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TC Res. No. 2005-38 APPROVING AND ACCEPTING PUBLIC IMPROVEMENTS HAVINGTOWN OF AVON RESOLUTION NO. 05-38 Series of 2005 A RESOLUTION APPROVING AND ACCEPTING PUBLIC IMPROVEMENTS HAVING SUCCESSFULLY COMPLETED THE ONE YEAR WARRANTY PERIOD FOR SAID IMPROVEMENTS INSTALLED AND CONSTRUCTED IN ACCORDANCE WITH SUBDIVISION IMPROVEMENTS AGREEMENT FOR THE VILLAGE (AT AVON) FILING 2 WHEREAS, the Town of Avon entered into a SUBDIVISION IMPROVEMENTS AGREEMENT, dated April 23, 2002, with Buffalo Ridge Affordable Housing Corporation and Buffalo Ridge II LLLP in connection with the approval of the Final Plat for The Village (at Avon) Filing 2, Town of Avon, Eagle County, Colorado; and WHEREAS, said Agreement established certain public improvements to be constructed in conjunction with said subdivision; and WHEREAS, Town of Avon Resolution No. 04-29, Series of 2004, approved and accepted said public improvements as of July 27, 2004,. pending completion of one year warranty period extended to July 27, 2005; and WHEREAS, the warranty work on the Subdivider's Improvements are secured by a dual obligee bond in accordance with the Subdivision Improvements Agreement; and WHEREAS, an on-site warranty inspection was performed with the Project Engineer and Contractor's representative on July 22, 2005; and WHEREAS, all public improvements required by the Subdivision Improvements Agreement were found to be in satisfactory condition at-the end of the stipulated one year warranty period with the exception of the required establishment of vegetation in the lower reach of the channel in Basin 10 and the upper reach of the channel in Basin 9. I:\Engineering\Avon Village\3.0 Filing Mompletion\Warranty Res.Doc NOW, THEREFORE BE IT RESOLVED BY THE TOWN COUNCIL OF, THE TOWN OF AVON, that- .1., The public improvements required to be constructed in conjunction with the SUBDIVISION IMPROVEMENTS AGREEMENT- for The Village (at Avon) Filing 2 have satisfactorily completed the established one year warranty period ending July 27, 2005 and are hereby approved and accepted, with the exception of the establishment of the required vegetation in the lower reach of the channel in Basin 10 and the upper reach of the channel in Basin 9. 2. The warranty period for the lower reach of the channel in Basin 10 and the upper reach of the channel in Basin 9 is hereby extended one year for a period ending July 27, 2006, for the establishment of the required vegetation. 3. The dual obligee bond shall remain in full force and effect through the extended. warranty period ADOPTED THIS I DAY OF 2005. TOWN COUNCIL TOWN OF AVON, COLORADO ®F A~ Ronald C. Wolfe, Mayor ATTEST: p4tz'~-r?c ~ - , P cKen To Jerk lAEngineering\Avon Village\3.0 Filing 2\Completion\Warranty Res.Doc Memo TO: Honorable Mayor and Town Council Thru: Larry Brooks, Town Manager From: Norman Wood, Town Engineer Date: October 1, 2005 Re: The Village (at Avon) Filing 2 - Public Improvements Warranty Completion Resolution No. 05-38, Series of 2005 A Resolution Approving and Accepting Public Improvements Having Successfully Completed the One Year Warranty Period for Said Improvements Installed and Constructed in accordance with Subdivision Improvements Agreement for The Village (at Avon) Filing 2 Summary: Resolution No. 05-38 (Exhibit 1) approves and accepts the public improvements having completed the one year warranty period in conformance with the Subdivision Improvements Agreement for The Village (at Avon) Filing 2 (Exhibit 4). A field inspection was performed on July 22, 2005 to evaluate the condition of these Public Improvements following the one-year warranty period ending July 27, 2005 as established by Resolution No. 04-29 (Exhibit 3). Participants in this field inspection were Sandra E. Mendonca, P.E., Project Engineer with Inter-Mountain Engineering, Ltd.; Bill "Thunder" Thornton, project manager for Colorado First Construction Company; Joe Bair, special inspector for the Town of Avon and Norman Wood, P.E., Town Engineer for the Town of Avon. In this inspection the improvements were found to be in satisfactory condition with the exception of the required establishment of vegetation in the lower reach of the channel in Basin 10 and the upper reach of the channel in Basin 9. The condition of these channels is documented in attached letter (Exhibit 2) dated August 18, 2005 from Sandra Mendonca, P.E. with Inter-Mountain Engineering, Ltd. Resolution No. 05-38 has been drafted to approve the public improvements as having successfully completed the one year warranty period with the exception of the revegetation in these two areas. It extends the