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HomeMy WebLinkAbout20042416.tiff LANNED UNIT DEVELOPMENT CHANGE OF ZONE APPLICATION PLANNING DEPARTMENT USE ONLY: Case Number Application Fee: Zoning District Receipt Number Date Application Checked By: Planner Assigned to Case: To BE COMPLETED BY THE APPLICANT: (Print or type only except for required signatures). I(we), the undersigned,hereby request hearings before the Weld County Planning Commission and the Board of County Commissioners concerning the proposed PUD rezoning of the following described unincorporated area of Weld County. LEGAL DESCRIPTION: 5ee /414,14 c-4 et) t7oc cg, /soJ /2/G111 ,:w Ov✓ ?et/ o/--> € &Pet) (If additional space is required, attach an additional sheet of this same size or a campy of,the PARCEL NUMBER: / y7 Q -7.1 a f JZQ 4,1 (12 digit number-found on TAX I.D. or obtained at the Assessor's Office) / NAME OF PROPOSED PUD SUBDIVISION //&841/7 /k1*2V6 ?,&w'CA EXISTING ZONING '-l/o rr7 <c es/ e 4ROPOSED ZONING 7>u b c/c) . TOTAL ACREAGE 3 9. 697 OVERLAY DISTRICTS PROPOSED DEVELOPMENT GUIDE SUBMITTAL (Specific or Conceptual) *eC/,</G PROPERTY OWNERS OF AREA PROPOSED FOR PUD REZONING: /// NAME 576i✓aSo,',asw, zograi-s .reveLvizzed/ 1 I C PHONE 303 6)/9-05-,,C) ADDRESS 3pr/o S Nec C.orwte idr /.4e6.41,04,O, to Sfod 21 NAME PHONE ADDRESS APPLICANT OR AUTHORIZED AGENT (if different than above,''�)/ NAME .��FFC9E5&V )6/i 05- 0 0,e) y</ v' 1.(47/yfoal:c(303715 — 756r? ADDRESS�jOyC 5• n/euJ(caebc Wry G.vteeyc1-o40 $ci)J7 HOME TELEPHONE (303)%7--€776 7 BUSINESS TELEPHONE('X73)6/9-COS' G7 * If agent is different from the property owner, please submit written documentation from the property owner authorizing said agent to represent the owner. 7 O ner or Authorized Agent EXHIBIT 14 2004-2416 E. WAYNE WENTWORTH, P. E. CIVIL ENGINEERING DESIGN March 4, 2004 Ms . Sheri Lockman, Planner Department of Planning Services Weld County Administrative Offices 1555 N. 17th Avenue Greeley, CO 80631 RE: Nesting Crane Ranch PUD Change of Zone Application Dear Ms . Lockman: Herewith transmitted is the application for the subject project and all of the supporting information that we understand, from meeting and phone conversation with you, needs to be submitted with the application. The submittal packet consists of: Change of Zone Application Legal description of the property A letter from a Certified Professional Landman addressing the mineral rights An Affidavit Of Interest Owners Minerals and/or Subsurface A Change of Zone Plat A memorandum addressing the Specific Development Guide A copy of the receipt showing the taxes have been paid A copy of a quit claim deed showing all interest in the land and the minerals being transferred to Stenerson, Olson and Lowrey Development, LLC, the applicants . ,e^ A certified list of all land owners within 500 feet 202 MAIN STREET, SUITE 3 • LONGMONT, CO 80501-5915 . (303) 772-1177 • FAX (303) 772-8553 Page 2 Ms . Lockman A Change of Zone Landscaping Plan A copy of the CDOT highway access permit for the property A copy of an extension letter from the Long' s Peak Water District concerning commitment for service . As a part of this application, the developers are requesting that the County reopen Eastland Road to public use for use as an emergency access only. We believe that the county has the authority to do so, based on our research and research by the developers' legal counsel . The road would be built by the developer to fire department standards and maintained by the Nesting Crane Ranch PUD Homeowners' Association. If you have any questions, or require additional information, please feel free to contact us at your convenience. Sincerely, c-, E. W e Wentworth, P.E. for Stenerson, Olson & Lowrey Development, LLC nccovl.ewu E. WAYNE WENTWORTH, P. E. CIVIL ENGINEERING DESIGN March 4 , 2004 Ms . Sheri Lockman, Planner Department of Planning Services Weld County Administrative Offices 1555 N. 17th Avenue Greeley, CO 80631 RE: Nesting Crane Ranch PUD Change of Zone Application Dear Ms . Lockman: Enclosed you will find the responses and current changes made to satisfy the sketch plan comments made by Weld County staff in your letter following the sketch plan review process . The site under review is currently zoned R-1 Low Density Residential (see Book 646, Rec . # 1567619, May 11, 1971) . The location of the property is south of and adjacent to State Highway 66 , 1/2 mile east of Weld County Road 1. The site does not contain any improvements . The Planned Unit Development (PUD) Change of Zone Plan proposes a development of nine lots on the 39 . 64 acres with the lots ranging in size from 2 . 5 acres to 5 . 8 acres . It is the intention of the developers to follow the estate zoning requirements set forth in the County regulations . The proposal contains the required open space acreage on outlots A, B and C (15 . 79%) . The lots are large enough to dedicate the required area for a second future septic system. Adherence to Chapter 22 : Goal 1- "Preserve prime farmland for agricultural purposes . . . . " The land is presently zoned R-1 Low Density Residential . The developers are proposing to drastically reduce the number of lots to only nine . Goal 2- Requires adequate facilities and services . This is all addressed in the specific development guide . 202 MAIN STREET, SUITE 3 • LONGMONT, CO 80501.5915 • (303) 772.1177 • FAX (303) 772.8553 Page 2 Ms . Lockman Goal 3 - "Discourage urban-scale residential development . . . . " Again, we refer to the fact that the present zoning of the property would allow for a much higher density than the developers are requesting. The developers have been in contact with the Longs Peak Water District and are working on all required service agreements . Please see commitment letter in application packet . The developers own 10 shares of Starbird Ditch Company and 5 shares of Big Thompson water. The ditch water will not be used on this property due to logistics involved with having to pump, etc. The property will have no agricultural basis to it . The Big Thompson water will be turned over to the water district which will provide all potable and irrigation water. Each home will have a fire sprinkler system to satisfy Moun- tain View Fire Protection Districts requirements . We have discussed this with the fire district and will have this requirement in the Nesting Crane Ranch PUD covenants . Design of the water lines, street layout, hydrant locations, etc . will be provided to the Fire District for review prior to submittal for final plat . The final plat plans will show two designated septic system areas per the County Health Department requirements .The second absorption field envelope shall be preserved in a manner that will allow for its future use. All septic system envelopes shall meet all setback requirements . There will not be any irrigation ditches on the property. Language for the preservation of the second absorption fields envelope will be placed in the covenants . Language will indicate that activities such as landscaping and construction activities shall be prohibited in the absorption field envelopes . The developers are requesting that the County open Eastland Road to the public for an emergency access only to satisfy the Fire District' s requirement on length of cul-de-sacs . The alignment we are proposing meets their codes . We have met with the Fire District and reviewed the plans with them. The emergency access will be gated in some manner and a knox box, required by the Fire District for their use, will be placed at the property line at the emergency access point . The equestrian trail has been eliminated from this proposal . There will not be a retention pond on the site . The drainage design will incorporate a detention pond that will meet the county' s requirements for releasing at historic rates . Page 3 Ms . Lockman There are no electric transmission lines on this site. The lots have been numbered sequentially and the minimum lot size is 2 . 5 acres . In conclusion, we have addressed all of the comments that arose during the sketch plan review. If you have any questions or require additional information, please feel free to contact us at your convenience. Sincerely, E. Wayne Wentworth, P.E. for Stenerson, Olson & Lowrey Development, LLC nncov2.eww COLORADO DEPARTMENT OF TRANSPORTATION STATE HIGHWAY ACCESS PERMIT CDOT Permit No. 401123 State Highway No/Me/Side Pt fee 66A/039.440/R Date of transmittal I Region/Section/Patrol Local Jurisdiction 100.00 12/19/2001 04/01/09 Weld County The Permittee(s); Applicant; Ref No. 2001 Kimberly Stenerson&Jamie Pearson SAME 6364 Clearview Road Boulder, CO 80303 303-494-4638 is hereby granted permission to have an access to the state highway at the location noted below.The access shall be constructed,maintained and used in accordance with this permit,including the State Highway Access Code and any attachments,terms,conditions and exhibits.This permit may be revoked by the issuing authority if at any time the permitted access and its use violate any parts of this permit.The issuing authority,the Department and their duly appointed agents and employees shall be held harmless against any action for personal injury or property damage sustained by reason of the exercise of the permit. Location: The access is to be located on State Highway 66,a distance of 2,345 feet east from Mile Post 39 on the south/right side. Access to Provide Service to: Single-Family Detached Housing 9 Each 100.00 % Other