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HomeMy WebLinkAboutC97-153 Mountain Meadows Ranch SIA1 10 C'971 5 a 51' 111111111111111111111111111111111111111111111111111111111111111 IN 625654 06/17/1997 05:27P 8729 P693 1 of 13 R 0.00 D 0.00 Sara J Fisher, Eagle, CO SUBDIVISION IMPROVEMENTS AGREEMENT MOUNTAIN MEADOWS RANCH SECOND FILING THIS SUBDIVISION AGREEMENT ("Agreement") made and entered into this lT day of June, 1997, by and between Mountain Meadows Ranch, a Colorado limited partnership (hereinafter "Subdivider") and the Board of County Commissioners of the County of Eagle, State of Colorado (hereinafter "County"). v WITNESSETH WHEREAS, the County on or about July 25, 1979, entered into a Subdivision Improve- ments Agreement ("Previous Agreement") with Ruth A. Fender, Marvin L. Fender and H. Gary Fender ("Original Subdivider") to secure the performance of the public improvements associ- ated with Mountain Meadow Ranch Subdivision, Second Filing, as set forth on the final plat recorded in Book 289 at Page 266 of the records of the Eagle County Clerk and Recorder's Office.; and WHEREAS, to secure the performance of the Previous Agreement, the Original Subdivider provided the County with a Promissory Note secured by a First Deed of Trust ("Deed of Trust"), recorded in book 290 at Page 985 in the records of the Eagle County Clerk and Recorder's office, evidencing a first lien on Lots 37 and 38, Mountain Meadow Ranch, Second Filing, according to the recorded final plat thereof; and WHEREAS, by Eagle County Resolution No. 83-54, Subdivider was granted a partial release of the Deed of Trust, (partial release of Deed of Trust is recorded in Book 290 and Page 985 in the records of the Eagle County Clerk and Recorder's Office), due to a resubdivision of Lots 37 and 38 as shown on the Amended Final Plat, recorded in Book 361 and 972 in the records of the Eagle County Clerk and Recorder's office; and WHEREAS, the Original Subdivider never completed the improvements as required under the Previous Agreement, and in order to sell Lots 37 and 38 Subdivider requests the County to release said Deed of Trust; and WHEREAS, as a condition of release of said Deed of Trust by the County, Subdivider desires an Agreement as provided for by C.R.S. 30-28-137, to guarantee to the County the completion of those unfinished public improvements associated with the Previous Agreement; and C'97 15 3 5 Y' SUBDIVISION IMPROVEMENTS AGREEMENT MOUNTAIN MEADOWS RANCH SECOND FILING THIS SUBDIVISION AGREEMENT ("Agreement") made and entered into this -4 day of June, 1997, by and between Mountain Meadows Ranch, a Colorado limited partnership (hereinafter "Subdivider") and the Board of County Commissioners of the County of Eagle, State of Colorado (hereinafter "County"). WITNESSETH WHEREAS, the County on or about July 25, 1979, entered into a Subdivision Improve- ments Agreement ("Previous Agreement") with Ruth A. Fender, Marvin L. Fender and H. Gary Fender ("Original Subdivider") to secure the performance of the public improvements associ- ated with Mountain Meadow Ranch Subdivision, Second Filing, as set forth on the final plat recorded in Book 289 at Page 266 of the records of the Eagle County Clerk and Recorder's Office.; and WHEREAS, to secure the performance of the Previous Agreement, the Original Subdivider provided the County with a Promissory Note secured by a First Deed of Trust ("Deed of Trust"), recorded in book 290 at Page 985 in the records of the Eagle County Clerk and Recorder's office, evidencing a first lien on Lots 37 and 38, Mountain Meadow Ranch, Second Filing, according to the recorded final plat thereof; and WHEREAS, by Eagle County Resolution No. 83-54, Subdivider was granted a partial release of the Deed of Trust, (partial release of Deed of Trust is recorded in Book 290 and Page 985 in the records of the Eagle County Clerk and Recorder's Office), due to a resubdivision of Lots 37 and 38 as shown on the Amended Final Plat, recorded in Book 361 and 972 in the records of the Eagle County Clerk and Recorder's office; and WHEREAS, the Original Subdivider never completed the improvements as required under the Previous Agreement, and in order to sell Lots 37 and 38 Subdivider requests the County to release said Deed of Trust; and WHEREAS, as a condition of release of said Deed of Trust by the County, Subdivider desires an Agreement as provided for by C.R.S. 30-28-137, to guarantee to the County the completion of those unfinished public improvements associated with the Previous Agreement; and WHEREAS, pursuant to the same authority, and as a further condition of approval for the release of the Deed of Trust, the Subdivider is obligated to provide security or collateral sufficient in the judgment of the County to make reasonable provisions for completion of those unfinished public improvements required under the Previous Agreement and hereinafter described ("Subdivision Improvements"); and WHEREAS, pursuant to Section 2.15.05 of the Land Use Regulations and C.R.S. 43-2- 147, the Subdivider shall provide access for all lots and parcels it creates to the state highway system in conformance with the State Highway Access Code. NOW, THEREFORE, in consideration of the premises and the covenants and agree- ments herein contained to be kept and performed by the parties hereto, it is hereby understood and agreed as follows: 1. SUBDIVISION IMPROVEMENTS. 