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HomeMy WebLinkAbout1.0 Subdivision Improvement Agreementllll tltr lIlllU,lHl{,Hl,ltl,l{{,lh'il lrlU, Hf ru'H'I ll ll I Reeeption$: 734160 lotodt2ao7 @2:o7:49 Pll Jean Albaricoi-oi-9,-Fec-Fee,so.oo Doc ree,0.@0 GnRFtELo couNTY co PINYON MESA FILING I SUBDIVISION LOCATED IN THE LOS AMIGOS PUD SUBDIVISION IMPROVEMENTS AGREEMENT THIS PINYON MESA FILING I ("Pinyon Mesa") SuMivision, located in the Los Amigos PUD, SUBDIVISION IMPROVEMENTS AGREEMENT (..Agleement',) is made and entered into this L1r day of Oc*ob<r , 2007, by -*d b"t*"n Pinyon Mesa Development, Inc. ("owner") and ttre goaRD br coLJNTy COMMISSIONERS OF GARFIELD COUNTY, COLORADO, acting for the County of Garfield, State of Colorado, as a body politic and corporate, directly or through its authori zed representatives and agents (.,BOCC"). WHEREAS, Owner is the owner and developer of the Subdivision, which Property is depicted on the Final Plat of Pinyon Mesa Subdivision ("Final Plat" or ,,Finat Plat of the Subdivision"); and WHEREAS, on February 5, 2007 the Bocc, by Resolution No. zooT-04, approved a preliminary plan for the Subdivision which, among other things, would create eighty (80) single-family residential lots ("preliminary plan Approval',); and WHEREAS, owner has submitted to the county for its approval a finalsubdivision plat ("Final PIat') for the first filing of the s,rLdiririon, comprising forry- eight (48) single-family residential lots and two (2) open space/common arei parcels; and WIIEREAS, T_a-condition of approval of the Final Plat of the Subdivision, submitted to the BOCC for approval as required by the laws of the Stare 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 collateralto the BOCC to secure and guarantee Owner's performance ,nder this Agreement andhas agreed to certain restrictions and conditions regarding the sale of pioperties and issuance of building permits and certificates of oc.up*.y, all as more fully set forth below. NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein, the parties agree as follows: I' FINAL PLAT APPROVAL. The BOCC hereby accepts and approves the Final Plat of the Subdivision, on the date set forth above, subject to tire terms and conditions ofthis Agreement, the Preliminary Plan Approval, and ihe requirements of the GarfreldCounty zoning and .subdivision regulations and any othei govemmental or quasi- govemmental regulations applicable to the Subdivision ("Finai PIat Approval,). This approval authorizes construction and development within Filing I of the Subdivision, as approved by the Preliminary Plan Approval. Development wittrin future phases shallrequire subsequent approval by the BOCC of subdivision final plats and associated Ftrrn t?C Ave ,* za1 198516-3 .z tl&t .gtbzl 1r 0 1, I(/ iV* Ill l[1 lEll[4\!lll ,!{l,Hl,l{{,lHl $til,lif,ll*I,ll{,1 Il lllReceptionfi: 734760 1Al@Al2O07 O2:O7:4@ Plt Jean nlberico2 ol 32 Rec Fce:So @0 Doc Feero.@o GnRFIELD CoUNTY C0 subdivision improvements agreements and other documents required for approval by the BOCC. Recording of the Final Plat shall be in accordance with this Agreement and at the time prescribed herein. 2. OWNER'S PERFORMANCE. Owner has constructed and installed certain subdivision improvements, and shall cause to be consuucted and installed other subdivision improvements (collectively the "Improvements"), identified in subparagraphs a and b below, at its own expense, including payment of fees required by the County and/or other govemmental and quasi-govemmental entities with jurisdiction. Any one or more and all on-site Improvements shall be on or before the end of the first full year following execution of this Agreement, i.e., 2008 (completion date), in compliance with the following: a. Plans marked "Approved for Construction" for all on-site Improvements for the Subdivision, prepared by Schmeuser, Gordon, Meyer, Inc, under project number 1502F, consisting of 26 pages, revised as of 2/28/O'1, and submitted to the BOCC on or about firrc 4roq1 ; the estimate 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 "A"; 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 govemmental or quasi- governmental authority(ies) with jurisdiction. d. The provisions of this Agreement. The BOCC agrees that if all Improvements are installed in accordance with subparagraphs 2 (a) through 2 (d), above; the record drawings to be submitted upon completion of the lmprovements 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 Garfield County zoning and subdivision regulations, with respect to the installation of improvements. 3. SECURITY FOR IMPROVEMENTS. a. Letter of Credit. As security for Owner's obligation to complete the lmprovements, Owner shall deliver to the BOCC, on or before the date of recording of the Final Plat of the SuMivision with the Garfield County Clerk and Recorder, one or more Letters of Credit in the form agreed to be acceptable to the BOCC, attached to and incorporated in this Agreement by reference as Exhibit "B" ("LOCS'), or such other form of security as may be deemed acceptable to the BOCC as provided in paragraph 3 (g), l98sl6-3 bcr l,1oo$ rl fif [ | til I tilll_l lJ t, lll {, H {, f { t, H l, H, { I # tfl , I I I I I IReceptionf: 73476;01@!Ogl2O@7 02:O7:40 pt Jean nlb.rico3 or s2 Rec Fee:S@.00 ooi-FJe,dldb'EXRrlEr-o coUNTy co below. The LOC(s) shall be in the amount of $2,123,876.15, rePresenting the full estimated cost of completing the Improvements, including a sufficient contingency to cover cost changes, unforeseen costs and other variables (not less than l0% of the estimated costs and as approved by the BOCC), minus the cost of Improvements already completed as of the date of execution of this Agleement, for a total of $102,320.90 as set forth and certified by Owner's Engineer on Exhibit'.A", to guarantee completion of the remaining lmprovements. b. Reveeetation Security. Revegetation of disturbed areas in the Subdivision shall be secwed by delivery of a Lefter of Credit in a form acceptable to the BOCC, attached to and incorporated in this Agreement by reference as Exhibit "C", in the amount of $32,500.00 from the Owner to the BOCC ("Revegetation LOC"). The Revegetation LOC shall be valid for a minimum of two (2) years following recording of the Final Plat. i. Upon establishment of vegetation, the Owner shall request review of the revegetation work by the Garfield County Vegetation Management Departnent, by telephone or in writing. Such review shall be for the purpose of verification of success of revegetation and reclamation in accordance with the Garfield County Weed Management Plan 2000, adopted by Resolution No, 2002-94 and recorded in the Office of the Garfield County Clerk and Recorder as Reception No. 580572, at Book 1251, Page 566, as amended, and the Revegetation/Reclamation Plan for the SuMivision submitted as part of the Final Plat Documents. ii. Following receipt of written approval of the Vegetation Management Department, 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. iii. If the Vegetation Management Department refuses approval and provides written notice of deficiency(ies), the Owner shall cure such deficiencies by further revegetation efforts, approved by the Vegetation Management Department, as such may be instituted within the two years following recording of the Final Plat. iv. If revegetation efforts are deemed unsuccessful within the two year period of time, in the sole discretion of the BOCC 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 from the Revegetation LOC such funds as may be necessary to carry out the revegetation work, up to the amount of Revegetation LOC. 198516-3 llll lilttt lHllr4tllll,ltfi ,uil,[+l,ll+l Hl tFidit#,ltl'l I I I I I Receotimil: ?31160 lEtCre'l2@@7 D2:@7 :40 PFI Jcan Atberigg-,i-l,i-irl-Fic-FeE, iti. oo D"c aae, 0. o0 GnRFIELD couNrY c0 v. 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 Agleement 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. vi. It is specifically understood that the Revegetation LOC is not subject to successive partial releases, as authorized in subparagraph 3(d) below. Further, the Revegetation LOC, and the BOCC's associated right to withdraw funds and bring a court action, may survive final release of the LOC(s) and/or termination of this Agreement. c. LOC Requirements. The LOC(s) required by this Agreement shall be issued by a state or national banking institution acceptable to the BOCC. If the institution issuing the LOC(s) is not licensed in the State of Colorado and transacting business within the State of Colorado, the LOC(s) shall be "confirmed" within the meaning of the Uniform Commercial Code, Letters of Credit, $4-5-l0l 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(s) shall state that presentation of drafts drawn under the LOC(s) shall be at an office of the issuer or confirmer located in the State of Colorado. The LOC(s) shall be valid for a minimum of six (6) months beyond the completion date for the lmprovements 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 Improvements, including revegetation, is extended by a written amendment to this Agreement, the time period for the validity of the LOC(s) shall be similarly extended by the Owner. For each six (6) month extension, the face amount of the LOC(s), including the Revegetation LOC, at the sole option of the BOCC, shall be subject to recertification of cost of completion by Owner's Engineer and review by the BOCC for a possible increase in the face amount of the LOC, in order to assure suffrciency of the amount of security to allow possible completion of the Improvements by the BOCC under tenns of this Agreement. Additionally, should the LOC(s) become void or unenforceable for any reason, including bankruptcy of the Owner or the financial institution issuing or confirming the LOC, prior to the BOCC's approval of Owner's Engineer's certification of completion of the 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. d. Partial Releases of Security. Owner shall request partial release(s) of the LOC(s) 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 Improvements, stamped by Owner's Engineer. The Owner's Engineer's seal shall certiff that the lmprovements have been constructed in accordance with the requirements of this Agreement, including all Final PIat Documents and the Preliminary Plan Approval. 198516-3 llll Ht lulF4\Dll{,!lh,ttl,l{l,H,ll lt+l ll+l lillt lll'l I ll I Rcceotion$: 734760\ata{tiwt o2:@7:40 Pl1 Jean Albe!ic9-d';i-i2-F:.-FiI,islob"oo"-Fle','6.00 GARFIELD couNrY co Owner may also request release for a portion of the security upon proof that l) Owner has a valid contract with a public utility company regulated by the Colorado Public Utilities Commission 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 BOCC shall authorize successive releases of portions of the face amount of the LOC(s) as portions of the Improvements, other than revegetation, required hereunder are certified as complete to the BOCC by the Owner's Engineer and said certification is approved by the BOCC. e. BOQC's lnvestigation. Notwithstanding the foregoing, upon submission of the Owner's Written Request for Partial Release of LOC, along with Owner's Engineer's Certificate of Partial Completion of Improvements, the BOCC may review the certification and may inspect and review the lmprovements certified as complete to determine whether or not said Improvements have been constructed in compliance with relevant specifications, as follows: i. If no letter of potential deficiency is fumished to Owner by the BOCC within fifteen (15) days of submission of Owner's Written Request for Partial Release of LOC accompanied by Owner's Engineer's Certificate of Partial Completion of Improvements, all Improvements certified as complete shall be deemed complete by the BOCC, and the BOCC shall authorize release of the appropriate amount of security. ii. If the BOCC chooses to inspect and determines that all or a portion of the lmprovements certified as complete are not in compliance with the relevant specifications, the BOCC shall fumish a letter of potential deficiency to the Owner, within fifteen (15) days of submission of Owner's Written Request for Partial Release of LOC accompanied by Owner's Engineer's Certificate of Completion of lmprovements. iii. If a letter of potential deftciency is issued identifying a portion of the certified Improvements as potentially deficient, then all Improvements not identified as potentially deficient shall be deemed complete, and the BOCC shall authorize release of the amount of security related to the certified Improvements that are not identified as potentially deficient. iv. With respect to Improvements identified as potentially deficient in a letter of potential deficiency, the BOCC shall have thirty (30) days from thc date of the letter to complete the initial investigation, begun under subparagraph 3.d.ii., above, and provide written confirmation of the deficiency(ies) to the Owner. v. If the BOCC finds that the Improvements are complete, in compliance with the relevant specifications, then the appropriate amount of security 198516-3 Illl H[ lElllu\llll,hl,tltl,l,.tl,[il!,u*l lH'I lilt llt', { ll ll I Receotion$: 734?60 l%?613'Bl.'3;31if;urB'o.i"F3"l3l3E'38*',.10 couNry co shall be authorized for release within ten (10) days after completion of strch investigation. f. BOCC Completion of k-rprovements. If the BOCC finds, within the thirty (30) day period of time, defined in subparagraph 3 (eXiv) above, that the Improvements are not complete, or if the BOCC determines that the Owner will not or cannot constnrct any or all of the Improvements, whether or not Owner has submitted a written request for release of LOC, the BOCC may withdraw and employ from the LOC(s) such funds as may be necessary to construct the Improvements in accordance with the specifications, up to the face amount, or remaining face arnount, of the LOC(s). 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 LOC(s). In lieu of or in addition to drawing on the LOC(s), 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 LOC(s) or filing a civil action. g. Final Re-lease of Securi8. Upon completion of all Improvements, Owner shall submit to the BOCC, through the Building and Planning Department: l) record drawings bearing the stamp of Owner's Engineer certifying that all on-site 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 real property and other interests which Owner is obligated to convey to the Homeowners' Association of the Subdivision by the terms of this Agreement; and 3) a Written Request for Final Release of LOC, in the form attached to and incorporated herein as Exhibit "E," along with Owner's Engineer's Cerrtificate of Final Completion of Improvements. i. The BOCC shall authorize a final release of the LOC(s) after the 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 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(g). ii. Notwithstanding the foregoing, upon Owner's Written Request for Final Release of LOC accompanied by Owner's Engineer's Certificate of Final Completion of [mprovements, 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(e) above shall be followed. iii. If the BOCC finds that the Improvements are complete, in accordance with the relevant specifications, the BOCC shall authorize release of the l 985r 6-3 tiq#*.!g}f#.*, I"[lH,::ntr r""i'n{'r ] * t final amount of security within ten (10) days after completion of such investigation. If necessary, the BOCC may complete remaining Improvements in accordance with process outlined in Paragraph 3(f) above. h. Substitution of Letter of Credit. The BOCC, at its sole opinion, may permit the Owner to substitute collateral other than a LOC, in a form acceptable to the BOCC, for the purpose of secr.ring the completion of the Improvements. 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. WATER SUPPLY AND WASTEWATER COLLECTION. Prior to issuance of any certificates of occupancy by the BOCC for any residences or other habitable structures located and constructed within the Subdivision, Owner shall install and connect a water distribution system for potable water, fire protection and a wastewater/sewer collection system in accordance with approved plans and specifications. All easements and rights-of-way necessary for installation, operation, service and maintenance of such water supply and distribution system and wastewater collection system shall be as shown on the Final Plat. Conveyance of the system(s), including real and personal property interests, from the Owner to the Red Canyon Water District and the Spring Valley Sanitation District shall be in accordance with Paragraph 7, below. If a third purty *t.. ot sewer entity requires warranty of the system(s), Owner shall provide proof to the BOCC that such warranty is in effect. 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 the Final Plat. The Homeowners' Association of the Subdivision shall be solely responsible for the maintenance, repair and upkeep of said rights-otway, including the triveled surface of the roadways and portions of the rights-of-way outside of the traveled surface. The BOCC shall not be obligated to maintain any road rights-of-way within the SuMivision. 6. PUBLIC UTILITY RIGHTS-OF-WAY. Whether or not utilify easements exist elsewhere in the SuMivision, 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 easernents shall be dedicated by the Owner and accepted by the BOCC, on behalf of the public, on the face of the Final PIat. The Homeownirs' Aisociation of the Subdivision shall be solely responsible for the maintenance, repair and upkeep of said public utility easements, unless otherwise agreed to with the public utility iomfany(ies). The BOCC shall not be obligated for the maintenance, repair and upkeep of any utiliiy easements within the Subdivision. In the event a utility company, whether publicly or privately owned, requires separate conveyance by deed or otherwise, Ownei shall also convey utility easements by separate document. l98sl6-3 llll H,t lu!lu,\!lll,tlil,ui l,H l,H,[[St Flfi t# lll'l I I lt I ReceDtion$: 734760 [d!",{1tr6P'."u?;B]i6?uB'o"3'F!"1AlE6'33*r,.LDcouNTyco 7. CONVEYANCE OB OPEN SPACE AND ROAD RIGHTS-OF. WAYAilATER SUPPLY SYSTEM/WASTEWATER COLLECTION SYSTEM. The Water Supply System and Wastewater Collection System(s) shall be conveyed by deed at the time of Final Plat Approval and shall be recorded following recordation of the Final Plat of the Subdivision. 8. INDEMNITY. The Owner shall indemnifu and hold the BOCC harmless and defend the BOCC from all claims which may arise as a result of the Ovmer's installation of the Improvements and any other agreement or obligation of Owner related to development of the Subdivision required pursuant to this Agreement. The Owner, however, does not 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 notifr 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. Pursuant to the Garfield County subdivision regulations, a Road Impact Fee of ninety five thousand eight hundred and seventy dollars and four cents ($95,870.04) has been established for the residential units within the Subdivision. Owner is responsible for fifty percent (50%), i.e., forty seven thousand nine hundred and thirty five dollars and two cents ($47,935.02) of the Road Impact Fee. Owner is to receive credit in the amount of eighteen thousand six hundred dollars and no/cents towards that amount due to the construction of a turn lane into the Subdivision. This amount is reflected in the letter and documents attached hereto as Exhibit A. Therefore, Owner shall remit payment to the Garfield County Treasurer in the amount of twenty nine thousand three hundred and thirty five dollars and two cents ($29,335.02) at or prior to the time of recording of the Final Plat. The remaining 50%, i.e., forty seven thousand nine hundred and thirty five dollars and two cents ($47,935.02) will be collected pro rata from lot owneftr each time a building permit issues for a residence within the SuMivision. 