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- ,l
THE FACE OF THIS DOCUMENT HAS A COLORED BACKGROUND ON WHITE PAPER
Title Company of the Rockies
Escrow Account
10 W. Beaver Creek Blvd #221, P.O. Box 980
Avon CO 81620 -0980
(970) 949 -9497
PAY Three Hundred Ten and 00 /100 Dollars
Alpine Bank of Colorado
Avon, CO 46456
82- 340/1021
DATE AMOUNT
05/23/2016 $310.00
TO THE The Town of Avon, a Colorado municipal corporation organized as a
ORDER OF home rule city VOID AFTER 90 DAYS
One Lake Street
PO Box 975 ,oES wrt„ H-'
qq ,
Mrmot___......(1A1(.(.Q7• 8t SECURITY FEATURES INCLUDED. DETAILS ON BACK. IJ
I'm 464S611' 1:10 2 10 340 71: 3 4 700 13 28011'
Title Company of the Rockies Alpine Bank of Colorado
10 W. Beaver Creek Blvd #221, P.O. Box 980 Avon, CO
Avon CO 81620 -0980
(970) 949 -9497
0816692 Check Date: 05/23/2016
PAYEE: The Town of Avon, a Colorado municipal corporation organized as a home rule city
SELLER: Points of Colorado, Inc., a Colorado corporation
BUYER: The Town of Avon, a Colorado municipal corporation organized as a home rule city
ADDRESS: 140 W. Beaver Creek Blvd., Avon, CO 81620
Line Items ion Amount
- - - C� Refund - Recording Fee Overage $310.00
$310.00
46456
Ballard Spahr
1225 17rh Streer, Suite 2300
Denver. CO 8o2o2 -5596
iEl 103.193,1400
— 303.296.3956
www.bailards*ncom
May 24, 2016
CLOSING AND RECORDING .INSTRUCTIONS
By email — blarson@a.titlecorockies.com
Title Company of the Rockies
10 W. Beaver Creek Blvd., 4221
Avon, CO 81620
Christopher W. Payne
Tel: 303199,7345
Fax: 303.296.3956
payne@ballardspahr.com
Re: Purchase and Sale Agreement, between Points of Colorado, Inc, ( "Sel1er ") and the 1'orvn of
Avon ( "Purchaser "); Title Company of the Rockies, as agent for Westcor Land Title
Insurance Company ( "Title Company ") File No. 0816642 (the "Commitment "); 140 W.
Beaver Creek Blvd,, Avon, CO 81.620 (the "Pro ')
Dear Mr. Larson:
This law firm represents Seller in connection with the conveyance of the above Property. This letter
shall constitute your instructions with respect to the Documents and Funds described herein,
Received by you under separate cover are the documents listed on Schedule 1 to this letter, executed
by Seller (hereinafter, the "Documents ").
On or before May 20, 2016, you shall also receive} by wire transfer good funds in the amount
required to pay the purchase price and other expenses of this closing in accordance with the
settlement statements to be executed by Purchaser and Seller (the "Funds ").
As soon as (i) you have received executed settlement statements from Purchaser and Seller; (ii) you
have received the Funds; and (iii) you have received electronic mail or telephonic authorization from
David Weaver, Sellcr's representative, or Christopher Payne or Alicia Clark (or any other attorney at
Ballard Spahr LLP), you are authorized and directed to: (A) cause the Funds to be disbursed in
accordance with the Purchaser's and Seller's settlement statements, including payment of the balance
to Seller in with the wire instructions provided by Seller, and (B) record documents in the following
order in the real property records of Eagle County, Colorado, taking care to fill in blanks with
available information prior to recordation:
(1) Second Amended Final Plat, a Replat of Lots 4, 2C and 5, Mountain Vista Resort
Subdivision
(2) Notice of Withdrawal and Supplemental Declaration Mountain Vista Resort Subdivision
aanrW>.~ST 1110514909 Q
Allaoli I i121rimora I heihasds I Dalawaft I benw I Les Vegas I LosAnples I Now krsay I ls`ow Yerk I Philadolphia I PbDcnix
Salt Lake City I San Diego I Washington, DC I www.ballardspahr.com
Title Company of the Rockies
May 24, 2016
Page 2
(3) Special Warranty Deed
(4) Lot 4 Easement Agreement
If the foregoing has not occurred by 5:00 p.m., mountain time, May 20, 2016 or such later date as
designated in writing by the Purchaser and Seller (or their respective counsel), you shall return the
Documents to the Seller (or its counsel) and remit the Funds to Purchaser.
Within thirty (30) days thereafter, kindly return to us a complete set of counterpart originals (to the
extent available) or copies of the executed Documents, and please deliver to us no later than (1)
business day after the day of recordation a copy of each recorded document showing the recording
information.
The purchase and sale of the Property is the sale of "reportable real estate" within the meaning of
United States Treasury Regulations Section I.605 -4 (the "Regulations "). You constitute the "real
estate reporting, person" within the meaning of the Regulations and you shall file all reports with the
federal government as required by the Regulations in connection with the closing of the sale of the
Property.
Please acknowledge receipt of the Documents and acceptance by you of these instructions by
executing a counterpart of these instructions and return a pdf copy to my attention at
payne@ballardspahr.com, and to Alicia Clark's attention at ciarka @ballardspahr.com. By your
signature, you acknowledge and agree that the Title Company has received the Documents, You
further acknowledge and agree, upon receipt of the Funds and satisfaction of the above conditions
and satisfaction of all requirements contained in the Commitment, the Title Company is
unconditionally and irrevocably obligated to disburse the Funds in accordance with the Purchaser's
and Seller's settlement statements.
