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HomeMy WebLinkAbout9.0 Exhibits - SIA Final Request for Release of Letter of Credit 10.02.2017Board of County Commissioners, October 2, 2017 Exhibits — Velasquez Minor Subdivision — Subdivision Improvements Agreement Final Request for Release of Letter of Credit Exhibit Number Exhibit 1 Staff Memo to Board of County Commissioners -- Subdivision Improvements Agreement Final Request for Release of Letter of Credit 2 Acknowledgement of Final Satisfaction and Direction to Release Funds Related to Letter of Credit 3 Request for Final Release of Letter of Credit and As -Built Drawings signed and sealed by Roger Neal, PE 4 Letter from Robert Clay Velasquez and Tina Kim Velasquez dated September 19, 2017 certifying that the disturbed areas have been revegetated according to Plat Note #10 5 Velasquez Minor Subdivision - Subdivision Improvements Agreement Recorded on April 7, 2017 (Reception Number 891030) 6 Velasquez Minor Subdivision — Plat Recorded on April 7, 2017 (Reception Number 891027) 7 8 9 10 EXHIBIT Memo To: Board of County Commissioners From: David Pesnichak, Senior Planner Date: 10/2/17 Re: Velasquez Minor Subdivision Improvements Agreement Final Request for Release of Letter of Credit On April 3, 2017 the Board of County Commissioners approved a final plat and Subdivision Improvements Agreement ("SIA") for the Velasquez Minor Subdivision ("Subdivision"). The Subdivision of the property required certain improvements that were memorialized in an SIA and secured with Letter of Credit held by Alpine Bank. The Applicant has requested a final release of the Letter of Credit and they have adequately demonstrated completion of the remaining required improvements by the seal of a licensed engineer certification regarding the completion of the required improvements. A final release of security for public improvements requires the Applicant submit additional information including: 1. Record drawings bearing the stamp of Owner's engineer certifying that all Subdivision Improvements have been constructed in accordance with the requirements of this SIA, including all Final Plat Documents; and, 2. Written documentation that the disturbance from installation of improvements have been revegetated as identified in Plat Note #10 identified on the Subdivision Final Plat; and, 3. A Written Request for Final Release of Security, in the form attached prescribed by the SIA, along with Owner's engineer's stamp and certificate of final completion of the Subdivision improvements. The County is in receipt of the required information and therefore Staff recommends approval of the request and authorization for the Chairman to sign the 'Acknowledgement of Final Satisfaction and Direction to Release Funds Related to Letter of Credit" for the release of $10,120 to Robert Clay Velasquez and Tina Kim Velasquez. 1 ACKNOWLEDGMENT ACKNOWLEDGMENT OF FINAL SATISFACTION AND DIRECTION TO RELEASE FUNDS RELATED TO LETTER OF CREDIT Recitals EXHIBIT D 2 - 1. Tina Kim Velasquez, Robert Clay Velasquez, Robert Lee Beasley, and Ida Mae Beasley entered into a Subdivision Improvements Agreement ("SIA") with the Board of County Commissioners of Garfield County, Colorado ("BOCC") dated March 10, 2017 recorded on April 7, 2017 at Reception Number 891030 and amended by the BOCC on October 2, 2017 recorded on October _, 2017 at Reception Number at in the records of the Garfield County Clerk and Recorder. 2. Collateral for the public improvements for the SIA in the amount of $10,120 is held by Alpine Bank pursuant to a Letter of Credit recorded on April 7, 2017 at Reception Number 891030 in the records of the Garfield County Clerk and Recorder ("Exhibit C of Velasquez Minor Subdivision Improvements Agreement"). 3. Tina Kim Velasquez has presented certification to the BOCC from a licensed engineer that the construction of Improvements have occurred in accordance with the SIA for the Velasquez Minor Subdivision and requests that the collateral amount be released based upon the final completion. 4. Tina Kim Velasquez has presented certification to the BOCC that all disturbance from installation of improvements have been revegetated as per Plat Note #10 of the Velasquez Minor Subdivision Plat recorded at Reception Number 891027. Acknowledgment NOW THEREFORE, at the request of Robert Clay Velasquez and Tina Kim Velasquez and in consideration of the premises and the prior agreements contained in the SIA and Letter of Credit, the BOCC hereby: 1. Acknowledges final satisfaction of the security requirements of the SIA based upon the documentation provided by Tina Kim Velasquez; and, 2. Authorizes final disbursement of funds from the Letter of Credit in the amount of $10,120; and, 3. Authorizes and directs Alpine Bank to release the funds held in the Letter of Credit to Robert Clay Velasquez and Tina Kim Velasquez. Page 1 of 2 BOARD OF COUNTY COMMISSIONERS ATTEST: OF GARFIELD COUNTY, COLORADO Clerk to the Board By: John Martin, Chairman Date: Page 2 of 2 . a.0 EXHIBIT REQUEST FOR FINAL RELEASE OF LETTER OF CREDIT Board of County Commissioners Garfield County, Colorado c/o Director of Building