10. SCHOOL LANDS/T'EES IN LIEU. Previously a deed conveying land to the Roaring Fork School District RE-l has been recorded at Reception No. 723310 in Book 1926, at Page O592, in accordance with Section 30-28-133(4), C.R.S., as amended. Therefore, Owner is not responsible for payment of fees in lieu of dedication of school land. I l. COMPLIANCE WITH FIRE DISTRICT REQUTnTMENTS. The Carbondale & Rural Fire District ("District') has reviewed and commented on this application. Per this review, the Owner shall: 198s16-3 ]lt tl[ 1 ullu,lulll,!tJL[|tl,l{{, lllLltil uili I Jfl lll'l ll I I I ReceDtlon*: 7341E,0 10lo{t20/@7 @2,@7,40 PFI J.an nlb€rico6-;i"!2-E""-Fii,so.ob ooi-FdE'o.60 GARFIELD couNrY co A. Install a water supply system pursuant to plans approved by the District's Fire Chief, including fire hydrants at the locations agreed upon between Owner and the District, shown on the Final Plat of the Subdivision. B. Pay an impact fee to the District of $437 per dwelling unit at the time of Final Plat. For this Filing l, the fee shall be $20,976.00. 12, 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. 13. 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, and any structures requiring building permits on the Open Space/Common Area parcels to be constructed within the SuMivision. Further, no building permit shall be issued unless the Owner demonstrates to the satisfaction of the Carbondale Rural Fire Protection District ("District') that there is adequate water available to the construction site for the District's purposes and all applicable District fees have been paid to the District. Ftuther, the parties agree that no certificates ofoccupancy shall issue for any buildings or structlres, including residences, within the Subdivision until all on-site Improvements have been completed and are operational as required by this Agreement. Owner shall provide the purchaser ofa lot, prior to conveyance ofthe lot, a signed copy ofa form in substantially the same form as that attached to and incorporated herein by reference as Exhibit "F," conceming the restrictions upon issuance of building permits and certificates of occupancy detailed in this Agreement, Final Plat Approval and Preliminary Plan Approval. 14. 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 ofsecurity, 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 puchaser 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. 15. 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. tn I 98s l6-3 llil ltt H [:l'uT,! thH]T,H[lIr,HHl+tf l +ff ll+ t llt' t ll il IReception*: 734760 lOlOBl2O@7 @2:@7:4@ Pl,l Jean nlbrico10 ol 32 R€c F.!:$0.@@ Doc Fee:o.Glo GARFIELD CoUI'ITY CO 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 reoord 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 on-site or off-site Improvements covered by this Agreement are not completely installed and operable. 16. NOTICE BY RECORDATION. This Agreement shall be recorded in the Offrce 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. 17. SUCCESSORS AND ASSIGNS. The obligations and righs contained herein shall be binding upon and inure to the benefit of the successors and assigns of the Owner and the BOCC. 18. 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 seryice delivery, facsimile transmission or United States certified mail (postage prepaid, retum receipt requested), in all cases addressed to the person for whom it is intended at the address or facsimile number set forth below: Owner:John Elmore, President Pinyon Mesa Development, Inc. 253 Silverlode Dr. Aspen, CO 81611 With copy to:David McConaughy Garfreld & Hecht, P.C. 420 Seventh Ave. Suite 100 Glenwood Springs, CO 81601 BOCC:Board of County Commissioners of Garfield County, Colorado c/o Planning Director 108 Eighth Steet, Room 201 Glenwood Springs, CO 81601 Phone: (970)945-EZl2 Fax: (970) 384-3470 198516-3 ril ffi lt[:h!l,! ]hllt,ltfiltt'l{llil#ll#lhl,lll'l ll ll I ReceDtion$: 7341fi0 il''fl ZldlJ:"i ;33 ; lE EB oi:'P":l B:66"34RF r ELo couNrY co The Representatives of the Owner and the BOCC, identified above, are the authorized representatives of the parties for purposes of contact adminishation and notice under this Agreement. 19. 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 17 above, in accordance with the notice provisions and without formal amendment of this Agreement. 20. 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. 21. VENUE AIID JURISDICTION, Venue and jurisdiction for any cause arising out of or related to this Agreement shall lie with the District Cor.ut of Garfield County, Colorado, and this Agreement shall be construed according to the laws of the State of Colorado. IN WITNESS WIIEREOF, the parties have signed this Agreement to be effective upon the date of Final Plat Approval for the Subdivision. OWNER: PINYON MESA DEVELOPMENT, INC., a corporation in Fact for John A.lI, President BOARD OF COUNTY COMMISSIONERS THE GARFIELD, STATE OF By: PrintN /vl-A-ilv-t^-.o, & Recorder Garfield County, Colorado 198516-3 SEAT- STATE OF COLORADO COLTNTY OF E+6L( Illt ltt lllilllli,! thllllihfi[uf#rHHlilrH,l{{'l ] ll I Receotion#: 734760 10tadt2@l@7 @2:@7:40 Pll J.an AIo.rico 12 oI 32 Rec Fcer$@.Oo ooc Fee:O.oO GARFIELD COUNTY CO ) )ss. ) Development, Inc. WITNESS my hand and official seal. Subscribed and swom to before me by, m" Zftday of September, 2007 by Robyn J. Myler, Attomey in Fact for John A. Elmore II, President of Pinyon Mesa -te ,9,m" v/' 'd STATE OF COLORADO COUNTY OF GARFIELD Subscribed and to before me by Chairman of the Board of County Commissioners for Garfield County, this day of 2007 WITNESS my hand and official seal. My commission expires: Notary Public ) )ss. ) swom 198s16-3 raco? SCHMUESER GORDON MEYER ENGINEERS SURVEYORS Septernber 27,2007 Craig Richardson, Senior Planner Garfield County Planning Department 108 8th Street Suite 400 Glenwood Springs, CO 81601 RE: Pinvon Mesa Phase I Infrastructure Dear Craig: Schmueser Gordon Meyer is the Engineer of Record for Pinyon Mesa Phase l. Plans and specifications for the infrastructure work have been prepared under my direction. During the construction of the infrastructure for Phase l, SGM provided periodic site inspections and general construction over site for the work. Attached hereto are statements from the Owne/s Representative, the geotechnical testing firm and the contractor involved in the project. Based on our periodic field observations and the representations made by the respective parties involved in the construction, to the best of our knowledge, the infrastructure completed to date has been completed in conformance with the contract documents prepared by our office. A summary of the constructions costs for Phase ! indicating those facilities which have been installed and those facilities which remain to be completed as of the date of this letter. Also attached is a copy of an invoice from Trulove Excavating LLC for work related to the mnstruction of the right turn deceleration lane on County Road 114 at the intersection with Pinyon Mesa Drive. The improvements consisted of scarifying and re-compaction of the existing surface, placement of Class 6 Aggregate Base Coarse and asphalt pavement as per the recommendations of Ground Engineering Consultants, lnc. A copy of their recommendation, as well as a letter from them certifying the improvements, is also attached. As per agreement with Garfield County, the cost of these improvements is to be subtracted from the amount of road impact fees the developer is obligated to pay for Pinyon Mesa, Phase 1. Respectively submitted, SCHMUESER GORDON MEYER DWG/als ll lll I r:tJl;Da-)l)';PFIN(i5 r t B w. 6rH, sutE 2oo GLENWOOO SPAINGS, CO I 60 I 970-945- I OO4 FX:97G945-5948 P.O. BOx 2155 asPEN, CO Al6l2 97e925-67?7 Fxr 97G925'a 157 C:RESTED BU'[E P.O. BOx 3066 cREsrEo EffiE. co 41224 e70-349s355 flr g7O34e'5354 t Gordu t11981\01so2\F-Lower Bench\Final Plat Documents\L20070927 - ltr to Craig Richardson.doc ?H.,Htti#,.',l1bfl [IH"[H:T::;::"'"" ffireffiffiHffiffE Septenrber 27.2OO7 Subiect: Geoteohnical Services and tvlaterials Testing, County Rd 114 Deceieraticn L.ane, PtnYcn b{esa Develcpment, Garfieid County, Coiorado Job Number: 07-6511 Pinyon Mesa Development, LLC Attn: Brett Benzel 217 Spirit Way New Castle, Colorado 81647 Attn: Mr. Brett Benzel This letter summarizes lhe materials testing Ground Engineering Consultants, lnc. (GROUNDi has performed during the construction of the Deceleration Lane along County Road 114 associated with the Pinyon Mesa Development, Phase I in Garfield County. Colorado. The construction materials testing was performed at times scheduled by the contractor. During construction of the deceleration lane. nuclear moisture density testing was perrodically performed on the pavement subgrade to determine percent compaction and in-place moisture content, ln addition, representatives of our office performed tests for concrete placed for curb & gutter. at times scheduled by the contractcr, to determine the slump, air content. and unit weight of the concrete. The concrete was and is being tested to determine physical properties and compressive strength. ln addition. nuclear density and laboratory testing was performed on the asphalt piaced to determine percent compaction. nraximum theoretical density, sieve analysis and oil content. Based on the test results. field observations. and to the best of our knowiedge. it is cur opinion that the materials tested for the tested componenls of the deceleration iane along County Road 1i4 associatecj witn the Pinyon N{esa Development were in ger:erai accordance with project plans rvith tire exception of concrete conrpressive strength restrlis whictr will be deternrined ai a iaiei"oa:e. Tire cbservations ano materials testing as rndrcaied aoove were perforrneci pei'iciically io p1ovide clata to the Owner ilc;iiractci' ancj Subcontractot"s to asstst tiieni irt evaiuating the general con:pi!ancs of llre tesieci rnaierials and/or work wlth the contract documents at the times cf 0ur oosL.i..iai:en and testing We dtd not supervise dirsii:t or ; i.ji1ii,li:r: .:, I i! j.:; i-..,'ii.';l;:'' i; ... " ... :,.. . ''i;-:i.;tli;ri<. .i-.'.::-lii3 t'i il(,X':l: I , .-'- i':':..:{ii:;:l;: ;::;,.., . ':' r'lr'.-ili'.:1il F:.i;ljii;liil'':: ' " i ... ,,...' - r'. ...:.'trij:-.i ; '''-. '' County Rcad 1i4 Deceieration Lane Pinyon lttlesa Development Glenwood Springs. Colorado have any control over the contracior's wcrk. we were nol i-esponsible for the Contractor's means, methods. procedures. techniques. or sequenes of construction, nor responsible for Contractor to carry out the work in accordance with the contract documents. This letter is only valid for filaterial and laboratory testing performed and completed for deceleration lane along County Road 114 associated with phase I of the Pinyon Mesa Development. lf you have any questions concerning this ieiler, piease contact our office Sincerely, Ground Engineering Gonsultants, Inc =-?8 r3 }=o =SriI =s'us6?i8 Ei;+i; E.ES -6--ESC r:...:. E::.FE+EH =IE:d'oS' = tB; f;iFr .!j(-r i..: Reviewed by Michaet K. Wariner p.EZachary C. St. Jean i:.'J !-'-;,i;, ,,! ,'.rob i.ao ij7-rj5i j G i'cu nri fr !-r rli ii,J t] i;:, il .... >t :ii tr itants, ji:c EXHIBIT A PINYON MESA, PHASE ONE SUBDIVISION I!'PROVEMENTS AGREEMENT ESNMATE OF COSTS =-o-:r o -li:l- 3 =;-r =H =:; g !-r =;I+5;q?oD-oE.xg -Gt0;ITg3E: .. =xb8#+st =iE:rr:!- = gB; E-etdo I I 10 11 't2 13 4 16 17 18 19 20 21 22 23 24 28 29 ltem #Unlt Description Quantity Unit Gost Amount Percent Complete Work Remalning 1 Lump Sum Mobilization 1 $8,000.00 $8.000.00 100 $0.00 2 Yard per Unit Road over excavation/recom Dact 37.250 $4.25 $1s8,312.s0 100 $0.00 3 Yard DirtWork -CuUfill 8,000 $3.85 $30,800.00 100 $0.00 $0.00 $o.oo 4 Yard per Unit Dirt Work -Controlled Fill pit run 11,400 $5.50 $62.700.00 100 5 Ton Class 6 Roadbase 2600 $22.s0 $58.500.00 100 6 Ton Asphalt Paving 1440 $78.00 s112,320.00 100 $0.00 7 Lump Sum Red Top Scarifv and Comoact 1 $8.500.00 $8,s00.00 100 $0.00 Square Feet Valleypans and Fillets 2000 $8.s0 $17.000.00 100 $0.00 Linear Feet Curb and Gutter 6500 $22.80 $1218,200.00 100 $0.00 $0.00 ._. ___-_ J0.00 $0.00 $0.00 $0.90 $0.00 Linear Feet ADS N-12 18"160 $37.75 $6,M0.00 100 Linear Feet ADS N.12 24"640 $52.2s $33,440.00 100 Linear Feet ADS N-12 36'1340 $6,4.50 $86,430.00 100 Linear Feet ADS N-12 48"280 $110.30 $30,884.00 100 Each 18'FES 2 $250.00 $500.00 100 Each 24'FES 2 $280.00 $s60.00 100 Each 48" Rip Rap Outlets 1 $1,800.00 $1,800.00 100 $0.00 $0.00EachType C lnlets with over-ex 3 $5,200.00 $15.600.00 100 Each Type t lnlets with over ex I $3,800.00 $34,200.00 100 $0.00 Each Storm Sewer lnleb 36'with over-ex 5 $7,000.00 $35.000.00 100 $0.00 Storm Sewer Inlets 48" with over-ex 3 $8,s00.00 $25.500.00 100 $0.00Linear Feet Sewer Pipe 8" PVC 3820 $34.00 $129,880.00 100 $0.00Linear Feet Sewer Pipe 8'C900 restrained joint 260 $4s.00 $11,700.00 100 $0.00EachSewer Service 65 $1,400.00 $91.000.00 100 $0.00EachSewer Manholes with 2'over-ex 27 $4,500.00 $121.500.00 100 _$o-gq $0.00 __.$0.00 $0.00 Linear Feet Water Main 8" DIP 3520 $42.00 $147,840.00 100 Each 8" Water Main Fittings 10 $300,00 $3,000.00 100 Each Valve Box 11 $22s.00 $2.475.00 100 Each Fire Hydrant Assembly 6 $3,600.00 $21,600.00 100 $o.oq $0.00Each8'Gate Valve 11 $1,100.00 $12.100.00 't00 Each Water Meter and Vault 1 $6.500.00 $6,s00.00 60 $2,600.00 31 Each PRV Vault 1 $50,000.00 $50,000.00 60 $20,000.00 32 Each Water Service 48 $1.000.00 $48,000.00 100 $0.00 33 Each Silt Fence 1200 $3.00 $3,600.00 100 34 Each Shallow Utility Joint Trench 14000 $6.50 $91,000.00 100 Page I I Each $0.00 so.o0 EXHIBIT A PINYON MESA, PHASE ONE SUBDIVISION IMPROVEMENTS AGREEMENT ESTIMATE OF COSTS oo Fzloo oJU rg(lo9o.<o LOoDO CO CEI(ootoo EGoco Poe;+19 Pss..E..N16o70 =NPs@qoN dN(?o\ar@c890 &E: : -a+Ilr =Haa-E E =+ E =-E.Tq =-E!{ -d --I ltem #Unlt Description Quantity Unit Cost Amount Percent Gomplete Work Remainlng 35 Square Feet 1.5' by 2' block retaining wall 640 $32.00 $20,480.00 75 $5,120.00 TOTAL HARD COSTS 01,634,961.50 $27,720.00 Holy Cross Energy - Paid $1 1 1,000.00 100 $0.00 Qwest - No Cost to Developer $0.00 Shallo,y Utility Trenching - Off site $63.500.00 0 $63,500.00 TOTAL UTILTTY COSTS $174,500.00 $63,500.00 Contract Ad ministration $25,980.00 95 $1,299.00 Enqineerino lnspection $10,000.00 95 $s00.00 Soils Compaction Testinq $25.355.00 100 $0.00 Construction Surveying $60,000.00 100 $0.00 TOTAL SOFT COSTS $121,335.00 $1,799.00 TOTAL PHASE ONE COSTS $1,930,796.50 $93,019.00 $9,301.90Contingency @10%$193,079.65rnl$2,123,876.15 $102,320.90 aa Page 2 P-O, r{o.Tcnm P,qFd ru70lr? Or.orb0on PT Anrunt L8ro Ercrtdoo .rl€rtF'E/l tervlocrSunnry 3/f iotdbrl. Aryhrfi trvtrg'IdfopRc.Aorprr 8otrrTcsd4 L0m.m a,amfi J.Om.00 a,ao0ll0 t,000.00 lJo0.00 1.0(xL4l 6io0o00 r.(xp.m Total ttt,600,m I l l Ht I'lfillfl ,! ]hltfi ,ll f Hl,H Hl+l f Hq:Iil,Lltl'll I ll I Receotion$: 734760 1ot?rdlmo7 @2:o7:40 PN Jean f,Iberico. 18 of 32 Rec Fee,$@.o@ Doc Fee:o.0o GnRFIELD CoUNTY C0 Bu3. 3O 2OO7 4r1{PH HP LBSERJET FBX Trulovc Exeavating LLC FOBox 667 Ncw Castlc, CO 81642 s?o-ssrr-2as6 q't6f'?'l 4. l lnvoice IOrbloYo unrmv,l, r5 BilTo PhmMcu JohEEIErrE tJl Clrbtrrrcllr Ncn'O3t|q,CI} tl6,1, QurnEy hakyou fbryurtnrln t I I I ! I z'd bz,?bq?Ent.t ?xnu-laluJnr llAq? 2 t , nn2 ne 2nr.r 1H,"H,#.*H,tllilH:i*,jH',:T.'TJtrt*r july 25 2007 Subject County Road 1'1,4 Deceleratron Lane Pavement Recomtnendations, Prnyon Mesa, Garfietd CountY. ColoraCo Job No. 07-6511 Mr. Erett Benzel Elk ftllesa Properties, LLC 217 Spirit Way New Caslle, Colorado 81647 Dear Mr. Benzel: Ground Engineering Consultants, lnc. (GROUND) has recentiy lreen requested to provide pavement section recommendations for the deceleration lane along County Road 114 at the entrance to the Pinyon ltlesa Developnrent HP Geotech (HP) completed two soil reports for the pro.fect titled Ptellnilnary Geotechnical Siudy, Proposed Residenlial Development, Elk Sprirrgs Rancii l-ow'er Benclt Area. Crsurzly Road 114, Garfield County, Colomdo. dated Novamber 11, 2005 and Supplemental Geotechnical Study, Proposed Residentiai Developrnent, EtR Sp;liigs Ranch Lower Bench Area, Couniy Rcsad 111, Gaiield County, Colarado. dated Aprii 10, 2006. ln the report dated Novenrber 11, 2005 HP states that an R-value of 15 was assumed fcr the native soil. The design ZA-year, equrvalent 18-kip single axle loadings (ESAL-,'s) were calculaied using traffic data provided by Schmuesei'Gorcicn l,.tleyer and CDOT ioading paranl,-'ters. 'Ihese data indicated an average total of 750 vehrcies per day ovei' t[te rjesign life cf the pavement for the subject deceieratiorr ianc, Of thess vehicles, 'i .0 perceni are estrnratec be conrbinarion (semi-trailer) trr-icKs 2.0 perce!'ri tc be singie-unit trucks and ihe rernalning ii7.00 percent tc be autcirooiles Eias*cl cr: tha,se data. an ESAL ri:sign valrie for flexibie paven'lents of ti'1 ,027 lvas iseC il iile design iSee Appendix Ai icr iire County Road 114 deceleratiori lane icrrthe anirance to Pinyoir h/esa Develcpllleni. ffiffiffintffif,B _ !:, i.j { r, ;-; l.: I.:: il I i.j r-r i'l i:.t rd, ;1 I, : :::l 1.., ir_: j itt_. ii;...- .-.,:#i."):::;. Lr)i;i:..'taa.-:i. . ',",;:, .'-i:" L1.., ,.,,.: - i.....t,;',' County Road 11.1 Deceleration Lane Pavement SeGtion Pinyon lilesa Gartield County, Colorado Job. No 07-6511 Page 2 ot 3 Illl H'r E[iul.tlFl1,ltfiHr,Hlil{lfHflrill lll'l ll ll I ig #id'?t}r{:,$8 gu,i:"P"EIB:66"3ARFIEL0 couNrY co GROUND is proviciing the followirig pavemeni section recommendatioirs base<j on {ile above information. The Owner and the Contracicr nrust assume the trsks asscciatect with paving on subgrade soiis wiih engineering properties as indicated in the HP Repsrts. Subgrade Preparation Resommendations: Shortly before placement of paver-nent. including any aggregate base course. the exposed subgrade soils should be scarified to a rjepth ol at least i2 inches, mixed to achieve a uniform moisture content, and then re-conrpacted. Due to lhe nature of the site Soils, some post-construction rnovements of the pavements should:be anticipated. A groater depth cf excauaticn and reprocessing may resutt in improved pavemetrt performance o'ler lts design hfe. Soils that classify as A-1 through A-5 (granular soilsi should be compacted to 95 or rnore percent of the maximum modified Proctsr ilry cJensity within 2 percent of the optinrum moisture content as determined by ASTh/ Di557 l AASHTO T-180. Soils that classify as A-5 ancl A-7 lcohesrve materials) shouid be comoacted to 95 or more percent oi the maximum standard Proctor density at moisture contents from 1 percent belour to 3 percent above cptimum moisture content as determined by ASTM D698 / AASHTO f- co The Contractor shor-rlcl be preparecl either lc dry the subgrade rnaterials or rnoisten them. as needed prior to compaction. Likerrvise. scme site soils likeiy v.rllt "punrp" or deflect.during conrpaction if rnoisture levels ai-e not carefuily controiietl, The Contractor should,be prepared to process ancl con'rpact such soils io estabiish a stable platfornl for pa'.,ing irrrmediateiy prior to paving. the subgracie sirortlci be procf rolled with a hea'.rily loaijecj. pneui..ratic tired vehicle. Areas thal shcw e xcessii.'e cleflection durinE proof roiiing shcuid be excavaied anrJ leplacecl ancilor siabiliz,e'J F.reas ailowed to pond prir;i'to i:avrn3 wiil require stgnrftcant re-r,vorking pric;r tc pror:f r-uliir:c County Road 114 Osceleration Lane Pavems-nt Sectian Pinyon Mesa Ga rfield County, ColcrdCo Job. l\io 07-6511 Page 3 of 3 ]l tlvL /tfitlT ! lhHt,ltilHill'lEH{fl +Htil ilt,t ] lll Reception$: 73476O lglOAl2@@7 92:@7:4@ PII Jean Alberrco 21 of 32 Rec Fee,$o-o@ Doc Fee 0.