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HomeMy WebLinkAboutC08-402 WEST END MAINTENANCE AGREEMENT ~, THIS D~IAINTENANCE AGREEMENT (this "Agreement") is made as of '' Y ~-~r~f~-~ % ~ , 2008, by and among EAGLE COUNTY, a governmental entity and political subdivision of the State of Colorado whose address is 500 Broadway, Eagle, Colorado 81631-0850, hereinafter referred to as the "County", and BCP-MIDTOWN INVESTMENTS II, LLC, a Delaware limited liability company, its successors and assigns, hereinafter referred to as "BCP," whose address is 2601 Blake Street, Suite 300, Denver, Colorado 80205. The County and BCP shall collectively be referred to as "Parties." Recitals A. BCP is the fee simple owner of the real property legally described on Exhibit A, attached hereto and incorporated herein by this reference (the "BCP Property"). B. BCP desires to develop the BCP Property into amixed-use project known as "The West End" in accordance with plans submitted to and approved by the County. C. The County is the fee simple owner of the real property legally described on Exhibit B attached hereto and incorporated herein by this reference, which property is commonly known as the Eagle River Preserve (the "Eagle River Preserve"); and D. In connection with the development of the BCP Property and in part consideration of approval thereof, BCP agrees: (i) to be responsible for keeping that portion of the Eagle River Preserve legally described and depicted on Exhibit C attached hereto and incorporated herein by this reference (the "Maintenance Area") free and clear of debris and other non-natural containments; (ii) to donate up to a maximum amount of $25,000.00 to the County to pay for a portion of the cost of periodic inspections and monitoring of the Eagle River Preserve in order to minimize the impact on the Eagle River Preserve of construction of the West End project on the BCP Property. Agreement NOW THEREFORE, for good and valuable consideration, the receipt, adequacy and sufficiency of which is hereby acknowledged, the Parties hereto agree as follows: 1. BCP's Obligations to Maintain Maintenance Area. BCP, or its successors or assigns, including, but not limited to, any homeowners' or other association formed in connection with the BCP Property shall, in perpetuity, use its reasonable, good faith efforts to keep the Maintenance Area free of debris, trash, dog feces and other non-natural containments; provided, however, that such obligations shall not include keeping the Maintenance Area free of toxic or other environmentally hazardous materials not caused or placed on the Maintenance Area by BCP, its successors or assigns. 2. Enforcement of Maintenance Obligations. If BCP, or its successors or assigns, fails to maintain the aforementioned Maintenance Area to the reasonable satisfaction of the County, BCP, its successors or assigns, will be subject to liquidated damages of $200 per day for non-compliance. Before imposition of any liquidated damages, the County must provide written notice to BCP at the address provided for in the Notice section below and provide fifteen (15) t days to cure; provided, however, that if the failure cannot be remedied within such fifteen (15) day period, BCP must commence to cure the failure within said fifteen (15) days and thereafter diligently pursue to cure the failure to completion but in no event