HomeMy WebLinkAboutbocc.ord.004.1996 �:;.;: � ..
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SILV'LA DpVIS F�ITKIN CRUI'�ITY CLERN 8 RECORUEk ��C��� DOL' UCC `
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AN ORDINANCE OF THE ,
BOARD OF COUNTY COMMISSIONERS ?' `-
OF PITKIN COUNTY, COLORADO, AUTHORIZING t.;. .,
EXECUTION OF THE UNTON, LITTLE CHIEF, LUBRICATOR, �„
BOONE AND HAWKEYE MINING CLAIMS �
VACANT LAND/FARM AND RANCH '� ' , +.
CONTRACT TO BUY AND SELL REAL ESTATE �
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ORDINANCE #�. SERIES OF 1996
1. The Voters of Pitkin County and the Pitkin County �- _
Commissioners have established an Open Space and Trails fund ' '�`
£or the purposes of preserving and developing open space and ,:�,.�
trails resources in the County, and have established an Open I .
Space and Trails Board oE Trustees to guide the expenditure �" �
of those funds. '
2. The Open Space and Trails Board of Trustees, has, on behalf
of the County Commissioners, entered into a Contract with Glen '
D. Vagneur for the conveyance of real estate that is
appropriate for 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, tf'
is that Contract.
� 4. The Contxact calls for the conveyance of approximately 42.26 1
acres of property which lie on a bench above the townsite of #
Lenado for the sum of $65,000.00. �
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5. The Property is an inholding within Federal lands, it provides �
recreational access to the Margy Hut for backcountry akiers,
contains riparian forest habitat, contains two springs which F'�+
� are vital to the wildlife in a dry area such as Kobey Park,
and the parcel is reasonably priced, thereby qualifying for '
Open Space and Trails purchase under established acquisition ':
criteria.
NOW TFiEREFORE .BE IT ORDAINED by the Board of County .
Commissioners of Pitkin County, Colorado, that:
Section 1. The Board of County Commissioners of Pitkzn County
hexeby grants approval for the purchase of the Union, Little Chief,
Lubricator, Boone and Hawkeye Mining Claims for open space
purposes.
Section 2. The Boaxd authorizes its Chairman to execute the
Real Estate Contract and associated addenda attached hereto as
Exhibit "1", and any and all documents necessary to complete the �
transaction, subject to prior approval of the form by the County
Attorney's Office, and upon the terms and conditions set forth in
the attached Contract.
INTRODUCED, FIRST READ AND SET FOR PUBLIC HEARING AT THE REGiJLAR .
MEETING ON THE 20th DAY OF December, I995.
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S. APPMIBAL PAOVISZON, �
(Check one box only.) Thie Seetion 5 �_�shall �x�ahnil noc apply.
IE Chie SeC[SOn 5 appliea, as 1Micated above, Suy![Bhall have [he eola option and elec[iOn Co Cezmim[e ChiB eontraet
iE che purehaee price e eede the Propercy's valuetion deeemined by a appraieer engageA by The concract '
sha11 e nace by che avyer wusiiy the seller[o reeeive wriccen notiee of cernimcion and e copy oE aueh appr�ical or wri[ten '
nociee froa lender which conEirnis che eroperty�a �aluation is leee than [he pureheee priee, on or beEOrs �
IAppraieal ceadline). if Se11er does noc reeeive cueh wriccen rociee of ces.imsion on or beEore the appzai.sl deadline, euyer � "
waivee any righ[ to Ce[minate un0ez chie aee[ion. -
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6. Cosr or.�ap2 xa�, Coat of any appraiaal to lx obuined after Che dace of thia eontract slwll be Cimely paid by �
N/A
7. r�oa�,sszoell.auc, Thie eon[ract aball xec bo seai Lle by Buyer withovt Seller'e 4��
� prSOr vritten cmaont. Hxcepc ae co -"��.,� '
ree[ric[ed, [his contrec[ ahall inure Co[hs benefic of and 6e Dinding upon tha heirr, peraonal repreaentativec, euceea�ore anC '
aaeigns o![Ae partles. � .
