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HomeMy WebLinkAboutbocc.res.006.1983 � . ;,�.•;; . , , -�:�; :� - ., - , ,. % t��Ft �-� ,=Yd' ��,�6'� � S.Y Y SY'�y' � !4 �Sr+�:�P . .. .. # s�*Y r Y - ,+�}t�,:r'.!` i�ry�"'��cI I"��.-X'�'f��E tY. M c t c �r��: 7�' � a�s� � �. =++i>�+i u��f����'�t�lwa�ls...�....t::�..»I:.�'+:s,.,...e...-„r.:+��e }�5�'�-' �ra..k...14,,..�.���.star , �, e.�i... �`�';�;-,. . .� � � � A RESOLUTION APPROVING A rif "PRE-APPROVAL AGREEMENT" WITH RESPECT � y'� TO THE DEVELOPMENT OF EMPLOYEE HOUSING AT � ;1 3 s' =.,•:. ;j SILVERKING PHASE IV � '•. . . ,� .� , .., Resolution No. 83- 6 �i'�;';:,..' � 4 WFIEREAS, pursuant to Resolution No. 82-119 the � � : N Board of County Commissioners of Pitkin County has chosen � y, a developer for employee housing at Silverking Phase IV; and f j WHEREAS, said developer and the Board of County �' � Commissioners desire the further formalization of development � arrangements for the Silverking Phase IV project. � NOW� THEREF�RE, BE IT RESOLVED BY THE BOARD OE i COUNTY COMMISSIONERS OF PITKIN COUNTY, COL�RADO, that the � +.:� , attached "Pre-Approval Agreement" with World Class Housing, � 1 � Inc. is approved, and the Chairwoman is authorized to execute ti same on behalf of Pitkin County. D L , APPROVED THIS � DAY OF JANUARY, 1983 AT .� � A SPECIAL MEETING HELD FOR SUCH PURPOSE. ,.�. �L �, SOARD OF COUNTY COMMISSIONERS " .A�'T�ST:"'•.° j OF PITKIN COUNTY, COI�ORADO �r y,' Q . �- F � ���� ,'' By: � `- '�':LedVa�9canT�n h ' oman 7 � ; �,Deguty C�erk and Recorder �.; � G�•(l.u.�•j�K, . � APPROVED AS TO FORM: - , ; � Wesley A Ligh ` � County ttorney � �: �,. t;-` i�_ fi _ � YFj S 'f ; 3 , -i- � 9 t � � � �:.,�>:,.a•� ;.. ` , - � . - ,4 � '� � � i t s ���,'�'.3'��i"��r�,.,`f7'`� rti..�'t � � 9:;;;,�;a.sar�a65i�...���sY .r..._�. . � . < ,`i�itw�eb¢s��?!:�'��"!��� � h3��m�� n ti;. . �vk�!.-,�'•r�_ J �r. .,,.� � � �l PRE-APPROVAL AGREEMENT 1` CA 2(83) ��!, THIS AGREEMENT, made and entered into this �gf �;' .�._ . . day of January, 1983, by anc� between the BOARD OF COUNTY COMMISSIONERS OF PITKIN COUNTY, COLORADO (hereinafter "County") , and WORLD CLASS HOUSING, INC., a Delaware corporation, licensed to do business in the State of r" Colorado (hereinafter "Developer") is upon the following � terms and conditions: WITNESSETH: � WHEREAS, the County intends to cause the construc- 1 1, tion of employee housing in Pitkin County; and �' ` 1 WHEREAS, the County is in the process of obtaining s 1 j certain lands, commonly known as Silverking Phase IV and t IParcels D, E and F (to be known as the "Site") to be more _ � particularly described at the time the Disposition and . Development Agreement is entered into, for the location i r and constxuction of employee housing; and ' s .K. WHEREAS, the County selected Centennial Partners Ltd. as the developer of employee housing on the Site ' pursuant to Resolution No. 82-119, and approves oP the E�� ��` � substitution of Centennial's assignee, World Class Housing, inc., as the Site's developer; and � WHEREAS, the County and the Developer recognize , that compliance with the General Submission procedures and i � requirements of the Pitkin County Land Use Code are a � condition precedent to executing a comprehensive contract r ,�{ s ; r�..�.',..,.,� i �r.._,',,�'.'�;_' � between the parties; and rti;r.'-_ i WEiEREAS, in the event that the General Submission • ��` -� k� . is approved under the Pitkin County Land Use Code, the ;`��. �� j County desires to convey the Site lands to the Developer :�,� � `s � for the purpose of constructing employee housing and to ��• { 4� enter into a Disposition and Development Agreement. �� :� �.� , ;:n � _� � •. °�r��a �,� �. . s:sY�;�i, ' .� / `_;: , .. a.. � � 1;,�-. ��C.c� � t��j� � ': }�•,�4�q � �Ys �7c �� y �t""{�+'.�� �D'>+j?e �xL." :.° i+ y� Y �Ary,7� '. s�'-lr;�".+� ���� fF �"��'1� ,�,w '1 a%�'$�� Y y,�';�r.�.f.. v� ,. ;s a �',"^. a�;�.�� .a�; "�'� ns�i,��.�H ,Y�t Y�. �'e�+�S .i.. ¢ .... wt �SF1�1 .-�- •,... ...�;�, i .-:.j ;;�� - 2 - . �J ut �� NOW, THEREFORE, in consideration of the above F� � recitals, the parties agree as follows: �;,;. � 1. Pre-Approval Commitment. Contingent upon the "s< County's approval of the Developer's General Submission, °�, �' ,Y �; F. __ : ,� the parties shall enter into a Disposition and Development y �: Agreement sabstantially in the form attached hereto as z� �` �: Exhibit A. '� .� � 2. General Submission Review. It is expressly �: '-! � understood by the parties that this pre-approval commit- � � ment shall not in any way bind thP County to approve the .� '° ; '� Developer's General Submission. The review of said ;�r�.% General Submission shall be conducted by the County in � � .:�:. ; strict accordance with the policies and procedures of the �` Pitkin County Land Use Code. � r '� � " IN WITNESS WHEREOF, the parties execute this agree- " :i i� g ment the day and year first set forth above. . � ' -�. BOARD OF COIINTY COMMISSIONERS OE_4_ITICIN COUNTY, COLORADO ! ''y� . �- , u, - �� � 1 �. '.V . ,.. � BY: ,1�� �Y Y� a�c T; Chai er n ' &. y'�+ � ��` �'�� �� e �i� • i.� �'.Lew Scanlan, Deputy Clerk ,,.,,.and Recorder r; .. � ��f,,, �.l _ `� APPROVED AS TO FORM: .� �; G ;7 esley A. Light � ' ���j County A torney ?>,�:` - �� ���„_,,.. �� -- WORLD CLASS O SI . ;4''.�v'�r � / i£: ;� ay; / � ATTES�: Bres� ent � � i i� J/� � � • � u F� G �� . \ :.� F � ��" _ �. � w.� �..�_.-- - ---- �, . _ :.;�1 ' i �i�'rl� ', r , i A}�. £{.r�1���c�'�+��'� �� 1�. 'f���.'y .1, ��µ �y4'� '�r��..., ' L `�'� ;y �� �"' Al rf � Te 1 c c h y�. (' 1„� ��'fr�j �i y fi A'7tt�'a ����4�� }�S{Y+ �pi�����] a � x� ,��r � �£ hi.� � : �Y � >.x1„� F� �, �y� r T tr xlt fx �(� � �3.'��F�''. i'rl tt�,'j, fC�. �\,e y vc � r ���1'k �,� �S'Ti�1F�'?r+�L'as rAtF't1 t�9'3l,}�,y- 1 �� S ��AJ�l�}y��y;F 1 y �. 3" rtu+� la��t'f- � �, � a� � �;���.41"r�t� ��.�. � a..*wf r 3�,�2 C k �a m�' �' ���� T�'a �`�a '` _�. : _ �r y ��'�'. ��.��:m�A i ... r�� ��e�.�:.:ax,�.ks�?� . � '�i'�.t&ss��. �r�,.,�:+:`�s. �.� :k. - -- � _ .'�°k;�t ,-> '�-� ���XNI/3l7 q,� � � s �� O1/18/82 „ DISPOSITION AND DEVELOPMENT AGREEMENT .�.�,` -�j� ,�. , THIS DISPOSITION AND DEVELOPMENT AGREEMENT (the �' "Agreement") is made and entered into by and between THE - BOARD OF COUNTY CQMMISSIONERS OF PITKIN COUNTY, COLORADO - - and WORLD CLASS HOUSING, INC., its successors or assigns. ��: � i%';?. WHEREAS, there is a recognized need and demand for �+:'� i;b' Employee Housing in Pitkin County, Colorado for permanent locaZ employees; and WHEREAS, it is the desire of the County to encour- ;-_:'-. >': � age the construction of housing to fill this shortfall; �"'. �; ` '� and � % �.;:L'4 4,:. �- WHEREAS, the County believes it is entitled to �-.;, approximatel 25.16 acres of land to ether with a r`"` ��� Y 9 PProx- „�: ,� j: �sf.; `s io-. , �` imately 1.05 acres that the County has acquired as a �� Y� i::. donee, to be collectiveZy known as the "Site" and more � �,';r �` particularly described in Attachment A to this Agreement; 1;:;; - ��. � and �=� G; _ �';< ;;'. �� . �; WAEREAS, tbe Site appears suitable for the con- �'� : f- � • struction of employee dwellings, and it is fn the �= interests of the County and of the health, safety, and (:_ ::� wel£are of its residents to construct Employee Housing on i= the Site; and ;�: �: -- f� y:': 'c: ,;..•,. t.� �""';'' N�i � .:,a�t}f. �:�,_ iy �y'w''.' . :.£: `:35e. .W±.a `n�� .........., _ �3��.3a.hr��' y>k'e . . � � �.�ya`'.?t � . . , � . � r_��•4 . - � .. . ., � • ���"`v � -- e,��, r,�., : �Ct�''.�,�,�.�� ��,�'as��.�;� ^�Y+,�K�� . f`S��� • i .���+'�� ,E?'� . �T,,�,�n�'� �:..n �:� � . ___ ..a ,, .�-.-�'�A� - . :;F..,^,,,���' . � � � � +ry ( �i � t�K-}�Y�, ., y � �N t r'" �' �q' S , tiy'_.. -. i ��j�I�'``�"�_i�yh"!i"' .,,, .�` ;q,b 7:.�'� -.� T��'�'i'h'��4 �. tN.��ht{�'�h � � '"�"A' ��a y �'�A�y�J 7 �p�{�3��.4r ��t y���ti ���,: y ��.�:.:�p.� y'�`,f��" � � ��K1 �?4.PLyrY,K : �.�� ,��"�.S'��� �Kr�r'�'� !�f'YCi �r � Y+'r. r ��. 'r * N�� �:>< .�5 i dI�`.w.`fz .h�i•. � i �i i, < '4�.� ! e�.H � t �.�- . t �. � 7 .� . . y � L ��.�.�.,�'Fi�r�'%. . . . �.� ���. .� t �.., . � r. � '� (� � - 2 - �i v :.`4: WHEREAS, on October 1, 1962, the County, selected, � F"s' through a competitive process, a development team headed �:';.'• �. � by Centennial Partners, Ltd., as the developer of Em- t � ployee Housing on the Site, with the intention that a --•*`. � development contract between the County and the developer � s: could follow in due course; and �� WHEREAS, on October 14, 1982, the County accepted � the Housing Authority's iecommendation that the County �;� k,'� enter into negotiations with Centennial Partners, Ltd., Ex F�' ` for development of the Site pursuant to Resolution - °� " No. 82-119; and �' . J � �,; WHEREAS, Wozld Class Aousing, Inc., the assignee �' ��: (�M1. i • of Centennial Partners, Ltd., has proposed to construct �.:s;� u�. �ti� - S housing that substantially fulfills requizements set ;r=°s: � �=� � i forth in the Request for Proposals issued by the Pitkin � . E' County Housing Authority on August 16, 1982; and � � �: WHEREAS, it is the County's desire and intention �n � t', �'� �`. that the Project shall proceed with World Class Housing, �' ��', ;4 Inc., its successors or assigns, as the exclusive devel- n �x; opec sho�ld the required land use approvals be granted; ��"- and is;' �� � �'; ; > �,:.. �,. '�; ` �� ���':; �+_:. ;1.� i�;= -- N , �-�.."�'°"`�'y�Z�,�. . `� -x. . __,—"—��!,ii4e+e�.R^W.A0.:!;L,i4Y"4F4'MrA'�"k..�X..'.� ��tlu�'�"�`" �': � . . '..ti.' . .. . , - ' . � . �� � � � . . ,.. ' ���✓�.� - � � � t � ' j��„�3 � ' . . " ._. �. , ' � ��, �'r, :a .4 . • - } V ' 'A AT,,.a ' .., , . �. . �•ei�: �_.� � ♦�� �i �x ,_ �k i�a� �'"4��'.``.•�r_.. . ti �4j :t.:,y=? '�`;��.� � f ..M�...��� . _ �X�� ,�jti'�� �i:✓ . _ .� __ __. � __ _ .�� ,, . ;;'',��, , _ .Y: _ ,� J �[•S.y,� `� ��' h�� d ' +?�h�i�,�,Y��s,�� ��7^4�. z�i�,�r;, .r.����4�� �a��r q%���r� Y�'��,S,Y'��i��G�+5��?t�� `��a t v,�r�•�ky,�•,r ��,yx fri r"4!�5��,{'Nr�l�ti - `^����,�.,f.,..� �;�..a�..7.�'=+��^»� �t��JL'":��r����������/LRa.. . . �.'�.�..si����f i ai; ka,� ;�� �� � � � � - 3 - WHEREAS, it is the current intent of the County �.�: and the Developer to use Benchmark Homes of Colorado or <:���' any of its subsidiaries as the prime contractor, and Moshe Safdie and Associates, Inc., as the architect for the PrOject; and ��,`�.` k:._ WIiEREAS, it is understood by both the County and ;='�; ,'�'�'' the Developer that, prior to the Commencement of Con- �' ��' struction on the Site, the Developer shall obtai❑ all necessary permits and comply with all pertinent regula- �'�_' �::•�: tions under the Pitkin County Land Use Code, including, - _ but not limited to the submissions required by Article 6 .1; � thereof; ��� � :: ,� �� ;�.. WfiEREAS, the County intends, and has intended in �v� �;�: � all of its preliminary discussions with those connected ��r�� �� k�� with the Project, that on or be£ore July 8, 1983, a de- p,s:. . �� veloper shall Commence Construction of Employee Housing ;�n �;, . �,lk, ..,�, on the Site; however, the County acknowledges that pur- ��'y: �r suant to litigation involving the Site the Commencement �n' � U: of Construction may be delayed past July 8, 1983; '_' 0 Q: f. NOW THEREFORE, in consideration of the mutua2 [: covenants herein contained, the parties hereto agree as ';, follows: � �: - �, ;<' t� - F {.tJ�_>: i,-�,,< -. ;•e�:: ___.�„„, --- --- -.. ��-"-- ----�-^'-'F".;,�:� . . . .. �r+A{e:.�..� . '� ��.�.�, ^Y , • ,.x . K R„t_:.'!;:'r.' � � � � � -.. . , . ��.,. . .�3 �a v�r ' ,,,�:� �`,a . ������ = - r�'a;,� .`3 '���� ,��,:��t ' `+R';!°:`.� . �-r"°{'"��+;y� ' � . ;p'L ,��r'-��,'�;1 {���� f-'^'�';x...':�:;, . ._. .�`,5����, ' — _ , �' ; �l�' r yr ^'` ` *�t'�' � ��f . . � �l� t�.f'M�'i„ a"��n ,�" A .^ 1�n��k.�' �'y;�r,f`�"'�f,��}��1���`"'�''n� {] ,�^ %� `�a Si�'� ,�cl��� � "'S... ry�e ,�� F�ti w;?sr S# itig mr1 ;�R�v*+m'.4 �'d1 '4s�'r. F�,.�•.�.1�F�Q�MS�������rqr. Xti7 f��w{9 I,}I� -��f .x�.:,.�^-��::.s;a..�,u�s� �s ai�`�,�- t,.,< <', �yi'ic;?... .. r� � :� � — 4 — � ARTICLE I — DEFINITIONS AND ATTACFiMENTS ,��y �`�i. , Section 1.01. Definitions. :i,.: As used in this Agreement; - (a) "BLM Parcel° means the Parcel described in Attachment C; -`� ' >:;': � (b) "Building Season" means the consecutive �*'� � months of the year that construction can reasonably be ?" accomplished in Pitkin County, Colorado; ;';�: (c) "Business Day" means any date on which the `�:: J:: offices of the County shall be open to the transaction of - -:-;{%?., normal business; � (d) "Certificate of Completion" means the cestif- ;' icate described in Section 2.05 of this Agreement; y E�?y�; � (e) "Code" means the Pitkin County Land Use Code ��K, �- :;�: .1 � of 1980, as amended, enacted pursuant to Colorado Law; "� � (f) "Commencement of Construction° or °Commence � �, Construction" means the good faith breaking of ground to ;� •0� .�. a substantial extent to facilitate construction by the � Developer of the improvements on the Site pursuant to � plans approved by the County; (g) "Conveyance" means the delivery of a deed for ' a parcel; sa ;��:":-��.: ;,:.;:;.= } . >; - ::i�:: L ,�' ' F,�, �i`�e:, . —.__—__ . .___ . . . . .. . .. +�,...�.-�----_-_ . - ... : � , 4. . - ' .... . ._ �:::� � .'�. � 'y•x'�:�� . . . � � � . ...... ,:A.;1 . � •* . t'-�A�'x' , ' . . � ' � , - �Ttil � A .'�,�i .. ._ . . _ . J :� . . �#4r.' � . . .. �Ki� � ... �� � ' . � .. �.��'G '� � . ��;r�.a� S�J �y ,4��3� _ , ' . .�w h'��'�` . ��`3`� �,�� ��.•::i :Y..-�.;a:.. :� . . `r . ;:;�'.. , , ':>�'::�°k:�, ,�;. __ . .� / { ..A.- 3�!� .. 3:. .. .�>, ,G, r '� .Sr]f't �� -� xis.A � i��,���,�K� �a..] R�E-l4"61+cn a '�"�.a°� ,�"�y �yJ.P�e���4�T.1���� ��• ��� � '� ��1 1 H x >.-�i' � x5 �" ' �+ c � �y:t��� ��-' �'M'��u'✓r�- `4'Sk a 3 ` r �4,�.K+r ���Fk�� �i .,�t t�k+ a ,iY:r'i�'`}�v- � r73�,f � ��� v . ."i�r3k� t ��.Ir �` k..' .i ��f_�.:�,. 1�r '�� �A t� l r i.�F a � f £ .y ��,a�r� �.:F'�[�'�'1 k �r � w�t �?��r. i;��,�y � Y-�:: � �,y;, .i�;3a1` �` �,^ ......�� ��5 � F `t t. k 4'. xj'.:. . _4 � �_,�.:::.�� :r�..�.._c+ �i h'' �¢ � F�• r 1f; - 5 - (h) "County" means Pitkin County, Colorado acting i�f< y through the Board of County Commissioners of Pitkin �'��' �,.` i .. County; (i) "Detailed Submission" means the application ' requited of the Developer pursuant to � 6-4 of the Code; w�t. (j) "Developer" means World Class Housing, inc., ���;' � a Delaware corporation, its assignees or successors; � (k) "Development" means the construction of all 3a >-2I improvements necessary to r�ceive a Certificate of Completion; - :g (1) "Employee Housing" means housing that com- ^� .� plies with the Qualification Guidelines; (m) "General Submission" means the application �:`, � required of the Developer pursuant to § 6-3 of the Code, ";� • � �YY`, prior to the Detailed Submission, which must be filed in �� order to obtain subdivision and PUD approval and PMH zon- ' s: ing for the Project; 1�'' - � (n} "Holder" in reference to a mortgage includes �` � any insuror or guarantor of any obligation or condition � secured by such mortgage; �; ^ ,:; (o) "Interior Residential Space" means the use- able living area of all habitable dwellings, excluding � � I - I r � ' `�� , }1+J ! `� �i�� t �__.....___ .___._.... �'�..rr+.�C'.._'�.a..w;es� ..�vs.<ser�µ'�3°+ � 4 �..5 � ... �. - - . � ����������h� , . ti�M� � � . . � ^ � . . y��� �. `:L'.. . � . .- . .. . _ .'� � . .... _ � . s�� °� � . . � - . '#"�`*�`.' �k�;�� �"``�-�� . i��� .. " j . 'i�E�j.r f.�:.-�. .�t 4mF� �,'*;M1;`;.�^� �;:,,. _ __ ..�.� _ _ ` . ,:,�:::;'. ' -,`,'';��. ' _ �' � ^" � i � Yk� '� 4;����i t �s-t�,`�r F� L. f, kt 4k ' , � 5., h _.��,', e,� r,�'' y �l ra: � � < ��''+.�,. �1�P- ^�f� � J���i��� -��;3°�� � . nylt�, � . ...�.'��t.� ,, � E `� e3 � e�p.�u 1 .�.�is>�+f.nk t���"�' _ �,�C �-� � ex,.�.s � Y �L j�!' t '�,i �f,���, � �„ �. ,x'�,i._. Y ( �.�v"Q'�e'����'f�rd�i�7:1Fd1"'���y7t.:.�.�!e.._:1�+.JJt..�.. z a• . 'Ol�S�r. �"�, .;. � S'`' �??:.�.;:. .� g� f Y � _ 6 _ � exterior hallways, stairwells, and areas of public in- _`;: i:` � gress or egress. Such interior residential space is �w: `� measured from interior wall to interior wall; �• ' � (p) "Mortgage" includes a deed of trust or other instrument creating an encumbrance or lien upon the Site, or any part thereof, or any improvements thereon, as Z.:, security for a loan; ��e' ,j (q) "Off-Site Improvements" mean those public � utilities, roads, bridges and other public services and � amenities that serve the Project, to the extent that they :� are contained outside the boundaries of the Site; � (r) "Parcel" means any separately described, .�'?� titled and deeded interest in real estate, in, over and � under land; �.�i (s) "PMH Zoning" means the zoning district la- �s' . ;v . beled Permanent Moderate Housing desctibed at § 3-1.7 of �. ' the Code; (t) "Project" means the Site and all improvements I " �f; i�� upon it; except that for purposes of � 103(b) (4) (Aj and � 103A of the Internal Revenue Code, the Project shall consist of two separately financed and distinct projects, s�:�� one in which substantially all of the units are for rent � ` and the other in which substantially all of the units are i t Eor sa7.e; �. M 'F,. ��ry__'- ( -jh '1 �.� y F`.� .' �------- ;. . ---- --�:-�'-�.......-n�... . .� _ � .....�, :. .. . . . _ . . � � .. , ..��•��7h�'h . � . . � �^:5.;•` - .Nh � . . � � - � . . � . - ;�� � ..?*,'� . � � . . . � �. . . ' . �»� .2:� ' . . . - � .• � . .��' p . . . �-, . �,, . � 5��: � � . „ � . . n ���� ����n'�� - � . . ' � �L'�V�,') . . � . ��5 '�r� . • � ,4 ,. �,'�'� � ,w� 3,r.•, f'^w'' �.� :,-'s�.' �� . . �_ _ `�, � . ; ;<;: ' , . :::,-�-� .�, :.,'-; -��a{ � _ 5s LI t)}�.:'� �$'1 '� S 1 IY' -'t ..e'I ) M ��r. .' ..�Y"'S,�& -��.l 4 ti.�Fv �� y`t�}�♦ r . .eiJ r Lj.��ta���Y"3't�n�'S . •'9 Y[i. S � S � t S .y� �1�.. � t 4�i? .L+ 4'+�r 1 ���}. � k: t +i� !,�- � t $.o rS h i s l�+=" �����"�,.����k�"n s�d'1'i'`c �v�tt-rr4«i5 f}�`.Nq��z �f.�� t���y ��. (: � `', �!s,,�, w..�=.'�;:�s� �.a ��"�' �'.�5_.r3a�. .:a�k73. `3��:r:�' ,a�A�..�slt����+T-r�'t t CFT.�:\._';.:. � � ��1 — ,' � P!` � • (u) "PUD" means Planned Unit Development, a pro- � cedure which allows variance from strict adherence to the �z�':... � Code's area and bulk requirements, described at § 3-7 of E ;� . � ,;:; � the Code; (v) "Qualification Guidelines" means the Resolu- tion of the Board of Commissioners of the Pitkin County ' ! �,;;. u;�. Housing Authority Establishing the 1982 Housing Authority �`.�' � Qualifications and Guidelines for Low, Moderate and �t Middle Income Ownership and Rental Housing Projects, Resolution No. 82-39, contained in Attachment B; or any ` resolution modifying, amending or replacing Resolution No. 82-39. r � � (w) "Recreational Facilities" means volleyball _ courts and other playing fields for the residents of the � :FY [r" "� Project; this term specifically excludes swimming pools, �`� '�: y. tennis courts and indoor recreational facilities; � p �S �� ,� (x) "Rental Units" means those dwellings within � � the Project that are to be held out for lease under the .�: ���` Qualification Guidelines, and whose construction may be _=�i; �. financed by mortgage loans or tax-exempt financing pur- "` �� suant to § 103(b) (4) (A) of the Internal Revenue Code; �� � (y) "Sale Units" means those dwellings within the Project that are to be held out for sale under the Quali- fication Guidelines, and whose construction may be � K �:� . ;dv�':' .. ..A� :.. f ' , 1 ...