HomeMy WebLinkAbout972603.tiffRESOLUTION
RE: SALE OF REAL ESTATE TO STARTEK USA, INC., AND AUTHORIZE CHAIR TO
SIGN
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, Weld County currently owns property located in the Weld County Business
Park, located southwest of the intersection of 11th Avenue and "O" Street, and
WHEREAS, the property in said Weld County Business Park was purchased in 1987
with Federal funds designated specifically to be used for the purpose of upgrading and
developing economically depressed and blighted areas, and
WHEREAS, StarTek USA, Inc., desires to purchase property in the Weld County
Business Park, which property is more specifically described and shown in the attached Exhibit
"A", and
WHEREAS, StarTek USA, Inc., plans to build a building on said property and thereafter
to employ persons in the future, and
WHEREAS, the Board of County Commissioners deems it desirable to sell said property
to StarTek USA, Inc., in order to assist in the creation of new jobs in Weld County, Colorado,
and
WHEREAS, the Board recognizes that sale of said property to StarTek USA, Inc., will
benefit the citizens of Weld County, Colorado in other ways including, but not limited to, the
transfer of property from a non-taxable to taxable status and the construction of buildings in an
area of Weld County which has been recognized as in need of development, and
WHEREAS, said construction will provide additional jobs in the construction industry
and permanent jobs which will have an economic benefit to the citizens of Weld County, and
WHEREAS, in consideration of the sale of the real estate described in the attached
Exhibit "A" to StarTek USA, Inc., said corporation will pay the sum of $10.00 and will execute a
Note and Deed of Trust in favor of Weld County for a period of ten years with a declining annual
balance in order to secure the continued ownership of StarTek USA, Inc., of the property at that
location and the continuous occupancy and use of the property by StarTek USA, Inc., and
WHEREAS, the Board of County Commissioners now deems it advisable to authorize
and approve the sale of the real estate described in the attached Exhibit "A" to StarTek USA,
Inc., for the consideration as described in the agreement for such sale.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of
6O en, SiR/zTLX-
972603
PR0014
SALE OF REAL ESTATE - STARTEK USA, INC.
PAGE 2
Weld County, Colorado, that the sale of the real estate described in the attached Exhibit "A" is
hereby authorized and approved for the consideration as described in the agreement for such
sale which has been presented to the Board.
BE IT FURTHER RESOLVED by the Board that the Chair is authorized to sign any and
all necessary documents to effectuate the sale.
The above and foregoing Resolution was, on motion duly made and seconded, adopted
by the following vote on the 15th day of December, A.D., 1997.
ATTEST:
Weld County
BY.
Deputy Cler
BOARD OF COUNTY COMMISSIONERS
WELD COUNTY, COLORADO
or
eorge E" Baxter, Chair
tance L. Harbert Pro -
Dale K. Hall
EXCUSED
Barbara J. Kirkmeyer
972603
PR0014
O7a-
AGREEMENT FOR SALE AND PURCHASE OF REAL ESTATE
THIS AGREEMENT is made this 11th day of December, 1997, by and between the County
of Weld, a body corporate and politic in the State of Colorado, by and through the Board of County
Commissioners of Weld County, whose address is 915 Tenth Street, Greeley, Colorado 80631,
hereinafter referred to as "Seller," and StarTek USA, Inc., a Colorado corporation, whose address
is 111 Havana Street, Denver, Colorado 80010, hereinafter referred to as "Purchaser."
WITNESSETH:
That in consideration of the payment by the Purchaser to the Seller of the sum of $10.00 and
in consideration of the mutual promises and covenants contained herein, Seller agrees to sell to the
Purchaser and Purchaser agrees to purchase from the Seller the real property which is described and
shown in the attached Exhibit "A", hereinafter referred to as the "Parcel."
The agreement of sale and purchase of the Parcel is subject to the following conditions:
1. Seller shall furnish to Purchaser a Special Warranty Deed for the Parcel. Seller shall
provide title insurance that shall be paid for by Purchaser.
2. Seller and Purchaser agree that the current market value for the Parcel is
$261,360.00, based upon a figure of $.75 per square foot for 8.0 acres of real
property. Consideration for the sale of the Parcel by Seller to Purchaser shall be $10,
unless any one of the following events occurs prior to December 11, 2007, in which
instance the Purchaser shall pay to the Seller that balance of the current market value
($261,360.00) declining on an equal basis over ten (10) years, according to the
schedule shown in the attached Exhibit "B":
a. Sale or other transfer of the Parcel by Purchaser, including an option to
purchase exercisable at any time prior to December 11, 2007.
b. To and until December 11, 2007, Purchaser fails to continuously operate
thereon a customer service support center.
Purchaser agrees to execute a Note and Deed of Trust which shall secure the current
market value ($261,360.00) and the declining balances thereof over ten (10) years.
