HomeMy WebLinkAbout20002873 RESOLUTION
RE: APPROVE IMPROVEMENTS AGREEMENT ACCORDING TO POLICY REGARDING
COLLATERAL FOR IMPROVEMENTS (PRIVATE ROAD MAINTENANCE) AND
ACCEPT FORM OF COLLATERAL FOR PLANNED UNIT DEVELOPMENT FINAL
PLAN, S #562, FOR MEADOW VALE FARM, THIRD FILING - FLOYD AND
KATHARINE OLIVER
WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to
Colorado statute and the Weld County Home Rule Charter, is vested with the authority of
administering the affairs of Weld County, Colorado, and
WHEREAS, on November 1, the Board of County Commissioners did approve a Site
Specific Development Plan and Planned Unit Development Final Plan, S #562, for Floyd and
Katharine Oliver, do Glen Droegemueller, P.C., 822 7th Street, Suite 350, Greeley, Colorado
80631, for Meadow Vale Farm, Third Filing, on the following described real estate, to-wit:
Part of the SW114 of Section 4, Township 2 North,
Range 68 West of 6th P.M., Weld County,
Colorado
WHEREAS, pursuant to certain Conditions of Approval, the Board has been presented
with an Improvements Agreement According to Policy Regarding Collateral for Improvements
(Private Road Maintenance) between the County of Weld, State of Colorado, by and through
the Board of County Commissioners of Weld County, and Floyd and Katharine Oliver, with
terms and conditions being as stated in said agreement, and
WHEREAS, the Board has been presented with Irrevocable Standby Letter of Credit
#0500000101 from Centennial Bank of the West, 3561 Stagecoach Road, Longmont, Colorado
80504, in the amount of $505,000.00, and
WHEREAS, after review, the Board deems it advisable to approve said agreement and
accept said Irrevocable Standby Letter of Credit as stated above, copies of which are attached
hereto and incorporated herein by reference.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of
Weld County, Colorado, that the Improvements Agreement According to Policy Regarding
Collateral for Improvements (Private Road Maintenance) between the County of Weld, State of
Colorado, by and through the Board of County Commissioners of Weld County, and Floyd and
Katharine Oliver, be, and hereby is, approved.
f/AL 2000-2873
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IMPROVEMENTS AGREEMENT (S #562) - FLOYD AND KATHARINE OLIVER
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BE IT FURTHER RESOLVED that Irrevocable Standby Letter of Credit#0500000101
from Centennial Bank of the West, 3561 Stagecoach Road, Longmont, Colorado 80504. In the
amount of$505,000.00, be and hereby is, accepted.
The above and foregoing Resolution was, on motion duly made and seconded, adopted
by the following vote on the 15th day of November, A.D., 2000.
BOARD OF COUNTY COMMISSIONERS
Le
WELD COUNTY, COLOR,,DO
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ATTEST: •f d ` - ` - R )1(-17 A. ____
. ) Barbara J. cmeyer, hair
Weld County Clerk to the o- ,C, , \\ -' -.+
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0� � � M. J. eile, Pro-Tern
BY: I As . P. .'
Deputy Clerk to the red /e`--\`�'f' /_A-f� f .- _
V My. Z eorge�Baxter
APPROVED AS TO FORM:
Dale K. Hall ,
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Glenn Vaad
2000-2873
PL1010
4 : MEMORANDUM
W IWog C.
To: Board of County Commissioners November 1, 2000
COLORADO From: Anne Best Johnson, Long Range Planner f L?;
Subject: Acceptance of Irrevocable Letter of Credit
On November 1, 2000 the Department of Planning Services' received a Irrevocable Standby
Letter of Credit from Centennial Bank of the West on behalf of Katharine H. Oliver (2385
Homestead Place, Longmont, Colorado 80504) for Meadow Vale Phase II PUD located in part
of the SW4 of Section 4, T2N, R68W of the 6th P.M., Weld County, Colorado and North of and
adjacent to State Highway 119; East of and adjacent to WCR 5.5., Longmont, Colorado, case
number S-562, in the amount of five hundred and five thousand dollars and no/100s
(505,000.00 dollars).
