HomeMy WebLinkAboutbocc.res.183.1992 �___�u ,�...�,..._...�.�..�.�n��.�.. �
�
,�" . �
..Y.�t . � � . .
..,.. �� ;� : .�ti �y� t rL �r�i��.,�. . .. p��! . ,`� .4 C���-,:; � � .�'t 7 Te"r�v n'�*�xa...'.
� �� ���JY � c�by:_ � �r �..�t�^` a�lj4.�"`hf 'S���"Y•r �...''. . i fv'.;:..:.� *�:.`171�'f;,��., .�-. .
� d�; :.y. !� x t,r �- 1� x t.• 4� .1N1 ..
_ 4 „Y ,�,�, �.r��a� . �� �.
t,� r��:w�?w +�s�F � � �y3 �,}L���`v � �. i �7fr
. _ .�;��'f S- �:J�: •p
1 �F�y y�,, 'p;
� �. ^ •"! _... . ��� . �.. . . . . -n...'6� i� L '.� ' ` ,:�.
_ " #345693 46/11/92 10:51 Rec �.04 Bk 680 PG 416
' Silvia Davis, Pitkin Cnty Clerk� Doc �.00
_.1
`v,
' A RESOLUTION OF THE BOARD OF �
i COUNTY COMMISSIONERS OF PITKIN COUNTY, COLORADO, j'.
AUTHORIZING EXECUTION OF THE MOORE REAL ESTATE CONTRACT �
j AND APPROPRIATING FUNDS AND AUTHORIZING THE ISSUANCE OF ITS
� GENERAL OBLIGATION NOTE IN CONNECTION THEREWITH
_ Resolution # 92—��
�:',-.
j l
- - - RECITALS
Whereas, Pitkin County, in the State of Colorado (the "County" �
and the "State," respectively), is a duly created political
subdivision organized and operating as a home rule county pursuant
�`" - to the general statutes of the State and the Home Rule Charter of '
. the County (the "Charter"); and
�Y Whereas, the members of the Board of County Commissioners of '
�'? the County (the "Board") have been duly elected, chosen and �
`':l�'' qualified; and ;
Y,�. } �
Whereas, at a general election of the electors of the County,
duly called and held on Tuesday, November 6, 1990, in accordance
with law and pursuant to due notice, a majority of the reqistered
electors of the County voting at said election voted for the
�„r�' formation of an Open Space and Trails fund and an Open Space and
` Trails Board of Trustees for the purposes of preserving and
developing open space and trails resources in the County; and
" �=� Whereas, the electors also authorized a property tax mill levy
of up to 2.5 mills for the purpose of funding the purchase,
improvement, and maintenance of open space and trails; and
_ � Whereas, the electors also authorized the issuance of general ;
�."�`�� obligation indebtedness of the County in the total principal amount =
� Ot
_; Y,�st of not more than $12,000,000 for the object and purpose of funding '
the purchase, improvement and maintenance of open space and trails; ?'
' _�, and '�
��,:. 1
_ Whereas, the electors also authorized the County to issue the ,1:
� general obligation indebtedness at a net effective interest rate ;j`�
' not exceedinq 12.0� per annum, and with a maximum term of 30 years,
�° and to be paid by a general ad valorem tax which may be levied on
all taxable property within the County without limitation as to
�.,,� rate or amount, provided however, that the actual levy required to
. service such debt shall annually be deducted from the 2.5 mills '
�.";- also authorized to establish the remaining levy so authorized; and `a :
_ -��" Whereas, pursuant to such election authority, the County has
4;; heretofore not issued any general obligation indebtedness so the
entire $12,000,000 remains authorized but not issued; and y.,
s.:
�M��.J� t ��.�:
.�� f
a��..-- y �_
�.��.z:�::�.
� ',.
, ..,.... W`
ti m--- - ---.............,,.,,,,,,,� i .
�,. 'usc°"`^i' I +a;4.� 'daYrrr� �siu.�� � ^_`-..-+.u.��[:K,
- ��' . . �.� ��4, :�s .. ..
�i` � .
•,l � + ``y '_ . ��„ ,. _
�� w,�," :��. � .. � � , .
.�1 • .- . .. . . � . . !' ' '
,��� . . . �r � ' � . - .
� . . I
. ''W • . , `.. . � 1 ' ' . � . . . . .. . •�.
` .. . . . -. . . i '
� ' - � �.� � ..
. . .! . ' . . . - .
Y._�` ' . • � . .
�� � � \..+f"r .
.��� �� �e'"1�l+��A'�t 7 �Y �'��S��'.'�`�,. i t �f�-� S'�it>3 �r�} �' "r�� x�t ,.:,�i.�� `��.n„et �a ,
� r � � �
. 1r'�T� r� � �� .e-� � { ���i ��.t��?�!� ,!f - � ?.
�Nv� �,�,4 �.�� Y''.��'� F"�y�t5�'�►. 1
� j �� i 8t k ��i � '�E''a � Y 1} � � �'
'� «4{ :�,� :i' "�4.f: 1�� � :.��� f r t�n' F �
, . . � . _� , '�. . 1d�. ,
#3R5693 46/ii/92 10:51 Rec �.40 RK 680 PG 417 '
• Silvia Davis, Pitkin Cnty Clerk, Doc �.�7n �
�- _ ;...
�-;;:
�: '
;= Whereas, the Open Space and Traila Board o£ Trustees, has, on
a behalf of and subject to the approval of the Board of County
3 Coaunissioners, entered into a contract (the "Contract") with Thomas =.
� and Alberta Moore, representing the Estate of James E. Moore, for a?�; '
1 the purchase of real estate that is appropriate for open space and [��;,
trail use (the ��Moore Property"), and
,- ,",,_
. Whereas, attached as Exhibit A, and incorporated herein by r"'
reference, is the Contract, whiah specifies a purchase price of ',..,
�?,1�,
� - $3,062,1�1.64 payable in the amount of $370,000 at closinq and
e2even annual payments of $370,000 (includinq interest at 7.61� per ��'
F annum) thereafter; and • k. .
Whereas, the $370,000 at closing shall be provided from funds ? �
�� accumulated from the annnal ro ert tax le
, p p y vy authorized by the � ,
voters and the remaining obligation for eleven annual payments of
$370,000 shall be evidenced by a general obligation note in the
amount of $2,692,131.64 (the "Note°j and further secured by a first
deed of trust. "'
-? NOW, THEREFORE, BE IT RESOLVED, by the Board of County y
- Commissioners of Pitkin County, that:
, Section 1. Authorization of the Contract. The Board hereby �
grants approval of the purchase of the Moore Property for open �
��r.a��'y- space and trails purposes and authorizes its Chairman to execute
the Contract and associated addenda attached hereto as Exhibit A. �
_4-.'"..�� � �
Section 2. �ppronriation. The 1992 budget is hereby adjusted �
.4 to provide for the purchase of the Moore Property as follows: �
Moore Property Acquisition $3,062,132
Proceeds from Note (2.692,132 E�
- ;� Net from Open Space Fund Balance $ 370,000 � �
� � ` � Section 3. Authorization of the Note. In accordance with the �� ' �
constitution of the State of Colorado; the Colorado Home Rule j
;,_ Powers Act, Section 30-25-201(6) (a) and (b), Colorado Revised a
Statutes, as amended; the Hom.e Rule Charter of the County; and all �
�'.
- other laws of the State thereunto enabling, the Board, on behalf
of the County, hereby authorizes the issuance if its qeneral ';
obligation note in the prin�ipal amount of $2,692,131.64 for the _
purpose of purchasing the Moore Property pursuant to the Contract.
Section 4. Note Details. The Note shall be dated as of the
date of closing, shall bear interest at the rate of 7.61� per
: annum, and shall be payable in eleven equal annual installments of
principal and interest in the amount of $370,000.
i� �I.'
` Section 5. General Obliaation. The Note shall constitute a * ,�`
� general obligation of the County and the full faith and credit of ����:
� the County shall be and hereby is pledged to the payment thereof. _Yj ��
n
� -�j ��,.
.r 2 '"'�a�
,
! :
V 5�ir-;'
r �
(-����- � ,� : �.�.�
� . .d� :..1:
�
� �
.T'p^—{`..-'-"'�^-' "— �.'� �!r+--`�^��owrowna.+Y�:�..a�:.a.y4�+�a+p'.' �°-c"—"—. .
:,'�? f.' , _;� . ..: ��y _ .
!:� � ' rrv���- - .
- � .��� '�. ` .rr'E'.�� �
u t ',.
,
. , . . . C .
... - . ,:., .. _. . . .. ,. _. : .
� a'
'� �� �.r f
. ,it • " •
� _ ' •
! , ' ' . 4:n
�, � .
I .. '�' . . . . ' , � .
Y �r
:.� . . . r . . !r t�'a � �
�,.,
- .'et f°c( . r � '�jy+a?.:.'' • �� 5;1��' �n'�`ie.� } ?, v � ..i. }C�=`.!u�,^�;�Jif;sG;�'� � � .�
�.+ � f � �' J�("a���` �Yi
.._ �Z;•, ���r �'�bi ,�:y t�'� � i �r. �x�. . ti,
_ - t'� � -�4 �'� �i..�.�S��.t5,�r �`�'� 4:
1 . � � v�� a,�i�a'y,�. �'�,� � 4.�'.r"i �a ,�,�.f`A�;q� ( ,t� ti
{� ytF y h�at F" yy ¢ t'' . .. .....��� _ . . .
. .�I� . , Y.:7.. . CtR%I.,�. ."lK�:. _ 'J . ., . . sc . .
. #345693 96/11/42 10:51 Rec �.OU Bk bB0 FG 41B •
- Silvia Davis, Pitkin Cnty Clerk, Doc s6.nq
. .{ C,
�
� Section 6. Pavment of Princit�al and Interest. There shall � '
be levied on all taxable property in the County at the time and in ''
'I the manner provided by law, in addition to all other taxes, direct �` -
annual taxes sufficient to pay the principal of and the interest y_'
accruinq on the Note promgtly as the same shall become due; '='�"'
provided that nothing herein contained shall be so construed as to '':;{,:.
prevent the application of any other funds belonging to the County
and available for that purpose, and upon such payments being made,
- the levy or levies herein provided may thereupon to that extent be �'"'`
� . .. . $ diminished. The direct annual taxes levied to pay the principal
g and interest shall be in addition to any, and all other, taxes
_ , j levied to effect the purposes of the County. The sums herein
provided to meet the interest on the Note and to discharg� the r:`
principal thereof for each year shall be included in the annual
' 1� budget to be adopted and passed by the Board of Commissioners of
the County in each year. No statutory or constitutional provisions j
:.� enacted- after the issuance of the Note herein authorized shall in i
� any manner be construed as limiting or impairing the obligation of
�"• the County to levy ad valorem taxes without limitation of rate or j
amount for the payment of the principal of and interest on the �
�.:y: Bonds. �
,.� t
� 5ection 7. Tax Lew. It shall be the duty of the Board �
annually at the time and in the manner provided by law for levying
other taxes, if such action shall be necessary to effectuate the
`=�,;�+.- provisions of this resolution, to ratify and carry out the '
provisions hereof with reference to the levy and collection of `�
- taxes, and the Board shall require the officers of the County to
levy, extend and colleat such taxes in the sanner provided by law
` ,�; for the purpose of paying the principal of the Note and the F
interest accruing thereon. ;.
i
Section 8. Tax Disclosure. The County hereby discloses to
�t . .:= the owners of the Note that it is not issuing the .Note as a tax-
� , � � exempt obligation and that the interest on the Note may therefore �: = ,
be included in qross income £or federal income tax purposes. The �:
- � County also specifically does not designate the Note as a '
* ,� "qualified tax-exempt obligation'� pursuant to Section 265(b) (3) of s:
Che Internal Revenue Code of 1986, as amended. � ��
•"^� Seation 9. Events of Default. An Event of Default shall #
� exist if: '
� A. Payment of the principal of the Note is not made by the
� County when due.
' B. Payment of the interest on the Note is not made by the �
_ County when due. ',`j;.,:^
� �
C. A petition in bankruptcy is filed by or against the 4 F
, '� County, which, if filed against the County, is not dismissed within ,�s��:
� � ,�,
��;,�i�i.
3 i�� ,M
���.�
zr
:i: ' �l.
l:,
>.9.: .
�l
�
l.
�
.'GUCE.�:*;�i�K�.s�'u.+�{'sttiNA:�13.1bAG: '.vta�.�.W�-�-"""�.*.w.ac+r.r'."�-.: )
, 'Y . ; y .
� y{'
` �t S �. . t� �';
.,:: v
�`� _ �� �
��k - - �� . -
.E :,��.�
,� �:.
.�� .
, .. , ; ,
_ '+; ,�,,� ' - '' • , .
