HomeMy WebLinkAboutbocc.con.085.1995 �
��: - , �
�i .�. . . . ^
�,T,�::���,:i's;.r,s, s_.,�� .�. ;�% ��4� ._�� - �s��
� - ��'- ,r. �._..��, �,�..
�#;t,_.
��,�393384 06/06/96 12:08P PC, 3 OF g . - t
'-''9��A7 �D6/06/96 02:11P P6 1 OF 6 � }��
' SILVIA DAVIS PITKIN COUNTY CLERK�& RECORDER R�C�@ DOC UCC . �1
.�- '���i
� �' . .
_ y�. CqS-g,�- �.�;
,r__ �
,�. . f �.�
I��G..
r
'�s'. _ . 6:.
� FIRST AMEND�11�iVT TO A11�DID�lND RESTATED STTE r
— = � TD/� �(r�r r�� ,�pu G-h�OUS� �D.! �C 1�"
betwe�n .
�.
4 COUNTy OF PiTKIIY, COLORADp �
(7.gxor) � ,
� '
" and i '
- �
_ : i
�PEN/PITKII�T COU1VTy HOIIS'I�?G AUTSORITy I
(Lessee) ;
i
� . ,.. ;' �
�.
i
Dated as �
of Octo6er 1, I995 �
and aanendiag tfle
' Ameaded and Bestated Site I�ease g.
� , �. ' dated as of Febivarp I5, 1989
A _, � i:,.
... ; ;
w4�
w;j �..
i ' � i
l. � G
- I : - l
� ;
�..
- ,{�`_-
; � �,�u.� - ;,,
; �
-- _ �
� / - - — ' �� (/ r
i »,
�
.. , �',� .y. "
. ..` �� �� f �'N 3 { .
� �, { Y �( � i> ...1 l+f..
. 1 � , j'f -_
.�; ,�
- ,.
. ,
- - - - - �
�: •
t��� . .
.,-�,. •
i;,�:? '
W.F__ _
.
,,,
�'�i-�,«��'e �:�.,:. �. ,., ,, :: ,. �.. ,:..r.. .... _ . , . ,.._... .. ...... .. ..... ..
. ��w:,
� . '. _ ��y�
, . � THIS FIRST AMENDMENT TO AMENDID AND 1tFSTATED SlTB LEASB is made 'a�,"�' `
� ��.;��?:�•'
":; and executed as of Odnber 1, 1995(this'Fust Amaidment to Site Lease'�, and between the �.��:�
bp �;�;
COUNTY OF PTTRIN,COLORADO(the•Ixssor'),a wunry existing as a poIitical subdivision • , �_
of the State of Coloiado,and ASPENIPTTKIN COUN'TY HOUSING AVTHoRITY(together ` -:
with any subsequent lessees hereunder,thc'Lessx").a Coloiado Honsing Authoriiy constituted �,;..�'a
- under Section 29-1204.5 of the Colorado Reviscd Statutes ac amended, and ameads the i��';.�'r,
Ammdai and Restated Site 7.ease dated ac of Febmary 15, 1989(the"Amended and Restate� k : . '�'
� Site Lease")�which Amended aad Restated Site Lmse ameaded and nstated iri its eatirdy the e.-
� Site Lease dated as of Decxsnber i, 1988 (the 'Original Sit�I.ease,� aad together with the z;;> :: �.
Amtaded and Restated Site Lease, the'Least"). �':`s;: '
_ - �.�- `
� . WITNESSETH: ;`�r-'-,
;:�:,;_
' WSEREAS,Lessor is the owner of certain reat property located in the County of Pitkin, ;; •I
j State of Colorado, more patticularly descnbed in Exhibit A w the Lease(the"Project Site"); �,
� �a �
WHERFAS, I.essee previausly issned ifs Hovsing Revaiue Bands (Huntrr Longhouse .
Project)Sedes 1989(the"1989 Bonds"),and used We pioceeds of the I989 Bonds ta acqui�,
construct,e,qmiP and install a 33 unit residentiat reatat facility,gene:ally described as the Hunter
� Longhovse pmjoct(collectivety,the'PmJecc"),which apartrnent imits of the Projxt are leased
_ j by the Lessee to low and modezate income perseas;and
{
� WSERFA,S, the Ixssee desires w issue its Houang Refunding Revenue Bonds(Hunter .
