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HomeMy WebLinkAboutSTRACHAN THIRD - Filed OA-OTHER AGREEMENTS - 2011-12-29I SECURITY PLEDGE To secure the obligation of Consulting Associates, Ltd. (the "Owner") to install and maintain in a satisfactory condition all landscaping shown on the landscape plan for the development as represented on the Exhibit attached hereto as "Exhibit A" submitted to and approved by the City of Fort Collins, Colorado, (the "City"), pursuant to the landscaping provisions as contained in Chapter 118 of the code of the City of Fort Collins, E. E. Kitchell & Co. (the "Pledgor"), hereby pledges the following property, to -wit: City of Fort Collins [dater Rights Certificates equivalent to 95.7929 acre feet. By the execution of the Pledge, the Pledgor assigns such Water Rights Certificates to the City. Such assignment is made pursuant to this Pledge and subject to the terms hereof. For the purpose of this Pledge the parties agree that the City Water Rights hereby pledged shall be valued at One Thousand Five Hundred Dollars ($1,500.00) per acre foot right. The security required by the City to guarantee the obligation of the Owner is Four Thousand Eight Hundred Seventy -Five and Dollars ($4,875.00). Therefore, the portion of the Water Rights pledged hereby is 3.25 acre feet. The City will release any water rights held under this Pledge in excess of 3.25 acre feet as the Pledgor may request or may accept portions of such excess as a pledge to guarantee other obligation to the City. The obligation secured by this Pledge expires September 1, 1984, and this Pledge shall therefore expire on such date, except to the extent forfeited pur- suant to the terms hereof. Upon expiration the City shall reassign the water rights certificates to the Pledgor (unless the same are then subject to another pledge). , CONSULTING ASSOCIATES, LTD. Allocated Area A tract of land situate in the Southwest 1/4 of Section 25, Township 7 ` North, Range'69 West of the Sixth P.M., Fort Collins, Colorado, which, considering the South line of the. said Southwest 1/4 as bearing N 89° 45.'. 30" E and with all bearings contained herein relative thereto is —contained within the boundary lines which begin at a point which bears N.890 45' 30" E 1773,35.feet and again.N 000 14' 30" W 50.00 feet from.. the Southwest corner of said Section 25 and run thence S 89' 45' 30" W 212.00 feet; thence N 000 14' 30" W 135.00 feet; thence N 44` 45' 30" E 260.46 feet; thence S 53' 45' 30" E 141.48 feet; thence along the arc of a 376.80 foot radius curve to the lefta distance of 235.00 feet, the long chord of which bears S 17` 37' 30" W 231.21 feet; thence along the arc of a 15.00 foot radius curve to the right a distance of 23.56 feet, the Tong chord of which bears S 44* 45' 30" W 21.21 feet to the point of beginning, containing 61,615 square feet, more or less. I M G SECURITY PLEDCF i To secure the obligation of Financial Plaza, Ltd. (the "Owner") to install and maintain in a satisfactory condition all Landscaping shown on the Landscape plan for the development as represented on the Exhibit attached hereto ns -Exhibit A" submitted to and approved by the City of Fort Collins, Colorado, (the "City'), pursuant to the landscaping provisions as contained in Chapter 118 of the code of the City of Fort Collins, E. E. Mitchell b Co. (the "Pledgor"), hereby pledges the following property, to —wit: City of Fort Collins Water Rights Certificates equivalent to 95.1929 acre feet. By the execution of the Pledge, the Pledgor assigns such Water Rights Certificates to the City. Such assignment is made pursuant to this Pledge and subject to the terms hereof. For the purpose of this Pledge the parties agree that the City Water Rights hereby pledged shall be valued at One Thousand Three Hundred Dollars($1,300.00) per acre foot right. The security required by the City to guarantee the obligation of the Owner is Forty one thousand fifty and 00/100 Dollars ($41,050). Therefore, the portion of the Water Rights pledged hereby is 31.57 :acre feet. The City will release any water rights held under this Pledge in excess of 31.57acre feet as the Pledgor may request or may accept portions of such excess as a pledge to guarantee other obligation to Elie City. The obligation