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HomeMy WebLinkAbout991650.tiff RESOLUTION RE: APPROVE CONSOLIDATED SERVICE PLAN OF BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 1 AND BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 2 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,the Board of County Commissioners of the County of Weld, State of Colorado, has jurisdiction over the approval of service plans, or material modifications thereof, of special districts organized within the County, pursuant to Sections 32-1202(1)and 32-1-203(1),C.R.S.; and WHEREAS, pursuant to the provisions of Part 2 of Article 1, Title 32, C.R.S.,the Petitioners filed a Consolidated Service Plan for material modifications of the Service Plan of the Beebe Draw Farms Metropolitan District No. 1 and the organization of the Beebe Draw Farms Metropolitan District No. 2 ("Districts") in Weld County, Colorado, on May 28, 1999; and WHEREAS,pursuant to the provisions of Subsections 32-1-202(1)and 32-1-204(1), C.R.S., the Board of County Commissioners of Weld County, Colorado, scheduled a public hearing on the Consolidated Service Plan which was held at 10:00 a.m. on July 21, 1999; and WHEREAS, notice of the date, time and location and purpose of such hearing was duly published in the Fort Lupton Press, a newspaper of general circulation, on June 30, July 7, and July 14, 1999; notice was provided to the Division of Local Government in the Department of Local Affairs of the names and type of Districts; notice of such hearing was also provided to the Petitioners, to the governing body of each municipality and of each special district which levied an ad valorem tax within the preceding tax year and which had boundaries within a radius of three (3) miles of the Districts, and to the Division of Local Government as required by Sections 32-1-202(1) and 32-1-204(1), C.R.S.; and letter notification of such hearing was mailed to the property owners within the boundaries of the Districts, pursuant to Section 32-1-204(1.5), C.R.S.; and WHEREAS, the Weld County Planning Commission studied and considered the Consolidated Service Plan at its meeting of June 15, 1999, at which time the Planning Commission recommended approval of the Consolidated Service Plan and subsequently presented its recommendation to the Board of County Commissioners, pursuant to Section 32-1-204(2), C.R.S.; and WHEREAS,the Board of County Commissioners, on July 21, 1999, conducted said public hearing on this matter, taking evidence establishing the authority of the Board to hear this matter, and further taking evidence regarding all jurisdictional requirements set forth in Part 2 of Article 1, Title 32, C.R.S., at which hearing all interested parties were afforded an opportunity to be heard; and WHEREAS, the Board of County Commissioners has fully considered the Consolidated Service Plan and all testimony and other evidence presented thereto, including the favorable recommendation of the Weld County Planning Commission. 991650 SD0001 RE: CONSOLIDATED SERVICE PLAN OF BEEBE DRAW FARMS METROPOLITAN DISTRICTS NO. 1 AND BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 2 PAGE 2 WHEREAS, after review, the Board deems it advisable to approve said Consolidated Service Plan, a copy of which is attached hereto and incorporated herein by reference. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, that: Section 1. The Board of County Commissioners hereby determines that all of the jurisdictional and other requirements of Part 2 of Article 1, Title 32, C.R.S., have been fulfilled, including those relating to the filing and form of the Consolidated Service Plan,the form, publication and mailing of the notice of the public hearing on the Consolidated Service Plan, and the type of public hearing held in these proceedings. Section 2. Based upon the information contained within the Consolidated Service Plan and evidence presented to the Board at said hearing, the Board hereby Finds and determines as follows: A. There is sufficient existing and projected need for organized services of the nature proposed in the Consolidated Service Plan in the area to be serviced by the Districts; B. The existing services in the area to be served by the Districts are inadequate for present and projected needs; C. The Districts are capable of providing economical and sufficient services to the area within their proposed boundaries; D . The area to be included within the Districts will have the financial ability to discharge proposed indebtedness on a reasonable basis; E. Adequate services are not and will not be available to the area through Weld County or another governmental organization, including special districts, within a reasonable time and on a comparable basis; F. The facilities and service standards of the Districts are or will be compatible with the facilities and service standards of Weld County and other governmental organizations having relations with the Districts; G. The Consolidated Service Plan is in substantial compliance with the Weld County Comprehensive Plan; H. The Consolidated Service Plan is in compliance with the long-range water quality management plan for the area; I. The restructuring of the Districts will be in the best interests of the area to be served and will result in the most economical and reliable means of implementing the Consolidated Service Plan. 991650 SD0001 RE: CONSOLIDATED SERVICE PLAN OF BEEBE DRAW FARMS METROPOLITAN DISTRICTS NO. 1 AND BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 2 PAGE 3 Section 3. The Consolidated Service Plan of the Districts shall be, and hereby is, approved conditioned upon the addition to part VIII of the Consolidated Service Plan of a new subsection 3. to read as follows: "The inclusion of 80 acres or more into District 1 shall require notice be provided in accordance with the procedures found in Section 32-1-207(3)(b), C.R.S." Section 4. The Clerk to the Board is hereby directed to advise the Petitioners in writing of this action and to attach a certified copy of this Resolution for the purpose of filing the same with the District Court of Weld County. Section 5. All Resolutions, or parts thereof, in conflict with the provisions hereof, are hereby repealed to the extent of such conflict only. Section 6. This Resolution, immediately upon its passage, shall be authenticated by the signatures of the Board of County Commissioners and the Clerk to the Board and sealed with the corporate seal of the County. Section 7. This Resolution is necessary for the public health, safety and welfare of the citizenry of the County of Weld, State of Colorado. The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 21st day of July, A.D., 1999. BOARD OF COUNTY COMMISSIONERS \ 9J 4 // L�D COUNpTYY,,�yCOL � RADO ATT S tit; ,& ��I'.dce S �/( Dale K. Hall, Chair W C Wrk t oard n 1a4.2. La %. A rb ra� J. Kirkm,yer, Pr -Tem t BY: �,� / ,,/ r�� Deputy o the Board _C,, • George E xter i7 APP)R6Vr AS TO FORM: eie • unty Attorney . tai G enn Vaad --+ 991650 SD0001 NOTICE OF HEARING TO CONSIDER A CONSOLIDATED SERVICE PLAN FOR THE BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 1 AND BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 2, WELD COUNTY, COLORADO DOCKET #99-44 PUBLIC NOTICE IS HEREBY GIVEN that there were filed with the Clerk to the Board of Weld County, Colorado, a Consolidated Service Plan and related documents for the Beebe Draw Farms Metropolitan District No. 1 and Beebe Draw Farms Metropolitan District No. 2. The Consolidated Service Plan and related documents are now on file in the office of the Clerk to the Board and are available for public inspection during normal business hours. NOTICE IS FURTHER GIVEN that by Order of the Board of County Commissioners of Weld County, Colorado, a public hearing on such Consolidated Service Plan and related documents will be held in the First Floor Assembly Room, 915 10th Street, Greeley, Colorado, at 10:00 a.m. on the 21st day of July, 1999. The purpose of the public hearing shall be to consider the adequacy of the Consolidated Service Plan with respect to proposed material modifications of the Service Plan of the Beebe Draw Farms Metropolitan District No. 1 and the organization of the Beebe Draw Farms Metropolitan District No. 2 and to form a basis for adopting a Resolution approving, conditionally approving, or disapproving the Consolidated Service Plan. Beebe Draw Farms Metropolitan District No. 1 and Beebe Draw Farms Metropolitan District No. 2 are located entirely within Weld County, Colorado, and are described in Exhibit A attached hereto and incorporated herein by this reference. In accordance with the procedures set forth in Section 32-1-203(3.5), C.R.S., the owner of any real property within the boundaries of Beebe Draw Farms Metropolitan District No. 1 and Beebe Draw Farms Metropolitan District No. 2 may submit to the Board of County Commissioners of Weld County, Colorado, no later than ten days prior to the date of hearing, a request that such property be excluded from the proposed Districts. THIS NOTICE GIVEN BY ORDER of the Board of County Commissioners of Weld County, Colorado, this 28th day of June, 1999. BOARD OF COUNTY COMMISSIONERS WELD COUNTY, COLORADO DATED: June 25, 1999 PUBLISHED: June 30, July 7, and July 14, 1999, in the Fort Lupton Press 991650 EXHIBIT A [FIGURE 3] Legal Description of District No. 1 Legal Description of a parcel of land being located in Sections 3, 4, 5, 8, 9, 10, 15, 16 and 17, Township 3 North, Range 65 West of the 6th Principal Meridian, Weld County, Colorado being more particularly described as follows: Beginning at the Southeast Corner of said Section 16 and considering the South line of said Section 16 as bearing South 89°27'00"West and with all bearings contained herein relative thereto; thence along said South line South 89°27'00"West 5138.65 feet to the Southeast Corner of said Section 17; thence along the South line of said Section 17 South 89°32'56" West 5327.95 feet to the Southwest Corner of said Section 17; thence along the West line of said Section 17 North 00°29'53" West 5259.39 feet to the Northwest Corner of said Section 17; thence along the West line of said Section 8 North 00°09'44" West 5291.77 feet to the Northwest Corner of said Section 8; thence along the West line of the Southwest Quarter of said Section 5 North 00°2529"West 2654.03 feet to the West Quarter Corner of said Section 5; thence along the West line of the Northwest Quarter of said Section 5 North 00°24'36" West 1327.22 feet to the Southwest Corner of the North half of the Northwest Quarter of said Section 51 thence along the South line of the North half of the Northwest Quarter of said Section 5 North 89°44'12" East 2631.31 feet to the Southeast Corner of the North half of the Northwest Quarter of said Section 5; thence along the South line of the Northwest Quarter of the Northeast Quarter of said Section 5 North 89°44'12" East 1331.58 feet to the Southeast Corner of the Northwest Quarter of the Northeast Quarter of said Section 5; thence along the East line of the Northwest Quarter of the Northeast Quarter of said Section 5 North 00°39'07" West 1325.38 feet to the Northeast Corner of the Northwest Quarter of the Northeast Quarter of said Section 5; thence along the North line of the Northeast Quarter of said Section 5 North 89°39'32" East 1333.17 feet to the Northeast Corner of said Section 5; thence along the North line of the Northwest Quarter of said Section 4 North 89°45'34" East 2638.09 feet to the North Quarter Corner of said Section 4; thence along the North line of the Northeast Quarter of said Section 4 North 89°24'21" East 805.01 feet; thence departing said North line South 40°04'03" East 9.61 feet to the centerline of the Platte Valley Canal as recorded in Book 1068 under Reception No. 02008616, records of said County;thence along said centerline the following 25 courses and distances; South 10°09'07"West 45.49 feet;thence South 27"01'47"West 281.98 feet; thence South 35°02'43" West 129.95 feet; thence South 46"24'26" West 113.95 feet; thence South 67°56'02"West 114.41 feet to the beginning of a tangent curve concave to the Southeast having a central angle of 43°14'52" and a radius of 210.00 feet, thence Southwesterly along the arc of said curve 158.51 feet to the end of said curve; thence tangent from said end of curve South 24°41'10" West 39.72 feet to the beginning of a tangent curve concave to the East having a central angle of 68°10'08" and a radius of 217.23 feet, thence Southeasterly along the arc of said curve 258.45 feet to the end of said curve; thence tangent from said end of curve South 43°28'58" East 159.97 feet to the beginning of a tangent curve concave to the Southwest having a central angle of 48°38'11" and a radius of 81.88 feet; thence Southerly along the arc of said curve 69.51 feet to the end of said curve; thence tangent from said end of curve South 05°09'12"West 19.20 feet to the beginning of a tangent curve concave to the Northwest having a central angle of 25°54'10" and a radius of 260.90 feet; thence Southwesterly along the arc of said curve117.95 feet to the end of said curve; thence tangent from said end of curve South 31°03'22" West 130.58 feet; thence South 09°40'40" West 95.26 feet; thence South 991650 03°11,43" East 116.07 feet to the beginning of a tangent curve concave to the Northeast having a central angle of 36°30'36"and a radius of 180.24 feet;thence Southeasterly along the arc of said curve 114.85 feet to the end of said curve, thence tangent from said end of curve South 39°42'19" East 116.57 feet to the beginning of a tangent curve concave to the Northeast having a central angle of 45"22'3" and a radius of 4.82 feet; thence Southeasterly along the arc of said curve 90.93 feet to the end of said curve, thence tangent from said end of curve South 85°04'50" East 170.71 feet to the beginning of a tangent curve concave to the Southwest having a central angle of 68°29'30" and a radius of 126.33 feet; thence Southeasterly along the arc of said curve 151.02 feet to the end of said curve; thence tangent from said end of curve South 16°35'20" East 120.95 feet to the beginning of a tangent curve concave to the West having a central angle of 25°35'07" and a radius of 440.41 feet; thence Southerly along the arc of said curve 196.66 feet to the end of said curve; thence tangent from said end of curve South 08°59'48"West 101.24 feet to the beginning of a tangent curve concave to the Northeast having a central angle of 59°32'10" and a radius of 242.34 feet; thence Southeasterly along the arc of said curve 251.82 feet to the end of said curve, thence tangent from said end of curve South 50°32'22" East 97.62 feet; thence departing said centerline North 89°31'39" East 2111.73 feet; thence North 17°52'53" West 380.92 feet; thence North 89°31'39" East 337.87 feet; thence North 00°28'21" West 150.00 feet; thence North 89°31'39" East 1867.95 feet; thence South 00°14'30"West 680.87 feet;thence South 88°49'23" East 78.63 feet;thence South 12°49'39" East 29.72 feet; thence South 77°10'18" West 30.00 feet; thence South 12°49'43"East 30.00 feet;thence North 77°10'18"East 30.00 feet;thence South 12°49'56" East 14.14 feet; thence South 19°27'45" East 607.82 feet; thence South 43°51,20" East 959.22 feet thence South 11°54'57" East 159.45 feet; thence South 60"05'14" East 1098.46 feet; thence South 22°08'46" East 2187.26 feet; thence South 17"45'43" West 814.40 feet to a point on the Northerly line of that certain parcel of land described in deed as Parcel A, recorded in Book 1068 under Reception No. 02008614, records of said County; thence along said Northerly line the following 5 courses and distances; South 38°04'26" West 66.71 feet; thence South 70°24'28" West 210.50 feet; thence North 65°42'40" West 1366.02 feet; thence North 44°50'58" West 1116.45 feet; thence South 71 °22'10" West 137.84 feet; thence departing said Northerly line South 71 `22'10" West 539.96 feet,thence South 43°28'15"East 318.43 feet;thence South 16°14'00"East 175.00 feet; thence South 00°40'00" East 380.00 feet; thence South 27°02'02" West 73.00 feet; thence North 65016'00" West 155.00 feet; thence North 56009'00" West 462.00 feet; thence North 68059'00" West 256.00 feet; thence South 31013'00" West 248-00 feet; thence South 80'26'00" West 196.00 feet; thence North 65007'00" West 214.52 feet to a point on the Easterly line of that certain parcel of land described in deed as Exhibit A recorded in Book 1068 under Reception No. 02008614, records of said County; thence along said Easterly line the following 13 courses and distances; North 29011'51 " West 43.34 feet; thence North 363504"West 285.27 feet; thence North 69049'46"West 52.20 feet; thence North 34'41'43" West 94.87 feet; thence North 40048'08" East 154.56 feet; thence North 72048'51" East 101.53 feet; thence North 31054'29" East 62.43 feet; thence North 17'31'32" East 59.77 feet; thence North 20'04'7" West 110.72 feet; thence North 07006'02" West 291-23 feet; thence North 11150'01" West 107.28 feet; thence North 33054'04" West 150.60 feet; thence North 07'02'17" West 163.23 feet-lo a point on the Easterly line of that certain parcel of land described in deed as Exhibit B recorded in Book 1068 under Reception No. 02008614, records of said County; thence along said Easterly line North 36047'35" East 143.90 feet; thence departing said Easterly line North 57'06'34" West 166.61 feet, thence North 75'57'04"West 582.06 feet; thence North 88050'24"West 134.11 feet to a point on said Easterly line; thence departing said Easterly line North 27127'03" West 226.36 feet, thence North 3902625" West 223.17 feet to a point on said Easterly line; thence departing said Easterly line North 09054'20"West 362.45 feet; thence 991650 North 17002'45" West 167.22 feet to a point on said Easterly line; thence departing said Easterly line North 28'46'38" West 241.99 feet, thence North 42033'43" West 106.54 feet to a point on said Easterly line; thence along said Easterly and Northerly lines of said Exhibit B the following 8 courses and distances; North 61052'04"West 76.22 feet; thence North 89017'02" East 139.17 feet; thence North 03045'51"West 390.32 feet; thence North 70152'01" West 116.11 feet; thence North 72017'16" West 122.30 feet; thence North 55039'25" West 181.68 feet; thence North 31'18'35" West 1063.87 feet, thence South 58'31'52" West 57.39 feet; thence departing said Northerly line South 31028'08" East 522.19 feet; thence South 10'25'09" East 99.33 feet; thence South 33'45'06" East 157.31 feet; thence South 51032'58"West 95.52 feet to a point on the Westerly line of that certain parcel of land described in deed as Exhibit A recorded in Book 1068 under Reception No. 02008614 records of said County; thence along said Westerly line the following 3 courses and distances; South 00"23'32" East 177.92 feet; thence South 10018'17" East 78.26 feet; thence South 30046,13" East 152.46 feet; thence departing said Westerly line South 47'56'08" East 265.05 feet; thence South 37'58'18" West 164.42 feet; thence South 06'08'48"West 239.20 feet to a point on said Westerly line; thence departing said Westerly line South 33'32'10" East 129.62 feet; thence South 74'20'47" East 218.49 feet to a point on said Westerly line; thence departing said Westerly line South 21'05'52"East 136.12 feet to a point on said Westerly line; thence departing said Westerly line South 05'34'43" East 216.02 feet to a point on said Westerly line; thence along said Westerly line South 40038'56" East 130.48 feet; thence departing said Westerly line South 06037,15" West 112.76 feet to a point on said Westerly line; thence along said Westerly line the following 3 courses and distances; South 13'34'14" East 59.67 feet; thence South 35026'24" East 136.24 feet; thence South 49159'37" East 73.11 feet; thence departing said Westerly line South 72103'02" East 149.26 to a point on said Westerly line; thence departing said Westerly line South 28'24'46" East 133.76 feet; thence South 40'21'52" East 122.55 feet; thence South 31008'20" East 168.24 feet to a point on said Westerly line;thence along said Westerly line the following 2 courses and distances; South 35026'45"N East 144.84 feet; thence South 52'48'55" East 145.60 feet: thence departing said Westerly line South 5303520"East 274.60 feet to a point on said Westerly line; thence departing said Westerly line South 01'31'33"West 75.03 feet to a point on said Westerly line; thence departing said Westerly line South 30003'16"West 263.26 feet;thence South 06'03'15"East 282.44 feet; thence South 25015'47" East 337.55 feet to a point on said Westerly line, thence departing said Westerly line South 23051'09" East 264.59 feet; thence South 29030'41" East 174.35 feet to a point on the Easterly line of that certain parcel of land described in deed, recorded in Book 1068 under Reception No. 02008615, records of said County; thence along said Easterly line the following 6 courses and distances; South 37"11'26"East 96.99 feet;thence South 52103'11" East 69.68 feet; thence South 55'31'12" East 148.65 feet; thence South 16'11'37" East 138.93 feet; thence South 42'52'31" East 177.69 feet; thence South 25'09'42" East 155.19 feet; thence departing said Easterly line South 24047'31" East 180.62 feet;thence South 36043'59"East 146.03 feet;thence South 25'08'23"West 111.15 feet, thence South 02001'55" East 227.19 feet; thence South 20'03'39" East 193.90 feet; thence South 12'33'0"1 East 346.85 feet; thence South 10022'6" West 264.13 feet, thence South 05007'42"West 157.19 feet; thence South 32'32'33 West 220.12 feet; thence South 19'19'41" West 268.66 feet; thence South 38004'00" West 284.92 feet; thence South 79'43'0" West 714.61 feet; thence South 24052'12" West 224.67 feet; thence South 07013'57" East 37.52 feet to a point on the Northerly line of said Section 15; thence along said Northerly line North 89028'21" East 75.13 feet; thence departing said Northerly line • South 00'41'51" East 5263.69 feet to a point on the Southerly line of said Section 15; thence along said Southerly line South 89048'56"West 358.01 feet to the Southeast Corner of said Section 16; said point also being the TRUE POINT OF BEGINNING; Including that portion thereof platted as Beebe Draw Farms and Equestrian Center" First Filing under 991650 Revised Plat and Dedication recorded April 12, 1988 in Book 1192 as Reception No. 2137453. The above described parcel contains 4120.472 acres more or less and is subject to the following easements, agreements and rights-of-way. Deed recorded in Book 512, Page 551, (location of right-of-way cannot accurately be defined per legal description), Deed recorded in Book 655, Page 293, Deed recorded in Book 655, Page 502, Agreement recorded in Book 961, Page 223, Right-of-Way and Easement recorded in Book 1045 under Reception No. 01983413, (location of right-of-way and easement cannot accurately be defined per legal description), Quit Claim Deed recorded in Book 1068 under Reception No, 02008614 (shown hereon), Quit Claim Deed recorded in Book 1068 under Reception No. 02008615 (shown hereon), Quit Claim Deed recorded in Book 1068 under Reception No. 02008616 (shown hereon), Canal Right-of- Way Agreement recorded in Book 1068 under Reception No. 02008617, Quit Claim Deed recorded