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HomeMy WebLinkAboutSIDEHILL FILING TWO - Filed DA-DEVELOPMENT AGREEMENT - 2005-12-21Citv of Fort Collins DEVELOPMENT AGREEMENT THIS AGREEMENT, is made and entered into this ile day of Aobos-r 2005, by and between the CITY OF FORT COLLINS, COLORADO. a Municipal Corporation, hereinafter referred to as the "City and POSTLE DEVELOPMENT COMPANY, a Colorado Corporation, hereinafter referred to as the "Developer",and SIDEHILL INC., a Colorado Corporation, hereinafter referred to as the "Owner" WITNESSETH: WHEREAS, the Developer has acquired or will acquire from the Owner the rights to develop 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: Sidehill — Filing Two, a replat of Outlet A and Outlet B, Sidehill — Filing One, located in Section 20, 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 Citys development application submittal requirements master 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 voll 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 I ands to be developed and not to the City of Fort Collins as a p✓hcle: 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 adequacv of wnich are herebv acknowledged, it is agreed as follows: 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). Notwithstanding the foregoing, the parties anticipate that the City will undertake the design and construction of the Timberline improvements using, in part, funds of the Developer, in accordance with Paragraphs II(D)(3) through II(D)(7) below, in which event the reimbursement provisions of this paragraph would not be applicable. 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) arid, 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 understands that the City's Adequate Public Facilities ("APF") provision applies to this Development as set forth in Section 3.7.3 of the City's Land Use Code (' LUC"). Accordingly, while this Development may proceed with construction of the on -site and off -site infrastructure improvements as shown on the Final Development Plan Documents. no building permits shall be issued for the Development until the provisions of said Section 3.7.3 of the LUC have been satisfied. Accordingly, certain improvements must be made to the Prospect/Timberline intersection to increase the capacity of that intersection to service levels that will accommodate the traffic impacts of the Development. While the City has these improvements programmed into the City's Capital Improvement Program, that project is unfunded and urscheduled at this time. Therefore, in order to satisfy the above - referenced APF-equirement, if the Developer proceeds with the Development, the Developer has elected to fund the City's share of the capacity improvements that must be made to the ProspectMmberline intersection (the "APF Improvements"). excluding street oversizing improvements. The arrangement under which the Developer intends to provide said funding is set forth in Paragraphs II(D)(3) through II(D)(7) of this Agreement. If the Developer provides the funding as specified therein, the City will construct the APF Improvements at such time as it determines, in its sole discretion, that the funding provided by the Deve!oper, in combination with such other funds as the City may consider necessary, is adequate to fully fund the scope of improvements that the City wishes to make. The cost of the APF Improvements that will need to be paid by the Developer will not exceed 32,500,000. in order to proceed with the Development. the Developer has posted a bond with the City for the original estimated amount of out of this Development, the Developer shall provide and maintain at all times an accessway to said building or buildings. Such accessway shall be adequate to handle any emergency vehicles or equipment, and the accessway shall be kept open during all phases of construction. Such accessway shall be constructed to an unobstructed width of at least 20 feet with 4 inches of aggregate base course material compacted according to city standards and with an 80 foot diameter turnaround at the building end of said accessway. The turnaround is not required if an exit point is provided at the end of the accessway. Prior to the construction of said accessway; a plan for the accessway shall be submitted to and approved by the Poudre Fire Authority and City Engineer. (Three plan sets shall be submitted to the Poudre Fire Authority at 102 Remington Street for review and processing.) If such accessway is at any time deemed inadequate by the Poudre Fire Authority or City Engineer, the accessway shall be promptly brought into compliance and until such time that the accessway is brought into compliance, the City and/or the Poudre Fire Authority may issue a stop work order for all or part of the Development. I. 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 security to guarantee completion of the public improvements required for this Development, prior to issuance of the Development Construction Permit. J. 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 "D." Security for the 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 "D" 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. 15 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 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 (or to the extent permitted by law, revoke) 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. 16 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. All financial obligations of the City arising under this Agreement that are payable after the current fiscal year are contingent upon funds for that purpose being annually appropriated, budgeted and otherwise made available by the Fort Collins City Council, in its discretion. 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, 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. 1. In the event the Developer transfers title to the Property and 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. Notwithstanding any provision hereof to the contrary, City's sole remedy in the event Developer fails to make the payments described in Paragraph II(D) of this Agreement shall be to withhold permits or approvals to Developer for the Development until such time as such payments are made or alternative sources for the funds described in Paragraph II(D)(3), in the form acceptable to the City, are provided. 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 17 f 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.J 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: 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: JamesCompany, a division of TOUSA Homes, Inc. 2919 Valmont Road, Suite 204 Boulder, CO 80301 Attn: Dan Wenzinger With a copy to: Ms. Catherine A. Hance, Esquire DAVIS, GRAHAM & STUBBS, LLP 1550 Seventeenth Street, Suite 500 Denver, CO 80202 If to the Owner: SIDEHILL ONE LLC Coronado West 301 West Warner, Suite 134 Tempe, AZ 85284 Attn: John Cork 18 AND POSTLE DEVELOPMENT COMPANY 6800 79t' Street, Suite 201 Niwot, CO 80503 Attn: Jim Postle, President With a copy to: Mr. Peter Gold 301 West Warner, Suite 134 Tempe, AZ 85284 Notwithstanding the foregoing, if any party to this Agreement, or its 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, 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 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. �1- THE CITY OF FORT COLLINS, COLORADO, a Municipal Corporation By: 1. & �- City M ager 19 APPROVED AS TO CO TENT: ftft]c t ,� City Engineer Ir APP�R�OVV S TO FORM: Deputy City Attorney DEVELOPER: JamesCompany, a division of TOUSA Homes, Inc., a Rna ida Corporation In Dan Wenzinger, xecutve Vice President, Operations OWNER: SIDEHILL ONE LLC, a Colorado limited liability company _ SIDEHILL/RIVO LLC, a Colorado limited liability company 20 07 Managing Member DEVELOPMENT COMPANY,a , President EXHIBIT "A" Schedule of electrical service installation. Electrical lines need to be installed prior to the installation of the sidewalk, curb returns, handicap ramps, paving and landscaping. If the Developer installs any curb return, sidewalk or handicap ramp prior to the installation of electrical lines in an area that interferes with the installation of the electrical line installation, the Developer shall be responsible for the cost of removal and replacement of those items and any associated street repairs. 2. Schedule of water lines to be installed out of sequence. Not Applicable. 3. Schedule of sanitary sewer lines to be installed out of sequence. Not Applicable. 4. Schedule of street improvements to be installed out of sequence. Not Applicable 5. Schedule of storm drainage improvements to be installed out of sequence. Not Applicable. 21 EXHIBIT "B" Not Applicable 22 EXHIBIT "C" A tract of land situate in the Southeast Y< of Section 19, Township 7 North, Range 68 West of the 6`h P.M., which considering the East line of the Northeast '/4 of said Section 19 as bearing S 00019'30" W and with all bearings contained herein relative thereto is contained within the boundary lines which begin at a point on the East line of the said Southeast Y< which bears S 00°29'55" W 367.93 feet from the East'/. corner of said Section 19 and run thence S 00°29'55" W 2284.06 feet to the Southeast corner of said Section 19; thence S 89°53'54" W 1056.80 feet along the South line of the said Southeast '/4 to a point on the East right of way line of the Union Pacific Railroad; thence N 00028'22" E 2276.85 feet along said East right of way line, thence N 89"30'30" E 1057.94 feet to the point of beginning, County of Larimer, State of Colorado. 23 EXHIBIT "D" MAINTENANCE GUARANTEE: The Developer hereby warrants and guarantees to the City, for a period of two (2) years from the date of completion and first 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 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 24 $2,300,000. In order to actually fund the construction of the APE Improvements, the Developer will substitute cash for the bond security as provided in Paragraph II(D)(6) below. Upon compliance with Paragraph II (D)(3) through II (D)(6) the Developer will have satisfied all of the APF requirements for the entire Sidehill Development. 4. Under Section 24-95 of the City Code, the Developer is also responsible for the construction of the local portion of Timberline Road adjacent to the Development. In lieu of actually constructing such local portion, the Developer may satisfy this obligation by making the following payment on or before August 15, 2005.to the City Engineering Department, in cash or certified check, the local street portion of Timberline Road for Filing Two and any balance remaining for Filing One. The amount to be paid under this provision shall be determined on the basis of the final design and estimate to be completed by the City. No building permit shall be issued for this Development until the Developer has paid in full the amount provided for in Paragraph II(D)(3). 5. The Developer has made an initial payment of its local street portion under Paragraph II(D)(4) above in the amount of $100,000. Said payment was paid in cash to the City Engineering Department to fund engineering and design work on the APF Improvements. Said payment ($100,000) shall be nonrefundable, whether or not the Develooer elects to proceed with the Development, but shall in any event be credited to the Developer's local street portion referenced in Paragraph II(D)(4) above. 6. The City contemplates bidding the construction contract for the Timberline Road improvements in the Summer of 2005. Accordingly, on or before August 1, 2005, the Developer hereby agrees to pay the total amount of cash required to be paid by the Developer to fund the APE Improvements as required under Paragraph II(D)(3) above. 7. The Developer has caused a petition to be filed with the City Council requesting the formation of a SID in order to provide a mechanism whereby the Developer can be reimbursed for financing the required APE improvements. The formation of the SID shall be solely at the discretion of the City Council, and the City in no way guarantees that the SID will, in fact, be established by the Council. If the Council does choose to establish the SID, the City will utilize the SID assessment payments of the property owners in the SID, including any SID payments made by the Developer as a benefited property owner in the District, to repay the Developer for the total amount actually paid by the Developer for the APE Improvements under this Agreement. If the SID is not established by the Council, the Developer shall continue to be obligated to satisfy the APF requirements in the manner described in Paragraphs II(D)(3) through II(D)(7) hereof in order for the Development to proceed, but only to the extent such APF requirements specifically apply to the Development. Those portions of the APF requirements applicable to the SC Group Investments, LLC Property (as hereinafter defined), if different from those applicable to the Development, shall be the responsibility of the developer of the SC Group Investments, LLC Property. If the Developer rails to satisfy such requirements with respect to the Development, the 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. 25 Development shall not proceed. Whether or not the SID is created, the parties agree that the Developer's posting of the security required under Paragraph II(D)(3) above, its replacement of the security with cash funds on or before August 1, 2005 under Paragraph II(D)(6) above, and its payment of its local street portion as provided in Paragraph II(D)(4) above, shall satisfy the APF requirements for the Development. Said payments shall also satisfy the APF requirements for the development of that certain neighboring parcel of real property shown on Exhibit °E," attached hereto and incorporated herein by this reference (the "SC Group Investments, LLC, Property")., provided, however, that said payments shall satisfy the APF requirements for the SC Group Investments, LLC Property only with regard to any development proposal submitted to the City for said property within five (5) years of the date of execution of this Agreement. 8. The Developer agrees that the Sharp Pointe Drive connection to Midpoint Drive is required for connectivity and circulation for this Development. The Developer is obligated to construct its local street portion of the Sharp Pointe Drive connection. In lieu of this construction and prior to the issuance of any building permit in Phase 3, the Developer shall provide an estimate prepared by a licensed engineer for the Clty's review and approval. In connection with Sidehill Filing One the Developer has made, or is in the process of making, an initial payment of its local street portion for Sharp Pointe Drive in the amount of $40,147.67. Upon the City's approval of said estimate, the Developer will be responsible for two-thirds of that total amount after receiving credit of the initial $40,147.67 paid under the Sidehill Filing One Agreement. Any payment made under this Paragraph shall be in the amount of said estimate plus such additional a-nount as is necessary to bring the estimate current, accounting for actual inflation costs. The inflation factor shall be calculated using the construction cost index for Denier as published in the Engineering News Record (ENR) of August 2005, and the same index published in the ENR in the month preceding payment of the reimbursement. The inflation factor (Inf. Fac.) for each year's increase in the amount of the fee shall be calculated using t-ie construction cost index for Denver as published in the Engineering News Record (ENR) for August 2005 , as the base index (1-base) and the same index published :n the ENR for the January in each succeeding year immediately preceding payment (1-year cf payment). The formula for calculating said inflation factors shall be as follows: Inf. Fac. _ (1-year of payment) - (1-base) (1-base) The amount to be added to the fee to compensate for inflation shall be equal to the amount of the fee times the inflation factor. Said amounts added to compensate for inflation shall not reduce the total (principal) amount due. Any interest earned by the Gty as a result o` 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. 12 9. No building permit for lot 5 of Block 8 shall be issued until Sharp Point Drive improvements along its frontage have been completed. 10. The Developer is responsible for constructing Song Bird Lane within the right-of-way dedicated as a part of this Development. In accordance with the Final Development Plan Documents the construction of Song Bird Lane will terminate at the curb returns south of Cutting Horse Drive. Since the Developer is responsible for the construction of the unhuilt portion of Song Bird Lane 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 Phase 3. 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 that 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 34% 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. 11. No building permits for lots 10 or 11 of Block 16 or lot 1 of Block 17 shall be issued until Song Bird Lane improvements have been completed along their frontage. 12. The landscaping located in the medians within Nancy Gray Avenue internal to this development shall not be maintained by the City and it is agreed that all installation, maintenance, operation, repair and reconstruction obligations relating to the landscaping and the irrigation of said landscaping shall be those of the Developer or the Developer's successor(s) in interest. To the extent that said landscaping and irrigation is ocated on public property, all installation, maintenance, operation, repair and reconstruction shall be conducted in such a manner that such public property shall not be damaged, or if damaged, shall be repaired in accordance with then existing City standards. 13. The landscaping located in the medians with outfall curb and gutter within Nancy Gray Avenue internal to this development shall be "drip" irrigated. "Spray" type irrigation is permissible only on medians with drainage inlet and Inflow curb and gutter as specified on the Final Development Plan Documents, 14. The Developer hereby indemnifies and holds the City harmless from any damage caused to the roadway (concrete, asphalt, curb and gutter) when such damage is caused, directly or indirectly, by the acts or omissions of the Developer in irrigating the landscaping within the medians on Nancy Gray Avenue internal to this development site. Notwithstanding any provision in this Agreement to the contrary, this indemnity may be assigned only to a bonafide homeowner's association which has lawfully assumed the irrigation obligation from the Developer and only if such assignment is in writing and duly and lawfully executed by such homeowner's association. 15. The City reserves the right to require at the Developer's expense additional Improvement Location Certificates or foundation surveys prior to framing for lots 1-45 of Block 1, lots 1-26 of Block 2, 1-28 of Block 3, lots 1-30 of Block 14, lots 1-30 of Block 15, lots 1-11 of Block 16, and lots 1-2 of Block 17. 16. No home with private drive access at the rear of the lot may take driveway access cff the public street upon which they front. 17. Construction of Phases 1A, 1B, 2 and 3 of this Development must be done in sequential order. No building permits will be issued within Phase 1 B, 2 or 3 until all streets and utilities within all preceding Phases have been completed in accordance with Section I.C. of this agreement. 18. Notwithstanding any provision herein to the contrary, the Developer shall be responsible for all costs for the initial installation of traffic signing and striping for this Development, including both signing and striping related to the Developer's internal street operations and the signing and striping of any adjacent or adjoining local, collector or arterial streets that is made necessary because of the Development. 19. 