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HomeMy WebLinkAbout20011754.tiff DEPARTMENT OF PLANNING SERVICES Weld County Administrative Offices, 1400 N. 17th Avenue, Greeley, CO 80631 Phone (970) 353-6100, Ext. 3540, Fax#(970) 352-6312 MINOR SUBDIVISION FINAL PLAT APPLICATION SITE SPECIFIC DEVELOPMENT PLAN ao Pn �~ 72 /200 j App. Ch'd By: SL Case Number. App. Fee: 100 Receipt Number (Z6 $ Z Record. Fee: (0 Receipt Number 66613 Planner Assigned to Case: TO BE COMPLETED BY APPLICANT. Please print or type, except for necessary signature. I (we), the undersigned, hereby request hearings before the Weld County Planning Commission and the Weld County Board of County Commissioners concerning the proposed Change of Zone for the following described unincorporated area of Weld County, Colorado: LEGAL DESCRIPTION: See Attached (If additional space is required, attach an additional sheet) NAMEOFPROPOSEDMINORSUBDIVISION Ivy Crest EXISTING ZONING Estate TOTAL AREA(ACRES) 15.618 NUMBER OF PROPOSED LOTS 5 LOT SIZE: AVERAGE 2.64 MINIMUM 2.5 OVERLAY DISTRICTS N.A. UTILITIES: Water. Name: Central Weld County Water District Sewer. Name: Individual Sewage Disposal Systems (I .S.D.S. ) Gas: Name: Xcel Energy Electric Name: United Power Phone: Name: Qwest Communications DISTRICTS: School Name: Weld County School District RE-1 Fire: Name: Platteville Fire Protection District PROPERTY OWNERS OF MINOR SUBDIVISION FINAL PLAT AREA: Name: Denver Canadian, Inc. Phone: (970) 330-3839 Address: 18905 41CR 394, LaSalle, CO 80645 Name: Phone: Address: APPLICANT OR AUTHORIZED AGENT(if different than above). Name: Phone: Address: I hereby depose and state under the penalties of perjury that all statements, proposals, and/or plans submitted with or contained within this application are true and correct to the best of my knowledge. cco0L Signature: Owner or Authorized Agent Revised: 1-22-96 Daniel L. Ochsner, President 24 2001-1754 PICKETT ENGINEERING, INC. February 15, 2001 Sherri Lockman Weld County Planning Services 1555 North 17th Avenue Greeley, Colorado 80631 RE: Minor Subdivision Final Plat Application Ivy Crest Minor Subdivision PEI No. 00-006 Dear Ms. Lockman: Enclosed with this cover letter are 25 packets (an original and 24 copies) of the required Minor Subdivision Final Plat Application. In addition, 25 copies of the Minor Subdivision Plat are included, as well as a check for the $1,100 application fee and two separate checks, one for $20 for legal notice to the Board, made payable to the Clerk to the Board, and a check for $10 for the Minor Subdivision Final Plat recording fee. A narrative to address the application requirements for the Minor Subdivision is also included. If you have any questions regarding this application or need additional information, please contact me. Otherwise, please let me know as soon as staff has completed its review and scheduled this for public hearing with the Weld County Planning Commission. Sincerely, PICKETT ENGINEERING, INC. is ickett, P.E. Pre ent ICAP/jz cc: Dan Ochsner, Denver Canadian, Inc. r EXHIBIT 808 8th Street — Greeley, CO 80631 Phone (970) 356-6362 — Fax (970) 356-6486 i- APPLICATION REQUIREMENTS FOR MINOR SUBDIVISION FINAL PLAT IVY CREST MINOR SUBDIVISION The following are responses to the application requirements, as stated in the Minor Subdivision Final Plat packet. The responses are in the same order as on the application requirements. 1. The Minor Subdivision Final Plat Application form has been completed and is included in the packet. 2. The current copy of the Title Commitment is included. 3. The proposed use in the subdivision is five estate lots. 4. The only concern that was brought up during the Change of Zone process, with the exception of the neighborhood comments, was related to a staff recommendation to provide a visual barrier between the headlights of cars on Weld County Road (WCR) 19 and cars on Larkspur Lane. This has been addressed in the final design package. A minimum 3-foot high continuous berm will be installed between Larkspur Lane and WCR 19, as measured from the high side of Larkspur Lane. The owner is proposing to put up a split rail type, white polyvinyl fence for decorative purposes. Also, he will install evergreen shrubs along the berm. This should provide a permanent solution to the conflicting headlamp condition. 5. The total number of lots proposed is five buildable lots. In addition, there is an Outlot A, which separates the internal road from the public road. 6. The minor subdivision circulation system for vehicular traffic is a 24-foot wide road with one access point to WCR 19. It is a cul-de-sac design for turn around at the end of the road. Vehicles and pedestrians will use this pathway inside the subdivision. A bus stop and mail stop have been added near the entrance to the subdivision. This was done by paving an approximately 16-foot wide by 60+-foot long area for buses and mail carriers to pull off of WCR 19. 7. Not applicable. 8. Not applicable. 9. Included in the packet are two pieces of correspondence from Central Weld County Water District. One is a commitment to service, which implies that water is available and that the utility will serve with public water. The second is a copy of a line extension agreement to be executed by Denver Canadian, Inc. This is the actual contract for line extension that is required for the water company to provide the service. 10. The proposed sanitary sewage disposal system will be individual sewage disposal systems and each shall comply with the I.S.D.S. requirements for the Weld County Health Department. n bite;e &co 11. Enclosed is a copy of"Will Serve" letters from the gas provider, Xcel Enbrgy, the electric company, United Power, and the telephone company, Qwest Communications. 12. The subdivision will have covenants, codes, and restrictions (CCRs) and the final draft will be available in early March 2001 for staff review. 13. Not applicable. 14. Not applicable. 15. Not applicable. 16. Included with this submittal package is a copy of the subdivision improvements agreement that has been executed by the applicant. 17. Not applicable. 18. This final plat will rely on the approved drainage report that was provided during the Sketch Plan and Change of Zone process. It was prepared by James A. Cherry, P.E., of Foundation Engineering, and was dated October 28, 1998. This report, in effect, states that there is no impact to the county road right-of-way. There are no drainage issues that impact WCR 19, or any publicly maintained rights-of-way and in fact the increased runoff due to construction of these estate lots is considered to be of very minor impact. The adjoining property, which is owned by Denver Canadian, will accept any increased runoff from this development. 19. Enclosed is a certified list of the names, addresses, and corresponding parcel ID numbers for the property owners within 500 feet of this minor subdivision. 20. A copy of the evidence of prior contact with all mineral, oil, and gas lessees associated with this site is attached. 21. A certified list of the names and addresses of the mineral owners and lessees having an interest in the subject property is attached. 22. As was indicated by a staff report during the Change of Zone process, this subdivision is in compliance with the Weld County Comprehensive Plan and the zone district in which the proposed use is located. Specifically, the Weld County Comprehensive Plan allows for non-urban scale developments in a rural area and this minor subdivision meets that intent. The zoning is currently estate lot and this proposal meets that district requirement. 23. As has been stated throughout this minor subdivision process, the productive agricultural lands are being preserved to the greatest extent possible. The majority of the land to be built on is nonprime agricultural land. 24. In addition to the statements made in No. 9, which indicate that Central Weld County Water District will provide adequate potable water, the owner/developer of the subdivision is providing an irrigation well as a source of fire protection. The Platteville Fire Protection District has indicated that this is an acceptable alternative to fire protection and they have requested a specific nozzle head be put on the well. This will be done as part of the construction activities and therefore will provide them with a minimum of 1000 gpm for fire protection needs. Enclosed is a letter from the Platteville Fire Protection District addressing this issue. 25. Not applicable. 26. Not applicable. 27. Larkspur Lane will be 24-foot wide improved road that will meet or exceed Weld County Criteria. The section will exceed the minimum 4" depth of gravel base. The road will experience approximately 50 trips per day based on five single-family residential units. This would be considered a very lightly traveled road and will certainly meet the criteria for that type of road. 28. WCR 19 has an adequate functional classification and structural capacity to meet the traffic requirements for the minor subdivision. 29. The road right-of-way within the minor subdivision for Larkspur Lane will be the sole responsibility of the landowners within the minor subdivision. They will be responsible for the construction, maintenance, snow removal, and other matters pertaining to that maintenance. This will be outlined in the Homeowner's Association documents to be provided in the near future. 30. This minor subdivision is not a part of, or contiguous with, a previously recorded subdivision or unincorporated town site. 31. There will be no on-street parking permitted within the minor subdivision. This will also be included in the Covenants, Codes, and Restrictions (CCRs) that are in their draft form now and a final draft form will be provided to Weld County Planning Services' staff within three weeks of submittal of this packet. 32. No additional accesses to the county, state, or federal highway will be created with this minor subdivision. It should be noted that an access to a barn facility, which is on Lot A of the Recorded Exemption, which runs through Lot 1 of this subdivision, has not been shown on the Change of Zone map at the request of Weld County Public Works/Weld County Planning Services. It should be noted that the owner is interested in moving that access north outside the boundary of this subdivision; therefore, no new accesses will be created, simply a relocation of an existing access. 33. As previously stated, and as shown on the plans and final plat, all ingress and egress to all lots within the minor subdivision will be to the internal road circulation system(i.e. Larkspur Lane). This will also be detailed in the CCRs. 34. Adequate facilities are provided for the handling of drainage and storm water management for the proposed subdivision. 35. The maximum number of lots in this subdivision will be five lots. 36. This minor subdivision will not cause an unreasonable burden on the ability of local governments or districts to provide fire or police protection or other services, as has been demonstrated through the Change of Zone process. The remainder of the submittal package includes a Minor Subdivision Final Plat Map. r Ruc 09 . 00 10: 59a Wes Scott 970\785 0139 p. 2 Platteville Gilcrest Fire Protection District PO. Box 407 Platteville CO 80651 Phone 970 785-2232 Fax 970 785-0139 07/28/2000 To Whom it may concern; This letter is in reference to the recent application and referral in regards to the Ivory Crest sub-division planned to be constructed north of highway 66 on county road 19. The fire department required a water supply to this development in accordance with NFPA standards. After meeting with Mr. Pickett and members of the Union Colony Fire Department the following resolution has been reached. Adequate water supply for this sub-division can be attained by the use of an existing well located on the south east end of the property. This well will need to maintained by the owner of the well and operable at all times of the year.The well will need to be fitted with a five inch adapter compliant with the fire department threads. The well will be tested annually by the fire department as part of the annual hydrant/water system maintenance plan. Problems with the well will be the responsibility of the owner to maintenance and repair. The fire department will have access to the well at any time.With all of the above conditions met, the fire department position on the proposed subdivision is as below Water supply to the subdivision can be achieved and appropriate fire protection to the sub-development will be provided by the Platteville/Gilcrest Fire Protection District. The fire department will be an active observer to the development to assure that the best means of protection have been made. We are looking forward to working through the final stages of this development and hope that constant communication can continue as applicable in regards to the fire departments involvement is such building. If there axe any questions, or the fire department can be of further service please feel free to contact me. Ruc 03. 00 10 : 59a Lies Scott 970 785 0139 p. 3 r Sincerely, b >4 Wes Scott Plattecile/Gilcrest Fire District Manager From Land Title Guarantee Company ^ Tue Feb 20 21:30:15 2001 Page 3 of 8 J-, Old Rersibllc National title Insurance Company AT,TA COMMITMENT Our Order No. t O21222.5 Schedule A Cust. Ref.: Property Address: VACANT LAND 1. Effective Date: February 13, 2001 at 5:00 P.M. 2. Policy to he Issued, and Proposed Insured: "ALTA"Owner's Policy 10-17-92 $0.00 Proposed Insured: PARTY OR PARTIES 1'OliE DETERMINED 3. The estate or interest in the land described or referred to in this Commitment and covered herein is: A Fee Simple 4. Title to the estate or interest covered herein is at the effective date hereof vested in: DENVER CANADIAN, INC., A COLORADO CORPORATION 5. 'Fite land referred to in this Commitment Is described as follows: LOT A, AMENDED RECORDED EXEMPTION NO. 1209.21-4-RE-2151, ACCORDING:TO THE. PLAT RECORDED JANUARY 11, 2001 UNDER RECEPTION NO. 2818728 BEING A PART OF THE.EAST HALF OF SECTION 21, TOWNSHIP 3 N'OR'M, EANCE 67 WEST O1�111E 6111 P. M., COUNTY OF WELD, STATE OF COLORADO From Land Title Guarantee Company ^ Tue Feb 20 21: 30:15 2001 Page 4 of 8 ALTA COMMIT NIENT Schedule A-1 (Requirements) Our Order No. FC212225 the following are the requirements to be complied with: Payment to or for the accotmt of the grantors or mortgagors of the full consideration for the estate or interest to be insured. Proper irnmnnent(s) creating the estate or interest to be insured must be executed and duly tiled for record, to-wit: 1. RELEASE OF DEED OF'I'RLS'I' DA'Z'ED MARC11 O3, 1999 FROM DENVER CANADIAN, INC. 'LO THE PUBLIC TRUSTEE OF WELD COUNTY FOR THE USE OF FARMERS BANK TO SECURE THE.SUM OF$217,304.32 RECORDED MARCH 15, 1999, UNDER RECEPTION NO. 2679855 (PARCEL l). From Land Title Guarantee Company Tue Feb 20 21;30;15 2001 Page 5 of 8 .J� ALTA C'OMMITMEN -L' Schedule A-2 (Exception.$) Our Order No. FC212225 the policy or policies to be issued will contain exceptions to the following unless the same are disposed of to the satisfaction of the Company: L Rights of claims of panties in possession not shown by the public records. 2. Easements, or claims of easements, not shown by the public records. 3. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, and airy facts which a correct survey and inspection of the premises would disclose and which are not shown by the public records. 4. Any lien, or right to a lien, for services, labor or material theretofore or hereafter furnished, imposed by law and not shown by the public records. 5. Defects, liens encumnbra yes, adverse claims or other matters, if any, created, first appearing in the public records or attaching suhvequent to the effective date hereof but prior to the date the proposed insured acquires of record for value the estate or interest or mortgage thereon covered by this Commitment. 6. Taxes and assessments not yet due or payable and special assessments not yet certified to the Treasurer's office. 