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HomeMy WebLinkAbout1.15 Covenants Conditions & Restrictions987354 07/05/2023 11 :29:37 AM Page 1 of 9 Jacklyn K. Harmon, Garfield County, Colorado Rec Fee: $53.00 Doc Fee: $0.00 eRecorded SECOND AMENDMI<:NT TO DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR McCLURE RIVER RANCH MASTER ASSOCIATION { Ju~2,2023 This Second Amendment to the Declaration of Covenants, Conditions and Restrictions for McClure River Ranch Master Association ("Second Amendment") amends the Declaration of Covenants, Conditions and Restrictions for McClure River Ranch Master Association recorded on December 20, 2022, at Reception No. 982206 and the First Amendment to Declaration of Covenants, Conditions and Restrictions for McClure River Ranch Master Association recorded March 17, 2023, at Reception No. 984262 in the office of the Garfield County Clerk and Recorder ("Records") (together. the "Master Covenants") and is made by the holders of more than sixty- seven percent (67%) of the votes in the Ranch Association (defined below) and is effective as of the date recorded in the Records. All capitalized terms used but not defined herein shall have the same meaning as is set fo11h in the Master Covenants. RECITALS A. Aspen Polo Partners, LLP, a Colorado limited liability partnership is the "Declarant" under the Master Declaration and is the owner of all of the property subject to the Master Covenants except for Barn Lot 1, Barn Lot 3 and Barn Lot 5, and as such is the holder of 75% of the votes of the Ranch Association. The Barn Association is the holder of the remaining 25% of the votes of the Ranch Association. B. The McClure River Ranch Association, Inc., a Colorado nonprofit corporation ("Ranch Association"), is the master association created pursuant to the Master Covenants for the operation and maintenance of the McClure River Ranch Subdivision according to the Final Plat McClure River Ranch Subdivision of Zone District I with one Common Ownership Tract in Zone District 2 recorded in the Records on December 20, 2022, at Reception No. 982205 ("Plat"). C. The MRR Barn Lot Association, Inc., a Colorado nonprofit corporation ("Barn Association"), is the subsidiary association created pursuant to the Declaration of Covenants, Conditions and Restrictions for MRR Barn Lots Association, Inc. recorded at Reception No. 984035 of the Records. 0. Among other things, the Declarant desires to clarify the uses allowed for the Barn Lots, to clarify the connections to and usage of the various components of the On-Site Wastewater Treatment Systems (OWTSs) servicing the various parcels within the Project and to increase the voting power of the Barn Association with respect to certain water-related and facility-usage matters. E. The Master Covenants provide, at Section 13 .2, that the Master Covenants may be amended by the vote of the holders of sixty-seven percent (67%) of the votes in the Ranch Association. Presently, the Declarant together with the Barn Association hold I 00% of the votes of the Ranch Association. 987354 07/05/2023 11 :29:37 AM Page 2 of 9 Jacklyn K. Harmon, Garfield County, Colorado Rec Fee: $53.00 Doc Fee: $0.00 eRecorded F. This Second Amendment was approved by a unanimous vote of the Members of the Ranch Association. THEREFORE, the Master Covenants are amended as follows: 1. Section 2.1 of the Master Declaration is amended by the deletion of the introductory clause and the substitution therefor with the following: "Each capitalized term in this Declaration or on the PUD Plan or the Plat shall have the meaning specified or as used in the Act, unless otherwise defined in this Declaration. If the definition for a term is not provided in the Act or this Declaration, then the definition used in the then-current Garfield County Land Use and Development Code shall apply. The following terms shall have the following meanings:" Subsection (I) is deleted and replaced with the following: (I) ""Common Area" means any portion of the Community designated in this Declaration or on a Plat or any Supplemental Plat as Common Area, Easement or Open Space and which is owned or maintained by the Association for the common use and enjoyment of the Owners, including, but not limited to, pathways, trails, roads, entry features, etc." In addition, subsection (vv), which was amended by the First Amendment, is amended again by the deletion of the second sentence and the first word of the third sentence, so that subsection (vv) now states as follows: "(vv) 'Wells' means all water wells on Community property. The well permits for wells on Barn Lots will be held by the individual Owners of the Barn Lots. If the Owner of Tract B uses the Barn Lot 6 well to serve the maintenance barn on Tract B, the Owner of Tract B will either jointly hold the Barn Lot 6 well permit with the Barn lot 6 Owner, or the Owner of Tract B may obtain a separate well permit for the maintenance barn uses." Further a new subsection (ww) is added to Section 2.1 as follows: "(ww) "Barn" means a building used to shelter or enclose horses, feed, riding equipment or field equipment, or otherwise used in support of an on-site equestrian operation. Further, a Barn may include an office and residential facilities provided that any such office or residential facilities are accessory to and used in support of the equestrian operation of the Barn and shall not be subdivided from the equestrian building. Provided, however, occupants of the residential facilities within the Maintenance Barn may or may not be employed at the Maintenance Barn." 2. Section 3.1 of the Master Covenants is deleted and replaced with the following: Section 3.1 Allocated Interests and Voting Rights in the Ranch Association. All persons or entities who own or acquire the title in fee to Tract A, Tract B or Lot 7, by whatever means acquired, shall automatically become a "Member" of the Ranch Association. Further, the Barn Association, itself, as an entity, shall be a Member of the Ranch Association. 3.1. l The Allocated interests of the Members of the Ranch Association are as set forth on Exhibit E. The Allocated Interests in the Ranch Association shall 2 987354 07/05/2023 11 :29:37 AM Page 3 of 9 Jacklyn K. Harmon, Garfield County, Colorado Rec Fee: $53.00 Doc Fee: $0.00 eRecorded be one interest each to Tract A, Tract B, Lot 7 and the Barn Association. In the event any of the Reserved Property is annexed to the Community, the formula for allocation of the Allocated Interests shall be a fraction the numerator of which is one and the denominator of which is the total number of memberships in the Ranch Association. 3 .1.2 Each membership shall be entitled to one (I) vote in the Ranch Association, except as provided below regarding Barn Association votes on certain matters. If more than one (I) individual or entity owns a Lot or Tract, a representative of such multiple Owners shall be designated and shall vote all the votes allocated to such membership. There shall be no fractional voting permitted. The Barn Association membership shall have one vote and it shall be cast by the Member of the Barn Association appointed by the Barn Association to the Board of Directors of the Ranch Association. However, for any matter related to (i) wells and water rights that affects the use of wells or water rights on the Barn Lots or (ii) use of the Exercise Track or the Tract B polo field as provided in Section 6.29, the Barn Association shall have two votes and any approval of matters related to such two subject matters shall require the approval of 67% of the votes of the Ranch Association. Further, any amendment of this Section shall require the approval of the Barn Association. a. Matters that affect the use of wells and water rights on the Barn Lots include, but are not limited to, amendments to the declaration of the Ranch Association or the Barn Association or adoption or amendment of rules and regulations or guidelines that: 1) remove the requirement that Ranch Association provide Basin Ditch irrigation water to Barn Lots, or 2) that remove the right of Barn Lot owners to obtain well permits or water allotment contracts for the wells on their Barn Lot or to expand use of the well on their Barn Lot, or 3) that allow the Ranch Association to convey Basin Ditch water rights that are needed for Barn Lot irrigation to a third party, or 4) otherwise change or affect the rights of Barn Lot owners to receive Basin Ditch irrigation water or to use their wells to serve the uses on their Barn Lot. b. Matters that are related to use of the Exercise Track or the Tract B polo field include, but are not limited to, amendments to the declaration for the Ranch Association or the Barn Association or adoption or amendment of rules and regulations that: I) affect the ability of the Ranch Association to properly irrigate the Tract B polo field, or 2) remove or regulate Barn Lot owners access to and use of the Tract B polo field. c. Ranch Association shall not take any action that would result in Basin Ditch water not being available to properly irrigate the 3 987354 07/05/2023 11 :29:37 AM Page 4 of 9 Jacklyn K. Harmon, Garfield County, Colorado Rec Fee: $53.00 Doc Fee: $0.00 eRecorded Tract B polo field without consent from the lender with an interest in Tract B. 3.1.3 The Members representing a majority of votes m the Ranch Association shall constitute a quorum. 3 .1.4 In the event future Lots or Tracts are created within Tract A or Tract B as a result of the exercise of reserved development rights, each such Lot or Tract shall be entitled to a membership in the Ranch Association or, in Declarant's discretion, any other association created on behalf of such owners of Lots or Tracts in Tract A or Tract B. 3. Section 3.3 is amended to add a new subsection (iv) as follows: "(iv) to own and operate Basin Ditch water rights sufficient to irrigate one acre on each of the Barn Lots and the polo field on Tract B." 4. Section 4.6.3 is amended to add the following provision to the end of the last sentence:", except a well to serve the maintenance barn if the Owner of Tract B chooses to drill such a well." 5. Section 6.13 of the Master Covenants is deleted and replaced with the following: Section 6.13 Sanitary Systems. No sewerage disposal system, sanitary system, cesspool, or septic tank shall be constructed, altered, or allowed to remain or be used on any Lot or Tract unless fully approved as to design, capacity, location, and construction by all proper public health agencies of the State of Colorado and Garfield County; and unless approved by the Architectural Committee. On-site wastewater treatment systems shall be prohibited on any lot or parcel of one acre or less in size. Provided, however, lots less than one acre within Zone 1 (as defined on the PUD Plan Map recorded in the Records as Reception No. 945440) may be connected to an OWTS on another parcel greater than one acre with easements as depicted on the Plat. 6.13.1 Declarant has or intends to construct four separate OWTSs on the Real Estate. These are known as the North OWTS, Middle OWTS, South OWTS and East OWTS. The North, Middle and South OWTSs all are or will be located on Tract B within a utility easement on Tract B as shown on the Plat. The East OWTS will be located within Lot 7. The North OWTS shall be used by Lot 5, Lot 6 and structures within the Tract B Building Envelope shown on the Plat. The Middle OWTS shall be used by Lot 4 and the Cabins to be located within the Tract A Building Envelope. The South OWTS shall be used by Lot 1, Lot 2 and Lot 3. The East OWTS shall be used by Lot 7. 6.13.2 Pursuant to Section 3.4 of the Engineering Report prepared by Roaring Fork Engineers for McClure River Ranch dated October 24, 2019 ("Engineering Report"), the North, Middle and South OWTSs are designed and 4 987354 07/05/2023 11 :29:37 AM Page 5 of 9 Jacklyn K. Harmon, Garfield County, Colorado Rec Fee: $53.00 Doc Fee: $0.00 eRecorded sized to provide for the construction of Barns, the Cabins, and residential facilities accessory to the Barn where such residential facilities are located. Pursuant to the Engineering Report, each OWTS is designed to a treatment capacity of 2,000 gallons of effluent per day. Based on that limitation, the maximum volume of effluent allowed and the number of bedrooms which may be constructed in the residential portions of the following structures shall be limited as follows: a. Barn Lots 1, 2, 3, 4 and 5: 650 gpd maximum each; up to four residential bedrooms each; b. Barn Lot 6: 350 gpd maximum; up to two residential bedrooms; c. Maintenance Barn: 950 gpd maximum; up to six bedrooms; and d. Four Guest Cabins located on Tract A: 1,300 gpd maximum, total; up to eight residential bedrooms in total. Regardless of the number of bedrooms allowed by the above schedule, the Barns on Lots 1-6, the Maintenance Barn, and the Four Guest Cabins on Tract A shall not exceed the individual maximum effluent volumes allowed per the above schedule. 6.13.3 All wash stalls shall be drained to a dry well or other drainage on the respective Lot and shall not discharge into an OWTS. 6.13.4 Each structure in any Lot or Building Envelope shall install a working metering or monitoring system in order to record the number of gallons of sewage disposed daily into their respective OWTS. Records of daily sewage output shall be reported to the Ranch Association on a monthly basis upon request by the Ranch Association. Each Barn Lot Owner, the owner of Tract A (for the four Guest Cabins), and the owner of Tract B (for the Maintenance Barn) hereby grant the Ranch Association an access easement into the Barns and Guest Cabins for the purposes of reading and inspecting such meters or monitoring systems, if necessary. The owner of any facility that discharges sewage to the OWTS in excess of the amounts listed above in Section 6.13.2 may be required by the Ranch Association to limit the flow of sewage to the O WTS either by restricting the number of occupants or by creating additional OWTS capacity, or some other means acceptable to the Ranch Association. 6.13 .5 In the event a wastewater treatment facility ("WWTF") is developed in the Community the WWTF shall be sized appropriately to accommodate all potential residential and commercial uses including any structures which may be built on the Reserved Property. At the time of necessary replacement or expansion of any existing (OWTS), land uses supported by existing OWTS shall instead connect to a WWTF if such a facility is available within the Community. 6. Section 6.22 of the Master Covenants is amended to include the following subsection: 5 987354 07/05/2023 11 :29:37 AM Page 6 of 9 Jacklyn K. Harmon, Garfield County, Colorado Rec Fee: $53.00 Doc Fee: $0.00 eRecorded a. Ranch Association shall use Basin Ditch water rights that were conveyed to Ranch Association by Aspen Polo Partners LLP to provide water to Barn Lots for irrigation of one acre on each Barn Lot and to properly irrigate the polo field on Tract B. The amount of Basin Ditch water rights for use on the Tract B polo field is 0.495 cfs from all priorities owned and the amount for Barn Lots irrigation is 0.286 cfs from all priorities owned. Ranch Association shall ensure these amounts of Basin Ditch water rights are available for irrigation of Barn Lots and the Tract B polo fields during the irrigation season. Ranch Association shall not take any action that would result in Basin Ditch water not being available to properly irrigate the Tract B polo field without consent from the lender with an interest in Tract B. 7. A new Section 6.28 is added to the Master Covenants as follows: Section 6.28. Use of Barn Lots. The Barn Lots are intended to be used solely for Barns and associated accessory uses, subject to the McClure River Ranch PUD Guide recorded in the Records on November 16, 2020, at Reception No. 945439. No residential structures may be constructed on a Barn Lot except for such residential facilities that are accessory to or subordinate to a Barn. 8. A new Section 6.29 is added to the Master Covenants as follows: Section 6.29. Use of Exercise Track and Polo Field No. 2. Subject to any reasonable Rules and Regulations imposed by the Board, including but not limited to times of day, watering, and maintenance, each Barn Lot owner and their grooms and other employees shall have the right to access to and use of the Exercise Track around the Tract B polo field. Subject to any reasonable Rules and Regulations imposed by the Board and further subject to the limitations of the Polo Fields Lease Agreement dated May 25, 2021, or similar successor or replacement leases of the Tract B polo field, each Barn Lot owner and one companion shall have the right of access to and use of the Tract B polo field for riding horses and for polo practice ("stick and ball"). 