more than ninety (90) days following the notice to cure. Such notice shall state with specificity with exact nature of the failure to maintain the landscaping improvements. It is the responsibility of BCP, its successors, or assigns to provide notice of any change of address. Liquidated damages begin to run if cure is not effected within fifteen (15) days; provided, however, that if the failure cannot be remedied within such fifteen (15) day period and BCP has commenced to cure the failure within said fifteen (15) days and thereafter diligently pursues to cure the failure to completion, but not to exceed ninety (90) days, liquidated damages will not be assessed. 3. Donation for Periodic Monitoring of Eagle River Preserve. During construction of the improvements on the BCP Property, BCP agrees to reimburse the County for the cost of periodic inspections and monitoring of the Eagle River Preserve in order to minimize the impact on the Eagle River Preserve. Upon completion of the improvements on the BCP Property, BCP agrees to donate to the County up to a maximum amount of $25,000.00, less the amount previously paid to the County for inspection and monitoring costs during construction, with the balance to be used for future inspection and monitoring costs. 4. Assignment. BCP may, upon notice to but without the consent of the County, assign some or all of BCP's rights and responsibilities under this Agreement to an owner's association for The West End and/or to subsequent owners of all or part of the BCP Property, who shall assume the same. Once assigned and assumed by any owner's association or subsequent owners, BCP shall be automatically released and forever discharged with respect to the rights and responsibilities so assigned. This Agreement may not be assigned by the County without the prior written consent of BCP. 5. Notices. All communications required or permitted to be given under this Agreement shall be in writing, shall be deemed received upon: hand delivery; email notification with confirmation of delivery; one (1) day after being deposited with an over night courier; or three (3) days after being deposited in a United States Post Office, registered or certified mail, postage prepaid, return receipt requested, and shall be addressed as follows: If to the County: Eagle County 500 Broadway P. O. Box 850 Eagle, Colorado 81631-0850 Attn: Bryan Treu, County Attorney Email: btreuC ea ecounty.us 2 If to BCP: BCP-Midtown Investments II, LLC 2601 Blake Street, Suite 300 Denver, Colorado 80205 Attn: Brian Bair Email: bbair@midtown ou .net ~„ r i A hC,~~U~ With a copy to: 3ones & Keller, P.C. 4600 South Ulster Street, Suite 880 Denver, Colorado 80237 Attn: Deborah L. Bayles, Esq. Email: dbayles@joneskeller.com Either party may change its address by giving notice to the other in accordance with this Section 5. 6. Miscellaneous 6.1 The terms of this Agreement and all rights granted hereunder shall constitute covenants running with the land and shall inure to the benefit of and be binding upon the signatories hereto and their respective legal representatives, heirs, executors, administrators, permitted successors and assigns. 