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AN ORDINANCE OF THE BOARD OF COUNTY COMMISS[ONERS '�° .
OF PI7'KIN COUNTY,COLORADO APPROVING THE PURCHASE OF
6.68 ACRFS OF LAND F[iOM 1'HE DART FAMILY PART[�IERSHIP,LTD. � ��>
FOR FUT'[IRE RIGHT OF WAY NEEDS FOR THE CONSTRUCTYON OF �":x a
STATE HIGHWAY 82 ANb AUTHORIZING 7'HE CHAIR TO EXECUTE ','.'.;;'
THE NECESSARY DOC[JMENTS ' �'-
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OHDINANCE#97-� +•".'� `
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1. The Boarcl of County Conunissioners of Pitkin County in cooperation the `� -:
State of Colorado Departmei�t of Transportation("CD07"')ue in position to acquire a {" �"
pat�e)of real propecty as described in Exhibit"A",County of Pitkin and contmonly �: '
known as the Dart Parcel and consisting of approximately 6.68 acres;
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� 2. The Du•t Family Parhiership,Ltd("Dart")is the owner of said parcel and
, is a willing seller; .
_? 3. The County azui tite Dai�t Famity Partnership,Ltd have negoriated a �
purchase agreement whereby Dart will sell�roperty to the County for$60,120.00,and �
it is in the interest of all parties to proceed iitunediaYely with the transaction; �f
� ! 4. CDOT and Pitkin County could condemn property for highway pur�oses
,' and because tltis is a negotiated sale in lieu of condecnnation,sale of this parcel does not
constihite a subdivision;
. i'� NOW,THEREFORE,BE IT ORDA[NED,that the Board of County Commissioners E
-; approves the purchase of said property as described in Exhibit"A" and authorizes the �
j; Chairnian to execute all doculnents necessary to co�nplete the h�ansacUon,subject to e:''
approval of such docuiuents by the County Attorney's Office. , �.
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�j [NTRODUCED,FiRSf READ AND SEI'FOR PUBLIC HEAKING ON THE 23rd DAY
R r; OF APRIL,1997. �;
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i` [YOTICE OF PUBLIC HEARING PUBLISHED IN THE WEEKEND EDITIO�I OF THE �'
j, ASPEN T1MES ON THE 2ud DAY OF MAY,1997
�� APPROVED UPON SECOND READING AND PUBLIC HEARING ON THE 14th '.
E � DAY OF MAY,1997. ;•.
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PUBLISHED FT£R ADOPf10 IN TH WEEK£ND ED[TION OF TS-IE ASP£N `
. � TIMES ON THE i�DAY OF ,l 997. �
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404993 0'S/39/1997 03:03P ORDINpNCE
7 of 7 R 0.00 D 0.00 N 0.00 PITKIN COUNTI' CLERK
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� ATTEST: BOARD OF COUNTP COMMISSIONERS i'�.��,�',+
OF PITKIN COUNTY,COIARADO
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`�!lIY�`��iC.1 � .
e ette Jones,Deputy Bill ,C 'rman .,
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} County Manager: Approved as to Foi7n: �'��
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Suza te Konc n Deborah Quinn,A istant
Couniy Attorney `�`
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(, 404593 0S/19/1997 03:03P ORDIlMNCE �
�: 2 of 7 R 0.00 0 0.00 N 0.00 PITKIN COUNTY CLERK
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� �01-1997 S l:Sh �PRCM P,OBERT F C}'FFF IN f u 7cei,:;;;.v� a_n��...sa�',�y ,}�.
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' Ray„natpe'ed C.u�d Surn:y�� �� :�•:t.0��'•�
" •SLS Coiorudo Avenun , • . '��l�``*
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� Gienwaod Spcings.Calccadc 8I60I ,
(9�0) 9�t5-8664 �;
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' OEtRT PA.XZLY PARTHERSXXP , , , '.
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f1IGHWAY E2 PAXCEL' ' � J,'1•�
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. PRQPBRTY DESCRIP270N - . ' E' �'`��•':
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. A porClon af Tract 73 (alsa descrlbed as Lar s) sud Lois Z5 and 1.8,- Seciioa 27,
toarrshlp S Sou#�. Range 88 Hest', 6th P.K. belrtg�are particvlai�y described as
foll�ws: ' � • .. ?'','�
+ ..• � �= EeginnSng at a U.S.G.L.O. brass eaq proper3y marked•for.dug2e Po1»t SS af aatd , �_
�f' Ti'3ct 73; ihencs 4. 00°02'30" E. 24I.02 feat alonP Lhe Nesterdy line of satd .
