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HomeMy WebLinkAboutAUTUMN CREEK CONSERVATION DEVELOPMENT SECOND - Filed DA-DEVELOPMENT AGREEMENT -RECEPTION#: 20070040838, 05/31/2007 at 11:54:02 AM, 1 OF 25, R $126.00 TD Pgs: 0 Scott Doyle, Larimer County, CO C RECEIVED MAY 312007 LARIMER COuNi Y ENGINEERING DEPARTMEN I Space above this line used for Recording Data) DEVELOPMENT AGREEMENT FOR AUTUMN CREEK CONSERVATION DEVELOPMENT SECOND FILING 06-S2631 This Agreement is made this 15th day of May, 2007 between the Board of County Commissioners of Larimer County, Colorado ("County"); Bluebonnet Investments, LLC Developer's; and Autumn Creek Homeowner Association, Inc. ("Association"). WHEREAS, Developer is the owner of certain real property situated in Larimer County, Colorado, described on Exhibit A attached hereto and incorporated herein Property"); WHEREAS, County has approved the Preliminary Plat of Autumn Creek Conservation Development by Findings and Resolution dated April 8, 2002 and recorded August 9, 2002 at Reception No. 2002284774 of the Larimer County records; and WHEREAS, Developer has submitted to County'for approval, execution and recordation a final plat for Autumn Creek Conservation Development Filing Two; and WHEREAS, Developer intends to develop the Property (Second Filing) in one phase using a defined set of improvements; and WHEREAS, County has considered the final plat, the proposed development and improvements to the Property, and the requirements to be imposed upon the Property by reason of the proposed development and improvement of the Property included in the final plat; and WHEREAS, County is willing to approve, execute and accept for recordation the final plat upon the agreement of Developer and Association to the matters described in this Agreement; and WHEREAS, County, Developer and Association mutually acknowledge and agree that the matters described in this Agreement are reasonable conditions and requirements to be imposed by County in connection with its approval, execution and acceptance for recordation of the final plat, and that such matters are necessary to protect, promote and enhance the general welfare. NOW, THEREFORE, in consideration of the premises, the mutual covenants herein contained and the approval, execution and acceptance of the final plat for recordation by the County, the parties agree as follows. ROOM to Pianninc5P5/OT Page 1 RECEPTION#: 20070040830, 05/31/2007 at 11:54:02 AM, 2 OF 25, Scott Doyle, Larimer County, CO 1. Title of the Development. The title of the development is Autumn Creek Conservation Development Filing Two, 2. Description of Development and Uses. The Development is a subdivision of Blocks 2 and 3 into I0 lots of varying sizes for single family residential uses. The first phase of this development platted one residential lot and 21.72 acres of residual land open space. Use of the open space is passive for the benefit of the residents of both Filing One and Filing Two. 3. Residual Land Restrictions. The restrictions regarding the residual land are set forth in the Development Agreement for Filing One, recorded March 24, 2006 at Reception No. 20060021261 Latimer County Records. The residual land is subject to the use plans that were part of the approval of Filing One and are exhibits to the Development Agreement for Filing One. 4. Conditions of Approval. Developer acknowledges that the following conditions listed in the Findings and Resolution for Preliminary Plat approval of this development remain to be completed and/or continue to apply: Developer shall pay to County at building permit issuance County and Regional Transportation Capital Expansion Fees, Regional Park Fees in Lieu of Dedication to Thompson R2-J School District, and Drainage Fees. The fees shall be the amount in effect at the time of building permit issuance. 5. Mineral Interests. The Property is subject to any mineral interests at the time of recording. 6. Water Rights and Water Interests. NONE. 7. Improvements. Developer shall construct and install at its own expense all infrastructure improvements described in Exhibit B, including but not limited to streets, curbs, gutters, sidewalks, landscaping, utilities, drainage facilities, water and sewer facilities, flood protection devices and other improvements shown on the final plat or in the supporting documents, in accordance with the plans and specifications, as prepared by Developer's licensed engineers and professionals, and approved by County and the City of Fort Collins. LCPP-127 05/15/07 Page 2 RECEPTION#: 20070040838, 05/31/2007 at 11:54:02 AM, 3 OF 25, Scott Doyle, Larimer County, CO All construction shall be performed in a good and workmanlike manner and in accordance with applicable County standards, rules and regulations governing such construction (and those of the City of Fort Collins, where applicable). 8. Completion Date. All improvements required to be constructed or installed for development of the Property, and all other matters agreed to be performed shall be installed, constructed or performed by Developer on or before May 15, 2009. 9. Water Supply. Developer shall obtain water service from Fort Collins -Loveland Water District. Developer shall install the water system improvements necessary to service the Property in the manner provided on the approved utility plans. The water supply system shall be subject to inspection by Fort Collins -Loveland Water District during construction. Developer shall submit a letter of acceptance from the Fort Collins -Loveland Water District for the maintenance and responsibility of all water supply improvements prior to the completion date as stated in Section 8 of this agreement. 