in I3ook 1068 under Reception No. 02008618, Quit Claim Deed recorded in Book 1068 under Reception No. 02008619 (shown hereon), Quit Claim Deed recorded in Book 1068 under Reception No. 02008620 (shown hereon), Agreement recorded in Book 1068 under Reception No. 02008621, Right-of-Way recorded in Book 1068 under Reception No. 02008622 (shown hereon), Grazing and Recreational Lease recorded in Book 1068 under Reception No.02008623,Amendment to Grazing and Recreational Lease recorded in Book 1068 under Reception No. 02008624, Quit Claim Deed re6drded in Book 1068 under Reception No.02008625(20 foot access easement subject to grazing lease), Right-of-Way easement and Licenses recorded in Book 1068 under Reception No. 02008626, Quit Claim Deed recorded in Book 1068 under Reception No. 02008627 (reconfirms rights previously granted in Book 1045 under Reception No. 10983413), Quit Claim Deed recorded in Book 1068 under Reception No. 02008628 (20 foot permanent access easement), Quit Claim Deed recorded in Book 1076 under Reception No. 02017072 (affects parcels recorded in Book 1068 under Reception No. 02008628, Reception No. 02008620, Reception No. 02008616 and Reception No. 02008627), Quit Claim Deed recorded in Book 1111 under Reception No. 02052204, Quit Claim Deed recorded in Book 1112 under Reception No. 02053446, (Amends Legal in Quit Claim Deed recorded in Book 1068 under Reception No. 02008619), Agreement recorded in Book 1117 under Reception No. 02058723, Grazing and Recreational Lease recorded in Book 1148 under Reception No. 02090926, Order Approving Settlement Agreement recorded in Book 1201 under Reception No. 02147157, Supplemental Declaration recorded in Book 1224 under Reception No. 02170703, (Relocates easement granted in Book 1068 under Reception No 02008628), Amendment to Grant of [Easement Recorded in Book 1268 under Reception No. 02218734, (restates and amends right-of-way and easement recorded in Book 1045 under Reception No. 01983413 and Book 1068 under Reception No. 02008627), Oil and Gas Lease recorded in Book 1327 under Reception No. 02280130 and ail other easements, agreements and rights-of-way of record. EXHIBIT A [FIGURE 4 - LEGAL DESCRIPTION OF DISTRICT No. 2] District 2 -Legal Description Legal Description of a parcel of land being located in Sections 3, 4, 5, 8, 9, 10, 15, 16 and 17, Township 3 North, Range 65 West of the 6th Principal Meridian, Weld County, Colorado being more particularly described as follows: 991650 Beginning a: the Southeast Corner of said Section 16 and considering the South line of said Section 16 as bearing South 89'27'00" West and with all bearings contained herein relative thereto; thence along said South line South 89'27'00" West 5138.65 feet to the Southeast Corner of said Section 17; thence along the South line of said Section 17 South 89'32'56" West 5327.95 feet to the Southwest Corner of said Section 17; thence along the West line of said Section 17 North 00'29'53" West 5259.39 feet to the Northwest Corner of said Section 17; thence along the West line of said Section 8 North 00'09'44" West 5291.77 feet to the Northwest Corner of said Section 8; thence along the West line of the Southwest Quarter of said Section 5 North 00'25'29" West 2654.03 feet to the West Quarter Corner of said Section 5. thence along the West line of the Northwest Quarter of said Section 5 North 00'24'36" West 1327.22 feet to the Southwest Corner of the North half of the Northwest Quarter of said Section 5; thence along the South line of the North half of the Northwest Quarter of said Section 5 North 89044'12" East 2631.31 feet to the Southeast Corner of the North half of the Northwest Quarter of said Section 5, thence along the South line of the Northwest Quarter of the Northeast Quarter of said Section 5 North 89044'12" East 1331.58 feet to the Southeast Corner of the Northwest Quarter of the Northeast Quarter of said Section 5; thence along the East line of the Northwest Quarter of the Northeast Quarter of said Section 5 North 00'39'07" West 1325.38 feet to the Northeast Corner of the Northwest Quarter of the Northeast Quarter of said Section 5; thence along the North line of the Northeast Quarter of said Section 5 North 89139'32" East 1333.17 feet to the Northeast Corner of said Section 5; thence along the North line of the Northwest Quarter of said Section 4 North 89'45'34" East 2638.09 feet to the North Quarter Corner of said Section 4; thence along the North line of the Northeast Quarter of said Section 4 North 89'24'21" East 805.01 feet; thence departing said North line South 40004'03" East 9.61 feet to the centerline of the Platte Valley Canal as recorded in Book 1068 under Reception No. 02008616, records of said County; thence along said centerline the following 25 courses and distances; South 10009'07" West 45.49 feet; thence South 27'01'47" West 281.98 feet; thence South 35'02'43" West 129.95 feet; thence South 46'24'26" West 113,95 feet, thence South 67'56'02" West 114.41 feet to the beginning of a tangent curve concave to the Southeast having a central angle of 43014'52" and a radius of 210.00 feet; thence Southwesterly along the arc of said curve 158.51 feet to the end of said curve; thence tangent from said end of curve South 24141'10" West 39.72 feet to the beginning of a tangent curve concave to the East having a central angle of 68010'08" and a radius of 217.23 feet; thence Southeasterly along the arc of said curve 258.45 feet to the end of said curve; thence tangent from said end of curve South 43128'58" East 159.97 feet to the beginning of a tangent curve concave to the Southwest having a central angle of 48038'11 " and a radius of 81.88 feet; thence Southerly along the arc of said curve 69.51 feet to the end of said curve; thence tangent from said end of curve South 05009'12" West 19.20 feet to the beginning of a tangent curve concave to the Northwest having a central angle of 25'54'10" and a radius of 260.90 feet; thence Southwesterly along the arc of said curve 117.95 feet to the end of said curve; thence tangent from said end of curve South 31003'22" West 130.58 feet; thence South 09040'40" West 95.26 feet; thence South 03011,43" East 116.07 feet to the beginning of a tangent curve concave to the Northeast having a central angle of 36'30'36" and a radius of 180.24 feet; thence Southeasterly along the arc of said curve 114.85 feet to the end of said curve; thence tangent from said end of curve South 39'42'19" East 116.57 feet to the beginning of a tangent curve concave to the Northeast having a cefTtral angle of 45022'3" and a radius of 4.82 feet; thence Southeasterly along the arc of said curve 90.93 feet to the end of said curve, thence tangent from said end of curve South 85004'50" East 170.71 feet to the beginning of a tangent curve concave to the 991650 Southwest having a central angle of 68029'30" and a radius of 126.33 feet; thence Southeasterly along the arc of said curve 151.02 feet to the end of said curve: thence tangent from said end of curve South 16'35'20" East 120.95 feet to the beginning of a tangent curve concave to the West having a central angle of 25'35'07" and a radius of 440.41 feet; thence Southerly along the arc of said curve 196.66 feet to the end of said curve; thence tangent from said end of curve South 08'59'48" West 101.24 feet to the beginning o'a tangent curve concave to the Northeast having a central angle of 59'32'10" arid a radius of 242.34 feet; thence Southeasterly along the arc of said curve 251.82 feet to the end of said curve; thence tangent from said end of curve South 50032'22" East 97.62 feet; thence departing said centerline North 89'31'39" East 2111.73 feet; thence North 17'52'53" West 380.92 feet; thence North 89'31'39" East 337.87 feet; thence North 00128'21" West 150.00 feet; thence North 89031'39" East 1867.95 feet; thence South 00'14'30" West 680.87 feet, thence South 88049'23" East 78.63 feet; thence South 12'49'39" East 29.72 feet; thence South 77010'18" West 30.00 feet; thence South 12049'43" East 30.00 feet; thence North 77'10'18" East 30.00 feet; thence South 12049'56" East 14.14 feet; thence South 19'27'45" East 607.82 feet, thence South 43'51'20" East 959.22 feet; thence South 11'54'57" East 159.45 feet; thence South 60005'14" East 1098.46 feet, thence South 22'08'46" East 2187.26 feet; thence South 17'45'43" West 814.40 feet to a point on the Northerly line of that certain parcel of land described in deed as Parcel A, recorded in Book 1068 under Reception No. 02008614, records of said County; thence along said Northerly line the following 5 courses and distances; South 38'04'26" West 66.71 feet; thence South 70"24'28" West 210.50 feet; thence North 65'42'40" West 1366-02 feet; thence North 44050'58" West 1116.45 feet; thence South 71'22'10" West 137.84 feet; thence departing said Northerly line South 71022'10" West 539.96 feet; thence South 43'28'15" East 318.43 feet; thence South 16014'00" East 176.00 feet, thence South 00040'00" East 380.00 feet; thence South 27102'02" West 73.00 feet; thence North 6501600" West 155.00 feet; thence North 56009'00" West 462.00 feet; thence North 68059'0011 West 256.00 feet; thence South 31013'00" West 248.00 feet; thence South 80026'00" West 196.00 feet; thence North 65007'00" West 214.52 feet to a point on the Easterly line of that certain parcel of land described in deed as Exhibit A recorded in Book 1068 under Reception No. 02008614, records of said County; thence along said Easterly line the following 13 courses and distances; North 29"11'51" West 43.34 feet; thence North 353504" West 285.27 feet; thence North 69'49'46" West 52.20 feet; thence North 34'41'43" West 94.87 feet; thence North 40048'08" East 154.56 feet; thence North 72'48'51" East 101.53 feet; thence North 31'54'29" East 62.43 feet; thence North 17131'32" East 59.77 feet; thence North 20'04'7" West 110.72 feet; thence North 07'06'02" West 291.23 feet; thence North 11050'01" West 107.28 feet; thence North 33'54'04" West 150.60 feet; thence North 07002'17" West 163.23 feet to a point on the Easterly line of that certain parcel of land described in deed as Exhibit B recorded in Book 1068 under Reception No. 02008614, records of said County, thence along said Easterly line North 36047'35" East 143.90 feet; thence departing said Easterly line North 57006'34" West 166.61 feet; thence North 75'57'04" West 582.06 feet; thence North 88050'24" West 134.11 feet to a point on said Easterly line; thence departing said Easterly line North 27'27'03" West 226.36 feet; thence North 39'26'25" West 223.17 feet to a point on said Easterly line; thence departing said Easterly line North 09054'20" West 362.45 feet; thence North 17002'45" West 167.22 feet to a point on said Easterly line; thence departing said Easterly line North 28'46'38" West 241.99 feel; thence North 42'33'43" West 106.54 feet to a point on said Easterly line; thence along said Easterly and Northerly lines of said Exhibit B the following 8 courses and distances; North 61152'04" West 76.22 feet; thence North 89017'02" East 139.17 feet; thence North 0304551" West 390.32 feet thence North 70052'01" West 116.11 feet; thence North 72017'16" West 122.30 feet thence North 991650 55039'25" West 181.68 feet; thence North 31118'35" West 1063.87 feet; thence South 58031'52" West 57.39 feet; thence departing said Northerly line South 31028'08" East 522.19 feet; thence South 10125'09" East 99.33 feet; thence South 33'45'06" East 157.31 feet; thence South 51'32'58" West 95.52 feet to a point on the Westerly line of that certain parcel of land described in deed as Exhibit A recorded in Book 1068 under Reception No. 02008614 records of said County, thence along said Westerly line the following 3 courses and distances; South 00123'32" East 177.92 feet-, thence South 10'18'17" East 78.26 feet; thence South 3014613" East 152.46 feet, thence departing said Westerly line South 47'56'08" East 265.05 feet; thence South 37'58'18" West 164.42 feet; thence South 06'08'48" West 239.20 feet to a point on said Westerly line, thence departing said Westerly line South 33'32'10" East 129.62 feet; thence South 74'20'47" East 218.49 feet to a point on said Westerly line; thence departing said Westerly line South 2100552" East 136.12 feet to a point on said Westerly line; thence departing said Westerly line South 05134'43" East 216.02 feet to a point on said Westerly line; thence along said Westerly line South 40'38'56" East 130.48 feet; thence departing said Westerly line South 06'37'15" West 112.76 feet to a point on said Westerly line; thence along said Westerly line the following 3 courses and distances; South 13034'14" East 59.67 feet; thence South 35'26'24" East 136.24 feet; thence South 49'59'37" East 73.11 feet; thence departing said Westerly line South 72'03'02" East 149.26 to a point on said Westerly line; thence departing said Westerly line South 28'24'46" East 133.76 feet; thence South 40'21'52" East 122.55 feet; thence South 31008'20" East 168.24 feet to a point on said Westerly line; thence along said Westerly line the following 2 courses and distances; South 35'26'45"N East 144.84 feet; thence South 52048'55" East 145.60 feet; thence departing said Westerly line South 53'35'20" East 274.60 feet to a point on said Westerly line; thence departing said Westerly line South 01'31'33" West 75.03 feet to a point on said Westerly line; thence departing said Westerly line South 30'03'16" West 263.26 feet; thence South 06'03'15" East 282.44 feet; thence South 25'15'47" East 337.55 feet to a point on said Westerly line; thence departing said Westerly line South 23'51'09" East 264.59 feet; thence South 29'30'41" East 174.35 feet to a point on the Easterly line of that certain parcel of land-described in deed, recorded in Book 1068 under Reception No. 02008615, records of said County; thence along said Easterly line the following 6 courses and distances; South 37'11'26" East 96.99 feet, thence South 52003'11" East 69.68 feet; thence South 55'31'12" East 148.65 feet, thence South 16'11'37" East 138.93 feet; thence South 42'52'31" East 177.69 feet, thence South 25'09'42" East 155.19 feet, thence departing said Easterly line South 24047'31" East 180.62 feet, thence South 36043'59" East 146.03 feet; thence South 25'08'23" West 111.15 feet; thence South 02'01'55" East 227.19 feet, thence South 20'03'39" East 193.90 feet; thence South 12'33'0"1 East 346.85 feet; thence South 10'22'6" West 264.13 feet; thence South 05'07'42" West 157.19 feet; thence South 32'32'33" West 220.12 feet; thence South 19019'41" West 268.66 feet; thence South 38'04'00" West 284.92 feet; thence South 79'43'0" West 714.61 feet; thence South 24'52'12" West 224.67 feet; thence South 07'13'57" East 37.52 feet to a point on the Northerly line of said Section 15; thence along said Northerly line North 89028'21" East 75.13 feet; thence departing said Northerly line South 00041'51" East 5263.69 feet to a point on the Southerly line of said Section 15, thence along said Southerly line South 89048'56" West 358.01 feet to the Southeast Corner of said Section 16; said point also being the TRUE POINT OF BEGINNING; Including that portion thereof platted as Beebe Draw Farms and Equestrian Center First Filing under Revised Plat and Dedication recorded April 12, 1988 in Book 1192 as Reception No. 2137453, except whereas listed in the District 2 Exceptions. The above described parcel contains 4120.472 acres more or less and is subject to the 991650 following easements, agreements and rights-of-way. Deed recorded in Book 512, Page 551, (location of right-of-way cannot accurately be defined per legal description), Deed recorded in Book 655, Page 293, Deed recorded in Book 655, Page 502, Agreement recorded in Book 961, Page 223, Right-of-Way and Easement recorded in Book 1045 under Reception No. 01983413, (location of right-of-way and easement cannot accurately be defined per legal description), Quit Claim Deed recorded in Book 1068 under Reception No. 02008614 (shown hereon), Quit Claim Deed recorded in Book 1068 under Reception No. 02008615 (shown hereon), Quit Claim Deed recorded in Book 1068 under Reception No. 02008616 (shown hereon), Canal Right-of- Way Agreement recorded in Book 1068 under Reception No. 02008617, Quit Claim Deed recorded in Book 1068 under Reception No. 02008618, Quit Claim Deed recorded in Book 1068 under Reception No. 02008619 (shown hereon), Quit Claim Deed recorded in Book 1068 under Reception No. 02008620 (shown hereon), Agreement recorded in Book 1068 under Reception No-02008621, Right-of-Way recorded in Book 1068 under Reception No. 02008622 (shown hereon), Grazing and Recreational Lease recorded in Book 1068 under Reception No. 02008623,Amendment to Grazing and Recreational Lease recorded in Book 1068 under Reception No. 02008624, Quit Claim Deed reccTried in Book 1068 under Reception No. 02008625 (20 foot access easement subject to grazing lease), Rightof-Way easement and Licenses recorded in Book 1068 under Reception No. 02008626, Quit Claim Deed recorded in Book 1068 under Reception No. 02008627 (reconfirms rights previously granted in Book 1045 under Reception No. 10983413), Quit Claim Deed recorded in Book 1068 under Reception No. 02008628 (20 foot permanent access easement), Quit Claim Deed recorded in Book 1076 under Reception No. 02017072 (affects parcels recorded in Book 1068 under Reception No. 02008628, Reception No. 02008620, Reception No. 02008616 and Reception No. 02008627), Quit Claim Deed recorded in Book 1111 under Reception No. 02052204, Quit Claim Deed recorded in Book 1112 under Reception No. 02053446, (Amends Legal in Quit Claim Deed recorded in Book 1068 under Reception No. 02008619), Agreement recorded in Book 1117 under Reception No. 02058723, Grazing and Recreational Lease recorded in Book 1148 under Reception No. 02090926, Order Approving Settlement Agreement recorded in Book 1201 under Reception No. 02147157, Supplemental Declaration recorded in Book 1224 under Reception No. 02170703, (Relocates easement granted in Book 1068 under Reception No. 02008628),Amendment to Grant of Easement Recorded in Book 1268 under Reception No. 02218734, (restates and amends right-of-way and easement recorded in Book 1045 under Reception No. 01983413 and Book 1068 under Reception No. 02008627), Oil and Gas Lease recorded in Book 1327 under Reception No. 02280130 and all other easements, agreements and rights-of-way of record. District 2 Exceptions Exception A: Replat of First Filing, Beebe Draw Farms and Equestrian Center, Phase 1, which includes Lots 54-56 (inclusive), 63-67(inclusive), 85-90(inclusive), 92-94(inclusive), 114,115, 119-126 (inclusive), and 139-143 (inclusive). Cumulative area contains 91.759 acres, more or less. Exception B: All of Section 16, Township 3 North, Range 65 West of the V Principal Meridian,Weld County, Colorado. Described Section contains 620.687 acres, more or less. District 2 parcel as described and excepted contains 3,407.846 acres, more or less. 991650 NONCE Of NSMNIS TO N OM Of NSW TO COMBO.A COUSIN CONSOLIDATOR BOVICE • INNIMINSE PLAN FOR THE RUNE DRAW MAN FOR IN INK ORAW FARMS METROPOLITAN Affidavit of Publication FANO MEIROPOWAN RS F DISTRICTDRAW FARMS BEEBE MS= METROPOLITAN DIBCT DRS im • NO.2,WELD COUNTY, STATE OF COLORADO BAM COLORADO no.t WO MAIM County of Weld SS. COMM* DOCKET#99-44 I A.Winkler Riesel of said County of Adams being duly DOCKET NO.S99-Q sworn,say that I am publisher of PUBLIC NOTICE IS HEREBY PUBLIC NO1ICE IS HEREBY GIVEN that there were Bfiled oard FORT LUPTON PRESS GIVEN Cwt mere went Ned with the clerk to the ratio of Mmlheciertbmelloadol weld County. COlarae0, a Conthat the same is a weekly newspaper of general circulation weia Couty,-Coloroda a related ld Service Plan was printed and published in the town of Consolidated Service Plan and Beebe documents Drawfarms for and related docwllenis for the Beebe Draw FORT LUPTONpoNtan the Beebe Draw salonandMet Beebe District Na. 1 Mettopoltor District No. 1 and Beebe Draw Farms Mein said county and state that the notice of advertisement,of and Beebe Dow Forms the Consolidated atan Distri No. 2. which the annexed is a true copy has been published in Metropofai District No. 2. Lhe Andrei Service said weekly newspaper for The Consolidated Service Plan and on file eotttc documents Plarrndrtrbted documents are now onllb lame and THREE consecutive weeks: that the notice was aenowa in t eaBeeoi the Clerk to the Board and Me Cleft to she Board p are available for public ri published in the regular and entire issue of every number inspection during normal of said newspaper during the period and time of are avaeableu for public business hours. publication of said notice and in the newspaper proper and inspection during normal not in a supplement thereof: that the first publication of business hark NOTICE IS FURTHER GIVEN said notice was contained in the lade of said newspaper NOTICE NFatiHEIt GIVEN that by Order of the Boaroof bearing the date of eglpyddereRre Boatlol County Commissioners of County Comnilmoners of JUNE 30. A.D. 1999 and the last publication Maid Weld County.Colorado. a Colorado. a thereof,in the issue of said newspaper,bearing dale, public Nadr0 on such public hearing on such conre Consolidated Service Plan and Service documents Plan a d Waled docrensnw we and related First will the 14th day of JULY 1999,that the aid be held m the Flip Floor be held In the Floor Assembly Room. 915 10th Assembly Room, 915 o,1 at FORT LUPTON PRESS SIreet.Greesy,Colorado,at Io00aeet,m,onthe2 stddaayo MIX)a.m.on ms 21d day of July,1999. has been published continuously and uninterruptedly •July.1999' during the period of at least fifty-two consecutive weeks next prior to the first issue thereof containing said notice The purpose of the pudic The purpose of the pubic hear or advertisement above referred to: and that said hearing mall be to consider hearing mall be to consider 110 adequacy of the the adequacy of the newspaper was at the time of each of the publications of Consolidated Service Plan q V said notice duly qualified for that purpose within the Coh respect ed Service Plan meaning of an act entitled. "An Act Concerning Legal w11tr respect to proposed with to proposed Notices, Advertisements and Publications and the Fees ofUnic material modificationthe Beebe maerla of of the Primers and Publishers thereof,and to Repeal all Acts and prow Plan of Beebe Service Plan of the Beebe Parts of Acts in Conflict with the Provisions of this Act" Drow Farms Metropolitan Draw Forms I end Metropolitan approved April 7, 1921, and all amendments thereof, and Deemer No. I ontl the District No. 1 and the organization particularly as amended by an act .Approved, March 30, arm of the Beebe Dr organization of ms Beebe1923,and an act approvqd May 13, 1931. Draw Farms Metropolitan ow Farms Metropolitan bailer No.2 d ptto forfri a basis No.2 ado topt form a bads for adopting a basis for adopting a ( Resolution approving, Resolution approving, or ."