3. Title for the Parcel shall be merchantable in Seller. Subject to payment or tender as
above provided and compliance by Purchaser with the other terms and provisions
hereof, Seller shall execute and deliver a good and sufficient Special Warranty Deed
for the Parcel to Purchaser on a date certain set by mutual agreement between Seller
and Purchaser, conveying the Parcel free and clear of all taxes and free and clear of
-rq Pages
HRH 11111 1111 Intl
2588072 01/07/1998 02:0BP Weld County CO
1 of 7 R 0.00 D 0.00 JR Sukl Tsukamoto
972691
all liens for special improvements installed as of the date of Purchaser's signature
hereon, whether assessed or not; free and clear of all liens and encumbrances, except
those stated and set forth in paragraph 2, above; and subject to all applicable building
and zoning regulations.
4. Purchaser shall be responsible for the payment of all property taxes for the year 1997,
and each year thereafter, beginning on the date of delivery of deed. No property
taxes shall be assessed for the portion of the year 1997 that title to Parcel was held
by the Seller.
5. The date of closing shall be the date of delivery of deed as provided in paragraph 3,
above. The hour and place of closing shall be designated by mutual agreement
between Seller and Purchaser.
6. Time is of the essence hereof.
7. Possession of the Parcel shall be delivered to Purchaser upon closing and shall not
be subject to any leases or tenancies.
8. Seller represents and warrants as of the day hereof and as of the date of the closing
that neither the execution of this contract nor the consummation of the transaction
provided for herein constitutes, or will result in, any breach of any of the terms,
conditions, or provisions, or constitute a default under any indenture, charter, bylaw,
mortgage, loan agreement, lien, lease, license, judgment, decree, order, instrument,
or other verbal or written agreement to which the Seller is a party of or which the
property is subject to, except as provided for herein.
9. All of the conditions, promises, and covenants stated herein shall be in full force and
effect, notwithstanding the conveyance of the Parcel by Special Warranty Deed as
outlined in paragraph 3, above, or the execution of the Note and Deed of Trust as
outlined in paragraph 2, above, and shall not merge with the Special Warranty Deed,
Note, and Deed of Trust.
10. Purchaser agrees to pay for the cost of obtaining title insurance for the Parcel and any
and all taps for utilities extending from the street or nearest location to the Parcel.
Such utilities include, but are not limited to, the following: water, sewer, electricity,
gas, and telephone.
11. This Agreement contains the entire agreement and understanding between the parties
to this Agreement and supersedes any other agreements concerning the subject matter
of this transaction, whether oral or written.
12. Seller hereby assigns any rights it may obtain, by receiving the conveyance of the
Page 2 of 4 Pages
1111111 BIM" III 1111111 JIHAD III 11111 IIII 101
2588072 01/07/1998 02:06P Weld County CO
2 of 7 R 0.00 D 0.00 JA Sukl Tsukamoto
9720)
Parcel by Special Warranty Deed as outlined in paragraph 3., above, to appove or
reject any future proposals for the creation of lots or land splits within the Weld
County Business Park P.U.D.
13. Purchaser shall provide evidence at or prior to the time of closing that it has entered
into a contract to construct a facility for its proposed customer service support center.
14. As beneficiary of the Deed of Trust, Seller agrees to subordinate such Deed of Trust
to any deed of trust granted by the Purchaser to obtain financing for the construction
of a facility on the Parcel.
15. Seller reserves the right to be the sole entity to grant approval or disapproval of
referrals from the City of Greeley for additional proposed developements in the Weld
County Business P.U.D.
111111111111111111 III 111211111111111111 III 1111111111111
2888072 03/07/3998 02:08P Weld County CO
3 of 7 R 0.00 D 0.00 JA Sukl Teukamoto
Page 3 of 4 Pages
9?2Cf'3
IN WITNESS WHEREOF, the parties hereto have subscribed their names this 11th day of
December, 1997.
ATTEST:
By:
D•puty Cle
SELLER:
COUNTY OF WELD, A BODY
CORPORATE AND POLITIC OF THE STATE
OF COLORADO, BY AND THROUGH THE
BOARD OF COUNTY COMMISSIONERS
OF WELD COUNTY, COLORADO
By:
/,ze
GeorgBaxter, Chairman
PURCHASER:
STARTEK USA, INC., A COLORADO
CORPORATION
By:
E. Preston Sumner, Jr.,
Executive Vice President
SUBSCRIBED AND SW fore me this 11th day of December, 1997.
WITNESS my hand and official seal:
Notary Public
My commission expires:
4 Commission E n II, 2001
M:\ W PFILES\DEEDS\STAGM.BTB
1111111 11111 111111 III 1111111 IIII 1111111 III lllll IIII I'll
2588072 01/07/1998 02:08P Weld County CO
4 of 7 R 0.00 D 0.00 JR Suitt Isukamoto
Page 4 of 4 Page
9721.93
LEGAL DESCRIPTION
Weld County Business Park P.U.D.