@0 GARFIELD GoUNTY C0 Pavement Section Recommendationsl Basecl on the caicLllations performecl. the follclving pavement sectiorrs may be used !,vhere a flexrble pavement Section is placeci for the cieclaration lane. Recommended Minimum Pavement Sections Location Full Depth Asphalt (inches Asphalt) Camposite Secfion (inches Asphalt / irtclt Aggregaie Base) oc CR 114 Deceleration Lane 4/8 Asphait paventent should consist oi a brturninous plant mix composed oi a mixlure of aggregate and bituminous material. Asphalt nrixiure(s) should meet ttle requirements of a job-nrix lormula established by a qualifierl engineer as well as applicable design requirements of Garfield QountY. This letter onty pertains to the pavement section for the project site as described herein and the previously mentioned reports prepared by HP Geotech shaii be referenceo ior all other geotechnical recommendations for the Pinyon Mesa Developnrent. We trust that this provided the additional information that you needed at this trme. if you have any questtons, please contact tris offrce. Slncerely, GROUND Engineering Consultants, lnc i,l',', i .-=-'li .r,'" Qevre*;ecl by i.iicrra+l 6 1ii1261s:'. i:r E:Zaciiary C Sl. ( 'iH,H#[tH,'tn#:]Xi,.'J"II#rrtrLt ttt I 11 11 I Appendix A Pavement Design Calculation 1993 An SI Il'O i'iti',-rtltent I)esigrr DARWin Pavement Design ancl Aualysis S,vstem A I'roPrietarf i\:\Sii l'0Ware Cornprtter Solrri'lire I)rocluct \ci\!ilrk .\.!l':iii r :iil'i:iil:' Flexible Structural I)csign Module Pinr ln iyls:ii', .lt:h l'ir:. ()?'5S I I (--'orrnt] Rorid 1 l.i []cr.:ilcrati,rtt l..iurc (. r:rlp'rsitt Stitir:;t Flexible Structural Design =-o{o =l , -3a9E*3-Eg =Hk36?tBEP. =;;EE;rEo *erE -trSBFd;;E::; HE;irL.-EN JdNO E$E; =eER iis-kip lis..'lls Over lnitial Perti:rnrirrtcc Pr:riud !nitirrl Scrriceitbi lity ' fcrm inal Scrv icc'abi I ir!, Relia-lility Levet t)veraii Slanclard Dcviirrion Rcadbed Soil Rcsilient lv{odulus Stage Consrructiort Clalculated De.si gn StruClural Nttntbci' tr I .(:.1-7{; ') -i liil ri; $.4;i +. !9-< psi 2.5U iri Specified Luyer Design lj$.cr ! l'otal Materiqlpegg1p1ia11 Asphatt A ggrcgate Lluse Llour:ir' ^Struct (lcct. (ili) u.-i [)raiir Ccti'. O:ljj :i Thiukr:ess tDi)(in) { It I:.00 \\iidrh Ll-i,l I . (lalcu !atct! $r-tuu 1.60 i) 1)(,' l. i r':, : rlr. I 993 AAS I l'1'0 Par',:ttrcttt l)c'siglt DARWin Pavement Desigrr and Analysis Systenr A I'roprietary A,rS i l'l()\Vnre Cornputer Soliri'arc' P l'tldttct itciir lrik .id;ii: :li',',t.,i,.ir F Ie.xible Structuriti Des igr: l\{r.rclule [':n; utt \i*sur Ji.rb lrt. 'rt',l-(;: I i (-'cruni.v- lkull I I .i D*rlu lt l'lit i Ltll l.,ant Fuli Dcptlr Flexible Struflural Design =-?8 =2fal=:1iEg =HLioo! 'iBs!: ==i =ETs'dE.rs -t16--bgB =PEiE#sc =iEIdtl' = ltBt -epfi l$-kip tiSAL.s Over lnitial Perfbrurarrcc Periot! i rr itill Serv'iueab i I it,v 'i'rrnrinrl Scn'icenbil i tv: Reiiability l,evel : Uvcrall Standard Dcrr.iat i crn iloadbrd Soii Rc.silie"nt i\{odulus Calculateil Desigrr Structtrr;rl Nunttrcr 61.6:7 ,!_5 :._5 tir) 1ir 0^,1.i i i(tS r:ci I ?..5{i iii Specified Laver Ilesign [ )rain r\[i-t Struci. Coct. (r\i.l 0.4 'f iriskncss tp.luu 6-{ 6, 5{.) lvi.!(h tlil I (.'*lutriaLcri S.\l-tll : (rt) l (di i,,rr'cr I -Ii;r.ai ,\'! a te r i a I J)-i-s"c.ru!!iq B i\sphrrli llfl f,lt ]lE lt!T,! [hhl, !t[!{r,ffi Hlf Hff lhl llt{ ll ll I Reception$: 134760iatodlzoat @2fi7:4@ PIl Jean Qlberico#' ;i' -3i-R";-i;; ; $6.bii oiE-Fee, o. oo GTRFIELo couNrY c0 Reference #: Amount: Date of Issue: Expiration Date: reductions and, if so BENEFICLARY: Board of County Commissioners of Garfield County ("Beneficiary" or *BOCC") loB 8th Street, Suite 213 Glenwood Springs, CO E1601 ACCOTINT PARTY/Applicant: PINYON MESA 253 SILVERLODE ASPEN, CO 8160I Establishment/Face We hereby at the of the Applicant/Account Party, Irrevocable Standby Letter 0260401 an amount not to exceed ONE HUNDRED TWO THOUSAND DOLLARS and NINETY Applicant/Account Party'sCENTS ($102,320. performance of with ApplicanUAccount Party and Beneficiary,titled IMPROVEMENTS AGREEMENT.BANK, at 3:00 p.m. Mountain Standard letter IRREVOCABLE STANDBY LETTER OF CREDIT 0260401833 $102,320.90 SEPTEMBER 19,2007 APRIL 15,2OO9 purpose to at of of The BOCC may [may not] authorize periodic Credit llf Bank requires Reduction Certificates: of the Letter of Credit shall be evidenced by a separate and executed by the BOCC or the BOCC's authorized representative]. Conditionsfor Beneficiary Drafts submitted by Beneficiary must be accompanied by the following documents: l. Beneficiary's signed statement executed by the Chairman of the BOCC or the BOCC's authorized designee stating: PINYON MESA DEVELOPMENT, INC., developer of Subdivision [P.U.D.] is in default of its obligations set forth in that certain SuMivision Improvements Agreement between PINYON MESA DEVELOPMENT and the BOCC, dated and recorded as Reception Number in Book atPage of the Real Estate Records of the Office of the Garfield County Clerk and Recorder. Form LOC.doc R.2. 07 the Releases draws face EXHIB!T I BPage 1 of 2 , lll I lh ?lEhl1,! lh!tl][t[H ililS !ilf ltHllrt lll'rl Il ll IRcceptlonfr: 73476,0 1gl@Sl2O@7 @2t@7:4@ Pl, Jcan Alberico?6 ol 32 Rec Fee:g@.OO Doc Fee:@.@0 GARFIELD C0UNTY C0 2. The original Letter of Credit, endorsed on the reverse side with the words: "Drawn by the Board of Courty Commissioners of Garfield County, Colorado in the amount requested per draw," manually signed by the Chairman or the BOCC's authorized rePresentative. Cancellarion This Letter of Credit and amendments, if any, must be retumed to us for cancellation by Applicant/Account party with a statement signed by the Beneficiary stating: "This [.etter of to the issuing bank forlonger required by the BOCC and is herebyCredit is no cancellation." Issuer's Undertaking We hereby agree to honor each draft this Letter of Credit if presented, together BANK, 600 EAST HOPKINS AVENUE, date of expiration identified above. This Practices for Documentary Credit ( Publication Number 500 and the Uniform amended. ALPIM BANK By Name Title THIS IS A A}.ID Explratton Date, TO SPECIFY REDUCNON LETTERS OF CREDIT ARE HELD TO PARTI,AL OR FULL RELEASE, PLAN/Forms/Form IOC Forrn LOC.doc R.2.07 with the terms of specified, to ALPINE 001,on or before the ts subject to the lnternational Customs and of Commerce at C.R.S.,-l0L et seq., as FORMATS A}.ID DIFFERENT TERMS TO IDENTIFY ISSTJER' APPUCA}'TT MATTERS IDENTIFIED ABOVE: Establislrnunt" Foce Amount, Purpase, Paynent to Bercliciary,Caaccllation, Issuer's tldenahrrS Af'{D OF THE LEfiER OF CREDIT, IF ALI-OWED, REQUIRE THE USE OF OF THE GARFIELD COTJNTY TREASTJRER. ADDRESS QI.JESTIONS REIATED TO THE BI,JILDINC AND PLANNING DEPARTMENT. YOI,JR Parttal NOT Page 2 of 2 Iilt ]il[ ]Ifi hlri,l ]hllrl, hl'iHt'l + lE Hll{lilIf llill lfl 't r ll I Receotlonfl i 734760 [{ * 32d1"2';33;38 BE oi3'P.!lBl56"3nr*euo couNry co Reference #: Amount: Date of Issue: Expiration Date: IRREVOCABLE STANDBY LETTER OF CREDIT 0260401133 $32,500.00 SEPTEMBER I9,2OO7 DECEMBER 1I,2OO9 BENEFICIARY: Board of County Commissioners of Garflreld County ("Beneficiary" or ..BOCC") 108 8d'Sreet, Suite 213 Glenwood Springs, CO 81601 ACCOLINT PARTY/Applicant: PINYON MESA , 253 SILVERLODE ASPEN, CO 81601 Estoblishment/Face We hereby Ilrevocable Sandby Letter of THOUSAND FTVE HI.JNDRED this letter is to secure ageement between SI.IBDTVISION BANK, at 3:00 transferable. reductions and, if so al the of 1133 in ZERO onD of the ApplicanUAccount Party, not to exce€d THIRTY TWO The purpose of of and compliance with the and titled of Credit expires at ALPINE 31,2009. This letter is not of separate and executed by the BOCC or the BOCC's authorized representative]. Conditions for BeneJiciary Drafts submitted by Beneficiary must be accompanied by the following documents: l. Beneficiary's signed statement executed by the Chairman of the BOCC or the BOCC's authorized designee stating: PINYON MESA DEVELOPMENT, [NC., developer of Subdivision [P.U.D.] is in default of its obligations set forth in that certain SuMivision Improvements Agreement between PINYON MESA DEVELOPMENT and the BOCC, dated and recorded as Reception Number in Book at Page ofthe Real Estate Records of the Office of the Garfield Page I of 2 Form LQC.doc R.2.07 The BOCC may [may not] authorize periodic Credit llf Bank requires Reduction Certifrcates: of the Letter of Credit shall be evideuced by athe Releases draws face il c Itll ffi lt [:hll,! ]hHI l':!tt ] |'ltlll#{ ld!: l{ilfl d ll ll I Receotlonfl: 134760 i!''"{ Udl"g' i3l, 38 BB oi3"F"! 18:65'3o*., r.0 couNry co 2 The original Letter of Credit, endorsed on the reverse side with the words: "Drawn by the Board of County Commissioners of Garfield County, Colorado in the amount requested per draw," manually signed by the Chairman or the BOCC's authorized representative. Cancellaion This Letter of Credit and amendments, if any, ApplicanUAccount party with a statement signed by Credit is no longer required by the BOCC and is cancellation." lsszerb Undertaking We hereby agree to honor each draft this Letter of Credit if presented, together BANK, 600 EAST HOPKINS AVENUE, date of expiration identified above. This 001, Practices for Documentary Credit ( Publication Number 500 and the Uniform amended. ALPTNE BA}.IK Name Title THIS IS A A}.ID BENEFICI"AR Wirotion DaE, TO SPECIFY REDUCTION LETTERS OF CREDITARE HELD TO PARTTAL OR R]LL RELEASE, PlANtrorms/Form LoC Form LOC.doc R.2.0? ls at C.R.S.,-l0t et seq., as A}.ID DIFFERENT TERMS TO IDENTIFY ISSUER, APPLICANT MATTERS IDENTTFIED ABOVE: Establtshrrren!, Face lmoani Pupaa must be returned the Beneficiary hereby to us for cancellation bY stating: "This Letter of to the issuing bank for with the terms of specified, to ALPINE on or before the Customs and of Commerce subject to the International By lot Payrcn lo NSI,EASCS OF THE LETTER OF OF T}M GARFIELD COI,JNTY TREASURER. ADDRESS QUESTIONS REI.,ATED TO THE BI.JILDING AND PI,{I{NING DEPARTMENT Betuliciary, Cancellalion, Issaer's Underukng Al'lD CREDIT, IF ALLOWED, REQUIRE THE USE OF YOUR Portial NOT Page 2 of 2 llllH,lH[,ItfllllFr'hfiHll+rtlflfl+llllhltl{{lllll !g.,.3??ii'ti.E;{: * [r o*"F.!lf 6i"3ARF I ELD couNTY co EXHIBIT D GARFIELD CoUNTY BoARD oF cotINTY CoMMISSIoI\IER'S AI]THORIZATION PARTIAL RELEASE OF LETTER OF CREDIT/REDUCTION CERTIFICATE I{UMBER PINION MESA FILING I SUBDIVISION USD The undersigned, Chairman of the Board of County Commissioners of Garfield County, Colorado, in conformance with paragraph 3(d) of the Subdivision Improvement Agreement ("SIA") between the BOCC and Pinyon Mesa Development, Inc', aJknowtedgei tttut the improvements required by the SIA and the BOCC have been certified as partially "ot rplete by the project engineer and, therefore, the arnount of the above referenced letter ofcredit shall be reduced by: USD $ , to a new total not exceeding ATTEST: BOARD OF COUNTY COMMISSIONERS OF GARFIELD COUNTY, COLORADO By: John Martin, Chairman Date: Clerk to the Board ii*H#,'fltH#:?'lI""HlYJYl]jl':.''u' EXHIBIT E ACKNOWLEDGMENT OF FINAL SATISFACTION SUBDTVI$ON IMPROVEMENTS AGREEMENT WHEREAS, Pinyon Mesa DeveloPment Inc. entered into a SuMivision Improvement Agreement (*SIA") with the Board of County Commissioners of Garfield County, Colorado ("BOCC") dated recorded as Reception Number in Book at Page of the Real Estate Records of the Garfield County Cterk and Recorder; and WHEREAS, Pinyon Mesa Development,Inc.has presented a certification of final completion certiSing that Pinyon Mesa Development,Inc. has completed all subdivision improvemerrts associated with the Pinyon Mesa Filing 1 Subdivision, having an actual cost of construction of and NOW THEREFORE, at the request of Pinyon Mesa Development, Inc. and in consideration of the premises and prior agreements in the SIA, the BOCC herebY acknowledges full satisfaction of the security requirements of the SIA and authorizes final release of security from the above identified Alpine Bank letter of credit in the amount of $resulting in a remaining balance of the original letter of credit in the amount of $ -0- . The BOCC authorizes the Chairman to sign Final Reduction Certificate Number - for the Pinyon Mesa Filing I Subdivision, a copy of which is attached hereto as Exhibit *A".The BOCC firrther authorizes the Chairman to deliver the original Final Reduction Certificate Number to Alpine Bank' BOARD OF COIJNTY COMMISSIONERS ATTEST: OF GARFIELD COI'JNTY, COLORADO By: Clerk to the Board John Martin Chairman Date: ril H,t llllhl{,! th[lf,!tl:Hl,l+H l{f lLillilll il' ll{'l I I ll I i',"'"s"J:9?i'ail,gfl u'::'F.318:66"SARFIELDcouNrYco EXIIIBIT F PINYON MESA FILING T SUBDIVISION IMPROVEMENTS AGREEMENT NOTICE REGARDING BTJILDING PERMITS AND CERTIFICATES OF OCCUPANCY TO: ALL PURCHASERS OF HOME SITES WITHIN PII{YON MESA FILING 1 yOU ARE HEREBY NOTIFIED under applicable Garfield County regulations, you may not commence construction of a residence within unincorporated Garfield 'County,'including within the Pinyon Mesa Filing 1 SuMivision, prior to issuance of a building permit by Garfield County. Under the terms of the Subdivision Improvements egfeement between Garfield County and Pinyon Nils54 Development, Inc', Carfield cJunty will not issue building permits for property in Pinyon Mesa Filing 1, until: l. The Owner/Developer has demonstrated to the satisfaction of the Carbondale Rural Fire Protection District that adequate water is available to the construction site for the Fire District's purposes' 2. A site-specific geo-technical study, completed by a registered Geo- ' Technical Engineer, has been presented to the Building and Planning Department for review, iong with a registered design professional's certification that the structure design is based on the site-specific study' 3. The remaining 50% of the Garfield county Road Impact Fee is paid by the party seeking the building permit. Note: the owuer/developer paid 50% of such fee as part ofthe subdivision approval process' Additionally, Garfield County will not issue Certifrcates of Occupancy for any structures within pinyon Mesa Filing I until all of the subdivision improvements have been completed and are operational in accordance with the Subdivision Improvements Agreement between Carfieid County and Pinyon Mesa Development, Inc. and r:ntil radon gas testing has beerr comPleted' OWNER/SUBDTVIDER: PINYON MESA DEVELOPMENT INC. By: John C. Elmore, President Il ll th tl[:h!li,! ]htHr f,ltfi !fl f 'Hfi !l{l?l t|l: lIil ltl' I I ll I Recrotionil: 734760 [ii'N Zldl..?'i2l ; i3 BE ri:'P'3 I 3:56'30*r r euo couNry co The foregoing Notice was read and understood by home site wittrin einyon Mesa Filing 1, this day of 200_ the undersigned Purchaser of a PURCHASER: Crypa/Print Name) (Type/PAnt Address ) IIll llFr l1lrltlli rlllll f i H,[ IiltHtl'i$:H't ltfl'lll{ ] ll IRccepticn*: 7662OG @4l14l2OOg @l r 14: t7 PM Jean Alberico1 ol I Rso Fee:$@.O@ Doc Faa:@.00 G0RFIELD C0UNTY C0 ACINOWLEDGEMENT OF SATISFACTION INFRASTRUCTURE IMPROVEMENTS REQUIRED THROUGH SUBDIVISION IMPROVEMENTS AGREEMENT KNOW ALL MEN BY THESE PRESENT that: WHEREAS, Pinyon Mesa Development, Inc. (hereinafter "Owner"), entered into a Su6ivision Improvements Agreement with the Board of County Commissioners of Garfield CouU, Colorado (hereinafter "Boardi), ReceptionNo.73476A ofthe Garfield Countyrecords onOctober 8. 2007,for the improvements of Pinyon Mesa Phase 1 Subdivision; and WHEREAS, an irrevocable Letter of Credit was delivered to the County in the amount of $102,320.90 in order to secure the suHivision improvements to be constructed by the Owner as required in the SIA; and WHEREAS, the obligations of the Owner have been satisfied, as verified in a letter from Dean Gordon, P.E. of Schmueser Gordon Meyer Engineers and Sr:rveyors, dated September 29,2008 that work has been completed consistent with improvements described in the Subdivision Improvements Agreement. NOW THEREFORE, at the request of the Owner and in consideration of the premises and prior agreements, the Board herebY acknowledges this satisfaction ofthe Subdivision lmprovements Agreement entered into by the Oumer the Board for the release of security in the amount of $102,320.90 for work completed Improvements Agreement. th improvements STATE OF COLORADO COUNTY OF GARFIELD ) a"tr foregoing instrument was acknowledged before me this 2009, by John Martin, as Chairman of the Board Ge;td C"r"t),, Colorado. WITNESS my hand and official seal. ) )ss in the Subdivision of of County Commissioners of I?/** Mv commission expires l-€rwt Garfield County Clerk f Finyon Mesa Develepmentr Ea( To: SGM Attn: Debbie Durey Froml Brett Benzel Pages: 1 Fax: 945-5948 Date: 1C/07/08 Re! Pinyon Mesa Conformance cc: tr Urgent E For Review E Please Comment E Please Reply E Please Recycle To whonr it may concenl, As the Project Manager for Pinyon Mesa Development LLC, I conlirm that based on my observations and to the best of nry knowledge, the improvements in phase I have been constructed in accordance with the project plans and specifications. Sincerely, Project Manager' Pinyon Mesa LLC PTNYoN Mrsa DTvELoPMENT LLC 2lTSprlrlrWAy I NEw'C.AsrLE,Cor-oRADo81647 1|970.984.3841 | FAX970.984*i837 rvn'n,,la kotacanyorrranclr.corl l Lrtrenzel@lakotacar'ryonranch.cotn Pinyon Mesa Development fu( TO: SGM Attn: Debbie Duley Frpm: Brett Benzel Pages: 1 Fax 945-5948 Date: 6nZ07 Re: Pinyon Mesa Conformance cc: E Urgent E For Review E Please Gomment E Please Reply [J Please Recycle To whom it may concern, As the Project Manager for Pinyon Mesa Development LLC, I confirm that based on my observations and to the best of my knowledge, the improvements (to date) have been constructed in accordance with the project plans and specifications. Sincerely, Brett Benzel Project Manager Pinyon Mesa LLC PTNYoN Mrsa DTvELoPMENT LLC 217sprRrr Wrv I NEw CAsrLE, CoLoRADOS't647 | 97O.9f31.3841 | L: AX970.98/..3837 r,r,w w.lakotacanyonranclt.com l lrbenzel@lakotacanyonranch.com Si,i::,,:C: ;jl,jS CilO:i.;i--i:,:CAi Slr';.:t'S ,:tril ,#l.ti{;r':A;S : ?'::: ,:U i-1 '-vr)"' fvlr:S;,i l)C.j,.:i.()nrrCitI Ga* C,, .-j.,,,'''..i)::)'Aa:c Job Nuntber: C7-S5i 1 Pinyor: Mcsu Develo,rtnte nt. l-1.-C ,fi.i';,-r 1j 111ii i:JC rrjC ,i 1 ,' Sloi: 11 We y l-il,,v Casiie ilcior nri* ?'ii{"i Arlr I'If []reii [ir:n;e ;i: s r91!-t, S;i',11':jri;tr?.s :i1fl ''t:ij!:Cri?1s :it;:;t':q Cilt;l.il(:i i tt;.lii;+r';-p i:).?'iSi,i:i:fi:s; li.:c tGiiOjliiil rGS 'Jer-iO'r:lCa: CiL..,:.,C ii.,Jr' 2rC8 :rJris:r'ija:lief i;i .r1f. i) r':yi:,' I,.4t::;a l-)i:;ve;crJiilerti rlr Calir*i(j Coijflii/ Celoracj* ir:e gei::cci:11,cit: i:CrvrCCs a*a rr:a:e:rrr1.: 1.f,$i:Ii wtif) D*'f$irlii.;fj r,,i :ii:.:,;l5 -'i{-)::i:.i),., t;.., i:.y ::-,: lO:';1 ,.;l;ill' il,..i,':,) 'l}r'-';'i.'i::i (.1i: :r.l rit,::.:'.i"" '' j i)*'Cf :-i il.l::'C:1;: +.- A.C ': Ii i:tr '-:ai:'^,'i: '..1)',:1j'': ;:',.1S(::) ';:' i'l- it.:li iusirits 1:'ltc r;l-.stl'v;ti:i:l':i ;::-,4 i; ::rt.! iiis: ci,;:;..,';;ri..r';vli:{qt} :i s o.i'iti)ir'()^, l1,Ji l''l: i, ri"S ,l ''i: Si;.:i 1 3;l: '.:l:$ :"I C::tii:)u'i:i;'s a"li 'rr3lli.i.i:E ',i)3tl ,'; i.is ''{! .:a'{ I :t':l'v.: \'yt-,'(. ;:',j-it",:-, iir:1 i:.,.1i cr-) l.i r; r';ir63 i;:iy :$iri!'u avE. iilil i.lc;:li'lt:,::l-r" s .,iii-11^i'. wl wcliil i:r.;i r"\^^-,qri;,':: 'l;' :l'i: (lOr:i.;,tOlOr. S 'y:{)i:It\S. r.."eiittiS. i}.OCeCi.rCS liJ:f.rr;q.,frS ilt S(;,ei.jrli1;l-,S ij' ._u-'*ii: r.,j'. (j': i'{}r '.tgi1i;:'5 il i-. iO' LIO'':l-li::l:l ii; {:e"/ :-'.,: :"o wi:,. ,r il',i:C'Ljii"LJ r.r.r'1 1 ,',:, ;Cl:'i:C: Otarx-:Cr-)is ":7,1,s i$i:oi iri 0f y Vilt:o 'ioi nrei'iulr;a: ar:lr lar:Ole:fry ii+si ''.: *cr''l:'il]C;:i ar:i c:ci,.rpieiei-- {ol Pi.:ase i oi the Pirycr '\r]esu DeveicprY:erl it ycl; :':ave ar''?, c!{}slic:$ *o.rccr'i"i i:r'lIris iel?nr i:ir-:.;:si: f(}i1:ilij: c,,. i}ii ('(i {ir,'::l'i: !r Ground I: ng iirocrr r: q Cr)tr$r.lltarlls. i 11c i'._).. "..' i.r,,. "'j :lt"ji.fii iil l.irill, I- iYr':i'.*' i) i _ ___$rffifirrsffim FtlI5Ii!eHSItitrr f fiN::i !Jr i;::ir.",i r:i If"1 ( i)#ir:lt L+ealrr:rt:;: Engi*:woori . (;:; lir*ir:ar ;]r17 " t-q'v1 ,;1;i j ' :li;r "'j ,lrit:8 1l), ?Aff7 lirtblttcl: {l*oie,":hnic:l;rl 5+rvrr:qr:. fitr(l lVlater:a!