---e. O•�'tJ� o s dieson W approvkq, or disapproving bnary approving. or asal3Proving the Consolidated onsol roving the ublisher consolidated Service Plan. Consaldoted Service Plan. Beebe Draw farms MCMecpRtan District No. 1 Beebe Draw Farms Subscribed and sworn to before me i his 14th day of end Beebe Draw Farms Metropolitan District No. 1 LY A.D. 1999 MelipapoltanDIstridNO.2oie and Beebe Draw Farms bealed entirely within Weld Mehopalltan District No.2 are Ceulsy.Colorado,and are located entirely within Weld • described In Exhibit A County.Colorado,and are • / izzid&MTh attached hereto and described in Exhibit A Incoporated herein by this attached hereto and Notary P 1. c 1eNceAp°. incorporated herein by this In Rtcordance with the reference. P.O.BOX 125 procedures set forth in Becton 32-1203(3.5), C.R.5., in accordance with the the owner of any real procedures set forth in property within the Section 32-1203(15), CRS.. WI:MlFT. LUPTON, CO 80621 Fans Metropolitan ot strict be Draw me of any real No.1 and Beebe Draw Fans property within the Metnopoltan District No. 2 s Metropolitan t of Draw Farmsto dBee Farms may the Board of Me r po Draw BeebeeFarms Countyld Commissionersty,Colado, of Metropolitan to District erd. 2 weld Cthan e,Ca no thou Commissioners me liner of later ten days prior to County ty,Colorado, of rc ) thetoteoihearing,atequaer WNtl County, days prix no mat such mthe pry ebed later than ten days Prior to exbMtledtromme proposed iMtlateolhearinO,arequest Districts. that such property be ,t THIS NOTICE GIVEN BY excluded from the proposed • JAMIE ORDER of the Board of Districts. • YBAnf1A • County Commissioners of mss, Weld Cassy,Celorado.this THIS NOTICE GIVEN BY 28th day of June,1999. ORDERoflhesaordofCounry ,Q Commissioners t weld ARD OF COUNTY County.Te QC Co�•Q~@' wCOMMISSIONERS Colorado.dayof June this 28th O F WELD COUNTY. 1999. BOARD OF COLORADO COUNTY COMMISSIONERS �� WELD COUNTY, DATED: June 25,1999 COLORADO T Published In the Fort Lupton DATED: June 25,1999Dr My Commission Expires PreaaJane3o.July 1.l4,1999. Published in the Fort Lupton December 27, 2001 PressJune 30,July 7,14,1999. NMI OF Wag TO DWI!A 27'01'47' West 261.96 feet: thence North 17'52'53"West nes A (FIGURE 31 thence South 36'0743'West 380.92 feet; thence North CONSOUDAMN � E 129.96 feet; Nonce Mount 89'91'99• East 337.87 feet; SAS DRAW keyelOM•Mnel0Mact 46'24'26' West 113.96 fest fence North 00°28'21'West MINIM MSIROFOLRAN No.1 thence South 67°56'07 West 150.00 feet; thence North DISTRICT NO.I AND BEEBE 114.41 feet to the beginning 89.31'39`East 1867.93 feet: DRAW FARMS Legal Description of a parcel of a tangent curve concave thence South 00°14'30"West W METRONTANDISTRICT of land being located in to the Southeast en having a 44187 Mt; thence South NO.2,WELD COUNTY, Sections 3,4,5.8,9.10,15.16 central angle of 43°14'52' teas 3' Eost 78.63 Mt COLORADO and 17, Township am 3 N , and o lades of 210.00 feet, ♦helaa South 7749'39"East Range 65 West of the 6th thence Southwesterlyalong DOCKET 499-44 77•10.14° West 30.00 Mk, 29.72 feet; thence South Principal Meridian. Weld the arc of sold curve 158.51 County, Colorado being 3.0 t: 1enc 43'East PUBLIC NOTICE IS HEREBY more feet tangent end nt sfr said 30.OD Mt; thence North GIVEN that there were Ned particularly described thence from said 7798'18' East 30.00 Mt: with me Clerk to the Board of a s' end of curve South 24°41'10 thence South 1749'66'East Weld County, Colorado, a West 39.72 feet to the 14.14 feet; thence South Consolidated Service Plan Beginning at the Sout east conca ngolatanaentcurv0 19.21'16' East 607.12 feet: and related documents for Comer tingof th eSout Ins ofd concave to the East having thence South 43°51,20'Fan considering the South Ins of a central angle of 68°10'08• the Beebe Draw Farms Paid Setticn 16 a otadW and a radiusot 217,23 feet, 959.22 Mt: thence bum Metropolitan DistrictNo.l and South89°27'ag'WestaNdwIth thence Southeasterly along11'54'37' East 159.45 Mt Beebe Draw Farms abealn centdced5wlo5 thence South 60°05'14'East Metropolitan Dlsmct Ne. 2. W the arc of said curve 258.45 1094.46 MY thence South The Consolidated Service relatye Meea,menpalang lest to the entlotafro curve; 22.83'46'East 2187.26 chest salstouth8.65 feet tote00' thence tangent from said Plan and relatetltlocarnenb West 5138.65 feet to the end of curve South 43°28'58' Ilrolhct South 17°45'43'Wei are now on file in the office of 814.40 Mt to a point en the Southeast Corner of said East 159.97 feet to the Me Clerk to the Bawd as Section 17:thence along the onto datan ntcurve NOlthMyYne of that certain are available for public SaHh Nhe of said 9rsabn I70 parcel of land d, d in Inspection during normal ing to the tinge of deed a Parcel A,recorded business hours. South 89'92'56'Wes/6327.95 having a central angle of No, SMeaerResoPbn Met to the Soumwed Come 48°38'henc Saraherly 61.88 N0,09001614,renoong said NOTICE IS FURTHER GIVEN of sa the WestSection 17; thor ncesale 1het;thence d curvedenq County;thence along saki MxbVdcet of the load of along West line of said the arc of said curve 69.51 Ina tee lollowtg5 County Commissioners of Section 17 Norm 00'29'53' feet tote end of and curve; • Near* Weld County. Colondp, a outh West 5259.39 feet to the thence tangent from sold yceceeseatl6labceei *04'26' West 64.71 feet Northwest Corner of sold entlx curve South 05°09'17 public hearing on such thence South 70'24'28"Wen Section 17;thence plong Me West 19.20 feet to the ConaNtlatetl Service Plan West be of sail Section 8 beginning ofatangentcurve 210.50 feet: thence North and related documents war North 00°09'44'West 5291.77 concave to the Northwest M`Q'47 West 1366.02 feet: be held in the First Floor thence Me Northwest Corner nb a Norm 44°5058 Wee Assembly Rose, 915 10th of said Section B: thence 580 a a angle x 1116.11 Mt thence South Street,Greeley. 25'54'10' and a radius of eeeY.Colombo, along the Wpf.b of the 260.90 feet: thence 71.22'10' West 137.64 feet 10:00 a.m.on the 21$cloy of thence departing sold July,1999. Southwest Quarter of said by id curvy along lee at Seftloh6ylleN0716'29'West of said curve117.96 feet b Northerly hoe South 71'72'10 the puthese« 2664.04 7Ut b the West theedolsaldcurve;thence West 43'28'15'539.96 Met, thence the public QUe.ef`tads of said tangent from sold end x South East 318.43 nearing ewe be to pithiest feet thence South 16°14'00" the adequacy of the > ab8lMe along the Curve Scum 31°0.7'27 West Ea11176.aDMt:thence South WM Erna Y the Northwest 130.68 feet thence South Consolidated Service an 0740'00' East 380.00 feet: with aspect toQueer IM Said Section 5 OP40'47 West 96.'26 feel: proposed North Celt St West 1327.22 Mena South 03°11'43'East tndnoa South 27'02'02'West nabrlal flOdficoNdsof the Net a Seleidnast Corner 116.07 feet to Me t._.__lg 7390 Mt; thence North Sala Nan of the Beebe of the North half of the of a tangent curve concave 65'14.03° West 155.00 feet; th N an Draw Farms Metropolitan Npwsit twirler of sold to the Northeast hg a thence North 56'09'00'West District No. t and the Seeeee Si theme along the central tingle of 36.30'36' 462.00 feet: thence North agansatlon of the Seebe South teat to North half of and a radius of 160.24 Mt 68°59'00' West 256.00 feet: Draw Farms Metropellfon teNWlh.pstttarferot said thence Southeasterly along thence South 3l°13'00 West act No.2 and to ten a Seetee6NmRF89'44'17 East the arc of said curve 114.86 248-00 feet: thence South bails for adopting a 9131.31 fee1Mssoutheast Mtlote end of sale curve, So°2600 West 196.00 feet Resolution approving, Came of the North hat of ' thence tangent from said thence North 65°07'00'West conditionally approvig, or MONFtlhwUtauamrol said enact curve South 3P42'19' 214.52 feet to a point on the dlsopproving the Seellen Si thence along the East 116.57 feet to the Easterly line of that certain Consoedofed Service Plan. Soma the at the Northwest beginning of atangentcave parcel of land described In Quotes of the Northeast concave to the Northeast deed aEYhN7tt AfeCardotlln Seethe Draw Farms QYotler Of said Section 5 hang a central angle of Book 1068 under Reception MeeeeesanDidrtCtNo.I and Nest W44'17 East 1331.58 45`22'3'and a Taal�al�4,3a2, No.02008614,recordsaf said Sneer Draw Farms Me Is MMutheost Corner Mt; thence Sohwwrr County: thence along said Moeepdtan District No.2are al. Quarter of ' along the arc of odd suave Easterly line the following 13 tocat.d enaeS within Weld rer of said 90.93 feet to the end of sold courses and tlaOnces:North and Colorado, are Sala Ile along the curve,thence tangent horn 29'11'51 ' West 43.34 feet: described In Exhibit A Eat Re Si. Northwest laid end of curve South thence North 36.35'04'West attached hereto and Queer of the Northeast watt t East 170.73 feet to 285.27 Me: thence North incOperated herein by the Queen of sold Section 5 i.e beginning of a tangent 69°49'46' West 59.'26 feet reference. Notts 8P Meth West 1325.38 curve concave to the thence North 34'41'43'West 94.87 feet: thence North flab the In accordance with the of Ms NorthwestQuarter Corner f angle of 68°29'37 and a 40'48'08' East 154.56 feett procegeresetlo trthinSeclton .east Quarterof sold talus of 126.33 feet thence thence North 72°4x'51"Eat 32.13030.5),CJt.S.,iheawner Main t thence along the Soutemled?along the WC 101.53 feet; thence Nam Of ash'Ill ProPerty wthi NOM are of the 31'54'29" East.62.43 fee: the boundaries of BeebeNortheast Of said curve 151 *0le thence North 17'31'37 Eat Quelol 3f said"E East 13ch 5 tangenxlamall tae 59.77 feet; thence North Draw tenths dBeebe rawtan Nadi She Northvale v Comer r tangent from s jRIR of 'Farms lo.laaeeeceistpw fettle the Northealt Come curve South 16 WI thence 20°0c " West 110.72 Mt: Farms Metropolitan District of said Section 5; thence 120.96Mtemeeeyeae North thence 7Wea No.2't uibrryffome Board 291.23 fee; thence North slag the North eW al the of Wes curve concave of EtCOW*allu Commissioners of Northwest Quarter f tale to to West having"conical 11°50'01' West 10)04'Mt Wta CMst Colorado,no 2ectn4 Northt North angle of 25 35'07' and a thence North 33thence ee later Man ten days prior to 2634.09 feet to the Warn, rarRax440.41 feet;thence 150.60 heat thence North Redcap,hieing,orequest Quarter Corner of sae SaorMstyalongtheorcotsaid 07°02'17'West 163.23 feet4O Property that such be Section 4;thence along the cave 196.66 feet to the end a point on the EasteM Veal esckesdeprn the proposed Math Me of the Northeast oeddcurve;mencetange t Mat certain parcel of land Deals fros8626'lendofcay.booth descried In deed as Exhibit Quarter of said Sea}m 4 B recorded In Book IOM North BP24'211 Ease 311691 the bet'West 101.24 Met to under , records No. THIS NOTICE GIVEN BY leek,thence departrteYdQ said the a e x a argent n0U86 thence Reception c along x said OOmntelo SoadofCound Nertf toucent0�1'Eat curet concave to the 0ds of sold Commissioners of Weld 9.61 feet to the centeehe d Northeast hang a central County; County,Colorado, the 28th Ile Platte Valley Coral as angle et tram end a Easterly line North 36°47'35" ddy of June,1999, East 143.901eet thence i In Book 106WIx16. sodiusx 942.34 fee;thence dorth 57 West 1 una BOARD RS deception No. Coo ty; Southeasterly 2518 the arc North 57 'J4"West 166.61 COUNTY CWELD COUNTY. records of said County; of said curve 251.82 feel b feet, Sat fe ence WELD COUNTY. thence along said cenfeese .tangent ve,thence West M feet thence COLORADO the fobwlng 25 codas and tangent from sold end of DATED: June 25.1999 Seances; South 10'09'07' curve South 5732'22" last North M 'Zf WMee11/11 West 45.49Mt;mencesouth 97.62feettencedePalRg loo; doodling said said centerline Math 89°31'39'East 2111.73 Mt: EXHIBIT A Easterly M North 27'27'03' Ealx74.60iMroapolnfon well 226.36 fee. Mince defined per legal North 39•264lf Welk 105.17 said Wooled), M; t119rtc9 d eciclion),gdtCldmDeed DESCRIPTION (FIGURE 4-LEGAL said W,elfetN t1e DESCRIPTION OF DISTRICT M;thence MOntaMng said oepawq recOrsYtlln Book 104 under No 21 Ilse; departing satl South 01°31'33" West 75.03 eepestterl No, 02006614 Eallertp)North 09'51'19 feet to a point on said (Shod hereon),putt Cldm D1nkl2-Leal Description ' Wed 362.45 feet; thence Westerly line; thence Deed recorded in Book 1066 Noah 17'02'45'West 167.22 deporting said Westerly line under Reception NC. Legal Description 010parcel feettoapdnionsddEaslMy South 3903'16'West 263.26 02036615 (shown hereon), lino henna Sparing sS00106'03'15'tl feet Menke 9o06'03'15' Q.s ciceoe neoragaWOM located lontl being locetl In Easterly M North 16.46'36' tat 10!.44 feet•, thence look 1014 under Recepbn Sections 3,4,5,8,9,la 15,16 West 241.99 feet. thence South 25•15'47'East 337.55 No. 02008616 (shown and 17, Township 3 North, feet to a point on said Range 65 West of the 6th Nash 4003949 Wee 106.6/ hWeon),CdnalRpM-o/-MNy Principal Meridian, Weld Ieettoapdntonsad Eattely Weleny line, thence Ageesrenirecordedn Book lint thence along said departing said WesteM line lO66 anon ReoepMn No. more County, Colorado being Ease:rlydn thence rtymesof 7e1M'00.61'09•East x07.59 07000617.Quit Chien Deed particularly tleenlbatl said Exhibit B the fallowing 8 he)eetloe South 29°30'41" re6oltetlln Book 1066 under as follows: Exsantldktancer;North EaMBapfeNtoapolnt on Recarean No.0200SeU,yg Beginning at the Southeast 61°52'04' West 76.22 teliafeMlecfthdcertdn dep6aedrecorsedkhlook 0 9 thence North 89°17'07 East s Parcel of land described In 1061 under Receptor) lye. CorneroldM sosionidand uth M of 139.17 feet thence *nth a�ed,ewftlstlln Book 1068 0200.19 (shown hereon), considering WM/MI Reception No. Qs1+Cldm Deearecadedkl said Section 16 as bearing 03°45'51" West 390,32 feet; south8727'00'Weston/with 006616 records of loll thence North]0°52'01"Westlook 1066 under RecepSen ap 116.11 feet; thence North 'thence don0 sold No. 02008620 (shown rela8a yet eto;s� n g 72.17'16' West 122.30 feet; seTMN M me IOAovMg 6 hereon), Agreement SOIOSo 131.6 feet E7'OD` thence North 55'39'25'Wed eassssOnptlMian es feth recorded In Book 104 under 37•41'16' East 96.99 feet; Reception No. 01036621, West 5138.65 feet to the .181.68 feet; thence NorthSoutheast Corner a said lases*IA 62'03'71'E h Right-of-Way under Reception ed In 3198'35'Wed 106347 feet phi Met; thence South W Section 17;thence did lithe thence South 58'31'52'West *wiz East 148.65 feet; book 10680622 MCaptM South line of said Se 532117 57.39 feet;thence tlepamng eelaebuth 16°11'37'East No.; 01008622 (shown South 69°32'56'Wee SJ77.e6 said Northerly line Southnecfeaeon), Grazing Onhtl bet to the Southwest Caner 31°26'08' East 522.19 feet 6'16 ta thence South ReceaeDndleaelecaaed of sold 17; thence 40V0'51' East 177.69 feet: btopybggunAeraecep66n thence South 10°25'09'East e .rs apetTl7 East along the West line err rep MM.Oing and feet; thence South 1 11 360; thence .and R6ceaouM Section 17 North 0010'53 33.46'06' East 157.31 feet; tle�y Qraltre West 5259.39 feel to Me Mence$outh51°32'58'Wed Se11MI '56s413%'Eale ast b� Vase ecReoePtorded In 10mt 1050 Northwest Caner of gala hide feet too point on the under Reception Cl n Ne. Mallon l7;thence Pongee Weeely M of that certain feet fiance bust 36'13'67 07036670, Quit Clam Deed IS 1416110 lest thence leeatlatlln Book lath under Wed M of said Section 8 peed of landExhibit A recor Id Seth 7.6823•Wet 111.15 Reoepeon No.02036616 }bf1110the N rt Wed 6291.77 iner WI ed 1 und r recorded Mtb 5 Noon 8; hence Hooabl4 records of mkt E5127.19ebt once ouch tad t grazing easement al did Section line thence 6.3636 thence along 000273.19bet:11193.90South Milloubiaot to lease), along the West e of the Cagiest:Mnce dung mid thenc20'02e 39' Eat 2'3'0 feet; Llc rases ec recorded k s e Southwest Quarter of sold WesteR'Ens the bkoweq 3 MencO South u East Licensese kh♦No, 2664.05 t 2 Wee calkralEast ces:hies; 506.16 feet; thence South 10th under n Clans No, 760.03 feet to the West 3673'37 East 177.92 feet; 10'/06' West 264.13 meet, ' 361 phi Claim Deed 5.then thence along the West thence et thence South rerlp both thence South r din gook 1360006`. S.tenceoione the WHIM 76.26 lout; thence South 167.19 feet; thence South eMs epllen No. 06006667 d the Northwest Quarter of 30.46.13' East 152.46 feet 3731'33 West 220.12 feet. IMIIIIIIMSBook pNMotely Sold 13ori5 feet to 'So' thenceaSouth departing sad OYRoe South 1999'41"West premed In Book 10163411). West 1327.22 feet to the Weee fet 4thence =net; thence South Reception No. 10pN1». Spnhwee ornerosMNOrrh East 265.05 teal; thence Mines , West 28492 feet', Quo Claim Deed " hdsathS Northwest Quarter Stub 37°58'18"West 164.42 Mine South 7743'0"West look 1068 under feert of said Section 5; thence feet;thence th06°36'Point 24 41 Mel: Thence South No. 02008628 (20 bet Non the South line of the Wee 739.20 feet to a erode Menai7 West 224.67 feat permanent Moles darn half of the Northwest on sad Westerly Wes: rn,Ira thine South 07°13'57'East ep.11lent reel Wet lra(said2acHp15Napt South 33 said w M 3700 Mt to a point on the t1se11� - 3 0017071 Me5'17 East 2631.31 feet to bust thence 10'East 12032 16; thence 1 Me of sad section a fan Me. 00017072 No Southeast Corner of the South t 49feet South 16: thence along said Napa p under -'-Mt North hap of the Section Northwest fkit eat Westerly lie pdntce lee 76.13 feet; °28'71" loin under le eseAMn Menlo*ter of said 5, Odd lt49fe line; thence lest 76.13 feet; thence 00.006671.eaCeee6l lb. of Ilsealong the South Ina depold said ine; line dereting mid Northerly line 02001610. eeae6lMn Me, d aka NorMwed Quarter of South 21'05'52' East 136.12 WIN t41'61'East 5263.69 . M ibrthead Quarter of sold feet to a point on ere four to a point on the 0706627).Quit Pens11110Md 1acReB 6Noroh 8714'Iteast dWesterly line; thence 15:the The of sold Section recdaeo in Book 1111 under Canter to the Southeast South sold Westerly; the One 15: thence along said ReceptioClalmDeedrec20�51,.g�6r4a,��a�t Caar1 of the Northwest South 05'34'43' East 216.02 W 36M5wp1t to " 1112 DeeerecorSOM�sek Quarter of the Northeast feet to a point o said West 358.01 feet to the 1112 under ROCS No. Quarter of sold Section 5; fee e;thence along Southeast Corner Of said 02053446,(Amends Legs In thence along the East le of sold westerly m ; line South Section 16; said point also Qut Clok0 Deed r ti in No Northwest amen of she thence' ep 130.48 tout being the TRUE POINT OF Book 1058 under Reception Northeast Quarter of sold departing 4 said WSiING; Including that No. 02008619), Agreement 26oran SNorto00°39'OTWee Westerly11 line South a point Mein thereof planed as recorded in Book 1117 under 1345.38 Corner feet to the Northeast Wad 112 76(eel to t point Mein Draw Farms and Reception No. 02058723. of the Northwest ag said l Menee Equeean Center'First Fong Grazing and Book bnal Quarter of the Northeast along said Westerly M Me under Revised Plat and Lease redorc e In 1148 Quarter of sold Section 6: si 3 courses and 1900 innrecededApf!I 12, under Reception No. Hence along Me North line distances; South 13'31'14" lap in Book 1192 as 02000920, Order Approving of Rine Northeast Quarter of distan es; he13'34't' eeceplbn No.2137453. Settlement Agreement Eaapctwlf*LC7977 3502e24"South Edo fence lout recorded n book 1201 under Eat 1333.17 Mel to Me M 1feet thence .24 last the above descrlbedparcel Reception Na. 02147157. Seaga* Caner of Mid sold departing eetthen9eSo conlasandIssubjectsmtre Supolemeaa Declaration 1ealO ra RI the 72'6 Westerly e South or less and k fabled to the recorded in look 1224 under NerM Mho of/he 1Npae�wjywatkll ]2'03'02' East 149.26 to a following easements, Reception No. 02170703. Quarter of said Sachem 4 pant on said Westerly M; agreements and rights-of- (Relocates easement North g9'45'34"Edo 2636.09 thence departing said way. granted lo Book 1066 under lent to Me North Quarter thesterlynce line South 28°21'0" Reception No 02008626). Corner of said Section 4; East 133.76 feet; thence Deed recorded in Book 512. Amendment to Grant of thence along the North M South 40'21'52' East 122.56 Pape 551.(location of right- Easement Recorded in Book Mille Northeast Quarter of feet;thence South 31•06120" of-waycannotaccuralelybe 1268 under Reception No. O defined per legal 02218734.! (restates and East 805.01 '24'21' East 16834fou1ro apoewonEast 805.01 feet; thence 1_ said Westerly One; Thence description, Dee2r9condsd erMntlt r -way and departing0 said North Inc v, along sold Weaver M the d stook 666 Page 293,Deed eae1046 n1 recorded M 600k South 40°d1'g3"East9A1 feet LO following 2 courses and Ie2afd9e in loot 655'Pape 1045 under Reception No. totha centerline ol the Pkafe distances;South 35'26'45'N 602,.6 fteMeilt corded In 01963413 and leek 1068 toff 144.84 feet; thence B00k 9611 Pogo recorded7n,,Page Flight-of' under Reception No. Valley Cana as recordedin South 52'48'55" East 148.60 wwandEdismentrecaded 0200p27),pad32 few Book 0 1nceeeaba.did fear.manta depa.pnp sea No. 1 tRecpbn recalled M 10th 1277 under County;Rance abrlg said eplion Wer1eM line South 53'36'x0' No. 01963413, e aeon of RecepM.n No.OpplJOenc centerline the Wowing 35 rlgtlt-of.way and easement all erne. *onwards, cannot accurately be agreement. and rights-of- courses atddmtan5dn burl way of record. 