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HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 11/19/2019 - SECOND READING OF ORDINANCE NO. 137, 2019, AUTHORIAgenda Item 3 Item # 3 Page 1 AGENDA ITEM SUMMARY November 19, 2019 City Council STAFF Ken Mannon, Operations Services Director Bob Adams, Recreation Director John Duval, Legal SUBJECT Second Reading of Ordinance No. 137, 2019, Authorizing the City's Conveyance of Land to Facilitate the Replatting of the Lot on which the City's Foothills Activity Center is Located. EXECUTIVE SUMMARY This Ordinance, unanimously adopted on First Reading on November 5, 2019, approves the exchange of deeds between the City, the developer of the Foothills Mall and the owner of the Macy’s store in the Mall. This exchange of deeds is needed to replat the lot on which the City’s Foothills Activity Center (FAC) is now located to eliminate small encroachments that currently exist between the City’s FAC lot and adjacent properties owned by the Mall developer and Macy’s. This replatting will remove these encroachments and ensure that the FAC, as built, is located entirely and correctly within the City’s replatted lot. STAFF RECOMMENDATION Staff recommends adoption of the Ordinance on Second Reading. ATTACHMENTS 1. First Reading Agenda Item Summary, November 5, 2019 (w/o attachments) (PDF) 2. Ordinance No. 137, 2019 (PDF) Agenda Item 10 Item # 10 Page 1 AGENDA ITEM SUMMARY November 5, 2019 City Council STAFF Ken Mannon, Operations Services Director Bob Adams, Recreation Director John Duval, Legal SUBJECT First Reading of Ordinance No. 137, 2019, Authorizing the City's Conveyance of Land to Facilitate the Replatting of the Lot on which the City's Foothills Activity Center is Located. EXECUTIVE SUMMARY This item approves the exchange of deeds between the City, the developer of the Foothills Mall (the “Mall”) and the owner of the Macy’s store in the Mall. This exchange of deeds is needed to replat the lot on which the City’s Foothills Activity Center (the “FAC”) is now located to eliminate small encroachments that currently exist between the City’s FAC lot and adjacent properties owned by the Mall developer and Macy’s. This replatting will remove these encroachments and ensure that the FAC, as built, is located entirely and correctly within the City’s replatted lot. STAFF RECOMMENDATION Staff recommends adoption of the Ordinance on First Reading. BACKGROUND / DISCUSSION As part of the redevelopment of the Mall by its owner Walton Foothills Holdings VI, L.L.C. (“Walton”), Walton and the City agreed that Walton would construct and then convey the FAC to the City. It was agreed that the FAC would be built on Lot 20 (“Original Lot 20”) as shown on the existing plat of the Foothills Mall Redevelopment Subdivision (“Mall Subdivision”). As the FAC was being constructed, it was discovered that a small portion of the building owned by Macy’s West Stores, Inc. (“Macy’s”), now existing on Lot 2 of the Mall Subdivision (“Original Lot 2”), encroaches upon Original Lot 20, so the FAC had to be built to accommodate this encroachment. After the FAC was constructed, it was discovered that small portions of the FAC, as built, encroach onto Macy’s Original Lot 2 and onto Tract J of the Mall Subdivision (“Original Tract J”), which is owned by Walton. It was also discovered that portions or the FAC’s roof overhang over Lot 8 of the Mall Subdivision (“Original Lot 8”), over Lot 1 of the Mall Subdivision (“Original Lot 1”) and over Original Tract J. Walton also owns Original Lot 1 and Original Lot 8. A map generally depicting all these encroachments is attached as Exhibit “A” to the Ordinance (collectively, the “Encroachments”). When Walton conveyed the FAC to the City in March of 2016, the City and Walton agreed that Walton would prepare and present for approval through the City’s land-use process a replat of Original Lots 1, 2, 8 and 20 and a replat of Original