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TI�S FORki HAS IMPORTANT L,EC.1L CONSEQUENCES AND Tf�ppR'['�S$HOULD CONSULT LE�=4L AND TAX OR �
07'[�R COUNSEL DEFORE SIGNING. - �
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VACANT LAND/FARM AND RANCH ��'.'Zi'y�ti i°�7�i� 1.�,i! f . ?;
corrrRncr To auv.�vn sELL c�ni.Esrn� r j�i�;,llVAtltC�: ''�'. •;..
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i, r�u�ss ,.�,o nnopFan. Pitkin County eoord of Counfy Commissioners, �����o: �e�y�r�, --- _-=__ _____,_______ _ �?;,
eeminan} agree� co huy, and che undereigned aeller(a1 [Seller) r.tr.. n vnon , agreea co sell, on che ce�ms and �J��
� canditlana cee FortA in ehis �oAC:a�c andtheAddendumoriochedhereto, cneLeaLio.,i�y aas�ranea real eseaee ia ehe councy . � �
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The Union and Little Chief Lode Mini�g Claine U.S. Mineral Survey No. �a09, The Lubricatoc Lode Mining Claim, , •
The Boona Lode Minin9 Claim and che Hawkeye Lode Miniig Claim eicvated in tha Moody Creek Hining Discriee, ❑.S. Mineral Survey ..
No. 536� .
Y.nown ac No. _ t�(n �
� (Sum AmruL Ciry,su¢.LPl ..�
. cogecher with all intecect oE_ Seller in vacated sereecs and alleyc adjacen[ ther¢[o, all eaeements and o[her appursmmces
' ehereco, all improvemencs Chezeon and all accached Eixcures chereon, excepc ae herein excluded (colleceively the Propazsy). .
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(d) w.tar niahe... p¢rchase pri�e to inelude che Ebllowing water righ[c' all vacer'righcs appuctenant to che pmperry �
(�) orow�eq croo._ wiih reepecc to the gza+iag cropa Selles and Buyer agree as fol3owa: N/A I
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- 7he above-deecri6ed included iceme (inclucions) are co 6e conveyed co euyer by Seller hy bill of sale, ouie claim deed
cr ocher applScahle lagal inetiunrntls) ac che cloeing, Eree and ciear of a12 taxea, liens and encunbrancea, except aa prwided
• _a Section 12. The folloving accached fixtssres are exeluded from thSa adle: N/A
� 1, evACtuss_pgzce Atm rneM9, The puzchase priee shall be 5 65.aoe.00 , payable in U.S. dollars by Buyer as follauc:
- ' ,��mplece tha applicahle texms below.)
(s) Enrneet ltonev. � !
� F �.soa.00 in�he fom oE �he�k earnesc money deposic and parc a � �
p ymenc of che purchaee price,
. Ssynble co and held by 2lckin Ccvncv T1rin- tne. , g�f, closing agen[, in ice crvsc accoune on behalt oE bcch Seller and �
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� . -ha talmee of 5 se coa.00 (purchaee price lesa earnect money) shall be paid as follw�ei �
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_ - .<eo.00 , pSue eloaing co�cs, [o be paid by Buyet ec elosing in lunda which comply wi[h all applicable Co�orado la�s,
� �-:.-h inclutle cash, eleccronie transEer funds, certlfiad el�eck, savinge and Loan ieller�s cheek, and [aehier'e check, (GOOd
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' r e1s3' e� }y pay a-l�ea er-:g'rtaa'o Ee-+t ee ert i ' _ "' "' ' " ' _ _' _""_ • I
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5. 'PPRlSS�?�oAOVISIDN. �
(Check one box only.f This SeccSon 5 �_�shall �y�shall noc apply.
• IE chie Saccion 5 applies;as indicaced above, Buyez shall have [he eole opcian and alection co terninace chie concracc
'_ che purchase price exceeds che Propercy'a valuacion decernined by an appraieez engageC by Tha conczacc
s:all cerminace by che 0uyer cnusing che Sellez co receive wriccen notice oE cerminacion and a copy oE auch appzaisal or vriccen ..
--- e Erom lender whieh confirms she Pmpercy�s valuacion ic leae [han che purchase price, on or beEO[e .
:.ppzaisal Deadline). If Seller does noc receive cuch wncten nocice oE cernicuc-on on or before che appraieal Ceadliae, euyer _�
.u:ves ally righ[ Co CeiminaCe undeY[hie 6ection. -
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M/A• . Conc oE any appralcal ca 6e obcained afcer the dace aC thia coneract ehall be cSmely pala 6y �;�'�-''�,�.�'.