secured by this Pledge expires 'Aarch.5, 1986, and this Pledge shall therefore expire on such date, except to the extent forfeited pur- scant to Elie terms hereof. Upon expiration the City shall reassign the water right:; ccrtif icates to the I'ledgor (unles:; the same are then subject to another L cm The condition of this pledge is that if the Owner shall well and in due course perform its obligation referred to above, then the security hereby pled,Qd shall, on the expiration date be returned to the Pledgor. In the event of any default by the Owner and after twenty-four hours (24) notice to the Owner and the Pledgor, and failure to cure the default within such twenty-four hour (24) period, the property herein pledged shall be forfeited to the City to the extent the City expends costs on account of such default. The City Water Rights Certificate, a portion of which is pledged hereby, Is presently held by the City. This Pledge is given in lieu of the owner providing a letter of credit to secure its landscaping obligations on the Financial Plaza, Ltd. allocated area. Dated March 5 , 1984 ATTEST: Oi A-0—_ 1s�k:��_gts��e���ceccta=X Barbara Herron, Assistant Secretary ATTEST: Deputy City Clerk E. E. MITCHELL b CO. A. R. Chamberlain. President THE CITY OF FORT COLLINS, a Municipal. Corporation By: STATE OF COLORADO) ) s . COUNTY OF [.ARIMER) The foregoing instrument was ackiowledged before me this 5th day of —1larch W 198,, by A. R. Chamberlain as President and 8adnU �a pp-j�'r{n Ass�1stant"S��cretaryE. Mitchell 6 Co. Witness my hand anti offric�al seal. M} commlt.;ton expires: 9/26/87 I,`l Notary Publ',tc P.O. Box NO Ft. Collins, CO 80522 4 STATE OF COLORADO) ) ss. COUNTY OF LARIMER) The foregoing instrument was acknowledged before me this day of 1984 by Municipal Corportion. Witness my hand and official seal. My commission expires. City of Fort Collins, a Notary Public I SECURITY PLEDGE To secure the obligation of Financial Plaza, Ltd. (the "Owner") to install and maintain in a satisfactory con- dition all landscaping shown on the landscape plan for the development as represented on the Exhibit attached hereto as "Exhibit A" submitted to and approved by the City of Fort Collins, Colorado, (the "City"), pursuant to the landscaping provisions as contained in Chapter 118 of the code of the City of Fort Collins, E. E. Mitchell & Co. (the "Pledgor") hereby pledges the following property, to -wit: City of Fort Collins Water Rights Certificates equivalent to 95.7929 acre feet. By the execution of the Pledge, the Pledgor assigns such Water Rights Certificates to the City. Such assignment is made pursuant to this Pledge and subject to the terms hereof. For the purpose of this Pledge the parties agree that the City Water Rights hereby pledged shall be valued at One Thousand Three Hundred Dollars ($1,300.00) per acre foot right. The security required by the City to guarantee the obligation of the Owner is Sixty Thousand Four Hundred Twenty Five Dollars ($60,425.00). Therefore, the portion of the Water Rights pledged hereby is 11.62 acre feet. The City will release any water rights held under this Pledge in excess of 11.62 acre feet as the Pledgor may request or may accept portions of such excess as a Pledge to guarantee other obligation to the City. n M The obligation secured by this Pledge expires August 30, 1986 and this Pledge shall therefore expire on such date, except to the extent forfeited pursuant to the terms hereof. Upon expira- tion the City shall reassign the water rights certificates to the Pledgor (unless the same are then subject to another pledge). The condition of this Pledge is that if the Owner shall well and in due course perform its obligation referred to above, then the security hereby pledged shall, on the expiration date be returned to the Pledgor. In the event of any default by the Owner and after twenty-four hours (24) notice to the Owner and the Pledgor, and failure to cure the default within such twenty-four hour (24) period, the property herein pledged shall be forfeited to the City to the extent the City expends costs on account of such default. The City Water Rights Certificate, a portion of which is pledged hereby, is presently held by the City. This Pledge is given in lieu of the Owner