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HomeMy WebLinkAboutRIGDEN FARM - Filed DA-DEVELOPMENT AGREEMENT - 2004-02-04DEVELOPMENT AGREEMENT THIS AGREEMENT, is made and entered into this ;�i day of �y\c <Yi1'1%>.t` 1999, by and between the CITY OF FORT COLLINS, COLORADO, a Municipal Corporation, hereinafter referred to as the "City"; and Rigden Development, LLC, a Colorado limited liability company, hereinafter referred to as the "Developer"; and Rigden Farm, LLC, a Colorado limited liability company and Spring Creek Farms Limited Liability Company, a Colorado limited liability company, hereinafter referred to as the "Owner". WITNESSETH: WHEREAS, the Developer has entered into an agreementwith the ownerto acquire ownership of certain real property situated in the County of Larimer, State of Colorado, (hereafter sometimes referred to as the "Property" or "Development") and legally described as follows, to wit: Rigden Farm Filing One a tract of land located in Section 29, Township 7 North, Range 68 West of the 6th P.M., City of Fort Collins, County of Larimer, State of Colorado. WHEREAS, the Developer desires to develop the Property and has submitted to the City all plats, plans (including utility plans) reports and other documents required for the approval of a final plan according to the City's Development application submittal requirements masher list (the final development plan documents) copies of which are on file in the office of the City Engineer and made a part hereof by reference; and WHEREAS, the parties hereto have agreed that the development of the Property will require increased municipal services from the City in order to serve such area and will further require the installation of certain improvements primarily of benefit to the lands to be developed and not to the City of Fort Collins as a whole; and WHEREAS, the City has approved the final development plan documents submitted by the Developer subject to certain requirements and conditions which involve the installation of and construction of utilities and other municipal improvements in connection with the Property. 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, it is agreed as follows: I. General Conditions A. The terms of this Agreement shall govern all development activities of the 5. In accordance with Section 24-95 of the City Code the Developer is responsible for constructing the portion of Drake Road adjacent to the site prior to the issuance of the first building permit. Notwithstanding the foregoing, the Developer shall have the option to postpone the Drake Road construction at the Rigden Parkway intersection and east of the said intersection adjacent to the property following the escrow of funds to be deposited with the City in the form of cash, bond, nonexpiring letter of credit or otherform of City approved security sufficient to guarantee completion of the design and construction of the improvement necessary for Drake Road to meet City street design standards. The amount of said funds shall be the estimated cost to design and construct said improvements, which estimate shall be prepared by the Developer and approved by the City, plus an additional25% of the estimate to cover any contingencies and unexpected costs. Said amount shall be deposited with the City prior to the issuance of any building permit for this Development. The improvements to Drake Road shall be constructed at such time that the City deems the improvements to be necessary or at such time as improvements are made to adjacent portions of Drake Road, whichever shall first occur. Except as provided in the following paragraph, any interest earned by the City as a result of said deposit shall be the property of the City to cover administration and inflation in order to better assist the City in making reimbursement to the party who constructs said improvements. If the Developer 'is the party that constructs said improvements, upon completion of said improvements and acceptance of them by the City, the City shall return to the Developer the amount deposited plus any interest earned by the City as a result of said deposit, less 3% of the total amount remaining, (which includes said amount deposited plus the interest earned by the City) to be kept by the City to cover its costs for administration of said deposits. 6. The Developer is responsible for constructing Iowa Drive and Illinois Drive within the right-of-way dedicated as a part of this project. In accordance with the approved development plan documents the construction of these roads will not be to the property lines in order to have the ability to match the existing grade within the property boundaries. As it is the Developers responsibility for the construction of the unbuilt portion to the property line, the developer agrees to provide an escrow of funds to cover the cost of the construction of the pavement, curb, gutter and sidewalk that is not constructed at the time of development of the Property. The escrow of funds shall be deposited with the City in the form of cash, bond, nonexpiring letter of credit or other form of City approved security sufficient to guarantee completion of the construction. The amount of said funds shall be the estimated cost to construct said improvements, which estimate shall be prepared by the Developer and approved by the City, plus an additional 25% of the estimate to cover any contingencies and unexpected costs. Said amount shall be deposited with the City prior to the issuance of any building permit for this Development. iU, The remaining improvements to Iowa Drive and Illinois Drive shall be made at such time that the property to the south is developed and the roads are continued onto such property. Except as provided in the following paragraph, any interest earned by the City as a result of said deposit shall be the property of the City to cover administration and inflation in order to better assist the City in making reimbursement to the party who constructs said improvements. If the Developer is the party that constructs said improvements, upon completion of said improvements and acceptance of them by the City, the City shall return to the Developer the amount deposited plus any interest earned by the City as a result of said deposit, less 3% of the total amount remaining, (which includes said amount deposited plus the interest earned by the City) to be kept by the City to cover its costs for administration of said deposits. 7. The interim improvements to Drake Road, being the widening of the road to provide a bike lane on each side of the road, as shown on the approved final development plan documents shall be completed prior to the issuance of more than 31 building permits within this Development. 8. The intersection of Drake Road and Timberline Road, per City request has been shifted to the East. This shift in alignment requires additional right-of-way from this Development. In accordance with Section 24-112 of the City Code, the City shall reimburse the Developer for the additional right-of-way required for the alignment shift. In addition the City has agreed to an alignment shift of Drake Road and County Road 9 so that a large sweeping curve connects the two roads on the west side of the Fossil Creek Reservoir Inlet Ditch rather than the existing 90 degree intersection that occurs east of the Fossil Creek Reservoir Inlet Ditch. Upon dedication of the additional right-of-way for Drake Road and Timberline Intersection and the right-of-way for the Drake Road County Road 9 curve by plat or separate document the City shall pay the developer $ 1,134,000.00 for the 501,105 square feet of right-of-way. The Developer agrees and understands that the City shall have no obligation to make reimbursement payments for street oversizing unless funds for such payments shall first have been budgeted and appropriated from the Street Oversizing Fund by the City Council. In accordance with Section 7.5-20 of the City Code the Developer can elect to take this amount as a credit against the capital expansion fees for this Development. 