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. T. .+!9? n?sxaw�.nr� Thie wncracc shall ne! be aeaignable�Dy Buycz wiehout Saller�a priar wrSteen coneent. i�cepc a c ���'���-.'�.����:.',
esczicced, thia conera�c ehal� inure co che beneCic oE and be bindi�g upon c4e deire, personal repreeenca[SVec, suecesec=cc•= �
aesigno oE [he parCiae. � ,
e. EVxnEdeE op rx+�.a, geller ehall Eurnieh to Buyer, ae Seller's expenae, e4ehee a �ucrene commicmem for ovner•s =____ , .��
insuzanee policy Sa an amoun[ equsl co the purchae¢ price � _�� ' '�
daee, an or beEoce o.�.�bn�`?e , 1g�$_ (Yic�e neadline). �f-- �-•- `--°----- ---`---- — ° --' ', guyer way r= ces ti'
o! Sellar [ha[ capiea of ineGruments '- - - --- - -- ---- -` lis[ed in [he eehedule of excaptions (6xceptiona) � �_
title insurance commltmenc aleo Oe E4rniahed co Buyereat'Sellar�g expense. This requiremenc ahall percain only to insc:�-.==r � � .��
ehonn ot recozd in the of£See aE ehe clerk and recorder oE t6e deeignated county or counciee. The title incurance co�c=c-. � ��
eogecher wi[h nM.copiea or abetracta of iaecrumenee furniehed puzauant w chie 5ection e, aanacicuce the citle documencs �- � -
Doeumeneel. �a.a....--- ---- - -- - - --- - - - - __ -p� baeea Ee € lIM6F t�=+
,' "" __"''.'_ �tee�E$eAS M datee-tfian---=-- 'e--+'_ .__�_.___ .., . � � �_ . . .
----' --- Se11ez vill pay the premium at cloeing aM'have che tlUe insura¢re^po2ieY de2lvered cn euyer ae aoon ac praccdce�=e
aEcer���cloaing. °
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9. �•
!a) Titie xavisr, Bnyer shall have che right to inepect ehn TSCIe Uocumenee --o 'r-�� Nritcen notice by 9uyu - �":�t"`
unnerchantabilily of cicle ar of any o[her uneaciefactory Gicle eoMicion ehown hy the Title Documenca et-abe6eae�t� sYa=: ' � .
signed 6y or on beMlt o£ Buyar and given to 5eller on oz befoze 1II_ calendat days aEter Tiele neadline, ar vithia :_ _ ,_
calendar days atcer receipc hy Buyer aG any TStle Documen[(a) ar endareearcn[(e1 atlding nev Excepcion(s1 to Che ci[la cosc;=-�: „ -
together vich a copy of the TiCle mcunene adding nev Exe¢pcion(n1 co citle. IE 5eller doea noc receive Huyar's nocice� :-_ �
dacels) epacified ahove, Buyer eccepcs che cax�Lition of titla ae dieeloeed 6y che Title Documence as eaci:taecory. . •
(b) Seller eMil deliver to Buyer, on ar before the Tiele oeadlirte eec ::-� �
� in See2lon 8, tcue copiea of all lea¢ele) and eurvey(e) in Seller�e poeeeaeion perceining eo the vroperty�and shall disclose =_
Bvyet all easemmte, liene or o[her ticle mactera not ehovn hy ihe pu611c teeorde of whieh Seliez hae ac[ual knowledge. }.,�a_ y'.
shall have the righc to inspeci che Property to deteraine if any third partyle) hae any right in the Property noc sAavn e -r.e
puh2lc zerorde leueh ae an mrecorded eeeement, unreeorded leaee, ar boundary line diecrepancy). xritten notice o° � -
un¢acisfaceory condicionie) diecloaed by Seller or revenled by such inspeetion shall be elgned by or nn behalf of Buyer '^'
given co Seller on or befoze o m��rp_h�P�r �,5. 19 • _. If Seller tloea not reeeive Buyer�s notice by eaid date, euyer ac_e�s !
� ticle suhjeet to auch righca, if any, of third parciee of which Buyez hae actual knovledge. �
(¢I ypecial T+.iaa Dle ri SPBCILL S7�CIP0 D29TASCT9 HAY B$SQBSYCT 1V Q6NSR.V.OeL2(i.�7ION INDSBTYDNE33 T811T IS 7T..:'� �•
6Y N67YINE8 HRO➢QC� PROlS ANNPAL iltX LBVZSS OM THS TLL.BLE PAOPERTY MT8Z8 59Q UI9SAICT3. PAOPE4TY ONNER4 SM SOCB DISTd2^S
MAY HE PLAC� AT AIS% YOA INCAGSSD MILL LfiVIEB At�N EXC898IV8 TA% HOADSNS TO BQPPOAS T9E SSRVICSNC O[ SOCB D89'f itC"+a3 �
• ... . CIAGRMSTANCl9 .W188 AfiSOLTINO IN THE INAB;LITY 0Y 9IIC$ A ➢ZSTRSCT TO DZ6CH1tRO8 SOCB INDSHTIDNE33 WITHOOT SO� ]1N INCAEaSB 3"
HILL IdV2E9. '�BVYSR SBOPLD INVPSTI[i7.Tb 7HL D8B7 FINANCIMi REpVIAE[�7M1'8 Ol 18C wfiL60RT2ID 08iZRAL O8L2011T;ON IlIDS6TIDH859 OY f._
DISTAIC49. Ts7CI9TINO lIILL LSVIEB OF SIIC$ DISTRSCf�S$AVICINO 8IIC8 INDLBTEDN645� A1m 2� POT$NTI0.L FOR ]W INCRP.a58 SN 9U� f[L.:.� �
LEVIES.
