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Home My WebLink Aboutbocc.ord.002.1996 j'�;,.,. � i�t.:' �, AN ORDINANCE OF THE � BOAAD OF COUNTY COMMISSZONERS ' � OF PITKIN COUNTY, COLORADO, AUTHORIZING � .� EXECUTION OF THE ORPHANT BOX MINING CLAIM , i, VACANT LAND/FARM AND RANCH � ' � CONTRACT TO BUY AND SELL REAL ESTATE, AND ` +.,. AUTHORIZING EXECUTTON OF THE EXCLUSIVE RSGHT-TO-SUY CONTRACT j-`: ORDINANCE #�_, SERIES OF 1996 1. The Voters of Pitkin County and the Fitkin County - r Commissioners have established an Open Space and Trails fund for the ur oses of reservin and develo in o en s ace and � P P P J P 3 P P ':��, - trails resources in the County, and have established an Open Space and Trails Board of Trustees to guide the expenditure ,� � of those funds. �`' }, i: 2. The Open Space and Trails Board of Trustees, has, on behalf '�; ' of the County Commissioners, entered into a ��ontract with �_ Wallace F. Burtis and Donald E. Moor for the conveyance of ?7 real estate that is appropriate far open space use and various other multiple uses to be determined by the Board of County Commissioners. '" ,: 3. Attached as Exhibit "1", and incorporated herein by reference, h� � is that Contract. � 4. The Contract calls for the conveyance of approximately ten (10) acres of property north of Highway 82 near the top of Independence Pass for the sum of $16,0OO.OD. 5. The Property is an inholding within Federal lands, is within the Highway 82 viewplane, is located within a fragile alpine zone, and is reasonably priced, thereby qualifying for Open Space and Trails purchase under established acquisition criteria. 6. Attached as Exhibit "2", and incorporated herein by reference, z is an Exclusive Right-To-Buy Contract (Buyer Agency) which acknowledges that Robert D. Small (Broker) represents Pitkin County in the negotiations for this acquisition with the property owners, and that Pitkin County will pay Mr. Small an eight-percent (So) commission upon closing. , NOW THEREFORE BE IT ORDAINED by the Board of County � Commissioners of Pitkin County, Colorado, that: i Section 1. The Board of County Commissioners of Pitkin County hereby grants approval for the purchase of the Orphant Boy Mining �1 Claim for open space purposes. (' Section 2. The Board authorizes its Chairman to execute the J� Real Estate Conkract and associated addenda attached hereto as } - :$9c88 01/19/96 �1;e19R Pi3 1 QF 15 REC llOC UCC � 5ILVIG DAVIS RSTKIN COUNTY Ct_FRN. R RF.CORDEFt i I; / i , �� _ . � �;.. $^:�::�;:_ �,x�.��,-k '` � „ �' TH1S FORM NAS]M]'ORTANT LECAL CONSEQUENCES AND THE PARTIES SHOULD CONSULT LEGAL AND TAX OR OTfiE{t COUNSEL BEFORE SIGNING. VACANT LAND/FARM AND RANCH ��'I {'> CONTRACT TO BUY AND SELL REAL GSTATE � '� �. ,I9 95 7. PARTIES AND VROPERTY. Piikin County 8oard of County Commissioners, �.� �Buyer7, ' ` sex�xert?agrees to buy, and che undersigned seller(s) [Selter), agrees to setl, on the terms and conditions set forth in this contract and the Addendum aftached hereto, the follouing described real es[ate in the Counties of Lake/Pitkrn, Colorado, to - uit: Orphant Boy Lode Mining Claim 11.S.M.S. ilG4Z5 in the leke Creek and lndependence MinSng DiStriciS. � �� -, knoun as No. N/A . i- . ts�,m ndan.,c��y.sm�.a'w� h. together uith all interest af Seller in vacated streets and alleys adjacent fhere[o, all easements and other appurtenances ' thereto, all improvements thereon and all attached fixtures ihereon, excep[as herein excluded(colLectively che Property). _ r Cd)4ater Riabts. Purchase rice to include the folloai , �� . P rt9 uater rights: None M� (e)Gra+im Crops. 17ith respect to the grouing crops SelLer and Buyer agree as follous: N/A � e� The above-described incLuded items C[nctusians)are to be conveyed to Buyer by Selter by bitl of sale, N/A deed or � other applicable legal instr�nent(s) ac the etosing, free and clear of all taxes, liens and encunbrances, except as provided in Section 12, The follouiag attached fixiures are exd uded from this sele: N/A �� 3. PURLHASE PRICE AND TERMS. The purchase p�ice shall be 516.000.00, payable in U.S,dollars by Buyer as folloNS: <Cmplete ihe appticable terms belau.) (a)Earnest Monev, �; 5500.�0 in the form of check , as earrtest rtwney deposit and part paymen2 of the purchase price, payable to and he(d 6y Ro6ert D. Small , hroker, in its trust acceunt on behalt of boch Selter and Bayer. 9roker is authorized 2o deliver the earnesc money deposit co the dosing agent, if any, at or 6efore ctosing. See Adde�dum. � The balance of 815.500.00 {purchase price less earnest money)shalt be paid as follous: f� Cb)Cash at C(osina. 575.500.00, plus closing coscs, [o he paid by Buyer at closing i�funds uhich camply uith all applicable Colorado lsus, uhich incLude cash, etectronic xranster funds, tertifietl chetk, savings and loan telLer�'s check, and tashier�s check, (GOOd Furu}s). a 4y BayeF ek+iaaiaii g--a-�aeu—Lear+ --$hi�-4ea��i t-t �a sesNred 4y a c�--.�,—�usF� , "°`T_��'�'°'t:o.�� i �a+wer-�-€-ar�f._` `�paid by � � .:Ei9._98 ��1/19i96 Qi„c19F� f-�G � uF 15 i �:.r.-.. . . ` , . � , ';� ' q �,� �� . - __ - �- � - ---- _ _ _� - _- �T- e ii...cd Rar Y-.-�°i��le--ia� . ��_ �— - _ _ —� _��- _ — —� �6 �� —�• —�� ;;t39�8B kl/19i9E �;:1`il=' F,G :+ DI- 1 i 1�� r 5. APPRAISAL PROYISfOM. CCheck one box only.) This Section 5 �_�shall �R�shell not epply. ?'