HomeMy WebLinkAboutC88-008 warranty deed for Eagle Manor Limited Partnership - Golden EagleRecorded at _
Reception No
o CIO n_._ ("07
WARRANTY DEED
Re
THIS DEED, Made this 8 th day of February .19 88 ,
between The County of Eagle, State of Colorado,
by and through its Board of County Cca issioners,
of the "
County of Eagle State of Colorado, grantor(s) and
Eagle Manor Limited Partnership, a
Tennessee Limited Partnership,
whose legal address is 5384 Poplar Ave, Suite 337
Memphis, Tennessee 38119
i
'i747 L b/
BOOK....... D88 -08 -04
?AG E—ff—SJ—
.'t-NHNNETTE pHILLIP`:
,, ,LE CTY. RECOf�CE.
f t8 8 11 26 AM '88
............ G / IJC......
Sate Doc, Fce
of the County of Shelby State of Tennessee;
grantee:
WITNESSETH, That the grantor(s), for and in consideration of the sum of --------------------- - - - - --
TEN DOLLARS and other good and valuable consideration- - - - - -- DOLLARS,
the receipt and sufficiency of which is hereby acknowledged, ha S granted, bargained, sold and conveyed, and by these presents do e S grant,
bargain. sell, convey, and confirm, unto the grantee(s), its heirs and assigns forever, all the real property, together with improvements,
if any, situate, lying and being in the County of Eagle State of Colorado,
described as follows:
Lot 1C
GOLDEN EAGLE ELDERLY HOUSING
A Resubdivision of a resubdivision of Lot 1, Block 1,
The Bull Pasture, according to the recorded plat
thereof recorded July 18, 1985, in Book 420 at Page
259 as Reception No. 316528
CORRECTION DEED - Recorded to correct an error in a recording
reference in the Warranty Deed recorded in Book 441, Page 248,
Reception No. 337496.
TOGETHER with all and singular the hereditaments and appurtenances thereto belonging, or in anywise appertaining, and the reversion and
reversions, remainder and remainders, rents, issues and profits thereof, and all the estate, right, title, interest, claim and demand whatsoever of the
grantor(s), either in law or equity, of, in and to the above bargained premises, with the hereditaments and appurtenances.
TO HAVE AND TO HOLD the said premises above bargained and described with the appurtenances, unto the grantee(s), its heirs and
assigns forever. And the grantor(s), for i tself , its heirs and personal representatives, does covenant, grant, bargain, and
agree to and with the grantee(s), its heirs and assigns, that at the time of the ensealing and delivery of these presents, it is well
seized of the premises above conveyed, ha S good, sure, perfect, absolute and indefeasible estate of inheritance, in law, in fee simple, and
ha S good right, full power and authority to grant, bargain, sell and convey the same in manner and form as aforesaid, and that the same are free
and clear from all former and other grants, bargains, sales, liens, taxes, assessments, encumbrances, and restrictions of whatever kind or nature soever,
exceptfor those as may be contained in the attached Exhibits A, B, C,
or D.
The grantors) shall and will WARRANT AND FOREVER DEFEND the above - bargained premises in the quiet and peaceable posse�slun of the
grantee(s), its #sisheirs and assigns, against all and every person or persons lawfully claiming the whole or any part thereof.
IN WITNESS WHEREOF, the grantors) ha S executed this deed on the date set forth above.
THE COUNTY OF EAGLE, STATE OF
p COLORADO, By and through its
? � ) _/ • i / BOARD QF C'nTTNTV rQMMTggTnNRRg
o Phillips, Clerk to the Georgd Gates, Chairman
STATE OF COLORADO
1 ss.