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. E. Natural Resources 1, The Developer shall ensure that all uplands, as defined in Exhibit D" and the approved Landscaping Plan for Filing 2, are properly maintained for a three 13) .year period following construction thereof to ensure that the vegetation and ;ivdrologic regime are fully established. Monitoring of the vegetation shall occur at least in June and Sentember of the first growing season and in late summer of the remaining 4 growing seasons. The status and effectiveness of the vegetation shall be evaluated and the results reported to the City of Fort Collins Natural Resources Department semi- annually for review. If the uplands have not been established in accordance with the approved Revegetation Plan for the Side Hill Project as amended to Include the 2nd filing (Exhibit "D" ), then the Developer shall promptly take such steps as are necessary to bring the uplands into conformance with the approved Revegetation Plan for the Side Hill Project as amended to include the 2nd filing (Exhibit "D"). 2. The areas of the Development that are planned to be seeded, including the uplands revegetation, shall be inspected jointly by the Developer and the City at specified intervals for three (3) seasons or until determined by the City to be well established in accordance with the coverage specifications of this paragraph, whichever occurs first. Areas seeded in the Spring shall be inspected for required coverage each immediately subsequent Autumn not later than October 1st. Areas seeded at any other time shall be inspected each immediately subsequent Summer not later than August 1st. 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 (5C%) 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 (7596) 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. The Developer shall be responsible for weed control at ail times. Determination of required coverage will be based on fixed transects each ten meters in length, randomly placed in representative por-Jons of the seeded areas, with plant species or bare ground/rcck/litter being noted ever/ ten (10) centimeters along each transect. The Developer shall warrant all seeder: areas for three (3) growing seasons from the date of completion. The Developer shall rework and reseed per original specifications any areas that are dead, diseased, ontain too many weedy species, or fail to meet the coverage requirement at no additional cost to the City. 3. Fueling facilities shall be located at least one hundred (100) feet trom natural body of water, wetland, natural drainage way or manmade drainage way. The fuel tanks and fueling area must be set In a containment area that will not allow a fuel spill to directly flow, seep, run off, or be washed into a body of water, wetland or drainage way. 4. The Developer shall delineate the Development's property boundary adjacent to all Limits of Development (L.O.D.) as defined by Article V, Section 5.12 of the Land Use Code, including boundaries around existing trees that are to be undisturbed, with orange construction fence prior to any type of construction, including overlot grading. 5. Prior to the commencement of any development activities within the Limits of Development. the Developer shall relocate or eradicate any prairie dogs inhabiting any portions of the site using City -approved methods as set forth in Chapter 4 of the City Code. If prairie dogs are present fumigation is best done between late April and early June and relocation shall occur prior to March 1 or after May 31 of any given year. F. Soil Amendment 1. In all areas associated with this Development that are to be landscaped or planted in accordance with the Final Development Plan Documents, and do not require a building permit, the soils shall be loosened and amended by the Developer in acco-dance with LUC § 3.8.21 In areas that do require a building permit to be issued, such soil amendment shall be done concurrently to the phases that are being developed, as these phases are constructed. Develop may seek a waiver or temporary suspension for seasonal conditions in accordance with Section 12-132 (c) of the Municipal Code. 2. The soil amendment of the area that will be developed with Phase 1 of the development shall be completed by the Developer prior to the issuance of more than 45 building permits in Phase 1 of this Development. Phase 1 soil amendment shall include the amendment of the soils within the detention pond area associated with this Development as shown on the approved Final Development Plans for this Development. 3. The soil amendment of the area that will be developed with Phase 2 of the development shall be completed by the Developer prior to the issuance of more than 29 building permits in Phase 2 of this Development. 4. The soil amendment of the area that will be developed with Phase 3 of the development shall be completed by the Developer prior to the issuance of more than 34 building permits in Phase 3 of this Development. 5. In all cases, completion of soil amendments shall include certification by the Developer that the work has been completed. This certification shall be submitted to the City at least two (2) weeks prior to the date of issuance of additional building permits or any certificates of occupancy as required above in any phase of this Development. G. Ground Water, Subdrains and Water Rights 1. The City shall not be responsible for, and the Developer (for itself and its successor's) in interest) 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 iniuries are proximately caused by the City's negligent operation or maintenance of its storm drainage facilities in the Development. However, nothing herein shall be deemed a waiver by the City of its immunities, defenses, and limitations to liability under the IN Colorado Governmental Immunity Act (Section 24-20-101 CRS, et. seq.) or under any other law. 2. If the Development includes a subdrain system, any such subdrain system, whether located within private property or within public property such as street rights -of -way or utility or other easements, shall not be owned, operated, maintained, repaired or reconstructed by the City and it is agreed that all ownership, operation, maintenance, repair and reconstruction obligations shall be those of the Developer or the Developer's successor(s) in interest. Such subdrain system is likely to be located both upon private and public property and, to the extent that it Is located on public property, all maintenance, operation, repair or reconstruction shall be conducted in such a manner that such public property shall not be damaged, or if damaged, shall, upon completion of anv such project, be repaired in accordance with then existing City standards. The City shall not be responsible for, and the Developer, for itself and its successor(s) in interest, hereby agrees to indemnify and hold harmless the City against any damages or injuries sustained in the Development as the result of groundwater seepage or flooding, structural damage or other damage resulting from failure of any such subdrain syslem. 3. Without admitting or denying any duty to protect water rights, the Developer, for itself and its successor(s) in interest, hereby agrees to indemnify and hold harmless the City against any damages or injuries to water rights caused, directly or indirectly by the construction, establishment, maintenance or operation of the Development. 4. The City agrees to give notice to the Developer of any claim made against it to which the foregoing indemnities and hold harmless agreements 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 the 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 the forgoing indemnities and hold harmless agreements by the Developer to not apply to such claim and such failure shall constitute a release of the foregoing indemnities and hold harmless agreements as to such claim. H. 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. 2. Prior to beginning any building construction, and throughout the build -out of this Development, the Developer shall provide and maintain at all times an accessway to said building or buildings. Such accessway shall be adequate to handle any emergency vehicles or equipment, and the accessway shall be kept open during all phases of construction. Such accessway shall be constructed to an unobstructed width of at least 20 feet with 4 inches of aggregate base course material compacted according to city standards and with an 100 foot diameter turnaround at the building end of said accessway The turnaround is not required if an exit point is provided at the end of the accessway Prior to the construction of said accessway, a plan for the accessway shall be submitted to and approved by the Poudre Fire Authority and City Engineer. (Three plan sets shall be submitted to the Poudre Fire Authority at 102 Remington Street for review and processing.) If such accessway is at any time deemed inadequate by the Poudre Fire Authority or City Engineer, the accessway shall be promptly brought into compliance and until such time that the accessway is brought into compliance, the City and/or the Poudre Fire Authority may issue a stop work order for all or part of the Development. Footing and Foundation Permits 1. Notwithstanding any provision in this Agreement to the contrary, the Developer shall have the right to obtain a Footing and Foundation permit upon the installation of all underground water, sanitary sewer, and storm sewer facilities, and an emergency accessway for the Phase in which the permit is being requested. Facilities shall include but not be limited to all mains, lines, services, fire hydrants and appurtenances for the Phase as shown on the Final Development Plan Documents. J. 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 security to guarantee completion of the public improvements required for this Development, prior to issuance of the Development Construction Permit. K. 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.' Security for the 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 or transferred to any other oerson or entity unless the warranted improvements are completed by, and a letter of acceptance of the varranted improvements is received from the City by, such other person or entity. 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 it 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 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 operalion or as a result of building activity. Any excessive accumulation of dirt and/or constriction 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 12) 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 anv 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 (or to the extent permitted by law, revoke) 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 cates. () General Conditions A. The `.erms of this Agreement shall govern all development activities of the 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 Final Development Plan Documents 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 approval of the site specific development plan. In the event that the Developer commences or performs any construction pursuant hereto after the passage of three (3) years from the date of approval of the site specific development plan, 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, electrical lines. 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 cermits shall be issued for anv 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. Anv water lines, sanitary sewer lines, storm drainage lines, electrical 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 Final Development Plan Documents and shall be installed by the Developer within the time as established under "Special Conditions" in this document. F_ Except as otherwise herein specifically agreed. the Developer agrees to Install and pay 'or 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 Final Development Plan Documents rand other approved documents pertaining to this Development on file with the' it" r 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. All financial obligations of the City arising under this Agreement that are payable after the current fiscal year are contingent upon funds for that purpose being annually appropriated, budgeted and otherwise made available by the Fort Collins City Council. in its discretion. 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, 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 and 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 toy (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 defFult. 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 th,s 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: If to the City: Engineering Development Review City of Fort Collins P.O. Box580 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: Pestle Development Company Attn: James Pestle 6800 North 79t" Street, Suite 201 Niwot, Colorado 80503 If to the Owner: Sidehill Inc Attn: James Pestle 6800 North 791" Street, Suite 201 Niwot, Colorado 80503 Notwithstanding the foregoing, if any party to this Agreement, or its successors, grantees or assigns, wishes to change the person, entity or address to which notices under this Agreerrent 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 prepare) 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, f=urther, 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. ATiL 0 City Clerk APPROVED AS TO CONTENT: %=. City Engineer / AP!PR AS TO FORM: Deputy City Attorney THE CITY OF FORT COLLINS, dOLORADO, a Municipal Corporation j 1 — II By City Manager DEVELOPER: POSTLE DEVELOPMENT COMPANY, a Colorado C oration By: Will J es ostle, President ATTEST: Jameypostle, Secretary OWNER: SOEHILL INC. a Colorado Cor o ation By: J es ostle, Manager ATTEST: By: 11 Ja es P stle, Secretary EXHIBIT "A" Schedule of electrical service installation. Electrical lines need to be installed prior to the installation of the sidewalk, curb returns, handicap ramps, paving and landscaping. If the Developer installs any curb return, sidewalk or handicap ramp prior to the installation of electrical lines in an area that interferes with the installation of the electrical line installation, the Developer shall be responsible for the cost of removal and replacement of those items and any associated street repairs. 2. Schedule o-' water lines to be installed out of sequence. Not Applicable. 3. Schedule of sanitary sewer lines to be installed out of sequence. Not Applicable. 4. Schedule of street improvements to be installed out of sequence. Not Applicable 5. Schedule of storm drainage improvements to be installed out of sequence. Not Applicable. ,4 Not Applicable 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 first 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. IN 1=91111WHEAMOM 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 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. 0 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 builcings, 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. r, ��i0 ( C' I- AZ INC. 916 Willshire Ave. • Fort Collins, Colorado 80521 • (970) 493-4394 EXHIBIT D Mr. Joe Carter Cityscape Urban Design, Inc. 3555 Stanford Road Suite 105 Fort Collins, Colorado 80525 Dear Mr. Carter: As per your request, I have reviewed the plan view map you sent for the SideHill, Second Filing with a view to determining whether the revegetation plan (July 2003) I completed for the SideHill, First Filing is appropriate. I did not complete a field evaluation of the project area. I believe the plan is appropriate with the following qualifier. The Second Filing, as I recall, includes a higher proportion of previously disturbed area. This would result in the requirement that more subsoil materials, now existing on the surface, be used as "topsoil It can be assumed that this material is acceptable for use, but is of a lower quality than the surficial material overlying the undisturbed portions of the project area. It should also be noted that where a dense smooth brome sod has not become established in the area subject to soil salvage, the requirement for sod stripping and disposal noted in Subsection 2.1.1 of the revegetation plan would not apply. This review is based on the assumption that the SideHill, Second Filing project area does not include wetlands that must be mitigated for under Corps of Engineer or City of Fort Collins requirements. Sincerely: CEDAR CREEK ASSOCIATES, Inc. Stephen G. Long Principal 7 EXHIBIT D REVEGETATION PLAN for the SIDEHILL PROJECT FORT COLLINS, COLORADO Prepared for the: James Company Boulder, Colorado Prepared by: CMAIB Q."'B M A=CLQ9=, INC Fort Collins, Colorado July 2003 F. Street improvements shall not be installed until all utility lines to be placed therein have beer completely installed, including all individual lot service lines (water and sewer) leading in and from the main to the property line and all electrical lines. G- The installation of all utilities shown on the Final Development Plan Documents 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, except that if the conflicts are a result of Federal or State mandated requirements, then the Federal or State mandated requirements shall prevail. K 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, for itself and its successor(s) in interest, 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 accented 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 plans. vvhich 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 ndemnity and 'hold harmless agreement by the Developer could apply. and the Developer shall have the might 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 s ch 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 Gcvernmentai 'Immunity Act for the same, shall cause this indemnity and hcid '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 licen<,ed professional engineer to design the storm drainage facilities as aforesaid and t :s exoressly affirmed hereby that such engagement shall be intended or he c,enefit of the Clty, and subsequent purchasers of property in 'he Development. The Developer shall pay storm drainaae basin fees in accordance with Chapter 26, Article Wil of the City Code. Storm drainage improvements eliatble for TABLE OF CONTENTS ROM Table of Contents .................................................... 1.0 Introduction ....................................................... 2.0 Revegetaticn Specifications ............................ 3.0 Adjunct Area Stabilization ................................ 4.0 Weed Control Plan Summary .......................... 5.0 Revegetation Schedule ................................... 