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HomeMy WebLinkAbout2.0 SIA,r{ s& iiccrqr(r,(?Li ot A" "1 c,' o 1 oo{r*f-. * . JgLiii*L*-.. iioooptlc.rr l.ro .&*Wg-L- mr/area Aredorf , Reoorcler Bool< 539 p,loE!)'7q SUBDIVISION IMPROVtrI\IENTS AGIIEIIMENIT THIS AGREEMEI{T, made and entered into this J,/rdt clay of I'Joveniber , 197 9 , between Cunningham Construction ancl Development Co., hereinafter cafled the "subdivider', and the Iloard of Cr:unty Cornmi.ssioners of Garfield County, hereinafter calLed the "County." W].TNESSETH: WIIEI?.EAS, the Subdirziderr ds a condition of approval of tire f inal plat of Riverbend Subdivision l'iling l.to. 2 has heretofore entered into Subdivision Improvements Agreements as provided for Section 30-28-137, C.R.S. 1973r ds amended, and Section 3.10.01 of the Garfield County Subdivision Regulation, whiclr Agreements have expired without being satisfied; and WHEREAS, the Subdivider and the Cournty desire to enter j nt"o a SingJ.e SubC iv ide r's Improvernents A-greement encom- t passing aLL obligations of the Subdivider contarned in the earl-ier Agreements no'c yet satisfied; WHEREAS, pursuant to the same authority, tne Subdivider is obLigated to provide security or collateral sufficient in the judgment of the Board of County Commissioners to rnake provision for completion of certain public improvements set forth on Exhibits rrAt' anrl rtB, attached ttereto and incorpo- rated herein, which security is to be provided by means of two promissory notes with first deeds of trust; and WHEREAS, the parties desire that satisfaction of the terms of this Agreement sha1I evidence satisfaction of the provisions of those certaj.n Subdivision Improvements Agree- ments entered into by and between the parties on or about the Igth day of September, 1977, and recordecl in Book 501 at Page 872, and in Book 501 at Page B7B. 800x 53t) pr0i9'75 NOW, TIIEREFOIIE, in col)sideration of the follorving mutual covenants and agreements, the Subdivider and the County agree as follows 1. The subdivi<-ler agrees to the construcl-ion and installation, at his sole expense, of ar.r those pubric improvements as set forth in Exhibit rrA, and,8, attached hereto. 2. The subdivider agrees that all of those certain public improvements to be cornpleted as identified on Exhibit rrA, sha-l1 be constructed by september 1, 1980, in cornpl iance with the following: (a) A11 final plat and other documents subrnittedprior to and approved by the County at thetime of final plat approval. (b) A11 laws of ttre United States, State of Col-orado, Garfield County, and its variousagencies, af f ected spec'ial districts , and/orservicing authorities. (c) Such other dcsigns, dravrings, maps,specifications, sketches, anC other matterssubmitted to and approved by any of theabove-stated governmentai entities. 3. The Subdivider agrees that a1I of those certain public improvements to be completeci as identified on Exhibit "8, shal1 be constructed by september r., r981, in compliance with the following: (a) A11 final plat and other documents submittedprior to and approved by the County at thetime of final plat approval. (b) A11 laws of the United States, State ofColorado, Garfield County, and its variousagencies, affected special districts, and/orservicing authorities. ( c ) Such other des igns , dra.wings , maps ,specifications, sketches, and other matter subm j tted to and approved by any of l-heabove-stated governmental entities. 4. To secure and guarantee performance of its obliga- tions as set forth herein, the subdivider agrees .to provide security and collateral in the form of: -2- Burrr ItI]9 pAct9'76 Prornissory notes in the aluoultt of $ 10, 0 50. 0 0for: the irnprovements set for:t.h on fxniUit,,A1,and $42,161.00 for the irnprovernents set forLhon Exhibit rrilt' together: with first cleeds oftrust on lands described as follows: $10,05 0.0 0 r.r-ote: Lot g , B1ock 2$42,161.00 Note: Lots 4,5, 6, Block 3Amended Riverbend Subclivision Filing No. 2. upon recordation of the aforesaid first deeds of trust, any arrd arl restrictions on the sare or use of the lots in Amended Riverbend subdivision, Filing No. 2t which may have been imposed by the documents recorded on october 20, 1977, in the records of Garfield county, colorado, in Book 501 at Page g?z as Reception No. 28l33r and in Book 501 at page B7B as Reception No. 281332 shal} be rescindecl and of no further force and effect. 