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Home My WebLink About20060812.tiff 1, RESOLUTION RE: APPROVE PARTIAL CANCELLATION AND RELEASE OF COLLATERAL FOR PLANNED UNIT DEVELOPMENT FINAL PLAN,PF#1045 -HIGHLANDACQUISITION GROUP, LLC 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,by Resolution dated June 10,2005,the Department of Planning Services staff approved the application of Highland Acquisition Group, LLC, do Robert Kelsey, 6297 South Potomac Way, Centennial, Colorado 80111, for a PUD Final Plan, PF #1045 on the following described real estate, to wit: Lot B of Recorded Exemption#3105; being part of the N1/2 NW1/4 of Section 5, Township 1 North, Range 68 West of the 6th P.M.,Weld County,Colorado,and WHEREAS,on August 15, 2005, the Board of County Commissioner of Weld County, Colorado, approved an Improvements Agreement According to Policy Regarding Collateral for Improvements(Public Road Maintenance)for Highland Farms PUD between the County of Weld, State of Colorado, by and through the Board of County Commissioners of Weld County, and Highland Acquisition Group, LLC,with terms and conditions being as stated in said agreement, and accepted check#1273, in the amount of$362,426.55, and WHEREAS,staff from the Weld County Department of Public Works has conducted a visual inspection and recommends partial release of said collateral, in the amount of$335,357.95, plus interest; retaining$8,826.00 at the request of the Department of Planning Services and$18,242.60 at the request of the Department of Public Works. WHEREAS,upon recommendation of staff, the Board deems it advisable to approve the partial release of said collateral. NOW,THEREFORE,BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, that collateral, in the amount of$335,357.95, plus interest, be, and hereby is, canceled and released. BE IT FURTHER RESOLVED by the Board that the Clerk to the Board be, and hereby is, directed to return said collateral to the appropriate issuing party. IIIIIIIVIIIVIIIIIIIIVIIIIIIIIIIVIIIIIIVIIIIIIIIIII 3376189 04/04/2006 01:34P Weld County, CO 1 of 2 R 0.00 D 0.00 Steve Moreno Clerk& Recorder 2006-0812 n PL1743 cc Q 09--10 -0(o. CANCEL COLLATERAL - HIGHLAND ACQUISITION GROUP, LLC PAGE 2 The above and foregoing Resolution was,on motion duly made and seconded, adopted by the following vote on the 15th day of March, A.D., 2006. OARD OF /aUNTY COMMISSIONERS IELa'„� LD CO1TY, COLORADO ATTEST: jate#, `4�U%,, �� i�466-) N� ` — Ty h Weld County Clerk to the Bo. n.,� ) . A V6 i' -avid E. Long, Pro-Tem BY: \1t11 D ty CI to the Board ' 2-) ,t- 12,-✓ Willi Jerke P VED A TO R :K __ Robe . Ma)._M,\NO---' -6 Attorney t _earl_ _ Glenn Vaad Date of signature: 3)2`I)DCn 111111111111111111111111111111111 11111 III 111111111 III!3376189 04/04/2006 01:34? Weld County, CO 2 of 2 R 0.00 0 0.00 Steve Moreno Clerk& Recorder 2006-0812 PL1743 0)7 MEMORANDUM VN`Pe TO: Board of County Commissioners March 9, 2006 COLORADO FROM: Jacqueline Hatch SUBJECT: PF-1045 — Highland Farms The Department of Planning Services has received the following letter from Robert Bulthaup dated February 7, 2006 for PF-1045 (Highlands Farms PUD). The site is located south of and adjacent to State Highway 52 and approximately 1/4 mile east of County Road 3. The applicant is requesting that the original collateral in the amount of amount of three hundred sixty two thousand, four hundred and twenty six dollars and fifty five cents ($362,426.55) for on- site improvements approved by the Board of County Commissioners on August 15, 2005 be released. The Department of Planning Services has reviewed the site and finds that some of the improvements have