� � If this Section 5 applies, as indicated ebove, Buyer shall have the sole option a�d election to terminate this contract � if the purchase price exceeds tbe Property's valuation determined by an appraiser engaged 6y N/A Tfie ron[raci ' �� shall terminate by the euyer causing the Seller to receive Hritten rrotice af termineiion and a capy of such appraisal or uritten no[ice from Ierxier which co�firms the Property�s valua[ion is less than the purchase price, on or before M/A (Appraisal Oeadline). tf SeLler does not receive such wriYten notice of termination on or betore tbe appraisal deadline, Buyer waives any right m terminate under chis secCian. .. 6. COST OP pPPIG[SIIL. cost of any appraisa! to be obtained after the date of this can[ract shal! be [imely paid by �� 6uVer 7_ NBF ASSiGMABLE. This cuntract shall neF 6e assig�abte by Buyer uithouT Setler's prior wriiten co�sen[. Except as so restricted, this contratt shall inure to the benefit uf and be bi�ding upon ihe heirs, personaL representatives, successors and assigns of the parties. 8. EVIDENCE oF TiT�E. - - - Buyer shall acquire, at Buyer's expense, either � a curren[ comnitment tor ouner's'title'insurance policy in an amount^equal^to the purchase price or �s-rMaiee�-an abstrazt of title certified to a current date, on or before December 15 , 79 95 (TiTle Deadline). - - - eF-sevnFies. The title insurance comnitment, to9ether uiih any copies or aCStracts of i�strunencs furnished pursuant to this Section 8, constitute the ticle documents CTitle nocuments). - - - - - ' -- - - - , - ^s£�. ll Buyer acquiies a iide insurance commitment,Buyer wil!pay iAe premrum atJclosing. ^ 9. TITLE. (a)Titte Revieu. 6uyer shall bave the right to inspect the Title Doeuments or abstract. 4ritten notice 6y Buyer of um�erchantability of title or of any ocher unsatisfactory title condition shoun by the Ticie Documents or abstract shall be signed by or on behaLt of 8uyer and given to Selier on or before 70 calendar days after Titte oeadLine, or uithin five(5) . calendar days after receipt by euyer of any Title Document(s)or endorsement(s)adding neu ExceptionSs) to the title comnitme�t together uith a copy of the Title Docunent adding neu Exception(s) to title. If Seller does not receive Buyer's notice by the date(57 specified above, Buyer accepfs the condition of title as disclosed by Yhe Title Documents as satisfaciory. (b)Matters Not Sho�m bv the Public Records. Seller shail deliver So Buyer, on ar 6efore the Title Deadline set fnrth in Section 8, true capies of afl lease(s) and surveyCs) in seller�s possessiort pertaining To the Property and shalL disclose Yo 8uyer all easements, liens or oiher ticLe matters not shown by ihe puhl9c records of which SeLler has actual knouledge. Buyer shall have the right to inspeci the Property to determine if any third party(s) has any right in the Proper[y not shoNn by the public records (such as an unrecorded easernent, unrecorded lease, or boundary Line discrepancy). Writ[en notice of eny unsatisfactory cmditionSs) disclosed by SetLer or revealed�by such inspection shall be signed by or on behaif of Buyer and � given io SeLLer on or before December 22, 79 9S . If Seller dces not receive BuyeN s nocice 6y said date, 9uyer accepts title subject to such rights, if any, of third par[ies ot uhich euyer has actual knoutedge. (c)SpecSal Taxing Oistricts. SPECIAL TA%1MG OISTRICTS MAt 8E SUBJECT TO GENERAL OBLIGA72UN IN�EBTEDNESS TNAT IS PA[0 BY REVENUES PRODUCED FRdI FNNURL TAX LEYfES ON THf TAXABLE PROPERTI 4/THIN SULH O1STRiLTS_ PROPE(tTY OYNERS IN SUCN DIS7R1CT5 MAY 6E PUICED AT R(SK FOR INCREASED MILL lEVlES AND EXCESSIYE TW( BURDENS TD SUVPORT THE SERVICING OF SULH OEBT YHERE CIRLUMSTANCES ARISE RESUITING IN iHE INABILITY OF SUCH A DISTRICT TO O15CHARGE SUCH INDEBTEDNESS YITNOU7 SqCN AN INCREASE IN MILL LEVIES. BUYER SHQRD INVESTIGIITE THE DEBT FINANC[NG REWIREMENTS OF TNE AUTHORIZED GENERAL OBIIGilTiON tNDEBTEDNESS OF SUCH DISTRICTS, E%[STING MILL lEV1ES OF SUCN DISTRICT SERVICiNG SUCN INDEBTEDNESS, AMD TNE PUTENTIRL fOR AN INCREASE fN SULN Mil! LEV7f5. In the event the Property is locaced uith5n a specia( taxing district antl Buyer desires 2o terminate this contrect as a resuLt, if Nritten notice is given to Selier on or before the date set for�h in Subsection 9(b), this contrac2 shall ihen cerminate. !f Seller does not receive 8uyer's notice�by the date specified above, Buyer accepts the effect of the Property's incLusion in such speciet taxing district(s> and uaives the right to so terminate. (d) Riaht to Cure, ]f Seller receives notice af urn�erchantability of title or any otAer unsatisfactory titte condition(s)as provided in Subsection(a>or(b)a6ove, Seller sha64 may use reasonable eitort to correct said unsatisfactory [itle condiYion(s)prior to ihe date of closing. if Seller fails tn correct said unsat5sfacxory citle condition(s)on or before the daie of closing, this contract shell then terminate; provided, hauever, 6uyer may, by uritten notice received by Seller on or before dosing, uaive objection to said unsatisfactory title condition(s). � 10. INSPECTIDN. Selter agrees to provitle Buyer on or 6efore Oecember 15 , 1995 vith a Seller's Property Disclosure