6.2 Other than that certain Temporary Access Agreement, First Amendment to Easement, and Easement Agreement being entered into by the parties hereto and/or recorded concurrently herewith, this Agreement constitutes the entire agreement between the parties relating to the subject matter hereof and supersedes all prior or contemporaneous agreements, negotiations, discussions and understandings, oral or written, unless otherwise provided herein. This Agreement may be modified by written amendment, only, executed by all parties hereto. Without limiting the generality of the foregoing, the conduct of any of the Parties shall not be deemed a waiver or modification of this Agreement. 6.3 The laws of the State of Colorado, without regard to conflicts of laws principles, shall govern this Agreement. 6.4 If a term, provision, covenant, agreement or condition of this Agreement is held by a court of competent jurisdiction to be void, invalid, or unenforceable, the same shall not affect any other portion of this Agreement and the remainder shall be effective as though such term, provision, covenant, agreement, or condition had not been contained herein. 6.5 Any Party's failure to insist upon strict compliance with any provision hereof or its failure to enforce any rights or remedies in any instance shall not constitute or be deemed a waiver of any such provision, right or remedy in the absence of a signed writing by such Party agreeing to such waiver. 6.6 If any civil action, arbitration or other legal proceeding is brought for the enforcement of this Agreement, or because of an alleged dispute, breach, default or misrepresentation in connection with any provision of this Agreement, the successful or prevailing party or parties shall be entitled to recover reasonable attorneys' fees, court costs, sales and use taxes and all expenses even if not taxable as court costs (including, without limitation, all such fees, taxes, costs and expenses incident to arbitration, appellate, bankruptcy and post judgment proceedings), incurred in that proceeding, in addition to any other relief to which such party or parties may be entitled. Attorneys' fees shall include, without limitation, paralegal fees, investigative fees, administrative costs, sales and use taxes and all other charges billed by the attorney to the prevailing party (including any fees and costs associated with collecting such amounts). [signature page follows] 4 IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first set forth above. ATTEST: o`~~~~~ 2 Clerk to the B d of County Commissioners _ oo~o~.o° STATE OF COLORADO COUNTY OF EAGLE COUNTY: COUNTY OF EAGLE, STATE OF B CP: BCF-MIDTOWN INVESTMENTS II, LLC. A Delaware limited liability company B y: Name: w ~ ~ (r Title: Manager } Ss. } ~'(1e foregoing d ent as knowledged before me this ~ day of ~N 008, by ' ~~--~- ~ ~ , as Chairman of the Eagle County, Colorado Board of County Commiss' Hers. Witness my hand and official se My Commission Expires: ~"" Z-~'" ~~" ~~ ~ ~ ~~ Notary PubY' ~ ~.... NANCY R.1NRIGHT $ NOTARY P~;SLIC STATE OF COLORADO My Commission Expires 12/18/2010 COLORADO BY AND THROUGH ITS BOARD OF COUNTY COMMISSIONERS , STATE OF COLORADO )S5. COUNTY OF ~~t1 ~(2 ~ ) i foregoing document was acknowledged before me this ~ ~FCQ m ~ ~ ~ day of Afe~er, 2008, by F~~~a{~~'~1 ~ ~jc:~~C , as Manager of BCP-Midtown Investments II, LLC, a Delaware limited liability company. Witness my hand and official seal. My commission expires ~YL~22~ ~_D\ l~ ~~ ~~ ~~~ Notary Pu lic Exhibit A Legal Description of the BCP Property THAT REAL PROPERTY LOCATED