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Home My WebLink About860478.tiff RESOLUTION RE: APPROVAL OF SERVICE PLAN OF BEEBE DRAW FARMS METROPOLITAN DISTRICT 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, pursuant to the provisions of the "Special District Control Act" , Part 2 of Article 1 , Title 32 , C.R.S. , as amended, the Petitioners, who represent one hundred percent of the property owners within the proposed District, filed a Service Plan for the proposed Beebe Draw Farms Metropolitan District ("District") in Weld County, Colorado on April 11 , 1986; and WHEREAS, pursuant to the provisions of Sections 32-1-202 (1) and 32-1-204 (1) , C.R.S. , as amended , the Board of County Commissioners of Weld County, Colorado, scheduled a public hearing on the Service Plan to be held at 2: 00 p.m. on May 14 , 1986; and WHEREAS, notice of the date, time and location and purpose of said hearing was duly published in the Johnstown Breeze , a newspaper of general circulation , on April 24 , May 1 and May 8 , 1986; notice was provided to the Division of Local Government in the Department of Local Affairs of the name and type of the proposed District; and notice of the date , time and location of the said hearing was provided to the Petitioners, to the governing body of each municipality and of each special district which had levied an ad valorem tax within the next preceding tax year and which had boundaries within a radius of three (3) miles of the District, and to said Division, as required by Sections 32-1-202 (1) and 32-1-204 (1) , C.R.S. , as amended, and to the Weld County Planning Commission as required by Section 32-1-204 (2) , C.R.S. , as amended; and WHEREAS, the Weld County Planning Commission studied and considered the Service Plan at its meeting on May 6 , 1986 , at which time said Commission adopted a Resolution recommending approval of the Service Plan for various reasons as more specifically stated therein, which recommendation was subsequently presented to the Board of County Commissioners at its hearing on this matter by a representative of said Commission, as required by Section 32-1-204 (2) , C.R.S. , as amended; and WHEREAS, this Board has , on May 14 , 1986 , conducted a full public hearing on this matter , taking evidence establishing the jurisdiction of the Board to hear this matter and further taking evidence regarding the substantive issues set forth in Section 32-1-203 , C.R.S. , as amended, at which hearing all interested parties were afforded an opportunity to be heard; and SD00001 860478 is WHEREAS, this Board has fully considered the Service Plan and all testimony and other evidence presented to it in this matter relating to the Service Plan, including the favorable recommendation of the County Department of Planning Services. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado that: Section 1. The Board hereby determines that all of the jurisdictional and other requirements of Sections 32-1-202 and 32-1-204, C.R.S. , as amended, have been fulfilled, including those relating to the filing and form of the Service Plan, the form and publication of the public notice of the hearing on the Service Plan and the type of public hearing held herein. In that respect, the Board hereby finds that the Petitioners were not required to give postcard notification of the hearing pursuant to Section 32-1-204 (1. 5) , C.R.S. , as amended, because the Petitioners represent one hundred percent of the property owners within the proposed District. Section 2 . The Weld County Planning Commission has considered this matter as required by law and has recommended approval of the Service Plan without condition. Section 3 . Based upon the information contained within the Service Plan and evidence presented to the Board at the hearing, the Board hereby finds and determines as follows: a. There is sufficient existing and projected need for organized services of the nature proposed in the Service Plan in the area to be serviced by the proposed District; b. The existing services in the area to be served by the proposed District are inadequate for present and projected needs; c. The proposed District is capable of providing economical and sufficient services to the area within its proposed boundaries; d. The area to be included within the proposed District will have the financial ability to discharge the proposed indebtedness on a reasonable basis; e. Adequate services are not and will not be available to the area through Weld County, or other municipal or quasi-municipal corporations, including special districts, within a reasonable time and on a comparable basis; 860478 f. The facilities and service standards of the proposed District are or will be compatible with the facilities and service standards of Weld County and of each municipality and special district which is an interested party hereto; g. The Service Plan is in substantial compliance with the Weld County Master Plan; and h. The creation of the proposed District will be in the best interest of the area proposed to be served. Section 4. The Service Plan of the proposed District, to include water, roads, storm drainage, safety protection, parks and recreation at this time and television relay and translation, transportation and mosquito control at some future time, be and is hereby approved without condition. Section 5. The Clerk to the Board is hereby directed to advise the Petitioners in writing of this action and to attach a certified copy of this Resolution for the purpose of filing the same with the District Court of Weld County. Section 6. All Resolutions, or parts thereof, in conflict with the provisions hereof, are hereby repealed to the extent of such conflict only. Section 7 . This Resolution, immediately upon its passage, shall be authenticated by the signatures of the Board of County Commissioners and the County Clerk and Recorder and sealed with the corporate seal of the County. The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 14th day of May, 1986. BOARD OF COUNTY COMMISSIONERS ATTEST: { ' WELD COUNTY, COLORADO Weld County erk and Recorder and Clerk to the Board EXCUSED Jacque, i "Johnson, Chairman D4puty County Clerk G r Lac , 6-Tem APPROV AS TO FORM: Gene R. Brant er County Attorney C. W. ' rby Frank Yamaguc 860478 AR2050145 BOARD OF COUNTY COMMISSIONERS, COUNTY OF WELD, COLORADO Case No. PETITION FOR APPROVAL OF SERVICE PLAN IN RE THE ORGANIZATION OF BEEBE DRAW FARMS METROPOLITAN DISTRICT To: The Board of County Commissioners of the County of Weld, State of Colorado Pursuant to the provisions of the Special District Act, more particularly, Section 32-1-202, C.R.S. , as amended, the persons proposing the organization of the Beebe Draw Farms Metropolitan District in Weld County, Colorado, who represent one hundred percent of the property owners, by their attorneys, Collins and Cockrel, P.C. , submit the Service Plan of said proposed District and respectfully petition the Board of County Commissioners of the County of Weld for a Resolution of Approval, and certain other preliminary actions relating thereto, for said proposed District. In support of this Petition, the Petitioners state: 1. That on April 14 , 1986, there was filed with the County Clerk and Recorder for the Board of County Commissioners of Weld County the Service Plan for the proposed Beebe Draw Metropolitan District. 2 . That said Service Plan fully complies with all provisions of Part 2 of the Special District Act, more particu- larly, Section 32-1-202 (2) , C.R.S. , as amended. 3 . That the maximum processing fee required by law (i.e. $200. 00) was filed with the Service Plan. 4 . That submittal of postcard notification pursuant to the provisions of Section 32-1-204 (1. 5) , C.R.S. , as amended, is not required because the Petitioners represent one hundred percent of the property owners within the proposed District. B 1109 REC 02050145 04/16/86 16: 31 $0. 00 1/002 F 1429 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO WHEREFORE, the Petitioners request the Board of County Commissioners to enter such orders as may be necessary or proper preliminary to, and in connection with, a Resolution of Approval of the Service Plan of the proposed Beebe Draw Farms Metropolitan District, including providing written notice of the hearing to all interested parties and making publication of the hearing as required pursuant to Section 32-1-204 (1) , C.R.S. , as amended, and submitting the appropriate report to the Division of Local Government in the Colorado Department of Local Affairs pursuant to Section 32-1-202 (1) , C.R.S. , as amended. COLLINS D COCKREL, P.C. By: awe Paul R. Cockrel, Attorneys for the Proposed Beebe Draw Farms Metropolitan District 445 Union Boulevard, Suite 129 Denver, Colorado 80228 Telephone: (303) 986-1551 B 1109 REC 02050145 04/16/86 16 : 31 $0.00 2/002 F 1430 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO BEEBE DRAW FARMS METROPOLITAN DISTRICT SERVICE PLAN April 1986 AR2050146 BEEBE DRAW FARMS METROPOLITAN DISTRICT SERVICE PLAN WEI n *+ ` i � lq 'I' APR 1 4 1986 Prepared by: Collins and Cockrel, P.C. 445 Union Boulevard, Suite 129 Denver, Colorado 80228 Attorneys Prudential Bache Securities 370 Seventeenth Street, 39th Floor Denver, Colorado 80202 Financial Advisors Landmark Engineering, Ltd. 2300 West Eisenhower Boulevard Loveland, Colorado 80537 Engineering Consultant for Water ARIX Engineering 800 Eighth Avenue Greeley, Colorado 80632 Engineering Consultant for Roads and Drainage Beebe Draw Land Company, Ltd. 1551 Larimer Street, Suite 2706 Denver, Colorado 80202 B 1109 REC 02050146 04/16/86 16: 33 $0. 00 1/094 F 1431 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO rya BEEBE DRAW FARMS METROPOLITAN DISTRICT SERVICE PLAN TABLE OF CONTENTS I. SERVICE PLAN SUMMARY A. Location and Development B. Need for Metropolitan District C. District Policy and Operation D. Other Services 1. Electricity 2 . Telephone 3 . Sewage Disposal 4 . Fire Protection 5. Schools 6. Miscellaneous Services II. DISTRICT SERVICES AND FACILITIES A. Water 1. Treated Water Supply 2 . Service Standards 3 . Costs of Water System 4 . Water Rights and Expansion B. Roads, Drainage and Safety Protection 1. Phase I Road Construction 2 . Phase II Road Construction 3 . Phase III Road Construction 4. Entrance and Gatehouse Facility B 1109 REC 02050146 04/16/86 16: 33 $0. 00 2/094 F 1432 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO C. Parks and Recreation 1. Clubhouse, Swimming Pool and Tennis Courts 2 . District Office Building 3 . Harbor and Small Boat Marina 4 . Beach Recreation and Picnic Areas 5. Equestrian Center a. Indoor Arena b. First Stable Area c. General Purpose Outdoor Arena d. Wash and Vet Facility e. Hay Storage and Equipment Building D. Television Relay and Translation E. Transportation F. Mosquito Control III. Cost Summary of District Facilities IV. Financial Plan A. Revenue Projections and Policies 1. Growth Projections and District Population 2 . Assessed Valuations 3 . Property Taxes 4 . Water Tap Fee 5. Developer Fee 6. Water Service Charges 7 . User Fees ii B 1109 REC 02050146 04/16/86 16: 33 $0. 00 3/094 F 1433 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO B. Operational Expenses C. Indebtedness 1. Issuance of Bonds 2 . Debt Service 3 . Schedule of Bonded Indebtedness D. Financial Plan V. Conclusion VI. TABLES 1. Survey of Road Construction Costs 2 . Construction Costs of District Facilities (By Phase) 3 . Population Changes by Distance From District (1970-1981) 4 . Population and Household Projections for Region (1980-1995) 5. Estimate of District Population 6. Assessed Valuations for Various Taxing Agencies Within Weld County 7 . Estimate of District Assessed Valuations 8. Estimate of District Operational Expenses 9 . Schedule of Bonded Indebtedness VII. APPENDIX A. Legal Description of Beebe Draw Farms Metropolitan District B. Road Maintenance and Improvement Agreement Between Weld County, Beebe Draw Farms Property Owners Association and Beebe Draw Land Company, Ltd. iii B 1109 REC 02050146 04/16/86 16 : 33 $0. 00 4/094 F 1434 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO C. Agreement Between Central Weld County Water District and Beebe Draw Land Company, Ltd. Concerning Domestic Potable Water Service D. Landmark Engineering Ltd. Letter Re: Cost Estimates for Water System E. Phase I Water System Cost Estimates F. Phase II Water System Cost Estimates G. Phase III Water System Cost Estimates H. Phase I Road Construction Cost Estimates I. Phase II Road Construction Cost Estimates J. Phase III Road Construction Cost Estimates K. ARIX Engineering Letter Re: Cost Estimates for Phases I, II and III Road Construction L. Prudential Bache Securities Letter Re: District Financing M. Sources and Use of Bond Funds N. Financial Plan VII. FIGURES Figure 1: Location Map of Beebe Draw Farms Metropolitan District Figure 2 : Vicinity Map of Beebe Draw Farms Metropolitan District Figure 3 : Boundary Map of Beebe Draw Farms Metropolitan District and Road Improvements Figure 4: Water System Survey Figure 5: Recreational Facilities Figure 6: Bond Projects by Phase/Series r iv B 1109 REC 02050146 04/16/86 16: 33 $0. 00 5/094 F 1435 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO BEEBE DRAW FARMS METROPOLITAN DISTRICT I. SERVICE PLAN SUMMARY A. Location and Development The Beebe Draw Farms Metropolitan District (herein referred to as the "District") will consist of approximately 4, 100 acres of land located in southwest Weld County, Colorado, approximately six miles east of Platteville and nine miles south of Greeley. It is accessible from U.S. Highway 85 on the west via Weld County Road 32 and from the north by either Weld County Road 39 or Road 43 . The District is centrally located between Denver, thirty-five miles to the south, and Fort Collins, thirty-five miles to the north. A location map of the District is shown in Figure 1. A vicinity map of the District is shown in Figure 2 . A boundary map of the District is shown in Figure 3 (inserted in the pocket part hereto) . The legal description of the District _ is set forth in Appendix A. The District will provide various public services to a population of 1, 750 permanent residents living in 700 single-family residences to be constructed in the planned unit development known as Beebe Draw Farms and Equestrian Center (herein referred to as the "Development") . The Development, scheduled to be completed in three phases, will, in conjunction with the District, offer residents a complete Olympic caliber equestrian center, various water recreational facilities on Milton Reservoir, and greenbelt areas with over forty miles of B 1109 REC 02050146 04/16/86 16: 33 $0. 00 6/094 F 1436 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO hiking, riding and training trails. Beebe Draw Farms and Equestrian Center includes approxi- - mately 4, 100 acres in the planned unit development area. There are also approximately 1, 389 deeded acres that will be maintained as an operating farm by the owners thereof and an additional 2 ,285 acres that are leased from the Farmers Reservoir and Irrigation Company, bringing the total Development area to 7 ,755 acres. The leased land contains Milton Reservoir (approximately 800 surface acres of water) and a buffer perimeter around it. The Development is situated in an area just to the east of the northern Front Range/U.S. Highway 287 corridor, which is experiencing both rapid economic and population growth as a result of expanding high technology industries locating nearby. Currently, there are no other developments in the area offering residents such amenities as those available at Beebe Draw Farms and Equestrian Center. Major facilities and services provided by the District will include the equestrian center with boarding stables, boating facilities and fishing on Milton Reservoir, and a clubhouse with tennis courts and outdoor swimming pool. The owners of the Development, Beebe Draw Land Company, Ltd. (herein referred to as the "Developer") , have taken substan- tial measures to protect the natural features of the land within the Development, and District facilities will be con- structed to harmonize with the land and compliment its natural features. Planned improvements within the Development and the District represent a careful blend of residential and recrea- 2 CC. k . k r:77 B 1109 REC 02050146 04/16/86 16 : 33 $0. 00 7/094 F 1437 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO tional uses which are compatible with the surrounding agricul- tural land and are within the intent and guidelines of the Weld County Comprehensive Plan concerning land use. The final PUD Plan and Final Zoning Plat approved by Weld County designated land within the District for mixed residential and recreational use. Total development of land within the District is expected to take place over seven to ten years, with development phases planned for the orderly absorption of population with the economical construction of public improvements and the provision of services by the District. Directors of the District will authorize these improvements in a timely manner which assures that the phased development of District facilities is consistent with the phased development of the Beebe Draw Farms and Equestrian Center PUD as demonstrated by the Final PUD Plan and Final Zoning Plat already approved and on file with Weld County. B. Need for Metropolitan District The purpose of the District is to provide its estimated 1,750 residents and others within the District with certain critical public services: namely, domestic water supply, road construction and maintenance, storm drainage, safety protection, parks and recreational facilities, television transmission and relay, transportation, and mosquito control. Since the area consists primarily of undeveloped land, centralized domestic water and other proposed public services have not previously been required and are not available within the District at this time. r. ,..-ry.el B 1109 REC 02050146 04/16/86 16: 33 $0. 00 8/094 F 1438 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO As development occurs in the future, however, there clearly emerges a need for these organized public services and for a governmental authority to plan, coordinate, finance, construct and maintain these necessary public services. The State Legislature, as provided in Article 1, Title 32 , C.R.S. , as amended, has recognized that a metropolitan district can promote the comprehensive planning of community needs, provide a program of governmental debt financing to equitably distribute the costs of public services within the benefitted area over a longer period of time, and operate and maintain public facilities for the long-term use of District residents. Presently there is no municipal or quasi-municipal corporation, including existing special districts, or other public or private entity in the area, including the County, which could provide all the services and facilities necessary to serve those persons who will be residing or owning property within the Beebe Draw Farms community within a reasonable time and on a comparable basis. Additionally, through the financing arrangements described in Section IV of this Service Plan, certain financial liabilities associated with infrastructure financing will rest upon the owners and Developers of the property within the District. Developer guarantees of the financial integrity of District bonded indebtedness, along with Developer contributions toward infrastructure improvements constructed by the District, should obviate any concern of unreasonable financial burdens on future property owners. 4 -pi B 1109 REC 02050146 04/16/86 16 : 33 $0. 00 9/094 F 1439 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO _ C. District Policy and Operation The District will be formed and operated pursuant to the Special District Act of the State of Colorado, Article 1, Title 32 , C.R.S. , as amended. Rules, regulations, and operational policies will be formulated by the Board of Directors in order to promote the health and welfare of the District' s residents, to accomplish the safe and economical operation of the District and its facilities, and to assure the retirement of District bonded indebtedness. The District will construct, operate and maintain the public water distribution system, roads, storm drainage facilities, landscaped right of way improvements, parks, and recreational facilities situate within its boundaries. Treated water, supplied by Central Weld County Water District (hereinafter referred to as the "Water District") , will be distributed to users within the District and will conform to applicable stand- ards of the Water District and the Colorado State Department of Health. Roads within the District will be constructed to Weld County standards and will be maintained by the District. In accordance with the terms of that certain Road Maintenance and Improvement Agreement, dated April 3, 1985, a copy of which is attached as Appendix B, the District will also accept responsibility for the temporary maintenance of eight miles of Weld County Roads between U.S. Highway 85 at Platteville, Colorado and the District' s boundaries and will upgrade these roads to a County standard asphalt road when development within 5 pcW an B 1109 REC 02050146 04/16/86 16: 33 $0. 00 10/094 F 1440 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO the District has reached one hundred homes, at which time the County will assume all maintenance responsibilities. Drainage improvements within the District will be constructed to Weld County standards where they are part of the road system and will be maintained by the District. D. Other Services Other public services will be supplied by private and governmental entities, already in existence, including the following: 1. Electricity. Union Rural Electric Association includes the Development within its certified service area and will supply electrical service to the Development pursuant to the rules of the Public Utilities Commission. 2 . Telephone. Mountain Bell Telephone Company includes the Development within its certified service area and will supply telephone service to the Development pursuant to the rules of the Public Utilities Commission. 3 . Sewage Disposal. Sewage disposal within the Development will be by individual septic systems installed privately in accordance with regulations of the County and State Health Departments. 4 . Fire Protection. Fire protection services are presently being provided to the area by the LaSalle Fire Protection District and will continue to be provided to the area by this District. 611( B 1109 REC 02050146 04/16/86 16: 33 $0. 00 11/094 F 1441 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO 5. Schools. The Weld County RE-1 School District includes the Development within its boundaries. 