Starpak Parcel
A part of Tract "C" Weld County Business Park P.U.D. a subdivision within the City of Greeley,
County of Weld, State of Colorado, more particularly described as follows:
Commencing at the Northeast Corner of Section 31, Township 6 North, Range 65 West of the
6th Principal Meridian, and considering the East line of the Northeast Quarter (NE1/4) to bear
South 00° 00' 00" West, to the East Quarter (E1/4) Corner of said Section, with all bearings
contained herein being relative thereto; thence along the said East line of the Northeast Quarter
(NE1/4), also being the centerline of 11th Avenue, South 00° 00'00" West, a distance of
1,545.00 feet; thence North 90° 00' 00" West, a distance of 50.00 feet, to a point on the West
Right -of -Way line of 11th Avenue also being a point on the East line of Tract "C" Weld County
Business Park P.U.D. and the True Point of Beginning of this description.
Thence North 90° 00' 00" West, a distance of 428.37 feet, to a point on the East Right -of -Way
line of "H" Street also being the West line of Tract "C"; thence along the said line the following
three (3) courses and distances, (1) along a curve to the right having a radius of 804.75 feet, a
central angle of 35° 47' 21", an arc distance of 502.68 feet, the long chord of which bears South
03° 06' 19" West, a distance of 494.55 feet; (2) thence South 21° 00' 00" West, a distance of
250.00 feet; (3) thence along a curve to the left having a radius of 365.51 feet, a central angle of
07° 50' 34", an arc distance of 50.03 feet, the long chord of which bears South 17° 04' 43" West,
a distance of 49.99 feet; thence South 90° 00' 00" East, a distance of 559.43 feet, to a point on the
East line of Tract "C" also being the West Right -of -Way line of 11th Avenue; thence North 00°
00' 00" East, a distance of 775.00 feet to the True Point of Beginning.
Said Parcel of land contains 7.997 acres, more or less, and is subject to any Rights -of -Way or
other easements as granted or reserved by instruments of record or as now existing on said parcel
of land.
NOTE: This Legal Description is based on the Weld County Business Park P.U.D. Filing Plat as
recorded in the Weld County Clerk & Recorder office, Book 1212 Rec. No. 2158271 on October
12, 1988, and does not represent an actual survey of the property.
Legal Description Prepared by:
Michael C. Ketterling
Ketterling, Butherus & Norton Engineers, LLC.
820 8th Street
Greeley, Colorado 80631
September 8, 1997
111111111111111111 III 1111111111,1111111 III 11111 IIII IIII
2588072 01/07/1998 02:08P Weld County CO
5 of 7 R 0.00 D 0.00 JR Suki Tsukemoto
EXHIBIT "A"
WELD COUNTY
HAZARDOUS
WASTE
09E
oJE
J0P
1
FEDERAL EXPRESS
0 200 400
SCALE: 1" = 200'
97049\STAREXH
IA
ENGINEERS
ALTERNATIVE HOME
FOR YOUTH
ISLAND GROVE
REGIONAL TREATMENT
CENTER
DETENTION POND
7.997 ACRES
10.0'
20',
EAST 1/4 CORNER
SEC. 31, 7.6N., R.65W.
\, r ----1c-=
KETTERLNG, BUTHERUS & NORTON
820 8th Street Greeley, Colorado
(970) 395-9880
L_ \ J
PUBLIC WORKS
H" STREET
OI N�
wco IM=
co
20
J J
m•r�
• \�
B .�I�
SW=
I0 M
B m=
N �
SI 0
C
=ME
7r-
7<Z_
O_
C
7r 0
r C
R
0 • -
c-Ic e
O
O
September a, 1997
WELD COUNTY BUSINESS PARK
GREELEY, COLORADO
STARPAK PARCEL
977',. 2
Exhibit "B"
December 11,
December 11,
December 11,
December 11,
December 11,
December 11,
December 11,
December 11,
December 11,
December 11,
Year
1997 to December 11, 1998
1998 to December 11, 1999
1999 to December 11, 2000
2000 to December 11, 2001
2001 to December 11, 2002
2002 to December 11, 2003
2003 to December 11, 2004
2004 to December 11, 2005
2005 to December 11, 2006
2006 to December 11, 2007
M:\ W PFILES\DEEDS\STEXB.BTB
1111111111111111111111111111 IIII 1111111 11111111 IIII I'll
2588072 01/07/1998 02:06P Weld County CO
7 of 7 R 0.00 D 0.00 JR Suk! Teukamoto
Balance
$261,360.00
$235,224.00
$209,088.00
$182,952.00
$156,816.00
$130,680.00
$104,544.00
$78,408.00
$52,272.00
$26,136.00
9"'"r.