providing a letter of credit to secure its landscaping obligations on the Financial Plaza, Ltd. allocated area. Dated September 18 , 1984. Attest: E. E. Mi chell & Co. By J Assistant Secretary A. R. Chamberlain, President Attest: The City of Fort Collins, a Municipal Co r oration By �- Deputy City Manager %AW *190 STATE OF COLORADO) ) ss. COUNTY OF LARIMER) The Foregoing instrument was acknowledged before me this _1a day of GP tamper 1984 by _A. R. Chamhr�rla;„ as Prpsidpnt and Rarhara Herran as AG-t- Secretary of E. E. Mitchell & Co. Witness my hand and official seal. My commission expires: 9/26/87 Notary Public P.O. Box 1208, Fort Collins, CO 80522 Address STATE OF COLORADO) )ss. COUNTY OF LARIMER) The foregoing instrument was acknowledged before me this 10,441 day of Sa1 +ewt�er- , 1984 by Rich Shannon as Deputy City Manager and Wanda M. Krajicek as City Clerk of the City of Fort Collins, a Municipal Corporation. Witness my hand and official seal. MY COMMISSION EXPIRES My commission expires: AU' ,T I!, 1, ' O t�LY��1n l J - 1 �� No ary Public 300 Laporte Ave., Ft. Collins, CO 80521 Address a M SECURITY PLEDGE To secure the obligation of Roush Mitchell Carey Partnership, Ltd. (the"Owner") to install and maintain in a satisfactory condition all landscaping shown on the landscape plan for the development as represented on the Exhibit attached hereto as "Exhibit A" submitted to and approved by the City of Fort Collins, Colorado (the "City") pursuant to the landscaping pro visions as contained in Chapter 118 of the Code of the City of Fort Collins, E. E. Mitchell & Co. (the "Pledgor") hereby pledges the following property, to -wit: City of Fort Collins Water Rights Certificates equivalent to 95.7929 acre feet. By the execution of the Pledge, the Pledgor assigns such Water Rights Certificates to the City. Such assignment is made pursuant to this Pledge and subject to the terms hereof. For the purpose of this Pledge the parties agree that the City Water Rights hereby pledged shall be valued at One Thousand Dollars ($1,000) per acre foot right. The security required by the City to guarantee the obligation of the Owner is Fifteen Thousand Dollars ($15,000). Therefore, the portion of the Water Rights pledged hereby is 15 acre feet. The City will release any water rights held under this Pledge in excess of 15 acre feet as the Pledgor may request or may accept portions of such excess as a Pledge to guarantee other obligation to the City. The obligation secured by this Pledge expires October 1, 1987, and this Pledge shall therefore expire on such date, except to the extent forfeited pursuant to,the terms hereof. Upon expiration the City shall reassign the water rights certificates to the Pledgor (unless the same are then subject to another pledge). KB .9 SP1 M En The condition of this pledge is that if the Owner shall well and in due course perform its obligation referred to above, then the security hereby pledged shall, on the expiration date be returned to the Pledgor. In the event of any default by the Owner and after twenty-four hours (24) notice to the Owner and the Pledgor, and failure to cure the default within such twenty-four (24) period, the property herein pledged shall be forfeited to the City to the extent the City expends costs on account of such default. The City Water Rights Certificate, a portion of which is pledged hereby, is presently held by the City. This Pledge is given in lieu of the Owner providing a letter of credit to secure its landscaping obligations on the Marriott Hotel allocated area. Dated 1st day of October, 1985. ATTEST: j Secret ry AT EST: STATE OF COLORADO) ) ss. COUNTY OF LARIMER) E. E. MI E & CO By 2GL Euge E. Mitc ell, President THE CITY OF FORT COLLINS, a Municipal Corporation By �:• Deputy City Manager The foregoing instrument was acknowledged before me this � day of C)c-�-nhc--r , 1985 , by Eugene E. Mitchell as President and -Tw,g [a. as Secretary of E. E. Mitchell & Co. Witness my hand and official seal. My commission expires: A - 3. 'Rr7 KB .9 SP2 2 Nota;s: Public AddrU. Bcx/ ! .