!' iracr 73 tv a paini an the Sauiherly righ2-ot-:aay of Afgk�vay 82; 'theuce along . �`
�' sald rlght-of-nay af Xighxa9 82 the Po11oa1ng sis� (B) cautses; . ' • � • , . �
k 328,�9 faef aloug.a curve to the left 3avirtq.s chozd beaiiag of S. 8B'3?!32" ,
E., a chord length af 327.76 teet and�a radius oP 1196.00 Peet; .�� -'> �� t... , �
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:�� � .N. 85°26' E. 463,4 Zeet:• ' • '. .' ,* •: "'•:':� � - �
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� #52,77 feef sloag a curve to ihe r1:ht having a chard bearfng-.of�5. 8D'I�"II3"�. .,, ;
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" E., a chara� 3errg�th oY 448.08 Peet and a radius of 905.00 Peet; .
��; S. 6s°54� &. 238.3 feet:. • . ,• . ... ,.• _�.._ _ •. . . . :
298.23 fast aloug a curve ta the Ieft �avi»g a chord beaz-ing_of 5.,�•7d•23.'38" ., . . : i
E., a chord Iena-ch ot 2°7.06 feet and,s radi�s of 1005.60 feet; . " " ', -
g. Rp°54` 6. 2B3.9B teet; " . � • . . �
�`� thence depsctirrg sald r1Plrf-aP-may ot dighuay 82 and e1onP tke Southerly•21ae ' '
�r af said Tract 73 9. P9°39'I8" fii. SSF0.25 Peet' tn the�Poini af BeYiaalny.' Satd �:
• � � . pn:cel coutaining 8.68 acres, arore or lass. . • , � . �� -
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7'6e ple1N Oo+tlow drhir farm 6�re been.PWo+�d►s /��� l.— � 1 r�1i`._�j w �
Ihe ColaaAo Ikd EdNe Caamhfion.(COS SCA-95)I •.•+ / F r;:;...
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' TIIISFDItMIIl151MMINTAN7Lf:GALCON5lQIIETICFIANDT�EPAR77FSSlIOIJIDCONSUI:ff.lGAI.ANDTA%OROi71E4COUN5EL6CVORCSICNtNC• �'i:•��
VACAN'P LANU/FARM AND RANCII
CONT(tACf'1'O QUY ANb SCLL RGAL�:STATE �` ��'
(FINANCING SEC"1'IONS OMiT7'ED) , ���
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Aprit 30 ,1997 � ' ,:,�
8oard of County Laamissioners of Pi in ounty, Co orado j�,.'
L PAfITtES AND PROPEBTY.
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agrees lo buY,aml the uoJersignW utlec(s)�Sellu).agrtcc lo sell.on Ihe terms aM wnJitiona ut forth in thia contract.lhe tdlowing dcsuibed rwl �-:-.';��;,�,.
ewle in the C.uuMy of Pi tk i n ,Culorado,to wic
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See Exhibit A attached hereto and incorporated herein by reference. I.; :
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vacant land
�cnowu.s No.aeen.we� an wu Zq • . -
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logethu with all intuw of Selkr fe vanted stceels aad alicys adjaoent thereto,all easements and othtt appunrnaoas�hcrea,ail iroprovemrnb �
� thereoo�nd a4 Wirchul fixmra Uiueon,uapt as Ivrein exduJed(cdlaYively Ihe PrapcnYl. ..
i INCLUSIONS/EXCLUSIONS. The puoe6ase prix iacluds ttK following ilems(a)ef anacAed to�he Property oa rhe dsle d'Uus wn- .
� traG:tigh�in&heriin`,plumbinp vcotilating.and air eowlilioning fixwra.TV antennas,walu soheaers.smokeffirU6urglar alums,security 4.j�
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� Jeviar,insufe tekphone wiriaea�couoeclinQ blceksfpcl�s,plaou.mirrors,lloor wverin�s.intercom syslcens.buill-in kild�en applipncrs.sprinkla r
� syslems snd coWrols,buill•in vacuum zystems(inrJudiay aaessories�aad gpcape dow opcnen induding rcmote eonuds;(b)if on We ��i+
. � Pruperty wheWa u�tadied or na on qm Ja�e of lhis wntrut:siorm windows,storm doors,window and porch shades,uwnings.WinJs,xreens, �1.
• artaia rods.deapery cods,fircpiace inserts,fircptooe sercens,fircphea B�al�s.6wtin6 s��s�slorage shods,all keya anJ je)� �� .
