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HomeMy WebLinkAboutMONTAVA - PHASE D CORE AND IRRIGATION POND - BDR240006 - SUBMITTAL DOCUMENTS - ROUND 2 - Supporting Documentation (4)Montava Phase D Developer Draft #1 7.17.24 DEVELOPMENT AGREEMENT BETWEEN THE CITY OF FORT COLLINS AND MONTAVA PARTNERS, LLC, AND MONTAVA DEVELOPMENT & CONSTRUCTION, LLC FOR MONTAVA SUBDIVISION PHASE D CORE AND IRRIGATION POND THIS DEVELOPMENT AGREEMENT (the “Agreement”), is made and entered into on the date of the last signature below, by and between the CITY OF FORT COLLINS, COLORADO, a Municipal Corporation, hereinafter referred to as the “City”; and Montava Partners, LLC, a Colorado limited liability company (hereinafter referred to as “Owner”), and Montava Development & Construction, LLC, a Colorado limited liability company, (hereinafter referred to as the “Developer.”). WITNESSETH: WHEREAS, the Developer is the owner has entered into an agreement with the Owner to acquire ownership of portions of certain real property situated in the County of Larimer, State of Colorado (hereafter sometimes referred to as the “Property” or “Development”) and legally described as follows, to wit: MONTAVA SUBDIVISION PHASE D CORE, Aa parcel of land located in a portionthe east half of Section 32, Township 8 North, Range 68 West of the 6th P.M., City of Fort Collins, County of Larimer, State of Colorado. WHEREAS, the Development is known to the City as Montava Subdivision Phase D, Core and Irrigation Pond ID# BDR240006; and WHEREAS, City Council approved the Consolidated Service Plan for Montava Metropolitan Districts Nos. 1-7 (“Service Plan”) by Resolution 2018-083, which includes the Property within its boundary; and WHEREAS, Section IV.B. of the Service Plan contemplates that the Developer and the Metropolitan Districts, individually or jointly, will deliver as part of the Montava development certain direct and indirect public benefits (“Public Benefits”) described as : (i) large scale comprehensive master planning; (ii) new urbanism; (iii) agri -urban development; (iv) zero energy ready homes; (v) non-potable water system; and (vi) affordable workforce housing; and WHEREAS, City Council approved the Development Agreement to Secure Public Benefits for Montava Planned Unit Development (“Public Benefits Agreement”) by Resolution 2020-007 to establish the manner by which the Public Benefits are to be Commented [JPK1]: Since the DA parties will likely be the same for many if not all of the phases, adding the phase name to the DA is a simple way to differentiate when searching. Commented [JPK2]: Unlike Phase G where the Developer was going to own the Ditch lands, Partners will be the only owner at the time of plat and DA recording; the sale to the Developer will occur after recording. Commented [JPK3]: These additional recitals are also included in the Phase G DA draft. Montava Phase D Developer Draft #1 7.17.24 secured; the Public Benefits Agreement is recorded at Reception No. 20200105298 and rerecorded at Reception No. 20220022462; and WHEREAS, by Ordinance 014, 2020, City Council approved the Montava PUD Master Plan and PUD Overlay (“PUD Master Plan”), which includes the Property within its boundary; and WHEREAS, by Ordinance 015, 2020, City Council approved the PUD Master Plan Development Agreement for the Montava Planned Unit Development Overlay and Master Plan (“Master Development Agreement”), which established extended vested property rights for the PUD Master Plan; and 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 P roperty 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 development of the Property. WHEREAS, concurrent with the development of the Property, the Developer is seeking approval of an infrastructure plan set entitled the MONTAVA SUBDIVISION PHASE D INFRASTRUCTURE, ID# BDR24________ (the “Infrastructure Plans”), which plans include the collector an d arterial roadways and intersections adjacent to the Development; and NOW, THEREFORE, in consideration of the promises of the parties hereto and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, it is agreed as follows: I. General Conditions A. The Recitals set forth above are hereby incorporated in and made a part of this Agreement by this reference. Commented [JPK4]: In the Phase G DA, we referred to these as "Final BDR Documents" - do we want to remain consistent? Commented [JPK5]: Since some of the improvements for the Core are connected to improvements in the Infrastructure plans, we are defining the Infrastructure Plans here for reference. Montava Phase D Developer Draft #1 7.17.24 B. References to the City Code, Land Use Code, or other laws, regulations, or rules shall include subsequent amendments thereto or adopted laws, regulations, or rules intended to replace or otherwise supersede prior laws, regulations, or rules. By way of example, if the City were to adopt in the future a revised Land Use Code or revised portions of the Land Use Code that replaces and supersedes the current Land Use Code, then the relevant section of the revised Land Use Code would apply in lieu of the Land Use Code provisions referenced herein. Notwithstanding, the foregoing language is not intended to alter or otherwise affect valid vested rights except as may be provided for in § 24-68-105, C.R.S. The term “City Code” used herein shall mean the “Code of the City of Fort Collins.” B.C. The Development is subject to the PUD Master Plan, the Master Development Agreement, applicable City Regulations, the Final Development Plan Documents, and this Agreement. C.D. Subject to the PUD Master Plan and the Master Development Agreement, Tthe 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 o f public and private improvements, (2) obtaining a permit therefor, or (3) any change in grade, contour , use or appearance of the Property caused by, or on behalf of, the Developer with the intent to construct improvements thereon. D.E. All improvements, including but not limited to water lines, sanitary sewer collection lines, storm sewer lines and facilities, streets, curbs, gutters, sidewalks, and bikepaths shall be paid for and installed by the Developer as shown on the approved 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 Final Development Plan Documents. 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 Final Development Plan Documents, 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. E.F. 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 (in cluding curb, gutter, sidewalk, 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 660 feet from a single point of access, Commented [JPK6]: Changes to B, C and D are same as changes approved by Brad Yatabe for Phase G DA. Technically, the Transitional Land Use Regulations still apply, but we note that portions of the new Land Use Code are up for revision. Commented [JPK7]: Can we discuss this? If sidewalks are installed before homes are built, they will get damaged. Montava Phase D Developer Draft #1 7.17.24 unless the structures contain sprinkler systems that are approved by the Poudre Fire Authority. F.G. Any water lines, sanitary sewer lines, storm drainage lines, electrical lines, and/or streets described on Exhibit A, attached hereto and incorporated herein by reference, 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 a nd shall be installed by the Developer within the time as established under “Special Conditions” in this Agreement. G.H. 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 and private 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. H.I. 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. I.J. The installation of all City 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 r esult of Federal or State mandated requirements, then the Federal or State mandated requirements shall prevail. J.K. Unless authorized by the City in writing and pursuant to law, the public right- of-way shall not be used for staging or storage of materials , equipment, or construction debris (“Staging”) associated with the Development, nor shall it be used for parking by any contractors, subcontractors, or other personnel working for or hired by the Developer to construct the Development. The Developer shall find a location(s) on private pro perty to accommodate any necessary Staging and/or parking needs associated with the completion of the Development. Information on the location(s) of these areas shall be provided to the City as a part of the Development Construction Permit application. K.L. Developments constructed with privately maintained streets shall be constructed to the same design standards as those constructed on similar public rights - Montava Phase D Developer Draft #1 7.17.24 of-way (ROW). Public easements shall be provided for access, utilities and drainage as required by the design and location of such infrastructure and as reflected on the Final Development Plan Documents. Alignment and grades on privately maintained streets and drives shall allow for safe access, ingress and egress by owners, visitors, the general public and public safety officials and equipment, as approved by the City Engineer. L.M. All storm drainage facilities shall be designed and constructed by the Developer so 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’s 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, i n 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 t he City. No language in this Paragraph shall be construed or interpreted as establishing in any way the City’s liability for any act or omission and the terms of this Paragraph solely relate to the Developer’s obligation to indemnify and hold harmless 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 set tle any such claim provided Developer must obtain a complete discharge of all City liability through such settlement. Failure of the City to give notice of any such claim to the Developer within ninety days after the City first receives a notice of such claim under the Colorado Governmental Immunity Act for the same, shall cause this indemnity and hold harmless agreement by the Developer to not apply to such claim and such failure shall constitute a release of this indemnity and hold harmless agreement as to such claim. Approval of and acceptance by the City of any storm drainage facility design or construction shall in no manner be deemed to constitute a waiver or relinquishment by the City of the aforesaid indemnification. The Developer shall engage a Colorado licensed professional engineer to design the storm drainage facilities as aforesaid and it is expressly affirmed hereby that such engagement shall be intended for the benefit of the City, and subsequent purchasers of property in the Development. M.N. The Developer shall provide the City Engineer with certified Record Plan Transparencies (“as-built drawings”) by electronic file upon completion of each phase of Montava Phase D Developer Draft #1 7.17.24 the construction. Utilities will not be initially accepted prior to as -built drawings being submitted to and approved by the City. N.O. The Developer specifically represents that to 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 Cit y 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 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 days after the City first receives a notice of such claim unde r the Colorado Governmental Immunity Act for the same, shall cause this indemnity and hold harmless agreement by the Developer to not apply to such claim and such failure shall constitute a release of this indemnity and hold harmless agreement as to such c laim. O.P. 