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HomeMy WebLinkAbout20142884.tiff (pooh 13-000Z PLANNED UNIT DEVELOPMENT (PUD) CHANGE OF ZONE APPLICATION FOR PLANNING DEPARTMENT USE DATE RECEIVED: RECEIPT/AMOUNT# Is CASE*ASSIGNED: APPLICATION RECEIVED BY PLANNER ASSIGNED: Parcel Number: 1311 08 400008 Legal Description: Lot B Recorded Exemption 12-0025 being part of the N2 SE4 Section 8, Township 2, Range 67 West of the 61h P.M., Weld County, Colorado Existing Address: NA Existing Zone District: Agricultural Proposed Zone District: PUD Total Acreage: 67.1 acres Proposed#/Lots: 16 Average Lot Size: 3.85 Minimum Lot Size: 2.01 Proposed Subdivision Name: Panorama Estates Proposed Area (Acres) Open Space: 1 Are you applying for Conceptual or Specific Guide? Specific CONTRACTED TO PURCHASE THE PROPERTY: Name: Panorama Estates, LLC c/o Chris Zadel Work Phone#: 303-857-1754 Email Address: cjz@ncconstructors.com Address: 9075 CR 10, Fort Lupton, CO 80621 FEE OWNER(S) OF THE PROPERTY: Name: Goddard Investments, LLC AUTHORIZED AGENT: Name: Sheri Lockman, Lockman Land Consulting, LLC Phone#: 970-381-0526 Email Address: sherilockman@what-wire.com Address: 36509 CR 41 Eaton, CO 80615 UTILITIES: Water: Central Weld County Water District Sewer: Septic Gas: Propane Electric: United Power Phone: Century Link DISTRICTS: School: Gilcrest School District RE1 Fire: Mountain View Fire District Post: Firestone I (We) hereby depose and state under penalties of perjury that all statements, proposals, and/or plans submitted with or contained within the application are true and correct to the best of my (our) knowledge. Signatures of all fee owners of property must sign this application. If an Authorized Agent signs, a letter of authorization from all fee owners must be included with the application. If a corporation is the fee owner, notarized evidence must be included indicating the signatory has the legal authority to sign for the corporation. I (we), the undersigned, hereby request hearings before the Weld County Planning Commission and the Board of County Commissioners concerning the proposed Change of Zone for the above described unincorporated area of Weld County, Colorado. 6\2- Signature: Own r or Authorized Agent Date Signature: Owner or Authorized Agent Date 461L 411i IPLANNING SERVICES DEPARTMENT OF C. 1555 N 17th AVE 8 GREELEY, CO 80631 PHONE: (970) 353-6100, Ext. 3540 COLORADO FAX: (970) 304-6498 AUTHORIZATION FORM Sheri Lockman, I Lockman Land Consulting, LLC represent Panorama Estates, LLC for the property (AgenVAp Iican ) Owner) located at hot B RE 12-0025 being part of the N2 Se • LEGAL DESCRIPTION: SEC 8 TWN 2 RNG 67 SUBDIVISION NAME: LOT BLK I can be contacted at the following phone #'s: Home Work 970-381-0526 Fax it 970-454-2019 The property owner can be contacted at the following phone#'s Home Work 303-857-1754 Fax # 303-857-2933 Correspondence mailed to (only one): X Agent/Applicant ❑ Property Owner DATE 3\t9- It-{ OWNER'S SIGNATURE C--AA /,�„l SUMMARY OF REFERRAL AGENCY CONCERNS TOWN OF FREDERICK Town of Frederick representative Chris Kennedy indicated that the site is outside of the town's Comprehensive Plan area. WELD COUNTY ZONING COMPLIANCE Weld County Zoning Compliance Officer indicated no conflicts with their interests. WELD COUNTY BUILDING INSPECTION No concerns were raised by the Weld County Building Inspection Department. All requested building permits will be obtained at the appropriate time during the building phase of Panorama Estates. MOUNTAIN VIEW FIRE RESCUE LuAnn Penfold, Fire Marshal, indicated that the Fire District does not object to the proposed plan and subsequent development, provided the development is able to meet the requirements of the Fire District. The applicants met with Chuck Boyes, Fire Prevention Specialist, prior to submitting the Sketch Plan application. Mr. Boyes outlined all District requirements at that meeting. Comments regarding water pressure, fire hydrants, gate locks, access roads and constructions plans have been noted and will be completed according to the Fire District regulations. COLORADO GEOLOGICAL SURVEY Jill Carlson, Engineering Geologist indicated that the site appears to be suitable for the proposed residential use and density. NEW COAL RIDGE DITCH COMPANY Thomas O'Malley, President of the New Coal Ridge Ditch Company indicated that as long as all of the activities related to this planned unit development are off of the easement for the canal, there is likely no conflict with the Company. The applicants would also like to assure Mr. O'Malley that no drainage from the proposed development will be put into the canal. WELD COUNTY PUBLIC WORKS The Department has asked that the applicant enter into an improvements agreement for County Road 17. A preliminary agreement has been included with the"Change of Zone application. All required changes or additions have been included on the Change of Zone plats. Concerns were raised regarding the 20' emergency access being used as a shortcut between subdivisions. The emergency access will be gated to ensure its use be limited to emergency personnel and oil and gas employees. The 20' access easement to the irrigation pond is for irrigation purposes only. It is not accessible from the Ditch easement and will not be used as an emergency access. TOWN OF FIRESTONE Representatives for the Town of Firestone indicated that the impact on the Towns regional transportation system capacity will be minimal. They requested that the Traffic Impact Study include an evaluation of the operation of the intersection of WCR 17 and Firestone Boulevard to determine if any auxiliary lanes are warranted. In the attached email from Matthew Delich, P.E., PTOE, Mr. Delich states "that the traffic volume on WCR17, north of the site access, is 106 vehicles per day (Figure 3). From available aerials, there are only a few (2-3) homes/uses that access this segment north of the site. Given the counted traffic and my judgment, the Firestone/WCR17 intersection operates/will operate acceptably and no auxiliary lanes will be required." The town of Firestone representatives also voiced concerns regarding dust control and future maintenance of County Road 17. Dust control and maintenance will be included in the required improvements agreement. The final concern raised by the Town is that the Development will lie within a Sump Basin. The proposal to use septic systems in this area meets Weld County and the State of Colorado regulations. Prior to starting the Sketch Plan application, research was done to determine if connecting to an existing sewer system would be feasible. It was determined that the huge expense along with the time it would take to obtain all the necessary agreements, permits and annexations made sewer unattainable. Although the town is within close proximity, the sewer line would need to be brought approximately two miles. WELD COUNTY HEALTH DEPARTMENT The applicants have obtained a will serve letter from Central Weld County Water District in order to satisfy County Code water requirements. The letter has been reviewed and approved by the Weld County Attorney's Office. To ensure compliance with Weld County Code sewer service requirements additional percolation information was submitted. As indicated on the attached email from Lauren Light dated January, 16 2014 the submittal met Code requirements. LONGMONT SOIL CONSERVATION DISTRICT The Longmont Soil Conservation District indicated that there were no soil limitations on the site. Further, they requested weed control and dust abatement plans be implemented during construction. A preliminary weed control plan is included in the Change of Zone application. Dust abatement will be addressed through the required grading permit. WELD COUNTY DEPARTMENT OF PLANNING SERVICES Department of Planning Services sketch plan staff comments addressed comments made by referral agencies along with the following concerns: The Department has required the applicants submit as agreement with the property's mineral owners stipulating that the oil and gas activities have adequately been incorporated into the site, or show evidence that an adequate attempt has been made to mitigate their concerns. The applicants have worked diligently to meet all conditions laid out by Sheila Frazier, Land Negotiator for Encana. At this time Encana is objecting to all subdivisions based on State regulations requiring them to obtain waivers from all landowners with a property line within 150' of their wells. The attached emails show that the applicants have done all that is in their power to mitigate the concerns raised by Encana. The Department asked that the applicants meet with the School District prior to submitting the Change of Zone application to discuss the requirements for a bus drop pull/pick up location and any other requirements or concerns the school may have. As indicated by the attached letter from Jo Barbie, Superintendent for RE-1 Schools, the only requirement will be a cash in lieu payment of$1,054.20 per lot. The Department asked that the applicants meet with the appropriate postal district prior to submitting the Change of Zone application to discuss mail delivery to the subdivision. The attached email from Michael Lucero with the Fort Lupton Post Office indicates that they have approved the proposed location of a group mail kiosk. DEVELOPMENT GUIDE Sec. 27-6-40. Component One—environmental impacts. 1. Noise and vibration. The subdivision will maintain compliance with noise and vibration levels as permitted in Section 4-9-40 of the Weld County Code. 2. Smoke, dust and odors. The site will maintain smoke, dust and odor levels in compliance with levels allowed by the Colorado Air Quality Control Regulations. The lots will be serviced by a paved road which will limit dust. 3. Heat, light and glare. The proposed lots will maintain heat, light and glare levels below the maximum permissible levels as described in Section 23 of the Weld County Code. Outdoor lighting shall be arranged to deflect light away from any properties and from County road. 4. Visual/aesthetic impacts. Covenants will ensure that the aesthetics of the site are compatible to that of surrounding residential and agricultural land uses. 5. Electrical interference. The subdivision will not create any electrical interference. 6. Water pollution. The site will be designed and graded to meet all applicable Federal, State and County water quality regulations. 7. Wastewater disposal. All wastewater will be disposed of through septic systems which have been properly permitted in accordance with State and County regulations. 8. Wetland removal. There are no wetlands on this site. 9. Erosion and sedimentation. The site will be designed and graded with a storm water pond to capture any sedimentation. Further, the grading permit will include erosion and sedimentation controls. 10. Excavating,filling and grading. Grading permits will be acquired prior to excavating, filling or grading on the property. 11. Drilling, ditching and dredging. Any drilling, ditching or dredging done within the subdivision will be conducted according to applicable regulations and all required permits will be obtained. 12. Air pollution. All applicable air quality regulations will be maintained. 13. Solid waste. No solid wastes will be located on this site unless appropriately permitted. 14. Wildlife removal. The site is currently farmed which limits its use by wildlife. 15. Natural vegetation removal. The site is currently farmed therefore no natural vegetation will be removed. 16. Radiation/radioactive material. There will be no radioactive materials within the subdivision. 17. Drinking water source. The site will be serviced by Central Weld County Water District. 18. Traffic impacts. The interior road shall follow Rural Local Paved specifications as shown in Appendix 24-E of the Weld County Code and shall be maintained by the Panorama Estates HOA. The applicant will enter into an agreement with Weld County to pay their proportional share of the upgrades to County Road 17 from the entrance of Panorama Estates to County Road 24 when traffic counts require the upgrade. Sec. 27-6-50. Component Two—service provision impacts. 1. Schools. Gilcrest School District RE-1 has requested $1, 054.20 per lot to mitigate impacts to the school District. 2. Law Enforcement. The sixteen lots proposed will have a minimal impact. Signs and addresses will be adequately posted to ensure emergency responders will have no difficulty in locating homes. Any additional concerns raised by the Weld County Sheriffs Office will be addressed as conditions of approval. 3. Fire Protection. The applicants met with Chuck Boyes, Fire Prevention Specialist, with Mountain View Fire Protection District to ensure that all District concerns have been or will be adequately addressed. 4. Ambulance. The sixteen lots proposed will have a minimal impact. Signs and addresses will be adequately posted to ensure emergency responders will have no difficulty in locating homes. Any additional concerns raised by ambulance services will be addressed as conditions of approval. 5. Transportation (including circulation and roadways). Panorama Estates is accessed from County Road 17. The interior road shall follow Rural Local Paved specifications as shown in Appendix 24-E of the Weld County Code. A gated emergency access has been included on the west side of the property. 6. A traffic impact analysis prepared by a registered professional engineer. See attached Traffic Impact Study prepared by Delich Associates Traffic and Transportation Engineering, dated September 30, 2013. 7. Storm drainage. See attached Drainage Report prepared by J&T Consulting, dated May 20, 2014. 8. Utility provisions. The utilities providers for Panorama Estates are as follows: Gas: Propane Electric: United Power See attached Will Serve Letter Phone: Century Link See attached Will Serve Letter 9. Water provisions. Panorama Estates will be serviced by Central Weld County Water District. A will serve letter has been submitted and approved by the Weld County Attorney's Office. 10. Sewage disposal provisions. The residences will be attached to septic systems which will be appropriately permitted through Weld County Environmental Health. 11. Structural Road Improvements Plan. Panorama Estates accesses onto County Road 17. Traffic counts indicate that County Road 17, from the entrance of Panorama Estates to County Road 24, should be upgraded with magnesium chloride. This upgrade will be addressed in the improvements agreement. The applicants are willing to pay their proportional share of this and future upgrades in conformance with the Weld County Comprehensive Plan, Recommended Strategy T.2.2.a. which states " Strive to have all users pay their proportionate fair share." A preliminary Improvements Agreement has been included with this application for review. The applicants are requesting Staff review at the Final Plan, therefore, any concerns related to the proposed off-site portion of the Improvements Agreement need to be addressed in staff comments prior to board hearings. Sec. 27-6-60. Component Three—landscaping elements. 1. Landscape plan. Minimal landscaping is proposed. A landscape plan in accordance with Section 27-9-30 of the Weld County Code has been included. 2. Proposed treatment, buffering or screening. No buffering or screening will be necessary to achieve compatibility within the development or with the surrounding properties. The large lots and building envelopes ensure adequate spacing between uses. 3. Maintenance schedule for landscaping. The landscape in the public area includes the use of evergreen trees which will require minimal water or maintenance. The trees will -be watered with the shared ditch water until they are established. 4. On-site improvements agreement. A draft of the on-site improvements agreement has been provided. 5. Evidence ofadequate water. Residential water taps from Central Weld County Water District will service the homes. Panorama Estates Homeowners Association will own 14 shares of Coal Ridge Ditch water which varies with the hydrologic cycle and Colorado's priority system but normally produces 1 acre- feet/share. The HOA will have the authority to order and distribute water for irrigation for the open space and individual lots. The HOA can lease additional CBT water throughout the summer when available. Sec. 27-6-70. Component Four—site design. 1. Unique site features. No unique natural features exist on the site. The property naturally slopes from the southeast to the northwest. A drainage pond will be located on the west end of the property to collect and release water at the appropriate levels as required by Weld County. 2. PUD rezoning Is consistent with the goals and policies of Chapter 22 of the Weld County Code. Section 22-2-120.A. R.Goal 1. states, "Ensure that adequate services and facilities are currently available or reasonably obtainable to serve the residential development or district" The applicant has submitted evidence that all services including water, septic, roadways, drainage, utilities and public services can adequately service the subdivision. Section 22-2-120.R.Policy 2.1. states "Improvements associated with residential development should be based on the direct impact that development proposals have on the infrastructure and services related to that development This may include being required to address off-site improvements necessary to adequately support any individual development" A preliminary Improvements Agreement addressing all construction costs has been included with the Change of Zone application. Traffic counts indicate that County Road 17, from the entrance of Panorama Estates to County Road 24, should be upgraded with magnesium chloride. This upgrade will be addressed in the off-site road improvements agreement. The applicant is willing to pay a proportional share of this and future upgrades in conformance with the Weld County Comprehensive Plan, Recommended Strategy T.2.2.a. which states " Strive to have all users pay their proportionate fair share." Section 22-2-120.C. R.Goal 3. states "Consider the compatibility with surrounding land uses, natural site features, nearby municipalities' comprehensive plans and general residential growth trends when evaluating new residential development proposals."The applicants proposed use is very similar to those on the surrounding properties. 3. Compatibility with the PUD Zone District. The subdivision will follow the uses allowed by right, accessory uses, uses by special review and bulk requirements of the Estates Zone District with the exception of setbacks which will be controlled by building envelopes. Covenants will further control animal units, pets, landscaping, fencing, building design and location. 4. Compatibility with the surrounding land uses. Panorama Estates is surrounded by agricultural and large lot residential properties. These property uses are very similar to what is being proposed in this Change of Zone. 5. Overlay Districts. The property does not lie within any overlay districts. Sec. 27-6-80. Component Five—common open space usage. 1. Common open space. Because of the large lot size, and location of the subdivision the applicant is not proposing any recreational common open space. The front entrance, postal area and the irrigation pond will be owned and maintained by the HOA in perpetuity. 2. Establishment of Homeowner's Organization. A Homeowner's Association shall be established prior to recording the PUD Final Plat. 3. Mandatory membership. All lot owners will be part of the Homeowner's Association and shall be subject to the Panorama Estate Covenants. 4. HOA responsibilities. Panorama Estate Covenants ensure that the organization will be responsible for liability insurance, taxes and maintenance of common open space. 5. HOA powers. Covenants guarantee that homeowners can be held liable for the cost of operating and maintaining common facilities thru levy assessments. 6. Failure to maintain common open space. Covenants will address failure to maintain common open space. Said failure may be dealt with through a tax lien pursuant to Section Colorado Revised Statute or by the Board of County Commissioners as stated in the Weld County Code. 7. Common open space allocation. %15 common open space has not been designated in Panorama Estates. Given the large lot size, and location of the subdivision Panorama Estates should not be subject to the common open space requirement. Sec. 27-6-90. Component Six—signage. A development sign plan has been included with the Change of Zone application. All additional signage within the PUD will be in compliance with the Estate zone district as described by the Weld County Code. Sec. 27-6-100. Component Seven— RUA impact. Panorama Estates does not lie within an area designated a RUA • Sec. 27-6-110. Component Eight—intergovernmental agreement impacts. Panorama Estates does not lie within an area designated in an intergovernmental agreement. <.>` lo, Weld County Public Works Dept. • 1111 H Street ACCESS PERMIT „ P.O. Box 758 k.c Q�\No Greeley,(970)304-6496 APPLICATION FORM Fax: (970)304-6497 Applicant Property Owner(If different than Applicant) Name Tommy D. Raye Name Goddard Investments, LLC Company Panorama Estates, LLC Address ?O Box 67 Address 9075 CR 10 City Brighton State CO Zip 80601 City Fort Lupton State CO Zip 80621 Phone Business Phone (970) 526-7730 Fax Fax E-mail E-mail tmmy@watersupplyllc.com ♦= Existing Access A= Proposed Access Parcel Location&Sketch The access is on WCR 17 Nearest Intersection:WCR 22 &WCR 17 WCR 24 Distance from Intersection 2640' r Parcel Number 1311 08 400008 cc i ^ 3 Section/Township/Range 8-2-67 t 3 Is there an existing access to the property? YES N I r 9 Number of Existing Accesses Two LI, 1r Road Surface Type&Construction Information Asphalt_ Gravel_ Treated _ Other WCR 22 Culvert Size &Type Materials used to construct Access Construction Start Date Finish Date Proposed Use o Temporary(Tracking Pad Required)/$75 ❑ Single Residential/$75 ❑ Industrial/$150 o Small Commercial or Oil &Gas/$75 a Large Commercial/$150 ® Subdivision/$150 a Field (Agriculture Only)/Exempt Is this access associated with a Planning Process? o No ❑ USR ❑ RE x PUD ❑Other Required Attached Documents - Traffic Control Plan -Certificate of Insurance -Access Pictures(From the Left, Right,& into the access) By accepting this permit,the undersigned Applicant, under penalty of perjury,verifies that they have received all pages of the permit application;they have read and understand all of the permit requirements and provisions set forth on all pages;that they have the authority to sign for and bind the Applicant, if the Applicant is a corporation or other entity;and that by virtue of their signature the Applicant is bound by and agrees to comply with all said permit requirements and provisions,all Weld County ordinances,and state laws regarding facili/titess construction. Signature �Wti� ✓ Printed Name C-Ln' . .t-X-4-4 Date -I\ 1n I.; `f______ Approval or Denial will be issued in minimum of 5 days. Approved by Revised Date 6/29/10 Landowner Management Plan Name Panorama Estates Planned Unit Development Address_CR 17 and CR 24 Phone: 970-381-0526 Management Plan Review Dates: 1. Brief description of land and current use(s) The site is currently farmed ground planted in grass. 2. Future plans for the land The site is planned for a 16 lot residential Planned Unit Development. 3A. Negative Resources Weed Species. Acres Infested. Specific location of infestation(s) on land. (Wetland, along ditch, fence line, etc.) Inspection of the property at this time is not possible do to the snow cover as of February 13, 2014 Other Negative Resources 3B. Positive Resources 4. Management Plan Monitoring for the invasion of noxious weeds such as field bindweed and Canada thistle will be done from May through October. If these species are detected they will be chemically treated at the correct stage. Field bindweed will be in the flower stage and Canada thistle will be 6 to 10 inches up to bud stage. Herbicide options for both species include: a 2,4-D and Dicamba mix or Tordon 22K. For Canada thistle only Milestone may be used. Include a surfactant with either herbicide mix. If kochia, sunflowers, or Russian thistle invade any of the bare-ground or disturbed areas it is suggested that these species be mowed to a height of 6 to 12 inches throughout the summer to limit seed development or sprayed with an herbicide like Outlaw(2,4-D and Dicamba mixes) with a surfactant or a Glyphosate product if there are no beneficial grasses present, in the spring to early summer to control the plants development and establishment. If puncturevine invades the PUD, the site will either be disked or have chemical treatments made. Chemical options include 2,4-D and surfactant or a glyphosate product. The caution with Milestone and Tordon 22K is the planting on landscape materials. Therefore the establishment and development time frame of the landscaping materials will dictate which products are utilized. Page 1 of 1 Sheri Lockman From: "Matt Delich"<matt@delichassoc.com> Date: Thursday,January 16,2014 9:40 AM To: "Sheri Lockman"<sherilockmant?awhat-wire.com> Subject: Re: Panorama Estates Sheri, The Firestone/WCR17 intersection was not addressed because Janet Carter did not request any analyses at it. It appears that Dave Lindsay was NOT sent our TIS memo. If he was he may not have made this comment. The traffic volume on WCR17, north of the site access, is 106 vehicles per day (Figure 3). From available aerials, there are only a few (2-3) homes/uses that access this segment north of the site. Given the counted traffic and my judgment, the Firestone/WCR17 intersection operates/will operate acceptably and no auxiliary lanes will be required. With regard to the dust issue, the TIS memo does recommend dust suppression due to future traffic volumes. If I will be involved in additional work related to responses beyond this email, I am assuming that it will be billable work to the client. Please confirm this. Thanks. Matt On 1/16/2014 9:05 AM, Sheri Lockman wrote: Good morning Mat, We just got our referral comments back from our sketch plan for Panorama Estates. The Town of Firestone had some concerns about the corner of CR 17 and Firestone Blvd. Can you take a look at#4 on the attached referral and let us know if it has already been addressed in the TN or if additional work needs to be done. Thanks for your help. Sheri Lockman Lockman Land Consulting, LLC 36509 CR 41 Eaton,CO 8O615 970-381-0526 Matthew J. Delia, 2.F. , F'lOE DEL-CH ASSOCIATES 22 ;2 Glen Haven Drive Loveland, CO 80536 Phone: 970-669-2061 FAX: 970-669-5034 EMA-L: -@dol H. 1 Doioi . or, 2/10/2014 DESIGN GUIDELINES (PANORAMA ESTATES) Pursuant to Article 8 of the Declaration of Covenants, Conditions, Restrictions and Easements for Panorama Estates, the undersigned, constituting the entire Design Review Committee ("DRC" or "Committee") hereby adopts and establishes the following Design Guidelines relating to certain procedures, materials to be submitted and factors to be considered in connection with approval of any proposed Improvement to any portion of the property constituting Panorama Estates. Said Design Guidelines shall remain in force and effect until further modified, amended, supplemented, terminated and/or withdrawn by the DRC: I. APPLICATION PROCEDURES A. Design Review Objectives: 1. The Design Review Committee in examining each application shall consider whether or not the improvement of the Property(as defined in the Declaration) is in conformance with the Declaration and achieves the following purposes and objectives of architectural and design review: (i) To preserve and enhance the values of the properties in the community (ii) To maintain a harmonious relationship among structures, vegetation, topography and the overall design of the community. B. General Procedures for Any Improvement: 1. All submittals must conform to the requirements set forth herein. Incomplete submittals will not be reviewed. 