__--�..,r++mrq1"a�YnwY±v?�Mx+-�.w.�.ww..'^��_____....'"""'"' , �... cn�+�;.+v,��eN��L.l� .' .. �.. _..—_ -�t. � . - ri'„ L�'R,y .- . ����. ,�s;� . . • ^� s;�fi' a . . . `Y �`4 ' _. � i� :�. "`s.-.::�� _,'.,�'.�'°,lr(,�:.i;?;y y �Ki�� ���'�l" y • I � I . r�f ��..qi . � � �^,(.;,'.�°;'� _ 't. • ,';`^a,'t� �- � ;:4...�}�� f".�'� �� � �'/ , ' ;`v�x�f��s�s����4s,�` i�`' I r'��.i p y=a�t��r��'��r�yr., ���" �a �,� .1 �F h t . -Y �x s��.�'.4���p t ��'�: 1�!���� , � ���',R �i4 i'_�sr�+�7�!°`^::;�.�4EV`:�� §�`'�"'�'t�. '�`1 t=s��":E6qr.a9."kk�1P1;���. �!.,- �•�. :`Vaa� � ��{ � �� ' � $ — � financed by mortgage loans or tax-exempt financing pur- suant to § 103A pf the internal Revenue Code; �� � (z) "Site" means all of the Parcels described in � .:A Attachment A; y (aa) "Title to the Site" means no less than title � to each and every Parcel within the Site. ',� `- t� i�G: r�,�-�, Section i.02. Attachments. �',_ f�; �=z All of the Attachments to this Agteement are !'�' hereby incorporated by refexence in this Agreement and t`�;s; shall, together with this Agreement, be deemed to be one ;.;:; �t and the same instrument. �'' � : • �k lj, .:��r �t.v. t,: r.,. y ARTICLE II OBLIGATIONS OF THE COUNTY ��• r� Y�� . {_rf{ �'' Section 2.01. Conveyance of Property. `'� ' g�;= . r,+r � (a) it is acknowledged by the parties that, as of �� ��� �� the effective date of this Agreement the County does not �� • k �y�li,. ' j;:,� � have title to every Parcel within the Site and that the �, _ �s=: :5` County is presently a party to a lawsuit to obtain title �k k�� 2= to approximately 25.16 acres of the Site. The County ��`: shall use its best efforts to procure Title to the Y Site. i � �i� 1' r i� - 't� ;' ' -_ E '^'�',' F...,l. ,' _____'_.'�i!'M7!Yw.K..'.?�3e°!yp.y�r�'n""_"___-.—_._'._—_�.,..�.�.--___...'_'�� s ;_ �. - . . . �����r . . . `�.�`i<-'.c - . . . . . -. ' . . . k.;...y;�� . � . . . „ �r�r'r` - _ . . ��,�i�;��.4 x �?+� •� � � . . - .. s�'-�.� . . . . ����'� � � ,-i,�x;;�,� .a��; ,k�. � ��'a a_ ,�.�a }'�;i�- :a : , ° . � ;�==t; � � �/ �-�fy Yr'�'�.�,.1 } ;' � ..,Y�( �1y >`;Si�1NW.�f\ '_ ` ��"�� � - � � �p��b �j( �S C�' � S:�j �' P �fRY`�� . �. . � i� �s ��ey�'�"^^�r�r'.'�r7.*q✓n�`A1 � � ��(�t�+{+3�.,1'3� ti�.R5�"C� �y� �N j 7�` : � '"'��~ �r� t IY l P`.X ��rp l..� '� 1.. (.' s `.i X a�� k .�'i �n} r n����`� i4��� k r!t { p � r ���n_„ti�:-..�;'..rkiWPJS�titlb��1'ti+2.f."4 ��i:J�'°rt?l�l.�r'�±.!: . .. w.�::��:v�'�c:.`�p r-�v .. 4y �.`� `:� - 9 - �� e (b) Upon receiving Title to the Site, the County ''�' �. •ry. k�;y � '�yy sha11 give written notice of this fact to the Devel- ` � � oper. Not later than seventy-five (75) Business Days � F � after the Developer has zeceived written no'tice that the � _ � County has obtained Title to the Sike, the Developer � � shall, at its own cost and expense, provide, or cause to �_" � be provided, to the County a title report for the Site. �' � Si:' The Developer sha11 simultaneously notify the County of its objections, if any, to (1) every defect in title dis- 5�=-'= closed by the report for any Parcel contained in the Site ; which would render said title unmerchantable in the � :;: � opinion of Developer's counsel; and (2) every easement � disclosed by the =eport that will impede the Development � of the Project. Failuxe of the Developer to object to a - � �� � defect of title or an easement that impedes Development ;` shall be deemed to constitute acceptance of such defect � i�. or easement. The County shall have an opportunity, prior - �': to the Conveyance of any Parcel to the Developer, to cure any defect of title and remedy any easement impeding f;`' Developnent to whioh the Developet has objectec3. Not- ,� �:. . a` withstanding the provisions of subsection (c) of this Section 2.01, the County shall not be required to convey �'�`` any Parcel to the Developer until the County has had a reasonable opportunity to cure such defect of title and = j h! - " ': ; ,' �� � }.�,'. :,�.. ii• � ", . __--"..__.._ ....._._._---.....-�....... _�-^�-..-:.�.,..�-f �e.,{x ... �. .+t:w.�.�!a�.�.+. . .. ., #apl�4'`��.'i�:�. . :y".�a - . � �. � . �,.�'' ��ny � '�.�?;=�` . � ."r '4t";,''v'r . . . ��?v,� -s5 . a r S,��? .. . .. ��� ..� � � - .. . . ibv'�4 r .�. . . . ""�?�=-�'`=:4 . ;�"=iti;,r:;,)y � :�!.:a':,c. .r��.�'�•� .,. ,_��r,,z:`;`=� :,.,,„ .i-+�";r'tx.s%�;;�:.ii . . r='.:F ���;:1 . 7 t��yl � � � - .7��r�::� »� d ��J a 4,.� ��.�; �� ��.___ _ �._._�.__ — _ -- �� �.�,.m , . ;,v��;i, ' , � { �.� o-)��� � aA" � � Y�h"bAi 1Z?� �r� � k�.�.�i��"a .-,� `."` !k �jk' „9 .r ;� ,�.'+, t t 3 � �[�t �2.�,��' i�., ��a�E i� ��'+�It•�r � �����;����� : � `�'R`��v' �2Wf`'.S'Sµ�rt,!' ;jt a.�t dtl. fi [ .i� '�1��� a�•+�e xf7 i� 3 ���ih V��-� .Y��y v� }�� J( � , �4/i�v< -c�v 1� C p �y j r YF�V���i S' et; M "W �r-� Y� 14 r � � � �r �s �i'r�f�H Jt �� _,�., �,�`-?�w�a...: 1 if"�"'ti'��,"���,. ���.tia-��s`klT�'. � . ww�3-��'r�' __ ' ,a.4*�r3,'�,,`4�+.x��✓" ..t�• .,,.%,�-r'�..:. .. 7�'x :y� r� � t • — 1� — � � .. i such impeding easement. If the County is unwilling or �-� � unable to cure any defect of title and remedy any imped- ''�/ .. ing easement to which the Developer has objected, the -�;`?��,.,i; , �' t Developer shall have the opportunity to cure such defect and remedy such impeding easement. If the Developer is � 1- �` _ unable or unwilling to efFect a cure or remedy, the De- �;'�' , ��r f; veloper shall either terminate this Agreement pursuant to �'` � i;Y t - the provisions of Section 5.01(b) or warrant to hold the E�:`: County harmless from any such @efect of title or impeding ,• i 1,:_ easement and demand conveyance of the Site. �`;;�; ' ;`� r ; ; (c) The County shall convey to the Developer fee '�`� � simple title to each Parcel in the Site by special war- �� � ranty deed. Such Conveyance and title shall be subject � � , `" to: (1) Such easements as may appear in the title �t''� 4" �L�;` ' � report required pursuant to sebsection (b) of this �'��� ., `�r F�..' Section 2.01 and are not objected to by the Developer �` -4;:,; �� �:��` F� pursuant to the provisions oP such subsection. �;5 . sY�; �. (2) Sach other easements, as are necessary to r�; �' provide sewer, water, gas, telephone, electricity, and � (: y other utility services and do not impair or impede the :. �; Development of the Project by the Developer or the in- r� [�. tended use thereof; ]�'4' iL•:, � _ 4• ?. 'sC: " 'f%� ,; h� (`` T 6a �rY. �'y;��:,� r�:;+�:i. . y,.?, --- —...H � �;v .. . ---�-----�+�n..�.�,�,�,K;a.�.rw+�>�sw,...,�.�.�.•--------.__ _ _ .� x,w:�+-x�.-���:: �� � � � � . . . .. . . . � . '..n, �'�� '' `J .I �'2 �. ' . � ' � " � ♦ . � A ��r�.,w4.� ' . . ' - . . .. ... . � � �G,i�� ��� . . .. . .. . �.,�;;�:a ,. - if� r !^`'� .; . •€'�i�:� ,.7_�.g F-`��i., ' � . { . t � s�.�i i+.•.kS�^Q``� . -� •i�„ry ��s� w, �_�__ _ ,�r . .r ra�.., � .g�, ' �+a� � i ,,Lt tlr�n.�' �r, rv..� r i;; ,Pk�rw:YEf: ' 3-'F r,�n�u� ' ��`''�'P a ����� �Y'{ °�Y�4-.-� y sf^'�'� '�'��F��"x�-[:S�tt.4��� ni` �+���`�,°ry.iL � S{„�;�1� � i n 5 - *'�� r �r d rt���H'S F �`ar, !p� � i ti. t ?:� �ww.�� �' �'��s 6:�''.,i, ! .�a;#��.,,, r`C4��j�.'�"FC„ � „ .,;.i1 � . ''��. '�cti.� • • � ^,,., ;, � � • - 11 - �� ' ; � (3) Applicable building and zoning � 4', b regulations; ;�.°:>•" � (4) A restriction, as a covenant running with � the land, that all Sale and Rental Units on the Site owned by the Developer, or its successors or assigns • �: shall conform to the County's requirements for sale and �� rental of housing under Qualification Guidelines for �'�� � -r: � twenty years from the date of record on which the County :-f � conveyed the Site to the Developer; (5) A restriction, as a covenant running with '}�. the land, arising upon the date of record on which the •'*' County conveyed the Site to the Developer and expiring _ �'-� h,.;: � twenty years thereafter, that the Developer shall not convey any Sale Unit, unless the deed thereto contains a �, ;=� restriction, as a covenant rurming saith the land, that ,;3; �w :4 the Sale Unit's resale price and the qualifications of " � the vendee shall conform to the Qualification Guidelines; (6) A restriction, as a covenant running with `�=? �,; the land, that housing on the Site shall not exceed �. 170,000 square feet of Interior Residential Space for '� '� . t: twenty (20) years fcom the date of record on which the County conveyed the Site to the Developer; � (7) A restriction, as a covenant running with r the land, arising upon the issuance of the Certificate of � �;'f a.;;'° ----------.,..�.�,,..e.........,............-�-------------___ ,_..�........_._ __ -�.,;w,e„�,y e� ,`� _ ��`;�•,�i+.�: ,-�:�+�r•i ' . .:, iC;;a,?�::;;,�� . 3z"T`� _ ,�, � ; �i �� `� " �a,.;.- . ar�!ur°:,.'. . ._ _ � r 43 I� '4w;tN ..._ I . ��t:�S��'i�_yA�1 . . �������} . . . . ���.,� . . � . ���racf :iti ' w� ��r�x �;r'3=;�=:�a �., _... •.'�;' ,, . ;;-'�:%�:�; ' , � t_ , �:� �'6�,y� c: � . t : i P� ''.,�2? 3"$.�,u�+�,�, ,. ru S$ M� � ,. � >rn�StrN, .� o .� � .,ti hr<V��I. -+�'.��. C�a5. 3''ne2F�'..'�b tu a fa� XFFr�,� ��"i f G>j1 r�� ti� : c u��i F �5 {7• ���' �c�:' {�1 t4' � -.�`.�' .4�[�r T ,.�5 f�t. y . �A��;j�- �i�,�t' .�+`-.r�,� � .'�W���r+.;`Ar},f,isJ,,1..�5js'�''�" }�4'• ��+� i ��n ..t ;�t ct:._� . ztsL•'"+.0 t,..,r !'J3 �ii rr322� �'�ytic�i� �9 M�'i`''i - . � � - 12 - � ` � 3 Completion, and expiring twenty years thereafter, that � }',` the County shall hold a right of first refusal to pur- Y'-� ` �� chase the Project (excluding those Sale Units no lonqer t' �4n.`.� owned by the vendor) from the venc�or of cecord (sometimes 1.-'.`:= ;i�? referred to as the "vendor"j. Sezbsequent to the issuance of the Certification of Completion, if the vendor of rec- �'�� ii:i � ord obtains one or moze offers from bona fide purchasers � for value, it shall not accept any such offer, but in- ,� stead, the vendor sha11 give the County written notice � setting forth the terms and conditions pursuant to which it intends to sell its interest. If the County fails to �:� notify the vendor of record in writing of its intent to exercise its right of Pirst refusal within thirty (30) � Business Days after receiving the vendor's notice, the � � vendor may accept any offer received prior to or subse- {- quent to its notice to the County; however, within the twenty year period described in this subsection (c) (7) of Section 2.01, the County shall continue to hold its right # of first refusal as to every subsequent vendor of reo- ,;s- .�, ord. if the vendor receives timely notice of the .'� � County's intent to exercise its right of first refusal, � � then for aa additional sixty (b0) Busireess Days from the � vendor's receipt of the County's notice of its intent to � exercise the right of first refusal the vendor shall not n�<:?: �'^�:: �:?�1:' �-i; � � '_'_.__—_"' .. . .---++�w�.....r.--............ .__.___'"_'""_�—__-...�...........-... - .. . . _ .'.._""",c„'§?:�e'pYr� . S��°��'�"+r.� fi °a. -�`'"� ' . �i.;a��", •: �' ,�;r ��� , ' . �,�s' .,;� ��k�;� . �_ ..1':r,7=:i�e:.;;-v . . ��;j:;=;y.�`� ������'3 .!,�`=siti �.,_,�� • . . .F�,�1i''•� , . 's r:i j.� �'...�_..�../p y�"'{'! � .'..!.`^!?.1:� _:�1� :::J . _ __ �.. �_ - ---.��.��.���...�.r. .�_�.. ,, � .��.';' ";�?=:1, � , , - , �. Ztl r��'��#��"'�Y�� ',�}F � . t��Ay,�.,,,�3'��`�t 'f �'�� . .. rtiikt�,�*r {"` � � - � . �3 �n '� j�� � 24�. '�'r9�S.:Y" 5 . "s,�jS�;J;I 'tT 7 S H f� 1 � F`u � ty' � �' r y �t� �� r 74�'`Y• � °r,F . r,�.r!�F �n 1�; t }�.�4 �,�,���� t�) �<�,'��4'it�.,� Yl!1.�{� � t�'c � �J°�� e i �� � �,yj��a 9�t.,y Ya. f y t�, ^f tri'j.j 1� ✓Y i,. . �.'? ��3C�1L':�`s.....�iS71"r7..:. '�R�.�5'M1�'AN�I '�.LR.S3i�.-�:L�'..vi,._�.1c, ��.+.,��'� ��.'ti:.�wH .3 . .r{> r. ��..�?.. . 9yq ; � � - 13 - � � , accept any offer for the Pcoject. On ot before the last �� day of such additional sixty (60) Business Days, the i'�`� ��.fi.... z County sha11 (a) take whatever actions are required by � _ law to seek approval of the County's purchase of the �'•', Projecf at the highest price containe8 in the vendor's _ notice to the County of its intent to se11 the Project; ° �:,� (b) make a final determination, pursuant to the procedure ;,�; �4=; required under the immediately preceeding clause, that - 1_ such approval of the County's purchase of the Project has r been or has not t�een obtained; and (c) give notice to the vendor that such appioval has been or has not been ob- ` " r;y tained. If the approval has not been obtained, the ven- � � ���, .� dot shall be free to accept any offer for the Project �:�i ;;:�r_ °'-, from any bona fide purchaser for value; however, within �,. ��.; the twenty (20) year period described in this subsection ' � ,'. y i. �_ (c) (7) of Section 2.01, the County shall continue to hold t �; , $;:; ��`;; its right of first refusal as to every subsequent vendor �'r= �:,'r:' of reco�d. If the approval has been obtained, a contract "'•' - ?:• �;; shall be signed between the vendor and the County within x ' ` thirty (30) Business Days after the vendor's receipt of �i- ' r k': I�'�` the County's notice that it has obtained approval to �i�� �; � P '� ' � purchase the Ptoject. Closing shall occur within thirty $ � �,,.? (30) Business Days of the signing of the contract; and c;�-; ��, �{,'. k �}.` 1".' I"�' � ._ ��. ��:: tj.�".^�. ;� . , i.<;a:.- � . .. -____�----------�- -�----.._.___.. �.....---...--�-�»>. _ . . —�-�...�.�,�•..aaw.:..w.;�+.�arz-..�..u..W.. . +c�.-„47�'b.,�n .0 t:t[ -. �'.y�"iI ^`F�S 4wM`"`F"k„ �,1'�^""�.... . . . 'x-�/���i . �:y . +.-`Si?;;�. - � . ` . •: - . "`s-1':'>i�: � � ._. .. .. . u -C�k 'µ ��/�T�` .'� . ' ... �. ) ,�1 �i�1�r`." ;:� �� ;�'a�;� ����� . ,�.wt. n�,�:���� S.� ,. � , (j . �� `•, .'f� � [� �.�y���� �1���..:''4�5. M �. �.,y;l ��� . ..�( , `41'�`i�� '.�� . ., .. t i..� � � yr f" �.�`� �la'��� 5�1.. E N 1x�'S� i'{ �s��� �ArAti'� . "(t,�' 7 T 'a� r;sn .�# � �s & �� %;,:Y �-�..a} � �i �, �'}ys r s�� = yrf ��: �}� �z �•a� , �7_.,,,r ri �'�,•� 4� �'��"�..a�i��C��"� �» , r r �. �' � �, %���<`���:���....�.�;�`"��,:d•.n'��,�3 ��,�.,uu"`°• .r , ;�. .. . :���� �� � - 14 - t�4 � , � (8) A restriction, as a covenant running with ,, � the land, arising ten years after the issuance of the !'�`;,;: !�.;:>••. � Certificate of Completion and expiring ten years there- after, that the County shall hold the right to initiate � the purchase of the Projeat (excluding those Sale Units • .� no longez owned by the vendor of record} from the vendor �- f ��:�. of record (sometimes referred to as the "vendor") and re- _�; �r quire the vendor to convey the Project to the County at a j���f ;:.;; price to be determined as follows: Within sixty (60) {,;; Business Days of givinq notice of its intent to purchase, the County shall o6tain, at its expense, and pcovide to `' . �': the vendor of record an appraised price for the Proj- _ � ',L` �+: ect. Within sixty (60) Business Days of the vendor's t _� � receipt of the County's appraisal, the vendor of record �� �.r: � shall give notice that the vendor accepts the County's f':v � appraised price or objects to it. Untimely notice shall � �3 constitute acceptance of the County's app=aised price as %� 11^ �1y" the purchase price. If the vendor of record makes a �1,F ,; !:°�; timely objection to the County's appraised price, then ��;.� �' �n. within sixty (60) Business Days from the County's receipt -,ry.'; �'� , of the vendor's objection, the vendor shall obtain, at M�; its expense, and provide to the County an appraised price � fot the P=oject. The vendos's appraised price shall be � used as the purchase price, unless the vendor's appraised $ �'.., � F;�;T - � ---------._._....,.,....M..,�._...�_..—..- ...,.-- _-----_..,.�..�.�:..,,,, ' u����:�,� .. , ��s_ : t, ��'.�::M.r� ` .4,�. :� , . . ��f n - • . A ?�.�..'::,.';� . � . .. , �� '� . fi�� t c',) � ', .-. �.� ' .. � . - . . 3,cYi�I T �1) . �. 1 : -:�t s.,: ,, p•q, "a� . . . - . F�+`m;i;���':� . .s.% � ��T���g . ,��3t�^' � ��Y% �1��� ;!y�'1.. . . ��,h�.,� Ff�6:. �::J ___.__.._.��._ : � ;:�;..'�+�' • - �'�'j",4 yi•�v� � � � � S i . '�` �Zl 7aW iwY."S�t� �:{��„ ��t' �Cc��3c �.' n�n*�4.k.�2�'' ' a. �� �, a� � �f i ,y �� fiQ '`�.n� C°t 6 i� �A hU� iJ�SK� �7�� � .. ;:��,S��i, '� '��`,���'�#�����r'���r��" � i r. � i r `u+,�'jt?�S i �'iY'.�r �e Y� 4�' �,,y`' +4 �� tn �� � jt�f,+lr�i� �Y�k a'µ<r�.k��' K "'�,.��r_;.t ,°�"�d '>�wnL._f��'..:_... da,:�'�ik'�r.''t r`�i�i,�a�qu�,�y,'4'�' � �' ��:, t: Si � "'� , � - 15 - � • :,; . price is less than the County's appraised price, in which ;; � case the Count 's a raised 4`�" ' y pp price shall be the purchase � . price; or unless within sixty (60) Business Days from the !� � County's receipt of the vendor's appraised price, the vendor teceives notice of the County's objection. If such objection is raised in a timely fashion, then within •;��` f��, � a reasonable time thereafte=, the County's appraiser and ' � the Developer's appraiser shall mutually agree on a third `i appraiser to be paid equally by the County and the ven- dor, whose appraised price for the Project shall be the pucchase price. Each appraiser appointed pursuant to � � this subsection shall be a member of the American Insti- _ r-: � tute of Real Estate Appraisers (M.A.I.) or if such orqa- � nization is not then in existence, a member of the most �, � '� prominent professional association of real estate ap- r-x: ". � ''' praisers. Each appraisal undertaken pursuant to this `1> ;fi s�> subsection shall reflect in its valuation the economic ,z: effect of the covenants contained in subsections (c) (4), `i1 �'a `+`�: (5) and (6) of this Section 2.01. Closing shall occur ��' ;z. within sixty (60) Business Days after a purchase price s�:` < has been determined by the method in this subsection. The vendor of record shall notify the County in writing when one (1) year remains to exercise its ri9hts to ini- ;�.:<' . tiate the purchase of the Project. In the event that :?:;.r'.:.:. i� . � (i=t'ti`:t'. ;"7;,• C . .i2`i�.� ' ...__—'___..__-. —,-.�...�-,�.w...:n�+..r��,....w......_,.-. •. .__'— :-.ax .Y . ......... x. ... 3Yi�L4��'SP�c'3.� 'h, �. . �� e' . . . . . . . � '� �Y 1 �, :T�.�' . . . � . ', . - ,'= �,y - � . . ��7 � :. . . . �� � . ._ � .�n`� :a .. . � ���y�� .y - � . � �\' °�e�."'�� . � ..���''� r��,�.� :>���'� . . �-;�;.+�,� • N._y ;' � .�j ���.:����� . 'S:_ -',%J � _ �, . -';�_u;: ' , r . M ,�`��' �.� . . y t p'�l�r��T iif+y'�,'�"�. '4'1'., �'-:�S -_.: 1�9.J t5!F.r f - .. ���li-t�g�'N,l�h f Trt���6'4�j�t J R 3� --•1'W, 3 � 1/�K�?jYg ;4.# �^..�� V3�F�' � � y .:� � ,�,r'���,,� ,,. . tt f� r'`r1r � t�,'�+ ��k -1`.fi h.CS, �� ��_ a �t�.}.s � �����.B:,F:'�.r�.s..y'£�� ?"E'+'�..�t'",~ u�j����s�ti�at��ii�.���Sr�t'J3 �t; �r.�r.1 �� '� " �''�+�+ �.�� ,ro'i' �^{/ _t�S.'�_.:.a-�tv.�ite:�;6a� ..'� �1.,_.�.._ y ,�. `sb . ....�:r_..�.. _ ,t+',t i.��:'. �'.t''' .. - 16 - said vendor does not provide such timely written notice, ;:� ���. the right to initiate the purchase shall extend until one ' ,.