03-23-2012 Stone Creek ElementaryKim all
Irt AVIL MI"HAU, VXN
This Agreement to Release Any and All Ownership Interest in Modular Buildings, is
made and entered into effective as of March 23, 2012 by and between the Town of Avon, a home
rule municipal corporation of the State of Colorado ( "Town"), and Stone Creek Elementary, a
Colorado nonprofit corporation ("Stone CreelC) (collectively, "Parties").
NOW, THEREFORF, for and in consideration of the foregoing, the mutual promises
contained herein, the Parties' performance of their respective obligations hereunder, and other
good and valuable consideration, the receipt and sufficiency of which are mutually
acknowledged. the Parties agree as follows:
I . Stone Creek hereby agrees to release and relinquish any and all claim of
ownership of the Modular Buildings, related improvements, or any other property interest
Avon-Stone Creek Agreement to Release Ownership
Marth 22, 2012
Page I of 3
a. Extreme Weather Events: Events of extreme weather, including but not limited
to heavy snowfall, flooding, tornadoes, excessive wind events, which directly cause the
reasonable inability to remove and transport the Modular Buildings without additional cost or
duration of the extreme weather event.
b. Closure of Roads: Events which result in the closure of 1-70, Highway 6, or
roads in Avon that directly cause the reasonable inability of Stone Creek to remove or
transport the Modular Buildings without additional cost or expense to Stone Creek shall
Avon -Stone Creek Agreement to Release Ownersbip
March 22, 2012
Page 2 of 3
result in an automatic extension of time only to the extent of the duration of such road
closure.
e. Acts of War or Terrorism: Acts of war or terrorism which directly cause the
reasonable inability of Stone Creek to move or transport the Modular Buildings without
additional cost or expense to Stone Creek shall result in an automatic extension of time only
to the extent of the duration of the conditions of such act of war or terrorism which directly
causes the inability to remove and transport the Modular Buildings.
7. Avon agrees to promptly dismiss the Complaint in Unlawful Detainer, Town of
Avon v. Stone Creek Elementary, 12 CV 262 after this Agreement is fully executed-
8. This Agreement may be assigned by Stone Creek to Eagle Airport Commercial
Center. Any other assignment of this Agreement by Stone Creek to another party shall be null,
void and enforceable against the Town unless approved in writing by the Town.
13-IT M. Fill '�'.Jqj 11
Avon-Stone Creek Agreement to Release ownership
March 22, 2012
Page 3 of 3
Tom of Awn
P.O. BCD( 975
900 BeidynA Road
Awn, Cbbado 81620
970 - 798-9005
Office of the Town Manager
To: Honorable Mayor and Town Council
From: Larry Brooks, Town Manager
Date: February 8, 2007
Regarding: Work Session for Resolution 07 -01, Series of 2007, Amendment to Lease
Agreement between Stone Creek Elementary School and the Town of Avon
Summary: Since the inception of the lease agreement entered into between the Town of
Avon and Stone Creek Elementary this past July, there seems to have been confusion
about the full extent of obligations set forth therein. In recent months it has become apparent
that the school would benefit from some adjustments to this lease. Specifically, they have
asked for the Town to reconsider the term of the lease ( beyond one year), the amount of
the restoration bond for the site ( a reduction of the current $250,000 ), the payment of the
tap fees for the site, and a reduction of the annual lease rate.
We believe that with the current information, the Town can logically accommodate a portion
of the request without jeopardizing the security for the site or our fiduciary responsibility to
the community. We are therefore recommending that a First Amendment to Stone Creek
Elementary School Lease between Town of Avon And Stone Creek Elementary.
Previous Council Action: The Town Council previously approved the current lease
agreement in June of 2006 for a one year term from July 1,2006 and ending June 30,2007.
On November 28, 2006, Bill Hammer was on the agenda in behalf of the school to request
that the Town pay the tap fees for the property. The council expressed some concern about
the progress in finding a permanent site. The council also requested a meeting of the entire
board to discuss the broader issues of the short and longer term business plan of the
school. On January 23rd, the Council met with entire School Board, including recently seated
members to complete the body. At this meeting the board made their full request to the
council, and staff was directed to make recommendations regarding the request at the next
regularly scheduled meeting of February 13th, 2007.
It should also be noted that the school received a list of deliverables as follows:
1. Contact information for all board members
2. Committee lists and responsibilities
3. Demographic data as to where students live/ economic status
4. Number of students who use TOA public transportation
5. Bids that indicate restoration of land
6. Letter from Nortex for bid on modular removal
39 Me
February 8, 2007
Alternatives: The council could choose to alter or reject any of the specific
recommendations and approve an amendment accordingly, or reject the recommendation
altogether.
Proposed Motion: I move to approve Resolution 07-01, series of 2007, A resolution
approving amendments to a lease between the Town and Stone Creek Elementary.
Exhibit A- Norm Wood Memo
Exhibit B- Scoff Wright Memo
Exhibit C Lease materials
9
should be ub]c 10 retain some of the construction and still maintain o useable site. 7akioi2
this into consideration ne may bc able to reduce the security deposit for site restoration
accordingly. The attached Revised Englineer's- Estimate (Exhibit 4) estimates the cost of
partial site restoration at S35,363 including 15% contingency of S4,613. Considering
the cost of removal of the buildings, S100,000 to S125,000 plus estimated cost of partial
restoration of the site atS35,363,a security deposit iu the range ofS]35,363\oSl60`363
may be adequate 10 protect the Town's interests. Based on this i1 may be reasonable {0
reduce the required security 1oSl50,0O0. �
Site Lease:
There are three issues associated with the Site Lease. The first issue ia the mnouo1ofthe
Leasc, the second ix the term of the lease and the third is the availability ofuoacceptable
ul1ul n1e site to accommodate the Town's uses that would occur on Lot duro2 the term
of the Lease. These are three very distinct but overlapping issues and may need iobe
coosidcn:d102etber. The term of the current ]case isfhrl -vearbcgiooingJu)y ),2O06
and ending June 30,2007a1a rate nfS2l.200 per year. The lease rate is consistent with
rate `vi1h the ]Eug|c County School District for the Tree Farm Site in Edwards and we
believe it represents a fair market value for the site.
The initial one-year lease was accompanied 6va concurrent Lease Agreement bctx'nco
the Town and TracrCrcck }{P, LI-[ to provide u temporary she to the Town for use as all
alternate snow dump site in lieu o[ the previously used Lot 5. The tern] of the Tracr
Creek Lease Agreement was for one-year and did not require payment by the Town.
Rcprcsco1utivcyo[TrocrCreckhorciodiou1cd1bisrvil\ontbc1hccuacfbroncx{cosinoof
the lease and that a payment xvill be required that is equal to anV lease payment required
fioro the Charter School to the Town. We are lookio2u| alternate snow ducnp sites and
believe that other options are available if we are unablc10negotiate u satisfactory lease
aareerrient with Traer Creek
The Town rnn1culp|a1cs nnnnlcdno of Public Works Site and Facility Master Plan this
ycar. This Master Plan will bc based on projected activities and needs o[ the public vvodks
department Including public n/orks,transportation and fleet maintenance and will include
o comprehensive development plan ±orLbe existing Swift Gulch Site as well as other
available site including Lot 5. We do not anticipate irocncdiu1c development of Lot 5 as o
result of this Master Plan. Allowing time 10 develop the necessary fbodjn2 sources and 10
prepare construction plans and documents, p/c expect development o[ Lot 5\obcatleast
three 10 five years ooL If this is taken into consideration, it may bepossible to extend the
lease tu the School for three additional school yeurS without delaying development ofthe
site. This will only bcpossible if the Town has an u|1crooto site available that will oUory
the Town to accommodate the functions that were previously carried out on Lot 5.
|: unii.neennp-A"mw|ugeo.o Filing |'lo5,smn Creek Cmnuoomm0LImmurymnnv�.mv �
Credit Management Group
MAC C7300-079
1740 Broadway
Denver, CO 80274
303 861-8811
303 832-3425 Fax
303 863-6777 Direct Phone
June 19, 2007
Ms. Patty McKenny, Town Clerk
Town of Avon
PO Box 975
Avon, CO 81620
Re: Stone Creek Elementary School - Waiver of Owner/Lessor (Fixtures)
Dear Ms. McKenny:
Enclosed is one of the two fully executed originals of the referenced document.
I will be submitting the other original to the Eagle County Clerk for recordation.
Enclosure
C: Kevin Randel, c/o Stone Creek Elementary School
Cynthia Forstmann, c/o Stone Creek Elementary School
letter 2007 0619 SCE Avon.doc
Recording Requested By,
And After Recording, Return To:
WELLS FARGOBANK,
NATIONAL ASSOCIATION
MAC C7300-079
1700 Lincoln Stnaet, 7th Floor
Denver, C(]8O2O3-45OO
Attn: Mike Roman
WAIVER OF OWNER/LESSOR (F|XTURES)
This Agreement hs made and entered into oaofMay '� 2OO7.by and between WELLS FARGO
BANK, NATIONAL ASSOCIATION ("Bank") and Town of Avon, Colorado (hereinafter, "Fee Owner").
1 Fee Owner hereby consents to the security interest heretofore, now or hereafter tobe
granted to Bank by Stone Creek Elementary, a Colorado nonprofit corporation in the following described
equipment (the "Modu|ana"):
18,200 square foot modular complex sold by Nortex Modular Leasing and Construction Company
now or at any time hereafter affixed to or installed or kept on or at that certain real property owned by Fee
Owner inAvon, Colorado, the legal description nf which ie set forth onExhibit A attached hereto and
incorporated herein by this reference (the "Property").
2. Fee Owner agrees that the Modulars are and shall at all times remain personal property
even though they may be affixed to or installed or resting upon the Property.
3. Fee Owner hereby waives all right, title, claim or interest in or to the Modulars by reason
of the Modulars being attached to or installed or resting upon the Property and hereby grants to Bank the
right and license to enter onto the Property to take possession of the Modulars and to remove the
K8odu|ors therefrom at any reasonable time. Fee Owner confirms that Fee Owner has not received
notice from any person or entity other than Bonk of any claim of right, title or interest in or to any of the
Modulars other than that certain Verified Statement of Claim Pursuant to CRS 38-26-106, dated
December 27, 2006. noticed by Summit Plumbing and Heating LLC,
4, Fee Owner agrees that, notwithstanding any failure by Stone Creek Elementary to
perform under, or the termination of, of that certain Stone Creek Elementary School Lease between Town
of Avon and Stone Creek Elementary, dated as of June 13, 2006, as amended, Fee Owner will not
dispose of the K8odu|ara unless, at least 60 days prior thereto, it has notified Bank in writing.
5. Bank shall not be liable for any diminution in value of the Property caused by the absence
of the Modu|ara so removed or by any necessity of replacing them. Bonk agrees to indemnify and hold
harmless Fee Owner from any claims arising from its entry onto the Property and its removal of the
Modulars therefrom and further agrees to reimburse Fee Owner for the cost of repair and restoration of
any damage caused thereby to the site, the road cut, the road or utilities installed at Fee Owner's
expense. Fee Owner waives any right to require Bank to provide security for the performance of Lessee's
obligations as aforesaid. Fee Owner shall first seek reimbursement from Stone Creek Elementary and the
related letter of credit for the cost of repair and restoration of any damage caused by removal of the
Modulars to the site, the road cut, the road or utilities installed at Fee Owner's expense unless the
damage io caused by Bank's negligence or willful misconduct.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the day
and year first written above.
WELLS FA 10 1AA
NATIO L AS 10
Michael Roman, Vice President
TOWN ON
Ronald C. Wolfe, Mayor/
State ofColorado
County of
The foregoing instrument wasaoknmw|edgedbeforemethiePWay // 2007 by
Ronald C. Wolfe as Mayor and Patty McKenny as Town Clerk of the Town of Avon, a Colorado town, on
behalf of the town.
MICFAI
(Commission expiration date)
State of Colorado
County of
The foregoing instrument was acknowledged before me this W1ay,L'�2OU7by
J. Michael Roman as Vice President of Wells Fargo Bank, N.A., a national banking association on behalf
of the association.
NOTARY PUBLIC
STATE OF COLORADO
�"-Xotary's official signature)
(Commission expiration date)
EXH|B|TA
TO
WAIVER OFOWNER/LESSOR
(FIXTURES)
Legal Description of Property:
Lot 5, The Village at Avon, Filing 1, in the Town of Avon, Eagle County, Colorado
W-
Subject: FW: Revised MOU
From: Rich Carroll [mailto:richcarro114@comcast.net]
Sent: Wednesday, September 09, 2009 9:29 PM
To: 'Michael Lindholm'; Marcus Lindholm; Dan Leary; Dennis Gelvin; 'Russell Molina - Email'; Larry Brooks; Eric Heil
Email; Brian Sipes Remote email; Buz Reynolds
Subject: Revised MOU
Attached is an updated MOU 9-9-09 and a comparison to the previous version dated 8-19-09.
Here are notes on the changes and our telephone conference call:
Larry Brooks, Buz Reynolds, Rich Carroll and Eric Heil participated on behalf of the Town of Avon,
Dennis Gelvin participated on behalf of ERWSD and UERWA, and Russ Molina participated on behalf
of Stone Creek Charter School.
Paragraph 4 was amended to include suggested language from Dennis Gelvin.
Dates were amended to reflect the current timeframe. Grammar changes were made for consistency.
Additional items include:
• Avon believes that if grants are awarded, then the substitute site would need to be prepared,
delivered and ready for occupancy by Spring, 2010.
• If the grant funding is not awarded, then Avon and Stone Creek could negotiate a lease
extension directly between themselves.
If the grant funding is not awarded this fall, there is a potential that significant grant funds could
still be awarded to Avon through 2010.
A temporary staging site is not a permitted use, therefore, the property owner TC-RP would
need to submit an application to amend the Village at Avon PUD Guide to permit temporary
uses, or at least this use.
We need to indentify if TCMD or TC-RP would be the primary party contracting with a
contractor. The required process to obtain permits would need to be identified.
The costs incurred for in Paragraph 2 for preparing the various agreements is estimated to be
$5,000 based on the Town of Avon's expected expenses.
The timeframe for a "Notice to Proceed" and requirement to extend utilities may need to take
into account seasonal difficulties.
Since time is of the essence for Stone Creek Charter School we look forward to a speedy approval of
this document.
Thank You
proceed by the Town of Avon. SCCS will agree to release any claim on the water taps
purchased for the Staging Site after payment. SCCS shall also pay to TC-RP all costs
associated with extension of utilities and shall make such funds available within five (5)
business days of receiving a notice to proceed by the Town of Avon.
3. TC-RP Obligations and Representations: TC-RP will agree to lease the
Staging Site to Avon in accordance with terms consistent with this MOU. The water
taps purchased for the Staging Site will run with the property. TC-RP will acknowledge
that the water taps purchased and installed for the Staging Site shall only be available
for use by Avon for the Staging Site purposes and will agree that such water taps
cannot be used until such time that the requirement to build a water storage tank
imposed by UERWA is satisfied. TC-RP will agree to submit a formal amendment
application to the Village at Avon PUD by September 30, 2009 to obtain (1) approval of
the Staging Site use as a permitted use in Planning Area N, and/or (2) approval of
amendments to the Village at Avon PUD Guide regulations that establish a process and
criteria for reviewing and acting on applications for temporary uses. TC-RP will agree to
provide a license to TCMD to enter the Staging Site for the purpose of installing utility
extensions necessary to serve the Staging Site.
4. UERWA Obligations and Representations: UERWA will allow connection of
the Staging Site for water service upon payment of the appropriate Plant Investment
Fee and satisfaction of conditions customary to receive water service in the Town of
Avon. The water service will be used by Avon for a public works temporary staging
area (including materials storage, vehicle parking and offices) until July 31, 2014.
UERWA will not allow any other use of the water service connection until the water
storage tank required by UERWA is constructed. UERWA will agree that after a water
storage tank is completed, then the property used for the Staging Site shall be entitled
to a credit for the amount previously paid for a Plant Investment Fee for the Staging
Site.
5. TCMD Obligations and Representations: TCMD will agree to allow the
extension of utilities and other improvements in easement areas owned by TCMD for
the purpose of improving the Staging Site. TCMD agrees to obtain permits for the
extension of utilities within the roadway easement areas and cause the completion of
such extension of utilities for the Staging Site within sixty (60) days of receiving a notice
to proceed from Avon.
6. Obligations of All Parties: The parties acknowledge that time is of the essence
and that a draft of the lease extension between Avon and SCCS will be prepared by
October 15, 2009; a draft of the Staging Site lease between Avon and TC-RP will be
prepared by October 15, 2009; a draft of an agreement between UERWA, TC-RP and
Avon will be prepared by October 15, 2009; and a draft of any required agreements with
TCMD will be prepared by October 15, 2009. All drafts shall be provided to all parties
hereto. All parties will agree to diligently negotiate, finalize and approve all identified
agreements by November 20, 2009.
September 9, 2009
Memorandum of Understanding
This Memorandum of Understanding ( "MOU ") is entered into on �.Septernber
2009 by and between the Town of Avon, a Colorado Home Rule municipal
corporation ( "Avon "), Traer Creek - RP, LLC ( "TC -RP "), Stone Creek Charter School
( "SCCS "), Upper Eagle Regional Water Authority ( "UERWA "), Eagle River 'hater and
Sanitation District ( °ERWSD) and Traer Creek Metropolitan District ( "TCMD ").
RECITAL
SCCS desires to extend the current lease for Lot 5, Filing 1, Village at Avon Final
Plat for the next several years. Avon needs to use approximately four acres of land for
staging purposes for the construction of a regional bus maintenance facility. TC -RP has
expressed an interest in leasing land to the Avon to provide a "substitute public works
staging area." In order to use such temporary substitute public works staging area,
UERWA weL4dwill need to provide water service and wouldwill need to conditionally
waive the current requirement for Lot 1, Filing 1 of the Village at Avon to build a water
storage tank. Improvement to a substitute public works staging area on TC -RP property
wou4dwill require extension of utilities in the easement areas provided to TCMD,
including but not limited to water service from URERWA, sewer service from
- � tERWSD, electric and natural gas. Due to the
complexity of the foregoing, the parties desire to determine the basic terms and
allocation of responsibilities with this MOU to promote the efficient and expeditious
preparation of documents necessary to implement this transaction.
1. Avon Obligations and Representations: Contingent upon securing a suitable
four (4) acre site, or sites ( "Staging Site "), for the purpose of temporary staging for a
public works project until July 31, 2014, Avon weuldwill agree to extend the SCCS lease
until July 31, 2014. A suitable site Garicould be one or more locations within Planning
Area N or RMF -1, Village at Avon, adjacent to Swift Gulch Road. Avon VVGjWwfl1 review
and approve any extension of utilities to verify that they are adequate and appropriate to
serve the Staging Site. Avon wo6ldwill reclaim the Staging Site to the reasonable
satisfaction of TC -RP. Avon dwill cap or disconnect any utilities upon vacating the
site. Avon and TC -RP wouWwill enter into a binding lease agreement with TC -RP which
includes terms regarding environmental testing and remediation for any hazardous
materials generated, transported, stored or released on the Staging Site during the
occupancy of such land by Avon. Avon weuWwill agree to release any claim to any
improvements to the Staging Site and not seek any cost reimbursement from TC -RP.
Avon will agree to maintain erosion control on the Staging Site. Avon will agree to
indemnify TC -RP from liability arising from Town's actions and activities on the Staging
Site. Avon will agree to waive all permit fees associated with the extension of utilities to
serve the Staging Site.
2. SCCS Obligations and Representations: SCCS will agree to pay for direct
costs required to prepare the Staging Site for use by Avon (estimated to be $50,000.00)
and for costs incurred in preparing the various agreements (estimated to be $5,000.00).
Formatted: Font. 9 pt, Bold
11 -
Seat P41b .; October 15, 2009. All drafts shall be provided to all parties hereto. All
parties will agree to diligently negotiate, finalize and approve all identified agreements
by November 20, 2009.
7. Legal Status, Good Faith Negotiations: All parties hefe4Ghereto agree and
acknowledge that this MOU does not commit the parties to approve and execute the
agreements contained herein; however, the parties acknowledge that significant effort
will be incurred by each of the parties hereto to negotiate and finalize the contemplated
agreements and that each party shall use good faith efforts to negotiate and finalize
such agreements in accordance with the terms contained herein.
- - ------ -- -_ -_ -- _
Formatted: Font: Not Bold
This Memorandum of Understanding is approved, adopted and executed by the Formatted: Left Indent Left 0.5", space
After: 10 pt, Line spacing: Multiple 1.15 II
parties:
Town of Avon
By: Attest:_
Brian Sipes, Mayor Pro -Tenn
Town Clerk
Traer Creek -RP, LLC
By: Attest:
Stone Creek Charter School
By: Attest:
By: Attest:
l�agie Diver mater and Sanitation District
Traer Creek Metropolitan District
By
M
Attest:
Patty McKenny,
Formatted: Font: 9 pt, Bold
Subject: FW: Revised MOU
From: Rich Carroll [mailto:richcarrol14@comcast.net]
Sent: Wednesday, September 09, 2009 9:29 PM
To: 'Michael Lindholm'; Marcus Lindholm; Dan Leary; Dennis Gelvin; 'Russell Molina - Email'; Larry Brooks; Eric Heil
Email; Brian Sipes Remote email; Buz Reynolds
Subject: Revised MOU
Attached is an updated MOU 9-9-09 and a comparison to the previous version dated 8-19-09.
Here are notes on the changes and our telephone conference call:
Larry Brooks, Buz Reynolds, Rich Carroll and Eric Heil participated on behalf of the Town of Avon,
Dennis Gelvin participated on behalf of ERWSD and UERWA, and Russ Molina participated on behalf
of Stone Creek Charter School.
Paragraph 4 was amended to include suggested language from Dennis Gelvin.
Dates were amended to reflect the current timeframe. Grammar changes were made for consistency.
Additional items include:
• Avon believes that if grants are awarded, then the substitute site would need to be prepared,
delivered and ready for occupancy by Spring, 2010.
• If the grant funding is not awarded, then Avon and Stone Creek could negotiate a lease
extension directly between themselves.
If the grant funding is not awarded this fall, there is a potential that significant grant funds could
still be awarded to Avon through 2010.
A temporary staging site is not a permitted use, therefore, the property owner TC-RP would
need to submit an application to amend the Village at Avon PUD Guide to permit temporary
uses, or at least this use.
We need to indentify if TCMD or TC-RP would be the primary party contracting with a
contractor. The required process to obtain permits would need to be identified.
The costs incurred for in Paragraph 2 for preparing the various agreements is estimated to be
$5,000 based on the Town of Avon's expected expenses.
The timeframe for a "Notice to Proceed" and requirement to extend utilities may need to take
into account seasonal difficulties.
Since time is of the essence for Stone Creek Charter School we look forward to a speedy approval of
this document.
Thank You
proceed by the Town of Avon. SCCS will agree to release any claim on the water taps
purchased for the Staging Site after payment. SCCS shall also pay to TC-RP all costs
associated with extension of utilities and shall make such funds available within five (5)
business days of receiving a notice to proceed by the Town of Avon.
3. TC-RP Obligations and Representations: TC-RP will agree to lease the
Staging Site to Avon in accordance with terms consistent with this MOU. The water
taps purchased for the Staging Site will run with the property. TC-RP will acknowledge
that the water taps purchased and installed for the Staging Site shall only be available
for use by Avon for the Staging Site purposes and will agree that such water taps
cannot be used until such time that the requirement to build a water storage tank
imposed by UERWA is satisfied. TC-RP will agree to submit a formal amendment
application to the Village at Avon PUD by September 30, 2009 to obtain (1) approval of
the Staging Site use as a permitted use in Planning Area N, and/or (2) approval of
amendments to the Village at Avon PUD Guide regulations that establish a process and
criteria for reviewing and acting on applications for temporary uses. TC-RP will agree to
provide a license to TCMD to enter the Staging Site for the purpose of installing utility
extensions necessary to serve the Staging Site.
4. UERWA Obligations and Representations: UERWA will allow connection of
the Staging Site for water service upon payment of the appropriate Plant Investment
Fee and satisfaction of conditions customary to receive water service in the Town of
Avon. The water service will be used by Avon for a public works temporary staging
area (including materials storage, vehicle parking and offices) until July 31, 2014.
UERWA will not allow any other use of the water service connection until the water
storage tank required by UERWA is constructed. UERWA will agree that after a water
storage tank is completed, then the property used for the Staging Site shall be entitled
to a credit for the amount previously paid for a Plant Investment Fee for the Staging
Site.
5. TCMD Obligations and Representations: TCMD will agree to allow the
extension of utilities and other improvements in easement areas owned by TCMD for
the purpose of improving the Staging Site. TCMD agrees to obtain permits for the
extension of utilities within the roadway easement areas and cause the completion of
such extension of utilities for the Staging Site within sixty (60) days of receiving a notice
to proceed from Avon.
6. Obligations of All Parties: The parties acknowledge that time is of the essence
and that a draft of the lease extension between Avon and SCCS will be prepared by
October 15, 2009; a draft of the Staging Site lease between Avon and TC-RP will be
prepared by October 15, 2009; a draft of an agreement between UERWA, TC-RP and
Avon will be prepared by October 15, 2009; and a draft of any required agreements with
TCMD will be prepared by October 15, 2009. All drafts shall be provided to all parties
hereto. All parties will agree to diligently negotiate, finalize and approve all identified
agreements by November 20, 2009.
September 9, 2009
`
| This Memorandum of Understanding ("[NOU") is entered into on
_____ 2009 by and between the Town ofAvon, aCo|orado Home Rule municipal
corporation ("Avon"), Tneer Cnaek— RP. LLC (^TC-RP"), Stone Creek Charter School
("SCC8^). Upper Eagle Regional Water Authority ("UERVVAl. Eagle River Water and
� ndTnuer Creek Metropolitan District ("TCMD^).
RECITAL
SCCS desires to extend the current lease for Lot 5. Filing 1. Village cd Avon Final
Plat for the next several years. Avon needs ho use approximately four acres of land for
staging purposes for the construction of a regional bus maintenance facility. TC'RPhao
expressed an interest in leasing land to the Avon to provide a "substitute public works
staging area." In order to use such temporary substitute public works staging onae.
UERYVAvmsuldw0 need to provide water service and vmauldwil| need to conditionally
waive the current requirement for Lot 1, Filing I of the Village at Avon to build a water
storage tank. Improvement to o substitute public works staging area onTC-RP property
*e*ekdwil{ require extension of utilities in the easement areas provided to TCK8O,
including but not limited to water service from URERWA. sewer service from Eagle
. a|eothu and natural gas. Due to the
complexity of the fonegoing, the parties desire to determine the basic terms and
u||000tiun of responsibilities with this K8OU to promote the efficient and expeditious
preparation of documents necessary to implement this transaction.
1. Contingent upon securing asuitable
four (4) acre site, orsites ("StagingSite"). for the purpose of temporary staging for a
public works project until July 31, 2014, Avon wetAdwill agree to extend the SCCS lease
until July 31. 2014. A suitable site es-R[ouldbe one ormore locations within Planning
Area N or RMF-1, Village at Avon, adjacent to Swift Gulch Road. Avon w4uwwill review
and approve any extension of utilities to verify that they are adequate and appropriate to
serve the Staging Site. Avon wm�w@ reclaim the Staging Site to the reasonable
satisfaction nfTC-RP. Avon vwG64dw0 cap or disconnect any utilities upon vacating the
site. Avon and TC-RP wouWwill enter into a binding lease agreement with TC-RP which
includes terms regarding environmental testing and remediotion for any hazardous
materials generated, tnynoportad, stored or released on the Staging Site during the
occupancy of such land by Avon. Avon vwGLAdkwiX agree to release any claim to any
improvements to the Staging Site and not seek any coot reimbursement from TC-RP.
Avon will agree to maintain erosion control on the Staging Site. Avon will agree to
indemnify TC'RP from liability arising from Town's actions and activities on the Staging
Site. Avon will agree to waive all permit fees 0000ciohad with the extension of utilities to
serve the Staging Site.
2. SCCS will agree to pay for direct
costs required to prepare the Staging Site for use by Avon (estimated to be $50,000.00)
and for costs incurred in preparing the various agreements (estimated to be $5,000.00).
Formatted: Font: 9 pt, Bold
| 2000. All drafts shall be provided to all parties hereto. All
parties will agree to diligently negotiate, finalize and approve all identified agreements
by November 2U.2OOQ.
| 7. All parties heF&Ashere10 agree and
acknowledge that this K8OU does not commit the parties to approve and execute the
agreements contained herein; however, the parties acknowledge that significant effort
will be incurred by each of the parties hereto to negotiate and finalize the contemplated
agreements and that each party shall use good faith efforts to negotiate and finalize
such agreements in accordance with the terms contained herein.
^
This Memorandum of Understanding is approved, adopted and executed by the
By: Attest:
Potty MuKenny,
Town Clerk
TruerCreeh4RP.LLC
Attest:
Stone Creek Charter School
Attest:
Upper Eagle River Water Authority
LEaAle River Water and Sanitation District
TmaerCraek Metropolitan O{ethot
Formatted: Font: Not Bold
Formatted: Left, Indent: Left: 0.5", Space
After: 10 pt, Line spacing: Multiple 1.15 li
Formatted: Font: 9 pt, Bold
Page 1Of2
Pnft/McKenmy '
From: Cynthia Forstmann [cynthio@ywhteedgeinc.con] `
Sent Fhday, February OQ, 2007 10:58 AM
To: pattyN1oKenny
Co: ismiscio@earth|inkoet;'JaneTrombetto';'SantanieUo.John';'SuottondLauriaLid.dicK,
kevin5280@msn.com;dbreda@oenturybainet;e|iab_rubio@hobnoiicom `
Subject: RE: School Materials Coming
importance: High
Attachments: SCE contact infodm� SCS Demographicadmc; `
Edwards. Excavating. Restoration.SCE. Site. pdf; Nortex. Letter. of. Credit. pd f-, SCS Fundraising
Lettar2IO7dou ,
`
Hi Patty,
Attached are:
1) The Board Contacts and Committee Responsibilities — this is an updated list which includes our personal
and new school email addresses.
�
2) The Demographic Information requested `
3) The Nortex Letter of Credit for building removal (provided previously) ^
4) The Restoration Estimate from Edwards Excavating (provided previously)
5) A Fundraising Letter that has gone out to the School Community describing efforts todate
8) The Stone Creek Financial Package — the Nortex Payment Schedule is included as part of these
budgets. (| believe this is due tn Larry and Scott, but necessarily the Counnii)
|am working ho obtain on agreement with Summit Plumbing later today to avoid issues against the property. We
will be working on our actual presentation over the next several days. As you might imagine, the situation
changes daily.
Please feel free to contact me if you need anything additional.