�'o 8 Apprav As To Form: Atsista ,.t City Attorney n M STATE OF COLORADO) ) ss. COUNTY OF LARIMER) The foregoing instrument was acknowledged before me this 4th day of October , lg 85 , by Rich Shannon as Deputy City -Tanager and Wanda M. Krajicek as Cit Clerk of the City of Fort Collins, a Municipal Corporation. Witness my hand and officia]� seal. My commission expires: An CO�Imi +;Cis LX�ilii, Notary Public Address: 300 Laporte Ave Fort_ Collins, CO 80521 SP3 I n E5 The condition of this Pledge is that if the Owner shall well and in due course perform its obligation referred to above, then the security hereby pledged shall, on the expiration date be returned to the Pledgor. In the event of any default by the Owner and after twenty-four hours (24) notice to the Owner and the Pledgor, and failure to cure the default within such twenty-four hour (24) period, the property herein pledged shall be forfeited to the City to the extent the City expends costs on account of such default. The City Water Rights Certificate, a portion of which is pledged hereby, is presently held by the City. This Pledge is given in lieu of the owner providing a letter of credit to secure its landscaping obligations on the Consulting Associates allocated area. Dated Cr)4 1982. ATTEST.; Jack.'A. Shirey, Secre7,#y ATTEST: •. va_%Q(�( City Clerlc E. E. MITCHELLL & CO. By: [ ' A. R. Chamberlain, Presi ent THE CITY OF FORT COLLINS, a Municipal Corporation ? -,­#-� City Manager Approvad As To Form: STATE OF COLORADO) ) ss . COUNTY OF LARIMER) City ittcrrcy The foregoing instrument was acknowledged before me this 1'i day of -, 1982 by R . it a ol as Pres dent and Jack A. Shirey as Secretary of E. E. Mitchell & Co. Witness my hand and official peal. _ My commission expires: MY Commission Expires August 3� 1983-/ /1 = ! Notary Public PD, P'c;-� 1aC�? t-C rt L_I1,rt5 CL> UE scit 111 f I ON A i'Mil" 01 LOT 3, "IkACIl,L4 SUBDIb'IJION, TIII1:1i fI1.I%C, LUGITCU I4 SLCTIo. 25 T7N, R69M IN FOkl COLLINS, COLORAW BEl\(; pl:*SCRIBLU AS FOLLO%S; KLC:.N.N(NC AT TI(E Sri CORNER OF SALU SECTION ALONG A LINE h11101 BEARS N 39'A;' 3U" E A U I STANCE OF 1539. 35 FLET ; THENCE N 00' 1 .7 ' 3U" t' 30.00 FEEf ro TIIE I'01 \T OF BEGINNING; THENCE S 69'4S'5U" h'198.80 FEET; TIIL'NCC N 1u1'14'30" ►-' 37,71 FEET; THENCE N 45-14'30" k' 167.C5 FELT; Tlll:v(:E S g9•41'3U" N 26.38 I-C-ET; nIENCE ALONG MEARC OF A 348.61 F00-T RAUIUS CURIE ro 'TItE I EF r A UIS'f.LxCE OF 139.05 FELT, THE LOXG CHORD OF NIff0i BEAKS N I1'40'US" h 138.13 FEET; THENCE N S9'jS'30" E ,77.14 FEET; THENCE, N d1'dS';U" 1: 176.25 FEET. TIILNCL N 00-11'30" N S6.57 FEET;_ THENCE N 44'aS'3U" E 23U.0n FEET; TI(ENCE S 4S'14130" L 7.00 FCET; 'CIIENCE N 44-45'30" L 4y.U0 FEET; 1'IIL'\CL N 89'4S'30" E 111.06 FEET; TIIENCL S 4S'14'30" E 92.94 FEET; TIIENCC S 44*4S'30" 1� 2353 FEET; MENCL S 4S'14';0" E 96.S3 FELT; T11L CC S 44-4S'30" h 1;8.72 FEET'; TItENCE S 45'14'5U" E 8U.00 FEET; THENCL S 44.4S' 30" t: 2'9I .40 FEET; TUENCE S 00' 1 4' 3U" L' 1 39.27 FEET TO TIIL' rOI'.T OF BEGINNING, CONTAINING S.110 ACRES MORE OR LESS. A::D BL[Nr. SUBJECT TO ALL EXISTING UTILITY EASEMENTS. ENGINEER'S CERTIFICATE: YEMN-LONG LLOU, A PROFESSIONAL U GINEER AND LAND SURVEYOR UNDER TILE LAWS OF TILE STATE OF COLORAllU. BELNC OULY SWORN ON IIIS OATH. OEPOSES AN O SAYS. THAT THIS SURVEY AND PLAT WERE KWL UNOUR• HIS SUPERVISION. TILAT SAID PLAT IS AN ACCURATE DCLLNEATION OF SAID SURVEY. TIU1T HE IIAS READ TILE STATENFENTS T11L•REON. AND THAT ME SAME ARE TRUE OF IIIS OWN KNOWLEDGE. STATE OF COLORADO) ) ss. COUNTY OF LARIMER) The foregoing instrument was acknowledged before me this t P) 1982, by ---' f --) I day of '5, tCeri J, t: I City of Fort Collins, a Municipal Corportion. Witness my hand and official seal. MY commission expires. ILL Ll--�-- N-6-tary eUb-LiC C'C My 144 ORM NO. C-6000-2 FOR USE WITH COLORADO RF -V AMERICAN LAND TITLE APhOCIATION LOAN Cy 1970 EDED FOR USE WITH COLORADO REk& .N AMERICAN LAND TITLE ASr,OCIATION OWNER-- r-OLICY FORMMB N1970 1(AMENDED 10.17.70) S C II E D U L E A —Continued The land referred to in t1lis policy is situated in the State of Colorado, Comity of Larimer and is deserd)ed as follows: A tract of land situate in the SW; of Section 2 Range 69 West of the 6th P.M., which, considering Township 7 North South of the said SW4 as bearing N89°45130"E and with allhbearringsline contained herein relative thereto is contained within the boundary lines which begin at a point which bears N89045'30"E 1773.35 feet and