Tract J to correct all the Encroachments and ensure that the FAC, as built, is located entirely and correctly on a replatted Original Lot 20 (“Replatted Lot 20”). Walton is now going through this replatting process. ATTACHMENT 1 Agenda Item 10 Item # 10 Page 2 This Ordinance, if adopted, will facilitate this replatting through the approval of two bargain and sale deeds from the City. The first is the Bargain and Sale Deed attached as Exhibit “B” to the Ordinance by which the City will convey to Macy’s an approximately 80-square-foot portion of Original Lot 20 to account for Macy’s building’s existing encroachment on Original Lot 20 (“City to Macy’s Deed”). The second is the Bargain and Sale Deed attached as Exhibit “C” to the Ordinance by which the City will convey to Walton an approximately 24-square- foot portion of Original Lot 20 to account for improvements on Original Tract J that now encroach on Original Lot 20 (“City to Walton Deed”). To further facilitate these replattings, Macy’s will be delivering to the City the Bargain and Sale Deed attached as Exhibit “D” to the Ordinance by which Macy’s will convey to the City an approximately 18-square-foot portion of Original Lot 2 to account for a portion of the FAC having been built on Original Lot 2 (“Macy’s to City Deed”). Walton will also deliver to the City the Bargain and Sale Deed attached as Exhibit “E” to the Ordinance by which Walton will convey to the City portions of the airspace above Original Lot 1, Original Lot 8 and Original Tract J to account for the overhangs of the FAC’s roof above these lots and tract (“Walton to City Deed”). These overhangs are above approximately 469 total square feet of portions of Original Lot 1, Original Lot 8 and Original Tract J. Given the insignificant value of the very small slivers of land and airspace being exchanged that are comparable in fair market value and considering that these exchanges are needed to account for the location of the FAC as built on a Replatted Lot 20, there will be no exchange of money between the parties for these conveyances. City Code Section 23-111(a) provides that the City Council is authorized to sell, convey, exchange or otherwise dispose of real property owned by the City, provided the City Council finds by ordinance that such sale or disposition is in the best interests of the City. This Ordinance, if adopted, also authorizes the City Manager to sign on the City’s behalf, as the owner of Replatted Lot 20, the new plat of the Mall Subdivision that creates Replatted Lot 20. CITY FINANCIAL IMPACTS This has no financial impacts for the City. ATTACHMENT 1 -1- ORDINANCE NO. 137, 2019 OF THE COUNCIL OF THE CITY OF FORT COLLINS AUTHORIZING THE CITY’S CONVEYANCE OF LAND TO FACILITATE THE REPLATTING OF THE LOT ON WHICH THE CITY’S FOOTHILLS ACTIVITY CENTER IS LOCATED WHEREAS, as part of the redevelopment of the Foothills Mall (the “Mall”) by its owner Walton Foothills Holdings VI, L.L.C. (“Walton”), Walton and the City agreed that Walton would construct and then convey to the City the Foothills Activity Center (the “FAC”); and WHEREAS, it was agreed that the FAC would be built on Lot 20 (“Original Lot 20”) as currently shown on the existing plat of the Foothills Mall Redevelopment Subdivision (“Mall Subdivision”); and WHEREAS, as the new FAC was being constructed, it was discovered that a small portion of the building owned by Macy’s West Stores, Inc. (“Macy’s”), now existing on Lot 2 of the Mall Subdivision (“Original Lot 2”), encroaches upon Original Lot 20, so the FAC had to be built to accommodate this encroachment; and WHEREAS, after the FAC was constructed, it was discovered that small portions of the FAC (as built) encroach onto Original Lot 2 and onto Tract J of the Mall Subdivision (“Original Tract J”); WHEREAS, it was also discovered that parts of the FAC’s roof overhang portions of Lot 8 of the Mall Subdivision (“Original Lot 8”), Lot 1 of the Mall