HomeMy Public PortalAboutResolution 1983-10-01 Amending the Boundary of Special Improvement District No. 1982-1RESOLUTION No. 1983-
AMENDING THE BOUNDARY OF SPECIAL IMPROVEMENT
DISTRICT NO. 1982-1 WITHIN THE TOWN OF FRASER;
PROVIDING FOR CHANGES IN THE PROPOSED IMPROVE-
MENTS TO BE CONSTRUCTED AND INSTALLED, AND
ASSESSMENT OF COSTS TO BE ASSESSED AGAINST THE
REAL PROPERTY INCLUDED WITHIN THE DISTRICT, AND
FOR A HEARING ON THE PROPOSED CHANGES.
WHEREAS, by Resolution No. 1982-6-1, passedand adopted
on June 4, 1982, the Board of Trustees of the Town of Fraser
declared its intention to create a special improvement district,
adopted details and specifications relating to the proposed
improvements and ordered a hearing on the creation of the district
and the improvements to be constructed and installed; and
WHEREAS, the Board heard and considered all protests and
objections at the public hearing, and, by Ordinance No. 111,
passed and adopted on July 7, 1982, created Special Improvement
District No. 1982-1 for the purpose of constructing and installing
certain street improvements, drainage improvements, water lines
and sewer lines, together with necessary incidentals; and
WHEREAS, the Board has now determined that certain
street, drainage, water and sewer improvements should not be
constructed as part of the District, and that certain real proper-
ty should be excluded from the District; and
WHEREAS, the Board has further determined that the
improvements should also include a new street or road, from CR 72
to the southwest corner of Tract C, and that the cost of such
construction and installation should be assessed against the real
property in Parcel C, Tracts A, B, C and D; and
WHEREAS, the Board anticipates that the assessment of
costs as a result of the change in boundary description and the
proposed improvements will not result in an increase in the unit
costs proposed to be assessed, as set forth in Resolution No.
1982-6-1 or Ordinance No. 111 (except with respect to the new road
to be constructed and installated, referred to above); and
- 1 -
WHEREAS, the Board has further determined that it is
necessary to amend Ordinance No. 111 with respect to the boundary
of the District and to change and clarify the proposed improve-
ments, the cost estimates and the assessment of costs; and
WHEREAS, a hearing on the proposed changes in Special
Improvement District No. 1982-1 will be held prior to the con-
sideration of an amendment to Ordinance No. 111;
BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF
FRASER, COLORADO:
Section 1. That subject to any protests or objections
at the hearing provided for in Section 5 hereof, the Board has
determined that the boundary of the District as described in
Section 3 of Ordinance No. 111 should be amended by deleting
Parcel A, Block 1, Forest Meadows Solar Community and certain
other real property described in Section 3 of Ordinance No. 111
which has been acquired as right-of-way or which will become the
right-of-way for the proposed street improvements. It is proposed
that the boundary of the District, as amended, will include the
following real property:
- 2 -
LEGAL DESCRIPTION OF A PARCEL OF LAND TO BE KNOWN AS BLOCK "3", PARCEL "A", FOREST
MEADOWS SOLAR COMMUNITY, LYING WITHIN SECTION 19, TOWNSHIP 1 SOUTH, RANGE 75 WEST