9. The Developer is responsible for the relocation of the "Johnson Farm" buildings, located at the southeast corner of Timberline Road and Drake Road, to the designated community center site within this Development. The removal of these buildings from the southeast corner of Timberline Road and Drake Road shall occur prior to the issuance of any building permit for this Development. As a part of the removal of the structures the developer shall be responsible for termination of all utility services in accordance with the applicable utility and state/county health department regulations. 11 10. In accordance with Section 24-95 of the City Code the Developer is responsible for constructing the portion of Timberline Road adjacent to the site and shall be responsible for constructing Timberline Road and Drake Road adjacent to future developments. The Dedication of the additional right-of-way on Timberline Road, from the southern boundary of the property north to the Drake Road right-of-way, shall take the place of the local street contribution required of the adjacent property owner. Upon dedication of the right-of-way by plat and/or separate document it shall then become the responsibility of the City to construct the improvements to Timberline Road and Drake Road in accordance with the approved final development plan documents. 11. The Developer has the option to provide street signs in a design of its choosing rather than having the City install street signs meeting the requirements of the Manual on Uniform Traffic Control Devices (MUTCD), provided that the lettering on the street names signs are at least 4 inches high with supplementary lettering to indicate the type of street (e.g., Street, Avenue, Road, etc.) being at least 2 inches high and that the lettering and background are contrasting colors. The Developer agrees that if it chooses to install street signs not meeting the MUTCD, it shall be responsible for all costs for the purchasing, installation and ongoing maintenance of such signs. If at any time the Developer fails to maintain the street signs the City shall have the right to replace such signs with those meeting the MUTCD. 12. No access to lot M3 of the Property shall be allowed off of Custer Drive until the street has been completed with either City approved temporary turnarounds or permanent cul de sacs, or until the street has been extended to become a through street in accordance with City standards. 13. No access to lot 117 of the Property shall be allowed off of Des Moines Drive until the street has been completed with either City approved temporary turnarounds or permanent cul de sacs, or until the street has been extended to become a through street in accordance with City standards. E. Ground Water 1. The City shall not be responsible for, and the Developer hereby agrees to indemnify and hold harmless the City against, any damages or injuries sustained in the Development as a result of ground water seepage or flooding, structural damage, or other damage unless such damages or injuries are sustained as a result of the City's failure to properly maintair, its storm drainage facilities in the Development. The City agrees to give notice to the Developer of any claim made against it to which this indemnity and hold harmless agreement by the Developer could apply, and the Developer shall have the right to defend any lawsuit based on such claim and to settle any such claim provided Developer must obtain a complete discharge of all City liability through such settlement. Failure of the City to give notice of any such claim to the Developer within ninety (90) days after the City first receives notice of such claim under the Colorado Governmental Immunity Act for the same, shall cause this indemnity and hold harmless agreement by the Developer to not 12 apply to such claim and such failure shall constitute a release of this indemnity and hold harmless agreement as to such claim. F. Hazards and Emergency Access 1. No combustible material will be allowed on the site until a permanent water system is installed by the Developer and approved by the City. G. Trails 1. In order to guarantee the completion of the Developer's share of the regional trail system from Rigden Parkway west and then south across the regional drainage channel connecting to the existing sidewalk in the Pinecone Apartments, PUD, the Developer shall escrow funds to be deposited with the City in the form of cash, bond, nonexpiring letter of credit or other form of City approved security sufficient to guarantee completion of said construction. The amount of said funds shall be the estimated cost to construct said improvements, which estimate shall be prepared by the Developer and approved by the City, plus an additional 25% of the estimate to cover any contingencies and unexpected costs. Said amount shall be deposited with the City prior to the issuance of any building permit for this Development. If the Developer is the party that constructs said improvements, then upon completion of said improvements and acceptance of them by the City, the City shall return to the Developer the amount deposited plus any interest earned by the City as a result of said deposit, less 3% of the total amount remaining, (which includes said amount deposited plus the interest earned by the City) to be kept by the City to cover its costs for administration of said deposit. The City shall be responsible for obtaining the necessary easements for the construction of the trail on the Pinecone Apartments PUD and the property to the west of Rigden Farm (currently submitted to the City for review as the "Timberline Church PUD") where the trail goes through and crosses the regional channel. At such time that the necessary easements are obtained the Developer agrees to build it's required portion of the trail, being a 5 foot wide section with the area adjacent to it graded for the future widening of the trail by the City to 10 feet in width, from Rigden Parkway west, across the Timberline Church PUD property and a 10 foot wide bridge across the regional drainage channel, and a 10 foot wide trail connecting to the existing sidewalk in the Pinecone Apartments PUD. Construction of the trail shall be done in a timely manner; and continuous work, excluding weather related delays, shall be performed. If the City determines that ongoing, continuous construction of the trail is not occurring, the City may withhold building permits and/or certificates of occupancy to ensure performance. Upon completion of the 10 foot wide bridge across the regional drainage channel and the 10 foot wide portion of trail on the Pinecone Apartments PUD, acceptance of such improvements by the City, and submittal of: (1) an invoice from the installing developer's engineer or construction manager for any engineering design services for the project, (2) the