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 Agreement waive) its rights as property owner. The City’s rights as owner of the City Property may include without limitation those rights associated with the protection of the City Property from damage, and/or the enforcement of Montava Phase D Developer Draft #1 7.17.24 restrictions, limitations and requirements associated with activities on the City Property by the Developer as an easement recipient. P.Q. If the Developer or contractor or any agent or representative thereof causes damage to any public infrastructure (including without limitation, any surface pavers, flagstones, or other stone or concrete surfaces, planters, street and decorative lights, or canopies) such damage shall be promptly repaired with the same kind, quality, color, serviceability and material composition aspects as was possessed by the infrastructure damaged, unless otherwise expressly agreed to by the City in writing. Q.R. Future development of any lottract(s) within the Property shall require the Developer or its successor(s) in interest to enter into a new development agreement(s) with the City governing the development of such lottract(s). The Developer or its successor(s) in interest and the City may enter into a new development agreement(s) without amending this Agreement and without the consent of other parties to this Agreement other than the City, as long as the new development agreement(s) does not alter or otherwise contradict the provisions of this Agreement that are applicable to the other parties. R.S. A determination of adequacy for the supply of potable and non -potable water, where applicable, has been found by the City based on evidence and information provided by the Developer and the water service provider, as required by the Land Use Code. Any change in the water supply or demand (I.e., changes in land use or landscaping) may be subject to revision of that finding, and a review of the water supply requirements by the water service provider. S.T. Prior to final acceptance of improvements and release of final guarantee, the Developer shall ensure that all land, improvements, and facilities intended to be owned, operated, and maintained by one or more owners associations or metropolitan districts, are fully conveyed to the appropriate entity. With such conveyance, a copy of all final or as-built drawings for any development, construction, building , and landscaping plans, and operations and maintenance plans, manuals, and other information shall be provided by the Developer to said entities, to include but not be limited to: stormwater facilities, private drives, parking areas, open space, parks, trails, natural hazard buffer zones, and irrigation systems. T.U. Landscaping, watering and maintenance in public right-of-way shall be the responsibility of the Developer pursuant to Paragraph II.G.2 below. { unless specified otherwise in the Final Development Plan Documents and/or the Special Conditions section of this Agreement} II. Special Conditions Commented [JPK8]: The development does include several Tracts for Future Development. Should this also include "future redevelopment of any lot(s)"? Commented [JPK9]: Please clarify what problem you are trying to address with this section; "any change" seems vague and a change in landscaping seems like a pretty minor change to trigger a re-review. Montava Phase D Developer Draft #1 7.17.24 A. Public Benefits Agreement (when applicable – MD &/or PUD) 1. The Developer acknowledges the current agreement with the City for required public benefits as outlined in the Public Benefit Agreement for XXX [Development name], dated ___________, and recorded at Reception No. _______________recorded at Reception No. _______________.This Agreement is meant to effectuate certain requirements contained within the Public Benefits Agreement and is not intended to alter or otherwise supersede the terms of the Public Benefits Agreement. In the event of a conflict between this Agreement and the Public Benefits Agreement, the Public Benefits Agreement shall control. 1.2. This Development, or portion thereof, is in alignment with requirements of that the Public Benefits aAgreement, and more specifically satisfies the following required community benefits as stated in sections X and Y of the Public Benefits Agreement: 3. Housing:Non-Potable Water System: Pursuant to Section I.G. of the Public Benefits Agreement, the Developer is providing a system of irrigation wells supplemented by other water sources as needed to supply and transport irrigation water for landscaping of common areas and private yards of Feasible Residential Units within the PUD Master Plan (the “Non - Potable Water System”). a. The City will not be required to issue a building permit for any residential structure within the boundaries of the Development, until the City has approved the Non-Potable Water System plans for the Development pursuant to all applicable City ordinances, regulations, standards and policies therefor and such plans shall also be in compliance with all applicable county, state and federal laws and regulations therefor. b. Prior to the issuance of a certificate of occupancy for any residential structure in the Development, the portion of the Non-Potable Water System needed to serve the Development shall have been installed in accordance with such plans and approved by the City to the extent required by applicable City ordinances, regulations, standards and policies. 4. Urban Agriculture Development: Pursuant to Section I.E. of the Public Benefits Agreement, the Developer shall donate, sell or lease long-term the approximately 47-acre portion of the PUD Master Plan designated as the Farm Parcel to an Commented [JPK10]: The language of this Paragraph II.A came primarily from the agreed-upon language regarding Public Benefits in Paragraph II.I of the Phase G DA. Commented [JPK11]: The recording information was moved to the applicable recital. Montava Phase D Developer Draft #1 7.17.24 entity at a substantially discounted amount and consistent with the terms of the Public Benefits Agreement to be used solely for Urban Agriculture uses prior to the issuance of any building permit within the Development Property as such term is defined in the Public Benefits Agreement. 2.5. Zero Energy Ready Homes: Prior to the issuance of the certificate of occupancy for each single-family detached, single-family attached, two-family, two-family-attached and multi-family dwelling unit in the Development, the City shall be provided written certification that each such dwelling unit complies with the stricter of either (i) the Federal Department of Energy’s “Zero- Energy Ready Home” standard in effect on December 11, 2020 or (ii) City legislatively -imposed energy efficiency or construction standards on new residential construction throughout the City adopted at least ninety (90) days prior to the submittal of the relevant building permit application, pursuant to Section I.F. of the Public Benefits Agreement. 3.6. Other:Affordable/Workforce Housing: Every dwelling unit within the Development that qualifies as Affordable Housing or Workforce Housing shall be counted as a Required Affordable Unit pursuant to Section I.H. of the Public Benefits Agreement. B. Water Lines Not Applicable {delete if there are paragraphs} {sample paragraphs – use and modify as necessary} 1. Notwithstanding anything in this Agreement to the contrary, the Development will be provided potable water service from the Fort Collins-Loveland East Larimer County Water District (“Water District”), and all water line improvements shall be installed and inspected in accordance with the Water District’s regulations and the approved plans therefor. 2. The Developer shall reimburse the City at the rate of $16.00 per front foot plus an inflation factor for the cost of installation of the 16” water line in Horsetooth Road adjacent to the Development. The inflation factor shall be calculated based upon the Construction Cost Index for Denver as published in the Engineering News Record of April 13, 1989. Said Montava Phase D Developer Draft #1 7.17.24 reimbursement shall be paid prior to the issuance of the first building permit. 3. The City will be constructing a water line in County Road 9 during the summer of 1996. The Developer shall be obligated to reimburse the city for the cost of the Developer’s proportionate share of said water line. The amount to be reimbursed shall be determined at the time of completion of said water line installation and in accordance with the provisions of Section 26-121 of City Code. The Developer shall reimburse the City prior to the issuance of the first building permit following the issuance of an invoice by the city to the Developer for said amount or prior to the issuance of more than 25 building permits, whichever comes first. C. Sewer Lines Not Applicable {delete if there are paragraphs} {sample paragraph – use and modify as necessary} 1. Notwithstanding anything in this Agreement to the contrary, the Property will be provided sanitary sewer service from the South Fort Collins Boxelder Sanitation District (“Sewer District”), and all sewer line improvements shall be installed and inspected in accordance with the Sewer District’s regulations and the approved plans therefor. D. Storm Drainage Lines and Appurtenances 1. The Developer agrees to provide and maintain erosion and sediment control improvements as shown on the Final Development Plan Documents until all disturbed areas in and adjacent to this Development's construction activities are stabilized. The Developer shall also be required to post a security deposit in the amount shown in the Final Development Plan Documents prior to beginning construction to guarantee the proper installation and maintenance and, upon completion, removal of the erosion and sediment 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 Stormwater Criteria Manual referenced at City Code § 26-500 and in the Dust Prevention and Control Manual referenced in City Code Montava Phase D Developer Draft #1 7.17.24 § 12-152, hereinafter the Stormwater Criteria Manual and the Dust Prevention and Control Manual shall be collectively referred to as the “Criteria .” When said security deposit(s) is a letter of credit or a bond the Developer shall replace the security no later than 30 days before its expiration date. If the security posted by the Developer is a Letter of Credit, and such letter has not been replaced or renewed within 30 days of its expiration date, the City may elect to draw and hold the funds as it sees fit. The City shall have the option in any case to also withhold building permits and cert ificates of occupancy, as stated in Paragraph III.D of this Agreement, as it deems necessary in order to ensure that at all times the Developer is maintaining appropriate levels of security to guarantee completion of the erosion and sediment control improvements. 