not been completed. The items that still need to be completed include the monument sign with surrounding landscaping and additional landscaping per the final plat recorded on August 24, 2005. The Department of Planning Services is requesting that eight thousand, eight hundred and twenty six dollars ($8826.00) be retained for the remaining items to be completed on site. Shrubs, perennials, and grass = $3326.00 Monument sign = $5500.00 The Department of Public Works is requesting that 20% of the pavement item be retained (15% to be held for the pavement warranty and 5% for minor pavement repairs scheduled for the summer of 2006). The Department of Public Works is requesting that eighteen thousand two hundred and forty two dollars and sixty cents ($18,242.60) be retained. After review of the site Department of Public Works and the Department of Planning Services is in support of a partial vacation in the amount of three hundred and thirty five thousand three hundred and fifty seven dollars and ninety five cents ($335,357.95). The Department of Planning Services and the Department of Public Work is requesting that a total of twenty seven thousand and sixty eight dollars and sixty cents (27,068.60) be retained. The applicant is requesting for a release of collateral in the amount of three hundred and forty eight thousand and seven hundred and forty four dollars and sixty cents ($348,744.60) at this time (the County retaining thirteen thousand and sixty hundred and eighty one dollars and ninety five cents for the warranty collateral. The applicant has submitted the attached email dated March 3, 2006 stating that their attorney has advised the applicant the per the wording of the release of collateral terms in the improvements agreement, in his opinion a person would reasonably conclude that "substantial Compliance" for completion of the project has been met. The amount of landscaping to finish is trivial — less than 5% of the total landscape budget. 2006-0812 Weld County Planning Department BUILDING 460 MAR 2 2006 11 ATI , MEMORANDUM CI"NED ' TO: Jacqueline Hatch,Plannin D artment DATE: 27-February-2006 FROM: Peter Schei, P.E.,Pu Department C. COLORADO SUBJECT: PF-1045 Highland Farms PUD (Final Plat)collateral release Weld County Public Works Department has reviewed collateral materials and has the following development referral comments. Comments ❑ The applicant has submitted a signed letter dated February 7'", 2006 from Robert Bulthaup to Public Works requesting release of collateral. ❑ The engineer of record, Robert Kelsey, P.E., has submitted a sealed letter dated January 12th, 2006 stating substantial compliance to approved construction plans and specifications. ❑ AS-BUILT drawings for the development have been submitted and accepted by Public Works. ❑ Public Works has inspected infrastructure associated with our Department and recommends the release of collateral monies associated with said improvements except for twenty percent (20%) of the pavement item [fifteen percent (15%) will be held for the pavement warranty, and five percent (5%) will be held for minor pavement repairs scheduled in Summer 2006.] o The total amount of collateral associated with Public Works to retain is $18,242.60. ❑ Planning may schedule the release of collateral with the Clerk with no concerns from Public Works. Recommendation ❑ The Public Works Department recommends the release of collateral as directed above for this development. The Planning Department may proceed with this case,with no milk-lions by Public Works.' PC:PF-1045 Highland Farms PUD(Final Plat)collateral release Email&Original:Planner:Jacqueline Hatch PC by