6. Miscellaneous Services. Weld County will provide law enforcement, building inspection, animal control and other general services to the Development area. In the event that the costs of law enforcement and safety protect- ion services exceed the general property tax revenue forthcoming to Weld County, the Beebe Draw Law Enforcement Authority will pay for the difference in the cost of such services on a per call basis. B 1109 REC 02050146 04/16/86 16: 33 $0. 00 12/094 F 1442 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO 7 ;)t,' nryri II. DISTRICT SERVICES AND FACILITIES A. Water The District will supply potable water to all properties within the District. Treated water will be purchased from the Water District in accordance with the terms of a written Agree- ment for water service, which has been ratified by both the Water District and the Developer, and furnished to users through a District operated water distribution system. The Agreement with the Water District may, by its terms, be assigned to the District, which was anticipated by the parties at the time of ratification thereof. Further, the Agreement recognizes that, at a future date when financially and legally appropriate, water service operations of the District may be consolidated with the Water District. A copy of the Agreement with the Water District is attached as Appendix C. A survey of the proposed water distribution system is shown as Figure 4 (inserted in the pocket part hereto) . 1. Treated Water Supply. Treated water will be supplied to the District by the Water District from its Storage Tank No. 2 , the contact point for the water distribution system extension projected to serve the District. Storage Tank No. 2 has a capacity of 750, 000 gallons and is located in the Southwest Quarter of Section 32, Township 4 North, Range 66 West, which is 8 r . ryrI B 1109 REC 02050146 04/16/86 16 : 33 $0. 00 13/094 F 1443 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO approximately one-quarter mile north of the northwest corner of the District. Water facilities necessary to bring water into the District include a booster pump station adjacent to Storage Tank No. 2 and a twelve-inch diameter transmission main. The internal water distribution system will be looped with mains ranging in size from six inches to twelve inches. 2 . Service Standards. The estimated maximum day demand of all users, which is not anticipated to occur prior to full development, has been used by the District's engineer to size transmission and distribution mains and to evaluate the adequacy of treated water storage. The estimated annual demand of all users has been used by the District's engineer to determine water right requirements. The total number of dwelling units anticipated within the District is 700 single-family residential units with an estimated average of 3 .5 residents per dwelling unit (for water planning purposes) . The average usage per capita is estimated to be 100 gallons per day, with maximum day residential usage estimated to be 200 gpd. The total maximum day usage is estimated to be 490, 000 gallons. All water system improvements will be installed in accordance with the construction standards of, and plans and — specifications approved by the Water District. After installation, the water distribution system will be operated B 1109 REC 02050146 04/16/86 16 : 33 $0. 00 14/094 F 1444 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO and maintained by the District in accordance with service standards of the Water District Under the Agreement with the Water District, the Developer or the District (as assignee thereunder) will make advance capital fee payments in the amount of $142 , 000 to secure seventy-one 5/8" x 3/4" water taps for the first phase of the Development. Plant Investment Fees in the amount of $80, 000 will be paid for the first fifty water taps. The Water District has contractually committed to serve the entire First Filing of the Development (214 dwelling units) . The remainder of water demand within the Development will be satisfied from water supplies available in the Windy Gap or Colorado Big Thompson Projects, or other raw water supply acceptable to and to be acquired by either the District (as assignee) or the Water District, at the cost of the District, as more specifically set forth in the Agreement with the Water District. 3 . Costs of Water System. The cost of constructing the entire water transmission and distribution system to serve all users within the District is estimated by the District's engineer to be $2 , 370, 825. See Appendix D. The estimated cost of constructing the water system in Phase I is $786,825. See Appendix E for detailed construction costs. The estimated cost of constructing the water system in Phase II is $610,900. See Appendix F for detailed construction costs. 10 B 1109 REC 02050146 04/16/86 16: 33 $0. 00 15/094 F 1445 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO The estimated cost of constructing the water system in Phase III is $973, 100. See Appendix G for detailed construction costs. 4 . Water Rights and Expansion. Water rights needed to meet service demands can be purchased by the District from various sources "as needed" for transfer to the Water District. Pursuant to the terms of the Agreement between the Water District and the Developer, the Water District may also acquire water rights for the District, which the District may then purchase by payment of standard raw water fees as established by the Water District. The water distribution system within the District will be owned and maintained by the District during the develop- ment stages. As set forth in the Agreement with the Water District, the District's water system may eventually be consolidated with that of the Water District, once clear of financial obligations. It is the intent of the District to provide complete and high quality domestic water service to users within the District from a proven and adequate source, namely, the Water District. As stated previously, all due attention will be given to the adequacy of design and construction of the water system, proper operating pressures, delivery techniques, and protection from freezing. 11 B 1109 REC 02050146 04/16/86 16: 33 $0. 00 16/094 F 1446 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO B. Roads, Drainage and Safety Protection. The District will construct, own and maintain roads and storm drainage facilities within its boundaries unless the County requests dedication thereof, in whole or in part. The District will also have the power to install safety protection signs, lights and related facilities to aid safe traffic movement as necessary and required by the County. A survey of District road improvements by phase is shown as Figure 3 (inserted in the pocket part) . The District will construct exterior County access roads and interior District service roads in three phases as follows: 1. Phase I Road Construction. Phase I will consist of construction within the First Filing of the Development and is composed of Beebe Draw Farms Parkway from the Development's Main Entrance to the Equestrian Center, approximately 7 , 000 feet of major collector roadway, approximately 35, 000 feet of minor collector roadways, approximately 9,750 feet of cul-de-sac roadways and related storm drainage improvements. The major collector road will be of gravel construction, thirty-six feet in width, with eight foot shoulders. Minor access roads will also be of gravel construction with widths of twenty-four feet or thirty-two feet. Cul-de-sacs will also be of gravel construction, twenty-four feet in width. Drainage structures will be corrugated metal pipe culverts ranging in sizes from eighteen inch diameters to 66" x 51" in dimen- 12 ,r• yr B 1109 REC 02050146 04/16/86 16: 33 $0. 00 17/094 F 1447 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO sion. The estimated cost of constructing roadway and related facilities in Phase I is $434, 200. See Appendix H for detailed construction costs. 2 . Phase II Road Construction. Phase II will consist of construction within the Second Filing of the Development and is composed of approximately 5, 000 feet of major collector roadway, approximately 32, 000 feet of minor collector roadways, approximately 9, 000 feet of cul-de-sac roadways and related storm drainage improvements. Also included under Phase II is the rebuilding of approximately eight miles of existing Weld County Roads 32 and 39 between Platteville, Colorado and the Development in accordance with the terms of the Road Maintenance and Improvement Agreement, which may be assigned to the District for performance of all obligations set forth therein. The major collector road will be of gravel construc- tion, thirty-six feet in width with eight foot shoulders. Minor access roads will also be of gravel construction with widths of twenty-four feet and thirty-two feet. Cul-de-sacs will also be of gravel construction, twenty-four feet in width. Drainage structures will be corrugated metal pipe culverts ranging in sizes from eighteen inch to thirty-six inch diameters. Phase II includes reconstruction work and upgrad- ing of eight miles of existing Weld County Roads 32 and 39 in accordance with AASHTO and Colorado Department of Highway 13 Cy. r 7-1 B 1109 REC 02050146 04/16/86 16: 33 $0. 00 18/094 F 1448 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO standards in effect at the time plans for reconstruction are prepared. The roads to be improved are approximately six and one-half miles of Weld County Road 32 from the east city limits of Platteville to the intersection of Weld County Road 39 and approximately one and one-half miles of Weld County Road 39 from the intersection of Weld County Road 32 to the main entrance of the Development. Work to be performed by the District will include roadway design, construction of base and pavement, necessary utility relocations, and inspections as specified in the Road Maintenance and Improvement Agreement. This work does not include reconstruction of drainage structures, utility easements or relocations, right of ways or traffic control devices. The estimated cost of constructing roadways and related facilities in Phase II is $1,750, 000 for Weld County Roads and $485, 600 for District roads. See Appendix I for detailed construction costs. 3 . Phase III Road Construction. Phase III will consist of construction within the Third and Fourth Filings of the Development and is composed of approximately 51, 000 feet of minor collection roadways and approximately 14 , 000 feet of cul-de-sac roadways, plus related storm drainage improvements. All roadways will be of gravel construction. Minor collectors will be twenty-four feet and thirty-two feet in width. Drainage structures will be corrugated metal 14 B 1109 REC 02050146 04/16/86 16 : 33 $0. 00 19/094 F 1449 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO pipe culverts ranging in sizes from eighteen inch to thirty-six inch diameters. The estimated cost of construct- ing roadways and related facilities in Phase III is $681, 100. See Appendix J for detailed construction costs. Table No. 1 is a summary of estimated roadway construction costs by phase, including drainage structures and related improvements, as estimated by the District' s engineer. See Appendix K. TABLE NO. 1 Summary of Road Construction Costs Phase I - Interior Roads $ 434, 200 Phase II - Weld County Roads $1,750, 000 Interior Roads $ 485, 600 Phase III-Interior Roads $ 681, 100 Total Costs $3, 350,900 4. Entrance and Gatehouse Facility. The Beebe Draw Farms Entrance and Gatehouse Facility will be located on Weld County Road 39 at the western boundary of the District and will provide the principal roadway access to the District. The 200 square foot Gatehouse structure will be approximately 9 ' x 22 ' and will be constructed with covered porticos for one lane of the entry and exit drives. The building structure will be wood frame with moss rock veneer and wood shake roof. A change in road surface will be provided by patterned 15 "�S..:..,:."4' _: e� B 1109 REC 02050146 04/16/86 16: 33 $0. 00 20/094 F 1450 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO cobblestone concrete installed at the drive through entry/exit. The Developer' s estimated cost of constructing the Gatehouse structure and concrete paving, including fencing, signage and lighting, is $27,500. Landscaping at the entrance will include moss rock, bermed ground cover plantings, and a mix of evergreen and deciduous trees covering an area of approximately five fully landscaped acres. The Developer' s estimated cost of landscaping, including irrigation, is $15, 000. Other landscaping associated with both roadway and recreation facilities includes plantings at strategic points along parkways and landscaping at the clubhouse, marina, beach and parks. The Developer's estimated cost of additional landscaping within all three phases is $107,500. C. Parks and Recreation. 1. Clubhouse, Swimming Pool and Tennis Courts. The District clubhouse will be located at the crest of a knoll at the northwest corner of the Milton Reservoir and will be utilized for recreational programs and community meetings. The proposed two-level clubhouse structure, as presently planned, will have a vaulted ceiling with 2120 square feet of open area on the main floor and 2120 square feet of game room space at the walk-out level to the pool deck. The structure will be constructed of concrete foundation walls, wood framing, combination moss rock/cedar siding and a wood shake pitched roof. Two moss rock 16 B 1109 REC 02050146 04/16/86 16: 33 $0. 00 21/094 F 1451 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO fireplaces and a central skylight at the roof apex, galley kitchen, small office and men's and women's restrooms provide interior features. Adjacent to the clubhouse site will be a 20 ' x 45 ' swimming pool, outdoor whirlpool/spa, outdoor sheltered shower bays, and two tennis courts. All facilities will be constructed in accordance with County code requirements. A parking lot adjacent to the clubhouse will provide space for thirty cars. The Developer's estimated cost of the clubhouse, swimming pool and tennis courts is approximately $250, 000. 2 . District Office Building. A District office building will be located east of the Gatehouse entry on the east-west main arterial drive, Beebe Draw Farms Parkway. The office building, as currently planned, will contain a garage bay for a fire truck (to be housed there by the Developer to reduce response time by the Fire Protection District) , an administrative office, three maintenance equipment bays, and a second level residential apartment unit for District personnel. The building structure will be wood frame with a combination of wood siding and moss rock similar to the Gatehouse. The building has not yet been designed, but the Developer' s estimated cost of constructing the office building is $150, 000. 17 B 1109 REC 02050146 04/16/86 16: 33 $0.00 22/094 F 1452 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO 3 . Harbor and Small Boat Marina. The natural tree lined harbor on Milton Reservoir below the Clubhouse site is to be improved by cleaning and dredging the south half of the approximately ten- acre cove. The shoreline will be finished with boulder rip-rap. As many standing trees will be retained as possible. A boat launching ramp, ten floating small boat slips, and parking area will be constructed in Phase I improvements. The balance of the dredging and an additional ten slips will be added in Phase II improvements. A covered shelter and picnic area will be built on about five acres of the high ground adjacent to the marina on the south, and the beach will be improved. The Developer's estimated cost of dredging the harbor and constructing the small boat marina is $120, 000. 4 . Beach Recreation and Picnic Areas. Approximately twenty acres of beach and park area on Milton Reservoir will be improved for use by District residents. Some sand dredging and filling at the beach will be completed in Phase I improvements. A gravel parking area will be built, picnic and barbecue stations will be installed, and game areas for volleyball, horseshoes and other beach activities will be installed in later phases. The Developer' s estimated cost of constructing these beach recreation and picnic areas is $25, 000. : `• " B 1109 REC 02050146 04/16/86 16: 33 $0. 00 23/094 F 1453 MARY ANN FEOERSTEIN CLERK & RECORDER WELD CO, CO - 5. Equestrian Center. The Equestrian Center is planned as the focal point of District recreational activities and to take advantage of the growing demand for equestrian related activities in northeast Colorado. The site provides ideal conditions in terms of terrain, altitude, and climate for various equestrian events of all types, including cross country, steeple chase, and endurance events, where natural obstacles become part of the course. Planned to meet the stringent requirements of international equestrian associations, portions of the Equestrian Center, including the four two-mile cross country courses and the dressage and stadium jumping arenas, will be completed by the Developer prior to the formal organization of the District and will be acquired and operated as a District facility. It is anticipated that the Equestrian Center will host local, state, regional and national events and will provide exceptional equestrian facilities for those persons desiring to reside within the Development or to utilize its unique facilities. a. Indoor Arena. A 120 ' x 320 ' x 16 ' high steel clear span building will provide an enclosed year-round general activities center for the community. Uses of the Arena include equestrian events, breed shows for various societies, 4H and Pony Club activities, and other community programs. The arena will be designed to provide bleacher seating for two hundred people and 19 B 1109 REC 02050146 04/16/86 16: 33 $0. 00 24/094 F 1454 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO can be expanded. The west end of the arena building, as currently planned, will be a 20' x 20 ' two-story, conventional construction section containing the entrance with space for concession facilities and toilets on the ground floor. The second floor will contain an office, classroom, and enclosed viewing area of the arena. The Developer' s estimated cost of constructing the indoor arena is $293, 000. b. First Stable Area. The first stable area will include two twenty-horse stable blocks, each 36 ' x 150 ' x 10' steel buildings, with twenty 12 ' x 12 ' horse stalls inside and twenty 12 ' x 30' outside horse runs on each side. Each stable will include a tack room, storage area and feed room with outside delivery doors. Initial indoor horse capacity will be forty and an additional forty can be accommodated in the outside runs. The Developer's estimated cost of constructing the stable area is $140, 000. c. General Purpose Outdoor Arena. A general purpose outdoor arena will be provided for roping and other Western events, English competition and training events. This arena is located in a natural amphi- theater so seating will be on the hillside. The Developer' s estimated cost of constructing the outdoor arena is $12 , 000. 20 1 B 1109 REC 02050146 04/16/86 16: 33 $0.00 25/094 F 1455 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO d. Wash and Vet Facilities. One 20 ' x 50 ' steel building will be constructed to accommodate two toilet rooms, a 10 ' x 10 ' enclosed veterinary room, a roofed and two-sided farrier shop, and a three-sided and roofed area for multi-horse wash-rack. The Developer' s estimated cost of constructing this facility is $20, 000. e. Hay Storage and Equipment Building. This building will consist of a steel construction 80 ' x 100 ' area for hay and equipment storage. The Developer' s estimated cost of constructing this building is $30, 000. The total estimated cost of constructing the Equestrian Center is $495, 000. The District plans to operate the Equestrian Center by contracting facilities and programs to a qualified private operator, at least initially, until adequate programs can be established. Some initial subsidy by the District may be necessary to achieve the desired level of services. User fees will be charged for use of these public facilities with prefer- ential fees for property owners within the District. A survey of District parks and recreational facilities is shown as Figure 5 (inserted in the pocket part) . D. Television Relay and Translation. The District shall have the power to install television relay and translator facilities to beam signals to all properties within the District and/or to assist as appropriate, in the 21 fr"r1 B 1109 REC 02050146 04/16/86 16: 33 $0.00 26/094 F 1456 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO coordination of cable television services. Television relay and translator facilities, if requested by District electors, would increase property values within the District. Accordingly, the District will be authorized to provide such service and the financing of necessary facilities but does not plan to immed- iately implement such service. E. Transportation. Metropolitan districts are granted statutory authority to provide transportation services to their constituents. While no specific plans have been presently formulated to provide trans- portation services, it is anticipated that opportunities may arise in the future to construct, in conjunction with other transportation authorities, regional park and ride and related transit facilities. Accordingly, the District will be authorized to provide transportation services and the financing of necessary facilities, with electoral approval, but does not plan to immediately implement such services. F. Mosquito Control. If in the future mosquito control becomes a problem to the public health, the District shall have the power to respond to such problem as necessary. Accordingly, the District will be authorized to provide mosquito control services but does not plan to immediately implement such service. 22 B 1109 REC 02050146 04/16/86 16: 33 $0. 00 27/094 F 1457 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO III. Cost Summary of District Facilities TABLE NO. 2 Cost of District Facilities (by Phase) Phase I Phase II Phase III Water System $786,825 $ 610, 900 $ 973 , 100 Water Acquisition 232 , 000 Roads, Drainage, etc. 434, 200 2, 235, 600 681, 100 Entrance/Gatehouse 42 ,500 Landscaping 107, 500 Clubhouse, Swimming Pool, Tennis Courts 250, 000* District Office Building 150, 000* Harbor, Marina 60, 000 60, 000 Beach 25, 000 Equestrian Center 495, 000 Land Acquisition 2, 000, 000 Engineering 143 , 500 272, 200 182, 600 Miscellaneous 30, 975 13 .800 13 ,200 Total Costs $4, 650, 000 $3 , 300, 000 $1, 850, 000 *Projects may be deferred depending upon development. 23 ty 7' B 1109 REC 02050146 04/16/86 16: 33 $0. 00 28/094 F 1458 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO IV. Financial Plan A. Revenue Projections and Policies. 