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HomeMy WebLinkAboutFAIRBROOKE HEIGHTS PUD - Filed OA-OTHER AGREEMENTS - 2003-10-22FAIRBROOKE HEIGHTS P.U.D. AMENDMENT AGREEMENT NO. 2 f HIS AMENDMENT AGREEMENT NO. 2, made and entered into this �day of October, 1998. by and between the CITY OF FORT COLLINS, COLORADO, a municipal corporation ("City"), and ERIC BOOTON, an individual (`Developer"), is an amendment to that certain Development Agreement dated June 25, 1996 by and between the City and the Developer, hereinafter referred to as the "Development Agreement". FACTUAL RECITALS The City and the Developer have executed the Development Agreement and an Amendment Agreement No. I to the Development Agreement dated September 30, 1997 in connection with Fairbrooke Heights 11.U.D., Phase 2 ("Fairbrooke"). The Developer had installed amajority of the required storm drainage improvements for Fairbrooke prior to a major storm event which occurred Oil July 28, 1997. As a result of such storm event, certain repair work needed to be done to the installed improvements. There was also some corrective work required of the Developer for improvements which were not damaged by the July 28`h storm event. Further, the City determined that it would be of public benefit to construct additional storm drainage improvements which go beyond those required of the Developer. The implementation of such City improvements required the purchase of certain lots in Fairbrooke, which is the subject of a separate agreement between the parties. The Developer and the City now desire to modify the Development Agreement to specify the rights and obligations of the parties in connection with the above -referenced storm drainage improvements. NOW, THEREFORE, in consideration of the promises of the parties hereto and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties agree as follows: Storm Drainage Improvements. 1.1. Description. Exhibit "A", attached hereto and incorporated herein by reference, sets forth the storm drainage improvements which have been completed in connection with Fairbrooke and the costs of such improvements. The improvements are separated into three categories: those improvements which are solely the obligation of the Developer to meet City requirements for Fairbrooke ("Developer hnprovements"); those improvements for which the City is solely responsible because they exceed development requirements ("City Improvements"); and those improvements for which the Developer and the City share responsibility ("Shared Improvements"), the storm drainage improvements collectively being referred to herein as the "Storm Drainage Improvements". 1.2. Construction. The City has completed all of the remaining Storm Drainage Improvements. The Developer shall be required to provide applicable City construction guarantees or warranties only for improvements he has actually constructed or installed and which have not been modified by the City. 3. All work that would otherwise disturb or restrict the flow of water in the existing or relocated ditch shall be performed during the time from October 1 until the following April 15 of any year and, in any event, not at a time when the Company is running water. All work will be done only after prior notice to the superintendent of the Company, and performance of the work shall be under the supervision of such superintendent. The cost of such supervision, which shall be paid by Booton, will be billed by the Company at Twenty Dollars ($20.00) per hour, up to a maximum total billing for such supervision of One Thousand Dollars ($1,000.00). Times for the performance of all work will be coordinated with the Company's superintendent. Unless otherwise agreed to by the Company, all work shall be completed simultaneously with the completion of the infrastructure improvements for Phase 2 of Fairbrooke Heights P.U.D., estimated to be December 31, 1997, but in no event later than five (5) years from the date of execution of this Agreement. 4. To the extent necessary, all headgates or control structures made inoperative or less efficient by virtue of the ditch relocation shall be replaced by, and at the expense of, Booton, to the satisfaction of the Company's superintendent. 