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HomeMy Public PortalAboutTBP 1999-08-04 ~ , , t. I I . I~ I I ~ t, r I, ~. ~ I ,. f':' t i ~ I r r l. f {" I~l,~. . ~ r ,t r" ~ r I. ( r I ~, :';' , ~ 8. , " 9. . , 3. TOWN OF FRASER , "Icebox of the Nation" P.O. Box 120/153 F'raser Avenue Fraser, Colorado 80442 (970) 726-5491 FAX Line: (~70) 726-5518 1. Roll call TOWN BOARD AGENDA . REGULAR MEETING August 4, 1999, 7:30 p.m. 2. Approval of minutes from 717/99 and 7/21/99 August 18th: August 25th: ' September 1 st: Open Forum 4. Chamber of Commerce Update: Catherine Ross 5. Public Hearings 6. Action Items a) Transferoflease assignment from the Town of Fraser to Maryvale, LLC to the Town of Fraser to Maryvale Village, LLC. Final. plat, the Ski Broker, major subdivision SOOky's proposed lease . Chamber ofCommerceMOU ALCQ sign variance Discussion Items a) The Safeway stovlight b) Afforable Housing regulations c) Wally Alves I ~,,"..;_. - --"---..........~~.............,~..............- b) c) d) e) 7. Staff Choice a) Public Officials Liability video ,I ' Board Member's Choice Town Board regular meeting Planning Commission regular meeting . Town Board workshop (finances and gates!) and regular meeting _.r..:...:....!.''''''''''''''''-_ - _~.......'_,_:...;...". -~~.....:.~...lL,""-'.~_"-'L__ . . . " , TOWN BOARD JULY 7,1999 The regular meeting of the Town Board was called to order at 7:30 p.m. Board present were Mayor Johnston, Soles, Sanders, Swatzell, Rantz and Klancke. Staff present were Reid and Winter. Swatzell made a motion approving the minutes of the 6/16/99 meeting as written, 2nd Sanders, carried. OPEN FORUM Jim Sheehan from the Housing Authority gave the Board an update on activities. Catherine Ross gave the monthly Chamber update. ACTION ITEMS FINAL PLAT VICTORIA VILLAGE TOWNHOMES Reid presented the [mal plat of Victoria Village Townhomes. All requirements have been met and staff recommends approval. Klancke made a motion to approve the final plat for Victoria Village Townhomes, 2nd Soles, carried. FINAL PLAT SUN VIEW #1 CONDOMINIUMS FINAL PLAT SUN VIEW #4 CONDOMINIUMS Reid presented the final plat for Sun View #1 Townhomes and Sun View #4 Townhomes. Staff recommends approval with conditions. Soles made a motion to approve [mal plat for Sun View #1 Townhomes and Sun View #4 Townhomes with the following conditions. 1. All fees paid prior to recording plat. 2. Subdivision improvements sign and money escrowed. Motion 2nd by Sanders, carried. ALCO SIGN PERMIT Alco has a request to allow the signage at the new store to be 168 sq. ft. Board stated they are not willing to grant this much sign area. Reid will contact the project manager and advise them to request a smaller sign. SITE APPLICATION Grand County Water and Sanitation District has submitted, for Town signature, the application for site approval for construction of the new plant. Tabled for further information. ... . DISCUSSION ITEMS Reid advised that a Trustee is needed to sit on the Transit Advisory Committee that the County is in the process of setting up. Reid discussed improvement agreements that are entered into for final plat approval with regards to escrowing money if the property is not planning on developing right away. Jack Van Horn is requesting that fees for the improvement escrow not be collected until a building permit is pulled. Swatzell made a motion to amend approval for Ptg. Heights TOwnhomes allowing the plat to be recorded and the improvements escrow due at building permit stage, 2nd Sanders, carried. STAFF CHOICE July 21st is Board, staff, and commission picnic starting at 5:30 p.m. Swatzell made a motion re-appointing Patty Sue Coulson to the Board of adjustments, 2nd Klancke, carried. Reid handed out a memo on various that might work for contracting operations for the Fraser Sanitation District. . Reid discussed that Tucker has been looking at street sweeping equipment. Board directed Reid to pursue this in Tucker's absence. BOARD CHOICE Reid gave an update on the street project. Johnston advised that there would be a monthly lunch meeting with Fraser and Winter Park. He is asking each trustee to take a turn at attending the lunch. Johnston presented a petition with approx. 129 signatures protesting the street light at the Safeway intersection in" it's present form and function." Board understands the community frustration and asked Reid to look into options regarding the light. . . . . ;,- . to The Rodeo will announce that traffic must take the Bypass road. Klancke advised that the Indian and Eagle has been bronzed and will be back in the Park soon. Klancke discussed that as the Indian was funding from the stock given by the Hetzler's he wanted to be sure that the budgeted amount of $10,000 could be used this year to bronze the other statutes. Board acknowledged this. Klancke will also be asking for a grant of $10,000 in year 2000 budget. Klancke asked when Maryvale will deed the lineal park. No further business, meeting adjourned at 10:00 p.m. ýÿ . . . wi.." TOWN BOARD JULY 21, 1999 The regular meeting of the Board was called to order by Becky Swatzell, acting mayor- Protem. Other board members present were McIntyre, Rantz, and Klancke. Staff present were Reid, Trotter and Winter. Minutes of the July 7th meeting tabled. OPEN FORUM Horizons request for funding. Debi Reid representing Horizons asked the Board for $1500 grant to be used as a local match to obtain State funding for additional space for infants and toddlers. McIntyre made a motion to approve the Letter of Intent for $1500, 2nd Klancke, carried. NWCCOG QQ Lane Wyatt representing NWCCOG water Quality gave the Board an update of projects they work on and can work on for the Town. Carol Sidofsky gave information regarding COOT traffic studies. Clifford Clayton asked about a response from the Town regarding the traffic light at Safeway. He was advised that staff is still asking engineers etc. regarding any options the Town might consider. We will advise Mr. Clayton when we have any answers. ACTION ITEMS ALCO sign variance ALCO is asking for a sign variance to put up a total of 144 sq. ft. After discussion Klancke made a motion to allow the 144 sq. feet of sign, but that within a 6 month period the Board might make them take the sign down and only have 128 sq. ft. of signage, motion 2nd McIntyre, carried. A Resolution transferring water lease to new Maryvale Village LLC Reid reviewed the request by Maryvale LLC that the lease for 65 acre feet of water from the Middle Park Water Conservation District to be used on the Golf Course be approved as to transfer to the new owners Maryvale Village LLC. Representatives of the new owners were present. Mter lengthily discussion McIntyre tabled this until the next meeting to get further information, 2nd Rantz, vote 2-2. ýÿ . . . .:. .. Double Image Townhome plat. Trotter presented the plat. Everything is in order and staff recommends approval. McIntyre made a motion approving the plat, 2nd Klancke, carried. DISCUSSION ITEMS Discussion on Block party tabled. STAFF CHOICE Reid gave an update on the paving project. Reid reviewed change order #3, the extension of Wapiti Drive to the upper town limit. Rantz made a motion approving change order #3 for approx. $100,000 to extend the improvement all the way up Wapiti Dr., 2nd Klancke. The video will be watched at a later date. Winter presented a request to issue a temporary license to continue to operate the liquor sales at the Byers Peak Restaurant. Klancke made a motion to issue the temp. permit to The Byers Peak, 2nd McIntyre, carried. Rantz made a motion to approve the wetlands mitigation contract for the Fraser River Trail, 2nd McIntyre, carried. Klancke said that the Indian and Eagle Bronze is up. No further business, meeting adjourned at 10:20 p.m. ýÿ . . . ~ . '. BAKER, CAZIER AND McGOWAN A Law Partnership ofProfessloDal CorpOr'<ltlODS JoIm L. Baker, P.e. StluIIey W. Cazier, P.C. Rodney R. McGowan, P.e. Rod McCoWin M1d@mc~pc.cam 6149~ U.S. HIghway 40 East Box 500 Granby, Colorado 80446 Telephone: (970) 887-3376 Fu: (970) 881-9430 July 30, 1999 Board of Trustees Town of Fraser P.O. Box 120 Fraser, CO 80442 Re: Maryvale - Assignment of Lease Agreement Dear Board Members: The Board has been asked to adopt a Resolution consenting to the sale and transfer of the leasehold interest under that certain Lease Agreement dated July 10, 1989, from Maryvale LLC to Maryvale Village LLC. This transfer is part of the sale of the entire Maryvale property to :\1aryvale Village LLC. The referenced Lease Agreement was originally entered into by the T 0"''11 and Regis. Maryvale. Inc., as the former owner and developer of the Maryvale property, in order to allow the developer to lease 65 acre-feet of water available to the Town under a Water Allotment Contract with the Middle Park Water Conservancy District (the ":\1iddle Park 65 acre-feet") for purposes of providing a water supply for development of a golf course at Maryvale. The Lease Agreement includes the following provision concerning assignment: (8) Regis shall have no right to sell, lease, transfer, encumber or otherwise convey its leasehold right in the Middle Park 65 acre-feet; pro\olded, however, that in the event of the sale, transfer or encumbrance of all or any portions of the Lands that are to be used for golf course purposes, Regis may similarly sell, transfer or encumber all 01' a portion of Regis leasehold rights in the Middle Park 65 acre-feet to the party or parties obtaining an interest in the golf course Lands. only after Fraser has given its prior written approval, which approval shall not be unreasonably withheld. No such sale. transfer or encumbrance shall be valid unless the Assignee asswnes all obligations contained h..:rein and Fraser receives a copy of the executed documents of sale~ transfer or encumbrance within five (~) days after execution. As indicated by this provision. the primary conditions for any assigmnent of the leasehold are (1) such assigmnent must be in connection with a sale of the :\1a.ryvale "Lands" to be used for the golf :. . WZ'lC,,=.wg 3 ;0-;:' \i14X\ ':'iMP2 . to.PO . . . Town of Fraser July 30,1999 Page 2 courst, and (2) the purchastr must agrte to asswne the It'Sste's obligations under the Lease Agreement. When Regis sold the property in 1994. it assigned its interests in the Lease Agreement to Maryvale LLC, and Maryvale LLC agreed to assume its obligations under the Agreement. The Town's approval for that assignment was requested in accordance V\lith the above provision of the Lease Agreement, and such approwl was given. Similar approval is now requested for the assigmnent to the new purchaser, Maryvale Village LLC. The documentation that has been furnished to our office concerning this matter includes copies of the signed conveyance documents from the CUrTent owners to the purchaser, Maryvale Village LLC. together with copies of the Articles of Organization and certified excerpts from the Operating Agreement for Maryvale Village LLC. The organizational information indicates that Maryvale Village LLC is owned by the following entities in the proportions indicated: Koelbel Winter Park, LLC Cornerstone Winter Park Holdings LLC GOW Land Holdings LLC 42.5% 42.5% 15% Koelbel Winter Park, LLC and Cornerstone Winter Park Holdings LLC are voting members of Maryvale Village LLC, while GGW Land Holdings LLC is a nonvoting member. The information also reveals that Koelbel Winter Park, LLC and Cornerstone Winter Park Holdings LLC are the sole managers ofMaryvale Village LLC. with the authority to enter into contacts and agreements on its behalf Although we were not provided with complete copies of the sales contract and all title infonnation regarding the sale, the conveyance documents furnished to us would indicate that, upon closing of the sale. Maryvale Village. LLC will become the owner of not only the lauds intended for the golf course, but all of the Maryvale property and water rights which are subject to the revised PDD Plan approved by the Town last year, with one qualification. That qualification is that a separate undivided 20% o\\<nership interest is being conveyed to Jeffery G. Sheets with resptl(.:t to a 12.17 acre parcel in the vicinity of the intersection of the planned rights-of-way for the Fraser Valley Parkway and Maryvale Village Drive, and which may include a portion of the golf course planning area. Mr. Sheets is a vice president ofKoelbel and Company, and I believe the reason for the conveyance of such ownership interest to him is so that there will be an individual landowner within the boundaries of the Maryvale Residential and Commercial Metropolitan Districts who will qualify as an elector of such Districts. The conveyance documents also include Quitclaim Deeds and a Bill of Sale and Assigmn~ whereby the various wat<< rights, pennits and contractual interests associated with the Maryvale project, including the leasehold interest under the Lease Agreement, are assigned to Maryvale Village LLC. The Bill of Sale and Assignment includes a general assumption statement., ýÿ . , . . Town of Fraser July 30, 1999 Page 3 whereby Maryvale Village LLC "assumes and agrees to perfonn the obligations of the Assignor with respect to the Transferred Property whether existing prior to or arising subsequent hereto". This assumption statement arguably satisfies the requirement of the Lease Agreement that the new owner assume all of the lessee's obligations thereunder. The minor ownership interest of !vir. Sheets (the "Sheets Interest") presents a teclmical issue regarding compliance with the assigmnent provision of the Lease agreement, since he is not a party to the lease assignment and has not personally assumed the obligations oftha Lease Agreement. I express no opinion whether the Town mayor should reasonably withhold its consent to the assigmnent based on this issue. Except for the above issue regarding the "Sheets Interest", documentation we reviewed appears to satisfy the primary conditions for assigmnent of the Lease Agreement, as referenced above. Since the closing of the sa.le has not yet been concluded, a provision has been added to the proposed Resolution. making the Town' s consent to the assignment conditional upon the actual transfer of the property. With the qualifications stated herein, and unless the Board has other concerns of which I am not aware, I would recommend that the Board grant the requested consent for assigmnem of the leasehold interest to Maryvale Village LLC, conditioned upon 3.\.."tual transfer of the lands as provided in the draft Resolution. Very trul)' yours. Rodney R !vkGowan,. P.C. RRM:sw Copy Sent by Fax to Fax No. (970) 726-5518. pc: Ms. Ramsey L. Kropf (via fa.