warranty period on these exceptions for another year and requires the dual obligation bond remain in full force and effect throughout the extended warranty period 1:\Engineering\Avon Village\3.0 Filing 2\Completion\Wananty Res.Doc We recommend approval of attached Resolution No. 05-38, A Resolution Approving and Accepting Public Improvements Having Successfully Completed the One Year Period for said Improvements Installed and Constructed in Accordance with Subdivision Improvements Agreement for the Village at (Avon) Filing 2. Recommendation: Approve Resolution No. 05-38, Series of 2005, A Resolution Approving and Accepting Public Improvements Having Successfully Completed the One Year Warranty Period for said Improvements Installed and Constructed in Accordance with Subdivision Improvements Agreement for The Village (at Avon) Filing 2. Proposed Motion: I move to approve Resolution No. 05-38, Series of 2005, A Resolution Approving and, Accepting Public Improvements Having Successfully Completed the One Year Warranty Period for said Improvements Installed and Constructed in Accordance with Subdivision Improvements Agreement for The Village (at Avon) Filing 2. Town Manager Comments: Attachments: Exhibit 1 - Resolution No. 05-38, Series'of 2005 Exhibit 2 - Inter-Mountain Engineering; Ltd. Letter of August 18, 2005 Exhibit 3 - Resolution No. 04-29, Series of 2004 Exhibit 4 - Subdivision Improvements Agreement IAEngineering\Avon Village\3.0 Filing ICompletionMamanty Res.DocO Page 2 Exfli,61 r 2 • Lter~Mounta~n mgtnceringua. August 18, 2005 Norman Wood Town of Avon P.O. Box 975 Avon, CO 81620 Re: Buffalo Ridge SIA Final Acceptance and Warranty Release Dear Norman: I re-visited the referenced project today. CFCC removed, the perimeter silt fence (leaving the hay bales and straw wattles, as you requested). They also re-laid the fabric against the existing _ ground surface on the eroded slopes adjacent to and between the flared end sections on the pond outlet pipes above buildings 11 and 12 and placed rock ballast over it for additional protection. Looking east along CDOTfence adjacent to path south of buildings Upper reach of channel in Basin 10, looking uphill ai where silt fence was removed (typical) pond outlet between buildings I I and 11 I also checked those portions of the lower reach of the channel in Basin 10 and the upper reach of the channel in Basin 9, where minimal or no vegetation was observed on 7-22-05, to determine whether new germination occurred following corrective actions taken by CFCC on 7- 26-05. 8392 Continental Divide Road, Suite 107 • Littleton, Colorado 80127 Phone: (303) 948-6220 Fax: (303) 948-6526 40801 U.S. Hwy 6, Suite 203 • PO Box 978 • Avon, Colorado 81620 Phone: (970) 949-5M Fax: (970) 949-9339 Toll Free: (800) 856-2258 No new sprouts were observed in the lower reach of the channel in basin 10. In this area, CFCC has been given the option to soil load over the' fabric (with a maximum of 1/4" topsoil), then hydro-seed and mulch with a tackifier and continue temporary irrigation, as needed, until vegetation establishes. The area will be checked for re-vegetation in the spring of 2006. If it remains un-vegetated at that time, the mat will need to be lifted from un-vegetated areas, hydroseeded with a tackifier to hold the seed in place, the'mat replaced, and temporary irrigation provided until vegetation is established. There is substantial new growth in the bottom of the upper reach of the debris flow mitigation overflow channel in Basin 9; however, no new sprouts were observed on the side slopes. CFCC plans to continue temporary irrigation through the summer in this area. Re-growth should be verified in the spring of 2006. If there is no re-growth and/or the side slope remain un-vegetated. at that time, the mat will need to be lifted from un-vegetated areas, hydroseeded with a tackifier to hold the seed in place, the mat replaced, and temporary irrigation provided until vegetation is established. Closeup photograph showing gern lack ofgermination on side slopes vegetation in this area Lower reach of channel in Basin 10, looking uphill from bicycle and pedestrian path between buildings 6 and 7 looking uphill between buildings 14 and 15 Otherwise, based on observations made during this and previous site visits conducted in July and August of 2005, to my knowledge, information and belief the public improvements for the referenced project are substantially free of visible defects. CFCC is requesting warranty release for the. completed work, with the exception of the -channel protection and re-vegetation in the specifically referenced areas, at this time. This document is not a guaranty