N/A �
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(d)NLta RiQhls. Pu¢Iwse price to ioclude 11K fdbwing wata righ�s: NonE
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. � pat to tde growing«ops Seua md Buy«agcee u foUoxs: �N/A
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j� 904688 03/19/1897 02;s3P CpNTRp�T i
� i oF '3 R 0.00 D 0.00 N 0.00 PITKIN COUNTY CLERK
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The.bovo-desaibed iutuded item�pndmiam)we to be comeY�d to 6uri bY Selier bY biu ot sek, N/A
� � deed or aher applicrbk kgal iqsuumeW(s)w tha cMning,Gee anJ cluc of aLL Iaaa,liws aad r.ncum6eanea,eacepl u P�'ideJ in Seclioo li Tde r .
ldlowing u�ac6ed fextura an aoluded 8om Mis sak: None • .
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� ' 3.PUHCEfASE PRICE AND 7'ERMS. 1Le pued�ase pritt ahaN be S 60,120.00 ,p�ye6le in US dd6n by 9uyer o � �,, � `_
fdlows(Compkle Ihe appliiabk tenus below.} f
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� S -�' in the(mm of N/A ,ss tarnal monry deposit aad parl Paymau of tde purc6ase =
Dria,payabk to and 6eld by N/A ,broteG ia i�s trust � Q�' . .
aceouM on be6aifofboW Selkrand Buyer.Broitc&aui6oriud to ddiw the earnat monry depasil lo lhe cfosin;agent.if aoY.at or 6efae clmiu{. �y�_:
60 120.OD ���
The balana o(S—+ (Wrchau Pricc kss arn�sl moacy)ahdl bc paiJ u fdlows: ' , �� �
(b)Cas6�1 L:wia{. =M L-
=60.120.00 ,pluf dosinQ msU.lo be paid by 8uyer al ebsio{io(w�ds whie4 comPly wit6 all applicable Cdondo laws,whieh =g� .
indwk cuh.elavook aanskr funJa.rxrlified cha:k.frvinis■nd ken tcller's cAxt,�wl ushiu's e6cdc(Good Fuads} �S
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� �.FlNANCING CONDRlONS AND OBLCATIONS. ��� -
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FIPlANCINC TERMS,CONDI770N3 AND OSLIGATIONS,PERTAINING TO SBC[IONS�AND�, ���.
� ARE ATPACIIlU BY NfAL F3'1'AI't(.'OA1h11SS10N APPROVED ADUENUUDt AS F'UTAAWS:(chxk u epplia�ble) s�Q ,
❑NCW i.oY4 . =�4.
❑AssumPtian ��h .
� ❑Sclkr pr Priv�k ihlyd-PUty Rwacla�
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Na C&SSG9-95. VAGfi�LAND/PAYM ANO RANL7t COM7ACf TO!UY ANO SEIL NEAI.tSTATE(FLire4�SsuMr OM1�7�C�� ��. '
tHaJlwJ1'uWnLiur,11�)WarccS�.,Ihnvcy(:()YU102-1JU112Y1-tSW—lA5 1'��e1uf��� �
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5.AI•YRAISAI.YNOYISI()N. ((;AcckonlyvneM�aJTAisScc/ion5 Llalwll �ahWlml epply.
tt�I�iYS.xtiuoSapalies,aYi�ufiowJolwac,lluyerihullhuvcthcxWUOP/imuN�p�iouW�crminulediiscontrauif�hopurchaupriaexceWs _
. the NrupertY i valuntiva detumi�l by an appr iser eagaged by .7�
conincl sh�ll lc�minalc by q�e 6uyu cnusing Ihe Scller lo rea:ivo wtiUCn noUoe of Icrmi�ulion anJ a wpy u!sud�upprrisal or wril�en nolice from � " �
knJ�wBich c�nficros the Pmpvty's vaivation u kxs Ihan q�e pureAyx Priu:.uo or IH:forc :�� .
(Appdual UuUline).If Sc4u Jocs nW�w:civc such wri�ten nolice uf Icrminatia�un or bcforc Ihe nppraisal Jr.uJlinr,Buycr waiva any right lo .•'�.
tvmimle under Ihis SCq1on.
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6.COSP Uf AI'I'RAISAL Cost of any apprnisal Io be obteined alYu lhc da�e of Ihis contrect shuU be timely Daid by .
T.NOT ASStGIYA6L& This wnlract s6alt nat be assignabk by 8uya wi(8ou(Seller's prior writtrn mnuM.Except u m mstricted,thn 1���� �
comrut ahvll ipurc to tlu:bnnefit ol'and bc binJing upw�the hcirs,petsanal rcpresen�a�ivu,succcsmrs unJ auigns of t4e parties. �
8.EVIUENCE OFTIT(.t:. ScOa ahall furnish l0 6uyer,al Sella's aprnse,cilhec a curreM commilmenl fur owner i litk insunna poliry ia �
yo�uwuw u�ual w tbe purd�ase price or al Srllu's cLoice,an abstran of tiiie ceni6eJ lu u curreoi dutq on or befwe 10 day5 f Yom Sel l er S _
execution hereof ��i��d��M� �,.,:i,.
