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HomeMy WebLinkAbout20091549.tiffRESOLUTION 153 RE: APPROVE LONG-TERM ROAD MAINTENANCE AND IMPROVEMENTS AGREEMENT AND AUTHORIZE CHAIR TO SIGN - VESTAS BLADES AMERICA, INC. WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to Colorado statute and the Weld County Home Rule Charter, is vested with the authority of administering the affairs of Weld County, Colorado, and WHEREAS, the Board has been presented with a Long -Term Road Maintenance and Improvements Agreement between the County of Weld, State of Colorado, by and through the Board of County Commissioners of Weld County, and VESTAS Blades America, Inc., commencing upon full execution, with further terms and conditions being as stated in said agreement, and WHEREAS, after review, the Board deems it advisable to approve said agreement, a copy of which is attached hereto and incorporated herein by reference. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, that the Long -Term Road Maintenance and Improvements Agreement between the County of Weld, State of Colorado, by and through the Board of County Commissioners of Weld County, and VESTAS Blades America, Inc., be, and hereby is, approved. BE IT FURTHER RESOLVED by the Board that the Chair be, and hereby is, authorized to sign said agreement. The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 6th day of July, A.D., 2009. ATTEST: Wel. ounty Clerk to the Boar BY. AP Date of signature the Board 0O EL o ty Attorney EXCUSED ARD OF COUNTY COMMISSIONERS OUNT CS`.ORADO nine ^ F. Garcia, Chair ougl.,s Radema her, Pro-Tem David E. Long AMID VIII IIIIII IIII 1111111 IIII IIIIII III (IIII IIII IIII 3638029 07/23/2009 12:00P Weld County, CO 1 of 14 R 0.00 ID 0.00 Steve Moreno Clerk & Recorder (/d-t1HJ 2009-1549 PL1989 (7)— 2—C COUNTY OF WELD, STATE OF COLORADO LONG-TERM ROAD MAINTENANCE AND IMPROVEMENTS AGREEMENT THIS AGREEMENT is made and entered into this 6th day of July, 2009, by and between the County of Weld, State of Colorado, and shall apply to any successor municipality that has annexed the facility and rights -of -way, hereinafter collectively referred to as, "COUNTY," and VESTAS Blades America, Inc. (USR-1676), and shall include and apply to its successors and assigns, hereinafter collectively referred to as, "VESTAS." WITNESSETH: WHEREAS, VESTAS and/or their representatives have acquired a land use permit from the COUNTY for the VESTAS manufacturing plant and a transload (trucking and rail) facility (hereinafter referred to as the "VESTAS facility") on approximately 178 acres located in part of Section 29, Township I North, Range 66 West of the 6` P.M., Weld County, Colorado, with a legal description being: part of the NW '/, lying East of Union Pacific Railroad; North % of SW '/4, East of the railroad also part of the NE '/4, SW '/; and a portion of Lot B of AmRE-1058 being part of the NE' /4, SW %4, together with a portion of the NW '/. SE' /4, Section 29, TIN, R66W of the 6`h P.M., Weld County, Colorado, and WHEREAS, the VESTAS facility will generate a significant amount of additional vehicles and heavy truck traffic for an extended period of time, and WHEREAS, the COUNTY and VESTAS are desirous of agreeing to terms involving haul routes and control arising from such additional traffic. NOW, THEREFORE, in consideration of the mutual covenants and conditions hereinafter set forth, COUNTY and VESTAS, and their successors and assigns mutually agree as follows: HAUL ROUTES: VESTAS shall identify and restrict any heavy truck haulage from the VESTAS facility according to the following haul routes: A. East -bound heavy haul trucks shall approach the VESTAS facility from State Highway 85 and/or Weld County Road (WCR) 27, utilizing WCR 6, and enter the VESTAS facility via the approved accesses on WCR 6. Hauling on WCR 6 east of the VESTAS facility is prohibited. B. Heavy haul trucks exiting the VESTAS facility shall exit the VESTAS facility via the approved accesses on WCR 6 and travel West -bound on WCR 6 to WCR 27 and State Highway 85. Hauling on WCR 4 east of the VESTAS facility is prohibited. 1111111 11111111111111111111111111111111111 11111 IIII IIII 1 3638029 07/23/20(19 12:00P Weld County, CO 2 of 14 R 0.00 0 0.00 Steve Moreno Clerk & Recorder /5V: C. East- and west -bound employee traffic shall enter/exit the VESTAS facility directly onto WCR 4 and WCR 6 via the approved access points on WCR 4 and WCR 6. D. No heavy haul trucking shall be allowed to enter or exit east from the VESTAS facility onto any COUNTY roads not approved as specified in this Agreement. 