1
County of Eagle
The foregoing instrument was acknowledged before me this �jfh day of February 1988
g g
r e A. Gate as Chairman d Johnnett hil ips as Clerk, of the Board
o s
by pp ll
ssi.oners o axle Coun V CC.olprado.. h Deputy)
f Cunt . Colt�IU f arl ene Roach, 0
My comm>;c5(gR e�ijfes � � — t� I g �zines� my hand and otf) , p y
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No. 932. Rev.3 -85. WARRANTY DEED (For Photographic Record) Bradford Publishing, 5825 W. 6th Ave., t-akewow. CO 80214 — (303) 233 -6900 3 -85 1*
i
3
antY Deed from
EXHIBIT A to the Wale Manor Limited
Eagle
Eagle County Colorado, by aryd
5 � 1g86 (Lot 1C) of the rim
Dated MaY Eagle, State reserves
of Commissioners, between
The County agreements
1. d of County t0 be constru �
its Boar of previous Center
through to the terms Citizen a Period of f if ty Eaq Eagle,,
tO the Senior f County of
pursuan lease property The County Commis'
parties b described P ear• d of cep
on the abOpe_ Dollar Per h its Boar maintenan
sum °f One and throuq all !Utilities,
for the for
Colorado Citizens Center*
State °f Shall be d Senior successors;
sioners ° f Sal Ore
and operation partnershiP► nots mortgage
Limited Shall without the
Eagle Manor or assigns"
.bed described P issioners O
adminis above_ Comm other
the County or d �i
heirs, encuer the Board of Any mortgage $Oar
otherwise consent of Colorado• ht of Of Color'
prior written le, State °f t0 the E glee State ecifically
the County of Eagle, junior of sP
Shall the County Otherwise issioners ,�f
encumbrance issioners of he unless County Comm
County Comm the property Board of
to rent the
ado, in Eaglengsbate of Colorado- shall remain a
authorized deed rOject and
the County
of of he Senior Housing P Op To
roperty describ the tion
forth in is dated..
2. The P Set Agreemen in dated
the use
Center f° for pureoseS supplemental forth
COu Seniors, and Property and then s P985, as set The PrOvisiOns
area Real pan September 1 'hereto-
purchase attached effect-
1985,
purchase full force and
June 24, and D• which recorded
C, tinue in document rec °r
bits B, eats con in doc Reception N°.
of those agreem as
aS 27 6ntain Page 46
Restrictions at
3, 1978, in Book for the Bull
October 2' and restriction at Page 65 as
172456 in Book 285
Covenants, Condit
4, °1979,
4' recorded the Plat of
pasture as 181469• Set out p Of Lot 1,
Reception N °� easements as Plat
set forth Resubd1- vision
Set Back utili Y On
5• as pasture,
The Bull pasture. of The Bull The Bull
The Bull Bas Show � on f Plat 1, Block 1,
Restrictions as la
as
shown on res ivrs� °�a P
pasture-
EXHIBIT
Exhibit A, County to Eagle Manor
Page 2 (Lot 1C)
7. Undivided one -half interest in all oil, gas and
other minerals as reserved by Chester L. Mayer, Leroy C.
Mayer, Carl F. Mayer and Wayner Chatfield in document recorded
December 14, 1961, in Book 166 at Page 21 as Reception No.
95546, and all interests therein and assignments thereof.
8. 20' waterline easement as shown on resubdivision
plat recorded November 19, 1980, in Book 313 at Page 283 as
Reception No. 209659.
9. Covenants, conditions and restrictions as contained
in Declaration recorded February 11, 1981, in Book 318 at Page
324 as Reception No. 214695.
10. Easement 10' in width to construct, reconstruct,
repair, change, enlarge, rephase, operate and maintain an
underground electric transmission facility or distribution
line, granted to Holy Cross Electric Association, Inc.,
recorded June 25, 1981, in Book 325 at Page 149 as Reception
No. 221513.
11. Easements, right -of -way and restrictions as shown on
the Final Plat of Golden Eagle Elderly Housing, a resubdivi-
sion of Lot 1, Block 1, The Bull Pasture, recorded July 18,
1985, in Book 420 at Page 259 as Reception No. 316528.