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B. BvSbffiICe or 2x'n.x, Saller ehall [urniah [o Buyer, at Sellar�a ezpenea, e-i6#ee a currenc cawitment for ownez�• title ' .�
inauranee polity in an amount equal co the purcMee - -- - - -
price E-s-••--•- -� + . .
daEC, ort or beEore_pLmDnr zo , i9�� (Ticle DesCllnal. " - -'-•- '--°---- ----•----- • 6uyer wsg reqyiros
oE 5eller ehac eopiee af inscrusenta liated in [he achedule oE exceptione l8xeepttens) Sn cbe � � ";~
[;tle insuranca cwmmttmenc aleo be tuzniehed to euyez at Seller'a expense. Th1e zequirawant epall pertain only to Saecxumente � � �
shown of reeord in [he oEfice oE the clark and recorder oE the deaignated eoun[y or ewntie�, xM1e tiGle inaurance canwitxnt, �
togechec wlth any copiee o ebe[reeta oE inetivmen[s furnishM pureuant Ca [his Seceion B, conetitu[e tha ei[le docunent• (Titla
Documente). B�eyee�-ve
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�Setlar vill pay the premium at closing end have ch¢ticle ineuranee^polSey delivared,co su er as aoon ae
aECer cloai`g. Y praecicable 'J'�:
9. Tlyyg, � � -
la) iicl.awiev. euyer shall have the righc to inspeee Che Title Oocuxnta -- -e.�ea:�:R, RriCten notice by euyer of
unmerehencabiliey oE title or of any o[her uneatlefaetery til1� condf[ion ehown by che T![le oocumenes e�-aietrret etu�ll be
eigned by or on 6eM1E oE euyer and givm to Seller on or beFore_yy_ ealendar dayc aEter Title�eadline, or within tive (5) �
calendar daya at[er zeeeiy[ by euyer oE any Title nxunentl�l or endorapxnc�e) addfng nev Excepcion�e) Co ehe title co�icwent �
eogether with a copy oL che 2icle Ooeumenc adding new¢xeep[ionle) to ticle. if Seller doee not receive Buyar's notice Ey che .
date(s) specifiM above, euyer accepce che condl[ion oE eicle sa diecloaeA by[he Title Documenea se eaCiefsetory. �
!b) xset.re tfoe sna.m bv eh t�1i R d , $e,jlet ahall deliver ta Buysr, on or Eefore c6e Ticle Deedline eet tosth
in Seccian B, true copiea of a11 lease�s) and eurrey(eI in Seller's pocpession per[aini�g.to[he Prepetty and sMll Aiecloea to
Buyer all eaeemeMC, liene or other cicls ma[tere�wc eham by Che publie rerorda oE vhieh Saller haa aetual knowledge. euyer
ahall �ave ehe righc to inepeeL the Yroperty to determine if any t�ird party(a) hae any rfght in ch� Proper[y not aAown by the .
public records (euch ae nn unreeorded eaeesent, unreeordW leaee, or bo�ndnry line diecrepencyi. Nrieten mtice of any
sa[Setaccory eo�ition(el dfeeloeed 6y Seller or revea2ed by auch inepeetion ehall be cigned by or on beM1E o! Buyer axd '�. �
given to 5eller on or before� 19_g5__. If Seller doee mc reeeive Buyer'• no[ice 6y eaid date, guyer aeeepte •
[itle aubject to aueh righte, Sf any, of third partiee oE vhSeR 8uyer has s<tval knovladge. . +�•
(C) Anecinl Teziea Dietriet�, BPBCI7IL TA1[iN0 DIBTRIC'f9 M7�Y BS 9OBJ6CP Tp U6pgipy 06LIM7S01f ZNOpp[pgggg Yg�11'Ig pTip
Hi RkV6NOL9 YAODI7C�FROM ANNW�L 2)�7C LiVIF4 O}t THB TAXABLC PROPSRt!itL1'HIp gpCg DIBTRICTB. PAOP88TY OWtIBRH IN BOC$DI9TAICC9 . �
i(AY HS PLAC� AT itI6R FOR INCItG88G lRLL LSVISH 1WD gCg982YC TAi HDAnENB TO eOPPO1T T� 84AVICZNO OP BOCB DYBY Ni16AL f '
CZRNMMANC88 11RI9E A83VLTINO IN SBB IpABILIIS OA BIfC$A DIBTRICT TO DIBCHAII08 BDCH IfID69T$pqg98 iRTHODT 80CH IW INCA81�9C IN
HZLL L@VI88. BDTSR 680OLD IW&9TIMTB SIIB DY9T YIpAIICZNG AkpIIiR6lRNfq OP THt 119THORI8ID 08NSRAL O8LIWITIOII iNL1BTSDNSSB OP SOCB �
CISTRICTS. 81CISTINO ltILL LSIIITB OY BOCH OI9TRIGR 96RV=CINfi SOCB IN08HTCDNSSS. ).TID T8C YOTBNTIJS� Fp1 A1f INCA&{8L I1f 8UQ1 NILL �
LEVIE9.