OF THE 6TH P.M., ALL IN GRAND COUNTY, COLORADO; AND MORE PARTICULARLY DESCRIBED
AS FOLLOWS:
1) BEGINNING AT A POINT LYING ON THE EASTERLY BOUNDARY OF DOC SUSIE AVENUE RIGHT-
OF-WAY, FROM WHENCE THE EAST 1/4 CORNER OF SAID SECTION 19 BEARS, N42026'20"E,
1150.23 FEET; -
2) THENCE ALONG THE EASTERLY BOUNDARY OF SAID DOC SUSIE AVENUE RIGHT-OF-WAY,
ALONG A CURVE TO THE RIGHT, HAVING A CENTRAL ANGLE OF 37-56-28", RADIUS OF
130.00 FEET, AND AN ARC LENGTH OF 86.09 FEET, THE CHORD OF SAID CURVE BEARING
N04°26'06"E, 84.52 FEET;
3) THENCE CONTINUING ALONG THE EASTERLY BOUNDARY OF SAID DOC SUSIE.AVENUE,
N23°24'20"E, 21.99 FEET, TO A POINT OF CURVE TO THE LEFT, HAVING A CENTRAL
ANGLE OF 16031'48", RADIUS OF 237.90 FEET, AND AN ARC LENGTH OF 68.64 FEET,
THE CHORD OF SAID CURVE BEARING N15008'52"E, 68.40. FEET, TO A POINT LYING ON
THE INTERSECTION OF SAID DOC SUSIE AVENUE AND ELK CREEK DRIVE;
4) THENCE ALONG THE SOUTHERLY BOUNDARY OF SAID ELK CREEK DRIVE RIGHT-OF-WAY, ALONG
A CURVE OT THE.LEFT, HAVING A CENTRAL ANGLE OF 04°07'50", RADIUS OF 493.39
FEET, AND AN ARC LENGTH OF 35.57 FEET, THE CHORD OF SAID CURVE BEARING
N84029'04"E, 35.56 FEET;
5) THENCE N82025'09"E, 419.91 FEET;
6) THENCE S00006'18"E, 394.45 FEET;
7) THENCE S89°53'42"W, 175.00 FEET;
8) THENCE S48009'03"14, 184.21 FEET, TO A POINT LYING ON THE NORTHERLY BOUNDARY
OF SAID DOC SUSIE AVENUE RIGHT-OF-WAY;
3 -
9) THENCE ALONG SAID NORTHERLY BOUNDARY OF SAID DOC SUSIE AVENUE, RIGHT-OF-WAY,
ALONG A CURVE TO THE RIGHT, HAVING; A CENTRAL ANGLE OF 03-05-46", RADIUS OF
78.34 FEET, AND AN ARC LENGTH OF. 4.23 FEET, THE CHORD OF SAID CURVE BEARING
N45°23'26"14, 4.23 FEET, TO A POINT OF CONCURRECT CURVE;
10) THENCE ALONG THE EASTERLY BOUNDARY OF SAID DOC SUSIE AVENUE, -ALSO BEING
A CURVE TO THE RIGHT,.HAVING A CENTRAL ANGLE OF 31-16-46", RADIUS OF 613.56
FEET, AND AN ARC LENGTH OF.334.96 FEET, THE CHORD OF SAID CURVE BEARING
N30°10'49"W, 330.82 FEET, TO THE POINT OF BEGINNING;
11) SAID BLOCK "3", CONSISTS OF 4.20 ACRES, MORE OR LESS.
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LEGAL DESCRIPTION OF A PARCEL OF LAND TO BE KNOWN AS BLOCK "2", PARCEL "A",
FOREST MEADOWS SOLAR COMMUNITY, AND LYING WITHIN SECTION 19, TOWNSHIP 1 SOUTH,
RANGE 75 WEST OF THE 6TH P.M., ALL IN GRAND COUNTY, COLORADO; AND MORE PARTIC-
ULARLY DESCRIBED AS FOLLOWS:
1) BEGINNING AT A POINT, LYING ON THE EASTERLY BOUNDARY OF DOC SUSIE AVENUE
RIGHT-OF-WAY, FROM WHENCE THE EAST 1/4 CORNER OF SAID SECTION 19 BEARS
N84°50'52"E, 746.11 FEET;
2) THENCE CONTINUING ALONG THE EASTERLY BOUNDARY OF SAID DOC SUSIE AVENUE,
S00°10'21:E, 551.16 FEET, TO A POINT BEING THE INTERSECTION OF SAID DOC
SUSIE AVENUE, AND ELK CREEK DRIVE;
3) THENCE CONTINUING ALONG THE NORTHERLY BOUNDARY OF SAID ELK CREEK DRIVE,
ALONG A CURVE TO THE LEFT HAVING A CENTRAL ANGLE OF-03°26'20", RADIUS OF
433.39 FEET, AND AN ARC LENGTH OF 26.01 FEET, THE CHORD OF SAID CURVE
BEARING N84008'19"E, 26.01 FEET;
4) THENCE CONTINUING ALONG THE NORTHERLY BOUNDARY OF SAID ELK CREEK DRIVE,
N82025'09"E, 423.79 FEET;
5) THENCE CONTINUING ALONG THE NORTHERLY BOUNDARY OF SAID ELK CREEP, DRIVE,
N82°25'09"E, 10.00 FEET;
6) THENCE N190.20'55"W, 521.58 FEET;
7) THENCE S89049'39"1J, 284.72 FEET, TO THE POINT OF BEGINNING;
8) SAID BLOCK "2", CONSISTS OF 4.50 ACRES, MORE OR LESS.