Items covered under this letter of credit include:
Engineering $ 25,000.00
Rough $ 10,000.00
Sanitary Sewer $ 55,000.00
Water Mains 3,000 feet @ 10 inches $100,000.00
Drainage Pipe $ 10,000.00
Curb, Gutter and Sidewalk for 2,000 feet $ 36,000.00
Street Signs $ 1,500.00
Sprinkling System Completed $
Landscaping $ 5,000.00
Electrical United Power $ 16,000.00
Natural Gas with Public Service Co. $ 9,000.00
Telephone with U.S. West $ 5,000.00
TV Cable with Comcast $
Off Site
Curb, Gutter and Sidewalk WCR 5.5 for 3,000 feet $ 60,000.00
Asphalt Paving of WCR 5.5 $ 50,000.00
Sub Total $382,500.00
Total Estimated Cost of Improvements and Supervision $505,000.00
The Weld County Attorney, the Department of Public Works and the Department of Planning
Services', have determined that the amount of the agreement will be sufficient to complete the
work required for Meadow Vale Phase II, located in part of the SW4 of Section 4, T2N, R68W
of the 6th P.M., Weld County, Colorado and North of and adjacent to State Highway 119. East
of and adjacent to WCR 5.5., Longmont, Colorado, case number S-562. The Department of
Planning Services' recommends acceptance of this Letter.
Electronic copy: L. Morrison, D. Carroll, D. Houghtaling
S RV ICY I EANIWORK,INIEGHITV,QUA!IIV
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IRREVOCABLE STANDBY LETTER OF CREDIT
Standby Letter of Credit Number: 0500000101 Date: October 30, 2000
Beneficiary:
COUNTY OF WELD
1555 NORTH 17TH AVENUE
GREELEY, CO 80631
To Whom It May Concern:
We, CENTENNIAL BANK OF THE WEST, hereby issue our IRREVOCABLE STANDBY LETTER OF CREDIT Numt er
0500000101 in your favor for the account of KATHARINE H OLIVER, up to the aggregate amount of Five Hundr 3d
Five Thousand & 00/100 Dollars (S 505,000.00).
This amount is available upon presentation of your sight drafts or drafts drawn upon us, and accompanied by ,e
following:
EACH DRAFT MUST BE ACCOMPANIED BY A WRITTEN STATEMENT SIGNED BY A
DULY AUTHORIZED OFFICER OF COUNTY OF WELD, STATING THAT THIS DRAW
PERTAINS TO THE OBLIGATIONS SPECIFIED IN THE IMPROVEMENTS AGREEMEN`S
FOR THE ELMS AT MEADOW VALE AND THAT ELMS LAND COMPANY, LLC HAS NOT
PERFORMED THE OBLIGATIONS AS SPECIFIED.
This Letter of Credit expires on October 30, 2001.
All drafts drawn under this Letter of Credit must contain the following statement: "Drawn under CENTENNIAL
BANK OF THE WEST Irrevocable Letter No 0500000101 dated October 30, 2000." If the credit is available by
negotiation, each presentation must be noted on the reverse of the advice by the bank where the credit is available.
We hereby agree with the drawers, endorsers, and holders in due course of all drafts drawr under anc in
compliance with the terms of this Letter of Credit that such drafts will be duly honored by us upcn presentation.
The terms of this Letter of Credit will be duly honored at:
CENTENNIAL BANK OF THE WEST
3561 STAGECOACH ROAD
L0NGMONT, CO 80504
This Letter of Credit is irrevocable, unconditional, nontransferable and non-assignable.
Unless otherwise expressly stated, this Letter of Credit is subject to the International Chamber of Comme Ce,
Uniform Customs and Practice for Commercial Documentary Credits; 1993 Revision - International Cnamhe of
Commerce Publication No. 500.
Sincerely, •
By.