Post: Applicant:Robert Kelsey w/Peak Civil Consultants,Inc. PC by Post: Engineer:Peak Civil Consultants,Inc. -- — Page 1 of 1 __ Page 1 of 1 Jacqueline Hatch From: Rob Bulthaup [rob@bulthaup.org] Sent: Friday, February 03, 2006 3:14 PM To: Jacqueline Hatch Cc: cgrant@gglaw.com; JSBOU76@aol.com Subject: Improvements Agreement on Highland Farms Jacqueline, We have completed the improvements on Highland Farms and would like to request a release of the collateral that was provided with our Improvements Agreement with the County. The agreement speaks to certain items that need to be prepared, which I have. The agreement says I need to submit these documents so we can get a hearing before the Board, but it doesn't say to whom I should give them. Are you the right person? If so, let me know and I can call you to discuss the specifics. 02/06/2006 Highland Acquisitions Group,LLC do Robert M.Bulthaup 6297 S.Potomac Way Englewood,CO 80111 Email-rob®buhhaup.org Highland Acquisition Group, LLC February 7,2006 Board of County Commissioners,Weld County,Colorado Re: Improvements agreement Highland Farms PUD Final Plan PF#1045 Dear Sirs, This letter will serve as our formal Request for Release of Collateral from the Board per Section 9.0 of our Improvements Agreement for Highland Farms PUD dated August 15,2005 and approved by the Board on August 19,2005. Collateral in the form of cash in the amount of$362,426.55 was received by the County Clerk on August 2,2005. It is requested that these funds be returned with interest from that date. Attached,please find a Statement of Substantial Compliance from Mr.Robert Kelsey at Peak Civil Consultants stating that the project has been completed in substantial compliance to the approved construction plans and specifications.The attached letter from Mr.Jerry Bouldin to Mr.Kelsey confirms,as his representative,that he made regular on-site inspections dining the course of construction and that construction plans utilized were those approved by the County(9.1).Mr. Bouldin's letter indicates that test results for the project have been delivered to Ms. Kelley Jenkins (9.2). "As-built"plans have been submitted to Weld County Public Works care of Mr.Peter Schei. (9.3).Mr.Kelsey's letter,as the Engineer,certifies that the project"as-built"is in substantial compliance with the approved plans and specifications(9.3). Attached is a letter from Ms.Kathryn Peterson with the Left Hand Water District which states that the project has been accepted by the district(9.4). Attached is a letter from Ms.LuAnn Penfold with the Mountain View Fire Protection District to Ms.Jacqueline Hatch with the County Planning Department stating the results of the fire flow tests which were conducted with the oversight of the District are satisfactory(9.5). Attached is a copy of the final plat showing the street configurations,street names and locations of the fire hydrants that was faxed,per her request,to Ms.Penfold on February 6,2006(9.5)The requirements of Sections 9.0 through 9.5 were noted on the final construction plans(9.6). A recommendation of acceptance of the streets for partial maintenance by the County is requested. Once received,we request the Board release the collateral for the project(9.7). Attached is a check in the amount of$13,681 which "Warranty Collat " 15% of ihe improvements 3.00) ch e ally a ty(6. 