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 the Final Development Plan Documents and the Criteria. In addition, the City shall have the option to withhold building permits and certificates of occupancy, as stated in Paragraph III.DC of this Agreement, as it deems necessary in order to ensure that the Developer installs, maintains, and ultimately removes the erosion and sediment control measures throughout the build-out of this Development. When identified, any violations of applicable laws, regulations, or policies regarding erosion and sediment control are to be corrected immediately per Part I.D.8 of the Developer’s Colorado Discharge Permit System (“CDPS”) Permit for Stormwater Discharges Associated with Construction Activity as required by the Colorado Department of Public Health and Environment (“CDPHE”), City Code § 26- 498, Water Quality Control, and City Code § 12-153, Commented [JPK12]: Confirm internal references. Commented [JPK13]: Confirm internal references. Commented [JPK14]: Confirm internal references. Montava Phase D Developer Draft #1 7.17.24 Prevention of Fugitive Dust Emissions. If no CDPS Permit is required, violations of any applicable laws, regulations, or policies regarding erosion and sediment control are to be corrected immediately as required by the CDPHE and the Environmental Protection Agency (EPA) in accordance with the Clean Water Act, City Code § 26 -498, Water Quality Control, and City Code § 12-153, Prevention of Fugitive Dust Emissions. Failure to correct any violation shall prevent the Developer from building in any future phases until fully corrected. Upon stabilization of the disturbed areas, and upon the request of the Developer, the City will confirm that the Property is stabilized from potential erosion and sediment discharges and fugitive dust emissionscontrol discharges from resulting from construction activities and that all temporary erosion and sediment and dust control measures used by the Developer are removed. In confirmation by the City that the Property is stabilized, any remaining portions of the security deposit that is associated with the adequate maintenance of erosion and sediment control improvements shall be returned. 2. {Insert Stormwater’s language here} E. Floodplain 1. Portions of this property {or lots _____} are located in the _______100-year floodplain {and floodway}. The Developer shall obtain a Floodplain Use Permit from the City and pay all applicable floodplain use permit fees prior to commencing any construction activity (building of structures, grading, fill, detention ponds, bike paths, parking lots, utilities, landscaped areas, flood control channels, etc.) within the _____ Floodplain Limits as delineated on the Final Development Plan Documents for this Development. All activities in this Development are subject to the requirements of Chapter 10 of the City Code. All structures in the 100-year floodplain shall be built in accordance with the Floodplain Protection Detail and in accordance with stated elevations as shown on _______ of the Final Development Plan Documents for this Development. This includes elevating the lowest floor and all HVAC, electrical, and mechanical to the regulatory flood protection elevation, which is __ ft. above the 100 -year flood elevation. The regulations stipulate that basements shall be expressly prohibited in any structure built on any of these lots. 2. A FEMA elevation certificate shall be submitted and approved, prior to the issuance of a certificate of occupancy for any structure that is located in the 100 - year floodplain. Said certification shall be submitted to the City at least two weeks prior to Commented [JPK15]: This looks like leftover City blacklining. Commented [JPK16]: Discussions are still underway with Stormwater. Commented [JPK17]: Phase D is not in the Floodplain or Floodway. Montava Phase D Developer Draft #1 7.17.24 the date of issuance of the desired certificate of occupancy. At-risk population, essential services, hazardous material or government services critical facilities are prohibited in the 100 -year floodplain as delineated on the approved plans. Failure to comply with all floodplain requirements in sections _____ above shall result in a stop work order and/or the withholding of the issuance of additional building permits and/ or certificates of occupancy until the violation(s) are corrected and approved by the City in accordance with Chapter 10 of City Code. {This should be the last note.} For properties that may have upcoming mapping changes (i.e LOMR, City Map Revision, new floodplain maps, etc.): The requirements in effect at the time of a building permit must be met for work under the permit, in addition to any requirements set forth in this development agreement, which may be more restrictive. Floodway For no construction in the floodway: 1. No construction activities shall be undertaken within the ______ Floodway as delineated on the Final Development Plan Documents. The developer shall stake the floodway in the field prior to commencing any site work. The floodway is considered a no-disturbance area. The area encompassed within the floodway limits cannot be used during construction for equipment storage, material storage, or temporary storage of fill dirt. Failure to comply with such a condition shall result in the stoppage of work on the site, withholding of building permits and/or certificates of occupancy in this Development and all other applicable City floodplain and floodway regulations. For construction in the floodway: 2. An approved no-rise certification must accompany the floodplain use permit for construction elements within the floodway portion of the floodplain. An as -built no-rise certification signed by a registered professional engineer in the State of Colorado is required for construction elements within the floodway portion of th e floodplain. Said certification shall be submitted to the City at least two weeks prior to the desired date of approval. The as-built no-rise certification shall be submitted and approved prior to approval of the overall drainage site certification. No fill shall be placed in the floodway. All fencing in the floodway shall be break -away, Montava Phase D Developer Draft #1 7.17.24 including any construction fencing. For future development after a map change: 3. Lots ____are located in the _____ floodway and shall not be developed, including construction of fencing, until such time as they are removed from the floodway by a map revision. At the time the floodway is removed, the structures must comply with any requirements of Chapter 10 of the City Code based on the floodplain delineations effective at time of construction. CLOMR/LOMR 4. CLOMR xx-xx-xxxx was approved by FEMA prior to signing of the Final Development Plans and prior to commencing any construction activity within the _______ Floodway. A LOMR must be approved by the City and submitted to FEMA prior to issuance of the Certificate of Occupancy for the building. For any buildings planned in the effective floodway, no building permits shall be issued for structures until approval of the LOMR by the City and by FEMA for this project. Floodproofing and Venting 5. The developer must submit and receive approval of the floodproofing design, including a Pre-Construction Floodproofing Certification prior to approval of the floodplain use permit. The Developer must submit an as -built Floodproofing Certificate in order for a Certificate of Occupancy to be released. Said certification shall be submitted to the City at least two weeks prior to the date of issuance of the desired certificate of occupancy. The developer is responsible for all operation and maintenance of the floodproofing design measures. This project utilizes permanent flood vents to equalize water pressure on the walls of the building. The developer is responsible for the maintenance of these vents and to make sure they are free from blockage such that they may function properly during a flood event. Any vented area is to be used only for parking and storage. Poudre River Montava Phase D Developer Draft #1 7.17.24 6. The construction staging area, including all storage of equipment and materials shall be located outside the ____________ 100-year floodplain limits as delineated on the approved plans. All floatable materials (picnic tables, bike racks, tables, chairs, trash dumpsters, etc.) in the 100-year floodplain shall be anchored to prevent floatation. There shall be no overnight parking of unattended vehicles (i.e. fleet vehicles) in the 100 -year floodplain. At-risk population or essential services critical facilities are prohibited in the 100 -year or 500-year floodplain as delineated on the approved plans. In addition, hazardous material or government services critical facilities are prohibited in the 100 -year floodplain as delineated on the approved plans. The developer is required to submit an Emergency Response and Preparedness Plan for each structure in the 100-year floodplain prior to approval of the floodplain use permit. It is the responsibility of the building owner to submit the annual review and conduct practice drills in accordance with the requirements in Chapter 10 of City Code. Bank Stabilization – River Work 7. No work including but not limited to the placement of coffer dams or equipment and machinery accessing or operating in the river shall take place in the channel of the Poudre River from April 15th – September 30th due to flood concerns. City Stormwater must be notified prior to the commencement of the bank stabilization work. City staff will be making periodic inspections of the bank stabilization construction. The Flood Control Channel and erosion revetment features shall be constructed per manufacturer’s specifications and Final Development Plan documents. The Developer shall maintain Flood Control Channel per Final Development Plan documents and CLOMR-approved support materials. The Developer shall irrigate the Flood Control Channel vegetation until full establishment as determined by City Officials. Irrigation shall continue for no less than 2 years. If mowing is desired, the Developer shall not mow Flood Control Channel to height of less than 6 inches. Erosion Buffer 8. Any work that is not specifically allowed within the erosion buffer per Chapter 10 of City Code is required to have an Erosion Buffer Waiver approved by the Utilities Executive Director prior to starting construction within the buffer. Montava Phase D Developer Draft #1 7.17.24 Any work within the Erosion Buffer zone is required to minimize disturbance of channel bed, bank, vegetation, etc. Variance 9. All conditions of any floodplain variance approved by the Water Board on _______for construction of __________shall be met. Other The developer shall submit anchoring designs showing the structures are able to withstand the depths, velocities, and the impact of potential debris. F.E. Streets {use if street oversizing reimbursement is due} 1. Subject to the conditions of this Agreement, the City agrees to reimburse the Developer for oversizing public street improvements along {put street name(s) in here} for those portions of said street abutting the Property as shown on the Final Development Plan Documents. Reimbursement for {put street name(s) in here} shall be for increasing the streets and/or sidewalks width {or indicate specifics if not all, i.e. sidewalk} from local access standards to {indicate type of street, minor arterial , collector, etc.} standards {add right-of-way portion only if applicable} and for the cost of the right-of-way necessary to accommodate the expansion of such street and sidewalk . The City shall make reimbursement to the Developer for the aforesaid oversized street improvements in the manner provided in and in accordance with City Code Section 24 - 112. As identified in City Code, the City shall not participate in the cost of trans portation improvements required solely for the special use and benefit of the Development required by the transportation impact study for the Development, or by the City Traffic Engineer. The Developer acknowledges that the City shall have no obligation to make reimbursement payments for street oversizing unless funds for such payments are budgeted and appropriated from the transportation improvements fund by the City Council. 