2. DUST CONTROL: VESTAS shall perform the following dust control measures on certain COUNTY roads: A. When the increased traffic generated by the VESTAS facilities on the COUNTY roads listed in Section B, below (the "Subject Roads"), results in dust levels that exceed standards as determined by the Weld County Health Department, VESTAS shall apply a dust suppression chemical (Magnesium Chloride or Calcium Chloride) on the Subject Roads. Prior to VESTAS'S first application of a dust suppression chemical on any Subject Road, the COUNTY shall deliver to VESTAS traffic counts evidencing the increase in traffic on the Subject Roads greater than their baseline counts set forth below. These traffic counts shall be accumulated over a period of time that is consistent with COUNTY practice and is sufficient in duration to identify and measure a sustained increase in traffic. Subject Road Baseline Counts: Baseline traffic counts prior to initiation of activities at the VESTAS facilities were taken by Weld County Public Works over a three day period in September 2007. As is transportation industry (AASHTO) and standard engineering practice, traffic counts are reported as Annual Average Daily Traffic (AADT). The traffic counts on the Subject Road are as follows: • WCR 29 between WCR 6 and WCR 8: 62 AADT • WCR 31 between WCR 4 and WCR 6: 128 AADT • WCR 6 between WCR 29 and WCR 31: 186 AADT The 2007 traffic counts above shall be utilized as the baseline, pre- VESTAS traffic counts on the Subject Roads in determining the percentage increases due to VESTAS facility traffic impacts for dust control obligations under this agreement. These estimates establish a baseline for each of the Subject Roads; any increase in traffic on a Subject Road shall be measured from the applicable baseline ("Baseline"). B. Subject Roads: Roads subject to the need for dust control due to increased traffic associated with the VESTAS facilities include Weld County Road (WCR) 29, between WCR 6 and WCR 8, a distance of one mile; WCR 31, between WCR 4 and WCR 6, a distance of one mile; and east of 2 MID 11111 3638029 07/23/2009 12:00P Weld County, CO 3 of 14 R 0.00 0 0.00 Steve Moreno Clerk & Recorder the facilities on WCR 6 to WCR 31, a distance of approximately 7915 feet. COUNTY reserves the right to add roads to this list if it is apparent that they are being used for access to the VESTAS facilities. Prior to adding any roads to this list, the COUNTY must provide hard evidence to VESTAS that there is a sustained increase in traffic on any such road and such sustained increase is directly attributable to accessing the VESTAS facilities. Any such evidence must include baseline traffic counts and traffic counts allegedly attributable to the increase in traffic associated with the VESTAS facilities. COUNTY agrees not to add any roads for which it is unable to demonstrate such a correlation. C. Dust suppression chemicals shall be applied by VESTAS as needed as determined by COUNTY, not being less than twice a year. Dust suppression chemicals shall be applied to the graveled roadways for a distance of no less than 300 feet in front of all existing homes or as per the COUNTY determines. VESTAS shall be responsible for the cost of chemical dust treatment of the Subject Roads only to the extent attributable to the increase in traffic generated by the VESTAS facilities (i.e., as to each Subject Road, the increase in traffic generated by the VESTAS facilities above the Baseline). The COUNTY shall be liable for the remainder. This allocation of cost based on traffic counts in excess of the applicable Baseline shall be applied to each and every Subject Road. Without limiting the generality of the foregoing and by way of example only, assuming a traffic count of 200 vehicles per day on a Subject Road requires Vestas to initiate dust suppression activities, such threshold is met, and the Baseline for that Subject Road is 100 vehicles per day, VESTAS shall apply dust suppression chemicals in accordance herewith and shall be liable for 50% of the costs as to that Subject Road. The COUNTY shall be liable for the remainder of the costs as to that Subject Road. The COUNTY shall be notified no less than five (5) days prior to chemical application in order to properly prepare the road surface to receive the chemical. As a cost saving measure, VESTAS has the option to request substitution of paving for chemical dust control on any or all of the Subject Roads by providing that request in writing to the Department of Public Works. D. VESTAS shall pave a Subject Road when the traffic count for that Road exceeds 350 vehicles per day on two successive counting events spaced no closer than 30 days apart or when the average of 3 successive count events exceeds 350 vehicles per day. Such traffic counts shall be made by COUNTY and shared with VESTAS at least thirty (30) days prior to the commencement of any paving. Options for paving shall include recycled asphalt (RAP). The design of the paved road improvements, including but not limited to, thickness of road base materials, asphalt/RAP mix design 3 111111 11111 111111 1111 BEE/III111111 III11111 it IIII 3638029 07/23/2009 12:OOP Weld County, CO 4 of 14 R 0.00 D 0.00 Steve Moreno Clerk & Recorder and thickness, shall be subject to COUNTY approval. Either private contractors (complying with COUNTY permit requirements) or COUNTY materials and equipment may be utilized for paving projects. VESTAS shall pay its proportional share of the costs of paving the Subject Roads according to the increases in traffic attributed to the VESTAS facilities. Cost sharing for paving on Subject Roads shall be determined based on increases in vehicle traffic above historic background levels as determined by traffic counts conducted by the COUNTY. For example, on a Subject Road with a pre-VESTAS Average Daily Traffic Count ("ADT") of 100 that is found to have a post-VESTAS ADT of 250, the 150 additional vehicles represents 60% of the traffic, VESTAS would be responsible for 60 percent of the cost of paving. The remaining portion of the cost of paving the Subject Roads shall be paid by COUNTY immediately upon invoice by VESTAS. 3. COLLATERAL: General Requirements for Collateral: A. The value of all collateral submitted to COUNTY to guarantee completion of the dust control activities and improvements listed in Exhibit "A," must be equivalent to One -Hundred percent (100%) of the value of the dust control activities and improvements as shown in this Agreement. B. Acceptable collateral shall be first submitted to the COUNTY when the traffic counts warrant the commencement of dust suppression activities by VESTAS in accordance herewith. There shall be no submission of acceptable collateral by VESTAS until the applicable underlying contingent obligation (i.e., dust suppression or improvement activities) becomes absolute as determined in accordance herewith. C. Collateral to be in the form of an irrevocable letter of credit (LOC) in an amount equivalent to (100%) of the total value of the improvements set forth in the Improvements Agreement; the LOC shall be subject to the requirements of Weld County Code Section 2-3-30 B. VESTAS shall utilize the following form when obtaining a LOC: IRREVOCABLE STANDBY LETTER OF CREDIT FOR BOARD OF COUNTY COMMISSIONERS OF WELD COUNTY, COLORADO. A form of the LOC is attached hereto as Exhibit B and are incorporated herein by reference. D. Collateral may be in the form of a cash deposit made with the Board in an amount equivalent to one hundred percent (100%) of the value of the improvements set forth in the Improvements Agreement. E. In the event VESTAS has posted acceptable collateral in connection with its dust suppression activities and becomes obligated to pave a Subject Road in accordance herewith, the amount of existing collateral posted with the County to secure performance of dust suppression activities 4 111111111111 111111 IIII 1111111 IIII 111111 III VIII IIII IIII 3638029 07/23/2009 12:00P Weld County, CO 5 of 14 R 0.00 I0 0.00 Steve Moreno Clerk & Recorder attributable to this particular Subject Road may be applied toward the overall collateral obligation arising in connection with the construction of RAP on this particular Subject Road. VESTAS shall have no obligation to replace any acceptable collateral relative to its dust suppression activities that was applied pursuant to the foregoing. 4. REQUEST FOR RELEASE OF COLLATERAL: A. Collateral shall be released in accordance with the provisions of Weld County Code Section 2-3-30.C. Prior to release of collateral, Vestas must present a Statement of Substantial Compliance that the project or a portion of the project has been completed in substantial compliance with approved plans and specifications as determined by the Weld County Department of Public Works. B. Following the submittal of the Statement of Substantial Compliance and written recommendation of acceptance of the improvements by the County, Vestas may request release of the collateral for the project or portion of the project by the Board. This action will be taken at a regularly scheduled public meeting of the Board. C. For improvements to public rights -of -way or easements, the request for release of collateral shall be accompanied by "Warranty Collateral" in the amount of fifteen percent (15%) of the value of the improvements as shown in this Agreement excluding improvements fully accepted for maintenance by the responsible governmental entity, special district or utility company. The warranty collateral shall be released to Vestas following the expiration of the warranty period upon final written acceptance by the Board of County Commissioners. 5. ENFORCEMENT: Either party may seek enforcement of the terms of this Agreement in a court of competent jurisdiction in the State of Colorado. Failure of either party to perform any of its respective obligations hereunder by reason of acts of God, strike, or acts of any governmental agency or authority having jurisdiction over matters set forth herein shall excuse timely performance of such obligations, but such performance shall resume as soon as reasonably practical. The parties may, however, mutually consent to excuse a party from performing any obligation required herein, in whole or in part, upon a showing that performance has been rendered impracticable by reason of force majeure. No provision of this Agreement shall be deemed to bar the COUNTY from seeking appropriate judicial relief. Neither the existence of other remedies identified in this Agreement nor the exercise thereof shall be deemed to bar or otherwise limit the right of the COUNTY to recover monetary damages for violations by VESTAS, or to seek and obtain judicial enforcement of VESTAS' obligations by means of specific performance, injunctive relief or mandate, or any other remedy at law or in equity. The COUNTY specifically does not, by any provision of this 5 I IIIIII 11111 DIM IIII1111111III'IIII'IIII(IIIIIIIIIIII 3638029 07/23/2009 12:OOP Weld County, CO 6 of 14 R 0.00 ID 0.00 Steve Moreno Clerk & Recorder Agreement, waive any right, immunity, limitation or protection otherwise available to the COUNTY, its officers, officials, agents, or employees under federal, State, or local law. 6. ENTIRE AGREEMENT: This instrument embodies the entire agreement of the parties with respect to the subject matter hereof There are no promises, terms, conditions, or obligations other than those contained herein; and this Agreement shall supersede all previous communications, representations, or agreements, either verbal or written, between the parties hereto. No modification to this Agreement shall be valid unless agreed to in writing by the parties hereto. 7. BINDING EFFECT: This Agreement shall inure to the benefit of and be binding upon the parties hereto and their successors in interest. Any successor or assign of VESTAS assuming ownership of the property permitted under USR-1676, or assuming responsibility of operations at the VESTAS facility, shall also assume the responsibility of complying with the terms and obligations of this Agreement. 8. NO THIRD -PARTY ENFORCEMENT: It is expressly understood and agreed that enforcement of the terms and conditions of this Agreement, and all rights of action relating to such enforcement, shall be strictly reserved to the undersigned parties and their successors, and assigns in the event that any portion of the project is annexed into an adjacent municipality, and nothing contained in this Agreement shall give or allow any claim or right of actions whatsoever by any other person not included in this Agreement. It is the express intention of the undersigned parties than any entity other than the undersigned parties receiving services or benefits under this Agreement shall be deemed an incidental beneficiary only. 9. NO WAIVER OF IMMUNITIES: No portion of this agreement shall be deemed to constitute a waiver of any immunities the parties or their officers or employees may possess, nor shall any portion of this agreement be deemed to have created a duty of care which did not previously exist with respect to any person not a party to this agreement. 10. SEVERABILITY: If any term or condition of this agreement shall be held to be invalid, illegal or unenforceable, this agreement shall be construed and enforced without such a provision, to the extent this agreement is then capable of execution within the original intent of the parties. ROAD PAVING STANDARDS: All construction and material control for road paving shall be in accordance with the current Standard Specifications for Road and Bridge Construction, as supplemented or revised, provided by the Colorado Department of Transportation. During and following construction, signage shall be posted in accordance with the most current Manual or Uniform Traffic Control Devices. 6 11111111111111111 III' 11111111111 111111III 1111111111111 3638029 07/23/2009 12:00P Weld County, CO 7 of 14 R 0.00 0 0.00 Steve Moreno Clerk & Recordei 12. INDEMNIFICATION: To the extent authorized by law, VESTAS agrees to indemnify, save, and hold the COUNTY or the successor municipality harmless from and against any and all claims, damages, losses, and judgments, which may be suffered or incurred by it as a consequence of any breach by VESTAS, its successors and assigns, of its obligations and duties as set forth in this Agreement. 13. NO JOINT VENTURE OR PARTNERSHIP: By entering into this Agreement, the parties do not intend, either expressly or implicitly, to create a joint venture or partnership. Except as provided herein, neither party shall have the right or authority to act for, or on behalf of, or to enter into any obligations which are binding on the other party to this Agreement. 14. NOTICES: All notices to be given under this Agreement shall be in writing and delivered in person, or mailed by certified or registered U.S. Mail, or sent by a nationally recognized overnight delivery service, to the party to receive such notice at the following addresses: COUNTY: Weld County Board of Commissioners P.O. Box 758 Greeley, CO 80632 VESTAS: Vestas Blades America, Inc. 11 140 Eastman Park Drive Windsor, CO 80550 With a copy to: Nolte Engineering 8000 South Chester Street, Suite 200 Centennial, CO 80112 Attention: Mr. Bob Bowell, Construction Manager All notices shall be effective upon receipt by the party to receive such notice, or by the third day following deposit of said notice in U.S. Mail, or the first day following deposit of acknowledgment of refusal of delivery of said notice. 7 111111111111111111 IIII 1111111 IIII 111111 III 11111 IIII IIII 3638029 07/23/2009 12 00P Weld County, CO 8 of 14 R 0.00 0 0.00 Steve Moreno Clerk & Recorder IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement the day and year first above written. VESTAS BLADES AMERICA, INC. ATTEST/id : Weld County Clerk to the B Deputy C -rk to the Boa By: Ole reben Bo Li p Jakobsen President WELD COUNTY. COLORADO By: William F. Garcia, Chairman Board of County Commissioners of Weld County JUL - 6 2008 8 1111111 11111 111111 OMNI lIII IIII 3638029 07/23/2009 12:00P Weld County, CO 9 of 14 R 0.00 0 0.00 Steve Moreno Clerk & Recorder EXHIBIT "A" Vestas USR-1676: Location: WCR 29, between WCR 6 and WCR 8, WCR 31, between WCR 4 and WCR 6, and WCR 6 east of the facilities to WCR 31, a distance of approximately 7915 feet. Intending to be legally bound, the undersigned Vestas hereby agrees to provide throughout this Use By Special Review, the following improvements. (Leave spaces blank where they do not apply.) Improvements Estimated Unit Cost Construction Cost Street grading Street base Street paving (RAP assumed) $170,000/mile $595,000.1 Magnesium Chloride or Calcium $60,000/mile/applicationz Chloride dust treatment Storm sewer facilities Ditch improvements Subsurface drainage Sanitary sewers Trunk and forced lines Mains On -site sewage facilities On -site water supply and storage Water mains (includes bore) Fire hydrants Survey and street monuments and boxes Road culvert Grass lined swale Gas Electric Water transfer Safety improvements SUB -TOTAL: Engineering and Supervision Costs $ (Testing, inspection, as -built plans and work in addition to preliminary and final plat; supervision of actual construction by contractors) TOTAL ESTIMATED COST OF IMPROVEMENTS AND SUPERVISION $ 595,000. This is subject to cost allocation with the COUNTY pursuant to the above Agreement. This is subject to cost allocation with the COUNTY pursuant to the above Agreement. 9 11111 111111 1111 111111III111111III III' 3638029 07/23/2009 12:00P Weld County, CO 10 of 14 R 0.00 D 0.00 Steve Moreno Clerk & Recorder The above improvements shall be constructed in accordance with all County requirements and specifications, and conformance with this provision shall be determined solely by Weld County, or its duly authorized agent. Said improvements shall be completed according to the construction schedule set out in Exhibit B. By: Applicant Title Date: . 20 (If corporation, to be signed by President and attested to by Secretary, together with corporate seal.) 10 1 111111 11111 111111 11111111111 IIII 111111 III IIIIII III IIII 3638029 07/23/2009 12:OOP Weld County, CO 11 of 14 R 0.00 D 0.00 Steve Moreno Clerk & Recorder EXHIBIT "B" IRREVOCABLE STANDBY LETTER OF CREDIT FOR BOARD OF COUNTY COMMISSIONERS OF WELD COUNTY, COLORADO Date Beneficiary: BOARD OF COUNTY COMMISSIONERS OF WELD COUNTY, COLORADO 915 Tenth Street Greeley, Colorado 80631 Attn: Clerk to the Board Company Name Company Address Company Address Ladies and Gentlemen: Effective immediately, at the request of and on behalf of (Name of Company), we hereby issue this Letter of Credit # for (Number of Dollars) ($ ) in favor of the Board of County Commissioners of Weld County, Colorado, (hereinafter "Beneficiary"). This Letter of Credit is issued to permit (Name of Company) to meet the requirements of the (Insert Full Name and Date of Agreement), (hereinafter "Improvements Agreement"). This amount may be drawn on at our office located at (Address of Bank). We hereby undertake to honor your sight draft drawn on us bearing upon its face the clause: "Drawn under the Bank of Letter of Credit Number , dated ", when accompanied by the following: 1. The original of this Letter of Credit and any subsequent amendments, if any; and 2. Original of Beneficiary's statement purportedly manually signed by a member of the Board of County Commissioners of Weld County, Colorado stating one or more of the following: a. "The Board of County Commissioners of Weld County, Colorado hereby certifies that it is entitled to draw US Dollars (Written Amount of Withdrawal) ($ ) under the Bank of (Name of Bank), Letter of Credit Number dated because (Name of Company) has defaulted on its obligations under the (Insert full name of Improvements Agreement), by (State Nature of Default). b. "The Board of County Commissioners of Weld County, Colorado hereby certifies that it is entitled to draw US Dollars (Written Amount of Withdrawal) ($ ) under Bank of (Name of Bank), Letter of Credit Number dated because (Name of 11 111111 11111 111111 1111 INA 111111 III IBM IIII 3638029 07/23/2009 12:OOP Weld County, CO 12 of 14 R 0.00 0 0.00 Steve Moreno Clerk & Recorder Company) has not, to the satisfaction of the Board of County Commissioners of Weld County, Colorado, within sixty (60) days of the expiration date of this Letter of Credit replaced or renewed this Letter of Credit." The above statements are acceptable if presented in the form of a Resolution formally adopted by the Board of County Commissioners of Weld County, Colorado. Additionally, a copy of one or both of the above statements may be submitted by facsimile transmission or by electronic mail, if said transmission source can be verified by us. 3. It is a condition of this Irrevocable Letter of Credit that it be considered automatically extended without amendment for additional periods of one year from the present or any future expiration date unless we notify you, the Beneficiary, in writing, not less than ninety (90) days before such date that we elect not to extend this Letter of Credit for such additional term. This notice will be set to the address herein sent by certified mail, return receipt requested. Upon your receipt of said notice, you may draw on us at sight for the balance remaining under this Letter of Credit within the then applicable expiration date. 4. Partial drawings under this Letter of Credit are permitted. 5. For purposes of the Letter of Credit, (Name of Company) shall be deemed in default if one or more of its obligations under the (Full Name of Improvements Agreement and Date of Agreement) is/are not met within the time frame(s) set forth in said Improvements Agreement. 6. This Credit shall be transferable, as directed by an authorized representative of the Board of County Commissioners of Weld County, Colorado, in compliance with Article 48 of UPC 500. We hereby promise you that a draft drawn under and in compliance with the terms and conditions of this Letter of Credit will be duly honored by us if presented at this office or by registered mail on or before the current expiration date, currently (Expiration Date), or any future applicable expiration date as described herein. Draft presentation before 10:00 a.m. Mountain Standard Time on any Business Day shall be honored before 5:00 p.m. on the same Business Day by wire transfer in immediately available funds to any account designated by an authorized representative of Board of County Commissioners of Weld County, Colorado, (or any other reasonable means specified by said authorized representative). Draft presentation between 10:00 a.m. and 5:00 p.m. Mountain Standard Time on any Business Day shall be honored before 5:00 p.m. on the following Business Day by wire transfer in immediately available funds to any account designated by an authorized representative of Board of County Commissioners of Weld County, Colorado, (or any other reasonable means specified by said authorized representative). As used in this Credit, the term "Business Day" shall mean a day other than Saturday or Sunday or any day in which Banking Institutions in the State of Colorado are authorized or required by law to close. 12 111111 VIII IIIIII IIII III1111 IIII 111111 III IIIIII III IIII 3638029 07/23/2009 12:00P Weld County, CO 13 of 14 R 0.00 D 0.00 Steve Moreno Clerk & Recorder This Letter of Credit sets forth in full the terms of our undertaking, and such undertaking shall not in any way be modified, amended, amplified or limited by reference to any document, instrument or agreement referred to herein or to which this Letter of Credit relates. Except to the extent terms hereof are inconsistent with its provisions, in which case this Letter of Credit shall govern, this Letter of Credit is subject to the Uniform Customs and Practice for Documentary Credits (1993 Revision), the International Chamber of Commerce Publication No. 500. Yours truly, Name Authorized Officer Name of Bank Address Address Tel No F 13 111111 11111 11110 11111111111 IIII 111111 III 111111 III IIII 3638029 07/23/2009 12:00P Weld County, CO 14 of 14 R 0.00 D 0.00 Steve Moreno Clerk & Recorder Esther Gesick From: Sent: To: Cc: Subject: Christine, Esther Gesick Friday, July 10, 2009 9:46 AM 'Christine Hoth'; Bruce Barker Kim Ogle; Richard Hastings; Donna Bechler; Joel Rosenstein; Kjmr Lundo Jakobsen; 'Jane Vandal Ausum'; Sharon Kahl RE: Vestas/Weld County Signed documents Thanks for your speedy work on this. The On -Site Improvements Agreement is scheduled for consideration by the Commissioners on Monday, July 13th. Once both Agreements and Resolutions are signed, we will return one original of each of the agreements and a copy of the signed Resolutions. Thanks again for your assistance! Esther E. Gesick Deputy Clerk to the Board Weld County, Colorado 915 10th Street Greeley, CO 80631 (970)356-4000 X4226 (970)352-0242 (fax) Original Message From: Christine Hoth [mailto:CHoth@sennlaw.com] Sent: Friday, July 10, 2009 8:15 AM To: Esther Gesick; Bruce Barker Cc: Kim Ogle; Richard Hastings; Donna Bechler; Joel Rosenstein; Kjr Lundo Jakobsen; 'Jane Vandal Ausum' Subject: RE: Vestas/Weld County Signed documents Esther and Bruce, My apologies for the oversight of the signature on page 10. Attached is a pdf signed copy from Mr. Jakobsen signed on page 10 on behalf of Vestas. Please let me know if you require anything further. Regards, Chris Hoth Christine Rothe Hoth Attorney SENN VISCIANO P.C. 1801 California #4300 Denver CO 80202 Phone: (303) 298-1122 Fax: (303) 296-9101 Email: CHoth@SennLaw.com www.SennLaw.com This electronic mail transmission and any accompanying documents contain information belonging to the sender which may be confidential and legally privileged. This information is intended only for the use of the individual or entity to whom this electronic mail 1 transmission was sent as indicated above. Any disclosure, copying, distribution, or action taken in reliance on the contents of the information contained in this transmission is strictly prohibited. If you have received this transmission in error, please delete the message and notify us by calling 303-298-1122 or e -mailing choth@sennlaw.com. DISCLOSURE UNDER IRS CIRCULAR 230: Any tax advice contained in this communication (including any attachments) is not intended or written to be used, and may not be used, by a taxpayer for the purpose of avoiding tax penalties under United States federal tax laws or promoting, marketing or recommending to another party any tax related transaction or matter addressed herein. Original Message From: Esther Gesick [mailto:egesick@co.weld.co.us] Sent: Thursday, July 09, 2009 5:03 PM To: Bruce Barker Cc: Kim Ogle; Richard Hastings; Christine Hoth; Donna Bechler Subject: RE: Vestas/Weld County Signed documents Bruce, It's page 10 of this agreement (approved back on 7/6/09) that is lacking signature on both the originals and the .pdf version. I am providing a cc: copy of this message for Christine Hoth to request that they print out the scanned blank page, have it signed by Ole Jakobsen, scan and e-mail us that page to complete this document. Thanks! Esther E. Gesick Deputy Clerk to the Board Weld County, Colorado 915 10th Street Greeley, CO 80631 (970)356-4000 X4226 (970)352-0242 (fax) Original Message From: Bruce Barker Sent: Thursday, July 09, 2009 2:16 PM To: Esther Gesick Subject: FW: Vestas/Weld County Signed documents Importance: High One of these is the signed "On -site Agreement." Original Message From: Esther Gesick Sent: Thursday, July 09, 2009 10:58 AM To: Kim Ogle; Bruce Barker Cc: Richard Hastings; 'Donna Bechler' Subject: Vestas Agreements Kim, 2 Two duplicate original Long -Term Road Maintenance and Improvements Agreements (approved on 7/6/09) arrived; however, the applicant failed to sign Exhibit A. Bruce said he has a .pdf of a signature which we can use. Secondly, two duplicate original Improvements Agreement According to Policy Regarding Collateral