An electronic and counterpart signature of these instructions shall be deemed an original and together
shall constitute one document. Please feel free to call me at 303 - 299 -7345 with questions. Thank
you for your assistance. .
Very truly yours,
N.-
p6rU-
Christopher W. Payne
CWP /rnd
DMV&ST 111435290A 0
Title Company of the Rockies
May 24, 2016
Page 3
INSTRUCTIONS AGREED AND APPROVED
AS OF THE DATE FIRST ABOVE WRITTEN
AND RECEIPT ACKNOWLEDGED OF TIDE
DOCUMENTS INDICATED HEREIN;
TITLE COMPANY OF THE ROCKIES as
agent for WESTCOR LAND TITLE
INSURANCE COMPANY
Its duly authorized signatory
DATE:
DMiWEST *14352408 Q
Schedule 1
Documents
Special Warranty Deed (original to Purchaser)
Second Amended Final Plat, a Replat of Lots 4, 2C and 5, Mountain Vista Resort Subdivision
(retained by County)
Notice of Withdrawal and Supplemental Declaration Mountain Vista Resort Subdivision
Lot 4 Easement Agreement
Statement of Authority
Owner's Affidavit
Buyer /Seller Prorations Agreement re: taxes, utilities
FIR.PTA
Information re Conveyance of Colorado Real Property
Real Property Transfer Declaration
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Eagle County, CO 201607620
Teak J Simonton 05/20/2016
Pgs: 1 01:34:36 PM
REC: $11.00 DOC: $0.00
Statement of Authority
(Section 38 -30 -172, C.R.S.)
1. This Statement of Authority relates to an entity named: Points of Colorado, Inc. (the
"Entity ").
2. The Entity is: a corporation.
3. The Entity is formed under the laws of the State of Colorado.
4. The mailing address for the Entity is: 9002 San Marco Court, Orlando, Florida 32819.
5. The name(s) and title(s) of the person(s) authorized to execute instruments conveying,
encumbering, or otherwise affecting title to real property on behalf of the Entity is /are:
Heather McGill, Senior Vice President/Chief Financial Officer
6. The authority of the foregoing person(s) to bind the Entity is not limited.
7. Other matters concerning the manner in which the Entity deals with interests in real
property: N/A
8. This Statement'of Authority is executed on behalf of the Entity pursuant to the provisions
of Section 38 -30 -172, C.R.S.
Executed this s% _ day of May, 2016.
Points of olor o, Inc., a Colorado corporation
BY:
Heather McGill, its Senior Vice President/Chief Financial Officer
STATE OF FLORIDA ) ,
ss.
COUNTY OF ORANGE )
The foregoing Statement of Authority was acknowledged before me this 1 1" day of
May, 2016 by Heather McGill, Senior Vice President/Chief Financial Officer, of Points of
Colorado, Inc., a Colorado corporation.
Witness my hand and official seal.
My commission expires:
JENNIFER A. LIZOTTE -04
tti£ Notary PuC1k • State of Florida otar ? _C
• . = COMMIS110n I FF 944755 j blic
My Comm. Expires pee 17.2019
Bonded through National Notary Assn.
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Eagle County, CO 201607622
Teak J Simonton 05/20l2016
Pgs: 3 01:34:36 PM
REC: $21.00 DOC: $0.00
3/x,1 v
After Recording Return To:
Christopher Payne, Esq.
Ballard Spahr LLP
1225 17th Street, Suite 2300
Denver, Colorado 80202
NOTICE OF WITHDRAWAL AND SUPPLEMENTAL DECLARATION
MOUNTAIN VISTA RESORT SUBDIVISION
This Notice of Withdrawal and Supplemental Declaration ( "Notice of Withdrawal") is
being recorded by the undersigned Developer, in accordance with Section 19.3 of the Master
Declaration for Mountain Vista Resort Subdivision, dated as'of April 18, 2001, and recorded in
the real property records of Eagle County, Colorado ( "Records ") on April 18, 2001 at Reception
No. 754853 (as amended or supplemented from time to time, the "Declaration "). The
Declaration applies to certain Master Units and Lots as described in the Plat for fountain Vista
Subdivision, recorded in the Records on April 18, 2001, at Reception No. 754852, as such Plat
has been or may be supplemented or amended from time to time, including without limitation, by
the Second Amended Final Plat, a 'Replat of Lots 4, 2C and 5, recorded on �' at
Reception No. ,2014674JI . Capitalized terms used but not defined herein have the meanings
given in the Declaration.
Notice is hereby given that Master Unit Lot 4 is withdrawn from the Condominium and
Property and from the provisions of the Declaration by the Developer prior to the sale of Master
Unit Lot 4. The Declaration is hereby amended and supplemented accordingly. Without
limiting the generality of the foregoing, Exhibit A to the Declaration (Legal Description of
Property) is hereby modified, replaced and restated in its entirety to reflect the withdrawal of the
Master Unit Lot 4 from the .Condominium and Property, as shown on the replacement exhibit
attached hereto.
[Signature Page Attached]
IN WITNESS WHEREOF, Developer has executed this Notice of Withdrawal and
Supplemental Declaration as of the date acknowledged herein. i
DEVELOPER:
POINTS OF COLORADO, INC., a Colorado
corporation
By:
Name: Heather McGill
Title: Senior Vice President/Chief Financial Officer
STATE OF FLORIDA
)ss.