�'� � . � , 1
.. ' . ' , �. � � . . , t�� . .. ' . .
•-.. �. - . . _. . .
,Y.,��di't. .' . . . . .
��
� r r�1 .^Y� r+
� .r.�v ..�j� � 1;ct � � t � �.�. r�y ���.,..4 .. � r� -' � � }���Ti+ .3�l. �... � v .,� V.,..�s. {�-{�as�r;.� � � -�i
� �. � r �,,� ,t � ?' � .:�,. �. *�"•'�:'a �r:'
;�+7� ���'4if J^� �� i n *�, t l.Era.�iT y��1'�..� t
7� � �, 6 � .��`� +'.''�` .` rrl � �a ��,�'�A/,."{, }s ,�:�Y! t
� � A �4f,� ,k . ���� �.
� ;t`!�' a r� y �� � is. t .�i'Ei� � . } !_{
; '1 t ,+�,"1'.'�r �� '��• ."rFl�,. ... .�'l�iiYC�.y. ;- . '
. ,."�'- - S..
#345693 46/11/92 Sd:51 Rec �.OU FtK 680 PG 419 .
- , Silvia Davis, Pitkin Cnty Clerk, Doc �.00
� 90 days after its filinq. �`� �
� Section l0. Remedies. If an Event of Default shall exist � •~�
Y � i:,' _
; any owner of the Note, or a trustee therefor, may enforce its �_ :
i rights hereunder hy any available legal or equitable remedy, ;.
including mandemus, specific performance, the appointment of a `a:;.`...
receiver (the consent to such appointment being hereby granted), ���`-�
. injunctive relief, requiring the Soard to act as if it were the �'���`•`:
,�':;, .
� trustee of an express trust, or any combination of such remedies. r;^�
, All proceedings shall be maintained for the equal benefit and ';cc::.
- protection of all owners. The failure of any owner to proceed does
not relieve the County or any person of any liabiliCy for failure
' to perform any duty hereunder. The foregoing rights are in
. .,,i addition to any other right, and the exercise of any right by any :y�.-
owner shall not be deemed a waiver of any other right. '>
.',� t'
�� Section 11. Amendment_ The County may amend or modify any �
provision of this resolution without the consent of or notice to t
�"-`� the owners of the Note, as £ollows: i
�� A. To grant to or confer upon the owners any additional � . 6
_ riqhts, remedies, powers, authority or security which may lawfully �
-- be granted or conferred. !
� :
B. To cure any formal defect, omission or ambiguity in this �
��i
resolution.
- C. To add to the covenants and agreements of the County set 3 ':
� forth in this resolution. �
x� D. To subject to this resolution additional revenues, : ,
properties or collateral. z
,
In addition,the County may amend or modify any provision of �
�-:. this resolution with the written consent of the owners of not less �
' ' '"" than a majority of the principal amount of the Note then �;
Outstanding; provided that the written consent of the owners of one ; '
� hundred percent (100$) of the principal amount of the Note then
•''�'=� Outstandinq is required to:
�,;.
�` A. Extend the maturity of the Note or change the terms of
redemption of the principal of the Note; '
::il � ,
� B. Reduce the principal amount or interest rate of the Note; �.
F or �
� '
C. Reduce the principal amount of the Note required for
;� consent to any asendment or modifications to this resolution. s ,
}�"1 In addition, the County may effeat any other changes in this �j-
resolution which, in the opinion of an attorney or firm of ''
;� attorneys whose experience in matters relating to the issuance of �
5 #��:
n 4 �u�:.
'{a�', c��, :.
3x��,,
t.` �� Y�J. -
t�-�: � .:.5_ �..
�-.
�
t�_'�.�� t.'• '. ? /.� � r �.� — '
' �
.. •
. .��� . . . . .:a .. .. '.. i ! ,.� NS�♦ .
r ? �- .i
... ::� . �. . ' ..�: .. .
'� .� ' .i .�/1 .. ..:: a .::'.. . �.� `.... y ";' r .. .
,%J,:
�� ,t �� � ��
.;,�'� y` _ ' •
, �'� , `� 'i� • � • .
� - � :
.� . ... • . . � , .. . . - . • .. . . � . . � � � .1
i . ' . 4,f .
�76
��
. . ,1�.� . • . . . .
Y �
.���,. � t... -.- � . a ( t��:. r � ,�• t �..i'Y. ��a�� �t '..
1�, � 4{s �t�� Y ��� tk'�!t•.- 1 .i�f' �� . y��5� '�A� 1�.. �s J$.� n 1.,.�.+-i v{-A:t
� ��fii ��r 3 y�s+ �i�,,4 y fa c� �^(K�� �iG � ..F�n . y.
;t,y� I� h s� ,_� �) 3i �t rL�, a,, �y.. , r..�' y
L i- �L'Sµ ;'� ��t M"� . 4jr .i'_�.t�� x�, ��
� W� �Ma,.�.. ���J� /. "� ��4 1 n"1y`� 1 (�.
'�`'.. 1��.�` . r`� � � .. `�F•' „ ..�
. .�
� �1� :�t , ��� , ,
..
#345693 U6/11/92 SU:51 Rec S.OU BK 680 F'G 420 •
, Silvia Davis, Fit4;in Cnty Clerk., Doc �.4�J
�� obligations by states and their political subdivisions is
nationally recognized, do not materially and prejudicially affect
� the right of the owners of the Note.
[ Section 12. Defeasance. When the prinoipal of, premium, if '-
! any, and interest on the Note have been duly paid, the pledge and
! :.
lien and all obligatians hereunder shall be discharged, and such
.� Note shall no lonqer be deemed to be Outstanding within the meaning
of the reselation. There shall be deemed to be such due payment �Y
of the Note when the County has placed in escrow or in trust with �'
- a commercial bank located within or without the State, and i
exercising trust powers, an amount sufficient (includinq the known �
' minimum yield from Federal Securities in which such amount wholly 3 .
or in part may be initially invested) to meet all requirements of
'..'� principal of, premium, if any, and interest on such Note as the
same becomes due to its final maturity or upon any redemption dates
- as of which the County shall have exercised or shall have obligated �
:,:��� itself to exercise its prior redemption option. The Federal
-<�. Securities shall become due at or prior to the respective times on !
� which the proceeds thereof shall be needed, in accordance with a ; :
!_;,:, schedule established and agreed upon between the County and such
bank at the time of the creation of the escrow or trust, or the
Federal Securities shall be subject to redemption at the option of ;
the holders thereof to assure suoh schedule. �
?,�,y Section 13. Direction to Take Authorizina Action. The
Chairman of the Board, Commissioners, Treasurer and other officers
and employees of the County hereby are authorized and directed to
� --'� take all action necessary or appropriate to effectuate the
• ; provisions of this resolution, including without limiting the
��• generality af the foregoing, the execution of the Contract and the
Note.
;
5ection 14. Findinqs. � .
' ~,� "�"�i A. The Board hereby finds and determines that the Note has t
, ��+.; a net effective interest rate not in excess of the maximum net � �
effective interest rate of 12� authorized at the November 6, 1990
*�'� .� general election. i
__ y� I � i .
;c� B. The Board hereby finds and determines that, after the s `
issuance of the Note by the County, there will be an amount equal
�,�� to $9,307,868.36 of authorized but unissued general obligation �
indebtedness of the County for open space and trails, f
.°�� C. The Board hereby finds and determines that all of the �
provisions and limitations of any applicable laws have been met and
� satisfied.
�; rj
� +�? Section 15. Contract with Owners. After the Note has been � `,^.
issued, this resolution shall constitute an irrevocable contract � �`-;
between the County and the owner or owners of the Note and, except .�,y�s,
,hy_ 5..l
5 �.:
.�'�� �„'4..,,;.:
•. � ,
,� . ,Y':
;�r
F �
.� ��`'
.
'� >:..
,�; .---.._......,...,,,,,.�;,,
.
.
.. di .. �'���:`_ r.:' �„ �• , . . - ---._�""c��:zdir�t
�= f , r
. -:'�F� b ~:=� . ,'��s� _ : .
. . .
"a� .
.. . . . ,:. . ... :.-.
,
�. � �, -.... .. . . . . -� . .
r - .
. � . �^.
;�sy
' � � 4�•.k.•. �' . . . . ... •
� ' Yf�� `.; � • � �'J,.�. ' . .' � - ��� .
�'
. . .
� ��'j{��{.L � . .-. _ • ( . ' . . ' � ' .. .
. `7� '. - � l� . . � - . . � . ..
� .. � _ � _ . � , ' . - . . .. . - . . � .
- e.�
�.
. . . -l�I.. . . . .
. . Y �, . � ' . ' . .
. . �
:ti- (��yr rsr e t� �yy��tR J �� lS�5� .:� •_ y ,�d � �Y1 t n,�v r s }�aa ' :j..aY�3 r r� r��r1:
� .�-fi�Y *���� �' t�y F r.�, �p� `�qNlS"` j"'�^Y f, �:i7.'--"�+� � rk�:� q .11.ro��1:� .0�.
Y� � ��,� .��,a� ��5, ,�, !��Wr!k ��c d r �; it^`� �r ,.
.r � � �t �y}`,�,� F �l . i�
I1 'i �w.i�� i'.un(, , �K��k_.p,�� �{ �.i Y�4��M.t.'Wk'�•C�A�'s, ..
. y�' ce� �!!:t �'��� L-r.�� .��:. ,. , v : C4
. _ . . .. _�~ � �
.f` '�
' _..--��, #345693 p6/11/92 14:51 Rec �.UO SK 6B0 FG 421
i
" , Silvia Davis� Pitki� C�ty Cler{., Doc . ,
, _ __ . _ .__ .__ ___ _ -
-....
1
� as otherwise provided herein, shall be and remain irrepealable and
unalterable until the Note and the interest thereon shall have been
fully paid, satisfied and discharged.
Section 16. Parties Interested Herein. Nothing herein � �
expressed or implied is intended or shall be construed to confer
upon, or to give to, any person or entity, other than the County
and the owners from time to time of the Note any right, remedy or
claim hereunder. All the covenants, stipulations, promises and
- -. agreements herein contained by and on behalf of the County shall
be for the sole and exclusive benefit of the County and any owner �'�
" f::' •: of the Note. )
, I Section 17. Effective Date. This resolution shall become �•
� effective immediately upon its passage.
��a Section 18. Severabilitv. If any section, paragraph, clause �
or provision of this resolution shall for any reason be held to be i
��'�F; invalid or unenforceable, the invalidity or unenforceability of ;
,�:::,
,R� such section, paragraph, clause or provision shall not affect any
-;Y�° of the remaining provisions of this resolution.
Section 19. Reoealer. All acts and resolutions in conflict
=::�: with this resolution are hereby rescinded, annulled and repealed.
This repealer shall not be construed to revive any act or
at�'� resolution, or part thereof, heretofore repealed.
Section 20. Publication. This resolution shall be published
by title and short outline as provided by Section 2-8.1(c) of the '
R� q� '°: County's Home Rule Charter. �'-
r
INTRODUCED� FIRST READ, AND SET FOR PUBLIC HEARING AT THE �
REGULAR MEETING ON THE/� DAY OF 11�.f c1 , 1992. �
' r �� � � NOTICE OF PUBLIC HEARING PUBLISHED IN THE ASPEN TIMES ON THE �
_ 1� .5 DAY OF �t�r�c � 1992. !
�
�� APPROVED AND ADOPTED AFTER SECOND READING AND PUBLIC HEARING `.'
� ';' ON TAE 9th DAY OF June , 1992. � .
i�j
�� PUBLI$HED AFTER ADOPTION IN THE ASPEN TIMES ON TAE � `°.�
} � DAY OF �IuK.E! , 1992. 3.
:7?:�"'
`_
�.: ATTES : BOARD OF COUNTY COMMISSIONERS
„ OF PITKIN COUNTY, COLORADO `
��, �.
��,
+YZ ` By: . �
J nette Jones J es R. True, Chairman
` w ;;*% uty Clerk & ecorder �'�'
ate• Lo�o�92-- �;
�V�� 6 �.�
�°'ad }ry,
k� c.
A-^
R'Jr:.
�•
r.�. h �. �i�;.
E
.. � �YA•�— .�-#�, .::rs.u:vt.s�a.u�:W .: ^--��-i^�45�..
.'x' :�' �. . ' �
'�f �`�.-• , �.,: - .
� , ,, ��s*4�
,.-}4 ,r . . . •y.."� �.��
�l - : ; ,
- ,. � ;, : � . . :
� . , . , , .
. r� ,' '' �'� �,rvµ""� _
; ,
•'.
� � : � ,
, .. ; ;.. �, . • ' , •
, ..
��i ,:� f , . '
',�� ' , '� . • �
_ ; • . , . _ ,
. ... . � - , . � �. ' . ' I . . . . . . . .
