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HomeMy Public PortalAbout5a TOF W WW Service Agreement 2017-05-11 MARKUP2014-02-25 TOWN OF FRASER WATER & WASTEWATER SERVICE AGREEMENT BYERS PEAK PROPERTIES, LLC; BYERS PEAK DOWNHILL PROPERTIES, LLC; C. CLARK LIPSCOMB and MEREDITH C. LIPSCOMB The parties to this Water and Wastewater Service Agreement (this “Agreement”) are the TOWN OF FRASER, COLORADO, a municipal corporation of the State of Colorado (“Fraser” or “Town”), and BYERS PEAK PROPERTIES, LLC, a Colorado limited liability company, BYERS PEAK DOWNHILL PROPERTIES, LLC, a Colorado limited liability company, and C. CLARK LIPSCOMB and MEREDITH C. LIPSCOMB (collectively “Developer”). RECITALS A. Fraser is a municipal corporation existing under the laws of the State of Colorado. Developer is comprised of two limited liability companies organized and existing under the laws of the State of Colorado and two individuals; B. Developer owns property it intends to develop, referred generally as Byers Peak Ranch and the Lipscomb property, more specifically described in Exhibit A (referred to herein as “the Property”). Developer intends to develop 1,233 Single Family Equivalent units (“SFE”) for the Property, which is located outside the Town’s current boundaries; and C. The Town is authorized to provide water and wastewater service outside the Town’s corporate boundaries pursuant to Colorado law, C.R.S.§ 31-35-402 (2013), C.R.S. § 31- 35-512 (2013), and the Town currently provides out-of-town water and wastewater service; and D. The Fraser Board of Trustees has had the opportunity to review with Town Staff and legal counsel the proposed extension of water and wastewater services to the Property, and the Board finds that this Agreement with Developer for out-of-town water and wastewater service is in the best interest of the Town; and E. Developer plans to develop the Property in several phases, by recording of successive final plats, and this Agreement will apply to the extension of all water and wastewater service to such approved plats; and F. The water and wastewater service for the Property will require the design, planning, permitting, construction, and installation of water and wastewater lines to be built at Developer’s cost to connect the Property to Fraser’s water and wastewater infrastructure; and G. The Town agrees to provide Developer water and wastewater utility service pursuant to the terms of the Fraser Municipal Code (“Code”) and pursuant to the terms and conditions specifically outlined in this agreement; and Out-of-Town Water Service Agreement Town of Fraser and Byers Peak Properties, LLC; Byers Peak Downhill Adventures, LLCet al. Page 2 of 14 H. This Agreement shall become effective upon adoption of a Resolution by the Fraser Board of Trustees approving its execution and upon execution hereof by the appropriate Fraser official and by authorized agents of the Developer. The date of the latest of such conditions to occur is referred to as the "Effective Date". NOW THEREFORE, for and in consideration of the premises, mutual promises and covenants herein contained, and for the other consideration offered and accepted, the receipt and adequacy of which is hereby acknowledged, the Town and Developer agree as follows: POTABLE WATER SERVICE 1. Water Service. Upon approval of this Agreement, the Town agrees to provide treated municipal water service to Developer for its approved final plat developments on the Property subject to the conditions set forth in this Agreement, the Code, and all other applicable laws, rules and regulations under local, state and federal law. While the Developer anticipates planning multiple phases, in total the final development will not exceed 1,233 SFE. Unless otherwise approved by Fraser in writing, and under cost recovery provisions noted below, such water service shall be limited to use by Developer on the Property. a. Demand Limit and Town Capacity. The Town agrees to provide Developer sufficient water per SFE, to meet Developer’s water demands for up to 1,233 SFEs, as such supply is described by the Code. Fraser’s Water Rights are reasonably adequate to support the potable municipal water service for existing town users, future development and the SFEs on the Property, subject to terms and conditions set forth herein. Except as otherwise provided herein, Fraser shall be responsible for all applicable implementation, operation and accounting requirements necessary to serve the Property with sufficient water as provided by the Code. To the extent that Fraser requests that the water facilities to serve the Property be constructed with excess capacity, and Fraser, in its discretion, desires to have such excess capacity created, Fraser agrees it will pay the costs of the same at the time such costs are incurred. To the extent that another property owner requests that Developer’s water facilities be constructed with excess capacity to serve such other property, such other property owner shall pay the