5. The relocated ditch shall be lined and otherwise constructed as shown in the Plan, and will be so constructed so that it will not visibly seep and so that the amount of seepage from it will not exceed the historical level of seepage. m 6. on the plat of the Fairbrooke Property, Booton will dedicate a blanket easement to the City and to the Company, in the width and length shown on Exhibit "B", to be used for a dual ditch system containing a ditch belonging to the City and a ditch belonging to the Company for conveyance of storm drainage and ditch waters (the "Dual Ditch Easement"). The plat of Fairbrooke Subdivision First Filing, a development adjacent to the eastern boundary of the Fairbrooke Property, has previously dedicated an easement to the Company varying in width from 25 feet to 45 feet. This easement, when combined with the easement to be dedicated on the plat of the Fairbrooke Property, will provide a total easement width for the dual ditch system of 100 feet. 7. After relocation of the existing ditch by Booton, the Company shall execute a quit claim deed to Booton in the form of Exhibit "D" attached hereto and incorporated herein by reference, vacating the easement for the ditch on Parcel 2 of the Tax Sale Property as shown on Exhibit "B" and shall execute a similar deed for Parcel 1 of the Tax Sale Property as shown on Exhibit "B" to either Booton or the City, depending on who is then the owner of such parcel. In addition, such quit claim deeds shall abandon the portions of the ditch which have been relocated. 8. Booton assumes all liability that may arise relating to the construction and agrees to indemnify and hold the Company harmless therefrom. Such liability includes, without limitation, injury to property, injury or death to people or animals, seepage damage, severing or damage to utility lines or cables which may -5- exist on Fairbrooke Property. (The Company notes that there may be such utility lines or cables located under the existing ditch or located at the proposed location of the relocated ditch. Such cables and lines may include T.V. cable, gas, electric, water, sewer, telephone, etc.) 9. Subject to the terms of this paragraph, the Company shall have the responsibility to maintain and repair the relocated ditch. a. If, within five (5) years from the date the Company first runs water through the relocated ditch (after completion), the Company informs Booton that the relocated ditch has been negligently or improperly designed or constructed (including materials and workmanship) and the Company, in general terms, presents information showing the state of disrepair which has been caused by such negligence or improper design or construction, then Booton (at his expense) will promptly repair the relocated ditch to the satisfaction of the Company. Booton shall indemnify and hold the Company harmless from any liability of any nature whatsoever (including, without limitation, damage to property or persons) caused by such negligent or improper design or construction. b. If within five (5) years from the date the Company first runs water through the relocated ditch (after completion) any person or entity alleges and demonstrates that seepage from the relocated ditch above and beyond historical levels has caused damage to property, injury to persons or otherwise asserts and demonstrates that such seepage from the relocated ditch is injurious, Booton shall assume all liability and agrees to indemnify and hold the Company harmless therefrom. 10. In the event that the Company reasonably determines to hire an engineer or engineering firm to assist and advise the Company independently during the construction of the new ditch, Booton agrees to reimburse the Company for the reasonable fees and expenses of such engineer or engineering firm hired by the Company for such purpose, up to a maximum reimbursement of One Thousand Dollars ($1,000.00). 11. Booton agrees that he will record protective covenants for the Fairbrooke Heights P.U.D. in the office of the Clerk and Recorder of the County of Larimer, State of Colorado. Said protective covenants shall hereinafter be referred to as "the Protective Covenants." Booton further agrees to establish a Colorado non-profit corporation commonly known as a Homeowners' Association to perform the obligations and duties as recited in this Agreement and to enforce the terms and conditions of the Protective Covenants. Said homeowners' association shall hereinafter be referred to as "the Association" or the "Homeowners' Association." The Protective Covenants shall contain provisions prohibiting the dumping of trash, debris, lawn clippings, dead animals or other similar refuse and rubbish in the relocated ditch -7- or any portion thereof. The Association shall be responsible for the removal of any trash, debris, lawn clippings, dead animals or other similar refuse or rubbish dumped in the relocated ditch or any portion thereof by an owner of any lot within the Fairbrooke Property, members of his family, his guests, invitees or tenants. The Association