6.0 Management and Maintenance ....................... Appendix : Revegetabon Technical Specifications Map Pocket 1.0 INTRODUCTION The James Company has entered into a development known as the "Sidehill Project" located at the northeast comer of Drake and Timberline roads in Fort Collins, Colorado. The project will encompass approximately 200 acres. As a part of this development, the Company proposes to construct a sewer line and access road facility. A portion of this proposed facility will be constructed ,along a sideslope/terrace formation for which this revegetation plan has been prepared. Part of an agricultural operation in the past, active land uses currently consist of open space and wildlife habitat. Overall slopes are nearly level to moderately steep with steeper slopes occurring in conjunction with a comparatively recent excavation and along the toe of the slope. The primary vegetation community consists of a mixed plant assemblage of both native and introduced species reflecting the agricultural history of the area. The soils overlying this slope are a mixture of undisturbed pedons and subsoils exposed as a result of previous excavations. The dominant soil map unit of the project area, as mapped by the Natural Resources Conservation Service (Soil Survey of Larimer County, Colorado 1980), is the Larimer-Stoneham, 3 to 10 percent slopes complex. These soils are typically deep and well drained with a medium to high available water capacity. In the typical profile, sandy loams, loams, and clay loams dominate with coarse fragment content increasing with depth. Soil reaction is neutral to moderately alkaline throughout the profile. This soil is non -saline and non- sodic. The hazard of erosion is moderate to severe. This unit belongs in the Loamy Plains range site and is well suited to the establishment of range grasses. A number of factors were taken into consideration during the revegetation design phase of this project. These factors included topography, climate, soils, and existing vegetation. Each was considered in terms of how the environmental factor could enhance or constrain the potential for revegetation success. The area to be revegetated will be characterized by comparatively gentle slopes with north and east aspects. These gentle slopes will reduce the hazard of water erosion on site during and after planting and on through the time required for vegetation to become established. Such slope angles will also permit the use of efficient plant establishment and erosion control techniques thereby increasing the potential for revegetation success. The northern and eastern aspects will benefit revegetation success potential given their lower evapo- transoortation potentials as compared to either western or southern aspects. The climate of the project site is semi -arid resulting in limited precipitation for plant growth and establishment. As a consequence, proper species selection is an important aspect of planning, centering on the selection of species adapted to worst -case droughty soil conditions. Species with rapid establishment rates are also preferred to aid in achieving soil stabilization objectives. The undisturbed soil profiles overlying the area to be disturbed appear to be fertile given their agricultural history and the vegetation productivity noted during the field reconnaissance. Soil salinity and sodicity levels do not appear to be of concern and no species indicative of high salt or sodium concentrations were observed. The soils overlying the excavated sites consist of subsoils that support a limited plant community and, as such, can serve as plant growth material. The vegetation is typical for this type of agricultural site with a notable percentage of weedy species. The presence of weeds indicates a potential for weed problems that will be addressed through selective soil handling, a split fertilization application approach, and a weed control/maintenance program. The following sections present the revegetation plan prepared for the slope to be impacted. Section 2.0 presents the revegetation technique sequences that will be used to revegetate the site. Seedbed preparation, planting, and mulching techniques are addressed. Seed mixtures are also included. Adjunct area stabilization techniques are presented in Section 3.0. Sections 4.0, 5.0, and 6.0 discuss weed control, revegetation schedules, and management/maintenance activities, respectively. Appendix A presents technical specifications to aid in the implementation of this revegetation plan. A map is included at the end of this report depicting the project area to be revegetated. 2 2.0 REVEGETATION SPECIFICATIONS The technique sequence to be employed to establish the native herbaceous community is presented below along with the appropriate seed mixtures and revegetation schedule. Revegetation technical specifications, including material standards as well as the procedures for employing the selected techniques, are included as an appendix to this document. The primary objective of revegetation is to establish a self-sustaining native vegetation community for soil stabilization and plant diversity purposes. The secondary objectives are to support existing wildlife populations and create an esthetically pleasing vegetation continuum. To this end, a variety of native plant species have been selected for use based, variably, on their rapid establishment potentials, soil type adaptations, and wildlife habitat values. In addition, the forb species selected for planting are all typical components of surrounding native prairie systems and exhibit flowering characteristics valuable with respect to esthetic concerns. 2.1 Soil Handling and Grading 2.1.1 Soil Salvage and Stockpiling That portion of the project area to be disturbed will be stripped of the surface sod to a depth of <6.0 inches to reduce the potential for weed/introduced grass establishment. The salvaged sod will be buried on site or disposed of within the boundaries of the project area. Following sod removal and disposal, soil will be stripped from the site, including the existing disturbed areas, to an average depth of 12.0 inches. A variable stripping depth of from 9.0 to 15.0 inches is assumed due to equipment limitations. The salvaged soil will then be taken to a defined soil stockpile site. The stockpile will be protected from operational disturbances to maintain facility integrity. The stockpile will assume as low a profile as possible to decrease wind erosion potential and be oriented, along the longitudinal axis, perpendicular to the prevailing wind direction, if possible, to reduce wind erosion. When portions of the stockpile are removed for soil redistribution, removal will begin on the leeward side of the stockpile to avoid disturbance on the windward side. Stockpiles will be clearly identified with signs to distinguish them from subgrade or other construction materials. Stockpiles will be located outside the limits of delineated wetlands and other Waters of the U.S. regardless of U. S. Army Corps of Engineers jurisdiction ahly. 3 2.1.2 Soil Stockpile Stabilization The stockpile will be vegetatively stabilized during the first appropriate planting season following grading if the stockpile will exist through one or more growing seasons. During construction, the surface of the stockpile will be left in a roughened condition. Fertilizer will be evenly broadcast over the stockpile surface at recommended rates and the seedbed roughened to incorporate the fertilizer into the seedbed. Seed, at the specified rates, will then be broadcast over the seedbed. The seedbed will be lightly roughened to cover the seed. The slopes will then be mulched using straw or hydromulch and the mulch anchored to complete the stabilization process. The seed mixture to be used is depicted in Table 1: Stockpile and Adjunct Disturbance Seed Mixture. 2.1.3 Soil Redistribution Prior to soil redistribution, the subsoil graded to design specifications and upon which the soil will be respread will left in a roughened condition to reduce the potential for mass movement of the reapplied soil. The seedbed will then be ripped on the contour to relieve compaction and aid plant establishment. Ripping may be eliminated from the sequence if subsoil compaction is considered to be of no consequence to plant establishment and growth. The salvaged soil will then be respread. During resoiling operations, soil will be redistributed in a manner which: (1) achieves an approximate uniform thickness consistent with safety requirements, post -disturbance land use objectives, and surface water drainage systems; (2) minimizes compaction and erosion of the soil resource; and (3) minimizes deterioration of the biological, physical, and chemical properties of the soil to the degree possible. Soil will be applied in as thick of lifts as possible to minimize equipment passes over the resoiled area. All final grading will be completed along the contour, where safety conditions permit, to minimize erosion and maximize site stability. Soil will be redistributed to an average depth of approximately 10.0 to12.0 inches. As with salvage activities, a replacement depth range of from 9.0 to 15.0 inches will be acceptable so long as an average 10.0 tol2.0-inch depth is achieved across the buffer area. 4 =�i 2.2 Revggetation Following soil redistribution, the disturbed area will be left in a roughened condition. Soil samples will be taken for laboratory analysis. Fertilizer (excepting nitrogen) will be broadcast over the seedbed at rates specified as a result of soil tests. The seedbed will be harrowed or otherwise roughened to incorporate the fertilizer into the applied soil and prepare the area for seeding. (Fertilizer will be applied in a split application to decrease weed invasion during seedling establishment.) Following surface roughening, the seed mixture shown in Table 2: Native Prairie Seed Mixture will be drilled into the seedbed.. The planted area will then be mulched with the equivalent of 2.0 tons of straw per acre and the mulch crimped into the seedbed. In the spring of the second growing season, the recommended amount of nitrogen will be broadcast over the planted seedbed. All surface equipment operations will be completed perpendicular to the slope where aerial and safety conditions permit. TABLE 1: STOCKPILE AND ADJUNCT DISTURBANCE SEED MIXTURE S ecics Preferred Varieties Rate LbsJAcre Planted Drilled) PLS Seeded/Acre Green needlegrass Lodorm 2.00 362,000 Stipa viriduia Slender wheatgrass Primar, Revenue 4.00 640,000 Efymus trachycaulus Thickspike wheatgrass Critana 4.00 744,000 Elymus lanceolatus Western wheatgrass Arriba, Barton Sy2Q 756.000 Pascopyrum smithii Totals = 16.00 2,502,000 (-57 seeds/ sq. ft) 5 Species Green needlegrass Shpa vindula Slender wheatgrass Elymus trachycaulus Streambank wheatgrass Oymus lanceolatus Western wheatgrass Pascopyrum smithii Lewis flax Adenolinum lewisti Purple prairie clover Dalea purpurea Upright prairie coneflower Ratibida columnitera TABLE 2: NATIVE PRAIRIE SEED MIXTURE Preferred Varieties Lodorm Primar, Revenue Sodar Arriba, Barton Appar Kaneb None Rate LbsJAcre Planted (Drilled 3.00 1.00 3.00 3.50 0.50 0.50 Q-25 Totals = 11.75 PLS 4cre 160,000 480,000 441,000 142,500 137,500 225,000 2,129,000 (-49 seeds/ sq. it) Note: This seed mixture will be planted at twice the rate shown if broadcast planting methods are used. 66 4_ 3.0 ADJUNCT AREA STABILIZATION During construction, the soil surface may be disturbed at equipment staging areas and similar sites resulting in a loss of vegetative cover. In such cases, extensive application of revegetation techniques is not desirable where a more simplistic range of restoration techniques will suffice. The following alternatives to intensive reclamation will be applied where conditions warrant. Suoolemental fertilization: The disturbed area will be broadcast fertilized at recommended rates where it is determined that the remaining vegetation can successfully stabilize the area with a supplemental fertilizer treatment. Access to treated sites will be prohibited until vegetation has become adequately established. Supplemental seeding: The disturbed area will be seeded where it is determined that the emsting plant cover is not sufficient to hold soil in place. Minimal seedbed preparation and soil covering will be acceptable. Following seeding, the treated site will be mulched and the mulch anchored by applicable means. Access to treated sites will be prohibited until vegetation has become adequately established. This alternative may be combined with supplemental fertilization as necessary. The native seed mixture to be used is depicted in Table 2 below. When broadcast seeding techniques are used, the seeding rate shown the table will be doubled. 4.0 WEED CONTROL PLAN SUMMARY This section summarizes the elements of the weed control plan which will be prepared in detail following approval of this project. The completed plan will be submitted to local, State, and Federal agencies, as required, for review and approval. The weed control plan will be prepared by a Licensed Commercial Pesticide Applicator (LCPA). All subsequent weed control activities will also be conducted by an LCPA. The plan to be prepared will take the form of an Integrated Pest Management Plan (IPM) that will consider all methods of control that would potentially be applicable to the project area. These methods include mechanical, chemical, cultural, and biological techniques. Prior to plan preparation, a visit to the project area will be conducted by the LCPA to assess site conditions, routes of access, weedy species present, the relationship of any water bodies or wetlands to the proposed areas to be treated, potential sources of run-on and run-off, wind conditions, and any other factors relevant to the weed control planning process. Initial emphasis will be given to weed control methods other than those of a chemical nature. Where necessary, safe and efficient chemical control methods will be employed. Herbicide transportation, storage, mipng, loading, application, and disposal methods will comply with all applicable requirements of State and Federal regulations. The weed control schedule to be employed will be based on the analysis of the planting site, conform to all local requirements, and be modeled after similar successful programs developed by Company representatives. 5.0 REVEGETATION SCHEDULE' Excavation and grading may ordinarily occur during any month of the year. However, revegetation activities are more limited with respect to the time of year in which they should be completed and must be timed to coincide with a recognized planting season. The following tables depict two revegetation schedules that can be followed to achieve the mitigation objectives set for this project. The Fall seeding is preferred, in terms of seed germination and plant survival concerns, to seeding in the Spring though both are acceptable. Site conditions and/or climatic variations may require that these schedules be modified somewhat to achieve revegetation success. The schedules do not reflect any weed control activities that may be employed on site and would be amended to incorporate such a program if it is required. 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 each phase of 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 property dedicated (both in fee simple and as easements) to the City associated with this Development (whether on or off -site) is 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 property as is dedicated to the City pursuant to this Development, is 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, for itself and its successor(s) in interest, 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 connec-ion 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 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 richt to defend any lawsuit based on such claim and to settle any such claim provided the 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 '.his 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. 4 TABLE 3: FALL (DORMANT SEEDING) MITIGATION SCHEDULE Month Reclamation Technique J F M A M J J A S 0 N D Excavation/Grading Any month Resoiling and/or Ripping (if necessary) XXX Seedbed Material Sampling XXX Fertilization (1'year) XXX Seedbed Preparation XXX Seeding XX Mulching XX Nitrogen fertilizer application (2''° growing season) XX TABLE 4: SPRING MITIGATION SCHEDULE Month FiPnIsmatlnn Tarhninua J F M A M J J A S O N D Excavaticn/Grading Resoiling and/or Ripping (if necessary) XXX Seedbed Material Sampling XXX Fertilization (1' year) XX Seedbed Preparation XX Seeding XX Mulching XX Nitrogen fertilizer application (2ntl growing season) XX Any month Note: Weather and surface conditions permitting, the earlier in the season spring planting is completed the higher the potential for revegetation success. 10 6.0 MANAGEMENT AND MAINTENANCE No earth -moving activities will be permitted outside the boundaries of the area to be revegetated except as provided for in the site development/revegetation plans. Adjunct disturbances related to the installation of erosion control or site stabilization measures are also excepted. All erosion control measures will be kept in good condition until revegetation is deemed acceptable by the City or it is obvious that the site is stable and the installed measures are no longer required. Within this time -frame, any erosion control measure removed prematurely or damaged will be immediately replaced or repaired. Permanent revegetation plantings will be inspected at least monthly during the first three growing seasons following planting and/or immediately following periods of intense rainfall. Areas of poor "seed take" will be noted. Any area remaining unvegetated by desirable species throughout the first three growing seasons will be reseeded following the application of site preparation techniques during the next Fall planting season. Seeded areas will then be straw - mulched and the mulch crimped into the seedbed using manual methods or anchored by netting. Any areas found to be devoid of a mulch cover following the initial seeding will be re -mulched as soon as the condition is discovered. If nutrient deficiency symptoms develop on revegetated areas, this condition will be remedied by adding the appropriate nutrients in the proper amounts. Where slips, slides, or slumps occur on constructed slopes, such will be remedied as soon as soil conditions permit. No mowing, trimming, or other vegetation modifying activities will be permitted in the revegetated area unless directly associated with a planned weed control or site maintenance program. Trimming or removal of diseased vegetation will also be permitted. 11 z APPENDIX: REVEGETATION TECHNICAL SPECIFICATIONS REV'EGETATION TECHNICAL SPECIFICATIONS MATERIALS, METHODS, AND TECHNIQUES Prepared for the: James Company Boulder, Colorado Prepared by: CZID.kM CM= k230=&T332, INC. Fort Collins, Colorado July 2003 TABLE OF CONTENTS Page 1.0 Material Specifications ....................................... 1.1 Fertilizer......................................................... 12 Commercially Purchased Seed ........................ 1.3 Seedlings and Tree Stock ............................... 1.4 Native Hay or Straw Mulch ............................... 1.5 Erosion Control Matting .................................. 1.6 Plastic Netting and Staples .............................. ................3 3.0 Technique Specifications ........................... 3.1 General ................................................... 3.2 Ripping ................................................... 3.3 Seedbed Material Application ................... 3.4 Seedbed Material Sampling ..................... 3.5 Disking ................................................... 3.6 Harrowing ............................................... 3.7 Broadcast Fertilization .............................. 3.8 Drill Seeding ........................................... 3.9 Broadcast Seeding .................................. 3.10 Hand Raking ......................................... 3.11 Seedling Planting .................................. 3.12 Tree Planting ........................................ 3.13 Native Hay or Straw Mulching .................. 3.14 Native Hay or Straw Mulch Netting........... 3.15 Native Hay or Straw Mulch Crimping ........ 3.16 Erosion Control Matting ......................... 4.0 Partial List of Planting Material Suppliers....... i S. G. Long — SIDEHILL PROJECT- 2003 REVEGETATION TECHNICAL SPECIFICATIONS MATERIALS, METHODS, AND TECHNIQUES The following specifications have been prepared to aid in implementing the revegetation plans prepared for this project. These specifications may be used as a reference to develop formal bid packages should the James Company prefer to contract out any or all of the field reclamation portion of this project. These specifications can also be used for guidance when erosion control measures must be employed on an emergency basis or to serve as a technical base when making future site stabilization plantings. Specificalions for avariety of materials and revegetation techniques, other than those specified in the plan, are InCILded herein should the purchase of such materials or use of such techniques be necessary for any reason. 1.o MATERIAL SPECIFICATIONS The following specifications are presented to identify the quality of materials that should be purchased to complete revegetation activities. Efforts should be made to follow these specifications, although minor deviations may be required due to the commercial availability of various materials within the region al the time of purchase. 1.1 Fertilizer All fertilizer material will be furnished in waterproof or water-resistant bags. Each bag must be marked with the weight and manufacturer's guaranteed analysis of the contents showing the percentage of each ingredient contained. 