1f a iiile insucana commitmenl is fumished,Buyer may rcquire of Sellcr lhal copirs o(inslrumcnls(oc a6slruls of insuumenls)(isled in Ihe g�..:�� � .
aimdulo u(racceplion�(Exa{aiuos)ia�he Iitle insurana commitment also be furpisheJ to Buycr M Selkr's upcnsa This rcyuicemeM stu{I putaiq t:. . •
only to instrunmms shown ot«cord in the ulficc of ihe cleck am1 recorJer of thc Jesignaied coumy ur wumies.Tht�iik insuraoa eommitment, ��`� - .
tustdxr with aoy aopies ur e6strans of insiroma�h lurnistied pursuan�tu�his Scrtion B�CUOS(1(UlC IIIC IIIIC AOI.'UfMMS�lIC DOG11[qCp�S).HU�Df ����
Uuyer's duignce,musl request Sclkr,io writing,�o[urnish copia or ebsiruts of instrum�n�s Iis�ed in the xheJula of rxceptans no laiar�han '��
�• 3 cakndat Mys aller Title Dwdline IfSclla furnishes a title insurana cwnmitmenl,Scller will pay Ilie prcmium ut closing and have ��•��
+ � 16�liqc insurana �
pWi�y delivemd ta Buyu as saon as prazlicabk yller cbsing
9.TPI'LE.
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(a)7ille RakN. Buyer ahall have Ihe right Ia inspect Ne Tilk�ocuments a�b:tracL Wrillrn aolitt by Buycr of unmerciianeability of title w
of ony olhu unsalisfuaury ii�L:�wnJilion shuwn by lhe'fitk Documenu ot abslracl slwll be signcJ by w un Ikhalf uf Buyer am1 given lo Scl4x on or 1���`I'
before_�_caluular Jrys afler Titk UcaJlioe,or wil6in five(5)okndar days af�tt receipt by Buyer of any Tiik Documem(s)or enduru- � •
� meni(s)adJiog now Famp�ion(s)lo the tilk commitment�ogcther wilh a copy of the Ti�k Document aJJing new EaaD�ion(s)w tiik.l[Shcv Jocs �•''�'
uo�rxdve Buyu'a naia by the datc(s)spoci6ul abuve,Buyer acapts the wndi�im of titk u Jisclosul by thc Tide Documcau u satisfaaory. ��' �
- (bj M�ttera Nol S6owo 6y lhe NuWk Rewrda. Scthr shalt d�livcr to 9uye�on or belaro thc Titk Dcadline ul fwth in Scetaa 8,true eopirs a( '�
all luu(a)and curve s)fo Shca's ��+
y( posussion penaining to the Propeny qnd ahaU dixlose tu Buya all easemews,liens or o�her�itk mauas nM �
slwwn by IUe publie recorcls of wdi��h Scllr.�bas actual lcnowledga Buyashall haw 16e right to iospcd iMe Proper�y lo detefmine if any�hird party(s) �
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� hu uny righl ia Nx Propetfy nW slawn by the public records(sucb as aa untuorJal rauexnl,unrewrdeJ kase,w hauudury line Jisaepancy�
Writtcn nwia of aoy uns�sf���a�y�qpA ro�(s)Jisclused by Selkr or revea�ed by wcl�inspection sdall M;signul by or on Ixhalf o(Buyu aod giveq
PYPflltlnn,ro�c617ar 97
l0$C��C(Op 01'bC�OR + tiy ,I9 .If Soller doa na rcaive�uyer's noGce 6y said date,Ouyer aaep�z titk
wbject�o such rig6ls,if aay,o[third partirs d'which Buyer liu aclust tuawkdge.
� - (C)Sptefal Tix1oQ Dishlds. SPECIAL TAYING DISfRICTS MAY BE SU61ECf TO CENEMAL OB4GA770N INDEBTFANFSS TIIA7I5 PAID 6Y pEV&
IVIItS PRODUCF:U F(OOI4t ANNIlAL TAY LF.Y1tS ON TtlE Zl7�ABlE PAOPER7Y WI'174N SU[:N UISTAICfB.YAOYiR7Y OwNEAS 7N SUCII D1STA1CI5 A1AY
B!YLACED AT NISII FOR INCREAS6D�11LL It'VIFS AND 5%C6SSIVE T�IL BUROF:N5 7'O SUYI'()N'f TI16 SERVICING UF SUCII DEBT WIIEiF.CIRCUM-
� STANCFS ANISE pFSULTING IN TIIC INABI{.IIY OF SIN:11 A DLSfHICT M D45CIIARGE SUCI I INUEBTF.DNPSS W fI110U7 SUCI I AN INCM6ASE IN MILl. '
L6YIF3.BUYEY SIWULD INVFSl7GATC TIIE UHBT YINANtING RY.QUIREUfENIS OF TIIE AIIfIpNIZED CENEpAL OBIJCATIOIV WDEBTF.DNPSb Op
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S11C11 D15I'YICIS�k1LLSTING MILL l}:VIL1 UF SU[:/�U4tifY1C1'SENVICING SUQI�NDL'B'fEDNF�titi�AND 7'llk YO'fENf1AL FOp AN INCREASE IN SUCN
MIIL IYYIFS.
