.f. 'ful}"i;y' o'et' f.osth
irerein.
fI,. eOS$,A,fXlLq$:Ig$pm*hh *nfl ,$trres.l+ip$. If the Wp'S' qpprsv€$
uhe ce*tif t-'t; :&ccorda::ce with the SIA
Faraqraph 3,, procedures lrereirrabove stated, the BOCC shal} i:s,sue
i'fs 'i&ekn*.lrledgnent of $atisfaCti*n end filg6ct:tCIn te Ytaesurer", j.n
m fo,rr* s,rrbs,&a:rl*1ally. simillxx to thst db'*urnent ehtdlahed rrt*,set.CI and
incorporated herein as Exhibit B.
IIS. I$4i.qer, tpn$$nf...an'd .3,ndefir1*gq- Cwner cor'$Srt's to , !"fi1dishurselne auttrori'zei$ ffnd provided
for hy tSre t*x.ms of this sishursaxrlent &gfeef0en. ,-, !CIttne* wat$es anY
e:*.&r-rn- agains'f, fhe ,S$ee, Sts o,ffi<:en'a, *rnployegs, agen!;a, arrd
f,sntflact;r$, snd the Treasuser on account oi e&ctr of their good
fa*** p*rfnrr*ance Of tfreir ohllgattuns uRder '$hi'*. Pt$b.ur.$.. tnent
&Er.*SgTent.. S.lpne:r shaJ"X dafand, indemnify and, fmld harlbtes,s the
SSCf,,, *tx' offic*rs:r ,sry&ey&ssr eg,erlt,$ &hd coniLraetors', ertd ttle
frua,s,nrer fr$Ixr and aqainst ,&Ay ifain mads *n' ae*orlnl of Uhis
Disbuxsement Aqreement .
fv. :ndemq,tf,ic €.Sqllt of,;.S'sre8i$jlrlle'f o wher and tha BOSC iaedh
she$I. trm*ua:*y defend, indemnify sn$ hold U,hs 'Sr,sa,sr,rr.er harmlegrs
fr+rn ,4&.1r .*tr,ais'r raad*,* Srsnex ,nU che BOCC *p,*h *ra*.ve any nlia:inn
egminaE the:T::*a$urer invoJ"ving thia Sisbr^lrq*:ae.n.tr S"Sr&eme*!.t:, rlrlle*s
*rl**h *ln*yrt ir premJ.secl upon Uh* ve,n[c.n. ,afid 'r+$Ilfr*J" :tri*.coladuot sf;
r.h* fr*asurer.
!{cW *,.HSNEF0{[U'. Lhe parti"es hor.shy ag*ee *e f,'ol[$us:
V. &rihdisq .&S$qgS" Thi:s D,i*bu"q*ernen:t *qieiinent *haII $p
E:lH,Koss Rsn$h\PEvE[OpUfiVnplasr: ttr Final FlmWarCq Trw*Disbu$eff]sat Agrwmffit l?-?CI,06.s0d
i$: itrrre #*n*ir tr)fu{arsex+*xr d$r*"emerl
Frgr J
,h.flnd;t,r*g trn r*h$ sucee$sors and a$$lgns of &,LI par.t&e,s A*d sha[l
,ii*x,srtrii$,.t,a Hpsfi f;t.na.[ d*sbu.rsemsfit. a$ ,fund* held by the, frqa*-rr,ner, i"n
Uh* € $*p*$,i,,t'.
v[." funmu*$S]l" ffs*h,ixg' s.snta*rl,ed in tRS.s B,lsb.uxsemefit
>rr*em*nt qpfiIIffit"ss a waivef CI,.f, qover.nms{tfieJ": *,ex gf$rle e
ts th* BS*e r*miiler, Colorado lat*"
V-,'n.S. S* . Xhs,nra,k*,ng and executior of thts Dfsburseffient
&grean*nL shal.I rtot be deemed to create e pa*tnershipo ioi.*t
vent,ure, $r ege,rley $f f*drlci.arlr r*Istl,on6h{p ,amehg the, p.*rties.
Il'fI[ . [+t*,Wgitlpn. This Oisburs,eaffint *g,r.6$Ssfi't
cOll.stitUtes ,*!re entire agree*lent Arneng f-hp pastleg-' ::Ilertai-*ring to
the rfisthfid of disbursemsnt of funds from the Cash seposit'. N<r
*,r*pplenrex*., ,randificat.ioh o:r se,lsn rl't clf , thI;s .Figh,trsement
agilementr sther hhan ahgnqrer xq to r,lofi*ee i:sf,orma.t'iarn* ,*}a1t be
binding unless executed in wri.tirg ir.r ,a,dEe,B.nent" ,ef equaL formaltty
as this Depcsit Agreemenl.
rx. N,o$iceq. Any notice reqtrired or permittad by this
Oisbllrssmen{ -egraement sha}l be given in wrj.rting and shalL be
errecrrve xpon t"he date of de)"iveryr otr at,tetnpted delivery, if
delivery is- refused". Delivery shall be made in person' or by
*e,r,t$S'*&a, ret$rn xeoeiipt requ*lted tl. $.. MA;il. or rea€ipled deti'ver
s*rvice to:
&Q,GC,r
c1* Bul"-fding e Fl"annlng Department
&ffS,: Fred Jarman, 0i-"recton
i0E Eighth Street, 4th Floor
Glenwned $prings, C0 81601
, f?re: in: (s?0} $,45*S2]"3
S"ar.f*.el$- Qount.v freasu.rer i
S:*mrg;ta €.hanrber],Ia * n
ISs ffi*, .h. $*s.s*tr, Suite ?0,{
GleffiEoed $pring*, C0 8i601
Hhene: (9?0) 9{5-63S4
,&gssgr[* H,os* Ranc,h &I,$
e,l* Ti.nn*tln.y el"t*n fh$lssr.r,
StS 'CoL*rado Avenue
:slr*nr^r6$d $prinEs,i, s 8'1$s1"
Phone: t9?0) 945*6546
l3:\tr$I(ss* Iis$shBEVgLOIIMEhtTWI$se tl F,rxal Pla[lG$rCo Traer ]isburncrmnt AgrEBm€$t t?30:06.upd
'iL# #g* &s,r* t*"qirl*rxcrfsal e{grwunr*g
fuS€ 4
t*tg.: i1 a,fd1+rss, .llhone nundrqr and idenriry of acrntacrs*atJ he rn*.de i"n writi.nc, and may be made rs*t.hour fo,rnrsfo* this sisbursemeRt ag;e;ilt.-"
WHSS&I{,S,. ,th* p*r,bles hx,vet* be eff,e*tive on the, dateb,er*e :i.cfir,:r, rr"ted n**",
SSHH{f$il i.
Bo&RD Orlsst}!,Ist
GNRT"IETD COUNTY,
$eused this H$,sbur$romeritof exscuti*n hy fhe
Per$-Q.{}::{sL
,,atnendm*;mt
ftgr**rnetr,9
S{}Gfi, ai.s
&f?s$.?:
*trexk t0 the S$er.d
esMMr$$rqNffi
',,g,o-I,ss&$0
Eyr
John Martin, Chairmat
Sate:
GSRFTULCI ff0u.Nuf, rffie$u.&si&
8y,
,Geor:gi"a C,hsiriberla"dnn - rDate;
ti6b*J"iqy eo$pffrly, its managiaq
OWNSR:
I^B RO$E R.&NCII LIC/ s De.Iarare
}"im&bed, tiffi i 1g11 p*mpany;
srr $et{r &$ci a uii:_a#e ir$*eea
st€filbet'
euuhor$"ie-ffi
TTN:
-*ik-_*_-.-_%{ }a*p"a:re r f dent j. f icati,o,rr,l{r,Bffir }
.-
S-ate.ll
Er$ftft$s{:N'a?$li\t}Hv$tCI}MtttTSpheBr]r.Finsd rl}*trrfis!. s T,rs&,sslqyrrs$pr4#9c,H&rt,r&#s,0.6..r}?{r
!-.1
d
{t,r}
dl$
"_plt}.tt
l{r*
q.*
(}
s.
*
v
s
"{r
)tii
ql
tfr,
{,fi
.{.J
!rir&
t:13,$
*3.ii
,g
.'fJ
*1
o.fil
:rd
.3{.-t
*Iu
([
{"}
l*lFt
u
4&
trl
{.4ifi
d{
H
|-'l
Hs
tt
ldtl
.a
OJ
ts
,h
"I")
1r1
u
Ed
tr
{-r
t'.d
{J.rt:
ltfe
P'lr
{d
't5
o-I
-Jl
,.J
ftt
t:pos
d)
90
ritg
rit
g
dc:,f
fr.
"a
;r;*
t)
!l
*
*
3s
,gt
iE$
,&t
,GE
$i
$E$
fi$;-x
TI
IE,t
${.
&
a,:tc
tg
fr,t
stf{
!r"{
$,,ql
o..s
e)
t.*lc\lS"r I$(}F(}to si
,r f4,i
fr
:'s
't:
*
,e",
t:4*t-i
&t
{s
r-{
tt
,{*d
fi
{B
s
tlt
'i4H:{t
srfl
fr
ww;ir ,i: a{
IOBls,tg H *,sffi xB* st lS F,lffi&,&e{ e}A
)t&r E"rE{z{DFr()
v, L)
H:
Y*
p
s
p
T
Eq
.k h"q i,,q^f
El
,oi{
-,n-'-
l4r
)4
&l
ds;a:i
$,
ss..t
u
("1
>TE
a
h
f'
s
U4
Es
{J
{8
?,
&1.t{
,:*l*{
0:.
,lti
pl1
dr
{r$'l{*rss.frrmrr6 Sil{**rs*r.nl*r# dgna.l*xrea*
t'atrg* 6
R*.trfi[Pt
Che*k hlo.
ex*a ;sr
grffi!'nqs$'Rscnwul'Bt;{}F}rs}Jr\phnse
il Finqr Frnt\Qs{},srreesffi}i'orarw.48res}srf i}i*r},{6,r6ffir
&"*gw;irffi'%
Bs.r
Sr:int $Exne;
I'.Lf,ie:
Sabe,l
E".tlxll]1"0$.9 sha]1. be se.nt tc:
H
CIVIL ENcINernINc LRtto SuRvpylruc
December 20,2006
Fred Jarman
GaffigJd County Building and Planning Departnent
109 8"'Sfteet, Suite 303
Glenwood Springs, CO 81601
Re: honbridge P.U.D., Phase 2 - Partial Release of Collateral Request Number One
HCE Project No. 205 101 9.00
Dear Fred:
On behalf of L.B. Rose Ranch, LLC, the Owner of Ironbridge P.U.D., and in accordance
with the temrs of the Subdivision Improvements Agreement by and between the Board of
County Commissioners of Garfield County and the Owners, this letter serves as the first
request for partial collateral release.
High Country Engineering, lnc. (HCE) has been on site daily to observe the constuction
on the project and certifu that:
1. All costs for which the release is being requested have been incurred in
connection with the construction of the Improvements;
2. All work performed and materials supplies are in accordance with the plans and
specifications;
3. All work has been performed in a workmanlike manner;
4. No funds are being requested for work not completed, or for materials not
installed or stored on site; and
5. The Project Engineer has inspected, approved and has certified that all such
improvements have been constructed in accordance with the plans and
specifications.
There are tlree filing areas where monies have been allocated for the S.I.A. The three
filings and the associated request for release are shown on the attached estimate
breakdowns.
@
Employce-Owned Company
1517 Blake Avenue, Suite 101
Glenwood Springs, CO 81601
970.945.8676 phone
970.945.2555 fax
14 Inverness Drive East, Suite F-120
Englewood, CO 80112
303.925.0544 phone
303.925.0547 faxwww.hceng.com
Mr. Fred Jarman
December 20,2006
Page2 of2
Please see the enclosed summaries of the costs being requested on the three areas of theproject. rMe are requesting the funds in the amount of $r,964,615.25 be released and
::T11Td:omplete. This leaves $2,346,g40.02 to compG'the remainder of the publicrmprovements.
