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HomeMy WebLinkAbout3.0 SIA'sLI141.11tfl1/'43:#G!,141,141iilYi+L klii0,iifii inn Recepption#: 730924 1 of5230Rec0Fee4$0000MDoceFeeR9b00SGARFSELD COUNTY CO SUBDIVISION IMPROVEMENTS AGREEMENT PANORAMA RESERVE SUBDIVISION THIS SUBDIVISION IMPROVEMENTS AGREEMENT ("Agreement.") is made and entered into this j rk. day of Au. i1 i f , 2007, by and between CORT LEWIS, an individual ("Owner") and the BOARD OF COUNTY COMMISSIONERS OF GARFIELD COUNTY, COLORADO, acting for the County of Garfield, State of Colorado, as a body politic and corporate, directly or through its authorized representatives and agents ("BOCC"). WHEREAS, Owner is the owner and developer of that real property located within Garfield County, Colorado approximately 5 miles northeast of Catherine Store and Carbondale, Colorado ("Panorama Reserve"); WHEREAS, at a public hearing held December 4, 2006, the BOCC, by Resolution No. 2007-07 heretofore recorded in the records of the Clerk and Recorder for Garfield County on February 8, 2007 as Reception No. 716952 approved a Preliminary Plan for the subdivision of Panorama Reserve which, inter alia, would create 3 single-family lots ("Preliminary Plan Approval"); WHEREAS, as a condition of approval of the Final Plat for the Panorama Reserve (hereinafter the "Subdivision"), submitted to the BOCC for approval as required by the laws of the State of Colorado, 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 BOCC to secure and guarantee Owner's performance under this Agreement and has agreed to certain restrictions and conditions regarding the sale of properties and issuance of building permits and certificates of occupancy, 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. FINAL PLAT APPROVAL. The BOCC hereby accepts and approves the Final Plat of the Subdivision, on the date set forth above, subject to the terms and conditions of this 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"). Recording of the Final Plat in the records of the Clerk and Recorder for Garfield County, Colorado 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 Improvements"), at his 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 year Subdivision Improvements Agreement Panorama Reserve Subdivision Pie ; Return To: Caloia, 1204 Grand Glen : I Springs, C on, P.C. 1601 1111K 11111 Reeeption#: 730924 08/15/2007 04-14;30 PM Jean Rlberico 2 of 23 Rao Fee:$0.00 Doc Fee:0.00 GRRFIELD COUNTY CO following execution of this Agreement, i.e., - e f 15 20.i$ (completion date), in substantial compliance with the following: a. Plans marked "Approved for Construction" for all Subdivision Improvements for the Subdivision, prepared by Red Mountain Civil Engineering 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 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 d. The provisions of this Agreement. The BOCC agrees that if all the Subdivision Improvements are constructed and installed in accordance with this Paragraph 2; the record drawings to be submitted upon completion of the Subdivision Improvements 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 Preliminary Plan Approval, the Final Plat Documents and the Garfield County zoning and subdivision regulations, with respect to the installation of Subdivision Improvements. 3. SECURITY FOR IMPROVEMENTS. a. Treasurer's Deposit Agreement. 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, an executed Treasurer's Deposit Agreement in the form agreed to be acceptable to the BOCC, hereto and made a part of this Agreement Exhibit C ("TDA"). The TDA shall reflect a deposit by Owner with the County Treasurer in the amount of $55,770.00, 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 10% of the estimated costs and as approved by the BOCC), all as are as set forth and certified by Owner's Engineer on Exhibit B. b. Final Release of Security. Pursuant to the TDA, there shall be no Partial Releases of Security. Upon completion of all Subdivision Improvements, Owner shall submit to the BOCC, through the Building and Planning Department: 1) record drawings bearing the stamp of Owner's Engineer certifying that all Subdivision Improvements have been constructed in accordance with the requirements of this Agreement, including all Final Plat Documents, and the Preliminary Plan Approval, in hard copy and a digital format acceptable to the BOCC; 2) copies of instruments conveying the real property and other interests which Owner is obligated to Subdivision Improvements Agreement Page 2 of 9 Panorama Reserve Subdivision 11(1 t1.F'itlN43:11411 ,141 h0,Niit ,1 11iii 11111 Re cqs. tion*: 730924 0811 !2007 04:14:30 P11 Jean AtberIca 3 of 23 Reo Fes:SO.00 Doc Fee:0.00 GARFIELD COUNTY CO convey to the Panorama Reserve Homeowners' Association or other entity by the terms of this Agreement, the Final Plat Documents, or the Preliminary Plan Approval; and 3) a Written Request for Final Release of TDA, in the form attached to and incorporated herein as Exhibit D, along with Owner's Engineer's Certificate of Final Completion of Subdivision Improvements. The BOCC shall authorize a final release of the TDA after the Subdivision Improvements are certified as final to the BOCC by the Owner's Engineer and said final certification is approved by the BOCC. If the BOCC finds that the Subdivision Improvements are complete, in accordance with the relevant specifications, the BOCC shall authorize release of the final amount of security within ten (10) days following submission of the Owner's Written Request for Final Release of LOC accompanied by the other documents required by this paragraph 3(b). ii. Notwithstanding the foregoing, upon Owner's Written Request for Final Release of TDA accompanied by Owner's Engineer's Certificate of Final Completion of Subdivision Improvements, the BOCC may inspect and review the Improvements certified as complete. If the