1. Growth Projections and District Population. The four-county region of Boulder, Larimer, Weld and Adams, within a 35 mile radius of the District, grew 43% in population during the 1970 's compared to Colorado' s 31% growth during that same time period. Population growth in this area is a direct result of new jobs provided by the many high tech employers, such as Hewlet Packard, Eastman Kodak, Anheuser Busch, NCR, Union Carbide and IBM, locating in the region. All within a reasonable commuting distance from the Development via Interstate 25 and Colorado Highway 85, these companies are locating in the northern Front Range corridor because of the good quality of life, bringing new money into the local economy, and creating employment opportunities. Table No. 3 represents geographic population changes by distance from the District for the years 1970 and 1980. The overall population growth rate for the area from 1970 to 1980 was 65% or 6. 5% per year. In terms of major cities, the rates of growth for Greeley, Boulder, Fort Collins and Northglenn were below average, and Longmont, Loveland, Broomfield, Thornton and Westminster had rates of growth considerably above average. 24 B 1109 REC 02050146 04/16/86 16: 33 $0. 00 29/094 F 1459 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO TABLE NO. 3 Population Chanties By Distance From District (1970-1980) Population Population Percent Change 1980 1970 Within 15 Mile Radius Greeley 53 , 006 38,902 36% Evans 5, 063 2 , 570 97% Fort Lupton 4, 251 2 ,489 71 Within 20 Mile Radius Brighton 12,773 8, 309 54% Dacono 2 ,321 360 545% Within 25 Mile Radius Longmont 42, 942 23, 209 85% Loveland 30,244 16,220 86% Windsor 4,277 1, 564 173% Berthoud 2, 362 1, 446 63% Within 30 Mile Radius Northglenn 29, 847 27, 785 7% Lafayette 8,985 3 ,498 156% Within 35 Mile Radius Boulder 76, 685 66, 870 15% Broomfield 20, 730 7, 261 185% Commerce City 16, 234 17, 407 -7% Fort Collins 65, 092 43, 337 50% Louisville 5, 593 2 , 409 132% Thornton 40, 343 13 , 326 202% Westminster 50,211 19,512 157% Source: "Feasibility Study for Beebe Draw Farms and Equestrian Center" , prepared by Rosall Remmen Cares, Denver, Colorado, April 1985. 25 1 '1,, 9 B 1109 REC 02050146 04/16/86 16: 33 $0. 00 30/094 F 1460 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO Because of declining average household size, the rate of increase for new households was higher than for population growth. The growth of households from 1970 to 1980 increased 89% or 8.9% per year. Similarly, the percent of new households in Greeley, Boulder, Fort Collins and Northglenn was below the regional average, while Longmont, Loveland, Broomfield, Thornton and Westminster showed higher rates of household growth. Using past growth trends, regional building permits issued from 1980 to 1983 , and consequent population estimates with slightly declining household sizes, Table No. 4 projects population growth, household growth, and household size for the region from 1960 to 1980. TABLE NO. 4 Population and Household Projections for Region (1980 - 1995) Year Population Households Average Household Size 1960 153 , 697 --- 1970 279, 067 87, 389 3 . 2 1980 459, 897 166,441 2 .9 1985 526, 582 204, 275 2 . 7 1990 605,569 238, 181 2 . 6 1995 681, 266 271,299 2 . 5 Source: "Feasibility Study for Beebe Draw Farms and Equestrian Center" , prepared by Rosall Remmen Cares, Denver, Colorado, April 1985. 26 B 1109 REC 02050146 04/16/86 16 : 33 $0. 00 31/094 F 1461 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO With these demonstrated and projected increases in popu- lation regionally, there will be intensified demand for housing -- within the Development and for organized public services and facilities which do not currently exist, which the District can economically provide, and which are not and will not be available to the area through the County, other existing municipal or quasi-municipal corporations, or private organizations within a reasonable time and on a comparable basis. Utilizing the Developer' s projections of new housing starts within the Develop- ment and average household size from Table No. 4, Table No. 5 projects household and population growth within the District through 1995, at which time it is anticipated that the Develop- ment will be fully built out and that a maximum population of 1,750 permanent residents will have been attained. TABLE NO. 5 Estimate of District Population Aggregate Total Year New Households Households Population 1986 0 0 0 1987 50 50 135 1988 50 100 270 1989 60 160 432 1990 75 235 611 1991 75 310 806 1992 100 410 1066 1993 100 510 1326 1994 100 610 1586 1995 90 700 1750 27 t "f 1i? B 1109 REC 02050146 04/16/86 16: 33 $0. 00 32/094 F 1462 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO 2 . Assessed Valuations. Valuations for assessment of taxable real property within the general area of the District have steadily increased over the last five years. Assessed valuations in Weld County in particular have increased on the average approximately 5% per year - with the exception of 1985 when valuations decreased due to the depressed oil and gas industry. Table No. 6 shows assessed valuations for various taxing agencies in Weld County from 1981 to 1985. TABLE NO. 6 Assessed Valuation for Various Taxing Agencies Within Weld County * 1985 1984 1983 1982 1981 Weld County $820,748 $870,453 $838,558 $771, 771 $731, 849 North Weld Co. Water District 43 , 356 32 ,718 33 ,903 32,315 30, 618 Town of Windsor 12, 155 11, 863 12, 654 12, 523 11, 849 Windsor-Severence Fire District 76, 251 81, 969 78 , 029 75, 422 93 , 114 Weld School District RE-4 78, 348 84 , 074 80,542 78, 755 95, 577 Northern Colorado Water Conservancy District 560,472 571,786 575, 827 537, 449 533 , 830 Aims Community College District 720,973 755, 032 719, 125 665, 969 638, 153 *In thousand dollars. Source: "Feasibility Study for Beebe Draw Farms and Equestrian Center" , prepared by Rosall Remmen Cares, Denver, Colorado, April 1985. 28 B 1109 REC 02050146 04/16/86 16: 33 $0. 00 33/094 F 1463 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO With the population growth at 6. 5% year in the area of the District, it is anticipated that assessed valuations will continue to increase at about 5% per year, a conservative projection for the Front Range area. Within the District, valuations for assessment of taxable property have been calcu- lated based upon the number of new housing starts per year as projected by the Developer and the estimated actual market value thereof (with assessed valuations established as 21% of actual value in accordance with State law) as determined by the Developer' s planning consultants. The estimated valuations for assessment of taxable property within the District are set forth in Table No. 7 . _ TABLE NO. 7 Estimate of District Assessed Valuations Tax Collection Year Assessed Valuations 1986 $ 0 1987 345, 000 1988 1,912, 500 1989 4, 033, 500 1990 6, 891,500 1991 10,754,914 1992 13, 862 , 614 1993 17, 012 , 614 1994 20, 162, 614 1995 23 , 312 , 614 1996 26, 147, 614 29 - B 1109 REC 02050146 04/16/86 16: 33 $0. 00 34/094 F 1464 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO 3 . Property Taxes. Property taxes will be the primary source of revenue for the District. Property tax revenue will be used to defray annual operational, administrative and debt service expenses as required, including funding bond reserve funds for purposes of leveling bond principal and interest payments. Like other local governments, the District' s annual property tax increase will be limited by State law. The maximum annual mill levy of the District is estimated to be 35 mills. 4 . Water Tap Fee. Water Tap Fees are one-time payments made by property owners and builders to pay in part for the capital cost of constructing water facilities within the District and acquiring a treated water supply from the Water District. In theory, the Water Tap Fee will pay that user's share of the water system infra- structure cost, including capital fees assessed by the Water District. Water Tap Fees are to be paid at the time connection is made to the public water system. The water transmission, distribution, supply and storage system, as summarized in Section II.A. 3, is estimated to cost $2 , 370, 825 and will serve approximately 700 equivalent units. The projected Water Tap Fee per equivalent unit is $5, 800, which includes a District system development fee of $2 , 000 and a cost component for plant investment fees and treated water purchased from the Water District of $3 , 800 (at current rates) . The net Water Tap Fee revenue to be realized by the District is estimated 30 `P'' B 1109 1£ C 02050146 04/16/86 16: 33 $0. 00 35/094 F 1465 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO to be $2 , 000 per tap or $1, 400, 000 in total. In addition, the District will realize another $142, 000 in fees for sale of the first seventy-one water taps, which have been prepaid to the Water District. 5. Developer Fee. In accordance with a written agreement to be entered into between the Developer and the District after the District' s organization, the Developer will agree to pay Developer Fees for use of other public facilities constructed by the District, such as roads, parks and recreation facilities. Developer Fees are intended to generate a secure source of additional revenue to the District for purposes of defraying debt service expenses. Developer Fees are to be paid in accordance with an annual payment schedule. The projected Developer Fee per dwelling unit is $5, 000. Additional Developer Fees in the amount of $8, 000 per dwelling unit will be assessed on the first 310 dwelling units to fund the Series 1986A General Obligation Bond Issue discussed hereinafter, unless varied by bonding requirements. The total Developer Fee revenue to be realized by the District is estimated to be $5, 980, 000. 6. Water Service Charges. The base Water Service Charge will be established from time to time by the Water District in accordance with the terms of the Agreement, as detailed in Appendix C, and will essentially be the Water District's outside - district uniform charge, 31 B 1109 REC 02050146 04/16/86 16: 33 $0. 00 36/094 F 1466 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO discounted by 15%. In addition, a monthly surcharge of approximately 15% per equivalent unit (making the District' s total Water Service Charge equal to the Water District's outside - district uniform charge) will be assessed by the District for purposes of funding annual expenses of operating the public water system and District adminstration. 7 . User Fees. User fees will be established by the Board of Directors of the District, as will other rates, fees and charges, for use of District parks and recreational facilities, including the Equestrian Center. It is anticipated that rental and other income will be generated from various sources, such as the Homeowners' Association, for use of District parks and recrea- tional facilities. The District will also make available to the public a limited number of memberships permitting the use of District parks and recreational facilities. All user fee revenue will be used to defray annual operational, administrative or debt service expenses of the District. B. Operational Expenses. The District will operate and maintain the public water system, roads, storm drainage facilities, landscaped right of way improvements, parks, and recreational facilities within its boundaries. There will be operational expenses and general administrative costs associated therewith. Certain expenses will be fully funded by user fee revenues, such as water service charges which will generate net revenue to the District beyond 32 B 1109 REC 02050146 04/16/86 16: 33 $0. 00 37/094 F 1467 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO the wholesale cost of water supplied by the Water District. Other expenses will not be incurred by the District directly, such as certain operating costs of the Equestrian Center which are anticipated to be the liability of a private contractor. Although operation and maintenance costs have been projected through 2010 in the Financial Plan (see Appendix N) , realistically the actual operational and administrative expenses are likely to vary somewhat by category over time; such variance should not be significant and will be accounted for in the District ' s budgetary process. The estimated operational, maintenance and administrative expenses (for net expenditure items) for the first five fiscal years are set forth in Table No. 8. TABLE NO. 8 Estimate of District Operational Expenses 1987 1988 1989 1990 1991 Water System $ 4000 $ 3000 $ 3000 $ 3000 $ 4000 District Roads 8100 11, 000 13, 500 15, 200 17, 300 County Roads 10, 000 10, 000 10, 000 0 0 Landscaped ROW's 1200 1200 1200 1200 1200 Recreation 2700 1700 1700 1700 1700 Insurance 6000 6000 6000 6000 6000 Administration 8000 5000 5000 5000 5000 Miscellaneous 0 1000 1000 1000 1000 Total $40, 000 $38, 900 $41,400 $33, 100 $36, 200 rf. 9 33 B 1109 REC 02050146 04/16/86 16: 33 $0. 00 38/094 F 1468 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO C. Indebtedness. 1. Issuance of Bonds. Construction of the proposed public improvements for the District will be financed with monies derived from the issuance of general obligation bonds or revenue bonds to be authorized and issued in accordance with Section 32-1-1101, C.R.S. , as amended. It is estimated that the bonds, when issued, will mature in not more than twenty years from the date of issuance. The proposed maximum interest rate will be 18 . 0%, and the maximum discount will be 4 . 0%. The exact interest rate and discount will be established at the time the bonds are sold by the District and will reflect market conditions at the time of sale. The bonds will contain adequate call provisions to allow the prior redemption or refinancing of the bonds sold by the District. The actual principal amount of the bonds sold will be based upon final design estimates, actual construction costs and current capitalized interest requirements, less projected interest income on bond proceeds earned during construction. It is anticipated that the bonds will be issued in three series, coinciding with the Development phases, with the estimated projected principal amount of each series to be: Bond Series 1986 and 1986A $5, 710, 000; Bond Series 1988 $4 , 135, 000; Bond Series 1990 $2 , 325, 000; and with an aggregate principal amount for all Series of $12 , 170, 000. 34 B 1109 REC 02050146 04/16/86 16: 33 $0. 00 39/094 F 1469 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO 2 . Debt Service. The District will have as its primary source of revenue a mill levy of approximately 35 mills for debt service purposes. Interest on bond principal may be capitalized from bond proceeds to permit prompt payment of interest to bondholders during the time between development of taxable properties and certification of assessed valuations for this development on property tax rolls. The Financial Plan as detailed in Appendix N reflects that assessed valuation and property tax revenue normally lag behind actual construction and further that, as provided by State law, assessed valuation will be determined on the basis of 21% of actual market value for residential property and of 29% of actual market value for commercial property. Additional revenues for debt retirement may be derived from Water Tap Fees and Developer Fees as more fully explained in Section IV.A. , as well as interest income earned on the bond redemption fund and other surplus funds of the District as set forth in Appendix N (projected at 5% per annum) . 3 . Schedule of Bonded Indebtedness. Table No. 9 summarizes the various expenses associated with each series of District bonds, including the costs of land acquisition, consulting engineering and legal services, bond counsel and administrative expenses, underwriter discounts, and other major expenses. For purposes of calculating such expenses, a theoretical interest rate on the bonds (consist with current market rates for this type of bond issue) has been estimated at lF^ ^p Ti 35 B 1109 REC 02050146 04/16/86 16: 33 $0. 00 40/094 F 1470 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO. CO 10% with an estimated discount rate of 3 .9%. It is understood that market conditions may result in higher or lower interest and discount rates. All expenses set forth in Table No. 9 have been estimated by the financial advisor based upon current market conditions and may be subject to change at the time of bond issuance. See Appendix L. An initial Series 1986 and 1986A Bond Issue of $5,710, 000 is anticipated by the District based upon current estimates of facilities construction costs. Additional bonds for District improvements will be issued subsequently by the District as Series 1988 and Series 1990 as estimated in Table No. 9. Source and use of bond funds, annual bond principal and interest payment schedules and construction draw-down schedules for all Series are set forth in Appendix M. A survey of proposed bond projects by phase/series is shown in Figure 6 (inserted in the pocket part hereto) . Interest income on bond proceeds earned during construc- tion (projected at 7% per annum) has been used to reduce the District's debt requirements. 36 B 1109 REC 02050146 04/16/86 16: 33 $0. 00 41/094 F 1471 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO TABLE NO. 9 Schedule of Bonded Indebtedness Series 1986 & 1986A Series 1988 Series 1990 (Phase I) (Phase II) (Phase III) Organizational Expense — (including legal services) $ 25, 000 Construction Costs (including engineering services $4, 650, 000 $3 , 300, 000 $1,850, 000 Capitalized Interest $ 719, 175 $ 827, 660 $ 462 , 666 Underwriter Discount $ 224,815 $ 161,265 $ 90, 675 - Administrative Expenses (including bond counsel and related costs) $ 115, 000 $ 75, 000 $ 50, 000 Interest Income (during construction) $ (23, 990) $ (228 , 925) $ (128 , 341) Amount of Issue $5,710,000 $4, 135, 000 $2 , 325, 000 D. Financial Plan. The Financial Plan, which is a full summary of financing capabilities of the District, is set forth in Appendix N. The Financial Plan confirms the balanced relations between the total proposed expenditures, including debt service, and the total anticipated revenue from all sources of District fiscal opera- tions. The District will be capable of providing economical and sufficient service to all areas within its boundaries. The principal source of financing for capital facilities of the District is tax-exempt municipal bonds, perhaps utilizing the 37 B 1109 REC 02050146 04/16/86 16: 33 $0. 00 42/094 F 1472 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO Developer guarantees as the market requires to assure that debt service obligations are met on a timely basis. Bond counsel opinion relating to tax-exemption will be delivered prior to bond issuance. Property within the Development has, or will have, the financial ability to discharge the proposed indebtedness on a reasonable basis as more fully illustrated in Appendix N. The proponents believe that the facilities construction cost figures are conservative and that the Financial Plan reflects realistic revenue projections with any potential gaps to be made up through Developer Fees as required. The Board of Directors of the District, once organized, is delegated the power to establish rates, fees, and charges for all purposes and to levy property taxes pursuant to statutory procedures as necessary to satisfy the fiscal needs of the District. Any estimate of rates, fees and charges or property tax levies set forth herein may be adjusted, from time to time, by such Board as required for such purposes. Any revenue surpluses accumulated over time will be applied either to (i) early redemption of outstanding bonds, (ii) lowering of the property tax levy, (iii) funding costs of new or replacement capital facilities, (iv) paying for increased operational expenses, or (v) a combination of these alternatives. 38 r,G ..., n . . ., B 1109 REC 02050146 04/16/86 16: 33 $0. 00 43/094 F 1473 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO V. Conclusion The Service Plan of Beebe Draw Farms Metropolitan District is in compliance with Section 32-1-203, C.R.S. , as amended, and should be approved for the following reasons: 1. There is sufficient existing and projected need for organized services of the nature proposed in the area to be serviced by the District; 2 . The existing services in the area to be served by the District are inadequate for present and projected needs; 3 . The District is capable of providing economical and sufficient services to the area within its proposed boundaries; 4. The area to be included within the District will have the financial ability to discharge the proposed indebtedness on a reasonable basis; 5. Adequate services are not and will not be availa- ble to the area through the County, other municipal or quasi-municipal corporations, including special districts, within a reasonable time and on a comparable basis; 6. The facilities and service standards of the District as proposed are compatible with the facilities and service standards of the County and each municipality and special district which is an interested party hereto; 7 . The Service Plan is in substantial compliance with the County Master Plan; 39 B 1109 REC 02050146 04/16/86 16: 33 $0. 00 44/094 F 1474 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO 8 . Because public sanitation facilities are not being provided by the District, the Service Plan is not subject to compliance with any duly adopted county, regional or State long-range water quality management plan for the area; and _ 9 . The creation of the District will be in the best interests of the Development to be served thereby. 40 '. B 1109 REC 02050146 04/16/86 16: 33 $0. 00 45/094 F 1475 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO Appendix A LEGAL DESCRIPTION Beebe Draw Farms Metropolitan District A tract of land located in sections 3, 4, 5, 8, 9, 10, 16 and 17, Township 3 North, Range 65 West of the Sixth Principal Meridian, Weld County, Colorado, being more particularly described as follows: •zro o u Beginning at the northeast corner of said Section 16 and considering the o East line of said Section 16 to bear South 00' 41' 51" East with all bearings cr o herein relative thereto: A o w Thence South 00° 41' 51" East, 5262.03 feet to the Southeast Corner of o 3 said Section 16; oa Q Thence South 89' 27' 03" West, 5139.13 feet to the Southeast Corner of oa said Section 17; U Thence South 89° 33' 00" West, 5328.46 feet to the Southwest Corner of M said Section 17;ri a Thence North 00' 29' 57" West, 5259.91 feet to the Southwest Corner of — N said Section 8; co C..) z Thence North 00' 09' 35" West, 5292.39 feet to the Southwest Corner of .