Longhouse Project)Series 1995(the'1995 Bonds').and to use the pioceeds of tLe 1995 Bonds
� to zGfund the 1989 Bonds and discharge the Indenture af Trust dated az of Febrnary 15, i989
_ j (the"1989 Indenture.").betwan the Less�aad Coloiado National Bank,as successor to Centrdl �
Baak of Denver(tbe"1989 Tcustee"),pucsuant to which the 1989 Bonds were issued;and
WFIERF.�,S, the 1995 Bonds wiIl be issacd pursuant w aa Indentuie of TYust dated as
of OcGober 2,1995(the"1995 Iadentnre7,betarm the I.essee aad Colorado Nationat Bank(the
'1995 Tivstee"),as t�vsta for the owners of the 1995 Bonds and, ia the case of an evmt of
default uader the 1995 radmmre and foxxlosvre under t6e Mo:tgage,Security Agrarneat aad ,
'a Fumne Financing Statement dated�as of Oetoba 1, 1995 (the "1995 Mortgage"), from the
__..__. I.CSSCC to the 1995 Tivsue,ihe Pzoject may be opecated wit6out the fategoing limiratiuns;and
WB'ER�AS,the Projoct is Iocated on the Psojax�te;and
; WHERF.AS,in aader to teflect the changa refeaai to above,the Lessor and the I.essee '
; desire to mter into this Fust Ameadment to Site I.rase;and
• WSEREAS, aIl terms not otheswise defined hexein shall have the meanings asagne�
tbereto ia the I.ease;and �
343387 0b/06/95 iD,2:i1G P6 2 OF 6 ,�;;
. , � '
h
. u7l7161s.t
I
;
� ___ ___ _ ____. __.._ �.,:7-•--
.
!. _._...___
.._._.. ..--- -_ _ . .. . . . , .
. .-'—..._. . ..._.., ..;. ..-..... ..._ . . . . ro . .
. / . . , . . . . . ;��
. .- � � . . � . . � _� � .� � '; .
- . . - --� ' .. . .� � � .. . . . . . � fl _
. - . . . � • . . - . � , � �.
.` - . � � . . . � . . , -.
'
4: . � . . -• . . . .
,t?q^.�a . . .
;�y;;.���`,� . . . . - � .
;A)
, ^ .
, . ,
1�" , .. _ . * �r���:� s�,+,�. ,
^wi,3.'�•. ;e:Y�x��P- , :;Gr. -� ,da� . ... '��k�!'`
1�1: _�. . ...a.ur- ri�'..J Ut��!�� +('.
'`�� . '
1iH .
r�'� • '� ;i�M1
r , ^;�,
�:_ NOW, T�REFORE, for and in consideration of the mvtual ag:�cemmts,heniaafter '+rllS�a�
�- � ,�
'� contained, the paroies heneto agtee as follows: �.
`�., �
1:
''�'• Searon 1. Amerrded Def:�titions ;��
�'•-- ,.
�� . � (a). AlI rofereACes to the tecm "Bonds" in the Lease shaii mean the "I995
��_�
Bonds." •
}
'� r
N). AIl refecences to the teim 'Indendu�e" in the Lease shall mean the"1995 ' �'
ladenture." .
�•�__ (c). AIl refera�ces to the tecm "Trustee" in the I.ease shall mean the "1995 � .
� 11 WIIG�.� . . ..
=5'
(�. All refe�nces to the tetm 'Mortgage" in the Lease shall mean the "1995
Mortgage.• j+
; Se�on 2. Rck'f:ca�ioR of Lease. Ezcept as modifie�ar amended by means of tlus F'ust i
,� Amendment to Site Lease,the Lease is heaeby ratified and canfumed as being in full force and
effect in all respects by the Ieswr and the Lessee. I
�I , . �
�� 393387� • 06/06/96 02e11P PG 3 OF 6 j
�j a
i �
?:
`... • . . �. , 6 .
-� _ a .
�
�.,, ; � ,
.: _,._ ;. _ ; ,.