Regards,
Cynthia
Cynthia Forstmann
Write Edge Communications
Make your message matter
(Q7O)328-O78G—office
(Q7O)3QO-3841—mobile
From: Patty McKenny[maiko:PMckenny@ovon.org]
Sent: FrNay, February 09, 2007 8:48 AM
Avon
29%
Cordillera
1%
Eagle
9%
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Edwards
38%
Gypsum
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Wolcott
2%
100%
,�
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29%
Cordillera
1%
Eagle
9%
Eagle Vail
13%
Edwards
38%
Gypsum
8%
Vail
1 %
Wolcott
2%
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9:49 AM Stone Creek School
02/05/07 Balance Sheet
Accrual Basis As of January 31, 2007
Jan 31, 07
ASSETS
Current Assets
Checking /Savings
1001 • Operating Account
29,226.33
1100 • Payroll Account
39,146.16
1150 • Millennium Money Market
10,068.73
r-~
D�,,,
Total Checking /Savings
78,441.22
C� -�C
Other Current Assets
1310 - Employee & trustee receivables
4,000.00
1460 - Deposits
1463 - Holy Cross Deposit
4,600.00
1464 • Damage Deposit
1,000.00
Q
Total 1460 - Deposits
5,600.00
Total Other Current Assets
9,600.00
Total Current Assets
88,041.22
Fixed Assets
1640 • Furniture, fixtures, & equip
30,241.98
CL
1700 • Building
1701 • Nortex Modular
1,300,785.37
1702 - Construction Costs
305,406.88
Total 1700 - Building
1,606,192.25
Total Fixed Assets
1,636,434.23
Other Assets
1950 • Fund held in trust by others
1951 • Town of Avon Bond
250,000.00
Total 1950 • Fund held in trust by others
250,000.00
1990 • Loan Fees
1991 • Wells Fargo
1,100.00
1992. Millennium Bank
1,526.00
Total 1990 - Loan Fees
2,626.00
Total Other Assets
252,626.00
TOTAL ASSETS
1,977,101.45
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
0200 • Benefits
12,587.40
0300 - Purchased Property Services
369,742.68
0400 • Other Purchased Services
6,538.88
0500 • Supplies
2,603.50
0600 • Equipment
13,312.00
0700 • Other Expenses
18,814.91
0800 • Curriculum
45,429.21
Total Accounts Payable
469,028.58 -�
Other Current Liabilities
1400. Millennium Bank
250,000.00
2100 - Payroll Liabilities
2101 • Employee PERA
30,683.57
2106 • 403(b) Payable
- 2,222.83
Total 2100 - Payroll Liabilities
28,460.74
2130 • Accrued payroll taxes
2131 • Employer PERA
7,668.70
Total 2130 • Accrued payroll taxes
7,668.70
Page 1
9:49 AM
02/05/07
Accrual Basis
it
Stone Creek School
Balance Sheet
As of January 31, 2007
2550 • State of Colorado payable
Total Other Current Liabilities
Total Current Liabilities
Long Term Liabilities
1300 • Wells Fargo
Total Long Term Liabilities
Total Liabilities
Equity
Net Income
Total Equity
TOTAL LIABILITIES & EQUITY
2 (PC) K- It � � I �
Jan 31, 07
191,430.04
477,559.48
946,588.06
1,219,664.29
1,219,664.29
2,166,252.35
-189,150.90
-189,150.90
1,977,101.45
- 4 �
-� 4 � *j",- - � Cf
Page 2
9 :48 AM Stone Creek School
02/05107 Profit & Loss
Accrual Basis July 2006 through January 2007
Ordinary Income /Expense
Jul'06 - Jan 07
- 3,467.87
3,467.87
0.00
- 1,577.28
2,325.31
748.03
- 14,212.00
15,337.00
1,125.00
6,325.90
8,198.93
21,51 O.00
468.22
515,186.29
545,363.44
31,650.75
435.00
53.85
2,083.86
1,916.10
21,200.00
2,689.24
5,160.87
128.85
416.00
1,040.07
108.30
6,595.73
2,018.91
15,180.08
3,515.67
2,506.05
98.94
136.09
1,595.00
529.98
3,291.72
5,685.00
274.38
50,833.27
4,217.16
4,470.09
843.21
419,009.05
9,269.87
4,462.00
21,631.54
1,240.30
455,612.76
Page 1
Income
1101 • Miscellaneous
1101A • Book Fair
1101B • Costs
1101A • Book Fair - Other
Total 1101A • Book Fair
1101C • Holiday Fair
F...
1101D • Costs
L.1, �
1101C • Holiday Fair - Other
Total 1101C • Holiday Fair
►rQ.
1101E • Ski Program
.�.. �.c.,,
1101F • Costs
1101E • Ski Program Other
-
Total 1101E • Ski Program
1101 • Miscellaneous -Other
Total 1101 • Miscellaneous
1102 • Kindergarten Tuition
Lij
1103 Reimbursements
[�
(�
1104 State of Colorado
Total Income
Expense
0201 • Health /Dental Benefits
0205 • Flex Account
0206 • Life AD &D
0301 • Disposal Services
0302 • Repair and Maintenance Services
0303 • Lease /Land Building
0305 • Water /Sewer
0307 • Electricity
0308 • Alarm Monitoring
0402 • Professional Development
0403 • Special Education Services
0404 • Postage
0405 • Advertising
0409 • Telephone
0410 • Liability Insurance
0501 • Supplies- Classroom
0502 • Supplies -Office
0503 • Supplies- Maintenance
0504 • Supplies- Nursing
0701 • Dues and Fees
0702•Lodging Expenses
0703 • Teacher Reimbursements
0704 • Faculty Passes
0705 • Bank Charges
0801 • Textbooks
0802 • Specials
0900 • Misc Exp
6560 • Payroll Expenses
7200 • Salaries & related expenses
7220 • Salaries & wages - other
7230 • PERA contributions
7240 Workers Compensation Insurance
7250 Payroll taxes
7255 Payroll Fees
Total 7200 • Salaries & related expenses
Jul'06 - Jan 07
- 3,467.87
3,467.87
0.00
- 1,577.28
2,325.31
748.03
- 14,212.00
15,337.00
1,125.00
6,325.90
8,198.93
21,51 O.00
468.22
515,186.29
545,363.44
31,650.75
435.00
53.85
2,083.86
1,916.10
21,200.00
2,689.24
5,160.87
128.85
416.00
1,040.07
108.30
6,595.73
2,018.91
15,180.08
3,515.67
2,506.05
98.94
136.09
1,595.00
529.98
3,291.72
5,685.00
274.38
50,833.27
4,217.16
4,470.09
843.21
419,009.05
9,269.87
4,462.00
21,631.54
1,240.30
455,612.76
Page 1
9:48 AM Stone Creek School
02/05/07 Profit & Loss
Accrual Basis July 2006 through January 2007
Jul '06 -Jan 07
44,339.33
24,500.00
693,126.26
- 147,762.82
68.73
68.73
68.73
41,456.81
41,456.81
41,456.81
- 41,388.08
- 189,150.90
Page 2
8000 • Miscellaneous Disbursements
8050 • Hammer Reimbursements
Total Expense
Net Ordinary Income
Other Income /Expense
CD
Other Income
Q Z2!::
6950 - Interest Income
6951 • Millennium Bank
Total 6950 - Interest Income
0
Total Other Income
Other Expense
®
9500 • Iterest Expense
9501 • Wells Fargo
Total 9500 - Iterest Expense
QTotal
Other Expense
Cl— C)
Net Other Income
Net Income
Jul '06 -Jan 07
44,339.33
24,500.00
693,126.26
- 147,762.82
68.73
68.73
68.73
41,456.81
41,456.81
41,456.81
- 41,388.08
- 189,150.90
Page 2
9:56 AM
02/05107
Stone Creek School
A/P Aging Summary
As of February 5, 2007
Page 1
Current
1-30
31 -60
61-90
> 90
TOTAL
A -Peak Inc
0.00
0.00
0.00
0.00
1,484.00
1,484.00
Aetna Inc
7,186.60
- 12,557.70
5,400.80
0.00
0.00
29.70
America's Foundation for Chess National
0.00
0.00
0.00
0.00
1,200.00
1,200.00
Arroyo Engineering
0.00
0.00
0.00
0.00
4,580.00
4,580.00
CMI Multiverse, Inc
0.00
0.00
0.00
5,932.00
0.00
5,932.00
Core Knowledge
0.00
0.00
0.00
0.00
3,078.87
3,078.87
CSAP Practice Manuals
0.00
0.00
231.00
0.00
0.00
231.00
Dave Peterson Electric
0.00
0.00
0.00
0.00
41,343.00
41,343.00
Drexel Supply Company
0.00
0.00
0.00
2,074.00
0.00
2,074.00
Eagle Vail Glass & Mirror
0.00
0.00
0.00
0.00
531.15
531.15
Edwards Excavating Inc
0.00
0.00
0.00
30,715.00
63,622.50
94,337.50
Elam Construction
0.00
0.00
38,585.00
0.00
0.00
38,585.00
ERWSD
0.00
- 383.56
978.88
411.74
563.56
1,570.62
Harcourt Education
0.00
0.00
0.00
0.00
9,078.38
9,078.38
HI- Cranes
0.00
0.00
0.00
0.00
187.50
187.50
Holy Cross Energy
0.00
1,991.55
- 1,284.26
1,264.26
0.00
1,971.55
Houghton Mifflin
0.00
416.28
0.00
0.00
750.96
1,167.24
HP Geotech
0.00
0.00
0.00
257.50
0.00
257.50
Ingenuity Works
0.00
0.00
0.00
0.00
2,136.50
2,136.50
Inn and Suites at Riverwalk
0.00
0.00
0.00
0.00
839.18
839.18
Juan Duarte
0.00
0.00
0.00
0.00
120.00
120.00
McGraw Hill Education
0.00
4,840.44
0.00
1,405.42
15,439.41
21,685.27
MECH ONE Inc
0.00
0.00
0.00
0.00
18,851.20
18,851.20
National School Products
0.00
0.00
371.23
0.00
0.00
371.23
Nortex Modular
1,369.23
- 3,856.47
1,248.01
5,331.00
123,556.00
127,647.77
Pearson Education
0.00
0.00
0.00
0.00
5,645.15
5,645.15
Pikes Peak Boces
0.00
0.00
0.00
0.00
1,016.00
1,016.00
Pinnacol Assurance
0.00
0.00
1,474.00
782.00
0.00
2,256.00
Plath Construction, Inc
0.00
0.00
0.00
5,766.00
0.00
5,766.00
Precision Construction West
0.00
0.00
0.00
0.00
2,564.56
2,564.56
Premier School Agendas
0.00
0.00
0.00
0.00
99.00
99.00
Qwest
174.69
- 1,146.51
429.60
524.97
58377
566.52
Sean Stever
0.00
0.00
- 402.00
0.00
0.00
- 402.00
Shurley English
0.00
0.00
0.00
0.00
2,492.07
2,492.07
Summit Plumbing & Heating, LLC
0.00
0.00
0.00
10,718.21
0.00
10,718.21
The Hartford
0.00
2,581.98
1,506.65
0.00
0.00
4,088.63
Trees of Colorado
0.00
0.00
0.00
0.00
2,808.40
2,808.40
UniLink
0.00
0.00
12,096.00
0.00
0.00
12,096.00
Vail Cascade
0.00
0.00
0.00
200.00
0.00
200.00
Vail Daily
0.00
0.00
720.29
83.46
2,306.13
3,109.88
Vail Electronics
0.00
1.35
30.00
67.50
0.00
98.85
Vail Honeywagon
0.00
161.00
225.00
495.36
952.50
1,833.86
Vail Jazz Foundation
0.00
0.00
0.00
0.00
368.00
368.00
Vail Resorts
0.00
0.00
14,212.00
0.00
0.00
14,212.00
TOTAL
8,730.52
- 7,951.64
75,822.20
66,028.42
306,197.79
448,827.29
Page 1
From: oynthia [cynthia@whteedgeinc.00m]
Sent: Thursday, January 25.2OO77:17AM
To: cynthio@wrbeadgeino.com; Patty W1oKenny
Co: Larry Brooks
Subject: Re: Matter before Avon Town Council
Attachments: Avon Town Council —vereion4.ppt
W,
Avon Tow
mnd| — version4.
Dear Patty and Larry,
Thanks for spending the time visiting with Stone Creek School on Wednesday. VVe are encouraged by the open dialogue.
Per your request:
-Attached are the slides from our presentation.
-Our Treasurer is Kevin Rendei He can be reached at(3O3)475-8138or and kevin528O@msn.00m
-| will get you the Nodax payment schedule ea soon aapossible.
-We are in the process of compiling other information requests from the meeting, to send in short order, including:
1 Contact information for all Board Members 2. Committee Lists and responsibilities.
3. Demographic study as to where students live/economic stature 4. Number of students who use TOA public
a�-
transportation 5. Bids that indicate estimates for restoration of land 6 Letter from Nodex indicating guarantee to remove
" modu|ars
Other items that we are following uponinclude:
-SCS will contact Traer Creek/Magnus Lindholm to request 3 more years to the TOA on current site they use for dumping A
snow that would run contiguous with our new lease.
A review our lease regarding other options for providing a "guarantee" for restoration of property.
-Our Expansion Committee will be ready to provide a report on February 13th related to prospective permanent locations A
and exit strategies.
-Our Expansion and Finance Committees will provide a flow chart with anticipated annual student growth at that meeting. �41
-Our Fund Raising Committee will provide reports on upcoming events.
Please feel free to contact me with any additional questions orconcerns.
Regends,
Cynthia Forstmann
328'O786
3QO-3841
---------- Original Message
From: "Patty MoKenny'<PK8ckenny@avonorg>
Date: Wed, 24 Jan 2OO7 14:10:51 -0700
>Thank you for your presentation yesterday.
>Staff will be evaluating the request made by the Stone Creek Elementary
>School Board members. In order to fully understand the situation, we
>may request a few items or require further conversations with some of
>your board members.
> Please confirm, if you would, the Board member who serves as the
>Treasurer and provide a phone number that he is acceptable with us
>calling in case we have questions.
>As well, we would like to request an electronic copy of your PowerPoint
> presentation and a copy of the payment schedule for the modular
>facility. Please forward as soon as possible so that we may begin to
>prepare our materials for the meeting on February 13th.
>Thank you for your time.
>Patty McKenny
>Town of Avon -- Town Clerk
>PO Box 975
>Avon, CO 81620
>(970) 748 -4035
>Fax (970) 949 -9139
>pmckenny @avon.org
►I
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To: Honorable Mayor and Town Cound 7
From: Larry Brooks, Town Manager
Date: February 8, 2007
4;11
Regarding: Resolution 07-01, Series of 2007, Amendment to Lease Agreement
between Stone Creek Elementary School and the Town of Avon
Summary: Since the inception of the lease agreement entered into between the Town of
Avon and Stone Creek Elementary this past July, there seems to have been confusion
about the full extent of obligations set forth therein. In recent months it has become apparent
that the school would benefit from some adjustments to this lease. Specifically, they have
asked for the Town to reconsider the term of the lease ( beyond one year), the amount of
the restoration bond for the site ( a reduction of the current $250,000 ), the payment of the
tap fees for the site, and a reduction of the annual lease rate.
We believe that with the current information, the Town can logically accommodate a portion
of the request without jeopardizing the security for the site or our fiduciary responsibility to
the community. We are therefore recommending that a First Amendment to Stone Creek
Elementary School Lease between Town of Avon And Stone Creek Elementary.
Previous Council Action: The Town Council previously approved the current lease
agreement in June of 2006 for a one year term from July 1,2006 and ending June 30,2007.
On November 28, 2006, Bill Hammer was on the agenda in behalf of the school to request
that the Town pay the tap fees for the property. The council expressed some concern about
the progress in finding a permanent site. The council also requested a meeting of the entire
board to discuss the broader issues of the short and longer term business plan of the
school. On January 23d, the Council met with entire School Board, including recently seated
members to complete the body. At this meeting the board made their full request to the
council, and staff was directed to make recommendations regarding the request at the next
regularly scheduled meeting of February 13th, 2007.
It should also be noted that the school received a list of deliverables as follows:
1. Contact information for all board members
2. Committee lists and responsibilities
3. Demographic data as to where students live/ economic status
4. Number of students who use TOA public transportation
5. Bids that indicate restoration of land
6. Letter from Nortex for bid on modular removal
a
a Page 3 February 8, 2007
Alternatives: The council could choose to alter or reject any of the specific
recommendations and approve an amendment accordingly, or reject the recommendation
altogether.
Proposed Motion: I move to approve Resolution 07 -01, series of 2007, A resolution
approving amendments to a lease between the Town and Stone Creek Elementary.
Exhibit 1 Stone Creek Elementary School Lease
Exhibit 2 First Amendment To Stone Creek Elementary School Lease
STATE OF COLORADO
ss.
COUNTY OF EAGLE )
Subscribed and sworn to before me on this _'day of 2007,
by Ronald C. Wolfe as Mayor and Patty McKenny as Town Clerk of the Town of Avon.
Witness my hand and official seal.
My Commission expires:
Notary Public
termination of this lease. The School, as tenant, shall retain no rights to sewer or
water service arising from the payment of this fee upon termination of the
tenancy. A table reflecting the various tap fees owed is attached hereto as Exhibit
Except as expressly amended or modified herein, all other terms and provisions of
the Stone Creek Elementary School Lease Between Town of Avon and Stone Creek
Elementary remain unchanged and in full force and effect.
STONE CREEK ELEMENTARY SCHOOL
In
TOWN OF AVON
0
ATTEST:
I CA I t.Y I Yj %-I 16 III jy , I V-11 `, 11: 11i
VA'VVW •
Ronald C. Wolfe, Mayor
ss.
COUNTY OF EAGLE
Subscribed and sworn to before me on this day of _, 2007,
by as President of Stone Creek Elementary School, a Colorado
nonprofit corporation.
Witness my hand and official sea].
My Commission expires:
Notary Public
M
STONE CREEK ELEMENTARY SCHOOL LEASE
BETWEEN
TOWN OF AVON AND STONE CREEK ELEMENTARY
1. PARTIES. The parties to this Lease are the TOWN OF AVON, COLORADO
(Town), a Colorado municipal corporation, and STONE CREEK ELEMENTARY
(School-), a Colorado Nonprofit Corporation.
2. PURPOSE AND AUTHORITY. The parties enter into this Lease for the benefit of
the School for the education of the children of Eagle County. C.R.S. § 31 -I5-
713(1)(c) grants to the Town the right to enter into this Lease.
3. PREMISES. The Town hereby leases to the School the surface rights for the
property described as Lot 5. The Village at Avon. Filling I (Premises)., situated in the
Town of Avon. Colorado. Attached as Exhibit A is a schematic map depleting the
building, parking lot, playground, utillilltles and other Improvements, all of which
shall have the prior approval of the Town staff. Attached as Exhibit B are elevations
of the building including depiction of its exterior construction.
4. COVENANT OF QUIET ENJOYMENT. The Town warrants that it owns the
Premises in fee simple; that the property is clear and clear of all liens and
encumbrances,- and that it has the full right and authority to enter into this Lease. The
Town warrants that the School shall enjoy the possession and use of the Premises In
peace and without disturbance or interfierence.
S. TERM OF LEASE. This Lease shall commence on July 1. 2006 and shall continue
lbra period of one year, ending June 31. 2007. The Premises are cui,i-eiitlyiji use by
the Town for sno,,N, storage and in the future will be a permanent public works site.
During the term of this Lease and for the term of this Lease. the Town will enter Into
a lease with Traer Creak RP. LLC for a replacement site described as a part of Tract
B, The Village (at Avon), Filing 3. Upon termination of that lease, the Town will
have an immediate need for the premises which is recognized by the School. This
Lease will therefore not be renewed or extended for any reason. The School will
inform Its teachers.
. parents and students of this provision and will actively discourage
them from any efforts, whether before the Town's council or in the press. seeking
extension or renewal of this Lease. The School will provide the Town with quarterly
written reports describing its efforts at locating a permanent site.
6. RENT. The School shall pay rent of TWENTY-ONE THOUSAND TWO
HUNDRED Dollars ($21,200) per year. $5.000 of which shall be due and payable on
the first day of the Lease. and the balance of which shall be due and payable on
October 15, 2006. The School shall also pay any real property taxes assessed acainst
t7
the Premises and anv additional insurance costs incurred by the Town.
W'2 All liability insurance required of the School shall include tile T»nm as
-~ an additional insured and sbo}) include u ^'eiou requiring the insurer to give
the Town thirty (3[A days notice prior ba cancellation.
0'3 Certificates of insurance issued by the insurer shall be filed bvthe School with
the Town within ]0 days aftcrthe date of this Lease in executed bv the School.
9. PROPERTY INSURANCE. The School shall obtain and maintain during the tern-1
of the Lease and any renewal period, property insurance inan amount equal 1our
greater than the current appraised vu|oc of the school buildings and other
irnprovccocn1a ou the Premises to insure said improvements with respect tu fizc. Dood,
and other typical local hazards. and certificates of such insurance issued by the
insurer obul| be filed by the School with the Tmvvo within lO days after tile date of
completion uf the building and other improvements. The School aaTeex that ifuoyor
all of said iroprnvcrocuts are damaged or destroyed. said damage shall hcprnnnpt|I
repaired or replacement irnproverocn1s promptly erected on the Premises by the
School, applying thereto any insurance payments received by it-, providcd, however.
that if said damage or destruction exceeds 50% of the current appraised value of said
icnprmrcrneota. the School sbu]] be required to repair o/replace said improvements
only io the event b is reasonable u1 that time for it 1n continue operating o school on
the Premises.
10. UTILITIES. The School shall be responsible for all utilities furnished ihrtile
Premises.
D. MAINTENANCE' The School shall keep and maintain the Premises. indodinp-
making repairs
as necessm7at Its sole cost and expense. The School shall be responsible for snow
rcozoru| at is sole cost and ezpcouc.
12. IMPROVEMENTS. The School oiov, with consent of the Town staff and ut its sole
cost and expense. u1 any time and from time to time rnukc such alterations. chun�uy.
replacernents, improvements and additions to the Premises and the buildings and
irnprovcrocutadhcrcon as it may deem dooirab]e, including the demolition of any
building, improvement. and/or structure that now or hereafter may be situate or
erected on the Prconiycs. provided that the use of the Premises as o school she is uo|
thereby permanently terminated or abandoned., not- curtailed for a period of time
longer than reasonably required to effect such alterations.. changes, replacements,
improvements, or additions.
13. LIENS. The School shall not suffer orpermit o |icu to be asserted or filed against tbc
Premises arising out o its operations oractivities. lfu lien is asserted or filed against
the 9rcoziseu,the School shall promptly cause the lien 1ohcremoved. Upon failure (o
do so. the Town rnay satisfy and cause the lien 10 be removed and the School o-urees
to reimburse the Town on demand for the costs and expenses of any site]] proceeding
`.`
28. PARAGRAPH CAPTIONS. The captions ^ the paragraphs are set forth only for
convenience and reference, and are not intended in an v way to define, limit, or
describe the scope or intent ofthis Looac.
Zl. ADDITIONAL DOCUMENTS OylACTION. The parties agree to execute any
additional documents and to take any additional action necessary to carry out this
I.cusc.
22' INTEGRATION AND AMENDMENT. This Lease represents the entire ugrcnouen1
between the parties and there are no oral or collateral o�rccoco1 or understand I
This Lease may be amended only by an instrument in writing sioned by the parties.
B. MW THIRD PARTY BENEFICIARIES. None of the terms, conditions m
covenants set forth ioddo Lease obu]i 'vcur allow any claim, benefit nr right of
action br any third person not upudy to this Lease. Any person other than the parties
to this Lease who or which receive services or benefits under this Lease sbuD be only
uo incidental bcocficiuzy.
24. GOVERNING LAW. This Lease shall bcdeerncdio have been made in the State o[
.^
Colorado, shall be construed under the laws of the State of Colorado and shall be
binding upon and inure tothe benefit of the successors and assigns o{ the parties to
this Lease.
25. IMMUNITIES PRESERVED. bis the intention o[ the parties that this Lease shall
not be construed as a contractual waiver of any h-ninunities or defenses provided by
the Colorado Govunonao{n) lzonouoj{y Act. 8 24']0-10] o| scg, Colorado Revised
Statutes.
26. DATE. / VJLJ— 2006
STONE CREEK ELEMENTARY SCHOOL
TOWN OF AVON
Ronald C. Wolfe. Mayor
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EN�
TO: Honorable Mayor and Town Council
FROM, Elizabeth Fierce'Ou|ance, Assistant Town Attorney
DATE: November 2O.2OOB
RE� Stone Creek Elementary School Lease — First Amendment (Tap
At a meeting held on November 14.2OOU. the Council voted toamend its
property lease with Stone Creek Elementary School ("School") 10 reflect the
I own of Avon's vviUinoness and sgreennsntio pay a $1O.4OO.00 water tap fee, as
requested by the BChOo[ while retaining all the rights and privileges associated
with that purchase, Specifically, Councilor Ferraro moved to amend the lease
between the Town of Avon and Stone Creek Elementary School to provide that
the Town will pay the Z,10.400 tap fee and that the tap stays with the property
and is credited 10 the Tomn's property upon Stone Creek's departure of the
premises, Councilor �ipee seconded the motion and it passed with afouFto-tvvo
vote (Underwood and McDevitt nav).
Attached therefore is a proposed Lease annendrne01, reflecting the
1-011,,'N OF AVON
RESOLU110N 06-
A RESOLUTION APPROVING AN A)VENDAMEEN'T 1"0 A
LEASE j3L_1'WJ,-_F_'N 1-HE TOW% 399 »ƒ0@£ CPF-_EE
E-L Y_AJ EENTARY SCHOOL
� IAEJUAS. Sione Creek Elemen wry School has requemed dm Me Tqwn pay or
-ili , ("Lo
,vnive iap iee�s on As behalf as ienani o££% 5. Ile Villye al Avon. 1 1117 ] 1 yƒ and
VVYIEREASAhe Town A widbg io pay Mai CCU do reiah-Ang ro itseRand for Kc
2l-eln3CS,111 IhC Fi(211TS811CI prj« flez,7,es purchased thereby:
N '
0 . TI-IEREF E. OR BE IT RESOLVFD:
_\V
E An Anicnicin-jeni U) Me Scluml Upse. a copy of N hich amendn-jeni is filed uAll
the ininuics of ilds meeling. is hereby appro\!ed.
ADOPTEiD al a re26 ar m §oyofMeTown Council of Me Town of Avon Me 281h,
day of Novonber 2006
Ronal(] C. Wolfe, ",I«yr
ATTEST:
Pany McKenny. Town Cluk
�
I TARY SCHOOL LEASE
BET-WEEN! TOWN, N, AN STONE CREEK ELF.-MENITARY
_QFA V 0 � _,D S
A lease of property entered into bete -een the TOWN, OF AVON. COLORADO
('1mvii) and STONE- on June 1-33. 2006-9s evidenced
by the Nvrillen ].ease attached hereto as Exhibit 1. is hereby- munWed to replace in its
entirety paragraph 10 of the written Lease with the following agreement:
10. UTILIIIIES The School shah he responsible for all utilities furnished for the
pivinises, with the following exception: the Town shall pay a Town of Avon water tal ?
fee in the amount of 510.400 Clhe fcc"),. which fee shah either be paid directly by the
Town to the Eagle River Water and Saniiation Disirici or reimbursed by the Tov,-n to the
School if already paid. The Town shall pay this fee on the agreement and understanding
that all rights and privileges purchased by payrnm of the fee "Ill belong Wely to the
Town as owner of the properly 10 be used for my purpose "Hunever as the Imn sees
fit it the termination of As lease. The School. as tenant. shall retain no righis to sewer or
water service arising from the palmiem of this fee upon termination of the tenancy. A
table reflecting the various iap fees owed by the School as tenant of the property.
including the Town of Avon "awr lap fee referred 10 herein. is attached hereto and shall
now constitme Exhibit C to the Lease.
ENcepI as expresMy amended or modified herein. all other lerms and Imnisions of
I)-,c ``tone C,,-cch 1-:1 em cm ary School Lzme Bet"men Town of A"m, and done Creck
-
l7lcmj(�:ntal-N remain unchantr ,ed �md in full force and effect.
ATTEST:
STONTE CREEK t LEME�N TARY SCI-1001-
IN:
TOVA OF NVOIN
IN:
Ronald C. NVolfe. flavor
P,gliN- NIcKenny. Tmvn Clerk
STATE OF COLORADO
CO UNNT Y O£ E A G I - E
Subscrihed and s«om lo he NT me on As W of .2006
hv as Presidem of gone Creek ElenwMa& ScToF a Coloradc
11011profil corporalion.
Witness niv hand and official sea].
My Commission cxpires:
Mary Pubic
STATE OF COLORADO
GOUN,TY OF EAGLE
Suhschhed and pim-n io before me on As day of . 2006
hv RonAd C. Aid? as Wq (y and My Bkrle XkKcnn»as -1 own clerk of Te I own of
AM.
Williess mv hand and offilcial sea],
My Commission expires:
Mary Pubic
I
1-Ji M I I*
To: Honorable Mayor and Town Council
Thru: Larry Brooks, Town Manager
From: Norman Wood, Town Engineer
Date: November 9, 2006
Re: Stone Creek Charter School - Request for Waiver of Tap Fees
The Village (at Avon) Filing 1, Lot 5
Summary: Bill flan-irrier representing the Stone Creek Charter School has requested
that the Town of Avon xvalive or pay all water and sanitary sewer related tap fees associated
with temporary school facility located on Lot 5. His request is based on, the School is leasing
the site from the Town and as such the Town should be responsible for providing utilities.
Paragraph 10 of the "Stone Creek Elementary School Lease Between Town of Avon and
Stone Creek Elementary" (Exhibit A) states, "The School shall be responsible for all utilities
furnished for the premises." This condition in the Lease is consistent with status of current
plans and use of the site. The Town has been using this site for snow storage and has no
in-unediate or specific plans for other uses on the site. The 2007 Capital Projects Fund Budget
includes ncludes development of a Master Plan Development for the Swift Gulch Public Works Site
and the Village Lot 5 Site. That Master Plan may well define a specific use and development
time traine for Lot 5 which would also help determine future water and sanitary sewer
requirements for the property. Payment of Tap Fees prior to having a development plan and
schedule is premature and likely a poor investment.
It has also been implied that the Town of Avon is the recipient of at least some of these Fees
and as such the Town should not be collecting Tap Fees in addition to the Lease payment.
The attached Stone Creek Charier School Tap Fee Breakdown (Exhibit B) includes a Table
showing how much of the Tap Fee Revenues are retained by each applicable entity. It should
be noted that the Town of Avon retains NONE of the S 46,377 in associated Tap Fees for a I -
inch water service on this site.
One alternative is to follow- the agreement as written and the Charter School is responsible for
all Tap Fees required for then- use.
