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Al�lENDMEN'P TO EABT OWL CREER
SOSDIVI$IdN IMPROVEMENTS AGREEMENT -
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j THIS AMENDMENT TO EAST OWL CREEK SUBDZVISZON IMPROVEMENTS
AGREEMENT, made this �2 day of July, 1490 ("Agreement") , by �?,;�:. '
EAST OWL CREEK CORP., a Colorado corporation, havinq an address
c/o Douglas J: McPherson, Mason & Morse, Znc., 514 East Hyman, �4;�
Aspen, Co2orado 82611 ("EOC"), the BOARD OF COUNTY
f CoMMISSZONERS of Pitkin County, Colorado, as the governing body �_.`�
of Pitkin County, Colorado ("County"), and GRE60RY S. ICAYNE and <�
JEANNE KAYNE, having an address of 223 Nicholas Lane, Aspen,
Colorado 81611 (colZectively, "ICayne"}. ��:�°.
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W I T N E .S_ S � T H:
!
-��� WHEREAS, EOC is the developer of the East Owl Creek
Subdivision, Pitkin County, Colorado (the "Subdivision") ; and
�� ✓�,;F'� WHEREAS, pursuant to that certain East Owl Creek �
Subdivision Tmprovements Agreement, dated June 28, 1989, by and �'
`s_ , •� between EOC and County (such Agreement is recorded in Book 596 �
;:z�`.� at Page 310 in the office of the Clerk and Recorder of Pitkin � :
`"=� County, Colorado, and is hereinafter referred to as the �
' J "Subdivision Tmprovements Agreement"), EOC was required by
� County to provide certain improvements in the Subdivision, �.
. including a certain wall drainage trench (the "Trench") [�
adjacent to the foundation of the dwelling unit to be
constructed on Employee Lot 3 (the "Lot"), aIl as provided in �
X��� Section 11 b of the Subdivision Im rovements e t•
_ _,r� ( ) p Agreem n , and
WHEREAS, Kayne has purchased the Lot from County; and '
,• u �
� WHEREAS, Kayne wishes to perform the obligations of
�~�% EOC under the Subdivision Improvements Agreement respecting the �'.
�,;� Trench; and �;
�;� WHEREAS, EOC and County wish to amend the Subdivision
Improvements Agreement to provide for the delegation by EOC to
:-� Kayne, and the assumption by Kayne, of EoC's obligations
�';_� respecting the Trench.
.�Y NOW, THEREFORE, in consideration of Ten Dollars ($10.00)
and other good and valuable consideration in hand paid by each t
j^� party to the other, the receipt and sufficiency of which is � �
~:_"�^� hereby acknowledged, and in further consideration of the �
,,;.� promises, covenants and terms contained herein, the parties � ''�
I.� hereto hereby agree as follows:
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1. Deleaation and Assum�tion. EOC hereby delegates to ; ., �
`�,4� Kayne, effective as of the date hereof, all of EOC�s
"� obligations pursuant to Section 11(b) of the Subdivision '�..
Improvements Agreement respecting the Trench. Kayne hereby �
:,� assumes such obligations, and agrees to indemnify and hold �:�
S.� - i - '�4.
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Sil.via D2vis, Pitkin Cnty Clert:, Doc �.��U •�,L ♦c:..,
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harmless EoC and County from any and all claims, liabilities,
costs and expenses (includinq attorneys' fees and expenses)
respecting such obligations.
2. Novationi Release. County hereby consents to the j
delegation by EoC to Kayne of all of EOC's obligations :
respecting the Trench. County hereby releases EOC from such F� ��
4�..
obligations, and county agrees that the delegation of I,.;:�,R;.,,,�.: ...
obligations by EOC to Kayne and the release by County shall
constitute a novation of EoC's obligations respecting the '4"1r�
Trench. County hereby agrees to Iook solely to Rayne for the �f;�,,t'?.' '
full and prompt performance of all of the obligations
respecting the Trench as provided in the Subdivision � �
Improvements Agreement, It is agreed and understood that the � =
obligations being delegated and asswned hereby are limited to , .�,+ .,,_
those affectin the Lot and not Lot 4 in Section li(b) of the ^_�.
5 . , r.�;.,... �:
Subdivision Improvements Agreement. ;'i!"`
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� 3. Construction of Improvements. Kayne agrees to �
c construct the Trench prior to or simultaneously with the
_f� � construction of a dwelling unit on the Lot, all at Kayne's sole !
_:ii cost and expense. Kayne also agrees to submit to the ,�`
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Aspen/Pitkin County Building Department and ta the �4
Subdivision's Architectural Control Committee the specific
construction plans for the Trench in connection with any
� � application for a building permit for any dwelling unit to be
constructed on the Lot. �
j 9. Release of Credit. Kayne acknowledges that EOC has �
previously credited to ICayne the sum of Three Thousand Do2lars
{$3,000.00) in connection with the obligation by Kayne to �,
design and build the retaining wall refexenced in the fourth
'a (4th) paragraph of Section 11.8. of the Subdivision �
; Improvements Agreement.
r 5. Attorneys• Fees. Should any party hereto be required
� to resort to legal or equitable process for the enforcement af
q any of the provisions of this Agreement, the prevailing party
� shall be entitled to collect from the other party all of its
a reasonable attorneys� fees, expenses and court aosts.