Authorized Signer Authorized Signer
i
Title: -�i ra - ' d. -� Title:
>s2 1 IMPROVEMENTS AGREEMENT ACCORDING
POLICY REGARDING COLLATERAL FOR IMPROVEMENTS
(PRIVATE ROAD MAINTENANCE)
THIS AGREEMENT, made and entered into this 15th day of November ,2000 . by and
between the County of Weld, State of Colorado, acting through its Board of County Commissioners,
hereinafter called "County," and Katharine Oliver hereinafter called "Applicant "
WITNESSETH:
WHEREAS, Applicant is the owner of, or has a controlling interest in the following described
property in the County of Weld, Colorado:
PART OF THE SW1/1'� SEC, 4 , T2V, R68W
WHEREAS, a Final Subdivision/Planned Unit Development (PUD) plat of said properly, to he
known as MEADOW VALE FARM 3rd Filing has been submitted to the
County for approval, and
WHEREAS,relevant Weld County Ordinances provide that no Subdivision Final Plat,Planned Unit
Development Final Plat, or Site Plan shall be approved by the County until the Applicant has submitted a
Subdivision Improvement Agreement guaranteeing the construction of the public improvements shown on
plans, plats and supporting documents of the Subdivision Final Plat, Planned Unit Development Final Plat,
or Site Plan,which improvements,along with a time schedule for completion,are listed in Exhibits "A" and
"B" of this Agreement.
NOW, THEREFORE, IN CONSIDERATION OF the foregoing and of the acceptance and
Ras approval of said Final Plat, the parties hereto promise, covenant and agree as follows:
c 1.0 Engineering Services: Applicant shall furnish,at its own expense, all engineering services
csi in connection with the design and construction of the Subdivision or Planned Unit
—" Development improvements listed on Exhibit"A,"which is attached hereto and incorporated
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co 1.1 The required engineering services shall be performed by a Professional Engineer
and Land Surveyor registered in the State of Colorado, and shall conform to the
standards and criteria established by the County for public improvements
X00 1.2 The required engineering services shall consist of, but not be limited to. turves,
—o C designs,plans and profiles,estimates,construction supervision,and the silt mission
of necessary documents to the County.
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1.3 Applicant shall furnish drawings and cost estimates for roads within the Subdivision
or Planned Unit Development to the County for approval prior to the letting of any
construction contract. Applicant shall furnish one set of reproducible "as-built"
drawings and a final statement of construction cost to the County.
2.0 Rights-of-Way and Easements: Before commencing the construction of any improvements
herein agreed upon, Applicant shall acquire,at its own expense,good and sufficient rights-
of-way and easements on all lands and facilities traversed by the proposed improve nents
3.0 Construction: Applicant shall furnish and install, at its own expense, the Subdivision or
Planned Unit Development improvements listed on Exhibit "A," which is attached hereto
and incorporated herein by reference, according to the construction schedule set out in
Exhibit "B" which is also attached hereto and incorporated herein by reference.
3.1 Said construction shall be in strict conformance to the plans and drawings approved
by the County and the specifications adopted by the County for such public
improvements. Whenever a Subdivision or Planned Unit Development is proposed
within three miles of an incorporated community located in Weld County or located
in any adjacent county, the Applicant shall be required to install improvements in
accordance with the requirements and standards that would exist if the plat were
developed within the corporate limits of that community. If the incorporated
community has not adopted such requirements and standards at the tine the
Subdivision or Planned Unit Development is proposed, the requiremer is and
standards of the County shall be adhered to. If both the incorporated com nunit'v
and the County have requirements and standards,those requirements and sta ndards
that are more restrictive shall apply.
3.2 Applicant shall employ,at its own expense,a qualified testing company pre.viousl r
approved by the County to perform all testing of materials or construction that is
required by the County; and shall furnish copies of test results to the Couny.
3.3 At all times during said construction, the County shall have the right to t_st and
inspect, or to require testing and inspection of material and work at Applicant's
expense. Any material or work not conforming to the approved plans and
specifications shall be removed and replaced to the satisfaction of the Cc tint) at
Applicant's expense.
3.4 Applicant shall furnish proof that proper arrangements have been made for the
installation of sanitary sewer or septic systems, water, gas, electric and telephone
services.
3.5 Said Subdivision or Planned Unit Development improvements shall be completed,
according to the terms of this Agreement, within the construction st hedule
appearing in Exhibit "B." The Board of County Commissioners,at its option, may
grant an extension of the time of completion shown on Exhibit"B"upon apm'.ication
by the Applicant subject to the terms of Section 6 herein.