9. pon com on of the menu o 'on 6.3 of the agreement relating to unqualified acceptance, arranty Collateral"will be released. The action providing for the release of the collateral will be scheduled for the next regularly scheduled public meeting of the Board. ZS' ty, rtett M Bulthaup,Manager Highland Acquisition Group, C flH SIT-A- Naat Highland Farm P.UA.PMa•a Coat estimate NNW tat 8,1484106 Leaatkat South MS of Hwy Rat WM 3111 Wald County,Colorado ',wares n•S I fl aft man.wa n lily pax b awnsvde•Ns St•Ix ermaa011a now4ntr au••••••••••••••X• i iaa•aCaa iimnnela 4•rr•lar0 an i Waft I MOONS Yrlea C•aiia•a Com CS' CT IN/i•• is MSS a.Y•ue alum as. 6arowarni It swa OA asi VICFrI a 1 IS Iwm OASSa•m a IS IS UM= WM1iOY• If I itl• W•.00 •I• a4••n•••l.I••L••s•OY•••••• IC • YSAD Bi••Oin taus 4iai b rg a••aa+• is 0 r r Salim Sow ata•s W Or lblaA e.AI u I I.aam Ira ✓nag ryewrrlha It r Ma afar n istar IA • awl 45 5 r•r1t IA I CM SOD r•ratel•• a a fan rge t arns a a am Sim samara a IS an raymaa a tram ta•i M•i•i• a aura• Ian ii••alra•o a fti asge ISSIBIS V IS Gal Ww•amaMas a ma am. WnllibVl it •Ia a Lgea Jr IASSISIhe IA SO imall•••i.r u v Nam Sari an SS no it US SS ISO r•na a : anal MOO S OP it a mi mange arm a I SI NMI 151•C MO EA a 5510 n•0001•1w••rrr•i pi a I aa US •5—a nlr a I IS AS wu�NWbra it m Mn tr••m Grawa.— amaa MS MOS Colle Fares • tyai famaa ar•rarir mill main IS • Mm ti0i •••••••••••• LSO tagei Ufa air•C•lb a • age in rnSarar• IS IS aillat ••~i a0 I Ilia OS IaY•i•tbaraa Wage rasa n••ll.aba.-Gl• Wal•N a I ISO tYi Par.•d01aa. IF i age fan iar�i•M t� SY i YAM ti t55 cir•Gaawsesaaafie ST un 1Im germ arasram ST tad al arge _•a_r-Ma~ ST a•tt— se MO W Sass MY••�a••II a • as tisi JWa••ISS Rill V I Ira Ira Namur iaage !.Maio a a agem aan 1blaery Y • as tt!•a _ aw wi .ar. _ ___ _ • »Mi YiYalni Si- • Iilm —F— �/A Lis uni ♦allots arm I ilmage alai OAS SA MAY Z,.' IS SAO Oia•••••ti Mai Sail ••••••••• N aa•.. Fw !'/! • Jai am •sauna ar • MIN s nrrrb r • • am a OpmaYawr.ral ,t• I SAO AAa- uirraraa / wadi urge Masai&MYY �' !nu • SOILS SAM Oinisimbillbe c SAMS SAS P _____r mlwo� ft load • lalCAM IS rwhriraeiar..aiw-f 22,S1iu•M.a smnArOFsafaaiaaam alam••sa• $ linallelf I.t'` = 4/3, 68/ 9S 9 Page 1 of 2 Jacqueline Hatch From: Rob Bulthaup [rob@bulthaup.org] Sent: Friday, March 03, 2006 10:49 AM To: Jacqueline Hatch Cc: Jerry Bouldin Subject: RE: Improvements agreements All of the evergreen trees have been planted and the landscaping is essentially done. We have a few deciduous trees and low shrubs that will be put in, but we will wait until later in the spring to do so. If we planted them now, they would just die. The signs (stop/street/etc.) are in. The monument has been carved and paid for, but I won't actually put it in the ground until I plant the shrubs that go around it. I received a copy from Peter that Public Works has signed off. My attorney has advised me that, per the wording of the release of collateral terms in the improvements agreement, in his opinion a person would reasonably conclude that"Substantial Compliance" for completion of the project has been met. The amount of landscaping to finish is trivial — less than 5% of the total landscape budget. I could finish it now, but I would just have to fix it later. The purpose of the agreement is to insure that I complete the project, which I have. I believe there is no longer any reason for the County to continue to hold the $362,426.55 in cash that I provided as collateral and would ask that you proceed. From: Jacqueline Hatch [mailto:jhatch@co.weld.co.us] Sent: Tuesday, February 21, 2006 9:01 AM To: Rob Bulthaup Subject: RE: Improvements agreements Rob, Good morning. I went out to the site last week and noticed that the landscaping, entry sign etc wasn't completed (they were just delivering the landscaping when I got there) When it is completed will you let me know so I can go back out to the site. I can't release the collateral until those improvements