L.EnLineentiL Aron Vi I lape�2_0 Filing I Loi 5 Tap Fee,%Ienio-I.Doc I
Recommendation: Authorize preparation of an Amendment to the Stone
Creek Elementary School Lease Between Town of Avon and Stone Creek Elementary to:
1. Provide that the Town will pay the Base Water Tap Fee for a I -inch water service tap
and the water tap will remain with the property.
2. Allow the School to make arrangements with other applicable entities to transfer all
other water and sewer related tap fee payments and rights to the future location of the school
as may be applicable.
Alternatives: Leave Stone Creek Elementary School Lease Between Town of Avon
and Stone Creek Elementary as it exists with the provision that, "The School shall be
responsible for all utilities furnished for the Premises."
Proposed Motion: I move to authorize preparation of an Amendment to the Stone
Creek Elementary School Lease Between Town of Avon and Stone Creek Elementary to:
1. Provide that the Town will pay the Base Water Tap Fee for a I -inch water service tap
and the water tap will remain with the property.
2. Allow the School to make arrangements with other applicable entities to transfer all
other water and sewer related tap fee payments and rights to the future location of the school
as may be applicable.
Town Manager. Comments:
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Attachements:
Exhibit "A" Stone Creek Elementary School Lease Between Town of Avon and Sf6r�e_
Creek Elenientai-,,
Exhibit "B" Table 1: Stone Creek Charter School Tap Fee Breakdown
Exhibit "C" First Amendment to Water Service and Tap Fee Allocation Agreement
Exhibit "D" Traer Creek Metropolitan District Letter Waiving 1 -inch Incremental Sewer
Tap Fee and Water Development Fee for One Year for Stone Creek
Elementary
E.-,,JubIt "E" Lease Agreement Bet-\veen The Town of Avon and Traer Creek RPILC
1:EneineennLAxon Vfliage2.0 Filing I lot 5 Tap Fee Memo- I Doc 3
STONE CREEK ELEMENTARY SCHOOL LEASE
BETWEEN
TOWN OF AVON AND STONE CREEK ELEMENTARY
PARTIES. The parties to this Lease are the TOWN OF AVON, COLORADO
(Town), a Colorado municipal corporation, and STONE CREEK ELEMENTARY
(School), a Colorado Nonprofit Corporation.
PURPOSE AND AUTHORITY. The parties enter into this Lease for the benefit of
the School for the education of the children of Eagle County. C.R.S. § 31-15 -
713(1)(c) grants to the Town the right to enter into this Lease,
3. PREMISES. The Town hereby leases to the School the surface rights for the
property described as Lot 5, The Village at Avon, Filing 1 (Premises), situated in the
Town of Avon, Colorado. Attached as Exhibit A is a schematic map depicting the
building, parking lot, playground, utililities and other improvements, all of which
shall have the prior approval of the Town staff. Attached as Exhibit B are elevations
of the building including depiction of its exterior construction.
COVENANT OF QUIET ENJOYMENT. The Town warrants that it owns the
Premises in fee simple: that the property is clear and clear of all liens and
encumbrances and that it has the full right and authority to enter into this Lease. The
Town warrants that the School shall enjoy the possession and use of the Premises in
peace and without disturbance or interference.
5. TERM OF LEASE. This Lease shall commence on July 1, 2006 and shall continue
for a period of one year. ending June 31.2007. The Premises are currently in use by
the Town for snow storage and in the future will be a permanent public works site.
During the term of this Lease and for the term of this Lease, the Town will enter into
a lease with Traer Creak RP, LLC for a replacement site described as a part of Tract
B. The Village (ni Avon). Filing 3. Upon termination of that lease, the Town will
have an immediate need for the premises which is recognized by the School. This
Lease will therefore not be renewed or extended for any reason. The School will
inform its teachers, parents and students of this provision and will actively discourage
them from nnv efforts, whether before the Town's council or in the press, seeking
extension or renewal of this Lease. The School will provide the Town with quarterly
written reports describing its efforts at locating a permanent site.
6. RENT. The School shall pay rent of TWENTY -ONE THOUSAND TWO
HUNDRED Dollars ($2 1,200) per year. 55,000 of which shall be due and payable on
the first day of the Lease, and the balance of which shall be due and payable on
October 15. 2006_ The School shall also pay any real property taxes assessed against
the Premises and .-env additional insurance costs incurred by the Town.
a
8.2 All general I lability insurance required of the School shall include the Town as
t
an addition:ii insured and shall include a provision requiring the insurer to give
the To-ovii thirty (30) days notice prior to cancellation.
8.3 Certificates of insurance Issued by the insurer shall be filed by the School with
the Town within 10 days after the date of this Lease is executed by the School.
9. PROPERTY INSUJtANCE. The School shall obtain and maintain during the term
of the Lease and renewal period.
property insurance in an amount equal to or
greater than the c_ : i-ont appraised value of the school buildings and other
improvements on !I ic Premises to insure said improvements with respect to fire, flood,
and other typical local hazards, and certificates of'such insurance issued by the
insurer shall be F!I - 1 by the School with the Town within 10 days after the date of
completion of the building and other improvements. The School agrees that if any or
all of said impro,,--,,,-,iits are damaged or destroyed, said damage shall be promptly
repaired or replace- L,111 improvements promptly erected on the Premises by the
School, applyinLl ,i*eto any insurance payments received by it; provided, however,
that if said damn(-- ni- des-,ruction exceeds 50% of the current appraised value of said
improvements. OiL, �'chool shall be required to repair or replace said improvements
only in the even reasonable pit that time for it to continue operating a school on
the Premises.
10. UTILITIES. T!, drool shall be responsible for all utilities furnished for the
Premises.
11. MAINTENAN( The School shall 1<eep and maintain the Premises., including
improvements ar �,Lyetatlon, In ;1 Liood clean and healthful condition, making repairs
as necessary at it, :c cost and expense. The School shall be responsible for sno"N,
removal at is solc , st and expense.
12. IMPROVEIVIEN
cost and expense.
replacements. I'll,
improvements Il
building, impi-o,,
erected on the P!,
thereby permane:
longer than rens
improvements. o
.. -' - I I
The School imiy, with consent of the Town staff and at its sole
.-inv time and fi-oni time to time n1al<e such alterations, changes.
cements and additions to the Premises and the buildings and
11 as it may (item desirable. including the demolition of any
"lt, and /or StRICU11-C that now or hereafter may be situate or
provided that the use of the Premises as a school site is not
terminated or abandoned, nor curtailed for a period of time
ly required ir c!-Fect such alterations, changes, replacements,
,�itiolls.
13. LIENS. The Si, shall not sul`cr (-)r poi-nilt -,I lien to be asserted or filed against the
Premises arisML, if its operati. -,I- activities. If a lien is asserted or filed against
the Premises. fli� pool shall prol�ipdv cause the lien to be removed. Upon failure to
do so. the To-,vii satisfy and - raise the lien to be removed and the School agrees
to reimburse the n on dciii-inl ' !C1, the costs and expenses of any such proceeding.
W
20. PARAGRAPH CAPTIONS. T',,e captions of the paragraphs are set forth only for
convenience and -,ference, and a. e not intended in any way to define, limit, or
describe the sco,,- -: or intent of t! 1's Lease.
21. ADDITIONAL i)OCUMENTS OR ACTION. The parties agree to execute any
additional docuii- nts and to take :,tiiv additional action necessary to carry out this
Lease.
22. INTEGRATIO-- AND A1\IE3\'1')1FNT- This Lease represents the entire agreement
between the part s and there are , o or collateral agreements or understandings.
This Lease may i e amended on],, in instrument in writing signed by the parties.
23. NO THIRD PA!TY BENEFP"'.%,'1lF-S. None oftheterins, conditions or
covenants set form in this Lease rail give or allow any claim, benefit or right of
action by any thin 1 person not a; -�nriy to this Lease. Any person other than the parties
to this Lease AA+ )r which rece- F,1-,!-,'ices or benefits under this Lease shall be only
an incidental be!- aciary.
24. GOVERNING LAW. This Lc,.s shall be deemed to have been made in the State of
Colorado, shall I- � construed uj-' l'-,o 1_n\,s of the State of Colorado and shall be
binding upon an,, inure to the b�; :-- of the successors and assigns of the parties to
this Lease.
25. MINI UNITIES ZESERVEI). die intention of the parties that this Lease shall
not be construed s a contractu.i� cr of any immunities or defenses provided by
the Colorado Go, rnmental lim Act. S 24-10-101 et seq.. Colorado Revised
Statutes.
26. DATE. \J F f 2006
)�T- CREEK ELEMENTARY SCHOOL
OF AVON
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THIS AGREEMENT is made and entered into this(g.� day of 1999, by
and between the EAGLE -VAIL METROPOLITAN DISTRICT, a quasi - municipal corporation
and political subdivision of the State of Colorado (the "District "), the TOWN OF AVON, a
Colorado municipal corporation ( "Avon'), and EMD LIMITED LIABILITY COMPANY, a
Colorado limited liability company, PVRT NOTT I LLC, a Colorado limited liability company,
PVRT NOTT II LLC, a Colorado linuted liability company, and PVRT NOTT III LLC, a
Colorado limited liability company (hereinafter collectively referred to as "EMD LLC "). The
UPPER EAGLE REGIONAL WATER AUTHORITY (the "Authority "), a quasi - municipal
corporation and political subdivision of the State of Colorado, agrees to be bound by the terms
and provisions of this Agreement as though a party to the Agreement to the extent obligated by
its terms and conditions.
A. WHEREAS, EMD LLC and the District entered into a water service agreement
(the "Water Service Agreement ") dated May 15, 1997, and agreed to by the Authority, by which
the District and the Authority agreed to provide water service to property owned by EMD LLC,
pursuant to the terms and conditions contained therein;
B. WHEREAS, EMD LLC is the owner of approximately 1,789 acres in Eagle
County, Colorado, which land is more specifically described in the Water Service Agreement
(the "Property ");
C. WHEREAS, Avon and the District are Contracting Districts, as that tern is used
and defined in the Water Service Agreement, and pursuant to an Intergovernmental Agreement
entered into by participating districts, dated September 18, 1984, and one of the functions or
services to be provided by the Authority is the provision of treated water to the Contracting
Districts, their inhabitants and others;
D. WHEREAS, the Property is situated such that either Avon or the District, in
conjunction with the Authority, is capable of providing water service to the planned development
on the Property;
E. WHEREAS, the Property has recently been annexed into Avon and EMD LLC
and Avon now desire that Avon take over the responsibilities and obligations of the District as
set forth in the Water Service Agreement;
F. NN'HEREAS. EMD LLC and the District also entered into an agreement dated
May 15, 1997 regarding the sharing of tap fees (the "Tap Fee Agreement "); and
ItjO377
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E. Ilse of Water L ines. The District agrees to allow EMD LLC and Avon to
use or enlarge any of its water lines If reasonably necessary to provide water service to the
Property and if such use or enlargement will not prevent the District from being able to provide
water service to its residents.
F. The last sentence of paragraph 1(b) of the Water Service Agreement is
amended in Its entirety to read as follows:
The Authority and Avon acknowledge that EMD LLC will depend
upon the water supplied under this Agreement for all of its potable
water supply needs, except that EMD LLC may, with the consent
of Avon and the Authority, which consent shall not be
unreasonably withheld, supply its own potable water to the lots
described as Lots 56 to 96, The Village (at Avon), according to the
PUD/Sketch Plan approved by Avon. EMI) LLC agrees that if
such lots are served by individual wells, appropriate fire
suppression facilities, as determined by Avon's fire chief pursuant
to applicable regulations in effect from time to time and applied on
a uniform and nondiscriminatory basis shall be included in
residences constructed on those lots. Moreover, if such lots are
served by individual wells and the wells subsequently fall, the
parties hereto acknowledge and agree that neither Avon or the
Authority shall have any obligation to extend water lines to
affected portions of the Property.
G. in paragraph 2(a) change "950,000 sq. ft. of commercial" to "650,000 sq.
ft. of commercial." At the end of paragraph 2(a) the following shall be added:
Nothing in this Agreement shall be construed to create any
agreement or obligation on the part of Avon to provide or
contribute water rights or water storage rights to the Autho rity or to
EMD LLC for water service to the Property or the Additional
Property other than or in addition to those water rights and water
storage rights described on Exhibit D of this Agreement.
H. Paragraph 2(b) shall be amended in its entirety to read as follows:
EMD LLC agrees to lease without cost to Avon for sublease
without cost to the Authority, which sublease is hereby consented
to, a portion of the water rights described in Exhibit D attached
hereto, sufficient to replace the consumptive use associated with
development of the Property as ultimately decreed by the Water
Court. In no event shall the consumptive use of development on
the Property exceed the historic consumptive use of the water
rights described in Exhibit D as determined by the Water Court.
Any excess consumptive use credits quantified in the Water Case
-3-
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M. Paragraph 7(a) shall be amended to add the following two sentences at the
end of the paragraph:
The application filed in Case No. 97CW306 did not include the
Additional Property, but EMD LLC may, through a separate
application, seek to amend the augmentation plan or file a new
plan to replace depletions associated with the Additional Property.
Avon agrees to and approves the application as filed in Case
No. 97CW306, subject to the final decree reflecting water service
being provided by Avon and the Authority (rather than the District
and the Authority) consistent with this Agreement.
N, Delete paragraph 9.
O. Paragraph 10 shall be amended in its entirety to read as follows:
ServiccIc? Addi Tonal PLQpertv. EMD LLC or its affiliates awn an
additional 175.5 acres located adjacent to the Property in a portion
of the N1 /2 of Section 10, T. 5 S., R. 81 W. of the 6th P.M. (the
"Additional Property "). The Additional Property is further
described on Exhibit F attached hereto. In the event EMD LLC, its
affiliates or successors elect to obtain water or fire service for the
Additional Property in the future, such service shall be provided on
the same basis as service to Avon's customers, provided that the
Additional Property shall pay 1) for water, an amount equal to the
cost of service plus the estimated mill levy attributable to water
service for which such property would be responsible if it were a
part of Avon, and 2) for fire protection, an amount equal to the
estimated mill leery attributable to fire service for which such
property would be responsible if it were a part of Avon. EMD
LLC agrees that if the Additional Property is to be served by
individual wells, appropriate fire suppression facilities , as
determined by Avon's fire chief pursuant to applicable regulations
in effect from time to time and applied on a uniform and
nondiscriminatory basis shall be included in structures constructed
on the Additional Property. Moreover, if the Additional Property
is served by individual wells and the wells subsequently fail, the
parties hereto acknowledge and agree that neither Avon or the
Authority shall have any obligation to extend water lines to
affected portions of the Additional Property. Tap fee allocations
shall be on the same basis as for the Property, itself.
-5-
Ili 0377
4. Except as expressly amended or modified herein, all other terms and provisions of
the Water Service Agreement and Tap Fee Agreement remain unchanged and in full force and
effect.
Itio f
Executed as of the date first set forth above.
EAGLE -VAIL METROPOLITAN DISTRICT, a
quasi - municipal corporation of the State of
Colorado
By: �� X? Title:
EMD LIMITED LIABILITY COMPANY, a
Colorado limited liability company
By:f
Title:
PVRT NOTT I LLC, a Colorado limited liability
company
By:
Title:
-7-
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C,
AML
STATE OF COLORADO
ss.
COUNTY OF
The foregoing First Amendment to W ter Service and Tap Fee Allocation Agreement was
acknowledged before me this 'ZZ- day of y 1999, by as
`�.A of the Town of Avon, a municipal corporation of the State of Colorado.
------ _ -'.,-Mycommission expires
Witness my hand and official seal.
rir
N19t
-ST-TAT -E-OF COLORADO
ss.
COUNTY OF o)ojj-,9- —
The foregoing First Amendment to Water Service and Tap Fee Allocation Agreement was
acknowledged before me this 4-01 day of 1999; by M YL!!:r as
of each of EMD Limited Liability Company, PVRT NOTT I LLC-
I I
PVRT NOT 11 LLC,. and PVRT NOTT III LLC, each of which are a Colorado limited liability
company.
My commission expires �-Cn�L
Witness my hand and official seal.
ltj0377
Notary/
M
Traer Creek Metropolitan Disstrict
October 23, 2006
Eagle River Water and Sanitation District
846 Forest Road
Vail CO 81658
Dear Sir or Madam:
This letter will serve as notice to the Eagle River and Sanitation District that the following tap fees have
been waived for one year for Stone Creek Elementary.
Village at Avon/Traer Creek Incremental Sewer Tap Fee (1" Meter) $3,921.00
Village at Avon/Traer Creek Water Development Fee (1" Meter) $5,200.00
You may call me if you have any questions.
Sincerely,
Dan Leary
President
Traer Creek Metropolitan District
I'✓
LEASE AGREEMENT
THIS LEASE AGREEMENT (this "Agreement "), made effective as of the 1sT day of
July, 2006 ( "Effective Date'), is among TRAER CREEK RP, LLC, a Colorado limited liability
company ( "Landlord ") and the TOWN OF AVON, a municipal corporation of the State of
Colorado ( "Town" OR "Tenant").
RECITALS
A. WHEREAS, Landlord is the owner of that certain real property, laiown as Tract
B. The Village (at Avon) Filing 3, according to the plat thereof recorded June 29, 2004 at
Reception No. 882176 of the Eagle County, Colorado real property records. Such Tract is also
informally known as Planning Area NT South on the Village (at Avon) PUD Development Sketch
Plan.
B. NAIIIEREAS, Landlord desires to lease 4.0 acres of the 5.765 parcel, known as
Tract B (or Planning Area N South), to Tenant, as more specifically set forth in the attached map
hereto and incorporated herein as Exhibit "A" ( "the Premises "). Whereas Landlord further
desires to grant Tenant access to the Premises as more specifically set forth in Exhibit "A."
C. WHEREAS, Tenant desires to lease the Premises for a period of one year for
snow. equipment and vehicle storage.
D. WHEREAS, Landlord has agreed to allow Tenant to use the Premises for snow,
equipment and vehicle storage, subject to the terms of this Agreement.
AGREEMENT
NOW. THEREFORE. in consideration of the sum of Ten ($10.00) Dollars, and other
good and valuable consideration paid by Tenant, the receipt of which is hereby acknowledged,
the parties agree as follows:
1. Grant of Lease to Tenant: Subject to the terms, covenants and conditions set forth in
this Agreement, Landlord hereby leases the Premises to Tenant, and its employees, contractors,
agents and invitees, to use and possess the Premises during the Term of this Agreement for
storage of snow.. equipment and vehicles. Landlord further grants to Tenant access to the
Premises as specifically set forth in Exhibit A. Tenant shall use the Premises only for the
purposes described in this Agreement.
2. Term of Lease: The term of this lease (the "Term ") shall commence on the Effective
Date hereof and terminate at 11:59 pan. MST on the 365`x' day following the Effective Date.
_. Additional Obligations,
(a) Tenant shall. at its sole cost and expense, promptly comply with all applicable
1av,s_ rules and regulations relating to the Premises. Tenant shall further be Obligated to comply
with all environmental laws. federal and state rules and regulations and ordinances as it would
8. Landlord Access to Premises: Landlord and its agents, upon reasonable notice to
Tenant, shall have the right to enter the Premises at all times to examine them, to show the
Premises to prospective purchasers, mortgagees, lenders or others, and to make and perform such
maintenance or repairs as Landlord may deem necessary or desirable; on the condition that
Landlord shall use all reasonable efforts to minimize interference with the Tenant's operations.
Further, absent a formal assignment of this Agreement, any new owner of the Premises shall also
have the right of entry.
9. Assignment and Subletting:
(a) Tenant shall not assign, convey, mortgage, hypothecate or encumber its rights
in this Agreement at any time during the Term hereof without the prior written consent of
Landlord.
(b) Landlord may assign, convey. mortgage. hypothecate or encumber its rights
and obligations in the Premises at any time during the Term hereof without the prior written
consent of Tenant.
10. Indemnity:
(a) To the full extent allowed by law, Tenant shall indemnify, defend and hold
harmless Landlord, its subsidiaries and affiliates. and their respective agents, officers, directors,
servants and employees of and from any and all costs, expenses (including without limitation
reasonable attorneys' fees), 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, which damage, loss or injury is caused by the breach
of this lease or the willful misconduct or negligent acts, errors or omissions of Tenant, its
subcontractors or any person directly or indirectly employed by them, or any of them, while
engaged in any activity on or associated with the Premises.
(b) To the full extent allowed by lav,7. Landlord shall indemnify, defend and
hold harmless Tenant, its agents. officers, directors and employees of and from any and all costs,
expenses (including without limitation reasonable attorneys' fees), liability, claims, liens,
demands. actions and causes of action whatsoever arising out of or related to any loss. cast.
damage or injure, including death of any person, or damage to property of any kind. which
damage, loss or injury, is caused by the breach of this lease or the willful misconduct or negligent
acts. errors or omissions of Landlord, its subcontractors or any person directly or indirectly
employed by them, Traer Creels Metropolitan District, or any of them; while engaged in any
activity on or associated with the Premises.
11, Default: If either party neglects or fails to perform or observe any of the terms or
covenants herein contained to be performed or observed by that pasty, and that defaulting party
fails to remedy such default within ten (10) days after receiving written notice specifying such
neglect or failure (or within such period, if any, as may be reasonably required to cure such
default if it is of such nature that it cannot be cured within such I O -day period, provided that the
defaulting party commences to remedy such default vvitliin such ten -day period and proceeds
With reasonable diligence thereafter to cure such default). that party, shall be declared in default
of this Agreement.
through or under the Mortgagee to the end that this Lease and the possession of the Premises by
Tenant shall not be disturbed or affected by reason of such foreclosure. In lieu of the non -
disturbance provision being contained in the mortgage, such provision can be contained in a
separate non - disturbance agreement delivered by such mortgagee to Tenant which agreement
Tenant shall promptly execute upon request.
(b) This clause shall be self - operative and no further instrument of subordination
shall be required by any mortgagee, affecting any lease or the real property of which the
Premises are a part. In confirmation of such subordination, Tenant shall execute promptly any
certificate that Landlord may request.
17. Notice: Any notice, demand or communication which either party may desire or be
required to give to the other party shall be in writing and shall be deemed sufficiently given or
rendered if delivered personally or sent by first class United States mail, postage prepaid,
addressed as follows:
If to LANDLORD: Traer Creek RP, LLC
P.O. Box 9429
322 E. Beaver Creek Blvd.
Avon, Colorado 81620
If to TENANT: Town of Avon
P.O. Box 975
400 Benchmark Road
Avon, CO 81620
Either party shall have the right to designate in writing, served as provided above, a different
address to which any notice, demand or communication is to be mailed.
18. Certificates: Landlord and Tenant shall, without charge, at any time and from time
to time. within ten (10) days after request by the other, execute, acknowledge and deliver an
estoppel certificate containing such information as the party requesting the same may reasonably
request.
19. Paragraph Headings: Paragraph or other headings contained in this Agreement are
for referenced purposes only and are not intended to affect in any way the meaning or
interpretation of this Agreement.
20. Binding Effect: This Agreement will not be binding on or constitute evidence of a
contract between the parties until such time as it has been executed by each party and an original
thereof delivered to each other- party to this Agreement and Ratification has occurred.
21. Additional Documentation: At all times, the parties hereto agree to execute and
deliver, or to cause to be executed and delivered, such documents and to do; or cause to be done,
such other acts and things as might reasonably be required in order to confirm or effectuate the
pro- ,,isioils of this Agreement.
0
TRAER CREEK RP, LLC,
a Colorado limited liability company
a
Na
Tit
TOWN OF AVON,
a municipal corporation of the State of Colorado
By. Z a (:::�
Name: ",RD /mo C' Goo e-
Title: �1�r 1�1
;� I
JtM1
`t'�f�JJjjf� L
7
If"— Honorable Mayor and Town Council
hru: Larry Brooks, Town Manager
From: Norman Wood, Town Engineer
Date: November 9, 2006
Re: Stone Creek Charter School - Request for Waiver of Tap Fees
The Village (at Avon) Filing 1, Lot 5
Summary: Bill Hammer representing the Stone .Creek Charter School has requested
that the Town of Avon waive or pay all water and sanitary sewer related tap fees associated
with temporary school facility located on Lot 5. His request is based on, the School is leasing
the site from the Town and as such the Town should be responsible for providing utilities.
Paragraph 10 of the "Stone Creek Elementary School Lease Between Town of Avon and
Stone Creek Elementary" (Exhibit A) states, "The School shall be responsible for all utilities
furnished for the premises." This condition in the Lease is consistent with status of current
plans and use of the site. The Town has been using this site for snow storage and has no
immediate or specific plans for other uses on the site. The 2007 Capital Projects Fund Budget
includes development of a Master Plan Development for the Swift Gulch Public Works Site
and the Village Lot 5 Site. That Master Plan may well define a specific use and development
time frame for Lot 5 which would also help determine future water and sanitary sewer
requirements for the property. Payment of Tap Fees prior to having a development plan and
schedule is premature and likely a poor investment.
It has also been implied that the Town of Avon is the recipient of at least some of these Fees
and as such the Town should not be collecting Tap Fees in addition to the Lease payment.
The attached Stone Creek Charter School Tap Fee Breakdown (Exhibit B) includes a Table
showing how much of the Tap Fee Revenues are retained by each applicable entity. It should
be noted that the Town of Avon retains NONE of the $ 46,377 in associated Tap Fees for a I -
inch water service on this site.
One alterative is to follow the agreement as written and the Charter School is responsible for
all Tap Fees required for their use.
]AEngineenng\Avo7 Village2.0 Filing I \Lot 5`vTap Fee Memo -].Doc
a
A second alternative that Council may wish to consider is to amend the Lease Agreement to:
1) Reimburse the Charter School for the base water Tap Fee ($10,400) for a 1 -inch Tap.
This Tap would remain with the property and we would have a pre -paid ]-inch Tap that
would be available to the Town for use with future site development. This Fee would be
forwarded to Traer Creek Metropolitan District which in turn is obligated to forward 20%
(52,080) to Eagle -Vail Metropolitan District per Paragraph 3. A., B. and C. in the "First
Amendment to Water Service and Tap Fee Allocation Agreement" (Exhibit C) between
Eagle -Vail Metropolitan District, Town of Avon, EMD Limited Liability Company (Traer
Creek Metropolitan District) and the Upper Eagle Regional Water Authority.
2) Stone Creek Charter School finalizes agreements with other applicable entities for
deferred payments for remainder of Fees. These Fees would be credited to the school and
could be applied to the new school location as applicable. Traer Creek Metropolitan District
has agreed to waive The Villager (at Avon) Incremental Sewer Tap Fee (I -inch meter
53,921.00) and Water Development Fee (1 -inch meter 55,200.00) for one -year for Stone
Creek Elementary School per attached letter (Exhibit D). This Fee, if paid, would only be
transferable to a new school location if it were located somewhere in The Village (at Avon).
Eagle River Water and Sanitation District sewer tap fees should be transferable to any other
location within the boundaries of the District and the Upper Eagle River Regional Water
Authority plant investment fees should be transferable to any location within the boundaries
of the Authority.
With this arrangement the Town would prepay for a 1 -inch water- service tap that would
remain with the site but will be unused for an indefinite period of time. The Charter School
would make deferred payments on the remainder of the water and sewer related tap fees and
would receive credit for all fees paid if they locate to another site within The Village. If it
relocates to an area outside The Village but within the Boundaries of ERW &SD and the
UERWA they would receive credit for all fees paid with the exception of deferred fees paid to
the Traer Creek Metropolitan District
Due to the highly sensitive nature of this issue we recommend the Council follow the above
second alternative and propose an Amendment to the Stone Creek Elementary School Lease
Between Town of Avon and Stone Creek Elementary to:
1. Provide that the Town will pay the Base Water Tap Fee for a 1 -inch water service tap
and the water tap will remain with the property.
2. Allow the School to make arrangements with other applicable entities to transfer all
other water and sewer related tap fee payments and rights to the future location of the school
as may be applicable.
1: \Eneineenne\.Avon Village`2.0 Filing ] Lot 5Crap Fee Memo -1.Doc 2
Recommendation: Authorize preparation of an Amendment to the Stone
Creek Elementary School Lease Between Town of Avon and Stone Creek Elementary to:
1. Provide that the Town will pay the Base Water Tap Fee for a 1 -inch water service tap
and the water tap will remain with the property.
2. Allow the School to make arrangements with other applicable entities to transfer all
other water and sewer related tap fee payments and rights to the future location of the school
as may be applicable.
Alternatives: Leave Stone Creek Elementary School Lease Between Town of Avon
and Stone Creek Elementary as it exists with the provision that, "The School shall be
responsible for all utilities famished for the Premises."
Proposed Motion: I move to authorize preparation of an Amendment to the Stone
Creek Elementary School Lease Between Town of Avon and Stone Creek Elementary to:
1. Provide that the Town will pay the Base Water Tap Fee for a 1 -inch water service tap
and the water tap will remain with the property.
2. Allow the School to make arrangements with other applicable entities to transfer all
other water and sewer related tap fee payments and rights to the future location of the school
as may be applicable.
Town Manager, Comments:
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Attachements: C
Exhibit "A" Stone Creek Elementary School Lease Between Town of Avon and Sro
Creek Elementary
Exhibit "B" Table 1: Stone Creek Charter School Tap Fee Breakdown
Exhibit "C" First Amendment to Water Service and Tap Fee Allocation Agreement
Exhibit "D" Traer Creek Metropolitan District Letter Waiving 1 -inch Incremental Sewer
Tap Fee and Water Development Fee for One Year for Stone Creek
Eleirientary
Exhibit "E" Lease Agreement Between The Town of Avon and Traer Creek RP,LLC
L'IneineemiLnAvon Villave,22.0 Filing I \Lci 5\Tap Fee Memo-I.Doc 3
TOWN OF AVON, COLORADO
RESOLUTION 06-30
SERIES OF 2006
A RESOLUTION APPROVING A LEASE BETWEEN THE
TOWN AND STONE CREEK ELEMENTARY SCHOOL
WHEREAS, Stone Creek Elementary School has requested that the Town enter into
a STONE CREEK ELEMENTARY SCHOOL LEASE BETWEEN TOWN OF AVON AND
STONE CREEK ELEMENTARY ("the School Lease ") whereby the Town will lease Lot 5, The
Village at Avon, Filing I ("Lot 5"), to Stone Creek Elementary for a term from July 1, 2006, to
June 31, 2007; and
WHEREAS, Lot 5 is currently designated as a public works site pursuant to the
Annexation and Development Agreement for The Village (at Avon); and
WHEREAS, by Resolution No, 06-29 the Town Council approved a LICENSE
AGREEMENT between the Town and Traer Creek RP, LLC to provide to the Town an alternative
public works site during the term of the School Lease,;
NOW, THEREFORE, BE IT RESOLVED:
The School Lease, a copy of which is filed with the minutes of this meeting, is
hereby approved.
2. All action heretofore taken by the officers ofthe Town of Avon relating to the
same is hereby ratified, approved and confirmed.
3. This Resolution is contingent upon the adoption of Resolution No. 06-29.
ADOPTED at a regular meeting of the Town Council of the Town of Avon the 13th
day of June, 2006.