COUNTY OF ORANGE )
The foregoing instrument was acknowledged before me this a- day of May, 2015, by
Heather McGill, as Senior Vice President/Chief Financial Officer of Points of Colorado, Inc., a
Colorado corporation.
Witness my hand and official seal.
My commission expires:t.�
JENNI�oltEiorlds
Notary Pubilc -
._ .. Commisston 0 FF 9,11 2
Comm. Expires Dec 17.2ot9
My bNitionatNolazY
y,,gj,,;t,�'��, Hondedthroug rte,
Replacement Exhibit A to Declaration
Legal Description of Property
Lots 1, 2A, 2B, 2C, 3, and '5, Mountain Vista Resort Subdivision, 'a resubdivision of Lot C, a
Final Plat and Resnbdivision of Lots B and C, Avon Center at Beaver Creek, Benchmark at
Beaver Creek, Amendment No. 4, according to the Plat for Mountain Vista Subdivision,
recorded April 18, 2001, at Reception No. 754852, as such plat has been or may be
supplemented or amended from time to time, including without limitation, by the Second
Amended Final Plat, a Replat of Lots 4, 2C, and 5, recorded 6EI� at Reception No.
County of Eagle, State of Colorado.
Eagle County, CO 201607623
Teak J Simonton 05/20/2016
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RECORDING REQUESTED.BY AND
WHEN RECORDED PLEASE RETURN TO:
Town of Avon
P.O. Box 975
Avon, CO 81620
Attn: Debbie Hoppe, Town' Clerk
SPECIAL WARRANTY DEED
Points of Colorado, Inc., a Colorado corporation ( "Grantor "), whose regular mail (United States
Postal Service) address is c/o Vistana Signature Experiences, Inc., 9002 San Marco Court, Orlando,
Florida 32819, for the consideration of Ten and 00 /100 Dollars ($10.00) and other good and valuable
consideration, in hand paid, Hereby sells and conveys to the Town of Avon, a home rule municipality of
the State of Colorado ( "Grantee "), whose street address is One Lake Street, P.O. Box 975, Avon,
Colorado 81620, County of Eagle, State of Colorado, the real property that is described as follows:,
Lot 4, Mountain Vista Resort Subdivision, Town of Avon,.Colorado, according to the .
Replat of Lots 2C, 4 and 5, Mountain Vista Resort Subdivision, Town of Avon,
Colors o, a proved by the Town of Avon on recorded on
at Reception No.,, e 4224 ,?t loo ted on West Benchmark
Road, Avon, Colorado.
TO HAVE AND TO HOLD the said premises above bargained and described with the
appurtenances, including but not limited to the Skier Bronze Statue, unto Grantee, and Grantee's heirs,
successors and assigns forever. Grantor, for.itself and its heirs, successors and-assigns, does covenant and
agree that Grantor shall and will WARRANT AND FOREVER DEFEND the above bargained premises
in the quiet and peaceable possession of Grantee, and Grantee's heirs, successors and assigns, against all
and every person or persons claiming the whole or any part thereof, by, through or under Grantor, subject
to (a) real property taxes and assessments for 2016 and subsequent years, a lien not yet due and payable,
and (b) the matters set forth on Exhibit A attached hereto and made a part hereof.
STATE OF FLORIDA)
) ss:
COUNTY OF ORANGE)
Points of Colorado, Inc., a Colorado corporation
h
By:
0 HeatherMcGill, its'Senior Vice President/Chief
Financial Officer
The foregoing instrument was acknowledged before me on May I I , 2016, by Heather McGill
as Senior Vice President/Chief Financial Officer of Points of Colorado, Inc., a Colorado corporation.
Witness my hand and offi ial sea
My commission expires: � � �A o
;,,, , ":JENNIFER k UZOTTE
y s . Notary Public `• State of Florida
• Commission # FF 444165
'=� e,�� My Comm. Expires Dec 11, 2019
°iw'' ,, BondId through Natlnnil Notary Assn.
DMWEST #14350154 v4
Pu
A Tine CO { y
9 J
EXHIBIT A
. i.
Exceptions
Right of the Proprietor of a Vein or Lode to extract and remove his ore therefrom, should the same be
found to penetrate or intersect the premises hereby granted, as reserved in United States Patent
recorded May 4, 1905, in Book 48 at Page 272.
Restrictions, which do not contain a forfeiture or reverter clause, as contained in instrument recorded
April 29, 1985, in Book 411 at Page, 960 and February,7; 1990, in Book 522 at Page 721.
Restrictions, which do not contain a forfeiture or reverter clause, as contained in the Deed from
Benchmark at Beaver Creek, a limited partnership to Tandora S.A. and Iancura S.A., recorded June
29, 1979, in Book 287'at Page 548.'.
Memorandum of Agreement by Vail Associates Investment, Inc.; James S. Mandel, Larry D. Doll, Ann Kingsley;
Richard D. MacCutcheon and Eade Hopkins recorded March 16"2000, at Reception No. 724918 and Memorandum
of Assignment recorded May 1, 2006, at Reception-No., 728546. `
Town of Avon Ordinance No. 02, Series of 2000 Conditionally Approving a PUD Development Plan
(Including Development,Standards) recorded May 30, 2000, at Reception No. 730844, and the PUD
Development Plan referred to therein as Exhibit "A ", filed May M,'2000 at Reception No. 730845.