In the e ene[he ProDerty Ss loenced wiehln a epecial [axing diatriet antl auyer deeiree to texminace thle concraet ae a � -
reeulc, 1E urit[en rwtice ia givm [o Seller on or Defore [ha date eec Eor[h in Subeaetion 9(b), ehis contcact shall thm t
[ermina�e. If Seller.doe� noc recaive Buyer�s notiee by eM dnCe specifietl above, 0uyer accepta the eEEecc oE the emBerty'e
� inclueion in euch epeciel caxin9 dis[rict(s) anQ raiveo the right to so teiminau. �
fd) Hia�.c ee c.�r., IE Seller raceives wtice oE unmerchancability of title or any oUer unea[1eEac[ory ciele t
- eondition(r7 ae provided in Subsection �a) or Ib) above, Seller ehall ues reaconable effor[ to carrxc eaid uneacieEactory tiele `
eo�ition�e) prior to the dace of closing. If Sel]er tailt [o corzect said urteatiefacCOCy title conditian(e) on os beEore the �
date of elosimJ, this con[racc elull chen termimte� provided, hovever, Buyer may, by vxi[ten Iwcice received by Seller on or �
before elosing, waive objec[ion[o said unsa[ietactory ticle condi[ion(s). �
io. inrsvicexraer, seiier a9rees to provide euyer on or b�fnre�p,J_3o , 19�5�with a Seller'e Yroperty Direloaure forn �
rnmpleted by sellez to che bes[ of Se7ler�s currene aceual knowledge. Buyer oz any deeignae ahell have ehe righc co have �
� inspectlonle) oE [he physical condition of ere Propecty and Incluaione at Buyer�e expenee. zf written notice oE any • '
uneatisEaccory coMition, ei9ned by or on behalE of Buyer, fe noc r eeived by Soller on or before s,..,..,.r. iz , 19�_
(Dbjeccion ceadllnal, the phyeieal coiu7i[fon oE the 2ropercy snd Inelusione ahall be dasae9 Go be satiafaeiory io Buyer. TE
euch nocice ie received by Seller ae aec Eorch aEOVe, a�M St euyer and Seller have nac agreed, in Wtiting, eo a aettleisertt
chereoE on or betore •�a�varv i'l , 19_$$_ lAeaolucion Deadline�, this contracc ahall terminate[hree calandar daye following -
ehe nesolucion Deadline unlese, rithin the three calendac daye, Seller ceeeiv�s vrieteq nocice Eraw Buyer aaiving o6jection to
any unsacieEae[ory condicion. euyer is reeponiible for and shall pay for any danage vhieh oecure to ehe vroper[y anfl Inclueioae
as a reeul[of cuc}�inspettion.
13. DAM oe etoszeta, The date et closirg sMll be �•.+�an.z3 , i9��, or by mutual
agreemen[ ac an earlier data. 7he
hour and plaee ot closing eMll be as designaced Dy. 9uver ana e �1 e s co�or a� ,
12. TluNSeaa oi Trct.e. SuCject to [ender oz paynent at cloeing ae required herein and complianea by Buyer with the ocher .