Form FmHA 440 -34
(Rev. 9- 11 -73)
Position 5
UNITED STATES DEPARTMENT OF AGRICULTURE
FARMERS HOME ADMINISTRATION
OPTION TO PURCHASE REAL PROPERTY
Page I of 6
receipt and sufficiency of which consideration of the sum of S
re in hand paid and other valuable consideration, the
are in acknowledG(hereinafter ed. the undersigned (hereinafter called the "Seller "], who
to be tae owner t hereof, hereby, for the Seller and the Seller's heirs, executors, administ, ltors, .successors
and assigns, offers and agrees to sell and convey to
Prn�aGGinn.,i T, - - - -? Pnt orb � 5'84 Pnn
(Nun►e uud A dress) t ar Aa A q0-7
�8
(hereinafter called the "Buyer "), and hereby grants to the said Buyer the exclusive and irrevocable option and right to
purchase, under the conditions hereinafter provided, the following- described property, located in Eagle
County, Statc of _ Colgrado
(Insert here full and complete legal description, including volume and page where recorded, of the property including any
water rights and water stock being purchased.)
(See attached Exhibit A)
EXHIBIT
B
FmVIA .1-in 1.1 r ),I i.,7u:
Page 2 of 6
The title to said property is to be conveyed--free and clear of all encumbrances except for the following reservations,
exceptions and leases, and no others:
(Insert here a full statement of all reservations, exceptions and leases, including in the case of leases, the date of the
termination of the lease, the correct names) and address(es) of the lessees) and, if recorded, the place of recordation)
Any of record
2. This option is given to enable the Buyer to obtain a loan insured or made by the United States of America, acting
through the Farmers Home Administration, United States Department of Agriculture, (hereinafter called the "Government "),
for the purchase of said property. It is agreed that the Buyer's efforts to obtain a loan constitute a part of the consideration
for this option and any downpayment will be refunded if a loan cannot be processed by FmHA.
3. The total purchase price for said property is S 250.000.00
said amount
includes ® excludes the S 1 n o o
4. The Seller agrees to pay all expenses of title clearance including, if required, abstract or certificate of title or policy
mentid in paragraph 1.
of title insurance, continued down to the date of acceptance of this option and thereafter continued down to and inciuding
date of recordation of the deed from the Seller to the Buyer, costs of survey, if required, and attorney's fees; and the
Seller agrees that, except as herein provided, all taxes, liens, encumbrances or other interests in third persons will be satisfied
discharged, or paid by the Seiler including stamp taxes and other expenses incident to the preparation and execution of the
deed and other evidences of title. Title evidences will be obtained from persons and be in such form as the Government shall
approve.
(Strike inapplicable language above or insert herein any different agreement regarding the paying of title clearance charges)
5. The Seller also agrees to secure for the Buyer, from the records of the County Agricultural Stabilization and Conservation
Committee, aerial surveys of the property when available, all obtainable information relating to allotments and production
history and any other information needed in connection with the consideration of the proposed purchase of the property.
6. The Seller further ag
I rees to convey said property to the Buyer by general warranty deed (except where the law provides
otherwise for conve antes by trustees, officers of courts, etc.) in the form, manner and at the time required by the Govern-
ment, convey ing to the Buyer a valid, unencumbered, indefeasible fee - simple title to said property meeting all requirements
of the Government; that the purchase price shall be paid at the time of recording such deed; and that said lands, including
improvements, shall be delivered in the same condition as they now are, customary use and wear excepted.
7. Taxes, water assessments and other general and special assessments of whatsoever nature for the year in which th
closing of the transaction takes place shall be prorated as of the date of the closing of the transaction, it being expressly
agreed that for the purpose of such proration the tax year shall be deemed to be the calendar year. If the closing of the
transaction shall occur before the tax rate is fixed, the apportionment of taxes shall be on the basis of the tax rate for the
next preceding year applied to the latest assessed valuation.