terms and conditions: See Attached Pages 2 and 3 and Other Enclosures for Additional Terms and Conditions. • Only one access is allowed for this parcel. • The existing westmost access shall be removed. MUNICIPALITY OR COUNTY APPROVAL Required only when the appropriate local authority retains issuing authority. By Date Title (r) ;:Nun the signing of this permit the permittee agrees to the terms and conditions and referenced attachments contained herein. All construction shall be completed in an expeditious and safe manner and shall be finished within 45 days from Initiation.The permitted access shall be completed in accordance with the terms and conditions of the permit prior to being used. The permittee shall notify Arden Nicodemus with the Colorado Department of Transportation In Longmont at 303- 442-4382 at least 48 hours prior to commencing construction within the State Highway right-of-way. The person signing the permittee must be the owner or legal representative of the property served by the permitted access and have full authority to accept i to a .nditions. Permltt (x) Date 0/- OQ-02 This permit is not valid until signed by a duly authorized representative of the Department. COLORADO DEPARTMENT OF TRANSPORTATION By ^n Date(of issue) I( J _ Title (X, {�j to 0.3L1_ I/29/oz Assistant Access Manager Copy Ql trbutlon: Required: Make copies as necessary for Previous millions ere obsolete and t.Region Local Authority Inspector may net 1 8/98 2.Applicant MICE Patrol Traffic Engineer CDOT Form e1e1 B/98 3.Stat Access Section Nesting Crane Ranch Legal Parcel I The W1/2 W1/2 NE 1/4 of Township 3 North, Range 68 West of the 6th P.M., I Section 30, Weld County, Colorado, Excepting therefrom that portion deeded to the Department of Highways, State of Colorado by Deed recorded May 17, 1960 in `, Book 1558 at page 165, described as follows: A tract or parcel of Land, No. 12 of Grantee's Project No. 50054 (5) in the N1/2 of the NE 1/4 of Section 30, Township 3 North, Range 68 West, of the 6th P.M., Weld County, Colorado, said tract or parcel being more particularly described as follows: Beginning at a point on the east line of Section 30, Township 3 North, Range 68 West, from which the NE corner of Section 30 bears N 0°12' West, a distance of 33.0 feet; 1. Thence along the east line of Section 30, North 0°12' West, a distance of 33.0 feet to the NE corner of Section 30; 2. Thence along the north line of Section 30, South 89°15' West, a distance of 2,652.6 feet to the NW corner of the NE 1/4 of Section 30; 3. Thence along the west line of the NE 1/4 of Section 30, South 0°14' East, a distance of 53.0 feet; 4. Thence North 89°23' East, a distance of 89.9 feet; 5. Thence North 88°48' East a distance of 2,562.9 feet, more or less, to the point of beginning. Together with five (5) acre foot units of water as allocated by the Northern Colorado Water Conservancy District and all of grantor's rights in and to the Starbird Lateral Ditch Company. LAND consultants Land use • Analysis • Negotiation • Development * * * MEMORANDUM * * * TO: Honorable Chairperson and Members of the Weld County Planning Commission SUBJ: Nesting Crane Planned Unit Development FROM: LAND consultants, Michael B. McDonough, AICP • = ) DATE: March 4, 2004 It is with great pleasure that we present the Nesting Crane Planned Unit Development to you as it interfaces with the Eight Major Components of Development Guide. We have presented each component as it is stated in Chapter 27 of the Weld County Land Development Code and have provided our response, where required, in italics. We have striven to address each and every applicable criterium in a positive manner in an attempt to ensure that the proposed development will be a proud and attractive addition to Weld County. These are our responses: Sec. 27-6-30. Major components of development guide. The development guide consists of eight (8) major components of the PUD development, as follows: I. Environmental impacts. 5. Common open space usage 2. Service provision impacts. 6. Proposed signage. 3. Landscaping elements. 7. MUD impacts. 4. Site design. 8. Intergovernmental agreement impacts. Sec. 27-6-40. Component One - Environmental Impacts. It is the intent of Component One to identify and isolate any possible impacts the proposed use may have upon the environment on the site, as well as on neighboring sites. The applicant hereby submits (in italics) an explanatory statement as to how the PUD development will plan for and accommodate the following impacts: 1. Noise and vibration. The only noise and vibrations will be present during the construction period. Upon completion of construction, there will be no noise or vibration evident on the site. 2. Smoke, dust and odors. This impact is typically associated with non-residential uses. There are none of these on the site. 3. Heat, light and glare. These impacts are typically associated with non-residential uses except for glare. Assuming the use of solar collectors, buildings will be oriented to eliminate any glare associated with their use. 436 Pratt Street • Longmont, Colorado 80501 • 303-776-3147 • 4. Visual/aesthetic impacts. We anticipate that dedication of open space along the State Highway 66 frontage and establishment of carefully designed landscaping will create a positive impact by the project. Protective covenants will be drafted in such a way as to ensure that all buildings will meet the architectural review criteria. This will ensure that all buildings are built in accordance with locally accepted architectural design principles. 5. Electrical interference. There are no electric transmission lines in or near this development. 6. Water pollution. All runoff will be contained within the site for enough time for siltation to have taken place and the water is to be engineered to be released at historical rates. Septic systems are planned for sanitary sewer collection and treatment. 7. Wastewater disposal. Planned are septic systems for the nine residences. 8. Wetland removal. N/A 9. Erosion and sedimentation. During the construction phase all erosion and sedimentation will be controlled through the use of siltation fencing. After construction, all common open areas will be landscaped to minimize erosion and sedimentation. 10. Excavating, filling and grading. It is intended that the engineering will minimize cut and fill requirements. 11. Drilling, ditching and dredging. N/A 12. Air pollution. Fugitive dust will be eliminated through treatment by regular watering trucks throughout the construction period. 13. Solid waste. Solid waste will be dealt with in the covenants requiring containment and concealment of all solid waste until the day of pick-up. 14. Wildlife removal. There is no evidence of wildlife or migratory patterns on the site. 15. Natural vegetation removal. Most of the natural vegetation is sage and native grasses which will be retained in all areas not planted with lawns or common open space areas where xeriscaping techniques will be encouraged 16. Radiation/radioactive material. There will be no impacts from radiation or radioactive materials. 17. Drinking water source. Longs Peak Water District is the potable water supplier. 18. Traffic impacts. Using the most liberal IIL trip generation factor for residential uses of 10 trips per day, this development will generate only 90 trips per day. Sec. 27-6-50. Component Two - service provision impacts. It is the intent of Component Two to ensure that service provisions to the site have been adequately planned for and are available to serve the site now and into the future. The applicant hereby submits an explanatory statement as to how the PUD development will plan for and accommodate the following impacts: 1. Schools. According to Scott Toillion—planner for the St. Vrain Valley School District— the pupil generation factors for single family homes in Weld County are .35 for elementary, .l4 for middle school, and.17 for high school. This development will contain 9 residences which will generate 3.15 elementary school students, 1.26 middle school students, and 1.53 high school students. The developers are in negotiations with the school district for a cash-in-lieu arrangement. 2. Law enforcement. Law enforcement will be provided by the Weld County Sheriff. 3. Fire protection. Fire protection will be provided by the Mountain View Fire Protection District whose nearest station is in Mead. 4. Ambulance. Ambulance service will be provided by Primerica under contract with Weld County. 5. Transportation (including circulation and roadways) - A description of the functional classification, width and structural capacity of the street and highway facilities which provide access to the PUD Zone District. If the street or highway facilities providing access to the PUD Zone District are not adequate to meet the requirements of the proposed district, the applicant shall supply information which demonstrates the willingness and financial capability to upgrade the street or highway facilities in conformance with Sections 22-3-615 through i2-3-19J),.of this Code. This shall be shown by submitting, with the PUD application, a separate improvements agreement describing the proposed road improvements and method of guaranteeing installation of said improvements in conformance with the County policy on collateral for improvements. The agreement shall be used for the purposes of review, evaluation and compliance with this Section. Traffic from the Nesting Crane PUD will route from the interior street directly onto State Highway 66. CDOT has issued a permit for this access(copy included with application). The permit does not require any improvements to Highway 66, such as turn lanes, accel-decel lanes, etc. The interior street will be designed to Weld County Public Works Department specifications. 