contractor's application for final payment approved by the installing developer's 13 engineer or construction manager, (3) a letter from the installing developer and/or contractor certifying that final payment has been received by the contractor, and (4) a letter from the installing developer and/or engineer certifying that final payment of engineering fees has been made, then the City Parks and Recreation Department shall reimburse the developer for 100 percent of the cost of the installation of the bridge and the 10 foot trail on the Pinecone Apartments PUD. The developer may apply to the City for a reimbursement agreement for the portion of trail constructed on the property to the west of Rigden Farm Filing One (Timberline Church PUD) in accordance with the provisions of Section 3.3.2(F) of the Land Use Code. 2. The developer agrees to provide a design for the trail on the property to the west of Rigden Farm (currently submitted to the City for review as the 'Timberline Church PUD") and a bridge design for the bridge crossing the channel in accordance with the agreed upon alignment of the trail system. Said design shall be submitted to the City for review and approval prior to the issuance of any building permits in this Development. Said plans shall be made a part of the final approved plans for this Development. H. Development Construction Permit 1. The Developer shall apply for and obtain a Development Construction Permit for this Development, in accordance with Division 2.6 of the Land Use Code (or Section 29-12 of the Transitional Land Use Regulations, if applicable), prior to the Developer commencing construction. The Developer shall pay the required fees for said Permit and construction inspection, and post securityto guarantee completion of the public improvements required for this Development, prior to issuance of the Development Construction Permit. I. Maintenance and Repair Guarantees 1. The Developer agrees to provide a two-year maintenance guarantee and a five-year repair guarantee covering all errors or omissions in the design and/or construction of the public improvements required for this Development, which guarantees shall run concurrently and shall commence upon the date of completion of the public improvements and acceptance thereof by the City. More specific elements of these guarantees are noted in Exhibit"C." Securityforthe maintenance guarantee and the repair guarantee shall be as provided in Section 3.3.2(C) of the Land Use Code, or Section 29-14 of the Transitional Land Use Regulations, as applicable. Notwithstanding the provisions of paragraphs III (H) and (1) of this Agreement to the contrary, the obligations of the Developer pursuant to this paragraph and Exhibit "C" may not be assigned to transferred to any other person or entity unless the warranted improvements are completed by, and a letter of acceptance of the warranted improvements is received from the City by, such other person or entity. The City agrees that the security for the 2 year maintenance guarantee shall be 5% of the value of the Public Improvements. 14 2. The Developer has the option of filing progress and acceptance certifications for completed work requiring bonds, letters of credit, or other approved forms of escrow. The City agrees to incrementally release the escrow held upon acceptance of components of the work by the Developer. J. Natural Resources The Developer shall be responsible for all seeded areas fora minimum of two (2) growing seasons from the date of completion or until the plant establishment criteria set forth below is meat. All seeded areas shall be inspected jointly by the Developer and the City at specified intervals. Areas seeded in the spring shall be inspected for required coverage the following fall not later than October 1. Areas seeded at any other time shall be inspected the following two summers not later than August 1. The required coverage for the first inspection shall be ten (10) viable live seedlings of the specified species per 1000 square centimeters (approximately one square foot), or fifty percent (50%) coverage of the specified foliage as measured from five feet (5') directly overhead, with no bare spots larger than 1000 square centimeters. At the time of the second growing season inspection, there shall be seventy-five percent (75%) foliage cover of the specified species planted as measured from five feet (5') directly overhead. No more than ten percent (10%) of the species noted on the site may be weedy species as defined by Article III, Section 20-41 of the Code of the City of Fort Collins. Determination of required coverage will be based on fixed transects each ten meters in length, randomly placed in representative portions of the seeded areas, with plant species or bare ground/rock/litter being noted every ten (10) centimeters along each transect. The Developer shall warrant all seeded areas for two growing seasons from the date of completion. The Developer shall rework and reseed per original specifications any areas that are dead, diseased, contain too many weedy species, or fail to meet the coverage requirement at no additional cost to the City. III. Miscellaneous A. The Developer agrees to provide and install, at its expense, adequate barricades, warning signs and similar safety devices at all construction sites within the public right-of-way and/or other areas as deemed necessary by the City Engineer and Traffic Engineer in accordance with the City's "Work Area Traffic Control Handbook" and shall not remove said safety devices until the construction has been completed . B. As required pursuant to Chapter 20, Article IV of the City Code, the Developer shall, at all times, keep the public right-of-way free from accumulation of waste material, rubbish, or building materials caused by the Developer's operation, or the activities of 15 individual builders and/or subcontractors; shall remove such rubbish as often as necessary, but no less than daily and; at the completion of the work, shall remove all such waste materials, rubbish, tools, construction equipment, machinery, and surplus materials from the public right-of-way. The Developer further agrees to maintain the finished street surfaces so that they are free from dirt caused by the Developer's operation or as a result of building activity. Any excessive accumulation of dirt and/or construction materials shall be considered sufficient cause for the City to withhold building permits and/or certificates of occupancy until the problem is corrected to the satisfaction of the City Engineer. If the Developer fails to adequately clean such streets within two (2) days after receipt of written notice, the City may have the streets cleaned at the Developer's expense and the Developer shall be responsible for prompt payment of all such costs. The Developer also agrees to require: all contractors within the Development to keep the public right-of-way clean and free from accumulation of dirt, rubbish, and building materials. C. The Developer hereby agrees that it will require its contractors and subcontractors to cooperate with the City's construction inspectors by ceasing operations when winds are of sufficient velocity to create blowing dust which, in the inspector's opinion, is hazardous to the public health and welfare. D. The Developer shall, pursuant to the terms of this Agreement, complete all improvements and perform all other obligations required herein, as such improvements