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4.0 Release of Liability: Applicant shall indemnify and hold harmless the County from any and
all liability loss and damage County may suffer as a result of all suits, actions or claims of
every nature and description caused by, arising from, or on account of said design and
construction of improvements,and pay any and all judgments rendered against the County
on account of any such suit, action or claim, together with all reasonable expenses and
attorney fees incurred by County in defending such suit, action or claim whether the
liability, loss or damage is caused by, or arises out of the negligence of the County or its
officers, agents, employees, or otherwise except for the liability, loss, or damage arising
from the intentional torts or the gross negligence of the County or its employees while acting
within the scope of their employment. All contractors and other employees engaged in
construction ofthe improvements shall maintain adequate worker's compensation insurance
and public liability insurance coverage,and shall operate in strict accordance with the laws
and regulations of the State of Colorado governing occupational safety and health.
(THERE IS NO SECTION 5)
6.0 Approval of Streets by the County: Upon compliance with the following procedure by the
Applicant, streets within a Subdivision or Planned Unit Development may be approved by
the County as public roads and will be maintained and repaired by a Homeowners
Association or, in its absence, the owners of lots within the Subdivision or Planned Unit
Development.
6.1 if desired by the County, portions of street improvements may be placed in service
when completed according to the schedule shown on Exhibit"B,"but such Ise and
operation shall not constitute an approval of said portions.
6.2 County may, at its option, issue building permits for construction on lots for which
street improvements detailed herein have been started but not completed as shown
on Exhibit "B," and may continue to issue building permits so long as the progress
of work on the Subdivision or Planned Unit Development improvements in that
phase of the development is satisfactory to the County; and all terms of this
Agreement have been faithfully kept by Applicant.
6.3 Upon completion of the construction of streets within a Subdivision or Planned Ii nit
Development and the filing of a Statement of Substantial Compliance, the
applicant(s)may request in writing that the County Engineer inspect its streets and
recommend that the Board of County Commissioners partially approve them. Not
sooner than nine months after partial approval, the County Engineer shad, upon
request by the applicant, inspect the subject streets, and notify the applicant(s) of
any deficiencies. The County Engineer shall reinspect the streets after notification
from the applicant(s) that any deficiencies have been corrected. If the County
Engineer finds that the streets are constructed according to County standards,he or
she shall recommend full approval. Upon a receipt of a positive unqualified
recommendation from the County Engineer for approval of streets within the
development,the Board of County Commissioners shall fully approve said streets
as public but with private pay.
1 111111 11111 1111111 11111 11111 1111111111 III VIII IIII I11I
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7.0 General Requirements for Collateral:
7.1 The value of all collateral submitted to Weld County must be equivalent to One-
Hundred percent (100%) of the value of the improvements as shown in this
Agreement. Prior to Final Plat approval,the applicant shall indicate which of the
five types of collateral preferred to be utilized to secure the improvements subject
to final approval by the Board of County Commissioners and the execution of this
Agreement. Acceptable collateral shall be submitted and the plat recorded within
six (6) months of the Final Plat approval. If acceptable collateral has not been
submitted within six (6) months then the Final Plat approval and all preliminary
approvals shall automatically expire. Applicant may request that the Count) extend
the Final Plat approval provided the cost estimates are updated and the development
plans are revised to comply with all current County standards, policies and
regulations. The improvements shall be completed within one (1) year after the
Final Plat approval(not one year after acceptable collateral is submitted) unless
the applicant(s) requests that this Agreement be renewed at least thirty (30) days
prior to its expiration and further provides that cost estimates for the retnaining
improvements are updated and collateral is provided in the amount of One-
Hundred percent (100%1 of the value of the improvements remainink to he
completed. If improvements are not completed and the agreement not renewed
within these time frames,the County, at its discretion, may make demand on all or
a portion of the collateral and take steps to see that the improvements are made.
7.2 The applicant may choose to provide for a phased development by means of
designating filings of a Planned Unit Development Final Plat or Subdivision Final
Plat. The applicant would need only to provide collateral for the improvements in
each filing as approved. The County will place restrictions on those portions of the
property that are not covered by collateral which will prohibit the conveyance of the
property or the issuance of building permits until collateral is provided or until
improvements are in place and approved pursuant to the requirements for a 'lequest
for Release of Collateral.
7.3 The applicant intends to develop in accordance with Exhibits "A" and ' B '
8.0 Improvements Guarantee: The five types of collateral listed below are acceptable-o Weld
County subject to final approval by the Board of County Commissioners.