or warranty, either expressed or implied. It was prepared for the exclusive use of the Town of Avon. Should you have any questions regarding the information contained in this letter, please contact the undersigned at your convenience. RE -34350 oC W tP p : `Q1~S/ON 1kV, P.E. cc: Bill "Thunder" .Thornton, CFCC E. J. Olbright, CFCC James Fitzpatrick, Corum J \cad\drawings\000:0\CONST-REQUEST\SIA Close-outUr Final Acceptance 8-1M5 doc J TOWN OF AVON, COLORADO RESOLUTION NO. 04-29 Series of 2004 A RESOLUTION APPROVING AND ACCEPTING THE PUBLIC IMPROVEMENTS INSTALLED AND CONSTRUCTED IN ACCORDANCE WITH SUBDIVISION IMPROVEMENTS AGREEMENT FOR THE VILLAGE (AT AVON) FILING-2 AND ESTABLISHING WARRANTY PERIOD FOR SAID IMPROVEMENTS WHEREAS; the' Town of Avon entered into a SUBDIVISION IMPROVEMENTS AGREEMENT, dated April 23, 2002, with Buffalo Ridge Affordable Housing Corporation and Buffalo Ridge II LLLP in connection with the approval of the Final Plat for The Village (at Avon) Filing Town of Avon, Eagle County, Colorado; and WHEREAS, said Agreement established certain public improvements to be constructed in conjunction with said subdivision; and WHEREAS, said Agreement established requirements for the provision of security deposits to assure completion of the improvements in accordance with the_Agreement and the subsequent release of the security deposits upon completion and the stipulated warranty period; and WHEREAS, said public improvements were substantially complete as of July 27, 2004; and WHEREAS,-all required documentation for approval and acceptance of the improvements has been submitted. NOW, THEREFORE BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF AVON,'that: 1. The.public improvements required.to be constructed in conjunction with The Village (at, Avon) Filing 2 are substantially complete as of July 27, 2004, in accordance with the SUBDIVISION IMPROVEMENTS AGREEMENT and the stipulated one-year warranty period for said improvements shall extend to July 27, 2005. 2. The public improvements are hereby approved and accepted by the Town of Avon with the exception of items of warranty work, which are identified during'the warranty period, which items shall have a warranty period, which extends for one year from the date of satisfactory correction of the warranted item. Resolution No. 04-29 Public Improvements V@A Page I of 2 3. Effective July 27, 2004, the security deposit may be released and warranty. work on Subdivider's Improvements will be secured by a dual obligee bond in accordance with the Subdivision Improvements Agreement. ADOPTED THIS. DAY OF a , 2004. 7- , ATTEST, Town Clerk TOWN COUNCIL TOWN OF AVON, COLORADO t A Albert D. Reynolds, May Resolution No. 04-29 Public Improvements V@A Page 2 of 2 40C ix 4 s.. _ . Q . ~lQ O" "SUBI)IVISION EMPROVEMENTS AGREEMENT 03 day of April, 2002, is THIS AGREEMENT, made and entered into this by and among BUFFALO RIDGE AFFORDABLE HOUSING CORPORATION, a Colorado nonprofit corporation and BUFFALO RIDGE II LLLP, a Colorado limited liability limited partnership (collectively "Subdivider"), and the TOWN OF* AVON, a Colorado municipality, by and through its Council (the "Town"). RECITAM WHEREAS , Subdivider, in connection with the' approval of the final plat for The Village (at Avon) Filing 2, consisting of approximately 138.469 acres in Section 12, T. 5. S., R. 82 W. and Section 7, T. 5 S., R. 81 W., of the 6th P.M., . Town of Avon, Eagle County., Colorado *(the "Subdivision"), desires to enter into a- Subdivision Improvements .Agreement with the Town as provided for by Section 16.24.100 of the Avon Municipal Cede, as amended (the "Code"); and . , WHEREAS, pursuant to the Code, the Town desires to make reasonable provisions for'completion of certain public improvements . (the "Improvements') set forth in ExWt A attached hereto and incorporated herein by-reference; and WHEREAS, the Subdivider is responsible for the performance and completion of .the Improvements and the parties desire to. set forth their agreement with regard to compliance with the same; -and WHEREAS, the Town and Subdivider are parties to those certain bond.issuance and HUD insured financing documents C HUD Financing") pertaining to the financing and construction of the Buffalo Ridge Apartments. AGREEMENT NOW THEREFORE, in - consideration of the following mutual covenants, conditions and promises,. the parties hereby agree as follows: 1. Final Plat Approval The Town agrees that upon compliance with all other conditions of approval, and subject to the terms and conditions of this Agreement, the Final Plat of The Village (at Avon) Filing 2 ("Final Plat") shall be promptly filed for record with the Office of the Eagle County Clerk and Recorder. 