or obligations may be shown on the final development plan documents, or any documents executed in the future that are required by the City for the approval of an amendment to a development plan, and the City may withhold such building permits and certificates of occupancy as it deems necessary to ensure performance in accordance with the terms of this Development Agreement. The processing and "routing for approval" of the various development plan documents may result in certain of said documents carrying dates of approval and/or execution that are later than the date of execution of this Development Agreement or the Memorandum Of Agreement (if any) recorded to give record notice of this Agreement. The developer hereby waives any right to object to any such discrepancy in dates. E. Nothing herein contained shall be construed as a waiver of any requirements of the City Code, Land Use Code, or Transitional Land Use Regulations (as applicable) and the Developer agrees to comply with all requirements of the same. F. In the event the City waives any breach of this Agreement, no such waiver shall be held or construed to be a waiver of any subsequent breach hereof. G. Financial obligations of the City of Fort Collins payable after the current fiscal year and/or not appropriated or budgeted are contingent upon funds forthat purpose being appropriated, budgeted and otherwise made available by the Fort Collins City Council. H. This Agreement shall run with the Property and shall be binding upon and inure to the benefit of the parties hereto, their respective personal representatives, heirs, 16 successors, grantees and assigns. It is agreed that all improvements required pursuant to this Agreement touch and concern the Property regardless of whether such improvements are located on the Property. Assignment of interest within the meaning of this paragraph shall specifically include, but not be limited to, a conveyance or assignment of any portion of the Developer's legal or equitable interest in the Property, as well as any assignment of the Developer's rights to develop the Property under the terms and conditions of this Agreement. I. In the event the Developer transfers title to the Property is thereby divested of all equitable and legal interest in the Property, the Developer shall be released from liability under this Agreement with respect to any breach of the terms and conditions of this Agreement occurring after the date of any such transfer of interest. In such event, the succeeding property owner shall be bound by the terms of this Agreement. J. Each and every term of this Agreement shall be deemed to be a material element hereof. In the event that either party shall fail to perform according to the terms of this Agreement, such party may be declared in default. In the event that a party has been declared in default hereof, such defaulting party shall be given written notice specifying such default and shall be allowed a period of ten (10) days within which to cure said default. In the event the default remains uncorrected, the party declaring default may elect to: (a) terminate the Agreement and seek damages; (b) treat the Agreement as continuing and require specific performance or; (c) avail itself of any other remedy at law or equity. K. In the event of the default of any of the provisions hereof by either party which shall require the party not in default to commence legal or equitable action against said defaulting party, the defaulting party shall be liable to the non -defaulting party for the non - defaulting party's reasonable attorney's fees and costs incurred by reason of the default. Nothing herein shall be construed to prevent or interfere with the City's rights and remedies specified in Paragraph III.D of this Agreement. L. Except as may be otherwise expressly provided herein, this Agreement shall not be construed as or deemed to be an agreement for the benefit of any third party or parties, and no third party or parties shall have any right of action hereunder for any cause whatsoever. M. It is expressly understood and agreed by and between the parties hereto that this Agreement shall be governed by and its terms construed under the laws of the State of Colorado and the City of Fort Collins, Colorado. N. Any notice or other communication given by any party hereto to any other party relating to this Agreement shall be hand -delivered or sent by certified mail, return receipt requested, addressed to such other party at their respective addresses as set forth below; and such notice or other communication shall be deemed given when so hand -delivered or three (3) days after so mailed: 17 If to the City: Engineering Development Review City of Fort Collins P.O. Box 580 Fort Collins, Co 80522 With a copy to: City Attorney's Office City of Fort Collins P.O. Box 580 Fort Collins, Co 80522 If to the Developer: Rigden Development, LLC c/o Dave Pietenpol 1027 W. Horsetooth Rd, Suite 200 Fort Collins, Co 80526 With a copy to: Wheeler Construction Services, LLC c/o Scott Griffin 1027 W. Horsetooth Rd, Suite 200 Fort Collins, Co 80526 If to the Owner: Rigden Farm, LLC c/o Dave Pietenpol 1027 W. Horsetooth Rd, Suite 200 Fort Collins, Co 80526 With a copy to: Spring Creek Farms Limited Liability Company c/o Glen Johnson 3432 Carlton Ave Fort Collins, Co 80525 Notwithstanding the foregoing, if any partyto this Agreement, or their successors, grantees or assigns, wishes to change the person, entity or address to which notices under this Agreement are to be sent as provided above, such party shall do so by giving the other parties to this Agreement written notice of such change. O. When used in this Agreement, words of the masculine gender shall include the feminine and neuter gender, and when the sentence so indicates, words of the neuter gender shall refer to any gender; and words in the singular shall include the plural and vice versa. This Agreement shall be construed according to its fair meaning, and as if prepared by all parties hereto, and shall be deemed to be and contain the entire understanding and agreement between the parties hereto pertaining to the matters addressed in this Agreement. There shall be deemed to be no other terms, conditions, promises, understandings, statements, representations, expressed or implied, concerning this Agreement, unless set forth in writing signed by all of the parties hereto. Further, IF paragraph headings used herein are for convenience of reference and shall in no way define, limit, or prescribe the scope or intent of any provision under this Agreement. P. The Owner is made a party to this Agreement solely for the purpose of subjecting the Property to the covenants contained in this Agreement. The City and the Developer expressly acknowledge and agree that the Owner shall not be liable for any obligations of the Developer under this Agreement, unless the Owner were to exercise any of the rights of the Developer in which event the obligations of the Developer shall become those of the Owner. ATTEST: City Clerk APPROVED AS TI O CONTENT: I City Enginder APPROVED AS TO FORM: ZGCGtI t� Deputy City Attorney THE CITY OF FORT COLLINS, COLORADO, a Municipal Corporation 'CityMahag�f% (' � DEVELOPER: Rigden Development, LLC, a Colorado Limited Liability Company By: Sierra Resources Corporation, Manager of Rigden Farm, LLC / David J. etenpol, President 19 Developer pertaining to the Property. For the purposes of this Agreement, "development