form completed 6y Seller to the best of SetleN s cwrent actual knouledge, Buyer or any designee shall have the right to have inspection(s) of the physical condicion of the Property and Inclusions at 8uyer�s expense. If written notice of any unsatisfactory condition, signed by or on benalt of Buyer, is not received by Seller on or betore December 22, 1995 (Objection DeadlirieJ, the physical condition of the Proper[y ard Inclusions shail he deemed to be satisfactory co Buyer. If such notice is received by SelLer as set forth above, antl if 8uyer and Seller have rrot agreed, in uriiing, to a settlement ihereof on or before December 29, 1995 (Resolu2ion DeadLine), tAis rontract shall terminate three calendar days follouing ihe Resolution 389�:88 L1/19/96 L:s:19F' F'Ci S OF 1S I / ��; � ' ' � ~ :i „� , -y i ' �' ;� , peadline unless, within the three calendar days, Seller receives uri[ten nocice fran Buyer waiving o6jec[ion to any - � �. unsetisfactory condition. euyer is responsible for and shall pay for any damage which occurs to the Property and (nclusions as a resul( of such inspection. ,. ' . 11. DRTE OF CLOSING. The date of closing shall be See Addendun, ;A-�-=—T or 6y mutual agreement at an earlier date. The - � hour and place of tlosiry shall be as designated by aareement of the parties fn pitkin Countv . ''�� .i i+- 12. iRANSFER OF T1TLE. Subject to tender o� payrtient at closing as required herein and compliance by Buyer uith the other � , terms and provisions hereof, Selter shalt execute and deliver a good and sufficient Soecial Narranty deed to Buyer,on dosing, . caaveying the Property free end ctear of all taxes exrept the generel taxes for the year of cl.osing, anA-exsepf � . '• N/A 7i[Le shall be conveyed free end clear of all liens for special improvements instelled as of the - ' date of Buyer's signature hereon, uhether assessed or not; eacept (i)distribution utility easements(induding cable TV), (ii5 r.�•�. those mat[ers reflected by the Title Dncuments accepted by Buyer in accordance uith subsection 9(a), . (iv) inc(usion of the Property within any special taxing district, and(v) subject to buildin9 and zoning regutations. � t3.PAYMENT OF ENCUMBRAN[ES. Any encunbrance required To be paid shall be peid ai or before cLasing from the proceeds of this �- �- trensaction or from any other source. �� .. 74. CLOSING COSTS. DOCIMENTS AND SERYICES, Buyer --�`-"- pay, in Good Fwids, �,.�..-�-�,��a/!closing costs and � ��' a�r shaLl .�_:_ ___. E._ - all other items required to be paid at closing, except as otheruise provided herein. 8uyer ard^Seller shall sign and complete s � ' att customary or required documents at or before clasing_ Fees for real estate clnsing servires shall not exceed S300.00 and . shall be paid at alosing by Bu er. The (ocal transfer tax ot 0 %of the purcbase price shall 6e paid at closing by N/A. 0.ny sales and use taz that may accrue because of this trartsaction sbalt be paid when due by.Seller . 75_PRORATIONS. General taxes for[he year of closing, based on the ta%es for xhe calendar year immediately precedin9�losing, ' rents, uater and seuer charges, hameouner's association dues, and interest on continuing loan(s>, if any, and N/F shall 6e prorated to date of dosing. * T6. PDSSESSION. Possessiwi of the Property shall be delivered to 9uyer as fallous: uaon deliverv of deed subject to tAe follouing lease(s) or tenancy(s): , �r'� None if Setler, after closing, tails to deliver �i� possession on the date herein specified, Seller shalL be Suhject to evic[lon and shall be additionally liable ta Buyer for �� payment of S50^00 per day from the date of agreed possession untit possession is delivered. 17. CONDITlpI OF pND DAMAGE TO PROPERtt. Except as otherwise p�ovided in this contract, She Prope�iy and Inclusions shall � be delivered in che condition existing as of the date ot this cantrac[, ordir.ary uear and tear excepted, tn the eveni the Property shall be damaged by fire or ather casualty prior to time of closing, in an amoun2 of nat more than ten percent of the total purchese price, SeLler shall be obliga[ed to repair the same before the dete of closing. t�the event such damage is not repaired ui[hin said[ime or if the damages exceed suth sum, this contract may be terminated at the option of Buyer. Should Buyer elect ro carry out this contract despite such damage, Buyer shall be entitled io credit for all the insurance proceeds �� resul[ing from such damage To the Property aM Inclusions, not exceedin9, however, the [otal purchase price. Should any lnclusion(s> or service(s) fail or be demaged between the date of this coniract and the date ot ctosing or the date ot . possession, uhichever shall 6e earlier, ihen Seller shall be liable tor the repair or replacement of such IncLusion(s) or service(s)with a unit of similar size, age and quality, or an equivalent credit, less eny insurance proceeds received by Buyer coVering such repair or replacetnent. The risk of loss for any damage to grouing cfops, by fi^e or oLher casualty, shaLl be borne by the party entitled to the grouing crops, if any, as provided in Section 2 and such party shall be entitled to such insurance proceeds or benefi2s for the grouing crops, if any. 18_ TIME OF ESSENCE/REMEDIES. Time is of the essence hereof. If