costs of the same at the time that such costs are incurred. To the extent that properties outside of the P roperty utilize any water facilities constructed by Developer after such facilities are constructed, the users thereof shall reimburse Developer for the costs of such water facilities in proportion to the uses by properties outside the Property and those within. a. 2. Water Plant Investment Fees. Developer and other future owners of the Property shall pay Fraser’s water plant investment fees at a rate equal to the in-town water plant investment fee rate charged by Fraser for in-town property owners and governed by the Code at the time of connection. Except as provided in Section 16 with respect to prepaid fees, the The water plant Out-of-Town Water Service Agreement Town of Fraser and Byers Peak Properties, LLC; Byers Peak Downhill Adventures, LLCet al. Page 3 of 14 investment fee shall be paid in full per SFE prior to the issuance of a building permit by the County. Each water plant investment fee must be paid in full prior to Fraser delivering water to the SFE at issue. The Developer agrees that its County approvals shall include a requirement that a landowner demonstrate a paid Plant Investment Fee in Fraser or an alternative water source prior to the County accepting a landowner’s plan setbuilding permit application for County review. unless the landowner has an alternative means of providing water service for the building permit in question in accordance with Section 9 hereof. 3. Water Service Fees. Developer and other future owners of the Property shall pay Fraser’s water service fees at a rate equal to 1.1 times the in-town water service fee rate charged generally by Fraser on a quarterly or other periodic basis and governed by the Code. If water service fees are not timely paid, Developer agrees that Fraser may use any means under its Code or other state or local law, including discontinuing service to the individual connection, to enforce timely payments. Without limiting the generality of the foregoing, Fraser shall have the right to certify delinquent service fees and related charges to the County Treasurer for collection in the same manner as taxes, pursuant to C.R.S. 31-20-105. Developer agrees to include such details in any property owner association covenants. 4. Raw Water Irrigation. Developer may install, at Developer’s sole cost and expense, a non-potable irrigation system to irrigate all areas on the Property. No Fraser water or water connections shall be used for such raw water irrigation. However, water supply for fire hydrants and public drinking fountains may be made in compliance with the Code. Irrigation with Fraser’s potable water shall be limited as required under the Code, and this restriction shall be noted by Developer in any property owner association covenants. 5. Future Water Right Cases. The Developer agrees not to oppose any water rights application filed by Fraser for the purpose of findings of reasonable diligence, making absolute Fraser’s conditional water rights inventory. In addition, Fraser agrees that it will not file opposition to future diligence cases or cases to make conditional water rights absolute for conditional water rights owned by Developer. In addition, Fraser shall withdraw its statement of opposition in Case Nos. 14CW3097 and 14CW3098 related to the water rights that serve the Property; provided that Developer shall withdraw all claims for water rights for municipal/domestic service to development on the Property. . The parties agree to discuss whether it is appropriate to file joint applications for diligence and for making the conditional Dedicated Water Rights absolute in the event they both have interests in the same water rights. 5. Domestic Water Supplies. Developer shall have the election of developing any final plat using the Fraser’s potable water system or Developer’s own water supply sources. WASTEWATER SERVICE 6. Wastewater Service. Upon approval of this Agreement, Fraser will provide municipal wastewater/sanitary sewer service to the Property to serve final plats adopted by Grand County, up to a maximum of 1,233 SFE, subject to the terms and conditions Out-of-Town Water Service Agreement Town of Fraser and Byers Peak Properties, LLC; Byers Peak Downhill Adventures, LLCet al. Page 4 of 14 set forth herein and the applicable provisions of the Code. To the extent that Fraser requests that the sewer facilities to be constructed to serve the Property be constructed with excess capacity and Fraser, in its discretion, desires to have such excess capacity created, Fraser agrees it will pay the costs of the same at the time such costs are incurred. To the extent that another property owner requests that Developer’s sewer facilities be constructed with excess capacity to serve such other property, such other property owner shall pay the costs of the same at the time that such costs are incurred. To the extent that properties outside of the Property utilize any sewer facilities constructed by Developer, the users thereof shall reimburse Developer for the costs of such sewer facilities in proportion to the uses by properties outside the Property and those within. 