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HomeMy WebLinkAboutC07-219 Sonnenalp Golf Club_public improvements File No. MI-12085PUBLIC IMPROVEMENTS AGREEMENT Sonnenalp Golf Club File No. MI -12085 THIS PUBLIC IMPROVEMENTS AGREEMENT ("Agreement") made and entered into this 147_ day of June, 2007, by and between the County of Eagle, State of Colorado, (hereinafter "County") and SPI Golf, Inc., also known as the Sonnenalp Golf Club (hereinafter 'Developer"). WITNESSETH WHEREAS, the Developer, as a condition. of approval of the Sonnenalp Golf Club Grading Permit number MI -12085, desires an Agreement as provided for by the Land Use Regulations of Eagle County, Colorado, 1999, as amended (hereinafter referred to as "Land Use Regulations") Chapter II, Section 5-240F.3.h.(4) and Section 4-210C; and WHEREAS, pursuant to the same authority, the Developer is obligated to provide security or collateral sufficient in the judgment of the County to make reasonable provisions for completion of certain public improvements (hereinafter described as "Public Improvements"); and WHEREAS, pursuant to Article IV, Section 4-610B of the Land Use Regulations, development in the unincorporated areas of Eagle County shall be planned and designed with all plans and reports prepared under the direct supervision of a Professional Engineer; NOW, THEREFORE, in consideration of the foregoing premises and the following promises, it is hereby understood and agreed as follows: 1. PUBLIC IMPROVEMENTS 1.1 Public Improvements. Public Improvements are deemed to include all public improvements related to this development on and off-site, as more specifically identified in Section 1.2 hereof. 1.2 Scope of Work. The Developer hereby agrees, at its sole cost and expense, to furnish all necessary equipment and material, and to complete all Public Improvements as referenced in the attached Exhibit "A", and as set forth in all documents, construction drawings, designs, maps, specifications, sketches, and other materials submitted by the Developer prior to or at grading permit approval and accepted by the County, and in accordance with all laws of the United States of America, State of Colorado, County of Eagle, and their respective agencies and affected governmental entities. Such performance shall include acquisition of all necessary rights-of-way. 1.3 Duties of Developer. For those Public Improvements required herein, including but not limited to the reconstruction and physical improvements of that portion of any road subject to this Agreement, the Developer shall retain a Registered Professional Engineer whose duties shall include construction staking, observation of construction for conformance to the approved plans and specifications, and materials sampling, testing and inspection using the Colorado Department of Transportation 2001 Field Materials Manual as a guide for frequency of sampling and testing. 1.3.1 Test Reports. All test reports shall be consecutively numbered, with copies furnished directly to the Eagle County Engineer from the laboratory as they are reported to the Developer or its engineer. 1.3.2 Record Drawings of Public Improvements. Record drawings, sealed, signed and dated by a Registered Professional Engineer showing the as -constructed horizontal and vertical locations of Public Improvements shall be submitted to the Eagle County Engineer prior to commencement of the two year warranty period and the final release of collateral by the County. 1.4 Date of Completion. All Public Improvements shall be completed within six (6) months from the date of this Agreement. 1.5 ADproval and Acceptance of Work. 1.5.1 Copies of all test results corresponding to work which is being inspected and any other information which may be necessary to establish the satisfactory completion of the work for which inspection is requested must be submitted prior to said inspection. All such information shall be accompanied by a letter from the Developer's engineer verifying the satisfactory completion of the work performed to date. 1.5.2 Within twenty-four (24) hours, or as shortly thereafter as possible after receiving a request for inspection and the required documentation, the County Engineer shall review the information presented and, if necessary, make a public inspection of the work completed. 1.5.3 All said work shall be done to the reasonable satisfaction of the County Engineer and/or the County Department of Community Development, and shall not be deemed complete until approved and accepted as complete by the County. 