9. Section 12.4 is deleted and replaced with the following: Section 12.4 Owner Insurance Coverage Requirements. Each owner of property within the Community shall obtain General Liability Insurance in minimum amounts and with such coverages as may be determined from time to time by the Board of Directors and all such policies shall name the Ranch Association and all other owners of property within the Community as additional insureds. The Ranch Association shall have no liability for the failure of any Owner to maintain required insurance. In the event of payment of any loss covered by such policies, the Ranch Association shall be paid first by the insurance company for the Ranch Association's loss. Such policies shall also contain an express waiver of any right of subrogation by the insurance company against the Ranch Association and the Owners hereby waive their right of subrogation against the Ranch Association. Upon request by the Board or another owner of property in the Community, an owner of property in the Community shall furnish a copy of such insurance policy or policies to the Ranch Association and the other requesting owner. 6 987354 07/05/2023 11 :29:37 AM Page 7 of 9 Jacklyn K. Harmon, Garfield County, Colorado Rec Fee: $53.00 Doc Fee: $0.00 eRecorded I 0. Section 12.5 is deleted and replaced with the following: Section 12.5 Third-Party Insurance Requirements. Any person or entity leasing, occupying or otherwise using property within the Community for any equine activities on any portion of the Community property, including, but not limited to, any polo fields, exercise track, roadways, or trails, shall have in full force and effect prior to conducting any such activity commercial liability insurance naming the Ranch Association and all other owners of property within the Community as additional insureds in amounts and with coverages as may be set from time to time by the Board of Directors. Such third parties shall provide a copy of such policy or policies to the Ranch Association or other Community property owners upon request. 11. Exhibit E to the Master Covenants is deleted and replaced with Exhibit E as attached hereto and incorporated herein by this reference. 7 987354 07/05/2023 11 :29:37 AM Page 9 of 9 Jacklyn K. Harmon, Garfield County, Colorado Rec Fee: $53.00 Doc Fee: $0.00 eRecorded EXHIBITE (Votes and Allocated Interests) PARCEL Votes Votes that Affect the Use of Wells and Water Rights on the Barn Lots or that Affect the Use of the Exercise Track or Polo Field No. 2 Tract A 1 1 Tract B I 1 Lot7 1 1 Barn Lot Assn l 2 TOTAL: 4 5 9 Allocated Interests 25% 25% 25% 25% 100% 984267 03/17/2023 11 :06:57 AM Page 2 of 3 Jacklyn K. Harmon, Garfield County, Colorado Rec Fee: $23.00 Doc Fee: $0.00 eRecorded 2. Section 3 .11. A new Section 3 .11 is added to the Master Covenants as follows: Section 3.11 Declarant Control. During Declarant Control, Declarant shall have the reserved power, pursuant to Section 303(5) of the Act, to appoint and remove Officers and members of the Board. 3. Section 3.12. A new Section 3.12 is added to the Master Declaration as follows: Section 3.12 No Obligation to Construct Improvements. Notwithstanding any reference to an improvement or potential improvement in this Declaration, Declarant and Declarant's successors and assigns and Owners of Tract A, Tract B or Lot 7 shall have no obligation to install, construct or, if installed and damaged, to replace any improvements on Tract A, Tract B or Lot 7. 4. Section 4.3 of the Master Covenants is amended by the deletion of the word "wells" and by the deletion of the following words at the end of such Section: "; and all costs of operation, maintenance, repair and replacement of the maintenance barn and associated dwelling units on Tract B." 5. Section 4.4 of the Master Covenants is deleted and replaced with the following: Section 4.4 Barn Association. The following Common Expense liabilities shall be assessed to and paid for solely by the Barn Association: all expense for operation, maintenance, repair and replacement of or for Chukka Trail to the west of the Barn Lots Gate, 50% of Chukka Trail to the east of the Barn Lots Gate (including snow removal), the Barn Lots Gate, landscaping west of the Barn Lots Gate, all aspects of inigation within the Barn Lots, and operation of the Water System components within the Barn Lots that are used to serve the Barn Lots. 6. Section 4.6.3 is deleted and replaced with the following: 4.6.3 The Owner of Tract B shall pay all expenses related to maintenance, repair and replacement (if built) of any improvements and structures built on Tract B, including but not limited to a Polo Field, Exercise Track, the maintenance barn and any residential housing that may be built therein; but, for the sake of clarity, not including any structures or improvements related to the Water System or landscaping. 7. A new Section 8.3 is added as follows: Section 8.3 Member and Barn Lot Owner Access. There is hereby reserved to and for the benefit of the Ranch Association and, specifically, the Owners of Barn Lots, their successors and assigns, a perpetual, non-exclusive easement for the use of the Common Areas, subject to such reasonable rules and regulations as may be adopted by the Board. 2 1111 WJ~JN'lr'JH~~~1t ~~,~1~fl-J~~~,1f.ll11,iw. II Ill Reception~: 982206 12/20 /2022 12 :48 :32 PM Jean Alberico 1 of 42 Rec Fee :$218 .00 Dae Fee:0 .00 GARFIELD COUNTY CO MCCLURE RIVER RANCH Table of Contents RECITALS ........................................................................................................................................... l ARTICLE 1: SUBMISSION/PURPOSE ............................................................................................. 1 Section 1.1 Submission of Real Estate/Purpose ......................................................................... 1 Section 1.2 Planned Community ................................................................................................ 2 ARTICLE 2: DEFJNITIONS ............................................................................................................... 2 Section 2.1 Definitions ............................................................................................................... 2 ARTICLE 3: McCLURE RIVER RANCH ASSOCIATION ............................................................... 6 Section 3 .I Allocated Interests and Voting Rights in the Ranch Association ............................ 6 Section 3 .2 Governing Instruments ............................................................................................ 7 Section 3 .3 Authority ................................................................................................................. 7 Section 3 .4 Option to Engage Professional Management .......................................................... 8 Section 3.5 Election of the Board .............................................................................................. 8 Section 3.6 Budget ..................................................................................................................... 8 Section 3.7 Assessments ............................................................................................................ 8 Section 3.8 Assessment Lien ..................................................................................................... 8 Section 3.9 Enforcement/Collection .......................................................................................... 9 Section 3. IO Statement of Assessments and Liability of Purchasers ........................................... 9 ARTICLE 4: ASSESSMENT RESPONSIBILITY ............................................................................ 10 Section 4.1 Creation of Association Lien and Personal Obligation to Pay Common Expense Assessments ............................................................................................................................... I 0 Section 4.2 Apportionment of Common Expenses .................................................................. 11 Section 4.3 All Lots and Tracts ................................................................................................ 11 Section 4.4 Barn Association ................................................................................................... 11 Section 4.5 Ranch Association ................................................................................................. 11 Section 4.6 Individual Lots or Tracts ....................................................................................... 12 Section 4.7 Association-Owned Property ............................................................................... 12 ARTICLE 5: ARCHITECTURAL COMMITTEE ............................................................................ 12 Section 5.1 Section 5.2 Section 5.3 Section 5.4 Architectural Committee ....................................................................................... 12 Approval by Architectural Committee .................................................................. 13 Variances ............................................................................................................... 13 General Requirements ........................................................................................... 13 1111 ~11r-'r.~,i<.t!1U:.~ IWJ.l~1r.."~&+:1 ~.\~1~Ul','til~ iNI, 11111 Reception": 982206 12/20/2022 12:48 :32 PM Jean Alberico 3 of 42 Rec Fee:$218.00 Doc Fee:0.00 GARFIELD COUNTY CO Section 5.5 Section 5.6 Section 5.7 Section 5.8 Preliminary Approvals .......................................................................................... 13 Architectural Plans ................................................................................................ I 4 Architectural Committee Not Liable ..................................................................... 14 Written Records .................................................................................................... 14 Section 5.9 Appeal to Board ofDirectors ................................................................................ 14 ARTICLE 6: GENERAL RESTRICTIONS ON ALL LOTS AND TRACTS .................................. 15 Section 6.1 Zoning Regulations ............................................................................................... 15 Section 6.2 No Mining, Drilling, or Quarrying ....................................................................... 15 Section 6.3 No Business Uses .................................................................................................. 15 Section 6.4 Signs ...................................................................................................................... 16 Section 6.5 No Discharge of Firearms ..................................................................................... 16 Section 6.6 Towers and Antennae ............................................................................................ 16 Section 6. 7 Tanks ..................................................................................................................... 16 Section 6.8 Used or Temporary Structures .............................................................................. 16 Section 6.9 Exterior Lighting ................................................................................................... 16 Section 6.10 Dust Control .......................................................................................................... 16 Section 6.11 Weed Control ........................................................................................................ 16 Section 6.12 Road Damage ........................................................................................................ 16 Section 6.13 Sanitary Systems ................................................................................................... I 7 ARTICLE 7: RIGHT OF FIRST REFUSAL ..................................................................................... 21 Section 7.1 Section 7.2 Section 7.3 Section 7.4 Section 7.5 Right of First Refusal ............................................................................................ 21 Association ROFR ................................................................................................ 22 Other Owner's Right ............................................................................................. 22 No Exercise ofROFR .......................................................................................... 22 Unreasonable Terms .............................................................................................. 22 ARTICLE 8: EASEMENTS AND LANDS RESERVED ................................................................. 22 Section 8.1 Section 8.2 Easements Reserved .............................................................................................. 22 Irrigation Easements ............................................................................................. 23 ARTICLE 9: SPECIAL DECLARANT RIGHTS AND ADDITIONAL RESERVED RIGHTS ...... 23 Section 9.1 Section 9.2 Section 9.3 Section 9.4 Section 9.5 Special Declarant Rights ....................................................................................... 23 Exercise of Development Rights ........................................................................... 23 Amendment of Declaration ................................................................................... 23 Amendment of Plat ............................................................................................... 23 Other Rights .......................................................................................................... 23 ii 1111 w,1, .. r+.1~1 t11 !\tl !"&11.,~,ru¥vJ~ i,~111AU""1 IK1i'l1 11111 Receptiontt : 982206 12/20/2022 12:48:32 PM Jean Alberico 4 of 42 Rec Fee:$218.00 Doc Fee :0.00 GARFIELD COUNTY CO Section 9.6 Rights Transferable ............................................................................................... 23 ARTICLE 10: RESERVATION OF DEVELOPMENT RIGHTS ...................................................... 24 Section 10.1 Development/Withdrawal Rights .......................................................................... 24 Section 10.2 Total Units/Lots ..................................................................................................... 24 Section I 0.3 Order of Development. ......................................................................................... 24 Section 10.4 Affordable Housing. . ........................................................................................... 