10'09'071 West 45.49 tee; INenceSouth 27°01.47"West tangent fran said end a line 211.9e yet;West thence 500111 urn awning sad East said Westerly line; thence Deetlreeortleeh1oek512, JNQYW' 129.95 feet; curve 3oudt fRT32'27 faN Ibnh 5706'71'Wett 14{,61 along sold Westerly line Me Page 561,(IocallonotrpnF 97.63fee;feence wee thence North 74•67'01' of-way cannot accurately lable4 Nh46•24'26'West tlMaO7 following 2 courses and I13.N MR. thence South sold centerlineNorth West 44,06 feet; thence dlnrncet South 35°26'45'N be defined per legal 67436120•West 114.41 feetto 89'31 Rut 17'5 53'rib fNOMeett arum elect 11011 }hence North 17.52.57 Wee feetb0 East 144.84 feet; thence description). Deed the oe/Ithlnc of a tangent pontonsatl E10Nllyrecorded In Book 655. curve Concave to the 380.92 feet; thence Wirth line;thence Sporting led South 52'48'55'East 14560 Pope teYMYY�1 having a central 89°31.39• East 337.87 ter; Easterly line North 27°2703' feet;thence departing sold 653.Deed recorded Agr n moot mtle air 43.14'52• and a thence Nat thence 21'Welt West 226.36 feet: t235,u Sad 274.Westerly aeettaapoiSoutti nion recorded Page 502,Agreement 150.00 feet; North North 39'26'25•West 2$,17 4at2Wosteeetbapoln thence 223, Right-Of-Way Page r0ie01Y10.001 at thence 8431'34 East 1867.94 yet; feefOo Eae1t red Westerly line; thence 223, RIp M-of-Way and Of fold 4ve 158.51 fheac pdntenrtb dpating said wes/ely ine Easementrecobetlnmtok ot sob Cove feet b thence.South 00'14.3.Wed line; thence departing 1St 8pM1 01°31'33'Wee 76.43 1045 under Reception No. tangenaratic old a lace 680.87 feet. thence SONth Easterlytie'North 09'5P>a feet to a point on said from sold end of BB°49.23' Ea1,t12'49'w 78.63 tie; West 362.46 feet; thence Westerly line; thence of-way and easement curve South 24°41'10'Wen thence Southl M North 17'02.45"West 167.42 29.72 feet thence Sea leerba aMonsaWE dilating sold WMNrly ere sonnet accurately be l 31.72 elf to the cone yeP Earle* South 30'03.16"Wert 263.26 defined per legal ololon maunecc ents 77.10'70' West 30.14 at Nrn; thence departing said feettenceSOUM116•03'le' tlescriptIon), Quit Claim to angle e ES having a c and a thence South 1.kW Easterly inc North 2.4'83' East 282.44 feet: thence Deedrecortledln Book 1068 of 68'10'08' a 30.00 feet; thence NnNth west 741. esei Chest 54 Booth 25'15'47'Eat 337.56 under RecePtlon No. rredteai417.231Nt,thence 77°10'18' East 30,0p yet, North 473643"Wed 1M.y feet to o point on laid 02008614 (shown hereon), 51sURdailrlY obRp the ac thence South 12'19'00 fee fete; *eeetentaYEarRy 14.14 feet; thence Marlll Iran; Meeaw asp pia *Weft line; thence Quit Clam Deed recorded etfal0 Curve 258.46 feet bOng Sporting said we-ey el in Book 1068 under theent from urve%Meng 19.27'45• East 607,p al, 8erNleleRde6Mer4r6r11I11ot SOgpr 23.51'09'East 264.59 Reception No. 02004615 Clays South t from said end of thence South he•61'10' sal feed d I the bloven°e curve 43'29'58' Fat 959.22 feet; thence 6 /0. North Net}nsnce souM9Mp'11' (shown hereon),Quit dorm 16/.97 feet to the 11'64'57• East 159.41 S 41•6104'Wad 74422 feet Ewe 1]136fy line often undeDeedr ltn Book 1068 beginning thence South 60'05'It the Easterly line of that under Reception No. ofabngentc veconcoe INNS Nasth 8P1T4!"Eoi certain parcel of land- 02008616 (shown hereon). M Rl of having a 1098.46 feet, thence tell 13017 feet thence Naga described' In deed. Canal Right-of-Way central angle of 48°34.11 ' thence22138'4" East 2187.46 feet hence 'West J90.J2 feet fecerdedneookl04siSen Agreement recorded in and a radius of 81.88 feet thence South 17'45'43'Mlee thence North 70°52'01•Wet Reception No. 07004618. Book 1064 under Reception thence-Southerly along the 314.40 feet to a point on the 114,11 feet thence North rseerds of said County: No. 02008617, Gulf Claim eat d Ion Curve 69.51 vet 'Northerly Inc of that certain 72.17.16"West 122.30 feet MIe dace along said 8a1MY Deed recordedin Book 1068 to the end of said cave; parcel of land described in 111.4$thenc thence 6"Wed ed 41e following 6 caws under Reception No. Mews tangent from sale deed as Parcel A,recorded 181.4 feet; North one asitances: town 02008618,Quit Clam Deed west 1 .20. fee 0509'17 n Book 104underReceglpn 31.13'35'West 1063.87 feet 3791'26• East 96.99 feet, dcordedn Book 106Bunder West 19,26 feet to the No.020044U.recortll peed t1dnC4SawM58°91'52'0044 Rance South 52'03'11'40d Reception No. 02008619 beginning of a tangent County; thence along wet 57.Jtleetlhence depatYlp 4.4 feet; thence Spia1 (shown hereon),Quit Claim curve concave to /he Noledrly line the tollowirg 6 tab Northerly Ilne South 50•61.12• East 118,40 tilt DeetlrewrtledM Book 106E Natiawet having aconite stewsantltlofances%South 31.703' East 822.19 feet: e9outh lb48.6$et. under Reception No. angle of 25°54'10" a. a 3071'26' West 66.71 feet thence South 10.25'04 Ent me feet: thence WNW 02008620 (Mown hereon), raeaot260.901ee1:thencethaee loath 70°24'21'We 99.38 feet; thence South 42'N'31" East 17],61 feet. Agreement recorded In Sa westeM along the 31010 het; thence Note, 3.46.06' East 157.31 feet; SOW.South '09'4'10t look 1068 under Reception of saki curve 117.95 fee to 6.*40'West 1366-02 Nm 1ec55outh51.32.58•00ed Rae49e North 4°50'5.W feet to a144.59 het, thence No-02008621.Right-of-Way ba/InoofkoWcurve:ihenw 'Me1�lpoint on the Frletit ern recordedin Book 1068 under tangent flan sold end of t1 Iw5 feet; thence Sea01 welly line of that certain East IC.62 Reception No. 02008622 tang South 31°03'22"Wee 11'!1.10• West 137.84 fee; -Pail of land described in thence departing Neelest leer feet sate nd atio Grazing 14.80 feet; thence South Ii as Exhibit A recorded 44d l. Oreil $ W sate and Recreationalgook10Lease OlnIT4 West 9626 feet Neill 530.963f et th ir* M 'Ook 1068 antler 4earM eaoet ho 111.16 aporphan Book 0208623. Sens South 03.11,43"Eost IM 634:06 feet; their* rseeehon No, 02008614 feet;MencelaAh02.01•e6• Stephan No. 02008623. at ge to Me beginning ;loam 43'28'15' East 311.4 n0ebms of sa10 County. Est 227'.11 Net, thence Athentlnrentb Graslnpand the Northeast en encag ece thence South l6°119D` t6 along said Westerly to Roc IM'llg a be176.001eet.Mence Sal; fee distances; q 3 courses South 7'03'5"6Ost 1p.10 Recreational Lease feet:thance8outh77J4W 1 IecordecOn Book 1068under and a angle of 3.30'36' hence " East 380.03 tie; and 2'East SouthReception No. 02008624. ace South 27°02'02"Wei 01,23.3 "East 177.92 feet-, South 346.85 feet, MM1$ pun Clam Deed reacted and radius of 180.34 fee; '340 feet; thence North thence South 10°15'17'East Fouts 1.22'6'Wed 74414 in Book 1068 under ththe Southeasterly top 6••6.00" West 155.00 tire: 70.26 feet thence South fees;thence9 feet; Mince tlon No.07008625(20 the arc of said curve 114.tl Mute Nortn56°09.00"WestWen 157.19 feet; MenCe Rcoep Servo the eneolsalecurve; Cheese' East 152.46 feet, South 32°32'33'West 240.12 Net aoeete easement thence tangent from seed '62D0 feel; thence North tease departing tinp taltl feetahence South 1474"41' erdyect to grazing lease), East ufee3I42'le !'10'0011 West 256.00 Net: tort s.le 447°50'08' West 268.66 lest iherlce 1 501-WaYeadmelatantl Noce South 31'13.00'West South 38934'00"West 254.92 sasee recorded in Book East 116.57 feet b its feel 716.85 set:pence curve of a tangent 4400 feet; thence South f et; e7°54'1.West 164.42 1014 under Reception No. 07k'ar West 196.00 feet: fee:thencef uth06°ap'4t Net;thence South 7443'. curve concave to the ace Northb507'00'Ws West*39.20 feet to a Pant West 714.61 feet iheece 08840626,Quit Closet Deed anglNorte hwinpa cents loll feet topoint 4alth 2462'12'Wet 224.47 reeeededrBook1068urbe angle of 45°22.3' and a on eneatgsol Westerly Nlt;thenceSout07•13'87' scePtlon No. 02008627 radiusSoutheasterly of feet;thence Sode*line of that ode depaenq sob Westerly line let97.521eet toapont on (recon0mephts PreuIDusy Se of land described In the Northery Ind of said granted InecW 1018 under of said curve 90.93 1st to along the etc 640 1068 hblt A rRecepnn 11Net 4 lace South 74129.4 Section 16: thence along Reception Na. 10eS3413),- ineennarddcurve,Rlnoe 17r antler Reception 00st7q 941 0l aphence sold Northerly Nne North Quit Clown Deed receded Noely; rasotpleN'2B'21" East 75.13 feet: tangent from said end of yd WesteM fine; thence in look 1068 under curve South 85'04.5.East CeIRA•: thence along said Opa said Westerly .12 thence departing sald Recptiara Nn;O1DeM1017 170.71 Net to the beginning Ba4111y line the following 13 feel 21'05'52'East 136.12 ttodheMernSouMOD'41'51' feet permanent steel of a tangentcurvecancog I'aWe and distances;Noah feet to a Point on tab last 5263.69 feet toaPoint _}� Quit Claim to the Southwest having a 7"11.51• West 43.34 feet Westerly line; thence teegag40/C tlMb/k 1076 *eallorth 35°35.04"Westen the Southerly tlrnsotw10 central angle of 68'29'30' departing said Westerly line Section IS, thence along telly" eet0en Mo. and a rpdiue a 126.33 feet: 211147 feet; thence North South 06.34.43•East 216.02 pfd Southerly line South ilsg. l N dealt thence locu a I8l p e"N'46" West 52.20 the feet to a on said. 844'56'West 358.01 feet its theta North hens dJ`West Westerly line:thence along to the Southeast Comer of 4eeee04A Ne. X74, the are of sold curve 101 AQ 1s.,1 feet; thence Northodd Section 76;sob pant Nc.g� - feebtidendo7aadaths saki Westerly line South �eeee4eY�l0a thence tangent from odd 407168" Ea 154.56 feet: 40'38'56' East 130.48 feet aep being the TRUE POINT 6�.Q79Acf04ad en t 5 %'7` *Sae North 72'48'51'at thence departing said Of BEGINNING; Including Re_s:Re-1 No. 0107611). East 120.95 feet to the 31td3 feet; thence North westerly One feet to °37'15' gavecbeginning of a tangent 31'61.29" East 62.43 at West 112.76 to a Point that portion Meneol Platted 31161'29' look 1111 underDraw Reception cog concave to the West along old eMNne;thence n Center First Filng No. 07102204, Quit Clakn 25'36 a central angle of W O feet thence Newel along said Westerly Inc the - Esl b mitt. West 110.72 Net following 3 courses and wetter Revised Plat and OMedwmcdn look 1112 75.36'0]' and a rasa e Dedication recorded April uses Receptlen No. 4D.61 me arc Of curve North 07°06'07 West distances; South I J°34'14' 12, 1988 N Book 1192 as 1)410446,(Amends Legal n nag the or<ardtl curve RI feet thence North Ea 26'24'59.67feet thence South Reception No. 2137453. pueClokO Deed recorded In IKyhefbtheendotsntl II' 01' West 107.28 feet; t °26'24' East 136.24 feet; eppswnereaalistetl in ine .leak 1010 under Recptlon Cog;nd of curveMMem ISIMOtape North 33°51'4 North Wed thence South 4459'37"East pefricl2ExcePibns, NO.ppp8619). gpleeranent said end of curve Sala f51000 feet; thence North 73.11 het thencedeparfinq recaaddln took 1117 under th tte vilest 101.24 feeb stein astert163.23 fee11et sold Westerly 49. South theabogtlescrlbedparcel heceplbn No. 04!!723, the ofata stein on EasteMNde 77.03.02"Ead 149.26 to a contains 4120.472 acres Gredrg and Recre:None 'rn gt that certain parcel of bet own concave to its Pont on said Westerly ine; Norther*novngacsaNW ascribed n deed as Belt thence departing sold pleeOrieuantlbwbNcib under Reception in Mark 114 B recorded In Book 1068 led following easements, No. .0f0141et end a lost rune South 28'24'4' and un� r Reception tie. last 133.76 feet: thence apwemenb and rights-of- 02090926, Order Approving ddafel3M••NNet Reecewet,, Settlement Agreement 01 said fl csted7�rt0 the etc aztreolo. records of sell South 40°21.52•East 122.56 of sale aaa0iNle0.r/.46eMb CpytN, thence along odd Net;thence ettoo olntOn 991^_(1 of aideigult Rabe toEasterly the N thence East 168.241eettOapanton ba50 East 143.90 feet; thence recorded in Book 1201 under Reception No. 02147157, Supplemental Declaration recorded In Book 1121 under Reception No. 02170703, (Relocates easement goateed in Book 10.68 under Reeeptlon No. 020086]8), Amendment to Grant of Easement Recorded In Book IBM under Reception No. 02218734, (restates and amends right-of-way and eaement recorded in Book 1015 under Reception No, 019.3413 and Book 1068 under Reception No. 0700N27).OllandC•as Lease recorded In Book 1327 under Reception No.02280130 and OH other easements, agreements and rights-of- way of record. DUMot 2 Exceptions Exception A: Replat of First Fang,Beebe Draw Farmsand BQedlbn Center,Phase 1, which Includes Lois 54.56 (eteWdve), 63-67(Indusive), 85-90(ecluslve), 92- 94(Inckave),114,115,119-126 (Inclusive), and 139-143 (Inclusive).Cumulative area contains 91.759 acres,mete or less. Exception B:Allot Seckon 16, Township 3 North,Range 65 West of the V Principal Meridian. Weld County, Cdorodo.Descrk)ed Section contdns e20.687 acres,more or ea. District 2 parcel as described and excepted contains 3,407.846 acres,morn cc Mice. Published in the Fort Lupton PressJune 30,July 7,14,1999. CLERK TO THE BOARD PHONE (970) 356-4000, EXT.4218 FAX: (970) 352-0242 P.O. BOX 758 GREELEY, COLORADO 80632 STATE OF COLORADO) ss COUNTY OF WELD ) I, Donald D. Warden, Clerk to the Board of County Commissioners, in and for the County of Weld, State of Colorado, do hereby certify that the attached copy of Resolution #991650, dated July 21, 1999, is a duplicate of the original Resolution on file in the Weld County Clerk to the Board's office. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of said County at Greeley, Colorado, this 26th day of July, 1999. CL '' '. ' H cO1141 BY: .`PUTY c ERK TOO E BO 991650 CONSOLIDATED SERVICE PLAN FOR BEEBE DRAW FARMS METROPOLITAN DISTRICT No. 1 AND BEEBE DRAW FARMS METROPOLITAN DISTRICT No. 2 May 1999 991650 oormnwn-pei Table of Contents I. INTRODUCTION 1 A. Summary 1 1. Dual Districts Structure 6 2 . Benefits of Dual District Structure 7 3 . Configuration of Districts 9 4. Long-Term District Plan 11 5. Existing Services and Districts 11 B. General Information and Assumptions 12 C. Contents of Service Plan 15 D. Modification of Service Plan 16 II. NEED FOR NEW DISTRICT AND GENERAL POWERS 16 A. Need for New District 16 B. General Powers of Districts 17 1. Streets and Drainage 17 2. Traffic and Safety Controls 18 3 . Parks and Recreation 18 4. Water 19 5. Miscellaneous Authorities 19 6. Other Services 19 7 . Legal Powers 19 8. Other 20 III. DESCRIPTION OF FACILITIES AND IMPROVEMENTS 21 A. General 22 B. General Design Standards 23 1. Street System and Traffic Safety 23 2 . Storm Drainage 24 3 . Water System 25 4. Transit System 26 5. Park and Recreation 26 C. Estimated Costs of Facilities 27 IV. DEVELOPMENT PROJECTIONS 27 V. PROPOSED AND EXISTING AGREEMENTS 27 A. District Intergovernmental Agreement 27 B. Water Service Agreement 29 991650 C. County Agreement 30 D. Developer Fee Agreement 30 E. FRICO Agreement 31 F. Other Agreements/Authority 31 VI. OPERATION AND ADMINISTRATION COSTS 32 VII. FINANCIAL PLAN 33 VIII. OTHER REQUIREMENTS 39 IX. CONCLUSIONS 40 EXHIBIT A FIGURE 1 - MAP OF DISTRICT NO. 1 FIGURE 2 - MAP OF DISTRICT No. 2 FIGURE 3 - LEGAL DESCRIPTION OF DISTRICT No. 1 FIGURE 4 - LEGAL DESCRIPTION OF DISTRICT NO. 2 FIGURE 5 - VICINITY MAP EXHIBIT B TABLE 1 - SUMMARY OF CAPITAL EXPENSES TABLE 2 - PRELIMINARY ENGINEERING SURVEY EXHIBIT C TABLE 1 - BUILD-OUT SCHEDULE TABLE 2 - ASSESSED VALUATION EXHIBIT D WATER SERVICE AGREEMENT EXHIBIT E DEVELOPER FEE AGREEMENT EXHIBIT F FINANCING PLAN EXHIBIT G DEBT AMORTIZATION SCHEDULE EXHIBIT H 1997 FINANCIAL STATEMENTS 991650 I. INTRODUCTION A. Summary The Beebe Draw Farms Metropolitan District ( "District" ) , a special district located in Weld County, Colorado, was established by order of the District Court entered on August 20 , 1986 recorded in the County records at Reception No . 02065838 on August 20, 1986, following the County' s approval of the District Service Plan on May 14, 1986 and the District electors ' approval at an organizational election held on August 19 , 1986, pursuant to the provisions of Article 1 of Title 32 , C.R. S. ( "District Act" ) . The. District was organized to provide various services and facilities, including water, streets, drainage, safety protection, parks and recreation, television transmission and relay, transportation, and mosquito control as set forth in the District Service Plan, to the Beebe Draw Farms and Equestrian Center ( "Development" ) , which is now planned for approximately 724 single-family residences with a projected population of 1, 860 permanent residents as more fully described in the P.U.D. Master Plan ( "Master Plan" ) recorded in the County records at Reception No . R-1992773 on December 21, 1984 . The Development is six miles east of Platteville adjoining Milton Reservoir, a Farmers Reservoir and Irrigation Company ( "FRICO" ) water facility encompassing 800 surface acres . Development activity has only recently been commenced because of previously adverse market conditions and financial difficulties experienced by the original developer. During the intervening years, the District has been operational and has 991640 taken actions in anticipation of development, including acquiring real property and other interests in property necessary to provide services and facilities, entering into agreements with FRICO for the recreational use of Milton Reservoir, completing environmental impact studies required by the federal government, purchasing water and installing a water distribution system in accordance with an intergovernmental agreement with the Central Weld County Water District ( "Water District" ) , improving equestrian and other recreational facilities on Milton Reservoir, and performing planning and engineering for other District infrastructure projects, including streets , drainage, and gatehouse and administration building. The District has also made arrangements with the County for offsite road improvements, safety protection services, and coordination of other Development activities . The District has partially implemented the financing plan for the initial public facilities authorized under the District Service Plan by issuing its General Obligation Bonds , Series 1998 ( "1998 Bonds" ) in the principal amount of $2 , 000 , 000 . In general, the District has been administered to fully implement the District Service Plan at such time as actual development commences . Ownership of the Development has been transferred to REI Limited Liability Company ( "Company" ) , a Wyoming limited liability company doing business in Colorado as Pelican Lake Ranch and Investors Limited Liability Company. The Company began marketing lot sales in Filing No . 1 in November 1998 . Building activity started on the first homes in the Development in February 1999 , and the first residents should be living within the District by August 1999 . Following notice to the County, the District commenced the construction phase of completing District facilities for the Development in September 1998 , when contracts were awarded for 991650 2 road and drainage work and water improvements . The initial phase of District construction activity will provide various central facilities, including the entrance to the Development and gatehouse, Beebe Draw Farms Parkway, water transmission and distribution mains, and road, drainage and water improvements for the first phase of development in Filing No . 1 . To accord with current market conditions, the Company has changed its development plan to reflect a more conservative schedule of build-out within the Development . Rather than financing and constructing all public facilities and improvements needed for the Development immediately as anticipated in the District Service Plan, the District now anticipates completing the District facilities in phases paralleling actual building activity, thus providing more efficient and economic services with the District . In order to effect the phased completion of District facilities in an orderly and predictable manner and to revise the financial plan under the District Service Plan to be consistent with current capital needs and market realities, the institutional structure of the District itself must be modified. The powers of the District will not, however, be materially changed. The District submits this Consolidated Service Plan ( "Service Plan" ) pursuant to the District Act to effectuate material modifications to the District Service Plan, including the organization of a new overlapping metropolitan district and changes in the responsibilities of the District for the more efficient administration of services and facilities needed to serve the Development . A description of the public improvements and services to be furnished by the Districts, a preliminary engineering survey, a consolidated financial plan, a summary of proposed intergovernmental agreements, and other information 991650 3 required under the District Act are included in this Service Plan. The implementation of the financial concepts set forth in this Service Plan will require significant commitments by the Company and other developers of the Development . These commitments have been partially satisfied by the execution of the Developer Fee and Water Tap Fee Agreement dated as of December 8 , 1998 ( "Developer Fee Agreement" ) to raise revenue for the funding of public facilities and improvements needed within the Development . The District is, or will be constructing various central facilities and improvements funded by the 1998 Bonds to serve all property within the District . Public facilities and improvements to serve subsequent phases/filings in the Development will be funded by fees paid by developers pursuant to the Developer Fee Agreement and other available funds of the Districts , including without limitation revenue notes or bonds . This Service Plan demonstrates that the Districts will be capable of providing economical and sufficient services to the property within their boundaries . This Service Plan is submitted in accordance with Part 2 of the District Act . As explained herein, the existing District will function as the taxing district primarily responsible for raising revenue to pay the operating, capital , and debt service expenses of the Districts and will be renamed "Beebe Draw Farms Metropolitan District No . 1" ( "District No . 1" ) . A new overlapping metropolitan district will also be organized to function as the service district and will be named "Beebe Draw Farms Metropolitan District No . 2" ( "District No . 2" ) . District No . 2 will be responsible for administering and operating both Districts, furnishing all District services , acquiring and installing all public facilities and improvements 4 991650 needed to serve the Development, and providing intermediate financing for future District projects, as necessary. Any reference herein to the "District" shall mean the existing District, or District No . 1 or District No . 2 , if appropriate; any reference to the "Districts" shall mean both District No . 1 and District No. 2 . The Districts shall have all powers and authorities set forth in the District Act and in this Service Plan. This Service Plan defines the respective responsibilities and authorities of, as well as the limitations and restrictions on, the Districts . The Districts shall cooperate to implement this Service Plan and to discharge, their responsibilities to furnish services and facilities needed for the Development . The failure by either District to perform its responsibilities hereunder shall constitute a material modification pursuant to Section 32-1-207 , C .R. S . , for which the prior approval of the County shall be required. The use and implementation of a consolidated service plan will simplify the dual structure of the Districts, provide for greater coordination of the responsibilities and authorities of the Districts, and avoid confusion regarding the separate but coordinated purposes of the Districts, which might arise if separate service plans were used. Unless otherwise specified herein, general provisions of this Service Plan apply to each District. Where appropriate, specific responsibilities and limitations will be noted for each District. All exhibits, maps and tables referred to herein are included at the end of this Service Plan. Any reference to this Service Plan shall also apply to any amendment , change or modification of this Service Plan approved in compliance with the District Act, if required, or by written agreement between the Districts, or by the County. 5 991650 1 . Dual Districts Structure. District No . 1 will be responsible for levying property taxes and raising other revenue needed to pay operating and debt service expenses, to fund capital improvements, and generally to support the Financing Plan. District No. 2 will be responsible for administering and operating the Districts , furnishing all services, acquiring or installing the public facilities and improvements needed to serve the Development, and providing intermediate financing for future District projects, if necessary. The "Financing Plan" discussed throughout this Service Plan refers to the consolidated financial plan for the Districts , as more fully described in Section VII , which will be implemented to provide the public facilities and services needed for the Development . Because of the interrelationship between the Districts, intergovernmental agreements will be executed by the Districts clarifying the respective responsibilities and the specific functions and services to be provided by each District . The intergovernmental agreements will be designed to assure the orderly provision of public services and facilities and the economic administration of the Districts ' fiscal affairs , resulting in a planned residential community which will be an asset to the County. As a consequence of the integrated structure of the Districts , the information provided within this Service Plan often relates to both Districts . The organization of District No . 