7. Any unpaid taxes or assessments against said land. 8. Liens tor unpaid water and sewer charges, it any. 9. OIL AND GAS LEASE BETWEEN CURDS S'T'RONG AND ENERGY MINERALS CORPORATION RECORDED AUGUST 24, 1970 UNDER RECEPTION NO. 1553501 IN BOOK 632 AND ANY AND ALT. ASSIGNMENTS THEREOF, OR INTEREST THEREIN. 10. RIGHT OF WAY EASEMENT AS GRANTED TO PANHANDLE.EASTERN PIPE LINE COMPANY, A DELAWARE CORPORATION IN INSTRUMENT RECORDED OC tOBER 04, 1973, UNDER RECEPTION NO. 1622535 TN BOOK 701 11. RIGHT OF WAY EASEMENT AS GRANTED TO PANHANDLE EASTERN PIPE LINE COMPANY, A DELAWARE CORPORATION TN INSTRUMENT RECORDED AUGUST 11, 1980, UNDER RECEPTION NO. 1832632 IN BOOK 911 12. RESERVATION OF A LIFETIME EST'A'TE IN '1'11E EXISTING OIL AND GAS PRODUCTIONS AS SET FORTH TN DEEDS RECORDED OCTOBER 29, 1992 UNDER RECEPTION NO. 2308917 TN BOOK 1356 AND RECORDED APRIL 28, 1993 UNDER RECE..PTTON NO. 2330733 IN BOOK 1380. X13. TERMS, CONDITIONS AND PROVISIONS Oil EASEMENT DEED RECORDED MAY 09, 1996 UNDER RECEPTION NO. 2490218 TN BOOK 1546 From Land Title Guarantee Company �., Tue Feb 20 21: 30:15 2001 ,. Page 6 of 8 ALTA COMMITMENT Schedule B-2 (Exceptions) Our Order No. FC212225 The policy or policies to be issued will contain exceptions to the following unless the same are disposed or to the sutisraction or the Company: 14. ANY TAX, TARN, FEE., OR ASSESSMENT BY REASON OF INCLT:STON OF SUBJECT PROPERTY TN THE.LONGMONT SOIT.CONSERVATION DISTRICT, AS EVIDENCED BY INSTRUMENT RECORDED , , IN BOOK 1229 AT PACE 361. 15. ANY TAX, LIEN, FEE, OR ASSESSMENT BY REASON OF LNCLUSION OF SUB,IECI PROPERTY TN THE.NORTHERN COLORADO WATER CONSERVATORY DISTRICT .AS EVIDENCED BY INSTRUMENT RECORDED SF.PTF.M ER 20, 1937, TINDER RECEPTION NO. 774846. 16. RIGHT OF WAY GRANTED TO THE GREELEY &NORTHERN RAILWAY &UTII.TTY COMPANY AS DESCRIBED EN DEED RECORDED MARCH 14, 1906 IN BOOK 234 AT PACE 131. 17. RESERVATION OF ALL COAL AS CON'L'ALNED IN DEED FROM UNION PACIFIC RAILWAY CO. TO ANDREW.. FT.T.TOTT, RECORDED FEBRUARY 21, 1898 IN BOOK 157 AT PAGE 80. 18. RIGHT OF PROPRIETOR OF A VEIN OR LODE TO EXTRACT AND REMOVE HIS ORE THEREFROM SHOULD THE.SAME BE FOUND TO PENETRATE. OR INTERSECT THE.PREMISES AS RESERVED LN UNITED SPATES PATENT RECORDED JULY 19, 1909, IN BOOK 131 AT PAGE 272. 19. RESERVATION AS CONTAINED TN WARRANTY DEED FROM GLENN C. WILK'TN AND BETTY T_ WII.KTN RECORDED MARCH 22, 1954 AS FOLLOWS: AT.SO RESERVING ONE-HALF OF ALL OIL, GAS AND MINERAL RIGHTS WITHIN SAID PREMTSF_S FOR AND UNTIL JANUARY 1, 1974, AND SUBJECT TO PRESENT EXISTING LEASE FOR OIL, ONE- HALF OF ALL RENTAL AND ROYALTY PAYMENTS ARE LIKEWISE RESERVED TO THE GRANTORS. 20. EXISTING LEASES AND TENANCIES, IF ANY. 21. RESE.RVATTON OF ALL ROY.AT.TTRS FROM OFT, AND GAS PRODUCTION WITH RESPECT TO THE.EXISTING OIT. AND GAS WELL KNOWN AS THE.STRONG#1 WELT. .AS RESERVED BY BRADLEY B. DEROO AND CAROLYN C. DEROOIN WARRANTY DEED TO DENVER CANADIAN, INC. AS RECORDED SEPTEMBER 23, 1996 TINDER RECEPTION NO. 2512044 IN BOOK 1568, AND ANY AND .ALL INTERESTS THEREIN OR RIGHTS THEREUNDER. 22. ALL NOTES, EASEMENTS AND RIGHTS OF WAY AS SHOWN ON RECORDED EXEMPTION NO. From Land Title Guarantee Company ,..L„ Tue Feb 20 21:30:152001 Page 7 of 8 AL'1'A COM :MITMEN 'I Schedule R•2 (Exceptions) Our Order No. FC212225 'the policy or policies to be issued will contain exceptions to the following unless the saute are disposed of to the satisruction or the Company: 1209 21-4-RE-2151, AND AMENDED RECORDED EXEMPTION NO. 1209-21-4-RE-2151. 23. Ric11'1'OF WAY EASEMENT AS CHANTED TO DUKE DUKE ENERGY FIELD SERVICES, INC'. IN TNSTRUMF.NT RECORDED APRIL.20, 1999, UNDER RECEPTION NO. 2688098. 24. ALL NOTES, EASEMENTS, RIGHTS OF WAY, RESTRICTIONS AND CONDITIONS OF PLAT OF IVY CREST CHANGE OF ZONE PLAT RECORDED JANUARY 17, 2001 UNDER RECEPTION NO. 2819583. n From Land Title Guarantee Company ^ Tue Feb 20 21: 30:15 2001 Page 8 of 8 ..-�. LAND TITLE GUARANTEE COMPANI DTSCLOST;RE ST.ATE\TF.NT Required by C.R.S. 10-11.122 A) The subject real pmperty may he located in a special taxing district B) A Certificate of'faxes Due listing each taxing Jurisdiction may be obtained from the County Treasurer's authorized agent C) the information regarding special districts and the boundaries of such districts may he obtained fmm the Board of County Commissioners, the County Clerk and Recorder, or the County Assessor. Effective September 1, 1997, CRS 30-10406 requires that all documents received for recording or filing in the cleric and recorder's office shall contain a tap margin of al lead one inch and a left, right and bottom margin of at lease one half of an inch. the clerk and recorder may refuse to record or tile any document that does not conform, except that, the requirement for the top margin shall not apply to documents using fanny on which space is provided for recording or filing information at the top margin of the document. Note: Colorado Division of Insurance Regulations 3.5-1, Panq;naph C of Article VTI requires that"Every title entity shall he responsible for all matters which appear of record prior to the time of recording whenever the title entity conducts the closing and is responsible for recording or thing of legal documents resulting from the tnunsaction which was closed". Provided that T.and Title Guarantee Company conducts the closing of the insured trataction and is responsible for recording the legal documents from the transaction, exception number S will not appear on the Owner's'title Policy and the Tenders Policy when issued. Note: Affirmative mechanic's lien protection for the Owner may be avatlable(typlcaliy by deletion of Exception no. 4 of Schedule B, Section 2 of the Commitment from the Owner's Policy to be issued) upon compliance with the following conditions: A. The land described in Schedule A of this connit ent must be a single calmly residence which includes a condominium or townhouse unit R. No labor or materials have been furnished by mechanics or material-men for purposes of construction on the land described in Schedule A of this Contndtnent within the past 6 months. C. The Company must receive an appmpiale affidavit indemnifying the Company against un-filed mechanic's and material-men's liens. D. 11e Company must receive payment of the appropriate premium. F. Tf there has been construction, improvements or major repairs undertaken on the property to he purchased within six months prior to the Date of the Commitment, the requirements to obtain coverage for unrecorded liens will include: disclosure of certain construction intomatlon; financial information as to the seller, the builder and or the contractor; payment of the appmpriale premium fully executed indemnity Agreements satisfactory to the company, annd, any additional requirements as may be necessary after an examination of the aforesaid informal by the Company. No coverage will be given under any circumstances for labor or material for which the inured has contracted for or agreed to pay. Nothing herein contained will be deemed to obligate the company to provide any of the coverages referred to herein unless the above conditions are fully satisfied. ./J — C(Olo FOUNDATION Consulting ENGINEERING I Engineers, Inc. October 28, 1998 Commission No.: 1772-39-01-01 Kenney &Associates 343 East Fourth Street Loveland, Colorado 80537 Gentlemen: - Enclosed is the drainage report for the proposed Ochsner Minor Subdivision, Weld County, Colorado. Our calculations show that the imperviousness of the five (5) lot subdivision will not increase significantly from the existing conditions. We feel that no mitigation of runoff will be required as a result of this development. If you have any questions, please feel free to call. Respectfully, y A.c -Yl E Jason E. Baker, Civil Engineer �. „00.4 `/s ", evi;wed by, ..-,, C F` A a t_1 • es A. Cfierii,P.E. FOLTIDATI�- C31bEF ING; CONSULT1NG ENGINEERS, LTD. kinit 1q,'lliflil;0... . JEB/jle • 5110 Granite Street Suite D •Loveland, Colorado 80538 .(970) 663-0138 .Fax (970) 663-1660 500 Kimbark Street, Suite 101 -Longmont, Colorado 80501 •(303) 702-0661 •Fax (303) 774-8413 INTRODUCTION This Drainage Report is being prepared for the development of the proposed Ochsner Minor Subdivision to be constructed in Weld County, Colorado. The site is situate in the East Half of Section 21, Township 3 North, Range 67 West of the Sixth Prime Meridian, Larimer County. Colorado. More specifically, the site is along the west side of Weld County Road No. 19, approximately 1/8 mile north of Highway 66. This site is currently undeveloped. Refer to the vicinity map on the subdivision plat. HISTORIC FLOWS This site is bordered by Weld County Road No. 19 on the east side, by a concrete lined ditch and corn field on the west side, by a single family residence to the south, and gravel access road to the north. Historic flow on this site is generally from east to west where the runoff flows into the existing concrete lined ditch. The existing road at the northern portion of the site provides access to this site and several other properties. PROPOSED DRAINAGE IMPROVEMENTS No drainage improvements are planned for this site. Calculations are provided showing that the imperviousness of the site will be increased from 0.20 for the undeveloped site to 0.2305 for the developed site. This is calculated with approximately 3,300 square feet of rooftop for each lot (residences and outbuildings)and the two(2)gravel roadways on the west and north sides of the site. Refer to the subdivision plat for location of the roadways. The gravel roadways will not change the natural slopes and will allow drainage from east to west where runoff will flow into the existing concrete lined ditch. It is our opinion that the increase in runoff will not be significant as a result of this development and will require no mitigation. CONCLUSIONS 1. The site does not sit in a regulated flood plain and is not subject to severe flooding problems. 2. Runoff on this site will not be significantly increased as a result of this site being developed. HISTORIC INFILTRATION Total area of site = 12.7 acres Undeveloped runoff coefficient C =0.20 DEVELOPED INFILTRATION Area of residences and outbuildings = 0.379 acres (2.98% of site) Area of proposed road= 0.69 acres (5.43% of site) Gravel road runoff coefficient C =0.35 Developed Coefficient of Infiltration C = 0.2(0.9158) _ 0.95(0.0298) ± 0.35(0.0543) = 0.2305 2 EROSION CONTROL Silt fencing should be used to prevent erosion during construction. The fence should be placed along the west side of the new roadway. Native grasses should be re-seeded along the affected areas on each side of the roadway. Additional erosion control measures should be addressed for each residence to be constructed at that time. All erosion control measures should be constructed per the pre-approved standard Weld County details. 3 r DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR IVY CREST (A Common Interest Community) THIS DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR IVY CREST is made and entered into this day of March, 2001, by BODELS CORPORATION, A COLORADO CORPORATION. ("Declarant") . RECITALS A. The Declarant is the owner of certain real property located in the County of Weld, State of Colorado, which is more particularly described on Exhibit "A" attached hereto and incorporated herein by reference ("Declarant's Property") . B. The Declarant desires to create and the Existing Unit Owners desire to consent to the creation of a Common Interest Community on the Property, pursuant to the Colorado Common Interest Ownership Act, C.R.S. §38-33.3-101, et seq. , as it may be amended from time to time ("Act") . C. The name of the Common Interest Community to be created upon the Property shall be IVY CREST. D. The Common Interest Community shall be a Planned Community. E. Portions of the Common Interest Community shall be designated for separate ownership and the remainder will be owned by IVY CREST HOMEOWNERS' ASSOCIATION, a Colorado Nonprofit Corporation, established by the Declarant for the purpose of exercising the functions set forth herein. ARTICLE I. SUBMISSION OF PROPERTY The Declarant and the Existing Unit Owners hereby publish and declare that the Property shall be held, sold, conveyed, transferred, leased, subleased and occupied subject to the following easements, covenants, conditions, and restrictions which are for the purpose of protecting the value and desirability of the Property, and which shall run with the Property and shall be binding upon and inure to the benefit of all parties having any right, title, or interest in the Property, or any portion thereof, their heirs, personal representatives, successors, and assigns. Additionally, the Declarant hereby submit the Property to the provisions of the Act. To the extent this Declaration is silent on a matter covered by the Act, it is intended that the provisions of the Act apply. In the event the Act is repealed, the Act as it was in effect on the effective date of such repeal shall remain applicable. ARTICLE II. DEFINITIONS 2.1 When used in this Declaration, unless the context clearly indicates otherwise, capitalized terms not otherwise defined in the Act or in the Plat of the Property shall have the meanings provided in the following sections of this Article: 2.1.1 "Act" shall mean and refer to the Colorado Common Interest Ownership Act, C.R.S. §38-33.3-101, et seq. , as it may be amended from time to time. 2.1.2 "Allocated Interest" shall mean and refer to the Common Expense Liability and vote in the Association allocated to each Unit. 2.1.3 "Approval" or "Consent" shall mean securing the prior written approval or consent as required herein before doing, making, or suffering that for which such approval or consent is required. 2.1.4 "Assessments" shall mean and refer to all Common Expense Assessments, Special Assessments, Water Assessments, Individual Assessments and Fines levied by the Executive Board pursuant to this Declaration, the Bylaws or the Rules and Regulations. 2.1.5 "Association" shall mean and refer to Ivy Crest Homeowners' Association, a Colorado Nonprofit Corporation, its successors and assigns, organized and existing under §301 of the Act. 2.1.6 "Bylaws" shall mean and refer to any instruments, however denominated, which are adopted by the Association for the regulation and management of the Association, including amendments to those instruments. 2.1.7 "Common Elements" shall mean and refer to any real estate or real property interests, together with improvements thereon, within the Common Interest Community which are owned, leased or controlled by the Association for the common use, benefit and enjoyment of the Unit Owners, including all easements acquired by the Association, together with any and all water rights and water delivery rights owned or leased by the Association. 2.1.8 "Common Expense Assessments" shall mean and refer to all Assessments made for Common Expenses. r - 2 - 2.1.9 "Common Expenses" shall mean and refer to expenditures made or liabilities incurred by or on behalf of the Association, together with any allocations to reserves. These expenses for the operation of the Common Interest Community include, but are not limited to: (a) expenses of administering, maintaining, leasing, insuring or replacing the Common Elements; (b) expenses declared to be Common Expenses by the Declaration; (c) expenses agreed upon as Common Expenses by the Association; (d) such reasonable reserves as may be established by the Association, whether held in trust or by the Association, for repair, replacement or addition to the Common Elements or any other real or personal property acquired or held by the Association. 2.1.10 "Common Interest Community" shall mean and refer to the Property described on Exhibit "A" attached hereto and incorporated herein by reference. 2.1.11 "Declarant" shall mean and refer to BODELS !- CORPORATION, A COLORADO CORPORATION, or any other Person or group of Persons acting in concert who: (a) As a part of a common promotional plan, offer to dispose of to a Purchaser such Declarant's interest in a Unit not previously disposed of to a Purchaser; or (b) Reserve or succeed to any Special Declarant Right. 2.1.12 "Declaration" shall mean and refer to this Declaration, including any amendments hereto and also including, but not limited to, Plats of the Property recorded in the office of the Clerk and Recorder of Weld County, Colorado. 