2. Oral requests will not be considered. 3. Each Improvement, alteration and/or addition must be specifically approved even though the intended Improvement, alteration and/or addition conforms to the Declaration, and even when a similar or substantially identical Improvement, alteration and/or addition has been previously approved, except where such proposed alteration or addition is specifically exempt from the application requirement by the guidelines. 4. Each application for approval shall include the following: (a) A copy of a site plan of the Parcel,which shall show the following information: 1. Sketch plan showing general layout of all planned building structures (home, garage, shop, ect.) 2. A building footprint with dimensions from the front, rear, and side property lines of the Parcel. 3. A complete set of construction plans and specifications. Said plans and specifications shall include the following minimum requirements: a. Floor plans of all levels of any Dwelling Unit, which plans shall contain sufficient detail to describe the elements of the floor plan design. b. Total square footage for each level of any Dwelling Unit. c. Building elevations on all sides of the proposed structure containing sufficient detail to determine roof form, pitch and material, and siding material. d. A written description and samples of the materials to be used in the roof and exterior walls of the structure. e. Color samples (minimum 1 square foot) of any paint or stain to be applied to the exterior of any and all improvements. II. DESIGN STANDARDS The Committee shall evaluate each submission based on the individual merits of the application. The Committee shall base its judgment of acceptable design upon the following design standards: I. Validity of Concept. The basic ideas of the proposed Improvement must be sound and appropriate to its surroundings, and must not detract from the aesthetic or property values of Coyote Ridge Estates. 2. Design Compatibility. The proposed change must be compatible with the architectural characteristics of Panorama Estates buildings and grounds. Compatibility is defined as reasonable similarity in architectural style and quality of workmanship; and similarity in use of materials, color and construction details. 3. Constraints Upon Operating, Maintenance and Insurance Costs. The proposed change must not increase the operating, maintenance or insurance costs of Panorama Estates, in amounts incommensurate with the value of the change. 4. Compliance with City, County, State or Other Laws. It is the responsibility of the owner to present evidence that the proposed change will not circumvent any state, county, or national laws or regulations. 5. Dwelling Size. The ground floor for a one-story residential dwelling constructed upon any Parcel shall contain not less than one thousand one hundred (1,400) square feet of finished living space, excluding open porches, garages and basements. A multi-level residential structure constructed upon any Parcel shall contain not less than an overall minimum of one thousand four hundred (1,800) square feet of total finished living space,excluding open porches, garages and basements. 6. Architectural Requirements. a. Roof Pitch (5x12). The pitch of the roof on each Dwelling Unit shall be not less than five feet (5') of rise (i.e., elevation) for each twelve feet (12') of span(i.e.,width). b. Materials. All Dwelling Units constructed within the Development shall be of materials consistent with the rural, high plains nature of the Development, such as natural, stained or earth tone plank/wood siding, masonite siding, stucco, brick or stone. High quality vinyl, aluminum or other metal siding may be allowed in the discretion of the DRC. All materials used on the front elevation shall also be incorporated on all four-sides of any Building or other Improvement. Reflective roof materials and similar materials inconsistent with the character of the Development are prohibited. c. Color. All Dwelling Units and other structures (shop, garage, barns, sheds, ect.) constructed on any Parcel shall be stained or painted such natural colors 2 as shall be authorized and approved in writing by the DRC. Bright colors shall not be permitted as the primary color of any Dwelling Unit and outbuildings. It is the intent of these restrictions that colors of Dwelling Units and other structures within the Development shall be such as to minimize the visual impacts and to otherwise be compatible with the rural, high plains nature of the Development. III. LIABILITY OF THE DESIGN REVIEW COMMITTEE No action taken by the Design Review Committee or any member, subcommittee, employee or agent thereof, shall entitle any person to rely thereon, with respect to conformity with laws, regulations, codes or ordinances, or with respect to the physical or other condition of any Parcel, or with respect to the safety, whether structural, or otherwise, of an Improvement. Neither the Panorama Estates Homeowners Association, nor the Design Review Corn m ittee, nor any member, subcommittee, employee or agent shall be liable to anyone submitting plans to them, for approval or to any owner, member or any other person in connection with any submission of plans, or the approval or disapproval thereof, including, without limitation, mistakes in judgment, negligence or nonfeasance. Every person or other entity submitting plans to the Design Review Committee agrees, by the submission of such plans, that no action or suit will be brought against the Panorama Estates Homeowners Association, or the Design Review Committee (or any member, subcommittee, employee or agent thereof) in connection with such submission and/or approval or disapproval thereof. IV. AMENDMENTS The Design Review Committee shall have the right to amend and modify these guidelines at any time in its sole discretion, provided that no modification or amendment shall adversely affect any previously approved plans. V. RIGHT OF WAIVER/VARIANCE The Design Review Committee reserves the right to waive or vary any of the procedures or standards set forth in these Design Guidelines,at its sole discretion, for good cause shown. ADOPTED this day of ,20 NAME NAME NAME 3 ..land Consulting, LKC ° 36509 WCR 41 Eaton, CO 80615 970-381-0526• .l Weld County Departmenet of Planning Services Attention : Chris Gathman 1555 North 17th Avenue Greeley, Colorado 80631 Dear Mr. Gathman, The attached application is for Panorama Estates Change of Zone. We have worked diligently to ensure that all issues have been adequately addressed. Therefore, please consider this our request for a staff review of our Final Plan. As we discussed earlier, Panorama Estates Final Plan may need to be done in two phases in order to meet Water District requirements. We are hoping that phasing will not be necessary so the preliminary improvements agreement includes costs for the entire subdivision. We appreciate your assistance in completing our application for Panorama. Thank you, Sheri Lockman Weld County Treasurer Statement of Taxes Due Account Number R6782087 Parcel 131108400008 Assessed To GODDARD INVESTMENTS LLC PO BOX 67 BRIGHTON.CO 80601-0067 Legal Description Slue Address PT N2SE4 8-2-67 LOT B REC EXEMPT RECX12-0025 Year Tax Interest Fees Payments Balance Tax Charge 2013 $55.23 $0.00 $0.00 ($55.23) $0.00 Total Tax Charge $0.00 Grand Total Due as of 05/21/2014 $0.00 Tax Billed at 2013 Rates for Tax Area 2259-2259 Authority Mill Levy Amount Values Actual Assessed WELD COUNTY 16.8040000* $18.99 AG-DRY FARM LAND $3,859 $1,120 SCHOOL DIST REI 9.7600000 $11.03 AG-WASTE LAND $20 $10 NORTHERN COLORADO WATER 1.0000000 $1.13 Total $3,879 $1,130 (NC MOUNTAIN VIEW FIRE 11.7470000 $13.27 AIMS JUNIOR COLLEGE 6.3020000 $7.12 HIGH PLAINS LIBRARY 3.2640000 $3.69 Taxes Billed 2013 48.8770000 $55.23 *Credit Levy ALL TAX LIEN SALE AMOUNTS ARE SUBJECT TO CHANGE DUE TO ENDORSEMENT OF CURRENT TAXES BY THE LIENHOLDER OR TO ADVERTISING AND DISTRAINT WARRANT FEES. CHANGES MAY OCCUR AND THE TREASURER'S OFFICE WILL NEED TO BE CONTACTED PRIOR TO REMITTANCE AFTER THE FOLLOWING DATES: PERSONAL PROPERTY AND MOBILE HOMES-AUGUST 1,REAL PROPERTY-AUGUST 1. TAX LIEN SALE REDEMPTION AMOUNTS MUST BE PAID BY CASH OR CASHIERS CHECK. Weld County Treasurer•P.O.Box 458, Greeley CO 80632•1400 N 17th Ave,Greeley CO 80631 •(970)353-3845 ext.3290 IMPROVEMENTS AGREEMENT ACCORDING TO POLICY REGARDING COLLATERAL FOR IMPROVEMENTS Panorama Estates PUD 13-0002 Part 1: Site Specific Provisions Part 1: Improvements and Maintenance Requirements A. Required Off-Site Improvements: 1.0 Weld County Road 17:. 2.0 Road Improvements Responsibilities: 3.0 Engineering Design and Construction Plans: 4.0 Construction Standards: 5.0 Traffic Control: 6.0 Off-Site Dust Control/Abatement and/or Paving(If Applicable): 7.0 Future Improvements: 8.0 Timing of Improvements: 9.0 Acceptance of Off-Site Improvements: B. County Road Maintenance Requirements: 1.0 Obligation to Maintain Current and Future traffic Routes: 2.0 Annual Road Inspection: 3.0 Sharing of Road Maintenance Responsibilities with Other Property Owner and/or Lessees: 4.0 Violation of Terms of Agreement: C. On-Site Improvements: 1.0 Landscaping and Fencing Requirements: 2.0 On-Site Grading, Drainage Facilities and Paving: 3.0 Timing of Improvements: 4.0 Acceptance of On-Site Improvements: Part 2:General Provisions D. General Requirements: 1.0 Engineering Services: 2.0 Rights-of-way and Easements: 3.0 Construction: 4.0 Release of Liability: 5.0 Warranty of On-Site and Off-Site Improvements: 6.0 Acceptance of On-Site and/or Off-Site Improvements by the County: 7.0 General Requirements for Collateral: 8.0 Request for Release of Collateral: 9.0 Successors and Assigns: 10.0 County Engineer: 11.0 Violation of Terms of Agreement: F. Governmental Immunity: G. Enforcement: H. No Third Party Beneficiary Enforcement: Authority to Sign: IMPROVEMENTS AGREEMENT ACCORDING TO POLICY REGARDING COLLATERAL FOR IMPROVEMENTS Panorama Estates PUD 13-0002 Part 1: Site Specific Provisions THIS AGREEMENT is made this day of , 201 , by and between Panorama Estates, LLC, a partnership organized under the laws of the State of Colorado, whose address is 9075 CR 10, Fort Lupton, Colorado, hereinafter referred to as "Property Owner," authorized to do business in the State of Colorado, and the County of Weld, a body corporate and politic of the State of Colorado, by and through its Board of County Commissioners, whose address is 1150 "O" Street, Greeley, Colorado 80631 hereinafter referred to as"County" or"the County." WITNESSETH: WHEREAS, Property Owner is the owner of, the following described property in the County of Weld, Colorado: Lot RE 12-0024 being part of the N2 SE4 of Section 8, Township 2 North, Range 67 West of the 6th P.M., Weld County, Colorado, hereinafter referred to as "the Property;" and WHEREAS, a final Planned Unit Development (PUD) Plat of said property, to be known as Panorama Estates Planned Unit Development,has been submitted to the County for approval; and WHEREAS, relevant Sections of the Weld County Code provide that no Planned Unit Development Final Plat shall be approved by the County until the applicant has submitted an Improvements Agreement guaranteeing the construction of the public improvements shown on plans, plats and supporting documents of the Planned Unit Development Final Plat, which improvements, along with a time schedule for completion, are listed in Exhibits"A" and"B"of this Agreement. WHEREAS, the parties agree that the Property Owner shall provide collateral for on-site and/or off-site improvements required by this Agreement upon execution of this Agreement, or at a time determined acceptable by the County. NOW, THEREFORE, IN CONSIDERATION OF the foregoing and of the promises and covenants contained herein,the parties hereto promise, covenant and agree as follows: Part 1: Improvements and Maintenance Requirements A. Required Off-Site improvements: 1.0 Weld County Road 17: The Property Owner shall be responsible for the construction of certain on-site and off-site safety improvements, which shall include: • construction of adequate turning radii sixty (60) feet at the main entrances and exits which extend partially into CR 17 right-of-way (ROW), • construction of drainages indicated on the Construction Plans • installation of signs as indicated on the Construction Plans. 1 • application of magnesium chloride from Panorama Estates entrance to County Road 24 prior to construction. 2.0 Road Improvements Responsibilities: Property Owner is responsible for designated improvements, as specified above in Section A.1.0, on CR 17, and for construction improvements mandated by the Colorado Department of Transportation (hereinafter "CDOT") and/or the County, and for a prorated share of expenses associated therewith. These responsibilities include, but are not limited to the following: design, surveys, utility locates, present and future right-of-way clearances and permits; coordination with oil and gas operators and facilities, and affected irrigation facilities; traffic control; and project safety during construction. Property Owner shall obey applicable regulations issued by the Occupational Safety and Health Administration (hereinafter "OSHA"), CDOT, Colorado Department of Public Health and Environment, (hereinafter "CDPHE") and other Federal, State or County regulatory agencies. 3.0 Engineering Design and Construction Plans: For Off-Site Improvements as set-forth in Sections A.1.0-2.0 above, engineering designs and construction plans must be provided by Property Owner and shall include: ingress/egress entrance intersection layouts, existing and proposed grading, drainage designs, storm drainage pipe sizes and inverts, a cross section of the base/asphalt, approach roads, and adequate turning radii, and pavement markings. Plans showing work within the County right-of-way shall be reviewed and accepted by the County, prior to the start of construction. For construction in the County right-of-way, prior to the issuance of any access permit or right-of- way permit, a construction schedule giving times and locations of proposed improvements shall be provided to Public Works for review and acceptance. The approved and accepted construction plans are a part of this Agreement. 4.0 Construction Standards: Construction and materials controls for the project and any designated improvements shall conform to the requirements in effect as the time of the completion of the improvements set forth in the "Standard Specifications for Road and Bridge Construction" provided by CDOT. 5.0 Traffic Control: Prior to construction in the County Right- Of Way and/or State Right-Of-Way and as a condition of issuance of an access permit or Right-Of-Way permit, the Property Owner shall submit a traffic control plan for County review. During construction, appropriate safety signage shall be posted in accordance with the then current version of the Manual of Uniform Traffic Control Devices ("MUTCD"). 6.0 Off-Site Dust Control/Abatement and/or Paving (If Applicable): The Property Owner is required to pay for a proportional share of magnesium chloride application from the entrance to the Panorama Estates to County Road 24 approximately two times per year, as determined by the County. County will determine the proportionate share of dust control and/or paving costs to be paid by Property Owner based upon then current Equivalent Single Axle Load (ESAL) Counts that identify traffic loading due to Property Owner sourced traffic. The amount and extent of dust control and paving measures will be determined by site-specific conditions at the time, as determined by County personnel. In order to accurately determine percentage of Property Owner traffic, the County reserves the right to install traffic counters on the entrance to Panorama Estates. The percentage of traffic utilizing County roads in the vicinity of the site attributable to Property Owner (or their contractors, clients, tenants, or customers) activities will be determined by traffic counts conducted 2 by the County on County Road 17. The County will have sole responsibility for determination of the percentage of traffic on County Road 17 attributable to Panorama Estates activity. 7.0 Future Improvements: Future improvements to County Road 17 from the entrance to Panorama Estates to County Road 24 may be required by County. Property Owner shall address County access issues associated with County Road 17. Future County mandated measures may include improvements to intersections or roadways then utilized by Property Owner. Property Owner shall pay a proportionate share of the cost of the future improvements along County Road 17 (including engineering designs and construction plans). The Property Owner's proportionate share shall be based on the Applicant's share of ESAL Counts using projected ESAL Counts for the next five years on County Road 17 in the implementation of the future improvements. County personnel shall make determinations regarding the gathering of and use of traffic data when making decisions regarding cost sharing. In order to accurately determine percentage of Property Owner traffic, the County reserves the right to install traffic counters at the entrance to Panorama Estates. Future improvements will be subject to any Federal, State or County regulations in place at the time the improvement project is initiated. Other roadways Improvements may be triggered due to traffic associated with Panorama Estates including the following: a. 300 vehicles per day- Alternative Pavement b. 400 vehicles per day- Asphalt Pavement The above example improvements are only required when traffic volumes meet the American Association of State Highways & Transportation Officials(AASHTO) site-specific triggers. 8.0 Timing of Improvements: Subject to the provisions of Weld County Code Sec. 23-2- 290 and conditions or considerations granted by the Board of County Commissioners, Property Owner shall not be required to complete the aforementioned offsite improvements as described in Sections A.1.0-2.0 until the occurrence of the triggering event for each improvement, namely the granting of the Grading Permit, Building Permit or Right-Of-Way access permit or the commencement of activities on the property(s). At that time, Property Owner agrees that on-site and offsite improvements shall commence and shall be completed within the parameters established in Sections A.1.0, A.3.0 and D.7.2, and Exhibit B, herein. 9.0 Acceptance of Off-Site Improvements: Upon completion of the off-site improvements, Property Owner shall contact a representative of the Weld County Department of Public Works and request an inspection of the ofd site improvements described in Sections A.1.0-2.0 above. The County's representatives shall then initiate the acceptance process set forth in Sections E.6.1-6.3. 9.1 All references in this Agreement to "Acceptance of Improvements" shall refer to the County confirming completion of said improvement(s) according to the accepted construction plans. By accepting any improvement, the County does not thereby accept said improvement for purposes of future maintenance, nor does the County accept any present or future responsibilities or obligations relative to these improvements. The County does not and shall not assume liability for improvements designed and/or constructed by others. 3 B. County Road Maintenance Requirements: 1.0 Obligation to Maintain Current and Future traffic Routes: Property Owner will be financially responsible for the excavation, repair, and patching of any damage on current or future roads, which in the opinion of County has been created by traffic to and from the Property. The type and method of repair will be determined by the County Engineer or his representative. Repairs shall commence within 48 hours of notification by the County for any roadway damage that exposes the driving public to adverse or unsafe driving conditions. All other repairs shall commence within thirty (30) days of receipt of Weld County's written notice. 1.1 Need for Immediate Repairs: In the event of damage to the traffic Route by Panorama Estates traffic that causes an immediate threat to public health and safety or renders the road impassible ("Significant Damage"), County shall, after inspection, notify Property Owner of such Significant Damage. Property Owner shall identify the repair required and shall consult with County on the extent, type, timing, materials and quality of repair (i.e. temporary versus permanent) within twenty-four (24) hours after receipt of such notice and shall commence such repair within forty-eight (48) hours after receipt of such notice. If such repair is not commenced within such forty-eight (42) hour period, County shall have the right to draw on the Road Maintenance Collateral and use such funds to perform such repair. If Property Owner identifies Significant Damage prior to receiving notice thereof from County, Property Owner may commence repair of such Significant Damage and shall concurrently notify County of the extent, type, timing, materials and quality of repair(i.e. temporary versus permanent). 1.2 Repair of Road: On or before December 31 of the calendar year in which County staff has determined through site analysis and/or pavement testing that a particular traffic route road portion will require paving measures in order to protect the public health, safety, and welfare, and has budgeted sufficient funds for the following calendar year to pay its share of the Off-Site Improvement/Repair Costs, County shall notify Property Owner in writing that the Off-Site Improvements/Repairs shall be undertaken. Within ninety (90) days of its receipt of County's notice of the need to undertake the road maintenance repairs and/or improvements, Property Owner shall submit Off-Site Construction Plans and Cost Estimates to County for review. Property Owner shall have responsibility for the completion of the repairs and/or improvements on or before December 15 of the year following County's notice of the need for repairs. 1.3 At County's discretion, County may undertake the repairs and/or improvements. Property Owner's payment for its Proportionate Share of the road repairs/improvements will be calculated as determined and as applicable in Sections A.6.0 or A.7.0 of this Agreement. 2.0 Mutual Road Inspection: County will conduct a road inspection annually with the cooperation of Property Owner and all other Property Owner and/or Lessees who are required by County to participate in road improvement/maintenance agreements. As a result of the annual inspection, County, in its sole discretion, shall determine actual conditions and shall further determine what road repair/improvement/maintenance work is to be performed during that 4 construction season.Notification to the Property Owner of the required roadway repairs will be given as soon as the data becomes available. 3.0 Sharing of Road Maintenance Responsibilities with Other Property Owner and/or Lessees: It is anticipated that Property Owner and other Property Owner and/or Lessees subject to agreements similar to this Agreement will perform the required road maintenance work and will share in the equipment, labor, and materials required. Any such sharing arrangement between Property Owner and/or Lessee, and other Property Owner and/or Lessees shall be conducted pursuant to separate agreements between the Property Owner and other Property Owner and/or Lessees. County shall approve the Agreements only to determine whether the required improvements/maintenance projects have been adequately addressed. County alone shall determine the sufficiency of all road improvement/maintenance projects when completed. 4.0 Violation of Terms of Agreement: If Property Owner does not perform as outlined in this Agreement and Exhibits A and B such non-performance will constitute a violation of Property Owner land use permits granted by County, and County will take whatever remedial measures it deems necessary, against Property Owner. C. On-Site Improvements: 1.0 Landscaping and Fencing Requirements: Property Owner shall landscape and/or maintain the landscaping and re-seeding of the property where applicable as shown on the accepted Construction Plans and Panorama Estates plat map. Specifically, Property Owner shall at its own expense, plant, install and/or maintain all grass and other landscaping and re-seeding where applicable as shown on the accepted Construction Plans and Panorama Estates plat map. In the event any of these improvements may include work extending into State or County Right-Of-Way,a Right- Of-Way or access permit is required. 