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a O 8.1 An irrevocable Letter of Credit from a Federal or State licensed financial institution
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- on a form approved by Weld County. The Letter of Credit shall state at least the
— =to 0 following:
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= 8.1.1 The Letter of Credit shall be in an amount equivalent of One-Hundred
— percent (100%) of the total value of the improvements as set 'orth in
9 Section 6.0 and Exhibits "A" and "B."
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00 8.1.2 The Letter of Credit shall provide for payment upon demand to Weld
a o County if the developer has not performed the obligations specified in the
mom.c, Improv, ments Agreement and the issuer has been notified of such default.
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8.1.3 The applicant may draw from the Letter of Credit in accordance with the
provisions of this policy.
8.1.4 The issuer of the Letter of Credit shall guarantee that, at all tEmes the
unreleased portion of the Letter of Credit shall be equal to a minimum of
One-Hundred percent (100%) of the estimated costs of completing the
uncompleted portions of the required improvements, based on inspections
of the development by the issuer. In no case shall disbursement for a
general improvement item exceed the cost estimate in the Improvements
Agreement(i.e., streets, sewers, water mains and landscaping, etc.). The
issuer of the Letter of Credit will sign the Improvements Agreement
acknowledging the agreement and its cost estimates.
8.1.5 The Letter of Credit shall specify that fifteen percent (15%) of the total
Letter of Credit amount cannot be drawn upon and will remain available to
Weld County until released by Weld County.
8.1.6 The Letter of Credit shall specify that the date of proposed expiration of the
Letter of Credit shall be either the date of release by Weld County of the
final fifteen percent (15%), or one year from the date of Fnal Mat
approval, whichever occurs first. Said letter shall stipulate that, in any
event,the Letter of Credit shall remain in full force and effect until after the
Board has received sixty (60) days written notice from the issuer of the
Letter of Credit of the pending expiration. Said notice shall be sent by
certified mail to the Clerk to the Board of County Commissioners.
8.2 Trust Deed upon all or some of the proposed development or other property
acceptable to the Board of County Commissioners provided that the following are
submitted:
8.2.1 In the event property within the proposed development is used as c.lateral,
an appraisal is required of the property in the proposed development by a
disinterested Member of the American Institute of Real Estate Appraisers
(M.A.I.) indicating that the value of the property encumbered in its current
degree of development is sufficient to cover One-Hundred percent(100%)
ro 0 of the cost of the improvements as set forth in the Improvements
EAgreement plus all costs of sale of the property.
o F o 8.2.2 In the event property other than the property to be developed •tas been
accepted as collateral by Weld County,then an appraisal is required of the
ITM ti o property by a Member of the Institute of Real Estate Appraisers (M.A.I.)
- indicating that the value of the property encumbered in its current state of
=d d development is sufficient to cover One-Hundred percent(100%)of the cost
a 13 of the improvements as set forth in the Improvements Agreement plus all
a c o costs of sale of the property.
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—o� 8.2.3 A title insurance policy insuring that the Trust Deed creates a valid
encumbrance which is senior to all other liens and encumbrance,.
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8.2.4 A building permit hold shall be placed on the encumbered property.
8.3 Escrow Agreement that provides at least the following:
8.3.1 The cash in escrow is at least equal to One-Hundred percent(100%)of the
amount specified in the Improvements Agreement.
8.3.2 The escrow agent guarantees that the escrowed funds will he used for
improvements as specified in the agreement and for no other purpose and
will not release any portion of such funds without prior approval of the
Weld County Board of Commissioners.
8.3.3 The escrow agent will be a Federal or state-licensed bank or 'inancial
institution.
8.3.4 If Weld County determines there is a default of the Improvements
Agreement,the escrow agent,upon request by the County,shall re'ease any
remaining escrowed funds to the County.
8.4 A surety bond given by a corporate surety authorized to do business in the State of
Colorado in an amount equivalent to One-Hundred percent(100%)of the value of
the improvements as specified in the Improvements Agreement.
8.5 A cash deposit made with the County equivalent to One-Hundred percens (100%)
of the value of the improvements.