are completed. Thanks, Jacqueline From: Rob Bulthaup [mailto:rob@bulthaup.org] Sent: Tuesday, February 07, 2006 8:54 AM To: Jacqueline Hatch Cc: Peter Schei Subject: RE: Improvements agreements Jacqueline I have that as well. I'll be bringing the package up to you later today. See you then. From: Jacqueline Hatch [mailto:jhatch@co.weld.co.us] Sent: Tuesday, February 07, 2006 8:41 AM To: Rob Bulthaup Cc: Peter Schei Subject: RE: Improvements agreements 03/09/2006 Page 2 of 2 Rob, I will need written sign-off from the fire district that the fire hydrants are satisfactory. If you have any questions please do not hesitate to contact me. Thanks, Jacqueline From: Rob Bulthaup [mailto:rob@bulthaup.org] Sent: Tuesday, February 07, 2006 8:32 AM To: Peter Schei Cc: Jacqueline Hatch Subject: Improvements agreements Peter— Our improvements agreement says we need a letter of acceptance of maintenance, if appropriate, by appropriate utility company, special district or town. I'm assuming this would apply for the water and sewer, since we do the construction and the appropriate entity "accepts" the construction. This would not apply to gas, electrical and phone since each of these entities does their own construction. None of them provide letters since there's nothing for them to"accept"from me as the developer since they did the work. On Highland Farms we are doing individual septic systems, so no letter from a sanitation district is required. I have the acceptance letter from Left Hand for the water. Can you confirm this is what I need? Thanks. 03/09/2006 //y9#5,‘...\ Peak Civil Consultants Civil Engineering and Land Development Services January 12, 2006 Rob Bulthaup Highland Acquisition Group, LLC 6297 S. Potomac Way Centennial, CO, 80111 Re: Highland Farms: Weld County, Colorado—Statement of Substantial Compliance Dear Rob: Based upon the as-built field survey points that were supplied by Ehrhart Griffin & Associates, the asbuilt Highland Farms Construction Plans prepared by Peak Civil Consultants (dated 12/22/05), site visits, and the attached letter from Jerry Bouldin at STF Land Development Consultants, the Highland Farms project has been built within substantial compliance to the approved construction plans and specifications. The as-built plans for the project have already been submitted to the Left Hand Water District(approval letter attached) and Weld County Public Works. Please call me with any questions. Sincerely, 'Utommtitti t1/4, ,4 r•��OQreIt FEG/4 ,,�� O gca4 lie 9 . 167. �s �s • p ulllnoWpo Robert Kelsey, P. . Peak Civil Consultants, Inc. cc. Jerry Bouldin, STF, via email 2828 Speer Blvd.,Suite 201 • Denver, Colorado 80211 • Phone: 720.855.3859 • Fax: 720.855.3860 • STF0 Land Development Consultants, Inc. Stan•TO•IYahrlr 3733 Florentine Circle•Longmont,CO 80503.303-881-4952.303-485-1077 Fax•E-(nail:Jsboe76#aol.co n January 10, 2006 Peak Civil Consultants, Inc. Attn: Mr. Bob Kelsey 2828 N. Speer Blvd. Suite 201 Denver, CO 80211 RE: Highland Farms Dear Mr. Kelsey, This letter shall serve to verify that I personally viewed, on a daily basis, construction activities at the Highland Farms Subdivision. To the best of my knowledge items of work and installations involved in the construction of this project were performed or installed in substantial compliance and in accordance with:The Approved Plans; Standard Drawings; County and Agency Specifications along with directions and requests from the County Inspector,Agency inspectors, survey staking and the materials testing consultants. I also personally delivered all material test results to the County inspector(Ms. Kelly Jenkins) at her request. Should