•• ��� '•` : .: (1) year after such written notice is given. ;•� �� :� . (d) The County shall convey title to all Parcels within the Site so that title to each Parcel shall be good of record, merchantable and insurable, and free of liens and encumbrances, except for the easements, cove- nants and restrictions set forth above in Subsection (c) of this Section 2.01. Each Parcel shall also be conveyed free of any possession or right of possession by any per- son other than the Developer. i-:. - �`�� (e) The County shall receive as consideration for �:; �i conveying the Site the Developer's obligation to construct the Employee Housing as described in Section 3.01. Gene- ;�: ral taxes for the year of closing, based on the most re- cent levy and the most recent assessment, prepaid rents, � and water and sewer rents, if any, shall be apportioned to the date of delivery of the deed. The deed and this �� � Agreement shall be tecorded among the land records of Pitkin County, Colorado. �� Section 2.02. Costs Allocable to the County. t{�' (a) The County shall, without expense to the De- veloper, (1) upgrade or cause to be upgraded, to the ex- { tent necessary, if at all, every public road contiguous � t} ;a'.- =��:- r,l,tr- .�t::.- ��� _—�_.___.-------"'.:+.+a-��u�u++.Frix..�e................ —_� -- -'^^+ . . � ^ ..r-.�a > _ . . . '�."�'�dfF���' ' ;;+ . . � . . � - � :r � , �'ShS�L-' •. N��,}i ' .r` .�. � , _ , ' . o� -'�a:y � I . ��.� � .. � � .. .:i<'S'.r:;`;�� . . 1.?�'S�:�.i.:�- . °...: . ei�.: . . . . . �L S':�j � . . . . F bwra t3 �^�S,� • �:::-��.� � � i ,; '•:,�;:�i �� �?�;,K;%�:�.,�a �='�, �I�r.� ,; � ;:�;r , , �;:-�snt; � � S �5�"'�,,y )))� :: .{ A �k �`7 fi �0. /'.' , [fi"Ale'+�2,l ��{.Y���C < kr'���� ai! ���*y�''aj�t�Y'�M�7� : iX r;rtii;� Y� �e'{�,�� ��t'Y" Y �f�,�y . . r K : �tP '7 '��c�� z r'� y y � ,,;� Y} r ls.. �'�,a''�' a��t r �y cer+�/` �K� ♦�'4'��'a� n�'���;� �� �ht ` �} �� i� � .�,�.x;ttii, �x'�,. .��if��,.��R*�+���;.?" �5��4 .�: 1as`�i�'�� ., . r� 6i-< ��. r�i � ` � ' 17 — � , with the Site; and (2) construct any public road under 'ix;; the County's jurisdiction necessary to the Project which k�;,:s:" ` � shall serve as a means of ingress or egress to or from , the Project. For purposes of the first sentence of this subsection, "upgrade" shall mean improvement to any f''���: public road so that Development of the Project may �3 �:�:: r.:, 3� 7:'; reasonably occur. The County shall do any upgrading it �:r,_ fY deems necessary prior to Commencement of Construction. F'z>� Any failure by the County to complete such upgrading shall not cause any delay in or the denial of County approval for any submission required by the Code. Any ��s; `r; improvements performed on public roads described in this �;: � subsection shall not be at the expense of the �..;s; �• Developer. �'�'' �' (b) The County shall accept dedication of and �"' '. I:: k�:{: r' maintain to the same extent as in the rest of the County, �:�.`: ,�::�. `• � �i;�;: 4�r pursuant to Q 5-501 of the Code, any public roads running ;;,,4.. `�,,i y, through the Project. The County shall also accept a � dedication of an ark situated within the Pro ect �=��� Y P ] ,`;�_ �... 1:;: contained in the final plat. The County shall reimburse �: •% the Developer for any and all dedication fees in connec- ���':' $., F� tion with such roads and park. Responsibility for �� maintenance fees with respect to any such park shall be �: allocated between the p�rties as determined pursuant to �: �: subsection (b) of Section 6.01. - r�' ' ` i,� �:',. �_?� � ��{. '.' :T�'. .._------�...-....--- — --- --__--�—---�--_._.-..__ — �----- .+,r+.c.,ewn .: _ . - . � _ .. . ��;��f:.�. . �.� �,� � � . . .. ' . . ' . ' a . ,� . ,"k�fi.:.��� . . . . .5�:'jYy.�:;�,� . ' . •�� . �i� `:,;N�:�;= . ' � T t4�� ��''•. . � . . .. .. r R�� . c ; . �t..�i ... .... ��_.'� ... � . � �t.F'��,'�'n+"�'; �"��,{ti.,i.;�a .t,�c�� ��Ta� �. �f�J�� I . �4�;=��;e; i, :;J _ _. . �.��� .:;;��;� , , �E`.:�;-i� � � ` y.�� t,}r `� �a�, ,� � �• a. } � ty� 'k 7�d si y�fA � i � i�,?Y"E tt�3�r��9' �ry�`':F 1 i�� r.n s�' i,.i�'�t*'��'�}�4 � •a:1*�c S. ���� .�I��ti°�iF4!'i+ S`�1'6'Y � � � �''d��-7�``�It(��a'' ' . ����.� � `iL�� s1^ ? )�u �.v.1.'��k� e+�.j t� 4�a r t; �.. 'm �r { y � . i-�+iJ��,��t"��w,�> n ��. i �r Sk`�,.n r� ��r �r V '� �!h. �"' °Fr._- . ,�?,.�'.�u=.^t�"'�'.a i vAev- j�y �B `...i'fi�.t"���s �.�,�''�`'�' . t`�" .^�� .�. ..,::;^d ;f- /� r_� . ,.�j - 1.8 - r;� - ;•.� "6 (c) Prior to the Commencement of Construction, � � ! the County shall obtain from the Bureau of Land Manage- �4'��• �. ment, at County expense, right of way over the BLM Parcel adequate to permit the traversing of the BLM Parcel by a public road, public utilities, sidewalks, the County's � � trail system, and to permit access to buildings on the �*� ;3?:;: Site; all consistent with the architectural plans �:�:±,', i: c::; #, contained in the Detailed Submission. The County shall �.. �' obtain such right of way for a period of not less than i:, �forty years. Any yearly or monthly rental fee cequired , by BLM shall be the obligation of the Developec. ;;�;' ��?`r (d} The County shall reimburse the Developer for � _ ° all expenses incurred by the Developer for the following �;?��; F:?� f'�- „"�l' E costs: �:;, �-: e;;;;,�.. i. (1) Off—Site Improvements excluded from the �.;,` �.� �':�;;:' , + Request for Proposals, dated August 16, 1982, and incor— �'=°Fi n. ;r: ' y. �,':.;: $ orated b reference herein (to be known as the "RFP") �-_=; P Y . ��; .n_::. �:?;� which the Developer shall undertake after mutual agree- �;j?�. E:$ EM Z ment pursuant to Section 6.01; � �! 3q: (2) Water and sewer tap fees and on-site �,.. ;�" � , '�:;. �; distribution costs in excess of those amounts contained �� �" in the RFP; and �'' (3) Any extensions to public and private �� roads, water and sewer lines and additional landscaping k:, Y� t= 'F.+' _ ��" ��� - _-- -....- -�..,,..�..,..a,.._.,.�.�,.._...... _ .. _.,_....__.,.r_-___ . ta?- � . � . . .. . .. _ »:�,x"°��'ar,�p,��i.; . ���i +" . •� 5�'i�r�t ` • ��.4"l`. . . . _ 'f��.i' .� . ... � d b,�t ° . ��J� � ... � . . . z ; wzm�.e;"'„4�n� ���, �$d'� rc�.; a�� . "� � i�,��A . ,,.,n.:°�r� �C�'1,' �f;'� t . �`�f7.i � .F;'���,,��, .�: � r ' tA'^„�jq ;�h r��,��"��' 'SEf�.'ck �Yg�" `4��r2�y�H,l��l�-`. �7 1'' . h�� �� ' �� Aq(`L�'�;�� r � � k�,,t5`� t� "'ai; '�'�'�n w 1 o'� �'' r � a q � ;. � ,;r t'�' i�s.a � .r 'a{.. � ��,�. . . . . YH���'iki�e4`?tl"ti��'':s��� • ��.'�� . �C... , �..���� . w. . �'L�. - i� � - 19 - � in excess of the costs for these items contained in the � RE'P, which reflect the County's obligation pursuant to t� •,'��fi ,. this Agreement to convey to the Developer an additional approximately nine acres of land not contemplated at the time the RFP was published. -, a> �„- ;.i`! d For purposes of this subsection, "reimburse" shall mean �"_;` � payment in legal tender or its equivalent through any of F%: �' the following means or any combination thereof: (1) the `�{ f":;;. waiver or reduction of fees to be paid by the Developer �`�T t-:=:, to the County pursuant to this Agreement; (2) the waivet �`. or reduction of fees to be paid by the Develope= putsuant :�� � � to this Agreement to any public utility, water or sewer t � provider; (3) the construction, to the standards set �`', � forth in the Detailed Submission, of (i) any on-site �;�z:. �. � �. .' , public trails, (ii) roads over the original approximately ��; � sixteen acres which encompassed the entire site at the � ia: ,_ a�i� time the RFP was published, or (iii) any park(s) con- „i� �?* i� A j tained in the final plat. Provided, however, upon the ��` ���, express consent of the Developer, the County may transfer - to the Developer interests in realty based on fair market : `` value at the time of transfer as the equivalent of or in addition to those methods of ceimbuzsement contained in the immediately preceding clauses 1-3 of this subsection. = � Y. � i � C�. ;'.t_..:�.: �y�: . _ .., � ...'____'_'.__" .w++..w..anayw..v.x.+.+.......r.,----�- ..�'-� . '. ""'.""'rs"cµ�ya' : . . � . . ' �'Yri �:��4.�°'r". . . . . . � , . P y ' . K '��' � . . `` � . . h±'m.�r .{i _. . - . . � . n:�sa. .:� . . . . . . . :,:.;y, t iF'� - ... � . ^�y� : �j�.�.h`7A�� w'�'=y���-:.�� '�h k S_� �,�11 . - a��� - ' , t�' i ..<c�,�7y� . ��,,n++�+ .::wN;�:��� - . �F1� ;tJ _ ...._��___..�.�_ � . i.!' � �' i '�' . .� i t }! �pK, f.S�L � � �� £t4i ' .,�+o, 5 r 4 �+7v*"�>; *�17!'ie �k'"'+`� � ,£�a���T•��ii� i 4 F�T, 4��, ��.��'i�i, 1�" ( "�_ �;�i�i��Hay�� v'p{�':,(:ii ! t . { �,`'�1Srk�'x ���g�r��rt.�,��,��u���,��p mgF�szt�' .�i:s+''i .`i7'Lr .;,� �..1�'t�'i.� 1t..._ � .e+Jt �.��'���'�.�G�""�''����IIh�.�4N1}F'��d�:��+µN�4R$�IIC�YRSSA�L+�W�O�.d�'ie+.�z.$�i s . �� ��w ��-.Sf. �✓i�", . - r:j � , � - 20 - Section 2,03. County Cooperation. : �.. (a) The County shall use its best efforts, pur- ��;i•`� �` suant to the mutual aqreement required by subsection (a) of Section 6.01, to assist the Developer to ensure that r all public utilities, water and sewers shall be in place , up to the perimeter of the Site within sixty (60) Busi- �"`=�.'. � �;LL. ness Days after the Commencement of Construction. � (b) The County shall use its best efforts to ' enable the Developer, its nominee and designee under the S'''-' {�:i�,,:-� � Settlement Agreement between the County and Jay R. Ruhne, "' ,. dated March 31, 1981, which is incorporated by reference �,. o�,. herein, to tap into all water, sewer and other utilities " �? � owned by Jay R. Ruhne which service the Silverking � �z; Apartments located within the County. 4= �•T-ri: {•:;. (c) The County shall use its best efforts to work �' ��v - with the Developer and the appropriate authorities to `'r� reduce the water and sewer tap fees that the Developer � ' 'j; acknowledges are part of its costs pursuant to Section `� p ��-, ���:: 3.03. � � ��. (d) The County shall make inquiry on behalf of M. : the Developer or join in any request by the Developer to the holders of the Site's mineral estate in order to seek - subrogation of the rights of such holders to the Devel- � oper's right to quiet enjoyment of the Site. Any and all � , i� Vt'-: , `:'�,'•'� � ; __�_---��..,.........�.........._` __...______ __ --^.......»,.r----- � . --_ _ -°---_-•.F�� ,ti " `�¢�hcr � .�i, . . . . .,- . a,�- .{ '��r��i . . . N'!-���t�91 , . � . . � ` � ' . �S •.1F�''� � ' ' . . "_ w,�a+_,.1:J � . Y��'W.`'.rt� ., . •� �:._i. Kf.::33,J � i!i4Ji^� ' . . ����y. kp.,�:��,� ; �,'� � '.� ,�4� �i��^� �;,y�r:��•..ya�,c,� �:. ___Y _.__ __ _ I���i.�+..,...�.�.�+�.r • ,,j:^�ry , � '�i � �,.{e,±�r ) .. j� �'��1�:;;'��t���+��,1 w.;''�� �y�i u:.,'�',iti�n '(4r.raf.,' _ 'l.,�A��'�f.k-F,4�n1�'P�"y����'+"� ��tbr`-�1'-q�H``r°��`Syz r,�t/ .�• � � �� � {Ri^S�t�l3�-+`'.a'�C� '7�d`'�i � e �.F. da:!i�:.�.'t�E..�::^��:�w�:ij�.'�$'�i�.Y�2���.�'.�s�:��:..i...r.l� P '+'�- �t'b�i'�ly . F3n6 i`r . ��,���(� ' �_{� :y"1 i� ' - 21 - �' • F expenses associated with obtaining such subrogation �i �, rights shall be at the Developer's expense, but for the �.ri, t „ . ' � cost of County staff time. ���.�' � � - (e) The County shall cooperate and instruct its ; Housing Authority to assist the Aeveloper in applying for � a long-term lease or title to the BLM Parcel, Any ex- ��` �' penses to obtain the Iease or title to the BLM Parcel ``�" �:�;`, � shall be the respoasibility oE the Developer, but for � ` �.. County staff time. (f) To the extent permitted by law, the County a- - i shall be a co-applicant in obtaining all governmental �s:!:�: -x t:!: permits and in making all submissions required by the �, ..:��. Code for Development of the Project. f- (g) The County shall use its best effozts to en- '� � sute that all certifications, recommendations, and ze- � � ,. i-i>'' I� - �; ports by the Planning Office and all recommendations and ~ hearin s under the auspices of the Planning Commission � „4 9 �" i_� ': � �.. �� pcoceed in timely fashion. g �`� H (h) The County shall use its best efforts to en- �;�,,- ,�, f;+i;: b sure that the Detailed Submission shall receive expedient �.+;�: 4h�� review b the Plannin Office the Plannin Commission �� �T y g . 4 t�;;�w '� �E� �}, and the County so that the Commencement of Construction _ can occur in a timely fashion pursuant to Section t;` - �,.. 3.04(a). The County warrants that, if required to obtain �� h�` ,�R." -' (� � � � :�4.,,.•..:' . p� �,.,. — ---....._.__—__.....�...1. .__ .__---�«..yr,....� __ .. _ __ � '——_"_. . . ' . �•tjc.y,�,y,�.S . _ . . , _::.,y.!'i�:='. •�4�� � . . - . . . .. - �''"`:.+I � � . , �Y� li . . .. �+ � ��� .� . � . --. . .. � . ��'w� ::�J � � . . - . .. `-�t,''=',��''i;;;,:,� � " �a� '�. ,':� 4� . � ��°F'��� 'z�yF r': • p� 7t .'V.�:IA./��. . • � i�. _.�.��. i . ,- , ,Y,c!L�..�y� �;� My�:`�i.� . �:�,; ;�, I���^4:.":,..:1 'S- ::J _ ._ _ .--_- . ._ ,,^�f�: . , ,,_ � � �r;� , t�"'N✓ � .-' . � t`,�'j,.��" ` t 51��d'"n ti \�'i��.. �'e �^� .�. � { �i J*�.t.y _ .. �r ��'1 � ��'F,�'�E i �'a'"„�-,�t ' l"*a.GT#�-a�f'F`r;� �F .�y � _.�� v,����, � ,x� � � ��Mn'�y .. .�t „J Jt �T��������1'7�H��g,.G'jt�T 7�x-�4d'�F�� tt t i ��th'�F'�'`� `�Y-�'��-�,}��� } � `�..��`,�.���. � �+. ,9��'` .i�.���'c, ��a �i �ts K�` 1`�� v ° ,. �r `T ' ' � �' < �,��,,. 't.rc...t..� _ �ii����v�+i3�.��".t"o.___..��i�'.`.w,r'd.-+t�.. _. +���{5x'.�r'•���S;�t�.�: �, i. � N' ' � ` - 22 - � expedient review, it shall meet in special session and !;;_ � sha1Z ese its best efforts to encourage the Planning ��, :.?',;: � Commission to do so as we1L i i i . � Section 2.04. Financinq the Project. - (a) To assist the Developer in financing the }�',_'� ��, Rental Units, the County or the Housing Authority sha11, ;�: �, �' if the Developer's Detailed Submission is approved by the -'� County and no other legal impediment to Development f� ' exists, issue tax-exempt industrial revenue bonds such as � the County may legally issue or prior to such issuance - ,``t�t cause an election of the County's qualified voters, if such election is required by law, at such times as are �' � T�. J; reasonably required to enable the Developer to obtain the =� � financing commitments required by Section 3.05 of this "_=� � Agreement. Although the amount of such bonds shall be '.�. �. determined follawing the approval by the County of the �: >n�: = Developer's Detailed Submission, the parties anticipate .�; ��;�%• that the amount will be approximately eight million two r;5 �: hundred fifty thousand dollars ($8,250,000.00). -?� r.x {b) To assist the Developer in financing the Sale ,- `' � Units, the County shall cause any allocations presently � available to the County in 1982 under the Mortgage Sub- sidy Bond Tax Act or that may come available in all years prior to and including the year in which the Developer {'.�`� �:;�*; . :'4. (1 " 1:�.` . . .__.,.__. .--.-.,--...-..w..._.�..__-.-......____�,_ .Y..�.�. .A. ----.._------_-...�..,,....raS-.Ym�+r..=•,..:,�.-.w-_ . "+pE�F�''' ... _., r t ,"�.'� � � � � . � ' . �EMR k,t . * r7' . . `: �'s�a:q � � ` - . z�x tf • �r .G�r" . . . � ... . . . . . . �d. :�.� . , . . �,,ru . . . � ,.. Y " .�{`�4) -:j - ... . . _ �$ lj'" , . � a •k R 1.� � . - � � ������ nK'�y� , .����� ; �� ��� �.�:��'��� _...�._ �__�a —--�-� -- __ �..�..�..,� ,_ � . .�,4`�fcF� ' , � ^'t;r��"'�� ,�, ` u �� . t ` y {�6 ii� ��;r;� :�."�. ��_�"�� ��G �`.ri�y���wh,..-�,tv �.. H" ty. i�1` 4+a. i r�'� � v' '\ Y 't1�E �ZI'3\i�r,l,�. f �}�',�r' h `i34.r�l,,' ��i { r,q�>��.���'"k�a��I�.�-��4S�ri.u'y t i ;'i���f�s:�a.� �t��� h ' ° ' d��'+�'h�� s�tt 5 .r(�r i�t`}�dk �15�r^3 �' ,t,"..�+�n s- .e�'} .,.<.S 5+' �'''�L.ii�.�'�:�f�.,:: t' -�23� �..,L'_ ��:: � � �, - ' u:.G,: ,•s: . .�� ;;•� - 23 - ��� � Commences Construction to be set aside for pucposes of �� '�'' . '�� the Project. The County shall also use its best efforts '��. � �;' '• : `�" to assist the Developer in obtaining additional alloca- £� � tions undei the Mort9age Subsidy Bond Tax Act fram the � appropriate authorities of the State of Colorado for use ° a . ° ' . �. in connection with the Project. The Developer shall give -� i �',.. the County timely written notice of its request for as- ��'`y� k:��'^ i" sistance under this subsection prior to requiring the use � � of any such allocations. �: �- (c) The cost of issuance and any administrative � costs associated with t6e issuance will, i£ allowed by �':,;'� law, be included in any bond issue. To the extent the � � ;:�_ law does not permit recapture of these costs, the Devel- '� oper shall pay the difference between aatual and legally � - 0.- allowable costs, excluding costs rep=esentating the - � t`t�:: �; County's staff time. `;,�t w �-,:,: i���: , x��'. . r: �:,�: Section 2.05. Certificate of Completion. �{ ;�, (a) A Certificate of Completion shall be issued �'r"` k�,r.. ;�?;? g! by the County upon written request of the Developer fol- �. i:^x, �...9 �ti�,. . lowing substantial completion of the improvements re- ""�"' ��. �,: `'•. �� guired to be made to the Site under Section 3.01. f � P Issuance of such certificate shall be a conclusive de- �'.� �;� teimination that the improvements have been completed in r� accordance with the requirements of this Aqreement and 4� � F;�� 4 � /' �,,. Ff�,���, y � _"'____"._'_'"_____ - .s.i�!e�Ywnrenr.e.....^�..-���—....... -.-�—.�...�n.t..?w��+ww"'�.�'���.+..^'!`�NVf.a,ti4si �* • ---++�mnwr�'.wy. .f,�"'% . � . , . ,.�;���j: . . y' .� ' .. , � • �.i!!'^�� . . . t'e.y Fi � � . _ ' ,� . � .., � � ;;5�.�:x?,�' ` •� 1;�- �.;;� . . . . .. .. :.f,r.�y �''"d:`� '"� . - ;';I ,�ie'1:i-;'.;,� . - . _���':.i_� • 1�y�y�� � �_��%� ���f . j*�� � i w�: �� , tt.;�_���,l�l . �4��:��+�,� � �. � � �t� . .�M+. • / �w,:;l��r.�� ��::�tr ,�y. . � � tz .: �I,� jy ..4" 4 __� Y��# ..J . ��� '�'��`'"r., � ° r + ��;4�� "+ty�c �""��'� ���� t�,�r�1 '�'* ""�tfr � i��'.�7�,�-. � a . �}n,N y�y,y�.• ,�i ,',�,��}�Q,r��# ����i`yta. -. ��,�r ��� .�k t�r� � ����s�� 4 F c�,, �rt s� a.:y c 'iy'�. Py ' M 7.� 3�. � 'y��t��"�'` rs�''e•+�' S� � s�r ��,�� �� Y;,�f, a"��# t � t��'�rF' S�`���,w �E r� �!.�a �.� � . a`r�l �y �.kw.f � .:f� .�k � j ;t �,. ;� 7 ;�`' s�•� p 2r,-�.����"W��:�`�`''�x:;':�. ��«5,;:���`�-.�._'r 1' �L�'C'�re�..�... . �n�....:Ti:e�3..e.,ti., . .. ...., . . �.;' ;y � . - 24 - ` shall constitute a waiver by the County of any right to assert otherwise unless any defect or condition of non- ���-_"', completion could not have been reasonably ascertained at � the time the Certificate of Completion was issued. For � � purposes of the first sentence of this subsection, the .,. %.�. � term "substantial completion" means completion sufficient � � to entitle the Developer to the full or partial certifi- �� Fj ' � cates of occupancy under any applicable building or zon- �::'. � ing code or its local equivalent for all the Sa1e and ' � F Rental Units to be constructed pursuant to Section ` � 3.01(a), together with any and all Project improvements ' ' ' as set forth in the Detailed Submission. �' S (b) The certification provided for in subsection � �: � (a) of this Section 2.05 shall be in such form as will E ,' �,;;.t enable it to be recorded in the land records of Pitkin � R7 County, Colorado. �'"� �a; (c) The County shall certify to any party to �'� : which the Developer may convey or lease the Site, upon �S A� �;4 f; k:�:r`;. the request of the Developer and at any time following �: ��;�•, issuance of a Certificate of Completion for improvements �: S� on the Site, that the improvements have been made in ac- � cordance with this Agreement to the extent that compli- �"'" � ance with this Agreement could have been reasonably _ � ascertained at the time the Certificate of Completion was ;11 {� �: � .T�'_... L ;;,; r =:<'. . _ �.si-. [ :l; ___..