� � � �Zn the event the Prapercy ia locaced uichin a epecial taxi�district and euyer desirea to eerninate thie contracc as a
result, Sf vrieeen no[iee is given se Seller on or beEore che date sec totch in Su6seceion 9(b), this conczacc shall
terminace. If Seller doea noc receive Huyer'a notice by che date epecified ahove, 9uyer accepts the aEfecc of che frope�r s �
- cnclusion Sa�auch speclal caxing diatrict(e) and waivea ehe rfghc ca so cesmSnace. !�
. (d1 Biaht eo ctire. IE Seller receivea notice oE unmerchancabilisy of citle or any other unsaCisfae[ory c,=:e �
' condi[ionlel ae provided in Subeeeeion (a) or (b) abova, Sellez ehall uee teaconable eEfoct co correcc eaid wsatistae[nry= :_c
cendicionls) prior eo che dace of closing. iE Seiler faiis co eorrecc eaid unsacisfaccory citle condieionfs} on or beEar_�==_
� dace of closing, chis eoncrecc shall then tezminacer pzovided, however, euyer may, by writcm notice reeeived by Seller c_ _:
� Sefore eloeing, waive ob�eccion to said unsacisfactory tiele condicion(el.
10. �py, Seller.agreea Co provide Buyer o ar before ��.��+nr�o , 19_9$__ with a Seller�c Pmpercy Oiscloeure : —
� :aapleted 6y Sellez ta Che Lese of Seller�s euzrent ectual knowladge. Huyer ar any deaigqae shall have che tighc .o :a:•e �
. _r.epeceion(e) of the phyaical corWlcSOn oE ihe Propec[y and Inclusions aC evyer's eupenee. It writcen nociee of a=y
:::sati¢faccory condition, signed by or on behalt oE Huyer, Sa no[ received 6y Sellei on or heEOZe rv iz , 19 ��_ �
' lObjectien Deadline), cha phyaical candi[ion of the Properey and Ixlueions shall be deemed ta 6a sacisfaesoty Co Buyer. __ � �
scch noeice is zeeeivad by Seller aa set Eorth above, and.if Buyer and Seller have noc agreed, in aciling, co a eeccle��:
� ' .hereoL on ot before .tam.arv x� , 19_$.5._ (xesolucion Deadline�, ehis concract shall t<rmina[e chzee celendar days Eollov,�� .
_he Aeeo]ution Deadline unlees, within the chree calendar days, 5eller receives writcen nocice Emm Buyer aaiviag objecsioa :�
� any unsacisfaecary condiCion. euyer ia responeible Eor and shall pay foz any damage whieh oceure to che Property and Inclus:�=s
- as a sesul[ot such inspeccion. .
� 11. Da�_pr ei-sitm, The da[e af closing sha22 be Jam,arv z� , 19�y_, or by muival agreement at an ear2iet dace, ._e
:our antl place of closing ahall be as tlesigoaced by_�uver ana �11er;n nscen. Colorado ,
12. '�'^u4�or rzrrs. Subjecc co tender or paymenc ac cloeing ae requised hesein nnd complimce by euyer with che oc`_ez �
� - rns anA provisions heceof, Seller shall execu[e and delives a goaQ and euEficienc �,e,.��Pra� aarran� deed to Buyer, ca -
- _easing, conveyin9 ehe Praper[y free and clear ot all taxet ezcepc the general caxes foz Che year aE clooing, and except
u�n Ti[le shall be conveyed free and clear of nll liene tor special improvemenes inecalled ne oE =Ce
. iate oE 8uyer�s signacure hetron, ahether aecesaed os noc; excepc (i� discribucion uci2ity eaemenca Iinclutling cabla N), (:?1
_Ense matcers reflecced hy the ticPe Oocwvencs aceepced by Huyer in accordance with Subseccion 9(al, (iiii those rig�cs, if asy,
[hird parties in [he Pxopercy noc sho�un by che publle remrtla in acrordance wish aubseccion 9l6), (iv� inclueion of _Le
.��ezcy«ichin any apecial taxing discrici, and lvl subjec[ to 6uilding a[HI zoning regu]a[ions.