Please contact me if you have any questions or need additional information.
Sincerely,
EERING,INC.
David Joesph - LB Rose Ranch, LLC
Tim Thulson-Balcomb & Green
-
H
*-. b" b.ld Bp-.ibb 6n rd;H,-it:;fr
,#'
H
;
I
n
DEPOSIT AND SUBSTITUTION AGREEMENT
THIS DEPOSIT AND SUBSTITUTION AGREEMENT, ("Agreemen(') is made and
entered into this 17th day of |uly, ?fi}5 by and between LB ROSE MNCH LLC, a
Delaware timited liabilii comPany ("Owney''), and the BOARD OF COUNTY
CoMMISSIONERS FOR GARFIELD COUNTY, COLOMDO, ("County").
WHEREAS: Owner is the owner and developer of that certain real propetty
located within Garfield County, Colorado, known as Ironbridge Subdivision, Phase II,
Filings 7,2and 3 ("Phase II Property'');
WHEREAS: Approval for the preliminary plan for the Phase II Property was
obtained under the teims and conditions set forth in Resolution No. 2006-3 heretofore
issued by the County on February 2L,7,,,006;
WHEREAS: Owner has submitted to the County for its approval the Final Plat
for Phase II Property and all documents relating to the same including the Final Plat and
Subdivision Improvernents Agreement ('SIA") have been executed by Owner and the
County and arebeing held for recording by the Garfield County Clerk and Recorder;
WHEREAS: The SLA provides for among other things that the Owner deliver an
letter of credit to the County to Secure and Guarantee its performance under the SIA or
other form of collateral which is in a form acceptable to the County for this purpose; and
WHEREAS: Owner desires to make in lieu of the letter of credit a cash deposit
with the County which deposit may be substituted with a letter of ctedit as herein
provided.
NOW, TI{EREFORE, for and in consideration of the premise$ and the following
mutual covenants and agreements, the parties hereby agree as follows:
7. CASH DEPOSIT. In lieu of the letter of credit required by paragraph 3.a.
of the SlA, Owner hereby delivers to the County a cash deposit pursuant to wire
transfer in the amount of $4,354,569.82 which anount represents the total estimated
costs of completing the public and other subdivision improvements within the Phase II
Property as set forth within Exhibit B to the SIA, together with a one percent (1%)
Treazure/s Fee to be applied as hereinbelow set forth. The cash deposit shall be held
by the County until the earlier to occur of the following: (i) delivery of a }etter of credit
in the form and in the amount as specifically described in paragraph 3.a. of the SI& or
(ii) thirty (30) days from the date hereof. In the event that the letter of credit is not
substituted for the cash deposit within thirty (30) days from the date hereof then the
County shall deposit the check and establish the Cash Account as provided for in
paragraph 2 below. At the time the Cash Account is established the County shall be
Deposit and Subetitution Agreement
LB Rose Ranch LLC/BOCC
E:Wronbridge & Rose RanchtiPhase II Final Plat\Deposit and Substitution Agreement.doc
Page 1 of 3
Exhibit A
entitled to assess the above identified Treasurer's Fee, which shall constitute one percent
(lTo) of the cash deposit, and to deduct the same from the cash deposit. In th; eventthat the letter of credit is delivered to the County within thirty (30) days from the datehereof then the check shall be returned to the Owner and the letter of credit shall beheld by the County as provided for in the SIA.
2' CASH ACCOUNT. In the event that the letter of ctedit as described inparagraph 3.a. of the SIA is not substituted for the cash deposit within thirty (30) daysfrom the date hereof, then the County shall deposit the cilck hereby delivered into aninterest-be]ring account and establish a cash account ("Cash Accounf'1 which shall be inlieu of the letter of credit described in paragraph 3.a. of the SIA and which Cash Acmuntshall secure- an{ 8{[a1tee the performanie of the Owne/s obligations und.er the SIA.Prompfly after the Cash Account is established, the County and dwner shall enter into aDisbursement Agreement in form and substance satisfaciory to the County which will
Sovern the terms and conditions of the disbursement of the Cash Account of r paymentof or reimbursement of the Owner for costs of completion of the subdivisionimprovements required by the SIA.
3. suBsrITUTIoN oF LETTER oF CREDIT. owner may at any timeafter the establishrnent of the Cash Account deliver to the County a letteiof credit in thefo"*":qYud by paragraph 3.a. of the SLA and irnmediately upon delivery of such letterof credit the balance of the Cash Account shall be paid t the Owner and the substitutedletter of credit shall be held by the county as proviied for in the sIA.
4' BINDING EFFECT. This Agreement shall be binding upon and inure tothe benefit of the Owner, its successorr ria assigns.
5' ENFORCEMENT. This Agreement shall be governed by the laws of theState of Colorado andany action for the inforcement of this Agreement shall be broughtin the Dstrict Court of Garfield County, Colorado,
6. COUNTERPARTS.This Agreement may be executed in counterparts,
::*-'jjT*:11,,0:jeemed.anorigi"i'r1!"u"i#r,i.i,;il;;;;#,;;",#r:fi ;ii
3:::T.*:::j11 ll: T*u instruient. rni. At.;;;l il';,;-,,s"ff;;;;;transmitted by telefax copier and all parties agree itlna]I be a legal, biniing agreement.
Deposit and Substitution Ageement
LB Rose Ranch LLCEOCC
E;Wronbridge & Rose Ranch\Phase II Final Ptat\Deposit and Substitution Agreement doc
Page2of.3
ENTERED INTO the day and year first above written.
LB ROSE RANCH LLC, a Delawarelirnited
liability company, by pAMI, LLC a DelawareIimited liability company, its managing
member
Deposit and Sub,stitution Agn cmentLBRose Raach IICT8OCC
A:\Deposit and Substitution Agreement.doc
Page 3 of 3
lL'#U Jl.qlill}u#l lFu:ut 'I' u$l!''ll!'lJ!!'
SUBDIVISIoNIMPROVEMENTSAGREEMENT*"io[*lxl-1"'*l?iiJHdiH?s8f uBDrvIsIoN
IHIS suBDIvISIoN IMPRovEMENTs AGREEYI$ t..^f::'f:.::):',Tti3g
entered
-i*o
,ftit Z daY of ZOOO, Uy and betwee'-Lq$IP
ilil"J,'Ii;^l:ffi t'lloii"afi@"9y.y5l,gyf :i:*lTi,:"
E3ili[":?'"ffii'lild,XH;"'f#'J",",,y;c;1r"19,:::':,*::1?,1%Li'iodvporitic
if; '#J;i,li-",ifi,"ffi ;Xil;;;;,;presentatiuesandagents("Bocc")'
WHEREAS, owner is the owner and developer of that real property located within
Garfield County, C"f"i.J" r,rretofore *UOiriaJiitioo and blocks undlr ttre Amended and
Restated Final Plat, Ironbridge Planoed unit oe,,ropment, Pl1*,1 recorded in the records of the
clerk and Recorder t"ic.rfirro county, c"[i.0" im June 16, 2004, as Reception No' 654210
(collectively the, "Phase II Property);
WHEREAS, the Phase II Property is subject to^planned unit develoPment zoning
heretofore established by the BOCC unO", i','otution Not' qb'gO' gg-A6't'2004-20 and 2006-35
recorded in the ,.*iOr'oi the Ctert< unO n..o'Oti for Garfield Count!' Colorado on Sep' 09'
lggg, June 0g, 1gg9, February 11,2004 anJ-iu,y, zz,2006 as Reception Nos. 531935' 546856'
inOlh and 69447 8, respectivel y ('ZoningApprovals");
WHEREAS,onFebruary2L,2006,theBocc,!YResolutionNo.2006.S4,heretofore
recorded in the records of the Clerk and ;i;;;td.; for'Garfield County on March 22' 2oa6 as
Reception No. 6gaaii, ;;;;"rd u rr"ri,ninury- Plan for- the re-subdivision of the Phase Il
property which, inter afii)would .r.t iii J'ingle-family residential lots' open space' golf
.o"it. and utiliry parcel ('Preliminary Plan Approval");
WHEREAS,asaconditionofapprovaloftheFinalPlatfortheofthere'subdivisionof
rhe phase tI property (hereinafter ttt., *SuiO]'h#r; submitted to the BOCC for approval as
required by the tuws'oi the State of Cotorado, Ownei wishes to enter into this Agreement with
the BOCC; and
WHEREAS, Owner has agreed to execute and deliver a specific form of collateral to the
BOCC to secure and guarantee Owner's ;;;f"t*."* under thii Agreement and has agreed to
certain restrictions and condition, ,rgurfing the sale- of properties and issuance of building
;;; anO certificaies oi o""rp.n.y, i'll ut ii more fully set forth hereinbelow'
NOW, THEREFORE, in consideration of the mutual covenants and promises contained
herein, the parties agree as follows:
l.FINALPI.ATAPPRoVAL.TheBOCCherebyacceptsand.approvestheFinal
plat of the Subdivision, on the date set forth above, subject to ih" tti't and conditions of this
SuMivision Improvements Agreement
Phase II, Filing l, 2, and 3
I r onbr idge Subdivision'iiiliir"rtiiAgt & Rose Ranch\Phasc Il Final Plat\SlA Fbrm l2'052 6'6'06'doc
Page 1 oft2
*?l
t IIlil ilil lliltil ll[ lll il]il llil ilililt il] Illt
702427 07/19/29106 L2:52P 8L822 P2St I2 of 33 R o.OO O O.OO GRRFIELD C0UNTY
Agreement, the Preliminary Plan Approval, the Zoning Approvals, and the requirements of the
Carfield County zoning and subdivision regulations and any other governmental or quasi-
governmental regulations applicable to the Subdivision ("Final Plat Approval"). This approval
authorizes construction and development within Phase II Filings L,2, and 3, of the lronbridge
Subdivision as approved under the Zoning Approvals and the Preliminary Plan Approval.
Development within future phases shall require further approval(s) by the BOCC of subdivision
final plat(s) and associated subdivision improvements agreement(s) and other documents
required for approval by the BOCC of future phases. Recording of the Final Plat shall be in
accordance with this Agreement and at the time prescribed herein.
2. OWNER'S PERFORMANCE. Owner shall cause to be constructed and
installed, those subdivision improvements, identified in Subparagraph a. hereinbelow
("Subdivision lmprovements"), at iB own expense, including payment of all fees required by the
County and/or other governmental and quasi-governmental entities with jurisdiction. The
Subdivision Improvements shall be completed on or before the end of the first full
following execution of this Agreement, i.e.,
(completion date), in substantial compliance with the fol ng:
a. Plans marked 'Approved for Construction" for all Subdivision Improvements for
the Subdivision, prepared by High Country Engineering, Inc. listed within Exhibit A, attached
hereto and made a part hereof; the estimated of cost of completion, certified by and bearing the
stamp of Owner's professional engineer licensed in the State of Colorado ("Owner's Engineer"),
attached to and made a part of this Agreement by reference as Exhibit B; and all other
documentation required to be submitted along with the Final Plat under pertinent sections of the
Garfield county subdivision and zoning regulations ("Final Plat Documents");
b. All requirements of the Preliminary Plan Approval;
c. All Zone District Regulations and other requirements approved by the BOCC
under the T,oning Approvals;
d. All laws, regulations, orders, resolutions and requirements of the State of
Colorado, Garfield County, and all special districts and any other governmental or quasi-
governmental authority(ies) with jurisdiction; and
e. The provisions of this Agreement.
The BOCC agrees that if all the Subdivision Improvements are constructed installed in
accordance with this Paragraph 2; the record drawings to be submitted upon cornpletion of the
Subdivision Improvernents as detailed in paragraph 3 (c), below; and all other requirements of
this Agreement, then the Owner shall be deemed to have satisfied all terms and conditions of the
7-oning Approvals, the Preliminary Plan Approval, the Final Plat Documents and the Garfield
County zoning and subdivision regulations, with respect to the installation of Subdivision
Improvernents.