7. Wastewater Plant Investment Fees. Developer and other future owners of the Property shall pay Fraser’s sanitary sewer plant investment fees (also referred to as wastewater plant investment fees) at a rate equal to the in-town sanitary sewer plant investment fee rate charged generally by Fraser and governed by the Code for in-town waste water users at the time of connection. The wastewater plant investment fee shall be paid in full per SFE prior to the issuance of a building permit by the County, and the specified multiple of the in-town fee per SFE in effect at the time of building permit issuance shall be charged. Each wastewater plant investment fee must be paid in full prior to Fraser connecting its sewer service to the SFE at issue. The Developer agrees that its County approvals shall include a requirement that a landowner demonstrate a paid Plant Investment Fee in Fraser prior to the County accepting a landowner’s building permit application for County review unless the landowner has an alternative means of providing sewer service for the building permit in question in accordance with Section 9 hereof. 8. Wastewater Service Fees. Developer and other future owners of the Property shall pay Fraser’s sanitary sewer service fees (also referred to as wastewater service fees) at a rate equal to 1.1 times the in-town sanitary sewer service fee rate charged by Fraser on a quarterly or other periodic basis and governed by the Code. If wastewater service fees are not timely paid, Developer agrees that Fraser may use any means under its Code or other state or local law, including discontinuing service to the individual connection, to enforce timely payments. Without limiting the generality of the foregoing, Fraser shall have the right to certify delinquent service fees and related charges to the County Treasurer for collection in the same manner as taxes, pursuant to C.R.S. 31-20-105. Developer agrees to include such details in any property owner association covenants. TERMS APPLICABLE TO BOTH WATER AND WASTEWATER SERVICE 9. Alternative Water and Sewer Service. Developer agrees that the Fraser water and wastewater services to be provided under the terms of this Agreement will be utilized for all or substantially all of the future development on the Property, provided that Developer may elect to have certain large-lot development served by individual wells and septic systems, in accordance with Grand County requirements, where it would be unfeasible or uneconomical to use Fraser’s Out-of-Town Water Service Agreement Town of Fraser and Byers Peak Properties, LLC; Byers Peak Downhill Adventures, LLCet al. Page 5 of 14 central water and wastewater services. If any such large-lot development is proposed, Fraser will be provided the proposed preliminary and final plats, including any plans for individual wells and septic systems, and Fraser may consult with the Developer and Grand County regarding such plans, but Fraser’s approval of such plans shall not be unreasonably withheld. It is further agreed that nothing contained herein shall require Developer to discontinue use of any alternative water and/or sewer facilities serving any part of the Property as of the effective date of this Agreement. 10. Mill Levy Equivalent Surcharge. As provided in the Code, if Fraser subsequently imposes a property tax mill levy for water and/or sewer improvements or operations, a surcharge shall be added to the water and/or wastewater service fees payable pursuant to this Agreement to account for such mill levy. The surcharge will be in an amount determined by the Fraser Board of Trustees, and certified and communicated in writing to the Property Owners not less than 90 days prior to enacting such surcharge. Fraser agrees that such surcharge shall not exceed the same or approximately the same amounts as a Fraser resident would pay if the Property was subject to such mill levy and shall only apply to property being served by Fraser. 11. Fraser Plant Investment and Service Fee Allocations. Notwithstanding the foregoing, Fraser may adjust the total combined water and sewer plant investment fee and/or service fees to disproportionately allocate more of the fee to its water fund or sewer fund so long as the aggregate fee of the combined water and sewer fees does not exceed the rates set forth above. 12. Review of Plans. Developer agrees that all subdivision plats and plans submitted to the County for the Property shall also be submitted to Fraser for review and comment, as to water and wastewater connections to the municipal systems. Developer agrees to reimburse Fraser for all costs, including consultant fees, incurred for review of the design plans for water and wastewater facilities submitted pursuant to Section 2113 hereof, and for inspections of facilities constructed pursuant to such plans and designs. Payment of such reimbursement shall be due within thirty (30) days after billing by Fraser. 