- w said Section 5; it E o CO Thence North 00° 24' 57" West, 3981.69 feet to the Southwest Corner of wthe North half of the Northwest Quarter (N1/2 of NW1/4) of said Section 5; <rw w Thence along the South line of said North Half of the Northwest Quarter Ln z (N1/2 of NW1/4) of Section 5, North 89' 44' 30" East, 2631.54 feet to the Southeast Corner of said North Half of the Northwest Quarter; o a Thence along the South line of the Northwest Quarter of the Northeast Quarter (NW1/4 of NE1/4) of said Section 5, North 89° 44' 27" East 1331.69 feet to the Southeast Corner of said Northwest Quarter of the Northeast o N Quarter (NW1/4 of NE1/4) of said Section 5; w Thence along the East line of said Northwest Quarter of the Northeast Quarter (NW1/4 or NE1/4) , North 00' 38' 12" West, 1325.38 feet to Northeast Corner of said Northwest Quarter of the Northeast Quarter (NWI/4 of NE1/4) ; Thence North 89' 40' 15" East, 1333.51 feet to the Northeast Corner of said Section 5; Thence along the North line of said Section 4, North 89' 35' 05" East, 3438.49 feet to the intersection with the centerline of the Platte Valley canal ; Thence along the centerline of the Platte Valley Canal by the following twenty-four (24) courses: 1 - South 40° 04' 03" East, 16.81 feet _ 2 - South 10° 09' 07" West, 45.49 feet N- , , .. 3 - South 27° 01' 47" West, 281.98 feet 4 - South 35° 02' 43" West, 129.95 feet 5 - South 46° 24' 26" West, 113.95 feet 6 - South 67° 56' 02" West, 114.41 feet 7 - 158.51 feet along the arc of a curve to the left having a central angle of 43° 14' 52", and a radius of 210.00 feet 8 - South 24° 41' 10" West, 39.72 feet 9 - 258.45 feet along the arc of a curve to the left having a central angle of 68° 10' 08" and a radius of 217.23 feet 10 - South 43° 28' 58" East, 159.97 feet _ 11 - 69.50 feet along the arc of a curve to the right having a central angle of 48° 38' 11" and a radius of 81.88 feet 12 - South 05° 09' 12" West, 19.20 feet 13 - 117.95 feet along the arc of a curve to the right having a central angle of 25° 54' 10" and a radius of 260.90 feet 14 - South 31° 03' 22" West, 130.58 feet 15 - South 09° 40' 40" West, 95.26 feet 16 - South 03° 11' 43" East, 116.07 feet 17 - 114.85 feet along the arc of a curve to the left having a central angle of 36° 30' 36" and a radius of 180.24 feet 18 - South 39° 42' 18" East, 116.57 feet 19 - 90.93 feet along the arc of a curve to the left having a central angle of 45° 22' 31" and a radius of 114.82 feet 20 - South 85° 04' 50" East, 170.71 feet 21 - 151.01 feet along the arc of a curve to the right having a central angle of 68° 29' 30" and a radius of 126.33 feet 22 - South 16° 35' 19" East, 120.95 feet 23 - 196.66 feet along the arc of a curve to the right having a central angle of 25° 35' 07" and a radius of 440.41 feet 24 - South 08° 59' 48" West, 49.59 feet Thence North 89° 31' 39" East, 1790.68 feet to a point on the East line of said Section 4; Thence North 89° 31 ' 39" East, 2250.00 feet; Thence South 00° 43' 49" East, 700.00 feet; Thence South 44° 50' 44" East, 3265.41 feet to a point on the South line of said Section 3; Thence South 44° 50' 44" East, 1117.42 feet to a point on the East line of said Section 10; Thence along the East line of said Section 10, South 00° 06' 00" West, 1840.65 feet to the Southeast Corner of the Northeast Quarter of said Section 10; Thence along the South line of said Northeast Quarter of Section 10, South 89° 27' 21" West, 527.90 feet to a point on the centerline of the dam at Milton Reservoir as surveyed and recorded in the U.S. Land Office, under Number 029370, 1925; Thence along said survey by the following six (6) courses: 1 - North 58° 40' 00" West, 364:78 feet 2 - 200.00 feet along the arc of a curve to the left having a central angle of 6° 40' 00" and a radius of 1718.87 feet 3 - North 65° 20' 00" West, 550.35 feet B 1109 REC 02050146 04/16/86 16: 33 $0. 00 47/094 F 1477 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO 4 - 545.00 feet along the arc of a curve to the right having a central angle of 21° 48' 00" and a radius of 1432.39 feet 5 - North 43° 23' 00" West, 605.06 feet 6 - North 63° 10' 42" West, 329.44 feet Thence North 00° 37' 22" East, 75.92 feet to a point on a deed executed December 28, 1909; Thence along the courses of said deed by the following eighteen (18) courses: 1 - South 71° 20' 00" West, 540.87 feet 2 - South 43° 34' 00" East, 318.00 feet 3 - South 16° 14' 00" East, 175.00 feet 4 - South 00° 40' 00" -East, 380.00 feet 5 - South 27° 02' 00" West, 73.00 feet 6 - North 65° 16' 00" West, 155.00 feet 7 - North 56° 09' 00" West, 462.00 feet 8 - North 68° 59' 00" West, 256.00 feet 9 - South 31° 13' 00" West, 248.00 feet 10 - South 80° 26' 00" West, 196.00 feet 11 - North 65° 07' 00" West, 288.00 feet 12 - South 76° 23' 00" West, 188.00 feet 13 - South 35° 25' 00" East, 88.00 feet 14 - South 54° 35' 00" West, 130.00 feet 15 - North 35° 25' 00" West, 80.00 feet 16 - South 14° 20' 00" West, 350.00 feet 17 - South 50° 10' 00" East, 285.00 feet 18 - South 00° 22' 00" East, 154.86 feet to a point on the South line of the Northwest Quarter of said Section 10; Thence along the South line of the Northwest Quarter, North 89° 27' 20" East 241.50 feet to a point on the west side of Milton Reservoir at the highwater elevation of gauge rod 39.5; Thence southerly along highwater elevation gauge rod 39.5 by the following twenty (20) courses: 1 - South 25° 09' 43" East, 106.90 feet 2 - South 24° 47' 32" East, 180.70 feet 3 - South 36° 43' 58" East, 146.03 feet 4 - South 25° 08' 23" West 111.15 feet 5 - South 02° 01' 55" East, 227.19 feet 6 - South 27° 01 ' 04" East, 93.92 feet 7 - South 13° 36' 46" East, 101.31 feet 8 - South 24° 32' 47" East, 116.37 feet 9 - South 06° 39' 27" East, 234.27 feet 10 - South 07° 03' 44" West, 151.41 feet 11 - South 14° 47' 43" West, 113.30 feet 12 - South 05° 07' 43" West 157.19 feet 13 - South 17° 56' 25" West, 90.47 feet 14 - South 42° 18' 14" West, 134.52 feet 15 - South 19° 19' 41" West, 268.66 feet 16 - South 30° 21' 06" West, 184.39 feet 17 - South 51° 40' 59" West, 105. 15 feet 18 - South 79° 43' 10" West, 714.61 feet B 1109 REC 02050146 04/16/86 16: 33 $0. 00 48/094 F 1478 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO 19 - South 24' 52' 12" West, 224.67 feet 20 - South 07° 14' 01" East, 10.72 feet to a point on the South line of said Section 10; Thence along said South line of Section 10, South 89° 28' 21" West 293.91 feet to the Southwest Corner of Section 10, also being the Northeast Corner of said Section 16 and the Point of Beginning. Said tract contains 4134.98 acres more or less. B 1109 REC 02050146 04/16/86 16: 33 $0. 00 49/094 F 1479 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO Appendix B COUNTY OF WELD, STATE OF COLORADO ROAD MAINTENANCE AND IMPROVEMENT AGREEMENT THIS AGREEMENT, made and entered into this 3rd day of April , . 1985 , by and between the COUNTY OF WELD, STATE OF COLORADO, hereinafter called "County, " and BEEBE DRAW FARMS AND EQUESTRIAN CENTER PROPERTY OWNERS ASSOCIATION, a Colorado perpetual non-profit corporation, hereinafter called "Owner, " and BEEBE DRAW LAND COMPANY, LTD. , a Colorado Partnership, hereinafter called "Developer, " WITNESSETH: WHEREAS, Developer has applied to the County for approval of a Planned Unit Development, Case No. Z - 412 :84 : 13 , for recreational, residential and oil and gas development uses on land located on parts of Sections 3 , 4 , 5 , and 10 , and all of Sections 8 , 9 , 16 , and 17 , all in Township 3 North, Range 65 West of the 6th Principal Meridian, Weld County, Colorado, and WHEREAS, the Planned Unit Development will generate additional traffic on the access road and other nearby roads , and WHEREAS, the existing County roads which provide access to the Planned Unit Development will require increased maintenance and improvements to adequately serve traffic, and WHEREAS , Developer has offered to accept certain road maintenance and improvement actions. NOW, THEREFORE, in consideration of the mutual covenants and conditions set forth herein, the County, the Developer, and the Owner mutually agree as follows: 1 . Primary access to the Planned Unit Development shall be via Weld County Road 32 from the town limits of Platteville to Weld County Road 39 and via Weld County Road 39 to the Planned Unit Development entrance located at a point south of Weld County Road 36 , a distance of approximately 8 miles. 2 . Other nearby roads are Weld County Road 39 from the Planned Unit Development entrance south of Weld County Road 36 to rrn B 1109 REC 02050146 04/16/86 16: 33 $0. 00 50/094 F 1480 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO Weld County Road 44 , a distance of approximate 4 .5 miles; Weld County Road 38 from Weld County Road 39 to Weld County Road 43 . 3 . Commencing with the completion of the Planned Unit Development entrance road from Weld County Road 39 to the equestrian center , and after the recording of the final plat for the first phase of the PUD, Owner agrees to maintain the roadway surface of unpaved portions of access and nearby roads , including: Weld County Road 32 from Weld County Road 35 to Weld County Road 39 , Weld County Road 39 from Weld County Road 32 to Weld County Road 40 , and Weld County Road 38 from Weld County Road 39 to Weld County Road 43 , an aggregate distance of approximately 8 .0 miles. Maintenance of the roadway surface will consist of regular grading to keep the surface reasonably smooth without large washboards or potholes , so that it can comfortably be driven at 40 m.p.h. ; to keep the road shaped to drain, and to keep the ditches open and free of debris. Gravel will be placed as required to maintain an adequate road surface . Owner represents that he is an independent contractor and not an employee or agent of the County. Owner agrees to identify to County an individual responsible for Owner' s maintenance functions under this agreement. County will notify the responsible individual by telephone, with written follow-up, concerning any observed deficiencies in the maintenance program. 4 . Owner agrees to provide an adequate dust abatement program on the approximately 8 .0 miles of unpaved road for which he provides maintenance. Water, asphaltic emulsions, waste oil or commercially available chemicals may be used to control dust. Owner is responsible for using materials and methods not inconsist with any federal , state, or local laws , rules or regulations pertaining to hazardous materials , health or environmental protection. 5 . Owner agrees to provide snow removal adequate to allow two lanes of passage for passenger cars on the approximately 8 .0 miles of unpaved road for which he provides maintenance. 6 . County agrees to furnish, at designated sources, suitable material for gravel replacement on the approximately 8 . 0 miles of unpaved road for which Owner provides maintenance. Owner shall be responsible for delivery of material to the work location. County will load material if loading equipment is reasonably available. Owner can use his own equipment, at his expense, to load material. 7 . Indemnator, Owner, hereby agrees to indemnify Indemnitee , County, from any and all liability, loss , or damage B 1109 REC 02050146 04/16/86 16: 33 $0. 00 51/094 F 1481 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO 2 Indemnitee may suffer as a result of claims , demands , costs , or judgments against it arising out of maintenance work performed by the Owner pursuant to this Agreement . Owner will provide performance guarantees as more fully set forth in a separate _ document which will set forth the requirements for financial guarantees for improvements to be made by Developer and work to be performed by Owner. Owner will provide insurance against personal injury and property claims covering County and Owner for claims arising out of the terms and conditions for road maintenance in this Agreement in the amount of $1 ,000 ,000 .00 and require similar insurance from any subcontractor, provided that such coverage shall indemnify County only to the extent of County' s liability under this agreement and not in excess of Colorado statutory limits on governmental liability. Performance guarantees for both the maintenance and construction of this project will be provided in a manner not inconsistent with the Weld County policy regarding collateral for improvement prior to the first filing of the final PUD plat. 8 . County agrees to maintain, repair or replace culverts, signs , markers, and other roadway appurtenances on the approximately 8 . 0 miles of unpaved road ' for which Owner provides maintenance , except for repairs required as a result of Owner' s maintenance operation for which Owner will be responsible. 9 . Developer agrees to pave the access road to the Planned Unit Development, as defined in paragraph 1 above. The project shall include necessary earthwork, base work, utility relocation, right-of-way acquisition, drainage structures rehabilitation, and surfacing to provide a paved roadway 24 feet in width, with gravel shoulders 8 feet in width. Design standards shall reflect the AASHTO and Colorado Department of Highways standards in effect at the time of the project, with horizontal and vertical alignment based on a design speed of 55 m.p.h. and pavement sections based on an average daily traffic volume of 5 ,300 vehicles consisting of 53% passenger cars , 36% pickup trucks, 8% single unit trucks , and 3% combination trucks , and a directional split of 60% in the peak direction with a regional adjustment factor of 1 .5 . 10 . Developer agrees to initiate action to accomplish paving of the access road at such time as there are 100 dwelling units with Certificates of Occupancy in the Planned Unit Development. Paving, including engineering, construction, and opening for traffic, shall be completed within 360 days from date of initiation. B 1109 REC 02050146 04/16/86 16: 33 $0. 00 52/094 F 1482 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO 3 11 . All construction and materials shall be in accordance with the Standard Specifications for Road and Bridge Construction of the Colorado Department of Highways , with reference to the edition current at the time project is initiated. County shall review and approve the construction plans prior to construction and shall have the same authority as the Engineer, as defined in the specifications for the project, to inspect construction. 12 . Costs of the paving project shall be apportioned between Developer and County as follows : Developer' s County' s Share Share Side ditch , culvert, and 100% 0% driveway replacement Design Engineering 100% 0% Earthwork, grading, paving 100% 0%1 Drainage structures 100% repair/replacement Utility relocations 100% 0% Utility easements 0% 100%2 Right-of-Way 0% 100% Traffic control devices 0% 100% Inspection by design engineers 100% 0% Developer agrees to bid and contract for the work. Costs of work items , which are the responsibility of County which have not been separately contracted for or performed by the County, will be billed by Developer to County and County will pay Developer. County shall be responsible for payment of costs due in future fiscal years only if funds are appropriated and are otherwise available for the services and functions which are described herein. If construction and financing is to be performed through a statutory district, work shall be done in accordance with the 1Developer shall bear the cost of this item only to the extent that it might have to extend or relocate a culvert due to road width and to the extent that it is necessary to maintain current flow capacity. Any enlargement or new construction shall be at thetotal expense of the County. Developer shall be responsible for cost of acquisition of right-of-way only if it is not possible to meet minimum design standards within the existing 60-foot right-of-way. B 1109 REC 02050146 04/16/86 16: 33 $0. 00 53/094 F 1483 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO • statute, provisions of this paragraph to the contrary notwithstanding. 13 . Upon completion and acceptance of paving of the access road , Owner shall be relieved of all road maintenance, dust abatement, and snow removal responsibilities defined in paragraphs 3 , 4 , and 5 above with the sole exception of Weld County Road 38 from Weld County Road 39 to Weld County Road 43 . Owner will enter into a separate agreement with County for maintenance of Weld County Road 38 . Upon completion and acceptance of paving of the access road and execution of an agreement for maintenance of Weld County Road 38 , this Agreement shall be void. 14 . If , prior to the completion of the construction of the access road pavement, Weld County issues zoning or U.S.R. approval for any other residential , commercial , or industrial development, or any expansion of any agri-businesses, that will be using as access any of the approximate 8 miles of County roads paved at the - expense of the Developer, the County, to the extent permitted by law, agrees to seek contributions to the cost of the road, pro rata as the projected use of the roads involved compares to the - Beebe Draw Farms and Equestrian Center PUD ' s projected use of the roads. 15 . It is the intent of the parties that this Agreement remain in full force and effect until it terminates according to its own terms and that it be binding upon the Owner and Developer and their heirs , successors , and assigns , and on this Board and - future Boards to the fullest extent permitted by law. Should this Agreement, or any portion thereof, be found to be void or voidable for the reason that it binds the Board of County Commissioners for more than a one year period of time, this contract shall be construed as one-year contract with automatic annual renewals. 17 . The addresses of the parties are as follows: Weld County Board of County Commissioners 915 Tenth Street P. O. Box 1948 Greeley, CO 80632 Beebe Draw Farms and Equestrian Center Property Owners Association c/o Morris Burk, General Partner 1551 Larimer, Suite 2706 Denver, CO 80202 B 1109 REC 02050146 04/16/86 16: 33 $0. 00 54/094 F 1484 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO 5 , ;" Beebe Draw Land Company, Ltd. c/o John B. Houtchens Attorney at Law 1007 Ninth Avenue Greeley, CO 80631 It shall be the obligation of the parties to notify each other of _ any change of address , registered agent, or change of ownership. IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement the day_ an//d.. year first above written. • ATTEST d4 Lt4t ry BOARD OF COUNTY COMMISSIONERS WELD COUNTY, COLORADO Weld County Clerk and Recorder and Clerk to the Bo B airm S\6). l eputy Clerk ATTEST: BEEBE W F RMS AND EQUESTRIAN CENTERI OPERTY OWNERS ASSOC ION By: By: ATTEST: BEEBE DRAW1LAND �C_OMPANYY, LTD. ` By: By: I � M. r�'^". CAGTPrilt, B 1109 REC 02050146 04/16/86 16: 33 $0. 00 55/094 F 1485 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO 6 t,r•p ; y Appendix C AGREEMENT BETWEEN CENTRAL WELD COUNTY WATER DISTRICT - AND BEEBE DRAW LAND COMPANY, LTD. Concerning Domestic Potable Water Service ,' This Agreement made and entered into this 3 0'C;E day of 1 (/:?/2.47- c22 , 1985, by and between the CENTRAL WELD COUNTY WATER DISTRICT, a statutory water district organized under the laws of the State of Colorado, hereinafter called DISTRICT, and BEEBE DRAW LAND COMPANY, LTD. , a Colorado corporation, hereinafter_ called COMPANY, witnesseth: WHEREAS, DISTRICT owns, maintains and operates a system for the diversion, supply, storage, and distribution of potable water to members and customers of the DISTRICT for domestic purposes in the County of Weld, State of Colorado, and WHEREAS, the COMPANY has a need for domestic water service within its residential development, known as Beebe Draw Farms, hereinafter called DEVELOPMENT, and desires that the DISTRICT furnish treated water for domestic purposes within the DEVELOPMENT, and WHEREAS, the COMPANY intends to organize a metropolitan district to distribute water to residents of the DEVELOPMENT, and for other purposes, and to assign this Agreement to said district once so organized in accordance with statutory procedures. NOW THEREFORE, DISTRICT and COMPANY agree to the following: 1. DISTRICT will treat and deliver water to the DEVELOPMENT from its system of waterworks as hereinafter set forth. The water shall be delivered through the pipelines and appurtenances of DISTRICT; said pipelines and appurtenances to be owned, operated and maintained by DISTRICT to the master meter location near or on property of the COMPANY. The DEVELOPMENT is more particularly situate in Sections 3 , 4 , 5, 8, 9, 10, 16 and 17 of Township 3N, Range 65W in Weld County, Colorado. 2 . DISTRICT will provide domestic water service to the DEVELOPMENT of the COMPANY in said Sections 3, 4, 5, 8 , 9, 10, 16 and 17 . DISTRICT shall make available reasonable and adequate capacity which shall be delivered to users in the DEVELOPMENT based on the pressures available through the storage facilities at the "LaSalle" storage tank and thereafter gravity flowed to such users or supplemented by a booster station as may be required to provide for adequate pressure. COMPANY shall pay for all costs for water main, booster pumps, and appurtenances including valves, connections, and master meter station, and for any necessary master meter stations relative to expansion, B 1109 REC 02050146 04/16/86 16: 33 $0. 00 56/094 F 1486 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO relocation, or new master meter installations beyond the DISTRICT'S existing -12-inch watermain and "LaSalle" storage tank to service COMPANY 'S DEVELOPMENT. New master meter installations and location are subject to approval of the DISTRICT. Said installations and materials may be furnished and installed by the DISTRICT, but COMPANY shall pay for all costs related thereto; provided that the DISTRICT shall first inform COMPANY of such costs, and the COMPANY shall provide written authorization to incur such expenses. DISTRICT shall own, operate and maintain all water main facilities up to and including master meter installations. Additionally, all water system facilities and appurtenances within the DEVELOPMENT shall be installed at the sole cost of COMPANY, unless specifically excluded by written agreement or as otherwise noted herein. 3 . DISTRICT assumes no - responsibility of any kind whatsoever beyond master meter connections. The responsibility for maintenance of pipelines, pressure valves, size of pipe, quality of pipe, accidental breakage, and all other facilities beyond master meter connections shall be the sole responsibility of the COMPANY. DISTRICT shall at all times make good faith efforts to comply fully with obligations herein assumed, and to provide water to the DEVELOPMENT on a continuous basis. Notwithstanding any other provisions of this Agreement, however, DISTRICT shall not be held responsible for damages caused by delay or failure to perform hereunder, when such delay or failure is due to acts of God, acts of public authorities, strikes, accidents affecting DISTRICT ' S pipelines or other property or other causes unavoidable or beyond DISTRICT'S reasonable control. Should an interruption in water delivery occur, DISTRICT shall restore water as quickly as possible. 