S u Mtvision I mprovenents Agree ment
Phose II, Filhg 1, 2, and 3
Ironbridge SuMivbion
E:\l\lronbridge & Rosc Ranch\Phase ll Final plat\SIA l.brm 12.052 6.6.06.doc
RLSDORF
c0
yeat
206
Page 2 of 12
ilillll ilil ililt ru lll il]]t tlilt ilt il]ll ilil ilt7o742t O7/|9/2OOA 1,2t52P 8t822 ?252 n RLSDORF3 of 33 R O.OO D O.OO GRRFIELD C0UNTY c0
3. SECURITY FOR IMPROVEMENTS.
a. I-rtter of Credit. As security for Owner's obligation to complete the Subdivision
Improvements, Owner shall deliver to the BOCC, on or before the date of recording of the Final
Plat of the Subdivision with the Garfield County Clerk and Recorder, one or more l-etters of
Credit in the form agreed to be acceptable to the BOCC, hereto and made a part of this
Agreement Exhibit C ("LOC"), or such other form of security as may be deemed aiceptable to
the BOCC as provided in paragraph 3 (g), below. The IOC shall be in the amount of
$4,311,455.32, representing the full estimated cost of completing the Subdivision Improvements,
including a sufficient contingency to cover cost changes, unforeseen costs and other variables
(not less than LOVo of the estimated costs and as approved by the BOCC), the cost of Subdivision
Improvements already completed as of the date of execution of this Agreement, all as are as set
forth and certified by Owner's Engineer on Exhibit B.
b. Revegetation Secur!8. Revegetation of disturbed areas in the Subdivision shall
be secured by delivery of a lrtter of Credit in a form acceptable to the BOCC, attached to and
incorporated in this Agreement by reference as Exhibit C oi such other form of security as may
be deem_ed acceptable to the BOCC as provided in paragraph 3 (h) below, in rhe amount of$tSzr4t{.or from the Owner to the goCc ("Revlgetition tob;'1. Ihe Revegetation LOC
or such other form of accepted security shall be valid for a minimum of trro (2) years following
the recording of the Final Plat and shall be subject to the following provisions:
i. Upon establishment of vegetation, the Owner shall request review of the
revegetation work by the Garfield County Vegetation Management Department,
by telephone or in writing. Such review shall be for the purpose of verification of
success of revegetation and reclamation in accordance with the Garfield County
Weed Management Plan 2000, adopted by Resolution No. 2002-94 and recordedin the Office of the Garfield County Clerk and Recorder as Reception No.
580572, at Book 1251, Page 566, as amended, and the Revegetation/Reclamation
PIan for the Subdivision submitted for Preliminary Plan Approval.
ii. Following receipt of written approval of the Vegetation Management Department,the Owner may submit to the BOCC, through the Building and'planning
Deparfttent, a- written request for release of the Revegetation LOC, along wit[
certification of completion by the Owner, or Owner's agent with knowledfe, and
a copy of the written approval of the Vegetation Management Department.
iii. If the Vegetation Management Department refuses approval and provides written
notice of deficiency(ies), the Owner shall cure sutn aefciencies by further
revegetation efforts, approved by the Vegetation Management Departnent, as
such may be instituted within the two years following recoiding of the Final plat.
iv- If revegetation efforts are deemed unsuccessfut within the two year period of
time, in the sole discretion of the BOCC and upon the recommrnd.tio, of the
Vegetation Management Department, or if the BbCC determines that the Ownerwill not or cannot complete revegektion, the BOCC may withdraw and employ
S:tbdivision Improvements Agreement poge 3 of 12Phase II, Filing I, 2, and 3
I ronbridge Subd ivisi on
E:V\lronbridge & Rosr Ranch\phase ll Final ptar\SlA Form"tL.0126.6.06.doc
ililil lllll lllllll lllllllllllllll lllll lll illll llll u
70?4"t o7/t9/2006
4of33RO.OOO
l2:52P 8L822 P253 ll
O.OO GARFIELD COUNTY
RLSDORF
c0
from the Revegetation LOC such funds as may be necessary to catry out the
revegetation work, up to the amount of Revegetation LOC.
In lieu of or in addition to drawing on the Revegetation LOC, the BOCC may
bring an action for injunctive relief or damages for the Owner's failure to adhere
to the provisions of this Agreement related to revegetation. The BOCC shall
provide the Owner a reasonable time to cure any identified deficiency prior to
requesting payment from the Revegetation LOC or filing a civil action.
It is specifically understood that the Revegetation LOC is not subject to
successive partial releases, as authorized in subparagraph 3(c) below. Further, the
Revegetation LOC, and the BOCC's associated right to bring a court action, shall
survive final release of the Revegetation LOC.
LOC and Revegetation LOC Reouirements. The LOC and the Revegetation LOC
required by this Agreement shall be issued by a state or national banking institution acceptable to
the BOCC. If the instirution issuing the same is not licensed in the State of Colorado and
transacting business within the State of Colorado, the LOC and the Revegetation LOC shall be
"confirmed" within the meaning of the Uniform Commercial Code, Letters of Credit, $4-5-101
et seq., C.R.S., as amended, by a bank that is licensed to do business in the State of Colorado,
doing business in Colorado, and acceptable to the BOCC. The LOC shall be valid for a
minimum of six (6) months beyond the completion date for the Subdivision Improvements set
forth herein and, as to the Revegetation LOC, a minimum of two (2) years following recording of
the Final Plat. If the time for completion of Subdivision Improvements, including revegetation,
is extended by a written amendment to this Agreement, the time period for the validity of the
LOC shall be similarly extended by the Owner. For each six (6) month extension, the face
amount of the LOC and if applicable, the Revegetation LOC, at the sole option of the BOCC,
shall be subjea to recertification of cost of completion by Owner's Engineer and review by the
BOCC for a possible increase in their face amounts in order to assure sufficiency of the amount
of security to allow possible completion of the Subdivision Improvements and revegetation by
the BOCC under terms of this Agreement. Additionally, should either the LOC or Revegetation
LOC become void or unenforceable for any reason, including bankruptcy of the Owner or the
financial institution issuing or confirming the LOC or Revegetation LOC, prior to the BOCC's
approval of Owner's Engineer's certification of completion of the Subdivision Improvements,
this Agreement shall become void and of no force and effect and the Final Plat shall be vacated
pursuant to the terms of this Agreement.
Partial Releases of Security. Owner shall request partial release(s) of the LOC by
means of submission to the Building and Planning Department of a "Written Request for Partial
Release of LOC," in the form attached to and incorporated herein as Exhibit D, accompanied by
the Owner's Engineer's Certificate of Partial Completion of Subdivision Improvements, stamped
by Owner's Engineer. The Owner's Engineer's seal shatl certify that the Subdivision
Improvements have been constructed in accordance with the requirements of this Agreement,
including all Final Plat Documents, the Zoning Approvals and the Preliminary Plan Approval.
Owner rnay also request release for a portion of the security upon proof that 1) Owner has a valid
contract with a public utility company regulated by the Colorado Public Utilities Commission
Subdivisian I mprovements Agreemet t
Phase II, Ftlhg l, 2, atd 3
Ironbridge SuMivision
E:\l\lronbridge & Rose Ranch\Phase ll Finat Plar\SIA Form 12.052 6.6.06.doc
v.
vl.
Page 4 of L2
tIllil ililt lllllllllll lll llllllll lllllllllllll llll Ll_lltgZ+Zt O7/79/2OOG l2z52P 81822 P254 l'l RLSDORF
5 of 33 R O.OO D O.OO GRRFIELD COUNTY C0
obligating such company to install certain utility lines and 2) Owner has paid to the utility
company the cost of installation as required by the contract. The BOCb shall authorizl
successive releases of portions of the face amount of the LOC as portions of the Subdivision
Improvements, other than revegetation, required hereunder are certified as complete to theBocc by the owner's Engineer and said certification is approved by the Bocc.
e. BOCC's lnyestigatis. Notwithstanding the foregoing, upon submission of theowner's Written Request for Partial Release of LOC, along with b*n!r" E gineer's Certificate
of Partial C-ompletion of Subdivision Improvements, the BOCC may review tf,e certification andmay inspect and review the Subdivision Improvements certified as complete to determinewhether or not said Subdivision Improvements have been constructed in compliance with
relevant specifications, as follows:
If no letter of potential deficiency is furnished to owner by the Bocc within
!!e_en (15) days of submission of Owner's Written Request fbr partial Release ofLOC accompanied by Owner's Engineer's Certificate of Partial Completion ofSlbdivision Improvements, all Subdivision Improvements certified as complete
shall be deemed complete by the BOCC, and thi BOCC shall authorize release of
the appropriate amount of security.
If the Bocc chooses ro inspect and determines that all or a portion of the
Subdivision Improvements certified as complete are not in substantial compliancewith.the relevant specifications, the BOCC shall furnish a letter of potential
deficiency to the owner, within fifteen (15) days of submission of bwner's
I/riltgn Request for Parrial Rerease of Loc accompanied by owner's Engineer,s
C.ertificate of Completion of Subdivision Improvements.
y .a -t9tter of potential deficiency is issued identifying a portion of the certifiedsubdivision Improvements as potentially deficieit, lhen all subdivision
Improvements not identified as potentially deficient shall be deemed completeand the BOCC shall authorize release of the amount of security related to the
certified Subdivision Improvements that are not identified as potentially deficient.
With respect to Subdivision Improvements identified as potentially deficient in aletter of potential deficiency, the Bocc shall have thirty (30) dayi from the dateof the letter to complete the initial investigation, begun under iuuparagraph 3.d.ii.,
above, and provide written confirmation of the defiiiency(ies) to ih" o*r.r.
ll.
ut.
lv.
v' If the BOCC finds that the Subdivision Improvements are complete, incompliance with the relevant specifications, thin the appropriate amount ofsecurity shall be authorized for release within ten (10) oayi "fter completion ofsuch investigation.
f' BOCC eonloJetiop of Improvements. If the BOCC finds, within the thirty (30)day period of time, defined.in subparagrupt 3 1e1iv) above, that the Subdivision Improvementsare not complete or otherwise deficient, or if the BOCC determines that the Owner will not or
SuMivision lmprovenents Agreement
Phase II, Filing l, 2, and 3
Ironbridge SuMivision
E:\Nronbridge & Rosc Ranchwhase I Finar prat\SIA Form r2.0d2 6.6.06.doc
Puge 5 ofl2
Llllllllll uullill lll ilil!illm il ilil ]ll L]70242L O7/te/20/06 L2=52p eiaiz i25l-n ALSDORF6 of 33 R O.oo g O.oo GRRFIELD COUt{Ty CO
cannot construct any or all of the Subdivision Improvements, whether or nor Owner hassubmitted a written request for release of LOC, the gbCC may withdraw and employ from theLoC such funds as may be necessary to construct the Subdivision Improvements in accordancewith the specifications, up to the face amount, or remaining face amount, of the LoC. In suchevent, the BOCC shall make a written finding regarding 6wner's failuie to comply with this
{Sr_ee_m1n1 prior to_requesting payment from the iOC. l, lieu of or in addition to drawing onthe LOC, the BOCC may bring an action for injunctive relief or damages for the Owner's failureto adhere to the provisjgns of this Agreement. The BOCC shall provi-rle the Owner a reasonabletime to cure any identified deficiency(ies) prior to requesting payment from the LOC or filing acivil action.