tr.��
73
SPECIAL WARRANTY DEED
THIS DEED, Made this 11th day of December, 1997, between the County of Weld, a body politic
and corporate of the State of Colorado, by and through the Board of County Commissioners of the
County of Weld, grantor(s), and whose legal address is 915 10th Street, Greeley, Colorado 80631,
and StarTek USA, Inc., a Colorado corporation, whose address is 111 Havana Street, Denver,
Colorado 80010, grantee(s):
WITNESSETH, That the grantor(s), for and in consideration of the sum of ten DOLLARS
($10.00), the receipt and sufficiency of which is hereby acknowledged, has granted, bargained, sold
and conveyed, and by these presents does grant, bargain, sell, convey and confirm, unto the
grantee(s), its heirs and assigns forever, all the real property, together with improvements, in any,
statute, lying and being in the County of Weld, State of Colorado, to wit:
The real property described and shown in the attached Exhibit "A."
also known by street and number as /J.C,C` +l Street, Greeley, Colorado 80631.
TOGETHER with all and singular the hereditaments and appurtenances thereto belonging,
or in anywise appertaining, and the reversion and reversions, remainder and remainders, rents, issues
and profits thereof, and all the estate, right, title, interest, claim and demand whatsoever of the
grantor(s) either in law or equity, of , in and to the above bargained premises with the hereditaments
and appurtenances:
TO HAVE AND TO HOLD the said premises above bargained and described with the
appurtenances, unto the grantee(s), its heirs and assigns forever. The grantor(s) for itself, its heirs
and personal representatives or successors, does covenant and agree that it shall and will
WARRANT AND FOREVER DEFEND the above bargained premises in the quiet and peaceable
possession of the grantee(s), its heirs and assigns, against all and every person or persons claiming
the whole or any part thereof, by, through or under the grantor(s).
IN WITNESS WHEREOF, the grantor(s) has executed this deed on the date set forth above.
ATTEST:
STA4\14
County of Weld
COUNTY OF WELD, a body corporate and
politic of the STATE OF COLORADO, by
and through the BOARD OF COUNTY
COMMISSIONERS OF THE COUNTY OF
WELD
Georg- E. Baxter, Chairman
) ss.
4
The forgoing instrument was acknowledged before me this 11th day of December, 1997, by
George E. Baxter, Chairman vt i "_• ty Commissioners of the County of Weld, a body
corporate and politic of the
Witness my hand and official seal.
My commission expires:
ca+rwisabn Frrp.w Sopmmerr ti, 20Ci
Name and Address of Person Creating Newly
Created Legal Description (§ 38-35-106.5. C.R.S.)
KNB Engineering
820 8th Street
Greeley. Colorado 80
631
M:W I IIIIII I'll' VIII' III IIIIII1 IIII IIIIII1 III
VIII IIII IIII
\ PFILES\DEEDSDS\STS W D.BTB
2588073 01/07/1998 02:08P Weld County CO
1 of 3 R 0.00 D 0.00 JA Sukl Tsukamoto
Sirrl:
LEGAL DESCRIPTION
Weld County Business Park P.U.D.
Starpak Parcel
A part of Tract "C" Weld County Business Park P.U.D. a subdivision within the City of Greeley,
County of Weld, State of Colorado, more particularly described as follows:
Commencing at the Northeast Corner of Section 31, Township 6 North, Range 65 West of the
6th Principal Meridian, and considering the East line of the Northeast Quarter (NE1/4) to bear
South 00° 00' 00" West, to the East Quarter (E1/4) Corner of said Section, with all bearings
contained herein being relative thereto; thence along the said East line of the Northeast Quarter
(NE1/4), also being the centerline of 11th Avenue, South 00° 00 '00" West, a distance of
1,545.00 feet; thence North 90° 00' 00" West, a distance of 50.00 feet, to a point on the West
Right -of -Way line of 11th Avenue also being a point on the East line of Tract "C" Weld County
Business Park P.U.D. and the True Point of Beginning of this description.
Thence North 90° 00' 00" West, a distance of 428.37 feet, to a point on the East Right -of -Way
line of "H" Street also being the West line of Tract "C"; thence along the said line the following
three (3) courses and distances, (1) along a curve to the right having a radius of 804.75 feet, a
central angle of 35° 47' 21", an arc distance of 502.68 feet, the long chord of which bears South
03° 06' 19" West, a distance of 494.55 feet; (2) thence South 21° 00' 00" West, a distance of
250.00 feet; (3) thence along a curve to the left having a radius of 365.51 feet, a central angle of
07° 50' 34", an arc distance of 50.03 feet, the long chord of which bears South 17° 04' 43" West,
a distance of 49.99 feet; thence South 90° 00' 00" East, a distance of 559.43 feet, to a point on the
East line of Tract "C" also being the West Right -of -Way line of 11th Avenue; thence North 00°
00' 00" East, a distance of 775.00 feet to the True Point of Beginning.