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 City Code Section 24-112(d) as the 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. {use when reimbursement paragraph (#1) is used} Montava Phase D Developer Draft #1 7.17.24 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 $60,000, the contract for the construction of the same must be submitted to a competitive bidd ing 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 $100,000, the contract for the construction of the improvements must be insured by a performance bond or other equivalent security. For purposes of this Paragraph, the term “City improvements” shall mean either (1) existing improvements owned by the City that are to be modified or reconstructed, or (2) any improvements funded in whole or in part by the City. {use if NO street oversizing reimbursement is to occur} 3.1. No street oversizing reimbursement from the City is due the Developer for this Development. {use if a reimbursement is due the City - modify as necessary} 4. The Developer agrees to reimburse the City the sum of , plus a percentage added to recognize the effects of inflation, for the cost to construct adjacent to the Property. The inflation factor shall be calculated using the construction cost index for Denver as published in the Engineering News Record (ENR) of ,200_, and the same index published in the ENR in the month preceding payment of the reimbursement, as delineated in subsection 5.b. of this section. Payment shall be made to the City prior to the issuance of the first building permit. {use if the developer is delaying a portion of a road ($ amount known) – modify as necessary} 5. In accordance with Section 24-95 of City Code the Developer is responsible for constructing the portion of {name of road} adjacent to the site prior to the issuance of the first building permit. Notwithstanding the foregoing, the Developer has designed the project so that the local curb, gutter, pavement, sidewalk and parkway for {name of road} will be postponed by delivering to the City a cash deposit sufficient to guarantee completion of the design and construction o f the improvements. {OR}>>>shall have the option to postpone this {name of road} construction (except for the sidewalk) by delivering to the City a cash deposit sufficient to guarantee completion of the design and construction of the improvement necessary for {name of road} to meet City design standards. The amount of said funds shall be $____, the estimated cost to design and construct said improvements, including but not limited to the future inlet, stormdrain line, pavement, subgrade, curb, gutter, sidewalk ramps, and right-of-way plantings and Montava Phase D Developer Draft #1 7.17.24 irrigation. Said amount shall be deposited with the City prior to the issuance of any building permit for this Development. a. If any fee is paid by the Developer after the year {year}, the Developer agrees to pay the amount specified above plus an additional amount to be calculated as described below to recognize the effect of inflation, with said amount to be increased each year until payment is completed in full. Upon payment of each fee required under this Subsection, the Developer’s obligation to pay its share of the {name of road} improvements in conjunction with this Development shall be satisfied. b. The inflation factor (Inf. Fac.) for each year’s increase in the amount of the fee shall be calculated using the construction cost index for Denver as published in the Engineering News Record (ENR) for {current month and year}, as the base index (I-base) and the same index published in the ENR in the month preceding payment (I-year of payment). The formula for calculating said inflation factors shall be as follows: Inf. Fac. = (I-year of payment) – (I-base) (I-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. c. Any interest earned by the City as a result of said deposit shall belong to the City. d. If the Developer is the party that constructs said improvements, upon completion and acceptance of said improvements by the City, the City shall return to the Developer the amount deposited, less three percent of the total amount remaining. The three percent to be retained by the City is to cover the costs of administering the deposited funds. The total amount remaining for calculation of the three percent shall consist of the amount of the deposit plus accrued interest. Montava Phase D Developer Draft #1 7.17.24 {use if the developer is delaying a portion of a road ($ per local street cost) – modify as necessary} 6. In accordance with Section 24-95 of City Code the Developer is responsible for constructing the portion of {name of road} adjacent to the site prior to the issuance of the first building permit. Notwithstanding the foregoing, the Developer has designed the project so that the local curb, gutter, pavement, sidewalk and parkway for {name of road} will be postponed by delivering to the City a cash deposit sufficient to guarantee completion of the design and construction or the improvements. {OR}>>>Notwithstanding the foregoing, the Developer shall have the option to postpone the {name of road} construction from station 10+00 to station 10+13.10, by delivering to the City a cash deposit sufficient to guarantee completion of the construction of the improvements and the removal of the interim pan. The amount of said funds shall be the estimated cost of the removal of the interim improvements in the right-of-way plus the City adopted Local Street Cost for the year in which the payment is made. The Local Street Cost is a per linear foot cost estim ate prepared yearly and approved by the City for the cost to, install the local street portion of a road way. The estimate includes, but is not limited to the cost of the pavement and subgrade, curb, gutter and 4.5 feet (in width) of sidewalk, and the parkway landscaping. The removal 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. The total of the Local Street Cost and removal costs shall be deposited with the City prior to the issuance of any building permit for this Development. a. The improvements to {name of road} shall be constructed at such time that the City deems the improvements to be necessary or at such time as improvements are made to adjacent portions of {name of road}, whichever shall first occur; provided, however, that the City shall not withhold building permits or certificates of occupancy on account of such 13.10 feet of improvements not having been completed so long as the Developer timely commences and completes the construction of the remaining street portion as provided herein and has made the substitutionary payment described above. b. Any interest earned by the City as a result of said deposit shall belong to the City. c. If the Developer is the party that constructs, or causes the construction of, said improvements, upon completion and acceptance of said improvements by the City, the City shall return to the Developer the amount deposited, less three percent of the total amount remaining. The three percent to Montava Phase D Developer Draft #1 7.17.24 be retained by the City is to cover the costs of administering the deposited funds. The total amount remaining for calculation of the three percent shall consist of the amount of the deposit plus accrued interest. {use if the developer is delaying a portion of a road ($ amount unknown) – modify as necessary} 7. In accordance with Section 24-95 of City Code the Developer is responsible for constructing the portion of {name of road} adjacent to the site prior to the issuance of the first building permit. Notwithstanding the foregoing, the Developer shall have the option to postpone the {name of road} construction, with the exception of the curb, gutter and sidewalk from station 0+00 to station 7+50, by delivering to the City a cash deposit sufficient to guarantee completion of the design and construction of the improvements. The amount of said funds shall be the estimated cost of the design and local street portion of the pavement an d subgrade for the full length of the street (station 0+00 to station 8+32), the fill, curb, gutter and 5 feet (in width) of sidewalk for the remaining portion of the street for which is not to be constructed at this time (station 7+50 to station 8+32), and two street trees. The estimate shall be prepared by the Developer and approved by the City, plus an additional twenty-five percent of the estimate to cover any contingencies and unexpected costs. Said amount shall be deposited with the City prior to the issuance of any building permit for this Development. {use when applicable and true} 2. The Transportation Impact Study for Montava Phase D dated June 2024, prepared by Kimley-Horn and Associates, Inc. (the “Phase D TIS”), determined that the existing off-site intersection of Country Club Road and Lemay Avenue/Gregory Road (the “CC/Lemay Intersection”) will fail to operate at an acceptable level of serv ice (“LOS”) during both peak hours in 2027 without the addition of Development traffic. The Phase D TIS concludes that the Development’s impact to the CC/Lemay Intersection in 2027 will be equal to 2.2% of the total intersection volume. As required by th e Larimer County Urban Area Street Standards, it is the Developer’s obligation to mitigate the Development’s impact to the CC/Lemay Intersection. According to the Larimer County Country Club Road Corridor Study prepared by Felsburg Holt & Ullevig in Februa ry, 2023 (the “County Study”) and the Phase D TIS, design and installation of a single-lane roundabout at the CC/Lemay Intersection (the “Roundabout”) by the County would improve the operation of the CC/Lemay Intersection to an acceptable LOS. 8. It is agreed therefore that the Developer’s mitigation of its impact shall be a lump sum payment to Larimer County in the amount of $_____________ which represents the Development’s 2.2% share ($____________) plus the cost of inflation and design of the Roundabout. It is further agreed by the City that the Developer, by providing said lump Commented [JPK18]: This language for Phase G was sent to Brad Yatabe on 5.9.24 and 5.13.24. Montava met with the County on 7.11.24 and we are close to finalizing the amount of the contribution and the language of this section. Montava Phase D Developer Draft #1 7.17.24 sum payment to Larimer County prior to the issuance of the first residential building permit within the Development, will satisfy the Developer’s obligation to mitigate the impacts of the Development to the CC/Lemay Intersection. The funds paid to Larimer County may be used for construction of the Roundabout in the County’s sole discretion {use in all agreements} 3. The Developer is responsible for designing and constructing Longwood Drive through the Development to its intersection with Giddings Road in accordance with the Final Development Plan Documents to provide access to and from the Development. The City and Developer agree however that the Developer’s construction of the approved Infrastructure Plans and acceptance thereof by the City prior to the issuance of the first Certificate of Occupancy in the Development, shall satisfy the Developer’s obligation to construct the portion of Longwood Drive from Maple Hill Drive to Giddings Road. 9.4. As identified in Article III, Chapter 23 of City Code (the “Encroachment Regulations”) no encroachments or obstructions are allowed within the public rights-of-way without a permit (“Encroachment Permit”). The Developer understands and acknowledges that if the Final Development Plan Documents now or in the future, through an amendment process, include any encroachments or obstructions in the public rights-of-way the Developer shall apply for, meet any requirements or conditions, and obtain an approved Encroachment Permit prior to the installation of the encroachment(s). a. All requirements and conditions as identified on the Encroachment Permit and identified in the Encroachment Regulations shall be met and maintained both prior to and after issuance of the Encroachment Permit. The Encroachment Permit, which is non -transferable, is issued to the property owner or to the lessee of the property (with the property owner’s consent) in which the encroachment is adjacent to or benefits and the Developer understands that at such time as