Service Plan for Mountain Vista Metropolitan District recorded May,30, 2000, at Reception No. 730923, Order and
Decree organizing the Mountain Vista Metropolitan District recorded M, ay.30; 2000, at Reception No. 730924, and
Map of District Boundaries recorded December 18, 2009 at Reception No. 200927086,'a ild Mountain Vista
Metropolitan District Public Disclosure Statement recorded December 29, 2014 at Reception No. 201422125.
Those terms agreement, provisions, conditions and obligations which are a burden to subject property
as contained in Agreement Governing Design, Construction, and Management of Storm Water
Detention and Pollution Control Facilities by the.Town of Avon, ,a Colorado home rule municipality,
and Points of Colorado, Inc., a Colorado,corporation recorded June 7, 2000, at Reception No.
731541.
Agreement Regarding Revocable Permit for Construction Access by Points of Colorado, Inc, and Avon Commercial
Center LTD. recorded November 16, 2000, at Reception No. 744154.
:.,
Reciprocal Access Easement Agreement: made; by and between Points of Colorado, Inc. and Avon Commercial
Center, Ltd. recorded November 16, 2000,'at Reception No. 744155.
Development Agreement by Vail Associates Investments, Inc., Avon Commercial Center Ltd.,
Shapiro Development Co. and the Town of Avon recorded February 5,'200 1, at Reception No.
749431 and Amendment recorded February 5, 2001, at Reception No. 749432.
Storm Sewer and Drainage Easement Agreement by Points of Colorado, Inc. and Avon Commercial Center Ltd.
recorded February.5; 2001, at Reception No: 749435.
Trench, Conduit and Vault Agreement between Points of Colorado, Inca and Holy Cross Energy dated
March 28, 2001, and recorde&April 10, 2001; at Reception No. 754127.
Holy Cross Energy Underground Right of-Way Easement recorded Awn .st`l, 2003, at Reception No. 842641.
Trench, Conduit and Vault Agreement made by and between Points of Col ado, RV11V WdiMcorporation'and
Holy Cross Energy, a Colorado corporation, recorded September 17,200i %11 Pqo�,�$
":.�; ^ zt`. y+ y+,ll +se�i'R�4r�,;r�;n1:•st�+c5 - "��' „', °.
DWIEST #14350154 A Exhibit A -1.
201607623
Easements, rights of way and other matters as shown on a t e SSpond Final Plat, a Replat of Lots 4,2C
and 5, Mountain Vista Resort Subdivision, recorded at Reception No. .2Ola07,G�f
Lot 4 Easement Agreement made by and among Points of Colorado, Inc., a Colorado corporation, Mountain Vista
Resort Subdivision Master Association, Inc., aajCGolorado nonprofit corporation, and the Town of Avon, a Colorado
home rule municipality, recorded -�'T at Reception No. ,�%A4: 071
The covenant of a Right of First Refusal granted by the Town of Avon, a Colorado home rule municipality, in favor
of Points of Colorado, Inc., a Colorado corporation in that certain Purchase and Sale Agreement entered into by
Points of Colorado, Inc. as seller and the Town of Avon, as buyer on March 3, 2016, attached to Town of Avon
Ordinance No. 16 -06, which Right of First Refusal will expire no later than three years following the recording of
this Special Warranty Deed.
201607623 DMWEST #14350154 v4 Exhibit A -2
Eagle County, CO „ '201607524
Teak J Simonton 05/20/2016
Pgs: 12 01:34:36 PM
REC: $66.00 DOC: $0.00
WHEN RECORDED MAIL TO: I 11) (01 po
Christopher Payne, Esq.
Ballard Spahr LLP
1225 17th Street, Suite 2300
Denver, Colorado 80202
LOT 4 EASEMENT AGREEMENT
This Lot 4 Easement Agreement (the "Agreement ") is made and entered to as of May 20, 2016,
to be effective as of the date of recording, by and among Points of Colorado, Inc., a Colorado corporation
("POC "), Mountain Vista Resort Subdivision Master Association, Inc., a Colorado nonprofit corporation
(the "Association "), and the Town of Avon, a Colorado home rule municipality ( "Lot 4 Owner ").
RECITALS:
A. POC is the declarant under, that certain Master Declaration -for Mountain Vista Resort
Subdivision dated as of April 18, 2001, and recorded in the real property records for Eagle County,
Colorado (the "Records ") on April .18, 2001, at Reception No. 754853 (as amended or supplemented
from time to time, the "Master Declaration ").
B. The Master Declaration governs certain rights and interests of the owners in and to' the
real property Iegally described in the plat for the Mountain Vista Resort Subdivision, recorded in the
Records on April 18, 2001 at Reception No. 754852, as such plat has been or may be supplemented or
amended from time to time (the "Plat "), including without limitation, by the Second Amended Final Plat,
a Replat of Lots 4, 2C and 5, recorded on at Reception No7o66;7;V?! (the "Lot
415 Replat "). The Master Declaration incorporates the Plat, which, among other things, delineates each
"Master Unit" or "Lot." The Master Declaration further defines the "Property" and "Master Common
Elements" governed by the Master Declaration. All references herein to the "Lots" shall mean the
subdivision lots established by the Plat, as such Plat has been or may be supplemented or amended from
time to time, including without limitation, by the Lot 415 Replat.
C. The Master Declaration also defines the "Parking Facility" as the parking garage
improvements that are or will be constructed within Lot 5 of Mountain Vista Resort Subdivision. POC
may, but will not be required to; construct, install, maintain, operate, repair, inspect, protect, remove, and
replace additional improvements to the Parking Facility that encroach upon Lot 4 (the "Parking Facility
Work").