• �
.'�. ._ _ `"
r - � :
�w
� ., -
� � ;
i �f ; ;
,
i
�. �I . .. � �'f
��'�
'p �
7M1
,`i : �<<
��;:.
i 'mnu�s,� g °;
-
� —___..�-�--=:-.---.-�.-.'--,-�-�.�..�....x:�,.,_.......�•�----�--'-°°----- — --
�
�' � .
y -
��f ' , � • ��lhe �
• � .
i��h y
_` t �
_ 1 ~ � `
.. . �� -�1�' .
i. !''' /
l � I ! .
1
. . .:. :: '. . . . .. ,..f �� �.
�
. .. �.��• . . .. '
i��'�
;..�r. � � � .
,,y��
��� . r '%aeS'.nl1 w..�'J�l�::�J... �r'�niw.. .. ,.. �,. . .. �.'�..��. '... u�Lf.�^�i�u26aR:trt•`t..?�wY:51r`r arXwarb�ti.-av i.,w..w�cv.....is..:.y'w.^g f�'��Ei,�
c i `
' r'-
' . � .. . �1��.
. ;I;
' ' IN W1TNF.SS WHEREOF,Lessor and Lessx have dul executed this Fust Ammdmmt �'; �;
� y . �; '� .�
;;Site Lease the da and above first wdltea. , •_ ,
;; y � i '=.:�.
`rr�sr: r�ssoR �, `x;'
; COIINTY OF P11T�T, COLORADO _,
�,
� i,
� .
y� - y.
- t
i � � r
�� Qerk Chair, Baatd of Cotmty ' ers of Pitlan o �
--_ � . . Counry 6 ��'' :
r; . � �
�ryTEST: . LESSEE: t
- ASPEN/PITSIN COIINTY HOIISING i �
AUTAORITY s, `
/• ' � "
.. �(� t`�
_. . tazY Chur �}.
�IpKCd �'2�i—l-� � .
• �87' 06/s6/% 02:11P PG 4 OF b �
393
�,
1 � ' .
il �
�• �, . ..
--- . i
I
I I f;
� � C a
;:. _ ..,
i
..'�� . � .. I �I
I �i
„ .��.
n
s.a 4 ,i'.
_ ' ,,�
. • : i
_I � � '
..�;. T �� '��`,.t��'�f�s
, ,
; ,
. • �' ,` , '; - ' :• . ' e
� . �
, � ' J
�. ' .� ` Y
.. � .�� ;y ..
� �;, ��
_ '�y ,
I ��.t�
. . � , .. - I i�..I .
t . .
r:
�
�
t��`�'�.
•�4.
!�
..��['. T �g� , d ._..: �
� •`��C�`�+�'1���F. �x�.tv . . .. � :.�:: _.k��Fi'at�f.'�id<Y�siY�'�'A'k:':.x�!ulu,!�ismy�»v,r+.Le�+¢/e.�, �,:�r,
�f?�r.�`�.,c� �' P ��V� �,;L^ii.se iCs' S,-` �`+�.'- ... u�!t..:. 4�, ;Vi.,�'
�t
. ' y;,
�'raz�oF cor.ox�no � �'
. ;�
s'- ,�o !.:..
'OUNTY OF PTIT�T ) � W 1 .�y
m
The foregoin was ledged befaae me this�day of Ocbober 1995,by � :,,r:
��f 'Gh euQ �.e . Chair of the Baard of County Commissioners of Pitlon
� i `���:.
';ovnty, colorado. � � r
� • � a ",'
Witness my hand and official seaL � �
� . �/1,�1 .�d� �'ll(' °' s � ::
� � Notazy Puhlic N �� '
� �
�y comanssion expires: �
l 1 i—t 3—�t,�—. - � 1
� , .
i
�� ;ti :
i
. o f
� ;
m i
_ � .
�:ATE OF COLORADO ) . . . %
_ • • . . )� 3.
�bUNTY OF P1TSII�T ) '
The foregoing was ackaowle�ged before me this�daY of October 1995.bY Be�Y �
"szmanich,as Chair of the Aspen/Pitldn Coua Housing Auth
; . . . .
� R�taess my hand aud officiai seal. � k
� .
�
Notary Pub' . y•
, ..
, -:
"a i,
- — Colnmission�� • . . .,�PRY p�e �
2�''� ��i
"�� — 'O
anro�•
N�4�tISTQ+6FN� j.,
. . . . .. �i f� . i �
. • 7��4 Y�f¢PO
Op��LO �
�
j .
i
. �
• �
: �'+
�
_,.