2.0 On-Site Grading, Drainage Facilities and Paving: Property Owner shall, at its sole expense, grade and/or pave, if applicable, specified roadways, accesses, easements and parking areas, and install accepted drainage and signage components , adjacent to or within the interior portion of the property in accordance with the directives of the Weld County Department of Public Works and Department of Planning Services, as further described in the accepted Construction Plans and Panorama Estates Plat Map. The main entrance improvements will include; construction of adequate turning radii at the main site entrance onto CR 17 and an appropriately sized drainage culvert. Any other on-site improvements shall be completed as indicated on the accepted Construction Plans for Panorama Estates. Property Owner shall be responsible for maintenance of on-site improvements. 3.0 Timing of Improvements: Subject to any conditions or considerations granted by the Board of County Commissioners, Property Owner shall initiate improvements as indicated in Exhibit "B". Except with prior County consent, no grading permit will be released until collateral is posted for on-site and off-site improvements and the final Construction Plans have been submitted to and accepted by the Department of Public Works. Access and/or Right-Of-Way permits might also be required prior to approval of the grading permit. Grading shall not commence until Construction Plans are accepted. Any alterations to the accepted Construction Plans must be accepted in writing by the County Planning and Public Works Departments. At that time, and unless otherwise amended, Property Owner agrees that all landscaping and other on-site improvements, as indicated in Section C. 2.0 above shall be completed within the parameters established in Section D.7.2 and Exhibit B. 5 4.0 Acceptance of On-Site Improvements: Upon completion of the on-site improvements, Property Owner shall contact the Weld County Department of Planning Services and the Weld County Department of Public Works and request an inspection of the on-site improvements described in Section C.1.0 and C.2.0 above. The County's representatives shall then initiate the process for "Acceptance of Improvements" set forth in Sections D. 6.1-6.3. The County does not and shall not assume liability for improvements designed and/or constructed by others. Part 2: General Provisions D. General Requirements: 1.0 Engineering Services: Property Owner shall furnish, at its own expense, all engineering services in connection with the design and construction of the improvements identified on the accepted Construction Plans according to the construction schedule set forth in Exhibit "B," both of which are attached hereto and incorporated herein by reference. 1.1 The required engineering services shall be performed by a Professional Engineer and Land Surveyor registered in the State of Colorado, and shall conform to the standards and criteria established by the County for public improvements. 1.2 The required engineering services shall consist of, but not be limited to, surveys, designs, plans and profiles, estimates, construction supervision, and the submission of necessary documents to the County. 1.3 Property Owner shall furnish construction drawings for the road improvements on public rights-of-way or easements and all improvements interior on the Property for approval prior to the letting of any construction contract. 2.0 Rights-of-way and Easements: Before commencing the construction of improvements herein agreed upon for public rights-of-way or easements, Property Owner shall acquire, at the sole expense of Property Owner, good and sufficient rights-of-way and easements on lands and facilities traversed by the proposed improvements. Such rights-of-way and easements used for the construction of roads to be accepted by the County shall be conveyed to the County and the documents of conveyance shall be furnished to the County for recording. 3.0 Construction: Property Owner shall furnish and install, at its own expense, the improvements identified on the accepted Construction Plans and Panorama Estates Plat Map, be solely responsible for the costs listed on Exhibit "A", and described in parts A and C of this agreement, which are attached hereto and/or incorporated herein by reference, with the improvements interior to the Property being completed by the dates set forth on Exhibit "B" (On- site), and improvements to public rights-of-way or easements being completed in accordance with the schedule set forth in Exhibit "B" (Off-site). The Board of County Commissioners, at its option, may grant an extension of the time of completion set forth in Exhibit B stated herein upon application by the Property Owner. 6 3.1 Said construction shall be in strict conformance to the plans and drawings accepted by the County and the specifications adopted by the County. 3.2 Property Owner shall employ, at its own expense, a qualified testing company previously approved by the County to perform all testing of materials or construction; and shall furnish copies of test results to the County. If County discovers inconsistencies in the testing results, Property Owner shall employ at its expense a third party qualified testing company approved by County. Such third party shall furnish the certified results of all such testing to the County. 3.3 At all times during said construction, the County shall have the right to test and inspect, or to require testing and inspection of material and work, at Property Owner's expense. Any material or work not conforming to the approved plans and specifications, including but not limited to damages to property adjacent to the construction plan area shall be repaired, removed or replaced to the satisfaction of the County at the expense of Property Owner. 4.0 Release of Liability: Property Owner shall indemnify and hold harmless the County from any and all liability loss and damage County may suffer as a result of all suits, actions or claims of every nature and description caused by, arising from, or on account of said design and construction of improvements, and pay any and all judgments rendered against the County on account of any such suit, action or claim, together with all reasonable expenses and attorney fees incurred by County in defending such suit, action or claim whether the liability, loss or damage is caused by, or arises out of the negligence of the County or its officers, agents, employees, or otherwise except for the liability, loss, or damage arising from the intentional torts or the gross negligence of the County or its employees while acting within the scope of their employment. All contractors and other employees engaged in construction of the improvements shall maintain adequate worker's compensation insurance and public liability insurance coverage, and shall operate in strict accordance with the laws and regulations of the State of Colorado governing occupational safety and health. 5.0 Warranty of On-Site and Off-Site Improvements: Property Owner shall warranty improvements to public rights-of-way, (if any), and privately created and maintained roads or rights- of-way, or easements, and on-site improvements for a period of two (2) years. The warranty period shall begin after the County's execution of a written acceptance of the improvement(s). 6.0 Acceptance of On-Site and/or Off-Site Improvements by the County: Upon compliance with the following procedures by the Property Owner, the improvements shall be deemed accepted by the County, if collateral had been initially posted for the improvements. This does not represent or ensure the on-site improvements will be constructed and/or available for their intended use(s). The County does not and shall not assume liability for improvements designed and/or constructed by others. 6.1 If requested by the Property Owner and approved by the County, portions of the improvements may be placed in service when completed according to the schedule shown on Exhibit "B," but such use and operation shall not, alone, constitute an acceptance of said portions of the improvements. 7 6.2 Upon completion of the construction of the required on-site and/or off-site improvements, and the filing of a Statement of Substantial Compliance by Property Owner's engineer, the Property Owner may, as set forth in Section A.9.0, request in writing that the County inspect the improvements and recommend to the Board of County Commissioners that the improvements be accepted and further that the two-year warranty period begin. Upon completion of the two-year warranty period, the County Engineer shall, upon request by the Property Owner, inspect the subject improvements, and notify the Property Owner of any deficiencies. If any deficiencies are discovered, the Property Owner shall correct the deficiencies. The County Engineer shall re-inspect the improvements after notification from the Property Owner that said deficiencies have been corrected. If the County Engineer finds that the improvements are constructed according to County standards, he or she shall recommend full acceptance. Upon a receipt of a positive unqualified written recommendation from the County Engineer for acceptance of improvements within the Planned Unit Development, the Board of County Commissioners shall fully accept said improvements. 6.3 Upon completion of the construction of the required on-site improvements, and the filing of a Statement of Substantial Compliance, when necessary, by Property Owner's engineer, the Property Owner may, as set forth in Section C.4.0, request in writing that the County inspect the improvements and recommend to the Board of County Commissioners that the improvements be accepted if collateral had been initially posted for the improvements, and further that the two-year warranty period begin. Upon completion of the two- year warranty period, the County Engineer and/or the Weld County Department of Planning Services shall, upon request of the Property Owner, inspect the subject improvements, and notify the Property Owner of any deficiencies. If any deficiencies are discovered, the Property Owner shall correct the deficiencies. The County Engineer and /or the Department of Planning Services shall re-inspect the improvements after notification from the Property Owner that deficiencies have been corrected. If the County Engineer and/or Department of Planning Services find that the improvements are constructed according to County standards, he or she shall recommend full acceptance. Upon a receipt of a positive unqualified written recommendation from the County Engineer and/or the Department of Planning Services for acceptance of improvements within the Planned Unit Development, the Board of County Commissioners shall fully accept said improvements. 7.0 General Requirements for Collateral: 7.1 County requires Property Owner to provide collateral to guaranty Property Owner's obligations under this Agreement. Project Collateral for completion of all improvements described in this Agreement shall be provided for on-site and/or off-site improvements with no on-site collateral for Panorama Estates required at this time. 8 7.2 Project Collateral submitted to Weld County to guarantee completion of the improvements identified on the accepted Construction Plans and Panorama Estates Plat Map and further enumerated in the costs listed in Exhibit "A," must be equivalent to One-Hundred Percent (100%) of the value of the improvements as shown in this Agreement. This collateral must be submitted to County upon the execution of this Agreement, or at a time determined acceptable by the Board of County Commissioners, and shall be held in total by County as provided in Paragraph D.7.3 below until applicable improvements have been completed. 7.3 Warranty Collateral for on-site and/or off-site improvements shall be submitted to County and shall be held in total by the County for two (2) years following its written acceptance of the improvement(s). 7.4 In the event Property Owner fails to adequately complete and/or repair improvements associated with this Improvements Agreement, County will access, in its sole discretion, Project or Warranty Collateral to the extent necessary to complete said improvements or repairs in order to preserve public interest. 7.5 Collateral may be in the form of an irrevocable letter of credit (LOC) in an amount equivalent to one-hundred percent (100%) of the total value of the improvements set forth in the Improvements Agreement and the Plat; the LOC shall be subject to the requirements of Weld County Code Section 2-3- 30 B. The Property Owner shall utilize a County approved form when obtaining an LOC: (IRRVEVOCABLE STANDBY LETTER OF CREDIT FOR BOARD OF COUNTY COMMISSIONERS OF WELD COUNTY, COLORADO). A copy of said form shall be provided to Property Owner upon request. 7.6 Collateral may be in the form of a surety bond given by a corporate surety authorized to do business in the State of Colorado in an amount equivalent to one hundred percent (100%) of the value of the improvements set forth in the Improvements Agreement and the Plat. The surety bond shall conform to and be subject to the requirements of Weld County Code Section 2-3-30 B.4. The Property Owner shall utilize only a County approved form when obtaining a surety bond: (PERFORMANCE BOND FOR BOARD OF COUNTY COMMISSIONERS OF WELD COUNTY, COLORADO). A copy of said form shall be provided to Property Owner upon request. 7.7 Collateral may be in the form of a cash deposit made with the Board in an amount equivalent to One Hundred Percent (100%) of the value of the improvements set forth in the Improvements Agreement. In the event the Property Owner is required to warranty the improvements, the Property Owner shall replace the original deposit with a deposit in the amount of fifteen percent (15%) of the original amount and those funds shall remain available to the County until released by the County at the end of the warranty period. 9 7.8 The County reserves the right to reject collateral which is deemed inappropriate or insufficient, which may be either as collateral in the form of a letter of credit offered by a banking institution which does not have at least a "three star"rating given by Bauer Financial, or as collateral in the form of a performance bond offered by an insurance company which does not have at least a B+ rating given by A.M. Best. The Board further reserves the right to require Property Owner to obtain replacement collateral if the rating of the financial institution providing said collateral drops below the levels stated above. Replacement collateral shall be submitted by Property Owner within sixty (60) days of the Board's notice to Property Owner that the rating has fallen and that the collateral must be replaced. Property Owner may not terminate existing collateral until replacement collateral has been secured. 8.0 Request for Release of Collateral: Collateral shall be released in accordance with the provisions of Weld County Code Section 2-3-30.C. Prior to release of collateral for the entire project or for a portion of the project by Weld County, the Property Owner must present a Statement of Substantial Compliance from an Engineer registered in the State of Colorado. The Statement of Substantial Compliance shall state that the project or a portion of the project has been completed in substantial compliance with accepted plans and specifications documenting the following: 8.1 The Property Owner's Engineer or his representative has made regular on-site inspections during the course of construction and the construction plans utilized are the same as those accepted by Weld County. 8.2 For the improvements to public rights-of-way or easements, test results must be submitted for all phases of this project as per Colorado Department of Transportation (CDOT) Schedule for minimum materials sampling, testing and inspections found in CDOT Materials Manual. 8.3 "As-built" plans shall be submitted at the time the letter requesting release of collateral is submitted or at such time as the Property Owner has completed improvements as shown on the Panorama Estates Accepted Construction Plans and Plat Map, and shall be stamped and approved by an Engineer registered in the State of Colorado, if an Engineer was initially required for the project. The Property Owner's Engineer shall certify that the project "as- built" is in substantial compliance with the plans and specifications as approved, or that any material deviations have received prior written acceptance from the County Engineer. 8.4 The Statements of Substantial Compliance must be accompanied, if appropriate, by a letter of acceptance of maintenance and responsibility by the appropriate utility company, special district or town for any utilities. 8.5 A letter must be submitted from the appropriate Fire Authority, if applicable, indicating the fire hydrants are in place in accordance with the approved plans. The letter shall indicate if the fire hydrants are operational and, if required by the County, state the results of fire flow tests. 10 8.6 The requirements in the paragraphs 8.0 through 8.5 shall be noted in the final Construction Plans. 8.7 Following the submittal of the Statement of Substantial Compliance and written recommendation of acceptance of the improvements by the Weld County Department of Planning Services and the Weld County Department of Public Works, the Property Owner(if Property Owner has supplied any or all of the collateral) may request release of the collateral for the project or portion of the project by the Board. This action will be taken at a regularly scheduled public meeting of the Board. 8.8 Following the written request for partial release of the "Project Collateral", the Weld County Department of Planning Services and the Weld County Department of Public Works County shall inspect the on-site and/or off-site improvements. If the improvements require mitigation or further repairs are required, said work must be completed prior to the partial release of"Project Collateral". For all on-site and/or off-site improvements (including improvements to public rights-of-way or easements), the written request for release of"Project Collateral" shall be accompanied by"Warranty Collateral" in the amount of fifteen percent (15%) of the value of the improvements as shown in this Agreement. 8.9 Following the written request for release of the "Warranty Collateral", the Weld County Department of Planning Services and the Weld County Department of Public Works County shall inspect the improvements. If the improvements require mitigation or further repairs are required, said work must be completed prior to the conclusion of the Warranty period. The "Warranty Collateral" shall be released to the Property Owner following the expiration of the warranty period upon final written acceptance by the Board of County Commissioners. 9.0 Successors and Assigns: This Agreement may not be delegated, transferred or assigned in whole or in part by Property Owner without the express written consent of County and the written agreement of the party to whom the obligations under this Agreement are assigned. Property Owner's release of its obligations shall be accomplished by County's execution of a new Improvements Agreement with the successor owner of the property. Consent to a delegation or an assignment will not be unreasonably withheld by County. In the event of sale of the Property, County may agree to release Property Owner in whole or in part from obligations under this Agreement. County's rights and obligations under this Agreement shall automatically be delegated, transferred or assigned to any municipality which, by and through annexation proceedings, has assumed jurisdiction and maintenance responsibility over the roads affected by this Agreement. All of the terms and conditions set forth in this Agreement shall be binding upon the heirs, executors, personal representatives, successors and assigns of Property Owner, and upon recording by the County, shall be deemed a covenant running with the land herein described. 10.0 County Engineer: All references in this Agreement to "County Engineer" shall refer to the any individual or individuals appointed by the County Engineer to act on his/her behalf. 11 11.0 Violation of Terms of Agreement: If in County's opinion, Property Owner has violated any of the terms of this Agreement, County shall notify Property Owner of its belief that the Agreement has been violated and shall state with specificity the facts and circumstances which County believes constitute the violation. Property Owner shall have fifteen (15) days within which to either cure the violation or demonstrate compliance. If, after fifteen (15) days have elapsed, County believes in good faith that there has been a violation of the terms of this Agreement, County shall initiate proceedings to revoke the permit which is the subject matter of this Agreement. Violations of the terms of this Agreement include violations of the agreements contemplated by Sections B.4.0 & B.5.0 of this Agreement, and a failure to enter into such Agreements in a timely manner. F. Governmental Immunity: No term or condition of this agreement shall be construed or interpreted as a waiver, express or implied, of any of the immunities, rights, benefits, protections or other provisions, of the Colorado Governmental Immunity Act §§24-10-101 et seq., as applicable now or hereafter amended. G. Enforcement: If, in the County's opinion, Property Owner has violated any of the terms of this Agreement, County shall notify Property Owner of its belief that the Agreement has been violated and shall state with specificity the facts and circumstances which the County believes constitute violation. Property Owner shall have thirty (30) days within which to either cure the violation or demonstrate compliance. If, after thirty (30) days have elapsed, County believes in good faith that a violation of the terms and conditions of this Agreement still exists (despite cure), County may enforce by any legal means, including, but not limited to, legal action for equitable or monetary relief filed in the Weld District Court, execution upon submitted collateral (if applicable), and/or administrative action of the County to suspend or revoke the underlying land use permit or approval pursuant to the procedural provisions of Section 2-4-40 of the Weld County Code. Violations of the terms and conditions of this Agreement include, but are not limited to, violations of the agreements Property Owner must enter into as required by this Agreement, and/or failure to enter into such agreements in a timely manner. H. No Third Party Beneficiary Enforcement: It is expressly understood and agreed that the enforcement of the terms and conditions of this Agreement, and all rights of action relating to such enforcement, shall be strictly reserved to the undersigned parties, and nothing contained in this Agreement shall give or allow any claim or right of action whatsoever by any other person or entity not included in this Agreement. It is the express intention of the undersigned parties that any person or entity, other than the undersigned parties, receiving services or benefits under this Agreement shall be an incidental beneficiary only. I. Authority to Sign: Each person signing this Agreement, and associated Exhibits, represents and warrants that he or she is duly authorized and has legal capacity to execute and deliver this Agreement. Each party represents and warrants to the other that the execution and delivery of the Agreement and the performance of such party's obligations hereunder have been duly authorized and that the Agreement is a valid and legal agreement binding on such party and enforceable in accordance with its terms. If requested by the County, Property Owner shall provide the County with proof of Property Owner's authority to enter into this Agreement within five (5) days of receiving such request. 12 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed on the day and year first above written. PROPERTY OWNERS: SIGNATURE PRINTED NAME TITLE (If Applicable) STATE OF COLORADO ) ) ss. County of Weld ) The foregoing instrument was acknowledged before me this day of , 201_, by WITNESS my hand and official seal. Notary Public My commission Expires: SIGNATURE PRINTED NAME TITLE (If Applicable) STATE OF COLORADO ) ) ss. County of Weld ) The foregoing instrument was acknowledged before me this day of 201 ,by WITNESS my hand and official seal. Notary Public My commission Expires: 13 LESSEE(If Applicable): SIGNATURE PRINTED NAME TITLE STATE OF COLORADO ) ) ss. County of Weld ) The foregoing instrument was acknowledged before me this day of ,201 , by WITNESS my hand and official seal. Notary Public My commission Expires: BOARD OF COUNTY COMMISSIONERS WELD COUNTY, COLORADO ATTEST: , Chair Weld County Clerk to the Board BY: Deputy Clerk to the Board APPROVED AS TO FORM: County Attorney 14 DECLARATION OF COVENANTS, CONDITIONS, RESTRICTIONS AND EASEMENTS FOR PANORAMA ESTATES THIS DECLARATION OF COVENANTS, CONDITIONS, RESTRICTIONS AND EASEMENTS FOR PANORAMA ESTATES is made and entered into this day of 23 , by , a Colorado Corporation ("Declarant") . RECITALS A. Declarant is the owner of certain real property located in the County of Weld, Stale of Colorado, legally described on Exhibit "A" attached hereto and incorporated herein by reference ("Property") . B. Declarant desires Lo create on the Property a single-family residenrial planned unit development, and desires Lo provide for preservation of Lhe aesthetic and architectural amenities of the Development. For that purpose, and for the benefit of the Property and the owners thereof, Declarant desires to subject the Property to the covenants, conditions, restrictions and easements as set forth in this Declaration. C. The name of the Development to be created on the Property shall he PANORAMA ESTATES. D. Panorama Estates Homeowners Association, a Colorado Nonprofit Corporation, will regulate the use of certain access, drainage, irrigation and aLi-i_y easements within the Development, and such portions of the Development as may be designated for ownership by said Association, and to otherwise govern the use and enjoyment by Owners of various Common Elements. ARTICLE 1. SUBMISSION OF PROPERTY The Declarant does hereby publish and declare that the Property shall he held, sold, conveyed, transferred, Leased, subleased and occupied subject to the following easements, covenants, conditions, and restrictions which are for the purpose of protecting the value and desirability of the Property, and which shall run with the Property and shall be binding upon and inure to the benefit of all parties having any right, title, or interest in the Property, or any portico thereof, their heirs, personal representatives, successors, and assigns. ARTICLE 2. DEFINITIONS 2. 