� In the aveqt the Propeny is loca�al withio a spaial taxing distria rnA Buyer desircs to t«mina�e this comnet u a result,if wriprn ootice u
' giveo lo Sclkr on or befixe lhe Jak xt foclh in wbseclion 9(b)�IIIIS CUIIIfJClSIIiII IIICC�Cf1A11101G IISCIIC[AOCS OW fCCC1VC BYYtt�511011CC by IIIC C31E
� specified above,Buya acaP�s�de e6rG of tbe Propu�y'S inclusioo ia such sp�xial�uinB dislria(a)anJ waiva the righl to w terminata
Pa
(d)R{�{4t to Cma If Sellcr raeives notia utunmerchaalabilily o(title or any other unsatisfactory�i�le condi�ion(s)as provideA ia wbseclion(a) �
or(b)above,Sellu shafl uu«asona6le elfort to emrect said unutisfaaory tiUe eondition(s)prior m the Jaee af dosin�.ltSetkr faih to correc[said
uqsatisfaclory litk coaJitioMs)oa or befu�e the dale oCcbsing,this oontraa shall then tuminate;pmviJe.l,howevrr.Buya may,by written ndice
� received by Sella,on or before cbsiag,waive objeGioo to said unsatisfsaory�iqe conditioo(s}. � .
ia uvsr¢c1��on. s-_:�o._...,..,M.,:...A..,,.._.�-„_._� N/A I
' ' ' .Buya or aay designee,shaU have the k
right to have inspectioo(sl of 1he pbYSiwl cadition of the Property aad Indusions,al Buyer's aepense.If wriuen aolix of any u�satisfaelory �� Q�
eonJitiao,signed by nr oo behalf of Buya,is ua raeived bY�11u on or bd'orc May 16 ,19 g�(Objatian �° ��� ,
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' DaJlincl,�he physical condi6on o[�he PropenY wl loelusions shell be damed w be sa�isfactory Io Buyer.If such owice is raeived by Sella ss sel �� .: �
fon6 above,and if BuYer and Shcu 8sve oot ogrced,io writiug,to a settkment 16ercof ou ot befae MaY 16 ,19 97 �� , �
(Resdwion Dudline),Wis cowran shall�eimiva�e Wra plcodu days fdlowin`�tie Raolution DeadGne;unless,wi�hio the thme Wendu dry� ��
Selkr«ceivcs writtw notice Gom 9uyer waiviog objectlon to aoy uasatisfaaory condilioa.Buyer is responsibk for and shall pry foc any damage. ��� �
��W 2
wbich occurs W thc PropMy aud Inclusions as a raull o(such inspation. . V►�'
11.DATE OF CLOSING. Thc datc o(dosing shall be May 2D ��9 97,w by mutual agteement rl an ea�Ga ��M� �
da�aThc6ourandpl�ceofdo�ia�shellbemdaignaadby @utual agreement of buyer aod seller (see Se�tion 211� , ��oa�.
R.TRANSFER OF TIiLE. Subject lo under or paymenl at closing u rcquired hercia and compliana by Buyer with�hc otha temu aod�'�����•.
provisions6cR005c11vsda1lucwteamlJdivcragoodandsuRcienl3Peciai Warrantv deedw8uyu,oaetoaioR -- B��' .