2.1.13 "Design Guidelines" shall mean and refer to the guidelines and rules published and amended and supplemented from time to tine by the Design Review Committee. 2.1.14 "Design Review Committee" shall mean and refer to the committee established to review and approve plans for the construction of improvements on Units as set forth in Article XI of this Declaration. - 3 - 2.1.15 "Director" shall mean and refer to a member of the Executive Board. 2.1.16 "Documents" shall mean and refer to this Declaration, the Plat as recorded and filed, the Bylaws, the Design Guidelines and the Rules and Regulations as they may be amended from time to time, together with any exhibit, schedule or certificate accompanying such Documents. 2.1.17 "Dwelling Unit" shall mean and refer to a residential dwelling constructed on a Unit designated and occupied as a residence for a Single Family. 2.1.18 "Executive Board" shall mean and refer to the Executive Board designated in the Declaration to act on behalf of the Association. 2.1.20 "Fines" shall mean and refer to any monetary penalty imposed by the Executive Board against a Unit Owner because of a violation of this Declaration, the Articles of Incorporation of the Association, its Bylaws or the Rules and Regulations by such Unit Owner, a member of the Unit Owner's family or tenant or guest of the Unit Owner or a member of a family of a tenant of a Unit Owner. 2.1.21 "Individual Assessments" shall mean and refer to any assessment made against the Unit of a Unit Owner pursuant to the provisions of this Declaration, the Bylaws or the Rules and Regulations, other than a Common Expense Assessment, Special Assessment or a Water Assessment. 2.1.24 "Lot" shall mean and refer to a physical portion of the Common Interest Community which is designated for separate ownership or occupancy and the boundaries of which are described in or determined from the Declaration and/or Plat, County of Weld, State of Colorado. The term "Lot" as used in this Declaration shall have the same meaning as the term "Unit" as used in the Act. 2.1.25 "Manager" shall mean and refer to a Person employed or engaged to perform management services for the Common Interest Community and the Association. 2.1.26 "Member" shall mean and refer to every person or entity who holds membership in the Association. 2.1.27 "Owner" shall mean and refer to the record owner, whether one (1) or more persons or entities, of a fee or undivided fee interest in any Unit, as defined herein, which is part of the Property, including contract purchasers, but excluding r - 4 - those having such interest merely as security for the performance of an obligation. 2.1.28 "Person" shall mean and refer to an individual, corporation, business trust, estate, limited liability company, limited partnership, general partnership, association, joint venture, government, government subdivision or agency, or other legal or commercial entity. 2.1.29 "Plat" shall mean and refer to the Plat of Ivy Crest, as it has been or will be recorded and may be amended from time to time, in the records of the office of the Clerk and Recorder of Weld County, Colorado. 2.1.30 "Property" shall mean and refer to all of the real property described on Exhibit "A" attached hereto and incorporated herein by reference. 2.1.31 "Purchaser" shall mean and refer to a Person, other than a Declarant or a Dealer, who, by means of a transfer, acquires a legal or equitable interest in a Unit, other than: (a) A leasehold interest in a Unit of less than forty (40) years, including renewal options, with the period of the leasehold interest, including renewal options, being measured from the date the initial term commences; or (b) A Security Interest. 2.1.32 "Rules and Regulations" shall mean and refer to any instruments, however denominated, which are adopted by the Association for the regulation and management of the Common Interest Community, including any amendment to those instruments. 2.1.33 "Security Interest" shall mean and refer to an interest in real estate or personal property, created by contract or conveyance, which secures payment or performance of an obligation. The term includes a lien created by a mortgage, deed of trust, trust deed, security deed, contract for deed, land sales contract, lease intended as security, assignment of lease or rents intended as security, pledge of an ownership interest in an association, and any other consensual lien or title retention contract intended as security for an obligation. "First Security Interest" shall mean and refer to a Security Interest in a Unit prior to all other Security Interests except the Security Interest for real property taxes and assessments made by Weld County, Colorado, or other governmental authority having jurisdiction over the Common Interest Community. - 5 - 2.1.34 "Single Family" shall mean and refer to a group of persons related by blood or marriage living together as a family unit, or any other group of persons living together as one (1) family for living and cooking purposes, provided that no unrelated group of more than three (3) people shall be deemed a Single Family. 2.1.35 "Special Assessment" shall mean and refer to the special assessment for capital improvements described in Section 7.4 of this Declaration. 2.1.36 "Special Declarant Rights" shall mean and refer to the rights reserved for the benefit of the Declarant to perform those acts specified in Article X hereinafter. 2.1.37 "Unit" shall mean and refer to a physical portion of the Common Interest Community designated for separate ownership or occupancy, the boundaries of which are described in the Declaration, including the Plat of the Property. 2.1.38 "Unit Owner" shall mean and refer to the Declarant, the Existing Unit Owners or other Person who owns a Unit but does not include a Person having an interest in a Unit solely as security for an obligation. The Declarant is the Owner of any Unit created in the Declaration until that Unit is conveyed to another Person. r 2.2 Other Terms Defined in Act. Unless the context clearly indicates otherwise, other terms defined in the Act shall have the meanings attributable to such terms in the Act. 2.3 Other Terms in Declaration. Other terms in this Declaration may be defined in specific provisions contained herein and shall have the meaning assigned by such definition. ARTICLE III. COMMON INTEREST COMMUNITY 3.1 Name. The name of the Common Interest Community is IVY CREST. 3.2 Association. The name of the Association is IVY CREST HOMEOWNERS' ASSOCIATION. 3.3 Planned Community. The Common Interest Community is a Planned Community. 3.4 County. The name of every county in which any part of the Common Interest Community is situate is Weld County, Colorado. - 6 - 3.5 Legal Description. The legal description of the Property included in the Common Interest Community is set forth on Exhibit "A" attached hereto and incorporated herein by reference. 3.6 Maximum Number of Units. The maximum number of Units that the Declarant reserves the right to create within the Common Interest Community is five (5) . 3.7 Boundaries of Units. The boundaries and identifying number of each Unit created by the Declaration are set forth on the Plat of the Property. 3.8 No Limited Common Elements. The Common Interest Community does not include any Limited Common Elements nor may any real estate be subsequently allocated as Limited Common Elements. 3.9 Recording Data. All easements and licenses to which the Common Interest Community is presently subject are listed on Exhibit "B" attached hereto and incorporated herein by reference. 3.10 Notices. Notice of matters affecting the Common Interest Community may be given to Unit Owners by the Association or by other Unit Owners in the following manner: Notice shall be hand delivered or sent by United States mail, postage prepaid, to the mailing address of each Unit or to any other mailing address designated in writing by the Unit Owner to the Association. Such �. notice shall be deemed given when hand delivered or when deposited in the United States mail, postage prepaid. ARTICLE IV. MEMBERSHIP, VOTING RIGHTS AND ALLOCATIONS 4.1 Membership. Every Unit Owner of a Unit which is subject to Common Expense Assessments shall be a Member of the Association. The foregoing is not intended to include Persons who hold an interest merely as security for the performance of an obligation. Membership shall be appurtenant to and may not be separated from ownership of any Unit which is subject to Common Expense Assessments by the Association. Ownership of such Unit shall be the sole qualification for membership. When more than one (1) Person holds a membership interest in any Unit, all such Persons shall be Members. The vote for such Unit 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. 4.2 Voting Rights and Assignment of Votes. The effective date for assigning votes to Units created pursuant to this Declaration shall be the date on which this Declaration is recorded in the records of the Clerk and Recorder of Weld County, Colorado. - 7 - 4.3 Allocated Interests. The Common Expense Liability and votes in the Association allocated to each Unit are set forth as follows: (a) The percentage of liability for Common Expenses shall be allocated on the basis of equal liability for each Unit; and (b) The number of votes in the Association shall be allocated on the basis of one (1) vote for each Unit. ARTICLE V. ASSOCIATION 5.1 Authority and Power. The business and affairs of the Common Interest Community shall be managed by the Association. The administration of the Common Interest Community shall be governed by this Declaration, the Act, the Articles of Incorporation, the Bylaws, the Design Guidelines and published Rules and Regulations of the Association. The Association shall have all of the powers, authority and duties permitted pursuant to the Documents and the Act which are necessary and proper to manage the business and affairs of the Common Interest Community. 5.2 Declarant Control. Subject to the limitations of §303 of the Act, the Declarant, or persons designated by it, may appoint and remove the officers of the Association and members of the Executive Board for a period of five (5) years after this Declaration is recorded in the office of the Clerk and Recorder of Weld County, Colorado. 5.3 Executive Board Powers and Duties. The Executive Board may act in all instances on behalf of the Association, except as provided in this Declaration or the Bylaws. The Executive Board shall have, subject to the limitations contained in this Declaration and the Act, the powers and duties necessary for the administration of the affairs of the Association and of the Common Interest Community, which shall include, but not be limited to, the following: (a) Adopt and amend Bylaws. (b) Adopt and amend Rules and Regulations regarding the use and enjoyment of the Common Elements, and the activities of occupants thereon. (c) Adopt and amend budgets for revenues, expenditures and reserves. (d) Collect Assessments from Unit Owners. (e) Hire and discharge Managers. - 8 - (f) Hire and discharge independent contractors, employees and agents, other than Managers. (g) Institute, defend or intervene in litigation or administrative proceedings or seek injunctive relief for violation of the Documents in the Association's name, on behalf of the Association, or two (2) or more Unit Owners on any matters affecting the Common Interest Community. (h) Make contracts and incur liabilities. (i) Regulate the use, maintenance, repair, replacement and modification of the Common Elements. (j) Cause additional improvements to be made as a part of the Common Elements. (k) Acquire, hold, encumber and convey in the Association's name, any right, title or interest to real estate or personal property, but the Common Elements may be conveyed or subjected to a Security Interest only pursuant to this Declaration and applicable law. (1) Grant easements for any period of time, including permanent easements, leases, licenses and concessions through or over the Common Elements. (m) Impose and receive a fee or charge for the use, rental or operation of the Common Elements and for services provided to Unit Owners. (n) Impose a reasonable charge for late payment of Assessments and levy a Fine for violation of this Declaration, the Bylaws and the Rules and Regulations of the Association. (o) Impose a reasonable charge for the preparation and recordation of supplements or amendments to this Declaration and for statements of unpaid Assessments. (p) Provide for the indemnification of the Association's officers and the Executive Board and maintain Directors' and officers' liability insurance. (q) Assign the Association's right to future income, including the right to receive Common Expense Assessments, only upon the affirmative vote of the Unit Owners of Units to which at least eighty percent (80%) of the votes in the Association are allocated, at a meeting called for that purpose. (r) Exercise any other powers conferred by the Documents. - 9 - irk es\ (s) Exercise any other power that may be exercised in the State of Colorado by a legal entity of the same type as the Association. (t) Exercise any other power necessary and proper for the governance and operation of the Association. (u) By resolution, establish permanent and standing committees of Directors to perform any of the above functions under specifically delegated administrative standards as designated in the resolution establishing the committee. All committees must maintain and publish notice of their actions to Unit Owners and the Executive Board. However, actions taken by a committee may be appealed to the Executive Board by any Unit Owner within forty-five (45) days of publication of a notice. If an appeal is made, the committee's action must be ratified, modified or rejected by the Executive Board at its next regular meeting. 5.4 Professional Management and Contract Termination Provisions. The Association may utilize professional management in performing its duties hereunder. Any agreement for professional management of the Association's business shall have a maximum term of three (3) years and shall provide for termination by either party thereto, with or without cause, and without payment of a termination fee, upon sixty (60) days' prior written notice. Any contracts, licenses or leases entered into by the Association while there is Declarant control of the Association shall provide for termination by either party thereto, with or without cause and without payment of a termination fee, at any time after termination of Declarant control of the Association, upon sixty (60) days' prior written notice; provided, however, that any contract entered into at any time by the Association providing for services of the Declarant shall provide for termination at any time by either party thereto without cause and without payment of a termination fee upon sixty (60) days' prior written notice. 5.5 Executive Board Limitations. The Executive Board may not act on behalf of the Association to amend this Declaration, to terminate the Common Interest Community, or to elect members of the Executive Board or determine their qualifications, powers and duties or the terms of office of Executive Board members, but the Executive Board may fill vacancies in its membership for the unexpired portion of any term. 5.6 Owner's Negligence and Individual Assessments. Notwithstanding anything to the contrary contained in this Declaration, or in the event that the need for maintenance or repair of the Common Elements or any improvements located thereon is caused by the willful or negligent act, omission or misconduct of any Unit Owner, or by the willful or negligent act, omission or misconduct of any member of such Unit Owner's family, or by a guest - 10 - or invitee of such Unit Owner, or any tenant or tenant's family, the costs of such repair and maintenance shall be the personal obligation of such Unit Owner, and any costs, expenses and fees incurred by the Association for such maintenance, repair or reconstruction shall constitute an "Individual Assessment" and shall be added to and become part of the Assessment to which such Owner's Unit is subject and shall be a lien against such Owner's Unit as provided in this Declaration. A determination of the willful or negligent act, omission or misconduct of any Unit Owner or any member of a Unit Owner's family, or a guest or invitee of any Unit Owner, or tenant or tenant's family, resulting in an Individual Assessment and the amount of the Individual Assessment shall be determined by the Association after notice to the Unit Owner and the right to be heard before the Executive Board in connection therewith, provided that any such determination for an Individual Assessment pursuant to the terms of this section may be appealed by said Unit Owner to a court of law. ARTICLE VI. COMMON ELEMENTS AND EASEMENTS 6.1 Dedication of Common Elements. The Declarant hereby dedicates the Common Elements to the common use and enjoyment of the Members, as hereinafter provided. 