1.6 Estimated Costs of Public Improvements. The estimated cost of the Public Improvements is the sum of $10,500.00, as summarized in Exhibit "A" attached hereto. To secure and guarantee performance of its obligations as set forth in this Section 1, including the completion of the required Public Improvements, the Developer hereby agrees to provide security and collateral in the form and as set forth in Section 2, below. 1.7 Revegetation Guarantee. Developer has submitted a revegetation plan on the grading plan for the grading permit which complies with Section 4-665, Erosion Control Standards. The Developer agrees to abide by the revegetation plan, dust suppression plan and stormwater management plan approved by the Eagle County Engineer. 2. SECURITY AND COLLATERAL 2.1 Collateral. Security and Collateral required in Section 1.6 herein, as security for the performance by Developer of its obligations under this Agreement, shall be in the total amount of $12,175.00. The Developer shall obtain collateral in such form acceptable to the County ("Collateral") prior to issuance of the Grading Permit, as specified in Exhibit "B" attached hereto. 2.2 Partial Release of Collateral. Developer may apply to the County for the release of portions of the Collateral based upon the work completed in accordance with this Agreement. To make such releases, Developer shall request the County Engineer to inspect the work in order to verify satisfactory completion in accordance with plans and specifications in accordance with Section 1.5. 2.3 Final Release of Collateral/Warr4M. Within thirty (30) days after Developer has completed all of the work required by this Agreement and the work has been approved and accepted by the County, the entire remaining amount of the Collateral, less an amount equal to ten percent (10%) of the original Collateral, shall be released. Developer shall be responsible for the condition of the Public Improvements for a period of two (2) years after completion; this shall be guaranteed either through the retention of Collateral, as set forth above, or Developer may provide a guarantee bond in an amount and in a form acceptable to the County — which would be substituted for the release of the entire amount of the Collateral. 2.4 Substitution of Collateral. The Developer may, at any time, substitute the Collateral originally deposited with the County herein, for another form of collateral acceptable to the County, to guarantee the faithful completion of the Public Improvements referred to herein and the performance of the terms of this Agreement. At the time of substitution of collateral, an inflationary and/or deflationary factor based upon the Denver -Boulder, Colorado Consumer Price Index for All Urban Consumers, All Items (1967=100) published by the U.S. Bureau of Labor Statistics, 303-837-2467, or, alternatively, an approved construction cost index, shall be used to determine an adjusted estimated cost for all Public Improvements as described herein, and collateral shall be submitted by the Developer in accordance therewith. 2.5 Draws. Draws against the Collateral shall only be made as directed by written Resolution of the County, stating that there has been an event of default under this Agreement and that a sum certain is required to remedy the default. Any amount drawn on the Collateral must be applied for the purpose of completing the work required by this Agreement and related expenses and costs. 2.6 Events of Default. The following events shall be deemed "Events of Default," entitling the County to draw on the Collateral: 2.6.1 If Developer has not completed the work required by this Agreement within thirty (30) days prior to the Date of Completion set forth herein, the County may, after ten (10) working days' written Notice to Developer, draw upon the Collateral an amount sufficient to complete said work and compensate the County for its reasonable costs and expenses related to said draw. 2.6.2 If the original collateral presented to the County (or any extension thereof) is due to expire and the work is not yet completed, and Developer has not provided substitute collateral or the bank's written extension to the original collateral (as it may have been previously extended), the County shall draw on the Collateral according to the provisions set forth in this Section 2. It is Developer's responsibility, with or without notice, to ensure that the Collateral is extended, or that substitute collateral is provided in a form acceptable to the County, at least ten days prior to its expiration. If Collateral is neither extended nor substitute collateral provided, in a form acceptable to the County, at least ten days prior to its expiration, the Developer shall pay the County an additional $500 (Five hundred dollars) for the additional administrative work required because of the failure to extend or substitute collateral in a timely manner as required by this agreement. 