�lw
LEGAL DESCRIPTION OF A PARCEL OF LAND TO BE.KNOWN AS BLOCK "l", PARCEL "B",
FOREST MEAD014S SOLAR COMMUNITY, LYING WITHIN SECTION 19, TOWNSHIP 1 SOUTH,
RANGE 75 WEST OF THE 6TH P.M., ALL IN GRAND COUNTY, COLORADO; AND MORE PAR-
TICULARLY DESCRIBED AS FOLLOWS:
1) BEGINNING AT A POINT, LYING ON THE SOUTHERLY BOUNDARY OF ELK, CREEK DRIVE,
FROM WHENCE THE EAST 1/4 CORNER OF SAID SECTION 19 BEARS N25028'05"E,
686.88 FEET;
2) THENCE S00006'18"E, 394.45 FEET;
3) THENCE S89053'42"W, 175.00 FEET;
4) THENCE S48°09'03"W, 184.21 FEET, TO A POINT LYING ON THE NORTHERLY BOUNDARY
OF DOC SUSIE AVENUE RIGHT-OF-WAY;
5) THENCE CONTINUING ALONG THE NORTHERLY BOUNDARY OF SAID DOC SUSIE AVENUE,
ALONG A CURVE TO THE LEFT, HAVING A CENTRAL ANGLE OF 41°16'08", RADIUS OF
78.34 FEET, AND AN ARC LENGTH OF 56.43 FEET, THE CHORD OF SAID CURVE BEARING
S69033'20"E, 55.22 FEET;
6) THENCE CONTINUING ALONG THE NORTHERLY BOUNDARY OF SAID DOC SUSIE AVENUE,
N89°53'42"E, 517.21 FEET, TO THE INTERSECTION OF SAID DOC SUSIE AVENUE AND
THE WESTERLY BOUNDARY OF COUNTY ROAD 72 RIGHT -OF -!-JAY;
7) THENCE CONTINUING ALONG THE WESTERLY BOUNDARY OF SAID COUNTY ROAD 72,
N00°06'18"W, 570.14 FEET, TO A POINT BEING THE INTERSECTION OF SAID COUNTY
ROAD 72 AND SAID ELK.CREEK DRIVE;
8) THENCE CONTINUING ALONG THE SOUTHERLY BOUNDARY OF SAID ELK, CREEK DRIVE,
S82°25'09"W, 258.67 FEET, TO THE POINT OF BEGINNING;
9) SAID BLOCK, "1", CONSISTS OF 4.08 ACRES, MORE OR LESS.