(Insert here any different tax agreement)
Page 3 of 6
�( 8. " This option may be exercised �,v the Buyer, at any time while the offer herein shall remain in force, by mailing, tele-
graphing or delivering in person a written notice of acceptance of the offer herein toEa° le County CoRmissioners
at P _ n n_x Q 5n , in the city of Eagle
County of Racr •i e State of Colorado
The offer herein shall remain irrevocable for a period of siX (6 )
in force thereafter until one (i) year from the date hereof unless earlier terminated aced -by the Slellr. The Seller n ayhterminate
this offer at any time after the - SIX (6) months' irrevocable period provided herein by giving to the Buyer tcn
(10) days' written notice of intention to terminate at the address of the Buyer. Acceptance of this option by. the Buyer
within ten (10) days after such notice is received by the Buyer shall constitute a valid acceptance of the option.
9. Loss or damage to the property by fire or from an act of God shall be at the risk of the Seller until the deed to the
Buyer has been recorded, and in the event that such loss or damage occurs, the Buyer may. without liability• refuse to
accept conveyance of title, or may elect to accept conveyance of title, ill which case there shhall be an equitable adjustment
of the purchase price.
10. The Seller agrees that, irrespective of any other provision in this option, the Buyer, or the Buyer's assignees, may,
if the option is accepted, without any liability therefore refuse to accept conveyance of the property described herein if the •
foresaid loan cannot be made or insured because of defects in the title to other land now owned by, or being purchased by,
the buyer.
xLx,x� xxxxxux :xxxrx xxx �bxx0LM4,xx -Qt xxxxxxxx xx.: xXjLxxxx xxx..x =xxxxX
12. _-----------
: Y; is�' :`ire:C1�£:�:'�:#�''.X::'k�{7fi.
xX:: rY} �:£: i-`. i. �+,' Y�{: isi�: t�` �`.` �`': �: g. �:. h' �: ish;: �: i�: �T: �?:: i{` �::::£ :���:C:{':��if'_%1;:��?i�i:Z�:� �7�' Xt�KC :%�•?t�#t:'�!��::i.�,t;4,t�c1
} irXX�fi�Xk�-h�ih�'X,'XX4��i'XX�, - , XrY��' eKXY�XXr�{• ��C 4iX- hX; Xs�C }�<{hs�XX,iis�'iX+X4I%'�£ii•�S ;�F77{tX�i:�.F�,e�CS'r{'A7{t
13. The Seller hereby gives the Government or its agents consent to enter on said property at reasonable times for the pur-
pose of inspecting or appraising it, in connection with the making of a loan to purchase the property.
14. Insert here conditions peculiar to this particular transaction.
Seller agrees to furnish evidence of proper zoning
family, 6 -plea, rental property) z (" ti- (Sellers Tel bone �Vurnber
authority immediately, p p) or secure sake tram proper (303) 328 -7311 )
IN WITNESS WHEREOF, the Seller and the Buyer have set their hands and seals this
day of
COUNTY OF EAGLE, STATE OF COLORAD
' 19 84 ' By and Through its
WITNESSES:
BOARD 0 OUNTY COMMISSIONERS
� ;
B
K__ Gzr2LtQ1 �' C ii oit2 / y
David E..Mott - (Seller),
Chairman Pro -Tem
Profe. Tonal Develomrent (Seller)
(Ifr r)
By:
Thomas H. Canpbell (Buyer)
15.
Page 4 of 6
ADDITIONAL CONDITIONS OF
OPTION CONTRACT
BET14EEN
PROFESSIONAL DEVELOPMENT CORPORATION
AND
EAGLE COUNTY
Seller, Eagle County, reserves the right to review and
approve in writing the following items prior to the
submittal of a pre - application to Farmer's Home:
a) Results from the preliminary needs survey.
b) Schematic design of the Elderly Housing units
including:
(1) Site plan.
(2) Floor plan layout.
(3) Elevations including exterior materials
to be used.
(4) Landscaping plan.
c) Preliminary cost estimate for the entire
project.
16. Seller, Eagle County, reserves the right to review and
approve in writing the following items prior to the
submittal of an application for Federal Assistance (snort
form) to Farmer's Home Administration.
a) Results from the detailed needs survey.
b) Detailed preliminary plans and specifications
for the elderly housing units.
c) Detailed proposed method of construction and
cost breakdown for the entire project.