6. A. Traffic impact analysis prepared by a registered professional engineer competent in traffic engineering shall be provided by the developer, unless specifically waived by the Department of Public Works. This requirement has been specifically waived by the Weld County Department of Public Works. 7. Storm drainage - All development within a PUD Zone District shall adhere to the storm drainage design and technical criteria regulations in Section 24-7-130 of this Code. The historic stormwater drainage patterns "' and runoff amounts will be maintained. The developer will be required to submit a detailed engineering study, from a Colorado licensed engineer, that shows both the undeveloped and developed drainage patterns. The drainage study shall track the route of off-site discharge until it reaches a natural drainage course such as a creek or river. Off-site discharge shall not damage downstream property, roads or bridges. The developer will be required to mitigate any downstream impacts caused by said development. The stormwater drainage study may be waived by Public Works based upon the proposed impacts and intensity of the PUD. A preliminary drainage report and plan have been prepared for the site that maintains the historic stormwater drainage patterns per county requirements. A final report and drainage plan will be submitted with the PUD Final Plat process. 8. Utility provisions - A description and statement from the representative of the provider of the utilities which demonstrates that there are adequate utility provisions available to serve the development. This information has been provided. 9. Water provisions - A description of the water source and system and a statement from the representative of the provider of the water system which demonstrates that the water supply quality and quantity are sufficient to meet the requirements of the uses within the PUD Zone District. This information has been provided. 10. Sewage disposal provisions—All nine residences will be provided with separate septic systems. 11. Structural Road Improvements Plan. Adjacent roadways shall be designed to meet the full typical section specified in the County Transportation Plan and Chapter 24 of this Code. Improvements may include the construction of travel lanes, shoulders, bike lanes, medians, curb, gutter and sidewalks, for example. Required improvements may also include the acquisition of right-of-way and construction easements that will be dedicated to the public. Improvements attributed to the development shall be consistent with the direct impact a particular development has on the County road system as determined by a professional transportation study. The road improvements agreement and roadway construction plans shall be considered by the Board of County Commissioners. (Weld County Code Ordinance 2001-1) Please see Item 5 above. Sec. 27-6-60. Component Three -Landscaping Elements. A. Intent. The intent of the landscape plan is to ensure that the landscaping and aesthetics of the site are compatible to that of surrounding land uses and that the site will provide and maintain an increased sense of place for those inside of the development. The landscape plan shall provide clear and supported information both by written statements and graphic representations. The information will provide an ample quantity and variety of the ornamental plant species which are regarded as suitable for this climate. Landscape treatment will be balanced with both evergreen and deciduous plant material with sufficient use of upright species for vertical control. Plant material selection will be reviewed for adaptability to physical conditions of the site plan. B. Duties of the Department of Planning Services. The Department of Planning Services will be responsible for evaluating the landscaping elements of the PUD for compatibility with Chapters 22, 23, 24 and 26 of this Code. The Department of Planning Services will utilize the development guide for evaluating all landscape issues associated with the proposed change of zone. The applicant shall submit the following information: 1. A landscape plan in accordance with Section 27-9-30 of this Chapter. This information has been provided. 2. A statement which describes any proposed treatment, buffering or screening between uses, buildings or structures in order to achieve compatibility, and a statement which describes the proposed treatment of the perimeter of the PUD, including materials and techniques used, such as screens, fences, walls, berms and other landscaping. Please see landscape plan. 3. A maintenance schedule for all landscaping elements on site, delineating the care, management and maintenance of the proposed landscaping. Please see landscape plan. 4. A proposed on-site improvements agreement for the proposed landscaping shall be submitted to the Department of Planning Services. Please see landscape plan. 5. The applicant shall submit evidence that there is adequate water to sustain and maintain the landscaping proposed in the landscape plan. In determining whether available water resources are adequate to sustain and maintain the proposed landscaping, the Department of Planning Services may require the applicant to submit written assurance of such adequacy from a water resource professional or agronomist. Please see letter from water district. Sec. 27-6-70. Component Four - site design. A. Intent. The intent of Component Four is to ensure that the PUD is established with consideration to the site's advantages and limitations, as well as the Planned Unit Development-Development Guide Requirements Sec. 27-6-70 compatibility of the development to adjacent sites. The design of the site should consider all existing features, both natural and man-made, to determine those inherent qualities that give the site and the surrounding area its character. B. Duties of the Department of Planning Services. The Department of Planning Services and Department of Public Works will evaluate site design based upon Chapters 22, 23, 24 and 26 of this Code. The development guide will provide an explanatory statement as to how the PUD development will adequately accommodate unique site factors for the site and the surrounding area. The following information shall be provided: 1. A statement describing any features unique to the site, such as topography and irrigation ditches. The property gradually slopes east to west. There are no other unique features. 2. A statement which demonstrates how the proposed PUD rezoning is consistent with the goals and policies of Chapter 22 of this Code. The property is proposed to be rezoned from RI—single family residential to Planned Unit Development with the intent of following standards for estate zoned lots. 3. A statement which demonstrates how the uses allowed by the proposed PUD rezoning will be compatible within the PUD Zone District. In addition, a detailed description of how any conflicts between land uses within the PUD Zone District are being avoided or mitigated and can comply with the performance standards. The uses within this PUD district will be nine upscale residences. As such, compatibility will be assured We anticipate no conflicts. 4. A statement which demonstrates how the uses allowed by the proposed PUD rezoning will be compatible with land uses surrounding the PUD Zone District, including a detailed description of how any conflicts between land uses surrounding the PUD Zone District will be avoided or mitigated. The nearest development is to the west consisting of single family residences on minimum one acre lots. We anticipate no conflicts in either use or compatibility. 5. If the proposed change of zone is located within a Flood Hazard, Geologic Hazard or Airport Overlay District, as identified by maps officially adopted by the County, the applicant shall submit information which documents how the applicant intends to meet the requirements of the County Supplementary Regulations concerning floodplain and/or floodway, geological hazard and/or airport overlay districts. This application is for apiece of property which is not located in a Flood Hazard, Geologic Hazard nor Airport Overlay District. Sec. 27-6-80. Component Five - Common Open Space Usage. A. Intent. Common open space is an essential community asset and an important component of a development's design. Common open space attempts to preserve ecologically important environments, provides attractive views and space for recreational activities and buffers the development from other land uses. The intent of Component Five is to ensure that each development provides an appropriate amount and type of open space within the site. B. Open Space Regulations. Common open space is intended to establish a sense of community and increase the quality and uniqueness of each site. Open space provides enjoyable space while adequately buffering various uses. 1. Common open space restrictions will be permanent and not for a period of years. 2. The homeowners organization will be established before any residences are sold. 3. Membership in the organization is mandatory for each residence owner. 