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Home My WebLink Aboutbocc.con.045.1983 <y, • !�'�` . � �{'� `p� . _ h , � ��ti� T �1 ,a+ i >p�.� � .t�l .��t"`Y"�Err�t y�F#T� ul�'�' g z.J ra �i� �}�,,)3s�. y� � ;'+f{ y.��.,+ �� .�x,v 4-,s^' �' �"�� fti. �' � �5��3€3t�� 7��'�i i�h^.��.1 �I.j3; 's�y 1 4 �T :13� t s} r k-5�` ,?r S �'y }k�,3,I w� :�f �. $ f' '�x-� ,�2,�,,.�r t t . * a y. t�.t a't 7. "c� s � ,,V sl'�Yt.�x.�� k `4'+'� �5,5�4"�1w°' 2 �+^ �, s�r � r � �i�'�.7(F''�nr R�'s�krW� ,x� Yy . , � .ti e�i �.a.e_.. [..�.i.,f.la.K.xs�`...ae�:�:i•t• "+��a�.i1R+."�.��- i� 4. ..�� f��. ,L.._ ., . - � -. � , � � 900N 4��T PAUE7�� OPTION TO PURCFIASE CA 45(83) � '� � "'i r N , . rV '��.Q CXl ^-� �i� `. Option granted this ,�T� day of �'y"G//�F °"� <t,<'• , — �;y '`" 1983, b� Alpine Bank, Carbondale, Colorado, formerl�;knq�� as "'J ��t",�'�'''r` � :� • n2 �i Roaring Fork Bank, hereinafter called the Optionor,�o �� ' 0o m Y. Boas�d of County Commissioners of Pitkin County, Colorado, � ' i : herpinafter called the Optionee: ,� � .� 1. The Optionor, in consideration of the sum , of $ 20,000.00 , in the form of a cashier's check, the receipt whereof is hereby acknowledged, grants to the Optionee the exclusive right, at its aption, £or and during the period - :� , ' co�nencing from the date hereof to January 10 , 1984, to p�uchase that parcel of land situate in Pitkin County, Colorado, to wit: Lot 7, Sunny Park North Subdivision, with all easements and rights-of-way appurtenant thereto, for the price of ` $ 78,000.00 , which "shall be paid upon delivery of the deed, at time of cl.osing. Said purehase price does not (? �� . �;. iaclude the amount paid for this option, .In case the Optionee _ " '� sfiall elect to purchase the said property, it shall signify ;�+. ; •� such election, by written notice thereof, served upon the i� �>,':. Optionor, at Optionor's address, within the above stated option �� 4. `�. period: �� 2. A current commitment for title insurance policy �� " in an amount equal to the combined option and purchase price, r � � . 4 - at Optionor's expense, shall be furnished the Optionee on , � -. . ,t, , .. ' or before twenty (20) days from date hereof. Optionor will �k � ;i ..: del:Ever the title insurance poZicy to Optionee after closing � �': and pay the premium thereon. :4 3. Title shall be merchantable in the Optionor, � except as stated in this paragraph and in paragraph 9. Subject { • , to payment or trnder as above provided and compliance with 5 # the other terms and conditions hereunder by Optionee, the ; Optionor shall execute and deliver a good and sufficient general warranty deed to said Optionee on blosing date, conveying said property free and clear of all taxes, except the general • -2- y . 'y:rii � • � '�! � s+x R 'T'�� . .. ` ,�,{�- �r�� i. t b lZ,�.i .� ��K a''t` �:.+, x :: a�`.�r4. �4 .� rt�R.Y'}�S`li'��'�}.'h ��,1f3�y �4)� �$ a I ,�,-,il.� ��° ' Jfl4ya':`C` r��. 'i^� _, �,yt�y. ry'c� ,� ,��- � r,' ^ y'� � 'Y' ��. Sy qr�R�4%t ��,n�..�7r'�,.�L��It� 4 a �1 �t k ,�-'lr 7�'�'r +k � � �^ 3�rr �t r'7F�.'�l s .. p,� �' 7. s .-��,t+�,'f.n'{yY,*�if'R'�At,..-.....� _f� 'a�� .._.ma�a...:�h..��w:�l4 ?t�,Ar� A y�17��Wi. ��k Y� tv � �, �..�.w..._o� :k... _.a4._.5..,..:-�w-II __.. _�._....r�.'= .,,. .N.t� '�� '';� � BOOIS 447 Fa�E76� ; taxes for 1983, payable January 1, 1984, and except those �., . .