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HomeMy WebLinkAbout972085.tiffX51 2561851 B-1619 P-903 08/05/1997 02:47P PG 1 OF 35 REC DOC Weld County CO JA Suki Tsukamoto Clerk & Recorder 176.00 DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS OF I-25 BUSINESS PARK A PLANNED COMMUNITY - JUNE 3, 1997 EA otal, 9/)./c-i 7 972085 P1_056 I CONDITIONS AND RESTRICTIONS FOR I-25 BUSINESS PARK PREAMBLE THIS DECLARATION, made on the date hereinafter set forth, by ZEEK PARTNERSHIP, LTD, A Colorado Limited Partnership hereinafter referred to as "Declarant." WHEREAS, Declarant is the owner of certain real property located in the County of Weld; State of Colorado, hereinafter referred to as "Properties" and as more particularly described on Exhibit A attached hereto and incorporated herein by reference: WHEREAS, Declarant desires to subject and place upon Properties certain covenants, conditions, restrictions, easements, reservations, rights -of -way, obligations, liabilities and other charges set forth herein for the purpose of protecting the value and desirability of said property and for the purpose of furthering a plan for the improvement, sale and ownership of said property as a Planned Development to the end that a harmonious and attractive development of said property may be accomplished and the health, comfort, safety, convenience and general welfare of owners in said property, or any portion thereof, may be promoted and safeguarded. NOW, THEREFORE, Declarant hereby declares that the Properties described herein shall be held, sold, and conveyed subject to the following easements, covenants, conditions, restrictions, uses and obligations, all of which are to be for the purpose of protecting the value and desirability of the Properties described, which shall run with the Propeties, and which shall be binding upon all persons having any right, title or interest in the described Properties or any part thereof, their heirs, grantees, successors, representatives and assigns and shall inure to the benefit of each owner thereof and that the purpose of this document is to form a Planned Development. ARTICLE I Definitions As used in this Declaration, unless the context otherwise requires, the terms hereinafter set forth shall have the following meanings: 1.01 "Architectural Control Committee" or "ACC" means the committee appointed by the Declarant or by the Association to review and approve or disapprove plans for improvements, as more fully provided in this Declaration. 1.02 "Association" shall mean I-25 Business Park Association, a Colorado Non-profit Corporation, its successors and assigns. 2561851 B-1619 P-903 08/05/1997 02:47P PG 2 OF 35 1.03 "Builder" means any person or entity who constructs a commercial building Lot on _ any previously unimproved Lot within the Property. 1.04 "Bylaws" shall mean any instrument which is adopted by the Association for the regulation and management of the Association, including any amendments to these instruments. 1.05 "Common Areas" shall mean and refer to the property and improvements, together with all roads, streets, fences, rights -of -way and easements located within the Properties which are to be owned and/or maintained by the Association for the common use, benefit and enjoyment of the Lot Owners. Common Areas known at the time of the execution of this Declaration are described on the recorded plat and on Exhibit B hereto. Additional improvements or property may be added as Common Areas as approved by the Executive Board for the Association and as shown on a recorded map which shows such additional Common Areas. 1.06 "Planned Development" means real estate described in this Declaration, as supplemented and amended from time to time, with respect to which a person, by virtue of such person's ownership of a Lot, is obligated to pay for real estate taxes, insurance premiums, maintenance or improvement of other real estate described in this Declaration. 1.07 "Declarant" shall mean Zeek Partnership, LTD, a Colorado Limited Partnership, and its successors or assigns, if such successors or assigns shall acquire any portion of the Properties described for the purpose of development and be designated by the Declarant or a successor Declarant, as a Declarant by a duly recorded written instrument. Any such written designation by the Declarant may include the right of redesignation by such successor or further successors. 1.08 "Declaration" shall mean this Declaration of Covenants, Conditions and Restrictions of I-25 Business Park as same may be amended from time to time. 1.09 "Development Rights" means any right or combination of rights reserved by Declarant hereunder including the following: (a) To add real property to be covered under the terms of this Declaration; (b) To create additional Lots, or Common Areas within the real property covered under the terms of this Declaration; (c) To subdivide Lots or convert Lots into Common Areas; (d) To withdraw real estate from being subject to the terms of this Declaration. 2561851 B-1619 P-903 08/05/1997 02:47P PG 3 OF 35 2 1.10 "Executive Board" shall mean the Executive Board of the Association, duly elected pursuant to the Bylaws of the Association or appointed by the Declarant as therein provided or provided in this Declaration. 1.11 "First Mortgage" shall mean any person, corporation, partnership, trust, company, association, or other legal entity which owns, holds, insures or is a governmental guarantor of a mortgage or deed of trust, which mortgage or deed of trust is a first and prior lien encumbering a Lot or Parcel within the Properties described. 1.12 "Lot" shall mean and refer to any Lot shown upon the recorded plat & described in Exhibit A or later amended plats as a subdivided Lot within the Properties and which is subject to this Declaration, with the exception of the Common Areas, public streets or other public property. Lot shall include any building Lot or structure constructed thereon. 1.13 "Member" shall mean all those who are members of the Association as provided in this Declaration. 1.14 "Plat" shall mean the Amended Plat of the Rademacher Business Park P.U.D. a copy of which is being recorded simultaneously herewith. 1.15 "Properties" shall mean the entire real property and the improvements located thereon as more fully described and shown on the recorded plat. 1.16 "Security Interest" means an interest in real estate or personal property created by contract or conveyance which secures payment or performance of an obligation. The term includes a lien created by a mortgage, deed of trust, trust deed, security deed, contract for deed, land sales contract, lease intended as security, assignment of lease or rents intended as security, pledge of an ownership interest in an association, and any other consensual lien or title retention contract intended as security for an obligation. 1.17 "Special Declarant Rights" means rights reserved for the benefit of Declarant to complete improvements indicated on plats and maps filed with the Declaration; to exercise any development right; to maintain sales offices, management offices, signs advertising the Planned Development, and models; to use easements through the common elements for the purpose of making improvements within the Planned Development or within real estate which may be added to the Planned Development; to make the Planned Development subject to a master association; to merge or consolidate a Planned Development of the same form of ownership; or to appoint or remove an officer of the association or any Executive Board member during any period of Declarant control. 1.18 " Lot Owner or Owner" means the Declarant or other person who owns a Lot, but does not include a person having an interest in a Lot solely as security for an 2561851 B-1619 P-903 08/05/1997 02:47P PG 4 OF 35 obligation. The Declarant is the owner of any Lot created by the Declaration until that Lot is conveyed to another person. ARTICLE II Property Rights 2.01 Owner's Easements: Every Lot Owner shall have the non-exclusive right and easement of use and enjoyment in and to any Common Areas related to this Declaration (hereinafter referred to as Common Areas), which shall be -appurtenant to and shall pass with the title to every Lot, subject to the following provisions: • (a) The right of the Association through its Executive Board to make such use of the Common Areas as may be necessary or appropriate for the performance of its duties and functions which it is obligated or permitted to perform under this Declaration; (b) The right of the Executive Board, in its sole discretion, to grant easements and rights of way on, across, under and over the Common Areas to any entity providing water, sewer, gas, electricity, telephone, cable television, or other similar service to the Properties; (c) The right of the Executive Board to make reasonable rules and regulations regarding the use and upkeep of the Common Areas and facilities located thereon; (d) The right of the Executive Board to dedicate or transfer all or any part of the Common Areas to any public agency, authority, or utility for such purposes and subject to such conditions as may be agreed to by the Members. No such dedication or transfer shall be effective unless an instrument agreeing to such dedication or transfer signed by two-thirds of the Members has been recorded; (e) The right of the Association to close or limit the use of the Common Areas or portions thereof for any reasonable purpose; provided, however, the Association shall not deny a Lot Owner ingress or egress to that Owner's Lot. 2.02 Delegation of Use: Any Owner may delegate his or her right of enjoyment of the Common Areas to his tenants, contract purchasers or customers. All Owners shall comply strictly with and cause all tenants, purchasers or customers to comply with this Declaration, the Articles of Incorporation, the Bylaws of the Association, and the decisions, rules, regulations and resolutions of the Association. Each Owner shall be fully responsible for the actions of their customers. 2561851 B-1619 P-903 08/05/1997 02:47P PG 5 OF 35 2.03 Declarant's Easements: Easements are hereby reserved to the Declarant in and to the Common Areas as may be reasonably necessary for the purpose of discharging any of Declarant's obligations or exercising any Special Declarant Rights. 2.04 Easements for Drainage, Utilities and Other Purposed: Easements for the installation and maintenance of utilities, drainage facilities, landscaped areas, Planned Development identifying signage and miscellaneous public or private improvements and access thereto are reserved as shown on the recorded plat affecting the Lots and any amendments to such plat or as established by any other instrument of record. 