and Planning 108 8th Street, Suite 401 Glenwood Springs, CO 81601 RE: VELASQUEZ MINOR SUBDIVISION This request is written to formally notify the BOCC of work completed for the VELASQUEZ MINOR SUBDIVISION. On behalf of the Owner, we request that the BOCC review the attached Engineer's Certificate of Completion and approve a full release of the letter of Credit in the amount of $10,120.00 Attached is the certified original cost estimate and work completed schedule, showing that all improvements required by the Subdivision Improvements Agreement and secured by the letter of Credit have been completed. Also enclosed are the following, required by the Subdivision Improvements Agreement dated March 10, 2017, recorded at Reception Number 891030 at the Real Estate Records of the Garfield County Clerk and Recorder as Amended by the First Amendment to Subdivision Improvements Agreement dated OCfZi Zo/(collectively "SIA"): 1. Record drawings bearing the stamp of Owners' Engineer certifying that all improvements have been constructed in accordance with the requirements of the SIA, both in hand copy and digital format acceptable to the BOCC; and 2. Copies of instruments establishing easements and other interests which Owners were obligated to produce at the time of final Plat Approval. If further information is needed, please contacte00eal p acE , at g7o-/V -P67( Owner Or Owners' ' - presentative/Engineer EXHIBT B <<. 1r CIVIL ENGINEERING IJLND SURVEYING ENGINEERS ESTIMATE OF PROBABLE PUBLIC COSTS Date: 11-10-16 RE: Velasquez Water System Estimated improvements include: Well pump and well pipe - $3000 Purecore piping from well house and tank 140' $30/ft. - $4200 Electrical work from house to well pump - $500 Pressure tank and switch in house - $1500 Total Estimated Cost of improvements: $9,200 •-I- 10 % �� )0_3 tp Prepared by Roger Neal, PE 1517 BLAKE AVENUE, SUITE 101 GLENWOOD SrRINOR, CO 61601 9706468676 • rHONE 970048,2855 • FAX W W W.NCEN6.cOM Cored c/c)/7 I.\ 1 // iRR• o/Tcy i, i / / --.(ryp \/ / I J 1 /\ .l /I/ / / \ / A0'°' V 1 / \ PERMITTED FOR FOR AUGMENTATION AND AND FRE \ /EXISTING 15,000 GALLON, FIBERGLASS BURIED TANK Ak ( \ `( 1 SUPPRESSION \ 1 / I 1 I 1 \ \ \ / 11 \ / \ QQ R.T. \1 REY: EXHIBIT a September 19, 2017 Garfield County Community Development Department 108 81h Street, Suite 401 Glenwood Springs, CO 81601 To Whom It May Concern: The area that was disturbed by the installation of the water lines has been reseeded at 3064 County Road 113, Carbondale, CO for the Velasquez Minor Subdivision according to the Plat Note #10. Thanks, Robert Clay Velasquez; , CZ C Tina Kim Velasquez -Y`V\ ! t IAA �= -� ■III I�����'l.�� lJ l4 � G+lr1�! �'��l°�rl+� �'� I`'� l4�+�i��L \'i� II III Reception#; 891030 04/07/2017 11:03:12 AM Jean fllberico 1 of 14 Rec Fee:$78.00 Doc Fee:0.00 GARFIELD COUNTY CO VELASQUEZ MINOR SUBDIVISION IMPROVEMENTS AGREEMENT THIS VELASQUEIZZ�,i INOR S BDIVISION I IPROVEMENTS AGREEMENT (SIA) is made and entered into this /0 day of f i by and between TINA KIM VELASQUEZ AND ROBERT CLAY VELASQUEZ AND ROBERT LEE BEASLEY AND IDA MAE BEASLEY (Owners) and the BOARD OF COUNTY COMMISSIONERS OF GARFIELD COUNTY, COLORADO, acting for the County of Garfield, State of Colorado, as a body politic and corporate, directly or through its authorized representatives and agents (BOCC). Recitals Owner is the owner and developer of the Velasquez Minor Subdivision (the "Subdivision"), which property is depicted on the Final Plat of Velasquez Minor Subdivision. The real property subject to this SIA is described in that Final Plat, recorded at Reception Number 8E110 2 7 of the real estate records of Garfield County, Colorado and incorporated by this reference. On February 10, 2017, the Director of Community Development approved the Velasquez Minor Subdivision, Garfield County File Number MISA-10-16-8496 with conditions. The subdivision would create 2 single-family residential lots. As a condition precedent to the approval of the Final Plat submitted to the BOCC as required by the laws of the State of Colorado and by the Garfield County Land Use and Development Code, as amended (LDDC), Owner wishes to enter into this SIA with the BOCC. Owner has agreed to execute and deliver a letter of credit or other security in a form satisfactory 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 within the subdivision, all as more fully set forth below. NOW, THEREFORE, in consideration of the foregoing recitals and the mutual covenants and promises contained herein, the BOCC and Owner (Parties) agree as follows: Agreement 1. FINAL PLAT APPROVAL. The BOCC hereby accepts and approves the Final Plat of the Subdivision, on the date set forth above, subject to the terms and conditions of this SIA, the Preliminary Plan Approval, and the requirements of the LUDC and any other governmental or quasi -governmental regulations applicable to the Subdivision (Final Plat Approval). Recording of the Final Plat in the records of the Garfield County Clerk and Recorder shall be in accordance with this S1A and at the time prescribed herein. 