Said Parcel of land contains 7.997 acres, more or less, and is subject to any Rights -of -Way or
other easements as granted or reserved by instruments of record or as now existing on said parcel
of land.
NOTE: This Legal Description is based on the Weld County Business Park P.U.D. Filing Plat as
recorded in the Weld County Clerk & Recorder office, Book 1212 Rec. No. 2158271 on October
12, 1988, and does not represent an actual survey of the property.
Legal Description Prepared by:
c
Michael C. Ketterling
Ketterling, Butherus & Norton Engineers, LLC.
820 8th Street
Greeley, Colorado 80631
September 8, 1997
1112 IIIII 111111 III 1111111 31 11111 11.11 3 It
•a e..L I Ta ,kamet.O
EXHIBIT "A"
WELD COUNTY
HAZARDOUS
WASTE
os'E
JJ�
J�P
1
FEDERAL EXPRESS
0 200 400
SCALE: 1" = 200'
97049\STAREXH
ENGINEERS
ALTERNATIVE HOME
FOR YOUTH
/
ISLAND GROVE
REGIONAL TREATMENT
CENTER
of DETENTION POND
7.997 ACRES
10.0
20
EAST 1/4 CORNER
SEC. 31, T.6N., R.65W.
---r
L._J
KETTERLNG, BUTHERUS & NORTON
820 8th Street Greeley, Colorado
(970) 395-9880
PUBLIC WORKS
"H" STREET
W N—
ill SIB
0 Ws
W
W al
e�
BrSI
S
a
GI
O �s
I9 I
BNB
ama
CD
vS
s�
.1 0.
VI al
C O
0
r<
O n
S
September 8, 1997
WELD COUNTY BUSINESS PARK
GREELEY, COLORADO
STARPAK PARCEL
99'$
e•
Lo7q
PROMISSORY NOTE WITH PROVISION FOR FORGIVENESS
$ 261,360.00 Greeley, Colorado
December 11, 1997
The undersigned, StarTek USA, Inc., a Colorado corporation, hereinafter referred to as "Maker",
hereby promises to pay to the order of the County of Weld, State of Colorado, by and through the
Board of County Commissioners of County of Weld, the sum of $261,360.00, to be repaid without
interest in ten (10) equal annual installments, due and payable commencing one year from the
making of this Note, and continuing each year thereafter until full and final payment is made. Each
annual payment will be excused if, and only if, on the anniversary date, the Maker is the legal and
equitable owner of the real estate described and shown in the attached Exhibit "A" (hereinafter
referred to as "the real estate") for the purpose of operating a customer service support center, and
the Maker has been continuously the owner throughout the proceeding 365 days. The principal
balance shall be reduced by the amount of any excused payment, as shown in the attached Exhibit
"B." Notwithstanding the forgoing provision, if the Maker ceases to own the real estate, or if the
real estate is not operated as a customer service support center, or if the real estate is the subject of
a "prohibited" transfer, as defined herein, at any time before December 11, 2007, the entire balance
of this Note shall become due and payable immediately.
For purposes of this Note, a "prohibited" transfer includes the sale or other transaction involving the
conveyance of the legal or equitable title or interest to the real estate, effective immediately or
effective at a future date, and includes an option to purchase exercisable at any time before
December 11, 2007. A "prohibited" transfer does not include:
1. The creation of a lien or encumbrance subordinate to the Deed of Trust securing this
Note, or a lien or encumbrance to which the County of Weld, State of Colorado,
subordinates the Deed of Trust in writing;
2. The transfer of title by devise or descent, or by operation of law upon the death of a
joint tenant; or
3. A sale or other transfer to which the Board of County Commissioners of the County
of Weld consents to in writing. Notwithstanding any other provision of this
paragraph, said Board of County Commissioners shall have no right to declare a
default if the County of Weld, State of Colorado and the transferee mutually agree
in writing to the assumption of the indebtedness by the transferee.
The Maker hereby acknowledges that the County of Weld, State of Colorado, by and through the
Board of County Commissioners of County of Weld has transferred to it the real estate with current
market value as of the date of the signing of this Note in the amount shown above, for the purpose
of the development of a business located on said real estate, and that one of the conditions for
111111111111111111 III 111111111111111111 III 111111111 III!
2688074 01/07/1998 02:07P Wsld County CO
)f 2 Pages
971,17,(71
forgiveness of this Note is that the Maker continues to own the real estate and continues to occupy
and use the real estate as a customer service support center, for at least ten (10) years from the date
of the Note. The undersigned further acknowledges that one of the purposes of this Note and the
Deed of Trust given to secure it is to assure compliance with such conditions. The undersigned
further acknowledges that the transfer of the hereinafter described real estate to it constitutes
sufficient and adequate consideration for this Note.