LEGAL DESCRIPTION OF A PARCEL OF LAND KNOWN AS BLOCK "2", PARCEL "B", FOREST
MEADOWS SOLAR COMMUNITY, AND LYING WITHIN SECTION 19, TOWNSHIP 1 SOUTH, RANGE 75
WEST OF THE 6TH P.M., ALL IN GRAND COUNTY, COLORADO; AND MORE PARTICULARLY
DESCRIBED AS FOLLOWS:
1) BEGINNING AT A POINT, LYING ON THE EASTERLY BOUNDARY OF THE DENVER AND RIO
GRANDE WESTERN RAILROAD RIGHT-OF-WAY, AND ALSO LYING ON THE SOUTHERLY
BOUNDARY OF DOC SUSIE AVENUE RIGHT-OF-WAY, FROM WHENCE THE EAST 1/4.CORNER
OF SAID SECTION 19 BEARS N28°57'11"E, 1346.21 FEET;
2) THENCE CONTINUING ALONG THE SOUTHERLY BOUNDARY OF SAID DOC SUSIE AVENUE
RIGHT-OF-WAY, ALONG A CURVE TO THE LEFT, HAVING A CENTRAL ANGLE OF 44-17-32",
A RADIUS OF 138.34 FEET, AND AN ARC LENGTH OF 106.94 FEET, THE CHORD OF SAID
CURVE BEARING S67057'27"E, 104.30 FEET;
3) THENCE.CONTINUING ALONG THE SOUTHERLY BOUNDARY OF SAID DOC SUSIE AVENUE,
N89°53'42"E, 517.21 FEET, TO A POINT LYING AT THE INTERSECTION .OF SAID DOC
SUSIE AVENUE AND COUNTY ROAD 72:
4) THENCE ALONG THE WESTERLY BOUNDARY OF SAID COUNTY ROAD 72 RI.GHT-OF-WAY,
S00°06'18"W, 109.99 FEET;
5) THENCE CONTINUING ALONG THE WESTERLY BOUNDARY OF SAID COUNTY ROAD 72 RIGHT-
OF-WAY, S14°47'58"W, 120.80 FEET, TO A POINT LYING ON SAID EASTERLY BOUNDARY
OF THE DENVER AND RIO GRANDE WESTERN RAILROAD;
6) THENCE CONTINUING ALONG SAID EASTERLY RAILROAD RIGHT-OF-WAY, N71°33'12"W,
344.64 FEET, TO A POINT OF CURVE TO THE RIGHT, HAVING A CENTRAL ANGLE OF
25-44-09", RADIUS OF 673.54 FEET, AND AN ARC LENGTH OF 302.54 FEET, THE CHORD
OF SAID CURVE, BEARING N58°41'07"14, 300.00 FEET, TO THE POINT OF BEGINNING;
7) SAID BLOCK "2" CONSISTS OF 1.74 ACRES, MORE OR LESS.
ors
LEGAL DESCRIPTION OF A PARCEL KNOWN AS PARCEL "C" FOREST MEADOWS SOLAR
COMMUNITY, AND LYING WITHIN SECTION 20, TOWNSHIP 1 SOUTH, RANGE 75 WEST
OF THE 6TH P.M., ALL IN GRAND.000NTY, COLORADO; AND MORE PARTICULARLY
DESCRIBED AS"FOLLOWS:
Tract A:
Commencing at the West 1/4'corncr of Section 20, thence along the
West line of said SW 1/4 of Section 20 S.00°06'18"E., 328.95 feet,
thence N.40°41'52"E., 61.22 feet to the true point of beginning,
thence N.40°41'52"E., 2.0.45 feet to the Southerly right-of-way line
of U.S. Route 40, thence along said right -of: -way line
S.49018108"E., 509.20 feet to a point of curvature, thence
S.44053'42"lq., 237.22 feet, thence S.89°53'42"W.,. 231.07 feet to a
point on the Easterly right-of-way line of County Road No. 72,
thence along said right-of-way line N.00°06'18"ta., 48.5.00 feet, to
the true point of beginning, containing 2.705 acres, more or less. LE
Tract B:
Commencing at the -West 1/4 corner of said Section 20, thence along
the West line of said,.SW 1/4,of- Section 20., S.00°06'18"E., 978.95
feet, thence N.89°53'42"E., 40.00 feet to the Easterly right-of-way
line of County Road No. 72, being the true point of beginning, `
thence along the said right-of-way line N.00°06'18"W., 211.33 feet,
thence N.89°5.3'42"E., 231.07 feet, thencc'N.44053'4V'E., 237.22
feet to the Southerly right-of-way line of U.S. Route 40, also
being the point of curvature, thence_ Easterly along said .�
right-of-way line on.a curve to the left having an arch length of
142.13 feet, a radius of 2083.70 feet-, whose chord bears
S.48022102"E., 142.10 feet, thence S.32°53'42"W., 32.76 feet,
thence S.00006'18"E., 252.00 feet to a point of curvature, thence
along a curve to the right, staving an arch length of 62.-83 feet, a
radius of 40.00 feet whose chord bears"S.44053'42"I4., 56.57 feet to
the' point of tangency, thence S.89°53'42"5l., 157.50 feet to a point
of curvature, thence along a curve to the right having an arch
length of 46.93 feet, a radius of 59.75 feet, whose chord bears
N.67036'18"W., 45.73 feet to a point of reverse curve, thence along
a curve to the left, having an arch length of 46.93 feet", a radius
of 59.75 feet, whose chord beans N.67°36'18"W., 45.73 feet to the
point of tangency, thence S.89053'42"w., 205.00 feet to the true
point of beginning, containing 3.137 acres, more or less.