2.6.3 If the Collateral is substituted, as otherwise provided herein, this Agreement may be amended or modified in order to set forth specific Events of Default deemed necessary, in the County's sole discretion, commensurate with the type of collateral substituted. 2.7 Costs and Expenses. Developer agrees to pay any costs and expenses, including but not limited to legal fees, which the County may incur in determining to accept collateral, in drawing upon the collateral, or in accomplishing an extension of its expiration. 2.8 Landscape Plan Collateral. 2.8.1 Developer agrees to provide collateral in a form acceptable to the County Attorney to ensure landscaping will be installed. Developer agrees to provide collateral for no less than one hundred and twenty-five percent (125%) of the estimated cost of the landscaping improvements listed in Exhibit A, Construction Cost Estimate. 2.8.2 As portions of the landscape improvements are completed, the County Engineer shall inspect them, and upon approval and acceptance, shall authorize the release of the agreed estimated cost for that portion of the improvements, except that the ten percent (10%) shall be withheld until all proposed landscape improvements are completed and approved, and an additional twenty-five percent (25%) be retained until the landscape improvements have been maintained in a satisfactory condition for two (2) years. 3. INSURANCE and INDEMNIFICATION 3.1 Certificates of Insurance. The Developer shall secure from any contractor or subcontractor engaged in the work necessary to comply with this Agreement a Certificate of 4 Insurance providing for liability protection in the minimum amount of $150,000 per individual and $600,000 per occurrence, naming the county as an additionally named insured. The Developer, if it serves as the contractor for the Public Improvements, shall provide insurance in the same form and amounts as required of the general contractor. Said limits shall be adjusted to comply with any changed limits in the Colorado Governmental Immunity Act, Title 24, Article 10, Colorado Revised Statutes. 3.2 Couply Incurs No Liability. The County shall not, nor shall any officer or employee thereof, be liable or responsible for any accident, loss or damage happening or occurring to the Beaver Creek Landing Roundabout or Public Improvements specified in this Agreement prior to the completion and acceptance of the same; nor shall the County, nor any officer or employee thereof, be liable for any persons or property injured or damaged by reasons of the nature of said work on the Public Improvements, but all of said liabilities shall be and are hereby assumed by the Developer. The Developer hereby agrees to indemnify and hold harmless the County and any of its officers, agents and employees against any losses, claims, damages or liabilities for which the County or any of its officers, agents, or employees may become subject to, insofar as any such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon any performance by the Developer hereunder; and the Developer shall reimburse the County for any and all legal and other expenses incurred by the County in connection with investigating or defending any such loss, claim, damage, liability or action. This indemnity provision shall be in addition to any other liability which the Developer may have. 4. GENERAL PROVISIONS The following shall apply to all Public Improvements, including off-site improvements, set forth in this Agreement: 4.1 Compliance with Land Use Regulations. The Developer shall be required to obtain all necessary permits and comply with the provisions of the Land Use Regulations, including but not limited to the Regulations for Construction within the Public Ways of Eagle County (Chapter V), as the same are in effect at the time of commencement of construction of the Public Improvements referred to herein. 4.2 Public Improvement Agreement Controls. In the event of any inconsistency or incongruity between the provisions of this Agreement and the Land Use Regulations, the provisions of this Agreement shall, in all respects, govern and control. 