-' . . .. ' ., . , � ' .
. .. ` � � . , .. . `� . .. . . .
, L
.' ' ��l , , ., . ' ' . ' ' - .
,r� • �
�,. :�L-� -.:�. . �' ��..��!� .o+"} ��,y��� 'rr �,r r •-�o,�} ��,. � ,�•r,:{� �;n�.„;;%' Y� :�(;.." � "*T
� �� � ��� x h.�y I'���T e A �.1`4e.Y `s�
.1'r � • �y'.� };,�' +y,�r' t
� � ��`�".w4.� G.. t �� �1 S�. � 4�;' ..�� 1�� f
LiF
� � Y •k ��
. —....�« "� ... _ �,�i�3e�'�t .. ._. . . .. .
isi �
. ;$ #345693 06/il/92 10:51 Rec $.00 SK 680 P6 4� '.
" - _Silvia Davis, Pitkin Cnty Clerk,_Doc ��.00 ___ h'. . ,
•�>.
` c'';i
APPRO AS TO FO MANAGER APPROVAL:
���-
� �
� � �0���c1�_ ,`�,1,
_ Tim t"s tt Reid Haughey "�
� Cou y At orney County Manager :?-�y;:`
_ �_.
: �..,:;
APPROVED AS TO CONTENT: �'�y�
� :.
,�': n
� ��Z�u�l��— � 3
Tom Oken T '3`�'�`
7 Administrative Services Director
`:._ .,'�
+ ;� pctco/wp/fin.debt.open.moore.reso
1�, ��T . � � . � � . . . .. . . � . � . . .
i.� �.Y ; .. . ,
5.�� ` .. . . . . . .. . _ . . �. . � . .
! �� . � �. . �._ � � . .
�i,:,, � . . � � , . � � � - � .� . � ... �
2�
�fi,� . � . - . .. .. � ... ,.
��
. .��.. , .. . .� ... . ., . :. . . . . . .. . ..'.- . . '�::-
' . i f. �.. •' . .,:' . � ,- . . .
'.�: . .. � � . . � ' .. . . . . .. .
;� S�. �:t .. . � . . . .
� �� ' � . . - . ..
Fx £1'��� . . . . .. . . . . �
�:�� .. _ . .. . . - � . ' . .
5, �i� . . .. . . . - .. � . .. � . � �. ._ .
,.� .
. _ . . . . . _ . . _ . � . . . � f�.
,. .. '� . : . .
�:, � '..yr,- . . � . . � . '.�i� .
L ;, � .. - ' . . . . . . .
S° Yr , � .... . . . .. I! . .
.. . .. '. . . . . I,�_'.
�.�. . .. . . . . . . . . .
}t . . . . . . , .'�.
4 �� � . . . . � � . ' � . . � . . . .
Jh.Oti��` . . , . . . �
� ' . � .. � . . ' . � .� ' . - .. - � .
T�: :S . . . .. . . . .
�'� _ . � . . . � . . .
,�.Y i�.t . . � . � .. .. . . . . . , (�'1 .,.
5+�-
. . � . � . . _ ' . . . ... . 2�� .
�\:.�i.^ � . . . .
�f . - ' . .. . . . . . ._
f
�„ � . . . . . . . � � .. . .i
y .
���,: : �'�
' " N - . .. ' i:
.
��i�' ��F,. � .. �� -- �.. �. � . . � � �. . . . � . ,..
S, ���� •�'. � � . - . � � ., .. . . . � . � � q��..
4 e�
��}, �� i�� . . . .�
+ r h r '� �, �v� �+C� ��.y l� c r r ±'�� �,,
4 A :,� t�: e s � �xfi .�p � +e a +"- �y.�,��"��' ��x, '`,,,.�t s.f� i t f+��N -:��- r� ,.,,,,�r�+ s r�f,.�.3,� �
��� ay� � � � � `�+1�"���Cj..t� �2 � < ��"'*�tt_.� � '�Y ���,(�,'ft��. �,,,, {�a'ri+'''� �}
�} A�S�FS,"„�"k 1*��tw�la . l� � aM1t s..� j Z � r .- � �., ���"r�. j'�- "rt�i�,M
�p :�"s"��k�.'+s� y��'s+rrty��'k"rw 1 s°M.�,r ,F ,i,L c r � � r .rt . i �fZr" �`�-.rj4�� �w"y.a �:
�: .;'�a'�ani'�, 4 � t° €/S' S 'r"^,r\ P � �. Y an. �n +�` �- r '' � q� i d .-,� fi
� �!. � �Y t X� S 1� Y �' "� L l i f _{l f '
� F�?hi�T ) "�'P R' � �L f �{N""Fn °".�tr'L'�^ � '�' 1: l
� ��'x � �L t' 1q`J,.3y � 'LY ls.'��. M �� 'T - C .� t Y�` 1/e
�� ' �5� +:pkt�`Y,�'�r'.�a,Ye i�i ax�,'�_���� : r +� �f-r �t �' � iY`t 'f- � � i 1 ��1
' /. , ��'��k^i r '�`�'gy�" lAY l}°` a�f+�� � � + � l 3 -'9 e� l :. ��Y'°4 r. .
� , +y,n..: ! y . � +!�"d e x-s'a.-� 'ti v"a . xw t
. '� .�.�. �v � ��S � c,i•a �E,� 3.}�{•�4 � �, '`'" y 'f�t r - P rr`� �
� `H� a'x�- rt`�is 4� rr S+ D�� 4 S� t .: `�e r ! .:
-�: �i71. :� �� rr�s�, jK n�. F �,�.. �r �i...°a �, `;r rky� _.•�� ,'. ':�.
�� f ��A y ��, h f JT"j:1 !• - f 5 1 .
i� A �:�ti ¢' t,�. l= , - � .
� �
��,,.rr._F . t E � '• ' , l I_. � � �trt' �. I��
� .
.:..3,,. ' . � . - .
.. .x�•. � - � -
, �. >��, . . ' ' . .
. � �:l�.,�• ' � � � � � .
� .�y�
•.. {' ���,ct.Y, Cy�rcp,�r�y C Y�Y fr�+zy�; ;�+}{ i�,{d,e�_�.,_ � ,,�(�f � r�ci��',�
�. �..y tW+��Xw'++..?AW7Y��''Ilw1a�'�:��t��r:ny.S7Hl+Rtd'.:5•'SYx'�+l.°���� 6 �'�1A' � ���� 9 f-�'�,.
�'..
#345693 Ob/li/92 10:51 Rec 2.00 BY. 680 PG 423 t
, , ',, Silvia Davis, Pitkin Cnty Clerk, Doc �.pp
� • :
?; - ,–�- �. -------_-------- _-- . -- �� '
. �� 7he�rl (���/e�ry��r�a(4tJ.hrn�APnnad Af IM
��' �. CAepde E•.1 L'a�N GawL.i•n(f.RU.r.ilf � i , �
.. . ..._ �'� ' i � .
;.;
'- " COUNTER PROPOSAL c :
� �-� R�:PYOynsrd C�nt�'act So�the purehnaa of proAar:y dCxrlb�d e+: � -
See Exhibit A,attached hereto. � --
. . . . . �M1�.���:
'1:..
. ,..� ' . J ,'
l::
. �'�a .
. , . � �.�,,.
e#uat�d fn thc_... . _.County af_Pf tl�j,1�___,Co?ondo,4'atcd_MAYC11..,21,.._ ._.__,___ �
-'� .s� . l9�2.,b►tween F�:��Q.Q�J.B1Cl9,._°_E._ �`1fL2�. di1C1.c:OX .a$3].�11.K. .•
IssOwa.rssnd�P�.�1S► Cot.i r..-nfv _ . ___._, ... .. ,_ e■Purehasers. }
,.' 1 The undersiqned Ownrr(r)rceeptS snt�ppopnxd ionSrsct,suLiert tn thc fo7lo�vin�amendments: f ���, �
� See Exriibii A attached hereto
�
a� �
. I . � . . . � . . .. , � .
. . . . . . . . � .
. . . . . . . . . �. . . � ... � .
'..; :I . . . . . . - . . . .
� :,, . . . . .. . - . ' �_. � � �. - � � � � ����
r�� �
- � � � � . � � . � . � � . . . � _ . . f;' .
,��� . . � . . .. . . . . _ . . . . . � '
.�' � . . . . � . � .. . � .. � . � ..
. . . .. � � � . r�}..
_ � � � � - ' . tt .
� � All othcr terms and candittona tu rami•n the aaxe.it Lhis coun�er � r�tpced by Putclweet,aa 6videnced by �
�^�- �� � � � Purchnser'e siraatuee Aeittin,on ot Lefore.--_�E?3',i.7._.���9��,cha a�id pmpwed contract,u � � .,.�� � - �
r �>a aa�anded herebY,aAal!beeome a eont'aei Detwcex!he panlas. (
__ _. '�. :.-. Estate oP James E. Mocre �
i.. .
J�'
- ,r
s - --- --� g- �'= �
�, y�';homas P. p'oorey��'essonal Re�p�en ative
_ ' . � � �.
�.���-- � ..
' Alberta L. Moor�••� r
i� The f4regeing eounter proposal is aecepf.d shi��._LJ� .day ' .— ==�� .. � � � . -
� � P i t Oi�T: . .
� IIY� �
:+ RiChdrd Y. Neif y'r"'Jr.•i Chairra3n
�- P�tki�z County U en Space and Mrail {y
: poard _,_ —... _.� �',�t
�_. _ r�..�.,.. ' r,�
+.
• �
t. , t ���
-_ _ _�,�
��. . . . . -- . arV�a � - . � �Y�..-
- � . . . . . . . Y '..
r . . . . . . a?:.
z
��5" . . ' . . .. . '. , . .
f� .f . . . �. � .
T.,• ' ' . � . . . . . . � \
_ . . . . . . . . . , . � `.::.'�...
�..��. . . . � . . � . .
��i.� � . . . . . .
' .��i� . �� —� ` � .. �
. � �U.l�����W 1•�� COY11��f rl�Va�l.DIYJ(..�e r�eu��ne ra.�iata�a s�e�i$tteN�D:aver.Cd�l�d0 li�ti �
....j..'._ , .
i� �
� ] .
' ' 1 � .
--^ . . . . .. _ ..
,� .' � , ' ,._ 'i , _, � , _ . �fih
.... �k . � ... , .
�'�+,�
� � . • .
����u 5��� c
. ^F:��1y�S";'. .e k��T54: � �r eP-� . y . r�s - ,. �F �',C 3c�_- . r + m.� _.
'' • 'rt f11µA j 7,�� kp.: ' � j' .� .�:fk�� P i •� / �i, K �,' �,s' �• ,
S' : 1�'�' � " �u�( '!'�' ��' fi p�,�, t ,�'. r'{1 • ._�, ���� ,�'
.✓.�,�..��.. . r_'�9�°r.v.��.+'��A.i-T i. . ..a`el'.�r, �,.�.€.R`.�a._�. i.. ��':
;.y . _ ,.. ,.
� �, #345693 46/il/92 14:51 Rec �.40 BK E� p� 424 ' ' ��
. Silvia Davis, Pitkin Cnty Clerk, Doc �.UO
_ .._ _ _ _ .
E]CBISZT I►
i'.