there be any questions or if I could further assist in any manner, please contact me. Sincerely, L. J. Bouldin President STF Land Development Consultants, Inc. Left Hand Water District December 29, 2005 Robert Bulthaup 6297 S. Potomac Way Centennial, CO 80111 Re: Highland Farms TO WHOM IT MAY CONCERN: The above referenced project has satisfactorily passed all necessary tests and inspections, and the required documents and drawings have been received. Therefore, the two-year warranty period to be provided by the developer shall commence as of December 23,2005 . Thank you. Sincerely, Kath A. Peterson District Manager cc: Connie F. Todd P. Chris S. Left Hand Water District Mour+ry,N MOUNTAIN VIEW FIRE PROTECTION DISTRICT Administrative Office: p^^^:I✓✓✓�L� s 9119 County Line Road• Longmont, CO 80501 (303) 772-0710• FAX (303) 651-7702 VIEW January 30. 2006 Ms. Jacqueline Hatch Weld County Planning Department 918 West 10th Street Greeley, CO 80631 Dear Ms. Hatch: This letter is written with regard to the Highland Farms Subdivision located south and adjacent to Highway 52 approximately'/,mile east of Weld County Road 3. A fire flow test was conducted on January 27. 2006. The flow test indicates that there is approximately 2,500 gallons per minute available at 20 pounds per square inch. This fire flow will provide adequate fire protection for homes up to 9,400 gross square feet in size. The Fire District still requests that streets be marked with permanent signs showing the street name. This had not been completed at the time we conducted the flow test last Friday. The applicant still needs to provide to the Fire District an eight and one half-inch by eleven-inch map of the subdivision showing the street configuration, street names, hydrant locations and addresses of the lots if available. We appreciate being involved in the planning process. should you have any questions, please contact me at(303) 772-0710. Sincerely. _ I -- A c LuAnn Penfold Fire Marshal LMP/lp cc: Jerry Bouldin- 303-485-1017 project file Ip01.25.06 • Station 1 Station 2 Station 3 Station 4 Station 5 Station 6 Station 7 9119 Cnty Line Rd. 14308 Mead St.,Unit B P.O.Box 575 P.O.Box 11 10911 Dobbin Run 50 Bonanza Dr. P.O.Box 40 Longmont.CO Longmont,CO 299 Palmer Ave. 8500 Niwot Road Lafayette,CO Erie,CO 100 So.Forest St. 80501 80504 Mead,CO 80542 Niwot,CO 80544 80026 80516 Dacono,CO 80514 IspuNTA,4, MOUNTAIN VIEW FIRE PROTECTION DISTRICT Administrative Office: 9119 County Line Road• Longmont, CO 80501 (303) 772-0710• FAX (303) 651-77Fia 1ning Department field County vies FEB 2 3 9005 February 17, 2006 Ms. Jacqueline Hatch Weld County Planning Department 918 West 10th Street Greeley, CO 80631 Dear Ms. Hatch: This letter is written with regard to the Highland Farms Subdivision located south and adjacent to Highway 52 approximately Y.mile east of Weld County Road 3. The applicant has met all requirements of the Fire District. We appreciate being involved in the planning process, should you have any questions, please contact me at (303) 772-0710. Sincerely, LuAnn Penfold Fire Marshal • LMP/lp cc: Jerry Bouldin—303-485-1017 project file Ip02.16.06 Station 1 Station 2 Station 3 Station 4 Station 5 Station 6 Station 7 9119 Cnty Line Rd. 14308 Mead St.,Unit B P.O.Box 575 P.O.Box 11 10911 Dobbin Run 50 Bonanza Dr. P.O.Box 40 Longmont,CO Longmont,CO 299 Palmer Ave. 8500 Niwot Road Lafayette,CO Erie,CO 100 So.Forest St. 80501 80504 Mead,CO 80542 Niwot,CO 80544 80026 80516 Dacono,CO 80514 to, w s 3 B f ir 4 r ! �� iti /S a III B. -la rr g6 LL I ti • I g6$$$$ p I sxIt I 1 I �. - iii 1 a , III ® , S E l !6 ii It r _ .� I I! > i - t - •72 i ill ii a i 31 O. i p ' ±Y I . 