6.2 Description, Installation and Conveyance of Common Elements. Subject to all existing easements, reservations, restrictions, covenants, agreements and encumbrances of record and subject to the further limitations and restrictions set forth in this Article VI, the Common Elements within the Common Interest Community shall consist of the following real property, entrance signage, and easements: (a) Outlot A. The Common Elements shall include Outlot A consisting of approximately ( .279) acre, more or less. Outlot A shall be conveyed by the Declarant to the Association by bargain and sale deed within ten (10) days following the recordation of this Declaration. (d) Easements on Plat. The Common Elements shall include entrance signage and landscaping easements, utility easements. 6.3 Maintenance and Regulation of Common Elements. After the installation of all improvements, facilities and landscaping within the Common Elements by the Declarant as required by the County of Weld, Colorado,and pursuant to the terms of Section 6.2 above, such improvements, facilities and landscaping shall be maintained, repaired and replaced by the Association as necessary so that such Common Elements present an aesthetically attractive appearance to serve the purposes for which such improvements, facilities and landscaping were installed. The Association shall be responsible /a. - 11 - i^^ for the maintenance, repair, renovation, management and control of the Common Elements. Subject to any maintenance responsibilities of any public or quasi-public utilities, the Association may adopt such Rules and Regulations as shall be necessary for the proper maintenance, repair, renovation, management and control of the Common Elements. 6.4 Owners' Easements of Enjoyment. Each Unit Owner shall have a right and easement of enjoyment in and to the Common Elements and such easement shall be appurtenant to and shall pass with title to every Unit, subject to the following provisions: (a) The right of the Association to promulgate and publish reasonable Rules and Regulations as provided in this Declaration. (b) The right of the Association to suspend voting rights and the right to use the Common Elements by an Owner for any period during which any Assessment against his or her Unit remains unpaid; and for a period not to exceed sixty (60) days for any infraction of its published Rules and Regulations. (c) The right of the Association to dedicate or transfer any part of the Common Elements to any public agency, authority, utility or other entity for such purposes and subject to such conditions as may be agreed to by the Members, provided that no such dedication or transfer shall be effective unless the Owners entitled to cast at least eighty percent (80%) of the votes of the Association, including eighty percent (80%) of the votes allocated to Units not owned by the Declarant, agree to such dedication, transfer, purpose or condition, and unless written notice of the proposed agreement and action thereunder is sent to every Unit Owner at least thirty (30) days in advance of any action taken; and provided further that the granting of easements for public utilities or for other public purposes consistent with the intended use of the Common Elements shall not be deemed a transfer within the meaning of this clause. An agreement to dedicate, transfer or convey all or any part of the Common Elements must be evidenced by execution and recordation of an agreement or ratification thereof, in the same manner as a deed by the requisite number of Unit Owners. Such agreement must specify a date after which the agreement will be void unless recorded before that date. 6.5 Delegation of Use. A Unit Owner may delegate, in accordance with the Bylaws, his or her right of enjoyment to the Common Elements and facilities to the members of his or her family, tenants, or contract purchasers who reside on his or her Unit. - 12 - ARTICLE VII. COVENANT FOR MAINTENANCE ASSESSMENTS 7.1 Creation of Lien and Personal Obligation of Assessments and Special Assessments. The Existing Unit Owners and the Declarant, for each Unit owned within the Property, shall be deemed to covenant and agree, and each Owner of any Unit, by acceptance of a deed therefor, whether or not it shall be so expressed in any such deed or other conveyance, shall be deemed to covenant and agree to pay to the Association all Assessments and Fines, together with such interest thereon and costs of collection thereof as herein provided. Said Assessments, Fines, interest and costs of collection, including reasonable attorneys' fees, shall be a charge on the land and shall be a continuing lien upon the Unit against which each such Assessment or Fine is made. Such Assessments and Fines, including reasonable attorneys' fees, shall be the personal obligation of the Person who was the Owner of such Unit at the time when the Assessment or Fine fell due. The personal obligation for any delinquent Assessment or Fine shall not pass to his or her successors in title unless expressly assumed by them. No Unit Owner may become exempt from liability for payment of Assessments or Fines by waiver of the use or enjoyment of the Common Elements or by abandonment of the Unit against which Assessments are made. 7.2 Purpose of Assessments. The Assessments levied by the Association through its Executive Board shall be used exclusively for the purpose of promoting the health, safety and welfare of the residents in the Common Interest Community; for the maintenance, repair and upkeep of the Common Elements and for any other maintenance obligations or common services which may be deemed necessary by the Association for the common benefit of the Unit Owners, or the maintenance of property values, or for the payment of expenses which may be incurred by virtue of an agreement with or requirement of any town, county or other local government authority. The Assessments shall further be used to provide adequate insurance of various types, and in such amounts deemed necessary by the Executive Board, with respect to the Common Elements located within the Common Interest Community. Further, the Assessments shall provide a reserve fund for replacements on a periodic basis as the Executive Board determines necessary to adequately provide for such replacements as may be required by this Declaration. 7.3 Annual Common Expense Assessment. The total annual Common Expense Assessment against all Units shall be based upon the Association's advance budget of the cash requirements needed by it to provide for the administration and performance of its duties during such Common Expense Assessment year, which estimates may include, among other things: (a) Expenses of management; - 13 - (b) Premiums for all insurance which the Association is required or permitted to maintain; (c) Repairs and maintenance; (d) Wages for Association employees, if any; (e) Legal and accounting fees; (f) Any deficit remaining from a previous Assessment year; (g) The creation of reasonable contingency reserves, working capital and/or sinking funds; and (h) Any other costs, expenses and fees, which may be incurred or may reasonably be expected to be incurred by the Association for the benefit of the Unit Owners under or by reason of this Declaration. Such Common Expense Assessments shall be collected at such intervals as is determined by the Executive Board but not less frequently than on an annual basis. 7.4 Special Assessments. (a) In addition to the Common Expense Assessments authorized above, the Association may at any time, from time to time, determine, levy and assess a Special Assessment for the purpose of defraying in whole or in part, payments for any operating deficit and/or unbudgeted costs, fees and expenses of any construction, reconstruction, repair, demolition, replacement or maintenance of the Common Elements or for "Capital Improvements." Any such Special Assessment made by the Executive Board must be approved by not less than seventy-five percent (75%) of the Members who are voting in person or by proxy at a meeting duly called for that purpose. No Special Assessment for legal action pursued by the Association shall be required of the Declarant without written Approval by the Declarant. The amounts determined, levied and assessed pursuant hereto shall be assessed equally against each Unit. (b) "Capital Improvements," as used herein, shall mean the construction, erection or installation of substantial structure(s) or other substantial improvement(s) in the Common Interest Community, but shall not include the construction, reconstruction, erection, installation, maintenance, repair or replacement of the Common Elements presently located on the Property or which may hereafter be constructed, erected or installed on the Property by the Declarant in its development of the Common Interest Community. Notice in writing setting forth the - 14 - amount of such Special Assessment per Unit and the due date for payment thereof shall be given to the Unit Owners not less than thirty (30) days prior to such due date. (c) Notice and Quorum. Written notice of any meeting called for the purpose of taking any action authorized under this section shall be sent to all Members not less than five (5) nor more than thirty (30) days in advance of the meeting. At the first such meeting called, the presence of Members or of proxies, if permitted, entitled to cast sixty percent (60%) of all votes of the membership shall constitute a quorum. If the required quorum is not present, the meeting shall be continued to another date to be decided by the voting Members at the first meeting, and it will be called subject to the same notice requirements, and the required quorum at the subsequent meeting shall be twenty-five percent (25%) of all votes of the membership. No such subsequent meeting shall be held more than sixty (60) days following the preceding meeting. 7.5 Rate of Assessment. Both annual Common Expense Assessments and Special Assessments shall be fixed at a uniform rate for all Units. 7.7 Date of Commencement of Annual Common Expense Assessments, and Budget. Common Expense Assessments shall begin on the first day of the month in which conveyance of the first Unit to a Unit Owner other than the Declarant occurs, subsequent to the recording of this Declaration. The first Common Expense Assessment shall be prorated according to the number of days remaining in the Assessment period established by the Executive Board. The Executive Board shall fix the amount of the annual Common Expense Assessment against each Unit at least yearly. Written notice of the Common Expense Assessment shall be sent to every Unit Owner subject thereto. Common Expense Assessments shall be collected at such intervals and in such installments as the Executive Board shall determine. The due dates shall be established by the Executive Board. After the first budget year of the Association, within thirty (30) days after adoption of a proposed budget for the Common Interest Community, the Executive Board shall provide a summary of the budget to each Unit Owner and shall set a date for a meeting of the Unit Owners to consider ratification of the budget. The meeting shall be not less than fourteen (14) nor more than fifty-nine (59) days after the mailing of the summary. Unless at that meeting a majority of all Unit Owners reject the budget, the budget is ratified, whether or not a quorum is present. If the proposed budget is rejected, the periodic budget last ratified by the Unit Owners continues until the Unit Owners ratify a new budget proposed by the Executive Board. - 15 - 7.8 Association Lien and Effect of Non-Payment of Assessments. The Assessments, charges, fees, Fines, impositions, interest, costs, late charges, expenses and reasonable attorneys' fees which may arise under the provisions of this Declaration, shall be burdens running with, and perpetual liens in favor of the Association upon the specific Unit to which such Assessments apply. Recording of the Declaration constitutes record notice and perfection of the Association's lien. Further recording of a claim of lien for an Assessment under this section is not required. Any Assessment, charge or fee provided for in this Declaration, or any installment thereof, which is not fully paid within ten (10) days after the due date thereof shall bear interest at the rate of eighteen percent (18%) per annum from the due date, and the Association may assess a late charge thereon. In the event of default in which any Unit Owner does not make payment of any Assessment levied against his or her Unit within ten (10) days of the due date, the Executive Board shall have the right to declare all unpaid Assessments for the pertinent fiscal year immediately due and payable. Further, the Association may bring an action at law or in equity, or both, against any Unit Owner personally obligated to pay such overdue Assessments, charges or fees, or installments thereof, and may also proceed to foreclose its lien against such Owner's Unit. An action at law or in equity by the Association against a Unit Owner to recover a money judgment for unpaid Assessments, charges or fees, or installments thereof, may be commenced and pursued by the Association without foreclosing or in any way waiving, the Association's lien therefor. In the event that any such Assessment, charge or fee, or installment thereof, is not fully paid when due and the Association shall commence such action (or shall counterclaim or crossclaim for such relief in any action) against any Unit Owner personally obligated to pay the same, or shall proceed to foreclose its lien against the particular Unit, then all unpaid Assessments, charges and fees, and all unpaid installments thereof, and any and all late charges and accrued interest under this section, the Association's costs, expenses and reasonable attorneys' fees incurred in preparing and recording any lien notice, and the Association's costs of suit, expenses and reasonable attorneys' fees incurred for any such action and/or foreclosure proceedings shall be taxed by the court as a part of the cost of any such action or foreclosure proceeding and shall be recoverable by the Association from any Unit Owner personally obligated to pay the same and from the proceeds of the foreclosure sale of such Owner's Unit. Foreclosure or attempted foreclosure by the Association of its lien shall not be deemed to estop or otherwise preclude the Association from thereafter again foreclosing or attempting to foreclose its lien for any subsequent Assessment, charge or fee, or installment thereof, which is not fully paid when due. The Association shall have the power and right to bid on or purchase any Unit at foreclosure or other legal sale, and to acquire and hold, lease, mortgage, vote the Association votes appurtenant to ownership thereof, convey or - 16 - otherwise deal with the same. A lien for an unpaid Assessment is extinguished unless proceedings to enforce the lien are instituted within six (6) years after the full amount of Assessments becomes due, except that if an Owner of a Unit subject to a lien under this section filed a petition for relief under the United States Bankruptcy Code, the time period for instituting proceedings to enforce the Association's lien shall be tolled until ninety (90) days after the automatic stay of proceedings under §362 of the Bankruptcy Code is lifted. In any action by the Association to collect Assessments or to foreclose a lien for unpaid Assessments, the court may appoint a receiver for the Unit to collect all sums alleged to be due from the Unit Owner or a tenant of the Unit Owner prior to or during the pendency of the action. The court may order the receiver to pay any sums held by the receiver to the Association during the pendency of the action to the extent of the Association's Assessments, based on a periodic budget adopted by the Association. 