any note or check received as earnest money hereurWer or any other payment due hereunder is not paid, honored or terxfered when due,or if any other obligation hereunder is noi performed - or uaived as herein provided, there shall be the fotlouing remedies, (a3 IF eUYER iS IN DEFAULTc [check one box only.] _ �. �X� (2) Liquidated Danoges. Rll payments and xhings oi value received hereunder shall be forfeited by Buyer and retained �� on behalf of Seller and both parties shatl thereafter 6e relea5ed from all obligations hereunder. li is agreed that such r payments and things of value are LIaUIDRTE�OANAGES and(excepx as provided in Subsection(c))are SELLER'S SOLE HND ONLY REMEDY 4 for Buyer's failure to perform the obligations of this cantract. Seller eapressly uaives the remedies of specitic performance and addStional damages. 'i' i (b) If SELIER [S 1N DEFAl1LT: Buyer may elecL to treat xhis contract as canceLled, in uhich case all payments and things of value received hereunder shaLl i be returned and 6uyer may recover such damages as may be proper, or Buyer may eleci to treat this coMract as being in fult , , - � force and effect and Buyer shall have the right to specific performance or dameges, or botfi. � i 389�t]9 01/19/9L ti3;19P PG i 01= 15 7 � � �� • , � .,, • � 4 . ., (c)CASTS AND EXPENSES. Anything[a the cantrery herein notuitbstending, in the event of any a�bftretion or litiga[ion a�ising �y+�,;'r� out of this contrect, the arbitraior or couri shell award to the prevailing party all reasonable costs and expe�ses, induding �;'r"��-�"' attorney tees, �;�. 19_ EARNEST NONEY D[SMRE. Notui[hscandirg any lerm;nation of this contract, Buyer end Se[ler agree that, i� the event of � any caiIroversy regarding the earnest money arxl things af vetue held by broker or ciasin9 sgent, unless mutual uritten ' . instructions ere received by the holder of [he earnest money and things of value, broker or closing agent sball �rot be required .i. to take any action hut may auait any proceeding, or at broker�s or closin9 agent�s option ard sole discretion, may interplead '> all parties arrcl deposit any mwieys or thin9s of value into a court of cumpetent jurisdiction and shal! recover rourt cosis and ^';. reasonable aitorney fees. " 20_ qLTERNA7IVE Di5Pl1TE RESOLUTipI: NEDIATIdi. If a dispu[¢ arises rela[ing io this cantrect, ard is not resolved, [he � parties and broker(s) involved in such dispuie(Disputents)shall first pruceed in good faith to su6mit the maiter to mediation. The Disputanis Will jointLy appoint an accepta6le mediator ard will share equally in the cost ot such mediation. In ihe event the eniire dispute is not resolved wiihin thirty(30)calendar days from the date of written notice requesting mediation is sent by one Disputant to the ather(s), the mediation, unless otherHise agreed, shall terminate. Th;s seciion shall not alter arn/ date in this coniract, unless otheruise a9reed. � � 21_ AqDfT2d1AL PROYlSIONS: - See Addendum attached hereto and incorporated herein by�eference. � 22_REC001ENDRTION OF lEG0.L COUNSEL. By signing [his docunent, Buyer and Setler ecknowledge that [he Se(Ling Company or the , Listing Conpany has advised that this document has important tegal consequences a�has reca�mended tFe examination of tit[e and consultation uith legat ard taz or other cnunsel before signing this contract. Z3. TERM[NAT10N. ln the event tbis confraa is terminated, alL payments and things uF vaWe received bereunder shall be � reiurned and the parties shalL 6e relie�ed of all obligations hereunder, su6ject to Section 19. 24.SELLING COMPAIf1'BROKER RELA710NSHIP. The selling 6roker, Robert D. Small , and its setespersons have been engaged as ewer�s eroker . Selling CmQany has previously disclosed in uriting io the Buyer thai different reletionships are availabte which include buyer agency, seller agency, subagency, or transaction-broker, 25. NOTICE TD BUYER. Any notice to 8uyer shall be effective uhen rxeived by Buyer, or, if this box is checked �_� uhen received 6y Selling Company. 25. NoTICE TO SELLER. Any notice fo Seller shalL be effective uhen received by Seller or Listing Company. 27. Ma01FIGTION�F TN15 CANTRACT. No subsequent modification of any ot the terms of this contract shall be valid, binding upon the parties, or enforceable unless made in uriting ard si9�ed by the parties. 28. Et171RE AGREEMEMT_ This contract constitutes the entire conirac[6etueen the partues rela[ing to the subject hereof, and any prior agreements pertaining thereto, uhether oral or urftten, have 6een merged and integrated inm this contract. ,�" 29, N0T[CE OF qCCEPTAN[Ec LOUNTERVARTS. This proposal shall ezpire wtess accepted in writing, by Buyer and Selle�, as � evidenced by iheir sig�atures helou, and the offeri�g party receives noiice of sucfi acceptance on or before 19 (Acceptanre Deedline). If accepted, tbis docunent shaLl becane a contract between Seller arxi Buyer. A copy of ihis document may be executed by each party, separately, and uhen each party has enecuted a copy thereof, such copies taken together shall be deemed to 6e e ful( and compLe[e contract betueen the parties. FOR THE BUYfR: ��-.- - �� /-//-yC . Prikin Couniy 8oard at County Commissianers, Chairpe�son Oafe itkin County CouKhouse /506 Easr Main Streef Aspen, CO 8161 f APPROVEO AS TO CONFEN7: " ��.