2. OWNERS PERFORMANCE AS TO SUBDIVISION IMPROVEMENTS. a. Completion Date/Substantial Compliance. Owner shall cause to be constructed and installed the subdivision improvements, identified in section 4 "water Supply" and as shown on the the Exhibits defined in subparagraph 2.a.i., below (Subdivision Improvements) at Owner' s expense, including payment of fees required by Garfield County and/or other governmental and quasi -governmental entities with regulatory jurisdiction over the Subdivision. Any disturbance from installation of improvements shall be revegetated as noted in Plat not #10. The Subdivision Improvements shall be completed on or before the end of the tirst toil year following execution of this SIA (Completion Date@), in substantial compliance with the following: Plans marked Approved for Construction for all Subdivision 1'� ■III liraCilif4:I151,',N X111111.:M 11 III Reception#: 891030 04107/2017 11:03:12 AM Jean Alberico 2 of 14 Rec Fee:$7E.00 Doc Fee:0.00 GARFIELD COUNTY CO Improvements prepared by High County Engineering and submitted to the BOCC on AyRtL , 20 V7 , such plans being summarized in the list of drawings attached to and made a part of this SIA by reference as Exhibit A; 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 SIA by reference as Exhibit B, which estimate shall include an additional 10% percent of the total for contingencies; and all other documentation required to be submitted along with the Final Plat under pertinent sections of the LUDC (Final Plat Documents). H. All requirements of the Preliminary Plan Approval. iii. All laws, regulations, orders, resolutions and requirements of Garfield County and all special districts and any other governmental entity or quasi -governmental authority (ies) with jurisdiction. iv. The provisions of this SIA. b. Satisfaction of Subdivision Improvements Provisions. The BOCC agrees that if all Subdivision Improvements are constructed and installed in accordance with this paragraph 2; the record drawings have been submitted upon completion of the Subdivision Improvements, as detailed in paragraph 3(c), below; and all other requirements of this SIA have been met, then the Owner shall be deemed to have satisfied all terms and conditions of the Preliminary Plan Approval, the Final Plat Documents and the LUDDC, with respect to the installation of Subdivision Improvements. 3. SECURITY FOR SUBDIVISION IMPROVEMENTS (EXCEPT RE -VEGETATION). Subdivision Improvements Letter of Credit and Substitute Collateral. As security for Owner's obligation to complete the Subdivision Improvements Owner shall deliver to the BOCC, on or before the date of recording of the Final Plat of the Subdivision, a Letter of Credit in the form agreed to be acceptable to the BOCC, attached to and incorporated in this SIA by reference as Exhibit C (LOC) or in a form consistent with the Uniform Commercial Code, C.R.S. § 4-1-101, et seq. and approved by the BOCC. The LOC shall be in the amount of $10,120, representing the full estimated cost of completing the Subdivision Improvements, with a sufficient contingency to cover cost changes, unforeseen costs and other variables (not less than 10% of the estimated cost and as approved by the BOCC), the cost of Subdivision Improvements already completed as of the date of execution of this SIA, i.e. $( reduced amount )j, as set forth and certified by Owner's Engineer on Exhibit B , to guarantee completion of the Subdivision Improvements. The LOC shall be valid for a minimum of six (6) months beyond the Completion Date for the Subdivision Improvements set forth in Paragraph 2.a., above. The BOCC, at its sole option, may permit the Owner to substitute collateral other than a Letter of Credit, in a form acceptable to the BOCC, for the purpose of securing the completion of the Subdivision Improvements subject of this Paragraph 3.a. 1. LOC Requirements and Plat Recording. The LOC required by this SIA shall be issued by a state or national banking institution acceptable to the BOCC. if the institution issuing the LOC is not licensed in the State of Colorado and transacting business within the State of Colorado, the LOC shall be confirmed within the meaning of the Uniform Commercial Code, Letters of Credit, 4-5-101, et seq., C.R.S., as amended, by a bank that is licensed to do business in the State of Colorado, doing business in Colorado, and acceptable to the BOCC. The LOC shall state that presentation of drafts drawn under the LOC shall be at an office of the issuer or confirmer located in the State of Colorado. ■III te.riniVJill MIA 11111 Reception#: 891030 04/07!2017 11:03:12 AM Jean Rlberico 3 cf 14 Rec Fee:$78.00 Doc Fee:0,00 GARFIELD COUNTY CO 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. 