1.2 Commercially Purchased Seed Seed will be furnished in standard containers with seed name; lot number; net weight; and percentages of purity, germination, hard seed, and maximum weed seed content dearly marked for each type of seed. Seed supplies will not contain the seeds of any State -recognized noxious weed species. A certificate stating that each seed lot has been tested by a laboratory with respect to the above requirements will be delivered with the seed. Only certified seed of named varieties shall be used where varieties are specified and can be obtained. Sources for "common" seed should be those with climatic and elevational characteristics as dose to project site characteristics as possible. Legume seed will be inoculated with the correct rhizobium prior to shipping. All legume seed MR be planted Prior to the expiration date on the inoculum tag or reinoculated within 24 hours prior to planting. 1 S. G. Long — SIDEHILL PROJECT - 2003 1.3 Seedlings and Tree Stock All seedlings accepted will be true to type and name. All seedlings and stock will have well -formed tops and root systems and be free from injurious insects and plant diseases. Plants will be free from: 1) serious abrasions to roots, stems, and branches; 2) dried root systems; 3) thin root systems; 4) mold; 5) a dry, loose. or damaged soil mass; 6) root -bound conditions; 7) broken or malformed containers; and 8) sun -scald, wind, or freezing damage. Seedlings cut back from larger sizes to meet specified sizes will not be accepted. All stock will be "hardened off" prior to shipment so that stock is physiologically prepared for out -planting. 1.4 Native Hay or Straw Mulch Mulch will not be musty, moldy, caked, or decayed and shall be free of noxious weeds or noxious weed seeds. it will be delivered in an air-dry condition. The majority of stems should be 10 to 12 inches long or longer prior to application f the mulch is to be anchored by crimping. When the mulch is to be anchored by netting or achemical tacMier, amajority of stems should be at least 6 inches long. 1.5 Erosion Control Matting Matting will be composed of a blanket of interlocking curled wool fibers overlain with polypropylene plastic netting as an integral component of the mat. The matting Wl be of uniform thickness with curled wood fibers spread evenly over the mat Matting components will be non -toxic to vegetation and the blanket will be smolder resistant. The matting will not be moldy or decayed. Matting WH be delivered in standard manufacturer's packaging. 1.6 Plastic Netting and Staples Plastic netting will be composed of black or green polypropylene or other approved plastic that is extruded to form a net. The netting will be furnished in rolls and show little or no shrinkage after application. Staples will be U-shaped and be made of 11 or 12 gage steel wire. Staple lengths should be 6 to 8 inches for firth soils and not less than 12 inches for loose soils. 2 S. G. Long.— SIDEHILL PROJECT - 2003 2.0 CARE OF DELIVERED MATERIALS Commercially purchased seedlings and tree stock will be delivered to the construction site as close to the time of planting as possible. Upon receipt of the shipment, plants will be inspected for moisture status and condition. All seedlings will be watered upon arrival, as necessary, to keep the root system in a moist condition. Watering will be repeated every four days, as needed, following this date until planting. No fertilizer materials will be applied to stored plants. Plants will be stored in such a manner as to: avoid or reduce moisture stress, • avoid excessive heat or cold, • protect plants from wind and mechanical damage, and • provide astaging area for subsequent planting activities. All fertilizer, seed, and mulch materials will be retained in shipping bags until they are to be used. These materials will be stored in a protected area in a manner to prevent them from coming in contact with incident precipitation or surface water. 3 S. G. Long — SIDEHILL PROJECT - 2003 L� 3.0 TECHNIQUE SPECIFICATIONS 3.1 General Areas outside the limits of the site(s) to be revegetated will not be disturbed, excepting those areas specifically set aside for staging, or as directed by the revegetation supervisor. All perimeter erosion control measured need be in place prior to site disturbance activities. Site -specific erosion control measures will be installed as soon as practical following the completion of site disturbance activities including grading, resoiling, planting, etc. Any erosion control measure damaged, removed prematurely, or rendered inoperative win be repaired/replaced as soon as the condition has been discovered. On slopes accessible to common agricultural machinery, all operations An be conducted along the contour as governed by safety considerations. On slopes accessible to construction equipment, but inaccessible to agricultural machinery, all operations will be conducted so as to avoid creating conditions that increase or enhance downslope surface or subsurface flow patterns. On level or nearly level sites, as aerial conditions permit, all equipment operations An be conducted perpendicular to the prevailing wind direction. 3.2 Flipping Ripping An be accomplished by adozer equipped with asingle or twin set of ripper shanks. Ripping All be completed to a depth of at least 1 or 2 feet, as specified, on approximately 2- to 4-toot centers. Ripping will be completed at aspeed that maximizes the action of the ripper shanks and promotes material disruption to the required depth. Material type and compaction levels win be major factors in determining tractor speed. 3.3 Seedbed Material Application Seedbed material An be applied as soon as possible after grading and/or ripping. Equipment utilized will be capable of applying this material in the prescribed manner given slope, application depth, and aerial extent as well as material characteristic considerations. Seedbed material will be spread to an even depth as per resoiling specifications. The number of equipment passes over the site will be kept to the minimum necessary to properly complete material application and avoid unnecessary compaction. Seedbed materials should not be handled when such materials contain a moisture content that would inhibit proper application or contribute to excessive compaction or crusting. The surface of reapplied materials will be left in a roughened condition to inhibit erosion while providing aproper surface for the application of subsequent revegetation techniques. 4 S. G. Long—SIOEHILL PROJECT - 2003 0, 3.4 Seedbed Material Sampling General Procedures The laboratory selected to analyze the samples should be contacted at least 15 days in advance of the sampling period to aid in coordinating sample analysis with the beginning of revegetation activities on site. All samples should be taken with either a the spade or soil auger. This equipment will be tree of all foreign substances and rust. No galvanized tools should be used. Approximately 1 quart of material need be collected for each sample. All samples will be placed in dean polyethylene bags at the time of collection and securely sealed for delivery to the laboratory. All efforts should be made to deliver the samples to the laboratory as soon as possible. When samples cannot be delivered within 24 hours of collection, samples should be air-dried. Approximately 48 hours can be considered a sufficient time for air -dying. Samples should be dried in as dust -free of an environment as is possible. Specific Procedures Two samples need be collected representing the surface 24 inches of seedbed material at each sampling point. Where soil has been respread over the surface to be reclaimed, the upper sample will represent the depth of soil applied and the lower sample the sub -base material to a depth of 24 inches. Where soil has not been applied, two samples should be collected representing the 0 to 12 inch and 12 to 24 inch depths of seedbed material. For each set of samples, the average slope and estimated percent coarse fragment content by volume need be noted. At least one set of samples should be taken for each specific treatment area to be reclaimed. The number of samples to be collected will be at the discretion of the revegetation supervisor. Sample compositing for larger acreages 's recommended. All sample site locations will be noted on a project map. Each sample should be analyzed at aminimum for: • pH, • texture (field method), • percent organic matter, • NH4-N and NO3-N (ppm), • phosphorus (ppm), • potassium (ppm), • electrical conductivity (mmhos/cm), • lime estimate, and • sodium adsorption ratio ,if advisable. Other parameters may be added where prior sampling results indicate the potential for plant establishment and growth constraints related to growth medium chemical or physical characteristics. 5 S.,3. Long—SIDEHILL PROJECT - 2003 L. The Developer acknowledges and agrees that the City, as the owner of any adjacent property (the 'City Property") on which off -site improvements may be constructed, or that may be damaged by the Developer's activities hereunder expressly retains (and does not by this Development Agreement waive) its rights as property owner The City's rights as owner may include without limitation those rights associated with the protection of the City Property from damage, and/or the enforcement of restrictions, limitations and requirements associated with activities on the City Property by the Developer as an easement recipient. if. Special Conditions A. Water Lines 1. In accordance with Section 26-369 of the City Code, the Developer is responsible for constructing the12-inch water main from the east end of Cutting Horse Drive to the railroad right-of-way plus one half the distance across the railroad right-of- way. The Midpoint Self Storage development is responsible for the remainder of the 12- inch water main connection to Midpoint Drive; however, if that portion of the of the 12- inch water main north of the railroad right-of-way is not completed, the Developer will be required to install the water main connection (which shall include obtaining the railroad crossing permit) to the existing water main in Midpoint Drive. If the Developer installs any portion of the water main which is the responsibility of the Midpoint Self Storage developer, the Developer may apply for a reimbursement agreement in accordance with Section 26-372 of City Code. Prior to the issuance of a building permit in Phase 3, the water main from Cutting Horse Drive to Midpoint Drive must be installed and accepted by the City. B. Sewer Lines 1. Prior to the start of the Sidehill Filing 1, the existing sanitary sewer in Drake Road d d not have sufficient capacity for the for the additional wastewater flows. The City was designing and constructing a relief sewer project which included a sewer from the Drake Water Reclamation Facility to a point approximately 1600 feet west of the northeast corner of Section 29-7-68. A portion of the costs of that relief sewer (i.e. one sixth of the cost of the 665 feet of 42-inch sewer) was addressed in the Sidehill Filing 1 development agreement. Since that time, the remaining portion of that relief sewer has been designed and constructed. This work includes approximately 723 feet of 27 and 30-inch sewer extending generally westerly near the south side of the new Drake Road alignment and the 42-inch sewer within the Drake Water Reclamation Facility site. The Developer agrees 'o reimburse the City for one -sixth of the cost of those relief sewer improvements. The final amount of this reimbursement is 365.365.20. Payment must be made by the Developer to the City prior to the issuance of any building permit in Sidehill Filing 2. Accompanying each composite sample should be a brief discussion of the area from which the sample was collected. The discussion should include comments concerning: • plant species to be established, • type of seedbed preparation techniques to be employed, • type of mulching practices to be employed, if applicable, • approximate slope, • any special problems or conditions such as cheatgrass infestation, and • past and future land use considerations. 3.5 Disking Disking will be applied as a seedbed preparation and fertilizer incorporation treatment on areas that will be seeded, as specified. Offset -disk implements are preferred for use due to the characteristics of seedbed materials. To complete the disking operation, the disk will be towed behind an agricultural tractor at aspeed that minimizes surficial disturbance and optimizes fertilizer incorporation. 3.6 Harrowing Harrowing is the preferred method of seedbed preparation for areas which are accessible to revegetation equipment, particularty where cover crops have been used as a mulching method. A flexible -tine harrow is preferred where excessive amounts of rock fragments occur in the seedbed material. With respect to more conventional equipment, a spring -tooth harrow is preferred over a spike - tooth implement though both types are acceptable for use. Harrowing is applicable for seedbed preparation, incorporating fertilizer into the seedbed, and for covering broadcast seed. As with disking, passes over the seedbed should be kept to the minimum necessary to meet operational objectives. 3.7 Broadcast Fertilization Fertilizer will be broadcast over the seedbed using hand -operated "cyclone -type" seeders or rotary broadcast equipment attached to construction or revegetation machinery. When an area is disked or harrowed to complete seedbed preparation, broadcast fertilization can occur simultaneously with disking or harrowing to simplify the revegetation process. All equipment used will be equipped with metering devices. Fertilizer application will take place prior to the final seedbed preparation treatment to ensure the incorporation of fertilizer into the seedbed. Fertilizer broadcasting operations should not be conducted when wind velocities would interfere with even fertilizer distribution. Fertilizer will be applied at rates commensurate with recommendations resultant from seedbed material sample analysis. All nutrients, with the possible exception of nitrogen, will be applied in a single application. Nitrogen application may be delayed one growing season to reduce the chances for weed ;nfestation. The most soluble phosphorus fertilizer material should be selected for use. A slow -release 6 S. G. Long — SIDEHILL PROJECT - 2003 type fertilizer is preferred as asource of nitrogen. Additionally, fertilizer materials with the lowest salt index available should be used. 3.8 Drill Seeding Drill seeding is preferred for planting operations where aerial conditions permit. Drill seeding will be completed using adrill implement preferably equipped with the following features: • depth bands- to allow seeding al the proper depth, • seedbox agitator- to promote seed mixing, • seedbox baffles- to aid in even seed distribution among rows, • seed -metering device- to promote even seed distribution within rows, • furrow openers- to permit proper seed placement from seed spouts, and drag chains- to aid in seed coverage To complete the drilling operation, seedboxes will be loaded with the seed mixture and the drill calibrated. Rice hulls; or other inert materials, ff necessary, can be used to promote seeding at the proper rate. The drill win 'oa adjusted to plant seed to the proper depth. The depth of seeding will be approximately 0.25 to 0.50 inch under normal circumstances. Drill row spacing will be set at approximately 6 to 8 inches. The drill An be towed across the seedbed to complete the planting operation. Drill seeding All take place immediately following the completion of final seedbed preparation techniques. 3.9 Broadcast Seeding Broadcast seeding will be accomplished using hand -operated "cyclone -type" seeders or rotary broadcast equipment attached to construction or revegetation machinery. All machinery will be equipped with metering devices. Broadcasting by hand An be acceptable on small, isolated sites. When broadcast seeding, passes will be made over each site to be seeded in a manner to ensure an even distribution of seed. When using hopper type equipment, seed should be frequently mixed within the hopper to discourage seed settling and an uneven planting distribution of species. Broadcast seeding will take place immediately following the completion of final seedbed preparation techniques. Broadcast seeding should not be conducted when wind velocities would prohibit even seed distribution. The broadcast seeding rate for herbaceous species will be twice the rate of drill seeding. Woody species will be established by broadcast seeding methods only. 3. G. Long — 31DEHILL PROJECT - 2003 3.10 Hand Raking This treatment can be used on sites too small or steep for the use of conventional machinery. The objectives of this technique are to prepare the seedbed for seeding, incorporate applied fertilizer into the seedbed and cover oroadcast seed. To accomplish these objectives, raking will occur over the entire disturbed area to the maximum depth feasible for seedbed preparation and fertilizer incorporation. Raking to cover seed will consist of a lighter treatment sufficient to provide asoil cover over the broadcast seed. 3.11 Seedling Planting Individual seedling planting sites will be staked or otherwise identified prior to seedling planting by the reclamation supervisor. At each selected planting site, acircular area (planting circle) will be cleared of debris. The diameter of the circle will be approximately 12 to 24 inches depending upon the size of the seedling. The receiving hole will then be dug to a depth 2 to 4 inches deeper than that necessary for planting of bare -root or tubling stock and twice the size of the rootballs or containers for larger stock. Planting holes can be dug by hand or with apower auger. The hole will be of sufficient size to allow for positioning the seedling and tamping the backfill. After the hole has been formed, it will be partially backfilled with loose seedbed material to allow planting to the proper depth. The seedling will then be placed in the hole so that the root collar is slightly below the ground surface and the roots are positioned as straight as possible. Following seedling placement, the hole will be one-half backfilled with soil and then filled with water. The remainder of the seedbed material will be backfilled into the hole as rapidly as possible without displacing water from the hole. The backfill will be lightly tamped around the seedling. A second watering may be required to settle the backfill and remove air spaces. olanting will be accomplished to the same depth as the seedling was grown in the container. The watering step may be eliminated when planting into saturated or flooded wetland sites. A basin, which slopes gently from the outside of the planting circle to the seedling stem, will be formed from excess backfill material to aid in water catchment. The basin may be mulched with straw and the straw anchored by the appropriate means, if specified. 3.12 Tree Planting Techniques to be used to plant trees will be those specified by the nursery supplying the stock or the contractor employed to plant the trees. In any event, the techniques noted under Seedling Planting regarding hole formation, backfilling, and watering will be observed when planting trees. In addition, the planting circle will extend from the drip line to the trunk of the tree at a minimum. All stock over five feet in height will be staked according to accepted procedures to promote tree stabilization. Stock will be 9 3, G. Long — SICEHILL PROJECT - 2003 watered during the !irst growing season following planting on a schedule to be determined by the reclamation supervisor. 3.13 Native Hay or Straw Mulching Mulching will be conducted immediately following seeding operations. The mulch will be spread evenly by hand or mechanical blower. When mulching slopes, application will be initiated at the top of the slope, working down -slope, where possible. Mulch will not be spread when wind velocities would prohibit even distribution. Approximately 2 tons of mulch per acre will be applied to all areas to be mulched. Native hay or straw materials will not be chopped so fine as to inhibit mulch effectiveness or proper anchoring. 