again N00014'30"W 50.00 feet from the Southwest corner of said Section and run thence S89°45'30"W 212.00 feet; thence N00014'30"W 135.00 feet; thence N89 °45' 30"E 246.62 feet; thence along the arc of a 376.80 foot radius curve to the left a distance of 122.13 feet, the long chord of which bears S09°02'37"tN 121.60 feet; thence along the arc of a 15.00 foot radius curve to the right a distance of 23.56 feet, the.long chord of which bears S44°45'30"w 21.21 feet to the POINT OF BEGINNING, being a portion or 5tracnan Subdivision, Third Filing. EXHIBIT B f 6 , c C=- I � _ E. HORSETOOTH ROAD SITE PLAN SITE AREA $1,615 S.F. (1.414 ACRES) BULGING 16.702 S.F. P4• 4.050 Sl (BASEMENT) PARKING 71 SPACES o Q O 4( A, CO 3555 Stanford Road Z � t � • tO K p UO n SECURITY PLEDGE To secure the obligation of Arena Associates, Ltd. (the "Owner") for Consulting Associates, Ltd. to maintain in a satis- factory condition all landscaping shown on the landscape plan sub- mitted to and approved by The City of Fort Collins, Colorado, (the "City"), pursuant to § 118-63 F(3)(b)(10) of the code of the City of Fort Collins, E. E. Mitchell & Co. (the "Pledgor"), hereby pledges the following property,_.to-wit: City of Fort Collins Water Rights Certificates equiva- lent to 95.7929 acre feet. By the execution of this Pledge, the Pledgor assigns such Water Rights Certificates to the City. Such assignment is made pursuant to this Pledge and subject to the terms hereof. For the purpose of this Pledge the parties agree that the City Water Rights hereby pledged shall be valued at Two Thousand Two Hundred Dollars ($2,200.00) per acre foot right. The security required by the City to guarantee the obligation of the Owner is Twenty -Four Thousand Five Hundred Dollars ($24,500.00). Therefore, the por- tion of the Water Rights pledged hereby is 11.4 acre feet. The City will release any water rights held under this Pledge in excess of 11.4 acre feet as the Pledgor may request or may accept portions of such excess as a pledge to guarantee other obligation to the City. The obligation secured by this Pledge expires April 8, 1983 and this Pledge shall therefor expire on such date, except to the extent forfeited pursuant to the terms hereof. Upon expiration the City shall reassign the water rights certificates to the Pledgor (unless the same are then subject to another pledge). The condition of this Pledge is that if the Owner shall well and in due course perform its obligation referred to above, then the security hereby pledged shall, on the expiration date be returned to the Pledgor. In the event of any default by the Owner and after twenty-four hours (24) notice to the Owner and the Pled- gor, and failure to cure the default within such twenty-four hour (24) period, the property herein pledged shall be forfeited to the City to the extent the City expends costs on account of such default. The City Water Rights Certificate, a portion of which is pledged hereby, has not yet been issued by the City. The Pledgor agrees that upon issuance of said Certificate, the same shall be delivered to and held by the City pursuant to this Pledge. This Pledge is given in substitution for a letter of credit in the amount of $24,500.00, issued by United Bank of Fort Collins, N.A. previously deposited to secure the Owner's obligation (letter of credit No. 239). In consideration of this Pledge, the City hereby releases such letter of credit. -2- In Im Dated '5'� z;�I �--' ( 1981. ATTEST: 7 0 GL ' lif % •� Z�%LL� Jack;A. Shirey, Secre ATTEST: STATE OF COLORADO ) ) ss. COUNTY OF LARIMER ) E. E,---M-1-TCHELL & CO. -�-- Eugene . Mitchell , President THE CITY OF FORT COLLINS, a Municipal Corporation By: . i Iii_-rector-=of-i� nagree ' The foregoing instrument was acknowledged before me this S'ah day of �� , 1981 b y as President and Jac A. Shirey as Secretary of E. ff-.—Mitchell & Co. Witness my hand and official seal. My commission expires: Not ry Public -3- STATE OF COLORADO ) ss. COUNTY OF LARIMER ) The foregoing instrument was acknowledged before me this 28th day of May, 1981 by Lucia A. Liley as City Attorney and John E. Arnold as City Manager of The City of Fort Collins, a Municipal Corporation. Witness my hand and official seal. My commission expires: 1 < n t \. r, No-rary Public