D. POC was the prior owner of Lot 4 and is the current owner of Lots 5 and 2C, in addition
to other Lots and Master Units. The Association is the entity responsible for the administration of the
Master Common Elements subject to the Master Declaration. Lot 4 Owner is the current owner of Lot 4.
E. , Prior to the recordation of this Agreement, POC withdrew Lot 4 from the Property
governed by the covenants, easements, and other provisions of the Master Declaration. The Property, as
amended, is further described on Exhibit A attached hereto and incorporated herein and the Property
includes that certain area referred to as the "Undeveloped Area," as further described on ExhibitB
attached hereto and incorporated herein. In connection with such withdrawal and the transfer. of Lot 4
from POC to the Lot 4 Owner, the Lot 4 Owner has agreed to grant, along, over, beneath and across Lot
4, easements for pedestrian and emergency access, fire lane, utility and storm drainage easements,
subterranean support and subsistence, shared open space, and such other matters as further described
herein.
F. POC, the Association and Lot 4 Owner desire to establish and grant certain easements
and to enter into certain agreements, on the terms and conditions set forth in this Agreement.
NOW, THEREFORE, in consideration of the Recitals and for other good and valuable
consideration, the receipt and sufficiency. of which is hereby acknowledged, the parties agree as follows
AGREEMENT:
1. GRANT OF EASEMENTS FOR BENEFIT OF PROPERTY. Lot 4 Owner hereby
grants to POC and the Association the following easements for the benefit of the Property:
(a) a non - exclusive easement and right to enter upon, across, over, and in any portion
of the Undeveloped Area for the purpose of pedestrian or emergency access to and from the Property in a
manner that does not unreasonably conflict with or restrict the Lot 4 Owner's use of the Undeveloped
Area;
(b) a non - exclusive easement upon, across, over, in and under the Undeveloped Area
for ingress and egress and for installation, replacement, repair and maintenance of all utilities, including
but not limited to water, sewer, gas, telephone, electricity and television or other cable communication
system. By virtue of this easement, it shall be expressly permissible and proper for the companies
providing such utilities to erect and maintain the necessary equipment on Lot 4 and to affix and maintain
pipes, wires, circuits and conduits under Lot 4. Any utility company using this general easement shall use
its best. efforts to install and maintain the utilities or services provided without disturbing the uses of the
Lot 4 Owner, the Association, and POC; shall complete its installation and maintenance activities as
promptly as reasonably possible; and shall restore any disturbed property to its original condition as soon
as possible after completion of its work. Should any utility company furnishing a utility or service
covered by this easement request a specific easement by separate recordable document, the Lot 4 Owner
shall promptly grant, execute, acknowledge and deliver to the requesting utility company such specific
easement;
(c) a non - exclusive easement to all police, sheriff, fire protection, ambulance, and all
other similar emergency agencies or persons to enter upon all streets, driveways, fire lanes, and generally
upon Undeveloped Area in the proper performance of their duties;
(d) a non - exclusive easement to enter upon, across, over, in and under any
Undeveloped. Area for the purpose of changing, correcting, or otherwise modifying the grade or drainage
channels of Lot 4 so as to improve the drainage of water on or across the Property in a manner that does
not unreasonably conflict with or restrict the Lot 4 Owner's use of the Undeveloped Area, including
without limitation such easements and access as may be reasonably required to comply with that certain
Agreement Governing Design, Construction, and Management of Storm Water Detention and Pollution
Control Facilities, recorded in the Records on June 7, 2000 at Reception No. 731541, and to comply with
the "Facilities Obligations" defined therein; and
(e) for so long as POC holds an interest in any Lot, such easements, licenses or use
rights as POC may request, from time to time, to maintain POC's current and future development rights
under the PUD zoning, development standards, and PUD Development PIan applicable to the Property,
recorded in the Records on May 30, 2000 at Reception Nos. 730844 and 730845 (as may be amended or
supplemented from time to time) in accordance the requirements of the Town of Avon (including any
requirements of governmental agency incorporated into the Town requirements) in a manner that does not
unreasonably conflict with or restrict the Lot 4 Owner's use of the Undeveloped Area. Such easements
DMWEST #11568712 v6 2
201607624-
shall specifically include, but not be limited to, any public rights -of -way, fire lanes, and shared open
space.
2. GRANT OF EASEMENTS IN CONNECTION WITH THE PARKING FACILITY.
(a) Subject to and on the terms and conditions set forth in Section 3 below, Lot 4
Owner hereby, grants to POC and the Association: (i) the non - exclusive easement for encroachment and
right to attach to and use the existing sub- adjacent foundation improvements located on Lot 4 as a
common wall and for the support of the Parking Facility as may be hereafter constructed on Lot 4; (ii) a
non - exclusive easement in, on, under, over and across such Undeveloped Area as are reasonably
necessary to construct, install, maintain, operate, repair, inspect, protect, remove and replace the Parking
Facility; (iii) a non - exclusive right of ingress and egress to enter upon the Undeveloped Area with such
equipment as is reasonably necessary to perform the Parking Facility Work; (iv) a non- exclusive
easement for sub - adjacent and lateral support in, on, upon and under such portions of Lot 4 as are
necessary for the support of any Parking Facility now or hereafter constructed on Lot 5 and Lot 4; and (v)
a non - exclusive right upon, across, over, in and under Undeveloped Area for ingress and egress and for
installation, replacement, repair and maintenance of Parking Facility elevator shafts and stairwells.