PROFESSIONAL DEVELOPMENT
CORPORATION
B _ at> c���� ✓�ac,6 ��
Thomas H. Campbei
President
COUNTY OF EAGLE, STATE
OF COL DO
By: `� /` L
Davi E. 1ti10tt
Chairman, Pro -Tem, of
the Board of County
Commissioners
d)
e)
f)
Page 5 of 6
Final approval from the Town of Eagle on
zoning and architectural review.
Detailed operating budget including proposed
rental rates and replacement allowances.
A detailed management plan including specific
management policies and tenant admissions
policies.
g) A finalized agreement between Eagle County
and the developer on any County rental
subsidy program.
h) A finalized agreement between Eagle County
and the developer on the design, construction
cost, and management of the Senior Activities
Center.
17. A local (in- state) licensed architect will be hired by
Buyer to supervise on -site construction subject to the
approval of Seller.
18. Seller will participate in the selection of an on -site
manager and reserves the right to include the Eagle County
Housing Authority as one of the potential managers.
19. The option contract should be for six months with a six
month extension to be approved by Seller if the applicant
can document that substantial progress has been
accomplished in pursuit of the Farmer's Home Section 515
funding program.
20. The subject property is to be used only for the
construction of Senior Citizen /Handicapped Housing and a
Senior Citizen Center.
AXXX§gi_4�y� {(�X�/��[�5�€X
C
PROFESSIONAL DEVELOPMENT COUNTY OF EAGLE, STATE
CORPORATION OF COLO ADO
B i BY:
omas H. Campbel Davi E. Mott
President Chairman, Pro -Tem, of
the Board of County
Commissioners
*Aw- /vr,-
1.
Page 6 of 6
22. Buyer warrants that use of the property will be in accord
with his proposal as presented to-the Seller, a copy of
which is attached and marked Exhibit B.
23. In any housing constructed on the property which is the
subject of this option, the Buyer agrees to give
preference to Eagle County residents.
24. This option shall not be assigned without the written
consent of the Seller.
25. Initial rents to senior citizens shall not exceed those
contained in Buyer's Proposal (Exhibit B) unless approved
in writing by Seller.
PROFESSIONAL DEVELOPi�,1ENT COUNTY OF EAGLE, STATE
CORPORATION OF COLO DO
By.
StA/L Thomas H. Campbeii/ David E. i,iott
President Chairman, Pro -Tem, of
the Board of County
Commissioners
W
Page 6A
21. Seller is to pay all costs of construction of the
Senior Citizens Center to be constructed by the Buyer and the
Buyer shall lease the Senior Citizens Center to the Seller for a
period of fifty (50) years for the sum of one dollar ($1.00) per
year. The Seller shall be responsible for all utilities,
maintenance, and all other expenses in connection with
maintaining and operating the Senior Citizens Center. The
Senior Citizens Center shall be located on a separate legally
described lot which is now a portion of the subject 3.5 acres
and said Senior Citizens Center lot shall not be mortgaged or
otherwise encumbered without the prior written consent of the
Seller. Any mortgage or other encumbrance shall be junior to
the lease to the Seller unless otherwise specifically authorized
in writing by the Seller.
The Buyer shall have use of the facility for storage,
office and miscellaneous activities for the tenant of the
project in cooperation with the County's management of the
Senior Citizens Center.
. Construction costs as per the proposal of the Buyer
shall not exceed one hundred and seventy thousand dollars and'no
cents ($170,000.00).
COUNTY OF EAGLE, STATE OF COLORADO
By and Through its
ATTEST: BOARD OF COUNTY C0�IMISSIONERS
By: f By:
/Q erk or the and t W. Keith Troxe
C airman
`County Commissioners
PROFESSIONAL DEVELOPMENT CORP.