activities" shall include, but not be limited to, the following: (1) the actual construction of improvements, (2) obtaining a permit therefor, or (3) any change in grade, contour or appearance of the Property caused by, or on behalf of, the Developer with the intent to construct improvements thereon. B. All water lines, sanitary sewer collection lines, storm sewer lines and facilities, streets, curbs, gutters, sidewalks, and bikepaths shall be installed as shown on the approved utility plans and in full compliance with the standards and specifications of the City on file in the office of the City Engineer at the time of approval of the utility plans relating to the specific utility, subject to a three (3) year time limitation from the date of execution of this Agreement. In the event that the Developer commences or performs any construction pursuant hereto after the passage of three (3) years from the date of execution of this Agreement, the Developer shall resubmit the utility plans to the City Engineer for reexamination. The City may then require the Developer to comply with the approved standards and specifications of the City on file in the office of the City Engineer at the time of the resubmittal. C. No building permit for the construction of any structure within the Property shall be issued by the City until the public water lines and stubs to each lot, fire hydrants, sanitary sewer lines and stubs to each lot, and public streets (including curb, gutter, and pavement with at least the base course completed) serving such structure have been completed and accepted by the City. No building permits shall be issued for any structure located in excess of six hundred and sixty feet (660') from a single point of access, unless the structures contain sprinkler systems that are approved by the Poudre Fire Authority. D. Any water lines, sanitary sewer lines, storm drainage lines, and/or streets described on Exhibit "A," attached hereto, shall be installed within the time and/or sequence required on Exhibit "A." If the City Engineer has determined that any water lines, sanitary sewer lines, storm drainage facilities and/or streets are required to provide service or access to other areas of the City, those facilities shall be shown on the utility plans and shall be installed by the Developer within the time as established under "Special Conditions" in this document. E. Except as otherwise herein specifically agreed, the Developer agrees to install and pay for all water, sanitary sewer, and storm drainage facilities and appurtenances, and all streets, curbs, gutters, sidewalks, bikeways and other public improvements required by this Development as shown on the approved final development plan documents and other approved documents pertaining to this Development on file with the City. F. Street improvements shall not be installed until all utility lines to be placed therein have been completely installed, including all individual lot service lines leading in and from the main to the property line. G. The installation of all utilities shown on the final development plan documents 2 By: Wolverine Management Group, Inc., Manager of Rigden Farm, LLC red L. Croci, P sident OWNER: Rigden Farms, LLC, a Colorado Limited Liability Company By: Sierra Resources Corporation, Manager of Rigden Farm, LLC r David JrPiefenpol, President By: Wolverine Management Group, Inc., Manager of Rigden Farm, LLC Fred L. Croci, reside Spring Creek Farms Limited Liability Company, a Colorado yliar ited liability company By: zc�'�1 Glen son, Co -Manager Alvin C. Johnson, Co -Manager EXHIBIT "A" Schedule of water lines to be installed out of sequence. Not Applicable. 2. Schedule of sanitary sewer lines to be installed out of sequence. Not Applicable. 3. Schedule of street improvements to be installed out of sequence. Not Applicable 4. Schedule of storm drainage improvements to be installed out of sequence. Not Applicable. 21 EXHIBIT "B" Not Applicable 22 EXHIBIT "C" MAINTENANCE GUARANTEE: The Developer hereby warrants and guarantees to the City, for a period of two (2) years from the date of completion and acceptance by the City of the public improvements warranted hereunder, the full and complete maintenance and repair of the public improvements constructed for this Development. This warranty and guarantee is made in accordance with the City of Fort Collins Land Use Code and/or the Transitional Land Use Regulations, as applicable. This guarantee applies to the streets and all other appurtenant structures and amenities lying within the rights -of -way, easements and other public properties, including, without limitation, all curbing, sidewalks, bike paths, drainage pipes, culverts, catch basins, drainage ditches and landscaping. Any maintenance and/or repair required on utilities shall be coordinated with the owning utility company or city department. The Developer shall maintain said public improvements in a manner that will assure compliance on a consistent basis with all construction standards, safety requirements and environmental protection requirements of the City. The Developer shall also correct and repair, or cause to be corrected and repaired, all damages to said public improvements resulting from development -related or building -related activities. In the event the Developer fails; to correct any damages within thirty (30) days after written notice thereof, then said damages may be corrected by the City and all costs and charges billed to and paid by the Developer. The City shall also have any other remedies available to it as authorized by this Agreement. Any damages which occurred prior to the end of said two (2) year period and which are unrepaired at the termination of said period shall remain the responsibility of the Developer. REPAIR GUARANTEE: The Developer agrees to hold the City of Fort Collins, Colorado, harmless for a five (5) year period, commencing upon the date of completion and acceptance by the City of the public improvements constructed for this Development, from any and all claims, damages, or demands arising on account of the design and construction of public improvements of the property shown on the approved plans and documents for this Development; and the owner furthermore commits to make necessary repairs to said public improvements, to include, without limitation, the roads, streets, fills, embankments, ditches, cross pans, sub -drains, culverts, walls and bridges within the right-of-way easements and other public properties, resulting from 23 failures caused by design and/or construction defects. This agreement to hold the City harmless includes defects in materials and workmanship, as well) as defects caused by or consisting of settling trenches, fills or excavations. Further, the Developer agrees that the City shall not be liable to the Developer during the warranty period, for any claim of damages resulting from negligence in exercising engineering techniques and due caution in the construction of cross drains, drives, structures or buildings, the changing of courses of streams and rivers, flooding from natural creeks and rivers, and any other matter whatsoever on private property. Any and all monetary liability occurring under this paragraph shall be the liability of the Developer. The: obligations of the Developer pursuant to the "maintenance guarantee" and "repair guarantee" provisions set forth above may not be assigned or transferred to any other person or entity