1 Definitions. When used in this Declaration, unless the context clearly indicates otherwise, capitalized terms not otherwise defined in the Act or in toe Land Survey Flat for the Property shall have the mean-_rgs provided in the following sections of :his Article: 2. 1.1 "Access Easement" shall mean and refer to the access easement more particularly described in Section 6.2 (a) of this Declaration. 2. 1 .2 "Allocated Interests" shall mean and refer Lo the Cordon Expense Liability and votes in the Association. 2. 1.3 "Approval " or "Consent" shall mean and refer to the prior written approval or consent as required herein before doing, making, or suffering that for which such approval or consent is required. 1 2.1.4 "Assessments" shall mean and refer to all Common Expense Assessments, Special Assessments, Individual Assessments and Fines levied by the Executive Board pursuant to this Declaration, the Bylaws or the Rules and Regulations. 2.1 .5 "Association" shall mean and refer to Panorama Estates Homeowners Association, a Colorado Nonprofit Corporation, its successors and assigns. 2.1. 6 "bylaws" shall mean and refer to any instruments, however denominated, which are adopted by the Association for the regulation and management of the Association, including amendments to those instruments. 2. 1.7 "Common Elements" shall mean and refer to any real estate, easements or real property interests within the Development owned or leased by the Association or over which the Association has acquired easements, including access, drainage, irrigation and utility easements hereafter created pursuant to Section 6.2 and any other property rights owned, leased or otherwise acquired by the Association. "Common Elements" shall also include any storm drainage improvements, structures or other facilities, or other public improvements installed or located (or to be installed or located) within the Development, as well as related off-site improvements, structures or facilities used by cr benefitting the Development and/or installed pursuant to requirement of Weld County as a condition to development of the Development or any part thereof. 2 .1. 8 "Common Expense Assessments" shall mean and refer to all Assessments made for Common Expenses. 2. 1. 9 "Common Expenses" shall mean and refer to expenditures made or liabilities incurred by or on behalf of the Association, together with any allocations to reserves. These expenses for the operation of the Common interest Community include, but are riot limited to: (a) expenses of administering, maintaining, leasing, securing, insuring or replacing the Common Elements, including, but not limited to, common roads; (b) expenses declared to be Common Expenses by this Declaration; (c) expenses agreed upon as Common Expenses by the Association; (d) such reasonable reserves as may be established by the Association, whether held in trust or by the Association, for repair, replacement or addition to the Common Elements or any other real or personal property acquired or held by the Association. (e) possible future expenses as summarized in the Improvements Agreement According to Policy Regarding Collateral for lmprovements for Panorama Estates. 2.1. 10 "Declarant" shall mean and refer to OWNER, a Colorado Corporation, or any other Person or group of Persons acting in concert who, as a part of a common promotional plan, offer to dispose of to a Purchaser such Declarant's interest in a Parcel not previously disposed of to a Purchaser. 2. 1.11 "Declaration" shall mean and refer to this Declaration, including any amendments hereto and also including, hut not limited to, any land survey plats for the Property recorded in the office of the Clerk and Recorder of Weld County, Colorado. 2. 1 .12 "Design Review Committee" or "DRC" shall mean and refer Lo the committee established to review and approve plans for the construction 2 of Improvements on Parcels as set forth in Article 8 of this Declaration. 2. 1. 13 "Development" shall mean and refer to the Property described on Exhibit "A" attached hereto and incorporated herein by reference. 2. 1 . 14 "Dwelling Unit" shall mean and refer to a single-family residential dwelling constructed or: a Parcel. 2. 1. 15 "Executive Board" shall mean and refer Lc Lhe Executive Board designated in the Declaration to act on behalf of the Association. 2 . 1. 16 "Fines" shall mean and refer to any monetary penalty imposed by the Executive Board against a Parcel Owner because of a violation of this Declaration, the Articles of incorporation of the Association, its Bylaws or the Rules and Regulations by such Parcel Owner, a member of Lhe Parcel Owner's family or terant or guest of the Parcel Owner or a member of a family of a tenant of a Parcel Owner. 2 . 1. 17 "Improvement (s) " shall mean and refer to all Swelling Units, buildings, outbuildings, parking areas, fences, walls, hedges, plantings, lighting, poles, driveways, roads, ponds, trails, gates, signs, chances in exterior color or shape, excavation and all other site work, including, without limitation, grading, roaa constriction, utility improvem.ecLs, removal of trees or plantings, and ar:y new exterior construction or exterior improvement which may not be included in the foregoing. "Improvement (s) " does not include turf, shrub or tree repair or replacement of a magnitude which does not change exterior colors or exterior appearances . "Improvement (s) " does include both original improvements and all later changes and improvements. 2. 1. 19 "Member" shall mean and refer Lo every person or entity who holds membership in the Association. 2. 1. 19 "Owner" shall mean and refer to the record owner, whether one (1) or more Persons, of a fee or undivided fee interest in any Parcel, as defined herein, which is part of the Property, including contract purchasers, but excluding those having such interest merely as security for the performance of an obligation. 2. 1 .20 "Parcel" shall mean and refer to a physical portion of Development which is designated for separate ownership or occupancy and the boundaries of which are described in or determined from the Declaration. The sixteen (16) Parcelswhich are described on Exhibit "A" are depicted upon the site plan attached hereto as Exhibit "B. " 2. 1 .21 "Period of Declarant Control" shall mean and refer to the period beginning on the date this Declaration is firsL recorded in the office of the Clerk and Recorder of Weld County, Colorado, and ending on Lhe date on which the Declarant shall have conveyed to parties (other than a Successor DeclaranL) all Parcels originally owned by the Declarant in the Development. 2. 1.22 "Person" shall mean and refer to an individual, corporation, business trust, estate, limited liability company, limited partnership, general partnership, association, joint vent-.ire, government, government subdivision or agency, or other legal or commercial entity. 2. 1. 23 "Property" shall mean and refer to that certain real property described on Exhibit "A" attached hereto and incorporated herein by reference. 3 2 . 1 .24 "Security Interest" shall mean and refer to an interest in real estate or personal property, created by contract or conveyance, which secures payment cr performance of an obligation. The term includes a lien created by a mortgage, deed of trust, trust deed, security deed, contract for deed, land sales contract, lease intended as security, assignment of lease or rents intended as security, and any other consensual lien cr title retention contract intended as security for an obligation. "First Security Interest" shall mean and refer to a Security interest in a Parcel prior to all other Security interests except the Security interest for real property taxes and assessments made by Weld County, Colorado, or other governmental authority having jurisdiction over the Development. 2 .2 Other Terms in Declaration. Other terms in this Declaration may be defined in specific provisions contained herein and shall have the meaning assigned by such definition. ARTICLE 3. THE DEVELOPMENT 3. 1 Name. The name of the Development is PANORAMA ESTATES. 3.2 Planned Community. The Development is a Planned Community or Development under the Colorado Common interest Ownership Act, C.H.S. , Section 33-33.3-101, et seq. 3.3 Maximum Number of Parcels. The number of Parcels created, and the maximum number of Parcels that the Declarant reserves the right to create, within the Development is sixteen (16) . 3.4 Boundaries of Parcels. The legal description of each Parcel subject to this Declaration are set forth on the attached Exhibit "A" and depicted an the attached "Exhibit B. " ARTICLE 4. ASSOCIATION 4 . Authority and Power. The business and affairs of the Development shall be managed by the Association. The administration of the Development shall be governed by this Declaration, the Articles of Incorporation, the Bylaws and published Rules and Regulations of the Association. The Association shall have all of the powers, authority and duties permitted pursuant to the foregoing documents which are necessary and proper to manage the business and affairs of the Association. 4 .2 Declarant Control. Declarant or Persons designated by it, may appoint and remove the officers of the Associationi and members of the Executive Board during the Period of Declarant Control, but not Lo exceed a period of seven (7) years after this Declaration is recorded in the office of the Cleri and Recorder of Weld County, Colorado. 4 .3 Executive Board Powers and Duties . The Executive Hoard may act in all instances on behalf cf the Association, except as provided in this Declaration or the Bylaws. The Executive Board shall have, subject Lo the limitations contained in this Declaration, the powers and duties necessary for the administration of the affairs of the Association and of the Development, which shall include, but not be limited to, the following: (a) Adopt and amend Bylaws. (b) Adopt and amend Rules and Regulations regarding the use and enjoyment of the Common Elements, and the activities of occupants thereon. (c) Adopt and amend budgets for revenues, expenditures and reserves . (d) Collect Assessments from Parcel Owners. 4 (e) Hire and discharge managers. (t) Hire and discharge independent contractors, employees and agents, other than managers. (g) Institute, defend or intervene in litigation or administrative proceedings or seek injunctive relief for violation cf the Declaration in the Association's name, on behalf of the Association, or two (2) or more Parcel Owners on any matters affecting the Development. (h) Make contracts and incur liabilities. (1) Enter into agreements for the acquisition of real property interests and recreational opportunities, including, without limitation, access easements to public and private lands. (j ) Regulate the use, maintenance, repair, replacement and modification of the Common Elements. (k) Acquire, hold, encumber and convey in the Association's name, any right, title or interest Lo real estate or personal property, but_ the Common Elements may be conveyed or subjected to a Security Interest only pursuant to this Declaration and applicable law. (1) Grant easements for any period of time, including permanent easements, leases, licenses and concessions through or over the Common Elements, and to provide for the sharing of costs of maintaining same, as appropriate, and on terms deemed reasonable by the Executive Board. (m) Accept exclusive or non-exclusive easements for any period of Lime, including permanent easements, through or over lands lying outside the Common Interest Community for the benefit of Owners of Parcels, and to provide for the sharing of costs of maintaining same, as appropriate, and on terms deemed reasonable by the Executive Board. (n) Impose a reasonable charge for late payment of Assessments and levy a Nine for violation of this Declaration, the Bylaws and the Rules and Regulations of the Association. (o) Impose a reasonable charge for statements of unpaid Assessments. (p) Provide for the indemnification of the Association's officers, agents and the Executive Board and :maintain Directors ' and officers' liability insurance. (q) Assign the Association's right to future income, including .he right to receive Common Expense Assessments, only upon the affirmative vote of the Owners of Parcels to whisk at least severity-five percent (75%) of the votes in the Association are allocated, at a meeting called for that purpose. (r) Act as an arbitrator or mediator with respect to any dispute between Parcel Owners if the Parcel Owners involved shall consent in writing to the submission of such dispute to the Association for resolution. (s) Exercise any other power that may be exercised in the State of Colorado by a legal entity of the same type as the Association. (t) Exercise any other power necessary and proper for the governance and operation of Lhe Association. 4. 4 Executive Board Limitations. The Executive Board may not act cn behalf of the Association to amend or terminate this Declaration, or to elect members of the Executive Board or determine their qualifications, powers and duties or the terms of office of Executive Board members, but the Executive 5 Board ray fill vacancies in its membership for the unexpired portion of any term. 4 .5 Owner' s Negligence and Tndi vi dual Assessments. Notwithstanding anything to the contrary contained in this Declaration, or in the event that the need for maintenance or repair of the Common Elements or any improvements located thereon is caused by the willful or negligent act, omission or misconduct of any Parcel Owner, or by the willful or negligent act, omission or misconduct of any member of such Parcel Owner's family, or by a guest or invitee of such Parcel Owner, or any tenant of such Parcel Owner or any contractor, subcontractor, agent or subagent of such Parcel Owner, or the tenant's family, the costs of such repair and maintenance shall be The personal obligation of such Parcel Owner, and any costs, expenses and fees incurred by the Association for such maintenance, repair or reconstruction shall constitute an "Individual Assessment" and shall be added to and become part of the Assessment to which such Owner's Parcel is subject and shall he a lien against such Owner's Parcel as provided in this Declaration. In addition, the Executive Board may levy an Individual Assessment against any Owner or his or her Parcel if the Owner, his or her family members, tenants, quests or invitees willfully or negligently fail Lo comply with the terms and provisions of this Declaration, resulting in the expenditure of funds by the Association to cause compliance by such Person with such terms and provisions. An Individual Assessment shall be levied and the amount of the Individual Assessment shall be established only after notice to the Parcel Owner and the right Lo be heard before the Executive Board in connection therewith. ARTICLE 5. MEMBERSHIP, VOTING RIGHTS AND ALLOCATIONS 5.1 Membership. Every Owner of a Parcel which is subject to Common Expense Assessments shall be a Member of the Association. The foregoing is not intended to include Persons who hold an interest merely as security for the performance of an obligation. Membership shall be appurtenant to and may not be separated from ownership of any Parcel which is subject to Common Expense Assessments by the Association. Ownership of such Parcel shall he the sole Qua: i_`i.cat i on for membership. When more than one (I) Person holds a membership interest in any Parcel, all such Persons shall be Members . The vote for such Parcel shall be exercised as they among Themselves determine, but in no event shall more than one (1) vote be cast with respect tc any Parcel. 5.2 Voting Rights and Assignment of Votes . The effective date for assigning votes to Parcels created pursuant to this Declaration shall be the date on which this Declaration is recorded in the records of the Clerk and Recorder of Weld County, Colorado. 5.3 Allocated Interests. Except as otherwise provided in this Declaration, the Common Expense Liability and votes in the Association allocated to each Parcel are set forth as follows: (a) The percentage of liability for Common Expenses shall be allocated on the basis of equal I i abi J i ty for each Parcel regardless of the actual number of acres contained therein; and (b) The number of votes in Lhe Association shall be allocated on the basis of one (_) vote for each Parcer regardless of the actual number of acres contained therein. ARTICLE 6. COMMON ELEMENTS 6. 1 Dedication of Common Elements. The Declarant hereby dedicates the Common Elements tc the common use and enjoyment of Parcel Owners as hereinafter provided. 6.2 Dedication of Easements. Subject to the limitations and restrictions set forth in this Article 6 and all existing easements, reservations, restrictions, covenants and agreements of record, the Declarant 6 does hereby establish, remise, release, sell, convey, quitclaim and dedicate unto the Association, its successors and assigns, for the use of the Owners of Parcels within the Development, their family members, tenants, guests and invitees, the following perpetual non-exclusive easements in, over, across and upon real property located within the Property at the locations described below and/or depicted or described upon the Plat for the Property: (a) Access Easement. A perpetual non-exclusive vehicular and pedestrian Access Easement sixty feet (60' ) in width as more fully described as on the recorded Plat of the Property, which Plat is incorporated herein by this reference, which shall provide ingress and egress to and from Weld County Road 17 and each parcel within the Development; also the perpetual exclusive twenty foot ;20' ) easement for ingress and egress to one acre open space and irrigation pond from NAME OF ROAD also the twenty-five foot (25' ; right-of way and easement for ingress and egress created by that certain Grant of Easement and Agreement dated November 30, 2010, recorded March 4, 20:1 , in the office of the Clerk and Recorder of Weld County, Colorado under Reception number 3754230, between Anthony J. Goddard and Diane M. Goddard, as Grantor, and KMGG , as Grantee, which easement and agreement is hereby assigned by Declarant Lc the Association, and the obligations under which shall be, and are hereby assumed by Lhe Association. (b) Drainage, irrigation and Utility Easement. A perpetual non- exclusive Drainage, irrigation and Utility Easement as more fully described on the recorded Plat of Lhe Property, which i'lat is incorporated herein by this reference for stormwater drainage, storage and delivery of irrigation water and for the installation, construction, maintenance, inspection, operation, replacement or removal of all utilities, including, but not limited to, water, telephone, natural gas, electricity and cable television, to the Parcels within the Development. Owner' s allowed uses within a drainage easement must not adversely affect store:wale_ drainage within Panorama Estates and must meet governmental regulations. (c) Utility Easements. There is hereby created a general easement upon, across, over, in and under such portion cf the Property as sta : l be located outside of the actual final building sites on each Parcel for ingress and egress and fur installation, replacement, repair and maintenance of all utilities, including, but not limited Lo, water, telephone, electrical, television and communications systems if, and to the extent :hat in the reasonable discretion of the utility provider, such utilities cannot be located within existing easements. Dy virtue of this casement and upon a determination by the utility Provider that the utilities cannot reasonably be so located, it shall he expressly permissible and proper for utility providers providing electrical , television, telephone and other communications services to install and maintain necessary equipment on all portions of the Property and to affix and maintain electrical, television, telephone and other communications wires, circuits and conduits on or under the Property. Any utility company using this general easement will use its best efforts to install and maintain the utilities provided without disturbing the uses of the Owners, the Declarant and will prosecute its installation and maintenance activities as promptly and as expeditiously as reasonably possible. Should any utility company furnishing service covered by this general easement request a specific easement by separate recordable document, the (Declarant (during the Period of Declarant Control ) and the Association (after the Period cf Declarant Control) will have, and are hereby given, the right and authority to grant such easement upon, across, over or under any part of the Property without conflicting with the terms of this Declaration. This general easement will in no way affect, void, extinguish or modify any ether recorded easement on the Property. 5.3 Maintenance and Regulation cf Common Elements. The Access Easement, and any electrical services and any other improvements contemplated by this Declaration, not owned by specific utility providers, shall be deemed Common Elements, and such improvements, together with any other Common Elements, shall be maintained, repaired and replaced as necessary by the Association so that the Common Elements present an aesthetically attractive appearance Lo serve the purpose for which they were installed; provided, however, the Association shall have no responsibility to maintain electrical lines, telephone lines or other utility facilities to the extent operated, reaintained, repaired and serviced by utility providers . The Association shall have no obligation tc maintain, repair, renovate, manage or control private driveways. Notwithstanding anything to the contrary contained herein, in the event the need for the Association to maintain, repair or replace a Common Element is caused by the willful act or gross negligence or misconduct of an Owner or a member of such Owner' s family, or a guest, invitee or Lenart of an Owner cr a member of such tenant' s family, the costs of such repair, replacement or maintenance, to the extent not covered by the Association insurance, shall he a personal obligation of such Owner, and any costs, expenses and fees incurred by the Association for same shall be assessed to such Owner and added to Owner' s Common Expense Assessment. The Association shall have a l'-en for the payment of such Assessment as provided in this Declaration. The Association may adopt such Rules and Regulations with respect to its Members, their family members, tenants, quests, invitees, contract users, contractors, subcontractors and agents as shall be necessary for the proper regulation of the use of the Common Elements, including the Access Easement, in order to allow the Owner of each Parcel the toll use and enjoyment of the Common Elements provided herein in a manner which shall not unreasonably disturb or interfere with the use of the Property by Persons who own a Parcel within the Development. 6.4 Owners' Easements of Common Elements . Each Owner of a Parcel shall have a right and easement to the Common Elements tor maintenance, delivery of utilities and services and ingress and egress along NAME OF ROAD and such easement shall be appurtenant to and shall pass with title to every Parcel, subject to the following provisions: 'a) The right of -re Association to promulgate and publish reasonable Rules and Regulations as provided in this Declaration. (b) The righL of the Association to suspend voting rights and the right to use Common Elements by a Parcel Owner fur any period during which any Assessment against his or her Parcel remains unpaid; and for a period not to exceed sixty (60) days from any infraction of it published Rules and Regulations. (c) The righL of the Association to dedicate or transfer any part of the Common Elements, to any public agency, authority, utility or other entity for such purposes and subject to such conditions as may be agreed upon by the Members, provided that no such dedication or transfer shall be effective unless the Parcel Owners entitled to cast at least sixty-seven percent (67%) cf the votes of the Association, including sixty-seven percent (67%) of the votes allocated to Parcels not owned by the Declarant, agree to such dedication, transfer, purpose or condition. Written notice cf the proposed agreement and action thereof shall be sent to every Parcel Owner at least thirty (30) days in advance of any action Laken. The granting of easements for public utilities or for other public purposes consistent with the intended use of the Common Elements shall not be deemed a transfer within the meaning of this clause. An agreement to dedicate, transfer or convey all or any part of the Common Elements must be evidenced by execution and recordation of an agreement or ratification thereof, in the same manner as a deed by the reauis_te number of Parcel Owners. Such agreement crust specify a date after which the agreement will he void unless recorded before that date. (d) The right of the Association to close or limit use of the Common Elements while maintaining, repairing and making replacements in the Common Elements, provided that the Association shall attempt to minimize any interference with access to Parcels within the Property. 8 6.5 Easements for Encroachment. 