\:) Mr. Clark Lipscomb (via fax) Mr. Jeffrey G. Sheets (via fax) ýÿ , r. . I~ElBEL KOELBEL AND COMPANY 5291 YALE CIRCLE' DENVER. COLORADO' 80222 (303) 758'3500 FAX (303) 758'6632 July 28, 1999 Mr. Chuck Reid Town Manager Town of Fraser 153 Fraser Ave. P.O. Box 120 Fraser, CO 80422 Mr. Rodney R. McGowan Baker, Cazier and McGowan 62495 U.S. Highway 40 East Grandby, CO 80446 RE: Maryvale Resolution, Requested Material and Council Packet Materials Dear Chuck and Rod: . At the Council meeting on July 21st, the Council requested that our closing of the Maryvale Property be delayed until after the next Council Meeting to review the Request for the Consent to the Assignment of the Middle Park Water Lease. Our counsel previously forwarded the Resolution to accomplish this consent. The effect of this delay is to maintain the closing in escrow until after the Council meeting. Among other things that are strictly internal on our part, this precludes either the Seller or us from making progress toward compliance with some of the deadlines contained in the Annexation Agreement. At our meeting with the Mayor, Catherine and you on the 20th, you indicated that these deadlines could be extended in light of our acquisition of the property and to avoid dispute. We appreciate that position and believe that it serves all parties well. For these reasons, we have immediately commenced survey activity on the park dedication to comply with the requirements of the Annexation Agreement. However, dedication cannot occur until after closing is complete. Finally, we are sensitive to the Council's wishes and Rod's request to receive additional information. We have provided materials pursuant to Rod's letter dated July 26, 1999. Therefore, for Rod's review and for inclusion in the Town's packet for the next board meeting, we are providing the following to you with this letter: . REAL ESTATE SALES' CONSTRUCTION, LAND DEVELOPMENT, PROPERTY MANAGEMENT, INVESTMENTS, INSURANCE ýÿ .. . rQELBEL . Messrs. Reid and McGowan July 28, 1999 Page 2 1. A copy of the Deeds which are pending in escrow; 2. The Bill of Sale and Assignment, where Maryvale Village, LLC assumes and agrees to perform the obligations of the Assignor with regard to the Lease Agreement; and 3. The formational structure of the buyer, Maryvale Village, LLC. For Chuck, I enclose ten (10) sets of this letter and these documents for the Council's packets and Town's distribution. In addition, one copy of this package has been provided by Federal Express to Rod. If you need anything else, please do not hesitate to call Clark Lipscomb (970-920-2112, ext. 204), Kevin Patrick (800- 282-5458) or me. Very truly yours, . By: JGS/mp cc: Clark Lipscomb Kevin Patrick, Esq. . ýÿ . . . MANAGER'S CERTIFICATE OF MARYVALE VILLAGE LLC Koelbel Winter Park LLC, as a manager ofMarvale Village LLC, a Colorado limited liability company (the "Company"), hereby certifies as follows: 1. Koelbel Winter Park LLC and Cornerstone Wmter Park Holdings LLC are the sole Managers of the Company; 2. The Company has two classes of Units, namely Class A Units (voting) and Class B Units (nonvoting). The Members of the Company and their respective interests are as follows: MEMBERS HOLDING CLASS A UNITS No. OF UNITS/PERCENTAGE INTEREST Koelbel Wmter Park, LLC 425/42.5% Cornerstone Wmter Park Holdings LLC 425/42.5% MEMBERS HOLDING CLASS B UNITS No. OF UNITS/PERCENTAGE INTEREST GGW Land Holdings LLC 150/15% 3. Exhibit A to this Certificate sets forth true, accurate and complete excerpts of Articles 2 and 8 of the Amended and Restated Operating Agreement for the Company dated effective July 22, 1999. These provisions have not been rescinded, amended or revised and remain in full force and effect. KOELBEL WINTER PARK, LLC A:\MARYVALE Jul{ 22.1999 . . . STATE OF COLORADO ) 1\ ) ss COUNTY OF :"l)pr /} 1 tJoeA..- ) . The for€?soin& <;ertificate was acknowledged before me thi~.day of July, 1999, by _ ~ ~ ~ ~~ as ~~ofKoelbel Wmter Park, LLC, a Colorado I lia~ility company, as ofMaryvale Villa e, LLC, a Colorado limited liability Company. [SEAL] ~tpL i?-fJ-<- My Commission Expires: "7 4;..~0r!J/ . . . EXHIBIT A X"X -- ~l! >'" ~H ~l: i~; ~IE ~, ll: ~'~ ~~: );~: m ::~: ll~ m lIE ~l~ 'I: t, ii~ Ji ~l~ ~~: AMENDED AND RESTATED OPERATING AGREEMENT OF MARYVALE VILLAGE LLC A Colorado Limited Liability Company Dated effective JulyU(1999 ~ ~ ~ ~l i:: ~_.._.._-,~--,~_..,-_.._,--_..----Il .. .. ...tS1"$$::($S;<<r.t.....<<...~.;:...<O;>..<t":o:-to:....n.....>,.-t...<<-t-to:^":.;:n.<t.O:...~.......J>.."'>.>.(^....>~..........I'....~~..<<........^......,1>.........:o:.............y...........,;...^~..........N-t(-......^Y.....U:~-:t.(.t.QNL,(ot,(...~ \1'... .~..)'...-..:o...:-X<'...,.,..~.:-.",.....>>... .."'......,....=).~........J'n~",. ..Y'? ...T......r..N)iI').~:-....Vil'N;,?N;..:;,.)..)NNN...NiNfN'-.iI'Ni?N^....n.'"Y...^V.~""'N;':#o""..... ~ I ~l .1 '~l II II ~\ ~~ ~i ~\ II ~ II ~l l l ýÿ . . . AMENDED & RESTATED OPERATING AGREEMENT OF MARYVALE VILLAGE LLC A Colorado Limited Liability Company This Operating Agreement of (this "Agreement ") is adopted, executed and agreed to by CORNERSTONE WINTER P ARK HOLDINGS LLC, a Colorado limited liability company, KOELBEL WINTER PARK, LLC, a Colorado limited liability company, and GGW LAND HOLDINGS, LLC, a Colorado limited liability company effective as ofJuly-z,,~1999. 1 .. . . ARTICLE 2 ORGANIZATION 2.1. Formation. The Company has been organized as a Colorado limited liability company by the filing of Articles of Organization (the "Articles") under and pursuant to the Act with the Secretary of State of the State of Colorado on November 30, 1998. The rights and liabilities of the Members and Unitholders shall be determined pursuant to the Act and this Agreement. To the extent that the rights or obligations of any Member or Unitholder are different by reason of any provision of this Agreement than they would be in the absence of such provision, this Agreement shall, to the extent permitted by the Act, control. 2.2. Name. The name of the Company is "Maryvale Village LLC," and all Company business must be conducted in that name or such other names that comply with applicable law as the Managers may select from time to time. 2.3. Term. The Company shall commence on the date the Articles are filed with the Secretary of State of the State of Colorado and shall continue in existence in accordance with the terms and provisions hereof 2.4. Registered Agent; Principal Office in the United States; Other Offices. The registered agent of the Company in the State of Colorado shall be the initial registered agent named in the Articles or such other Person or Persons as the Managers may designate from time to time in the manner provided by law. The principal office of the Company in the United States shall be at such place as the Managers may designate from time to time, which need not be in the State of Colorado. The principal office of the Company as of the date of execution of this Agreement shall be 132 W. Main Street, Suite A, Aspen, Colorado 81611. The Company may have such other offices as the Managers may designate from time to time. 2.5. Purpose and Scope. (a) The purpose of the Company shall be limited to investing in, holding, acquiring, dealing with, developing and/or selling the Original Property and the Additional Acreage. (b) The Company shall not engage in any other business except with the prior approval of a Required Interest. 2 ýÿ . . . ARTICLE 8 MANAGERS 8.1. Management by Managers. Except for situations in which the approval of the Members is required by this Agreement or by nonwaivable provisions of applicable law, (i) the powers of the Company shall be exercised by or under the authority, and the business and affairs of the Company shall be managed under the direction, of the Managers, and (ii) the Managers (or their authorized representatives (a) acquire by purchase, lease, or otherwise any property which may be necessary, convenient, or incidental to the accomplishment of the purposes of the Company; (b) execute any and all agreements, contracts, documents, certifications, and instruments necessary or convenient in connection with managing the affairs of the Company; ( c) care for and distribute funds to the Unitholders by way of cash, income, return of capital, or otherwise, all in accordance with the provisions of this Agreement, and perform all matters in furtherance of the objectives of the Company or this Agreement; (d) contract on behalf of the Company for the employment and services of employees and/or independent contractors, such as lawyers, accountants, and investment advisors, and delegate to such Persons the duty to manage or supervise any of the assets or operations of the Company; ( e) engage in any kind of activity and perform and carry out contracts of any kind necessary or incidental to, or in connection with, the accomplishment of the purposes of the Company as may be lawfully carried on or performed by a limited liability company under the laws of each state in which the Company is then formed or qualified; (t) take, or refrain from taking, all actions, not expressly proscribed or limited by this Agreement as may be necessary or appropriate to accomplish the purposes of the Company; (g) institute, prosecute, and defend lawsuits or other judicial, arbitrative, or administrative proceedings brought by or against the Company, the Members, or the Unitholders in connection with activities arising out of, connected with, or incidental to this Agreement or the Company's business, and to engage counselor others in connection therewith; (h) establish reserves for debts, liabilities, and obligations of the Company (whether accrued, contingent or otherwise) and for any other contingencies which the Managers determine are necessary; 3 . . . (i) approve, adopt and register trade names, fictitious names, trademarks and/or service marks; and G) take such other action and perform such other services as are necessary, customary, or appropriate for the operation of the Company's business. Except as otherwise expressly provided in this Agreement or the Act, the Members shall have no right to control or manage, nor shall they take any part in the control or management of, the property, business, or affairs of the Company, but they may exercise the rights and powers of the Members under this Agreement, including, without limitation, the right to approve certain matters as provided herein. 8.2. Restrictions on Authority of Managers. Notwithstanding the provisions of Section 8.1, the Managers may not cause the Company to do any of the following without obtaining the prior written consent of a Required Interest, unless otherwise required by law: (a) enter into any transaction or undertake any activity that is not directly related to the purpose of the Company as set forth in Section 2.5 hereof; (b) sell, exchange, or otherwise dispose ofall or substantially all of the Company's assets; (c) be a party to a merger or an exchange or acquisition of the type described in Section 7-80-1003 of the Act; or (d) amend or restate the Articles. 8.3. Time Devoted by Managers. Each Manager (acting by and through its authorized personnel if such Manager is not an individual) shall be required to devote only such time to the affairs of the Company as such Manager determines may be necessary to manage and operate the Company, and each such Person shall be free to serve any other Person or enterprise in any capacity that it may deem appropriate. 8.4. Execution of Documents. (a) Any document or instrument may be executed and delivered on behalf of the Company by the Managers (or by any Manager if more than one), including, without limitation, any deed, mortgage, note or other evidence of indebtedness, lease, security agreement, financing statement, construction contract, contract of sale, or other instrument purporting to conveyor encumber, in whole or in part, any or all of the assets of the Company at any time held in its name, or any compromise or settlement with respect to accounts receivable or claims of the Company; and, subject to the authorization requirements set forth herein or in the Act, no other signature shall be required for any such instrument to bind the Company. 4 ýÿ . (b) Any Person dealing with the Company may rely (without duty of further inquiry) upon a certificate signed by the Managers (or anyone of them) as to: (i) the identity of the Managers, any Member, or Unitholder, (Ii) the existence or nonexistence of any fact or facts which constitute a condition precedent to acts by the Managers or which are in any other manner germane to the affairs of the Company; (ill) the Persons who are authorized to execute and deliver any instrument or document of the Company; or (iv) any act or failure to act by the Company or any other matter whatsoever involving the Company or any Member or Unitholder. 8.5. Compensation of Managers. The Managers shall receive no compensation for their services rendered to the Company in their capacity as a Manager without the consent of a Required Interest. Subject to the Company's reimbursement policies as in effect from time to time, each Manager shall be reimbursed by the Company for reasonable out-of-pocket expenses incurred by such Manager in the performance of his duties hereunder as a Manager. 8.6. Meetings of Managers. . (a) Meetings of the Managers may be called by any Manager or by the chairperson, president, or secretary of the Company, ifany. All meetings shall be held upon four (4) days notice if delivered by mail or forty-eight (48) hours notice (or upon such shorter notice period if necessary under the circumstances) if delivered personally or by telephone, telegraph or facsimile transmission. A notice need not specify the purpose of any meeting. Notice of a meeting need not be given to any Manager who signs a waiver of notice or a consent to holding the meeting (which waiver or consent need not specify the purpose of the meeting) or an approval of the minutes thereof: whether before or after the meeting, or who attends the meeting without protesting, prior to its commencement, the lack of notice to such Manager. All such waivers, consents and approvals shall be filed with the Company records or made a part of the minutes of the meeting. (b) A majority of the Managers present, whether or not a quorum is present, may adjourn any meeting to another time and place. If the meeting is adjourned for more than twenty-four (24) hours, notice of any adjournment shall be given prior to the time of the adjourned meeting to the Managers who are not present at the time of the adjournment. ( c) Meetings of the Managers may be held at any place within or without the State of Colorado which has been designated in the notice of the meeting or at such place as may be approved by the Managers. Managers may participate in a meeting through use of conference telephone or similar communications equipment, so long as all Managers participating in such meeting can hear one another. Participation in a meeting in such manner constitutes a presence in person at such meeting. . (d) A majority of the Managers constitutes a quorum of the Managers for the transaction of business and every act or decision done or made by the Managers shall require the affirmative vote or approval of a majority of the Managers. A meeting at which a quorum is initially present may continue to transact business notwithstanding the withdrawal of a 5 ýÿ . Manager, if any action taken is approved by at least a majority of the Managers (regardless of the number of Managers present at such meeting). (e) attendance. A chairman of the meeting shall be selected by a majority of the Managers in (f) Any action required or permitted to be taken by the Managers may be taken by the Managers without a meeting if all of the Managers consent in writing to such action. Such action by written consent shall have the same force and effect as the vote of a majority of the Managers at a duly called meeting. (g) Members who are Class B Unitholders shall be entitled to receive upon request copies of any materials distributed to Managers in connection with meetings of the Managers, and all drafts of the minutes of such meetings. 