shall be responsible for the repair of any damage done to the relocated ditch by owners of property within the Fairbrooke Heights Property, members of their families, their guests, invitees or tenants. The Association will assure and assume the duties and obligations of Booton under this paragraph and will itself be bound to perform the duties and the obligations of Booton under this paragraph. The Association shall act in good faith and use due diligence to keep owners of lots within the Fairbrooke Property, members of their families, their guests, invitees and tenants from trespassing on the Dual Ditch Easement. In the event the Company and the City reasonably determine that the Association is unable to prevent such individuals from trespassing on the Dual Ditch Easement and in the event the Company and the City reasonably determine that such trespassers are causing substantial damage to the relocated ditch or the Dual Ditch Easement or are creating a serious risk of injury to themselves or others, the Company and the City may require the Association to pay the cost of constructing a fence along each side of the easement, which fence shall be of a size and type sufficient to deter such trespassers. am 12. The covenants for the Fairbrooke Property shall affirmatively state that the Association has the right to assess homeowners within the Fairbrooke Property for the payment of any amounts due from the Association to the Company and shall provide and require that all property owners within the Fairbrooke Property are automatically members of the Association. The Association's Articles shall also provide for the authority of the board or other governing entity to so assess, and the bylaws shall provide a procedure for the imposition of liens upon properties within the Fairbrooke Property if such assessments are not duly paid and for the required assignment by the Association of such lien rights to the Company if any final award and/or judgment in favor of the Company and against the Association is not fully paid within sixty (60) days following the expiration of all rights of appeal of such award and/or judgment. The above documents shall not be subject to amendment without the written consent of the Company, and the documents shall so state. The required documents shall be approved by the Company, and the covenants, articles and bylaws shall be duly recorded in the official records of Larimer County prior to the start of work. 13. Unless waived in writing by the Company, those with third -party interests as shown by the ownership and encumbrance report shall agree in writing, to be executed in recordable form and before construction of the relocated ditch or on the existing ditch shall begin, to subordinate their interests to the easements herein created or provided for and to all rights and responsibilities herein provided. MCCAFFREY PROPERTY 14. In order to relocate the Company's ditch and to install storm drainage facilities for the Fairbrooke Property, Booton is required by the City to obtain a temporary grading easement from McCaffrey. Within ten (10) days after receipt from Booton of written notice that he is commencing the ditch relocation work contemplated in this Agreement, McCaffrey shall grant to Booton a temporary grading easement more specifically described on Exhibit "E" attached hereto and incorporated herein by reference (the "Temporary Grading Easement"). Booton, or his grantee, shall provide in the Temporary Grading Easement for an indemnification from Booton, or his grantee, to McCaffrey, indemnifying McCaffrey from any and all claims arising out of such grading work and further providing for the restoration of any disturbed property to its original condition. 15. Once Booton has relocated the Company's ditch as provided in this Agreement, the Company will execute a quit claim deed to McCaffrey, in the form shown on Exhibit "D", to vacate the ditch easement on the McCaffrey Property and to abandon that portion of the ditch on the McCaffrey Property. 