2. Extension of LOC Expiration Date. If the Completion Date, identified in paragraph 2.a., above, is extended by a written amendment to this SIA, the time period for the validity of the LOC shall be similarly extended by the Owner. For each six (6) month extension, at the sole option of the BOCC, the face amount of the LOC shall be subject to re- certification by Owner's Engineer of the cost of completion and review by the BOCC. 3. Unenforceable LOC. Should the LOC expire or 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 Subdivision Improvements, this SIA shall become void and of no force and effect and the Final Plat shall be vacated pursuant to the terms of this SIA. 4. Partial Releases of Security. Owner may request partial releases of the LOC, and shall do so 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 by this reference as Exhibit D, accompanied by the Owner's Engineer's stamped certificate of partial completion of improvements. The Owner's Engineer's seal shall certify that the Subdivision Improvements have been constructed in accordance with the requirements of this SIA, including all Final Plat Documents and the Preliminary Plan Approval. Owner may also request release for a portion of the security upon proof that 1) Owner has a valid contract with a public utility company regulated by the Colorado Public Utilities Commission 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 as portions of the Subdivision Improvements, dealt with in this Paragraph 3, are certified as complete to the BOCC by the Owner's Engineer and said certification is approved by the BOCC. 5. BOCC's Investigation. 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 Subdivision Improvements certified as complete to determine whether or not they have been constructed in compliance with relevant specifications, as follows: a. If no letter of potential deficiency is furnished to Owner by the BOCC within fifteen (15) business 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 Subdivision Improvements certified as complete shall be deemed approved by the BOCC, and the BOCC shall authorize release of the appropriate amount of security. b. If the BOCC chooses to inspect and determines that all or a portion of the Subdivision Improvements certified as complete are not in compliance with the relevant specifications, the BOCC shall furnish a letter of potential deficiency to the Owner, within fifteen (15) business 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. c. If a letter of potential deficiency is issued identifying a portion of the certified Subdivision Improvements as potentially deficient, then all Subdivision Improvements not identified as potentially deficient shall be ■IIINear: Ea:L< filhAl1jdinlia 11111 Reception#: 891030 04(07/2017 11:03:12 AM Jean Alberioo 4 of 14 Rec Fee:$70.00 Doc Fee -0.00 GARFIELD COUNTY CO deemed approved by the BOCC, and the BOCC shall authorize release of the amount of security related to the Subdivision Improvements certified as complete and riot identified as potentially deficient. d. With respect to Subdivision Improvements identified as potentially deficient in a letter of potential deficiency, the BOCC shall have thirty (30) days from the date of the letter to complete the initial investigation, begun under subparagraph 3.f.ii., above, and provide written confirmation of the deficiency(ies) to the Owner. e. If the BOCC finds that the Subdivision Improvements are complete, in compliance with the relevant specifications, then the appropriate amount of security shall be authorized for release within ten (10) business days after completion of such investigation. 6. BOCC Completion of Improvements and Other Remedies. If the BOCC finds, within the thirty (30) day period of time, defined in subparagraph 3.f.iv. above, that the Subdivision Improvements are not complete, or if the BOCC determines that the Owner will not or cannot construct any or all of the Subdivision Improvements, whether or not Owner has submitted a written request for release of LOC, the BOCC may withdraw and employ from the LOC such funds as may be necessary to construct the Subdivision Improvements in accordance with the specifications, up to the face amount or remaining face amount of the LOC. In such event, the BOCC shall make a written finding regarding Owner's failure to comply with this SIA prior to requesting payment from the LOC, in accordance with the provisions of Article 13 of the LUDC. In lieu of or in addition to drawing on the LOC, the BOCC may bring an action for injunctive relief or damages for the Owner's failure to adhere to the provisions of this SIA regarding Subdivision Improvements. The BOCC shall provide the Owner a reasonable time to cure any identified deficiency(ies) prior to requesting payment from the LOC or filing a civil action. 7. Final Release of Security. Upon completion of all Subdivision Improvements, Owner shall submit to the BOCC, through the Community Development Department: 1) record drawings bearing the stamp of Owner's Engineer certifying that all Subdivision Improvements: have been constructed in accordance with the requirements of this SIA, including all Final Plat Documents and the Preliminary Plan Approval, in hard copy and digital format acceptable to the BOCC; 2) copies of instruments conveying real property and other interests which Owner is obligated to convey to the Homeowner's Association of the Subdivision at the time of Final Plat Approval; 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 stamp and certificate of final completion of improvements. a. The BOCC shall authorize a final release of the LOC after the Subdivision Improvements are certified as final to the BOCC by the Owner's Engineer and said final certification is approved by the BOCC. If the BOCC finds that the Subdivision Improvements are complete, in accordance with the relevant specifications, the BOCC shall authorize release of the final amount of security, within ten (10) business days following submission of the Owner's Written Request for Final Release of LOC accompanied by the other documents required by this paragraph 3.h. b. Notwithstanding the foregoing, upon Owner's Written Request for Final Release of LOC, accompanied by Owner's Engineer's certificate of final . 