(b) Subject to and on the terms and conditions set forth in Section 3 below, POC and
the Association hereby grants to the Lot 4 Owner a non - exclusive easement for sub - adjacent and lateral
support in, on, upon and under such portions of the Parking Facility as are necessary for the support of
any improvements now or hereafter constructed on Lot 4.
PARKING FACILITY WORK.
(a) Any Parking Facilities Work shall be performed by or on behalf of POC at no
cost or expense to Lot 4 Owner, in a workmanlike manner, and in accordance with all applicable laws;
rules, regulations, ordinances and building codes, as well as the restrictions herein, pursuant to good,
generally prevailing construction management practices and procedures that, to the extent reasonably
feasible, will avoid or reasonably minimize any undue resulting disturbances or interferences with the use
and enjoyment of the affected portions of Lot 4. POC shall coordinate with the Lot 4 Owner with respect
to the timing'and phasing of such work so as to coordinate it to the extent reasonable and appropriate with
the operation of Lot 4. If any Parking Facilities Work is expected to result in the closure of any portion of
the access to or from Lot 4, POC shall secure the written approval of the Lot 4 Owner prior to the
commencement of any such Parking Facilities Work, which approval will not be unreasonably withheld,
conditioned or delayed; provided, however, if the Parking Facilities Work is required to correct a
condition that may result in injury to persons or damage to property, POC shall only be required to give
such notice as may be reasonable under the circumstances and no written approval shall be required.
(b) POC shall pay or cause the payment of all sums owing for or in connection with
any Parking Facilities Work undertaken by, through or under it in a prompt and timely fashion, so that no
claim for mechanics' liens or any other payment claims shall be asserted against Lot 4. If a mechanic's
Iien is recorded against Lot 4 as a result of the Parking Facilities Work, POC shall have the right to
contest such lien claim provided that it shall promptly obtain the release of the affected Lot 4 property
interests from such lien claim, whether by discharge or bonding.
(c) POC shall require that any contractors and /or engineers engaged to perform the
Parking Facilities Work on Lot 4 carry and maintain at all time during the performance of such work,
general `commercial pliability insurance, professional liability insurance, if applicable, workers
compensation insurance and 'such other types of insurance coverages, in such amounts as are customarily
maintained by prudent contractors and engineers performing similar work, which shall name Lot 4 Owner
OMWEST 411568712 v6
:201607624
as an additional insured; shall not be subject to cancellation or material modification except on not less
than thirty (30) days' prior written notice, and shall be written by solvent and responsible insurance
companies licensed to do business in the State of Colorado.
(d) In the event of damage to any improvements on Lot 4 caused by POC or its
contractors, POC shall, at no cost or expense to Lot 4 Owner, promptly repair such damage to a condition
substantially the same or better than the condition that existed prior to such damage.
4. INDEMNITY. POC shall indemnify Lot 4 Owner and its agents, officers, directors;
servants and employees, of and from any and all liability, claims, liens, demands, actions and causes of
action whatsoever arising out of or related to any loss, cost, damage or injury, including death of any
person or damage to property of any kind, resulting from: (i) any Parking Facility Work performed by,
through or under POC; or (ii) the use, exercise or enjoyment by POC of any easement, license or use right
granted by the Lot 4 Owner herein. Lot 4 Owner shall indemnify POC and the Association and their
respective_ agents, officers, directors, servants and employees, of and from any and all liability, claims,
liens, demands, actions and causes of action whatsoever arising out of or related to any loss, cost, damage
or injury, including death of any person or damage to property of any kind, resulting from any use;
exercise or enjoyment by the Lot 4 Owner of any easement granted by POC. herein. This indemnity will
also apply to and include costs and expenses, including reasonable legal fees, incurred by the indemnified
parties in connection with any indemnified matter. In no event, however, will the foregoing indemnities
apply to (a) any loss to the extent of any insurance proceeds available under any insurance policy carried
by an indemnified party, (b) the extent of the negligence, willful misconduct or breach of this Agreement
by any indemnified party; but the foregoing indemnities shall be applied in accordance with generally
prevailing laws governing contributory negligence and governmental immunity.
5. NON - EXCLUSIVE. Except as otherwise expressly provided* to the contrary in this
Agreement, Lot 4 Owner reserves the right to use all portions of Lot 4, including for the installation,
maintenance, repair, inspection, protection, removal, replacement and operation of any portions of the
improvements on Lot 4, the Association reserves the right to administer all portions of the Master
Common Elements of the Property, and POC reserves all its rights. as declarant under the Master
Declaration and as owner of Lots 5 and 2C, including for the installation, maintenance, repair, inspection,
protection, removal, replacement and operation of any portions of the improvements thereon.
6. SUCCESSORS AND ASSIGNS, TO RUN WITH THE LAND. The
provisions of this Agreement shall run with the land and shall be binding upon and inure to the benefit of
the successors and assigns of the parties, including without limitation all parties having or acquiring any
right, title or interest in Lot 4 or the Property.