4. The homeowners organization is responsible for liability insurance, taxes and maintenance of open space and recreational and other facilities. 5. The organization will have the power to levy assessments which can become a lien on individual premises for the purpose of applying the cost of operating and maintaining common facilities. 6. If the organization established to own and maintain common open space, or any successor organization fails to maintain the common open space in reasonable order and condition in accordance with the approved PUD final plan, the following action may be taken: a. The cost of such maintenance by the Board of County Commissioners shall be paid by the owners of the properties within the PUD that have a right of enjoyment of the common open space, and any unpaid assessments shall become a tax lien on said properties, pursuant to Section 24-67-105, C.R.S. b. If the deficiencies set forth in the original notice or in the modifications thereof are not rectified within thirty(30) days or any extension thereof, the Board of County Commissioners, in order to preserve the values of the properties within the PUD and to prevent the common open space from becoming a public nuisance, may enter upon said common open space and maintain the same for a period of one (1)year. Said entry and maintenance shall not vest in the public any rights to use the common open space except when the same is voluntarily dedicated to the public by the owners and accepted by the Board of County Commissioners. Before the expiration of said one-year period, the Board of County Commissioners shall hold a public hearing to consider the necessity of continuing such maintenance for a succeeding year. Notice of the hearing shall be given, in writing, not less than thirty(30) days and not more than sixty (60) days prior to this hearing to the organization normally responsible for the maintenance of the common open space and to the owners or residents of the PUD. If the Board of County Commissioners determines that such organization is not ready and able to maintain said common open space in reasonable condition, the Board may continue to maintain said common open space during the next succeeding year, and shall be subject to a similar hearing and determination in each year thereafter. 7. MI PUDs containing a residential element shall provide for a fifteen percent (15%) common open space allocation, unless otherwise stated in Chapter 26 of this Code. Departure from this standard will be considered and may be approved by the Department of Planning Services staff as long as the intent of this Chapter and Chapter 26 have been met. This development is providing 15.79% common open space. 8. MI PUDs may apply for a greater density and have reduced common open space when applying the cash-in-lieu alternative listed herein. a. In lieu of the preservation of land for common open space and subject to the discretion of the Board of County Commissioners, the applicant has the option of paying to a public entity approved by the County an amount equal to a proportionate share of the market value of the overall property under development consideration at the time of the final plat<or dedicating an equal number of acres at a different site Such public entity shall possess the authority to hold land for public purposes. Should the developer select to purchase land for reduced on-site common open space, the land shall be purchased within the MUD area, or an alternative site designated by the Board of County Commissioners. Such alternative sites shall include, but not be limited to land preservation activities and trail easements outlined in regionally accepted master plans. b, The required acreage may be determined according to the overall common open space requirement reduction. Such open space shall be dedicated to a public agency for one (1) or more essential public purposes. Any area so dedicated shall be approved by the proper public agency and shall be maintained by the public agency. The required acreage as determined may be reserved through deed restrictions as open area, the maintenance of which shall be ensured by specific obligations in the deed of each lot within the subdivision. c. The required acreage shall be determined according to Appendix 26-E. Land shall be dedicated to a public agency for one (1)or more essential public purposes. This option does not provide a complete elimination of common open space within the proposed development. This option does provide a reduced amount of common open space based upon the site features of the applicant site. Individual site features shall also be taken into consideration by the Department of Planning Services upon review of the application. d. Any area so dedicated shall be approved by the proper public agency and shall be maintained by the public agency. A written agreement to this effect shall be provided to the Department of Planning Services at the time the sketch plan application is submitted. The agreement shall indicate the agency's readiness and ability to accept the land dedication or conservation easement. A brief statement regarding the maintenance of the property shall also be provided. Failure to provide this information may result in the Department of Planning Services inability to process the review of the sketch plan application on the subject site. • e. If the in-lieu method chosen by the applicant is the payment of cash, such value shall be determined by a land appraiser with the minimum qualifications of a Certified General Appraiser through the Colorado State Board of Real Estate Appraisers. An appraiser with additional qualifications of a MAI or an ARA is desirable. The applicant shall be responsible for all fees associated with the appraisal. Payment shall be made according to the following formula: The anticipated average retail lot value for all lots in the development/phase shall be multiplied by the percentage of common open space the development is proposing to eliminate. f. The amount collected shall be deposited in a segregated account upon recording the final plat in the Department of Planning Services. g. The amount collected shall be expended within ten (10) years from the collection date for common open space, parks, wildlife preserves, riparian areas, trails or other lands to be preserved. h. Performance standards and bulk standards of the proposed zoning district shall be adhered to. C. Duties of the Department of Planning Services. 1. The Department of Planning Services will be responsible for evaluating the open space usage of the PUD for compatibility with Chapters 22, 23, 24 and 26 of this Code, if applicable. 2. The applicant shall provide a statement detailing how any common open space will be owned, preserved and maintained in perpetuity. As needed, the Planning Commission or its representative shall compare the development to date with the approved construction plan to determine compliance, as follows: a. The construction and provision of all common open space, public utilities and recreational facilities as shown in the application materials and all subsequent plans shall proceed at a rate which is no slower than the construction of residential, commercial or industrial buildings and structures. b. The applicant shall submit an on-site improvements agreement setting forth a plan providing for the installation, permanent care and maintenance of open spaces, recreational areas and commonly owned facilities and parking lots. The same shall be submitted to the County Attorney and shall not be accepted until approved as to legal form and effect. (Weld County Code Ordinance 2001-1) Sec. 27-6-90. Component Six - Signage. A. Intent. Signage has become an increasing issue in the County. While signs serve as important directional, informational and advertising tools, the clustering of signs may obscure the landscape and confuse and distract drivers. The following signage controls are intended to protect and preserve the visual corridors of the roadways within the County while preventing the obstruction of traffic visibility and confusion from improperly placed and designed signs. These provisions control the magnitude, placement and number of signs in the PUD Zone District. B. Duties of the Department of Planning Services. 1. The Department of Planning Services staff shall insure that the intent of this Chapter is carried out through the following sign regulations: a. Sign district regulations in Subsection C below. b. Sign construction standards in Subsection D below. c. Design provisions and requirements in Subsection E below. d. Nonpermitted signs in Subsection F below. e. Nonconforming signs in Subsection G below. 2. The Department of Planning Services staff shall supply to the applicant written findings regarding nonadherence to the sign regulations of this Chapter. C. Sign District Regulations. 1. Signage within a PUD shall adhere to all requirements in this Chapter and Chapters 23 and 26 of this Code, if applicable. 2. No sign shall be erected, enlarged, constructed, reconstructed, relocated, refaced, structurally or otherwise altered in the MUD area without first obtaining a building permit from the Department of Planning Services. 3. No sign shall be erected at or near the intersection of any road or driveway in such a manner as to obstruct free and clear vision of motorists or at any location where, by reason of the position, shape or color, it may interfere with, obstruct the view of or be confused with any authorized traffic sign, signal or device. Signs located at an intersection will be outside of the • sight distance triangle. Signs which could potentially affect vehicle traffic shall be reviewed by the Department of Public Works and the Colorado Department of Transportation, if applicable. 4. No sign other than traffic control signs except as expressly allowed by state statute and permitted by the Colorado Department of Transportation shall be erected, constructed or maintained within, over or upon the right-of-way of any County, state or federal road or highway within the County. 5. MI signs and components, including supports, braces and anchors, shall be of sound structural quality and shall be kept in a state of good repair with a clean and neat appearance throughout the County. If signs are not maintained as described, the Director of Planning or an authorized representative shall have the right to order the repair or removal of any sign which is defective, damaged or deteriorated, or has defects which may include holes, cracks, rotted, loose or missing materials or parts of the sign. D. Sign Construction Standards. 1. All letters, figures, characters or representations maintained in conjunction with, attached to or superimposed upon any sign shall be safely and securely built or attached to the sign structure. 2. Any operable or removable parts of a sign such as a service opening cover or changeable mechanically affixed lettering, logo, insignia or message shall be securely fastened or be provided with safety chains or hinges. 3. Signs shall be constructed to prevent potential hazards to the public. 4. All permanent signs and sign structures in the County shall be designed and constructed in accordance with the Uniform Building Code quality standards as adopted by the County. All electrically illuminated signs shall be designed and constructed to conform with the electrical code as adopted by the County. All signs and sign structures shall be also designed and constructed to comply with the design standards set forth in this Chapter. E. Design Provisions and Requirements for Signs in the PUD Zone District. 1. The owner, or applicant as agent for the owner, shall prepare a set of sign standards for all signs in the development. Such standards shall be included as part of any site plan and included in the covenants approved for the PUD. The size, colors, materials, styles or lettering, appearance of any logo, type of illumination and location shall be set out in such standards. 2. The standards shall be such that signs constructed or maintained under the standards will comply with the sign regulations of the County in the PUD Zone District, and shall be for the purpose of assuring harmony and visual quality throughout a project. 3. Final development plans shall not be approved until the sign standards have been approved by the Department of Planning Services. 4. All signs in development complexes shall be designed and constructed of materials which harmonize with the architecture of the site on which the sign is located. Generally, the use of sign materials the same as or similar to the main building materials used on-site shall be found to provide the required level of design harmony. Design harmony is produced by adhering to the following: a. Marquee, canopy, overhead canopy, under-canopy, projecting or wall signs shall be mounted at least fourteen (14) feet above any driveway and at least nine (9) feet above any walkway over which they are erected. The top line of these signs shall not be higher than the top of the wall, roof eaves or parapet line of the building to which they are attached. b. Detached signs shall not be located in the visual sight triangle. c. Off-site detached signs shall have a minimum setback of twenty-five (25) feet and a minimum offset often (10) feet from the right-of-way. d. On-site identification signs shall have a minimum setback of fifteen(15) feet and a minimum offset of ten (10) feet from the right-of-way. e. Detached signs shall have surrounding landscaping which extends a minimum of three (3) feet from all sides of the sign base. • f. The minimum spacing between signs shall be six hundred (600) feet. g. Signs within the MUD area or urban development node shall adhere to the sign regulations in Chapter 26 of this Code. F. Non-permitted Signs in the PUD Zone District. 1. Roof signs where any sign is mounted and supported wholly upon or over the roof of any structure. For purposes of these regulations, surfaces with slopes less than seventy-five percent (75%)from horizontal shall be considered to be roof surfaces. 2. Motor vehicles, trailers or portable bases with wheels or to which wheels may be readily affixed shall not be used as a sign structure for any signs within the PUD Zone District. 3. Attention-attracting devices are prohibited, including mechanical or electrical appurtenances such as revolving beacons or flashing signs, which are designed to compel attention. This shall not apply to banners used as temporary signs to announce or promote events of civic interest, provided that such banners are attached top and bottom (or two [2] sides) to permanent posts or buildings erected for another purpose, and provided that a building/sign permit is obtained. 4. All temporary signs as allowed in Chapter 23 shall be removed within ten (10) days after the event promoted. 5. Signs or components of signs that change physical position or light intensity by any movement or rotation of the physical sign or components which make up the sign or which give the visual impression of movement or rotation. G. Nonconforming Signs. Every legally established sign in existence on the effective date of these regulations within the PUD Zone District may continue in existence subject to the following: 1. A sign shall not be altered structurally or moved unless it is made to comply with the provisions of these regulations. The changing of the movable parts of an existing sign that is designed for such changes, or the repainting or reposting of display matter, shall not be deemed a structural alteration. 2. The lawful use of a sign existing on the effective date of these regulations, although such sign does not conform to the provisions hereof, may continue; but if such nonconforming use is discontinued for a period of six (6) months or more, such sign shall not be used until it has been made to conform with the provisions of this Chapter. 3. Any sign which has been damaged by fire, wind, explosion or natural disaster to the extent that fifty percent (50%) or more of the construction value or replacement cost of the sign before it was damaged shall be deemed to have been totally destroyed and the sign shall not be restored except in conformity with this Chapter. My sign which has been damaged to an extent less than fifty percent (50%) of the construction value or replacement cost of the sign before it was damaged may be restored to the condition which it existed previously as a nonconforming use prior to its damage. (Weld County Code Ordinance 2001-1) Any signs permitted in this development shall comply with all Weld County requirements regulating same. Intended is one entry-way sign which will be a ground sign no taller than 6'in height set in a landscaped base and constructed in accordance with the currently adopted version of the Uniform Building Code and all applicable construction standards adopted by Weld County. The sign will be set back a minimum of fifteen (15)feet and have a minimum offset of ten (10)feet from the right-of- way so as not to obstruct vision in the required sight distance triangle. The sign will be maintained by the homeowner's association. The sign may be illuminated by indirect lighting aimed to ensure no interference with vehicular traffic. The size, colors, materials, styles or lettering, appearance of any logo, type of illumination and location shall be set forth in standards accompanying the submittal of the final plat and final development plans. Sec. 27-6-100. Component Seven - MUD Impact. A. Intent. The MUD area has been developed to provide high quality development in an urban corridor area within the County and therefore, development in the MUD area is driven by the intensity of the use and the impacts of the use on adjoining neighbors and the community. B. Duties of the Department of Planning Services. When an application is proposed for the MUD area, additional standards will apply. These standards are intended to carry out the intent and goals of Chapter 26 of this Code. The Department of Planning Services will review all PUD proposals for development inside of the MUD area in conjunction with the applicable standards set forth in Chapter 26. Sec. 27-6-110. Component Eight - intergovernmental agreement impacts. A. Intent. Efficient and orderly land development directs PUD developments to locate where urban services exist or can more easily be provided, such as in close proximity to municipalities and within the MUD area. Currently, the County and many municipalities are cooperating in joint planning efforts to achieve a consistent vision for land surrounding municipal boundaries. This coordination is achieved through intergovernmental agreements. We have talked to the City of Longmont Planning Department and they have no objection to this proposal. They will indicate as such in their referral response letter. B. Duties of the Department of Planning Services. When an application is proposed in an area included in an intergovernmental agreement, additional standards and criteria for review will apply. These standards are intended to carry out the intent and goals of the intergovernmental agreement with the affected municipality. The Department of Planning Services will review PUD proposals for development influenced by an intergovernmental agreement area in conjunction Review Criteria For Change of Zone a. That the proposal is consistent with any intergovernmental agreement in effect influencing the PUD and Chapters 19,22,23,24 and 26 of this Code. .— b. That the uses which would be allowed in the proposed PUD will conform with the performance standards of the PUD Zone District contained in Article II of this Chapter. c. That the uses which would be permitted shall be compatible with the existing or future development of the surrounding area as permitted by the existing zoning, and with the future development as projected by Chapter 22 of this Code or master plans of affected municipalities. d. That the PUD Zone District shall be serviced by an adequate water supply and sewage disposal system in compliance with the performance standards in Article II of this Chapter. e. That street or highway facilities providing access to the property are adequate in functional classification, width and structural capacity to meet the traffic requirements of the uses of the proposed PUD Zone District. f In the event the street or highway facilities are not adequate,the applicant shall supply information which demonstrates the willingness and financial capacity to upgrade the street or highway facilities in conformance with the Transportation Section of Chapters 22, 24 and 26 of this Code, if applicable. This shall be shown by submitting with the POO district application a separate proposal for on-site and off-site improvement agreements. This proposal shall describe, in detail, the type of on-site improvements in compliance with Section 24-9-10 and off-site road improvements in compliance with Section 24-9-20 of this Code, to determine if the requirement for street or highway facilities providing access to the property has been satisfied. The method of guarantee shall conform with the County's policy regarding collateral for improvements. g. That there has been compliance with the applicable requirements contained in Chapter 23 regarding overlay districts, commercial mineral deposits and soil conditions on the subject site. h. Consistency exists between the proposed zone district, uses and the specific or conceptual development guide. We believe that this proposal meets or exceeds all of the above criteria. ACCOUNT# R4774286 REAL ESTATE PROPERTY TAX NOTICE^ PARCEL# 120730000044 2003 TAXES DUE IN 2004 WELD COUNTY TREASURER 44 Ott k TAX DISTRICT 2340 P-O.80X 46e tan duplicate GREELE,CO 1002-049e 74,_ TAX •,UTHO'ITV T•X LEVY TEM'TAX CRE.IT WELD COUNTY 22.038 0.564 120.46 LAND 19,342 5,610 WV 'IBRARY 3.249 18.23 SC LDISTREIJ 40374 226.50 NCW WATER 1.000 5.61 V SVW WATER 0.243 1.36 MOUNTAIN VIEW FIRE 7.817 4345 r MTN VIEW FIRE(BOND 0.300 1.68 ST VRAIN SAN 4.925pA I 4.32 TOTAL LEVY NET LEVY—>79.382 .44532 The value of your property for 2004 will not&ant ham GRAND TOTAL 44532 the tt s*urn en dais tat entice unless tke Assessor'; 1 a�ap�� offer suds you a notice of value m May. Propertyownus "'^•Q may appeal lens m hw postmarked Mao Juste 4 2004, Rr 1 4 by or by appearing the Assessesoffre from May 3 to Juste Yap �y� I,2004. P WATER FEES ON THIS ACCOUNT SB 25-In absence of State Legislative Funding, your School General Fund mill levy would have been 65.601 25624-A W2W2NE4 30 368(75R) WELD FIRST HALF FEB 29,2004 722.66 SID.IIA6E_ JUN I.5,2004 4____ PAYMENT APR 30,2014 44532 PROPERTY LOCATION:WELD f/ flake Checks Payable Tor OLSON&LOWREY DEVELOPMENT LW WELD COUNTY TREASURER 3040 S NEWCOMBE WAY POST OATEDCHECICS ARE NOT ACCEPTED n you have sold this OnANN Y please famm d nee statameoa to Doe new moor or mourm ta Ws Sloe macd'psoperoy=Mr LAKEWOOD,CO 80227 TINE OFFICE IS REQUIRED BY LAW TO SEC THE TAX NOTICE TO TIE OWNER OF RECORD- W YOUR `., TAXES ARE PAM BY A MORTGAGE COMPANY KEEP THIS NOTICE FOR YOUR RECORD. RETAIN TOP PORTION FOR IUDM MBXfl& DANIEL F.BERNARD BERNARD LYONS 303-776-9900 RICHARD N.LYONS,II GADDIS p_ KAHN FAX 303-413-1003 JEFFREY J.KAHN lTLill L.7 C1L �HII/�I Mailing address: IOHN W.GADDIS A PROFESSIONAL CORPORATION POST OFFICE BOX 978 BRADLEY A.HALL ATTORNEYS AND COUNSELORS LONGMONT,CO 80502-0978 STEVEN P.JEFFERS WENDY SLEE RUDNIK Street address: ANTON V.DWORAK SECOND FLOOR ADELE L.REESTER 515 KIMBARK STREET MADOLINE E.S.WALLACE EVE I.CANFIELD areester@blglaw.com May 3, 2004 Board of County Commissioners Weld County P.O. Box 458 Greeley, Colorado 80632 Re: Nesting Crane Ranch Dear Commissioners: This Firm represents Stenerson Olson &Lowrey Development, LLC (Developer), which is applying for a Change of Zone for the development of Nesting Crane Ranch. The matter is set for a hearing on June 15, 2004. Nesting Crane Ranch is proposing to utilize Eastland Road in the Seamore Heights subdivision as an emergency access point to the development. Eastland Road was vacated by the Board of County Commissioners (Board); however, there is still an easement along the road. The County has acknowledged this easement. The Developer is requesting that the Board open the access along the easement so that Eastland Road may be utilized as an emergency access for Nesting Crane Ranch. Yours truly, BERNARD,LYONS, GADDIS & KAHN, a Professional Corporation By e Adele L. Reester cc: Jeff Olson Jacqueline Hatch Lee Morrison, Esq. G'\CLIENTS\S\STENK\L-SD 05.03.04.DOC 5/3/04 Weld County Planning Department GREELFY nEFICE DANIEL F.BERNARD BERNARD LYONS RICHARD N.LYONS,II ♦ 7j ��� MAY �' (l ll'�/FAX 303-413-1003 JEFFREY J.KAHN GADDIS & KAHN JOHN W.GADDIS n ading address: BRADLEY A.HALL A PROFESSIONAL CORPORATION K�l r � ICE BOX 978 STEVEN P.JEFFERS ATTORNEYS AND COUNSELORS �r LONGMONT,CO 80502-0978 WENDY SLEE RUDNIK Street address: ANTON V.DWORAK SECOND FLOOR ADELE L.REESTER 515 KIMBARK STREET MADOLINE E.S.WALLACE EVE I.CANFIELD areester@blglaw.com May 3, 2004 Jacqueline Hatch Weld County Department of Planning Services 1555 N. 17th Avenue Greeley, Colorado 80631 Re: Nesting Crane Ranch Dear Ms. Hatch: This Firm represents Stenerson Olson& Lowrey Development, LLC (Developer), which is applying for a Change of Zone for the development of Nesting Crane Ranch. The matter is set for a hearing on June 15, 2004. On April 26, 2004, you requested that the Developer submit a signed agreement with the ditch company regarding use of the ditch water for irrigation of the property. While the Developer has water rights in the ditch, it is a lateral ditch and the Developer has chosen not to utilize these water rights for irrigation purposes and is not seeking to reopen the ditch. There is no requirement that a property owner utilize a lateral ditch for irrigation. Instead, the Developer will be purchasing water taps from the Longs Peak Water District. Therefore, there is no need for the Developer to enter into an agreement with the ditch company. This should satisfy the County's concerns about this item for the Change of Zone. If you have any questions, please give me a call. Yours truly, BERNARD,LYONS, GADDIS & KAHN, a Professional Corporation By ea.(Jl-_ ��-- Adele L. Reester cc: Jeff Olson G:\CLIENTS\S\STENK\L-HATCH 05.03.04.OOC 5/3/04 DANIEL F.BERNARD BERNARD LYONS 303-776-9900 RICHARD N.LYONS,II GADDIS & KAHN FAX 303-013.1003 JEFFREY J.KAHN , JOHN W.GADDIS Mailing address: A PROFESSIONAL CORPORATION POST OFFICE BOX 978 BRADLEY A.HALL ATTORNEYS AND COUNSELORS STEVEN P.JEFFERS LONGMONT,CO 80502-0978 WENDY SLEE RUDNIK ANTON V.DWORAK Street address: ADELE L.REESTER SECOND FLOOR 515 KIMBARK STREET MADOLINE E.S.WALLACE EVE I.CANFIELD Alf May 7, 2004 weld l;rroa t IaRrElrAg [e a ire"hot Jacqueline Hatch NAV f71 ,0 2004 Weld County Department of Planning Services 1555 N. 17th Avenue C C C -D Greeley, Colorado 80631 Re: Nesting Crane Ranch Dear Ms. Hatch: I understand that the County needs additional information regarding the lateral ditch on the development property and any downstream users. William Sipe is the ditch rider who turns ordered irrigation water into the development's lateral ditch, as well as the other users upstream from the subject property. He confirmed that Nesting Crane Ranch is the last user on the lateral ditch. The development's use or non-use of the lateral ditch will have no effect on any other users because there are no other users downstream. If you have any questions,please let me know. Yours truly, BERNARD, LYONS, GADDIS & KAHN, a Professional Corporation By (LitilLee- Adele L. Reester cc: Jeff Olson G:\CLIENTS\S\STENK\L•HATCH 05.07.04.D0C 5/7/04 'RFD-Q4TOKaIt COPE DO TA Dkwllatri STENERSON, OLSON & LOWREY DEVELOPMENT, LUC-caAD°M"'t ,"t "TAIT ARTICLES OF ORGANIZATION Pursuant to §7-80-203, Colorado Revised Statutes (C.R.S.), the individual named below causes these Articles of Organization to be delivered to the Colorado Secretary of State for filing and states as follows: FIRST 2.6031302174 C $ 106.00 Name of Limited Liability Company SECRETARY OF STATE 09-19-21153 15:33:09 The name of the Limited Liability Company is: Stenerson, Olson & Lowrey Development, LLC SECOND Duration The period of duration will be perpetual. THIRD Purpose The limited liability company is organized for any legal and lawful purpose pursuant to the Colorado Limited Liability Company Act. FOURTH Registered Agent The address of the initial registered