1O Lhe extent that any Cocuaon Scads or utilities, now or hereafter, encroach upon any area outside cf its designated easement area, a valid easement shall be deemed to exist for the encroachment and for Lhe maintenance of Lhe same so long as such Improvement shall. exist. 6. 6 Emergency Easement. An easement for ingress, egress and access is hereby granted to all police, sheriff, fire protection, ambulance and other similar emergency agencies or persons to enter upon the Property in the performance of their duties. 6. 7 Delegation of Use. Subject to such reasonable Rules and Regulations as shall be promulgated by the Association, a Parcel Owner may delegate his or her right of use in the Common Elements to the members of his or her family, tenants, and a reasonable number of guests or invitees of such Parcel Owner. 6. 8 Title to Common Elements. The Common Phements shall be transferred to the Association free and clear of all liens and encumbrances prior to the conveyance of the first Parcel within the Development; subject, however, to the Provisions of Article 6 of this Declaration. Upon transfer by Declarant Lo the Association of any Common Elements or any improvements or facilities installed in, on or under any of the Common Elements, as contemplated by this Declaration, the Association shall he deemed to have fully accepted same, in its then present condition, and the Association shall thereafter be fully responsible for due and proper operation, repair and maintenance of same. 6. 9 Failure to maintain common areas. Tf the organization established to own and maintain common open space, or any successor organization fails to maintain the common open space in reasonable order and condition in accordance with the approved PUD final plan, the following action may be taken: (i) The cost of such maintenance by the Weld County Board of County Commissioners shall be paid by Lhe owners of the properties within the PUD that have a right of enjoyment of the common open space, and any unpaid assessments shall become a tax lien on said properties, pursuant to Section 24-67-105, C.R.S. ; (ii ) If the deficiencies set forth in the original notice or in the modifications thereof are not rectified within thirty (30) days or any extension thereof, the Board of County Commissioners, in order to preserve Lhe values of Lhe properties within the PUD and to prevent the common open space from becoming a public nuisance, may enter upon said common open space and maintain the same for a period of one (7 ) year. Said entry and maintenance shall not vest in the public any rights to use the common open space except when the same is voluntarily dedicated to the public by the owners and accepted by the Board of County Conanissioners . Before the expiration of said one-year period, the Board of County Commissioners shall hold a public hearing to consider the necessity of continuing such maintenance for a succeeding year. Notice of the hearing shall be given, In writing, not less than thirty (33) days and not more than sixty (60) days prior to this hearing to the organization normally responsible for the maintenance of the common open space and to the owners or residents of :he PUD. If the Board of County Com- missioners determines that such organization is not ready and able to maintain said common open space in reasonable condition, the Roard may continue to maintain said common open space during the next succeeding year, and shall he subject to a similar hearing and determination in each year thereafter. ARTICLE 7. COVENANT FOR ASSESSMENTS 7 .1 Creation of Lien and Personal Obligation of Assessments and Special Assessments . The Declarant, for each Parcel owned within the Property, shall be deemed to covenant and agree, and each Owner of any Parcel, by acceptance of a deed therefor, whether cr net it shall be so expressed in any such deed or other conveyance, shall be deemed to covenant and agree to pay to the Association all Assessments and Fines, together with such interest thereon and costs of collection thereof as herein provided. Said Assessments, Fines, interest and costs of collection, including reasonable attorneys' fees, shall be a charge on the land and shall be a continuing lien upon the Parcel against 9 which each such Assessment or Fine is made. Such Assessments and Fines, including reasonable attorneys ' tees, shall he the personal obligation of the Person who was the Owner of such Parcel at the time when the Assessment or Fine fell due. The personal obligation for any delinquent Assessment or Fine shall not pass to his or her successors in title unless expressly assumed by them. No Owner may become exempt from liability for payment of Assessments or lines by waiver of the use or enjoyment of the Common Elements or by abandonment of the Parcel against which Assessments are made. 7 .2 Purpose of Assessments. The Assessments levied by the Association through its Executive Board shall be used exclusively for the purpose of promoting the health, safety and welfare of the residents in the Development; for the maintenance, repair and upkeep of Lhe Common Elements and for any other maintenance obligations or common services which may be deemed necessary by the Association for the common benefit of the Owners, or the maintenance of property values, or for the payment of expenses which may he incurred by virtue of am agreement with or requirement of any city, county or other local government authority, and to provide for all other expenses incurred by the Association in performing its duties under :his Declaration. The Assessments shall further he used to provide adequate insurance of various types, and in such amounts deemed necessary by the Executive Board, with respect to the Common Elements. Further, the Assessments shall provide a reserve fund for replacements on a periodic basis as the Executive Board determines necessary to adequately provide for such replacements as may be required by this Declaration. 7.3 Annual Common Expense Assessment. The total annual Common Expense Assessment against all Parcels shall be based upon the Association's advance budget of the cash requirements needed by iL to provide for the administration and performance of its duties during such Common Expense Assessment year, which estimates may include, among other things: Irrigation expenses Road maintenance and upkeep Upkeep of common areas Insurance Upgrades to CR17 as required (a) Expenses of maintaining the Association and providing management for the Development; (b) premiums for all insurance which the Association is required or permitted to maintain; (c) repairs and m.air:tenance to or replacement of the Common Elements; (d) snow removal on the Access Easement; (e) wages for Association employees, if any; (f) legal , accounting and property management fees; (g) any deficit remaining from a previous Assessment year; (h) the creation of reasonable, replacement or contingency reserves, working capital and/or sinking funds; and (i) any other costs, expenses and fees, which may he incurred or may reasonably be expected to be incurred by the Association for the benefit of the Parcel Owners under or by reason of this Declaration. Such Common Expense Assessments shall be collected aL such intervals as is determined by the Executive Board hut not less frequently than on an annual basis. 7.4 Special Assessments. (a) in addition to the Common Expense Assessments authorized above, the Association may at any time, from time to tine, determine, levy and assess a Special Assessment for the purpose of defraying in whole or in part, payments for any operating deficit and/or unbudgeted costs, fees and expenses of any construction, reconstruction, repair, demolition, replacement or maintenance of the Common Elements or for "Capital improvements" or "Capital Acquisitions. " Any such Special Assessment made by the Executive Board must be 10 approved by not less than sixty-seven percent (67%) of the Members who are voting in person or by proxy at a meeting duly called for that purpose. No Special Assessment for legal action pursued by the Association shall be required of the Declarant without the written Approval of the Declarant. the amounts determined, levied and assessed pursuant hereto shall be assessed equally against each Parcel. (b) "Capital Improvements, " as used herein, shall mean the construction, erection or installation of substantial structure (s) or other improvement (s) to the Common Elements in the Common interest Community, hut shall not include Common Elements which may hereafter be constructed, erected or installed on the Property by the Declarant. (c) "Capital Acquisitions" as used herein, shall mean the purchase, lease or other acquisition of real property interests in and about the Development, including, but not limited to, access to private and/or public lands in the vicinity of the Development or other property interests which will benefit and enhance the use and enjoyment of the Development by the Parcel Owners thereof but shall not include any capital acquisitions hereafter made by the Declarant. (d) Notice in writing setting forth the amount of such Special Assessment per Parcel and the due date for payment thereof shall be given to the Parcel Owners not less than sixty (60) days prior to such due date. (e) Written notice of any meeting called for the purpose of taking any action authorized under this section shall be sent to all Members not less Than ten. ;10) nor more Lhan fifty-nine (59) days in advance of the meeting. At: the first such meeting called, the presence of Members or of proxies, if permitted, entitled to cast fifty percent (50%) of all votes of the membership shall constitute a quorum. If the required quorum is not present, the meeting shall be continued to another date to be decided by The voting Members at the first meeting, and it will be called subject to the same notice requirements, and the required goorran aL the subsequent meeting shall he twenty-five percent (25%) of a:_ votes of the membership. No such subsequent meeting shall be held more than sixty (60) days following the preceding meeting. 7.5 Rate of Assessment. Except as otherwise provided in this Section l.a and in Section 7.13, each Owner shall be responsible for fraction, the numerator of which shall be 1 and the denominator of which shall be equal to the number of Parce:.s in the Development, of all Common Expense Assessments, plus any Special Assessments which shall be allocated Lo each Parcel. Notwithstanding the foregoing, any Common Expense Assessments or Special Assessments which benefit fewer than all Owners shalt be assessed exclusively against the Parcels benefited. 7. 6 Date of Commencement of Annual Common Expense Assessments and Budget. Common Expense Assessments shall commence upon the sale of the first Parcel to an Owner. The first Common Expense Assessment shall be prorated according to the number of days remaining in the Assessment period established by the Executive Board. The Executive Board shall fix the amount of the annual Common Expense Assessment against each Parcel at least yearly. Written notice of the Common Expense Assessment shall be sent -o every Parcel Owner subject thereto. Common Expense Assessments shall be collected at such intervals and in such installments as the Executive Board shall determine. The due dates shall be established by the Executive Roard. After Lhe first budget year of the Association, within thirty (30) days after adoption of a proposed budget for the Development, the Executive Board shall provide a summary of the budget to each Owner and shall set a date for a meeting of the Parcel Owners to consider ratification of the budget. The meeting shall he not loss than fourteen (14) nor more than fifty (50) days after the mailing of the summary. Unless at that meeting a majority of ail Parcel Owners reject the budget, the budget shall be ratified, whether or not a quorum is present. If the proposed budget is rejected, the periodic budget last ratified by the Parcel Owners 11 shall continue until Lhe Parcel Owners ratify a new budget proposed by the Executive Board. Association Lier. and Effect of Non-Payment of Assessments. The Assessments, charges, tees, Finns, impositions, interest, costs, late charges, expenses and reasonable attorneys' fees which may arise under the provisions of this Leclaration, shall be burdens running with, and perpetual liens in favor of the Association upon the specific Parcel to which such Assessments apply. Recording of Lhe Declaration constitutes record notice and perfection of the Association's lien. Further recording of a claim of lien for an Assessrrent under this section is net required. Any Assessment, charge or fee provided for in this Declaration, or any installment thereof, which is not fully paid within ten (10) days after the due date thereof shall bear interest aL the Default Rate from the due date, and the Association may assess a late charge thereon. Tr the event of default in which any Parcel Owner does not make payment of any Assessment Levied against his or her Parcel within ten (10) days of the due date, the Executive Board shall have the right to declare all unpaid Assessments for the pertinent fiscal year immediately due and payable. Further, Lhe Association may bring an action aL law or in equity, or both, against any Parcel Owner personally obligated to pay such overdue Assessments, charges or fees, or installments thereof, and may also proceed to foreclose its lien against such Owner' s Parcel. AU action aL law or in equity by the Association against a harmer Owner to recover a money judgment for unpaid Assessments, charges cr fees, or installments thereof, may be commenced and pursued by the Association without foreclosing or in any way waiving, the Association's lien therefor. Tr the event that any such Assessment, charge or fee, or installment thereof, is net fully paid when due and the Association shall commence such action (or shall counterclaim or crossclaici for such relief in any action) against any Parcel Owner personally obligated to pay the same, or shall proceed to foreclose its lien against the particular ParceL, then all unpaid Assessments, charges and fees, and all unpaid installments thereof, and any and all late charges and accrued interest under this section, the Association's costs, expenses and reasonable attorneys' fees incurred in preparing and recording any lien notice, and the Association' s costs of suit, expenses and reasonable attorneys ' fees incurred for any such action and/or foreclosure proceedings shall be taxed by the court as a part of the cost of any such action or foreclosure proceeding and shall be recoverable by the Association from any Parcel Owner personally obligated to pay the same and from the proceeds of the foreclosure sale of such Owner's Parcel. Foreclosure or attempted foreclosure by the Association of its lien shall not be deemed to estop or otherwise preclude Lhe Association from thereafter again foreclosing or attempting to foreclose its Lien for any subsequent Assessment, charge or fee, or installment thereof, which is not fully paid when due. The Association shall have the power ar:d right to bid on or purchase any Parcel at foreclosure or other legal sale, and to acquire and hold, lease, mortgage, vote the Association votes appurtenant to ownership thereof, convey or otherwise deal with the same. A lien for an unpaid Assessment is extinguished unless proceedings to enforce the lien are instituted within six (6) years after Lhe full amount of Assessments becomes due, except that if an Owner of a Parcel subject to a lien under this section filed a petition for relief under the United States Bankruptcy Code, the time period for instituting proceedings to enforce the Association's lien shall be tolled until ninety (90) days after the automatic stay of proceedings under § 362 of the Bankruptcy Code is lifted. In any action by the Association to collect Assessments or to foreclose a lien for unpaid Assessments, the court may appoint a receiver for the Parcel to collect all sums alleged to be due from the Parcel Owner or a tenant of the Parcel Owner prior to or during the pendency of the action. The court nay order the receiver to pay any sums held by the receiver to the Association during the pendency of the action to the extent of the Association' s Assessments, based on a periodic budget adopted by the Association. 12 7. 8 Subordination of Lien to Security interests. A lien under this section is prior Lo all other liens and encumbrances on a Parcel except: (a) Liens and encumbrances recorded before the recordation of this Declaration; (h) A First Security Interest on the Parcel recorded before the date on which the Assessment sought to he enforced became delinquent; and (c) liens for real estate taxes and other governmental assessments or charges against Lhe Parcel. A lien under this section is also prior to all Security Interests to the extent that the Assessments are based on the periodic budget adopted by the Association and which would have become due, in the absence of acceleration, during the six (6) months immediately preceding institution of an action to enforce either the Association' s lien or a Security Interest, and statutory liens recognized under Colorado law. If a holder of a First Security Interest in a Parcel forecloses that Security Interest, the Purchaser at the foreclosure sale is not liable for any unpaid Assessments against the Parcel which became due before the sale, other than Lhe Assessments which are prior to the Security Interest under this section of the Declaration. Any unpaid Assessments not satisfied from the proceeds of sale become Common Expenses collectible from all Parcel Owners, including the Purchaser. Sale or transfer of any Parcel shall not affect the lien for said Assessment charges except that a sale or transfer of any Parcel pursuant to foreclosure of any First Security Interest, or any proceeding in lieu thereof, including deed in lieu of foreclosure, or cancellation or forfeiture of any such executory _and sales contracts shall only extinguish the lien of Assessment charges which become due more than six (6) months immediately preceding institution of an action to enforce either the Association' s lien or a Security interest, and statutory liens recognized under Colorado law. No such sale, transfer, foreclosure or other proceeding in lieu thereof, including deed in lieu of foreclosure, shall relieve any Parcel from liability for any Assessment charges thereafter becoming due, nor from Lhe lien thereof. This section dons not affect the priority of mechanics' cr materialmen' s liens. 7. 9 Record of Receipts and Expenditures. The Association shall keep detailed and accurate records in chronological order of all of its receipts and expenditures, specifying and itemizing the maintenance and repair of expenses of the Common Elements and any other expenses incurred. Such records and the vouchers authorizing the payments shall he available on request for examination by the Parcel Owners and others with an interest, such as prospective lenders. 7. 10 Notice to Security Interest . Upon Lhe request of a holder of a First Security Interest on a Parcel , and upon payment of reasonable compensation therefor, the Association shall report to such party any unpaid Assessment or other defaults under the terms of this Declaration which arc not cured by the Parcel Owner within thirty (30) days. 7. 11 Certificate of Status of Assessments. The Association, upon written request to the Association's registered agent, personally delivered or delivered by certified mail, first class postage prepaid, return receipt requested, and upon payment of a reasonable fee, but in no event less than Ten Dollars ($10.00) , shall furnish Lo a Parcel Owner or such Parcel Owner's designee or to a holder of a Security Interest or its designee, a statement, in recordable form, setting out the amount of the unpaid Assessments against the Parcel. The statement must be furnished within fourteen (14) business days atter receipt of Lhe request and is binding on the Association, the Executive Board and each Parcel Owner. A properly executed certificate of the Association as to the status of Assessments on a Parcel is binding upon the Association as of the date of its issuance. Omission or failure to flit an Assessment or deliver or mail a statement for any period shall_ not be deemed a waiver, modification or release of a Parcel Owner from his or her obligation to pay the same. 13 7.12 homestead. The lien of the Association Assessments shall be superior to any homestead exemption as is now or may hereafter be provided by Colorado or federal law. The acceptance of a deed tc land subject to this Declaration shall constitute a waiver of the homestead exemption as against said lien. 7.13 Common Expenses Attributable to Fewer than All Parcels . 7. 13. 1 If a Common Expense is caused by the misconduct of a Parcel Owner, the Association may assess that expense exclusively against that Parcel Owner' s Parcel as more fully provided in Section 4 .ii, above. 7. 13.2 Fees, charges, taxes, impositions, late charges, Fines, collection costs and interest charged against a Parcel Owner pursuant to this Declaration are enforceable as Cc:u;ion Expense Assessments . 7. 13.3 Any Common Expense or portion thereof benefirting fewer than all of the Parcels must be assessed exclusively against all the Parcels benefitted in the proportions determined by the Executive Board after considering the relative size and value that the Parcels being benefitted bear to all Parcels benefitted. ARTICLE 8. DESIGN REVIEW COMMITTEE 8. 1 Committee and Guidelines. There is hereby established a Design Review Committee, which shall be responsible for administration of the Property use and design restrictions established in this Declaration, and to the establishment and administration of Design Guidelines to facilitate the purposes and intent of this Declaration if and when the DEC deems any such Resign Guidelines to he necessary or appropriate. The DEC may amend, vary, repeal and augment, and grant variances from, the Design Guidelines from time to time, in the DEC's sole discretion based on concerns for good planning and design, the aesthetic, architectural and environmental harmony of the Development cr other factors as necessary or desirable to fulfill the intent of the Design Guidelines. The Design Guidelines shall be binding on all Owners and other persons governed by this Declaration. The Design Guidelines may include, among other things, those restrictions and limitations set forth below: 8. 1 . 1 Standards establishing and dictating an architectural theme and requirements pertaining to building style and design, construction materials and site planning. 8 .1.2 Procedures and fees for making app ication to the DEC for design review approval , including the documents to he submitted and the time limits in which the DRC must act to approve or disapprove any submission. 8 . 1. 3 Time limitations for the completion, within specified periods after Approval, of the Improvements for which Approval is required under the Design Guidelines. 8 .1. 4 Establishing the maximum developable area of a Parcel or set-back or view corridor requirements. 8 .1 .5 Specifications for the location, dimensions and appearance or screening of any fences, accessory structures, antennae or other Improvements . 8 .1. 6 Landscaping regulations, including Limitations and restrictions prohibiting the removal or requiring the replacement of existing trees; guidelines encouraging the use of plants indigenous to the locale and compatible with the design theme for the Development; and other practices henefitting the protection of the environment, aesthetics and architectural 14 harmony of the Development. 8 .1 .7 General instructions for the construction, reconstruction, refinishing or alteration of any improvement, including any plan tc excavate, fill or make any other temporary or permanent change in the natural cr existing surface contour or drainage or any installation of utility lines or conduits upon a Parcel, addressing matters such as loading areas, waste storage, trash removal, equipment and materials storage, grading, transformers and meters. 8 . 2 DRC Membership and Organization. The DRC shall be composed of three )3) individuals and need not include any Parcel Owners. Declarant hereby appoints and designates to serve as the initial DRC. In the event there is not at feast one (1 ) design professional on the PRO, the CRC may, as needed from time to time, retain the services of a design professional for assistance in the discharge of its duties. Al_ members of the DRC shall be appointed, removed and replaced by Lhe Declarant, in iLs sole discretion, until the Declarant waives this right by notice to the Owners recorded in the office of the Clerk and Recorder of Weld County, Colorado. At that time, unless the Declarant has appointed its successors by designating same in the written notice, the Association, acting through its ixecutive Board, shall thereafter, from tine to time have the right to appoint, remove and/or replace members of the DRC by duly recorded written instrument specifying the members of the DRC. 8.3 Purpose and General Authority. The DRC shall review, study and either approve or reject proposed improvements on the Property, all in compliance with this Declaration and as further seL forth in any design Guidelines as Lhe DRC may establish from Lime to time Lo govern its proceedings. No Improvement shall he erected, placed, reconstructed, repiaced, repaired or otherwise altered, nor shall any construction, repair or reconstruction be commenced until plans for the Improvements shall have been approved by the DRC; provided, however, that Improvements that are completely within a building may be undertaken without such Approval. All Improvements shall be constructed only in accordance with approved plans. The Design Review Committee shall approve plans and specifications submitted to it only if it determines that the construction, alteration, and additions contemplated thereby, and in the location as indicated, will comply with this Declaration; will serve to preserve and enhance the value of the Parcels within the Development; will be consistent with the spirit and intent of this Declaration; and will maintain a harmonious relationship among structures and topography within the Development. The Design Review Committee shall consider the quality cf workmanship, type of materials, and harmony of exterior design with other Dwelling Units located within the Development. Should the design Review Committee fail to approve or disapprove the plans and specifications submitted Lo it by an Owner of a Parcel within fifteen (15) days after complete submission of all required documents, the plans shall be resubmitted to the Design Review Committee by certified mail , return receipt requested, with a copy to the Declarant, by certified mail, return receipt requested, and, in the event that the Design Review Committee fails to approve or disapprove any plans and specifications as herein provided within fifteen (IS) days after such resubmission to the Design Review Committee and the Declarant by certified mail , the same shall be deemed to nave been approved, as submitted, and no further action shall be required, provided, however, that no building or other structure shall be erected or allowed to remain on any Parcel which violates or is inconsistent with any of Lhe covenants cr restrictions contained in this Declaration. The issuance of a building permit or license for the construction of improvements inconsistent with this Declaration shall not prevent the Association or any Owner from enforcing the provisions of this Declaration. 