7. REPRESENTATIVES. The Association and its management company shall be the only
representatives entitled to act on behalf of the owners and any other occupants of the Property (other than
POC), and any actions taken by the Association or its management company shall be absolutely binding
on them (but not on POC). Except to the extent POC assigns any of its rights, obligations or interests in
this Agreement to the Association, for as long as POC retains an ownership interest in any Lot or Master
Unit within the Property, it shall continue to represent its interests with respect to this Agreement. Lot 4
Owner and its agents shall be the only representatives entitled to act on behalf of the owner of Lot 4. Lot
4 Owner acknowledges and agrees that the Association may delegate to its management company, the
right to exercise the rights and perform the obligations of the Association under this Agreement, and POC
and the Association acknowledge and agree that the Lot 4 Owner may delegate to its agents, the right to
exercise the rights and perform the obligations of the Lot 4 Owner under this Agreement.
DMWEST #11568712 v6
201607624
8. TERMINATION. This Agreement may not be terminated except by a written
termination executed by each of the parties and recorded in the Records.
9. ARBITRATION %DISPUTE RESOLUTION /ATTORNEYS' FEES. Any controversy,
claim or dispute arising out of or relating to this Agreement shall be resolved through binding arbitration
conducted in accordance with the rules of the Judicial Arbiter Group in the State of Colorado or such
other rules as the parties may mutually agree in writing. Any award rendered in such arbitration may be
entered and will be enforceable in any court in the State of Colorado or in any court having jurisdiction
over the party against whom judgment is sought to be enforced. In no event shall any remedies of a party
include the right of such party to terminate this Agreement as a result of the alleged or actual breach of
this Agreement by the other party. In connection with any arbitration or court proceeding, the prevailing
party shall be entitled to recover reasonable attorneys' and paralegal fees and costs, including arbitration
costs and fees. Neither party shall under any circumstances be responsible for indirect, consequential or
punitive damages.
10. NOTICES. Any communication, notice or demand of any kind whatsoever which a party
may be required or may desire to give to or serve upon any other party shall be in writing and delivered
by personal service (including express or courier service), by a reputable national or international
overnight courier such as Federal Express, or by registered or certified mail, postage prepaid, return
receipt requested, in any case addressed as follows:
If to POC: Points of Colorado, Inc.
c/o Vistana Signature Experiences, Inc.
9002 San Marco Court
Orlando, Florida 32819
Attn:. Legal Department
If to the Lot 4 Owner: Town of Avon
One Lake Street
P.O. Box 975
Avon, Colorado 81620
Attention: Town Manager
If to the Association: Mountain Vista Resort Subdivision Master Association, Inc.
160 West Beaver Creek Boulevard
Avon, Colorado 81620
Attention: President
With a copy to: Vistana Signature Experiences, Inc.
9002 San Marco Court
Orlando, Florida 32819
Attention: Legal Department
Any party may change its address for notice by written notice given to the other in the manner provided in
this Section and recorded in the Records. Any such communication, notice or demand shall be deemed to
have been duly given or served on the date personally served, if by personal service, one (1) day after the
date of dispatch, if by overnight courier, or three (3) business days (a day other than a Saturday, a Sunday
or a legal holiday in of the U. S. Federal government, or of the States of Colorado or Florida) after being
placed in the U.S. Mail, if mailed.
DMWEST #11568712 v6
201607624
11. RIGHT TO ASSIGN. POC may assign this Agreement and/or its rights and obligations.
if any, hereunder in whole or in part, to the Association as a Master Common Element, in which event
POC shall be released from and have no obligations of any kind arising out of or in connection with this
Agreement with respect to the rights and obligations so assigned. Lot 4 Owner may assign its rights and
obligations in whole or in part to such persons or entities who acquire all of Lot 4 or the areas of Lot 4
affected by the easements granted hereunder, in which event Lot 4 Owner shall be released from and have
no obligations of any kind arising out of or in connection with this Agreement with respect to the rights
and obligations so assigned. Any such assignment by a party shall become effective upon recordation of
an assignment and assumption agreement in the Records.
12, OTHER EASEMENTS. The rights of the parties are subject to any and all easements
now in existence recorded in the Records with respect to Lot 4 or the Property.
13. FURTHER ASSURANCES. Each party shall execute such documents and take such
further actions as may be reasonably requested by the other to carry out the intents and purposes of this
Agreement.
14. MISCELLANEOUS.
(a) Counterparts. This Agreement may be executed in several counterparts, and each
counterpart shall constitute one. agreement#iinding on all of the parties, notwithstanding that all of the
parties are not signatory to the original or to the same counterpart.
(b) Entire Agreement. This Agreement (including the exhibits referred to herein, all
of which are hereby incorporated into this Agreement), contains the entire agreement of the parties with
respect to the subject matter hereof and no prior written or oral agreements shall have any force or effect
or be binding upon the parties; provided, however, the easements granted hereunder are in addition to and.
not in lieu of any easements set forth in the Plat, all of which easements remain in full force and effect.
(c) Modification and Changes. This Agreement may only be changed or modified
by an agreement in writing signed by each of the parties, or their respective successors or assigns.
(d) Binding Effect, The terms and provisions of this Agreement shall be binding
upon and shall inure to the benefit of the parties and their respective successors and assigns.
(e) Headings. Captions contained in this Agreement are inserted only as a matter of
convenience and for reference. Such captions in no way define, limit, extend or describe the scope of this
Agreement or the intent of any provision hereof.
(f) Partial Invalidity In the event that any one or more of the phrases, sentences,
clauses or Sections contained in this Agreement shall be declared invalid or unenforceable by order,
decree or judgment of any court having jurisdiction, or shall be or become invalid or unenforceable by
virtue of any applicable law, the remainder of this Agreement shall be construed as if such phrases,
sentences, clauses or Sections had not been inserted except when such construction (i) would operate as
an undue hardship on a party or (ii) would constitute a substantial deviation from the general intent and
purposes of the parties as reflected in this Agreement. In the event of either (i) or (ii) above, the parties
shall use their best efforts to negotiate a mutually satisfactory amendment to this Agreement to
circumvent such adverse construction.