10. Sewage. Developer shall obtain sewer service from South Fort Collins Sanitation District All sewer lines required for the Property shall be constructed in accordance with the requirements of South Fort Collins Sanitation District and as reflected on approved utility plans. The sewer mains and supply service lines shall be subject to inspection by South Fort Collins Sanitation District during construction. Developer shall submit a letter of acceptance from the South Fort Collins Sanitation District for maintenance and responsibility of all sewer improvements prior to the completion date as stated in Section 8 of this agreement. Domestic sewer service shall be extended to Lot I Block I as a part of Filing Two. 11. Trenches. Trenches for sanitary sewer and water, storm sewer lines, and utilities shall be compacted in accordance with specifications defined by County or the water, sewer, and utility service provider. Developer will test trench compaction while work is in progress. A sufficient number of tests shall be made to insure adequate compaction. The test results shall be certified by the soils laboratory and maintained on file at the site by Developer for review by County personnel. In the event adequate compaction testing is not provided, County may order such testing and Developer shall reimburse County for all such costs of testing. No release of the final construction collateral or release of completed improvements shall be made until successful compaction tests are received. Compaction tests must be received and approved by the Engineering Department before the completion date. LCPP-127 05/15/07 Page 3 RECEPTION#: 20070040838, 05/31/2007 at 11:54:02 AM, 4 OF 25, Scott Doyle, Larimer County, CO 12. Roads. A. Developer shall construct all road improvements and install all traffic safety devices as shown on the final plan and in the supporting documents for the Development in accordance with the plans and specifications, as prepared by Developer's licensed engineers and professionals, and approved by the CountyEngineer. All street layout and geometric design shall be in accordance with applicable County standards and as portrayed on the approved construction drawings. Developer shall obtain a Development Construction Permit and any required access or utility permits prior to the start of construction of any road improvements, either public or private. Developer shall submit the following items to request the final release of completed road improvements: a. A signed and stamped statement must be submitted from a professional civil engineer registered in Colorado that the road improvements have been completed in substantial compliance with approved plans and the Larimer County Road Manual or the Urban Area Street Standards whichever is applicable), and that the documenting engineer or his representative have made regular outside on -site inspections during the course of construction and the field plans used are the same as those approved by the County. Copies of all on -site inspection reports performed by the documenting engineer or his representative must be submitted as well. b. Test results must be submitted for all phases of the development as per the Larimer County Road Manual or the Urban Area Street Standards whichever is applicable) for minimum materials sampling, testing and inspection and as required by the County Engineer. c, One (1) copy of the "as built" road improvements plans must be submitted at the time Developer requests a release of collateral. All deviations from approved plans must be listed and shown on the "as built" plans. B. Interim Carpenter Road Improvements. Prior to the issuance of any certificate of occupancy, Developer shall construct interim improvements to Carpenter Road adjacent to this Development in accordance with pages 16-19, inclusive of the construction plans for the Subdivision, as prepared by the Developer's licensed engineers and professionals, and approved by the City and County Engineers (the "Interim Carpenter Road Improvements"). All construction shall be in accordance with the approved construction drawings and the Larimer County Urban Area Street Standards ("LCUASS'). In the event of a conflict between the approved construction drawings and LCUASS, the approved construction drawings shall govern. LCPP-127 05/15/07 Page 4 RECEPTION#: 20070040838, 05/31/2007 at 11:54:02 AM, 5 OF 25, Scott Doyle, Larimer County, CO Prior to commencement of construction of the Interim Carpenter Road Improvements, Developer shall deposit with the City a letter of credit, in a form and amount acceptable to the City, to guarantee completion of the construction and the maintenance and repair of the Interim Carpenter Road Improvements in accordance with Section 3.3.2(1) through (3) of the City Land Use Code. Completion of the Interim Carpenter Road Improvements shall not be required prior to the issuance of building permits if the Developer provides adequate fire protection and an all weather accessway to the Development during all phases of construction as approved by the Loveland Fire Protection Bureau. C. Ultimate Carpenter Road Improvements. In view of the City's desire to improve Carpenter Road as a capital project, which capital project is anticipated to include that portion of Carpenter Road adjacent to this Development, Developer shall take the following actions in compliance with the conditions of the Subdivision Approval and in lieu of any Developer obligation to construct the Ultimate Carpenter Road Improvements: 1) Prior to recordation of the final subdivision plat for Phase Two, the Developer shall provide evidence to the County of its payment to the City of a sum equal to the estimated cost to construct one-half of the local street portion of Carpenter Road and the estimated cost to construct the curb and gutter along the south side of Carpenter Road adjacent to this development, which amounts shall be based upon approved cost estimates. No release of the Construction Collateral shall be made until the above listed items have been submitted. All items listed above must be received and approved by the Engineering Department before the completion date. 13. Storm Drainage Improvements Developer shall construct all storm drainage improvements as shown on the Final Plan and in the supporting documents for the development, in accordance with the plans and specifications, as prepared by Developer's licensed engineers and professionals, and approved by the County Engineer. All design shall be in accordance with applicable County standards and as portrayed on the approved construction drawings. Developer shall obtain a Development Construction Permit and any required access or utility permits prior to the start of construction of any improvements, either public or private. Developer shall submit the following items to request the final release of completed storm