�� // a�� /�,-- �• Pitkin County Open Space and Trails 8oard of Trustees Oa[e Chai�person �89c&8 01/i9/9E� 03:19F=� F�G 7 GF 15 I / 1 � . '�..�'s.�� . � � c � 4 ;_ �,.;:.i. ��:_ c�;;. APPROVED AS TO FORM: } f '--� �'a�/�,�i ��- ,� z ) Prtkin County torney Date i, /,f'/ct�� ,�ti.C�J /'a/� 4 S" Seller � OeYC o— f S�er's Signature (lJ .'�J FJ�{�L�YY74[LCi�J N ,[/2�+GQ lif/ O f 4 6 � � SeUer's Address � ��,�Q�; ��'�z /,Z/�,/�9� . ' Setler Oate of Seller's Signature � �%�1 ,�;�i�Y'�5�.��d/v: �� /oo,— �/�'f Seller�s Address ' � . The undersigned Brokerts) Sex�pany contirms its Broker Relationship as set forth in Section 24. Selling CaepanY .7 � � ��' �L, � r G �,�1,:�t � �„ti�.�\ , t �. �<,�tiyl �:\�.z� , C� ��-(-c�: Name and Address ��. c [ �/ -� B cw��el .'v\ ��. �\� �.�� 7 . 19 C�� • \ Date ��;(; � �,�� C; ,��, ��-� � � -- - .-.�- Date NOiE- closina Instructions should be siarcd at tbe tSme tbis cancroct is signed_ � ;;p9c08 Vil/19/9E� 0.::19G PG 0 UF 15 II 1 � pcmac:wp:administration:orphant_contract � ' 6 � z A .� / �} :� � ; ..5. ,�� ADDENDUM TO VACANT LAND/FARM AND RANCH CONTRACT TO SUY AND SELL REAL ESTATE Dated , 1995 By: Pitkin County Board of County Commissioners, Buyer/Grantee, and Wallace Burtis and Donald Moor, SelledGrantor(s) ADDENDUM to that certain VACANT LAND/FARM AND RANCH CONTRACT TO BUY AND SELL REAL ESTATE dated , 1995, between PITKIN COCJNTY BOARD OF COiJNTY COMMISSIONERS, Buyer, and Wallace Burtis and Donald Moor, _ collectively "Seller", is entered into simultaneously with that Contract and is supported by the same consideration,terms,conditions and covenants as set forth therein and herein. In the event of any inconsistency between the Contract and this Addendum,the terms of this Addendum shall govern and control. 1. Contineent Uqon BOCC Ap�roval. This Contract is expressly contingent upon official approvat by the Pitkin Counfy Board of County Commissioners(BOCC)at its eariiest available regulazly scheduled meeting which occurs after the date upon which this Contract is signed by tlie Pitkin County Open Space&Trails Board of Trustees,the Pitkin County Attorney and the Seller. The parties understand and agree that such approval requires consideration of the Con[ract at two readings at regular and official meetings of the BOCC, with a Public Hearing as the � second of those meetings, and shall be subject to applicable provisions of the Pitkin County Home Rule Charter and Colorado Revised Statutes. Should this Contract not be approved by the BOCC for any reason,this Contract shall become null and void upon the date the BOCC refuses or fails to approve the Contract(unless otherwise mutually agreed by the parties hereto)and all � eamest monies shall be immediately returned to the Buyer. 2. Conditions of Title. The Seller shall execute a mechanic's lien affidavit in favor of the Buyer a�d the title insurance company and its agent issuing the policy at closing. The commitment sha11 be delivered to the Buyer together with legible copies of all documents of record noted in the commitment as exceptions,including all plats. ]f the Buyer,in the Buyer's sole and absolute discretion,does not approve the condition of title as disclosed by the foregoing documents, then Buyer shall have the right to cancel the Contract and receive a return of its earnest money, in which event, the Contract shall be null and vozd. Buyer understands and accepts that the Property has been assessed in Lake County,Colorado and that the title insurance policy to be delivered at closing will indicate the Property is located in such County, despite Pitkin County's good faith belief,based upon its research,that the Property is actually located partially or entirely within Pitkin County, rather than Lake County;therefore this condition of title shall not be reason for Buyer to vaiidly terminate the Coniract based upon a review of the � title and receive a return of its earnest monies. 3. Seller's Representations and Warranties. A. Seller warrants and represents that Seller is not now a party to any litigation, and Seller knows of no litigation or threatened litigation affecting the proper[y or inclusions,and . i 389�8II �T1/19/9E 03:19F' F'G 9 DF 15 . . ,' ��;:; �"r`' Seller shall give to Buyer prompt notice of the institution of any such litigation. - � B. Seller warrants and represents that,as of the date of closing, there wilf be no 2• delinquent bills for work, labor or materials done,performed or furnished that would give rise to a mechanic's lien against the property. 4. Survival of Representations, Warranties and Covenants. All representations and warranties made by Seller herein,inctuding agreemenis and rights of both - , Seller and$uyer shall survive at closing and not merge at closing. - Y, . 5. Deliverv of Eamest Money,_Closin�Date and Extension of Closing Date. The Earnest Money referred to in the Contract will be delivered to Robert Small,Buyer's Broker,immediately following successful satisfaction of the contingency set forth in para�raph 1 of this Addendum. • The date of closing shail be lanuary 30, 1996. Should the contingencies described above not be met in time to meet the closing date set forth in the Contract despite Buyer's best efforts,Seller agrees to extend the date of closing,for up to a petiod of two months,i.e. no later than March 30, 1996. Buyer shall notify Seiler,in writing,of this extension of tlie date of the closing,by no later than January 25th, 1996. 