__—._._.-....,-..,..�_ ^--- �.e1.y. ' . -----��----�---..�...-�,.-w,«..,.�.yw. .m..,�... ...._ .. . '' �'�SC°�y'j'�tr���: � h�Z� . � - � �. . :<#�j . . . . . . 'h�,`�t 4��'�• �: . - � ' -. ^: . . . 'f•{" � }' . . �gnt.r.... � . 4'�`T,•; ":� , - .. •' W �y ... wr.µ:.,i`� ... � �:�r�!.l.'�'�" . . L.C,CN��,�'.� '� . .��, ,. .����� ���,q . �r'°?tr,.%� � . r j y£���t� �xy }���` 1i.;�.�`�;�..3�=;a � E-''s ;-�;. �.__w_i_ _. _ _... _ __ . . _ __ :` � ,y'+�� � - � zy�k.. 1 �+,�.� ;�.y,����,y���ti'?�'f�lc:y�`i�ir^,'1'"- ����� .j,,.A'�'"}>`u���ti y,�; f }���t 1... ' �1.1 ���F'�•.'f������•'-,r.n��,"����.�..�..,!�G��,�,LT�7�rtd�RF�.:he.i����k'Y ��_�,;..:?:,:��'f�t���+'a�✓� t9&� �r..:.:�.:.� _ �.�`ti::�'. iE� �� _� � - 25 - `r�m �,Y issued. Such ceztification shall mean and provide, and ;� the deed or lease shall so state, (1) that any party pur- ';� !� � chasing or leasing the Site shall not, because of put- �J r chase or lease, incur any obligation with respect to the L � construction of the improvements relating to the Site, � unless any defect or condition of non-completion could �h - . not have been reasonably ascertained at the time the �f .; �:: Certificate of Completion was issued; and (2) that neither the County nor any other party shall thereafter have or be entitled to exercise any riqhts or remedies or =s controls that it may otherwise have or be entitled to ex- �:;ti:. - r::�' �:;', � ercise with respect to the 5ite as a result of a default �` in or breach of any provision of this Agreement or the Y �;:: deed of the Developer or any successor in interest or as- t�?, i:� ��y{ sign of the Developer, unless such default or breach be t:.;_�, �* by the purchaser or lessee, or a�y successor in interest �a; t'v: � t�,: �, to or assign of the Site with respect to the covenants F:1 P contained in subsections (4), (5), (6), (7) and (8) of =-K �'«� :;t� �,,, ;,, �. Section 2.01(c) or subsection (b) of Section 3.02 of this �;� � � Agceement. �°" :.Y (d) The County shall not unreasonably withhold the Certificate of Completion requested by the Developer putsuant to subsection (c) of Chis Section 2.05. If the County refuses to issue any such certificate, it shaZl, � : �tY% �,� f' „x:' � - . ------_.............._.�...-- ___ ._. ._---,......�.��------��,'.�en.roa «�__ - .. �r':� . ' i: :.y:. �3c- iWYy j�-I . ' � . .. . n^�y.���,.�,': - . �"'�f�K.:J� - . . , • r -3x.iz�s:.j:,' . - . . �v: ..,i �,r ; . . , .. _ .. . ^'h r�y '� - . " '. ._ ,�i:zv ._ . . :•'i��:�`:'�!� ... � :1 +.,„ , ;,,� ; .�+r'` .y x�47�3 .,���.� ��:��� � � ' y*..°?';����.{. � ,i ' y� •I�h.. l��y'ti:�e1.�.� . t.:._ �.,. •:a a-— ��. . . _.. .. _.e. ...._ ---4 . . \, . y 7��.lr � , `� • xrr ' � ^ e a"i''���`'�y'�� .,��#'�,�} �nr^$�fks ���'��M`w`.t�1�T�} k-4� �.=.t�.�`��SY'r;;x��S�. ' � �:nrt S,'- :F a1� .g�1•+(k�t ���� 1g � { x�'' t.F*-'{r tL.;;�J�p^S.MC(c.�'n" . t x..i,'Z' �.- L'� 1•:, .Mn'��?.�t�����•������,��,�'�`��'�1���� L�,�7�jk �S�� +���r'vt�''� ��'��,,. .���- " 9y� , 'x-' - � . ,f;', `�c:__,:.: � � �'� - 26 - � . ,� within twenty (20) Business Days of the County's receipt , of the Developer's request for such certificate, advise ' � � . the Developer of the specific reasons why the certificate � is not being issued and what further actions the Devel- ;7 � oper must take in order to obtain such certificate. Failure of the County, within twenty (20) Business Days ��� ,�-, .� of its receipt of a request from the Developer, either to - issue the requested certificate or to state its reasons s> for not doing so shall be deemed to constitute an issu- � ance of such certificate. . _ .,�,:;, Section 2.06. Pre-Occupancy Assistance. The County or its designated agent shall, at its � own expense, survey and prequalify potential renters and � � purchasers of Project units according to Qualification - . , Guidelines and do so in a timely fashion prior to that � time when a Certificate of Completion is obtained and at ,;, all times thereafter; however, the County acknowledges - _ }w that if it fails to act in a timely fashion, the Developer may take on the task of prequalifying potential •� :i , renters and purchasers consistent with Qualification .� Guidelines and shall be reimbursed by the County for any � reasonable expense in connection therewith. � � - '� _ � `i s ��.. �_�• �� tr-;:;, i:�;' _ ___- ----.,.,....�.,.F.,..,w.�.».W,,...-------- _ ------.—°. --------�-�^-r,<„:�.,,�a.��� -. .,,,};y� ���` :� � •: ,�,;;, � � ,:- , �tit �:=y . .. �F+� ;:y;,. cu���l "�.t";i'l;,�.1 `��� � *tie�`;�:g s��'"j � ' =:�x�'� i, „�,� . ;raa w : , �;�x� ����.�° '�:::.�.,,.z a ;.... ..a, � .��i � � ,�,�;•�: ' ,, � bs•;;��� - __ .. ._� � �.�� !, i�i tf i�.,�i,Hr��'� t ��:'i''�y����LLa,� � '�r"�'�`��"���d��,����i �~i u �F:C�drw�,t��=^7 r'�yakf�,�LVr�fy . �, �.�.�.�'.fs.'.��.��'�`l k, "` ��'. �� ��ti-�(�F'�'�:� ���;;Q'.� e'r ��..�,:4 �. ... �s 'r.:i e;, > ,.. ff � - 27 - , � ; � ARTICLE III - OBLIGATIONS OF THE DEVELOPER � �;,'. �`�,:. � Section 3.01. Overall Development Conce t. �'F'' (a) The Developer shall cause to be built on the Site housinq which will not exceed 170,000 sauare feet of Interior Residential Space and which will comply, to a ,.': �� substantial extent, with the architectural plans to be ;.;�.; � submitted and approved in the Detazled Submission; how- ���` �- ever, after negotiations between the parties in good faikh, the number of units and the distribution of unit types between studio, one bedroom, two bedroom and three ,. y bedroom units, and the sequence in which such units are M to be buiZt shall be determined by mutual agreement of ,� the Developer and the County based on both the Davel- =• � �4� � oper's and the County's perceived Employee Housing needs =�. s,1; in Pitkin County and the economic feasibility of the ^; �; � Project, with due consideration for the County's Needs }�' �;�r Survey and Premarketing Plan. ,� ;.. (bj The Project as a who2e shall contain no fewer -`�'� �� Y.•,. t6an 70 percent oE the total erected units as Rental ' ,. y�, Units. The remaining units shall be Sale Units, which the Developer shall sell at its own risk and for its own benefit. All units in the Project as a whole shall be rented and sold in accordance with the following criteria: � � ic��i:`'` r ��-F: 1 ,ug4::�;.,`' . C __ _. �. . _ . . ....�..,i:...:.w. .rn...�+�e,.,.>..a_.......-----"—.___._.__-_.�_,..,,„„...,,,�� _--- -----�.�..a�.T..a . � � p��'��'�`�"a+.r �,� . . - . � ... �py!_^�?..t:� ' ' . . . . . . �.���."i � , � 4� • r�,-i��_�t - � . .. . . I . �Y� � . at- ��1^, ,'y - ., . :Y'•,'k.�.� �}�.��'� � . . �� � �=f�� W4� ���s-+.� •.�p���� . . ���`R�^�i��;y� � , i . � {t��?a�.'r��� r.:v ..�.J . � _.._, � _ _. .� ��_.�__ _ __ _ 5, , � . i f ki ,� .. - �- i 1 . ... . . �.iy 11} i �1'v�! 4 } '� >4litlf � `... A�����M 7��L 4 . Ur�2�l����}t`�.lGti' 4}.�v f. Pj,k( L,hc(;ii hi:�t` .. ' �„tr n� � F;"�..�<es � � ��q �a�pi'� w ��"*'��+'� J �,Fi c�v aR �� ',s a,M` � 3��� � to. ,,� ti � �{ G„�,�4 r C �,,�� r K����(�'+�,'.+��'�'t._;` � ,-�':ry?yy�`y h�..l��,d�,��.��uc� .}`�i�. "F�cr.y�, `��7�_ � �t�� � . ,'c,c"'.4�! .'.." �- "� �� r.� ....f. '� �Z�p.N,����''•f S�iF.+3'��rT�r ..n ��,� �r���'�j��'C ������Z:'�' ���f �����c.w... ��,s•_x.....4X,xY"i��' .� tt 2..�' ,r.s. ,:w*':.�.�. _ ,x+t'fs��... .� .. .., .. 7� .7 �i '� ; - 26 - � � � � (1) The percentage of Rental Units to be "� S�.,�/y:- • ^4' n • available to "moderate" income tenants, as defined by the � Qualification Guidelines, shall be one hundred (100) per- �` cent of the Project's Rental Units less the percentage of Rental Units to be leased pursuant to subsection (b) (2) � � i�> k r.# of this Section 3.01; ��'' � (2) Twenty (20) percent of the Rental Units F�` 4�' °��^ shall be available to "low" income tenants, as defined by � Qualification Guidelines; provided that there exist, at all times when low income Rental Units are available, �i. �� qualified individuals who are actively seeking such units; �', � k;� � (3) All Sale Units (a maximum of thicty per- �i+� cent of the total units to be built) shall be priced to F be sold as "middle" income housing, as defined by Quali- ';�;k+ ' , fication Guidelines• ��r r„,,`; I Y.,.s. ' ...k ,z.y,t. FiN'c: (4) If tax-exem t financin is obtained for F'=�" �4�� : P 9 t:��< i;;:_ Rental and/or Sale Units, all such units in the Project �;;^( �:.:� E}':: � shall be leased or sold in a manner that will, in the '� &,. €�'`°.;, w� opinion of counsel to the Developer, comply with the �?., , x;_, �i:_ requirements for tax-exempt financing under Sections � 103(b) (4) (A) and 103(A) of the Internal Revenue Code; provided that no such sale or lease shall violate sub- �' sections (c) (4) and (c) (5) of Section 2.01. � sf_ ;.- ,�"� ,r::' �:� r'p �.» '-2�: I:�+;s ---_._.__..n.�:.,,,.�.,,wn��`",;;�y� . .---.......,..�.-.�,-..-•-----^------ �----'-^,,..•-'---' . . .. . . ._.. ..--._— . . +`��� . . .. ' S z ! 1" � '� . K ,� f��p i'k•.� . ' .. . � ' �i . ^�A`•'4f_"::d . . � . . . , . .. . . � .�..L C�I . " .� . .. .., � �y,a'e'`L�.:':� �� � . . ��1�u��� _ . ar$. � ♦ �'��s,.z��,�.;s �'�r�.� t k�'1`Y �v�'�'�!! . • - G.:,:t� I o� ., '..��� t* � . F�}�� �, w� �y#,�`'.�`?� �'+^:7�; r.i ._. ' _ ___.__J....�. . ..�.,.. ._........ . . . `i . . .ti�'�C���� � . � � � �;61��,;>;��r p� _. , � f.!!.!R �? ti 5- �:1 7't - :«� S lY �.•- 1 a... y� -. f Y�y.�.#�,�Lt} y � .l 3� �Y 'f G� f}r.�{.'�1 y,,u tt1 � +1� 1. F � �3�.1�" �� � �.F�N 'h 7� '7 sY{�,�-h a-) y���#'< x`�f3�(' S"� y e'11 {� �f ,ys'.,C$,l �i� � �;��� 4'�'� � Ir �+'� t ��F ��f,',i' t �t ds�c n: x 1../., r �G' ��'yl .k�� �. ;. t���!i'r�.,%�°"�.!�•,�l'"�M y�� wt` r� ��?'Fg µ�e���.,�y�,'}G�ti. ,+ ��:�'�s— , ��y'^ 7 �3''; ..a��,....,..�..,e r:" ,��F..��'fi,q�'t• .'3�+�!. �y �{.`;:�.4..y�:�iE�.:::.°� . 2��;,.,..��� s 3' .:t cr� �. .. -3t;��,�'t, . .�4: �� >,.j: ;� . �.� , - 29 - �i� rt� (c) Any recreational facilities to be developed _ : ;�= �� on the Site shall be in conformance with the General -�:r' i;�� . � Submission. In addition, the Developer shall complete, ''.' �':''f .� - � at its expense, those sections of the County trail system k. e, which cross the Site and shall dedicate to the County a f section of the Site, contained in the final lat, which � u � P �:�i �. H;,;� shall be a public park, the cost, care and maintenance of ��� � which is provided for in Section 2.02(b). The Developer is to provide, consistent with the Detailed Submission, a center with mail facilities, a bus stop, washing machines �:i��f and dryers, maintenance an�3 management offices and with ;>1';; � r the potential for expansion to include a small conven- �4'� t:; ience store. t:`'<: � (d) The County and the Developer agree to negoti- t`'�'` E�.;(:; r3�c � ate in good faith to modify the number, size and type of "' �::f: improvements set forth in subsections (a), (b) and (c) of ��� . ,�.�, ��. this Section 3.01, if the parties mutually agree that A��� � K� such modifications are necessary due to changes in market �' r,"�u �.,,, conditions. ;.;�; -�. Section 3.02. Compliance with County � • Regulations and Resolutions. (a) The Developer agrees to comply with the Qualification Guidelines; however, upon amendment or re- placement of Resolution No. 82-39 or if such resolution � ,..`: � 5`,;:,'_ �,,E<?=' . ;;,��,�t- + ;� : --- .___,...__ ._.,�»w.,.«........u...._-- --�. . . . '. . .. .. �"•�'�.�p;�l`.�t��� . ,��;�,� �a":c;;k ,� •� :.� _ .�'/�"{.r:• .. � . y, .37:;, . . . ;F;�4 � . - ., . � . +u:.'." . . ._.. „+1�n:'._,i) ... - - . . �,���*._� � . Cwl�' ' �y T�:'?�3� . . . ,�i e rr' n;� �-Ja:3.... - . 3: ,,� • �n�;� � �,,;��it.�,,.r, ..a �,,;��... :.+.,�:� ........_ ...._. .....__._., _.._...._.....-,....� ... �.�.I .......wrr.rrrr�_. . 1, ',°;J:t%i� - • . ' -,:'ty:.;,'t'.;�r. �F� . .. Y I S f "7 . S ' S ?� � a �� 1� s ..,�y�r�����y^'� 4�i�' {� �1 �31�4 ; � Z�{t vy�4� ' s .. P q„.N} .t'++ ,} ����'�/�l,r � 1 . � �����Ax c �5r.+�r:.�i� �j." � y� t,%� .iy}+i� �i� z n j�S�'a ! � � �`� J>'M"�t� ��t�.4,�4 `��A �f��i�T'FcY . zy�'r` L r.�,vL�}!¢ri�? s . a4''�i'�t��,�^�y�y,�c�j�,�nt�� 'ff��F'���`�"'i�'� �' ,�'�MF t�y�{i'i�e`� ��' it�y�, `��Qf 1� � t � �.�I�irl'f.,..1._�lc.i��.Cea.�:JP1M@11 P�a. �-��� �.�� �. .,��-_._:•�c!: �� .. .. �������l1��.�. � '��,.�. .. •':�'� �7� ;'44 •' �:� - 30 - �t ^ ;f "1 remains in force beyond 1982, the Developer shall be able � . " tyir., j"i �r.,'- �� to exceed the Qualification Guidelines in the following . �3' manner: ? S (1) In any calendar year beyond the calendar '` year in which the Certificate of Campletion is issued, �a;:,,�: ✓;x - i the Developer shall be able to rent and se11 Rental and ;;;�;;, F°� Sale Units, respectively, so that the rent or sale price r!'�. �'� may be increased beyond the price ceilings in the Qual- �_ ification Guidelines to the extent that the Aspen Wage Index for the calendar year of such rental or sale is - �i �y,, greater than the Aspen Wage Index for the immediately ` �; --''�\ :� precedinq year. '`" t� I:"' r.. (2) In no event shall the Developer be ob- j';:;� ;'*.i ligated to decrease the rent or sale prices below those �;; � designated in Resolution 82-39, except to the extent the iy. 4 �s�_: Developer agrees to do so. ?:. �, �"r . f�x` � (b) The Developer shall submit plans and pro- s � posals for the Development of the Site which shall be 2 ' #� substantially consistent with the proposal submitted by �`�`�" &. �a�- Centennial Partners, Ltd. to the County on September 13, �`�' �' 1982. Such plans shall be in accordance with County reg- ulations for planning and zoning pursuant to the County's � Code unless these re ulations are capable of being ,� . 9 � waived and are specifically waived by the lawful action � � of the Board of County Commissioners. a°:_:�;;, fi� ,t � 'x:'::, ' r�- �� �:; r ;:�• , �-�.: --_- -_ -----._...�...-�.�.,�.�.....-M..�..,.w-._. --�.�.,.._._-- _ -- ---�,.�:�as,,. . °H '��a.".et,.�,�.; �.. � Gn� . 7 � , - � . . �� . ,i�'X tiY.�t,y.� . . f �.} .. �k,lY ,, a . . . ��u''.`"a'-�:� r:1�2;+:`J:_`.� ���:;�_�� ,.�:±:.: ,'M,�'��45.. H r ra . -� C�';�.t�y'?,�.` . . . i . � . �x�'"�4.�`;- ! �w,�� 'Y�,,� "t•,•.�.e:�,�:``��,'� . .�v . _"_�,��;. , - :�>:� _ � �"'�}� 1�r. �r .�� �r � t M 1 r �t j B ��'-'��4� ��3 a 1 ti.. +i7 L, i ��lv�y,+^)� . �i.3���Gi�-'���,� +������,���N+ ��Z=�r .rq��,yt��y� #fi�,A����Y s st�� ��,�s.^}��, 3H, Y� ti.;. �sne.l:�:......_ x�_.. .�.},r,,.�i`�t. i 1 ��.r���Y'tS �,4 Y.�r��t�L. , I�)'�� �{ � a �1' J�� . � .e06:.� .r ...PA�� 7a. �.;.. � •_,,.� . f:;� • - 31 - ;��'-� (c) Upon request, the Developer shall provide � regular written reports to the Board of County ��:. -. j� '•r' "'�ti Commissioners on the progress of the Project. �•; ., ��: a , � i� Section 3.03. Costs Allocable to the Develo er. r �� (a) The Developer is solely responsible for all F�,� costs of the Psoject, except for those costs specifically - �5� ', �: ,,_ attributable to the County itt this Agreement or in any ' ' ;. t::. ;:,-. `•= subsequent mutual agreement as provided in Section o� �`� 6.01. Therefore, the Developer's responsibility for �`� � costs of the Project shall not include the cost of any � - � Off-Site Improvements, except for those that the Devel- ' ;�;, oper agrees to pzovide at its expense or subject to full i:';; ��; z>:�; -:, reimbursement by the County and mutually agreed to pur- ri�` �,:��,. suant to subsection (d) of Section 2.02 and Section 6.01. t;:_ _ N'7.'; F`�,r`�' ,�, (b) The Developer shall provide, at its expense, `- t�i �.�` ; �= title insurance for the Site. The Developer shall be the �.;,r k: � _ owner and beneficiary of this policy. �„,.. �=: _ ��r: � ;1; ' Section 3.04. Commencement and Completion ��- of Construction. ��' ;u;;. � .„ {. (a) The Developer shall submit its Detailed ;�; ° Submission within sixty (60� Business Days of receiving t%: �;: Title to the Site, where such title conforms to Section , �-;, 2.01(d); provided that the County has approved the Gen- ;.'` : a: � eral Submision prior to the date upon which the Detailed t: :k �� - � ` Y�;: � °':�� t` ';;�" ' �_T . .--..__ _ ---...,, ..-.--,,....«.....�..-..--...___ _ ..._ti...__—.---_ .� -- -. �..,..���.,���� �t„s�,�ji ' c�";4i�: . .� .'�..?:a� . . , . . A (�<- . . 9i f4`�4 . , . _ . . . h.sy�: � ... - . � . 4��...,� . . . .:x:"....: . . ,�.•_'1"',:'�:y� . . ��� . . t� � _"�,� ' �9 `� .r�+��� � _ .�.��_. ..F�:;�?_ ,, � ;::;;s�:i; • _ . ` ,� i + �t i5!.�t ,.-+ '��•'1� 'S�"'ry3' �.r �r�, . � r .i a'ri ��x�� ���.T< <,.1 �4 -..� Y1 x,P a�S��S��tr`X"`� } rr3'�c�^^2 �, f?1i J ; .�k lii'Yk� ? �'��rr �Y' , , ra � � tiXFf �.lf"Ji r�fi �¢ti �yia+ Ra}�a . n �� �'r�y,u�rT,�,� �(,{"ej.�r�. J�fLh �1� � i rl.� �i.�'�.. y�t 7- ,a'° r���+ �e� .�%+�a���-...��_'...��..-.�u.Z�1( :F'.:�G,1k. 4�Ff t �ai:I-;'� v u'• �4.Wc.� lAu+u.'r`.�6��j�1����:71����`� :'� ��.S r i,^'� i� , �"^� i�i - 32 - 1� � Submission would otherwise be due. The Developer shall 3 �'- obtain a financing commitmenE within sixty (60) Business �, ;� �,;• . � Days of the County's approval of the Detailed Submission y::. �:: S+ pursuant to Section 2.03. If tax-exempt financing is `. ., undertaken, notice of the underwriter's commitment shall ` � be sent to the County within sixty (60) Husiness Days ��: �, from the County's approval of the Deve�oper's Detailed k,`;. 3:�:� t,,�:,' iT Submission. The Developer shall then Commence Construc- 4Y `:, I`� tion within thitty (30) Business Days after obtaining the ;r� �� :��; financing commitment; provided that by such date all �r; =' prerequisites to the issuance of a building permit under �. � the Code have been approved by the County or the appro- A�.. � Y �� priate authority and all County permits required to Com- ��: �� mence Construction have been issued. If pursuant to the i�r•: �ti�� foregoinq schedule the Developer is to Commence Construc- : �j �y'� tion on or after Se tember 1, 1983, the Develo er shall '"V . �.,; P P %';.:: k� !+� � . have the right .tu postpone the Commencement of Construc- ii°'`; tion until the following Building Season. �- -0�� ��A , . � ��` (b) Prior to the Commencement of Construction, , ��: � �: :�- the Developer shall provide to the County a performance ` � ti�. Pe. � bond in an amount sufficient to guaranty completion of ���,; ��': �'�'h �r:... . �,-;� the improvements required pursuant to Section 3.01, so t�j: f:4 that a Certificate of Completion can issue. ;��: �',''• 1�y �'r'r :ft;, ��� - �'�' 4`;.� - . . . . j?��.; . ,� � � . ___...._______........,.f.,n. .+,�. ,r�!+n�a....aw....--.... _.._�,_....w,r,•M�,zyY � - ,uwi::m•,:ri .�. . . . � . . A�3+ ^e'yf�Krvn.y.�:; ,����'i . . . . . . � d� n 4Y� >',]' . . � � � �` . ..i � - � � � � . :1 V�'.� . . . _ .. ' �`T.._'.I.rM1;�. ti-.`*:�.:,.. ,a . . �!1 i Spi'.�::... � 5iy;t:YS:;c'.I .. . � . � � � t -�,yy fY -��4 �fa 'x.""'�'�-,,�:��� � !".'.'J;:E.3� . . :_�k",�,,:.y. ,�,��', . . . _ ��.Ty»�%'n� . ��t;?:��,� "x`�� �, . . '.;'�';:: ;��.;;+�:i; _ ; � - T ? v� ,}�{. y "i�� � . t ` ' •,y�� �� ,.. � �.h.�� 1ly��a�£��b� 2�f; ��t{ a� "� � �t�Wi�` �i.'�.f4 '. ,�:.F,! i�.3n L�� � f. �a c+i 1� u`• � � � -� .} 2L� �. r n �' �� ¢� t F;�,�#. .''�k..,��tia ��r�.�f`��'wr ��.-w t��'���f�����' t:i '��rx����,.��r ��.���} :�f ,�'(µ € .�,��' � t�'���' �� � } h`' �;�..�...�.�_..���_�:,r..�_�s ��+ :�- .�-y-ss�..