, g' Final Relpase- 9f-Qecurity. Upon completion of all Subdivision Improvements,Owner shall submit to the BOCC, through it. nUoing and planning t"p;;;;i: t) recorddrawings bearing the slamp of Owner's Engineer certiding that all SuUOivision Improvementshave been constructed in accordance with thJ requiremens Jr tnis Agreement, including all FinalPIat Documents, the 7-oning Approvals and the Preliminary Plan Approval, in hard copy and adigital format acc€ptable to the BOCC; 2) copies of instruments convlying ihe real property andother interests which owner is obligated to convey to the tronUria-ge erop"rty owners,Association or any s.tatutory special disirict, including but not limited to ttr-e noarinj Fork waterand Sanitation District ("District') or other entity by-the terms of this Agreement, fire Final plat
Documents, the Zoning Approvals or the Preliminary PIan Approval; and 3) a written Requestfor Final Release of LoC, in the form attachea to ana incorporated herein as Exhibit E, alongwith Owner's Engineer's Certificate of Final Completion of suuaivislon Irnprou..entr.
i' The BOCC shall authorize a final release of rhe LOC after the SubdivisionImprovements are certified as final to the BOCC by the Owner,s Snginier andsaid final certification is approved by the BOCC. 'If the BoCC finds that thesubdivision Improvements are complete, in accordance with the relevantspecifications, the BoCC shall authorize release of the final amount of securitywithin ten (10) days following submission of the ownei's Written n*qr.si ro,Final Release of LoC accompanied by the other documents required by thisparagraph 3(g).
ii' Notwithstanding the foregoing, upon owner's written Reguest for Final Releaseof LoC accompanied by owner'i Engineer's certificate of Final completion ofSubdivision Improvements, the Boccmay inspect
"nJ
i.uir* tte tmprovemenlcertified as comprete. If the Bocc does so^review and inspect, ir," pro*r,contrined in paragraph 3(e) above shall be followed.
iii. If the Bocc finds that the Subdivision Improvements are complete, inaccordance with the relevant specifications, the Bbcc shall authorize release ofthe finar amount of security within ten ito; duy;
-uil;;
comprerion of suchinvestigation. If necessary, the Bocc rnuy'*nipr.t" iemaining SubdivisionImprovements in accordancl with process outiined in paragraph 3(f) above.
SlMivisioa I mprwenents Agreement
Phase II, Filing 1,2, and J
I ronbridge Subdivision
EllUronbridge & Rose Ranch\phasc ll Final plat\SIA Form t2.0S2 6.6.06.doc
Pqe6of 12
luullul, u!u,]l I lf !]I rt|ll,u' u L'f | ruL|ll I
7 of 33 R O.oo O o.oo cnnrieLo bo[rlrv co
h. Substitution of Letter of Credit. The BOCC, at its sole opinion, may permit theOwner to substitute collateral other than a letter(s) of credit, in a form acceptable to the BOCC,for the purpose of securing the completion of the Subdivision Improvements and/or revegetationrequirements.
i. Recording of Final PIat. The Final Plat of the Subdivision shall not be recordeduntil the security described in this paragraph 3 has been received and approved by the BOCC.
4' WATER SUPPLY AND WASTEWATER COLLECTION. Prior to issuanceof any certificates of occupancy by the BoCc for any residences or other habitable structureslocated and constructed within the Subdivision, the o*nq thereof shall install and connect thesame, in accordance. with the approved plans and specifications, to the facilities owned andmaintained by the District providing potaLle water, fiie protection flows and wastewater/sewercollection. AII easements and rights-of-way necessary ior installation, operation, service andmaintenance of such water supply and distribution syston and wastewater ;llection system shallbe as shown on the Final Plat, excepting those servite fines extending from the Lot line(s) to theindividual structures. Conveyance of said_system(s), to the District-from the Owner, includingall real and personal property interests, shallbe in accordance with paragraph Z, below. owner,warranties instant t9 fid conveyances are set forth within Pre-Inclusion igi".*nts entered intoby Owner and the District dated September 13, 1999 and December lo, [ooz,respectively, andheretofore incorporated within the Zoning Approvals and preliminary plan epprorat.
5' PUBLIC ROADS. All roads within the Subdivision shall be dedicated to rhepublic as public_rig_hs-of-way. Road rights-of-way shall be dedicatea uy itre owner andaccepted by the Bocc, on behalf of the public, on tir face of the Final plai. The IronbridgeProperty Owners Association Inc. and its sub-associations shall be solely responsibte for themaintenance, repair and- upkeep of said rights-of-way, including the travelej surface of theroadrrays and portions of the rights-of-way ortside of t'he traveled surface. The Bocc shall notbe obligated to maintain any road righs-of-way within the subaivision.
6.coNvEYANCE otr' coMMoN AREA, ROAD RIGHTs-oF-wAy,,r'-vvJ.lI,WATER SUPPLY SYSTEM AND WASTEWATER COLLECTION SYSTEM. IN AdditiONto all dedications contained within the Final Plat, the common area and all utility easementsappurtenant to the water supply system and wastewater collection system contained within the{*J;ilEffi""i.ffii:r)I)aaarrla+i^- ^c .L ^ ^ - .- .,vtg\J, /rr
*::19i:11 o^f 'lt. !1mmon Area and Fasement beed(s) in the records of the cterk and
lflIg_*^t:l Garrietdg:n,I: cororado shau occur;;;;iil;';iii ,r,."riirg";ffiffi ;il;and this Agreement. All facilities_and equipment contained within the water lupptf ,yrtrm andwastewater collection system shall be traniferred by owner to the District puiJrini'to bill ofsale.
If the common Area and Easement Deed(s) cannot be recorded with the Clerk and
l:,::: -:1"^
g::ry1^A1ea a{
.
Easement D";(,i ;;i;;.;;;;;lh" ;;;;'ffi i""HH#:;d;;,ffi.."i'"r".ilfiil:;fha o+aaJ^-lthe standard escrow agreement for Land Title, atrach? il;Jna ;#; ffi i"r#'"r'illio]i
Subdivision Improvements A greement
Phase Il, Filing t, Z, ard J -
Ironbridge Subdivbion
E:\l\lronbridge & Rosc Ranch\phase II Final plaASlA t.orm 12.052 6.6.06.doc
PageT oft2
lLlilillfiilffit ][lllilil]illlt ilt lilililllt
7O242L O7/L9/ZOO6 72:52P BlE22 ?257 n RLSDORF8 of 33 R O.OO D O.OO GARFIELD C0UNTY CO
F ("Escrow Agreement"). Owner shall deliver to the BoCC a copy of the fully executed EscrowAgreement, within a reasonable time following mutual execution ir tnir agre#ert, but need notrecord such instrument. Tle special instructions of the Escrow Agreemenirt att provide:
1) Escrow Agent shall hold the common Area and Easement
Deed(s) until the earlier of a) receipt of a written notice signed
only^by Owner notifying escrow agent that the work require-rt of
the owner in this Agreement has been completed and appioved as
complete by the Bocc; or b) receipt of a written noiic, signedonly by the BOCC stating that Owner has failed ro comply witi'the
terms and conditions of this Agreement; or c) the complltion datefor the subdivision Improvements, specified in paragraph 2, above,
or as extended in accordance with paragraph tg or t[is agr"e-"rti
and
2) upon the first to occurof the foregoing events, the escrow agentshall cause the common Area and Easement Deed(s) ti be
recorded in the records of the Garfield County Clerk and iicorder.
7' INDEMNITY. The Owner shall indemnify and hold the BOCC harmtess anddefend the Bocc from all claims which may arise as a ,eJult of the owner's installarion of theSubd-ivision Improv^en-re1ts and any othei agreement or obligation of owner related todevelopment of the subdivision as required purirant to this Agrefment. The owner, however,shall not- be required-to indemnify the BO-CC for claims mad" asserting that the standardsimposed by the BoCC-are improplr or the cause of the injury asserted, or from claims whichmay arise from the negligent acts or omissions of the Boci oi its employees. ThE BoCC shallbe required to notify the Owner of the BoCC's receipr or u *}"" of claim or a notice of intent tosue' and the BoCc shall afford the owner the option of defending any such "iui, o, action.Failure to notify and provide such written option to the Owner shall extinguish the BOCC,srighs under this paragraph. Nothing in this paragraph rrturr u. conshued to constitute a waiverof the sovereign Immunity granted to the Bobc biy colorado ,tutut., and case law.
8.ROAD IMPACT FEE. owner's credit for the off-site road improvements to
:^"-yTI_Y:d loea; certified.bv-owner's Engineerwithin Exhibit;,;ffi"d #J; #ffi:r:part hereof, exceed the applicable Road }ipact ree as
""r"rrut o under the worksheet alsoincorporated within saio Bitriuit G; accordingly, no Road Impu"t Fee is owed.
9' FEES IN LIEU oF DEDICATION oF sCHooL LAND. owner shan make acash payment in lieu_ of dedicating Iand to the RE-l School District, calculated in accordancewith the Garfield county subdiiision regularions and the requirements of state law. lnaccordance with the above regulations andrequiremrntr ,t. fee in lieu of dedication shail becomputed as follows:
Unimproved per acre mar(e1 value of land" based upon anappraisar submitted to the Bocc by {iwner as required in the
S u Mivision I mproverunts A greenent
Phase II, ritng l, 2, and j Page 8 of 72
Ironbridge SuMivision
EllUronbridge & Rosc Ranch\phasp il Final ptat\SIA Form 12.052 6.6.06.doc
Iilil ilil ilillll lill lll lllllllllllll llllllll llllllll
102421 O1llgl?OOE l2:52P glE22 P25E 11 RLSD0RF
e of 33 R g.OO D o.OO GRRFIELD C0UNTY C0
Gafield County subdivision regulations: $43,510.00; and
Land dedication standnrd, provid,ed in the Garfield County
subdivision regulations: 173 single-fomily dwelting units x .020
acres equals 3.46 acres; and
Total amount of cash in lieu payment: $43,510.00 x 3.46 =
$150,544.60
The Owner, therefore,_shall pay to the Garfield County Treasurer, at or prior to the time of
recording of the Final Plat, One Hundred Fifty Thousanb Five Hundred Forty-four Dollars and
Sixty Cents ($150,544.60) as a payment in lieu of dedication of land to the RE--l School District.
Said fee shall be transfered by the BOCC to the school district in accordance with the provisions
of $30-28-133, C.R.S., as amended, and the Garfield County subdivision regulations.
The Owner agrees that it is obligated to pay the above-stated fee, accepts such obligation, andwaives any claim that Owner is not required to pay the cash in lieu of Iand dedication fee. The
Owner agrees that Owner will not claim, nor is O,*er entitled to claim, subsequent to recordingof the Final Plat of the Subdivision, a reimbursement of the fee in lieu of land'dedication to theRE-L School Districr.
10. SAIJ OF LOTS. No lots, tracts, or parcels
scparately conveyed prior to recording of the Final plat in the
Clerk and Recorder.
11' BUILDING PERMITS AND CERTIflCATES OF OCCUPANCY. As oneremedy for breach of this Agteement, the BOCC may withhold issuance of building permits forany residence or other habitable structure requiring a permit, to be constructed within theSubdivision. Further, no building permit shall
-be
issued unless the Owner demonstrates to thesatisfaction of the Carbondale nuril ana Fire Protection District ("Fire Oirtrict;t that there isadequate water available to the consbuction site for the Fire District,s p*por., and allapplicable District fees have been paid to the District. Further, the parties ugrr" that no
filififPt.of occupancy shall issue fbr any buildings or structures, including residences, withinthe Subdivision until all Subdivision Improvements have been completed and are operational asrequired by this Agreement, excepting rivegetation. Owner shall provide the purchaser of a lot,prior- to- conveyan@ of the lot, a signed *py of a form in substintially the same form as thatattached to and incoqporated herein-by refeience as Exhibit H, conceming the restrictions uponissuance of building permits and certificates of occupancy det,ailed in this .fgreement.