3.14 Native Hay or Straw Mulch Netting Netting will be used to anchor applied native hay or straw mulch on all areas too steep for, or inaccessible to, agricultural machinery. Netting will be applied in the following manner immediately following mulch application. All rocks and debris which would inhibit the proper installation of netting will be removed from the slope prior to mulching. The netting will be applied over the straw smoothly but loosely without stretching from the top to the bottom of the slope. The top edge of the netting will be buried in a narrow trench 6 inches deep with staples anchoring the netting within the trench. Where netting ends meet, the upslope end will overlap the downslope end by 4 inches. Where lateral edges of rolls meet, an overlap from either side of 4 inches will be made. Staples will be inserted on a 1-foot spacing along the top and bottom edge of the netting. Staples will be inserted every 4 feet down each edge and the center to form an x-shaped pattern. All staples win be inserted so that they are flush with the seedbed. 3.15 Native Hay or Straw Mulch Crimping Disking can be used to anchor applied native hay or straw mulch to slopes accessible to equipment. Disks used for this purpose All have dull and preferably notched, round -edged blades set perpendicular to the soil surface. Crimping should be completed by traversing the entire mulched area and anchoring the mulch, by rows, approximately 4 inches into the seedbed on 8- to 12-inch centers. A mulch crimper is preferable and should be used in lieu of adisk implement, available. 9 S. G. Long—SIDEHILL PROJECT - 2003 3.16 Erosion Control Matting Erosion control matting can be used to mulch steep slopes or as an erosion control backup for use in emergency situatiors. Matting will be applied in a down -slope fashion except for small, linear -oriented areas of cut- or fill -slopes. In such cases, the matting can be applied across the disturbed slopes. The application procedure described below will be followed. The surface will be treated to eliminate surface irregularities. Stones and rock fragments which would inhibit mulch placement will be removed. The matting will be applied smoothly but loosely over the surface without stretching. The upgrade end of the mat should be buried in a trench at least 6 inches deep, anchored with staplE?s, and the trench backfilled and compacted. Where mat strips overlap, the mat will be placed so that the upgrade mat overlaps the downgrade mat by 6 to 12 inches. Adjacent mat strips will be overlapped approximately 3 to 4 inches. Matting will be anchored with staples driven flush with the seedbed, along each edge, and down the center of the mat Staples driven at the edges 40 alternate linearly with those located down the center of the mat. 10 S. G. Long—SIDEHILL PROJECT - 2003 .:i 4.0 PARTIAL LIST OF PLANTING MATERIAL SUPPLIERS The following sub -section lists sources which typically stock planting materials for the species referred to in this document. Other sources also exist which stock quality planting materials and can be contacted for price quotes. Arkansas Valley Seed Co. 4625 Colorado Blvd. P. O. Box 16025 Denver, Colorado 80216 303-320-7500 Anderson Seed Company 110 Anderson St. P. O. Box 1017 Lamar, Colorado 81052 719-336-2226 Beauty Beyond Belief 1730 South College Avenue #104 Fort Collins, Colorado 80525 970-221-3039 Bitterroot Restoration, Inc. 445 Quast Lane Corvallis, Montana 59828 406-961-4991 Granite Seed 1697 West 2100 North Lehi, Utah 84043 801-768-4422 Miller Grass Seed Co., Inc. P. O. Box 81823 1600 Comhusker Highway Lincoln, Nebraska 68501 402-438-1232 Southwest Seed P. O. Box 1604 605 25th Street Greeley, Colorado 80632 970-356-7002 Western Native Seed P. O. Box 188 25 Pine Edge Dr. Coaldale, Colorado 81222 719-942-3935 11 S. G. Long - SIDEHILL PROJECT - 2003 xnt�%IKiiTv nnno 4- EXHIBIT E A tract of land situate in the Southeast IX of Section 19. Township 7 North, Range 68 West of the a P.M., which considering the East line of the Northeast '/4 of said Section 19 as bearing S 00019'30' W and with all bearings contained herein relative thereto is contained within the boundary lines which begin at a point on the East line of the said Southeast'/. which bears S 00°29'55" W 367.03 feet from tf+e East 7/. comer of said Section 19 and run thence S OW29'55" W 2284.06 feet to the Southeast comer of said Section 19; thence S 89'53'54" W 1056.80 feet along the South line of the said Southeast y, to a point on the East right of way line of the Union Pacific Railroad; thence N 00'28'22" E 2276.85 feet along said East right of way line, thence N 89°30'30" E 1057.94 feet to the point of beginning, County of Latimer, State of Colorado. SIDEHILL FILING TWO AMENDMENT AGREEMENT NO. 1 THIS AMENDMENT AGREEMENT, made and entered into this - day of &V 2006, by and between the CITY OF FORT COLLINS, COLORADO, a Municipal Corporation, hereinafter referred to as the "City"; and Postle Development Company, a Colorado Corporation, hereinafter referred to as the "Developer'; and Sidehill Inc., a Colorado Corporation, hereafter referred to as the "Owner." WITNESSETH; WHEREAS, the City entered into a Development Agreement with Postle Development Company (as "Developer") and Sidehill Inc. (as "Owner") on August 10, 2005, the terms of which govern the development activities of the Developer pertaining to that certain real property situated in the County of Larimer, State of Colorado, (hereafter referred to as the "Property") and legally described as follows, to wit: Sidehill — Filing Two, a replat of Outlot A and Outlot B, Sidehill — filing One, located in Section 20, Township 7 North, Range 68 West of the 6th P.M., City of Fort Collins, County of Larimer, State of Colorado. WHEREAS, the parties presently desire to modify the Development Agreement; 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 hereto agree to amend the terms and conditions of the Development Agreement as follows: A. Subheading II (Special Conditions) Paragraph C. 12 shall be added as follows: 12. The Developer agrees to pay the City $250,000 for the Developer's portion of the following improvements that will be constructed by the City: (1) the outfall channel from the east side of County Road 9 east along the south side of the railroad tracks until the channel ties into the Poudre River; and (2) for the extension of the subdrain system from manhole MH-1 to where it ties into the outfall channel. Said payment shall be made prior to November 13, 2006. If said payment is not made by this date the City shall have the right to withhold the issuance of building permits and/or certificates of occupancy as provided in Section IILD of this agreement. In order for the City to construct the extension of the subdrain system to the outfall, the Developer shall provide a design for this extension that has been reviewed and approved by the City and any other necessary entities (example: railroad or ditch company) by November 13, 2006. If the Developer has met the above obligations, then the City agrees to provide the Developer with any extra dirt that is generated from the outfall channel work. i B. Subheading II (Special Conditions) Paragraph G. 5 shall be added as follows: 5• The Developer shall be allowed to tie in to and drain the subdrain system into the outfall channel that is planned to be constructed by the City east of County Road 9, south of the railroad tracks extending east to the Poudre River. C. All other terms and conditions of the Development Agreement shall remain unchanged and in full force and effect, except as expressly amended in this Amendment Agreement No. 1. IN WITNESS WHEREOF, the parties hereto have executed this agreement the day and year first above written. *10 APPROVED AS TO CONTENT: Lc t irector of Engine ng PROV AS TO FORM: Deputy City Attorney THE CITY OF F T C S, COLORADO, a Municipal Corp tion By:�- City Manager DEVELOPER: Postle D elop e Company, a Colorado Corporation By: — J es P stle, President C. Storm Drainage Lines and Appurtenances 1. The Final Development Plan Documents for this Development call for the phasing of the construction of storm drainage improvements. The Developer shall complete these improvements sequentially in accordance with said Final Development Plan Documents starting with Phase 1 and ending with Phase 3. The sequential completion of these improvements shall necessitate that the required overall site drainage certification be done in phases In accordance with the following requirements: a) All on -site and off -site storm drainage improvements associated with Phase 1 of this Development, as shown on the 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 45 building permits in Phase 1. Phase 1 construction shall include the overlot grading of the entire development site. Following the overlot grading of the entire site, all the disturbed areas in Phases 2 through 3 that are slated for future development shall be temporarily seeded and mulched. b) All on -site and off -site storm drainage improvements associated with Phase 2 of this Development, as shown on the 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 29 single family building permits in Phase 2 of the Development. c) All on -site and off -site storm drainage improvements associated with Phase 3 of this Development, as shown on the 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 34 building permits in Phase 3 of the Development. d) In all cases, completion of improvements shall include the certification by a professional engineer licensed in Colorado that the drainage facilities which serve any particular phase of 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 additional building permits in each phase. 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 reasonably decides that said drainage facilities no longer comply with the Final Development Plan Documents, the City shall give written notice to the Developer of all items which do not comply with the Final Development Plan Documents. Unless the Developer successfully appeals the M ATTEST: By: ames ostle, Secretary OWNER: m ATTEST: By:. J es ostle, Secretary 3 , a 17o)orado Corporation Manager 1 DEVELOPMENT AGREEMENT THIS AGREEMENT, is made and entered into this & day of 2004, by and between the CITY OF FORT COLLINS, COLORADO, a Municipal Corporation, hereinafter referred to as the "City"; and JamesCompany, a division of TOUSA Homes, Inc., a Florida Corporation, hereinafter referred to as the "Developer" and SIDEHILL ONE LLC, a Colorado limited Liability Company, SIDEHILL TWO LLC, a Colorado limited liability company, and POSTLE DEVELOPMENT COMPANY, a Colorado corporation, hereinafter referred to as the "Owner." WITNESSETH: WHEREAS, the Developer has acquired or will acquire from the Owner the rights to develop 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: A tract of land located in Section 20, Township 7 North, Range 68 West of the 6th Principal Meridian, City of Fort Collins, Larimer County, 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 master 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: General Conditions A. The terms of this Agreement shall govern all development activities of the 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 Final Development Plan Documents 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 approval of the site specific development plan. In the event that the Developer commences or performs any construction pursuant hereto after the passage of three (3) years from the date of approval of the site specific development plan, 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 or multi- family building, fire hydrants, electrical lines, 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, electrical 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 Final Development Plan Documents 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 Final Development Plan Documents and other approved documents pertaining to this Development on file with the City. 2 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 (water and sewer) leading in and from the main to the property line and all electrical lines. G. The installation of all utilities shown on the Final Development Plan Documents 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, for itself and its successor(s) in interest, 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 plans, 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 notify the Developer of any such claim within ninety (90) days after the City first receives written notice of 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 3 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 each phase of 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 property dedicated (both in fee simple and as easements) to the City associated with this Development (whether on or off -site) is 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 property as is dedicated to the City pursuant to this Development, is 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, for itself and its successor(s) in interest, 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 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 notify the Developer of any such claim within ninety (90) days after the City first receives written notice of 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. L. The Developer acknowledges and agrees that the City, as the owner of any adjacent property (the "City Property") on which off -site improvements may be constructed, or that may be damaged by the Developer's activities hereunder, expressly 4 retains (and does not by this Development Agreement waive) its rights as property owner. The City's rights as owner may include without limitation those rights associated with the protection of the City Property from damage, and/or the enforcement of restrictions, limitations and requirements associated with activities on the City Property by the Developer as an easement recipient. II. Special Conditions A. Water Lines 1. Prior to the issuance of any building permit(s) for this Development, the Developer shall, in accordance with Section 26-121 of the City Code, reimburse the City the sum of $54,037.52, plus inflation for the cost of the Developer's portion of the Drake Road/County Road 9 (now Ziegler Road) 24-inch water main. This reimbursement is based upon the front footage along the water main (2,350.08 feet) which is adjacent to portions of the Development. The inflation shall be calculated based upon the Construction Cost Index for Denver as published in the Engineering News Record of December 1, 1997. 2. Prior to the issuance of any building permit(s) for this Development, the Developer shall, in accordance with Section 26-121 of the City Code, reimburse the City the sum of $47,680.00, plus inflation for the cost of the Developer's portion of the Timberline Road 24-inch water main. This reimbursement is based upon the front footage along the water main (2,980 feet) which is adjacent to portions of the Development. The inflation shall be calculated based upon the Construction Cost Index for Denver as published in the Engineering News Record, of April, 1989. B. Sewer Lines 1. The existing sanitary sewer in Drake Road has insufficient capacity. The City is constructing a relief sewer project which includes a sewer from the Drake Water Reclamation Facility to a point approximately 1600 feet west of the northeast corner of Section 29. The remaining work includes approximately 665 feet of 42-inch sewer and 805 feet of 24-inch of sewer. The Developer agrees to pay one sixth of the cost of the 665 feet of 42-inch sewer including the cost of the railroad permit. The final amount of the reimbursement (estimated to be $47,400) will be determined following construction. Payment will be made by the Developer to the City within 60 days following completion of construction of the sewer. If payment is not made within 60 days, building permits will be withheld until reimbursement is received. C. Storm Drainage Lines and Appurtenances 1. All on -site and off -site storm drainage improvements associated with this Development, as shown on the Final Development Plan Documents, shall be completed by the Developer in accordance with said documents prior to the issuance of any certificates of occupancy in Tracts A, B or C (which represent the multi -family portion of this development) and prior to obtaining more than 20 building permits in the single family portion of this Development. Completion of improvements shall include the certification by a professional engineer licensed in Colorado that the drainage facilities (including the improvements on the off -site detention pond within the Rigden Farm Filing 6 property) which partially serve the Development have been constructed in conformance with said Final Development Plan Documents. This certification shall be submitted to the City at least two weeks prior to the date of issuance of any building permits or certificates of occupancy as appropriate. 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 II(C)(1) above) of said drainage facilities and during the construction of structures and /or lots within this Development the City reasonably decides that said drainage facilities no longer comply with the Final Development Plan Documents, the City shall give written notice to the Developer of all items which do not comply with the Final Development Plan Documents. Unless the Developer successfully appeals the decision of non-compliance, it shall bring such facilities back up to the standards and specifications as shown on the Final Development Plan Documents. 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 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 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 $ 86,889.20 prior to beginning construction to guarantee the proper installation and maintenance of the erosion control measures shown on the 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 erosion control provisions of the Final Development Plan Documents or the erosion control provisions of the Criteria after receiving notice of the same or an emergency situation exists which would reasonably require immediate mitigation measures, then, in either event, and 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 order to ensure that the Developer installs and maintains the erosion control measures throughout the build -out of this Development. 4. It is important that all lots be graded to drain in the configuration shown on the Final Development Plan Documents. For this reason the following additional requirements shall be followed for all buildings/structures on all lots: Prior to the issuance of a certificate of occupancy for any lot or building the Developer shall provide the City with certification that the lot and or the building have been graded correctly. This grading certification shall demonstrate that the lot or building finish floor elevation has been built in accordance with the elevation specified on the Final Development Plan Documents. The certification shall also show that the minimum floor elevation or minimum opening elevation for any building constructed is in compliance with the minimum elevation as required on the Final Development Plan Documents. The certification shall demonstrate as well that any minor swales adjacent to the building or on the lot have been graded correctly and in accordance with the grades shown on the Final Development Plan Documents. The certification shall also show that the elevations of all corners of the lot are in accordance with the elevations shown on the Final Development Plan Documents. 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. 5. The Developer shall obtain the City's prior approval of any changes from the 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 deemed such changes as being acceptable for the safe and efficient delivery of storm drainage water. 6. The Developer shall limit the construction of the off -site subdrain line to the limits of construction as shown on the Final Development Plan Documents. The contractor shall re -seed and restore all areas that are disturbed during construction of the off -site subdrain line in accordance with the Final Development Plan Documents promptly following construction unless precluded by winter, in which event, promptly in the spring. 7. The Developer shall ensure that no negative impact occurs to the adjoining property during the construction activities. No grading shall be done outside of the approved areas as shown on the Final Development Plan Documents. 