4 . The DEVELOPMENT shall not at this time be included in District. COMPANY shall own onsite water improvements until such time as improvements are fully paid and no liabilities exist for said water system improvements. At such time DISTRICT may, at its sole discretion, -have said system transferred to DISTRICT, subject to any necessary intergovernmental arrangements with the metropolitan district to be organized to furnish water service within the DEVELOPMENT. 5. By this Agreement, DISTRICT commits to serve the first filing of the DEVELOPMENT to the extent it does not exceed approximately 214 residential meters. DISTRICT will provide for additional service to DEVELOPMENT in the future to a projected maximum of 700 residential taps, subject to COMPANY meeting additional specific requirements of DISTRICT as set forth hereinafter. To assist DISTRICT in advance planning, B 1109 REC 02050146 04/16/86 16: 33 $0. 00 57/094 F 1487 MARY ANN FEUERSTEIN CIE RK & RECORDER WELD CO, CO 2 �; j COMPANY shall submit to DISTRICT, for review and comment, all plans for development of COMPANY property which will be considered for potable domestic water supply service. In order to provide for expansion of the DISTRICT water system to serve the DEVELOPMENT, the COMPANY shall pay a fee to the DISTRICT for each connection or increase in meter size within the DEVELOPMENT. Each fee shall be equal to the amount of the Capital Improvement Fee in effect (at the time connection or increase in meter size is made) under the DISTRICT'S Regulations and Rates, less $200 per connection or increase in meter size. No connection costs shall be incurred by DISTRICT. This fee shall be a one-time charge paid to the DISTRICT for each meter, tap, or meter size increase added to the system. Payment of fees shall be made to DISTRICT by COMPANY within 60 days following receipt of such fee from the user by COMPANY, but in no event later than 30 days following receipt of water by the user. 6. The DISTRICT shall have exclusive rights to supply water to the DEVELOPMENT so long as the DISTRICT provides water service to the DEVELOPMENT in compliance with the terms of this Agreement. The COMPANY shall not provide water service or expand service to users outside COMPANY property. If the DISTRICT is unable to furnish adequate water to the DEVELOPMENT in accordance with the terms of this Agreement, then the COMPANY shall have the right to secure additional water from an independent source to provide water supplies to the DEVELOPMENT, providing: (1) that the COMPANY first makes written request to the DISTRICT for such water service; (2) that advance Capital Improvement Fees are paid to DISTRICT, if requested, as provided in Paragraph 7 hereof; (3) that advance Raw Water Fees (as set forth in District Regulations and Rates) are paid to the DISTRICT for the amount of taps required for such service, and; (4) that DISTRICT does not provide for such water service within one year after receipt of such written request and advance payments. In the event COMPANY so utilizes another source of water supply to the DEVELOPMENT, then the DISTRICT and COMPANY shall cooperate fully to facilitate the service of water to all areas of the DEVELOPMENT. The terms of this paragraph shall be applicable notwithstanding any provision in this Agreement that the DISTRICT shall have the right to exclusively serve the DEVELOPMENT and that DISTRICT shall not be obligated to provide and purchase additional raw water to the DEVELOPMENT. 7. Upon the request of DISTRICT and to assist DISTRICT in advance planning and to fund DISTRICT system improvements, COMPANY shall pay to DISTRICT advance Capital Improvement Fees. Said advanced Capital Improvement Fees shall be for fifty 5/8" x 3/4" size meters. Said advance Capital Improvement Fees shall be paid to DISTRICT for DISTRICT'S use at its sole discretion. ...: 3 B 1109 REC 02050146 04/16/86 16: 33 $0. 00 58/094 F 1488 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO Advance Capital Improvement Fees shall be used by DISTRICT to apply to specific taps within the DEVELOPMENT when COMPANY has purchased all taps necessary for the DEVELOPMENT except for the last 50 taps. Said advance Capital Improvement Fees shall then be credited by DISTRICT to such remaining 50 taps at such time as requested by COMPANY. DISTRICT shall have the right to request additional advance Capital Improvement Fees from COMPANY in order for DISTRICT to expand its facilities to meet needs for adequate service, as may be caused or projected to , be needed, for servicing of the DEVELOPMENT; provided that the DISTRICT has committed to supply water service thereto. 8. Service by DISTRICT shall be subject to acquiring adequate water rights by DISTRICT and/or COMPANY to provide for development in accordance with DISTRICT'S standard requirements for water rights. DISTRICT shall make available 50 acre-feet of Windy Gap water to COMPANY for use for the first phase of the filing, subject to the COMPANY providing and fulfilling its requirements under this Agreement. Said . 50 acre-feet of Windy Gap water shall be applied to the first 71 users to request taps within the DEVELOPMENT, based on 5/8 x 3/4 inch meter services. Thereafter, COMPANY may, from time to time, acquire and/or make available to DISTRICT sufficient water rights to provide for COMPANY'S DEVELOPMENT or any part thereof. DISTRICT shall not be obligated to provide water to the DEVELOPMENT except for said Windy Gap water and those water rights which have been acquired by COMPANY and made available to DISTRICT. Said water rights shall be from sources being used by the DISTRICT or other water rights as approved by DISTRICT, to the extent that said water rights may be legally used to service the DEVELOPMENT. In the event the DISTRICT, in its discretion, acquires water rights for the DEVELOPMENT, then COMPANY shall pay for such water rights by payment of standard Raw Water Fees established by DISTRICT sufficient to compensate the DISTRICT for the costs of such water rights. Payment shall be made to DISTRICT for said Raw Water Fees in accordance with the terms of this Agreement and the Regulations and Rates of the DISTRICT. DISTRICT shall have the option to purchase such water rights for the DEVELOPMENT directly or to have the COMPANY purchase such water rights and convey the same to the DISTRICT for meeting the domestic water requirements for the DEVELOPMENT. The COMPANY, after written notice of all costs and terms of such acquisition have been provided to COMPANY by the DISTRICT, shall provide the DISTRICT with prior authorization to contract directly for the acquisition of any water rights, at option of DISTRICT, and the 4 lam'%': :'" j B 1109 REC 02050146 04/16/86 16: 33 $0. 00 59/094 F 1489 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO use of such water rights within the DEVELOPMENT. COMPANY, after authorization has been provided to the DISTRICT, shall pay advance Raw Water Fees to the DISTRICT to allow the DISTRICT to purchase the required raw water, as may be needed for COMPANY'S DEVELOPMENT. Credits shall be provided to COMPANY for said Raw Water Fees in accordance with the terms of this Agreement. COMPANY shall pay in advance equivalent Raw Water Fees for taps to be served by the first 50 acre-feet of Windy Gap water, being acquired and committed to the DEVELOPMENT as more fully set forth in paragraph 16 hereof. Said Raw Water Fees for said 50 acre-feet of Windy Gap water shall entitle COMPANY to 71 standard residential 5/8" -x 3/4" meter service connections. Said funds shall be used by DISTRICT for payment of obligations on said 50 acre-feet of Windy Gap water being purchased and committed. As additional users are connected to the water system within the DEVELOPMENT, COMPANY shall pay a Raw Water Fee to DISTRICT in accordance with the Regulations and standard Rates of the DISTRICT. Said Raw Water Fee shall be maintained or used by DISTRICT for payment of raw water, acquiring additional Windy Gap water, and/or other equivalent usable raw water for COMPANY'S DEVELOPMENT by DISTRICT. When all water rights have been acquired sufficient to provide for full service to the DEVELOP- MENT, any surplus funds from such advance Raw Water Fees shall be credited by DISTRICT against any fees due on other lots when requested for activation of water service by COMPANY or refunded to COMPANY, if no such fees are due. 9. As a credit for raw water provided by the COMPANY, DISTRICT shall provide to COMPANY a 15% credit on the monthly Water User Charge under the DISTRICT'S Regulations and Rates, based on water metered to COMPANY, to the extent that credit does not decrease charges below Monthly Minimum Charges established elsewhere herein. 10. The DISTRICT will treat and deliver water to the DEVELOPMENT for the price as established by the DISTRICT'S standard Water Rate Schedule in effect as established from time to time by the DISTRICT, or the Monthly Minimum Charge described herein, whichever is greater, and surcharges for mill levy applicable to outside DISTRICT users in accordance with paragraph 11 of this Agreement. The total Monthly Minimum Charge, which the COMPANY agrees to pay, is the sum of amounts for each meter size. Said amount for each meter size shall be equal to 40% of the DISTRICT'S Monthly Minimum Charge for each meter size multiplied by the total number of meters of said meter size within the DEVELOPMENT. All water users within the DEVELOPMENT shall be individually metered. Quarterly, or at billing periods as determined by the DISTRICT, the size and number of taps connected to the water B 1109 REC 02050146 04/16/86 16: 33 $0. 00 60/094 F 1490 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO system within the DEVELOPMENT shall be provided in writing to the DISTRICT by the COMPANY. The Monthly Minimum Charge for the next billing period shall be based on said size and number of taps except that the total Monthly Minimum Charge to the COMPANY shall not be decreased at any time. In the event that there is a change in standard rates throughout DISTRICT'S system, then the rates charged the COMPANY will be increased or decreased correspondingly to said change. However, because the DEVELOPMENT is being served, in whole or at least in part, with Windy Gap water by DISTRICT, DISTRICT may impose surcharges and assess rates and fees different from regular DISTRICT customers located within the Northern Colorado Water Conservancy District, except that said special rates and fees will be consistent where applicable with other DISTRICT customers served with Windy Gap water and located outside of the Northern Colorado Water Conservancy District. Payment for water supplied to the DEVELOPMENT shall be made in accordance with the procedures established by the DISTRICT, and in the event of failure by COMPANY to make payment within 30 days after said payment is due, DISTRICT shall, after written notice to COMPANY in accordance with DISTRICT policy for delinquent customers, have the right to shut off water to the COMPANY, its grantees and assigns, and all further service shall be discontinued until all sums in arrears are fully paid. 11. As an outside DISTRICT user, COMPANY shall pay to DISTRICT a 15% surcharge on all monthly usage charges. In addition to the 15% surcharge, COMPANY shall pay an additional 5% surcharge per each mill levied against DISTRICT users greater than 2 mills. 12. DISTRICT, after prior written notice to COMPANY, shall have the right to connect to COMPANY'S system and carry water through COMPANY'S system to other DISTRICT customers, subject to (a) maintaining adequate flows and pressures to all potential users within the DEVELOPMENT, (b) master metering, at the DISTRICT'S expense, at any necessary connection points to credit master meter reading of COMPANY for any non-COMPANY water use, and (c) payment of appropriate costs of installing over-sized mains necessary to accommodate DISTRICT'S use of COMPANY'S system and related maintenance and replacement expenses. 13 . The DEVELOPMENT shall be included within the Municipal Subdistrict in order to be eligible for use of Windy Gap water. COMPANY shall complete petitions for inclusion in said subdistrict and receive approval by DISTRICT for service prior to service to any user in DEVELOPMENT. 6 B 1109 REC 02050146 04/16/86 16: 33 $0. 00 61/094 F 1491 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO • 14 . COMPANY shall furnish to DISTRICT complete "as built" plans and specifications of all water system improvements installed in DEVELOPMENT. All installations, materials, and plans and specifications for water system improvements shall be in accordance with DISTRICT'S regulations and subject to review and approval by the DISTRICT. 15. Water service shall not be provided to the DEVELOPMENT until the DISTRICT receives written confirmation of purchase of Windy Gap water from the Municipal Subdistrict and/or Northern Colorado Water Conservancy District offices and the receipt of the advance Raw Water Fees and Capital Improvement Fees provided for in paragraph 16 hereof. 16. Within sixty days after execution of this Agreement, COMPANY shall pay to DISTRICT, by certified funds or cashier's check, the amounts required under this Agreement for advance Raw Water Fees and Capital Improvement Fees. Said amounts shall be in the sum of $2,000 x 71 taps or $142, 000 for Raw Water Fees and 50 taps x $1,800 or $90, 000 for 5/8" x 3/4" meter size Capital Improvement Fees (based on fees effective January 1, 1986 in accordance with the attached "Tap Fees and Supplemental Service Policy") . If said payment is not received by DISTRICT within such time period, this Agreement shall be terminated and of no further force or effect, unless provided otherwise by the parties hereto. 17 . The term of this Agreement shall be 30 years, and thereafter this Agreement shall be automatically renewed for successive 10-year terms unless cancelled as provided below. The DISTRICT and COMPANY each has the right to cancel this Agreement at the end of any of the above specified terms by giving three years prior written notice of its intent to cancel to the other party and making appropriate arrangements for the transfer and use of water rights paid for or provided by COMPANY for supplying water service within the DEVELOPMENT. 18 . COMPANY shall be bound by all rules and regulations uniformly adopted from time to time by DISTRICT concerning the administration, use and cost of water from said system of waterworks, except as otherwise expressly provided for herein. 19 . COMPANY and DISTRICT agree that, if a metropolitan district or other governmental or water provider entity is organized, this Agreement may be assigned to such district or entity, after written notice thereof is provided to DISTRICT, but that if any other transfer of ownership of the water system occurs, approval of the DISTRICT shall be first obtained. This Agreement shall be binding on any grantees and assigns of the parties hereto, if such assignment is made in accordance with the terms hereof. 7 B 1109 REC 02050146 04/16/86 16: 33 $0. 00 62/094 F 1492 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO 20. The parties hereto acknowledge that, if duly organized, the proposed metropolitan district or other such water provider entity will install, operate and maintain the water system within the DEVELOPMENT for so long as is reasonably required by law or financing considerations. Thereafter, or if no such district or entity is organized within three years after com- mencement of water service to the DEVELOPMENT, each party hereto shall cooperate to merge and consolidate all operations and responsibilities for the provision of water service to the DEVELOPMENT within one agency, namely the DISTRICT, by means of inclusion, consolidation or other such procedures available by law to accomplish this intention of the parties; provided that nothing contained herein shall be construed to obligate the DISTRICT to any specific course of action or to any action at all, and the Board of Directors of DISTRICT may act in its discretion in this regard. 21. This Agreement may be amended from time to time by agreement between the parties hereto. No amendment, modification or alteration of this Agreement shall be binding upon the parties hereto unless the same is in writing and approved by the duly authorized representatives of each party hereto. 22 . If any term, section or other provision of this Agreement shall, for any reason, be held to be invalid or unenforceable, the invalidity or unenforceability of such term, section or other provision shall not affect any of the remaining provisions of this Agreement. 23 . No waiver by either party of any right, term or . condition of this Agreement shall be deemed or construed as a waiver of any other right, term or condition, nor shall a waiver of any breach hereof be deemed to constitute a waiver of any subsequent breach, whether of the same or of a different provision of this Agreement. 24. In the event COMPANY objects to any action taken hereunder or disputes any decision made by the DISTRICT hereunder, COMPANY shall be entitled to a hearing before the Board of Directors of DISTRICT concerning such action or decision. COMPANY shall be afforded a full opportunity to present information regarding the disputed action or decision at such hearing. 25. None of the remedies provided to either party under this Agreement shall be required to be exhausted, or exercised, as a prerequisite to resort to any further relief to which it may then be entitled. Every obligation assumed by, or imposed upon, either party hereto shall be enforceable by any appropriate B 1109 REC 02050146 04/16/86 16: 33 $0. 00 63/094 F 1493 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO action, petition or proceeding at law or in equity. In addition to any other remedies provided by law, this Agreement shall be specifically enforceable by either party hereto. This Agreement shall be construed in accordance with the laws of the State of Colorado. 26. All notices required under this Agreement shall be in writing and shall be hand delivered or sent by certified mail, return receipt requested, to the following addresses: DISTRICT: 2235 Second Avenue, Greeley, Colorado 80631 COMPANY: 1551 Larimer Street, Suite 2706, Denver, Colorado 80202 Either party by notice so provided may change the address to which future notices shall be sent. All notices so' given shall be considered effective when delivered. 27. This Agreement may be executed in multiple counterparts, each of which shall constitute an original, but all of which shall constitute one and the same document. 28 . This Agreement constitutes the entire contract between the parties hereto concerning the subject matter herein, and all prior negotiations, representations, contracts, understandings or agreements pertaining to such matters are merged into, and superseded by, this Agreement. IN WITNESS WHEREOF DISTRICT and COMPANY have caused this Agreement to be executed on the day and year above written. BEE RAW D COMPANY, LTD. CENTRAL WELD COUNTY WATER DTSTRTCT cc ..,9cy,frily cta 0144',42 Pr sident AT'P We77vES$ ATTEST: x `9l c • Sec eta c (SEAL) ( S EA L) 9 1)'°' ,.r 773 B 1109 lE C 02050146 04/16/86 16: 33 $0. 00 64/094 F 1494 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO Appendix D - Landmark ENGINEERING LTD. _ B 1109 REC 02050146 04/16/86 16: 33 $0. 00 65/094 F 1495 MARY ANN FEUEP-STEIN CLERK & RECORDER WELD CO, CO March 26 , 1986 Project No. 3290-AB5K-01-487 Mr. Morris Burk 1551 Larimer Street, Suite 2706 Denver, CO 80202 RE: Beebe Draw Forms & Equestrian Center Metropolitan Service Plan - Cost Estimates For Water System Dear Morris: As your Engineer for the water system we have prepared for the Metropolitan Service Plan, cost estimates for the water system. Based on the preliminary design of the water system, we prepared cost estimates for the following: 1 . First Phase - First Filing (46 lots) 2. First Filing (195 lots) 3 . Second Filing (224 lots) 4. Third Filing (281 lots) 5 . Total Project We trust this will provide the information required by you for reviewing agencies. Should you or a reviewing agency require any additional information, please call. Respectfully submitted, LANDMARK ENGINEERING LTD. 0.--l --- J.L. Walter JLW/er Main Office 2300 West Eisenhower Blvd. Branch Office Loveland,Colorado 80537 2235 2nd Avenue Dale D. Olhausen,P.E. &L.S. Greeley, Colorado 80631 • ENGINEERS/ARCHITECTS/PLANNERS/SURVEYORS Loveland (303)667-6286 • Greeley (303) 356-6286 • Fort Collins(303) 221-5550 • Denver(303)629-1724 _ Appendix E PHASE I WATER SYSTEM COST ESTIMATES (First Filing - 195 Lots) em Estimated Unit lo. Description Quantity Unit Cost Amcunt . 12" PVC Water Main • 6,100 L.F. $ 16.50 $100,650.00 2. 10" PVC Water Main 7,700 L.F. 12.50 96,250.00 3.. 8" PVC Water Main 17,800 L.F. 9.00 160,200.00 . 6" PVC Water Main 5,700 L.F. 7.00 39,900.00 -. 2" PVC Water Main 12,800 L.F. 5.00 64,000.00 6. Fire Hydrant Assembly 28 Ea. 1,500.00 42,000.00 12" Gate Valve & Box 1 Ea. • 1,200.00 1,200.00 . 10" Gate Valve & Box 9 Ea. 900.00 8,100.00 9. 8" Gate Valve & Box 11 Ea. 650.00 7,150.00 12'. 6" Gate Valve & Box 7 Ea. 350.00 2,450.00 2 . 2" Gate Valve & Box . 19 Ea. 175.00 . 3,325.00 12. 12" 90' Bend 4 Ea. 400.00 1,600.00 13. 12" 450 Bend 2 Ea. 400.00 800.00 3 . 12" x 12" Tee 4 Ea. 400.00 1,600.00 1_. 12" x 10" Tee 1 Ea. 400.00 400.00 16. 10" x 10" Tee - 1 Ea. 375.00 . 375.00 3 . 10" x 8" Reducer 1 Ea. 300.00 300.00 ] . 10" x 8" Tee 2 Ea. 350.00 700.00 19. 10" x 8" Cross 1 Ea. 400.00 400.00 . 10" :c 6" Tee 2 Ea. 300.00 600.00 - . . 10" x 2" Tapped Tee 8 • Ea. 300.00 2,400.00 2z. 8" x 8" Tee 1 Ea. 275.00 - 275.00 23. 8" x 6" Tee 6 . Ea. 200.00 1,200.00 8" x 8" Cross 1 Ea. . 250.00 250.00 6" x 6" Tee • 2 Ea. - 200.00 400.00 26. 10" x 8" Reducer 1 Ea. 400.00 400.00 . 8" 90' Bend - 1 Ea. - 200.00 200.00 . 8" :c 6" Reducer 1 Ea. 200.00 .200.00 _9. 6" :c 2" Reducer 6 Ea. 100.00 600.00 7n. 3/4" Tap & Corp. 196 -Ea 150.00 29,400.00 .. 3/4" Service Line 8500 • L.F. • 5.00 . 42,500.00 ..2. Meter, Pit, PRV & Appurtenances 196 Ea. 350.00 68,600.00 33. Blow-Off Assembly 28 Ea. 300.00 8,400.00 : Master Meter Vault , . 1 Ea. 15,000.00 , 15,000.00' ,J. Booster Pump Station 1 L.S. 55,000.00 55,000.00 36. Electrical & Controls 1 L.S. 10,000.00 .10,000.00 I. Tank Modifications, Misc. - Fittings & Piping 1 L.S. 5,000.00 5,000.00 38. PRV Station 1 L.S. 15,000.00 15,000.00 • Total $786,825.00 B 1109 REC 02050146 04/16/86 16: 33 $0. 