2.05 Infrastructure Development Plan: The initial infrastructure improvements being constructed and/or installed by the Declarant are limited to those shown on: (a) SEE EXHIBIT A (b) Such other streets, general utility connections, distribution lines, and other improvements as may become required to furnish all Lots with water, electrical, natural gas and telephone service. Declarant expressly DISCLAIMS any and all warranties and representations, express or implied, regarding the date upon which the remainder of any infrastructure improvements as depicted on the Amended Plat of the Rademacher Business Park P.U. D. will, IF EVER, be completed. The foregoing disclosure of Declarant's infrastructure development plan is provided for informational purposes only. It is specifically intended that nothing contained in this Declaration shall have the effect of either altering, amending, modifying, accelerating or otherwise increasing any liability or obligation of Declarant in connection with the construction of any streets, utility improvements, drainage facilities or other general infrastructure improvements required to be installed pursuant to any improvement or development agreement with Weld County, Colorado, or by applicable statutes and any rules, regulations or other requirements of governmental authorities having jurisdiction. 2.06 Recorded Easements, Licenses and Other Matters: This Planned Development is subject to the recorded easements, licenses and other matters listed on the recorded plat attached hereto and incorporated herein by this reference. ARTICLE III Membership - Association 3.01 General Purposes and Powers: The Association, through the Executive Board, shall perform management functions as provided in this Declaration. Any purchaser of a Lot or a parcel within the Properties shall be deemed to have assented to, ratified and approved such designations and management. The Association shall have all the power necessary or desirable to effectuate such purposes. 2561851 B-1619 P-903 08/05/1997 02:47P PG 6 OF 35 5 3.02 Articles and Bylaws: Applicability of the Act: The purposes and powers of the Association and its rights and obligations set forth in this Declaration may be amplified by provisions of the Articles of Incorporation and Bylaws of the Association. In the event either the Articles or Bylaws conflict with the Declaration, the Declaration shall control. In the event the Articles conflict with the Bylaws, the Articles shall control. 3.03 Membership: Every record Owner of a fee interest in any Lot which is subject to an annual assessment shall be a Member of the Association, including contract sellers; provided that any such person or entity who holds such interest merely as a security for the performance of an obligation shall not be a Member. Record ownership of a Lot shall be the sole qualification for such membership. Where more than one person holds interest in any Lot, all such persons shall be Members in proportion to their share of ownership in the Lot. If only one of the multiple Owners is present at any meeting of the Association where Members are entitled to cast their votes, such Owner is entitled to cast the entire vote for such Lot. If more than one Owner is present, the vote for such Lot may be cast only in accordance with the agreement of a majority in interest of the Owners. Any protest must be made promptly by any of the other Owners of said Lot. 3.04 Voting Interest and Allocation of Common Expenses: The Association shall have one class of voting membership. Members shall be all Owners and shall be entitled to one vote for each Lot owned. The vote for such Lot, the ownership of which is held by more than one Owner, shall be exercised as they determine between themselves. Should the joint owners be unable, within a reasonable time, to agree upon how they will vote any issue, they shall be passed over and the right to vote on such issue shall be lost. In no event shall more than one vote be cast with respect to any one Lot. Each Lot shall have allocated to it a percentage of the common expenses of the Association and voting interest equivalent to one Lot in relation to the total number of Lots. Lots owned by Declarant shall not receive any special benefit relating to assessments or voting rights. If any additional Lots are added so as to be covered by this Declaration, each Lot's obligation for assessments and its related voting rights shall be proportionately reduced. 3.05 Reservation: Notwithstanding the foregoing voting rights, Declarant reserves the right to appoint the Executive Board of the Association until the occurrence of one of the following events: (a) Within sixty (60) days after conveyance to Lot Owners other than Declarant, of twenty-five percent (25%) of the Lots that may be created, at least one member and not less than twenty- five percent (25%) of the members of the Executive Board must be elected by Lot Owners other than the Declarant. (b) Within sixty (60) days after conveyance to Lot Owners other than Declarant of fifty percent (50%) of the Lots that may be created, not less than thirty-three and one-third percent (33- 2561851 B-1619 P-903 08/05/1997 02:47P PG 7 OF 35 6 1/3%) of the members of the Executive Board must be elected by Lot Owners other than the Declarant. (c) Within sixty (60) days after conveyance to Lot Owners other than a Declarant, of seventy-five percent (75%) of the Lots which may be created, within two (2) years after the last conveyance of a Lot by the Declarant in the ordinary course of business or within two (2) years after any right to add new Lots was last exercised, all members of the Executive Board must be elected by Lot Owners and no members may be appointed by Declarant. In addition, Declarant may voluntarily surrender the right to appoint members of the Executive Board, but in such event, may continue to require Declarants approval for certain specified actions as described in a recorded instrument executed by Declarant at such time. For the purposes of this Declaration, present number of Lots which shall be subject to the provisions hereunder shall be twenty-six (26), the Declarant reserves the right to create up to twenty-six (26) more Lots. Declarant reserves the right at any time within ten (10) years from the date this Declaration is recorded, to add additional real property to this Planned Cummunity. The Declarant has the Special Declarant Right to sub -divide or convert Lots. Those rights are dependent upon and subject to approval by the appropriate governmental bodies of Weld County, Colorado. The Declarant may at its discrection convey or assign to Lot Owners any or all reserved or Special Declarant Rights. 3.06 Indemnification: The Association shall indemnify every director, officer, agent or employee, and any former director, officer, agent or employee against loss, costs, and expense, including reasonable attorney fees incurred in connection with any action, suit, or proceeding in which such person may be made a party by reason of being, or having been such director, officer, agent or employee of the Association or Executive Board. This indemnification shall not apply to acts where such person is liable for gross negligence or fraud. Any such indemnification may only be paid out of the insurance coverage furnishing Officers and Directors of the Association errors and omissions insurance coverage or similar coverage. All payments or settlements of this indemnification shall be limited to the actual proceeds of insurance policies received by the Association, however, any deductible shall be paid by the Association. Said indemnification shall not apply to any managing agent hired by the Association as an independent contractor. 3.07 Rights of the Association: (a) Association as Attorney -in -Fact for Owners: The Executive Board is hereby irrevocably appointed attorney -in -fact for the Owners, and each of them, to manage, control and deal with the interest of such Owner so as to permit the Association to fulfill 2561851 B-1619 P-903 08/05/1997 02:47P PG 8 OF 35 all of its duties and obligations hereunder. The Executive Board is granted all of the powers necessary to govern, manage, maintain, repair, administer and regulate in order to accomplish its purposes under this Declaration. (b) Contracts, Licenses and Other Agreements: The Executive Board shall have the right without the consent of Owners or First Mortgagees to enter into or grant contracts, easements, licenses, leases and agreements, concerning the use of Common Areas and any improvements located thereon. (c) Implied Rights: The Executive Board shall have and may exercise any right or privilege given to it expressly by this Declaration, or reasonably implied from the provisions of this Declaration, or given or implied by law, or which may be necessary or desirable to fulfill its duties, obligations, rights or privileges. (d) General Authority: The Association through the Executive Board shall provide for the maintenance and uniform development of the areas which are common to the entire Properties such as right-of-way landscaping, fencing, lighting and signage of certain streets. In addition, the Association is established to provide review for each Lot or Lots within the Properties to insure that general conformance exists with respect to certain architectural and landscaping matters, and also to carry out overall Community goals, for instance, by way of example, collection and disposal of trash; snow removal; recycling; distribution of information; and to carry out other functions which the Executive Board feels in the general interest of all Lot Owners. (e) Management Agreements: Any agreement for professional management of the Association's business or an Affiliate of the Declarant shall have a maximum term of three (3) years and any such agreement shall provide for termination by either party thereto, with or without cause and without payment of a termination fee, upon not more than ninety (90) days prior written notice and shall terminate absolutely, in any event, no later than thirty (30) days after termination of the period of Declarant control. 2561851 B-1619 P-903 08/05/1997 02:47P PG 9 OF 35 ARTICLE IV Assessments 4.01 Creation of the Lien and Personal Obligation of the Assessment: The Declarant for each Lot owned, within the Properties, hereby covenants, and each Owner of any Lot by acceptance of a deed therefor, whether or not it shall be so expressed in such deed, is deemed to covenant and agree to pay to the Association an annual assessment, and special assessments to be established and collected as provided hereinafter. The annual and special assessments created and defined in this Declaration, together with late fees, individual assessments, interest, costs, and reasonable attorneys fees shall be a charge on the Lot they are levied against and shall be a continuing lien upon the property against which each such 'assessment is levied until such assessment or charge, together with any late fees, costs of collection and attorneys' fees are fully paid. Each such assessment, together with late fees, interest, costs and reasonable attorneys fees shall also be a personal obligation of the person who was the Owner of such Lot or of the persons jointly and severally, who were the Owners of such Lot at the time when the assessment became due and payable. The personal obligation for delinquent assessments shall not pass to successors in title unless expressly assumed by them. 4.02 Purpose of the Assessments: The assessments levied by the Association shall be used exclusively for the purpose of promoting the health, safety and welfare of the owners of the Properties and the members of the Association. In addition, said assessments may be used for the maintenance, repair and improvement of the Common Areas and landscaping thereon, for the maintenance and repair of the Baugh Lateral concrete lined irrigation ditch, all paved streets, and any fencing installed by either Declarant or the Association, or for maintenance, repair and improvement of the Common Areas or any other properties or improvements located on or adjacent to the Properties which is the responsibility of the Association, for payment of management fees, payment of insurance premiums, payment of legal, accounting and other professional services provided for the benefit of the Association, maintenance of an adequate reserve fund for repair and maintenance of Common Areas, for payment of utility charges of the Association, for the maintenance and repair of entry features, if any, constructed by Declarant, and for other expenses incurred by the Executive Board for the benefit of the Association and its members. Also, the assessments may be used for any other purposes reasonably necessary to implement the purposes described herein, including the ability of the Association to perform acts under Section 3.07 above. 