� , ' �, . : i � matters of record such as reservations and exceptions; easements, � : r °".� rights-of-way, and restrictions; agreements; fxee and clear � ,�'> of .all liens for special improvements now installed, whether ��..: �, :, ':;�.j':... � jr . assessed or not; free and clear of all liens and encumbrances , y-� �' . i ": and subject to building and zoning regulations and the followin '�'� ;�'' . 4 � � , �'�' ,'` restrictive covenants: Sunny Park North Subdivision restrictions 'y i�1�,::� , ` vr covenants, i£ any. ��._r.;', ; 4. General taxes for the year of alosing shall { ; }H"� xo;�w ; be apportioned to date of delivery of deed based on the most � jt fiy � _.,_ ;:'� recent levy and the most recent assessment. Prepaid rents, s�, �1 t" `E water rents, sewer rents, and interest on encumbranaes, if i. � �.� any, and Sunny Park North Subdivision assessments, if any, shall ' � Y � ';z'+� be apportioned to date of delivery of deed. , �. `; 5. The date of closing shall be within thirty (30) +� ��- i. ` days of the Optionor receiving notice of the Optionee's election �' i ;. "� � to purchase. The hour and place of closing sha1Z be designated ' � ,. . t'�'' V"� by the Optionor. � � _ �� 6. Possession of premises shall be delivered to ;;;� ;:Jg �� h Optionee at closing. The premises are subject to the foZlowing 4 �:�p leases or tenancies: none. y '; 7. In the event the premises are substantially ? ��A�L,. �,_ r3�� damaged by fire, flood or other casualty between the date (� � a : o£ this agreement and the date af possession and the date �� ,s. of delivezy of deed, this agreement may, at the election of '�; . 4 ,'`� the Optionee herein, be declared null and void and the option �� , :•.i 6 ; � price herein made shall be iumnediately returned to Optionee. � s �...�; ��:.�.;.;;, B. Time is of the essence hereof, and if any payment xxp,;r.,:_ �,�• �'��t;.;� or any other condition hereof is not made, tendered or performed �k' ',` `��'a'•; a� herein provided, there shall be the following remedies. �. �� In the event a payment or any other condition hereof is not � �:tr�4t, r�.�.;: -sf...,�?�h. ��'� �; ma�3e,, tendered or performed by the Optionee, then this contract � *. �,�n' shag3. 1�_ null and void and of no effect, and both parties � �F,.'r. hereto neleased from all obligations hereunder, and the option �r`sj'. amount made hcreon shall be retained on bel�al£ of the Optionor. -��:s:: � . ",r.;:= � �`"� ��x -2- t .,,.;,,_ ��3;� � inl^„�� . �y"'�``�r..i �.-�"vv�3y yS�is;.•' j`f:::;i:r . ��. .�.f'�'�. '� � .. - — y..6 s�1 �r ft� �y� --�y� �+ t � �rk.�pti�' 1 k. 1 � " �� A�E :.t i � tXi. 'i`f hr�yy"""""" i ' F ��S .T.�' �;,��,�S, t'wik/< i�fY i�:. x � � MFti� ��ix ,i,1��1 r�3� �5 . _:`_..w,:,`� -`da<..�1,�t#.w�i.:�'L�.:..._._�:c3Rfak4a�fi�#�'i':r�r�� 5�� t ��L -ta '�c-'t'+ _1. ^ ..1�L..i.�..:+w,:. „t'L:� '-�,ue»i^..r+.1i��?kr .a�,...✓�.. ..,.... ,... . 's-� EOOH 44 1 P,�Ge�UJ In the event that the Optionor fails to perform any condition � i;: � � ?�+=- hereof as provided herein, then the Optionee may, at its election, �;y treat the contract as terminated, and all payments made hereunder ! � i ,� sh.asl be returned to the Optionee; provided, however, that � ti.� . E �' the Optionee may, at its election, treat this contract as �#, ;;;"; �� . - being.in full force and effect with the right to an action i�' • • ;� Eor specific performance and damages. �� tn_ i:" 9. Except as stated in paragraph 3, if title is <:x,.._:; i;u" �: :s;,� ;, not merchantable and written notice of defect(s) is given ,.