� � ,� ��'�. '_'�,',. �, ;�a �"� . — 3 3 — �;� ' < $ (c) Opon Commencement of Construction pursuant to `" subsection (a) of this Section 3.04, the Developer shall t��' . �" t�[."' employ its best efforts to complete the P=oject to a sub- � ; stantial ext2nt, so that a Certificate of Completion may E be issued within five hundred forty-eight (548) Business t' nays of said Commencement of Construction or within two �r' . !.�� Building Seasons, whichever is longer. ��;? �" �'+ � : b. Section 3.05. Restrictions on the Developer's #_ Ttansfer of Interest. � The Developer shall not, without consent of the _ County, assign its interest in the Site, the Project or �°ti<> ,, ' this Agreement prior to the issuance of the Certificate [:•: �. of Completion; exaept that the Developer may so assign to . ,_;� any general or limited pattnership in which Wor18 Class - � Housing, Inc. is a general partner. �"'� �• `y`; J K'''y=. ` ARTICLE IV - THE CODNTY'S RIGHTS €�M.� . ir;s` -4;:.: Section 4.01. Right to Satisfy Liens and �`'� . Encumbrances and Cure Default. �;,,: t,,. � �'° 'i. (a} In the event of a default by the Developer �; _ ��i;. , �� under any Mortgage, which default gives rise to a right s. � Fs'„ in the Holder thereof to assume possession of any or all ;s, `" Parcels within the Site, whether through a foreclosure �:, s` action or by accepting a deed-in-lieu of foreclosure, the �� �i: ty �. _ f�� �< `�;.:� P" �:;�', . ----�--_ .._.._-_—���.w.M�w�x.c...w,x.�,�.. -�- ------�-----�.+.f � . . � . . ..-,,;�a.c y,.„�:y� _ . . .,� . . . . . .. t�i�,.-°4Y�,� � � � � � ' . � . . �;:.� � . _ _ . , wy . a�+{e '. . � . � . n i a. � -�r .. . "`- �" .;9-;^✓ •:�'4 � ' . a�s��u`�;-�.a . -� � � � . - . .. ��;�..�.: � �,,,y� ; ' �.��`:�� �;�;w� �k�2��� • j ��.=i�'�a � ,. " ,r ��`�'^�� i.;�;:�:ag';:1 i:�=� __ _ . .�. .— x �;*�;� , � ; .� ���-'; �' �' }13}a � ds h, �* �� , s r.' �,s� .. ' .ej�,i�ki�"�� � ��;,y���� �1�°�i- x J ° 1 � ',�3E !� ! ���ia�.a i � �� 5�a +� y�d r -sf��� .�"`'"�Mn;� : �y7 r a. r st' '� c�.�� �.t� � ;�.dl"� � rx� � c4 i�`� S- ,.o�� yt t�It.F.Y i.k ri aH: � �. ! �)I J�1. �y� y�� 7(."h '� t +�'1�+ /�.� ��t'pf4��hY Y�I'I3,� �M���.�e� f ����%i' � � AI ,{1�.�� �`L�}� '� �t}�:+� 4 ti .I:"_ i t':.-w(i"a?f�.,fi;�,s.�......3�,:.�.. ��x�� ''��;,�'•�`'�"����"�i�__ �s�����...._ �I s'�;:' ;_„,,`:,>. t� 4r,. � qti � . - 34 - � � � County may, at its option, cure such default prior to the ���`, i.;= �o,: . � assumption of nossession by such Holder. � � � (b) Prior to the issuance of the Certificate of �1 Completion, the County shall have the right to satisfy any lien or encumbrance on the Site or any part thereof, y;^�, � which the Developer has not cured or satisfied within a �;:,;. «;; � reasonable time, unless the Developer is contesting in good faith the amount or the fact of the lien or encum- brance, and so long as the delay in payment or the fact i::•i: of the lien or encumbrance shall not subject the Site or � ,, any part thereof to forfeiture. �, ��� (c) In the event that the County shall exercise �i � :�;:. i its rights under subsections (a) or (b) of this Section �,z � �Y, ;,:;;: � 4.01 to cure or satisfy any default of the Developer or !;,{;i ;�_� lien or encumbrance against the Site or any part thereof, ���'` F�ti `� the County shall be entitled to reimbursement from the , �� Developer for all costs and expenses incurred by the � ,.:; ��.'s" 7,. County in curing such default or satisfying such lien or =°, � encumbrance, and shall also be entitled to a lien upon ?�� :��s the Site or any part thereof to the extent of such costs F .� �� c. �Y�, and expenses. �1 (d) The Developer shall cause each Mortgage or t., x. other instrument of debt to which it is a party and which - :�'-.::`,;-.-. � s i=,:;`;'� ,t,.,: _ .._..._____._�,��vaa.aMT�2�P.�w�.h!y++Rai�AMw+ti.n�r.. � . . . .—_ ._.._ "_""""„=.�`t�k�e„���„�:�.:. �'rr�� � �. - � : • . . . � � . �i�' �iX . . . . - . . � . . `. , . . �y*-Y, . - . ♦ ���x� 'i � .. ... ���;V{ ��i _.i, n�.a..+'il ,M,�,�f :y ����� . . :;,�,�c%<-�!-� i �a�.riF� ,.,;ra� }•y� - 4` �.;;� ��:�':�°.-�e�� :r . ;":,�,' . , ..+�:�� `;z��'. ;u�t. , - � _ r Ti qwJ �y 9r � � J y��,��*'����z�X�c��-���,�,�,,�.k��r ��f�,y�t .'*Ji���t'j�ik �,y���_ .. .:,_�t i`� ��j; Y� ��'SY��J,�, ,r•,y _q-�'' 1 a,ckTi ..Y A�ti kE�.. � :� _',,1��"�,",y�,��• -� 1,�..,"7.s�.:�.�J.t�3i�.w`;��i� ��-,•E'� .p,6.�i}(� .�u°.�'�.��..•�ti��''G ��,',ia�Y.+:Gli „ :,✓� :v..;.,.;. �j: .. .. r�� � :`.� - 35 - �.� . �;� `� affects any Parcel in the Site to incorporate the rights ;: i; : • "' of the County under this Section 4.01. �7;; . it� *� (e) The County shall have the right and the power ��n. ,� :�; to assign any and all rights under this Section 9.01 to ' ct� �7 any assignee it so designates. ��� � p�ui ; Section 4.02. Right of County to Pay �;��� �: Mortgage Debt and -;;: Pucchase Property. �:�:% t- ( (a) In the event that, subsequent to default or � t'` ? ' breach by the Developer or its successor in interest ,� under this Agreement, the Holder of any Mortgage on the �� .'i' t.;;,s - Site or part thereof: �_:: ` t (1� has, but does not exercise, the option to �; constcuct or complete the improvements relating to the �;�- �� i;;::t � Site or part thereof by its Mortgage or to which it has ``�'� R;.�µ", ¢'' S;iY.� s obtained title, and such failure continues for a period i;f:`' _ of forty (40) Business Days after the County has notified f•,'`: �_� , � � the holdez of the default or breach; or ;�;; .�:: w�~ ��. 1�%n (2) undertakes construction or completion of s:._;,,; '� f'iY ' VNn': the improvements, but does not complete such construction T�; �=•.: within the period as agreed upon by the County and such ��;. � Holder, and such default shall not have been cured within e ;` -'_;;. forty (40) Business Days after written demand by the ' �, County; _ i � > _ i;;.;;c' �? � r�� . �. . ._..._.....--_....--_.,..�..,,,..,�..cx�+-.w.��.,�aw.,x.....,..,......�--------- . —._—._ ..,_-.�rr�n � . ,� --__ .. �"�',���,a„�s�'�;-. �..- ;�'.b�-k��;� . . � - :g;.':� � . `"r5'tif:. _; . . ,�� �'Y':.'�'� . . . . � ik.:'�.�"� . ' .. . . � ° 4 ��tk�'�� � .... - - , ' . � wd � t}. t^.:t ��r�.,A+,' ._ . ..:4i�1L;.�Y� . ;����� �'������ . .' ' �%;��� ��„�:���*d �..�_.F:^..,'�"..�i1 _ _; � ___ _ ..�_ �.._ �, � r: 'r�` , ,i:`��+�*,:, � , _ .�. t ii :. � tir l�1�� ,R� eji4.� �;� � � .:; T� ..' kf d� ; �' � �rYr�� ��:. � � � �l. Y[.. ���.1� �K�,y.�� �.-. 7�y �s f �: �i�.4;1'�y'�ih_1}� �. t ''�t��i`"aij`� �,..�cSF' tt�` F=�a�k Q 4��� ��a"t 7 r�tC" ' � '�'d?�� � 'ySYr y�r a+'j.�''�'7 1�'fi'h�l r f,�.a. �,� •� v�r � (, �� n`�,y,.,� t5� r�4' � c v _ �.�' u r { 5��� . ' 1�'�'�L�c��F•'��'aa„ �5�'"�� r � � �,�''�'`� ,�j����af 4L ���4����r��e.l� ��� +�� �h f :� -rsrt �.7uY�S�,f�un.-'F:t . '.�-�+��i.+�Sf' .�..,i�GaW.!L?aM1 i�;.-,�'•;`��.�..k.,s_ r"' _. �,x.:.'��...,.FW��,=✓.�. , :� ,� �� . �� . - 36 - 1' '� � the County shall have the option of paying to the Holder �� .. ;� �u;., ,�� the amount of the Mortgage debt and securing an assign- � ment of the Mortgage and the debt secured thereby; or, in y the event ownership of the Site or part thereof has �` vested in such Holder by way of foreclosure or action in #���;: c�: 9� lieu thereof, the County shall be entitled, at its op— ='r:' �Z-°r stion, to a Conveyance to it of the Site or part thereof t`-: upon payment to such Holder of an amount equal to the sum of: (1) the Mortgage debt at the time of foreclosure or �� '. action in lieu thereof (less all appropriate credits, in- ° y , ,'� .� cluding those resulting from coZlection and application �r a ; of rentals and other income received during foreclosure ,;'. � ' `" proceedinqs); (2) all expenses with respect to the fore- � a �:;= �. �. closure or action taken in lieu thereof; (3) the net `;; � ,,.` . � ex ense if an ��; p , y (exclusive of general overhead), incurred �:..� '` by such Holder in and as a direct result of the subse- F;�: t'�t^' c:° ° quent management of the Site; (4) the costs of any �;�� �" R improvements made by such Holder; and (5) an amount �=±` �.�1 � �,� equivalent to the interest that would have accrued on the 5°= � ' aggregate of such amounYs had all such amounts become ��` ;;, part of the Mortgage debt and such debt had continued in f existence. �� r, (b) The Developer shall cause each Mortgage to � which it is a party and which affects any Parcel within r .f r'� a.4''.;. �` . `�.G::' �. i•'c:�I'''. �. �... FY�_ �p.�i j'.' _ . ._._._._. .'__._.....__����xw��x++..+e!es.«.r.nr . .. .f. . . ..+w.u.+•r.,r.�wm , x+...r..-...........-•-----.. _._ __+�-w.^'y9..nw.-�p�'Mli�.qq�r_. - � ��.a ��.��,;. S.�ry `y k �..;r' .. ' . .. 'i '�,,� . . _ , , , A,� �,.,4 ._.,.:.a., . _ `v0 yv--•' . � � L 5.t ... . . . . .._ . r.:•z._,�-i.:a .:n����.-,.`;� � :� t � � y � r� , ..,`��, u�._;�� �i,.,,���u� . ' 'f 'St'•"�s"� ' �i.w�'�1? � - . •������ .. �''`e�it�i.'�{ . ir.��,a�'y,� � Y�,:_. ;•�,� �:.^3�^'`• +J . . _ __..._..W�..u�...,._ _ ___ � . .. � 4� , , x���: . .. � � �� z� , p�� �d4' t�r � � <��'f�.}���ae,*(���� t ?�.:�Y y�`+3�Jy Z, ^d�`. : ' 'e�f � ✓...F yt-e i���.� �y �' � � JC�JG +�k k"f� ��}}1. 't �f��1a�+�. X4'. t'1�'SC� . �3�ly,S +°A 1�3�.1(Y� Y�.Fe�. f 2� �: 'iYil1Y}��r�W°i�'SM�,r:�i���Tiii*fi�.����r�+ai7iYT�.�..''f�h.��..1�!3"dl.e��� tlr�iki'1"R°Y��. ?�S • .��l',,i'.1_ (�� . z� _ 37 - F:� ' s� ; the Site to incorporate the rights of the County under ;�: .4;:` � this Section 4.02. 1�-"• 3�� -.t.•.. �y Section 4.03. Revesting Title in County _ Upon Happening of Event - ��� Subsequent to Tzansfer to Developet. �` Subject to the provisions of Sections 4.04, 5.01 ' �' y� s`� �i �::z g, and 8.01 of this Agreement, in the event that subsequent �f; }� to transfer of the Site to the Developer and prior to is- �; t'� }�" suance of a Certificate of Completion for improvements on �� 1?' r; � the Site, {'� (1) the Developer shall default in its obli- - ��. gations under this Aqreement and any such default shall �' 2. �;" � not be cured as provided in Section 8.01; or ` � (2) the Developer shall fail to pay real �_ k x �+P�. estate taxes or assessments on any Parcel within the Site �'¥. �. � ,,� when due, oz shall suffer any levy or attachment to be �;'�" . � � � ti:i.�. ' �. made, ot any materialman s or mechanic s lien, or any LL� � :�:. --:� other vnauthorized encumbrance or lien to attach, and ;z �?� t�; 2:. s such taxes or assessments shall not have been paid, or ti:�' the enaumbrance or lien removed or discharged or provi- ��' sion satisfactocy to the County made for such payment, � removal, or discharge, within sixty-five (65) Business r"_` ;� Days after written demand by the County so to do; or � � � � ���•' - � - ,- ------ ---.._ �,:�..�.��:..y,,,.�..-..-_.,__..._-- ------, ---.--...._.t..�. , -- _ - - -.- ��C�,"��f:. .-tr.� � � �i � � ' _ �. ` - r . � . ' . . ,.s�' .� " _ ��4..'•� ... ' ' ... t t�� .� � . � - ,.<�`;��„� :,�.;����.,.>, w�.,�F..�-S S�'�x� • ,."���C � 1 I •'„"�� � � •�Yf�'1'�� i?�:w�.ai''.;1 �-a-.;:_-::, .w.._ �, j. � �n,i� � " / �^`.��' . . w R. -. . � + <A, �t 2� � "l , -?du� r .�- t :a- �_��.�;�a>�:r�^��s�;',am,.�.w:..'".. . ... _'.,;1�?�s�....�".�.��:.iid.'�?.xa'.�,�`a+� ,. 2 r: ��Z��r��ti... �r,f �� e . �,y r+,.`f,.. �'"r'.:.�:,-�..�:�-. � � - 38 - � ' � (3) there is any transfer of the Site or any part thereof which violates Sections 3.05 of this Agree- ''": ��_. � i::�i; , i ment, and such violation shall not be cured within forty • � : I (40) Business Days after written demand by the County so � I to do; I "- q '. then the County shall have the right to re-enter and take � ;. possession of the Site and to terminate and revest in the �- iCounty the estate conveyed by the deed to the Developer; � 1 provided that such revesting of title in the County shall E jalways be subject to any rights or interests provided in 3� Article IX of this Agreement for the protection of L�8 � ;i Mortgage Holders. � Section 4.04. RiqhE to Terminate. (a) The County shall have the right to terminate � this Agreement and neither party shall have any further rights or liabilities thereunder if the County fails to ��j .i; approve the submissions required by the Code. In the i�; = -y_}, �� event that the County exercises the right granted in this � �w subsection, the Developer or its successors or assigns �4�' � �: � �, shall reconvey to the County Title to the Site free and �' .. � clear of any liens or encumbrances that may have attached subsequent to the Conveyance of the Site to the Developer. " - ..�y.. tk ~ i�� l . _.._.—...""__ __. ___ .++r x. . �_____"_ —___—_"' . �:... ..Z: . .. ....����+nA�� _ . . . . `.' . ' . . � '4' .'Z..J� � . . . . %1 L`t%j•11�'�' . . . . � L'�-., w r>a�r� � �f�: , � . � .� . � . � 7 , . � # ;'',r . ry �`:., . -.. .. . ,�.,�,I +� 'i�! l-����" - � . �. "_ �I N X,� `�r"'���'-,';3 �"::;i'�ji�� . �`�, 7 �;5� �� ��� � � - � . ,���� �.;�9 . ��,��� � �N..C..� y i . �i��y�� �1'o�i� t�?;'�'?�,a �'..^! �,;� �_ i — � . -;'�ja;���.' . � . �f.'k'-;r I'. . � � � "c^r�..�-� ,P`y tl i;' ,,r „��4_.� . i �..`t i't'�,;X f Yl��+ti��,.�'{+`�`{K �r:�„ �t�;'J�t4�,.d'; �,�'7;�b +-�{��f y �_ ..�h3`:ir:inF'j°_K.!'.��"�l.m�„-��'�k�y.`'Y�'a+�l�:�...:L»�.,:5�l...+f�i,,.� .fi ,j:. �3� �F b1^?� . - ��""<._,t; ��,�. :�� :,� — — � . 39 � � (b) The County shall have the right to terminate � � this Agreement and neither party shall have any rights or �t �v� �� liabilities thereunder if the Developer is not able to °t``� • � provide sufficient evidence that it has obtained adequate - S. financing to Commence Construction within sixty (60) Bus- iness Days after approval of the Aetailed Submission. In ,?.s` �ti: such an event, the Developer shall reconvey to the County '-f Title to the Site free and clear of any liens or encum- �=�' i;:;� brances that may have attached subsequent to the Convey- ance of the Sit2 to the Developer. `;: (c) The County shall have the right to terminate i=�`; i this Agzeement and neithec party shall have any tights or "- liabilities thereunder if the Developer and the County, �.; ., �_,, � after each party employs its best efforta, cannot agree �';�� � on the allocation of those expenses contained in Section 6.01. In such an event, the Aeveloper shall reconvey to ��' I:f� ?�� •, the County Title to the Site f=ee and clear of any liens kx. �',w or encumbrances that may have attached subsequent to the t'�r �':: �:.; . z. Conveyance of the Site to the Developer. " (d) The County shall have the right to terminate �}" ,. �,�. this Agreement and neither party shall have any furth�er �= rights or liabilities thereunder, if pursuant to final �,i court detetmination, aEter all permissible appeals have been exhausted, title to any or all Parcels within the S 1� � r-:,� � �;� __ . __ _ _._____,,,,.,„, —..-�,.,,.,.,.,...,.,�.�.,:....._..k_....,..._._. _. - --____ ��� . �; -y��,..��,.�,�.,� � �.� ��F�; � . >� - n •. �,,�,� x� A :i��!!.- - � ... -..� � . � -�Y�V�_.,.:,�`F.'��' .. °�,v'5'�=. :?;'4 _ � . � �;�. .,.. . �' `"'^`'?4�I .�;::%�,::_ . y , �lH(r�i�.' . . . . �r .�'�°�� . . ii' �.'��� � ' . ��:t�� r � Zs'"��,w`y"'F"-'i� . f�- �. __ •�, ;�� � , . � ; ��`� F� � �"* �t J�r�•' r r , ri,� �t����{�,;�`���.,y, .� i' b'� �iw,x}� -' �a t4�,� � r t �yt � �`��k�ry':.'1 5 N.,� !y�' t �! ..' `� .Y"�1�� �ri � i ��� {?f�yIy'f,� $.'�.-s 1.���a���;7�i`/ �'Lf�'��i t� �{�,c�fi'� �F3'1a7,'�1��� s` _+ur'f a�.� v�.: .�� �, e.:��<^l+c�`�S1_; '�''��yr6,y� r�f�f�f -f��.N'�"�4 Cfi"�kS;::v ;4 .h�d3s�Mn �� ti* `� rlc� ,� _ _,_9n.._...t.�3...s . . �w�°��.:�,��.f�.�v_':::L -Fr . . a��' . �� fkd�`, :E ;� _ � . — ao — A� . Site vests in any person or entity legally able to hold ,� , � �;� such title other than the County or the Developer and ��•'kF•`' �� causes Development of the Site to become impracticable or ' � I : impossible; or any other court action occurs which makes ; � , the Development of the Site impracticable or impos- c ��, 1; sible. in such an event the Developer shall reconvey to ��- �� ,- ;:;�� ' the County Title to any or all Parcels within the Site #. �' 3 whzch remain vested in the Developer, and such recon- �t=` " E;-;: - veyance shall be free and clear of any liens or encum- �`> � �;.:��: ' brances that may have attached subsequent to the �t�,` ' � Conveyance of the Site to the Developer. �„ !'i' '� V � (e) If the County terminates the Agreement �: ursuant to Subsections � % � p (a), (b), (c) or (d) of this �=; �� Section 4.02, the County shall give twenty (20) Business t-:' "��: . i' Days advance notice to the Developer. In the event of ;;i;. � �. �' such termination, or any other termination hereunder, any k' ,�� �,< expenditures made by the Developer prior to said termi- �-�' ,,. y '�h� � nation shall be at its own risk and borne entirely by the �`;'� ' t._?; _i,:n, Developer. `��X F��: � �� Section 4.05. Riqht of Access. ��;- F� After Conveyance of the Site to the Developer pur- i suant to the provisions of Section 2.01 of this Agreement and prior to issuance of the Certificate of Completion, - representatives of the County, who are so identified in f� L G`�M1'' r ,;`�:. 'I Ir:1'�� . 1' (''�� . ,4•�9', �._._._.. .__.__......__.._. .n.�..�+•. . � M�T"'�vY'a.+c�c:uvx.rw _ .- ..—_ ��; -�.�:.�w�,t��'�'�,�,,;: .�5..�`s�' �r��;�:; . � �� ,� . ��.r•� - , - . � -�'' . . . �Y. ♦ � 1n,-f t31:'i�:-�:•:. � . .. ;�«�Lr'i';�:;:� ... ._. .S.::r.::�.;o-.S . . �� 1� ) ' ��..� c��w`� . . . . . if'"a.:.•.:,.-,_.q . 'r"�'�i..it�7 ' . ��;,�����y , :;�:; ry'",.�Hv:,� ' ���� � ..��. ,���!,�V�1t �..�::� �'�-�.:":'Y� 4"-' r'tir ..... i ._.._. W_..._.�_-- . . ...... . 5+ . �:�(itl' . � i 'XX:��?��. .�t �R . / S . �IT i J'����"�C +5fv� o �'"1 ..- 'F � rr �. ,;�•,Ih �.acr ��� 's� �r�i+�{�`,'��,{'`���kk.�l.yr �• k.�re�``����;°'�' ��y`'}�"'t"� � e�.: '����n�f .�:tir�� �y'��t�s s� c� WF.� �.7',��'t�t ,� .. `un ;jJ�a i�f.f+ $!'-.r.4 r z"i }. 1'" :�+Fa.a�L��_af�k���<�t�` '�" �.�...�x:'��,_.`�.s l: �.t���l�- •� y��( y,(_-..::,� C'7�''�:,�i .. �; �i C} � � - 41 - � � � writing, shall have a right of access to the Site at all i( � '��; reasonable times to inspect the work being performed by � the Developer. .F . � � ARTICLB V - THE DEVELOPER'S RIGHTS � r � Section 5.01. Riqht to Terminate. j�? 3 (a) The Developer shall have the right to ter- `�"� � minate all obligations owed to the County under this ��' �� Agreement and neither party shall have any rights or liabilities thereunder if the County cannot convey good � and marketable title by special warranty deed to the Site ti ' .� by March 1, 1983 or the effective date of this Agreement, k�', � whichever is later (such date shall be known as the �• � "triggering date"). Termiaation shall be effective upon *.;_' � `�#` �. � the County's receipt of notice within seven (7) Business ;�_ � ;tx: Days after the triggering date or within seven (7) Bus- �'� w�: iness Days from the triggering date plus the sixty (60) °�; _ r. '.: Business Day interval or intervals set focth below in =_ '� � this subsection. If the Developer does not give timely � ' notice, it shall be obligated to the terms and conditions � � �r,. �. of this Aqreement for a subsequent sixty (60) Business � Days from the triggering date. If at the end of these � ' sixty (60� Business Days, the Conveyance, as set forth ,.. above, has not been made, the Developer shall again have � -:•�_ :,��;; - r � '-�t`� �,�,.: . . �. ____...__—_—._'_____.—_.,.....,«,+un.±s+,v,�..v. '.