Subdivision (“Original Lot 1”) and Original Tract J; and WHEREAS, Walton owns Original Lot 1, Original Lot 8 and Original Tract J; and WHEREAS, a map generally depicting all these encroachments is attached as Exhibit “A” and incorporated herein by reference (collectively, the “Encroachments”); and WHEREAS, when Walton conveyed the FAC to the City in March of 2016, the City and Walton agreed that Walton would prepare and present for approval through the City’s land-use process a replat of Original Lots 1, 2, 8 and 20 and a replat of Original Tract J to correct all the Encroachments and ensure that the FAC, as built, is located entirely and correctly on a replatted Original Lot 20 (“Replatted Lot 20”); and WHEREAS, Walton is now going through this replatting process; and WHEREAS, to facilitate this replatting, this Ordinance approves two bargain and sale deeds from the City; and WHEREAS, the first is the Bargain and Sale Deed attached as Exhibit “B” and incorporated herein by reference with which the City will convey to Macy’s an approximately 80- -2- square-foot portion of Original Lot 20 to account for Macy’s building’s existing encroachment on Original Lot 20 (“City to Macy’s Deed”); and WHEREAS, the second is the Bargain and Sale Deed attached as Exhibit “C” and incorporated herein by reference with which the City will convey to Walton an approximately 24- square-foot portion of Original Lot 20 to account for improvements on Original Tract J encroaching on Original Lot 20 (“City to Walton Deed”); and WHEREAS, to further facilitate these replattings, Macy’s will be delivering to the City the Bargain and Sale Deed attached as Exhibit “D” and incorporated herein by reference with which Macy’s will convey to the City an approximately 18-square-foot portion of Original Lot 2 to account for a portion of the FAC having been built on Original Lot 2 (“Macy’s to City Deed”); and WHEREAS, Walton will also be delivering to the City the Bargain and Sale Deed attached as Exhibit “E” and incorporated herein by reference with which Walton will convey to the City airspace above approximately 320 square feet of Original Lot 1, 115 square feet of Original Lot 8 and 34 square feet of Original Tract J to account for the overhangs of the FAC’s roof above these lots and tract (“Walton to City Deed”); and WHEREAS, City staff is recommending that the City exchange these properties with Macy’s and Walton with no payment of money between the parties considering the insignificant value of the very small slivers of land and airspace being exchanged that are comparable in fair market value and considering that these exchanges are needed to ensure that the FAC, as built, is located entirely on one platted lot; and WHEREAS, Section 23-111(a) of the City Code provides that the City Council is authorized to sell, convey, exchange or otherwise dispose of real property owned by the City, provided the City Council finds by ordinance that such sale or disposition is in the best interests of the City; and WHEREAS, the City hereby finds that the execution and delivery of the City to Macy’s Deed and the City to Walton Deed are in the City’s best interests; and WHEREAS, the City Council also wishes to authorize the City Manager to execute on the City’s behalf, as the owner of Replatted Lot 20, the new plat approved by the City for the Mall Subdivision to create Replatted Lot 20. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. That the City Council hereby makes and adopts the determinations and findings contained in the recitals set forth above. Section 2. That City Council hereby approves the City to Macy’s Deed and the City to Walton Deed and the Mayor is authorized to execute both of them on the City’s behalf; provided, -3- however, that these two Deeds are only to be delivered to Macy’s and Walton, respectively, if the Macy’s to City Deed and the Walton to City Deed are delivered first or contemporaneously to the City. In addition, the Mayor is authorized, in consultation with the City Manager and the City Attorney, to agree to revisions to any of these four deeds as he deems necessary and appropriate to protect the City’s interests or to effectuate the purposes of this Ordinance. Section 3. That the City Manager is hereby authorized to sign on the City’s behalf, as the owner of Replatted Lot 20, the new plat approved by the City for the Mall Subdivision to create Replatted Lot 20. Introduced, considered favorably on first reading, and ordered published this 5th day of November, A.D. 2019, and to be presented for final passage on the 19th day of November, A.D. 2019. __________________________________ Mayor ATTEST: _______________________________ City Clerk Passed and adopted on final reading on the 19th day of November, A.D. 2019. __________________________________ Mayor ATTEST: _______________________________ City Clerk Lot 20 Lot 2 Lot 1 Lot 20 Air Space Lot 8 Tract J Tract J Part of Lot 2 Macy's West Stores, Inc. to the City of Fort Collins Part of Lot 20 the City of Fort Collins to Walton Foothills Holdings VI, L.L.C. Part of Lot 20 the City of Fort Collins to Macy's West Stores, Inc. Part of Lot 1, below elevation 5043.3' Walton Foothills Holdings VI, L.L.C. to the City of Fort Collins Part of Tract J, above elevation 5037.9' Walton Foothills Holdings VI, L.L.C. to the City of Fort Collins Part of Tract J Walton Foothills Holdings VI, L.L.C. to the City of Fort Collins Part of Lot 8, above elevation 5037.9' Walton Foothills Holdings VI, L.L.C. to the City of Fort Collins FOOTHILLS MALL REDEVELOPMENT SUBDIVISION Project No: Reviewed: Drawn by: Field Book: Date: Walton Foothills Holdings VI, LLC 5750 DTC Parkway, Greenwood Village, CO Quit Claim Parcel Exhibit Foothills Mall Redevelopment Subdivision (970) 484-7477 / info@f-w.com Fort Collins, CO 1 of 1 FORT COLLINS, COLORADO 80525 GROUP 1612 SPECHT POINT ROAD, SUITE 105 0 U.S. SURVEY FEET SCALE: 1"=30' 15 30 60 Quit Claim Parcel Exhibit General Note: This exhibit is for informational purposes only. Refer to quit claim exhibits and descriptions for additional information. EXHIBIT PARCELS ARE NOT SHOWN TO SCALE EXHIBIT A 15969156 RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: Brownstein Hyatt Farber Schreck, LLP 410 17th Street, Suite 2200 Denver, CO 80202 Attention: Kathy Golden SPACE ABOVE THIS LINE FOR RECORDER’S USE BARGAIN AND SALE DEED [Statutory Form - C.R.S. § 38-30-115] [CONVENIENCE DEED – NO DOCUMENTARY FEE REQUIRED] CITY OF FORT COLLINS, COLORADO, a municipal corporation of the State of Colorado (“Grantor”) with a legal address of ___________________________, for the consideration of Ten Dollars ($10.00) and other good and valuable consideration, in hand paid, hereby sells and conveys to MACY’S WEST STORES, INC., an Ohio corporation (“Grantee”), which has an office at _____________________, all of Grantors’ right, title and interest in and to the following real property, with all its appurtenances, located in the County of Larimer, State of Colorado, more particularly described on Exhibit A, attached hereto and incorporated herein by this reference. Dated this _____ day of ____________, 2019. [Signature Page Follows] EXHIBIT B [Signature Page to Bargain and Sale Deed – City of Fort Collins] 15969156 IN WITNESS WHEREOF, Grantor has executed this Bargain and Sale Deed on the date set forth above. GRANTOR: CITY OF FORT COLLINS, COLORADO a municipal corporation of the State of Colorado By: Name: Darin A. Atteberry Title: City Manager STATE OF COLORADO ) ) ss. COUNTY OF ___________ ) The foregoing instrument Deed was acknowledged before me this ____ day of ________, 2019, by Darin A. Atteberry, the City Manager of the City of Fort Collins, Colorado, a municipal corporation of the State of Colorado. Witness my hand and official seal. My commission expires: Notary EXHIBIT B Exhibit A 15969156 EXHIBIT A Legal