4.03 Annual Assessments: (a) Annual assessment for Common Expenses; Allocation Amongst Lot Owners. An assessment for common expenses shall be levied and assessed annually by the Executive Board against each Owner of a Lot within the Planned Development. Said assessment may include the establishment and maintenance of a reserve fund for the maintenance, replacement, reconstruction 2561851 B-1619 P-903 08/05/1997 02:47P PG 10 OF 35 and repair of those portions of the Common Areas which the Association has duty to replace, repair, maintain and/or reconstruct on a periodic basis. Such assessment shall be paid in the proportion which the number of Lots owned by a particular Owner bears to the total number of Lots which have been established by the recording of a plat or plats. (b) Levy of assessments. At least thirty (30) days prior to the close of the Association's fiscal year, the Executive Board shall determine subject to the provisions of this Declaration, the annual assessment which is payable by each Lot. The annual assessment may be later adjusted upon a finding of necessity by the Executive Board, but no more than twice in any one year. Written notice of any such assessment or adjustment shall be sent to every Owner as such Owners are listed in the records of the Association. The omission or failure of the Board to levy any assessment or failure to send notice shall not be deemed a waiver, modification or a release of the Owners from their obligation to pay the assessment. (c) Non -exemption. No Owner or any person obligated to pay an assessment may waive or otherwise escape liability for any assessments provided for herein by non-use of the Common Areas, abandonment, or by any other action. 4.04 Maximum Annual Assessment and Budget: (a) Until the effective date of an Association budget ratified by the Lot Owners with a different amount for the annual assessment, the maximum annual assessment shall be $300.00 per Lot. (b) Within thirty (30) days after adoption of any proposed budget for the Planned Development, the Executive Board shall mail, by ordinary first- class mail, or otherwise deliver a summary of the Association budget to all the Lot Owners and shall set a date for a meeting of the Lot Owners to consider ratification of the budget not less than fourteen (14) days nor more than sixty (60) days after mailing or other delivery of the summary. Unless at that meeting the Lot Owners casting at least sixty-seven percent (67%) of the Association votes reject the budget, the budget is ratified, whether or not a quorum is present. In the event that the proposed budget is rejected, the periodic budget last ratified by the Lot Owners must be continued until such time as the Lot Owners ratify a subsequent budget proposed by the Executive Board. 2561851 8-1619 P-903 08/05/1997 02:47P PG 11 OF 35 10 4.05 Special Assessments: In addition to the annual assessments authorized above, the Executive Board may levy a special assessment for the purpose of defraying, in whole or in part, the cost of any construction, reconstruction, repair or replacement of any of the Common Areas or other capital improvements of the Association, provided that any such assessment shall have the assent of at least twenty percent (20%) of the votes of the Members who are voting in person or by proxy at a meeting duly called for this purpose. This requirement shall not apply to expenditures made by the Executive Board for repairs in the event of damage or destruction as set forth in Article VII of this Declaration. 4.06 Notice and Quorum Required to Assess a Special Assessment: Written notice of any meeting of Members called for the purpose of levy of a special assessment shall be sent to all Members not less than thirty days nor more than sixty days in advance of the meeting. At such meeting, the presence of Members or of proxies entitled to cast twenty percent (20%) of all the votes of the Membership shall constitute a quorum. 4.07 Uniform Manner of Assessment: All annual assessments and special assessments must be fixed at a uniform rate for all Lots. In addition, at the option of the Executive Board, any assessment, either annual or special, may be collected on a monthly or quarterly basis. 4.08 Date of Commencement of Assessments: Prorations: Due Date. The annual assessment provided for herein shall commence as to all Lots upon the first day of the month following the conveyance of the first Lot. The Declarant shall pay all common expenses accrued prior to the date upon which the Association makes an annual assessment for the first time. Thereafter, the Declarant shall be liable only for the annual assessment due upon those Lots owned by it. The initial annual assessment due with respect to all Lots shall be prorated according to the number of months remaining in the Association's fiscal year at the time of said initial assessment. Thereafter, any Lot Owner purchasing a Lot between payment due dates shall pay a pro rata share of the last payment due. The annual assessment shall be due and payable on an installment basis as determined by the Executive Board. Special assessments shall be due and payable in a manner as established by the Executive Board but may be payable on an installment basis, as so determined by the Executive Board. Written notice of all assessments shall be sent to each Owner subject thereto specifying the type of assessment, the amount and the date such assessment is due. The Association shall, upon demand, and for a reasonable charge, furnish a certificate signed by an officer of the Association setting forth whether the assessments on a Lot have been paid or the amount of assessment currently owing with respect to a Lot. The Association, the Executive Board, the Officers and the Members shall have no liability for any inaccurate information supplied under this paragraph. 2561851 B-1619 P-903 08/05/1997 02:47P PG 12 OF 35 11 4.09 Non-payment, Remedies of the Association. Lien Priorities: (a) All types of assessments shall become delinquent unless paid by the due date. If any such assessment is not paid by the due date, the Owner obligated to pay such assessment may be required to pay a reasonable late fee, as determined by the Executive Board. Any assessment not paid within thirty (30) days after the due date, shall bear interest from the due date at the rate of 18% per annum. The failure to make payment within sixty (60) days of the due date thereof shall cause the total amount of such Owner's annual assessment for the remainder of that fiscal year to become immediately due and payable at the option of the Executive Board, without further notice. (b) The Association may bring an action at law or equity against the Owner obligated to pay the assessment or undertake any other remedies allowed by law. In the event it shall become necessary for the Executive Board to collect any delinquent assessments in any manner, the delinquent Owner shall pay, in addition to the assessment, interest and late fees as herein provided, all costs of collection including reasonable attorneys fees and costs incurred by the Association. (c) The Association is hereby granted a continuing lien against an Owner's Lot for payment of any assessment which the Owner fails to make as required by this Declaration. Such lien shall attach at the time of levy of the assessment and continue until such assessment, together with all late fees, interest and costs of collection, including reasonable attorneys' fees, are paid in full. The lien hereby given shall also be a lien upon all of the rents and profits of the encumbered Lot. (d) The lien hereunder may be foreclosed upon by the Association as provided by the laws of the State of Colorado for foreclosure of mortgages on real property. The Association shall have all rights in this regard as provided by the Colorado Revised Statutes. (e) Subject to the rights of first mortgagees, if a foreclosure action is filed to foreclose any assessment line, and an Owner abandons or leaves a Lot vacant, the Executive Board may take possession and rent said Lot or apply for the appointment of a receiver for the Lot without prior notice to the Owner. (f) In the event an Owner is in default on any obligation secured by an encumbrance on a Lot in the Planned Development, the Executive Board, at its option, may pay the amount due on said obligation and shall have a lien for said amount against the Lot which lien shall attach in the manner as provided for unpaid assessments. 2561851 B-1619 P-903 08/05/1997 02:47P PG 13 OF 35 (g) In the event any lien is required to be filed and released to enforce collection hereunder, all costs of preparation, filing and release shall be paid by Ownerasa cost of collection. (h) A lien under this Article IV is prior to all other liens and encumbrances on a Lot except: (1) Liens and encumbrances recorded before the recordation of the Declaration (2) A Security Interest on the Lot which has priority over all other Security Interests on the Lot and which was recorded before the date of which the assessment sought to be enforced became delinquent, or which has priority over all other Security Interests on the Lot and which was perfected before the date on which the assessment sought to be enforced became delinquent; and (3) Liens for real estate taxes and other governmental assessments or charges against the Lot. This subsection (h) does not affect the priority of mechanics' or material men's liens or the priority of liens for other assessments made by the Association. 