24 Section I 0.5 Entitlements .......................................................................................................... 24 Section I 0.6 Lot Line Adjustments ............................................................................................ 24 Section 10.7 Amendment of the Declaration ............................................................................. 24 Section l 0.8 Amendment of the Plat ......................................................................................... 25 Section I 0.9 Declaration Operative on New Lots, Tracts and Dwelling Units ......................... 25 Section 10.10 Construction Easement ......................................................................................... 25 Section 10 .11 Termination of Expansion and Development Rights ............................................ 25 Section 10.12 Declarant's Exercise of Special Declarant Rights and Other Development Rights .. ••••••••••••••••••··•··•·•··•·•··•·•··•····•·•••••••·••······•··· .............................................................. 25 ARTICLE I 1: ENFORCEMENT/DISPUTE RESOLUTION ........................................................... 26 Section 11.1 Enforcement Action .............................................................................................. 26 Section I I .2 Limitations on Actions Related to Construction ................................................... 27 ARTICLE 12: INSURANCE ............................................................................................................. 28 Section 12.1 Insurance ............................................................................................................... 28 Section 12.2 Fidelity Insurance .................................................................................................. 28 Section 12.3 Insurance Premiums are Common Expenses ........................................................ 28 ARTICLE 13: GENERAL PROVISIONS ......................................................................................... 29 Section 13.1 Covenants to Run with the Land ........................................................................... 29 Section 13 .2 Termination and Amendment of Declaration ........................................................ 29 Section 13.3 Severability ........................................................................................................... 29 Section 13.4 Repeal oftheAct ................................................................................................... 29 Section 13.5 Section Headings .................................................................................................. 29 Section 13.6 Notices .................................................................................................................. 29 EXHIBIT A Property Owned by Declarant ........................................................................................ 33 EXHIBIT B Property Submitted to Declaration ................................................................................ 34 EXHIBIT C Licenses and Easements Affecting Community ............................................................ 35 EXHIBIT D Reserved Property for Possible Expansion .................................................................... 37 iii 1111 ~l1r_.m"-::1 1!1.1:1 Mlh r1a1r.~i1, ~·1f ,M.~ffl ~Li1i1t 11111 Reception": 982206 12/20/2022 12 :48:32 PM Jean Rlberico 5 of 42 Rec Fee :$218.00 Doc Fee:0.00 GARFIELD COUNTY CO DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR McCLURE RIVER RANCH MASTER ASSOCIATION This Declaration of Covenants, Conditions and Restrictions for McClure River Ranch Master Association ("Declaration") is made effective as of the ~ day of Dete.mb er , 202~ by Aspen Polo Partners, LLP, a Colorado limited liability partnership ("Declarant"). RECITALS A. Declarant is the owner of certain real property in Garfield County, Colorado, which is more particularly described as set forth in Exhibit A attached hereto and by reference made a part hereof which is known as McClure River Ranch. B. Declarant desires to create a Common Interest Community on a portion of such real property, in which portions of such real property will be designated for separate ownership and uses. C. Declarant has caused the "McClure River Ranch Association, Inc.," a Colorado nonprofit Ranch Association ("Ranch Association"), to be incorporated under the laws of the State of Colorado, as an owners' association for the purpose of exercising the functions of that association. The Ranch Association is the "Master" Association for the McClure River Ranch common interest community. D. Declarant has also caused the "MRR Barn Lots Association, Inc.," a Colorado nonprofit corporation ("Barn Association"), to be incorporated under the laws of the State of Colorado, as an owners' association for the purpose of exercising the functions of that association . Declarant has caused a separate declaration of covenants, conditions and restrictions to be created and recorded with regard to the Barn Association. E. For the sake of clarity, the Ranch Association is the "master" association and the Barn Association is a "subsidiary" to the Ranch Association. The Barn Association will, as an association as a whole, elect one member of the Board of Directors of the Ranch Association and have one vote in the overall Ranch Association. F. Declarant reserves the right to create additional association(s) for the purpose of exercising owners' association functions on other portions of the real property described in Exhibit A and to annex other real property to the Community as described herein. ARTICLE 1: SUBMISSION/PURPOSE Section I.l Submission of Real Estate/Purpose. The Declarant hereby submits the real estate described in Exhibit B, and such additional real property as may be subsequently added pursuant to the expansion rights reserved in this Declaration, together with all easements, rights, and appurtenances thereto and the buildings and improvements erected or to be erected thereon (collectively, the "Real Estate"), to the provisions of the Colorado Common Interest Ownership Act, 1111 w1~.-W1~JJ1~~11.1vii~ ~11v1,~1 ~,,i,~\~I~: 11~, 11111 Reception#: 982206 12/20/2022 12:48:32 PM Jean Alberico 6 of 42 Rec Fee:$218.00 Doc Fee:0.00 GARFIELD COUNTY CO C.R.S. §§ 38-33.3-101, et seq., as it may be amended from time to time (the "Act") and to the terms and conditions of this Declaration. Declarant hereby declares that all of the Property described in such Exhibit B, and such real property as may be added by any expansion or annexation to the Community, shall be held or sold, and conveyed subject to the easements, covenants, conditions, and restrictions provided in this Declaration. Declarant further declares that this Declaration is made for the purpose of protecting the value and desirability of the Real Estate, that this Declaration shall run with the Real Estate and shall be binding on all parties having any right, title or interest in the Real Estate or any part thereof, their heirs, legal representatives, successors, and assigns and shall inure to the benefit of each Owner thereof. The name of the common interest community created hereby is the "McClure River Ranch" and is referred to herein as the "Ranch Association." It is the intention ofDeclarant, expressed by its execution of this instrument, that the lands within the Community shall be developed and maintained as a highly desirable equestrian and polo facility and rural residential area. It is the purpose of these covenants that the present natural beauty, the natural growth and native setting and surroundings of the Real Estate shall always be protected insofar as is possible in connection with the uses and structures permitted by this instrument. Section 1.2 Planned Community. The intent of the Declarant is that the Ranch Association shall be a planned community for purposes of the Act. ARTICLE 2: DEFINITIONS Section 2.1 Definitions. Each capitalized term in this Declaration or on the PUD Plan or the Plat shall have the meaning specified or as used in the Act, unless otherwise defined in this Declaration. The following terms shall have the following meanings: (a) "Act" means the Colorado Common Interest Ownership Act, C.R.S. §§ 38-33.3-101, et seq., as it may be amended from time to time. (b) "Allocated Interests" means the Common Expense liability of the Ranch Association as set forth on Exhibit E, except as provided for herein regarding the allocation of certain specific expenses. (c) "Architectural Guidelines" means the Architectural Guidelines for McClure River Ranch Association as adopted by the Board, including any amendment or supplement to such instruments. (d) "Assessment" includes all Common Expense Assessments and any other expense levied to a Lot or Tract pursuant to this Declaration or the Act by the Ranch Association. (e) "Association" means the Ranch Association. (f) "Barn Association" means MRR Barn Lot Association, Inc., a Colorado nonprofit corporation, and its successors. (g) "Barn Lot(s)" means any or all (as the context requires) of Lots 1 through 6 as shown on the Plat. 2 1111 ,w.,r.i1~.r11~1~r-111u~1!N'~l\)~!'i.jlllH1~,ii"~' 11111 Reception~: 982206 12/20/2022 12 :48:32 PM Jean Alberico 7 of 42 Rec Fee:$218.00 Doc Fee :0.00 GARFIELD COUNTY CO (h) "Barn Lots Gate" or "Gate" means an electronically operated gate to be constructed on Chukka Trail along (and extending across Chukka Trail) the eastern property line of Lot l and a portion of Tract A. (i) "Board" or "Board of Directors" means the body, regardless of name, designated in this Declaration or the Bylaws of the Ranch Association to act on behalf of the Ranch Association. G) "Cabins" means the residential structures which may be constructed on Tract A as shown on the Plat. (k) "Clubhouse Lot" means Lot 7 as shown on the Plat. (I) "Common Area" means any portion of the Community designated in this Declaration or on a Plat or any Supplemental Plat as Common Area or Open Space and which is owned or maintained by the Association for the common use and enjoyment of the Owners, including, but not limited to, pathways, trails, roads, entry features, etc. (m) "Common Expense" means any expenditure made or liability incurred on behalf of an Association, together with any allocations to reserves, other than expenditures relating to a particular Lot or that are based on actual usage by such Lot or an Owner. Common Expenses include all expenses of the Ranch Association incurred in accordance with this Declaration, specifically including but not limited to, section 3.3 and Article 4 hereof. (n) "Common Expense Assessment" means an Assessment levied for Common Expenses. (o) "Community" means and refers to the common interest community of McClure River Ranch also referred to herein as the Ranch Association or Association. (p) "Declarant" means the Declarant named in this Declaration, and any successor and/or assignee designated by written notice or assignment executed by Declarant and by the transferee and recorded, to the extent any rights or powers reserved to Declarant are transferred or assigned to such transferee. (q) "Declarant Control" means the period of time commencing on the date ofrecordation of this Declaration and expiring on the earlier of (i) sixty (60) days after conveyance of seventy-five percent (75%) of the Lots that may be created by Declarant, or (ii) two (2) years after the last conveyance of a Lot by Declarant in the ordinary course of business; provided, however, that if Declarant Control has not terminated pursuant to the foregoing provisions, Declarant Control shall in any case terminate on the date upon which all property that may be annexed into the Community has become a part of the Community and the last Lot within the Community that can be conveyed by Declarant has been conveyed by Declarant. (r) "Development Rights" or "Special Declarant Rights" means those rights set forth in this Declaration and those rights set forth in the Act. 3 1111 ~i~ .. r.i," ~1 1~1&:l.1,M ,Ii<~~~ ~n~r.11i,~,r ~11· ii'"~' 11111 Receptiontt: 982206 12/20/2022 12 :48 :32 PM Jean Alberico 8 of 42 Rec Fee :$218 .00 Doc Fee :0 .00 GARFIELD COUNTY CO (s) "Director" means any person serving as a member of the Board of Directors of the Ranch Association. (t) "Exercise Track" means a track or surface designed for exercising equines. (u) "Governing Documents" means this Declaration, the Plat, the PUD Plan, the PUD Guidelines, the Articles of Incorporation, Bylaws, Policies of the Ranch Association, Rules and Regulations of the Ranch Association, Architectural Guidelines and Water System Guidelines as all of the foregoing may be amended from time to time. All of the Governing Documents are incorporated herein by this reference. (v) "Improvement(s)" means structures installed within the Community or within or upon a Lot or Tract. (w) "Leach Field" means the septic drain field that is the physical location where final treatment and dispersal of effluent occurs. (x) "Lot" means a physical portion of the Community, designated for separate ownership, shown and designated as a Lot on the Plat for the Community, the boundaries of which are defined on the Plat and in this Declaration. (y) "Member" means and refers to those persons or entities entitled to membership in the Association, as provided herein or the Bylaws of the Ranch Association. Members are Owners and Owners are Members. (z) "Mortgage" means any mortgage, deed to secure debt, deed of trust, or other transfer or conveyance for the purpose of securing the performance of an obligation including, but not limited to, a transfer or conveyance of fee title for such purpose. (aa) "Mortgagee" or "Mortgage Holder" means the holder of any Mortgage. (bb) "Nonprofit Act" means the Colorado Revised Nonprofit Corporation Act, C.R.S . §§ 7- 121-101, et seq. (cc) "Officer" means any person serving as an officer of the Ranch Association in accordance with the Bylaws. (dd) "On-Site Wastewater Treatment System" or "OWTS" means compartmentalized water treatment system associated with an approved OWTS permit. This system is intended to treat, neutralize, stabilize, and dispose of sewage that is not part of or connected to a sewage treatment works. ( ee) "Owner" means the Declarant or any other person or entity that owns a Lot or Tract. (ft) "Permitted Transferee" means a (1) the spouse, children, grandchildren or great-grandchildren of an Owner, (2) a trust established for the sole benefit of an Owner or the spouse, 4 1111 ~1r.