* TeS:irr,l: r:;i:-,!.,,lti i';leS;l iiev*:lcp rri+l'ri, C;rrj'i,; iri C'-,u r:l v, C.r i1;: t i?ri(i Job trlulnher: 07-55i1 Pinyon Hlesa Develo;nnent, LLC Atin: Srett Benzel 217 Splrit Way New Castie, Coloradc 8i647 Attn: I'llr. Ereit Benzei j-his letter sL:itlrliarize$ the *laterials Iersting {lt rrLrncl Engineertrg CcnsLtllants,, inc' iGl?OUND) has 1:eifonlled dui'ing tlr,*r ;-:rt;sent c0nstilrctiorl ftf r"l'r(:r Pii'tYoli l\4ei;lr Developnrent in Garfielc, CCIunty, Aohiacta. l-ho g*oiechilr*al s+n*rr-r,i, or-:i ill3ti.il'ini'i testinq arr: being perf'rrnrr:d i,r[ tirrles sciredtrlcrJ i:y !ht, t;ontractor Vrlti trtiderstllnd utilir;y pipel installation and cr-rnstrucilon obsurv;rtior*, r;ra L,eirig J:r-'rfi'.rrtnurl i)-V iilfifrl's Durrng construction, nr;clear moistltre r'lensity tesirng lvas perlodii:iilly pc{orn:Bd t-:n tlts.' gtility trenclr backfili a,1d pavement arrd cur'tl & glrtter subgltaile lr: deterrnine t)*rcenl coml-.actiort and irl-place nroisture cotltelll. ln adciition. represerrtstives of our office perf*rrtr:.rJ ie:ii$ {c,r conr;r+t# iliiilced [or curn $ gutier, at iitrres scheculed by the tontractoi' to ceierniir"ie ti:e slunr6''' iiir" {:onit}fil' and r"rnit weighl of ihe cotrcre,'te. l"he concrete !4"'a$ ariili io briirrg trl)$te{i lo {t:teilttinr': pirysical prr:perties and compressive strength. Basecl on ilre test results. field otrsenuations. and l: the i:est nf c:ul"ittiowleclge, il i:; our opiriiorr tl"rat tfie nraterials tested for lhe utiiity trenclr Lri*ckfill, prrvomeflt and $urb & gutter subgrade, and concrete wera in generai accsrdance '4,iih proj*ct p{i:tts finti specificatiorrs as o{ .lune 6. 2CU7 r,vith the oxceptir:tr Of cr)ttfrtti,r cd.rtllljr'ostiive i;trtrrrglli resuit-{ wlricl-: r+,ill i:e detenrirred at u later dafe. fhe oi:servations anoJ rnaterials testing ais intlir:sted abave uvere i:erfi:;"nt*il petioiically t0 provicle cjata tc the Cv,rnel, Ccntri-r:tar iind lit.rticorrtrsctols to asrisl tlrem iri evaluatirrg the gerrerol cornpliance ci tl-te teslecl nrateriais ztrid/or u.,ork v.litlr li:e ccrttracl documants at tlrc times of our o[:eervation and iestrng, We Citi ri*t $i,J]rervi$e, direci ol" have any control over the Controctor's lvr:rk. We vrere not resporlsii:le f,.r; the Ccntractor's means, methnds, proceditres, tecllniclues, or s*cll,an.:cs of ccnsirui:licn, ricj- responsibte for Con'iractor to carry out the v.,ork in accordance vvith the cc;i'rti-eui ffiW.,'W-ffiB'*ffiffi ffi i:i *"J$tl.JL: i:r F:i tl.l L; {: i:)!'", r1}:*: i f i:i'ii::i tirr: i.)lr'1,,i, i.it::'.::lr:i'?) l:ttill:rr'{ ){:i ' ..1.::l ii, r i'r I rr'y1i,::1;,;- ,1ifi yori M(j$a ll,{ivelo f}r h' oilt JUtle 8, ?00? 6lunwoori Sprirrgs, Cnlorarlo (1ccr ilr1cnts. iiris ietter is orrty valirl fer"rnateri;I! ancJ lab,:lratcri, 1e,;;i,rir-l i,crlornrrei.a ?-lnri uL)rrrilleted frotir l\irarclt 2ti tc Juni-,, 8, 2rJ,,l7 It,vcr.: lrilve aii'v rli.estions cr:ncerilin,; tiris i,,:lil;r', plnasi; cr:ntact r.rr..ir oi:'rr;ri .Sincrrely, Ground Engineering tonsultants, Inc ' ii'l ; :l l a, I iir;ii '-J - , :.\, !- J \/ l<evtelv*,J i:y lvlicharll i",. Vranne' tr'' F. t st .ich tJo 07.C5 11 13rotlnr! Engirreering Corrsultantr:. lnc.[];,r5t, li ,irf li Schmueser Gordon Meyer Engineers & Surveyors 118 West 66 Street, Suite 200 Glenwood Springs, CO 81601 October 7 ,2008 RE: Pinion Mesa Job#1502F Trulove Excavating LLC has built Pinion Mesa under the plans and specifications designed by Schmueser Gordon Meyer Engineers and Surveyors with the job name, Pinion yes it means Mesa, Job Number I 502F; plans revise d 212812007 . The owner for the above named job has supplied construction observation for the installation of utilities. Grotrnd Engineering Consultants,Inc has been hired by the owner to provide soil analysis and daily compaction reports. Trulove Excavating has substantial completion of this job as of April 1, 2008. Sincerely, 9y eilrue Ty Trulove Manager Trulove Excavating,LLC 817 Colorado Ave. Suite 202. Clenwood Springs, CO 81601 . (970)928-0485 . Fax (970)384-2306 Schmueser Gordon Meyer Engineers & Suneyors I l8 West 6th Street Suite 200 Glenwood Springs, CO 81601 }une27,2007 Dean Gordon RE: Job Pinyon Mesa Job # 1502F Trulove Excavating, LLC has built Pinyon Mesa under the plans and specifications desigaed by Schmueser Gordon Meyer Engineers & Surveyors rvith the job name, Pinyon Mesa job number, 1502F plans revised2l28l07. The ouner for the above named job has supplied construction observation for the installation of utilities. Ground Engineering Consultants. lnc has been hired by the owner to provide soil analysis and daily compaction reports. Sincerely Ty Trulove Manager Trulove Excavating, LLC Trulove Excavating, LLC PO Box 667 Ne!i, Castle, CO 81Ul 970.984.2295 ofiice 970.984.7296 lax Bu.r, or S,un aNn WaRRANTY KNOW ALL PEOPLE BY THESE PRESENTS that PIuyon Mnsn Dnyrloplrnxr,Ixc. (hereinafter "Developer"), for the sum of Ten Dollars,($ I 0.00) together with other good and valuable consideration paid, the receipt of which is hereby acknowledged, does dedicate, convey and transfer to the SrRrnc Vlllnv Slxrtnuox Dlsrntct, P. O. Box 3796, Basalt" Colorado 81621, the following described chdttels, namely: Those public utility improvements shown on the "As Built Utility Plans" prepared by Bookcliff Suruey Services, Inc., dated September 8, 2008, for Pinyon Mesa Subdivision, Phase I, which Plans are on record in the oflice of Spring Valley Sanitation District, including those sewer main lines and manholes shown thereon, Developer covenants and warrarts that it is the lawful owner ofthe chattels described above ; that they are free from all encumbrances; that it has the right to convey these chattels; that it will defend these chattels against the lawfi:l claims and demands of all persons; and that the public improvements shall be free of any defects in materials or workmanship for a period of one (l) year from the date hereof. Dated,rri"ffla"y "r Od"tlrr , 2009 A , [NC. By A. Elmore II, President STATE OF COLORADO COLINTY OF ) ) ) ss. Theforegoinginstumentwasacknowledgedbeforem ertus Z$auy of Mpy', 2008, by John A. Elmore II as President of Pinyon Mesa Development, Inc. Witness my hand and oflicial seal. My commission cxpires -a4-aor C t* G:\Cticnt\Elmorc\Pinyon Mcsa Dcvclopmcnt\Bill of Selc fom Jmes Ncu w Rcvisionr l0270t,u,pd Pl*;r/ PINYON MESA Phase I Sewer Costs UNIT DESCR!PTION QUANTITY RATE ITEM TOTAL Linealft.8" PVC Sewer Pipe 3820 34.00 $129,880.00 Linealft.8" C900 Restraint Joint Pipe 260 45.00 $11,700.00 Each Sewer Service 65 1,400.00 $91,000.00 Each Sewer Manholes 27 4,500.00 $121,500.00 Lump Sum Change Order for Rock Blasting 1 23,496.40 $23,496.40 TOTAL:$377,576.40 EXHIBIT A PINYON MESA, PHASE ONE SUBDIVISION IMPROVEMENTS AGREEMENT ESTIMATE OF COSTS Item #Unit Description Quantity Unit Gost Amount Percent Complete Worl( Remaining 1 Lump Sum Mobilization 1 $8,000.00 s8.000.00 100 $0.00 2 Yard per Unit Road over excavation/recompact 37,250 $4.25 $158,312.50 100 $0.00 3 Yard Dirt Work -CuUfill 8.000 $3.85 $30,800.00 100 $0.00 4 Yard per Unit Dirt Work -Controlled Fill pit run 11,400 $s.50 $62,700.00 100 ---_ $o-oo $0.005TonClass 6 Roadbase 2600 $22.5O $58,500.00 100 6 Ton Asphalt Paving 1440 $78.00 $112,320.00 100 $0.00 7 Lump Sum Red Top Scarify and Compact 1 $8.500.00 $8,s00.00 100 $0.00 I Square Feet Valleypans and Fillets 2000 $8.50 $17,000.00 100 $0.00 !9,qq $0.00 I Linear Feet Curb and Gutter 6500 $22.80 $148,200.00 100 10 Linear Feet ADS N-12 18"160 $37.75 $6,040.00 100 11 Linear Feet ADS N-12 24"640 $52.25 $33.440.00 100 $0.00 12 Linear Feet ADS N-12 36"1340 $44.50 $86,430.00 100 $0.00 13 Linear Feet ADS N-12 48"280 $110.30 $30,884.00 100 $0.00 14 Each 18'' FES 2 $250.00 $500.00 100 $0.00 $0.0015Each24" FES 2 $280.00 $560.00 100 16 Each 48" Rip Rap Outlets 1 $1,800.00 $1,800.00 100 $0.00 $0.0017EachTvpe C lnlets with over-ex 3 $5,200.00 $15,600.00 100 18 Each Tvpe 1 lnlets with over ex I $3,800.00 $34.200.00 100 $0.00 19 Each Storm Sewer lnlets 36" with over-ex 5 $7,000.00 $35,000.00 100 ____q_Q.00 $0.0020EachStorm Sewer lnlets 48" with over-ex 3 $8,500.00 $25.500.00 100 21 Linear Feet Sewer Pipe 8" PVC 3820 $34.00 $129.880.00 100 $0.00 22 Linear Feet Sewer Pipe 8" C900 restrained joint 260 $45.00 $11,700.00 100 $0.00 23 Each Sewer Service 65 $1.400.00 $91,000.00 100 $0.00 $0.0024EachSewer Manholes with 2' over-ex 27 $4,500.00 $121,500.00 100 25 Linear Feet Water Main 8" DlP 3520 $42.00 $147,840.00 100 $0,00 26 Each 8" Water Main Fittinqs 10 $300.00 $3,000.00 100 $0.00 27 Each Valve Box 11 $225.00 $2.475.00 100 $0.00 $0.0028EachFire Hydrant Assembly 6 $3,600.00 $21,600.00 100 29 Each 8" Gate Valve 11 $1,100.00 $12.100.00 100 $0.00 30 Each Water Meter and Vault 1 s6.500.00 $6,500.00 100 $0.00 31 Each PRVVauh 1 $50,000.00 $50,000.00 100 32 Each Water Service 48 $1,000.00 s48.000.00 100 33 Each Silt Fence 1200 $3.00 $3,600.00 100 $0.00uEachShallour Utilitv Joint Trench 14000 $6.s0 $91,000.00 100 $0.00 Page 1 EXHIBIT A PINYON MESA, PHASE ONE SU BDIVISION IMPROVEMENTS AGREEMENT ESTIMATE OF COSTS Item #Unit Description Quantity Unit Gost Amount Percent tYork RemainingGomplete 35 Square Feet 1.5' by 2' block retaining wall 640 $32.00 $20,480.00 100 $0.00 TOTAL HARD COSTS $1,634,961.50 1 $0.00 .00 1 $0.00 I--*- r .Hqty Cross Energy -Paid Qwest - No Cost to Shallow Utility site $111,000.00, $63,500.00 TOTAL UTILITY COSTS $174,500.00 $0.00 $0.00Contract Administration $25,980.00 100 Engineering lnspection $10.000.00 100 $0.00 q9.00 $0.00 Soils Compaction Testing $2s.355.00 100 Construction Surveying $60,000.00 100 TOTAL SOFT COSTS $12{,335.00 $0.00 TOTAL PHASE ONE COSTS Contingency @10olo $193,079.65 $0.00 $0.00 TOTAL 15 $o.oo Page2 SCHMUESER GORDON MEYER arl!:N!!')() ) 'j rR NG5 I t8 w. 6TH, surTE 200 GLENWOOD SPRINGS, CO 8 I 60 I 970-945- I OO4 FX; 970-945-5948 A5PE ! P,O. BOX 2155 ASPEN,CO8l6l2 970-9?5-6727 Fxt 970-925-4 157 !]RES]E:I] BUII' P.O. BOX 30e8 CRESTED tsUTE. CO 8I ?24 970-349-5355 rx: 970-349-5358 ENGINEERS SURVEYORS September 07,2007 Craig Richardson, Senior Planner Garfield County Planning Department 108 8th Street Suite 400 Glenwood Springs, CO 81601 RE: Pinvon Mesa Phase I lnfrastructure Dear Craig Schmueser Gordon Meyer is the Engineer of Record for Pinyon Mesa Phase l. Plans and specifications for the infrastructure work have been prepared under my direction. During the construction of the infrastructure for Phase l, SGM provided periodic site inspections and general construction over site for the work. Attached hereto are statements from the Owner's Representative, the geotechnical testing firm and the contractor involved in the project. Based on our periodic field observations and the representations made by the respective parties involved in the construction, to the best of our knowledge, the infrastructure completed to date has been completed in conformance with the contract documents prepared by our office. A summary of the constructions costs for Phase I indicating those facilities which have been installed and those facilities which remain to be completed as of the date of this letter. Also attached is a copy of an invoice from Trulove Excavating LLC for work related to the construction of the right turn deceleration lane on County Road 114 at the intersection with Pinyon Mesa Drive. The improvements consisted of scarifying and re-compaction of the existing surface, placement of Class 6 Aggregate Base Coarse and asphalt pavement. As per agreement with Garfield County, the cost of these improvements is to be subtracted from the amount of road impact fees the developer is obligated to pay for Pinyon Mesa, Phase 1. Respectively submitted, SCHIUUES R Dean Princi DWG/als l:\1981\01SO2\F-Lower Bench\Final Plat Documents\L20070907 - ltr to Craig Richardson.doc EXHIBIT A PINYON MESA, PHASE ONE SUBDIVISION IM PROVEMENTS AGREEMENT ESTIMATE OF GOSTS Item #Unit Description Quantity Unit Gost Amount Percent Gomplete Work Remaining 1 Lump Sum Mobilization 1 $8,000.00 $8,000.00 100 $0.00 2 Yard per Unit Road over excavation/recompact 37,250 $4.25 $158.312.50 100 -$0.00 $0.003YardDirt Work -CuUfill 8,000 $3.85 $30,800.00 100 4 Yard per Unit Dirt Work -Controlled Fill pit run 11,400 $5.50 $62.700.00 100 $o.oo 5 Ton Class 6 Roadbase 2600 $22.50 $58,500.00 100 $0.00 o Ton Asphalt Paving 1440 $78.00 $1 12,320.00 100 $0.00 7 Lump Sum Red Top Scarify and Compact 1 $8,500.00 $8,500.00 100 $0.00 B Square Feet Valleypans and Fillets 2000 $8.50 $17,000.00 100 $0.00 I Linear Feet Curb and Gutter 6500 $22.80 $148,200.00 100 $0.00 10 Linear Feet ADS N-1218"160 $37.75 $6,040.00 100 $0.00 11 Linear Feet ADS N-12 24"640 $52.25 $33,440.00 100 $0.00 12 Linear Feet ADS N-12 36"1340 $64.50 $86,430.00 100 $0.00 13 Linear Feet ADS N-12 48"280 $1 10.30 $30,884.00 100 $0.00 14 Each 18" FES 2 $250.00 $500.00 100 $0.00 15 Each 24" FES 2 $280.00 $560.00 100 $0.00 16 Each 48" Rip Rap Outlets 1 $1,800.00 $1,800.00 100 $0.00 17 Each Type C lnlets with over-ex 3 $5,200.00 $15,600.00 100 $0.00 18 Each Type 1 lnlets with over ex 9 $3,800.00 $34,200.00 100 $0.00 19 Each Storm Sewer lnlets 36" with over-ex 5 $7,000.00 $35,000.00 100 $0.00 20 Each Storm Sewer lnlets 48" with over-ex 3 $8,500.00 $25,500.00 100 $0.00 21 Linear Feet Sewer Pipe 8" PVC 3820 $34.00 $129,880.00 100 $0.00 22 Linear Feet Sewer Pipe 8" C900 restrained joint 260 $45.00 $11,700.00 100 $0.00 23 Each Sewer Service 65 $1,400.00 $91,000.00 100 $0.00 24 Each Sewer [ttlanholes with 2'over-ex 27 $4,500.00 $121 ,500.00 100 $0.00 25 Linear Feet Water Main 8" DIP 3520 $42.00 $147,840.00 100 $0.00 26 Each 8" Water Main Fittings 10 $300.00 $3,000.00 100 $0.00 27 Each Valve Box 11 $225.00 $2,475.00 100 $0.00 28 Each Fire Hydrant Assembly 6 $3,600.00 $21,600.00 100 $0.00 29 Each 8" Gate Valve 11 $1 ,100.00 $12,1 00.00 100 $0.00 30 Each Water Meter and Vault 1 $6,500.00 $6,500.00 60 $2,600.00 31 Each PRV Vault 1 $50,000.00 $50,000.00 60 $20,000.00 32 Each Water Service 48 $1,000.00 $48,000.00 100 $0.00 33 Each Silt Fence 1200 $3.00 $3,600.00 100 $0.00 34 Each Shallow Utility Joint Trench 14000 $6.50 $91,000.00 100 $0.00 Page 1 EXHIBIT A PINYON MESA, PHASE ONE SUBDIVISION IMPROVEMENTS AGREEMENT ESTIMATE OF COSTS Item #Unit Description Quantity Unit Cost Amount Percent Complete Work Remaining 35 Square Feet 1.5' by 2' block retaining wall 640 $32.00 $20,480.00 75 $5,120.00 TOTAL HARD COSTS $1,634,961.50 $27,720.00 Holy Cross Energy - Paid $111,000.00 100 $0.00 Qwest - No Cost to Developer $0.00 Shallow Utility Trenching - Off site $63,500.00 0 $63,500.00 TOTAL UTILITY GOSTS $174,500.00 $63,500.00 Contract Administration $25,980.00 95 $1,299.00 Enoineerinq lnspection $10,000.00 95 $500.00 Soils Compaction Testing $25,355.00 100 $0.00 Construction Su rveying $60,000.00 100 $0.00 TOTAL SOFT COSTS $121,335.00 $1,799.00 TOTAL PHASE ONE COSTS $1,930,796.50 $93,019.00 Contingency @ 10%$193,079.65 $9,301.90 TOTAL I I I $2,123,876.15 $102,320.90 Page 2 Flu6. 3O 2OO? 4r l.tPH Hp LHSERJET FFIX Trulove Excavating LI,C FO Box 662 NeruCasUe, CO 8164Z s?o - s srr- aa sG q45.g? q \I lnvoice Deb tnTaw tr16 lnvolo I BiT To Pluqr Mcsa Joht Eknare lJl CluDlrqrrc Ilr Netr,QstlsCO 8164, Quantity hmlt you lbr yoor Durinors. I I 1 I 1 I P.O. No.Tslmc PmFd rmolr? Oc*rF0on Rd.Anourt lop Rc,Corryact Sollr Draccclcttrafioo Lmo Serviecr 3/4r Bord buc AryhatPrvfu TcsrtrU Elcavriiou .re<ornpogl 4.{00,00 ,,0m.m 1"2rc.0o I,Om.00 6000.Do l.o(b.0o 4,400110 !,000.00 rJoo.(n l.(xxl00 6,00(L00 l.fip.Do Total stt,600,m 7'd tzebsz60L6 3do1.l-'lSNHOr LIdEZ s I LOOZ OE 3nU I EXHIBIT A PINYON MESA, PHASE ONE SUBDIVISION IMPROVEMENTS AGREEMENT ESTIMATE OF COSTS Item #Unit Description Quantity Unit Cost Amount Percent Gomplete Work Remaining 1 Lump Sum Mobilization 1 $8.000.00 $8,000.00 100 $0.00 2 Yard per Unit Road over excavation/recompact 37,250 $4.25 $158,312.50 100 $0.00 3 Yard Dirt Work -CuVfill 8,000 $3.85 $30,800.00 100 $0.00 4 Yard per Unit Dirt Work -Controlled Fill pit run 11,400 $5.50 $62,700.00 100 $0.00 5 Ton Class 6 Roadbase 2600 $22.50 $58,500.00 100 $0.00 o Ton Asphalt Pavinq 1440 $78.00 $1 12,320.00 100 $0.00 7 Lump Sum Red Top Scarify and Compact 1 $8,500.00 $8,500.00 100 $0.00 B Square Feet Valleypans and Fillets 2000 $8.50 $17,000.00 100 $0.00 9 Linear Feet Curb and Gutter 6500 $22.80 $148,200.00 100 $0.00 10 Linear Feet ADS N-1218'160 $37.75 $6,040.00 100 $0.00 $0.0011Linear Feet ADS N-12 24'640 $52.25 $33,440.00 100 12 Linear Feet ADS N-12 36-1340 $64.50 $86,430.00 100 $0.00 13 Linear Feet ADS N.12 48"280 $110.30 $30,884.00 100 $0.00 14 Each 18" FES 2 $250.00 $500.00 100 $0.00 15 Each 24" FES 2 $280.00 $560.00 100 $0.00 16 Each 48" Rip Rap Outlets 1 $1,800.00 $1,800.00 100 $0.00 17 Each Tvpe C lnlets with over-ex 3 $5,200.00 $15,600.00 100 $0.00 18 Each Type 1 lnlets with over ex I $3,800.00 $34,200.00 100 $0.00 19 Each Storm Sewer lnlets 36" with over-ex 5 $7,000.00 $35,000.00 100 $0.00 20 Each Storm Sewer lnlets 48" with over-ex 3 $8,500.00 $25.500.00 100 $0.00 21 Linear Feet Sewer Pipe B" PVC 3820 $34.00 $129,880.00 100 $0.00 $0.00 $0.00 22 Linear Feet Sewer Pipe B" C900 restrained joint 260 $45.00 $11,700.00 100 23 Each Sewer Service 65 $1,400.00 $91,000.00 100 24 Each Sewer Manholes with 2'over-ex 27 $4,500.00 $121,500.00 100 $0.00 25 Linear Feet Water Main B" DIP 3520 $42.00 $147,840.00 100 $0.00 26 Each 8" Water Main Fittinqs 10 $300.00 $3,000.00 100 $0.00 27 Each Valve Box 11 $22s.00 $2,475.00 100 $0.00 28 Each Fire Hydrant Assembly b $3,600.00 $21,600.00 100 $0.00 29 Each 8" Gate Valve 11 $1.100.00 $12,100.00 100 $0.00 30 Each Water Meter and Vault 1 $6,500.00 $6,500.00 60 $2,600.00 31 Each PRV Vault 1 s50.000.00 $50,000.00 60 $20,000.00 32 Each Water Service 48 $1,000.00 $48,000.00 100 $0.00 33 Each Silt Fence 1200 $3.00 $3,600.00 100 $0.00 34 Each Shallow Utility Joint Trench 14000 $6.s0 $91,000.00 100 $0.00 Page 1 EXHIBIT A PINYON MESA, PHASE ONE SUBDIVISION IMPROVEMENTS AGREEMENT ESTIMATE OF COSTS Item #Unit Description Quantity Unit Gost Amount Percent Complete Work Remaining 35 Square Feet 1.5' by 2' block retaining wall 640 $32.00 $20,480.00 75 $5,120.00 TOTAL HARD COSTS $1,634,961.50 $27,720.00 Holy Cross Energy - Paid $111,000.00 100 $0.00 Qwest - No Cost to Developer $0.00 Shallow Utility Trenching - Off site $63,500.00 0 $63,500.00 TOTAL UTILITY COSTS $174,500.00 $63,500.00 Contract Adm inistration $25.980.00 95 $1,299.00 Engineering lnspection $10,000.00 95 $500.00 Soils Compaction Testing $25,355.00 100 $0.00 Construction Surveying $60,000.00 100 $0.00 TOTAL SOFT COSTS $121,335.00 $1,799.00 TOTAL PHASE ONE COSTS $1,930,796.50 $93,019.00 Conti ncy @ 10%$193,079.65 $9,301.90 TOTAL $2,123,876.15 $102,320.90 a aa Page2 FluB 3p 2Oo? .lr l4PH Hp LRSERJET FFx Trulove Excavating LLC FO Box 667 Ncw Castlc, CO 8161T s?o-ss4-aas. q95-S?q \ ., lnvoice Dsb Et27t72W7 tl16 lnvolcc I BiI To Plum Mcsr Joba Elrnorc l5l Ctub'hqrrc DrNeq,qdhco 81647 Quantity hok you for your Durinoas. I I I I I I P.O. No.Terml ProFd TO70lr? Ocrcrbtba Rdo Amounl Exsavrtiou .fp-Cot'tposl ServlocrSurcy De*ccclcrcmtionLcro 3/4r8ord brsc Aqphr[ Prvlrlg a,{00,00 5,(m.m l,2m.0o 1,0m.00 6000.Do ,,ooo.0o 4,a00110 !,000.m 1300.00 l,0qL00 6,00(LOO r.0q).00 Total $tr,6o0,m z-'d bzzbqz En,/.s ?xnu-'tarrHna LtJc2: T , nn? nc 9^" i ..l -- r I I SCHMUESER GORDON MEYER GLENWOOD SPRINGS I I I w. 6TH, surrE 200 GLENWOOD SPRINGS, CO 8 I 60 I 970-945-tOO4 Fx: 970-945-5948 ASPEN P.O. BOX 2 t55 ASPEN,CO8l6l2 970-925-6727 Fx: 970-9?5-4157 CRESTED BUTE P.O, BOx 3088 CRESTEO EUTE, CO E I ?24 970-349-53s5 Fx: 970-349-5358 ENGINEERS iSURVEYORS September 27, 2007 Craig Richardson, Senior Planner Garfield County Planning Department 108 8th Street Suite 400 Glenwood Springs, CO 81601 RE: Pinvon Mesa Phase ! lnfrastructure Dear Craig: Schmueser Gordon Meyer is the Engineer of Record for Pinyon Mesa Phase l. Plans and specifications for the infrastructure work have been prepared under my direction. During the construction of the infrastructure for Phase l, SGM provided periodic site inspections and general construction over site for the work. Attached hereto are statements from the Owner's Representative, the geotechnical testing firm and the contractor involved in the project. Based on our periodic field observations and the representations made by the respective parties involved in the construction, to the best of our knowledge, the infrastructure completed to date has been completed in conformance with the contract documents prepared by our office. A summary of the constructions costs for Phase I indicating those facilities which have been installed and those facilities which remain to be completed as of the date of this letter. Also attached is a copy of an invoice from Trulove Excavating LLC for work related to the construction of the right turn deceleration lane on County Road 114 at the intersection with Pinyon Mesa Drive. The improvements consisted of scarifying and re-compaction of the existing surface, placement of Class 6 Aggregate Base Coarse and asphalt pavement as per the recommendations of Ground Engineering Consultants, lnc. A copy of their recommendation, as well as a letter from them certifying the improvements, is also attached. As per agreement with Garfield County, the cost of these improvements is to be subtracted from the amount of road impact fees the developer is obligated to pay for Pinyon Mesa, Phase 1. Respectively submitted, SCHMUESER GORDON MEYER DWG/als I \ D Pri a 1/t607 111981\01s02\F-Lower Bench\Final Plat Documents\120070927 - Itr to Craig Richardson.doc $eptemher 37, ;il$7 Sut4ecrl" Gertechnical [iervic*s arrd Mnt*rials Testing, f,or-lrty Rd 114 $eceleration [-ane, Finy*n l'llesa ileveinprnent, Garfieid f,ounty, iloioiads .imh $drxrnher: $T-651'{ Finy*n Mesa S*v*lopntent, tr*i*fi Atfn lar;a+t Rsnzpi 217 $pirit Way F{ew fiastle, iloloradc fi1647 Attn: f\ilr. Srett B*neel This letter summarizes th€ ri'lst*rimls t*sting firs*nd Engineering Csnsuitants, tnc. {GROUND) has perfornred durinE the runstri"iction sf the Deceleration Lane *iong County RCIad 1'X4 ass*c.iateci wlth the Finy*n l!