By: woe? -ri
Thomas H. Camp be 1, Pre ent
r
EXHIBIT A
PROPERTY DESCRIPTION
A 3.5 acre portion of Lot- 1, a resubdivision
of Lot 1, Block 1, of the Bull Pasture
Subdivision, according to the recorded Plat
thereof (Plat recorded the 4th day of tilay,
1979, in Book 285 at Page 66; resubdivision
Plat for Lot 1 recorded November 19, 1980, in
Book 313, at Page 283.), County of Eagle,
State of Colorado.
to be more fully described by survey at the Seller's expense.
f EXHIBIT B
BUYER'S PROPOSAL
EAGLE
COUNI"Y
ELDERLY
HOUSING
�z�a.��11COna.� 1��v��o�,m�nE - �o.z�.ouzfion.
3384 `�
84 �fas o7v[. c�uiic 337
38 „9 �`so�as ot% ea��G�ff
PS044 %qo,f 685 -gioo �,:�
c� t�
I N D E X
EXHIBIT NO.
1 PROPOSAL
2 List of Previous Projects funded through
FmHA or similar Federal Agencies
3 Resume - Professional Development Corporation
Resume - Thomas H. Campbell
4 List of References
5 Financial Statements - 1981, 1982, 1983
6 Site Plans, Floor Plans, Elevations, Specifications
. t Y
EXHIBIT N0. 1
P R O P O S A L
i �-
P R O P O S A L
FOR
EAGLE COUNTY ELDERLY HOUSING
EAGLE, COLORADO
Professional Development Corporation proposes to develop an
Elderly Housing Apartment Complex, composed of 36 1- Bedroom
apartment units, of approximately 650 square feet each unit,
in accordance with the enclosed Plans and Specifications.
The estimated cost of this proposed development is: $1,119,583.00.
Based on this estimated cost factor, with financing through
the Farmers Home Administration Section 515, Rural Rental
Housing, Interest Credit, Plan II, program, the monthly rents
will be $ 225.00 Additionally, Professional Development
Corporation proposes to include in this development a Senior
Activites Center of approximately 5000 square feet, to be funded
by Eagle County from the proceeds of the land sale of $250,000.00.
It is estimated that this building will cost approximately
$170,000.00. This would result in an approximate total replace-
ment value of $1,289,583.00 for the entire project.
Professional Development Corporation will prepare all necessary
FmHA funding documents, conduct a market /need survey, furnish
all necessary architectural drawings and specifications to meet
the approval of Eagle County and the Town of Eagle, and coordinate
all financing, construction, etc. Professional Development
Corporation will be the Owner of the project and will assume the
management responsibilities upon completion.
As a part of the application to FmHA for financing, Professional
Development Corporation will request Rental Assistance Payments
for the tenants. If approved, this would result in ,a rent subsidy
to the tenants, thereby relieving some of the burden.
A
11
SUPPLEMENTAL AGREEMENT
OPTION TO PURCHASE REAL PROPERTY
THIS SUPPLEMENTAL AGREEMENT made this -=! day of
June. 1985. between the County of Eagle. State of Colorado. by
and through the Board of County Commissioners and Eagle Manor.
Ltd. (A Tennessee Limited Partnership), assignee of the
Professional Development Corporation.
The parties in consideration of the mutual agreements
contained herein and in order to facilitate the objectives of
the parties herein agree as follows-
1. That the County of Eagle, State of Colorado, by
and through its Board of County Commissioners (hereinafter the
"Seller ") approve the assignment of the Option to Purchase Real
Property dated July 19, 1984, Professional Development
Corporation to Eagle Manor, Ltd. (hereinafter the "Buyer ")
pursuant to the provisions of paragraph 24 of said option.
2. That Seller and Buyer recognize and agree said
option has been extended pursuant to the provisions of
paragraph 19 of the option, and the option now expires on July
20, 1985.
3.