12. ENFORCEMENT. rn addition to any rigbrs which may be
l-*::*:,:,::',F;;ril",did;rb;idilT:ili:#JJl#[#*"i"ffi1i:ri1"J'fl:i,:l
within the Subdivision may be
records of the Garfield County
provided for
ll,:::f.:*.1llT":: ::9 S:ll*isions fir rerease or r"*,iiy,;;;.ii;;;;;;-;fi;;;;,
]|jlly:.I! 1c"o !r trr" Bocc.and the owner thar th; Boae,;il;;;J;r;-;tffiili
Ilfjjl"j;": Xly*',"IT::.:fjy l::vithin the subdivision st ai il, ,il;il;?ry ,o uring *aclion in the Garfield county oistrict court to comper ,rror".-Ji,;il;;;;ffi.'*;*?;
S_u bdivisio n I mpr ove ments A g r e e mc n t
Phase II, Flling 1, 2, and 3
I ronbridge S ubdivision
E:wronbridge & Rose Ranch\phasc I Finar plat\StA Form 12.052 6.6.06.doc
Page 9 oflA
L["l.|!!.ull ill]l u lll lllil]t ilil ilmilt I tilt7o24zt 07 / ts/zoo6 tz:szi-ai8l{ rr;b lr nlsobirF'10 of 33 R o.oo D o.oo cnnriE[o'coirnrv co
action in the Garfield county District court to compel enforcement of this Agreemenr. Nothingin this Agreement, however, shall be interpreted t require the Bocc to frrir,! ,n action forenforcement or to withhold permits or certificates or to withdraw and use security. Nor shall thisparagraph or any other provision of this Agreement be interpreted to permit the p'urchaser of a lotto file an acrion against the BOCC.
13' CoNSENT TO VACATE PLAT. In the event the owner fails to compty withthe terms of this Agreement, the Bocc shall have the abitity to vacate the Final plat as itpertains to any lots for which building permits have not been issued. As to lots for whichbuilding permits have.been issued, the ftit shall not be vacated and shall remain valid. In suchevent' the owner shall provide the Bdcc a survey, regat Gcription and a plat showing the
P*jlo.n oJ tny Portion of the tr'inal Plat so vacated and shall record the plat in the office of theGarfield c'ounty clerk and Recorder, If such plat is not ,rcorala by the owner, the Bocc mayvacate the plat, or portions thereof, by Resolution. It is .pr"inluy agreed that this paragraph 14applies to the subdivision as. a muiti-phased proje"t und, therefore, in the event the Boccvacates the Final Plat as to the Subdivision, .uu;lo oi tt ir agr"etrlent, the Bocc may alsowithhold approval of a final plat for a future phase if suudivision Improvements covered by thisAgreement are not completely installed anO oierabte.
14' NoTIcE BY REcoRDATroN. This Agreement shall be recorded in theoffice of the Garfield county clerk and Recorder and shall-be a covenant running with title toall lots' tracts' and parcels within the subdivision. such recording shall constitute notice toprosPective purchasers or other interested parties as to the tu,r, ano provisions thereof.
15' succEssoRs AND AssIGNs. The obligations and rights contained herein
ilSt|: binding upon and inure to the benefit or tte iu"""r."ir-.ro assigns of the owner and the
16. IDENTIFICATION OF CONTRACT ADMINISTRATORS AND NOTICEPRovrsloNs' All.notices ,tquireJ or permitted bt ;hir ;;*emenr shal be in wriring andshall be deemed effective when recejvea uylrre recipie'nt p.nv iiu personar or messenger servicedelivery' facsimile ransmission or unitishtes certifie'd-r*iilporage prepaid, retirn receipt
;tHil|.]]; lffil'trHlddressed to the person for whom it is inienoeo a1 trre aooress oi facsimiie
Owner: LB Rose Ranch LLC
c/o Dirk Gosda
4l0Ironbridge Drive
Glenwood Springs, CO g1601
(970) e28-886s
w/cop! to representufive:
Timothy A. Thulson
Balcomb & Green p.C.
Subdivislon Improvements Agreement
Phase II, Filing t, 2, and 3
I ronbr idge S ubdiv ision
E:\I\lronbridge & Rose Ranch\phasc II Finat plar\SIA Form I 2.052 6.6.06.doc
Page l0 ofl2
llllil ilil lltilil[ lll ilillilllllilill]il il lilt
818 Colorado Avenue
Glenwood Springs, CO g1601
(970) 94s-89O2
BOCC: Board of County Commissioners
of Garfield County, Colorado
c/o Mark Bean, planning Director
108 Eighth Street, Room 201
Glenwood Springs, CO g1601
Phone: (97O)945-8212
Fax: (970) 384-3470
Su-bdivisian I mprovements Agreemen t
Phase II, Filing I, 2, and 3 -
Irutbridge SuMivision
tj:\l\lronbridge & Rose Ranch\phase Il Final plar\SIA Form t2.052 6.6.06.doc
The Representatives of the
rePresentatives of the parties
Agreement.
17' AMENDMENT. This Agreement may be modified from time to time, but onlyin writing signed by the parties hereto, as their inter*ir rrr* .ppear. The parties, however, maychange the identifiTrr:n of notice-recipients una
"ont*"t"administrators and the contactinformation, provided in paragraph 16 above, in accordance with the notice provisions andwithout formal amendmeniof t[is agreement.
18' CoUNTERPARTS. This Agreement may be executed in counterparts, each ofwhich shall be deemed an original, and all oi which, when taken together, shall be deemed oneand the same instrument.
19' VENUE AND JURISDICTTON.. v-e1ue. and jurisdiction for any cause arisingout of or related to this Agreement shall lie with the District Co'*t or Garfield county, colorado,and this Agreement shall be construed according to the laws of the state of colorado.
IN wITNEss WHEREoF, the pa{ti9s. have signed this Agreemenr ro be effective uponthe date of Final plat Approval for the Su'bdivision.
70242L O7/t9/20/0i6
11 of 33 R O.O0 D
l2z52P BtE22 ?260 n ALSD0RF
O.OO GNRFIELD COUNTY CO
Owner and the BOCC, identified above, are the authorizedfor purposes of contact administration and notice under this
Page ll oftZ
L["lll.ulll [|rufl !l!]lllllll ]il ilt illllt ilt lllt702421 O7/te/2006 t2:52i eiazz-iz;t n RLSDORFt2 of 33 R o.oo D o.oo cnnrtE[O'Counrv co
l{ewYortSTATE OF
ATTEST:
MMISSIONERS
, its managing member
couNTY oF : RHtMottD ' i"
WITNESS my hand and official seal.
ffi
Subdivb-ion Improvements Agreement
Phase II, Filidg l, 2, aad 3honbridge SuMivision
E:\f\lronbridge & Rose Ranch\phasc II Final plar\SIA Form 12.0526.6.06.doc
2406, by
LLC, a
Delaware
-
Page 12 ofl2
i[u{fl t|;L!dr?, i1;;4$$#:run r[H'
Subdivision Inrprovement Drawings
Prepared by High County Engineering Inc. Dated 4/Zl/Og
GRO Overall
; GRI
Plan
I GR3 PIan
GR4 PIan
GR6
ox-GR3
River Bend WiyFlanaiTFrom
River Bend Way pla;;;am
Iron Ri.ver Ben d w;rEanffi fiteIronbridTem
PP9 Iron
Bent Grass Ddrr SelveIPlan and proffiffi--;fffis---'"*--1f RiverBenffi
FFil-*:FoxRunCffi
!!u^*199n Visra Pl:ani;a profit. --__-g-ttUt-. Iirqltt-.itg:ffiry**-*[ffi44*-ffig___ffi
iffii-:$,
rlp!!* - ." m{GE*E{-fi*$*Em*mffffi+#ffi -*-* - i--_*_.-.J
lronbrirlgc Su bdivision tm provernen( Drauin gs
Exhibit A
Plan
Pffi'
Over Excavation
Over Excavation
Over ExcayidonGa'ins Flan
Roadwav Pl.an C mofite StreeG
$irrer gena WivBentGrassffi
Ceqrt Ptan anaEfri6
-
Pagc I
Illllll llll llillil ][ lll illlilt ]ilt iltililI ilr lil
70?421 O7/19/ZooO 12:52? Bl8Z2 P263 ll RLSDORFltl of 33 R O.OO O O.OO GRRFIELD COUNTY C0
PPS59 i Ironbridse Fox Run Court Sanitarv Sewer Plan and Profile
PPSS1O South Villas Sewer Plan and ProfiIe
i PPSDO Overall Storrn Sewer Plan and Profile Sheets
Fox Run Court Storm Sewer Plan and Profile
Recreational Center & Pond Dl Storrr Sewer Plan and Profile i
River Vista Storm Sewer Plan and [tofile
Ponds A, B & D2 Outlets Storm Sewer Plan and Profile
Pond D1 &D2 Cross Sections
Pond Dl &D2 Cross Sections
Miscellaneous Details
Outlet Structure pgtailq
Outlet Stru cture Details
Outlet Structure Details
Retainine Wall
DET-I.S#2 i [ronbridge P.U.D. Sanitary Sewer Lift Station #2
Ironbridse River Bend WavAted BIuff Vista Stonn Sewer Plan and Profile
Bluff Vista Storm Sewer Plan and ltofile
DET3 lronbridse Miscell aneou s Details
lronbridge SuMivision Improvement Drawingr Page 2
LHI I tll!,l!!)l,u,{l 1 MU' L{L'II'J,[Ltilll'!ILl!!
I
ii-.r-si n-o.oo o 0.oo GRRFIELD couNTY c0
Irme2O2006 HCE JOB NO:20510t9.0(
ktql@q!!!r1?0119!Sm4
ITEM OUAI{TITY I.]NITCOST cosT
Earttrwort - Unclassified Excavation s223s c-Y.$2.00 $104.470.fi
Drill sccd md Hvdrcmulch 19.65 Acre s3,000.00 $58,950.0(
Erosion and Sedimemt Contnol Blank€q Slopgs,sae-p9r,t|ry14_3:!t,135 s.Y.s2.15 317.490.21
Kevstonc Retaininc Wall 16.@5 s.F.$11.00 $176.055.0(
l" Asohalt tL455 s.Y.$r0.50 $130,777.5(
t' Chss 6 ABC udcr AspMt cmss psns, curb & gutter and wal 3225 c.Y.s3E.00 $122,550.0(
1.1?' Mountablc Curb & Gutter 8,781 L.F.$17.00 $149379.0(
2 Esch $7s0.00 $1.500.0(
A.sohslt Pcdcstian Path l3,5Et s.F.tt.25 sr6.985.fi
llmdreillFencing along rrall Top 400 L.F.$8.00 s3200.0(
SUBTOTAL 37E13s6.7!