7.9 Subordination of Lien to Security Interests. A lien under this section is prior to all other liens and encumbrances on a Unit except: (a) Liens and encumbrances recorded before the recordation of this Declaration; (b) A First Security Interest on the Unit recorded before the date on which the Assessment sought to be enforced became delinquent; and (c) Liens for real estate taxes and other governmental assessments or charges against the Unit. A lien under this section is also prior to all Security Interests to the extent that the Assessments are based on the periodic budget adopted by the Association and which would have become due, in the absence of acceleration, during the six (6) months immediately preceding institution of an action to enforce either the Association's lien or a Security Interest, and statutory liens recognized under Colorado law. If a holder of a First Security Interest in a Unit forecloses that Security Interest, the Purchaser at the foreclosure sale is not liable for any unpaid Assessments against the Unit which became due before the sale, other than the Assessments which are prior to the Security Interest under this section of the Declaration. Any unpaid Assessments not satisfied from the proceeds of sale become Common Expenses collectible from all Unit Owners, including the Purchaser. Sale or transfer of any Unit shall not affect the lien for said Assessment charges except that a sale or transfer of any Unit pursuant to foreclosure of any First Security Interest, or any proceeding in lieu thereof, including deed in lieu of foreclosure, or cancellation or forfeiture of any such executory land sales - 17 - contracts shall only extinguish the lien of Assessment charges which become due more than six (6) months immediately preceding institution of an action to enforce either the Association's lien or a Security Interest, and statutory liens recognized under Colorado law. No such sale, transfer, foreclosure or other proceeding in lieu thereof, including deed in lieu of foreclosure, shall relieve any Unit from liability for any Assessment charges thereafter becoming due, nor from the lien thereof. This section does not affect the priority of mechanics' or materialmen's liens. 7.10 Record of Receipts and Expenditures. The Association shall keep detailed and accurate records in chronological order of all of its receipts and expenditures, specifying and itemizing the maintenance and repair of expenses of the Common Elements and any other expenses incurred. Such records and the vouchers authorizing the payments shall be available on request for examination by the Unit Owners and others with an interest, such as prospective lenders. 7.11 Notice to Security Interest. Upon the request of a holder of a First Security Interest on a Unit, and upon payment of reasonable compensation therefor, the Association shall report to such party any unpaid Assessment or other defaults under the terms of this Declaration which are not cured by the Unit Owner within thirty (30) days. ea, 7.12 Certificate of Status of Assessments. The Association, upon written request to the Association's registered agent, personally delivered or delivered by certified mail, first class postage prepaid, return receipt requested, and upon payment of a reasonable fee, but in no event less than Ten Dollars ($10.00) , shall furnish to a Unit Owner or such Unit Owner's designee or to a holder of a Security Interest or its designee, a statement, in recordable form, setting out the amount of the unpaid Assessments against the Unit. The statement must be furnished within fourteen (14) business days after receipt of the request and is binding on the Association, the Executive Board and each Unit Owner. A properly executed certificate of the Association as to the status of Assessments on a Unit is binding upon the Association as of the date of its issuance. Omission or failure to fix an Assessment or deliver or mail a statement for any period shall not be deemed a waiver, modification or release of a Unit Owner from his or her obligation to pay the same. 7.13 Homestead. The lien of the Association Assessments shall be superior to any homestead exemption as is now or may hereafter be provided by Colorado or federal law. The acceptance of a deed to land subject to this Declaration shall constitute a waiver of the homestead exemption as against said lien. - 18 7.14 Exempt Property. The following property subject to the Declaration shall be exempted from the Assessments, charges and liens created herein: (a) All properties to the extent of any easement or other interest therein dedicated and accepted by a municipal or quasi-municipal corporation or other local public utility or authority and devoted to public use. (b) All Common Elements. 7.15 Common Expenses Attributable to Fewer than All Units. 7.15.1 An Assessment to pay a judgment against the Association may be made only against the Units in the Common Interest Community at the time the judgment was entered, in proportion to their Common Expense Liabilities. 7.15.2 If a Common Expense is caused by the misconduct of a Unit Owner, the Association may assess that expense exclusively against that Unit Owner's Unit. 7.15.3 Fees, charges, taxes, impositions, late charges, Fines, collection costs and interest charged against a Unit Owner pursuant to the Documents and the Act are enforceable as Common Expense Assessments. ARTICLE VIII. INSURANCE 8.1 Insurance Requirements Generally. To the extent reasonably available, the Association shall obtain and maintain insurance described in this Article. If such insurance is not reasonably available, and the Executive Board determines that any insurance described in this Article will not be provided by the Association, the Executive Board shall cause notice of that fact to be hand delivered or sent, postage prepaid, by United States mail to all Unit Owners at their respective last known addresses. All such insurance shall be underwritten, to the extent possible, with companies licensed to do business in Colorado having a Best's Insurance Report rating of A/VI or better covering the risks described below. To the extent possible, property and liability insurance shall incorporate the following: 8.1.1 Waiver. A waiver by the insurer of any right to subrogation under the policy against a Unit Owner, members of the household of a Unit Owner, and the Association, its Directors, officers, employees and agents. 8.1.2 Act or Omission. An act or omission by a Unit Owner will not void the policy or be a condition of recovery under the policy. - 19 - 8.1.3 Severability of Interest. A "severability of interest" clause shall be included providing that the insurance cannot be canceled, invalidated or suspended on account of the negligent or intentional acts of the Association, its Directors, officers, employees and agents. 8.1.4 Other Insurance. If there is other insurance in the name of a Unit Owner at the time of a loss which covers the same risk covered by the Association policy, the Association's policy shall provide primary insurance. 8.1.5 Adjusted Losses. All losses must be adjusted with the Association as agent of the Unit Owners. 8.1.6 Policies from Casualty Insurance. Proceeds from the casualty policy on account of loss shall be paid to an insurance trustee if one is designated in the policy for that purpose and otherwise to the Association, but, in any case, proceeds shall be held in trust for the Unit Owner and the holder of a Security Interest of such Unit Owner. 8.1.7 Cancellation. The insurer may not cancel or refuse to renew the policy until thirty (30) days after notice of the proposed cancellation or nonrenewal has been mailed to the Association. 8.1.8 Name of Insured. The policy shall be issued in the name of Ivy Crest Homeowners' Association for the use and benefit of the individual Owners. 8.1.9 Maximum Deductible. The maximum deductible for casualty insurance shall be the lesser of Five Thousand Dollars ($5,000.00) or one percent (1%) of the face amount of the policy. 8.2 Public Liability and Property Damage Insurance. The Association shall obtain and maintain comprehensive public liability insurance, including non-owned and hired automobile liability coverage and personal injury liability coverage, covering liabilities of the Association, its Directors, officers, employees, agents and Members arising in connection with the ownership, operation, maintenance, occupancy or use of the Common Elements and any other area the Association is required to maintain, repair or replace pursuant to this Declaration with a minimum single limit or per occurrence limit of One Million Dollars ($1,000,000.00) . 8.3 Workmen's Compensation and Employer's Liability Insurance. The Association shall obtain and maintain workmen's compensation and employer's liability insurance as may be necessary to comply with applicable laws. - 20 - 8.4 Fidelity Bonds. A blanket fidelity bond or dishonest insurance coverage is required for anyone who either handles or is responsible for funds held or administered by the Association, whether or not he or she receives compensation for his or her services. The bond or insurance shall name the Association as obligee and shall cover the maximum funds that will be in the custody of the Association or the Manager at any time while the bond or insurance is in force. In no event shall the bond or coverage be for an amount less than the sum of three (3) months' assessments plus reserve funds. 8.5 Directors' and Officers' Liability Insurance. The Executive Board shall obtain and maintain Directors' and officers' liability insurance, if available, covering all of the Directors and officers of the Association. This insurance will have limits determined by the Executive Board. 8.6 Other Insurance. The Association may carry other insurance which the Executive Board considers appropriate to protect the Association. ARTICLE IX. INDEMNIFICATION To the full extent permitted by law, each officer and member of the Executive Board of the Association shall be and are hereby indemnified by the Unit Owners and the Association against all expenses and liabilities, including attorneys' fees, reasonably incurred by or imposed upon them in any proceeding to which they may be a party, or in which they may become involved, by reason of their being or having been an officer or member of the Executive Board of the Association, or any settlement thereof, whether or not they are an officer or a member of the Executive Board of the Association at the time such expenses are incurred, except in such cases where such officer or member of the Executive Board is adjudged guilty of willful misfeasance or malfeasance in the performance of his or her duties; provided that in the event of a settlement, the indemnification shall apply only when the Executive Board approves such settlement and reimbursement as being in the best interests of the Association. ARTICLE X. SPECIAL DECLARANT RIGHTS AND ADDITIONAL RESERVED RIGHTS 10.1 Special Declarant Rights. The Declarant hereby expressly reserves the right, for a period of five (5) years following the recordation of this Declaration in the office of the Clerk and Recorder of Weld County, Colorado, to perform the acts and exercise the rights hereinafter specified ("Special Declarant Rights") . The Special Declarant Rights include the following: - 21 - (a) Control of Association and Executive Board. The right to remove any officer or member of the Executive Board. (b) Completion of Improvements. The right to complete improvements indicated on Plats filed with Weld County, Colorado, and as they may be amended from time to time. (c) Sales Management and Marketing. The right to maintain model homes, sales offices, construction offices, management offices, signs advertising the Units and Common Interest Community and models and to conduct sales activities therein. Such right shall include signage, both fixed and moveable, and flags and flagpoles. (d) Construction and Access Easements. The right to use easements through the Common Elements for the purpose of making improvements and to provide access. The right to construct and complete the construction of Units, utilities, Irrigation Improvements, entrance signage, landscaping, buildings, streets and roads and all other improvements on the Property, and to repair and maintain the Common Elements. (e) Master Association. The right to make the Common Interest Community subject to a Master Association. (f) Merger. The right to merge or consolidate the Common Interest Community with another developed property of the same form of ownership. 10.2 Additional Reserved Rights. In addition to the Special Declarant Rights set forth in Section 10.1 above, the Declarant also reserves the following additional rights ("Additional Reserved Rights") : (a) Dedications. The right to establish, from time to time, by dedication or otherwise, utility and other easements for purposes, including, but not limited to, streets, paths, walkways, and drainage areas, and to create other reservations, exceptions and exclusions for the benefit of and to serve the Unit Owners within the Common Interest Community. (b) Use Agreements. The right to enter into, establish, execute, amend and otherwise deal with contracts and agreements for the use, lease, repair, maintenance or regulation of recreational facilities, which may or may not be a part of the Common Interest Community for the benefit of the Unit Owners and/or the Association. - 22 - (c) Colorado Common Interest Ownership Act. The right to amend this Declaration to comply with the requirements of the Colorado Common Interest Ownership Act in the event any provision contained herein does not so comply with the Act. (d) Other Rights. The right to exercise any Additional Reserved Right created by any other provision of this Declaration. 10.3 Rights Transferable. Any Special Declarant Right or Additional Reserved Right created or reserved under this Article for the benefit of the Declarant may be transferred to any Person by an instrument describing the rights transferred and recorded in Weld County, Colorado. Such instrument shall be executed by the transferor Declarant and the transferee. ARTICLE XI. DESIGN REVIEW COMMITTEE Section 11.1 Committee and Guidelines. There is hereby established a Design Review Committee, which shall be responsible for the establishment and administration of Design Guidelines to facilitate the purposes and intent of this Declaration. The Design Review Committee may issue and enforce guidelines applicable to the Common Interest Community. Further, the Design Review Committee may amend, vary, repeal and augment the Design Guidelines from time to time, in the Design Review Committee's sole discretion based on concerns for good planning and design, the aesthetic, architectural and environmental harmony of the Common Interest Community or other factors as necessary or desirable to fulfill the intent of the Design Guidelines. The Design Guidelines shall be binding on all Owners and other persons governed by this Declaration. The Design Guidelines may include, among other things, those restrictions and limitations set forth below: 11.1.1 Standards establishing and dictating an architectural theme and requirements pertaining to building style and design, construction materials and site planning. 11.1.2 Procedures for making application to the Design Review Committee for design review approval, including the documents to be submitted and the time limits in which the Design Review Committee must act to approve or disapprove any submission. 11.1.3 Time limitations for the completion, within specified periods after approval, of the improvements for which approval is required under the Design Guidelines. 