' � alt matters of record ��
eonveyins�he Propeny Ga and dear of al!laxa rx«pt Ihe genewl eua fw the year o(cbsin�,and eicap � ¢,
as deStribed 1n the Title LommitWent ,Titk�aUbeconveyedfrceaadclwrofallliemforcpecidimprovemen4 ��g� �
in:qllyd as of Ne date of 8uyer't signaturc Lereoo,wlx�her assessed nr nq;uccpi(i)Jisuibmim upli�y easements(including abk TV�(ii)those � '
mn�ea rcOcc�nf by Ihe Tiik Documaus iixepted bY Buyv in aarordance wilb subscttan 9(al,(iiil thox ri��s,if any,of�Aird p�rtia io�Ae �.m O
Prupeny au shown by�he publie ruwrds ia aceordanec wi�d subsecdoa 9(Cl.(iv)ioclusion af�ho Property wHhin xny�pecirl tuinf disttia,�nd(v) �.:`� •
wbjec�to builJia4 ud zonin{rquly�ionc. � !��a'
13.PAYh1ENT OF ENCUMtlNANCBS. Aoy eucumbnua«quircd to be psid sbW be peid at w betore dosla4 Gom the pcoxeds of thti ��m
lnas�trion nr ftum any otba wur� ��m C .
' �� r
14 CLOSING COSTS,DOCUMEM'S AND S6RVICfS. Buya�ad Sella shatl p�y,fn Oood FL�ds,thelr rcspective ebsio{oosta�od W �
a6er items required to 6e paid u clasing,cxapt as ot6envise prwlded heaie.8uya rnd Selkr shall sign anil�wm�plete all cuslomsry or requiml �m e
documonu a�or beforc closiog Fas for real esta�e cWsiqg srnicrs ahall nol acecd f 200 0� a�J shall be paid at closin4 by __t YI ,. �
one-half each by buyer and setler.
.i Na C�C-9-95. P�6e 2 of� V �I����1��I�I"�'��III�I II��III�II I�I'II III�'I���I��1�! I I �.
, i.i �m4'�88 8i/19/1897 02:S3P CONTRACT "� �
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404Sgg BS/14/198i 02i83P CON7RRCT
3 of !S R 0.00 D 0.00 N 0.00 PITKIN COUN7r CLERK ��'' •
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�1y l'S { .`,
`.�J�RIoW Mmftt lu ' sbUf 6c W W el tioftn{ ,L,
of
yy 6uyer N/F .AnY uics rM ux ux tdat mry�caue beuuu aflhii Iranaactiai slWl ' .
he Wid w6en due hy y:.'�:.
�5.PNORATlON3, Gceenl tua fw�he yar of closin&based on ttm lues for the ulrndar ycar immediatdY Prccedi�dosin6,mtls,wata ' ���'�
a�dseweccl�ardes,owna's�ssocia�iondua,tndintcrutonmminuiogboan(a),i(�oy,and other customarv prorations �
t¢� .c
shall be pronted lo dele ofcb�ln�. - �
�6.PoSSESStoN. po:sess;ou otu,e pmpaty shat�6e de►;,�cW�o g�ya„fd�ows; at date of del i verv of deed
.�'�
.wbjat to the fdiowing kase(s)w tenancy(sk '
No a �,,,. . .
.IPSe(kr,tltadosing,fsiis w deGvu po:scssiou ao tlu date 6uein spai&ed,Sclkr shall be wbjat to cvicliao aod .
sbail 6e ad�tiandiy tivhle 10 Buya for paymen�of S_�!/p per day Gan t6e date of agreed possasion um�posseuion ia delivemL
17.CONDi7'10N OF AND DAMAGE70 PROPER7IL EaaD�u oti�wise prmided in this cowraa,ihe Propeny aad indusians sbsll be -
deJivered in�de mndition uistiog as of the date of this contraa.mdinary wnr aed tear e7ccepted.Io the everd Me PropcnY�a�l Ix damegeJ by Rro :e:,r..,�:
oc olher caswltY Prior to lime ofcbsing,iu an amount of not marc tAan tea prmnt of thelaal pur�hru price,Seller slull be obligaled Io rryair tde
� same before the date otclosi�p in the e�ent such damage is e�W repaired wi�bia said Gme or if the damaga aceed such wm,lhis eonlnct mry be `�� �
termina[ed at lAe opliai of Buyer.56nu1d Buyer dect to cury oul lbis wntract despile sueh damage,Buyu sAai�be entdkd fo crcdit for all rhe �. - • .
� inwranee proaeds ruulun;from such dama6e to fhe PropeAy and Indusions,not uceedie&however,t6c total purchex price ShouW any Indu- . '
� �� sion(s)w servia(s)fail or be Osmaged betweco llk dalo of 16is tartract snd the date uf closing or the da�e of possaslon.whicheva shall be udieti �
- � �hen Se1W shall be Gabk for the repair or mptacemea of such inelusron(sj or scrvice(sl Wilh a aeit of similor siu,age uid quslitY,a�a Wuivdent
aedil,kssqnYimunnceyroox6�eaeivaf6yBUyumvecingsuch«pairocrcp�acemem 7heriskoflou(orenYdamagelo�rowiaL�VS,6ybreor �
qhu cawaltY.e6ai16e boroe by the p¢rty entitled to ihe powi»g aops,if aay,as provided in Sn:tion 2 a�xl such puty s6ai1 be eaNtkd ro suc4 •
� iosuraoa protteds or brne6�a for t6e growi�cropa,if aqy. .