8.7. Election of Managers. . (a) Number and Appointment. The Company shall also have two Managers, one of which shall be appointed by Cornerstone and one of which shall be appointed by Koelbel. Cornerstone shall be the initial Manager appointed by Cornerstone and Koelbel shall be the initial Manager appointed by Koelbel. The right to appoint a Manager shall be transferable by Cornerstone and/or Koelbel to any transferee of Units by Cornerstone and/or Koelbel in accordance with the provisions of Article 13 of this Agreement. Managers serving hereunder need not be a Member of the Company. (b) Resignation. Any Manager may resign at any time by giving written notice to the Company and the remaining Managers without prejudice to the rights, if any, of the Company under any contract to which the Manager is a party. The resignation of any Manager shall take effect upon receipt of the notice or at such later time as shall be specified in the notice. Unless otherwise specified in the notice, the acceptance of the resignation shall not be necessary to make it effective. The resignation of a Manager who is also a Member shall not affect the Manager's rights as a Member and shall not constitute a withdrawal of a Member. (c) Removal. Any Manager may be removed at any time, with or without cause, by the Member appointing such Manager. Any removal shall be without prejudice to the rights, if any, of the Manager under any employment contract and, if the Manager is also a Member, shall not affect the Manager's rights as a Member or constitute a withdrawal of a Member. (d) Vacancies. If a Manager appointed by one of the Class A Members should cease to act as a Manager for any reason, the Class A Member originally appointing such Manager shall have the right to designate such Manager's replacement. . 6 ýÿ . 8.8. Officers. (a) The Managers may, from time to time, designate one or more Persons (some or all of whom may be Members or Managers) to be officers of the Company. No officer need be a resident of the State of Colorado, a Member, or a Manager. Any officers so designated shall have such authority and perform such duties as the Manager may, from time to time, delegate to them. The Manager may assign titles to particular officers. Unless the Managers decide otherwise, the officers appointed in accordance herewith shall have primary responsibility for the day-to-day business and affairs of the Company and if such officers are assigned titles commonly used for officers of a business corporation formed under the Colorado Business Corporation Act (or any successor statute thereto), the assignment of such title shall constitute the delegation to such officer of the authority and duties that are normally associated with that office, subject to any specific delegation of authority and duties made to such officer by the Managers and subject to all standards of care and restrictions applicable to the Members and the Managers hereunder. Each officer shall hold office until his successor shall be duly designated and shall qualified or until his earlier death, resignation or removal in accordance herewith. Any number of offices may be held by the same Person. The salaries or other compensation, if any, of the officers and agents of the Company shall be fixed from time to time by the Managers. . (b) Any officer may resign as such at any time. Such resignation shall be made in writing and shall take effect at the time specified therein, or if no time be specified, at the time of its receipt by the Managers. The acceptance of a resignation shall not be necessary to make it effective, unless expressly so provided in the resignation. Any officer may be removed as such, either with or without cause, by the Managers whenever in their judgment the best interests of the Company will be served thereby; provided, however, that such removal shall be without prejudice to the contract rights, if any, of the Person so removed. Any vacancy occurring in any office of the Company (other than a position as Manager) may be filled by the Managers. . 7 ýÿ . . . IN WITNESS WHEREOF, the parties have executed and adopted this Agreement as of the date first set forth above. CORNERSTONE WINTER PARK HOLDINGSLLC By: Name: Title: KOELBEL WINTER PARK, LLC By: Name: Title: GGW LAND HOLDINGS LLC By: Name: Title: B ,JUL-21-1999 15:19 SOLOMON PEARL BLUM QlJ I NN ~ t::U~ bb::>,j t'" . lab'd:I '2..'7 ~ Recorded at .tion No. When recorded, return to: o'clock ~ M.. Recorder. Solomon Pearl Blwn & Quinn LLP Attn: Thomas F. Quinn, Esq. 1700 Broadway, Suite 1820 Denver, CO 80290 SPECIAL WARRANTY DEED THIS DEED. made this _ day of July, 1999 between: MARYV ALE LLC. a Colorado limited liability company BENTLEY INVESTMENTS. LTD., whose legal address is P.O. Box 621884, Littleton, Colorado. 80162. of the County of Arapahoe. State of Colorado; THOMAS E. ADAMS. whose legal address is 1705 14lb Street, #203. Boulder. Colorado 80302, of the County of Boulder. State of Colorado; CASTLE HILL CORPORATION. whose legal address is 10756 E. Virginia eue, Aurora, Colroado 80012, of the County of Arapahoe, State of Colorado; DAUlT S. NANDA, whose legal address is 9777 S. Yosemite, Suite 120, Littleton, Colorado 80124, of the County of Douglas, State of Colorado; BRIALl LI..C, whose legal address is 443 S. Gaylord, Denver, Colorado 80209. of the City and County of Denver, State of Colorado; DUANE A. DUFFY. whose legal address is 4550 Tule Lake Dr., Littleton, Colorado 80123, of the County of Arapahoe, State of Colorado; GLENN E. DUFFY, whose legal address is 607 W. 6th Street, Ft Lauderdale, Florida 33315, of the County of , State of Florida; E. RICK WATROUS, whose legal address is 12664 W. Buckhorn Rd., Littleton, Colorado 80127, of the County of Jefferson. State of Colorado; DONALD E. MIELKE, whose legal address is 7037 S. Miller Ct., Littleton, Colorado 80127, of the COWlty of Jefferson, State of Colorado; and KEVIN L. EHLERS, whose legal address is 11726 Pr~ntice Dr., Littleton, Colorado 80127. of the County of Jefferson. State of Colorado. .CIActlve\60064.000\DeedS\LandoDeed-27.002.wpd 8, 1999 Received Time Jul. 21. 3:08PM Print Time Ju1.21. 3:19PM ýÿ ~ JUL-21-1999 15:19 SOLOMON PEARL BLUM l.IU 1 NN ~~ ts..)c! bb::>~ t"' . ro" ( / c!lO as their respective interests may appear, (collectively, the Grantors). and Maryvale Village ILC. a Colorado limited liability eany. whose mailing address is c/oKoelbelWinterPark,LLC.5291 Yale Circle, Denver, CO 80222 (Grantee). WHEREAS, Grantors are the owners of the real property described below and has full power and authority to convey such property to Grantees. WITNESS, that the Grantors, for and in consideration of the sum ofTEN DOLLARS. the receipt and sufficiency of which is hereby acknowledged, have granted. bargained, sold and conveyed, and by these presents do grant, bargain, sell. convey and confinn unto the Grantees. and their respective successors and assigns forever, all the real property. together with improvements, if any, situate, lyiJ'lg and being in the County of Grand, State of Colorado, descnbed as follows: the real properties whose legal descriptions are set forth on Exhibit A. attached hereto and incorporated herein by reference, to the Grantee also known by street and number as: N/A TOGETHER with all and singular the hereditaments and appurtenances thereunto belonging, or in anywise appertaining, the reversion and reversions. remainder and remainders, rents, issues and profits thereof, and all the estate, right, title, interest, claim and demand whatsoever of the Grantors, either in law or equity, of, in and to the above bargained premises, with the hereditaments and appurtenances; TO HAVE AND TO HOLD the said premises above bargained and descnbed with the appurtenances. E e Grantees. and their respective heirs, successors and assigns forever. The Grantors, forthemselves. their sors and assigns does covenant and agree that they shall and will WARRANT AND FOREVER DEFEND above-bargained premises in the quiet and peaceable possession of the Grantee, its heirs, successors and assigns, against all and every person or persons claiming the whole or any part thereo~ by, through or under the grantors. The singular number shall include the plural. the plural the singular. and the use of any gender shall be applicable to all genders. IN WITNESS WHEREOF, the grantors have executed this deed, effective the day and year first above written. MARYV ALE LLC, a Colorado limited liability company By: E. Rick Watrous, anager 3333 S. Wadsworth Blvd., #207 Lakewood, Co orado 80227 By: . 2 Received Time Jul. 21. 3:08PM Print Time Jul.21. 3:19PM ýÿ JWL-21-1999 15:20 SOLOMON PEARL BLUM QlJ 1 NN ~..) t::I.)~ bbJ";' r. lUl:J" Ct:J . STATEOFCOLORADO ) ) 5S. COUNTY OF ARAP ARon ) The foregoing instrument was acknowledged before me thiB:2L. sly of July, 1999 by E. Rick Watrous and Richard F. Nipert as the Managers ofMARYV ALE LLC, a Colorado limited liability company. Witness my hand and official seal. ') ~a_R&'~ bUc U . . Castle Hill Corporation BY:~4C.c ~ Name: Sohrab Amini, Vice President B;y):~ ~lt . an a, In Vi U y, Y Richard F. Nipert, his attorney-in-fact Briali LLC, a Colorado limited liability company . G enn E. Duffy, individu by Duane A. Duffy, ~~d:tM~))M E. Rick Watrous, individually ~~ Donald E. Mielke, individually 3 Received Time Jul.21. 3:08PM Print Time J u I. 21. 3: 18 PM JUL-~1-1~~~ l~;~~ \ ,:)UI-"'-II.IUI... rc.rv'~ &.n-UlI UlUj,'''' . ~ ;I f1h Kevin L. Ehlers, individually Bentley Investments, Ltd. Thomas E. Adams, individ y, Duane A. Duffy, his attorney-in a ST ATE OF COLORADO ) )ss COUNTY OF ARAPAHOE ) AThc forcgoing was signed and acknowledged before me this CJ ,sf day of July 1999, by Du~A. Duffy, individually; Castle Hill Corporation, by Sohrab Amini ..Vice President.; Baljit S. Nanda, by Richard F. Nipert, his attorney-in-fact; Briali LLC by Richard F. Nipert, Manager; Glenn E. Duffy, individually, by Duane A. Duffy, his attorney-in-fact; E. Rick Watrous, individually; Donald E. Mielke, individually; Kevin L. Ehlers, individually; Bentley Investments, Ltd., by Kevin L. Ehlers, attorney-in-fact, and Thomas E. Adams, individually, by Duane A. Duffy, his attorney-in-fact. Witness my hand and official seal. My conunission expires: .3 A-k Oc;) / , ~~~~ . 4 Received Time- Jul. 21. 3:08PM Prinl Time J u I. 21. 3: 18 PM ýÿ JUL-21-1~~~ 1~:~~ . . ~ULUlYIUN I"'CHKl.. J:lLUI'1 b1UlI'IJ't -..)l:J..J Q..J.c. OC..J.... r. .L~.c.t:I PARCEL A: Exhibit A to Special Warranty Deed from Memben of MaryvaJe LLc to Marvvale Villaee LLC Real Property Description' A parcel of land located in the South one-half of the South one-half (51/2S1/2) of Section 20, the Souch one-half of the Southwesc ene-quarter (Sl/2SWl/4) of Section 21, Section 28 and Section 29 all in Township 1 South, Range 1S West of the Six~h Principal Meridian, County of Grand, State of Colorado, more particularly described as follows: ~ That porcion ot the Southwest on~-quarter of the Souchwest one-quarter (SWl/4SWll~) of said Secd.on 20 lying Northerly and Easterly.of the Southern Pacific Railroad r1ght ot .\l~Y; .' Together with tha~ por~ion of the Southeast one-quarter of the . Southwest one-quarter (SEl/tSW1/4) of said Section 20 lying Southerly and Westerly of Highway No. 40; ,'- Together \lith the South one-half of the Southeas~ one-quarter (Sl/2SE1/4) of said Section 20; Together with the South one-half of the Southwest one-quarter (Sl/2SW1/4) of Section 21; Together with ~he Northeast one-quarter (NEl/4) of said Section 2S; Together with the No~th one-half of the' Southeast one-quarte~ (Nl/2SE1/4) of said Sec~ion 28; Together with that portion of the Northwest one-quarter o~ the Southwest one-quarter (NWl/4SWl/4) of said Se:tion 28 ly~ng Northerly of tne right or way of K1ngs crossing Ro~d as described on a Land Survey Plat recorded at Reception No. "007&15; ']'ogecher with that portion of 'the Southwest one-quart:er of 'the SOuthwesc one-quarcer (SHl/4SW1/~) of said Section 28 lying Northerly of said right of way of Kings Crossing Road, be th~re any; Together wi~h the Northwest one-quarter (Nw~/,) of said Section 28; Together with the Northeast. one'-quarter (NEl/4) ~.9t,.sa.id Sect.ion 29 i Together with chose portions of the Southeaat 9ne.~uarter (SE1/4) of said Section 29 as described as Parcel 3. and PArcel 4 ~C Reception No. 97002916: Together with chat portion of .the North one-half of th~ Northwest one-quarter (Nl/2N~1/4) of said Section 29 lying Northerly and Easterly of the Southern Pacific Railroad right of way 1 ~ogether with the South one-half of the Sou~hwest on~-quarter (Sl/2SW1/4) of said Saction 29; Together with thac portion of Northeast one-quarter of the Southeasc one-quarcer (NE1/4SE1/4) ot Section 29 lying Norcherly and Eascerly of the Southern Pacific Railroad right of way; -.. ... ......~ Except the right of way for Highway No. 40; Excepc the right of way for Souch~rn Pacific Railroad; Except the trace of land conveyed by Regis-Maryvale, Inc. to the East (Continued) . . Exhibit A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 1 of2 Received Time Jul. 21. 3:08PM Jul. 21. 3:18PM Print Time ýÿ J~-21-1999 15:21 ~Ul'1UN r-~ DL.Un U1U1I'U" -.J~ ___ ____ Exhibit A, continued: . . Grand Fire P:oteccion District by inscrument recorded November 8. 1982, in Book 318 at Page 649 in the Office of the Grand County Clerk and Recorder: Excep~ the tract of land conveyed by Regis-Maryvale, Inc. to the Grand County Wacer and Sanitation District No. 1 by instrument recorded July 26, 1983, in BOOK ~~2 Be Page '77, Except the trace of land conveyed by Regis-Maryvale, Inc. to the Town of Fraser by Warranty 'Deed recorded November S, 1987, in Book '27 at Page 601; . . Except thae parcel of land known as Tract .A~, Regis-Maryvale. Inc. a Subdivision Exempcion as recorded ae. Reception No. 280227, ~xcept the right of way of that County R~a4 known as "Forest Trail" as recorded in Book 222 DC ,Page 248 J i::.tcept the r.ight pf. 