1 , % itI A -I5 q ! ,li 4 F '4 a b I A Tr II i•�•S ;Y Y 1 4 wax d. F I1, I is k: i �� .. or la ,�` M 15 i p, a <143i I 4 I It' (9 GIs a " I 1 E I fit S�,i I .l 5a =E l _ f it. • Iv " I1 /'I :� e pea ROMROMUMWUMW _. 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'- O 4 .. `E - lo I 4 : g �e I no ia - €sa s e '5 I ' ' 3 eg VII I Idi P ; sl ' 6. iSi Erd I'E 1 ird° a= 1 C It Id i€ I� g'-. i , ° i g s a i d 4 e. I Ca a 7 j €e w' cr $d1 � ;O i s � 1 ; $i ter. I, rIl L 1 ad ti z : ggQ � g1 0 m �i5 VIII "IA; - J �� qIO3 .� dI`gq' V n a g�rr4 F Z �6 dd S� —� a_ � g!g E 1� $p5 _ ;,—� vPdd Art d2 i�€d © — z CLERK TO THE BOARD PHONE (970) 336-7215, Ext. 4225 FAX: (970) 352-0242 P. O. BOX 758 0 GREELEY, COLORADO 80632 COLORADO March 31, 2006 Highland Acquisition Group, LLC c/o Robert Bulthaup 6297 South Potomac Way Centennial, Colorado 80111 RE: Partial Cancellation and release of Collateral To Whom It May Concern: Attached hereto please find a copy of the Board of County Commissioner's Resolution approving the partial cancellation and release of collateral in the amount of $335,357.95, as referenced above. Enclosed is the Weld County Warrant, plus interest of $8,523.68, in the amount of $343,881.63. If you have questions or need additional information, please do not hesitate to contact me at(970) 356-4000, Extension 4227. Very truly yours, BOARD OF COUNTY COMMISSIONERS � • /^ By:47-tile /t% Donna J. Bec " � ,, er Deputy Clerk to the Board Y, ....._,_. OVERNIGHT RATE HISTORY -WELLS FAR BANK ;c a • ) ?2 5 + , Target T rget Amt. rec'd I II(� 0 • i_43 -15 + Month Rate if Fed Fund Fe Fund vs. FF Rate 0 • ,1 55 + Received** Rate plus 65 BP plus 65 BP 0 • 0 . 1 5 + Year 2005 / 4 January 2.90% /,you 2.25% 2.90% - 0 - 04 + February 3.03% 20;, , 2.25% 2.90%1 0.13 !) • 0 4 + March 3.15% % fl< 2.50% / 3.15% - 0 . 0 4 23 + April 3.65% )ou 2.75% 3.40% 0.25 0 • a '4,5 + May 3.65% 1.Uv 2.75% r 3.40% 0.25 U • 3 J 5 +: June 3.75% /.7'3.00% 3.65% 0.10 July / 4.02% /i y ' 3.90% 0.12 August g� '/ 1 'v %L'S 3.90% I . /c u 3.25% 3.90% - 3 • 3.)V September 4.40% I / 2 ( 3.50% ,I 4.15% 0.25 #41441-rHS 0 • = October 4.65% /J U 3:75% i 4.40% 0.25 0 • '7 3 4 1 2 5 ae November 4.65% IS 4.00% I 4.65% - December 4.65% if 4.00%; 4.65% Year 2006 3313125 x January 4.65% i Sm-' 4.25% 4.90% (0.25) 33? ' 3 3 / • 9 5 = February ' 3 i 3/ 5.15% .1 C 4.50% 5.15% - 11-.? i 7 • 2 13 4 * March tar April 12i '/ 3 i • ;21 !_4 - May June /Ylwt ) 1 2 • = July 1 ii)-57 . 45JI53 * August September 1 i 0 S:i • /i J i i °;3 x October November 3 Z I net un �, t3 • = December / 3.-C-1 u i '5,13 • °J ii 1 2'%'f a; 3 n I y .O4 ** - Represents actual Fed Fund rate plus 65 BP which is rate relected in Overnight Fur C 1:4,2-1/I l p lidtle r r �' -� v... 3 s. --f t"---- 'Th } ft � �i WARRANT NUMSER 3195250 Weld"'Ont.'.ICE O fUCo :DISCOUTr OR ADDITIONAL NET TOR REW RENCEH DNAU AMOfiE DEDUCTIONS '. „Du UNT AMOUNT of EEv�r.NCE oATE AMouNT 2006-0812 03/31/06 343,881 .63 .00 .00 343,881 .63 REMOVE DOCUMENT ALONG THIS PERFORATION i i THIS ••CUMENT IS RANTER IN TW• COO^.S.rl• 9NT"CCE TU9LESS :LUE AN• •WN AP rrrr �I" i e�1 P b rUnmER 3195250 oq*Pr*dnessm g a tl e By OrderOf 1tiP.Oerd Of County t" mm's onere THE rAsuRv afl ��•BOM^/5'8 APvnd gATeo TxmeroR uno NI a,ARGENOLETfl( 3 3 (970)356=4000 FAX:(970)352-0242 PA; ACTA it T•RFOF�SAIU COTSN')'Y BATE 03/31/06 VOD)If NOT CASRm IN 03 DAYS 8 8 C T�x�1,�aF>,+rTelaTmo3w�RDR�aE;smrnR�Dal..3Anas:xiv , .. ,. / _ m PAY TO THE ORDER OF "" C°°'A E r 3 ` GHA RM ��-• AW 3 QMFAS ,,}[fGdgiAND�ACQUfSTIOPLGROUP,LLC � ;.00 ROBERT KELSEY: «6197 SOUTLPO`COMAC WAY �' /`� 1 "� 03 195 2 5OO I: LO 2 100918i: 80 L 27OO848O Hello