�
6. 6overnina Law. This Agreement shall be governed,
' .� construed and enforced in accordance with the local law of the
�� State of Colorado.
'y:y.�r ' .
7. Eatire Aqreement. This Agreement, as written, T�;
� contains all of the terms and conditions of the aqreements ; "�
� entered into between the parties hereto, relating to the •
i transactions covered by this Agreement, it being agreed that
all understandings and agreements heretofore had between the ���' '
i
parties are merged in this Agreement which alone fully and ,,
� completely expresses their agreement and understanding. ' �;,'
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Silvia Davis, F�itE;in Cnty Clerk� Doc ffi.Ot� �«�'3v1•��>y,.
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, 8. Hod3fication. This Agreement may not be modified or
terminated orally, but only in writing subscribed by the party •
against whom such modification or termination is sought to be �
' enforced.
;'
9. Severabilitv. The invalidity or unenforceability of , .
any term or provision of this Agreement or the non-application .F��: .,
� of such term or provision to any person or circumstance shall �` ��"=`` '
not impair or affect the remainder of this Agreement and its '�,
application to other persons and circumstances, and the :.��k`.��
remaining terms and provisions hereof shall not be invalidated, •1x;.rr° '
but shall remain in full force and effect. i�'`:' -
l0. Cavtions. The captions in this Agreement are for !� ,Yf-;_,.
" convenience only and sha11 not be considered a part of or ,� '.
affect the construction or interpretation of any provision of �3 ' '
t this Agreement. �,;';;- +
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12. Counter�arts. This Agreement may be executed in any `�
= 4 number of counterparts, each of which shall be an original, but
;�`� such counterparts together shall constitute one and the same �?. � � �
-_� instrument. j
: ; � ;` .
j 12. 3uccessors and Assians; Covenants to Run with the ��'3�r
; Land. This Agreement shall be binding upon and inure to the "
� + benefit of the parties hereto and their respective successors �
- � and assigns, and shall be deemed a covenant running with the I �
land. �
� 23. Recordina. This Agreement shall be recorded in the
� office of the Clerk and Recorder of Pitkin County, Colorado. '�
� IN WTTNESS WHEREOF, the parties hereto have duly executed � �
3 this Agreement as of the day and year first above written. .
� Attest: ERST OWL CREEK CORP., -
3 a Colorado corp ation
i '
=�,�c;�'�//c f,;. -� B,. � J
� Secretary Doug s J. McPherson, President �
, � � -
/-�/ ,d �f�f•�vtLC. rC��?'t-e.�
+ GR Y S. KAY JE E KAYNE . ,�
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Approve@ to rm: BOARD OF COUNTY CONIl�IISSIONERG OF �. `,� �.
PITKIN COUNTY, COLORADO
i � � �
� . By 1aV A�.1.�a�!. f G�l 2 1. }'� ; '�
Thoma F. Smith Chairperson � '�
' Pitkin County Attorney � . •1;,,...'�':
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(NOTARY ACKNOWLEDGMENTS FOLLOW ON PAGE 4) '`. '�-`i�
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Silvia Davis, Pit4cin Cnty Cler•k, Doc �.00� ��,� ��%
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STATE OF COIARADO } . '
� ) ss.
COUNTY OF PITKIN ) • '"..
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The foregoing instrument was acknowledged before me this
j ,•'�-'T%fia,y of •=r.,:. , 1990, by Douglas J. McPherson, as President of { ;. `.:` :
; EAST OWL CRF,EK CORP., a Colorado corporation, on behalf of said � ° ;���� `
� corporation. �I � �_�
� ,, { '�i'"�
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i WITNESS my hasxl and official seal. �y�' :
My commission expires: �;-//-';%_; ['�;;M}��� .
-� ' .� .l �$�ly h}�''�.
... � � �.'��l:'j%� i./� `��j L:.�);,c`i�. c:� .
I Notary Public ;:� . '
f STATE OF COIARADO j '!� -J �f
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� COUNTY OF PITKIN ) ' �!r t� �
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,,�{ The for;going instrument was acknowledged before me this �'�
� .� ���� day of (iirl�, 1990, by GREGORY S. KAYNE and JEANNE KAYNE. `
_-^`�. �; �:
_��� WITNESS my hand and official seal. �A:,`.
_•:� My commission expires: -�
. .i � r\- —
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Notary PubZic �
STATE OF COLORADO ) MI�l����� y, �
COIJNTY OF PITKIN � ss. ����.m,1Mb �
' � � The for�oing instrument wa ackn w d e� before me this '�
� '� day of�,��1� � 1990, b� ' d� as Chairperson of �:
F the BOARD o C CoNIIiISSIONERS OF PI KIN COUNTY, COLORADO.
� '�
� WITNESS my hand and official,_seal. . ^ �
My commission expires: �
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