00 66/094 F 1496 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO Appendix F PHASE II WATER SYSTEM COST ESTIMATES (Second Filing - 224 Lots) Item Estimated Unit.. ). Description Quantity Unit - Cost - Amount 1 10" PVC Water Main & Fittings 7,000 L.F. 13.501 94,500.00 2— 8" PVC Water Main & Fittings 26,500 L.F. 10.001 265,000.00 3. 6" PVC Water Main & Fittings 2,500 L.F. 8.001 20,000.00 4 2" PVC Water Main & Fittings 8,500 L.F. 6.001 ' 51,000.00 5. Fire Hydrant Assembly - 32 Ea. 1,500.00 48,000.00 6 Meter, Pit, PRV & Appurtenances 224 Ea. 500.002 112,000.00 7 Blow-Off Assembly 18 Ea. 300.00 5,400.00 a. PRV Station 1 Ea. 15,000.00 15,000.00 Total $ 610,900.00 1. Includes fittings and appurtenances. Includes allowance for service line and corp. stop. B 1109 REC 02050146 04/16/86 16: 33 $0. 00 67/094 F 1497 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO Appendix G PHASE III WATER SYSTEM COST ESTIMATES (Third Piling — 281 Lots) Item Estimated Unit "o. Description Quantity Unit Cost Amount L 12" PVC Water Main & Fittings 7,900 L.F. $ 17.501 $ 138,250.00 10" PVC Water Main & Fittings 7,300 L.F. 13.501 98,550.00 8" PVC Water Main & Fittings 34,700 L.F. 10.001 347,000.00 4. 6" PVC Water Main & Fittings 12,800 L.F. 8.001 102,400.00 2" PVC Water Main & Fittings 13,700 L.F. 6.001 82,200.00 6. Fire Hydrant Assembly 20 Ea. 1,500.00 30,000.00 Meter, Pit, PRV & Appurtenances 281 Ea. 500.002 140,500.00 Blow-Off Assembly 14 Ea. 300.00 4,200.00 9. PRV Station 2 Ea. 15,000.00 30,000.00 Total $ 973, 100.00 1. Includes fittings and appurtenances. . Includes allowance for service line and corp. stop. • S 1109 REC 02050146 04/16/86 16: 33 $0. 00 68/094 F 1498 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO ,r '11 el Appendix H PHASE I ROAD CONSTRUCTION COST ESTIMATES Road Name Length Width Cost Beebe Draw Farms Parkway, 7515 36 $ 77,300 Beebe Draw Farms Parkway Cul-de-sac 250 ' 24 2,500 Fairbanks Drive North 2634 32 28,500 Fairbanks Drive North Cul-de-sac 2184 24 20,400 Fairbanks Drive South 870 32 9,200 Fairbanks Drive South Cul-de-sac 1272 24 12,000 Badminton Road North 1138 24 10,800 Badminton Road South 550 24 5,300 Ledyard Road North 2171 32 26,300 Ledyard Road South 1888 24 18,200 Ledyard Road South Cul-de-sac 459 24 4,600 Essex Road North 3064 32 31,500 Essex Road North Cul-de-sac. 1087 24 9,300 Essex Road South 4337 32 44,500 Essex Road South Cul-de-sac 2101 24 20,500 Fairbanks Drive South 1458 24 13,000 , Fairbanks Drive South Cul-de-sac 884 . 24 8,200 Burghley Court South 1818 24 18,800 Burghley Court South Cul-de-sac 866 24 7,400 Stoneliegh Lane South' 4827 32 50,000 Stoneliegh Lane South Cul-de-sac 1101 24 12,300 Other Drainage - - 3,600 TOTAL PHASE I - $434,200 B 1109 REC 02050146 04/16/86 16: 33 $0. 00 69/094 F 1499 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO Appendix I PHASE II ROAD CONSTRUCTION COST ESTIMATES Road Name Length Width Cost Weld County Road 32 (6-1/2 miles) 8 miles 36 $1,750,000 & Weld County Road 39 (1-1/2 miles) Subtotal, Weld County Roads $1,750,000 Beebe Draw Farms Parkway 4960 32 51,000 Fairbanks Drive South 12700 24 134,700 Fairbanks Drive South Cul-de-sac 7075 32 67,700 Stoneliegh Lane South 12300 32 130,500 Tidworth Road 3150 24 33,400 Tidworth Road Cul-de-sac 1950 32 18,700 Windsor Road 4200 32 44,600 Windsor-Tidworth Connector 525 24 5,000 Subtotal , Interior Roads $ 485,600 TOTAL PHASE II $2,235,600 B 1109 REC 02050146 04/16/86 16: 33 $0. 00 70/094 F 1500 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO • Appendix J PHASE III ROAD CONSTRUCTION COST ESTIMATES Road Name Length Width Cost Fairbanks Drive North 10050 32 $106,600 Fairbanks Drive North Cul-de-sac 6900 24 66,000 Essex Road North 900 32 9,500 Lexington Road 5250 32 55,700 Lexington Road Cul-de-sac 600 24 5,700 Wylye Court 1600 24 15,300 Wylye Court Cul-de-sac 900 24 8,600 Midland Road North 5300 32 56,200 Platte Valley Drive 4100 24 39,200 Platte Valley Drive Cul-de-sac • 550 24 5,300 • Midland Road South 6450 32 68,400 . Radnor Court 2400 24 23,000 Radnor Court Cul-de-sac 650 24 6,200 Essex Road South 2700 32 28,600 Lake Front Drive 2600 24 25,000 - Lake Park Road 4300 32 45,600 South Lakeview Circle - 8900 32 94,400 South Lakeview Circle Cul-de-sac 2275 24 21,800 TOTAL PHASE III $681,100 B 1109 REC 02050146 04/16/86 16: 33 $0. 00 71/094 F 1501 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO 7-':.:/'',73 Appendix K C Neal Carpenter A Professional Corporation Pr.,idenl Eugene R.Brauer ARIX Engineers Architects Planners Gordon W.eruchner Patrick Dwyer Robert J.Shreve Dale J.S n Greeley,CO • Riverton.WV Robert D.Thomas Provo.UT • Laramie.WV Gary a.Wind°Iph Grand Junction,CO March 26, 1986 Mr. Morris Burk Beebe Draw Land Company, Ltd. 1551 Larimer, Suite 2706 Denver, CO 80202 Dear Morris: RE: SERVICE PLAN AND COST ESTIMATE FOR BEEBE DRAW FARMS METROPOLITAN DISTRICT ARIX PROJECT NO. 83255.01 Transmitted herewith is the service plan and cost estimate for the Beebe Draw Farms Metropolitan District. The plan is broken into three phases as follows: o Phase I - Major collector road, minor collector roads and cul-de-sacs for first filing. o Phase II - County road reconstruction (8 miles) , extension of the major collector road , minor collector roads and cul-de-sacs for second filing. o Phase III - Minor collector roads and cul-de-sacs for third and fourth filing. Quantities were estimated from filing plat construction drawings, master plan, and field surveys. Costs were determined using 1985 prices derived from standard cost reference manuals. These data represent our best estimate based upon the information currently available. If you have any questions, please call . Sincerely, ARIX, Professional Corpor tion LiCe E. C. Endicott, P.E. ECE:kv B 1109 REC 02050146 04/16/86 16: 33 $0. 00 72/04 F 1502 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO 800 Eighth Avenue P.O.Box 2021 Greeley,CO 80632-2021 303-356-3930 ., „.;;-...7;1.3 Appendix L Pruderdal-Bache _ David P.Bell Anderson DeMonbrun Division Assistant Vice President April 8 , 1986 Mr. Morris Burk Beebe Draw Farms Metropolitan District 1551 Larimer Street Denver, Colorado 80202 Dear Morris: Pursuant to consultation with the Beebe Draw Land Company and Collins and Cockrel, Attorneys at Law, it has been determined that the construction of certain public improvements for the Beebe Draw Farms Metropolitan District will be financed with funds provided by the issuance of General Obligation Bonds to be authorized and issued in accordance with the authorizing act of the Colorado State Legislation. It has been determined that the bonds will be issued in four series, namely Series 1986, Series 1986A, Series 1988 and Series 1990. Furthermore, it is estimated that the bonds, when issued, will mature within a period not to exceed 20 years from the date of issuance. The proposed maximum interest rate for the bonds will be 18% and the maximum discount shall not exceed 4%. The interest rate is estimated at 10% and a discount of 3 .9% for the attached financ- ing plan. The exact interest rate and discount will be estab- lished at the time the bonds are sold by the District and will reflect market conditions at such time. The source of revenue to the District for the repayment of the bonded indebtedness will be a mill levy estimated to be 35 mills, income from water tap fees estimated to be $2000 per new tap and a development fee of $5000 per lot. Additionally, a secondary development fee of $8000 per lot is required to repay the Series 1986A short term debt issuance you have proposed. Finally, it is anticipated that the bonds will be sold on a non-rated basis with the exception of the Series 1986A issue. It has been determined that the 1986A issue will need some type of credit enhancement as security for the entire principal amount of the bond issue. B 1109 REC 02050146 04/16/86 16: 33 $0. 00 73/094 F 1503 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO ': Prudential-Bache Securities Page two Thank you for allowing us the opportunity to assist you with the District's formation and future financing. I look forward to working with you in the months ahead. Very truly yours, PRUDENTIAL-BACHE SECURITIES INC. David P. Bell Assistant Vice President B 1109 REC 02050146 04/16/86 16: 33 $0. 00 74/094 F 1504 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO f ,"' 73 Prudential-Bache Securities Appendix M BEEBE DRAW FARMS METROPOLITAN DISTRICT SERIES 1986 SOURCE AND USE OF FUNDS SOURCE Proceeds from Bond Issue $3 , 585, 000 Interest Income During Construction 23 , 990 Total $3 , 608, 990 USE Construction Proceeds $2 , 650, 000 Capitalized Interest 719, 175 Underwriter's Discount 139, 815 Cost of Issuance (Estimated) 75, 000 Organization Expense 25, 000 Total $3 , 608, 990 B 1109 REC 02050146 04/16/86 16: 33 $0. 00 75/094 F 1505 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO --------___-- Prudential-Bache ecun ties B 1109 REC 02050146 04/16/86 16: 33 $0. 00 76/094 PHASE 1 F 1506 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO -SEMIANNUAL DEBT SERVICE FROM 12/01/86 DATE PRINCIPAL RATE INTEREST TOTAL ANNUAL 6/01/87 180,500.00 180,500 .00 12/01/87 180,500 .00 180,500.00 361,000.00 6/01/88 180,500 .00 180,500 .00 -12/01/88 180 ,500.00 180,500 .00 361,000.00 6/01/89 180,500.00 180,500 .00 12/01/89 80 ,000 .00 10.000 180,500 .00 260,500 .00 441,000 .00 6/01/90 176,500 .00 176,500 .00 12/01/90 90,000 .00 10 .000 176,500 .00 266,500 .00 443,000 .00 6/01/91 172,000 .00 172,000.00 12/01/91 95,000 .00 10.000 172,000 .00 267,000 .00 439,000.00 6/01/92 167 ,250 .00 167 ,250 .00 12/01/92 105,000.00 10.000 167,250 .00 272,250 .00 439,500.00 6/01/93 162,000 .00 162,000 .00 12/01/93 115,000.00 10.000 162,000 .00 277,000 .00 439,000.00 6/01/94 156,250 .00 156,250 .00 12/01/94 125,000.00 10 .000 156,250.00 281,250 .00 437,500 .00 - 6/01/95 150 ,000 .00 150 ,000 .00 12/01/95 140 ,000.00 10.000 150,000 .00 290,000 .00 440 ,000.00 6/01/96 143 ,000 .00 143,000 .00 12/01/96 155,000.00 10.000 143,000 .00 298,000 .00 441,000 .00 6/01/97 135 ,250 .00 135,250 .00 12/01/97 170,000 .00 10.000 135,250 .00 305,250 .00 440,500 .00 6/01/98 126,750 .00 126,750 .00 -12/01/98 185,000 .00 10.000 126,750.00 311,750 .00 438,500 .00 6/01/99 117 ,500 .00 117 ,500 .00 12/01/99 205,000 .00 10 .000 117,500.00 322,500 .00 440 ,000.00 6/01/ 0 107,250 .00 107 ,250 .00 12/01/ 0 225,000.00 10.000 107 ,250.00 332,250 .00 439,500 .00 6/01/ 1 96,000 .00 96,000 .00 .2/01/ 1 250 ,000 .00 10 .000 96,000 .00 346,000 .00 442,000.00 - 6/01/ 2 83,500 .00 83,500 .00 12/01/ 2 275,000.00 10.000 83,500 .00 358,500.00 442,000 .00 6/01/ 3 - 69,750 .00 69,750 .00 --12/01/ 3 300,000.00 10.000 69,750 .00 369,750 .00 439,500 .00 6/01/ 4 54,750.00 54,750 .00 12/01/ 4 330,000 .00 10.000 54,750 .00 384,750.00 439,500.00 _ 6/01/ 5 38,250 .00 38,250 .00 12/01/ 5 365,000.00 10.000 38,250 .00 403,250 .00 441,500 .00 6/01/ 6 20,000.00 20 ,000 .00 12/01/ 6 400,000.00 10 .000 20,000 .00 420 ,000 .00 440,000 .00 TOTAL 3,610 ,000 .00 5,035,000 .00 8,645,000 .00 ACCRUED THRU 12/01/86 0 .00 0 .00 _NET COST 5 ,035 ,000 .00 8,645 ,000 .00 c ,- .^p AVERAGE COUPON 10 .000 cm "1 BOND YEARS 50,350.000 AVERAGE LIFE 13 .947 Prudential-Bache Secunhes DRAW SCHEDULE FOR SERIES 1986 CONSTRUCTION DRAWDOWN SCHEDULE STARTING INTEREST LESS BALANCE DATE BALANCE RATE INCOME DRAWDOWN FORWARD 12-01-86 2,626,010 .06 - 12-01-86 2,626,010.06 0.00000 0 .00 2,000 ,000.00 626,010 .06 01-01-87 626,010 .06 7.00000 3 ,651.73 54,165 .00 575 ,496.79 02-01-87 575,496.79 7.00000 3,357 .06 54,165.00 524, 688.85 03-01-87 524,688.85 7.00000 3 ,060 .68 54,165 .00 473,584.53 04-01-87 473,584.53 7.00000 2,762.58 54,165.00 422,182.11 05-01-87 422,182.11 7.00000 2,462.73 54,165 .00 370 ,479. 84 06-01-87 370 ,479 .84 7.00000 2,161.13 54,165.00 318,475.97 07-01-87 318,475.97 7.00000 1,857 .78 54,165 .00 266 ,168.75 08-01-87 266,168.75 7.00000 1,552.65 54,165.00 213,556.40 09-01-87 213 ,556.40 7 .00000 1,245.75 54,165 .00 160 ,637 .15 - 10-01-87 160 ,637 .15 7.00000 937.05 54,165.00 107 , 409.20 11-01-87 107 ,409 .20 7.00000 626.55 54,165.00 53,870 .75 12-01-87 53,870 .75 7.00000 314.25 54,185.00 0 .00 TOTAL 23 ,989 .94 2,650 ,000 .00 B 1109 REC 02050146 04/16/86 16: 33 $0.W00 77/094CO F 1507 MARY ANN FEUERSTEIN CLERK & RECORDER WELD 7C7O/, Prudential-Bache Securities B 1109 REC 02050146 04/16/86 16: 33 $0. 00 78/094 F 1508 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO BEEBE DRAW FARMS METROPOLITAN DISTRICT SERIES 1986 A SOURCE AND USE OF FUNDS SOURCE Proceeds from Bond Issue $2 , 125, 000 Total $2, 125, 000 USE Construction Proceeds $2 , 000, 000 Underwriter's Discount 85, 000 Cost of Issuance (Estimated) 40 , 000 -- Total $2 , 125, 000 Prudential-Bache __ Securities B 1109 REC 02050146 04/16/86 16: 33 $0. 00 79/094 F 1509 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO - PHASE 1A SEMIANNUAL DEBT SERVICE FROM 12/01/86 DATE PRINCIPAL RATE INTEREST TOTAL ANNUAL 6/01/87 85 ,000 .00 85,000 .00 - 12/01/87 365,000.00 8.000 85,000.00 450 ,000 .00 535,000.00 6/01/88 70 ,400 .00 70 ,400 .00 12/01/88 390 ,000 .00 8.000 70 ,400 .00 460,400.00 530,800 .00 - 6/01/89 54,800 .00 54,800 .00 12/01/89 420 ,000.00 8.000 54,800.00 474,800 .00 529,600 .00 6/01/90 38,000.00 38,000 .00 _ 12/01/90 455,000.00 8.000 38,000 .00 493,000.00 531,000 .00 6/01/91 19,800 .00 19 ,800 .00 12/01/91 495,000.00 8.000 19,800.00 514,800 .00 534,600 .00 -- TOTAL 2,125,000 .00 536,000.00 2,661,000 .00 ACCRUED THRU 12/01/86 0.00 0 .00 NET COST 536,000 .00 2,661,000 .00 AVERAGE COUPON 8.000 BOND YEARS 6,700.000 - AVERAGE LIFE 3.153 PREPARED ON April 07, 1986 ------------------ Prudential-Bache — - ---_- - Securities B 1109 REC 02050146 04/16/86 16: 33 $0. 00 80/094 F 1510 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO BEEBE DRAW FARMS METROPOLITAN DISTRICT SERIES 1988 SOURCE AND USE OF FUNDS SOURCE Proceeds from Bond Issue $4 , 135, 000 Interest Income during Construction 228,925 Total $4 , 363 , 925 USE Construction Proceeds $3 , 300, 000 Capitalized Interest 827, 660 Underwriter' s Discount 161, 265 Cost of Issuance (Estimated) 75, 000 Total $4 , 363 , 925 Prudential-Bache - B 1109 REC 02050146 04/16/86 16: 33 $0. 00 81/094 F 1511 MARY ANN FEUERSTEIN CIE RK & RECORDER WELD CO, CO PHASE 2 - SEMIANNUAL DEBT SERVICE FROM 12/01/88 DATE PRINCIPAL RATE INTEREST TOTAL ANNUAL 6/01/89 206 ,750 .00 206,750 .00 12/01/89 206,750 .00 206,750.00 413,500.00 6/01/90 206,750 .00 206,750 .00 12/01/90 206,750 .00 206,750.00 413,500 .00 6/01/91 206 ,750 .00 206,750.00 12/01/91 90,000 .00 10.000 206,750.00 296,750.00 503,500.00 - 6/01/92 202,250 .00 202,250 .00 12/01/92 100,000.00 10 .000 202,250 .00 302,250 .00 504,500 .00 6/01/93 197,250 .00 197,250 .00 - 12/01/93 110 ,000.00 10.000 197,250.00 307,250.00 504,500 .00 6/01/94 191,750 .00 191,750 .00 12/01/94 120,000.00 10 .000 191,750 .00 311,750 .00 503 ,500 .00 6/01/95 185,750.00 185,750.00 - 12/01/95 130,000 .00 10.000 185,750 .00 315,750.00 501,500 .00 6/01/96 179,250 .00 179,250 .00 12/01/96 145,000.00 10 .000 179,250.00 324,250.00 503,500.00 - 6/01/97 172,000 .00 172,000 .00 12/01/97 160,000.00 10.000 172,000.00 332,000.00 504,000.00 6/01/98 164,000 .00 164,000 .00 12/01/98 175,000.00 10.000 164,000.00 339,000.00 503,000.00 6/01/99 155,250 .00 155,250 .00 12/01/99 195,000.00 10.000 155,250 .00 350,250.00 505,500 .00 6/01/ 0 145 ,500 .00 145,500.00 - 12/01/ 0 215,000.00 10.000 145,500 .00 360,500 .00 506,000 .00 6/01/ 1 134,750 .00 134,750 .00 12/01/ 1 235,000 .00 10.000 134,750 .00 369,750.00 504,500.00 6/01/ 2 123,000 .00 123,000 .00 12/01/ 2 260,000.00 10.000 123,000.00 383,000.00 506,000 .00 6/01/ 3 110 ,000 .00 110 ,000 .00 12/01/ 3 285,000.00 10.000 110,000.00 395,000 .00 505,000.00 6/01/ 4 95 ,750 .00 95,750.00 12/01/ 4 315,000.00 10.000 95,750 .00 410,750.00 506,500.00 6/01/ 5 80,000 .00 80,000 .00 - 12/01/ 5 345,000.00 10.000 80 ,000.00 425,000.00 505,000.00 6/01/ 6 62,750 .00 62,750 .00 12/01/ 6 380,000.00 10.000 62,750 .00 442,750 .00 505,500 .00 - 6/01/ 7 43,750 .00 43,750 .00 12/01/ 7 415,000.00 10.000 43,750.00 458,750 .00 502,500.00 6/01/ 8 23 ,000 .00 23,000 .00 12/01/ 8 460,000.00 10.000 23 ,000.00 483,000.00 506,000 .00 TOTAL 4,135,000 .00 5 ,772,500 .00 9,907 ,500 .00 ACCRUED THRU 12/01/88 0 .00 0 .00 - NET COST 5,772,500 .00 9,907 ,500.00 11 AVERAGE COUPON 10 .000 '-. 9 BOND YEARS 57 ,725.000 AVERAGE LIFE 13 .960 Prudential-Bache -- --- ----- ecunhes B 1109 REC 02050146 04/16/86 16: 33 $0. 00 82/094 F 1512 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO DRAW SCHEDULE FOR SERIES 1988 CONSTRUCTION DRAWDOWN SCHEDULE STARTING INTEREST LESS BALANCE DATE BALANCE RATE INCOME DRAWDOWN FORWARD - 12-01-88 3 ,071,076. 16 01-01-89 3,071,076.16 7.00000 17,914.61 137,500.00 2,951,490 .77 02-01-89 2,951,490.77 7.00000 17,217.03 137,500 .00 2,831,207. 80 03-01-89 2,831,207.80 7.00000 16,515.38 137,500 .00 2,710,223.18 04-01-89 2,710,223.18 7.00000 15,809.64 137 ,500.00 2,588,532.82 05-01-89 2,588,532.82 7.00000 15,099.77 137,500.00 2,466,132.59 06-01-89 2,466,132.59 7.00000 14,385.77 137 ,500.00 2,343 ,018.36 - 07-01-89 2,343,018.36 7.00000 13,667.61 137,500.00 2,219,185. 97 08-01-89 2,219,185.97 7.00000 12,945.25 137,500.00 2,094,631. 22 09-01-89 2,094,631.22 7.00000 12,218.68 137,500.00 1,969,349.90 10-01-89 1,969,349.90 7.00000 11,487.87 137,500.00 1,843,337 .77 I 11-01-89 1,843,337.77 7.00000 10,752.80 137,500.00 1,716,590 .57 I 12-01-89 1,716,590.57 7 .00000 10 ,013.44 137 ,500.00 1,589 ,104.01 01-01-90 1,589,104.01 7.00000 9,269.77 137,500.00 1,460,873.78 02-01-90 1,460 ,873 .78 7.00000 8,521.76 137 ,500.00 1,331,895 .54 03-01-90 1,331,895.54 7.00000 7,769.39 137,500.00 1,202,164.93 04-01-90 1,202,164.93 7.00000 7,012.63 137 ,500 .00 1,071,677.56 - 05-01-90 1,071,677.56 7.00000 6,251.45 137,500.00 940 ,429.01 06-01-90 940 ,429.01 7.00000 5,485.84 137,500.00 808,414.85 07-01-90 808,414.85 7.00000 4,715.75 137,500.00 675,630.60 _ 08-01-90 675,630.60 7.00000 3,941.18 137,500.00 542,071.78 09-01-90 542,071.78 7.00000 3,162.09 137,500.00 407,733.87 10-01-90 407,733.87 7.00000 2,378.45 137,500.00 272,612.32 11-01-90 272,612.32 7.00000 1,590.24 137,500.00 136,702.56 - 12-01-90 136,702.56 7.00000 797. 43 137,500.00 -0.01 TOTAL 228,923.83 3,300,000 .00 Prudential•Bache Securities B 1109 REC 02050146 04/16/86 16: 33 $0. 00 83/094 F 1513 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO BEEBE DRAW FARMS METROPOLITAN DISTRICT SERIES 1990 SOURCE AND USE OF FUNDS SOURCE Proceeds from Bond Issue $2 , 325, 000 Interest Income During Construction 128 , 341 Total $2 , 453 , 341 USE Construction Proceeds $1,850, 000 Capitalized Interest 462 , 666 Underwriter's Discount 90, 675 Cost of Issuance (Estimated) 50, 000 Total $2, 453 , 341 Prudential-Bache — — — — �— - B 1109 REC 02050146 04/16/86 16: 33 $0. 00 84/094 F 1514 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO PHASE 3 - SEMIANNUAL DEBT SERVICE FROM 12/01/90 DATE PRINCIPAL RATE INTEREST TOTAL ANNUAL 6/01/91 116 ,250 .00 116,250 .00 12/01/91 116,250.00 116,250 .00 232,500 .00 _ 6/01/92 116,250 .00 116,250 .00 12/01/92 116,250 .00 116,250 .00 232,500 .00 6/01/93 116,250 .00 116,250 .00 12/01/93 50 ,000 .00 10 .000 116,250.00 166,250 .00 282,500 .00 6/01/94 113 ,750 .00 113 ,750 .00 12/01/94 60 ,000 .00 10 .000 113,750 .00 173,750 .00 287,500 .00 6/01/95 110 ,750 .00 110 ,750 .00 - 12/01/95 60 ,000.00 10 .000 110,750.00 170 ,750.00 281,500 .00 6/01/96 107 ,750 .00 107 ,750 .00 12/01/96 65,000 .00 10.000 107 ,750 .00 172,750 .00 280,500.00 6/01/97 104,500 .00 104,500 .00 12/01/97 75,000.00 10.000 104,500.00 179 ,500 .00 284,000 .00 6/01/98 100 ,750 .00 100 ,750 .00 12/01/98 80,000.00 10.000 100,750.00 180 ,750.00 281,500 .00 - 6/01/99 96,750 .00 96,750 .00 12/01/99 90 ,000.00 10.000 96,750 .00 186,750 .00 283,500.00 6/01/ 0 92,250 .00 92,250 .00 - 12/01/ 0 100 ,000 .00 10.000 92,250.00 192,250 .00 284,500 .00 6/01/ 1 87,250.00 87,250 .00 12/01/ 1 110,000.00 10.000 87,250 .00 197,250 .00 284,500 .00 6/01/ 2 81,750.00 81,750.00 12/01/ 2 120,000.00 10.000 81,750 .00 201,750 .00 283,500 .00 6/01/ 3 75,750 .00 75,750 .00 12/01/ 3 130,000 .00 10 .000 75,750.00 205,750 .00 281,500 .00 6/01/ 4 69,250.00 69,250.00 12/01/ 4 145,000.00 10.000 69,250.00 214,250 .00 283,500 .00 6/01/ 5 62,000 .00 62,000 .00 12/01/ 5 160 ,000.00 10.000 62,000.00 222,000 .00 284,000 .00 6/01/ 6 54,000 .00 54,000 .00 12/01/ 6 175,000.00 10.000 54,000.00 229,000.00 283,000 .00 6/01/ 7 45,250 .00 45,250 .00 - 12/01/ 7 195,000 .00 10 .000 45,250 .00 240 ,250.00 285,500 .00 6/01/ 8 35,500.00 35,500 .00 12/01/ 8 215,000.00 10.000 35,500.00 250 ,500 .00 286,000.00 - 6/01/ 9 24,750.00 24,750 .00 12/01/ 9 235,000.00 10.000 24,750 .00 259,750.00 284,500.00 6/01/10 13,000 .00 13,000 .00 12/01/10 260 ,000.00 10.000 13,000 .00 273 ,000.00 286,000 .00 TOTAL 2,325 ,000 .00 3,247,500 .00 5,572,500 .00 ACCRUED THRU 12/01/90 0 .00 0.00 - NET COST 3,247,500.00 5,572,500 .00 AVERAGE COUPON 10 .000 BOND YEARS 32,475.000 AVERAGE LIFE 13 .968 Prudential-Bache ---- — Secunnes B 1109 REC 02050146 04/16/86 16: 33 $0. 00 85/094 F 1515 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO DRAW SCHEDULE FOR SERIES 1990 CONSTRUCTION DRAWDOWN SCHEDULE STARTING INTEREST LESS BALANCE DATE BALANCE RATE INCOME DRAWDOWN FORWARD - 12-01-90 1,721 ,659.02 01-01-91 1,721,659.02 7.00000 10,043.01 77,080 .00 1,654, 622.03 02-01-91 1,654,622.03 7.00000 9,651.96 77,080 .00 1,587 ,193 .99 03-01-91 1,587,193.99 7.00000 9,258.63 77,080 .00 1,519 ,372.62 04-01-91 1,519 ,372.62 7.00000 8,863 .01 77,080 .00 1,451,155 . 63 05-01-91 1,451,155. 63 7 .00000 8,465.07 77,080 .00 1 ,382,540 .70 06-01-91 1,382,540 .70 7 .00000 8,064.82 77,080 .00 1,313,525.52 07-01-91 1,313,525.52 7.00000 7,662.23 77,080 .00 1,244,107 . 75 08-01-91 1,244,107 .75 7.00000 7,257.30 77,080.00 1,174,285.05 09-01-91 1,174,285.05 7.00000 6,850 .00 77,080.00 1,104,055.05 - 10-01-91 1,104,055.05 7.00000 6,440 .32 77,080 .00 1,033 ,415 .37 11-01-91 1,033, 415.37 7.00000 6,028.26 77 ,080 .00 962,363. 63 12-01-91 962,363 .63 7 .00000 5,613 .79 77 ,080.00 890,897 . 42 01-01-92 890,897 .42 7.00000 5,196.90 77,080 .00 819,014.32 02-01-92 819 ,014.32 7 .00000 4,777 .58 77 ,080 .00 746,711.90 03-01-92 746,711.90 7.00000 4,355.82 77,080 .00 673,987.72 04-01-92 673, 987.72 7 .00000 3,931. 60 77,080 .00 600 ,839 .32 05-01-92 600,839.32 7.00000 3,504.90 77,080.00 527,264.22 06-01-92 527,264.22 7.00000 3,075.71 77 ,080 .00 453 ,259 .93 07-01-92 453,259.93 7.00000 2,644.02 77 ,080 .00 378,823.95 - 08-01-92 378,823 .95 7.00000 2,209 .81 77 ,080 .00 303,953 .76 09-01-92 303,953.76 7.00000 1,773.06 77,080 .00 228,646.82 10-01-92 228,646.82 7.00000 1,333 .77 77,080.00 152,900 .59 _ 11-01-92 152,900.59 7.00000 891.92 77,080 .00 76,712.51 12-01-92 76,712.51 7.00000 447 .49 77,160 .00 0 .00 TOTAL 128,340 .98 1,850 ,000 .00 .-• - .. 4 N N N IV N E N N N N N OY M O N M N r r r n O V a n m m a pp C3. u2.m 6: rnn r N O R c0 O N 8.NW N ''1 .N-. .Oi W r2'r CF m0 N O J 6 m N ^ 0 N n M b N N o N P O N m M ^ m fn M 00 0MP _ 00NNP m m (T,; S} fr N M O M b n P O ti N M M b W P N N N YVr Spa L O M P P P N. 