I. ,�roperty Descr?otion: T:e real ProparLy urhich is the
subjact matter of the Contract shall be c�eneralzy described as certain
aareage situatod iri Seation 11, Totinshi�+ 10 South, Range 85 West o� the
6th P.M. loaated oast oP center lina of a new, propased county road �`?- "
{.:t::. .
whieh is east of the exis•ting �aroon Creek Road which aareage shall E;:::,-.
cantain no less tY,an sixty (�o} nor. na more than s:r.ty-f:•ie (G5) acres '`'�'-=�-`
�' (the "Froperty"). The exact l�gal d�scription shail be d�ter.uined by ��`:``.:s =
". ? a survey provided by Sellar which su!-vey sha21 describe ir. petes and i::`;`.:..�
. _ bounds the isgal. descrxpkiaa, and c��hich ].eqal description shall be ? �.:,-�W
attached to the Gontrrct a� �:chibit A upon� campletion. Such legal " "
_ 8escription shall be attached no later. than June 1, 1992. �?
i
2. Se12er: The parties ar.knoWladqe t.tiat �he Property is `
` �� currently owned as �.e.nants in common by t}ic: estate of James E. Moore � c
:; and Alberta L. t400re, widaw of James E. tloore. Prfor. to closing, the �F�•
" interest of the ostate of James E. :,00re in the Propetty may be f
� distributFd from the estate, anci t?isrefuze, tna Seller shall include `
the assigns of the estate of Jamz:. E. rioore. �
� . a. Purchase PricF; The purchase price sha11 equal the product
�, ;` of trie sutn of S37�,00o paya�le ann�a22y for a p�riod of twelve (22)
year.s which sum includes intQrest at thp Applicable Federal Rate of �
. 9.61�c. The approximate sales price is, thezefoxe, $2,8a5,000 exclusiva
of interest. The precise purchase �rice sP:a2i be deter�ained by an
�,�•; � amortization schedule to be p.rovided 5y seil.�r prior to ciosing. �
_ �� A. Pronissorv y�ote and seqgritu: Th� purchase price shall be
. � f paid in equal annual insCaliments of �rinaipa7, and interest in tha j
`� amount of g37o,o0o for a perind of t�elve ;12) yezrs commencing on the
' � date of closing. This orligatir,n shs11 l�e evidenced by a Promissory �
�`- Na�e on t2ie standard nota form �iqht To Care rrTn sz-ii�83. The
'" Promissory Note shall be secured by a first deed �L tYUSt encur.ibering �
� the Property using the stanclard for�� Gtric*_ Due On Sale (TD 72-21-83). ;�
'; sn Tn additfbn Co the standard iangua?e contained in said deed of trust, �
� .� said doctunent sh211 �lso provic?e tliat in �he event of fareclosure or
� the acce�tanca by Selier of a deed £n Jieu of foreclusure, any and ail '
� �� • restzictions associated wfth the use of the P.roperty, including but not `
limited to passive �pan sZ�ar.e u�es, shrl.l he deeme3 null �nd void and �.
v of no further i'ores or e::Cact nn� Sellar shzll thereafter be
x nnres�ricted in its usa of the ?roperty aubjeat to then current land
f uso and zaning laws. ,:•
�
� S. Acknowledaemg#�t: Seller 3nd �urcha�ar acknowledge that trie �
fair market value of tha Pxoperty excEafls the purchaee price as
deterfaihed abova. Seller's intehtiun a�c� mnl:7vation in providing this �•
; barqain to the Furchaser is Co allow Selier to clai�a a�gift ded'uctible
for income tax purposew Fre*n Seiler'� income. Ssller shall have the
�' right to obtai� an indeper�d�nt apprai�al of the Property and Purchaser -
� agrees to cooperate with Seller�s agpraisar in aompleting such ,,� �.
� appraisal whether before or aftPr the c?�*.e of closinq. ; .;;;
�" F .
,� 6. Convavance DocumenL,: ^hn_ Fr.�per.ty shall be conveyed by : �`�
`? Seiler by general warrar.ty dpe� provicled however., any interest that may �
- .-;' be conveyed by the es:ate o•`_ Jane� E. ;4acze shall be conv�yed by a i �.
._s� perc�anal reprasantative�s cipo3. • '
.71 Y
'�� 7. �'aznest Mon�!Aep4�it: In the event of default by ' ��
F Purchaser unde,: the contract, any tne yn:erest Earned on the earnest � ' �
' money deposit shall be paid to the Seller.
`� ��
� " 8, pYUbP_TCV Conditionf PUICil85EY sha:l acquire the Progerty �'
j � in i�s current "as is" co�aition and Seller makas no repr.esentations � �
� expYflssed or impli�d except as �per.iEicaliy providad for in the 4,. :
`l ` Gontract. •
9. conflict: To tha er.tent any provi�ion contained in this
' Coutlter Proposal conElicts with any provision in th�i Contract, the `
,,' provisions of thia Counter Proposal shali apply and qovern tha rights ;.
� and obliyations oP the. partiea hereto. ` �
� ,
'�! ' i .. •
• �4i�� ����
`
Y�.r�'.- . . . . ' .
-�-�.. ' f W� ' � k1 !� 1�. 1 �- t .. T f1.T^� M1.
` i • {7C� `��'�� v� �� 1x�cf . y ..Y�'.Si t �'�i r�S` �� �e. -.,-F iil�����ir�. a ;i
�.yi�.�� . �tl�. x� . y,t`�a�;j�,,�1L T �„ i „ r ' .,:
�i .�a�,� � �."''' ::;pl,� ,k��'��.rdi��t� �,
l, . ,,.'�`---'+"'.da'-4.�.�r`a,i':+�,� ., _ .
.,: .__..
#345693 06/ii/92 10:51 Rec �.04 FsK 680 PG 425 ��`
'. Silvia Davis, Pitkin Cnty Clerk, Doc S.00i ;�
' 2o5sovr�[Matsrn�r ASPEN ax �a �.atud�ram
. , asren,,CoLOw�no st611 REAL ESTATE �c.��s%�� '
i �or�303 920-2006 COMPANY
� Fncsm�$303 925-3531 �.
csi
-� A9tieeCarnavrwSa�wvltratEn.aaCav.wr F': .
� S 7HI54SALECALINSfRUM@R.IFNOTUNDPRSDDOD,IBGAI�TAXOROTHOtCOUNSPI,SHOULDH6CONRILTID)BH�OR651GNR�70.
VACANT LAND
s CONTRACT TO BIIY AND BELL REAL ESTATE � "-
j Seller's remedy Liquidated Damaqes or Specific Performance 'w' �
� (Section 16) .:��.'
j [FINANCING SECTIONS OMITTED] '� '
j':_�;:�
- I Mr',
-�I March 27 ,19 ��_ r.;a
LPARTTPSANDPROPERTY. PITICIN COUNTY '
, � p�ds) l�=b GWibiJ►�i�lsbh�!/►'a'��dt�iN�►H�+4H� +�m�r.and ihe nedetsigned celtet(s)[Seller�,� �
m sell, on the tcmu snd conditiout set forth in this wnhacS the fotloaving dearn'bed na!atate in the Counry of �:.
• :', Pitkin .Cotoraao,mw�c that Property to be described in metes r,
and bounds by the Seller, containing 65 acres, more or less, as
� shown in Exhibit A. ��
��
<�
.t
' kaownasrro. Maroon Creek Ro�d
� ,.`�t (StreetAddrcss) � �
;. � Aspen. Colorad� 816.11
� (�1.state�ZP)
. � � togethet with alt interest of Se�ler in vsmted sheels md alleya adjecent tLereW,all easernents end othet appuztenanors
t6ereto,alt improv�ments t6enon and all atach�d fuuures theceon,exeept as herein e:ciuded,and alled the P�erty. �
°"=`'r'' . 2 INQ.USIONS The pucchase pria indodes t6e folloaving i[ems (a)if attsched W t6e Yrope�.oa tLe date of tbis conhaet
lighting,6eating,plumbing,ventilating,and air conditioning fuGucea,TV snteneas,wrur mftenea,zmoke/fue/burglar ala:ms,
securitydevica,iaside tekphone wiring and comectiag 61odo�Jac10.Pisnts, miaoxg Doormverinp,s,in0occom syctems,
bw7t-in ldtchen appiianocs,aad sprinkler syser.ms and eontrol�(b)if on the Propert�ahether atdebed or not on the date
� �%� of thia aonte�e Ma7t in vacoom rysoems(inctod'ieg aooesaoria),stoxm wiodows,s0orm doon,wiodaw and porch sbsda,
awningF,bW�ds,saeeas,curtain rods,draPery rods,GrtPlsa iausls,fireplaa screens,fueplaa pjetes,beatinB���TaB�
' i sheds,all keys and guage door openea inctuding —0— remote controlr,and(c) NONE ±
a:'I , i
�. �;
; ,��ra (d)Water Rights.Yurchaze pria W indude the followingwatec rig6ta:NONE i
-�s:, �
..- a4.i,i � .
a;; � . (
' (e)�rowing Crops.With respect co the g�owing erops Seller and Purcl�er agree as follaws: NONE � �.
,- f
� _ -- _ _.' �
?he above-0eaarlbed inAudefl Itema(Ieelueioas)are ro be comeyed fo Pufdwer br Setlbr bybill of stlle,
� deed oroffier sppGcable lepl inshument(s)atthe eloaing,treeand eksrof Wtazu,tiemmd meamb:man, mxpt_as �
xi:+ pcovided in sccGon 10. .
1Le foDawieg attached Fixtum ace exduded hom this sslc NONE
'� _ _
�� 3.PURCfIASE PRICEAND TERMS The purchsse prix shall be S SeeP3Y'tlL'dDh 2 0 d,payabk ia US.dollaa by ;' ; _
. . '"I Pncchaser u Follocvs(eompleu the applieable urms bel��ev): I �
i (a)EARNBSl'MONEY.
5100.000.00 inWefocmof wired funds ��
�.:��: .u earnest monq deposit aad part pnyment of We purehau price,payable to aed held by i;�.�.
� STEWART TITLE COMPANY ESCROW ACCOUNT � . : k".
� ��`. _ .. on behalf of both Scller and Purchacw.Bmlars is authoiiaed W deliver the earnest mooey
, �;
. depasit Oo the dosiug sgeot,if any,at oc befon dosin& ' " r �
' TT�„ (b)GISAATCLOSING. � .
�l S 2 7 0,0 0 0.00 W be paid by Purchaser at dosing in�ash,electronic omnsfer funds,artified c6ecic,mviegS end '
ban telk:'s chedc,or oshiecY check Subjed fn the pmvisioffi of udioo 4,if the exating loan balance at ffie time of �'.
,`;�:�� ciasingshait be di[ferent from the loan balanx in seetion 3,the adjusomeot shall be mado in cash at dosing or paid as followz
�t: i
4.FINANCING CONDITIONS AND OBLIGATTONS. , �
: ..
FlNANCQ�C,TERMS,CONDf!'[ONS AND OBLIGATIONS,PERTAINING TO SECfIONS 3 AND 4,ARE � .
�� ATTACHED BY REAL P.Sl'ATE COMMISS[ONAPPROVED ADDHNDUM AS FOLLOWS � ..
(checic as applieable)
�
5d: � ❑ NEW LOAN i
� ❑ ASSUMPTION � ;.
❑ SELLER OR PRNATB TFIIRD-PARTY
. '�� i
�
' �. NaCBSfCS/a9V IAND FARMANdRANC CONtRACP70IiUYkSHiRPALIITA78(PINANdN6S['LIIONSOMRTHD lyeld5
MrAUiqvPuemniny� e�o�imv�0.�•m�.muaae�eoo�w�ozt eRpamar�a��ecempq,mssores�iu.�pearnf�m�a�os
��� .
,. ���
. . _ ..�_.._ __�_ �w.�. �. _
�^ .
4 ' .
p p Y' Y
... � � �x�`e n(�jy�. � r � t ..,�,�5 , .;j ..:i i le::.: ,. : 1
.!'� �9rf-�F �2 t�.� y �y� +l -f d �i� y J
d,i�� ..�1`�..�... tly'�i'4+`-?.. . _.. .,.�i� L-��� ���iif4��,[.lwrl��f�.f�-�.ri4� . a,�tyl ` F�:.,
l, . ,. . ..:r!;
#345693 G6/11/92 10:51 Rec �.40 PK 680 FG 426 , �';r
� Silvia Davis, Fitkin Cnty Cierk, Doc $.Oh :��;�'
• 5.GOOD FUNDS.All paymeats requirod at closing slull be made in fun�whieh earnply with all appli�able Colorado Isws. . -
� 6.NOT ASSIGNABLS This mntrad ahall eot be auignable 6y Purchaset w[thout Selkr's pcior written eonsent Exrept as w -
[rstrieted,thic conOnet shall inutt to the benefit of and be binding upon t6e heirs,pecsonal mpreceptativea,sucassoa and
-assigns of fhe Pulies• ��:�:
7.EVIDENCE OF Tl7'LS Seller shall fumish to Purchaur,at Sellec'c etpeose,�'�4JSFjE a current wmmitmeut for ownets title .
insuranm poliry in an amouac equal to the purchase P��/�}��i�1�����l�/��$l��$I��f�1�/�9�i�1��on
orbefo�e_MaV 15 .19�.If a title 6�sunoee wmmitment is fumished,PuzcLaser may:equire of t;�.- .
� Seller tha[mpiu of imtmments(or abshacls of inshrumentt)listed in the u6eduk of eueptioos(Exceptioos)ie the tltk =t:; •
insuraoa mmmitmant also be fumished ro Purchasec at Seikx's expeose.This requicement shait pectain only to iostcuments i:t•,:'
- s6own of recortl in t6e offi�z af 16e cluk and recorder of the desippated county or couotia.The titk insuraoce commitmeat, ��''��
'; ,,....;.
. ; logether with any copies or abstrads of iastcumeots fumished puauant W t6is uction 7,mnstitute the titk documenta(7itk g '
� i � Documents).Pueehaur must zequest Selle[W[urnish copies or abslrnets of ioskuments listed in the achedule af uxption uo r ,-
- . : iater than 5 nlendat days after Purchaser's ieoeipt of the titk iosurance commitment ��jl�f��f�ij�/�,fjl/e �::: .