$e*m il*velopnrenrt, Phase I in Garfieid 0*unty, Colora$c. The e*nstrl.rctifin nraterials testing was performed at times schesuled by the contractsr. turirrg construction of the deceleratron lane, nuctear moisture density testing was periodieally performed sn the pavernent *ubgrade to rjetenrnine percent cornpaction and in-pia*e moisture soRt*nt. ln addirtfon, representatirres sf sur office pe#nrnired tests for corcrete placed for curb & gutter. at times scheduled iry the c*ntractor, to deterftiine the slump, air content. and unit welght of the **ncrete. The concrete wa* ani is belng tested to determine physical prnperties anci csrnpressiu* *trerrgth" ln addttion. nuclear density and labannt*r-y iesting vras grerformed on the asphali placeci to deternrine per*ent rornpa*tinn, rnaxirflum thecretical density, sieue analysis anC oil rnntsnt Eased ** the testr resufts, iield obs*rvaii*ns. anci to the best of cur knnwledge, it l* our optnisn that the nraterials test**t t*r iiie tesieC{ cnn"lponents *f the deceleration lane atrong [CIunty lterad 1i4 aseociated with lire Pinynn fr{*sa Develapment were in ge*ei'al #fr*srdfince with pr*ieet plans iq,itl"r th* *x.;*pti** nf rCInsrete rurnpreasiu* utr*ngth resljits which wiil h* det*rnrin*ri at a iat*; ,-i*:*. The *hseruati*ns anC mat*riaiu t*stlnp as indicaiei abmie werc pe$orm*d perl*i;ral{y l*: prcvide data t* tne Srvnrr. .1,:riract*r ern* Suhrontractors i* assist tirer:r irl evaiuatrng the Serr*rai c*nrpilanrs *f the t*st** m;iter-ials ar:di*r u*orlr iruttn the ,;lr.tract doc.tim*nts ai the tinies i:f &L*r sh$el;atior"r xnd t*uting We dicj fi*i riupervise oirr",::i r-r .t$ry4@ril ,om*ffiWffiffiWM ffi#1 #ffiw h tr",] i', I rv *. fi i.ri i p,.i l--r i._ I; i'; h ri.; r" i" ;" ;rl "i :i., i l,"i " ,,]l EXHIBIT A PINYON MESA, PHASE ONE SUBDIVISION IMPROVEMENTS AGREEMENT ESTIMATE OF COSTS Item #Unit Description Quantity Unit Gost Amount Percent Complete Work Remaining ,|Lump Sum Mobilization 1 $8.000.00 $8,000.00 100 $0.00 2 Yard per Unit Road over excavation/recompact 37,250 $4.25 $158,312.50 100 $0.00 3 Yard Dirt Work -CuUfill 8,000 $3.85 $30,800.00 100 $0.00 4 Yard per Unit Dirt Work -Controlled Fill pit run 11,400 $5.50 $62,700.00 100 $0.00 5 Ton Class 6 Roadbase 2600 $22.50 $58,500.00 100 $0.00 b Ton Asphalt Pavinq 1440 $78.00 $1 12,320.00 100 $0.00 7 Lump Sum Red Top Scarify and Compact 1 $8,500.00 $8,500.00 100 $0.00 8 Square Feet Valleypans and Fillets 2000 $8.50 $17,000.00 100 $0.00ILinear Feet Curb and Gutter 6500 $22.80 $148,200.00 100 $0.00 10 Linear Feet ADS N-1218"160 $37.75 $6,040.00 100 $0.00 11 Linear Feet ADS N-12 24"640 $52.25 $33,440.00 100 $0.00't2 Linear Feet ADS N-12 36'1340 $64.50 $86,430.00 100 $0.00 13 Linear Feet ADS N-12 48'280 $1 10.30 $30,884.00 100 $0.0014Each18" FES 2 $250.00 $500.00 100 $0.0015Each24'FES 2 $280.00 $560.00 100 $0.0016Each48" Rip Rap Outlets 1 $1,800.00 $1,800.00 100 $0.0017EachType C lnlets with over-ex 3 $5,200.00 $15,600.00 100 $0.001BEachType 1 lnlets with over ex I $3,800.00 $34,200.00 100 $0.0019EachStorm Sewer lnlets 36" with over-ex 5 $7,000.00 $35,000.00 100 $0.0020EachStormSewerInlets4Iltwithover-ex 3 $8,500.00 $25,500.00 100 $0.0021Linear Feet Sewer Pipe B" PVC 3820 $34.00 $129,880.00 100 $0.0022Linear Feet 9eraler Pipe 8" C900 restrained ioint 260 $45.00 $11,700.00 100 $0.0023EachSewer Service 65 $1,400.00 $91,000.00 100 $0.0024EachSewer Manholes with 2'over-ex 27 $4,500.00 $121 ,500.00 100 $0.0025Linear Feet Water Main 8" DIP 3520 $42.00 $147,840.00 100 $0.0026EachB" Water lVain Fittings 10 $300.00 $3,000.00 100 $0.0027EachValve Box 11 $225.00 $2,475.00 100 $0.0028EachFire Hydrant Assembly 6 $3,600.00 $21,600.00 1 00.$0.0029Each8" Gate Valve 11 $1 ,100.00 $12,100.00 100 $0.0030EachWater Meter and Vault 1 $6,500.00 $6,500.00 60 $2,600.0031EachPRV Vault 1 $50,000.00 $50,000.00 60 $20,000.0032EachWater Service 48 $1,000.00 $48,000.00 100 $0.0033EachSilt Fence 1200 $3.00 $3,600.00 100 $0.0074EachShallow Utility Joint Trench 14000 $6.50 $91,000.00 100 $0.00 Page 1 EXHIBIT A PINYON MESA, PHASE ONE SUBDIVISION IMPROVEMENTS AGREEMENT ESTIMATE OF COSTS Item #Unit Description Quantity Unit Cost Amount Percent Complete Work Remaining 35 Square Feet 1.5' by 2' block retaining wall 640 $32.00 $20,480.00 75 $5,120.00 TOTAL HARD COSTS $1,634,961.50 $27,720.00 Holy Cross Energy - Paid $111,000.00 100 $0.00 Qwest - No Cost to Developer $0.00 Shallow Utility Trenching - Off site $63,500.00 0 $63,500.00 TOTAL UTILITY COSTS $174,500.00 $63,500.00 Contract Adm inistration $25,980.00 95 $1,299.00 Engineering I nspection $10,000.00 95 $500.00 Soils Compaction Testing $25,355.00 100 $0.00 Construction Surveyin g $60,000.00 100 $0.00 TOTAL SOFT COSTS $121,335.00 $1,799.00 AL PHASE ONE COSTS $1,930,796.50 $93,019.00 Contingency @ 10%$193,079.65 $9,301.90AL$2,123,876.15 $102,320.90 aa aa Page 2 Flug, 3O 2OO? .lr l.tPl1 HP LHSERJET FRx Trulove Excavating LLC FO Box 667 Ncw Crstlc, CO 81617 BiT To Pluo Mcsa John Ehnre 13l Clubhnrrc Dr Netr,Crslo, CO tlf47 s?o-ssrt-aasG q4.f..f'-?q \I lnvoice DaE EUf2W'rr16 : P-O. No.Tsrmt Prold TU70lr? Oc.crbdort RdC Arnount De-rccclcrsntioo I-mo 3/4!" Ro{d brra A+hr[Prvhrg' Istl Top Rp,Corryast Sofu Tcsrlng Orrc,r ErcandoD {o+onposl Suwcy Servlccr t,400.m 5,Om.m l"2m.0o 1,0m.00 6000.Do I,O0O.0O 4,ao0r0 !,000.00 lJoo.(l(, 1,0(xL00 6,@0.m l.0q).00 Total $rr,500,m Qurnbtty hmk you for yo'ur Dnrsinors I I 1 I I I 1fd}liel it:jl ,iiii *mr Juiy ?S, iliil? Sub3**'lt *r:uiiiy Road 1.1;l iltr*l*rat!si-; rarte Fa'r**tent iierur*mendgti*ns, ;)inyon lvlssa. Sar.f l*lt{ **untY *otsrado "j*h hdm. S?"S$tr"{ \/lr Rroit Ranrnl Etrk tlllesa Froperties, LLS 317 $pirit Way f{ew Castle, *ctruradCI S1S,+7 Dear [Wr. Benze{; Snound Engirreering Ccnsultants, lnc. iGROi",lf*il; has ies*nily heen requestecj ta pr.ovide pavenrent section r*corTrrnendatians fur tlre deceleration iane aicng County Road ltd at the entrance to the Frnyon Mssa Deveioprlent. l={F Geoteeh (HP) comptuted two seil repurts fnr the pr*.1*ct trtleci f,reiirlrn*ry* #e*ts*!wiral 5iudtri, Fruposed Residsnfla/ Dmrel*pmefi$, Sili' S,unrrgls Eanofi Law€r Benclt Area, C*unfy ,Qrrnd {14, #erfield Counfy, C*l*n"lrj*. Cmt*ri {!oveni[:er'11,zilflS anil .Sr:p6:lcrrt*rtlal Gs*fe,:hnrrai Sfuidy, Frcrpused Rssrdenfrsl Sruel*pruert, E/r Spnrig$ Hanr.",q J-olver fienuh Area, Cc*nfy ftoad ? 14, Gariold Sounty, f;*lorado, dated Aprii 1S, 2U0S. ln the r*pfirt dated fduvernber 11, tCI0$ HP sta{es tirat an H-value of '15 was assunred for the ^^rl.,^ ^^,1 Th* clesiEn 2G-year, equtualent 1S-hip singic axn* l*ariings {H$ALra's} were caictiiatsd u*;ng trafrc **ta providecl ny Sclirn*aser G*r#*n fr{*y*r ancl fiDOT }*aciing paiani*lers These ijata indirateeJ ar: aversss tuiml o1'?$il vchitl*s per ctray over tii* rI*srgn iife l,: irt* pa!ernent for the suDject deceleratrci- larrt= c); ii.ts* vehtcies i : l-'::cent 3r+ esl:' 3:ec ne l;oirtbir:ati*n Isgm'-tratier' lrl];\s l: .- []+l : tl'l i(; ['c crlrii+ i;l'ii il'lrcks lr rr iilE' remalning S7.tJ* per[enl to be auii..ril].c[rii*s. Bas*r:i cr th*s* d*ta fln H$AL :.i*siErr valus inr flexibls pave;tr*nts nf *{,fit,' \,ias *str.i il lrlc fi.f,sigr; i$*e &p:il*rir.t:x n' i;r 'ir* e*unty ftoad 1'J4 deceleratl*n {a:*;r.r ll'i* *niian*e ln Prnyon klesa }ev*i,:Pnreni ffiffiffiffiffiM &[re$el*sii fii; Cotlnty Read 11,{ Dece*eration Lane Faverndnt $e$tisfi Pinyen llleso $srfield County, Solorads ;r*h. N* 07"SS1X Fage ? of 3 GHSL.,Ntr is pr"*viriing the foli*winfi ilsvtsfir*nt x*;iirrr rscornrnenssii*ir:, haseti on the ahov* lnf*rnraiiCIn Th* Cwner end th* **ntra*tilr $lus"t a$s'Jme th* tisks fi$soc;ated r*rith pavinEl ftn sub$rade $*ii$ v,riiN: ensins*rirtil pr{rperties as indicaled in the HF l-csnnfiQ Sa;hgrade Freparatioffi mscor$r$emc{Btisn$: $l'l*dfy h*fnre placement o{ paveni*nt, in*}uslng efiy a$gr*Sat* i:as* cnurse tne expCIsed $uhgrade soils shor-Iid b* ssarifled {* a dtptl^r of at ieast'nt rnches, mixed to achieve a urnifurm rnoistllre cfinten'l, and then re-ccmpacted, Due tCI tire naiirre sf the slte gtils, ssme prst-c*nstruetion moveffienis of the pavsmlertt$ should:he anti*ipai*d. A greater d*pth r:f exsal,mtion and reprocessing niay r*sult in ir"npr"oved pavffr?1ent perfflrrnan*B svffi its Ceslgn {ife" Sqiis ti'tat elassify a$ A-1 through A-$ {Eranutar soiisi should be compacted ts 95 or more percent of the mtaxiffluffl rnodifieej Fr*ctor iiry density within 2 perc*ni of the optirnurn n':oisture cmntent ss deterrnlned hy ASTfd D1557 I &ASliTO T-1ts0. Soiis that clessify *lri A-fr and A-7 {c*hesive rnffitsri{}ls;i shoulej i:e c*mpscted to S$ *r rnore per*er:t *f the maxln"lurn standard Froctor: density st m*istr;re eantents from 1 percent belaw to 3 p*ncen! abovs r:ptimi:rn moisture csntent a$ *et*rn"lined by ASTfu4 il&g8 i AASHT* T- LI L,| The Csntra*ior shc{-lltJ be prepare* *ilhei' t* dry lhe subgrade maierials or nr*isten thenr, as neected* prirr tn con:pa*ti*n. {-ii,l*wiir*. sorne $lte soiis likeil l'rril pumF" fir' defleet,dr"*rinE **n"lpartion if morslur* l*lsir ar* nr:t rarefui)y *sntroli*d. The ilutrtractor sl-16u{dibe pr*pared tn prr:cess unci r*fi'r!,m;r sucii :oiis to *stabit*h n stnhlo piat{or'ru ior paving, llTrrnedlatei,rr pri*r1* paving. tnr sr..rngrade tlr{,,"r1;i i+ proof r*lled u;itr a iicavi}1,' }o;l*ed, pn**n:atic iirod vehicle. "&reas i5a1 slic'v,rr sx**usi,ra d*{ieciion *trrirl; prnrf r*tiing sh:utcJ [-rs *lxcava{eij and rtplacec} arrdl*r $ifrDiliret. &isft$ ai{outecj l(] }L,lt:i lrrlil- [("i ;l;rvri-r; ',viil le r:i:ir* si!i-:til:anl r*-wolr.i"ig slio: ii ;. rr'-' r,1,,:' '.: frsufity Esfld 11* S*r.ei*ratitln Lane Favement $euti*n Pinyfin Mesa Garfi€ld County, S$lorilrl* J*b. Ftrl 0?-ffS11 i,Art{} J OI J Faraeffirerit SectiCIr"r Remornm e mdatimns : Based sn the *ai;ulations performsd. the io{tnitins BBVsmetrt seciir:ris nray }:e r"isect where a flexible pevement secti*n is pieueri fnr th+ deciaratiun iun*. RseCIrnmended Minintu*m Favemsnt Section$ f,osafiom Fulf Sepf& -4spfimff {rno&*s ,4spholtj Cortrposife Sesfiom irru/res.Aspfuait ./ iTlsiius Aggrug*l* tsas*J f;R 114 ilecef*rpiicrr"i l*anCI Asphalt pavement should csnsist sf a hitunrin*us plant miN composecJ Pf a mixture of aggregate and hitr.rrninous nraterial, Asphalt nrrxture(s) should meel tne requtrernents of a jnb-nrix fornruia estatrlished by a qu*lifred engineer as weil as applicable deeign requirmn"rents nf ffimrflsld **unty. Thin lo1ter only pertains to the pavsnierlt s*ctisn fnr the project slte as dessribed herein and the previrusiy rnenttsned report$ preperec} i:y i-{P Gentech shali he referenceci ior all other geoteclrni*al recsn'lmendations for the Fin,uon lvlesa Devetopmreni We trust that this pn*vrded the additi*nal rnfnrmatinn that ynu needed at thts tirne. li ytlu have any questl*ns, please contact :rls cffl** Qirrraroirrurrrvur!)1. GRSUlf,{B Engine*ring fi onsutrtants, ivl*. j r !! i..t !li, i. i !l J -. . r'ryr: *':.r ,-ri..y -4j-1.;" ::-"- "-- *")i"lr'lvi*wtrd hy il'11*ir*r*l K ljirarinxr'. i).H &pp*mdtx & Pavernes'*t BesiEn Salmu*lation XJ *..- ,-: ; -i 'ii :' u-.i tl - -,i t'1 :: ii.--r :1 4 --lF ,< -ri E;l;l^ . ., t: !l t a1 i fl i ;1 5 =i - n.-l ,. :l' OI g L ti < ... ,:J{ lxit * .r Y '{t;i 3 -;l ;" .-' :i -r L'* n$ {r1 Ed l $ {t) a.j jj *e =Z s: <,7 /, t{t lrrrr'r^Y,4 -Ti,IIJJT. .J a- il -ii =) 113 _:.;> \ .'9, L}L:):l!:^/* '*: .= ! --i f; * il :_\rrr,*/in2 -f: i:=:a$it/^-a 1i 2 .' :):l*- ; t- -) F ^,t -:"'*:'t''\ i & Jl {'t es cfi.*J a >4 +a r:- ls * .J f.: ^ -1. lli ,:!, t t ' ) ')*'-:) r,i 1l {, 1--- t,, . .r'=i]"d.,- >r -7 -l {i -""^il* 'r?*l *d 5 t) x) 3?t - =< fl *,f) ttz i.., aJ ;*4 ;i#i:),)Iq.u {:J r. +J lr 1Bq3 -eA$if{'{'t-} Fav*nrent ilesign mARWln Pmveffi]f,vlt tr)estgtt px"id Amml3isis 55'stem A Pr*pr:i*tu::3' ,iil\5.i$ }'il#Wnre Corrrp uter S*iilt'ltrc tr)rq:duct :'. .:,, .,'i .', I',.r:r. - -, .i, r, .il}*,v.ihte $rruiutur.trl Llusiun M*dule I ""kip lr$A1,s (Jver inilinl ilr:riirrrn*ncr lls,ri*tl Iniiitl $trvi*;eai:i1it-v "1'rm:in*[ $erviue*hi Iity] K*limhitity' l-ev*i { Jr {r*l I SuriJrrd I ]Er.iutiorr Ito*Cbuei Soil l{e,'iilient &{utiuNus i;iag* {l0r}${ru{ii*tt t lainu Iated Llesign .$lrucl urltl N untl:cr ,t- ,.. I-r{lt'-\'- -\,-'- /'.,,,^r, i)...,{ |II I\,,,,. ,.,,!!.,,1I r!1., l:,,l I I'r..,,t1., $'$exi hfe Strurt"u r*& {}esigm ir i.t,-. . - ?E i!ti ", r^-t.,ri":l I $pec&ffi*t$ $,mve&" Xlexign i-.ur.'*r il &1 i$qri l{#.**crut!i-uil r\s1T|1;1|1 Strur;t. Cqel. 1l -l [.lruirr 'l-h iclar*s* {I}ritn,t u. -) *,5i1 '& idrh tl{ I l.lrrle trla[*it $lliir, :,(i(| -. l")\.r Reference #: Amount: Date of Issue: Expiration Date reductions and, if so separate representative] IRREVOCABLE STANDBY LETTER OF CREDIT 026040t833 $102,320.90 SEPTEMBER I9,2OO7 APzuL I5,2OO9 BENEFICIARY: Board of County Commissioners of Garfield County ("Beneficiary" or..BOCC") 108 8th Street, Suite 213 Glenwood Springs, CO 81601 ACCOLJNT PARTY/Applicant: PINYON MESA 253 SILVERLODE ASPEN, CO 81601 Establishment/Fqce We hereby at the of the Applicant/Account Party, Irrevocable Standby Letter 02604018 an amount not to exceed ONE HUNDRED TWO THOUSAND CENTS ($102,320.purpose to performance of with Applicant/Account Party and Beneficiary,titled SION IMPROVEMENTS AGREEMENT.BANK, at 3:00 p.m. Mountain Standard letter at of DOLLARS and NNETY Appl icant/Account Party' s of The BOCC may [may not] authorize periodic Credit llf Bank requires Reduction Certificates: of the Letter of Credit shall be evidenced by a and executed by the BOCC or the BOCC's authorized Conditions for Beneficiary Drafts submitted by Beneficiary must be accompanied by the following documents: 1. Beneficiary's signed statement executed by the Chairman of the BOCC or the BOCC's authorized designee stating: PINYON MESA DEVELOPMENT, [NC., developer of Subdivision [P.U.D.] is in default of its obligations set forth in that certain Subdivision Improvements Agreement between PINYON MESA DEVELOPMENT and the BOCC, dated and recorded as Reception Number in Book at Page of the Real Estate Records of the Office of the Garfield County Clerk and Recorder. Eorm LOC. doc R.2 . 01 the face Releases I draws Page 1 of 2 EXHIBlT TbDa 2.The original Letter of Credit, endorsed on the reverse side with the words: "Drawn by the Board of County Commissioners of Garfield County, Colorado in the amount requested per draw," manually signed by the Chairman or the BOCC's authorized representative. Cancellation This Letter of Credit and amendments, if any, must be returned to us for cancellation by Applicant/Account party with a statement signed by the Beneficiary stating: "This Letter of Credit is no cancellation." longer required by the BOCC and is hereby to the issuing bank for Issuer's Undertaking We hereby agree to honor each draft this Letter of Credit if presented, together BANK, 600 EAST HOPKINS AVENUE, date of expiration identified above. This Practices for Documentary Credit ( Publication Number 500 and the Uniform amended. ALPINE BANK Name Title THIS IS A AND Expiration Date, TO SPECIFY REDUCTION CERTIFICA LETTERS OF CREDIT ARE HELD TO PARTIAL OR FULL RELEASE, PLAN/Forms/Form LOC Form LOC.doc R.2.0'7 1S at C.R.S.,l-l0l et seq., as FORMATS AND DIFFERENT TERMS TO IDENTIFY ISSUER, APPLICANT MATTERS IDENTIFIED ABOVE: Establishment, Face Amount, Purpose, for Payment to Beneficiary, Cancellation, Issuer's Underlating AND OF THE LETTER OF CREDIT, IF ALLOWED, REQUIRE THE USE OF OF THE GARFIELD COUNTY TREASURER. ADDRESS QUESTIONS RELATED TO THE BUILDING AND PLANNING DEPARTMENT 001,PEN CO with the terms of specified, to ALPINE on or before the Customs and of Commerce subject to the International By YOUR Partial NOT P Page 2 of 2 Reference #: Amount: Date of lssue: Expiration Date: IRREVOCABLE STANDBY LETTER OF' CREDIT 0260401 833 $1,02,320.90 SEPTEMBER I9,2OO7 APzuL I5,2OO9 BENEFICIARY: Board of County Commissioners of Garfield County ("Beneficiary" or "BOCC") 108 8th Street, Suite 213 Glenwood Springs, CO 81601 ACCOUNT PARTY/Applicant: PINYON MESA 253 SILVERLODE ASPEN, CO 8I601 ...,:.. Establishment/Face We hereby establi Irrevocable Standby Letter HLTNDRED TWO THOUSAND CENTS ($102,320.purpose performance of with Beneficiary, AGREEMENT Standard reductions and, if so separate representative] Eorm LOC.doc R.2 .01 at the of the Applicant/Account Party, 0260401 83 an amount not to exceed ONE RED DOLLARS and NINETY Applicant/Account Party' s Applicant/Account Party and titled SION IMPROVEMENTS BANK, at 3:00 p.m. Mountain letter tted. The BOCC may [may not] authorize periodic of Credit llf Bank requires Reduction Certificates: of the Letter of Credit shall be evidenced by a and executed by the BOCC or the BOCC's authorized to at of Conditionsfor Beneficiary Drafts submitted by Beneficiary must be accompanied by the following documents: 1. Beneficiary's signed statement executed by the Chairman of the BOCC or the BOCC's authorized designee stating: PINYON MESA DEVELOPMENT, [NC., developer of Subdivision [P.U.D.] is in default of its obligations set forth in that certain Subdivision Improvements Agreement between PINYON MESA DEVELOPMENT and the BOCC, dated and recorded as Reception Number in Book at Page of the Real Estate Records of the Office of the Garfield County Clerk and Recorder. the Releases draws face EXHIBIT Page L of 2 The original Letter of Credit, endorsed on the reverse side with the words: "Drawn by the Board of County Commissioners of Garfield County, Colorado in the amount requested per draw," manually signed by the Chairman or the BOCC's authorized representative. Cancellation This Letter of Credit and amendments, if any, must be returned to us for cancellation by Applicant/Account party with a statement signed by the Beneficiary stating: "This Letter of 2. Credit is no cancellation." longer required by the BOCC and is hereby to the issuing bank for Issuer's Undertaking We hereby agree to honor each draft this Letter of Credit if presented, together BANK, 600 EAST HOPKINS AVENUE, date of