1111r.r1una43 illiiN.INIVA',1141/Vitlif 4D'Ytilh III IiI Reception#: 891030 0410712017 11:03:12 AM Jean Alberico 5 of 14 Rec Fee:VR .00 Doc Fee:O.00 GARFIELD COUNTY CO completion of improvements, the BOCC may inspect and review the Subdivision improvements certified as complete. If the BOCC does so review and inspect, the process contained in paragraph 3.f., above, shall be followed. c. If the BOCC finds that the Subdivision Improvements are complete, in accordance with the relevant specifications, the BOCC shall authorize final release of security within ten (10) days after completion of such investigation. d. If the BOCC finds that the Subdivision Improvements are not complete, in accordance with the relevant specifications, the BOCC may complete remaining Subdivision Improvements, or institute court action in accordance with the process outlined in paragraph 3.g., above. 4. WATER SUPPLY. As stated in paragraph 13, below, prior to issuance by the BOCC of any certificates of occupancy for any residences or other habitable structures constructed within the Subdivision, Owner shall install, connect and make operable a water supply and distribution system for potable water 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 shall be as shown on the Final Plat. Owner shall deposit with the Garfield County Clerk and Recorder executed originals of the instruments of conveyance for easements appurtenant to the water system, for recordation following recording of the Final Plat and this SIA. All facilities and equipment contained within the water supply system shall be transferred by Owner to the Homeowner's Association of the Subdivision by bill of sale. If a third party water [or sewer] service entity requires warranty o e em s , •wner shall provide proof to the BOCC that such warranty is in effect and, if necessary, has been assigned. 5. PUBLIC UTILITY RIGHTS-OF-WAY. Whether or not utility easements exist elsewhere in the Subdivision, all road rights-of-way within the Subdivision shall contain rights-of-way for installation and maintenance of utilities. Public utility easements shall be dedicated by the Owner to the public utilities on the face of the Final Plat, subject to the Garfield County Road and Right -of -Way Use Regulations, recorded as Reception No. 643477, in the records of the Garfield County Clerk and Recorder, as amended. The Homeowner's Association 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 company(ies). The BOCC shall not be obligated for the maintenance, repair and upkeep of any utility easement within the Subdivision. In the event a utility company, whether publicly or privately owned, requires conveyance of the easements dedicated on the face of the Final Plat by separate document, Owner shall execute and record the required conveyance documents. 6. INDEMNITY. The Owner shall indemnify and hold the BOCC harmless and defend the BOCC from all claims which may arise as a result of the Owner's installation of the Subdivision Improvements [including off-site improvements and revegetation] and any other agreement or obligation of Owner, related to development of the Subdivision, required pursuant to this SIA. 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 notify the Owner of receipt by the BOCC 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 governmental immunity granted to the BOCC by Colorado statutes and case law. 1111 Ell'alltviva 4101111ti'ifiilPV4114 11111 Reception#: 891030 04!07!2017 11:03:12 AM Jean Alberico 6 of 14 Rec Fee:$7B.00 Doc Fee:0.00 GARFIELD COUNTY CO 7. ROAD IMPACT FEE. Road Impact Fees will be due at the time of building permit and will be assessed in relation to the square footage and type of dwelling unit or other structure that is proposed. 8. FEES IN LIEU OF DEDICATION OF SCHOOL LAND. Owner has made a cash deposit in lieu of dedicating land to the RE -1 School District, calculated in accordance with the LUDC and the requirements of state law. The Owner and the BOCC acknowledge and agree that the cash in lieu payment for the Subdivision is calculated as follows: Unimproved per acre market value of land, based upon an appraisal submitted to the BOCC by Owner, i.e. $25,727.00 x .02 x 1= $515.00. Said fee shall be transferred by the BOCC to the school district in accordance with the provisions of 30-28-133, C.R.S., as amended, and the LUDC. 9. CARBONDALE AND RURAL FIRE DISTRICT FEE. Owner has made a cash deposit for the impact fee of $730.00 as required by the Carbondale and Rural Fire Protection District. 10. 