ownership of that parcel changes and/or a new lessee exists (as applicable) a new encroachment permit will need to be applied for and new liability insurance will need to be provided by the property owner. The permit is revocable pursuant to the Encroachment Regulations. b. The Developer, for itself and its successor(s) in interest, does hereby release and hold harmless the City from any damages to the encroachment arising from the City’s actions in maintaining, repairing and/or replacing the public Commented [JPK19]: This language is in draft form, meant to be a placeholder for City review and comment. Montava Phase D Developer Draft #1 7.17.24 infrastructure including utilities, except as caused by the City’s gross negligence or willful misconduct. c. The City shall have no responsibility for the installation and maintenance of any encroachment and 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 Developer’s installation or maintenance of any encroachments onto the public right-of-way. d. Only public utilities (defined as utilities owned and maintained by the City and gas utilities owned by Xcel Energy) or utility providers that have a franchise agreement with the City are allowed to be installed and located within public rights -of-way and public easements. Private utilities are allowed to cross public rights-of-way and easements provided that the crossing is perpendicular to the public right-of-way or easement, that sleeves are provided for the crossing in accordance with City standards, encroachment permits for such crossing are obtained, and the utility is registered with the utility locate center. Any private utilities found within public rights -of-way or easements not meeting the above criteria serving the Property shall be required to be removed by the Developer at the Developer’s expense or apply for and obtain an approved Encroachment Permit. All sleeves across the right-of-way shall be designed and installed in accordance with City standards then in effect. e. If there is any conflict between this provision and the Encroachment Regulations, then the Encroachment Regulations will control. The Developer acknowledges that, as with any regulation, the Encroachment Regulations are subject to change and Developer agrees to abide by any changes to the Encroachment Regulations. 10.5. 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 related to the Developer’s internal street operations and of any adjacent or adjoining local, collector or arterial streets that is made necessary because of the Development. Montava Phase D Developer Draft #1 7.17.24 6. Following completion of all public infrastructure improvements, the Developer shall continue to have responsibility for maintenance and repair of said improvements in accordance with the Land Use Code. 11.7. Notwithstanding that the Non -Potable Irrigation System installed by the Developer will be the source of irrigation water for the common spaces within the Development and that City water will not be utilized, the Developer agrees to submit its irrigation plans for such common spaces to the City prior to the City’s first acceptance of the public improvements for the Development for review by the Director. Developer further agrees that such irrigation plans shall incorporate the City of Fort Collins Irrigation System Standards for Water Conservation. G.F. Natural Resources – Not Applicable {delete if there are paragraphs and insert Natural Resources language} 1. The Final Development Plan Documents identify areas within the Property which are not to be disturbed in order to prevent environmental damage to the natural habitats or features (“Natural Habitat Buffer Zone” or “NHBZ”). Neither the Developer nor its contractor shall intrude upon, remove, fill, dredge, build upon, degrade or otherwise alter natu ral habitats and features delineated on the Final Development Plan Documents, except for the limited purposes allowed within the Final Development Plan Documents. These activities are allowable under Land Use Code §3.4.1(E). The City’s Environmental Planne r shall periodically inspect the Property to ensure compliance with the NHBZ requirements established in the Final Development Plan Documents. 2. The Developer shall ensure that all landscaping and restoration activities within the Natural Habitat Buffer Zone are properly maintained for a three (3) year-minimum period following construction thereof to ensure that the vegetation is fully established and maintained in accordance with the Adaptive Management and Restoration Plan attached to this Development Agreement as Exhibit “y”. 3. Prior to the issuance of a Development Construction Permit (DCP), the Developer shall provide the City an acceptable form of security (escrow, bond, or letter of credit) to guarantee completion of the NHBZ landscape improvements that meets City standards for acceptability. The security must match the cost of mitigation, restoration, and landscape improvement efforts, which shall include plant material and irrigation system improvements, weed management, and a minimum of three years of monitoring and annual reporting equal to 125% of the cost to be held until said improvements are constructed and accepted by the City. The City shall return the security to the Developer upon the Developer’s installations of the landscape improvements and the City’s Commented [JPK20]: This was discussed with planner, Kim Meyer, and we agreed to this language.. Montava Phase D Developer Draft #1 7.17.24 Environmental Planner acceptance thereof. If the seeded areas have not been established in accordance with the Final Development Plan Documents, then the Developer shall promptly provide the City’s Environmental Planner with a written proposal of steps and timing to bring the areas into conformance with such Documents for the City’s approval and, after receipt of approval shall promptly take such steps as are necessary to implement the approved plan and bring the areas into conformance. If the Developer does not take action to bring any and all NHBZ areas and plantings into conformance with the approved Final Development Plan documents, the City shall use the security provided by the Developer to install said NHBZ landscape improvements and the Developer forfeits any right to the security. 4. The areas of the Development that are planned to be seeded shall be inspected jointly by the Developer and the City at specified intervals for a minimum of three (3) growing seasons or until determined by the City to be well established in accordance with the coverage specifications of this paragraph, whichever occurs first. The NHBZ success criteria are as follows: (1) The total vegetative ground cover contributed by all desirable plant species (excepting mature trees) is equal to or greater than the desirable vegetative cover of the applicable reference area(s) from that calendar year, (2) No more than five percent (5%) of the species noted on the site may be weedy or noxious species as defined by City Code Section 20 -41 and Colorado Department of Agriculture’s Noxious Weed List as defined by the Colorado Noxious Weed Act §§35-5.5, (3) The development site shall display no evidence of detrimental erosion due to rills, gullies or excessive bare spots of ground, (4) Survival rate of all planted shrubs and trees is equal to or greater than eighty percent (80%), and (5) Any diversity standards applied according to the City Environmental Planner’s discretion. Diversity standards should be reflective of the reference area or target habitat conditions provided by the City. Total vegetative ground cover and diversity standards (if applicable) will be determined using a reference area approach, where the reference areas are representative of the target vegetative community(ies) and are selected by the City Environmental Planner. The total vegetative ground cover of the applicable reference area(s) will be measured annually at the end of the growing season (late summer to early fall) to the point of demonstrating sample adequacy in order to provide an accurate level of vegetative cover reflective of local climatic conditions. Acceptable desirable total vegetative cover of the NHBZ cannot be less than 40%. Determination of required coverage of the NHBZ will be measured using a line point intercept method with a number of transects approved by the Environmental Planner across the target habitat type(s) present, Montava Phase D Developer Draft #1 7.17.24 distributed either randomly or on a grid-based pattern, to gain an adequate representation of the seeded areas. The Developer shall be responsible for weed control at all times and as prescribed by the Weed Management Plan (Appendix A of Exhibit “y”). The Developer shall warranty all seeded areas for three (3) growing seasons minimum 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. Temporary irrigation systems intended to assist the establishment of native seeding efforts within the NHBZ may only be used for the first two growing seasons after which any temporary irrigation systems supporting the establishment of native seeding efforts within the NHBZ must be removed by the Developer prior to the release of the NHBZ security. 5. The Developer shall provide an Adaptive Management and Restoration Plan/Wetland Mitigation/etc. that encompasses revegetation techniques, monitoring methodology and timeline, and weed management before, during, and after construction, included in Exhibit “y” of this Development Agreement, prepared by a qualified natural resource professional and reviewed and approved by the City’s Environmental Planner. 6. The Developer shall provide a Wildlife Management Plan (Appendix C of Exhibit “y”) that guides nesting raptor/tree protection standards and any seasonal restrictions associated with the NHBZ, prairie dog mitigation efforts, and any songbird nesting survey guidelines. 7. Prior to the commencement of grading or other construction on the development site, burrowing owl surveys will be conducted by a qualified wildlife biologist according to Colorado Parks and Wildlife Division recommended protocols. If the site is cleared of burrowing owls, then prairie dogs inhabiting the site will be removed according to methods approved by the City Environmental Planner. The removal must be verified through an onsite inspection by the City Environmental Planner. 8. Prior to issuance of DCP the Developer shall submit a payment in lieu fee of $xxx.xx to the City of Fort Collis for prairie dog mitigation to the Natural Areas Department. 9. The red-tailed hawk nest identified by the Wildlife Management Plan will be monitored during the nesting season (February 15 - July 15) for nesting activity. Construction activities will be suspended within the buffer identified on the development plans if active nesting is observed. Any damage to the nest tree shall be subject to an appraisal of the damages and a payment in lieu fee to the Natural Areas Department. Montava Phase D Developer Draft #1 7.17.24 10.3. At the time that a homeowners association (HOA) is formed, the Developer will ensure that the HOA is adequately informed of the NHBZ establishment process and long-term maintenance requirements. 1. The Parties agree, in accordance with LUC Section 3.4.1.C.4, for the isolated nonjurisdictional wetland swale within the Property, Tract GG of the Development will include wet meadow/riparian areas equal to or greater in total size than the area of the impacted wetland (“Natural Features”), which Natural Features are considered to be an enhancement over the existing low-quality wetland swale. The Parties further agree that the Natural Features described in this Paragraph II.F.1 satisfy the City’s Natural Habitat and Features requirements and standards for the Development in LUC Section 3.4.1. 