4.3 Warranties and Guarantees. There shall be a two-year correction period, or such longer period as may be prescribed by law, from the time of completion of the Public Improvements during which time the Developer shall promptly correct or remove and replace, in accordance with the County's written instructions, defective work or materials and consequences thereof. Repair or replacement made under the two-year correction period shall bear an additional one-year correction period from the acceptance of the repair or the replacement by the Eagle County Engineer. The work shall be collateralized during the correction period in an amount and type of collateral as shall be reasonably determined by the County. The work shall be inspected, at the request of the Developer no less than sixty (60) days prior to expiration of the one-year additional correction period, and any deficiencies shall be noted to the Developer. 4.4 Approval of Gradin Permit. The County agrees to the approval of the Sonnenalp Golf Club Grading Permit, No. MI -12085, subject to the terms and conditions of this Agreement. 4.5 Amendment and Modification. The parties hereto mutually agree that this Agreement may be amended or modified from time to time, provided that such amendment or modification be in writing and signed by all parties hereto. 4.6 Assignability. This Agreement shall be enforceable against the Developer, provided, however, that in the event the Developer sells, transfers or assigns all or part of the subject property, the obligations of the Developer under this Agreement as to that portion of the subject property may be assumed in writing by the purchaser of the parcel, and the Developer shall have no further obligations hereunder. It is agreed, however, that no such assumption of these obligations shall be effective unless the county gives its prior written approval to such assumption following an investigation of the financial condition of the purchaser. The Developer shall not otherwise assign, transfer, convey, pledge or otherwise dispose of this Agreement without prior written consent of the County, which consent shall not be unreasonably withheld. 4.7 Binding upon Successors. This Agreement shall inure to the benefit of and be binding upon the parties hereto, their respective successors, and assigns. 4.8 Sole Responsibility of Developer Prior to County Acceptance. It is further agreed and understood that, at all times prior to the completion and acceptance of the Public Improvements set forth herein by the County, each of said improvements not accepted as complete shall be under the sole responsibility and charge of the Developer. When it is necessary to allow the general public to utilize the roadways under construction by the Developer, traffic control and warning devices shall be placed upon such roadways by the Developer in accordance with the Manual on Uniform Traffic Control Devices for Streets and Highways as prepared by the U.S. Department of Transportation, Federal Highway Administration. 4.9 No Rights to Third Parties. This Agreement does not and shall not be deemed to confer upon or grant to any third party any right to claim damages or to bring any lawsuit, action or other proceedings against either the County or its officers, employees or agents because of any breach hereof or because of any terms, covenants, agreements or conditions contained herein. 4.10 Notice. Notice required pursuant to the terms of this Agreement shall be deemed given on the day that the same is placed in the United States Mails, postage prepaid, certified or registered mail, return receipt requested. All notices shall be sent to the County Engineer and the County Attorney at P.O. Box 850, Eagle, CO 81631. 4.11 Enforcement and Attorney Fees. The County may enforce the provisions of this Agreement in the same manner and with the same remedies applicable to the enforcement of land use regulations pursuant to the Eagle County Land Use Regulations, as they may be amended from time to time, or as otherwise provided by law. Alternatively, the terms of this Agreement may be enforceable by the Board or its designee by any appropriate equitable or legal action including, but not limited to, specific performance, mandamus, abatement, or injunction. 