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HomeMy WebLinkAbout11. Supplemental Declaration - Amending Open Space ParcelFOURTH SUPPLEMENTAL DECLARATION TO THE DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR SPRINGRIDGE RESERVE SUBDIVISION THIS FOURTH SUPPLEMENTAL DECLARATION TO THE DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR SPRINGRIDGE RESERVE SUBDIVISION ("Fourth Supplemental Declaration") is made and entered into this day of , 2017, by the members of the SPRINGRIDGE RESERVE HOMEOWNERS ASSOCIATION ("Association"). RECITALS WHEREAS, Springridge Reserve ("Subdivision") comprises the property described in the Phase 1, 2, 3, and 4 Subdivision plats recorded at Reception Nos. 681074, 686581, 730251, and 746495, respectively, in the real property records of the Clerk and Recorder of Garfield County, Colorado ("Property"); and WHEREAS, the Property is subject to the Declaration of Covenants, Conditions and Restrictions for Springridge Reserve Subdivision recorded in Book 1720 at Page 731, Reception No. 6810, of the real property records of the Clerk and Recorder of Garfield County, Colorado ("Master Declaration"); and WHEREAS, the Property includes an open space parcel known as Parcel A that is shown and described on the Subdivision Phase 1 plat ("Open Space Parcel"); and WHEREAS, pursuant to Section III(4) of the Master Declaration, the Association owns the Open Space Parcel, which is part of the Subdivision's common elements; and WHEREAS, the Open Space Parcel is subject to a conservation easement that benefits the Aspen Valley Land Trust ("AVLT"); and WHEREAS, the Open Space Parcel is adjacent to a parcel of land outside the Subdivision known as Parcel 11, Faranhyll Ranch, 5744 County Road 117, Glenwood Springs, Garfield County, Colorado ("Niemeyer Parcel"), that is owned by Andy and Shirley Niemeyer; and WHEREAS, the Niemeyer Parcel is also subject to an AVLT conservation easement; and WHEREAS, a recent survey of the Niemeyer Parcel revealed that, due to a surveying error, the residence owned by the Niemeyers and thought to be located on the Niemeyer Parcel is in fact located entirely within the Open Space Parcel; and WHEREAS, to correct the error, the Association, Niemeyers, and AVLT entered into an agreement whereby (a) the Association would exchange with the Niemeyers a 5 -acre portion of the Open Space Parcel containing the residence for an undeveloped 5 -acre portion of the Niemeyer Parcel to become part of the common elements for the Association and (b) AVLT would amend its conservation easements following the land exchange to reflect the new legal description; (the "Transaction"); and 1660586_2 1 WHEREAS, pursuant to C.R.S. §§ 38-33.3-302(h) and -312, sixty-seven percent (67%) of the Association members had to approve the Transaction; and WHEREAS, at a duly -noticed special meeting of the members of the Association held on May 31, 2017, the requisite percentage of members approved the Transaction; and WHEREAS, this Fourth Supplemental Declaration is intended to memorialize the closing of the Transaction as approved by the members; and WHEREAS, the deeds effectuating the Transaction were recorded in the Garfield County real property records at Reception Nos. , , and , and WHEREAS, the amended legal description of the Open Space Parcel is set forth in Exhibit A hereto; and WHEREAS, the Open Space Parcel amended plat was recorded on , 2017, in the Garfield County real property records at Reception No. , which is incorporated herein by this reference. NOW, THEREFORE, the Association, by and through its members, hereby declares as follows: 1. General. The terms and conditions of this Fourth Supplemental Declaration shall be in addition, and supplemental, to the terms and conditions contained in the Master Declaration, the Supplemental Declaration, the Second Supplemental Declaration, and the Third Supplemental Declaration. All of the above Recitals are true and are incorporated into the terms of this Fourth Supplemental Declaration. 2. Open Space Parcel Amendment. The Open Space Parcel, as amended by the Transaction and shown in the Open Space Parcel amended plat, shall be held, sold, and conveyed subject to the Master Declaration, which shall run with the land and be binding upon all persons and their entities (and their heirs, personal representatives, successors, and assigns) now or later having any right, title, or interest in all or any part of the Open Space Parcel. 3. Severability. Invalidation of any portion of this instrument for any reason shall in no way affect the remainder of it, which shall remain in full force and effect. 1660586_2 SPRINGRIDGE RESERVE HOMEOWNERS ASSOCIATION By John Currier, President 2 STATE OF COUNTY OF Acknowledged, subscribed, and sworn to before me this day of 2017, by John Currier, President of Springridge Reserve Homeowners Association. WITNESS my hand and official seal. My Commission expires: 1 1660586_2 Notary Public EXHIBIT A Amended Open Space Parcel Legal Description PARCEL A, AS SHOWN ON THE FINAL SUBDIVISION PLAT FOR SPRINGRIDGE RESERVE P.U.D., PHASE 1, RECORDED ON AUGUST 25, 2005, AS RECEPTION NO. 681074 OF GARFIELD COUNTY, COLORADO RECORDS; EXCEPTING THEREFROM THE FOLLOWING DESCRIBED PARCEL OF LAND: BEGINNING AT THE SOUTHEAST CORNER OF LOT 8 OF SECTION 10, TOWNSHIP 7 SOUTH, RANGE 89 WEST OF THE SIXTH PRINCIPAL MERIDIAN, COUNTY OF GARFIELD, STATE OF COLORADO; THENCE N 0°32'29" W, ALONG THE EASTERLY LINE OF SAID LOT 8, A DISTANCE OF 460.51 FEET; THENCE DEPARTING EASTERLY LINE OF SAID LOT 8 N 89°48'29" E PARALLEL WITH THE SOUTHERLY LINE OF SAID SECTION 10, A DISTANCE OF 473.00 FEET; THENCE S 00°32'29" E PARALLEL WITH THE EASTERLY LINE SAID LOT 8, A DISTANCE OF 460.51 FEET TO A POINT ON THE SOUTHERLY LINE OF SAID SECTION 10; THENCE S 89°48'29" W 473.00 FEET ALONG SAID SOUTHERLY LINE OF SAID SECTION 10 TO THE POINT OF BEGINNING, CONTAINING 217,816 SQ. FT. OR 5.00 ACRES MORE OR LESS; TOGETHER WITH THE FOLLOWING DESCRIBED PARCEL OF LAND: A PARCEL OF LAND SITUATED IN PARCEL 11 OF FARANHYLL RANCH RECEPTION NO. 502929 IN SECTION 15, TOWNSHIP 7 SOUTH, RANGE 89 WEST OF THE SIXTH PRINCIPAL MERIDIAN, COUNTY OF GARFIELD, STATE OF COLORADO SAID PARCEL BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE NORTH 1/4 CORNER OF SAID SECTION 15; THENCE S 00°37'33" E A DISTANCE OF 459.54 FEET; THENCE S 89°48'29" W PARALLEL WITH THE NORTHERLY LINE OF SAID SECTION 15, A DISTANCE OF 474.00 FEET; THENCE N 00°37'33" W, A DISTANCE OF 459.54 FEET TO THE NORTHERLY LINE OF SAID SECTION 15; THENCE N 89°48'29" E ALONG SAID NORTHERLY LINE OF SAID SECTION 15, A DISTANCE OF 474.00 FEET TO THE POINT OF BEGINNING, CONTAINING 217,816 SQ FT, 5.00 ACRES MORE OR LESS. 1660586_2 4