BOCC does so review and inspect, the process contained in paragraph 3(c) below shall be followed. iii. If the BOCC finds that the Subdivision Improvements are complete, in accordance with the relevant specifications, the BOCC shall authorize release of the final amount of security within ten (10) days after completion of such investigation. If necessary, the ROCC may complete remaining Subdivision Improvements in accordance with process outlined in Paragraph 3(d). c. BOCC's Investigation. Notwithstanding the foregoing, upon submission of the Owner's Written Request for Final Release of TDA, along with Owner's Engineer's Certificate of Final Completion of Subdivision Improvements, the BOCC may review the certification and may inspect and review the Subdivision improvements certified as complete to determine whether or not said Subdivision Improvements have been constructed in compliance with relevant specifications, as follows: If the BOCC chooses to inspect and determines that all or a portion of the Subdivision Improvements certified as complete are not in substantial compliance with the relevant specifications, the BOCC shall furnish a letter of potential deficiency to the Owner, within fifteen (15) days of submission of Owner's Written Request for Final Release of TDA accompanied by Owner's Engineer's Certificate of Final Completion of Subdivision Improvements. ii. With respect to Subdivision Improvements identified as potentially deficient in a letter of potential deficiency, the BOCC shall have thirty (30) days from the date of the letter to complete the initial investigation, begun under subparagraph 3.c.i., above, and provide written confirmation of the deficiency(ies) to the Owner. Subdivision Improvements Agreement Page 3 of 9 Panorama Reserve Subdivision rli) 11111M17 !RhMI,1r i .4411 INF !1 N1 Reception#: 730924 0$!1612087 04:14:30 pr Jean falberieo 4 of 23 Rao Fee:$0.00 Doc Fee:0.00 GARFIELD COUNTY CO iii. If the BOCC finds that the Subdivision Improvements are complete, in compliance with the relevant specifications, then the full amount of security shall be authorized for release within ten (10) days after completion of such investigation. d. BOCC Completion of Improvements. if the BOCC finds, within the thirty (30) day period of time, defined in subparagraph 3 (c)(ii) above, that the Subdivision Improvements are not complete or otherwise deficient, or if the BOCC determines that the Owner will not or cannot construct any or all of the Subdivision Improvements, whether or not Owner has submitted a written request for release of TDA, the BOCC may withdraw and employ from the TDA such funds as may be necessary to construct the Subdivision Improvements in accordance with the specifications, up to the face amount, or remaining face amount, of the TDA. In such event, the BOCC shall make a written finding regarding Owner's failure to comply with this Agreement prior to requesting payment from the TDA. In lieu of or in addition to drawing on the TDA, the BOCC may bring an action for injunctive relief or damages for the Owner's failure to adhere to the provisions of this Agreement. The BOCC shall provide the Owner a reasonable time to cure any identified deficiency(ies) prior to requesting payment from the TDA or filing a civil action. e. 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. WATER SUPPLY AND SEWAGE TREATMENT. Prior to issuance of any certificates of occupancy by the BOCC for any residences or other habitable structures located and constructed within the Subdivision, the owner thereof shall install and connect the same, in accordance with the approved plans and specifications, to the facilities owned and maintained by the Panorama Reserve Subdivision Property Owners Association (the "Association") providing potable water, irrigation and fire protection flows. Each homeowner, prior to construction thereof, and shall submit to Garfield County Building and Planning Department plans for an ISDS that have been completed and approved by a professional engineer licensed in Colorado. All easements and rights-of-way necessary for installation, operation, service and maintenance of such water supply and distribution system shall be as shown on the Final Plat, excepting those service lines extending from the Lot line(s) to the individual structures. Conveyance of said system(s), to the Association from the Owner, including all real and personal property interests, shall be in accordance with Paragraph 6, below. Conveyance of irrigation shares to the Association shall be in accordance with the rules and bylaws of the Missouri Heights -Mountain Meadows Irrigation Company. 5. PUBLIC ROADS. All roads within the Subdivision shall be dedicated to the public as public rights-of-way. Road rights-of-way shall be dedicated by the Owner and accepted by the BOCC, on behalf of the public, on the face of, and as shown on, the Final Plat. The Association shall be solely responsible for the maintenance, repair and upkeep of said rights- of-way, including the traveled surface of the roadways and portions of the rights-of-way outside of the traveled surface to the end point as shown on the Final Plat. The BOCC shall not be obligated to maintain any road rights-of-way within the Subdivision. Subdivision Improvements Agreement Page 4 of 9 Panorama Reserve Subdivision ■hili PI i~D,li 1if,I7i, , flikliT1tR, ■ 1111 Reception#: 730924 08/18/2007 04:14:30 PM Jean Atberica 6 of 23 Rao Fee:SO.01 Doo Fee:0.00 GARFIELD COUNTY CO 6. CONVEYANCE OF WATER SUPPLY SYSTEM. In addition to all dedications contained within the Final Plat, all utility easements, facilities and equipment associated with the water supply system contained within the Subdivision shall be conveyed by quitclaim deed (real property) and bill of sale (personal property) by Owner to the Association at the time of Final Plat Approval. Recordation of the deed in the records of the Clerk and Recorder for Garfield County, Colorado shall occur coincident with the filing of the Final Plat and this Agreement. 