Description That part of Lot 20, Foothills Mall Redevelopment Subdivision, recorded at the Larimer County, Colorado Clerk and Recorder's Office on June 4, 2014 at Reception Number 20140028776 and located in the Southwest Quarter of Section 25, Township 7 North, Range 69 West of the 6th Principal Meridian, City of Fort Collins, Larimer County, Colorado, described as follows: Beginning at the Northerly corner of said Lot 20, witnessed by a mag nail & 1-1/2" aluminum washer stamped PLS 38199 WC 82; Thence South 45°09'24" East for 48.01 feet on the Northeasterly line of said Lot 20; Thence South 44°51'09" West for 1.68 feet; Thence North 45°08'52" West for 48.01 feet to the Northwesterly line of said Lot 20; Thence North 44°51'07" East for 1.67 feet on said Northwesterly line to the Point of Beginning. Contains 80 square feet, (0.00184 acres) more or less. Basis of Bearing: The Northwesterly line of Lot 20, Foothills Mall Redevelopment Subdivision, recorded at the Larimer County, Colorado Clerk and Recorder's Office on June 4, 2014 at Reception Number 20140028776, bears South 44°51'07" West, as witnessed on each end by a mag nail & 1-1/2" aluminum washer stamped PLS 38199 WC 82, with all bearings herein relative thereto. I hereby state that the attached description was prepared by me or under my responsible charge using applicable standards of practice and is accurate to the best of my knowledge, information and belief. This is not intended to represent a Land Survey Plat, Improvement Survey Plat or Improvement Location Certificate and is not a guarantee or warranty, either expressed or implied. It is intended to describe the area illustrated on the accompanying exhibit. October 17, 2017 Revised January 24, 2018 David J. Berglund, Colorado PLS 38199 For and on behalf of Farnsworth Group, Inc. 1612 Specht Point Road, Suite 105 Fort Collins, CO 80525 Phone: (970) 484-7477 EXHIBIT B Exhibit A 15969156 EXHIBIT A (CONT.) EXHIBIT B 15969147 RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: Brownstein Hyatt Farber Schreck, LLP 410 17th Street, Suite 2200 Denver, CO 80202 Attention: Kathy Golden SPACE ABOVE THIS LINE FOR RECORDER’S USE BARGAIN AND SALE DEED [Statutory Form - C.R.S. § 38-30-115] [CONVENIENCE DEED – NO DOCUMENTARY FEE REQUIRED] CITY OF FORT COLLINS, COLORADO, a municipal corporation of the State of Colorado (“Grantor”) with a legal address of ___________________________, for the consideration of Ten Dollars ($10.00) and other good and valuable consideration, in hand paid, hereby sells and conveys to WALTON FOOTHILLS HOLDINGS VI, L.L.C., a Delaware limited liability company (“Grantee”), which has an office at _____________________, all of Grantors’ right, title and interest in and to the following real property, with all its appurtenances, located in the County of Larimer, State of Colorado, more particularly described on Exhibit A, attached hereto and incorporated herein by this reference. Dated this _____ day of ____________, 2019. [Signature Page Follows] EXHIBIT C [Signature Page to Bargain and Sale Deed – City of Fort Collins] 15969147 IN WITNESS WHEREOF, Grantor has executed this Bargain and Sale Deed on the date set forth above. GRANTOR: CITY OF FORT COLLINS, COLORADO a municipal corporation of the State of Colorado By: Name: Darin A. Atteberry Title: City Manager STATE OF COLORADO ) ) ss. COUNTY OF ___________ ) The foregoing instrument was acknowledged before me this ____ day of ________, 2019, by Darin A. Atteberry, the City Manager of the City of Fort Collins, Colorado, a municipal corporation of the State of Colorado. Witness my hand and official seal. My commission expires: Notary EXHIBIT C Exhibit A 15969147 EXHIBIT A Legal Description That part of Lot 20, Foothills Mall Redevelopment Subdivision, recorded at the Larimer County, Colorado Clerk and Recorder's Office on June 4, 2014 at Reception Number 20140028776 and located in the Southwest Quarter of Section 