7&TtMBOi%ESSENCFJNEMEDlES, 7imeisot�heusenahe�mLlfeoynotemchcekreaiveduearnes�maMyhereu�deraanyaAu �.,
paymwi due hereondcr n oo�paid,6onorcd or teodorcd when due,�if any whv obligation hercu�dcr is�perfornaJ ot waival as 6eran A:-
proa�idtd,lhde sMall be Ihe tdlowiog rcmedies: ` ''
' � {�)IF BUYER IS IN U6FAUI T: - �t�
(cpcek oue 60=ady.) I i
� +
� ❑(1)SpeclBePedarm�nx I
Sclkr may eiecl w ueat lius wMnA as eancelled,ia whieb nu�tl p�ymenp uM thin`s af vnlue rcceFved fxrcunder shal!be fmkited and
� remioed on behnif of Sdkr,and Salier may�cover me6 damagn as mry be proper,a Seller may ekel to lrcsl this coutnet u being io fuU �
�� fora end el�l�nd SeUct shaU 6ave the rig6t W specific perfmmeua or damagrs,or bolA. '-
�(I)L9oid�led Dun�aa. ' "
. f �u wr�nu.�a m�s or�,we��ea�a�r:n.0 t�rarw�a by so�er sna rwc�wa on�r or sene��a nan Paarc:�n.0 € :
t Iherafla 6e�from aN oWigatiau bercundu.11 is agrccd t6at such paymrnn aad thi�s Mwlue are UQUIDA7'6p ppMpOES aad !
' (aapt es providod ia aubsectiai(c))arc SE1.1,ER S SOLE AND ONLY REMEDY Car Buya's Gilua to perfam Ihe obliga�inns of t6i�
�i 6i�
�. oontnet.Sdkr a�P�Y waivea tde remcdia of apaific pafo�aad rdditiooal damega.
� (6)IFSELLEAISINDEFAllLT: '
t '-
� Buyer may elsct tu treal thia conuatt uemalkd.ia w4ich cau aU paymentr ud things of value recaved herennder ah�llbe rcwmM end .
� Buyer mny reaver suc6 damages as may be propa,a�8uycr may dsa to ueat this cootrap as 6eing in fu4 fwce and e(kct aod Bnyer
i
shW�bave Ihe right to speciGe performance or damages,or bWh
(. (e3 COS'I5 AND EXPENSES. �
l My�hiag�o du cantrsry 6erein notwithsl�ndiog,ia the event of anY ubitnlim w Htigation uising ou!of Wis contnq,Oie ubitntor a
• F
A . catrl shaU award to tbe yrewaing pariy al(teasonabk oosYS�nd upenses,iacludin6 at�ornry fea. .
� W.EARNES7'MONEY DISp[ffE. NMwithsknding wy tamiaatim of t6is wntnct!Buyer and SeUa spa th�l,in fhe evtot of wy
' motroversy�egardiog�Ae earnest mrnry aod tpiags o(value held by broker or cWsiog agrnt,uoku mutud writtea iest[uctiom�rc roaeiyed 6y tHe
• holdu dthe arnat monry eod thiap ot value,bmker or cloaidg agrnt sAaU not be r�uimd a rake sny utioa 6ut mry await�ny proaediag,ai1
Droker's w�iasiag agem9 oD�aad sok discre�ion.mry interylud dl pecti's and depusit say moncys or thinge of valuc into a caurl o(compe�mt .
jurisdicYion and shall rscovet courf cosls and[eawpabk ettomry ke.
' 7@.A4TEHNA7IYE piSPVIE RNBOLUTION:MED(ATION. if r dispute acisei rclatiag w this oontnd,ud ia oo[radved,the p�cties
and bmkats)involvcd in aw�dispute(Qisputantsj shail6eat pmaa!io good faith lo mbmu tbe madn to mediatbo.The DispumNS wip,jotoUy �
appoint an acapubk medioar ood will aharc equally ia Uee eost�'aucd media�ion.lu tl:e event the emire dispute is od resdved wilhin tAirty(�O)
� akndar daya from the Jate writtrn odia rcqucstiaQ mWiation is xW by oue Disputwu to Uu othe�(a�t4e med'wtioq unlas oNuwiaea6�eed,epal! :.
- tumioata This txtioo shall oot allu say da�e in lLix contnct,uoks�ahecwix agrad . ' .