unless the warranted improvements are completed by, and a letter of acceptance of the warranted improvements is received from the City by, such other person or entity. `zI shall be inspected by the Engineering Department of the City and shall be subject to such department's approval. The Developer agrees to correct any deficiencies in such installations in order to meet the requirements of the plans and/or specifications applicable to such installation. In case of conflict, the final development plan documents shall supersede the standard specifications. H. All storm drainage facilities shall be so designed and constructed by the Developer as to protect downstream and adjacent properties against injury and to adequately serve the Property (and other lands as may be required, if any). The Developer shall meet or exceed the minimum requirements for storm drainage facilities as have been established by the City in its Drainage Master Plans and Design Criteria. The Developer does hereby indemnify and hold harmless the City from any and all claims that might arise, directly or indirectly, as a result of the discharge of injurious storm drainage or seepage waters from the Property in a manner or quantity different from that which was historically discharged and caused by the design or construction of the storm drainage facilities, except for (1) such claims and damages as are caused by the acts or omissions of the City in maintenance of such facilities as have been accepted by the City for maintenance; (2) errors, if any, in the general concept of the City's master plans (but not to include any details of such plains, which details shall be the responsibility of the Developer); and (3) specific written or otherwise documented directives that may be given to the Developer by the City. The City agrees to give notice to the Developer of any claim made against it to which this indemnity and hold harmless agreement by the Developer could apply, and the Developer shall have the right to defend any lawsuit based on such claim and to settle any such claim provided Developer must obtain a complete discharge of all City liability through such settlement. Failure of the City to give notice of any such claim to the Developer within ninety (90) days after the City first receives a notice of such claim under the Colorado Governmental Immunity Act for the same, shall cause this indemnity and hold harmless agreement by the Developer to not apply to such claim and such failure shall constitute a release of this indemnity and hold harmless agreement as to such claim. Approval of and acceptance by the: City of any storm drainage facility design or construction shall in no manner be deemed to constitute a waiver or relinquishment by the City of the aforesaid indemnification. The Developer shall engage a Colorado licensed professional engineer to design the storm drainage facilities as aforesaid and it is expressly affirmed hereby that such engagement shall be intended for the benefit of the City, and subsequent purchasers of property in the Development. I. The Developer shall pay storm drainage basin fees in accordance with Chapter 26, Article VII of the City Code. Storm drainage improvements eligible for credit or City repayment under the provisions of Chapter 26 are described together with the estimated cost of the improvements on the attached Exhibit "B," which improvements, if applicable, shall include right-of-way, design and construction costs. See Section II.C, Special Conditions, Storm Drainage Lines and Appurtenances, for specific instructions. J. The Developer shall provide the City Engineer with certified Record Plan Transparencies on Black Image Diazo Reverse Mylars upon completion of any phase of K, the construction. Utilities will not be initially accepted prior to as -built drawings being submitted to and approved by the City of Fort Collins. K. The Developer specifically represents that to the best of its knowledge all portions of the Property dedicated (both in fee simple and as easements) to the City associated with this Development are in compliance with all environmental protection and anti -pollution laws, rules, regulations, orders or requirements, including solid waste requirements, as defined by the U. S. Environmental Protection Agency Regulations at 40 C.F.R., Part 261, and that such portions of the Property as are dedicated to the City pursuant to this Development, are in compliance with all such requirements pertaining to the disposal or existence in or on such dedicated property of any hazardous substances, pollutants or contaminants, as defined by the Comprehensive Environmental Response Compensation and Liability Act of 1980, as amended, and regulations promulgated thereunder. The Developer does hereby indemnify and hold harmless the City from any liability whatsoever that may be imposed upon the City by any governmental authority or any third party, pertaining to the disposal of hazardous substances, pollutants or contaminants, and cleanup necessitated by leaking underground storage tanks, excavation and/or backfill of hazardous substances, pollutants or contaminants, or environmental cleanup responsibilities of any nature whatsoever on, of, or related to any property dedicated to the City in connection with this Development, provided that such damages or liability are not caused by circumstances arising entirely after the date of acceptance by the City of the public improvements constructed on the dedicated property, except to the extent that such circumstances are the result of acts or omissions of the Developer. Said indemnification shall not extend to claims, actions or other liability arising as a result of any hazardous substance, pollutant or contaminant generated or deposited by the City, its agents or representatives, upon portions of the Property dedicated to the City in connection with this Development. The City agrees to give notice to the Developer of any claim made against it to which this indemnity and hold harmless agreement by the Developer could apply, and the Developer shall have the right to defend any lawsuit based on such claim and to settle any such claim provided Developer must obtain a complete discharge of all City liability through such settlement. Failure of the City to give notice of any such claim to the Developer within ninety (90) days after the City first receives a notice of such claim under the Colorado Governmental Immunity Act for the same, shall cause this indemnity and hold harmless agreement by the Developer to not apply to such claim and such failure shall constitute a release of this indemnity and hold harmless agreement as to such claim. II. Special Conditions A. Water Lines 1. Prior to the issuance of any building permit(s) for this Development, the Developer shall, it accordance with Section 26-121 of the City Code, reimburse the City the sum of $42,68 2.90, plus inflation, for the cost of installation of the Developer's portion of the Drake Road/CR 9 24-inch water main. This reimbursement is based upon the front 2 footage of the water main (1,856.27 feet) which is adjacent to portions of Rigden Farm - Filing One. Additional reimbursements will be due with future filings of the property encompased by the Rigden Farm Overall Development Plan (hearafter, "the ODP Property"). The inflation shall be calculated based upon the Construction Cost Index for Denver as published in the Engineering News Record (ENR) of December 