11.1.4 Designation of a building site on a Unit, establishing the maximum developable area of a Unit and set-back or view corridor requirements. - 23 - 11.1.5 Specifications for the location, dimensions and appearance or screening of any fences, accessory structures, antennae or other such improvements. 11.1.6 Landscaping regulations, including requirements for installing and maintaining landscaping on the entire Unit; time limitations within which all landscaping must be completed; limitations and restrictions prohibiting the removal or requiring the replacement of existing trees; guidelines encouraging the use of plants indigenous to the locale; and other practices benefitting the protection of the environment, aesthetics and architectural harmony of the Common Interest Community. 11.1.7 Regulations for parking vehicles off of the street, within an enclosed garage or a designated area on a Unit. 11.1.8 General instructions for the construction, reconstruction, refinishing or alteration of any improvement, including any plan to excavate, fill or make any other temporary or permanent change in the natural or existing surface contour or drainage or any installation of utility lines or conduits, addressing matters such as loading areas, waste storage, trash removal, equipment and materials storage, grading, transformers and meters. Section 11.2 Design Review Committee Membership and Organization. The Design Review Committee shall be composed of not less than three (3) nor more than five (5) persons. The Design Review Committee may include one (1) or more professional design consultants or individuals who are not Members of the Association. All members of the Design Review Committee shall be appointed, removed and replaced by Declarant, in its sole discretion, until Declarant waives this right by notice to the Association recorded in the office of the Clerk and Recorder of Weld County, Colorado. At that time the Executive Board shall succeed to Declarant's right to designate the number of and to appoint, remove or replace the members of the Design Review Committee. Section 11.3 Purpose and General Authority. The Design Review Committee shall review, study and either approve or reject proposed improvements within the Common Interest Community, all in compliance with this Declaration and as further set forth in the Design Guidelines and such rules and regulations as the Design Review Committee may establish from time to time to govern its proceedings. No improvement shall be erected, placed, reconstructed, replaced, repaired or otherwise altered, nor shall any construction, repair or reconstruction be commenced until plans - 24 - for the improvements shall have been approved by the Design Review Committee; provided, however, that improvements that are completely within a building may be undertaken without such approval. All improvements shall be constructed only in accordance with approved plans. 11.3.1 Design Review Committee Discretion. The Design Review Committee shall exercise its best judgment to see that all improvements conform and harmonize with any existing structures as to external design, quality and type of construction, seals, materials, color, location on the Unit, height, grade and finished ground elevation, and the schemes and aesthetic considerations set forth in the Design Guidelines and the other Documents. The Design Review Committee, in its sole discretion based on concerns for good planning and design, the aesthetic, architectural and environmental interests of the Common Interest Community, or other factors as necessary or desirable to fulfill the intent of the Design Guidelines, may excuse compliance with such requirements in specific situations and may permit compliance with different or alternative requirements. 11.3.2 Binding Effect. The actions of the Design Review Committee in the exercise of its discretion by its approval or disapproval of plans and other information submitted to it, or with respect to any other matter before it, shall be conclusive and binding on all interested parties. Section 11.4 Organization and Operation of Design Review Committee. 11.4.1 Term. The term of office of each member of the Design Review Committee, subject to Section 11.2, shall be one (1) year, commencing January 1 of each year, and continuing until his or her successor shall have been appointed. Should a Design Review Committee member die, retire or become incapacitated, or in the event of a temporary absence of a member, a successor may be appointed as provided in Section 11.2. 11.4.2 Chairman. So long as Declarant appoints the Design Review Committee, Declarant shall appoint the chairman. At such time as the Design Review Committee is appointed by the Executive Board, the chairman shall be elected annually from among the members of the Design Review Committee by a majority vote of the members. In the absence of a chairman, the party responsible for appointing or electing the chairman may appoint or elect a successor, or if the absence is temporary, an interim chairman. - 25 - 11.4.3 Operations. The Design Review Committee chairman shall take charge of and conduct all meetings and shall provide for reasonable notice to each member of the Design Review Committee prior to any meeting. The notice shall set forth the time and place of the meeting, and notice may be waived by any member. 11.4.4 Voting. The affirmative vote of three (3) or more members of the Design Review Committee shall govern its actions and be the act of the Design Review Committee. 11.4.5 Expert Consultation. The Design Review Committee may avail itself of other technical and professional advice and consultants as it deems appropriate, and the Design Review Committee may delegate its plan review responsibilities, except final review and approval, to one (1) or more of its members or to consultants retained by the Design Review Committee. Upon that delegation, the approval or disapproval of plans and specifications by such member or consultant shall be equivalent to approval or disapproval by the entire Design Review Committee. Section 11.5 Expenses. Except as provided in this Section below, all expenses of the Design Review Committee shall be paid by the Association and shall constitute a Common Expense. The Design Review Committee shall have the right to charge a fee for each application submitted to it for review, in an amount which may be established by the Design Review Committee from time to time, and such fees shall be collected by the Design Review Committee and remitted to the Association to help defray the expenses of the Design Review Committee's operation. Section 11.6 Other Requirements. Compliance with the design review process is not a substitute for compliance with the County of Weld, building, zoning and subdivision regulations, and each Owner is responsible for obtaining all approvals, licenses, and permits as may be required prior to commencing construction of improvements. Further, the establishment of the Design Review Committee and procedures for architectural review shall not be construed as changing any rights or restrictions upon Owners to maintain and repair their Units and improvements as otherwise required under the Documents. Section 11.7 Limitation of Liability. The Design Review Committee shall use reasonable judgment in accepting or disapproving all plans and specifications submitted to it. Neither the Design Review Committee nor any individual Design Review Committee member shall be liable to any person for any official act of the Design Review Committee in connection with submitted plans and specifications, except to the extent the Design Review r - 26 - rTh Committee or any individual Design Review Committee member acted with malice or wrongful intent. Approval by the Design Review Committee does not necessarily assure approval by the appropriate governmental board or commission for the County of Weld. Notwithstanding that the Design Review Committee has approved plans and specifications, neither the Design Review Committee nor any of its members shall be responsible or liable to any Owner, developer or contractor with respect to any loss, liability, claim or expense which may arise by reason of such approval of the construction of the improvements. Neither the Board, the Design Review Committee, nor any agent thereof, nor Declarant, nor any of its directors, shareholders, employees, agents or consultants shall be responsible in any way for any defects in any plans or specifications submitted, revised or approved in accordance with the provisions of the Documents, nor for any structural or other defects in any work done according to such plans and specifications. In all events the Design Review Committee shall be defended and indemnified by the Association in any such suit or proceeding which may arise by reason of the Design Review Committee's decision. The Association, however, shall not be obligated to indemnify each member of the Design Review Committee to the extent any such member of the Design Review Committee is adjudged to be liable for negligence or misconduct in the performance of his or her duty as a member of the Design Review Committee, unless and then only to the extent that the court in which such action or suit may be brought determines upon application that, despite the adjudication of liability but in view of all circumstances of the case, such person is fairly and reasonably entitled to indemnification for such expense as such court shall deem proper. Section 11.8 Enforcement. 11.8.1 Inspection. Any member or authorized consultant of the Design Review Committee, or any authorized officer, director, employee or agent of the Association may enter upon any Unit at any reasonable time after notice to the Owner, without being deemed guilty of trespass, in order to inspect improvements constructed or under construction on the Unit to determine whether the improvements have been or are being built in compliance with the Documents and the plans and specifications approved by the Design Review Committee. 11.8.2 Completion of Construction. Before any improvements on a Unit may be occupied, the Owner of the Unit shall be required to obtain a temporary certificate of compliance issued by the Design Review Committee indicating substantial completion of the improvements in accordance with the plans and specifications approved by the Design Review Committee, and imposing such conditions for issuance of a final certificate of compliance as the Design Review Committee may determine appropriate in its reasonable discretion. Without limiting the generality of the preceding - 27 - sentence, the Design Review Committee may require, as a condition to the issuance of the temporary certificate of compliance, that the Owner deposit with the Design Review Committee such sums as may be necessary to complete the landscaping on the Unit by a specified date. If the landscaping is not completed as scheduled, the Design Review Committee may apply the deposit to cover the cost of completing the work and enforce such other remedies as are available to the Association for the failure of the Owner to comply with this Declaration, including, without limitation, the remedies set forth in Section 11.10. 11.8.3 Certificate of Compliance. Upon payment of a reasonable fee established from time to time by the Design Review Committee, and upon written request of any Owner or his or her agent, an existing or prospective holder of a Security Interest, or a prospective grantee, the Design Review Committee shall issue an acknowledged certificate, in recordable form, setting forth generally whether, to the best of the Design Review Committee's knowledge, the improvements on a particular Unit are in compliance with the terms and conditions of the Design Guidelines. 11.8.4 Deemed Nuisances. Every violation of this Declaration is hereby declared to be and to constitute a nuisance, and every public or private remedy allowed for such violation by law or equity against a Member shall be applicable. Without limiting the generality of the foregoing, this Declaration may be enforced as provided below. (i) Fines for Violations. The Design Review Committee may adopt a schedule of fines for failure to abide by the Design Review Committee rules and the Design Guidelines, including fines for failure to obtain any required approval from the Design Review Committee. (ii) Removal of Nonconforming Improvements with Court Order. The Association, upon request of the Design Review Committee and after first obtaining a court order from a Colorado court having jurisdiction thereof, may enter upon any Unit and remove any improvement constructed, reconstructed, refinished, altered or maintained in violation of this Declaration. The Owner of the improvement shall immediately reimburse the Association for all expenses incurred in connection with such removal. If the Owner fails to reimburse the Association within thirty (30) days after the Association gives the Owner notice of the expenses, the sum owed to the Association shall bear interest at the rate of eighteen percent (18%) per annum from the date of the advance by the Association through the date of reimbursement in full, and all such sums and interest shall be an Individual Assessment enforceable as provided in this Declaration. - 28 - Section 11.9 Commencement of Construction. In the event the Owner of a Unit shall fail to commence construction of a single- family residential Dwelling Unit on his or her Unit which meets the requirements of this Declaration within a period of twelve (12) months after the closing of the purchase of the Unit from the Declarant, then, in such event, and prior to the expiration of said twelve (12) month period, the Owner shall deposit with the Design Review Committee a landscaping deposit in the minimum amount of Three Thousand Dollars ($3,000.00) or such greater amount as the Design Review Committee shall deem appropriate. The Owner shall install such landscaping and vegetation upon his or her Unit as shall be required by the Design Review Committee not later than the fifteenth (15th) month following the closing of the purchase of the Unit from the Declarant, which landscaping plan shall be in accordance with the landscaping plan submitted to the Design Review Committee by the Owner prior to the expiration of the initial twelve (12) month period. In the event the Owner shall fail to make such deposit, fail to install such landscaping or otherwise fail to comply with the provisions of this section, the Design Review Committee may collect an Individual Assessment from such Owner as provided herein and enforce its lien rights with respect thereto or apply such portion of the deposit so paid by the Owner to the Design Review Committee to the installation of such landscaping and thereafter maintain such landscaping until commencement and continuation of the construction of a residential Dwelling Unit upon the Unit. Such landscaping shall be in accordance with the landscaping plan required by the Design Review Committee, which landscaping plan shall be intended to eliminate blowing dirt, weeds, unsightly appearances and hazardous conditions on the Unit. Notwithstanding the foregoing, in the event that the Owner can prove to the reasonable satisfaction of the Executive Board that he or she was unable to plant such vegetation and install such landscaping for reasons beyond the control of the Owner, the Executive Board may grant relief from this provision until such circumstances no longer exist thereby enabling the Owner to install such landscaping. Section 11.10 Continuity of Construction. All improvements commenced on a Unit shall be prosecuted diligently to completion and shall be completed within twelve (12) months after commencement, unless an exception is granted in writing by the Design Review Committee. If any improvement is commenced and construction is then abandoned for more than ninety (90) days, or if construction is not completed within the required twelve (12) month period, then after notice and opportunity for hearing as provided in the Bylaws, the Association may impose a fine of not more than Five Hundred Dollars ($500.00) per day (or such other reasonable amount as the Association may set) to be charged against the Owner of the Unit until construction is resumed, or the improvement is completed, as applicable, unless the Owner can prove to the satisfaction of the Executive Board that such abandonment is - 29 - for circumstances beyond the Owner's control. Such charges shall be an Individual Assessment and lien as provided in Section 5.6 above. Section 11.11 Reconstruction of Common Area. The reconstruction by the Association after destruction by casualty or otherwise of any Common Area that is accomplished in substantial compliance with "as built" plans for such Common Area shall not require compliance with the provisions of this Article or the Design Guidelines. ARTICLE XII. LANDSCAPING, BUILDING AND USE RESTRICTIONS 12.1 Landscaping. Within sixty (60) days following receipt of a certificate of occupancy from the appropriate governmental authority for the Dwelling Unit constructed upon a Unit, the Owner thereof shall submit to the Design Review Committee for its Approval, a landscaping plan showing the landscaping proposed to be installed in the immediate vicinity of the Dwelling Unit located upon a Unit, including the location of any trees, shrubs, grass or other landscaping on such Unit. Such landscaping plan shall include a minimum of ten (10) trees, one (1) inch in diameter or greater, of which the majority shall be conifers and the balance of which shall be deciduous. Once the plan is approved, the landscaping must be installed within nine (9) months following receipt of a certificate of occupancy. All Unit Owners are encouraged to plant trees, shrubs and other landscaping within a Unit for the purpose of attracting wildlife and enhancing the natural beauty of the Common Interest Community. 