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201607624
(g) Governing Law. The terms and provisions of this Agreement shall be construed,
interpreted and applied in accordance with the laws of the State of Colorado, without regard to any choice
of laws principles.
(h) No Waiver. The failure to enforce any provision of this Agreement shall not
constitute a waiver thereof or of the right to enforce such provision thereafter.
(i) Construction. Whenever the singular number is used in this Agreement and,
when required by the context, the same shall include the plural and the masculine gender shall include the
feminine and neuter genders, and vice versa.
0) No Merger. The easements created hereunder shall not merge with any fee
interest owned by any party hereto, either presently or in the future, but shall remain separate and distinct
property rights, unless and until relinquished in accordance with law and written evidence of such release
is executed by the parties hereto, or their respective successors and assigns, and recorded in the Records.
(k) No Public Dedication. Nothing herein shall be deemed to be a gift or dedication
of all or any portion of Lot 4 or the Property for the general public, of for any public use or purpose
whatsoever.
(1) No Waiver of Governmental Immunity. Nothing in this Agreement shall be
construed to waive, limit, or otherwise modify any governmental immunity that may be available by law
to the Town, its officials, employees, contractors, or agents, or any other person acting on behalf of the
Town and, in particular, governmental immunity afforded or available pursuant to the Colorado
Governmental Immunity Act, Title 24, Article 10, Part 1 of the Colorado Revised Statutes.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
DMWEST #11568712 v6 7
201607624
WHEREFORE, the parties have executed this Lot 4 Easement Agreement to be effective as of the
date first written above.
POINTS OF COLORADO, INC., a Colorado
corporation
d-ki
Heather McGill, its Senior Vice President/Chief
Financial Officer
STATE OF FLORIDA )
) SS.
COUNTY OF ORANGE )
p --)Vi-
The foregoing Lot 4 Easement Agreement was acknowledged before me this t I day of
May, 2016, by Heather McGill, as Senior Vice President/Chief Financial Officer of POINTS OF
COLORADO, INC., a Colorado corporation, on behalf of the corporation. He is personally known to me.
(NOTARY SEAL)
JENNIFER AD944755
Notary Public . a
? Commission My Comm. Expir119 Bonded through Nzsn.
DMWEST #11568712 v6
201607624
tary ign turb
�
Y1
(Notary Name Printed)
NOTARY PUBLIC
MOUNTAIN VISTA RESORT
MASTER ASSOCIATION, INC.,
no
LM
STATE OF FLORIDA )
) SS.
COUNTY OF ORANGE )
SUBDIVISION
a Colorado
The foregoing Lot 4 Easement Agreement was acknowledged before me this /-I" day of May,
2016, by Johnathan Ho, as Vice President of MOUNTAIN VISTA RESORT SUBDIVISION MASTER
ASSOCIATION, INC., a Colorado nonprofit corporati000n behalf of the corporation. He is personally
known to me.
(Notary Signature] "
(NOTARY SEAL)
#IoWv r i44':.. f#i o1 Pond:
tilt' Comm, �xpUta $ep��;`•2017.
11 IN P
C M AtitzslOe W €.01'051 t
�%'�S° �n�,�r' .6ondtd•.Throtigfi Nriiodtl Notuy Assn.
DMWEST #11568712 v6
201607624'
(Notary Name Printed)
NOTARY PUBLIC
TOWN OF AVON,
a Colorado home rule,municipality
By: ANA
A,K0,.WdL.F Ivtr4YvlL ?i:d Z"EM
By: ---
Virginia C. Yger, Town Manaj4r
Attest: DJii
By: Debbie Hoppe, To `lerk
Approved as to Form:
�La r2
State of )
County of aU \o )
The foregoing instrument was acknowledged, subscribe sworn before me this _ day of
My Commission Expires:
DMWEST #11568712 v6
i,201.607624
MURSTON BURKE LARSON
NOTARY PUBLIC -
STATE OF COLORADO
NOTARY JD 20144010517
MY COMMISSION EXPIRES 03/08/2018
l., aL
EXHIBIT "A"
TO
LOT 4 EASEMENT AGREEMENT
Legal Description of Property Subiect to Master Declaration
Lots 1, 2A, 213, 2C, 3, and 5, Mountain Vista Resort Subdivision, a resubdivision of Lot C, a Final Plat
-and Resubdivision of Lots B and C, Avon Center at Beaver Creek, Benchmark at Beaver Creek,
Amendment No. 4, according to the Plat for Mountain Vista Subdivision, recorded April 18, 2001, at
Reception No. 754852, as such plat has been or may be supplemented or amended from time to time,
including without limitation, by the Second Amended Final Plat, a Replat of Lots 4, 2C, and 5, recorded
1p,Q!R!!K_ at Reception No.�20 /GD7��,2 1.
Cou ty of Eagle, State of Colorado.
Exhibit A
i
EXHIBIT `B"
TO
LOT 4 EASEMENT AGREEMENT
Description of Lot 4 Undeveloped Area
As shown on Sheet 3 of the Second Amended Final Replat of Lots 4, 2C, and S, recorded 6'
at Reception N' .., lob 74,21, County of Eagle, State of Colorado.
Exhibit B
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