13. Connection to Fraser’s Water and Wastewater Facilities. a. Design for Connection. Developer shall provide design and engineering information for the water main line connections and/or wastewater main line connections and all related facilities and easements to Fraser not less than 60 days prior to construction for Fraser’s approval by not later than the 60 day period, which shall not be unreasonably withheld. Such designs and plans shall be in compliance with the Grand County development approvals. The parties agree that all design and construction shall also be in compliance with Town water and sanitary sewer standards and sizes and installation requirements, as governed by the Code and Town regulations. Developer shall be required to execute an improvement agreement in the form customarily used by Fraser for subdivision development, with security as provided by the Code for the water and sanitary sewer improvements on or before the final plat recording for any final plat. Developer may commence construction of water lines and wastewater lines upon approval of the construction plans by Fraser’s engineer. There shall be no connection made to Fraser’s Out-of-Town Water Service Agreement Town of Fraser and Byers Peak Properties, LLC; Byers Peak Downhill Adventures, LLCet al. Page 6 of 14 then existing system until the required easements for such lines are secured and demonstrated to Fraser (and compliance with other terms of this Agreement and requirements of the Code). b. Connection Costs. Developer shall be solely responsible for all costs, materials, labor and fees required to construct water main lines on the Property and connections to Fraser’s water main lines, and for constructing wastewater main lines on the Property and connections to Fraser’s wastewater main lines, including Town inspection charges. Developer shall also be responsible for the costs of any extensions or upgrades of off-site water distribution mains and wastewater collection mains and related facilities that are necessary to serve the Property. The Plant Investment Fees, referenced above, constitute Fraser’s revenue source for all other off-site water and wastewater infrastructure that may be needed to provide water and wastewater service to the Property, including but not limited to, additional capacity, regional facilities, wells, water treatment plants, water storage, and water tanks. c. On-Site Improvements; Inspections and Fees. Developer shall install all water and wastewater main lines, service lines and stub-outs, meters and necessary improvements and facilities upon the Property at its sole cost and expense, including provision of all insurance, without any reimbursement from the Town. Such water and wastewater service lines and connections, including water metering, shall be subject to all requirements of the Code and other regulations generally applicable in Fraser, including but not limited to required inspections and requirements for installation and testing of backflow prevention devices. d. Easements. All required easements for water and wastewater lines, both on-site and off- site of the Property required to serve the Property shall be obtained by Developer, and proof of such easements shall be provided to Fraser prior to connecting such lines to Fraser’s then existing system. Such easement agreements shall be in the customary and usual form required by Fraser for water and wastewater service lines and infrastructure, and shall be obtained and finalized at Developer’s sole cost. e. Ownership. The requirements of the Code for preliminary acceptance by Fraser of any water main lines, wastewater main lines, or other required improvements shall be met prior to Fraser providing service to any of the lines or required improvements. Developer shall convey all water and wastewater main lines, related infrastructure and easements as required by the Code, upon approved preliminary acceptance of such lines. i. Outside Connections. Developer agrees that it will not allow any water or wastewater users, other than landowners within the approved County final plats for the Property, to access any water or wastewater main lines, any water or wastewater improvements, or service without written consent from the Town. If users that are outside of the Property seek to connect to the lines, they will either be required to enter an out of town service agreement with Fraser, or annex to the Town, with such option at Fraser’s sole election. To the extent the Town determines that other users may Out-of-Town Water Service Agreement Town of Fraser and Byers Peak Properties, LLC; Byers Peak Downhill Adventures, LLCet al. Page 7 of 14 connect to the Developer’s water service or wastewater service lines, Developer is not obligated to provide the necessaryany additional easements and shall be entitled to cost recovery based upon pro rata usage or some other equitable formula as agreed to by the parties, in accordance with the provisions of Section 15 hereof. 