16. Concurrently with his receipt of the referenced quit claim deed from the Company, McCaffrey shall dedicate to the City a permanent drainage and slope easement more specifically described on Exhibit "F" attached hereto and incorporated herein by reference -10- (the "Permanent Drainage and Slope Easement"). The Permanent Drainage and Slope Easement shall be in a form acceptable to the City, and those with third -party interests shall be required to subordinate their interests to such easement. GENERAL PROVISIONS 17. Prior to the commencement of work but after the Homeowners' Association has been duly formed (with evidence of such proper formation being provided to the Company in the form of true, fully -executed copies of all documents relating to such formation), the Homeowners' Association shall become a party to this Agreement by executing it. Attached as the last page to this Agreement is a signature page for the Association to be used for this purpose. A properly -completed and properly -executed last page shall be recorded prior to the start of work, and the Company shall receive the original recorded last page. 18. This Agreement shall be binding and inure to the benefit of the parties, their heirs, personal representatives, successors and assigns, including, without limitation, the Fairbrooke Homeowners' Association to be formed, provided that the obligations of Booton under this Agreement for design, construction and installation of the relocated ditch shall remain solely with Booton, and the same shall not constitute covenants running with the land and shall not be binding on Booton's grantee unless the benefits hereunder are assigned to a grantee and the grantee assumes the obligations hereunder. In the event of such assignment and assumption, Booton may request that the Company release him -11- from liability under this Agreement, and upon submission in writing to the Company of such request accompanied with the assignment and assumption, the Company shall not unreasonably deny the request. 19. This Agreement will be recorded with the Clerk and Recorder of Larimer County, Colorado, at the expense of Booton and a recorded copy returned to the Company prior to the commencement of work. 20. Any notice required or permitted hereunder shall be deemed effective when deposited in the United States mail, postage prepaid, first class, and addressed to the party to whom notice is to be given, as follows: To the Company: Ed Wendel, Superintendent 3909 Mariah Lane Fort Collins, CO 80525 To Booton: Eric Booton 951 Conifer Place Loveland, CO 80538 To McCaffrey: c/o William J. McCaffrey Sheppard Office Systems 902 West Main Street Auburn, WA 98001 To the City: Glen Schlueter Storm Water Utility Department City of Fort Collins P. O. Box 580 Fort Collins, CO 80522 Said notice to the Company shall not be effective unless a copy of any notice is also similarly mailed to the Company's registered agent, as filed with the Colorado Secretary of State's office. -12- In the event that the person or entity to whom notice shall be given changes, the other party shall be notified in writing pursuant to this paragraph. 21. This Agreement may be executed in multiple counterparts, each of which shall constitute an original, but all of which, taken together, shall constitute one and the same document. IN WITNESS WHEREOF, the parties have caused these presents to be duly and properly executed on the day and year first above written. By: ATTEST: Alder Hill, Secretary APPROVED TO FORM: Duttal•, Asst. City Attorney A`P'JWST: cy\\ Wanda Krajicet, C ty Jerk -13- THE PLEASANT VALLEY AND LAKE CANAL COMPANY Willis Smith, President t-fic Boo on T. B. McCaffrey CITY OF FORT COLLINS, COLORADO, a mu ipal corporation a. 41.6 ,,,.e John V. Fischbach, City Manager 1.3. Payment for Storm Drainage Improvements. Exhibit "A" sets forth cost estimates for each of the Storm Drainage Improvements. The costs owed by the respective parties for such improvements are based upon their actual costs certified by the City and the Developer after construction thereof. "Actual Cost" means actual construction cost and the City's cost for the salary of its construction manager in supervising the installation of the Storm Drainage Improvements. The difference between the amount owed by the City and that owed by the Developer is shown on Exhibit "A". Such amount shall be paid by the City to the Developer within 30 days of execution of this Amendment Agreement No. 2. 1.4. Letters of Credit/Erosion Control. The Developer has previously deposited a letter of credit with the City in connection with required erosion control measures for Fairbrooke. Within 30 days after execution of this Amendment Agreement No. 2, the City shall take the necessary steps to assist the Developer in obtaining the release of the proportionate percentage of such letter of credit which relates to erosion control measures affecting any property within Fairbrooke either purchased by the City or on which the City has installed storm drainage improvements. 