�v,=w'-..+a+m.r_ —_._._.�•_.'��------�---.�...x�-r..w�y.�rc,yyy�-�4. . -... - . . . . � � ,_, e .�"'.. �yre. . � . . . ... , : . 1.,y'4� „1� Zn-...s Sel . - . . . . . 73}t!','�E. ' . . . ' � , .y . �a �j :']'-.��` . - . . .. � . a ,4 r��'w���'�'•� .. �, . � ..� �a.� .;jA �,.y . �����_ '. ��t'I� � ��z s^l ,t�'{-t�{�7 ��'C� ' t.�.. . ye4i�' i �, �'{t Pl,�}.. . ���� �:�"n��:y".z,.� y' ;�::� Q�.�'-t - �.-:a �� � ,;:;.';. ?;��. � - .. ; ',� �c P1a4' ' 7r ' .v. , � t a�ty \!.)`'t�r�4�'�.�'t7. ��-i� ��' '�: rt nrort-'� � �f�rq "��*' 3 �T`�$�� 9- a�"�J`J�r�� �,, .„ 5 �iL h'Stiy�'i ��4[I y�t <c� :-A 6 ,r `�� ��� ��'w.��ti �. . a���"s� �E�r`'�����,.+�;�rt���'-, t+''jt�7yL' �"�'�'��7��. }S d�t{ ���� o ����r 1C�'� N,.y �'a��{� $'!�{ tF� � 4 h�fi l� 1 . . tS � 5/�... 1 f�x lrt;�+ �l,r�r,:�sa��';�#� ���!����,,,�� �5s�c»� �, ,�s �c�y�Y��r�r i. 1�,s� !�r'1��a y . ").:]t-1�Sl..�:_' . t�'h1�,iKYkl AL'N�. �1��'I+K�+�.�"���� «aY'�..al/?tl:a�4 ��,. . ,_ .:�:t'i:.. .....� .r... ,,.��YI... . }�_,�� r`� . 4' - 42 - i;,�' the right to give notice and terminate in the manner set $" ��:�x; . Y C forth above. The Developer shall have the ongoing right �'. . ;� , to determine whether it will terminate or be bound for an '' ' additional sixty (60) Susiness Days until the County is � able to convey good and merchantable Title to the Site by �;z:;' E� ',r�':' special warranty deed or until December 31, 1993, which- ;;`� �; ever occurs first. : F. �,::;; ��. (b) In the event that (1) within sixty (60) Busi- ��: ness Days after the County's approval of the Detailed r Submission, the Developer is unable to obtain commitments � I' - ` for reasonable fittancing that would generally be con- �' ` F sidered satisfactory by builders or contractors for i�, , improvements of the nature and type provided in this . }� `` I,",- Agreement to initiate, proceed or complete the Project �'� � �:3: t and the Developer provides to the County evidence that . 'y' �; � the Developer has diligently pursued its obligation to k�' ' 4; n, " obtain such financing; or (2) tax-exempt bond financing [ for either the Rental or the Sale Units has become im- `` . I: : � r- �, practicable or impossible due to any executive, legis- '°` ,. �;, ; lative or administrative action or court decision; or �;�:: � J:. (3) the County or the Developer is unwilling or unable to i% - cure any defect of title or easement that impedes Devel- f: k• opment to which the Developer has objected pucsuant to E, � Section 2.01(b); or (4) the County is unable to obtain 4t '`�:Y��.. :{�, _ (= 'K`�: �_ I�'x `� �;Y. j.�Ei � _ _'_'.___'.___ t �'st' . � ....�>t�.;'.'•ssh-':W->n....r..rw... . -____.._,....._-_--.._.---_'_..^.�e�.+W.+a,ws•.nxc.l, . � �'"'f�$„�.y . . . .. �''�`.+'t'�•"lF.k�...y,'.�,'. . �`�'�� '�i� . � '' . . ! 1 � 7 . �'��� T��4 .. � � . � -.. a�ti� :;� � � � F.4,..�;y . ,�M{ � � K;� '�;�t>;�a�:�� �,�„��i� . �,�.���,�� . �:w�.�;�;� � � ����y;� � �.`z�r�:`�� ..,`;5,....� �,, . ::���;, . . :;,`;;�r.�.�� _ ; ::� �. � t� ;,��a *��p'`r t a t�.�^�f � �rt��. { �,i �. wl ���U �`�ste�r,�,�,"''rh'� 5 Y�'' � ,�,` v'� �1r(,w-�r� : .r-k;r�i.0 `K1 � 7 E��M �� �;,i f� rx � i1 f'r`l' r�3.'ho"'f�3'+�,��`����ix �,��t,�� r�,�`Me,�tJ-;�4«����,rsrSt�y�`�`� °�f� .:..£�,��j� }C -��,. . r �`s� -�, �• a�, S.; r tr �k, y ?7�'.sr:�c-�?....��..s.,t��.•�:7r:-�.:ih�'w:l6���y�a�°+r� ">'d:.�._ Cl.:� ''�+��}s�?'''��t�::v.. . . Ya�::;ee.dC��i:.'fR+'�'s�r a,���t'�. :� '_`, .'� �;�+ - 43 - Y • syy ?�� the right of way over the BLM Parcel as described in ��.� subsection ,� (c) of Section 2.02; or (5) the County fails �`}�•�'� y to approve any submission approval or certification ,,,,.,_ �; � required of the Developer under the Code; or (6) the �� S Developer and the County, after each party employs its � . � �,� �C' ��Y" best efforts, cannot agree on the allocation of those � expenses contained in Section 6.01; then this Agreement ��:J;'. i: � may be terminated by the Developer by giving twenty (20) �=";!. Business Days advance notice to the County, and neither J the County nor the Developer shall have any further ';s'! �t rights or liabilities under this Agreement; except that ! :� if the Site has been conveyed to the Developer, the � ''� Developer shall reconvey the Site to the County free and E 'q clear of any liens or encumbtances that may have attached ��'t';. `'� ��'; subsequent to the Conveyance of the Site to the ;:':` � '�„' �1{'� Developer. �f.� R_'az ��g ARTZCLE VI — JOINT OBLIGATIONS OF THE PARTIES `"t' 'r' ['< -n �:: Section 6.01. Project Expenses. "� ,� a�== ���.�: (a) Within sixty (60) Business Days after the � ` effective date of this Agreement, the County and the Developer shall determine by mutual agreement the costs allocable to each party (1) so that all public utilities, t ti water, sewers and storm sewers in public rights-of-way , .�r� t �'::�;: ;, b,,�_si`':': :4� � F?� f; x . "_'__....... '_--.�.�„'.,•r.-r....Vaw"�+.��a�+�+cuw,e.�wr��...-,...,.u«......^_--__"--�,,,,.::,�..yny���{ . _ .___.._._... ... ��'. . . . . . . . ...�_�'�"�ftq+b;�; . . '�v.i=.71• � . .-... ,,2��.� . . . . . . f�;�'-»L;;., � . � - . .y� . �.r,}s j _ � r�~��,,' .... � . . _ . ` . . �� y � i��� y � . ... �� 'r�.•.� .. � . . � t��� ' •�%��v':..�.,T-`'' ;j�)7>"?ts??:y - r{-.,+�.-,�� �'`�rdtn v;n.:kg ��t�� ' i t "�`tsfl,y+��3 � t1s��;�:�j . �` �� ...�. . .w. ._ ,. ....i _ ._ __. . ,�' �. • y�=`��, •�'�*; , �5'. .'— i '�k i wu �r. �f i'"j t � n b ' y "�''�'"a�i'�'F� ����t.�,i'r�,t. .^fw]{���.r x�' .:- t s(°�"lt t +....:. � � �>r4 ,2'�`� ��,+^q� �'��,+�i� �• ' �F s iy. � E, a � 4' k� �� �F SiY Y������t' �✓j �"3f F� f��� t13�jx�`� ,��r��1�� i r.t n yt.f .f�a�,r ti � i r $�mr�t�' f� -�s,�1ji�'u��i��,�' 'l��l �t�lntrry� Y�'¢��,�' �i' p � Y�"Y���f�r.S 1 p . .1 `'� .��.3,.E�..:� r. �S�.�ta'�� �y { r„�a � �'�"`�a..srY�+•v e` ~rr �N a ' y�-� A K� '� ��r � ?wtkr. . �wi�ci�:s[e2c.�-w ��€t.s;:� __ � ..�..._v_._'.....�.��.r"r�'�.:��_..�e"t`�'''�'...-�--. - r�.9� ' l;:'r:,� � . . . y�:� - 44 - ;;:'; . Yh adjacent to the Site shall be of a capacity adequate to i:. - �r;. ��;,z.., "�t support the improvements the Developer is required to �.4; �'l:., `` make pucsuant to the provisions of this Agreement; and �F�' ±.��� �; (2) for the construction of such utilities, water and - - L^°: � ..'. - � sewers up to the perimeter of the Site. '��� ,. !`.: ;.} .� �,.,,�: t�_. (b) Within sixty (60} Business Days after the �'<; - j� effective date of this Agreement, the Developer and the � ; , 3;;. =' County shall determine by mutual agreement the costs al- �`s locable to each party for the planning and engineering �; {� work completed by the County on the Site, the building ��. _ ,: permit fee, plan check fee, drainage, connector road, attd .„ r`. maintenance fees for any park dedicated by the Developer �`" to Che Count ursuant to subsection b of Section 2.02. r'�- Y P ( ) r•, � � (c} Any and all mutual agreements between the c�• '� f arties ��' p pursuant to subsections (a) and (b) of this Sec- t s - tion 6.01 shall reflect the County's obligation to reim- hurse the Developer for certain expenses contained in subsection (d) of Section 2.02. 4. c'.;z"-= ARTICLE VII - REPRESENTATIONS AND WARRANTIES ��?�` �;�::, ;;g,; - Section 7.01. Representations and Warranties '� •'-. tir:;�;:_ of the Developer. c:,, y,�'' (a) T5e Developer represents warrants and r�"�:.; . . ��i . acknowledges that, as of the date of its execution of �-', F°`x this Agreement; ;rr,.1';s?i '(�'.:;'? �`'s .. �w;; � .:�. �.^�: �. . , �. � � -�- ,�,,�,.-...._.__. ...._:�---.-,,,.,,..�.R.. :•:a=+�.-.c�.�:-.,,;.:.=,,,M.. . ..- . ., . ....f-..w..w....M.-�»....�......-�.r..�..,..... ----.�...�-.�;,�««. _ . , � �:��piK�q � . ,'� � _ ' � , . �ti� , ' 4. ' � .. . . . . ���� . . � :"�' . • � . ��T� ,.. . . . ._. '��.�. . � � . . �, T _>i_' , . .. • ( A'* j'yiy 'Y. M:•:w-fti:�?''i� . � jtiCAi��... t� • .. �;tr�'�;;R,„r�. • � � nr &. y� ( \�y �..7�9t+i�,.l�., L��.�'. � ��yyi,Si�''Y,l��!:'i:Y 1t . , +,��..:6i..S��a��l��Tt?1�'.��/w��}'L.�,,','��.,i� ��"+�1 .�.�'.•r�,::� jX � .•I .. l. a4� � � ,�� S'i...k ��SYO'S''H�NYi4Mkw:.��1..��.1�YF-41����.i:��.��rS� ��K• �' ' �::�J:.,��. � , � � ;'y . 45 �". '`� (1j It is a corporation duly organized and :�. validly existing pursuant to the laws of the State of �� Delaware and has the requisite power and authority to ;�. , � . ;.s. ;T enter into this Agreement; °4 . (2) This Agreement has been duly authorized �� ��' �� - �_:,:�:ri'�,:.� by corporate resolution and constitutes a valid and le- !`M ' gally bindinq obligation enforceable agafnst ft in ac- k''� t� t'� 1.: cordance with the terms hereof, except as limited by L; �; 6�. bankruptcy or pther similar laws relat.ing to or affecting �. the enfoccement of creditors' rights; ,;. d: (3) Except as contained herein, the County has made no other representations, wazranties, or agree- � ��; ments to or with it with respect to tfie subject matter of r`v`: this Agreement; i' ' (4} Escept for the case styled J.R. Ruhne v. �.i�., The Board of Countv Commissioners of Pitkin County, Colo- 4 ti};. r ' rado, Civil Action No. 62CV415, in the Aistrict Court for � ��t:: _''= Pitkin County, Colorado, there is no action or proceeding pending or threatened, known to it, which questions the , ;; �:. ,'_ �"`,` validity or prospective validity of this Agreement inso- ��' �. ' far as such oalidity relates to its authority, or any t � 3ft !�4 � �r.�i��; �r�'?." essential element upon which this Agreement depends, or «`'' ` fz:'-' ix��. �� *' any action to be taken by it pursuant to this Agreement; �'' , .�; c`�`;.; 1:5>. �T.. {. i. i�^'% �i�::� f{J=` �,.. i�a�� �_+,s � '-. —:�: -- . —---_ .�------��»,�'+e:��i.ri,-x�:wwwn.x�waar��:.�.�..� � ----- 7R . . � . . _ _ '""'.�`y,e�apt�;'S,r . ,_•� . . `r_,mr:. y�j rY .. . � . . .. . - ..���n� � _ . � a�,�.. .�,�,•al �, . ... � . y`�: .:k . . . y......,��,e,t:.�P:sr . . . , : . 4� . . r 1 - �z � .:.;f.:i�4 . . �'yd,:d :, , - . - �'ii';" >�� . _' .,r<:r;::�.,,� _ yn ! :f��4?�"� � � . . -1r.'�a.+'a`;��-'•"?w'4 . � � � ���,� µf TA�� • �,n L�AW . ���'i''�,�� ! `.uFiQn�1 �� C�fk�=� �� �� �.�il _ _..� �.� __ __,_ _,,r;; �, . ;'�;".i�% _ , '� :� � � � r � ,b �r'•� �+i�,5���y h��j��r�,�.�y��...' ��!4` ,�`..y,�� � 13��,�y+; ��."%i ' �, 3�4 4, 4. �>vnT�t �, . ,•��..�7a a7�-.'7."���"�},J.�� n.!?�, t �. ls �� �y��'�'(� S� # 7� `�,4,4ct tta �4.. A F� � r. 4�h 1.�.'iZt t r,�i �� z �}� i �2�e,t'����.'��e���F�h�����t�-�9 V �r �• �5���� x tyq.�;� � � ,: t!��wta.-:w_.s. M1...?:��w�'` Jr.t.:�a...J+'..�c�.f•�.,....`,.�.�.-�.a>.�'4'.a::�=LL.s:� �'�k�w6�� n )�ii1��iT .. � � . � P'�a��`' 14�:^ L ��j'�.�� . � � . �' - 46 - � ' (5) Insofar as its capacity to carry out any � � !`..,; „' otrligation under this Agreement is concerned, the execu- '� � tion of and � `��-„ , performance pursaant to, this Agreement will ; � not result in the breach or violation of any provision of '`"` its articles af incorporation or bylaws or of any stat- �� � ute, regulation, agreement, judgment, or decree to which ,;� . �: � it is subject; and j. �'`: � (6) No person or selling agency has been �< m' 1;:: t;;' � employed or retained to solicit or secure this Agreement �'` upon an agreement or understanding for a commission, per- - }< u.. centage, brokerage, or contingent fee, excepting bona ' .r f,.= £ide employees or bona fide established commercial or p i : h_F, selZing agencies maintained by the Developec for the x: � `� purpose of securing business; i,: ,,,� (7) The Developer has not given nor will it �::� � i �, �` give any employee or former employee of the County a =;�?�� h,o, �;� �'J... u:.t. "gratuity" or an o�fer of employment in conneetion with �:'` any decision, approval, disapproval, recommendation, � : �j; � , ,. & � preparation of any part of a program requirement ot a ` ? . 1`. . ...... 4`:?7':. �' purchase request, influencing the content of any speci- ;.=;.3 �= �:, fication or procurement standard, rendeting of advice, ��. � �.,.,. YY.'' :�+-= investigation, auditing, or in any other advisory ca- 's ��1:: ;i'; pacity in any pcoceeding or application, request for i,�� ruling determination, claim or controversy, or othez � . .��;' ,#�' � ;_ � " ��: �::� ;,f; '"Y- R# Y. --- ; .awcw.r----_ .. .__.._.__------•�w:.,�-_,�. �:c,v,.�:-.�»n..,.+..�.�......----, . _ . "'�.".+wmr?!,�a.,�,-�ta� � . -.}�''�•i..�:y . . . . . . � - . � ���� . ,M.'S'-�'��,.i=;:, .,��k'��ti:: �. . � . . . . ."y'�;p;;i.`a � �:-. �.r - - � :� . 3�� ::{ ':.,� . ' . ._ . f i4 . .ri_a,� ..,� . .. . . . t i,� . �..^�t-fF-� ..'� _ . :1 � ������ F '�r� . . � ti �kry�+-?.�� � � � ^��� i �� Zt..� *'-. / S d�"; �4, t-- iw �� � . _ ..._ �.� _�_��,�__ __u ,;�,; � �, � ,:,��, , _ -_ :.� .. �t �r ��} }� �s,iH�rr 7 fl �Yr . " ���y",���s�.c`r�'4'��Sstl'"-'1�'�aF"� �!� n ' �s� .F i r�N j� r ,7 -��- ;t���1���;����� ���.5_'�.iy��lrt �wv���'{`��+w:'�`:�fidfM�K,rw�:���� �tf>�:n"�.�,'4`�t�&t�tr�� � .,` s ���x a"''� �t�'�' � Sr'ti-.. -....�...L....�..-��. , �` 's � ��r ..�1�it�"���'�"•�.%.w��"'�4�,d�.�.`�� ��`�r''i _ ,. , ,, . ' - 97 - partic�lar matter, pertaining to this Agreement or any contract or subcontract that arises therefrom, or to any .�.. i�;; �.^ .. solicitation or proposal therefor. "Gratuity" means a ! r+ , : ,i . . payment, loan, subscription, advance deposit of money, � services, or anything of moce than nominal value, present or promised, unless consideration of substantially equal `� or greater value is received; �`, �s_ I (8) The Developer avers that it is familiar , with C,R.S. § 18-8-301, et seq. {Bribery and Corrupt Influences) and § IS-8-401, et seq. (Abuse of Public Office) (1973 as amended), and that no violation of such N> ;� provisions is present. (b) The Developer shall comply with provisions of ;: � C.R.S. § 8-17-101 to 102 (1973 as amended) for fi preference � of Colorado labor. where applicable to this Agreement. z,�;:' . (c) The Developer or any party within its controZ shall not make any payment, give any gratuity or offer of j employment to or on behal� o£ any prime contractor under .`sl_' �%; a� a contzact with the Developez or to any subcontractor or *~? � any person associated therewith as an inducement for the s �l awacd of any contract, s�bcontract or order. The Devel- . �_ � : oper shall not induce, by any means, any person empZoyed �<.; ' pursuant to this Agreement to give up any part of the j - compensation to which he is otherwise entitled. The T �{' f A'� - r�5:'. r. -:f.;:- +� r",.y,' f- �..--- �------_..,....,...,-.w.e..�.ux a-r.:-Y.;..:x:,w. �:.�..._.:.�..,..�-+, r—--...._._._------""'s.r,,,,y, - . . . . ' �.��,,�tE.,�H�4k S.'�.. . ',i°.: ' � . . . . - 9M`g�'... ^' 't'' . .. � . �W`� : . ... . ... Y�...ti]j - . . � •: �� , ��` .�� - ' . . .. - t�' " . � ��,,.;� _ , .. ���rryY �,;; �; .��r;`•..� � .a.,.; . ��t��'��4,°,2,,�� -y �9. � tl ��; • �.a �4^..� i . �� � ; .�t,.�. �����„ �..: r:� _. _ �. _._.. .,, . i`.y,•,�ii:_1 � • . r j� r� � � .�� �.�-.Y 1 . �+6�.!t,��r.a-y1 X a"e` t rf�a, tS� � � ' t x�r�.l 17./�a ���� q� � ��' �� Mis*�r -,�',r ,+, i 1� fr u'r � �4'' `1�-w. �� q k c v[ ^1F .�.rtr 3 � Z,��C .' '1�:"F � �t^��Ft '�!i�/ C` i i� �C'� li.aV1, r 4' ? i"Y.t � ��{�5'i.E�.�:_ `5�� N ,ju �{pj.�� y �5;5 ( 1� G .4640u��..�.:e.'i`'.�'3.�6�y°=;4{����tC��i�-`�h�'�.gh�f71 1y; � =�1b s?J'�9,a. P l�i�li .r ���M�f���-n����� • . -.�f.s9�...u:u�..� J v�i� 2Fi'�LU.e . . � ..�.�':: . . - 48 - Developer shall comply with the Copeland "Anti-Rickback" � Act (18 U.S.C. § 874) as su lemented in De artment of ``�` PP P ;::��..�.;•�• . Labor regulations (29 C.F.R. Part 3), which are herein , ,.;+.�- incorporated by reference. The prohibition against con- �� ; tingent fees, gratuities and kickbacks prescribed in this !-" �'� " , :.} `.;�.�.. . Agreement shall be "conspicuously" set forth in every subcontract and solicitations therefor. "Conspicuously" means written in such special or distinctive format, print or manner that a reasonable person against whom it is to operate ought to have noticed it. (d) The Developer agrees to comply with the let- --�. ` tez and spirit of the Colorado Anti-Disctimination Act of ' s 1957, as amended, and other applicable law respecting discrimination and unfair employment practices, C.R.S. y § 24-34-301 (1973 as amended) and as reguired by Execu- - tive Order, Equal Opportunity and Affirmative Action, dated April 16, 1975. Pursuant thereto and pursuant to 4� the Affirmative Action employment policies of the County, e c,, the following provisions shall be contained in all invi- tations to bid, contracts or subcontracts: !; (1) In connection with the execution of this i`�r� ` ;� . r_ : Agreement, the Developer shall not discriminate against v = �. .,•:`' any employee or applicant for employment because of race, color, religion, sex, national origin, age, marital � c F� (�t�•� r.� . � . '-::;yi_�.. ' �.__......_..'_"_..._,. Y._�_.__ .�__—____'_�,,,�,.. �x��L ' ; � � ��'�^�Ne�h�'. } , � . . . - . ^t', . ���� . .. - . . �}��..�1.� . . ` . � . . ��t.Y"�� t .��.�,� . � . � . . ` . .�r • ��{ ��� T�, _ -..��: '� � tiFe:.n+r•' �•� ' .... ��,�� 9,i.��rhr�•��.��'.V . ���^±'�'<� ''.:�:;r ,°=a,�Y , ' •.�v f.t '�Y.{rt'/�..^Oi�.� . 'r�:.]3,�if d� i ��'.��"'� ��� ,�r rKt;d � �.,` �`� �.. ... 'J � _. �, _�.�..Y�.-----� .�, . '.�;f�.. . - ��','t�k, _ ; sst' r .� i �� �� ,f) �,q,� N ��[ ,� �h {s f ° i°'�t' h; a`Si�`'��..f..�:5�� .,� _I�*,� 1`�i' V���.�Zt�� !.�"`n�} �'� n.�rs r�y�,G��'j `�'�s�, �3'�3�is�5r : r r 1� ki5' � w'�l+et4 ,:,��y > 7 '�?b,. �b;%�..2._.:. J��.R:a]i��r�..�J���"�"a��nu���.,R;.`'C�:?���{�.-_x..�,.�� ' � .:e ::i v;�,.':. . � f''�y i�'9� . _ _ � . 49 ;� ;� status, or because of handicapped or disadvantaged � status. The Developer will take affirmative action to ;,�°;, �� insure that applicants are employed, and that employees � ��; .' �^� are treated during employment without regard to their race, color, religion, sex, national origin, age, marital status, and without regard to handicapped or disadvan- t� � taged status. For purposes of the preceding sentence, . !"=� the term "action" shall include, but not be limited to, , � the following: employment, upgrading, demotion or trans- �;;;- fer, recruitment or recruitment advertising, layoff, or �;�``, termination, rates of pay or other forms of compensation, �;, and selection for training, including apprenticeship. �. ., �_; The Developer will furnish all necessary information and �.': � �` � reports and will permit access to its books, records and ���: accounts by the County for purposes of investigation to r7�=;„ . ;� ascertain compliance with subsection (d) of this Section • 7.01 of this Agreement. _;�: �� (2) In connection with the performance of �1;;:i, �;�= �1:!'e; 4 this Agreement, the Developer will cooperate with the �,� County in meeting its maximum utilization of minority � 4 fi: business enterprises and will use its best efforts to � insuce that minority business enterprises shall have the �`- maximum practicable opportunity to compete for subcon- tract work under this Agreement. It is the policy of the � { � :��; v,,a�::; ':=�c:. . __. ".._"__".._--.�„,,,+�na'a•r�n.e.�.;�a.'.'�^+ Y+FMiti�d.T�mcu?i��w',:ei...*++N..�r...,..�-.....—.-.�...-�+.--��- .—_�.,. }�� ,'. .. .. �1. _T����'J'"^"1M'A+�fi� � ��,:.. :�. . . . . '"4 ... ',�,a .�.�`•�'#:� . �.���_ � - . . - ' ' ��°� � �� - . k���:� .� �t, - :;�.,r4''"i;-'f;� � . a��� T`±,'� . . , ..