2. The Developer or its assignees, including the applicable Montava Metropolitan District, shall be responsible for installation, repair, replacement and maintenance of the Natural Features and all other landscaping and plantings in the Development in accordance with the requirements of the Final Development Plan Documents. 3. Security for erosion control purposes will be provided by the Developer to the City for the Natural Features pursuant to Paragraph II.D.1. The City’s Environmental Planner will participate in City decisions regarding the release of such security and the Developer has no objection to such participation. 4. Developer has provided weed management and native seed mix notes (see Sheets L23 and L24 of the Final Development Plan Documents) that detail a Stepwise Approach to installation and maintenance to ensure that the benefits of the Natural Features are realized long term. Compliance with the requirements of the Final Development Plan Documents will be a requirement of the applicable Montava Metropolitan District when it assumes the obligation to maintain the Natural Features. 5. A ground clearance nest survey shall be conducted one week prior to construction to determine if any active nests are present so that the nests can be avoided. 1.6. Fueling facilities shall be located at least one hundred (100) feet from any 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. Fueling facilities not in compliance shall be moved at the Developers expense. 2. The Developer shall delineate the Development’s property boundary adjacent to all Limits of Development (L.O.D.) as defined by Land Use Code Section 5.1.2 and Section 3.4.1(N), including boundaries around existing trees that are to be undisturbed, with orange construction fence prior to any type of construction, including over lot grading. Commented [JPK21]: This approach tracks with the approach taken in Phase G: no NHBZ required, but StepWise methodology required and incorporated into the Landscape Plan. Commented [JPK22]: Confirm internal reference. Commented [JPK23]: This is a requirement of the Phase D ECS. Montava Phase D Developer Draft #1 7.17.24 G. Park Planning and Development 1. The City and the Owner are in negotiations regarding the City’s purchase of a future community park site within the PUD Master Plan (“Future Community Park”) and the City’s shared use of the Non -Potable Water System described in Paragraph II.A.2. of this Agreement for irrigation of the Future Community Park. Park Planning’s participation in the cost of installation and maintenance of the Non -Potable Water System shall be in accordance with the terms of such purchase and sale agreement and/or the water services agreement between the City and the Owner. Reference to the completion of such negotiations is for informational purposes and is not a condition precedent upon which this Agreement is contingent. 2. Notwithstanding Section 24-42(A) of the Municipal Code, or anything else to the contrary, the applicable Montava Metropolitan District (or its assigns) shall be responsible for the operation and maintenance of any parkway, as defined in Section 24 - 6 of the Municipal Code, between a property owner’s property line and the edge of the adjacent local or collector street. H. Forestry {Insert the following language for projects with existing/proposed street trees} A Street Tree Permit must be obtained from the City Forester pursuant to City Code, before any trees noted on the Final Development Plan Documents are planted or pruned on, or removed from, any public right -of- way or City property. This includes areas between the sidewalk and curb, medians, and other City property. The City may withhold any certificate of occupancy for the Development if the Developer fails to obtain a Street Tree Permit, until the Developer obtains said permit and the planting, pruning, and removal of trees or shrubs on or from the public right -of-way or City property is in compliance with the Street Tree Permit and Final Development Plan Documents. In addition to withholding any certificate of occupancy, the City may avail itself of any other legal remedy provided by law for the failure to obtain a Street Tree Permit. As a condition of the Street Tree Permit and of this Agreement, at least one week prior to planting any trees the Developer shall: (1) allow City Forestry Division staff to inspect the proposed planting sites to review compliance with the Final Development Plan Documents and applicable regulations; and (2) allow City Forestry Division staff to inspect and approve, at the nursery if possible, all trees to be planted. City Forestry has the right to reject and/or substitute any trees that do not meet the Forestry Divisions s tandards. Existing and new street trees must continue to be watered at a minimum of forty gallons per week during all construction activities to maintain current tree condition in temperatures above forty degrees using irrigation Commented [JPK24]: This is intended as a placeholder. We need to reference Park Planning's obligations but not restate them. Commented [JPK25]: Missy advised on 5-28-24 that Parks will request this language, currently in a plat note, also be included in the DA. Also see Paragraph I.U. Montava Phase D Developer Draft #1 7.17.24 or hauled water sources. If street trees are damaged or die due to lack of water during construction activities, the developer will be charged the value of the trees as per appraisal by City Forestry Division Staff . {Insert the following language for with existing trees to be removed on - site} _. All tree pruning and removal on the Property must be done by an arborist licensed by the City of Fort Collins and the name of such arborist shall be provided to the City Forestry Division prior to any pruning or removal commencing. A list of licensed arborists is maintained by the City Forestry Division and is available upon request or at fcgov.com/forestry. The use of heavy construction equipment, including but not limited to excavators, backhoes, and bulldozers, to remove trees is not allowed without prior Forestry Division written permission.  {Insert the following language for projects with existing trees to be protected and/or removed on-site} _. During construction, prior to either DCP issuance or of any demolition, grading, excavation, or site work commencing on the Property, whichever occurs earlier, tree protection must be installed around all trees that are shown to be preserved and protected on the Final Development Plan Documents and an arborist licensed by the City of Fort Collins must provide written confirmation to the City that such tr ee protection has been installed. Required tree protection measures are set forth in Land Use Code Section 3.2.1(G) and include, but are not limited to, the requirement that a minimum four-foot-high barrier be erected no closer than six feet from the trunk or one-half the length to the drip line (i.e. the canopy edge), whichever is greater. Prior to landscape work commencing on the Property, the Developer shall schedule a meeting between City Forestry Division staff and the landscapers who will perform the work. Tree protection must be maintained throughout the duration of construction activities on the Property. At any time during construction, and upon City Forestry Division written notice that tree protection is not adequate for one or more trees, the Develope r shall cease construction activities adjacent to such tree or trees until required tree protection measures are in place to the satisfaction of the City Forestry Division. {Insert the following language for projects with trees that Forestry has identified as having structural} _. The Developer, for itself and its successors in interest, understands that the City has identified one or more trees on the Property that have Commented [JPK26]: Per email from Freddie, this provision should not be applicable to Phase D Core. Commented [JPK27]: Per BHA's Existing Tree Inventory Plan, no existing trees will be protected; all will be removed. I think that means we can delete this entire section, however, I wonder if the middle paragraph has broader application and should be retained based on our conversation with Freddie on 6/18/24. Forrest and Angie? Commented [JPK28]: Also per the Existing Tree Inventory Plan, we are not retaining any trees with structural damage. Montava Phase D Developer Draft #1 7.17.24 structural issues that may result in all or part of such tree or trees to fail and cause harm to people or property. The Developer has voluntarily decided to retain such tree or trees. The Developer, for itself and its successors 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 any tree located on the Property that causes harm to any person or damage to property. {Insert the following language for projects with a payment -in-lieu for replacement trees} _. Pursuant to Land Use Code, suitable locations for planting all required replacement trees within one -half mile of the Property were not located and the Developer wishes to submit a payment-in-lieu for such trees. Prior to issuance of the Development Construction Permit, the Developer shall submit to the City Forestry Division a payment as determined by the City Forester for [insert number of replacement trees] replacement trees. I. Historic Preservation 1. Rehabilitation: The Developer shall be responsible for completing all approved and to be approved rehabilitation plans for the historic resources on the Property, specifically the [name of historic resource] addressed as [address] according to the exact details as approved by the Historic Preservation Commission, Historic Preservation Staff and the Planning and Zoning Commission. The rehabilitation work must proceed in a timely manner and within three years of the date of this Agreement. 2. Plan of Protection: In the interim, the Developer shall be responsible for following all prudent measures as outlined in the plan of protection for the project during on-site construction and in the period of use of the Property, prior to and following the rehabilitation of the historic building(s), in order to prevent offenses against the historic resource(s), to comply with minimum maintenance requirements, and to prevent the development of dangerous conditions. The Developer shall also be bound by the applicable requireme nts of Chapter 14 of City Code. 3. Interpretive Signs: The Developer shall be responsible for working with Historic Preservation Staff to design, manufacture, and install interpretive signage as approved by the Historic Preservation Commission, Historic Preservation Staff and the Planning and Zoning Commissi on. The design and installation work must proceed in a timely manner and within three years of the date of this Agreement. Commented [JPK29]: We are not making a payment-in- lieu of tree mitigation, but we are mitigating per the Existing Tree Inventory Plan. Commented [JPK30]: The survey was completed in April and on 5/10, the City's determination of Not Eligible for Designation was issued. There are no historic preservation issues. Montava Phase D Developer Draft #1 7.17.24 J. Soil Amendment In all areas associated with this Development that are to be landscaped or planted in accordance with the Final BDR Development Plan Documents, and do not require a building permit, the soils shall be loosened and amended by the Developer in accordance with Land Use Code § 3.8.21 the Soil Amendment requirements on Sheet L23 of the Final Development Plan Documents of prior to the issuance of 47 82 building permits in this Development. In all areas associated with this Development that are to be landscaped or planted in accordance with the Final BDR Documents, and do require a building permit, tThe completion of soil amendments shall include certification by the Developer as required by City Code §12-132(b) that the work has been completed in accordance with City Code § 2-132the Final Development Plan Documents. This certification shall be submitted to the City for review and acceptance at least two (2) weeks prior to the date of issuance of any certificates of occupancy in this Developmentas set forth in the Final Development Plan Documents. {insert Stormwater language for Soil Amendment} K. Ground Water, Subdrains and Water Rights 1. 