9.0 Request for Release of Collateral: Prior to release of collateral for the entire proj•ict or for
a portion of the project by Weld County, the Applicant must present a Statement of
Substantial Compliance from an Engineer registered in Colorado that the project or a portion
of the project has been completed in substantial compliance with approved plans and
specifications documenting the following:
9.1 The Engineer or his representative has made regular on-site inspections during the
course of construction and the construction plans utilized are the same as those
approved by Weld County.
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immi 0 9.2 Test results must be submitted for all phases of this project as per Colorado
g, Department of Transportation Schedule for minimum materials sampling, testing
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�e and inspections found in the Colorado Department of Transportation (CDOT)
`' Materials Manual.
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ccn 9.3 "As built" plans shall be submitted at the time the letter requesting release of
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— collateral is submitted. The Engineer shall certify that the project "as-built" is in
ain substantial compliance with the plans and specifications as approved, of that any
-eo c, material deviations have received prior approval from the County Engineer.
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o9.4 The Statements of Substantial Compliance must be accompanied, if appropriate,by
a letter of acceptance of maintenance and responsibility by the appropriate utility
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company, special district or town for any utilities.
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9.5 A letter must be submitted from the appropriate Fire Authority indicating the fire
hydrants are in place in accordance with the approved plans. The letter shall
indicate if the fire hydrants are operational and state the results of fire flow tests.
9.6 The requirements in paragraphs 9.0 thru 9.5 shall be noted on the final cons ruction
plans.
9.7 Following the submittal of the Statement of Substantial Compliance and
recommendation of approval of the streets by the County, the applicant{s) may
request release of the collateral for the project or portion of the project by the
Board. This action will be taken at a regularly scheduled public meetim^ of the
Board.
9.8 The request for release of collateral shall be accompanied by"Warranty Co:lateral"
in the amount of fifteen percent(15%)of the value of the improvements a shown
in this Agreement excluding improvements fully accepted for maintenance by the
responsible governmental entity, special district or utility company.
9.9 The warranty collateral shall be released to the applicant upon final approv.l by the
Board of County Commissioners.
10.0 Public Sites and Open Spaces: When the Board of County Commissioners, pursuant To a
rezoning, Subdivision or Planned Unit Development,requires the dedication.development
and/or reservation of areas or sites other than Subdivision or Planned Unit Development
streets and utility easements of a character, extent and location suitable for public use for
parks, greenbelts or schools, said actions shall be secured in accordance with ore of the
following alternatives,or as specified in the Planned Unit Development(PUD)Plan. if any:
10.1 The required acreage as may be determined according to the Weld County
Subdivision Regulations shall be dedicated to the County or the appropriate school
district, for one of the above purposes. Any area so dedicated shall be ma stained
by the County or school district.
10.2 The required acreage as determined according to the Weld County Subdivision
Ordinance,maybe reserved through deed restrictions as open area,the maintenance
of which shall be a specific obligation in the deed of each lot within the Subdivision
or Planned Unit Development.
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co 10.3 In lieu of land,the County may require a payment to the County in an amount equal
q to the market value at the time of Final Plat submission of the required acreage as
CI determined according to the Weld County Subdivision Ordinance. Such value shall
_� be determined by a competent land appraiser chosen jointly by the Board and the
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cc° Applicant. The cash collected shall be deposited in an escrow account to he
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expended for parks at a later date.
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e 11.0 Successors and Assigns: This Agreement shall be binding upon the heirs, e>.ecutors',
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o personal representatives,successors and assigns of the Applicant,and upon recording by the
-o o County, shall be deemed a covenant running with the land herein described, and shall be
r oo binding upon the successors in ownership of said land.
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IN WITNESS WHEREOF, the parties hereto have caused tdis Agreement to be executed on the
day and year first above written. LL �,/ . C' 2
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Ci \°nTrt'� <<� it APPLICANT: a x�z, p/ J I • (i Lot
�•�® 4J-•. 111 K tnarine H . Oliver
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I APPLICANT:
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1111 N'9 %09 0 1O 0.:P0
r', op CO\OP> TITLE: OWNER
MyCommiss n E1pires 111102003
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Subscribed and sworn to before me this ' C day of ` ( r`_ll' {2.v i , 20 0 0.