l}orrlsdc.Wete
-price includcs henching and fittinet-
i" D.I.P.. Class 52 u.dcr main 930 L.F.$28.00 $26.040.0(
f" D.I.P.. Clsss 52 water main 3375 L.F.$34.00 $114,750.0(
I'Cmb Valve l5 Each $t,(rc0.00 315.000.fr
10" D.I.P.. Class 52 watcr rnain I,135 L.F.$38.00 $43,t30.0(
10" Gate Vdve 3 Each $r200.00 $3.600.0t
Fire Hvdrmt Assernbly t2 Each $3J00.00 !42,000.fi
l" W&rSeruice w/ Sinde MeterPit 66 Each $600.00 $39.600.0(
lVater/Scwcr Crusings 13 Each s200.00 $2,600.fr
lonnect to Existinc Water SArb 2 Esch $1.000.00 $2.o@.fi
SI,,BTOTAL $2tq720o{
Exhibit
BI ot2
Lltu ul il|ilff lll llllilt il] ilt l]til ilt []70242t 07/te/2006 t2$2p etei{iz6i-i nlsooni16 of 33 R o.Oo D O.OO GRRFIELD COUNTY CO
f LllUlt|lt|IllIUJ
I ll !]I [l]l!r lLuL
l| r r[ilLH I
17 of 33 R o.oo D o.oo cenFiEr-o'Cd[riv co
HCE JOB NO:20510t9
*lIllg$1qg4=Contoi B |anfiee
ercss psns, curb & gutter and
.17" Mounteblc Curb& Guiter
l0' D.I.P, Clase SZ r+arcr main
I' Water Sgrvioe wl Sirute t"tffi
Lru.lfll lllllll lllllljlil]t lilt ill ilil il []7_o242t o7 / te / 2006 12 ! s2ij-iJil "; ir;i' i nLsDoRF18 of 33 R O.OO O o.OO GnRFTELD COUHiy CO
Iune 2O 2006 HCE JOB NO: 2051019.00
lcloorodare\fi la903\l 0l 9\cnenrrr rlr
ITEM OUANTTN TJNIT I.JNITCOST cosTrilerrlt#r-ffifiiffifr
l!' Weter Tight ADS-NI2 4(L.F.s30.001 $200.0(
24" warcrfiShtADs-Nl2 803 L.F.$38.fi $30.514.0(
]6" WaterTightADS-NI2 1585 L.F.$48.0(376.080.0(
18" ADS Flared End SeEtion I Each s250.0(8250.m
16" ADS Flsr€d End Soction I Eaph $350.00 slso.fi
I'Stomr lvlanhole 6 Eoch $2200.00 $13200.mi'Stonn Marrhole Each $2.600.0 sr8.nnr
lombo lnleB 4 Each $3,000.0{$12.000.0(
5" Schedule 40 Under&ein 6r0 L.F.810.0($6,100.fl
B" Schedule 40 Underdrain r.565 L.F.s12.00 sr8.780.0()'Rip Rap 2 c.Y.$s0.00 s100.0(
SUBTOTAL $r7677+tX
l' Shallow Utilitv Trcnch
--L-...---
ll-elpg1iq _cpoduir installation tconauii rumiitiea btniiiftvj
5.700 L.F (n $28.500.0(
5,700 L.F s1.00 s5-700 ff
;_g!{gt Eank d Sbect lotersections (itturt useru', i-i'5 100 L.F (t oo $r00.0c
SUBTOTAL sl{3m.00
s8t6333.r
9-9*I93!9y-gl9glgEplio${e9!Ce!n€mt, Engincering Surveving i"a fasaim 7%$62,04335
Conting€ncy l@/o $88,63336
SI,IBTOTAL $l.lxr7.0l0r!
CostperUrlt in Urltr
';21,69UT2,a* o* -o.* a"* *,r* r"tud" -g-*rg, *ioag **ayirg t p f*
2of 2
ltrulilt!!l;lt?'i{;4lt[#:rlgL'Iutlp
1 of2
L["l,lx.lll! llll!ru ]l!]lllllil ilt ilt l]lilt ] ffiloz*zt o7/ts/zoo6 rz,5zF-ati, irib'h ALsDoRFzo or 33 R 0.oo D o.oo cnnFiEr-o'E6Uuiv co
2ol2
lililtllllt llllllllll lll llllllllllll llllllllll llllll
1912421 O7/l9l2OOC 12t52? 781822 ?279 n RLSD0RF
2l cl 33 R 0.00 D O.Oo GRRFIELD C0UNTY C0
IRREVOCABLE STAI{BY LETTER OT CERDTT
Refercncc #:
Amount:
Date of Issue:
Expiration Datc:
BENEFICIARY:Board of County Commissiorrcrs of Garfield County (*Boneficiary" or*BOCC')
108 E. ts Sreeq Suite 213
Glenwood Sprirgs, CO 81601
ACCOUNT PARTY/Appticant:
Es tabl ts ltn ent/ F ac a A nont/ P aryw eltx p lr a t tur D at dlr awlc rab il lg
We hereby establisMssuc/open, at the request of thc Applicant/Account Party,
lrrevocablc Sandby [.ctter of Crcdit No.in an amount not to exc€ed S
Thousand,Hundrcd Dollars and
Cerrts. The purpose of this leuer is to seeure the Applicant/Account Party's performance of and
compliancc with ttre agreement between Applicant/Account Party and Bcneficiary, dated and
("SuMivision
lmprovements Agreement"). This Letter of Credit expires at Bank,
at -.-- p.m. Mountain Standard Time on 200
This lettcr is not transferable.
Panial Releses
Pa$ial draws are [are notl permitrcd. The BOCC may lmay not] authorizc pcriodic
reductions in the face arnount of this Letter of Credit llf Bank requires Reductlon Certilicaus:
and, if so authorizod, the rcvised face amount of the Letter of Credit shall be evidenced by a
separatc Reduction Certificate, approved and exccuted by the BOCC or the BOCC's authorizcd
representative].
Contlkioasfr Paynent to Bautlciary
Drafts submitted by Beneficiary must be accompanied by the following documenrs:l. Beneficiary's signed scaternent executd by rhe Choirman of rhe BOCC or ths
BOCC's authorizcd desigree stating:
SuMivision [P.U.D.] is in default of its obligations set fonh
dcvelopcr of
that ccrtain
Subdivision [mprovemcnts Agreement bchr.een
and the BOCC, dated and recorded as Reception },iumber
of the Real Esurein Book at Pagc
Records of the Office of the Garfield Counry Clerk ana fiLlordir.
2. The original Letter of Credit, endorsed on the reverse side with thc words:
"Drawn by the Board of County Commissioners of Garfield County. Colora4o in
the amount of $," manuatly signed by
the Chairman or rhe BOCC's aurhorized rcpresenritiie
Exhibit CPage I of2
Lllu llll illl||I lll!lllllllllillil ilt illilililtilt70242t o7 / ts / 2006 rz : 5zF -B li iZ izi t' n RLSDORF22 0t 33 R 0.Oo D o.ao GnRFiEaD'C6UUTV CO
By_
Name
Title
Cancellation
This tctter of Credit and uuendments, if any, must be retutned to us for cancellation by
Applicant/Account Party with I statiement signed by the Bencficiary stating: "This Letter of
Ckit is no longer required by the BOCC and is hereby relumed to the issuing bank for
cancellation."
Issuer's Undo.rtakiag
Wc hereby agrec ro honor each draft drawn under and in compliaace with the terms of
this Letter of Crcdit if presented, together with thc documents abovc spocifieq lo
-
Bank, .. - .. on or beforc ths datc of
expirarion idcnrified above. The lettcr is issrrad subject to thc Uniform Cusoms and hacticce
foi Documentary Crcdit Rsvision), Internarional Chambcr of Commerce Publicdion
Number 500 and the Uniform C;ommercial Code at C.R.S. $4-t-l0l et Eeq,. as amended.
Bank
THIS TS A FORM DOT.ICT{ENT. BA}-IKS USE DIFFERENT FORMATS A}ID DTFFERENT
TERMS TO IDEMTIFY ISSUER, APPUCANT A}.ID BE}{EFICIARY. ASK YOUR BAI{K
TO ADDRESS THE MATTERS IDEI{TIFIED ABOVE: ktebliEhment, F*c Amoanl Parpace,
Erplratlon Date. Transfdrabitity, PunoASingle Rcleasa* Conditlons for Payment to &eneficlary, Carwlldiorr.
tssuer's tindqt&.ins AND TO SPECTFY WHETHER OR NOT PARTIAL RELEASES OF THE
LETTER OF CREDIT, IF ALLOWED, REQUIRE THE USE OF REDUCTION
CERTTFICATES.
LETTERS OF CREDIT ARE HELD TN T}IE CUSTODY OF TI.IE GARFIELD COT'NTY
TREASIJR,ER, ADDRESS QUESTIONS RELATED TO PARTIAL OR FULL RELEASE,
HOWEVER. TO TI{E BUILDING A,i\D PLANNINO DEPARTMENT.
Page 2 of2
702421 07/19/2006 l2t52P 8L822
23 ol 33 R 0.00 O O.OO GRRFIELD
Garfield County Building and Planning Department
108 8{'Street, Suite 201
Glenwood Springs, CO 81601
Attn: MarkBean
RE: Ironbridge Subdivision
Phase II
Gentlemen:
I am writing this request for partial release one (1) for reduction of subdivision
improvement cost obligations in the amount of g on behalf of lronbridge
Subdivision. Please find the attached cost estimate of improvements for this pardal
release number one (1). Listed below please find the tabutation of the balance of the
Ietter of credit for the Subdivision lmprovements Agreement:
SlAAmount
Improvements to Date { ) s
SIA Balance $
certifies that all materials supplied and work performed is in
accordance with the plans and speciflcations for those ltems inspected by
during periodic construction observations.
All costs for which the release is being requested have been incurred in connection with
the construction of the Improvements. No funds are being requested for work not
completed, or for materials not installed or stored on site.
ilililI1]llilllil llll lll lilllllllllll lllllllll ll llll
Title
P272 N RLSDORF
couNTY c0
Please consider this leter certification by the project Engineex
that dl the foregoing requirements have been met.
This statement of completion shall in no way relieve any other party from meeting
requirements imposed by contract or other means.
Sincerely,
Exhibit D
I ffill lllll lllllil llll lll illllll llll lil lllllll ll lllt
7O242t O7/L9/2OOG LZI5ZP 87922
24 ol 33 R 0.00 D O.OO GRRFIELD
P273 I'I RLSDORF
COUNTY CO
ACKNOWLEDGMENT OF FINAL SATISFACTION
SUBDIVISION IMPROVEMENTS AGREEMENT
WHEREAS,_ ,aColorado
cntered into a suu<t@ment ("stAfffiGrl
Commissioaerc of Garfreld County, Colorado ('BOCC") datal
of County
rccorded as
of thcReccptiou Number in BooL _ at Page
Real Estatc Rccords of thc Garfield County Cle* and Recorder; and
W}IEREAS,has prasented a ccrtification of final complction
ccrtifying that has complcted all suMivision irnprovcments associatcd
with Subdivision [P.U.D.], haviug an actual cost of construction of $
: and
Now rHEaEFoRq at tho request of _ and in consideration
of thc premises and prior aSrccmcnts in the SIA tne BOCC heieby acknowlcdges full
satisfection of the security requlrerreuts of the $IA and authorizcs final release of sectriry
from the above idcntified -Bank letter of srcdit in thc amounr of $_,
ryTlting in a remaining uallffiIEilIfiiir letter of credit in thc amounr or$-S-T The
BOCC authorizes the Chainnan to sign Final Rcduction Cerrificate Number foi de
Subdivision [P.U.D.J, 8 copy of which is attached hereto as
Exhibit "A". The BOCC furthcr authorizes the Chairmanio deliver the original Final Reduction
Certificate Number to Bank.
ATTEST:BOARD OF COUNTY COMMISSIONERS
OF GARFIEI.D COUNTY, COT.oRADO
Clerk to the Board John Martin, Chairman
Exhibit E
Bv:
ffi]il ilil l]ilt ill lll ilil]t llllt ilt llillll iltilt192421 07/19/2Oo5 12252? IB1822 P274 n ALSDORF
25 c€ 33 R 0.OO D O.00 GRRFIELD COUNTY co
ESCI.QTV AGRf,EIIEI\T
l*crorv Nrrdxr:
Coarnritruu NouS*
Cluetn
Drnvcr, Colondo
Drar!
^-'Illcurlcnigrsldcpos&xirhIINDTITLEGUAIIAN,IEDCOMpAlrly.rColoradoooryor.lbn .3DscrowHolrtct(tbc"liscro* ltullr"l tht iums sct trfi in &hcLr& A to b6 trld by Ercmw Holdcr sriJer o fu c6l oI6ii E$rowA$EcoEnL d|e Oencml Pnrvisirrns rc thc Lccnrw Agr*mcnt rad he Spcciat lnstructior in Scfodulc I (colloctiwly. Urc"llxrrw Agroenrn").
l*] ntt cutt, ap*irt mu$ bc accomprnicd by r &rm W.9 Rcqucs ror T[rpeycr tr]cr.ifrcetioo Numbcr.
,SICIIEDUI.EA'
(Dc9o6iu)
SCSEDULEB'
(Speclrl lnrur.tiord)
.tpcirl tastrucrirnr No. I (&!plirs) Artcbod
SD+irl ltrstrucrioo Nd. I I (Ootrplerioo) AIlcllcd
Spcclrl lnr{rucrio! }lo, 2 (Lcrxlcr Comgl.rloD tnsEuc-tioi6) Arrchod
Specirl lrrucdot No. 3 (hdcfiair, ASre.ncil - C$b Dqro6it) Aurchcd
Spcr.iel loraruc.rim No. + (Depodroiy Inxrucrioni) Asr.h.;
Spccirl ltEtr0crion No. 5 (F,IILP.T.A.)