8.3.1 DRC Discretion. The DRC shall exercise its best judgment to see that all. Improvements conform and harmonize with any existing structures as to external design, quality and type of construction, materials, color, location on the Parcel , height, grade and finished ground elevation, and 15 the schemes and aesthetic considerations set forth in this Declaration and any Design Guidelines. The DEC, in its sole discretion based on concerns for good planning and design, the aesthetic, arohiLec:ural and environmen'_al interests of the Development, or other factors as necessary or desirable to fulfill the intent of [his Declaration or any Design Guidelines, may excuse compliance with such requirements in specific situations and may permit compliance with different or alternative requirements. 8.3.2 Binding Effect. The actions of the DEC in the exercise of its discretion by its approval or disapproval of plans and other information submitted Lo IL, or with respect Lo any other matter before IL, shall be conclusive and binding or all interested parties. 8.4 Organization and Operation of DRC. 8.4. 1 Chairman. So long as Lhe Declarant appoints the DEC, the Declarant shall appoint the chairman. At such time as the DRC is appointed by the Executive Board, the chairman shall he elected annually from among the members of the DRC by a majority vote of such members. In the absence of a chairman, the party responsible for appointing or electing the chairman may appoint or elect a successor, or if :he absence is temporary, an interim chairman. 8.4 .2 Operations. The DRC chairman shall take charge of and conduct all meetings and shall provide for reasonable notice to each member of the DEC prior to any meeting. The notice shall set forth the time and place of the meeting, and notice may be waived by any member. 8.4 .3 Voting. The affirmative vote of two (2) or mere members of the DRC shall govern its actions and he the act of the DRC. 8 .4. 4 Expert Consultation. The CRC may avail itself of other technical and professional advice and consultants as iL deems appropriate, and the DEC may delegate its plan review responsibilities, except final review and approval , to one (T ) or more of its members or to consultants retained by the DEC. Upon that delegation, the approval or disapproval of plans and specifications by such member or consultant shall be equivalent tc approval or disapproval by the entire DEC. 8.5 Expenses. The DRC shall have the right to charge a fee for each application submitted to it for review, in an amount which may be established by the DRC from time to time, and such fees shall be collected by the CRC defray and reimburse all expenses of the DEC' s operation (including, without limitation, Lhe cost of retaining any technical or professional advice or consultation deemed necessary or appropriate by the DEC) . 8. 6 Submission. Each application for Approval shall include such documentation as may be required by the DEC or as set forth in any Design Guidelines. 8.7 Other Requirements. Compliance with the design review process of the Development is not a substitute for compliance with the applicable building, zoning and subdivision regulations, and each Owner is responsible for obtaining all Approvals, licenses, and permits as may be required prior to commencing construction of Improvements. Further, the establishment of the DRC and procedures for architectural review shall not be construed as changing any rights or restrictions upon Owners to maintain and repair their Parcels and Improvements as otherwise required under the Documents. 8. 8 Limitation of Liability. The CRC shall use reasonable judgment in accepting or disapproving all plans and specifications submitted to it. Neither the DEC nor any individual DEC member shall be liable to any person for any official act of the DEC in connection with submitted plans and 16 specifications, except to the extent the DEC or any individual DEC member acted with malice or wrongful intent. Approval by the DEC does net necessarily assure approval by the appropriate governmental board or commission for the County of Weld. Notwithstanding that the DRC has approved clans and specifications, neither the DRC nor any of its members shall be responsible or liable tc any Owner, developer or contractor with respect to any loss, liability, claim er expense which may arise by reason of such Approval of Lhe construction of the Improvements. Neither the CRC, nor any agent thereof, nor the Declarant, nor any of his employees, agents or consultants shall be responsible in any way for any defects in any plans or specifications submitted, revised or approved in accordance with the provisions of this Declaration, nor for any structural or other defects in any work done according to such plans and specifications. In ail events Lhe DRC shall be defended and indemnified by the Association in any such suit or proceeding which may arise by reason cf the DEC's decision. The Association, however, shall rot be obligated to indemnify a member of the DEC to the extent any such member of the DRC is adjudged to be liable for negligence or misconduct in the performance of his or her duty as a member cf the DRC, unless and Lhen only Lo the extent that the court in which such action or suit nay be brought determines upon application that, despite the adjudication of liability but in view of all circumstances of the case, such person is fairly and reasonably entitled to indemnification for such expense as such court shall deem proper. 8. 9 Enforcement. 8 . 9. 1 Inspection. Any member or authorized consultant of the DEC may enter upon any Parcel at any reasonable time after notice to the Owner, without being deemed guilty of trespass, in order to inspect Improvements constructed or under construction on Lhe Parcel to determine whether the Improvements have been or are being built in compliance with this Declaration and the plans and specifications approved by the Design Review Committee. 8 . 9.2 Certificate of Compliance. Upon payment of a reasonable fee established from time to time by the CRC, and upon written request of any Owner or his or her agent, an existing or prospective lender, or a prospective grantee, the PRO shall issue an acknowledged certificate, in recordable form, setting forth generally whether, to the best of Lhe DEC's knowledge, the improvements on a particular Parcel are in compliance with the terms and conditions of this Declaration. 8. 9.3 Deemed Nuisances. Every violation of this Declaration is hereby declared to be and to constitute a nuisance, and every public or private remedy allowed for such violation by law or equity against a Parcel Owner shall be applicable. Without limiting the generality of the foregoing, this Declaration may be enforced as provided below. (i ) Fines for Violations. The Association or the DEC may adopt a schedule of fines for failure to abide by this Declaration and any Design Guidelines, including fines for failure to obtain any required approval from the DEC. (ii ) Removal of Nonconforming Improvements with Court Order. The DRC, the Association, or any Parcel Owner, and after first obtaining a court order from a Colorado court having jurisdiction thereof, may enter upon any Parcel and remove any Improvement constructed, reconstructed, refinished, altered or maintained in violation of this Declaration. The Owner of the Improvement shall immediately reimburse the appropriate parties for all expenses incurred in connection with such removal . Tf the Owner fails to reimburse the appropriate parties within thirty (30) days after receipt of notice of the expenses, the sum so owed shall bear interest at the rate of eighteen percent (18%) per annum from the date of the advance through the date of reimbursement in full, and ail such sums and interest shall be a lien on the defaulting Owner' s Parcel , and shall also be enforceable as provided in this Declaration. 17 H .13 Continuity of Construction. All Improvements commenced on the Property shall be prosecuted diligently to completion and shall be completed within Twelve (12) month; after ccrrmencement, unless an exception is granted in writing by the CRC. ARTICLE 9. PROPERTY USE RESTRICTIONS 9. 1 General Restriction. The Property shall be used only for the purposes set forth in Lhis Declaration, as permitted by the applicable ordinances of the County of Weld and the laws of the State of Colorado and the United States, and as set forth in this Declaration or other specific recorded covenants affecting all or any part of the Property. 9. 2 Building Type and Use Restrictions. mach Parcel will conform to the uses allowed by right, accessory uses, uses by special review and bulk requirements of the Estate Zone District as described by Chapter 23 the Weld County Code with the exception of any variances described within these covenants. 9. 3 Manufactured Housing/Mobi_'_e Homes. No Mobile homes shall be permitted on any Parcel within the Development-. The foregoing shall not preclude installation of high quality modular homes or factory manufactured stick built homes which are placed on a permanent concrete foundation, and which meet the other architectural and design guidelines set forth in this Declaration or adopted by the Design Review Committee. The Design Review Committee may, in ifs sole discretion, based on a determination that the appearance and quality of construction of a proposed structure is such that it not detract from Lhe appearance or value of the remaining Parcels, allow such factory, manufactured stick built homes, or other precast or pre-engineered building components within a structure assembled on a Parcel , provided that such approval is obtained in writing prior to construction. 9. 4 Architectural Requirements. (a) 1aterials. A;'1 Dwelling Units constructed within the Development shall be of materials consistent with the rural , high plains nature of the Development, such as natural, stained or earth Tone plank/wood siding, masonite siding, stucco, brick or stone. High quality vinyl, aluminum or other metal siding may be allowed in the discretion of the 3RC. All materials used on the front elevation shall also he incorporated on all four-sides of any Building or ether Improvement. Reflective roof materials and similar materials inconsistent with the character of the Development are prohibited. (b) Color. All Dwelling Units and other structures constructed on any Parcel shall be stained or painted such natural colors as shall be authorized and approved in writing by the DRC. Bright colors shall not be permitted as the primary color of any Dwelling Unit and outbuildings. It is the intent of these restrictions that colors of Dwelling Units and other structures within the Development shall be such as to minimize the visual impacts and to otherwise be compatible with the rural, high plains nature of the Development. 9.5 Outbuildings. Any outbuildings (including, without limitation, barns or other structures as contemplated by Sections 9.2 and 9.19) shall be .similar in design, appearance and coder co the Dwelling Unit _located en sgc;i Parcel and shall total not more than 8, 00C square feet (in addition to the Dwelling Unit) . 9. 6 Temporary Structures. No structures of a temporary character, including, by example and not limitation, trailers, mobile homes, converted trailers, recreational vehicles, campers or tents shall be used on any Parcel for residential purposes. No temporary structures shall be permitted except as may be determined to be necessary during construction and as specifically authorized by the Design Review Comunittee. Notwithstanding the foregoing, pickup camper, camper trailer, motor horse, recreational vehicle or tent may be 18 placed on a Parcel for a period not Lc exceed thirty (30) days per calendar year, for recreational purposes. 9.7 Fences. While fencing of any Parcel shall not he required (other than in connection with the placement of animals on Owner' s Parcel as addressed in Section 9. _9) any fences installed on the exterior boundary of a Parcel shall be installed in a workmanlike manner and shall consist of new materials. Any fences constructed within the interior of a Parcel shall also be installed in a workmanlike manner and shall consist of new materials and colors compatible with The other Tmprovements located on the Parcel . No fencing shall interfere with the Access Easement. Any such fencing shall, in any event, he subject to approval by the DEC. 9.8 Motorized Vehicles and Trailers . No more than three (3) trucks, trail hikes, golf carts, recreational vehicles, motor hones, motor coaches, farm tractors, snowmobiles, campers, trailers, boats and heat trailers or similar vehicles (other than passenger automobiles or pickup or utility trucks with a capacity of one [1] Lon or less) or any other motorized vehicles shall be parked, stored or in any manner kepi cr placed en any portion of Lhe Property except within an enclosed garage cr unless appropriately screened. In addition, any such trailers or vehicles which are parked outside of an enclosed garage must be appropriate screened, as approved by the DRC, with fencing or shrubbery, or by positioning so as not to be visible from other Parcels, and must be either parked on firm weed-free surface (or if parked of: vegetated surface, vegetation must be mowed periodically Lc maintain a neat appearance) . Automobiles and pickup or utility trucks with a capacity of one (1 ) ton or less shall only be parked in garages, carports or other designated parking areas . The restrictions of this Section 9. 8 shall not, however, be deemed to prohibit commercial and construction vehicles, in the ordinary course of business, from making deliveries or otherwise providing services to the Property or for the Declarant or other Owners. 9. 9 No Excavation. No excavation shall he made except in connection with improvements approved as provided in this Declaration. For purposes of this Section, "excavation" means any disturbance of the surface of the land which results in a removal of earth, rock, or other substance a depth of more than Twelve (12) inches below [he natural surface of the land. 9. 10 Signs and Advertising. No sign of any character shall be displayed or placed upon any Parcel, except signs meeting the following requirements: (i) one (1) sign per Parcel of not more than four (4) square feet in total area (per s)de) advertising a Parcel for sale shall be permitted of each Parcel; (ii) the Declarant shall have the right to place a permanent development sign within common space adjacent to County Road 17; (ii ) ) until such time as the Declarant is no longer the Owner or a Parcel within the Property, the Declarant or ins agents shall have the right to place one (1) or more signs on the Property, with a maximum size of 48 square feet, offering the Parcels within the Property for sale; (iv) additional signs may be permitted if approved by the DRC and follow Weld County Sign regulations as detai ed in Chapter 23 of the Weld County Code. 9.11 Trash. No trash, ashes, building materials, firewood or other unsightly items should be thrown, dumped or stored on any land or area within the Development. Rubbish, refuse, garbage, and other solid, semi-solid and liquid waste shall be kept within sealed containers, shall not be allowed to accumulate on any Parcel, and shall be disposed of in a sanitary manner. No Pareet shall be used or maintained as a dumping ground for any materials, provided that the foregoing shall net prohibit a properly maintained compost pile from being located upon a Parcel . All trash containers shall be kept in a neat, clean and sanitary condition and shalt be stored inside a garage or other approved structure. No trash, litter or junk shall he permitted to remain exposed upon any Parcel and visible from adjacent public roads or other Parcels. There shall be no burning or other disposal of refuse out of doors. No lumber or other building materials shall be stored or permitted to remain on any Parcel unless screened from view from other Parcels and public roads except 19 for reasonable storage during construction. No Owner shall be deemed prohibited from nersona_ly disposing of trash from his or her Parcel. In order no minimize damage to the common roads, the Association, acting through its Executive Board, shall have the right to require trash collection from Parcels be performed by only one (1) company and that the trash shall be collected from all Parcels by such trash company on the same day of each week. The Executive Board shall select the trash collection company based upon competitive bids. The costs of removal of trash and debris from an Owner's Parcel shall he maid by each Owner directly to the trash collection company and the Association shall not have the duty to assess the costs of trash collection as a Common Expense. No Owner shall he deemed prohibited from personally disposing of trash from Lis or her Parcel. This Section 9. 11 shaLl not apply to any contractor during the construction of a Dwelling Unit or other Improvementswithin a Building Envelope. The contractor may dispose of trash, rubbish, debris and other construction material from a Parcel either personally or by contracting with a trash collection company. The trash collection company may remove trash, rubbish, debris and other construction materials from a 2arcel during the construction of the Dwelling Unit as often as the contractor deems appropriate or as required by the Design Review Committee. However, all trash to be removed from the Development, including trash removed during the period of construction, shall be subject to such Rules and Regulations as shall be established from time to time by the Association for the purpose of minimizing damage to the common roads . 9. 12 Abandoned, Inoperable, or Oversized Vehicles . No abandoned cr inoperable vehicles of any kind shall be stored or parked on any portion of the Property, except as provided below. "Abandoned or inoperable vehicle" is defined as any vehicle which has not been driven under its own propulsion for a period of seven (7) days or longer; provided, however, this shall not include vehicles parked by Owners in an approved location while on vacation or residing away from Lhe Development. All unsightly or oversized vehicles, recreational vehicles, snow removal equipment, garden maintenance equipment, and all other oversized or unsightly equipment, machinery or vehicies may not be parked or stored on the Property except within a residential garage or accessory structure, if any, approved by the DRC. "Oversized" vehicles, for purposes of this Section, shall be vehicles, including recreational vehicles, which are too high to clear the entrance to a customary residential garage. 9.13 Antennas and Satellite Dishes. All external radio antennas, television antennas, satellite dishes or other external signal receiving devices shall be installed or erected in such a manner and with appropriate screening as shall be required by the Design Guidelines . The Design Guidelines shall encourage the use of screening, unobtrusive placement, planting, painting and other measures to ensure that the aesthetics of the Development are protected and to ensure the safety of the installation of any such devices. In no event shall any satellite dish in excess of one (1) meter in diameter be permitted within Lhe Development. The Design Review Committee may promulgate reasonable rules and regulations to regulate the proposed locations and require screening or painting to minimize visual intrusion of such devices, provided that no such rules and regulations shall impair dish or antenna reception nor result in an unreasonable cost or delay in the installation and maintenance of a satellite dish or antenna. 9. 14 Outside Burning. There shall be no exterior fires, except barbecues, outside fireplaces and braziers contained within facilities or receptacles and in areas designated and approved by the Design Review Committee. Incinerators and incinerator fires are prohibited. No Owner shall permit any condition upon his or her Parcel which creates a fire hazard or is in violation of fire prevention regulations. 9. 15 Compliance with Laws. Subject to the rights of reasonable contest, each Owner shall promptly comply with the provisions of all applicable laws, 20 regulations, ordinances, and other governmental or Quasi-governmental regulations with respect to all or any portion of the Property. Without limiting the generality of the foregoing, each Owner shall abide by any wildlife regulations imposed by any agency or authority having 'urisdiction over the Property. No Owner shall dispose of, or allow any person under the Owner's control or direction to release, discharge or emit from the Property or dispose of any material on the Property that is designated as hazardous or toxic under any federa , state or local law, ordinance or regulation. 9. 16 Control of Weeds/Mowing. The Owner of each Parcel shall control Canadian thistle and other noxious weeds upon his or her Parcel by mowing or applying weed control chemicals prior to maturity of the weeds and the windborne disbursement of seeds therefrom. The Association shall have the right to establish reasonable rules and regulations from time to time with respect to cutting or mowing of grasslands on each Parcel which are reasonably accessible by tractor or other mowing equipment in order to minimize potential fire hazards to persons and property within the Development . 1n [he event an Owner fails to mow or cut His or her grass in accordance with any riles and regulations established by the Association for the purpose of minimizing tire hazards, the Association may enter upon such Parcel and cut and/or now grasses and vegetation and the Association shall be liable to the Association for the costs and expenses incurred in doing so. 9.i7 Maintenance of Parcels and Improvements. Each Owner shall keep or cause to be kept all buildings, fences, and other structures located on his or her Parcel in good repair and shall otherwise comply with the Design Guidelines. The exterior of all Dwelling Units and any and all appurtenant structures within the Development shall be maintained in good, attractive condition by the Owners thereof. All Dwelling Units and appurtenant structures shall be repainted or restained periodically as needed. The Association may require an Owner to paint or stain a Dwelling Unit and appurtenant structures, and upon such Owner' s failure to do so, the Association may cause such action to be taken, and may assess such Owner for the costs incurred thereby. If any Owner fails to maintain the exterior surfaces in accordance with the foregoing requirements, the Association may give the Owner written notice Lo perform such work within not less than fifteen (15) days, and if the Owner fails to perform such work within that time, the Association nay have such work done at the expense of the Owner. if the work is done by the Association at the Owner' s expense, the Owner shall pay for such work within three (3) days after notice is given in writing to the Owner as to the cost of such work. if the Owner fails to pay within that time and if the Association thereafter incurs reasonable attorneys' fees and costs in collecting such amount from the Owner, all such attorneys' fees and costs incurred shall likewise he a debt owing by the Owner tc the Association. Prior to the start of construction of a Dwelling Unit on each Parcel, the Association shall have the right to plant and maintain grass on it; periodically mow such grass and other vegetation; remove any trash or other debris; and remove snow from any sidewalk on the Parcel. The Association may charge reasonable fees to the Owners of such vacant Parcels, for such services . Such services shall he deemed rendered solely to the Owners of each stun' vacant Parcel and charged to such Owners accordingly. The service charges shall be based upon actual costs incurred by the Association to perform the services, as well as an administrative fee; such service charges need not be identical for the Parcels. Such service charge shall be due upon billing by the Association and payable within fifteen (15) days of such billing. The Owner shall be liable for reasonable attorneys' fees and costs incurred by the Association in collecting such service charge. 