'fIr-y' of thae. County Road knOll" &S 'uOld. King Road II as recorded at File' Number 0080, '. ,- Except chac five (5) acre .c=act pf land conveyed by Haryvale, LLC co the Church recorded June 29, 1'98 at. ReCeption No. 9a0069Sl, Except that tract of land known as -Maryvale Planning Area No. 6U a Subdivision Exemption, , Excepc that trace of land known as -King's Crossing Solar Townhomesd as reco~ded at' Reception No. 177402 and Except thacparcel of lan~ aescribed as an exception parcel in Book 442 at Page 6~7. PARCEL B: Tha~ cercain crace or parcel of land consisclng of a portion of the ~: Southeast one-quarter Southeasc one-quarter (SE1/4Sel/~) of Section 29, Tounship 1 South, Range 75 West of thel6th P.M., described as follows: ~ Beginnlng at eha.Southwest corner of chat certain trace or parcel of land conveyed to one Wm. L.. Herlinger by deed recorded September 28, 192~ and n9w appearing 9! record, in the Recorder's Offices of the County of Grand and State of Coloradp in BOok 73 at page 505; thence South a distance of 100 teec; thence at ri9ht angles Lase. 200 feet: thence at right angles North 100 fe~t,. thence at right angles West 200 feet co the place of beginning. Except those parcels described on Exhibit B (Smith Parcel), Exhibit C (Hoover Parcel)Exhibit D (Berry Parcel) and an undivided 20% interest in the real property described on Exhibit E (Sheets Interest). _xhibit A .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. . .. Page 2 of2 Received Time Jul. 21. 3:08PM Print Time J u I. 21. 3: 18 PM ýÿ . . . Exhibit B to Special Warranty Deed from Members of Maryvale LLC to Maryvale Village LLC Smith Parcel PARCEL A: That portion of the SE1I4SWl/4, Section 20, Township 1 South, Range 75 West of the 6th P.~I. lying SCluth and West of the right-of-w:lY of U.S. Highway 40, as established by Deed from Frank J. Johns to th~ Dep:lrtment of Highways, SeHe of Colorado, recorded April 12, 1978, in Book 244 at Page is; A~'D That portion of the NW1I4, Section 29, Township 1 South, lUnge 75 West of the 6th P.~L lying North and' East of the right~f-war of the Denver and Rio Gr..tnde Western Rajlw~tt EXCEPT that portion of th~ SE 1I4SW1I4 of said Section 20 described as follows: Commencing at the Northwest corner of the SElI4SW1l4 of said Section 20; thence South 00 de<~rees 13 minutes 17 seconds East along the West line of the SE1I4SW1l4 of said Section 20 a distance of 582. il feet to the TRUE POINT OF BEGt'\7\'lNG; thence North 89 dt:'Jrees 46 minutes 33 seconds East .333.77 feet; thence South 00 de<.;rees 13 minutes 21 seconds East par-ollie! with the West line of the the SE1I4SW1I4 of said Section 20 a distance of 651.55 feet; thence Suuth 89 de<Jrees 46 minutes 33 seconds West .333.77 feet to. the \Vest line uf the SE1I4$W1I4 of s:lid Section 20; thence North 00 de-.;rees 13 minutes 27 seconds West alnn:,: the West line of the SE1I4S\\'I/4 uf suid Seetiun 10 a distance of 652.55 feet tu the TRUE POINT OF BEGl'''NL~~. County of Grand, St:Jte of Color:Jdn. Exhibit B . . . . . . . . . . . . . . Page 1 of 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ýÿ I' -. . . . Exhibit C to Special Warranty Deed from Members of Maryvale LLC to Maryvale Village LLC Hoover Parcel LEGAL DESCRIPTION That certain tract or parcel of land consisting of a portion of the Southeast one-quarter Southeast one-quarter (SE1/1SE1/4) of Section: 29, Township 1 South, Range 75 West of the 6th P.M., described as follows: Beginning at the Southwest corner of that certain tract or parcel of land conveyed to one Wm. L. Herlinger by deed recorded September 28, 1929 and now appearing of record in the Recorder's Offices of the County of Grand and State of Colorado in Book 73 at Pag~50S; thence South a distance of 100 feeti thence at right angles East 200 feeti thence at right angles North 100 feeti thence at right angles West 200 feet to the place of beginning. .... County of Grand State of Colorado Exhibit C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page I of I ýÿ . Exhibit D to Special Warranty Deed from Members of Maryvale LLC to Maryvale Village LLC Berry Parcel A tract or parcel of land out of the SE~SE~. Section 29. Township 1 South. Range 75 West of the 6th P.M.. more particularly described by mete and bounds survey notes as follows: Begi nni ng at the NE Corner of the tract at a poi nt on the North boundary line of said SE~SE~. of Section 29. whence the one quarter section corner between Sections'28 and 29. Township 1 South. Range 75 West of the 6th P.M. bears North 28022' East 1501 feet more or less and running thence West 200 feet to the NW Corner. thence South 100 feet to the SW Corner. thence East 200' feet to the SE Corner. thence North 100 f~! to the NE Corner and place of beginning. True course used. Var. ~o East. County of Grand. State of Colorado . Exhibit D . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 1 of 1 . . . i- ... ALL OF THE NORTHEAST QUARTER ,OF THE SOUTHEAST QUARTER OF SECTION 29. TOWNSHIP 1 SOUTH, RANGE 75 WEST OF THE SIXTH PRINCIPAL MERIDIAN, COUNTY OF GRAND, STATE OF COLORADO LYING NORTHEASTERLY OF THE DENVER AND RIO GRANDE WESTERN RAILROAD RIGHT-OF-WAY (CURRENTLY OWNED BY SOUTHERN PACIFIC LINES) EXCEPT THAT TRACT CONVEYED TO LELAH M. VENABLE AND HENRY J. KING DESCRIBED AS FOLLOWS: COMMENCING AT THE SOUTHEAST CORNER OF THE NORTHEAST QUARTER OF THE SOUTHEAST QUARTER AND RUNNING THENce NORTHERLY ALONG THE EAST LINE OF SAID SUBDIVISION FOR 315 FEET; THENCE WESTERLY PARALLEL TO THE SOUTH LINE OF SAID SUBDIVISION FOR 176 FEET; THENCE S 02020'00" E FOR 145.3 FEET; THENCE S 51440'00" WEST FOR 97.5 FEET TO THE EAST RIGHT-OF-WAY LINE OF THE DENVER AND RIO GRANDE WESTERN RAILROAD; THENCE SOUTHEASTERLY ON A 08000'00" CURVE FOR 142 FEET MORE OR LESS TO THE SOUTH LINE OF SAID NORTHEAST QUARTER OF THE SOUTHEAST QUARTER AND THENCE EASTERLY ALONG SAID SOUTH LINE OF SAID SUBDIVISION FOR 154.7 FEET TO THE POINT OF BEGINNING. SAID PARCEL CONTAINS AN AREA OF 12.17 ACRES, MORE OR LESS. Exhibit E.......................................................... Page 1 of 1 . JUL-21-1999 15:21 SOLOMON ~ tlLUM ~U1NN ~ ~,cco~ r.~~/~~ L'6 . Recorded at o'clock _ M., .ption No. When recorded, return to: Recorder. Solomon Pearl Blum & Quinn LLP Attn: Thomas F. Quinn, Esq. 1700 Broadway, Suite 1820 Denver, CO 80290 SPECIAL WARRANTY DEED Tms DEED, made this _ day of July, 1999 between: MARYV ALE LLC, a Colorado limited liability company BENTLEY INVESTMENTS, LTD., whose legal address is P.O. Box 621884, Littleton, Colorado, 80162, of the County of Arapahoe, State of Colorado; THOMAS E. ADAMS, whose legal address is 1705 14* Street, #203, Boulder, Colorado 80302, of the County of Boulder, State of Colorado; CASTLE HILL CORPORATION, whose legal address is 10756 E. Virginia eue, Aurora, Colroooo 80012, of the County of Arapahoe, State of Colorado; BAUlT S. NANDA, whose legal address is 9777 S. Yosemite, Suite 120, Littleton, Colorado 80124, of the County of Douglas, State of Colorado; BRIALI LLC, whose legal address is 443 S. Gaylord, Denver, Colorado 80209, of the City and County of Denver, State of Colorado; DUANE A. DUFFY, whose legal address is 4550 Tule Lake Dr., Littleton, Colorado 80123, of the County of Arapahoe, State of Colorado; GLENN E. DUFFY, whose legal address is 607 W. 6* Street, Ft. Lauderdale, Florida 33315, of the County of . State of Florida; E. RICK WATROUS, whose legal address is 12664 W. Buckhorn Rd., Littleton, Colorado 80127, of the County of Jefferson, State of Colorado; DONALD E. MIELKE, whose legal address is 7037 S. Miller Ct., Littleton, Colorado 80127. of the County of Jefferson, State of Colorado; and KEVIN L EHLERS, whose legal address is 11726 Prentice Dr., Littleton, Colorado 80127, of the County of Jefferson, State of Colorado, .\Aclive\60064.000IDeeds\Land-Deed-2ao002.wpd . .1999 Received Time Ju l. 21. 3: 08PM Print Time Jul.21. 3:18PM . JUL-21-1999 15:22 SOLOMON PCHI-<L J:LUM 6IU 1 NN ~ W.::: bb:>~ t-'. 1.Y d:J as their respective interests may appear, (collectively, the Grantors), and Maryvale Village LLC, a Colorado limited liability ceny, whose mailing address is c/o KoelbelWmterPark,LLC, 5291 Yale Circle. Denver. CO 80222 (Grantee). WHEREAS, Grantors are the owners of the real property descnbed below and have full power and authority to convey such property to Grantees. WITNESS, that the Grantors, for and in consideration of the sum ofTEN DOLLARS, the receipt and sufficiency of which is hereby acknowledged, have granted, bargained, sold and conveyed, and by these presents do grant. bargain, sell. convey and confirm unto the Grantee, and its successors and assigns forever, all the real property, together with improvements, if any, situate, lying and being in the County of Grand, State of Colorado, descnbed as fol~ows: the real properties whose legal descriptions are set forth on Exlubits A, B, and C at+.ached hereto and incorporated herein by reference, also known by street and number as: N/A TOGETHER with all and singular the hereditaments and appurtenances thereunto belonging, or in anywise appertaining, the reversion and reversions, remainder and remainders, rents, issues and profits thereof, and all the estate, right. title, interest, claim and demand whatsoever of the Grantors, either in law or equity, of, in and to the above bargained premises, with the hereditaments and appurtenances; TO HAVE AND TO HOLD the said premises above bargained and descnbed with the appurtenances, unto the Grantees, and their respective heirs, successors and assigns forever. The Grantors, for themselves, their successors and assigns does covenant and agree that they shall and will WARRANT AND FOREVER DEFEND t8>ove-bargained premises in the quiet and peaceable possession of the Grantee, its heirs, successors and ~, against all and every person or persons claiming the whole or any part thereof, by, through or under the Grantors. The singular number shall include the plural, the plural the singular, and the use of any gender shall be applicable to all genders. IN WITNESS WHEREOF, the Grantors have caused theirnames to be hereunder subscribed by its duly authorized manager, effective the day and year first above written. MARYV ALE LLC, a Colorado limited liability company By: ~t~ E. Rick Watrous, Manager 3333 S. Wadsworth Blvd.. #207 Lakewood, Colorado 80227 ~~ 1648 Washington Street. #100 Denver, Colorado 80203 By: . 2 Received Time Jul. 21. 3:08PM Print Time Jul. 21. 3:18PM ýÿ JUL-21-1~~~ l~;~~ :;)lJl..unUl"t rl:.Mf'L.. UL..U1 I Ul\J..... eATEOFCOLORADO ) ) ss. COUNTY OF ARAPAHOE ) The foregoing instnunent waS acknowledged before me thi&:2/~ of July, 1999 by B. Rick Watrous and Richard F. Nipert as the Managers ofMARYV ALE LLC, a Colorado limited liability company. ~~C%--(T . Casu. Hill Corporation~ B~ €A Sohnh om, Vice President Briali LLC, a Colorado limited liability Glenn E. Duffy, individu Duffy, his attomey-in-fac ~.t,(~>-U4 E. Rick Watrous, mdividually ~~ Donald E. Mielke, individually . 3 Received Time Jul. 21. 3:08PM Print Time Jul. 21. 3: 17PM ýÿ JUL-21-1999 15:22 SOLUMUN t-'CHt<L J::ILUrJ t.IU INN ~~~ OJ, COjj r.Lj~~~ . ~ :I [/~ Kevin L. Ehlers, individually Bentley Investments, Ltd. Thomas E. Adams, individlJ Duane A.Duffy, his attorn -i STATE OF COLORADO ) )ss COUNfY OF ARAP AROE ) The foregoing was signed and aclCnowledged before me this d/~y of July 1999, by ...Iluane A. Duffy, individually; Castle Hill Corporation, by Sohrab Amini, Vice President:; -.ujit S. Nanda, individually, by Richard F. Nipert, his attorney-in-fact; Briali LLC, by Richard F. Nipert, Manager; GlelU1 B. Duffy, individually, by Duane A. Duffy, his attorney-in-fact; E. Rick Watrous, individually; Donald E. Mielke, individually; Kevin L. Ehlers, individually; Bcntlcy Investments, Ltd., by Kevin L. Ehlers, its attorney-in-fact, and Thomas E. Adams, individually, by Duane A. Duffy, his attorney-in-fact. . 4 Received Time Jul. 21. 3:08PM Prinl Time Jul. 21. 3: 17PM . . . Smith Parcel PARCEL .\: That portion of the SE1I4SW1l4, St:etion 10, Tuwnship 1 South, Range 75 West of the 6th P.:\t. lying South and West of the right-of-w:!)' of U.S. Highway 40, as estahlished by Deed from Frank J. Johns to th~ D~parunent of Hi::hways, Sute of Color:ldo, rt:eorded April 12, 1978, in Book 144 at Page is; AND roo- That portion of the NW1I4, Section 19, Township 1 South, Range 75 West of the 6th P.~t. lying ~orth and E:lSt of the right-ilf-way of the Denver and Rio Gr.lnde Western Railway; EXCEPT that portion of the SElI~Wi/4 of said Section 20 described as follows: Cllmmencin~ at the Northwest corner of the SEII4SW1I4 of said St:Ction 20j thence South 00 de-~rees 13 minutes 27 seconds E:lSt :Jlong the Wtst line of the SE1I4SWI14 of said Section 20 a disl.:1nce of 582. i1 feet to the TRL"E POINT OF BEGL\~lNG; thence North 89 de-Jrees 46 minutes 33 seconds E:lSt 333. ii fet:t; tha:nce South 00 de-.,;rees 13 minutes 27 seconds E:lSt parJllel with the West line of the the SElI~S\'i1/4 of said Section 20 a diSt:1nce of 652.55 feet; thence South 89 de-r.:rees 46 minutes 33 seconds West 333. i7 r~et to the West line Ill' th~ SE1I4SWl!4 of said Sectinn 20j thence North 00 de-,:rees 13 minutes 27 ~cconds West alunt; tha: \rest line of the SE1I4S\\'lN of said Sectiun 10 a distance of 652.55 feel lI) the TRUE POrNT OF BEGl'7\L"~, C.lUnlY of Grand, SI:1te ui Culor:1dll. Exh'b't A . ' . . . . . . . . . . . . , , , . . . . . , . , Page 1 of 1 1 1 . . . . . . . . , . . . . , , . . . . . . . . , , . . . . , . . . ýÿ . . . Hoover Parcel LEGAL DESCRIPTION Thae ce~tain tract or parcel of land consisting of a portion of the Southeast one-quarter Southeast one-quarter (SE1/~SE1/4) of Section' 29, Township 1 South, Range 75 West of the 6th P.M., described as follows: ~ Beginning at the Southwest corner of that ce~tain tract or parcel of land conveyed to one Wm. L. Herlinger by deed recorded September 28, 1929 and now appearing of record in the Recorder's Offices of the County of Grand and State of-Colorado in Book 73 at Page 50S; thence South a distance of 100 feeti thence at right.angles East 200 feeti thence at right angles Ncrch 100 feeti thence at right angles West 200 feet to the place of beginning. ....: County of Grand State of Colorado Exhibit B Page 1 of 1 . Berry Parcel A tract or parcel of land out of the SE~SE~. Section 29. Township 1 South. Range 75 West of the 6th P.M.. more particularly described by mete and bounds survey notes as follows: Begi nni ng at the NE Corner of the tract at a poi nt on the North boundary line of said SE~SE~. of Section 29. whence the one quarter section corner between Sections'28 and 29. Township 1 South. Range 75 West of the 6th P.M. bears North 28n22' East 1501 feet more or less and running thence West 200 feet to the NW,Corner. thence South 100 feet to the SW Corner. thence East 200. feet to the SE Corner. thence North 100 feet to the NE Corner and place of beginning. True course used. Var. .:" East. County of Grand. State of Colorado . Exhibit C . . . . . . . . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 1 of I '. .JUL--~.I.-.I.::1::1::1 .I.~'~O .oJUL-U10 1UJ'1 r I:.r-II"- J:JL.U1O' UlU 11 'II 'I ~o....u:..~w r.t:J~'.L~ IC? Recorded at .ption No. When recorded. return to: o'clock _ M., Recorder. Solomon Pearl Blum & Quinn LLP Attn: Thomas F. Quinn, Esq. 1700 Broadway, Suite 1820 Denver. CO 80290 SPECIAL WARRANTY DEED Tms DEED. made tlili?