6. Foreign Person Transferor. Seller represents and warrants ihat Seller is not subject to , withholding as defined under lnternal Revenue Code Section 897(Foreign Person Transferor). Seller agrees to execute an affidavit to such effect at closing. 7. Telefaxed Documents. Parties agree that te(efaxed,signed copies of both the offer and acceptance and other contractual agreements pursuant to the Contract are deemed effective and binding upon the party so executing or accepting so long as an actual signature copy is w_ transmitted to the other party as soon as practical thereafter. 8. Interest on Degosi[. All earnest money shali be placed in an interest beazing escrow account with interest accruing to the benefit of the Buyer,unless the deposit is forfeited by virtue of the terms of the Contract. Interest earned on the deposit shall inure to the benefit of the Buyer if the transaction contemplated by tlie Contract closes. If the Buyer,for any reason described in the Contract,validly terminates the Contract,which tarmination results in the Buyer being entiUed to the return of the deposit,then interest accrued thereon shalt also be returned to the Buyer. 9. Colorado Withholding Rec�uirements. The Seller has been advised that under Colorado law,a title insurance company or other person responsible for closing the sale of Colorado real property may be required to withhold Colorado State Income Tax equal to the lesser of two percent (2%) of the sales ptice or the net proceeds earned from the sale of Colorado real property. � 10. Successors and Assisns. This Contract shall be binding on and inure to the benefit of the heirs,executors, legai representatives,successors and assigns of the parties. �o9�aa �iir3;9c �na:i9�=� F�u i� o� is � _ � � . �� '� . ��; �� , 11. Notice. Any notice,demand, or document which either party is required or may ;: desire to give, deliver or make to the other party sha([ be in writing and may be personally delivered to or given by facsimile transmission or given by United States certified mail,return `'r 1. receipt requested,addressed as folfows: • , . .. To Suyer: 7ane Ellen Hamilton � Chief Executive Officer Pitkin County Open Space and Trails 530 East Main Street,Suite 301 Aspen,Colorado 81611 K Facsimile Number: 970/920-5198 ' To 5eller: ROBERT D. SMALL, BROKER PO BOX 447 SILVERTHOANE, CO 80498 12. Miscellaneous. A. Saturdax,Sundav or Haiidav. If atty time period referred to in this Contract sha(1 end on a Saturday,Sunday or legal holiday,such time period shall automatically be extended to the first regular business day thereaftec B. Controlling Law. This Contract shall be construed in accordance with and governed by the laws of the State of Colorado. C. Counteroarts. This Contract may be executed in several counterparts and, after " execution and as executed, shall constitute an agreement binding on all of tl�e pazties, notwitl�standing that all of the parties are not signatory to the original or the sarne counterpart. D. Entire Agxeement. This Contract contains the entire agreement between the pazties, and supersedes all prior understandings,agreemenis,negotiations and representations,written and oral, not contained herein. It may not be amended or modified, except by an agreement in writing signed by both parties hereto. E. Attornevs' Fees. In tlle event of any action for breach of,to enforce the provisions of,or otherwise involving this Contract,the court in such action shall award a reasonable sum as attomeys' fees to the party who, in light of the issues litigated and the court's decision on those issues,was ihe prevailing party in the action. (SIGNATURE LINES BEGIN ON NEXT PAGE) 389c88 01/19/96 0�:19F' F'G 11 OF 15 / I j;'.;E::'° - 1 , `.�: ,,�; . .._ . . � *, T _ • �'"'1 �.''� • '�: � .t BUYER: '' �. G � ��,: �a„'" ��— UNTY DF`--�"' KIN COUNTY BOARD OF CO COMMISSIONERS ' ,Chairperson ;�.�. Y" ' APPROVED AS TO CONTENT: . : � �%�r�� // �� .�'� F � _ PITKIN COUNTY OPEN SPACE AND DATE TRAILS BOARD William E.L. Fales,Chairperson Q � APPROVED AS TO FORM: O�D�j°'CC�^ � I.l ! DATE Pitkin County Attomey �•" �. � /,��a-�'�� /�� °t �6 �9� '�` DATE SELLER �� D=9� SELLER 369'c88 01/19/96 03:191=' PG 1� OF 15 , ' -_ 4 � , - , 1'��- , a ' ;i" �xH�h,�- " �" � �_. , . ... „�' .�.:.Y_.:Il..v� .. ..... I D E C 0 7 �g95 T�hc primcd ponions of t6is torm,cxccpt(italicizeA) . � (dif(c¢mialcd)additions,havc been apprwcd by _ .. —.t,�-,p;t.-4;,g, thc Colorado Rcal Esta�c Commissioa(BC77-9A5) .._.... _._......__ _�._..... i � THIS FORM}{�S IMPORTAM LEGAL CONSEOULNCLS AKD T}IE PAR77E5 SHOUi,D CONSULT LHGALAND TAX OR OTHL-R COUNSL•L � � - BEFORL-SIGIVIKG.Compcnsalion charFcd by rcal cstatc bmkvs is not sct by law.tiuch chargcs arc cstablishctl bv cach rcai cstalc brokcr. DiPFERENT BROKERAGE REIA770NSHIPS ARE AVNIABLE WHICH INCLUDB BUYER AGENCY,SPLLER AGENCY,SUBAGPNCY, O A TRANSACI'ION•BRO[�A EXCLUSIVE RIGHT-TO-BUY CONTRACT (BUYER AGENCY) ASPEN .Coioado, November 30 .