��: - I' r � ' by the Optionee or Optionee's agent to the Optionor or Optionor's Y��µ _ �� : agent within the time herein provided for delivery of deed � �:�,;.;, - '�' and shall not be rendered merchantable within thirty (30) � � � � I y days after such written notice, then this contract, at Optionee's � � option, shall be void and of no effect and each party hereto :=- , �, �L ` shall be released from all obligations hereunder and the payments ; : . i � made hereunder shall be returned forthwith to Optionee upon i` b w return of the abstract, if any, to Optionor; provided, however, � 4 1 r,h,,,,..� that in lieu of correcting such defect(s) , Optionor may, within ;:.. b: � said thirty (30) days, obtain a commitment for owner's title } ' �. insurance policy in the amount of the purchase price reflecting I.: i. � � title insurance protection in regard to such defect(s) , and f •,�,;,-� � the Optionee shall have the option of accepting the then existing • I; ��"�'- insured title in lieu of such merchantable title. The Optionor ! � , E� . ' � shall pay the full premium for such owner's title insurance ,� �_±.. :�. policy, and the abstract, if any, shall be returned by the � ! k , Optionee. f 5 � � • ' � 10. Additional provisions: The ParEies, by the r^ ;� �_:. .�.�. , execution of this contract, hereby covenant and represent � ; �: �..{" ithat thev have the full and lawful authorit_v t� PxecutP anA ! ��'; '' " honor this contract, and accordinqly, bind themselves to I `�r. ,<r 1�ig contract. � � '' I �'' 11. If this proposal is accepted by the Optionor � in wsnt.ing on or before ,7uly 11, 1983, this instrument shall i F� � ' ♦ � I -3- • i i �� i":`�Y:-:�..-�wt1 ` ;r:^_.*' ' , . .�;<�a, '� n+� / . � % rw k*_,.��3��yy$��„��+r��'F>f�4{�+ .`r�� ..�,`��,y�'{'��Rt��t•"•�'� >a � ,��,,�.�r��, ��q��i uarr-<'•��i�.,�}.s c t, i`" t �5 �t. �� y� "�N�C c� .�: � ...+e'.�'�� :iV�a._!l� -._i.•..�,a'ei��`wr��L4�r��.Sx.:�. . . a�i..�Wc.tis_.t�,. . � ��,1,,'��'��. ; j �oou 44? Pa�E'77a - become a contract between Optionor and Optionee and shall � .,.; �:�;' ` inure to the benefit of the heirs, successors and assigns y;; ! :��:; • .';�r' of such parties. - ��n �«'� � i�; i`';p�• .'��`�� .`' . �"' Soard of County Commissioners of ATTEST: 1��;' � .��_�. e ' Pitkin County, Colorado • �'^ ` ' � �"..s�j�li ~� ` `-"x'_�: , l� ��==�`"Rr',4�*• - sr �/ �C��.�.—____-__– x n�� By: F`�� C- Lew ScanTan .. _ t�V j'Geo e Madsen, Chairman Deputy County Clerk � i-,:.�� G F §:� ` , +�`' Date: � JUI�� (�93 � s�x, • APPROVED AS TO FORM: s; • �`.", , � n� � � �--:/ � ! ��• , /��:'-�G� ��_ �r;:.�, ;�'� Wesley A. Ligh�r � �. County Attorney " � ;r,r:Y � �_t� � . : k � �7� Optionor accepts the above proposal this �� day of � , � ��i , � }�:. t . !'c�. 198 3. • . # �?:: f. . :- . ' � . �:>. , �'•`� Alpine Bank, Carbondale + "; t r;s{ e. _ 16 b r�'+ i�� ,� � ��: By� P s' ent r .�""-=..,,1 � �" � )i fi;ti:".� � ':� Optionee's Address: Pitkin County Courthouse, 506 E. Main St., Aspen, 'Y.• Colorado, 81611 ��'»; Optionor's Address: 0326 Highway 133, Carbondale, Colorado, 81623 � `F/l� ��. }��1 . ti'' Ft� �5 . • I �,� . �: , . �� - � �� I - . � . ! �. . ' ; _4.. ' . i . � { � il �: � f'�t�: -_a �:�.-- ..•,.