4.10 Capital Fund: The Association may establish a capital fund with each Lot being obligated to make a contribution to said fund of up to twenty-five (25%) of the annual assessment applicable at the time of payment with respect to said Lot. If the fund is established, each such nonrefundable contribution shall be collected and the amount established at the closing of the initial sale of such Lot and such amount collected shall be maintained for the use and benefit of the Association and shall not be considered a payment of annual assessment. Said fund shall be utilized at the discretion of the Executive Board to meet unforeseen expenses, to acquire capital equipment or provide any additional services to benefit the Association including payment of costs and expenses incurred in the enforcement of provisions of this declaration. Upon the transfer of a Lot, a Lot Owner shall -be entitled to a credit from the transferee (but not from -the Association) for the aforesaid contribution to the capital fund. 4.11 Specific Approval Required: In the event prior approval of a special assessment, fine or any increased annual assessment is required by any agency because sale of portions of the Properties are financed by such agencies, written consent of such agency is also required. 4.12 Reconstruction Assessments: In accordance with Article VII of this Declaration, the Association shall have the authority to impose and levy a reconstruction assessment against all Lots for reconstruction of Common Areas and for payment of insurance 2561851 B-1619 P-903 08/05/1997 02:47P PG 14 OF 35 13 premiums. Said assessment shall be prorated among Owners in the same manner and proportion as the annual assessment. 4.13 Individual Assessments and Fines: An individual assessment may be assessed by the Executive Board as allowed in this Declaration against any Owner or Owners. Said assessment shall be made only after twenty (20) days written notice to the Owner or Owners to be assessed, the opportunity to the Owner for a hearing before the Executive Board, and a vote of a majority of a quorum of the Board levying said assessment. A fine may be assessed by the Executive Board against an Owner or Owners for each violation of the Declaration, the Articles, the Bylaws and the Rules and Regulations. Said fine shall be assessed by complying with the procedure for individual assessment set forth above. ARTICLE V Architectural Control Committee 5.01 Approval of Improvements Required: No improvements shall be constructed, erected, placed, planted, applied or installed upon any Lot unless plans and specifications therefor (said plans and specifications to show exterior design, height, materials, color, and location of the improvements, and type of landscaping, fencing, walls, windbreaks and grading plan, as well as such other materials and information as may be required by the Architectural Control Committee) shall have been first submitted to and approved in writing by the Architectural Control Committee (hereinafter the "ACC"): provided, however, that the Declarant shall be exempt from seeking or obtaining ACC approval during Declarant's development of , construction on , or sales of any Lot or building on any Lot. The ACC shall exercise its reasonable judgment to the end that all improvements conform to and harmonize with the existing surroundings, buildings, landscaping and structures. In its review of such plans, specifications and other materials and information, the ACC may require that the applicant(s) reimburse the committee for the actual expenses incurred by the committee in the review and approval process. Such amounts, if any, shall be levied in addition to the annual assessment against the Lot for which the request for ACC approval was made, but shall be subject to the Association's lien for assessments and subject to all other rights of the Association for the collection of such assessments, as more fully provided in this Declaration. 5.02 Members of ACC: The ACC shall consist of three persons. Declarant shall have the right to appoint and reappoint the members, who need not be Owners, until all of the Lots have been conveyed to the first Lot Owner thereof (other than Declarant or a Builder). In addition, Declarant may terminate its right of appointment by providing written notice to the Executive Board or the Secretary of the Association. Thereafter members shall be appointed by the Executive Board for three year terms except terms for the initial ACC appointed by the Executive Board shall be one year for one member and two years for one member and three years for one member. All members appointed by the Board to the ACC must be Owners and shall not be entitled to any compensation for their service. 2561851 B-1619 P-903 08/05/1997 02:47P PG 15 OF 35 5.03 Decision of ACC: The decision of the ACC shall be made within thirty (30) days after receipt of all materials and plans required to be submitted to the ACC. The decision shall be in writing and, if the decision is not to approve a proposed improvement, the reasons therefor shall be stated. The decision shall be promptly mailed to the applicant at the address furnished by the applicant. A majority vote of the ACC shall constitute action by the ACC. 5.04 Criteria for Approval: The ACC shall have the right to disapprove any application which is not suitable or desirable for aesthetic or other reasons, and the ACC shall have the right to take into consideration the suitability of the proposed improvement, the materials of which it is to be built, the color, the site upon which it is proposed to erect the same, the harmony thereof with the surroundings, the topography of the land, the effect of the proposed improvement on adjacent or neighboring property, and if the improvement is in accordance with all of the provisions and intent of this Declaration, the Basic Specifications set forth in Section 5.10, hereinbelow, and the design guidelines to be adopted under Section 5.11 hereinafter set forth. The application may be rejected if the plans and specifications submitted are incomplete. The ACC may condition its approval of any application upon such terms, conditions and changes as the ACC may deem appropriate. 5.05 Appeal to the Executive Board: If the ACC denies approval of a proposed improvement, the applicant may appeal to the Executive Board by giving written notice of such appeal to the Executive Board within ten (10) days after such denial. The Executive Board shall hear the appeal with reasonable promptness after reasonable notice of such hearing to the applicant and the ACC and shall decide, with reasonable promptness, whether or not the request shall be approved. The decision of the Executive Board shall be final and binding upon all parties. In the event the ACC is not properly formed or ceases to exist, all functions of the ACC shall be taken over by the Executive Board. 5.06 Failure of ACC to Act on Plans: Any request for approval of a proposed improvement shall be deemed approved, unless written disapproval is mailed to the applicant within thirty (30) days after the date of receipt by the ACC of all necessary materials as determined by the ACC. Any failure of the ACC to act under this Section shall not be deemed a waiver of any right to withhold approval or consent for a similar proposal submitted in the future. 5.07 Noncompliance: If the Board or ACC finds that any improvement has been bone without obtaining the necessary approval under this Article, or was not done in compliance with the plans and specifications furnished by the applicant, the applicant shall be notified in writing of the noncompliance. Upon receipt of said notice, the applicant shall remedy or remove the improvement or portion which is in noncompliance within fifteen (1 5) days of the date the written notice of noncompliance was mailed. 2561851 B-1619 P-903 08/05/1997 02:47P PG 16 OF 35 The applicant may appeal a notice of noncompliance within ten(10) days of the mailing of the notice by filing a written request for review with the Executive Board. Upon receipt of said written notice of review, the Board shall decide as soon as reasonably possible whether there has been noncompliance, with the decision of the Board being binding on all parties. In reviewing the matter, the Board may review any information it deems pertinent and request that any additional materials be supplied for its review. In the event the applicant or any Owner fails to remedy any noncompliance, the Board may take any and all steps it deems necessary to effectuate such a remedy or to remove the noncompliance including all rights under law. The Board may remove the noncomplying improvement from the property and assess the costs of removal against the Owner. In addition, the Board may, at its discretion, levy a fine or individual assessment against said Owner for all costs and expenses incurred, including reasonable attorney's fees in the matter or in the removal of any noncomplying improvement. 5.08 No Implied Waiver: No action by the ACC or by the Executive Board shall constitute a waiver or be binding with respect to future action by the ACC or the Executive Board under this Article. Specifically, no approval or failure to act by the ACC or the Board with respect to any request shall be deemed a waiver of any right to withhold approval or consent for any other proposed improvement or for any other similar proposals. 5.09 Nonliability for Committee Action: No member of the ACC, nor any member of the Executive Board nor the Declarant shall be liable for any loss, damage or injury arising out of or in any way connected with the performance of the duties of the ACC or Executive Board unless it be due to the willful misconduct or bad faith of the party to be held liable. In reviewing any matter, the ACC shall not be responsible for reviewing, nor shall its approval of an improvement or plan be deemed approval from the standpoint of safety, or imply that said improvement is in conformance with building codes or other governmental laws or regulations. 5.10 Basic Specifications: The following basic specifications, requirements and restrictions (hereafter "Basic Specifications") shall apply to the construction, repair, replacement or other installation of any improvement, as more particularly described in Section 5.01 herein above, upon Lot: (a) Building Envelope, Site Orientation and Planning. (1) Building Envelope for Lots (a) Minimum front Lot setback = 40 feet from the street right-of-way.. (b) Minimum side Lot setback = 30 feet from the side property lines. (c) Minimum back Lot setback = 50 feet from the rear property line. 2561851 B-1619 P-903 08/05/1997 02:47P PG 17 OF 35 16 (b) Front Lot Light, Exterior Lighting and Mailboxes (1) Any exterior lighting installed on any Lot or OutLot shall be indirect or of such controlled focus or intensity as not to disturb the owners of adjacent properties. (2) Each Lot Owner shall build and maintain an individual mailbox structure which meets the Subdivision design standard. (c) Architectural Design Styles. Certain architectural styles are neither encouraged nor discouraged. Individualism in design is encouraged provided, however, that principles of good design have been employed and that the immediate and surrounding environment has been enhanced by the proposed "improvements." 