9.18 Business Activities. Business, trade or similar activity or any activity or use which involves an unreasonable number of guests or visitors upon a Parcel shall he conducted on or from any Parcel without the prior writ ten Consent of the Association, which Consent may be withheld in the sole 21 discretion of the Association. Notwithstanding any Approval by the Association, any such activities may be conducted only so long as (I) the existence or operation of the business activity is appropriately screened from surrounding properties and the road right-of-way; (ii ) such business shall conform to all applicable zoning requirements for the Development; (iii ; the activity does r.oL involves minimal visits to the Parcel by customers, patients, clients, suppliers or other business invitees or door-to-door solicitation of residents of the Development; (iv) the business shall be conducted primarily by the residents of the Dwelling Unit; (v) the activity is consistent with the residential character of the Development and does not constitute a nuisance, a hazardous or offensive use or threat to the safety or security of other residents of Lie Development, which may be determined in the sole discretion of the Association; and (vi) no retail sales shall be conducted on the Parcel. The terms "business" and "trade" as used in this Section shall have their ordinary and generally accepted meanings and shall include, without limitation, any occupation, work or activity undertaken on an ongoing basis which involves the provision of goods or services to Persons other than the provider's family and for which the provider receives a fee, compensation or other form of consideration, regardless of whether such activity is engaged in full or part- time, such activity is intended to or does generate a profit or a license is required. 9.19 Animals . An Owner or tenant of any Parcel may keep animals upon his or her Parcel for recreational purposes and for use by the immediate family of such Owner or tenant, subject to the following restrictions and limitations: (a) No animals may be grazed upon an Owner's Parcel unless the Parcel, or portion thereof upon which such grazing activities occur, has a fence installed thereon in accordance with the design criteria acceptable to the Design Review Committee, which fence shall be sufficient to contain such animals upon the Owner' s Parcel . (b) No more than one (1) animal unit per acre not to exceed eight (R) animal units may be maintained upon the Owner' s Parcel . AninaL units are described as follows : Animal Unit Equivalents Number of Animals Equivalent Maximum Number Per Acre to One Animal Unit Cattle 1 1 1 Horse 1 1 1 Mule 1 1 1 Burro 1 1 1 Sheep .5 2 2 Goat .5 2 2 Llama .1 10 10 Alpaca .075 13 13 Poultry .04 25 25 Rabbit .04 25 25 (c) Nc domestic elk, buffalo, ostriches, pigs, or other animals not specifically authorized shall be permitted upon any Parcels within the Development. (d) Each Parcel shall be maintained in a clean and sanitary condition at all times. (e) All hay and anima_ feed must be stored inside a barn or other structure approved by the Design Review Committee suitable for such purpose. (f) No Parcel shall be overgrazed resulting in the destruction of pasture and excessive dust coeditIons and the character of the Parcel shall not be changed by the grazing of animals and livestock. 22 (g) All permitted animals and livestock shall be cared for in a humane and k:usbandlike manner. (h) Corrals and other outbuildings not to exceed a combined maximum of 15, 000 square feet may be erected and maintained for permitted annals and livestock. Any barns, indoor arenas, corrals or outbuildings which are erected upon a Parcel for animals shall be located within a designated building envelope Sc as not to interfere with the view of other Parcel Owners, and shall be similar in appearance and color to the Dwelling Unit located on such Parcel . Al] such structures shall first be approved in writing by the Design Review Committee. (i) All permitted animals and livestock shall be tethered or confined by a fence or corral approved in writing by the Design Review Committee within an Owner' s Parcel. (j ) Household pots, such as dogs and cats, shall be permitted on an Owner's Parcel, provided that said pets shall remain under the control of their owner at all times by voice control or physical restraint and shall not be allowed to chase domestic animals, livesLock or wildlife. Household pets may not be kept, trained, bred or maintained on a Parcel for commercial purposes without the prior written Consent of the Association, which Consent may be withheld in the sole discretion of the Association and all relevant zoning requirements. No more than five (5) adult household pets of one species or a total of eight (8) household pets of two or more species as determined by the Executive Board shall be kept on a Parcel. Any offspring of a household pet over six (6) months of age shall be considered an adult. (k) Pet runs or other fenced-in areas for the containment of dogs or other pets shall be permitted upon a Parcel only with the prior written Approval of the Design Review Committee. In considering whether to approve any such pot run or other fenced-in areas, the Design Review Committee shall consider the location, size, concealment, proximity to surrounding structures and adjacent Parcels, proposed building materials, aesthetic appeal and harmony of exterior design in relation to surrounding structures. ( l ) No Person owning, keeping or possessing a dog upon a Parcel shall permit his or her dog to bark and/or howl continuously for a period in excess of ten (10) minutes between the hours of 10:00 p.m.. and 6:00 a.n. , or for a period in excess of twenty (20) minutes between the -hours of 6:03 a.m.. and 10:00 p.m. , if such barking or howling is audible at the boundary of Lhe Parcel upon which such Person resides. Such Person shall he entitled only to one (1) warning by the Association before being required to remove the dog from the Parcel cr enclose it in a structure from. which such barking and/or howling cannot be heard. The Association may, in its discretion, after considering the number and type of animals to be kept upon a Parcel, require the Owner thereof to submit and comply with a livestock management plan Lo be approved by the Association. 9.20 Private Driveways. The private driveway providing access to an Owner's Dwelling Unit shall be maintained in a good state of repair aL all times. In the event the Parcel Owner(s) fail to maintain the private driveway, the Association may enter upon the Parcel and maintain and repair the private driveway in such condition as it deems appropriate. In the event the Association shall undertake to maintain and repair the nri_vate driveway due to the failure of the Parcel Owner (s) to do so, the Parcel Owner (s) shall be liable to the Association for an Individual Assessment as set forth in this Declaration. In addition, in the event of a shared private driveway servicing two (2) cr more Parcels, the Association nay serve as an arbitrator or mediator with respect to determining and enforcing the maintenance requirements for any such private driveway upon written recuest of all such Parcel Owners. The Owner of each Parcel shall install and maintain culverts to wherever 23 private driveways or other personal roadways are constructed within such Parcel at locations which may interfere with stormwater drainage. All culvert diameters shall be sufficient to allow for the passage of such storn.water drainage and shall be maintained in a good state of repair aL all times. 9. 21 Landscaping. Formal landscaping plans will not be required and no such plans need be submitted to the Design Review Committee. However, all landscaping shall he maintained in a healthy and sightly condition at all times. 9.22 No Resubdivlsion. Under no circumstances may any Parcel be further divided, subdivided or resubdivided without the prior written Consent of the Association, which Consent may he withheld in the sole discretion of the Association. However, nothing contained herein shall be construed to prevent an Owner from combining two (2) or more contiguous Parcels and building only one (1) Dwelling -,;nit on one (I) of such Parcels. Changes Lc properties legal boundaries would require compliance with all applicable Weld County regulations and with all applicable Design Guidelines, including, but not limited to, any requirements in connection with adjustments to (i) accommodate a larger Dwelling Unit or: a Parcel; (ii) modify minimum and maximum areas of living area that may be constructed and (iii) undertake measures necessary to preserve any easements reserved with respect to the contiguous Parcels. In Lae event two (2) or more contiguous Parcels are owned by one (1) Owner and developed with only one (1) Dwelling Unit, such action shall not affect the number of votes or Assessments allocated to such Parcels . In the event the Owner of such contiguous Parcels is required by Weld County or any other voverrunental authority or by Lhe holder of a First Security interest to plat the Parcels in order to construct Improvements on them, the obligation for Assessments, voting rights and Allocated Interests set forth herein for the Parcels shall remain the same as existed immediately prior to such platting. 9.23 Disturbing the Peace. No Person shall disturb, tend to disturb, or aid in disturbing Lhe peace of others by violent, tumultuous, offensive, disorderly, or obstreperous conduct, and ne Owner shall knowingly permit such conduct upon any Parcel owned by such Owner. 9. 24 Noise/Nuisance. No exterior horns, whistles, bells or other sound devices, except security devices used exclusively to protect the security of the Property or Improvements, shall be placed or used on any portion of the Property. No obnoxious or offensive activity shall be carried on within Lhe Property, nor shall anything be done or permitted which shalt constitute a public nuisance. No noise or other nuisance shall he permitted to exist or operate upon the Property so as to he offensive or detrimental to any other part of the Property or its occupants. No activity which creates a foul or unpleasant odor as determined by the DRC shall be permitted on any Parcel. 9. 23 Lighting. All exterior lighting et the Improvements and grounds on the Property shall be illuminated only with downlighting on other similarly unobtrusive lighting as may be approved by the PRE. The foregoing restriction shall not prohibit "gas lights" not exceeding one hundred (100) watts located in front of a Dwelling Unit or security lighting which is triggered by motion, sound or heat, provided that such lights shall not remain on continuously during nighttime hours. The purpose of the foregoing prohibition is to restrict farm-type lighting which is intended to illuminate significant portions of a Parcel during nighttime hours. Outdoor arena lighting, as may be approved by the DRC, shall be permitted, but shall not be used between the hours of 1':00 p.m. and 6: 00 a.m. 9.26 General Practices Prohibited. The following practices are prohibited within the Development: 9. 26. 1 Removing any rock, plant material, top soil or similar items from any property of others; 9. 26.2 Careless disposition of cigarettes and other flammable 24 materials; or 9.26.3 Violation of any state, federal, or Local law, ordinance, rile or regulation. 9.27 Leasing. The Owner of a Parcel shall have the right to lease his or her Parcel , subject to the following conditions: 9.27 .1 All leases shall be in writing and shall be for a term of nut less than three (3) months. 9.27.2 Any lease shall be for Lhe entire Dwelling Unit and related Improvements. 9.27.3 The lease shall be specifically subject to this Declaration, and any failure of a tenant to comply with this Declaration shall be a default under the lease. 9.27.4 The Owner shall be liable for any violation of this Declaration committed by the Owner's tenant, without prejudice to the Owner's right to collect any sums paid by the Owner on behalf of the tenant. 9.28 Enforcement. The Association, or the Design Review Committee, or any Parcel Owner, may take such action as it deeps advisable to enforce this Declaration as provided herein. In addition, the Association and the Design Review Committee shall have a right of entry on any part cf the Property for the purposes of enforcing Lhis Article, and any costs incurred by the Association or the Design Review Committee in connection with such enforcement which remain unpaid thirty (30) days atter notice of the cost has been given Lc the Owner shall he subject to interest at the rate of eighteen percent (18%) per annum from the date of the advance through the date of payment _n full by the Owner, and shall constitute a lien against such Owner' s Parcel. 9.29 Zoning Regulation. No Parcel shall be occupied or used by or for any structure or purpose whi_ca is in violation cf the building codes, zoning resolutions, subdivision regulations or other governmental rules and regulations applicable to the Development, including the zoning regulations of Weld County, Colorado. Such governmental restrictions on the use and construction and erection of improvements upon the Property may be more restrictive than those set forth in this Declaration and the Declarant makes no representation that Approval of any use or structure by the Design Review Committee shall he deemed approved by The appropriate governmental entity. ARTICLE 10. INSURANCE AND FIDELITY BONDS 10. 1 Authority to Purchase. All insurance policies relating to tine Common Elements shall be purchased by the Association or its duly authorized agent. The Executive Board, any manager and the Declarant shall not be liable for failure Lo obtain any coverage required by this Article 10 or for any loss or barrage resulting from such failure if such failure is due to the unavailabiI ity of such coverage from reputable insurance companies, or if such coverage is available only at demonstrably unreasonable costs . Notwithstanding Lhe foregoing, if the insurance described in Sections 10.3 and 10. 4, below, is not reasonably available, or if any policy of such insurance is cancelled or not renewed without a replacement policy having been obtained, the Association promptly shall cause notice of that fact to be hand delivered or otherwise delivered to all Owners. 10.2 General Insurance Provisions. All such insurance coverage obtained by the Executive Board shall conform to, the following provisions: 10.2. 1 As long as the Declarant owns any Parcel, the Declarant shall be protected by all such policies in the same manner as any other Owner. The coverage provided to the Declarant under the insurance policies obtained in compliance with this Article 10 shall not he deemed to protect or be for the 25 benefit of any general contractor engaged by the Declarant, nor shall such coverage he deemed to protect the Declarant for (or waive any rights with respect to) warranty claims against the Declarant as the developer of the Common Interest Community. 10.2 .2 The deductible, if any, on any insurance policy purchased by the Executive Board may be treated as a Common Expense payable from annual Common Expense Assessments or Special Assessments allocable to all of the Parcels or to only some of the Parcels, if the claims or damages arise from the negligence of particular Owners (if the repairs benefit only particular Owners) , or as an item to be paid from working capital reserves established by the Executive Board. Except as otherwise set forth in this Article, Lhe maximum deductible amount shall be the lesser of Ten Thousand Dollars ($10, 000.00) or one percent (1%) of the policy face amount. 10 . 3 Physical Damage Insurance on Common Elements. The Association shall obtain insurance for all insurable improvements, if any, on Lhe Common Elements in an amount equal to the full replacement value (i .e. , one hundred percent 1100%J of the current "replacement cost" exclusive of land, foundation, excavation, depreciation on personal property, and other items normally excluded from coverage) , which shall include all building service equipment and Lhe like, common personal property and supplies, and any fixtures or equipment within the Common Elements. In addition, such policy shall afford protection against at least the following: 10.3. 1 Loss or damage by fire and other hazards covered by the standard extended coverage endorsement with the standard "all—risk" endorsement covering sprinkler leakage, debris removal, cost of demolition, vandalism, malicious mischief, windstorm, and water damage. 10.3.2 Such other risks as shall customarily he covered with respect to projects similar in construction, location and use to the Development. In contracting for the insurance coverage obtained pursuant to this Section above, the Executive Board shall be reouired to make reasonable efforts to secure coverage which provides the following: (i) A waiver of any right of the insurer to repair, rebuild or replace any damage or destruction, if a decision is made pursuant Lo Lhis Declaration not to do so. (ii) The following endorsements (or equivalent) : (a) "cost of demolition; " (b) "contingent liability from operation of building laws or codes; " (c) "increased cost of construction; " (d) "agreed amount" or elimination of co-insurance clause; and (e) "inflation guard" (if available) . Prior to obtaining any policy of physical damage insurance or any renewal thereof, and at such other intervals as the Executive Board may deem advisable, Lhe Executive Board shall obtain an appraisal from a general contractor or such other source as the Executive Board may determine of the Lhen current replacement cost of the Property (exclusive of the land, excavations, foundations and other items normally excluded from such coverage) subject to insurance carried by the Association, without deduction for depreciation, for the purpose of determining the amount of physical damage insurance to be secured pursuant to this Article. 10.4 Liability Insurance. The Association shall obtain a comprehensive policy of commercial general liability insurance (including bodily injury, libel, slander, false arrest and invasion of privacy coverage) and property damage insurance with such limits as the Executive Board may from Lime to time determine, insuring each member of the Executive Board, the Association, the Manager, each Owner and the respective employees, agents and all Persons acting as agents of the Association against any liability to the public or the Owners (and their guests, invitees, tenants, agents, and employees) arising in 26 connection with the ownership, operation, m.ainLenance, or use of the Common Elements and common roads within the Development and any other areas under the control of the Association. The Declarant and its officers, directors, agents and authorized representatives shall be included as additional insureds in their capacity as an Owner, officer, director, agent or authorized representative. The Owners shall he included as additional insureds, hut only for claims and liabilities arising in connection with the ownership, existence, use or management of the Common Elements. Such comprehensive policy of public liability insurance shall include the following: 10.4 .1 Coverage for contractual liability, liability for non- owned and hired automobiles, and, if applicable, host liquor liability, employer's liability, and such other risks as shall customarily be covered with respect to developments similar to the Development in construction, location, and use. 10.4 .2 A cross liability endorsement under which the rights of a named insured under the policy shall noL be prejudiced with respect Lo an action against another insured. 10. 4.3 A "severability of interest" endorsement which shall preclude the insurer from denying liability coverage to an Owner because of the negligent acts of the Association or another Owner. The Executive loard shall review the coverage limits at least once every two (2) years, hut, generally, the Executive Board shall carry such amounts of insurance usually required by private institutional mortgage lenders on projects similar Lo the Development, and in no event shall such coverage be less than One Million Dollars ($1, 000, 000. 00) for all claims for bodily injury cr property damage arising out of one (1) occurrence. Reasonable amounts of "umbrella" liability insurance in excess of the primary limits shall also be obtained in an amount not less than One Million DoTLars (S1 , 000, 000.00) . 10.5 Fidelity insurance. Fidelity bonds shall be maintained by the Association to protect against dishonest acts on the part of its officers, Directors, trustees, and employees, and on Lhe part of all others who handle or are responsible for handling the funds of or administered by the Association. In addition, if responsibility for handling funds is de egated to a Manager, such bonds shall be required for the Manager and its officers, employees, and agents, as applicable. Such fidelity coverage shall nave the Association as an obligee and shall be written in such an amount as the Executive Board nay determine appropriate. Such bonds shall contain waivers by the issuers of all defenses based upon the exclusion of Persons serving without compensation from the definition of "employees, " or similar terms or expressions. Such bonds shall cover tl:e maximum funds that will be in the custody of the Association or any management agent aL any Lime while the bond is in force. 10.6 Provisions Common to Physical Damage Insurance, Liability insurance, Fidelity Insurance and Flood Insurance. Any insurance coverage obtained by the Association under the provisions of this Article above shall be subject to the following provisions and limitations: 10. 6. 1 The named insured under any such policies shall include the Declarant, until all of the Parcels in the Development have been conveyed, and the Association, as attorney-in-fact for the use and benefit of the Owners, or the authorized representative of the Association (including any trustee with whom the Association may enter into an insurance trust agreement, or any successor trustee, each of which is .sometimes referred to in this Declaration as the "Insurance Trustee") , who shall. have exclusive authority to negotiate losses under such policies. 10. 6.2 Each Owner shall be an insured person with respect to liani_iity arising out of the Owner's interest in the Common Elements or 27 membership in the Association. 1C. 6.3 in no event shall the insurance coverage obtained and maintained pursuant to this Article be brought into contribution with insurance purchased by the Owners or the holders of their Security Interests. 10. 6. 4 The policies shall provide that coverage shall not be prejudiced by (i) any act or neglect of any Owner (including an Owner's family, tenants, servants, agents, invitees, and guests) when such act or neglect is not within the control of the Association, or (i_) any act or neglect or failure of the Association Lo comply with any warranty or condition with regard to any portion of the Property over which the Association has no control ; or (iii : ) conduct of any kind on The part of an Owner (including the Owner's family, tenants, servants, agents and guests) or any Director, officer, employer, or manager of the Association, without prior demand to the Association and a reasonable opportunity to cure Lhe matter. 10. 6.5 The policies shall contain The standard mortgagee clause commonly accepted by private institutional mortgage investors in the area in which Lhe Property is located, and provide that coverage may nut be cancelled in the middle or aL Lhe end of any policy year cr other period of coverage or substantially modified or reduced (including cancellation for nonpayment of premiums) without at least thirty (30) days ' prior written notice mailed to the Association and to each Owner and holder of a Security Interest Lo whom a certificate or memorandum of insurance has been issued, at their respective last known addresses. 10. 6. 6 The poLicies shall contain a waiver by the insurer of any right to claim by way of subrogation against the Declarant, the Executive Board, the Association, the manager, and any Owner and their respective agents, employees, or tenants, and in the case of Owners, members of their households, and of any defenses based upon co-insurance. 10. 6. / The Policies described in Sections 10 .3 and 10.4, above, shall provide that any "no other insurance" clause shall expressly exclude individual Owners' policies from its operation so that the physical damage policy or policies purchased by the Association shall be deemed primary coverage, and any individual owners' policies stall be deemed excess coverage. 10.7 Personal Liability Insurance of Officers and Directors. To tie extent obtainable at reasonable cost, appropriate officers' and directors' personal liability insurance shall he obtained by the Association to protect Lhe officers and directors from personal liability in relation to their duties and responsibilities in acting as such officers and Directors on behalf of the Association. 13. 8 Workmen's Compensation Insurance. The Association shall obtain workmen' s compensation or similar insurance with respect to its employees, if any, in the amounts and forms as may now or hereafter be required by law. 10. 9 Other Insurance. The Association may obtain insurance against such other risks, of a similar or dissimilar nature, as it deems appropriate with respect Lo the Association's responsibilities and duties. 10. 10 Tnsurance Obtained by Owners. Each Owner shall have the right to obtain insurance for such Owner' s benefit, at such Owner's expense, covering the Owner's personal property and personal liability (except to the extent any Owner's Parcel is encumbered by an easement conveyed to the Association as Common Element) . In addition, each Owner may obtain such other and additional insurance coverage on and in relation to his or her Parcel as such Owner concludes to be desirable; provided, however, that no insurance coverage obtained by an Owner shall operate to decrease the amount which the Executive Board, on behalf of all Owners, may realize under any policy maintained by the Executive Board or otherwise affect any insurance coverage obtained by the P.ssoei ati_on or cause the diminution or termination of that coverage. Any such 28 insurance obtained by an Owner shall include a waiver of the particular insurance company' s right of subrogation against the Association and other Owners. Each Owner may obtain such insurance coverage on and in relation Lo his or her Parcel or Dwelling Unit as such Owner concludes Lo be desirable. Neither Declarant nor the Association shall be required to maintain insurance for any Owner or with respect to any Parcel or Dwelling :nit. ARTICLE 11. CONDEMNATION 11. 