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Home My WebLink Aboutbocc.con.212.2015 CONTRACT# _ -10/C RESTRICTIVE COVENANT THIS RESTRICTIVE COVENANT ("Covenant") is made and entered this day of (J 20K by Paul Spencer ("Grantor") for the benefit of the Pitkin County Board of unty Commissioners. WITNESSETH WHEREAS, Pitkin County, Colorado, a political subdivision of the State of Colorado ("Grantee"), has established a transferable development right("TDR") system, Title 8 2006 Pitkin County Land Use Code, as may be amended from time to time (the "Land Use Code"); WHEREAS, Grantor is the fee simple owner of that certain real Property in Pitkin County, Colorado that is more particularly described on Exhibit A attached hereto and made a part hereof by this reference (the "Property"); WHEREAS, contemporaneously with the execution of this Restrictive Covenant, Grantee is executing and delivering to Grantor Q irrevocable TDR certificate(s) bearing Certificate No(s). 4 i -a2/5-C-W;) WHEREAS,the Grantor has represented that no development or improvements currently exist on the Property; and WHEREAS, in exchange for the issuance of said certificate(s) by Grantee and consistent with the intent and stated purposes of the TDR system, Grantor is prepared to restrict and covenant the Property against any future development, as that term is currently defined in the Land Use Code, in perpetuity. NOW, THEREFORE, for and in consideration of the issuance to Grantor of Certificate No(s). 112-01-6-C-SW -Svd, and in consideration of the covenants, terms, conditions, and restrictions hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency are hereby acknowledged, Grantor does hereby grant and convey to Grantee, forever and in perpetuity, an interest in the Property, for and in consideration of the recitals and mutual covenants,terms, conditions and restrictions contained herein:. 1. Restrictive Covenant pertaining to the Property. Grantor hereby restricts the Property in perpetuity against any and all future development, as defined in the Land Use Code, commencing on the date of this restrictive covenant. Such restrictions shall include, but are not limited to, the future development of any single family or other residential, commercial or industrial structures, as well as the future development of any recreational uses,as well as any change in the current existing use of the unimproved Property. Grantor acknowledges that any future development right in the Property has been severed from the Property by operation of this restrictive covenant. 2. Cove..ant running with the land: binding effect. The provisions of this deed restriction shall constitute a covenant that runs with the title to the Property for the benefit of the RECEPTION#: 622431, 08/14/2015 at 03:14:03 PM, 1 OF 5, R $0.00 Doc Code COVENANTS Janice K.Vos Caudill, Pitkin County, CO Grantee, its successors and assigns and shall be deemed an appurtenance to the title to such land. Grantor and its successors, heirs, assigns and transferees acknowledge that the TDR certificate(s) issued in consideration for this restrictive covenant is/are severed from the Property and that any sale, lease or other transfer of title to the Property shall not constitute a transfer of the TDR certificate(s) and any rights therein. 3. Permitted uses and activities. As owners of the Property, the Grantor retains the right to perform any act consistent with the Land Use Code to the extent such act is not prohibited or limited by the requirements of this restrictive covenant. These ownership rights include, but are not limited to, the right to exclude any member of the public trespassing on the Property and the right to sell, lease, or otherwise transfer the Property to anyone Grantor chooses. Nothing herein shall be construed to be an approval by Grantee under the Land Use Code for any purpose. 4. Enforcement and monitoring. This restrictive covenant and its terms and representations shall be fully enforceable by Grantee, its successors, assigns and agents in any action at law or equity or both, to secure compliance, including but not limited to, seeking injunctive relief and/or specific performance requiring the Grantor, its successors or assigns to cease and desist all activity in violation of the terms of this restrictive covenant and to return the Property to its condition prior to any violation. Violation of any of the terms or representations of this restrictive covenant may also result in the administrative cancellation of the TDR certificate(s)by the Grantee. Moreover, Grantee and its successors, assigns and agents shall be permitted access to, and to enter upon, the Property at reasonable times solely for the purpose of monitoring, inspection, and if necessary, remediation in order to enforce and assure compliance with the terms and conditions of this restrictive covenant. 