5.11 Architectural Standards/Design Guidelines: The ACC or Executive Board will promulgate additional, more detailed rules and regulations to interpret and implement the provisions of thes Article. The rules and regulations may contain guidelines which will clarify the types of designs and materials that will be considered in deciding whether to withhold or grant its approval of any proposed improvements and the plans therefore. All improvements proposed to be constructed shall at all times be required to be built in accordance with any design guidelines adopted and also in accordance with the procedures set forth in this Article. ARTICLE VI RESTRICTIVE COVENANTS 6.01 General Plan: It is the intention of the Declarant to establish and impose a general plan for the improvement, development, use and occupancy of the Lots, all in order to enhance the value, desirability, and attractiveness of the Lots and subserve and promote the sale thereof. 6.02 Use of Properties: Each and every Lot or Lot within the Properties shall be used for business purposes only, together with such accessory uses as are allowed by law. All buildings or structures erected upon the Properties shall be constructed on site, and no buildings or structures shall be moved from other locations onto said premises. No temporary building or other temporary structures, trailers, basements, tents, shacks, barns, or outbuildings shall be erected, used or permitted to be kept or stored on any portion of the Properties for any period of time, except as specifically allowed in this Declaration, or except as utilized by Declarant or the assigns or lessees of Declarant for business purposes. 2561851 B-1619 P-903 08/05/1997 02:47P PG 18 OF 35 6.03 Uses Permitted: No Lot shall be used for purposes other than those allowed in a district zoned Commercial C-3 set forth in the Weld County Zoning Ordinances now in effect; however, specifically excluding and prohibiting the following uses: nightclubs, bars, lounges and taverns; mortuaries, funeral homes, truck stops. All structures, improvements and landscaping shall meet all requirements for C-3 as may be requested by the Weld County Zoning Ordinances. Notwithstanding the foregoing, the existing nonconforming use of Lot 10, Block 1, shall be allowed to continue until ninety (90) days after fifty (50%) percent of the lots have been conveyed. 6.04 General Restrictions: None of the Properties shall be used in any way or for any purpose which may endanger the health or unreasonably disturb the Owner of any Lot. No billboards, unsightly objects or nuisances shall be erected, placed or permitted to remain on the Properties except as allowed under Section 6.09 6.05 Prohibited Uses: No unlawful use shall be permitted or made of the Properties or any part there of. All laws, ordinances and regulations of all governmental bodies having jurisdiction shall be complied with. 6.06 Oil and Mining Operation: No oil drilling, oil development operation, oil refining, quarrying or mining operations of any kind shall be permitted upon or in any Lot, nor shall oil wells, tanks, tunnels, mineral excavations or shafts be permitted upon or in any Lot. No derrick or other structure designated for use in boring of oil or natural gas shall be erected, maintained or permitted or permitted upon any Lot. 6.07 Construction Facilities: Notwithstanding any provisions herein contained to the contrary, it shall be expressly permissible for Declarant, its agents, employees and contractors to maintain during the period of construction and sale of the Lots, upon such portion of the Properties as Declarant may choose, such facilities as in its sole opinion may be reasonably required, convenient or incidental to the construction and sale or rental of Lots including, without limitation business office, management offices, storage areas, construction yards, signs, model Lots, sales offices, construction offices, parking areas and lighting. Said offices may be at a location and a size as determined by Declarant. 6.08 Destruction of Buildings on Lots: If due to casualty or for any other reason a building located on a Lot shall be destroyed or so damaged that the building is no longer usable, then the Owner of such Lot shall, within a reasonable time not to exceed one hundred and twenty (120) days after the event resulting in such damage or destruction, either commence and diligently pursue repair or reconstruction of the building or demolish the same. Demolition of a building shall include removal of any foundation slabs, basement walls and floors, regrading the Lot to a level condition and the installation of -such landscaping as may be required by the ACC pursuant to a plan submitted by the Lot Owner of said Lot. If the Lot Owner of a Lot does not either commence repair, reconstruction or demolition activities within a reasonable time as provided herein above and diligently pursue the same in conformance with plans approved by the ACC then the Association may in its reasonable discretion, after providing the notice required in Article 2561851 B-1619 P-903 08/05/1997 02:47P PG 19 OF 35 IV, Section 4.13 hereof, enter upon the Lot for the purpose of demolishing the building and landscape the Lot in conformance with approved plans. The cost related to such demolition and landscaping shall be the personal obligation of the Owner of the Lot on which such work is performed and shall be subject to all of the terms and provisions applicable to assessments as provided in Article IV hereof, including without limitation, interest, late charges and lien rights. 6.09 Animals: No wild animals, livestock, birds, poultry, reptiles, or insects of any kind shall be raised, bred, kept or boarded in or on the Lots. 6.10 Miscellaneous Improvements: (a) No advertising or signs of any character shall be erected, placed, permitted, or maintained on any Lot other than a mane plate of the occupant and a street number, and except for a "For Sale" or "For Rent" sign of not more than five (5) square feet. Notwithstanding the foregoing, reasonable signs, advertising or billboards used by the Declarant or a Builder in connection with the sale or rental of the Lots, or otherwise in connection with development of or construction on the Lots, shall be permissible. (b) No wind generators or any kind shall be constructed, installed, erected or maintained on the Lots. (c) No fences or other exterior Improvements shall be constructed, installed, erected or maintained on any Lot unless approved by the ACC and except such fences, in such locations as were installed or permitted to be installed by the Declarant or a Builder in its construction of improvements on the Lots. 6.11 Vehicular Parking, Storage and Repairs: (a) No house trailer may be parked or stored on the Lots unless such parking or storage is within the garage area of- any Lot or suitably screened from view in accordance with the requirements of the ACC. (b) Except as herein above provided, no abandoned or inoperable automobiles or vehicles of any kind shall be stored or parked on any Lot. An "abandoned or inoperable vehicle" shall be defined as any automobile, truck, motorcycle, or other similar vehicle, which has not been driven under its own propulsion for a period of one (1) week or longer, or which does not have an operable propulsion system installed therein; provided, however, that otherwise permitted vehicles parked by Lot owners while on 2561851 B-1619 P-903 08/05/1997 02:47P PG 20 OF 35 vacation or during a period of illness shall not be deemed to be abandoned. (c) In the event the Association shall determine that a vehicle is parked or stored on any Lot in violation of subsections (a) or (b) of this Section 6.11, then a written notice describing said vehicle shall be personally delivered to the owner thereof (if such owner can be reasonable ascertained) or shall be conspicuously placed upon the vehicle (if the owner thereof cannot be reasonably ascertained), as determined by the Association in its discretion from time to time, the Association shall have the right to remove the vehicle at the sole expense of the owner thereof 6.12 Nuisances: No nuisance shall be permitted on any Lot nor any use, activity or practice which interferes with the peaceful enjoyment or possession and proper use of any Lot, or any portion thereof, by its owners. As used herein, the term "nuisance" shall not include any activities of Declarant or a Builder which are reasonably necessary to the development and construction of , and sales activities on, the Lots; provided, however, that such activities of the Declarant or a Builder shall not unreasonably interfere with any Lot owner's use and enjoyment of his Lot, or with any Lot Owner's ingress and egress to or from his Lot and a public way. No noxious or offensive activity shall be carried on upon any Lot nor shall anything be done or placed on any Lot which is or may become a nuisance or cause embarrassment, disturbance or annoyance to others. Further, no unlawful use shall be permitted or made of any Lot or any portion thereof All laws, ordinances and regulations of all governmental bodies having jurisdiction over the Lots, or any portion thereof, shall be observed. 6.13 No Hazardous Activities: No activities shall be conducted on any Lot or within improvements constructed on any Lot which are or might be unsafe or hazardous to any person or property. Without limiting the generality of the foregoing , no firearms shall be discharged upon any Lot and no open fires shall be lighted or permitted on any Lot. 6.14 No Annoying Sounds or Orders: No sound shall be emitted from any Lot which is unreasonably loud or annoying; and no odor shall be permitted from any Lot which is noxious or offensive to others. 6.15 Restrictions on Trash and Materials: No refuse, garbage, trash, lumber, grass, shrubs or tree clippings, plant waste, metal, bulk materials, scrap or debris of any kind shall be kept, stored, or allowed to accumulate on any Lot unless placed in a suitable container suitably located solely for the purpose of garbage pickup. All equipment for the storage or disposal of such materials shall be kept in a clean and sanitary condition. No garbage or trash cans or receptacles shall be maintained in an exposed or unsightly manner. - 2561851 B-1619 P-903 08/05/1997 02:47P PG 21 OF 35 20 6.16 -Minor Violations of Setback Restrictions: If upon the erection of any structure, it is disclosed by survey that a minor violation or infringement of setback lines has occurred, such violation or infringement shall be deemed waived by the Owners of each Lot immediately adjoining the structure which is in violation of the setback, and such waiver shall be binding upon all other Lot Owners. However, nothing contained in this Section 6.16 shall prevent the prosecution of a suit for any other violation of the restrictions, covenants, or other provisions contained in this Declaration. A "minor violation", for the purpose of this Section, is a violation of not more than four (4) feet beyond the required setback lines or Lot lines. This provision shall apply only to the original structures and shall not be applicable to any alterations or repairs to, or replacements of , any of such structures. 