2. Payment in Lieu of Pond Regrading. The Developer, at the City's request, has prepared a grading plan for enlargement of the existing stormwater detention pond located at Fairbrooke. The estimated cost to enlarge this pond is $26,000, which the parties agree should be allocated equally between them. In addition to those City improvements described on Exhibit "A", the City intends to construct and install regional storm drainage improvements which potentially will require an enlargement of the Fairbrooke pond. to lieu of regrading the existing stormwater detention pond, the City desires that the Developer pay its one-half share of the cost of regrading to the City to be used for its intended regional basin improvements. The Developer's payment of $13,000 for the Fairbrooke pond regrading shall be paid by the Developer to the City within 30 days of execution of this Amendment Agreement No. 2 and shall be in addition to those costs owed by the Developer to the City which are described on Exhibit "A" . 3. Building Permits. This Amendment Agreement No. 2 and its accompanying Exhibit "A" shall serve as a modification of that portion of the approved utility plans related to storm drainage improvements. Subject only to compliance with any other remaining obligations not related to stormwater and yet to be performed by the Developer under the Development Agreement and other applicable laws and regulations of the City, upon certification by the Developer's engineer of the completion of those Storm Drainage Improvements which were part of the originally -approved final storm drainage plan for Fairbrooke and have not been subsequently modified, the Developer shall be entitled to receive all remaining building permits for Fairbrooke (except for the lots purchased by the City). 2 STATE OF COLORADO ) ) ss. COUNTY OF LARIMER ) The foregoing instrument was acknowledged before me this Cl day of ',' j , 1996, by Willis Smith, as President, and Alden V. Nill, as Secretary, of The Pleasant Valley and Lake Canal Company. Notary Public My Commission expires STATE OF COLORADO ) ) ss. COUNTY OF LARIMER ) 7'F, regoing instrument was acknowledged before me this�� ' 1996, by Eric Booton. C f Notary Public PUBLIC :' My Commission expires C•��;••0 ) ss. COUNTY OF ) The foregoing instrument was acknowledged before me this day of , 1996, by T. B. McCaffrey. STATE OF COLORADO ) COUNTY OF LARIMER ) day of ) of the C Notary Public My Commission expires ss. trument was acknowledged before me this ?961 by John F. Fischbach as City Manager s, Colorado. ,) Notary Public My Commission expires -14- In the event that the person or entity to whom notice shall be given changes, the other party shall be notified in writing pursuant to this paragraph. 21. This Agreement may be executed in multiple counterparts, each of which shall constitute an original, but all of which, taken together, shall constitute one and the same document. IN WITNESS WHEREOF, the parties have caused these presents to be duly and properly executed on the day and year first above written. THE PLEASANT VALLEY AND LAKE CANAL COMPANY By: Willis Smith, President ATTEST: Alden T. Hill, Secretary Eric Booton CITY OF FORT COLLINS, COLORADO, a municipal corporation By: John F. Fischbach, City Manager APPROVED AS TO FORM: John R. Duval, Asst. City Attorney ATTEST: Wanda Krajicek, City Clerk -13- STATE OF COLORADO ) ss. COUNTY OF LARIMER ) The foregoing instrument was acknowledged before me this day of , 1996, by Willis Smith, as President, and Alden T. Hill, as Secretary, of The Pleasant Valley and Lake Canal Company. Notary Public My Commission expires STATE OF COLORADO ) ss. COUNTY OF LARIMER ) The foregoing instrument was acknowledged before me this day of , 1996, by Eric Booton. Notary Public My Commission expires STATE OF .y,, , _, ) ss. CQUNTY OF The foregoing instrument was acknowledged before me this day of , 1996, by T. B. McCaffrey. i Nbtary Public 1,,TA. My Commission expires W)iARY PU13IIC ;TAB OFMISSOURI 5T 1 OUIS COUNTY Rdy C MMISSIOPJ FMP NOV. 13,1998 STATE OF COLORADO ) ss. COUNTY OF LARIMER ) The foregoing instrument was acknowledged before me this day of , 1996, by John F. Fischbach as City Manager of the City of Fort Collins, Colorado. Notary Public My Commission expires CRIEW The undersigned Homeowners' Association hereby agrees to become a party to the Ditch Relocation Agreement and Easement (recorded at Reception Number in the records of the Clerk and Recorder of Larimer County, Colorado), and agrees to be bound by all of the terms, conditions and provisions that are applicable to it. This page, when completed and properly executed, shall also be recorded in Larimer County, Colorado, at the expense of the Homeowners' Association, and returned to The Pleasant Valley and Lake Canal Company, P.O. Drawer J, Fort Collins, Colorado, 80522. Dated this day of , 