�/��f�f��,Seller wdl have the title insuiaoa poliey detivered to Purchaser aa sooa u prectiobk a[ter elosing and
. . , paY 16e premium at closing. ,
8.TIT'LE.(a)TiUe Review.Pure6aser shall 6ave the right to iosped the Titk Documents or abstraet Written eotice by
� Pwrhaser of uamerchantability of titk or of any other uvsatisfac[ory titk wndition shown by the Titk Dacumeots or abstract �-'-
. � � � shall be signed by or on behalf of Purchaur and g'rven to Seller or Littiog Compeny on or be[on 14 ealendat dsys aftec � � �
� � , } Purchase�s re¢ipt of TiUe Documents or abstxac[,or withie frve(�alendaz days af[u reeeipt by Purchaser of anyTitle
- � Document(s)or endorsement(s)adding new Pxoeption(s)W We Gtk commitment togetlxr with a copy of the Tttk Documeut
:,�i
adding new Exxptioo(s)w title. If Seller oc[�ating Compaay does not recive P�chasetc noGa by the date(s)specified
� ��;j above,Purehaser s6a11 be deemed W have accepted tho mndition of ti11e as disdwed by the Titk Documen4 as catisfactory.
�, �`:� (b)MaUen NotShown bytLe Public Ramrds. SellersLall deliverro Puzchaxr,o0 or before t6e date ut foR6 in •�
uctioa 7,true copies of all lease(s)and surny(s)in Sellers poaeztion pezfainipg[o the property and shall disdas[ta Pucchasct
� � -��� all eauments,liens or ot6u tiUe mattea no[s6own by the publie reeords of w6ich Sellet 6as actual lcnowledge.Purehaser shall �
� � d have the right to iospect ffie Properly to detecmine if any third party(s)has any right in the Pmperty m[shown by tLe publie �
� a records(sueh as aa un�ecorded eaument,unrecorded kace,oz bouedary line dise[epaory).Writtea uolim of any uosatisfecWry -
� conditiou(s)disclosed by Sellez or rwealed by such iospection s6a{I be signed by or on behalf of Puic6aser and givea to Seller or
- Y Listing(bmpeny on or before Mdy 15 .19 92 .[f Sellet or Listing Company do�s aot maive �.
, _ 9
Purd�ase�t notix by said date,purchaser shal!be dcemed to have aeoepted tilk subjeM W such rights,if any,of thitd partiu of
� .- . � which Pucchaser has ectusl knowledg�. � .
- i (c)Righ[to GLn.If Seller o:Listing Company neeivu notioe of unmemhanlabiGly of title or any at6u unsatisfacbry
�.� title wndition(c)as provided in aubsectioe(a)or(b)above,Seller s6all use r�onable effoc[w m:rea ssid unsa[isfaaory G�e
conditions(s)prior b the da[e of ebsiug,if Seller fails tn mrrect said unsatisfac[ory titk mndition(s)on or beforo the dah of
- 1 closiug,thia contrad ahall then mtminate,subject m sectioa 17;Provided,6owever,Pucchaxr may,bywritten notioe received by
� Seller or Listing Compaey on ot betore closing,waive objeclion W asid unsatafadory tiUe eondition(s).
r 9.DATE OF CLOSING.T6e date of elosing shall be Jtl l V 8 .199 2 oi by mutual agreeount at an
'� earGerdate.T6elwurandplaaofelosingshallbe asdrsig,uecdby Stewart Title Comvany
��
. . � :� 1Q TRANSFER OF 1T1'LE.Subject b tender or payment on ebsing as required 6ereio aod complimce by Pnrehaser wilh We .,
,� � othu teims and provisions hereof,SeRer ahall execute and delivu a good and aufficient aenera 1 warrantv
-`,', deed ro Purchaur,on closiag,conveyiog the Property f�m and clear oE all tases euept the genetal taxu for the year of cbsing,
. . ;,� and���1� '
�� '� free and clear of all lieos for apecial improvemenls iostalkd as of the date of Purchasets sipature hezeoo,w6et6et aasessed or
� _ � � not; exoep[distdbutioe utiGty easements,includiag able TV; uapt those matten retleeted by ihe Title Documeuts � .
� , -?'�� seaphd by Pucehaser in aaoidanx with suhsection 8(a);ezcept thoae righis,if any,o[third paRiea in the Property not a6owu -
- � .��° by the publie records in accordaeee with subseMion 8(b):and cubject ta building aod waing regulatioos. �'.
;�, iL PAYMENl'OF ENCpMBRANCB$,pny oneumbrance reyuired tn be paid shall be paid at or befoie the Gme of
. � ' -- uttlement(rom the pmceeds of this hansaction or from any olher souree.
'i'' l2.CLOSING COSIS,DOCUMENIS AND SERVICPS.Purchase[and Seller shatl their dosin tosts at
PaY �P��� B
� cbsing eueept as ot6enviu provided hereia PuicAasec aad Seper shaR sigo wd mmpkte all euswmary or nquired documents �
_ �*� at or beforo ebsing.Fees for zeal estate tlosing and settlemen[seivicu shall oot excctd S 3 0 0.0 0 aud ; ., . .
ahallbepaia a[ctosingby Purchaser and Seller eauallv !
° ,� 1..,
. l3.PRORATIONS.Ceoeral faxr.s fo[the year of clasing,based on the most naot kvy and the most recen[assessment,cenfs,
• V��� water aad xwer chacgea,owner's association dues,and iaterest on continuing loao(s),if anY,j(�{p �'�-
.:j;;� chsli be promted w date of clasing �
My sales,use and hansfei�c t6at may aarue buause of this transadion shall be paid by Purehaser
•a,F� r
!. I t
.�,,"� 14.POSSPSSION.Possesaion of the Property shatl be deliverul W Purchaser at follwrs: upon delivery Of �._
�.� deed �.
��:
�
i
- subject w the fotiowing lease(s)or tenancy(c); NONE
�i
1
`l. •
',� t. If SeOey atte[dosiog�feila ta deliver pacseasbu an Ute date hettiu cpedfied,Selkr s6a11 be subject to eviction and shall be
� .� additionally liable w Purc6nser[or payment of S2 00.0 0 per day fmm l6e date of agreed pauettioe unt�7
�� possession is delivered
�
• tJC ,
�a.t. C&SSCS/B9VAGNt1ANDFARMAND CONI'MCfTOBUYtSHLRPAL�7'ATB(FINANCING$[!C[IONSOMIITHD1��P�agelo[5
�� �taPibWhlepPOBm9�0�aatiwC0814ffi�(10��}33610A hapa�eAYMpenRolPnYeComM�7'.MSSoWhMd4A�peoCO(303�20.,u+e . .
+tr
� y
� . . .. ... . �.� . .
,f, • ,
� .
�: � .
... �,e^ ,.p����{��t? t��� ' ���'f �. �t)�,d `.:) 1�4 It�', ... " ...,.-� 1 �- 1 ...�.
y4? . 1.F' i'�ue����. *u'�i'M �rk.�a ... . .�.`��;`•'*l��yi ;5l�-.._a�`_��._w�s'�a�sPm+��.;'�..4:.w,Tl�.�l#!{�.�.:,' �.
i ��i:
�-,�7 #345693 Q6/11/9i 10:51 �,ec $.pU HK 660 PG 427 {
�:;;
r . Silvia Davis, pitkin Cnty Cler{c, Doc S.4U •��i'
a . • . __
_ 15.CONDTITON OPAND DAMAGS TO PROPERI'Y.The P:operty aad Indusions shall be comeyed in their pmeat .
. ca�tition,otd4asqvrcar as+d hss euept�ed.In tlie event the Propery sMe11 be damaged by Fire or othu casuelryprior ta time of
tlosing,in m amouet of�t more tLna ten percent of the total purehace priee,Sellet ahaR be obligaOed to iepair the came
` befom fhe date of closing In the event sueh damage is�ot repa'ved wit6ie said time or if the damagu eueed sueh:um,Wis
contrad mey be tecmimtcd at the option of Pucchaser.Should Purcl�aser eleM to rarcy out this mnhact decpite carh
'� damage,Purchaur shall be entitkd to credit far all tl+e insuranoe pmceeds resulting fmm mch damage ro the Pmpettq and
Inciusioos,not emeAiag,however,the tam!purchase price.ShouW any Inelusion(s),oz soxvix(a)Gii or be damaged between
� the date of this contrad and the daOe of clasing or t6e date of poc�eassion,whichever sdall be earlier,then Se�er shall 6e liable �j�.� .
; aa
' foc the iepaic o:mplaament of snch leetusion(s)or service(s)with a unit of sim8az a'vc,age aad quaGty,or an equivalent ��_;'
I credit,less s�ry iasveaaoe proeeeds received by Pucehaser ooveriag sueh xpair or nptacement TLe risk of loss for ury damage `�"'-'�
� . W b fue or othet casual ahall be 6ome b t6e ad eatiq�d to lde ao S�`�-�
��S QOPS� Y �7� Y P Y �r8 P5.iEany,as pmvided ia sectioa r_.:s
2 and such paityahall be enGQed to suc6 iasucana proaeds or benefits for the growing emps,if aay.
' 1417MEOFESSENCE/REMEDIPS.Time is uf the easwa hereoE If eny note or cbedc rece(ved as wrnat money � '
� �1:;j;
_ . i 6eceundu ot any other papment due Leceunde:is mt paid,6onortd or mndcxd when dne,or if any other obligation hereunder
i is not perEormed otwaived as 6erein ptovidcd,there s6a11 be the Eotlowing remedies:
�
, I (a)IFPURCHASERISINDEFAULT: `a�i '
� � � 1P TEIE SOX[N SUBSHCTIQIS(1)IS CEiECKED,SELI.ER'S REhII.DIES SHALL BE AS SEP FORTfi
IN SUBSEGT[ON(1)(SPEQF[C PERFORMANCE]. IF SAID BOX IS NOT CHECKED,SELLER'S
.,�`� REMSDIES SHAI,L BE AS SET FORTH 1N SUHSECfION(2)[LiQUIDATED DAMAGFSj.
��
;:i
- � ���� ❑ (1)Sped6tPerfocmanca Selkrmay electWtcaatthis aoo�ad azoacelled,inwluchnse allpayments sedthiept of
� � ��:� value received bueunder shall be forfeited aad retained on behalf of Sellu,snd Shcer may ieoovet snch damages as may �
ibe Pioper.a:Selkz may ekct to heat this wnuact as being in fu11 fora and effect and Seller shall have the rght w ,.
- _ ' � spedfle perfo:mance or damages,or bot6. �
�
i (2)LiquidatedDamages.Al!psyments and thing of vatue�ceived hezeu�u shall be fodeited byPurchasec sod �
,:'.�_c-� rotained on 6edalf of Seller md both partia shal!theseafter be releaud tmm all ob6ptions Lenunder.It is agreed 16at
soeh PaYments and things af value aze LIQUIDATS'�DAMAGES and(except ati prorided in m+bsection(e))ue
' SELLER'S SOLS AND ONLY REIv�DY Wr PurehascPc failure to perfozm the abGpptioes of tLis conhad. Seller
• . �' expraslywaives the remedira of�c performance and add'uional damages. .
y •�'.
(b)IF SE[.LER LS IN DEFAULT:
PurcLasu may eled to treat this contrad as ancelled,in which case all paqments sud thiugf of value rcoeived •
- 6ezeunder sfiaY be xetureed and Yurchaur mayzecover sueb damaga as may be propu,or PureAaser may ded to heat
`�� tLis conhad u be m fuil foroe and effed aod Pum.l�aser ahed 6ave the ri t b o�ana or oz
f . �.: '°g� Sh �°perf dam"&es�
'� both.
� xX�.
(e)COSfS AND FXPP.NSPS.Anytl�iag to the wntr�ry hexein notwitlutanding,in the event of eoy L'fipbon or
_ ',•� azbitration arisiog out af t6is coahact.ti:�ck:rt e'-.:il!aaatd m the P��tO6 P°�Y all reasonable oosts and expeese,
ipeluding attorney hes.
i:� 17.FARNEST MONEY DISPiTI'E.Notwithstanding aey tem�ination o[this matract,Purchaur and Seder agree that,ie the
'� event af any eonhuvaay nppcding the eaznut money md thiag of value heW by brolcer or closing ageat,unfess mutualwritten
K ieahvctions ue mceived by tLe 6older of the eamat mopey and t6ings of vaioc,broloer or closing egeat sLall not 6e
� nquired ro taSoe any aaioo but may await any proceeding,or atbroka'e or dosing agenfs option and sole disccetion,may
intexplead all partlu md deposlt any moneys or things of value inlo a coud o(compctent jurisdiclion sod:hali reoover court
costs and nasomble attnmey fea. � -
�� ' 18.INSPEGITOK PurcSaser or any d�signee ahaU have the xight W have inspedion(s)of tLe phYsical maditaa af the PropeAy F ���
� aad Inclusioas,at Pucchaser's expense.If written notice of any unsatisfactory condition,signad by Punhaser,is not:ecsived by � a �
. . Selle:or ISsting Company oa or botott Md}t 3 O .19 92 ..t6e physial wndition of the PmpeAy snd �.::.