1.1 Subdivision Improvements. Subdivision Improvements are deemed to include all public improvements - including roads, utilities and other similar public improvements. 1.2 Scope of Work. The Subdivider hereby agrees, at its sole cost and expense, to furnish all necessary equipment and material, and to complete all Subdivision 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 Subdivider prior to or at final plat 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, either directly or as set forth in Section 4 hereof. 1.3 Duties of Subdivider. For those Subdivision Improvements required herein, including but not limited to the reconstruction and physical improvement of that portion of any road subject to this Agreement, the Subdivider shall retain an 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 Depart- ment of Highways 1990 Field Materials Manual as a guide for frequency of sampling and testing. 1.3.1 Construction Staking. Where applicable and by way of example only, the following is a highlighting of the construction staking that will be required of the Subdivider: E a. Roadway - horizontal and vertical control every 50 feet or every 25 feet in critical areas, specifically including: -slope staking -points of curvature -points of tangency -fillet radius points -culverts -transition points for super -elevation -finished sub -grade -finished gravel b. Utilities - horizontal and vertical control every 100 feet, or every 50 feet in critical areas. 1.3.2 Testing. Where applicable and by way of example only, the following is a highlighting of the acceptance testing that will be required of the Subdivider: a. Utility trench backfill under roadway prisms - one density test per 200 C.Y. of backfill. This will require daily visits to the site by a testing labora- tory when utilities are being backfilled within the roadway prism. This testing shall be accomplished whether the trench is for water, sewer, gas, electric, telephone, or cable T.V. b. Embankments for roadways - one density test per 2,000 C.Y. of any additional embankment(s). c. Finished sub -grade - one density test per 250 lineal feet of roadway. d. Aggregate base course - one in-place density per 250 lineal feet of roadway, a, gradation and Atterberg Limits test per 2000 tons of aggre- gate base course. 1.3.3 Notification/Road Construction. Subdivider or his Engineer shall notify the Eagle County Engineer for the purpose of arranging an on-site inspection no less than forty- eight (48) hours in advance of the following stages of road construction: 1) Finished subgrade 2) Finished Aggregate Base Course The County Engineer shall make an on-site visit within the forty-eight (48) hours notification period for the purpose of observing proof rolls on items 1) and 2) above and for general observation of construction methods being employed at these stages. Said on-site inspection 3 by the Eagle County Engineer shall in no way abrogate the duties of the subdivider outlined elsewhere in this Agreement. The subdivider shall provide the proof rolling by arranging for a loaded single unit truck carrying 18,000 pounds per rear axle. 1.3.4 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 Subdivider or its engineer. 1.4 Compliance with Colorado Department of Highways Access Code. Subdivider shall provide the County with designs in compliance with the Colorado Department of Highways Access Code for all road improvements. The designs shall be provided to the County at the same time as the right-of-way map which shall be provided pursuant to paragraph 4.3. 1.6 Approval and Acceptance of Work. 1.6.1 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 Subdivider's engineer verifying the satisfactory completion of the work performed to date. 1.6.2 Notwithstanding Section 1.3.3 above, promptly after receiving a request for inspection and the required documentation, the County Engineer shall review the informa- tion presented and, if necessary, make an on-site inspection of the work completed. 1.6.3 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. 1.7 Estimated Costs of Subdivision Improvements. The estimated cost of the Subdivi- sion Improvements is the sum of $367,587.00, as summarized in Exhibit "A". To secure and guarantee performance of its obligations as set forth in this Section 1, including the completion of the required Subdivision Improvements, the Subdivider hereby agrees to provide security and collateral in the form and as set forth in Section 2, below. 