12.2 Installation of Grass on Unit. Within nine (9) months following the issuance of a certificate of occupancy and in addition to the landscaping set forth in Section 12.1 above to be installed in the immediate vicinity of each Dwelling Unit, each Owner shall plant the remainder of his or her Unit in dry land grasses. If necessary, the Owner of a Unit shall replant any dry land grasses in the event the dry land grasses do not survive due to weather conditions or otherwise. In addition, the Owner of each Unit shall control Canadian thistle and other noxious weeds upon his or her Unit by mowing, cultivating or applying chemicals prior to maturity of the weeds and the windborne disbursement of seeds therefrom. In the event an Owner fails to control Canadian thistle or other noxious weeds upon his or her Unit as aforesaid, the Association may enter upon the land and control the Canadian thistle or other noxious weeds by mowing, cultivating or applying chemicals and the Unit Owner shall be liable to the Association for an Individual Assessment as set forth in Section 5.6 above. - 30 - 12.3 Use Restrictions and Building Type. No building or other structure shall be erected, altered, placed, or permitted to remain on any Unit other than one (1) Single Family Dwelling Unit for each Unit, with attached or detached garage, and other approved appurtenant structures. 12.4 Temporary Structures. No structures of a temporary character, including, by example and not limitation, trailers, converted trailers, campers, shacks, basements, tents, garages, or accessory buildings, shall be used on any Unit for residential purposes. 12.5 Utilities. All utilities installed within the Common Interest Community must be underground unless otherwise approved in writing by the Design Review Committee. 12.6 Building Size and Height Limitation. No Dwelling Unit shall be erected, altered or permitted to remain on any Unit unless the ground floor area thereof, exclusive of open patios, breezeways, porticoes, lofts, decks, stoops, porches, porte cocheres, balconies, crawl spaces, basements and garages, is not less than one thousand eight hundred (1,800) square feet for a single-story Dwelling Unit and two thousand two hundred (2,200) square feet for a multi-level Dwelling Unit. The square footage of basements, walk-outs and garden levels shall not be included in determining the square footage of a multi-level Dwelling Unit. For purposes of this provision, the terms "basement," "walk-out" and "garden level" shall mean any level, a portion of which is constructed below ground elevation. No Dwelling Unit shall be more than thirty-five (35) feet in height above grade and shall not have more than two (2) stories above grade. 12.7 Garages and Driveways. Each Dwelling Unit shall include an attached or detached garage having space for not less than two (2) motor vehicles nor more than four (4) motor vehicles. All driveways to Dwelling Units, circle drives and parking areas shall be finished in cement or other hard surfaces approved by the Design Review Committee. Prior to commencement of any construction activities on a Lot, the Lot Owner shall install a minimum of a twenty-four (24) inch culvert in the drainage swale in the public right of way and shall cause the same to be properly backfilled with roadbase material. 12.8 Clotheslines. Any clotheslines to be installed within the Common Interest Community must be approved in writing by the Design Review Committee and shall be retractable. 12.9 Lawn Ornaments Discouraged. In order to preserve a harmonious landscaping plan, all lawn ornaments shall be prohibited unless written Approval is first obtained from the Design Review Committee. - 31 - 12.10 Antennas and Satellite Dishes. All external radio antennas, television antennas, satellite dishes or other external signal receiving devices shall be installed or erected in such a manner as to minimize visibility. Unit Owners shall be encouraged to utilize screening, unobtrusive placement, planting, camouflage and other measures to ensure that the aesthetics of the Common Interest Community are protected and to ensure the safety of the installation of any such devices. In no event shall any satellite dish in excess of one (1) meter be permitted within the Common Interest Community. The Design Review Committee may promulgate reasonable Rules and Regulations to regulate the proposed locations and require screening or painting to minimize visual intrusion of such devices, provided that no such Rules and Regulations shall impair dish or antenna reception nor result in an unreasonable cost in the installation and maintenance of a satellite dish or antenna. 12.11 Storage of Vehicles, Boats and Campers. Except as hereinafter provided, no trailers, motor homes, camper units, boats, recreational vehicles, snowmobiles, all-terrain vehicles, horse trailers, machines or inoperative vehicles shall be stored, parked or permitted to remain upon a Unit except within fully enclosed garages or outbuildings approved by the Design Review Committee. Notwithstanding the foregoing, one (1) trailer, motor home, camper unit, boat or recreational vehicle may be stored on a Unit outside of an enclosed garage or outbuilding, provided that such trailer, motor home, camper unit, boat or recreational vehicle shall be screened from view by trees, shrubs or other screening materials approved by the Design Review Committee. Commercial vehicles engaged in the delivery or pick up of goods or services shall be exempt from the provisions of this section, provided that they do not remain within the Common Interest Community in excess of a reasonable period of time required to perform such commercial functions. For purposes of this section, a three-fourths (3/4) ton or smaller vehicle, commonly known as a "pick-up truck," shall not be deemed a "truck" or "commercial vehicle. " In addition, for purposes of this section, any disassembled or partially disassembled automobile or other vehicle or any automobile or other vehicle which is not capable of moving under its own propulsion for more than seven (7) consecutive days shall be deemed an inoperative vehicle subject to the terms of this section. 12.12 Storage. No tanks for the storage of gas, fuel, oil, chemicals or other matters shall be erected, placed or permitted above the surface of any Unit. No equipment, service yards, woodpiles or storage areas shall be permitted on any Unit without the Approval of the Association which may require enclosure or screening, such as privacy fences, landscaping or berming, to conceal such areas from the view of neighboring Units. - 32 - 12.13 Maintenance of Units and Improvements. Each Owner shall keep or cause to be kept all buildings, fences, and other structures located on his or her Unit in good repair. Rubbish, refuse, garbage, and other solid, semi-solid, and liquid waste shall be kept within sealed containers, shall not be allowed to accumulate on any Unit, and shall be disposed of in a sanitary manner. No Unit shall be used or maintained as a dumping ground for any materials, provided that the foregoing shall not prohibit a properly maintained compost pile approved by the Design Review Committee from being located upon a Unit. All containers shall be kept in a neat, clean, and sanitary condition and shall be stored inside a garage or other approved structure. No trash, litter, or junk shall be permitted to remain exposed upon any Unit and visible from adjacent streets or other Units. Burning of trash on a Unit shall be prohibited. No lumber or other building materials shall be stored or permitted to remain on any Unit except for reasonable storage during construction. 12.14 Home Occupations. In addition to any restrictions imposed upon Owners of Units by the County of Weld with regard to home occupations or businesses, no Owner shall conduct any home occupation or business activity upon his or her Unit unless it complies with the following requirements: (a) Such home occupation shall be conducted only within the interior of a Dwelling Unit and shall not occupy more than twenty percent (20%) of the floor area within the Dwelling Unit. (b) The home occupation shall be conducted only by residents of a Dwelling Unit and no non-residents shall be employed in connection with the home occupation carried on in the Dwelling Unit. (c) No signs or advertising devices of any nature whatsoever shall be erected or maintained on any Unit with respect to such home occupation. This prohibition shall not apply to the Declarant during the period of construction and sales. (d) No retail sales shall be conducted on a Unit. (e) The conduct of such home occupation must be permitted under the zoning ordinance of the County of Weld. (f) Only those home occupations which require no visits from customers and no parking at or near the Dwelling Unit in conjunction with such occupation shall be allowed. (g) There shall be no evidence of a home occupation visible from the outside of a Dwelling Unit. r - 33 - (h) Not more than three (3) additional vehicular trips shall be allowed each day on any Unit for deliveries or pick ups in connection with any such trade or business, including deliveries or pick ups by commercial delivery services, such as Federal Express or United Parcel Service. 12.15 Animals. An Owner may keep animals upon a Unit for recreational purposes and for use by the Owner's immediate family, subject to the following restrictions and limitations: (a) A reasonable number of household pets, such as dogs and cats, shall be permitted on any Unit, provided that said pets shall remain under the control of their owner at all times by voice control or physical restraint and shall not be allowed to chase domestic animals, livestock or wildlife. Household pets may not be bred or maintained on a Unit for commercial purposes and may not be kept in such a manner or in such numbers as may create an unreasonable disturbance or nuisance within the Common Interest Community. (b) Large animals, such as horses, llamas or similar full-sized animals ("Full-Sized Animal") shall be restricted to Units containing a minimum of two (2) or more acres and shall be limited to not more than two (2) Full-Sized Animals per pastured acre. Such Full-Sized Animals shall be expressly prohibited from any other Units within the Common Interest Community. (c) All non-household pets shall be kept in a humane and husbandlike manner. Quality, professional-built shelters and fencing must be erected upon each Unit prior to such animals being placed upon the Unit. (d) No pigs, goats, burros, donkeys, jackasses or exotic or obnoxious species deemed offensive by the Executive Board of the Association shall be permitted on any Unit within the Common Interest Community. (e) All hay and animal feed must be stored inside a barn or other suitable structure approved by the Design Review Committee for such purpose. (f) Quality, professionally-built shelters and fencing must be erected prior to animals being placed upon a Unit. No temporary animal shelters or fencing shall be permitted or utilized upon any Unit for any period of time whatsoever. - 34 - (g) Each Unit shall be maintained in a clean and sanitary condition at all times and no open manure piles may be maintained upon a Unit without the Approval of the Association with respect to size, placement and screening. Manure management shall be mandatory and must be removed or dissipated at the Unit Owner's expense on a quarterly basis or at such other periodic time intervals as the Association shall establish. 12.16 Nuisance. Nothing shall be done or permitted on any Unit which is or may become a nuisance. No obnoxious or offensive activities shall be conducted on any Unit. Recreational use of all-terrain vehicles, motorcycles, snowmobiles and similar vehicles or equipment on a Unit shall be kept to a minimum. 12.17 Damage or Destruction of Improvements. In the event any Dwelling Unit or other structure constructed on a Unit is damaged, either in whole or in part, by fire or other casualty, said Dwelling Unit or other structure shall be promptly rebuilt or remodeled to comply with this Declaration; or in the alternative, if the Dwelling Unit or other structure is not to be rebuilt, all remaining portions of the damaged structure, including the foundation and all debris, shall be promptly removed from the Unit, and the Unit shall be restored to its natural condition existing prior to the construction of the Dwelling Unit or other structure. 12.18 Signs. No sign of any character shall be displayed or placed upon any Unit, with the following exceptions: (a) one (1) sign per Unit of not more than six (6) square feet in total area advertising a Unit for sale shall be permitted on any Unit; (b) the Declarant or the Association shall have the right to place permanent signs at the entrance of the Property, identifying the Common Interest Community; and (c) additional signs may be permitted if approved by the Design Review Committee. 12.19 Color. All Dwelling Units and other structures constructed on any Unit shall be stained or painted such colors as shall be authorized and approved in writing by the Design Review Committee. Bright colors shall not be permitted as the primary color of any Dwelling Unit and outbuildings. 12.20 Roof Materials. The roofs on all Dwelling Units shall be constructed of tile, concrete roofing tile, high-end composition shingles having a three (3) dimensional appearance or such other high-quality roofing material as may be approved by the Design Review Committee. All such roofing materials shall be approved by the Design Review Committee, including the color and texture of such roofing materials. - 35 - 12.21 Resubdivision. No Unit may be further subdivided without the Approval of the Executive Board of the Association, which Approval shall be within its sole discretion. This provision shall not be construed to prohibit or prevent the dedication or conveyance of any portion of a Unit as an easement for public utilities. 12.22 Disturbing the Peace. No Person shall disturb, tend to disturb, or aid in disturbing the peace of others by violent, tumultuous, offensive, disorderly, or obstreperous conduct, and no Owner shall knowingly permit such conduct upon any Unit owned by such Owner. 