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25.04.17 MA Seasons at Avon Mural License Agreement THE SEASONS AT AVON MURAL LICENSE AGREEMENT Page 1 of 5 THE SEASONS AT AVON MURAL LICENSE AGREEMENT This Seasons at Avon Mural License Agreement (“Agreement”), is entered into by and between the Town of Avon, a Colorado home rule municipality (“Licensee”), and The Seasons at Avon Commercial Condominium Association, a Colorado nonprofit corporation (“Agent”), on April 18, 2025. RECITALS Agent is the authorized agent of GAC Avon LP, LLC, the owner of a building located at 137 W. Benchmark Road, Avon, Colorado 81620, also known as “The Seasons at Avon Building” (“Property”). Licensee desires to install an artistic mural or murals (“Mural”) on the West facing exterior stucco wall of the Property (“West Wall”) as an aesthetic enhancement for the Property and a significant landmark that will visually connect the cultural hubs of the community at the intersection of the Town of Avon’s Library, Recreation Center, and Civic Center. The location of the West Wall where the Mural will be located is described in Exhibit A. Agent desires to grant permission to Licensee to install and maintain the Mural in the location described in Exhibit A in accordance with the terms of this Agreement. NOW THEREFORE, IN CONSIDERATION OF MUTUAL PROMISES, the receipt and sufficiency of which are acknowledged by Licensee and Agent, the parties agree as follows: 1. Agent hereby grants a non-revocable license to Licensee to install, maintain, repair and replace the Mural on the surface of the West Wall as more particularly described in Exhibit A. This license shall commence on June 1, 2025 (“Commencement Date”) and shall continue until December 31, 2033 (“Initial License Term”); provided, however, either party may terminate the Initial License Term early by providing the other party with one hundred eighty (180) days prior written notice. Should the Agent terminate the Initial License Term early in accordance with the preceding sentence, Agent shall pay Licensee all of its expenses that were incurred during the term of this Agreement in connection with the Mural and that will be incurred by the Licensee in connection with Licensee’s removal of the Mural and restoration of the West Wall pursuant to Section 6 of this Agreement. Following the Initial License Term, this Agreement will automatically renew and the license granted hereunder shall be extended for successive calendar year terms; provided, however, either party may terminate such extended term by providing the other party sixty (60) days prior written notice. 2. Prior to installment of the Mural, Licensee shall provide Agent with all artwork and copy work for approval by Agent and GAC Avon LP, LLC, which approvals shall not be unreasonably withheld. The Mural shall not contain material that is misleading, indecent, sexually explicit, libelous, unlawful or that infringes on the rights of third parties. THE SEASONS AT AVON MURAL LICENSE AGREEMENT Page 2 of 5 3. The installment of the Mural shall be complete within six (6) months following the Commencement Date or at such other time as the parties may mutually agree. 4. Licensee agrees that it will not aid in the institution or prosecution of any claim, demand, or compensation for or on account of any damages, loss, or injury either to person or property, or both, known or unknown, past, present or future, arising from the installation, maintenance, or repair of the Mural. 5. Licensee agrees that Agent is not liable, and will not assume any liability, responsibility, or costs for any damage, maintenance, or repair of the Mural improvements installed or maintained by Licensee under this Agreement. Licensee shall maintain and repair the Mural in a commercially reasonable manner, appropriate and consistent with the Property. 6. Upon the expiration of the term of this Agreement, and then only if requested by the Agent in writing, Licensee shall remove the Mural and restore the West Wall to substantially the same condition it was in prior to the installation of the Mural normal wear and tear excepted. If such request is made by the Agent, Licensee shall have a period of six (6) months following expiration or the earlier termination of the Agreement’s term to complete such work. 7. Licensee agrees to procure and maintain, at its own cost, a policy or policies of comprehensive general liability insurance protecting against injury, damage or loss occurring on the licensed premises in the minimum amount of One Million Dollars ($1,000,000.00). The policy shall include coverage for bodily injury, broad form property damage (included completed operations), personal injury (including coverage for contractual and employee acts), blanket contractual, independent contractors, and products and completed operations. Such insurance shall be endorsed to name Agent as Certificate Holder and name Agent, and its officers and employees, as well as GAC Avon LP, LLC as additional insured parties. 8. Each individual executing this Agreement on behalf of the Licensee and Agent represents and warrants that he or she is duly authorized to execute and deliver this Agreement on behalf of the Licensee or Agent, respectively, and that this Agreement is binding upon the parties. 9. No term or condition of this Agreement shall be construed or interpreted as a waiver, express or implied, of any of the immunities, rights, benefits, protections, or other provisions of the Colorado Governmental Immunity Act, C.R.S. §§ 24-10-101, et seq. 10. The parties understand and acknowledge that the Town of Avon is subject to Article X, § 20 of the Colorado Constitution (“TABOR”). The parties do not intend to violate the terms and requirements of TABOR by the execution of this Agreement. It is understood and agreed that this Agreement does not create a multi-fiscal year direct or indirect debt or obligation within the meaning of TABOR and, therefore, notwithstanding anything in this Agreement to the contrary, all payment obligations of THE SEASONS AT AVON MURAL LICENSE AGREEMENT Page 3 of 5 the Town of Avon are expressly dependent and conditioned upon the continued availability of funds beyond the term of the Town of Avon’s current fiscal period ending upon the next succeeding December 31. Financial obligations of the Town of Avon payable after the current fiscal year are contingent upon funds for that purpose being appropriated, budgeted, and otherwise made available in accordance with the rules, regulations and resolutions of the Town of Avon and other applicable law. Upon the failure to appropriate such funds, this Agreement shall be terminated. SIGNATURE PAGE FOLLOWS THE SEASONS AT AVON MURAL LICENSE AGREEMENT Page 4 of 5 EXECUTED ON APRIL 18, 2025. AGENT: The Seasons at Avon Commercial Condominium Association, a Colorado nonprofit corporation By: Print Name: Title: LICENSEE: Town of Avon, a Colorado home rule municipality By: Print Name: Title: Joseph Tarbet President Danita Dempsey (Apr 18, 2025 12:07 MDT) Danita Dempsey Danita Dempsey Chief Cultural Officer THE SEASONS AT AVON MURAL LICENSE AGREEMENT Page 5 of 5 EXHIBIT A The design may also extend onto the concrete wall below the above stucco wall, which concrete wall is generally depicted below Seasons at Avon Mural License Agreement (FINAL 4-17-2025) Final Audit Report 2025-04-18 Created:2025-04-18 By:Danita Dempsey (ddempsey@avon.org) Status:Signed Transaction ID:CBJCHBCAABAAYJrPfnnR1Ytjljb6mQzC8SpXe_Irlqcr "Seasons at Avon Mural License Agreement (FINAL 4-17-2025)" History Document created by Danita Dempsey (ddempsey@avon.org) 2025-04-18 - 2:24:14 PM GMT Document emailed to Joseph Tarbet (scott@gibsonavecapital.com) for signature 2025-04-18 - 2:26:11 PM GMT Email viewed by Joseph Tarbet (scott@gibsonavecapital.com) 2025-04-18 - 5:13:48 PM GMT Document e-signed by Joseph Tarbet (scott@gibsonavecapital.com) Signature Date: 2025-04-18 - 5:14:17 PM GMT - Time Source: server Document emailed to Danita Dempsey (ddempsey@avon.org) for signature 2025-04-18 - 5:14:19 PM GMT Document e-signed by Danita Dempsey (ddempsey@avon.org) Signature Date: 2025-04-18 - 6:07:01 PM GMT - Time Source: server Agreement completed. 2025-04-18 - 6:07:01 PM GMT