terne aM provisiona hereof, Ssller ehail axecute and deliver n good arM sutfSciene varrnnrv deed to Buyer, on '
cloaing, conveying the Prvper[y free ar�d elear ot all taxes exeepc [Ae general taxes fos che year of eloeing, a�M excepc
N/A 'fi[le ahall be conveyed Eree and clear of all liene for epecial loprovemente inaulled aa of Cha
dace oE 8uyer�e eigmcvre�ezeon, whe[her aeeeaead or mcr except (i) diatribucion utility easemence (includf�ceLle Ni, (iil
chose matcers reElected by[he Ticle Docunence aecepted by Buyer in accordance with 5ubaeccian 4(a�, (iii� chose righca, iP arty, '
ot chird partiee in [he propar[y mt ahovn�by the publfe records in accordanee wich eubaeccion 9(b). (iv) inclvsion of the
Proper[y wi[hin any special uxiYg diacrtet, antl �v) auLject [o buil9ing and zonin9 re9ulatioea. -
1J. PAV�ee'nn'or exeu�.�n.nr�, �y encuMranee required[o be paid elull be paid ae or baEOre clozi� fron the prxeedc of this
craneaccion or fran any ocher eouree.
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s&94+Zi7 @1/cC/9E� 12:QSF� F'i; G OF 14
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U. Buyer and Seller aMll pay, In 600d Funda, their reepaeeire closSng cwts and all �•. �
. ocher itemc requirea to be paid at clo�ing, excepc ai o[heivtse QrovLded herain. euyer and Seller ehali dgnta�Mm mwmplece all �
cuacaeary or zeg�ired Cocum�nce ac or before cloeing. YeN £or real eatece elo�ing eervlcea ehall �rot exc¢ed yyyytiy snd ehall
me
M peid a[clooing by BUVBlOnO'SE/I2I EOUpNV. The lxal trana[er tax of N/A��of the purchaee piiee aha3I be paid at eloeiry ��
by$B//El. pny ealea and uae tax ChsC may accrue because of C�is CranaacCSon ahall be paid when due by.SE//E(
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15. egQ$�Qgg. Genersl Gaxea Ear che yeer of cloaing, DaseQ on the texes for the ule�ar year imad�ately precedi�g 1,,
eloeilg, rente, vater a�sewez chaxgas, hooearn¢c•c aseociacian 9ues, a�fnLereat on con[lnuing loatt{e), Lt any, aM N�A •
ahall be prorated to date oF cloeing. � '
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16. Poagpgszox, ➢oaseseion oE che Properey shnll be delivcsed to Buyer ae Eollovs: '
aubject to che Eollowing leaee(e) or[enancy(ol: �
It Sellez, aEter cloeing, Eaile co Qellver
poaaecaion on the de[e herein ep¢citied, Seller al�all be subject to evic[ion aM ehall be sAdiGionally LSa61e to Buyet Eox
paymenc oE S s�.�o per day 4ros the Ea[e oE agceed poeaeseion un[il posoeasion ie deliverad.
17. Co*miT2ott OP lwn muaaE TO pnovBxiS. Sxeept ae oC�lsrie!proviQed ie [hie ContYaCt. ths Propeity anA InClusione ahall be .
Oelivered in the conAition exfncing n�of che date of thie contraec, ordimry vear and tear excepced. In cM event the Propexty ��
shall 6e damagsQ by fice or other caeualry prior to eiwe nf closing, in an amoun[ of no[ aore chan ten pereent ot CAe total
purcF.aae priee, Seller ehall be obligeced [o repair [he eane before [he Aate ot�closing. In t�e event auch denage ie not
. npaired wishin eaStl iime or iE the damage� exeeM euch eum, [hie contract mey ba ternina[ed at ehe option oC euyer. ShoulQ . �
Buyer elect to earry out this eancract deapite such aamege, Huyer efia11 be enei[Ind to credic Eor all th¢ insuranee procaed�
reculcing £roa euch Camage [o cAe Proper[y end Inclucione, not exceeding, however, the tocal purcbaae prica. Should any '
� Incluaion(e) or aecvice(sl fail or be daneged betwem che dace of shfo contrscc and che date ot cloaing or tha dace of
� poaeession, whichever ehall be earlier, [hen Seller ehall Ds liable Eor ihe repair os replaeemenc of cuch Inclueionle) or
aervice(c) witn a unit of similar aize, ege and quality, or an equiwlenc credit, lece any insucence ptoeeeds recsived by euyer
cweiing auch reyaic or replaeenen[. The riek at losa for any Eanage to growing ccop¢, Dy Cize oc othee caeualty, sMll be
borne by the party enticled w the growin9 cropa, iE any, ae provided in SecGton 2 arM eueh parcy ehall be enticled to auen
� insuraMe prxeeda oz benefica for the growing croDo. iE any. '
� le. Tufe op esssNCS/ae+�'niss. Tfine ia o£ che eseeMe hereof. if any note or check teceivM a�earnert mo�y herauMar or eny
ocher payment due hereunder ia not paid, honorad ar tendnred when due, or if any oClfGi obliga[Son hereunder i� wc perforxtl oz
raived ae herein providad, ehere sfiall be the folloring ree�eQiaa.