14. Infrastructure Construction, Conveyance and Warranty. Developer agrees to conform to the development standards in the applicable provisions of the Code with regard to infrastructure construction and acceptance related to water and wastewater service. For a period of one year after dedication and acceptance of all of the required improvements to the Town, which approval shall not be unreasonably withheld, Developer shall warrant the construction, installation and survivability of the required improvements to the standards required by the Code. At Developer’s sole cost and expense, Developer agrees to make all needed and necessary repairs and replacements required for Code compliance, including but not limited to, defective materials, design or workmanship, breach of contract, failure to abide by approved plans or standards, but not associated with ordinary and normal wear and tear. Developer agrees that notice of completion, all inspections and warranty notice timing shall be as dictated by the Code and Fraser’s regulations. 15. Developer is only responsible for costs associated with on-site water and wastewater main lines that are reasonably required to service the Property. If Fraser requests that the water or wastewater main lines be constructed by Developer with extensions or excess capacity to serve property not within the Property, Fraser shall notify the Developer in writing. The parties shall enter into a supplemental written agreement to confirm the details and the additional costs of the proposed extension or excess capacity and arrangements for reimbursement of the additional costs to Developer by Fraser or the other property to be served. Fraser agrees it shall not extend lines paid for by Developer to another property without such supplemental written agreement in place. Developer shall be entitled to reimbursement for on-site water and wastewater infrastructure and easements pursuant to such a supplemental agreement. 16. Term. This agreement shall be deemed perpetual in nature. 16. Annexation, Termination. In the event all or any portion of the Property is subsequently annexed to the Town, this Agreement shall be deemed terminated as to any annexed property and such property shall thereafter be subject to the provisions of the Code with respect to the provision of municipal water and sewer service, including the rates payable for such service. 17. No Guarantee of Quality, Quantity or Pressure. The Town's agreement to provide water and wastewater service pursuant to this Agreement does not constitute a guarantee that such service will be of a certain quality or that it will not be subject to periodic interruption due to natural or other causes beyond Fraser's control. Fraser shall not be liable for any such conditions affecting the water or wastewater service hereunder, except as provided by and to the extent allowed under the Colorado Governmental Immunity Act, C.R.S. 24-10-101 et seq. or any successor statute. Out-of-Town Water Service Agreement Town of Fraser and Byers Peak Properties, LLC; Byers Peak Downhill Adventures, LLCet al. Page 8 of 14 18. Enforcement and Application of Town Code. Time is of the essence hereof. The parties recognize and agree that the Town has the right to enforce its rules, policies, regulations, Code provisions for the extension and use of Fraser’s potable water and Fraser wastewater collection and treatment for any units served by Fraser’s potable water and Fraser’s wastewater system. Without limiting the foregoing, Developer agrees that the Town may also enforce any violation of the Town’s rules, policies, regulations, ordinances, or Code provisions relating to the water and wastewater service and the terms of this Agreement by mandatory or prohibitory injunction or specific performance as allowed by Colorado law. The Town agrees that Developer may similarly enforce the terms of this Agreement as allowed by Colorado law. The parties agree that no term hereof shall be materially amended, changed or frustrated by any subsequent change in the Town Code. 19. Public Utility Status. The parties agree that for purposes of this out-of-town service, the Town is not a public utility for water and wastewater service compelled to serve other properties, or subject to review by Colorado’s Public Utility Commission. To the extent allowed by law, Developer agrees that neither it, nor its successors in interest or assigns shall at any time petition the Colorado courts, the Board of County Commissioners of Grand County, the Town, or the Public Utilities Commission or any other governmental entities to require service to any property or to acquire jurisdiction over the water treatment and distribution systems or wastewater collection and treatment systems of the Town. 20. No Waiver. Failure of a party hereto to exercise any right hereunder shall not be deemed a waiver of any such right and shall not affect the right of such party to exercise at some future time said right or any other right it may have hereunder. 