4 2. SECURITY and COLLATERAL. 2.1 Collateral. The total cost of public improvements associated with this Subdivision is $367,587.00 as summarized in Exhibit "A". Subdivider installed improvements, at his own risk, prior to the execution of this Agreement and therefore security and Collateral as required in Section 1.7 herein, as security for the performance by Subdivider of its obligations under this Agreement, shall be in the total amount of $36,758.70 as summarized on the attached Exhibit "B". Subdivider has obtained collateral in a form acceptable to the County Attorney ("Collat- eral"). 2.2 Partial Release of Collateral. Subdivider may apply to the County for the release of portions of the Collateral based upon work completed in accordance with this Agreement. To make such releases, Subdivider 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 1.6. 2.3 Final Release of Coll ateraIMarranty. Within thirty (30) days after Subdivider 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. Subdivider shall be responsible for the condition of the Subdivision Improvements for a period of two years after completion; this shall be guaranteed either through the retention of Collateral, as set forth above, or Subdivider 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 Subdivider 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 Subdivision 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 Subdivision Improvements as described herein, and collateral shall be submitted by the Subdivider 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: 5 2.6.1 If Subdivider 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 Subdivider, 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 Subdivider has not provided substitute collateral or the bank's written extension to the original collateral (as it may have been previ- ously extended), the County shall draw on the Collateral according to the provisions set forth in this Section 2. It is Subdivide 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. 2.6.3 If the Collateral is substituted, as otherwise provided herein, this Agree- ment 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 Ex enses. Subdivider 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. 3. INSURANCE and INDEMNIFICATION. 3.1 Indemnification. Subdivider shall indemnify and hold the County harmless from any and all claims made against the County by any contractor, subcontractor, materialmen, employee, independent contractor, agent or representative involved in the work necessary to comply with this Agreement, or on account of any other claims against the County because of the activities conducted in furtherance of the terms of this Agreement. This indemnification and hold harmless provision shall include any legal expenses or costs incurred by the County. 3.2 Certificates of Insurance. The Subdivider shall secure from any contractor or subcontractor engaged in the work necessary to comply with this Agreement a Certificate of 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 Subdivider, if it serves as the contractor for the Subdivision 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. 9 3.3 County 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 Subdivision and/or Subdivision Improvements specified in this Agreement prior to the comple- tion 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 Subdivision Improvements, but all of said liabilities shall be and are hereby assumed by the Subdivider. The Subdivider 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 Subdivider hereunder; and the Subdivider 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 Subdivider may have. 4. CONDEMNATION. 4.1 Right -of -Way Acquisition. No off-site improvements are required for this Subdivi- sion, therefore, Subdivider is not required to obtain rights-of-way or easements for the construc- tion of off-site improvements. 4.2 Condemnation. Condemnation proceedings will not be necessary for this Subdivi- sion. 4.3 Right -of -Way Map. A right-of-way map is not necessary for this Subdivision. 5. GENERAL PROVISIONS. The following shall apply to all Subdivision Improvements set forth in this Agreement: 5.1 Compliance with Land Use Regulations. The Subdivider 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 Subdivision Improvements referred to herein. 5.2 Subdivision 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. 7 5.3 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 Subdivision Improvements during which time the Subdivider shall promptly correct or remove and replace, in accordance with the County's written instructions, defective work or materials and conse- quences 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 Subdivider, no less than sixty (60) days prior to expira- tion of the one-year additional correction period, and any deficiencies shall be noted to the Subdivider. 