(�) IF HIIYHR j9 IN b£P11LiLT: �
(check one boz only.i ,
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. �x� (7) �ea.seec.a n�—au. A31 payaents sM thinge of value xeceived hereunder ehell be forfeiced 6y 8uyer�and reWinad on
behalf of Seller and 6o[h partiee aMll thereaF[er be xeieasefl Erom all obliga[ion�her¢undei, i[ ie sgreM ct+at auch payments
� and ehingt of value are LIW=DATED DAMAf.FS and lexcapc ac provided in Subsection Icl) aze SSLLER'S SOLS M7D oNLY RBMEDY for �
Buyer�• failure to perfoxm ihe obligaefone of Chia eantract. Sellez expreaely waivna tTe remedies of epeelEic perfoxmanee and
additional damagee.
(b) j�$SLL�9 IN DRPI�m+r �
� Buyet wwy elec[ to crea! [his contrae[ne canceled, in v�ich caae all paynenee and thinge oE ralue rec¢ived hezeunder ehall be �
returned and Buyer may recaver auch damegee a�my be pcoper, or euyst may eleet to CreaC thia wntrse[ae being in full foree
� and eEfece a�W Hvyer shall have the rig�c [o specFEic pertotwence or dsmgee, or both.
(ci L992s-um r.zPENSEe. Mythi�g [o the eoncrary lferein notritlucandilg, in ehe event of any arbiCrstion or 1SUga[lon
' ariaing w[ oE chis eon[raeG, [he acbltrator oc caurt eMll awerC Co sTe prevaiiing pacty all reasonable coete and expeneea,
i�cluding a[[orney Eeee.
19. EAAHE9S HON6Y nZSpPCS, NatwiChaCaMi(�g any CR+WineCion oE ChiB cOntract, B�yer aAd Seller egtee thaC� ST ths even[oE any
concraverey cegardi� [he esrneee mney and chinge of value held by broker or eloeing aganc, unleee mu[wl writcen inecruction� . � �
� � - sre received by tbe holdar of cRe esrnest monay and thi'go of value, Croknr or elo�ing agen[ ahsll not be required [o ceke any
aetion buc oay araic any proceeding, or ac broker�e or closiMj agent'n optian and eale dlacieticn, aey Sntecp3saA all partiee
and depoait any moneye or thin9e of value in[o a eourt ot eonpecen[ juriadiecion sM shall recmer courc eoeu and zeasonable .
sccorney teee.
20. It a dispute arlees relating co [l+ie eontract, and ie not rew2ved, the
parciee and brokerla) involved in such dispuce (Dieputantel eMll Eiret prxeed in good fnich to aubmlt che matter co mediation.
The Oiepuisate vill joincly appoine an aceepcable mediawr anG vi11 c6are eqwlly Sn Ghe cosi oE euen aiedi�tiart, In CRe evenc
tRe encire diepute ic noc reeolved witRin cn3rty l30) ealenaar days Yrou ehe da[e of writteq nocice requeeting mediation ie eent .
� by o e Dicputant [o che ocher�e), che aedSation, unloe o[henrise agreed, eMll [ernum[e.. T�ie aeetion shall aot alter any
dacenin chte con[ract, unlees otherwise agreed.
21. MnxxxoNAU PaoVxsxegs� .
See Addendvm oflached herelo a�incwporoted hereio byreJerence.
2T, RHCOMR!±!��rxon ep i,ea.?.eCVnSII.., Hy signing ehia deeumen[, Buyer and 5•iler acknorrledge ehac t�e Selliry Company or [he `
Liscing Canpany hae adviaefl chac t�ia docueent hae inporcanc legal caneequeneea and M�reeam�w�detl she rxsniascian o! title and �-
� eonsulcacion wich legal and cax or ocher counael befere eignLo9 c6ia eontracc.