21. Notices. All notices required to be given shall be deemed given upon deposit in the United States mail, first class postage prepaid, properly addressed to the person or entity to whom directed at the address shown herein, or at such other address as shall be given by notice pursuant to this paragraph: Town of Fraser: Fraser Town Manager P.O. Box 370 153 Fraser Avenue Fraser, CO 80442 With copy to: Rodney R. McGowan, Esq. Cazier, McGowan & Walker P.O. Box 500 Granby, CO 80446 rmcgowan@qwestoffice.net Developer: Byers Peak Properties, LLC Byers Peak Downhill Properties, LLC C. Clark Lipscomb & Meredith C. Lipscomb P.O. Box 30 Winter Park, CO 80482 Attn: Clark Lipscomb clark@cstoneholdings.com With copy to: Kevin L. Patrick, Esq. Patrick|Miller| Noto P.C. 229 Midland Avenue Basalt, CO 81621 patrick@waterlaw.com Out-of-Town Water Service Agreement Town of Fraser and Byers Peak Properties, LLC; Byers Peak Downhill Adventures, LLCet al. Page 9 of 14 22. Force Majeure. No party shall be held liable for a failure to perform hereunder due to wars, strikes, acts of God, natural disasters, floods, drought or other similar occurrences outside of the control of that party. 23. Severability. If any provision of this Agreement shall be or become invalid or unenforceable, the remainder of the provisions of this Agreement shall not be affected thereby, and each and every provision shall be enforceable to the fullest extent permitted by law. 24. Amendment. Except as expressly provided for herein to the contrary, this Water and Wastewater Service Agreement may not be amended, except by subsequent written agreement of the parties. 25. Indemnity. Developer shall indemnify and hold the Town harmless from any liability for events or occurrences arising from the Town entering this Agreement and/or providing water or wastewater service to Developer, except where such liability arises due to the negligence or willful misconduct of the Town. The To the extent permitted by law, the Town shall indemnify and hold Developer harmless form any liability for events or occurrences arising from the Developer entering this Agreement and/or providing water or wastewater service to the Property, except where such liability arises due to the negligent or willful misconduct of the Developer. Nothing contained herein, however, shall constitute or result in any waiver or diminishment of and defense or limitation available to the Town under the Colorado Governmental Immunity Act or other applicable law. 26. Attorneys' and Engineers’ Fees. Should any party hereto employ an attorney for the purpose of enforcing or construing this agreement, or any judgment based on this agreement, for any reason or in any legal proceeding whatsoever; including insolvency, bankruptcy, arbitration, declaratory relief or other litigation, including appeals or rehearing, and whether or not an action is actually commenced; the substantially prevailing party shall be entitled to receive from the other party or parties thereto reimbursement for all reasonable attorneys' fees, engineering fees and all costs and expenses. Should any judgment or final order be issued in that proceeding, said reimbursement shall be specified thereinSubject to Annual Appropriation. This Agreement is not intended to create a debt or other multiple-fiscal year financial obligation of Fraser, and any financial obligations of Fraser hereunder are subject to annual appropriation in accordance with Article X, § 20 of the Colorado Constitution and other Colorado law. 27. Other Commitments. a. Upon execution of this Agreement, Developer agrees to cause its affiliate, Cornerstone Winter Park Holdings, LLC, to abandon and promptly (within 30 days) file a written withdrawal of its application with the Town for a permit to construct a wastewater treatment plant on the property described as Lot 2, Meyer Subdivision. Out-of-Town Water Service Agreement Town of Fraser and Byers Peak Properties, LLC; Byers Peak Downhill Adventures, LLCet al. Page 10 of 14 b. Within 30 days after execution of this Agreement, Developer shall cause its affiliates, Cornerstone Winter Park Holdings, LLC and/or Grand Park Development LLC, to execute and deliver to Fraser a good and sufficient special warranty deed conveying a parcel containing approximately four 4 acres, known as Planning Area 6W, as described in the Grand Park Planned Development District Plan recorded on November 8, 2005 in the real property records of the Clerk and Recorder of Grand County as Reception No. 2005-012709, as amended, and as provided in the Amended and Restated Annexation Agreement for the Rendezvous Property, dated June 4, 2003 and recorded December 30, 2003 at Reception No. 2003-016733, as amended. Failure of Developer to satisfy these commitments within the time allowed shall be grounds for Fraser to terminate this Agreement, by written notice to Developer. 