6.17 Rules and Regulations: Rules and Regulations concerning and governing the Lots and/or this Planned Development may be adopted, amended or repealed from time to time by the Executive Board, and the Executive Board may establish and enforce penalties for the infraction thereof, including, without limitation, the levying and collecting of fines for the violation of any of such Rules and Regulations. 6.18 Lots to be Maintained: Each Lot shall at all times be kept in a clean and sightly condition by the Lot Owner of the Lot. No trash, litter, junk, boxes, containers, bottles, cans, implements or machinery shall be permitted to remain upon any Lot except as necessary during the period of construction or as provided in Section 6.12 of this Article. 6.19 Maintenance of Grade and Drainage: Each Lot Owner shall maintain the grading upon his Lot, and the Association shall maintain the grading upon such real property which the Association has a duty to maintain, at the slope and pitch fixed by the final grading thereof, including landscaping and maintenance of the slopes. Each Lot Owner and the Association agree, for themselves and their successors and assigns, that they will not in any way interfere with the established drainage pattern over any real property which they have a duty to maintain, from adjoining or other real property. In the event that it is necessary or desirable to change the established drainage over any Lot or other real property which a Lot Owner or the Association has a duty to maintain, then the party responsible for the maintenance of such real property shall submit a plan to the Architectural Control Committee for its review and approval, in accordance with the provisions of Article V of this Declaration. For purposes of this section 6.19, "established drainage" is defined as the drainage which exists at the time final grading of a Lot is completed. ARTICLE VII Insurance 7.01 Coverage: The Executive Board shall obtain and maintain at all times to the extent obtainable, insurance policies relating to the Common Areas, and Maintenance area. Said 2561851 B-1619 P-903 08/05/1997 02:47P PG 22 OF 35 policies shall be written with companies licensed to do business in the State of Colorado. The Executive Board and the Declarant shall not be liable for failure to obtain any coverages required if such failure is due to the unavailability of such coverages or if such coverages are available only at unreasonable cost in such case, however, the Association shall promptly cause notice of such fact to be hand delivered or sent by United States Mail to all Lot Owners. If requested in writing by an Owner or a First Mortgagee, the Executive Board shall furnish a certificate of insurance or notices of termination of coverage or changes in coverage. (a) Each such policy shall provide: (1) Such policy shall not be canceled, invalidated or suspended because of the conduct of any Lot Owner (including said Lot Owner's, customers, tenants or agents) or of any officer, agent or employee of the Association without a prior demand in writing to the Association that the conduct or defect be cured and the Association shall not have so cured within sixty (60) days of said demand. (2) The Declarant, so long as Declarant shall continue to own any Lot, any portion of the Properties, shall be protected by all such policies. (3) That, notwithstanding any provision thereof which gives the carrier the right to elect to restore damage in lieu of making a cash settlement, such option shall not be exercised without prior approval of the Association. (4) Each Lot Owner is an insured person under the policy with respect to liability arising out of such Lot Owner's interest in the Planned Development or membership in the Association. (5) The insurer waives its rights to subrogation under the policy against any Lot Owner or member of his household. (6) No act or omission by any Lot Owner, unless acting within the scope of such Lot Owner's authority on behalf of the Association, will void the policy or be a condition to recovery under the policy. (7) If, at the time of a loss under the policy, there is other insurance in the name of a Lot Owner covering the same risk covered by the policy, the Association's policy provides primary insurance. 2561851 B-1619 P-903 08/05/1997 02:47P PG 23 OF 35 22 (b) Said policies shall not provide that: (1) Under the terms of the insurance companies charter, bylaws or rules, contributions or assessments may be made against the Association, any Lot Owner, a First Mortgagee or said mortgagee's designee or assignee; (2) Under the terms of the insurance companies charter, by laws or rules, any loss payments are contingent upon action by the insurance companies board of directors, shareholders, policy holders or members; (3) Any limiting clauses which could prevent first mortgagees or said mortgagee's designee or assignees from collecting proceeds paid. (c) All policies shall contain waivers of subrogation against the Declarant, the Association, the Executive Board, Members, Lot Owners, their guests and assignees. The named insured under the policies shall be the Association for the use and benefit of the individual Lot Owners. Any loss covered by the policies carried under this Article shall be adjusted exclusively by the Executive Board and the insurance proceeds for that loss shall be payable to the Association as attorney -in -fact for each Lot Owner and such Lot Owner's First Mortgagee. Said insurance policies shall contain the standard mortgagee clause or equivalent endorsement in which the First Mortgagee, its successors and assigns, are named additional insured, if applicable. 7.02 Physical Damage Insurance: The Executive Board shall obtain and maintain a blanket "all-risk" form policy of fire and hazard insurance with extended coverage for vandalism, malicious mischief, windstorm, sprinkler leakage (if applicable), debris removal, cost of demolition and water damage endorsements, insuring all of the insurable improvements located on the Common Areas, including fixtures, machinery, equipment, fences and supplies and any other personal property belonging to the Association. Such insurance shall provide coverage equal to the current replacement cost based on the most recent appraisal of the insurable improvements, exclusive of land, excavations and other items normally excluded. The Executive Board shall review at least annually, its insurance policies in order to insure that the coverages contained in the policies are sufficient. 2561851 B-1619 P-903 08/05/1997 02:47P PG 24 OF 35 23 Such policies shall also provide as follows: (a) A waiver of any right of the insurer to repair, rebuild or replace any damage or destruction, if a decision is made by the Lot Owners not to do so; (b) Said policies shall contain the following endorsements: (1) No control; Contingent liability from operation of building codes; Cost of demolition; Increased cost of construction; Inflation guard. (2) A duplicate original of the policy of hazard insurance, all renewals thereof, and any subpolicies or certificates and endorsements issued thereunder, together with proof of payment of premiums, shall be delivered by the insurer to the Association. (3) Any deductible on such insurance policy shall be determined in the discretion of the Executive Board as consistent with good business practice and which shall be consistent with the requirements of the First Mortgagee. My loss falling within the deductible portion of a policy may be paid by the Association. (4) The insurer shall provide such other endorsements as may be reasonably required 7.03 Rebuilding of Damaged Areas: In the event of repair and/or reconstruction, the proceeds of any insurance collected shall be available to the Association for the purpose of repair and/or reconstruction. If the insurance proceeds are insufficient to properly repair and/or reconstruct the damaged areas, such excess cost shall be assessed as an individual assessment against all Owners in accordance with this Declaration and not as a special assessment and such assessment shall be exempt from any special voting requirements of the Owners. Such individual assessment shall be assessed in the same proportion as the annual assessment is assessed. If any portion of the damaged areas is not repaired or replaced, the insurance proceeds shall be used to restore the damaged areas to a condition compatible with the adjacent area and the remainder of the proceeds shall be retained by the Association for the benefit of the Members. 7.04 Liability Insurance: The Executive Board shall obtain and maintain comprehensive commercial general liability insurance against claims and liabilities arising in connection with the ownership, existence, use or management of the Common Areas and Maintenance 2561851 B-1619 P-903 08/05/1997 02:47P PG 25 OF 35 Properties, and against any and all claims arising in connection with the conduct of its affairs, including libel, slander, false arrest, invasion of privacy and property damage, with such limits as the Association determines appropriate with respect to Property of the Association and insuring each Officer, Director, Member and each Owner including the Declarant in its capacity as a n Owner, against any liability to the public or to Owners and their invitees, agents and employees arising out of, or incident, ownership and use of such Property or Common Areas. Such insurance shall be issued on a comprehensive liability basis. Additional coverages may be acquired to include protection against such other risks including, but not limited to, Host Liquor Liability, Contractual and All -Written Contract Insurance, Worker's Compensation and Employer's Liability Insurance, Comprehensive Automobile Liability Insurance and such other coverages the Board deems necessary. The Executive Board shall review such coverages and the policy limits thereunder once each year, but in no event shall insurance coverage be less than one million dollars ($1,000,000.00) covering all claims for bodily injury or death and property damage arising out of one occurrence. Reasonable amounts of "umbrella" liability insurance in excess of the primary limits may also be obtained at the discretion of the Executive Board. 7.05 Other Insurance: (a) The Association shall, if any Lot Owner or employee of the Association controls or disburses funds, obtain and maintain, to the extent reasonably available, adequate fidelity insurance coverage, to protect against dishonest acts on the part of the Directors, Officers, Trustees, Employees or Volunteers of the Association and all others who handle or are responsible for handling funds. Such fidelity coverage shall name the Association as the named insured and be written in an amount sufficient to cover the maximum funds that will be in the custody of the Association at anytime while the insurance is in force. In addition, the fidelity insurance coverage must contain waivers of any defense based upon the exclusion of persons who serve without compensation. (b) If required by a governmental or quasi -governmental agency, the Association shall obtain flood insurance in accordance with said requirements. (c) The Association may obtain Worker's Compensation and Employer's Liability Insurance and other similar insurance with respect to employees of the Association in the amount and in the forms now or hereafter required by law. (d) The Association may obtain such other insurance of a similar or dissimilar nature as the Executive Board shall deem appropriate. 