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HomeMy WebLinkAboutC19-381 Consent to assignment of Tree Farm PUDDocuSignEnvelopeID:818A4223-2A064E8D-A4A6-A9AFDC685DF4CONSENTTOASSIGNMENTANDASSUMPTIONOFPLANNEDUNITDEVELOPMENTAGREEMENTFORTHETREEFARMPLANNEDUNITDEVELOPMENTWHEREAS,theCountyofEagle,StateofColorado(the“County”)andWoodyVentures,LLC(“Applicant”)enteredintoaPlannedUnitDevelopmentAgreement(the“PUDAgreement”)fortheTreeFarmPUD(the“PUD”)whichwasapprovedasExhibitEtotheBoardofCountyCommissionerResolutionofApproval(2017-064),approvingthePUDPreliminaryPlanfortheTreeFarmPUD,recordedonSeptember21,2017atReceptionNo.201718206,intherecordsoftheEagleCountyClerkandRecorder;andWHEREAS,Section6.5ofthePUDAgreementprovidesthatintheeventtheApplicantsells,transfersorassignsallorpartofthePUD,theobligationsoftheApplicantunderthePUDastothatportionofthePUDmaybeassumedinwritingbythepurchaseroftheparcel.Section6.5ofthePUDAgreementfurtherprovidesthatnosuchassumptionoftheApplicant’sobligationsshallbeeffectiveunlesstheCountygivesitspriorwrittenapprovaltosuchassumption;andWHEREAS,onoraboutNovember13,2019,orassuchdatemayberevisedbytheparties,ApplicantintendstoconveythePUDpropertytoTreeFarmRFV,LLC,aColoradolimitedliabilitycompany,suchpropertybeingmorespecificallydescribedontheFinalPlatrecordedJune25,2019,atReceptionNo.201909565;andWHEREAS,theCountydesirestodocumentitsconsenttotheassignmentofthePUDAgreementfromApplicanttoTreefarmRFV,LLCassetforthherein.CONSENTPursuanttoSection6.5ofthePUDAgreement,theCountyherebyconsentstotheassignmentbyApplicantofallofitsright,titleandinterestasApplicantasdefinedinthePUDAgreementandtheassumptionthereof,includingallobligationsofApplicantunderthePUDAgreement,byTreeFarmRFV,LLCassetforthintheAssignmentofPUDAgreementbetweenApplicantandTreeFarmRFV,LLCdatedonoraboutNovember13,2019,orassuchdatemayberevisedbytheparties.Date:COUNTYOFEAGLE,STATEOFCOLORADOByandThroughitsBOARDOFCOUNTY11/13/2019COMMISSIONERSç—DocuSignedby:By:titAI..(AL€LAWALL1JehMQ&eiey,ChairATTEST:DocuSignedby:UA2tVlUAClerktothea23fI1ntyCommissionersEagleCounty,CO201919290ReginaOBrien11/13/2019so.ooll:16:57AMDOC:$0.00