drainage improvements: a. A signed and stamped statement must be submitted from a professional civil engineer registered in Colorado that the storm drainage improvements have been completed in substantial compliance with approved plans and the Larimer County Road Manual or the Urban Area Street Standards (whichever is applicable), as well as the Larimer County LCPP-127 05/ 15/07 Page 5 RECEPTION#: 20070040838, 05/31/2007 at 11:54:02 AM, 6 OF 25, Scott Doyle, Larimer County, c0 Stormwater Design Standards, and that the documenting engineer or his representative have made regular outside on -site inspections during the course of construction and the field plans used are the same as those approved by the County. Copies of all on -site inspection reports performed by the documenting engineer or his representative must be submitted as well. b. Test results must be submitted for all phases of the development as per the Larimer County Road Manual or the Urban Area Street Standards whichever is applicable) and the Larimer County Stormwater Design Standards for minimum materials sampling, testing and inspection and as required by the County Engineer. C. One (1) copy of the "as built" storm drainage improvements plans must be submitted at the time Developer requests a release of collateral. All deviations from approved plans must be listed and shown on the "as built" plans. All items listed above must be received and approved by the Engineering Department before the completion date. Developer and all subsequent owners shall be prohibited from constructing or storing anything in any drainage easement or in any way disrupting or changing the drainage pattern as initially designed and installed on the Property per the County approved storm water drainage plan. Developer certifies that this prohibition has also been included in Article III, Section 10 of the Declaration of Covenants for the Property. There is a Larimer County approved drainage plan for this development on file with the Larimer County Engineering Department. This plan details information containing horizontal and vertical placement of the structure, culvert size and location and overall site grading (if applicable). It is the responsibility of the lot ownertbuilder to ensure the drainage of the lot is consistent with this plan. This includes ensuring that the minimum opening elevation/top of foundation is within 2 inches of design elevation. It is also the responsibility of the lot owner to ensure that the installation and maintenance of landscaping and fences on the lots complies with the County approved drainage plan. 14. Public Service —Natural Gas Developer shall obtain natural gas service from Xcel. Developer shall construct improvements as required by Xcel to supply the Property with natural gas utility service. Improvements shall be in accordance with Xcel specifications. In no event, however, shall County be responsible for the inspection and/or acceptance of natural gas utility improvements to the Property. 15. Electric. LCPP-127 05/15/07 Page 6 RECEPTION#: 20070040838, 05/31/2007 at 11:54:02 AM, 7 OF 25, Scott Doyle, Larimer County, CO Developer shall obtain electric service from Poudre Valley REA. Developer shall construct improvements as required by Poudre Valley REA to supply the Property with electric utility service. Improvements shall be in accordance with Poudre Valley REA specifications. In no event, however, shall County be responsible for the inspection and/or acceptance of electric utility improvements to the Property. 16. Telephone and Cable. Developer shall obtain telephone and communication utilities from Qwest. Developer shall construct improvements as required by Qwest to supply the Property with adequate telephone and communication utilities. Improvements shall be made in accordance with Qwest's specifications. In no event, however, shall County be responsible for the inspection and/or acceptance of telephone and/or communications cable improvements to the Property. 17. "As Built" Plans. Developer shall provide to County one (1) copy of "as built" plans prepared by a professional engineer for all drainage structures and facilities, road improvements, erosion control facilities, and other site improvements constructed in connection with the development of the Property. All testing and quality control reports shall also be provided to County and must be submitted prior to final County approval. Developer shall provide to the particular service provider "as built" plans for all water facilities, sewer facilities, and utilities. All as-builts must be received and approved by the Engineering Department and/or the particular service provider before the completion date. 18. Landscaping Improvements. All improvements required to be constructed or installed for development of the Property, and all other matters agreed to be performed as described in Exhibit C, including but not limited to plant materials, stone and/or landscape timbers, shall be installed, constructed or performed by Developer on or before May 15, 2009. Completion of improvements shall be certified stating that the improvements have been constructed in substantial conformance with the final development plan documents. However, the final construction collateral for landscaping improvements will be released only upon the receipt of the certification of completion and inspection and approval of the landscaping by the County. LCPP-127 05/15/07 Page 7 RECEPTION#: 20070040838, 05/31/2007 at 11:54:02 AM, 8 OF 25, Scott Doyle, Larimer County, CO 19. Erosion Control. In order to protect the soil resource, Developer shall construct erosion control facilities at the commencement of construction. The construction and establishment of acceptable erosion control facilities shall be assured and installed by Developer and shall be included in the Public Improvements Opinion of Costs attached hereto as Exhibit B. Erosion control facilities must be installed and approved and the as-builts must be submitted and approved by the County before the completion date. 20, Fire Protection. The Loveland Rural Fire District provides fire protection service to these properties. Specific protection is provided as follows: Lots 1-5, Block 2 and Lots 3-5, Block 3 will have fire sprinkler systems in the homes. Lots I and 2, Block 3 will be protected via a fire hydrant. 