~y of July, 1999 between KEVIN L. Em.ERS. whose legal address is 11726 Prentice Dr.. Littleton, Colorado 80127. of the County of Jefferson, State of Colorado; E. RICK WATROUS. whose legal address is 12664 W. Buckhorn Rd.. Littleton, Colorado 80127. of the County of Jefferson, State of Colorado; RICHARD F. NIPERT, an individual whose address is 1648 Washington Street, #100, Denver, Colorado 80203 of the City and County of Denver. State of Colorado; _ DONALD E. MIELKE, whose legal address is 7037 South Miller Court, Littleton, ""rado. of the County of Arapahoe, State of Colorado; DUANE A. DUFFY, whose legal address is 4550 Tule Lake Dr.. Littleton, Colorado 80123. of the County of Arapahoe. State of Colorado; GARY R. DANI, whose legal address is clo Richard F. Nipert, 1648 Washington Street, #100, Denver. Colorado 80203 of the City and County of Denver, State of Colorado; PREET SINGH, whose legal address is c/o Richard F. Nipert, 1648 Washington Street, #100. Denver. Colorado 80203 of the City and County of Denver. State of Colorado; JUDITH K. ELLIOIT. whose legal address is clo E. Rick Watrous. 12664 W. Buckhorn Rd. Littleton. Colorado 80127,. of the County of Jefferson, State of Colorado; and LARRY DUS, whose legal address is 10756 East Virginia Avenue, Aurora, Colorado 80012. of the County of Arapahoe, State of Colorado; as their respective interests may appear, (collectively, the Grantors), and JEFFREY G. SHEETS, an individual, whose address is 5291 Yale Circle, Denver, Colorado 80222, in ilie City and County of Denver, State of Colorado (the Grantee). WHEREAS, Grantors are the owners of the real property described below and have full power and authority to convey such property to Grantee. \.CtlVe\60064.0CO\DeedS\Land-Oeed-16.003.wpd . 0 . . . . . . . . . . . . . . . . . . . . . . . . .. Page 1 of 3 Received Tifl~e jul. 21. 2:36PM Print Time J u I. 21. 2: 43 PM ýÿ -1 JUL-~l-l~~~ 14.4b ::lULUI'IUI'I r"CHrCL J:lL..UI'I l>IUll'll~ ~ o...JG OC~~ r . t:J~ .L~ WITNESS. that the Grantors. for and in consideration of the sum ofTEN DOLLARS. the receipt and sufficiency of which .reby acknowledged, have granted, bargained. sold and conveyed, and by these presents do grant, bargain. sell. convey and rm unto the Grantee. and his heirs. successors and assigns forever. all the real property. together with improvements. if any. situate. lying and being in the County of Grand, State of Colorado. described as follows: an undivided 20% interest in the real properties whose legal descriptions are set forth on Exlubit A, attached hereto and incorporated herein by reference, also mown by street and number as: NlA assessor's schedule or parcel number: 1036782 R TOGETHER with all and singular the hereditaments and appurtenances thereunto belonging. or in anywise appertaining, the reversion and reversions. remainder and remainders, rents. issues and profits thereof. and all the estate, right, title, interest, claim and demand whatsoever of the Grantors. either in law or equity. of. in and to the above bargained premises. with the hereditaments and appurtenances; . TO HAVE AND TO HOLD the said premises above bargained and described with the appurtenances. unto the Grantee, and his heirs, successors and assigns forever. The Grantors. for themelves. their heirs successors and assigns do covenant and agree that they shall and will WARRANT AND FOREVER DEFEND the above-bargained premises in the quiet and peaceable possession of the Grantee, his heirs. successors and assigns. against all and every person or persons claiming the whole or any part thereof, by. through or under the Grantors. The singular number shall include the plural. the plural the singular, and the use of any gender shall be applicable to all genders. IN WITNESS WHEREOF, the grantors have caused their names to be hereunder subscnbed effective the day and year first above written. · ~L~ Kevin L. Ehlers ECM(,L~ /;;}~ RichardF. Nipert ~~ Donald E. Mielke ( Gary R. Dani . Received Time Jul. 21. 2:36PM Print Time J u I. 21. 2: 43 PM .. ~U~-'A-AJJJ ~~.~U ...J\..IL-'-IIC\..I>" . ......'-- _"-""", __...... . ~s.0 Jd~ ;;i CI~ Judith K. Elliott. by her attorney-in-fact. Kevin L. Ehlers fJu~ ~ /Larry Dus. by his attorney-in-fact, Sohrab Amini STATE OF COLORADO ) )ss ) COUNTY OF ARAPAHOE The foregoing was signed and acknowledged before me this ~y of July 1999. by Kevin L. Ehlers. individually; E. Rick Watrous. individually; Richard F. Nipert. individually; Donald E. Mielke. individually; Duane A. Duffy, individually; Gary R. Dani. individually. Preet Singh, individually; Judith K.. Elliott by Kevin L. Ehlers. her attorney-in-fact, and Larry Dus, by Sohrab Amini, his attorney in fact ~~ " - Public (/ . . .31.~koo , / \.\ActlVe\60064.00o\DeedS\Land-Oeed-16.00J.WPd . . . . . _ . . . . . . . . . . . . . . . . . Page 3 of 3 Received Time Jul. 21. 2:36PM Print Time Jul. 21. 2:42PM ýÿ ... . . . 1. ALL OF THE NORTHEAST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 29. TOWNSHIP 1 SOUTH, RANGE 75 WEST OF THE SIXTH PRINCIPAL MERIDIAN. COUNTY OF GRAND, STATE OF COLORADO LYING NORTHEASTERLY OF THE DENVER AND RIO GRANDE WESTERN RAILROAD RIGHT-OF-WAY (CURRENTLY OWNED BY SOUTHERN PACIFIC LINES) EXCEPT THAT TRACT CONVEYED TO LElAH M. VENABLE AND HENRY J. KING DESCRIBED A.S FOLLOWS: COMMENCING AT THE SOUTHEAST CORNER OF THE NORTHEAST QUARTER OF THE SOUTHEAST QUARTER AND RUNNING THENce NORTHERLY ALONG THE EAST LINE Of SAID SUBDIVISION FOR 315 FEET; THENCE WESTERLY PARAllEL TO THE SOUTH LINE OF SAID SUBDIVISION FOR 176 FEET; THENCE S 02020'00" E FOR 145.3 FEET: THENCE S 51040'00" WEST FOR 97.5 FEET TO THE EAST RIGHT-Of-WAY LINE OF THE DENVER AND RIO GRANDE WESTERN RAILROAD; THENCE SOUTHEASTERLY ON A 08aoo'oo~ CURVE FOR 142 FEET MORE OR LESS TO THE SOUTH LINE OF SAID NORTHEAST QUARTER OF THE SOUTHEAST QUARTER AND THENCE EASTERLY ALONG SAID SOUTH LINE OF SA(D SUBDIVISION FOR 154.7 FEET TO THE POINT OF BEGINNING. SAID PARCEL CONTAINS AN AREA OF 12.17 ACRES. MORE OR lESS. Exhibit A....................................................... Page 1 of 1 ýÿ -~ .. JUL-21-1999 15:24 ,. . . ~UlUMUN I-'CHt<L tLUM UlU 1 NN ~ ~,bbO~ ~.~~/,~ :r-~ . When recorded, return to: Solomon Pearl Blum & Quinn LLP Attn: Thomas F. Quinn, Esq. 1700 Broadway, Suite 1820 Denver, CO 80290 QUITCLAIM DEED Maryvale LLC, a Colorado limited liability company ("Grantor'') whose street address is c/o Richard F. Nipert, 1648 Washington Street, Denver, Colorado 80203, for the consideration ofTen Dollars and other good and valuable consideration, in hand paid, hereby quitclaims to Maryvale Village LLC, a Colorado limited liability company, whose street address is c/o Koelbel Winter Park, LLC, 5291 Yale Circle, Denver, CO 80222 (Grantee), all water and water rights owned by Grantor, including, but not limited to those interests set forth on Exhibit A attached hereto and incorporated herein by this reference. Signed thiv/s&y of July, 1999. Maryvale LLC, a Colorado limited Hab~__ _ By: ~ Richard F. Nipert, Manager By: E. Rick Watrous, Manager ST ATE OF COLORADO ) )ss ) COUNTY OF ARAPAHOE The foregoing was signed and acknowledged before me this ~~y of July 1999, by Richard F. Nipert and E. Rick Watrous as Managers ofMaryvale LLC, a Colorado limited liability company. Witness my hand and official seal. #.!YnrJ Received Time Jul. 21. 3:08PM Print Time Jul.21. 3:16PM ýÿ -- ' ... .-' . . Exhibit A WATER RIGHTS Any and all water rights. water resources. entitlements. structures and structure rights, shares in Colorado mutual or carrier ditch companies (by assignment as well as quit claim conveyance).wells. monitoring holes, and well permits owned by the Grantor, including, but not by way oflimitation, the following specifically described water rights: 1. The Cozens Ditch and watertight, as decreed in Civil Action No. 112, Grand County District Court (in former Water District No. 51), with an adjudication date of August II, 1906 and an appropriation date of the month of October, 1888, in the amount of 3.125 cfs from Vasquez Creek; 2. The Cozens Ditch, Leland Creek Enlargement, the water right for which was adjudicated in Case No. W-462, Water Division No. 5, witb an adjudication date of August 23, 1973, and an appropriation date of October, 1888, in the amount of2.875 cfs of water from Leland Creek; 3. Maryvale Reservoir original constIUction and water right, as decreed in Case No. W-462, Water Division No. S, with an adjudication date of August 24, 1913, and an appropriation date of September 12, 1958, in the amountof32.58 acre feet from the Fraser River. together with the Maryvale Reservoir Enlargement and all detention reservoirs referred to in the Plan for Augmentation, Case No. 98CW041, Water Division No.5; 4. Regis-Maryvale Sewage Effluent Pipeline and Ditch and water right, decreed for 3.0 cfs in Case No. 82CW418, Water Division No. 5, with an adjudication date of June 25.1986, and appropriation date of December IS, 1982; 5. The Lease Agreement by and between the Town of Fraser and Regis-Maxyvale, Inc., dated July 10, 1989, for 65 acre feet from the Middle Park Water Conservancy District's contract for water produced by the Windy Gap Project; 6. The Plan for Augmentation decreed in Case No. 86CW258, as Amended by Decree dated April 6, 1999 in Case No. 98CW041, Water Division No.5, together with all water rights involved in or associated with such augmentation plan, which benefits the same or which are benefitted thereby, in any way; 7. Water rights awarded in that certain decree entered in Case No. 90CW235 on June 8, 1995 by the District Court in and for Water Division No.5 with a date of appropriation of August 1, 1989. together with all water and water rights which are used or are to be used therein, are associated therewith, are appurtenant thereto, or are benefitted thereby TOGETHER with all associated diversion facilities, ditches, reseIVoirs and other structures and rights of way and easements used in connection therewith or appurtenant thereto. . \\TFQ\C\Active\60064.000\Deeds\ Water_ Deed-30.002. wpd Received Time Jul. 21. 3:08PM Print Time Jul. 21. 3:16PM P.20 ýÿ J~-21-1999 15:23 SOLOMON PEARL BLur., l>IU 1 NN ~.) OJ':: 00..1..1 r. .1o....,c;u L1 When recorded, return to: . Solomon Pearl Blwn & Quinn LLP Attn: Thomas F. Quinn, Esq. 1700 Broadway, Suite 1820 Denver, CO 80290 QUITCLAIM DEED. The undersigned parties ("Grantors'') whose strcct address is c/o Richard F. Nipert, 1648 Washington Street, Denver, Colorado 80203, for the consideration ofTen Dollars and other good and valuable consideration, in hand paid, hereby quitclaim to Maryvale Village LLC, a Colorado limited liability company, whose street address is c/o Koelbel Winter Park, LLC, 5291 Yale Circle, Denver, CO 80222 (Grantee) all water and water rights owned by Grantors which are associated with or appurtenant to the real property described in Exhibit A attached hereto and incorporated herein by this reference, including, but not limited to those interests set forth on Exhibit B attached hereto and incorporated herein by this reference. Signed this _ day of July, 1999. . Castle Hill Corporation Br~~ So Ami', Vice resident Baljit S. anda,' aividualIy, by Richard F. Nipert, his attorney-in-fact liabilily Glenn E. Duffy, individu by D A. Duffy, his attorney . . Received Time Jul. 21. 3:08PM Print Time J u I. 21. 3: 17 PM . . . JUL-21-1993 15:23 SOLOMON PEARL BLUM t>IU 1 NN ~..) o.....c:. DD~-t .. .L r , c.u Donald E. Mielke, individually ~ :/dJcr Kevin L. Ehlers, individually Bentley Investments, Ltd. By: jj~;t ttL . Kevin L. Ehlers, its Attorney-in-fact Thomas E. Adams, indivi a , Duane A. Duffy, his attomey-in- act Maryvale LLC, a Colorado limited liabilit p y STATE OF COLORADO ) )ss ) COUNTY OF ARAPAHOE The foregoing was signed and acknowledged before me this ~/~ay of July 1999, by Duane A. Duffy, individually; Castle Hill Corporation, by Sohrab Amini, Vice President "; Baljit S. Nanda, individually, by Richard F. Nipert, his attorney-in-fact; Briali LLC , by Richard F. Nipert, Manager; Glenn E. Duffy, individually, by Duane A. Duffy, his attorney-in-fact; E. Rick Watrous, individually; Donald E. Mielke, individually; Kevin L. Ehlers, individually; Bentley Investments, Ltd., by Kevin L. Ehlers, its attorney-in-fact, Thomas E. Adams, individually, by Duane A. Duffy, his attorney-in-fact, and Maryvale LLC, a Colorado limited liability company, by E. Rick Watrous and Richard F. Nipert as Managers. Received Time Jul. 21. 3:08PM Print Time J u I. 21. 3: 17 PM ýÿ . . A parcel of land located in the South one-half af the South one-half (51/2S1/2) of Sectidn 20, the Souch one-half of the Southwest ene-quarter (Sl/2SWl/t) of Section 21, Section 28 and Seccion 29 all in Township 1 South, Range 7S West of the Sixth Principal Meridian, County of Grand, State of Colorado, more particularly described as follows: .., Tha~ portion oi the South~est on~-quarter of the Southwest one-quarter (SW1/.SW1/4) of said Sec:ion 20 lying Northerly and Easterly.of the Southern Pacific ~ailroad rlght ot .w"y; .. Together with tha~ portion of ~he Southeast one-quarter of the . Southwest one-quarter (SE1/tSW1/4) of said Section 20 lying Southerly and Westerly of Highway No. 40; .'- Together with the South one-half of the Southeas~ one-quarter (Sl/2SE1/4) of said Section 20; Together with the South one-half of the Souchwest one-quarter (Sl/2SW1/4) of Section 21; Together with che Nor~heast one-qua~ter (NE1/41 of said Section 28; Together with the No~th one-half of the. Southeast one-quarter (Nl/2SE1/4) of said Section 28; Toge~her with that porcion of the Northwest one-quarce~ o~ the South~est one-quarter (NW1/4SW1/~) of said Seccion 28 ly~ng Norcherly of the right ot way of Kings Crossing Ro~d as described on a Land Survey Plat recorded at Reception No. '6007&15; "ogecher with that portion of che Southwest one-quarter of I:he Southwest one-quarter CSW1/4SW1/() of said Seccion 28 lying Norcherly of said right of way of Kings Crossing Road, be th~re any; Together with the Northwest one-quarter (NW1/4) of said Section 28; Together with the Northeast. one~quarcer (NE1/4)_9~~~aid Sec~ion 29; Together with ~hose portions ot the Southeast 9n~~uarcer (SE1/4) of said Sac~ion 29 as described as Parcel J.and Parcel ~ ~c Reception No. 97002916: . Tcgether with that portion of .the North one-h~lt of th~ North~est one-quarter (Nl/2N~1/() of said Section 2' lying Northerly and Easterly of the Southern Pacific Railroad right of. waY1 70gether with the South one-half of the SOUthwest one-quarter (Sl/2SW1/4) of said Section 2~; Together with that porcion of Northeast one-quarter of the Southeasc one-quarter (NE1/4SE1/4) of Seccion 29 lying Norcherly and Eascerly of ~he Sou~hern Pacific Railroad right of way; '-.: Excepc the righc of ~ay for Highway No. 40, . Except che righc of way for South~rn' Pacific Railroad; txcepc che trace of land conveyed by'Regis-Maryvale, Inc. to the East . (Continued) . Exhibit A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 1 of 2 Received Time Print Time Jul.21. 3:18PM Jul. 21. 3:08PM Exhibit A, continued: . Grand Fire proceccion District by inscrument recorded November a, 1982, in Book 318 at Page 64' in the Office of the Grand county Clerk and Recorder; Except the tract of land conveyed by Regis-Maryvale, Inc. to the Grand County Water and Sanitation District No. 1 by in9trument recorded July 26. 