expiration identified above. This Practices for Documentary Credit ( Publication Number 500 and the Uniform amended. ALPINE BANK Name Title THIS IS A AND BENEFICIAR Expiration Date, TO SPECIFY REDUCTION CER' LETTERS OF CREDIT ARE HELD TO PARTIAL OR FULL RELEASE, PLAN/Forms/Iorm LOC Form LOC.doc R.2.0'7 1S 001,SPEN C ance with the terms of specified, to ALPINE on or before the Customs and of Commerce subject to the International By at C.R.S.,l-l0l et seq., as FORMATS AND DIFFERENT TERMS TO IDENTIFY ISSUER, APPLICANT MATTERS IDENTIFIED ABOVE: Eslablishment, Face Amount, Purpose, for Paymenl lo Beneficiary, Cancellalion, Issuer's Underta&ing AND RELEASES OF THE LETTER OF CREDIT, IF ALLOWED, REQUIRE THE USE OF OF THE GARFIELD COUNTY TREASURER. ADDRESS QUESTIONS RELATED TO THE BUILDING AND PLANNING DEPARTMENT YOUR Partial NOT PAR' Page 2 of 2 Reference #: Amount: Date of Issue: Expiration Date: SUBDTVISION BANK, at 3:00 reductions and, if so separate representative] IRREVOCABLE STANDBY LETTER OF CREDIT 0260401t33 $32,500.00 SEPTEMBER 19,2OO7 DECEMBER 31,2009 BENEFICIARY: Board of County Commissioners of Garfield County ("Beneficiary" or "BOCC") 108 8th Street, Suite 213 Glenwood Springs, CO 81601 ACCOLINT PARTY/Applicant: PINYON MESA 253 SILVERLODE ASPEN, CO 8160I Estqblishment/Face We hereby at the of the Applicant/Account Party, Irrevocable Standby Letter of 1133 in not to exceed THIRTY TWO THOUSAND FIVE HUNDRED DO ZERO 2,500.00). The purpose of this letter is to secure of and compliance with the and titledagreement between AG onD of Credit expires at ALPINE 31,2009. This letter is not tted. The BOCC may [may not] authorize periodic of Credit llf Bank requires Reduction Certificates of the Letter of Credit shall be evidenced by a and executed by the BOCC or the BOCC's authorized of Conditionsfor BeneJiciary Drafts submitted by Beneficiary must be accompanied by the following documents: 1. Beneficiary's signed statement executed by the Chairman of the BOCC or the BOCC's authorized designee stating: PINYON MESA DEVELOPMENT, INC., developer of Subdivision [P.U.D.] is in default of its obligations set forth in that certain Subdivision Improvements Agreement between PINYON MESA DEVELOPMENT and the BOCC, dated and recorded as Reception Number in Book at Page Real Estate Records of the Office of the Garfield Form LOC. doc R.2.07 the Releases draws face Tt EXHIBIT Page 1, of 2 of the The original Letter of Credit, endorsed on the reverse side with the words: "Drawn by the Board of County Commissioners of Garfield County, Colorado in the amount requested per draw," manually signed by the Chairman or the BOCC's authorized representative. Cancellation This Letter of Credit and amendments, if any, must be returned to us for cancellation by Applicant/Account party with a statement signed by the Beneficiary stating: "This Letter of 2 Credit is no cancellation." longer required by the BOCC and is hereby to the issuing bank for Issuer's Undertaking We hereby agree to honor each draft this Letter of Credit if presented, together BANK, 600 EAST HOPKINS AVENUE, date of expiration identified above. This Practices for Documentary Credit ( Publication Number 500 and the Uniform amended. ALPINE BANK Name Title THIS IS A AND B Expiration Date, TO SPECIFY REDUCTION LETTERS OF CREDIT ARE HELD TO PARTIAL OR FULL RELEASE, PLAN/Forms/Form LOC Form LOC. doc R.2.07 at c.R.S.,l-101 et seq., as FORMATS AND DIFFERENT TERMS TO IDENTIFY ISSUER, APPLICANT MATTERS IDENTIFIED ABOVE: Esrablishment, Face Amount, Purpose, for Payment to Beneficiary, Cancellation, Issuer's Undertaking AND OF THE LETTER OF CREDIT, IF ALLOWED, REQUIRE THE USE OF OF THE GARFIELD COUNTY TREASURER. ADDRESS QUESTIONS RELATED TO THE BUILDING AND PLANNINC DEPARTMENT 001,PEN CO is issued subject to the International , with the terms of specified, to ALPINE O on or before the Customs and of Commerce By YOUR Partial NOT PAR Page 2 of 2 EXHIBIT D GARFIELD COUNTY BOARD OF COUNTY COMMISSIONER'S AUTHORIZATION PARTIAL RELEASE OF LETTER OF CREDIT/REDUCTION CERTIFICATE NUMBER PINION MESA FILING 1 SUBDIVISION The undersigned, Chairman of the Board of County Commissioners of Garfield County, Colorado, in conformance with paragraph 3(d) of the Subdivision Improvement Agreement ("SIA") between the BOCC and Pinyon Mesa Development, Inc., acknowledges that the improvements required by the SIA and the BOCC have been certified as partially complete by the project engineer and, therefore, the amount of the above referenced letter ofcredit shall be reduced by: USD $to a new total not exceeding USD $ ATTEST: BOARD OF COT]NTY COMMISSIONERS OF GARFIELD COLINTY, COLORADO John Martin, Chairman Date By: Clerk to the Board EXHIBIT E ACKNOWLEDGMENT OF FINAL SATISFACTION SUBDIVISION IMPROVEMENTS AGREEMENT WHEREAS, Pinyon Mesa Development, Inc. entered into a Subdivision Improvement Agreement ("SIA") with the Board of County Commissioners of Garfield County, Colorado ("BOCC") dated recorded as Reception Number in Book at Page of the Real Estate Records of the Garfield County Clerk and Recorder; and WHEREAS, Pinyon Mesa Development, Inc.has presented a certification of final completion certifuing that Pinyon Mesa Development, Inc. has completed all subdivision improvements associated with the Pinyon Mesa Filing 1 Subdivision, having an actual cost of construction of $and NOW THEREFORE, at the request of Pinyon Mesa Development, Inc. and in consideration of the premises and prior agreements in the SIA, the BOCC hereby acknowledges full satisfaction of the security requirements of the SIA and authorizes final release of security from the above identified Alpine Bank letter of credit in the amount of $resulting in a remaining balance of the original letter of credit in the amount of $-0-The BOCC authorizes the Chairman to sign Final Reduction Certificate Number _ for the Pinyon Mesa Filing 1 Subdivision, a copy of which is attached hereto as Exhibit "A". The BOCC further authorizes the Chairman to deliver the original Final Reduction Certificate Number to Alpine Bank ATTEST: BOARD OF COUNTY COMMISSIONERS OF GARFIELD COUNTY, COLORADO By: Clerk to the Board John Martin, Chairman Date: EXHIBIT F PINYON MESA FILING 1 SUBDIVISION IMPROVEMENTS AGREEMENT NOTICE REGARDING BUILDING PERIVIITS AND CERTIFICATES OF OCCUPANCY TO: ALL PURCHASERS OF HOME SITES WITHIN PINYON MESA FILING 1 YOU ARE HEREBY NOTIFIED under applicable Garfield County regulations, you may not commence construction of a residence within unincorporated GarFreld County, including within the Pinyon Mesa Filing 1 Subdivision, prior to issuance of a building permit by Garfield County. Under the terms of the Subdivision Improvements Agreement between Garfield County and Pinyon Mesa Development, Inc., Garfield County will not issue building permits for property in Pinyon Mesa Filing 1, until: The Owner/Developer has demonstrated to the satisfaction of the Carbondale Rural Fire Protection District that adequate water is available to the construction site for the Fire District's purposes. A site-specific geo-technical study, completed by a registered Geo- Technical Engineer, has been presented to the Building and Planning Department for review, along with a registered design professional's certification that the structure design is based on the site-specific study. The remaining 50o/o of the Garfield County Road Impact Fee is paid by the party seeking the building permit. Note: the owner/developer paid 50% of such fee as part ofthe subdivision approval process. Additionally, Garfield County will not issue Certificates of Occupancy for any structures within Pinyon Mesa Filing 1 until all of the subdivision improvements have been completed and are operational in accordance with the Subdivision Improvements Agreement between Garfield County and Pinyon Mesa Development, Inc. and until radon gas testing has been completed. OWNER/SUBDIVIDER: PINYON MESA DEVELOPMENT INC. 1 2. J By John C. Elmore, President ,".} The foregoing Notice was read and understood by the undersigned Purchaser of a home site within Pinyon Mesa Filing 1, this day of _ 200 PURCHASER: (type/Print Name) CfypeiPrint Address ) ENGINEERS & SURVEYORS SCHMUESER GORDON M TER c: Lrj\r,,(l ):l :lF'H rJ/j:; I I I w. 6TH. su[E 2OO GLEllu,@ SFFNGS, CO I I 60 I 970-945-loo4 il: 970-945-5948 P.O. BOX 2155 ASPEN.CO8l6l2 970-925-6727 *i 970-925-4157 llRF:-:iTtaD BLI llE P.O. BOX 3088 cREsrED BUTE, co 81224 97G349-5355 ry: 970-349-5358 RE: Pinvon Mesa Phase I lnfrastructure Dear Fred: Schmueser Gordon Meyer is the Engineer of Record for Pinyon Mesa Phase l. Plans and specifications for the infrastructure work have been prepared under my direc{ion. During the construction of the infrastructure for Phase l, SGM provided periodic site inspections and g6neral construction over site for the work. Attached hereto are statements from the OwnLfs Representative, the geotechnicaltesting firm and the contractor involved in the project. Based on our periodic field observations and the representations made by the respective parties involved in the construction, to the best of our knowledge, the infrastructure completed to date has been completed in conformance with the contract documents prepared by our office., Also included is a summary of the constructions costs for Phase I indicating those facilities which have been installed ind those facilities which remain to be completed as of the date of this letter. Respectively submitted, SCHMUESER GORDON MEYER June29,2OO7 Mr. Fred Jarman, Planning Director Garfield County Planning Department 108 8th Street Suite 400 Glenwood Springs, CO 81601 Dean Principal DWG/als l:\1981\01SO2\F-Lower Bench\03 Final Plat-PH1\120070629 - ltr to Fred Jarman.doc Schmueser Gordon Meyer Engineers & Surveyors 118 West 6ft Street Suite 200 Glenwood Springs, CO 81601 June27,2007 Dean Gordon RE: Job Pinyon Mesa Job # 1502F Trulove Excavating,LLC has built Pinyon Mesa under the plans and specifications designed by Schmueser Gordon Meyer Engineers & Surveyors with the job nalne, Pinyon Mesa job number, 1502F plans revised 2128107. The Schmueser Gordon Myer and the owner for the above named job has supplied construction observation for the installation of utilities. Ground Engineering Consultants, Inc has been hired by the owner to provide soil analysis and daily compaction reports. Sincerely Ty Trulove Manager Trulove Excavating,LLC Trulove Excavating, LLC PO Box 667 i New Castle, CO 81647 , 970.984.2295 office 970.984.2296 fax a\ Garfield Couruty To: Board of CountY Commissioners From: John Niewoehner Project Engineer Date: April 7, 2009 RE: Release of Financial securities - Pinvon Mesa Phase 1 Subdivision .llt!rlrlltlllll.lllt.llrllrlrllltlttltl.lllllllll.ltrl.lllltrll.irll.ll! As attested by the engineer for the Pinyon Mesa Subdivision, improvements related to the (1) Grading permi-t and (2) subdivision infrastructure have been satisfactorily completed. The BOCC is therefore requested to approve the release of the following financial securities: Gradino Permit. Pinyon Mesa Development, lnc. requests the release of qi*-,,m $43560 held irl cash by the County through a Treasurer's Deposit Agreement "*Af Subdivision lnfrastructure lmprovements: Pinyon Mesa -D^evelopment, lnc' @tter of credit in the amount of 9102,320.90. a .\\ ItVa i,-\,/ Attachments:1. Acknowledgement of Satisfaction - Pinyon Mesa Phase 1 Grading Permit 2. Acknowledgement of Satisfaction - lnfrastructure lmprovements ACKNOWLEDGEMENT OF SATISFACTION INFRASTRUCTURE IMPROVEMENTS REQUIRED THROUGH SUBDIVISION IMPROVEMENTS AGRE,EMENT KNOW ALL MEN BY THESE PRESENT that: WHEREAS, Pinyon Mesa Development, Inc. (hereinafter "Ovfiier"), entered into a Subdivision Improvements Agreement with the Board of County Commissioners of Garfield County, Colorado (hereinafter "Board"), ReceptionN o.734760 of the Garfietd County records on October 8. 2OOl, for the improvements of Pinyon Mesa Phase 1 Subdivision; and WHEREAS, an irrevocable Letter of Credit was delivered to the County in the amount of $102,320.90 in order to secure the subdivision improvements to be constructed by the Owner as required in the SIA; and WHEREAS, the obligations of the Owner have been satisfied, as verified in a letter from Dean Gordon, P.E. of Schmueser Gordon MeyerEngineers and Surveyors, dated September 29,2008 that work has been completed consistent with improvements described in the Subdivision Improvements Agreement. NOW THEREFORE, at the request of the Owner and in consideration of the premises and prior agreements, the Board hereby acknowledges this satisfaction of the Subdivision Improvements igr""-"rrt entered into by the Owner and the Board for the release of security in the amount of $lOZ,lZO.g0 for work completed consistent with improvements described in the Subdivision Improvements Agreement. By: Chairman STATE OF COLORADO COUNTY OF GARFIELD ) The foregoing instrument was acknowledged before me this of 2OO9,by John Martin, as Chairman of the Board of County Commissioners of Garfield County, Colorado WITNESS my hand and official seal. ) )ss My commission expires Garfield County Clerk rl ACKNOWLEDGMENT OF SATISFACTION AND DIRECTION TO TREASURER TREASURE,R'S DEPOSIT AGREEMENT Pinyon Mesa Phase 1 Grading Permit Recitals 1. Pinyon Mesa Development, Inc. entered into a 2009 Garfield County Treasurer's Deposit Agreement with the Board of County Commissioners of Garfield Counfy, Colorado ("BOCC") and the Treasurer of Garfield County, Colorado ("Treasurer") signed by BOCC on February 5,2007. 2. On behalf of Pinyon Mesa Development, Schmueser Gordon Meyer Engineers and Surveyors has presented certification to the BOCC that earthwork permitted through the Garfield County Grading Permit #2006-96 has been satisfactorily completed.. Acknowledgement NOW THEREFORE, at the request of Pinyon Mesa Development, Inc. and in consideration of the premises and the prior agreements contained in the Deposit Agreement, the BOCC hereby: 1. acknowledges full satisfaction of the security requirements; 2. authorizes disbursement of funds from the Treasurer's Account in the amount of $43,560, lesulting in a remaining balance of $0; 3. authorizes and directs the Treasurer to release the funds held in the Treasurer's Account to an authorized representative of Pinyon Mesa Development, Inc. ATTEST: BOARD OF COLTNTY COMMISSIONERS OF GARFIELD COLINTY, COLORADO John Martin, Chairman Date By: Clerk to the Board i HUE 3() 2OO? 4r l4Pl'l HP LRSERJET FRX Trulove Excaveting LI,C POBox 667 Ncw Castle, C0 81647 BiI To PluoMcsr John Elrnsre lJl Clubhqrrc Ilr Newqsb,CO 816,17 s7o-ss4-22s6 qqF.fl'-?q %1 lnvoice Dab Et Tt wt tt16 lnvolcc t} Quantig hmk you fbr your tudno*s, I II I I I P-O. No.Tglmg ProFGt T070tr7 Dcrorbthn Edc Amount Ds-epoctccralloo Lqro 3/'0'B.o+d bisc AryhrftPrvtngId ?opRc.Corryact SoIk Tcsrtng Ovcr Excayrtiou {t"comFosl $urcry Senricct 4,400,00 5,0(n.m l,2fiL0o 1,0m.00 6000.Do I,O0O,00 4,400J10 5,000.00 tJo0.00 lJr0o00 6,00q00 1.0().00 Total $rr,600,m 7'd nz,e,t9e60L6 SdoHtSNHOC l.ldEz s I LOOZ OE 3nU Reference #: Amount: Date of Issue: Expiration Date: BENEFICIARY ACC OUNT PARTY/APPlicant : Pinyon Mesa DeveloPment, Inc. P.O. Box 5717 Snowmass Village, CO 81615 Estab li shme nt/Face Amount/Purpose/Expi rati on DatelTran sferab il i ty We hereby establish/issue./open, af the request ofthe Applicant/Account Party, krevocable Standby Lener ol Credit No. 0260521533 h an amount not to exceed One Hundred Thousand Dollars and no/100,s cents ($100,000.00). The purpose of this letter is to secure the Applicant/Account party's performance of and compliance with the Road Right-of-Way Use permittO iszued to appi.*Ue""ount Party and Beneficiary, dated June 13,2006 and titled Road nignt-of-Way Use permttO ("Permit(s) No.(s) GRB08-U62". This Leuer of Credit expires at et[ine Bank, at 3:00 p.m. Vfountain Standard Time on July 1, 2009. This letter is not transferable. Imqrovefirents Covered Trench excavation and backfill for the installation of a phone line and 4 inch gas lhe withinthe County road right-oflway on County Road 114. The installation will serve the new pinyon tuesa Subdivisionl The tengtr of utility installation with the county ROW is 1900 feet along the shoulder of County noaa t t+ and the length of utility installation with the private Row is 1950 feet, Partial Releases partial draws are pennitted. The BOCC may authorize periodic reductions in the face amount of this Letter of iredit llf Bank requires Reducfion Certificates; and, if so authorized, the revised face arnount of the tetter of Credit shall be evidenced by a separate Reduction Certificate, approved and executed by the BOCC or the BOCC's authorized representativeJ' Condttionsfor Payment rc Beneficiary Drafts submitted by Beneficiary must be accompanied by the following documenB: 1. Beneficiary's signed siatement executed by the Chairman of the BOCC or the BOCC's authorized designee stating: pinyon Mesa Develop-Lnt, Inc., holder of Permits(s) No.(s) GRB08-U62 is in default of its obligations set forth in said Perrnit(s)' IRRE,VOCABLE STA}IDBY LETTER OF CREDIT 0260521533 $100,000.00 June 13, 2008 July 1,2009 Board of County Commissioners of Garfield County ('Beneficiary" or ..BOCC") 108 8th Street, Suite 213 Glenwood Springs, CO 81601 Form LOC.doc Page L of 2 John Manin Glenwood Springs, CO l-arry McCown Rifle, CO Trdsi Houpt Glenwood Springs, CO BOARD OF COUNTY COMMISSIONERS May 11,2009 Alpine Bank 600 East Hopkins Avenue Suite 00I Aspen, CO 816i 1 RE: Letter of Credit Number 0260401833 Applicant: Pinyon Mesa Development, [nc. Amount: 5702,320.90 USD Expiration: 04115109 To Whom It May Concern: As required by the attached Letter of Credit we are notifying you that this ktter of Credit is no longer required bythe Board of County Commissioners of Garfield County- This Letter of Credit and all amendments thereto are hereby retuined to Alpine Bank for cancellation. The obligation of Pinyon Mesa Development, Inc. with Garfield County has been completed and we give you our consent to close the Letter of Credit so that Pinyon Mesa Development, Inc.'s liability to the bank is released. Please contact us have any questions OI more information. Enclosure 108 Eighth Street, Suite 213 . Glenwood Springs, CO gl60t (970) 945-5N,1. Fax: (970) 945-775j [, Garfield County Martin, John Manin Glenwood Springs, CO Larry McCown Rifle, CO TrCsi Houpt Glenwood Springs, CO BOARD OF COANTY COMMISSIONERS May 11,2009 Alpine Bank 600 East Hopkins Avenue Suite 001 Aspen, CO 81611 RE: [,etter of Credit Number 0260521533 Applicant: Pinyon Mesa Development, Inc. Amount: $100,000.00 USD Expiration: 07/01109 To Whom It May Concem As required by the attached ktter of Credit we are notifying you that this Letter of Credit is no longer required by the Board of County Commissioners of Garfield County. This Letter of Credit and all amendments thereto are hereby returned to Alpine Bank forcancellation. The obligation of Pinyon Mesa Development,Inc. with Garfield County has been completed and we give you our consent to close the Letter of Credit so that Pinyon Mesa Development, Irc.'s liability to the bank is released. Please contact us if have any questions or information. Enclosure 108 Eighth Street, Suite 213 . Glenwood Springs, CO 81601 (970) %5-50A . Fax: (970) 945-7785 Gaffield County Reference #: Amount: Date of Issue; Expiration Date: BENEFICIARY IRREVOCABLE STANDBY LETTER OF CREDIT 0260521533 $100,000.00 June 13, 2008 July 1,2009 Board of County Commissioners of Garfield County ("Beneficiary'' or ..BOCC") 108 8'r Street, Suite 213 Glenwood Springs, CO 81601 ACC OIINT PARTY/Applicant : Pinyon Mesa Development, Inc. P.O. Box 5717 Snowmass Village, CO 81615 We hereby establistr/issue/open, at the Standby Letter of Credit No. 0260521533 in Estab li shme nt/F'ace Amottnt/Purpose / Exp i ration Ddte lTrdnsfe rub il i ty request of the Applicant/Account Party, krevocable not to exceed One Hundred Thousand 00 The purpose Applicant/Account Party's performance of and compliance with the Road Right-of-Way Use Permit(s) issued to Applicant/Account Party and Beneficiary,dated June 13 of Credit expires atUse Permit(s) ("Permit(s) No.