- h r Fl
Inclusions shall be deemed to be satisFadoq to Pure6asea If writteu notia of mp uasatisfadory condition,sigoed by Pur�asec, � �
� � �x is given to Seper or Lisdng Company at act foith above in this sectio0.and if Purchaser and Seller have not reaehed awtitten I ���
s:'.
��1 agFeementinsettiement thereofoa or before June 5 19 J2 •tha conOeaet s6allthen tecminate,
�°�� subjed to ucGon iZ Purehaser is respoesible and ahall pay for any damage which occurs to t6e Property aod Iedusions at a � t _:.-
j� F�� cesultofsuchinspectioa
'� 19.AGENCY DISCLOSURE.
i:
T6e IisGng broker, NONE
.and its sales agents(Listing ComPa"Y) repcueat Seller. TI� Lis6ng �
�''�.' Oompanp owes dutia of hust,loyalry and mnCtdeaa to Seiler only.Whik t6e Listing Company hat a dury to i ;
trea[Purchater honeslly,the Listing Company u the Sclkr's sgent and is aUing on behalf oE Selter and 3-
�t Pun3�us. BY SIGNING BELOW,PURCHASER ACKNOWLEDGPS PRSOR 7(MELY NOTICE BY ':
LISITNG OR SELLING COMPANY THAT LISfING CO[viPANY IS SELLER'S AGEM: .
��l..
.�;
a
;
• NaCBSSCS/a9VACMTI'►�(iDFARMANDRANCHCONIRACfTOBUYgSH1.R8AL01'ATH(PiNANL7NOSHCIIONSOM h�e7o[S �
�N[� M�AilinvPubli�lunyPOBoe970.�wwC06lC7d(BOO}73b107lPrcpnoduA.penRnlPsleteCompanp.2055out6Ml4�ro(��� . •
��
�rS t�
q
,�;�
:A�
�. . _
. Y.�e� . � . "
',�-�:• _. t�s• t � y �1 '��s *� -�� � ; 1 r<"k_ .',� + - �r ti..�� xl .-,
�� � '.��t- l� � r : rr � ��...ti !�d r i.�r r -! +, �-�. , .e-.�.i �,i.. �,�•�i � �.',
�r�� �
C�.:'�j — r.�,.a •, �. . . � ��,,r ar.d..y+, �•.. �Sd. K..ti �.++..'� uf`wtf i..,�4��" � , _ ,�.�
Y^. . #34;,643 q6/i 1 J92 10:51 Ftec �.UG HY, 680 pG 428 t�°
. .Y±.. . .tt.
,, '• ., Silvia Davis� Pitk.in Cnty Clerk, Doc �.UO .�
Theutlingbmloer, NON$ .
' a�its salu ageota(Seltiog Company)represent �IF THE BOX IN �
_ SUBSECf[ON(b)IS CHECKED,SELLING COMPANY REPRESFI�JIS PURCAASER ONLY,AS SEl'
- FORTH IN SUBSEG170N (b}IF THE BOX 1N SUBSEGTION(b)IS NOT CFIECKED,SELLING .
�MpATTY RLtPRgSEN15 SEI,LER OM.Y,AS SET FORTH IN SUBSECl'ION(a).]
� (a)Seltu.Ttw 5clGng Companyowu duties of hust,bya{q and contidenoe tq Selkt onlr.Wh�e the SeliinB�P�7 ��:.•;
. j � 4as a duty to heat Puzchaser hoeutly,the Selling Company is SoOet's agent snd is acting oo behalf of Selkr and uoc t.'. .
� Rucrbaser.BY SIGNING HII.OW,YURCIIASER ACRNOWLEDGES PR10R TIMELY NOTICE BY SLLLING
� COMPANY THAT SELLING COMPANY LS SELLER'S AGL�M'. ;�.`.;:
e
❑ (b)PurcLaser.If the baot is cfieeloed:Tlie Selling Compan�owu duties of trust,loyalty and conCdena to Pu=c6ucr � s•�.
joefy. W�'k the Seiliog Oompao� bas a dury to heat Selkr honatlY.We Scn�nB�P�Y k uting on behalf of f ,
- 4unhasex and not Seller.SELLE[t AND LiSPjNG COMPANY ACKtdOWLEDGE YRIOR TiMF'LY N017CE SY _
� SELLiNG COMPANY TIiAT Tl iS YURCFiASER'S AGENT. ��s,•:
' 20.ADD1TIONALPROVISIOMS: ':
� a) Purchase Price: Purchaser shall make payments of $370,000 per �j
� �� year for twelve (12) consecutive years, starting with the fizst k '�
� payment at closing. Purchaser acknowledges that Seller may wish
;.�� to allocate a portion of each payment to an interest and a
principle payment. The parties shall aqree, by June 1, 1992, on a
mutually acceptable document which binds the obligations of the
''� parties for the entire 12 year period. If the parties do not
agree by June 1, 1992, then this contract shall terminate and all
� earnest monies and accrued interest shall be returned immediately
s' to the Purchaser.
� b) This Contract is specifically continqent upon the approval af �
,�•.��=�' ? the Pitkin County Attorney and the Board of County Commissioners
}` (BOOC), at a regulary scheduled, public meeting.
- � c) Seller represents and warrants that he is not subject ta
x'� withholding as defined under the Internal Revenue Code Sgction
� 897 (FOreiqn Person Transferor). Seller agrees to execute an
,. L affidavit at closing stating that he is not a Foreign Person
� Transferor. ��
S� d) Parties a
�,� gree that telefaxed, signed copies of both the offer ;
�r and acceptance and other contractual agreements pursuant to the
„�� Contract are deemed effective. '
Y� e) All earnest money shall be placed in an interest bearinq
. �
account with interest accruing to the benefit of the Purchaser.
�:e f) The entire Property described in Section 1 shall be allocated,
`� at the request oP the Seller prior to closing, as two parcels, one
to be qifted, the other to be sold.
��y g) In conjunction with the inspection, Seller and Purchaser shall ''
agree in writing upon a management and use plan for the Property
by June 1, 1992. The parties agree that the Property w311 be used _
for passive open space uses and that by resolution oP the BOCC , j
the property shall be a wildlife sanctuary, passive open space, ;::!,;
be traversed by a network of trails, and remain in its natural � =i� .
• '^ and present condition. If no written aqreement on a manaqement ,. ,,
f. rtt
��;_ See Additional Prdvi�ions h&i � •.
a ty '
- #,� ' r.
`r„
.. � . . :.% . ;;�_�.
'Yl
2LRECObAgNDA1iONOPLECiAi.COUNSEL Hysigning the documeot,Purchaser andSeder aclmawledge tlutthe �..: ,
��°S�PH°7 ot the Litliog Compan7 fms ncommendcd tiut Purefiasex and Sellet obtain the advim ot iheit ownlepl ,
fia
caw�ael a�►ding wmiaation of title sod Ntis contrad.
`��.- `` 2Z.TERMINATTON In the event thic coatroct is mcmiaated,all pa�cnents and tLings of valae:eoeived 6ueuader shsll be �' .
'•,i aturned and the paztiet shs11 be reGeved of efl obligitiot�s hereuuder,subjed W seet�n 17. �
=�:' �..
„
� �
, ,
� wSSCS/avvwGlvrlANO`rnnuwrro rnrmucrmeuvesm.[.RFM.mre76(m��riG$ecno[�soM eqe�o[s .
' y-'d�[� �aPubWLNyPO8m970,P�ooh[70l7��7361071 PiepredtlAfpenNnlBrtateCop/PM�IaSSOU1hMJI�A�penCO(3Ri�� .
�+Br • � . -. .
�"`�
. . . . . . . � . . ��P . . . - .
. „� " � . . . , . .
� • .
- 7 .�� ' - I . � .
`
� : . '` ' � . ' � . t rC�, �j � .�.,�r 41�.��+�, Ni��j:.�7Y"i�� .
+'L _ pik^'t1 i r�j t 1 �� xx,�t�^ 4�. i r�• ts��. ,���'+�.i�. j � �.T' x. -•� , i�n, ��� �" � � �� t-�,
.�ti� 1`�' s� fi2 a �
_ . � . ..`•�c - +t�.+' •�r�a ' r r��j v�5i'",7.'y,���.1rlµ ;.,
� � ��
...1� �..1':'G' ,_.x.�3flAr.ha,>.�1:V.��....��i.�. , .,:sMrk.`..... . .
�• . tt.
.
#345693 pb/il/92 10:51 Fec �.00 bY, 680 PO 429 � '
� ' •; Silvia Davis, Pitkin Cnty Cler4- Doc $.00 a' '�'`
.• ,,
' zi.NOTIC80FACCEPTANCE/COUNPERPARTS.IflhdaproposalisaoxptedbySeller inwtitingmdPuz�Laserncxives .
eatia of such aooepUna aoor befon AATil_6 .1992 .this doeumeot shatl beoome a mntnd '�;'':
' behveeo SeDer end Purchasu.A mpy oE this document may 6e esernted by eaeh psrt�sepacatciy,sad when eaeh partyhu �. a -:
�'f executed a wpy t6eieof,such mpiu talcen togethcr shall be deemed to be a tutl and wmplete conhaM 6ehveen t6e peities. �_ '
;�� i-,-.-'�-
�i � , cv ;:-�.r.
� runhaser ichard Y. Neil , ., Chairman, �r '"
4
_ �;t . ';�
r
... `a ruc�aset Pitkin County Open Space & Trails Board Dax �?�:<<�:.
�r;
Pure]user4Adaxss 530 East Main Street
f� -
:�; Asven CO 81611
�i Pu�chasets Addresc 'r
, 'y � . '`
. , �
�
rro sa co�L�u ax ser.Lr.x arm ccs�xnvc co�acar� ;'
;' �,
26.ACCEPI'ANCE/COMA�IISSIOM Seller aooep�the above proposal this day of
19 . Selkr sLall pa)to We LisGng Compan7 a commissloa of _ _� �Yoof the&� P��P� � i*
at sgteed upou 6elareea Selfer a�Licting Oompany[or suvioes in t6is haosactloa Iu the event of
-w�ri�i-.��:.� . � forfeitv�e of psyments wd thi�of value reeeived 6ereonder.sud�psymeub and thing ofvatae shaU be dtvtded betaveen � .
� ��B�P�°!and Selleq aae-6alf the�eof[o ListingCompanp,MR oot to exxed t6e aommusion,a�t5e balanee to Selks. �
__� ���1 . � �! � _
44 �i ..
�
�
'c l scu�r Estate of James E. Moore, and/or assigns Date �
a .s�'� t�
, "� y� �-Q�..�.'s�—v> � �V�-.,,,�_ ''4' `7` c�?— �
seuer homas A. Moore, personal r resentative Daro
� ` C.
SdktsAddirss P.O. Box 707 �
�'� Asnen. CO 81612 _
:y.
��w� � � Se11e�sAddress �,`
-_ ; .
'.
c.� �i" �'�-�"-e-- ,`
C •-
� �:
� .
. TheuodusigoeA SeJ1in8ComPunlacimowkdges reoeiptofUu eamutmoneydegositspeciFied'msection3aadbothSeltLig � �
Compmy aod LicNeg Compaay coaCvm t6e aspective agenel disclosurc�et foAh ia section 19. ��.
i� .
y Selling Company ��'�-��'
i':
' i,��.
NONE sti •
c' �yi'.
naa� ' � �,�
_ ..�::�:
�''' r;'
By Daro ^'�
w
� . . � �,.�5 - .
. T.15�IIIIg COmpBII� �
NONE
-;l : . � �
.,t r
' By �:,
a D°w g
� �.� . pa SjffiVACANC��FARMANDRwNCt1 20HUYdSBIJ.RF'N.F4TAi6(27NANC1N65�,17�NSOM 1�!�.`c3o[3 `�_ '
". �� '!�_.. Me�Pu6WhinyPOHm970�RaeuC061478(B00)9361�P�np�edMMpeeRwlF�MeCompiry.lOS5au1bMd4A�pmCOC#!�a"�° �Z �.
r'IG
� '2
i
. _ .�"F!' ' - ' .. , . . � . .
I _ ......—.__. �v..w__.... .......
., . �. :.y;•� . • �. � . . � � .
..n
,,. �
��ti�` � F �'VkE '1` 9 '�aR�.c . . .'�,1 � � ...lV, . �7 S" i+��f ti�f'�.'��`""`�`'�n{' �.�+x ��'y�cm� i��'
" �� ���M a��_��1�,, ..�r j 1'rd t4� �7�L�'�' . �"t° V:�^vF s'a`{ "'�� ��a ���b
� �� �� ��' � .�� �..