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. 11. BUILDING PERMITS AND CERTIFICATES OF OCCUPANCY. As one remedy for breach of this SIA, the BOCC may withhold issuance of building permits for any residence or other habitable structure to be constructed within the Subdivision. Further, no building permit shall be issued unless the Owner demonstrates to the satisfaction of the Carbondale & Rural Fire Protection District, if the Fire District has so required, 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. No certificates of occupancy shall issue for any habitable building or structure, including residences, within the Subdivision until all Subdivision Improvements have been completed and are operational as required by this SIA 12. CONSENT TO VACATE PLAT. In the event the Owner fails to comply with the terms of this SIA, the BOCC shall have the ability to vacate the Final Plat as it pertains to any lots for which building permits have not been issued. As to lots for which building permits have been issued, the Plat shall not be vacated and shall remain valid. In such event, the Owner shall provide the BOCC a plat, suitable for recording, showing the location by surveyed legal description of any portion of the Final Plat so vacated by action of the BOCC. If such a Plat is not signed by the BOCC and recorded, or if such Plat is not provided by the Owner, the BOCC may vacate the Final Plat, or portions thereof, by resolution. [It is specifically agreed that this paragraph 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 SIA, the BOCC may also withhold approval of a proposed final plat for a future phase, if Subdivision Improvements [, including off-site improvements,] [and revegetation,] covered by this SIA are not completely installed and opera b le.] 13. ENFORCEMENT. In addition to any rights provided by Colorado statute, the withholding of building permits and certificates of occupancy, provided for in paragraph 13, above, the provisions for release of security, detailed in paragraph 3, above, and the provisions for plat vacation, detailed in paragraph 14, above, it is mutually agreed by the BOCC and the Owner, that the BOCC, without making an election of remedies, and any purchaser of any lot within the Subdivision shall have the authority to bring an action in the Garfield County District Court to compel enforcement of this SIA. Nothing in this SIA, however, shall be interpreted to require the BOCC to bring an action for enforcement or to withhold permits or certificates or to withdraw unused security or to vacate the Final Plat or a portion thereof, nor shall this paragraph or any other provision of this SIA be interpreted to permit the purchaser of a lot to file an action against the BOCC. Illi kjf,/I7,11.T,PER6NINIA ,101.1bFir Li 11111 Reception#: 891030 77dof 14Rec.00 D17 IFee3$78.00 Deo Fee:01:0:1AJean cGARFIELD COUNTY CO 14. NOTICE BY RECORDATION. This SIA shall be recorded in the Office of the Garfield County Clerk and Recorder and shall be a covenant running with title to all lots, tracts and parcels within the Subdivision. Such recording shall constitute notice to prospective purchasers and other interested persons as to the terms and provisions of this SIA. 15. SUCCESSORS AND ASSIGNS. The obligations and rights contained herein shall be binding upon and inure to the benefit of the successors and assigns of the Owner and the BOCC. 16. CONTRACT ADMINISTRATION AND NOTICE PROVISIONS. The representatives of the Owner and the BOCC, identified below, are authorized as contract administrators and notice recipients. Notices required or permitted by this S1A shall be in writing and shall be effective upon the date of delivery, or attempted delivery if delivery is refused. Delivery shall be made in person, by certified return receipt requested U.S. Mail, receipted delivery service, or facsimile transmission, addressed to the authorized representatives of the BOCC and the Owner at the address or facsimile number set forth below: Owner: TINA KIM VELASQUEZ ROBERT CLAY VELASQUEZ ROBERT LEE BEASLEY IDA MAE BEASLEY P.O. Box 1 Carbondale, CO 81623 BOCC: Board of County Commissioners of Garfield County, Colorado c/o Community Development Director 108 8th Street, Suite 401 Glenwood Springs, CO 81601 Phone: (970) 945-8212 Fax: (970) 384-3470 17. AMENDMENT AND SUBSTITUTION OF SECURITY. This SIA may be modified, but only in writing signed by the parties hereto, as their interests then appear. Any such amendment, including, by way of example, extension of the Completion Date, substitution of the form of security, or approval of a change in the identity of the security provider/issuer, shall be considered by the BOCC at a scheduled public meeting. If such an amendment includes a change in the identity of the provider/issuer of security, due to a conveyance of the Subdivision by the Owner to a successor in interest, Owner shall provide a copy of the recorded assignment document(s) to the BOCC, along with the original security instrument. Notwithstanding the foregoing, the parties may change the identification of notice recipients and contract administrators and the contact information provided in paragraph 18, above, in accordance with the provisions of that paragraph and without formal amendment of this SIA and without consideration at a BOCC meeting. 