1]. Pa��n'os epcv�n._�ts. nny encumbra�e requSred[o be paid shall ne paid ac or before closing Erom ehe procee0s of :`.s `
;=a�saccion or from any other source. � ,
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11. ��aixo Co ra DoG+++m e vxc euyer and 5eller ehall pay, in Good punde, Yr.eir recpective eloeing coacs and aii
oiher i[eme requlred co 6e paid ac cloaing, exeepc ae otherviae provided herain. Buyer ac1 5eller ehall cign and complece a__ °-
cuscomary or required documencc ac ar before closin9. Feee Eor real eauce cloaing cerviees cha11 me exceed,�,,,��and skail '
' be paid at elosing by BWC/O!I(�SB//E/BOUO//V. The local transEer tax o[�.N/A�a oL the pu:_hase prlce shall bs paid at elosiaa � �
by I@f. My ealea and uae cnx t�at may acczve becanse of chis txansaction ckwll be paid v;en due by .-B/IET ��
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15. PnouaTiOtla, General taxes foz che year oE cloeing, baeed on the Caxee for ehe calendar year ;mmediacely precedl:.g
cloaing, rentc, wacer ajW sewer thazgee, honeowner�e aecociaCion auec, and intereec on eonc:auing loantel, if any, and �/a .
. chall De pzorated to da2e oE clocing. ,��,
� 16. Po�<�+,�,�^QiOx. Poaeeaeion of the Propercy ahall be delivered to Buycr ac Eollw¢: yt^-d•livepc.of deed ' -
subject co the following leace(s1 or tenancy(a1: 4 �
kone If 5elier, after cloeing, Lails to deliver .
poeeeccion on ehe date herein epecitied, Seller slwll be subject to eviccion and shall ue additianally liable to Buyer :or .
payment oL 5 so.oe per day from the dnte oE agreed poceeaeion uncil poseeesion is delivezed.
17. CotmxTxoN ep aem D�uu�s Tf1 anoPErtxr. Except ae oehen+iae pzovided in chis contract, che Propercy end Incluaions ¢hall ha ��'r�
delivered Sn che conQieion exie[inq ae oE ehe date eE chis contract, ocdinary wear and teac excepced. In che eveni ehe Pzopet:y , ,
shall be damaged�by�fire or other caeualcy prior Co tine of cloeiag, in an amoune of noc oare �han cen perceat of the :ezal . -
purchase priee, Seller ehall be obligated to repair ehe eame before the dace of clocing. In che evenc euch da�oage is nac -
sepaired wiihin said cime or if the damages exceed such cun, thla contzact nay he [ecmimced ac ehe apcion.aE 6uyer. Shoultl .
9uyer eleac to carry out this concracc despite sueh damage, Buyer chall 6e en[i[led ca credit for all the insurance proceeds _
resulci�g froa such damage [o the Pzopercy and incluaione, noc ei[ceeding, however, che cota] purchaee price. Shwld say .
Inclusionlal r servicels) fnil or be damaged becween [he date oE tris wntracc and the date of clasing or che date of
� poeeeeeion, whichever ehall 6e earlier, chen 5eller aHail be liable for eha repair oc replacemenc ef such incluaion(s1 ar
servicels) wi[h a unis of eimiler size, age and qualicy, or an equivalenc eredic, lese any iaeuzance proeeeds zeeeived by euyer .
covering euch repair or replacemen[. 'che risk oE loee for any damage co 9roving cropa, by fize or ocher casual[y, ehall De
borne by she party entiCled co ehe growing cropa, if any, ae provided in Se<[ion 2 and sucA party shall be encitled co such '
insurance pmceeds or benefita for the grouing crope, it any. .
1B. Tltts OF E9s�ec/a�nxss. Time ia oE che essenee heraof. If any oo[e or checF,received aa earnes: money hereunder or my (t,
oihec paymene due hereunder is m[paid, hanorad or tentlered When due, or 1E any other obligacion hereundet is not perfozmed ar �.
aaived as herein pzovSQed, there sAall be[he Eollowing remedies.
. {s) 2Y SQS6A 24 SN DE4'aVLT: '.
_ [Check one box anly.]
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�7�� (p) ai�.idn[ed oemnaee, All paymencc end thiaga of value seceived hereunder shall be fozfeiced by euyer and zetained on
behalf of Seller and both parciee s4a11 thereaf[er be released from all obligaciona Aereunder. 2[ is agreed thac euch paymencs
end [hinge of value aYe LIQIIIDATED DAMA6E5 and (excepC as provided il1 SUbeeCiion (C)) aze SELLEA'S SOLE AND ONLY RF.MEDY foz '
� H�yer's failure to perEOrm the obliga[ions of [his cancrace. Seller expresely raives the reuedies oE specific perfommce and
� addicioml daoagee. ' .