2 as the service district to finance, construct and operate the public facilities throughout the Development (unless transferred to the County or another governmental entity) , and the re-structuring of District 6 991650 No . 1 as the taxing district to raise property taxes and other revenue required to pay the costs of operations and debt service, will create several benefits for the Development and for the County. In general, these benefits are : (i) coordinated administration of construction and operation of public improvements and delivery of facilities and services needed for the Development in a timely manner; (ii) maintenance of uniform property tax levies and reasonable tax burdens on all property within the Development through proper management of the financing and operation of public improvements; and (iii) assurance that all public improvements are constructed and paid for in a timely and cost effective manner. Each of these concepts is addressed in greater detail in the following paragraphs . The public facilities and improvements to be financed, acquired, installed and operated by District No . 2 , and the provision of services needed within the Development, will not duplicate or interfere with the improvements and facilities already constructed or planned to be constructed within District No . 1 (or by any other district or governmental agency) , if this Service Plan is implemented in accordance with the terms described herein. In compliance with the provisions of Section 32-1-107 (3 ) , C .R. S . , the Board of Directors of District No . 1 hereby acknowledges its consent to the organization of District No . 2 within the boundaries of the District for the purposes and in accordance with the terms of this Service Plan. 2 . Benefits of Dual District Structure. a) Coordinated Services . As now planned, build- out of the Development will proceed in several phases over the next ten years, each of which will require the extension of public facilities and services . The dual district structure will 7 991650 assure that the construction and operation of each phase of public facilities will be completed in a manner consistent with the Company' s long-term development plan. The use of District No . 2 for financing and constructing each new phase of public improvements needed within the Development and for managing the public improvements and operations not taken over by the County, Water District, or another governmental entity will facilitate the implementation of the Financing Plan, even if timelines change, and will assist in assuring the coordinated provision of services throughout the Development . The dual district structure will also assure that public facilities and services needed for future build-out of the Development will be provided when needed and not sooner. Absent an appropriate mechanism to assure timely completion of future improvements , the District might cause improvements to be financed and completed well before needed simply to assure that the Financing Plan is effected, regardless of economic consequences . Agreements between the Districts and the Company or other developers will provide much of the financing for public improvements which are not needed presently, thereby helping taxpayers to avoid the long-term carrying costs associated with financing such improvements too early. This, in turn, allows the full costs of public improvements to be allocated fairly over the entire Development and avoids disproportionate cost burdens being imposed upon the initial phases of the Development . b) Uniform Property Taxes . Allocation of the responsibility for paying debt for public improvements will be addressed in the consolidated Financing Plan and through development of an integrated operating plan for long-term operations and maintenance of public improvements within the Development not transferred to the County, Water District, or 8 991650 another governmental agency. The dual district structure will help to assure that no area within the Development becomes obligated for more than its share of the costs of public improvements and operations . Intergovernmental agreements between the Districts will assure that property tax levies remain reasonable and uniform throughout the Development . c) Bond Interest Rates . The use of the Districts in tandem to issue future bonds, if necessary, and to finance the costs of public improvements in the Development will assure that all debt is issued at competitive interest rates . The Financing Plan for the Districts anticipates that intermediate financing of future public improvements will be secured by the revenue generated from the Developer Fee Agreement and other revenue available to the Districts . This assures that the risk of development remains with the Company, until such time as it has increased the valuation on property within the Development at the level necessary to pay for the costs of public facilities with reasonable tax levies . The use of a dual district structure allows the Districts to coordinate the timing and issuance of bonds in such a way as to assure that improvements required by the County are constructed when needed. The combination of appropriate management and control of the timing of financing and the ability of the Districts to obtain attractive interest rates will benefit all property owners within the Districts . Consequently, the dual district structure is less risky and may result in lower rates on District bonds than if a single metropolitan district is used,. 3 . Configuration of Districts . In order to implement the dual district structure, the boundaries of the Districts must be carefully configured. A map showing the current boundaries of District No . 1 is provided in Figure 1 in Exhibit A. District 9 991650 No . 1 contains approximately 4, 120 acres . The boundaries of District No. 1 include all land within the Development. A map showing the purposed overlapping boundaries of District No . 2 is provided in Figure 2 in Exhibit A. District No . 2 will contain approximately 3 , 408 acres of platted and unplatted property owned by the Company and located completely within the boundaries of District No. 1, excluding that property in the first phase of development in Filing No. 1 which is now being marketed for sale . The legal description of the property within the present boundaries of District No. 1 is provided in Figure 3 in Exhibit A, and the legal description of the proposed boundaries of District No. 2 is provided in Figure 4 in Exhibit A. A map showing the boundaries of the Districts in relation to the greater vicinity of the County is provided in Figure 5 in Exhibit A. The "service area" (the geographic area which may legally be served) of District No. 2 will consist of the entire area of the Development, including all property within District No . l ' s boundaries . District No. 2 will have the power to impose property taxes only within its legal boundaries but will be authorized to provide public services and facilities throughout the Districts pursuant to this Service Plan and the intergovernmental agreements between the Districts . Additional property may be included in the Districts in accordance with the provisions of the District Act . Under the District Act, the fee owner or owners of one hundred percent (100%) of any property proposed for inclusion may petition the Board of Directors of either District for the inclusion of property into the District. Further, less than all of the owners of an area may petition the District for inclusion, or the Board may adopt a resolution calling for an election on 991650 10 inclusion of the property within such area. A substantially similar process is applicable to the exclusion of property from a special district . In accordance with the procedures set forth in the District Act, property within each new phase of the Development will be excluded from District No . 2 , when such property has been platted, and lot sales have been commenced by the Company or other developers . The Board of Directors of the Districts will have complete discretion to approve inclusions or exclusions without processing an amendment of this Service Plan. 4 . Long-Term District Plan. After all public improvements have been constructed, and all bonds or other debt of the Districts have been paid or payment has been provided for, the electorate of the Districts will have the opportunity to vote upon the consolidation of the Districts into a single consolidated District . At some time, it may be appropriate to consider the dissolution of District No . 2 . Ultimately, control of these decisions will rest with the electorate in each District. Neither District may be dissolved, however, without prior notification to the County and compliance with all provisions of the District Act . 5 . Existing Services and Districts . Other than the Districts, there are currently no other governmental agencies operating within the Development area which have the legal or financial ability to undertake the design, financing and construction of the public improvements needed to serve the Development . The County and other special districts in the Development area, including the LaSalle Fire District ( "Fire District" ) , do not consider it financially feasible or practicable to provide the public facilities and improvements needed for the Development . Consequently, the organization of the Districts is necessary for the provision of public 991650 11 improvements and services in the Development and for the development of the property itself . The re-structuring of District No. 1 and the organization of District No . 2 will have no legal effect upon, or change the rights, liabilities, or obligations of District No. 1 under the terms of existing agreements, including the Agreement for Water Service, dated June 27 , 1995 ( "Water Service Agreement" ) with the Water District . Water service will be provided to the Development in accordance with the terms of the Water Service Agreement . The District may enter into intergovernmental agreements with the Fire District . In order to minimize the proliferation of governmental activities, District No . 2 will operate and maintain the public facilities and improvements within the Development in accordance with intergovernmental agreements with District No . 1 . Operations and maintenance of some public improvements, including water, street and traffic safety, will be the responsibility of the County cr Water District after the completed improvements have been transferred to such agencies . The timing and conditions for transfer of such improvements will be established by the County and Water District . B. General Information and Assumptions The projected resident population of the Districts at build-out of the Development is 1, 860 persons . The projected total valuation of all taxable property within District No . 1 at build-out of the Development is approximately $181, 000 , 000 with an assessed valuation of approximately $20 , 000 , 000 . The 1999 assessed valuation of all taxable property within the boundaries of District No . 1 is $6, 755 , 200 . No resident population is anticipated within District No . 2 . The initial assessed valuation of the taxable property within District No . 2 is 991650 12 estimated to be approximately $16, 000 . As development occurs within District No . 2 , improved property will be excluded from the District, and the total assessed valuation of property within the District will decrease . The anticipated costs of public improvements needed to serve the Development are substantial and are estimated in Table 1 in Exhibit B. Funding for capital costs will be provided from developer fees, water connection fees, and other available revenue of the Districts . The Districts may obtain financing for the public improvements, if necessary, through the issuance of general or limited tax obligation bonds or other debt instruments of District No . 1, including the issuance of notes or tax pledges to District No . 2 pursuant to the intergovernmental agreements between the Districts, or from revenue bonds, anticipation notes, or other instruments issued by the Districts and secured by revenues generated under the Developer Fee Agreement . District No. 2 may enter into funding agreements with the Company or other developers tc fund the costs of public improvements needed for subsequent phases of the Development. The revenue forecasts set forth in the Financing Plan were based upon various development assumptions made by the Company. For purposes of this Service Plan, a reasonable growth scenario has been used to develop the Financing Plan. The Financing Plan is predicated upon a cash funding scenario which may be used by the Districts to finance the costs of public improvements :needed for subsequent phases of the Development. At the time public improvements are actually needed, alternative financing plans may be more beneficial and may be implemented by the Districts, as appropriate . Use of an alternative financing plan will not require an amendment of the Service Plan but shall be subject to the other requirements set forth in Section VIII . 13 991650 With the financial support provided by the Company and other developers through the payment of developer fees , the Financing Plan demonstrates that the costs of public improvements needed for subsequent phases of the Development can be financed economically with reasonable property tax levies not exceeding 40 mills . The projections and estimates set forth herein relating to the costs of public facilities and operations will not constitute limitations on the financial powers of the Districts; provided, however, that the Districts shall not be permitted to issue bonds which are not in compliance with State law and the provisions of this Service Plan, including without limitation Section VIII . The Financing Plan demonstrates that the risks associated with the construction of public improvements needed within subsequent phases of the Development will be borne initially by the Company and other developers through payment of the developer fees . The responsibility for payment of a portion of the costs of public facilities will be shifted incrementally to all property within District No . 1 as development occurs, and the total assessed valuation of property within the District increases . The County will have no responsibility for any debt of the Districts . Additionally, the County can be assured that there are legal and financial controls on District indebtedness, which operate to limit the taxes that property owners within the Development will be expected to pay. Under the District Act, a district cannot incur general obligation indebtedness payable from property tax revenues in excess of fifty percent (50%) of its valuation for assessment, unless such indebtedness is rated or insured, or unless the mill levy from which it is payable is 991650 14 limited. The maximum tax levy of the Districts for operations and debt service is projected to be 40 mills . In addition, State securities laws do not allow exemption from registration for district indebtedness not meeting minimum requirements . Finally, the current public market for municipal securities is extremely cautious with respect to district general obligation indebtedness and demands relatively low debt-to-valuation ratios . It should be noted that any general obligation indebtedness, including the 1998 Bonds, is secured by a tax levy without limit as to rate or amount, which must be sufficient, together with other available revenues, to pay debt service. The outstanding principal amount of the 1998 Bonds is $2 , 000 , 000 . C . Contents of Service Plan This Service Plan consists of a Financing Plan and preliminary engineering survey showing how the public facilities and services for the Development can be provided and financed by the Districts working in tandem. The Financing Plan revises , modifies and replaces the original financing plan set forth in the District Service Plan. Other information is included in this Service Plan in compliance with the requirements of Part 2 of the District Act . The assumptions contained within this Service Plan were derived from a variety of sources . Information regarding the present status of property within the Districts, as well as the current schedule of development, was obtained from the Company. Construction cost estimates for most public facilities were developed by Milestone Engineering or J.L. Walter Consulting Engineering for water improvements . Legal consultation, including drafting of this Service Plan, has been provided by the law firm of Collins and Cockrel, P.C . Financial recommendations 15 991650 and advice relating to the issuance of the 1998 Bonds were provided by Bigelow and Company and James Capital Advisors, Inc . The District auditor is Van Schooneveld and Co. , Inc . D. Modification of Service Plan This Service Plan has been drafted with sufficient flexibility to enable the Districts to provide the public services and facilities currently anticipated for the Development under evolving circumstances without the need for numerous amendments in the future . While the assumptions upon which this Service Plan are generally based are reflective of the Master Plan for the Development, the cost estimates and Financing Plan are sufficiently flexible to enable the Districts to provide necessary services and facilities without the need to amend this Service Plan as actual development occurs , whether or not the Master Plan itself changes . Modification of the general types of services and facilities , and changes in proposed configurations, locations, quantities, dimensions, or costs of various facilities and improvements, shall be permitted to accommodate actual development needs consistent with the Master Plan, without further amendment of this Service Plan. II. NEED FOR NEW DISTRICT AND GENERAL POWERS A. Need for New District District No . 2 will be organized to assure that public facilities and improvements needed to serve subsequent phases of the Development will be financed and installed in a timely, efficient, and economical manner as development occurs . District No . 1 will continue to be responsible for financing the various central facilities needed to serve the entire Development and for 991650 16 funding operations and outstanding debt service. Installation, operations and maintenance of water, drainage, streets, safety protection, landscaping, transportation, cable television, and park and recreation improvements will initially be provided by the Districts, some of which will then be transferred to the County or Water District in accordance with the intergovernmental agreements referred to in Section V. B. General Powers of Districts The Districts will have all powers and authorities granted under the District Act to provide the services and facilities described in this Service Plan both within and outside District boundaries . The powers and authorities of the Districts will be allocated and further refined in intergovernmental agreements between the Districts , a general summary of which is set forth in Section V. For purposes of the District Act, the making or amendment of the intergovernmental agreements shall not constitute a material modification of this Service Plan. They will, however, be binding and enforceable agreements between the Districts regarding implementation of the authorities set forth in this Service Plan. The Districts shall have authority to provide the following services and facilities, all of which shall be in conformance with the standards and specifications of the County or Water District, if applicable: 1 . Streets and Drainage. The design, acquisition, installation, construction, operation, and maintenance of arterial, collector and access streets and other roadway improvements within and outside District boundaries, including without limitation curbs and gutters (if needed) , culverts , storm 991650 17 sewers and other drainage facilities, detention ponds, retaining walls and appurtenances , as well as bridges, parking facilities , paving, lighting, grading, landscaping, undergrounding of public utilities, gatehouses, entrance buildings, and other street improvements, together with all necessary, incidental, and appurtenant facilities, land and easements, and all necessary extensions of and improvements to such facilities . 2 . Traffic and Safety Controls . The design, acquisition, installation, construction, operation, and maintenance of traffic and safety protection facilities and services through traffic and safety controls and devices on streets and roadways , as well as other facilities and improvements, including without limitation signalization at intersections, traffic signs, area identification signs, directional assistance, driver information signs, and contractual arrangements with the County Sheriff or Fire District for safety protection and other incidental purposes, together with all necessary, incidental, and appurtenant facilities, land and easements, and all necessary extensions of and improvements to such facilities . 3 . Parks and Recreation. The design, acquisition, installation, construction, operation and maintenance of public park and recreation facilities or programs, including without limitation grading, soil preparation, sprinkler systems, playgrounds, playfields , golf courses, tennis courts , swimming pools , bike, hiking and nature trails, nature corridors, pedestrian and equestrian trails, bridges, picnic areas , lakes, marinas, open space, landscaping and weed control, outdoor lighting of all types, recreation and equestrian facilities , community buildings, and other recreational facilities , together with all necessary, incidental and appurtenant facilities, land 991650 18 and easements, and all necessary extensions of and improvements to such facilities or systems . 4 . Water. The design, acquisition, installation, construction, operation and maintenance of water lines, hydrants, water treatment, storage and distribution facilities , storage reservoirs, water rights, and all necessary or proper equipment and appurtenances incident thereto, together with all necessary, incidental and appurtenant facilities, land and easements, and all necessary extensions of and improvements to such facilities or system. 5 . Miscellaneous Authorities . The design, acquisition, installation, construction, operation and maintenance of : (i) transportation systems by bus, rail, or any other means, including without limitation services and facilities authorized under the District Act; (ii) services and facilities for the elimination and control of mosquitoes ; and (iii) television relay and translator systems and other electronic or cable facilities . 