1983, in BOOK 3~2 ae page '77, ~xcepc the trace of land conveyed by Regis-Maryvale. Inc. to the Town of Fraser by Warranty'Deed recorded November 5, 1987, in Book ~27 ac Page '01: . . Except that parcel of land known as Trace ~A~! Regis-Maryvale. Inc. a Subdivision Exempcion as recorded ae Reception No. 2802271 ~xcept the right of way of thae County Roa4 known as "Forest Trail" as recorded In Book 222 at Jage 248, Except the r-ight pt. .",ay' of thae County Road knolln as '1I01d. King Road II as recorded at File' Number 0080., '.'- Except that five (5) acre ~=act pf land conveyed by Ha~ala. LLC co the Church recorded June 29, 1'98 at. Recep~ion No. 90006951, Exce?t that tract of land known as wHaryvale Planning Area No. ~n a Subdivislon Exemption, Excep~ that trace of land known as -King'S Crossing Sola~ Townhomes.1 as reco~ded at' Reception No. 177402 and E~cept that'parcel of land Bescribed as an exception parcel in Book . '142 at Page '07. PARCeL B: That. certain t.race or parcel of land consiSting of a portion of the r. Southaast one-quart.sr Southsasc one-quarter (SEl/4SE1/~) of Section 29, Tounship 1 South, Range 1S WeSt of the:'th P.M.. described as follows: .J.:. BeginnLng at t.he.Southwest corner of thac certain tract or parcel of land conveyed to one Wm. L..Herlinger by deed recorded September 28, 192~ and n~w appearing p! record, in ehe Recorder's Offices of the County of Orand and StAte of Coloradp 1n Book 73 at Page 505i thence South a distance of 100 teee; thence At riqht. angle9 Last. 200 feet.: thence ae right angles North 100 fe~t,. thence at right. angles West 200 feet. to the place of beginning. Except an undivided 20% interest in the real property described on Exhibit A-I. .hibit A .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. Page 2 of2 Received Time Jul. 21. 3:08PM Print Time Jul. 21. 3: IBPM . . . 1- , ALL OF THE NORTHEAST QUARTER OF THE SOUTHEAST QUARTER Of SECTION 29, TOWNSHIP 1 SOUTH, RANGE 75 WEST OF THE SIXTH PRINCIPAL MERIDIAN, COUNTY OF GRAND, STATE OF COLORADO LYING NORTHEASTERLY OF THE DENVER AND RIO GRANDE WESTERN RAILROAD RIGHT-Of-WAY (CURRENTLY OWNED BY SOUTHERN PACIFIC LINES) EXCEPT THAT TRACT CONVEYED TO LEU\H M. VENABLE AND HENRY J. KING DESCRIBED AS FOllOWS: COMMENCING AT THE SOUTHEAST CORNER OF THE NORTHEAST QUARTER OF THE SOUTHEAST QUARTER AND RUNNING THENce NORTHERLY ALONG THE EAST LINE OF SAID SUBOIVlSION FOR 315 FEET; THENCE WESTERLY PARALLEL TO THE SOUTH LINE OF SAID SUBDIVISION FOR 176 FEET; THENCE S 02020'00" E FOR 145.3 FEET: THENCE S 51040'00" WEST FOR 97.5 FEET TO THE EAST RIGHT-Of-WAY LINE OF THE DENVER AND RIO GRANDE WESTERN RAILROAD; THENCE SOUTHEASTERLY ON A oaooo'oo" CURVE fOR 142 FEET MORE OR LESS TO THE SOUTH LINE OF SAID NORTHEAST QUARTER OF THE SOUTHEAST QUARTER AND THENCE EASTERLY ALONG SAID SOUTH LINE OF SAID SUBDIVISION FOR 154.7 FEET TO THE POINT OF BEGINNING. SAID PARCEL CONTAINS AN AREA OF 12.17 ACRES, MORE OR LESS. Exh i bit A -1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 1 0 f 1 ýÿ Exhibit B WATER RIGHTS Any and all water rights. water resources, entitlements. structures and structure rights. shares in Colorado mutual or carrier ditch companies (by assignment as well as quit claim conveyance). wells. monitoring holes. and well permits appurtenant to. used in conjunction with or in any way benefitting the property described in Exhibit "An including. but not by way of limitation, the 'following specifically described water rights: . . 4. 1. The Cozens Ditch and water right, as decreed in Civil Action No. 112. Grand County District Court (in former Water District No. 51). with an adjudication date of August 11. 1906 and an appropriation date of the month of October, 1888. in the amount of 3.125 cfs from Vasquez Creek; 2. The Cozens Ditch, Leland Creek Enlargement, the water right for which was adjudicated in Case No. W-462. Water Division No. 5, with an adjudication date of August 23, 1973. and an appropriation date of October. 1888, in the amount of 2.875 cfs of water from Leland Creek; 3. Maryvale Reservoir original construction and water right, as decreed in Case No. W -462, Water Division No.5, with an adjudication date of August 24. 1973. and an appropriation date of September 12. 1958, in the amount of32.58 acre feet from the Fraser River. together with the Maryvale Reservoir Enlargement and all detention reservoirs referred to in the Plan for Augmentation, Case No. 98CW041, Water Division No.5; Regis-Maryvale Sewage Effluent Pipeline and Ditch and water right, decreed for 3.0 cfs in Case No. 82CW418. Water Division No. 5. with an adjudication date of June 25, 1986, and appropriation date of December 15. 1982; 5. The Lease Agreement by and between the Town of Fraser and Regis-Maryvale. Inc.. dated July 10, 1989. for 65 acre feet from the Middle Park Water ConselVancy District's contract for water produced by the Windy Gap Project; 6. The Plan for Augmentation decreed in Case No. 86CW258, as Amended by Decree dated April 6, 1999 in Case No. 98CW041, Water Division No.5, together with all water rights involved in or associated with such augmentation plan, which benefits the same or which are benefitted thereby, in any way; 7. Water rights awarded in that certain decree entered in Case No. 90CW235 on June 8, 1995 by the District Court in and for Water Division No.5 with a date of appropriation of August I, 1989, together with all water and water rights which are used or are to be used therein, are associated therewith. are appurtenant thereto. or are benefitted thereby TOGETHER with all associated diversion facilities, ditches. reservoirs and other structures and rights of way and easements used in connection therewith or appurtenant thereto. . \\TFQ\C\Active\60064.000\Deeds\WaterRights-29.XBS. wpd Received Time Jul. 21. 3:08PM Print Time Ju1.21. 3:17PM 't . . . , BILL OF SALE AND ASSIGNMENT THIS BILL OF SALE AND ASSIGNMENT (" Assignment") is entered into as of the day of July, 1999, by and between MARYVALE LLC, a Colorado limited liability company, CASTLE HILL CORPORATION, a Colorado corporation, BAUlT S. NANDA, individually, DUANE A. DUFFY, individually, GLENN E. DUFFY, individually, BENTLEY INVEST- MENTS, LTD., a Colorado corporation, BRIALI LLC, a Colorado limited liability company, THOMAS E. ADAMS, individually, E. RICK WATROUS, individually, DONALD E. MIELKE, individually, KEVIN L. EHLERS, individually, (collectively "Assignor") and MARYV ALE VILLAGE LLC, a Colorado limited liability company ("Assignee"). For value received, Assignor hereby assigns, transfers and conveys to Assignee and Assignee hereby assumes and accepts all of the right, title, and interest of Assignor, if any, in and to the following as the same pertain to that certain real property described on Exhibit A attached hereto (the "Property"): (1) All those items of personal property owned by Assignor and located on or used in connection with the Property, except for and specifically excluding all personal property, furnishings and fireplace in the improvement on the Property commonly known as the "Maryvale cabin;" (2) Assignor's interest as landlord under any written or verbal leases or tenancy agreements pertaining to the cabins located on the Property; (3) Any and all funds paid to Assignor in which a tenant has an interest (Assignor warranting that any amounts required to have been paid to any tenant under the Leases as of this date have been paid as of this date); (4) All guaranties and warranties; (5) All assignable licenses, permits, certificates, approvals, entitlements, authorizations and variances; (6) All assignable agreements, contracts and other contract rights; (7) All existing surveys, site plans, soil and substratus studies, architectural, engineer- ing and landscape drawings, plans or studies, environmental assessment reports, feasibility studies and other plans or studies; and (8) All contractual rights to water and water rights, if any. and other intangible property rights of Assignor. whether now existing or hereafter acquired. with respect to the Property (collectively the "Transferred Property"). 406120.2 mnO/99 ýÿ . . . Assignee hereby assumes and agrees ~o perfonn the obligations of Assignor with respect to the Transferred Property whether existing prior to the date hereof or arising subsequent hereto. The terms and provisions of this Assignment shall be binding upon and inure to the benefit of the respective parties hereto and their respective successors and assigns. This Assignment is entered into in conjunction with a transfer by Assignor to Assignee of Assignor's interest in the Property by Special Warranty Deeds dated as of the date hereof. All persons shall be entitled to act ,in reliance upon the matters herein contained without further inquiry of any kind and may rely on a carbon copy, telecopy or photocopy hereof without requiring the production of the original instrument. IN WITNESS WHEREOF, the parties hereto have executed this Assignment as of the day and year first above written. ASSIGNOR: MARYVALE LLC, a Colorado limited lia- ::~~Jr;r Ri hard F. Nipert, Manager By: 't.Q("1t,LDa~ E. Rick Watrous, Manager CASTLE HILL CORPORATION, a Colo- rado corporation BY~~ Title: ' ^ 4 t11. Jhr; BAUIT S. NANDA, individually, by Rich- ard F. N' ert, his attorney-in-fact GLENN E. DUFFY, indivi ua ly, A. Duffy, his attorney-in-fact 406120.2 crll2O/99 -2- . . . BENTLEY INVESTMENTS, LTD., aColo- rad.O corporati.on . . '6 By. ~ ~fi1 k Title: 'f~ _ r - . THOMAS E. ADAMS, i '''1: 1 Duane A. Duffy, his attomey-in-fac 'fQ&L \j)~ E. RICK WATROUS, individually ~~ DONALD E. MIELKE, individually ;JlM~ i ~ KEVIN L. EHLERS, individually 406120.2 07120/99 -3- . . . 406120.2 07120199 ASSIGNEE: MARYV ALE VILLAGE LLC, a Colorado limited liability company By: Koelbel Winter Park, LLC, a Colo- rado limited liability company, Man- ager By:~~~L Walter A. Koelbel, Jr. Manager By: Cornerstone Winter Park Holdings, LLC, a Colorado limited liability co~ Mo~ger By: ~L~~ Patrick M. Donovan Vice President -4- ýÿ . . . EXIDBIT A Description of the Property [see attached] 406120.2 07/20/99 . . A parcel of land located in the South one-half of the South one-half (51/2S1/2) of Section 20, the Souch one-half of the Southwesc ene-quarter CS1/2SWl/4) of Section 21, Section 28 and Section 29 all in Township 1 Sout~, Range 7S Wesc of the Sixth Principal Meridian, County of Grand, State of Colorado, more particularly described as follows: ~ Tha~ portion oi the Southyest on~-quarcer of the Southwest one-quarter (SW1/~SW1/~) of said Sec~ion 20 lying Northerly and Easterly,of the Southern Pacific ~ailroad r1.9ht of., "'~y; .' Together wich that porcion of the Southeast one-quarter of the . Southwest one-quarter (SE1/4SW1/4) of said Section 20 lying Southerly and Westerly of Highway No. -to; .'- Together with the South one-half of the Southeas~ one-quarter (Sl/2SE1/4) ot said Section 20; Together with the South one-half of the Southwest one-quarter ISl/2SW1/4) of Section 2l: Together with the Norcheast one-quarter (NElli) of said Section 2a; Together with the North one-half of the'Southeast cne-quarte~ (Nl/2SE1/4) of said Seccion 28; TogeLher with chat porcion of the Northwest one-quarte~ o~ the Southwesc one-quarter (NW1/4SW1/4) of said Section 28 ly~ng Northerly of tne right or way ot Kings crossing Road AS described on a Land Survey Plat recorded at Reception No. "007'15; Togecner with that portion of ehe Southwest one-quarter of the SouthweSt one-quarcer (SH1/tSW1/() of said Seccion 28 lying Norcherly of said right of yay of Kings crossing ROAd, be th~re any; Together with the Northwest one-quarter (NW1/~) ot said Sec~ion 29; Together with the Northeast:, one'-quart;er (~l./<l) ...9t"said Sect,ion 29 i Together vith Lhose porcions at the Southeast 9ne.~ua~cer (SEl/4) of said 5action 29 as described as Parcel 3. and parcel . ~c ~eeeption No. 97002916: Tcgether with that portion of .the North one-halt of the NOrthwest one-quarter (Nl/2Nwl/t) of said S~ction 2' lying Northerly and Easterly of the Southern Pacific Railroad right of,waY1 70gether with the South one-half or the Southwest one-quarter (Sl!2SW1/4) of said Section 2~; Together ~ith thac porcion of Norcheast ohe-quarter of the Soucheasc one-quarter (NEl/4SE1/4) of Section 29 lying Norcherly and Easterly of che Southern Pacific Railroad right oi way; .....: Except the right of way for Highway No. 40; Except che righc of way for South~rn Pacific Railroad; ~cepc the tract of land conveyed by Regis-Maryvale, Inc. to the East . (continued) , Exhibit A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , . . . . . . . . . . . . . , . . Page 1 of2 Received Time Jul. 21. 3:08PM Print Time J u I. 21. 3: 18 PM ýÿ s.:.... ,~. ;>-:y;. H ,.;, .,~~..;" 'I: >: Ii. Exhibit ~ continued: . Grand Fire Proteccion District by instrument recorded November B, 1982, in Book 318 at Page 64' in the Office of the Grand County Clerk and Recorder; ~xcept the tract ot land conveyed by Regis-Maryvale, Inc. to the Grand County Wacer and Sanitation District No. 1 by instrument recorded July 26, 1!8J, in Book 3)2 ae Page '77, Excepc the trace of land conveyed by Regis-Maryvale, Inc. to the Town of Fraser by Warrancy'Ueed recorded November 5, 1987, in Book ~27 ac Page 601; . " Exc~pt thae parcel o~ land known a9 Trace .^~~ Regis-Maryvale, Inc. a Subdivision Exempcion as recorded at Reception No. 280227, ~xcept the right of way of that County Roa~ known as "Forest Trail" as recorded in Book 222 at ~age 248, Except the t'ight pl. "'~Y' of thac County Road kno\lf\ as '''Old. King Road" as recorded at File' Number 0080.1 . .... txcept that five IS) acre ~=act pf land conveyed by Haryvale, LLC ~o the Church recorded June 29.1"0 Bt.Reception No. 9000li951, Except thAt tract of land known as -Haryvale Planning Area No. Ii" a Subdivision Exemption, Excepe thac trace of land known as .~ing's Crossing Solar Townhomesd as reco~ded at" Reception No. 1'7~02 and Except that'parcel of land 6escribed AS an exception parcel in Book . 442 ae Page '~? PARCeL 8: That certain trace or parcel of land consisting of a porcion of ~he Soucheast one-quarter Southe8sC one-quarter (SEl/4SE1/~) of Seccion 29, Tounship 1 South, Range 7S West of thel6th P.M., described as follows: or .1:- Beginnlng at the. Southwest corner of that certain trace or parcel oe land conveyed to one Wm. L. Herlinger by deed reco~ded September 28, 192~ and n~w appearing 9! r~cord.in the Recorder's Oftices of the County of Orand and State of Coloradp in aook 73 at Page 50S; thence South & distance of 100 teet, thence at ri9ht angle9 LAse 200 feet: thence at right angles North 100 fej!t,. thence at righc an9125 Wes t 200 feet to the placa of beginning. E~cepr an undivided 20% interest in the real property described on Exhibit A-i. .. ' EXJ1l0lt A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . " . . . . Page 2 of 2 'Received Time J u I. 21. J: 08PM Prinl Time Jul. 21. 