21. Addressing. Developer agrees that individual addressing of the lots in the development is an important factor for identification and safety during construction. Developer agrees to obtain addresses, including street name and house numbers, for each lot and to install temporary identifying street and address signage prior to the issuance of any building permit. Developer and all future lot owners agree the County, or the governing body having jurisdiction over the Property, shall have the right at any time to install or require Developer or lot owners to install permanent street signs on the Property, to change or require Developer or lot owners to change the location of any permanent street signs on the Property, and to change any street name or address. 22. Public Improvements Opinion of Costs and Guarantee of Improvements. Construction Collateral. The Public Improvements Opinion of Costs, as prepared by a professional civil engineer licensed in the State of Colorado, detailing the costs of completing the improvements required in this Agreement are shown on Exhibit B. Developer shall famish construction collateral to the County for the completion of the improvements in the form of an irrevocable letter of credit from a state or federally licensed financial institution on a form approved by County. The purpose of the construction collateral provided by Developer is to guarantee that sufficient funds are available for the completion of the improvements described. Although the Public Improvements Opinion of Costs allocates a dollar amount to various improvements, Developer acknowledges and agrees that the County may apply the construction collateral allocated to a particular improvement to any other improvement or category of improvements. The irrevocable letter of credit shall provide for at least the following: LCPP-127 05/15/07 Page 9 RECEPTION#: 20070040838, 05/31/2007 at 11:54:02 AM, 9 OF 25, Scott Doyle, Larimer County, CO a. The amount of the letter of credit is equal to at least 115% of the estimated cost of the improvements; b. The letter of credit is payable to County upon demand if Developer fails to perform the obligations specified in this Agreement and County has notified the issuer of the letter of credit of the failure to perform; C. At all times the unreleased portion of the letter of credit is equal to at least 115% of the estimated costs of the uncompleted portions of the required improvements. In no event shall any amount of the letter of credit be released or reduced without the express written consent of Larimer County; d. Fifteen percent of the total amount will remain available to County until released by County; and e. The date of expiration of the letter of credit must be no earlier than 60 days after the date for completion of the improvements specified in this Agreement, but in no event may the letter of credit expire until County has received 60 days written notice of the pending expiration. Said notice must be sent by certified mail to the County Planning Director. Developer shall fully comply with County regulations and policies for requests for release of collateral. County's consent to release collateral shall not be considered an acceptance of improvements by County for maintenance purposes unless County specifically states otherwise in writing. Procedures for completion of improvements and disbursements to County from the collateral shall apply whether there are one or more defaults, or a succession defaults on the part of Developer in performing the terms, conditions and covenants contained in this Agreement. Landscape Collateral. The Landscaping Improvements Opinion of Costs, detailing the costs of completing the landscaping improvements required in this Agreement are shown on Exhibit C. Until landscape improvements are completed, the Developer shall provide collateral to the County in the form of an irrevocable letter of credit from a state or federally licensed financial institution on a form approved by County for 15 % over the amount for landscape improvements. Upon completion of installation of the landscaping and County inspection and approval, Developer shall provide warranty collateral to the County in the form of an irrevocable letter of credit from a state or federally licensed financial institution on a form approved by County equal to 25% of the grow" items only to ensure their establishment. The warranty collateral shall be effective for one year. The warranty memorandum shall include this landscape warranty requirement. LCPP-127 05/15/07 Page 9 RECEPTION#: 20070040838, 05/31/2007 at 11:54:02 AM, 10 OF 25, Scott Doyle, Larimer County, CO 23. Developer Guarantees and Warranty Collateral. Developer warrants and guarantees that ALL improvements required to be constructed pursuant to this Agreement shall be free from defects in materials and/or workmanship and shall properly function for the purpose intended for a period of two years (the warranty period). The two-year warranty period for all improvements shall commence on the date of final county approval of the last improvement constructed. Within thirty (30) days following County's approval of the last improvement constructed: a. County and Developer shall execute a Warranty Memorandum, The Warranty Memorandum shall specify (i) the date on which the two-year warranty period commences, (ii) the type of warranty collateral to be posted by Developer, and (iii) the improvements which are subject to the warranty collateral. The Warranty Memorandum may allocate a dollar amount to each improvement. Developer acknowledges and agrees, however, that the County may apply the warranty collateral allocated to a particular improvement to any other improvement or category of improvements. b. Developer shall post warranty collateral with the County in a form acceptable to the County. The warranty collateral shall be no less than 15% of the costs of the improvements for which collateral must be posted and shall remain in effect during the entire two-year warranty collateral period. Developer shall correct, replace or repair any improvement discovered to be defective or faulty during the warranty period. Any required correction, repair or replacement shall be commenced within thirty (30) days of County's written notice advising Developer of the necessary work. In the event Developer fails to make the necessary corrections, repairs, or replacements: a. County may use the warranty collateral to do the work to the extent of available funds. Nothing herein shall be construed to require County to complete the work in the event the warranty collateral funds are insufficient to finance the work. b. County and/or any Property owner may commence an action against Developer for specific performance or for money damages for costs of the necessary work; and/or pursue any other legal or equitable action against Developer. C. County may withhold building permits. LCPP•127 05/15/07 Page 10 RECEPTION#: 20070040838, 05/31/2007 at 11:54:02 AM, 11 OF 25, Scott Doyle, Larimer County, CO The above remedies shall be cumulative and the election to pursue one shall not preclude the use of another. 24. Inspections. No construction shall commence without written approval of the County Development Review Construction Inspector in the form of a Development Construction Permit. The issuance of this permit shall follow a pre -construction meeting scheduled by the County Development Review Construction Inspector. Developer shall supply to County Development Review Construction Inspector a schedule of construction and shall notify the County Development Review Construction Inspector of commencement of construction. The Developer agrees to pay the fees associated with the Development Construction Permit. Field inspections of installed of improvements shall be performed by Developer's licensed professional engineers. Inspection reports shall be available for review by County upon request. County shall have the authority to halt construction of any portion of the construction that may be found to be out of compliance with the approved plans and specifications for the development. Developer shall cause such work to be corrected and brought into compliance within the time frame set by the County Engineer, and if not so corrected, the County Engineer may declare Developer in default of this Agreement. 25. Issuance of Building Permits. For purposes of this Agreement, "Building Permit" shall include any permit to begin work to construct a building on the Property, including permits for footings and foundations. Unless otherwise described, Developer acknowledges and agrees that applications for building permits for individual lots shall only be accepted as follows: a. Footing and Foundation Permits will be accepted when all of the following items are complete: 1. Over lot grading is complete and the County Engineer has inspected and approved the grading. 2. Final grading of drainage easements and the installation of the storm water drainage system is complete and the County Engineer has inspected and approved the grading and installation. 3. Construction of the roadway sub -grade and installation of the aggregate base course, or other all-weather surface, for the roadway serving the project is completed and inspected and approved by the County Engineer. 4. Acceptable density tests for the sub -grade and utility trenches have been submitted to and approved by the County Engineer. 5. Street signs are properly installed at all intersections and have been inspected and approved by the County Engineer. LCPP-127 05/15/07 Page 11 RECEPTION#: 20070040838, 05/31/2007 at 11:54:02 AM, 12 OF 25, Scott Doyle, Larimer County, CO b. Full Building Permits will be accepted when all of the following items are complete: 1. Roadway surfacing at least through plant mix bituminous base application is complete and the County Engineer has inspected and approved the surfacing. 2. Density tests for the applied material have been submitted to and approved by the County Engineer. 3. Public water and sewer systems are completely constructed and evidence of acceptance by the appropriate water, sewer and fire protection providers has been submitted to the County Planning Department. Developer shall notify all property owners when the above mentioned items have been completed. County may restrict the issuance of building permits or Certificates of Occupancy if construction is not in compliance with an approved schedule, to be agreed upon by Developer and County. Developer acknowledges that some or all of the lots in the development include building envelopes. All structures must be located within these Larimer County approved building envelopes, as shown on the approved subdivision plat. If a structure is within 5' of the building envelope, the owner/applicant for a building permit will be required to demonstrate that the structure(s) is located within the building envelope prior to the approval of the footing and foundation inspection. This shall be accomplished by a written certification by a Colorado Licensed Surveyor (form available from the Larimer County Planning Department). There is a Larimer County approved drainage plan for this development on file with the Larimer County Engineering Department. This plan details information containing horizontal and vertical placement of the structure, culvert size and location and overall site grading (if applicable). It is the responsibility of the lot owner/builder to ensure the drainage of the lot is consistent with this plan. This includes ensuring that the minimum opening elevation/top of foundation is within 2 inches of design elevation. It is also the responsibility of the lot owner to ensure that the installation and maintenance of landscaping and fences on the lots complies with the County approved drainage plan. 26. Fees Developer shall pay to County at building permit issuance County and Regional Transportation Capital Expansion Fees, and Regional Park Fees In Lieu of Dedication, School Fees, and Drainage Fees. The fees shall be the amount in effect at the time of building permit issuance. Developer acknowledges and agrees that such fees are roughly proportional to impacts created by this development. Developer shall also pay any other applicable legislatively formulated and duly adopted fees which are in effect and required to be paid at LCPP-127 05/15/07 Page 12 RECEPTION#: 20070040838, 05/31/2007 at 11:54:02 AM, 13 OF 25, Scott Doyle, Larimer County, CO the time of building permit issuance provided such fees are imposed on a broad class of property owners. 