IN THE EAST HALF OF SECTION 5, TOWNSHIP 5 SOUTH, RANGE 82 WEST OF THE SIXTH PRINCIPAL MERIDIAN, COUNTY OF EAGLE, STATE OF COLORADO. BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE EAST QUARTER CORNER OF SAID SECTION 5 AND CONSIDERING THE NORTH LINE OF THE SOUTHEAST QUARTER OF SAID SECTION 5 TO BEAR SOUTH 89°43'32" EAST WITH ALL BEARINGS CONTAINED HII2EIN RELATIVE THERETO; THENCE NORTH 89°43'32" WEST, ALONG THE NORTH LINE OF SAID SOUTHEAST OUARTER OF SECTION 5, A DISTANCE OF 1370.99 FEET TO THE POINT OF BEGINNING; THENCE SOUTH 02°O1 '41" WEST, A DISTANCE OF 403.75 FEET; THENCE SOUTH 69°56'03" WEST, A DISTANCE OF 163.57 FEET TO A POINT ON A CURVE ON THE NORTHERLY RIGHT-OF-WAY LINE OF US HIGHWAY 6; THENCE ALONG SAID NORTHERLY RIGHT OF WAY LINE, ALONG THE ARC OF ANON-TANGENT CURVE TO THE LEFT HAVING A CENTRAL ANGLE OF 11 °39'46", A RADIUS OF 2915.00 FEET, AN ARC LENGTH OF 593.36 FEET, THE CHORD OF WHICH BEARS NORTH 59°41'24" WEST TO THE SOUTHEASTERLY CORNER OF THAT PARCEL OF LAND DESCRIBED IN DEED RECORDED IN BOOK 485 AT PAGE 727 IN THE RECORDS OF THE EAGLE COUNTY CLERK AND RECORDER: THENCE NORTH Ol°29'41"EAST, ALONG THE EASTERLY LINE OF SAID PARCEL, A DISTANCE OF 163.96 FEET TO A POINT ON THE NORTH LINE OF SAID SOUTHEAST QUARTER: THENCE CONTINUING NORTH O1°29'41" EAST, ALONG SAID EASTERLY LINE, A DISTANCE OF 20.33 FEET TO THE WESTERLY END OF THE PROPERTY LINE DESCRIBED IN PROPERTY LINE AGREEMENT RECORDED UNDER RECEPTION N0.200606039, IN THE RECORDS OF THE EAGLE COUNTY CLERK AND RECORDER; THENCE ALONG SAID PROPERTY LINE AGREEMENT RECORDED UNDER RECEPTION N0.200606039, THE FOLLOWING FOUR (4) COURSES: 1. SOUTH 87°32'45" EAST, A DISTANCE OF 56.61 FEET; 2. SOUTH 89°09'51" EAST, A DISTANCE OF 97.26 FEET; 3. SOUTH 88° 17'33" EAST, A DISTANCE OF 229.33 FEET; 4. SOUTH 87° 16'09" EAST, A DISTANCE OF 87.15 FEET; THENCE SOUTH 87°56'01" EAST, A DISTANCE OF 179.12 FEET; THENCE NORTH 87°2730" EAST, A DISTANCE OF 25.53 FEET; THENCE SOUTH 02°01'41" WEST, A DISTANCE OF 3.40 FEET TO THE POINT OF BEGINNING. PARCEL 2: ANY BENEFITS CREATED BY EASEMENT RECORDED NOVEMBER 12,1996 IN BOOK 711 AT PAGE 177. EXHIBIT Exhibit B Legal Description of the Eagle River Preserve EXHIBIT AMENDED FINAL PLAT EATON RANCH A Portion of the W 1/2 of the NE 1/4 and a portion of the E 1/2 of the NW 1/4, Section 5, T 5 S, R 82 W of the 6th P.M., Eagle County, Colorado Rmw dl mm br u«. p,ee«le. tlgt aww E Eetm ono oYnNw - Eatm. 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Ywwment m Oeexrpea O was s.exwn con,. waaam t u 6..«u.e maluw wNt... cam. warcate preaw+r 9c paeaM/pklled awimca (%0090'00')()(00000') ma/« Bear9p M q~11~ V ~~\~ \\.ie'S~~ A~IEI.eR rm'I IrEWp ~v T, / u/Ya 1e9.~ i ~ , ~vt,~a w: ~ ~ „~ I\ // .~ ocd I 1 \ ~~ a € I ,~~ I~ ~ ~=sy~~: x~_ _ I I I~ I I ~ :, R 1~ 1 I a 1 ~° d. 111 I '~Ac ' )/ >,/9 ° 1 I; ~~t aC991', I ~ I I ~ I I~ I I I l-- _ __- - I --_-_ ---__ __-- _ _._ -~rw~917 w.: a. 1 ---._cB)5T a6'W j ___._ wwpe'W~rro. rma 9 1=f/t' 9.n 9K w>. 1- _ _ - - __ _ Re2Y «Ne/atM ~I .~. 2 °` 2 Ezhibit C Legal Description and Depiction of Maintenance Area EXHIBIT LEGAL DESCRIPTION PARCEL SHEET 1 OF 2 A PARCEL OF LAND FIFTY (50) FEET fN WIDTH BEING PART OF PARCEL A, EATON RANCH, RECORDED AT RECEPTION N0. 