-M,.1-'.il1 "'1i 1(/V Ill.HU~ N.11~! ~·,n.1~:,,.i.111t 11111 Recepticntt: 982206 12/20/2022 12:4B :32 PM Jean Alberico 10 of 42 Rec Fee :$218.00 Doc Fee:0.00 GARFIELD COUNTY CO Association, including any amendment or supplement to such instruments. (pp) "Subassociation" means any Colorado nonprofit corporation, and its successors and assigns, organized and established by Declarant within the Community, including the Barn Association. (qq) "Subdivision" and the term "Subdivide". The term "Subdivision" shall mean the McClure River Ranch according to this Declaration and the Plat. The terms "subdivide" or "subdivided" shall apply to the creation of a separate Lot or Tract processed as a subdivision under the terms of the Garfield County Land Use Code. (rr) "Tract" means an area of land designated as such on the Plat. There are three Tracts (A, B & C) shown on the Plat. Tract C has not, as of the date of this Declaration, been submitted to the Community, but Declarant has reserved the right to annex such Tract C to the Community. (ss) "Votes" means the Votes allocated to a member of the Ranch Association as set forth on Exhibit E. (tt) "Water System Guidelines" means the Water System regulations for the Association as adopted by the Board, including any amendment or supplement to such instruments. (uu) "Water System" means the Ponds, ditches, wells and well houses, casings, pumps and pump houses, pipes, valves, any related well equipment, and any related water delivery infrastructure for both potable and non-potable water, including irrigation. (vv) "Wells" means all water wells on Community property. All wells within the Community shall be held in the name of the Ranch Association, no matter where located or who pays for drilling a Well or which or how many Owners are served by a particular Well. ARTICLE 3: McCLURE RIVER RANCH ASSOCIATION Section 3.1 Allocated Interests and Voting Rights in the Ranch Association. All persons or entities who own or acquire the title in fee to Tract A, Tract B or Lot 7, by whatever means acquired, shall automatically become a "Member" of the Ranch Association. Further, the Barn Association, itself, shall be a Member of the Ranch Association. 3. I. I The Allocated Interests of the Members of the Ranch Association are as set forth on Exhibit E. The Allocated Interests in the Ranch Association shall be one interest each to Tract A, Tract B, Lot 7 and the Barn Lot Association. In the event any of the Reserved Property is annexed to the Community, the formula for allocation of the Allocated Interests shall be a fraction the numerator of which is one and the denominator of which is the total number of memberships in the Ranch Association. 3 .1.2 Each membership shall be entitled to one (1) vote in the Association. If more than one (1) individual or entity owns a Lot or Tract, a representative of such multiple Owners shall be designated and shall vote all the votes allocated to such membership. There shall be 6 1111 WJ~ .. w~1~1 ~,:111M.v.1t1:1~~1~~1,:,i1J~,~~iw.111, 11111 Reception~: 982206 12/20/2022 12:48 :32 PM Jean Alberico 11 of 42 Rec Fee:$218.00 Doc Fee :0.00 GARFIELD COUNTY CO no fractional voting permitted. The Barn Association membership shall have one vote and it shall be cast by the member of the Barn Association appointed by the Barn Association to the Board of Directors of the Ranch Association. 3.1.3 The Members representing a majority of votes in the Ranch Association shall constitute a quorum. 3.1.4 In the event future Lots or Tract are created within Tract A or Tract B as a result of the exercise of reserved development rights, each such Lot shall be entitled to a membership in the Ranch Association or, in Declarant's discretion, any other Association created on behalf of such owners of Lots in Tract A or Tract B. Section 3.2 Governing Instruments. The administration of the Ranch Association shall be subject to this Declaration, the Articles of Incorporation of the Ranch Association, Bylaws of the Ranch Association and any Rules and Regulations promulgated by the Ranch Association. In the event of any conflict between this Declaration and the Barn Declaration, this Declaration shall govern and control. Section 3.3 Authority. The Association shall perform the functions and manage the Community as provided in this Declaration so as to protect the value and desirability of the Community and to further the collective interests of the Owners. The business affairs of the Community shall be managed by the Association, acting though its Board of Directors. The Association shall have all of the powers, authority and duties permitted or set forth in the Act and/or the Nonprofit Act, including the authority to adopt and enforce such Rules and Regulations, Architectural Guidelines, and Water System Guidelines for the Community as the Board of Directors shall deem appropriate. The Association shall have the power to assign its right to future income, including the right to assign its right to receive Common Expense Assessments, but only upon the affirmative majority vote of the Members present at a meeting called for that purpose. Specifically, in addition to the general duties of managing the business and affairs of the Association, the Board of Directors of the Ranch Association shall have the powers and duties of: (i) operation, maintenance, repair and replacement of the OWTSs, Water System, all utilities, roads, fences, weed control and all irrigation and landscaping of the Ranch Community, except as provided in and subject to the expense prorations provided in Sections 4.4, 4.5 and 4.6 below; (ii) to adopt reasonable rules and regulations governing the use, occupancy and alienation of Lots; and (ii) enforcement of the provisions of this Declaration, the Articles and Bylaws of the Ranch Association, and any Rules and Regulations, Architectural Guidelines and Water System Guidelines adopted by the Board of Directors. The Board of Directors shall act by majority vote. The functions and duties of the Barn Association provided in the Barn Declaration and provided in Section 4.4 below may by agreement between the Association and Barn Association be performed by the Association and assessed to the Barn 7 1111 W,1~.i~tlf,•~1 ~1~1 r,r.1t~1rli'r.~1~W.~~J¼'KNIIK1i'1, II !II Reception~: 982206 12/20/2022 12:48:32 PM Jean Alberico 12 of 42 Rec Fee :$218 .00 Doc Fee:0.00 GARFIELD COUNTY CO Association. Section 3.4 Option to Engage Professional Management. The Board of Directors may employ a professional management agent or agents at such compensation as the Board of Directors may establish to perform such duties and services as the Board of Directors shall authorize. The Board of Directors may delegate such powers as are necessary to perform the manager's assigned duties, but shall not delegate policy-making authority or those duties set forth in Section 3.6 (with respect to adoption of the budget), Section 4.2 (in regard to the exercise of discretion in allocating costs to particular Tracts or Lots or subsidiary associations) and all of Article 5 (Architectural Control). The Board of Directors may delegate to one (I) of its Members the authority to act on behalf of the Board of Directors on all matters relating to the duties of the managing agent or manager, if any, which might arise between Board of Directors meetings. Section 3.5 Election of the Board. The Board of Directors of the Ranch Association shall be composed of four ( 4) seats. One person or entity that owns more than one Tract and/or Lot may hold multiple seats and will be entitled to one vote for each seat. One member of the Board of Directors shall be appointed by the Barn Association, one member of the Board of Directors shall be appointed by the Owner of each of Tract A, Tract B and Lot 7. The member of the Ranch Association appointed to the Board by the Barn Association shall be a Barn Lot Owner. Declarant reserves the right to expand the Board of Directors to five (5) Members in the event Tract C shall be annexed to the Community. Section 3.6 Budget. The Ranch Association must prepare an annual budget. Within thirty (30) days after adoption of any proposed budget for the Ranch Association, the Board of Directors shall mail, by ordinary first-class mail, or otherwise deliver (electronic mail shall be acceptable) a summary of the budget to all the Members and shall set a date for a meeting of the Members to consider ratification of the budget not less than fourteen (14) nor more than sixty (60) days after mailing or other delivery of the summary. Unless at that meeting a majority of all Members reject the budget, the budget is ratified, whether or not a quorum is present. In the event that the proposed budget is rejected, the periodic budget last ratified by the Members must be continued until such time as the Members ratify a subsequent budget proposed by the Board. Section 3.7 Assessments. All Members shall be obligated to pay assessments imposed by the Ranch Association to pay the general overhead and management costs of the Ranch Association and expenses of management (including a reasonable management fee), operation, maintenance, repair and replacement expenses arising from the operation of the Community. Assessments shall be made in accordance with Article 4 below. Section 3.8 Assessment Lien. Assessments chargeable to any Lot, Tract or subsidiary association shall constitute a lien on such Lot or Tract superior to all other liens and encumbrances except: (i) liens and encumbrances recorded before the recordation of this Declaration; (ii) a security interest on the Lot or Tract which has priority over all other security interests on the Lot or Tract and which was recorded before the date on which the assessment sought to be enforced became delinquent; and (iii) liens for real estate taxes and other governmental assessments or charges against the Lot or Tract. Assessments chargeable to the Barn Association shall constitute a lien on all Barn Lots, jointly and severally. 8 - 1111 W/~Jll:(1111,m,:~ 1W1i ~\A:1~1h:tih:h,~1~i,i.~rJi\1~ 1111 l Reception~: 982206 . 1~/~~/~g2 ~0 ~2 F!~:~~1~M00J~~~ ~~~~~'.~0 GARFIELD COUNTY CO 3.8. l An assessment lien under this Section 3.8.J is superior to a security interest on the Lot or Tract which has priority over all other security interests on the Lot or Tract and which was recorded before the date on which the assessment sought to be enforced became delinquent to the extent of: (a) any attorneys' fees and costs being incurred in an action to enforce the lien; plus (b) an amount equal to the common expense assessments based on a periodic budget adopted by the Ranch Association which would have become due, in the absence of any acceleration, during the six (6) months immediately preceding institution of an action to enforce the lien, but in no event shall such priority accorded to the assessment lien exceed one hundred fifty percent (150%) of the average monthly assessment during the immediately preceding fiscal year multiplied by six (6). Section 3.9 Enforcement/Collection . This Section 3.9 does not affect the priority of mechanics, or materialmen's liens or the priority of liens for other assessments made by the Ranch Association. 3.9. l If any assessment shall remain unpaid twenty-five (25) days after the due date thereof, the Ranch Association may impose a surcharge of 1.75% of such assessment on the first day of each calendar month thereafter so long as such assessment shall be unpaid, provided, however, that the maximum surcharge in one (1) year shall be no greater than twenty-one percent (21 %). 3.9.2 Recording of this Declaration constitutes record notice and perfection of the lien. No further recordation is required. 3.9.3 The Ranch Association's lien may be foreclosed in like manner as a mortgage on real estate. 3.9.4 Upon such foreclosure, the Ranch Association's claim shall include the amount of unpaid assessments, penalties thereon, the costs and expenses of such proceedings, the costs and expenses of filing the notice of lien, and reasonable attorneys' fees, and any deficiency shall be a common expense assessed equally to all Lot and Tract Owners ( except Lots or Tracts owned by the Association). The Ranch Association may bid on the Lot or Tract at foreclosure sale and hold, lease, mortgage, or convey the same. Section 3.10 Statement of Assessments and Liability of Purchasers. The Ranch Association shall furnish to an Owner or his designee or to a holder of a security interest or its designee upon written request, delivered personally or by certified mail, first-class postage prepaid, return receipt requested, to the Ranch Association, a statement setting forth the amount of unpaid assessments currently levied against such Owner's Tract or Lot. The statement shall be furnished within fourteen (14) days after receipt of the request and is binding on the Ranch Association, the Board of Directors, 9 1111 W!~J~~.INI M1l.L'lit~r:,~»u',,,u,r1n1i'n'1i11t 11111 Reception#: 982206 _ 12/20/2022 12·4B·32 PM Jean Alberico 14 of 42 Rec Fee:$218.00 Doc Fee ,0.00 GARFIELD COUNTY CO and every Owner. If no statement is furnished to the Owner or holder of a security interest or their designee, delivered personally or by certified mail, first-class postage prepaid, return receipt requested, to the inquiring party, then the Ranch Association shall have no right to assert a priority lien upon the Lot or Tract for unpaid assessments which were due as of the date of the request. The grantee of a Lot or Tract shall be jointly and severally liable with the grantor for all unpaid assessments against the Lot or Tract accrued prior to the conveyance, without prejudice to the grantee's right to recover from the grantor the amounts paid by the grantee therefor. Section 3.12 Indemnification. To the fullest extent permitted by law, each Board member shall be and hereby is indemnified by the Owners and the Association against all expenses and liabilities, including attorneys' fees and expenses, reasonably incurred by or imposed upon them in any proceeding to which they may be a party, or in which they may become involved, by reason of being or having been a Board member, or any settlements thereof, whether or not they are a Board member at the time such expenses are incurred; except in such cases wherein such Board member is adjudged guilty of willful misfeasance in the performance of his or her duties; provided that in the event of a settlement, the indemnification shall apply only when the Board approves such settlement and reimbursement, which approval shall not be unreasonably withheld. Section 3.13 Power to Provide Services to Subassociations. The Ranch Association shall have the power, but not the obligation, to provide services to Subassociations. Such services to any Subassociation shall be provided pursuant to an agreement in writing between the Ranch Association and Subassociation, which shall provide for the payment by such Subassociation to the Ranch Association of the costs and expenses of the Ranch Association of providing such services to the Subassociation including a fair share of the overhead and expenses of the Ranch Association. Services which may be provided to a Subassociation may include, without limitation, (i) the construction, care, operation, management, maintenance, repair, and replacement of improvements owned by the Subassociation; (ii) the providing of services to the area covered by the Subassociation; (iii) the enforcement of the provisions of any Governing Documents for, on behalf of, and in the name of the Subassociation; (iv) the collection of assessments for, in the name of, and on behalf of, a Subassociation; (v) the obtaining of insurance for a Subassociation; (vi) the collection of charges for uses of facilities of a Subassociation; and (vii) the appointment and supervision of a manager for a Subassociation. ARTICLE 4: ASSESSMENT RESPONSIBILITY Section 4.1 Creation of Association Lien and Personal Obligation to Pay Common Expense Assessments. Declarant, for each Member and for each Tract and Lot ( except for any Lot or Tract owned by the Ranch Association), shall be deemed to covenant and agree, and each Owner, by acceptance of a deed therefor, whether or not it shall be so expressed in any such deed or other conveyance, shall be deemed to covenant and agree to pay to the Association annual Common Expense Assessments and such other Assessments as are imposed by the Association. Such Assessments, including fees, charges, late charges, attorney fees, fines and interest charged by the Association shall be the personal obligation of the Owner of such Lot or Tract from and after the time when the Assessment or other items charged by the Association become or fall due. The Association annual Common Expense Assessments and such other Assessments as are imposed by the Association, including