7. PUBLIC UTILITY RIGHTS-OF-WAY. Whether or not utility easements exist elsewhere in the Subdivision, all road rights-of-way within the Subdivision, whether public or private, shall contain rights-of-way for installation and maintenance of utilities. Public utility easements shall be dedicated by the Owner on the face of the Final Plat, subject to the Garfield County Road and Right -of -Way Use Regulations, recorded as Reception No. 643477, in Book 1548, at Page 918 and as amended. The Association shall be solely responsible for the maintenance, repair and upkeep of said public utility easements, unless otherwise agreed to with the public utility company(ies). The BOCC shall not be obligated for the maintenance, repair and upkeep of any utility easements within the Subdivision. In the event a utility company, whether publicly or privately owned, requires separate conveyance by deed or otherwise, Owner shall also convey utility easements by separate documents. 8. INDEMNITY. The Owner shall indemzufy and hold the BOCC harmless and defend the BOCC from all claims which may arise as a result of the Owner's installation of the Subdivision Improvements and any other agreement or obligation of Owner related to development of the Subdivision as required pursuant to this Agreement. The Owner, however, shall not be required to indemnify the BOCC for claims made asserting that the standards imposed by the BOCC are improper or the cause of the injury asserted, or from claims which may arise from the negligent acts or omissions of the BOCC or its employees_ The BOCC shall be required to notify the Owner of the BOCC 's receipt of a notice of claim or a notice of intent to sue, and the BOCC shall afford the Owner the option of defending any such claim or action. Failure to notify and provide such written option to the Owner shall extinguish the BOCC's rights under this paragraph. Nothing in this paragraph shall be construed to constitute a waiver of the Sovereign Immunity granted to the BOCC by Colorado statutes and case law. 9. ROAD IMPACT FEE. Owner shall pay a Road Impact Fee in the amount of $6,278.92 to the Garfield County Treasurer, at or prior to the time of recording of the Final Plat. 10. FEES IN LIEU OF DEDICATION OF SCHOOL LAND. Owner shall make a cash payment in lieu of dedicating land to the RE -1 School District, calculated in accordance with the Garfield County subdivision regulations and the requirements of state law. In accordance with the above regulations and requirements the fee in lieu of dedication shall be computed as follows: Unimproved per acre market value of land, based upon an appraisal submitted to the BOCC by Owner as required in the Garfield County subdivision regulations: [$14,673.91; and Subdivision Improvements Agreement Page 5 of 9 Panorama Reserve Subdivision 11111'+.PST11 /114 1lIL4 ,ILII I t lei Pi 11111 Receptionii: 730924 eeI15/2007 04:14:30 Ph Jean Alberico 6 of 23 Rec Fae:$0.00 Doc Fee:0.00 GARFIELD COUNTY CO Land dedication standard, provided in the Garfield County subdivision regulations: 3 single-family dwelling units x .020 acres equals 0.06 acres; and Total amount of cash in lieu payment: $14,673.91 x 0.06 $880. 43] The Owner, therefore, shall pay to the Garfield County Treasurer, at or prior to the time of recording of the Final Plat, Eight Hundred Eighty Dollars and Forty -Three Cents ($880.43) as a payment in lieu of dedication of land to the RE -1 School District. Said fee shall be transferred by the BOCC to the school district in accordance with the provisions of §30-28-133, C.R.S., as amended, and the Garfield County subdivision regulations. The Owner agrees that it is obligated to pay the above -stated fee, accepts such obligation, and waives any claim that Owner is not required to pay the cash in lieu of land dedication fee. The Owner agrees that Owner will not claim, nor is Owner entitled to claim, subsequent to recording of the Final Plat of the Subdivision, a reimbursement of the fee in lieu of land dedication to the RE -1 School District. 11. COMPLIANCE WITH FIRE DISTRICT REQUIREMENTS. The Subdivision is included in the Carbondale and Rural Fire Protection District ("Fire District"). The Owner shall comply with all rules and regulations of the Fire Protection District, including without limitation, the Owner shall: a. include in the Covenants a requirement that all residential units built in the Subdivision must have sprinkler systems. b construct a water storage tank that is 2000 gallons. c. pay, prior to Final Plat Approval, an impact fee of one thousand three hundred eleven dollars and zero cents ($1,311.04), representing $437 per residential unit, to the District, as agreed upon by the District. 11. SALE OF LOTS. No lots, tracts, or parcels within the Subdivision may be separately conveyed prior to recording of the Final Plat in the records of the Garfield County Clerk and Recorder. 12. BUILDING PERMITS AND CERTIFICATES OF OCCUPANCY. As one remedy for breach of this Agreement, the BOCC may withhold issuance of building permits for any residence or other habitable structure requiring a permit, to be constructed within the Subdivision. Further, no building permit shall be issued unless the Owner demonstrates to the satisfaction of the Fire District that there is adequate water available to the construction site for the Fire District's purposes and all applicable District fees have been paid to the District. Further, the parties agree that no certificates of occupancy shall issue for any buildings or Subdivision Improvements Agreement Page 6 of 9 Panorama Reserve Subdivision Mill FA +3t[N :Ail MA APIAriArRidri i Ohl RI Reception#: 730924 78 of 23 Rec04 ee-$0 00MDoceF eA0b001GARFIELD COUNTY CO structures, including residences, within the Subdivision until all Subdivision Improvements have been completed and are operational as required by this Agreement, and until the Garfield County Building and Planning Department. Owner shall provide the purchaser of a lot, prior to conveyance of the lot, a signed copy of a form in substantially the same form as that attached to and incorporated herein by reference as Exhibit E, concerning the restrictions upon issuance of building permits and certificates of occupancy detailed in this Agreement. 