� (b) IP SELL2R 25 IN OEFAIILT:
' � euyer may elec[ to creaG [hie contracc as canceled, i which case all paymencs and thiagc of value zeceived heceundec shall he
. � '. zecurned and auyer may secover sueh damagec ae may be pzopez, or Buyez may eleec ca [zeac chie cenerace as being in tull fozee
antl eEfece and Buyez ehall Mve the righc eo specific perfornance or tlasages, oz Doch. � �. �
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(e� Coa'P5 �%PHNS-a. N�ything co che cm[rary herein mCwithetanding, in che even_ of any arbi[racSon or li[igacion • .
arising ouc oE [hia concraec, che ac4lczscor or co+�re shall award to che psevailin9 parcy all zeasonable coscs and expmses, ! ..
. _:cluding atcarney feee.
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19. T_-�°_'f NON6Y ni=�v7s: No[wichseandiny any tezmina[ion of chis contzac�, euyer and Se11er agree that, in che evenc aE any �
. ccacraverey regarding the earnesc noney and chinga oi value held hy bcoker or closin9 agen[, unlesn mucual wriccrn in6cN^_�!d=8
' aze zeceived by the holder o£ [he earnesc money and thinge oi value, broker o closing a9enc ehall not be requirad co take my ;i..
' ac[ion buc may avaic any pzoceedin9, or ac broker•e oc closing agene�e aption and sole diacretion, may incexplead all pazsies
' aad tleposit any moneya or chings of value inco a eourt oC campetene juciediccion and xha11 recover couct coecs and ceneoeuble .�
ac=arney feeo.. ' '
Zp, a*x aTZ nz o VTION• xEDInTION. IE a dispute arises relating eo Chis contrac[, end Ss noe reeolvetl, _he
' pa_:iee and broker(s) imolved in auen Aiapuce IDlepucanca) shall fizac pioceed in gooC faich to submic che mntter ca wediation. �' '
� '�e Oispucan[g will join[ly appeinc an aceepcable mediacor and will sMxe eqnally in the cosc ot such Aediaiion. Ia the event t
� -- entire diepuce ie not resolved wiGhin chirty (30! calendar daye from che dace of wriccen nocice seguesting�aediacion is senc
by �ne Diapu[ant co cha atherlsl, che mediacion, unless othex�+iee agreed, shall terminace. TAis cecsion ahall me alcer any :
�ace in chie concrnec, unless othexwiee agresd. ' �
21. TD1)ISIO}UL PAOV2420N9[ . {
See Rddendum atfoched he�elo and incorpwoted herein by reference. �
23, RECO TIDATiON or r.saAt COVNSEL. Hy signiny this documenc, euyer and Seller acY.no�ledge chac che 5elling Company or che ' . '
__ ;:ng Company haa sdvised chac chin Co�umm: Aae imporcanc legal c sequenees and has secammendec che axaminacion aE [icle and i '
:=5su:cacion vith legal and cax or ocher counsel 6eCore signing chie concra<c. �
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' 13• T688ffiLTZOB. In the event chic eonerac[ Se tesminated, ell paymenca nnd ehinge of value received hereunder ehal. be �;r.:6,���.�"
� reclrned aM[ha paceiaa chall be sellevad of all obligscions hereu�ec, au6jecc cn Secsion 19. �� `.'`�:^��.
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15. t7m�ics ro smaa, Any nocice to euyer ehall be eEfective when received by Buyer, or, iE ehia box la cheeked �_� when , K,+
r_teived 6y Selling Company. .
76. No1'Sp'n�°an*.srt• Any notice co 5eller ohall be efEective w6m received by Seller or Lieting Company. � �• a��•
37. Mon2FxGaxow or 'razs cotrrnACT. No eubeequent modification of any oE [he texma oE ehio concract edall be valid, hiading �
� � crnn tha pasdes, oz mEozccable unlnsa made in vxiting end e�gaed by the psrtiea. �
2B. �gy_,syg$�. Thie concracc constitutea the encirs eontrac[ becveen the parties relating [o ehe aubiect hereoE, and �
a-.�pzior aqrenmenca per[ainieg thereto, vhether oral or wrictan, have eeen mergea and integrated inco thie eancracs. �
]9. HDTZCE op I�eCEPTI�� ��p�-=-• '1'hhis pzopoeal etull expirs unlees aceepced 1n writing, by Huyer.and Se1Ser, as � .