8. The drainage design for this Development provides for the evacuation of storm drainage runoff in a reasonable amount of time out of the detention facilities and into the drainage outfall system. If, during or within 2 years after construction and acceptance of the detention facilities associated with this Development, surfacing or standing water conditions' persist in these facilities; and if such conditions are beyond what can be expected in accordance with the approved stormwater design, the Developer shall promptly, upon such discovery, install an adequate de -watering system in the detention facilities. Such a system shall be reviewed and approved by the City prior to installation. 9. The Developer shall be responsible for maintenance of all storm drainage facilities that are constructed outside of the public right-of-way. 10. In all areas associated with this Development that are to be landscaped or planted in accordance with the Final Development Plan documents, and do not require a building permit, the soils shall be loosened and amended by the Developer in accordance with Section 3.8.21 of the Land Use Code prior to the issuance of more than twenty (20) building permits in the Development. Completion of soil amendments shall include certification by the Developer that the work has been completed. This certification shall be submitted to the City at least two (2) weeks prior to the date of issuance of additional building permits in this Development. D. Streets. 1. Subject to the conditions of this Agreement, the City agrees to reimburse the Developer for oversizing public street improvements along Drake Road and Timberline Road for those portions of said streets that abut the Property as shown on the Final Development Plan Documents. Reimbursement for Drake Road shall be for oversizing the street from local (access) standards to minor arterial standards. Reimbursement for Timberline Road shall be for oversizing the street from local (access) standards to major 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). Notwithstanding the foregoing, the parties anticipate that the City will undertake the design and construction of the Timberline improvements using, in part, funds of the Developer, in accordance with Paragraphs II(D)(3) through II(D)(7) below, in which event the reimbursement provisions of this paragraph would not be applicable. 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, understands that the City's Adequate Public Facilities ("APF") provision applies to this Development as set forth in Section 3.7.3 of the City's Land Use Code ("LUC"). Accordingly, while this Development may proceed with construction of the on -site and off -site infrastructure improvements as shown on the Final Development Plan Documents, no building permits shall be issued for the Development until the provisions of said Section 3.7.3 of the LUC have been satisfied. This means that certain improvements must be made to the Prospect/Timberline intersection to increase the capacity of that intersection to service levels that will accommodate the traffic impacts of the pevelopment. While the City has these improvements programmed into the City's Capital Improvement Program, that project is unfunded and unscheduled at this time. Therefore, in order to satisfy the above - referenced APF requirement, if the Developer proceeds with the Development, the Developer has elected to fund the City's share of the capacity improvements that must be made to the Prospect/Timberline intersection (the "APF Improvements"), excluding street oversizing improvements.. The arrangement under which the Developer intends to provide said funding is set forth in Paragraphs II(D)(3) through II(D)(7) of this Agreement. If the Developer provides the funding as specified therein, the City will construct the APF Improvements at such time as it determines, in its sole discretion, that the funding provided by the Developer, in combination with such other funds as the City may consider necessary, is adequate to fully fund the scope of improvements that the City wishes to make. The cost of the APF Improvements that will need to be paid by the Developer is presently estimated to be $2,300,000. In order to proceed with the Development, the Developer hereby agrees to post a bond with the City, or provide other security in a form acceptable to the City, in said amount. Upon receipt of the Developers payment in the amount of $100,000 pursuant to Paragraph II(D)(5) below, the City will procure a design of the APF Improvements. At such time as said design has been finalized and a final cost estimate of the APF Improvements has been completed by the City, the Developer hereby agrees to adjust the amount of the decision of non-compliance, it shall bring such facilities back up to the standards and specifications as shown on the Final Development Plan Documents. 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 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 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 $156,605.13 prior to beginning construction to guarantee the groper installation and maintenance of the erosion control measures shown on the 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 erosion control provisions of the Final Development Plan Documents or the erosion control provisions of the Criteria after receiving notice of the same or an emergency situation exists which would reasonably require immediate mitigation measures, then, in either event, and 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 order to ensure that the Developer installs and maintains the erosion control measures throughout the build -out of this Development. 4. It is important that all lots be graded to drain in the configuration shown on the Final Development Plan Documents. For this reason the following additional requirements shall be followed for all buildings/structures on all lots: Prior to the issuance of a certificate of occupancy for any lot or building the Developer shall provide the City with certification that the lot and or the building has been graded correctly. This grading certification shall demonstrate that the lot or building finish floor elevation has been built in accordance with the elevation specified on the Final Development Plan Documents. The certification shall also show that the minimum floor elevation or minimum opening elevation for any building constructed is in compliance with the minimum elevation as required on the Final Development Plan Documents. The certification shall demonstrate as well that any minor swales adjacent to the building or on the lot have been graded correctly and In accordance with the grades shown on the Final Development Plan Documents. The certification shall also show that the elevations of all corners of the lot are in accordance with the elevations shown on the --final Development Plan Documents. Said certification shall be completed by a foregoing security to conform to the final cost estimate; provided, however, that in no event shall the amount of said security be required to exceed the sum of $2,500,000, In order to then fund the construction of the APF Improvements, the Developer will thereafter substitute cash for the security as provided in Paragraph II(D)(6) below. 4. Under Section 24-95 of the City Code, the Developer is also responsible for the construction of the local portion of Timberline Road adjacent to the Development. In lieu of actually constructing such local portion, the Developer may satisfy this obligation by making the following payments: a. Prior to the issuance of building permits for more than 75 dwelling units in Filing One, of the Development (excluding Outlot A), the Developer shall pay to the City Engineering Department, in cash, the local street portion of Timberline Road for Filing One excluding Outlot A. The amount to be paid under this provision shall be determined on the basis of the final design and estimate to be completed by the City. b. Prior to the issuance of building permits for more than 75 dwelling units in Outlot A within Filing One of the Development, the Developer shall pay to the City Engineering Department, in cash, the local street portion of Timberline Road for Outlot A, the amount of which payment shall also be determined on the basis of the final design and estimate to be completed by the City. 5. The Developer's initial payment of its local street portion under Paragraph II(D)(4) above shall be in the amount of $100,000. Said payment shall be paid in cash to the City Engineering Department to fund engineering and design work on the APF Improvements, and, notwithstanding any provision to the contrary in Paragraph II(D)(4) above, shall be due and payable upon the City's issuance of a development construction permit for the Development. Said payment ($100,000) shall be nonrefundable, whether or not the Developer elects to proceed with the Development, but shall in any event be credited to the Developer's local street portion referenced in Paragraph II(D)(4) above. 6. The City contemplates bidding the construction contract for the Timberline Road improvements in the Spring of 2005. Accordingly, on or before February 28, 2005, if the Developer is then proceeding with construction of the Development, the Developer hereby agrees to pay the balance of any local street portion cost that is still due for Filing One and Outlot A under Paragraph II(D)(4) above, together with the total amount of cash required to be paid by the Developer to fund the APF Improvements as required under Paragraph II(D)(3) above. 7. The Developer has caused a petition to be filed with the City Council requesting the formation of a SID in order to provide a mechanism whereby the Developer can be reimbursed for financing the required APF improvements. The formation of the SID shall be solely at the discretion of the City Council, and the City in 10 no way guarantees that the SID will, in fact, be established by the Council. If the Council does choose to establish the SID, the City will utilize the SID assessment payments of the property owners in the SID, including any SID payments made by the Developer as a benefited property owner in the District, to repay the Developer for the total amount actually paid by the Developer for the APF Improvements under this Agreement. If the SID is not established by the Council, the Developer shall continue to be obligated to satisfy the APF requirements in the manner described in Paragraphs II(D)(3) through II(D)(7) hereof in order for the Development to proceed, but only to the extent such APF requirements specifically apply to the Development. Those portions of the APF requirements applicable to the SC Group Investments, LLC Property (as hereinafter defined), if different from those applicable to the Development, shall be the responsibility of the developer of the SC Group Investments, LLC. Property If the Developer fails to satisfy such requirements with respect to the Development, the Development will not be able to proceed. Whether or not the SID is created, the parties agree that the Developer's posting of the security required under Paragraph II(D)(3) above, its replacement of the security with cash funds on or before February 28, 2005 under Paragraph II(D)(6) above, and its payment of its local street portion as provided in Paragraph II(D)(4) above, shall satisfy the APF requirements for the Development. Said payments shall also satisfy the APF requirements for the development of that certain neighboring parcel of real property shown on Exhibit "C," attached hereto and incorporated herein by this reference (the "SC Group Investments, LLC, Property").; provided, however, that said payments shall satisfy the APF requirements for the SC Group Investments, LLC Property only with regard to any development proposal submitted to the City for said property within five (5) years of the date of execution of this Agreement. 8. The Developer agrees that the Sharp Pointe Drive connection to Midpoint Drive is required for connectivity and circulation for this Development. The Developer is obligated to construct its local street portion of the Sharp Pointe Drive connection which is estimated to cost $120,443. In lieu of this construction; the Developer shall provide to the City Street Oversizing Fund one-third of said estimate, or the sum of $40,147.67, prior to the issuance of any building permits for Filing One of the Development, excluding Outlot A. In lieu of the lump sum payment to the City, the Developer may pay to the City $1,338.26, at the time of issuance of each of the first 30 building permits in Filing One of the Development, excluding Outlot A. The obligation of each future filing within the property will be identified and determined in each future Filing's Development Agreement. Any payment made under this Paragraph shall be in the amount of said estimate plus such additional amount as is necessary to bring the estimate current, accounting for actual inflation costs. The inflation factor shall be calculated using the construction cost index for Denver as published in the Engineering News Record (ENR) of September, 2003, and the same index published in the ENR in the month preceding payment of the reimbursement. 9. The Developer agrees to reimburse the City the sum of $384,061.79, plus a percentage added to recognize the effects of inflation, for the cost of constructing the Timberline and Drake improvement project adjacent to the Property 11 which was completed by the City in 2001. The inflation factor shall be calculated using the construction cost index for Denver as published in the Engineering News Record (ENR) of August, 2001, and the same index published in the ENR in the month preceding payment of the reimbursement. Payment shall be made to the City prior to the issuance of the first building permit in this Development. 10. Notwithstanding any provision herein to the contrary, the Developer shall be responsible for all costs for the initial installation of traffic signing and striping for this Development, including both signing and striping related to the Developer's internal street operations and the signing and striping of any adjacent or adjoining local, collector or arterial streets that is made necessary because of the Development. 11. 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. E. Natural Resources 1. The Developer shall ensure that all wetlands and uplands are properly maintained for a three (3) year period following construction thereof to ensure that the vegetation and hydrologic regime are fully established. Monitoring of the vegetation shall occur at least in June and September of the first growing season and in late summer of the remaining growing seasons. The status and effectiveness of the vegetation shall be evaluated and the results reported to the City of Fort Collins Natural Resources Department semi-annually for review. 2. The areas of the Development that are planned to be seeded, including the wetland mitigation, shall be inspected jointly by the Developer and the City at specified intervals for three (3) seasons or until determined by the City to be well established in accordance with the coverage specifications of this paragraph, whichever occurs first. Areas seeded in the Spring shall be inspected for required coverage each immediately subsequent Autumn not later than October 1 st. Areas seeded at any other time shall be inspected each immediately subsequent Summer not later than August 1st. 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 (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. The Developer shall be responsible for weed control at all times. 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 12 warrant all seeded areas for three (3)-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. 3. Fueling facilities shall be located at least one hundred (100) feet from natural body of water, wetland, natural drainage way or manmade drainage way. The fuel tanks and fueling area must be set in a containment area that will not allow a fuel spill to directly flow, seep, run off, or be washed into a body of water, wetland or drainage way. 4. The Developer shall delineate the Development's property boundary adjacent to all Limits of Development (L.O.D.) as defined by Article V, Section 5.1.2 of the Land Use Code, including boundaries around existing trees that are to be undisturbed, with orange construction fence prior to any type of construction, including overlot grading. 5. Prior to the commencement of any development activities within the Limits of Development, the Developer shall relocate or eradicate any prairie dogs inhabiting any portions of the site using City -approved methods as set forth in Chapter 4 of the City Code. If prairie dogs are present fumigation is best done between late April and early June and relocation shall occur prior to March 1 or after May 31 of any given year. F. Soil Amendment 1. In all areas associated with this Development that are to be landscaped or planted in accordance with the Final Development Plan Documents, and do not require a building permit, the soils shall be loosened and amended by the Developer in accordance with Section 3.8.21 of the Land Use Code prior to the issuance of more than twenty building permits in this Development. Completion of soil amendments shall include certification by the Developer that the work has been completed. This certification shall be submitted to the City at least two (2) weeks prior to the date of issuance of additional building permits in this Development. G. Ground Water, Subdrains and Water Rights 1. The City shall not be responsible for, and the Developer (for itself and its successor(s) in interest) 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 proximately caused by the City's negligent operation or maintenance of its storm drainage facilities in the Development. However, nothing herein shall be deemed a waiver by the City of its immunities, defenses, and limitations to liability under the 13 Colorado Governmental Immunity Act (Section 24-20-101 CRS, et. seq.) or under any other law. 2. If the Development includes a subdrain system (which for Filings 2 and 3 may incorporate a pump station), any such subdrain system, whether located within private property or within public property such as street rights -of -way or utility or other easements, shall not be owned, operated, maintained, repaired or reconstructed by the City and it is agreed that all ownership, operation, maintenance, repair and reconstruction obligations shall be those of the Developer or the Developer's successor(s) in interest. Such subdrain system is likely to be located both upon private and public property and, to the extent that it is located on public property, all maintenance, operation, repair or reconstruction shall be conducted in such a manner that such public property shall not be damaged, or if damaged, shall, upon completion of any such project, be repaired in accordance with then existing City standards. The City shall not be responsible for, and the Developer, for itself and its successor(s) in interest, hereby agrees to indemnify and hold harmless the City against any damages or injuries sustained in the Development as the result of groundwater seepage or flooding, structural damage or other damage resulting from failure of any such subdrain system. If a pump station is incorporated into the subdrain system for Filings 2 and 3 of the Development, the Developer (for itself and its successor(s) in interest) agrees to establish and fund an operation and maintenance account through a property owners' association in an amount mutually acceptable to the City and the Developer. 3. Without admitting or denying any duty to protect water rights, the Developer, for itself and its successor(s) in interest, hereby agrees to indemnify and hold harmless the City against any damages or injuries to water rights caused, directly or indirectly by the construction, establishment, maintenance or operation of the Development. 4. The City agrees to give notice to the Developer of any claim made against it to which the foregoing indemnities and hold harmless agreements 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 the Developer must obtain a complete discharge of all City liability through such settlement. Failure of the City to notify the Developer of any such claim within ninety (90) days after the City first receives written notice of the same, shall cause the forgoing indemnities and hold harmless agreements by the Developer to not apply to such claim and such failure shall constitute a release of the foregoing indemnities and hold harmless agreements as to such claim. H. 