Spccid lruuuaion No. 6 (ttcrolrtioo of Miscclhrour lssrH)
All ortt.rl (Scs {loahrd Er[ibn 'A')
. Ttrd Dl{ti.s lo tnc liwrow Agroen*nl, -ur- lhcir iit[rtlltr botow, *kmvlod3c rnd fgroc Uut rhcy brvG rca(l., llrd sill balrurxl hy thc E*carw Agrtcnrm. ircludtos $. Gclcrrl Provisiru to ur rociw tplmcaq .no inc sp.cid Tr1as1aai.n in.$thodub I
B
trootrootr
SELLER (S,
(lf $pljcebtot
BUYEn BOEIOWEB(S)
(lt.ptti.$le)
Ardtcrs:
Tclephoa::
Enuit Adiess:
SSNIrrTnr lDf'
C'onEcl PcrsoD.'
L!ND8,*:
Addcs:
Tclcdrr:
Enrll i{ddrcrg:
SSNforT.r ID*
Coatrct hrron:
ES'CtOw fEtsSmDE AS FOT LOWS;
(a) Sa up foc
O) Anoud f.r
(c) MilceJlurcour
tif pplicrbh)
Uy,
Adlrcsr:
Tchplmnc *:
Tix rtx
Conu..t ltrur
Any urrerEmderto rcaar{fury drit arouw rhsJl bc
rdlrmrcrl rr batl Titlc Ouurnroc Cornprny:
nTTNr liItCR0W COOIDTNATOT
Rrcciprdd o, 6c Escrow f)ogoclt ud rcccpraoce of thc
Erscrou Agtancnt !cr&y rclrrcwlcdgad by
8S'CI(IWllot^Df,a
Ernunrr
FfirBt 3J&, cl.(lr o{/!qrs
By,
pf I efl
ill]il llilt lilll[il lll ill]il lllll ilt ililil I ffi
l, Noll.s
lri All mri'rt rhll E t wrirlng rart-rhalt b( offstavc Eher.aully Ba*d by tlE F.r, b e)Er rE uicr B rdd6sd.(bl Arrtldicc5dl'|rvsr{$lr.iEufuxs:cro*4cmrrruu-#d.{lycrdu)rbd&cr6{.)rrh6.ddM(cr)3arcnbu.
Error Ag@mot.
(bl I]xg"Eabdrt{.m&eeBeioi!$y.dErq.tlrli.t{.lcthe-prymo6mwtol4ar0(rltfcrard.{Eer.Esryllol'lcti'harcbt'slto.ltdmddi&ud.;darb.*otr--iLpy*l"r'*r*g.s-rimi;6j.iit s*roq-4
,", ff1.1:Hsl1i$.-T-irw q trrt { e, are, rx nod r'fr"o ile, u tlc rfr. Dty tG 4F m,t o*in&"' ii;il.jff? I ffi.i:S#*ffi# (sq spmr rrcn uv olu..dc*L aisituG?silov otposrr o ny
(dt lodEswnrihlrliat*D*D.Dorirrndi""irl.,-&0""-*qiy.rdmtur|c&gEDqHddcroryrdurodi&ibocroyr$lr
i,ocursxr u o drr{xis rer cdb rtir fuEur -,iidiir.*i-L ,.p.u r*. i.l-.ip-*i't*-5]o]l].6 , r,rr.
6. ,{rel,lrlalr, 6a fiM ttcl{r,(r) EBwhlkr.l,r ,Hj *^j*j::J-l51.r.1{_f:.a. q asr of jucrtrrtr.. or (s. .rry r.lr o( miris} cf &, rild utrs,.. .c..ur.d b.{ !! rilt(ut D,..ondut o1rort ErtjoucrorE l;;HJirte;.(D, t$Dy Hdrtr tbdl m bc lLblc ior uy rus. uffi aodE !o ebrpr *hicl wy br blEd q Grc.raC opo.r OEllmu Deg*ir uuyg! t tcflra, o riu r}G lrc6;r;E$log lloLrf me KIY ruEn # *6 M^,", ff:*?Hfllrl:l#?,**,:y-ylflf*Eiror'cnuor.coourmr..bormrorh.rlmEmsabrrbcrbvc{byHlHffi* sr,ffi*" ;r; "{'il;;;a;fr i i,ifr#;Hff ;ffi:,ffi l#ffi
?, tdcultydlii.rorIdd.{,It lstrr tE_Eto. jdnlt ed &Et]y, itB ro:i) iD&rddry Erlt* xdor ora u! r'hmhr u ro uv tirrit? by I irEmc by rhc Ef,rop l,lot&. b Ey 6t r Flu I,slffitv rrrooof &isE'm At Emt. orir,eooioctloo tic;*iltr;;;ilE-;-;il'&Iom yirrru nksodoaarfi0ctligBN.ardil' 6Dbm' Ery llolr,.r fordl irs crpu.. iB,lodia8, hr oot Bcasily liDlrc ro|[reyr. fcs r d M Gd,,Dur$d i.r eBEfB ir@ith.
Dntt tsa.a fdefraad.r.(') lo ll8 rw'{ of et 'liura bdwn ua tuica ! !c ritr.r lrw u tsr" s ln oE-3vG[ u, of rtc puica bcr.6 flit. ,r u, Hoo.ro {oltr ffiiF rrd .cquir rrr Erm lor&r t "d;t'a;* tirL-r!.y ,ru.c" r' iii orreaiJ,6-&ryL .io *.r'srus1lmtrb (blit6uy,rodr' d€ftdacpSmy in illhud orirlmeru h r ooin3rrnriu i*m li.rr. o
(lr) &:..rtr lt,{.r slDll bc rait,cd ro cqi*, whld li.bllly, xt urrrin nd B(ua to aci) raA Cl rtc 'ttr. of Oc rdw Cr;rw h.- a;;iffitt;;;;;J0E hcn. rfroost hcftb,.. $r, s,rici dm Uc atil;-ilrt;$;l b";ri;fi ffi ;fffi ff.ff mH."H.i,I#r*Iiilt"'t"1.;tilffi ,s,f xtrtrfr #
Nq$ rp), la dclivcNd Fireudly. by U.g. fr prire miL 6.-ouic..
l:,i:ji::llf,:.-:-plyli..l d.litq.y,.sy Nqicr my bc dalivec.t h ctccmk fo.m lty fstmitc r by enrilRw.-su mlm, rBntrl6 &lll tc FFlCsl ufr.r rqt|B oa my My
il11::?- I11 .l11c.sl istrty &. EBrw Himrs ir rrpw oi'rhc iiravu Ajmrnr.ilt Hrc b lsw Lo&r. rt I b dqD lE tlr Za ta.s Fr. b g Ca6 ra ur C rfoo y e.aw flddq. Btr ll.*ra {6 84-t qs .u ru liva D i[ utid s, fulty rpfua, ], d Tf;pri* pr.ris r c ,ra sdiAcd'rlo i,.y-iroiiri. tE, f**rh.,s r e1q[ m r*.,.r tr&F"r mris'diim.trJ.'d[r;i.h.-d*iu *r..terit{cicew uird,
I.AND TITLE CUARANTEE COMPANY
G!,NIiRAL PROVISIONS TO THE ESCROW AGNrtr.\IENT
1" uil c' oi'fctB rlrll luvc De! rdiuard Lr rgr.+d rtd Lrsw rrol&l rhll [.w Dq 6irbd &dGof rnd drrlb.tc brro.i*KdE wtrirgrigrdl;ilty*-d;s;tr;;;y,!. p"i;{!d;I;;ilit?iw
"t"i^_drmA I ehich liB E$rw lfol{i., *"ft ts fu..r.j fn ditj h coqiire riurirt,(c, E4ee ,lotdlr.tp l8 lh. ridr o ink la$ iBo . .qt of Mlu![ jrirdhrlq .r th. atp.E of rha peL,
9. L.raotlt rf, ltrtlla lara.iloe(rr f,8N Hoidcr uy r uy tinq url fion airu ro rw, arqr&r rtrc n aic. E psvi& e.,&6 iotcrng ma6'5 dra pm,i.t, ot .
^,,;yfffrl..orJsr&od.gori(dicituiooo,r;;;;rr-;irG-sr.io-'*r.J';;i,B"rJilU.ro, w[ E I{ltB ttl F Fe* ul {,116 iumlcot ?tlh a ,sgo$I, riE Eaar\rr fioEd-my Ek rsfi rtEG d rGt e b
, -. fI: 1 l r.l-91,trrFd{o &d nrll aor tr tiartc ro ryc ia uilsl[ q &fud io d."' rffifffifrffi.ff"Effisffi lsffi trffi,*Hffi,fl:ffi isst ldt.
L.dfs,6 ra lisrm UC.r...t'ffYltH,Hrnivale,rcr0rirAsmr!/riyi.!sreamkc!orrof.t pflartrclorGrf.criwloirrrr.t&rlrE
(hl UJEI tlr r.o|&frB !,y tn f6lcr o( . B* m hd& q orurCie d qs *rit6 Lrrdglda ,o E rcs llo,l&r d o.h€.'rys!$a orrb.gi,w trcriorrr, srm* ttou;.tt t[J; i{-il;ilr*Bd cmyfsedorEE5, if .or,,.tsr!
70242t 07/t9/2006
26 of 33 R 0.00 D
l2z52P glE22 P27s I't RLSD0RF
O.OO GNRFIELD COUNTY CO
(c,
(.1)
lci
It:
(8,
lnhialr
Initidr
i. rdvue. for dt @rq qOqrr* obrylcc,
l. l di.KsNcLs
Y:: 1!,.t:_*, * irr rdire rpoo uy wiriry q iryrrula c.ituu. rr$oh E do* llotdrr, tar*, -r r' rsr..,*g rFj s), motrl q ruru(B s .{luuc *rlict E do* llaLar, lr lEd ,Lir[ b.li.E to tctctft,.ral o., D{m ur trtiOry ul eir*y oimy urocu c lr&io orzfrco il erl r rrtr3 _iJ_.ri. .ro n yD::EYI.He, frull.rlshg brrcE, rrtita&oiriaovicc- t-ur;o..ffir-Ii.L |Ir.reids hrh.l*eil,IflX.X:g: f,* l..rrsht d rrcuy "'irni riri-. ir,i".; r*8ffi;;ffi;ffi;ffiiiI#iffirt B a1,af,lrtia.lsud& El.u''eg-FmsFw'5F@l
l.B LL&*fe UsLhrrd f.{dr.
All lsilt e hsubD rttvirt thet qlairrd fudl my !c pryrbdc b uE sarr, x tod. fi&r6 &r rrruall 15 rhr6.l g,lpanyLT 3.,oooldE$oYtlol4r{}rv&di&loaru?i"f,lr..ij*lip.rr.r*.xotcarrldlbGalcEdtrEdtrrdEr
mli',:'*:"*'* rxrow iterin gnl 'un sr tc ri''uiu iii r'irv * rqr - *f,girvuiiu'#- p,rr-ro
t{lsr*l}tFrr rd &&Ea lirn .l x gm D.Fdt(r) ! ttr rytr llr &E Bcm fp<rjr siit g.,,ty oa-ird, daJqd.s. a!{ hs, eill bc dgrjrr, h 5 pDE iEat ididF;ffiXf,;#,T,;H;flffitffi!ffiT ffi-frreo.ibdll5.llb.Orh ttdl(Illt.0|lrrr...irra rrrrn-aJ,i-r;;; *,- -..
ure (B'tytub.-). DCAili!.1 |r. du tllroo.oild s t ., bc.!
t-&.-a D.iOi, Usbr.hh. D+aiu dlloo,&O c mqr bcrtierpd Dy t*, tlo5c u, bE tlr &m Do?.ri: b f.nElE^rrat fagj.tm'F.,ri{r rEdo bortrlyE orn@r.rdrb&awitau;.fi;l. u; 6*;fr;I;;ffif,ffi tr,iffi,;dli&tiub q qi.r 6qfrj .8t!a, ird Efia
(r, fic E$Ds' Hobar rhl! bc srirbd a., Eiit*mttM in ,ull. s ,uy dlrErd
l:lil o1Lrtlyoru nelrl q u hc orac by E*;Hdil;il ;;;.a.