21.ADDi770NA1.PllOVIS101VSe (7Leleoguagea(1Laeadditionalpcovisioas6atnotbxuapqa�edbytheCobndoRalEwteCommisvona � '
� �
A. This contract shall clase .iaenediately.prirr tocertain Purchase and Saie Agreemeat between �= �
r� �seller, buyer and the Aspen Valley la�d Trust relating to a sale af a conservation easement ��
by seller. To the extent that the closlag date of the sale of the conservetion easeraent is '� �
later then the closing date descrfbed in Section 31, the later closing date .shati apply. ���
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�
B. The actunl purchese price shall he ad�usted to reflect the attual acreage being conveyed ���M 6
. mult1p11ed times ;9,000 per acre. —��
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�. 12 AECOMM6IVDATON OF LEGALCOUN5E4 By si`nin�tbis documerY,8uyer and Seikr ackoowledBe that the Se11in6 Qompany or ��p
� the Listiug CompanY 6as adriud Ihal lhis dowmeol4as imponant kgal conuquences rnd hu rxommecd�d t6e examination.�f ii�k and consulw �•��'
- tion with kyl and lu ar o�hucounsel befax�igoio{tpis oan�act. �'�
23.TEHMINATION. la the eveot�dis coulnn is tuminated,a9 paymenn aod�hin8s of nlue iexived 6ereunder ahaR be rcwrned aad the
� � Wr�ia shdl6e rclievcd of all obligations hvande,wbJ�to Settion 19. �.
� 24.SEtl.INC COMPANY BROHER H6LATION511IP. The sdiing brota. b�A v �
N/A ,and iu salapecaoas hm 6ecn eopgal xs N/A ,
' . Shcing Compmr hw PttvimWy dixlosed ia writing ro the Buya tNat didcrent rUatiooships arc availqbk which indude buyer a�nc7F selkr ageney,
� wbageo�y,m tnnsettiao-bcoku.
. i 25.NOTICE TO BUYER Any mtia lo Buyer sha116EoNxlive w6en n�ceivcd by Buya,w if this bmc is e4ecked G wMa rtaived by
� SeHinaCanpany. . .
26.NO7YCE TO SELLER. My edim a SeJkr shall be eBMive�.firn ceceivad by Sella or Listing Company. �
! 27.MOUIFIGTION OF THIS CONTRA4T. No mbsoquenl rtwdi�cadon oFany of Ihe tums of�his contract shall be vdid,binding upon
� , the pu�iu,ar eaforteable unkss ma�k in wtiting aed signed by the pazliu. •
1 28.EN77RE AGREEMFIYT. This cootncl eoaalilules the eolire contract betwern Ihe parlies rdali�to Ide subjeq htaaf,atd any prior
i
agrcema�u perteiuin6 thaeto,whe�ha ora!or wrilten,have been merBed aod imeka�eJ io�o this.mntrm.
. � 29.NOTICE OP ACCEPfANCE:COUMERPARTS. 'f�i�propvsal shaU eRpiro udess aaxp�al in writim,by Buycc ind Selkr,as evi-
�� denced by tleir signawm bebw.and�hc o6erie8 Nrty«aives nalia of such aeaptance m or before Na� 16 . '
19 SZ,_IAea7'��line}If aaryted.lha dowmrnt shall baane a contrut belwan Selkr sod Buyer.A oopy of�his(bcumeat mry be ��
' E acecuud nch rt. a�e,and w6ea aeb pe�t has rxavmd a thamf,wch es taken t '
bY Pa Y xW �Y Y �PY �W oBelher shall be dcn,.cJ a be e fuU aad
�' mmpkte conwn 6aween rGa. . E�
BOARD OF COU117Y SIONERS OF PITK[tl CWNTY, COLORADO
�M / /�yQ r� °e� ' `
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nue or e��r'�si6�aWrc ��// •/ ,19 97 Due of Buy�r1 sigwturc .19._ t
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B�ra,�de�s 530 East Ma1n Streei, Thtrd Floor, Aspen, Colorado H0611 � �, ,
. C9 ,
OART AMILY PA ER IP, TD. , a Colorado 1lmited partnership � �
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s�-By:...Jane3�-1—C. Dart. Generai rtner �* � � �
�t��� 3.1NruEL� r g� =wz
OatEof Seller's s�gaa�u _ 19._ Da1e of SeUv's signalurc . .19_ �'is.y �
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Se1��ryMdray 8fi6 PaYaeen Drive Boulder GO 80�03 ��qd
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' 7'he undersqned BrokeKs)acknowkdga tecript of�he tarnesl money dcposil spccificd in Seclion 3.and SeUinB ComyanY wnfirms W Bralea �4 0 !.
RclalianshYP+sset for16 in Senion 24. ��2 �
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