13. ENFORCEMENT. In addition to any rights which may be provided by Colorado statute, the withholding of building permits and certificates of occupancy provided for in paragraph 12 above, and the provisions for release of security, detailed in paragraph 3 above, it is mutually agreed by the BOCC and the Owner that the BOCC, without making an election of remedies, or any purchaser of any lot within the Subdivision shall have the authority to bring an action in the Garfield County District Court to compel enforcement of this Agreement. Nothing in this Agreement, however, shall be interpreted to require the BOCC to bring an action for enforcement or to withhold permits or certificates or to withdraw and use security. Nor shall this paragraph or any other provision of this Agreement be interpreted to permit the purchaser of a lot to file an action against the BOCC. 14. CONSENT TO VACATE PLAT. In the event the Owner fails to comply with the terms of this Agreement, the BOCC shall have the ability to vacate the Final Plat as it pertains to any lots for which building permits have not been issued. As to lots for which building permits have been issued, the plat shall not be vacated and shall remain valid. In such event, the Owner shall provide the BOCC a survey, legal description and a plat showing the location of any portion of the Final Plat so vacated and shall record the plat in the Office of the Garfield County Clerk and Recorder. if such plat is not recorded by the Owner, the BOCC may vacate the plat, or portions thereof, by Resolution. It is specifically agreed that this paragraph 14 applies to the Subdivision as a multi-phased project and, therefore, in the event the BOCC vacates the Final Plat as to the Subdivision, subject of this Agreement, the BOCC may also withhold approval of a final plat for a future phase if Subdivision Improvements covered by this Agreement are not completely installed and operable. I5. NOTICE BY RECORDATION. This Agreement shall be recorded in the Office of the Garfield County Clerk and Recorder and shall be a covenant running with title to all lots, tracts, and parcels within the Subdivision. Such recording shall constitute notice to prospective purchasers or other interested parties as to the terms and provisions thereof. 16. SUCCESSORS AND ASSIGNS. The obligations and rights contained herein shall be binding upon and inure to the benefit of the successors and assigns of the Owner and the BOCC. 17. IDENTIFICATION OF CONTRACT ADMINISTRATORS AND NOTICE PROVISIONS. All notices required or permitted by this Agreement shall be in writing and shall be deemed effective when received by the recipient party via personal or messenger service delivery, facsimile transmission or United States certified mail (postage prepaid, return receipt requested), in all cases addressed to the person for whom it is intended at the address or facsimile number set forth below: Subdivision Improvements Agreement Page 7 of 9 Panorama Reserve Subdivision 11111/3111Y142.114I,WilAii11 X11 11 II Reception*: 730924 0$115!2007 04:14:30 PM Jean Alberico 8 of 23 Rim Fee -$0.00 Doc Fee:0.00 GARFIELD COUNTY CO Owner: Cort Lewis 1075 Saxony Drive Highland Park, IL 60035 w/copy to representative: Mary Elizabeth Geiger Caloia, Houpt & Hamilton, P.C. 1204 Grand Ave. Glenwood Springs, CO 81601 Phone: (970) 945-6067 Fax: (970) 945-6292 BOCC: Board of County Commissioners of Garfield County, Colorado c/o Fred Jarman, Planning Director 108 Eighth Street, Room 401 Glenwood Springs, CO 81601 Phone: (970) 945-8212 Fax: (970) 384-3470 The Representatives of the Owner and the BOCC, identified above, are the authorized representatives of the parties for purposes of contact administration and notice under this Agreement. 18. AMENDMENT. This Agreement may be modified from time to time, but only in writing signed by the parties hereto, as their interests then appear. The parties, however, may change the identification of notice recipients and contract administrators and the contact information, provided in paragraph 16 above, in accordance with the notice provisions and without formal amendment of this Agreement. 19. COUNTERPARTS. This Agreement may be executed in counterparts, each of which shall be deemed an original, and all of which, when taken together, shall be deemed one and the same instrument. 20. VENUE AND JURISDICTION. Venue and jurisdiction for any cause arising out of or related to this Agreement shall lie with the District Court of Garfield County, Colorado, and this Agreement shall be construed according to the laws of the State of Colorado. IN WITNESS WHEREOF, the parties have signed this Agreement to be effective upon the date of Final Plat Approval for the Subdivision. Subdivision Improvements Agreement Page 8 of 9 Panorama Reserve Subdivision 1101 Reception#: 730924 OB/15/2007 04:14:30 PM Jean Alberioo B of 23 Ret Fee:$0.00 Doc Fee:0,00 GARFIELD COUNTY CO ATTEST: m CteGr�..