6 . Other Services . The Districts may provide other services and facilities authorized under the District Act or by law, without limitation, if needed to serve the Development and not otherwise provided by the County or another governmental agency within the area. 7 . Legal Powers . The powers of the Districts to provide the services and facilities contemplated in this Service Plan will be exercised by the Board of Directors of each District as applicable . The authorized facilities and services , along with all other activities permitted by law, will be undertaken in accordance with, and pursuant to the procedures and conditions 19 991650 contained in the District Act, other applicable statutes, and this Service Plan. 8 . Other. In addition to the powers and authorities enumerated herein, the Board of Directors of each District shall also have the following powers : a) To amend this Service Plan as necessary, subject to compliance with all statutory procedures set forth in the District Act, including by providing written notice to the County pursuant to Section 32-1-207, C .R. S . , of actions which either District believes is permitted by this Service Plan but which may be unclear . In the event that the County determines not to enjoin any such activity, such determination shall constitute agreement by the County that such activity is within the scope of this Service Plan. Each District shall have the right to amend this Service Plan independent of any participation by the other District; provided, however, that neither District shall be permitted to amend those portions of this Service Plan which materially affect, impair, or impinge upon the rights or powers of the other District without the other District ' s consent; and b) Subject to all provisions of the intergovernmental agreements between the Districts , to revise, reschedule, or restructure the financing and construction of various public improvements and facilities in order to accommodate the rate of growth within the Development, costs of public improvements, and inclusion of property into the Districts , or the provision of any public improvement and facility by another entity; and 99165° 2O c) To provide all additional services and facilities and exercise all powers as are expressly or impliedly granted by the District Act or other State law, and which the Districts are required to provide or exercise or, in their discretion, choose to provide or exercise; and d) To exercise all necessary and implied powers under the District Act . III. DESCRIPTION OF FACILITIES AND IMPROVEMENTS District No . 1 has previously financed, acquired, and installed, or is currently constructing the central facilities and improvements needed to serve the initial phase of the Development, including the Beebe Draw Parkway, other streets and drainage facilities, entrance and gatehouse, traffic and safety controls, signage, offsite water transmission main, water distribution lines, water rights, community building, hiking and equestrian trails, marina and related water and recreation facilities . District No. 2 will exercise its statutory powers and the authority set forth in this Service Plan to finance, acquire, construct, install, operate and maintain the other public facilities and improvements needed to serve subsequent phases of the Development as described in this Service Plan, either directly, by contract, or by acquisition from the Company or other persons . District No . 2 will complete the public facilities which are to be transferred to and operated by the County and Water District . Where appropriate, the Districts will contract with various public and/or private entities to undertake such functions and activities , including without limitation the Water Service Agreement; subdivision improvement, law enforcement and other intergovernmental agreements with the County; and 991650 21 acquisition and reimbursement agreements with the Company or other developers , if necessary. General information for each type of public improvement needed for the Development is set forth in the following pages . It is important to note that the engineering information contained in this Service Plan is preliminary in nature, and that modifications to the type, configuration, and location of public improvements may be necessary as development progresses . All public facilities and improvements within the Development will be designed and installed in such manner as to assure that the facility and service standards will be compatible with those of all affected governmental agencies and utility providers, particularly the County and Water District . For example, County road design and construction standards have been followed in designing all District street and drainage projects, and water transmission and distribution mains have been designed and constructed in accordance with the Water District ' s regulations . There follows a general description of the public facilities and improvements which will be financed and constructed by the Districts . A. General Construction of all public facilities and improvements will be engineered and scheduled to allow for proper sizing and phasing consistent with the need for service within each phase of the Development . All descriptions of specific facilities and improvements to be constructed and their related costs are estimates only and are subject to modification as actual engineering design, development plans, market conditions, 22 991650 governmental requirements , and construction scheduling may require. B. General Design Standards All public facilities and improvements within the Development will be designed, installed, and operated by District No . 2 in conformance with current codes, standards, and regulations adopted by the County, Water District, Fire District, or District itself . Design and contract documents prepared for improvements will be approved by District No . 2 and will be implemented in accordance with all codes, regulations, standards, specifications, and procedures of each applicable governmental agency. If design standards become more stringent, the developer fee may be increased to pay for the additional capital costs of District facilities . 1 . Street System and Traffic Safety. a) General . The Districts will construct the arterial and collector streets and roadway system needed to serve the Development . The existing and proposed elements of the street system will provide a network of arterial and collector streets and roadways to accommodate anticipated traffic within and surrounding the Development interconnecting with existing County roads in the area. The improvement of offsite County roads within the area, as may be required by the County to provide adequate traffic circulation to the Development, will be completed in accordance with intergovernmental agreements with the County. All streets, regardless of classification, and related facilities will be designed and installed in accordance with current County standards and specifications . 991650 23 b) Streets . Public streets will be designed and installed to conform to the standards and recommendations of the American Association of State Highway and Transportation Officials, the Colorado Department of Highways (if applicable) , County standards and specifications, and any rules and regulations adopted by the Districts . The rights-of-way for and the widths of streets within the Development shall be as set forth in the Master Plan and in the subdivision plats for the individual filings of the Development as approved by the County. c) Landscaping. Landscaping may be installed by the Districts along portions of the arterial and collector road rights-of-way. The Districts may install and maintain landscaped highlights within the Development, including entry features at major entrances . Additional landscaping features may be installed and maintained by District No . 2 . d) Signals and Signage. Traffic controls and signage will be provided along streets to enhance the flow of traffic within the Development . Streetlights may be installed by the Districts at the intersections of arterial and collector streets or County roads . All improvements will be installed by the Districts as required by County regulations . 2 . Storm Drainage . Generally. The Districts will install the necessary storm drainage systems to serve the Development in accordance with County development regulations . The storm drainage system includes ponds, culverts, and curb and gutter ( if necessary) designed and installed in accordance with County standards and sound engineering judgment . The Districts will design and install storm drainage improvements within the 24 991650 Development, except for site improvements for individual development parcels , which will be the responsibility of the Company or other developers . All major storm drainage facilities will be designed to conform to the standards and recommendations for drainage improvements using County design criteria and if applicable, regulations of FRICO. a) Culverts . Culverts , including box culverts , will be installed under all roadways that intersect storm drainage channels in accordance with County regulations . Culverts will be designed to pass flows as required and may include headwalls , wing walls, inlet structures, and riprap protection to enhance hydraulic capacity and reduce bank or channel erosion. b) Drainage Plan. A drainage plan will be prepared that will identify all facilities necessary to convey storm runoff from the Development . This plan will include all infrastructure required to convey storm water flows generated within the Development. This plan will maintain the flexibility to modify drainage facilities as more detailed information is generated during the design of the individual phases of the Development . The drainage plan may include the utilization of storm sewers , drainage channels, ponds, streets, and culverts . 3 . Water System. The water system within the Development is interconnected to and part of the water transmission and distribution system of the Water District and will be operated and maintained by the Water District in accordance with the Water Service Agreement . Water lines and hydrants will be designed and installed to conform with the current standards and specifications of the Water District and then transferred to the Water District for future operation and 991650 25 maintenance . The water system required for the Development will be installed by District No . 2 . 4 . Transit System. There is no specific transportation plan for the Development currently, but the Districts are authorized to furnish transportation services and facilities, if subsequently needed and financially feasible . 5 . Park and Recreation. The Districts will acquire, construct, develop, maintain, and operate parks and recreational facilities, including hiking and equestrian trails, open space, nature corridors, various aquatic facilities including a marina on Milton Lake and improvements to Lake Christina, clubhouse, swimming pool, and tennis courts , during build-out of the Development . Major equestrian facilities are not currently planned but may be provided by the Districts, if subsequently needed and financially feasible, or may be provided through a contract service provider. If there is sufficient public demand in the future and available land and if it is economically feasible, the Districts may, perhaps in cooperation with other governmental agencies, develop a public golf course and related facilities, subject to compliance with County site approval requirements . Great Outdoors Colorado and Conservation Trust Fund revenues could be applied for such purposes . All park and recreational facilities and/or services will be constructed in accordance with plans and specifications established by District No. 2 . All park and recreational facilities will be constructed in accordance with engineering and design requirements appropriate for the facility and shall comply with County building codes, uniform fire codes, and the standards of other governmental agencies, if applicable. 26 991650 C . Estimated Costs of Facilities The estimated costs of the public facilities and improvements to be constructed, installed and/or acquired by the Districts within the Development are $20, 596 , 084 as shown in Table 1 in Exhibit B. The estimated costs of other public infrastructure to be constructed, installed, and/or acquired by the Districts to serve the Development are not known at this time . The engineering analysis and estimates of public infrastructure costs for the Development constitute the preliminary engineering survey of the District facilities and improvements and may be modified, changed and revised as necessary to provide the public infrastructure needed for the Development without any amendment of this Service Plan. IV. DEVELOPMENT PROJECTIONS The Company has projected the various phases and build-out of the Development based upon present market conditions . The build-out schedule is set forth in Exhibit C . V. PROPOSED AND EXISTING AGREEMENTS A. District Intergovernmental Agreements As noted in this Service Plan, the relationship between District No . 1 and District No . 2 , including the terms for financing, constructing, and operating the public services and improvements needed to serve the Development, will be established in one or more intergovernmental agreements . A copy of each intergovernmental agreement between the Districts shall be provided to the County within thirty (30) days after execution. The intergovernmental agreements will provide comprehensive 27 991650 procedures and requirements for the payment of : (i) the capital costs of the public improvements, including payments to the Water District and other governmental agencies; (ii) administrative, operational and maintenance expenses of the Districts ; (iii) costs of issuance of District bonds, debt service, and related financing expenses of the Districts, and (iv) for the construction, acquisition, operation and maintenance of all facilities and services needed for the Development and the administration of District affairs by District No . 2 . District No. 2 will be responsible under the intergovernmental agreements for contracting for and supervising the acquisition and construction of all public facilities and improvements needed for all subsequent phases of the Development, including the preparation of engineering plans and specifications and public bidding and contracting with contractors . Upon completion of the public improvements, District No . 2 shall be responsible for their operation and maintenance, until such time as any improvement is transferred to the County, Water District, or another governmental agency. District No . 2 shall be responsible for management, record-keeping, and financial planning services for the Districts, as well as operating or contracting for the operation and maintenance of the public improvements . In addition to payments for financing a portion of the public improvements within the Development, District No . 1 shall pay District No . 2 for operating and maintaining the improvements and administering the affairs of the Districts and any major repairs or replacements of the improvements ( "service costs" ) . District No. 1 will pay the service costs in accordance with the terms of the intergovernmental agreements . 9911. 28 B. Water Service Agreement The District entered into the current Water Service Agreement with the Water District on June 27 , 1995 , terminating the prior agreement dated October 30 , 1985 . A copy of the Water Service Agreement is included in Exhibit D. The Development has now been fully included within the service area of the Water District, Northern Colorado Water Conservancy District ( "Northern District" ) , and Municipal Subdistrict . Consequently, the District has acquired, and will continue to acquire interests in Northern District water (including Colorado-Big Thompson Project water) at market prices . After acquisition, the water interests are transferred to the Water District to be used as the permanent water supply for the Development . This arrangement secures a reliable and economic long-term water supply for the District and all property within the Development . In accordance with the terms of the Water Service Agreement, the District is required, at its expense, to install the water transmission and distribution system and all appurtenant facilities necessary to serve the Development. The water system improvements must meet the Water District ' s technical standards . After completion, the water system improvements are transferred to the Water District for operation and maintenance . The Water District operates the water distribution system within the District in accordance with its general standards , providing services and charging customers directly for such services . The Districts may also assess fees and charges to users to recover capital costs incurred to furnish water to the Development . 991650 29 C. County Intergovernmental Agreement The Districts may enter into intergovernmental agreements with the County with respect to the installation, operation and dedication of streets, drainage, offsite road improvements, safety and other facilities, and service arrangements for the Development, including the County Sheriff or Beebe Draw Law Enforcement Authority ( "LEA" ) , if appropriate. In accordance with the terms of the Law Enforcement Agreement dated December 17 , 1998 , the County and County Sheriff have contracted to perform certain law enforcement protection services within the LEA boundaries funded by a seven (7 ) mill tax levy. If permissible, the Districts may in the future contract with the LEA to fund additional levels of law enforcement services necessary for the operation and protection of the facilities of the Districts . The Districts will comply with all County codes, regulations, standards, and specifications applicable to the public facilities and improvements to be installed by the Districts . D. Developer Fee Agreement The District entered into the Developer Fee Agreement with the Company on December 8 , 1998 . A copy of the Developer Fee Agreement is included in Exhibit E. The Developer Fee Agreement is the primary source of funding for capital facilities and improvements needed to serve subsequent phases of the Development. Under the Developer Fee Agreement, the Company and other developers are obligated to pay a developer fee in the amount of $15, 500 per lot on or before the date of transfer and/or sale of each lot. There is a schedule for payment of developer fees in the first phase of the First Filing of the Development . The District may increase the amount of the 991650 30 developer fee as necessary to fund the costs of the capital improvements needed for subsequent phases of the Development, including additional costs caused by more stringent County design standards . Until the developer fee is paid, the developer fee constitutes an unconditional obligation of, and lien upon each lot within the Development . E. FRICO Agreement The District entered into the First Amendment to Grazing and Recreation Lease ( "FRICO Agreement" ) with FRICO on January 1, 1989, amending the Grazing and Recreation Lease dated March 4 , 1987 with Beebe Draw Land Company, Ltd. The District has effectively assumed all rights and liabilities under the FRICO Agreement to manage recreational use on Milton Reservoir for District residents and guests . There are certain limitations upon the type of recreational uses (e . g . , motorized boating not greater than ten horsepower and restrictions upon water skiing) , but most aquatic recreation is authorized. The District pays FRICO an annual rental fee through the term of the lease (December 31 , 2016) . A hunting sublease has also been entered into for the same term, which reduces the annual lease rental expense to approximately $3 , 000 . F. Other Agreements/Authority To the extent practicable, the Districts may enter into additional intergovernmental and private agreements to ensure the long-term provision of the public improvements and services needed for the Development and for effective management of District affairs , including without limitation the Fire District . Agreements may also be executed with the Company, other 991650 31 developers, property owner associations, and other service providers . VI. OPERATION AND ADMINISTRATION COSTS Initial costs of operations and general administration of the Districts are set forth in Table No . 1 below; these costs have been estimated based in part upon actual District expenditures for prior fiscal years and are presented in the Financing Plan set forth in Exhibit F . A copy of the most recent audited financial statements of the District for the period ending December 31 , 1997 is included in Exhibit H for informational purposes . Increased costs of operations and administration, including supplemental snowplowing and employee expenses, will be funded by user fees, other operational fees , and general revenue sources available for such purposes, as determined by the Board of Directors during the annual budgeting process . The District will not be responsible for maintenance costs associated with public roads or the water system. The Financing Plan demonstrates that anticipated cash reserves will be sufficient to fund costs of major repairs or replacement of District facilities . Bonds could also be issued to fund such capital costs . TABLE NO . 1 INITIAL OPERATIONS AND ADMINISTRATION COSTS Administration $ 4 , 500 Audit 4 , 000 Director fees 800 Insurance 3 , 800 Lake lease (net) 3 , 000 32 991650 Legal 8 , 000 Operations and maintenance 23 , 000 Utilities 1, 400 Emergency Reserves 1 , 500 Total $ 50 , 000 VII. FINANCIAL PLAN The consolidated Financing Plan is set forth in Exhibit F and shows how the proposed public services and facilities may be economically financed and operated by the Districts . The Financing Plan includes projected revenues derived from ad valorem property taxes collected within District No. 1 and the Developer Fee Agreement, together with other revenue annually through 2007 and then for the ten-year period through 2018 . The intergovernmental agreements between the Districts will provide that the obligation of District No. 1 to pay District No . 2 for the costs of financing the public improvements needed for the Development and for operating expenses incurred for the provision of services within the Development will constitute voter-approved financial obligations of District No. 1 . Accordingly, property tax levies certified to make necessary payments to District No . 2 may be characterized as financial obligations exempt from spending limits under Article X, Section 20 of the Colorado Constitution ( "TABOR" ) . District No . 2 may issue revenue or bond anticipation notes to fund the costs of the public improvements , until such time as it is able to collect revenues from District No . 1 or pursuant to the Developer Fee Agreement . Any funds advanced by the Company or other developers will be reimbursed from available revenue sources . 991650 33 The Financing Plan includes debt repayment for the outstanding :_998 Bonds (maturing in 2018 with a net effective interest rate of 6 . 78%) and shows how the financial operations of the Districts will be integrated. The Debt Amortization Schedule is included in Exhibit G. District No. 2 may issue revenue anticipation notes or bonds secured primarily by the revenues generated under the Developer Fee Agreement and property taxes collected by District No . 1 . District No . 1 may issue notes or pledges to District No . 