The indebtedness evidenced by this Note is secured by a Deed of Trust, dated December 11, 1997,
and, until released, said Deed of Trust contains additional rights of the note holder. The real estate
subject to this Note and the Deed of Trust securing it is identified as follows:
The real property described and shown in the attached Exhibit "A".
STARTEK USA, INC., A COLORADO
CORPORATION, MAKER
Byf
E. Preston Sumner, Jr., Executive Vice President
SUBSCRIBED AND SWORN to before me this 11th day of December, 1997.
My commission expires:
it Omni Son Expires Scants 11,200
M:\W PFILES\DEEDS\STNOT.BTB
1111111 11111 111111111111111111111 111111 III 1111111111111
2588074 01/07/1998 02:07P Wald County CO
2 of 5 R 0.00 D 0.00 JR Sukl Tsukamoto
WITNESS my hand and official seal:
Notary Public
Page 2 of 2 Pages
9Z^C ':3
LEGAL DESCRIPTION
Weld County Business Park P.U.D.
Starpak Parcel
A part of Tract "C" Weld County Business Park P.U.D. a subdivision within the City of Greeley,
County of Weld, State of Colorado, more particularly described as follows:
Commencing at the Northeast Corner of Section 31, Township 6 North, Range 65 West of the
6th Principal Meridian, and considering the East line of the Northeast Quarter (NE1/4) to bear
South 00° 00' 00" West, to the East Quarter (E1/4) Corner of said Section, with all bearings
contained herein being relative thereto; thence along the said East line of the Northeast Quarter
(NE1/4), also being the centerline of 11th Avenue, South 00° 00 '00" West, a distance of
1,545.00 feet; thence North 90° 00' 00" West, a distance of 50.00 feet, to a point on the West
Right -of -Way line of 11th Avenue also being a point on the East line of Tract "C" Weld County
Business Park P.U.D. and the True Point of Beginning of this description.
Thence North 90° 00' 00" West, a distance of 428.37 feet, to a point on the East Right -of -Way
line of "H" Street also being the West line of Tract "C"; thence along the said line the following
three (3) courses and distances, (1) along a curve to the right having a radius of 804.75 feet, a
central angle of 35° 47' 21", an arc distance of 502.68 feet, the long chord of which bears South
03° 06' 19" West, a distance of 494.55 feet; (2) thence South 21° 00' 00" West, a distance of
250.00 feet; (3) thence along a curve to the left having a radius of 365.51 feet, a central angle of
07° 50' 34", an arc distance of 50.03 feet, the long chord of which bears South 17° 04' 43" West,
a distance of 49.99 feet; thence South 90° 00' 00" East, a distance of 559.43 feet, to a point on the
East line of Tract "C" also being the West Right -of -Way line of 11th Avenue; thence North 00°
00' 00" East, a distance of 775.00 feet to the True Point of Beginning.
Said Parcel of land contains 7.997 acres, more or less, and is subject to any Rights -of -Way or
other easements as granted or reserved by instruments of record or as now existing on said parcel
of land.
NOTE: This Legal Description is based on the Weld County Business Park P.U.D. Filing Plat as
recorded in the Weld County Clerk & Recorder office, Book 1212 Rec. No. 2158271 on October
12, 1988, and does not represent an actual survey of the property.
Legal Description Prepared by:
C
Michael C. Ketterling
Ketterling, Butherus & Norton Engineers, LLC.
820 8th Street
Greeley, Colorado 80631
September 8, 1997
1111111 11111 11111 III 111111111111111111 III 11111 MIME
2588074 01/07/1998 02:07P Wald County CO
3 of 5 R 0.00 D 0.00 JA Silk! Taukamoto
EXHIBIT "A"
347,, 73
FCE-LO COUNTY
HAZARDOUS
WASTE
�Q P
GO
octc
�JE
J�P
0 200 400
SCALE: 1" = 200'
IA
o RA
ENGINEERS
97049\STAREXH
ALTERNATIVE HOME
FOR YOUTH
ISLAND GROVE
REGIONAL TREATMENT
KETTERLNG,BUTFERUS & NORTON
820 8th Street Greeley, Colorado
(970) 395-9880
CENTER
I
O
DETENTION POND
7.997 ACRES
10.0'
20'
EAST 1/4 CORNER
SEC. 31, T.6N., R.65W.
11th AVENUE
A h1
O O�
07 �_
CO W-4
A �
co—
0 -4
• 1-1�
COI▪ _
0 C9
am
--
C1 Vr
07�
c =
w
—I •
O.