2. - Completion of Work. (a) Performance. Subdivider agrees to furnish all equipment,. labor and material necessary to perform and complete, in a good and workmanlike manner, all improvements and work incidental thereto as set forth in Exhibit A. Subdivider finther 514415.10 FLaher n°3z,,a agrees that *it will be responsible for ell costs of Improvements. All'said work shall be. performed in accordance with the construction plans and specifications as submitted to and approved by the Town prior. to commencement of construetion of Improvements. All Improvemems shall be 'completed within twenty-four. (24) months of the data. of the Town's apptval of the Final Plat for the Subdivision. (b) Inspection Procedures. (1) All work shall be done under the inspection procedures and. standards established by the Town, shall be subject to. the reasonable satisfaction of the Town and shall'.not be deemed complete, until the reasonable. approval and acceptance of the-Improve is by the Town. (2) Designation of Inspectors. Prior to commencement of construction work on the Improvements, the Town shall designate the individuals or' independent third parties. employed by the Town who are authorized. to. inspect the constriction' of. the Improvements: Such inspections.'by••the. Town shall not -relieve Subdivider or its agents from any responsibility .or.obli idn ta. assure that all work is completed 'conformance with all, standards, plans and specifications • as submitted to and previously approved by the Town: ' (3) ' Cost of Inspections. The cost • of such. inspections, whether by Town employees or an-hulepemidentthird. party inspector, shall be•paidby Subdivider and;subject•to the limitations set-forth in.p hIbelow. (4) Notice C'f Non&M 'fiance. Iu the. event that the ' Town, through the inspectors, . reasonably ddernmines. that the Improvemems are not in compliance ,with the pre-approved ' oonsnuttion plans and specifications, it shall 'give .written notice of such non-compliance to Subdivider ("Notice of Non-Compliance': . The Notice.of Non-Compliance shall include a narrative descdIdng tba,uasatisfactory .construction, work. with, specific reference to ;he. applicable- construction plans and :specificatioes.. The -Notice of Non-Compliance must be provided to • Subdivider. within t wo •(2) vi t6r g days of the date of the- inspection: 3. Security for Completion of Improvements. (a) Security.. To secure completion -of the Improvements, Subdivider hereby agrees to secure its. respective obligations under this Agreemment with Collateral. in accordancewith Section 16.24.100 of the Code. Collateral shall be one or a combination of the following. cash or its equivalent; securities of acceptable value; letter of credit; bond (for warranty period only); and land of acceptable value by deed of trust. ' (b) " Substitution of Security. Subdivider may. substitute another form of collateral acceptable to the Town in place of the forms of security set forth above in order to 'guaranty the faithful completion of the Improvements and the performance of the tennis of this Agreement. 796832 Page: 2 of 16 514415.8 i 05/28/2002 01:524 Sara J Fisher Eagle, CO 09 R 80.00 0 0.00 L. 4.. Subdivider Improvements. (a) Security for. Completion of Subdivider's Improvements. Subdivider shall delivWto the Town irrevocable letter(s) of credit issued by a. reputable financial institution or other collateral acceptable to the Town.and consistent with section 16.24.100 .of tho- Code in -an amount- equal to one hundred percent (1006A) of the estimated cost of 'completion-of Subdivider's Improvements set forth on Exhiblt W. The Town hereby aclmowledges.that the Final Plat for-the Subdivision may be r+ecorded.pnoi . to the closing of the IUD Financing, but Subdivider acknowledges. and agrees that if the HUD Financing has not closed and the letter(s) of credit or-other couiter4:acceptable to the Town has not been delivered to the Town within IS days -after recordation of the Final Plat for the Subdivision, either Traer Creek LLC ("Traer Creelr a Colorado hnuW liability company,. the current owner of the reatpr+operty covered by'the Final Plat of the Subdivision or the Town shall have the unilateral right to vacate the Final - Plat for the'. Subdivision. (b). Progress Payments on - Subdividers Improvements. Subdivider agrees, that a separate schedule of values for the Improvements shall be included in the -construction contracts for the Buffalo Midge Apartments.' The- Subdivider may make progress payments to. its contractors on a monthly basis upon .