199 [Fill in legal name of Homeowners' Association] By: ,President print name ATTEST: Secretary [print name] STATE OF COLORADO ) ss. COUNTY OF LARIMER ) The foregoing instrument was acknowledged before me this day of , 199_, by as President, and as Secretary, of Notary Public My Commission expires -15- EXHIBIT Legal Description of the "Tax Sale Property" Lot 22, Block 1, FAIRBROOKE SUBDIVISION, FIRST FILING, in the City of Fort Collins, County of Larimer, State of Colorado, EXCEPT portion conveyed in Deed recorded August 4, 1987 at Reception No. 87044406. EXHIBIT "B II f A I R B R 0 0 K E T R.Az7 A ___ t t" A ]ll ' • fr -- --• t' - - - - -- -- - TO TF! Q�ry 1 AND THR PCMXAPrr VALLmy AND LAfa IL I '� • r -� ■I • / - • • : R I t Ad I • w n t2 w µ/ / a W l / •1 ----- / 1 TAX p r0 BEW R L075 � - • 1 1 p 1/ p/ p I y - - - TAX SAU t _ _ 'MAT 22 -�-- I�oGAATtY � - (AREA TO BE VACATED MLA _ (� ' - rLl Ki •R EA R.Y --�_ IN IG N R. U. D. (rtt/fTl<El' PROPERM` >� ' `5 FE3GiTS P tl tl n ;H ACMEMMENT - NE3rr M The Pleasant Valley and Lake Canal Company, a mutual ditch company ("Grantor"), whose street address is , for the consideration of Ten Dollars ($10.00) and other valuable consideration, receipt of which is acknowledged, sells and quit claims to ("Grantee") whose street address is , all right, title and interest in and to the following described real property, together with all its appurtenances, located in Larimer County: Executed by the Grantor on , 19_ THE PLEASANT VALLEY AND LAKE CANAL COMPANY By ATTEST: Secretary STATE OFCOLORADO 1 1 ss. COUNTY OF LARIMER ) President The foregoing instrument was acknowledged before me the day of 1995, by Willis Smith, as President of THE PLEASANT VALLEY AND LAKE CANAL COMPANY. WITNESS my hand and official seal. Notary Public My Commission Expires: After recording return to: EXHIBIT "E'. �1of TEMPORARY GRADING EASEMENT That portion of the Northwest Quarter of Section 21, Township 7 North, Range 69 West of the 6th PAL Larimer County, Colorado, described as follows: Considering the West line of the East Half of the Northwest Quarter of said Section 21 as bearing North 00°07'10" East and with all bearings contained herein relative thereto. Commencing at the Southwest comer of the Southeast Quarter of the Northwest Quarter of said Section 21; thence North 20'24'16" East 769.67 feet to the True Point of Beginning; thence South 26°40'19" East 32.60 feet; thence South 44030'00" West 20.31 feet; thence South 26°40'19" East 28.14 feet; thence South 62000'00" East 118.37 feet; thence North 63°45'54" East 80.02 feet; thence South 80°00'00" West 41.12 feet; thence North 79'00'00" West 50.00 feet; thence North 38°00'00" West 65.00 feet; thence North 26°52'05" West 39.54 feet: thence North 89°52'50" West 41.86 feet to the True Point of Beginning. A90492C U1 Vl m• zX N Z I � J m n O I „E„ (Page 2 of 2 of BEARING EXHIBIT -IFS E age 1-of 2) PERNLA�NENT DRAINAGE AND SLOPE EASEMENT That portion of the Northwest Quarter of Section 21, Township 7 North, Range 69 West of the 6th P.M., Latimer Count}, Colorado, described as follows: Considering the West line of the East Half of the Northwest Quarter of said Section 21 as bearing North 0000710" East and with all bearings contained herein relative thereto. Commencing at the Southwest comer of the Southeast Quarter of the Northwest Quarter of said Section 21; thence North 20°2416" East 769.67 feet to the True Point of Bunning; thence South 26=40'19" East 32.60 feet: thence South 44'30'00" West 20.31 feet: thence South 26'40'19" East 28.14 feet: thence South 62'00'00" East 118.37 feet; thence North 63'45'54" East 80.02 feet; thence South 80'00'00" West 41.12 feet; thence North 79'00'00" West 50.00 feet: thence North 38000'00" West 65.00 feet; thence North 26'52'05" Nest 39.54 feet: thence North 89052'50" West 41.86 feet to the True Point of Begkrung. A90492C 4. Extensions of P.U.D. Approval. Under the City's land use regulations, a developer may request that two 6-month extensions of final P.U.D. approval be given. In recognition of the significant delay in the development of Fairbrookc resulting from the lengthy discussions and negotiations between the Developer and the City regarding storm drainage issues, the Director of the City's Stormwater Utility, upon the Developer's request, will provide the Developer with a written statement endorsing and recommending approval of such extensions. 5. Liability/Indemnification. 