25, Township 7 North, Range 69 West of the 6th Principal Meridian, City of Fort Collins, Larimer County, Colorado, described as follows: Commencing at the Northerly corner of Lot 20, said Foothills Mall Redevelopment Subdivision, witnessed by a mag nail & 1-1/2" aluminum washer stamped PLS 38199 WC 82; Thence South 45°09'24” East for 48.01 feet on the Northeasterly line of said Lot 20 to the Point of Beginning; Thence continuing South 45°09'24” East for 14.05 feet on said Northeasterly line; Thence South 44°51'08" West for 1.68 feet; Thence North 45°08’52” West for 14.05 feet; Thence North 44°51'09" East for 1.68 feet to the Point of Beginning. Contains 24 square feet, (0.00054 acres) more or less. Basis of Bearing: The Northwesterly line of Lot 20, Foothills Mall Redevelopment Subdivision, recorded at the Larimer County, Colorado Clerk and Recorder's Office on June 4, 2014 at Reception Number 20140028776, bears South 44°51'07" West, as witnessed on each end by a mag nail & 1-1/2" aluminum washer stamped PLS 38199 WC 82, with all bearings herein relative thereto. I hereby state that the attached description was prepared by me or under my responsible charge using applicable standards of practice and is accurate to the best of my knowledge, information and belief. This is not intended to represent a Land Survey Plat, Improvement Survey Plat or Improvement Location Certificate and is not a guarantee or warranty, either expressed or implied. It is intended to describe the area illustrated on the accompanying exhibit. October 17, 2017 Revised January 24, 2018 David J. Berglund, Colorado PLS 38199 For and on behalf of Farnsworth Group, Inc. 1612 Specht Point Road, Suite 105 Fort Collins, CO 80525 Phone: (970) 484-7477 EXHIBIT C Exhibit A 15969147 EXHIBIT A (CONT.) EXHIBIT C 15969240 RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: Brownstein Hyatt Farber Schreck, LLP 410 17th Street, Suite 2200 Denver, CO 80202 Attention: Kathy Golden SPACE ABOVE THIS LINE FOR RECORDER’S USE BARGAIN AND SALE DEED [Statutory Form - C.R.S. § 38-30-115] [CONVENIENCE DEED – NO DOCUMENTARY FEE REQUIRED] MACY’S WEST STORES, INC., an Ohio corporation (“Grantor”) with a legal address of ___________________________, for the consideration of Ten Dollars ($10.00) and other good and valuable consideration, in hand paid, hereby sells and conveys to the CITY OF FORT COLLINS, COLORADO, a municipal corporation of the State of Colorado (“Grantee”), which has an office at _____________________, all of Grantors’ right, title and interest in and to the following real property, with all its appurtenances, located in the County of Larimer, State of Colorado, more particularly described on Exhibit A, attached hereto and incorporated herein by this reference. Dated this _____ day of ____________, 2019. [Signature Page Follows] EXHIBIT D [Signature Page to Bargain and Sale Deed – Macy’s West Stores, Inc.] 15969240 IN WITNESS WHEREOF, Grantor has executed this Bargain and Sale Deed on the date set forth above. GRANTOR: MACY’S WEST STORES, INC., an Ohio corporation By: Name: Carl L. Goertemoeller Its: Senior Vice President STATE OF __________________ ) ) ss. COUNTY OF ________________ ) The foregoing instrument was acknowledged before me this ____ day of ________, 2019, by Carl L. Goertemoeller, as Senior Vice President of Macy’s West Stores, Inc., an Ohio corporation. Witness my hand and official seal. My commission expires: Notary EXHIBIT D Exhibit A 15969240 EXHIBIT A Legal Description That part of Lot 2, Foothills Mall Redevelopment Subdivision, recorded at the Larimer County, Colorado Clerk and Recorder's Office on June 4, 2014 at Reception Number 20140028776 and located in the Southwest Quarter of Section 25, Township 7 North, Range 69 West of the 6th Principal Meridian, City of Fort Collins, Larimer County, Colorado, described as follows: Beginning at the Westerly corner of Lot 20, said Foothills Mall Redevelopment