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E 3 a .-I H RI -.... 41 1 §{ ami N a w 1/40 W O • ER3 } �� fzgsbnmabaPaammmmabxaa0 .--, c., E { o ( Lc 1Z U f nnnnnnnnnnnnnnnnnnNN£l� t � N z { an ' ua !I s ' agak a Oo 898^ R .+ NNn n n n n ni ii i .,13 iii co N y + '^ i,N, .^.R.^,.N NNN P+ NNNNNNNNN irl VI 4 g a�aaEsaE fEttERaaaaa111111 w w Iv - 1 as I Z NI F- n �. : ,- ,i] J t I I Ct J - - O o I OQ M a F— • 1 m ct Q x = o w3 `` / ' cn �� !� �Q� w CC Q 6£4i-80M r ,, D M 99 8 ^ F M 59 a 0 M99 o ` i _ 1 1 M99 el - z 7 '+ b MF O - , ; - I _1.73' - ^ ) e I - u.2 ir3/4 3 t i . ! iI J e � _ I 0=r ! A_ , � f— it- Sill 9 t' I _ 98 AMH B 1109 REC 02050146 04/16/86 16: 33 $0. 00 89/094 F 1519 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO e.- ! Y•1 ''' . 1- . r:i I ti-4 i , I\ '�. _ , r C =I W S._ ' ., . Y li - f 1. �1 .II II r - r" If a •, d' O vl! 1 ON U �. - I m a S' !" - i i o I� W<� 1 L 'ate r m c10 F! 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Y 1.= _ : ,.. i ,-, :1 .4 .1 ; 4-.. .F., 'i i 1 p., L11 i ' '++' 3�ps � 3' I �� •If 1 4 t N •r'I 0‘4_,F..„.-" +-1. ti 1 t! — '!Z NOTICE OF HEARING DOCKET #86-31 PUBLIC NOTICE IS HEREBY GIVEN that there was filed with the County Clerk and Recorder of Weld County, Colorado, a Service Plan and related documents for the proposed Beebe Draw Farms Metropolitan District. The Service Plan and related documents are now on file in the office of the Clerk and Recorder and the Board of County Commissioners and are available for public inspection. NOTICE IS FURTHER GIVEN, that, by Order of the County Commissioners of Weld County, Colorado, a public hearing on said Service Plan and related documents will be held in the Chambers of the Board, First Floor, Weld County Centennial Center, 915 10th Street, Greeley, Colorado, at 2:00 p.m. , on Wednesday, the 14th day of May, 1986. The purpose of the hearing shall be to consider the adequacy of the Service Plan of the proposed Beebe Draw Farms Metropolitan District and form a basis for adopting a Resolution approving, conditionally approving, or disapproving the Service Plan. The proposed district is located entirely within the unincoporated area of Weld County, Colorado. A general description of the land contained within the boundaries of the proposed district is the Rezoning Plat of Beebe Draw Farms and Equestrian Center, A Planned Unit Development, according to the recorded plat thereof, Reception No. R1992773, with the County Clerk and Recorder of Weld County, Colorado, located in Sections 3, 4, 5, 8, 9 and 10, Township 3 North, Range 65 West of the 6th Principal Meridian, Weld County, Colorado, as more specifically set forth in the Service Plan and related documents which are on file with the County Clerk and Recorder. Notice is further given that any time after the filing of the petition for the organization of the proposed district in the District Court for the County of Weld, but no later than ten (10) days before the hearing on the Petition, in accordance with the provisions of the statute, the owner of any real property within the proposed district may petition the District Court to exclude his property and the District Court, not the Board of County Commissioners, shall determine whether said property should be excluded. THIS NOTICE IS GIVEN BY ORDER of the Board of County Commissioners of Weld County, Colorado, this 23rd day of April, 1986. BOARD OF COUNTY COMMISSIONERS WELD COUNTY, COLORADO BY: MARY ANN FEUERSTEIN COUNTY CLERK AND RECORDER AND CLERK TO THE BOARD BY: Mary Reiff, Deputy PUBLISHED: April 24 and May 1 and 8, 1986, in the Johnstown Breeze 0, ; {7.7,13 Affidavit of Publication STATE OF' COLORADO) Counts of Weld) ss. of said Count'of Weld being duly sworn, say that I am publisher of - - Ihat the same is a weekly newspaper of general circulation was printed and published in the town of in said county and state: that the notice oladver- tisement.of which the annexed is a true copy has been published in said weekly newspaper for ..e lcs: that the ,, .ice published in , regular and entire ., issue of every number of said newspaper during the period and time of publica- tion of said notice and in the newspaper proper and not in a supplement thereof: Ihat the firs[ LEGAL ��,�. publication of said notice was contained in the issue of said newspaper bearing the date. the DOCKET NO.86-17 Clerk to the Board's Office shall be Pursuant to a Resolution of the advised in wrting of such action at - date of L'(:h;',• A.D.. 19 Board of County Commissioners of least five days prior to the hearing. Weld County, Colorado, dated The cost of engaging a court and the last publication thereof, in the issue of December 4, 1985,notice is hereby reporter shall be borne by the given that the Board will convene requesting party. said newspaper.bearing date.the -' j day of as the Beebe Draw Law Enforce- ment District Board in its Cham- BOARD OF COUNTY . 19 `:that the said hers in the Weld County Centennial COMMISSIONERS Canter,915 10th Street,First Floor, WELD.COUNTY,COLORADO v.A Greeley, Colorado,on the 2nd day BY:MARY ANN FEUERSTEIN ' . ... of April, 1986, at 2:00 P.M. COUNTY CLERK & RECORDER has been published eonunously and uninter- ruptedlyShould any interested party desire AND CLERK TO THE BOARD during the period of at least fifty-two the presence of a court reporter to consecutive weeks next prior to the first issue make a record of the proceedings, BY:Mary Reiff, thereof containing said notice or advertisement in addition to the taped record. Deputy above referred to: and that said newspaper was which .Will be kept during the DATED: March 12, 1986 hearing, the Clerk to the Board's at the time of each of the publications of said office can be contacted for a list of notice duly qualified for that purpose within the court reporters in the area. If a Published in the Platteville Herald meaning of an act entitled. "An Act Concerning court reporter is obtained, the March 20, 1986. Legal Notices. Advertisements and Publications and the Fees of Printers anti Publishers thereof and to Repeal all Acts and Parts of Acts in Con- flict with the Provisions of this Act" approved April 7. 1921. and all amendments thereof. and particularity as amended by an art approved. March 30. 1923- and an act approved May 13. 1,93-17 Publisher • Subscribed andsworn to before �� me this day of / /i f(; A.D.. 19 17 Ni,t n/l'uhlic '7/ r tic 1 i' My commission expires ' Affidavit of Publication LEGAL NOTICE NOTICE OF HEARING STATE OF COLORADO) DOCKET NO. 86-31 County of Weld) SS. PUBLIC NOTICE IS HEREBY GIVEN that there was filed with the ( - ,-,� ' of County Clerk and Recorder of Weld County, Colorado, a Service Plan and`related documents for the said County of Weld bring doIv sworn, say That I proposed Beebe Draw Farms am publisher of - - Metropolitan District. The Service i t Plan and related documents are ''l r now now on tile inthe offi e of the Clerk that the same is a weekly newspaper of general and Recorder and the t Board rof e circulation was printed and published in the County Commissioners and are [own of available for public inspection. 1 O - r " NOTICE IS FURTHER. GIVEN, in said county and state: that the notice of adver- that, by Order of the County tisement,of which the annexed is a true copy has Commissioners of Weld County, Colorado a public hearing On said been published in said weekly newspaper for Service Plan and related docu- ments will be held in the Chambers rc- -sic lxiye of the Board, First Floor, Weld County Centennial Center,915 10th weeks; that the notice was published in the Street, Greeley Colorado, at 2:00 regular and entire issue of every number of said p.m.,on Wednesday,the 14th day of newspaper during the period and time of publica- May 1916. tion of said notice and in the newspaper proper The purpose of the hearing shall be and not in a supplement thereof: that the first to consider the adequacy of the publication of said notice was contained in the Service Plan of the proposed Beebe Draw Farms Metropolitan District issue of said newspaper bearing the date, the and term a basis for adopting a Resolution approving,conditionally date of A.D.. 19 approving, or disapproving the Service Plan. and the last publication thereof, in the issue of The proposed district is located said newspaper.bearing date.the 1_ day of entirely within the unincorporated area of Weld County, Colorado. A . 19 :teal the said general description o7—fhe land THIS NOTICE IS GIVEN BY contained within the boundaries of ORDER of the Board of County the proposed district is the Commissioners of Weld County, t ,t Retuning Plat of Beebe Draw Colorado, this 23rd day of April, r - ` Farms and Equestrian.Center, A 1986. has been published contmously and un inter- Planned Unit Development, accor- ruptedly during the period of at least fifty-two ding to the recorded olat thereof, BOARD OF COUNTY consecutive weeks next prior to the first Issue Reception No. R1992773, with the COMMISSIONERS thcrcol containing said notice or advertisement County Clerk and Recorder of Weld WELD COUNTY,COLORADO County, Colorado, located in above referred to: and that said newspaper was Sections 3, 4, 5, 8, 9, and 10, BY: MARY ANN FEUERSTEIN at the time of each of the publications of said Township 3 North,Range 65 West Of COUNTY CLERK & RECORDER notice duly qualified for that purpose within the the 61 Principal Meridian, Weld AND CLERK TO THE BOARD County, Colorado, as more spe- mfaning of an act entitled. -'An Act Concerning cifically set forth in the Service BY:Mary Reiff, Legal Notices. Advertisements and Publications Plan and related documents which Deputy and the Fees of Printers and Publishers thereof, are on file with the County Clerk and Repeal all Acts and Parts of Acts in Con- and Recorder. Published in the Platteville Herald to Re p May 1, 1986. flirt with the Provisions of this Ad" approved Notice is further given that any April 7. 1921. and all amendments thereof and time after the filing of the petition for the organisation of the proposed particularity as amended by an act approved. district in the District Court for the March 3(k..1923. and an act approved May 13. County of Weld, but no later than 1931. 1 ten(lot days before the hearing on the Petition,in accordance with the -,, ♦ ,, provisions of the statute,the owner cG�q "` of any real property within the pro- /, Publisher posed district may petition the a District Court to exclude his pro- Subscribed and sworn to before me this -X. perty and the District Court,not the Board of County Commissioners, shall determine whether said 1f, property should be excluded. day of 1 ,Pf _ A.D.. 19 " ,, -- �.._ : - >, , L,Ltk.JC, Notary Public l_: My commission expires -- ' ,NOTICE OF HEARING .. DOCKET NO. Sell PUBLIC NOTICE IS HEREBY GIVEN that there was filed with AFFIDAVIT OF PUBLICATION the County Clerk and Recorder of Weld County, Colorado, ua Service Plan and related docu- ments for the proposed Beebe Draw Farms Metropolitan:District. T H E JOHNSTOWN H N S TO W N BREEZE The Service Plan and related STATE OF' COLORADO ) documents are now on file in the office of the Clerk and Recorder 1 SS and the Board of County Corn- COUNTY OF WELD i missers and are'available. for public inspection. I, Clyde Briggs, do solemnly swear that I NOTICE IS FURTHER GIVEN, am publisher of The Johnstown Breeze; that,Cby ommission of the County that the same is a weekly newspaper Commissioners of Weld County, Colorado, a public hearing on printed, in whole or in part, and published said Service Plan and related documents will be held in the in the County of Weld, State of Colorado, Chambers Weld of theCentennial and has a general circulation therein; that Center,915 10th Street,Greeley, said newspaper has been published Colorado, et 4 p.m., On continuously and uninterruptedly in said Wednesday,the 14th day of May, 1986. County of Weld for a period of more than The purpose of the hearing shall fifty-two consecutive weeks prior to the be to consider the adequacy of first publication of the annexed legal notice the Service Plan of the proposed Beebe Draw Farms Metropolitan or advertisement; that said newspaper has for and Resolution basis approving, been admitted to the United States mails as conditionally approving, or-dis- second-class matter under the provisions of approving the.Service Plan. the Act of March 3, 1879, or any entirely�withndithecunincoaporr-- amendments thereof, and that said ated area of Weld County, newspaper is a weekly newspaper duly Colorado A general description qualified for publishing legal notices and of the land contained within the boundaries iss the f Rezon proposed dis- trict Plat the of advertisements within the meaning of the Beebe Draw Farms and Eques- laws of the State of Colorado. trian Center, A Planned Unitevelopment, according to the That the annexed legal notice or advertise- recorded plat thereof, Reception No: R1992773, with the County meld was published in t110 regular and Clerk and Recorder of Weld entire issue of every number of said weekly County, Colorado, located m newspaper for the period of ..3. consecu- whth m Qwhship 3 North, Ran 85 IIVe Insertions; and that the first West of the 6th Principalee tan, Weld County, Colorado, as publication of said notice was in the issue of more specifically set forth in theService Plan and said newspaper dated `�.—2..'l. :1.1). 1`.,. ments which are on fileewith othe and that lastpublicationaced2 of said notice county Clerk and Recorder. was in the issue of said newspaper dated Notice is further given that any ,g-- ., A.D. 19 time after the filing of the petition for the organization of the In witness whereof I have hereunto set proposed district in the District my hand this day 0ffl3 y Court.for the County of weld.but / no later than ten(10)days before A.D. 19.I the hearing on the Petition, in ail accordance with the provisions // of the statute,;the owner of any f f` real property within the proposed district may petition the District Court to exclude his property and / Publisher the District Court, not the Board of County Commissioners, shall determine whether said property should be excluded. THIS NOTICE IS GIVEN BY Subscribed and sworn to before me, a ORDER of the Board of County Notary Public in and for the Copnty of Commissioners of Weld County, Wel State of Colored/p, this O.Y....4-k. day of 1986, s t9lorado, this 23rd day of aped: > A.D. 1 ‘ 1 BOARD OF COUNTY COMMISSIONERS WELD COUNTY, 7', it s..�0 �l ui,l4 COLORADO ...ti tree. �^''', BY: MARY ANN Notary Public FEUERSTEIN COUNTY CLERK AND RECORDER AND CLERK TO THE BOARD My commission expires,. .1,4 iS:6' Reiff, Deputy BY: Mary PUBLISHED:April 24 and.May 1 and 8, 1986, in the Johnstown Breeze • BEFORE THE WELD COUNTY, COLORADO PLANNING COMMISSION RESOLUTION OF RECOMMENDATION TO THE BOARD OF COUNTY COMMISSIONERS Moved by Doug Graff that the following resolution be intrg4 Kedyg,P' pas'sakei by the Weld County Planning Commission. Be it Resolved b Iyre1A € Planning Commission that the application for: f �2,', [ i? f�� nc NAME: Beebe Draw Land Company, Ltd. la MAY 81986 , i' fu 11 op ADDRESS: 1551 Larimer Street, Denver, Colorado 80202 Ca .._ __ -- GRELL.L1• COLO. REQUEST: Review of a service plan pursuant to Section 32-1-201 C.R.S. for a proposed metropolitan district LEGAL DESCRIPTION: A tract of land in Sections 3, 4, 5, 8, 9, 10, 16, and 17 all in T3N, R65W of the 6th P.M. , Weld County, Colorado LOCATION: Approximately 6.5 miles east of Platteville; south of Weld County Road 38 and east of Weld County Road 39. Be recommended favorably to the Board of County Commissioners for the following reasons: Based upon the review criteria set forth in Section 32-1-203 (2) , C.R.S. , the Weld County Planning Commission recommends approval of the metropolitan district. There is sufficient projected need for organized service in the area to be served by the proposed special district. The Weld County Board of Commissioners approved the Beebe Draw Farms Planned Unit Development for 700 single-family residences in December 1985. The existing service in the area to be served by the proposed metropolitan district is inadequate for projected needs. Domestic water service, internal roads, storm drainage, safety protection, parks and recreational facilities, television transmission, and insect control would be provided by the metropolitan district in a location where these services are presently unavailable. Adequate service is not, and will not be, available to the area through the County, other existing municipal or quasi-municipal corporations, including existing special districts, within a reasonable time and on a comparable basis. The facility and service standards of the proposed metropolitan district can be made compatible with the facility and service standards of Weld County. The proposed metropolitan district appears to be in substantial compliance with the Weld County Comprehensive Plan. Beebe Draw Land Company, Ltd. May 6, 1986 Page 2 The policies set forth on pages 91 and 92 of the Weld County Comprehensive Plan for review of special districts were used to evaluate if the proposal was in substantial compliance. It is the opinion of the Department of Planning Services staff that the Beebe Draw Farms Metropolitan District Service Plan proposal complies with those policies, which are: 1. Any development that will create an undue burden on existing public facilities and will diminish the capacity of public agencies to maintain the existing level of service shall be discouraged; 2. All new development shall have complete and adequate utilities and public services. Tap fees, service charges, and tax revenues from all new developments shall be sufficiently high to properly protect the existing users from an increased cost due to the added demands upon the system; 3. Proliferation of service districts shall be opposed while consolidation of existing service districts shall be encouraged when it tends to improve the efficiency and economy of the service; and 4. Regionalization of services and facilities shall be opposed if it will lead to growth which is not compatible with the desires of the towns involved. The proposed metropolitan district appears capable of providing economical and sufficient service to the area within its proposed boundaries. It appears that the area to be included in the proposed metropolitan district will have the financial ability to discharge the proposed indebtedness on a reasonable basis. The creation of the proposed metropolitan district, as submitted, will be in the best interests of the future residents of Beebe Draw Farms Planned Unit Development. The following referral entities have reviewed this request and set forth no objections: - Weld County Engineering Department - Weld County Finance Department - Weld County Legal Department Beebe Draw Land Company, Ltd. May 6, 1986 Page 3 - Central Weld County Water District - La Salle Fire Protection District - Weld County School District RE-1 Motion seconded by Paulette Weaver. Vote: For Passage Against Passage Lydia Dunbar Doug Graff Don Johnson Harlan Else Louis Rademacher Ann Garrison Paulette Weaver Jack Holman The Chairman declared the resolution passed and ordered that a certified copy be forwarded with the file of this case to the Board of County Commissioners for further proceedings. CERTIFICATION OF COPY I, Bobbie Good, Recording Secretary of the Weld County Planning Commission, do hereby certify that the above and foregoing Resolution is a true copy of the Resolution of the Planning Commission of Weld County, Colorado, adopted on May 6, 1986, and recorded in Book No. X of the proceedings of the said Planning Commission. Dated the 7th day of May, 1986. Cv Bobbie Good Secretary ADDITIONAL COMMENTS BEEBE DRAW LAND COMPANY, LTD. The Beebe Draw Metropolitan District Service Plan is not subject to review by the Larimer-Weld Regional Council of Governments 208 Water Quality Advisory Committee. Mr. David Dubois, Water Resources Manager for the Council of Governments, stated that the proposed use of individual septic disposal systems would not be subject to compliance with the 208 Water Quality Management Plan. In a letter dated April 21, 1986, the La Salle Fire Protection District Board of Directors requests deletion of a statement in the service plan, implying that the proposed on-site fire truck will reduce response time by the Fire Protection District. Summary of the Weld County Planning Commission Meeting May 6, 1986 Page 4 CASE NUMBER: USR-734:86:17 APPLICANT: Golden Buckeye Petroleum Corporation REQUEST: A Use by Special Review permit for an oil and gas support operation (field office) LEGAL DESCRIPTION: Part of the NW}, Section 18, T4N, R64W of the 6th P.M. , Weld County, Colorado LOCATION: South of Weld County Road 46 and east of Weld County Road 49 APPEARANCE: A representative did not appear when this request was called for hearing by the Planning Commission. The Chairman asked if anyone in the audience was present specifically to hear this request. Bud Fry, property owner, reported this request is for the applicants to use a small unused labor hoise on his property as a field office. Gordon Johnson, surrounding property owner, stated he is their closest neighbor and he feels they are very good neighbors. Their property is always neat, clean, and orderly. He has no objections to this request. The Chairman moved this request to the last item on the agenda. If a representative has not appeared by this time, the case will be continued until the next regularly scheduled meeting of the Planning Commission. APPLICANT: Beebe Draw Land Company, Ltd. REQUEST: Metropolitan District Service Plan LEGAL DESCRIPTION: A tract of land located in Sections 3, 4, 5, 8, 9, 10, 16 and 17, all in T3N, R65W of the 6th P.M. , Weld County, Colorado LOCATION: Approximately 6.5 miles east of Platteville; south of Weld County Road 38 and east of Weld County Road 39 APPEARANCE: Robert L. Tibbals, Jr. , Attorney, Collins and Cockrel, P.C. , stated this project contains four thousand one hundred acres of land. Except for some early development structures the site is undeveloped. This request is to allow a metropolitan district to provide public services: domestic water, road construction and maintenance, storm drainage, safety protection, parks and recreation facilities, television transmission and relay, transportation and mosquito control. The request does not cover sanitation requirements as each separate lot will have its own septic system. However, if at some future time a sanitation district is needed it could be provided by the District. Tape 240 - Side 1 Summary of the Weld County Planning Commission Meeting May 6, 1986 Page 5 Morris Burk, General Partner, Beebe Land Company, Ltd. , stated there are no changes from their former plans with the exception that the proposed third filing will now be the fourth filing, and the fourth filing will be the third filing. The first filing will be one hundred and ninety-five