�y 95 Pitkin County Board of County Commissioners �^auycr^)appoincs \amc(s)o[Buyer(s) Robert D. Small, 373 Lagoon Lane, P.O. Box 447, Silverthorne, CO 8049& (^grokcr')uIIuycr's [3rokcr's Namc and Address exdusive agcnt(or thc purposc o!rcprucniing 6uycr to acquirc imeres�s in rcal properey as indicatcd in Scnion 3("Property")and undcr thc tcrms speci�cd hcrcin. 1. ECtect of Ezclusivc Euyer Aeencv Cmtract.6roker is�hc limitcd agcni of Duycr and will represcnt only Buycr. IIy engaging Bmker as Auyer's exdusive agen�.Buycr agrces w conduct all negotiations tor Propeny�hrougA Broker a�d ro refer to Droker all inquires . received trom tcal eswte brokers.salupersons,prospenive scOcrs,or any mher source dunng�he time this contract is in e(fect..f3uycr agrecs that any compensation to BmAcrwhich is conditioncd upon thc acquisi�ion by Buvcr of intercs�s in rcal propcny,whcthcrby Iwse orpurthasc(collcetivcly 'Purehase").will be earned by Broker whenevcr soch interesa are acquired by Duver direc�ly or indirenly.wi�hom any discount or allowanre(or am� ctforts ma0c by Buyer or any othcr person in conntttion with lhe atquisition of such in¢rcsts by 6uycr. _. Purchase."Purchasc o(thc Propertv'or"Yurchasc'mcans�he voluntary acquisiiion o(any intcrcv in thc Properry or thc voluntary crcation of�hc � right to acyvire any intcrest in Ihc Property(includmg a convact or Icasc). 3. Prooertv.7Lc Propenyshall subslaNiallv mcct thc following requiremcna or bc othcrwisc acccpiablc to lluycc " Orphant Boy Lode MininQ Claim, United States Mineral Survev Number 4425, In the Lake Creek Mining District, Lake County, Colorado. 4. Duracion ofA¢encV.drokcr's authori[v as 6uvcr's czclusive aGcnt shall begin $ePtembeT 1 ,19 95 .ane shall continuc unlil thc carlicr of September 1 ,71 ,ur mmplcuon of�hc acquisicion o(chc Yroperty. � . 5. Hroker's Services.II�okcr will cxercisc rwsonablc skill and carc for 6u��cr.and make rcasonable cf(ons io locam propeny. - (a)I;rokcrwill promo�c thc m�crtsts of l3werwi�h thc utmast cood faiih.lovaliv.and(idcliiy.includin¢bu�no�limiictl to: (])sccAmg a pricc and�crms w�hich arc attcp�ahtc m IIu�<r,cxccp�thai Brokcrshall no�hc obligaicd io scek o�hcrpropertics.vhilc Ilu�2r it:� . parry to a comran m purchasc Property: . (?�procunng acccptancc ot anv oflcr�o purchasc proncriv and to assist in�hc complction of�hc iranxaciion; (3)prescnnng all o(fcrs io anU Gom 13uvcr m a eimcly manncr.regardlcss of whcthtt fSuvcr is alreaJ�•a yrh�to a eontcin«�purchase. Yropen�•; (�1)disclosing ta Hu}rr aJ�xrsc matcrial(ucis acmalW kna�vn�0 13rokcr; � (51 tounscling Uuper as�o am•matcrial bcncfiis or r�sks of thc�ransacGon��•hich arc acmally known to Bmkcr, ' (G)advising f�uvcr�o obcain c.�pcn ad.�cc u io m�«rial mancrs abom�ahich Umkcr knows but�hc sperifits of which are bcVOnd thc capcnisc o(Orokcr; (71 accouNing in a�imelc manner(or all monev and propern•recei.•ed:and (R'1 in(orming Huvcr ihm 2;urcr mur De svranouslc L�blc for the acts of 6roACr whcn Broker is acting wi�hin the seopc o(the agencv rcla�ianship. . (n)Hrokcrshail noc disNosc cn�hc sclicroranro�hcr ihird parn•,withom�hc informcd conscnl ot Buvcr: , (71�ha�Iiuycr is wiihng�o pay morc ihan�hc purchasc pncc(or Propcmc � (2i wha�Bayrors moura�ing facroc(s)arc: - (3)�hat 6uyer��ili ngrcc w fiwncing rerms othcr�han thosc oftercd: � (J)anv matcrial inlormauon ahout Bu}•cr unlcxs disclosurc is rcquired hy law or failurc to disclosc such in[otmation would consiiwtc fraud or dahonest dcaling;and (5)any facts orsusp'�cions rcqarding circums�antts which u•oulA psrchological}v impan or stigmatizc Properry. � (cl IIrokcr shall disciosc w any prospcnire scBcr all adverse maccrial(acts acroally Anown bv 8rokcr,induding bu[not limitcd io advcrsc matcriai (acts concerning[3u�cr's(mancial abilim m perform ihc�erms of the transaction and wbe�her Buyer imends to occupy Propeny+s a prmcip+l �CSIdCII[C. (dl�rokcr shall makc submissions ro duver ticscrt6mR artd idcntii>dn�propcnict appcanng tp subs�antialiv mce�thc cnteria sc�(orth in ticc�ion 3. (. Costs of Serviees or ProdocM ObtaineA from Outside Sources.llroker will nol obtain or otder omducts or services from ouaide sour es unless Buycr . � has agreed lo pay for�hem promptly when dua(Ezamplcs:survcys.soil iests.mdon[csls,tilfe reports,pmpcny inspections.) � , 7. Comvencation to Broker.In consideration of the semces to be perfortned by 8rokcr,Iluvcr shall pay Broker as follaws: (Ins[ruc[ion:I(any of the fo[ms o(compensation sc[(orth in s�bscrtions(b),(c),or(d)will not bc uscd,writc"N/A"in the blank(s)ot such suAseaion(s).J (a)Suecese Fea Bmker shall be paid a fec eqvai to the crcater o!5 N/A p� 8 %of the purchue price.7he sureess fee is conditi0ned upon lhe Purchase o(Ihe Properry or�he acquisicion by Buycr of propaty not in mmpliance with thc>cquimmems spccilcd in Sec�ion � 3 bu[wiehia the purview of ehis con�ract.This fce is pa�able upon clasing o(ihe vansac�ion(s),subjmt m ihc provisions o(Sation B.This tee shall apply to Pmpetty contncted for during ihe original�ertn o(this contrac�or anyexrcnsion(s)and shall alm apply tu Pmpcnycontractcd forwithin � No.AC 17-9-95 BLJYERAGENCY �'es°'�' ISG-Mu\Ilister Publishing(SGO)3361027 Propaad at Aspen Pi�kin Housing Authonry,Aspen CO(303)920-5054 ;n/�-�,�- i7_�:�1�,4; �:�f; l:': .�- 1--� . :'ii:-.tl6 'i . . i �� _ _ ,`.''' (i hc prinlcd portions of chis form.cxccpc(imlicizcdj(dif(crcmiatcd)addnions.havc bccn apprwcd bv thc Colorado Rcal Nstatc Commission(DC17-9-95)� !