3: 18PM ýÿ . . . (' ALL OF THE NORTHEAST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 29, TOWNSHIP 1 SOUTH, RANGE 75 WEST OF THE SIXTH PRINCIPAL MERIDIAN, COUNTY OF GRAND, STATE OF COLORADO LYING NORTHEASTERLY OF THE DENVER AND RIO GRANOE WESTERN RAILROAD RIGHT-OF-WAY (CURRENTLY OWNED BY SOUTHERN PACIFIC LINES) EXCEPT THAT TRACT CONVEYED TO LElAH M. VENABLE AND HENRY J. KING DESCRIBED AS FOLLOWS: COMMENCING AT THE SOUTHEAST CORNER OF THE NORTHEAST QUARTER OF THE SOUTHEAST QUARTER AND RUNNING THENCE NORTHERLY ALONG THE EAST LINE OF SAID SUBDIVISION FOR 315 FEET; THENCE WESTERLY PARALLEL TO THE SOUTH LINE OF SAID SUBDIVISION FOR 176 FEET; THENCE S 02020'00" E FOR 145.3 FEET: THENCE S 51040'00" WEST FOR 97.5 FEET TO THE EAST RIGHT-OF-WAY LINE OF THE DENVER AND RIO GRANDE WESTERN RAILROAD; THENCE SOUTHEASTERLY ON A 08aoo'oo~ CURVE FOR 142 FEET MORE OR LESS TO THE SOUTH LINE OF SAID NORTHEAST QUARTER OF THE SOUTHEAST QUARTER AND THENCE EASTERLY ALONG SAID SOUTH LINE OF SAID SUBDIVISION FOR 154.7 FEET TO THE POINT OF BEGINNING. SAID PARCEL CONTAINS AN AREA OF 12.17 ACRES, MORE OR LESS. Exhibit A-i........................................................ Page 1 of 1 . 1 ~ 7Y SCALE: ,. = so' ~o LEQEND . - SET ALU.... CAP PlS 131942 o - FNO. ALU.... CAP PLS /125971 ~ - PHONE PEDESTAL ~ - POWER POLE . - WATER VALVE 'r:f - FIRE HYDRANT -&-- UGHT POST . - PIlLAR , @ - GUY WIRE ANCHOR -E- - OVERHEAD ElECTRIC SITE DATA: TOTAl. LAND AREA - Il\JBlIlNC AREA - CO'IERED DEClCS - P_ AREA '" DRI'EWAY ~B57.80 .... ft. t:mfi ::: It 24838.31 .... It;. . OPEN SPACE - 13,.11II5.32 .... ft. (m.nK) SAI.D III DISPl.AY AREA 1ST FLOOR - 2.I7l.75 .... ft. SAlES III DISPl.AY AREA PARKING REQUIREIIENT - 12 PARICING SPACES NEW APARlloIENlS PARICIIIG REQUIREIIIDlT - II PARKlNO SPACES TOTAl. EllISTlNll PARICIIIG SPACES - 32 PARl<lNG SPACES fJOSTY/AaIE. - 8.9ll IJIlIIII/Acre ZlINED IIUSINESS UNmiii - 115 CONTAIN 2 IlEDROOll5 UNIT CONTAINS 3 BEDROClIIS UNIT CONTAINS 2 BEDROClIIS NOTES: 1. The ~ """"manU .... _ Tn lIle ...--.nran of Ihlll ounoey. ... Grand CaulIt, Rec:GR!a. ,,-'. lIap. 1ll87'-2G-3 b. FInt Amllfoal lltIe I""""",,,,, Company flI9l122-e. The 1IlI. CampclftJ a. Cronel Count,..--. ReouIIdMaIan of ParcoI C. Foral MeocI-. ~Grand~t/'~~ of Tracl8 D and E. P_ C .oral _ SoIor CcrnmanItJ, ~_ , 218772 2. 1lIlo ......., _ not _ G _ _ bJ lTrn _ I.GIld _,... .1. 1lIlo prorn/M8 are lIUb)eot to emJ emd GlI _lo, ..,u of ...,.. -"'"- oneI/.. __ all of ....., may _. 4. ~d utlIIlIa are not ....... ll. All III'DIIed and ~ GraS oIIeIJ be ~ and/... rewgetotod with IHItIvo .. *""",t roololAmt plan1 ___ OWNERS: PCIUl A. Jon.. II IiIaJy C. ....... P.o. IIoll 718 ._. CO 80442 DESIGNER: Alan B. CGrt.- -1ect, lLC p,o. Box 1111 llnlnby. CO lI0448 LAND SUR\EYOR: 1lmoIhJ R. Shenk P.O. Box _ ......... CO 80442 1170-728-2031 . NOTlCC: At:coni1n9 10 CdDtVfIo /qw. you must __ ""Y /et14I action -.J _ my _ In th1tI _y odIhIn fIno__ oflr you _ _ ouch tUh<:t. In no -t. tfl4y "'Y I"'" action _ upon my _ In Ih. _yl>> __ m.. _ ,." __ Il1Im /he _ 0' -'1_ .."..., -. FINAL PLAT SKI BROKER EMPLOYEE HOUSING APARTMENTS TRACT C RESUBDIVISION OF PARCEL C FOREST MEADOWS SOLAR COMMUNITY TOWN OF FRASER GRAND COUNTY, COLORADO . ~.s: ~Q ~~-<1 )- <;to PARCEL II ~l! N'" ft ... "'10 ii ii . j: . j: . ..:::::.:.. f::.. ~: .~; .-:.. . .:.:.:.:.:.:.:.. . . . . . . . . ~ . . . . . . . . . . . . - - . . . . . - ..-.....-. -- - - .--. - - . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 . . . . . . . . . . . . . . .99. . . . . . . . . . . . . . . . . . . . . . . . . . MiAS. N 8i"5i'42- E 9294.e3'_...... ~TN 4 JOHN'S DRIVE ~---- TRACT D 1lEA5. . R : SRloo. L - 82.93- Pl.A T R-lI D - DO' L_ -'9:' \t CERl1FICA lE FOR APPROVAl. BY 1HE Pl.ANNlNO COlIIIISSlCN :: = =~:,on ~ T:;: of 'ra:: ;:-ado ..... h~ls:.'lhorlz. Cl1Umon CERl1FICAlE FOR APPROVAL BY 1HE Tll'llN BOARD ~~.::: ~~~~:....~=:_ "Ol~ eny_~ fOr the ......_ .. _01 of em, Tn~ __ en Ihlt plat ..... OIly __I or Tnformotlon pr_te<t to the Town of F_ _ _cod the Town to She tills certIflcate. Mal"". Town of ...- herebJ jofta In 1111. flrtal plot. LEIN HOlDER'S CERnFICA lE GO . 11,,"-- of lhe ... proporty. Aulllorlzod Sl;naturo COIIPUANCE Sf" TEMENT PouI A. ./ones IIIld Mary C. Jon.. h_J ....,. cmnpIImlce _ the -... standoRt. IIIld oil other ,,-_III of the Town of F....... SUIlcIM8fon Reg1datlona. llEAS. a:~1. L D .~42' PLAT R-~ ~ = !kv PCIUlA.~ Mary C. Jon.. LAND SIJRYEYDR'S CER11F1CA lE L TlmotIIJ R. Sh<nIc. . duly ....Isterecl IGlld SIIMljlOr In lIle Stoto of COlorado. do herebr. G<<lIfy Ihot Ihla Plat of SId IlrGklr ~ H"'~" Tract Q, R-.IldhIloIon of _ C. Foral IIIl1dooio 501.. . lruIJ ..... oorrootI;, ~ the roouIlII of . _ made by. !!!!I. or mJ dYeotlon, oneI thcit ~ flIOt.mmpIloo with the __III Of lltIe . 51. ~::ou:~ ~ m&ytlllU~~~.,=..b~!:::'':::e Dated tItIo _ doy. of 1999 lTrnothy R. Sh.... PoLS.' 31842 +3.+2' TIM SHENK LAND SURVEYING P.O. BOX 604 FRASER, COLORADO 80442 (970) 726-2031 "'. PROJECT SITE FINAL PLAT SKI BROKER EMPLOYEE HOUSING APARTMENTS TRACT C RESUBDIVlSION OF PARCEL C FOREST MEADOWS SOLAR COMMUNITY TOWN OF FRASER GRAND COUNTY. COLORADO SEC. 20. T1S, R75W. 6th PM SCALE: ,. - !IO' JOB: SId _or EHA DRAWN BY: D.a. VICINITY MAP DAlE: JuI, 28. 1999 REVISED: . . . , ... ... LEASE AGREEMENT This agreement is made and entered into this _ day of , 1999 by and between the Town of Fraser, Colorado, a municipal corporation ("Fraser") and Greg Blair and Tina Blair, jointly and severally, ("Blairs") WHEREAS, Fraser is the owner of the property described as follows: All that portion of the Southeast one-quarter Northeast one-quarter of Section 19, Township I South, Range 75 West of the 6th P.M., including portions of Lots 1 to 4, Trout Lake Mining and Health Resort Cpompany's lake Site, described as foolows: Beginning at a point whence the Southeast comer of Block 5, Town of Fraser a/kIa Town of Fraser bears South 89 32'00" West, 30.00 feet; thence North 0035'00" West 18.70 feet; thence North 05 35'00' East, 89.50 feet; thence North 0035'00" West 27.50 feet; thence North 89 32'00" East 25.00 feet to the Westerly right-of-way line of U.S. Highway 40; thence Southeasterly, along said right-of-way line, 168.00 feet, to a point which bears North 89 32'00" East, from the Point of Beginning; thence South 8932'00" West, 135.00 feet to the Point of Beginning. WHEREAS, the Blairs operate the business known as Sharky's Eatery, located at 221 Doc Susie Avenue, Fraser, Colorado; and WHEREAS, when Sharky's Eatery was granted Town of Fraser Business Development Permit #29 on October 25, 1996, the permit included the applicant's use of six (6) parking spaces on a parcel ofland owned by the Town, said use to be valid as long as approved by the Fraser Town Board; and WHEREAS, the Fraser Town Board has determined that it is in the Town's best interest to enter into an official lease with the Blairs regarding the use of these six parking spaces; NOW THEREFORE, BE IT AGREED BETWEEN THE TOWN OF FRASER, COLORADO AND GREG BLAIR AND TINA BLAIR: 1. The Blairs, d.b.a. Sharky's Eatery, shall be allowed to use sufficient space to park six (6) cars on the property described above. The Blairs shall be responsible to delineate the six spaces and shall be responsible for all maintenance required for the six spaces. 2. The Blairsshall provide insurance that indemnifies the Town, its operators and agents against any liability arising from the Blairs use of said property. 3. The Blairs shall pay a monthly lease fee of $20 for use of the parking area. . . . , "- .. 4. When the Town makes improvements to the Byers Avenue/U.S. 40 intersection, consideration will be given to sell and/or lease the Blairs the land required for six (or more) permanent parking spaces. This lease shall be valid until May 31, 2000, and may be extended on a monthly basis or another timeframe as proposed by the Town contingent on the street improvement project referenced above. IN WITNESS WHEREOF, the parties have executed this Lease Agreement the day and year first above written. TOWN OF FRASER, a municipal corporation Greg Blair By: Tina Blair ýÿ . . . memorandum of understanding Town of Fraser and the Wmter Park/Fraser Valley Chamber ofCotnmerce The Town shall support the Chamber financially through the following sources: the "vendors fee" (3.3% of total sales tax collected) monetary support for various special events sponsored by the Chamber It is the wish of the Fraser Town Board that these funds be used for the following purposes: vendors fee funds shall be used to assist with the Chamber's ''unrestricted'' funds vendors fee funds shall also be used to create a statistical database that can be used by businesses who are looking to expand or relocate to the Fraser Valley monetary support for specific projects shall be used for that specific project BAKER, CAZIER AND McGOWAN . O/t~fZIU~~ . . OF PROFESSIONAL CORPORATIONS 62495 U.S. HIGHWAY 40 EAST BOX 500 GRANBY.COLORAD080~6 TELEPHONE (970) 887.3376 FAX (970) 887.9430 JOHN L BAKER, P.c. STANLEY W. CAZIER, P.C. RODNEY R, McGOWAN. P.C. Rod McGowan rod@mcgowan-pc.eom July 27, 1999 Board of Trustees Town of Fraser P.O. Box 120 Fraser, CO 8044Z Re: Traffic Signals and Governmental Immunity Dear Board Members: Chuck Reid advised that the Board had requested a legal opinion from us concerning the Town's potential liability for the manner of operation of the new stop light at the intersection of County Road 804 and the entrance to the Safeway store. I understand that the concern relates to possible accident claims if the Town adopts a policy of operating stop light in the normal mode during certain hoW'S, and using it only as a flashing caution signal during other hours. In its present form, the Colorado Governmental Immunity Act grants the Town and other municipalities immunity from liability for claims relating to traffic signs, signals, or marking or the lack thereof. C.R.S. 24-10-106(1)( d). Although the Act waives governmental immunity with respect to dangerous conditions that interfere with traffic on public streets, there is a specific exemption for conditions relating to traffic signals. Accordingly, although there is always the possibility of a claim being made, the court would likely dismiss any such claim relating to the manner of the Town's operation of the Safeway traffic light if such a claim were presented. I also continned with the Town's insurer, CIRSA, that their general liability insurance coverage would apply to the defense of any such claim. I hope that the foregoing adequately responds the Board's concerns. If you have further questions in this regard, please let us know. RodneyR. McGowan, P.C. RRM:sw C:\ilP\LIl'rl'BRS\Town of Fraser, . fl2.ilFD ýÿ . . . '" ....11. BUCHER, WilliS & RATLIFF ........ CORPORA TIO N ENGINEERS. PLANNERS. ARCHITECTS July 20, 1999 Mr. Chuck Reid Town Manager Town of Fraser Box 120 Fraser, CO 80442 RE: CR 804 and Safeway Access Traffic Signal Dear Chuck: Following our telephone conversation last week, we have reviewed the original construction drawings and signal operational sequence for the subject traffic signal. We summarized the following: The signal has vehicle detectors on the Safeway access and South Wapiti Drive approaches. These detectors notify the signal controller when vehicles are present. Vehicle detectors are not located on CR 804. Currently the signal is set to provide continuous green on CR 804 unless a vehicle arrives on one of th~ ~ detectors, either at the Safeway access or South Wapiti Drive. If the vehicle is in the throughlleft turn lane, the vehicle presence on the detector will immediately signal the controller. After approximately thirty seconds, the CR 804 signal will turn to yellow, then red. The Safeway signal will remain green for ten to twenty-five seconds depending on the number of vehicles leaving. The Safeway signal will then turn to yellow, then red. The CR 804 signal will remain green until the controller is called again by the presence of a vehicle on the detector. In the event additional vehicles are trying to exit Safeway or South Wapiti Drive the minimum green cycle on CR 804 is timed at thirty-five seconds. If no additional vehicles are trying to exit, the green signal will continue on CR 804 until called again. The vehicle detectors on the right turn only lanes of the Safeway access and South Wapiti Drive approach are programmed with signal delay features that allow the vehicle to sit on the detector for a slightly longer time without activating the signal. This allows time to clear CR 804 and complete the right turn movement without activating a change in the signal. We understand that questions have been asked about allowing the signal to flash yellow on CR 804 and red on the Safeway access and South Wapiti Drive during the hours Safeway is closed and other low traffic hours. In response to these questions, the signal was originally designed to provide continuous green on CR 804 unless called by a vehicle on the detectors. This technology is replacing the technology of setting signals to flash during low traffic hours. During full signal operation a late night vehicle would require a signal change to leave the Safeway access or South Wapiti Drive. If the signal were set to flash between I I p.m. and 6 a.m. (Safeway closed) the vehicles accessing CR 804 would treat the intersection as a stop movement. Either scenario can be acceptable. We understand the Hwy 40/CR 804 signal operates under the night flash mode. It may be practical to operate both signals the same (Le.: set the CR 804/Safewayaccess-South Wapiti Drive signal to flash between 11 p.m. and 6 a.m.) At a point when traffic volumes warrant a change in signal operation, both signals can be updated simultaneously. 1743 WAZEE STREET, SUITE 200 I DENVER, COLORADO 80202-1280 I 303/292-5056 I FAX: 303/292-5668 . . . ..., Page Two Mr. Chuck Reid July 20, 1999 Responding to the second question regarding application of the flash technology to other "low traffic" hours, it is a more difficult challenge. Traffic patterns in the Fraser Valley vary seasonally as well as weekly and daily. We understand weekends have increased traffic volume over weekdays and obviously seasonal changes are significant. It will be very difficult to time the signal for low traffic hour flash and meet the continuously changing demands of local conditions. In fact activated signals, signals with vehicle detectors are designed to accommodate fluctuations in traffic. Based on the foregoing, we would take no objection with setting the signal to flash mode (yellow on CR 804; red on the Safeway access and South Wapiti Drive) between the hours of 11 p.m. and 6 a.m. The continuous green on CR 804 unless called by the vehicle detectors is your best mode for the remaining hours and changing demands. After the signal has operated in this mode for a period of time, if it still does not meet your needs, we are always happy to assist in reevaluating it for possible further adjustments. If you have any questions please call. Sincerely, B~ Ratliff COIporation ~R~anson P.E. Principal JSlsv ýÿ '. \ . lS-3-7.V. {\tAt. \~ 1j. IJ'?, . 1. All erosion control features shall be consistent with the drainage standards set . forth in Section 1S-3-7.K. ' 2. Erosion control features such as berms and ditches shall be implemented prior to initiatitlg construction activities for the subdivision, and dust suppression' techniques shall be implemented during construction. 3. Cut and fill shall be kept to a minimum. 