Ronald C. Wolfe, Mayor
A T T �T:
S E A 1,
P p y Mc rul To'.
Mctenny.. To
B
STONE CREEK ELEMENTARY SCHOOL LEASE
BETWEEN
TOWN OF AVON AND STONE CREEK ELEMENTARY
1. PARTIES. The parties to this Lease are the TOWN OF AVON, COLORADO
(Town), a Colorado municipal corporation, and STONE CREEK ELEMENTARY
(School), a Colorado Nonprofit Corporation.
2. PURPOSE AND AUTHORITY. The parties enter into this Lease for the benefit of
the School for the education of the children of Eagle County. C.R.S. § 31-15 -
713(1)(e) grants to the Town the right to enter Into this Lease.
3. PREMISES. The Town hereby leases to the School the surface rights for the
property described as Lot 5, The Village at Avon, Filing I (Premises), situated in the
Town of Avon, Colorado. Attached as Exhibit A is a schematic map depicting the
building, parking lot, playground, utililities and other improvements,
all of which
shall have the prior approval of the ToNvii staff. Attached as Exhibit B are elevations
of the building including depiction of its exterior construction.
4. COVENANT OF QUIET ENJOYMENT. The Town warrants that it owns the
Premises in fee simple: that the property is clear and clear of all liens and
encumbrances; and that it has the full right and authority to enter into this Lease. The
Town warrants that the School shall enjoy the possession and use of the Premises in
peace and without disturbance or interference.
5. TERM OF LEASE. This Lease shall commence on July It 2006 and shall continue
for a period of one year. ending June 31. 1. 2007. The Premises are currently in use by
the Town for s1loW, storage and in the future will be a permanent public works site.
During the term of this Lease and for the term of this Lease, the Town will enter into
a lease with Traer Creak RP.. LLC for a replacement site described as a part of Traci
B, The Village (at Avon), Filing 3. Upon termination of that lease, the Town will
have an immediate need for the premises which is recognized by the School. This
Lease will therefore not be renewed or extended for any reason. The School will
inform its teachers. parents and students of this provision and will actively discourage
them from anv efforts, whether before the Town's council or in the press, seeking
extension or renewal of this Lease. The School will provide the Town with quarterly
written reports describing its efforts at locating a permanent site.
6. RENT. The School shall pay rent of TWENTY-ONE THOUSAND TWO
HUNDRED Dollars ($21,200) per year, $5,000 of which shall be due and payable on
the first day of the Lease., and the balance of which shall be due and payable on
October 15. 2006. The Schnn] shall also pay any real property taxes assessed against
the Premises and -im, additional insurance costs incurred by the Town.
7. OBLIGATIONS OF THE SCHOOL.
7.1 Use Restriction. The School shall use the Premises only for school purposes
and in compliance with any and all restrictions contained in its Charter and
state law, any and all restrictions contained in the approval of a special review
use by the Town and any and all restrictions contained in the approval of the
The Village Design Review Board. The School shall establish and maintain an
outreach program for "at- risk" children and shall provide evidence thereof to
the Town along with quarterly reports as to the success of that program. Any
non - scholastic use of the Premises shall have the prior approval of the Town
staff. In the event the School persists in using the Premises for a purpose other
than school purposes in violation of this Lease or violates the restrictions as
aforesaid, the Town may terminate this Lease by giving prior written notice of
the violation. The School shall then cease using the Premises for the remainder
of the term.
7.2 Right to Cure. Upon receipt of a notice of violation or presumption of
abandonment, the School shall have the right to cure such violation within 10
days of such notice before the Town may terminate the School's leasehold
interest for violation or initiate a civil action in the District Court for Eagle
County, Colorado.
7.3 Purchase of Improvements. When this Lease is terminated, the School shall
remove any and all improvements that it may have erected on the Premises and
restore said premises to essentially the same condition which existed at the
inception of this Lease, to the satisfaction of the Town. The School shall
provide a restoration bond in the amount of $250,000, in the form of cash,
letter of credit or other security acceptable to the Town in its sole discretion, to
guarantee its compliance with this Subparagraph.
8. INDEMNIFICATION AND LIABILITY INSURANCE. To the extent permitted
by law, the School shall indemnify and ]seep harmless the Town from: 1) any
expense incurred by the Town in entering into and performing this Lease; 2) any and
all losses, damages, charges or claims arising out of the operation of a school facility
on Town property, including without limitation from any violations of The Village
Design Review Board and Town approvals, the School's Charter or state law ; 3) any
and all losses, damages, charges or claims resulting from personal injury death or
property damages occurring on the Premises: and 4) any costs, including attorney's
fees, whether of the Town Attorney or other attorneys, relating to 2) through 4)
above.
8.1 The School shall place and maintain at all times, at its sole expense, a general
liability insurance policy with respect to the Premises in which the limits of
liability shall be not less two million dollars ($2,000,000) for each occurrence
and with an annual aggregate coverage of not less than five million
($5,000,000).
8.2 All general liability insurance required of the School shall include the Town as
an additional insured and shall include a provision requiring the insurer to give
the Town thirty (30) days notice prior to cancellation.
8.3 Certificates of insurance issued by the insurer shall be filed by the School with
the Town within 10 days after the date of this Lease is executed by the School.
4. PROPERTY INSURANCE. The School shall obtain and maintain during the term
of the Lease and any renewal period, property insurance in an amount equal to or
greater than the current appraised value of the school buildings and other
improvements on the Premises to insure said improvements with respect to fire, flood,
and other typical local hazards, and certificates of such insurance issued by the
insurer shall be filed by the School with the Town within 10 days after the date of
completion of the building and other improvements. The School agrees that if any or
all of said improvements are damaged or destroyed, said damage shall be promptly
repaired or replacement improvements promptly erected on the Premises by the
School, applying thereto any insurance payments received by it; provided, however,
that if said damage or destruction exceeds 50% of the current appraised value of said
improvements. the School shall be required to repair or replace said improvements
only in the event it is reasonable at that time for it to continue operating a school on
the Premises.
10. UTILITIES. The School shall be responsible for all utilities furnished for the
Premises.
11. MAINTENANCE. The School shall keep and maintain the Premises, including
improvements and vegetation, in a good clean and healthful condition, malting repairs
as necessary at its sole cost and expense. The School shall be responsible for snow
removal at is sole cost and expense.
12. IMPROVEMENTS. The School may, with consent of the Town staff and at its sole
cost and expense, at any time and from time to time make such alterations, changes.
replacements, improvements and additions to the Premises and the buildings and
improvements thereon as it may deem desirable, including the demolition of any
building, improvement, and /or structure that now or hereafter may be situate or
erected on the Premises, provided that the use of the Premises as a school site is not
thereby permanently terminated or abandoned, nor curtailed for a period of time
longer than reasonably required to effect such alterations, changes, replacements,
improvements, or additions.
13. LIENS. The School shall not suffer or permit a lien to be asserted or filed against the
Premises arising out of its operations or activities. If a lien is asserted or filed against
the Premises, the School shall promptly cause the lien to be removed. Upon failure to
do so, the Town may satisfy and cause the lien to be removed and the School agrees
to reimburse the Town on demand for the costs and expenses of any such proceeding.
14. CONSULTATION. The parties acknowledge that, over the term of this Lease issues
may arise concerning implementation of this Lease that the parties have not now
contemplated. Recognizing that a high level of cooperation between the parties is
necessary and desirable, the parties agree to consult with each other from time to time
concerning this Lease. The parties further agree that their respective representatives
will meet to conduct such consultation upon 10 days written request given by one
party to the other party. In addition, each party shall from time to time designate in
writing such party's "contact person" for all matters involving the administration of
this Lease.
15. NOTICES. Any notice required or permitted by this Lease shall be in writing and
shall be deemed to have been sufficiently given for all purposes if sent by certified or
registered mail; postage and fees prepaid, addressed to the party to whom such notice
is intended to be given at the address set forth on the signature page below, or at such
other address as has been previously furnished in writing to the other party or parties.
Such notice shall be deemed to have been given when deposited in the U.S. Mail.
16. DEFAULT AND /OR TERMINATION. All terms and conditions of this Lease are
considered material. In the event that either party defaults in the performance of any
of the covenants or agreements to be kept, done or performed by and under the
requirements of this Lease, the non- defaulting party shall give the defaulting party
written notice of such default, and if the defaulting party fails, neglects or refuses for
a period of more than 10 days thereafter to cure the default, then the non- defaulting
party, without further notice, may, in addition to any other remedies available to it.
terminate all rights and privileges granted in this Lease and this Lease shall be of no
further force or effect. If the non - defaulting party elects to treat this Lease as being in
full force and effect. the non- defaulting party shall have the right to an action for
damages. The Town further shall be entitled. in the event of default. 1) to correct the
default itself and to assess the cost thereof to the School, together with interest at the
rate of eighteen (18) percent per annum accruing from the time of assessment and ?)
to collect interest at the rate of eighteen (18) percent per annum from the time of
default in the event of any monetary default.
17. WAIVER OF BREACH. The waiver by any party to this Lease of a breach of any
term or provision of this Lease shall not operate or be construed as a waiver of any
subsequent breach by any party.
18. ASSIGNMENT. Neither party to this Lease shall transfer or assign any interest in
the Premises without first obtaining the written consent of the other party.
19. SEVERABILITY. If any provision of this Lease or its application is finally
determined to be invalid, void, or unenforceable by a court of competent jurisdiction,
such provision shall be deemed to be severable, and all other provisions of this Lease
shall remain fully enforceable, and this Lease shall be interpreted in all respects as if
such provisions were omitted.
20. PARAGRAPH CAPTIONS. The captions of the paragraphs are set forth only for
convenience and reference, and are not intended in any way to define, limit, or
describe the scope or intent of this Lease.
21. ADDITIONAL DOCUMENTS OR ACTION. The parties agree to execute any
additional documents and to take any additional action necessary to carry out this
Lease.
22. INTEGRATION AND AMENDMENT. This Lease represents the entire agreement
between the parties and there are no oral or collateral agreements or understandings.
This Lease may be amended only by an instrument in writing signed by the parties.
23. NO THIRD PARTY BENEFICIARIES. None of the terms, conditions or
covenants set forth in this Lease shall give or allow any claim, benefit or right of
action by any third person not a party to this Lease. Any person other than the parties
to this Lease who or which receive services or benefits under this Lease shall be only
an incidental beneficiary.
24. GOVERNING LAW. This Lease shall be deemed to have been made in the State of
Colorado, shall be construed under the Laws of the State of Colorado and shall be
binding upon and inure to the benefit of the successors and assigns of the parties to
this Lease.
25. IMMUNITIES PRESERVED. It is the intention of the parties that this Lease shall
not be construed as a contractual waiver of any immunities or defenses provided by
the Colorado Governmental Immunity Act, § 24 -10 -101 et seq., Colorado Revised
Statutes.
26. DATE. i .2006
STONE CREEK ELEMENTARY SCHOOL
TOWN OF AVON
By:
Ronald C. Wolfe, Mayor
X-
ATTEST:
S E A I
P
'.y M Keiiny, �wn Cl
STATE OF COLORADO
ss.
COUNTY OF EAGLE
SubscrPed and sworn to befo:-e me this day of 2006, by
j:��#Vii§-President of Stone Elementary School, a Cjoorad nonprofit
corporation.
Witness my hand and official sea],
My Commission expires:
STATE OF COLORADO
ss.
COUNTY OF EAGLE
44 /a r7 /� C !C
-.1.
The foregoing document was subscribed and sworn to before me this 10 '—
day of J"I� '20067 by Ronald C. V,'nII'e as Mayor and Patty-McKenny as Town Clerk
of the To of von.
My commission expires:
Witness my 11,111
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not
THIS AGREEMENT is made and entered into thiscU day of n 1999, by
and between the EAGLE -VAIL METROPOLITAN DISTRICT, a quasi - municipal corporation
and political subdivision of the State of Colorado (the "District "), the TOWN OF AVON, a
Colorado municipal corporation ( "Avon "), and EMD LIMITED LIABILITY COMPANY, a
Colorado limited liability company, PVRT NOTT I LLC, a Colorado limited liability company,
PVRT NOTT U LLC, a Colorado limmted liability company, and PVRT NOTT III LLC, a
Colorado limited liability company (hereinafter collectively referred to as "EMD LLC "). The
UPPER EAGLE REGIONAL WATER AUTHORITY (the "Authority "), a quasi - municipal
corporation and political subdivision of the State of Colorado, agrees to be bound by the terms
and provisions of this Agreement as though a party to the Agreement to the extent obligated by
its terms and conditions.
A. WHEREAS, EMD LLC and the District entered into a water service agreement
(the "Water Service Agreement ") dated May 15, 1997, and agreed to by the Authority, by which
the District and the Authority agreed to provide water service to property owned by EMD LLC,
pursuant to the terms and conditions contained therein;
B. WHEREAS, EMD LLC is the owner of approximately 1,789 acres in Eagle
County, Colorado, which land is more specifically described in the Water Service Agreement
(the "Property ");
C. WHEREAS, Avon and the District are Contracting Districts, as that term is used
and defined in the Water Service Agreement, and pursuant to an Intergovernmental Agreement
entered into by participating districts, dated September 18, 1984, and one of the functions or
services to be provided by the Authority is the provision of treated water to the Contracting
Districts, their inhabitants and others;
D. WHEREAS, the Property is situated such that either Avon or the District, in
conjunction with the Authority, is capable of providing water service to the planned development
on the Property;
E. WHEREAS, the Property has recently been annexed into Avon and EMD LLC
and Avon now desire that Avon take over the responsibilities and obligations of the District as
set forth in the Water Service Agreement;
F. WHEREAS, EMD LLC and the District also entered into an agreement dated
May 15, 1997 regarding the sharing of tap fees (the "Tap Fee Agreement "); and
ltao377
.4
AML
G. WHEREAS, EMD LLC, the District, Avon and the Authority desire that the
Water Service Agreement and Tap Fee Agreement both be amended as expressly set forth herein,
subject to the conditions set forth herein.
NOW, THEREFORE, in consideration of the covenants and agreements contained in this
Agreement, the sufficiency of which are mutually acknowledged, the Authority, Avon, the
District and EMD LLC agree as follows:
1. The Water Service Agreement and the Tap Fee Agreement shall remain in full
force and effect, except as amended and modified as set forth herein.
2. The Water Service Agreement shall be modified as follows:
A. Service CoMracl. All references to "Service Contract" in the Water
Service Agreement shall refer to the Amended and Restated Master Service Contract dated
January 1, 1998, beriveen the Authority and its Participating Members (as defined therein), and
the amendments thereto;
B. Substitution of Avon. Except as noted in paragraphs 2(D), 2(E) and 3(B)
below, "Avon" shall be substituted for each and every reference to the "District" contained in the
Water Service Agreement so that Avon shall be responsible for every obligation, responsibility
and/or agreement of the District contained or referenced in the Water Service Agreement and so
that Avon shall receive every benefit of the District contained or referenced in the Water Service
Agreement, as amended hereby;
C. Obliga i sj nder ����. The Authority and EMD
LLC shall retain all of their respective obligations, responsibilities, agreements and/or benefits
contained or referenced in the Water Service Agreement, as such may be amended by
paragraphs 2(A) and 2(B) herein, and the District shall no longer retain any of its obligations,
responsibilities, agreements and/or benefits contained or referenced in the Water Service
Agreement, except as noted in paragraphs 2(D), 2(E) and 3(B) herein;
D. Eagle -Park Reservoir. Notwithstanding the amendments and
modifications set forth in this paragraph 2, the water storage option granted to EMD LLC at
paragraph 7(b) of the Water Service Agreement by the District and Authority to purchase certain
stock in the Eagle Park Reservoir Company shall remain in full force and effect, as written,
without any of the amendments or modifications discussed in this paragraph 2, subject to all of
the express terms and conditions relevant to the option as expressly set forth in the Water Service
Agreement.
160371 -2
�\IQ
11
E. Ilse of Water Lines. The District agrees to allow EMD LLC and Avon to
use or enlarge any of its water lines if reasonably necessary to provide water service to the
Property and if such use or enlargement will not prevent the District from being able to provide
water service to its residents.
F. The last sentence of paragraph 1(b) of the Water Service Agreement is
amended in its entirety to read as follows:
The Authority and Avon acknowledge that EMD LLC will depend
upon the water supplied under this Agreement for all of its potable
water supply needs, except that EMD LLC may, with the consent
of Avon and the Authority, which consent shall not be
unreasonably withheld, supply its own potable water to the lots
described as Lots 56 to 96, The Village (at Avon), according to the
PUD /Sketch Plan approved by Avon. EMD LLC agrees that if
such lots are served by individual wells, appropriate fire
suppression facilities, as determined by Avon's fire chief pursuant
to applicable regulations in effect from time to time and applied on
a uniform and nondiscriminatory basis shall be included in
residences constructed on those lots. Moreover, if such lots are
served by individual wells and the wells subsequently fail, the
parties hereto acknowledge and agree that neither Avon or the
Authority shall have any obligation to extend water lines to
affected portions of the Property.
& In paragraph 2(a) change "950,000 sq. ft. of commercial" to "650,000 sq.
ft. of commercial." At the end of paragraph 2(a) the following shall be added:
ltj037 r
Nothing in this Agreement shall be construed to create any
agreement or obligation on the part of Avon to provide or
contribute eater rights or water storage rights to the Authority or to
EMD LLC for water service to the Property or the Additional
Property other than or in addition to those water rights and water
storage rights described on Exhibit D of this Agreement.
H. Paragraph 2(b) shall be amended in its entirety to read as follows:
EMD LLC agrees to lease without cost to Avon for sublease
without cost to the Authority, which sublease is hereby consented
to, a portion of the water rights described in Exhibit D attached
hereto, sufficient to replace the consumptive use associated with
development of the Property as ultimately decreed by the Water
Court. In no event shall the consumptive use of development on
the Property exceed the historic consumptive use of the water
rights described in Exhibit D as determined by the Water Court.
Any excess consumptive use credits quantified in the Water Case
-3-
1\
Aft
and not required to replace consumptive use associated with
development of the Property shall continue to be owned by EMD
LLC, shall be unencumbered by this lease and may be transferred
or sold at EMD LLC's sole discretion.
1. Paragraph 2(c) shall be amended in its entirety to read as follows:
Water Service to the Property. The Authority shall provide retail
water service to individual users within the Property, pursuant to
the Service Contract, in an amount sufficient to meet the needs of
the Property and on the same charges, terms and conditions as
provided to the other customers of Avon.
Paragraph 3 shall be amended in its entirety to read as follows:
Servi Charees. As a condition to continuing service to any
portion of the Property, the owner of such property shall pay Plant
Investment Fees to the Authority which shall be determined,
charged and collected in the same manner as to the Contracting
Districts. Service charges for the provision of water service to the
Property shall be billed by and paid to the Authority; provided,
however, Avon shall retain the right to impose a surcharge in
addition to such service charges. It is the parties' intent however
that service charges, and any surcharge, for water service to the
Property shall be charged on the same basis and at the same rates
as to other customers of Avon.
K. Paragraph 4(b) shall be amended in its entirety to read as follows:
Meter Reading -a Billin . Meter reading, billing and collection
services shall be provided by the Authority to EMD LLC in the
same manner as provided to other customers of Avon.
L. Paragraph 6 shall be amended in its entirety to read as follows:
operation and Maintenanrc Services. Avon or the Authority, as
may be determined between them, shall be responsible for
maintenance and operation of the main line extension(s) to and
through the Property and the Storage Tank. EMD LLC shall be
responsible for all necessary maintenance and repair of Nottingham
Reservoir. EMD LLC acknowledges that the services provided by
Avon or the Authority do not include maintenance and repair of
EMD LLC's other internal water distribution facilities within the
Property.
1tj0377
M
L
M. Paragraph 7(a) shall be amended to add the following two sentences at the
end of the paragraph:
The application filed in Case No. 97CW306 did not include the
Additional Property, but EMD LLC may, through a separate
application, seek to amend the augmentation plan or file a new
plan to replace depletions associated with the Additional Property.
Avon agrees to and approves the application as filed in Case
No. 97CW306, subject to the final decree reflecting water service
being provided by Avon and the Authority (rather than the District
and the Authority) consistent with this Agreement.
N. Delete paragraph 9.
0. Paragraph 10 shall be amended in its entirety to read as follows:
Service to Additional Prone . EMD LLC or its affiliates own an
additional 175.5 acres located adjacent to the Property in a portion
of the Nl /2 of Section 10, T. 5 S., R. 81 W. of the 6th P.M. (the
"Additional Property "). The Additional Property is further
described on Exhibit F attached hereto. In the event EMD LLC, its
affiliates or successors elect to obtain water or fire service for the
Additional Property in the future, such service shall be provided on
the same basis as service to Avon's customers, provided that the
Additional Property shall pay 1) for water, an amount equal to the
cost of service plus the estimated mill levy attributable to water
service for which such property would be responsible if it were a
part of Avon, and 2) for fire protection, an amount equal to the
estimated mill levy attributable to fire service for which such
property would be responsible if it were a part of Avon. EMD
LLC agrees that if the Additional Property is to be served by
individual wells, appropriate fire suppression facilities , as
determined by Avon's fire chief pursuant to applicable regulations
in effect from time to time and applied on a uniform and
nondiscriminatory basis shall be included in structures constructed
on the Additional Property. Moreover, if the Additional Property
is served by individual wells and the wells subsequently fail, the
parties hereto acknowledge and agree that neither Avon or the
Authority shall have any obligation to extend water lines to
affected portions of the Additional Property. Tap fee allocations
shall be on the same basis as for the Property, itself.
-5-
103-1, 7
follows:
E
P. Paragraph l l (e) of the Water Service Agreement shall be amended as
(c) Remedies Upon Default. Upon the occurrence and
continuance of an event of default, the nondefaulting party shall be
entitled to enforce the provisions of this Agreement in law or in
equity, and relief in the nature of specific performance or damages
or both may be awarded, subject to the provisions of the laws of
the State of Colorado. The prevailing party in any legal action
shall be entitled to the recovery of its costs and expenses of such
action against the defaulting parry. Costs and expenses shall
include, without limitation, reasonable attorneys' fees not to
exceed a maximum of $175,000.
3. Paragraphs I through 5 of the Tap Fee Agreement shall be replaced in their
entirety with the following:
A. Collection of Tap Fees. Avon agrees that it shall collect all residential and
commercial tap fees for taps on the Property. However, if Avon does not collect a tap fee within
a reasonable period of time, EMD LLC or its successors and assigns shall have the same right as
Avon to collect such tap fee. Avon agrees that the tap fees shall be calculated and collected in
the same manner as for all others who receive such service from Avon.
B. Allocation of Tap Fees. EMD LLC or its successors and assigns shall be
entitled to receive one- hundred percent (100 %) of all tap fees collected for taps on the Property,
but shall be required to convey to the District twenty percent (20 %), but not less than $800, of
each such tap fee within 30 days of receipt of the same by EMD LLC.
C. Water Development Fee. Avon agrees that EMD LLC or its successors
and assigns shall have the right to charge and retain any amount in excess of the regular tap fee
charged by Avon for the development of water service on the Property (the "Water Development
Fee "), and Avon agrees to bill and collect any such Water Development Fee together with its
regular tap fees. The District is not entitled to any portion of the Water Development Fee, except
that in the event that no regular tap fee is charged by Avon and EMD LLC, the District shall
receive the twenty percent (20 %). but not less than $800 per tap referenced above out of the
Water Development Fee within 30 days of receipt of the same by EMD LLC, which agrees to
assess at least that amount as an excess fee.
D. No Impairment of Fees. Avon agrees that it shall not undertake any action
in the future which impairs or impedes EMD LLC or its successors' and assigns' right and ability
to receive Avon's regular tap fees and the Water Development Fee for new taps on the Property.
E. Additional PropeM. Pursuant to paragraph 10 of the Water Service
Agreement; as modified herein, in the event EMD LLC. its affiliates or successors elect to obtain
water service for the Additional Property in the future. Avon has committed to provide such
service and the parties agree that the terms and conditions of this Agreement shall then also be
applicable to the Additional Property.
4. Except as expressly amended or modified herein, all other terms and provisions of
the Water Service Agreement and Tap Fee Agreement remain unchanged and in full force and
effect.
103
Executed as of the date first set forth above.
EAGLE -VAIL METROPOLITAN DISTRICT, a
quasi- municipal corporation of the State of
Colorado
'4tLTitle:
EMD LIMITED LIABILITY COMPANY, a
Colorado limited liability company
By: e '
Title: J
PVRT NOTT I LLC, a Colorado limited liability
company
Bv:
Title:
-7-
G
E
STATE OF COLORADO )
) ss.
COUNTY OF 1 )
E
PVRT NOTT II LLC, a Colorado limited liability
company
By:
Title:
PVRT NOTT III LLC, a Colorado limited liability
company
vo
UPPER EAGLE REGIONAL WATER
AUTHORITY, a quasi - municipal corporation of
the State of Colorado
y:
1 e: .�
The foregoing First Amendment to Water Service and Tap Fee Allocation Agreement
was acknowledged before ine is.204 -1-N day of �C� , 1999, by
as of the Eagle -Vail Metropolitan District, a
quasi - municipal corporation of the State of Colorado.
My commission expires 3/ (a )OG3
Witness my hand and official seal.
A
ctgT;�j(�B�LIC:° P4
o f �'\0
1tjO377
Notary
-8-
M11
Alk
STATE OF COLORADO
ss.
COUNTY OF
The foregoing First Amendment to W�te I r Service and Tap Fee Allocation Agreement was
ackpowledged before me this 'Z2- day of J " 1999, by k, i.J'kj- as
C, r of the Town of Avon, a municipal corporation of the SUe of Colorado.
,•e. My commission expires
s my hand and official seal.
�T- -r-&&COLORADO
ss.
COUNTY OF
The foregoing First Amendment to Water Service and Tap Fee Allocation Agreement was
P
acknowledged before me this 4-M day of 1999; by �L—&� "6. Past"" as
of each of EMD Limited Liability Company, PVRT NOTT I LLC,
PVRT NOT 11 LLC. and PVRT NOTT III LLC, each of which are a Colorado limited liability
company.
1tj0377
mv commission expires
Witness my hand and official seal.
V,
�4
S GJ
Cad P Notarylj
0
EJ M I
0
0
r .T
STATE OF COLORADO )
ss.
COUNTY OF )
The foregoing First Amendment to Water Service and Tap Fee Allocation Agreement
_.iyas acknowle ged before me this day of OW , 1999, by
as ug N' the Upper Eagle Regional Water
Authority, a quasi- municipal corporation of the State of Colorado.
Itj037 7
My commission expires k? . laoC,
Witness my hand and official seal.
v�
Notary
-10-
/' /'
October 23.2D0G
Eagle River Water and Sanitation District
&46 Forest Road
Vail CO 81658
Dear Sir orMadam:
This letter will serve aa notice to the Eagle River and Sanitation Distric that the following tap fees have
been waived for one year for Stone Creek Elementary:
Village atAvon/TnaerCreek Incremental Sewer Tap Fee (1''Meter) $3.921.00
Village otAvon/TneerCreek Water Development Fee (1^Meter) s6.200.00
You may call mei/ you have any questions.
Sincerely,
Dan Leary /
Pea/dent '
Traer Creek Metropolitan Di�trict
�
it
TO-NVN OF AVON, COLORADO
RESOLUTION 06-29
SERIES OF 2006
A RESOLUTION APPROVING A LEASE AGREEMENT BETWEEN THE TOWN
AND TRAER CREEK RP, LLC
WHEREAS, by Resolution No. 06-30 the Town Council will approve a STONE
CREEK ELEMENTARY SCHOOL LEASE BETWEEN TOWN OF AVON AND STONE
CREEK ELEMENTARY ("the School Lease") whereby the Town will lease Lot 5, The Village
at Avon, Filing I ("Lot 5 "), to Stone Creek Elementary for a term from July 1, 2006, to June 31,
2007: and
WHEREAS, Lot 5 is currently designated as a public works site pursuant to the
Annexation and Development Agreement for The Village (at Avon); and
WHEREAS, Traer Creek RP, LLC has proposed to enter into a LICENSE
AGREEMENT to provide to the Town an alternative public works site during the term of the
School Lease:
NOW. THEREFORE, BE IT RESOLVED:
1. The LICENSE AGREEMENT, a copy of which is filed with the minutes of
this meeting, is hereby approved.
2. All action heretofore taken by the officers of the Town of Avon relating to the
same is hereby ratified, approved and confirmed.
3. This Resolution is contingent upon the adoption of Resolution No. 06 -30.
ADOPTED at a regular meeting of the Town Council of the Town of Avon the
13th day of June, 2006.
C.
Ronald C. Wolfe, Mavor
rf
L:
ATTEST:
...........
ok n.1 jv
Y,
;�ati�y�cKenny- T�4erk
IV
7
LEASE AGREEMENT
THIS LEASE AGREEMENT (this "Agreement "), made effective as of the IST day of
July, 2006 ( "Effective Date "), is among TRAER CREEK RP, LLC, a Colorado limited liability
company ( "Landlord ") and the TOWN OF AVON, a municipal corporation of the State of
Colorado ( "Town" OR "Tenant")-
RECITALS
A. WHEREAS, Landlord is the owner of that certain real property, known as Tract
B. The Village (at Avon) Filing 3, according to the plat thereof recorded June 29, 2004 at
Reception No. 882176 of the Eagle County, Colorado real property records. Such Tract is also
informally known as Planning Area N South on the Village (at Avon) PUD Development Sketch
Plan.
B. WHEREAS, Landlord desires to lease 4.0 acres of the 5.765 parcel, known as
Tract B (or Planning Area N South), to Tenant, as more specifically set forth in the attached map
hereto and incorporated herein as Exhibit "A" ( "the Premises "). Whereas Landlord further
desires to grant Tenant access to the Premises as more specifically set forth in Exhibit "A."
C. WHEREAS, Tenant desires to lease the Premises for a period of one year for
snow, equipment and vehicle storage.
D. WHEREAS, Landlord has agreed to allow Tenant to use the Premises for snow,
equipment and vehicle storage. subject to the terms of this Agreement.
AGREEMENT
NOW, THEREFORE, in consideration of the sum of Ten ($10.00) Dollars, and other
good and valuable consideration paid by Tenant; the receipt of which is hereby acknowledged.
the parties agree as follows:
1. Grant of Lease to Tenant: Subject to the terms, covenants and conditions set forth in
this Agreement. Landlord hereby leases the Premises to Tenant, and its employees, contractors,
agents and invitees, to use and possess the Premises during, the Term of this Agreement for
storage of snow, equipment and vehicles. Landlord further grants to Tenant access to the
Premises as specifically set forth in Exhibit A. Tenant shall use the Premises only for the
purposes described in this Agreement.