� .,w"*� • . . � . �+ fi�j�Ai'y';"� - ' � .i'—,yr"�r•'• .frv':1 i'. � �,r�:�� �� •� .4 • , .:t`i: ' rii+J`M1t' , . � i .� � ` �s�.v a y, � t gr �� ;L t�r`��.�i. �'.;� i r L z � ti � ' i�t iwkr�S�°'t�:j`.�, �Tl' ��{,h��� f-✓r���r r . �.;3j+t< `xy,.�'`-i� i?�i �r r:" �j�3'f �' .:S { .a l",{ �9r_�` 'aYA "?` ��'A"'F"y,'��"1�h��'"�,�.��"Y'".M��}� t'�t.�7R�5- !C ,. �s'i�,� �1�K.�[� � i�x n'� :yx�r }r�N-f . � h FS ^f�-Y �✓ �!) ..��' i iY ' 1� �: Y� ��?. HG�cµ�/f'fi l�k t4ut��;,F��� "�r� �y'x�`� N������t��,��� ���.y� +t���x�r� �` � ��' ��,� ... ~t= � - �:.e .Jc��.'iv:.. �° .�C..' ht�L�c�..��s�t � .,� !�..�in.�••'�f:tit� �� riXi�a:.v%M:t�iF+�1?ESrohnKa�r.v����t_}:.<r,�""�*.'t.....�. . ��� �`; . 1, =4 � � ` � " �JO � F1 � �.'.. County thah minority business enterprises shall have the �= #� �; �#�' maximum racticable o �`�:'' p pportunity to participate in Pitkin � � County contracts. In order to insure that a fair pro- � portion of the purchases and contracts for supplies and `,'�' services for the County is placed with mittority business +:�� � � . i enterprises, the Aeveloper agrees to take affirmative ac- ,i,K ;� tion to the fullest extent pcacticable to identify the , ' # extent of qualified minority business enterprises. '.'�" f� �;` F ; ` (3) It is the policy of the County that t f ' ia oppottunities to participate in County procurements be provide@ to small business enterprises. The Developer �; .�, :� agcees to insure that a fair proportion of the contracts � �.� for services for the County are placed wit6 small busi- �;; �� �' ness enterprises. y� � ; (4) If requested, the Developer agrees to r� Far; � .��. submit on an Employment Data Form to be provided by the ��' � €,,,;: ��� �:. County, the data showing the utilization of minorities - } �� .�. and women by job category within its organization. Where � �„t � the beveloper has fifty (50) or more employees or it is ';':'- �i participating in contracts with the County which exceed �'r :rt r, Fifty Thousand ($50.000) Dqllars, an Affirmative Action Plan must be submitted to the County when requested by r: the County Attorney's office within ten (10) Business h Days after selection. � i� �-`_-�`;•_,.. t_. ti - ��.. i��r,�• . �?:�; ._�..^'----..--------- � .��.... .cm,-�..:._?.��,..,,:wr........,�...-....-----"—'-- ----�---------°,.�v�. . _ . . . . '- ^H?�X�Z.xH.v.i::. . ��.3 , .Sri� . � . .. -��'.�.r.'r��" � � - . ��.iT.1J . . . � ;� 1 k, `4. � . . -.�. ... � . ��'�'�z<`�d . . , ' . {r.�� ;�. - .. �;� '}��.y_�''� ^- �z �� � .. � yM:� ���'�`��Y� �-;�.es� +.�r; ��s;� � at���.,e , � . , �a'"�y.`�,� . ' _ ��� �l�:jt� =+ti �r _ >=��+�!� � _ � u 9i � �,r_� � �- � . � yr�C t r � ,w,4 �t�•,: i Y 1 � r �� t ��,r ��- a�f '' k,°t�'4�J 4'`.4+t'�r�a n r,:� �°��� x7K �����$�t�� ��.'�'L���i�}�t,g^ �15-. r;y 7 ✓ y,� .Jt� ;� '} � � � � D a Z 4 '. � „�lny.'Y�� Y p,'�t„�t t���r�{4�}.�.� �,�: ,� t'7dfl ��A.�- ! J.o � r �} � .]"� 'r � fi fi�����+c t�1 i1 ''• �z-�'a! � '1d��"�4Eh�t''�r ts�..iy,{i' � . ft -0.G' -�.3• 'c i nn-�,r� '� d, J�,,,i� 1 ����"!*�t S(�. � r.� . � -.s..a.�...i. :bN�.�.�N:.-�rt...�`���lu��,1�-kfi�;.,....�.s,� si-1,yM1 ..o-+_. �'�t.i"i+dl:,--y ��..:)"e•.._..�..._ ... .., �� L',•.a ;;;� - 51 - i��' . �:; �'. Section 7.02. Representations and Warranties �-"�.: of the County. y",r' The County represents, warrants, and acknowledges s that, as of the date of its execution of this Agreement: g (1) it is a local government body politic duly ,_:�. k',3. � organized and validly existing pursuant to the laws of �" � �'' the State of Colorado and has the requisite power and �;�; � authority to enter into this Agreement; l� ;.?�;t (2) This Agreement has been duly authorized and �'y _ constitutes a valid and legally binding obligation enfocceable against it in accordance with the terms � k``�.. �``. hereof, except as limited by bankruptcy oi other similar ` laws relating to or affecting the enforcement of cred- ta�;. ,.� . ��4; �., itors' rights; `r.`� ' � (3) Except as contained herein, the Developer has �" � made no other representations, warranties, or agreements �. to or with it with cespect to the subject matteL of this � - r:x Agteement; � `,. (4) Except for the case styled J.R. Ruhne v. The Board of County Commissioners of Pitkin County, Colorado, Civil Action No. 82CV415, in the District Court for Pit- - kin County, Colorado, there is no action or proceeding � pending oL threatened, known to it, which questions the ,�� `s;':`''- � �� y�r,: . - `f;, � ���.... :�c'_r._: . �. , .;.� . . . ---- -..-..�.,...,...a.,.w..r—. _.._----^��..-+w.wn�,-d?'?�+�Xu�j,.� � . � .....�. �....._-----_ ...�_. mwY.-----. ._ r.- , +5�`a`1: .rr. ' .s,.�'�„-� .� w,er'j^- . . . .. � . . ,�xz :. r 1};�i;f;,S..F.,:.,.�r'� � . ..... .. . . . '+�Y, b�:':. , , .- �;-y,..,.� (� . � � . �v"".�":) . ��;j'^`� � :��,i� ' r.,z;(;:� i-:...�_ . . . ��F,?+.j '� �� . kf a; +�;�,�a''� . � • i'��'SS`� i .. rc ry���*N) . �^;",;'� . �- y `S,� k:.:,s:�;�.� i'���"'�"� _ _�� � - __ �.� �� � ;;r;,u, ' � - . ':� �` r �� s a 3`�n �,yp'�f��'s�{����j�"��lf��yr ,�t:�t� ']la�k��':.�;��,."qrsK��� s�,. , �yy,� , aE ���'�p�'�'���. - .���y'" y1k'1��'' u��[�' �4�F�,r"'��t'��Ta;fi�in,a�ts�h�f�r-�u i�.<'�,'' �'� ,� �,�1 h..� .e M ,�e�tx �n �., 5„ .4r; (�j����,.,1 4s �j��. ty t ,n t 4� . 4� fY i 1,�°�/�'A. '? ,y. 'Y' �} �� :\'�lUU...... ..s.t.�t�L�JY,��F't.:��j�.ra.� 'G f � .�i�f!']� y�N'kY ��� _4s�.�.6..r4M1.���f�����Ll . . `� � � • � SZ � validity or prospective validity of this Agceement inso- � ::l C:� . , _ far as such validity relates to its authority, or any ;x:�.,.• ,,�• essential element upon which this Agreement depends, or ` _, �. any action to be taken by it pursuant to this Agreement; � (5) Insofar as its capacity to carry out any ob- ,i,� ligation under this Agreement is concerned, the execntion � , of, and performance pursuant to, this Agreement will nof ��% � result in the breach or violation of any provision of its � "� charter or ordinances oc of any statute, reguiation, iagreement, jadgment, or dearee to which it is subject; � (6) No official or employee of the County has any �� personal interest, direct or indirect, in this Agceement � nor shall any such of£icial or employee participate in ; � any decision reZating to this Agreement which in any way •t�: � `'� . � affects his personal intexests or the interests oE any � � corporation, partnershi � p, or association in which he has `r a direct or indirect interest; :� r;::� (7) The County avers that it is Eamiliar with y� � �;�_ C.R.S. § 18-8-301, et seq. (Bribery and Corcupt Influ- �u ��. � ences) and § 18-5-401, et seq, (Abuse oP Public Office) ��'� (1973 as amended), and that no violation of such rovi- � ` . E P q; sions is present. (8} It has not engaged any broker, agent, fi.nder, � or other third person in connection with this Agreement 4 or any of the transactions described herein; and � i •R^' r - 2 4s'�: ��j:�� %` ':tf$: �:' � --.,.-,..,.,.�.>.>...,...:—,---. ._—`---._-__ _._.._._- -�----'-�----^.W.M-.�nw.we�l�i�. . �"�'^'_'_ + __ _ ' ���„�Mr .F _3 . . . � . . i � .cl . � � . . . � � . 1% •> �S� . paLL•��.'G��- . � . . . . . � . `�r; u ,{,,-�,�� .,, - . ,s y a il ... �� i �, yµ„,�S{ . ,M r��:�:: :.''.:�e��s� . 'l k a,w�t�'� . � . i,�'^�°�'�.i . . P"���„f,�:� �iFr!'s... �� � �'��;;;�;:_��a ��N4 ti-�� ^�;,+?V,a �. � .. . �.' � " i�F�� ,�,. .�' ��L .� i � �tr ..-'; }` ��R r ,�1ei�� 7N" j° .�`� �qrt� � ... r . �:' ?�[} k� �',r c L i,t;�r ��.t's �*. �t � i� y�y tti. �F'y�C"r`Y ,,`'�l �i�5�� �>7', � r. n �.. ��''P �F �q�,a:"'' a��si,{ � � �iy�'p a�'*.� i,I�y,N,"ct �,' k'.�y:! r �.. � � ����j•�'�N� L��` " ��+..'-�E�'�.�At���,, i��F. �S�iS>�����.'7.�_J�� ��4:�t,tr�F� } u_:r '!T.��t�.���h� . ��, � sk�[/7q'Fa.+1'�G�n.�el"S � t .� Y�V:� . • - 5 3 - ���i�.. , �.,: (9) No federal, state, or local environmentai im- - �y; ';. pact statements are required in connection with Develop- F�d.'• i:r �i�,�,,; ment of the Site as specified in this Agreement, except E; � as may regard any Parcel adjacent to the Site owned by �� �.s�,. ' the IInited States on or over which access may be .S � �': necessary. i`� i,., t.: �.';` Section 7.03. Evidence of Authority "'' ' of the County. r:: F" Simultaneous with its execution of this Agreement, �, the County shall deliver to the Developer a certified .� : _ ' copy of an ordinance or resolution adopted by its Board of County Commissioners authorizing the County's execu- "�•' �� tion of this Aqreement. ' ` ;ti;�i k' ��; �� � `�, !Y:;. ARTICLE VIII - DISPUTES ,;;�' ,� �� 4` Section S.O1. Defaults. ::': ' .: ��, t. (a) Except for the failures specified in Sec- '°`� ' `� �' �: �:, � tions 4.04 and 5.01, any failure or delay by either party F�� E� s� in performing pursuant to the provisions of this Agree- � ��. � y ment may constitute a default upon the giving of notice :� �+: thereof by the other party. Any such notice shall spe- � cify with particularity the nature of the default being ;� _ tasserted. (' k rys`,,� ,[�•• ,N��'.:. � j�f._ F�::. y� . r. �..._'.._,—��.....'Ael. cp - �vA^.VMMUnr++e�.��_�_.._:""_-_ . . . � �. ��_.. .__'__-'.._..._ . . ��i�,:. � � . . . . ._ .. - �4�,' . . . . . - . . . . �'�;ky� . .. . _ �' . �;, ;U ' .. . - �� � ♦ . � �°5""'=c1� . . � � � . - � . � . . p�..,` .�`� . . . •.� . . . . �-�.CV'.',� � � � � . . . � �yt'�.� . ' . n . t,��' "} ' �i�' : �� ,,, '.� �a-�, ,. �i �k� �•'t: . I . . '.7�+'Sr� � .. �e�:1:r-',,�. (� t�� F,'i....�;�r'�$ � _. __.v..� _ �..� _._..__ ,_.. .� �._ _ tr . ;:�; . •,, . .�y.�'��{�� � � � � ; ��� �-. � �i Y s y w,�� ��+Y,{t°x' �,�i! t .� ^��. '},} �t� A��r.�,-�„s -. r�.�4;a, �i„��r. S �9-�S�°N� 'id t��x7 }u. � t� ��t '� YS+ �i,�x kv a t '�F�,,S� yrtF :� ys� rtr y.w � � pi� ;t� � ka�t �x��m,, n,���4y��"��YE}'.r-r'k,s tT�*t {} -+ `c t �� ,�„,L,�`.��",�:s��i .'7 �H.�rF�,� *tf r� �,y ;tiii i �"" �`rLif y}, �p�;k� �L*C.�A�� '' �'7+�i H''_r'i�+ :r :..'��.,.'.'�_�.�" .u,w��....._...�'��"'`�} A` ' �'J�..lc �``41-.n.�.. .Ff.fi'�`�,'�i.�� �. ,' ##l�:.� �R�" F� �/'r" p. in >E ':� :� i..- � � , - 54 - ;� (b) Upon receipt of any notice of default issued !;; i� . a"_ i� pursuant to subsection {a) of this Section 8.01, the ' � party receiving�-such notice shall have twenty (20) Busi- s� ness Days withia which to cure the asserted default or to � �'� �. commence actions which will result in such cure as ' 6P t�- _.. �- promptly as possible after the expiration of such twenty ;�:':' �` (20) Business Day period; ,�" i �y:: �, (c) If, at the end o£ the twenty (20) Business `` � � Day period described in subsection (b) of this Section � � 8,01, the defau2t remains uncured but the party receiving i::;;: the notice of default is diligently pursuing a course of `Y action which will result in the curing of such default, � then the period for curing the asserted defauZt shall be • ,� �v. < ;.�' deemed extended until the default is cured, provided that `""` �: the party receiving the notice of default continues dili- =; �: �`.�it- � � gently to pursue actions designed to result in such cure, �� [:r„ �.y and provided further that in no case shall the party giv- � � h:,. F��:; ing the notice o£ default be required to extend the pe-- _. �f`�- � riod of curing longer than one hundred twenty-five (125) �?�c� G r,�.,. �; Susiness Days from the receipt of any notice of default �u; z ,��.. . issued pursuant to sabsect4on (a) of this Section 8.01. �;; �' (d) If, at the end of the twenty (20) Business ; Day period described in subsection (b) of this Section � 8.01, the default remains uncured and the party receiving �: 4 f' l 7�, e �Y �� �� r r �`t !,:.- ,.,�..,�---._.._ _ ____.._.._.,--�...a,.�.,....,____._----— --- — ---..,.� _. __�__ . -. --�`^.�,.v.s'f �yc,�� � • . . � . .. "��";:;tis"yw���._. .. w���� . . . . � . .. �,,��,��,�f ... ���"�=y� . . . ' _ �ti ' �•�� �� . -. . .. . � . a���._ :4 � , . �i*nkM � - .. c�#-' � ;3}` r� "i."�I'�R�i.'}< . . . st-!�.' �R� . 4'E. � {� _ �r!�`t ry . -*`>:�;r'`F:.;.� ' v.. �� � � � �€� „�,�.:.r�a�''v i �.�; ::;� ,, � .:;y.`,��-, , , - , �.� �. �;,� , t ��?�"�� r� �':` �. 1 }7��i'�t*:�L. ; ��� �`� ����. ��F^-�t ' ��� ;��~��t{�aa{h5 C ;+v.� ��� ��,� �.+iy�r �.�,fL i'' `s�.�,��.�+�?�,�� }� `��'.£a��l!f�!a�.u'�S��n(.4s�r..�+lit�ri`E�ir''���'���ir„ 4��.�atE�i�3i?`�. �F �� ''%:. . ��� - 55 - k:: , , tis ;� ?;;, the notice of default is not dfligently pursuing a couzse in.i ;.�.�:" . ;;;: of action which will result in the curing of such defanit fr`': 'x'�r.�. . . ``° or, if, for any reason, the party receiving the notice of ;a'� �•. 'iT�" default has not cured the default within one hundred ��, z_;;:�: `�� twenty-five (125) Business Days from the receipt of any R'^ K� notice of default issued pursuant to subsection {a) o£ ,,,.�� �� �:`.Y . ��{_ this Section 8.01, then the party giving the notice of :s_ -.:;� �ri� default may terminate this Agreement. Such termination f:°= f;�, " ', �� ,-:; �,r, shall be deemed to be final and binding unless, within �=. � twenty (20) Business Days of such termination, the party �r= against whom such default is assected institutes legal action in any court of competent jutisdiction to chal- ' t�G" lenge such termination. �; (e) In the event that use of the process de- i;;;_ t{ ;,- scribed in this Section 8.01 leads to or resuZts in the S -3, tj� termination of this Agreement, the provisions of this i�i.� � F �: 1..�:-: � 'r�:. Aqreement shall be of no further force or effect. (';:; _ F'':;:: .�:. Section 8.02. Extension of Times of ;: PeLformance Enforced Delay. r;,;; �rr, (a) If, because of any inability to obtain £i— ;,r ' s'.,.: �; nancing commitments, the Developer is unable to fulfill u � P� �: �=!r;' its obligations in a timely manner as specified in Sec- ti,K: ' �`=`� tions 3.04 and 4.04(b) of this Agreement, but the Devel- i 5�•A• c�f::; oper provides to the County evidence that the DeveJ.oper ,_ ��; , 1'�_.J l��• '��`T c �." � y,i;,`�:. �!3- .� 'r `Y .., `:! r . _."'_'___ ,...,���,�----__... . --��.�..'+nfi^vhi'�, . ..'_'_`—'___..._.__....'_'_' . �y .,._ .. . '�4. �__ . . ' .- '�"�,ci�„4�`.:' . a �� . . , . . . . . . &u u,n .S �,sti,r,: ,; F°?� ' `: ..Y �F :,Y•:. . .. . .. . "�.� �� � � . " _� .. i � "er`. ;� ... j•C�a �+��.� .;� , . . . �e�Y-,��:,y�:;��.� ..f'`�{ f(.-,' . 'ifriv'�Y"'+t-�t,-,i� � r�.�,�;...,�i . �r;S.:S�` . 7��4;"'� ����,r�;'. . . .,.k����i� �� • � � �v�;'et::r_'�¢ i . `'s�c'e't`r"k'�. . •���� ' '',G.°'� "{�"�� �" ;.� y . . . ,';"{`.='• � . . , � ��a:��. .. j � . "�+M j S� .tr ��`` � St � 3 c w(�'�'sX!'Z��ks ��t���flJ.,t5..91� ��s�� �i�. ��� �"n��_`� ..�_tw r ?�,E� ��" x�r`4�1. u �t¢tyt f-`� J� S yk�n i��y r F�`7�.� i�.. 'a. ' rt7Mi::�:.::L�raW�'.� �vn ..[.�.:.k'L'�u.'�''�Yax�-�;Y�....�i:afii,.:�p`���f.... u:��•y.�+�l�s.— rs'.G'�"..'�i.�.::.::�tG+m'L` - " �Hy..�- �`'���•��- Y. < :a p ':'.� I;:>:� - 56 - ;-J . ��,'� ��_� is otherwise diligently pursuing its obligations and it ,�� � :. ;�_; appears reasonably Iikely that necessary financing com- ° , ��. tN• mitments will be obtained within the period of the re- i ���� quested extension, then the Developer may request a �: � reasonable extension of time within which the Ueveloper z� • � ' is required to fulfill such obligations. It is u�der- ''�.'�� �;"" I�r" - i� t;,�,.: stood and agreed that nothing contained in this subsec- `�' �`"' �,,; ce� , tion or elsewhece in this Agreement shall require the �'` �: `'` Develo er to obtain an financin commitment under terms u� P Y 9 ��,, - or conditions which would rendec the construction or op- � eration of the improvements to be financed pursuant to �;- !:; such commitmeat financially impracticable for the � �.', �� �. 'r Developer. = iS. �� (b) Any extension of time requested by the Devel- �„� oper pursuant to the provision of subsection (a) of this ��.?;,. - i, i. . ,� Section 8.02 shall not be unreasonably withheld by the �.:,' �,. f�v.Ti,;. County but shall remain in effect only so long as the ;';�s ' �� '�• � Develo er continues dili entl to gations `'`i;. - p g y pursue its obli �:; ��_=;1. ❑nder this Agreement. r:;;- � ���: � (c) Performance by either party hereunder shall F:�i�; �e '�-� . r`�� not be in default where any delay or failure to perform ,,G; -�= $.. is beyond the control or without the fault of the party �_ ;-. cZaiming an extension of time to perform and is due to any war; insurrection; strike; lock-out; riot; flood; - �� F': �� ,,�' S � _ � �:� :. _.__----...�„�:w.5���.��,� - ___ _ --�.,.-...,.......,,�,..n,�.��,�..., � , � . �� " '}.b; . . �.h h. ... � - . .. � � . `YT-�I . � . . � . �F� �h�:� � . �?� � � �'fya.��.k.�[ � .. . _ .. ' - . h.. �A S' ' v�� �! � R°YL � +�''4 .j � � � ' . � -`:'t�1'-�'n �����a`:fi�+.�.i� . . {.���1 . . �� � . a�;���: ; ���9k� k`�� '.N'� yy!7r .r3��.d ¢`".r:e� t �E"�`.��� ..'��:.... � �, • ..:;�s�' , .. , ,,�, � �`t��y� ta.�r ,� � { �t T� "� � `'f��� '�'.- L^ } t . � �. L t'N�`1 �yt��9._, �f . �. .� i����t ���S.l 6�4 `�. �j,,A Y /y�: a'" ?i��. `S d . ?Y .. tS'n.t�j ^�t�✓4 ti '��j `=� ��rt tf X -�f'F�. t i�' t}'�a` 4.� ':� r�r NJO ass�'� �. �y, +.}�l� � fv F.�^�4 r � ., . .x3_.n ±a.�r f �����r ���it���.r "� � xt t1��'i��S 2' �er�._ . , r flW . .� '�,...�_-t�.'.�. �..�...�wua4$:+��L e .�c�a:.;.� .;a ;1:i:�':. .. '� _:p � i�� - - 57 - 4;� . L; �;� earthquake; fire; casualty; act of God; act of the public raF enemy; epidemic; quarantine restriction; freight embargo; ;v�,: . �yl �`r lack of transportation; governmental restriction or pri- o,, ority; unusual.ly severe weather; inability to secure =`''�;:`'z� c� �'� necessary labor, materials, or tools; deZay of any con- �`ttt �� tractor, subcontractor, or suppliec; act of the other �x� �, _.,, �5 party; proceeding before or act or failure to act of any ��_";, � j+;: public or governmental a enc or entit p ��'� g y y (exce t that the �,;��;: �;` act or failure to act of the County shaZl not excuse per- " formance by the County); or aay other cause, including r � litigation. - ;y� (d) Any extension of time fot a cause described � ;. 2�� in subsection (c) oP this Section 8.02 shall on2y be for ` �:-k :'-`r ?� the eriod of the enforced dela •`�'' p y, which period shall com- ;;,;; � mence to run from the time of the commencement of the r' ,,,'' 4 cause. Either party claiming such extension of time for ��;�:: . s; �:`�'� �: performance shall promptly give notice thereof to the z` � 'S: h.�. other party. f�' �?:;; �:=.�i;` . t. �`x�;�. l�:; �_ ARTICLE IX — RTGHTS OF MORTGAGE HOLDERS -Yr .�,. �r Section 9.01. Mortgage Holder Not �='� Obliqated to Construct, ` Notwithstanding any of the provisions of this ;�: '= Agreement, the Holder of any Mortgage authorized by this ��. E% �. � S� -��� r» xF,s`;:': . _ _--__ ____ ----___��______— ---.. -----a=�^��,� x,�L; �, � �: ��� ��� ' hy,,q�,}�-y..� � . . . ` � `. . � . Sfi� �:�`'� . .. . . s i - a.c�;�" . . .._ 4_�f�r'{•�"���il . . '�s���.Yt � � � -.��ri� , . ';,%�:, , ��� , :�a �,��:� �`.�,4�:�`:'a � . .. ;�'�' . . t !�� F�r�r _ �tn' ^ �}, � � !� i s ..�,d� c �-.,f u � r - < �� 4 �� : u '3i ai„�Y tSr`X°�� � 1 yyrn J'� �k� �Kr s� ''.h� 1 � �: ttl`ro C fi��„S�.��4..� ,� - � i�t .r 'k a � d t t �s. �.s � [ r i ; �;, P(.�, St d'" fi�'.M ! �,,�k� r� 1 �'Y tA n'ra � � `'�S 4�kY�4l� - ,�1 ,��}�.��'+.�,y K�,� 'e���$hyt I�"�f ;" k'i�',�� "4� M� 3 it �, " x ly.{ ��� i L -c." n��� � K$ �'a h'' a 1!3 +, rti a�j � ..t �� 'i i5�� r�i u•��f�tit r..�1tTl.�t��{_. ,s5e�-,� �� ,'i�`^ :i`.`'.'