®r the partial completion of itemized impmvements for which cost estimates have been set forth in Fxhit B and upon written request to the Town including.: an itemized statement and certification of the . , Subdividei of completion - and acceptance of itemized improvements . bar 3ulidivider's engineer, and (ii) the written approval of the Town or its designee; provided, however, if the Town fails to .respond' lo a disbursement regtuest within seven _(7) -days such: request will be deemed approved. The' itemized statement and certiffcation• by 'the Subdivider shall certify that all work for which :progress payments. have been requested has- been completed in accordance with:the..approved plans and specificatioaL Upon the approval of such progress payments,, the.amoud.of collateral shall'be reduced.byfthe. amount of such payment; Provided, however, that in no event will. arty such reduction cause the amount of remaining collateral . to be less than an amount equal to - one htmdred percent ' (100%) of the estimated'cosw of completion of all remaining s"videea -lmpmvemeats. Such progress payments - shall be - disbursed to the contractor in accordance with the,' construction contract executed for the construction of the Ju4 mvements and. approved in - connection .with the.HUD Financing; -provided,-however, retainage of ten percent (100/0)' shall be withheld with. respect to all disbursements until the Improvements - have.. been completed. Upon completion of all work related m. Subdividees improvements and the Town's acceptance of the completion. of Subdividers Improvements;. the entire' amount of remaining collateral, less the amounts or other security described.in paragraph S, shall be released. _ (c) Default by Subdivider. In the event of a default in whole or in part by Subdivider, the Town shall be' authorized to take * all- such actions necessary or desirable to enforce its.rights hereunder for the purpose of undertaking completion or remediation work on the Improvements after providing thirty (30) days' advance written 796832 Page: 3 of 18 514415.8 05/28/2002 01:52 Sara J Fisher Eagle. CO 99 R 80.00 0 8.00 ,t notice of default and providing an opportunity during such period for Subdivider to cure the default. - 5. Warranty Period. The Improvements shall be warranted to be free from defects in workmahip or quality for a period of one (1) year slier acceptance of all the work by the Town. In the event o€ any.s4ch.defect, the Town may require Subdivider to correct the defect in.material or .workmanship. The amounts for completion of all warranty work on Subdividers Improvements shall be secured by a dual obligee bond. ("Bond') in form approved by the Town, fiun the subcontractor constlvcting the'. Imprdvements, naming Subdivider and SubdividWs prime contractor as obligees, in the amount of one hundred percent. (1000/O) of.the cost of such corrective work, to be held by. the Town during such one (1) year warranty period, as a guaranty of performance; of any. work required under the above-described warranty. In. the event any connective work is performed during.the one (1) yeas warranty period then the warranty on.mdd corrected. work shall be extended for one'. (1) year from the date on which it is. completed.... The . Bond shall'be maintained for the entire warty period. 6. Condition - of Public Dedicated Roadways. ' The Subdivider shall at all times prior to acceptance of any. publicly: dedicated roadways within the Subdivision by the Town give good. and. adequate warning to the traveling public of each and every known. dangerous condition,existent in said roads and shall protect the traveling public from such defective or dangerous' conditions: - Until - the completion of. all the Improvements herein agreed to'be constructed,' roads not- accepted as improved shall be under the charge and control of the 'Subdivider-for. purposes of this Agreement and the Subdivider may. close all .'or a portion of any street or road , within the. Subdivision whenever it. is necessary to protect *.the' traveling' public during the 'construction -or installation of the Improvements herein agreed to be made. 7:. Enttineerintt _9a cation: . Upon completion of portions of the Improvements, .Subdivider will cause its :engineers (whoa shall be rtgistesed in. the. State .of Colorado) to certify in writing that.' the - installation of . the - Improvements or portions thereof as may be completed from .time to time, have been complere$ *in conformance with all standards, plans and -specifications.. as submitted to and previously approved by the Town. Inspection reports, test results and. other: supporting documentation shall be submitted with the certification. - 8. ' Su von and Inspection - Fees. Fees in accordance with. .the" Town's Subdivision Regulations for the review of preliminary Plans and Final Plats have been paid in full: Additional -few shall be paid to the Town by Subdivider within thirty (30). days. after delivery of written invoice for such fees to cover the cost of inspections by the Town. The fees will be based. on direct (out-of-pocket) costs of the Town plus -an administrative fee in the amount of fifteen (15°A) percent of the direct costs, but in no event will the total amount of 'such 'additional fees exceed five 'percent . (5%) of construction costs. 