5.1. Construction Liability. Each party shall be solely liable for the work each has performed in the installation of the Storm Drainage Improvements. The parties hereby indemnify each other against third party claims in connection with storm drainage construction work performed by each. 5.2. Liability for Storm Drainage Design. To the extent that any of the Storm Drainage Improvements have resulted in a modification to the originally -approved final storm drainage plan for Fairbrooke, the City shall be solely liable for such modified design, and the City hereby indemnifies the Developer against any third party claims in connection therewith. The Developer shall remain liable for the design of those storm drainage improvements for Fairbrooke which have not been so modified. In the event that installation of the Storm Drainage Improvements or any additional storm drainage improvements desired by the City modify those improvements agreed upon in the Ditch Relocation Agreement and Easement dated April 9, 1996 among the City, the Developer and Pleasant Valley and Lake Canal Company, the City agrees to prepare and submit to the Developer and Pleasant Valley and Lake Canal Company an amendment to such agreement in which the City assumes sole liability for such modified improvements and the Developer is relieved of all liability for the same. 6. Appeals In the event that any third party appeals the City's execution of this Amendment Agreement No. 2 and the terms of this Amendment Agreement No. 2 are not approved by the City Council, this Amendment Agreement No. 2, at the Developer's option, may be declared null and void in its entirety, and in such event, the Developer shall be required to fulfill only those obligations set forth in the Development Agreement and Amendment Agreement No. 1. 7. Exhibit "B" to the Development Agreement and Amendment Agreement No. 1. The provisions ofthis Amendment Agreement No. 2 shall supercede and replace Exhibit"B" to both the Development Agreement and the Amendment Agreement No. 1. 3 A. EXHIBIT "F" p (Page 2 of 2) �n to w ? 0_ D 00 CZ) 0 zZ z N ' N Z Z to O m D I Z O I� u rn co ;u fZ C di � p n I I P W W rn - N -U Qp� NO y �D OO NO m I w rn N i,Ul � S ti Z I O '7 � D m " {mm O { 1 / Nco WL E�'C N \ / O /� N 10N LL•••_J�I OOd d LA N VJ Except as modified above, all other terms and conditions of the Development Agreement shall remain unchanged and in full force and effect. Nothing in this Amendment Agreement No. 2 shall be construed to waive, remove, limit or abridge, in any manner or to any extent, either party's right to seek damages from the other for breach of the Development Agreement between them dated .Tune 16, 1996 or the Amendment Agreement No. 1 dated September 30, 1997 which occurred prior to the date hereof or to defend against any such actions for damages, and by execution hereof, neither party admits to any breach of the Development Agreement. IN WITNESS WHEREOF, the parties hereto have set their hands the day and year first above written. ATTEST: City Clerk APPROVED AS TTO CONTENT: Director of Engineering APPRED AS TO FORM: Deputy City Attorney I°AWPf\l ALB00IOMAMBNDA62 10/1/')8 THE CITY OF FORT COLLINS, COLORADO, a municipal corporation By: U q John F. Yischbach, City Manager Il DEVELOPER: ERIC BOOTON, an individual EXHIBIT A FAIRBROOKE HEIGHTS COST SUMMARY Item Actual Developer City Cost Share Share Fairbrooke Heights Exhibit "B" (developer paid) Ditch and Road Grading $36,709 $18,354.50 $18,354.50 est. $36,709 Side Weir $6,415 0 $6,415 est. $6,415 Riprap $4,145 0 $4,145 est. $4,145 Overflow Structure $2,677 $1,338.50 $1,338.50 est. $2,680 Relocated Headwalls $2,680 0 $2,680 est. $2,580 36" RCP $2,973.75 0 $2,973.75 est. $3,038.75 Compaction Testing $3,573.00 $1,786.50 $1,786.50 est. $1,000 Engineering $3,000 0 $3,000 est. $3,000 Survey and Plat $7,209 $3,604.50 $3,604.50 est. $4,020 Ditch Agreement $2,068 $1,034 $1,034 est. $1,500 Legal Fees $6,964.45 $3,482.22 $3,482.23 est. $3,000 Total $68,087.50 $78,414.96 $29,600.22 $48,813.98 Post Flood (City Paid) Embankment Repair South $5,720.01 $2,860.00 $2,860.01 of Bike Path Embankment Repair North ' Gerrard 0 0 of Bike Path Repaired Grading $4,931.03 $2,465.53 $2,465.52 (Northern #1,3,8,10,12) Concrete Cutoff wall & Chase $6,262.42 $6,262.42 0 (Northern #5, 11) Seal Pipe Joints $156.65 $156.65 0 (Northern #6) Landscaping $9,700 $4,850 $4,850 (Northern #7) Certification Survey $2,136.70 $2,136.70 0 (Northern #13) Mobilization $1,445.34 $793.57 $651.77 5% Project Management $1,445.34 $793.57 $651.77 5% Total $31,797.49 $20,318.46 $11,479.07 Reimbursement to the developer from the City would be $28,495.53. This line item has been paid for by the developer's contractor. However, it is unclear if such contractor seek reimbursement from the developer and/or the City. In the event such a reimbursement is