18. COUNTERPARTS. This SIA 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. 19. VENUE AND JURISDICTION. Venue and jurisdiction for any cause arising out of or related to this SIA shall lie with the District Court of Garfield County, Colorado, and this SIA shall be construed according to the laws of the State of Colorado. Mill 11K. 7,1114 IJ 111 Reception#: 891030 04/07/2017 11:03:12 AM Jean Alberico 8 of 14 Rec Fee:$78.00 Doc Fee:0.00 GARFIELD COUNTY CO IN WITNESS WHEREOF, the parties have signed this SIA to be effective upon the date of Final Plat Approval for the Subdivision. BOARD OF COUNTY COMMISSIONERS ATTEST: /1* OF GA • FIELD C • UNTY, COLORADO erk to the Board Date: " 3 - .3-01 OWNER By: 4L Q_ A . ' / — ' INA KIM VELASQUEZ • : : CLAY VELASQUEZ By: Zv_ £ ROBERT LEE BEASLEY By: ,a, )' 'J " IDA MAE BEASLEY Date: ,-3//0//7 STATE OF COLORADO ) )ss. COUNTY OF GARFIELD ) DANIEL DONOHOUE NOTARY PUBLIC STATE OF COLORADO NOTARY ID 20164004148 MY COMMISSION EXPIRES FEB. 1, 2020 Subscribed and sworn to before me by (,)Z,,�n authorized representative of Owner of the Subdivision, this i0 day der .tilar4 , 200/2 WITNESS my hand and official seal. My commiss' n expire reh /, 2-0.2-0 Nota ublic 111 fifid11111711AliP+M . Bulli ilinigr1/114Gi41111 ' Receptionii: 891030 04/07/2017 11:03:12 RM Jean Rlberico 9 of 14 Rec Fee:$7O.00 Doc Fee:0.00 GARFIELD COUNTY CO BEIRTEM ,.n•- fGO061 •" ,ECS �".,�51X4ia dtl rquvau 114 MUZWMMM fiiKA Ni ¢YC]rpY fl, Spmirm.prenr.r..m,r, 'ONl I )NRJ33Nl19N3 ANINnOD H!IH aytlo1 op 'AAN n o7 c :Lamm 1•13.19A13 H31VM N014Wf]Qn7Y^NIH OavuO1O3MONOGWJ a00:Y1]M1 WN fir !3 1 if p 1 P w � � O V O i NE h Q 3 N 0 } a; • \\ CV .."•••:: •\ \ \ ♦ \ \I W N. 0 Z ` \ % Z c' `f' \\ \'F, , \\ W v.ui \\ , \N Z\ R id \\ N I W L. / r r I % % I g' 1 % ! O /J q\ \ / \ —.41 - �g -r ;r- - r/ • r r r r ->s- r vt000,1 ‘s. - If 0a -\ n 1111 N/1.1lig DP A11GMki><11J4 0 AMY:Viq Var ii4rh 11111 Reception#: 891030 04/07/2017 11:03:12 AM Jean Alberico 10 of 14 Ren Fee:$78.00 Doc Fee:0.00 GARFIELD COUNTY CO CIVIL ENGINEERING EXHIBIT B .uf.vM•+u„a.acwwy LAND SURVEYING ENGINEERS ESTIMATE OF PROBABLE PUBLIC COSTS Date: 11-10-16 RE: Velasquez Water System Estimated improvements include: Well pump and well pipe - $3000 Purecore piping from well house and tank 140' $30/ft. - $4200 Electrical work from house to well pump - $500 Pressure tank and switch in house - $1500 Total Estimated Cost of improvements: $9,200 Prepared by Roger Neal, PE 1517 BLAKE AVENUE. SURE 101 GLENWOOD$PRINGS, CO 81601 970-945-8676 • PHONE 970 -9452555 -FAX WWW.HCENG.COM Alpine Bank ®fi 1T� C IRREVOCAB STANDBY LETTER OF CREDIT Date of Issue: MARCH 14, 2017 Amount: $10,120.00 Number: 046409 i 233 Expiration Date: MARCH 14, 2018 Carbondale 0350 Highway #133 Carbondale, Colorado 970-963-3040 Fax 970-963-9116 APPLICANT: ROBERT CLAY VELASQUEZ AND TINA KIM VELASQUEZ BENEFICIARY: BOARD OF COUNTY COMMISSIONERS OF GARFIELD COUNTY PURPOSE: GUARANTEE FUNDING FOR THE SHARED INFRASTRUCTURE To Whom It May Concern: L m% cr We hereby establish in Beneficiary's favor, at'the request and for the benefit of Applicant, our Irrevocable Standby Letter of Credit in an amount not to exceed $10,120.00 (U.S. $10,120.00). The purpose of this a Eo letter is to secure the performance of and the compliance with, the VELASQUEZ MINOR SUBDIVISONmNm IMPROVEMENTS agreement by and between Applicant and Beneficiary. Beneficiary shall promptly notify Bank when a default or event of default of said agreement occurs. Your a notification shall include any notice or order required to be sent to Applicant pursuant to the agreement. %:,n,:t Notice shall be by telephone and in writing to: Alpine Bank CABONDALE Attention: IAN BAYS 0350 HIGHWAY i33 CARBONDALE, CO 81623 970-963-3040 We hereby agree to honor drafts drawn under and in compliance with the terms of this Letter of Credit if duly presented to a loan officer at 0350 HIGHWAY 133, CARBONDALE, CO 81623, during normal business hours on or before the expiration date. Partial drawings are permitted. This Letter of Credit is not transferable. The conditions for payment of any draft drawn against this Letter of Credit are as follows: 1. Receipt by Bank of Beneficiary's manually signed statement by an authorized signatory certifying that Applicant has failed to perform with, or comply in accordance with, the provisions of said agreement by and between Applicant and Beneficiary, and stating the dollar amount of the default. 