2 secured by property tax levies to fund the acquisition and installation of other major facilities needed to serve the Development . District No . 1 may pledge or assign its right to receive the revenue generated under the Developer Fee Agreement, in whole or part, to District No . 2 to secure its revenue bonds . Revenue from such sources and other available funds will be used to retire the District bonds and other debts . Pursuant to electoral approvals given at public elections held on November 4 , 1993 and November 5 , 1996 , District No . 1 is presently authorized to issue additional general obligation indebtedness in the principal amount of $2 , 650 , 000 ( "Authorized Debt" ) for the following purposes : (i) water ($925 , 000 ) ; (ii) streets and drainage ( $975, 000 ) ; and (iii) park and recreation ( $750 , 000 ) . District No . 1 may issue the Authorized Debt for any authorized purpose as may be necessary to complete the capital facilities and improvements needed to serve the Development; provided, however, that no Authorized Debt shall be issued after twenty (20) years following the date of the public election. No provision of this Service Plan shall be construed to restrict the issuance by either District of limited tax obligation bonds with a tax levy of 50 mills or less , revenue bonds or notes , or other obligations which do not constitute a general obligation debt of the Districts, except for the Authorized Debt . The Financing Plan illustrates that adequate revenue will be available from 34 991650 various sources for the payment of debt issued to provide public infrastructure for the Development, thus reducing the risk of excessive property tax levies . Other f=:nancing plans may be implemented, if subsequently determined by the Board of Directors of the District to be in the best interests of the Districts . The Districts shall, without limiting other financing alternatives, be entitled to modify the structure of the Financing Plan by causing District No . 2 to obtain financing directly from the Company, other developers , financial institutions, or accredited investors ; provided, however, that any such borrowing shall comply with the requirements of State law. For example, District No . 2 shall be entitled to obtain funding directly from the Company or other developers and agree to repay and reimburse such entities from revenues generated under the Developer Fee Agreement or from other available funds of the Districts . The Districts shall also be entitled to issue contingent repayment obligations in amounts which exceed the Authorized Debt on condition that the provisions of such contingent repayment obligations are in compliance with State law and are subject to all legal limitations for issuance of general obligation debt . The Districts shall have the authority to utilize excess property valuation/debt capacity which may be developed within the Districts , if the projections incorporated into the Financing Plan are more conservative than actually realized within the Development . All projections in the Financing Plan are stated in 1999 dollars adjusted for inflation (3 . 5% per annum) , as applicable . Upon approval of this Service Plan, the Districts will continue to develop and refine the cost estimates for the public improvements contained herein and prepare for financing such improvements . All cost estimates will be inflated to current 991650 35 dollars at the time of actual financing and construction. All construction cost estimates assume construction in compliance with local, state or federal requirements . The total estimated costs of all public facilities and improvements and related financing and organizational costs are $25, 460 , 704 (in 1999 dollars) , as more completely set forth in Figure 1 in Exhibit C . The Districts shall have the authority to issue (or incur) general or limited tax obligation indebtedness , revenue debt, and other debt obligations in amounts sufficient to finance and construct the public facilities and improvements authorized under this Service Plan, if greater than such estimated costs , without the need to seek approval of the County for any modification of this Service Plan. The Districts shall also be permitted to seek debt authorization from their electorates in excess of this amount to account for contingencies or other unforeseeable costs . Reasonable modifications of all facilities and cost estimates shall likewise be permitted. Final determination of the amount of debt for which approval will be sought from the Districts ' electorates will be made, from time to time, by the Board of Directors of each District based on then current estimates of construction costs, issuance costs, and contingencies . Authorization to issue bonds and enter into the various agreements described herein will be sought from each District ' s electorate pursuant to the terms of the intergovernmental agreements between the Districts , District Act, and Colorado Constitution. In addition to ad valorem property taxes and developer fees , which may be increased to fund the costs of capital improvements , the Districts may also rely upon various other revenue sources authorized by law in order to offset anticipated or increased expenses of construction, operations and maintenance . These 991650 36 include the power to assess fees, charges, rates, tolls, or penalties as provided in the District Act . The Districts will receive restricted revenue from Great Outdoors Colorado and the Colorado State Lottery into the Conservation Trust Fund to support recreational programs and facilities, including facility repair and replacement reserves . Projections in the Financing Plan are based upon average State distributions to districts during the 1998 fiscal year. The Financing Plan has been developed without reliance upon all possible sources of revenue available to the Districts, but this does not preclude the Districts from implementing any revenue source legally available to the Districts . The Financing Plan does not project any significant accumulation of fund balances which might represent receipt of revenues in excess of expenditures under TABOR. It is anticipated that certain operations of the Districts may, under some circumstances, qualify as "enterprises" under TABOR. If District operations do not qualify as enterprises under TABOR, revenues from all sources which exceed the permitted level of expenditures in a given year will be refunded to taxpayers, unless a vote approving the retention or "de-Brucing" of such revenues is obtained. District No . 1 has already accomplished such "de-Brucing" , and District No . 2 will do the same at its organizational election, so that fluctuations in revenues from year to year do not create a TABOR refund problem. To the extent annual District revenues exceed expenditures without prior voter authorization, the District will comply with the provisions of TABOR and either refund the excess or obtain voter approval to retain such amounts . In the discretion of the Districts, the Districts may set up enterprises or other qualifying entities to manage, fund, construct and operate facilities , services , and programs . To the extent allowed by law, any entity created by 37 991650 the Districts will remain under the control of its Board of Directors . The estimated costs of the public facilities and improvements to be constructed and installed by the Districts , including the costs of acquisition of land, engineering, legal , administrative services, initial proposed indebtedness, and other major expenses related to such facilities and improvements, are set forth in the Financing Plan. For full build-out of the Development, capital costs are not expected to exceed $20 , 596 , 084 . The Financing Plan for District improvements is based upon developer fee revenue generated by build-out of the Development . If build-out does not occur as anticipated (the absorption estimates in the Service. Plan are considered to be conservative) , then District improvements will be deferred or phased to coincide with actual development, and unnecessary capital expenditures will be avoided. This Financing Plan is more practicable and financially feasible than the financial plan in the District Service Plan, because construction phasing is tied to build-out of the Development, and large principal amounts of general obligation debt will not be incurred to finance the District improvements, eliminating the risk of unlimited tax levies . Organizational costs of District No . 2 are estimated to be approximately $35, 000 . The maximum principal amount of Authorized Debt will not exceed $2 , 650 , 000 , and the maximum interest rate of Authorized Debt will not exceed ten percent ( 10%) . The proposed maximum underwriting discount will not exceed three percent (3% ) . It is estimated that the Authorized Debt, if issued, will mature not more than twenty (20) years from date of issuance, with the first maturity being not later than three (3 ) years from the date of issuance pursuant to the District Act . 991650 38 The assessed valuation of all improved property within the Development is projected to increase to approximately $18 , 000 , 000 at build-out. The assessed valuation of all taxable property within the Development is projected to increase from the present level of $6 , 755 , 200 (1999) to over $20 , 000 , 000 at build-out . The projected assessed valuation of property within the Development was based upon present property tax information provided by the County Assessor and present State tax law. The maximum property tax levy of District No . 1 is not expected to exceed 40 mills . District No . 2 is not expected to have a separate property tax levy. The Financing Plan clearly demonstrates that, at the various projected levels of development, the Districts will have the ability to finance and pay for the public improvements and services needed for the Development and will be capable of discharging all existing and proposed debt of the Districts on a reasonable basis with reasonable property tax levies . No funds or assets of the County shall be pledged as security for the repayment of debt issued by the Districts . VIII. OTHER REQUIREMENTS The Districts shall be subject to the following additional requirements : 1 . Unless subsequently requested by written notice from the County, the Districts shall not be required to file annual reports as described in Section 32-1-207 (3 ) , C .R. S . 2 . Material modifications of this Service Plan, except as contemplated herein, shall be subject to approval by 991650 39 the County in accordance with the provisions of Section 32-1-207 , C . R. S . IX. CONCLUSIONS It is submitted that this Service Plan establishes, as required by the District Act, that : a) There is sufficient existing and projected need for organized service in the area to be served by the Districts; b) The existing service in the area to be served by the Districts is inadequate for present and projected needs; c) The Districts are capable of providing economical and sufficient service to the area within its boundaries (and within the service area) ; and d) The area included in the Districts (and within its service area) does have, and will have, the financial ability to discharge the proposed indebtedness on a reasonable basis . Therefore, it is requested that the Board of County Commissioners of Weld County, Colorado, who have jurisdiction to approve this Service Plan pursuant to Section 32-1-203 , C .R. S . , adopt a resolution that approves this consolidated Service Plan for the Districts as submitted. 991650 40 EXHIBIT A [FIcuRE 1 - MAP OF DISTRICT NO. 1] 991650 III) w: E m R�1% Fl 011'4, G. ,. .4 2 r r.,,„„..,_ c\, , . , __, ,...0 . , . . ...il. -,,, ,- Cn I r s 1!!77 Z Cr) _g Z— off.- 1 r- I II;-4a $ / s N z_ - +-) I CL.Y i / ( g =,, / W I N I CE,--I-''-t) 4 I Pa o m z o M Y 1 I ,6 a rS 0i a ,,.t < In N I .ti I o c H _ LN 1 DI m1 i o N W N O 1 /i 11,' ?l g z O 1—'.1 l H"CI (,-.\,..., J V 1�[�I1; Y III O Z 0 I �I ii r_�+i , f L Cl) �--1 l( -' v I l� - P4 0 M w \I� ...-- I� , -\\ C-'' N 17 W11 U ( ----;`?I o y�1�1 II I a cg r/ O Z \\ II = re a I % __ W I to ,. I/ .O i c P4 N 8 W I I( z ii z Q] 2 0 I ) cn `\\ ' I 3 W L W \I� I I ,i S/ ,I I I � 6£ 'ON (VON AUNf100 013M EXHIBIT A [FIGURE] 2 - MAP OF DISTRICT NO. 2] 991650 p N llu1uJ)J e Eg z P I a S 1 0 $_ z oA vg — T _ _ _ _ _ _ _ _ _ T _ I Al ' 2 l/I ' 5 =Y- W w I I --o / L C.,--l- / o m z o I I x m o l o I I I a ig " i I I g I C9 al It o E� — _L" _ _ _ ✓ �_ If, ^M47,,atatetatnatettnt-MMt L) '. --i C/) I ; ; •`tt:t z:•c:::°c::: ::.w. ac::c t i H W � - �I m ::A x:0:::3 ?i„.ak,:oaaa\oao 1--� ~ W o Il o z ::...,,,.. .aaea\.�•.-,.. 3ai$:�o°oa��� 3 m IIJJ w 11 `.aOJN.�WtUmMU �OJO.$`�tpaOJ�.�`aaaaa`\`O 1k____?000aoa••,,.�o�oc�~��aw`Wh,,s`�".`a -8f ,� ...`.aao.....,,a u,: :0,kr4 K. x _ J -- pg o`o aa.•a000a..aaaa`o.$ ..3eg �`a m , /�— z2 I SOo�;:o���o°�c�a:��.`��o` .�.a``aZ�a�.�F�-��� E"4 n w i / 4 `° °: k•kts.kveta kkukks:�S k" , C/-, 1--I P, r g i `tzA,k..k.;44.t:0oaaaaouo0 � Wj\zt I• 1-�i ,,1 a vil / \�ztu OJ\\\aaaaaaa\\a\\C\k0 o \� 7 °oeitioao..aaaaa\`a aaaca...ao.•o..44 � I �4 i _ `�.�`."�0�`�`Bpi.�.��0`�`�`���Ja`�`��.`.`���`������`��� o z I 2 'I z W o _ Uc , z , 0 / 3 W Q W I' 2 € \1 I S W fx I 7, d I W �J I W I U I 6£ 'ON OVON AtN000 013M EXHIBIT A [FIGURE 31 Legal Description of District No. 1 Legal Description of a parcel of land being located in Sections 3, 4, 5, 8, 9, 10, 15, 16 and 17, Township 3 North, Range 65 West of the 6th Principal Meridian, Weld County, Colorado being more particularly described as follow:;: Beginning at the Southeast Corner of said Section 16 and considering the South line of said Section 16 as bearing South 89°27'00" West and with all bearings contained herein relative thereto; thence along said South line South 89°27'00" West 5138.65 feet to the Southeast Corner of said Section 17; thence along the South line of said Section 17 South 89°32'56" West 5327.95 feet to the Southwest Corner of said Section 17; thence along the West line of said Section 17 North 00°29'53" West 5259.39 feet to the Northwest Corner of said Section 17; thence along the West line of said Section 8 North 00°09'44" West 5291.77 feet to the Northwest Corner of said Section 8; ':hence along the West line of the Southwest Quarter of said Section 5 North 00°25'29" West 2654.03 feet to the West Quarter Corner of said Section 5; thence along the West line of the Northwest Quarter of said Section 5 North 00°24'36" West 1327.22 feet to the Southwest Corner of the North half of the Northwest Quarter of said Section 5; thence along the South line of the North half of the Northwest Quarter of said Section 5 North 89°44'12" East 2631.31 feet to the Southeast Corner of the North half of the Northwest Quarter of said Section 5; thence along the South line of the Northwest Quarter of the Northeast Quarter of said Section 5 North 89°44'12" East 1331.58 feet to the Southeast Corner of the Northwest Quarter of the Northeast Quarter of said Section 5; thence along the East line of the Northwest Quarter of the Northeast Quarter of said Section 5 North 00°39'07" West 1325.38 feet to the Northeast Corner of the Northwest Quarter of the Northeast Quarter of said Section 5; thence along the North line of the Northeast Quarter of said Section 5 North 89°39'32" East 1333.17 feet to the Northeast Corner of said Section 5; thence along the North line of the Northwest Quarter of said Section 4 North 89°45'34" East 2638.09 feet to the North Quarter Corner of said Section 4; thence along the North line of the Northeast Quarter of said Section 4 North 89°24'21" East 805.01 feet; thence departing said North line South 40°04'03" East 9.61 feet to the centerline of the Platte Valley Canal as recorded in Book 1068 under Reception No. 02008616, records of said County; thence along said centerline the following 25 courses and distances; South 10°09'07" West 45.49 feet; thence South 27°01'47" West 281.98 feet; thence South 35°02'43" West 129.95 feet; thence South 46°2426" West 113.95 feet; thence South 67°56'02" West 114.41 feet to the beginning of a tangent curve concave to the A-1 • 991650 Southeast having a central angle of 43°14'52" and a radius of 210.00 feet; thence Southwesterly along the arc of said curve 158.51 feet to the end of said curve; thence tangent from said end of curve South 24°41'10" West 39.72 feet to the beginning of a tangent curve concave to the East having a central angle of 68°10'08" and a radius of 217.23 feet; thence Southeasterly along the arc of said curve 258.45 feet to the end of said curve; thence tangent from said end of curve South 43°28'58" East 159.97 feet to the beginning of a tangent curve concave to the Southwest having a central angle of 48°38'11" and a radius of 81.88 feet; thence Southerly along the arc of said curve 69.51 feet to the end of said curve; thence tangent from said end of curve South 05°09'12" West 19.20 feet to the beginning of a tangent curve concave to the Northwest having a central angle of 25°54'10" and a radius of 260.90 feet; thence Southwesterly along the arc of said curve 117.95 feet to the end of said curve; thence tangent from said end of curve South 31°03'22" West 130.58 feet; thence South 09°40'40" West 95.26 feet; thence South 03°11'43" East 116.07 feet to the beginning of a tangent curve concave to the Northeast having a central angle of 36°30'36" and a radius of 180.24 feet; thence Southeasterly along the arc of said curve 114.85 feet to the end of said curve; thence tangent from said end of curve South 39°42'19" East 116.57 ' feet to the beginning of a tangent curve concave to the Northeast having a central angle of 45°22'3"and a radius of 4.82 feet; thence Southeasterly along the arc of said curve 90.93 feet to the end of said curve; thence tangent from said end of curve South 85°04'50" East 170.71 feet to the beginning of a tangent curve concave to the Southwest having a central angle of 68°29'30" and a radius of 126.33 feet; thence Southeasterly along the arc of said curve 151.02 feet to the end of said curve; thence tangent from said end of curve South 16°35'20" East 120.95 feet to the beginning of a tangent curve concave to the West having a central angle of 25°35'07" and a radius of 440.41 eet; thence Southerly along the arc of said curve 196.66 feet to the end of said curve; thence tangent from said end of curve South 08°59'48" West 101.24 feet to the beginning of a tangent curve concave to the Northeast having a central angle of 59°32'10" and a radius of 242.34 • feet; thence Southeasterly along the arc of said curve 251.82 feet to the end of said curve; thence tangent from said end of curve South 50°32'22" East 97.62 feet; thence departing said centerline North 89°31'39" East 2111.73 feet; thence North 17°52'53" West 380.92 feet. thence North 89°31'39" East 337.87 feet; thence North 00°28'21" West 150.00 feet; thence North 89°31'39" East 1867.95 feet; thence South 00°14'30" West 680.87 feet; thence South 88°49'23" East 78.63 feet; thence South 12°49'39" East 29.72 feet; thence South 77°10'18" West 30.00 feet; thence South 12°49'43" East 30.00 feet; thence North 77°10'18" East 30.00 feet; thence South 12°49'56" East 14.14 feet; thence South 19°27'45" East 607.82 feet; thence South 43°51'20" East 959.22 feet; thence South 11°54'57" East 159.45 feet; thence South 60°05'14" East 1098.46 feet; thence South 22`08'46" East 2187.26 feet; thence South 17°45'43" West 814.40 feet to a point on the Northerly line of that certain parcel of land described in deed as Parcel A, recorded in Book 1068 under Reception No. 02008614, records of said County; thence along said Northerly line the following :5 courses and distances; South 38°04'26"West 66.71 feet; thence South 70°24'28" West A-2 991650 210.50 feel; thence North 65°42'40" West 1366.02 feet; thence North 44°50'58" West 1116.45 feet; thence South 71°22'10" West 137.84 feet; thence departing said Northerly line South 71°22'10" West 539.96 feet; thence South 43°28'15" East 318.43 feet; thence South 16°14'00" East 175.00 feet; thence South 00°40'00" East 380.00 feet; thence South 27°02'02" West 73.00 feet; thence North 65°16'00" West 155.00 feet; thence North 56°09'00" West 462.00 feet; thence North 68°59'00" West 256.00 feet; thence South 31°13'00" West 248.00 feet; thence South 80°26'00" West 196.00 feet; thence North 65°07'00" West 214.52 feet to a point on the Easterly line of that certain parcel of land described in deed as Exhibit A recorded in Book 1068 under Reception No. 02008614, records of said County; thence along said Easterly line the following 13 courses ar.d distances; North 29°11'51" West 43.34 feet; thence North 35°35'04" West 285.27 feet; thence North 69°49'46" West 52.20 feet; thence North 34°41'43" West 94.87 feet; thence North 40°48'08" East 154.56 feet; thence North 72°48'51" East 101.53 feet; thence North 31°54'29" f=ast 62.43 feet; thence North 17°31'32" East 59.77 feet; thence North 20°04'7" West 110.72 feet; thence North 07°06'02" West 291.23 feet; thence North 11°50'01" West 107.28 feet; thence North 33°54'04" West 150.60 feet; thence North 07°02'17" West 163.23 feet to a point on the Easterly line of that certain parcel of land described in deed as Exhibit B recorded in Book 1068 under Reception No. 02008614, records of said County; thence along said Easterly line North 36°47'35" East 143.90 feet; thence departing said Easterly line North 57°06'34" West 166.61 feet; thence North 75°57'04" West 582.06 feet; thence North 88°50'24" West 134.11 feet to a point on said Easterly line; thence departing said Easterly line North 27°27'03" West 226.36 feet; thence North 39°26'25" West 223.17 feet to a point on said Easterly line; thence departing said Easterly line North 09°54'20"West 362.45 feet; thence North 17°02'45" West 167.22 feet to a point on said Easterly line; thence departing said Easterly line North 28°46'38" West 241.99 feet; thence North 42°33'43" West 106.54 feet to a point on said Easterly line; thence along said Easterly and Northerly lines of said Exhibit B the following 8 courses and distances; North 61°52'04" West 76.22 feet; thence North 89°17'02" East 139.17 feet; thence North 03°45'51" West 390.32 feet; thence North 70°52'01" West 116.11 feet; thence North 72°17'16" West 122.30 feet; thence North 55°39'25" West 181.68 feet; thence North 31°18'35" West 1063.87 feet; thence South 58°31'52" West 57.39 feet; thence departing said Northerly line South 31°28'08" East 522.19 feet; thence South 10°25'09" East 99.33 feet; thence South 33°45'06" East 157.31 feet; thence South 51°32'58" West 95.52 feet to a point on the Westerly line of that certain parcel of land described in deed as Exhibit A recorded in Book 1068 under Reception No. 02008614 records of said County; thence along said Westerly line the following 3 courses and distances; South 00°23'32" East 177.92 feet; thence South 10°18'17" East 78.26 feet; thence South 30°46'13" East 152.46 feet; thence departing said Westerly line South 47°56'08" East 265.05 feet; thence South 37°58'18" West 164.42 feet; thence South 06°08'48" West 239.20 feet to a point on said Westerly line; thence departing said Westerly line South 33°32'10" East 129.62 feet; thence South 74'20'47" East 218.49 feet to a point on said Westerly line; thence departing said Westerly line