796832 Page: 4 of 16 5144158 Sara J Fisher Eagle, CO 99 R 80. so S,~D 0.00 1.S2P 9, No Obliggon of Town to Complete Improvements. Subdivider agrees that in the event'it shall fail to perform its obligations as set forth,herein, the Town shall be under no obligation to complete or perform any of the said Improvements. No one, individually or otherwise, other than the Subdivider, shall- acquire, as a result of this. Agreement, any 'rights, claims or obligations from or against the Tdwn, its agents, employees or officers.. Actions by the -Town againstSubdivider to enforce any provision of this Agreeanent shall be at the sole discretion of the Town. No third parties shall have any rights - to require any action by the Town pursuant to this Agreement; and. - this Agreement shall not create a liability on-the par t of or be -a cause of action against the Town, for any personal or- property damage that may result to any third parties from the failure of the Subdivider to complete the Improvements herein specified. 10.. Non-Liability of Town; Indemnification. The 'own.shall -not,. nor shall' any officer, agent, or employee thereof, be liable or responsible for any. accident, loss or damage related to the 'work specified 'in this Agreement, nor shall, the Town, nor any of ficer, agent or employee thereof, be liable for any persons or property injured by reason of the-neume of said work. To the extent permitted by law, Subdivider hereby agrees to' indemnify. and hold harmless the Town, and any of its officers, agents and employees against any losses, claims, damages or liabilities to which the Town or any of its officers, agents or employees' may become. subject, because of any losses; clams, damages or liabilities (or actions in respect thereof) that arise, out of; or are based upon, any am or omissions in-the•pecfona'--of the-obligations of Subdivider, as'hereinbef)m stated; but notwith regard to'any losses, claims, damages or liabilities to which the Town or aay of its officers, : agents or employees .may be. subject and resulting. fimn the Town's gross negligence or willful misconduct. Furthermore; Subdivider shall. reimburse the Town for any and- all legal or other 'expenses reasonably incurred by. the Town: in connection. with investigating or defending any such loss or claim, unless it is determined that such claim. . resulted from the gross negligence or willful misconduct of the Town. 11. Rights of Town in Event of Default. In the event that Subdivider defmilts in whole or in part in the performance of this. Agreement, and after the .expiration of thirty (30). days after haying given wntton. notice to Subdivider of such default during which . period .of time the..Subdivider fafled to--correct said defhult, the town: may, at its sole discretion,.proceed with the construction or completion of the. Improvements- specified on Exhibit A. All. such costs paid, by the . Town for such. Improvements; together with all .Cogs of personnel, equipment and other matters expended by -the' Town in firrffi nce of the* construction responsibilities of -Subdivider, shall be paid by Subdivider. Any'. such costs relating to the Subdivider Improvements, which have-. not been reimbursed by Subdivider, shall be alien on. any property in- the Subdivision owned by Subdivider at the time of default. Said lien may 'be foreclosed in the same. manner as a mortgage and shall entitle the Town to add its costs and reasonable attorneys' fees in such foreclosure of other collection. Without limiting the foregoing, the Town may bring a mandatory injunction action against Subdivider to require installation and construction of the Improvements, if not constructed within the time limits described in this Agreement' If any such action is brought by the Town, the Town shall be awarded its court costs and reasonable attorneys' fees. 796832 paSM: 5 of Ira 514415.8 00 1:524 7 800 D R 80. v 12. Letter * Certifi►ina Completion and Final When all Improvements have been completed and accepted by the Town, and the Warranty Period has expired, the Town agrees that it will issue a letter, in recordable form, certifying that all obligations of Subdivider under this Agreement have been satisfied. 