1, 1997 (4329.24), as described below. (ENR index at time of payment) - 4329.24 %Added = 4329.24 * t 00 The total amount due shall be $42,682.90 plus (% Added). Said amount added to compensate for inflation shall not reduce the total (principal) amount due. B. Sewer Lines Not Applicable C. Storm Drainage Lines and Appurtenances 1. The Developer and the City agree that all on -site and off -site storm drainage improvements, as shown on the approved final development plan documents, shall be completed by the Developer in accordance with said final development plan documents prior to the issuance of more than 31 building permits in this Development. Completion of improvements shall include the certification by a professional engineer licensed in Colorado that the drainage facilities which serve this Development have been constructed in conformance with said final development plan documents. Said certification shall be submitted to the City at least two weeks prior to the date of issuance of any more than 31 building permits for the Development. It is also agreed that in the event a design is completed and approved by the City of Fort Collins for a future filing of the Rigden Farm that modifies any portion of the interim drainage system associated with the Rigden Farm 1" Filing final development plans, then those modified drainage improvements would be excluded from the certification requirement of the Rigden Farm 1" Filing and would be only certified as part of the future Rigden Farm filing as modified. 2. The developer shall be responsible for maintaining the structural integrity and operational functions of all drainage facilities throughout the build -out of this Development. If at any time following certification (as required pursuant to paragraph one (1) above) of said drainage facilities and during the construction of structures and /or lots within this Development the City deems that said drainage facilities no longer comply with the approved plans, the developer shall bring such facilities back up to the standards and specifications as shown on the approved plans. Failure to maintain the structural integrity and operational function of said drainage facilities following certification shall result in the withholding of the issuance of additional building permits and/ or certificates of occupancy 5 until such drainage facilities are repaired to the operational function and structural integrity which was approved by the City. 3. The Developer agrees to provide and maintain erosion control improvements as :shown on the approved final development plan documents to stabilize all over -lot grading in and adjacent to this Development. The Developer shall also be required to post a security deposit in the amount of $ 170,785.00 prior to beginning construction to guarantee the proper installation and maintenance of the erosion control measures shown on the approved final development plan documents. Said security deposit(s) shall be made in accordance with the criteria set forth in the City's Storm Drainage Design Criteria and Construction Standards (Criteria). If, at any time, the Developer fails to abide by the provisions of the approved final development plan documents or the Criteria, notwithstanding any provisions contained in paragraph III(J) to the contrary, the City may enter upon the Property for the purpose of making such improvements and undertaking such activities as may be necessary to ensure that the provisions of said plans and the Criteria are properly enforced. The City may apply such portion of the security deposit(s) as may be necessary to pay all costs incurred by the City in undertaking the administration, construction, and/or installation of the erosion control measures required by said plans and the Criteria. In addition, the City shall have the option to withhold (building permits and certificates of occupancy, as stated in Paragraph III.D of this Agreement, as it deems necessary in orderto ensure that the Developer installs and maintains the erosion control measures throughout the buildout of this Development. 4. The Developer and the City agree that it is important that all lots be graded to drain in the configuration shown on the approved final development plan documents. For this reason the following additional requirements shall be followed for building on all Lots: Prior to the issuance of a certificate of occupancy for each lot the Developer shall provide the City with certification that the lot has been graded correctly (including the grading of any minor swales, if applicable); the lot corner elevations specified on the approved final development plan documents are correct and in accordance with the approved final development plan documents; and the minimum floor elevation (wherever applicable) for all buildings constructed on said lot has been completed in accordance with the approved final development plan documents. The certification of all finished floor elevations and finished lot grades shall show that the elevation of homes built on any lot in this subdivision and the lot grading is in compliance with the approved grading plan, however; there can be some variation of the finished floor and finished grade elevations to increase these elevations above those specified on the grading plan as long as the intent of the grading plan is maintained and as long as the new elevations do not negatively impact any adjacent property. Said certification shall be completed by a Colorado licensed professional engineer and shall be submitted to the City at least two weeks prior to the date of issuance of the desired certificate of occupancy. 11 5. The Developer shall obtain the City's prior approval of any changes from the approved final development plan documents in grade elevations and/or storm drainage facility configuration that occur as a result of the construction of houses and/or development of lots, whether by the Developer or other parties. The City reserves the right to withhold the issuance of building permits and certificates of occupancy for this Development until the City has approved such changes as being acceptable for the safe and efficient delivery of storm drainage water. 6. The Developer and the City agree that the Developer is obligated to maintain all on -site storm drainage facilities not accepted for maintenance by the City and all off -site storm drainage facilities not accepted for maintenance by the City serving this Development and outside of the public rights -of -way. 7. The Developer and the City agree to work cooperatively on integrating the design and construction of the City's North Tributary Storm Sewer system with the design and construction of the Rigden Farm storm drainage system. Both parties agree to a multiple phase program which will eventually result in the transport of drainage waters from regional upstream basins feeding the North Tributary pipeline and from part of the ODP Property, through a future lake on the ODP Property, under the Fossil Creek Reservoir Inlet Ditch and out to the Poudre River through the property that lies east of County Road 9. 8. Concurrently with the Rigden Farm First Filing construction, and prior to the acceptance of the drainage infrastructure on the Rigden Farm First Filing property the Developer and the City agree that the Developer shall construct on the Property interim drainage improvements that shall be modified with the future filings of the ODP Property. 