28. Contractual Obligations. Each of the Developer entities agrees to be jointly and severally obligated under this Agreement to fulfill the responsibilities, obligations and provisions agreed upon by Developer, including without limitation those provisions relating to default and the remedies and cures associated with the same. Notwithstanding the foregoing, Fraser shall have the right to look to only one Developer entity for compliance herewith, as appropriate, and to seek remedies in the event of a default against only one of the Developer entities and shall not be obligated to include both in any effort, proceeding or action to secure the same. 29. Assignment. This agreement shall not be assigned by Developer without the written consent of Fraser, and Developer agrees that such consent may be withheld in the event Fraser determines in its reasonable discretion that the proposed successor or assign does not have financial capacity to perform the obligations of Developer herein. 30. Entire Agreement. This agreement constitutes the entire agreement between the parties with respect hereto and supersedes all prior written and oral agreements and representations of the parties. 31. Authorization. By executing this agreement, the parties acknowledge and represent to one another that all procedures necessary to contract and execute this agreement have been performed and that the person(s) signing for each party have been duly authorized to do so and to bind said party to the terms and conditions hereof. 32. Execution. This Agreement may be executed in multiple parts as originals or by email or facsimile copies of executed originals; provided however, if executed and evidence of execution is made by electronic copy, then an original shall be provided to the other party(ies) within seven days of receipt of said electronic copy. 33. Recording; Binding Effect. This Agreement shall be recorded in the real property records of the Clerk and Recorder of Grand County, Colorado, and shall constitute constructive notice of this Agreement and all of its individual provisions. The provisions of this Agreement shall constitute covenants and servitudes which shall burden and run with the land comprising the Out-of-Town Water Service Agreement Town of Fraser and Byers Peak Properties, LLC; Byers Peak Downhill Adventures, LLCet al. Page 11 of 14 Property and the burdens and benefits hereof shall bind and inure to the benefit of all estates and interests in the Property and all assigns and successors in interest to the parties hereto; provided, however, that the rights and remedies granted to the Developer hereunder shall be limited to the Developer and its permitted assigns, and such rights and remedies shall not be available to any future owner of a lot or parcel included in the Property that is provided water and/or wastewater service hereunder. (Remainder of page left blank intentionally) Out-of-Town Water Service Agreement Town of Fraser and Byers Peak Properties, LLC; Byers Peak Downhill Adventures, LLCet al. Page 12 of 14 IN WITNESS WHEREOF, the parties have set their hand and official seals the day and year first above written. TOWN OF FRASER, COLORADO By: ____________________________ ____________, Mayor 153 Fraser Avenue P.O. Box 370 Fraser, CO 81637 ATTEST: _______________________________ ____________, Town Clerk BYERS PEAK PROPERTIES, LLC _____________________________ C. Clark Lipscomb, President As Authorized Agent for and on behalf of Byers Peak Properties, LLC BYERS PEAK DOWNHILL PROPERTIES, LLC _____________________________ C. Clark Lipscomb, President As Authorized Agent for and on behalf of Byers Peak Properties, LLC ____________________________ C. CLARK LIPSCOMB ____________________________ MEREDITH C. LIPSCOMB Out-of-Town Water Service Agreement Town of Fraser and Byers Peak Properties, LLC; Byers Peak Downhill Adventures, LLCet al. Page 13 of 14 STATE OF COLORADO ) ) SS. COUNTY OF GRAND ) Subscribed and sworn to before me this _____ day of ________________, 2017, by ______________________________, as Mayor, and by ______________, Town Clerk, Town of Fraser, Colorado. Witness my hand and official seal. My Commission expires: _____________. ______________________________ Notary Public STATE OF COLORADO ) ) SS. COUNTY OF GRAND ) Subscribed and sworn to before me this _____ day of ________________, 2017, by C. Clark Lipscomb as authorized agent for and on behalf of Byers Peak Properties, LLC and Byers Peak Downhill Properties, LLC. Witness my hand and official seal. My Commission expires: _____________. ______________________________ Notary Public STATE OF COLORADO ) ) SS. COUNTY OF GRAND ) Subscribed and sworn to before me this _____ day of ________________, 2017, by C. Clark Lipscomb and Meredith Lipscomb, individuals. Witness my hand and official seal. My Commission expires: _____________. ______________________________ Out-of-Town Water Service Agreement Town of Fraser and Byers Peak Properties, LLC; Byers Peak Downhill Adventures, LLCet al. Page 14 of 14 Notary Public