���t�+'���a� ,..._._, �`�K�'.��+��''�Mrc"��?�,�„���trf !w..'.!i �t.r,,. k�43fu.,�ifecl..+ss,v � ie a.....u!.f..i;.td� ..,1 ....a`T , r ., 'v1x.�., . . i =:;� ?� , � � - 58 - � Agreement (including any such Holder who obtains Title to ��; '� �.y'�I... ' the Site or a part thereof as a result of foreclosure � proceedinqs, or action in lieu thereof, but not including r '` , . , �;,_.r,,s,;. (1) any other party who thereafter obtains Title to the °'^ r+3�* Site or a patt thereof from such Holder or (2) any other , ' � _�. purchaser at a foreclosure sale othei than the Holder of ��;;: the Mortgage itself) shall not be obligated by the provi- F...; sions of this Agreement to complete the imorovements on the Site or any part thereof or to guarantee such comple- tion; provided that nothing in this Agreement shall be construed to permit or authorize any such Holder to de- � �" � vote the Site or any part thereof to any uses other than : r : � those uses permitted in this Agreement. � � E; :. � S Ti::. i F Section 9.02. Copy of Notice of Default �,_ � to Mortqage Aolder. �;� Whenever the County shall deliver any notice or �µ , � demand to the Developer with respect to any breach or j `w. � �`:s °� default by the Developer in its obli9ations or covenants ��':�; c:.;.: under this Agreement, the County shall at the same time �,�:�' ,�:. �,�t forward a copy of such notice or demand to each Aolder of �: '- any Mortgage authorized by this Agreement at the last address of such Holder shown in the racords of the County. The Developer shall provide the County with the names and current known addresses of any such Holders as the same shall come to e.r,ist. .'_..`;:r, . � s4.�i`:c„ - l�::a: � - `ji��;�..:�: ( C,Y� . . .� -.__,. _'"_"___ .,y,ny-++� ' �. . ^ ,,.„e{a�f��r:..!`.r..:w.....ro..�._.�....._....-_....�....�-�_____ . ".u4�:S 'Y _ . .. . . ���R��✓�,`j.,; .. .. �� �. . •� ;y ' . .. . ��� � � . . ' , . • � � _ `�,.�„=� �x�:'.�i - . . .�`.r��7 . .. � . t� ."' .-+�hz. - '`�+ .�A. ,. . ' . .:,x:w�,� � .. f�f�FH��R� t .._.--'_ ...d,,..�..,.._ . �r�����irrsrviw.+-�.� .. ,` . . '��4' , � w� .' .. � . / � -:; r . `95 ��ta RYr�'l��n!rc ��9 �� ���,,$ � :.�rn�L.t'�.-0Frj�.a sA^ ' ♦... � �''�"� Y -{ ...� "�s# '� .�'"'�s ,"�� �t sf` �h : �t��r,r / d`�.�i' n a"ift'Nr� 'x�S"�,(qa �+;��vK,tl�''``t�r�� iA�r°� � s A a.�f�'3" "� '?f.. .�i.w � r fJ s n ��1YLl��[1�,.t�y`�u.d�� �S�' �`t ��'�Yii�r� ...f.�:..i..�iEltX.".7f%.���t eWe.�C..a.._4'N��S��.w..'��':'���1.� K".����'+t�ra7�rinai+.s.�-�+. ��S@.k.�,�ryu._. ,t�:�'�. _ '�_.,'.� � � . � + - 59 - 5��,� ' 4� A, Section 9.03. Mortgage Holder's Option ` Ydk °° to Cure Defaults, p�.: i: .�•"' ` After any breach or default referred to in Section �� - t� 9.02 of this Agreement, each Mortgage Holder shall have ,b � the right, at its option, to cure or remedy such breach �> �„ or default and to add the cost thereof to the Mortgage £t�:+° debt and the lien of its Mort a e• j,`{ �; g g , provided that, if the , s�:: �: breach or default is with respect to construction of im- �° � �_; provements to the Site or any part thereof, nothing con- �t` ;��; �:,:: > tained in this Agreement shall permit or antharize such t`f;;:: � Holder, either be£ore or after foreclosure or action in � lieu thereof, to undertake or continue the construction f�: :� �: � of the improvements (beyond the extent necessacy to con- � " �� Y �` r+ serve or protect improvements or construction already "` � iy;x; � fy,,� . made) without first having express2y assumed the obliga- �M: � ;�r �' tion to the County, by written agreement satisfactory to the County, to complete, in the manner provided in this :V? SFY C Agreement, the improvements on the Parcel to which the _� p� i, lien or title of such Holder relates. Any such Holder `^.' who shall substantia2ly complete the improvements relat- ing to the Site shall be entitled, upon written request made to the County, to a Certificate of Completion in the manner provided in Section 2.05 of this A9reement. � � F.. . . `-:�,_:i.:. F��:`.:: �.�.,, ��;da�'; . � __ _—_'._'_' . ......-_.� , ' ....-.r...u.. *:+..;�w�.x'�p'�,�.�.a.�- s t, . . . " .. _ . . .,-.Fv4 . ... _��`' . . . _ . . ''�k� . � . • _ � . ��• ..'\ . . . . . ., .. � •` . . . �'i.n � �� r} �a ' sr� Y��,r_t%� g �yp, F q` . '8:-d�,6..c 7 . - . :.r-'�'•:�c�;�% . � . ti �`i�+�R: --�r�;��.��M . e�;1 ?� r-+�A�^��y� -. , � . e�'�,li'`.'�.�.{`y�� . ��:i� ���"j,` ���-:'.:i. :,;:'a �n..�. a�=. - � �, . �-.:- , ;..�., � ,�Y� .� .. �� _ i r Z 1. `".�'.t.` � v:�'.'�'s%[j. �� s �.��' >£' �# ��;k,rJ{ l F� ���� �� .}� �i��t�����+� t,� � ' �ry�J���ys�t�'4�r t� i '-L�w�����1+�(� �4.�. .���y � . a � } r�F..���.�� tl.F�..:.� �e Y:��x.��,Ar�ir-."�A ��e���.._ A Y•�F�'� L'� � x�~Y+�'�����` iw;LrJ.. Z�Lt�':..':k' .. 1..__ - =:.a�e,.See�. 4-y..l':r �..aS i� J1 ._tl.t��..��t�l (1 f�� � � ' - 60 - � � � ARTICLE X - MISCELLANEOUS PROVISIONS "` j�;_ �� : � Section I0.01. Entire Agreement; �' �" �. Amendment; Construction. (a) This Agreement, together with the Attachments `� heceto, constitute the entire agreement of the parties ��� , with respect to the matters set focth herein. All prior `1+` �;:, idiscussions or understandings with regard to the subject � i . + matter hereof are deemed merged herein. � f (b) This Agreement may be supplemented or amended Ionly by a writing signed by the parties hereto. � - (c) The captions contained herein are for con- <;�ri;� venience only and shall be disregarded in the construc- -_� ,� tion of this Agreement. All references herein to any gender or number shall be deemed to include all others, as the context may require. Section 10.02. Successors and Assiqns, i ` The covenants provided in this Agreement shall be ==� binding apon and inure to the benefit of the successors and, in the event of a valid assignment pursuant to Sec- tion 3.05, the assigns of the parties heceto. ��' �! .,• Section 10.03. Execution in Counterparts. f ��`,:; This Agreement may be executed in counterparts, which counterparts shall be deemed to be originals and " shall together constitute one and the same instrument. ;, }s _,4;', — . � . �.'�;�'r. � _ "����.��- . --. .. ,_..._____..._-.-----,,.—�., ��� -. :.�-+•�.w..�.....:�,.,..,...-.,__.._.. --_._. —.._--_.... . . , ..--._""`""""� ':=;;i'k�(��a��r��„�; . 4.y ���; - . . . � . . ,`� � � . '�'��:it;t;t'.,A .. . ` . . .�.r. . - . . . ., i' .~ .'-� y �x � � �l y - � .. . . f ,��+� .�} '•; ;A M',(d' .S` _ N y:� :A -.�1.:.t'r;.� e � � 2'�' . . . � . � �'�F� ��'*`°}n_L y . . f:�s� �;'�a� . �;� � • ' �,'� � '��v�� j)� +��,th� . Y`,����vL�'�� . !^ y��"u � . .. .��;, ' � _ , �. t y;?� °+s.�r �t ^ N >!6 ,�3 i �,,,, i � �'°��X� �t 2.�a' r�r'1,,t:r�y; �1 _�l.+ '�:� �{n��6��+r �'�i�.. i n�l a'pl � �(' kt �..,� i �` d+^' if� � r �f�.._..,S}����� .���.� � �n' .,�i,[ �8 ���G�� �t'ry � �$:;,��� ,.j}.�• f4,,:T� ,b � y,. � o ��.�. "� F�i::. {�i'kr�J� �ry '' ,� ''�; ssi�. -s:.,t u' ,.,x_.,.._�u :�rSi' . ._. -n r ,,,.x; . %,:�1 r;?.; `;.� � �� - 6Z - #;i, ' Ai. " ` Section 10.04. Cumulative Rights and Remedies. E:�, �_ �.�¢. ,' '�� All rights and remedies of the parties under this � �' Agreement shall be cumulative. ;` ,�,. 4 Section 10.05. Attorney's Fees. �;. K' f,:�- In the event of any litigation between the County �-;�r; t„. �.;,;. • and the Developer arising out of this Agreement, the Site ��>; i_�:_. �'�'ti 4.'c,:<. or the Project, the prevailing party therein shall be al- p, �- lowed all reasonable attorney's fees expended or incurred f � in such litigation to be recovered as part of the costs j�';?:�: therein. i `'; Section 10.06. Nonmerger. � Each representation and warranty contained herein � ` s�` shall survive the closing of any transactions contem- "``�� � . . � � ': �.- plated in this Agreement unless waived in writing by the {it9k�r • n' t r.::s:'. `-f: party fot whose benefit sach representation or warranty �`>�; S..Y z'}. � y;;:+;: �:. � was made. � � 4i',Gs �'. ���_.w:.:: �:j�n s,i,�'. f' Section 10.07. Severabilitv. �;,r`A � ���; � The invalidity of any Artic2e, Section, subsec- �� tion, or provision of this Agreement shall not affect the � . ; validity of any other Article, Section, su6section. or �,s ��;'. provision hereof. ,�, - �� �. r-, - �:: �"r_ L � �i�+-�,f`''� . � !.�FF..'_... I.. . _ __.___. _—_�����i`/� _�.....__.. __.___-�..•-....e+wwmhwa�.r4. ... "nw^....� ` . " . . ... . . � .. ..... � � i:i:L '-i�[-�� . �j ��$~��-v �. , .� � . . • a�;,�;� . . , . � . . , . . , ' h . �i'.+r:;� ,y � _ � . �:���1't,�`,.��s� " ,,r�3�Y:.,...i` ���:T�7�%:ti'Fti� � � . . � . .�:e;� . � . � . ;: r;.6 a�.� ' i ` .et��+,�t ti _ . .,:4i�� � . . . ,��'"'-4,`c�'� h . I�j'• � � ��} 1�.�. �r��.� . ' a. i � t Y..? S���F^ !y,.'�,i+ � ..��>�.f M1 (� � „ r:A. q�,,.: y_- . � f tt��k°r���r+�)t s.a'�j;°a`��T,'��;� FSa ' �� c y�f3:''., �`y„r�Y ��- � ,�fy>'�.y. �t9,, ,�F �;`�}¢ ��".�S�`�����"'�,�v��''���4 ¢�' <t a � rx s$4�j.yf(,�� - tr�tii �i a+ab.,,A i��.����� ��N?� .k{kb'`E`$k�ir"�`�^���i3� ���i +• £.:,r...��^��"48L�?v. �f.�-:+ � 6o�w'du;a�a5,?= � .:::�5 �„z2.��.._.�+�+i.. � � i��::. . � a^a :� ;'� ' - 6 2 - �, , , 3 ;• Section 10.08. Governinq Law. � This Agreement shall be governed by and construed �`��. •• i L"' . in accordance with the law of the State of Colorado. Y.� �:: Section 10.09. Disclaimer of Third Party " Beneficiary Riqhts. � �,; .. , It is the intent of the parties to this Agreement T';;�° !` to create rights and benefits for the benefit of the par- '`�`-` �.!_:':. � ties named herein and not for any other persons. Accord- r � ingly, the parties disclaim any intent whatsoever to create any third party beneficiary rights by their exe- �`" , � cution of this Agreement, except those specifically �,-: } . granted to mortgage holders in Article IX of this , � Agreement. �. ;: � ` y i ; � Section 10.10. Additional Instruments '- and Documents. `'i�' � ¢�?;.= f_. - The parties hereto agree to execute and deliver F`a�; �,.;• �; such additional instruments and documents as shall be �``- �a=° r:�y�,. necessar or desirable to give effect to the rovisions �`�`" y P �3', of this Agreement, even if such instruments and documents ��t>4. "FF',,5�'z must be executed after the effective date of this Agreement. ,��" ;� ;. - �`!` i- - � . f� � ` x_-;;;; . . ,.. ` . F-': � �`3�R r�y�,. __.—_.— _..— ..___.___-- �""Y'S`�•^„aEi � .. ___------. .._-—- . . .,� .. � . � .� � . . � ..�.�a'.�.�i",{ . � �ra ' .� . .�IY� . . .. . . ♦ � . . ��.^Y.�2 . � . . .. _ , . . . . ' . ,. . . �'::[- . 5�#�'1� � . . �� I .. . r �,s..�'�F;� A 12 f X:�,G . � . . ,�ir.�.,`,fi;��: . . ��Tesrt� . . ' . ti���� , /L$.. �/ Ki� �. `��t� ' . �. Qfs,� ����� F"S.�-:'::� _�.�::� _.� �_.� �.u._��.�. _ � - �-- _.._. .__ _ _ �, � _.`�%1 _ ���;: , -`' ,�t, se. r'C' �,+ � - � `s"'�r[s������4?Sf,����. Y��a� r,`f�x�f � c'rt 1{}{!p�`y�•�'a�'F ". i�,`+"#}�� �j.� �� ��a� � � 5t 1�Ss, t�l� ;r t! ,,,'� �FS an` �� �2i`+�-` �a+.v }� �.-1"a�yu'���"��yi� '�`"����,p�Ga4� f� {r, �JS��,V� � � � a}r� t�,� r ! �f ;� �,�4�1f.',�. r.?.i+3y '�1.�4�<� ,� ,t�.S7•> a�-�ZIr� t� �,h��,�� �. Y �.,, .� s� ,r�`a-✓ .�c...,�..�L._��.�I�'..��3c.�,�.�x..�`.-.�.:n�L...:.ra�.��h.-�.:.. �sa�.�r.�M�t'.� .n�;an.��.x < :t�'r.5..: .. 6; z� � � ' 63 � � - - � Section 10.11. Approvals and Extensions � by Either Patty. Wherever this Agreement requires the County or the �,�t P � � �:... - � Developer to approve any contract, document, plan, speci- � , '� fication, drawing, or other matter, such approval shall � i not be unreasonabZy withheld. Except where the decision ��' e;;; � to qrant or deny an exEension is within the sole discre- ''`'`•<� � tion of the County, whenever the County or the Developer �' requests for goo8 cause an extension of time within which to meet its obligations under this Agreement, such exten- sion shall not be unreasonably withheld. � Section 10.12. Computation of Time. Fi. In computing any period of time prescribed or al- � lowed nnder this Agreement, the day of the act, event, or � i��' . default from which the designated period of time shall � +':i•. begin to run shall not be included. The last calendar ;; Y;; day of any period so computed shall be included unless it - i*t �; is not a Business Da in which event the 't� y, period shall �• ;;•:: rnn until the end of the next Business Day. ��� ��'� Section 10.13. Nonliability of County � . � ' Officials and Emplovees. ='� ' ;� No official ot employee of the County shall be - � personally liable to the Developer in the event of any default or breach by the County oz for any amount which '� ,� v�^:`:- N"'^— F'r:f:., �} F�• . r � ri.ix;����� �7 f�a. _-- ---------.a.,..,.,�.�.� ��,: ,�,��,�:.��,,.�,.-,u._.n,�.._...._._.__ _ --- '-�..';._�'�`s'���� �� �,+�„ ., . . ��'•:vw ^= a•�"M;• .�� � . . ' . � �+M ��' '�� . . ' ,. c?'Ra�v.F•:�:'• . . .- 11cµ• t�''�'r"h3�� � � � Li�„�f.-::..�. . �S.Y+j',4nY j . . t =,�� ��� Zr �� �s���,5 ' . �±���' r:: • 9 ra � . r"**V t�G:� . �� �. �'� � �.. �:3 �,n.r'� �..�..�..,��..,. ._ �_ �__� �� --- ---�� � -.'4.� \! .. -.5�„�.(: � � .i:!hr `-��x-xsrf R�,: , �; - i t t �� 4 : � � � ;�.6 r't a,• a.rf k .@ ,p�"��+�-A � i �q�y+4�q�"PY<�l"�C�;'�f ,4 r«;t �' ��S",�J�,��`'^��� �;ti��`r� xln3� w J?{yt'�5����j 'hs-, r'f!Y r�. � f '+r f}��'.�t .� '�v . x� �.,, �+ �• �;'v�9�1�1��.1T"'� � k [j ���jr,��� ��5 iy�. X a Q� �..y ;r ! s�.w S �L���s���rA1�a.e.....�YSti.._ �.kas:._ _ _ y.� K •o:'-� ,_ � \�.'-'.i�i. .. �� `� � - 64 - {1 , j� may become due to the Developer or on any obligation of �,:' � ��� i� the County under the provisions of this Agreement. s . Tg Section 10.14. No Partnership or Joint ?7 Venture with County Created. ,,: � � .: Nothing contained in this Agreement is intended or shall be construed in any manner or under any circum- r�� �;;:;. �+ stances whatsoever as creating or establishing the rela- =':��' .� °�>; � tionship of co-partnets, or creating ot establishing the t relationship of a joint venture, between the County and .:�� r:... the Developer or as constituting the Developer as the "''' �`:.--; agent or representative of the County for any pu=pose or �. �:�": in any manner whatsoever, notwithstanding the obligations �.,::. under this Agreement that the County appear as co- '`=�' � applicant in certain situations described herein. �YS: �:x ;rri:� i-,i'. Section 10.15. Waiver of Rights. �` �� Failure of eithez part to exercise an ri ht or �' . Y Y 9 ��=:,_ remedy hereunder shall not impair any of its rights nor �°�'a -!.. [!'F � be deemed a waivet thereof and no wainer of any of its , � ,i ���:;: ,,.+�,, rights shall be deemed to apply to any other such rights, ;`t�i r � nor shall such waiver be effective unless in writing and signed by the party. � �, % � s �. _ „�� ;i .r�.`:. , � 4'�,;`.'�` w;..�r. __ . _'._ ..».es..�..r•r.wwtt.a,ui->4wA'�GAiSK�w.m•lw:... iw....-+---__.__-_.__�,,,.c,�at��,,,s^. . . . � � � . . . . . . y.;�•k���',�_;�•� _ ' . . . ' . � . _ . �: ��`'.. �' ' , �. .. � � . . . . . �� , ' �' l4' � . �� x� _ . �1�;+.a�,� , . . � ... � - . . � ��;rc 4 . . � .. ,�''w�r.� .. � . �- ,�,��'�it::_a .... . . , . - .f!:�>,i;':i . . . . . �`�i+�•::�N'5.a?'� ' . . " - . 'r��� . '�q.��`� f . 1 ' . ��t �q.�A�� . �� n .wF�°�.�i�� A��i1 , . ,�� . - �. , � ��; ,.� ,� .. � n ,. � �t;a � �, . �c9� �f� , ' ��,,'�k�4.4+,y �*. � �� •,� ,wtiri,��P�'� „{�1L `�4„ ��ry:� . ,�y y ri t�' ��.�4��� '�'` �S�� �t v Yt' �e61�,-i;.3.�1 .� e �' z *i� �12: J�6; 1.kh+Es7/W �Y� � ..�.a��a�"���tt3cfr�rn� q*!;QY,- r�,.�'�'Vy �a:, �.. �..�dN�n �f.� e':, , �: � ::' � - 65 - � . � Section 10.16. Notices. <:� a ;;>_, � (a) All notices tequired or permitted under this �S"-...•• � Agreement shall be in writing; �' %� (b) Any communication to the Developer shall be � deemed effective for all purposes as of the date such � � ; �., �; communication is personally delivered to or received by ;: �T ��Y: �� registered or certified mail, return receipt requested, x, at , or any such other address as may �;�� � be furnished in writing by the Developer to the County, �. � with a copy of such communication personally delivered or � mailed in a similar manner to Harris D. Sherman, Esquire, ,;,.� Arnold & Porter, 1660 Lincoln Street, Suite 2230, Denver, � Colorado 80264; � (c) Any communication to the County shall be �y � :�;r � deemed effective for all purposes as of the date such �';' :�; communication is personally delivered to or received by �' registered or certified mail, return receipt requested, "` �-' - � by , at or at such other address ;<; as may be furnished in writing by the County to the Dev- *��:: eloper, with a copy of such communication personally de- � .. livered ot mailed in a similar manner to , Esquire, County Attorney, (or his successor as County � Attorney), at � � � - � � ; i,;}4;:�� r�i'u=. . , � . --.__...---a-�•+-�'r.:- _.— --_ .__------ — . x� ..� . . � .. . . . . � � $� ;�" . . � '�+���i . _ � . . . . � - •� � . . .a. 1-`t�� � r�.�,.,� . .�s,$Y;�:�•�;:;, :.�4.;;��:.a . .�;:��:��-=� r • �rt" �1,.�t s�h�A,a� . . .. "'!i�_y.�,:� . � ��NwY,;%j �� � t ��,,,'�4� . � "K »�f�� , � r �� ��r'' :.:� ___�.v�� .-�,-_.- -.w_�_ _�.._ _ '- ..__--r�w �v ' .�,k.,`!"� ' � . ;;�;.��� , ` y / ,� _ . �.. <� j: � �5� a ?*' Ftn t a�'� x{ ,_p�--, '. . u ; � I `�j����� }�� � �,��'" �� . � '� � ...it,..1i:$t�:��wra. ���.��i�rr„k f ,����, �.5'� 1�,�'t�':.�� � . -�i��g�.. � s�i?_f,u �+ 4�4 a.4tt i'�r�e H � i. qf��/. . "j' +�L y: `�.��:�3�:-.. J ' � - 66 - ;i Section 10.17. Acceptance of Agreement ,s, by the Countv. � _ This Agreement, when executed by the Developer and , �� 4... � i ' ; delivered to the County, shall be authorized, executed, 'a � and del3vered by the County not 2ater than March 1, 1983, �f =1� t - �.t,- unless the Developer shall consent in writing to an ex- - i' tension of time for such authorization, execution, and "� � delivery by the County. Otherwise, the provisions of � � , this Agzeement shall be void and of no force or effect. Section 10.18. EfEective Date. The effective date.of this Agreement shall be the .- = date on which the Agreement shall have been executed by '..�»+'� - both of the parties hereto and authorized by the County. ,` �: `,� 7.. _;:� >� � ;i� �. '� e.:�%,,.,. �r�_`` . r::i+' ' .. awi.r--�—__.__ �___' . . . . _—______.___.,��� . . .. .1= , .a, , - . . . . . . . .���. .. �. ° � . . . . '�� � . ;*.::..�� �i. . . . . .. . , - . . � . .n,:� . - . . . . . . . . _ �.r{� \ ', �a��� . _ , :��:u _ , ���. . ��� y �'��.a ,�. .�� F / • ' I • ' �1`,.� , . . ��x�i7��'� , , ; �' .•..R. ..�+*�.. '..�� .4 �.��� '`� " F ti,v'�`���affit� � �i ������ti � , a �, a� ��r ,r+s � �s ��� j� '`� `�& r�t ga*r�,y.� y�yr���y r �1'�����:�i��E':-� r `- ,y � .:r'��'�`,.w�y,�,' �r �': ..ri,� ,.� t���N£�r�.S'.-�' 3 4 . ��d�.Ki`}� tC u '' kr.-ya�{�� .. '� n� w ~ - 67 - � IN WITNESS WHEREOF, this Agreement has been execu- �� ted and delivered by the parties hereto as of the dates � �r indicated below. I r �'� i THE BOARD OF COIINTY - � COMMISSIONERS OF PITKIN COUNTY }" y By Chairman of the Board � ; i ATTEST: Date 7 �' - Lewxs Scanlan, Deputy ";��• Clerk & Recorder 'a,..'-i. G WORLD CLASS HOUSING, INC. : i S By . ; President : r k ATTEST: Date �`� APPROVED AS TO FORM: � ;t. � - Wes ey A. Lig Count Attorne ?'% Y Y ,..;; 3 - � ----- _------ -----...--^-„�. -- -- ------— -�-.�..w�-. _.:. ,:: �. � ,.� ,� Y t `�"��'y , . . ' , �,�.� .� * ,,.� _ , Y . ,�:� F� .:. ,'�,w�::•.� °-.;�� 1+�� ' - .�""�f''.,� � _ ,� �'�'���