5.3.1 Commencement of Warranty Period. Subdivider completed all the improvements required under this Agreement, prior to the execution of this Agreement. The work has been inspected and approved by the Eagle County Engineering Department; see Exhibit "B". Therefore, the warranty period on this subdivision shall be commenced with an expiration date of June 16, 1999. 5.4 Amendment and Modification. The parties hereto mutually agree that this Agree- ment may be amended or modified from time to time, provided that such amendment or modification be in writing and signed by all parties hereto. 5.5 Assignability. This Agreement shall be enforceable against the Subdivider, provided, however, that in the event the Subdivider sells, transfers or assigns all or part of the subject Subdivision, the obligations of the Subdivider under this Agreement as to that portion of the subject Subdivision may be assumed in writing by the purchaser of the parcel, and the Subdivider shall have no further obligations hereunder. It is agreed, however, that no such assumption of these obligations shall be effective unless the County gives itsor written approval to such assumption following an investigation of the financial condition of the pur- chaser. The Subdivider 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. 5.6 Binding upon Successors. This Agreement shall inure to the benefit of and be binding upon the parties hereto, their respective successors, and assigns. 5.7 Sole Responsibility of Subdivider Prior to County Acceptance. It is further agreed and understood that at all times prior to the completion and acceptance of the Subdivision 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 Subdivider. When it is necessary to allow the general public to utilize the roadways under construction by the Subdivider, traffic control and warning devices shall be placed upon such roadways by the Subdivider 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 Administr- ation. 0 5.8 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. 5.9 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. IN WITNESS WHEREOF, the parties hereto have executed this Agreement this 1U1 day of June, 1997. SAGLF „° COUNTY OF EAGLE, STATE OF COLORADO, q �1 By and Through Its ATTEST: * * BOARD OF COUNTY COMMISSIONERS COCOitA° By: Al Clerk to the Bcffird of Johnnette Phillips, airman County Commissioners Address for giving notice: P.O. Box 850 Eagle, CO 81631 (303) 328-8685 SUBDIVIDER: MOUNTAIN MEADOWS RANCH a Colorado limited partnership By: L:�� a- 4-a"L"'& -'-f cam P.O- Ruth A. Fender-Scarrow General Partner Address for giving notice: P.O. Box 28950 EI Jebel, CO 81628 Phone: 977 - 9G A STATE OF COLORADO ) ) ss. County of ) The foregoing was acknowledged before me this �� day of, 1997, by Ruth A. Fender-Scarrow as General Partner of Mountain Meadows Ra h, a Colorado limited partnerhsip. WITNESS my hand and official seal. My commission expir 9 Notary P blic File 82-251 10 Mountain Meadows Ranch, Filing 2 Cost Estimate ROAD WORK - VTSZ& HI, D_R_T_yE Mobilization $ 3,000.00 Grubbing $ 25,800.00 Road Construction $ 65,000.00 Electric Excavation & Installation $ 85,525.00 Install Culverts $ 13,400.00 Road Gravel Work $119,520.00 Final Grade & Cleanup S 11.800.00 TOTAL ROAD WORK $324,045.00 TOTAL COST ESTIMATE, MOUNTAIN MEADOWS RANCH, F2 $324,045.00 $ 4,502.00 $ 4,040.00 $367,587.00 MEMORANDUM EAGLE COUNTY ENGINEERING TO: Maureen Amundson / Attorney's Office FROM: Mike Gruber / Engineering o'" DATE: June 3, 1997 RE: Completion of Work Under Subdivision Improvements Agreement; Mountain Meadows Ranch, Filing 2 Items have been constructed or installed for completion of the proposed work identified as "Exhibit All in the SIA. Inspection was performed by me on June 2, 1997 to verify that the conditions and terms of the SIA have been completed to the satisfaction of this office. Reduction of collateral representing 10% retainage and start of a two year warranty period is recommended. The road is private. No maintenance is required of or will be provided by the County. CC: George Roussos, County Engineer Chrono/File EXHIBIT SIA: COLLATERAL RELEASE SUMMARY Mountain Meadows Ranch, Filing 2 First Partial Release DATE: June, 1997 ROAD WORK Mobilization Grubbing Road Construction Electric Excavation & Installation Install Culverts Road Gravel Work Final Grade & Cleanup TOTAL ROAD WORK TELEPHONE DISTRIBUTION FACILITIES ENGINEERING ELECTRIC SERVICE FACILITIES TOTAL MOUNTAIN MEADOWS RANCH, F2 IMPROVEMENTS COMPLETED: 100-. RETAINAGE FIRST RELEASE ORIGINAL SIA: FIRST RELEASE: REVISED COLLATERAL: ORIGINAL AMOUNT COLLATERALIZED ZED $ 3,000.00 $ 25,800.00 $ 65,000.00 $ 85,525.00 $ 13,400.00 $119,520.00 $324,045.00 $ 4,502.00 $ 4,040.00 $367,587.00 8 36.758.70 $330,828.30 $367,587.00 8330.828.30 $ 36,758.70 AMOUNT OF IMPROVEMENTS COMPLETED — $ 3,000.00 $ 25,800.00 $ 65,000.00 $ 85,525.00 $ 13,400.00 $119,520.00 $324,045.00 $ 4,502.00 $ 4,040.00 S 35,000.00 $367,587.00