� e•:=�enced Ly t6dr eignaturee helw,.and the ofEering paz[y reeeivea nocice aE sueh aeeep[ence on or befora xov�.MSr zs , "q
- _3'T�_ (ACCepeance ➢eaQlLne1. I£ accepted, thie doeumanc ehall hecome a concraec 6ecween Seller and Buyez. A eopy of chis
=c�mene may be execuced by each parcy, eeparately, and vhen each party hae erzecuted a copy thereoi, auch copiee taken togecher
� saall be deemed to be a full and complete cannraet becreen che partiee. - '�
FOR THE�IYER.• � . 1/_ �
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Pii ' CounlyBodidofCounlyCammissioneis Chairmon Dateof8uyersSignpture i^.
ilkin Counly Courlhouse -
506 EostMoin Sh-eet
Aspe2 CO B/611 - f
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,� APPR�// �z6.�..OS/�LL G,� _,�� ' ��T J ,/'�
_. Pitkin Counly Open Space and Trai(s Bocud of Tiustees Date . . ______ _ i
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CEDAREDGE, CO 81413^0626
____er�s Addresa �
STATE Of COLORADO J f,
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CounlyofPifkin J
Acknowledged trefo�e me lhis_doy of i9 ,by �
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ADDENDUM TO VACANT LAND/FARM AND RANCH -
CONTRACT TO BUY AND SELL REAL ESTATE `
Dated November , 1995 ~�
• ��.
By: Pitkin County Boazd of County Cotnmissianers, Buyer, '.
and Glen D. Vagneuc, Seller
ADDENDUM to that certain VACANT LAND/FARM AND RANCH CONTRACT TO
BUY AND SELL REAL ESTATE dated November , 1995, between PITKIN COUNTI'
BOARD OF COi1NTY COMMISSIONERS,Buyer,and Glen D.Vagneur,Seller,is entered into � r
simultaneously with that Contract and is supported by the same consideration,terms,conditions _
and covenants as set forth therein and herein. In the event of any inconsistency between the �
Contract and this Addendum,the terms of this Addendum shall govem and control.
' 1. Contineent Uoon BOCC Aooroval. This Contract is expressly contingent upon official
approval by the Pitkin County Board of Counry Commissioners(BOCC)at its eazliest available -
regulazly scheduled meeting which occurs after the date upon which this Contract is signed by
the Open Space and Traits Boazd of Trustees, the Pitkin County Attorney and the Seller. The
parties understand and agree that such approval requires consideration of the Contract at two
readings at regular and official meetings o€the BOCC, with a Public Heazing as the second of
those meetings, and shall be subject to appiicable provisions of the Pitkin County Home Rule
. Charter and Colorado Revised Statutes. Should this Contract not be approved by the BOCC for
any reason,this Contract shall become null and void upon the date the BOCC refuses or fails to
approve the Contract (unless otherwise mutually agreed by the parties hereto) and all earnest
monies shall be immediately returned to the Buyer. ��
2. Conditions of Title. 'fhe commitment referenced in the Contract shall be delivered
� to the Buyer together with legible copies of all documents of record noted in the commitrnent as
� � exceptions,including all plats. If the Buyer,in the Buyer's sole and absolute discretion,does not
approve the condition of title as disclosed by the foregoing documents within the time&ame set
forth in the Contract,then Buyer shall have the right to cancel the Contract and receive a retum
of its earnest money, in which event, the Contract shall be null and void. The Seller shall
execute a mechanic's lien affidavit in favor of the Buyer and the title insurance company and its
agent issuing the policy at closing in a form reasonably acceptable to the Buyer.
3. Selier's Renresentations and Warranties.
A. Seller warrants and represents that Seller is not now a party to any litigation,
and Seller lmows of no litigation or threatened litigation affecting the property or inclusions,and •
Seller_shall give to Buyer prompt notice of the institution of any such litigation.
B. Seller warrants and represents that,as of the date of closing,there will be no
delinquent bills for work,labor or materials done,performed or fumished that would give rise �
to a mechanic's lien against the property.
C. To the best of Seller's knowtedge,there has been no landfill or mine tailings �
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de osited on or removed from the Pro e p rty,no �- • �
p p rty,no construction debris buried on the Pro e �„ `
toxic wastes or oiher hazardous materia3s used on the Property and there aze no t xic wastes or
other hazardous materials tocated on the Propercy. ' `�
4. Sutvivai of Reoresentations. Wartanties and Covenants. ', �;
All representations and warranties made by SeIler herein,including agreements and rights of both
Se11er and Buyer shall survive at closing and not merge at closing.
5. Deliverv of Eamest Monev Closine Date and Extension of Closin�Date. The Earnest
Money described in the Contract sha11 be delivered to the closing agent on behalf of Seller and '
Buyer immediately following the satisfaction of the contingency set forth in Paragraph 1 of this .:r,
Addendum. The date of closing shall be January 23, 1996. Should the contingencies described _
above not be met in time to meet the closing date set forth in the Contract despite Buyer's best � .
effor[s,Seller agrees to extend the date of closing,for up to a period of twa months,i.e.no later
than Mazch 23, 1996. Buyer shall notify Seller,in writing,of this extension of the date of the
closing,by no later than 7anuary IBth, I996.