My Commission expires: fj-(iL-I / ' )LL lli--'1,_
Notary Public
ill 1I- aCr3
BOARD OF COUNTY COMMISSIONERS
WEJ.D COUNTY, COLORADO
/Barbara J. rkme er, Chair' 11/15/2100)
,
. J. eile, Chair Pro-Tem
ATTEST: IO',til I �� L x
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► �1 1�, '+ ". `George Baxter
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Weld County Clerk to the B d �i - . — _-- '2 1117`O® Dale K. Hall
Deputy Clerk to the Board G'I) nn Vaad
APPROVED AS TO FORM: / ' — LC-- -
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�� get Ify Attorney
IIR1111111111111111NI III 1111111 III 1111111111111
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EXHIBIT " A
NAME OF SUBDIVISION: Meadow Vale Farm 3rd. Filing
LOCATION: PART OF SW 1/4 SEC. 4, T2N, R68 W
Intended to be legally bound, the undersigned Applicant hereby agrees to provide
throughout this subdivision and as shown of the subdivision final plat County
dated 19 , recorded on ,19 , in Book , Page No
, Reception No. , the following improvements
ITEM NO. OF UNITS U.G. TOTAL COST
ENGINEERING $25,000.00
ROUGH GRADING 10,000.00
SANITARY SEWER 55,000.00
WATER MAINS 100,000.00
DRAINAGE PIPE 10,000.00
CURB, GUTTER & SIDEWALK 36,000.00
ASPHALT PAVING 102,000.00
STREET SIGNS 1 ,500.00
SPRINKLING SYSTEM COMPLETED
LANDSCAPING 5,000.00
PARK LANDSCAPING AND SPRINKLER 20,500.00
ELECTRICAL 16,000.00
NATURAL GAS 9,000.00
TELEPHONE & CABLE TV 5,000.00
Total Estimate cost of improveements and supervision $395,000.00
The above improvements shall be constructed in accordance with all County requirements
and specifications, and conformance with this provision shall be determined solely by Weld
County, or its duly authorized agent.
Prior to the issuance of building permits on any phase, a Letter of Credit equal to that
portion of the improvements not completed as shown heron shall be provided to Weld
County.
Said improvements shall be completed according to the construction schedule set out in
Exhibit "B".
MEADOW VALE FARM, INC.
11111111111111111111111111111 III 1111111 III IIIII IIII IIII
2810569 12/01/2000 04:52P JA Suki Tsukamoto
9 of 11 R 0.00 D 0.00 Weld County CO
EXHIBIT "6"
Nane of Subdivision: MEADOW VALE FARM 3rd. FILING
Filing: 3rd Filing
Location: SW 1/4, Sec. 4, T2N, R68W
Intending to be legally bound, the undersigned Applicant hereby agrees to construct the
improvements shown on the final subdivision plat of Meadow Vale Farm Subdivision,
dated 19_, Recorded on ,19
in Book , Page No. , Reception No. , the following
schedule.
All improvements shall be completed within one year of final plat.
Construction of the improvements listed in Exhibit "A" shall be completed as follows:
Improvements Time of Completion
Engineering Dec. 2000
Rough Grading Jan. 2001
Sanitary Sewer Jan. 2001
Water Mains Dec. 2000
Drainage March 2001
Curb, Gutter and Sidewalk May 2001
Asphalt Paving June 2001
Landscaping July 2001
Utilities June 2001
• c/ Date 11/9/2000
K tharine H. Oliver
111111111111111111111111111111111111111111111111111
2810569 12/01/2000 04:52P JA Suki Tsukamoto
10 of 11 R 0.00 D 0.00 Weld County CO
The above improvements shall be constructed in accordance with all County requirements and speci ficat-,ons,
and conformance with this provision shall be determined solely by Weld County,or its duly authorized agent.
Said improvements shall be completed according to the construction schedu:e set out in Exhibit "B.'
By: A (/—^ / , /
Appl cant
KATI-jAnl”e N , OLIVEa_
Applicant
NER Date: //- 2 20O0 .
Title
(If corporation.to be signed by President and attested to by Secretary,together with corporate sea'.)
1 11111 11111 1111111 11111 1111 111 111111 111 111111 III IIII
181 10 1 1 R 0.00 D 0 00 Weld
56 12/01/2000
/0 0 52A Suki County CO amoto
10 Bayed 03/00
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