12.23 Easements. All easements for installation and maintenance of utilities, ditches and equestrian activities are shown on the Plat. All such utilities shall be underground. No building or other structure shall be constructed, erected or placed upon any easement reserved for utilities, except fences, which shall be subject to the prior Approval of the Design Review Committee. In addition, no fences or other structures shall impede or restrict access, ingress and egress within the equestrian easement and equestrian paths. 12.24 Drainage and Irrigation. No Owner shall modify or change the topography or contour of any drainage areas or easements, including swales, constructed on the Units and other portions of the Property from the shape and outline established by the Declarant or Persons or entities acting on behalf of the Declarant; provided, however, that an Owner shall be permitted to modify the drainage areas on his or her Unit upon receiving written Approval therefor from the Design Review Committee. Any Owner who in any way materially modifies the drainage pattern on his or her Unit without such Consent shall be subject to sanctions contained herein for violations of this Declaration. 12.25 Discharge of Weapons. No Person shall discharge, fire or shoot any gun, pistol, revolver, rifle, shotgun, crossbow, bow and arrow, sling shot, pellet gun, or other firearm or weapon whatsoever within any portion of the Common Interest Community, including an Owner's own Unit. Notwithstanding the foregoing, the discharge of firearms or weapons by any member of any law enforcement office in the course of such member's official duty shall not be deemed a violation of this provision. 12.26 No Hazardous Activities. No activity shall be conducted upon any Unit or within improvements constructed on any Unit which are or might be unsafe or hazardous to any Person or property. Without limiting the generality of the foregoing, no open fires shall be lighted or permitted on any Unit except in a contained barbecue unit while attended and in use for cooking purposes or within an interior fireplace. r - 36 - 12.27 No Annoying Sights or Odors. No sound shall emanate from any Unit which is unreasonably loud or annoying; and no odor shall be permitted from any Unit which is noxious or offensive to others. 12.28 Restrictions on Trash and Materials. No refuse, garbage, trash, lumber, grass, shrubs or tree clippings, plant wastes, metal, bulk materials, scrap or debris of any kind shall be kept, stored or allowed to accumulate on any Unit unless placed in a suitable container suitably located for the purpose of garbage pick up. All equipment for storage or disposal of such materials shall be kept in a clean and sanitary condition. No garbage or trash cans or receptacles shall be maintained in an exposed or unsightly manner. Notwithstanding the foregoing, the Design Review Committee may allow for the use of composting bins, provided that the use of the composting bins meet the rules and regulations established by the Design Review Committee in order to avoid unnecessary odors and attraction to vermin. 12.29 General Prohibition. Notwithstanding any provision herein to the contrary, no use shall be made of an Owner's Unit which will in any manner violate the statutes or rules and regulations of any governmental authority having jurisdiction over the use of said Owner's Unit. ARTICLE XIII. GENERAL PROVISIONS 13.1 Enforcement. The Association or the Unit Owner or Owners of any of the Units may enforce the restrictions, conditions, covenants and reservations imposed by the provisions of this Declaration or any Bylaws or Rules or Regulations promulgated by the Association which are consistent with this Declaration by proceedings at law or in equity against any Person or against the Association violating or attempting to violate any of the said Bylaws or Rules and Regulations or restrictions and limitations of this Declaration, either to recover damages for such violation, including reasonable attorneys' fees incurred in enforcing this Declaration, or to restrain such violation or attempted violation or to modify or remove structures fully or partially completed in violation hereof, or both. Failure of the Association or of any Unit Owner to enforce any covenant or restriction herein contained shall in no event be deemed a waiver of the right to do so thereafter. The Association shall not be liable to reimburse any Unit Owner for attorneys' fees or costs incurred in any suit brought by a Unit Owner to enforce or attempt to enforce this Declaration. 13.2 Term of Declaration. This Declaration shall run with the land, shall be binding upon all Persons owning Units and any Persons hereafter acquiring said Units, and shall be in effect in perpetuity unless amended or terminated as provided in the Act. - 37 - 13.3 Amendment of Declaration. Except as otherwise provided in the Act and this Declaration, and subject to provisions elsewhere contained in this Declaration requiring the Consent of the Declarant or others, any provision, covenant, condition, restriction or equitable servitude contained in this Declaration may be amended or repealed at any time and from time to time upon Approval of the amendment or repeal by Members of the Association holding at least sixty-seven percent (67%) of the voting power of the Association present in person or by proxy at a duly constituted meeting of the Members. The Approval of any such amendment or repeal shall be evidenced by the certification by the Executive Board of the Association of the vote of Members. The amendment or repeal shall be effective upon the recordation in the office of the Clerk and Recorder of Weld County, Colorado, of a certificate, executed by the President or a Vice President and the Secretary or an Assistant Secretary of the Association setting forth the amendment or repeal in full and certifying that the amendment or repeal has been approved by the Members and certified by the Executive Board as set forth above. 13.4 Special Rights of First Security Interests. Any First Security Interest of a mortgage encumbering any Unit, upon filing a written request therefor with the Association, shall be entitled to (a) written notice from the Association of any default by the mortgagor of such Unit in the performance of the mortgagor's obligations under this Declaration, the Articles of Incorporation, the Bylaws or the Rules and Regulations, which default is not cured within sixty (60) days after the Association learns of such default; (b) examine the books and records of the Association during normal business hours; (c) receive a copy of financial statements of the Association, including any annual audited financial statement; (d) receive written notice of all meetings of the Executive Board or Members of the Association; (e) receive written notice of abandonment or termination of the Association; (f) receive thirty (30) days' written notice prior to the effective date of any proposed, material amendment to this Declaration, the Articles of Incorporation, or the Bylaws; and (g) receive thirty (30) days' written notice prior to the effective date of termination of any agreement for professional management of the Association or the Common Elements following a decision of the Association to assume self-management of the Common Elements. 13.5 First Security Interest Right to Pay Taxes, Rental and Insurance Premiums. Any one (1) or more First Security Interests, jointly or singly, shall be entitled to pay (a) any taxes or other charges which are in default and which may or have become a lien against any of the Common Elements; or (b) any overdue premiums on hazard insurance policies or secure new hazard insurance coverage for the Common Elements or Units, and the First Security Interests making such payments shall be entitled to immediate reimbursement therefor from the Association. r"` - 38 - 13.6 Association Right to Security Interest Information. Each Unit Owner hereby authorizes any First Security Interest holding a Security Interest on such Owner's Unit to furnish information to the Association concerning the status of such First Security Interest and the loan which it secures. 13.7 Special Approvals by First Security Interests. Unless at least sixty-seven percent (67%) of the First Security Interests (based on one [1] vote for each Security Interest owned) of Units in the Association have given their written Approval, neither the Association nor any Member shall (a) by act or omission seek to abandon, partition, subdivide, encumber, sell or transfer the Common Elements or any improvements thereon which are owned, directly or indirectly, by the Association (except that the granting of access easements, utility easements, drainage easements and water facilities easements or easements for other public purposes consistent with the intended use of such property by the Association shall not be deemed within the meaning of this provision) ; (b) change the method of determining the obligations, assessments or other charges which may be levied against Members; (c) by act or omission change, waive or abandon any scheme or regulation, or enforcement thereof, pertaining to architectural Approval of improvement of Units, including the architectural design of the exterior appearance of Units, or the upkeep of lawns and plantings on the Common Elements; (d) amend any material provision of this Declaration; and (e) establish self-management by the Association when professional management has previously been required by any First Security Interest or insurer or guarantor of a First Security Interest on a Unit. An amendment shall not be deemed material if it is for the purpose of correcting technical errors, or for clarification only. If a First Security Interest who receives a written request for Approval of the proposed act, omission, change or amendment does not deliver or post to the requesting party a negative response within thirty (30) days, it shall be deemed to have approved such request. To be eligible either to approve or object to any written request for Approval, a First Security Interest must have previously given the Association written notice of the existence of its Security Interest. 13.8 Captions. The captions contained in the Documents are inserted only as a matter of convenience and for reference, and in no way define, limit or describe the scope of the Documents or the intent of any provision thereof. 13.9 Gender. The use of the masculine gender refers to the feminine gender, and vice versa, and the use of the singular includes the plural, and vice versa, whenever the context of the Documents so require. - 39 - 13.10 Waiver. No provision contained in the Documents is abrogated or waived by reason of any failure to enforce the same, irrespective of the number of violations or breaches which may occur. 13.11 Invalidity and Severability. The invalidity of any provision of the Documents does not impair or affect in any manner the validity, enforceability or effect of the remainder, and if a provision is invalid, all of the other provisions of the Documents shall continue in full force and effect. 13.12 Conflict. The Documents are intended to comply with the requirements of the Act. If there is any conflict between the Documents and the provisions of the Act, the provisions of the Act shall control. In the event of any conflict between this Declaration and any other Document, this Declaration shall control. 13.13 Right to Farm Covenant. Weld County is one of the most productive agricultural counties in the United States. The rural area of Weld County may be open and spacious, but they are intensively used for agriculture. Persons moving into a rural area must recognize there are drawbacks, including conflicts with long- standing agricultural practices and a lower level of services than in town. Agricultural users of the land should not be expected to change their long-established agricultural practices to accommodate the intrusions of urban users into a rural area. Well run agricultural activities will generate off-site impacts, including noise from tractors and equipment; dust from animal pens, field work, harvest, and gravel roads; odor from animal confinement, silage, and manure; smoke from ditch burning; flies and mosquitoes; the use of pesticides and fertilizers in the fields, including the use of aerial spraying. Ditches and reservoirs cannot simply be moved out of the way of residential development without threatening the efficient delivery of irrigation to field which is essential to farm production. Weld County covers a land area of over 4,000 square miles (twice the State of Delaware) with more than 3,700 miles of state and county roads outside of municipalities. The sheer magnitude of the area to be served stretches available resources. Law enforcement is based on responses to complaints more than on patrols of the county and the distances which much be traveled may delay all emergency responses, including law enforcement, ambulance, and fire. Fire protection is usually provided by volunteers who must leave their jobs and families to respond to emergencies. County gravel roads, no matter how often they are bladed, will not provide the same kind of surface expected from a paved road. Snow removal priorities mean that roads from subdivision to arterial may not be cleared for several days after - 40 - a major snowstorm. Snow removal from roads within subdivision are of the lowest priority forpublic works or may be the private responsibility of the homeowners. Services in rural area, in many cases, will not be equivalent to municipal services. Children are exposed to different hazards in the county than in urban or suburban setting. Farm equipment and oil field equipment, ponds and irrigation ditches, electrical power for pumps and center pivot operations, high speed traffic, sand burs, puncture vines, territorial farm dogs, and livestock present real threats to children. Controlling children's activities is important, not only for their safety, but also for the protection of the farmer's livelihood. • IN WITNESS WHEREOF, the undersigned have executed this Declaration of Covenants, Conditions and Restrictions for Ivy Crest on the day and year set forth on their respective counterpart signature pages. - 41 - SIGNATURE PAGE ATTACHED TO AND MADE A PART OF THE DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR IVY CREST The undersigned, being an Owner of real property in IVY CREST, hereby executes this page as part of the Declaration of Covenants, Conditions and Restrictions for IVY CREST. DATED this day of March, 2001. BODELS CORPORATION, a Colorado Corporation By Susan E. Barrett, President * PLEASE SIGN YOUR NAME EXACTLY AS IT APPEARS * STATE OF COLORADO ) ) ss. COUNTY OF ) The foregoing instrument was acknowledged before me this day of March, 2001, by Susan E. Barrett, as President of BODELS CORPORATION, a Colorado Corporation. /'` WITNESS my hand and official seal. My commission expires: Notary Public es- RATIFICATION The undersigned, having a Security Interest in all or any part of the Property described on Exhibit "A" attached hereto and incorporated herein by reference, hereby approves, ratifies, confirms and consents to the foregoing Declaration of Covenants, Conditions and Restrictions for IVY CREST. IN WITNESS WHEREOF, the undersigned has caused its name to be hereunto subscribed by its this day of March, 2001. NEW FRONTIER BANK OF GREELEY By Name/Title STATE OF COLORADO ) ss. COUNTY OF ) The foregoing instrument was acknowledged before me this day of March, 2001, by , as of NEW FRONTIER BANK OF GREELEY. Witness my hand and official seal. My commission expires: Notary Public r EXHIBIT "A" ATTACHED TO AND MADE A PART OF DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR IVY CREST (A COMMON INTEREST COMMUNITY) LEGAL DESCRIPTION OF PROPERTY Declarant's Property Lot A of the Amended Recorded Exemption No. 1209-21-4-RE2151 being a part of the East Half of Section Twenty-One (21) , Township Three North (T.3N. ) , Range Sixty-Seven West (R.67W. ) of the Sixth Principal Meridian (6th P.M. ) , County of Weld, State of Colorado. r"� EXHIBIT "B" ATTACHED TO AND MADE A PART OF DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR IVY CREST (A COMMON INTEREST COMMUNITY) Easements and Licenses Easements and licenses appurtenant to the Common Interest Community are as follows: • Hello