1 Sights of Owners. Whenever all or any part of the Common Elements shall be taken cr conveyed in lieu of and under threat of condemnation by any authority having the power of condemnation or eminent domain, each Owner shall be entitled to notice of the taking, but the Association shall act as attorney- in-fact for all Owners in the proceedings incident to the condemnation proceeding, unless otherwise prohibited by law. 11 .2 Partial Condemnation; Distribution of Award; Reconstruction. The award made for such taking shall be payable to the Association as trustee for all Owners to be disbursed as follows: If the taking involves a portion of Lhe Common Elements on which improvements nave been constructed, then, unless, within sixty (60) days after such taking, Owners representing at least sixty-seven percent (67%) of the votes in the Association, including, during the Period of Declarant Control, the vote of the Declarant, shall otherwise agree, the Association shall restore or replace such improvements so Laken on the remaining land included in the Common Elements to the extent lands are available therefor, in accordance with plans approved by the Executive Roard, the Design Review Committee and any other authority having jurisdiction in such matters . If the taking does not involve any improvements on the Common Elements, or if there is a decision made not to repair or restore, or if there are net funds remaining after any such restoration or replacement is completed, then such award or net funds shall be distributed on Lhe basis of Lhe Common Expenses allocated to the Owners under this Declaration, first to the hoLders of Security Interests and then to the Owners, as their interests appear. 11.3 Complete Condemnation. If all of the Development is taken, condemned, sold, or otherwise disposed of in lieu of or in avoidance of condemnation, then the regime created by this Declaration shall terminate, and the portion of the condemnation award attributable to the Common Elements shall be distributed as provided in Section 11 .2, above. ARTICLE 12. FIRST SECURITY INTEREST PROTECTIONS 12. 1 Special Rights of First Security Interests. Any holder of a First Security Interest encumbering any Parcel , upon filing a written recuest therefor with the Association, shall be entitled to (a) written notice from the Association of any default by the mortgagor of such Parcel in the performance of the mortgagor's obligations under this Declaration, the Articles of Incorporation, the Rylaws or the Rules and Regulations, which default is not cured within sixty (60) days after the Association :earns of such default; (b) examine the books and records of the Association during normal business hours; (c) receive a copy of financial statements of the Association, including any annual audited financial statement; (d) receive written notice of all meetings of the Executive 3oard or Members of the Association; (e) receive written notice of abandonment or termination of the Association; (f) receive thirty (30) days' written notice prior tc -he effective date of any proposed, material amendment to this Declaration, the Articles of Incorporation, or the Bylaws; and (q) receive thirty (30) days ' written notice prior to the effective sate of termination of any agreement for professional management of the Association or the Common Elements following a decision of the Association to assume self-management of the Common Elements. 12.2 First Security Interest Right to Pay Taxes, Rental and Insurance Premiums. Any one (1) or more First Security Interests, jointly or singly, 29 shall be entitled to pay (a) any taxes or other charges which arc in default and which may or have become a lien against any of the Common Elements; or (b) any overdue premiums on hazard insurance policies or, if such policies are cancelled, secure new hazard insurance coverage for the Common Elements or Parcels, and the First Security Interests making such payments shall be entitled to immediate reimbursement therefor from the Association. 12.3 Association Right tc Security Interest Information. Each Parcel Owner hereby authorizes any First Security Interest holding a Security Interest on such Owner's Parcel to furnish information to the Association concerning the status of such First Security Interest and the loan which it secures. ARTICLE 13. ENFORCEMENT OF COVENANTS 13. 1 Violations Deemed a Nuisance. Every violation of this Declaration is deemed to be a nuisance and is sub lent to all the remedies provided for the abatement or correction of the violation. In addition, all public and private remedies allowed at law or in equity against anyone in violation of this Declaration shall be available. 13.2 Compliance. Each Owner or other occupant of any part of the Property shall comply with the provisions of this Declaration as the same may be amended from time to time. 13.3 Failure to Comply. Failure to comply with this Declaration shall he grounds for an action Lo recover damages or for injunctive relief to cause any such violation to be remedied, or both. 13.4 Who May Enforce. Any action to enforce the Documents may be brought by the Declarant, the Association or the Design Review Committee in Lhe name of and on behalf of the Association or of the Owners. Tt, after a written request from an aggrieved Owner, none of the foregoing persons or entities commences an action to enforce this Declaration, then the aggrieved Owner may bring such an action. 13.5 Remedies. In addition to the remedies set forth above in this Article, any violation of this Declaration shall give to the Executive Board, the Association, the Design Review Committee or the Declarant, on behalf of the Owners, the right to enter upon the offending premises or take appropriate peaceful action to abate, remove, modify, or replace, aL the expense of the offending Owner, any structure, thing or condition that may exist thereon contrary to the interest of the Owners and the meaning of this Declaration. Any such cure shall be at the expense of the Owner or other person responsible for the offending condition. 13. 6 Nonexclusive Remedies. All the remedies set forth herein are cumulative and not exclusive. 13. 7 No Waiver. The failure of the Executive Board, the Association, the Declarant, the Design Review Committee, or any aggrieved Owner to enforce this Declaration shall not he deemed a waiver of Lhe right to do so for any subsequent violations or of the right to enforce any other part of this Declaration at any future time. _3. 8 No Liability. Neither the Executive Hoard, the Association, the Declarant, the Design Review Committee, or any Owner shall be liable to any other Owner for the failure to enforce any of this Declaration aL any Lime. 13. 9 Recovery of Coss. If legal assistance is obtained to enforce any of the provisions of this Declaration, or in any legal proceeding (whether or not suit is brought) for damages or for the enforcement of this Declaration or the restraint of violations of this Declaration, the prevailing party shall be entitled to recover all costs incurred by it in such action, including reasonable attorneys' fees (and legal assistants ' tees) as may he incurred, or if suit is brought, as may be determined by the court. 30 ARTICLE 14. DURATION OF THESE COVENANTS AND AMENDMENT 14 .1 Term. This Declaration" and any amendments or supplements hereto shall remain In effect from Lhe date of recordation until the twenty-first (21s_.) anniversary of the date This Declaration is first recorded in Lhe office of the Clerk and Recorder of Larirrer County, Colorado. Thereafter, this Declaration shall he automatically extended for successive periods of ten (1C) years each, unless otherwise terminated or modified as provided below. 14 .2 Amendment. Except as otherwise provided in tl:is Article 14, this Declaration, or any Provision of it, may be terminated, extended, modified, or amended, or revoked as to the whole or any portion of the Property, upon the written consent of Owners representing ownership of seventy-five percent (75%) or more of the Parcels. Amendments made pursuant to this Section shall inure to the benefit of and be binding upon all Owners of any part of the Property, their tamily, tenants, guests, invitees, and employees, and their respective heirs, successors, and assigns. 14 .3 Requirement for Declarant's Approval Generally. Notwithstanding the provisions of Section 14 .2, (i) no termination, extension, modification, amendment or restatement of this Declaration nay be made during the Period of Declarant Control without the Declarant's written consent; and (ii) no termination, extension, modification, amendment or restatement of this Declaration may be made during the Period of Declarant Control affecting (a) the right of the Declarant Lo appoint the Design Review Committee, (b) any right expressly reserved to the Declarant under this Declaration or (c) the protection of the Declarant 's rights under Lhis Article 14, without the Declarant's written consent. 14 .4 Notice of Amendment. No amendment or revocation of this Declaration shall be effective unless a written notice of the proposed amendment is sent to every Owner reasonably in advance of any action taken or purported to be taken and such Owner has been given the opportunity to vote or give his or her consent thereto. 14 .5 Effective on Recording. Any modification, amendment or revocation shall be immediately effectiveupon recording with the Clerk and Recorder of Weld County, Colorado, a copy of such amendment, modification, or revocation executed and acknowledged by the necessary number of Owners (and by the Declarant, as required) . ARTICLE 15. MISCELLANEOUS PROVISIONS 15. 1 Severability. This Declaration, to the extent possible, shall he construed or reformed so as to give validity tc all of its provisions. Any provision of This Declaration found to be prohibited by law or unenforceable shall be ineffective Lo the extent of such prohibition or unerforceability without invalidating any other part hereof. 15.2 Construction. In interpreting words in Lhis Declaration, unless the context shall otherwise provide or require, the sngular shall include the plural , the plural shall include the singular, and the use of any gender shall include all genders. 15.3 Headings. The headings are included only for Purposes of convenient reference, and they shall not affect the meaning or interpretation of this Declaration. 15. 4 Waiver. No failure on the part of any party to give notice of default or to exercise or to delay in exercising any right or remedy shall operate as a waiver. No waiver shall be effective unless iL Is in writing and signed by the party against whom such waiver is sought to be enforced. 15 .5 Notices. Notice of matters affecting the Common Interest Community 31 may be given ro Parcel Owners by the Association or by other Parcel Owners in the following manner: Notice shall be hand delivered or sent by United States mail, postage prepaid, to the mailing address of each Parcel or to any other mailing address designated in writing by the Parcel Owner to the Association. Such notice shall be deemed given when hand delivered or when deposited in the United States mail, postage prepaid. 1h. 6 Limitation of Liability. Neither the Association nor any officer or member of the Executive Board shall be liable to any party for any action or for any failure to act with respect to any matter arising by, through or under the Documents if the action or failure to act was made in good faith. The Association shall indemnify all of the officers and Executive Board members with respect to any act taken in their official capacity to the extent provided in this Declaration and by law and in the Articles of Incorporation and Bylaws. 15. 7 Conflicts Between Documents. 1n case of conflict between this Declaration and the Articles of Incorporation or the Bylaws, this Declaration shall control . Tn case of conflict between the Articles of Incorporation and the Bylaws, the Articles of Incorporation shall control. Name a Colorado Corporation By: NAME, President STATE OF COLORADO ) ss. COUNTY OF WELD ) The foregoing instrument was acknowledged before Me this day of September, 2003, by NAME as President of NAME, INC. , a Colorado Corporation. WITNESS my hand and official seal. My commission expires: Notary Public 32 APPROVAL, RA'TIFICA'TION AND CONFIRMATION The undersigned, having a security interesL in the real properLy described on Exhibit "A" attached hereto and incorporated herein by reference, hereby approves, ratifies, confirms and consents Lo the foregoing Declaration of Covenants, Conditions, Restrictions and Easements for Panorama Estates. TN WITNESS WHEREOF, the undersigned has caused its name to be hereunto subscribed by its Manager this day of September, 2003. NAME BANK, By: STATE OF COLORADO ss. COUNTY OF WELD The foregoing instrument was acknowledged before me this day of September, 2003, by as of NAME BANK. WITNESS my hand and official seal. My commission expires: Notary Public 33 EXHIBIT "A" ATTACHED TO ANC MADE A PART OF THE, DECLARATTON OF COVENANTS, CONDITIONS, RESTRICTIONS AND EASEMENTS FOR PANORAMA ESTATES. Legal Description of the Property EXHIBIT_ "B" ATTACHED TO AND MADE A PART Of THE DECLARATION OF COVENANTS, CONDITIONS, RESTRICTIONS AND RASEM1NTS NOR PANORAMA ESTATES. Site Plan Page 1 of 2 Sheri Lockman From: "Lucero,Michael R-Denver,CO"<michael.r.lucero@usps.gov> Date: Wednesday,February 19,2014 11:04 AM To: "Sheri Lockman"<sherilockman@what-wire.com> Subject: RE: Location of postal boxes Yes placement of the cluster box is fine. Sorry real busy. Mike Lucero (Postmaster) Fort Lupton Post Office 533 4th Street Fort Lupton CO 80621-9998 303-857-4734 303-857-2019 303-857-4127 Fax From: Sheri Lockman [mailto:sherilockman@what-wire.com] Sent: Tuesday, February 18, 2014 10:31 AM To: Lucero, Michael R- Denver, CO Subject: Fw: Location of postal boxes From: Sheri Lockman Sent: Monday, February 10, 2014 2:05 PM To: Lucero, Michael R - Denver, CO Subject: Re: Location of postal boxes Michael, I tried to answer your questions as best I could. If I have not satisfied your concerns please let me know. Weld County requires that we submit evidence of your approval of our proposed location and that we have met any other requirements you may have. Sheri Lockman Lockman Land consulting, LLC From: Lucero, Michael R - Denver, CO Sent: Monday, February 10, 2014 1:28 PM To: Sheri Lockman Subject: RE: Location of postal boxes Can you tell me what the addresses will be and how many there will be? 16 ? It is hard to read the small print on the attachment. Where is the entrance? Off of what County Road? 2/19/2014 Page 2 of 2 Weld County Planning assigns addresses. Have you called them. 1-970-353-6100. Once address are assigned and verified then we can meet on the placement of the Cluster Boxes. Yes the Cluster Boxes need to be placed at the entrance to the subdivision. Has your company or the builder placed cluster boxes before? Are the cluster boxes going to have a covering? Thank you Mike Lucero (Postmaster) Fort Lupton Post Office 533 4th Street Fort Lupton CO 80621-9998 303-857-4734 303-857-2019 303-857-4127 Fax# From: Sheri Lockman [maillo:sherilockmantiwhal-wire.com] Sent: Monday, February 10, 2014 1:10 PM To: Lucero, Michael R - Denver, CO Subject: Location of postal boxes Mr. Lucero, I have been asked to submit evidence that the Postal Service has reviewed the placement of the post boxes within our proposed subdivision. I have attached a plat for you. I spoke to someone in your office in August who directed me to place a cluster toward the front, preferably on the left side, of the interior road.The boxes will be purchased from Cage Specialties or a comparable brand. If you have any additional conditions that we need to meet please let me know. Thank you for your help. Sheri Lockman Lockman Land Consulting, LLC 36509 CR 41 Eaton, C O 80615 970-381-0526 2/19/2014 Page 1 of 1 Sheri Lockman From: "Sheri Lockman"<sherilockman@what-wire.com> Date: Wednesday, January 15,2014 2:16 PM To: "Sheila S.Frazier"<sheila.frazier@encana.com> Subject: Panorama Estates Ms. Frazier, I have contacted you multiple times in the past year regarding Panorama Estates Planned Unit Development. The subdivision is located in part of the N2 SE4 Section 8,T2N, Range 67 West of the 6th P.M. in Weld County, Colorado. When we last spoke you indicated the following concerns: 1. The gas flow lines and pipelines that have been identified could cause a problem with any planned building units. We believe that any issues can be resolved with easements and building envelopes. 2. Accesses to well sites do not reflect curb cuts. Future plats will show curb cuts. 3. Property lines are running through the oil and gas well site. In the event you would need additional permits from the COGCC you would be required to obtain waivers from all landowners with a property line within 150' of your wells. The requirement that you obtain waivers is not within our control. You had indicated that until Encanna legal council gives further direction regarding this new State regulation you will be objecting to all subdivisions. Please let us know if we have addressed those concerns that are within our control to your satisfaction. If you have received further direction from your legal council regarding obtaining waivers please let us know. We are very willing to discuss any further concerns you may have. Thank you for your consideration. Sheri Lockman Lockman Land Consulting, LLC 36509 CR41 Eaton, CO 80615 970-381-0526 2/10/2014 Page 1 of 5 Sheri Lockman From: "Frazier,Sheila S."<Sheila.Frazier@encana.com> Date: Wednesday,October 09,2013 1:51 PM To: "'Sheri Lockman'<sherilockman@what-wire.com> Attach: TT-Goddard Option 2 10 4 13.pdf Subject: RE:N2SE Section 8 T2N-R67W Sheri I have made comments to the plat you sent over. Concerns I have are as follows: • The gas flow lines and pipelines that have been identified could cause a problem with any planned building units. One possible solution is to have them moved, it could be quite expensive. • Lot 11&12 property lines are running through the oil and gas well site. In the event we would need additional permits from the COGCC we would be required to obtain waivers from all landowners with a property line within 150' of our wells. This would be a major problem for us. • Lots 7 and 9 property lines are cutting through the existing well site,same issue as above. • Access to our well site within Lots 7&9 does not reflect curb cut. • Access to our well site in Lot 11 does not reflect curb cut. I have also made note that Kerr McGee is in the process of permitting 2 major horizontal well locations and facilities directly north of your development. Let me know if you would like to discuss further. Thanks Sheila Frazier,CPL Land Negotiator DJ Basin 720.876.3440 wk 720.876.4440 fax 303.242.9449 cell sheila.frazier@encana.com `Please note Encana's offices are closed the first and third Friday of each month. From: Sheri Lockman [mailto:sherilockman@what-wire.com] Sent: Wednesday, October 09, 2013 11:20 AM To: Frazier,Sheila S. Subject: Re: N2SE Section 8 T2N-R67W Good afternoon, I contacted you about a property that we are trying to subdivide back in June. I have attached the old emails to help you remember our conversations. We have gotten to the point where we would like to submit the application to Weld County. First we wanted you to take a look at the proposed plat and see if you have any issues that we have not addressed. The only change that may be made before submittal is the access along County Road 17 may be moved to the south property line. Thank you for your help to insure this project doesn't have any setbacks. Sheri Lockman Lockman Land Consulting, LLC 36509 CR 41 Eaton, CO 80615 970-381-0526 2/10/2014 Page 2 of 5 From: Frazier, Sheila S. Sent: Wednesday,June 19, 2013 11:12 AM To: 'Sheri Lockman' Subject: RE: N2SE Section 8 T2N-R67W Sheri; The purple lines denote that the well was drilled directionally. The surface location is the yellow circle and the bottom hole is the pink dot. The wellbore is over 5000'below the surface,so this would not have any impact on your development. What you will need to confirm is the flowlines that exist between the wells and the tank battery and the main gathering lines. Any flow lines that exist would need to be flagged with a line locate. You can call 811 to schedule the line locates. Sheila Frazier,CPL Land Negotiator DJ Basin 720.876.3440 wk 720.876.4440 fax 303.242.9449 cell shella.frazier@encana.com 'Please note Encana's offices are closed the first and third Friday of each month. From: Sheri Lockman [inalltoaheriluckmanryw;hal-vitro.cgni] Sent: Wednesday,June 19, 2013 7:13 AM To: Frazier, Sheila S. Subject: Re: N2SE Section 8 T2N-R67W Good morning Sheila, Sorry to bother you again but we have one more question. Your original map showed purple lines. Are those underground pipes? Are there any underground pipes?We are meeting tomorrow to decide if we want to go forward with the project. Thanks again, Sheri Lockman Lockman Land Consulting, LLC 36509 CR 41 Eaton, CO 80615 From: Frazier, Sheila S. Sent: Tuesday,June 11, 2013 9:13 AM To: 'Sheri Lockman' Cc: Frazier, Sheila S. Subject: RE: N2SE Section 8 T2N-R67W I am back from vacation,thank you for your patience. Attached is the tract breakdown of the 5E/4 Section 8. This information is from January 2012,so any changes in ownership will not be reflected after that date. Encana holds 100%of the leasehold estate. It appears that Kerr McGee owns 2/3 of the mineral interest. You should be able to obtain the addresses of all mineral owners from the Weld County Assessor. Additionally, I have attached our shell Compatible Agreement for your review. Thanks 2/10/2014 Page 3 of 5 Sheila Frazier,CPL Land Negotiator DJ Basin 720.876.3440 wk 720.876.4440 fax 303.242.9449 cell sheila.frazier@encana.com `Please note Encana's offices are closed the first and third Friday of each month. From: Sheri Lockman [nniiloahci9loc.annnc_•whof ovim.com] Sent: Friday, May 31, 2013 8:46 AM To: Frazier,Sheila S. Subject: Fw: N2SE Section 8 T2N-R67W Sheila, I was just wondering if you had a chance to look into my last email? Sheri Lockman Lockman Land Consulting, LLC 36509 CR 41 Eaton,CO 80615 970-381-0526 From: Sheri Lockman Sent:Thursday, May 23, 2013 2:07 PM To: sheila.frazier(a�encana.com Subject: Re: N2SE Section 8 T2N-R67W Good afternoon Sheila, I met with the gentlemen who wish to subdivide the property yesterday and they had some additional questions. Are there any lines located on the site(is that the purple lines)? Do you hold lease to the entire site? Do you know who the owners of the mineral rights are and have their information that we could have for notification purposes?And last, do you have a shell agreement that you use? Thank you again for your help. Sheri Lockman Lockman Land Consulting, LLC 36509 CR 41 Eaton,CO 80615 970-381-0526 From: Sheri Lockman Sent:Tuesday, May 14, 2013 2:40 PM To: Frazier, Sheila S. Subject: Re: N2SE Section 8 T2N-R67W Thank you Sheila. I will be in touch with you again as we get further into the development of the property. Sheri Lockman 2/10/2014 Page 4 of 5 Lockman Land Consulting, LLC 36509 CR 41 Eaton, CO 80615 970-381-0526 From: Frazier, Sheila S. Sent: Tuesday, May 14,2013 2:29 PM To: sherilockman@what-wire.com Cc: Frazier, Sheila S. Subject: N2SE Section 8 T2N-R67W Sheri, I have attached a plat which outlines the wells that now exist on these lands. The red circle depicts the necessary setbacks that are required for our oil and gas operations. The green dashed lines indicate the current access to these wellsites. Encana would require a Compatible Development Agreement that takes into consideration the needs of the development as well as the existing and any future well development. In the event your development would cause our current access to be changed,we would require a new access agreement that is agreed to by both parties. Let me know if you would like to meet and discuss. Regards, Sheila Frazier,CPL Land Negotiator DJ Basin 720.876.3440 wk 720.876.4440 fax 303.242.9449 cell sheila.frazler@encana.com 'Please note Encono's offices ore closed the first and third Friday of each month. This email communication and any files transmitted with it may contain confidential and or proprietary information and is provided for the use of the intended recipient only. Any review, retransmission or dissemination of this information by anyone other than the intended recipient is prohibited. If you receive this email in error, please contact the sender and delete this communication and any copies immediately. Thank you. This email communication and any files transmitted with it may contain confidential and or proprietary information and is provided for the use of the intended recipient only. Any review, retransmission or dissemination of this information by anyone other than the intended recipient is prohibited. If you receive this email in error, please contact the sender and delete this communication and any copies immediately. Thank you. This email communication and any files transmitted with it may contain confidential and or proprietary information and is provided for the use of the intended recipient only. Any review, retransmission or dissemination of this information by anyone other than the intended recipient is prohibited. If you receive this email in error, please contact the sender and delete this communication and any copies immediately. Thank you. 2/10/2014 Page 5 of 5 This email communication and any files transmitted with it may contain confidential and or oroprietary information and is provided for the use of the intended recipient only. Any review, retransmission or dissemination of this information by anyone other than the intended recipient is prohibited. If you receive this email in error, please contact the sender and delete this communication and any copies immediately. Thank you. hutp://www.encana.com 2/10/2014 Hello