! pq.ftrr B dvue. for rlt @t4 qocrr.* Gb.,
ot Eeow Hol&r? d{&r rrl, ouilllor urdE UE
(b) lls-lLrEr'trr.ldhsBltor.r&&rDulairiBdcrtddol!!Bqn,Dqat,thbrDciqrdrec$rlE.c@H.ndst9li..b|rfuto.!.'rtuelarlohlrqurrzbdrdq fdtrc.*tsfiif ii,,ors;q:"c.o**1.e;iti_qIiiffi,--yoi__Bai{o.tGp.n.r$.tutcqiatrriado, *-yd5;;;;Liffi.g r*& drd frc.O.i..dL;--rr) ,rttpni*lssrrr.rG{.bdd6fiE,c&6tr;t&i,.rdli;;;id"dlbrrz.;ad";Jr-[ffi.i.j..io*r",*,s{j.tr ds -{ E*G lr.*lg *tU fib .pF+.uE IOr q-oir" iiiurw 6n.
&'B.nd l:rpfls of lr6y 11o6.",
tr6rA}B:,H.
Fbnr lSt{l tlt.dd 0aI}firj 62of3
ililil ililt llil]t lilt lll liltil il] ilt illilt iltil
7o242t o7/tg/2006 l2t32P A1822 P276 n ALSDORF
27 ot 33 R 0.00 O O.OO GRRFIELD COUNTY C0
tl
ll.
G:h!{'r rhr Ese I}FRir rirllas . E roblr pqltd of dm u o dl6arql. .*t rhrlt bc ralivd of u,l .lrd rll llulily
b€.$odcr scitrt Ow.rr6.
I l. BerifiL
Atl t.8hb xd pq6Ds ilfd&d b Es@ tlold.r io l6mr otrbr 8rcrow Apaod *rll he lo. rd ldr $d bcrcf i. oI. L
cndqu iE. A ci€c i! OE !$tos A&lqraq 6a llrlB 'ti€w llolLr" tlyll icludo 3 IndcrlE, roaf Urn Erpodtvc .amrt
Er, Epreoutvr,
Ap}ilohlckr.
TLir AtBurr $Ct bs 3or'ard h, llc tr*r o( $! Sre of Cshr{.do.
C0{.rr.ft/D5adb.
ft.84'ou alseil ory tcM.rBd iB slryltso(s*rFde*t oJritlclvhco pGrsEC rb{lt @mi8&dFdi.crlBr4 b.aEo l[G Drrdlt lenao rd ary L qcclrlat b frAinilc sd ru.n aaxiolb ritoarc rbrtl bc rcrolal .t uitlortithre& TIE ,rrs rtwbd|E .C at(r lha th.re rlt a bld|dd s uhad!.I thi|a Fry &Eria{8icr tllo uy rly r4ur ob{*tu fffi ilo ioviria oroir .tm
I'urn 35(0 s.dr OV!00i 6lof3
i L\ |
ilillllililt iltilil[ lll ilillilltil ilt l]ill ilill
7O242L OI/I9/ZOOG t2:52? gle22 ?277 n ALSDORF
28 ot 33 R o.00 O O.OO GRRFIELD COUNTY c0
I.
A.
APPENDIX A
I]!'PAC'T FEE WORK SHEET TNSTRT,CTIONS
Note the narne tbr tbe projert or r'e.e payer on rinc l as u'eil as rhe type of land use.
Enter the road cost at rhe point of service on line 2. The road cost will be bascd on acapital lnrprovemenrs pran adopted by the Board of county cornnrissioncrs.
Enter thc road capacity.(cxpresscd in Average Dairy Trips IADTI ar the poinr ,fservice. This nray be derennined by rhc speciar tiupri zio, aignurry iapacityiltanuul ( I994, Transportation Rescarctr Uoartt).
colculate the base road cosr per ADT at the point of seryice by dividing Line 2 byl,ine 3. Enter rhe resutr on Line 4.
Detenrrine the ADT pe, Larul usc rtonr the lrE Trip Generation hlonual or anothqsrcdible sourcc acceptad by the Board and enler rhe resurr on Linc 5.
Calcrrlate ths Basc Trat\ jyplct Fce for rhc rypc of land use b1, mul(iplying thcADT per l-rnd tJse (Linc 5) try thc Base Road cost per ADI'(tint *) antr enrer thercsult on Line 6.
Calculare'l'ax Credits as fofl orvs:
Enter the equivalentof 807o of rhe Road and Bridge propcrry tax mifl revy(for the type of lancl use) orr Line 7.
Enter lhe county Discount Rate {the rate or're(urn tbr; courrty receives ti,orrrits inv,lstnrcnts) on Line 8.
Entcr tlrc Road Design Lifc (in years) on [-ine 9.
[nter the Prcsent Worrh Ftctor {pwf) on Linc i0, The pWF fbr variouscombinarions of Term and Discounr Rates is lbund in the Appcndix.
chlculate the Ner rlresent varue of fie tax credir by murriprying rhc Road &
fldge equivalent tax iline ?) hy rlrc lrWF (t.ine t0). Enrcr rhu rcsult onLinc I l.
L-alculatc thc uN,\DJUSTED Ro,\D rL{p;\cr FEE by sutrrracring rrrc rax cre.rirtl."ine Il) liorrr rhe Base Traflic lrnpact F.ce(Line6). Hnrcrrhe rcsulrs on Line l?.C:r lculatc ihe I N FL A'l'lON i\DJ L STltl EN'f as l.ol torr.*,
C.
D.
E.
F.
G.
c.
e.
H.
Exrunrt
G
I ffiil lllil llllll lill I llllllll lllll lll lllilll ll llll
702421 O7/L9/2hOG l2z52P 81822 P278 ll RLSD0RF
29 ot 33 R 0.OO O 0.00 GRRFIELD COUNTY C0
Project/Land Use
B*se rood cost to point ofserr icc
Rond Capacity' to Poinr of Serv'ics 1in i\DT)
Base Road C'ost per ADT to Point of Scrvice
ADTper [.and Usc
a. On Line 13, cnter Denver-llouldel Consunlcr Pricc lnde.r (CPI) tbr the l'ear
tlrc road cost dstimats was prcpared or the year the cost e.\tilratc' ir bascd.
b. Enter the CIPI for the year the impact fce is collected orr Line 14. [If the
cunsnt CPI is not available, use thc average rate ofchange tbr thc last threc
years to derive the cunurt year index.J
c. Calculate the' Inflation Factor by dividing the entry on Line t4 by the cntry
on line I 3. Entrrr the Result on Line I 5.
Calcularc the PRE-CONSTRUCI'ION INFLATION ADJUSTIv{EN'I IMPACT FEE
by muhiplying thc Uuadjustcd Road Inrpact Fee (Linc l2) by the lnllation Factor
(Line I 5), Enter thc rcsult on Line t6. Notu': This adjustmcnt is not necessary ifthc
construction cost estimate is detennincd the same year as rlre fec is collected.
Calculatc thc POST-CONSTRUCTION ADJUSTED IMPACT FEE as follows:
a, Enter the County's f)iscount or lnvesturent Ratc on t.ins |7. If lhe rtrad
construc'tion wm linanced. derive the financed rate fiom the debt repaymenr
schedule prcpared l'or the linancing and substitute the derived ratc for the
Discount Rarc.
b. Enterthenumbs'rofyearssincetheroadwasconstructedon Line 18.
c. Detemrine the Compound lntercst Multiplier frorn Appendix A. Entcr rhis
rnultiplier on Linu 19. In the sase of debt hnancing; enter the imputed
muhiplier from the debt service schcdulcprepared forthc finance instrurncnr.
d. Clalculate the POS'I'{ON.S'IRUCT'ION ADJUSTED tMPACl' f'El by
multiplying the UNADJUS'I'ED ROAD IMPACT FEE (Line l2) by rtrc
Conrpourrd Interest Multiplier (or imputed finotrce multiplier) from Line lg.
Enrr the rcsult on Line 20.
ROAD TMT}ACT FEf,p^LCr.&,tIrqN lvoRK SI{EET
J.
K.
t.
1
ADl'
Lffill.ll|l| llllll lillll llil]t ]ilil ilIil ilil lllt702421 O7/ts/2006 t2:52p ste22 iZ[i 'm nlsoonr'32 of 33 R 0.OO D O.OO GRRFIELD COUrfrV Co
I.JNIT
ITEM _ auANry_ cosT cosT
Earthwork
Rock Excavafion
4" Asphalt
2" Asphalt
12" Class 3 ABC
6" Class 6 ABC
Boulder wall
30" cMP
30" Flared End
24 CMP
24" Flared End
I L.S.
50 c.Y.
9352 S.Y.
t2032 S.Y.
3rso c.Y.
1600 c.Y.
1600 s.F.
8t L.F.
2 Each
205 L.F.
8 Each
2658 L.F.
I L.S.
15 Each
I L.S.
I L.S.
126,000.00
50.00
8.00
6.00
20.00
21,00
20.N
126,000.00
2,500.00
74,916.00
72,192.00
63,000.00
33,600.00
32,000.00
4,050.00
1200.00
6,150.00
4,900.00
50.00
600.00
30.00
600.00
Guardrail CDOT Type 3
Revegetate/Landscape
Class I Ground Sigr
Survcying/Coustnrction Staking
Soils Testing
25.00
5,000.00
250.00
8,000.00
8,000.00
66,450.00
5,fi)0.0o
3,750.00
E,000.00
8,000.00
HCE JOB NO: S7042.04
l@/o Cootingency
This estimae of probabre construction cost was preparedfor estimating purposesoJttt. !!sn country Engineerins rnc. ,*i i" i"u r;pr;;;i;i:nlion"ofton this e,stima;te, os qaual cits mayva.y 4* to bil q;d n;ke;iu"rrirr*.
$5t,150.80
IIlllll ilil illiltlu lll llllllllllllll1llllllll llll
7O242t 07/19/2006 t2z52P 8t822 PZEZ n ALSD0RF
33 of 33 R 0.00 O O.OO GRRFIELD C0UNTY C0
NOTICE REGARDING BUIIDINC PERMITS
TO: Atl purchaeerg of Homesltes within the lronbridge Subdivision"
YOU ARE HEREBY NOTIFIED that under app[cable Garfield County regulations
you may not commence constructiron of a residmce within unincorporated Garfield
County, including the honbridge Subdivision ("hoperty''), prior to issuance of a building
permit by Garfield County. Under the terms of the Subdivision Improvements Agreement
between Garfield Countyand LB Rose Ranch LLCand thesubdivisionapprovalsissuedfor
theProperty, Garfield County will not issue building perrrits for the Property unless it can
be demonstrated to the satisfaction of the Carbondale Rural and Fire Proticton Dstrict that
there ia adequate water available to the conshuction site for the Fire District's purposes and
all applicable Fire Dstrict fees have been paid to the Dstrict. Furthermore, no lertificate
1f ocanpalry for any residences contained within the Property wilt be issued by Garfield
County unless it can be derrronstrated to the satisfaction of the Garfield County Department
of Building and Planning that all subdivision irnprovements, including ail apiropriate
water facilities, have been completed and are operational in accordance witn tne
Subdivision lmprovements Agreement.
Name
_ - ^1h" f_org8orn8 was read and understood by the undersigned Ptuchaser of Lot ,Ironbridge Subdivision.
Homeolvner
Naticc Rtgording Builtiug Permits
I ran b r i i ;1c S rJrtli:rlsroa
Exhibit H
By,
Byt
ru