��
�
`�suw . 5 �`:
i . . `
I I:'`
I . . _ ,__ ._ .�u..�.�...;ii�n�ti...r:a.^"_"_-y{��t
/ l�.-------- '"'u"�.c.,u+�-=',"°""`� ��'`,�/X ry.
o �L.t
.� � x' �' +
;
t t. �<
... . ,
, ,
_
.
1 . .
, .. t
i i.
t
� . _ '.'� t . ,
....�� 1' .�i
. , -,. , . . . .. : ; . . . :.� .
�.
. : ' . . �f, .� .
- � ��. . : - . � . � , .
. ��� ' , . .. . . . .. .... .., .. . .
,f.
.��
� +
�n .��7�y�k�L y'F.` i "'�'r:�� f�-`�r.�i:..,�}�r. � •�r;:.5$... .kisa7�Vrr� ��'i��UG]fiK�TSG':�:�M��"�✓��SUIi4i�1'iL^L"•►9e�.Rk�'� :f7�:°
. A'
. . �:
a c�� S�
' ' EXEJIBIT A , �::��:;
. , . ,.
,. `:
PROJECT STTE `--:
ir..-,�i.�
�. ;:��,r
' A parcel of]and being a portian of the Pitldn County Community.Center Parcel formerly �i .
` described in two separate parcels in Book 383 at Page 589 and in Book 578 az Page 56Z of the ��`
�x Pitldn County Records; aIi situated in the Southwest 1/4 of Soction 7, Township !0 South, , �
_. ;' Range 84 West of the 6th Priaapal Meridian,descn'bed as follows: ""': "':
Beginning�ai a point whence a BLM Brass Cap set in 1954 for the center 1/4 c:orner � � '
� remarked in 1978 as a spxial Purpose monwnent bears North 89 degrers 29 minutes 19 seconds f�
` Fast 976.86 feet• �.; .=,I .
} . �
i Thence South 25.40 fat to the hve point of beginning: yi
� � Theace South 40.00 fee� E
. Thence South 44 degrees 33 minutes 00 secands West 59.40 feet; �'
�, Thence 281.67 fezt azound a curve to the left having a radins of 167.50 feet(the chord
; of which beazs South 03 degrers 37 minutes 29 se�onds East 249.64 feet);
! Thence Nortfi 64 degrers 04 minutes West 278.15 fee� •
j Thence 73.96 feet around a curve to the left having a radius of 225.U5 feet(the chord : y
" of which bears North 73 dogrees 28 minutes 54 seconds West 73.63 feet);
Thence North 68.89 fee�
• Theace East 38.22 fax; `
Thence North 00 degrees 30 minutes East 71.00 feet; '
Thence North 03 degrxs 12 minut� 16 sxonds East?3.44 fcet; �
� . Thenoe North 54 degroes OQ minates West 18.OD feet; ;
�'Ihencx North 36 degnes 00 minutts Eazt 18.00 fat; q
j Thence SouW 54 deg�ees 00 minutes Fast 18.00 feet; ;
i Thwce North 40 degnxs 53 minuus East 35.a0 fee� '
Theace North 28.00 fa.� ;
Thaice Nordi 45 degcczes 00 minutes East 60.0�fa� � •
+�, ` Thasce Sonth 56 degsees 41•minutes 04 seconds West 74.38 fxt;
_ . � 'Thence South 45.00 fa� ;
Thence East 168.40 fat to the true point of the beginning. �
�
�OUNTY OF P1TI�T,
STATE OF COLORADO• . , � '
�.
: 393387 a6/06/96 02:1iP PG 6 OF 6 { -
j
� '
� � .T�..
i .�.::
, ' i �y -
. . � � �,.
� . • • A_� '_�',
� . .�. ..� ---
� - - --- - -- - ... ..<�.,.� .., - , �` ,�'-�'"' �,
a
1 �
4
.,. . � '' . .. � `'� .� . . � _ ' . � �.,,
� ... . :. ... ' . . '._ � . '. � `; _..
. � `. - .. .. ' . . �/ � . .
. � . . . . . .. . . . ... ' � � � . � ' • � � . ���� � � .
. . �. . . . .. . . .. . .' ' . . . ... � � . . . .. ' .
�
� �y:t. ��ry�.� . ' . • . . � . � � . ., ,
K�
�.}��•: