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HomeMy WebLinkAbout20031922.tiff • PLANNED UNIT DEVELOPMENT (PUD) FINAL PLAT APPLICATION FOR PLANNING DEPARTMENT USE DATE RECEIVED: RECEIPT#/AMOUNT# /$ CASE#ASSIGNED: APPLICATION RECEIVED BY PLANNER ASSIGNED: Parcel Number / O 9 O O O 0 0 9 - Atr{-t-. Pence + n �f rn-n n-n- n nn- n n sc,„t,, PP4rte1 (12 digit number-found on Tax I.D.information,obtainable at the Weld County Assessor's Office,or www.co.weld.co.us). • (Include all lots being included in the application area, If additional space is required,attach an additional sheet) Netrf fhe NW yy i Par etil rte rye `)hr Legal Description Svc ui-k ci,ad ,C,_ a,4.(4t,,uc,t t.k'-4 kSection Ci , Township / North, Range W'West PropertyAddress(If Applicable) A./,4 Existing Zone District:,4 r. Proposed Zone District: Pt4p Total Acreage: -i / Proposed#/Lots 7 H ,13 t3tK ut) t-c�,3s Pe`L1c Average Lot Size:3. , o,t.nv,`mi nimum inimum Lot Size: a.59 Sc Proposed Subdivision Name: L. fc to r (.4c) Proposed Area(Acres)Open Space: i S . c Ac. Are you applying for Conceptual or Specific Guide? Conceptual ✓ Specific FEE OWNER(S)OF THE PROPERTY(If additional space is required,attach an additional sheet) Name: Oarytt 0- °t. .,' A Pro P Work Phone#'3c3-1_33-4occ Home Phone ,,./,y. EmailAddress,v/y Address: Iaeon wt nt(ax A-ve. S,t+r 11-1tn City/State/Zip Code LnkewrrcL (n to),ty APPLICANT OR AUTHORIZED AGENT(See Below:Authorization must accompany applications signed by Authorized Agent) Name: IR;wko 4.LC - Sck... c'.: ko Work Phone#7cs-(cot -gi3DHome Phone#,,,/I. Email Address 'oh„,r;,,kn a, yalvrn-.cm Address: 12O%1 w. k-t&t ec4n Pkwy, 0 tc tt City/State/ZipCode La at-word., co ro i) S UTILITIES: Water: Le S+ \lC,v.rt Wcdv.- 1):5{, C Sewer: ^,/q Gas: Kinder "ors con Electric: Uv }nc Power Phone: Qwec} DISTRICTS: School: 34. Vru=,. VeAl\ey Sawri tJaa{r.ct Fire: nlrttir'(0.iv. thruV Fare Pre kec-F.ov. c s1 r:ct Post: E r:r c n I(W e)hereby depose and state under penalties of perjury that all statements,proposals,and/or plans submitted with or contained within the application are true and correct to the best of my(our)knowledge. Signatures of all fee owners of property must sign this application. If an Authorized Agent signs,a letter of authorization from all fee owners must be included with the application. If a corporation is the fee owner, notarized evidence must be included indicating the signatory has the legal authority to sign for the corporation. I (we), the undersigned, hereby request the Department of Planning Services to review this PUD Final Plat or request hearings before the Weld County Planning Commission and the Board of County Commissioners concerning the PUD Final Plat Plat for the a described unincorporated area of Weld County, Colorado: Signature: Owner or Authorized Agent Date Signature: Owner or Authorized Merit Date • 'XN1`IT _10- 2003-1922 PLANNED UNIT DEVELOPMENT (PUD) FINAL PLAN AND SUPPORTING DOCUMENTS LONGS PEAK ESTATES WELD COUNTY, CO PUD Final Plan Weld County Department of Planning Services 1555 North 17th Avenue ,., Greeley, CO 80631 May 2003 Prepared for: Propp Realty, Inc. 12600 West Colfax Avenue Suite B-130 Lakewood, CO 80215 (303) 233-4000 Prepared by: RINKO. LLC 12081 W. Alameda Pkwy. #254 Lakewood. CO 80228 (303) 601-9230 APPLICATION REQUIREMENTS -PUD FINAL PLAN An applicant may submit an application for a PUD Final Plan provided that the Final Plan is located within an existing PUD zone district. A Final Plan may encompass all or part of a PUD zone district. The uses shall be identical to those located and described in the approved Development Guide if a Specific Development Guide was submitted. In the event that a Conceptual Development Guide was submitted, a detailed Specific Development Guide must be submitted along with the Final Plan requirements. The following information is required for the Final Plan. The Planning Director has the discretion to waive information not deemed necessary by the Department. • 1. The Final Plan application forms provided by the Department of Planning Services and application fee. 2. A recorded Change of Zone plat which delineates the proposed uses. 3. A copy of a certificate of title issued by a title insurance company or an attomey's opinion of the title which shall set forth the names of all owners of properly included in the PUD Final Plan. The list shall include all mortgages,judgements,liens,easements,contracts,and agreements of record in Weld County which shall affect the property in the PUD Final Plan. If the attorney's opinion or certificate of title discloses any of the above,the holders or owners of such mortgages,judgements,liens,easements,contracts,or agreements shall be required to join in and approve the application before the Final Plan shall be acted upon. 4. A certificate of title or an abstract of title covering all public dedications. When the applicant is to dedicate land for schools, roads, parks, or other public purposes, a letter of intent from the appropriate public agencies stating that the dedicated lands will be accepted. 5. A warranty deed or other suitable document ready to record which deeds to the appropriate public body all lands other than streets which are to be held for or used for public purposes. The warranty deed or suitable document shall be recorded prior to the recording of the Final Plan plat. 6. Certificate from the County Treasurer showing no delinquent taxes special assessments on the property of the proposed Final Plan. 7. Certificate from a qualified engineer in the State of Colorado responsible for the design of the utilities. 8. Copies of all deed restrictions, including those required by the Board of County Commissioners to govern the future use of all land in the PUD, covenants,grants of easements or restrictions to be imposed upon the use of the land, buildings and structures. 9. An Improvement Agreement according policy regarding collateral for improvements. This form is provided by the Planning Department. The applicant shall complete this form showing the improvements that the applicant is required to construct and the type of collateral which will guarantee installation of improvements. Improvement Agreements shall comply with Sections 24-9-10 and 24-9-20 of the Weld County Code. 10. Evidence from the appropriate jurisdiction stating that the street and/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 zone district. 11. An off-site road improvements agreement proposal. The off-site road improvement proposal shall describe, in detail, the type of off-site road improvements to determine if the requirement for street or highway facilities will be adequate in functional classification, width, and structural capacity to meet the traffic requirements. The method of guaranteeing the installation of off-site road improvements shall be described as part of the agreement and shall conform with Weld County's policy regarding Collateral for Improvements. 12. A PUD construction schedule showing the approximate dates when construction of the development is proposed to start and finish. This shall describe the stages in which the development will be constructed, and the number of buildings or structures,and the amount of common open space to be completed at each stage. 26 13. A statement describing the method of financing for the development. The statement shall include the estimated construction cost and proposed method of financing of the street and related facilities, water distribution system, sewage collection system, flood plain protection, storm drainage facilities, and such other facilities, as may be necessary. 14. A certified list of the names, addresses and the corresponding Parcel Identification Number assigned by the Weld County Assessor of the owners of property(the surface estate)within five hundred(500)feet of the property subject to the application. The source of such list shall be the records of the Weld County Assessor,or an ownership update from a title or abstract company or attorney,derived from such records, or from the records of the Weld County Clerk and Recorder. If the list was assembled from the records of the Assessor, the applicant shall certify that such list was assembled within thirty days of the application submission date. 15. A certified list of the names and addresses of mineral owners and lessees of mineral owners on or under the parcel of land being considered. The source of such list shall be assembled from the records of the Weld County Clerk and Recorder or from an ownership update from a title or abstract company or an attorney derived from such records. 16 A statement indicating that the proposed PUD Final Plan is in compliance and meets all criteria as set forth in the Change of Zone. The statement should demonstrate a detailed description of the uses on site and demonstrate how the Development Guide has been followed and adhered to. 17. A Final Plan plat map(See page 9 of this packet). 18. A Landscape Map(See page 6 of this packet). 19 A Utility Map (See page of this packet). REVIEW OF THE PUD FINAL PLAN The Department of Planning Services shall schedule a public meeting for the applicant with the Weld County Utility Coordinating Advisory Committee. In the event that the Planning Department determines that the Final Plan submittal is consistent with the Sketch Plan and Change of Zone submittals and if a Specific Development Guide was submitted at the Change of Zone application,the Department shall review the Final Plan application in accordance with Section 27-7-40.8.3.,of the Weld County Code. In the event that the Planning Department determines that the Final Plan submittal is not consistent with the Sketch Plan and Change of Zone applications or if a Conceptual Development Guide was submitted at the Change of Zone application,the Board of County Commissioners shall hold a hearing to consider the Final Plan in accordance with Section 27-7-40.D., of the Weld County Code. It is recommended that the applicant attend all hearings scheduled for the Final Plan application in order to present the proposal and answer questions of the governing bodies. The applicant Is also encouraged to maintain a working relationship with the Planning Department once an application has been submitted in order to keep up-to- date with any developments pertaining to the application. The Department of Planning Services will post a sign on the property under consideration in a location readily visible from the adjacent roadway(s). The sign will be posted at least fifteen (15) days preceding the hearing date for the Board of County Commissioners' hearing, if applicable. The sign will be posted adjacent to and visible from a publicly maintained road right-of-way. Please refer to the Supplemental Procedures and Requirements in Article VIII of the Weld County Code for regulations pertaining to amendments, modifications, and enforcement of a PUD. 27 FINAL PLAN UTILITY MAP REQUIREMENTS The Final Plan Utility plat map shall consist of a drawing of the PUD project at a scale of one inch equals one hundred feet or one inch equals two hundred feet composed of one or more sheets with an outer dimension of twenty-four by thirty- six inches showing the following information: 1. A utility plan showing the easements for water, sewer,electric,gas, telephone,and any other utilities within the PUG. Easements shall be designed to meet the Weld County Code, Chapter 24,for easement standards. 2. A utility service statement block shall appear on the map. The block shall identify each special district, municipality, or utility company intended to service the Planned Unit Development. The block shall include: A. The name of the utility. 6. A dated signature and statement from the utility's representative indicating one of the following: (1)service is available, (2) service is available subject to specific conditions, or (3) service is not available for the PUD. In the event number(2)is indicated,the specific condition shall be described. FINAL PLAN GRADING AND DRAINAGE MAP REQUIREMENTS A grading and drainage plan map shall consist of a drawing of the PUD project at a scale of one inch (1") equals one hundred feet(100'),one inch(1")equals two hundred feet(200')or an approved scale composed of one or more sheets with an outer dimension of twenty-four(24) by thirty-six(36) inches showing the following information: 1. A grading and drainage plan indicated by solid line contours superimposed on dashed line contours of existing topography for the area of the final plat. Such contours shall be at two(2)foot intervals for predominant ground slopes within the tract between level and five percent (5%) grade and five (5) foot contours for predominant ground slopes within the tract over five percent(5%)grade. 2. All watercourses on the property will be shown. In addition, all FLOOD HAZARD areas shall be delineated. 3. All drainage ways, streets, arroyos, dry gullies, diversion ditches, spillways, reservoirs, etc., which may be incorporated into the storm water management system for the PUD shall be designated. 4. All irrigation ditches and laterals shall be shown. 5. All required on-site detention areas, including notes indicating the area and volume of the facility. 6. All plans shall indicate the proposed outlet for the storm drainage from the property, including the name of the drainage way(where appropriate), the downstream conditions, and any downstream restrictions. 7. Drainage design computations along with a stormwater drainage study performed by a registered engineer competent in stormwater calculations shall be submitted in accordance with Chapter 24, Article VII of the Weld County Code. 8. Plans, profiles and typical cross section drawings of streets, bridges, culverts,and all drainage detention areas and structures. Streets including pavement design, bridges, culverts and other drainage structures and computations shall be designed and constructed to meet the requirements of the Weld County Public Works Department and Chapter 24, Article VII of the Weld County Code. 29 Planned Unit Development—Development Guide Requirements Sec.27-6-120 i-. off-site road improvements. 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, 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 requirement contained in Chapter 23 regarding overlay districts,commercial mineral deposits and soil conditions on the subject site. h. Consistency exits between the proposed zone district uses and the specific or conceptual development guide. i. Upon the Board of County Commissioners making its final decision, a resolution setting forth that decision shall be drafted and signed. A record of such action and a copy of the resolution will be kept in the files of the Clerk to the Board. j. The Board of County Commissioners shall arrange for the Clerk and Recorder to record the resolution and, if the proposed change of zone is approved, the rezoning plat. (Weld County Codification Ordinance 2000-1; Weld County Code Ordinance 2001-1) ARTICLE VII PUD Final Plan: Step Three Sec.27-7-10. Intent. The intent of this Article is to provide the criteria for review of a PUD final plan. An applicant may submit an application for a PUD final plan, provided that the PUD final plan is located within an existing PUD Zone District. A PUD final plan may encompass all or part of a PUD Zone District. The uses shall be identical to those located and described in the approved development guide if a specific development guide was submitted. In the event that a conceptual development guide was submitted for the change of zone application, a detailed specific development guide shall be submitted along with the final plan requirements. Sec.27-7-20. Filings and phasings of a final plan. A final plan may develop in filings and phases within a PUD. A filing is where only a portion of the development is platted at a time. An improvements agreement is required only for the filing being platted and developed. In phasing the development, the construction of the development may occur within separate filings or for the entire subdivision. An improvements agreement is only required for the phase being developed. Within a filing, a development can consist of multiple phases. Sec. 27-7-30. Requirements for submittal. The following completed information is required for the final plan. The Director of Planning Services has the discretion to waive information not deemed necessary by the Department of Planning Services. A. A recorded change of zone plat which delineates the proposed uses. B. A copy of a certificate of title issued by a title insurance company or an attorney's opinion of the title which shall set forth the names of all owners of property included in the PUD final plan. The list shall include all mortgages,judgments, liens, easements, contracts and agreements of record in the County which shall affect the property in the PUD final plan. If the attorney's opinion or certificate of title discloses any of the above, the holders or owners of such mortgages,judgments, liens, easements, contracts or agreements shall be required to join in and approve the application before the PUD final plan shall be acted upon. 27-21 Supp. l Planned Unit Development—Final Plan: Step Three Sec.27-7-30 C. A certificate of title or an abstract of title covering all public dedications. When the applicant is to dedicate land for schools, roads, parks or other public purposes, a letter of intent from the appropriate public agencies stating that the dedicated lands will be accepted. D. A warranty deed or other suitable document ready to record which deeds to the appropriate public body all lands other than streets which are to be held for or used for public purposes. The warranty deed or suitable document shall be recorded prior to the recording of the final plat. E. Certificate from the County Treasurer showing no delinquent taxes or special assessments on the property of the proposed PUD final plan. F. Certificate from a qualified engineer in the State responsible for the design of the utilities. G. Copies of all deed restrictions, including those required by the Board of County Commissioners to govern the future use of all land in the PUD, covenants, grants of easements or restrictions to be imposed upon the use of the land,buildings and structures. H. An improvements agreement according policy regarding collateral for improvements. This form is provided by the Department of Planning Services. The applicant will complete this form showing the improvements that the applicant is required to construct and the type of collateral which will guarantee installation of improvements. Improvement agreements shall comply with Sections 2-3-30, 24-9-10 and 24-9- 20 of this Code. I. Evidence from the appropriate jurisdiction stating that the street and/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 zone district. J. A separate off-site road improvements agreement proposal. 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. The off-site road improvement proposal shall describe, in detail,the type of off-site road improvements to determine if the requirement for street or highway facilities will be adequate in functional classification, width and structural capacity to meet the traffic requirements. The method of guaranteeing the installation of off-site road improvements shall be described as part of the agreement The method of guarantee shall conform with the County's policy regarding collateral for improvements at Section 2-3-30 of this Code. K. A PUD construction schedule showing the approximate dates when construction of the development is proposed to start and finish. This shall describe the stages in which the development will be constructed, and the number of buildings or structures and the amount of common open space to be completed at each stage. L. A statement describing the method of financing for the development. The statement shall include the estimated construction cost and proposed method of financing of the street and related facilities, water distribution system, sewage collection system, floodplain protection, storm drainage facilities and such other facilities as may be necessary. 27-22 Supp. I Planned Unit Development—Final Plan: Step Three Sec.27-7-30 M. An affidavit listing the names and addresses of all mineral owners and lessees of mineral owners on or under the parcel of land being considered. The list shall be prepared from the real property records of the County(or adjacent County) Clerk and Recorder, and shall be current as of a date no more than thirty (30) days prior to the date the application is submitted to the Department of Planning Services. N. A certified list of the names and addresses of mineral owners and lessees of mineral owners on or under the parcel of land being considered. The source of such list shall be assembled from the records of the Clerk and Recorder, or from an ownership update from a title or abstract company or an attorney derived from such records. O. A statement indicating that the proposed PUD final plan is in compliance and meets all criteria as set forth in the change of zone. The statement should demonstrate a detailed description of the uses on site and demonstrate how the development guide has been followed and adhered to. P. A final plan plat map in compliance with Section 27-9-20 of this Chapter. Q. A landscape plan in compliance with Section 27-9-30 of this Chapter. R. A utility map in compliance with Section 27-9-40 of this Chapter. (Weld County Code Ordinance 2001- 1) Sec.27-7-40. Review procedure for final plan. A. Intent. The intent of this Section is to outline the criteria for evaluation for the final plan. B. Duties of the Department of Planning Services. 1. The Department of Planning Services shall be responsible for processing all applications for a PUD final plan once a completed application is submitted. The Department shall have the responsibility to ensure that all application procedures and requirements are met prior to any official action. 2. In the event that the Department of Planning Services determines that the final plan submittal is consistent with the previous sketch plan and change of zone submittals, and if a specific development guide was submitted for the change of zone application, the Planner shall: a. Send the application to referral agencies for review and comment. The agency shall respond within twenty-one(21)days after the application is mailed. The failure of any agency to respond within twenty-one (21) days may be deemed a favorable response. All referral agency review comments are considered recommendations to the County. The authority and responsibility for approval and denial of a final plat application rests with the County. The referral agencies include those listed in Subsection 27-4-30 B.1 of this Chapter. b. The Planner shall review the final plan application and approve, or conditionally approve, the application if the applicant has demonstrated compliance with Subsections C.1 through C.8 below. 3. In the event that the Department of Planning Services determines that the fmal plan submittal is not consistent with the previous sketch plan and change of zone submittals, and/or a conceptual development guide was submitted for the change of zone application,the Planner shall: a. Set a Board of County Commissioners hearing date not less than forty-five (45) days nor more sixty (60)days after the complete application has been submitted. b. Send the application to referral agencies for review and comment. The agency shall respond within twenty-one (21) days after the 27-23 Supp. I Planned Unit Development—Final Plan: Step Three Sec.27-7-40 .-. application is mailed. The failure of any agency to respond within twenty-one (21) days may be deemed a favorable response. All referral agency review comments are considered a recommendation to the County for approval and denial of a final plan application. The referral agencies include those listed in Section 27-4- 30 B.1 of this Chapter. c. Arrange for legal notice of said hearing to be published once in the newspaper designated by the Board of County Commissioners for publication of notices. At the discretion of the Board of County Commissioners,a second notice may be published in a newspaper which is published in the area in which the PUD plan is proposed. The failure to publish the second notice shall not create a jurisdictional defect in the hearing process. The date of publication shall be at least fourteen(14)days prior to the hearing. d. Give notice for the proposed fmal plan and the public hearing date to those persons listed in the application as owners of property located within five hundred (500) feet of the parcel under consideration, and owners and lessees of the mineral estate on or under the parcel under consideration. Such notification shall be mailed, first class,not less than fifteen(15)days before the scheduled public hearing. Such notice is not required by state statute and is provided as a courtesy to the owners and lessees of the mineral estate on or under the parcel. Inadvertent errors by the applicant in supplying such list or the Board of County Commissioners in sending such notice shall not create a jurisdictional defect in the hearing process, even if such error results in the failure of a surrounding property owner or owners and lessees of mineral estates to receive such notification. e. The Department of Planning Services shall post a sign for the applicant on the property under consideration for a PUD final plan. The sign shall be posted adjacent to and visible from a publicly maintained road right-of-way. In the event the property under consideration is not adjacent to a publicly maintained road right-of-way, one (1) sign shall be posted at the point at which the driveway (access drive) intersects a publicly maintained road right-of-way. The sign shall be posted at least fifteen(15) days prior to the hearing. f. Prepare a staff recommendation for the Board of County Commissioners addressing all aspects of the application. Planning staff recommendations will determine compliance with Subsections C.1 through C.8 below. C. Responsibilities of the Department of Planning Services: The Department of Planning Services shall determine if the proposed final plan meets the intent of the change of zone development guide application and that standards of all applicable County regulations have been met as follows: 1. That the proposal is consistent with Chapters 19, 22, 23, 24 and 26 of this Code and any intergovernmental agreement in effect influencing the PUD. 2. 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. 3. That the uses which would be permitted will 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. 4. That adequate water and sewer service will be made available to the site to serve the uses permitted within the proposed PUD in compliance with the performance standards in Article II of this Chapter. 27-24 Supp. I Planned Unit Development—Final Plan: Step Three Sec.27-7-40 5. 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. 6. 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 Sections of Chapters 22, 24 and 26, if applicable. This shall be shown by submitting with the PUD district application a separate proposal for on-site and off-site road improvements. 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, 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. 7. 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. 8. If compatibility exists between the proposed uses and criteria listed in the development guide, and the final plan exactly conforms to the development guide. D. Duties of the Board of County Commissioners. I. In the event that it is determined that the fmal plan submittal is not consistent with the previous sketch plan and change of zone submittals, or if a conceptual development guide was submitted for the change of zone application, or if the applicant has requested the creation of a site specific development plan pursuant to the Colorado Vested Rights Act and Chapter 23 of this Code, the Board of County Commissioners shall hold a public hearing to consider the fmal plan application and to take final action thereon. The Board's decision shall consider the recommendation of the Planner,referral agency responses and the application case file to determine compliance with Subsections 2.a through 2.h below. 2. The Board of County Commissioners shall determine if the proposed final plan meets the intent of the change of zone development guide application and that standards of all applicable County regulations have been met as follows: a. That the proposal is consistent with Chapters 19, 22, 23, 24 and 26 of this Code and any intergovernmental agreement in effect influencing the PUD. b. That the uses which would be allowed on the subject property will conform to the performance standards outlined in Article II of this Chapter. c. That the uses which would be permitted will be compatible with the existing or future development of the surrounding area as permitted by the existing zone district, and with the future development as projected by Chapter 22 of this Code or master plans of affected municipalities. d. The PUD Zone District shall be serviced by an adequate water supply and sewage disposal system in compliance with 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 zone district. 27-25 Supp. I Planned Unit Development—Final Plan: Step Three Sec.27-7-40 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 Sections of Chapters 22, 24 and 26, if applicable. This shall be shown by submitting with the PUD district application a separate proposal for on-site and off-site road improvements. 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 at Section 2-3-30 of this Code. 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. If compatibility exists between the proposed uses and criteria listed in the development guide, and the final plan exactly conforms to the development guide. 3. Upon the Board of County Commissioners making its fmal decision, a resolution setting forth that decision shall be drafted and signed. A record of such action and a copy of the resolution will be kept in the files of the Clerk to the Board. 4. The Board of County Commissioners shall arrange for the Clerk and Recorder to record the resolution. (Weld County Codification Ordinance 2000-1;Weld County Code Ordinance 2001-1) ARTICLE VIII Supplemental Procedures and Requirements Sec.27-8-10. Intent. The intent of the Supplemental Procedures and Requirements is to assure that the PUD development commences in a timely fashion. Sec.27-8-20. Enforcement of a PUD. All development shall meet the requirements herein set forth, and no part of a PUD shall be approved that does not meet these requirements. Sec.27-8-30. Amendment to a PUD Zone District. Each approved PUD Zone District is considered unique, and the uses described by block and/or lot within a PUD Zone District shall only be amended by applying for a change of zone to a new PUD Zone District. These procedures are contained in Article V of this Chapter. Sec. 27-8-40. Changes to a PUD final plan. A. Amendments. Any request to make a major change to an approved PUD final plan shall be processed as a new application for a PUD final plan under Article VII of this Chapter. This may include, but not be limited to requests for vacating all or parts of an approved PUD final plan for the purpose of major redesign or major corrections. The Department of Planning Services may waive application requirements which do not pertain to the proposed major change to the PUD final plan. B. Minor Modifications. The Department of Planning Services may approve a minor modification to a PUD final plan. The applicant shall prove that the minor modification is required by engineering or 27-26 Supp. l RINKO, LLC Phone: 303-601-9230 Fax:303-277-1583 Rinko,LLC E-Mail:johnrinko@yahoo.com 12081 W.Alameda Pkwy.#254 Lakewood,Colorado 80228 May 12, 2003 Mr. Kim Ogle Lead Planner Weld County Department of Planning Services 1555 North 17th Avenue Greeley, Colorado 80631 Subject: Final Plan Submittal Package Longs Peak Estates, Case#Z-543 Dear Kim: The purpose of this submittal is to provide Weld County Department of Planning Services additional information regarding the Final Plan for Longs Peak Estates, Case#Z-543 per the requirements listed in the Weld County Board of County Commissioners Resolution of October 24, 2001. The final Change of Zone Plat Map was submitted on May 7, 2002 and addressed Resolution Items I, 2 and 3. This submittal provides the Final Plan detail and supporting material as requested in Resolution Item 4. The format of this submittal adheres to Section 27-7-30 of the Weld County Code(WCC) as summarized in Items 1 through 19 of the WCC excerpt appearing in Attachment A. Additional conditional items detailed in Resolution Item 4(Attachment B) are also addressed. Supporting information appears in the attachments to this submittal. Separately referenced are the Final Plan drawings and related documents for the Longs Peak Estates PUD. The drawing set includes the site master plan, the utility easement layouts,building footprints, road details, water line details, and the site drainage details. Specifically,the following is provided: 1. Twenty-five(25)copies of the Final Plan construction drawing package for Weld County Planning review and referral 2. Eight(8) sets of the Final Plan construction drawing package for utility reviews 3. Three (3) copies of the Detailed Drainage Study 4. Two (2)copies of the Geotechnical Report for pavement design 5. Two(2) copies of the Landscape and Maintenance Plan 6. Three(3) copies of the Final Plat 7. One(1) copy of the Change of Zone Plat 8. One (1)copy of the Title Report 9. One(1)copy of the County Treasurer Certificate 10. Four(4) copies of the Private Improvements Agreement 11. Four(4) copies of the Public Improvements Agreement 12. One(1) copy of the neighboring property owners mailing list 13. One (1) copy of the mineral rights agreement 14. Three(3) copies of the draft Homeowners' Association Covenants Kim Ogle May 12, 2003 Page 2 Longs Peak Estates is a proposed Planned Unit Development(PUD) of seven(7) lots over approximately 31 acres,with a bulk density of 4.4 acres per lot. The intent of the proposed Longs Peak Estates PUD is to provide an opportunity for a rural residential lifestyle. The seven large single- family lots will permit a variety of livestock, domestic and exotic animals. This is the predominant lifestyle for the neighborhood and it is anticipated that the residents of Longs Peak Estates will be integrated into the rural fabric of the area. Resolution Item 4. Final Plan The Final Plan application shall adhere to Section 27-7-30 of the WCC and shall specifically address the following as well. Specific issues to be addressed in the Final Plan submittal are listed in Items 4A through 4J. These items are addressed in the section following the WCC Final Plan submittal items. 1. The Final Plan application forms provided by the Department of Planning Services and application fee. The completed application form appears in Attachment C along with the Record of Receipt No. 08798 for the application fee. Supporting information regarding the property is also included for your reference. 2. A recorded Change of Zone plat which delineates the proposed uses. The recorded Change of Zone plat was approved by the Weld County Board of County Commissioners as documented in their Resolution of October 24, 2001. The final Change of Zone Plat Map was submitted to Weld County Department of Planning Services on May 7, 2002 and is available from Planning Department files. For your convenience, one (1)copy is separately attached to this submittal for review purposes. Mylar copies were submitted on June 20`h, and in digital file format on August 7, 2002. Records of submittals appear in Attachment D. 3. A copy of a certificate of title issued by a title insurance company or an attorney's opinion of the title which shall set forth the names of all owners of property included in the PUD final plan. The list shall include all mortgages,judgments, liens, easements, contracts, and agreements of record in Weld County which shall affect the property in the PUD final plan. If the attorney's opinion or certificate of title discloses any of the above, the holders or owners of such mortgages,judgments, liens, easements, contracts or agreements shall be required to join in and approve the application before the PUD final plan shall be acted upon. One(1)copy of the Title Report issued by Chicago Title of Colorado, Inc. which documents the ownership of the property to Daryll D. and Carol A. Propp is separately attached to this submittal. Rinko, LLC Longs Peak Estates— Case Z-543 Kim Ogle May 12, 2003 Page 3 4. A certificate of title or an abstract of title covering all public dedications. When the applicant is to dedicate land for schools, roads,parks or other public purposes, a letter of intent from the appropriate public agencies stating that the dedicated lands will be accepted. Land areas designated as open space are identified in the drawing package and are addressed in the Homeowners' Association(HOA) Covenants. The HOA will retain ownership of the open space, which will be dedicated in a note on the Final Plat. 5. A warranty deed or other suitable document ready to record which deeds to the appropriate public body all lands other than streets which are to be held for or used for public purposes. The warranty deed or suitable document shall be recorded prior to the recording of the Final Plan plat. The HOA will retain ownership of the open space property, with the covenants documenting the open space for public use. Therefore, a warranty deed is not required for this site. 6. Certificate from the County Treasurer showing no delinquent taxes or special assessments on the property of the proposed Final Plan. The requested County Treasurer Certificate is separately attached to this submittal. 7. Certificate from a qualified engineer in the State of Colorado responsible for the design of the utilities. Easements for the placement of utilities are included in the drawing package. The utilities shown have been designed by Mr. Sean J. Welsch,P.E. of Welsch Design Consultants, Inc. The drawings will be stamped by Mr. Welsch, a registered professional engineer in the State of Colorado (# 34158). 8. Copies of all deed restrictions, including those required by the Board of County Commissioners to govern the future use of all land in the PUD, covenants, grants of easements or restrictions to be imposed upon the use of the land, buildings and structures. The attached drawings depict the allowable sites for placement of buildings and structures on the lots. Restrictions on the building envelopes and protection of the absorption fields are included in the covenants. Deed restrictions have not been requested and are not deemed necessary. 9. An Improvement Agreement according policy regarding collateral for improvements. This form is provided by the Department of Planning Services. The applicant will complete this form showing the improvements that the applicant is required to construct and the type of collateral which will guarantee installation of improvements. Improvement agreements shall comply with Sections 24-9-10 and 24-9-20 of the WCC. r Rinko, LLC Longs Peak Estates— Case Z-543 Kim Ogle May 12, 2003 Page 4 The drafted Improvements Agreement(four(4) copies)is separately attached to this submittal and includes guarantee of installation of the on-site or private improvements. This agreement addresses the on-site improvements, including the on-site road improvements, the water line installation,the ditch improvements, site drainage and storm water work, landscaping, and utility improvements. 10. Evidence from the appropriate jurisdiction stating that the street and/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 zone district. The proposed PUD has been reviewed by Weld County Public Works Department with detailed findings included with the Change of Zone submittal. The Internal Memorandum from Mr. Drew Scheltinga, P.E., Engineering Manager to Planning documenting the requirements for Final Plan is attached for evidence of approval (Attachment E). In the Internal Memorandum, six conditions are required for Final Plat. These conditional items are addressed in the submittal as outlined in the summary response in Attachment E. Also included in Attachment E is the completed Weld County Road Access Information Sheet. 11. An off-site road improvements agreement proposal. The off-site road improvement proposal shall describe, in detail, the type of off-site road improvements to determine if the requirement for street or highway facilities will be adequate in functional classification, width and structural capacity to meet the traffic requirements. The method of guaranteeing the installation of off-site road improvements shall be described as part of the agreement and shall conform with Weld County's policy regarding Collateral for Improvements. The off-site road Improvements Agreement(four(4)copies) is separately attached to this submittal as a draft Improvements Agreement(Public) which addresses the off-site road improvements. The design package addresses the comments from Public Works Department and includes a guarantee of installation. 12. A PUD construction schedule showing the approximate dates when construction of the development is proposed to start and finish. This shall describe the stages in which the development will be constructed, and the number of buildings or structures, and the amount of common open space to be completed at each stage. The target construction schedules for the PUD completion are included with the improvements agreements. We intend to complete the buildout in one stage with the completion of the common open space at that time. Construction of the individual homes will vary depending on market conditions. 13. A statement describing the method offinancing for the development. The statement shall include the estimated construction cost and proposed method offinancing of the street and related facilities, water distribution system, sewage collection system,floodplain protection, storm drainage facilities and such other facilities, as may be necessary. Rinko, LLC Longs Peak Estates— Case Z-543 Kim Ogle May 12, 2003 Page 5 The estimated construction costs are included in the Improvements Agreements attached. The project will be privately funded by Propp Realty, Inc. with appropriate line of credit letter provided upon acceptance of the Final Plan. Details on the street and related facilities required are included in the drawing package. 14. A certified list of the names, addresses and the corresponding Parcel Identification Number assigned by the Weld County Assessor of the owners of property(the surface estate) within five hundred(500)feet of the property subject to the application. The source of such list shall be the records of the Weld County Assessor, or an ownership update from a title or abstract company or attorney, derived from such records, or from the records of the Weld County Clerk and Recorder. If the list was assembled from the records of the Assessor, the applicant shall certify that such list was assembled within thirty days of the application submission date. The required list of information is provided as a separate attachment to this submittal. This applicant certifies that this list was assembled within 30 days of the application submission date. 15. A certified list of the names and addresses of mineral owners and lessees of mineral owners on or under the parcel of land being considered. The source of such list shall be assembled from the records of the Weld County Clerk and Recorder or from an ownership update from a title or abstract company or an attorney derived from such records. The issues regarding the mineral rights have been addressed prior to the acceptance of the Change of Zone Plat Map and thus approved in the Weld County Board of County Commissioners Resolution of October 24, 2001. A copy of this agreement is separately attached to this submittal for reference. 16. A statement indicating that the proposed PUD Final Plan is in compliance and meets all criteria as set forth in the Change of Zone. The statement should demonstrate a detailed description of the uses on site and demonstrate how the Development Guide has been followed and adhered to. This proposed PUD Final Plan is in compliance and meets all criteria as set forth in the Change of Zone. The supporting material provides documentation on the site uses, open space commitment, and execution of the development guide established for Longs Peak Estates. 17. A Final Plan plat map. Appearing separately attached is the Final Plan plat map and associated drawings. 18. A Landscape Map. r Appearing separately attached is the Landscape Map and associated drawings. Rinko, LLC Longs Peak Estates— Case Z-543 Kim Ogle May 12, 2003 Page 6 19. A Utility Map. Appearing separately attached is the Utility Map and associated drawings. Resolution Item 4. Specific Items for Final Plan Item 4A. Improvement Agreements A draft Improvements Agreement was submitted with the Change of Zone Plat Map and approved. The attached drawing package and related information formed the basis for the revised Improvements Agreements. The agreements address the roads, trails, landscaping, and other construction elements. The drafts of the proposed final Improvements Agreement are provided for review and contain updated construction cost estimates. We are requesting that the roads be placed on the Weld County road system. Item 4B. Method of Trail and Open Space Maintenance The Homeowners' Association(HOA)will be responsible for the maintenance of the on-site trails, open space, and landscape maintenance. The Homeowners' Association will subcontract these services to qualified landscape maintenance firms and pay for these services through association fees. Item 4C. Covenant and HOA Open Space Management The covenants and HOA will address and manage open space maintenance and landscaping. A draft covenants is separately attached to this submittal for Weld County Planning review and comment. Item 4D. Second Absorption Field Preservation Specific language for the preservation of the second absorption field envelope is contained in the covenants and appears of the site drawings for each lot. Item 4E. Evidence of Left Hand Water District Taps and Conditions Addressed Left Hand Water District has provided the water taps for the development. Detailed information regarding their conditions of development and demonstration of available water sources and taps have been provided in the Change of Zone submittal. Appearing in Attachment F are recent water bills demonstrating continued ownership of the water taps. Item 4F. Lot Easement Requirements The Final Plan plat map shows fifteen(15) foot perimeter and ten (10) foot lot line easements for utilities. Rinko, LLC Longs Peak Estates— Case Z-543 Kim Ogle May 12, 2003 Page 7 Item 4G. Detailed Drainage Study A detailed drainage study is provided as a separate attachment to this submittal. Item 4H. Roadway Plans The drawing package separately attached includes the final roadway plans for Weld County Public Works Department. We intend these drawing to be forwarded to Public Works for review and comment. Upon receipt of comment,we will modify and finalize the drawings and obtain evidence of approval for the Department of Planning Services. Item 4I. Digital Drawing Files The Final Plan plat map will be provided in digital format complying with the requirements listed in this item. Once the drawings separately attached are approved by Weld County Planning, signed mylars will be provided and digital copies forwarded to you for inclusion into this document. Item 4J. Board of County Commissioners Approval r We understand that once approved and accepted by the Department of Planning Services,the Weld County Board of County Commissioners will review the Final Plan application for final approval. Resolution Item 5. Building Permits Resolution Items 5A through 5E address actions necessary prior to the release of building permits. These tasks will be completed after the Final Plan approval. We trust this package addresses the conditions of the Resolution for submittal of the Final Plan Application and Plat Map. This submittal the Final Plan package is in draft form for your review and comment. Your input on this submittal is requested so that the Final Plan can be modified to meet your expectations. Should you have any questions or require additional documentation,please do not hesitate to contact me at(303) 601-9230. Sincerely, John Rinko,Jr.,P.E. cc: Daryll Propp, Propp Realty, Inc. Rinko, LLC Longs Peak Estates— Case Z-543 DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR LONGS PEAK ESTATES Daryll D. Propp and Carol A. Propp (collectively, "Declarant"), as the owners of certain real property located in Weld County, Colorado, and more particularly described on Exhibit A, attached hereto and incorporated herein by this reference (the "Properties"), which Properties consist of seven (7) individual Lots to be sold, and related Common Area and Common Area Improvements as set forth on a Plat recorded or to be recorded, hereby makes the following grants, submissions, and declarations: RECITALS Declarant desires to provide for the preservation and enhancement of property values, and opportunities in the Properties, contributing to the personal and general health, safety and welfare of residents and for the maintenance of the Common Area and Improvements, and to this end, Declarant desires to subject the Properties, together with such additions as may hereafter be made thereto, to the covenants, conditions, restrictions, easements, charges and liens hereinafter set forth, each and all of which is and are for the benefit of the Properties and each Owner thereof. DECLARATION NOW,THEREFORE,Declarant declares that the Properties and such additions as may hereafter be made are and shall be held, transferred, sold, conveyed and occupied subject to the following uniform covenants, conditions, restrictions, easements, charges and liens which shall run with the real property and be binding on all persons having or acquiring any right, title or interest in the Properties or any part thereof, their heirs, successors, and assigns, and shall inure to the benefit of,be binding upon, and be enforceable by Declarant, its successors in interest, each Owner and his successors in interest, and the Longs Peak Estates Homeowners Association, and its successors in interest. I. DEFINITIONS The following terms shall have the following meanings when used,unless the context otherwise requires: Longs Peak CCRs 9-6-02.wpd 1.1 Association. "Association" shall mean and include Longs Peak Estates Homeowners Association, a Colorado non-profit corporation, its successors and assigns. 1.2 Board of Directors. "Board of Directors" or"Board"shall mean and include the governing body of the Association as provided in this Declaration, the Articles of Incorporation and the By-Laws thereof. 1.3 Building. "Building" shall mean and include any building constructed on..the Properties. 1.4 Common Area. "Common Area"shall mean and refer to all real property owned by or reserved for the Association for the common use and enjoyment of the Owners. The Common Area to be owned by or reserved for the Association at the time of the conveyance of the first Lot is described in Exhibit B. 1.5 Common Area Improvements. "Common Area Improvements" shall mean and refer to any and all improvements located in, under, or upon the Common Area, as originally developed and constructed by Declarant or as later added by the Association, which Common Area Improvements may include but shall not be limited to entrances, open space, trails and any non-dedicated and private roadways, all as may be located upon the Common Area described herein. 1.6 Common Expense. "Common Expense" shall mean and refer to: 1.6.1 Expenses of administration, operation or management, repair, maintenance or replacement of the Common Area of the Project; 1.6.2 Expenses declared Common Expenses by the provisions of this Declaration, the Articles of Incorporation and By-Laws of the Association; 1.6.3 All sums lawfully assessed against the Lots by the Board of Directors of the Association; 1.6.4 Expenses determined to be Common Expenses by the Association; 1.6.5 Expenses as are provided in any management agreement applicable to the Properties; and 1.6.6 Expenses incurred in the maintenance of any property over which the Association has a license and maintenance agreement with public agencies, authorities or Longs Peak CCRs 9-6-02.wpd 2 utilities, including, but not limited to United Power, Inc., Qwest, Inc. and Weld County, Colorado. 1.7 Declarant. "Declarant" shall mean and include Daryll D. Propp and Carol A. Propp, their heirs, successors and assigns, if a notice of assignment of Declarant's rights hereunder is recorded in the records of the Office of the Clerk and Recorder of Weld County, Colorado, specifying the assignee of Declarant's rights. 1.8 Declarant Control Period. "Declarant Control Period"means the period of time beginning on the date on which the Declaration is recorded in the records of the Clerk and Recorder of Weld County, Colorado, and ending on the happening of any of the following events, whichever occurs first: 1.8.1 Upon the date sixty (60) days after the date on which Declarant has conveyed all of the Lots to purchasers other than Declarant; or 1.8.2 Upon the date twenty (20) years after the effective date of this Declaration; or 1.8.3 On a date certain set forth in a written notice from Declarant to the Secretary of the Association of its intent to terminate this reserved right as of such date; provided, however, that in the event there is more than one Declarant, such notice must be signed by all such Declarants. 1.9 Declaration. "Declaration"shall mean and include this instrument together with any and all supplements and/or amendments hereto recorded in the records of the Office of the Clerk and Recorder of Weld County, Colorado. 1.10 First Mortgage. "First Mortgage" shall mean and refer to any unpaid and outstanding mortgage, deed of trust or other security instrument recorded in the records of the Office of the Clerk and Recorder of Weld County,Colorado, encumbering any Lot having priority of record over all other recorded liens except those governmental liens made superior by statute (such as general ad valorem tax liens and special assessments). "First Mortgage" shall also mean and refer to any executory land sales contract wherein the Administrator of Veterans Affairs, an Officer of the United States of America, is the seller, whether such contract is recorded or not, and whether such contract is owned by the Administrator or has been assigned by the Administrator and is owned by the Admin- istrator's assignee, or a remote assignee, and the land records in the Office of the Clerk and Recorder of Weld County, Colorado show the Administrator as having the record title to the Lot. Longs Peak CCRs 9-6-02.wpd 3 1.11 First Mortgagee. "First Mortgagee" shall mean and include the holder or beneficiary of any recorded First Mortgage. 1.12 Improvement. "Improvement"shall mean and refer to any Residence,building, garage, out-building, structure, fixture, landscaping, site grading, driveway, sidewalk, drainage channel,culvert,roadway, fence,wall,deck,patio,shed,swimming pool, or pond, located on any part of the Project or Properties, including, but not limited to, buildings, structures or fixtures located on the Properties or any Lot prior to the recording and effective dates of this Declaration. 1.13 Longs Peak Estates. "Longs Peak Estates" shall mean the Project and the Properties as defined in Section 1.20. 1.14 Licensed Property. "Licensed Property" shall mean and include any property owned by a governmental unit or entity which is maintained by the Association and used by the Members pursuant to a license agreement with a governmental unit or entity. 1.15 Member. "Member" shall mean and refer to those persons entitled to membership in the Association. "Member" and "Owner" (as hereinafter defined) may be used interchangeably herein, unless the context provides otherwise. 1.16 Mortgage. "Mortgage" shall mean and include any recorded mortgage, deed of trust or other security instrument by which a Lot or any part thereof is encumbered. 1.17 Mortgagee. "Mortgagee" shall mean and include a beneficiary under a Mortgage. 1.18 Owner. "Owner" shall mean and include any person or entity, including the Declarant, at any time owning a Lot. The term "Owner" shall not refer to any Mortgagee as herein defined, unless such Mortgagee has acquired title pursuant to foreclosure, or any proceeding in lieu of foreclosure. The terms "Owner" and "Member" (as herein above defined) may be used interchangeably herein, unless the context provides otherwise. 1.19 Participating Builder. "Participating Builder"shall mean an Owner other than Declarant which acquires a portion of the Properties from Declarant for the purpose of reselling or leasing the Residences thereon and which is designated in writing by Declarant as a Participating Builder by instrument duly recorded in the records of the Office of the Clerk and Recorder of Weld County, Colorado. 1.20 Plat. As used herein, the term "Plat" shall refer to the final plat of Longs Peak Estates P.U.D.,recorded ,20_,in Book ,at Page ,under Reception Longs Peak CCRs 9-6-02.wpd 4 No. , of the records of the Office of the Clerk and Recorder of Weld County, Colorado. 1.21 Properties and Project. "Properties"and"Project"shall mean and refer to that certain real property described on Exhibit A. 1.22 Residence. "Residence"shall mean and refer to the improvements located upon any Lot built for single family occupancy as a residence which are constructed on or after the date on which this Declaration is recorded in the records of the Office of the Clerk and Recorder of Weld County, Colorado. 1.23 Supplementary Declaration. "Supplementary Declaration" shall mean any Declaration of Covenants, Conditions, or Restrictions which may be recorded on a portion of the Property which is in addition to this Declaration and contains covenants, conditions, and restrictions, in addition to those set forth herein applicable only to that portion of the Property. 1.24 Lot. "Lot" shall mean and refer to any numbered lot as described on the Plat, with the exception of the Common Area. 1.25 Lot Improvement. "Lot Improvement" shall mean and refer to any Improvements located upon a Lot in addition to a Residence, as above defined, as such Improvements were originally installed by the Declarant or later approved for installation by the Association and intended for use in connection with the ownership of such Lot. IL PROPERTY RIGHTS 2.1 Owners'Easements of Enjoyment. Every Owner shall have a right and easement of enjoyment in and to the Common Area and any Licensed Property which shall be appurtenant to and shall pass with the tide to every Lot, subject to the following provisions: 2.1.1 The right of the Association to suspend the voting rights and right to use of any Common Area and Common Area Improvements by a Member for any period during which any assessment against his Lot remains unpaid, and for a period not to exceed sixty (60) days for any and each infraction of its published Rules and Regulations; provided, however, that the Association shall have no right to restrict or deprive the Owner's right to ingress and egress to and from his Lot; and 2.1.2 The right of the Association to dedicate all or any part of the Common Area to any public agency, authority or utility for such purposes and subject to such conditions as may be agreed to by the Members as provided in Section 4.6. Longs Peak CCRs 9-6i-02.wpd 5 2.2 Delegation of Use. Any Owner may delegate, in accordance with the By-Laws, his right of enjoyment to the Common Area, Licensed Property, and Common Area Improvements to the members of his family, his tenants, invitees, or contract purchasers who reside on the Properties. 2.3 Common Area and Improvements Thereon. Declarant hereby covenants for itself, its successors and assigns, that prior to the conveyance of the first Lot to an Owner other than a successor Declarant or Participating Builder, Declarant shall convey to the Association, for the benefit of all of the Owners, any Common Area and Common Area Improvements for the benefit of the Association and all of the Owners, free and clear of all liens and encumbrances, except taxes for the current and subsequent years and subject to easements, rights-of-way, covenants, conditions, exceptions and reservations of record. M. EASEMENTS 3.1 Easements for Encroachments. If any portion of the Common Area, or Common Area Improvement thereon, now or hereafter encroaches upon any Lot, or if any Lot or Lot Improvement thereon, now or hereafter encroaches upon any other Lot or upon any portion of the Common Area, as a result of the construction of a Building or other Improvement, or if any such encroachments shall occur hereafter as a result of settling or shifting of any Building or other Improvement or for any other reason, a valid easement shall be deemed to exist for the encroachment and for the maintenance of the same shall exist so long as the Building or other Improvement shall exist. In the event any Residence, Lot Improvement, or adjoining Common Area Improvement, shall be partially or totally destroyed or taken as a result of condemnation or eminent domain proceedings and then rebuilt at the same location, encroachments due to this rebuilding shall be permitted, and valid easements for such encroachment and the maintenance thereof shall exist so long as the Building or other Improvement shall stand. The foregoing encroachments shall not be construed to be encumbrances affecting the marketability of title to any Lot. 3.2 Maintenance Easement. An easement is hereby granted to the Association, to be exercised by its officers, directors, agents, employees and contractors upon, across, in, over and under the Common Area as may be necessary or appropriate to perform the duties and functions which it is obligated or permitted to perform pursuant to this Declaration, including the right to construct and maintain on the Common Area maintenance and storage facilities for the use of the Association. The Association is hereby granted the right to create easements upon, across, in over and under the Common Area for installing, replacing, repairing and maintaining all utilities, including but not limited to water, sewer, gas, telephone, electricity, master television antenna system, and cable television, if any; provided, however, that such easements are reasonably necessary for the ongoing development and operation of the Project. Longs Peak CCRs 9-6-02.wpd 6 3.3 Emergency Easement. An easement for ingress and egress is hereby granted to all fire protection, ambulance and other similar emergency agencies or persons to enter upon the Common Area and all Lots in the Project in the performance of their duties. IV. THE ASSOCIATION 4.1 The Association. The administration of the Project shall be governed by this Declaration and the Articles of Incorporation and By-Laws of Longs Peak Estates Homeowners Association, a Colorado nonprofit corporation. 4.2 Membership. An Owner of a Lot shall automatically become a Member of the Association and shall remain a Member for the period of the Owner's Lot ownership. If tide to a Lot is held by more than one person, the membership appurtenant to that Lot shall be shared by all such persons in the same proportion of interests and by the same type of tenancy in which the tide of the Lot is held. An Owner shall be entitled to one membership for each Lot owned. Each membership shall be appurtenant to the Lot and shall be transferred automatically by conveyance of the Lot. No Member shall be entitled to a preemptive right or option to purchase any Lot. No person or entity other than an Owner may be a Member of the Association, but the rights of membership may be assigned to a Mortgagee as further security for loans secured by a Mortgage of a Lot. 4.3 Voting Rights: Declarant Control. 4.3.1 Voting Rights. The Owners shall comprise the only class of membership in the Association. All Owners shall be entided to one (1) vote for each Lot owned on any matter on which voting by the Owners is permitted or required by this Declaration, the Articles of Incorporation or By-Laws of the Association. When more than one (1) person holds an interest in any Lot, all such persons shall be Members. The vote for such Lot shall be exercised as they among themselves determine, but in no event shall more than one (1) vote be cast with respect to any Lot. 4.3.2 Declarant Control. Declarant shall be entitled to exercise certain of the reserved rights specified in this Declaration only during the Declarant Control Period, including but not limited to the right to appoint the members of the Board of Directors of the Association as provided in Section 4.4.2. 4.3.3 Within sixty (60) days after the expiration of the Declarant Control Period: r Longs Peak CCRs 9E-02.wpd 7 4.3.3.1 The Directors of the Association appointed by Declarant shall resign. 4.3.3.2 The Association shall hold a meeting for the purpose, among other things, of electing Directors to fill the vacancies on the Board of Directors. 4.4 Board of Directors. 4.4.1 The Association shall be managed by its Board of Directors. The Board of Directors shall be elected by a vote of the Owners in annual meetings or special meetings of the Association, at which a quorum is present, called for that purpose according to the Articles of Incorporation and By-Laws of the Association. The Board of Directors shall have such powers and duties and shall serve for such terms of office as are set forth in the Articles of Incorporation and By-Laws of the Association. 4.4.2 Notwithstanding the foregoing voting rights of the Owners, Declarant hereby reserves the right to appoint the Board of Directors of the Association during the Declarant Control Period. 4.4.3 Notwithstanding any provision to the contrary in this Declaration, the Members other than Declarant shall be entitled to remove any member of the Board of Directors, other than any Director appointed by Declarant, by the affirmative vote of sixty- seven percent (67%) of the Members other than Declarant without the prior written approval of the First Mortgagees. 4.5 Transfer. Except as otherwise expressly stated herein,any of the rights, interests and obligations of the Association set forth or reserved herein may not be transferred or assigned to any other person or entity. No such transfer or assignment shall relieve the Association of any of the obligations set forth herein. No such transfer or assignment shall revoke or change any of the rights or obligations of any Owners as set forth herein. 4.6 Powers. The Association shall be granted all of the powers described in the Colorado Revised Nonprofit Corporation Act, as well as all powers necessary to govern, manage, maintain, repair, administer, and regulate the Project and to perform all of the duties required of the Association. Notwithstanding the above, unless sixty-seven percent (67%) of the First Mortgagees,who have registered pursuant to Section 15.7 below (based upon one (1) vote for each Lot subject to a First Mortgage owned or held), have given their prior written approval as provided in Section 15.8 below, and the Owners to which sixty- seven percent (67%) of the votes in the Association are allocated have given their prior written approval, the Association shall not be empowered or entitled to: Longs Peak CCRs 9-6-02.wpd 8 4.6.1 By act or omission,seek to abandon or terminate the Project or dissolve the Association; 4.6.2 Partition or subdivide any Lot. 4.6.3 Annex any additional land into the Project by means of an amendment to this Declaration; 4.6.4 By act or omission, seek to abandon,partition, subdivide, the Common Area or any Common Area Improvements thereon (provided that the granting of easements for public utilities, including cable television, or for other public purposes consistent with the intended uses of such Common Area by the Association shall not be deemed a transfer within the meaning of this clause); 4.6.5 Use hazard insurance proceeds for loss to the Common Area Improvements for other than the repair, replacement, or reconstruction of such Common Area Improvements; 4.6.6 Merge or consolidate with another project or association, except for such provisions as may otherwise be provided herein relating to the annexation of additional lands to the Properties; 4.6.7 Except as may result from the exercise of the provisions regarding the annexation of property in this Declaration, change the method of determining the obligations, assessments, dues or other charges which may be levied against an Owner; 4.6.8 Change the voting rights or the extent of rights and easements of each Owner in and to the Common Area and Common Area Improvements thereon; 4.6.9 By act or omission change,waive or abandon any scheme of regulations, or enforcement thereof, pertaining to the architectural design or exterior appearance of Residences, or the maintenance or upkeep of the Common Area; or 4.6.10 Fail to maintain fire and extended coverage on insurable Common Area Improvements on a current replacement cost basis in an amount not less than one hundred percent (100%) of the insurable value (based on current replacement costs). Notwithstanding the foregoing provisions in this Section, unless sixty-seven percent (67%) of the First Mortgagees who have registered pursuant to Section 15.7 (based upon one vote for each Lot subject to a First Mortgagee owned or held) have given their approval as provided in Section 15.8, and the Owners to which one hundred percent (100%) of the Longs Peak CCRs 9-6-02.wpd 9 votes in the Association are allocated have been given their prior written approval, the Association shall not be empowered or entitled to abandon, mortgage, encumber, sell or transfer the Common Area or any Common Area Improvements thereon (provided that the granting of easements for utilities, including cable television, or for other public purposes consistent with the intended uses of such Common Area by the Association shall not be deemed a transfer). 4.7 Examination of Books and Records. All Owners, First Mortgagees, insurers or guarantors of a First Mortgage of a Lot in the Project shall, upon request, be entitled to: 4.7.1 Inspect the books and records of the Association during normal business hours; 4.7.2 Receive a copy of a financial statement of the Association for the preceding fiscal year at no charge; 4.7.3 Written notice of all meetings of the Association and be permitted to designate a representative to attend all of such meetings; and 4.7.4 Current copies of this Declaration, By-Laws, Articles of Incorporation and any Rules and Regulations concerning the Project, provided that reasonable copying charges are advanced to the Association by the party requesting copies. If requested by a holder, insurer or guarantor of a First Mortgage in writing, an audited financial statement for the immediately preceding fiscal year will be provided free of charge to the party so requesting, if available. If an audited financial statement is unavailable, then one shall be prepared at the requesting party's expense and furnished within a reasonable time following such request. V. CERTAIN RIGHTS AND OBLIGATIONS OF THE ASSOCIATION 5.1 Common Area. The Association, subject to the rights of Owners with respect to their individual Lots, shall be responsible for the exclusive management and control of the Common Area and Common Area Improvements (including furnishings and equipment related thereto), and shall maintain and keep the same in good, dean and attractive condition.The Association may,upon acceptable license and maintenance agreements with public agencies, utilities, or jurisdictions, assume responsibility for maintaining any entryways, sidewalks, fences, landscaping improvements and other improvements within rights-of-way and other properties owned by such public agencies on property owned by such public agencies, utilities, ditch companies or jurisdictions, including, but not limited r— Longs Peak CCRs 9-6-02.wpd 10 to, Weld County, Colorado. The cost of such management operation, maintenance, and repair by the Association shall be borne as provided in Article VI. 5.2 Landscape Plan. The Association shall maintain the open space and/or trail in conformity with the landscape plan and maintenance schedule approved by Weld County as part of the Plat (the"Landscape Plan"). The cost of such management operation, mainte- nance, and repair by the Association shall be borne as provided in Article VI. 5.3 Ditch Maintenance. The Association shall maintain a portion of the ditch right-of- way along the eastern border of the southern half of the Project, as indicated on the [Plat and/or Landscape Plan], for the irrigation ditch owned by The Farmers Reservoir and Irrigation Company. The Association shall have the authority to enter into such agreements as may be necessary or appropriate to carry out the purposes of this provision. 5.4 Miscellaneous Services. The Association may obtain and pay for the services of any person or entity to manage its affairs, or any part thereof, to the extent it deems advisable, as well as such other personnel as the Association shall determine to be necessary or desirable for the proper operation of the Project, whether such personnel are furnished or employed directly by the Association or by any person or entity with whom or which it contracts. The Association may obtain and pay for legal and accounting services necessary or desirable in connection with the operation of the Project or the enforcement of this Declaration. The Association may arrange with others to furnish lighting, heating, water, trash collection,snow removal,building and grounds maintenance,sewer service,firewood, and other services as appropriate to the Project. During the Declarant Control Period, any contracts or leases entered into shall contain a right of termination, without cause, which is exercisable without penalty at any time after transfer of control, upon not more than ninety (90) days prior written notice to the other party thereto; however, such right of termination need not be present in those contracts and leases wherein the subject matter is an essential service and where long term contracts are required. The cost of such services shall be borne as provided in Article VI. 5.5 Professional Management. The Association may obtain and pay for services of a professional "Management Contractor" to manage its affairs, or any part thereof, to the extent it deems advisable, whether such services are in lieu of, or supplemental to, the services described under Section 5.2 above. During the Declarant Control Period, any management contracts entered into by the Association with respect to such professional management of the Properties, and any contracts that such professional management shall enter into on behalf of the Association, shall be for a term not to exceed one (1) year, and must contain a provision allowing either party to cancel the contract with or without cause, and without a payment of a termination fee or penalty, upon thirty (30) days' prior written notice. Further, and in connection with the Association's right to contract for management Longs Peak CCRs 9E-02.wpd 11 and personnel, whether on-site or off-site in nature, the Association shall have the right to limit the use of portions of the Common Area for purposes of maintenance and storage facilities, management office facilities, management housing facilities to the extent allowable, and other such purposes as deemed desirable and necessary by the Association for the purposes of management and maintenance of the Properties. The professional Management Contractor shall be an independent contractor and neither the contractor, nor any of its employees, shall be considered as employees of the Association. 5.6 Common Area Use. Common Area and Common Area Improvements described in Sections 1.4 and 1.5 of this Declaration and any licenses obtained by the Association for use of publicly owned properties are dedicated to the common use and enjoyment of the Owners for pedestrian traffic, vehicular traffic, equestrian traffic, and other such uses common to all the Owners as determined by the Association, pursuant to the covenants, provisions, and restrictions contained herein, or as further defined in the Association By- Laws and any Rules and Regulations promulgated by the Association. 5.7 Maintenance of Individual Lots. The ownership of the Lots, together with Residences and existing Lot Improvements, shall be evidenced by a Deed to such Lot, together with the Improvements thereon. Maintenance, upkeep, and repairs of the Lots shall be the sole responsibility of the individual Owners thereof, except those portions of the Lots within the Common Area. 5.8 Identity of Board of Directors. From time to time, but not less than annually, there shall be mailed by the Association to each Owner a notice containing the names and addresses of the members of the Board of Directors, and the Management Contractor, if there is one. 5.9 Rights of Action. The Association and any Owner shall have an appropriate right of action at law or in equity against any person or other Owner to enjoin the violation of any of the provisions of this Declaration or with decisions of the Association made pursuant to this Declaration and for failure to comply with the provisions of this Declaration or with decisions of the Association made pursuant to this Declaration; and any Owner shall have similar rights of action against the Association. Any remedies granted to the Association in this Declaration shall be in addition to any remedies otherwise available to it at law or in equity. VI. ASSESSMENTS 6.1 Obligation. 6.1.1 All Owners (INCLUDING Declarant and any Participating Builder) shall be obligated to pay the estimated assessments imposed by the Board of Directors to meet Longs Peak CCRs 9-6-02.wpd 12 the common expenses of maintenance, operation and management of the Property, the Association, and the various functions and duties of the Association. The Board may establish any reasonable system for periodic collection of Common Expenses, in advance or arrears as deemed desirable. Initially, the assessment for the estimated Common Expenses on an annual basis shall be payable quarterly in advance on the first day of each quarter. In the event a Lot is sold to a non-Declarant purchaser during the year, the annual assessment shall be prorated to the closing date and paid at closing, together with the working capital deposit required by Section 6.13 hereof. 6.1.2 Assessments made shall be based upon a budget of the estimated cash requirements as the Board shall, from time to time, determine to be paid by all of the Owners. Estimated expenses shall include the cost of maintenance and operation of the Common Area, Common Area Improvements, cost of maintenance of the publicly owned properties subject to a license and maintenance agreement as described in Section 5.1, expenses of management, taxes and special assessments, unless separately assessed, insurance premiums for insurance coverage as required herein or as deemed desirable or necessary by the Board, landscaping, care of grounds, wages, legal and accounting fees, management fees,expenses and liabilities incurred by the Board or Management Contractor under or by reason of this Declaration, payment of any deficit remaining from a previous assessment period,the creation of a reasonable contingency or other reserve or surplus fund for the maintenance or replacement of those Common Area Improvements which must be maintained or replaced on a periodic basis, as well as other costs and expenses relating to the Common Area, Licensed Property, and the purposes and responsibilities of the Associ- ation. The omission or failure of the Board to fix the assessments for any assessment period shall not be deemed a waiver, modification, or release of the Owners from their obligation to pay the same. The Board shall have the right, but not the obligation, to make pro-rata refunds of any assessments in excess of the actual expenses incurred after the end of the fiscal year. 6.2 Maximum Annual Assessment. Until January 1 of the year immediately following the conveyance of the first Lot to an Owner other than Declarant or a Participating Builder, the maximum annual assessment shall be Dollars ($ ) per Lot per year. 6.2.1 From and after January 1 of the year immediately following the conveyance of the first Lot to an Owner, the maximum annual assessment may be increased by not more than ten percent (10%) by the Board of Directors of the Association without a vote of the Members; provided, however, that at any regular meeting of the Association or a special meeting called for this purpose, the maximum annual assessment may be increased by more than ten percent (10%) by a vote of a majority of the Members. Longs Peak CCRs 9-6-02.wpd 13 6.2.2 The Board of Directors may fix the annual assessment at an amount not in excess of the maximum. 6.3 Initial Assessment. The Association shall not levy a Common Expense or special assessment until at least fifty percent (50%) of the Lots are owned by Owners other than Declarant or a Participating Builder. Declarant shall pay the expenses of the Association until such time as the Association begins levying assessments against all of the Lots. 6.4 Uniform Rate of Assessment. Both annual and special assessments must be fixed at a uniform rate for all Lots, and may be collected on an annual or more frequent basis, as determined by the Board of Directors. The assessment for each Lot shall be the amount of estimated expenses determined by the Board under Sections 6.1 or 6.6 divided by the total number of Lots in the Project at the time of such assessment, including any Lots owned by Declarant or any Participating Builder. 6.5 Time For Payment of Assessments. Assessments shall be due and payable within fifteen (15) days after written notice of the amount thereof shall have been mailed to the registered mailing address of the respective Owner of a Lot. Each assessment shall bear interest at the rate of twenty-one percent (21%) per annum from the date it becomes due and payable if not paid within fifteen (15) days after such date, and there shall be a Twenty Dollar ($20.00) late charge for each installment of assessment payment that is delinquent. Failure of the Association to give timely notice of any assessment as provided herein shall not affect the liability of the Owner of any Lot for such assessment, but the date when payment shall become due in such case shall be deferred to a date fifteen (15) days after the due date indicated in the properly sent notice. The Association may elect to have the annual assessments paid monthly,or such other periodic basis deemed desirable by the Association; and a default in the payment of any one installment of the annual assessment shall additionally give the Association the right to accelerate the remaining amount of annual assessment as immediately due and payable, as further referenced hereinafter. 6.6 Special Assessments For Capital Improvements. In addition to the annual assessments authorized by this Article, the Board of Directors may levy in any assessment year a special assessment payable over such a period as the Association may determine, for the purpose of defraying, in whole or in pan, the cost of any construction or reconstruction, unexpected repair or replacement of the Project or any part thereof, or for any other expense or purchase incurred or to be incurred as provided in this Declaration. This Section shall not be construed as an independent source of authority for the Association to incur expense,but shall be construed to prescribe the manner of assessing the expense authorized by other Sections hereof which shall make specific references to this Article or as set forth in the preceding sentence. Any amounts assessed pursuant hereto shall be assessed to Longs Peak CCRs 9{r02.wpo 14 Owners at a uniform rate. Notice in writing of the amount of such special assessments and the time for payment thereof shall be given promptly to the Owners and no payment shall be due less than thirty (30) days after such notice shall have been mailed to the registered mailing address of the respective Owner. A special assessment shall bear interest at the rate of twenty-one percent (21%) per annum from the date it becomes due and payable, if not paid within thirty (30) days after such date, and there shall be a reasonable late charge as set by the Board of Directors. 6.7 Budget Ratification. 6.7.1 At least ninety (90) days prior to levying any annual or special assessment, the Board of Directors shall adopt a proposed budget of the estimated cash requirements for that assessment. Within thirty (30) days after that proposed budget is adopted, the Secretary of the Association (on behalf of the Board of Directors) shall cause to be delivered to each Owner at his or its registered address, by regular United States mail, first-class postage prepaid, the following: (i) a summary of the proposed budget, (ii) a statement of the amount of the assessment per Lot and the number and amount of any installments thereof, and (iii) a notice of a meeting of the Association which shall specify (a) that the purpose or one of the purposes of the meeting is to allow the Owners to vote on the proposed budget, and (b) the date, place and time of the meeting. The meeting shall be held not less than fourteen (14) nor more than sixty (60) days after the date on which the notice is mailed to the Owners. 6.7.2 At the meeting held pursuant to this Section 6.7, the proposed budget shall be submitted to the Owners for approval. Unless sixty-seven percent (67%) of the Owners (regardless of whether a quorum is present) affirmatively vote against approving the proposed budget in person or by proxy, the proposed budget shall be deemed ratified by the Association. In the event a proposed budget is not ratified, the most recent periodic budget in effect shall continue until the Owners ratify a subsequent budget proposed by the Board of Directors. If the proposed budget is not ratified, the Board of Directors shall propose a subsequent budget within fifteen (15) days after the date of the meeting and submit that proposed budget for ratification by the Owners in the manner set forth above for the originally proposed budget. 6.8 Assessment Lien. 6.8.1 All sums assessed but unpaid for the share of Common Expenses or special assessments chargeable to any Lot, including any fees, late charges, fines, interest, costs or attorneys' fees, shall constitute a lien on such Lot superior to all other liens and encumbrances except (a) tax and special assessment liens on the Lot in favor of a taxing authority and (b) all sums unpaid on a First Mortgage of record, including all unpaid Longs Peak CCRs 9-6-02 wpd 15 obligatory sums as may be provided by such encumbrance. Notwithstanding anything in the preceding sentence, the lien provided by this Article VI shall be prior and superior a First Mortgage with respect to annual assessments for Common Expenses in an amount equal to the Common Expense assessment based on a periodic budget adopted in accordance with Section 6.7, which would have become due in the absence of any acceleration, during the six (6) months immediately preceding institution by either the Association or any person holding a lien senior to any part of the Association lien of an action or a nonjudicial foreclosure either to enforce the lien or extinguish the lien. To evidence the lien as herein permitted, the Board of Directors may, but shall not be required to, prepare a written notice setting forth the amount of such unpaid indebtedness, the amount of accrued penalty thereon, the name of the Owner, and a description of the Lot and record the same in the records of the Office of the Clerk and Recorder of Weld County, Colorado. Such lien for assessment shall attach from the due date of the assessment. The lien may be enforced by foreclosure of the defaulting Owner's Lot by the Association in the manner for foreclosing a mortgage on real property. In the event of any such foreclosure, the Owner shall be liable for the amount of unpaid assessments, any interest and penalties thereon, the costs and expense of such proceedings, the costs and expense for filing the notice of the lien, and all reasonable attorneys' fees in connection therewith. 6.8.2 The Association shall have the power to bid on a Lot at foreclosure sale and to acquire and hold, lease, mortgage and convey the same. Any Mortgagee holding a Mortgage on a Lot may pay any unpaid assessment payable with respect to such Lot and any and all costs and expenses with respect thereto, and the lien on such Lot for the amounts paid shall have the same priority as the lien of the Mortgage. Except as otherwise provided in Section 6.8.1 above, the lien for assessments referred to herein shall be at all times subordinate to the lien of any First Mortgage held by a First Mortgagee. By accepting a deed to a Lot, each Owner shall thereby waive and release any and all rights and claims said Owner may have in and to the Lot as a homestead exemption or any other exemption. 6.9 Personal Obligation. The amount of any assessment chargeable against any Lot shall be a personal and individual debt of the Owner thereof. No owner may become exempt from liability for the assessment by abandonment or waiver of the use or enjoyment of any of the Common Area or Common Area Improvements. The Association may bring suit to recover a money judgment for unpaid Common Expenses plus interest, expenses and costs of collection, including attorney fees, without foreclosing or waiving the assessment lien provided herein. 6.10 Notice to First Mortgagee. If requested in writing, the Association shall report to the First Mortgagee of a Lot any default hereunder or unpaid assessments remaining in default or unpaid or uncured for longer than sixty (60) days. Longs Peak CCRs 9-6-02 woe 16 6.11 Statement of Status of Assessment Payment. Upon payment of a reasonable fee of not less than Twenty-Five Dollars ($25.00) (except for First Mortgagees who shall be exempt from such fee) and upon the written request of any Owner, Mortgagee, or designee of an Owner or Mortgagee, delivered to the Association by certified mail, first-class postage prepaid, return receipt requested, the Association shall issue a written statement setting forth the amount of the unpaid assessments, if any, with respect to such Lots, which shall be delivered to the inquiring party by certified mail, first-class postage prepaid, return receipt requested to the inquiring party at his or its address set forth in such request. Unless such request shall be complied with within fourteen (14) days after receipt of that request by the Association, and if the request was properly addressed and sent by certified mail, first-class postage prepaid, return receipt requested, then all unpaid assessments which became due prior to the date of making such request shall be subordinate to the lien of a Mortgagee which acquired its interest subsequent to requesting such statement. If the request is made by a prospective purchaser, the lien for the unpaid assessment shall be released automatically if the statement is not furnished within the fourteen (14) day period herein; provided thereafter, an additional written request is made by such purchaser, and the submission of the additional request is properly addressed and evidenced by a certified mail receipt and the request is not complied with within ten (10) days and the purchaser subsequently acquires the Lot. 6.12 Personal Liability of Purchaser For Assessments. A purchaser of a Lot shall not be personally liable for unpaid assessments against the Lot up to the time of conveyance to the purchaser. 6.13 Working Capital and Assessment Reserves. 6.13.1 Each Owner originally purchasing a Lot from Declarant shall be required to deposit and maintain continuously with the Association an amount equal to one- fourth (1/4), i.e., one calendar quarter, of the amount of the first annual Common Expense assessment, such reserve amount to be held without interest accruing to the Owner,which sum shall be used by the Association or Management Contractor as a working capital fund. This amount may be recovered by a seller from a purchaser at the time of resale. After the expiration of the Declarant Control Period, in the event the Board decides there is and will be sufficient working capital without this fund, and the reserve for repair and replacement of the Common Area is equal to or greater than the amount of the working capital fund, then this amount may be returned to each current Owner. Such advance payment shall not relieve an Owner from making the regular monthly installment payment of the annual Common Expense assessment as the same becomes due, nor shall the Association be required to deduct from such advance payment sums due for Common Expense assessments by an Owner prior to instituting any proceedings against the Owner for delinquent Common Expense assessments. r-- Longs Peak CCRs 96-02.wpd 17 6.13.2 The Association shall establish an adequate reserve fund for the maintenance, repair and replacement of the Common Area and Common Area Improvements maintained by the Association. This reserve fund shall be maintained through regular installments of Common Expense assessments. 6.14 First Mortgagee--Foreclosure--Liability for Unpaid Assessments. Each First Mortgagee of a Lot within the Project who obtains title to the Lot pursuant to the remedies provided in the Mortgage or foreclosure of the Mortgage, or any purchaser at foreclosure sale, will take the Lot free of any claims for unpaid assessments and charges against the Lot which accrue prior to six (6) months before the time such First Mortgagee or purchaser at foreclosure sale obtains title to the Lot,but shall not relieve the First Mortgagee or purchaser from liability for, or lien from, any assessments made thereafter. Any unpaid assessment, which was rendered uncollectible by the effect of this Section, may be reallocated and assessed to all Lots as a Common Expense. 6.15 Association's Right of Acceleration Upon Default. In addition to the other remedies provided for the Association upon the default of an Owner in the payment of an annual assessment, special assessment, or any installment thereof, and in the event an Owner shall default in the payment of any installment of an annual or special assessment, then the Association shall have the right to declare immediately due and owing the total amount of such annual or special assessment as remains outstanding at the time of such installment default. This right of acceleration in the event of installment default shall apply whether the Association pursues the obligation personally against the Owner or through foreclosure of the Owner's Lot, as provided above. VII. RESTRICTIVE COVENANTS AND OBLIGATIONS 7.1 Residential. The Lots are hereby restricted to residential use and uses related to the convenience and enjoyment of such residential use. No buildings or structures shall be moved from other locations onto the Lots or Common Area; no Common Area or Lot Improvements other than those originally planned or installed by Declarant shall be erected or constructed on the Common Area or upon any Lot unless approved by the Architectural Review Committee or its designated representative. No more than two (2) detached garages, barns, or other out-buildings shall be used or permitted to be kept or stored on any portion of a Lot, either temporarily or permanently, unless approved by the Architectural Review Committee. Any such buildings shall be located within applicable setbacks and shall be constructed of the same materials and have the exterior colors compatible with the Residence, and shall be subject to approval by the Architectural Review Committee. Longs Peak CCRs 9-6-02.wpd 18 7.2 Compliance With Law. No improper or unlawful use shall be permitted or made of the Properties or any part thereof. All valid laws, ordinances, and regulations of all governmental bodies having jurisdiction over the Project shall be observed. 7.3 Rules and Regulations. The Board of Directors may adopt Rules and Regulations concerning and governing the use of the Common Area and Common Area Improvements, provided such Rules and Regulations shall be furnished to Owners prior to the time they are adopted and that Owners be notified as provided in the By-Laws of the Association that the Board of Directors will consider adoption of the Rules and Regulations so that Owners will have an opportunity to be heard or furnish input regarding the adoption and so that such Rules and Regulations shall be uniform and nondiscriminatory. After adoption, a copy of such Rules and Regulations shall be provided to all Owners. The Association may also adopt a fine system to impose monetary penalties for such infractions, or take judicial action against any Owner to enforce compliance with such Rules,Regulations,or other obligations, including injunctive relief or to obtain damages for noncompliance, all to the extent permitted by law. The Board of Directors may adopt and publish a fine schedule which shall list fines which shall be imposed for violations of this Declaration, the Association By-Laws, Articles of Incorporation, and any Rules and Regulations. 7.4 Business Activities. No business, trade or similar activity (other than a garage sale conducted in accordance with Section 7.7.10) shall be conducted on or from any Lot without the prior written consent of the Committee, unless and only so long as (i) the existence or operation of the business activity is not apparent or observable from outside the Lot; (ii) the activity conforms to all zoning requirements for the Project; (iii) the activity does not involve regular visits to the Lot by customers, patients, clients, suppliers or other business invitees or door-to-door solicitation of residents of the Project; and (iv) the activity is consistent with the residential character of the Project and does not constitute a nuisance, a hazardous or offensive use, or a threat to the safety or security of the other residents of the Project, which may be determined in the sole discretion of the Committee. The terms "business" and "trade," as used in this Section, shall have their ordinary and generally accepted meanings and shall include, without limitation, any occupation, work or activity undertaken on an ongoing basis which involves the provision of goods or services to persons other than the provider's family and for which the provider receives a fee, compensation or other form of consideration, regardless of whether such activity is engaged in full or part time, such activity is intended to or does generate a profit or a license is required. 7.5 Setbacks. No portion of any Residence, garage, barn, or other building shall be located outside any applicable setback described in the Plat or other document approved by the applicable authorities in Weld County, Colorado. Longs Peak CCRs 9-6-02.wpd 19 7.6 Miscellaneous Use Restrictions. 7.6.1 Fences and Walls. No fences, hedges or walls shall be erected or maintained upon the Lots,except such as may be approved by the Association's Architectural Review Committee or its designated representatives, nor may such fences, hedges, or walls which shall be installed be removed, transferred, or altered in any manner, except as approved by the Architectural Review Committee or its designated representative. The Architectural Review Committee may prohibit any fence which impairs the line of sight from any driveway to adjoining roadway. No fences shall be installed which block or impede established drainage ways. In reviewing any proposed construction of fences, the Architectural Review Committee shall apply the covenants and restrictions set forth in this Declaration or any Supplementary Declaration, any additional Design Guidelines promulgated by the Architectural Review Committee for the Project and the reasonable discretion of the Architectural Review Committee. 7.6.2 Antennas. Unless otherwise permitted by law, except for any which may,at Declarant's option,be erected by Declarant's designated representative,to the extent permitted by law, no exterior radio or television antenna, aerial, satellite dish, or other type of radio or television receiving system larger than twenty-four inches (24") in diameter shall be erected or maintained without the prior written approval of the Architectural Review Committee. 7.6.3 Repair of Buildings. No Improvement upon any Lot shall be permitted to fall into disrepair, and each such Improvement shall at all times be kept in good condition and repair and adequately painted or otherwise finished by the Owner before the surfacing becomes weatherbeaten or worn off; provided, however, that the Architectural Review Committee may allow any Buildings it determines to have historical significance to remain on the Project without rehabilitation or repair. All fences within the Property visible from any Common Area or public right-of-way shall be stained if constructed of wood and painted if constructed of metal. Materials which are customarily left unfinished are permitted so long as in the opinion of the Architectural Review Committee they have not become unsightly. 7.6.4 Reconstruction of Buildings. Any Improvement which may be destroyed in whole or in part by fire, hail, windstorm or any other cause or act of God, shall be rebuilt or all debris removed so as not to render any such property or any portion thereof, in the opinion of the Board, unsanitary, unsightly, offensive or detrimental to any other property or to its occupants. 7.6.5 Residences. Longs Peak CCRs 9-6-02.wpd 20 7.6.5.1 All Residences shall be constructed according to plans approved by the Architectural Review Committee pursuant to Section 8.4. All one-story Residences shall contain at least ( ) square feet of living space, exclusive of basements, attics and garages, and all two-story Residences shall contain at least ( ) square feet of living space,exclusive of basements,attics and garages. A split-level Residence shall be considered as having two stories for purposes of this Section. 7.6.5.2 All building permits issued on the Lots shall be required to adhere to the fee structure of the Southwest Weld Service Area Road Impact Program. 7.6.6 Soils; Septic Systems. 7.6.6.1 The Colorado Geologic Survey and the Weld County Department of Public Health and Environment have indicated that there are several concerns pertaining to soil conditions and a high water table. The result of geological studies generated recommended building envelopes for each Lot approved by the Colorado Geologic Survey. The Weld County Department of Building Inspection will require an engineered foundation for each residential structure and possibly accessory structures. A soils report will need to be submitted when building permits are applied for with the Weld County Department of Building Inspection. A Geological Hazard Permit will be required for all new structures prior to the issuance of a building permit. For more information, Owners should refer to Change of Zone #543 at the office of the Clerk to the Board of County of Commissions of Weld County, Colorado. 7.6.6.2 A Weld County Septic Permit is required for each proposed home septic system and shall be installed according to the Weld County Individual Sewage Disposal System Regulations. Each septic system shall be designed for site-specific conditions including but not limited to maximum seasonal high groundwater,poor soils and shallow bedrock. Primary and secondary septic system envelopes have been or will be designated on each Lot. Each envelope must meet minimum current setbacks as specified in the Weld County Individual Sewage Disposal System Regulations. THE SECONDARY ABSORPTION FIELD ENVELOPE MUST BE PRESERVED AND PROTECTED BY THE OWNER OF THE LOT. WELD COUNTY PROHIBITS ACTIVITIES SUCH AS LANDSCAPING (I.E., PLANTING OF TREES AND SHRUBS) AND CONSTRUCTION (I.E., AUXILLIARY STRUCTURES, DIRT MOUNDS, ETC.) IN THE DESIGNATED ABSORPTION FIELD SITE. 7.6.7 Nuisances. No noise or other nuisance shall be permitted to exist or operate upon any Lot so as to be, in the opinion of the Board, offensive or detrimental to any other property or its occupants. Without limiting the generality of any of the foregoing provisions, no exterior speakers, horns, whistles, bells or other sound devices (other than Longs Peak CCRs 0 6 02.wpd 21 security devices used exclusively for security purposes) shall be located, used or placed on any Lot without the prior written approval of the Board. No rubbish or debris of any kind shall be placed or permitted to accumulate upon any Lot and no odors shall be permitted to arise therefrom so as to render any such property or any portion thereof, in the opinion of the Board, unsanitary, unsightly, offensive or detrimental to any other property or to its occupants. 7.6.8 Unsightly Ankles. No unsightly article shall be permitted to remain on any Lot so as to be visible from adjoining property or public or private thoroughfares. Without limiting the generality of the foregoing,trailers,mobile homes,recreation vehicles, graders, trucks (other than pickups used solely for the private and non-business use of the residents of a Residence), boats, tractors, campers, wagons, buses, sleighs, motorcycles, motor scooters, snowmobiles, snow removal equipment, garden and maintenance equipment, and all commercial and business vehicles shall be kept at all times, except when in actual use, in an approved garage or out-building. No lumber, grass, plant waste, shrub or tree clippings, metals, building materials or scrap shall be kept, stored or allowed to accumulate on any property. 7.6.9 Signs and Flags. No sign or flag or any kind shall be displayed to the public view on any Lot; provided, however, that signs and flags of reasonable size not to exceed twenty (20) square feet may be displayed on or from a Residence. Any signs shall be solely for advertising the Residence for sale or lease or indicating that the Residence has been "sold" for a period of two weeks after closing. Signs and flags used for sale, administration and directional purposes by Declarant during development of Longs Peak Estates will be permitted. 7.6.10 Single-Family Use Only. No Lot and no Residence on any Lot shall be used for any purpose other than for one single-family Residence and incidental uses attendant to such use, including the uses permitted by this Declaration. However, nothing in this Declaration shall prevent an Owner from constructing a guest house, barn or other out building approved by the Committee,or prevent the rental of a Lot by the Owner thereof for residential purposes. No commune, co-operative or similar type living arrangement shall be permitted on any Lot. 7.6.11 Hazardous Activities. No activities shall be conducted on any Lot, Common Area or Licensed Property and no Improvements constructed on any Lot, Common Area, or Licensed Property which are or might be unsafe or hazardous to any person or property. Without limiting the generality of the foregoing, no firearms shall be discharged upon any Lot and no open fires shall be lighted or permitted on any Lot, except in a contained barbecue unit while attended and in use for cooking purposes or within a safe and well-designed fireplace. r Longs Peak CCRs 9E-02.wpd 22 7.6.12 Garage Sales. No garage, patio, porch or lawn sale shall be held on any Lot, except that the Owner of any Lot may conduct such sale if the items sold are only his own furniture and furnishings, not acquired for purposes of resale; if such sale is held at such time and in such manner as not to disturb any other resident of the area; and if such sale is held in full compliance with all applicable governmental ordinances, statutes, resolutions, rules and regulations, on an infrequent, occasional basis. 7.6.13 New Construction. Unless otherwise approved by the Committee, all Residences constructed on any Lot after the recording of this Declaration shall be new and no existing Residence shall be moved onto any Lot. No other Building may be moved onto a Lot without the prior written approval of the Architectural Review Committee. 7.6.14 Storage of Building Materials. No building materials shall be stored on any Lot except temporarily during continuous construction of an Improvement or its approved alteration or improvement. 7.6.15 Temporary Structures. No trailer,mobile home, tent or shack or other temporary building, improvement or structure shall be placed upon any property, except that temporary structures necessary for storage of tools and equipment and for office space for salespersons, architects, builders and foremen during actual construction may be maintained by Declarant, or by an Owner with the prior approval of Architectural Review Committee, such approval to include the nature, size and location of such structure. 7.6.16 Farmin . No Lot shall be used for farming and no fruits, vegetables, or crops shall be cultivated or grown on a Lot, except in a vegetable garden for the Owner's personal domestic consumption; provided, however, that an Owner may harvest or cut hay grown on a Lot for the Owner's personal use. / NSE �zvt ^Uyc 7.6.17 Livestock. Poultry, and Pets. L a ' als or pets o r than horse and domestic dogs, ca er e o d pe all be allow on the Pro . No Own all keep re than thre ) domesti ed pets on roject at an given ti . icing or ke ng livestock ch as cows, eep, goats, p try, and the ' e is pro ited without e prior expres 'tten cons of the Co ttee. If such sent is yen, th O shall strictly ere to the d and num of animals e 'tted All Lots upon which any animals are kept shall be maintained properly, and no Owner shall allow the animals on his Lot to become a nuisance or to be observable by adjacent properties in such a manner as to be a detriment to the Project or the properties. No Owner shall allow any animals to overgraze any portion of any Lot. No Owner shall keep more than two (2) horses . No Owner may pasture or graze any livestock on any `via uac r a portion of the Common Area (whether or not such Common Area is within such Owner's Lot) without the prior express written consent of the Board of Directors,which consent may Longs Peak CCRs 96-02.wpd 23 I Julie Chester August 23, 2000 /"' Page 3 4 Proposed Changes 4 We intend to offer a reduced number of lots for Longs Peak Estates as a result of and the feedback from the neighboring landowners. In order to provide a development that best suites the area, the local land use, and meets the desires of the neighbors, we intend to reduce the proposed number of lots in the development by almost 50%, offering 7 lots instead of the originally proposed 13 lots. This reduction will occur through the combination of lots, keeping the original design of the development intact so that this will be considered a minor change. The reduction of lots will provide for a bulk density reduction for the 32-acre site from 2.5 acres/unit to 4.6 acres/unit. The configuration will have the northern 6 lots reduced to 2 lots, and the southern 7 lots reduced to 5 lots. This reduction in lots will satisfy the immediate concerns regarding the identified issues at this time, with flexibility to fully address each concern during 4 final design and platting. We also propose to break the continuous road into two individual cul-de- sacs to address traffic flow concerns. These minor changes have received the support of the neighboring landowners. We will promote the use of the land for animals through specific language in the homeowner's covenant, and inform the new owners of the country, agricultural nature of the area through the inclusion of the right to farm covenant already appearing on the Conceptual Change of Zone Plat. The right to farm covenant will also be included in the homeowner's covenant. The text of the language to promote the lifestyle in the homeowner's covenant appears below: Intent Statement 4 The intent of the proposed Longs Peak Estates PUD is to provide an opportunity for a rural I residential lifestyle in an area that is experiencing strong development pressure. The seven / large single family lots will permit a variety of livestock, domestic and exotic animals including horses, sheep, llamas, goats, swine, chickens, etc. the number of which is controlled by the limits established in this PUD. 1 Buyers of these lots need to be aware of the unique lifestyle that exists in the area, which includes working farms and ranches, dairy production, a wide variety of livestock, domestic 1 animals and show animals that range from pets to agricultural production. This is the predominant lifestyle for the neighborhood and it is anticipated that the residents of Longs Peak Estates will be integrated into the rural fabric of the area. The proposed PUD limitggrgiiRaLtinits are the Weld County agricultural zone district requirements, appearing m AttachmeritX Using these limits will allow the new lots to have the option to raise animals that best matches the neighboring land uses. Longs Peak Estates— Case Z-543 a I ANIMAL UNIT: A term and number used to establish an equivalency for various species of LIVESTOCK. The number of LIVESTOCK allowed by right is dependent upon bulk requirements of the Agricultural, Estate, or R-1 (Low-Density Residential)zone districts. LIVESTOCK in excess of the bulk requirements for the Agricultural zone district shall Irequire a Use by Special Review permit for a LIVESTOCK CONFINEMENT OPERATION. All LIVESTOCK shall have the following ANIMAL UNIT equivalents and bulk requirements: IIN THE (A)AGRICULTURAL ZONE DISTRICT Maximum IllAnimal Unit Number of Number Equivalents Animals per Acre I Cattle 1 1 4 Bison 1 1 4 Mule 1 1 4 Burro 1 1 4 II Llama 1 1 4 Ostrich 1 1 4 Elk 1 1 4 II Horse 1 1 4 Swine 2 5 20 Sheep .1 10 40 Goat .1 10 40 Ill Poultry .02 50 200 Rabbit 02 50 200 I I I I I I 1 1^- r I be granted or withheld in the sole discretion of the Board of Directors. The Owner shall maintain a clean, safe and healthy environment for all animals kept on the Owner's Lot. Every pet or other animal shall be strictly controlled and no animal or pet shall be allowed to make or cause disturbing noises or odors or otherwise constitute a nuisance to any other Owner. Each Owner shall be responsible for any pet or animal kept on that Owner's Lot. The Board of Directors may adopt rules and regulations with regard to household pets and other animals kept on an Owner's Lot, including but not limited to regulations limiting the size and type of such pets or animals. 7.6.18 Roofin . In single-family residential areas, all roofs shall be covered high quality materials that are specifically approved by the Committee. No cedar "shake" or equivalent type of wood shingles or roofing materials shall be installed on any roof in the Project without the prior express written consent of the Committee and the fire protection authority having jurisdiction over the Property. 7.6.19 Colors. All exterior painting or staining shall be of colors in harmony with the other existing homes in the Project or of colors similar to those originally employed in the Project. In general, only those areas that were stained originally shall be restained; unpainted surfaces and unstained areas, such as brick or stone, shall not be painted or stained unless specifically approved by the Committee. 7.6.20 Solar Panels. Any solar panels and related appurtenances and equipment, whether included in the original construction or added at a later date, shall be designed and constructed so as to appear as an integrated part of the building architecture. This shall generally mean that the panels shall be roof-mounted so that the top surface is flush with the roof surface,with all appurtenances recessed into the structure's attic. When solar orientation prohibits this approach, the roof shall be altered so that the panels appear to be "built-in", i.e., shall not be visible. If panels are ground or wall mounted, they shall be integrated into the structure using compatible materials so that the panels appear as a natural extension of the house. 7.6.21 Garages. All single family detached Residences within Longs Peak Estates shall have garages with the capacity for at least two (2) cars. No garages (or combination of garages or covered parking areas) shall have the capacity for more than four (4) cars without the prior written approval of the Architectural Review Committee. 7.6.22 Swimming Pools/Hot Tubs. Any swimming pools, spas, hot tubs, Jacuzzis and the like shall be screened from view of adjacent Lots and rights of way, by screening materials and methods approved by the Committee. Longs Peak CCRs 9-6-02.wpd 24 7.6.23 Mechanical Equipment/Utilities. Except for above ground utilities which may be installed by Declarant, all utilities shall be installed underground. Each Owner shall obtain the prior written approval of the Committee before making any connections to utilities installed in the Common Area or installing any utilities on, in or under any Lot. On-grade utility appurtenances, such as electrical transformers, utility meters, etc., shall be screened using approved means. Mechanical equipment, such as air conditions, heating equipment, etc., shall be installed as an integral part of the architecture whenever possible. Under no circumstances shall these items be roof mounted or located in such a way that they are visible from neighboring properties or roads within the Project. 7.6.24 Dog Houses/Runs. Dog houses, shelters, and runs shall be completely screened from the view of adjacent public or private properties and streets,and shall be built from materials compatible with the Residence. 7.6.25 Exterior Lighting. Exterior lighting shall not be directed in such a manner as to create an annoyance to adjoining properties. High wattage area lighting ("yard lights") are prohibited. Illumination of roofs or features on roofs is prohibited. 7.6.26 Driveways. Any modification to a driveway shall be approved by the Committee. In no case shall the width of the driveway at the junction of the roadway exceed feet (_') without the prior written consent of the Committee. 7.6.27 Retaining Walls. Any retaining walls shall be approved by the Committee. The applicant is encouraged to use materials that are compatible with the building construction (wood painted or stained to match the house, brick or stone to match the house, etc.). Retaining walls which divert water onto other properties or otherwise substantially alter existing drainage patterns are prohibited. 7.6.28 Site Grading. Any change to site grading shall be approved by the Committee. No new grading shall divert water onto other properties or otherwise substantially alter existing drainage patterns. 7.8 Failure to Maintain. In the event that the Owner of a Lot shall fail to maintain the Lot and Improvements thereon in a manner consistent with the requirements of this Declaration or any Supplementary Declaration, the Architectural Review Committee or the Association, its agents, or employees,shall have the right, in addition to any other remedies, to enter upon that Lot and to repair, maintain, and restore the Lot, the exterior of the Residence, and any other improvements on the Lot in the manner contemplated by this Declaration and any Supplementary Declaration. The cost of such maintenance, repair, and restoration shall be the responsibility of the Owner and shall be added to and become a part of the annual assessments applicable to that Lot. Longs Peak CCRs 9-6-02.wpd 25 VIII. ARCHITECTURAL CONTROL COMMITTEE 8.1 Membership. 8.1.1 The Board of Directors may appoint an Architectural Review Committee (the"Committee") which may be composed of three (3) or more members. In the event no such appointment is made, then the Board of Directors shall constitute the Architectural Review Committee and shall have all of the duties and responsibilities of said Committee as set forth herein. 8.1.2 In the event of death, disability, or resignation of any member of the Committee, the Board of Directors shall have authority to designate a successor or successors. 8.1.3 An affidavit executed by a majority of the members of the Committee, and maintained in the records of the Association shall be sufficient evidence of the membership and of the other recitals therein contained. 8.2 Evidence of Action. The Committee's approval or disapproval as required in this Declaration shall be in writing, as indicated by the signatures of a majority of the Committee or its designated representative. The Committee shall not be required to maintain records of plans submitted. Approval by the Committee shall be conclusive evidence of compliance with this Declaration,provided that Improvements are constructed in substantial compliance with the plans as approved. The Committee shall exercise reasonable efforts to approve or disapprove plans submitted to it within forty-five (45) days after submission. In the event the Committee fails to approve a proposal within sixty (60) days after plans and specifications have been submitted to it by hand delivery against a written receipt or by mailing,certified mail,first-class postage prepaid,return receipt requested to the Committee at the address designated by the Association, the request shall be deemed DISAPPROVED by the Committee. If no suit to enjoin the proposed construction has been commenced within one (1) year after the proposed construction has begun and became apparent, approval by the Committee will not be required, and the covenants in this Article shall be deemed to have been complied with fully. 8.3 Duties. The Committee shall act upon and approve or disapprove any and all matters to be submitted to the Conunittee pursuant to any of the provisions of this Declaration and shall have all duties and powers as are hereinafter provided and set forth. Neither the members of the Committee nor its designated representative shall be entitled to any compensation for services performed,nor shall the Committee or any member thereof r Longs Peak CCRs 9-6-02.wpd 26 be liable, in any manner, for any action or failure of action done in good faith arising out of their service on the Committee. 8.4 Approval of Plans. 8.4.1 All plans and specifications in connection with the construction (which is commenced on or after the effective date of this Declaration) of any Residence, fence, swimming pool, ancillary structure, exterior lighting, machinery, solar panel or installation, deck, patio, patio enclosure, wall, driveway, out-building, or other structure, and in connection with any exterior maintenance and remodeling of any Residence or other structure, including,but not limited to, changing the initial color or exterior materials of the Residence, or any other Lot Improvements or appurtenances, such as mailboxes, or any alteration of any of the above described improvements to a Lot shall be submitted to the Committee for its prior written approval. 8.4.2 Before any construction or alteration begins, plans and specifications showing the nature, kind, shape, height, materials, and location, the exterior design the exterior materials to be used, the color scheme, the site plan, a topographic survey, the location of the driveway and sidewalks and plans for the proper landscaping and drainage of the Lot with respect to adjacent Lots must be submitted to the Committee for its prior written approval. 8.4.3 In passing upon such plans, specifications and other requirements, the Committee may take into consideration whether the proposed Residence or other structure or alteration and the materials of which it is to be built are reasonable and suitable for the Lot upon which the Residence or other structure or alteration is to be erected, the harmony thereof with the surroundings, and the effect of the Residence or other structure or alteration as planned on the outlook from and/or property values of adjacent or neighboring property. The Committee shall, in the exercise of its judgment and determination, use reason and good faith. 8.4.4 No Residence or other Improvement of any kind, including, but not limited to, those specifically described in this Article VIII, which has not received such prior written approval by the Committee and which does not fully comply with such approved plans and specifications, shall be erected, constructed, placed, or maintained upon any Lot. No changes or deviations in and from such plans and specifications as so approved shall be made without the prior written consent of the Committee. The Committee shall not be responsible for any structural defects in such plans or specifications or in any building or structure erected according to such plans and specifications. Longs Peak CCRs 9-6-02.wpd 27 8.4.5 In passing upon such plans,specifications, and other requirements, the Committee shall apply the pertinent requirements and considerations set forth in the covenants and restrictions set forth in this Declaration or any Supplementary Declaration or any additional Design Guidelines promulgated by the Architectural Review Committee for the Project, and the reasonable discretion of the Architectural Review Committee. 8.4.6 The Architectural Review Committee shall have the authority, but not the obligation, to promulgate, modify and amend Design Guidelines to serve as a general guideline for architectural review and approval of plans and specifications for Improvements. The Design Guidelines so adopted shall be effective on all Improvements not approved by the Architectural Review Committee prior to the adoption of the Design Guidelines. 8.5 Reserved Right of Declarant. Notwithstanding the above provisions, and until Declarant has conveyed its last Lot to a purchaser, Declarant shall have the right, and said right is hereby specifically reserved unto Declarant, to appoint the members of such Architectural Review Committee and to fill any vacancies therein created. (This Section supersedes the authority granted in Section 8.1 above.) 8.6 Binding Agreement to Pay Legal Costs. In the event that an Owner shall dispute the determination of the Architectural Review Committee and file a lawsuit to overrule, vacate or otherwise mitigate the effect of any determination of the Committee, or if an Owner fails to submit for approval any action as required by Section 8.4 and the Committee or any Owner, the Architectural Review Committee, or the Association brings an action to enforce these provisions; then the Owner and the Association are hereby bound to the agreement that any and all costs, including reasonable attorneys fees, associated with the institution and defense of such a suit, shall, to the extent permitted by a court of competent jurisdiction, be paid to the prevailing party by the losing party. 8.7 Variance. The Architectural Review Committee may grant reasonable variances or adjustments from any conditions or restrictions imposed by this Declaration. A variance or adjustment shall only be granted if it is not material, detrimental or injurious to the other property and Improvements in the Project, and shall not defeat the general intent and purpose of this Declaration. Any variance granted by the Architectural Review Committee shall not affect or negate the requirements of any other applicable authorities. 8.8 Minor Violations of Setback Requirements. Upon erection of any Residence upon any Lot which is subject to these restrictions, if it is disclosed by survey that a minor violation and infringement of setback lines has occurred, such violation and infringement shall be deemed waived by the Owners of the Lots immediately adjoining the Lot upon which the violation and infringement occurs, and such waivers shall be binding upon all Longs Peak CCRs 9 6 02.wpd 28 other Owners who are subject to this Declaration. Nothing herein contained shall prevent the maintenance of suit for any other violation of the restrictions contained in this Declaration. A"minor violation" for the purpose of this Section is a violation of not more than thirty inches (30") beyond required setback lines or Lot lines. This provision shall only apply to the original structures and shall not be applicable to any alterations or repairs to such structures. 8.9 Fees. Neither the Association nor the Architectural Review Committee shall charge any fees for review or approval of plans or contractors. 8.10 No review. The following types of changes, additions, or alterations do not require the approval of the Architectural Review Committee. Although exempt from Committee review, all work must proceed in accord with all applicable law, codes, and regulations, and the provisions of this Declaration: 8.10.1 Addition of plants to a property in accordance with a previously approved landscape plan. 8.10.2 Modifications to the interior of a Residence when those modifications do not unduly affect the outside appearance of the structure. 8.10.3 Repainting or restaining of the exterior of the Residence in original color. 8.10.4 Repairs to a structure in accordance with previously approved plans and specifications. 8.10.5 Reroofing with roofing materials of the same quality (or better) and color as original materials. 8.10.6 Seasonal decorations if removed promptly (within fifteen (15) days following the holiday). IX. INSURANCE 9.1 Comprehensive General Liability and Property Insurance.Comprehensive general liability and property damage insurance shall be purchased by the Board of Directors and shall be maintained in force at all times, the premiums thereon to be paid by the Association as a Common Expense. If Declarant pays the premium,it shall be entitled to reimbursement from the Association. The insurance shall be carried with reputable companies authorized to do business in the State of Colorado, in such amounts as the Board may determine; the Longs Peak CCRs 9-6-02.wpd 29 insurance carrier should have a current rating by Best's Insurance Reports of VI or better, or a financial rating of Class VI and a general policyholder's rating of at least A. If the insurer does not meet this rating requirement, the insurer must be reinsured by a company that does have a current rating by Best's Insurance Reports of VI or better. 9.1.1 A comprehensive policy of general liability insurance shall be in force for a minimum amount of One Million Dollars ($1,000,000.00) per occurrence, covering all claims for bodily injury and/or property damage arising out of a single occurrence, such coverage to include protection against liability for non-owned and hired automobiles, liability for property of others, and, if applicable, host liquor liability and other risks which are customarily covered with projects similar in construction, location, and use. The policy or policies shall name as insureds all of the Owners, the Association, each member of the Board of Directors, the Management Contractor,and their respective agents and employees. Declarant shall be named as an additional insured on such policy or policies until such time as Declarant shall have conveyed all the Lots in the Project. The policy or policies shall insure against loss arising from perils in the Common Area and in any other areas which the Association has a maintenance responsibility and shall include contractual liability coverage to protect against such liabilities as may arise under the contractual exposures of the Association or the Board of Directors. 9.1.2 The policy or policies shall contain a"severability of interest" clause or endorsement which shall preclude the insurer from denying a claim of an Owner or the Association because of negligent acts of the Association or other Owners. 9.2 Fire and Hazard Insurance. Fire and hazard insurance shall be purchased by the Board of Directors and shall thereafter be maintained in force at all times, the premiums thereon to be paid by the Association as a Common Expense, such policy to cover all insurable Common Area Improvements. The policy or policies shall be of a master or blanket type with a standard all risk endorsement,and insure against loss from perils therein including broad form coverage on all of the Improvements in the Common Area,except such as may be separately insured, and except land, foundation, excavation and other items normally excluded from coverage. Such policy or policies shall contain extended coverage, vandalism, and malicious mischief endorsements. The Improvements to be insured under this clause shall be continually insured to value, and the policy or policies shall contain replacement cost insurance. If reasonably available, the policy or policies shall contain a stipulated amount clause, or determinable cash adjustment clause, or similar clause to permit a cash settlement covering specified value in the event of destruction and a decision not to rebuild. The policy or policies shall name as insured the Association and Declarant. The policy or policies shall also cover personal property owned by the Association or in common by the Owners, their tenants, invitees or agents, and shall further contain a waiver of subrogation rights by the carrier as to negligent Owners. If Declarant pays the premium Longs Peak CCRs 9-6-02 wool 30 for said policy or policies, it shall be entitled to reimbursement from the Association. The insurance shall be carried with reputable companies authorized to do business in the State of Colorado, in such amounts as the Board may determine. The insurance carrier should have a current rating by Best's Insurance Reports of VI or better or a financial rating of Class VI and a general policyholder's rating of at least A. If the insurer does not meet this rating requirement, the insurer must be reinsured by a company that does have a current rating by Best's Insurance reports of VI or better. 9.3 No Individual Fire Insurance on Common Area. The blanket policy or policies to be carried by the Association and referenced under Section 9.2 above must provide that it is primary over any policy or policies separately carried by an individual Lot Owner and that the proceeds of the individual policy or policies carried by such Owner shall only be used to the extent that the proceeds of the insurance carried by the Association are insufficient to cover any losses to the Common Area. 9.4 Owner's Personal Liability and Property Insurance. An Owner may carry such property, fire and personal liability insurance as such Owner may desire. It is understood that the Association policies described herein will provide no insurance coverage for the Lots or the Improvements situate thereon. 9.5 Fidelity Insurance Coverage. The Association shall provide for fidelity coverage against dishonest acts on the part of the Officers, Directors, Management Contractors, employees or volunteers responsible for handling funds belonging to or administered by the Association. The fidelity bond or insurance must name the Association as the named insured and shall be written in an amount sufficient to provide protection, which is in no event less than one and one-half (1.5) times the insured's estimated annual operating expenses and reserves. In connection with such coverage, an appropriate endorsement to the policy to cover any person or persons who serve without compensation shall be added if the policy would not otherwise cover volunteers. 9.6 Other Insurance. The Board of Directors may purchase and maintain in force as a Common Expense,debris removal insurance,plate or other glass insurance,fidelity bonds, and other insurance or bonds that it deems necessary. The Board shall purchase and maintain worker's compensation insurance to the extent that the same shall be required by law respecting employees of the Association. Notwithstanding any other provisions herein, the Association shall continuously maintain in effect such casualty, flood and liability insurance, and a fidelity bond, meeting the insurance and fidelity bond requirements for such project established by the Federal Home Loan Mortgage Corporation, the Federal National Mortgage Association and Government National Mortgage Association, so long as any are a Mortgagee or Owner of a Lot within the Properties, except to the extent such coverage is not available or has been waived in writing by either or all of the above. Longs Peak CCRs 9-6-02.wpd 31 /--' 9.7 Attorney in Fact. The Association is hereby appointed the attorney in fact for all Owners to negotiate loss adjustment on the policy or policies carried by the Association under this Article IX. 9.8 Proceeds. The Association shall receive the proceeds of any casualty insurance payments received on the policies obtained and maintained pursuant to this Article. To the extent that repairs and reconstruction are required herein and there is a determination that the Properties shall not be rebuilt, the proceeds shall be distributed in the manner provided in Article X regarding casualty damage or destruction. 9.9 Notice of Cancellation or Modification. The policy or policies required by Sections 9.1, 9.2 and 9.5 must provide that they cannot be canceled or substantially modified, by any party, without at least ten (10) days' prior written notice to the Association, and to each holder of a First Mortgage which has requested in writing that it be listed as a scheduled holder of a First Mortgage in the insurance policy. 9.10 Annual Review of Policies. All insurance policies shall be reviewed at least annually by the Board of Directors to ascertain whether the coverages contained in the policies are sufficient for the upcoming year,whether any necessary repairs or replacements of the property which occurred in the preceding year were covered by insurance, and that all possible insurance claims have been filed. 9.11 Deductibles. No insurance policy applicable to either fire or extended coverage shall contain a deductible clause which exceeds the greater of: (i) Five Hundred Dollars ($500.00); or (ii) One percent (1%) of the face amount of the policy. If an Owner, who by negligent or willful act, causes damage to the Common Area or other Properties which are insured as a Common Expense, then said Owner shall bear the whole cost of the deductible required in the blanket insurance policy for the Association on the Common Area and other such Properties. An Owner shall be responsible for any action of members of his family, his tenants or his guests which cause damage to said Common Area or other Properties. 9.12 Directors'and Officers'Liability Insurance. If available at a reasonable cost,the Association shall obtain and maintain adequate liability coverage to protect against any negligent act upon the part of the Directors or Officers of the Association. Longs Peak CCRs 9-6-02.wpd 32 9.13 Waivers. All such policies of insurance shall contain waivers of subrogation and waivers of any defense based on an invalidity arising out of the acts of a Member of the Association. X. CASUALTY 10.1 Association As Agent and Attorney In Fact. All of the owners irrevocably constitute and appoint the Association as their true and lawful agent and attorney in fact in their name, place and stead for the purposes of dealing with the Common Area upon its damage, destruction, obsolescence and/or condemnation as hereinafter provided. Acceptance by any grantee of a deed from Declarant or from any Owner shall constitute appointment of the Association as agent and attorney in fact as herein provided. 10.2 General Authority of Association. As attorney in fact,the Association shall have full and complete authorization, right and power to make, execute and deliver any contract, deed or other instrument with respect to the interest of an Owner which may be necessary or appropriate to exercise the powers herein granted. Repair and construction of the Common Area Improvements as used in this Article means restoring the Common Area to substantially the same condition in which it existed prior to damage. Subject to the provisions of Section 4.6 above, the proceeds of any insurance collected shall be used by the Association for the purpose of repair or reconstruction unless Owners, to which at least eighty percent (80%) of the votes in the Association are allocated, including all Owners of Lots which will not be rebuilt, and sixty-seven percent (67%) of the First Mortgagees agree not to rebuild in accordance with the provisions set forth in this Article. 10.3 Notices and Cost Estimates. As soon as practical after an event causing damage to, or destruction of any part of the Common Area, the Association shall immediately obtain estimates that it deems reliable of the cost of repair or reconstruction of that part of the Project damaged or destroyed. 10.4 Insurance Proceeds Sufficient to Repair. In the event that proceeds from insurance coverage are sufficient to cover the cost of repair or construction after a casualty pursuant to the estimate of costs obtained by the Association, then such repair or recon- struction shall be promptly performed by the Association as attorney in fact for the Owners pursuant to this Article. 10.5 Insurance Proceeds Insufficient to Repair. If the insurance proceeds are insufficient to repair or reconstruct the damage or destroyed Common Area or Common Area Improvements, such damage shall be repaired as promptly as possible by the Association and any costs of such repair or reconstruction in excess of insurance proceeds available shall be assessed against all Owners as a Common Expense pursuant to Article VI. Longs Peak CCRs 9-6-02.wpd 33 XL CONDEMNATION 11.1 Consequences of Condemnation. At any time during the continuance of the Ownership pursuant to this Declaration, if all or any part of the Common Area shall be taken, or condemned by any public authority, or sold, or otherwise disposed of in lieu of or in avoidance thereof, the provisions of this Article XI shall apply. 11.2 Proceeds and Notice. All compensation,damages,or other proceeds therefrom, the sum of which is hereinafter called the "Condemnation Award" shall be payable to the Association; provided, however, that the Association shall provide timely notice of such condemnation proceeding or condemning authority acquisition to all Owners and First Mortgagees of record of Lots within the Project who request such notice. X11. GENERAL RESERVATIONS 12.1 Reservation of Easements, Exceptions, and Exclusions. Declarant reserves the right to establish from time to time by dedication or otherwise, utility (including cable television) and other easements, for purposes including but not limited to streets, paths, walkways,drainable recreation areas,parking areas,ducts,shafts,flues,conduit installation areas, and to create other reservations, exceptions and exclusions consistent with the ownership of the Properties for the best interest of all Owners and the Association in order to serve all the Owners within the Project. The rights herein reserved unto Declarant shall continue until Declarant no longer retains an interest in the Project or twenty (20) years after the effective date of this Declaration, whichever occurs first. 12.2 Rights of Declarant and Participating Builders Incident to Construction. An easement is hereby retained by and granted to Declarant and any Participating Builder for access, ingress, and egress over, in, upon, under, and across the Project, including but not limited to the right to store materials thereon and to make such other use thereof as may be reasonably necessary or incidental to Declarant's or any such Participating Builder's construction on the Properties; provided, however, that no such rights or easements shall be exercised by Declarant in such a manner as to unreasonably interfere with the occupancy, use, enjoyment, or access by any Owner, his family members, guests, or invitees, to or of that Owner's Lot. Longs Peak CCRs 9-i-02.wpd 34 4,4 • XIII. PRE-EXISTING RESERVATIONS, RESTRICTIONS, EASEMENTS AND COVENANTS The property was subject to the following reservations, restrictions, conditions, exceptions, easements and covenants at the time of the recordation of this Declaration: 13.1 Weld County. Any restrictions in the use of property created by the Plat or zoning ordinances approved or adopted by Weld County, Colorado. 13.2 Other Recorded Documents. Any other reservations, restrictions, conditions, exceptions, conditions, easements and covenants not enumerated under this Declaration or the Association's Articles of Incorporation or By-Laws, but which exist of record at the time of the recordation of this Declaration. XIV. REVOCATION OR AMENDMENT OF DECLARATION 14.1 Revocation. Except as specifically provided elsewhere herein, this Declaration shall not be revoked unless the Owners of Lots to which sixty-seven percent (67%) of the votes in the Association are allocated and sixty-seven percent (67%) of the registered First Mortgagees consent and agree to such revocation by instrument(s) duly recorded. 14.2 Duration and Amendment. The covenants and restrictions of this Declaration shall run with and bind the Properties for a term of forty (40) years from the date this Declaration is recorded,after which time they shall be automatically extended for successive periods of ten (10) years. Subject to any provision in Section 4.6 above, this Declaration shall not be amended, except as otherwise herein provided, without the consent of Owners of Lots to which at least sixty-seven percent (67%) of the votes in the Association are allocated, and approval of sixty-seven percent (67%) of the First Mortgagees. Such amendment may be evidenced by either a recorded instrument indicating such consent or by a recorded certificate of the Secretary of the Association certifying that at a meeting of the Owners, duly called at which a quorum was presented, the Owners of Lots, to which sixty-seven (67%) of the votes in the Association are allocated, consented to the Amendment, and that sixty-seven percent (67%) of the First Mortgagees have given approval (as provided in Section 15.8 below) to the Amendment,unless a higher percentage is required for such consent and approval by Sections 4.6 above,in which case the certificate shall reflect the higher percentage, and that copies of such written consent and approval are in the corporate records of the Association. Longs Peak CCRs 9-6-02.wpd 35 14.3 Amendments to Conform to VA. FHA, FNMA or FHLMC Requirements. Notwithstanding any provisions to the contrary, during the Declarant Control Period, Declarant shall have the right to unilaterally amend this Declaration in order to comply with the requirements of the Veteran's Administration, Federal Housing Administration, Federal National Mortgage Association or Federal Home Loan Mortgage Corporation. Such amendment shall not require the vote or consent of Owners in the Project. 14.4 Technical Amendments. Declarant hereby reserves and is granted the right and power to record technical amendments to this Declaration at any time prior to the termination of the Declarant's reserved right to appoint the Board of Directors of the Association for the purposes of correcting spelling, grammar, dates or as is otherwise necessary to clarify the meaning of the provisions of this Declaration. XV. MISCELLANEOUS PROVISIONS 15.1 Mailing Address. Each Owner and First Mortgagee shall register his or its mailing address with the Association, and all notices, demands and statements shall be sent by regular United States Mail, first-class postage prepaid, addressed in the name of the Owner or First Mortgagee at such registered mailing address. All notices to Declarant shall be sent by certified mail, first-class postage prepaid, return receipt requested, to the following address: Daryll D. Propp Carol A. Propp 12600 West Colfax Avenue, Suite B130 Lakewood, Colorado 80215 until such address is changed by notice of address change given to the Association. 15.2 Compliance with Provisions. Each Owner shall comply strictly with the provisions of this Declaration,the Articles of Incorporation,By-Laws,Rules and Regulations, resolutions, and contracts of the Association as the same may from time to time be in force and effect. Failure to comply with any of the same shall be grounds for an action to recover sums due for damages or injunctive relief or both, together with reasonable attorney fees, court costs, and injunction bond premiums maintainable by the Board of Directors, or the Management Contractor, on behalf of the Owners, or by any Owner. 15.3 Severability. If any of the provisions of this Declaration or any paragraph, sentence, clause, phrase, word or section or the application thereof in any circumstances is invalidated, such invalidity shall not affect the validity of the remainder of this Declaration, Longs Peak CCRs 9-0-02.wpd 36 and the application of any such provisions, paragraph, sentence, clause, phrase, word, or section in any other circumstances shall not be affected thereby. 15.4 Terminology. Whenever used herein, unless the context shall otherwise provide, the singular number shall include the plural and the singular; and the use of any gender shall include all genders. 15.5 State Law. The provisions of this Declaration shall be in addition and supplemental to all laws of the State of Colorado. 15.6 Declarant's Rights Transferable. Any right or interest of Declarant hereunder, established or reserved, may be transferred or assigned by Declarant either separately, or with one or more of such rights or interest, to any person or entity without the consent of the Owners, the Association, or any First Mortgagee. 15.7 Registration of First Mortgagees. Whenever this Declaration requires that a First Mortgagee receive notice, such requirement of notice shall be waived if the First Mortgagee has failed to register its name and proper address with the Association for the purpose of such notices. 15.8 Approval by First Mortgagees. Whenever this Declaration requires the approval of First Mortgagees, only those First Mortgagees who have registered as provided under Section 15.7 need be included in the request for approval and in any determination of whether the applicable percentage of First Mortgagees have approved any intended action. Any First Mortgagee registered as provided under Section 15.7 and mailed a request for approval, but who fails to respond within thirty (30) days to a request for approval, will be deemed to have approved the intended action. 15.9 Conflict. In the case of any conflict between the Articles of Incorporation and the By-Laws, the Articles shall control; in case of any conflict between this Declaration and the By-Laws, the Declaration shall control; in case of any conflict between the Articles and this Declaration, this Declaration shall control. Longs Peak CCRs 9-6-02.wpd 37 DATED this _ day of September, 2002. DECLARANT: Daryll D. Propp Carol A. Propp STATE OF COLORADO ) ) ss. COUNTY OF ) The above and foregoing Declaration of Covenants, Conditions, and Restrictions of Longs Peak Estates was acknowledged before me this _ day of September, 2002, by as Daryll D. Propp and Carol A. Propp. Witness my hand and official seal. My commission expires: Notary Public r� Longs Peak CCRs 9.6-02.wpd 38 EXHIBIT A Lots 1-7, inclusive, Oudot A, and Outlot B, inclusive, [Avery Court, Dawn Court,] Longs Peak Estates P.U.D., according to the plat thereof recorded , 20 in Book_ at Page , under Reception No. , of the records of the Office of the Clerk and Recorder of Weld County, Colorado, County of Weld, State of Colorado. Longs Peak CCRs 9-6-02 wed EXHIBIT B Outlot A, and Outlot B, inclusive, [Avery Court, Dawn Court,] Longs Peak Estates P.U.D., according to the plat thereof recorded , 20_, in Book at Page , under Reception No. , of the records of the Office of the Clerk and Recorder of Weld County, Colorado, County of Weld, State of Colorado. r Longs Peak CCRs 9-6-02.wpd \( 1 "c"c 5 �DC c Su wvt 411 V-er Co$ - tr`' S � ( Q�� sf«fcrs I �Jra v .�P�O (*d^�1 �t CoU -e�aK s �u � �1 �� �ct 5 cnv\ t../ cetiy et k� S- 4 C 3�3 — \A%- R r• RINKO, LLC Phone:303-601-9230 Fax: 303-277-1583 Rinko, LLC E-Mail:johnrinko@yahoo.com 12081 W.Alameda Pkwy.#254 Lakewood,Colorado 80228 August 1, 2002 Mr. Kim Ogle Lead Planner Weld County Department of Planning Services 1555 North 17th Avenue Greeley, Colorado 80631 Subject: Final Plan Drawing Package Longs Peak Estates, Case#Z-543 Dear Kim: The purpose of this submittal is to provide Weld County Department of Planning Services the Final Plan drawings for Longs Peak Estates, Case#Z-543 per the requirements listed in the Weld County Board of County Commissioners Resolution of October 24,2001. The final Change of Zone Plat Map was submitted on May 7, 2002 and addressed Resolution Items 1, 2 and 3. This submittal provides the Final Plan drawings and related material as required in Resolution Item 4. Enclosed with this letter are the Final Plan drawings and related documents for the Longs Peak Estates PUD. The drawing set includes the site master plan,the utility easement layouts, building footprints,road details, water line details, and the site drainage details. Specifically,the following is provided: 1. Twenty-five (25) copies of the Final Plan construction drawing package for Weld County Planning review and referral 2. Eight(8) sets of the Final Plan construction drawing package for utility reviews 3. Three (3)copies of the Detailed Drainage Study 4. Two (2) copies of the Geotechnical Report for pavement design 5. Two (2) copies of the Landscape and Maintenance Plan 6. Three (3) copies of the Final Plat This material addresses the following items listed under condition 4 of the Resolution, Final Plan Application: Item 4A—Final Plan Application(County road system request for on-site roads) Item 4C—Landscape and Maintenance Plan(Homeowners' Association to maintain) Item 4F—Utility Easement requirements Item 4G—Detailed Drainage Study Item 4H—Final roadway plan Kim Ogle August 1, 2002 r Page 2 The remaining conditions under Item 4 will be submitted shortly and include detail regarding the Homeowners' Association and the covenants, documentation for the continued availability of the water taps, draft agreements, and digital submittals. We trust the submittal of this package will allow you to begin the referral process for the Final Plan approval. We look forward to working with you to complete the Final Plan for the site. Should you have any questions or require additional documentation, please do not hesitate to contact me at(303) 601- 9230. SinQerely, John Rinko, Jr., P.E. cc: Daryll Propp enclosures Rinko, LLC Longs Peak Estates— Case Z-543 ATTACHMENT D Recorded Change of Zone Plat Documentation ARTICLES OF INCORPORATION OF LONGS PEAK ESTATES HOMEOWNERS ASSOCIATION ARTICLE I NAME OF CORPORATION The name of the Corporation shall be LONGS PEAK ESTATES HOMEOWNERS ASSOCIATION (the "Corporation"). ARTICLE II PERIOD OF EXISTENCE The duration of the Corporation shall be perpetual. ARTICLE III PURPOSES 3.1 The Corporation does not contemplate pecuniary gain or profit to the members thereof and it is organized for nonprofit purposes. It is intended that the Corporation qualify as an exempt organization under the provisions of Colorado Revised Nonprofit Corporation Act, C.R.S. §§ 7-121-101, et seq., and as a homeowners' association under the provisions of Section 528 of the Internal Revenue Code. No pan of the net earnings of the Corporation shall inure to the benefit of any private member or individual. 3.2 The business, objective, and purposes for which the Corporation is formed are as follows: A. To provide for architectural control of all residents' Lots, and for the care, maintenance, preservation and architectural control of the Common Area and facilities within and appurtenant to that certain real property described on Exhibit A to that certain Declaration of Covenants, Conditions and Restrictions for Longs Peak Estates (referred to as the Project), and any adjoining lands which may be annexed thereto from time to time, to perform all obligations and duties and exercise all rights and powers of the Longs Peak Estates Homeowners Association (the"Association"),as specified in that certain Declaration of Covenants, Conditions and Restrictions of Longs Peak Estates (hereinafter called the "Declaration") applicable to the Project and recorded, or to be recorded, in the records of the Office of the Clerk and Recorder of Weld County, Colorado, and as the same may be amended from time to time as therein provided, the Declaration being incorporated herein by this reference, and to provide for the enforcement of the Declaration. Longs Peak HOA Articles 9-6-02.wpd B. To promote the health,safety, and welfare of the residents within the Project, and any additions thereto as may hereafter be brought within the jurisdiction of the Association. C. To exercise all of the powers and privileges and to perform all of the duties and obligations of the Association as set forth in the Declaration, but subject to the duly adopted By-Laws of the Association. D. To fix, levy, collect and enforce payment by any lawful means of charges and assessments. E. To pay all expenses of the business of the Association, including all license and permit fees,taxes and other governmental charges levied or imposed against the Association or the property of the Association. F. To borrow money, and mortgage, pledge, deed in trust or hypothecate any or all of its personal but not its real property as security for money borrowed or debts incurred. G. To compromise, settle, release and otherwise adjust claims, demands, causes of action and liabilities in favor of the Association and the owners, or on behalf of the Association and owners, as the case may be, provided any such claim, demand, cause of action or liability arises out of or relates to a condition or defect common to the Common Area or Improvements constructed thereon, or to the development, design, construction, condition, repair or maintenance of or damage or injury to or defect in the Common Area of the development or part thereof, and to make and receive all payment or other consideration necessary therefor or in connection therewith. H. To acquire (by gift, purchase or otherwise), own, hold, improve, build upon, operate, maintain, convey, sell, lease, transfer, dedicate for public use or otherwise dispose of real or personal property in connection with the affairs of the Association as is provided for in the Declaration. I. To dedicate all or any part of the Common Area and facilities to any public agency, authority, or utility for such purposes and subject to such conditions as may be agreed to by the Members, as is provided for in the Declaration. J. To enter into licenses, maintenance agreements, and other contracts with public agencies, authorities,or utilities for use and maintenance of property owned by such entities and/or for other purposes as may be in the interests of the Association. Longs Peak HOP.Articles 9-6-02.wpa 2 K. To exercise such other and further powers, rights, and privileges which a corporation organized under the Colorado Revised Nonprofit Corporation Act may now have or hereafter acquire by law. 3.3 No substantial part of the activities of the Association shall consist of carrying on propaganda, or of otherwise attempting to influence legislation, and the Corporation shall not participate or intervene in any political campaign (including the publishing or distribution of statements) on behalf of any candidate for public office. 3.4 Notwithstanding any of the above statements of purposes and powers, the Association shall not, except to an insubstantial degree, engage in any activities or exercise any powers that are not in furtherance of the specific purpose of the Association. ARTICLE IV MEMBERSHIPS 4.1 The Association shall be a membership corporation without certificates or shares of stock. 4.2 Every person or entity who is a Declarant, a Participating Builder, and/or a record Owner of a Lot within the Project shall automatically become a Member of the Association and shall remain a Member for the period of the Owner's Lot ownership. If title to a Lot is held by more than one person, the membership related to that Lot shall be shared by all such persons in the same proportion of interests, and by the same type of tenancy, in which the tide to the Lot is held. Each membership shall be appurtenant to the Lot and shall be transferred automatically by the conveyance of the Lot. No Member shall be entitled to a preemptive right or option to purchase any Lot. No person or entity other than an Owner may be a Member of the Association, but the right of membership may be assigned to a Mortgagee as further security for a loan secured by a lien on a Lot and/or Residence. The privileges of Members,the liability of Members for assessments and the method of collection of assessments shall be as set forth in the Declaration and By-Laws adopted by the Directors of the Association. ARTICLE V VOTING RIGHTS 5.1 Voting Rights: Declarant Control. 5.1.1 All Owners shall be entitled to one (1) vote for each Lot owned, including any Lot formed by virtue of subdivision of a Lot as provided in Article XIV of the Declaration. When more than one person holds an interest in any Lot, all such persons shall Longs Peak HOA Articles 9-6-02.wpd 3 be Members. The vote for such Lot shall be exercised as they among themselves determine, but in no event shall more than one (1) vote be cast with respect to any Lot. 5.1.2 During the Declarant Control Period (as that term is defined in the Declaration), Declarant shall be entitled to exercise certain rights as provided in the Declaration, including but not limited to the right to appoint the members of the Board of Directors of the Association. 5.1.3 Within sixty (60) days after the end of the Declarant Control Period, the Directors appointed by Declarant shall resign and the Association shall hold a meeting for the purpose of electing Directors to fill any vacancies on the Board of Directors. 5.1.4 All Members shall be entitled to vote on all matters, except as provided above. Cumulative voting is prohibited. No person or entity other than an Owner of a Lot may be a Member of the Association. Members shall have no preemptive rights to purchase other Lots or the memberships appurtenant thereto. 5.1.5 If title to a Lot is held by more than one person or by a firm, corporation, partnership,association,or other legal entity,or any combination thereof,such Owners shall ,^ execute a proxy appointing and authorizing one person or alternative persons to attend all annual and special meetings of Members, and thereat to cast whatever vote the Owner himself might cast if he were personally present. Such proxy shall be effective and remain in force unless voluntarily revoked, amended, or sooner terminated by operation of law. Within thirty (30) days after such revocation,amendment,or termination thereof,however, the Owner shall reappoint and authorize one person or alternate persons to attend all annual and special meetings as is provided in this paragraph. 5.1.6 A membership in the Association shall not be assigned, encumbered, or transferred in any manner except as an appurtenance to the transfer of title to the Lot to which the membership pertains; provided, however, the rights of membership may be assigned to the holder of a Mortgage on a Lot as further security for a loan secured by a lien on such Lot. 5.1.7 A transfer of membership shall occur automatically upon the transfer of tide to the Lot to which the membership pertains. The By-Laws of the Association may,however, contain reasonable provisions and requirements with respect to recording such transfers of the books and records of the Association. 5.1.8 The Association may suspend the voting rights of a Member for failure to comply with the Rules and Regulations or the By-Laws of the Association or with any other obligations of the Owners of a Lot under the Declaration or agreement created thereunder. Longs Peak HOA Articles 9-6-02.wpd 4 5.2 All Members shall be entitled to vote on all matters, as provided above. Cumulative voting is prohibited. No person or entity other than an Owner of a Lot may be a Member of the Association. Members shall have no preemptive rights to purchase other Residences or the memberships appurtenant thereto. 5.3 If title to a Lot is held by more than one person or by a firm, corporation, partnership,association,or other legal entity,or any combination thereof,such Owners shall execute a proxy appointing and authorizing one person or alternative persons to attend all annual and special meetings of Members, and thereat to cast whatever vote the Owner himself might cast if he were personally present. Such proxy shall be effective and remain in force unless voluntarily revoked, amended, or sooner terminated by operation of law. Within thirty(30) days after such revocation,amendment,or termination thereof, however, the Owner shall reappoint and authorize one person or alternate persons to attend all annual and special meetings as is provided in this paragraph. 5.4 A membership in the Association shall not be assigned, encumbered, or transferred in any manner except as an appurtenance to the transfer of title to the Lot to which the membership pertains; provided, however, the rights of membership may be assigned to the holder of a mortgage, deed of trust, or other security instrument on a Lot as further security for a loan secured by a lien on such Lot. 5.5 A transfer of membership shall occur automatically upon the transfer of tide to the Lot to which the membership pertains. The By-Laws of the Association may, however, contain reasonable provisions and requirements with respect to recording such transfers of the books and records of the Association. 5.6 The Association may suspend the voting rights of a Member for failure to comply with the Rules and Regulations or the By-Laws of the Association or with any other obligations of the Owners of a Lot under the Declaration or agreement created thereunder. ARTICLE VI BOARD OF DIRECTORS • 6.1 The business and affairs of the Association shall be conducted, managed, and controlled by a Board of Directors. 6.2 The Board of Directors shall consist of not less than three (3) nor more than five (5) members, the specific number to be set forth from time to time in the By-Laws of the Association. In the absence of any provision to the contrary in the By-Laws, the Board shall consist of three members. Longs Peak HOA Articles 9-6-02.wpd 5 6.3 The classes of Directors, method of election and the term of office of members of the Board of Directors shall be determined by the By-Laws. 6.4 Directors may be removed and vacancies on the Board of Directors shall be filled in the manner to be provided in the By-Laws. 6.5 The names and addresses of the members of the first Board of Directors who shall serve until the first election of Directors by the members and until their successors are duly elected and qualified are as follows: 6.6 The first Directors of the Association shall have the power to adopt By-Laws for the Association. 6.7 Any vacancies in the Board of Directors occurring before the first election of Directors by Members shall be filled by the remaining Directors. At the first meeting the Members following the expiration of the Declarant Control Period, the Members shall elect one or more Directors for a term of one (1) year, one or more Directors for a term of two (2) years and one or more Directors for a term of three (3) years; and at each annual meeting thereafter the Members may fill any vacancies for the remaining terms or new terms of three years. 6.8 Declarant shall be entitled to appoint the Board of Directors for the Declarant Control Period which shall terminate within the time periods set forth in Section 5.1 above. 6.9 Notwithstanding any provision in these Articles or the Declaration to the contrary, the Members shall be entitled to remove any member of the Board of Directors, other than any Director appointed by Declarant, by the affirmative vote of sixty-seven percent (67%) of the Members. r Longs Peak HOA Midas 9.6-02.wpd 6 ARTICLE VII OFFICERS The Board of Directors may appoint a President, one or more Vice-Presidents, a Secretary, a Treasurer, and such other Officers as the Board believes will be in the best interests of the Association. The Officers shall have such duties as may be prescribed in the By-Laws of the Association and shall serve at the pleasure of the Board of Directors. ARTICLE VIII INDEMNIFICATION OF OFFICERS AND DIRECTORS The Association shall indemnify the Officers and Directors of the Association to the fullest extent permitted by law. ARTICLE IX OFFICES: AGENT The principal place of business of the Association shall be . The initial registered office of the Association will be , and the initial registered agent at such office shall be ARTICLE X INCORPORATOR The name and address of the Incorporator is Eric E. Torgersen, Suite 100, Building 19, 1667 Cole Boulevard, Golden, Colorado 80401. ARTICLE XI DISSOLUTION In the event of the dissolution of the Corporation, either voluntarily by the Members hereof, by operation of law, or otherwise, then the assets of the Corporation shall be dedicated to an appropriate public agency to be used for purposes similar to those for which the Association was created, or the Members in an equitable fashion. In the event that such dedication is refused acceptance,such assets may be granted, conveyed and assigned to any non-profit corporation, association, trust or other organization to be devoted to such similar purposes. Longs Peak HOA Articles 9-6-02.wpd 7 r ARTICLE XII AMENDMENTS Amendments to these Articles of Incorporation shall be adopted, if at all, in the manner as set forth in Colorado Revised Statutes; provided, however, that no amendment to the Articles of Incorporation shall be contrary to or inconsistent with any provision of the Declaration,and any amendment to the Articles of Incorporation shall be in conformity with the approval requirements set forth in the Declaration for the particular amendment. Dated this day of September, 2002. Incorporator CONSENT OF REGISTERED AGENT The undersigned consents to act as the initial registered agent for Longs Peak Estates Homeowners Association. r� Longs Peak HOA Articles 9-6-02.wpd 8 BY-LAWS OF LONGS PEAK ESTATES HOMEOWNERS ASSOCIATION ARTICLE I OBJECT AND DEFINITIONS 1.1 Purpose. The purpose for which this Association is formed is to govern the property located in Weld County, Colorado, and more particularly described on Exhibit"A" to the "Declaration", and any other property which the Association may own. The above-referenced property has been submitted to a Declaration entitled Declaration of Covenants, Conditions, and Restrictions of Longs Peak Estates (hereinafter referred to as the "Declaration"). 1.2 Assent. All present or future owners,tenants,future tenants,or any other person using the facilities of the Properties in any manner are subject to the regulations set forth in these By-Laws. The mere acquisition or rental of any of the Lots of the Project or the mere act of occupancy of the Lots shall constitute ratification of these By-Laws. 1.3 Definitions. Unless otherwise specified, capitalized terms shall have the same meaning in these By-Laws as such terms have in the Declaration. ARTICLE II MEMBERSHIP, VOTING, MAJORITY OF OWNERS, OUORUM, PROXIES 2.1 Membership. The total number of memberships shall not exceed the number of Lots. Upon becoming an Owner of a Lot, any person, including Declarant and Participating Builder, automatically shall become a member of this Association and shall be subject to the provisions of the Articles of Incorporation, the Declaration, and to these By-Laws. Such membership shall terminate without any Association action whenever such person ceases to own a Lot, but such termination shall not relieve or release any such former Owner from any liability or obligation incurred under or in connection with the Association during the period of ownership and membership in this Association, nor shall such termination impair any rights or remedies which the Board of Directors of the Association or others may have against such former Owner and Member arising out of, or in any way connected with, such ownership and membership, and the covenants and obligations incident thereto. No certificates of stock shall be issued by the Association, but the Board of Directors may, if it Longs Peak HOA Bylaws 9-6-02.wpd so elects, issue one membership card to the Owner(s) of a Lot. Such membership card shall be surrendered whenever ownership of the Lot designated thereon shall terminate. 2.2 Voting Rights: Declarant Control. 2.2.1 MI Owners shall be entitled to one (1) vote for each Lot owned, including any Lot created by virtue of the subdivision of a Lot as provided in Article XIV of the Declaration. When more,than one person holds an interest in any Lot, all such persons shall be Members. The vote for such Lot shall be exercised as they among themselves determine, but in no event shall more than one (1) vote be cast with respect to any Unit. 2.2.2 During the Declarant Control Period, Declarant shall be entitled to exercise certain rights as provided in the Declaration, including but not limited to the right to appoint the members of the Board of Directors of the Association. 2.2.3 At a meeting called for this purpose which shall be held no later than sixty days after the expiration of the Declarant Control Period, the Owners shall elect the Board of Directors of the Association, which shall be comprised of at least three (3) Members, at least a majority of whom shall be Owners other than Declarant or designated representatives of Owners other than Declarant. 2.2.4 All Members shall be entitled to vote on all matters that may properly come before the Members, except as provided above. Cumulative voting is prohibited. No person or entity other than an Owner of a Lot may be a Member of the Association. Members shall have no preemptive rights to purchase other Lots or the memberships appurtenant thereto. 2.2.5 If tide to a Lot is held by more than one person or by a firm, corporation, partnership,association,or other legal entity,or any combination thereof,such Owners shall execute a proxy appointing and authorizing one person or alternative persons to attend all annual and special meetings of Members, and thereat to cast whatever vote the Owner himself might cast if he were personally present. Such proxy shall be effective and remain in force unless voluntarily revoked, amended, or sooner terminated by operation of law. Within thirty(30) days after such revocation,amendment,or termination thereof,however, the Owner shall reappoint and authorize one person or alternate persons to attend all annual and special meetings as is provided in this paragraph. 2.2.6 A membership in the Association shall not be assigned, encumbered, or transferred in any manner except as an appurtenance to the transfer of tide to the Lot to which the membership pertains; provided, however, the rights of membership may be assigned to the holder of a Mortgage on a Lot as further security for a loan secured by a lien on such Lot. r Longs Peak HOA Bylaws 36-02.wpd 2 2.2.7 A transfer of membership shall occur automatically upon the transfer of title to the Lot to which the membership pertains. The By-Laws of the Association may, however, contain reasonable provisions and requirements with respect to recording such transfers on the books and records of the Association. 2.2.8 The. Association may suspend the voting rights of a Member for failure to comply with the Rules and Regulations or the By-Laws of the Association or with any other obligations of the Owners of a Lot under the Declaration or agreement created thereunder. 2.3 Transfer. Except as otherwise expressly stated herein, none of the rights, interest, and obligations of the Association set forth or reserved herein may be transferred or assigned to any other person or entity. No such transfer or assignment shall relieve the Association of any of the obligations set forth herein. No such transfer or assignment shall revoke or change any of the rights or obligations of any Owners as set forth herein. 2.4 Majority of Owners. As used in these By-Laws, the term "majority of Owners" shall mean and refer to Owners who in the aggregate are allocated at least a simple majority, i.e., more than fifty percent (50%), of the votes in the Association. 2.5 Quorum. Except as otherwise provided in these By-Laws, the presence in person or by proxy of Owners to whom twenty percent (20%) of the votes in the Association are allocated shall constitute a quorum. An affirmative vote by the Owners, present physically or by proxy, representing a majority of the votes entitled to be cast by virtue of their presence in person or by proxy at a duly called meeting, shall be required to transact any business. The Members present at any duly called or held meeting at which a quorum is present may continue to transact business until adjournment, notwithstanding the withdrawal of enough Members to leave less than a quorum, if any action taken (other than adjournment) is approved by at least a majority of the Members required to constitute a quorum. 2.6 Proxies. 2.6.1 Votes may be cast in person or by proxy. Proxies shall be in writing and must be filed with the Secretary before the appointed time of each meeting. Every proxy shall be revocable and shall automatically cease upon conveyance by the Member of his Lot or upon receipt by the Association of written notice of the death or incapacity of the Member who executed the proxy. No proxy shall be valid for a period longer than eleven (11) months after the date thereof. 2.6.2 Any form of proxy or written ballot distributed to the Members shall afford an opportunity on the proxy or form of written ballot to specify a choice between Longs Peak HOA Bylaws 9-6-02.wpd 3 approval and disapproval of each matter or group of related matters intended, at the time the written ballot or proxy is distributed, to be acted upon at the meeting for which the proxy is solicited or by such written ballot, and shall provide, subject to reasonable specific conditions, that where the Member solicited specifies a choice with respect to any such matter, the vote shall be cast in accordance therewith. 2.6.3 Every form of proxy or written ballot which provides an opportunity to specify approval or disapproval with respect to any proposal shall also contain an appropriate space marked "abstain," whereby a Member may indicate a desire to abstain from voting on the proposal. A proxy marked "abstain" by the Member with respect to a particular proposal shall not be voted either for or against such proposal. 2.6.4 In any election of Directors,any form of proxy or written ballot in which the Directors to be voted upon are named therein as candidates and which is marked by a Member"withhold" or otherwise marked in a manner indicating that the authority to vote for the election of Directors is withheld shall not be voted either for or against the election of a Director. 2.6.5 Failure to comply with this section shall not invalidate any corporate action taken, but may be the basis for challenging any proxy at a meeting and a court may compel compliance therewith at the suit of any Member. 2.7 Voting by Mail. 2.7.1 The Board of Directors may decide that voting of the Members shall be by mail with respect to any properly noticed matter or to any particular election of Directors or with respect to adoption of any proposed budget, or amendment to the Articles of Incorporation, or adoption of a proposed plan of merger, consolidation, or dissolution. 2.7.2 In case of the election of Directors by mail, the existing Board of Directors shall nominate candidates and shall advise the Secretary in writing of the names of nominated Directors sufficient to constitute a full Board of Directors, and of a date,which must be at least fifty (50) days after such advice is given, by which all votes are to be received. The Secretary, within five (5) days after such advice is given, shall give written notice of the number of Directors to be elected and of the names of the nominees to all Owners. The notice shall state that any such Owner may nominate an additional candidate or candidates, not to exceed the number of Directors to be elected, by notice in writing to the Secretary at the specified address of the principal place of business of the Association, to be received on or before a specified date fifteen (15) days from the date the notice is given by the Secretary. Within five (5) days after such specified date, the Secretary shall give written notice to all Owners, stating the number of Directors to be elected, stating the Longs Peak HOA Bylaws 9-6-02.wpd 4 names of all persons nominated by the Board of Directors and by the Owners on or before the specified date, stating that each Owner may cast a vote by mail and stating the date established by the Board of Directors by which such votes must be received by the Secretary at the address of the principal place of business of the Association, which shall be specified in the notice. Votes received after that date shall not be effective. All persons elected as Directors pursuant to such an election by mail by receipt of the number of votes required by applicable law shall take office effective on the date specified in the notice for receipt of such votes. 2.7.3 In the case of a vote by mail of the Members relating to any properly noticed matter or to any proposed amendment to the Articles of Incorporation or adopting a proposed plan of merger, consolidation, or dissolution, the Secretary shall give notice to all Owners, and shall further give notice to the First Mortgagees of Lots within the Project at the address supplied by the First Mortgagees to the Association, which notices shall include a proposed written resolution setting forth the description of the proposed action, and shall state that such persons are entitled to vote by mail for or against such proposal and stating a date not less than twenty (20) days after the date such notice shall have been given on or before which all votes must be received and stating that they must be sent to the specified address of the principal place of business of the Association. Votes received after that date shall not be effective. Except as otherwise provided in the Declaration, any proposal described in Section 4.6 of the Declaration shall be adopted if approved by the affirmative vote of the owners to whom sixty-seven percent (67%) of the votes of Members in the Association are allocated; provided, however, that the proposal shall not be considered unless sixty-seven percent (67%) of the First Mortgagees have given their consent as required in the Declaration. 2.7.4 Delivery of a vote in writing to the principal place of business of the Association shall be equivalent to receipt of a vote by mail at such address for the purposes of this Section 2.7. ARTICLE III ADMINISTRATION AND MEETINGS OF MEMBERS 3.1 Association Responsibilities. The Owners of the Lots will constitute the Association, who will have the responsibility of administering the Project through a Board of Directors. 3.2 Place of Meetings. Meetings of the Association shall be held at such place as the Board of Directors may determine. 3.3 Annual Meetings. The annual meeting of the Association shall be held at least once each year. At each annual meeting following the termination of the Declarant Control Longs Peak HOA Bylaws 9-6-02.wpd 5 Period, Directors shall be elected by ballot of the Owners. The Owners may also transact such other business of the Association as may properly come before them. 3.4 Special Meetings. The President shall call a special meeting of the Owners when so directed by resolution of the Board of Directors or upon presentation to the Secretary of a petition signed by twenty percent (20%) of the Owners. No business shall be transacted at a special meeting except as stated in the notice unless by consent of a majority of the Owners either in person or by proxy. 3.5 Notices. Except as otherwise provided in the Articles of Incorporation and the Declaration, notices of annual and special meetings shall be given by the President or Secretary of the Association by delivery or sent by first-class mail, postage prepaid, addressed to the registered addresses of the Owners at least ten (10) but not more than fifty (50) days prior to the date set for such meeting. Any such notice shall state the date, time and place of the meeting, and if the meeting is a special meeting, the purposes thereof. Waiver of notice, either in person or by proxy, and signed either before, at or after any meeting, shall be a valid substitute of service. The certificate of the President or Secretary that notice was duly given shall be prima facie evidence thereof. The notice of any meeting at which Directors are to be elected shall include the names of all those who are nominees at the time the notice is given to Owners. Notice shall also be given to the First Mortgagees on Lots at the address supplied by the First Mortgagee to the Association. 3.6 Adjourned Meeting. If any meeting of the Owners cannot be organized because a quorum has not attended, the owners who are present either in person or by proxy may adjourn the meeting to a time not less than forty-eight (48) hours and not more than thirty (30) days from the time the original meeting was called. The quorum required for voting at such rescheduled meeting shall be twenty percent (20%) of the Owners to whom twenty percent (20%) of the votes of Members in the Association are allocated. If a time and place for the adjourned meeting is not fixed by those in attendance at the original meeting or if for any reason a new date is fixed for the adjourned meeting after adjournment, notice of the time and place of the adjourned meeting shall be given to Members in the manner prescribed herein for regular meetings. 3.7 Order of Business. The order of business at all annual meetings of the Members shall be as follows: A. Roll call; B. Proof of notice of meeting or waiver of notice; C. Reading of Minutes of preceding meeting; D. Reports of Officers; E. Reports of Committees; Longs Peak HOA Bylaws 9-6-02.wpd 6 F. Election of Directors; G. Unfinished business; H. New business. The order of business at all special meetings of the Members shall be as stated in the notice of special meeting pursuant to Section 3.5 above. BOARD OF DIRECTORS (POWERS AND MEETINGS) 4.1 Number and Oualification. The affairs of this Association shall be governed by a Board of Directors composed of not less than three (3) or more than five (5) persons selected from among the Owners or their designees. During the Declarant Control Period, partners, employees, officers, and/or directors of Declarant shall be considered Owners for purposes of membership on the Board of Directors. The initial Board shall consist of three (3) persons who shall act in such capacity and shall manage the affairs of the Association until their successors are elected. The number of Directors making up the Board may be changed upon approval of a majority of a quorum. 4.2 Election. At a special meeting of the Members of the Association at or before the expiration of the Declarant Control Period, called for this purpose, the Members shall elect the Board of Directors. The Board of Directors shall consist of not less than three (3) Members, at least a majority of whom shall be Owners other than Declarant or representatives of Owners other than Declarant. A Member shall be entitled to cast one vote for each Lot owned for each candidate for the Board of Directors, if the candidate's name has been placed in nomination prior to voting. No member shall be permitted to cumulate votes in any such election unless the Articles of Incorporation are amended to allow cumulative voting. 4.3 Powers and Duties. The Board of Directors shall have the powers and duties necessary for the administration of the affairs of the Association and for the operation and maintenance of the Project. 4.4 Other Powers and Duties. The Board of Directors shall be empowered to accomplish the following duties: 4.4.1 To administer and enforce the covenants, conditions, restrictions, easements, uses, limitations, obligations, and all other provisions set forth in the Declaration, these By-Laws and the Articles of Incorporation. Longs Peak HOA Bylaws 9-6-02.wpd 7 4.4.2 To establish, make and enforce compliance with such reasonable Rules and Regulations as may be necessary for the operation, use, and occupancy of this Project, with the right to amend same from time to time, provided the Rules and Regulations are approved by the vote or written consent of a majority of the Members, and provided that (i) the Members may amend any such Rules and Regulations at any regular or special meeting of the Members or by the vote or written consent of a majority of the votes in the Association; (ii) such Rules and Regulations are reasonable, do not discriminate against Declarant, and are consistent with the Declaration, Articles of Incorporation and these By- Laws; and (iii) such Rules and Regulations shall not be effective until written notice thereof has been given by mailing a copy of the Rules and Regulations, postage prepaid, at least ten (10) days before the effective date to each Member addressed to the Member's address last appearing in the books of the Association. Such Rules and Regulations may include provisions regarding the limitation and control of all animals. Such Rules and Regulations may also include, without limitation, provisions regarding the leasing of Lots, including without limitation, the form of lease documents used,providing the Association with a copy of any such lease or leases, and such other related regulations deemed advisable or necessary by the Board of Directors. 4.4.3 To keep, or cause to be kept, in good order, condition, and repair all of the Common Area, Common Area Improvements and all items of common personal property, if any. 4.4.4 To insure and keep insured all of the insurable Common Area Improvements. Further,to obtain and maintain comprehensive liability insurance covering the Common Areas required by Article IX of the Declaration. To insure, and keep insured, all of the material fixtures, equipment and property acquired by the Association for the benefit of the Association and the Owners of the Lots and their First Mortgagees. 4.4.5 To fix, determine, levy, and collect the annual, special, or other assessments and installments thereof to be paid by each of the Owners towards the gross expenses of the entire premises; and by the majority vote of the Board to adjust, decrease, or increase the amount of the assessments or installments thereof. The Board of Directors, or its agent, may establish any reasonable system for collection periodically of Common Expenses, in advance or arrears as deemed desirable. Assessments made shall be based upon the estimated cash requirements deemed to be such aggregate sum as the Board shall, from time to time, determine to be paid by all of the Owners. Estimated expenses include the cost of maintenance and operation of the Common Area, Common Area Improvements, cost of maintenance of any property for which the Association has a use license and a maintenance agreement, expenses of management, taxes and special assessments unless separately assessed, insurance premiums for insurance coverage as deemed desirable or necessary by the Board, landscaping and care of Common Areas, common lighting, repairs Longs Peak HOA Bylaws 9-6-02.wpd 8 and renovations, wages, common water utility charges, legal and accounting fees, management fees, expenses and liabilities incurred by the Board of Directors under or by reason of the Declaration and these By-Laws,payment of any deficit remaining from a previ- ous assessment period, the creation of a reasonable contingency or capital reserve fund, as well as other costs and expenses relating to the Common Areas and for the purpose and powers of the Association. All annual or other assessments or installments thereof shall be mailed to the registered mailing address of each Owner not later than fifteen (15) days prior to the date the assessment is payable. 4.4.6 To collect delinquent assessments or installments thereof by suit, foreclosure, or otherwise and to enjoin or seek damages from an Owner, as is provided in the Declaration and these By-Laws. 4.4.7 To protect and defend the entire premises from loss and damage by suit or otherwise. 4.4.8 To borrow funds and to execute all such instruments evidencing such indebtedness. 4.4.9 To enter into contracts within the scope of their duties and powers. 4.4.10 To establish bank accounts for the common treasury and for all separate funds which are required or may be deemed advisable by the Board of Directors. 4.4.11 To keep and maintain full and accurate books and records showing all of the receipts, expenses or disbursements and to permit examination thereof by the owners or their Mortgagees at convenient weekday business hours. 4.4.12 To prepare and deliver annually to each Owner a statement showing, in at least summary form, all receipts, expenses or disbursements since the last such statement. 4.4.13 To meet at least annually. 4.4.14 To designate and remove personnel necessary for the management, maintenance, operation, repair, and replacement of the Common Areas and Common Area Improvements and performance of other duties and functions of the Association. 4.4.15 After notice and opportunity for hearing by the Board, to (i) suspend an Owner's rights as a Member of the Association, including his voting rights and right to use of any recreational facilities on the Common Area, for any period during which any fine Longs Peak HOA Bylaws 9-6-02.wpd 9 against such Member or any assessment against such Member's Lot remains unpaid; (ii) impose monetary penalties as provided in the Declaration for any infraction of the Rules and Regulations or any violation of or failure to comply with the provisions of the Declaration or these By-Laws, provided the Member shall have been warned in writing of a previous infraction within the preceding one (1) year; and (iii) suspend an Owner's rights as a Member of the Association for a period not to exceed thirty (30) days for any infraction of the Rules and Regulations. 4.4.16 On fourteen (14) days notice sent to the Association by certified mail, first-class postage prepaid,and for receipt of a reasonable fee of at least Twenty-Five Dollars ($25.00) from the requesting party (except First Mortgagees, who shall be exempt from such fee), to furnish a certificate of the Owner's account setting forth the amount of any unpaid amounts or other charges due and owing from such Owner or allocated to such Owner's Lot. 4.4.17 To delegate to committees,officers,employees and other agents of the Association reasonable powers to carry out the powers and duties of the Board; provided, however, that the Board shall not delegate the power to impose discipline against Members or to levy fines against Members. 4.4.18 To enter any Lot(but excluding the Residence thereon), at reasonable hours, upon forty-eight (48) hours' advance notice and with as little inconvenience to the Owners as possible, in connection with any work or thing required or permitted to be performed or done by the Association by these By-Laws, the Declaration, or the Rules and Regulations. In the event of emergency threatening injury to persons or property, or reasonable cause to believe there is such an emergency,the right of entry shall be immediate and may be exercised without notice,whether or not the Owner is present. The Association shall repair any damage caused by such entry. 4.4.19 Sell, transfer and convey the property of the Association with the prior written approval of (i) sixty-seven percent (67%) of the First Mortgagees of Lots who have registered pursuant to Section 16.7 of the Declaration (based upon one (1) vote for each Lot subject to a First Mortgage owned or held) given as provided in Section 16.8 of the Declaration and (ii) the Owners to which one hundred percent (100%) of the votes in the Association are allocated. 4.4.20 To compromise, settle, release and otherwise adjust claims, demands, causes of action and liabilities on behalf of the Association and Owners, as the case may be, provided any such claim, demand, cause of action or liability arises out of or relates to a condition or defect to the development, design, construction, condition, repair or maintenance of or damage or injury to or defect in the Common Area or part thereof, and Longs Peak HOA Bylaws 9$-02.wpd 10 make and receive all payment or other consideration necessary therefor or in connection therewith. For such purposes, the Board shall be, and hereby is, irrevocably appointed attorney-in-fact to act on behalf of all Owners upon such terms and conditions and for such consideration as may be approved by a majority of the Board. 4.4.21 To enter into licenses for the use and benefit of the Members.,joint use agreements,maintenance agreements,and such other contracts as determined by the Board of Directors to be in the interests of the Association with authorities or utilities including, but not limited to United Power, Inc., Qwest, Inc. and Weld County, Colorado. 4.4.22 In general to carry on the administration of this Association and to do all those things necessary and reasonable in order to carry out the communal aspect of this Project. 4.5 Management. 4.5.1 The Board of Directors may employ for the Association a Management Contractor referred to in the Declaration, at perform such duties and services as the Board shall authorize, but such employment shall not relieve the Board of Directors of any responsibility herein or pursuant to the Declaration. 4.5.2 During the period when the Declarant is in control of the Association, any management contracts entered into by the Association with respect to such professional management of the Project, and any contacts that such professional management shall enter into on behalf of the Association, shall be for a term not to exceed one (1) year and must contain a provision allowing either party to cancel the contact,with or without cause, and without a payment of termination fee or penalty, upon thirty (30) days prior written notice. Any Management Contractor shall be an independent contractor and neither a Management Contractor, nor any of its employees, shall be considered as employees of the Association. 4.5.3 The Management Contractor shall maintain at its sole cost and expense, fidelity insurance coverage or a bond against dishonest acts on the part of any of its employees responsible for handling funds belonging to or administered by the Association, in an amount equal to the greater of $50,000.00 and one and one-half (1.5) times the Association's estimated annual operating expenses and reserves. Prior to commencing work under any contract,the Management Contractor shall provide the Association with evidence of such fidelity insurance or bond satisfactory to the Association. The Association shall have the right to require the Management Contractor to carry such fidelity insurance coverage or bond underwritten by an insurer meeting the standards set forth in Article IX of the Declaration. Longs Peak HOA Bylaws 9-6-02 woe 11 4.5.4 The Management Contractor shall maintain all funds and accounts of the Association separate from the funds and accounts of all other associations managed by the Management Contractor, and shall maintain all funds of the Association designated as reserves in accounts separate and apart from the operational accounts. Each account maintained for the Association shall be carried in the name of the Association and shall, whenever possible, be an interest-bearing account free from ordinary bank charge. 4.5.5 The Management Contractor shall account to the Board of Directors on not less than an annual basis for all funds belonging to or administered by the Association which are collected, deposited, transferred, or disbursed by the Management Contractor on behalf of the Association at any time during the Association's fiscal year. 4.6 Vacancies. Vacancies in the Board of Directors which occur during the Declarant Control Period shall be filled by appointment by Declarant. Vacancies in the Board of Director,which occur following the election described in Section 4.2, caused by any reason, other than the removal of a Director by a vote of the Association,shall be filled by remaining members or member of the Board of Directors. If there is no remaining member of the Board, then an election shall be had by a mail vote or special meeting as provided in Sections 2.7 and 3.4 respectively, and in such event a special meeting may be called by any Member. 4.7 Removal of Director. Directors who are not appointed by Declarant may be removed with or without cause by a vote of Owners of Lots to which at least a simple majority, i.e., more than fifty percent (50%), of the votes in the Association are allocated. 4.8 Appointment of Directors by Declarant. During the Declarant Control Period the Declarant shall have the right to appoint all members of the Board of Directors. All Directors appointed by Declarant shall resign prior to the meeting of Members described in Section 4.2. 4.9 Organization Meeting. The first meeting of a newly elected Board of Directors shall be held within two (2) weeks after the annual meeting, and no notice shall be necessary to the newly elected Directors in order legally to constitute such meeting. 4.10 Regular Meetings. Regular meetings of the Board of Directors may be held at such time and place as shall be determined from time to time,by a majority of the Directors, but at least two such meetings shall be held during each fiscal year and one such meeting shall be held within two (2) weeks after the annual meeting of Owners. 4.11 Waiver of Notice. Before, at or after any meeting of the Board of Directors, any Director may, in writing, waive notice of such meeting and such waiver shall be deemed Longs Peak HOA Bylaws 9-6-02.wpd 12 equivalent to the giving of such notice. Attendance by a Director at any meeting of the Board shall be a waiver of notice by him of the time and place thereof. If all the Directors are present at any meeting of the Board, no notice shall be required and any business may be transacted at such meeting. 4.12 Quorum. At all meetings of the Board of Directors, a majority thereof shall constitute a quorum for the transaction of business, and the acts of the majority of the Directors present at a meeting at which a quorum is present shall be the acts of the Board of Directors. At any meeting of the Board of Directors, if there be less than a quorum present, the majority of those present may adjourn the meeting from time to time and set the time for reconvening. If a quorum of Directors reconvenes after such an adjournment, any business which might have been transacted at the meeting as originally called may be transacted without further notice. 4.13 Fidelity Bonds. The Board of Directors may require that all officers, Directors, Management Contractors, volunteers and employees of the Association handling or responsible for Association funds furnish adequate fidelity bonds. The premiums on such bonds (except for Management Contractor's) shall be paid by the Association as a Common Expense. Any such bond shall be in an amount of not less than$50,000.00 or one hundred fifty percent (150%) of the annual budget, whichever is greater. 4.14 Director's Fees. No Director may receive compensation, fees or expenses for attendance at any regular or special meeting of the Board of Directors. 4.15 Director's Term. The term of a Director shall be as set forth in the Articles of Incorporation. ARTICLE V OFFICERS 5.1 Designation. The Officers of the Association shall be a President, a Vice- President, a Secretary, and a Treasurer, all of whom shall be elected by the Board of Directors. 5.2 Election of Officers. The Officers of the Association shall be elected annually by the Board of Directors at the organization meeting of each new Board and shall hold office at the pleasure of the Board. The office of Vice-President need not be filled. 5.3 Removal of Officers. Upon an affirmative vote of a majority of the members of the Board of Directors, any officer may be removed, with or without cause, and his or her Longs Peak HOA Bylaws 9-6-02.wpd 13 successor elected at any regular meeting of the Board,or at any special meeting of the Board called for such purpose. 5.4 President. The President shall be the chief executive officer of the Association and shall be elected from among the members of the Board of Directors. The President shall preside at all meetings of the Board of Directors. The President shall have all of the general powers and duties which are usually vested in the office of the President of a nonprofit corporation, including but not limited to, the power to execute instruments and documents on behalf of the Association, including but not limited to amendments to the Declaration, appoint committees from among the Owners or Members as the President may in his or her discretion decide is appropriate to assist in the conduct of the affairs of the Association. 5.5 Vice-President. A Vice-President shall have all the powers and authority, and perform all of the functions and duties of the President, in the absence of the President, or in the event of the President's inability for any reason to exercise such powers and functions or perform such duties. 5.6 Secretary. The Secretary shall keep the minutes of meetings of the Board of Directors and minutes of meetings of the Association. The Secretary shall have charge of such books and papers as the Board of Directors may direct, and shall in general perform all the duties incident to the office of Secretary, including but not limited to attesting to the President's execution of instruments and documents on behalf of the Association, including but not limited to amendments to the Declaration. The Secretary shall compile, and keep current at the principal place of business of the Association, a complete list of Members and their registered mailing addresses. Such list shall be open to inspection by Members and other persons lawfully entitled to inspect the same at reasonable times during regular busi- ness hours. 5.7 Treasurer. The Treasurer shall have responsibility for Association funds and shall be responsible for keeping full and accurate financial records and books of account of the Association. The Treasurer shall be responsible for the deposit of all monies and other valuable effects in the name and to the credit of the Association, in such depositories as may from time to time be designated by the Board of Directors. The Treasurer may also serve as Secretary in the event the Secretary and Assistant Secretary (if any) are absent. 5.8 Assistant Secretary. The Board of Directors may appoint one or more Assistant Secretaries to perform all the duties of the Secretary in the absence of the Secretary. 5.9 Assistant Treasurer. The Board of Directors may appoint one or more Assistant Treasurers to perform all of the duties of the Treasurer in the absence of the Treasurer. Longs Peak HOA Bylaws 9-6-02 wad 14 ARTICLE VI INDEMNIFICATION OF OFFICERS AND DIRECTORS 6.1 Non-Liability. A Director of the Board shall not be liable to the Members if he performs the duties of a Director, including the duties as a member of any committee of the Board upon which the Director may serve, in good faith, in a manner such Director believes to be in the best interests of the Association and with such care, including reasonable inquiry, as an ordinarily prudent person in a like position would use under similar circumstances. In performing the duties of a Director, a Director shall be entitled to rely on information, opinions, reports or statements, including financial statements and other financial data, in each case prepared and presented by: 6.1.1 One or more officers or employees of the Association whom the Director believes to be reliable and competent in the matters presented; 6.1.2 Counsel, independent accountants, management company personnel, or other persons as to matters which the Director believes to be within such person's profes- sional or expert competence; or 6.1.3 A committee of the Board on which the Director does not serve, as to matters within its designated authority, which committee the Director believes to merit confidence; so long as, in any such case, the Director acts in good faith, after reasonable inquiry, when the need therefor is indicated by the circumstances and without knowledge that would cause such reliance to be unwarranted. 6.2 Indemnification. 6.2.1 The Association shall indemnify every Director, Officer, agent or employee, and any former Director, Officer, agent, or employee against loss, cost, and expense, including counsel fees reasonably incurred in connection with any action, suit, or proceeding to which such person may be made a party by reason of being, or having been such Director,Officer,agent or employee of the Association,except as to matters as to which such person shall be finally adjudged to be liable for gross negligence, willful misconduct or fraud. 6.2.2 No indemnification shall be provided for acts constituting gross negligence, fraud, or willful misconduct. 6.2.3 No Management Contractor,who is an independent contractor, or any other independent contractor shall be protected by these indemnification provisions nor by any insurance policies obtained by the Association in relation thereto, but any such Longs Peak HOA Bylaws 9.6-02.wpd 15 protection is the sole and separate responsibility of any Management Contractor who is an independent contractor, or any other independent contractor, as one of their expenses of doing business. 6.2.4 In the event of a settlement, the settlement shall be approved by any insurance carrier providing coverage, and paid for out of any available insurance proceeds; provided, however, that the lack of insurance coverage or proceeds shall not abrogate the Association's duty to indemnify present and former Officers, Directors, agents and employees to the fullest extent permitted by law. ARTICLE VII OBLIGATIONS OF THE OWNERS 7.1 Assessments. Except as otherwise provided herein and in the Declaration, all Owners shall be obligated to pay the annual assessments or any installments thereof imposed by the Association to meet the Common Expenses,and payment of any installments thereof shall be made not later than on the fifteenth day following the due date. A Member shall be deemed to be in good standing and entitled to attend any annual or any special meeting of Members,within the meaning of these By-Laws, if, and only if, the Member shall have fully paid all assessments and installments thereof made or levied against such Owner and the Lot owned by such Owner. 7.2 Maintenance and Repair. 7.2.1 Except as may be provided in the Declaration, every Owner must perform promptly at such Owner's expense all maintenance and repair work within such Owner's Lot and Residence, which if omitted, would affect the Project in its entirety or any part belonging to another Owner. 7.2.2 Except as may be provided in the Declaration, all the repairs and costs associated with a Lot or Residence shall be the individual Owner's expense. 7.2.3 An Owner shall be obligated to reimburse the Association, or another Owner, upon receipt of a statement for any expenditures incurred by the Association, or another Owner, or both in repairing, replacing, or restoring any Common Area Improvement,damaged as a result of the negligent or other tortious conduct of such Owner, a member of his or her family, his or her agent, employee, invitee, licensee or tenant. 7.3 Mechanic's Lien. Each Owner agrees to indemnify, and to hold each of the other Owners and the Association harmless, from any and all claims of any mechanic's lien filed Longs Peak HOA Bylaws 9-6-02 wed 16 against other Lots and appurtenances and the Common Area for labor, materials, services or other products incorporated in the Owner's Residence. 7.4 General. 7.4.1 Each Owner shall comply strictly with the provisions of the Declaration. 7.4.2 Each Owner shall always endeavor to observe and promote the cooperative purposes for which the Project was established. 7.5 Use of Lots. 7.5.1 Lots shall be utilized for only those purposes permitted in the Declaration. 7.5.2 No Owner, tenant, or lessee shall use radios, phonographs, television sets, amplifiers, and any other instruments or devices in such manner as may disturb, or which may tend to disturb, other occupants of Lots. 7.5.3 The Board of Directors shall have the power as set forth in the Declaration to establish, make and enforce compliance with such additional Rules and Regulations as may be necessary for the operation, use, and occupancy of this Project, with the right to amend same from time to time. 7.5.4 Owners shall be subject to such other restrictions as are set forth in the Declaration. 7.6 Use of Common Area. Each Owner shall use the Common Area in accordance with the purpose for which they were intended,without hindering or encroaching upon the lawful rights of the other Owners. The Rules and Regulations may specifically give details on the use of the Common Area. 7.7 Destruction or Obsolescence. Each Owner shall, upon becoming an Owner of a Lot or as requested by the Association thereafter, be deemed to have executed a power of attorney in favor of the Association, irrevocably appointing the Association attorney-in-fact to maintain, repair, and improve the Common Area. Longs Peak HOA Bylaws 9-6-02.wpd 17 ARTICLE VIII BY-LAWS 8.1 Amendments. These By-laws may be amended by the Board of Directors at a duly constituted Board meeting called for such purpose; or at a meeting of Owners called for such purpose, by Owners representing interests of a majority of the Members, and the written approval of the First Mortgagees or the Veterans Administration or the Department of Housing and Urban Development, if such approvals are required by the Articles of Incorporation or the Declaration. The notice of such Board or Association meeting shall contain a summary of the proposed changes or a copy of such proposed changes. No amendment shall serve to shorten the term of any Director. 8.2 Conflict. In the case of any conflict between the Articles of Incorporation and these By-laws, the Articles shall control; in case of any conflict between the Declaration and these By-laws, the Declaration shall control; and in the case of any conflict between the Articles and the Declaration, the Declaration shall control. ARTICLE IX MORTGAGES 9.1 Notice to Association. An Owner who mortgages his, her, its or their Residence shall notify the Board of Directors through the Management Contractor, if any, or the President of the Board of Directors, giving the name and address of such Owner's Mortgagee. The Association shall maintain such information in a book or list entitled "Mortgagees of Lots". 9.2 Notice of Unpaid Assessments. The Association shall, at the request of a Mortgagee of a Lot, report any unpaid assessments due from the Owner of such Lot. 9.3 Attendance at Meetings. A First Mortgagee shall have the right to attend any meeting of the Members. ARTICLE X EVIDENCE OF OWNERSHIP AND REGISTRATION OF MAIL ADDRESS 10.1 Proof of Ownership. Any person, on becoming an Owner of a Lot, shall furnish to the Management Contractor or Board of Directors a photocopy (or, if requested by the Board, a certified copy) of the recorded instrument vesting that person or entity with an interest or ownership, which instruments shall remain in the files of the Association. A Member shall not be deemed to be in good standing nor shall he, she, it or they be entitled to vote at any annual or special meeting unless this requirement is first met. Longa Peak HOA Bylaws 9-6-02.wpd 18 10.2 Registration of Mailing Address. The Owners of each Lot shall have one registered mailing address for use by the Association for mailing statements, notices, demands and all other communications; and such registered address shall be the only mailing address of a person or persons, firm, corporation,partnership, association, or other legal entity, or any combination thereof, to be used by the Association. Such registered address of an Owner or Owners shall be furnished by such Owners to the Secretary within five (5) days after transfer of title; such registration shall be in written form and signed by all of the owners of the Lot or by such persons as are authorized by law to represent the interest of (all of) the Owners thereof. Registered addresses may be changed in similar fashion. If no such address is registered, or if all of the Owners cannot agree, then the address of the Owners shall be the address of the Lot. 10.3 Completed Requirement. The requirements contained in this Article shall be first met before an Owner of a Lot shall be deemed in good standing and entitled to vote at any annual or special meeting of Members. ARTICLE XI RESTRICTIONS 11.1 Nonprofit Corporation. This Association is not organized for profit. No Member, member of the Board of Directors, or person from whom the Association may receive any property or funds, shall receive or shall be lawfully entitled to receive any pecuniary profit from the operations thereof; and in no event shall any part of the funds or assets of the Association be paid as salary or compensation to, or distributed to, or inure to the benefit of, any Member of the Board of Directors. The foregoing, however, shall neither prevent nor restrict the following: (1) reasonable compensation may be paid to any Member or Director while acting as an agent or employee of the Association for services rendered in affecting one or more of the purposes of the Association, and (2) any member or Director may, from time to time, be reimbursed for his or her actual and reasonable expenses incurred in connection with the administration of the affairs of the Association. ARTICLE XII SEAL The corporate seal shall consist of an impression substantially in the form of two concentric circles with the name of the Association and the word "Colorado" between the circles, and the word "Seal" in the center. Longs Peak FIOA Bylaws 9-6-02.wpd 19 ARTICLE XIII FISCAL YEAR The fiscal year of the Association shall be as determined from time to time by the Board of Directors. IN WITNESS WHEREOF, the undersigned have executed these By-Laws this day of September, 2002. BOARD OF DIRECTORS: r The undersigned Secretary of Longs Peak Estates Homeowners Association, a Colorado non-profit corporation, does hereby certify that the above and foregoing By-Laws were duly adopted by the Board of Directors as the By-laws of the Corporation on the day of September, 2002, and that they now constitute the By-Laws of the Corporation. DATED this day of September, 2002. Secretary Longs Peak HOA Bylaws%-02.wpd 20 RINKO, LLC Phone:303.601-9230 Fax: 303-277-1583 Rinko,LLC E-Mail:johnrinko@yahoo.com P.O. Box 28218#I6 Lakewood,Colorado 80228 May 7,2002 Mr. Kim Ogle Lead Planner Weld County Department of Planning Services 1555 North 17th Avenue Greeley,Colorado 80631 Subject: Change of Zone Plat Map Report Longs Peak Estates, Case#Z-543 Dear Kim: Attached please find two (2)copies of a report supporting the Change of Zone for Longs Peak Estates PUD, Case number Z-543. The Report assembles the requested information supporting the Change of Zone. This submittal provides the final Change of Zone Plat Map to Weld County and addresses the conditional issues defined in the Weld County Board of County Commissioners Resolution of October 24,2001. r Final draft copies of the Change of Zone Plat Map appear in Attachment 3 of the Report. Once we receive your approval on the drawings, we will issue final copies, a signed Mylar version, and digital files for inclusion into Attachment 14 of the Report. Attached to this letter are the original,notarized copies of the cash-in-lieu fee payment as the agreement reached with the St. Vrain Valley School District. Copies of these documents are included in the Report Attachment 6. Based on input from the School District staff, we understand that these originals are to be filed with Weld County Planning. Our proposed mitigation efforts to Peak View Road are contained in a letter appearing in Attachment 11. Based on correspondence with Mr. Drew Scheltinga,we understand that referral of this material from Planning to Public Works Department is the best way to provide review and approval. We trust this package addresses the conditions of the Resolution for submittal of the final Change of Zone Plat Map. Should you have any questions or require additional documentation, please do not hesitate to contact me at(303) 601-9230. Sincerely, John Rinko, Jr., P.E. cc: Daryl) Propp, Propp Realty enclosure Information delivered to the Weld County Department of Planning Services The Department of Planning and Zoning suggests at the time of submission all incoming correspondence and Mylar be reviewed by the planner. In situations where this is not possible, please complete the following information to ensure that submitted material is given to the correct person. In absence of this information a delay in response time will likely occur. PLEASE PRINT LEGIBLY Date Submitted: p ^ �O � 2 List item(s) submitted / ! n ./ / ( - /L �//J( Qu�< dCY�Nc �l'�1 /��(1S. b�'��7uc t !X'4W�",`.'T[� 'tjorf (1 �op: L' t -{rn..,5LrFjo,1t<i Person submitting innformatioh: Name: A r)V-i t\ Telephone number(s): '3c 3 (r-.n t 9 >a° Fax number: Applicant: Name: I- L., S PrglL fr J L S Case number: 2- 7 H 3 Planner working with: \C,tv, O t Has the recording fee for the Mylar been paid? If no, please pay$10/per page Submitted by: Date: V - 1O ` Received by: /'/G/GZ Date: Ni a.W PFILE5\6midf ngromwiorecerving.wpd RINKO, LLC Phone:303-601-9230 Fax:303-277-1583 Rinko,LLC E-Mail:Johnrinko@yahoo.com 12081 W.Alameda Pkwy.#254 Lakewood,Colorado 80228 TO Mr. Kim Ogle Lead Planner DATE 6/20/02 PROJECT NO. Case#Z-543 Dept. of Planning Services Re Longs Peak Estates PUD 1555 N. 17"'Avenue Greeley, CO 80631 SENDING ® Attached 0 Under separate cover ❑ Transmitted via ❑ Prints ® Reproducibles 0 Specifications 0 Shop Drawings ❑ Copy of Letter 0 Change Order 0 Reports COPIES DRAWING DATE DESCRIPTION 1 2 6/20/02 Final Change of Zone Plat Map Mylars TRANSMITTED ❑ For approval ® As requested ❑ For your use ❑ For review and comment REMARKS One set of reproducibles(Mylars)for Longs Peak Estates PUD Final Change of Zone Plat Map,signed by Owner and Surveyor. COPY TO Daryll Propp with(0)Enc. jcliALX Sean Welsch with(0)Enc. SIGNED Rinko, Jr., Principal RINKO, LLC Phone:303-601-9230 Fax:303-277-1583 Rinko,LW E-Mail:johnrinko@yahoo.com 12081 W.Alameda Pkwy.#254 Lakewood,Colorado 80228 August 7, 2002 Mr. Kim Ogle Lead Planner Weld County Department of Planning Services 1555 North 17th Avenue Greeley, Colorado 80631 Subject: Change of Zone Plat Map Digital Files Longs Peak Estates, Case# Z-543 Dear Kim: Attached please find one(1) CD containing the digital file submittal for the Final Change of Zone Plat for Longs Peak Estates PUD, Case number Z-543. This submittal provides the final Change of Zone Plat Map drawings on digital format to Weld County as requested in Item 2J, Page 6 of the Weld County Board of County Commissioners Resolution dated October 24,2001. The drawings are in CAD".dwg"format, specifically AutoCAD 2000. The CD can be inserted into Attachment 14 of the report entitled"Change of Zone Plat Map and Supporting Documents"by Rinko, LLC dated May 2002. We trust this package addresses the conditions of the Resolution for submittal of the final Change of Zone Plat Map digital drawings. Should you have any questions or require additional documentation, please do not hesitate to contact me at(303)601-9230. Sincerely, John Rinko,Jr., P.E. cc: Daryll Propp, Propp Realty enclosure WELD COUNTY ROAD ACCESS INFORMATION SHEET • Road File#: Date: 5/91O7 RE# : Other Case #: a- ? 1-"is k.ics Weld County Department of Public Works 111 H Street, P.O. Box 758, Greeley,Colorado 80632 Phone: (970)356-4000,Ext.3750 Fax: (970)304-6497 1. Applicant Name Q .'atr-(1 L. - \„1,V, C2ZLL Phone 30c-Cocc - 4)-30 Address u1,01(1 W. Ale,,:<cta, tit / '�' > �u City La14wea State c o Zip sroz.).6 2. Address or Location of Access nnW )" , Ye Section 7 Township / N Range Lir u. Subdivision — Block — Lot — Weld County Road#: 12 Side of Road .S-ektk Distance from nearest intersection '-sou 3. Is there an existing access(es)to the property? . Yes 1 No #of Accesses Z 4. Proposed Use: 19�Permanent Q' Residential/Agricultural 0 Industrial 0 Temporary al- Subdivision 0 Commercial 0 Other • 5. Site Sketch / !KROVAY 52 Legend for Access Description: LOWER . BOULDER AG = Agricultural DITCH RES = Residential O&G = Oil&Gas D.R. = Ditch Road O = House O = Shed BM# PEAK sawlr warn 12 - vlrw RI)* 3 SIT .+ra PL 6 CS. 10 1 2 - n rWar7C n(.itl. �....0 ., 10 VICINITY MAP OFFICE USE ONLY: Road ADT Date Accidents Date Road ADT Date Accidents Date Drainage Requirement Culvert Size Length Special Conditions ❑ Installation Authorized ❑ Information Insufficient ^ Reviewed By: Title: -19- MEMORANDUM .-. a TO: Kim Ogle, Planner III DATE: June 11, 2002 FROM: Drew Scheltinga P. E., Engineering Manager Ut_> ' SUBJECT: Z-543, Longs Peak Estates C. COLORADO I have reviewed the supplemental material submitted by John Rinko dated May,2002. The materials are complete and meet the Public Works Department requirements for recording of the Change of Zone Plat. The following items are required with the Final Plat application materials: 1. Final road construction plans and pavement design will be required for Avery Court and Dawn Court including both internal and external improvements. 2. Final drainage report and drainage construction plans are required. 3. Improvements Agreements shall be submitted. 4. All landscaping in the intersection sight triangles must be less than 3.5 feet above the road level at maturity. 5. The Change of Zone Plat shows Lot 1 to the center of Weld County Road (WCR)12. WCR 12 between WCR's 5 and 7 is classified as an arterial road in the proposed Road Way Classification Study. The arterial section requires a 110' right-of-way. The Final Plat shall dedicate a 55' right-of-way on WCR 12 and show the north line of Lot 1 to the right-of-way of WCR 12. 6. Longs Peak Estates will increase the traffic on WCR 12 approximately 30%. A proposed off site road improvements agreement that will share the cost of future paving, or dust control, proportional to the impact of the development will be required at final plat application. ,,^ M:\WPFILES\DREW\Planning\z-543.wpd Summary Response Weld County Public Works Department Memorandum dated June 11, 2002 Items required with Final Plat Application Materials Response to Requested Items: 1. Final road construction plans and pavement designs are included in the Final Plan application submittal. 2. A drainage report and plans are included in the Final Plan application submittal. 3. Improvements Agreements for private(on-site) and public (off-site) improvements are included. 4. The landscaping plan is submitted for approval. Landscaping height limitations will be adhered to. 5. The Final Plat has dedicated the requested right-of-way for WCR 12. 6. Public Works has requested a proposed off-site road improvements agreement to share the cost of future impact of the development to WCR 12. In response, we propose to have the Homeowners' Association contribute 30%of the cost for dust control for the WCR 12 frontage of the development and extending 500 feet to the east and west of the property boundary. We also reserve the right to perform a traffic count study to assess the development's actual impact on WCR 12 after completion of the buildout for impact cost contribution reassessment. IMPROVEMENTS AGREEMENT ACCORDING TO -- POLICY REGARDING COLLATERAL FOR IMPROVEMENTS (PRIVATE ROAD MAINTENANCE) THIS AGREEMENT,made and entered into this day of ,20 by and between the County of Weld, State of Colorado, acting through its Board of County Commissioners, hereinafter called "County,"and ( roe p t eck t1\,r \w hereinafter called "Applicant." WITNESSETH: WHEREAS, Applicant is the owner of, or has a controlling interest in the following described property in the County of Weld, Colorado: A tract of land located in the W %2 of the NE Y, and in the NE '/e of the NW '/ of Section 9, Township 1 North, Range 68 West of the 6th P.M., County of Weld, State of Colorado (see full legal description on Plat Map). WHEREAS, a Final Subdivision/Planned Unit Development (PUD) plat of said property, to be 'mown as Lov q.s Peak Es+ci has been submitted to the County for approval, and WHEREAS, relevant Sections of the Weld County Code provide that no Subdivision Final Plat, Planned Unit Development Final Plat, or Site Plan shall be approved by the County until the Applicant has submitted a Subdivision Improvement Agreement guaranteeing the construction of the public improvements shown on plans,plats and supporting documents of the Subdivision Final Plat, Planned Unit Development Final Plat, or Site Plan, which improvements, along with a time schedule for completion, are listed in Exhibits "A" and "B"of this Agreement. NOW, THEREFORE, IN CONSIDERATION OF the foregoing and of the acceptance and approval of said Final Plat, the parties hereto promise, covenant and agree as follows: 1.0 Engineering Services: Applicant shall furnish,at its own expense,all engineering services in connection with the design and construction of the Subdivision or Planned Unit Development improvements listed on Exhibit "A," which is attached hereto and incorporated herein by reference. 1.1 The required engineering services shall be performed by a Professional Engineer and Land Surveyor registered in the State of Colorado, and shall conform to the standards and criteria established by the County for public improvements. 1.2 The required engineering services shall consist of, but not be limited to, surveys, designs,plans and profiles,estimates,construction supervision,and the submission of necessary documents to the County. Revised 07/01/2002 1 M:\WPFILES\WENDRAPRrVATE 1.3 Applicant shall furnish drawings and cost estimates for roads within the Subdivision or Planned Unit Development to the County for approval prior to the letting of any construction contract. Applicant shall furnish one set of reproducible "as-built" drawings and a final statement of construction cost to the County. 2.0 Rights-of-Way and Easements: Before commencing the construction of any improvements herein agreed upon,Applicant shall acquire,at its own expense,good and sufficient rights- of-way and easements on all lands and facilities traversed by the proposed improvements. 3.0 Construction: Applicant shall furnish and install, at its own expense, the Subdivision or Planned Unit Development improvements listed on Exhibit"A,"which is attached hereto and incorporated herein by reference, according to the construction schedule set out in Exhibit"B" which is also attached hereto and incorporated herein by reference. 3.1 Said construction shall be in strict conformance to the plans and drawings approved by the County and the specifications adopted by the County for such public improvements. Whenever a Subdivision or Planned Unit Development is proposed within three miles of an incorporated community located in Weld County or located in any adjacent county,the Applicant shall be required to install improvements in accordance with the requirements and standards that would exist if the plat were developed within the corporate limits of that community. If the incorporated community has not adopted such requirements and standards at the lime the Subdivision or Planned Unit Development is proposed, the requirements and standards of the County shall be adhered to. If both the incorporated community and the County have requirements and standards,those requirements and standards that are more restrictive shall apply. 3.2 Applicant shall employ,at its own expense,a qualified testing company previously approved by the County to perform all testing of materials or construction that is required by the County; and shall furnish copies of test results to the County. 3.3 At all times during said construction, the County shall have the right to test and inspect, or to require testing and inspection of material and work at Applicant's expense. Any material or work not conforming to the approved plans and specifications shall be removed and replaced to the satisfaction of the County at Applicant's expense. 3.4 Applicant shall furnish proof that proper arrangements have been made for the installation of sanitary sewer or septic systems, water, gas, electric and telephone services. 3.5 Said Subdivision or Planned Unit Development improvements shall be completed, according to the terms of this Agreement, within the construction schedule appearing in Exhibit"B." The Board of County Commissioners,at its option,may grant an extension of the time of completion shown on Exhibit"B"upon application by the Applicant subject to the terms of Section 6 herein. 2 Revised 07/01/2002 M:\W PFILES\WENDRAPRIVATE 4.0 Release of Liability: Applicant shall indemnify and hold harmless the County from any and all liability loss and damage County may suffer as a result of all suits, actions or claims of every nature and description caused by, arising from, or on account of said design and construction of improvements,and pay any and all judgments rendered against the County on account of any such suit, action or claim, together with all reasonable expenses and attorney fees incurred by County in defending such suit, action or claim whether the liability, loss or damage is caused by, or arises out of the negligence of the County or its officers, agents, employees, or otherwise except for the liability, loss, or damage arising from the intentional torts or the gross negligence of the County or its employees while acting within the scope of their employment. All contractors and other employees engaged in construction of the improvements shall maintain adequate worker's compensation insurance and public liability insurance coverage,and shall operate in strict accordance with the laws and regulations of the State of Colorado governing occupational safety and health. (THERE IS NO SECTION 5) 6.0 Approval of Streets by the County: Upon compliance with the following procedures by the Applicant,streets within a Subdivision or Planned Unit Development may be approved by the County as public roads and will be maintained and repaired by a Homeowners Association or, in its absence, the owners of lots within the Subdivision or Planned Unit Development. 6.1 If desired by the County,portions of street improvements may be placed in service when completed according to the schedule shown on Exhibit"B,"but such use and operation shall not constitute an approval of said portions. 6.2 County may, at its option,issue building permits for construction on lots for which street improvements detailed herein have been started but not completed as shown on Exhibit"B,"and may continue to issue building permits so long as the progress of work on the Subdivision or Planned Unit Development improvements in that phase of the development is satisfactory to the County; and all terms of this Agreement have been faithfully kept by Applicant. 6.3 Upon completion of the construction of streets within a Subdivision or Planned Unit Development and the filing of a Statement of Substantial Compliance, the applicant(s)may request in writing that the County Engineer inspect its streets and recommend that the Board of County Commissioners partially approve them. Not sooner than nine months after partial approval, the County Engineer shall, upon request by the applicant, inspect the subject streets, and notify the applicant(s) of any deficiencies. The County Engineer shall reinspect the streets after notification from the applicant(s) that any deficiencies have been corrected. If the County Engineer finds that the streets are constructed according to County standards,he or she shall recommend full approval. Upon a receipt of a positive unqualified recommendation from the County Engineer for approval of streets within the development, the Board of County Commissioners shall fully approve said streets as public but with private pay. Revised 07/01/2002 3 M:\WPFILES\WENDIWPRIVATE 7.0 General Requirements for Collateral: 7.1 The value of all collateral submitted to Weld County must be equivalent to One- Hundred percent (100%) of the value of the improvements as shown in this Agreement. Prior to Final Plat approval, the applicant shall indicate which of the five types of collateral preferred to be utilized to secure the improvements subject to final approval by the Board of County Commissioners and the execution of this Agreement. Acceptable collateral shall be submitted and the plat recorded within six (6) months of the Final Plat approval. If acceptable collateral has not been submitted within six (6) months then the Final Plat approval and all preliminary approvals shall automatically expire. Applicant may request that the County extend the Final Plat approval provided the cost estimates are updated and the development plans are revised to comply with all current County standards, policies and regulations. The improvements shall be completed within one (1) year after the Final Plat approval(not one year after acceptable collateral is submitted) unless the applicant(s) requests that this Agreement be renewed at least thirty (30) days prior to its expiration and further provides that cost estimates for the remaining improvements are updated and collateral is provided in the amount of One- Hundred percent (100%) of the value of the improvements remaining to be completed. If improvements are not completed and the agreement not renewed within these time frames,the County, at its discretion,may make demand on all or a portion of the collateral and take steps to see that the improvements are made. 7.2 The applicant may choose to provide for a phased development by means of designating filings of a Planned Unit Development Final Plat or Subdivision Final Plat. The applicant would need only to provide collateral for the improvements in each filing as approved. The County will place restrictions on those portions of the property that are not covered by collateral which will prohibit the conveyance of the property or the issuance of building permits until collateral is provided or until improvements are in place and approved pursuant to the requirements for a Request for Release of Collateral. 7.3 The applicant intends to develop in accordance with Exhibits"A"and "B." 8.0 Improvements Guarantee: The five types of collateral listed below are acceptable to Weld County subject to final approval by the Board of County Commissioners. 8.1 An irrevocable Letter of Credit from a Federal or State licensed financial institution on a form approved by Weld County. The Letter of Credit shall state at least the following: 8.1.1 The Letter of Credit shall be in an amount equivalent of One-Hundred percent (100%) of the total value of the improvements as set forth in Section 6.0 and Exhibits "A"and "B." 8.1.2 The Letter of Credit shall provide for payment upon demand to Weld County if the developer has not performed the obligations specified in the Improvements Agreement and the issuer has been notified of such default. 4 Revised 07/01/2002 M:\W PFILES\W ENDMPRIV ATE 8.1.3 The applicant may draw from the Letter of Credit in accordance with the provisions of this policy. 8.1.4 The issuer of the Letter of Credit shall guarantee that, at all times the unreleased portion of the Letter of Credit shall be equal to a minimum of One-Hundred percent (100%) of the estimated costs of completing the uncompleted portions of the required improvements,based on inspections of the development by the issuer. In no case shall disbursement for a general improvement item exceed the cost estimate in the Improvements Agreement(i.e., streets, sewers, water mains and landscaping, etc.). The issuer of the Letter of Credit will sign the Improvements Agreement acknowledging the agreement and its cost estimates. 8.1.5 The Letter of Credit shall specify that fifteen percent (15%) of the total Letter of Credit amount cannot be drawn upon and will remain available to Weld County until released by Weld County. 8.1.6 The Letter of Credit shall specify that the date of proposed expiration of the Letter of Credit shall be either the date of release by Weld County of the final fifteen percent (15%), or one year from the date of Final Plat approval, whichever occurs first. Said letter shall stipulate that, in any event,the Letter of Credit shall remain in full force and effect until after the Board has received sixty (60) days written notice from the issuer of the Letter of Credit of the pending expiration. Said notice shall be sent by certified mail to the Clerk to the Board of County Commissioners. 8.2 Trust Deed upon all or some of the proposed development or other property acceptable to the Board of County Commissioners provided that the following are submitted: 8.2.1 In the event property within the proposed development is used as collateral, an appraisal is required of the property in the proposed development by a disinterested Member of the American Institute of Real Estate Appraisers (M.A.I.)indicating that the value of the property encumbered in its current degree of development is sufficient to cover One-Hundred percent(100%) of the cost of the improvements as set forth in the Improvements Agreement plus all costs of sale of the property. 8.2.2 In the event property other than the property to be developed has been accepted as collateral by Weld County,then an appraisal is required of the property by a Member of the Institute of Real Estate Appraisers (M.A.I.) indicating that the value of the property encumbered in its current state of development is sufficient to cover One-Hundred percent(100%)of the cost of the improvements as set forth in the Improvements Agreement plus all costs of sale of the property. 8.2.3 A title insurance policy insuring that the Trust Deed creates a valid encumbrance which is senior to all other liens and encumbrances. Revised 07/01/2002 5 M:\WPFILES\WENDIWPRIVATE 8.2.4 A building permit hold shall be placed on the encumbered property. 8.3 Escrow Agreement that provides at least the following: 8.3.1 The cash in escrow is at least equal to One-Hundred percent(100%)of the amount specified in the Improvements Agreement. 8.3.2 The escrow agent guarantees that the escrowed funds will be used for improvements as specified in the agreement and for no other purpose and will not release any portion of such funds without prior approval of the Weld County Board of Commissioners. 8.3.3 The escrow agent will be a Federal or state-licensed bank or financial institution. 8.3.4 If Weld County determines there is a default of the Improvements Agreement,the escrow agent,upon request by the County,shall release any remaining escrowed funds to the County. 8.4 A surety bond given by a corporate surety authorized to do business in the State of Colorado in an amount equivalent to One-Hundred percent(100%)of the value of the improvements as specified in the Improvements Agreement. 8.5 A cash deposit made with the County equivalent to One-Hundred percent(100%) of the value of the improvements. 9.0 Request for Release of Collateral: Prior to release of collateral for the entire project or for a portion of the project by Weld County, the Applicant must present a Statement of Substantial Compliance from an Engineer registered in Colorado that the project or a portion of the project has been completed in substantial compliance with approved plans and specifications documenting the following: 9.1 The Engineer or his representative has made regular on-site inspections during the course of construction and the construction plans utilized are the same as those approved by Weld County. 9.2 Test results must be submitted for all phases of this project as per Colorado Department of Transportation Schedule for minimum materials sampling, testing and inspections found in the Colorado Department of Transportation (CDOT) Materials Manual. 9.3 "As built" plans shall be submitted at the time the letter requesting release of collateral is submitted. The Engineer shall certify that the project "as-built" is in substantial compliance with the plans and specifications as approved, or that any material deviations have received prior approval from the County Engineer. 9.4 The Statements of Substantial Compliance must be accompanied,if appropriate,by a letter of acceptance of maintenance and responsibility by the appropriate utility company, special district or town for any utilities. 6 Revised 07/01/2002 M:\W PFILES\W ENDRAPRIVATE 9.5 A letter must be submitted from the appropriate Fire Authority indicating the fire hydrants are in place in accordance with the approved plans. The letter shall indicate if the fire hydrants are operational and state the results of fire flow tests. 9.6 The requirements in paragraphs 9.0 thru 9.5 shall be noted on the final construction plans. 9.7 Following the submittal of the Statement of Substantial Compliance and recommendation of approval of the streets by the County, the applicant(s) may request release of the collateral for the project or portion of the project by the Board. This action will be taken at a regularly scheduled public meeting of the Board. 9.8 The request for release of collateral shall be accompanied by"Warranty Collateral" in the amount of fifteen percent(15%)of the value of the improvements as shown in this Agreement excluding improvements fully accepted for maintenance by the responsible governmental entity, special district or utility company. 9.9 The warranty collateral shall be released to the applicant upon final approval by the Board of County Commissioners. 10.0 Public Sites and Open Spaces: When the Board of County Commissioners,pursuant to a rezoning,Subdivision or Planned Unit Development,requires the dedication,development and/or reservation of areas or sites other than Subdivision or Planned Unit Development streets and utility easements of a character, extent and location suitable for public use for parks, greenbelts or schools, said actions shall be secured in accordance with one of the following alternatives,or as specified in the Planned Unit Development(PUD)Plan,if any: 10.1 The required acreage as may be determined according to the Weld County Subdivision Regulations shall be dedicated to the County or the appropriate school district, for one of the above purposes. Any area so dedicated shall be maintained by the County or school district. 10.2 The required acreage as determined according to Chapter 24 of the Weld County Code, may be reserved through deed restrictions as open area,the maintenance of which shall be a specific obligation in the deed of each lot within the Subdivision or Planned Unit Development. 10.3 In lieu of land,the County may require a payment to the County in an amount equal to the market value at the time of Final Plat submission of the required acreage as determined according to Chapter 24 of the Weld County Code. Such value shall be determined by a competent land appraiser chosen jointly by the Board and the Applicant. The cash collected shall be deposited in an escrow account to be expended for parks at a later date. 11.0 Successors and Assigns: This Agreement shall be binding upon the heirs, executors, personal representatives,successors and assigns of the Applicant,and upon recording by the County, shall be deemed a covenant running with the land herein described, and shall be binding upon the successors in ownership of said land. Revised 07/01/2002 7 M:\WPFILES\WENDI\APRIVATE IN WITNESS WHEREOF,the parties hereto have caused this Agreement to be executed on the day and year first above written. APPLICANT: APPLICANT: TITLE: Subscribed and sworn to before me this day of ,Z0— My Commission expires: Notary Public ATTEST: BOARD OF COUNTY COMMISSIONERS WELD COUNTY,COLORADO Weld County Clerk to the Board , Chair BY: Deputy Clerk to the Board APPROVED AS TO FORM: County Attorney Revised 07/01/2002 8 M:\WPFILES\WENDRAPRIVATE EXHIBIT"A" Name of Subdivision or Planned Unit Development: L ov\ c PPGk r- >S-1-Ct"f eS Filing: Location: Intending to be legally bound, the undersigned Applicant hereby agrees to provide throughout this Subdivision or Planned Unit Development the following improvements. (Leave spaces blank where they do no[apply) Sec A-H-uCkl .e L c" e- Improvements Ouantity Units Unit Estimated Costs Construction Cost Site grading Street grading Street base Street paving Curbs, gutters,and culverts Sidewalk Storm sewer facilities Retention ponds Ditch Improvements Subsurface drainage Sanitary sewers Trunk and forced lines Mains Laterals(house connected) On-site sewage facilities On-site water supply and storage Water Mains(includes bore) Fire hydrants Survey and street monuments and boxes Street lighting Street Names Fencing requirements Landscaping Park improvements Road culvert Grass lined swale Telephone Gas Electric Water transfer SUB-TOTAL: 419, 7 y 2 Engineering and Supervision Costs $ 3U, OO0 ( S v\citc (t) ;l-<uAMr eldLc.It) (Testing, inspection, as-built plans and work in addition to preliminary and final plat; supervision of actual construction by contractors) TOTAL ESTIMATED COST OF IMPROVEMENTS AND SUPERVISION $ Sq 7 1 Revised 07/01/2002 9 M:\WPFILES\WENDI4IPRIVATE The above improvements shall be constructed in accordance with all County requirements and specifications, and conformance with this provision shall be determined solely by Weld County,or its duly authorized agent. Said improvements shall be completed according to the construction schedule set out in Exhibit"B." By: Applicant Applicant Date: , 20 Title (If corporation, to be signed by President and attested to by Secretary,together with corporate seal.) Revised 07/01/2002 10 MAWPFILES\WENDPAPRIVATE ESTIMATED IMPROVEMENTS COSTS PROJECT: LONGS PEAK ESTATES SUBJECT: COST ESTIMATE-PRIVATE(ON-SITE)IMPROVEMENTS TOTAL ITEM NO. DESCRIPTION UNITS QUANTITY UNIT COST COST MISCELLANEOUS .,,,„ 12 INCH STEEL CASING FOR QRY UTILITIES LF 80 $52.00 $4,160 UNCLASSIFIED EXCAVATION(COMPLETE IN PLACE) CY 4031 ' $2.50 ' $10,078 EMBANKMENT MATERIAL(COMPLETE IN PLACE) CY 1557 , $2.50 $3,893 REMOVAL OF 42"CMP LF 20 $100.00 $2,000 CLEARING AND GRUBBING SY 13426 $1.00 $13,426 SUBTOTAL $33,556 EROSION CONTROL SILT FENCE LF 2460 $2.75 $6,765 EROSION BALE SEDIMENT FILTERS EACH 8 $12.00 $96 SUBTOTAL $6,861 STORM SEWER&IRRIGATION DITCH 12 INCH RCP PIPE LF 164 $20.00 $3,280 15 INCH HDPE IRRIGATION LATERAL LF 270 $20.00 $5,400 18 INCH RCP PIPE, CLASS III PIPE LF 95 $34.00 $3,230 18 INCH HDPE PIPE(ADS N-12 OR EQUIVALENT) LF 71 $25.00 $1,775 24 INCH HDPE LF 93 $30.00 $2,790 42 INCH RCP PIPE,CLASS III PIPE LF 90 $95.00 $8,550 _ 12 INCH RCP FLARED END SECTION EACH 2 $400.00 $800 15 INCH HOPE FLARED END SECTION EACH 4 $400.00 $1,600 18 INCH HOPE FLARED END SECTION(ADS OR EQUIVALENT) EACH 4 $460.00 $1,840 18 INCH RCP FLARED END SECTION EACH 2 $505.00 $1,010 24 INCH HDPE FLARED END SECTION EACH 2 $500.00 $1,000 42 INCH RCP FLARED END SECTION EACH 2 $750.00 $1,500 2'CONCRETE TRICKLE PAN SY 38 $11.00 $413 RIPRAP CY 10 $67.00 $688 COOT TYPE C MODIFIED EACH 2 $2,500.00 $5,000 SUBTOTAL $38,876 ROADWAY 6 INCH HOT BITUMINOUS PAVEMENT,GRADING S SY 5057 $15.00 $75,860 6 INCH AGGREGATE BASE COURSE,CLASS 6(4'SHOULDER) CY 189 $54.00 $10,206 (1) 9 INCH AGGREGATE BASE COURSE,CLASS 6(UNPAVED DAWN COURT) CY 352 $54.00 $19,034 CURB&GUTTER, CDOT TYPE 2 LF 220 $17.00 $3,740 SUBTOTAL $108,840 WATERLINE 2 INCH GATE VALVES EACH 3 $350.00 $1,050 6 INCH GATE VALVES EACH 3 $650.00 $1,950 6 INCH C-900 PLASTIC WATERLINE PIPE LF 37 $18.00 $666 8 INCH GATE VALVES EACH 9 $705.00 $6,345 8 INCH C-900 PLASTIC WATERLINE PIPE LF 3134 $20.50 $64,247 FIRE HYDRANTS(LEFT HAND WATER DISTRICT APPROVED) EACH 3 $2,375.00 $7,125 1.5 INCH TYPE"K"COPPER WATERLINE PIPE(MAIN TO METER) LF 386 $20.00 $7,720 1.5 INCH METER&VAULT(LEFT HAND WATER DISTRICT APPROVED) EACH 8 $2,695.00 $21,560 5/8 INCH METER&VAULT(LEFT HAND WATER DISTRICT APPROVED) EACH 2 $1,000.00 $2,000 .0'-' 8"TO 2" REDUCER EACH 1 $200.00 $200 _ 2 INCH PIPE (AT DAWN EX-WATERLINE INTERSECTION) LF 10 $12.00 $120 16 INCH STEEL CASING PIPE&SKIDS LF 80 $62.0O $4,960 45°WATERLINE MAIN BEND EACH 2 $150.00 $300 22.5°WATERLINE MAIN BEND EACH 4 $150.00 $600 SUBTOTAL $118,843 ESTIMATED IMPROVEMENTS COSTS PROJECT: LONGS PEAK ESTATES SUBJECT: COST ESTIMATE-PRIVATE(ON-SITE)IMPROVEMENTS ITEM NO. DESCRIPTION UNITS QUANTITY UNIT COST TOTAL COST LANDSCAPING LANDSCAPING LUMP_ 1 $101,800 $101,800 MONUMENT SIGN inc.above_ FLAGSTONE MARKERS ENGRAVED inc.above GAZEBO inc.above SUBTOTAL $101,800 UTILITIES TELEPHONE LUMP 1 $10,000.00 $10,000 GAS LUMP 1 $20,000.00 $20,000 ELECTRIC LUMP 1 $10,000.00 $10,000 WATER TRANSFER LUMP 1 N/A SUBTOTAL $40,000 TOTAL $448,776 (1) Off-site(Private)work effort STATEMENTS OF PROBABLE CONSTRUCTION COST AND DETAILED COST ESTIMATES PREPARED BY THE ENGINEER REPRESENT THE ENGINEER'S BEST JUDGMENT AS A DESIGN PROFESSIONAL FAMILIAR WITH THE CONSTRUCTION INDUSTRY. IT IS RECOGNIZED,HOWEVER,THAT THE ENGINEER HAS NO CONTROL OVER THE COST OF LABOR, MATERIALS,EQUIPMENT,THE CONTRACTOR'S METHODS OF DETERMINING BID PRICES,OR THE COMPETITIVE BIDDING OR MARKET CONDITIONS. ACCORDINGLY,THE ENGINEER CANNOT AND DOES NOT GUARANTEE THAT BIDS WILL NOT VARY FROM ANY STATEMENT OF PROBABLE CONSTRUCTION COST OR OTHER COST ESTIMATES PREPARED THE ENGINEER. r EXHIBIT"B" Name of Subdivision or Planned Unit Development: L n y\ ,c Ye ck\c L c{-c.C1 S Filing: Location: Intending to be legally bound, the undersigned Applicant hereby agrees to provide throughout this Subdivision or Planned Unit Development the following improvements. All improvements shall be completed within 3 years from the date of approval of the final plat. Construction of the improvements listed in Exhibit"A" shall be completed as follows: (Leave spaces blank where they do not apply.) Improvements Time for Completion Site grading 4- (r, V40%1%14\ cnr1/44f'tac-/'br. Street base s c h edw r.Ls A",..oct ftiC Street paving pro rA -Q'1 %MP4S. Curbs, gutters, and culverts Sidewalk Storm sewer facilities Retention ponds Ditch improvements Subsurface drainage Sanitary sewers Trunk and forced lines Mains Laterals (house connected) On-site sewage facilities On-site water supply and storage Water mains Fire hydrants Survey and street monuments and boxes Street lighting Street name signs Fencing requirements Landscaping Park improvements Road culvert Grass lined swale Telephone Gas Electric Water Transfer SUB-TOTAL: Revised 07/01/2002 11 M:\WPFILES\WENDnAPRIVATE The County, at its option, and upon the request of the Applicant,may grant an extension of time for completion for any particular improvements shown above,upon a showing by the Applicant that the above schedule cannot be met. By: Applicant Applicant Date: ,20 Title (If corporation, to be signed by President and attested to by Secretary,together with corporate seal.) Revised 07/01/2002 12 M:\WPFILES\WENDI\APRIVATE IMPROVEMENTS AGREEMENT ACCORDING TO POLICY REGARDING COLLATERAL FOR IMPROVEMENTS (PRIVATE ROAD MAINTENANCE) THIS AGREEMENT,made and entered into this day of ,20_,by and between the County of Weld, State of Colorado,;� acting through its Board of County Commissioners, Pr hereinafter called "County," and op p lRecktty \w hereinafter called "Applicant." WITNESSETH: WHEREAS, Applicant is the owner of, or has a controlling interest in the following described property in the County of Weld, Colorado: A tract of land located in the W %2 of the NE '/, and in the NE 'A of the NW '/4 of Section 9, Township 1 North, Range 68 West of the 6th P.M., County of Weld, State of Colorado (see full legal description on Plat Map). WHEREAS, a Final Subdivision/Planned Unit Development (PUD) plat of said property, to be known as Lov q$ Peck L S-kites has been submitted to the County for approval, and WHEREAS,relevant Sections of the Weld County Code provide that no Subdivision Final Plat, Planned Unit Development Final Plat, or Site Plan shall be approved by the County until the Applicant has submitted a Subdivision Improvement Agreement guaranteeing the construction of the public improvements shown on plans,plats and supporting documents of the Subdivision Final Plat,Planned Unit Development Final Plat, or Site Plan, which improvements, along with a time schedule for completion, are listed in Exhibits "A" and "B"of this Agreement. NOW, THEREFORE, IN CONSIDERATION OF the foregoing and of the acceptance and approval of said Final Plat, the parties hereto promise, covenant and agree as follows: 1.0 Engineering Services: Applicant shall furnish,at its own expense,all engineering services in connection with the design and construction of the Subdivision or Planned Unit Development improvements listed on Exhibit "A," which is attached hereto and incorporated herein by reference. 1.1 The required engineering services shall be performed by a Professional Engineer and Land Surveyor registered in the State of Colorado, and shall conform to the standards and criteria established by the County for public improvements. 1.2 The required engineering services shall consist of, but not be limited to, surveys, designs,plans and profiles,estimates,construction supervision,and the submission of necessary documents to the County. Revised 07/01/2002 1 M:\WPFILES\WENDI\APRIVATE 1.3 Applicant shall furnish drawings and cost estimates for roads within the Subdivision or Planned Unit Development to the County for approval prior to the letting of any construction contract. Applicant shall furnish one set of reproducible "as-built" drawings and a final statement of construction cost to the County. 2.0 Rights-of-Way and Easements: Before commencing the construction of any improvements herein agreed upon,Applicant shall acquire,at its own expense,good and sufficient rights- of-way and easements on all lands and facilities traversed by the proposed improvements. 3.0 Construction: Applicant shall furnish and install, at its own expense, the Subdivision or Planned Unit Development improvements listed on Exhibit"A,"which is attached hereto and incorporated herein by reference, according to the construction schedule set out in Exhibit"B"which is also attached hereto and incorporated herein by reference. 3.1 Said construction shall be in strict conformance to the plans and drawings approved by the County and the specifications adopted by the County for such public improvements. Whenever a Subdivision or Planned Unit Development is proposed within three miles of an incorporated community located in Weld County or located in any adjacent county, the Applicant shall be required to install improvements in accordance with the requirements and standards that would exist if the plat were developed within the corporate limits of that community. If the incorporated community has not adopted such requirements and standards at the time the Subdivision or Planned Unit Development is proposed, the requirements and standards of the County shall be adhered to. If both the incorporated community and the County have requirements and standards,those requirements and standards that are more restrictive shall apply. 3.2 Applicant shall employ,at its own expense,a qualified testing company previously approved by the County to perform all testing of materials or construction that is required by the County; and shall furnish copies of test results to the County. 3.3 At all times during said construction, the County shall have the right to test and inspect, or to require testing and inspection of material and work at Applicant's expense. Any material or work not conforming to the approved plans and specifications shall be removed and replaced to the satisfaction of the County at Applicant's expense. 3.4 Applicant shall furnish proof that proper arrangements have been made for the installation of sanitary sewer or septic systems, water, gas, electric and telephone services. 3.5 Said Subdivision or Planned Unit Development improvements shall be completed, according to the terms of this Agreement, within the construction schedule appearing in Exhibit"B." The Board of County Commissioners, at its option,may grant an extension of the time of completion shown on Exhibit"B"upon application by the Applicant subject to the terms of Section 6 herein. r 2 Revised 07/01/2002 M:\W PFILES\WENDI\APRIVATE 4.0 Release of Liability: Applicant shall indemnify and hold harmless the County from any and all liability loss and damage County may suffer as a result of all suits, actions or claims of every nature and description caused by, arising from, or on account of said design and construction of improvements,and pay any and all judgments rendered against the County on account of any such suit, action or claim, together with all reasonable expenses and attorney fees incurred by County in defending such suit, action or claim whether the liability, loss or damage is caused by, or arises out of the negligence of the County or its officers, agents, employees, or otherwise except for the liability, loss, or damage arising from the intentional torts or the gross negligence of the County or its employees while acting within the scope of their employment. All contractors and other employees engaged in construction of the improvements shall maintain adequate worker's compensation insurance and public liability insurance coverage,and shall operate in strict accordance with the laws and regulations of the State of Colorado governing occupational safety and health. (THERE IS NO SECTION 5) 6.0 Approval of Streets by the County: Upon compliance with the following procedures by the Applicant, streets within a Subdivision or Planned Unit Development may be approved by the County as public roads and will be maintained and repaired by a Homeowners Association or, in its absence, the owners of lots within the Subdivision or Planned Unit Development. 6.1 If desired by the County,portions of street improvements may be placed in service when completed according to the schedule shown on Exhibit"B,"but such use and operation shall not constitute an approval of said portions. 6.2 County may,at its option,issue building permits for construction on lots for which street improvements detailed herein have been started but not completed as shown on Exhibit"B,"and may continue to issue building permits so long as the progress of work on the Subdivision or Planned Unit Development improvements in that phase of the development is satisfactory to the County; and all terms of this Agreement have been faithfully kept by Applicant. 6.3 Upon completion of the construction of streets within a Subdivision or Planned Unit Development and the filing of a Statement of Substantial Compliance, the applicant(s)may request in writing that the County Engineer inspect its streets and recommend that the Board of County Commissioners partially approve them. Not sooner than nine months after partial approval, the County Engineer shall, upon request by the applicant, inspect the subject streets, and notify the applicant(s) of any deficiencies. The County Engineer shall reinspect the streets after notification from the applicant(s) that any deficiencies have been corrected. If the County Engineer finds that the streets are constructed according to County standards,he or she shall recommend full approval. Upon a receipt of a positive unqualified recommendation from the County Engineer for approval of streets within the development,the Board of County Commissioners shall fully approve said streets as public but with private pay. Revised 07/01/2002 3 M:\WPFILES\WENDMPRIVATE 7.0 General Requirements for Collateral: 7.1 The value of all collateral submitted to Weld County must be equivalent to One- Hundred percent (100%) of the value of the improvements as shown in this Agreement. Prior to Final Plat approval, the applicant shall indicate which of the five types of collateral preferred to be utilized to secure the improvements subject to final approval by the Board of County Commissioners and the execution of this Agreement. Acceptable collateral shall be submitted and the plat recorded within six (6) months of the Final Plat approval. If acceptable collateral has not been submitted within six (6) months then the Final Plat approval and all preliminary approvals shall automatically expire. Applicant may request that the County extend the Final Plat approval provided the cost estimates are updated and the development plans are revised to comply with all current County standards, policies and regulations. The improvements shall be completed within one (1) year after the Final Plat approval(not one year after acceptable collateral is submitted) unless the applicant(s) requests that this Agreement be renewed at least thirty(30) days prior to its expiration and further provides that cost estimates for the remaining improvements are dated and collateral is provided in the amount of One- Hundred percent (100%) of the value of the improvements remaining to be completed. If improvements are not completed and the agreement not renewed within these time frames,the County, at its discretion,may make demand on all or a portion of the collateral and take steps to see that the improvements are made. 7.2 The applicant may choose to provide for a phased development by means of designating filings of a Planned Unit Development Final Plat or Subdivision Final Plat. The applicant would need only to provide collateral for the improvements in each filing as approved. The County will place restrictions on those portions of the property that are not covered by collateral which will prohibit the conveyance of the property or the issuance of building permits until collateral is provided or until improvements are in place and approved pursuant to the requirements for a Request for Release of Collateral. 7.3 The applicant intends to develop in accordance with Exhibits"A" and"B." 8.0 Improvements Guarantee: The five types of collateral listed below are acceptable to Weld County subject to final approval by the Board of County Commissioners. 8.1 An irrevocable Letter of Credit from a Federal or State licensed financial institution on a form approved by Weld County. The Letter of Credit shall state at least the following: 8.1.1 The Letter of Credit shall be in an amount equivalent of One-Hundred percent (100%) of the total value of the improvements as set forth in Section 6.0 and Exhibits "A"and"B." 8.1.2 The Letter of Credit shall provide for payment upon demand to Weld County if the developer has not performed the obligations specified in the Improvements Agreement and the issuer has been notified of such default. 4 Revised 07/01/2002 MAW PFILES\W END MPRI V ATE 8.1.3 The applicant may draw from the Letter of Credit in accordance with the provisions of this policy. 8.1.4 The issuer of the Letter of Credit shall guarantee that, at all times the unreleased portion of the Letter of Credit shall be equal to a minimum of One-Hundred percent (100%) of the estimated costs of completing the uncompleted portions of the required improvements,based on inspections of the development by the issuer. In no case shall disbursement for a general improvement item exceed the cost estimate in the Improvements Agreement(i.e., streets, sewers, water mains and landscaping, etc.). The issuer of the Letter of Credit will sign the Improvements Agreement acknowledging the agreement and its cost estimates. 8.1.5 The Letter of Credit shall specify that fifteen percent (15%) of the total Letter of Credit amount cannot be drawn upon and will remain available to Weld County until released by Weld County. 8.1.6 The Letter of Credit shall specify that the date of proposed expiration of the Letter of Credit shall be either the date of release by Weld County of the final fifteen percent (15%), or one year from the date of Final Plat approval, whichever occurs first. Said letter shall stipulate that, in any event,the Letter of Credit shall remain in full force and effect until after the Board has received sixty (60) days written notice from the issuer of the Letter of Credit of the pending expiration. Said notice shall be sent by certified mail to the Clerk to the Board of County Commissioners. 8.2 Trust Deed upon all or some of the proposed development or other property acceptable to the Board of County Commissioners provided that the following are submitted: 8.2.1 In the event property within the proposed development is used as collateral, an appraisal is required of the property in the proposed development by a disinterested Member of the American Institute of Real Estate Appraisers (M.A.I.)indicating that the value of the property encumbered in its current degree of development is sufficient to cover One-Hundred percent(100%) of the cost of the improvements as set forth in the Improvements Agreement plus all costs of sale of the property. 8.2.2 In the event property other than the property to be developed has been accepted as collateral by Weld County,then an appraisal is required of the property by a Member of the Institute of Real Estate Appraisers (M.A.I.) indicating that the value of the property encumbered in its current state of development is sufficient to cover One-Hundred percent(100%)of the cost of the improvements as set forth in the Improvements Agreement plus all costs of sale of the property. 8.2.3 A title insurance policy insuring that the Trust Deed creates a valid encumbrance which is senior to all other liens and encumbrances. r Revised 07/01/2002 5 M:\WPFILES\W ENDIW PRI V ATE 8.2.4 A building permit hold shall be placed on the encumbered property. 8.3 Escrow Agreement that provides at least the following: 8.3.1 The cash in escrow is at least equal to One-Hundred percent(100%)of the amount specified in the Improvements Agreement. 8.3.2 The escrow agent guarantees that the escrowed funds will be used for improvements as specified in the agreement and for no other purpose and will not release any portion of such funds without prior approval of the Weld County Board of Commissioners. 8.3.3 The escrow agent will be a Federal or state-licensed bank or financial institution. 8.3.4 If Weld County determines there is a default of the Improvements Agreement,the escrow agent,upon request by the County,shall release any remaining escrowed funds to the County. 8.4 A surety bond given by a corporate surety authorized to do business in the State of Colorado in an amount equivalent to One-Hundred percent(100%) of the value of the improvements as specified in the Improvements Agreement. 8.5 A cash deposit made with the County equivalent to One-Hundred percent(100%) of the value of the improvements. 9.0 Request for Release of Collateral: Prior to release of collateral for the entire project or for a portion of the project by Weld County, the Applicant must present a Statement of Substantial Compliance from an Engineer registered in Colorado that the project or a portion of the project has been completed in substantial compliance with approved plans and specifications documenting the following: 9.1 The Engineer or his representative has made regular on-site inspections during the course of construction and the construction plans utilized are the same as those approved by Weld County. 9.2 Test results must be submitted for all phases of this project as per Colorado Department of Transportation Schedule for minimum materials sampling, testing and inspections found in the Colorado Department of Transportation (CDOT) Materials Manual. 9.3 "As built" plans shall be submitted at the time the letter requesting release of collateral is submitted. The Engineer shall certify that the project "as-built" is in substantial compliance with the plans and specifications as approved, or that any material deviations have received prior approval from the County Engineer. 9.4 The Statements of Substantial Compliance must be accompanied,if appropriate,by a letter of acceptance of maintenance and responsibility by the appropriate utility company, special district or town for any utilities. 6 Revised 07/01/2002 M:\WPFILES\WENDIW PRIVATE 9.5 A letter must be submitted from the appropriate Fire Authority indicating the fire hydrants are in place in accordance with the approved plans. The letter shall indicate if the fire hydrants are operational and state the results of fire flow tests. 9.6 The requirements in paragraphs 9.0 thru 9.5 shall be noted on the final construction plans. 9.7 Following the submittal of the Statement of Substantial Compliance and recommendation of approval of the streets by the County, the applicant(s) may request release of the collateral for the project or portion of the project by the Board. This action will be taken at a regularly scheduled public meeting of the Board. 9.8 The request for release of collateral shall be accompanied by"Warranty Collateral" in the amount of fifteen percent(15%)of the value of the improvements as shown in this Agreement excluding improvements fully accepted for maintenance by the responsible governmental entity, special district or utility company. 9.9 The warranty collateral shall be released to the applicant upon final approval by the Board of County Commissioners. 10.0 Public Sites and Open Spaces: When the Board of County Commissioners, pursuant to a rezoning,Subdivision or Planned Unit Development,requires the dedication,development and/or reservation of areas or sites other than Subdivision or Planned Unit Development streets and utility easements of a character, extent and location suitable for public use for parks, greenbelts or schools, said actions shall be secured in accordance with one of the following alternatives,or as specified in the Planned Unit Development(PUD)Plan,if any: 10.1 The required acreage as may be determined according to the Weld County Subdivision Regulations shall be dedicated to the County or the appropriate school district, for one of the above purposes. Any area so dedicated shall be maintained by the County or school district. 10.2 The required acreage as determined according to Chapter 24 of the Weld County Code, may be reserved through deed restrictions as open area, the maintenance of which shall be a specific obligation in the deed of each lot within the Subdivision or Planned Unit Development. 10.3 In lieu of land,the County may require a payment to the County in an amount equal to the market value at the time of Final Plat submission of the required acreage as determined according to Chapter 24 of the Weld County Code. Such value shall be determined by a competent land appraiser chosen jointly by the Board and the Applicant. The cash collected shall be deposited in an escrow account to be expended for parks at a later date. 11.0 Successors and Assigns: This Agreement shall be binding upon the heirs, executors, personal representatives,successors and assigns of the Applicant,and upon recording by the County, shall be deemed a covenant running with the land herein described, and shall be binding upon the successors in ownership of said land. 7 Revised 07/01/2002 M:\W PFILES\WENDI\APRIVATE IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed on the day and year first above written. APPLICANT: APPLICANT: TITLE: 20 Subscribed and sworn to before me this day of�— My Commission expires: Notary Public ATTEST: BOARD OF COUNTY COMMISSIONERS WELD COUNTY,COLORADO Weld County Clerk to the Board , Chair BY: Deputy Clerk to the Board APPROVED AS TO FORM: County Attorney Revised 07/01/2002 8 M:\WPFILES\WENDRAPRIVATE EXHIBIT"A" Name of Subdivision t� or Planned Unit Development: L o t a pecik P.S Tc=t 11 eS Filing: Location: Intending to be legally bound, the undersigned Applicant hereby agrees to provide throughout this Subdivision or Planned Unit Development the following improvements. (Leave spaces blank where they do not apply) 1 t c_ Improvements Quantity Units Unit Estimated Costs Construction Cost Site grading Street grading Street base Street paving Curbs,gutters,and culverts Sidewalk Storm sewer facilities Retention ponds Ditch Improvements Subsurface drainage Sanitary sewers Trunk and forced lines Mains Laterals(house connected) On-site sewage facilities On-site water supply and storage Water Mains(includes bore) Fire hydrants Survey and street monuments and boxes Street lighting Street Names Fencing requirements Landscaping Park improvements Road culvert Grass lined swale Telephone Gas Electric Water transfer SUB-TOTAL: 429, 7412 Engineering and Supervision Costs $ 3U, O 0 ( less v,ott ( t) '<w t9r 0114-s:1-e ) (Testing, inspection,as-built plans and work in addition to preliminary and final plat; supervision of actual construction by contractors) r TOTAL ESTIMATED COST OF IMPROVEMENTS AND SUPERVISION $ 4 , Z Revised 07/01/2002 9 M:\WPFILES\WENDAAPRIVATE The above improvements shall be constructed in accordance with all County requirements and specifications, and conformance with this provision shall be determined solely by Weld County,or its duly authorized agent. Said improvements shall be completed according to the construction schedule set out in Exhibit"B." By: Applicant Applicant Date: , 20 Title (If corporation, to be signed by President and attested to by Secretary, together with corporate seal.) Revised 07/01/2002 10 M:\WPFILES\WENDI\APRIVATE ESTIMATED IMPROVEMENTS COSTS PROJECT: LONGS PEAK ESTATES SUBJECT: COST ESTIMATE-PRIVATE(ON-SITE)IMPROVEMENTS ITEM NO. DESCRIPTION UNITS QUANTITY UNIT COST TOTAL COST • MISCELLANEOUS _ . 12 INCH STEEL.CASING FOR DRY UTILITIES . LF 80 $52.00 $4,160 UNCLASSIFIED EXCAVATION (COMPLETE IN PLACE) CY - 4031 $2.50 $10,078 EMBANKMENT MATERIAL(COMPLETE IN PLACE) CY 1557 $2.50 $3,893 REMOVAL OF 42"CMP LF 20 $100.00 $2,000 CLEARING AND GRUBBING SY 13426 $1.00 $13,426 SUBTOTAL $33,556 EROSION CONTROL SILT FENCE LF 2460 $2.75, $6,765 EROSION BALE SEDIMENT FILTERS EACH 8 $12.0O $96 SUBTOTAL $6,861 STORM SEWER&IRRIGATION DITCH 12 INCH RCP PIPE LF 164 $20.00 $3,280 15 INCH HDPE IRRIGATION LATERAL LF 270 $20.00 $5,400 18 INCH RCP PIPE,CLASS III PIPE LF 95 $34.00 $3,230 18 INCH HDPE PIPE(ADS N-12 OR EQUIVALENT) LF 71 $25.00 $1,775 _�_24 INCH HDPE LF 93 $30.00 $2,790 42 INCH RCP PIPE,CLASS III PIPE LF 90 $95.00 $8,550 12 INCH RCP FLARED END SECTION EACH 2 $400.00 $800 15 INCH HDPE FLARED END SECTION EACH 4 $400.00 $1,600 18 INCH HDPE FLARED END SECTION(ADS OR EQUIVALENT) EACH 4 $460.00 $1,840 18 INCH RCP FLARED END SECTION EACH 2 $505.00 $1,010 24 INCH HDPE FLARED END SECTION EACH 2 $500.00 $1,000 42 INCH RCP FLARED END SECTION EACH 2 $750.00 $1,500 2'CONCRETE TRICKLE PAN SY 38 $11.00 $413 RIPRAP CY 10 $67.00 $688 CDOT TYPE C MODIFIED EACH 2 $2,500.00 $5,000 SUBTOTAL $38,876 ROADWAY 6 INCH HOT BITUMINOUS PAVEMENT,GRADING S SY 5057 $15.00 $75,860 6 INCH AGGREGATE BASE COURSE,CLASS 6(4'SHOULDER) CY 189 $54.00 $10,206 (1) 9 INCH AGGREGATE BASE COURSE,CLASS 6(UNPAVED DAWN COURT) CY 352 $54.00 $19,034 CURB&GUTTER, CDOT TYPE 2 LF 220 $17.00 $3,740 SUBTOTAL $108,840 WATERLINE 2 INCH GATE VALVES EACH 3 $350.00 $1,050 6 INCH GATE VALVES EACH 3 $650.00 $1,950 6 INCH C-900 PLASTIC WATERLINE PIPE LF 37 $18.00 $666 8 INCH GATE VALVES EACH 9 $705.06 $6,345 _ 8 INCH C-900 PLASTIC WATERLINE PIPE LF 3134 $20.50 $64,247 FIRE HYDRANTS(LEFT HAND WATER DISTRICT APPROVED) EACH 3 $2,375.00 $7,125 1.5 INCH TYPE"K"COPPER WATERLINE PIPE(MAIN TO METER) LF 386 - $20.00 $7,720 1.5 INCH METER&VAULT(LEFT HAND WATER DISTRICT APPROVED) EACH 8 $2,695.06 $21,560 5/8 INCH METER&VAULT(LEFT HAND WATER DISTRICT APPROVED) EACH 2 $1,000.00 $2,000 8"TO 2"REDUCER EACH 1 $200.00 $200 2 INCH PIPE (AT DAWN EX-WATERLINE INTERSECTION) LF 10 $12.00 $120 16 INCH STEEL CASING PIPE &SKIDS LF 80 $62.00 $4,960 45°WATERLINE MAIN BEND EACH 2 $150.00 $300 22.5°WATERLINE MAIN BEND EACH 4 $150.00 $600 SUBTOTAL $118,843 ESTIMATED IMPROVEMENTS COSTS PROJECT: LONGS PEAK ESTATES SUBJECT: COST ESTIMATE-PRIVATE(ON-SITE)IMPROVEMENTS ITEM NO. DESCRIPTION UNITS QUANTITY UNIT COST TOTAL COST LANDSCAPING LANDSCAPING LUMP 1 $101,800 $101,800_ MONUMENT SIGN inc.above FLAGSTONE MARKERS ENGRAVED inc.above GAZEBO inc.above SUBTOTAL $101,800 UTILITIES TELEPHONE LUMP 1 $10,000.00 $10,000 GAS LUMP 1 $20,000.00 $20,000 ELECTRIC LUMP 1 $10,000.00 $10,005 WATER TRANSFER LUMP 1 N/A SUBTOTAL $40,000 TOTAL $448,776 (1) Off-site(Private)work effort STATEMENTS OF PROBABLE CONSTRUCTION COST AND DETAILED COST ESTIMATES PREPARED BY THE ENGINEER REPRESENT THE ENGINEER'S BEST JUDGMENT AS A DESIGN PROFESSIONAL FAMILIAR WITH THE CONSTRUCTION INDUSTRY. IT IS RECOGNIZED, HOWEVER,THAT THE ENGINEER HAS NO CONTROL OVER THE COST OF LABOR, MATERIALS,EQUIPMENT,THE CONTRACTOR'S METHODS OF DETERMINING BID PRICES,OR THE COMPETITIVE BIDDING OR MARKET CONDITIONS. ACCORDINGLY,THE ENGINEER CANNOT AND DOES NOT GUARANTEE THAT BIDS WILL NOT VARY FROM ANY STATEMENT OF PROBABLE CONSTRUCTION COST OR OTHER COST ESTIMATES PREPARED THE ENGINEER. EXHIBIT"B" Name of Subdivision or Planned Unit Development: L (?y\ C Y'e a\C I S 4-u4 e S Filing: Location: Intending to be legally bound, the undersigned Applicant hereby agrees to provide throughout this Subdivision or Planned Unit Development the following improvements. All improvements shall be completed within 3 years from the date of approval of the final plat. Construction of the improvements listed in Exhibit"A" shall be completed as follows: (Leave spaces blank where they do not apply.) Improvements Time for Completion Site grading 4- („- w o\+FU\ c 00.4 1'nkcbb\A . Street base s c k-,erl.l' rAcs Street paving �rr,Srnw` -ok-evAt ,.fs Curbs, gutters, and culverts Sidewalk Storm sewer facilities Retention ponds Ditch improvements Subsurface drainage Sanitary sewers Trunk and forced lines Mains Laterals (house connected) On-site sewage facilities On-site water supply and storage Water mains Fire hydrants Survey and street monuments and boxes Street lighting Street name signs Fencing requirements Landscaping Park improvements Road culvert Grass lined swale Telephone Gas Electric Water Transfer SUB-TOTAL: Revised 07/01/2002 I 1 M:\WPFILES\WENDRAPRIVATE • The County, at its option, and upon the request of the Applicant,may grant an extension of time for completion for any particular improvements shown above,upon a showing by the Applicant that the above schedule cannot be met. By: Applicant Applicant Date: ,20 Title (If corporation,to be signed by President and attested to by Secretary, together with corporate seal.) r Revised 07/01/2002 12 M:\WPFILES\WENDMPRIVATE IMPROVEMENTS AGREEMENT ACCORDING TO POLICY REGARDING COLLATERAL FOR IMPROVEMENTS (PUBLIC ROAD MAINTENANCE) THIS AGREEMENT,made and entered into this day of . 20 ,by and between the County of Weld, State of Colorado, acting through its Board of County Commissioners, hereinafter called "County,"and -Pro pp ck,„1}Y \,,,e , hereinafter ca icd "Applicant." WITNESSETH: WHEREAS, Applicant is the owner of, or has a controlling interest in the following described property in the County of Weld, Colorado: A tract of land located in the W 'V2 of the NE %4 and in the NE '/a of the NW Ya of Section 9, Township 1 North, Range 68 West of the 6th P.M., County of Weld, State of Colorado (see full legal description on Plat Map). WHEREAS, a final Subdivision/Planned Unit Development (PUD) Plat of said property, to be known as Lov, 3 Peovlc [sl-c&+cj has been submitted to the County for approval; and WHEREAS, relevant Sections of the Weld County Code provide that no Subdivision Final Plat, Planned Unit Development Final Plat, or Site Plan shall be approved by the County until the Applicant has submitted a Subdivision Improvements Agreement guaranteeing the construction of the public improvements shown on plans,plats and supporting documents of the Subdivision Final Plat, Planned Unit Development Final Plat, or Site Plan, which improvements, along with a time schedule for completion, are listed in Exhibits"A"and "B"of this Agreement. NOW, THEREFORE, IN CONSIDERATION OF the foregoing a'td of the acceptance and approval of said Final Plat, the parties hereto promise, covenant and agree as follows: 1.0 Engineering Services: Applicant shall furnish,at its own expense,all engineering services in connection with the design and construction of the Subdivision or Planned Unit Development improvements listed on Exhibit "A," which is attached hereto and incorporated herein by reference. 1.1 The required engineering services shall be performed by a Professional Engineer and Land Surveyor registered in the State of Colorado, and shall conform to the standards and criteria established by the County for public imp:)vements. 1.2 The required engineering services shall consist of, but not be limited to. surveys, designs,plans and profiles,estimates,construction supervision,and the submission of necessary documents to the County. 1.3 Applicant shall furnish drawings and cost estimates for roads within the Subdivision or Planned Unit Development to the County for approval prior to the letting of any construcdn contract. Before acceptance of the roads withi„ the Subdivision or Planned Unit Development by the County, Applicant shall furnish one set of Revised 07/01/2002 M:\WPFILES\WENDI\APUBLIC reproducible "as-built" drawings and a final statement of construction cost to the County. 2.0 Rights-of-way and Easements: Before commencing the construction of any improvements herein agreed upon,Applicant shall acquire,at its own expense,good and sufficient rights- of-way and easements on all lands and facilities traversed by the proposed improvements. All such rights-of-way and easements used for the construction of roads to be accepted by the County shall be conveyed to the County and the documents of conveyance shall be furnished to the County for recording. 3.0 Construction: Applicant shall furnish and install, at its own expense, the Subdivision or Planned Unit Development improvements listed on Exhibit"A,"which is attached hereto and incorporated herein by reference, according to the construction schedule set out in Exhibit"B"also attached hereto and incorporated herein by reference. 3.1 Said construction shall be in strict conformance to the plans and drawings approved by the County and the specifications adopted by the County for such public improvements. Whenever a Subdivision or Planned Unit Development is proposed within three miles of an incorporated community located in Weld County or located in any adjacent county, the Applicant shall be required to install improvements in accordance with the requirements and standards that vt.:.ld exist if the plat were developed within the corporate limits of that community. If the incorporated community has not adopted such requirements and standards at the time the Subdivision or Planned Unit Development is proposed, the requirements and standards of the County shall be adhered to. If both the incorporated community and the County have requirements and standards,those requirements and standards that are more restrictive shall apply. 3.2 Applicant shall employ,at its own expense,a qualified testing company previously approved by the County to perform all testing of materials or construction that is required by the County; and shall furnish copies of test results to the County. 3.3 At all times during said construction, the County shall have the right to test and inspect, or to require testing and inspection of material and work, at Applicant's expense. Any material or work not conforming to the approved plans and specifications shall be removed and replaced to the satisfaction of the County at Applicant's expense. 3.4 Applicant shall furnish proof that proper arrangements have been made for the installation of sanitary sewer or septic systems, water, gas, electric and telephone services. 3.5 Said Subdivision or Planned Unit Development improvements shall be completed, according to the terms of this Agreement, within the construction schedule appearing in Exhibit"B." The Board of County Commissioners,at its option,may grant an extension of the time of completion shown on Exhibit"B"upon application by the Applicant subject to the terms of Section 6 herein. 4.0 Release of Liability: Applicant shall indemnify and hold harmless the County from any and all liability loss and damage County may suffer as a result of all suits, actions or claims of Revised 07/01/2002 2 M:\WPFILES\WENDMPUBLIC every nature and description caused by, arising from, or on account of said design and construction of improvements, and pay any and all judgments rendered against the County on account of any such suit, action or claim, together with all reasonable expenses and attorney fees incurred by County in defending such suit, action or claim whether the liability, loss or damage is caused by, or arises out of the negligence of the County or its officers, agents, employees, or otherwise except for the liability, loss, or damage arising from the intentional torts or the gross negligence of the County or its employees while acting within the scope of their employment. All contractors and other employees engaged in construction of the improvements shall maintain adequate worker's compensation insurance and public liability insurance coverage,and shall operate in strict accordance with the laws and regulations of the State of Colorado governing occupational safety and health. 5.0 Off-Site Improvements Reimbursement Procedure: The subdivider,applicant,or owner may be reimbursed for off-site road improvements as provided in this section when it has been determined by the Board of County Commissioners that the road facilities providing access to the Subdivision or Planned Unit Development are not adequate in structural capacity, width, or functional classification to support the traffic requirements of the uses of the Subdivision or Planned Unit Development. 5.1 The subdivider, applicant, or owner shall enter into an off-site improvements agreement prior to recording the final plat when the subdivider,applicant,or owner expects to receive reimbursement for part of the cost of the off-site improvements. 5.2 The off-site improvements agreement shall contain the following: The legal description of the property to be served. The name of the owner(s) of the property to be served. A description of the off-site improvements to be completed by the subdivider, applicant, or owner. The total cost of the off-site improvements. The total vehicular trips to be generated at build-out by the Subdivision, Resubdivision,or Planned Unit Development,as specified by the ITE Trip Generation Manual, or by special study approved by the Board of County Commissioners. A time period for completion of the off-site improvements. The terms of reimbursement. The current address of the person to be reimbursed during the term of the agreement. Any off-site improvements agreement shall be made in conformance with the Weld County policy on collateral for improvements. 5.3 If the subdivider, applicant, or owner fails to comply with the improvements agreement,the opportunity to obtain reimbursement under this section is forfeited. 5.4 When it is determined by the Board of County Commissioners that vehicular traffic from a Subdivision, Resubdivision, or Planned Unit Development will use a road improvement constructed under an improvements agreement, the subsequent subdivider, applicant, or owner shall reimburse the original subdivider, applicant, ^ or owner, for a portion of the original construction cost. In no event shall the original subdivider, applicant,or owner collect an amount which exceeds the total 3 Revised 07/01/2002 M:\W PFILES\W ENDI\APUBLIC cost of improvements less the pro rata share of the total trip impacts generated by the original development. Evidence that the original subdivider,applicant,or owner has been reimbursed by the subsequent subdivider, applicant or owner shall be submitted to the Department of Planning Services prior to recording the Subdivision, Resubdivision, or Planned Unit Development Final Plat. 5.5 The amount of road improvement costs to be paid by the subsequent subdivider, applicant,or owner of a Subdivision,Resubdivision,or Planned Unit Development using the road improvements constructed under a prior improvement agreement will be based upon a pro rata share of the total trip impacts associated with the number and type of dwelling units and square footage and type of nonresidential developments intended to use the road improvement. The amount of road improvement costs shall also consider inflation as measured by the changes in the Colorado Construction Cost Index used by the Colorado Division of Highways. The cost of road improvements may be paid by cash contribution to the prior subdivider,applicant or owner,or by further road improvements which benefit the prior subdivider, applicant,or owner's property. This decision shall be at the sole discretion of the Board of County Commissioners based upon the need for further off-site road improvements. 5.6 The report entitled TRIP GENERATION(Third Edition 1982' of the institute of Transportation Engineers shall normally be used for calculating a reasonable pro rata share of the road improvement construction costs for all Subdivisions, Resubdivisions, or Planned Unit Developments. A special transportation study shall be used for land uses not listed in the ITE Trip Generation Manual. Any question about the number of trips a Subdivision, Resubdivision, or Planned Unit Development will generate shall be decided by the County Engineer. 5.7 The term for which the subdivider,applicant,or owner is entitled to reimbursement under the off-site improvements agreement,entered into between the subdivider and the County, is ten years from the date of execution of a contract for road improvements. 5.8 This provision is not intended to create any cause of action against Weld County or its officers or employees by any subdivider,applicant,or owner for reimbursement, and in no way is Weld County to be considered a guarantor of the monies to be reimbursed by the subsequent subdividers, applicants, or owners. 6.0 Acceptance of Streets for Maintenance by the County: Upon compliance with the following procedures by the Applicant,streets within a Subdivision or Planned Unit Development may be accepted by the County as a part of the County road system and will be maintained and repaired by the County. 6.1 If desired by the County,portions of street improvements may be placed in service when completed according to the schedule shown on Exhibit"B,"but such use and operation shall not constitute an acceptance of said portions. 6.2 County may,at its option, issue building permits for construction on lots for which street improvements detailed herein have been started but not completed as shown on Exhibit"B,"and may continue to issue building permits so long as the progress 4 Revised 07/01/2002 M AWPFILES\WENDMPUDLIC of work on the Subdivision or Planned Unit Development improvements in that phase of the development are satisfactory to the County; and all terms of this Agreement have been faithfully kept by Applicant. 6.3 Upon completion of the construction of streets within a Subdivision or Planned Unit Development and the filing of a Statement of Substantial Compliance, the applicant(s)may request in writing that the County Engineer inspect the streets and recommend that the Board of County Commissioners accept them for partial maintenance by the County. Partial maintenance consists of all maintenance except for actual repair of streets,curbs and gutters,and related street improvements. Not sooner than nine months after acceptance for partial maintenance of streets, the County Engineer shall, upon request by the applicant, inspect the subject streets, and notify the applicant(s)of any deficiencies. The County Engineer shall reinspect the streets after notification from the applicant(s) that any deficiencies have been corrected. If the County Engineer finds that the streets are constructed according to County standards, he shall recommend acceptance of the streets for full maintenance. Upon a receipt of a positive unqualified recommendation from the County Engineer for acceptance of streets within the development, the Board of County Commissioners shall accept said streets as public facilities and County property,and shall be responsible for the full maintenance of said streets including repair. 7.0 General Requirements for Collateral: 7.1 The value of all collateral submitted to Weld County must be equivalent to One- Hundred percent (100%) of the value of the improvements as shown in this Agreement. Prior to Final Plat approval, the applicant shall indicate which of the five types of collateral preferred to be utilized to secure the improvements subject to final approval by the Board of County Commissioners and the execution of this Agreement. Acceptable collateral shall be submitted and the plat recorded within six (6) months of the Final Plat approval. If acceptable collateral has not been submitted within six (6) months then the Final Plat approval and all preliminary approvals shall automatically expire. An applicant may request that the County extend the Final Plat approval provided the cost estimates are updated and the development plans are revised to comply with all current County standards,policies and regulations. The improvements shall be completed within one(1)year after the Final Plat approval(not one year after acceptable collateral is submitted) unless the applicant(s) requests that this Agreement be renewed at least thirty(30) days prior to its expiration and further provides that cost estimates for the remaining improvements are updated and collateral is provided in the amount of One- Hundred percent (100%) of the value of the improvements remaining to be completed. If improvements are not completed and the agreement not renewed within these time frames, the County,at its discretion,may make demand on all or a portion of the collateral and take steps to see that the improvements are made. 7.2 The applicant may choose to provide for a phased development by means of designating filings of a Planned Unit Development Final Plan or Subdivision Final Plan. The applicant would need only to provide collateral for the improvements in each filing as approved. The County will place restrictions on those portions of the property that are not covered by collateral which will prohibit the conveyance of the Revised 07/0I/2002 5 M:\WPFILES\W ENDIW PUBLIC • property or the issuance of building permits until collateral is provided or until improvements are in place and approved pursuant to the requirements for a Request for Release of Collateral. 7.3 The applicant intends to develop in accordance with Exhibits "A"and "B." The costs of the improvements described in Exhibit"A"will be adjusted higher or lower for the year and quarter in which the contemplated work is being performed based on"The State Highway Bid Price Index"contained in the"Quarterly Cost Report" of The Engineering News-Record as published by The McGraw-Hill Companies. The applicant has provided cost estimates for all phases of the development which will be adjusted in accordance with The State Highway Bid Price Index at the time of posting of collateral for each phase. 8.0 Improvements Guarantee: The five types of collateral listed below are acceptable to Weld County subject to final approval by the Board of County Commissioners. 8.1 An irrevocable Letter of Credit from a Federal or State licensed financial institution on a form approved by Weld County. The Letter of Credit shall state at least the following: 8.1.1 The Letter of Credit shall be in an amount equivalent to One-Hundred percent (100%) of the total value of the imp:'.vements as set forth in Section 6.0 and Exhibits "A"and "B." 8.1.2 The Letter of Credit shall provide for payment upon demand to Weld County if the developer has not performed the obligations specified in the Improvements Agreement and the issuer has been notified of such default. 8.1.3 The applicant may draw from the Letter of Credit in accordance with the provisions of this policy. 8.1.4 The issuer of the Letter of Credit shall guarantee that, at all times, the unreleased portion of the Letter of Credit shall be equal to a minimum of One-Hundred percent (100%) of the estimated costs of completing the uncompleted portions of the required improvements,based on inspections of the development by the issuer. In no case shall disbursement for a general improvement item exceed the cost estimate in the Improvements Agreement(i.e., streets, sewers, water mains aryl landscaping, etc.). The issuer of the Letter of Credit will sign the Improvements Agreement acknowledging the agreement and its cost estimates. 8.1.5 The Letter of Credit shall specify that fifteen percent (15%) of the total Letter of Credit amount cannot be drawn upon and will remain available to Weld County until released by Weld County. 8.1.6 The Letter of Credit shall specify that the date of proposed expiration of the Letter of Credit shall be either the date of release by Weld County of the final fifteen percent (15%), or one year from the date of Final Plat .� approval, whichever occurs first. Said letter shall stipulate that, in any event,the Letter of Credit shall remain in full force and effect until after the 6 Revised 07/01/2002 M:\WPF ILES\WEN DI\APUBLIC Board has received sixty (60) days written notice from the issuer of the Letter of Credit of the pending expiration. Said notice shall be sent by certified mail to the Clerk to the Board of County Commissioners. 8.2 Trust Deed upon all or some of the proposed development or other property acceptable to the Board of County Commissioners provided that the following are submitted: 8.2.1 In the event property within the proposed development is used as collateral, an appraisal is required of the property in the proposed development by a disinterested Member of the American Institute of Real Estate Appraisers (M.A.I.)indicating that the value of the property encumbered in its current degree of development is sufficient to cover One-Hundred percent(100%) of the cost of the improvements as set forth in the Improvements Agreement plus all costs of sale of the property. 8.2.2 In the event property other than the property to be developed has been accepted as collateral by Weld County,then an appraisal is required of the property by a Member of the Institute of Real Estate Appraisers (M.A.I.) indicating that the value of the property encumbered in its current state of development is sufficient to cover One-Hundred percent(100%)of the cost of the improvements as set forth in the Improvements Agreement plus all costs of sale of the property. 8.2.3 A title insurance policy insuring that the Trust Deed creates a valid '^ encumbrance which is senior to all other liens and encumbrances. 8.2.4 A building permit hold shall be placed on the encumbered property. 8.3 Escrow Agreement that provides at least the following: 8.3.1 The cash in escrow is at least equal to One-Hundred percent(100%)of the amount specified in the Improvements Agreement. 8.3.2 The escrow agent guarantees that the escrowed funds will be used for improvements as specified in the agreement and for no other purpose and will not release any portion of such funds without prior approval of the Weld County Board of Commissioners. 8.3.3 The escrow agent will be a Federal or state-licensed bank or financial institution. 8.3.4 If Weld County determines there is a default of the Improvements Agreement,the escrow agent,upon request by the County,shall release any remaining escrowed funds to the County. 8.4 A surety bond given by a corporate surety authorized to do business in the State of Colorado in an amount equivalent to One-Hundred percent(100%)of the value of the improvements as specified in the Improvements Agreement. Revised 07/01/2002 7 M:\W PFILES\W ENDM PUBLIC 8.5 A cash deposit made with the County equivalent to One-Hundred percent (100%) of the value of the improvements. 9.0 Request for Release of Collateral: Prior to release of collateral for the entire project or for a portion of the project by Weld County, the Applicant must present a Statement of Substantial Compliance from an Engineer registered in the State of Colorado that the project or a portion of the project has been completed in substantial compliance with approved plans and specifications documenting the following: 9.1 The Engineer or his representative has made regular on-site inspections during the course of construction and the construction plans utilized are the same as those approved by Weld County. 9.2 Test results must be submitted for all phases of this project as per Colorado Department of Transportation(CDOT)Schedule for minimum materials sampling, testing and inspections found in CDOT Materials Manual. 9.3 "As-built" plans shall be submitted at the time the letter requesting release of collateral is submitted. The Engineer shall certify that the project "as-built" is in substantial compliance with the plans and specifications as approved, or that any material deviations have received prior approval from the County Engineer. 9.4 The Statements of Substantial Compliance must be accompanied,if appropriate,by a letter of acceptance of maintenance and responsibility by the appropriate utility company, special district or town for any utilities. 9.5 A letter must be submitted from the appropriate Fire Authority indicating the fire hydrants are in place in accordance with the approved plans. The letter shall indicate if the fire hydrants are operational and state the results of fire flow tests. 9.6 The requirements in Sections 9.0 thru 9.5 shall be noted on the final construction plans. 9.7 Following the submittal of the Statement of Substantial Compliance and recommendation of acceptance of the streets for partial maintenance by the County, the applicant(s)may request release of the collateral for the project or portion of the project by the Board. This action will be taken at a regularly scheduled public meeting of the Board. 9.8 The request for release of collateral shall be accompanied by"Warranty Collateral" in the amount of fifteen percent(15%) of the value of the improvements as shown in this Agreement excluding improvements fully accepted for maintenance by the responsible governmental entity, special district or utility company. 9.9 The warranty collateral shall be released to the applicant upon final acceptance by the Board of County Commissioners for full maintenance under Section 5.3 herein. 10.0 Public Sites and Open Spaces: When the Board of County Commissioners, pursuant to a rezoning,Subdivision or Planned Unit Development,requires the dedication,development and/or reservation of areas or sites other than Subdivision or Planned Unit Development Revised 07/01/2002 8 M:\WPFILES\WENDI\APUBLIC streets and utility easements of a character, extent and location suitable for public use for parks, greenbelts or schools, said actions shall be secured in accordance with one of the following alternatives, or as specified in the Planned Unit Development plan, if any: 10.1 The required acreage, as may be determined by relevant Sections of the Weld County Code,shall be dedicated to the County or the appropriate school district,for one of the above purposes. Any area so dedicated shall be maintained by the County or school district. 10.2 The required acreage,as determined by relevant Sections of the Weld County Code may be reserved through deed restrictions as open area,the maintenance of which shall be a specific obligation in the deed of each lot within the Subdivision or Planned Unit Development. 10.3 In lieu of land,the County may require a payment to the County in an amount equal to the market value at the time of Final Plat submission of the required acreage as determined by relevant Sections of the Weld County Code. Such value shall be determined by a competent land appraiser chosen jointly by the Board and the Applicant. The cash collected shall be deposited in In escrow account to be expended for parks at a later date. 11.0 Successors and Assigns: This Agreement shall be binding upon the heirs, executors, personal representatives,successors and assigns of the Applicant,and upon recording by the County, shall be deemed a covenant running with the land herein described, and shall be binding upon the successors in ownership of said land. IN WITNESS WHEREOF,the parties hereto have caused this Agreement to be executed on the day and year first above written. APPLICANT: APPLICANT: 111LE: Subscribed and sworn to before me this day of , 20_ My Commission expires: Notary Public Revised 07/01/2002 9 M1WPFILES\WEND'WPUBLIC ATTEST: BOARD OF COUNTY COMMISSIONERS WELD COUNTY, COLORADO Weld County Clerk to the Board , Chair BY: Deputy Clerk to the Board APPROVED AS TO FORM: County Attorney r Revised 07/01/2002 10 M:\WPFILES\WENDI\APUBLIC EXHIBIT"A" �-. Name of Subdivision or Planned Unit Development: h o 1„ _c PeocV. E s -cs Filing: Location: Intending to be legally bound, the undersigned Applicant hereby agrees to provide throughout this Subdivision or Planned Unit Development the following improvements. (Leave spaces blank where they do not apply.) Sec }' ei,( cxk c- if-improvements Quantity Units Unit Estimated Costs Construction Cost Site grading Street grading Street base 3 53- C-)/ AS+!-vo a l9, °ail Street paving Curbs,gutters,and culverts Sidewalk Storm sewer facilities Retention ponds Ditch Improvements Subsurface drainage Sanitary sewers Trunk and forced lines Mains Laterals(house connected) On-site sewage facilities On-site water supply and storage Water Mains(includes bore) Fire hydrants Survey and street monuments and boxes Street lighting Street Names Fencing requirements Landscaping Park improvements Road culvert Grass lined swale Telephone Gas Electric Water transfer • SUB-TOTAL: rq, D3 q Engineering and Supervision Costs $ 5,,0 G (Testing, inspection, as-built plans and work in addition to preliminary and final plat; supervision of actual construction by contractors) TOTAL ESTIMATED COST OF IMPROVEMENTS AND SUPERVISION $ 1-14 J3 I/ Revised 07/01/2002 11 M:\WPFII,ES\WENDIWPUBLIC The above improvements shall be constructed in accordance with all County requirements and specifications, and conformance with this provision shall be determined solely by Weld County,or its duly authorized agent. Said improvements shall be completed according to the construction schedule set out in Exhibit"B." By: Applicant Applicant Date: ,20 . Title (If corporation, to be signed by President and attested to by Secretary,together with corporate seal.) r Revised 07/01/2002 12 M:\WPFILES\WENDT\APUBLIC ESTIMATED IMPROVEMENTS COSTS Pk.jJECT: LONGS PEAK ESTATES SUBJECT: COST ESTIMATE-PRIVATE(ON-SITE)IMPROVEMENTS ITEM NO. DESCRIPTION UNITS QUANTITY UNIT COST TOTAL COST MISCELLANEOUS 12 INCH STEEL CASING FOR DRY UTILITIES LF 80 $52.00 $4,160 _ UNCLASSIFIED EXCAVATION (COMPLETE IN PLACE) CY 4031 $2.50 $10,078 EMBANKMENT MATERIAL(COMPLETE IN PLACE) CY 1557 $2.50 $3,893- REMOVAL OF 42"CMP LF 20 $100.00 $2,000 CLEARING AND GRUBBING SY 13426 $1.00 $13,426 SUBTOTAL _ - $33,556 EROSION CONTROL SILT FENCE LF 2460 $2.75 $6,765 EROSION BALE SEDIMENT FILTERS EACH 8 $12.00 $96 SUBTOTAL $6,861 STORM SEWER&IRRIGATION DITCH 12 INCH RCP PIPE LF 164 $20.00 $3,280 15 INCH HDPE IRRIGATION LATERAL LF 270 $20.00 $5,400 18 INCH RCP PIPE, CLASS III PIPE LF 95 $34.00 $3,230 18 INCH HDPE PIPE(ADS N-12 OR EQUIVALENT) LF 71 $25.00 $1,775 24 INCH HDPE LF 93 $30.00 $2,790 ^- 42 INCH RCP PIPE,CLASS III PIPE LF 90 $95.00 $8,550 - '12 INCH RCP FLARED END SECTION EACH 2 $400.00 $800 - 15 INCH HDPE FLARED END SECTION EACH 4 $400.00 $1,600 18 INCH HDPE FLARED END SECTION (ADS OR EQUIVALENT) EACH 4 $460.00 $1,840 18 INCH RCP FLARED END SECTION EACH 2 $505.00 $1,010 24 INCH HDPE FLARED END SECTION EACH 2 $500.00 $1,000 42 INCH RCP FLARED END SECTION EACH 2 $750.00 $1,500 2'CONCRETE TRICKLE PAN SY 38 $11.00 $413 RIPRAP CY 10 $67.00 $688 CDOT TYPE C MODIFIED EACH 2 $2,500.00 $5,000 SUBTOTAL $38,876 ROADWAY 6 INCH HOT BITUMINOUS PAVEMENT,GRADING S SY 5057 $15.00 $75,860 6 INCH AGGREGATE BASE COURSE,CLASS 6(4'SHOULDER) CY 189 $54.00 $10,206 (1) 9 INCH AGGREGATE BASE COURSE, CLASS 6(UNPAVED DAWN COURT) CY 352 $54.00 $19,034 CURB&GUTTER,CDOT TYPE 2 LF 220 $17.00 $3,740 SUBTOTAL $108,840 WATERLINE 2 INCH GATE VALVES EACH 3 $350.00 $1,050 6 INCH GATE VALVES EACH 3 $650.00 $1,950 6 INCH C-900 PLASTIC WATERLINE PIPE LF 37 $18.00 $666 8 INCH GATE VALVES EACH 9 $705.00 $6,345 8 INCH C-900 PLASTIC WATERLINE PIPE LF 3134 $20.50 $64,247 FIRE HYDRANTS(LEFT HAND WATER DISTRICT APPROVED) EACH 3 $2,375.00 $7,125 1.5 INCH TYPE"K"COPPER WATERLINE PIPE(MAIN TO METER) LF 386 $20.00 $7,720 1.5 INCH METER&VAULT(LEFT HAND WATER DISTRICT APPROVED) EACH 8 $2,695.00 $21,560 5/8 INCH METER&VAULT(LEFT HAND WATER DISTRICT APPROVED) EACH 2 $1,000.00 $2,000 8"TO 2"REDUCER EACH 1 $200.00 $200 2 INCH PIPE(AT DAWN EX-WATERLINE INTERSECTION) LF 10 $12.00 $120 16 INCH STEEL CASING PIPE&SKIDS LF 80 $62.00 $4,960 45°WATERLINE MAIN BEND EACH 2 $150.00 $300 22.5°WATERLINE MAIN BEND EACH 4 $150.00 $600 SUBTOTAL $118,843 ESTIMATED IMPROVEMENTS COSTS Pa.�JECT: LONGS PEAK ESTATES SUBJECT: COST ESTIMATE-PRIVATE(ON-SITE)IMPROVEMENTS ITEM NO. DESCRIPTION UNITS QUANTITY UNIT COST TOTAL COST LANDSCAPING LANDSCAPING LUMP 1 $101,800 $101,800 MONUMENT SIGN inc.above FLAGSTONE MARKERS ENGRAVED inc.above GAZEBO inc.above SUBTOTAL $101,800 UTILITIES TELEPHONE LUMP 1 $10,000.00 $10,000 GAS LUMP 1 $20,000.00 $20,000 ELECTRIC LUMP 1 $10,000.00 $10,000 WATER TRANSFER LUMP 1 N/A SUBTOTAL $40,000 TOTAL $448,776 (1) Off-site(Private)work effort STATEMENTS OF PROBABLE CONSTRUCTION COST AND DETAILED COST ESTIMATES PREPARED BY THE ENGINEER REPRESENT THE ENGINEER'S BEST JUDGMENT AS A DESIGN PROFESSIONAL FAMILIAR WITH THE CONSTRUCTION INDUSTRY. IT IS RECOGNIZED,HOWEVER,THAT THE ENGINEER HAS NO CONTROL OVER THE COST OF LABOR, MATERIALS, EQUIPMENT,THE CONTRACTOR'S METHODS OF DETERMINING BID PRICES,OR THE COMPETITIVE BIDDING OR MARKET CONDITIONS. ACCORDINGLY,THE ENGINEER CANNOT AND DOES NOT GUARANTEE THAT BIDS WILL NOT VARY FROM ANY STATEMENT OF PROBABLE CONSTRUCTION COST OR OTHER COST ESTIMATES PREPARED THE ENGINEER. EXHIBIT"B" Name of Subdivision or Planned Unit Development: 1— 0 v c_s a IC £ S 4 c&tom.s Filing: Location: All improvements shall be completed within 3 years from the date of approval of the final plat. Construction of the improvements listed in Exhibit"A"shall be completed as follows: (Leave spaces blank where they do not apply.) Improvements Time for Completion Site grading /j- Co--u nt.i. C ;c., Street grading s ; h•ocluly i S «ssuw.rc{ Pc,1- Street base c-3rs'S .nu1 •-aZ\-c c-ej Street paving Curbs, gutters, and culverts Sidewalk Storm sewer facilities Retention ponds Ditch improvements Subsurface drainage Sanitary sewers Trunk and forced lines Mains Laterals (house connected) On-site sewage facilities On-site water supply and storage Water mains Fire hydrants Survey and street monuments and boxes Street lighting Street name signs Fencing requirements Landscaping Park improvements Road culvert Grass lined swale Telephone Gas Electric Water transfer SUB-TOTAL: Revised 07/01/2002 13 M:1WPF1LES',WENDPAPUBL1C The County, at its option, and upon the request of the Applicant, may grant an extension of time for completion for any particular improvements shown above,upon a showing by the Applicant that the above schedule cannot be met. By: Applicant Applicant Date: , 20 Title (If corporation,to be signed by President and attested to by Secretary, together with corporate seal.) Revised 07/01/2002 14 :N:\WPFILES\WENDIWPUBLIC IMPROVEMENTS AGREEMENT ACCORDING TO POLICY REGARDING COLLATERAL FOR IMPROVEMENTS (PUBLIC ROAD MAINTENANCE) THIS AGREEMENT,made and entered into this day of .20_,by and between the County of Weld, State of Colorado,;� acting through its Board of County Commissioners, hereinafter called "County," and P, r h \ ,cn t�, , hereinafter ca.ied "Applicant." WITNESSETH: • WHEREAS, Applicant is the owner of, or has a controlling interest in the following described property in the County of Weld, Colorado: A tract of land located in the W %2 of the NE '/ and in the NE '/a of the NW '/4 of Section 9, Township 1 North, Range 68 West of the 6th P.M., County of Weld, State of Colorado (see full legal description on Plat Map). WHEREAS, a final Subdivision/Planned Unit Development (PUD) Plat of said property, to be known as Lov,as Remy__ &sl +cS has been submitted to the County for approval; and WHEREAS, relevant Sections of the Weld County Code provide that no Subdivision Final Plat, Planned Unit Development Final Plat,or Site Plan shall be approved by the County until the Applicant has submitted a Subdivision Improvements Agreement guaranteeing the construction of the public improvements shown on plans,plats and supporting documents of the Subdivision Final Plat,Planned Unit Development Final Plat, or Site Plan, which improvements, along with a time schedule for completion, are listed in Exhibits "A"and "B" of this Agreement. NOW, THEREFORE, LN CONSIDERATION OF the foregoing a.id of the acceptance and approval of said Final Plat, the parties hereto promise, covenant and agree as follows: 1.0 Engineering Services: Applicant shall furnish,at its own expense,all engineering services in connection with the design and construction of the Subdivision or Planned Unit Development improvements listed on Exhibit "A," which is attached hereto and incorporated herein by reference. 1.1 The required engineering services shall be performed by a Professional Engineer and Land Surveyor registered in the State of Colorado, and shall conform to the standards and criteria established by the County for public improvements. 1.2 The required engineering services shall consist of, but not be limited to. surveys, designs,plans and profiles,estimates,construction supervision,and the submission of necessary documents to the County. 1.3 Applicant shall furnish drawings and cost estimates for roads within the Subdivision or Planned Unit Development to the County for approval prior to the letting of any construction contract. Before acceptance of the roads withi„ the Subdivision or Planned Unit Development by the County, Applicant shall furnish one set of Revised 07/01/2002 1 M:\WPFILES\WENDI\APUBLIC reproducible "as-built" drawings and a final statement of construction cost to the County. 2.0 Rights-of-way and Easements: Before commencing the construction of any improvements herein agreed upon,Applicant shall acquire,at its own expense,good and sufficient rights- of-way and easements on all lands and facilities traversed by the proposed improvements. All such rights-of-way and easements used for the construction of roads to be accepted by the County shall be conveyed to the County and the documents of conveyance shall be furnished to the County for recording. 3.0 Construction: Applicant shall furnish and install, at its own expense, the Subdivision or Planned Unit Development improvements listed on Exhibit "A,"which is attached hereto and incorporated herein by reference, according to the construction schedule set out in Exhibit"B"also attached hereto and incorporated herein by reference. 3.1 Said construction shall be in strict conformance to the plans and drawings approved by the County and the specifications adopted by the County for such public improvements. Whenever a Subdivision or Planned Unit Development is proposed within three miles of an incorporated community located in Weld County or located in any adjacent county,the Applicant shall be required to install improvements in accordance with the requirements and standards that wt,-.1d exist if the plat were developed within the corporate limits of that community. If the incorporated community has not adopted such requirements and standards at the time the Subdivision or Planned Unit Development is proposed, the requirements and standards of the County shall be adhered to. If both the incorporated community and the County have requirements and standards,those requirements and standards that are more restrictive shall apply. 3.2 Applicant shall employ,at its own expense,a qualified testing company previously approved by the County to perform all testing of materials or construction that is required by the County; and shall furnish copies of test results to the County. 3.3 At all times during said construction, the County shall have the right to test and inspect, or to require testing and inspection of material and work, at Applicant's expense. Any material or work not conforming to the approved plans and specifications shall be removed and replaced to the satisfaction of the County at Applicant's expense. 3.4 Applicant shall furnish proof that proper arrangements have been made for the installation of sanitary sewer or septic systems,water, gas, electric and telephone services. 3.5 Said Subdivision or Planned Unit Development improvements shall be completed, according to the terms of this Agreement, within the construction schedule appearing in Exhibit"B." The Board of County Commissioners,at its option,may grant an extension of the time of completion shown on Exhibit"B"upon application by the Applicant subject to the terms of Section 6 herein. 4.0 Release of Liability: Applicant shall indemnify and hold harmless the County from any and all liability loss and damage County may suffer as a result of all suits, actions or claims of Revised 07/01/2002 2 MAWPFILES\WENDMPUBLIC every nature and description caused by, arising from, or on account of said design and construction of improvements,and pay any and all judgments rendered against the County on account of any such suit, action or claim, together with all reasonable expenses and attorney fees incurred by County in defending such suit, action or claim whether the liability, loss or damage is caused by, or arises out of the negligence of the County or its officers, agents, employees, or otherwise except for the liability, loss, or damage arising from the intentional torts or the gross negligence of the County or its employees while acting within the scope of their employment. All contractors and other employees engaged in construction of the improvements shall maintain adequate worker's compensation insurance and public liability insurance coverage,and shall operate in strict accordance with the laws and regulations of the State of Colorado governing occupational safety and health. 5.0 Off-Site Improvements Reimbursement Procedure: The subdivider,applicant,or owner may be reimbursed for off-site road improvements as provided in this section when it has been determined by the Board of County Commissioners that the road facilities providing access to the Subdivision or Planned Unit Development are not adequate in structural capacity, width, or functional classification to support the traffic requirements of the uses of the Subdivision or Planned Unit Development. 5.1 The subdivider, applicant, or owner shall enter into an off-site improvements agreement prior to recording the final plat when the subdivider,applicant,or owner expects to receive reimbursement for part of the cost of the off-site improvements. 5.2 The off-site improvements agreement shall contain the following: The legal description of the property to be served. The name of the owner(s) of the property to be served. A description of the off-site improvements to be completed by the subdivider, applicant, or owner. The total cost of the off-site improvements. The total vehicular trips to be generated at build-out by the Subdivision, Resubdivision,or Planned Unit Development,as specified by the ITE Trip Generation Manual, or by special study approved by the Board of County Commissioners. A time period for completion of the off-site improvements. - The terms of reimbursement. - The current address of the person to be reimbursed during the term of the agreement. Any off-site improvements agreement shall be made in conformance with the Weld County policy on collateral for imprc""ements. 5.3 If the subdivider, applicant, or owner fails to comply with the improvements agreement,the opportunity to obtain reimbursement under this section is forfeited. 5.4 When it is determined by the Board of County Commissioners that vehicular traffic from a Subdivision, Resubdivision, or Planned Unit Development will use a road improvement constructed under an improvements agreement, the subsequent subdivider, applicant, or owner shall reimburse the original subdivider,applicant, or owner, for a portion of the original construction cost. In no event shall the original subdivider, applicant,or owner collect an amount which exceeds the total 3 Revised 07/01/2002 M:\WPFILES\WENDRAPUBL1C cost of improvements less the pro rata share of the total trip impacts generated by the original development. Evidence that the original subdivider,applicant,or owner has been reimbursed by the subsequent subdivider, applicant or owner shall be submitted to the Department of Planning Services prior to recording the Subdivision, Resubdivision, or Planned Unit Development Final Plat. 5.5 The amount of road improvement costs to be paid by the subsequent subdivider, applicant,or owner of a Subdivision,Resubdivision,or Planned Unit Development using the road improvements constructed under a prior improvement agreement will be based upon a pro rata share of the total trip impacts associated with the number and type of dwelling units and square footage and type of nonresidential developments intended to use the road improvement. The amount of road improvement costs shall also consider inflation as measured by the changes in the Colorado Construction Cost Index used by the Colorado Division of Highways. The cost of road improvements may be paid by cash contribution to the prior subdivider,applicant or owner,or by further road improvements which benefit the prior subdivider,applicant, or owner's property. This decision shall be at the sole discretion of the Board of County Commissioners based upon the need for further off-site road improvements. 5.6 The report entitled TRIP GENERATION(Third Edition 1982' of the institute of Transportation Engineers shall normally be used for calculating a reasonable pro rata share of the road improvement construction costs for all Subdivisions, Resubdivisions, or Planned Unit Developments. A special transportation study shall be used for land uses not listed in the ITE Trip Generation Manual. Any question about the number of trips a Subdivision, Resubdivision, or Planned Unit Development will generate shall be decided by the County Engineer. 5.7 The term for which the subdivider,applicant,or owner is entitled to reimbursement under the off-site improvements agreement,entered into between the subdivider and the County, is ten years from the date of execution of a contract for road improvements. 5.8 This provision is not intended to create any cause of action against Weld County or its officers or employees by any subdivider,applicant,or owner for reimbursement, and in no way is Weld County to be considered a guarantor of the monies to be reimbursed by the subsequent subdividers, applicants, or owners. 6.0 Acceptance of Streets for Maintenance by the County: Upon compliance with the following procedures by the Applicant,streets within a Subdivision or Planned Unit Development may be accepted by the County as a part of the County road system and will be maintained and repaired by the County. 6.1 If desired by the County,portions of street improvements may be placed in service when completed according to the schedule shown on Exhibit"B,"but such use and operation shall not constitute an acceptance of said portions. 6.2 County may,at its option, issue building permits for construction on lots for which street improvements detailed herein have been started but not completed as shown on Exhibit"B,"and may continue to issue building permits so long as the progress 4 Revised 07/01/2002 M:\W PFILES\W ENDMPUBLIC of work on the Subdivision or Planned Unit Development improvements in that phase of the development are satisfactory to the County; and all terms of this Agreement have been faithfully kept by Applicant. 6.3 Upon completion of the construction of streets within a Subdivision or Planned Unit Development and the filing of a Statement of Substantial Compliance, the applicant(s)may request in writing that the County Engineer inspect the streets and recommend that the Board of County Commissioners accept them for partial maintenance by the County. Partial maintenance consists of all maintenance except for actual repair of streets,curbs and gutters,and related street improvements. Not sooner than nine months after acceptance for partial maintenance of streets, the County Engineer shall, upon request by the applicant, inspect the subject streets, and notify the applicant(s)of any deficiencies. The County Engineer shall reinspect the streets after notification from the applicant(s) that any deficiencies have been corrected. If the County Engineer finds that the streets are constructed according to County standards, he shall recommend acceptance of the streets for full maintenance. Upon a receipt of a positive unqualified recommendation from the County Engineer for acceptance of streets within the development, the Board of County Commissioners shall accept said streets as public facilities and County property,and shall be responsible for the full maintenance of said streets including repair. 7.0 General Requirements for Collateral: 7.1 The value of all collateral submitted to Weld County must be equivalent to One- Hundred percent (100%) of the value of the improvements as shown in this Agreement. Prior to Final Plat approval, the applicant shall indicate which of the five types of collateral preferred to be utilized to secure the improvements subject to final approval by the Board of County Commissioners and the execution of this Agreement. Acceptable collateral shall be submitted and the plat recorded within six (6) months of the Final Plat approval. If acceptable collateral has not been submitted within six (6) months then the Final Plat approval and all preliminary approvals shall automatically expire. An applicant may request that the County extend the Final Plat approval provided the cost estimates are updated and the development plans are revised to comply with all current County standards,policies and regulations. The improvements shall be completed within one(1)year after the Final Plat approval(not one year after acceptable collateral is submitted) unless the applicant(s) requests that this Agreement be renewed at least thirty(30) days prior to its expiration and further provides that cost estimates for the remaining improvements are updated and collateral is provided in the amount of One- Hundred percent (100%) of the value of the improvements remaining to be completed. If improvements are not completed and the agreement not renewed within these time frames, the County,at its discretion,may make demand on all or a portion of the collateral and take steps to see that the improvements are made. 7.2 The applicant may choose to provide for a phased development by means of designating filings of a Planned Unit Development Final Plan or Subdivision Final Plan. The applicant would need only to provide collateral for the improvements in each filing as approved. The County will place restrictiois on those portions of the property that are not covered by collateral which will prohibit the conveyance of the 5 Revised 07/01/2002 :NAWPEILES\WENDIWPUBLIC property or the issuance of building permits until collateral is provided or until improvements are in place and approved pursuant to the requirements for a Request for Release of Collateral. 7.3 The applicant intends to develop in accordance with Exhibits "A"and "B." The costs of the improvements described in Exhibit"A"will be adjusted higher or lower for the year and quarter in which the contemplated work is being performed based on"The State Highway Bid Price Index"contained in the"Quarterly Cost Report" of The Engineering News-Record as published by The McGraw-Hill Companies. The applicant has provided cost estimates for all phases of the development which will be adjusted in accordance with The State Highway Bid Price Index at the time of posting of collateral for each phase. 8.0 Improvements Guarantee: The five types of collateral listed below are acceptable to Weld County subject to final approval by the Board of County Commissioners. 8.1 An irrevocable Letter of Credit from a Federal or State licensed financial institution on a form approved by Weld County. The Letter of Credit shall state at least the following: 8.1.1 The Letter of Credit shall be in an amount equivalent to One-Hundred percent (100%) of the total value of the imp;..vements as set forth in Section 6.0 and Exhibits "A"and"B." 8.1.2 The Letter of Credit shall provide for payment upon demand to Weld County if the developer has not performed the obligations specified in the Improvements Agreement and the issuer has been notified of such default. 8.1.3 The applicant may draw from the Letter of Credit in accordance with the provisions of this policy. 8.1.4 The issuer of the Letter of Credit shall guarantee that, at all times, the unreleased portion of the Letter of Credit shall be equal to a minimum of One-Hundred percent (100%) of the estimated costs of completing the uncompleted portions of the required improvements,based on inspections of the development by the issuer. In no case shall disbursement for a general improvement item exceed the cost estimate in the Improvements Agreement(i.e., streets, sewers, water mains a:-/-1 landscaping, etc.). The issuer of the Letter of Credit will sign the Improvements Agreement acknowledging the agreement and its cost estimates. 8.1.5 The Letter of Credit shall specify that fifteen percent (15%) of the total Letter of Credit amount cannot be drawn upon and will remain available to Weld County until released by Weld County. 8.1.6 The Letter of Credit shall specify that the date of proposed expiration of the Letter of Credit shall be either the date of release by Weld County of the final fifteen percent (15%), or one year from the date of Final Plat approval, whichever occurs first. Said letter shall stipulate that, in any event,the Letter of Credit shall remain in full force and effect until after the 6 Revised 07/0I/2002 M:\W PF I L ES\WEN DI\APU BLIC Board has received sixty (60) days written notice from the issuer of the Letter of Credit of the pending expiration. Said notice shall be sent by certified mail to the Clerk to the Board of County Commissioners. 8.2 Trust Deed upon all or some of the proposed development or other property acceptable to the Board of County Commissioners provided that the following are submitted: 8.2.1 In the event property within the proposed development is used as collateral, an appraisal is required of the property in the proposed development by a disinterested Member of the American Institute of Real Estate Appraisers (M.A.I.)indicating that the value of the property encumbered in its current degree of development is sufficient to cover One-Hundred percent(100%) of the cost of the improvements as set forth in the Improvements Agreement plus all costs of sale of the property. 8.2.2 In the event property other than the property to be developed has been accepted as collateral by Weld County,then an appraisal is required of the property by a Member of the Institute of Real Estate Appraisers (M.A.I.) indicating that the value of the property encumbered in its current state of development is sufficient to cover One-Hundred percent(100%)of the cost of the improvements as set forth in the Improvements Agreement plus all costs of sale of the property. 8.2.3 A title insurance policy insuring that the Trust Deed creates a valid encumbrance which is senior to all other liens and encumbrances. 8.2.4 A building permit hold shall be placed on the encumbered property. 8.3 Escrow Agreement that provides at least the following: 8.3.1 The cash in escrow is at least equal to One-Hundred percent(100%)of the amount specified in the Improvements Agreement. 8.3.2 The escrow agent guarantees that the escrowed funds will be used for improvements as specified in the agreement and for no other purpose and will not release any portion of such funds without prior approval of the Weld County Board of Commissioners. 8.3.3 The escrow agent will be a Federal or state-licensed bank of financial institution. 8.3.4 If Weld County determines there is a default of the Improvements Agreement,the escrow agent,upon request by the County,shall release any remaining escrowed funds to the County. 8.4 A surety bond given by a corporate surety authorized to do business in the State of Colorado in an amount equivalent to One-Hundred percent(100%)of the value of the improvements as specified in the Improvements Agreement. Revised 07/01/2002 7 M:\W PFILES\W ENDRAPUBLIC 8.5 A cash deposit made with the County equivalent to One-Hundred percent(100%) of the value of the improvements. • 9.0 Request for Release of Collateral: Prior to release of collateral for the entire project or for a portion of the project by Weld County, the Applicant must present a Statement of Substantial Compliance from an Engineer registered in the State of Colorado that the project or a portion of the project has been completed in substantial compliance with approved plans and specifications documenting the following: 9.1 The Engineer or his representative has made regular on-site inspections during the course of construction and the construction plans utilized are the same as those approved by Weld County. 9.2 Test results must be submitted for all phases of this project as per Colorado Department of Transportation(CDOT)Schedule for minimum materials sampling, testing and inspections found in CDOT Materials Manual. 9.3 "As-built" plans shall be submitted at the time the letter requesting release of collateral is submitted. The Engineer shall certify that the project "as-built" is in substantial compliance with the plans and specifications as approved, or that any material deviations have received prior approval from the County Fngineer. 9.4 The Statements of Substantial Compliance must be accompanied,if appropriate,by a letter of acceptance of maintenance and responsibility by the appropriate utility company, special district or town for any utilities. 9.5 A letter must be submitted from the appropriate Fire Authority indicating the fire hydrants are in place in accordance with the approved plans. The letter shall indicate if the fire hydrants are operational and state the results of fire flow tests. 9.6 The requirements in Sections 9.0 thru 9.5 shall be noted on the final construction plans. 9.7 Following the submittal of the Statement of Substantial Compliance and recommendation of acceptance of the streets for partial maintenance by the County, the applicant(s)may request release of the collateral for the project or portion of the project by the Board. This action will be taken at a regularly scheduled public meeting of the Board. 9.8 The request for release of collateral shall be accompanied by"Warranty Collateral" in the amount of fifteen percent(15%) of the value of the improvements as shown in this Agreement excluding improvements fully accepted for maintenance by the responsible governmental entity, special district or utility company. 9.9 The warranty collateral shall be released to the applicant upon final acceptance by the Board of County Commissioners for full maintenance under Section 5.3 herein. 10.0 Public Sites and Open Spaces: When the Board of County Commissioners, pursuant to a rezoning, Subdivision or Planned Unit Development,requires the dedication,development and/or reservation of areas or sites other than Subdivision or Planned Unit Development Revised 07/01/2002 8 M:\WPFILES\WENDIWPUBLIC streets and utility easements of a character, extent and location suitable for public use for parks, greenbelts or schools, said actions shall be secured in accordance with one of the following alternatives, or as specified in the Planned Unit Development plan, if any: 10.1 The required acreage, as may be determined by relevant Sections of the Weld County Code,shall be dedicated to the County or the appropriate school district,for one of the above purposes. Any area so dedicated shall be maintained by the County or school district. 10.2 The required acreage,as determined by relevant Sections of the Weld County Code may be reserved through deed restrictions as open area, the maintenance of which shall be a specific obligation in the deed of each lot within the Subdivision or Planned Unit Development. 10.3 In lieu of land,the County may require a payment to the County in an amount equal to the market value at the time of Final Plat submission of the required acreage as determined by relevant Sections of the Weld County Code. Such value shall be determined by a competent land appraiser chosen jointly by the Board and the Applicant. The cash collected shall be deposited in ,n escrow account to be expended for parks at a later date. 11.0 Successors and Assigns: This Agreement shall be binding upon the heirs, executors, personal representatives,successors and assigns of the Applicant,and upon recording by the County, shall be deemed a covenant running with the land herein described, and shall be binding upon the successors in ownership of said land. IN WITNESS WHEREOF,the parties hereto have caused this Agreement to be executed on the day and year first above written. APPLICANT: APPLICANT: I I ILE: Subscribed and sworn to before me this day of , 20 My Commission expires: Notary Public Revised 07/01/2002 9 M:\WPFILES\WENDIUPUDLIC ATTEST: BOARD OF COUNTY COMMISSIONERS WELD COUNTY, COLORADO Weld County Clerk to the Board , Chair BY: Deputy Clerk to the Board APPROVED AS TO FORM: County Attorney Revised 07/01/2002 10 M:\WPFILES\WENDI\APUBLIC EXHIBIT "A" �-. Name of Subdivision or Planned Unit Development: I o g_c 7 cAC. E s fc $ Filing: Location: Intending to be legally bound, the undersigned Applicant hereby agrees to provide throughout this Subdivision or Planned Unit Development the following improvements. (Leave spaces blank where they do not apply.) .Sec 4 cb foc cAUc Improvements Quantity Units Unit Estimated Costs Construction Cost Site grading Street grading Street base 3 S1 C..y Ati H-oo a t4, 03� Street paving Curbs, gutters,and culverts Sidewalk Storm sewer facilities Retention ponds Ditch Improvements Subsurface drainage Sanitary sewers Trunk and forced lines Mains Laterals(house connected) On-site sewage facilities On-site water supply and storage Water Mains(includes bore) Fire hydrants Survey and street monuments and boxes Street lighting Street Names Fencing requirements Landscaping Park improvements Road culvert Grass lined swale Telephone Gas Electric Water transfer SUB-TOTAL: I rq, O3 Engineering and Supervision Costs $ ocX- (Testing, inspection,as-built plans and work in addition to preliminary and final plat; supervision of actual construction by contractors) TOTAL ESTIMATED COST OF IMPROVEMENTS AND SUPERVISION $ )-N� O3/ Revised 07/0 I/2002 1 1 M:\WPFILES\WENDI\APUBLIC The above improvements shall be constructed in accordance with all County requirements and specifications, and conformance with this provision shall be determined solely by Weld County,or its duly authorized agent. Said improvements shall be completed according to the construction schedule set out in Exhibit"B." By: Applicant Applicant Date: , 20 Title (If corporation, to be signed by President and attested to by Secretary,together with corporate seal.) Revised 07/01/2002 12 M:\WPFILES\WENDM PUBLIC ESTIMATED IMPROVEMENTS COSTS PkvJECT: LONGS PEAK ESTATES SUBJECT: COST ESTIMATE-PRIVATE(ON-SITE)IMPROVEMENTS ITEM NO. DESCRIPTION UNITS QUANTITY UNIT COST TOTAL COST MISCELLANEOUS 12 INCH STEEL CASING FOR DRY UTILITIES LF 80 $52.00 $4,160 UNCLASSIFIED EXCAVATION (COMPLETE IN PLACE) CY 4031 $2.50 $10,078 EMBANKMENT MATERIAL(COMPLETE IN PLACE) CY 1557 $2.50 $3,893 REMOVAL OF 42"CMP LF 20 $100.00 $2,000 CLEARING AND GRUBBING SY 13426 $1.00 $13,426 SUBTOTAL $33,556 - EROSION CONTROL SILT FENCE LF 2460 $2.75 $6,765 EROSION BALE SEDIMENT FILTERS EACH 8 $12.00 $96 SUBTOTAL $6,861 STORM SEWER&IRRIGATION DITCH 12 INCH RCP PIPE LF 164 $20.00 $3,280 15 INCH HDPE IRRIGATION LATERAL LF 270 $20.00 $5,400 18 INCH RCP PIPE, CLASS III PIPE LF 95 $34.00 $3,230 18 INCH HDPE PIPE(ADS N-12 OR EQUIVALENT) LF 71 $25.00 $1,775 24 INCH HDPE LF 93 $30.00 $2,790 -^_42 INCH RCP PIPE, CLASS III PIPE LF 90 $95.00 $8,550 _12 INCH RCP FLARED END SECTION EACH 2 $400.00 $800 15 INCH HDPE FLARED END SECTION EACH 4 $400.00 $1,600 18 INCH HDPE FLARED END SECTION (ADS OR EQUIVALENT) EACH 4 $460.00 $1,840 18 INCH RCP FLARED END SECTION EACH 2 $505.00 $1,010 24 INCH HDPE FLARED END SECTION EACH 2 $500.00 $1,000 42 INCH RCP FLARED END SECTION EACH 2 $750.00 $1,500 2'CONCRETE TRICKLE PAN SY 38 $11.00 $413 RIPRAP CY 10 $67.00 $688 CDOT TYPE C MODIFIED EACH 2 $2,500.00 $5,000 SUBTOTAL $38,876 ROADWAY 6 INCH HOT BITUMINOUS PAVEMENT, GRADING S SY 5057 $15.00 $75,860 6 INCH AGGREGATE BASE COURSE,CLASS 6(4'SHOULDER) CY 189 $54.00 $10,206 (1) 9 INCH AGGREGATE BASE COURSE,CLASS 6(UNPAVED DAWN COURT) CY 352 $54.00 $19,034 CURB&GUTTER, CDOT TYPE 2 LF 220 $17.00 $3,740 SUBTOTAL $108,840 WATERLINE 2 INCH GATE VALVES EACH 3 $350.00 $1,050 6 INCH GATE VALVES EACH 3 $650.00 $1,950 6 INCH C-900 PLASTIC WATERLINE PIPE LF 37 $18.00 $666 8 INCH GATE VALVES EACH 9 $705.00 $6,345 8 INCH C-900 PLASTIC WATERLINE PIPE LF 3134 $20.50 $64,247 FIRE HYDRANTS(LEFT HAND WATER DISTRICT APPROVED) EACH 3 $2,375.00 $7,125 1.5 INCH TYPE"K"COPPER WATERLINE PIPE(MAIN TO METER) LF 386 $20.00 $7,720 1.5 INCH METER&VAULT(LEFT HAND WATER DISTRICT APPROVED) EACH 8 $2,695.00 $21,560 5/8 INCH METER&VAULT(LEFT HAND WATER DISTRICT APPROVED) EACH 2 $1,000.00 $2,000 8"TO 2"REDUCER EACH 1 $200.00 $200 _ 2 INCH PIPE(AT DAWN EX-WATERLINE INTERSECTION) LF 10 $12.00 $120 16 INCH STEEL CASING PIPE&SKIDS LF 80 $62.00 $4,960 450 WATERLINE MAIN BEND EACH 2 $150.00 $300 22.5°WATERLINE MAIN BEND EACH 4 $150.00 $600 SUBTOTAL $118,843 ESTIMATED IMPROVEMENTS COSTS P.-JECT: LONGS PEAK ESTATES SUBJECT: COST ESTIMATE-PRIVATE(ON-SITE)IMPROVEMENTS ITEM NO. DESCRIPTION UNITS QUANTITY UNIT COST TOTAL COST LANDSCAPING LANDSCAPING LUMP 1 $101,800 $101,800 MONUMENT SIGN inc.above FLAGSTONE MARKERS ENGRAVED inc.above GAZEBO inc.above SUBTOTAL $101,800 UTILITIES TELEPHONE LUMP 1 $10,000.00 $10,000 GAS LUMP 1 $20,000.00 $20,000 ELECTRIC LUMP 1 $10,000.00 $10,000 WATER TRANSFER LUMP 1 N/A SUBTOTAL $40,000 TOTAL $448,776 (1) Off-site(Private)work effort STATEMENTS OF PROBABLE CONSTRUCTION COST AND DETAILED COST ESTIMATES PREPARED BY THE ENGINEER REPRESENT THE ENGINEER'S BEST JUDGMENT AS A DESIGN PROFESSIONAL FAMILIAR WITH THE CONSTRUCTION INDUSTRY. IT IS RECOGNIZED, HOWEVER,THAT THE ENGINEER HAS NO CONTROL OVER THE COST OF LABOR, MATERIALS, EQUIPMENT,THE CONTRACTOR'S METHODS OF DETERMINING BID PRICES,OR THE COMPETITIVE BIDDING OR MARKET CONDITIONS. ACCORDINGLY,THE ENGINEER CANNOT AND DOES NOT GUARANTEE THAT BIDS WILL NOT VARY FROM ANY STATEMENT OF PROBABLE CONSTRUCTION COST OR OTHER COST ESTIMATES PREPARED THE ENGINEER. EXHIBIT"B" Name of Subdivision rr or Planned Unit Development: e ti5s �C a`C F 6-T cste S Filing: Location: All improvements shall be completed within 3 years from the date of approval of the final plat. Construction of the improvements listed in Exhibit "A"shall be completed as follows: (Leave spaces blank where they do not apply.) Improvements Time for Completion Site grading /j- (o^Wn.tl- Co s1rLA �rvc1 Street grading s ; h«Ati\c C s assuwir( * rrr Street base eras a.W\ ' k 1we' Street paving Curbs, gutters, and culverts Sidewalk Storm sewer facilities Retention ponds Ditch improvements Subsurface drainage Sanitary sewers Trunk and forced lines Mains Laterals (house connected) On-site sewage facilities On-site water supply and storage Water mains Fire hydrants Survey and street monuments and boxes Street lighting Street name signs Fencing requirements Landscaping Park improvements Road culvert Grass lined swale Telephone Gas Electric Water transfer SUB-TOTAL: Revised 07/01/2002 13 N:\WPFILES',W ENDIW PUBLIC The County, at its option, and upon the request of the Applicant, may grant an extension of time for completion for any particular improvements shown above,upon a showing by the Applicant that the above schedule cannot be met. By: Applicant Applicant Date: , 20 Title (If corporation, to be signed by President and attested to by Secretary, together with corporate seal.) Revised 07/01/2002 14 :N:\W PFILES\W ENUMPUBLIC Hello