Tract C:
Beginning at the Southwest corner of Parcel C whence the West 1/4
corner of said Section 20 Dears N.29124'34"W.,.1076.73 feet, thence
N.00006'18"W., 217.00 feet thence N.32053'42"E., 32.76 feet to the
said Southerly right-of-way line of U.S. Route 40, thence along
said right-of-way line on a curve to the left having an arch length
of 366.99 feet, a radius of 2083.70 feet, whose chord bears.
S.55°21'54"E., 366.51 feet, thence S.33°53'42"W., 42.96 feet,
thence S.89°53'42"W., 295.00 feet to the true point of beginning,
containing 1.008 acres, more or les7,.
- 7a -
TRACT D
Commencing at the West 1/4 corner of said Section 20, thence
along the West line of the said SW 1/A of Section 20, S
00 06'18" E, 978.95 Feet, thence N 89053'.42" E, 40.00
Feet to the Easterly right-of-way line of County Road Numbe6
72, also being- the true point of beginning, thence N 89
53'42" E, 205.00 Feet to a point of curvature, thence along
a curve to the right, having an arch length._ of 46.093 feet, a.
ve
radius of 59.75 feet, whose chord_ bears S" 67 36'18" E,
45.73 feet to a point of reverse cur, thence along a curve
to the left having arch length of 46.93 feet, a radius of
59.75 feet, whose chord bears S f7°36'18" E, 45.73 feet to
a point of tangency, thence N 89 53'42" EE, 157.50 feet to.
a point of curvature, thence along a curve to the left
having an arch length oS 62.83 feet, a radius of 40.00 feet,
whose chord bears N 44 ;3'42" E, 56.57 feet to a point of
tangency, thence N �00 06'18" W, 35.00 feet, thence N
89 53'42" E, 295.00 feet, thence N 33°53'42" E, 42.96
feet to the said Southerly right-of-way line of U.S. Route i
40, thence on a curve to the left .having an. arch length of
31�.15 feet, a radius of 2083.70 feet, -whose chord bears S
64 44'34" E, 314.85 feet to a point of tangency, thence
continuing along the said. right-of-way line S 66 41-08-1 `E,
715.70 feet, thence S 89047'25" W, 470.56 feet to the SE
corner, NW1/4, SW 1/4, said Section 20, thence along the
South line of the said NW 1/4, SW 1/4, Section 20, S
89 47'26" W, 1,276.72 feet to the said Easterly
right-of-way line o of County Road 72, thence along. said
right-of-way N 00 06'18" W, 346.91 feet to the true point
of beginning, containing 10.936 acres, more or less.
- 7b -
Section 2. The proposed improvements to be constructed
and installed within the District, as a result of the changes in
the boundary description and the construction of a new road,
shall be as follows, subject to the amendment of Ordinance No.
111 - to be considered at a later date:
PROJECT DESCRIPTIONS
A-1 Roads - County Road 72
Construct CR 72 from Hwy 40 south to D & RGW Railroad
underpass. Work includes excavation, embankment, grading,
culverts, gravel surfacing, and necessary incidentals.
A-2 Roads - No Name Road
Construct No Name Road through Parcel 'C' from CR 72-to
southwest corner of Tract 'C'. Work includes excavation,
embankment, grading, gravel surfacing, and necessary inci-
dentals.