2561851 B-1619 P-903 08/05/1997 02:47P PG 26 OF 35 25 (e) If it is reasonably determined by a First Mortgagee that the existing coverages do not adequately protect the Properties, the Executive Board shall obtain such additional coverages. 7.06 Payment of Insurance Premiums: The cost of the insurance obtained by the Association in accordance with this Article shall be paid from Association funds and shall be collected from the Owners as part of the annual assessment as provided for in this Declaration. In the event there are not sufficient funds generated from the annual assessment to cover the cost of the insurance provided for above, then the deficiency shall be chargeable to each Owner by an individual assessment and not as a special assessment and such assessment shall be exempt from any voting requirements of the membership. 7.07: Coverage on Owner's Lots: An insurance policy issued to the Association does not obviate the need for an Owner to obtain insurance for that Owner's own benefit. Insurance coverage on any property owned by an Owner, and Owner's guests, invitees, employers, employees or assigns shall be the sole responsibility of the Lot Owner. The Declarant, the Association and the Executive Board shall have no responsibility therefor. ARTICLE VIII Rights of the First Mortgagees 8.01 Entitlement: A First Mortgagee, upon written request to the Association, shall be entitled to receive any of the following: (a) Budgets, notices of assessments, or any other notices provided for under this Declaration by the Association to an Owner in which a First Mortgagee has a security interest; (b) Financial statements of the Association which are distributed to its Members; (c) Notices of meetings of the membership and the right to be represented at any meeting by a designated representative; (d) Notice of any default in the performance of any obligations under this Declaration, the Articles of Incorporation and/or Bylaws of the Association by an Owner of a Lot in which a First Mortgagee has a security interest, which remains uncured for a period of thirty (30) days; (e) Notice of the decision of the Members to make any material amendment to this Declaration, the Bylaws, and/or the Articles of Incorporation of the Association; 2561851 B-1619 P-903 08/05/1997 02:47P PG 27 OF 35 26 (f) Notice of any lapse, cancellation or material modification of any hazard or liability insurance policy or fidelity bond maintained by the Association; (g) Notice of any condemnation action or any casualty loss which affects a material portion of the Properties or any Lot in which a First Mortgagee had a security interest; (h) Notice of any proposed action in which this Declaration requires notice and consent of First Mortgagee. 8.02 Payment of Charges: First Mortgagees, may pay overdue premiums o hazard insurance policies or secure new hazard insurance coverage because of a lapse of a policy and may also pay taxes and other charges which are in default or which may or have become a charge against the Common Areas. If such payment is made, reimbursement frorm the Association shall be due and owing immediately. 8.03 Restrictions: The consent of the Owners to which at least sixty-seven percent (67%) of the votes in the Association are allocated and the approval of those First Mortgagees holding mortgages on Lots which have at least sixty-seven percent (67%) of the votes of the Lots subject to first mortgages within the Properties shall be required to add or amend any material provisions of the Declaration, Bylaws, and/or Articles of Incorporation which establish, provide for, govern or regulate any of the following: (a) assessments, the manner of assessment liens or the subordination of such assessment liens; (b) Reserves for the maintenance, repair and replacement of the Common Areas or Common Areas; (c) Insurance or Fidelity Bond; (d) Right to use of the Common Areas; (e) Responsibility for maintenance and repair of the Common Areas; (f) Leasing of any right of first refusal or similar restriction on the right of an Owner to sell, transfer, or otherwise convey a Lot; (g) Imposition of any right of first refusal or similar restriction on the right of an Owner to sell. transfer, or otherwise convey a Lot' (h) Any provisions of this Declaration, the Articles of Incorporation or Bylaws which specifically grants rights to First Mortgagees thereunder. 2561851 B-1619 P-903 08/05/1997 02:47P PG 28 OF 35 2/ Nothing in this Section shall be deemed to deny or delegate control over the general administrative affairs of the Association by the Lot Owners or Executive Board or prevent the Executive Board from commencing, intervening in, or settling any solicitation or proceeding. 8.04 Special Provisions: If required by any agency, the following requirements apply. Unless seventy-five percent (75%) of the First Mortgagees (based upon one vote for each first mortgage owned) or Owners (other than the Declarant) give their prior written approval, the Association shall not be entitled to: (a) by act or omission seek to abandon, partition, subdivide, encumber, sell or transfer property owned directly or indirectly by the Association, except as specifically allowed in this Declaration; (b) fail to maintain hazard and extended coverage insurance on Common Areas on a current replacement cost basis in an amount not less than one hundred percent (100%) of the insurable value; (c) use hazard insurance proceeds received for losses to any part of the Common Areas for other than repair, replacement or reconstruction of such property; (d) change the method of determining the assessments which may be levied against an Owner; (e) by act or omission change, waive or abandon any scheme of regulation, or the enforcement thereof, pertaining to the architectural design or exterior appearance of the building Lots, the maintenance of the Common Areas. ARTICLE IX General Provisions 9.01 Enforcement: The covenants, conditions and restrictions herein contained, and amendments made hereunder, shall run with the land and be binding upon and inure to the benefit of the Association, the Declarant and property Owners, and may be enforced as provided hereinafter. Violation of these protective covenants shall give the Association, the Declarant, or either of them, the right to bring proceedings in law or equity against the party or parties violating or attempting to violate any terms of this Declaration, the Articles of Incorporation and Bylaws of the Association, to enjoin them from so doing, to cause any such violation to cease or to recover damages -resulting from such violation. In any legal or equitable proceeding to enforce the provisions hereof or to enjoin any 2561851 8-1619 P-903 08/05/1997 02:47P PG 29 OF 35 violation, the party or parties against whom judgment is entered shall pay the attorneys' fees of the party or parties for whom judgement is entered. Such remedies shall be cumulative and not exclusive. Notwithstanding the foregoing, it is understood that the breach of any of this Declaration shall not defeat or render invalid the lien of any mortgage made in good faith and for value, provided, however, the covenants, conditions and restrictions shall at all times remain in full force and effect against said premises or any part thereof notwithstanding any foreclosure of any mortgage. No assent, expressed or implied, to any breach of any one or more of the covenants, conditions and restrictions shall be deemed to be a waiver of any succeeding or other breach. 9.02 Damages: An Owner shall be liable and responsible for payment of any loss or damage to any portion or property caused by the act or negligence of the Owner or such Owner's customers which occurs within the Properties or any common areas. Any such loss or damages together with reasonable attorney's fees and costs of collection may be recovered from the Owner by means of a fine, an Individual assessment or any other legal means. 9.03 Duration: The covenants, restrictions and reservations set forth in this Declaration, unless properly amended shall run with and bind the entire described Properties, for a term of twenty (20) years from the date this Declaration is recorded, after which time they shall be automatically extended for successive periods of ten (10) years. 9.04 Amendments: Except for amendments by Declarant as allowed herein, this Declaration may be amended only by execution of a written document by the Owners of not less than sixty-seven percent (67%) of the Lots actually in existence at the time of such amendment. Said requirement shall be satisfied by the recording of a certificate signed by the Secretary of the Association certifying that the required percentage of Lot Owners have given notarized consent to the amendment. 9.05 Scope of This Declaration: The undersigned Declarant, as Owner of fee simple title to the Properties, expressly intends to subject the Properties to the provisions of this Declaration upon recording of this document. Each Owner shall own their Lot thereof, subject to the provisions of this Declaration. Any instrument recorded subsequent to this Declaration purporting to affect an interest in the Properties shall be subject to the terms of this Declaration despite failure to make reference thereto. 9.06 No Representation: Except as expressly set forth herein, Declarant makes no representations regarding use of any Lot or Lot. Declarant makes no representations as to the existence, preservation or permanence of any view from any Lot or Lot. 9.07 Books and Records: Any Lot Owner shall have the right to examine the books and records of the Association at any reasonable time upon reasonable notice. 2561851 B-1619 P-903 08/05/1997 02:47P PG 30 OF 35 29 9.08 Successors and Assigns: This Declaration shall be binding upon and shall inure to the benefit of the Declarant and each Lot Owner and to the heirs, representatives, personal representatives, successors and assigns of each of them. 9.09 Severability: If any portion of the Declaration becomes invalidated in any manner whatsoever, it shall not affect in any manner the validity, enforceability or effect of the remainder of this Declaration and, in such event, all other provisions of this Declaration shall continue in full force and effect. 9.10 Numbers and Genders: Whenever used herein, unless the context shall otherwise provide, the singular number shall include the plural, the plural the singular, and the use of any gender shall include all genders. 9.11 Designation of Common Areas: Certain areas of land which are designated as Common Areas are intended for the common use and benefit of the Planned Development in that such areas are either reserved for landscape, signage or general utility purposes. It is desirable for the Association to maintain and control the facilities located thereon. It is specifically intended by Declarant that no use of the Common Areas shall be made by any Owner which is inconsistent with the foregoing and such Common Areas is not being dedicated for use by the general public. 