... . �.k.. �i:'i�i:�t`l'ui�!u�.°.'7.�6�..�': . .,.�.+oi��k ;Js�r:��'i+.�� . .
. 4
! , #345693 06/11/92 10:51 Rec $.00 HK 680 PG 430
� � Silvia Davis, Pitkin Cnty Clerk, Doc �.OU ! �
� �...� �" .
_ . y ADDITIONAI. PROVI9ION8
� ' i (COntinued) �x�r=-�
- � - � l:.j���
20.ADDITIONAL PROVISiONS(cont): ' �
. g) (Cont.) and use plan is reached by June 1, 1992 the ciosinq '�=�`�
will be automatically extended an additional fifteen {15) days. �``��:��-
� If no agreement is reached by June 15, 1992, this contract shall .�`;
_ terminate and all earnest monies and accrued interest shall be ���!.
- returned immediately to Purchaser. i��.-�
F��':
h) Seller, at his sole expense, shall have the property surveyed,
and have all boundary points flagged and marked Por the •
inspection no later than May 30, 1992, and provide three (3)
. `} certified copies to Purchaser at closing. 7
t �
i) Purchaser acknowledges that the personal representative for the
Seller holds a current Colorado Real Estate license.
���
;�
�r~: �.
F� `
•,�tat.� • �
�s' .
� ..
�
_ �+
4�:!
� ,;�.
.�
. _ � `�:,
_ �
�. �
: : '+ � '
� �K
�-�j� f
. .� . . . i�1���'
' .� _ z�9 z ���
PucrJ�ser PT IN COUNTY
_ .;�� .
�
r ` ��= Pa�ceaur Richard Y. Neiley, r., Chairman Dak �� �
� ° z f��'
� . , Pitkin County Open Space and Trails BoaTd t
,s. su
- ��
sener �of Jaa�es E`\rM�oor�e, _and/oz assigns �Date_ 2
:' f? , � C
'`�. seper omas A. Moore, personal representative ' ~ Dace�
C:1� � �l�e-e.n.Q�
';
, m�'narwu.wo�.�Oro�°no"�,�w�'�'con�i+�s noo�w�mr r�ep.c�an,�enwe,ea�ecamp.�;xissoaee�a,�+e�co'�js°�m�iooc ,
'� ,.
�.� . .
�
i - ¢ t i
,
� . .
.
. �, �....: , � .x . ., � ., _�...,
� .� r�,•� . . . . . ..
� ._1�'� �, , � . . . , . - . .
.,
,
ti � �
N:E t� .�.7{ � + � w���..'v� y r ` � }i'' "'„��d�t�,4�Ct;R"y'��r,:ac• r�—;�i'.. �..' N.
� . . . ... .. _..��7.�.•�'�.^�' �Y��t�'�t�0!V����•�";1'� . . �1
- ;- ,
• #345693 O6/11/92 10:51 Rec $.00 HK 680 PG 431
',;� '• Silvia Davis, Pitkin Cnty Clerk, Doc $.04 '
,. ., .� .
�3, __ --------------
...— _ .. ..._---.._.—__-----
:� ' SII2�IARY DATE WORRSHSET
� CBS5C Vacant Land Contract to Buy and Sell Real Estate
j Financing Sections omitted ,!
__ � i'.:r;aF::
- :�i r '
t'. S •
p� PITRIN COIINTY ��t�..• ,
��; FGtate of James E Moore. and/or assians � ;
� r��
DaoeofContisct Maich 27 q�=;'
. �*� � �
� � � s�ction23.wc«ptaeoe Aprii 6 . . . �-�,:{ i�-�
. . . `¢�i.�3.�1�i�'
' $CC�100 9.QOt10$ t7L11V $ - .. ..� �. `� .�N�-.:
. . �. � ' . .. � . � �.':p+���..
Section 7.Evideoce of Titk �'=:�
.n� _ . Sedion7.Tdkcommitmentotabchset Mav 15 ;y;. ,
Seclion 9.Copia of uLedukd eueptioo�vrithia 5 da�s of reaipt of titk �.L '
' s;,�'
Section 8.Titk
SeUion 8(s).Notice of mmexcLmitab�7ty of titk within 14 �days of receipt of title
� ; Section 8(b).Notix of uaatis[acOnry eondiNons Mav 15
�
Sedbn 18Inspec4on �
� ;,• Sectioa l&Notix of maa4sfacrnry condtuoos Mav 3 0 '' ! ' ,
a � S«tion 1s.Agreemeut foc ooaeaiona June 5
�',,
�•,•,�p��
.r.�. .. . . .. . . .. . . . �� . : ��. . .
'�..v ' � . .. - .. . , � . . - . - . . . .
�.� � � �.. �.�.. ..� .
:�. ,,.,.��.,.. . �'� .. . � . .. . .�`- , � ':
. � .. � � . �_ - ,. . ����. �
.: .;.. � - .: ' - . . . .: q; . ...
. '�. . .. .. ..
. . . - � �:��.
e+ �„���, . � . . . � . . . . �';�`.
-F . . . � . - . . . . .. � .
7�.. . . � ' . . �. .. ' ... . .. . . . . .
� . . . . . � . � ' .. . . . . ...
:�� _�_�: .. . . � � - . . . � . .. . _ .. _ ' .. . . � ,r'� .
. � � . .. . �. . . .. . , .. . . � '�',j:•
� � . . . . . .. � . .. .. � . . ..�.�.
`S . . . . .. � .. . . . .. . . �
�_�=_.. . � � . . .. � � � � . . . _ .. . . .
�1 � _ � � . . ' . . �i'... �1
9��' � . . . . . .. . . . . sq:�'.
- S':
. , - . . L.-y i f .".
�.'�
,L. � . � � .. . � _ . � 3.
� . � . . .. - . . . . . . .. ..
r�r il�� . . _ . �. . .� . . . .. . .. _ -
`� `�' _ . . . . . � . . . � '� K�:
�
:�:r"'� � .. . .. . . . . . .. - . . � . �'k�r=,:..
.-.�A. 4R - � . . � . . Y�w�- �:
�y yy,•,
��.��`:
x' - � . . � . . . �. - . . � . . - V�ia; }}.
.� . . . - � .� . . - .� � . . . . _. .. \ �.
� � � - . � � , � � . . � � . . . . , _,
. . � . � . . . .. .. . . . . . . _ ;�;:
` . . . �. - . � . . � . .. . � - . � �
i �. . . . . . . . . , ..
� .. . . . � . . � . � � �. . : � . . . �.:����.
��..i� . � . � . . . . . . . -� � � . � . . �- .
:.� � . � .. .. . . . � . � . .. .
. �.. 1� . . � � . .
:
� •.. . ... .. ....... .. . . .....__ ..-. ..__. . .
` f�5, . . ... .,. ... ' .. •. �.� � . la:a y �
Y_ . t� �..�_i:: ♦f.� � C. . . . , _ . ..
. •�'` � � -
Y'�i
�•.A !
�q. { i �yp��,�y�,1 ° r� ) 1
1... �L`S' �F . �}`�{�y!(�- 4"'""f y i tT `"� r 4;�.:_. �5.pl�• . c �.: i� L.� �;�r .,;� . i'.17��3: 9r 4y.a >..�
i�4 r _ v� 4 � jN. �S�.W ��_ i
y � y. �1,•r i M`ti ��� �-�° �v�� T*� �,��,�r�x��„ ,, �� ".�i� •:.,��. :t.R�t+es .�:�t'�af, .: :�:.
z .1'. K.
� � :� t t �!. �I 3 '
. ��.� � I f .M� ��.�� ..��% { f..� •����ry. '` �'' . �,� 'I , ••
r,�" _ {�7c ',5l,, 1. K�' � � e h�,� ,^ i '�i
t; 1 '��' _x.: �..
::
_ . . .�:-�_ �.�,�.s:�::r. . . •
_ . � �,
. #345693 96/il/92 10:51 kec $.00 BK 680 pG 432
' Silvia Davis, Pitkin Cnty C1erk,. Doc �.�jp ' =
_.,
� scti�tuesen vunwn Meren ma-- ..._-- J7 Grand AVenue,Suite 2-E � i.+-°. � '
. . ._ . ... _.. ._._
Glenwood Spdngs.Colorado 81601 •*�;;�
f�1945.1004(�9256727. R a..,.,%,
Fax(303)9455948 • . c ,-.,
CONSULflNG FNCINEEBS t SUqYEYOpS :�';•� "`
�� �sc�+.L`o�� �. Job p 9073 ?�;
G".
. �r 5�i�.� �
2 LEGAL DPsSCBIPTION - North Parcel B � `
� A parcel of land situa.teQ in Section 11, TownshiD 10 South, Range 85 Meat of tne 6th � ```�
-_y'M��.
- P.M. Said parcel being more particularly described as follows: „;�,rn:' ;
' Beginning at a point on the northerlY right-of-waY line of Maroon Creek Road, whence Y�
� the S 1f4 corner of said Section 11 bears S 01° t2� ag�� W. 1469.78 feet with all �
� � bearin8s relative to a bearing of S 89° 55' a8�� S. between said S 714 comer and the
� � � southeast corner of saia Section 11 thence; N 26° 38' 22" B. 205.09 feet, thence; '.-:•ir -
. _� 240.00 feet along the are of s Curve to the Ieft having a Tadius of 450 feet, a centTal
� angle of 30° 33'28°, and subtending a chord bearing N 11° 27' 38" E. 237.17 feet, �
thence;
� 494.g8 feet along the arc of a curve to the right having a radiva of 380 £eet,. a �b
central ang2e oF 74° 37� 58�� and subLending a ehord bearing N 2g° 34� 19�� E. 460.72 # '
_ ' Peet, LIIence; �
+'
N 66° 53' 18�' E. 82.87 feet, thence 388.6g feet along the arc of a curve to Lhe left �;
� having a radlus of 380.00 feet, a central angle of 58° 36' 20�� and subtending a chord �
«�%i � bearing N 37° 35' �" �. 377.96 feet, thenee; N 08° 16� 58�� fi. 91•24 feet, thence;
310.03 feet along the arc of a curve to the right Aaving a radius of 7152•00 £eet, a �
'- central angle of t5° 25' t0�� and suDtending a cnord bearing N 15° 59' 34" E. 309.09
' feet, thence; N 87° 00� 00�� 6, 7060.94 feet to the eaeterlY right-of-way line of ;.
` a Colorado State Highway 82, thence along said easterly right-of-waY of Highway 82 the 3
following two (2) courses: ,
'�:.I S a7� 50' S4" S., 847.t3 feeL, thence; �66.42 feet along ttte arc o? a curve to the ;
left, havi2ig a radlus of 11g6.00 feet, a central angle of O7° 58' 22��, and subtending
, `�. �� a chord bearing S 5t� 50� 10�� E. 166.29 feet to a point on the east line o£ Government ��
��' Lot 15 as ahown on the Bovernment Dlate of a survey performed by Thomas Wlthers, thence
along said eastline; S o1° 16� 00�� E. 93.87 feet to a Doint on the northerly right-of- �
• ' � way_line oP Maroon CreeB Road, thence along said right-of-way llne of Maroon Creek road �-
,� the £O11oW111g 86VeIl (7) coursea:
��: .
, S 3t° t7' t1" w. a92.t0 thence;
� 338.28 feet along the arc of a curve to the right, having a radius of 440.00 feet, a
,.�'.,� central angle of 44° 03' 01��, anQ subtending a choTd bearing S 53° 18' a7�� w. 33o.Ot
ieet, thence; ;
`�, s 75^ 20� 7t�� w. 370.00 ieet, thence; } `
320.7a ieet along the arc oi a curve Lo the right, having a radius of 1aa7.35 feet, a i
;,� central angle of 72° a7� 49��, and subtending a chord bearing S 81° 41� 05" W. 320.o8 �
ceet, thence: ,
,;� S 88° 02' 00" W. 7a5-86 ieet, thence
S 88� 5�' oo° w. 54�.59 ieet, thence i -
• t0a,8q Feet alon6 the arc of a curve to the leFt, havinB a radius oi 205•42 ieet, a p;-
" central angle of 24° 75' 20�� and subLending a chord bearing s 7a° 39� a9�� W. 103.75 �
: feet to the point of beginning. 3aiQ parcel containing 6a.B7 acres more or less. {�
� �L�`�
t°� . �
s�.
`
�,� ;
� � ^.
. .�,� .
, _..._ .._ ._,_ -- - --
;�r-------- .;_ --, .. , ._.. ,�...�:x��:�.,.,,�:.�--
�,r$ _ , _ ��•� ��. t- ' �,� .