27. Maintenance of Improvements, Common Areas, and Residual Land a. During the two-year warranty period, Developer shalt be solely responsible to maintain, repair and replace any and all improvements in the development (including but not limited to roads, bridges, curbs, gutters, sidewalks, drainage facilities, sewer systems, utilities, landscaping) and common areas. Upon expiration of the two-year warranty period, the property owners, individually, and the Association, shall be solely responsible for such maintenance, repairs and replacements. County shall have no liability or obligation for such maintenance, repairs or replacements. b. The Association shall set and collect dues and assessments from Propertyownersinanamountsufficienttocarryoutitsmaintenance responsibilities. C. The Association shall be solely responsible to maintain the Residual Land. Such maintenance shall be in accordance with the authority conferred on the Association by the protective covenants for the Subdivision (Article III, Sections 8 and 13). County, or its designee, is authorized to enter on to the Residual Land from time to time to monitor and inspect the Residual Land to insure that it is being properly maintained. d. In the event the County determines that the responsible entity/person(s) has failed to adequately maintain the improvements, common areas or Residual Land, County shall so notify the responsible entity/person(s) in writing. Such notice shall specifically state the manner in which the entity/person(s) has failed to maintain the improvements, common areas or Residual Land and the steps that must be taken to come into compliance. The notice shall include a demand that such deficiencies in maintenance be cured within thirty (30) days of the date of the notice and shall also state the time and place of a hearing before the Board of County Commissioners, which shall be held within fifteen (15) days of the notice. At such hearing, the County may modify the terms of its original notice as to the deficiencies, and may give an extension of time within which they shall be cured. If the deficiencies set forth in the original notice, or in the modifications thereof, are not cured within said thirty days or any extension thereof, the County, in order to preserve the taxable values of the property contained within the development, and to prevent the improvements, common areas, or Residual Land from becoming a public nuisance and public liability, may undertake to maintain the same for a period of at least one year. LCPP-127 05/15/07 Page 13 RECEPTION#: 20070040838, 05/31/2007 at 11:54:02 AM, 14 OF 25, Scott Doyle, Larimer County, CO Before expiration of the maintenance period, the County, upon its initiative or upon the written request of the responsible entity/person(s) may call a public hearing before the Board of County Commissioners upon notice to such responsible entity/person(s) and to the Property owners. At the hearing, the responsible entity/person(s) shall show cause why maintenance by the County shall not, at the election of the County continue for an additional set period. If the Board determines that the responsible entity/person(s) is ready and able to maintain the improvements, common areas, or Residual Land, the County shall cease to maintain the improvements, common areas, or Residual Land. If the Board determines the responsible entity/person(s) is not ready and able to maintain the improvements, common areas, or Residual Land, the County may, in its discretion, continue such maintenance for a succeeding set period subject to a similar hearing and determination prior to the expiration of such period. The cost of such maintenance by the County and the costs of enforcement incurred by the County, including but not limited to monitoring, inspections, and legal fees, shall be paid by the owners of the Property that have a right to enjoyment or use of the improvements involved or the Residual Land. Any unpaid costs shall become a lien upon said properties. The County shall file a notice of such lien in the office of the County Clerk and recorder upon the properties affected by such lien and shall certify such unpaid costs to the County Treasurer for collection, enforcement and remittance in the manner and with the same priority as provided by law for the collection, enforcement and remittance of general property taxes. 28. Declaration of Covenants. Developer and Association certify that Article III, Sections 8 and 13 of the Declaration of Covenants for the Property provide for a regular maintenance program and adequate funding for maintenance, repairs and replacements of improvements (including roads, bridges, curbs, gutters, sidewalks, drainage facilities, landscaping) and common areas and means of enforcement; continuous safety inspections and immediate follow-up maintenance to correct unsafe conditions; the receiving and processing of complaints. Developer and Association agree that the Association shall not be dissolved without the written consent of the Board of County Commissioners of Larimer County and certify that the Bylaws and Article III, Section 8 of the Declaration of Covenants include this prohibition. 29. Liability/Indemnity. County's review and approval of any plans, reports, or drawings or County's inspection and approval of any improvements constructed by Developer under this Agreement does not constitute a representation, warranty, or guarantee by County that such improvements are free from defects or will operate adequately for the purpose intended. Current and successor owners of the Property assume LCPP-127 05/15/07 Page 14 RECEPTION#: 20070040838, 05/31/2007 at 11:54:02 AM, 15 OF 25, Scott Doyle, Larimer County, CO responsibility for all maintenance, repairs, or replacements of improvements, including, but not limited to roads, bridges, curbs, gutters, sidewalks, drainage facilities, sewer systems, utilities, landscaping, common areas and Residual Land. Developer agrees to indemnify and hold County, its officers, employees and assigns harmless from and against all claims, costs and liabilities of every kind and nature, for injury or damage received or sustained by any person or entity in connection with, or on account of the