13. Amendments. This- Agreement may be amended from time to time, provided that such amendment is in writing and signed by all parties hereto. 14. Covenants Running with the Land. This Agreement and the *obligations hereof shall be deemed to be covenants ruining with the land and shall be binding on the successors and assigns of the parties hereto. 15., Acouisition of Froperty and Non Liability of Traer Creek. Subdivider hereby discloses and the Town hereby aclmowledges that Subdivider does not currently. own any portion of the real property shown on the Final Plat for the Subdivision. Subdivider has contracts to acquire portions of the real property covered by the Final Plat contemporaneously with the closing of ft IUD Financing from Traer Creek. The Town agrees that Traer Creek shall have no liability or obligation under this Agreement and shall look solely to Subdivider for perfoimance hereunder upon its acquisition' of title to my portion of the real property. covered by the Final Plat. The parties b ve executed this Agreement as of the date 5rst.above written. OF 4'p, TOWN OF AVON, a Colorado ' mumcipal corporation T: SEAL" By: wn C M o "PPLOVEP AS TO FORM: T Attorney BUFFALO RIDGE AFFORDABLE HOUSING CORPORATION, ATTEST: a Colorado nonprofit corporation 46*V701"' *V701- J 796832 Page: 6 of 16 Title: U+c.~ ~neS~o~~ BUFFALO RIDGE II LLLP.,a Colorado limited liability limited partnership BY. , - CORUM 9UFFAL0 RIDGE LLC, a . Colorado.limited liability company, General 111111111111111111 oil 11111111 79r2832 Page: 7 of Is 95/2B/2092 01:52~ Sara J Fisher Eagle, CO .89 R Be." 0 9.09 11 SWISS f J~ • . • ti v COUNTY OF ) The foregoing instniment was awledged before me this- , day of 20062, by k as of e o of Avon, a Colorado municipal corporation. • STATE OF COLORADO ) )ss. Witness my hand and official seal. PCY ~QY__nn ry~ • •e u_ i •~OTAy J- My commission expires: My Co mission Ex 09~~r e e Ndbdl~ubllc STATE OF COLORADO ) )as. COUNTY OF ) The foregoing instrument was acknowledged before me this o?b day- of 200 a2 by Z e - o Buffalo Ridge Affordable Corporation, a Colorado nonprofit corporation. A YUG. Witness my hand and official seal. My commission expires: i y; %0TA J4 L 10 Public 799832 514415.8 111M 11111111111111111111 foil 111111119 11111 11111111 Pa"- a of 16 i Sara J FisMr E"16, iM a 05/29/2002 01:5 R 89.9i 0.99 8 r STATE OF COLORADO ) • )ss. COUNTY OF The foregoing instrument was acknowledged before me this _ day. of rik • 200, by.James G. Fitzpatrick. III, as Managing Member. of Corum Buffalo Ridge LLC, a Colorado limited liability company, General Partner of Buffalo Ridge II 111P. a Colorado limited liability limited partner3bip. -awifte, Witness my band and official. seal. My commission expires: •r ~0TAR 1 • Notary Public STATE OF COLORADO j )ss. COUNTY OF ) The foregoing instrument was ackmowledged before me. this Of of ri 200A by Jeffery M. Spanel,: as'Manager of Wintergreen Homes= Buffilo Ridge LLC, -a Colorado limited liability company, General Partner of Buffalo Ridge II LLLP, a Colorado limited liability limited.parlnership: Witness my hand and official seal: ~YU My commission expires: t a - 'a' _ Q.•' • `NpTARY': Notary Public page: 9 of Is 95/28/2092 91 Sara J Fisher 0. Cc R Be. so 0 9 514415.8 STATE OF COLORADO ) COUNTY OF )SR. E9MLIE ) The foregoing instrument - was aclmowledged before me this 2,U%_ day of M . 2002 _.,by r ftt 4oj%A U!•w wo . as of Traw Creek LLC, a Colorado limited liability company. Witness my hand and official seal. My commission expires: 1 796832 Page: 10 of 16 05/W/2092 91:520 10 514415.8 EXH BIT A j Description of Improvemenst . Sl"15.8 INI~FlIM~ a co as ~IIMG~o~Q~w°'^96832 30, 0 0. Exhibit A Villa-go (at Avon) Filing .2 Subdivision Improvements Agreement The public Improvements for the Village (at Avon) Filing 2 shall include the following described work. 1. General, including contractor mobilization. 2. Demolition, including the removal of the gate at the westerly property line. 3. Earthwork, which is limited to clearing, excavation and the placement of compacted earth fill within the right of way for Swift Gulch Load. 4. Road Construction, including the preparation of the subgrade, placement of road base, placement of asphalt-paving, installation of guardrail, installation of concrete sidewalks, roadway striping-and signage and two bus stops for Swift Gulch *Road. The preparation of the subgrade, placement of road base and placement of asphalt paving for the bike, path. - 5. Drainage and Debris Flow Mitigation, including the construction of debris retention ponds; storm water detention*ponds, storm sewers, and outlet structures. This wont also includes the enclosure of the Nottingham =-Puler Ditch into a. pipeline. 