South A-3 991650 21°05'52" East 136.12 feet to a point on said Westerly line; thence departing said Westerly line South 05°34'43" East 216.02 feet to a point on said Westerly line; thence along said Westerly line South 40°38'56" East 130.48 feet; thence departing said Westerly line South 06°37'15" West 112.76 feet to a point on said Westerly line; thence along said Westerly line the following 3 courses and distances; South 13°34'14" East 59.67 feet; thence South 35°26'24" East 136.24 feet; thence SoL.th 49°59'37" East 73.11 feet; thence departing said Westerly line South 72°03'02" East 149.26 to a point on said Westerly line; thence departing said Westerly line South 28°24'46" East 133.76 feel; thence South 40°21'52" East 122.55 feet; thence South 31°08'20" East 168.24 feet to a point on said Westerly line; thence along said Westerly line the following 2 courses and distances; South 35°26'45"N East 144.84 feet; thence South 52°48'55" East 145.60 feet; thence departing said Westerly line South 53°35'20" East 274.60 feet to a point on said Westerly line; thence departing said Westerly line South 01°31'33" West 75.03 feet to a point on said Westerly line; thence departing said Westerly line South 30°O3'16" West 263.26 feet; thence South 06°03'15" East 282.44 feet; thence South 25°15'47" East 337.55 feet to a point on said Westerly line; thence departing said Westerly line South 23°51'09" East 264.59 feet; thence South 29°30'41" East 174.35 feet to a point on the Easterly line of that certain parcel of land described in deed, recorded in Book 1068 under Reception No. 02008615, records of said County; thence along said Easterly line the following 6 courses and distances; South 37°11'26" East 96.99 feet; thence South 52°03'11" East 69.68 feet; thence South 55°31'12" East 148.65 feet; thence South 16°11'37" East 138.93 feet; thence South 42°52'31" East 177.69 feet; thence South 25°O9'42" East 155.19 feet; thence departing said Easterly line South 24°47'31" East 180.62 feet; thence South 36°43'59" East 146.03 feet; thence South 25°08'23" West 111.15 feet; thence South 02°01'55" East 227.19 feet; thence South 20°03'39" East 193.90 feet; thence South 12°33'0"1 East 346.85 feet; thence South 10°22'6" West 264.13 feet; thence South 05°07'42" West 157.19 feet; thence South 32°32'33 West 220.12 feet; thence South 19°19'41" West 268.66 feet; thence South 38°04'00" West 284.92 feet; thence South 79°43'0" West 714.61 feet; thence South 24°52'12" West 224.67 feet; thence South 07°13'57" East 37.52 feet to a point on the Northerly line of said Section 15; thence along said Northerly line North 89°28'21" East 75.13 feet; thence departing said Northerly line South 00°41'51" East 5263.69 feet to a point on the Southerly line of said Section 15; thence along said Southerly line South 89°48'56" West 358.01 feet to the Southeast Corner of said Section 16; said point also being the TRUE POINT OF BEGINNING; Including that portion thereof platted as Beebe Draw Farms and Equestrian Center First Filing under Revised Plat and Dedication recorded April 12, 1988 in Book 1192 as Reception No. 2137453. The above described parcel contains 4120.472 acres more or less and is subject to the following easements, agreements and rights-of-way. A_4 991650 Deed recorded in Book 512, Page 551, (location of right-of-way cannot accurately be defined per legal description), Deed recorded in Book 655, Page 293, Deed recorded in Book 655, Page 502, Agreement recorded in Book 961, Page 223, Right-of-Way and Easement recorded in Book 1045 under Reception No. 01983413, (location of right-of-way and easement cannot accurately be defined per legal description), Quit Claim Deed recorded in Book 1068 under Reception No. 02008614 (shown hereon), Quit Claim Deed recorded in Book 1068 under Reception No. 02008615 (shown hereon), Quit Claim Deed recorded in Book 1068 under Reception No. 02008616 (shown hereon), Canal Right-of-Way Agreement recorded in Book 1068 under Reception No. 02008617, Quit Claim Deed recorded in Book 1068 under Reception No. 02008618, Quit Claim Deed recorded in Book 1068 under Reception No. 02008619 (shown hereon), Quit Claim Deed recorded in Book 1068 under Reception No. 02008620 (shown hereon), Agreement recorded in Book 1068 under Reception No. 02008621, Right-of-Way recorded in Book 1068 under Reception No. 02008622 (shown hereon), Grazing and Recreational Lease recorded in Book 1068 under Reception No. 02008623, Amendment to Grazing and Recreational Lease recorded in Book 1068 under Reception No. 02008624, Quit Claim Deed recorded in Book 1068 under Reception No. 02008625 (20 foot access easement subject to grazing lease), Right- of-Way easement and Licenses recorded in Book 1068 under Reception No. 02008626, Quit Claim Deed recorded in Book 1068 under Reception No. 02008627 (reconfirms rights previously granted in Book 1045 under Reception No. 10983413), Quit Claim Deed recorded in Book 1068 under Reception No. 02008628 (20 foot permanent access easement), Quit Claim Deed recorded in Book 1076 under Reception No. 02017072 (affects parcels recorded in Book 1068 under Reception No. 02008628, Reception No. 02008620, Reception No. 02008616 and Reception No. 02008627), Quit Claim Deed recorded in Book 1111 under Reception No. 02052204, Quit Claim Deed recorded in Book 1112 under Reception No. 02053446, (Amends Legal in Quit Claim Deed recorded in Book 1068 under Reception No. 02008619), Agreement recorded in Book 1117 under Reception No. 02058723, Grazing and Recreational Lease recorded in Book 1148 under Reception No. 02090926, Order Approving Settlement Agreement recorded in Book 1201 under Reception No. 02147157, Supplemental Declaration recorded in Book 1224 under Reception No. 02170703, (Relocates easement granted in Book 1068 under Reception No. 02008628), Amendment to Grant of Easement Recorded in Book 1268 under Reception No. 02218734, (restates and amends right-of-way and easement recorded in Book 1045 under Reception No. 01983413 and Book 1068 under Reception No. 02008627), Oil and Gas Lease recorded in Book 1327 under Reception No. 02280130 and all other easements, agreements and rights-of-way of record. 991650 A-5 EXHIBIT A :FIGURE 4 - LEGAL DESCRIPTION OF DISTRICT No. 2] District 2— Legal Description Legal Description of a parcel of land being located in Sections 3, 4, 5, 8, 9, 10, 15, 16 and 17, Township 3 North, Range 65 West of the 6th Principal Meridian, Weld County, Colorado being more particularly described as follows: Beginning at the Southeast Corner of said Section 16 and considering the South line of said Section 16 as bearing South 89°27'00" West and with all bearings contained herein relative thereto; thence along said South line South 89°27'00" West 5138.65 feet to the Southeast Corner of said Section 17; thence along the South line of said Section 17 South 89°32'56" West 5327.95 feet to the Southwest Corner of said Section 17; thence along the West line of said Section 17 North 00°29'53" West 5259.39 feet to the Northwest Corner of said Section 17; thence along the West line of said Section 8 North 00°09'44" West 5291.77 feet to the Northwest Corner of said Section 8; thence along the West line of the Southwest Quarter of said Section 5 North 00°25'29" West 2654.03 feet to the West Quarter Corner of said Section 5; thence along the West line of the Northwest Quarter of said Section 5 North 00°24'36" West 1327.22 feet to the Southwest Corner of the North half of the Northwest Quarter of said Section 5; thence along the South line of the North half of the Northwest Quarter of said Section 5 North 89°44'12" East 2631.31 feet to the Southeast Corner of the North half of the Northwest Quarter of said Section 5; thence along the South line of the Northwest Quarter of the Northeast Quarter of said Section 5 North 89°44'12" East 1331.58 feet to the Southeast Corner of the Northwest Quarter of the Northeast Quarter of said Section 5; thence along the East line of the Northwest Quarter of the Northeast Quarter of said Section 5 North 00°39'07" West 1325.38 feet to the Northeast Corner of the Northwest Quarter of the Northeast Quarter of said Section 5; thence along the North line of the Northeast Quarter of said Section 5 North 89°39'32" East 1333.17 feet to the Northeast Corner of said Section 5; thence along the North line of the Northwest Quarter of said Section 4 North 89°45'34" East 2638.09 feet to the North Quarter Corner of said Section 4; thence along the North line of the Northeast Quarter of said Section 4 North 89°24'21" East 805.01 feet; thence departing said North line South 40°04'03" East 9.61 feet to the centerline of the Platte Valley Canal as recorded in Book 1068 under Reception No. 02008616, records of said County; thence along said centerline the following 25 courses and distances; South 10°09'07" West 45.49 feet; thence South 27°01'47" West 281.98 feet; thence South 35°02'43" West 129.95 feet; thence South 46°24'26" West 113.95 feet; thence South 67°56'02" West 114.41 feet to the beginning of a tangent curve concave to the Southeast having a central angle of 43°14'52" and a radius of 210.00 feet; thence Southwesterly 991650 A(4)-1 along the arc of said curve 158.51 feet to the end of said curve; thence tangent from said end of curve Sou'':h 24°41'10" West 39.72 feet to the beginning of a tangent curve concave to the East having a central angle of 68°10'08" and a radius of 217.23 feet; thence Southeasterly along the arc of said curve 258.45 feet to the end of said curve; thence tangent from said end of curve South 43°28'58" East 159.97 feet to the beginning of a tangent curve concave to the Southwest having a central angle of 48°38'11" and a radius of 81.88 feet; thence Southerly along the arc of said curve 69.51 feet to the end of said curve; thence tangent from said end of curve South 05°09'12" 'Nest 19.20 feet to the beginning of a tangent curve concave to the Northwest having a central angle of 25°54'10" and a radius of 260.90 feet; thence Southwesterly along the arc of said curve 117.95 feet to the end of said curve; thence tangent from said end of curve South 31°03'22" West 130.58 feet; thence South 09°40'40" West 95.26 feet; thence South 03°11'43" East 116.07 feet to the beginning of a tangent curve concave to the Northeast having a central angle of 36°30'36" and a radius of 180.24 feet; thence Southeasterly along the arc of said curve 114.85 feet to the end of said curve; thence tangent from said end of curve South 39°42'19" East 116.57 feet to the beginning of a tangent curve concave to the Northeast having a central angle of 45°22'3"and a radius of 4.82 feet; thence Southeasterly along the arc of said curve 90.93 feet to the end of said curve; thence tangent from said end of curve South 85°04'50" East 170.71 feet to the beginning of a tangent curve concave to the Southwest having a central angle of 68°29'30" and a radius of 126.33 feet; thence Southeasterly along the arc of said curve 151.02 feet to the end of said curve; thence tangent from said end of curve South 16°35'20" East 120.95 feet to the beginning of a tangent curve concave to the West having a central angle of 25°35'07" and a radius of 440.41 feet; thence Southerly along the arc of said curve 196.66 feet to the end of said curve; thence tangent from said end of curve South 08°59'48" West 101.24 feet to the beginning of a tangent curve concave to the Northeast having a central angle of 59°32'10" and a radius of 242.34 feet; thence Southeasterly along the arc of said curve 251.82 feet to the end of said curve; thence tangent from said end of curve South 50°32'22" East 97.62 feet; thence departing said centerline North 89°31'39" East 2111.73 feet; thence North 17°52'53" West 380.92 feet; thence North 89°31'39" East 337.87 feet; thence North 00°28'21" West 150.00 feet; thence North 89°31'39" East 1867.95 feet; thence South 00°14'30" West 680.87 feet; thence South 88°49'23" East 78.63 feet; thence South 12°49'39" East 29.72 feet; thence South 77°10'18" West 30.00 feet; thence South 12°49'43" East 30.00 feet; thence North 77°10'18" East 30.00 feet; thence South 12°49'56" East 14.14 feet; thence South 19°27'45" East 607.82 feet; thence South 43°51'20" East 959.22 feet; thence South 11°54'57" East 159.45 feet; thence South 60°05'14" East 1098.46 feet; thence South 22`08'46" East 2187.26 feet; thence South 17°45'43" West 814.40 feet to a point on the Northerly line of that certain parcel of land described in deed as Parcel A, recorded in Book 1068 under Reception No. 02008614, records of said County; thence along said Northerly line the following :5 courses and distances; South 38°0426"West 66.71 feet; thence South 70°24'28" West 210.50 feet; thence North 65°42'40" West 1366.02 feet; thence North 44°50'58" West 1116.45 A(4)-2 991650 feet; thence South 71°22'10" West 137.84 feet; thence departing said Northerly line South 71°22'10" West 539.96 feet; thence South 43°28'15" East 318.43 feet; thence South 16°14'00" East 175.0(1 feet; thence South 00°40'00" East 380.00 feet; thence South 27°02'02" West 73.00 feet; thence North 65°16'00" West 155.00 feet; thence North 56°09'00" West 462.00 feet; thence North 68°59'00" West 256.00 feet; thence South 31°13'00" West 248.00 feet; thence South 80°26'00" West 196.00 feet; thence North 65°07'00" West 214.52 feet to a point on the Easterly line of that certain parcel of land described in deed as Exhibit A recorded in Book 1068 under Reception No. 02008614, records of said County; thence along said Easterly line the following 13 courses and distances; North 29°11'51" West 43.34 feet; thence North 35°35'04" West 285.27 feet; thence North 69°49'46" West 52.20 feet; thence North 34°41'43" West 94.87 feet; thence North 40°48'08" East 154.56 feet; thence North 72°48'51" East 101.53 feet; thence North 31°54'29" East 62.43 feet; thence North 17°31'32" East 59.77 feet; thence North 20°04'7" West 110.72 feet; thence North 07°06'02" West 291.23 feet; thence North 11°50'01" West 107.28 feet; thence North 33°54'04" West 150.60 feet; thence North 07°02'17" West 163.23 feet to a point on the Easterly line of that certain parcel of land described in deed as Exhibit B recorded in Book 1068 under Reception No. 02008614, records of said County; thence along said Easterly line North 36°47'35" East 143.90 feet; thence departing said Easterly line North 57°06'34"West 166.61 feet; thence North 75°57'04" West 582.06 feet; thence North 88°5024"West 134.11 feet to a point on said Easterly line; thence departing said Easterly line North 27°27'03" West 226.36 feet; thence North 39°26'25" West 223.17 feet to a point on said Easterly line; thence departing said Easterly line North 09°54'20" West 362.45 feet; thence North 17°02'45" West 167.22 feet to a point on said Easterly line; thence departing said Easterly line North 28°46'38" West 241.99 feet; thence North 42°33'43" West 106.54 feet to a point on said Easterly line; thence along said Easterly and Northerly lines of said Exhibit B the following 8 courses and distances; North 61°52'04" West 76.22 feet; thence North 89°17'02" East 139.17 feet; thence North 03°45'51" West 390.32 feet; thence North 70°52'01" West 116.11 feet; thence North 72°17'16" West 122.30 feet; thence North 55°39'25" West 181.68 feet; thence North 31°18'35" West 1063.87 feet; thence South 58°31'52" West 57.39 feet; thence departing said Northerly line South 31°28'08" East 522.19 feet; thence South 10°25'09" East 99.33 feet; thence South 33°45'06" East 157.31 feet; thence South 51°32'58" West 95.52 feet to a point on the Westerly line of that certain parcel of land described in deed as Exhibit A recorded in Book 1068 under Reception No. 02008614 records of said County; thence along said Westerly line the following 3 courses and distances; South 00°23'32" East 177.92 feet; thence South 10°18'17" East 78.26 feet; thence South 30°46'13" East 152.46 feet; thence departing said Westerly line South 47°56'08" East 265.05 feet; thence South 37°58'18" West 164.42 feet; thence South 06°08'48" West 239.20 feet to a point on said Westerly line; thence departing said Westerly line South 33°32'10" East 129.62 feet; thence South 74°20'47" East 218.49 feet to a point on said Westerly line; thence departing said Westerly line South 21°05'52" East 136.12 feet to a point on said Westerly line; thence departing said Westerly line A(4)-3 99%650 South 05°34'43" East 216.02 feet to a point on said Westerly line; thence along said Westerly line South 40°38'56" East 130.48 feet; thence departing said Westerly line South 06°37'15" West 112.76 feet to a point on said Westerly line; thence along said Westerly line the following 3 courses and distances; South 13°34'14" East 59.67 feet; thence South 35°26'24" East 136.24 feet; thence South 49°59'37" East 73.11 feet; thence departing said Westerly line South 72°03'02" East 149.26 to a point on said Westerly line; thence departing said Westerly line South 28°24'46" East 133.76 feet; thence South 40°21'52" East 122.55 feet; thence South 31°08'20" East 168.24 feet to a point or said Westerly line; thence along said Westerly line the following 2 courses and distances; South 35°26'45"N East 144.84 feet; thence South 52°48'55' East 145.60 feet; thence departing said Westerly line South 53°35'20" East 274.60 feet to a point on said Westerly line; thence departing said Westerly line South 01°31'33" West 75.03 feet to a point on said Westerly line; thence departing said Westerly line South 30°O3'16" West 263.26 feet; thence South 06°03'15" East 282.44 feet; thence South 25°15'47" East 337.55 feet to a point on said Westerly line; thence departing said Westerly line South 23°51'09" East 264.59 feet; thence South 29°30'41" East 174.35 feet to a point on the Easterly line of that certain parcel of land described in deed, recorded in Book 1068 under Reception No. 02008615, records of said County; thence along said Easterly line the following 6 courses and distances; South 37°11'26" East 96.99 feet; thence South 52°03'11" East 69.68 feet; thence South 55°31'12" East 148.65 feet; thence South 16°11'37" East 138.93 feet; thence South 42°52'31" East 177.69 feet; thence South 25°O9'42" East 155.19 feet; thence departing said Easterly line South 24°47'31" East 180.62 feet; thence South 36°43'59" East 146.03 feet; thence South 25°08'23" West 111.15 feet; thence South 02°01'55" East 227.19 feet; thence South 20°03'39" East 193.90 feet; thence South 12°33'0"1 East 346.65 feet; thence South 10°22'6" West 264.13 feet; thence South 05°07'42" West 157.19 feet; thence South 32°32'33 West 220.12 feet; thence South 19°19'41" West 268.66 feet; thence South 38°04'00" West 284.92 feet; thence South 79°43'0" West 714.61 feet; thence South 24°52'12" West 224.67 feet; thence South 07°13'57" East 37.52 feet to a point on the Northerly line of said Section 15; thence along said Northerly line North 89°28'21" East 75.13 feet; thence departing said Northerly line South 00°41'51" East 5263.69 feet to a point on the Southerly line of said Section 15; thence along said Southerly line South 89°48'56" West 358.01 feet to the Southeast Corner of said Section 16; said point also being the TRUE POINT OF BEGINNING; Including chat portion thereof platted as Beebe Draw Farms and Equestrian Center First Filing under Revised Plat and Dedication recorded April 12, 1988 in Book 1192 as Reception No. 2137453, except whereas listed in the District 2 Exceptions. The above described parcel contains 4120.472 acres more or less and is subject to the following easements, agreements and rights-of-way. A(4)-4 99165° Deed recorded in Book 512, Page 551, (location of right-of-way cannot accurately be defined per legal description), Deed recorded in Book 655, Page 293, Deed recorded in Book 655, Page 502, Agreement recorded in Book 961, Page 223, Right-of-Way and Easement recorded in Book 1045 under Reception No. 01983413, (location of right-of-way and easement cannot accurately be defined per legal description), Quit Claim Deed recorded in Book 1068 under Reception No. 02008614 (shown hereon), Quit Claim Deed recorded in Book 1068 under Reception No. 02008615 (shown hereon), Quit Claim Deed recorded in Book 1068 under Reception No. 02008616 (shown hereon), Canal Right-of-Way Agreement recorded in Book 1068 under Reception No. 02008617, Quit Claim Deed recorded in Book 1068 under Reception No. 02008618, Quit Claim Deed recorded in Book 1068 under Reception No. 02008619 (shown hereon), Quit Claim Deed recorded in Book 1068 under Reception No. 02008620 (shown hereon), Agreement recorded in Book 1068 under Reception No. 02008621, Right-of-Way recorded in Book 1068 under Reception No. 02008622 (shown hereon), Grazing and Recreational Lease recorded it Book 1068 under Reception No. 02008623, Amendment to Grazing and Recreational Lease recorded in Book 1068 under Reception No. 02008624, Quit Claim Deed recorded in Book 1068 under Reception No. 02008625 (20 foot access easement subject to grazing lease), Right- of-Way easement and Licenses recorded in Book 1068 under Reception No. 02008626, Quit Claim Deed recorded in Book 1068 under Reception No. 02008627 (reconfirms rights previously granted in Book 1045 under Reception No. 10983413), Quit Claim Deed recorded in Book 1068 under Reception No. 02008628 (20 foot permanent access easement), Quit Claim Deed recorded in Book 1076 under Reception No. 02017072 (affects parcels recorded in Book 1068 under Reception No. 02008628, Reception No. 02008620, Reception No. 02008616 and Reception No. 02008627), Quit Claim Deed recorded in Book 1111 under Reception No. 02052204, Quit Claim Deed recorded in Book 1112 under Reception No. 02053446, (Amends Legal in Quit Claim Deed recorded in Book 1068 under Reception No. 02008619), Agreement recorded in Book 1117 under Reception No. 02058723, Grazing and Recreational Lease recorded in Book 1148 under Reception No. 02090926, Order Approving Settlement Agreement recorded in Book 1201 under Reception No. 02147157, Supplemental Declaration recorded in Book 1224 under Reception No. 02170703, (Relocates easement granted in Book 1068 under Reception No. 02008628), Amendment to Grant of Easement Recorded in Book 1268 under Reception No. 02218734, (restates and amends right-of-way and easement recorded in Book 1045 under Reception No. 01983413 and Book 1068 under Reception No. 02008627), Oil and Gas Lease recorded in Book 1327 under Reception No. 02280130 and all other easements, agreements and rights-of-way of record. A(4)-5991650 District 2 Exceptions Exception A: Replat of First Filing, Beebe Draw Farms and Equestrian Center, Phase 1, which includes Lots 54-56 (inclusive), 63-67(inclusive), 85-90(inclusive), 92-94(inclusive), 114,115, 119-126 (inclusive), and 139-143 (inclusive). Cumulative area contains 91.759 acres, more or less. Exception B: All of Section 16, Township 3 North, Range 65 West of the 6'" Principal Meridian, Weld County, Colorado. Described Section contains 620.687 acres, more or less. District 2 parcel as described and excepted contains 3,407.846 acres, more or less. 991650 A(4)-6 EXHIBIT A [FIGURE S - `✓ICINITY MAP] 99%65° a. Ns_,e•-....„ M M I ^-� Se le • +filliken I 4. Gil st t �WC/R 38 I on y. lY U e Pt• y ille WCR 32 ' a as - it * s< p r • n , ' t s~ BEEBE DRAW FARMS 0 VICINITY MAP : : SCALE: 1'=3 miles NORTH 991650 Hello