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. 2. Prior to beginning any building construction in Tracts A, B or C (which represent the multi -family portion of this development), and throughout the build- 14 out of this Development, the Developer shall provide and maintain at all times an accessway to said building or buildings. Such accessway shall be adequate to handle any emergency vehicles or equipment, and the accessway shall be kept open during all phases of construction. Such accessway shall be constructed to an unobstructed width of at least 20 feet with 4 inches of aggregate base course material compacted according to city standards and with an 80 foot diameter turnaround at the building end of said accessway. The turnaround is not required if an exit point is provided at the end of the accessway. Prior to the construction of said accessway; a plan for the accessway shall be submitted to and approved by the Poudre Fire Authority and City Engineer. (Three plan sets shall be submitted to the Poudre Fire Authority at 102 Remington Street for review and processing.) If such accessway is at any time deemed inadequate by the Poudre Fire Authority or City Engineer, the accessway shall be promptly brought into compliance and until such time that the accessway is brought into compliance, the City and/or the Poudre Fire Authority may issue a stop work order for all or part of the Development. I. 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 security to guarantee completion of the public improvements required for this Development, prior to issuance of the Development Construction Permit. J. 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 "D." Security for the 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 "D" 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. 15 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 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 (or to the extent permitted by law, revoke) 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. 16 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. All financial obligations of the City arising under this Agreement that are payable after the current fiscal year are contingent upon funds for that purpose being annually appropriated, budgeted and otherwise made available by the Fort Collins City Council, in its discretion. 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, 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. 1. In the event the Developer transfers title to the Property and 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. Notwithstanding any provision hereof to the contrary, City's sole remedy in the event Developer fails to make the payments described in Paragraph II(D) of this Agreement shall be to withhold permits or approvals to Developer for the Development until such time as such payments are made or alternative sources for the funds described in Paragraph II(D)(3), in the form acceptable to the City, are provided. 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 17 f 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.J 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: 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: JamesCompany, a division of TOUSA Homes, Inc. 2919 Valmont Road, Suite 204 Boulder, CO 80301 Attn: Dan Wenzinger With a copy to: Ms. Catherine A. Hance, Esquire DAVIS, GRAHAM & STUBBS, LLP 1550 Seventeenth Street, Suite 500 Denver, CO 80202 If to the Owner: SIDEHILL ONE LLC Coronado West 301 West Warner, Suite 134 Tempe, AZ 85284 Attn: John Cork 18 AND POSTLE DEVELOPMENT COMPANY 6800 79t' Street, Suite 201 Niwot, CO 80503 Attn: Jim Postle, President With a copy to: Mr. Peter Gold 301 West Warner, Suite 134 Tempe, AZ 85284 Notwithstanding the foregoing, if any party to this Agreement, or its 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, 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 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. �1- THE CITY OF FORT COLLINS, COLORADO, a Municipal Corporation By: 1. & �- City M ager 19 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. 5. The Developer shall obtain the City's prior approval of any changes from the 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 deemed such changes as being acceptable for the safe and efficient delivery of storm drainage water. 6. The Developer shall limit the construction of the off -site storm drainage improvement lines to the limits of construction as shown on the Final Development Plan Documents. The contractor shall re -seed and restore all areas that are disturbed during construction of the off -site storm drainage improvements in accordance with the Final Development Plan Documents promptly following construction. The Developer shall ensure that no negative impact occurs to the adjoining during the construction of the detention pond facilities. No grading shall be done outside of the approved areas as shown on the Final Development Plan Documents. 7. The drainage design for this Development provides for the evacuation of storm drainage runoff in a reasonable amount of time out of the water quality and detention facilities and into the drainage outfall system. The water quality and detention facilities have been designed to discharge stormwater runoff from frequent storms over a 40 hour period through a small diameter outlet. Under the intended operation of the water quality and detention pond, there will not be standing water in the pond more than 48 hours after the end of a rainfall event. If, during or within 2 years after construction and acceptance of the detention facilities associated with this Development, surfacing or standing water conditions persist in these facilities; and if such conditions are beyond what can be expected in accordance with the approved stormwater design, the Developer shall promptly, upon such discovery, install an adequate de -watering system in the detention facilities. Such a system shall be reviewed and app-oved by the City prior to Installation. 8. The Developer shall be responsible for maintenance of all storm drainage facilities that are constructed outside of the public right-of-way, except for the storm drainage lines B, C. D, E (but not E1), F, G, and H (but not H1) which lines shall be maintained in their entirety by the City following certification of these lines by the Developer and their acceptance by the City- 9. In accordance with the City's Foothill's master drainage plan and the applicable Final Development Plan Documents, the 100-year developed stormwater flow from the Development shall be detained, and these developed flows shall be eleased into the Fossil Creek Reservoir Inlet Ditch at a rate not to exceed 85 cfs for the 100-year design storm. APPROVED AS TO CO TENT: ftft]c t ,� City Engineer Ir APP�R�OVV S TO FORM: Deputy City Attorney DEVELOPER: JamesCompany, a division of TOUSA Homes, Inc., a Rna ida Corporation In Dan Wenzinger, xecutve Vice President, Operations OWNER: SIDEHILL ONE LLC, a Colorado limited liability company _ SIDEHILL/RIVO LLC, a Colorado limited liability company 20 07 Managing Member DEVELOPMENT COMPANY,a , President EXHIBIT "A" Schedule of electrical service installation. Electrical lines need to be installed prior to the installation of the sidewalk, curb returns, handicap ramps, paving and landscaping. If the Developer installs any curb return, sidewalk or handicap ramp prior to the installation of electrical lines in an area that interferes with the installation of the electrical line installation, the Developer shall be responsible for the cost of removal and replacement of those items and any associated street repairs. 2. Schedule of water lines to be installed out of sequence. Not Applicable. 3. Schedule of sanitary sewer lines to be installed out of sequence. Not Applicable. 4. Schedule of street improvements to be installed out of sequence. Not Applicable 5. Schedule of storm drainage improvements to be installed out of sequence. Not Applicable. 21 EXHIBIT "B" Not Applicable 22 EXHIBIT "C" A tract of land situate in the Southeast Y< of Section 19, Township 7 North, Range 68 West of the 6`h P.M., which considering the East line of the Northeast '/4 of said Section 19 as bearing S 00019'30" W and with all bearings contained herein relative thereto is contained within the boundary lines which begin at a point on the East line of the said Southeast Y< which bears S 00°29'55" W 367.93 feet from the East'/. corner of said Section 19 and run thence S 00°29'55" W 2284.06 feet to the Southeast corner of said Section 19; thence S 89°53'54" W 1056.80 feet along the South line of the said Southeast '/4 to a point on the East right of way line of the Union Pacific Railroad; thence N 00028'22" E 2276.85 feet along said East right of way line, thence N 89"30'30" E 1057.94 feet to the point of beginning, County of Larimer, State of Colorado. 23 EXHIBIT "D" MAINTENANCE GUARANTEE: The Developer hereby warrants and guarantees to the City, for a period of two (2) years from the date of completion and first 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 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 24 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. 25 1 DEVELOPMENT AGREEMENT THIS AGREEMENT, is made and entered into this & day of 2004, by and between the CITY OF FORT COLLINS, COLORADO, a Municipal Corporation, hereinafter referred to as the "City"; and JamesCompany, a division of TOUSA Homes, Inc., a Florida Corporation, hereinafter referred to as the "Developer" and SIDEHILL ONE LLC, a Colorado limited Liability Company, SIDEHILL TWO LLC, a Colorado limited liability company, and POSTLE DEVELOPMENT COMPANY, a Colorado corporation, hereinafter referred to as the "Owner." WITNESSETH: WHEREAS, the Developer has acquired or will acquire from the Owner the rights to develop 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: A tract of land located in Section 20, Township 7 North, Range 68 West of the 6th Principal Meridian, City of Fort Collins, Larimer County, 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 master 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: General Conditions A. The terms of this Agreement shall govern all development activities of the 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 Final Development Plan Documents 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 approval of the site specific development plan. In the event that the Developer commences or performs any construction pursuant hereto after the passage of three (3) years from the date of approval of the site specific development plan, 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 or multi- family building, fire hydrants, electrical lines, 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, electrical 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 Final Development Plan Documents 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 Final Development Plan Documents and other approved documents pertaining to this Development on file with the City. 2 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 (water and sewer) leading in and from the main to the property line and all electrical lines. G. The installation of all utilities shown on the Final Development Plan Documents 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, for itself and its successor(s) in interest, 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 plans, 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 notify the Developer of any such claim within ninety (90) days after the City first receives written notice of 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 3 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 each phase of 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 property dedicated (both in fee simple and as easements) to the City associated with this Development (whether on or off -site) is 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 property as is dedicated to the City pursuant to this Development, is 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, for itself and its successor(s) in interest, 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 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 notify the Developer of any such claim within ninety (90) days after the City first receives written notice of 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. L. The Developer acknowledges and agrees that the City, as the owner of any adjacent property (the "City Property") on which off -site improvements may be constructed, or that may be damaged by the Developer's activities hereunder, expressly 4 10. The Developer shall obtain a permit for grading and construction improvements within the Fossil Creek Reservoir Inlet Ditch right of way or easement limits. Such permit shall include the Developer's agreement to indemnify and hold harmless the Fossil Creek Reservoir Inlet Ditch ("Irrigation Company") and the City from any claims, damages, injury or cause of action against the Irrigation Company or the City by the Developer, or its successors and assigns, in relation to the normal operation and use of the ditch by the Irrigation Company. The Developer shall further indemnify and hold harmless the City and the Irrigation Company from any such claims, damages, injury or cause of action by third parties which result from the increase in stormwater flows added to the canal by the Developer in excess of historic flows except as such claims, damages, injury or cause of action are as a result of a negligent act or acts of the Irrigation Company. 11. The Developer shall limit the construction of the off -site storm drainage improvement lines to the "limits of development" as delineated on the Final Development Plan Documents. The limits of development shall be delineated in the field with a construction fence and said fence shall be installed prior to the commencement of any grading or construction in the properties adjacent to this Development. The contractor shall re -seed and restore all areas that are disturbed during construction of the off -site storm drainage improvements in accordance with the Final Development Plan Documents promptly following the conclusion of construction activities. D. Streets. 1. Subject to the conditions of this Agreement, the City agrees to reimburse the Developer for oversizing public street improvements along Timberline Road for that portion of said street that abut the Property as shown on the Final Development Plan Documents. Reimbursement for Timberline Road shall be for oversizing the street from local (access) standards to major arterial standards. The City shall make reimoursement 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 retains (and does not by this Development Agreement waive) its rights as property owner. The City's rights as owner may include without limitation those rights associated with the protection of the City Property from damage, and/or the enforcement of restrictions, limitations and requirements associated with activities on the City Property by the Developer as an easement recipient. II. Special Conditions A. Water Lines 1. Prior to the issuance of any building permit(s) for this Development, the Developer shall, in accordance with Section 26-121 of the City Code, reimburse the City the sum of $54,037.52, plus inflation for the cost of the Developer's portion of the Drake Road/County Road 9 (now Ziegler Road) 24-inch water main. This reimbursement is based upon the front footage along the water main (2,350.08 feet) which is adjacent to portions of the Development. The inflation shall be calculated based upon the Construction Cost Index for Denver as published in the Engineering News Record of December 1, 1997. 2. Prior to the issuance of any building permit(s) for this Development, the Developer shall, in accordance with Section 26-121 of the City Code, reimburse the City the sum of $47,680.00, plus inflation for the cost of the Developer's portion of the Timberline Road 24-inch water main. This reimbursement is based upon the front footage along the water main (2,980 feet) which is adjacent to portions of the Development. The inflation shall be calculated based upon the Construction Cost Index for Denver as published in the Engineering News Record, of April, 1989. B. Sewer Lines 1. The existing sanitary sewer in Drake Road has insufficient capacity. The City is constructing a relief sewer project which includes a sewer from the Drake Water Reclamation Facility to a point approximately 1600 feet west of the northeast corner of Section 29. The remaining work includes approximately 665 feet of 42-inch sewer and 805 feet of 24-inch of sewer. The Developer agrees to pay one sixth of the cost of the 665 feet of 42-inch sewer including the cost of the railroad permit. The final amount of the reimbursement (estimated to be $47,400) will be determined following construction. Payment will be made by the Developer to the City within 60 days following completion of construction of the sewer. If payment is not made within 60 days, building permits will be withheld until reimbursement is received. C. Storm Drainage Lines and Appurtenances 1. All on -site and off -site storm drainage improvements associated with this Development, as shown on the Final Development Plan Documents, shall be completed by the Developer in accordance with said documents prior to the issuance of any certificates of occupancy in Tracts A, B or C (which represent the multi -family portion of this development) and prior to obtaining more than 20 building permits in the single family portion of this Development. Completion of improvements shall include the certification by a professional engineer licensed in Colorado that the drainage facilities (including the improvements on the off -site detention pond within the Rigden Farm Filing 6 property) which partially serve the Development have been constructed in conformance with said Final Development Plan Documents. This certification shall be submitted to the City at least two weeks prior to the date of issuance of any building permits or certificates of occupancy as appropriate. 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 II(C)(1) above) of said drainage facilities and during the construction of structures and /or lots within this Development the City reasonably decides that said drainage facilities no longer comply with the Final Development Plan Documents, the City shall give written notice to the Developer of all items which do not comply with the Final Development Plan Documents. Unless the Developer successfully appeals the decision of non-compliance, it shall bring such facilities back up to the standards and specifications as shown on the Final Development Plan Documents. 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 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 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 $ 86,889.20 prior to beginning construction to guarantee the proper installation and maintenance of the erosion control measures shown on the 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 erosion control provisions of the Final Development Plan Documents or the erosion control provisions of the Criteria after receiving notice of the same or an emergency situation exists which would reasonably require immediate mitigation measures, then, in either event, and 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 order to ensure that the Developer installs and maintains the erosion control measures throughout the build -out of this Development. 