�a Cl k to the Board STATE OF\' f ) )ss COUNTY OF ) Subscribed and sworn to before me this Lewis, Owner ofthe Subdivision. WITNESS my hand and official seal. BOARD OF COUNTY COMMISSIONERS GARFIELD C i4 •` , COLORADO By: Date: Choi OWNS R CORT LEWIS, an indi o "OFFICIAL- SEAL' Jane K. Klein wry Public, State of Illinois Cook County My Commission Expires Septa, 2008 day of , 2007, by Cort Oft 411 Notary Public Subdivision Improvements Agreement Page 9 of 9 Panorama Reserve Subdivision X111 t 14111ii'AFE.HT,1 141. f 1111.1KI LIiii 1111 Reception#: 730924 08/15/2007 04:14:30 PM Jean Alberioo 10 of 23 Reo Fee:$0.00 Occ Fee:0.00 GARFIELO COUNTY CO EXHIBIT A to SUBDIVISION IMPROVEMENTS AGREEMENT PANORAMA RESERVE SUBDIVISION Subdivision Improvement Drawings Prepared by Red Mountain Civil, Inc. Dated 12/13105 and Marked "Approved for Construction" On file with Garfield County Building & Planning Department Cl Panorama Reserve Subdivision Overall Site Plan C2 Panorama Reserve Subdivision Drainage Plan C3 Panorama Reserve Subdivision Roadway Plan C4 Panorama Reserve Subdivision Water Storage Tank Plan C4 Panorama Reserve Subdivision Road Grade and Alignment Plan LEWIS-Exhibit A to SIA ■Ill1Yl�3UYhF�'��l�irirY���,1�UfCl#�:Cli�l��l�� 11111 Reception#: 730924 0BJ15/2007 04-14:30 PM Jean Alberico 11 of 23 Rec Faac50.00 Doc Fee:0.00 LRRFIELD COUNTY CO fri b fi y A m Dw - x c r- zm z —4 Fri0 s4 COiq4 8 • • • ■eptirj3 Err llt1 iIiitve muNii 11111 08!1512007 04:14:30 Pit Jean Rlberico <J EY1 12 of 23 Rec Fee:S0.00 Doc Fee:8.00 GARFIELD COUNTY CO 2007 GARFIELD COUNTY TREASURER'S DEPOSIT AGREEMENT PANORAMA RESERVE SUBDIVISION Owner: CORT LEWIS, an individual THIS 2007 GARFIELD COUNTY TREASURERS'S DEPOSIT AGREEMENT - PANORAMA RESERVE SUBDIVISION IMPROVEMENTS ("Deposit Agreement") is entered into by and between the Garfield County Board of County Commissioners ("BOCC"), the Garfield County Treasurer, Georgia Chamberlain ("Treasurer"), and CORT LEWIS, an individual ("Owner"). WHEREAS, the BOCC approved the Preliminary Plan Application for Panorama Reserve Subdivision submitted to the BOCC by the Owner by means of Resolution No. 2007-07 ("Resolution"), attached hereto and incorporated herein as "Exhibit A"; and WHEREAS, the BOCC and Owner entered into that certain Panorama Reserve Subdivision, Subdivision Improvement Agreement ("SIA"), a copy of which is attached hereto and incorporated herein as "Exhibit B"; and WHEREAS, the SIA requires provision of sufficient financial assurance of construction of "Improvements," as defined in paragraph 2 of the SIA, and Owner wishes to deposit good funds for such security; and WHEREAS, consistent with paragraph 3 of the SIA, the BOCC has approved Owner's use of a Garfield County Treasurer's Deposit Agreement in lieu of a Letter of Credit as such financial assurance; and WHEREAS, the Treasurer is willing and able to hold such funds in accordance with the Treasurer's statutory duties outlined in Sections 30-10-701, et seq. and 30-1-102, C.R.S., as amended. NOW THEREFORE, the parties agree as follows: I. Owner's Treasurer's Account. Owner shall deposit with the Treasurer the sum of Fifty -Five Thousand Seven Hundred Seventy Dollars ($55,770) to secure construction of Improvements within Panorama Reserve Subdivision, as defined in paragraph 2 of the SIA, Exhibit B. In consideration of the service fee payable to the Treasurer, identified in Paragraph II., below, the Treasurer shall place the funds in an interest bearing account and disburse funds therefrom in accordance with the terms of this Deposit Agreement. Such account shall be known as the "Panorama Reserve Subdivision Improvements Treasurer's Account" and shall be subject to the terms and conditions of this Deposit Agreement. II. Treasurer's Service Fee. The Treasurer's service fee 1111 VI.FRINAPEATIM.1,411111MCIONil IN 1 III Recepption#: 730924 08/15/2007 04:14:36 PM Jean Rlbarico 13 of 23 Rae Fee:$0.00 Doc Fee:0.00 GARFIELD COUNTY CO to the terms and conditions of this Deposit Agreement. II. Treasurer's Service Fee. The Treasurer's service fee shall be, in accordance with Section 30-1-102(1)(c), C.R.S., as amended, one percent (1.0H). of the deposited funds, i.e., Five Hundred Fifty Seven dollars and seventy cents ($557.70). The service fee covers administrative costs incurred by the Treasurer in distributing and accounting for the Panorama Reserve Subdivision Improvements Treasurer's Account. Such fee shall be paid by Owner: A. 4_ in cash or by check made payable to the Garfield County Treasurer, as noted in the "Receipt" section of this Deposit Agreement (page 6), on or before the date of execution of this Deposit Agreement. The service fee is deemed to be earned by the Treasurer upon execution of this Deposit Agreement. Interest earned on the Panorama Reserve Subdivision Improvements Treasurer's Account shall be paid to Owner as part of the single disbursement detailed in Paragraph III., below. The Treasurer shall thereafter provide to Owner a report of interest earned, as required by state and federal tax law, or; B. _ in lieu of paying the 1.0% Treasurer's service fee, Owner may grant to the Treasurer the right to accrue and earn all of the interest paid on the Gilead Gardens Improvements Treasurer's Account over the term of this Deposit Agreement, as identified in Paragraph TV., below.. Such grant, if made, is shown by the initials of Owner's authorized representative placed in this subparagraph B. III. Disbursement Procedure. Disbursement from the Panorama Reserve Subdivision Improvements Treasurer's Account shall be made by the Treasurer upon the written direction of the BOCC, as follows: A. Request for Review and Approval. Upon completion of construction of Improvements, as defined in Exhibit B, Owner shall provide a certification of final completion of Improvements signed by Owner's licensed engineer, along with a written request for release of security. B. Deficiencies. If the Board of County Commissioners refuses approval of the engineer's certification of approval, the BOCC shall provide written notice of deficiency in substantial compliance with the provisions of paragraph 3.b. of the SIA, and Owner shall correct the identified deficiencies. 