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33. �Ql{. Sn che event thie coneract is tessinated, all paymente and thinga of value recelwd hareunder shell be r�'„
. returned and che parCiea shall be relieved of ell oblS9aelone hereuMer, subjecc m Seetion 19. r
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IS. 1aOTICa iro sozcn, M noUte Co Buyer eMll be effeetiw vhen tecelved b Bu ~''
y y yer, or, iE thi� hox ie checked �_� when
. � receivad by selling Co�pmy. �
� �
36. HOTxca re nei`-xa, My notice to Seller aMll be eEfective when ree�ived 6y Seller or Liacing Canpany. � •
27. !!oDI►tC 2IOx op 2ais roamax�r, No auhsequent aqdiLico[ion o[ a'ry ol the Cct�a oE thie contraet ehall be valiQ, biMiag
upon ehe psrtiee, or enforceaLle unlesc�ada in.rriting aM dgnad by che pareiee. .
18. g�g�ypggyp�. 'fhia wnttac[conati[uce� [he entlre eon[zact betwem che partie� relaciny to th� �ub}ect heno[, and '�-�
any prior agreenenu perca3ning ehereCO, he[her oral or writcen, 6ave been wer9ed a�Sn[egra[ed inco thie concracc. �-:�-
29. aoxiea oe accepiiwce� ,s;owxsil�=_6. ThL• proposal ehall expire unlece accepeeC Sn vriting, 6y Buyar and Seliec, ae �
�p �.::7,,.''
videneeA by [halz a19NCUZea balow, aiM the oEferLng perty receive� noeice o[ eueh acceptance on or baCOre ����r s5
� � , �19p5_ (ACCepta�ca Deadlinel. IE accepced, ehie dx�wenc eMll becose a eonereci betreen Seller and 8uyer. n copy of thi� ' �
document eey be executeQ by eaeh par[y, esparace2y, and when each parcy haa exeeuced a eopy[hereot, eueh eople�cakan togethar .
� ahall be deemed to 6e s full aM ca.plete coneraet becween ehe partiee. , �
fOR THEqy YER.•
%____�_ 2�—�"--j"--�_ :; //-y6�
Pi�l+' Co�nfyBorndolCounfyCommissioners Cho'rmon DaleofBuye/sS/gnahae �
�1kin CovnlyCourihouse
,506 Eps�Main Sfieet
Aspen,CO 816U
. �
APPRO✓/.iL�!w-.5��� �� /,O`�/ �/s r
Pifkin County Open Space ond T�or7s Bo�d of Tiustees Date /
Cha'rpe�son
APP VED S TO fOR i.
__<�a6,��,-�. >/,�2�,�1'.� ;`
Pi/kin CounlyAHOmey Dole
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5eller Date of Seller�e Signatuce
CEDAREDGE, Co 8 413-0626
seller�s Aaareea
STATf Of COLORADO /
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Ackrrowk.dged belae me lhz_day of � 19 by
Wifiess myhond ond officia�seol. ,
MyCOmmission expires.•
Notwy Pubrc
Address
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389407 �i/c:6/96 ic:Q+5F� P6 9 OF 14 yti _...,.:�.
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ADDENDUM TO VACANT LAND/FARM AND RANCH
CONTRACT TO BUY AND SELL REAL ESTATE '`- .
Dated November , 1995 �
;..
By: Pitkin County$oard of County Commissioners,Bvyer, •
.j.
and Glen D.Vagneur,Sel[er
ADD�NDUM to that certain VACANT LAND/FARM AND RANCH CONTRACT TO
BUY AND SELL REAL ESTATE dated November , 1995, between PITKIN COtJNTY
BOARD OF CO[JNTY COMMISSIONERS,Buyer,aad Glen D.Vagneur,5eller,is entered into
simultaneously with that Contract and is supported by the same consideration,terms,conditions 'r
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. • '
i. Contineent Uoon BOCC Approval. This Contrnct is expressly contingent upon official
approval by the Pitkin County Boazd of County Commissioners(SOCC)at iu eazliest available
regularly scheduled meeting which occurs after the date upon which this Contract is signed by
the Open Space and Trails Board of Trustees,the Pitkin County Attomey and the Selier. The
parties understand and agree that such approvai requires consideration of the Contract 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 Counry Home Rute
' Charter and Colorado Revised Statutes. Should this Contract not be approved by the BOCC for
any reason,this Contraci shall become null and void upon the date the BOCC refuses or faits to
approve the Contract(unless otherwise mutually agreed by the parties hereto) and all earnest
monies shall be immediately returned to the Buyer.