� .. ..
.,�: ':. ` ` �. -:: � -
µ�•y
�- {,L i� :, .. � .. � , - .
�.: . `� ��.
i?�'�'• �, �.. ' , '
'�i � ' ' . '� . _
. :i
.�, ! - • 4:�
�J:'� � -
�
Y � ' •
.. � ��;?;��.t � 6_�,�17 ,.r�+� 4�,�C(: � (t.i. f�..� ; . ..ifr ° jt i t� !j� �•. y . {� t. � �:
i � � i �S+y'M1 .:1 y h.`, v 141 1!•;;R.Y 5�.f ` j" �:� t .��..
� ,p '�,�`.�.f����i'�. .�'F�^ �-�.' 1+ ,.n �-.P ' +��d �j;"['�,',}t{i•,t. ;�� " � ���'
F r ��ri'�.,.yy,� ' �' `� +''
,ia �.
� ,��s�S�;�.r� J„r:a1�y. xL�r°� �� � . r ?�`J ��1i%:.i �+�c + • �k.`.
�� .a' y.. ��� �i .'�1� 'a"� �.: �r :�•- •k�., y�,
.... v . ar..�DlKk2Y2:' ; '�A�-
1
#345693 06/11/92 1U:51 Ftec 5.00 E+K 6B0 PG 433 '
Silvia Davis, Pitkin Cnty Clerk� Doc S.UO y��.
_ — . .. .. . . _._ ._ . ;i
06B AND lL11NA(iL![8NT PI+71ai .
� E'1__�-..
This so and l3anagemant Plan datod thia /O� Quy of � :
, 1992, ie by and between tha Pitkin CouhL'y 8oard
i . ' o f o t Comm isa ioners ('!SOCC") and Albarta L. Moore and the � ( ,.",
- '. , Est�te o J'ameg 8. Moora (��Hoores"). � f�,,; ,
_ RECITALS �.�?;�>:
. . ;
- t? WHEREAS, �he �30CC wishes to purchase � certain parcel oP land 1
'�` described in Exhibi� A �ttache9 hereto and made a part kiexeof for ; �:
`� open space and trail purposes (the nProperty"), and ��
s
� ', Wfi�REAS, tha Moores deaire to sell the Property and 2iave � ,I�
,�� • . entered into a asrtain Vacant Land Contract to Buy and �ell Real
•� Tstate dated Marah 27, 1992 with the BOCC (the "Contract"), a11d • ,
"�� WHEREAS, � the Pitkin Count.y Open Spaae and Trafis Soard oP �
'"� � Trustees unanimously endorsed the purchase of the property, an8
i
WHEREAS, pursuant to the terms of the Contract, the parties
� agree that a Use and Managament Plan Eor the Property is neaessary
,;1,,_,; ,
and prudent for the continued banefit of the publics �
' IT T6 TFiERESY R�SpT,V�p, that in consideration of these
, � � Reaftials anfl other good and valuable ccsnsideration, the r.eceipt oE
� ' which is hereby aoknowiedged, the partfes hereto agrea a� follows:
a'-
' AG�EMENT
1. �assive Fark: The Propert•y shall be usad as a ��Passive �
�\. �� Park", without man-made fields for active reoreation.
��
2. Trai1B: The Property will be traversod by yuar-around
. � � . trails, whiah u�ay have benahes or picnic tables along side.. Thc: , �
,� trail �esigns and base matariala shali complemcant .i:he present
_ topography and flora.
'., 3. Irriqation: Whila the parties intend that the Property
� be maintained in its natural etate, Pitkin county may irrigate the
property ta enhanae native plants snd landacapes thereon. Pitkin
" . Ccunty may, at ita expanse, oreate ponds or lakes o� the Property,
�:� provifled auch are in aomplianae with al� applicable' goVernmdntal
. rules and regulation�. • ;,
. 4. Bestriote tt�sas The Property shall be utilized fcr no �` -
� other purposes and no aommereial, resi8ential or other uae stiall l>� r i
F� allowefl includinq but »nt limitefl to no amployoe ar �'frne marY.et�� .
� housin g of an y ki n d a h all be built on t h e P r o p er L y. 2I o r•t:r t i a t u r�o ; h ,
�. other then fencing and trail aite eshelters ahall be consCructed on �,'ti;.
the Property. • >> +
,`� ,
.r� . .
;' �
:I
� r
li�..
�� � ^.`
� T L�.. �,..y�.uv.�..-�����—_._. ___�.._..._..'�-�.....�•-�-•---_—_ 1� .
. ��...�....��w�..r_..
5 �Z�` �'; . : '. �.:l � ' �' . '.. �� � � -�� � ' J�k.t4..�v 3a�"{- ,. .
. . �f' . . \ ' . " 1 , ,
, . . . . .. ` �r` .
w�.
.,l ._ •
1� w�i _ ` . :.�y ;
: ,���, ' ' `
, '� ,
;�- .
4� - - • ; .. ' ' ' . , . ,�•
t • . ,
� . . . - . t.'P � . �.
. i
I �;��' . . . . .
Y
.._ �r ` r3 'i �° r y� r�`• -y C "4^t i i�+ t*�-'1{t :'�?.�,,�Syu �����i::
�� � '� �'f1 ��� .sT �-,� ��'%°�� tita° c2:�,ffs�+�' 4.��'`"`� � �, -
� i� �� � Q j'��, z�F����ft'�:�� ' �1�,
P� s�n r ,{ `'Q'�}(['' "r,,d
s V "' ay' � y, �1 Y j y` ...Y; ft 'itf��4� , �, �r:
��t T �
J .,. . �{ix''�Tai:v�f�i.w�+���V. . � tg.��� ' .:i0w.vtt.••ve,�:�'. �i.
.
' ' ' #345b93 06/11/92 10:51 Rec �.44 BY. 680 FC, 434 •
_ , Silvia Davis, Pitkin Cnty Clerk, Doc 5.00
. �
� 5. Retained F.as8blBhti The partiies acknoWledge that ths �`.
Color$do Dapartment of Tranapartation may expand th�, H3ghway s2 and -
� Maraon Creak RoaA iaterseotion. A� easement for this purpoge shail
be re�ained by the Tlooras Which casc+metit shall Y�e r�as�.qnrsd ta L'he �:,:�'
Colora8o Department of Txanaportation if neaesaary. Tt►a area o£
tha easemerit sria11 nob extend furthar thsn the existing �oo of i:he � r
hiilside. Cottonwood trees south of Highway 82 may also be removed �''
� far auch an intersaotian oxpansion. . t�
. �
- 6. Termination= In the event the Property r.evn�ta to tha
� Moores, thelr sucoessora� or asaiqns !or any reason, thig T►c�reement � ''
a• shall automatically te�dtinate upon title to the Property vestinq in
tna Moores. their auacar�sora or �,asigns. . y�,`:•-
' '1 9, cpn9ltian ,preced�ntr A candition precedent tn the '�� '
,� • effectiveness aY thls Agreement is t.he consurmm�tion af the purchase
:�� and sala aantemplated uadoY tihe Contrac�. In tha evont tha
purchase and sala is not consumma�ed fcr any reaaon, this T.qreamant
ahali be null and veifl and o! no furthar Yorca or ePfoct unless
'*:� . � otharwise mutunlly agreed to by the parties.
� 8. �£fective natei The effective date of thfs Agreement ;
� - sha11 be ths data �itle to tha Property is vested in the�DflCC. � �.
Dated on the date Eirat �bove written. �
.:��� _ ' ' ' �
p PITKIN COUNTY $OARD OF CGT3NTY 3
COI�II�SISSIONERS Y`. :
.a' �
. Bys . ��_�„c ' a_..
� �
. C irman G-�6-��.
_�\ �` . �
p .�.� .ra:'�. . . � . . . p q� � , ;c, -.
. ,.,� . � � �1�._.rsp`�-= +C•-- i"/ZDa�.�.__ � . �.
� e AlberCa L. Mooze —— - - - �
��• '
. ��
`-;: • . ;
- • ' THS ESTATE OF 3AMES £. MOORE � �
• . ' � �:
�.` . � . � . � � � ---��� - � `�
:: . .- �/ � aY,���_�._.��� .
,,,: .
. . Thomas_?.. Mc;ara,
• Pexsonal Representat:.vo , �
• �:'
� a
�, �
. ��_ . �
_2� a.�,,.+��.:
�� "
,,-
'`� . • , }l�r��a`,:
• g ,��'�:-
J�. . ' - (..�:.
J Q::
��;,.M.-' _ - ;"w �---- ---------,�:4y�,..,� E•. ��
,� .Yz. '" � �! ,r: k ` - i :
. r"�'� � . ��,- �Sr?'' *`�� � �
K*
:. '-jY� _� ( �yY�_,. . .
� � ��
;1.. - ,
.�a:`,.� -
�a � � ,
���, r .
�' �_!'
� , ' .
' ' � ' ' - . �;�
r'-. . .
;�;� ' . '
.. -',r+:� � . �. �
� ri��
1'.."i " +t . - a }t' � .}5�,� .� 4 }� -�i� �.!}..i�;+ J,_..<< an.� IM1����
j����r :r . �1=j•�t� � i .� ��''.�,�r..� a xy. kt�'. �}1f e�'«
..�E-• �` •� r.fi�h� ° � y a5 �{�y7, F � tr' c �I��"�� ,,:w'�y�' i�l '� .
. � � '� #k^' F� ��+ -+S �'�3 irR y� '� �� � .
y � h,,: .r;. ,,�•
_.� �*� �'' f �-���
'+' ,s �¢,3, x 9 +. i � .:,�t F �� �y„� 3
i` ��,'�� ,'r}` , .�kJ.� �1,j�j ������, -•�..� ��,G� � •; i
_:.r , � _ . r� . -,��`� _ .. . .,�'`'�►' .
. ,;. _. .
- _.,: .�.- ; .'. . . .,.: . , '- . ..' . _ . . ;-:
.; .
- � .
� � #345693 66/11/92 1U:51 Rec k.40 8K bQ0 PG 435 r
y . � Silvia Davis, Fitkin Cnty Clerk, Doc $.00
� ,
� �'::'.
a
'� 5TATL� OF �i�jg.FyG � -
�: '.
) 66� j��','.;
. �? - CUUNTY OF �r.�iw y
.s ,..:
L Tha Eoregoing ias�runtent was ao3:nowledged beiaxe nc+ this _/D� r '
�
-- _."'., day of � v.ti.. � � 1992, by�a�as �- f��a vE. , � ��
� �. .
Chairman of the I'IThIi7 COUNTY BOIfRD OF COUHTY COMMI8SI4NER5. • ��;',
=` � . Withese my hand and oPficial seal. • " � �� .
'� � y -
My commis6ian sxpires ,�?_s.G`;- � ,,
c�� ,�;;1�/;.
rt: c. . .
. N aYy Publi� „� �G,�,
>� `rjF , • •
STATE OF ��o�o-(y O ) � ?f.
. � gs. '
COUNTY OF -����V� ) . �
��.: ` The foregoinq it►Btrument was acknowledged before me this o�7
_ day of �n,.Sl. , 1992� by ALDERTA L. MOORE. �
_ � ,• FTiLness my hand and oPfioial seal. !
.vE • � `S�` f
. My carunfssion expires ��a-���'7� _ �
� I
�
� '` Notary publ �
r -� . ..
x >
�.;.. 32'ATS OF �O � _�
�r� � �
;. . ) as. . � �.
'si . COLTNTY �F �'_����{1 �
,� . The foregoing inBtrumenti was acknowladged before me tihis o�
day af __� , 1992, by �'HOMAS A. MOORE, Perqanal
� ItepressntatiVe o� THE ESTATE OF �7AME3 E. 2400RL.
Witness my hand and oEficial seai.
' � Hy commis�ion axpirma �1a9/9� . '
� � ' � �4�
;.
. � :�,iJ ��'•• c� . � r
� ,i� sJ` NOtiBY�► P 14 k� �w�'
• ti ,
� � i �
�':i-n . t��n
k,}� :
f `N�s� . �� a
� M
+_ � ' . .... • . . . 'i ^..
.l'. � . �.�� .$l::
.. �.�.� ' . , . . ` .
�
� '" - --. �_ �..
. -: : .. � � .. _.. ;.'�n . . �..�..����. '"_' _ _' _' �".RS^.�-Ywa.esm...u1'r:tiq!�Gy-;,F.�..r ..
f-. _ . ��; ' . . .
1 � `" �
?� t� � � ' �,�'1 ,
�� - , , � .
y, :r '.i
�!c . - '� •
, '�` _ � _ . .
, � . . . ; i'. . . � . . _ . . - � � ... ' . �. . `i
. . . � ' . � � _ � � . t.'l+ . . . � . .
. .. ..%�`76�_ , . � .