1111 111.11.411rAPC.IsitieliiiiiM1riVINtiliiii 11 U Reception#: 730924 0811E/2007 04:14;30 PM Jean Alberica 14 of 23 Rea Fee:$0.00 Doc Fee:0.00 GARFIELD COUNTY CO C. Single Request for Disbursement. This Deposit Agreement does not provide for successive partial releases or disbursements from the Panorama Reserve Subdivision Improvements Treasurer's Account. One (1) final disbursement shall be requested by Owner, upon completion of construction of Improvements. Owner specifically recognizes and agrees that partial releases of the Letter of Credit, outlined in paragraph 3 of the SIA, do not apply to this Deposit Agreement. D. Request for Disbursement/Release. Owner shall request disbursement by means of a written "Request for Disbursement," addressed to the BOCC and delivered to the Garfield County Building and Planning Department. The Request for Disbursement shall be accompanied by as-built/record drawings of the Improvements, stamped by Owner's engineer, and by Owner's engineer's certification of completion of Improvements, certifying that all Improvements have been constructed in accordance with the requirements of the SIA. B. B• ' Acknowled• ent an. Directi• Upon review of the submittals required by subparagraph D., above, if the BOCC approves Owner's engineer's certification, the BOCC shall issue its "Acknowledgment of Satisfaction and Direction to Treasurer", in a form substantially similar to that document attached to and incorporated herein by reference as "Exhibit C". F. BOCC's Completion of Improvements. If Owner's completion of Improvements is deemed unsatisfactory, in the sole discretion of the BOCC, within the period of time defined in Paragraph IV., below, or if the BOCC determines that Owner will not or cannot complete the Improvements under the SIA, the BOCC may withdraw and employ from the Panorama Reserve Subdivision Improvements Treasurer's Account such funds as may be necessary to carry out construction. If funds are inadequate, responsibility to complete remaining Improvements shall be that of the Owner, not the BOCC. If the BOCC elects to complete the Owner's work, expenditure on the effort shall be no more than the principal amount of the Panorama Reserve Subdivision Improvements Treasurer's Account, plus interest, if interest is due Owner, and minus interest, if interest is due to the Treasurer, under terms of Paragraph II., above. If the cost of the work to the BOCC is less than the amount available, the BOCC shall return the overage to Owner within a reasonable period of time following completion by the BOCC. IV. Term. The term of this Deposit Agreement shall begin on the date of execution, as defined below, and end on or before the 111111.FI1ithPtilPAMICICINl X1%1 RN .ii Reception*: 730924 06/15/2007 04:14:30 Pff Jean Alberlco 15 of 23 Rao Fee:$0.00 Dec Fee:0.OD GARFIELD COUNTY CO "Completion Date" plus six (6) months, as expressly defined in the SIA. V. Waiver, Consent and Indemnity. Owner consents to the disbursement procedure and other actions authorized and provided for by the terms of this Deposit Agreement. Owner waives any claim against the BOCC, its officers, employees, agents and contractors, and the Treasurer on account of each of their good faith performance of their obligations under this Deposit Agreement. Owner shall defend, indemnify and hold harmless the BOCC, its officers, employees, agents and contractors, and the Treasurer from and against any claim made on account of this Deposit Agreement. VI. Indemnification of Treasurer. Owner and the BOCC each shall mutually defend, indemnify and hold the Treasurer harmless from any claim made. Owner and the BOCC each waive any claim against the Treasurer involving this Deposit Agreement, unless such claim is premised upon the wanton and willful misconduct of the Treasurer. VII. Binding Effect. This Deposit Agreement shall be binding on the successors and assigns of all parties and shall terminate upon final disbursement of funds held by the Treasurer in the Panorama Reserve Subdivision Improvements Treasurer's Account. VIII.Immunitity. Nothing contained in this Deposit Agreement constitutes a waiver of governmental immunity applicable to the BOCC under Colorado law. IX. No Agency. The making and execution of this Deposit Agreement shall not be deemed to create a partnership, joint venture, or agency or fiduciary relationship among the parties. X. Integration. This Deposit Agreement constitutes the entire agreement among the parties pertaining to the method of deposit and disbursement of the Panorama Reserve Subdivision Improvements Treasurer's Account. No supplement, modification or amendment of this Deposit Agreement., other than changes as to notice information, shall be binding unless executed in writing in a document of equal formality as this Deposit Agreement. XI. Notices. Any notice required or permitted by this Deposit Agreement shall be given in writing and shall be effective upon the date of delivery, or attempted delivery if delivery is refused. Delivery shall be made in person, or by certified return receipt requested U.S. Mail or receipted delivery service to: Ell NI ,14101 0fellt! 11111 Reception#: 738924 08/15/2007 04:14:30 PM Jean Alberioo 18 of 23 Reo Fee:$O.00 Dec Fee:8.00 GA FIELD COUNTY CO [continued on next page] BOCC c/o Building & Planning Dept attn: Fred Jarman, Director 108 8th Street, 4th Floor Glenwood Springs, CO 81601 Phone: (970) 945-8212 Garfield County Treasurer Georgia Chamberlain 109 8th Street, Suite 204 Glenwood Springs, CO 81601 Phone: (970) 945-6382 caner Cort Lewis .1075 Saxony Drive Highland Park, IL 60035 Phone: (312) 848-8000 With a copy to: Mary Elizabeth Geiger, Esq. Caloia, Houpt & Hamilton, P.C. 1204 Grand Avenue Glenwood Springs, CO 81601 Phone: (970) 945-6067 Changes in address, phone number and identity of contact person (s), shall be made in writing, and may be made without formal amendment of this Deposit Agreement. WHEREFORE, the parties have caused this Deposit Agreement to be effective on the date of execution by the