(s) GRB08-U62" Aipine at3 p.m.on 7, 2009. This letter is not transferable. Improvements Covered Trench excavation and backfill for the installation of a phone line and 4 inch gas line within the County road right-of-way on County Road 114. The installation will serve the new Pinyon Mesa Subdivision. The lengtrh of utility installation with the county ROW is 1900 feet along the shoulder of County Road 114 and the length of utility installation with the private ROW is 1950 feet. Partial Releases Partial draws are permitted. The BOCC may authorize periodic reductions in the face af,nount of this Letter of Credit llf Bank requires Reduction Certificates.' and, if so authorized, the revised face amount of the Letter of Credit shall be evidenced by a separate Reduction Certificate, approved and executed by the BOCC or the BOCC's authorized representative]- Conditions fo r P ayme nt t o Ben efi ci ary Drafts submitted by Beneficiary must be accompanied by the follolving documents: 1. Beneficiary's signed statement executed by the Chairman of the BOCC or the BOCC's authorized designee stating: Pinyon Mesa Development, Inc., holder of Permits(s) No.(s) GRB08-U62 is in default of its obligations set forth in said Permit(s). Form LOC.doc Page ! of 2 ^ Alpinc Bank BENEFICIARY:Board of County Commissioners of Garfield County ("Beneficiary'' or ..BOCC") 108 8th Street, Suite 213 Glenwood Springs, CO 81601 APPLICANT: PINYON MESA DEVELOPMENT, INC. 253 SILVERLODE DRTVE ASPEN, CO 81601 We hereby establish, at the request of the Applicant, Irrevocable Standby Letter of Credit No. 0260401133 in an amount not to exceed THIRTY TWO THOUSAND FIVE HLINDRED DOLLARS and ZERO CENTS ($32,500.00). The purpose of this letter is to secure the Applicant's performance of and compliance with the agreement between Applicant and Bineficiary, dated October 1, 2OO7 and titled SUBDIVISION IMPROVEMENTS AGREEMENT. This Letter of Credit expires at ALPINE BANK at 3:00 p.m. Mountain Standard Time on DECEMBER 3 i, 2009. This letter is not transferable. Partiat draws are permitted. The BOCC rnay authorize periodic reductions in the face amount of this Letter of Credit. Drafts submitted by Beneficiarymust be accompanied bythe following documents: 1. Beneficiary's signed statement executed by the Chairman of the BOCC or the B OCC' s authorized desi gnee stating: pINyON MESA DEVELOPMENT, INC., developer of Subdivision is in default of its obligations set forth in that certain Subdivision Improvements Agreement between PINYON MESA DEVEL,OPMENT and the BOCC, dated October 1, 2007, and recorded at Reception Ntrmber 734760 of the Real Estate Records of the Office of the Garfield County Clerk and Recorder' 2. The original Letter of Credit, endorsed on the reverse side with the words: ..Drawn by the Board of County Commissioners of Garfield County, Colorado in the amount requested per draw," manually signed by the Chairman or the BOCC's authorized representative. Reference #: Amount: Date of Issue: Expiration Date: Form LOC.doc R.2 . 07 Aspen IRREVOCABLE STAIIDBY LETTER OF CREIUjDEost Hopkins Avenue. suite 001 AsPen. Colorodo Bl6l'l 970-920-4800 0260401133 Fox 970-920'427 4 $32,500'00LoonFox97o-92o-3781 OCTOBER 5,2007 DECEMBER 31,2009 Page 1- of 2 www,olpinebonk.com This Letter of Credit and amendments, if any, must be returned to us for cancellation by Applicant with a staternent signed by the Beneficiary stating: "This Letter of Credit is no longer reqluired by the BOCC and is hereby returned to the issuing bank for cancellation." ^ Alpine Banlr Reference #: Amount: Date of Issue: Expiration Date: Form LOC.doc R.2.07 BENEFICIARY:Board of County Commissioners of Garfield County ("Beneficia47" or "BOCC") 108 8th Street, Suite 213 Glenwood Springs, CO 81601 APPLICANT PINYON MESA DEVELOPMENT, INC 253 SILVERLODE DRTVE ASPEN, CO 8160I We hereby establish, at the request of the Applicant, Irrevocable Standby Letter of Credit No. 0260401833 in an amount not to exceed ONE HLTNDRED TWO THOUSAND THREE TWENTY DOLLARS and AGREEMENT. This Letter of t expires at ALPINE BANK, at 3:00 p.m. Mountain Standard Time on APRIL 15,2009. This letter is not hansferable. Partial draws are permitted. The BOCC may authorize periodic reductions in the face amount of this Letter of Credit. Drafts submitted by Beneficiary must be accompanied by the following documents: 1. Beneficiary's signed statement executed by the Chairman of the BOCC or the BOCC's authorized designee stating: PINYON MESA DEVELOPMENT, INC., developer of Subdivision is in default of its obligations set forth in that certain Subdivision Improvanents Agreement between PINYON MESA DEVELOPMENT and the BOCC, dated October 1, 2007, and recorded as Reception Number 734760 of the Real Estate Records of the Office of the Garfield County Clerk and Recorder. The original Letter of Credit, endorsed on the reverse side with the words: "Drawn by the Board of County Commissioners of Garfield County, Colorado in the amount requested per draw," manually signed by the Chairman or the BOCC's authorized repres entative. This Letter of Credit and amendments, if any, must be returned to us for cancellation by Applicant with a statement signed by the Beneficiary stating: "This Letter of Credit is no longer required by the BOCC and is hereby returned to the issuingbank for canceliation." 2 IRREVOCABLE STANDBYLETTER OF CRE#pE:r?*"ou,", Avenue. suire 001 Aspen, Colorodo 8l6l l0260401833 ?'"?'3i3_133',^rro $102,320.90 Loon Fox eto-e2o-3781 OCTOBER 5,2007 APRIL 15,2009 Page t af 2 www.olpinebonk.com letter is to secure the Applicant's performance of and compliance with the agreement between dated October 7,2007 S L' / / t. i"tfGt v<,te''t6 ^ AIp ine Bank Reference #: Amount: Date of Issue: Expiration Date BENEFICIARY: Form LOC.doc F'-2.07 APPLICANT PINYON MESA DEVELOPMENT,INC' 253 SILVERLODE DRIVE ASPEN, CO 8]601 we hereby establish, at the request of the Applicant, Irrevocable Standby Letter of credit No. 0260401833 in an amount not to exceed ONg fffrNDRED TWO THOUSAND THREE HUNDREDTWENTYDOLLARSandNINETYCENTS($102,320'90)'Thepurposeofthis letter is to secure the Rpplicant's performance of and compliance with the agreement between Applicant and Beneficiary, dated october l,2oo7 and titled sUBDIVISION IMPROVEMENTS AGREEMENT. This Letter of Credit expires at ALPINE BANK, at 3:00 p'm' Mountain Standard Time on APRIL 15,2009. This letter is not transferable. Partial draws are permitted. The Bocc may authorize periodic reductions in the face amount of this Letter of Credit. Drafts submitted by Beneficiary must be accompanied by the following documents: 1. Beneficiary's signed statement executed by the chairman of the Bocc or the BOCC's authorized designee stating: pIN\/oN MESA DEVELOPMENi, INC., deveioper of subdivision is in default of its obligations set forth in that certain Subdivision Improvanents Agreement bEtWCCN PINYON MESA DEVELOPMENT ANd thE BOCC, dAtcd OCtObET 1' 2007, atdrecorded as Reception Number 734760 of the Real Estate Records of theofficeoftheGarfieldCountyClerkandRecorder. 2. The original I.rtter of Credit, endorsed on the I1u"':". side with the words: "Dra*n"by the Board of Couniy Commissioners of Garfield Cor:nty' Colorado in the amount requested per draw,; manually signed by the Chairman or the BOCC's authorized rePresentative' ThisLetterofcreditandamendments,ifany,mustbereturnedtousforcancellationby Applicant with a statement signed by the Beneficiary stating: "This Letter of Credit is no longer required by the Bocc and is hereby returned to the issuingbank for cancellation'" AsPen IRREVOCABLE STANDBY LETTER OF CREDI,I Eost Hopkins ^YglY'', suite 00r #B?!i,-tirt",jo do 8 I 6 I 1 0260401833 Fox e7o e2o-A274 $102,320.90 Loon Fox elo's2o-3781 OCTOBER 5,2007 APRIL 15,2009 Board of counfy commissioners of Garfield county ("Beneficiary'' or "BOCC") 108 8th Street, Suite 213 Glenwood SPrings, CO 81601 Page L of 2 www,olPinebonk.com ffu /4fA u4,21€*4 Reference #: Amount: Date of Issue; Expiration Date: IRREVOCABLE STANDBY LETTER OF CREI}IT 026052t533 $100,000.00 June 13, 2008 July 1,2009 BENEFICIARY Board of County Commissioners of Garfield County ("Beneficiary" or "BOCC") 108 8'h Street, Suite 213 Glenwood Springs, CO 81601 ACC OUNT PARTY/Applicant : Pinyon Mesa Development, Inc. P.O. Box 5717 Snowmass Village, CO 81615 Estab I i shme nt/F'ace Amount Pu rpose / Exp i rati ok Ddte/Trdn sferab il i ty We hereby establish/issue/open, at the request of the Applicant/ltccount Party, krevocable Standby Letter of Credit No. 0260521533 in an amount not to exceed One Hundred Thousand Dollars and no/100's Cents ($100,000.00). The purpose of this letter is to secure the Appticant/Account Party's performance of and compliance with the Road Right-of-Way Use pinni(O issued to Applicant/Account Party and Beneficiary, dated June 13, 2006 and titled Road Right-of-Way Use Permit(s) ("Permit(s) No.(s) GRB08-U62". This Letter of Credit expires at ,ttpine Banh at 3:00 p.m. Mountain Standard Time on July I, 2009. This letter is not transferable. Improvements Covered Trench excavation and backfill for the installation of a phone line and 4 inch gas line within the County road right-of-vvay on County Road 114. The installation will serve the new Pinyon Mesa Subdivision. The length of utility installation with the county ROW is 1900 feet along the shoulder of County Road 114 and the length of utility installation with the private ROW is 1950 feet. Partial Releases Partial draws are permitted. The BOCC may authorize periodic reductions in the face arnount of this Letter of Credit llf Bank requires Reduction Certificates.' and, if so authorized, the revised face amount of the Letter of Credit shalt be evidenced by a separate Reduction Certificate, approved and executed by the BOCC or the BOCC's authorized representative]- Con dt ttofis Io r P a)nne nt rc Ben efi ci aty Drafts submitted by Beneflciary must be accompanied by the following documents: 1. Beneficiary's signed statement executed by the Chairman of the BOCC or the BOCC's authorized designee stating: Pinyon Mesa Development, Inc-, holder of Permits(s) No.(s) GRB08-U62 is in default of its obligations set forth in said Permit(s)' Eorm LOC.doc Page t of 2 r?e '(€ q ,, ^ Alpinc Bank Reference #: Amount: Date of Issue: Expiration Date Form LOC.doc R.2.07 BENEFICIARY:Board of County Commissioners of Garfield County ("Beneficiary'' or ..BOCC") 108 8th Street, Suite 213 Glenwood Springs, CO 81601 APPLICANT:PINYON MESA DEVELOPMENT, INC. 253 SILVERLODE DRTVE ASPEN, CO 81601 We hereby establish, at the request of the Applicant, Irrevocable Standby Letter of Credit No. 0260401133 in an amount not to exceed THIRTY TWO THOUSAND FIVE HLINDRED DOLLARS and ZERO CENTS ($32,500.00). The purpose of this letter is to secure the Applicant's performance of and compliance with the agreement between Applicant and Beneficiary, dated october 1, 2oo7 and titled SUBDIVISION IMPROVEMENTS AGREEMENT. This Letter of Credit expires at ALPINE BANK, at 3:00 p.m. Mountain Standard Time on DECEMBER 31, 2009. This letter is not transferable. Partial draws are permitted. The BOCC may authorize periodic reductions in the face amount of this Letter of Credit. Drafts submitted by Beneficiary must be accompanied by the following documents: L Beneficiary's signed statement executed by the Chairman of the BOCC or the BOCC' s authorized designee stating: PINYON MESA DE\IELOPMENT, INC., developer of Subdivision is in default of its obligations set forth in that certain Subdivision Improvements Agreement between PINYON MESA DEVELOPMENT and the BOCC, dated October 1, 2007, and recorded at Reception Number 734760 of the Real Estate Records of the Office of the Garfield County Clerk and Recorder' 2. The original Letter of Credit, endorsed on the reverse side with the words: "Drawn by the Board of County Commissioners of Garfield County, Colorado in the amount requested per draw," manually signed by the Chairman or the BOCC's authorized representative. This Letter of Credit and amendments, if any, must be rehrmed to us for cancellation by Applicant with a statement signed by the Beneficiary stating: "This Letter of Credit is no longer required by the BOCC and is hereby returned to the issuing bank for cancellation." AsPen IRREVOCABLE STANDBY LETTER OF CREIE0Eost Hopkins Avenue. Suite 001 Aspen. Colorodo B16l I 970-920-480002604A1J33 F oxeTo-e2o-4274 $32,500.00 Loqn Fox 970-920-3781 OCTOBER 5,2007 DECEMBER 31,2009 Page 1 of 2 www,olpinebonk.com fl.+!.t ii.t$rg 'iH#:J,"H' j',JH,Lil:IJ:l j,H*T;i]'-Tl j'"" PINYON MESA FILING I SUBDIVISION LOCATED TN THE LOS AMIGOS PUD SUBDIVISION IMPROVEMENTS AGREEMENT THIS PINYON MESA FILING I ("Pinyon Mesa") Subdivision, located in the l,os Amigos PUD, SUBDIVISION IMPROVEMENTS AGREEMENT ("Agreement") is made and entered into this LJ(. day of 9cteb<f ,2007, by and between Pinyon Mesa Development, Inc. ("Owner") and the BOARD OF COTINTY COMMISSIONERS OF GARFIELD COLINTY, COLORADO, acting for the County of Garfield, State of Colorado, as a body politic and corporate, directl), or through its authorized representatives and agents ("BOCC"). WHEREAS, Owner is the owner and developer of the Subdivision, which property is depicted on the Final Plat of Pinyon Mesa Subdivision ("Final Plat" or "Final Plat of the Subdivision"); ard WHEREAS, on February 5, 2007 the BOCC, by Resolution No. 2007-04, approved a preliminary plan for the Subdivision which, among other things, would create eighty (80) single-family residential lots ("Preliminary Plan Approval"); and WHEREAS, Owner has submitted to the County for its approval a final subdivision plat ("Final PIat") for the first filing of the subdivision, comprising forty- eight (48) single-family residential lots and two (2) open space/common area parcels; and WHEREAS, as a condition of approval of the Final PIat of the Subdivision, submiued 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 more fully set forth below. NOW, TI{EREFORE, in consideration of the mutual covenants and promises contained herein, the parties agree as follows: L 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, 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 Filing I of the Subdivision, as approved by the Preliminary Plan Approval. Development within futwe phases shall require subsequent approval by the BOCC of subdivision final plats and associated til i T 't'+ r 98516-3 Rducn*o, /' --11.")ut |'er/a F' t n t ? C' Y"\MX^{ir;;!^'(^ii August 1S,2007 Subject; Response to Coloracjo Geological $urvey t-etter, Finyon Mesa, Gadield Cr:unty, Colorado Job lrJu. 07-s511 EIk Mesa ProPerties, Ll-G Attn: Brett Benz*l 217 $pirit Way ln'lew Castle, eolorado 81S47 Attn. Mr. Brett Benzel As requested, we are providing a response to the Co{orado Geological Survey (CGS) Letter dated August 30, 200s (attached). Ground Engineering consultants TGROUND) has been provicling materials testing ancl geotechnical services cluring construction of the project. We have provided a general conforrnance letter for the materials testtng services provided dated August 6, ZCIil7 (attached] stating that materials placed have been in Sfinerai accordance with the prriect p{ans and specifications' We understand the Garfield County is requiring a letter that states the developer has compiled with the recomnrendations provided in the CGS letter and reports prepared HP Geotech' l-.lP Geotech prepared preliminary and supplemental geotechnicai engineering reports and our letter dated January 10,2007 iattaBhed) provides comrnentary on review of tirese r*ports. We have also prepared several letters (attached) during constructiCIn of Fhase .1 with regards to geotechnical issues during so$s{ructisn. tn general, the recomnrendations in the referenceci letter and reports have heen foltowed during oesign and csn$truction of this Brolect. However, geotechnicax for set back of the building envelopes for Lots 73 and ?4 will require a slope stability analysis under a separatB scop8 and fee The evaluation fcrr these lots may require fielding drllling, sarnpling, laboratory testing as well as anaiysls -ffiWffiKWW ffi I l{ft} r$Er'ffi{t{l"dt-t flil{'i:5{"]t^TFtNi li IF'$L' .1 i:1& ". ir"pxrk $r.* t$nit $, $)* Sclx 4S-$, SVp*uu'r. '..)* '11$:l,l f ir+r:* iS]'*,l S?S"*?I* [:xx tii?$] 53$-{}?t } ll),iifr{.: l.{}iliiirJf..}.ii tl;r.6fer"t*** ' il*';tl|.11' r-:* {l'l$ " {''*'r*i*tt:i {"]it"*nl:" r'',,"fr !.s,$f fi ri iul\ii'lil.'"r..ill' il?,'3(}z'30U? 1.5:11? I;'Ali $70 $45 5g'Ifi $Cl[.i.lli[$tiR C0ltD0\ $trY11i{Ldl {i$:.' tfi ? il,JL0itAlt) )!,t.\lli.\iul'{f ii:. \Ai.L]IL\L RES()tiitc}:') i i::;yfrrnoi Rirrr*il $,*,iiij; Erriulre ?;ri.iilrr STATT fiF toLo cfl i:ORABff GEAL9GICAL $URVEY }ep;rti*trt: li liriuriri Rs$o$rfles i31; Sit$riri$i ckeel, R],3ri 715 fenv*r fii .I*i$ii P4:}trdt: : Ji.li oci- j(. . rDI :.i"J-: I 55r)-Z+ll A,.l;:r":si li]" 1il0{r \,1r" Frcu .lan:tat Gariielci Cr"rilnti' njvi ki in-u and Ftr*n::i n g lhp a:1rrr*r : lU!) St S',r**t. Suil.e 4{}i riien*''rN:i Springs. ilO $i$01 {'{;S Lil}t \c. {}A-0]-i}t}ilI ,.-ff}:: ,"r.:11r" 5CS. ,." ).;\rr-,r:\-..1i,r.. Sr;c, l,'ijs^ i.ii;iit, ti,i ,;, ',r r r i..{]ar I f,i"-lil le$'li ;i?r:irtr. tlr ; f eicr i::jil :;iliir i.ie()i,:t:$iIt}-: Pinvtin &{esa Sr"lhdivision Ge*iugit l{azands R*r'iitrv" i \-- ,f il,1 ' l'"'r,,rrrr1.rr,.+r :'r: -iiliil:h .r6r: li.ii ihe .anti r.ix* uppili:;riii-rii r"rie:rilj. .'\i viit:f i'irque-ci al-i,;i ;:1 ac!:ilriii.l:iilt' :'' .i'-t:::i"' i{:il -i:! 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I*rrntliiti,:n l:l*r:r::ls. -ria;i',-':i:-5,aiies. ;-:','-: l-):)i -::lul.ii t:t;;'':i t' Each St Jean firom: J. Brett Benael {bbenze[@lakutacanyr:nranun ctnl] Sent: TuesdaY, JulY 31, ?007 9:11 AM To: Zach St Jean Subject: Ptnyon Mesa C*nformanf;e l-etter Attachy$ents: Cslu Gilo Sur*ey" pdf 7^ rL in my message yesterday vras not acceptable mainlY re ceiveri frn marep rfield statinty til at y0ur y'v that n;dn evefl tiagc { $l nP plican r"-IU ow all a(the MA ntl oned *i nyon Meta L)rD nd wg UE to th ly n d r$letter th olfi"om orado \)gUIU SuC t P kn&e/existed frl ecmrnendati recommendati ons rovided Anyway Counties reply state $the provided II ' the geotech nisa ana by the Colorado (,, "0ond iti0n u reqn1 res that p Geo{ogic I l'r rr etter d lysis prepa hy Geste ch ac well fo low th-" .)IUU H P ated Aug'r$t tn 2006 Le Iter fromvt] ^f t-{P Geotech and Colorado Geologic q urvey d the recomrnendations is requtred." I have attached a revise your lelter accnrdingly. You may alse start there Is no eonfusion on the Csunties part, detailin s recomrne ndatithe by A ppl rca nt in co ttr ply with a\mea$ur*s ta lro n the of pfler from the Colorado s u tng ineering does n0t dem0nstrate ce with rh is cand itio JC letter60rniapl n il PilF the hy that yol-r took over log Survey iease fro m P Gentech $0 ic OU lotter S Hv Sn another *ote, how are you coming with reviewing the Deer Vulley ll materiais ssnt by Colorads Rtver Engineering. We have our meeting wi-itt', town staff l--hursday rnorning and wouid llke to have your report for the nreeting as'rlrey rvill be coming to site to look al the specific lots Sall me wilh anY qt*estions Thanks J" Ilr*tt llenxel Ilr*j**t &{annger l,ukota Canyotl l{nnrh - I}cvelotrtnlent 31? 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" 11j'i;r' llilil ir'llit - :- it ..