2. Ten of Lease: The term of this lease (the "Term ") shall commence on the Effective
Tenn
Date hereof and terminate at 11:59 pan. MST on the 365`x' day following the Effective Date,
3. Additional Obligations.:
(a) Tenant shall, at its sole cost and expense, promptly comply with all applicable
laws. rules and regulations relating to the Premises. Tenant shall further be obligated to comply
with all enviromnerrtal laws, federal and state rules and regulations and ordinances, as it would
have to comply with such obligations on its own property. Tenant; however, shall not be
ant to those laws and
obligated to do more than that which it is already obligated to do pursu
should Tenant comply with those laws, Landlord shall hold Tenant harmless from any claims by
Landlord, its successors or assigns arising out of the handling, treatment, storage or disposal of
any hazardous or toxic substance as defined under any applicable state or federal law including,
without limitation. the Comprehensive Environmental Response, Compensation and Liability
Act.
(b) Tenant shall keep the Premises in a neat, clean and sanitary condition,
consistent with the uses set forth in this Agreement, at all times during the Term of this
Agreement.
4. Alter ations: Tenant shall make no material alterations, additions or improvements in
or to the Premises without Landlord's prior written approval and consent for items and or
improvements.
5. Insurance:
(a) During the Term of this Agreement, Tenant shall maintain, at its sole cost and
expense, the following policies of insurance:
(i) Commercial general liability insurance in an occurrence format in
an amount of $3,000,000 per occurrence, including the following coverages: contractual liability;
personal injury, broad form property damage; and independent contractors insurance. Such
policies shall include a provision requiring a minimum of 30 days' notice to Landlord of any
change or cancellation. Landlord shall be named as an additional named insured as its interests
may appear on this policy.
(ii) Comprehensive automobile liability insurance on all vehicles used
in connection v�ith this Agreement, in an amount of $1,000;000 combined single limits for bodily
injury and property damage, per occurrence. Tenant shall legally obligate its subcontractors,
either contractually or otherwise, to obtain identical coverage. Landlord shall be named as an
additional insured as its interests may appear on Tenant's and any subcontractor's policies.
(b) During the Term of this Agreement, Landlord shall maintain, at its sole
cost and expense, its current commercial general liability insurance on the immediately adjacent
property to the Premises; known as Tract G, The Village (at Avon) Filing 3.
6. Quiet Enjoyment: Landlord covenants and agrees with Tenant that upon Tenant
observing and performing all the terms, covenants and conditions of this Agreement on Tenant's
part to be observed and performed. Landlord shall not, subject to Section 9; below, disturb
Tenant's peaceable and quiet enjo }7ment of the Premises during the Term of this Agreement.
7. Acceptance of Premises: Taking possession of the Premises by Tenant shall be
conclusive evidence against Tenant that the Premises were in good order and that the Town
accepted the condition of the Property when possession was taken. Notwithstanding that fact;
the Premises is made available to Tenant in its "as is" condition on the commencement date of
the Term.
2
N
8. Landlord Access to Premises: Landlord and its agents, upon reasonable notice to
Tenant, shall have the right to enter the Premises at all times to examine them, to show the
Premises to prospective purchasers. mortgagees; lenders or others, and to make and perform such
maintenance or repairs as Landlord may deem necessary or desirable, on the condition that
Landlord shall use all reasonable efforts to minimize interference with the Tenant's operations.
Further, absent a formal assignment of this Agreement, any new owner of the Premises shall also
have the right of entry.
9. Assignment and Subletting,:
(a) Tenant shall not assign, convey. mortgage, hypothecate or encumber its rights
in this Agreement at any time during the Term hereof without the prior written consent of
Landlord.
(b) Landlord may assign, convey, mortgage, hypothecate or encumber its rights
and obligations in the Premises at any time during the Term hereof without the prior written
consent of Tenant.
10. Indemnity:
(a) To the full extent allowed by law. Tenant shall indemnify, defend and hold
harmless Landlord, its subsidiaries and affiliates, and their respective agents, officers, directors;
servants and employees of and froth any and all costs, expenses (including without limitation
reasonable attorneys' fees). 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, which damage, loss or injury is caused by the breach
of this lease or the willful misconduct or negligent acts, errors or omissions of Tenant, its
subcontractors or any person directly or indirectly employed by them, or any of them, while
engaged in any activity on or associated with the Premises.
(b) To the full extent allowed by law. Landlord shall indemnify, defend and
hold harmless Tenant, its agents, officers, directors and employees of and from any and all costs.
expenses (including without limitation reasonable attorneys' fees), 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 darnage to property of any kind, which
damage. loss or injury is caused by the breach of this lease or the willful misconduct or negligent
acts. errors or omissions of Landlord, its subcontractors or any person directly or indirectly
employed by them, Traer Creek Metropolitan District, or any of them, while engaged in any
activity on or associated with the Premises.
IL . Default: if either party neglects or fails to perform or observe any of the terms or
covenants herein contained to be performed or observed by that party, and that defaulting party
fails.to remedy such default within ten (10) days after receiving written notice specifying such
neglect or failure (or within such period, if any, as may be reasonably required to cure such
default if it is of such nature that it cannot be cured within such 10 -day period, provided that the
defaulting part), commences to remedy such default -vithin such ten -day period and proceeds
with reasonable diligence thereafter to cure such default). that party shall be declared in default
of this Agreement.
1��
12. Remedies: If Tenant shall default under this Agreement as set forth in Section l I..
Landlord shall have all remedies at law or equity, including but not limited to Landlord's right to
terminate this Agreement, re -enter and take possession of the Premises and /or pursue any
statutorily mandated court proceeding. If Landlord shall default under this Agreement as set
forth in Section 11, Tenant shall have all remedies at law or equity, including but not limited to
the remedies of specific performance or termination of this Agreement. The remedies of
Landlord and Tenant shall be cumulative and the exercise of one remedy shall not be deemed to
have been an election of remedies to the exclusion of any other remedies available. No delay or
omissions by either party to exercise any right or power arising from a breach by the other party
of anv of the terms of this lease shall impair any such right or power or shall be construed to be a
waiver of any breach or an acquiescence therein.
13. End of Term: At the expiration of or earlier termination of this Agreement, Tenant
shall quit and surrender the Premises to Landlord in as good order as they were in on
commencement date of the Agreement and with no material change from the condition they were
in on that same date, with all temporary improvements thereon removed; subject to the
provisions of 3(a) hereof.
14. Waiver of Subrosation: Landlord and Tenant respectively waive all rights of
recovery against the other, or the officers, directors, employees and agents of the other, for loss
of or damage to such waiving party of its property or the property of the other under its control;
arising from any cause insured against under the standard form of fire insurance policy (with all
permissible extension endorsements covering additional perils) or under any other policy of
insurance carried by such waiving party in lieu thereof.
15. Holdover By Tenant: In the event Tenant remains in possession of the Premises after
the expiration of this Lease, and without the execution of a new lease. Tenant, at the option of
Landlord shall be deemed to be occupying the Premises as a Tenant from month to month.
Tenant shall be entitled to occupy the Premises at the current rental rate for a period of six
months. Thereafter. Tenant shall be required to pay to Landlord rent in the amount of $1.666.00
per month, constituting fair market value of the Premises. Rent shall be paid on the I" day of the
month. During the holdover period in question, all of the terms and conditions hereof then in
effect (excepting the rent provision) shall remain in effect for the entire holdover period.
16. Subordination. Non- disturbance and Attornment:
(a) This Lease is also subject and subordinate to any mortgage which may hereafter
affect this Lease or the real property of which the Premises are a part provided that (a) each such
mortgage shall contain a provision in substance and effect that the Mortgagee, by acceptance of
the mongage, covenants and agrees on behalf of itself and those at any time holding by, through
or under it, for the benefit of Tenant, and those, at any time holding by, through or under
Tenant. that unless Tenant shall have suffered an Event of Default under the provisions of this
Lease and notice of termination of this Lease shall have been given as provided in this Lease
and not revoked, the holder of any such mortgage to which this Lease may be subordinated shall
not name or join Tenant or anyone holding by, through or under Tenant as a party defendant or
otherwise in any suit, action or proceeding for the foreclosure of such mortgage or in any
manner interfere with Tenant's rights hereunder and Tenant shall not be disturbed in its
enjoyment of the Premises or its interests herein by the Mortgagee or anyone holding by.
kQ
through or under the Mortgagee to the end that this Lease and the possession of the Premises by
Tenant shall not be disturbed or affected by reason of such foreclosure. In lieu of the non -
disturbance provision being contained in the mortgage, such provision can be contained in a
separate non- disturbance agreement delivered by such mortgagee to Tenant which agreement
Tenant shall promptly execute upon request.
(b) This clause shall be self - operative and no further instrument of subordination
shall be required by any mortgagee, affecting any lease or the real property of which the
Premises are a part. In confirmation of such subordination, Tenant shall execute promptly any
certificate that Landlord may request.
17. Notice: Any notice; demand or communication which either party may desire or be
required to give to the other party shall be in writing and shall be deemed sufficiently given or
rendered if delivered personally or sent by first class United States mail, postage prepaid,
addressed as follows:
If to LANDLORD: Traer Creek RP, LLC
P.O. Box 9429
322 E. Beaver Creek Blvd.
Avon, Colorado 81620
If to TENANT: Town of Avon
P.O. Box 975
400 Benchmark Road
Avon, CO 81620
Either party shall have the right to designate in writing, served as provided above, a different
address to which any notice; demand or communication is to be mailed.
18. Certificates: Landlord and Tenant shall; without charge, at any time and from time
to time; within ten (10) days after request by the other,'execute, acknowledge and deliver an
estoppel certificate containing such information as the party requesting the same may reasonably
request.
19. Paragraph Headings: Paragraph or other headings contained in this Agreement are
for referenced purposes only and are not intended to affect in any way the meaning or
interpretation of this Agreement.
20. Birndine Effect: This Agreement will not be binding on or constitute evidence of a
contract between the parties until such time as it has been executed by each party and an original
thereof delivered to each other party to this Agreement and Ratification has occurred.
21. Additional Documentation: At all times, the parties hereto agree to execute and
deliver. or to cause to be executed and delivered, such documents and to do, or cause to be done,
such other acts and things as might reasonably be required in order to confirm or effectuate the
provisions of this Agreement.
22. No Representations or Warranties: There are no representations and warranties by
the parties, their agents, servants and employees whether oral or in writing, relating to or
concerning this Agreement other than as specifically set forth herein. Each of the parties hereto
warrants and represents to the other that it is authorized or empowered to enter into this
Agreement and perform the terms hereof.
23. Entire Agreement: This Agreement constitutes the entire agreement between the
parties hereto and supersedes all prior written and oral agreements and understanding relating to
the subject matter hereof.
24. Modification: This Agreement may not be modified, amended or discharged except
by an instrument in writing signed by the parties hereto. No waiver or consent may be enforced
unless such waiver or consent shall be in writing and signed by the party against whom
enforcement thereof is sought.
25. Applicable Law: This Agreement shall be governed by the laws of the State of
Colorado.
26. Successors and Assigns: This Agreement shall be binding upon, and inure to the
benefit of the parties hereto and their .respective heirs, executors, administrators, successors and
permitted assigns.
27. No Negative Inference Against Preparer: This Agreement is the result of
negotiations between the parties, each of whom is represented by counsel of its own choosing.
All parties shall be deemed to have drawn this Agreement and no negative inference or
interpretation shall be made by a court against the party whose counsel drafted this Agreement.
28, No Modification to PUD: This Lease Agreement and the intended use of the
Premises are permitted by and do not require or effect a modification to or amendment of the
Annexation and Development Agreement between Traer Creel< and the Town of Avon, the
Village (at Avon) PUD Guide, or the associated PUD Development /Sketch Plan (collectively,
the "Development Plan "). Operation on an interim basis of snow, equipment and vehicle storage
at the location specified in and otherwise subject to the terms and conditions of this Lease
Agreement will not be construed as limiting any future uses within Tract B, The Village (at
Avon) Filing 3 that otherwise are permitted under the Development Plan, or as effecting a waiver
by Owner or the Town of any rights under the agreements constituting the Development Plan.
Operations of the Town pursuant to this Lease Agreement are intended to be on an interim basis
only, and do not constitute a commitment by Landlord that the Town's operations will be housed
on a permanent or semi - permanent basis at this location or otherwise within the Village (at
Avon).
29. Traer Creel< Desi ,grn Review and Special Review Use: Landlord shall not
unreasonably withhold any approval by the Traer Creek Design Review Board to the Town of
Avon or unreasonably withhold any consent to the special review use by the Town of Avon, and
for which relate to any matter necessary to carry out the purpose of this Agreement.
IN WITNESS WHEREOF. the Parties have hereunto caused this Lease Agreement to
be executed on their behalf the day and year first above written.
6
�'1�
C
{
TRAER CREEK RP, LLC,
a Colorado limited liability company
B�
ME
Tit
TOWN OF AVON,
a municipal corporation of the State of Colorado
By:
Name: �p�� �• �0
Title: h� l ipt� ;fj•,
r .5
7
SKLC- SO" 10 11 -2-2 1,1 EG 882176•200e.CD2
EXi4 k
r
SEWER TAP FEE
AND
WATER PLANT INVESTMENT FEE
DEFERRAL AGREEMENT
THIS AGREEMENT is made and entered into as of this day of
.1 2006. by and between the EAGLE RIVER WATER AND
SANITATION DISTRICT ("District"'), the UPPER EAGLE REGIONAL WATER
AUTHORITY (-Authoritv"), both quasi- municipal corporations and political
subdivisions of the State of Colorado, and the TOWN OF AVON, a municipal
corporation and political subdivision of the State of Colorado ("Town").
RECITALS
WHEREAS, District is organized to provide sanitary server collection and
wastewater treatment and Authority is organized to provide potable water treatment and
supply; and as such. District assesses sewer tap fees and Authority assesses water plant
investment fees: and
WHEREAS, Town has entered into a lease arrangement with Stone Creek
Elementary School. a Colorado Public Charter School (hereinafter referred to as
"School"). wherein School has ]eased certain property ("Real Property"
from Town
described as:
Legal Description:
Lot: -, Block: Filing:
Szibdivision:
Eagle Couniv, Colorado
I -
: and
T
WHEREAS, apparentIN, pursuant to the lease arraneement with the Town, School
is obligated to pay any server tap fee and water plant investment fee which may be due:
School has asked Authority and District for a deferred payment of such fees. payable
over a 111\17c (5) year period. and District and Authority have agreed to such time deferred
payments Jora school use. subject to certain conditions, as detailed below.
NONN!, THEREFORE, in consideration ofthe mutual promises. covenants and
agreements ol-the parties as contained herein. the adequacy of which is hereby admitted,
the District. Authority and 1-own agree as follows:
Real Property. All rights and obligations hereunder shall be binding upon and inure to
the benefit of the successors and assigns of the parties.
7. Severability. If any portion of this Agreement shall be deerned to be
ineffective or without force or effect by any court of competent jurisdiction, then this
Agreement shall be construed as if the offending provision were not a part hereof.
S. Amendment. Recordine and Notice. This Agreement shall not be subject to
amendment without express written consent of the parties hereto. This Agreement shall
be recorded Nyith the Clerk and Recorder for Eagle County. Colorado. Any notice
required or permitted by this Agreement shall be in writing and delivered by certified
mail to the General Manager of the District and Authority. and to the Town Manager of
the Town at the addresses listed below:
Upper Eagle Regional Water Authority
Eagle River- Water and Sanitation District
c/o General Manager
846 Forest Road
Vail. Colorado 81657
and
Town of Avon
c/o Town Manager
400 Benchmark Road
Box 975
Avon. Colorado 81620
IN WITNESS THEREOF, the parties have affixed their hands and seals on the
date and vear first above written.
WATER UPPER EAGLE REGIONAL
AUTHORITY
Bar:
Title:
TOWN STAFF
TOWN ATTORNEY: JOHN DUNN TOWN CLERK: PATTY MCKENNY
TOWN MANAGER: LARRY BROOKS ASSISTANT TOWN MANAGER: JACQUIE HALBURNT
THIS MEETING IS OPEN TO THE PUBLIC; COMMENTS FROM THE PUBLIC ARE WELCOME
ESTIMATED TIMES ARE SHOWN FOR INFORMATIONAL PURPOSES ONLY, SUBJECT TO CHANGE WITHOUT NOTICE
PLEASE VIEW AVON'S WEBSITE, HTTP : / /WWW.AVON.ORG, FOR MEETING AGENDAS AND COUNCIL MEETING MATERIALS
AGENDAS ARE POSTED AT AVON MUNICIPAL BUILDING AND RECREATION CENTER, ALPINE BANK, AND CITY MARKET
THE AVON TOWN COUNCIL MEETS ON THE SECOND AND FOURTH TUESDAYS OF EVERY MONTH
SPECIAL REGULAR COUNCIL MEETING AGENDA
MEETING BEGINS AT 1:30 PM
1. CALL TO ORDER AND ROLL CALL
2. APPROVAL OF AGENDA
3. DISCLOSURE OF POTENTIAL CONFLICT OF INTEREST
4. UNFINISHED BUSINESS
A. STONE CREEK CHARTER SCHOOL — (JOHN DUNN, TOWN ATTORNEY) DISCUSSION ON THE $250K
RECORATION BOND THAT IS REQUIREED PER THE LEASE AGREEMENT WITH THE SCHOOL
5. ADJOURNMENT
Avon Council Meeting. 06.08.28
Page 1 of 1
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Stone Creek Elementary School factual information: `
'
*
Lease between Town and School 1erozbzaten June 30,2OO7. `
*
School has borrowed $l,275,496 frmno Wells Fargo, 'the full amount o[ which v/un mlvuoocd
on August lO'2008.
* 0o October ]l'2O0b, School im required tn make a principal puymonto[S25O.0O0,roduciug
debt to Sl,Ol7'4g6.
* VyidzcunnLblypdooipu|paymeuto,dcbttoWoUmvvU|hrrcduccdioSO88,6Ll.44by]uuc3O,
2007.
• Monthly principal and interest (at 8.596) payments are approximately $25,8l8.
• Maturity date of the note is February 29,2OUQ. }\ balloon payment nf3699,3i9.80 will bo
due at that bonc.
• The Wells Fargo note is secured by a Commercial Security Agreement covering a Nortex
Modular Complex, having a purchase price (exclusive of delivery costs) of $1,046,834.
• Wells Fargo made the loan in part in reliance on the School's agreement with the State of
Colorado, which guarantees revenue sufficient in cover loan payments.
• Lease requires o restoration bond of S250'000. $lU0'00Dnf that ia cost nf removal of" tile
modular, and the balance is site restoration.
Chmouuaon:
• There will be only $29]]8 equity in the modular at the outset, and the equity ndU increase
to only $l78,222.56hy the end of the lease, Wells has no objection to tile Town having
second position.
• If the school defaults, Wells would foreclose and become the owner of the modular. It
could recover on its loan only by acUiog the modular, vvbiob would require its removal from
the site.
• Therefore, as a practical matter, the Town needs to be secured as to only the $150,000
required for site restoration.
• There i000 guaranty that, i[ the modular was sold by the bank, [bU value would bureceived,
The equity is therefore speculative.
• Bvoo i[ the equity were not speculative, foreclosure would hoproblematic. In order to
fhzuo]oae, the Town would have to ouaoouo liability for the Wells Fargo loan.
• It is more likely that the Soboni will not default and that it will z000uvc tile building by }oou
30` 2007` or ask the Council for unew )ouoe.
• nYbiobcvor is the uuoo, the likelihood is that the School will o:convu the building at some
time, and the only concern of the Town will be that the School will lack dzc ability or
money to restore the site to its ndgiou| condition to the Town's audxCbodon.
• In that event, while the equity may be speculative, the Town will continue to have second
position after tile bank and will gain first position nu February 29, 2008, if the loan is not
refinanced. The loan Could be refinanced while the bank maintains its first position.
Conclusion:
D is apparent that the School can provide oo real, satisfactory aouurty, Staff
RUG-24-2006 14:33 FROM:CDE-CARE 303 866 6857 T0:+97074ee8e1 P.OGI/0211
X04 �o OLORAD '0 DEPARTMENT OF EDUCATION
C
OFFICE OF SPECM SERVICES commis of r }*
1560 Broadway, Suite 1450 • Denver, Colorado 80202-5149 CommissiorLer of Stiucallc;i
503,866.6600 - 303,866.6782 wwwedr-sintamus
To: Mr. John Dunn, Town of Avon Attorney
Ce
Fax: 970-748-8881
From- Brian, Anderson, Schools of Choice Unit, Colorado Department of Education
Date: August 24, 2006
RE, Funding for Stone Creek Charter School
Details regarding funding for schools that are chartered tbrougji the Charter School Institute can be.Caund in Section
22-30,5-513, C.R.S. Essentially, an institute charter school. receives 95% of the .Per Pupil Revenue (PPR) of the
school district in which the charter school resides. In addition, for the past five years, all charter schools in the state
with capital construction needs (i.e. modular leases) have received a per pupil amount over and. above ilic, regular
PPR. That amount is a one-time payment, usually received in January of the current school year, and that amount
will most likely be between $200 and $220 per pupil in the 2006-07 school year.
Specifically, Stone Crock Charter School will receive monthly payments from July, 2006 through June, 2007, Those
monthly payments will be roughly one twelfth of their annual PPR. it will not be exactly even because payments
during the first few months are based on prqJected enrollment and will be adjusted aft—or the official enrollment count
day, which is Octobcr I". The total of their PPR payments will be about S6,084,35 multiplied by their student count,
$6,084,35 represents 95% of Bagle County School District's flqcal year 2006-07 PPR, which is 56,404,58.
For the sake of sh-uplicity, if Stone Creek Charter School's Ruided pupil count is 250, then they will receive
$1,521,038 in total PPR payments for the year. That would workout to an average of $126,757 perinonth.. In
addition to the PPR payments, Stone Creek Charter School will receive a check for approximately $50,000 in January
or so, to help offset capital costs (i.e. a lease of modular space).
I hope this information is helpful. Please feel free to contact me for clarification, either via e-mail
dorson b(acdp igto.co.us) or via telephone (303-866-6864).
.,A
ONS ivroving,4rademir Achievenew
TOWN OF AVON, COLORADO
RESOLUTION 06-30
SERIES OF 2006
A RESOLUTION APPROVING A LEASE BETWEEN THE
TOWN AND STONE CREEK ELEMENTARY SCHOOL
WHEREAS, Stone Creek Elementary School has requested that the Town ciitei- Into
a STONE CREEK ELEMENTARY SCHOOL LEASE BETWEEN TOWN OF AVON AND
STONE CREEK ELEMENTARY ("the School Lease") whereby the Town will lease Lot 5, The
Village at Avon, Filing I ("'Lot 5"), to Stone Creek Elementary for a term from July 1, 2006, to
June 31, 2007; and
WHEREAS, Lot 5 is currently designated as a public works site pursuant to the
Annexation and Development Agreement for The Village (at Avon); and
WHERE-AS, by Resolution No. 06-29 the Town Council approved a LICENSE
AGREEMENT between the Town and Traer Creek RP, LLC to provide to the Town an alternative
public works site during the term of the School Lease;
NOW, THEREFORE, BE IT RESOLVED:
1, The School Lease, a copy of which is filed with the minutes of this meeting, is
hereby approved,
2. All action heretofore taken by the officers of the Town of Avon relating to the
same is hereby ratified, approved and confirmed.
3. This Resolution is contingent upon the adoption of Resolution No. 06-29.
ADOPTED at a regular meeting of the Town Council of the Town of AVOD the 13th
day Of June, 2006.
Ronald C. Wolfe, Mayor
,kT T S T:
Pa'6 MCI, ens; Tc "i 4'
7' OBLIGATIONS 007THE SCHOOL.
7.1 Use Restriction. The 5oboo| shall use the Premises only for acbuo| purp000u
and iocompliance with any and all restrictions contained iu its 0arteraild
state law, any and all restrictions contained inthe approval ofo special review
use by the Town and any and all restrictions contained iu the approval oftbc
'The Villaue Design Review Board. The School shall establish and maintain an
outreach program for "at-risk" children and shall provide evidence thereof to
the Town along with quarterly reports ua1othe success of that program. /\oy
non-scholastic use of the Premises shall have the prior approval of the l'owil
uto[[ In the event the School persists in using the Premises for upurpose other
than school purposes io violation ofthis Lease or vin|o1cs tile restrictions as
aforesaid, the Town may terminate this Lease by giving prior nrihon notice of
the violation. The School shall then cease using the Premises for the remainder
ofLhcieon.
7.2 Right tuCure. Upon receipt o[u notice of violation or presumption of
abandom-nent, the School shall have the right to cure such violation within 10
days of such notice before the Town may terrninate the School's leasehold
interest for violation oriuidutcacivil action iu the District Court for Eagle
County, Colorado.
7.3 Purchase ofImprovements. When this Lease is terminated, the School shall
remove any and all improvements that it may have erected on the Premises and
restore said premises to essentially the xunzc condition which existed at the
inception oftbis Lease, 10 the satisfaction nftboIov/o. The School shall
provide u restoration bond iu the amount of$25O,O0O,io the form o[cash.
letter n[ credit or other security acceptable Lothe Town in its sole discretion, to
guarantee its compliance with this Subparagraph.
0, INDEMNIFICATION AND LIABILITY INSURANCE. Io the cxtenLpermitted
by law, the School shall iudcooni[v and keep harmless the Town from: l)uo)'
expense incurred by the Town io entering into and performing this Lease; 2) ally and
all |ouaco, dnmogoo` charges orclaims arising out ufthe operation nfuschool |'aoi}iiy
on Town property, including without limitation from any violations ofThe Village
Qusicyo Review Board and Town approvals, the School's Cbodor or state law � ]) ouy
and all |noaeo. damages, charges or claims resulting from personal 111jury, death or
property d000ageu occurring oo the Premises; and 4) any costs, iocludingu1ioroey`x
fees, whether o{ the Town Attorney or other attorneys, relating to2)through 4)
above.
0L1 The School shall place and maintain Lit all times. u1 its sole erpcnoe,u general
liability insurance policy with respect to the Premises iri which the limits of
liability shall be not less two milliort dollars (S2,000,000) for each occurrence
and with ari mmtial a(,gro(,at,-uoverage of not less than fiveo�Uiou
($5`000,000).
14. CONSULTATION. The
ozuvubao concerning ' o[ this Lease that the pal ties have not now
contemplated. Recognizing that u high level of cooperation between the parties is
necessary and desirable, the parties agree to consult with each other from time to time
concerning this Lease. The parties further agree that ^'their respective representatives
will meet 10 conduct such consultation upon lO days written request given hy one
party to the other party. In uddiLion, each party ybu]l /iocn time to time designate in
writing such party's "contact person" for all 000lters involving the odnoioio1rodou of
this Lease. '
15. NOTICES. Any notice required or permitted by this Lease shall heiowriting and
shall be deemed to have been sufficiently given for all purposes if sent by certified or
registered cnoii postage and Ybcn prcpuid, addressed tothe party `^ to vvbocn such notice
is intended to be given at the address set forth oo the signature page bc|nvv, of at such
other address as has been previously furnished io writing to the other party orparties.
Such notice oboU be deemed to have been given when deposited in the lJ.S. }Iai|.
16. DEFAULT AND/OR TERMINATION. All terms and conditions of this Lease are
considered material. lo the event that either party defaults io the performance ofany
of the covenants or agreements to be kept, done or performed by and under tile
requirements n[ this Lease, the non-defaulting party shall give the defaulting party
written notice of such default, and if the defaulting party Oziio, neglects or refuses for
a period of more than 10 days thereafter to cure the default, then the non-defaulting
C�
party, without further notice, may, in addition to any other remedies available to it.,
1cccoioo1e all rights and privileges granted in this Lease and this Lease shall be of no
further force or effect. If the non-defaulting party elects to treat this Lease as being if]
full lbzoc and effect, the non-defaulting party abu|| have the fight to an action t' or
duniuucs. The Town further shall bc entitled, iothe event o[ default. |)to correct {bc
default itself and to assess the cost thereof 10 the School, iugctbcr with interest at the
rate of eighteen (18) percent per annurn accruing from the time of assessment and 22)
to collect interest at the rate of eighteen (18) percent per annurn from tile urne of
default io the event o[ any monetary default.
17. WAIVER OF BREACH. The waiver byu-iv party to this Lease ofa breach o[any
term or provision o[ this Lease shall not operate ocbe construed usa waiver otooy
subsequent breach by any party.
10. ASSIGNMENT. Neither party tn this l.caae shall banst'eroronsianony Interest III
the Premises without first obtaining the written consent o[the other party.
19. STC\/ERA0|IL|Tl/ UF any provision o[ this Lease or its application isfna|y
determined 1obc invalid, void. or unenforceable bYo court ofcocnpotcUndodicLioo.
suCliymviuioutliall bedeciued. to beuL�vCfable.and all other pro vislmsu[&iuLcasc
abaU remain fully enforceable, and this Lease shall be interpreted in u]] rcopuc1s os if
,such provisions were onuittcd.
ATTEST: t `'
PL y M Kenny, wn CI -'rk
P"
's
STATE OF COLORADO )
ss.
COL;NTY OF EAGLE }
Subscribed and sworn to before me this day of , -2-1006. by
President of Stone Creels Elementary School, a Colorad�nonprotit
corporation.
Witness my hand and official seal. �� -VA 0�-
My commission expires: '
-
N6tary Pt blic �kc''• -: t: ° ,P
OF r-
S p
STATE ATL OF COLORADO }
} ss.
COUNTY OF EAGLE }
The foregoing document was subscribed and sworn to before me this to
day of J _, 2006, by Ronald C. Wolfe as Mayor and Patty- McKenny as 'Town Cleric
of the Town of von.
My commission expires:
Fitness my han k,. C,
Itary ublic
� QFn Cdi -a4`
My Commission Expires
PAWi
A:
z
sr
Permittee: rr6tV 1E ferAenh'kart! K'hevheor Szliml /I J 'V",l r. re
Mailing Address:
Phone: - 01 Cell/ Pager: Fax:
Project Location: Attach all necessary exhibits including plans and maps required to filly define all work
to be performed within the Public Ways. For excavations paralleling roadways or right-of-ways, show location
with respect to roadway and/or right-of-ways.
Lot- -5 Btntk: Subdivision:
Street Address of Project Location: -3 -7 1 Y,
Project Description:
Starting Date: 7 /1'q 1,7e,06, Completion Date:
Permit For The Purpose Of- �Installing .7. Repair ❑ Other RECEIVED
Subsurface Utility: E] Gas E Water ❑ Sewer 11 Cable ❑ Telephone
E Drains ❑ Elec. L�, Entrance / Driveway JUL 2 5 2006
Density Tests To Be Performed By:
ORM"IT ncivul',oment
Permittee Is responsible for obtaining the proper location and protection of all public utilities.
Permittee Guarantees work for two years from final inspection date.