6.. Revegetation & Erosion Control, including erosion control during construction, and reseeding all portions of the Swift Gulch Road right of way disturbed by this construction. 7. Utilities, including the construction of sanitary sewer and domestic water mainlines. 8. Retaining Walls includes the construction of boulder and/or MSE retaining Walls within. the Swift Gulch Road right of way. 9. Booster Pump Station includes the construction of a temporary, above ground pump station to provide adequate domestic water pressure and required fire flows. In the event that Traer Creek Metropolitan District completes a loop linen across Interstate Highway 70 connecting the easterly ehd of the Village (at Avon) Filing 2 water main to the water mains on the south side of the highway in advance of the completion of the first apartment building, this station will not be required or constructed. 10. Construction Management includes the general contractors fee, liability insurance and performance bond. These improvements are more fully delineated on the construction plans on file at the Town Office entitled FINAL PLAN. THE VILLAGE (AT AVON) FILING 2 BUFFALO RIDGE IMPROVEMENTS dated AIA'~~~~~I~~~~~~msfi.~`..32°m D 0. 00 J, • ~Ctllage (at Avon) Filina Subdgvid/aar "Pm► emeMs Agreement - ftdNblt B k Winterpeea IROZ 408 Z:49 PM 5/24/2M SIA budget! Sheet2 I General 1.1 Mobil¢atian 1 LS 14,000.00. $14,000 subtotal a Demolition 2.1 Fence & barricade removal 1 LS 4,753.00 $4,753 3 Eartbmork 3.1 Clear & Grub 3.2 Topsoil - replace 11150 CY 1.47 $16,391 o a 0 a 3.3 Ekcavatlon • 2000 CY 58548 CY 7.50 $15,000 3.4 Embankment 72254 CY 0.74 $43,033 0.56 $40,180 d subtotal. - 4 Road Construction 4.1 Subgrade prep. 4.2 Bike path su rade prop b9 P 13430 SY 1.30 $17,459 . • 4.3 Class 6 road base 4205 SY 1.30 $5,467 010- d Bike path 8047 Tons 13.09 $105,300 4.4 Asphaltic concrete 1245 Tons 16.06 $20,000 a4 c 3" bike path 3428 Tons 36:07 $123,653 ® 4.5 Guardrail 520 Tons 45.38 $23,598 ' 4.6 Guardrail anchorage 2171 LF 13.35 $28,987 4.7 Trailhead parking (included in asphalt 8 EA 0 LS 11000.00 $8,000 4.8 Striping : 1 LS 0.00 17,000.00 $0 $17 000 - 4.9 Signs 4.11 Sidewalk (Ind prep) 11 EA 1,200.00 , . $13,200 4.12 Bus stop concrete paving 10026 SF 5452 SF 6.08 $70,000 , 6.60 $85 965 subtotal 5 Drainage & Debds Midgadon 5.1 Pond excavation 32942 CY 5.2 Pond embankment 5504 CY 0.91 $30,000 5.3 18" HDPE 1233 LF 1.79 $9,860 5.4 18" RCP 94 LF 29.44 $36,301 6.5.30" HDPE 689 LF 115.17 $10,826 5.6 48" HDPE 69.45 $47,851 5.7 60" HDPE 379 LF 45.56 $17,268 5.8 18" HDPE end section 304 LF 31 EA -101.28 $30,789 5.9 30" HDPE end section 1 'EA 343.16 $10,638 350.00 S35h y 14,000 Village (at Avon) Fil_ In 2 Subs fvf kn Improvements Agreement- WON B . Wiintergxeen Homes 249' PM 5/242002 SIA budget / Sheet2 5.10 48" HDPE*end section 2 EA 842.00 $1,684 5.11 Storm manholes 5 EA 3,060.60 • $15,303 5:12 Inlet's 6 EA 2,909.33 $17,456 5.13 Rlinp 4688 Tons 9.48 $44,427 5.14 Concrete headwalls 2 EA 5,844.50 $11,689 S.15 Nottingham - Puder ditch a W HDPE 843 LF 71.31 $60,114 b V manholes 5 EA 3,664.00 $18,320 c Slide gate 1 EA 1,000.00 $1,000 d RIR existing Wend sections 2 EA 1,000.00 $2,000 e Tie to existing 24" RCP 1 EA 1,000.00 $1,000 5,21 Detention pond outlet structure 6 EA 5,407.67 $32,446 subtotal 6 Revegebtion & Erosfon Control ` 6.1 Erosion control 1 LS 2,671.00 $2,671 6.5 Silt fence. 1 LS 9,562.00 .$9,562 6 6 Seed & m l h . u c 5 Acre 3.660.00 $18,300 F sabtoAd 0 7 Utlfities a 7A Water Main ` d a 12" DIP 4096 LF 35.75 $146,432 b 12" bends 11 EA 7.45 $82 c Fir® hydrant assembly 5 EA 3,815.80 $19,079 p d 4" water service line 15 EA 2,031.93 $30,479 t~ a Air vacfprk manhole 1 EA 3,650.00. $3 656 72 Sanitary Sewer Main , ® a 8" PVC 5200 LF 20.15 .$104,762 b Manholes 18 EA 2,096.67 $37,740 c Sanitary service lines 15 EA 964.73 $14,471 = ( ~ W subtotal 8 Retaining Walls 8.1 MSE walls 6289 SF 56.44 $354,935 E 8.2 Wag Excavation 4100 CY 10.03 $41,107 8.3 Wag bacldtll 25W CY 8.22 $20,554 8.4 Boulder retaining wall 6289 SF 16.38 $103,034 subtotal 9 Booster Pump Station 9.1 Package (above ground from EFI) 1 EA 100,000.00 $100,000 9.2 Site electrical & concrete 1 EA - 25,000.00 ' $25,000 $519,630 VIII'ag~( Avonl Fllina_2 . Subdiftfon bnprovamwft Agreement - &hM 8 Wintergreen Homes 249 PM 5/24/2002 SIA budget / Shest2 .$125,000 10 G:onstnicdon AiDanageenei~ 10.1 Insurance, bond & fee 1 EA 9.00% $182,985 I~I~I~~@II~IIIi~~I :~g:. Sara J Fisher Eavle. CO 379 R 20. 00 D 0.99