4. It is important that all lots be graded to drain in the configuration shown on the Final Development Plan Documents. For this reason the following additional requirements shall be followed for all buildings/structures on all lots: Prior to the issuance of a certificate of occupancy for any lot or building the Developer shall provide the City with certification that the lot and or the building have been graded correctly. This grading certification shall demonstrate that the lot or building finish floor elevation has been built in accordance with the elevation specified on the Final Development Plan Documents. The certification shall also show that the minimum floor elevation or minimum opening elevation for any building constructed is in compliance with the minimum elevation as required on the Final Development Plan Documents. The certification shall demonstrate as well that any minor swales adjacent to the building or on the lot have been graded correctly and in accordance with the grades shown on the Final Development Plan Documents. The certification shall also show that the elevations of all corners of the lot are in accordance with the elevations shown on the Final Development Plan Documents. 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. 5. The Developer shall obtain the City's prior approval of any changes from the 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 deemed such changes as being acceptable for the safe and efficient delivery of storm drainage water. 6. The Developer shall limit the construction of the off -site subdrain line to the limits of construction as shown on the Final Development Plan Documents. The contractor shall re -seed and restore all areas that are disturbed during construction of the off -site subdrain line in accordance with the Final Development Plan Documents promptly following construction unless precluded by winter, in which event, promptly in the spring. 7. The Developer shall ensure that no negative impact occurs to the adjoining property during the construction activities. No grading shall be done outside of the approved areas as shown on the Final Development Plan Documents. 8. The drainage design for this Development provides for the evacuation of storm drainage runoff in a reasonable amount of time out of the detention facilities and into the drainage outfall system. If, during or within 2 years after construction and acceptance of the detention facilities associated with this Development, surfacing or standing water conditions' persist in these facilities; and if such conditions are beyond what can be expected in accordance with the approved stormwater design, the Developer shall promptly, upon such discovery, install an adequate de -watering system in the detention facilities. Such a system shall be reviewed and approved by the City prior to installation. 9. The Developer shall be responsible for maintenance of all storm drainage facilities that are constructed outside of the public right-of-way. 10. In all areas associated with this Development that are to be landscaped or planted in accordance with the Final Development Plan documents, and do not require a building permit, the soils shall be loosened and amended by the Developer in accordance with Section 3.8.21 of the Land Use Code prior to the issuance of more than twenty (20) building permits in the Development. Completion of soil amendments shall include certification by the Developer that the work has been completed. This certification shall be submitted to the City at least two (2) weeks prior to the date of issuance of additional building permits in this Development. D. Streets. 1. Subject to the conditions of this Agreement, the City agrees to reimburse the Developer for oversizing public street improvements along Drake Road and Timberline Road for those portions of said streets that abut the Property as shown on the Final Development Plan Documents. Reimbursement for Drake Road shall be for oversizing the street from local (access) standards to minor arterial standards. Reimbursement for Timberline Road shall be for oversizing the street from local (access) standards to major 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). Notwithstanding the foregoing, the parties anticipate that the City will undertake the design and construction of the Timberline improvements using, in part, funds of the Developer, in accordance with Paragraphs II(D)(3) through II(D)(7) below, in which event the reimbursement provisions of this paragraph would not be applicable. 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, understands that the City's Adequate Public Facilities ("APF") provision applies to this Development as set forth in Section 3.7.3 of the City's Land Use Code ("LUC"). Accordingly, while this Development may proceed with construction of the on -site and off -site infrastructure improvements as shown on the Final Development Plan Documents, no building permits shall be issued for the Development until the provisions of said Section 3.7.3 of the LUC have been satisfied. This means that certain improvements must be made to the Prospect/Timberline intersection to increase the capacity of that intersection to service levels that will accommodate the traffic impacts of the pevelopment. While the City has these improvements programmed into the City's Capital Improvement Program, that project is unfunded and unscheduled at this time. Therefore, in order to satisfy the above - referenced APF requirement, if the Developer proceeds with the Development, the Developer has elected to fund the City's share of the capacity improvements that must be made to the Prospect/Timberline intersection (the "APF Improvements"), excluding street oversizing improvements.. The arrangement under which the Developer intends to provide said funding is set forth in Paragraphs II(D)(3) through II(D)(7) of this Agreement. If the Developer provides the funding as specified therein, the City will construct the APF Improvements at such time as it determines, in its sole discretion, that the funding provided by the Developer, in combination with such other funds as the City may consider necessary, is adequate to fully fund the scope of improvements that the City wishes to make. The cost of the APF Improvements that will need to be paid by the Developer is presently estimated to be $2,300,000. In order to proceed with the Development, the Developer hereby agrees to post a bond with the City, or provide other security in a form acceptable to the City, in said amount. Upon receipt of the Developers payment in the amount of $100,000 pursuant to Paragraph II(D)(5) below, the City will procure a design of the APF Improvements. At such time as said design has been finalized and a final cost estimate of the APF Improvements has been completed by the City, the Developer hereby agrees to adjust the amount of the foregoing security to conform to the final cost estimate; provided, however, that in no event shall the amount of said security be required to exceed the sum of $2,500,000, In order to then fund the construction of the APF Improvements, the Developer will thereafter substitute cash for the security as provided in Paragraph II(D)(6) below. 4. Under Section 24-95 of the City Code, the Developer is also responsible for the construction of the local portion of Timberline Road adjacent to the Development. In lieu of actually constructing such local portion, the Developer may satisfy this obligation by making the following payments: a. Prior to the issuance of building permits for more than 75 dwelling units in Filing One, of the Development (excluding Outlot A), the Developer shall pay to the City Engineering Department, in cash, the local street portion of Timberline Road for Filing One excluding Outlot A. The amount to be paid under this provision shall be determined on the basis of the final design and estimate to be completed by the City. b. Prior to the issuance of building permits for more than 75 dwelling units in Outlot A within Filing One of the Development, the Developer shall pay to the City Engineering Department, in cash, the local street portion of Timberline Road for Outlot A, the amount of which payment shall also be determined on the basis of the final design and estimate to be completed by the City. 5. The Developer's initial payment of its local street portion under Paragraph II(D)(4) above shall be in the amount of $100,000. Said payment shall be paid in cash to the City Engineering Department to fund engineering and design work on the APF Improvements, and, notwithstanding any provision to the contrary in Paragraph II(D)(4) above, shall be due and payable upon the City's issuance of a development construction permit for the Development. Said payment ($100,000) shall be nonrefundable, whether or not the Developer elects to proceed with the Development, but shall in any event be credited to the Developer's local street portion referenced in Paragraph II(D)(4) above. 6. The City contemplates bidding the construction contract for the Timberline Road improvements in the Spring of 2005. Accordingly, on or before February 28, 2005, if the Developer is then proceeding with construction of the Development, the Developer hereby agrees to pay the balance of any local street portion cost that is still due for Filing One and Outlot A under Paragraph II(D)(4) above, together with the total amount of cash required to be paid by the Developer to fund the APF Improvements as required under Paragraph II(D)(3) above. 7. The Developer has caused a petition to be filed with the City Council requesting the formation of a SID in order to provide a mechanism whereby the Developer can be reimbursed for financing the required APF improvements. The formation of the SID shall be solely at the discretion of the City Council, and the City in 10 no way guarantees that the SID will, in fact, be established by the Council. If the Council does choose to establish the SID, the City will utilize the SID assessment payments of the property owners in the SID, including any SID payments made by the Developer as a benefited property owner in the District, to repay the Developer for the total amount actually paid by the Developer for the APF Improvements under this Agreement. If the SID is not established by the Council, the Developer shall continue to be obligated to satisfy the APF requirements in the manner described in Paragraphs II(D)(3) through II(D)(7) hereof in order for the Development to proceed, but only to the extent such APF requirements specifically apply to the Development. Those portions of the APF requirements applicable to the SC Group Investments, LLC Property (as hereinafter defined), if different from those applicable to the Development, shall be the responsibility of the developer of the SC Group Investments, LLC. Property If the Developer fails to satisfy such requirements with respect to the Development, the Development will not be able to proceed. Whether or not the SID is created, the parties agree that the Developer's posting of the security required under Paragraph II(D)(3) above, its replacement of the security with cash funds on or before February 28, 2005 under Paragraph II(D)(6) above, and its payment of its local street portion as provided in Paragraph II(D)(4) above, shall satisfy the APF requirements for the Development. Said payments shall also satisfy the APF requirements for the development of that certain neighboring parcel of real property shown on Exhibit "C," attached hereto and incorporated herein by this reference (the "SC Group Investments, LLC, Property").; provided, however, that said payments shall satisfy the APF requirements for the SC Group Investments, LLC Property only with regard to any development proposal submitted to the City for said property within five (5) years of the date of execution of this Agreement. 8. The Developer agrees that the Sharp Pointe Drive connection to Midpoint Drive is required for connectivity and circulation for this Development. The Developer is obligated to construct its local street portion of the Sharp Pointe Drive connection which is estimated to cost $120,443. In lieu of this construction; the Developer shall provide to the City Street Oversizing Fund one-third of said estimate, or the sum of $40,147.67, prior to the issuance of any building permits for Filing One of the Development, excluding Outlot A. In lieu of the lump sum payment to the City, the Developer may pay to the City $1,338.26, at the time of issuance of each of the first 30 building permits in Filing One of the Development, excluding Outlot A. The obligation of each future filing within the property will be identified and determined in each future Filing's Development Agreement. Any payment made under this Paragraph shall be in the amount of said estimate plus such additional amount as is necessary to bring the estimate current, accounting for actual inflation costs. The inflation factor shall be calculated using the construction cost index for Denver as published in the Engineering News Record (ENR) of September, 2003, and the same index published in the ENR in the month preceding payment of the reimbursement. 9. The Developer agrees to reimburse the City the sum of $384,061.79, plus a percentage added to recognize the effects of inflation, for the cost of constructing the Timberline and Drake improvement project adjacent to the Property 11 which was completed by the City in 2001. The inflation factor shall be calculated using the construction cost index for Denver as published in the Engineering News Record (ENR) of August, 2001, and the same index published in the ENR in the month preceding payment of the reimbursement. Payment shall be made to the City prior to the issuance of the first building permit in this Development. 10. Notwithstanding any provision herein to the contrary, the Developer shall be responsible for all costs for the initial installation of traffic signing and striping for this Development, including both signing and striping related to the Developer's internal street operations and the signing and striping of any adjacent or adjoining local, collector or arterial streets that is made necessary because of the Development. 11. 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. E. Natural Resources 1. The Developer shall ensure that all wetlands and uplands are properly maintained for a three (3) year period following construction thereof to ensure that the vegetation and hydrologic regime are fully established. Monitoring of the vegetation shall occur at least in June and September of the first growing season and in late summer of the remaining growing seasons. The status and effectiveness of the vegetation shall be evaluated and the results reported to the City of Fort Collins Natural Resources Department semi-annually for review. 2. The areas of the Development that are planned to be seeded, including the wetland mitigation, shall be inspected jointly by the Developer and the City at specified intervals for three (3) seasons or until determined by the City to be well established in accordance with the coverage specifications of this paragraph, whichever occurs first. Areas seeded in the Spring shall be inspected for required coverage each immediately subsequent Autumn not later than October 1 st. Areas seeded at any other time shall be inspected each immediately subsequent Summer not later than August 1st. 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 (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. The Developer shall be responsible for weed control at all times. 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 12 warrant all seeded areas for three (3)-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. 3. Fueling facilities shall be located at least one hundred (100) feet from natural body of water, wetland, natural drainage way or manmade drainage way. The fuel tanks and fueling area must be set in a containment area that will not allow a fuel spill to directly flow, seep, run off, or be washed into a body of water, wetland or drainage way. 4. The Developer shall delineate the Development's property boundary adjacent to all Limits of Development (L.O.D.) as defined by Article V, Section 5.1.2 of the Land Use Code, including boundaries around existing trees that are to be undisturbed, with orange construction fence prior to any type of construction, including overlot grading. 5. Prior to the commencement of any development activities within the Limits of Development, the Developer shall relocate or eradicate any prairie dogs inhabiting any portions of the site using City -approved methods as set forth in Chapter 4 of the City Code. If prairie dogs are present fumigation is best done between late April and early June and relocation shall occur prior to March 1 or after May 31 of any given year. F. Soil Amendment 1. In all areas associated with this Development that are to be landscaped or planted in accordance with the Final Development Plan Documents, and do not require a building permit, the soils shall be loosened and amended by the Developer in accordance with Section 3.8.21 of the Land Use Code prior to the issuance of more than twenty building permits in this Development. Completion of soil amendments shall include certification by the Developer that the work has been completed. This certification shall be submitted to the City at least two (2) weeks prior to the date of issuance of additional building permits in this Development. G. Ground Water, Subdrains and Water Rights 1. The City shall not be responsible for, and the Developer (for itself and its successor(s) in interest) 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 proximately caused by the City's negligent operation or maintenance of its storm drainage facilities in the Development. However, nothing herein shall be deemed a waiver by the City of its immunities, defenses, and limitations to liability under the 13 Colorado Governmental Immunity Act (Section 24-20-101 CRS, et. seq.) or under any other law. 2. If the Development includes a subdrain system (which for Filings 2 and 3 may incorporate a pump station), any such subdrain system, whether located within private property or within public property such as street rights -of -way or utility or other easements, shall not be owned, operated, maintained, repaired or reconstructed by the City and it is agreed that all ownership, operation, maintenance, repair and reconstruction obligations shall be those of the Developer or the Developer's successor(s) in interest. Such subdrain system is likely to be located both upon private and public property and, to the extent that it is located on public property, all maintenance, operation, repair or reconstruction shall be conducted in such a manner that such public property shall not be damaged, or if damaged, shall, upon completion of any such project, be repaired in accordance with then existing City standards. The City shall not be responsible for, and the Developer, for itself and its successor(s) in interest, hereby agrees to indemnify and hold harmless the City against any damages or injuries sustained in the Development as the result of groundwater seepage or flooding, structural damage or other damage resulting from failure of any such subdrain system. If a pump station is incorporated into the subdrain system for Filings 2 and 3 of the Development, the Developer (for itself and its successor(s) in interest) agrees to establish and fund an operation and maintenance account through a property owners' association in an amount mutually acceptable to the City and the Developer. 3. Without admitting or denying any duty to protect water rights, the Developer, for itself and its successor(s) in interest, hereby agrees to indemnify and hold harmless the City against any damages or injuries to water rights caused, directly or indirectly by the construction, establishment, maintenance or operation of the Development. 4. The City agrees to give notice to the Developer of any claim made against it to which the foregoing indemnities and hold harmless agreements 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 the Developer must obtain a complete discharge of all City liability through such settlement. Failure of the City to notify the Developer of any such claim within ninety (90) days after the City first receives written notice of the same, shall cause the forgoing indemnities and hold harmless agreements by the Developer to not apply to such claim and such failure shall constitute a release of the foregoing indemnities and hold harmless agreements as to such claim. H. 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. 2. Prior to beginning any building construction in Tracts A, B or C (which represent the multi -family portion of this development), and throughout the build- 14