The Town of Avon MUST BE informed at least 24 hours prior to the start date of all construction iii order to
provide inspection during construction. Inspections shall be called into (970) 748-4094 for:
(Utility Company'Permitees shall call (970) 748-4100 for Inspection Requests)
If dissatisfied with construction performed on this job, please contact '�' U e-
Phone No: -14q - eol 9 7 Cell: 3 Yk — � 3
(Revised 5/31/06)
Excavation (Site Preparation)
-.2f
Prior to backfill 14 Prior to paving
Site Restoration
Final inspection
(Utility Company'Permitees shall call (970) 748-4100 for Inspection Requests)
If dissatisfied with construction performed on this job, please contact '�' U e-
Phone No: -14q - eol 9 7 Cell: 3 Yk — � 3
(Revised 5/31/06)
Aug-28-06 10:1JA Town or Avon 970 748 1958 P-04
'qqNqCorqTACT PUBLIC WOR�KS - 748-4100 - TO ARRANGE
FVfK-1-U0WM
ROW Permit No.: p
AL--ff-o
A]21glication] Permit
For Construction or Within` Public
Permit Review and Inspection Fee Schedule
Adopted by Ord. 03-03
FOR TOWN OF AVON USE ONLY
Base permit Fee:
Includes permit for one (1) longitudinal cut where the excavation trench
is not more than fifty (50) linear feet, one (1) driveway installation
or one(I)transverse cut. x $175
Additional transverse cut or driveway installation: x $50 per each
Longitudinal installation greater than fifty (50) linear feet:
Base permit fee plus additional costs per section 12.04.11 OC
Additional Fees
Total Fees Paid-
Permit Fee
LlY
4Dat Total
Receipt No.
I Additional Qonditions of Permit:
M
The undersigned hereby acknowledges that he/she has read the attached "General Conditions tor An
Construction Work within Public Ways", and will perform all work under this permit ink cordance with these
conditions.
PerTnittce: �11 Printed Na
Approved: Pri rn
4;
Director of Public Works (or Authorized Representative)
Security Amount Required:
signature
Date
FOR -TOWN OF AVON USE ONLY
,- Surety Form Completed and Attached
Au -28-06 10:14A Town or Avon
970 748 1958
0
PERMIT NO. 06-16
pl.eORMIT FOR CONSTRUCTION WORK WITHIN PUBLIC WAYS
DATE: August 18, 2006
'F: 11001
PF-R.mrrTE stone Creek Elementary Charter Sc
LOCATION: 375 Yoder Avenue, Lot 5 Filing I
Village at Avon
CONDITIONS:
This Permit is subject to the following conditions. These conditions are in addition to the
Standard General Conditions attached to the -Permit:
A Restoration Bond in the arnot"It QV S250,000 in the Corm of cash, letter
of credit, or other security acceptable to the 'Down, shall be furnished by
August 25, 2006, else the Right-of-Way Permit expires and work within
the right of way 1111-t8t cease. The Restoration Bond must be in compliance
with Section 7-3 of the Lease Agreement.
2. Grading or construction on site must not cornmence until erosion and
sediment control- is installed on the site per I r flip, approved plan-,.
3. Permit holder is subject to the lease agreement as stated ' inToWn ofAvoil
Resolution 06-30, Series of 2006, A Resolution Approving a Lease
Between the Town and Stone Creek Elementary School.
4. All public ways shall be fully functional for vehicle traftic, with no
imptdillients, during construction.
5. Paving for open cuts must be completed before October 15, 2006. All
0
road Cuts must be infared sealed,
()t'W-,1y\PerTnits'tAvui1 Villagc\Stune Creck 06 -16 C011ditiurls DOG
Rage I of 2
Asphalt patches must be replaced to existing asphalt depth plus I inch.
The Town reserves the right to order material testing for subgrade, base,
concrete, or asphalt at its own discretion. Testing costs will be borne by
the permit holder.
9. Any disturbance of landscaping, irrigation or fencing must be repaired
prior to completion of the project. All disturbed areas must cithcr have
landscaping replaced or hydro - mulched dependant upon existing
conditions.
10. Inspections must be requested at site preparation, prior to paving, at site
restoration, and after completion of work. Inspections can he requested by
calling (970) 748 - 4100.
►:`.f=.ngtnrrtinZ�lRi;iIt t if WsylPCt'init51Avon VillttgclStum Crcck (JO -16 Conditio -.Doc
Page 2 oL`Z
• . ! • Town a Avon 970 748 1958 P-07
�
- ONLY AND CONRERI3 NO RIGHTS UPON THE CERTIFICATE
RH art Colorado HOLDER THIS CERTIFICATE DOES NOT AMEND, EXTEND OR
r2o 8, Colorado Blvd Ste 800 -N ALTER THE COVERAGE AFFORDED DY THE POLICIES BELOW.
P.O. Box X89025
Denver, CO 50246- 9025 INSURERS AFFORDING COVERAGE NA�t: #
INBUFF0 MUMMA! CNA Insurencs Companies B6486
Norteg Modular Spacs INSUaets:
555 Jubllio Lana INSURER C,
Lewisville, TX 75068 INSURER D:
INSURER e
COVERAGES
THE POLICIES OF INSURANCE LISTED SELOW HAVE BEFAI ISSUED TO THE IN$UREG NAMED A80YE FOR TH6 POLICY S CER I INDICATED, KITE A NOTWITHSTANDING
ANY i gLAREa/E�lNT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WiTH RESPECT WHICH THIS CERTIFICATE MAY BE ISSUED OR
MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN 16 SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CO NOITIONS OF SUCH
POLICIES, AGG REraATE LIMM SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS
TYPE OF INAUNANCE POLICY NUNfff(i 01919
A u rr TCP2086221153 10H 1106 10/11106 MH OCCUMEN s 0
X COMMEFCIALOFREPALUASUJTY Si Qt)Q
Cows sulo6 ® Q=UR IgEn exP m. w�+l 110 000
PERSONA(. A AM INJURY 91,000,000
AI5:0140331 -A 2e14611ALAQWQATE t2,000,00
01101 PROD =M - COW10PAGa s 000 000
GEWL A®OREOATS LW(tT APPLIC$ PIR:
POLICY X P COC
A A �,ny BUA2086921184 10/11!05 10111106 �aD SINGLE LIr(rr :110001000
X ANY AUTO
ALL OWNED AUTOS SDOf.Y fNJtIRY g
/Per ve 1
SCHEDULED AUTOB
X WRIiD AU`rO4 (rr.aal
NON- OWNEDAUTOS
PROPERTY DAMA06
(PM gidaldl
AUTO ONLY - EA ACCIDENT f
GARAGE LIABILITY EA ACC f
p�}�R THAN
ANY AUTO AUTO ONLY: A� f
CP20869295 101!05 10/11/06 EACH000u il__... 93.00-0,000
rA Exc BeLALAalfY !1
)( OCCUR � CLAIMS NAOS AAOfiE3ATi $3�LOOO
i
f
DEDUCTOLE f
X R971"N f 10 000
W04KM COMP■ReATiON NO E.L *ACF(AC4JDW f
EMPLOYERS• UASIUTY
A � I � A�� CUiNE E.L. DrKAB6 - EA EMPLO f
■ tMmiGS ER E.L OBEASE - POLICY LIWT t
6 WN bW-
OTHFR
Project D ®ctiptla't Stour Crook 81 rnants School
o er EN�RSELnEtrr r SPECIAL aROsna(aae
The following are Additional insureds as respects General Liability
(Sea Attached Descriptions)
CANCELLATION
CERTIFICATE HOLDER Da" AHV CW nt ANOVE p mygp POLICY: sf CANCIL LIM 26F M TNf fxPIPATiON
Stone Creek Elementary
School
PATE THERIOF, THE MWINO INSURER MILL ENDEAVOR TO "L DAYS WRRTL N
NOTiCE TO THE GER71F1CAT'E FAR MAA(ED TO TiN@ LEFT, SLIT FAILUR! >b DD 00 SHALL
PO Box 208 ArO$r ND aELt6ATTON OR LIAeLJTY of ANY inxn UPON MW INSUREr m3 A19EHSE OR
Vail, Co 8185E -020a REPROWTAT(M.
d ReppmgEMTAirA
CjU m ACORD CORPORATION �t988
ACORO 26 t20NroBl 1 of 3 #S30171WM268840
A`u -28 -06 10:15A Town of Avon 970 748 1958 P_08
pop:- -7
r
-'`'
11 ■ i-
If the certificate hoiden is an ADDITIONAL. INSURED, the policy(I®s) must be endorsed. Astatement
on this certificate does not confer rights to the certificate holder In IOU of such endorsament(s).
If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain pollcies may
require an endorsement. A statement on this certtficste does not confer rights to the certificate
holder In leu of such endomement(s).
The Certificate of Insurance on the reverse side of this for ®, and does not constitute holcontract
dose It
the issuing insurer($), authorized representative or pro
affirmatively or negatively amend, extend or alter the coverage afforded by the policies listed thereon.
AC ORD 2" (20011MG) 2 of 3 #S301719M266M
Auq -28 -06 1O:15A Town of Avon '970 748 1958 P.O9
only If required by written contract and coverage applies only as
respect& ongoing operations performed by the Insured for the
Additional insureds.
Additional Insureds: The Town of Avon and Stone Crack Elementary School
All coverage terms, conditions and exclusions of the policy apply.
The Additional Insured endorsement which Is referenced a1mve under "Type
of Insurance- Genaral Liability" Is attached.
The following cancellation conditions always apply:
-10 days for non - }payment of premium
- if policy shown, 10 days for Workers` Compensation for fraud;
material misrepresentation; non - payment or premium; other reasons
approved by the Commissioner of Insurance
25.3 (2001!0 ®) 3 of 35301'f1StM268840
Aug -28 -06 10:13A Town or Avon 970 748 1958
Receipt NUmber:
0100001556
MUM
TENDERED CHANGE
CASH PAID CHECK PAID CHECK NO $250.00 $.00
$.00 $250.00 1014
TOWN OF AVON, COLORADO
SPECIAL REGULAR COUNCIL MEETING FOR MONDAY, AUGUST 28, 2006
AVON MUNICIPAL BUILDING, 400 BENCHMARK ROAD
PRESIDING OFFICIALS
MAYOR RON WOLFE
MAYOR PRO TEM TAMRA NOTTINGHAM UNDERWOOD
COUNCILORS DEBBIE BUCKLEY
KRISTI FERRARO
MAC MCDEVITT
AMY PHILLIPS
BRIAN SIPES
TOWN STAFF
TOWN ATTORNEY: JOHN DUNN TOWN CLERK: PATTY MCKENNY
TOWN MANAGER: LARRY BROOKS ASSISTANT TOWN MANAGER: JACQUIE HALBURNT
THIS MEETING IS OPEN TO THE PUBLIC; COMMENTS FROM THE PUBLIC ARE WELCOME
ESTIMATED TIMES ARE SHOWN FOR INFORMATIONAL PURPOSES ONLY, SUBJECT TO CHANGE WITHOUT NOTICE
PLEASE VIEW AVON'S WEBSITE, HTTP: / /WWW.AVON.ORG, FOR MEETING AGENDAS AND COUNCIL MEETING MATERIALS
AGENDAS ARE POSTED AT AVON MUNICIPAL BUILDING AND RECREATION CENTER, ALPINE BANK, AND CITY MARKET
THE AVON TOWN COUNCIL MEETS ON THE SECOND AND FOURTH TUESDAYS OF EVERY MONTH
SPECIAL REGULAR COUNCIL MEETING AGENDA
MEETING BEGINS AT 1:30 PM
1. CALL TO ORDER AND ROLL CALL
2. APPROVAL OF AGENDA
3. DISCLOSURE OF POTENTIAL CONFLICT OF INTEREST
4. UNFINISHED BUSINESS
A. STONE CREEK CHARTER SCHOOL — (JOHN DUNN, TOWN ATTORNEY) DISCUSSION ON THE $250K
RECRRATION BOND THAT IS REQUIREED PER THE LEASE AGREEMENT WITH THE SCHOOL
5. ADJOURNMENT
Avon Council Meeting. 06.08.28
Page 1 of 1
Aug-28-06 10:14A Town oF Avon 970 748 1958
ARRANGE
CONTACT PUBLIC WORKS - 748-4100 - TO ► YOUZ r MEETIN
Date:
P_03
ROW Permit No.: _QLIL
Town of o' !' .' 1 1 Permit
Public WorksTnginecriing
P.O. Boi 975 For 1 1 1! Work Withi 970.748.4100 1'
Avon, CO 81620 PubHc Ways
Inspection Request Line: 970.748.4094
Fax Number: 970.949.5749
Permittee: i_ a t re V- li le M
C O L O R A D O
Mailing Address: A iS, x -z t? 8 V a,t � , ��' r ze'5- S,
Phone: q4 9' - 01 Cell / Pager: 374' ` r3 Fax: ITP�-
Project Location.: Attach all necessary exhibits including plans and maps required to filly define all work
to be performed within the Public Ways. For excavations paralleling roadways or right -of -ways, show location
with respect to roadway and/or right -of -ways.
Lot: Blbmk: Subdivision: �T �"tV
Street Address of Project Location: 3 S ®J r, Zi2ina k G
Project Description:
Starting Date; /ZC'0'6'
Completion Date:
Permit For The Purpose Of �fnstalling `- Repair
Subsurface Utility: 1 Gas E Water L' Sewer ❑ Cable
E Drains F1 Elec. lib Entrance / Driveway
$ • - - ,
■ Telephone RECEIVEM
JUL 2 5 2006
Permittee is responsible for obtaining the proper location and protection of all public utilities.
Permittee Guarantees work for two years from flnsl inspection date.
ment
The Town of Avon MUST DE informed at least 24 hours prior to the start date of all construction iii order to
provide inspection during construction. Inspections shall be called into (970) 748 -4094 for:
(Utility Company'Permitees shall call (970) 748 -4100 for Inspection Requests)
If dissatisfied with construction performed on this job, please contact: r5 U Lvflleoe �L
1
�` ♦ 1
Cell: 3 ZK — e) 3`1! _
(Revised 5/31/06)
Excavation (Site Preparation)
Prior to backfill Prior to paving
P
Site Restoration
Y
Final inspection
(Utility Company'Permitees shall call (970) 748 -4100 for Inspection Requests)
If dissatisfied with construction performed on this job, please contact: r5 U Lvflleoe �L
1
�` ♦ 1
Cell: 3 ZK — e) 3`1! _
(Revised 5/31/06)
Application / Permit
For Construction or Within' Public Ways
Permit Review and Inspection Fee Schedule
Adopted by Ord. 03-03
FOR TOWN OF AVON USE ONLY
Base permit Fee:
includes Pe rmit for one (1) longitudinal cut where the excavation trench
is not more than fifty (50) linear feet, one (1) driveway installation
or one(I)transverse cut. x $175
$50 per each Additional transverse cut or driveway installation: -------- T—
x,
Longitudinal instit1lation, greater than fifty (50) linear feet:
Base pen-nit fee plus additional costs per section 12.04. t 10C
Additional Fees
Total Fees Paid., e Lllw 2—�Z Total Permit Fee
D 4at Receipt No.
�f
Additional Conditions of Permit:
M
Ed
I Mr/
The undersigned hereby acknowledges that he/she has read the attached "General Conditions tor All
Construction Work within Public Ways", and will perform all work under this permit ink cordance with these
conditions.
PerTnittee: ((e-
Printed Nam,
Approved:
Director of Public Works (or Authorized Representa tive)
Security Amount Required:
Signature
00/1 tlo&
T— r
Date
M
7OR TOWN OF AVON VSE Or, JU
— Surety Form Completed and Attached
Aug-28-06 10:14A Town of Avon
MEOW-.-,-
970 748 1958
EXHIBIT A
,,vY,rACIIED CONDITIONS
PERMIT NO. 06-16
PJ.;0 RMIT FOR CONSTRUCTION WORK WITHIN PUBLIC WAYS
DATE: August. 18, 2006
PERNIfTTE E: Stone Creek Elementary Charter School
LOCATION: 375 Yoder AvC11L1V-, Lot 5 Filing I
Village at Avon
CONDITIONS'
This Permit is subject to the following conditions. These conditions are in addition to the
Standard General Conditions attached to the Permit:
A Restoration Bond in the amount o1-S250,000 in the r0rr)1 of cash, letter
of credit, or other security acceptable to the "town, shall he furnished by
August 25, 2006, else the Right -of -Way Permit expires and work within
the right of way 111USt cease. The Restoration Bond must be in compliance
with Section 7-1 of the Lease Agreement.
2. Grading or construction on site must not commence until erosion and
sedl,nent control is installed on the site pt;r the approved plans.
3. permit holder is subject to the lCa.SC agreement as stated ' 111,j'own of Avon
Resolution 06-30, Series of 2006, A Resolution Approving a Lease
Between the Town and Stone Creek Elementary School.
4. All pUblic ways shall be fully functional for Vehicle traffic, with no
impediments, during construction.
5. Paving for open clits must be completed before October 15, 2006. All
I-oad CLIN InLLSt he ir1fared sealed.
page I of 2
P-05
Aun-28-06 10:14A Town or Avon 970 748 1958 P-06
6, Curb, Gutter and sidewalk removal and replacement must he from control
, oI it to control joint.
7, Asphalt patches must be replaced to existing asphalt depth plus I inch.
8. The Town resenles the right to order material testing For subgrade, base,
concrete, or asphalt at its own discretion. Testing costs will be borne by
the permit holder.
9. Any disturbance of landscaping, Irrigation or fencing must be repaired
Prior to completion of the project. All disturbed areas must either have
landscaping replaced or hydro-mulched dependant upon existing
conditions.
10, Inspections must be requested at site preparation, prior to paving, at site
restoration, and after completion of work. Inspections can be requested by
calling (970) 748-4100,
a I I L (-)fWaykyc:l-l11its Avon Villagc\-Stunc C'I-cek (10-16 Coll (litiom.Doc Page 2 of 2
Au -28 -06 10:15A Town of Avon
970 748 1958 P -07
1 34
RT7VI OD
�+ r �+
Ci '�'' F'ty LIABILITY L' U V
DATE PIWDDIYYYYI
08116146
THIS CERTIFICATg 10 13SUED AS A MATTER OF INFORMATION
ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE
of Colorado
HOLDER. THIS CERTIFICATE DOES NOT AMEND, EXTEND OR
120 S. Cotoredo Blvd Ste 600-N
ALTER THE COVERAGE AFFORDED BY THC IYOUCIES
BELOW,
P.O. Box 489025
Denver, CO 80246- ®025
INSURERS AFFORDING COVERAGE
NAIC 6
INSUREIRA: CNA Insurance Companies
68+486
INBUIlm
Nortex Modular Space
INSURLIRB:
586 Jublles Lane
INSURERC
LeMeville, TX 75050
INSURER D:
INSURER E=
COVERAOES
THE POLICIES OF INSURANCE UI3TEII BELOW HAVE BEL�1 ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED, NOTWrrHSTANDiNG
I
OFD P
CONTRACT O�Iam
ANY RERTAIN, +i THE TERM NC AFFORDED POLICIES HOE1N IS SSUBJECT To ALL THE TTeRtMSTEXCLUS N8 AND CONDITIONS SUCH
tIANY PERTAIN, THE INSURANCE AFFORDED
Ar3GREC,ATE LIMITS SHOWN MAY HAVE SEEN RIDUCED By PAID CLAIMS
POums,
LINTS
Ufft
mm
TYPE OP INSURANCE
POLICY NUI4IIIIai
—
TCP2086921153
10111
/05
10111106
LtACH DC7GUARENr $1,000.0.00
A
GZ� ��Y
RaffAmmw 6100,000
X
COMMERCIALGENERAL UASILYTY
�
woo t?xP a,. v*-1 510.000
CLANS NunctE ��
PERBONALAAMYLIURY S
000 000
AIB:0140331 -A
01NERALAGOMOAT6
9LO00,00
01101
PRODUCTS - CON:$►IDP AGG
$4000,000
GEWL AGGRVIATS LIMIT APPUGa PGR:
POLICY X P LaC
BUA2086921154
10!11106
10/11105
COMBINED SINGLE LIMIT
IEa t,Mdsrdl
51,000,000
A
ALRDYO�LE L�,Y
X
ANY AUTO
ALL aAMDAUTOS
cpWrp INJURY
tPer cam+)
I
ECHEDULEDAUT05
X
WF=Auros
BODILY INJURY
(}rBtSItI�rKI
I
X
NON- OWW -DAUM
PFiOPGK1Y DILMAIBE
I
(PM euordard)
AUTO ONLY - EA ACCIDENT
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sAPAOE LAABILITY
EA ACC
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i
ANY AUTO
AUTO dtM.Y. AW
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CUP2086921196
10/11/06
/06
EACH �uana6
Q.00Q.000
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X OCCUR Q CLAHB MADE
5
i
X R6TII nON 910,0-00
wo
WONIKB o CONPEN IZAITON AND
E.L- EACH ACCIDENT
5
TNEAMcU`mE
ANY PROmumRmAR lPJ
E1. I)SEEASE • EA EMP
_
OFFIC RMEM®ER EXCLUDED?
E. L DISEASE •POLICY LIMIT
i
® devAbb rd
m AMOw
P C
OTHCR
I MLUMOM ADWD BY ENDORSEMENT I SPECIAL PROWSIONS
D&=IUPTIOR OF OrNtATIOW I LOCATION$ I VENIC1.E$
Stone Crook 8lementary School
PrOjed Descriptlon:
The following are Additional Insureds as respects General
Llabllity
(Sea Attached Descriptions)
CANCELLATION
CERTIFICATE BOLDER
MOULD NY A OFTHt AWY& DWRIBED POLICJ $ B$ CANCILLIND $$FORE THE $nPIRA"ON
THRIt"� THE MWINa INSURER MnLL ENDEAvcm TO "L _.IM DAYS ""T"
Stone Crook Elementary School
DATE
NAMED TO 1 NE LEFT, BUT FAILUNM TO DD SO SHALL.
NGflCE TO M CERTIFICATE HOUR
j PO Box 208
HOSE NO OBUGATNDN OR UANLITY OF ANY IOND UPON THE INSURER, rTS AGENTS OR
Ij Vall. CO 91658 -02D6
REPS, AmiEa.
D REPR98DUAIrA
V
me
CSJ m ACORD CORPORATION 1988
ACORD a6 ($001)Oe1 i of 3 *S30i718tMa8$840
• • • • • • • • • • S •
If the certificate holder Is an ADDITIONAL. INSURED, the pollcy(lee) must be endorsed. A statement
on this certificate doge not confer rights to the certificate holder in Neu of such endorsement(s).
If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies mgy
require an endorsement. A statement on this certificate does not confer rights to the certificate
holder In Neu of such endorsement(s).
i1l�i 7_T1�l�a
The Certificate of Insurance on the reverse side of this form
anddoes not
certmc®teconstitute
hol cont , ract
nor does t
the issuing insurer(s), authorized representative or producer,
®ffirmevety, or negatively amend, extend or alter the coverage afforded by the policies listed thereon.
2 of 3 4=171502688at1
Au -28-06 + Town oV Avon ! 748 1958
DESCRIPTIONS (Continued from Page 1)
only If required by written contract and coverage applies only as
respects ongoing operations performed by the Insured for the
Additional insureds.
Additional Insureds: The Town of Avon and Stone Crook Elementary School
All coverage terms, conditions and exclusions of the policy apply.
The Additional insured endorsement which is referenced above under "Type
of Insurance- Gsnarol UabUlty° Is attached.
' The following cancellation conditions always apply:
-1 O days for non - payment of premium
- if policy shown, 10 days for Workers' Compensation for fraud;
material misrepresentation; non-payment or premium; other reasons
approved by the Commissioner of Insurance
L -
AMS 25.8
Aug -28 -06 10:13A Town or Avon
970 748 195E3
P.02
Receipt Numbers 0100001556
Received BytTOWN OF AVON payor: STONE CREEK ELEMENT
Today's D&teaB/22/06 Register Dat3fi/22/06 Time:
CASH PAID CHECK PAID CHECK NO
$.00 $250.00 1014
IrENuk;REU
$250.00
1-1
$.00
TOWN OF AVON, COLORADO
RESOLUTION 06-30
SERIES OF 2006
A RESOLUTION APPROVING A LEASE BETWEEN THE
TOWN AND STONE CREEK ELEMENTARY SCHOOL
WHEREAS, Stone Creek Elementary School has requested that the Town entel, into
a STONE CREEK ELEMENTARY SCHOOL LEASE BETWEEN TOWN OF AVON AND
STONE CREEK ELEMENTARY ("the School Lease") whereby the Town will lease Lot 5. The
Village at Avon, Filing I ("Lot 5"), to Stone Creek Elementary for a term from July 1, 2006, to
June 31, 2007; and
WHEREAS, Lot 5 is currently designated as a public works site pursuant to the
Annexation and Development Agreement for The Village (at Avon); and
WHEREAS, by Resolution No. 06-29 the Town Council approved a l,lCF.NSF
AGREEMENT between the Town and Traer Creek RP, LLC to provide to the Town an alternative
public works site during the term of the School Lease;
NOW, THEREFORE, BE IT RESOLVED:
The School Lease, a copy of which is filed with the minutes of this meeting, is
hereby approved.
2. All action heretofore taken by the officers of the Town of Avon relating to the
same is hereby ratified, approved and confirmed.
3. This Resolution is contingent upon the adoption of Resolution No. 06-29.
ADOPTED at a regular meeting of the Town Council of the Town of Avon the 13th
day Of June, 2006.
V-
Ronald C. Wolf'e, IN/layor
,\TT
SS 71F, A
17a t v1C c i i ivV T 0 VV�
7. OBLIGATIONS OF THE 8CHOOL. '
`
7.1 Use Restriction. The School shall use the Premises only for school purposes
and io compliance with any and all restrictions contained in its Charter ind
state law, any and all restrictions contained iu the approval ofuspecial review
use by the Town and any and all restrictions contained in the approval n[Lbc
'The l7iDo��Ocui�o8cvicvv Board. The School sbuUoutubUnband couiotabnun
outreach program for '*at-risk** children and shall provide evidence thereof to
the Town along with quarterly reports oo10 the success of that program. Any,
non-scholastic use of the Yrczuiueo obui} have the prior approval of the Town
staff. In the event the School persists in using the Premises borupurpose other
than school purposes in violation o[ this Lease oc violates tile cestdcdono Lis
aforesaid, the Town may terminate this Lcooc by giving prior p/ritten notice of
the vin|u1ino. The School abuU then cease using the Pzcroiooa for the ronnuiodur
u[ the turno.
7.2 Right tuCure. Upon receipt ofu notice of violation orprcoocnpdonof
oboodononouLdboSoboolnbu8bovodbudubitocurcouohrio]o1ioov/ithiulO
days of such notice before the Town may terminate the School's leasehold
interest for violation or initiate a civil action in the Z)ia1dot Court for Eagle
Coonty, Colorado.
7.3 Purchase ofImprovements. When this Lease io terminated, the School shall
remove any and all improvements that i| may have erected oothe Premises and
reatorcsuid pcoouiaea to essentially the same condition which existed at the
inception o[this Lease, to the satisfaction of the Town. lz U
o[b
ofc
provide a restoration bond in the amount of $250,000, in noob,
guarantee its compliance with this Subparagraph.
B. INDEMNIFICATION AND LIABILITY INSURANCE. Tothe extent permitted
by law, the School shall indemnify and keep harmless the Town from: |)aii�,
expense incurred by the Town in entering into and performing this iouxo� 2' mly, and
all losses, damages, charges or claims arising out of the operation of a school I'acility
onTown property, Including without limitation from any violations ofThe Village
Dcsi�u Review Board and Town approvals, the 3cboo1`o Charter or state law ; 3) any
uud
all o charges or claims r000Uiogfrom pconnu| in ury. death or n,
property duoougea occurring ou the Premises; and 4) any costs, including attorney's
f'ers. whether o[ the Town Attorney or other attorneys, relating to 2)tbrouITb 4)
above.
8.1 'The School shall place and maintain at all times, atits sole exponxe,u gencral
liability insurance policy with respect to the Premises in x] icb the limits of
liability shall be not less two rnU|ion dollars ($2.OUO.00O) for each occurrence
and nithuo annual aggregate coverage o[ not less than fivoodUiou
65,000,000)�
14L CONSULTATION. The parties issues
may arise concerning implementation of this Lease that the parties have not now
contemplated. Recognizing that a high level of cooperation between the parties is
necessary and desirable, the parties agree to consult with each other from time to tinic
concerning this Lease. The parties further agree that their respective representatiVes
\vIll meet to conduct such consultation upon 10 days written request given by one
pad} to the other party. In addition. each party shall from tin-le to 11 me dcxigoo|o in
writing such party's "contact person" for all matters involving the administration of
this Lease.
I'S. NOTICES. Any notice required or permitted by this Lease shall be in writing and
shall bo deemed tn have been sufficiently given for all if sent hy certified or
registered mail, postage and fees prepaid. addressed tn the pudy' whom such oodoo
is intended 1obu given o1 the address set forth onthe signature pulgcbelow, orutsuch
other address as has been previously furnished in writing to the other party orpazdca
Such notice shall bc deemed tn have been �iron\�buod��onbrdin the i7.B \�ui],
16, DEFAULT AND/OR TERMINATION. All terms and conditions nf this Lease are
considered material. In the event that either party defaults ' the performance o[any
of the covenants or agreements to be kept, done or performed by and under tile
requirements of this Lease, the non-defaulting party shall give the defaulting party
written notice of such default. and if the defaulting party fails. ucQ\euts or refuses for
u period of more than lO days thereafter to cure the default, then the noo-do[dn|1iuo
party, v/idhnot further notice, rouy' iu addition 10 any other remedies available to it.
terminate all d�bhuodpdvU��us granted io this Lease undUdaI.cascshall bcofoo
further force or effect. I[ the non-defaulting party elects to treat this Lease as buiog, in
[ull1brocoodeOeot,tbonoo-dcfbu|tingpudyshu|\buvmthcrighttmunuodon[br
durnugco. The Town further shall bc entitled, iu the event o[default. l)to correct the
doftuib itself and to assess the cost thereof io the School, together with interest a1the
rate of eighteen (18) percent per annum accruing from the time of assessment and 2)
to co|lociio1ornuto1dheru1oofeighduuo(l8)percuu1puruuonnu(ioro1bu1innonf
default io the event o[ any monetary default.
17' WAIVER 0F BREACH. The waiver by any party to this Lease ofa breach ofony
term or provision of this Lease shall not operate or be construed as a waiver ofany
Subsequent breach hy any party.
l#. ASSIGNAMENl[. Neither party to this Lease shall transfer oruaoi8n any interest iii
the Premises without first obtaining the written consent of the other party.
19, SEVE;{A]0ILJTY. UF any provision o[ this Lease or its application iafinu|y
determined tobcinvalid, void, or unenforceable bTo court u[counpctco1Jododiction.
yuuhproviyiouubuDbedeemed tubuucvuiub|e,aud all Other Provisions u[Ud�,Luuuc
shall remain fully enforceable. and this Lease obu|} be interpreted in all respects as if
such provisions were 000btod.