C ff�
71- O
▪ C
O ▪ e•
e• -•C
O O�
O —
r — — — c=c
J_J
PUBLIC WORKS
September 8, 7997
WELD COUNTY BUSINESS PARK
GREELEY, COLORADO
STARPAK PARCEL
Exhibit "B"
December 11,
December 11,
December 11,
December 11,
December 11,
December 11,
December 11,
December 11,
December 11,
December 11,
Year
1997 to December 11, 1998
1998 to December 11, 1999
1999 to December 11, 2000
2000 to December 11, 2001
2001 to December 11, 2002
2002 to December 11, 2003
2003 to December 11, 2004
2004 to December 11, 2005
2005 to December 11, 2006
2006 to December 11, 2007
M:\ W PFILES\DEEDS\STEXB. BTB
1111011111111111 III 1111111111111111111111111111 IIII
?58!0!4_0/0?/1998 02:07P WelC0
Balance
$261,360.00
$235,224.00
$209,088.00
$182,952.00
$156,816.00
$130,680.00
$104,544.00
$78,408.00
$52,272.00
$26,136.00
972(7.91
O1$
DEED OF TRUST
THIS DEED OF TRUST, dated December 11 , 1997, between StarTek USA, Inc., a Colorado corporation, whose address
is 1 l 1 Havana Street, Denver, Colorado 80010, and the PUBLIC TRUSTEE of the County or City and County in which the property
described below is situated, in the State of Colorado,
Witness:
The grantor, to secure a promissory note or notes, hereinafter referred to in the singular, dated December 11 , 1997, for the total
principal sum of $261,360.00 dollars, payable to the order of the County of Weld, State of Colorado, by and through the Board of County
Commissioners of County of Weld, the beneficiary herein, whose address is 915 Tenth Street, Greeley, Colorado 80631, after the date
thereof, with no interest thereon and subject to the provisions and conditions for forgiveness as set forth in said promissory note, does
hereby grant and convey unto said Public Trustee the following described property, situate in the County of Weld, State of Colorado,
to wit:
The real property described and shown in the attached Exhibit "A."
also known by street and number as 1250 II Street, Greeley, Colorado 80631.
TO HAVE AND TO HOLD the same together with all its appurtenances, in trust nevertheless, that in case of default in the payment of said
note or any part thereof, or in the performance of any covenants hereinafter set forth, then upon the beneficiary (note holder) filing notice of election
and demand for sale, said Public Trustee, after advertising notice of said sale weekly, for not less than four weeks, in some newspaper of general
circulation in said county, shall sell said property in the manner provided by law in effect at the time of filing said notice and demand, at public auction
for cash, at any proper place designated in the notice of sale. Out of the proceeds of said sale said Trustee shall retain or pay first all fees, charges and
costs and all moneys advanced for taxes, insurance and assessments, or on any prior encumbrance, with interest thereon, and pay the principal then due
on said note, rendering the overplus (if any) unto the grantor; and after the expiration of the time of redemption, said Trustee shall execute and deliver
to the purchaser a deed to the property sold. The beneficiary may purchase said property or any part thereof at such sale.
The beneficiary shall subordinate this deed of trust to any deed of trust granted by the Grantor to obtain financing for the construction of a
facility on said property.
The grantor covenants that at the time of delivery of these presents, he is seized of said property in fee simple, and that said property is free
of encumbrances.
The grantor also covenants that he will keep all buildings insured with a company approved by the beneficiary for fire and extended coverage
in an amount equal to the unpaid balance of said note with loss payable to the beneficiary, will deliver a copy of the policy to the beneficiary, and will
pay all taxes and assessments against said property and amounts due on prior encumbrances. If grantor shall fail to pay insurance premiums, taxes, or
amounts due on prior encumbrance, the beneficiary may pay the same and all amounts shall become additional indebtedness due hereunder, and in case
of foreclosure, he will pay an attorney's fees incurred by the beneficiary.
Should the beneficiary hereunder be made a party to any action affecting this deed of trust or the title to said property, the grantor agrees that
all court costs and a reasonable attomey's fee paid by the beneficiary shall become additional indebtedness due hereunder, and the grantor does hereby
release and waive all claims in said property as a homestead exemption or other exemption now or hereafter provided by law.
It is agreed that in case of default in payment of said principal or a breach of any of the covenants herein, then said principal sum hereby
secured may at the option of the beneficiary become due and payable at once, anything in said note to the contrary not withstanding and possession of
said property will thereupon be delivered to the beneficiary, and on failure to deliver such possession the beneficiary shall be entitled to a receiver for
said property, who may be appointed by any court of competent jurisdiction.
Whenever used herein the singular number shall include the plural, the plural the singular, and the use of any gender shall be applicable to
all genders. All of the covenants herein shall be binding upon the respective heirs, personal representatives, successors, and assigns of the parties hereto.
Executed the day and year first above written.
STARTEK USA, INC., A COLORADO CORPORATION
By:
E. Preston Sumner, Jr., Executive Vice President
STATE OF COLORADO )
County of ) ss.
The foregoing instrument was acknowledged before me this 11th day of December, 1997, by E. Preston Sumner, Jr., Executive
Vice President, StarTek USA, Inc., a Colorado corpo
My Commission expires
*If in Denver, insert "City and."