6. For�iQrt Person Transferor. Setler represents and warrants that Seller is not subject to
withholdiag as defined under Intemal Revenue Code Section 897 (Foreign Person Transferor). �
Sel[er agrees to execute an affidavit to such effect at closing.
!
. 7. Telefaxed Documents. Parties agree that telefaxed,signed copies of both the offer and
acceptance and other contractual agreements pursuaat to the Contraci are deemed effective and
binding upon the party so executing or accepting so long as an actuai signature copy is
transmitted to the other party as soon as practical thereafter.
�
S. Interest on Deposit. All eamest money shall be placed in an interest bearing escrow
. account with interest accruing to the benefit of the Buyer,euiless the deposit is forfeited by virtue
of the terms of the Contract. Interest eamed on the deposit shatl inure to the benefit of the Buyer
if the ttansaction contemplated by the Contract closes. If the Buyer,for any reason described in
the Contract,validly terminates the Contract,which termination results in the Buyer being entitled
to the rehun of ihe deposit,then interest accrued thereon shall also be retumed to the Buyer.
9. Colorado Withholdine Reauirements, The Seller has been advised that under Colorado
law,a title insurance company or other person responsible for closing the sale of Colorado real
j property may be required to withhold Colorado State Income Tax equal to the lesser of two
percent (2%) of the sales price or the net proceeds earned from the sale of Colorado real
property.
10. Successors and Assiens. This Contract shall be binding on and inure to the benefit -
of the heirs,executors, IegaI representatives,successors and assigns of the parties.
11. Notice. t�ny notice, demand, or document which either pariy is required or may
desire to give, deliver or make to the other party shall be in writing and may be personally .
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delivered to or given 6y facsimiie iransmission or given by United States certified mail,retunn ��.
receipt requested,addressed as fotlows: . `
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To Buyer: Jane Etlen Hamilton
Chief Executive Officer �. '• .
Piikin Gounty Open Space and Trails
530 East Main Street, Suite 301
Aspen, Colorado 81611
_ Facsimile Number: 970/920-5198
To Selle[: GLEN D. VAGNEUR
CEDAREDGE, CO 814I3-0626
i
12. Miscellaneous.
. A. Sahudav.Sundav or Holidav. If any time period referred to in this Contract shall end
on a Sahuday, Sunday or Iegal holiday,such time period shall automaiically be extended to the
first regular business day thereafter.
B. Controllinu Law. This Contract shall be construed in accordance with and governed
by the laws of the State of Colorado.
C. Counterparts. This Contract may be executed in severat counterparts and, after
execution and as executed, shall constitute an agreement binding on all of the parties,
notwithstanding that alI of the parties aze not signatory to the original or ihe same counterpart.
D. Entire AereemenG This Contract contains ttte entire agreement between ihe parties,
and supersedes all prior understandings,agreements,negotiations and representations,written and
oral, not contained herein. It may not be amended or modified, except by an agreement in
writing signed by both parties hereto. -
E. Attornevs' Fees. In the event of any action for breach of,*o enforce the provisions
of, or otherwise involving this Contract,the court in such action shall awazd a reasonable sum
( as attomeys' fees to the party who, in light of the issues litigated and the court's decision on
those issues,was the prevailing party in the action.
BUYER:
/ �. •-•-�--r� ' 11 j�'�(C
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�FITKIN COUNTY BOARD OF COUNTY DATE
!�COMMISSIONERS �
Michael C.Ireland, Chairperson `
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APPROVED AS TO CONTENT: . ; ��• .
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PITKIN COUNTY OPEN SPACE AND DATE � .'� . �
. TRAILS BOARD 4 .,�
William E.L. Fales, Chairperson G��,. .
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APPROVED AS TO FORM: �';;. `
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Pitkin County Attomey ;
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� SELLER:
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Glen D. Vagneur DATE
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• 7'IrcprbArJportlomofNdstoraiepprnmlh th�l 7lt1.SA15CLOSURE511DOf.DDC• •
ColonJu ptal F�lu�e Cm�mJstlon ILCU•�!1) CUMPLETEU OY TIIE SGL4ER �o%�.
S6LLER'S 1'ItUI't11'!Y llISCI.OSUtiC
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Sellerslatex0�oUl�elnformmloncanai�rcJ{nddsUiscbsurciswrmenullobeslolSclleriCWqt�N'CACTUALKNO�V(.6UCEasohhe�bovedaie. .,�r�
Dmker m�y Jcliver a wpy of tl�is Uisclosuie to pmspecUve pwc6asus. �f ' .�i
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p1i01'[RI'Y ADORE55 ""`� ;�`+`.�
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1.TII¢COILOWINO ARE INTIIL•CIXd01'f10N51NDIC/i�D: 1.ROOF:
f�lVlqt fqf OD Iq OO�9�
a.APPLIANCES urtuucu wo�av+o waKUb trro Age(if kiwwni: lcars res w Rraw
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Ciolhas Ur er b. s 1lrc�e reuM Jaxoa e�o Nx rouR ,�'r
CWIIKS Washer c. �Ile rool umler w�rnnl't �.