A
ATTEST:
�'� i E
PLdt'N' Kenn'v,Tr)Nvn Cl i,k
N 6
STATE OF COLORADO
ss.
COUNTY OF EAGLE
Subser bed and sworn to before me this" day of .2006, b-v
tl,k, a 8 President of Stone Creek Elementary School, a Colorad' \ nonprotit
corporation.
Witness my hand and official seal.
My commission expires:
Notary Pi blic L\
0\-0
Myconnimission jreS44ffi&ftV
STATE OF COLORADO
ss.
COUNTY OF EAGLE
The foregoing document was subscribed and sworn to before me this IC
C�
day of J 2006, by Ronald C. Wolfe as Mayor and Patty-McKenny as "Town —Clerk
of thc'fol�n of von.
f�r Of V(
My commission expires:
Witness my hang%UF-14�,
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Stone Creek Elementary School factual information:
� Luaso between Town and School terminates June 30,2007. '
m
School has borrowed Sl,275,49O from Wells Fargo, the full amount oFwhich was advanced
on August lO,2OO6.
* Dn October ]l'20O0, School ia required tn make u' principal o[S258,0OO, reducing-
debt toSl,Ol7/496.
*
With monthly payments, debt to Wells will bc reduced ioS06Q`Ol\.44by June 3O.
2007.
* Monthly principal uod interest (at 8.5Y6) payments are approximately $2 ,� lD.
• Maturity dotcof the note io February 29, 2008. A balloon payment ofS699,3l9.0O will bc
due o1 that time.
• The Wells Fargo note is secured by a Commercial Security Agreement covering a Nortex
Modular Complex, having a purchase price (exclusive of delivery costs) of $1,046,834.
• Wells Fargo made the loan in part in reliance on the School's agreement with the State of
Colorudo, v/hiub guarantees revenue sufficient |o cover loan payments.
• Lease requires u restoration bond of S250'000. $l0O,U00of that io cost of removal n[Uho
cuodolor, and the balance io site restoration.
• There will be only $29,33X equity in the modular at the outset, and the equity will increase
to only $l78,Z22.56bvthe end of the lease. Wells has uo objection to the Town having
second position.
• If the school defaults, Wells would foreclose and become the owner o[ the modular. It
could recover on its h000 only by selling the modular, v/bicb would require its removal from
the site.
• Therefore, as a practical matter, the Town needs to be secured as to only the $150,000
required for site restoration.
• There iaon guaranty that, if the modular was sold by the bank, {bU value would bureceived.
The equity ia therefore speculative.
• Even if the equity were not speculative, foreclosure would heproblematic. In order to
foreclose, the Town would have \o umauooc liability for the Wells Fargo loan.
• It is more likely that the School will not default and that it will noonovc the building by June
3O.2007,nr ask the Council for a new lease.
• Whichcver is the case, the likelihood is that the School will remove the buildinj at some
time, and the only concern of the Town will be that the School will lack the ability or
money to restore the site io its original condition to the Town's satisfaction,
• In that event, while the equity may be speculative, the Town will continue to have sccond
position after the bank and will gain first position on February 29, 2008, if the loan is not
i-efinanced. The loan Could be refinanced while the bank maintains its first position.
Conclusion:
It is apparent that the School can provide no ruuL satisfactory security. Staff
4 P.
,UG-24-2006 14:33 FROM:CDE-CRRE 303 866 6857 TO:+97074Bee8l
44., INN,, COLORADO DEPARTMENT OF EDUCATION
OFFICE OF SPECIAL SERVICES William J. Moloney
1560 Broadway, Suite 1450 - Deaver, Colorado 80202-5149 conur�issiorler
303,866.66M - 303.866.6782 - wo7widr-antf-mus of Esluc xt c,:
To: Mr. John Dunn, Town of Avon Attorney
Fax: 970-748-9881
From: Brian, Anderson, Schools of Choice Unit, Colorado Department of Education
Date: August 24, 2006
RE: Funding for Stone Creek Charter School
Details regarding funding for schools that are chartered through the Charter School Institute can be,(bund in Section
22-30,5-513, C.R.S. Essentially, an institute charter school. receives 95% of the Per Pupil Revenue (PPR) of the
school district in which the charter school resides. In addition, for the past five years, all charter schools in the state
with capital construction needs (Le. modular leases) have received a per pupil amount over and above Ilie, regular
PPR. That amount is a one -time paymen% usually received in January of the current school year, and that amount
will most likely be between $200 and $220 per pupil in the 2006-07 school year.
Specifically, Stone Crack Charter School will receive monthly payments from July, 2006 through June, 2007, Tho5c
monthly payments will be roughly one twelfth of their annual PP?- It will not be exactly even because payments
during the first few months are based on projected enrollment and will be adjusted after the OfflCial eTIT011MOnt count,
day, which is October I". The total of their FPX payments will be about $6,084,35 multiplied by their student count,
$6,084.35 represents 95% of Eagle County School District's flgcnl year 2006-07 PM, which is $6,404,58.
For the sake of simplicity, if Stone Creek Charter Scbool'sftuided pupil count is 250, then they will receive
$1,521,088 in total PPR payments for the year. That would work out to an average of S 126,757 per month. In
addition to the PPR payments, Stone Creek Charter School will receive a check for approximately $50,000 in January
or so, to help offset capital costs (Le, a lease of modular space).
I hope this information is helpful. Please feel free to contact me for clarification, either via e-mail
dorson bnacdps!ato.cous) or via telephone (303-866--964).
Im
proviq Arademir Achievenew
NORrEXMODULAR SPACE
17301 W. ColraxAvenue
Suite 411
Golden CO 80401
August 24, 2006
Mr. Bill Hammer
Stonecreck Elementary
PO Box 208
Vail CO 81658-0208
RE: Letter of Credit For Removal Charges
Please use this letter as evidence of Nortex.Modular Space?s commitment to extend credit
to you and Stonecreek Elementary for the removal of the modular educational building
from the present location at 375 Yoder Avenue in Avon Colorado. Approximate charges
of $100,000-00 - $125,000.00 for the removal and transport of the building to another
location in Avon are to be expected. This includes disconnecting the interior joints ofthe
Eire sprinkler system, tear down of the building and transport to the new site. This does
not include charges for electrical, plumbing, HVAC and other disconnection services.
Bill, if you should require any additional information, please let me know.
Thank you.
Respectfully,
NO EX MODULAR SPACE
Daniel V, Rasmussen
NW Regional Manager
3031985-1966 3031985-4660fax dan-raSMt4SS911(a�,nnrte__Vmntdltrltqyr cons
Wwwatartexinodulancom
' Message
Patty McKenny
From: Norman Wood
Sent Tuesday, July 25.2O0S2:OUPPW
To: PattyyWcKenny
Subject: RE'. Traer Creek lease
Patty: L~
|heve:
Phone: 940-0187 / Cell:
These could be either Jim Pyke or Bill Hammer.
Norman Wood,
Town Engineer
Phone: 970-748-4045
Fax. 970-949'5749
Mobile: 970'390-2138
----- Original Message -----
From: PottyMcKenny
Sent: Tuesday, July 25,ZU061:55PM
To: 'John Dunn'' ' Norman Wood
Subject: RE: Traer Creek lease
,sure does anyone have a number for him?
376-O3QO
----- Original Message -----
From: John Dunn [mailto:jdunn@jwdunniaw.com]
Sent: Tuesday, July 25, 2006 1:48 PM
AP
Page 1 of 3
��
To: Patty McKenny; Norman Wood
Subject: RE: Traer Creek lease,
What Norm attached ���mcof Exhibit A but not Exhibit B. 8issupposed to be elevations and a
depiction of the exterior. mJ|Pykc?
John W. Dunn
John W. Dunn & Associates, LLC
Attorneys At Law
P. O. Box 77l7 '
Avon, Colorado Dl620
_�.
(97O)748-64O0 Telephone
(970) 748-8881 Fax
jdunu��vvduou|mvzom
Privileged/Confidential Information may be contained in this message and any related attachments, If you
are not the addressee indicated in this message (or responsible for delivery of the message msuch person),
you may not copy, review, distribute or forward the contents nftbianoousugaunuuynoc. In such case, you
should delete this message from your computer and kindly notify the sender by reply email. Thank you.
--- ]hgina|Message ---
Fromm: Patty McKenny[maiUo:PMckenny@avon.org]
Sent: Tuesday, July 25,2UO611:21AM
In
From: John Dunn Udunn@jvvdunnlaw.oun]
Sent: Tuesday, July 25.2UO81:4OPM
To: Potty MoKenny; Norman Wood
Subject: RE: Traer Creek lease
What Norm attached takes care of Exhibit A but not Exhibit 8. 8is supposed tobe elevations and o depiction of
the exterior. Patty can you call Pyke?
John W. Dunn
John W. Dunn &Aeoociatos. LLC
Attorneys At Law
P.O. Box 7717
Avon, Colorado 81G2O
(970) 748-6400 Telephone
(970) 748-8881 Fax
]dunn@jvvdunn|am.00m
Privileged/Confidential Information may be contained in this message and any related attachments. |f You are not
the addressee indicated in this message (or responsible for delivery of the message to such person), you may not
cupy, review, distribute or forward the contents of this message to anyone. In such oose, you should delete this
message from your computer and kindly notify the sender by reply email. Thank you.
----- Original Message -----
Fromm: Patty McKenny[maiho:PMckenny@avon.ong]
Sent: Tuesday, July 25,IOO611:Z1AM
To: Norman Wood; John Dunn
Subject: RE: Traer Creek lease
So I shall include this as the exhibit that that lease agreement, correct?
--f]hgina|Message ---
From: Norman Wood
Sent: Tuesday, July 25,ZOO61Z:OOPM
To: 'John Dunn'; Patty McKenny
Subject: RE: Traer Creek lease
Maybe this is it. Jim Pyke dropped this off this morning with a Right-of-Way Cut Permit Application,
ilk
Norman Wood,
Town Engineer
Phone: 970-748-4045
Fax: 970-949-5749
Mobile: 970-390'2136
----- Original Message -----
From: John Dunn [maiko:jdunn@jwdunn|ow.com]
Sent: Tuesday, July Z5,ZOO611:GOAM
To: Norman Wood; Patty McKenny
Subject: RE: Traer Creek lease
�����
' Message
Page 2 of 2
So much for payin g attention. It was the responsibility of the charter school people to generate those
exhibits. I have never seen them.
John VkDunn
John YV. Dunn &Associates, LLC
Attorneys A1Law
P.O. Box 77l7
Avon, Colorado 8l62O
(970) 748-6400 Telephone
(970) 748-8881 Fax
jduno@jv/dnoolaw.com
Privi Information may be contained in thismuosulze andmnv related attachments.
D you are not the addressee indicated in this mesyage(or responsible for delivery of the mesyage to
such person), you may not copy, review, distribute or forward the contents of this message to
anyone. In such case, you should delete this message from your computer and kindly notify the
sender by reply email. Thank you.
----- Original Message -----
From: Norman Wood [maiKo:NVVood@avon.org]
Sent: Tuesday, July 2S, 2006 10:49 AM
To: John Dunn; Patty McKenny
Subject: RE: Traer Creek lease
John:
This ie the Exhibit ho the Traer Creek Lease. | believe the missing Exhibit ishothe
Charter School Agreement.
Norm
Norman Wood,
Town Engineer
Phone: 970'748-4045
Fax: 070'049-5749
Mobile: 970-390-2136
----- Original Message -----
From. John Dunn [mai|to:jdunn@jvvdunn|aw.com]
Sent: Tuesday, July 25,2OO6 11:28 AM
To: Patty McKenny; Norman Wood
Subject: Traer Creek lease
Exhibit attached.
I Message
To: Norman Wood; John Dunn
Subject: RE: Tr erCreek|ease
SoIshall include this as the exhibit that that lease oareement,correct?
----- Original Message -----
From: Norman Wood
Sent: Tuesday, July 25, 2006 12:00 PM
To: 'John Dunn'; PattyMoKenny
Subject: RE: Traer Creek lease
Page 2 of 3
Maybe this is it. Jim Pyke dropped this off this morning with a Right-of-Way Cut
Permit Application.
Norm
Norman Wood,
Town Engineer
Phone: 970-748-4045
Fax.- 970-949-5749
Mobile: 970-300-2136
----- Original Message -----
From: John Dunn [mai|tojdunn@jwdunn|aw.com]
Sent: Tuesday, July 2S, 2006 11:50 AM
To: Norman Wood; Patty McKcnny
Subject: RE: TraerCneek lease
SO 111LICII for paying attention. It was the responsibility of the charter school people
N generate those exhibits. T have never seen them.
John VKDunn
John YV. Dunn & Associates, LLC
Attorneys /\tLaw
P.D. Box 77l7
Avon, Colorado 8l620
(97O)748-6400 Tu|upbnno
(970) 748-8881 Fax
Pdvi Information may bccontained in this mussaae and any
related attachments. K you are not the addressee indicated in this message (or
responsible for delivery of the message to such person), you may not copy, review.,
distribute o« forward the contents of this message toanyone. ln such case, you
should delete this message frorn your Computer and kindly notify the sender by reply
cmui|. Thank you.
----- Original Message -----
From: Norman Wood [naiKn:NVVood@avon.opg]
Sent: Tuesday, July 35, 2006 10:49 AM
To: John Dunn; Patty McKenny
Subject: RE: Traer Creek lease
John:
This is the Exhibit to the Traer Creek Lease. | believe the missing
Exhibit is to the Charter School Agreement.
Message Page 3 of 3
Norman Wood,
Town Engineer
Phone: 970-748-4045
Fax: 970-949-5749
Mobile: 970-390-2138
--+Jrigina| Message -----
From: John Dunn [mai|bzjdunn@jwdunn|aw.com]
Sent: Tuesday, July 25, 3006 11:28 AM
To: Patty McKenny; Norman Wood
Subject: Troer Creek lease
Exhibit attached.
TO: TOWN COUNCIL
FROM: TOWN ATTORNEY
RE: STONE CREEK ELEMENTARY SCHOOL
DATE: May 8, 2007
The Council is asked to approve a Waiver of Owner/Lessor (Fixtures) in connection
with Stone Creek Elementary's financial arrangements with Wells Fargo Bank. In essence, the
Town is granting the Bank permission to enter upon Town property to remove the Nortex Modulars
in the event of a default by the School. The form is based upon a standard one used by the Bank
and, of course, is a standard requirement of the Bank in these circumstances. Nothing in the
requirement should reflect adversely on the School. The Bank has been cooperative in allowing the
standard form to be modified to fully protect the Town.
Given the Town's support of the School, it is the recommendation of staff that the
form be approved as part of Council's consent agenda.
JWD:ipse
`
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the day
and year first written above.
BAN K:
WELLS FARGOBANK,
NATIONAL ASSOCIATION
By:
J. Michael Roman, Vice President
FM WRINT14, 1:4 "N
TOWN OFAVON ATTEST:
By
Ronald C. Wolfe, Mayor Patty McKenny, Town Clerk
State of Colorado
County of______
The foregoing instrument was acknowledged before mo this May ___ 2007 by
Ronald C. Wolfe as Mayor and Patty McKenny as Town Clerk of the Town of Avon, a Colorado town, on
behalf of the town.
(Notary's official signature)
SEAL
(Commission expiration date)
State of Colorado
County of______
The foregoing instmmentwasacknmwledgedbefonemethis May __2007by
J. Michael Roman as Vice President of Wells Fargo Bank, N.A., a national banking association on behalf
of the association.
SEAL
(Notary's official signature)
(Commission expiration date)
C-307_CO.000(nev.04/05) -2-
AULLENNIUM BANK
Your Private Bank
IRREVOCA13LE LETTER OF CREDIT
I}uto: September l, 2006
Aoiouot: Q250,000.00
Nouzbuc: 99442
Expiration: September 1, 2007
T(}: Town of Avon, PO Box 9?5, Avon, Colorado 8|62O
BENEFICIARY: Town o[Avon
SUBJECT: Stone Creek Elementary
We hereby open our Irrevocable Letter of Credit in favor of the Town of Avon, mits
designees, available by drafts drawn on Millennium Bank at sight for any sum not
exceeding the total uf TWO HUNDRED AND FIFTY THOUSAND DOLLARS
($250`OOO.O0),00 the account uf Stone Creek Elementary, Each draft must bear upon its
face the clause, "Drawn under Letter o[ Credit No. 9g442' dated Scp1elnborl'2O06o[
Millennium l]unlc_'' Each draft must bu accompanied b7auta1oruun1 signed hythe
Mayor, or his designee, a1utina under oath that obligation required by the Town ofAvon,
Colorado, has not been completed.
Partial are permitted, but the oonzbbzcd draws by the Zop/o of Avon, or its
designee cannot exceed the amount o[ this Letter of Credit. Iii addition, the Tovvoof
Avon must give bvonLy-fbur (24) hours notice prior to exercising partial and or oonzhiocd
draws ou the Irrevocable Letter ofCredit. Drawings pursuant to this Letter of Credit are
to be used by the Town of Avon, or its agents, assigns', or designees on behalf of Stone
Creek Eloozeo1ury' regarding the restoration bond for the land leuuu` either in accordance
with the original pluuouudapociOoa1ioos,orustboyruuybeznodifiodby|bcTowoo{
Avon. The Town nfAvon abo]| act aa the a11ocuoy-io-IautofStone Creek Elementary in
oonTplc{iog such restoration.
T]oou completion u[ the improvements as required hv the Town uf Avon, the Mayor shall
furnish ao affidavit o[ completion 10 the bank, and upon receipt thereof, the batik shall bo
relieved of all responsibility or liability Linder the terms and conditions of this Letter of
Credit. Wc agree that the bank may not revoke this Letter o[ Credit until these conditions
have been satisfied or until the date shown above, unless otheilvise a-reed to by the
Town ofAvon.
970569�5653uJep6nnu
970.56956546z
1140 6Jnaudu B|r(l
SuiteDl02'lO4
Post Office Box -464O
IRREVOCABLE LETTER OF CREDIT
Town of Avon
September 1, 2006
Page 2
The amount of each draft, which is negotiated pursuant to this Letter of Credit, together
with the date of negotiation, must be endorsed on this Letter of Credit.
We further agree with you that in the event this Letter of Credit is wrongfully dishonored
by us, and you find it necessary to enforce the teams and conditions hereof by legal
proceedings in which you prevail, you shall be entitled to interest at the legal rate from
the time of bringing this action and reasonable attorney's fees and such other relief as
may seem proper to the Court.
This Letter of Credit is issued subject to the most recent revision of the Uniform Customs
Practice for Documentary Credits, hiternational Chamber of Commerce Publication No.
500.
We further certify that any officer of the Millennium Bank is authorized to issue letters of
credit of this nature.
Sincerely,
11'-)
p--/
Mary B. ,alndall
President of Vail Branch
MBWtt
Patty McKenny
From:
oynthia [cyndhia@wrbaedgeino.com]
Sent
Tuesday, January 16.2OO74:10PM
To:
Patty[NoKenny� Larry Brooks
Cc:
rjukes@stoneoreekachooiorg
Subject:
Town Council and Stone Creek
Dear Patty and Larry,
|am touching base on behalf of the Stone Creek School Board of Directors to firm up the details of our meeting with the
Avon Town Council next week.
Our full Board will attend, ready to present to the Council members our current situation and future plans es they relate to
our lease, our facility and growing the school community.
| understand from Robin Jukes that Patty needs our packet ofmaterial by this Thursday at noon, | left Patty e voice mail
and would love to hear back from you so| can be clear on this request.
| also want to confirm that we a|ahad for 3:00 PM on Tuesday. Jan. 23rd at the Municipal Building? | am not sure that
whether | have the time correctly?
Many thanks for everyone's patience as we have worked to organize our team. VVe are anxious to share our progress and
to discuss the Town's ability to support our efforts.
Regards,
Cynthia
'
Cynthia Forstmann
Director, Stone Creek School Board
328-O786—office
390-3841 cell
Patty McKenny
To: cynthia@whheedgeinu.00m .
Cc: rjukee@stonecreeksuhooiorg; Larry Brooks
Subject: RE: Town Council and Stone Creek
Attachments: Stone Creek Materials 2006.pdf
Stone Creek
atera|s 2086.pdf
Please find attached the following:
Minutes from 11/14/OG&11/28/OG
Memos from 11/9/06 & 11/20/86 (thatvvare provided for the meetings on 11/14 & 11/28). Note that the current least
agreement isin|uudedin the memo dated 11/Q/O8. FYI, the agreement has not been amended.
Please provide names of people attending this meeting and a contact list of people affiliated with Stone Creek Elementary
School. Again. |'|| look for your materials on Thursday around noon
PoUyMuKenny
Town Clerk
pmckenny@avon.org
(970) 748-4035
fax (87O)S4Q'A139
----- Original Message -----
From: cynthia [ma i Ito: cynthia@writeedgoinc,com]
Sent: Tuesday, January 1S.2OO74:1QPM
To: PattyPWoKenny� Larry Brooks
Cc: rjukeo@otuneonaekschoo|.org
Subject: Town Council and Stone Creek
Dear Patty and Larry,
I am touching base on behalf of the Stone Creek School Board of Directors to firm up the details of our meeting with the
Avon Town Council next week.
Our full Board will attend, ready to present to the Council members our current situation and future plans as they relate to
our lease, our facility and growing the school community.
| understand from Robin Jukes that Patty needs our packet ofmaterial by this Thursday at noon. | left Patty voice mail
and would love to hear back from you sn| can be clear on this request.
| also want to confirm that we slated for 3:00 PM on Tuesday. Jan 23rd at the Municipal Building? i am not sure that
whether | have the time correctly?
Many thanks for everyone's patience as we have worked to organize our team. VVe are anxious to share our progress and
to discuss the Town's ability to support our efforts.
Regards,
Cynthia
Cynthia Forstmann
Dineotor, Stone Creek School Board
328-0786 office
390-3841 cell
To: Honorable Mayor and Town Council
Thru: Larry Brooks, Town Manager
From: Norman Wood, ToNvii Engineer
Date: November 9, 2006
Re: Stone Creek Charier School - Request for Waiver of Tap Fees
The Village (at Avon) Filing 1. Lot 5 -
Summary: Bill Hammer representing the Slone Creek Charter School has requested
that the Town of Avon Nvalve or pay all water and salutary sewer related tap fees associated
NvIth temporary school facility located on Lot 5. Ills request is based on. the School is leasing
the site from the Town and as such the Town should be responsible for pro-,,,]chng utilities.
Paragraph 10 of the "Stone Creek Elementarv, School Lease Between Town of Avon and
Stone Creek Elementary" (Exhibit A) states, "The School shall be responsible for all utilities
furnished for the premises." This condition in the Lease is consistent With Status of current
plans and use of the site. The To,,vri has been using this site for sno-'v storage and has no
'fie plans for other uses on the site. The 2007 Capital Projects Fund Budget
flinriediate or specific Oj
-
Includes development of a Master Plan Development for the Sivifi Gulch Public Works Site
and the Village Lot 5 Site. That Master Plan may well define a specific use and development
future Nvater and sanitary seN
ver
time frame for Lot 5 which would also help determine f
requirements for the proper t . Payinem of Tap Fees prior to having a development plan and
schedule is premature and likely a poor investment.
nvestment.
It has also been implied that the Town of Avon is the recipient of at least some of these Fees
and as such the Town should not be collecting Tap Fees in addition to the Lease payment.
The attached Slone Creek Charter School Tap Fee Breakdown (Exhibit B) includes a Table
sjloNv,ljp retained Y -y
showing ljov,, much of the Tap Fee Revenues are i ned b� each applicable entity. It should
be noted that the Town of Avon retains NOINE of the S 46,37/17 in associated Tap Fees for a I-
inch water sen'tice on this site.
One alternative is to follow the agreement as written and the Charter School is responsible 161
all Tap Fees required for their use.
1:Engineering AN o" VJ layc 2,0 Fi I jnL, I '4xi 511 ap Fee Ml ell Io- I Do,
A second alternative that Council may wish to consider is to amend the Lease Agreement to
1) Reimburse the Charter School for the base water Tap Fee (S 10,400) for a ]-inch Tap.
This Tap would remain with the property and we would have a pre -paid ]-]'rich Tap that
would be available to the Town for use with future site development. This Fee would be
forwarded to Traer Creek Metropolitan District which in turn is obligated to forward 210%
'0
(S21.080) to Eagle -Vail Metropolitan District per Paragraph 3. A., B. and C. the "First
Irst
Amendment to Water Service and lap Fee Allocation Agreement" ent" (Ex-hibit C) bet\�/eeri
Eagle-Vail Metropolitan District, Town of Avon, EMD Limited Liability Company (Traer
Creek Metropolitan District) and the Upper Eagle Regional Water Authority.
2) Stone Creek Charter School finalizes agreements with other applicable entities for
deferred payments for remainder of Fees. These Fees would be credited to the school and
could be applied to the new school location as applicable. Traer Creek Metropolitan District
has agreed to waive The Villager (at Avon) Incremental Sewer Ta p Fee (I -inch meter
S3.921.00) and Water Development Fee (I -]rich meter 55.200.00) for one-year for Stone
Creek Elementary School per attached letter (Exhibit D). This Fee, if paid, would only be
transferable to a new school location If it were located somewhere in The Village (at Avon).
Eagle Pj\,ey Water and Sanitation District sexver tap fees should be transferable to any other
location within the boundaries of the District and the Upper Eagle River Regional Water
Authority plant investment fees should be transferable to anv location within the boundaries
of the AuthorItAl.
,""Ith this arrangement the Town would prepay for a I-Inch water service tap that would
remain Nviih the site but Nvill be unused ibr an indefinite period of time. The Charier School
would make deferred payments on the remainder of the Nvaier and seNvcr related tap fees and
would receive credit fior all fees paid If they locate to another site Nvithin The Village. if it
relocates to an area outside The Village bill within the Boundaries of ERW&SD and the
' L
UERNVA thev «vould receive credit for all fees paid with the exception of deferred fees paid to
the Traer Creek Metropolitan District
Due to the In2h1v sensitive nature of this issue we recommend the Council follow the above
second alternative and propose all Amendment to the Stone Creek Elementary School 1-casc
BeiUveen Town of Avon and Stone Creek Elementar", to:
1. Provide that the Town will pay the Base �,\7atcr Tap Fee for a I -]inch NNI'mer scj-\,jcc lap
and the water tap NvIll remain with the property.
2. Allo\\v the School to make arrangements with other applicable entities to transfer all
other water and sewer related tap fee payments and I-12his to the future location of the school
as may be applicable.
I Fmmwemw_A�nn Village - .0 Fihiv, 1 J,oi S Tar Fee Memo-1,Dor
(71
Recommendation: Authorize preparation of an Amendment to the Stone
Creek Elementary School Lease Between Town of Avon and Stone Creek Elementary to:
1. Provide that the Town will pay the Base Water Tap Fee for a 1 -inch water service tap
and the water tap will remain with the propert}.
2 Allow the School to make arrangements with other applicable entities to transfer all
other water and sewer related tap fee payments and rights to the future location of the school
as may be applicable.
Alternatives: Leave Stone Creek Elementary School Lease Between Town of Avon
and Stone Creek Elementary as it exists with the provision that, "The School shall be
responsible for all utilities furnished for the Premises."
Proposed Motion: I move to authorize preparation of an Amendment to the Stone
Creek Elementary School Lease Between Town of Avon and Stone Creek Elementary to:
1. Provide that the Town will pay the Base Water Tap Fee for a I -Inch water service tap
and the water tap will remain with the property.
Allow the School to make arrangements ,vith other applicable entities to transfer all
other water and sewer related tap fee payments and rights to the future location of the school
as may be applicable
Town Manager Comments:
c ej,
C //C�
4, A - "A
7'
ie� I C,- l'i 7 r -
�
C ck
�IX4 7Z X /z J C
L
_477- 7 C., 1,�
Attachements:
Exhibit "A" Stone Creek Elementary School Lease Between Town of Avon and Stone
Creek Elementary
Exhibit "B" Table 1: Stone Creek Charter School Tap Fee Breakdown
Exhibit "C" First Amendment to Water Service and Tap Fee Allocation Agreement
Exhibit "D" Traer Creek JJ\Ictropoljtan District Letter I -inch Incremental Sewer
Tap Fee and Water Development Fee for One Year for Stone Creek
Elernernar\
Exhibit "E" Lease Agreement Between The Tov,-ri of Avon and Traer Creek IZP,LLC
Lnemeermp 4 CIE \ iHIT"2Ci Fihna 1 LU Fee Mcnio- Mo,
TOWN OF AVON, COLORADO
RESOLUTION 06-30
SERIES OF 2006
A RESOLUTION APPRON71NG A LEASE BETWEEN THE
TOWN AND STONE CREEK ELEMENTARY SCHOOL
WHEREAS, Stone Creek Elementary School has requested that the Town enter into
a STONE CREEK ELEMENTARY SCHOOL LEASE BETWEEN TOWN OF AVON AND
STONE CREEK ELEMENTARY ("the School Lease-) whereby the Town will lease Lot 5. The
Village at Avon, Filing I ("Lot 5"), to Stone Creek Elementary for a term from July]. 2006, to
June 31. 2007; and
WHEREAS, Lot 5 is currently designated as a public works site pursuant to the
Annexation and Development Agreement for The Village (at Avon); and
WHEREAS, by Resolution No. 06-29 the Town Council approved a LICENSE
AGREEMENT between the Town and Traer Creek RP. LLC to provide to the Town an alternative
public works site during the term of the School Lease:
NOW, THEREFORE, BE IT RESOLVED:
1. The School Lease. a copy of which is filed with the minutes of this meeting. is
hereby approved.
2. All action heretofore taken by the officers of the Town of Avon relating to the
same is hereby ratified, approved and confirmed.
]'his Resolution is contingent upon the adoption of Resolution No. 06-29.
ADOPTED at a regular meetine of the Town Council of the Town of Avon the 13th
day of June, 2006.
Ronald C. )Volfc. Mayor V
ATTE,ST:
ISE A L
p
STONE CREEK ELEMENTARY SCHOOL LEASE
BETWEEN
TOWN OF AVON AND STONE CREEK ELEMENTARY
1. PARTIES. The parties to this Lease are the TOWN OF AVON, COLORADO
(Town), a Colorado municipal corporation, and STONE CREEK ELEMENTARY
(School), a Colorado Nonprofit Corporation.
2. PURPOSE AND AUTHORITY. The parties enter into this Lease for the benefit of
the School for the education of the children of Eagle County. C.R.S. § 31-15-
713(1)(c) grants to the Town the right to enter into this Lease.
PREMISES. The To-,vn hereby leases to the School the surface rights for the
property described as Lot 5, The Village at Avon, Filing I (Premises), sitriated in the
Town of Avon, Colorado. Attached as Exhibit A is aschernatic map depicting the
building, parking lot, plat ground. utilihiles and other improvements, all of which
shall have the prior approval of the Town staff. Attached as Exhibit B are elevations
of the building includinp- depiction of its exterior construction.