B-1 Sewers - Basic System
Construct sewer main extension from existing manhole 0-18,
under U.S. Highway 40, along Elk Creek to MH 0-24:and thence
along Elk Creek Drive to MH 0"24-1 at CR 72. Work includes
installation of sewer line and manholes, connection to
existing manhole, crossing of U.S. Hwy 40, crossings of Elk
Creek and -necessary incidentals.
B-2 Sewers - Southern Extension
Construct sewer main from MH 0-24, generally along Elk Creek
and Doc Suzie Avenue, to MH 0-28 at CR 72. Work includes
installation of sewer line and manholes and necessary inci-
dentals.
C Water System
Construct water mains from existing main north of U.S. Hwy 40,
crossing under Highway 40, generally along Elk Creek to Elk
Creek Drive, thence along Elk Creek Drive and County Road 72
to iptersection with Doc Suzie Avenue and thence westerly for
270L along Doc Suzie Avenue. Work includes installation of
water mains and appurtenances, crossing of U.S. Hwy 40, cross-
ings of Elk Creek, fire hydrants, and necessary incidentals.
D. Underdrain System
Construct underdrain sysstem from outlet along Elk Creek
southerly along Elk Creek to Doc Suzie Avenue. Work includes
installation of drain line, manholes, outlet box, and necessary
incidentals.
- 9 -
Section 3. Based on the proposed change in boundary
description and in the improvements to be constructed and in-
stalled, the estimate of cost of the project is as follows:
=110M
BOND ISSUE COST -ESTIMATE
Project
A-1 Roads - CR 72
A-2 Roads - No Name
B-1 Sewer - to CR 72
Constr.
Subtotal
General
Total
Cost
Constr.
Special
Costs
Cost
Contingency ROW
Proj Costs
71,939
10,080 -----
82,019
45,136
127,155
(24.93%)
14,280
2,140 -----
16,420
9,035
25,455
75,250 3,750
B-2.Sewer - to MH 0-26 17,980 2,700
C Water System 82,984 .6,650
D Underdrain System 31,475 4,720
TOTALS
$293,908 $30,040
( 4.99%)
3,000 82,000 45,136 127,136
(24.93%)
----- 20,680 11,388 32,068
( 6.29%)
2,000 91,634 50,441 142,075
(27.86%)
---- 36,195 19,916 56,111
(11.00%)
$ 51000 $328,948 $181,052 $510,000
(100.00%)
Section 4. All real property to be assessed for the
cost of the street, drainage, water and sewer improvements shall
be assessed on a per acre basis. Based on the change in the
proposed improvements described in Section 3 above, the allocation
of cost for each Block or Parcel, together with the estimated unit
cost, is set forth below. All cost estimates exclude six per cent
(6%) for inspection, collection, incidentals and interest as
provided by law.
Except for the construction and installation of the new
road, it is anticipated that the amount to be assessed will
not result in an assessment against any specific lot or tract
greater than that which would have been assessed according to the
method and estimated unit cost described in Section 4 of Ordinance
No. 111.