2. Conditions of Title. The commitment referenced in the Contract shall be delivered
to the Buyer together with legible copies of all documents of record noted in the commitment as
exceptions,including a!1 plats. If the Buyer,in the Buyer's sole and abso[ute discretion,does not
approve the condition of title as disclosed by the foregoiag docnments within the time frame set
fortte in the Contract,then Buyer shall have the right to cance[the Contract and receive a retum
of its earnest money, in wtcich event, the Contract shall be null and void. The Seller shall
execute a mechanic's lien affidavit in favor of the Buyer and ihe title insurance company and its
agent issuing the policy ai closing in a form reasonably acceptahie to the Buyer.
3. Seller's Renresentations and Warranties.
A. Seller warrants and represenu that Seller is not now a party to any litigation,
and Seller knows of no litigation or tEueatened litigation affecting the property or inclusions,and
Se]!er shall give to Buyer prompt nodce of the institution of any such litigation.
B. Seller warranu and represents that,as of the date of closing,there will be no
delinquent bills for work,labor or materials done,performed or fumished that woufd give risa
to a mechanic's lien against the property.
C. To the best of Seller's knowledge,there has been no tandfiiI or mine tailings ;
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:89407 Q�i/c6/9i, 1',_:O,:�F' F'G 1@ OF 14 ��r,".�'!.',`
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deposited on or removed from the Property, no construction debris buried on the Property, no �� ��
toxic wastes or other hazardous materials used on the Property and tttere aze no toxic wastes or i��- `.,
other ha7ardous materials located on the Property. .~�
�., .
�.;
4. Survival of Renresentations,Warranties and Covenants. '.
All representations and warranties made by Stller herein,including agreements and rights of both �:'
Seiter and$uyer shall sarvive at closittg and not merge at closing.
_",":'.
5. Deliverv of Earnest Monev Closine Date and Extension of Closine Date. The Earnest
Money described in the Contract shatl be delivered to the closing agent on behalf of Seller and •� �'
Buyer immediately following the satisfaction of the contingency set forth in Pazagraph 1 of this (�'
Addendum. The date of closing shall be Januazy 23, 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 e7ctend the date of closing,for up to a period of two months,i.e.no later `�
than Mazch 23, 1996. Buyer shall notify Seller,in writing,of this extension of the date of the
ctosing,by no later than January 18th, t996.
i_
6. Foreien Person Transferor. Seller represents and warrants that Seller is not subject to
withholding as defined under Internal Revenue Code Section 897(Foreign Person Transferor). �''
Seller agrees to execut�an affidavit to such effect at closing. �
. �
7. Telefaxed Documents. Pazties agree that telefaxed,signed copies of both the offer and . �
aceeptance and other contractual agreements pursuant to the Contract aze deemed effective and �
binding upon the party so executing or accepting so long as an actual signature copy is (
transmitted to the other party as soon as practical thereafter. �
� �
8. Interest on Denosit. All earnest money shall be placed in an interest bearing escrow
account with interest accnung to the benefit of the Buyer,unless the deposii 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 the Contract closes. If the Buyer,for any reason described in
the Contract,validly terminates the Contract,which termination resuits in the Buyer being entitled
to the return of the deposit, then inYeresY accrued thereon shall also be returned to the Buyer. ��
9. �olorado Withholdin�Requirements. The Seller has been advised that under Colorado �
taw,a title insurance company or other person responsible for closing the sale of Colorado real
property may be required fo withhold Colorado State Income Tax equal to the lesser of two �
percent (2%) of the sales price or the net proceeds eamed from the sale of Colorado real
properry.
10. Successors and Assiens. T'his Contract shall be binding on and inure to the benefit •
of the heirs,executors,legal representatives,successors and assigns of the parties.
11. Notice. Any notice, demand,or document which either party is required or may
desire to give, deliver or make to the other party shall be in writing and may be personally .