2. Presentation of the original Letter of Credit to Bank, endorsed on the reverse side with the words: "Drawn by BOARD OF COUNTY OF COMMISSIONERS OF GARFIELD COUNTY in the amount of requested then manually signed by an authorized signatory. This Letter of Credit shall be governed by Article V of the Uniform Commercial Code as in effect in the State of Colorado on the date of issue. This Letter of Credit sets forth in full the terms of our undertaking, and such undertaking shall not in any way be modified, amended, amplified or limited by any document, instrument or agreement referred to herein, or in which this credit is referred to, or to which this credit relates; and no such reference shall be deemed to incorporate herein by reference any such document, instrument or agreement. www.alpinebank.com •'r: vnmmm Ro.,cbo vmtr Eo 1111 Eirarning:riV1.4.410h h 0h11111:11 ' 014,11111 Reception#: 891030 04/07/2017 11:03:12 RM Jean Alberico 12 of 14 Rec Fee:$78.00 Doc Fee:0.00 GARFIELD COUNTY CO ALPINE BANK CARBONDALE By: IAN- B(YS, PRESIDENT 1111 ��1 1��1'�IN�I��YTI�h`��I�{'�Iin hi�i�W i144Er�4rh 1111I Reception#: 891030 04/07/2017 11:03:12 AM Jean Alberico 13 of 14 Rec Fee:$78.00 Doc Fee.0.00 GARFIELD COUNTY CO txHlBIT D REQUEST FOR PARTIAL RELEASE OF LETTER OF CREDIT Board of County Commissioners Garfield County, Colorado c/o Director of Community Development 108 8th Street, Suite 401 Glenwood Springs, CO 81601 RE: VELESQUEZ MINOR SUBDIVISION This request is written to formally notify the BOCC of work completed for Velasquez Minor Subdivision. As Owner [On behalf of the Owner], we request that the BOCC review the attached Engineer's Certificate of Partial Completion and approve a reduction in the face amount of the Letter of Credit in the amount of $ , to a reduced face amount of $ Attached is the certified original cost estimate and work completed schedule, showing: Engineers Cost Estimate Work Completed, less 10% Reduced Face Amount of LOC Based on periodic observation and testing, the construction has been completed, to date, in accordance with the intent of the plans and specifications that were reviewed and approved by the BOCC's representatives and referenced in the Subdivision Improvements Agreement between the BOCC and the Owner. If further information is needed, please contact , at Owner or Owner's Representative/Engineer 111! fraNtilI k K.RIP +irMh,C/ iVii'fiini,11 II Recept i ontt : 891030 04/07/2017 11:03:12 RM Jean Rlberico 14 of 14 Rec Fee:$78.00 Doc Fee:0.00 CRRFIELD COUNTY CO REQUEST FOR FINAL RELEASE OF LETTER OF CREDIT Board of County Commissioners Garfield County, Colorado c/o Director of Building and Planning 108 8th Street, Suite 401 Glenwood Springs, CO 81601 RE; VELESQUEZ MINOR SUBDIVISION This request is written to formally notify the BOCC of work completed VELESQUEZ MINOR SUBDIVISION As Owner [On behalf of the Owner], we request that the BOCC review the attached Engineer's Certificate of Completion and approve a full release of the Letter of Credit in the amount of $ Attached is the certified original cost estimate and work completed schedule, showing that all improvements required by the Improvements Agreement and secured by the Letter of Credit have been completed. Also enclosed are the following, required by the Improvements Agreement dated between Owner and the BOCC, recorded at Reception No. at the Real Estate Records of the Garfield County Clerk and Recorder (the "SIA"): 1. record drawings bearing the stamp of Owner's Engineer certifying that all improvements have been constructed in accordance with the requirements of the SIA, both in hand copy and digital format acceptable to the BOCC; and 2. copies of instruments conveying real property and other interests which Owner was obligated to convey to the homeowner's association or other entity at the time of final Plat Approval. If further information is needed, please contact , at Owner or Owner's Representative/Engineer .salgge3 VICINITY MAP ��.NBJYS'27W 161441' (141002'42T) N10021TE 0.51 sr Ran 111.7 COMER ...WEEPS/ 94.16)- NITEEMAY 94.1T FOEMO VELASQUEZ MINOR SUBDIVISION A PARCEL OF LAND SITUATED WITHIN LOT 1 4 AND A PORTION OF LOT 18 SECTION 10, TOWNSHIP 7 SOUTH, RANGE 88 WEST OF THE 6TH P.M. COUNTY OF GARFIELD, STATE OF COLORADO (e-1nroF) (Rsa6255T (L-110.159) M113)'01 - R -26255' 1-110.X' PIET50'11.0 COsSEPOEEVW co,s3JN 6600']1-E / 110.27 ROAD (07 4.0.W. - 13 LOT iT SEf.110N ,O RelonS 71.7 FOuND MAP Pl.. CAP L53.77 037. DM OF SET k RA. 77, 73171D SEE SHEET 2-* FOR DETAILS GRAPHIC SCALE ENVELCFE LOT 2 '.. %- R00w eaPWNn .07 nal Russ p Jae re 3. CP 113 CAPSOMALE. CO 273.30,00.1 ) 1Ma Oa _ Da LEGEND N15.3'1TM'w S1t,3T•�-' •enn AS =morn ® [464 P.0417 wRr mr 4WMC 0 -a, ORM R.tRMaR ROLE Fame Rolm a Room GP 1E3E0. 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NO ,xea amSEsoP7_ a 1A.ms`, new cWoos. yeah ,n 0. wmns`oe 70.511 CO ryRPM E N1701117.0E( Mala DEx..1w.s MOM t6Ed. a E�ty�-L SSAHOuEs commasEs a CUM SURVEYOR'S CERTIFICATE SEAL 6.m, DS VIM War.� t� w A PROM.. WO 9.57 uRxSm.7 ME .3 D.a MAeiBF .D CLERK AND RECORDER'S CERTIFICATE 1X15 F.Aoa si e. D�I-y PDL>a- �Ar"`a }i��i`>�`" D` A n amu n Nnr ED°P031�1 ^_at^A SEAL 0 CO gmr-. mu; POO2ECT Nt,. 2,01709 1 OF2 89/627 z i„iii gr, i 1;111 ' c, r 0 0 4` : IT Py 4 I if 4 '4 14 8t 01124 A;gi g ��� a a � � A4 D f1NLLNOO S31ON 133HS11 OU >--oo Clza z:13 -v2) 4,1am o 0 � r 5 Z rz0u, Nmo� afri M1900 0om• 11-I OX• Or �mzo o°o� 0 2' A -u JIV m N 3 O tnry c v z 0 TINA KIM VELASQUEZ CARBONDALE. COLORADO MINOR SUBDIVISION PLAT 3064 COUNTY ROAD 1 13 GARFIELD COUNTY, COLORADO HIGH COUNTRY ENGINEERING, INC 15 17 101, E NWOOD 61160CO 091 91601 PHONE (9701 9456676 -FAX 0 701 9952565 W W W-HCENO.COM 1 -B00 -922-1%P