The following summary of assessments and the proposed
improvements are described in more detail in the engineering plans
and specifications on file in the office of the Town Clerk:
- 12 -
ASSESSMENT BASIS
Project A-1 - CR 72
Parcel A, Block 2
3
Parcel B, Block 1
2
Parcel C, Tract A
B
C
D
Project A-2 - No Name Road
Parcel C, Tract A
B
C
D
Project B-1 - Main Sewer System
Parcel A, Block 2
3
Parcel B, Block 1
2
Parcel C, Tract A
B
C
D
Project B-2 - South Extension
Parcel A, Block 3
Parcel B, Block 1
2
- 13 -
4.499a
13.88%
4.198a
12.96
4.076a
12.58
1.743a
5.38
2.785a
8.60
3.137a
9.68
1.008a
3.11
10.956a
33.81
32.402a
100.00%
2.785a
15.57%
3.137a
17.54
1.008a
5.64
10.956a
61.25
17•.886° 100.00%
4.499a
13.88%
4.198a
12.96
4.076a
12.58
1.743a
5.38
2.785a
8.60
3.137a
9.68
1.00Ba
3.11
10.956a
33.81
32.402a
100.00%
4.198a
41.91%
4.076a
40.69
1.743a
17.40
10.017a
100.00%
Project C — Water System
Parcel A,
Block 2
4.499a
13.88%
3
4.198a
12.96
Parcel B,
Block 1
4.076a
12.58
2
1.743a
5.38
Parcel C,
Tract A
2.785a
8.60
B
3.137a
9.68
C
1.008a
3.11
D
10.956a
33.81
32.402a
100.00%
Project D — Underdrain System
Parcel A, Block 2
4.499a
30.99%
3
4.190
28.92
Parcel 8, Block 1
4.076a
28.08
2
1.743a
12.01
14.516a
100.00%
— 14 —
'roject Description
A-1 Roads - CR 72
A-2 Roads - No Name
8=1 Sewer - Main Ext
B-2 Sewer - South Ext
C Water System
D Underdrain System
TOTALS
ASSESSMENT SCHEDULE
PARCEL 'A' PARCEL 'B'
Blk 2 Blk 3 Blk 1 Blk 2
$ 17,649 $ 16,479 $ 15,996 $ 6,841
(13.88%) (12.96%) (12.58%) ( 5.38%)
------ ------ ------ ------
$ 17,646 $ 16,477
(13.88%) (12.96%)
----- $ 13,440
----- (41.91%)
$ 19,720 $ 18,413
(13.88%) (12.96%)
$ 17,389 $ 16,227
(30.99%) (28.92%)
$ 72,404 $ 81,036
$ 15,994 $ 6,840
(12.58%) ( 5.38%)
$ 13,048 $ 5,580 .
(40.69%) (17.40%)
$ 17,873 $ 7,644
(12.58%) ( 5.38%)
$ 15,756 $ 6,739
(28.08%) (12.01%)
$ 78,667 $ 33,644
PARCEL
'C'
Tract A.
Tract B
Tract C
Tract D
TOTAL
$ 10,935 .
$. 12,309
$
3,955
. $, 42,991
:..$127,155
( 8.60%)
l 9.68%)
(
3.11%)
(33.81%)
$ 3,963
$ 4,465
$
1,436
$ 15,591
$ 25;455
(15.57%)
(17.54%)
(
5.64%)
$61.25%)
$ 10,934
$ 12,307
$
3,954
$ 42,984
$127,136
( 8.60%)
( 9.68%)
(
3.11%)
(33.81%)
-----
-----
-----
$ 32,068
Ln
$ 12,218
$ 13,753
$
4,418
$ 48,036
$142,075
( 8.60%)
( 9.68%)
(
3.11%)
(33.81%)
$ 56,111
$ 38,050 $ 42,834 $ 13,763 $149,602 $510,000
Section 5. Prior to the consideration of an ordinance
amending Ordinance No. 111, notice of the change in boundary, the
list of improvements, and the change in proposed assessments,
shall be given by publication in one issue of the Granby Sky Hi
News, at least 20 days prior to the hearing date, and a copy
mailed to each property owner included in the District. This
Resolution shall constitute the notice of hearing. The hearing on
the changes set forth herein shall be at the regular meeting of
the Board on Wednesday, November 2, 1983. It is anticipated that
the Board will further consider an ordinance amending Ordinance
No. 111 creating the District at the same meeting.
Section 6. Should any one or more sections or provi-
sions of this Resolution be judicially determined invalid or
unenforceable, such determination shall not affect, impair or
invalidate the remaining provisions hereof, the intention being
that the various provisions hereof are severable.
ADOPTED AND APPROVED This 5th day of October, 1983.
( S E A L )
ATTESTED:
Town Clerk
- 16 -
August 11, 1983
The Title & Abstract Company
P. 0. Box 415
Winter Park, Colorado 80482
Re: Tracts A, B and C, A MINOR, RESUBDIVIS30N OF PARCEL C
OF FOREST MEADOWS SOLAR COMMUNITY, Grand County,
Colorado;
Your Order No. 1063-C.
Gentlemen:
The Town of Fraser, Colorado, hereby deposits with you the following
documents:
(1) Note made payable to the Board of Trustees of the Town of
Fraser, Colorado, in the amount of $320,959.00, and executed
by James H. Gibson and Donald N. Drake on October 6, 1982.