fees, charges, late charges, attorney fees, fines and interest charged by the 10 1111 ~tJt11ftlt1l 1,M1~r.l~ ~ l~t!,\M1,l.WI~ ~,~:,~ i 111), ll 111 Recepticnij; 982206 12/20/2022 12:4B:32 PM Jean Alberico 15 cf 42 Rec Fee :$21B.OO Doc Fee:O.OO GARFIELD COUNTY CO Association, shall be a charge on each Member and shall be a continuing lien upon the Lot or Tract against which each such Assessment or charge is made. If any Assessment is payable in installments, the full amount of the Assessment is a lien from the time the first installment becomes due. The personal obligation to pay any past due sums due the Association shall not pass to a successor in title unless expressly assumed by them and approved by the Board of Directors. No Owner may become exempt from liability for payment of the Common Expense Assessments or other Association charges by waiver of the use or enjoyment of the property within the Community or by abandonment of the Lot or Tract against which the Common Expense Assessments are made. All Assessments and other Association charges shall be payable in the amounts specified in the levy thereof, and no offsets or reduction thereof shall be permitted for any reason including, without limitation, any claim that the Association or the Board is not properly exercising its duties and powers under this Declaration. Section 4.2 Apportionment of Common Expenses. Except as provided in this Declaration, all Common Expense Assessments shall be assessed against all Lots or Tracts or subsidiary association(s) (except for any Lot or Tract owned by the Ranch Association) in accordance with formulas and allocations of or for liability for the Common Expenses as set forth in this Declaration. To the extent a cost or expense is not described herein or is not specifically allocated to a Lot, Tract or subsidiary association, the Board of Directors shall have authority to allocate any such cost or expense in any reasonable manner. Section 4.3 All Lots and Tracts. The following Common Expense liabilities shall be paid for one-fourth each by the Owners of Tract A, Tract B, Lot 7 and the Barn Association: All Common Expenses not specifically described in Section 4.4, 4.5 or 4.6, below, including but not limited to, expenses for property management and ranch maintenance employees, insurance, security costs, property taxes for any Association-owned real estate, accounting or attorney fees (including fees related to wells, ditches and perfecting and protecting water rights); utilities and other fees that are not attributable to a specific Lot or Tract or subsidiary association; common landscaping (such as at primary entrance and along Chukka Trail east of the Barn Lots Gate), common lighting and weed control; all costs of operation, maintenance, repair and replacement of all ditches serving the Community; and all costs of operation, maintenance, repair and replacement of the maintenance barn and associated dwelling units on Tract B. Section 4.4 Barn Association. The following Common Expense liabilities shall be assessed to and paid for solely by the Barn Association: all expenses for operation, maintenance, repair and replacement of or for Chukka Trail to the west of the Barn Lots Gate, 50% of Chukka Trail to the east of the Barn Lots Gate (including snow removal), the Barn Lots Gate, landscaping west of the Barn Lots Gate, all aspects of irrigation and operation of the Water System within the Barn Lots. Section 4.5 Ranch Association. The following Common Expense liabilities shall be paid for one-third each by the Owners of Tract A, Tract B and Lot 7: all expenses for operation, maintenance, repair and replacement of or for 50% of Chukka Trail to the east of the Barn Lots Gate (including snow removal), parking and tailgating and associated areas on Tract A, irrigation on Tract A, Tract Band Lot 7, walking and riding trails on and around Tract A, Tract B, and the Water Well on Lot 7. 11 1111 w.1~_.~'r,:tl1~1.,1,l ,t!fl~l rJr1~ l•h'J'~ ·1: ~i~,~ w .. 1t 11111 Reception#: 982206 12/20/2022 12,48,32 PM Jean Alberico 17 of 42 Rec Fee:$218,00 Doc Fee:0.00 GARFIELD COUNTY CO member of the Architectural Committee shall have a three (3) year term, which may be renewed at the discretion of the Board of Directors. The Architectural Committee shall have and exercise all of the powers, duties, and responsibilities set out in this instrument, and unless required by law, may, but shall not be required to, establish guidelines and requirements for compliance with its authority, including the establishment of costs and fees reasonably related to the processing and evaluation of requests for Committee action. Section 5.2 Approval by Architectural Committee. No improvements of any kind, including but not limited to dwelling houses, barns, stables, outbuildings, swimming pools, tennis courts, ponds, driveways and parking areas, fences, walls, garages, antennae, flagpoles, curbs, walks, landscaping, irrigation ditches or structures, and wells shall ever be constructed or altered (including any change in exterior color or materials), on any lands within the Community, nor may any vegetation be altered or destroyed nor any landscaping performed on any Lot or Tract, unless the complete architectural plans for such construction or alteration or landscaping are approved in writing by the Architectural Committee prior to the commencement of such work. Any such plans submitted to the Architectural Committee for approval shall be drafted in accordance with, and subject to the P.U.D. Plan Map and PUD Guide and Architectural Guidelines. Minor adjustments to the location of building envelopes and barn envelopes may be allowed by the Architectural Committee, where necessary to avoid interference with irrigation ditches, septic systems, structures, ponds or easements, subject to obtaining County approvals where necessary. No person shall have the right to rely on any verbal approval. In the event the Architectural Committee fails to take any action within sixty (60) days after complete architectural plans for such work have been submitted to it, then all of such submitted architectural plans shall be deemed to be approved, except for any changes or alterations to any irrigation ditch, irrigation-related structure, or anything else related to the water system for which such inaction shall be deemed a denial. In the event the Architectural Committee shall disapprove any architectural plans, the person or association submitting such architectural plans may appeal the matter to the next annual or special meeting of the Members of the Ranch Association, where a vote ofat least two-thirds (2/3) of the votes entitled to be cast at said meeting shall be required to change the decision of the Architectural Committee. Architectural Committee approval is not required for the establishment of lot lines, building envelopes, roads, driveways, ponds and other matters which are included in any Garfield County land use approval for the entitlements of the Community. Section 5.3 Variances. Where circumstances, such as topography, location of property lines, location of trees and brush, irrigation ditches, structures, ponds or other irrigation necessities or other matters require, the Architectural Committee may allow reasonable variances as to any of the covenants contained in this Declaration, on such terms and conditions as it shall require and said decision of the Committee shall be final and non-appealable. Section 5.4 General Requirements. The Architectural Committee shall exercise its best judgment to see that all improvements, construction, landscaping and alterations on the lands within the Community conform and harmonize with the natural surroundings and with the existing structures as to external design, materials, color, siting, height, topography, grade, landscaping and finished ground elevation. Section 5.5 Preliminary Approvals. Persons or associations who anticipate constructing 13 1111 W)r.,~ J1.l~1~U~1 l~vu,,a.,~Wh:i'.~l~.H~~, i 1i'~1 11111 Reception«: 982206 12/20/2022 12,48,32 PM Jean Alberico 18 of 42 Rec Fee,$218.00 Doc Fee,0.00 GARFIELD COUNTY CO improvements on lands within the Community, whether they already own lands in the Community or are contemplating the purchase of such lands, may submit preliminary sketches of such improvements to the Architectural Committee for informal and preliminary approval or disapproval, but the Architectural Committee shall never be finally committed or bound by any preliminary or informal approval or disapproval until such time as complete architectural plans are submitted and approved or disapproved. Section 5.6 Architectural Plans. The Architectural Committee shall disapprove any architectural plans submitted to it which are not sufficient for it to exercise the judgment required of it by this Declaration or the Architectural Guidelines. Section 5.7 Architectural Committee Not Liable. The Architectural Committee shall not be liable in damages to any person or association submitting any architectural plans for approval, or to any Owner or Owners of lands within the Community, by reason of any action, failure to act, approval, disapproval, or failure to approve or disapprove, with regard to such architectural plans. Any person or association acquiring the title to any property in the Community, or any person or association submitting plans to the Architectural Committee for approval, by so doing agrees and covenants that he or it will not bring any action or suit to recover damages against the Architectural Committee, its members as individuals, or its advisors, employees, or agents. Section 5.8 Written Records. The Architectural Committee shall keep and safeguard for at least five (5) years complete permanent written records of all applications for approval submitted to it (including one (1) set of all architectural plans so submitted) and of all actions of approval or disapproval and all other actions taken by it under the provisions of this instrument. Section 5.9 Appeal to Board of Directors. Any final decision of the Architectural Committee may be appealed to the Board of Directors within fourteen (14) days of the decision by delivering a notice thereof to the President of the Ranch Association or to the Registered Agent of the Ranch Association, as such Registered Agent is identified in the records of the Colorado Secretary of State. The Board of Directors shall act on the appeal at its next regularly scheduled meeting, or if approved by a majority of the Board of Directors, at a Special Meeting of the Board of Directors held for the purpose of hearing the appeal. The Board of Directors shall provide a written decision concerning the appeal to all interested parties within seven (7) days of the date the appeal was heard. Section 5.10 Rules and Guidelines. The Architectural Committee shall be entitled to adopt such rules, guidelines and procedures as it shall in its reasonable discretion desire for the Community. Section 5.11 Architectural Guidelines. The Architectural Committee and Board have established an initial set of rules, procedures, standards, guidelines and requirements, including, without limitation, architectural, design and development standards and guidelines, which shall govern the review and approval or disapproval of proposed plans within the Community and other matters provided for therein. The Architectural Committee and Board may make such amendments, deletions or additions to the Architectural Guidelines as they deem necessary or appropriate from time to time to accomplish the purposes of (and as are not in conflict with) the Governing Documents. The Architectural Guidelines (as they may be amended from time to time) are hereby incorporated herein and shall be deemed to be a part of this Declaration and shall be binding on the Community, and all 14 1111 ~~.1~'1 ~1~l ~'~ 1!1111 ,~11:,1:,11~:.'1~\~IJ IJ ~'\Uii~ 11111 Reception»: 982206 12/20/2022 12:48:32 PM Jean Alberico 19 or 42 Rec Fee :$21B.00 Do c Fee :0 .00 GARFIELD COUNTY CO Lots, Owners , occupants, Members or other persons as if expressly set forth herein. The Architectural Committee and Board shall have the authority and obligation to determine the existence of any violation of the Architectural Guidelines or of any approvals granted or other decisions made by, or other requirements of the Architectural Guidelines, which determination shall be binding on the Owners. Section 5.12 Owner's Non-Compliance. In the event that Owner fails to obtain necessary approvals or fails to follow an approved plan, the Architectural Committee or Board shall issue a notice of non-compliance. If upon the expiration of thirty (30) days from the date of such notification of non-compliance, the Lot Owner shall have failed to remedy such non-compliance, the Board may enter the Lot at any reasonable time after notice to Owner, without being deemed guilty of trespass, and remove the noncomplying Improvement or otherwise remedy the non-compliance, and Owner shall reimburse the Association, upon demand, for all expenses, including interest on monies expended and attorneys' fees incurred in connection therewith. The right of the Association to remedy or remove any non-compliance shall be in addition to all other rights and remedies which the Association may have at law, in equity, or under the Governing Documents; and the Lot Owner shall have no claim for damages or otherwise on account of the entry upon the property and remedying or removal of the non-complying improvement. ARTICLE 6: GENERAL RESTRICTIONS ON ALL LOTS AND TRACTS Section 6.1 Zoning Regulations. No lands within the Community shall ever be occupied or used by or for any structure or purpose or in any manner which is contrary to the zoning regulations and entitlement approvals of Garfield County, Colorado, including the PUD Plan and the PUD Guide, validly in force from time to time as the same may be amended, except as the same may be allowed under said regulations as a nonconforming structure or use. Subject to the right of the Declarant to exercise reserved Development Rights, no lands within the Communities, shall be further subdivided without the approval of the Board of County Commissioners of Garfield County, Colorado. Section 6.2 No Mining, Drilling, or Quarrying. No mining, quarrying, tunneling, excavating, or drilling for any substance within the earth, including, but not limited to, oil, gas, minerals , gravel, sand, rock, geothermal and earth, except for activities conducted under prior mineral reservations , agricultural, utility, water and septic purposes shall ever be permitted within the limits of the Community. Section 6.3 No Business Uses. Except for conducting Polo and other recreational events, no lands within the Community shall ever be occupied or used for any non-agricultural commercial or business purpose without the consent of the Board of Directors, nor for any noxious activity, and nothing shall be done or permitted to be done on any of said lands which is a nuisance or might become a nuisance to the Owner or Owners of any of said lands. Nothing herein shall be deemed to prohibit recreational facilities or activities including, without limitation, polo events, equestrian, horse boarding and training, horse shows and other equestrian sports or equestrian events which are open to the public, tennis, golf, etc., nor any home occupation provided the same is permitted under the Garfield County Land Use Code in effect and as amended from time to time and further provided such use does not constitute a nuisance or violate any other provision of this Declaration. 15 1111 wi~ .. mlt.1~1.~~1.11tt ~~ t11Vl I fMij.'