for On -Site Improvements arrived; however, the postal delivery did not include the original Letter of Credit. Was it supposed to come separately? The Resolution is drafted and we've listed this matter on the Agenda for Monday, pending delivery of the collateral. Esther E. Gesick Deputy Clerk to the Board Weld County, Colorado 915 10th Street Greeley, CO 80631 (970)356-4000 X4226 (970)352-0242 (fax) Original Message From: Christine Hoth [mailto:CHoth@sennlaw.com] Sent: Tuesday, July 07, 2009 7:29 AM To: Bruce Barker Cc: Joel Rosenstein; Bob Bowell (bob.bowell@nolte.com) Subject: Vestas/Weld County Signed documents Importance: High Bruce, Attached are copies of the two agreements signed by Vestas. By the email below, you can see the tracking number for the overnight delivery of originals. Please call with any questions. Regards, Chris Christine Rothe Hoth Attorney SENN VISCIANO P.C. 1801 California #4300 Denver CO 80202 Phone: (303) 298-1122 Fax: (303) 296-9101 Email: CHoth@SennLaw.com <http://console.mxlogic.com/redir/?Ief8IETd79JBBd- UVOcSjDdqymo92jUgfQN0- lcrwjyucDRI1Z0qz6Iu1UurLOoVcsCejd7ar1KVKNeI0oaFY87WoVsSe7f6zBdwQsCQkS73hOepspvdIK6MPZ9Xj05Y20 Qg2lmUjb6y0Qg34ycfgd425rdG_2t3s_3VU3zg9JYSOOC_ssyyrbZOkFvGVLH7> www.SennLaw.com <http://console.mxlogic.com/redir/?5xNV5B6VEVdIIFLT7e9CM0lfx0_j7bUrLOOVcsCejd7ar1KVKNeI0oaFY8 7WoVsSe7f6zBdwQsCQkS73hOepspvdIK6MPZ9Xj05YZ0Qg21mUjb6y0Qg34ycfgd425rdG_2t3s_3VU3zgpJYS00C_ssy yrbZOkFvGVLH7> This electronic mail transmission and any accompanying documents contain information belonging to the sender which may be confidential and legally privileged. This information is intended only for the use of the individual or entity to whom this electronic mail transmission was sent as indicated above. 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From: Jane Vandal Ausum [JAVA@vestas.com] Sent: Tuesday, July 07, 2009 1:58 AM To: Christine Hoth; Kjr LundO Jakobsen; bob.bowell@nolte.com; Joel Rosenstein Cc: Ole Preben Borup Jakobsen Subject: Signed documents Dear all Attached please find the 2 documents duly signed by Mr. Ole Borup Jakobsen. Both documents are made in 2 originals and will be sent to Bruce Barker in Greeley today by UPS with tracking number 1Z 513 A49 04 9321 3111. Yours sincerely / Med venlig hilsen Jane Vandal Ausum Executive Secretary Vestas Blades A/S T: +45 9730 6665 F: +45 9730 6623 M: +45 22669292 java@vestas.com <http://console.mxlogic.com/redir/?5xNV5B6VEVdIIFLT7e9CM0hDWj5DbUrLOoVc5Cejd7arhKVKNeIOoaFY87 WoVsSe7f6zBdwQsCQkS73hOepspvdIK6MPZ9Xj05YZ0Qg21mUjb6y0Qg34ycfgd425rdG_2t3s_3VU3zr1JYSOOC_ssyy rbZOkFvGVLH7> Company reg. name: Vestas Blades A/S. This e-mail is subject to our e-mail disclaimer statement. Please refer to www.vestas.com/legal/notice <http://console.mxlogic.com/redir/?5xNV5B6VEVdIIFLT7e9CM0hDWjSDbUvV7jYxm5HurLOoVc5Cejd7arhKVK NeI0oaFY87WoVsSe7f6zBdwQsCQkS73hOepspvdIK6MPZ9Xj05YZOQg21mUjb6y0Qg34Ycfgd425rdG_2t3s_3VU3zrVJ YSOOC_ssyyrbZOkFvGVLH7> 4 Esther Gesick From: Sent: To: Cc: Subject: Esther Gesick Friday, July 10, 2009 9:46 AM 'Christine Hoth'; Bruce Bather Kim Ogle; Richard Hastings; Donna Bechler; Joel Rosenstein; Kjaer Lunde Jakobsen; 'Jane Vandal Ausum'; Sharon Kahl RE: Vestas/Weld County Signed documents Christine, Thanks for your speedy work on this. The On -Site Improvements Agreement is scheduled for consideration by the Commissioners on Monday, July 13th. Once both Agreements and Resolutions are signed, we will return one original of each of the agreements and a copy of the signed Resolutions. Thanks again for your assistance! Esther E. Gesick Deputy Clerk to the Board Weld County, Colorado 915 10th Street Greeley, CO 80631 (970)356-4000 X4226 (970)352-0242 (fax) Original Message From: Christine Hoth [mailto:CHoth@sennlaw.com] Sent: Friday, July 10, 2009 8:15 AM To: Esther Gesick; Bruce Barker Cc: Kim Ogle; Richard Hastings; Donna Bechler; Joel Rosenstein; Kjmr Lunde Jakobsen; 'Jane Vandal Ausum' Subject: RE: Vestas/Weld County Signed documents Esther and Bruce, My apologies for the oversight of the signature on page 10. Attached is a pdf signed copy from Mr. Jakobsen signed on page 10 on behalf of Vestas. Please let me know if you require anything further. Regards, Chris Hoth Christine Rothe Hoth Attorney SENN VISCIANO P.C. 1801 California #4300 Denver CO 80202 Phone: (303) 298-1122 Fax: (303) 296-9101 Email: CHoth@Sennlaw.com www.SennLaw.com [.e 11 ,,;(74.‘rd This electronic mail transmission and any accompanying documents contain information belonging to the sender which may be confidential and legally privileged. This information is intended only for the use of the individual or entity to whom this electronic mail 1 Hello