9.12 Registration of Mailing Address: Each Lot Owner and each holder of a security interest holder, insurer or guarantor of a security interest shall register his mailing address with the Association, and except for annual statements and other routine notices, all other notices or demands intended to be served upon a Lot Owner, or upon security interest holder, insurer or guarantor of a security interest, shall be sent by either registered or certified mail, postage prepaid, addressed in the name of such person or entity at such registered mailing address. However, if any Lot Owner fails to notify the Association of a registered address, then any notice or demand may be delivered or sent, as aforesaid, to such Lot Owner at the address of such Lot Owner's Lot. All notices, demands, or other notices intended to be served upon the Executive Board or the Association shall be sent by registered or certified mail, postage prepaid, to Zeek Partnership, LTD, 14504 I-25 Frontage Rd., Longmont, CO 80504 or until such address is changed by the Association. 9.13 Description of Lots: It shall not be necessary to use the term "Lot" as a part of the legally sufficient description of a Lot. 2561851 B-1619 P-903 08/05/1997 02:47P PG 31 OF 35 30 IN WITNESS WHEREOF, the Declarant have hereunto set their hands and seals on the dates set forth on the signature pages below, to be effective as of the last -such date. "DECLARANT' ZEEK PARTNERSHIP, LTD. A COLQRADO PARTNERSHIP BY: enneth A. Williamson ' Gen ral Partner BY Connie S. Williamson General Partner 2561851 B-1619 P-903 08/05/1997 02:47P PG 32 OF 35 31 STATE OF COLORADO COUNTY OF la )Lt d ) ) ) The foregoing instrument was acknowledged before me this U , q1 by Kenneth A. Williamson, General Partner Witness my hand and official seal My Commissi. L .fires: (p- a - a6O STATE OF COLORADO COUNTY OF DL.i d _1_0____day of crotaSuovc lie f ) ) ) Th foregoing instrument was acknowledged before me this 10 day of by Connie S. Williamson Witness my hand and official seal My Commission Expires: (1,--rs - (960 Notary Publi 2561851 B-1619 P-903 08/05/1997 02:47P PG 33 OF 35 32 EXHIBIT A Lots 1 through 14, Block 1, and Lots 1 through 12, Block 2 Amended Plat, Rademacher Business Park P.U.D. According to the plat recorded thereof. 2561851 B-1619 P-903 08/05/1997 02:47P PG 34 OF 35 33 EXHIBIT B COMMON AREAS As shown on the recorded plat for the real property described in Exhibit A,including but not limited to: Camelot Circle Kings Court Knights Way 8O Easement for the Baugh Lateral Ditch North and South of North Entrance, and North of South Entrance Areas (20' East & West and 25' North & South) each. 2561851 B-1619 P-903 08/05/1997 02:47P PG 35 OF 35 34 CITIZEN INQUIRY FORM WELD COUNTY DEPARTMENT OF PLANNING SERVICES/BUILDING INSPECTION 1400 N. 17th Avenue, Greeley, CO 80631 Phone: (970) 353-6100 Ext. 3540 Fax: (970) 352-6312 'TELEPHONE ❑ OFFICE FIRST INQUIRY? ❑ YES NO DATE: NAME: ADDRESS: z PHONE: gi.e4— z5g4 TYPE OF INQUIRY: MHZP _ SKETCH PLAN ZPMH PRELIMINARY PLAN RE _ FINAL PLAT AMENDED RE _ RESUBDIVISION SE FHDP AMENDED SE _ GHDP SITE PLAN REVIEW USR REZONING AMENDED USR PUD SKETCH PLAN USR MINING USR MAJOR FACILITY USR DISPOSAL SITE PUD DISTRICT PUD FINAL PLAT STAFF PERSON: ITEMS DISCUSSED: MINOR SUB SKETCH PLAN MINOR SUB FINAL PLAT ZONING ADDRESSING BUILDING PERMIT SETBACKS/OFFSETS HOME OCCUPATION VIOLATION OTHER � J4 A os2 - taS _i P .. 5 f 4„4 ( n, •. Time Spent: citizen.shl Staff Member's Initials: PL C>3?/ ' ` 06/01/98 13:31 FAX 970 352 2888 WELD PUBLIC WORK S_4t Zeal An 404 WF�YG COLORADO March 25, 1998 I. L. Walter J. L. Walter Consulting 114 E. Street Loveland, CO 80537 RE: I-25 Business. Zeek Partnership, Ltd. Dear I. L: PUBLIC WORKS DEPARTMENT PHONE (970) 356-4000, EXT. 3750 FAX; (970) 352-2868 933 NORTH I ITH AVENUE P.O. BOX 758 GREELEY, COLORADO 80632 The Weld County Public Works Department has reviewed your proposal to provide vertical curb and gutter and incorporate in full -depth asphalt The applicant should place the new typical road cross section on the final plat and this should reflect the attached document that was included with your letter dated March 18, 1998. All internal streets within the I-25 business park should reflect this typical cross section. Sincerely, 44 et-fiai Don Carroll Engineering Administrator cc: Todd Hodges Commissioner Webster S-422 Post -it' Fax Note7671 ' 'r0.. /— 70 ,pt ' Te l.f 1 From _ _ e.-� /4 cod0ept Co_ Phone ft Phone* Fay # Fax* 06/01/98 13:38 TX/RX N0.1218 P.001 ■ • 06/01/98 13:31 FAX 970 352 2888 WELD PUBLIC WORE 121002 March 18, 1998 d L Walter Consulting 114 E. 5ch Sueet Loveland, CO 80537 (970) 203-1134 FAX (970) 203-1147 RECEIVED MAR 2 0 1998 s34 -qty I Mr. Don Carroll Weld County Engineering Department P.O. Box 758 Greeley, CO 80632 RE: I-25 Business, Zeal' Partnership, Ltd. Dear Don, Per our recent discussion, the developer/owner of the I-25 Business Park located in the North East corner of the intersection of Weld County Road 32 and I-25, west of Weld County Road 9.5 has decided to install curb and gutter in the development You indicated you would first need a road section to evaluate. Please find enclosed a road section showing 2'6" Vertical Curb and Gutter, 6.5" full depth asphalt per the pavement thickness design completed by Landmark Engineering Ltd_, and the proposed street widths_ You will note that the additional two (2) foot of gutter pan was added to the originally approved fourteen (14) foot of road pavement. The developer has indicated that he would yet prefer that no on street parking be allowed_ Our intent is to modify the existing street plans by lowering the centerline profile appropriately to indicate the curb and gutter Bowline_ The Bowline will be at the same elevation on both sides of the ,tre..t and therefore only one line will be shown_ any variations in this, such as at curb returns, will be clarified by grades shown on the plan views with notes on the profile. Please review the enclosed and respond as to any further questions or information you may require_ We would like to proceed with this project as soon as possible to allow pavement to start as soon as the asphalt plants begin full operation. Sincerely, I.L. Walter c.c. Ken Williamson, Owner Enclosure 06/01/98 13:38 TX/RX N0.1218 P.002 06/01/08 13:31 FAX 070 352 2888 WELD PUBLIC WORK l O03 ce 1/3 7%4 N J Q y ti 1/3 nig INTERIOR ROAD z 0 I U W "Si W: CC � J (A -J C U CL >- F - CZ CC frJ C/7 C/�D r:/�: V W CI! LAJ -77 W CT\l--i z :7D Clf m w c C1J :ED U HL LJ I r c UQ -- W Q C� CI! Cl_ U 06/01/98 13:38 TX/RX NO.1218 P.003 ■ 06/01/98 13:38 TX/RX NO.1218 P.003 ■ FROM : DESIGN DEVELOPMENT PHONE NO. : 970 282 7123 Mar. 19 1998 04:29PM P1 Design Development Consultants DEVELOPMENT/CONSULTING SERVICES FOR THE COLORADO COMMUNITY FAX DATE: March 19, 1998 TO: Todd Hodges FROM: Donald D. Leffler re: Sign approval for Rademacher Business Park fax: (970) 352-6312 No. of Pages: 7` Comments: Todd, enclosed you will find the proposed site sign for the entry -way for the business park. If you have any questions please call us at your convenience - Thanks DDL 2827 Redwing Road Saute 350 Fort Collins, Colorado 80528 (970) 286-0586 fm: (870) 282-7123 03/19/98 16:34 TX/RX NO.0428 P.001 • FROM : DESIGN DEVELOPMENT PHONE NO. : 970 282 7123 Mar. 19 1998 04:30PM P2 Design Development Consultants DEVELOPMENTICONSULTINO SERVICES FOR THE COLORADO COMMUNITY 2627 Redwing Road SUMS 350 Fat Collins. Colorado 80526 (970) 266-0585 lax (970) 282-7123 03/19/98 16:34 TX/RX NO.0428 P.002 • FROM : DESIGN DEVELOPMENT PHONE NO. : 970 282 7123 Mar. 19 1998 04:30PM P3 Design Development Consultants DEVELOPMENT/CONSULTING SERVICES FOR THE COLORADO COMMUNITY 112 2027 Redwing Road Guile 380 Fat Galion, Colotadv 00528 (970)266450S ler (970) 262-7123 03/19/98 16:34 TX/RX NO.0428 P.003 • FROM : DESIGN DEVELOPMENT PHONE NO. : 970 282 7123 Mar. 19 1998 04:31PM P4 Design Development Consultants DEVELOPMENTICONSULTINO SERVICES FOR THE COLORADO COMMUNITY 2627 Redwing Road Suite 350 Fat Collins, Gatorade 80528 (970) 288-0585 tax: (970) 282-7123 03/19/98 16:34 TX/RX NO.0428 P.004 ■ FROM : DESIGN DEVELOPMENT PHONE NO. : 970 282 7123 Mar. 19 1998 04:31PM PS Design Development Consultants DEVELOPMENT/CONSULTING SERVICES FOR THE COLORADO COMMUNITY 2627 Redwing Road Suite 350 Fat Collins, Colorado 50528 (970) 266-0585 fax: (070) 262-7123 03/19/98 16:34 TX/RX NO.0428 P.005 ■ FROM : DESIGN DEVELOPMENT PHONE NO. : 970 292 7123 Mar. 19 1998 04:31PM P6 f LCD or) a) I. ft 03/19/98 16:34 TX/RX NO.0428 P.006 ■ FROM : DESIGN DEVELOPMENT PHONE NO. : 970 282 7123 Mar. 19 1998 04:32PM P7 Design Development Consultants DEVELOPMENTICON5ULTINO SERVICES FOR THE COLORADO COMMUNITY 1. Use two (2) coats Of hot tar for weather seal on back side of wall to within 4CONSTRUCTION NOTES: of finish grade. 2. All joints shall be rake joint finish. 3. All backfill shall be achieved by mechanical means to a compaction of and shall be done in lifts of 6 to approval increments.toinstallation. 4. Brick shall meet with owners apps prior 2627 Redwing Road Suite 350 Fort Cans, Colorado 80526 not less than 90% (970) 266-0585 fax' (970)282-7129 03/19/98 16:34 TX/RX NO.0428 P.007 ■ FROM : DESIGN DEVELOPMENT PHONE NO. : 970 282 7123 Mar. 13 1990 10:04RM P1 Design Development Consultants DEVELOPMENT/CONSULTING CERVICES FOR THE COLORADO COMMUNITY FAX DATE: March 13, 1998 TO: Todd Hodges FROM: Donald D. Leffler re: Entry Sign for I-25 Business Park fax: (970) 352-6312 No. of Pages: 6` Comments: Todd; The proposed ground signs shall be placed at each entry to the site. Additionally, we intend to place one on each side of the entry to enhance the landscaping. Please let me know if this is acceptable. Thanks DDL tc4Ccylotv P\?,-.1ing Dept. MAR 13 1998 Gov 2627 Redwing Road Suite 360 4A• Fort Collins, Colorado 80526 (970) 266-0585 (ax: (970) 282-7123 03/13/98 10:09 TX/RX NO.0347 P.001 FROM : DESIGN DEVELOPMENT PHONE NO. : 970 292 7123 Mar. 13 1998 10:05RM P2 Design Development Consultants DEVELOPMENT/CONSULTING SERVICES FOR THE COLORADO COMMUNITY O O 2627 Rodwing Road Suite 350 O 0 Fait Copna, Colorado 80526 (970) 266.0585 lax: (970) 282-7123 03/13/98 10:09 TX/RX NO.0347 P.002 ■ FROM : DESIGN DEVELOPMENT PHONE NO. : 970 282 7123 Mar. 13 1998 10:05AM P3 Design Development Consultants DEVELOPMENT/CONSULTING SERVICES FOR THE COLORADO COMMUNITY 2627 Redwhp Road 84410 350 Fat Copins, Colorado 00528 (970)26G-0585 fax: (970) 282-7123 03/13/98 10:09 TX/RX NO.0347 P.003 • FROM : DESIGN DEVELOPMENT PHONE NO. : 970 202 7123 Mar. 13 1998 10:06RM P4 03/13/98 10:09 TX/RX NO.0347 P.004 • FROM : DESIGN DEVELOPMENT PHONE NO. : 970 262 7123 Mar. 13 1999 10:06AM P5 Design Development .Consultants DEVELOPMENT/CONSULTING SERVICES FOR THE COLORADO COMMUNITY f 2827 Redwing Rood Suls 950 rod Collins, Colorado 60526 (970) 286-0585 lac (070)282-7123 03/13/98 10:09 TX/RX NO.0347 P.005 • FROM : DESIGN DEVELOPMENT PHONE NO. : 970 282 7123 Mar. 13 1998 10:07RM PG • Design Development Consultants DEVELOPMENTICON8ULTINa SERVICES FOR THE COLORADO COMMUNITY 2627 RedwI g Road Suite 350 Fat Coins, Colorado 80526 (970) 266.0585 fax: (970) 262-7123 03/13/98 10:09 TX/RX NO.0347 P.006 • Hello