-Cll\:,n'iJ\iw. 11111 Reception~: 982206 12/20/2022 12:48:32 PM Jean Alberico 20 of 42 Rec Fee:$218 .00 Doc Fee :0.00 GARFIELD COUNTY CO Section 6.4 Signs. No advertising signs, billboards, unsightly objects, or nuisances shall be erected, altered, or permitted to remain on any Lot or Tract in the Community. Directional signs and special event signs shal I be permitted on approval of the Architectural Committee. Section 6.5 No Discharge of Firearms. The discharge of firearms shall not be permitted on any of the lands in the Community without approval of the Board of Directors and only if reasonably related to bona fide ranching or farming necessities. Hunting activities may take place only with the prior written consent of the Board of Directors, and notwithstanding any such consent, shall not be conducted in a manner that is disruptive of the peace and tranquility of adjacent properties nor in a manner that could or is likely to create a threat to the safety of persons or property. Section 6.6 Towers and Antennae. No towers or radio or television antennae or satellite transmission receiving antennae, except for those with a diameter of thirty-six inches (36") or less, shall be erected on any Lot or Tract without approval of the Architectural Committee. Section 6.7 Tanks. No tanks of any kind shall be erected, placed, or permitted upon any Lot or Tract unless buried or if located above ground the location and screening shall be as determined and approved by the Architectural Committee. Section 6.8 Used or Temporary Structures. No used or previously erected or temporary house, structure, house trailer, or nonpermanent outbuilding shall ever be placed, erected, or allowed to remain on any Lot or Tract, except, as may be approved by the Architectural Committee or to the extent permitted by all applicable County regulations, during construction periods, and no dwelling house shall be occupied in any manner prior to its completion. Section 6.9 Exterior Lighting. All exterior lights and light standards on Lot or Tracts shall be approved by the Architectural Committee for harmonious development and the prevention of lighting nuisances to other lands in the Community and shall also fully comply with any applicable Garfield County lighting regulations. Section 6.10 Dust Control. Each Owner shall be responsible for ongoing dust control on any driveway within any Lot or Tract owned by said Owner. The Ranch Association shall take reasonable steps to ensure minimal dust pollution results from roads within the Community and such roads may, in the discretion of the Ranch Association, be treated as necessary with magnesium chloride or other dust suppressants. The Ranch Association shall have the right to treat private driveways and assess the costs thereof against the respective Owner if such Owner fails to fulfill his responsibility for his individual dust control. Nothing herein shall be deemed to require control of dust resulting from agricultural activities such as, without limitation, tilling and crop rotation. Section 6.11 Weed Control. The Ranch Association may, in its discretion, implement and follow a program of noxious weed control which may address the control and elimination of Canadian Thistle and other noxious or undesirable weeds. The Ranch Association shall have the right to enter upon any Lot or Tract and conduct a weed control program within the area of such Lot or Tract lying outside of the building envelope shown on the Plat. Section 6.12 Road Damage. Each Owner of a Lot or Tract is responsible for any damage caused to the roadways within the Community during the construction of improvements upon such 16 1111w,1~ .. ~~t1t1~11~LW.J'i~,~~~-~t1;,r,!~r1,lf.'i,,2ii,"~ 11111 Receptiontt: 982206 12/20/2022 12:48:32 PM Jean Alberico 21 of 42 Rec Fee:$218 .00 Ooc Fee :0 .00 GARFIELD COU NTY CO Owner's property by any vehicle or equipment belonging either to said Owner or to any person or entity using the roads within the Community while engaged in any activity benefitting said Owner. Metal treads or other "lugged" tread or tired vehicles are not permitted to drive across the roads within the Community; however, such equipment may access lands within the Community on a trailer or flatbed vehicle as may be appropriate provided any damage resulting therefrom is repaired and paid for as provided herein. Each Owner shall also be responsible for any damage caused by utility cuts in roads, washouts and run off damage caused by failure to install culverts properly and in a timely manner as may be necessary in connection with the construction of improvements upon or any other uses made by such Owner to his Lot or Tract. The Board of Directors shall have the right to establish, implement and enforce an impact fee system to allocate costs for road damage and general wear and tear on the roads within the Community upon terms and conditions which said Board deems best in the interests of the Members of the Community. Such impact fee system may include charges based upon "per vehicle", "per load", "per ton", or "per trip" calculations. Said system may also deny access to the Community to any vehicle for which said impact fee has not been paid. The Board may also implement and enforce weight limits on the roads within the Community. Section 6. I 3 Sanitary Systems. No sewerage disposal system, sanitary system, cesspool, or septic tank shall be constructed, altered, or allowed to remain or be used on any Lot or Tract unless fully approved as to design, capacity, location, and construction by all proper public health agencies of the State of Colorado and Garfield County; and unless approved by the Architectural Committee. On-site wastewater treatment systems shall be prohibited on any lot or parcel of one acre or less in size. Provided, however, lots less than one acre within Zone 1 (as defined on the PUD Plan Map recorded in the Garfield County Records as Reception No. 945440) may be connected to an OWTS on another parcel greater than one acre with easements as depicted on the Plat. In the event a wastewater treatment facility ("WWTF") is developed in the Community the WWTF shall be sized appropriately to accommodate all potential residential and commercial uses including any structures which may be built on the Reserved Property. In the event a WWTF is constructed, any property within the Community which is connected to an OWTS shall connect to the WWTF in the event the OWTS shall be in need ofreplacement. Section 6.14 Special Events . No special events or activities within the Community, including at the Clubhouse or on any Tract, shall occur without an operations plan approved by the Board of Directors providing for adequate parking and health and safety measures, including but not limited to access to bathroom facilities. Section 6.15 Wildlife Provisions. The following provisions shall apply to all property within the Community. 6.15 .1 All new fencing shall be "wildlife friendly" as defined and described by the Colorado Parks and Wildlife regulations in effect at the time of construction of any fence. 6.15.2 Landscaping designs shall preclude berry, fruit or nut producing trees and shrubs to reduce attractants for bears and other wildlife. 6.15.3 All trash, horse grain/feed and food-related items shall be stored indoors or within bear-proof containers. 17 1111 WJ~_.r« W:1:\ ,1111 Mtl l\(/~~111 iirti1~i~11.a•~~ iii 11111 Receptionij: 962206 12/20/2022 12:48:32 PM Jean Alberico 22 of 42 Rec Fee,$218.00 Doc Fee:0.00 GARFIELD COUNTY CO 6.15.4 All ponds shall be constructed with at least one bank having a minimum slope of three to one, preferably five to one, to allow ingress and egress of wildlife. If plastic liners are used in a pond, a minimum of 18 inches of topsoil shall be used on top of such liners. 6.15.5 All trails through riparian habitats shall be minimized and shall provide adequate signage to keep users on designated routes. Section 6.16 Violation of Law, Insurance, Etc. No Owner, or occupant or person, shall do any act or cause or permit anything to be done or kept in or upon a Lot or any structure constructed thereon, or within the Community, which would result in the increase of, or cancellation of, insurance maintained by the Ranch Association or would be in violation of any federal, state, town or other law, ordinance, regulation or code of any governmental body having jurisdiction, or any Rules and Regulations, or any provision of this Declaration. Section 6.17 General Maintenance of the Community. All property within the Community, including without limitation all Lots (including unimproved Lots, and Lots on which Improvements are under construction), Tracts, landscaping, and Ponds, shall be kept and maintained in a clean and attractive condition and in good order, condition and repair. 6.17. l Except as specifically set forth in this Section, maintenance, repair, and upkeep of each Lot and Improvements thereon (including attractive painting and refinishing thereof at regular intervals) shall be the responsibility of the Owner of the Lot or Tract. Such maintenance and repair shall be performed by each Owner whenever necessary or appropriate and at regular intervals in order to keep the Lot and Improvements in substantially the same condition and appearance as existed at the time of completion of construction, subject to normal wear and tear that cannot be avoided. Said Owner obligations shall include all maintenance, repair or replacement required as a consequence of any fire, wind, vandalism, theft or other casualty. 6.17.2 If an Owner fails to perform any obligations herein within ten (10) days following receipt of a written notice from the Board requesting the same, the Board shall have the right to enter upon the Lot of the Owner to cure the violation, to perform any needed repairs or maintenance, or to otherwise cause compliance with this Section, and to levy and collect a reimbursement upon the Owner and its Lot for the costs and expenses incurred by the Association in connection therewith. The Board shall have no right to enter the interior of any structure on a Lot without the consent of the Owner except in the case of a clear emergency. Section 6.18 Rentals and Leases. In order to maintain a peaceful, safe and nuisance free Community, the Board may adopt reasonable rules and regulations governing rentals and leases of Lots. Section 6. I 8.1 Except for rentals of a Cabin, short-term rentals of any Lot less than one year are not permitted. 18 1111 WJr.rlYi.~ lt1il ,!Kl.!lti1.l'.~ ~l~lum 1 "'(r.'.!r~Tili1,'1, 11111 Reception#: 982206 12/20/2822 12:48:32 PM Jean Alberico 23 of 42 Rec Fee:$218 .00 Doc Fee :0.00 GARFIELD COUNTY CO Section 6.18.2 Except with regard to Cabins, all rentals and leases shall be in writing, and must cover the entire Lot (i.e., no renting or leases of rooms or spaces or otherwise covering less than all of the Lot). All such agreements shall provide (i) the term and the occupant's use of the Lot shall be subject in all respects to the Governing Documents; (ii) the occupant has reviewed copies of said documents; and (iii) any failure by the occupant to comply with any of the aforesaid documents, in any respect, shall be a default by the occupant and Owner under the agreement which may be enforced against the occupant and/or Owner by the Board. Each Owner shall notify the Association immediately upon the rental or leasing of his/her Lot and shall provide the Association with a copy of the agreement with the name and mailing address of the Occupant. Section 6.18.3 Notwithstanding anything contained in this Section, Owner may from time-to-time permit guests to occupy the residence without restriction, provided the Association is given prior written notice of such occupancy. Section 6.18.4 Each Owner who rents or leases a Lot shall be responsible for assuring compliance by occupant with all of the provisions of the Governing Documents, and shall be jointly and severally responsible with the occupant for any violations thereof by the occupant. Section 6.18.5 Each Owner who rents or leases a Lot shall give the Association an irrevocable power of attorney to act on Owner's behalf to take any actions as may be necessary or appropriate to terminate said agreement and evict the occupant from the Lot in accordance with Section 6 .18.6. Section 6.18.6 In the event an occupant violates a prov1s10n in the Governing Documents, the Association shall give the occupant written notice that the occupant is in violation of one or more of the Governing Documents, specifying a period of time (at least five (5) days) in which the occupant may cure the violation. If the violation continues uncured, or if it is repeated within the term of the rental or lease, then the Association shall have the right to terminate the agreement and evict the occupant from the Lot as such power is granted to the Association in Section 6.18.5. Section 6.18. 7 Each Owner that rents or leases their Lot shall be required to obtain commercial liability insurance in connection therewith and name the Association as an additional insured. Section 6.19 No Hazardous or Unsafe Activities. No activity shall be conducted on any property within the Community which is or might be unsafe or hazardous to any person or property. Without limiting the generality of the foregoing, and except as allowed herein, no explosives, gasoline, fireworks, or other volatile and/or incendiary materials or devices or any materials deemed hazardous or toxic substances under applicable environmental laws, rules, or regulations shall ever be used, kept, stored, permitted to remain or be released or disposed of on any Lot or elsewhere within the Community. 19 1111w1f.1mir1t11111.tw1H~rli41~~tH"1~:~~r1iw1 11111 Reception~: 982206 12/20/2022 12·48-32 PM Jean Alberico 24 of 42 Rec Fee:$218 .00 Dec Fee :0.00 GARFIELD COUNTY CO Section 6.20 Vehicle Parking, Storage, Operation and Repair. Section 6.20.1 No boats, trailers (not including horse trailers), buses, motor homes, mobile homes, campers, snowmobiles, recreational vehicles, all-terrain vehicles, trucks, industrial or commercial vehicles, abandoned or inoperable vehicles, or any other similar vehicles shall be parked or stored on a street or upon any Lot in the Community. Notwithstanding the foregoing, the foregoing vehicles may be kept in enclosed structures or screened area approved in writing by the Architectural Committee. Vehicles may be temporarily parked on Lots and streets within the Community for loading, delivery or emergency purposes for the time required to accomplish such purpose, and as necessary on a daily basis for the construction, maintenance or servicing of Lots and the Community. Section 6.20.2 No motor vehicles of any kind shall be maintained, repaired, repainted, serviced or rebuilt on any Lot except within a completely enclosed area, which fully screens the sight and sound of the activity from other Lots and the Community. Section 6.20.3 In the event the Board or Architectural Committee shall determine that a vehicle is in violation of the provisions of this Section, a written notice of violation shall be delivered to the vehicle owner or shall be conspicuously placed upon the vehicle, and if the offending vehicle is not removed within seventy-two (72) hours thereafter, the Board or Architectural Committee shall have the right to remove and store the vehicle, or cause the vehicle to be removed and stored, at the owner's sole expenses, or at the sole expense of the Owner of the Lot on which the vehicle is located, and to enter upon an Owner's Lot for such purpose, all without liability on the part of the Board or Architectural Committee. Section 6.20.4 Snowmobiles, motorcycles, trail bikes, minibikes, dirt bikes, all-terrain vehicles, and similar motorized vehicles shall not be used or operated within the Community, except that motorcycles properly licensed for operation on public roads may be used on roadways within the Community. Section 6.20.5 Notwithstanding anything in this Section to the contrary, nothing herein shall be deemed to prohibit or impair the right to parking of any vehicle, the owner of which has the statutory right to park within the Community pursuant to Section 106.5 (I)( d) of the Act. Section 6.2 I Ponds. Section 6.21.1 No swimming or boating activities shall be conducted or allowed on any Ponds within the Community. Section 6.21.2 No animals are permitted in, nor may they drink from, any Ponds within the Community. Section 6.2 I .3 Owners may not use Ponds in connection with any Water Systems. Section 6.22 Irrigation. All irrigation practices within the Community shall be governed by 20 1111 Wi1~JMt~~.