sought, will each party to this agreement reserves the right to assert a claim against the other party for all or part of this line item cost. DITCH RELOCATION AGREEMENT AND EASEMENT THIS AGREEMENT, made this �� day of rr/ _, 1996, among THE PLEASANT VALLEY AND LAKE CANAL COMPANY, a mutual ditch company (the "Company"), ERIC BOOTON as owner of the Fairbrooke Heights P.U.D. property and certain property adjacent thereto ("Booton"), T. B. MCCAFFREY as owner of the Brown Farm Highlands II P.U.D. property ("McCaffrey") and the CITY OF FORT COLLINS, COLORADO, a municipal corporation (the "City"). WITNESSETH: THAT WHEREAS, the Company is the owner of an irrigation ditch and easement therefor (hereinafter the "existing ditch") that diverts water from the Cache La Poudre River for the purpose of carrying and providing it to shareholders of the Company; and WHEREAS, the Company's existing ditch crosses through two properties owned by Booton and located in the City of Fort Collins, Larimer County, Colorado, one of which is being developed as Fairbrooke Heights P.U.D. (the "Fairbrooke Property") and the other of which is located adjacent to the Fairbrooke Property and described on Exhibit "A" attached hereto and incorporated herein by reference (the "Tax Sale Property"); and WHEREAS, the Company's existing ditch also crosses through certain property owned by McCaffrey located in Fort Collins, Colorado and described as Brown Farm Highlands II P.U.D. (the "McCaffrey Property"); and WHEREAS, in conjunction with the development of the Fairbrooke Property, Booton and the City seek to have a portion of the existing ditch crossing the Tax Sale Property and all of that portion of the ditch crossing the McCaffrey Property abandoned and to relocate said portions of the ditch in an easement within the Fairbrooke Property; and WHEREAS, upon Booton's relocation of the existing ditch, the Company shall abandon the ditch across the McCaffrey Property and that portion of the ditch across the Tax Sale Property which is to be relocated, identified on Exhibit "B" attached hereto and incorporated herein by reference; and WHEREAS, concurrently with such relocation and abandonment of the ditch, McCaffrey will dedicate a new storm drainage easement to the City; and WHEREAS, in conjunction with the development of the Fairbrooke Property, Booton will enter into a development agreement with the City providing for the conveyance to the City of the Tax Sale Property with the exception of Parcel 2 thereof as shown on Exhibit "B" and further providing for the allocation of costs between Booton and the City in connection with relocation of the ditch; and WHEREAS, Booton will dedicate to the City and the Company on the plat of the Fairbrooke Property a blanket easement for storm drainage and ditch purposes to accommodate the relocated ditch as well as a future City ditch as shown on Exhibit "B"; and WHEREAS, the Company is agreeable to having its existing ditch relocated if done in accordance with this Agreement. NOW, THEREFORE, in consideration of a relocation fee in the amount of Seven Hundred Fifty Dollars ($750.00), the receipt of -2- which is hereby acknowledged by the Company, and in consideration of the mutual promises contained in this Agreement and for other valuable consideration (including the payment of the Company's expenses relating to this Agreement), the receipt and sufficiency of which consideration is acknowledged, the parties agree as follows: FAIRBROORE PROPERTY AND TAX SALE PROPERTY 1. Simultaneously with the execution of this Agreement, Booton will provide the Company with an ownership and encumbrance report duly prepared and certified as showing such ownership, as well as the interests of lenders and other lienholders (third -party interests) in and to the Fairbrooke Property and the Tax Sale Property. The Fairbrooke Property is being platted into residential and other lots as shown in the documents collectively entitled "Fairbrooke Heights P.U.D." prepared by Northern Engineering Services and as shown on Exhibit "C" attached hereto and incorporated herein by reference (the "Plan"). 2. Exhibit "B" shows the location of the Company's ditch as it now exists within the Fairbrooke Property, as well as the ditch as the same is to be relocated. Booton shall, at his expense, replace the existing ditch by relocating it to the new location, all in accordance with the plans and specifications stated in the Plan. At the time the ditch is relocated, Booton will also fill in the existing and abandoned ditch on the Fairbrooke Property and provide a suitable access road for the Company along the relocated ditch. -3-