lots. They would like to begin working on the first filing within sixty days and have the improvements listed in phase one done in three years. Some phases may overlap, but it does not seem possible to finish all three phases any sooner than seven years. David Bell, Assistant Vice-President, Prudential-Bache Securities, Inc. , reviewed the issuance of general obligation bonds which will probably be issued in four series and run for a term of twenty years. The Chairman called for discussion from the members of the audience. There was none. The Chairman asked if they have reviewed the recommendations of the Department of Planning Services Staff. He stated they have and have no objections to anything as stated. Page 17 of the service plan which makes reference to the fire truck to be kept on the property will be changed to conform to the request of the La Salle Fire Department. The Chairman asked that reading of the recommendations of the Department of Planning Services staff be dispensed with and that they be filed with the summary as a permanent record of these proceedings. MOTION: Doug Graff moved the Beebe Draw Land Company, Ltd. , Metropolitan District Service Plan be forwarded to the Board of County Commissioners with the Planning Commission's recommendation for approval based upon the recommendations of the Department of Planning Services staff and the testimony heard by the members of the Planning Commission. The Chairman called for discussion from the members of the Planning Commission. Discussion followed. The Chairman asked the secretary to poll the members of the Planning Commission for their decision. Lydia Dunbar - yes; Doug Graff - yes; Don Johnson - yes; Harlan Else - yes; Louis Rademacher - yes; Ann Garrison - yes; Paulette Weaver - yes; Jack Holman - yes. Motion carried unanimously. NAME: Beebe Draw Land Company, Ltd. ADDRESS: 1551 Larimer Street, Denver, Colorado 80202 REQUEST: Review of a service plan pursuant to Section 32-1-201 C.R.S. for a proposed metropolitan district LEGAL DESCRIPTION: A tract of land in Sections 3, 4, 5, 8, 9, 10, 16, and 17 all in T3N, R65W of the 6th P.M. , Weld County, Colorado LOCATION: Approximately 6.5 miles east of Platteville; south of Weld County Road 38 and east of Weld County Road 39. Based upon the review criteria set forth in Section 32-1-203 (2) , C.R.S. the Department of Planning Services recommends approval of the metropolitan district. There is sufficient projected need for organized service in the area to be served by the proposed special district. The Weld County Board of Commissioners approved the Beebe Draw Farms Planned Unit Development for 700 single-family residences in December 1985. The existing service in the area to be served by the proposed metropolitan district is inadequate for projected needs . Domestic water service, internal roads, storm drainage, safety protection, parks and recreational facilities, television transmission, and insect control would be provided by the metropolitan district in a location where these services are presently unavailable. Adequate service is not, and will not be, available to the area through the County, other existing municipal or quasi-municipal corporations, including existing special districts, within a reasonable time and on a comparable basis. The facility and service standards of the proposed metropolitan district can be made compatible with the facility and service standards of Weld County. The proposed metropolitan district appears to be in substantial compliance with the Weld County Comprehensive Plan. The policies set forth on pages 91 and 92 of the Weld County Comprehensive Plan for review of special districts were used to evaluate if the proposal was in substantial compliance. It is the opinion of the Department of Planning Services staff that the Beebe Draw Farms Metropolitan District Service Plan proposal complies with those policies, which are: 1. Any development that will create an undue burden on existing public facilities and will diminish the capacity of public agencies to maintain the existing level of service shall be discouraged; . ., s � Beebe Draw Land Company, Ltd. May 6, 1986 Page 2 2. All new development shall have complete and adequate utilities and public services. Tap fees, service charges, and tax revenues from all new developments shall be sufficiently high to properly protect the existing users from an increased cost due to the added demands upon the system; 3. Proliferation of service districts shall be opposed while consolidation of existing service districts shall be encouraged when it tends to improve the efficiency and economy of the service; and 4. Regionalization of services and facilities shall be opposed if it will lead to growth which is not compatible with the desires of the towns involved. The proposed metropolitan district appears capable of providing economical and sufficient service to the area within its proposed boundaries. It appears that the area to be included in the proposed metropolitan district will have the financial ability to discharge the proposed indebtedness on a reasonable basis. The creation of the proposed metropolitan district, as submitted, will be in the best interests of the future residents of Beebe Draw Farms Planned Unit Development. The following referral entities have reviewed this request and set forth no objections: - Weld County Engineering Department - Weld County Finance Department - Weld County Legal Department Central Weld County Water District - La Salle Fire Protection District - Weld County School District RE-1 ADDITIONAL COMMENTS BEEBE DRAW LAND COMPANY, LTD. The Beebe Draw Metropolitan District Service Plan is not subject to review by the Lorimer-Weld Regional Council of Governments 208 Water Quality Advisory Committee. Mr. David Dubois, Water Resources Manager for the Council of Governments, stated that the proposed use of individual septic disposal systems would not be subject to compliance with the 208 Water Quality Management Plan. In a letter dated April 21, 1986, the La Salle Fire Protection District Board of Directors requests deletion of a statement in the service plan, implying that the proposed on-site fire truck will reduce response time by the Fire Protection District. F may, LAND-USE APPLICATION SUMMARY SHEET Date: April 29, 1986 NAME: Beebe Draw Land Company, Ltd. ADDRESS: 1551 Larimer Street, Suite 2706, Denver, Colorado 80202 REQUEST: Metropolitan District Service Plan LEGAL DESCRIPTION: A tract of land located in Sections 3, 4, 5, 8, 9, 10, 16, and 17, T3N, R65W of the 6th P.M. , Weld County Colorado LOCATION: Approximately 6.5 miles east of Platteville SIZE OF PARCEL: 7,755 acres POSSIBLE ISSUES SUMMARIZED FROM APPLICATION MATERIALS: The criteria for review of this proposal is listed in Section 32-1-203 (2) , C.R.S. , as amended; the information is supplied in this land-use packet. The purpose of the Metropolitan District is to provide domestic water service, internal roads, external road improvements, storm drainage, safety protection, parks and recreational facilities, television transmission, and mosquito control to the Beebe Draw Planned Unit Development, which was approved by the Board of County Commissioners in December 1985. Referral agencies contacted have no objections to the service plan as submitted. In a letter dated April 21, 1986, Gary Sandau, Fire Chief of the La Salle Fire Protection District, did offer one comment regarding fire department response time; a copy of the letter is attached. ,crif METROPOLITAN DISTRICT SERVICE PLAN 32-1-203. Action on service plan - criteria; (1) The board of county commissioners of each county which has territory included within the proposed special district, OTHER THAN A PROPOSED SPECIAL DISTRICT WHICH IS CONTAINED ENTIRELY WITHIN THE BOUNDARIES OF A MUNICIPALITY, shall constitute the approving authority under this part 2 and shall review any service plan filed by the petitioners of any proposed special district. With reference to the review of any service plan, the board of county commissioners has the following authority: (a) To approve without condition or modification the service plan submitted; (b) To disapprove the service plan submitted; (c) To conditionally approve the service plan submitted subject to the submission of additional information relating to or the modification of the proposed service plan. 32-1-203 Action on service plan - criteria. (2) The board of county commissioners shall disapprove the service plan unless evidence satisfactory to the board of each of the following is presented. (a) There is sufficient existing and projected need for organized service in the area to be serviced by the proposed special district; (b) The existing service in the area to be served by the proposed special district is inadequate for present and projected needs; (c) The proposed special district is capable of providing economical and sufficient service to the area within its proposed boundaries; (d) The area to be included in the proposed special district has, or will have, the financial ability to discharge the proposed indebtedness on a reasonable basis. (2.5) The Board of county commissioners may disapprove the service plan if evidence satisfactory to the board of any of the following, at the discretion of the board, is not presented. 1 (a) Adequate service is not, or will not, be available to the area through the county, other existing municipal or quasi-municipal corporations, including existing special districts , within a reasonable time and on a comparable basis; (b) The facility and service standards of the proposed special district are compatible with the facility and service standards of each county within which the proposed special district is to be located and each municipality which is an interested party under section 32-1-204 (1) ; (c) The proposal is in substantial compliance with a master plan adopted pursuant to Section 30-28-106, C.R.S. ; (d) The proposal is in compliance with any duly adopted county, regional, or state long-range water quality management plan in for the area; (e) The creation of the proposed special district will be in the best interests of the area proposed to be served. (3) The board of county commissioners may conditionally approve the service plan of a proposed special district upon satisfactory evidence that it does not comply with one or more of the criteria enumerated in subsection (2) of this section. Final approval shall be contingent upon modification of the service plan to include such changes or additional information as shall be specifically stated in the finding of the board of county commissioners. 32-1-203. Action on service plan - criteria. (3.5)The board of county commissioners may exclude territory from a proposed special district prior to approval of the service plan submitted by the petitioners of a proposed special district. The petitioners shall have the burden of proving that the exclusion of such property is not in the best interest of the proposed special district. Any person owning property in the proposed special district who requests that his property be excluded from the special district prior to approval of the service plan shall submit such request to the board of county commissioners no later than ten days prior to the hearing held under section 32-1-204, but the board of county commissioners shall not be limited in its action with respect to exclusion of territory based upon such request. Any request for exclusion shall be acted upon before final action of the county commissioners under section 32-1-205. 2 (4) The findings of the board of County commissioners shall be based solely upon the service plan and evidence presented at the hearing by the petitioners, planning commission, and any interested party. (5) In the case of a proposed hospital district, submission to the board of county commissioners by the petitioners of a certified copy of an approved certificate of public necessity issued by the health facilities review council of the department of health shall constitute compliance with subsection$ (2) and (2.5) of this section. 3 NOTICE OF HEARING DOCKET #86-31 PUBLIC NOTICE IS HEREBY GIVEN that there was filed with the County Clerk and Recorder of Weld County, Colorado, a Service Plan and related documents for the proposed Beebe Draw Farms Metropolitan District. The Service Plan and related documents are now on file in the office of the Clerk and Recorder and the Board of County Commissioners and are available for public inspection. NOTICE IS FURTHER GIVEN, that, by Order of the County Commissioners of Weld County, Colorado, a public hearing on said Service Plan and related documents will be held in the Chambers of the Board, First Floor, Weld County Centennial Center, 915 10th Street, Greeley, Colorado, at 2:00 p.m. , on Wednesday, the 14th day of May, 1986. The purpose of the hearing shall be to consider the adequacy of the Service Plan of the proposed Beebe Draw Farms Metropolitan District and form a basis for adopting a Resolution approving, conditionally approving, or disapproving the Service Plan. The proposed district is located entirely within the unincoporated area of Weld County, Colorado. A general description of the land contained within the boundaries of the proposed district is the Rezoning Plat of Beebe Draw Farms and Equestrian Center, A Planned Unit Development, according to the recorded plat thereof, Reception No. R1992773, with the County Clerk and Recorder of Weld County, Colorado, located in Sections 3, 4, 5, 8, 9 and 10, Township 3 North, Range 65 West of the 6th Principal Meridian, Weld County, Colorado, as more specifically set forth in the Service Plan and related documents which are on file with the County Clerk and Recorder. Notice is further given that any time after the filing of the petition for the organization of the proposed district in the District Court for the County of Weld, but no later than ten (10) days before the hearing on the Petition, in accordance with the provisions of the statute, the owner of any real property within the proposed district may petition the District Court to exclude his property and the District Court, not the Board of County Commissioners, shall determine whether said property should be excluded. THIS NOTICE IS GIVEN BY ORDER of the Board of County Commissioners of Weld County, Colorado, this 23rd day of April, 1986. BOARD OF COUNTY COMMISSIONERS _,_ WELD COUNTY, COLORADO ,UJi&( blI A 7�j_..� BY: MARY ANN FEUERSTEIN II II COUNTY CLERK AND RECORDER Igo 0 1 I i AND CLERK TO THE BOARD i BY: Mary Reiff, Deputy Yield Co. Planning Cuauaissi ., PUBLISHED: April 24 and May 1 and 8, 1986, in the Johnstown Breeze 17"::',2,7270 REFERRAL LIST APPLICANT: Beebe Draw Land Company, Ltd. CASE NUMBER: Metropolitan District Service Plan SENT REFERRALS OUT: April 15, 1986 REFERRALS TO BE RECEIVED BY: April 28, 1986 NO SR NR NO SR NR X County Attorney Weld County Health Dept. X Engineering Department X La Salle Fire Protection District c/o Gary Sandau, Fire Chief P.O. Box 414 La Salle, Colorado 80645 X Don Warden Finance Director X Central Weld County Water District 2235 2nd Avenue Greeley, Colorado 80631 ✓ X Weld County School District RE-1 c/o Clifford Brookhart, Ph.D. Barba\ resparSz P.O. Box 457 '/-.1S-cT( -4 Gilcrest, Colorado 80623 Dale Sal 'A r Colorado Department of Health Water Quality Control Division 4210 East 11th Avenue Denver, CO 80220 _ City of Greeley Planning Department 919 7th Street Greeley, CO 80631 Tri Area Planning Commission P.O. Box 363 Frederick, CO 80530 NO=No Objection SR=Specific Recommendations NR=No Response April 21 , 1986 TO: Gloria Dunn J' yyyy,, FROM: Gary Sandau( b RE: Beebe Draw Service Plan The La Salle Fire Protection District Board of Directors has reviewed the Proposed Service Plan presented by Beebe Draw Land Company, Ltd. . The Board of Directors found no real problems with the proposed plan, however there is one area in which the wording should be changed. The area of concern is on page 17 of the proposed Service Plan under the heading of District Office Building, in the first paragraph. Concerning the fire truck the statement is made "to reduce response time by the Fire Pro- tection District". The Directors feel that this statement should be removed from the plan because of the implication that our response time will definately be reduced. If you have any questions about this matter please call me at the above phone number. l\V1 2 1986 1 Weld Co. Planning Cnnnr+lssiuj, .:7/11177,9 113 MAINS 7E'E T _ ._:L( ?.A_DO 606.15 MA.W..., b 6h DEPARTMENT OF PLANNING SERVICES PHONE 1303)3564000 EXT.404 915 10TH STREET GREELEY,COLORADO 80631 111 €. COLORADO y,, ti�r�.1l_\\JO April 15, 1986 l ''. 1980 TO WHOM IT MAY CONCERN: Weld cos Plana ,;ummisse Enclosed is an application from Beebe Draw Land Company, Ltd. , for a service plan for the formation of the Beebe Draw Farms Metropolitan District. The Metropolitan District proposal includes 4,100 acres of land located approximately 6.5 miles east of Platteville. This application is submitted to your office for review and recommendations. Any comments or recommendations you consider relevant to this request would be appreciated. Your prompt reply will help to facilitate the processing of the proposal and will ensure prompt consideration of your recommendations. If a response from your office is not received within twelve (12) days of mailing from our office, it may be interpreted to mean approval by your office. If you are unable to respond within the twelve (12) days (but wish to do so at a later date) please notify our office to that effect. Check the appropriate boxes below and return to our address listed above. Please reply by April 28, 1986, so that we may give full consideration to your recommendation. Thank you very much for your help and cooperation in this matter. 1. We have reviewed the proposal and find no conflicts with our interests. IC 2. A formal recommendation is under consideration and will be submitted prior to 3. Please refer to the enclosed letter. Signed: 7 i / P ,4 a Agency: (1,� CCtlu Date: micfc 4 i 11*ma Gloria V Dunn J � 1 Current lanner e c . pp"hatcL,-41Y,i 7rI.C i/CL 1/ c -LAC' (Z.- 11 Lai (23-, .fie'- ' - - \' DEPARTMENT OF PLANNING SERVICES PHONE 1303) 3564000 EXT.404 915 10TH STREET GREELEY,COLORADO 80631 COLORADO April 15, 1986 TO WHOM IT MAY CONCERN: Enclosed is an application from Beebe Draw Land Company, Ltd. , for a service plan for the formation of the Beebe Draw Farms Metropolitan District. The Metropolitan District proposal includes 4,100 acres of land located approximately 6.5 miles east of Platteville. This application is submitted to your office for review and recommendations. Any comments or recommendations you consider relevant to this request would be appreciated. Your prompt reply will help to facilitate the processing of the proposal and will ensure prompt consideration of your recommendations. If a response from your office is not received within twelve (12) days of mailing from our office, it may be interpreted to mean approval by your office. If you are unable to respond within the twelve (12) days (but wish to do so at a later date) please notify our office to that effect. Check the appropriate boxes below and return to our address listed above. Please reply by April 28, 1986, so that we may give full consideration to your recommendation. Thank you very much for your help and cooperation in this matter. 1. We have reviewed the proposal and find no conflicts with our interests. 2. A formal recommendation is under consideration and will be submitted prior to 3. P eas refer , o the enclosed letter. S‘ Signed: / Agency: r�e//-t-fnry ¢_Hate: //ZS 2 Glor, a V. Dunn Current loaner 1 ..) 1986 Weld Co. Planning Commission DEPARTMENT OF PLANNING SERVICES PHONE (30313564000 EXT.404 915 10TH STREET GREELEY,COLORADO 80631 O. COLORADO April 15, 1986 TO WHOM IT MAY CONCERN: Enclosed is an application from Beebe Draw Land Company, Ltd. , for a service plan for the formation of the Beebe Draw Farms Metropolitan District. The Metropolitan District proposal includes 4,100 acres of land located approximately 6.5 miles east of Platteville. This application is submitted to your office for review and recommendations. Any comments or recommendations you consider relevant to this request would • be appreciated. Your prompt reply will help to facilitate the processing of the proposal and will ensure prompt consideration of your recommendations. If a response from your office is not received within twelve (12) days of mailing from our office, it may be interpreted to mean approval by your office. If you are unable to respond within the twelve (12) days (but wish to do so at a later date) please notify our office to that effect. Check the appropriate boxes below and return to our address listed above. Please reply by April 28, 1986, so that we may give full consideration to your recommendation. Thank you very much for your help and cooperation in this matter. 1. >< We have reviewed the proposal and find no conflicts with our interests. 2. A formal recommendation is -under consideration and will be ubmitted prior to 3. K 1 er to the enclosed letter. Signed: .9 lc2 <7 c Agency: F -L�"Fr, L •cDate: 4 ( t& JFF Glor a V Dunn u c ! , / 1 i j I Current lanner II •y cu I �I, r I I Weld Co. Plamuu¢ td,nnu1Sr Il. I ; 'V� i o i;;6by:, DEPARTMENT OF PLANNING SERVICES v -- -� �1[WO nl- PHONE 13031 3564000 EXT.404 915 10TH STREET 198 c)t — GREECE V,COLORADO 80631 e ri O Weld en. Planning Cnmaussien • COLORADO April 15, 1986 TO WHOM IT MAY CONCERN: Enclosed is an application from Beebe Draw Land Company, Ltd. , for a service plan for the formation of the Beebe Draw Farms Metropolitan District. The Metropolitan District proposal includes 4,100 acres of land located approximately 6.5 miles east of Platteville. This application is submitted to your office for review and recommendations. Any comments or recommendations you consider relevant to this request would be appreciated. Your prompt reply will help to facilitate the processing of the proposal and will ensure prompt consideration of your recommendations. If a response from your office is not received within twelve (12) days of mailing from our office, it may be interpreted to mean approval by your office. If you are unable to respond within the twelve (12) days (but wish to do so at a later date) please notify our office to that effect. Check the appropriate boxes below and return to our address listed above. Please reply by April 28, 1986, so that we may give full consideration to your recommendation. Thank you very much for your help and cooperation in this matter. 1. We have reviewed the proposal and find no conflicts with our interests. 2. A formal recommendation is under consideration and will be submitted prior to 3. Please refer to the enclosed letter. si ne. . ce cy: a Date: act <w Glor a V. Dunn Current Tanner Hello