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 the City’s storm drainage facilities in the Development. No language in this Paragraph shall be construed or interpreted as establishing in any way the City’s liability for any act or omission and the terms of this Paragraph solely relate to the Developer’s obligation to indemnify and hold harmless the City. 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 Commented [JPK31]: The City's new DA form did not include language for this section, so we have inserted and redlined to the language used in the Phase G DA. Commented [JPK32]: Preferred soil amendment procedures for street tree planting areas were agreed to with Freddie; those specific procedures and the standard requirements for all other areas are set forth in the Street Tree Notes and the General Landscape Notes on Sheet L23 of the Landscape Plans. Commented [JPK33]: 82 is 25% of 331 units. Montava Phase D Developer Draft #1 7.17.24 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. 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 contained in Paragraph II.H 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 days after the City first receives notice of such claim under the Colorado Governmental Immunity Act for the same, shall cause the foregoing indemnities and hold harmless agreements by the Developer to not apply to such claim and such failure shall constitute a release of th e foregoing indemnities and hold harmless agreements as to such claim. L. Hazards and Emergency Access 1. No stockpiled combustible material will be allowed on the Property until a permanent water system is installed by the Developer and approved by the Cityconfirmed as active. {For use with retail, commercial or multifamily (4 or more units per building)} 2. Prior to beginning any building construction, and throughout the build-out of this Development, the Developer shall provide and maintain at all times a reasonable accessway to each building. Such accessway shall be adequate to handle any emergency vehicles or equipment, and the accessway shall be kept open during all phases Montava Phase D Developer Draft #1 7.17.24 of construction. Such accessway shall be constructed to an unobstructed width of at least twenty-feet with four inches of aggregate base course material compacted according to City standards and with a 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. Digital 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. {For use with retail, commercial or multifamily (4 or more units per building)} M. Footing and Foundation Permits {CHOOSE ONE:} {Use this paragraph for greenfield conditions:} Notwithstanding any provision in this Agreement to the contrary, the Developer shall have the right to obtain Footing and Foundation permits 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 Development/phase {choose one delete the other} as shown on the Final Development Plan Documents. {Use this paragraph for infill/redevelopment upon concurrence with Engineering Inspection Manager:} Notwithstanding any provision in this Agreement to the contrary, the Developer shall have the right to obtain Footing and Foundation permits under either of the following circumstances: 1. Upon the installation of all underground water, sanitary sewer, and storm sewer facilities, and an emergency accessway for the Development/phase {choose one delete the other} in which the permit is being requested (the “Required Improvements”). The Required Improvements shall include but not be limited to all mains, lines, services, fire hydrants and appurtenances for the site as shown on the Final Development Plan Documents; or Montava Phase D Developer Draft #1 7.17.24 2.1. Upon the installation of only those Required Improvements deemed necessary or desirable in order to issue the Footing and Foundation permit as determined in the sole discretion of the City after discussion with the Developer prior to issuance of the Developmen t Construction Permit. Should the City allow the Developer to install certain Required Improvements after issuance of the Footing and Foundation permit, the remaining Required Improvements that must be installed by the Developer and the timing for suc h installation shall be memorialized in the Development Construction Permit. The Developer agrees to comply with the Development Construction Permit with regards to the installation and timing of the remaining Required Improvements. N. Development Construction Permit 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, 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. {Add this additional paragraph for infill/redevelopment upon concurrence with Engineering Inspection Manager – if not added, delete “1.” above} 1. Prior to the issuance of a Development Construction Permit the Developer shall obtain the approval of a Construction Management Plan from the City. The Construction Management Plan shall define the management of the construction of the Development, establishing the timing, duration, location, delivery and storage of materials and idle equipment; the timing, duration, and location of parking; and the timing, duration and location for the operation of equipment. The Construction Management Plan shall define t he impacts (if any) to public rights-of-way, which would then be subject to the Encroachment Regulations as indicated in Paragraph II.F.9 of this Agreement. O. Maintenance and Repair Guarantees 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 o f the public Montava Phase D Developer Draft #1 7.17.24 improvements and acceptance thereof by the City. More specific elements of these guarantees are noted in Exhibit B, attached hereto and incorporated herein by reference. Security for the maintenance guarantee and the repair guarantee shall be as provided in Section 3.3.2(C) of the Land Use Code. Notwithstanding the provisions of Paragraphs III (H) and (I) of this Agreement to the contrary, the obligations of the Developer pursuant to this Paragraph and Exhibit B 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. P. Architectural Approval Absent extenuating circumstances, the City will administratively approve a minor amendment of the Final Development Plan Documents approving the consistency of architectural elevations for two-family and single-family attached dwelling units with applicable provisions of the Montava Uses, Densities and Development Standards (“MUDDS”) prior to issuing building permits for each such building type in the Development. Building permit applications for two -family and single-family attached dwelling units shall be reviewed for compliance with the Montava approved architectural elevations. However, in no event shall the Developer b e required to submit to Planning and Zoning Commission or City Council hearings for approval of any minor amendment to the Final Development Plan Documents required in this Paragraph except to the extent a minor amendment is subject to appeal to the Planning and Zoning Commission or City Council. Q. Model Home Permits. 1. Notwithstanding any provision in this Agreement to the contrary, the Developer shall have the right to obtain two (2) Footing and Foundation permits for each Phase D Segment for up to two (2) model homes per Phase D Segment after City approved installation, inspection and testing of all underground water facilities, sanitary sewer facilities, and storm sewer facilities, and an emergency accessway for the property for which the permit is being requested. As used in this Paragraph, the term “facilities ” shall include but not be limited to all mains, lines, services, fire hydrants and appurtenances for the lot for which each permit is requested as shown on the Final Development Plan Documents. There are seven (7) Phase D Segments. 2. Notwithstanding any provision of this Agreement to the contrary, after obtaining said Footing and Foundation permits, the Developer may have the right to obtain up to two (2) model home building permits (the “Model Home Permits”) per Segment upon the installation of those public improvements after issuance of the Model Home Permits, the remaining public improvements deemed necessary or desirable in order to issue the Model Home Permits as determine d in the sole discretion the City after discussion with the Developer prior to issuance of the Commented [BY34]: Update Commented [JPK35]: This language was submitted for the Phase G DA; we are awaiting Brad's Yatabe's response. Montava Phase D Developer Draft #1 7.17.24 Development Construction Permit. Should the City allow the Developer to install certain public improvements after issuance of the Model Home Permits, the remaining public improvements that must be installed by the Developer and the timing for such installation shall be memorialized in the Development Construction Permit. The Developer agrees to comply with the Development Construction Permit with regards to the installation and timing of the remaining public improvements. 3. No lot upon which a Model Home Permit has been issued may be sold until it otherwise complies with this Paragraph M and a certificate of occupancy. R. Future Development Tracts The City and the Developer agree that no certificate of occupancy shall be issued for any structure in Tract AA, Block 7 or Tract JJ, Block 9 of the Development until after approval of the Infrastructure Plans and construction and acceptance of the roadway improvements included therein. 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 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 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 paymen t of all such costs. The Developer also agrees to require all contractors within the Development to keep Commented [JPK36]: This concept was discussed at meetings with staff. Montava Phase D Developer Draft #1 7.17.24 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 that, 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 t hat 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 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 Agreement. The Developer hereby waives any right to object to any such discrepancy in dates. E. Nothing herein contained shall be construed as a waiver of any requirements of City Code or the Land Use Code 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, including any subsequent replatting of all, or a portion of the Property. This Agreement shall also 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. Montava Phase D Developer Draft #1 7.17.24 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 days within which to cure said default. In the event the default remains uncorrected, the party declaring default may elect to: (a) terminat e 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 the Developer which shall require the City to commence legal or equitable action against the Developer, the Developer shall be liable to the City for its reasonable attorney ’s fees and costs incurred by reason of the default. Nothing herein shall be construed to prevent or interfere with the City’s rights and remedies specified in Paragraph III.D of this Agreement. L. Except as may be otherwise expressly provided herein, this Agreement shall not be construed as or deemed to be an agreement for the benefit of any third party or parties, and no third party or