927914 OF THE RECORDS OF THE EAGLE COUNTY CLERK AND RECORDER, LOCATED IN THE NORTHEAST QUARTER OF SECTION 5, TOWNSHIP 5 SOUTH, RANGE 82 WEST OF THE SIXTH PRINCIPAL MERIDIAN, COUNTY OF EAGLE, STATE OF COLORADO, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE SOUTHWEST CORNER OF SAID NORTHEAST QUARTER OF SECTION 5 AND CONSIDERING THE SOUTH LINE OF SAID NORTHEAST QUARTER OF SECTION 5 TO BEAR SOUTH 89'43'32" EAST WITH ALL 6EARINGS CONTAINED HEREIN RELAT{VE THERETO; THENCE SOUTH 89'43'32" EAST ALONG SAID SOUTH LINE, A DISTANCE OF 645.75 FEET TO THE SOUTHEASTERLY CORNER OF THAT PROPERTY LINE AGREEMENT RECORDED IN BOOK 485 AT PAGE 725 OF THE RECORDS OF THE EAGLE COUNTY CLERK AND RECORDER; THENCE NORTH 01'29'41" EAST ALONG THE EASTERLY LINE OF SAID PROPERTY LINE AGREEMENT, A DISTANCE OF 20.33 FEET TO THE NORTHEASTERLY CORNER OF SAID PROPERTY LINE AGREEMENT, SAID POINT ALSO BEING THE POINT OF BEGINNING; THENCE NORTH 02'27'15" EAST, A DISTANCE OF 50.00 FEET; THENCE SOUTH $7'32'45" EAST, A DISTANCE OF 55.91 FEET; THENCE SOUTH 89'09'51" EAST, A DISTANCE OF 96.93 FEET; THENCE SOUTH 88'17'33" EAST, A DISTANCE OF 230.16 FEET; THENCE SOUTH 87'16'09" EAST, A DISTANCE OF 87.31 FEET; THENCE SOUTH 87'56'01" EAST, A DISTANCE OF 176.82 FEET; THENCE NORTH 87'27'30" EAST, A DISTANCE OF 27.52 FEET TO A POINT ON THE EASTERLY BOUNDARY OF SAID PARCEL A, EATON RANCH; THENCE SOUTH 02'01'41" WEST ALONG SAID EASTERLY BOUNDARY, A DISTANCE OF 50.16 FEET; THENCE SOUTH 87'27'30" WEST, A DISTANCE OF 25.53 FEET; THENCE NORTH 87'56'01" WEST, A DISTANCE OF 179.12 FEET; THENCE NORTH 87'16'09" WEST, A DISTANCE OF 87.15 FEET; 'THENCE NORTH 88'17'33" WEST, A DISTANCE OF 229.33 FEET; THENCE NORTH 89'09'51" WEST, A DISTANCE OF 97.26 FEET; THENCE NORTH 87'32'45" WEST, A DISTANCE OF 56.61 FEET TO THE POINT OF BEGINNING; SAID PARCEL CONTAINS AN AREA OF 33,742 SQUARE FEET, OR 0.77 ACRES, MORE OR LESS. I, THOMAS D. STAAB, A SURVEYOR LICENSED IN THE STATE OF COLORADO, DO HEREBY CERTIFY THAT THE ABOVE LEGAL DESCRIPT10N WAS PREPARED BY ME OR..,U.1V~~k~MY DIRECT SUPERVISION AND CHECKING. ,~~~~~~~t«os'.~~;.:.. ~ ~. Z- o-c! tr~v .~ ~.~ a~9 THOMAS D. STAAB, P.L.S. 2365 ~'a+''r~;`=`~~os~s~~L'cy`~`~''~ FOR AND ON BEHALF OF CARROLL &~;~L"A,i~G~~~L_'~,•~~`~ ~-7 Carroll & Lange / Z '~- ~~ ^ ~ ~ , . ~, ,k.;,,. ~ Prolass(onal EnOineers & Land SurvsYOrs I " 165 South Unlon BIW„ Sulta X58 DATE Lakewood, Colo2do 80228 (363)980-0200 ~x ~ EXHIBIT SHEET 2 OF 2 PARCEL A EATON RANCH REC. N0. 927914 ~ aI '~J-Clj SCALE: 1' = 100' _ S02'_01'41 "W 54.16 . N87'27'34"E 27.52' 33,742 SFt 0.77 ACf w o~ ~^ ~ r rn W s o :- ~M h ~ S89'09'S1 "E ss.s3'- S8T32'45"E 55.91' N02'27'15"E 50.00' PROPERTY LINE AGREEMENT LEGEND: 8K 485, Pc ~zs / • DENOTES A CHANGE IN I~OM/MEN~~T m COURSE ONLY. SW CORNER NE i/4 SEC 5 z NO MONUMENT FOUND J NOTE: THIS EXHIBIT DOES NOT REPRESENT A MONUMENT SURVEY. W 1/4 COR SEC 5 IT -S INTENDED ONLY TO DEPICT ~D ,~i/a' ALUM CAP -~ THE ATTACHED DESCRIPTION. srAMPED pLS za3ra' P• J8S0 EXI10 EAST i/4 CORNER SEC 5 FND 3-1/4' ALUM CAP STAMPED 'ALPINE ENC' 587'27'30"W ~ 25.53' 3 'c°o u~ ~ ~~ N87'1 s'os"w ~---- 87.15' t N hh ~~ iD y~ M2= PROPOSED SUBDIVISION N~~ THE WEST END N~~ FILING N0. 1 3~~ Mm Ih r ao o~ Z I N89'09'51 "W .~--- s7.2s' N87'32'45"W ~- 56.61' ~ ~ 8 NNIc s~ ~s -FOUND 50' WJ7NfSS CORNER TO SW COR NE f/4 SEC 5, 3-i/4' ALUM. CAP PLS 28286 /~ Carroll ~ Lange= Professional Enpinaers 8 Lend Sunreyoa " 165 Soulh Unfon Blvd., Sulfa 156 Lakewood. Coloratlo 80228 (303) 980-0200 -NAtNT-AREA.ON'C, SHEET 2 OF 2, PREPARED 08/08/07, RF r +~ ~.