-,, li,ii- '] id". t1 REQUEST FoR FINAL RELEASE oF LETTER oF CREDIT No. 0260401833 Board of County Commissioners Garfield County, Colorado c/o Fred Jarman, Director 108 Sth Street, Suite 401 Glenwood Springs, CO 81601 RE: Financial Guarantee for Civil Improvements - Pinyon Mesa Filing 1 Subdivision This request ts written to formally notify the BOC C of work completed Pinyon MesafortheFiline I Subdivision located tn the Los Amigos PUD On behalf of the we req uesttheBOCCrevtewtheattachedEngineer' Owner,f and a tullsCertificateoCompletionapprove the Letter of Credi t No.026040 8 3 3 tnI the amount $102.320.90 Attached is the certified original cost estimate and work completed schedule, showing that allimprovements required by the Improvements Agreement andsecured by the Letter of Credithave been completed. of 2 or Plat Approval. If fuither information is needed, please contact Brett Benzel_ , at 379-6904. Owner Also enclosed alre the following,required by the Subdi vlslon Improvements Agreement datedOctoberI2007betweenOwnerandtheBOCC,recorded at Reception No, 734760 at theEstateRecordsoftheGarfieldCountyClerkandRecorder(the "s IA ,r): 1 record drawings bearing stamp o that allthefOwner's Engineer certifying have been constructed accordanc with the requrrements of the IA,both handlne1n and digital format acceptable to the B OCC;and coples of instruments conveying property and other interests which Owner wasreal obligated to convey to the homeowner association other entity at the time finalsfo state: (ltr i^ btt t\ wl County: or me on Owner' My Comnnisson Expires T:\MvFiles\PLANu009 FORMSVOO9 REeUEST FoR FINAL RELEASE Loc.Doc tl st ^ Alpinc Bank IRREVOCABLE STANDBY LETTER " "*#1],T*.ON'"' AVENUE,ite 00.1 Reference #: Amount: Date of Issue: Expiration Date: BENEFICIARY APPLICANT 0260401 833 $102,320.90 ocToBER 5,2007 APRIL 15,2009 Aspen, Colorodo 8l6l I 970-920-4800 Fox 970-920-4274 Loon Fox 970-920-3781 B-oard of County commissioners of Garfield county (.,Benefrciary,,..BOCC') I 08 Sth Sheet, Suite 21 3 Gienwood Springs, CO 81601 PINYON MESA DEVELOPMENT, INC 253 SILVERLODEDRIVE ASPEN, CO 81601 we hereby establish, at the request of the Applicant, Irevocable Standby Letter of creditNo' 0260401833 in an amount not to exceed oNd uuNoRED Two THousAND THREEHUNDRED TWENTY DoLLARS and NINETY- CENTS ($102,320.90). il;;rpose of thisletter is to secure thj Applicant's performance of and compliance with the agreement betweenApplicant and Beneficiary dated october 1,2007 and titledsuBDIVISIoN IMPRoVEMENTSAGREEMENT' This Letter of Credit expires at ALpINE BANK, at 3:00 p.m. Mounrainstandard Time on APRIL rs,2oog. This letter is not rransferable. Partial draws are permitted. The Bocc may authorize periodic reductions in the faceamount of this Letter of Credit. Drafts submitted by Beneficiary must be accompanied by the following docurnents:1' Beneficiary's signed statement executed by the chairman of the Bocc or theBOCC,s authorized designee stating: PINYON MESA DEVELOPMENT, tr',Ic., developer of Subdivision is in defaultof its obligations set forth in that certain'subdivision Improvernents Agreementbetween PINYON MESA DEVELOPMENT and the Bocc, dated october 1,2007, and recorded as Reception Number 734760 of the Real Estate Records ofthe Office of the Garfield County Clerk and Recorder. 2' The original Letter of Credit, endorsed on the reverse side with the words:"Drawn by the Board of County Commissioners of Garfielo couiv, Colorado inthe amount requested per draw,;'manually signed by the Chairman oiflr, BoCC,sauthorized repres entative. This Letter of Credit and amendments, if any, must be returned to us for cancellation byApplicant with a statement signed by the Beneficiary stating; "This Letter of credit is no longerrequired by the BOCC and is hereby retumed to the issuing f,ank for cancellation.,, Form LOC.doc F.-2.07 Page 1 of 2 www,olpinebqnk,com . Iil ffit I I+11 U,\!il {, ftl, tl*l,Hl, Itll liiL llff trU,lll' rl rl ll IReceotion#: 73476,0 rctqei!?@97 @2:@7:4@ lltt Jean Atberjco1 of 32 Rec F€€:9O.00 Doc Fee:0.00 GARFIELD COUNTY,C0 PINYON MESA FILING 1 SUBDIVISION LOCATED IN THE LOS AMIGOS PUD SUBDIYISION IMPROVEMENTS AGREEMENT THIS PINYON MESA FILING I ('?inyon Mesa") Subdivision, locared in theLOS AMigOS PUD, SUBDIVISION IMPROVE},{ENTS AGiTEEMENT ('Ag;;;,;;made and entered into this Llr day of 9c*ob<r ,2007, by Ld b"t*".,Pinyon Mesa Drye^lgngenr-nc. (:'owner',) and the BOARD oF coriNTyCOMMISSIONERS OF GARFIELD iOLINTY, COTONAOO, ACtiNg fOr thE COUNTY OfGarfield, state of colorado, as a body _pgrli; and corporate, directry or through itsauthorized representatives and agents 1,.edCC";. WHEREAS, owner is the o*lg, and deveroper of the subdivision, whichplone{Y is depicted on the Final Plat of Pinyon Mesa subaivision fri"uipruJ or.,r.ioulPlat of the Subdivision',); and WHEREAS, on rebruary 5, 20.07 the Bocc, by Resorution No. zoo!-04,apqroved a preliminary plan for the subdivision which, u*o"g otrr.iil.i-1rg.;*".r-J createeighty (80) single-family residential lots (.'preliminury i;tro approvar,,); and WHEREAS, owner has submitted to the county for its approval a finalsubdivision plat ("Final Plat") for the first filing of the ,uiloiuirion, comprising forty-eight (48) single-family residential lots and two (2") op"n.p*"Loro*on ur.Jp*.itr; una WHEREAS, as a condition of approval of the Final plat of the subdivision,submiued to the Bocc for approval as iequired by the laws of the state of colorado,owner wishes to enter into thii Agreement with the goCc; ura WHEREAS, Owner has agreed to execute and deliver a specific form of collateralto the BocC to secure and guarantee owner's performance under this Agreement andhas agreed to certain restriciions and conditiory *g*a;g the sale of properties andissuance of building permits and certificates of o""ip*"y] ail as more i.,iry ,"i r"nr,below. Now, THEREFoRE, in consideration of the mutual covenauts and promisescontained herein, the par:ties agree as follo\a,s: 1' FINAL PLAT APPROVAL. The-BoCC hereby accepts and approves rhe FiqalPlat of the Subdivision, on the date set forth above, ruu.i."t to iire t"..ns and conditions ofthis Agreement, the preriminary plan Approvar, and ir,. ,"qrir.ments of the Garfierdcounty zoning and .subdivi.sion reguratiory ga *v trlr",l governmenrar or quasi_govemmental regulations applicable to the Subdivision ("Final-plat Approvail. -'Thi, approval authorizes construction and development within Filiig I of the Subdivision, asapproved by the Preliminary Plan Approval. oevelopment viiflrin future ptruses strattrequire subsequent approval by the -nocc of subdivision final plats and associated +" I Firra , ?1 .v<,+2a)2\ 'rir I l$ 't,+ r 985 I 6-3 € ?th 2.t .\t ScHMUESEn I oonoou I ueven 111,(. Nwt Q b ai fit?t r.{(}5 I l 8 w. 6rH, sUnE 2OO GLE',tu,o@ spRtlrGs, co I I eO I 970-945- I OO4 Fx: 97G945-5946 ENOINEEFIS E SURVEYORS September 29,2008 Mr. Fred Jarman, Planning Director Garfield County Planning Department 1OB 8th Sheet Suite 400 Glenwood Springs, CO 81601 RE: Pinvon Mesa Phase I tnfrastructure Dear Fred: Respectively submitted, SCHMUESER GORDON M I 4507 Dean Frincipal ASFEIT P.O. BOx 2t55 asPEN,coBl6ta 970-9?5-A7?7 Fxi e7O-925-4t57 ';$.t:l.j'; LU {1V I rb" P.o, Box 3088 CRESTED BUTTE. co 6 I 224 970-34e-5355 Fx: 970-34+5358 Schmueser Gordon Meyer is the Engineer of Record for Pinyon Mesa phase l. plans andspecifications for the infrastructure work have been prepared under my direction. -' During the construction of the infrastructure for Phase l, SGM provided periodic site inspectionsand general construction over site for the work. Attached hereio are statements from theOwner's Representative, the geotechnicaltesting firm and the contractor involved in the project. .Bas9d on our periodic field observations and thdrepresentations made by the respective partiesinvolved in the construction, to the best of our knowledge, the infrastructui" clmprLi"o has beenconstructed in conformance with the contract documenls prepared by our omce. - - .-r.,*li,l+ll8lt"",-., 1 t P"E; l:\198'l\01S02\F-Lower Bench\03 Final plat-pHl\L2oo8lool - ttr to Fred Jarman.doc fl ! EXHIBIT A PINYON ]UIESA, PHASE ONE SUBDIVISION IMPROVEMENTS AGREEMENT ESTIMATE OF COSTS Item #Unit Quantity Unit Cost Amount Percent Complete . W6tk-- Remaining 1 Lump Sum Mobilization 1 $8,000.00 $8,000.00 100 $o.oo2Yard per Unit Road over excavation/recompact 37,250 $4.25 $158,312.50 1 $0.003YardDirt Work -CuUfill 8,000 $3.85 $30,800.00 100 $0.004Yard per Unit Dirt Work -Qontrolled Filt pit run 11,400 $s.s0 $62,700.00 100 $0.005TonClass 6 Roadbase 2600 $22.50 500.00 100 $0.00 $0.00 o Ton Asphalt Paving 1440 $78.00 $112,320.O0 1007Lump Sum Red Top Scarify and Compact 1 $8,500.00 $8,500.00 100 $0.00ISquare Feet Valleypans and Fillets 2000 $8.50 $17,000.00 100 $0.00 _qq.o0 $0.00 9 Linear Feet Curb and Gutter 6500 $22.80 $148.200.00 10010Linear Feet 2 18"160 $37.75 $6,040.00 10011Linear Feet ADS N.12 24"640 $52.25 $33,440.00 100 $0.0012Linear Feet ADS N-12 36"1340 $o4.50 $86.430.00 100 $0.0013Linear Feet ADS N-12 48"280 $110.30 100 $0.0014Each18" FES 2 .00 .00 1 -- _ *__ $0.00 --. -- $0.00 $0.00 $0.00 15 Each 24" FES 2 $280.00 $560.00 10016Each48" Rip Rap Outlets 1 $1,800.00 $1,800.00 10017EachType C lnlets with over-ex 3 $s,200.00 $15,600.00 10018EachType 1 lnlets with over ex I $3,800.00 $34,200.00 100 $0.0019EachStormSewer lnlets 36" with over-ex 5 $7,000.00 000.00 100 $0.0020EachStormSewer lnlets 48" with over-ex 3 $8,500.00 100 $0.00 $0.00 $0.00 21 Linear Feet $ewer Pipe 8" PVC 3820 $34.00 129 10022Linear Feet Sewer Pipe 8" C900 restrained joint 260 $45.00 $11,700.00 10023EachSewer Service 65 $1,400.00 $91,000.00 100 __$9.00 $0.00 24 Each Sewer Manholes with 2'over-ex 27 $4,s00.00 $121.500.00 10025Linear Feet 8" DIP 3520 $42.00 $147,840.00 100 $0.0026Each8" Water Main Fittirngs 10 $300.00 $3,000.00 100 $0.0027EachValve Box 11 $225.00 $2.475.00 1 __$_0_,0_q $0.00 28 Each Fire Hydrant Assembly 6 $3,600.00 $21,600.00 10029Each8" Gate Valve 11 $1,100.00 $12,100.00 100 $0.0030Each!VA!q Meter and Vault 1 $6,500.00 .00 100 $0.0031EachPRV Vault 1 $50,000.00 $50.000.00 10032EachWater Service 48 $1,000.00 $48,000.00 10033EachSilt Fence 1200 $3.00 600.00 100 $0.0034EachJoint Trench 14000 $6.s0 $91,000.00 100 $0.00 Page 1 EXHIBIT A PINYON MESA, PHASE ONE SUBDIVISION IMPROVETTIIENTS AGREEMENT ESTIMATE OF COSTS Item #Unit Feet Description Quantity Unit Cost Amount Gomplete Remaining 640 $32.00 $20,480.00 100 $0.00 1.s',2'block wall ${,ffi7"96m' Shallow off sile- .00 $0.00 00,000.1 00 TOTAL UT'ilffi3TS $0 7 $25,980.00 100 $10,000.00 100 $25.3s5.00 100 Ad S Soils $60,000o0TOTALSOFTCOSTS $0.00 100 TrlTA 930,79650 Conti 10o/o $r $0.00,t5 Page2 35 Cross Qwest - No Cost to Schmueser Gordon Meyer Engineers & Surveyors 118 West 6th Street, Suite 200- Glenwood Springs, CO 81601 October 7,2008 RE: Pinion Mesa Job#1502F TruIove Excavating LLC has built Pinion Mesa under the plans and specifications designed by Schmueser Gordon Meyer Engineers and Surveyors with the job name,Pinion Mesa, Job Number l5O2F;plans revised,212g/2007. The owner for the above named job has supplied construction observation for theinstallation of utilities. Ground Engineering'Consultants, lnc has been hired by the ownerto prwide soil analysis and_daily compaction reports. Trulove Excavating has substantialcompletion of this job as of April 1, 200g. Sincerely, gy,%,"b'? Ty Trulove Manager Trulove Excavating,LLC 817 coloraclo Ave. suite 202'olenwood springs, co 81601 . (970)92g-0485 . Fax (970)384-2306 $irblect ?SSE G**tschn:cai $erv;ces and lVlaterr.:ls Terting Fir.:r/on il.4e*a ileveiet*rnent. Gadie?d County fioiorado -,lotr Numh*r; SZ-S$11Finyon Mesa ffieveloprnorut, LLffAiln ffir*tt [*sneei 2i i $pirrl Way I'lew Castle fiplcradc *i,6AT Altr:' flr1r, Brct1 Henzmi inis letl#r $L,ffinlaria*$ the nraterlai* i*strng ffir*und f;ngin*eflng c***rr;tantn, inc{ffttfrUNn) ha* perf*rm*d ciuring th* }CI*s neirsrrilction of ti:r pir:yon Mesail*vel*prn*nt tr, *a:{tei# CoLlnty. Co}orado The gfioleflhni*al s*rvices anrj r:rateriaist*strng w*r* *sr{qrnleo a: irrlle$ $cheoulee bv ih* csntracior. t}rrring cor*ir*ctionfri"t*ie&r nr*islule rl*rsriy t*xitr..:g wafl por.r,,]{iic;l;iy perfor"rlled 0fl i*,e util;iy lr*n{:ir hacxliil1a **i*rmtr,e p*r**rs4i il&r.t.1$aflll0i1 an# ir-pl#sfl iltcisii.tf* eont8i:l Sa*e* or: ih* lestr*nultt* iiei# ri:servat1*ns, *nej t* lle he$1 of i:irr tnowieuge rt rs *iii. *Oin;orr i*at :h#rrfi:{irifiif l#Si#d la: ir',* ,*f;lrty tr*n*h #;tc(irii ld0r.* ,ri {l$rrs.g; ACC*rUArCo w,it: *r.*l**l#lar:x *^4 spec,i*aii *ns "l't* i:*$#rru;;1,als ar,,* r,.frl,urraj$ t*$iiit# xs itcir*nl*f: auu,,rry w*i.* f:*d*rn:(]# *#f,iSflicar,Vi: l:'t\v,{;i:: (}iili:t:{t il; fi1+;1r5;1 i)i):"1r";}c1,,:-;_:,r{: {}*t;lll:.;l;:i}f$ i* li$sr$: lr.rr:}.:r i::''.u1 ...r: '^t: '*.: r::.1**.:., rl1,*i;* ;rtl,i.T 1r .,r. ,1.1.,.1,,,i ..fi,.. .i,.; :.,(:ji). ,.,1a>,"....,,i".i :. i;,,,:.r! _.. {'(jil '1"*i:g ;rl :r'] l,''"i-)s i)i i:..' cri:.r'rjJ'i):" ,r,"i.: :r;s'!"fi trr{.} {.:,r -ir;, $,,.rxrJ sr: ,; r*,i,i fi.rfr1r* ait] y 1;tlt\it*i *v*r ln* il*rtrac:or s w*ri{ we were l#t r#${:r0r*ihre inr iheil*.,'iractcr's fll8afis, meth*rjs fitsfijtr*ru$ ie$hriico;*s. or $e*ilenfes *i eonsirlJfli:*rlflfr r*$ilutfl$rbic fot" Co*iracttr i* *arry cnl ihe work lir frf{firdafice l,o,rlr.l lit* cnr:tractcioc*ffsn:ii "l h;s ifrttr*f ra *rly valiri for nrat*ri*i and lab$rffl0ry ieuttng uer{*r-n"rarJ sridcsffBl*t*d for Pn*ss I of the Finyon Mssa Oevelopmont. li y*u i:aue any questions coflcoti.lrr.:g this lettryr $iease cot,,a*l our oflce h1r**r$tv fi r*unri E*ginccring #on.CIulltnnt*" Inc "4'il: , t) It.l !. 1.. i": 'll;*i''a* K !l#;lr:r*r i: [; w ffifrnffiffi WX u tq.{ {5, il{ tr H B, N {S fl ffi t.{ lsu {_.fl ffi fit T.9; I f.,t{: 1*14 A*rFerk ffir., Unir S, F* ffiox dS4, 6ypsa*m , ** &,t63? F{r*oue {S?S} fi*,A-*?hq #fflt* {-pw*ions: fitigtewa*d . #etr**rerc* fi:ity " l**w*ta*# Fax {$7$} #?,4"*"t2'1 w,;rw"6r*un#*,.}#.rell}I " ffr+nh'l. " *ytr:r;r;rrl Finwon Mesa De To:SGM Attn: Debbie Duley From: Brett Benzel Pages: 1 Fax 945-5948 Dater 10/07/08 Re: Pinyon lrrlesa Conformance tr urgent E For Review E prease Gomment E prease Repry E prease Reclrcre Fil( Sincerely, Project Manager Pinyon Mesa LLC GC: To whom it may coficern, As the Pruject Manager for Pinyon Mesa Developmenr LLC, I confirm that based on myobservations and to the best of my knowredge, tr* i*pr.***"ri* in phase r have beenconstructed in accordance with the project prans ancr specincations. PTIvYoN Mnse DTvEtoPMENT LLC 217 Spr*rr WAy I NEtv cAsrLE, cOromoo 8 1,647 | 970.984.3841 | F AX g70.su.g837 www.lakotacanyonranch.com I bbenzelbhkotacanyo**ar..o* BILL OF SALE This BILL OF SALE made this 3 day of e-2008 between PINYON MESADEVELOPMENT, INC., a Colorado corporation ("Grantor"), whose address 253 Silverlode Dr.,Aspen,Colorado 816l l, and ELK SPRINGS HOMEOWNERS ASSOCTATION, INC., (,,G rantee") whoseaddress is,2929 County Road I14, Glenwood Springs, Co lorado 81601 IRWIN YON MESA DEVELOPMENT, INC. NOTARY PUBLI WITNESSETH, that the Grantor, for Ten Dollars ($10.00) and other good and valuableconsideration, the receipt and sufficiency of which is hereby aciinowledged, has remised, released, sold,and quitclaimed, and by these presents does remise, release, sell, and quitclaim unto the Grantee, itssuccessors and assigns,.fore.ver, all the right, title, interest, claim and demand which the Grantor has inand to the following described improveirents..and personat proferty, situate, lying and being in thecounty of Garfield and State of cororado, described as foilows:' The main water line, water facilities, and any appurtenant improvementsleading into the PRV Master vault and Master Meter vault, together withthe PRV Master Valve and Master Meter, located in the publif rights-of-way shown on Firing r, pinyon Mesa Subdivision in t'he Los i;rg*P'U.D., as shown and described on the final plat thereof recorded in iheoffice of the carfierd county crerk and ,r"ord", on 2007,as ReceptionNo. 73476t. To HAVE AND To HoLD the same, together with all and singular the appurtenances andprivileges thereunto belonging or in anywise theieurito upp"nuining, and all the estate, right, title, interestand claim whatsoever, of the Grantor, iither in law or .qrity, a it.%"rv proper use, benefit and behoof ofthe Grantee, its successors and assigns forever. IN WITNESS WHEREoF, the Grantor has executed this Bill of Sale on the day set forth above. ATE O STATEOFCOLORADO ) couNrY o. ),h*. l"' By o hesident bpr' ng Bill of Sale was acknowledged, signed and sworn to before me thisad day of2008 by John Elmore, president of pinyon Mesa Developr."r, f"".-- The foregoi .tmhr,nr Witness my hand and oflicial seal My commission expires: OX.L, 2-cl.t_ N lc ST 0 BILL OF SALE This BILL OF SALE made this ?day of e- e-2008 between PINYON MESA DEVELOPMENT, [NC., a Colorado corporation ("Grantor"),whose address 253 Silverlode Dr., Aspen, Colorado 8l6ll, and PINYON MESA HOMEOWNERS'ASSOCIATION, INC., ("Crantee") whose address is, P.O. Box 5717, Snowmass Village, Colorado gl6l 5 WITNESSETH, that the Grantor, for Ten Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, has remlsed, released, sold, and quitclaimed, and by these presents does remise, release, sell, and quitclaim unto the Crantee, its successors and assigns, forever, all the right, title, interest, claim and demand which the Grantor has in 1! to the following described real propeny, improvements, and personal property, situate, lying and being in the county of Garfield and State of cororado, described as follows: All main water lines, water facilities, distribution facilities, and any appurtenant improvemelrts leaving from the master PRV vault and master meter vault and located in the public rights-of-way shown on Filing l, Pinyon Mesa Subdivision in the Los Amigos p.u.o., as shown -ani described on the final plat thereof recorded in the Office of the Garfield County Clerk and recorder on2007,as Reception No.734761. To HAVE AND To HOLD the same, together with all and singular the appurtenances andprivileges thereunto belonging or in anywise thereunio appertaining, and all ihe estate, r'ight, title, interest and claim whatsoever, of the Grantor, either in law or equity, to the only proper use, beneifit and behoof ofthe Crantee, its successors and assigns forever. lN wlTNEsS WHEREOF, the Grantor has executed this Bill of Sale on the day set forth above. JENNIFE R IRWIN NOTARY PUBLI C ST A T,E o F co LORADO YON MESA DEVELOPMENT, INC. \2 By President STATE OF COLORADO COUNTY OF?rlV,r1 Witness my hand and official sea[. My commission expires: o$.lb LnV 12 ) )ss. ) \ _ The foregoing Bill of Sale was acknowledged, signed and swom to before me this klLday of Dgr p lrrtnear , 2008 by John Elmore, president of pinyon Mesa Development, Inc. ' lic Blt l or Salo nNn WanRANTy KNOW ALL PEOPLE BY THESE PRESENTS that Ptxyox Mnsl DBvmopruunr,INc. (hereinafter "Developer'), for the sum ofTen Dollars ($ 10.00) together with other good and valuable consideration paid, the receipt ofwhich is hereby acknowledged, does dedicate, cJnvey and transferto the spnruc varrpv seururrox l)rsrnlcr, P. o. Boi 3796, Basalt, colorado g162l, thefollowing described chattels, namely: Those public utility improvements shown on the "As Built Utility plans" preparedby Bookcliff survey services, Inc., dated September g, 200g, for ninyon 'lr,[esa Subdivision' Phase I, which Plans are on record in the office of Spring v"ii;t Sanitation District, including those sewer main lines and manholes strown-tt ereon. Developer covenants and warrants that it is the lawful owner ofthe chattels described above;that they are free from all encumbrances; that it has the right to convey these chattels; that it willdefend these chattels against the lawful claims and demands of all plrronr; and thai the publicimprovements shall be fue of anydefects in materials orworkma"rhi ftil.il;i"n(l) yearfrom the date hereof. , Dated this 3 a^, or Dzcnr- L-.2008. PINYON , II\IC. 2 SecretarySTATE OF COLORADO N, ss. ) ) )couNry ort$Uirf_ The foregoing instrument was acknowledged before me this 3,rri day of \e(xadlgd,2008, by Kjell vanghagen as secretary of pinyon Mesa Develop,oTnt, Io.. Witness my hand and official seal. My commission expires o<.L5.zotL c;iclicnt\Elmorc\Pinyon Mcsa Dcvclopnrcn!\Biil ofsnlc fronr Jrme* Ncu w Rcvirions r027o8.wpd IBWIN PUBLIC