(2) Deed of Trust from James H. Gibson and Donald N. Drake to
the Public Trustee of Grand County for the use of the Board
of Trustess of the Town of Fraser, Colorado, securing the
Note identified above, dated October 6, 1983, and recorded
December 1, 1982, in Book 319 at Page 611.
(3) Request for pa-p-a l Release of tp
abwve r the Deed of Trust identified in Item
No. 2 above, and executed by Richard A. Leonard, Mayor for
the Town of Fraser, Colorado.
(4 ) Certified copy of Resolution No . / 983-'*>-z , Series of
1983, and adopted by the Board of Trustees of the Town of
Fraser, Colorado, on Tu/V. /g 1983.
At such time as you have received the sum of $248,625.43 and an irrevoc-
able Letter of Credit in favor of the Town of Fraser, Colorado, in the amount
of $40,000.00, and you are forwarding the same to said Town, you are authorized
and instructed to record Item No. 4 above in the office of the Clerk and
Recorder for Grand County, Colorado, and to process Items No. 1, 2 and 3 above
with the Public Trustee of Grand County in order to effect a release of +4+e
r--e�pe-�e.�ert �rEed-�l�o p f rn h�� ; ,T the Deed of Trust identified
above. All documents are to be returned to the undersigned after such
recording and processing.
If, however, you have not received the sum of $248,625.43 and an irrevoc-
able Letter of Credit as contemplated above, on or before August 19, 1983, you
are authorized and instructed to return Items No. 1, 2, 3 and 4 above to the
undersigned, all without recordation in the office of the Clerk and Recorder
and without processing with the Public Trustee.
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'joust i1, 1983
aae Two
The Letter of Credit identified above shall be issued by the Bank of
Winter Park, and shall conform to the form of the Letter of Credit attached
hereto as Exhibit "A".
THE BOARD OF TRUSTEES
OF THE TOWN OF FRASER, COLORADO
BY l ,e., a
Richard A. Leonard, Mayor
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bank of
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July 22, 1983
Town of Fraser
Fraser, Colorado 80442
EXHIBIT "A" TO LETTER FROM THE BOARD
OF TRU_ cS OF THE TOWN OF FRASER,
COLORADO, TO THE TITLE & ABSTRACT
COMPANY, AND DATED AUGUST 11, 1983
p.o. box 123 • winter park, Colorado 80482 • (303) 726-5531
RE: Letter of Credit #15/83 - Forest Meadows Joint Venture
Gentlemen:
We hereby establish an irrevocable and unconditional Letter of Credit in
your favor for the account of Forest Meadows Joint Venture (Donald N.
Drake and James H. Gibson), for a sum or sums not exceeding $40,000.00
available to you by your draft on us at sight.
The amount of the draft is due for the public improvements in relation
to the Subdivision Improvement Agreement between Donald N. Drake and
James H. Gibson, as owners and the Town of Fraser by its Board of
Directors, relating to a minor subdivision of Parcel C of Forest
Meadows Solar Community dated October 6, 1982, recorded July 13, 1983 in
Book 332 at Page 7, under the terms of the Letter of Credit executed by
the Bank of Winter Park to you on the 22nd day of July, 1983.
Partial drawings are permitted, but the combined draws by you cannot
exceed the amount of the Letter of Credit. This Letter of Credit cannot
be drawn before January 15,.1984 and shall terminate upon the 15th day
of August, 1984.
All drafts drawn hereunder must be marked "Drawn under the Bank of Winter
Park, IRREVOCABLE LETTER #15/83, dated July 22, 1983".
We hereby agree with the drawers, endorsers, and bona fide holders of drafts
drawn under and in compliance with the terms of the Letter of Credit that
the same shall be duly honored if presented to us before the termination
hereof as above provided.
The amount of each such draw shall be inscribed on the back hereof, and this
Letter of Credit must itself be attached to any draft which exhausts the
full amount of the credit set forth in the first paragraph above.
Very truly yours,
Larry S. Chance
Executive Vice President
Chief Executive Officer
LSC/mc