That
Seller and
Buyer agree that
$170,000.00
of
the purchase
price
to be paid
the Seller by the
Buyer shall
be
EXHIBIT
C
placed in a restricted account mutually agreeable to the
Farmers Home Administration and the Board of County
Commissioners for the construction of the Senior Center. The
contract between buyer and seller for the construction of the
Senior Center shall require completion of the Senior Center
simultaneously or prior to completion of the residential
portion of the Senior Housing Project. The completion of
construction of the Senior Center will also be insured by a
Performance Bond to be provided by buyer to Seller. The
contents of said restricted account shall remain the property
of Eagle County and after completion of the Senior Center any
balance in said account may be withdrawn by the County.
4. Seller and Buyer reconfirm that all contract,
deeds and other documents relating to the senior /handicapped
project shall contain appropriate provision insuring the Senior
Center will remain a Community Center for the use of the-
project and area seniors, and for those purposes set forth in
the agreement for a period of no less than fifty years.
5. Buyer and Seller agree that the plans and
specifications of the Senior Center must meet the minimum
property standards of H.U.D. for this type building.
-2•-
6. Buyer and Seller agree that the Farmers Home
Administration of the United States Department of Agriculture
shall be allowed complete access to the site of the Senior
Center described in said option for inspection purpose and the
Farmers Home Administration State Architect or his designee
will make the final inspection of the Senior Center and Senior
Housing Project. However, acceptance by the State Architect
for the Farmers Home Administration of the construction of the
Senior Center shall not be deemed as acceptance by the County.
7. Terms of the construction contract for the Senior
Center shall be entered into by specific contract of parties
but shall include a restatement of the relevant portions of
this agreement and the Option Agreement of July 19, 1984.
B. At the end of the fifty (50) year period provided
for in Section 21, page GA of aforesaid Option to Purchase Real
Property the Buyer or its successors shall sell and the County
of Eagle, its successor or assignees, agrees to purchase the
Senior Citizen Center and the lot on which it is located for
the sum of one dollar ($1.00 U.S.C.). Any conveyance or
transfer of the subject property by the Buyer, its successor or
assignees, shall be subject to the rights of the Seller, its
-3-
successors or assignees, to purchase said Senior Center and
lot, as contained herein.
9. This agreement is to be construed with the Option
Agreement of July 19, 1984 as a unified document
Dated - �, �� 1985.
1 9=4�
COUNTY OF EAGLE: STATE OF COLORADO
By and Through its
ATTEST- BOARD OF TY COMMISSIONERS
plerk o f the Board f David E. Mott, Chairman
ounty Commissioners
EAGLE MANOR LTD.
B
Thomas H. Campbell.
General Partner
- -4-
SUPPLEMENTAL AGREEMENT TO EXTEND
OPTION TO PURCHASE REAL PROPERTY
THIS SUPPLEMENTAL AGREEMENT made this 10th day of
September, 1985, between the County of Eagle. State of Colorado,
by and through the Board of County Commissioners and Eagle
Manor, Ltd. (A Tennessee Limited Partnership). assignee of the
Professional Development Corporation.
The parties in consideration of the mutual agreements
contained herein and in order to facilitate the objectives of
the parties herein agree as follows-
1. That because of conditions beyond the control of
Eagle Manor, Ltd., it has been unable to exercise its option
prior to July 20, 1985, as required by the Supplemental
Agreement of June 24, 1985.
The Board of county Commissioners of the County of
Eagle and Eagle Manor, Ltd, agree that it is in the best
interests of the parties to extend the option past July 19,
1985.
2. That Seller and Buyer recognize and agree to
extend the Option Agreement of July 19, 1984, as modified by the
Supplement Agreement of June 24, 1984, to and until May 1, 1984n.�)� o.
e-,
EXHIBIT
D
t
3. This agreement is to be construed with the Option
Agreement of July 19. 1984, and the Supplemental Agreement of
June 24: 1985, as a unified document
f
Dated C) 1985.
COUNTY OF EAGLE. STATE OF COLORADO
By and 1 ugh its
ATTEST BOARD F CO NTY COMMISSIONERS
Y
By
lerk of the Board of David E. Mott. Chairman
County Commissioners
EAGLE MANOR LTD.
- 4,1ZI
Thomas H. Campbell,
General Partner
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