~~',~llfi'I ~,~, Nl1~.'£,.1"111'•\~t:7li1i'11 11111 Receptionij: 9B2206 12/20/2022 12:48:32 PM Jean Alberioo 25 of 42 Rec Fee:$218.00 Doc Fee:0.00 GARFIELD COUNTY CO the Architectural Guidelines and Water System Guidelines. Each Lot shall be allowed a maximum amount of irrigated area, as more specifically set forth in the Architectural Guidelines and Water System Guidelines. Section 6.23 Camping. No camping shall be allowed within the Community or upon any Lot. Section 6.24 Water Systems. All Water Systems must be managed, operated, maintained, repaired and replaced in accordance with the Water System Guidelines. Section 6.25 Right of Entry. During reasonable hours and upon reasonable notice to the Owner or occupant of a Lot, any member of the Architectural Committee, Board, or any authorized representative of either of the foregoing, shall have the right to enter upon and inspect any Lot, and the Improvements thereon, except for the interior portions of any occupied dwelling (which shall require the permission of the Owner or occupant, except in the case of emergency, when no notice or permission shall be required), for the purpose of ascertaining whether or not the provisions of the Governing Documents have been or are being complied with, or for the purpose of exercising any rights or performing any responsibilities (maintenance, repair, etc.) established by the Governing Documents, and such individuals shall not be deemed guilty of trespass by reason of such entry. Section 6.26 Health, Safety and Welfare. In the event any uses, activities or facilities within the Community are deemed by the Board to be an unreasonable annoyance or nuisance, or to adversely affect the health, safety or welfare of Owners, occupants, or property, including horses, the Board may amend the Rules and Regulations in order to appropriately restrict and regulate such uses, activities or facilities within the Community. Section 6.27 Declarant Activities. Nothing contained in the Governing Documents is intended or shall be construed to prevent, restrict, regulate or delay in any way Declarant's right and ability to develop, improve, maintain, repair, regulate, operate, administer, manage, market, sell, lease, encumber or dispose of the Community, the Lots, Tracts, or any part thereof. ARTICLE 7: RIGHT OF FIRST REFUSAL Section 7.1 Right of First Refusal. Except for a Permitted Transfer or a transfer to a Permitted Transferee, no disposition of Tract A, Tract B, Lot 7 (Clubhouse Lot) or a Barn Lot by any Owner shall be attempted, made, or effective unless and until the Owner proposing such disposition shall give notice to the Ranch Association thereof (which notice shall set forth the interest therein proposed for disposition, the name of the persons or entities to whom such disposition is proposed and the time, terms, and conditions of proposed disposition) ("ROFR"); and the Ranch Association (or the Ranch Association's designee) or, if the Ranch Association or the Ranch Association's designee does not so elect, the Clubhouse Lot Owner and any Tract Owner(s) shall have the right to acquire the property proposed for disposition in accordance with the manner, time, terms, and conditions in such notice. As used herein the term "disposition" shall mean any proposed sale or transfer of Tract A, Tract B, Lot 7 or any Barn Lot or the Lease thereof for a period of greater than five years. 21 1111 WJ~ .. ~1~1-ti,IU'Mti~ltd• IILii.1fi~r•~1 r~~ ,r1~W.111lr 11111 Reception~: 982206 12/20/2022 12:48:32 PM Jean Alberico 28 of 42 Rec Fee:$218.00 Doc Fee:0.00 GARFIELD COUNTY CO ARTICLE 10: RESERVATION OF DEVELOPMENT RIGHTS Section l 0.1 Development/Withdrawal Rights. Declarant expressly reserves the right to subdivide, condominiumize, plat and construct additional Lots, Tracts, units, common areas and dwelling units and associated roadways, driveways and access ways (the "Additional Improvements"), to subdivide Lots, relocate boundaries between Lots or Tracts or the Reserved Property, by subdivision or otherwise, and, as applicable, to submit such property to the Community, on all or any portion of the Community or the property described on Exhibit D (the "Reserved Property"). Tract C is not at the time of the initial recording of this Declaration submitted to the Community. Further, Declarant reserves the right to withdraw Tract A or Tract B or any portion thereof from the Community. Section l 0.2 Total Units/Lots. The Community presently contains seven (7) Lots and two (2) Tracts. An additional Tract (Tract C) is, at the time of recording this Declaration, owned by Declarant and, in Declarant's discretion, may be annexed into the Community. Pursuant to the PUD Guide, the Community is presently approved for the development of up to fifty-four (54) dwelling units. Subject to approval of the Garfield County Board of County Commissioners, Declarant reserves the right to construct and have ownership ofup to an additional forty-six (46) Lots and/or dwelling units in the Community including in the Reserved Property, to be platted and constructed in addition to the existing Lots and Tracts in the Community, for a maximum total ofone-hundred (l00) dwelling units, Lots or Tracts in the Community. Section I 0.3 Order of Development. Declarant may exercise its development rights on all or any portion of the Reserved Property or the Community owned by Declarant in whatever order of development Declarant, in its sole discretion, detennines. Section 10.4 Affordable Housing. Declarant reserves the right to develop on-site affordable housing in connection with the exercise of the above development rights and thereafter. Declarant also reserves the right to subdivide or condominiumize said affordable housing residences. Such affordable housing may be rental or for-sale housing, in Declarant's discretion. Such affordable housing may or may not, in Declarant's sole discretion, be submitted to or annexed to the Community. Section I 0.5 Entitlements. Declarant reserves the right to rezone and amend the PUD Guide or any other entitlements concerning the Community with regard to any of the Lots or Tracts or Reserved Property as may be approved by Garfield County. Section 10.6 Lot Line Adjustments. The Declarant reserves the right to adjust the common boundary lines between any Lot(s) or Tract(s) or Reserved Property owned by Declarant. Section 10.7 Amendment of the Declaration. IfDeclarant elects to exercise any or all of the development rights or other special rights reserved in this Declaration or the Act, Declarant shall record an amendment or supplement to this Declaration in the Garfield County records describing at a minimum the legal description of the additional or resulting Lots, Tracts or dwelling units; a description of any additional Common or Limited Common Elements; and a schedule indicating the resulting reallocation of the voting interests and Allocated Interests according to Section 3.1.1; provided, however, any new Lots or Tracts or dwelling units which are solely designated as being for 24 1111 w,~ .. ~~ilM1'.ll'lf 1~1J r:1A.,~ilC~'1'~'1\~~•w.111, 11111 Receptionij: 982206 12/20/2022 12 :48:32 PM Jean Alberico 31 of 42 Rec Fee:$218.00 Doc Fee:0 .00 GARFIELD COUNTY CO Section 1 I .2 Limitations on Actions Related to Construction. In the event any construction or alteration or landscaping work is commenced upon any of the lands in the Community in violation of any provision of this Declaration and no action is commenced within 365 days after the issuance of a certificate of occupancy or letter of completion for such construction or alteration or landscaping to restrain such violation, then injunctive or equitable relief shall be denied, but an action for damages shall still be available to any party aggrieved. Said 365-day limitation shall not apply to injunctive or equitable relief against other violations of this Declaration. No bond shall be required to be posted by any party seeking to enforce the provisions of this Declaration against the Owner of a Lot or Tract and all of said Owners hereby waive the requirement of posting a bond in such action. Section 11.3 Dispute Resolution. Except as otherwise provided herein, all claims, disputes, and other matters in question between the Owners or among the Board of Directors of the Ranch Association arising out of or relating to this Declaration, the Ranch Association, or the Lots or Tract, including any asserted default or breach with respect thereto, and including any "deadlock" resulting from a tie vote among the Board of Directors, shall be resolved initially by mediation unless the parties mutually agree otherwise. No mediation shall include by consolidation,joinder or in any other manner, parties other than the Owners, the Directors, and any other person substantially involved in a common question of act or law, whose presence is required if complete relief is to be accorded in the dispute resolution. In the event that a dispute or claim arises between the Owners or Directors, and the procedure for the resolution thereof is not set forth herein, that dispute or claim shall be submitted to resolution by three (3) individuals, all of whom shall either be: (i) a real property owner in the Roaring Fork Valley; or (ii) a licensed attorney whose main office is in the Roaring Fork Valley; or (iii) a licensed real estate broker whose main office is in the Roaring Fork Valley. Each side of the dispute or deadlock shall appoint one (1) such individual and the two (2) individuals appointed by each side of the dispute or deadlock shall appoint a third qualified individual. These three (3) individuals shall be called the Dispute Resolution Panel and the majority decision of the Dispute Resolution Panel shall be binding on the Owners or Directors as if made by mutual agreement. The costs and expenses of the Dispute Resolution Panel shall be borne equally by the Owners or the Association (if the dispute is a deadlock in the voting of the Board of Directors). In rendering any decision, the Dispute Resolution Panel shall follow insofar as is practicable the procedures of the American Arbitration Association. The award or decision rendered by the Dispute Resolution Panel shall be subject to appeal to a court of competent jurisdiction. Notice of the demand for dispute resolution shall be filed in writing with the other Owner or Directors as applicable. The demand for dispute resolution shall be made within a reasonable time after the claim, dispute, or other matter in question has arisen; and in no event shall it be made after the date when institution of legal or equitable proceedings based on such claim, dispute or other matter in question would be barred by the applicable statute oflimitations. Section I 1.4 Failure to Enforce. The failure of the Board to enforce any provision of the Governing Documents shall not be deemed a waiver of the right of the Board to do so thereafter. No right of action shall exist against the Association for failure of enforcement where: (i) the Board determines that the Association's position is not strong enough to justify taking enforcement action; (ii) a particular violation is not of such a material nature as to be objectionable to a reasonable person or justify the expense and resources to pursue; or (iii) the Owner or party asserting a failure of enforcement possesses an independent right to bring an enforcement action at law or in equity and has failed to do so. 27 1111 WJ~Jl(i1i 11.1,1 H~~l!t/ I,~•~ f~11rl~~lr\¥l n'Jn~ iv~1 11111 Receptiontt: 982206 12/20/2022 12:48:32 PM Jean Alberico 32 of 42 Rec Fee :$218.00 Doc Fee:0 .00 GARFIELD COUNTY CO ARTICLE 12: INSURANCE Section 12.1 Insurance. The Ranch Association may purchase property insurance policies covering the Community property, roads, easements, equipment, and other property that the Ranch Association, in its discretion, deems advisable. In addition, the Ranch Association may purchase commercial general liability insurance against claims and liabilities arising in connection with the ownership, existence, use, management or other activities related to the land shown on the Plat. The Ranch Association may purchase any other insurance policies it deems advisable. Section 12.2 Fidelity Insurance. If any Owner or employee of the Ranch Association controls or disburses funds of the Ranch Association, the Ranch Association must obtain and maintain, to the extent reasonably available, fidelity insurance with respect to such Owner or employee. Coverage shall not be less in aggregate than one year of current assessments plus reserves, as calculated from the current budget of the Ranch Association. 12.2.1 Any person employed as an independent contractor by the Ranch Association for the purposes of managing the Community must obtain and maintain fidelity insurance in an amount not less than the amount specified herein, unless the Ranch Association names such person as an insured employee in a contract of fidelity insurance. 12.2.2 The Ranch Association may carry fidelity insurance in amounts greater than required herein and may require any independent contractor employed for the purposes of managing the Project to carry more fidelity insurance coverage than required herein. Section 12.3 Insurance Premiums are Common Expenses. Premiums for insurance that the Ranch Association acquires and other expenses connected with acquiring such insurance are common expenses. Section 12.4 Owner Insurance Coverage Requirements. Each owner of property within the Community shall obtain General Liability Insurance in minimum amounts and with such coverages as may be determined from time to time by the Board of Directors and all such policies shall name the Ranch Association as an additional insured party. The Association shall have no liability for the failure of any Owner to maintain required insurance. In the event of payment of any loss covered by such policies, the Association shall be paid first by the insurance company for the Association's loss. Such policies shall also contain an express waiver of any right of subrogation by the insurance company against the Association and the Owners hereby waive their right of subrogation against the Association. Upon request by the Board, the Unit Owner shall furnish a copy of such insurance policy or policies to the Association. Section 12.5 Third-Party Insurance Requirements. Any person or entity leasing, occupying or otherwise using property within the Community for any equine activities on any portion of the Community property, including, but not limited to, any polo fields, exercise track, roadways, or trails, shall have in full force and effect prior to conducting any such activity commercial liability insurance naming the Ranch Association as an additional insured in amounts and with coverages as may be set from time to time by the Board of Directors. 