5. Costs and liabilities. Grantor retains all responsibilities and shall bear all costs and liabilities of any kind related to ownership, operation, upkeep, taxes and maintenance of the Property, including but not limited to, costs associated with compliance with this restrictive covenant. Grantee's acceptance of this restrictive covenant shall in no way be construed as an assumption of any duties or liabilities associated with the Property and Grantor acknowledges that by this restrictive covenant, Grantor continues to retain responsibility for any and all duties and liabilities associated with the Property. 6. Subordination. At the time of the conveyance of this restrictive covenant, the Grantor represents that the Property is not subject to any mortgage, deed of trust, or judgment lien, or any other instrument that might result in a foreclosure action that could affect the viability of this restrictive covenant. 7. incorporation of the Land Use Code. The Land Use Code, as may be amended from time to time, and any terms or definitions contained therein, are hereby incorporated by this reference in their entirety. 8. Prohibition against future TDR. Unless otherwise provided by the Land Use Code and agreed upon by Grantee, Grantor shall not be entitled to any future, additional TDR arising from ownership of the Property following the execution of this restrictive covenant. 9. Modification. The terms of this restrictive covenant can only be modified by an amended covenant executed by both Grantor and Grantee and recorded in the records of the Clerk and Recorder for Pitkin County, Colorado. 10. Venue and jurisdiction. Grantor and Grantee consent to venue and jurisdiction in the District Court for Pitkin County, Colorado for all matters concerning the interpretation and enforcement of this restrictive covenant. 11. Attorneys fees and costs. In the event of any action or suit between the parties hereto or their successors and assigns to enforce any of the agreements, covenants or restrictions contained herein, the prevailing party in any such action or suit, whether by final judgment or out of court settlement, shall recover from the other party all costs and expenses of such action or suit including reasonable attorneys fees. IN WITNESS WHEREOF, Grantor has executed this restrictive covenant as of the date and year first written above. Grantor l By: 'au •neer, Owner State of Colorado ) �,�;�� ) ss. County of. itkin ) The foregoing Restrictive Covenant was acknowledged before me this z/ day of -e 20 /5--by A6-&.t / sit zee_« • Witness my hand and official seal My commission expires on: 1 —o/— ?se,IC, SAMUEL S.CUNNINGHAM NOTARY PUBLIC Notary Public STATE OF COLORADO NOTARY ID 20084041043 MY COMMISSION EXPIRES 12-01-2016 ACCEPTED BY Pitkin County Board of County Commissioners k11'C'A \ FC.,ka acC By: [Name] [Title] State of Colorado ) ) ss. County of Pitkin ) The foregoing Restrictive Covenant was acknowledged before me this day of u"Li 2015_by eA)t,aC. (fin, j CGS r DCS Witness my hand and official seal JANE A.ACHEY NOTARY PUBLIC M 6e n-expires-off: STATE OF COLORADO NOTARY ID#19954008967 MY COMMISSION EXPIRES AUGUST 04.2019 4j ►� ary Public RECEPTION#: 540500, 07/31/2007 at 12:ZED:Of:I £ 1, s Lr 4, Janice K. Vos Caudill, Pitkin County, CO EXHIBIT "A" LEGAL DESCRIPTION A parcel of land situated in the Southwest%of Section 36,Township B South, Range 87 West of the 6th P.M., being more fully described as follows: Beginning at a point on the West line of said Section 36 whence the SW corner of said Section 36 bears S 00°03'51"E 312.00 feet; thence following the West line of said Section 36 N 00°03'51"W 1008.51 feet to the SW corner of the NW quarter of the SW quarter,thence following the South line of said NW%of the SW%N 89°4715"E 1317.60 feet to the SE corner of said NW%of the SW°%; thence S 62°40'East 580.89 feet;thence S 33°25'W 254.17 feet; thence 223.48 feet along the arc of a curve to the right having a radius of 350,00 feet;thence 323.76 feet along the arc of a curve to the left having a radius of 350.00 feet; thence S 17°00'W 160.00 feet;thence 171.04 feet along the arc of a curve to the right having a radius of 100.00 feet;thence 450,88 feet along the arc of a curve to the left having a radius of 500.00 feet; thence 231.69 feet along the arc of a curve to the right having a radius of 225.00 feet;thence N 57°40'W 70.98 feet;thence W 403.41 feet to the Point of Beginning.