performance, condition or quality of work at the development of the Property pursuant to this Agreement. Developer further agrees to aid and defend County in the event County is named as a defendant in an action concerning the performance, condition or quality of work pursuant to this Agreement, except where such suit is brought by Developer against County. Developer acknowledges it is not an agent or employee of County. Nothing in this Agreement shall be construed as a waiver, either express or implied, of the immunities, rights, benefits, and protections afforded County under the Colorado Governmental Immunity Act. 30. Default/Remedies/Enforeement. Upon default of the provisions of this Agreement, the parties agree that this Agreement may be specifically enforced by any party or any party may proceed in any other manner authorized by law for a breach of contract. In addition, the County may: a. Demand payment under the letter of credit and use the proceeds to complete the improvements specified herein with or without public letting as it may deem advisable. In the event the collateral is insufficient to complete the improvements, County shall be entitled to payment of such excess in any way permitted by law. Nothing herein shall be construed as requiring County to complete all of the improvements specified herein in the event the proceeds of such letter of credit are insufficient to finance all the improvements. b. Issue a written notice to Developer to appear and show cause why the subdivision shall not be vacated. Giving notice shall be deemed complete upon mailing same certified mail to the address stated herein. The notice shall designate the date, time and place the Board of County Commissioners wilt conduct a hearing to consider vacation of the plat. The hearing shall be not less than thirty (30) nor more than sixty (60) days from the date of the notice. Proceed in the manner described in the Larimer County Land Use Code or State Statutes for a violation of the State or local subdivision regulations. d. Withhold building permits and certificates of occupancy. LCPP-127 05/15/07 Page 15 RECEPTION#: 20070040838, 05/31/2007 at 11:54:02 AM, 16 OF 25, Scott Doyle, Larimer County, CO The remedies set forth herein are cumulative and the election to use one shall not preclude use of another. In the event of default by Developer or Association, Developer and Association agree to pay all expenses incurred by County occasioned by said default, including, but not limited to, a reasonable attorney's fees in enforcing this Agreement. 31. Applicability of Other Regulations and Conditions. This Agreement and the terms, conditions and covenants contained herein shall be deemed to complement and shall be in addition to the conditions and requirement of the Larimer County Land Use Code and other applicable laws, rules and regulations, notwithstanding anything contained or referred to the contrary. 32. Periodic Reviews. County may conduct periodic reviews of the status of the development as appropriate to monitor and enforce the terms of this Agreement. 33, Binding Effect of Agreement. This Agreement is intended to provide for the orderly construction and maintenance of structures and other improvements on the Property. This Agreement shall be a servitude running with the Property. Those owners of the Property or any portion of the Property who obtain title subsequent to the date of this Agreement, their heirs, successors, assigns or transferees, and persons holding under Developer shall comply with the terms hereof. If the Property becomes included within the boundaries of any city or town, the County's rights under this Agreement shall automatically pass to the governing body of the city or town and the successor town or city may enforce this Agreement against such subsequent owners and those holding under them. In the event Developer transfers title to the Property and is thereby divested of all equitable and legal interest in the Property, 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(s) shall be bound by the terms of this Agreement. 34. Notations and Recordation. Developer shall note on the final subdivision plat, as a plat note, and in a disclosure statement the existence of this Agreement as recorded by the Larimer County Clerk and Recorder. Developer shall note on the final subdivision plat and in the disclosure notice the entity/person(s) responsible for maintenance of the improvements, landscaping, common areas and Residual Land. Developer LCPP-127 05/15/07 Page 16 RECEPTION#: 20070040838, 05/31/2007 at 11:54:02 AM, 17 OF 25, Scott Doyle, Larimer County, CO shall file for recording with the Larimer County Clerk and Recorder, this Agreement and any deeds and/or other documents required as part of the final platapprovalofthisdevelopmentbytheBoardofCountyCommissioners. 35. Conflict with Other Documents. In the event of a conflict between the terms or conditions of this Agreement and the Declaration of Covenants, Plat Notes, Disclosure Notice, or Findings andResolution, this Agreement shall control. 36. Severability. If any part, terms, or provision of this Agreement is held by a court to be illegal or otherwise unenforceable, such illegality or unenforceability will not affect the validity of any other part, terms, or provision and the rights of the parties will be construed as if the part, terms, or provision was never part of this Agreement. 37. Amendment. This Agreement may be amended by mutual consent of the County and 75% of the Filing Two Property owners based on one (1) vote per lot, provided such amendment is in writing. 