Uishwaslrcr J.Ix warrml IonskraUlet .
a xal e.Ex uatbo Jo1e of wataM: j�'
fieeser ' .
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Aliumrm Uven 7.IIAZArtDOUS CONUtT10N5: i
Uvcn Arclhc¢anytanlinqmaardouscm Bmu i...
Nan e ondKp�operry.fucLasmclM1ane`uJcad . .
Qeln erala pabn.�aJon�aflnlrmseorwell,ndio- � ..
Itoont Alr Cwefitioncr �ai•e nulcrial.lanJfill.mlMxbnfl. (
7.V.MxennalUfsh apansiresoil.�axlcma�eriafs.urca- '
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Liwlaibn7 F,ipinin under addi0onsl ;.'.L'
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b.L•LECI"0.1CAL SYS'f EM 4.0 r�18R UISCLOSURES:
Alrl'urificr a.Ne11Klmpmvemm�lsconneUt Io
UmRlar Alam uUl'ic wmer sys�cnd �C "
, ' Ceilin Fan b.Ate�6clmprovememseonnecteJto •
Gara e r0 ncUCu � ( blicsexsrs slem? X I
InsideTeicplwne Wirina e.A�etl�eimpm•eiMn�tcannec�tdta
anl DbckLJacks �i�nidemnmm�i� wmer s umt x
7inertan� d.A�e i!x ittryxmenKM�corxmcad lo
Li IuFiamres p�ivaldeomnn�nllyxwersystem7 �C
, Sauna a UaimproreuxmsLovealmninum
� SnmkdF�m Alann wirin?
Sivim6eshOuUais 1. nreaqvecsorshrubsJbeasedordea t
l'ele nnelnsirvmenl .Areila�eanrncroacuMn�st
' . �4m�an h.Artlleremryriolalionsd:oniaR. ✓
. � 2?U�ull5errice UuifdinRCOJe.mrcihfclivecoreeanls?
� i. IsilrcpresartuRa�ron•eonfvnnin ux?
' - e.ilEA71NCANDCUOLINCSYSTHM J. IlareyourecdveJanynoiicestryany €.
�1ulc i�an governmeNOl o�quui-6orermnenlal � .
� a cnc a(fccduElhe�rcrty? �
Ccnlral Air ConJiUamn k.Are�hne a�ry slruamal pmblems Wnh � ' �
Ea miire Couler il¢im roreumNS? - . .
. Firc acc
� I°I(t tIJCG I16et{ L Itm'e any subslanl(al�ddiliun�or �
nlle�ailuns heen meJe without a ,
- Furnxc/lhaFCleettrc r uireJ bulWin rmft7 N
FumwUl la�•Gat I11.AIC IIKIC Ilq fIU1C ipJlOf WOIC( �
BumiJilicr _pn�denu in bosnnan ar crawl space7 1�' �
P�o imc'ISnk n.le Ibae any Jmm6c d�w lo wind.fim, �(�
Solar Ilouse•Ilnling IInoJ.Iermiles a mdeMS? !° .
Wualbu�nin Slore o.w�n�a w.s r����i����a�ro.�. n1 Ik
chLnM tllue I�st demcd7�am:
d.WATER SYSTHMS 5.ADUITIONAL COAtAIENTS AN WOR LXPI,ANATIONS:(Use '
Cismrn oddi8unal a es i(nccesmr)
lal'I�b
I'lumbin �
Puol
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Simi r f'um
ndc�muad S rinklcr ..
NSter Itwlcntlectric
1Wmr IlemeuGns � ' '
Walo Ilealu/So1ar
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71w InCanmlion em�WineJ In�his Uiscloswe has been furnisl¢J by ih
$ellee wha anifics lo die uu�h thneo(6ased on ihe Setkr i CUHf[EN' � � '
� ACTUAL KNOtYLGUCE.Any Imporlanl chmpcs will be disclumd by I'u¢6uer hereby receipis for a eopy of Ihis Diselusum.
Scllcr to Purdmstt priar ta clasin6.Sclicr 6ercby rec<ipte!ot a eopy of 16iS -
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Seller enJ Purclmser m�Jerslaiwl lhal �w+.n n..r+...� �
M no way warmnu or 6uara�uete tlw�bove Infonuation on tlw propaty.I'iupertr inspec�ion upurls amUor 6ome pmkalion ptaiu m�y 6e pwchased.
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