office of the limited liability company is 3040 South Newcombe Way, Lakewood, Colorado 80227, and the name of its initial registered agent at such address is Jeffrey Olson. FIFTH Business Address Address of the principal place of business: 3040 South Newcombe Way, Lakewood, Colorado 80227. SIXTH Initial Managers Management of Stenerson, Olson & Lowrey Development, LLC shall be vested in Managers rather than members and the name and business address of the initial Managers of the Stenerson, Olson & Lowrey Development, LLC is as follows: Jeffrey Olson 3040 South Newcombe Way Lakewood,Colorado 80227 Jeffrey Lowrey 25 Coral Place Greenwood Village, Colorado 80111 SEVENTH The name and mailing address of the individual who caused this document to be delivered for filing, and to whom the Secretary of State may deliver notice if filing of this document is refused, is: Michael J. Tauger,Esq. 5445 DTC Parkway, Suite 520 Englewood,Colorado 80111 2 TABLE OF CONTENTS ARTICLE I-DEFINITIONS 5 ARTICLE II-ORGANIZATION 6 2.1 Formation and Name 6 2.2 Principal Place of Business; Registered Agent 7 2.3 Purposes 7 2.4 Duration of Company 7 2.5 Conflict Between Articles of Organization and this Agreement 7 2.6 Membership Interest 7 ARTICLE III—MANAGEMENT OF THE COMPANY g 3.1 Managers 8 3.2 Regular Meetings 8 3.3 Special Meetings 8 3.4 Notice 8 3.5 Participation by Electronic Means 8 3.6 Quorum and Manner of Acting 9 3.7 Organization 9 3.8 Presumption of Assent 9 3.9 Informal Action by Managers 9 3.10 Vacancies 9 3.11 Compensation 9 3.12 Removal of Managers 10 3.13 Resignations 10 3.14 Specific Powers of Farh Manager 10 3.15 Operations 11 3.16 Limitation of Liability 11 3.17 Limitation on Powers of the Members 12 3.18 Liability of Managers to Members and the Company—Indemnification 12 3.19 Insurance 12 ARTICLE IV-CAPITAL CONTRIBUTIONS AND UNITS 12 4.1 Capital Contributions 12 4.2 Member's Units 13 4.3 Rights of Units 13 4.4 Preemptive Rights 13 4.5 Additional Capital Contributions 13 4.6 Remedies 13 4.7 Loans 14 4.8 Representations and Warranties of Members 15 ARTICLE III MANAGEMENT OF THE COMPANY 3.1 Managers. The business and affairs of the Company shall be managed by the Managers (the "Managers")of the Company. There shall be initially at least one Manager and at all times there shall be no less than one, nor more than seven Managers. Managers need not be Members of the Company, or residents of the State of Colorado, and shall be elected at the Annual Meeting of Members or any adjournment thereof. Managers shall hold office until the next succeeding Annual Meeting of Members, and until their successors shall have been elected and shall qualify. The Managers may increase or decrease the number of Managers by resolution. The initial Managers shall be Jeffrey Olson and Jeffrey Lowrey. 3.2 Regular Meetings. A regular, annual meeting of the Managers shall be held at the same place as, and immediately after, the Annual Meeting of Members, and no notice shall be required in connection therewith. The Annual Meeting of the Managers shall be for the purpose of the transaction of such business as may come before the meeting. The Managers may provide by resolution, the time and place, either within or without the State of Colorado, for the holding of additional regular meetings without other notice than such resolution. 3.3 Special Meetings. Special meetings of the Managers may be called by or at the request of any Manager. The person or persons authorized to call special meetings of the Managers may fix any place whatsoever as the place for holding any special meeting of the Managers called by him or her or them. 3.4 Notice. Written Notice of any special meeting of Managers shall be given as follows: a. By mail to each Manager at his or her business address at least three days prior the meeting; or b. By personal delivery, fax or telegram at least 24 hours prior to the meeting to the business address of each Manager, or, in the event such notice is given on a Saturday, Sunday or holiday, to the residence address of each Manager. If mailed, such notice shall be deemed to be delivered when deposited in the United States Mail, so addressed, with postage thereon prepaid. If notice be given by fax, such notice shall be deemed to be delivered when such notice is actually faxed, and, if such notice be given by telegram, such notice shall be deemed to be delivered when the telegram is delivered to the telegraph company. Any Manager may waive notice of any meeting. The attendance of a Manager at any meeting, shall constitute a waiver of notice of such meeting, except where a Mier attends a meeting for the express purpose of objecting to the transaction of any business because a meeting is not lawfully called or convened. Neither the business to be transacted at, nor the purpose of, any regular or special meeting of the Managers need be specified in the notice or waiver of notice of such meeting. 3.5 Participation by Electronic Means. Managers or any committee designated by such managers may participate in a meeting of Managers or committee by means of conference 8 telephone or similar communications equipment, by which all persons participating in the meeting can hear each other at the same time. Such participation shall constitute presence at the meeting. 3.6 Quorum and Manner of Acting. A quorum at all meetings of the Managers shall consist of the number of Managers then holding office, but a smaller number may adjourn from time to time without further notice, until a quorum is secured. The act of the majority of the Managers present at the meeting at which a quorum is present shall be the act of the Managers, unless the act of a greater number is required by the laws of the State of Colorado. 3.7 Organization. The Managers shall elect a Chairman to preside at each meeting of the Managers. The Managers shall elect a Secretary to record the discussions and resolutions of each meeting. 3.8 Presumption of Assent. A Manager of the Company who is present at a meeting of the Managers at which action on any Company matter is taken shall be presumed to have assented to the action taken unless his or her dissent shall be entered in the minutes of the meeting or unless he or she shall follow his or her written dissent to such action with the person acting as the Secretary of the meeting before the adjournment thereof or shall forward such dissent by registered mail to the Managers of the Company immediately after the adjournment of the meeting. Such right to dissent shall not apply to a Manager who voted in favor of such action. 3.9 Informal Action by Managers. Any action required or permitted to be taken by the Managers, or a committee thereof, at a meeting may be taken without a meeting if a consent in writing, setting forth the actions so taken, shall be signed by all the Managers, or all the committee Members entitled to vote with respect to the subject matter thereof. 3.10 Vacancies. Any vacancy occurring in the number of Managers may be filled by the affirmative vote of a majority of the remaining Managers, though less than a quorum of the Managers. A Manager elected to fill a vacancy shall be elected for the unexpired term of his predecessor in office, and shall hold such office until his or her successor is duly elected and shall qualify. Any Manager position to be filled by reason of an increase in the number of Managers shall be filled by the affirmative vote of a majority of the Managers then in office, or by an election at an annual meeting, or at a special meeting of Members called for that purpose. A Manager chosen to fill a position resulting from an increase in the number of Managers shall hold office only until the next election of Managers by the Members. 3.11 Compensation. By resolution of the Managers, and irrespective of any personal interest of any of the Managers, each Manager may be paid his expenses, if any, of attendance at each meeting of the Managers, and may be paid a stated salary as Manager or a fixed sum for attendance at each meeting of the Managers or both. No such payment shall preclude any Manager from serving the Company in any other capacity and receiving compensation therefore. 9 3.12 Removal of Managers. Any Manager or Managers of the Company may be removed at any time with or without cause, at a special meeting of the Members specifically called for such purpose, and by a majority vote of the Membership Interest of Members of the Company present at such special meeting, so long as a quorum is present at such special meeting as set forth in Article V. 3.13 Resignations. A Manager of the Company may resign at any time by giving written notice to the remaining Managers of the Company. The resignation shall take effect upon the date of receipt of such notice, or at any later period of time specified therein. The acceptance of such resignation shall not be necessary to make it effective, unless the resignation requires it to be effective as such. 3.14 Specific Powers of Each Manager. The provisions set forth in this Article in no manner limit the power or authority of each Manager to act on behalf of or by the Company, or transact business on behalf of the Company as provided by the Act. Without limiting the rights and powers given each Manager under the Act or otherwise by this Agreement, each Manager shall have the following specific powers in furtherance of the business of this Company: 3.14.1 To use the Company's capital, loan proceeds, revenues, or income for the payment of any and all costs and expenses of the Company's business and activities, and in connection therewith, to execute and deliver all checks, drafts, and other orders for the payment of Company obligations. 