Subdivision, witnessed by a mag nail & 1-1/2" aluminum washer stamped PLS 38199 WC 23; Thence North 44°08'54" West for 0.28 feet; Thence North 44°56'52" East for 91.86 feet; Thence South 45°08'52" East for 0.12 feet to a line common to the Northwesterly line of said Lot 20; Thence South 44°51'07" West for 91.86 feet to the Point of Beginning. Contains 18 square feet, (0.00042 acres) more or less. Basis of Bearing: The Northwesterly line of Lot 20, Foothills Mall Redevelopment Subdivision, recorded at the Larimer County, Colorado Clerk and Recorder's Office on June 4, 2014 at Reception Number 20140028776, bears South 44°51'07" West, as witnessed on each end by a mag nail & 1-1/2" aluminum washer stamped PLS 38199 WC 82, with all bearings herein relative thereto. I hereby state that the attached description was prepared by me or under my responsible charge using applicable standards of practice and is accurate to the best of my knowledge, information and belief. This is not intended to represent a Land Survey Plat, Improvement Survey Plat or Improvement Location Certificate and is not a guarantee or warranty, either expressed or implied. It is intended to describe the area illustrated on the accompanying exhibit. October 17, 2017 Revised January 24, 2018 David J. Berglund, Colorado PLS 38199 For and on behalf of Farnsworth Group, Inc. 1612 Specht Point Road, Suite 105 Fort Collins, CO 80525 Phone: (970) 484-7477 EXHIBIT D Exhibit A 15969240 EXHIBIT A (CONT.) EXHIBIT D 15969135 RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: Brownstein Hyatt Farber Schreck, LLP 410 17th Street, Suite 2200 Denver, CO 80202 Attention: Kathy Golden SPACE ABOVE THIS LINE FOR RECORDER’S USE BARGAIN AND SALE DEED [Statutory Form - C.R.S. § 38-30-115] [CONVENIENCE DEED – NO DOCUMENTARY FEE REQUIRED] WALTON FOOTHILLS HOLDINGS VI, L.L.C., a Delaware limited liability company (“Grantor”) with a legal address of ___________________________, for the consideration of Ten Dollars ($10.00) and other good and valuable consideration, in hand paid, hereby sells and conveys to the CITY OF FORT COLLINS, COLORADO, a municipal corporation of the State of Colorado (“Grantee”), which has an office at _____________________, all of Grantors’ right, title and interest in and to the real property, with all its appurtenances, located in the County of Larimer, State of Colorado, more particularly described on Exhibit A, attached hereto and incorporated herein by this reference. Dated this _____ day of ____________, 2019. [Signature Page Follows] EXHIBIT E [Signature Page to Bargain and Sale Deed – Walton Foothills Holdings VI, L.L.C.] 15969135 IN WITNESS WHEREOF, Grantor has executed this Bargain and Sale Deed on the date set forth above. GRANTOR: WALTON FOOTHILLS HOLDINGS VI, L.L.C., a Delaware limited liability company By: W Foothills JV VI, L.L.C., a Delaware limited liability company, its Sole Member By: Foothills Alberta Member, LLC, a Colorado limited liability company, its Administrative Member By: Name: Donald G. Provost Its: Manager STATE OF COLORADO ) ) ss. COUNTY OF ARAPAHOE ) The foregoing instrument was acknowledged before me this ____ day of ________, 2019, by Donald G. Provost, as Manager of Foothills Alberta Member, LLC, a Colorado limited liability company, as Administrative Member of W Foothills JV VI, L.L.C., a Delaware limited liability company, as the Sole Member of Walton Foothills Holdings VI, L.L.C., a Delaware limited liability company. Witness my hand and official seal. My commission expires: Notary EXHIBIT E Exhibit A 15969135 EXHIBIT A Legal Description EXHIBIT E Exhibit A 15969135 EXHIBIT A (CONT.) EXHIBIT E Exhibit A 15969135 EXHIBIT A (CONT.) EXHIBIT E Exhibit A 15969135 EXHIBIT A (CONT.) EXHIBIT E Exhibit A 15969135 EXHIBIT A (CONT.) EXHIBIT E Exhibit A 15969135 EXHIBIT A (CONT.) EXHIBIT E Exhibit A 15969135 EXHIBIT A (CONT.) EXHIBIT E Exhibit A 15969135 EXHIBIT A (CONT.) EXHIBIT E