BOCC, as beneficiary, noted below. ATTEST: rnsl 17 v lerk to the =:ti �a� Oi John ��. �"� h-rman BENEFICIARY: RD OF COO TY ►.MMISSIONERS GAR ELD CO, TY, •OLORADO 111111IfWMPEPOWNiIi4'l1fig:u44LII 111111 Reception#: 738924 08115/2007 0414:30 PM Jean Alberico 17 of 23 Rec Fee:$0.00 Doc Fee:0.00 GARFI£LD COUNTY CO Date: [signatures continued on following page] State of Illinois ) ss. } County of Cook DEPOSIT HOLDER: GARFIELD COUNTY TREASURER By: ..1 Georgia amberlain, Treasurer Date: DEPOSITOR/OWNER; SSN: 5, -3- ib Date: er Identification Number) Subsc ibed and sworn to before me this day of , 2007, by Cort Lewis. Witness my hand and official se My Commission expires: 'OFFICIAL SEAL' Jane K Klein Notary Pub4C. Stag of Minds Cook County My Commission Expires Sept 6, 2008 a00 g Public 01111 Reception*: 730924 08!15!2007 04:14,30 PM Jean Plberjco 13 of 23 Roc Fee:;0.Q0 Doc Fee:0.00 GARFIELD COUNTY CO RECEIPT Check No. WirGtivtS ; or Cash t Received By: Ce. eS{f{c4 rt. 0,4-b u4, D0-eutk tcm.ir $54117. 70 Print Name: C 7/4./07 - Title: ��2td�%✓��—r�L�SIc�L�� Office of t e Treasurer Date: -7-(-a Form 1099 shall be sent to: Cort Lewis 1075 Saxony Drive Highland Park, IL 60035 1111K FAIANCtili11.10000A WW1 ai 111 Reception#: 715952 02/06/2007 Rec FFe 350.OD Doo Fee: Jean • 1111 KIYIIM"N1"�iY"f�I"iairih ��h11�}"1ii1511111 Reception#. 730924 08/15/2007 04:14:30 PM Jean Alberico 19 of 23 Rao Fee:$O.00 Doc Fee:0.00 GARFIELD COUNTY CO STATE OF COLORADO ) )ss County of Garfield ) At a regular meeting of the Board of County Commissioners for Garfield County, Colorado. held in the Commissioners` Meeting Room, Garfield County Plaza Building, in Glenwood Springs on Monday, December 4.2006, there were present: John Martin , Commissioner Chairman Larry McCown , Commissioner Tresi Houpt _, Commissioner Don DeFord , County Attorney Mildred Alsdorf , Clerk of the Board Ed Green , County Manager when the following proceedings. among others were had and done, to -wit: RESOLUTION NO.2 ° 0 7 -U7 A RESOLUTION CONCERNED WITH THE APPROVAL OF A PRELIMINARY PLAN APPLICATION FOR THE PANORAMA RESERVE SUBDIVISION WHEREAS, the Board of County Commissioners of Garfield County, Colorado, received a Preliminary Plan Application from Cort Lewis to subdivide a 46.069 -acre property into 3 residential lots having approximately 10, 8.1, and 27.9 acres and which property is generally located in the Missouri Heights area, approximately 3 miles north of Catherine Store in Section 17. Township 7 South, Range 87 West of the 6th P.M., Garfield County; and WHEREAS, the subject property is Iocated in the Agricultural / Residential / Rural Density (ARRD); and WHEREAS, on September 13, 20015, the Garfield County Planning and Zoning Commission forwarded a recommendation of approval with conditions to the Board of County Commissioners for the Preliminary Plan; and WHEREAS, on December 4, 2006, the Board of County Commissioners opened a public hearing upon the question of whether the Preliminary Plan should be granted, granted with conditions, or denied at which hearing the public and interested persons were given the opportunity to express their opinions regarding the issuance of said Preliminary Plan; and WHEREAS, the Board of County Commissioners closed the public hearing on the 1i1111hgayhf,ral, rifiAi ievre TIM 1111/4.14, *NAFQ , ,l ',tii,1aErl f{ii4;11 1411111 Reception#: 728952 Reeeptionii; 730924 02/08/2007 04:38:24 PM 8:1893 P:0375 Jean A1ber. 08/15/2007 04,14:30 PM Jean Alberico 2 of 5 Rec Fee'S0.00 Doc Rea. GARFIELD COUNTY 01 20 of 23 Rec Fee,$0.00 Doo Fee:3.00 GARFIHLD COUNTY CO December 4, 2006 to make a final decision; and WHEREAS, the Board of County Commissioners on the basis of substantial competent evidence produced at the aforementioned hearing, has made the following determination of facts: 1. That proper publication. public notice, and posting was provided as required by law for the hearings before the Planning and Zoning Commission and before the Board of County Commissioners. 2. That the public hearings before the Planning and Zoning Commission and the Board of County Commissioners were extensive and complete; all pertinent facts, matters and issues were submitted; and that all interested parties were heard at those hearings. 3. The application is in compliance with the standards set forth in Section 4:00 of the Garfield County Subdivision Regulations of 1984, as amended. 4. That the proposed subdivision of land is in compliance with the recommendations set forth in the Comprehensive Plan for the unincorporated areas of the County. 5. The proposed subdivision of land conforms to the Garfield County Zoning Resolution of 1978, as amended. 6. The proposed use is in the best interest of the health, safety, morals, convenience, order, prosperity and welfare of the citizens of Garfield County. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Garfield County, Colorado, that based on determination of facts set forth above, the Preliminary Plan request is approved with the following conditions 1. That all representations made by the Applicant in the application, and at the public hearing before the Board of County Commissioners and Planning Commission, shall be conditions of approval. unless specifically altered by the Board of County Commissioners. 