6 The remedies explicitly provided herein are cumulative, and not exclusive, of all other remedies provided by law. The prevailing party in any action brought pertaining to this Agreement shall be entitled to an award of costs and reasonable attorney's fees. 17=i the parties hereto have executed this Agreement this day of 7. E STATE OF COLORADO ATTEST: Clerk to the B and of County Commissioners STATE OF COLORADO County of Eagle COUNTY OF EAGL , By and Through its y cBOARD OF COUNTY COMMISSIONERS v � � ss. neem, Chairman v rCF, k - DEVELOPER: C!' SPI GOLF, By: Johannes Faessler, Owner/Manager 1 Address for giving notice: P. O. Box 1080 1265 Berry Creek Road Edwards, Colorado 81632-1080 'The foregoing was acknowledged before me this t3L � day of June, 2007, by Johannes Faessler asowner/Manager of SPI Golf, Inc., a Colorado corporation. WITNESS my hand and 7offi;ciall eal. My commission expires 01 ' Notary Public 7 LKP `.: Engineering, Inc. CIVIL/GEOTECHNICAL November 30, 2006 Mr. Neil Tretter Sonnenalp Golf Club P.O. BOX 1080 Edwards, CO 81632 Dear Neil: ECEI��'E ENGINEE C RE: Construction Cost Estimate Sonnenalp Golf Course Berm to Praire Circle Sonnenalp Golf Course - Singletree Edwards, Eagle County, Colorado Project No. 05067 Following is a cost estimate for the proposed work to construct the earth berm at the Sonnenalp Golf Course to Prarie Circle: Shaping ....................................................$7,000.00 Re -vegetation ...........................................$2,000.00 Irrigation .....................................................$500.00 Erosion Control ........................................$1000.00 Grand Total ............................................$10,500.00 If you have any questions, please do not hesitate to call. Sincerely, ��"O..Rf �� LKP Engineering, Inc.���.•• PETRO;, 29526 Luiza Petrovska, P.E.%N A1. President /nu1mmm J:\WP12-LKP\05067PROJECTCOSTESTIMATE.wpd P.O. Box 2837, Edwards, CO 81632, (970) 926-9088 Tel, (970) 926-9089 Fax 0 Alpine Bank Vail 12 Vail Road, Suite 200 Vail, Colorado 81657 970-476-8700 Fax 970-476-2366 IRREVOCABLE STANDBY LETTER OF CREDIT Date of Issue: June 8, 2007 Amount: $12,175.00 Number: 4450303233 Expiration Date: June 8, 2008 APPLICANT: Sonnenalp Golf Club, Inc. BENEFICIARY: County of Eagle, Colorado PURPOSE: Public Improvements required by the County of Eagle, State of Colorado, Pursuant to a Subdivision Improvements Agreement between the County of Eagle and Sonnenalp Golf Club, Inc. To Whom It May Concern: We hereby establish in County of Eagle, Colorado's favor, at the request and for the benefit of Sonnenalp Golf Club, Inc., our Irrevocable Standby Letter of Credit in an amount not to exceed $12,175.00 (U.S. $12,175.00). The purpose of this letter is to secure the performance of and the compliance with, the Subdivision Improvements Agreement by and between Sonnenalp Golf Club, Inc. and County of Eagle, Colorado, dated 4. 1 �'. 4 �7 and titled " �rro.�rL..wde urvYl ". County of Eagle, Colorado shall promptly notify Bank when a default or event of default of said agreement occurs. Your notification shall include any notice or order required to be sent to Sonnenalp Golf Club, Inc. pursuant to the agreement. Notice shall be by telephone and in writing to: Alpine Bank Vail Attention: Michael Glass 12 Vail Road, Suite 200 Vail, CO 81657 970-476-8700 We hereby agree to honor drafts drawn under and in compliance with the terms of this Letter of Credit if duly presented to a loan officer at 12 Vail Road, Suite 200, Vail, CO 81657, during normal business hours on or before the expiration date. Partial drawings are permitted. This Letter of Credit is not transferable. www.aipinebank.com Alpine Bank The conditions for payment of any draft drawn against this Letter of Credit are as follows: 1. Receipt by Bank of County of Eagle, Colorado's manually signed statement by an authorized signatory certifying that Sonnenalp Golf Club, Inc. has failed to perform with, or comply in accordance with, the provisions of said agreement by and between Sonnenalp Golf Club, Inc. and County of Eagle, Colorado, and stating the dollar amount of the default. 2. Presentation of the original Letter of Credit to Bank, endorsed on the reverse side with the words: "Drawn by County of Eagle, Colorado in the amount of ($ amount)" then manually signed by an authorized signatory. This Letter of Credit shall be governed by Article V of the Uniform Commercial Code as in effect in the State of Colorado on the date of issue. This Letter of Credit sets forth in full the terms of our undertaking, and such undertaking shall not in any way be modified, amended, amplified or limited by any document, instrument or agreement referred to herein, or in which this credit is referred to, or to which this credit relates; and no such reference shall be deemed to incorporate herein by reference any such document, instrument or agreement. ALPINE BANK VAIL By: Michael GlIsO resident EXHIBIT www.alpinebank.com