��, , � daysatrcrthiscontraucxpirtsoristcmiinatcd(Holdrn�crPcrioJ)ifthcPropcnywasahnwnorspctificallyprcscnlcdinwritinglo � Buycr by Bcoku during thc original tcrm or any cxrension(s)ot the tcrm ot this mntra[t;providcd.howc+cr.tha�Buycr shall owc no commission tn ' � Brokcr unCcr ihis subsection if a[ommission is camcd bv anothcr liccnscd real estatc brokcr arting pvrsuant to an cxclusivc righwo-buy mntract or an cxclusive agcncy listing cont1act cntcrcd into during thc Holdoccr Pcriod. `ti,, 6uycr is ohligatcd to pav 0rokcz's(ce.Howc�cr.Urokcr is au�horized and instrucicd to rcq�st paY7ncn1 0(i3rakcr's fec in any o(thc(oflowing � indicatcd mahods: �� ❑6Y LiSI1NG BROKER. � ❑IIY SELLER FRO\i 71IL TRANSACi20\. � ❑OTHER: � .. (b)Hourlv Fee.Ouycr shall pav to BroAcr at ihc rate of$ N A per hou�for 4mc spcnt by Urokcr pursuant to this cont�act.�n bc paid to �� Brokcrwhcn billcd m Buyer. (c)Retainer Fce.Buycr shall pay Brokcr a nonrc(undable rctaincr fcc of 5 N/A duc and pavablc upOn signing oF Ihis contracl.Thic , amoun� ❑shall ❑shall no�bc crc0itcd against fccs payabk to 8mkcr in Ihis Section 7. (d)Othcr. 6. Failure+o Closa[(a scller fails ro cM:.c with no(ault on ihc pan o(Bu�xq�he sucttss tec prrn�dcd in Scciion 7(al shall bc waived.If Ruycr ix a� ' tault,such sueeess(ee will not be waivcd,but will be duc and payablc immediate�y.(3roker shall not be obligamd to advance lunds tor Huycr. 9. Disrlosure of Broker's Rola A[thc carlicst rcasonablc opponuni�y,0roker sfiall inCorm any prospcctivc sellcrs or their brokers wi�h whom IIroAcr negotiates puesuant to�his con[raa thae Broker is acting on behalf of a Buycr-prinripal. ID. Disclosure of BuVer's Tdentitv.Brokcr �docs ❑tlocs not havc 6uycr's pCrmission lo disclosc Buycr's itlentity w lhird panics wi�hout prior wriUCn conscnt of Buycr. 11. DualAeencv/Trancaction-Broker.I(awriucnDualAgenryorTransac�ion-BroAerAddendumissignedbyl3uycr,I3rokermayshowlluycrpropertics � listcd by Srokcc � 1?. OthuHuvers.Brokcrmaqshowpropercicsinwhich[luycrisin¢mstcdtoothcrpmspecli�cbuecrswithoutbrcathinganydwvorobligation�oHu��cr. 73. Assi¢omeni by Huver.No assignmeM of Uurer's riFhts or obligaiions under Ihis contrac�and no usignment o(righ�s or obligations in propenc obtainctl(or duycr undcr this conv�ct shall operam�o dcfca�any of Brokcr's rights. � 's ld. Nondiscrimination.Thc panics agrce not�o discrfmina�e unlawfutly against arty praspcctive scAcr bccausc of�he racc,crccd,color.scs,mari�al ' status.nadonal origin,familial staws.physical or mcnlal h�ndicup.religion or ancesiry o(such pecson. 15. Recommendation ot Le¢al CounseL Dv signing�his documen6 Iluyer acknowictlges ifiat the Bmker has advised thai this Jocument has imponant . kgal co�scqucntts and has recommcndctl consulta�ion with Icgal and taz or othcr counscl,bc(orc n,ning this contract. lG, Alrernarive Dispute Resoluiion:Mediation.If a dispuic ariscs rclating to t4iscomran.anJ is not resoWcd.thc partics invol.•cd in such disputc (Uispueants)shall fvst prncccd in good(ailh ro submit ihe moncr�o mcdiation.'Chc Disputants ieill joinRl��appoint un attcp�ahlc mcdiator and�vill share cqually fn thc rost of such mcdiation.In thc evcnt�hc cmirc disputc is not resoh•cd within�hiny(3U1 ralcndardavs(rom�hc datc wrntcn noticc rcqucsting mcdialion is scm hy onc UisputaNS�o[hc o[hcr(s).�hc media�ion.unlcss othcnvuc agrccd,shuU¢rminatc.l�his sceuon shall no�altcr any da�c in � this contran.unicss othcn��isc agrecd. 1'. A�mmev Fees.In casc of arhitnuon or lingation M1cin•ccn ilw•cr and[3rokcr in�hcir mspcnivc rapaciiVcs.�h�p�«�cs agrcc tha�costs and reasonahlc II auorncv(ccs shall bc aw�arJcJ to chc prc.ailmg partc. ' Ih. Additional Provisions.(I'hc IanguaEC oi thcsc addicional prrn•�sions has not bccn apprrn�cd M•thc Colorado Rcal Lsw�c Commiss�on i �� i Pitkin County will pay the named Broker an eigh[ percent (87,) Success Fee upon j purchase of the Orphant Boy USMS 114425 I , i �9. ModiFiration of this Conttact.\o subscqucm modi(ica�ion o(anv of[hc�crtns o(thiscontract shall Ac valid,bintling upon thc panics.nr cniorccadk i unlcss in wniing and signcJ b}'ihc pamcs. I � ?0. EntireAereement.lhiscomrnconsututcsihcrn�ircagrccmentbcnrccn�hcparticsandanyprioragrccmcros.u•hcthcroraloneriucn.hacc�ncc: I� mcrgcd and imcgra�cd m�o this contract- - I 1 1l. Counteroanz.I(more ehan onc person is namcd as a[3uecn c�rcin.this conerac�ma�•bc cxccutcd by cach IIuycr,indi�idually.anJ uhcn m csccw�:. - such rop�cs Iakcn togtthcr shall bc Uccmetl m bc a full ond comple�c mnvaci bcneecn thc parues. � __. Conv of Contract Uuycr acRnon�lctl�cs rcccip�of a copy of this romraci signcd by Brokcr. r �i� � • \�'-�--'-"`�. :lcceplcd: llroker � [3uyae ��""�"� i . . � ' B�. Robert D. Small uycr Pitkin County Board of County Commission s - zc ae C. Ireland, Chairperson - PO Box 447 506 East Main Street Addrcss: SilverChorne CO 80498 Addre:s: Aspen CO 81611 Phone: 9 70-468-2079 Phonc: 9 70-9 20-5 200 No.UC77-9-95 6L7YERAGENCI' Pagc-2- � ISGMcAllister Pub{ishing(800)3161027 Prepared at Aspen Pitkin Hnusing Amhoriiy,Aspen CO(303j920.50.54 - .....� :i;d �:�1.-i'_. _ . .-�_:I `�I' I't� i.=r Cil�� Y.:., . _ . � . .. i - .._.....1-. . 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