5. rt is further mutually agreecl that pursuant to the provision of section 30-28-137(2) c.R.s. r973r €rs'amended, that as improvements are compleled, the subdivider may apply to the Board of Countv Comrnissioners for a t'elease of part or a1r of ttre col-iateral- de1:osited with said Board. upon inspection and approval, the Board sha1l rel-ease said col]at- era1. rf the Board determines that any of such. improvements are not constructed in substantial_ compliance with specifica- tions, it shall furnish the subdivider a list of specific deficiencies and sharr be entitred to withhord collateral sufficient to insure such substantiar compliance. rf the Board of County Commissioners determines that the Subdivider will noL construct any or alr of the improvements in accor- dance with all of the specifications, the Board of county commissioners may withdraw and employ from the deposit of collateral such funcis as may be necessary to construct the iinprovement in accordance with the specifications. 6. It is f urt-her 'mutuaIly agreed that upon the conrpletion of the improvements set forth on Exhibit ,tA,, in -3- ooox 5[i9 pNEgZ,z substantiar cornpriance with specifications that the subdivider shall be entitled Lo a rerease of collateral for said improvernents. upon the completion of the improvements set forth on llxhibit'Bx in substantial compriance with specifications the Subdivider sha}l be entitled to a release of colLateral for said improvements. 7. The subdivider agrees to provide the county wittr a title insurance conunitmenL at time of finar platting evidenc- ing that fee simpre title of all l-ands in the subdivision is vested totally in the subdivider free of any and alr rien and I encumbrances other than those whose holders are signatories of the final plat. B. Upon satisfaction of the terms of this Agreement, the county Buitding official sharr issue a certifj.cate evidencing compliance with the terms of this Agreement as well as those earlier Agreements described above. 9; The county agrees to the approval 3r the final plat of Amended Riverbend subdivision Filing No. 2 subject to the terms and conditions of this Agreement. 10. Parties hereto mutuarry agree that this Agreement may be amended from time to time provided that such amendment be in writing and signed by all parties hereto. rN wrTNEss WHEREOF, the parties have hereunto set their hands and seals the day and year first written above. STATE OF COLORADO, COUNTY OF alrman,nty Commiss ione County of Garfield ATTEST: B00it 539 pr0E97B .STATE OF COUNTY OF Sec re tary coLoRADO )) ss. GARTTELD ) ir," foregoing subdivision rmprovements Agreement.wasacknowledged before me this )GlL day of November, lg7g, byFlaven J. cerise, chairman, Board of county comrnissioners orGarfield County, Colorado. !{itness my hand and off iciaL My commission expires! : Fes llrrSa \ My cornmission expires: {-lrs tl t!B I I Publ ic STATE OE COLORADO )) ss. couNTY OF GARFIELD ) The foregoing subdivision rmprovements Agreement wasacknowledged before me this zvt\ day of November I Lg7g, by WM. JAMES CU}iNTNGHAM as Presiderrt and RoBERT MEER aSAssistant secretary of cuNlJII'tGHAI,,1 CoNSTRUCTION & DEVELOPMENTCO., a Colorado corporation. Witness my hand and official iea1. Notary it,' j'''--/ SUBDIVIDER: CUNNINGI]AM DBVELOPMENT CONSTRUCTION & 000i( .539 rl6fg'Zg N,/A N/A N,/A N/A $ 3,050 N/A N,/A N/A N,/A N/A N,/A Item Roads: Rough Grading Subbase Course Base iourseFinish GradingAsphalt Chip & Surfac ing Sewer: Main Lines Manholes Laterals and Connections Wate r: Ma in1 ines HydrantsLaterals and Connections Miscellaneous: Rel-ocate Blectrical HiqhIbnsion Line Eng ineering TOTAL: EXHIBIT I'AI' Subdivision public fmprovements Arnended Riverbend Subdivision filingBlock 1: Lots I t-hrough 6Block 2: Lots 9 ilrrough 13 Uni ts Cost Complete Compl e te. Complete Compl e teSeal 1000LF #2 Complete Complete Complete Complete Complete Complete N/A Complete $ 7,ooo -0- $10ro5o EXII].13IT rrltrr Subdivision public fmprovements Amended Riverbend Subdivision FilingBlock 2z Lots I through BBlock 3: Lots 1 through IO Units Cost Brrott 539 pAcEg[JO $2,000 3,724 3, r50 2,000 5r 197 #2 Item Roads: Rough Grading Subbase Course Base CourseFinish GradingAsphalt Chip & SeaI Surfac ing l- Sewe r: Main Lines I,lanholes Laterals and Connections Wate r: Mainl ines Hydrants Laterals and Connections Miscelianeous: En g inee r ing/Cont irrgency TOTAL: 1596 r,F 800 Ton 760 Ton 1596 LF', 1595 LF 1300 LF 7 400 LF' Complete Complete 4OO LF N/A $13r ooo 4r900 . 1r500 N/A N,/A 1r600 5,000 $4 2,161