4. Graded or filled slopes shall be kept to a 3:1 slope or less and all slopes in excess of thirty (30) percent shall be left undisturbed. Slope stabilization ~ shall be impleIDented where soil conditions warrant and approved by the Town's engineer. ' s. Berms and ditches shall be constructed around graded areas to QnJ1tAin sediment - ~n~~.. . . 6. Grac:Ung and earth moving activ.ities shall be carried out in 1uly or late fall to avoid run-off J'Criods, and the rainy season when large amounts of ..dmeut could be transported off the site by the runoff.,' ' . 1. All natural vegetation shrubbery in excess of two feet in diameter and all trees with a trunk diameter of six (6) inches or more measured four and one-half (4 1/2) feet above the groun~ shall be. preserved unless the Town aJlows individual plants to be removed. . 8. Impervious surfaces shall be as small as possible and run-off for impervious smfaces shall be collected in ditches or trenches in conformance with the drainage plan. ',,: 9. Run-off velocity shall not exceed pre-subdivision levels. 10. Degradation of water quality by the subdivision in wa~ays, waterbodies and wetlands shall not occur. Affordable HoosiDg 1. Legislative Intent. . - . It is the ~ of thi$ section'to promote owner occupied and rental unit, deed restricted,baffeRfaWe housing in major subdivisions which will serve many "gments f e conuniunity that need affordable housing. 1he target groups for this housing . people who desire, but cannot afford to'~ tracts or units for long term.llousing ~ C1'eSted Butte and who qualify lor affcmlab1e housing in major subdi, . ODS as 4escribed in this section and in Part IV of the -rown of Crested B Affordable Housing Quidelines," hereafter refen:ed to as "Guidelines,' as amended at the time of-Pinal Plat approval. (tw.2/2/98) 2. AffOrdable H . g Requirement. a. .M-l f\ \ V'>O \l WI Any develo nt of property that includes - f . four (4) resi~rial units shall: I ' . a. reserve least twenty-five (25) percent of the total number of UDits in the - cleve! t as aff~rdable housing. Such units shall be subject to the i Crested Butte Land Use Pebnwy 2nd, .1998 Subdivision 83 Scetion 15-3-7.\ ýÿ " I I ~~~~~oo~~G~~.~~u Final Plat approval; or .' " .' b. housinas ~ al~tsv..ft~ ~ satisfyinbdi.' . : g the ~ 1'e9byc~:n affordable - I ~ um a su VISIon. as, p.rov1 '. on, a subdiVIder may offer. to the Town, a substitute percentage of affordable , housing units to be built by~vic1e. r ~vided, however, that ~ I herein shall obligate the .Town accept such amount of substitute built affordable housing units; Town shall not accept any substitute affordable housing that, to solve the entire affmdable ~ I. .=:l :..~ f UDiIs In ao1y ClII8 geographic ana of a 3. Location of Affordable Housing . I a. All affordable housing units required within a subdivision' sball be located within ~. cfisPersCd throughout the boun~ries of the subdivision unless - - e~.l1l1if.gllM deed testrlcted to affordable housing as described in Section I . ~~ .IS-3-7. V.,7. If the Town Council finds that unusual circnm.cQ1;Ic- leSUIting \ ,VJ"J\ \' from. zoning and sutidivision requirements or the location or size of the 'I ,,'\'ti ~ v \~, silbdivision make it, unfeastDle to reserve for use all or any portion ~ the \ ';A'v' \-\'4i '.I' required affordable housing units within ~ boqndA';es of the sUbdivision. the I. ~\ ",'bJ 06>' \.~ Town Council may, at its dlscreti0t4 authorize the owner or subdivider to i \(~' ~'\ ~~a construct ~ reserve affordable housing units outside of the subdivision's '\ If' t 1J (}I ~ 'J...J~ '&,~-.- 1.:1 bo~c1Aw;es to m~t..the affordable hOusing ~ for the subdivision. f I ,^,w. ~ x:.. i~ .~ At least fifteen percent (15%> of each housmg type {singJe ramtly, multi.. ~. (' family} dupkm, aq~ mobile home) in a subdivision sball be reserved for ~ affordable housing except as provided in S~ IS-3-7. V. 7. I a\\~,~~u.*~\ \,' c. The' Final Plat shall identify each tract wmch'sha11 have affmdable housing ~ ~ units and it shall identify: ' ' 1. the number of affordable housing units on each affordable housing tract, ~..t\ \~ ii. the number of affordable housing units in each Category on the affOl'dable I \ "\' \W, ' ,housing tmct,,(thc ~guriQi am ~ 1b tho OuideliBes). and 'f' tit the number of unrestricted units that may be built qn the. affordable housing tract, excluding accessory dwellinn. . . I . . p- ded equa:D.y Fens die feur C..tll\g01ies., " e. l11e mim1lftml Biz" and I..il.in IUDl numJ.- efbedNrams iB each Categery are I .tr1 .~~.~ tAe..(Jui~c;s, ~ ~<f~ at ~ ';~e of,t:;"'_"~ ~ A.Wwvai. -~ -~, To t1)~lilbun eompatibility WIth existing ratios of-'OWDer' OCci:ijieCJ and rental units in Crested Butte, at least 40% of the affordable housing Sba11 be owner I occupied units and at l~ 40% shaU. be ~ntal nni~ ~. 2AJ98} aCCe'7?hj ~nll't"~ '1W bt. a,/lOIN~ ~ ~ UVlj~ 4. Qualifying Affordable Housing Units. '. Affordable housing units intended for sale or rental use shall comply with I paragraph a. below and shall also comply with paragraph b., c., or d. . a. The subdivider shall record with the Clerk arid Recorder of the GultDiseI1 Co\Ulty, either a deed or an irrevocable covenant running with the property I that funits the use of the affordable housing units and the appropriate portion of the ttacts to affordable housing. Such deed or covenant shall be in perpetuity and shall be approved by the Town Attorney' prior to recordation I and shall provide that the Town of C~M Bmte may enforce the use 'restriction contained in the covenant. Examples of the deed restriction are . located in~e Guidellne!lZ. -1 . lb. The subdivider may convey all affordable housing units or tracts to the Town or a housing authority approved by the Town Council, at the Town's I Cmsted Butte Land Use February 2nd, 1998. . I '. Subdivision 84 Secdon15-3-7.V. . 't \ .. Jrl.~'\, b. . O:ested. Butte LaDd Use Februuy 2nd, 1998 s1ibdiVisicm 84 ~ 1S-3-7.V I I. I I I I I I I I J I I I I I I I I Crested Butte Land Use . Februuy 2nd, 1998. ' ", . ~~ ~\\~ 1. ~ ~. ~~ ~. 2S~~.b~~~. ~y. bemet~deed d.. ~ ctfuge . k.~ be~' ~~as~~"~"a \ . a " (mr. 8} ~.I:'.L~ -. ~.au ~ 8. Sal~ of Affordable Housing Tracts . . " ' Affordable housing tracts (restricted housing tracts) sbaIl be sold with umestricted tracts or conveyed to the Town or a hous.ing authotity appmved by the Town. All tracts must be developed so they are ready for conveyance and cotDttuction, Le. improved tracts with water. sewer. telephone. electricity. gas. cable and streets in &::. to the property line. A soils ~ pmpated by a cpJAlified e1\p.~ and upon test holes within the building envelope of each tract. stipulatinP. that the tract is suitable for construction of the intended dwelling type Without requiring unusual ~xcavati~ foundation work. or ~odati.on of Other unUsual conditiQ!lL ~ accompany the conveyance ~ ~ednee~\SI8tY by the 1l:diD1' omCiatJ wl1en conveying affordable housing tracts to the Town, or its pee. conveyance shall be concurrent with preJ1m;nA"Y 8cceptance by the Town of the subdivision improvementS. (rev.2/2I98} , . . Unless the tracts ate conveyed to the Town. or its designee, subdividem shall comply with the follo~ rate of sales for each phase of a subdivision ta ensure a reasonable number of restricted market tracts are sold prior to unrestricted ttacts. {rev.2/2/98J . . , . a. No more than 25% of the' Unrestricted market tracts in each phase of a subdivision shall be sold until'2S% of the restricted housing tracts are sold. b; No more than S~% of the unrestdcted marlcet tracts in each phase of a subdivision shall be sold until SO% of the restricted housing tracts are sold. c. No more than 7S% of the unrestricted market tracts in ea.ch phase of a subdivision shall be sold until 100% of the l'eStlicted housing tracts are sold {iev.2/2/98} In the event the subdivider builds affordable housing, t1ie. Town Council shall reasonably decide how many unrestricted market tracts may be sold prior ::' the sale or rental of the affordable housing units to be built by the subdivider. {rev. 2/2I9B} 9. Administration of Section . - - -~.- -~ r_e-- The Town Manager, 'or his I her designee, shall admitdster this section and, subject to prior a~vaI by the Town ColDlcil, may promulgate and enforce rules and regulations to unpJement its provisions. {rev. 2/2(981 . Subdivision 84c Section lS.3.7.V. . ORDINANCE NO. 33 SERIES 1995 AN ORDINANCE AMENDING THE 1987 CRESTED BUTTE MUNICIPAL CODE BY REPEAUNG AND REENACTING THE MINOR AND MAJOR SUBDIVISION REGULATIONS CURRENTLY SET FORTH IN ARTICLE 15-2. . WHEREAS, the Town of Crested Butte, Colorado is a home rule municipality duly and regularly organized and. now validly existing as a body. ~cro orate and politic under and by virtue of the Constitution and laws of the State of l,,~ot do;, and ' WHEREAS~the Town of Crested Butte, by virtue, Qf~' om~ Rule status. may adopt such ordin ces relative to local and municipal i m. . are necessary to effectuate the pu oses and intent of power granted to",. u I~ anTes, and such other matters as can be elegated to municipalities by the Stat~ of G I Irrdo; and WHEREAS,lsection 14-2 of the Home Rule Charte~ for \ corif~rs all home rule powers to the !Town; and ; \ \ \ WHEREAS, Ordinance No. 12, Series 1993 identHled' nstituted the Town Council of the To as the Municipal Planning Commission; ~ I WHEREAS, olorado Revised Statutes, section 31-23-2 4 1 . ~uthorizes the Town, through its Plannin~fmmiSSion, to adopt regulations gOV,em n ;'. t. ~ subdMsion of iand within Its !Urisdictli; d : I WHEREAS, 11 e Town Council has held numerous A b q meetin~s on the Subdivision RegUlations proposed for adoption by this ordi a , \ and held a public hearing on the proposed regulations at the regular Town co.un 'f. eting on S ptember 5, 1995, which pubDc hearing has been variously continu8d n ri115, 19 ; and i WHEF\EAS, the Town Council hereby finds thatthe ~ set forth in Section 15-2-15.2. and 15-2-15.3. of the Zoning , not adequately address the impacts created by the subdNl i 111 Town, the appropriate and necessary public dedications req~ ~ ' of new subdivisions, or the design and improvement stand~ ! streets and utilities which are required as a part of larger s~ . WHEREAS, the Town Council hereby finds that th~ proposed subdMsion regulations concerning the dedication order to assure that new subdivisions within the Town pro .': . 1 \ ýÿ . . '. their anticipated residents, and to assure that the existing Town residents are not required to pay for the needs and impacts occasioned by the creation of new subdMsions within the Town; and WHEREAS, the Town Council hereby finds that the administrative provisions, and design and improvement standards set forth in the proposed regulations are reasonable and necessary, and consistent with the development of quality subd~sions and subdivision infrastructure; and . WHEREAS, the Town Council hereby finds that it is necessary to amend the provisions of Section 15-2-15.1. of the Zoning and Land Use Ordinance, Planned Unit Developments, because larger P.U.D.s create slgnificant'impacts and require the construction of substantial infrastructure, thereby making it necessary that such P.U.D.s are reviewed- under the-proposed subdivision regulations in order to assure that such impacts and infrastructures are adequately addressed and constructed, and that existing residents are not required to pay for the impacts and costs thereof; and WHEREAS, the Town Council finds that it is in the best interests of the Town and its' residents to establish and adopt the proposed subdivision regulations; and WHEREAS, the Town Council finds that the provisions of the proposed subdMsion regulations are necessary to protect the health, safety and welfare of the Town's residents. NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE .TOWN OF CRESTED BUTTE, COLORADO, THAT, Section 1. Repeal of Existing Subdivision Regulations. The entirety of Sections 15-2-15.2. and 15-2-15.3. of the Zoning and Land Use Ordinance are hereby repealed in their entirety. Section 2. "Enactrn\!ht of ArtiCle 15-3. Subdivision Regufations: The'.f981' Town 0- of Crested Butte Municipal Code is hereby amended by this enactment, and the addition of Article 15-3, Subdivision Regulations, thereto. The entire text of said Article 15-3, inCluding the forms constituting a part of said Article, shall be as set forth in the Subdivision Regulations attached hereto and incorporated herein by this reference. Section 3. Amendment to Planned Unit Development Procedures. Subsection 15-2-15.1.E. of the Zoning and Land Use Ordinance is hereby amended by renumbering subsections 1, 2 and 3 thereof to 2, 3 and 4 respectively, and adding the following: 2 . . "1. Compliance with SubcflVision Regulations. Any application for a P.U.D. which contains more than 25,000 squai. ' feet of land shall also be accompanied with a subcflVision Final Plat which shall L e subject to the requirements set forth in the Town's Subdivision Regulations, and reviewed for approval as a subdivision under said regulations. The submission of multiple P.U.D. applications to circumvent this requirement is prohibited. When there are conflicts between the procedures or requirements of this Section, 15-2-15.1 and the Subdivision Regulations, the Subdivision Regulations shall prevail." Section 4. Amendment to Zoning Amendment Procedures. Subsection 15-2- 27.C. of the Zoning and Land Use Ordinance is hereby amended by addition of the following paragraph after subparagraph 5.: "Any application to create' or amend the zoning 'of a parcel of iand co~ning more than SO,OOO square feet of land, shall be subject to Vie requirements set forth In the Town's Subdivision Regulations, and reviewed f~r approval as a subdivision under said regulations." ~ . Section 5. Certification to Gunnison County Clerk .nd Recorder. Within fifteen days after the effective date of this Ordinance, the Towri Council, as the Municipal Planning Commission, shall cause the Subdivision Regulations to be certified to the Gunnison County Clerk and Recorder. I Section 6. Severability. If any section, sentence, cI~use, phrase, word or other provision of this ordinance is for any reason held to be unconstitutional or otherwise invalid, such holding shall not affect the validity of the rem~ning sections, sentences, clauses, phrases, words or other provisions of this ordinance, or the validity of this ordinance as an entirety, it being the legislative intent ~hat this ordinance shall stand notwithstanding the invalidity of any section, sentenoe, clause, phrase, word or other provision. Section 7. Savings Clause. Except as hereby amen' ed, the 1987 Crested Butte Municipal Code shall remain valid, and in full force and e act. APiy provision of any ordinance previously adopted by the Town of Crested Butte which is in co' ict with this ordinance is hereby repeal8f1 as f the enforcement dale h real. \ I . ' I \ I 3 I i \ , i t. .' ". . . " "lo.. INTRODUCED, READ AND SET FOR PUBUC HEARING THIS lWENTY-FlRST DAY OF AUGUST, 1995. ADOPTED BY TijE TOWN COU HEARING THIS J 5"ttt.... DAY OF TOWN OF CRESlCD BUTTE, COLORADO By: ~~7- .___-- Scott A. Truex, Mayor- (SEAL) 4 ýÿ