3.14.2 To make all financing decisions required to be made by the Company relating to its business or businesses. 3.14.3 To enter into, execute and deliver(i) all deeds, assignments, notes, deeds of trust, mortgages, leases, receipts, releases, discharges, and other instruments and documents deemed by the Managers to be necessary or appropriate for the conduct of the Company's business or businesses on behalf of the Company, or for the performance or exercise of the Managers' duties or powers under this Agreement, and pursuant to the Act, and (ii) all other instruments of any kind or character relating to the affairs of the Company or its business or businesses, whether like or unlike the foregoing. 3.14.4 To incur indebtedness and other obligations on behalf of the Company and furtherance of the Company's business or businesses; the power to incur indebtedness shall include the power to borrow money, to execute promissory notes, and, if securities required therefore, to mortgage, deed, entrust, pledge, or subject all or any portion of the assets of the Company or of the business on behalf of the Company, to any security device, to obtain replacements of any Deed of Trust or any other security device, to prepay, in whole or in part, refinance, increase, modify, consolidate or extend any Deed of Trust or other security device. 3.14.5 To acquire and enter into any contract or insurance which the Managers deem necessary or appropriate for the protection of the Company, for the conservation 10 of the Company and/or business assets, or for any purpose convenient and beneficial to the Company. 3.14.6 To employ or cause to be retained agents from time to time to render the type of services generally needed in the operation and management of the business of the Company, including, but not limited to, accountants, attorneys, engineers, architects, contractors, insurance brokers and real estate brokers, on such terms and for such compensation as the Managers shall determine to be reasonable and in the best interest of the Company. 3.14.7 To determine the appropriate accounting method or methods to be used by the Company. 3.14.8 To purchase, lease or otherwise acquire, improve, develop, manage, maintain and operate and to sell, lease, trade or otherwise dispose of such real and personal property as may reasonably be necessary or incidental to the Company's business. 3.14.9 To execute, acknowledge and deliver any and all instruments to effectuate the foregoing and to take all such action in connection therewith as a Manager shall deem necessary or appropriate. The above enumeration of powers shall not require the exercise of any such power by any Manager except in his, her or their sole discretion or as otherwise required by this Agreement. A Manager shall not be liable to the Company or any Member for any act or omission performed or omitted by it in good faith pursuant to the authority granted to it by this Agreement, except for fraud,willful misconduct or gross negligence. 3.15 Operations. The day to day operation and management of the affairs of the Company, including the management of its rights, duties and obligations in respect of the business, shall be the obligation and responsibility of the Managers. The Managers, however, shall not be required to manage the business or businesses of the Company, but may select either a Manager or Managers, a Member or a non-affiliated third party to provide this service. The Managers shall devote themselves to the Company's business to the extent it is necessary for the efficient carrying on thereof, without any fee or compensation therefore, except for a management fee or salary to be paid only in the event a Manager or Managers are responsible for the management of the business or businesses of the Company. Such management fee or salary will provide for, among other items, reimbursement of actual expenses including, without limitation, out of pocket expenses incurred in connection with the day to day of the Company's business and reasonably allocated overhead. If such fee is paid to a Manager or Managers, it shall be in an amount not in excess of the fee that generally would be charged by a non-affiliated third party for similar services. 3.16 Limitation of Liability. The Managers do not in any way guarantee the return of any Member's Capital Contribution or a profit for the Members from the Company's business. Neither the Company nor any of the Members shall have any rights by virtue of the Articles of Organization, this Operating Agreement or any applicable law in or to the other business 11 ventures of the Managers or to the income, gains, losses, deductions and credits derived therefrom by the Managers. 3.17 Limitation on Powers of the Members. Unless authorized to do so by this Operating Agreement or by the Managers, no Member, agent, or employee of the Company shall have any power or authority to bind the Company in any way, to pledge its credit or to render it liable for any purpose. 3.18 Liability of Managers to Members and the Company—Indemnification. The Managers shall not be liable to the Members because any taxing authorities disallow or adjust any deductions or credits in the Company income tax returns. Furthermore, the Managers shall not have any personal liability for the repayment of Capital Contributions of the Members. In addition to any indemnification contained in the Articles of Organization, the doing of any act or the omission to do any act by the Managers, the effect of which may cause or result in loss or damage to the Company, if done in good faith and otherwise in accordance with the terms of this Agreement, shall not subject the Managers or the Managers' successors and assigns to any liability. The Company will indemnify and hold harmless the Managers and the Managers' successors and assigns from any claim, loss, expense, liability, action or damage resulting from any act or omission in connection with Company affairs, including, without limitation, reasonable costs and expenses of litigation, except where the same is due to or arising out of the fraud,bad faith or gross negligence of the Managers. 3.19 Insurance. The Company may maintain in force at all times for the protection of the Managers such insurance as the Managers believe warranted for the operations being conducted. Lb/[CGs 1/:tll .311.1t3/WIWI JIFF I ryN r4Wt ai 18.3 Further Instruments. The Members hereunder shall from time to time execute and deliver such further instruments as any other Member or its counsel may reasonably request to effectuate the intent of this Agrwnrcnit. 18.4 Captions. Any titles or captions of articles or sections contained in this Agreement are for convenience only, and shall not be deemed part of the context of this Agreement. 18.5 Investment Intent. In acquiring an ownership interest in the Company, each Member warrants and represents to the other MsaJ s that it is acquiring such ownership interest for its own account for investment and not with a view to its sale or distribution. Each Member recognizes that his, her or its investment is highly speculative and involves substantial risks wherein the Member could lose his,her or its entire investment. The undersigned execute this signature page to the Operating Agreement of Steverson, Olson & Lowrey Development, LLC awl agree to all of the terms and provisions contained therein. MEMBERS: Je O Jeffey Lowrey 29 SEP-26-2003 FRI 03:51 PM TEAM LENDING CONCEPTS FAX NO. i2U4685UU9 P. U2 18.3 Further Instruments. The Members hereunder shall from time to time execute and deliver such further instruments as any other Member or its counsel may reasonably request to effectuate the intent of this Agreement. 18.4 Cantons. Any titles or captions of articles or sections contained in this Agreement are for convenience only, and shall not be deemed part of the context of this Agreement 18.5 Investment Intent. In acquiring an ownership interest in the Company, each Member warrants and represents to the other Members that it is acquiring such ownership interest for its own account for investment and not with a view to its sale or distribution. Each Member recognizes that his, her or its investment is highly speculative and involves substantial risks wherein the Member could lose his,her or its entire investment. The undersigned execute this signature page to the Operating Agreement of Steverson, Olson & Lowrey Development, LLC and agree to all of the tams and provisions contained therein. MEMBERS: 1Currb if A.S neon ey wrey 29 'V . r-,. '�^ i .S•1{ , ."' • r:... a:;:::;•.Vii- :•.,4,.,.:3..1 mg I s iii `-, ,7,-..,.:,O, * j. 1 s• i.!.. ../ 71� I 1 ''\4 ...raj • ! 1 STATE ' �_ RADO / DEPARTMENT OF STATE CERTIFICATE I, DONETTA DAVIDSON, SECRETARY OF STATE OF THE STATE OF COLORADO HEREBY CERTIFY THAT ACCORDING TO THE RECORDS OF THIS OFFICE STENERSON, OLSON & LOWREY DEVELOPMENT, LLC (COLORADO LIMITED LIABILITY COMPANY) FILE # 20031302174 WAS FILED IN THIS OFFICE ON September 19, 2003 AND HAS COMPLIED WITH THE APPLICABLE PROVISIONS OF THE LAWS OF THE STATE OF COLORADO AND ON THIS DATE IS IN GOOD STANDING AND AUTHORIZED AND COMPETENT TO TRANSACT BUSINESS OR TO CONDUCT ITS AFFAIRS WITHIN THIS STATE. Dated: September 19, 2003 IiSeitlia: 4..64;040 -) I SECRETARY OF STATE I Luni Hello