38. Controlling Law. This Agreement shall be governed by the laws of the State of Colorado. LCPP-127 05/15/07 Page 17 RECEPTION#: 20070040838, 05/31/2007 at 11:54:02 AM, 18 OF 25, Scott Doyle, Larimer County, CO LARIMER COUNTY: Boatel of Commissioners of Larimer County, Colorado A to STATE OF COLORADO) COUNTY OF LARIMER) SEAL T e f ing instrument was c edged b brepq this.ay of 2007 b / as Chair of the Board 6f C#rmfy Commissioners of Larimer County, C61orado. Witness my hand and official se My Commission Expires: alloPublic 0o'0° LCPP-127 12/04/06 Page 19 RECEPTION#: 20070040838, 05/31/2007 at 11:54:02 AM, 19 OF 25, Scott Doyle, Larimer County, CO OWNER/DEVELOPER: Bluebonnet Investments, LLC Manager STATE OF COLORADO) COUNTY OF LARIMER) Acknowledged before me this 'j46 day of %%% 2007 by WilliamLocklearasMana% uebonnet Investments, LL . Notary Public Witness my My commission expires: -/5 •a OO 9 LCPP-127 12/04/06 Page 19 RECEPTION#: 20070040838, 05/31/2007 at 11:54:02 AM, 20 OF 25, Scott Doyle, Larimer County, CO ASSOCIATION: Autumn Creek Homeowner Association, Inc. By:G fi...ri . President Name and Title ATTEST: Corporate Secretary STATE OF COLORADO) COUNTY OF LARIMER) Ac]cnowledged before me this day of %% 2007 by AK as President of Autumn Creek Homeowner Association, Inc. and n._ r as Secretary of Autumn Creek Homeowner Association, Inc. T, Notary Public Witness my seal. My commission expires: '7 •/5J;&7 LCPP-127 12/04/06 Page 20 RECEPTION#: 20070040838, 05/31/2007 at 11:54:02 AM, 21 OF 25, Scott Doyle, Larimer County, Co Exhibit A Autumn Creek Conservation Development Second Filing, A Tract of Land, Being a Replat of Blocks 2 and 3, Residual Lots A and B and Common Area Lots A and B of Autumn Creek Conservation Development, Located in the Northwest % of Section 19, Township 6 North, Range 68 West of the 6'h P.M., County of Larimer, State of Colorado RECEPTION#: 20070040838, 05/31/2007 at 11:54:02 AM, 22 OF 25, Scott Doyle, Larimer County, CO EXHIBIT 8 Public Improvement Opinion of Costs Pnolabt Mama: Autumn Crwk 8 T CY I 80.88 11467 7,790.76 Dkf EA 3160.001 lei 82880.00 InIN PrOhdlon EA 8270.00 6 H,620.00 LF 31.30 azm 4,100.006000RX::=T Pad EA 81300.00 1 1300.00 nl CY 31.10 WW s106B0.00 EA 490.00 10 4 900.00 S9baka 20.11 Eradw Coro) $33,210.76 20a2 stir tin roY wft and S1en LS 0.ao a sin cw ee and aba nKaa. EA 0.00 sa«I er 1.0o or" 19466.ao Expvalbn CY 0.87 470e8 841AM46 1130RW CY 80.00 FN CY - 0.67 40715 28937.66 vMbnCY lo. rWCY se.^ a^tSY 40.00trrs: P HBP over r ABC SY 19.60 899- 130.788. R0s0:4" HBPO WABC 8Y 822.80 891 21 228.90 irAcoar Road: r ABC SY 5.60 1467 178. BY4Nrj:R 0. SY 0. CY 0.00 oaaman4 EAb*$ BA 460.00 10 4800.00 IMb EA 200.00 33870.00 emrhEA 30A0onic@" LF 74.20 46 83,3m.00 SUM W 20.22 Sbrr lmpOwi aft SM.90.71 20.2.3 enuebur B Shmm EA 40.00 eua" I LF moo Rse rtilan LF I I 30.00 Ra81 ul8o LF I I 1 30.00 Haa"Is I EA 1 $1670.00 1 31670.00 Ah%W20.23StrucMsa $1,670.00 2014 PsdnbUn and eBuwa Facilities C SF 57.40 3716 1Z7491.00 CanoslaAcers SF 37.40 180 11,33200 8kkwrlk Patch2 SF 86.30 Me 8216240 Sid LF 1.20 1730 82,076.00 14nd1 THCk 8ltleaalk SY 0.00 bkldt THck SWawat 4.V VNde LF 15.00 1730 27507.00 Ra w1A11A Pays EA 800.00 10 88900.00 Sid avwk Char, 11W EA 83.M.00 2 87.640.00 8' Cwb Chre SF 6.30 275 1 67.50 0rht LF 0.29 010 88,972.00 Bklawa8Chrw1200 EA 030.00 1 89030.00 Cub and Outlr Gavdm LF 1.00 6286 8,203.00 Cub end CutMr-18"Vedlral I LF 816.00 14B 82,306.60 Cub OW CUIM-31"kbudebN I LF 812.70 4290 63,721.00 Ckwdwm Cub LF 10.00 SubWal 20.2.4 Pedeablen end Bikeway Fe NMw $140,479.40 RECEPTION#: 20070040838, 05/31/2007 at 11:54:02 AM, 23 OF 25, Scott Doyle, Larimer County, CO Public IMPMMerlb Opinion of Cab Proled Nam: Autumn C71mk 20.2,8 Trwft 81muisL BkMne eu1 JIMMn . BWtlrd Stne161 ne - -- Strdad Pooh EA EA SM00 1 470.00 sD.DDWdWdEA470.00 1 470.00surd" Lk* Er 0.00LatrxPaint4InchesLF LaWr PSW 8lndms LF 0.00 LM" POM 121ndee LF 00. Low Paint is LF fae0 lakeLPPEMkwhM E Pavenem M 4 Ylehee LF 00.00 0.00 0.00EPavarnedMomLF80.00EPawrwd121rWwLF0.00P=W1 0wMew1a " LF 0.00EPawnedindmLF80.00 Plamrtned h M a Cloeseeb LF p 0pPfeM1vintlUtleSF10.00 ra8k S e....-._...- _ EA 4D.00 Vw,m. +lN.ory vry ueyrq iWa.W 20.0 Stem DrWmoe Feailafee CMP Culvan wfFES LFM$83 100 3,000.00 1B' CL IS RCP LF 24 81,0m.a0 SP CLIII RCP LF 341 818,743.10 24'RCP FES EA 0 8 f1,860.00 4a'BMnMedpk EA 1 41760.00 Slam P Erxexxanent EA a 200.00 c in et EA 1 52,080.00 PeW OIWet Sax EA 1 N1000.00 R CY a1 i8,723.00 mr.,..o,.wnr ananaaereavvw iM,tNia.70 9 Romwals mW Rd er Sewer SY 698.80 N 8Y.846.20 NP V afer 6ne Sy 48560 80 to S40.00 Celoata 8klewk SF 80.46 108 103.60 CuNelt mm0uN L8 8390.00 1 M.00 M SY s9.00 N Removal Sy 83.10 QO 5188.00 Fe Remowl LF 80.60 so 41081.7D amwa ea.<.a removae alia raper 812,U0.50 20.3.10 ConprueWn SurveylnWfftklnO ILS 478,000.00 1 418,000.00 Sabi" 20.210 CDashw fon Sw"Aj0ftWq 818.000.00 20.2.11 Mefarim Twon8 ILS 1 $13.000,00 7 i19,000.00 Su0toW 20.211 Unfadaf Tesft $13.000.00 20.2.12 Reewd Draem0s ILS $500.001 11 4500.00 Subfde20.2.72Rec vmw#W 8500.00 20.2.13 Constuc0on llwmg t ILS 1 $12,000.00 1 S12W0.00 SUOfofal 20.2.13 Connmc8el Mwmwnenf 812,OOD.00 - RECEPTION#: 20070040838, 05/31/2007 at 11:54:02 AM, 24 OF 25, Scott Doyle, Larimer County, CO SEAL cotCf2A0 0.. Pu6No hRprowmmb Opinion of Cobb Ptoied Nunn: Autumn Croak wow une Cwu6ucum 1' IMd T EA 970.00 1 p e70.aD14'. MTa EA l3,190Ao t $3,190.00 e' PVC C900 CYeb 180 DR 18 LF l26e0 2842 l60,113.00 r aww EA 0270.00 3 $810.00 V Tse EA 410.00 1 $410.00rxrRectorsEA54.00 1 $84.00 6'VMwwhh BOX EA seeo.w 2 $1700.00PieEA61e46D92661880.003firSWVIMStubsEA11200.00 11 624,200.00PRVEAi24800.00 1 800A0 Too LS 1 1 600.Oo 1 $1 ee9.b6 Ffow FitI CY 1 W40 30 i1,98200ebsetCAP"It I Ls 1 420.a9 1 i420.ao Submfel ftierLhe Caneeuelm e.e. arn.n SNWWLjm Combvcftn 1.1= Cannxlm M*ftwo EA 1400.00 1 i14aSa0 PVC eOR LF 33.60 3970 129846.00 4' McMde EA 82140.00 18 i38,620.00 rservkesh" EA N,910.00 12!1 4122.929.00 r CMrpul EA ls4D,a9 8 117o9.ao etW Ls 7.400.09 1 57,490.00 EA 11,240.00 2 92460.00 un wrwumw em4,1a90 SUBTOTAL OF PUBLIC IMPROVEMENTS: $808.511.67, AddWORMI 16% rowbed by Section 116.2.C: 6133,276.76 GRAND TOTAL OF PUBLIC IMPROVEMENTS: 61,021,786A2 i ATTEST: BOARD OF COUNTY COMMONERS LARIMER COUNTY C from L PROFESSIONAL ENOINEER)Slp,ntutslBhmP) Rs"Ired N pwieet in DMA) DEVELOPER RECEPTION#: 20070040838, 05/31/2007 at 11:54:02 AM, 25 OF 25, Scott Doyle, Larimer County, CO EXHIBIT C Pubbe Improvenrony Opinion of Coaft Project Noms•. Autumn Croak Landmoo knomvanrMc FNeM Msbrbb LS 128.00 1 3eaA29.00 on L$ 3.211.00 1 i3,2tt.00 P StnkhlM U7smeraE (Ouabo7, Bmld>as, L$ 6 111.00 1 3a,1t1.00 Fa nUdns, etc. L$ 0 t0.00 Mulch YYseC Bsn(er MebuiNs LS 516,082.00 1 it8,00200 Tres MekAWa L$ 11/3.00 1 N,ee3.08 SUBTOTAL OF LANDSCAPE IMPROVIDAENTS: AMINlonsl 18_% MWW by 1M Div. A1lroe Mnt GRAND TOTAL OF LANDSCAPE IMPROVEMENTS: 871na.00 13,081.25 100,388.28 ATTEST: BOARD OF COUNTY COMMIS&ONEM uIaMER COUNTY s PROFESSIONAL ENGINEER(SIOmturW3Wmp) DEVELOPER Ts9uhed M project M GSA) W.'W B