28 1111 ~~-'~:Ji: IN 1.H:&. l,M ~~) "~1~"11~Jl 1i, (I.Mili11t 11111 Reception#: 982206 12/20/2022 12:48 :32 PM Jean Alberico 33 of 42 Rec Fee :$218 .00 Doc Fee :0 .OO GARFIELD COUNTY CO Section 12.6 Nonliability of Association and Board. Notwithstanding the duty of the Association to obtain insurance coverage, as stated herein, neither the Association nor the Board shall be liable to any Owner, Mortgagee or other person if any risks or hazards are not covered by insurance, or if the appropriate insurance is not obtained because such insurance coverage is not reasonably obtainable on the Association's behalf, or if the amount of insurance is not adequate, and it shall be the responsibility of each Owner or other person to ascertain the coverage and protection afforded by the Association's insurance and to procure and pay for such additional insurance coverage and protection as the Owner or such other person may desire, provided that Owners ( or their tenants) shall, in any event, be required to obtain the insurance specified in this Declaration. ARTICLE 13: GENERAL PROVISIONS Section 13. I Covenants to Run with the Land. All of the covenants, conditions and restrictions contained in this Declaration shall be a burden on the title to all of the lands in the Community, and the benefits thereof shall inure to the Owners of all of the lands in the Community. Section 13 .2 Termination and Amendment of Declaration. This Declaration and/or the Plat may be terminated or amended by the Owners of sixty-seven percent (67%) of the votes in the Ranch Association. A copy of any resolution of termination or amendment, certified as correct and complete and certifying that the requisite percentage of the Owners have approved such resolution, shall be placed of record in Garfield County, Colorado, not more than six (6) months after the date of said amendment. If this Declaration is so amended, then it shall continue in effect, as amended, for so long thereafter as may be stated in said amendment. Section 13.3 Severability. Should any part or parts of this Declaration be declared invalid or unenforceable by any court of competent jurisdiction, such decisions shall not affect the validity of the remaining covenants. Section 13.4 Repeal of the Act. In the event that the Act is repealed, the provisions of the Act immediately before its repeal shall control this Declaration. However, to the extent that the Bylaws of the Ranch Association differ from the Act as repealed, the provisions of the Bylaws shall control. Section 13.5 Section Headings. The Section headings in this instrument are for convenience only and shall not be construed to be a part of the covenants contained herein. Section 13.6 Notices. Except as otherwise provided in this Declaration or the Bylaws, all notices, demands, bills, statements, or other communications under this Declaration shall be in writing and shall be deemed to have been duly given if delivered personally or if sent by United States mail, first class postage prepaid: 13 .6 .1 if to a Member, at the address which the Member has designated in writing and filed with the Secretary or, if no such address has been designated, at the address provided for the Owner of such Lot or Tract in the Garfield County Assessor's Office; 13.6.2 ifto the Ranch Association, the Board of Directors, or any property manager, 29 1111 J,J~Jl1i 11'111 ~fJ,\1Mi !1uliri,11!•~~1\ '1 :,,:,JI\~ ivt 11111 Receptiontt: 982206 12/20/2022 12:48:32 PM Jean Alberico 34 of 42 Rec Fee:$218 .00 Doc Fee,0.00 GARFIELD COUNTY CO at the principal office of the Ranch Association or of the property manager if previously designated in writing by the Board of Directors or at such other address as shall be designated by notice in writing to the Members pursuant to this Section; or 13.6.3 if to any committee, at the principal address of the Ranch Association or at such other address as shall be designated by notice in writing to the Members pursuant to this Section. Section 13.7 Equine Provisions. All Barn Lot Owners, Lessees of any Community property and any other persons or entities conducting equine activities on Community property shall, at a minimum, comply with the following: 13.7.1 Post, at all times, on or near all barns, stables, arenas, corrals, and the polo fields a notice of waiver of liability in the form provided for in C.R.S. § 13-21-119 (black letters at least one-inch in height), as the same may be amended from time to time. At the time this Declaration is recorded such notice is as follows: WARNING Under Colorado law, an equine professional is not liable for an injury to or the death of a participant in equine activities resulting from the inherent risks of equine activities, pursuant to section 13-21-119, Colorado Revised Statutes. I 3. 7 .2 Require all persons, including all employees, guests and invitees, working with or riding equines at anytime and anywhere on Community property to sign a Waiver of Liability and Indemnity on a form approved by the Board of Directors and including the warning language referenced in Section 13.7.1, above. Section 13.8 No Dedication to Public Use. Except as otherwise expressly provided herein, nothing contained in this Declaration shall be deemed to be or to constitute a dedication of all or any part of the Community to the public or to any public use. Section 13.9 Violations Constitute a Nuisance. Any violation of any provision, covenant, condition, restriction or equitable servitude contained in this Declaration, whether by act or omission, is hereby declared to be a nuisance and may be enjoined or abated, whether or not the relief sought is for negative or affirmative action, by any person entitled to enforce the provisions of this Declaration. This provision does not limit the remedies that may be available under this Declaration or at law or in equity. Failure of the Association to bring enforcement action to correct any violation of this Declaration shall not constitute a waiver of or estop the Association from bringing a future or subsequent enforcement action to correct such violation or any other similar violation . Section 13 .10 Declarant' s Disclaimer of Representations and Warranties. No representations or warranties of any kind, express or implied, have been given or made or shall be deemed to have been given or made by Declarant or its agents or employees in connection with the Community, or any portion thereof or any improvements thereon, it's or their physical condition, zoning, compliance with applicable laws, fitness for intended use or operation, adequacy or availability ofutilities, or in connection with the subdivision, sale, improvement, operation, maintenance, cost of maintenance, 30 1111 w.,~Jwn ~~,~'i ~~~" ~~~ I/JJk.11.,~x~LIYIIW.11,, 11111 Receptionij ; 982206 12/20/2022 12:48:32 PM Jean Alberico 35 of 42 Rec Fee:$218 ,00 Doc Fee:D.00 GARFIELD COUNTY CO taxes or regulation thereof, unless and except as shall be specifically set forth in writing herein , in any registration statement or purchase and sale agreement executed by Declarant, or in any closing document related thereto. Furthermore, no such representations or warranties have been given or made or shall be deemed to have been given or made by Declarant or its agents or employees that the plans presently envisioned for the complete development of the Community, and the Association property , can or will be carried out, or that any land now owned or hereafter acquired by Declarant is or will be subjected to this Declaration or that any such land (whether or not it is subjected to this Declaration) is or will be committed to or developed for a particular (or any) use, or that if such land is once used for a particular use , such use will continue in effect, unless and except as shall be specifically set forth in writing herein, in any registration statement or purchase and sale agreement executed by Declarant, or in any closing document related thereto. Section 13.11 Disclaimer Regarding Safety. DECLARANT AND THE ASSOCIATION HEREBY DISCLAIM ANY OBLIGATION REGARDING THE SECURITY OF ANY PERSONS OR PROPERTY WITHIN THE COMMUNITY. ANY OWNER OF PROPERTY WITHIN THE COMMUNITY ACKNOWLEDGES THAT DECLARANT AND THE ASSOCIATION ARE ONLY OBLIGATED TO DO THOSE ACTS SPECIFICALLY ENUMERATED IN THE GOVERNING DOCUMENTS, AND ARE NOT OBLIGATED TO DO ANY OTHER ACTS WITH RESPECT TO THE SAFETY OR PROTECTION OF PERSONS OR PROPERTY WITHIN THE COMMUNITY. [SIGNATURE PAGE FOLLOWS] 31 EXHIBIT A TO DECLARATION OF PROTECTIVE COVENANTS (Real Property owned by Declarant) A TRACT OF LAND SITUATED IN LOTS 8, 9 AND 10 OF SECTION 31 AND IN LOTS 5 AND 13 OF SECTION 32, ALL IN TOWNSHIP 7 SOUTH, RANGE 87 WEST OF THE 6TH PRINCIPAL MERIDIAN, GARFIELD COUNTY, COLORADO, LYING SOUTHERLY OF AND ADJACENT TO THE SOUTHERLY RIGHT OF WAY LINE OF OLD STATE HIGHWAY 82 AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT A POINT ON SAID SOUTHERLY RIGHT OF WAY LINE WHENCE A STONE FOUND IN PLACE FOR THE WITNESS CORNER TO THE NORTHEAST CORNER OF SAID SECTION 31, BEARSN 26DEGREES 00' 43" E 1433.52FEET; THENCE S 79 DEGREES 58' 52" E 2125.37 FEET ALONG SAID SOUTHERLY RIGHT OF WAY LINE TO THE NORTHWEST CORNER OF A PARCEL OF LAND DESCRIBED IN BOOK 1013 AT PAGE 423 OF THE RECORDS OF THE GARFIELD COUNTY CLERK AND RECORDER; THENCE ALONG THE WESTERLY BOUNDARY LINE OF SAID PARCEL ON THE FOLLOWING TWO (2) COURSES: S 04 DEGREES 55' 00" W 461.90 FEET; THENCE S 01 DEGREES 00' 00" E 861.25 FEET TO A POINT ON THE NORTHERLY RIGHT OF WAY LINE OF THE ROARING FORK TRANSIT AUTHORITY RAILROAD RIGHT OF WAY; THENCE 169.57 FEET ALONG SAID NORTHERLY RAILROAD RIGHT OF WAY LINE ON THE ARC OF A 1565.69 FOOT RADIUS CURVE TO THE LEFT, THE CHORD OF WHICH BEARS S 54 DEGREES 32' 43" W 169.49 FEET TO A POINT ON THE SOUTHERLY BOUNDARY LINE OF SAID LOT 13 THENCE N89 DEGREES 54' 14" W 651.37 FEET ALONG THE SOUTHERLY BOUNDARY LINE OF SAID LOT 13 TO THE NORTHEAST CORNER OF SAID LOT 10; THENCE S 00 DEGREES 10' 37" E 297.60 FEET ALONG THE EASTERLY BOUNDARY LINE OF SAID LOT 10 TO A POINT ON THE APPROXIMATE HIGH WATER LINE ALONG THE NORTH BANK OF THE ROARING FORK RIVER; THENCE ALONG THE APPROXIMATE HJGH WATER LINE THE FOLLOWING EIGHT (8) COURSES: S 89 DEGREES 14' 32" W 309.42 FEET; THENCE N 89 DEGREES 48' 58" W 140.45 FEET; THENCE S 85 DEGREES 10' 25" W 69.40 FEET; THENCE S 79 DEGREES 59' 38" W 295.48 FEET; THENCE S 51 DEGREES 27' 51" W 194.85 FEET; THENCE S 66 DEGREES 58' 23" W 177.89 FEET; THENCE S 59 DEGREES 38' 56" W 83.40 FEET; THENCE S 57 DEGREES 43' 02" W 142.66 FEET TO A POINT ON THE EASTERLY BOUNDARY LINE OF BLUE CREEK RANCH RECORDED AS RECEPTION NO. 623535 IN THE RECORDS OF THE GARFIELD COUNTY CLERK AND RECORDER; THENCE ALONG THE EASTERLY BOUNDARY LINE OF SAID BLUE CREEK RANCH ON THE FOLLOWING THREE (3) COURSES: N 00 DEGREES 1 0' 37" W 670.31 FEET; THENCE N 89 DEGREES 54' 14" W 231.46 FEET; THENCE N 00 DEGREES 02' 13" W 1677 .90 FEET TO THE SOUTHWEST CORNER OF A PARCEL OF LAND DESCRIBED IN BOOK 333 AT PAGE 511 OF THE GARFIELD COUNTY RECORDS; THENCE S 79 DEGREES 52' 12" E 278.00 FEET ALONG THE SOUTHERLY BOUNDARY LINE OF THE PARCEL DESCRIBED IN SAID BOOK 333 AT PAGE 511 TO THE SOUTHEAST CORNER OF SAID PARCEL; THENCE N 00 DEGREES 02' 13" W 156.69 FEET ALONG THE EASTERLY BOUNDARY LINE OF SAID PARCEL TO THE POINT OF BEGINNING. CONTAINING 98.19± ACRES, MORE OR LESS, 33 1111 JJJ~J~1!-:1~ 111~11~1 ~1 ~~ ~11r i ~wrr~Jlll~K¥ iw1 11111 Receptionij: 982206 12/20/2022 12:48:32 PM Jean Alberico 38 of 42 Rec Fae:$218.00 Doc Fea,0.00 GARFIELD COUNTY CO EXlllBIT B (Real Property Submitted to Declaration) Tract A, Tract B, Lot 1, Lot 2, Lot 3, Lot 4, Lot 5, Lot 6 and Lot 7 as shown on the Final Plat of McClure River Ranch recorded the ;)()ii day of t)fcefbbec , 2022, as Reception No. 16 :J;)o.5 in the records of the Garfield County Clerk and Recorder's Office. 34 EXHIBITC (Licenses and Easements affecting the Community) Reservations in United States Patent dated June 30, 1892, and recorded May 2, 1903, in Book 73 at Page 167, as Reception No. 082729; and United States Patent dated June 5, 1894 and recorded August 11, 1894 in Book 12 at Page 333 as Reception No. 017568. Reservations in Deed recorded January l 0, 1944 in Book 208 at Page 584 as Reception No. 150766. Right-of-way Easement recorded October 19, 1961 in Book 337 at Page 229 as Reception No. 215432. Right-of-way Easement recorded January 31, 1974 in Book 454 at Page 467 as Reception No. 261611. Right-of-way Easement recorded October 22, 1975 in Book 479 at Page 875 as Reception No. 269894. Order of Possession and Rights of Access document recorded August 26, 1992 in Book 840 at Page 224 as Reception No. 438360. Rule & Order and Rights of Access document recorded December 27, 1993 in Book 887 at Page 640 as Reception No. 457087. Quit Claim Deed for Water Rights recorded September 1, 2006, as Reception No. 705846. Resolution No. 2007-PC 05 recorded December 14, 2007, as Reception No. 739330. Resolution No. 2009-81 recorded December 9, 2009, as Reception No. 778758. Land Use Change Permit recorded February 10, 2010, as Reception No. 781907. Land Use Change Permit recorded May 21, 2010, as Reception No. 786310. Resolution No. 2010-57 recorded August 4, 2010, as Reception No. 789509. Resolution 2010-101 recorded January 5, 2011, as Reception No. 796752. Fencing Agreement recorded August 27, 2012, as Reception No. 823180. Resolution 2013-58 recorded September 4, 2013, as Reception No. 840245. Resolution No. 2015-49 recorded September 9, 2015, as Reception No. 867726. Resolution No. 2016-37 recorded May 3, 2016, as Reception No. 876726. 35 1111 rw .. ,n.~1,1 ,t'~, 1~~ ~t n r~,, ~.\•J~u.ri•Ji! Jmiw, 11111 Reception~: 982206 12/20/2022 12:48,32 PM Jean Alberico 40 of 42 Rec Fee,$218.00 Doc Fee:0.00 GARFIELD COUNTY CO Resolution No. 2016-59 recorded September 13, 2016, as Reception No. 882266. Bargain and Sale Deed and Assignment Water Rights recorded June 1, 20 I 7, as Reception No. 893043. Assignment and Assumption of Contracts and Permits recorded June I, 2017, as Reception No. 893044. Resolution No. 2018-10 recorded March 13, 2018, as Reception No. 904213. Aspen Valley Polo Club PUD Guide recorded March 13, 2018, as Reception No. 904214. PUD Plan Map, Aspen Valley Polo Club PUD recorded March 13, 2018, as Reception No. 904215. Holy Cross Energy Underground Right-of-Way Easement recorded April 20, 2018, as Reception No. 905657. Trench, Conduit and Vault Agreement recorded April 20, 2018, as Reception No. 905658. Memorandum of Water Allotment Contract recorded May 3, 2018, as Reception No. 906336. Memorandum of Water Allotment Contract recorded May 3, 2018, as Reception No. 906337. Holy Cross Energy Underground Right-of-Way Easement recorded April 29, 2019, as Reception No. 919719. Right of way for ditches that traverse the property, and river tributaries, as show on the AL TA/NSPS Land Title Survey, provided by True North Colorado, dated April 18, 2018, as Project No. 2017-115. Overhead Electric Line, as shown on the ALTA/NSPS Land Title Survey, provided by True North Colorado, dated April 18, 2018, as Project No. 2017-115. Resolution No. 2020-54 recorded November 16, 2020, as Reception No. 945439. PUD Plan Map recorded November 16, 2020, as Reception No. 945440. Resolution No. 2020-55 recorded November 16, 2020, as Reception No. 945441. Preliminary Plan Map recorded November 16, 2020, as Reception No. 945442. Resolution No. 2022-!i.'Jrecorded betembec J 3 , 2022, as Reception No. ~8;JQl3 . Final Plat McClure River Ranch recorded b:tC.£'1'1::1\Jer JO , 2022, as Reception No. 98 -;).:)05. 36 1111 ffJrJ~m' ~,,~~ ~~.rtPVik11 ~~~r.111 irlR J~~~~~YM, 11111 Receptiontt: 982206 12/20/2022 12:48:32 PM Jean Alberico 42 of 42 Rec Fee:$218.00 Doc Fee:0.00 GARFIELD COUNTY CO PARCEL Tract A Tract B Lot7 Barn Lot Assn TOTAL: EXHIBITE (Votes and Allocated Interests) Votes 1 1 1 l 4 38 Allocated Interests 25% 25% 25% 25% 100%