parties shall have any right of action hereunder for any cause whatsoever. M. It is expressly understood and agreed by and between the parties hereto that this Agreement shall be governed by and its terms construed under the laws of the State of Colorado and the City of Fort Collins, Colorado. N. Any notice or other communication given by any party hereto to any other party relating to this Agreement shall be hand-delivered or sent by certified mail, return receipt requested, addressed to such other party at their respective addresses as set forth below; and such notice or other communication shall be deemed given when so hand-delivered or three days after so mailed: If to the City: Engineering Development Review City of Fort Collins P.O. Box 580 Montava Phase D Developer Draft #1 7.17.24 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: Montava Development & Construction, LLC c/o Forrest Hancock 430 N. College Ave., Suite 410 Fort Collins, CO 80524-2674 With a copy to: Brownstein Hyatt Farber Schreck, LLP c/o Carolynn C. White 675 15th Street, Suite 2900 Denver, CO 80202 With a copy to: Brownstein Hyatt Farber Schreck, LLP c/o Gregory A. Vallin 675 15th Street, Suite 2900 Denver, CO 80202 If to the Owners: Montava Partners, LLC c/o Matthew Cameron Clark 225 N. 9th Street, Suite 530 Boise, ID 83702-5735 Montava Development & Construction, LLC c/o Forrest Hancock 430 N. College Ave., Suite 410 Fort Collins, CO 80524-2674 With a copy to: Brownstein Hyatt Farber Schreck, LLP c/o Carolynn C. White 675 15th Street, Suite 2900 Denver, CO 80202 With a copy to: Brownstein Hyatt Farber Schreck, LLP c/o Gregory A. Vallin 675 15th Street, Suite 2900 Denver, CO 80202 If to the Lender: Elevations Credit Union Montava Phase D Developer Draft #1 7.17.24 Attn: Tom Beckett 2960 Diagonal Highway P.O. Box 9004 Boulder, CO 80301 With a copy : 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 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 A greement. 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 and signed by all parties hereto. P. Paragraph or Section 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. {Delete this paragraph if the Owner and the Developer are the same entity} a. 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 exercises the rights of the Developer to develop the Property, in which event the obligations of the Developer shall become those of the Owner. Montava Phase D Developer Draft #1 7.17.24 {Delete this section if not applicable – if applicable adjust as appropriate that a lender either has given them a loan or intends to extend a loan and ADD a contact for the bank in the notice lines above} b. Lender Acknowledgment 1. The City acknowledges that it has been informed by {place bank name here} Wells Fargo Bank, National Association, a national banking association Elevations Credit Union (the “Lender”), that the Lender {choose one - has extended/ intends to extend} a loan (the “Loan”) to the Developer to finance the costs of constructing and equipping the Development. 2. The City acknowledges that, pursuant to Paragraph III.N of this Agreement, the Developer has requested that copies of all notices given by the City to the Developer shall also be given to the Lender at the address set forth therein. The City further acknowledges that the Lender has a right (but not the obligation) to remedy or cure any default by the Developer under this Agreement on behalf of the Developer and that the City will accept such remedy or cure if properly carried out by the Lender on behalf of the Developer. 3. Nothing contained herein shall be construed to impose any liability or obligation of the City to the Lender, except as expressly provided in this Paragraph III.Q. c. No term or condition of this Agreement shall be construed or interpreted as a waiver, express or implied, of any of the immunities, rights, benefits, protections, or other provisions, of the Colorado Governmental Immunity Act, CRS §24 -10-101 et seq., or under any other law. Montava Phase D Developer Draft #1 7.17.24 THE CITY OF FORT COLLINS, COLORADO, a Municipal Corporation By: __________________________________ City Manager or Designee Name: __________________________ Title: __________________________ Date: __________________________ ATTEST: ________________________________ City Clerk or Designee Name: ___________________________ Title: ___________________________ APPROVED AS TO CONTENT: ________________________________ City Engineer’s Office Name: ___________________________ Title: ___________________________ APPROVED AS TO FORM: ________________________________ City Attorney’s Office Name: ___________________________ Title: ___________________________ Montava Phase D Developer Draft #1 7.17.24 DEVELOPER: MONTAVA DEVELOPMENT & CONSTRUCTION LLC, a Colorado limited liability company By: Max Moss, Authorized Signatory ATTEST: By: {Name of person signing, title} STATE OF COLORADO ) ) ss. COUNTY OF LARIMER ) The foregoing instrument was acknowledged before me this _____ day of _______, 2024, by Max Moss as Authorized Signatory of Montava Development & Construction LLC. __________________________________ Notary Public My Commission Expires: _______________ Montava Phase D Developer Draft #1 7.17.24 OWNER: MONTAVA PARTNERS, LLC a Colorado limited liability company By: CAMERON INVESTMENTS, L.C., an Idaho limited liability company Manager By:_________________________ Name: Matthew Cameron Clark Title: Manager ATTEST: By: {Name of person signing, title} STATE OF COLORADO ) ) ss. COUNTY OF LARIMER ) The foregoing instrument was acknowledged before me this _____ day of _______, 2024, by Matthew Cameron Clark, Manager of Cameron Investments, L.C., Manager of Montava Partners, LLC. __________________________________ Notary Public My Commission Expires: _______________ Montava Phase D Developer Draft #1 7.17.24 Montava Phase D Developer Draft #1 7.17.24 DEVELOPER: {put in the Developers name and company type as shown on page 1} By: {Name of person signing, title} Date: _______________________________ ATTEST: By: {Name of person signing, title} 1. Business Entity with one signer and no layers. STATE OF COLORADO ) ) ss. COUNTY OF LARIMER ) The foregoing instrument was acknowledged before me this _____ day of ___________, 202__, by _________________ [name of person] as __________________ [title of person] of __________________ [name of business entity]. __________________________________ Notary Public My Commission Expires: _______________ 2. Individual STATE OF COLORADO ) ) ss. COUNTY OF LARIMER ) The foregoing instrument was acknowledged before me this _____ day of __________, 202__, by _________________ [name of person]. Montava Phase D Developer Draft #1 7.17.24 __________________________________ Notary Public My Commission Expires: _______________ 3. Corporation officer and other official. STATE OF COLORADO ) ) ss. COUNTY OF LARIMER ) The foregoing instrument was acknowledged before me this _____ day of ____________, 202__, by _______________ [name of person] as _____________ [title of person] and by _____________ [name of other person] as __________ [title of other person] of _____________ [name of business entity]. __________________________________ Notary Public My Commission Expires: _______________ 4. Layered Entity STATE OF COLORADO ) ) ss. COUNTY OF LARIMER ) The foregoing instrument was acknowledged before me this _____ day of ____________, 202__, by ____________ [name of business entity] by _________________ [name of secondary business entity] [manager, general partner, member, etc, select one] by _______________ [name of person signing] as ___________ [title of person signing]. __________________________________ Notary Public My Commission Expires: _______________ Montava Phase D Developer Draft #1 7.17.24 OWNER: {put in the Owners name and company type as shown on page 1} By: __________________________________ {Name of person signing, title} Date: _______________________________ ATTEST: By: {Name of person signing, title} 1. Business Entity with one signer and no layers. STATE OF COLORADO ) ) ss. COUNTY OF __________ ) The foregoing instrument was acknowledged before me this _____ day of __________, 202__, by _________________ [name of person] as __________________ [title of person] of __________________ [name of business entity]. __________________________________ Notary Public My Commission Expires: _______________ 2. Individual STATE OF COLORADO ) ) ss. COUNTY OF ___________ ) The foregoing instrument was acknowledged before me this _____ day of __________, 202__, by _________________ [name of person]. __________________________________ Montava Phase D Developer Draft #1 7.17.24 Notary Public My Commission Expires: _______________ 3. Corporation officer and other official. STATE OF COLORADO ) ) ss. COUNTY OF _________ ) The foregoing instrument was acknowledged before me this _____ day of ____________, 202__, by _______________ [name of person] as _____________ [title of person] and by _____________ [name of other person] as __________ [title of other person] of _____________ [name of business entity]. __________________________________ Notary Public My Commission Expires: _______________ 4. Layered Entity STATE OF COLORADO ) ) ss. COUNTY OF ___________ ) The foregoing instrument was acknowledged before me this _____ day of ____________, 202__, by ____________ [name of business entity] by _________________ [name of secondary business entity] [manager, general partner, member, etc, select one] by _______________ [name of person signing] as ___________ [title of person signing]. __________________________________ Notary Public My Commission Expires: _______________ Montava Phase D Developer Draft #1 7.17.24 EXHIBIT A 1. 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 replaceme nt 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 Montava Phase D Developer Draft #1 7.17.24 EXHIBIT B MAINTENANCE GUARANTEE: The Developer hereby warrants and guarantees to the City, for a period of two 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 Land Use Code. 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, sid ewalks, 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 correc t 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 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 to the fullest extent of the law or as authorized by this Agreement. Any damages which occurred prior to the end of said two 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 harmless for a five 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 ac count of the design and construction of public improvements of the Property shown on the approved plans and documents for this Development; and the Developer 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 agreeme nt 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. Montava Phase D Developer Draft #1 7.17.24 Further, the Developer agrees that the City shall not be liable to the Developer during the warranty period, for any claim of damages resulting from negligence in exercising engineering techniques and due caution in the construction of cross drains, drives , structures or buildings, the changing of courses of streams and rivers, flooding from natural creeks and rivers, and any other matter whatsoever on private property. Any and all monetary liability occurring under this paragraph shall be the liability of the Developer. The obligations of the Developer pursuant to the “maintenance guarantee” and “repair guarantee” provisions set forth above may not be assigned or transferred to any other person or entity unless the warranted improvements are completed by, and a letter of acceptance of the warranted improvements is received from the City by, such other person or entity. Montava Phase D Developer Draft #1 7.17.24 EXHIBIT C