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delivered to or iven b facsimile transmission or "'
g y given by United States certified mail,retum
receipt tequested,addressed as Follows: �
i,
To Buyer. 7ane Ellen Hamilton ���
Chief Executive Officer �
Pitkin County Open Space and Trails
530 East Main Street,Suite 301
Aspen,Colorado 81611
Facsimile 1Vumber: 970/920-5198
To Se11eC: GLEN D. VAGNEiTR
CEDAREDGE, CO 81413-0626 '
12. Miscellaneous.
A. Saturdav.Sundav or Holidav. IF any time period refened to in this Contract shall end
on a Saturday,Sunday or legal holiday,such time period shall automatically be extended to the
first regulaz business day theteafrer.
B. ControilinQ Law. This Contract shall be construed in accordance with and govemed
by the laws of the State of Coiorado.
C. Counteroarts. This Contract may be executed in sevcral counterparts and, after
execution and as executed, shall constitute an agreement binding on all of the parties,
� notwithstanding that all of the parties are not signatory to the original or the same counterpart
D. Entire Aereement. This Contract contains the entire agreement between the parties,
and supersedes all prior understandings,agreements,negotiations and representations,written and
orai, not contained hetein. It may not be amended or modified, except by an agreement in
� writing signed by both parties hereto.
E. Attomevs' Fees. In the event of any action for breach of,to enforce the provisions
of, or otherwise involving this Contract,the court in such action shall awazd a reasonable sum
as attameys' fees to the paRy who, in light of the issues litigated and the court's decision on
those issues,was the prevailing party in the action.
BUYER:
��..,�.���-�.-P � 11 �l(�
TKTN COUNTY BOARD OF COUNTY DA �
COMMISSIONERS
Michael C.Ireland,Chairperson ,
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APPROVED AS TO CONTENT: `' �. +�
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PITKIN COUNTY OPEN SPACE AND DATE" % ' ':
TRAILS BOARD
William E.L. Fates,Chairperson
APPROVED AS TO FORM:
/1D,�f/1a�•��.� L — !•
—' DATE
�/a Sc_r�5�4�n"1" ,
Pitkin County Attomey
SELLER:
• R��eM/ ."Y ult. 1 e�_ /a-— `�.�
� Glen D.Vagneur DATE
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a.APPLIANCFS ier.iuueu wo�aiw waKiea K Agc(it known): 1ea�s ru ro Krow . .
Uuill,in Yxuwu 5 s�em a.Uncs Ihe�w( ak?
Clothcs U r b.Is Ilcrc cscnl Janu c to the�ooff �
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Uis sal a Ex'�mioe dam af w=rram: ..
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e.IIEATINGANOCUOLlNCSYSTEM }• I�a.erouaceireJ.nynaieesby�ny
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o`etK)affeeling Ilm pto(Krly?
Ccntml Mr Coudilia�in k.Ax tlirrs any struclu�al�roWcnu wNb �
Ew raiireCwicr iLcim ovanen�s'
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d.WAT[R SYST[MS S.ADDITIONAL CIX.iMENTS ANU/OR L•Xf'I,ANATIONS:(Use •
� Cisicrn addiiiunal a cs if nttasar 1
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UnJcrg�vo_a15 rinkler '�
NSICr Ilealentlectric
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Water IlcacdSdu '
' Waler 1'urifer ��
Nhier Solteikr
Well
Tlro hiformalion eailaineJ In�his Uisebsure has bern furnisM1eJ by Ih �
ScUcr.who ccriihes to�he uuth tlK�eof baseJ on UK Shcer i CURItE � '
AC'I'UAL KN0IYLL•DCE.Auy imporunt clnnses will be discluxd Fy Pwchaer hereby¢eeipts for a copy o[Ihis Diseloswe.
Seller to Porc6aser prior lo elosiug.Seiler Imreby reeeipls for a copy of�his
Disclom�r.'/' _ , �-
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Selkr a�Purcbnser ut�lcrslo�rcl Ihal m+.�yiM�µ�+�
in no way warranb or gmrantca the�bove infonnalim mi ihe pmperry.hmpulr iuepectia�apurls anNw homc p�aalion plans nuy be pwtl�ascd.
� LCIA•l-87. SEL6ER3►11D1'E4TY DISCLOSURE �
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