2. The applicant shall place the following plat notes on the final plat and in protective covenants: a. "Colorado is a "Right-to-Farrn" State pursuant to C.R.S. 35-3-101, et seq. Landowners, residents and visitors must be prepared to accept the activities, sights, sounds and smells of Garfield County's agricultural operations as a normal and necessary aspect of living in a County with a strong rural character and a healthy ranching sector. All must be prepared to encounter noises, odor, lights, mud, dust, smoke chemicals. machinery on public roads, livestock on public roads, storage and disposal of manure, and the application by spraying or otherwise of chemical fertilizers, soil 2 �y p� {gyp '�,4 �(q S� q '` `� (�` Ippirmig!!!!3,41.hinorwon N��g 11111 rijNYi4 ivie'iY1Y�I itllitrYi critReception#: 71&95221 o523Rem Fee b0.00 Coe Fee -3 00cGHRFIELD COUNTY CO 32 off 5 Rem 0Fee:$0?00PDoe Feet 6RRFiELDe000NTYeCO� amendments, herbicides, and pesticides, any one or more of which may naturally occur as a part of a legal and non -negligent agricultural operations." b. "No open hearth solid -fuel fireplaces will be allowed anywhere within the subdivision. One (1) new solid -fuel burning stove as defied by C.R.S. 25- 7-401, et. seq., and the regulations promulgated thereunder, will be allowed in any dwelling unit. All dwelling units will be allowed an unrestricted number of natural gas burning stoves and appliances." c. "All owners of land, whether ranch or residence, have obligations under State law and County regulations with regard to the maintenance of fences and irrigation ditches, controlling weeds, keeping livestock and pets under control, using property in accordance with zoning, and other aspects of using and maintaining property. Residents and landowners are encouraged to [earn about these rights and responsibilities and act as good neighbors and citizens of the County. A good introductory source for such information is "A Guide to Rural Living & Small Scale Agriculture" put out by the Colorado State University Extension Office in Garfield County." d. "AU exterior lighting will be theminimum amount necessary and all exterior lighting will he directed inward and downward towards the interior of the subdivision, except that provisions may be made to allow for safety lighting that goes beyond the property boundaries." e. '`One (1) dog will be allowed for each residential unit and the dog shall be required to be confined within the owner's property boundaries." f. "All building foundations and individual sewage disposal systems will be designed by professional engineer registered in the State of Colorado." 3. The Applicant shall create an unincorporated Homeowners Association. 4. A covenant shall be added, requiring that any trash cans be "bear proof". 5. The Applicant shall insert the ISDS maintenance agreement/plan into the protective covenants, with provisions for homeowners to pay a portion of the annual dues to cover the .inspection requirements of the plan, by a qualified professional hired by the HOA. 6. The Applicant shall make a cash payment in -lieu of dedicating land to the RE -1 School District in the amount and at the time as set forth in the Garfield County Regulations �p i w �,y u 1 ���1 � �zaw�Eaf�'�c��f�i,ll��n�i�1�a���il� 11111 1111 1/161 NI E110/1 i41114 Recep r,I7t 730924 Reception#: 716952 22�of,23 Rem Fee:$0.00 Doo Fee:0 00eGRRFIELD COUNTY CO 02!0912007 04:98:44 PM 8:1893 P:0381 Jean oioorioo 4 of S Rec Fee:SO 00 Doe Fee. GOFFIELO COUNTY CO 7. The Applicant shall pay the Carbondale Fire Protection district impact fee of $437/dwelling unit prior to Final Plat approval. 8. The Applicant shall pay the applicable traffic impact fee in the amount and at the time as set for in the Garfield County Regulations. 9. The road shall be a public road and right of way dedication shall be at the time of final platting. A plat note using the standard dedication certificate language as set for by Garfield County shall be used. 10. Any recommendations from the State Geological Survey will be incorporated into any conditions of approval made by the Board of County Commissioners and shall be specifically included in the covenants and as plat notes on the Final Plat. 11. By this approval, the Board of County Commissioners specifically waives the requirement that the water system shall be a looped system as required in Section 9:53 of the Subdivision Regulations of 19$4 as amended. 12. The detention structures proposed on each lot shall be built by the Applicant and included in the Subdivision Improvements Agreement at Final Plat. 13. The Applicant shall delineate. legally describe, and convey all easements shown an the plat to the Homeowners Association. This dedication needs to be in a form acceptable to the County Attorneys Office and transfer shall occur at the time of recording the final plat. These easements shall include, but are not limited to all drainage easements, shared water system easements (domestic wells and water storage tank), storm -water drainage easements. all internal roads (which will be dedicated to the public on the face of the final plat) and any access and maintenance easements that need to be provided for in the common open space. 14. That all residential structures on all the lots shall be constructed with sprinkler systems in accordance with NFPA 13D — Standard for the Installation of Sprinkler Systems in One and Two -Family Dwellings. Dated this 541" day of-Fe-L(1ot? A.D. 2007. ATTES's. (•) Jr • fc Cl �' of the Board GARFIELD COUNTY BOARD OF COMMISSIONERS, GAD COUNTY, CO 4 1111 n pp pack *mph Hri 11111 Reception#: 730924 QeceptlonSt: 715952 08/13/2007 04:14:30 PI Jean Alberico 82/33952007 04:38.2A CO M t3.F933 P•Dae2JARFIELD Y ricc 23 of 23 Roo Fee:S0.00 Doc Fee:0.00 GARFIELD COUNTY COCO D Upon motion duly made and seconded the foregoing Resolution was adopted by the following vote: John Martin , Aye Larry McCown , Aye Tresi Houpt , (Recused) STATE OF COLORADO ) )ss County of Garfield ) i, , County Clerk and ex -officio Clerk of the Board of County Commissioners in and for the County and State aforesaid do hereby certify that the annexed and foregoing Resolution is truly copied from the Records of the Proceeding of the- Board of County Commissioners for said Garfield County, now in my office. IN WITNESS WHEREOF. I have hereunto set my hand and affixed the seal of said County, at Glenwood Springs, this day of A.D. 2007 County Clerk and ex -officio Clerk of the Board of County Commissioners 5