WHEN RECORDED RETURN TO:
Bruce T. Barker , Commission Esyrns September H, 2001
Weld County Attorney
P. O. Box 1948
Greeley, Colorado 80632 1111111 11111 111111 III 1111111 11111 111111 III 11111 liii liii Y
M 1 WPFILE5\DEFLS\SIDOi BTB
2588075 01/07/1998 02:07P Weld County CO
s my hand and official sealcs..
j
Notary Public
Address
LEGAL DESCRIPTION
Weld County Business Park P.U.D.
Starpak Parcel
A part of Tract "C" Weld County Business Park P.U.D. a subdivision within the City of Greeley,
County of Weld, State of Colorado, more particularly described as follows:
Commencing at the Northeast Corner of Section 31, Township 6 North, Range 65 West of the
6th Principal Meridian, and considering the East line of the Northeast Quarter (NE1/4) to bear
South 00° 00' 00" West, to the East Quarter (El/4) Corner of said Section, with all bearings
contained herein being relative thereto; thence along the said East line of the Northeast Quarter
(NE1/4), also being the centerline of 11th Avenue, South 00° 00 '00" West, a distance of
1,545.00 feet; thence North 90° 00' 00" West, a distance of 50.00 feet, to a point on the West
Right -of -Way line of 11th Avenue also being a point on the East line of Tract "C" Weld County
Business Park P.U.D. and the True Point of Beginning of this description.
Thence North 90° 00' 00" West, a distance of 428.37 feet, to a point on the East Right -of -Way
line of "H" Street also being the West line of Tract "C"; thence along the said line the following
three (3) courses and distances, (1) along a curve to the right having a radius of 804.75 feet, a
central angle of 35° 47' 21", an arc distance of 502.68 feet, the long chord of which bears South
03° 06' 19" West, a distance of 494.55 feet; (2) thence South 21° 00' 00" West, a distance of
250.00 feet; (3) thence along a curve to the left having a radius of 365.51 feet, a central angle of
07° 50' 34", an arc distance of 50.03 feet, the long chord of which bears South 17° 04' 43" West,
a distance of 49.99 feet; thence South 90° 00' 00" East, a distance of 559.43 feet, to a point on the
East line of Tract "C" also being the West Right -of -Way line of 11th Avenue; thence North 00°
00' 00" East, a distance of 775.00 feet to the True Point of Beginning.
Said Parcel of land contains 7.997 acres, more or less, and is subject to any Rights -of -Way or
other easements as granted or reserved by instruments of record or as now existing on said parcel
of land.
NOTE: This Legal Description is based on the Weld County Business Park P.U.D. Filing Plat as
recorded in the Weld County Clerk & Recorder office, Book 1212 Rec. No. 2158271 on October
12, 1988, and does not represent an actual survey of the property.
Legal Description Prepared by:
C
Michael C. Ketterling
Ketterling, Butherus & Norton Engineers, LLC.
820 8th Street
Greeley, Colorado 80631
September 8, 1997
HBO 11111111111HMI IIM111111III111111111Mil
2588075 01/07/1998 02:07P Wald County CO
2 of 3 R 0.00 D 0.00 JR Suitt Tsukamoto
EXHIBIT "A"
WELD COUNTY
HAZARDOUS
WASTE
tc-k
COQ P
OJE
RJ0P
1
0 200 400
SCALE: 1" = 200'
97049\STAREXH
ENGINEERS
\ \ CENTER
ALTERNATIVE HOME
FOR YOUTH
ISLAND GROVE
REGIONAL TREATMENT
KETTERLNG,BUTHERUS & NORTON
820 8th Street Greeley, Colorado
(970) 395-9880
DETENTION POND
7.997 ACRES
10_0'
20'
EAST 1/4 CORNER
SEC. 31, T.6N., R.65W.
H" STREET
W0 01
-ot OD
u�
W J
uGO
GO
O 1-▪ 0• —
$19
C9▪ N�
amp
J
• S�
r O
M O.�
C 0�
7c O•
3 7
O C5
r•.< S
O 0
O —
September 8. 7997
WELD COUNTY BUSINESS PARK
GREELEY, COLORADO
STARPAK PARCEL
STARTEK USA, INC.
Secretary's Certificate
I, Dennis M. Swenson, Corporate Secretary of StarTek USA, Inc. hereby certify that the
Board of Directors of StarTek USA, Inc. on December 10, 1997 authorized E. Preston
Sumner, Jr., Executive Vice President, on behalf of the Corporation to execute an
Agreement for Sale and Purchase of Real Estate, a Deed of Trust, a Promissory Note with
Provision for Forgiveness, and other related documents necessary to effect the transfer of
approximately 8 acres of land located in Weld County at a price of $261,360.
Dennis M. Swenson
972rn3
Hello