9. In conjunction with the Rigden Farm First Filing the City agrees to: a. Engineer and pay for the design and construction of the North Tributary Storm Sewer from any point upstream of the first point of connection from the ODP Property into this storm sewer system. b. Participate in the design and construction of the interim drainage system through the ODP Property. The City shall pay for all the design and construction costs of the revised alignment of the North Tributary Storm Sewer. If that cost does not exceed the sum of $407,231.00 (which is the agreed upon estimated cost of the original sewer alignment taking the sewer South along Rigden Parkway) then the City shall contribute the difference between that sum and its actual design and construction costs for the revised alignment, to future proposed drainage improvements on the ODP Property that would be associated with future Rigden Farm filings (such as the siphon under the Fossil Creek Reservoir Inlet Ditch and County Road 9). If that cost exceeds the sum of $407,231.00 then the City shall have no future obligations for any contribution to the cost of that siphon or any other drainage improvements associated with future Rigden Farm filings. Any and all of these costs would be borne entirely by the Developer. 7 c. Vacate the 30--foot wide drainage easement that runs north to south from Drake Road to the Foothills [Regional Channel (recorded at Reception #94069705 of the Larimer County Records). Said easement vacation shall be granted without charge to the Developer. d. Coordinate the placement and compaction of the soil cover provided by the Developer for the portion of the North Tributary Storm Sewer that is downstream of the first connection with the Rigden Farm. The City shall pay for such soil placement and compaction as part of the North Tributary Storm Sewer construction contract. e. Agree to the future modification and/or vacation of the floodplain easements on the eastern part of the ODP Property to reflect the revised floodplain easements as needed. These easements vacations and/or modifications will be provided without charge to the Developer. Said floodplain easements are recorded at Reception # 97025609 of the Larimer County Records. 10. In conjunction with the Rigden Farm First Filing, the Developer agrees to: a. Participate in the design and construction of the interim drainage system from the first point of connection from the CDP Property into the North Tributary Storm Sewer, to the Fossil Creek Reservoir Inlet Ditch. The Developer shall pay for its own engineer's design costs while the City shall pay for its engineer's design costs. b. Grant all necessary easements at mutually agreed locations on the C DP Property that would be needed by the City to construct the North Tributary Storm Sewer and the joint drainage system on the Rigden Farm property. Said easements shall be granted without charge to the City. c. Coordinate with the design and construction of the North Tributary Storm Sewer to supply soil for cover and fill over this storm sewer. The location where the fill would be provided shall be limited to the section of pipe downstream of the first Rigden Farm connection. The specific location and amount of fill shall be determined as design progresses. The Developer shall provide the soil material necessary for the fill without charge to the City. D. Streets 1. Subject to the conditions of this Agreement, the City agrees to reimburse the Developer for oversizing public street improvements along Custer Drive, Rigden Parkway, Timberline Road and Drake Road for those portions of said street abutting the Property as shown on the approved final development plan documents. Reimbursement for Custer Drive and Rigden Parkway shall be for oversizing the street from local (access) standards to collector standards. Reimbursement for Timberline Road shall be for oversizing the street overlot grading and/or placement of other onsite materials from local [: (access) standards to major arterial standards. Reimbursement for Drake Road shall be for oversizing the street overlot grading and/or placement of other onsite materials from local (access) standards to minor arterial standards. The City shall make reimbursement to the Developer for the aforesaid oversized street improvements in accordance with Section 24-112 of the Code of the City. The Developer agrees and understands that the City shall have no obligation to make reimbursement payments for street oversizing unless funds for such payments shall first have been budgeted and appropriated from the Street Oversizing Fund by the City Council; and the Developer further understands that to the extent that funds are not available for such reimbursement, the City may not, in the absence of the Developer's agreement, require the construction, at the Developer's expense, of any oversized portion of streets not reasonably necessary to offset the traffic impacts of the Development. The Developer does hereby agree to construct the aforesaid oversized street improvements with the understanding that the Developer may not be fully reimbursed by the City for the cost of such construction. The Developer further agrees to accept payment in accordance with Section 24-112 (d) of the Code of the City as full and final settlement and complete accord and satisfaction of all obligations of the City to make reimbursements to the Developer for street oversizing expenses. It is anticipated by the City that the City's reimbursement, in accordance with Section 24-112 (d), would not be less than fifty percent (50%) of the Developer's actual expenses incurred and will be calculated in accordance with the formula as set forth in Section 24-112 (d). 2. It is understood that the improvements that are to be constructed in the public right-of-way as described in this Section II(D) are "City improvements" (as defined below) and, as such, any contract for the construction of the same must be executed in writing. If the cost of such improvements exceeds the sum of Thirty Thousand Dollars ($30,000), the contract for the construction of the same must be submitted to a competitive bidding process resulting in an award to the lowest responsible bidder; and evidence must be submitted to the City prior to the commencement of the work showing that the award was given to the lowest responsible bidder. If the cost of such improvements exceeds Fifty Thousand Dollars ($50,000), the contract for the construction of the improvements must be insured by a performance bond or other equivalent security. For purposes of this paragraph, the term "City improvements" shall mean either (1) existing improvements owned by the City that are to be modified or reconstructed, or (2) any improvements funded in whole or in part by the City. 3. The Developer and the City agree that the Developer is responsible for all costs for the initial installation of traffic signing and striping for this Development related to the Development's local street operations. In addition the Developer is responsible for all costs for traffic signing and striping related to directing traffic access to and from the Development (e.g., all signing and striping for a right turn lane into the Development site). 4. Following completion of all public infrastructure improvements, the Developer shall continue to have responsibility for maintenance and repair of said improvements in accordance with Sections 2.2.3, 3.3.1 and 3.3.2 of the Land Use Code of the City. 9