COVENANT OF QUIET ENJOYAJENT. The Town warrants that it owns the
Premises in fee simple: that the property is clear and clear of all liens and
encumbrances: and that it has the full right and authority to enter into this Lease, The
Town -vvarrams that the Scl'001 shall enjoy the possession and use of the Premises in
peace and without disturbance or interference.
5. TERM OF LEASE. This Lease shall commence on July 1. 2006 and shall continue
for a period of one year. endirip, June 31. 2007. The Premises are currently in use 1)-_�,
the Town for sjio\,%* storage and in the future will be a pernianent public works site_
During the term of this Lease and for the term of this Lease, the Town will enter into
a lease Avid, Traer Creak RP. LLC for a replacement site described as a part of Tract
13- The Village (,-ii Avoni). Filing 3. Upon iernimation of that that lease, the Town will
have an immediate need for the premises which is recognized by the School. This
Lease w
fl] therefore not be renewed or extended for any reason, The School v,7111
inform its teachers, parents and students of this provision and will actively discourage
them fi-om ciiiy efforts. whether before the Town's council or in the press, seekillf—I
extension or relle•N"il of this Lease. The School will provide the Tovvii with quarterIv
Nvritteri reports describing its efforts at locating a permanent site.
6. RENT. The School shall pay rent of T\YENITY-ONE THOUSAND TWO
HUNDRED Dollars (S21.200", per vear. S;5,000 of which shall be due and payable on
the first day of the Lease. and the balance of",vh1ch shall be due and payable on
October 1 2006, The School shall also pay any real propeny taxes assessed against
the Premises and :iiiv additional insurl-Unce costs incurred by the Town.
I
OBLIGATIONS OF THE SCBOOL.
7.1 Dacl<eairirdon. The School shall uscthe Premises only for school purposes
and jocnonpUoucc with ally and all restrictions contained ioIts Charter and
stale law, any and all restrictions contained io the approval ofu special rcvcw
use by the Tovm and any and all restrictions contained io the approval of tile
The V3/aE!eDesigo Dcvie`vBoard. The School ohuD extobUob and maintain uo
oonrcoobpmgrum fbr'^at-rlsk" children and shall provide eviJoocczboroof/n
tile 7 own along with quarterly reports us10 the success of that progrmn.Any
uon'scbo}as/icosoof the Premises shall have the prior approval of the Town
n
staff. In the c`'co/ the School persists io using the Premises for upurpoac other
than school j)Luposes in violation oftlus Lease or violates the restrictions as
aforesaid, dhcTm�mznoy terminate this Lease bygiving inrv/��e000�ocof
the vio/adoo. The School sboJ} then uouoc the Premises for the remainder
of tile
7.2 Right (uCore. Dpooreceipt oIa notice of violation or presumption of
obuodonrnco1,thaScboolsbullhavctbcdgb1mcurcyochvin]ubnov/ithio]0
days ofsorhno/icobe/6rc(6cTomm may terminate the School's /easobo|d
�n(ercu{ for 'lo}nijoo oriohiatc o civil action Ili the District Court for Eagle
Cunn1y, Cn.;nodo.
7.3 Pnrobosc/.[1o/pror,mco/s. VVbon this Lease ia terminated, the School shall
remove nijd Lill inipi-m,eirients that it may have erected on the Premises and
rcs mr ooid premises to essentially the same condition which existed at tile
inception of this Lrasc,/o|6esxriofac1ioo o[ the Town. The School shall
prov�doa��mro:n-bnnd�nihoomono!ofS25O�O0.io the form ofcash,
]cliczof'ozdii nrmbcrsecohry acceptable 10 the lop/o iobs sole discretjoo, to
8. INDEJMN]B��T10N AND LIABILITY INS�DANCE.Io the extent permitted
6y law- the Sdzoo| rhnD indmnni[vood keep harmless the 7mmfrom: l) an),
expense incurred ]-.)y/heTonnincmcl'ineinuoand performing this Lzasc-,2) art), and
all losses. damaccs.rhnrL)csorc|uims�irisiop out nf the operation ofu school facility
oo Town propcn!'. nidhou/]icnn|o|ioofrom aoyvio|abooso[TbcVillage
Design Review B ondTonnopprovaJy. the School's Charter or state law ;3)aoy
and all looscs' doroLcu, dmrecs urcloncox rcsoldog from personal in�jory, death or
propern,daloaLl,, nn the Premises: and 4) any costs, including attorney's
fees.wbobr. �c Tov,,n Anornc?or other attorneys, relating to2) through 4)
__ _
8.1 TbcSchon, ondnminiaiouo all times. cU Its sole expense. ageneral
liabi]il", in'' j-"}ic7x6|h respect in the Prcrniscm(o which the limits of'
liability sh �.c nm less ir*roiOion dollars (S2.00O.00O) for each occurrence
and wilhu� covonipeof not less than five million
C35.O0D.0'
8.2 All general lability insurance required of the School shall include the Town as
an addhloi-,:.;' insured and shall include a provision requiring the insurer to give
the Town flilt-ty (-,0) days notice prior to cancellation.
8.3 Certificates of insurance issued by the Insurer shall be filed by the School with
the Town 10 days aher the date of this Lease is executed by the School.
PROPERTY 17\`�'JRANCE. The School shall obtain and maintain during the term
of the Lease and --, renewal period, properly insurance in an amount equal to or
greater than the c :cnt appraised value of the school buildings and other
improvements or �-.e Premises to insure said improvements with respect to fire, flood,
and other typical It:_:d liazards, and certificates of such insurance issued by the
insurer shall he f',.' by the School with the Town within 10 days after the date of
completion of the = tiddM2 and other improvements. The School agrees that if any or
all of said impi-c- _'-Ilts are damaged or destroyed, said damage shall be promptly
repaired or repl:ir improvements promptly erected on the Premises by the
School. apply1m., --clo am, inslir'-.11cc payments received by it-, provided, however,
that if said damn r destruction exceeds 50% of the current appraised value of said
improvements. i',- cbooi Shall he required to repair or replace said improvements
0111N, in the evell, reasonable !i flint time for it to continue operating a school on
the Premises.
10.
UTILITIES. T1
Shall he responsible for all utilities furnished for the
Premises.
M
MAJNTENAN!
l,e Scl-,nol Iin]] keep and maintain the Premises. including
improvements :1,
d healthful condition, making repairs
"'Ciplioll, ill 1 "'on- clean I US
as necessary at is
C COST and expense. The School shall be responsible for snow
removal at is sul!
si and expense.
12.
EMY'ROVEME'
Tlie School with consent of the Town staff and at its sole
cost and expensc
11-1V lime Mld from time to time make such alterations, changes.
replacements. in
Cine"lls -iiid ions to the Premises and the buildings and
improvements ti
11 ,,F it 11lav d desirable, including the demolition of any
building. impro,,
'Clod/or s1miciure that now oi- hereafter may be situate or
erected on the P,
es. provided ifiai the use of the Premises as a school site is not
thereby perniam-
terminated Or abandoned. nor curtailed for a period of time
longer than rcns
y iequired, i,-, ;Tct such alterations, chances, replacements.
improvements_ C
13.
LIENS. The
-filed against the
not sil, OF permit lien to be asserted or
Pi-en)jses arls]JIL
-m- ties. If a lien is asserted or filed aeallisi
fits ojwlel, F ac m— I
the Premises. ll,
nn! diall pn l: ,; ihl cause the lien to be removed. Upon failure to
do so, fl-Je Tr\ 'r
Q� ,olsiI v and the lien to be removed and the School agrees
to re"rill,Lirse I!_
;_j 031 dcm,1r, the costs and expenses of any such proceeding.
I
14. CONSULTATJ( '. The parties acknowledge that, over the term of this Lease issues
may arise concern.
'i_g injaplernentation of this Lease that the parties have not noNv
contemplated. R, gnizing that a 11*211 level of cooperation between the parties is
.
necessary and des- ible, the pal-LIUS agree to consult with each other from time to time
concerning this
Le ,a. The parties further apree that their respective representatives
Will Meet To Cond� : such consultation upon 10 days written request given by one
party to the other
1-ty. In addiijon, each party shall from time to tirne designate in
writing such Part,
"contact person" for all matters involving the administration of
this Lease..
Is. NOTICES. Any,
lice required or neriniaed by this Lease shall be in writing and
shall be deemed it
nave been stif'!Iclenth cy'ven for all purposes if sent by certified or
registered mail, p
age and fees repaid, addressed to the party to whom such notice
is intended to be
en at the address set forth on the signature page below, or at such
other address as 1.
been prevjou-'Y furnished in writing to the other party or parties.
Such notice shall
deemed to hnve been given when deposited in the U.S. Mail.
16. DEFAULT A.N1l'
R TER TVI TNATT ON. All terms and conditions ofthis Lease are
considered nialerl
i In the ever: :il either parry defaults in the performance of any
of the covenants (,
:geemeriis to i hcp
�t. done or performed by and under the
requirements off
?_ease. the n, party shall give the defaulting party
written notice of
h default f ii-;e defaulting party fails. neglects or refuses for
a period of more
ii 10 days to cure the default, then the non - defaulting
party, without ftii
c-r notice. ma%. in addition ion to any other remedies available to it,
terminate all ri p-
eJ in this Lease and this Lease shall be of no
further force or e!
ct. 11 the I'0 j),iriv elects to treat this Lease as being 11-1
full force and eff,-�
�. the non-def,. :111L,, parry sha 11 have the right to an action for -
damages. The T(
further SN' In the event of default, 1) to correct the
default itself an~
S-sess the cc eof-io the School, together with interest at the
rate of eighteen, r
percent PC- ��ll 1ccl-ulliP from the time of assessment and 2'f
to collect 1,11teres!
the rate ofcl: ert (I 8) percent per annum from the time of
default in the ev _
)fanv 111ollo: ill�
17. WAIVER OF P
'A CH. Tho I- party to this Lease of breach of inv
term or ]-_)rovjslo1-
'?iljs Lease ;iol rileraie or be construed as a waiver of any
subsequent breac
any parly.
18, ASSIGNMENT
:either part,, s Lease shall transfer or assign any interest in
the Premises 1vi,
t 1-13-si obiair jilen consent ofthe other part-,,.
19. SEVERABILP
fli-is I-case or its application is finally
dCieniiined 1c.) he
by a court of competent jurisdiction.
such provision S1
De deemel'i C1,111fle- and all other provisions of this Lease
shall remain fill',-
forceable. Lease shall be interpreted in all respects as if
such provisions _-
onlitted-
9
20. PARAGRAPH t 'APTIONS. Tl�e captions of the paragraphs are set forth only for
convenience and 2ference,and i,,ei-iot intended in any �va)lto define, limit, or
describe the scoff-.: or Intent of Lease.
I
21. ADDITIONAL I)OCUMENT M% ACTION. The parties agree to execute any
additional docur- nts and to tak,,, :lny additional action necessary to carry out this
Lease.
22. INTEGRATIO' AND AMEN' '01 T. This Lease represents the entire agreement
beoveentheparl' s and there ai,, or�il or collateral agreements Or understandings.
This Lease may I c-, amended onj-, in instrument in'writing signed by the parties.
23. NO THIRD PA"T11 BENEP I," 'None of the ternis, conditions or
covenants set fo'r 1 in this Lease give or allow any claim, benefit or right of
action by any dw, I person not a r:!r[y to this Lease. Any person other than the parties
to this Lease Nvl' )r which rec(' ices or benefit-, under this Lease -hall be only
an I M 'dental be, lejar,
24. GOVERNING 1,A)A7. This Lc; be deelned to have been made in the Stale of
Colorado, shall 1~ � Construed 111- of the Stale of Colorado and shall be
t,indillL, upon -w- Inure to the I)- of the successors and assigns of the parties to
this Lease.
25- IN M I ' ]NITIES ZESERVE1J. ihc intention of the parties that this Lease shall
not be construct; s a contractu.cr of any immunities or defenses provided by
the Colorado Go 111-ninernal lmr 24-10-101 ei seq., Colorado Revised
Statutes.
26. PATE. 2006
CREED ELEMENTARY SCHOOL
ni %voNT
itionald C Wolfe. Mavor
0
ATTEST:
P b4dKenny, 'Pok Cl I
STATE OF COLORADO
ss,
COUNTY OF EAGLE
Subscr ed ai-f s"loni to bc!orc me this day of 2006, by
w litcaytis4t6APioNi President of Stone 7-vk Elementary School, aC--olorad nonprofi
corporation. C�
Tlitness my hand and official
Ady comnislon expires:
STATE OF COLORADO
COUNTY OF EAGLE
G
TI b I i c
OYO
Mycommi n xoiras a*m%w,,,,
The foregoin,,, document Nmnchbed and s"rorn to before me this LA 4
day of JfL 4
by Ronald C. WN? as Mayor and Patty,NIcKejiny as Town Clerk
of the Town of Akron.
JVIY commission expires:__
Tomas my has
"knary )ublic
OF cc A
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7/25r-OG6 10.47::7 AM
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11
RRSLAMENDMENEIQ_))%aTER �rRV��I a?�Tn
TAP EEE ALLOCAILOXAGREEMEINT1
THIS AGREEMENT is made and entered into this�� day of
1999, by
and between the EAGLE-VAIL METROPOLITAN DISTRICT, a quasi-municipal corporation
and political subdivision of the State of Colorado (the "District"), the TOWN OF AVON, a
Colorado municipal corporation on ("Avon"), and EMD LIMITED LIABILITY COMPANY, a
Colorado limited liability company. PVRT NOTT I LLC, a Colorado limited liability company,
PVRT NOTT 11 LLC, a Colorado limited liability company. and PVRT NOTT III LLC, a
Colorado limited liability company (hereinafter collectively referred to as "EMD LLC"). The
UPPER EAGLE REGIONAL WATER AUTHORITY (the "Authority "), a quasi - municipal
J -ado. agrees to be bound by the terms
corporation and political subdivision of the State of Colorado, g -
-
and provisions of this Agreement as though a party to the Agreement 10 the extent obligated by
its terms and conditions,
A. WHEREAS, E'J%4D LLC and the District entered into a water service agreement
(the "Water Service Agreement") dated May 15, 1997, and agreed to by the Authority, by which
service the District and the Authority agreed to provide water to property owned by EMD LLC,
pursuant to the terms and conditions contained therein,
B. WHEREAS, EMD LLC is the owner of approximately 1,759 acres in Eagle
County, Colorado, which land is more specifically described in the Water Service Agreement
(the "Properly"),-
C. WHEREAS, Avon and the District are Contracting Districts. as that teen is used
and defined in the Water Service Agreement, and pursuant to an Intergovernmental Agreement
entered into by participating districts,. dated September 18, 1984, and one of the functions or
I -
s i provided ll� the Authority is the provision of treated -eater to the Contracting
services to be provi
Districts. their Inhabitants and others;
D. WHEREAS. the Property is situated such that either Avon or the District, in
conjunction with the Authority, is capable of providing water service to the planned development
on the Proper-t,,;
E. NVIAER-EAS. the Property has recently been annexed into Avon and EMD LLC
and Avon no-",- desire that Avon take over the responsibilities and obligations of the District as
set forth In the Water Service Agreement;
'WHEREAS, EMD LLC and the District also entered into all agreement dated
),
May 15. 1997 regarding the sharing of tap fees (the "Tap Fee Agreement", and
11,01,7-,
G. WHEREA3,ENIDLLC. the District, Avon and the Authority desire that the
Water Service Agreement and Tap Fee Agreement both be amended as expressly set forth herein,
subject to the conditions set forth herein.
NOW, THEREFORE, io consideration of the covenants and agreements contained iothis
Agreement. the sufficiency of which are mutually acknowledged, the Authority, Avon, the
District and EMD LLC agree as follows:
] The Water Service AgroomoU and the Tap Fee Agreement shall remain io full
force and effect, except asameoded and modified as set forth herein.
The Water Service Agreement shall be modified as follows:
A. Al] references to "Service Contract" iuthe Water
8anicz Agreement shall refer to the Amended and Restated Master Service Contract dated
January l,]y90, between the Authority and its Participating
Members (as dcfioodtbcrcin),and
the arriendinents thereto;
B. Sub3liLudQn Ezuop1 as noted in paragraphs 2(Z). 2(E) and 3)O8`
below. ^Avou" oboD be substituted for each and every reference (u the 'Diabict"contained in the
Water Service Agreement ao that Avon shall be responsible for every obligation, Gt�
and/or a2reement of the District contained or referenced In the Water Service Agreement and so
that Avon shall receive everIboo:fit uf the District contained Or referenced in the Water Gon'icc
AP-recrnen1'os amended bcroby.-
C� The Authority and EMD
LLC shall retain all uI their respective obligations, responsibilities, agreements and/or benufito
contained or referenced in the Water Scndco Agreement, as such may be amended by
parogi-apbs2(/\) and 2(B) herein, and the District shall oo longer retain any of Its obligutions-
roqpoosibUidcs, agrcenocots and/or bcocfita contained or referenced in the Water Service
Acreemcni, except as noted in paragraphs 2(D),. 2(E) and 3(B) herein;
D. �o|p�1��aodb��tbzomcodmcots and
modifications set forth in this paragraph 2, the water storage option granted to BMD LLC at
paragraph 7(b) of1bc \9utcrScrvicc/\orormeo/bytbcDis/riduod Authority |oPurchase certain alou�iu the Ea2)c Park Reservoir Company shall remain iofull force and effect, as written,
wI|boo/aoynf the amendirents or niod'fications discussed in this paragraph 2, subjec to all of
the express 1cnos and conditions relevant to the option as expressly set forth io the Water Service
Agrcucooni
I i 0 zn
-2-
E
11
E. I2, �, Q, 0 Z7
The District agrees to allow EMD LLC and Avon to
use or enlarge any of its water lines if reasonably necessary to provide water service to the
Property and if such use or enlargement will not prevent the District from being able to provide
water service to its residents.
F. The last sentence of paragraph 1(b) of the Water Service Agreement is
amended in its entirety to read as follows:
The Authority and Avon acknowledge that EMD LLC will depend
upon the water supplied under this Agreement for all of its potable
water supply needs, except that EMD LLC may, with the consent
of Avon and the Authority, which consent shall not be
unreasonably withheld, supply Its own potable water to the lots
described as Lots 56 to 96, The Village (at Avon), according to the
PUD/Sketch Plan approved by Avon. EMD LLC agrees that if
such lots are served by individual wells, appropriate fire
ire chief pursuant
suppression facilities, as determined by Avon's f
to applicable regulations in effect from time to time and applied on
'form and nondiscriminatory basis shall be included in
a um
residences constructed on those lots. IMoreover, if such lots are
served by Individual wells and the wells subsequently fall, the
parties hereto acknowledge and agree that neither Avon or the
Authority shall have any obligation to extend water lines to
affected portions of the Property.
G. in Paragraph 2(a) change "950,000 sq. ft. of commercial" to -650,000 sq.
ft. of commercial." At the end of paragraph 2(a) the following shall be added:
-Nothing in this Agreement shall be construed to create any
or
agreement or obligation on the part of Avon to provide
contribute -�vaier or water storage rights to the Authonty or to
ontr
ENO LLC for water Service 10 the Property or the Ad ditional
Property other than or In addition to those water rights and water
storage rights described on Exhibit D of this Agreement,
11. Paragraph 2(b) shall be amended in its entirety to read as follows:
EMD LLC agrees to lease without cost to Avon for sublease
i
without cost to the Authority, which sublease s hereby consented
to, a portion of the water rights described in Exlubit D ' attached
hereto, sufficient to replace the consumptive use associated with
development of the Property as ultimately decreed by the Water
Court. in no event shall the consumptive use of development on
the Property exceed the historic consumptive use of the water
rights desc ribed in Exhibit D as determined by the Water Court.
Any excess consumptive use credits quannfied In the Water Case
- q, -
Ill C,-' -, -
AOL
and not required to replace consumptive use associated with
development of the Property shall continue to be owned by EMD
LLC, shall be unencumbered by this lease and may be transferred
or sold at EMD LLC's sole discretion.
Paragraph 2(c) shall be amended in its entirety to read as follows:
mater Service to the Propertv. The Authority shall provide retail
water service to individual users within the Property, pursuant to
the Service Contract, in an amount sufficient to meet the needs of
the Property and on the same charges, terms and conditions as
provided to the other customers of Avon.
Paragraph 3 shall be amended in its entirety to read as follows:
S_Q 7—�arm. As a condition to continuing service to any
portion of the Property, the owner of such property shall pay Plant
Investment Fees to the Authority -,,,?Inch shall be determined,
charged and collected In the same manner as to the Contracting
Districts. Service charges for the provision of water service to the
Property shall be billed by and paid to the Authority-. provided,
however, Avon shall retain the right to impose a surcharge in
addition to such service charges. It is the parties' intent however
that service charges, and any surcharge, for water service to the
Property shall be charged on the same basis and at the same rates
as to other customers of Avon.
K. Paragraph 4(b) shall be amended In its entirety to read as follows:
AleLel-Rfading-and -, I I -
-Billing. Meter reading, billing and collection
services shall be provided by the Authority to EMD LLC in the
same manner as provided to other customers of Avon.
L. Paragraph 6 shall be amended in its entirety to read as follows:
Q,tzf�ralion._nd '1 enan , �— '. Avon or the Authoritv, as
may be deten-nined between them, shall be responsible for
maintenance and operation of the main line extension(s) to and
through the Property and the Storage Tank. EMD LLC shall be
responsible for all necessary maintenance and repair of Nottingham
Reservoir. EMD LLC acknowledges that the services provided by
Avon or the Authority do not include maintenance and repair of
EMD LLCs other Internal water distribution facilities within the
Property.
-4-
I
AM
M. Paragraph 7(a) shall be amended to add the following two sentences at the
end of the paragraph:
The application filed in Case No. 97CW306 did not include the
Additional Property, but EMD LLC may, through a separate
application, seek to amend the augmentation plan or file a new
plan to replace depletions associated with the Additional Property.
Avon agrees to and approves the application as filed in Case
No. 97CW306, subject to the final decree reflecting water service
being provided by Avon and the Authority (rather than the District
and the Authority) consistent with this Agreement.
N,
1 1. Delete paragraph 9.
Q. Paragraph 10 shall be amended in its entirety to read as follows:
tD_AdditimaLP-mpfill, EMD LLC or its affiliates own an
additional 175.5 acres located adjacent to the Property in a portion
of the N1/2 of Section 10, T. 5 S., R. 81 W. of the 6th P.M. (the
"Additional Property"). The Additional property is further
described on Exhibit F attached hereto. In the event EMD LLC, its
affiliates or successors elect to obtain water or fire service for the
Additional Property in the future, such service shall be provided on
the same basis as serer ,Ice to Avon's customers, provided that the
Additional Property shall pay 1) for water, an amount equal to the
cost of service plus the estimated mill levy attributable to water
service for which such property, would be responsible if it were a
part of Avon, and 2) for fire Protection, an amount equal to the
estimated ]nfl] JeVV attributable to fire service for which such
property would be responsible if it were a p . art of Avon. EMD
LLC agrees that if the Additional Property is to be se rved by
t7
individual wells,
appropriate fire suppression facilities . as
I Ions
determined by Avon's fire chief pursuant to applicable regulations
in effect from time to time and applied on a uniform and
nondiscriminatory basis shall be Included in structures constructed
if the Additional Property
on the Additional Property. Moreover, 1 fail, the
is served by individual wells and the wells subsequently i -
parties hereto acknowledge and ag]-ce that neither Avon or the
Authority shall have any obligation to extend water lines to
affected portions of the Additional Pro, pem. Tap fee allocations
shall be on the same basis as for the ProPel-1-Y. itself.
-Zl-
0
follows:
P. Paragraph l](e) of the Water Service Agreement shall be amended as
(c) Remedies Upon Default. Upon the occurrence and
continuance o[oo event ofdcfamb. the 000d party shall bc
entitled to enforce the provisions of this Agreement io law urio
equity, and relief io the nature of specific performance ordamages
nr both may bc awarded, subject 10 the provisions of the laws nf
the State ofColorado. The prevailing party io any legal action
shall bc entitled iu the recovery oI its costs and expenses o{such
action against the defaulting party. Costs and expenses shall
include, without limitation, reasonable attorneys" ƒeoa not to
exceed u maximum uf $175'000.
3 Paragraphs] through 5ofthe Tap Fee Agreement shall be replaced in their
entirety with the followinpl:
,\. Avon agrees that it shall collect all residential and
commercial tap fees for taps oo the Property. However. if Avon does not collect o tap fee within
a reasonable period of time, EMD LLC or its successors and assigns shall have the same right as
Avon to collect such tap fee. Avon agrees that the tap fees shall be calculated and collected in
the same coazo eraa for all others who receive such service from Avon.
B. EMDLLC or its successors and uss 8osaba ] be
entitled to receive one-hundred percent (]O096)uf all tap fees collected for taps oothe Property.
but oba]] be required to coovcYto the District twenty percent (20%).. but not louc than $880. of
each such ta fee vJthin 30 days of receipt of the same by EMD LLC.
C� Avon agrees that £MD[LCor its successors
and assigns oboJl have the right oo charge and retain an), amount io csooss of the regular tap fee
charged by Avon for the development ofwater service on the Property (the "Water Development
Foc`). and Avon agrees to bill and collect uo}' such Water Development Fee together with its
regular tap fees. The District is not entitled to any portion of the Water Development Fee, except
that in the event that DO regular tap fee is charged by Avon and EMD LLC. the District shall
receive the twenty percent (2096), but not less than S8OO per tap referenced above out ofthe
Water Development Fee within 30 days of-receipt of the saine by EMD LLC. which agrees to
assess ut least that uoznon1 usao excess fee.
D. No Impairment of Fees. Avon agrees that it shall not undertake any action
in the future which impairs / irnoodosEMD]LIC or its successors' and ossioos' right and ��li��
ton��vcA�n`sogo|ar tap ���dthe Wa�rDevelopment Fee f�oc���oon��ym�cny�
E Additional Pursuant to paragraph lOof the Water Service
/\grnccocot, os modified herein, in the event EMD LL[, its affiliates or successors elect 1u obtain
ioItoru. Avon has committed to de such
water service for the Additional Prooc�} ƒ
sn � � �r�coco1 shall ibco also be
\
-6'
�uan
11
4. Except as expressly amended or modified herein, all other terms and provisions of
the Water Service Agreement and Tap Fee Agreement remain unchanged and in full force and
effect.
Executed as of the date first set forth above.
EAGLE-VAIL METROPOLITAN DISTRICT,
quasi- municipal corporation of the State of
Colorado
By:
Title:—
TOWN OF AVON, a municipal corporation ofthe
EMD LIMITED LIABILITY COMPANTY7
Colorado limited liability company
Title:
PVRT NOTT I LLC. a Colorado limited liability
company
Bv:
Tit]
I 1_1 0 . 7 -
AOL
PVRT NOTT 11 LLC, a Colorado limited liability
company
By:
Title:
PVRT NOTT III LLC, a Colorado limited liability
company
By:
Title:
UPPER EAGLE REGIONAL WATER
AUTHORITY, a, quasi- municipal corporation of
the State of Colorado
u `'1.LL� ---
It e:
STATE OF COLORADO )
) ss.
MO NTY OJ- __E� )
The foregoing First Amendment to Water Service and Tap Fee Allocation Agreement
Nvas acknowledged before me Ibis day of ___jnaV_7 1999, by
as
of the Eagle -Vail Metropolitan District, a
quasi-municipal corporation of the State of Colorado.
rvlv commission expires
) _003
Witness my hand and official sea].
OB0
1 t_1 G -, -1 -
Notary
_S_
0 9
STATE OF COLORADO
ss.
COUNTY OF �ir
The foregoing First Amendment to Water ' Service and Tap Fee Allocation Agreement was
ackpowledged before me this '2-2 day of 1999, by 6 as
7'Jiil-1 i of the Town of Avon, a municipal corporation of the State of Colorado.
ion expires
'7* official seal.
ime'ssmy hand and off
Not
:"-ST--.A:T-F OF COLORADO
ss.
COUNTY OF -t-,2 - �
The foregoing First Amendment to Water Service and Tap Fee Allocation Agreement was
acknoNviedeed before me this "%l" day of 1999. by as
of each of EMD Limited Liability Company. PVRT NOTT I LLC.
IDVRT NOTT 11 LI-C. and PVRT NOTT III LLC, each of which are a Colorado limited liability,
company.
4y commission expires
NVAness my hand and official seal.
V
Not�anyjr
0
C'
M
:1-10',-,7
STATE OF COLORADO
ss.
COUNTY OF
The foregoing First Amendment to Water Service and Tap Fee Allocation Agreement
--,k,,as acknowle ged before, me this day of 1999, by
LEf", as (J,7t!e Upper Eagle Regional Water
Authority, a quasi - municipal corporation of the State of Colorado.
My commission expires oC;
Witness my hand and official seal.
f
Notary
-10-
—r`
Octoue23.2006
Eagle Rive Water and Sanitation District
846 Forest Road
Vai| CO 81558
Dear Sir o'Madam:
This letter will serve as notice to the Eagle River and Sanitation District that the foUowing t2p fees have
been waived for one year for Stone Creek Elementary.
Village o\Avon/TnaerCreek Incremental Sewer Tap Fee (1^Meter) $3.921.00
Village a1AvomTmerCreek Water Development Fee (1^Meter) $5.200.00
You may call meif you have any questions,
Sincerely,
/i/�u,— 6��u�°^1
Dan Leary /
President .
Traer Creek Metropolitan Di�thct
TOWN OF AVON, COLORADO
RESOLUTION 06-29
SERIES OF 2006
A RESOLUTION APPROVING A LEASE AGREEMENT BETWEEN THE TOWN
AND TRAER CREEK RP, LLC
1k'IJEREAS. by Resolution No. 06-30 the Town Council will approve a STONE
CREEK ELEMENTARY SCHOOL LEASE BETWEEN TOWN OF AVON AND STONE
CREEK ELEMENTARY ("the School Lease ") whereby the Town will lease Lot 5, The Village
at Avon, Filing I ("Lot 5"), to Stone Creek Elementary for a term from July 1. 2006, to June 31.
'1007: and
WHEREAS,., Lot 5 is currently designated as a public works site pursuant to the
Annexation and Development Agreement for The Village (at Avon): and
1YHEREAS, Traer Creels RP, LLC has PTOPOsed to enter into a LICENSE
AGREEMENT to provide to the Town an alternative public works site during the term of the
School Lease-
NOW, THEREFORE. BE IT RESOLVED:
1. The LICENSE AGREEMENT, a copy of which is filed with the minutes of
this ineeiling, is hereby approved.
2. All action heretofore taken by the officers of the Town of Avon relating to the
same is hereby ratified. approved and confirmed.
3. This Resolution is contingent upon the adopilion of Resolution No. 06-330.
ADOPTED at a regular meeting of the Town Council of the To-wn of A-V013 the
13111 day of June. 2006.
-C
Ronald C. Wolfe. Manor
fix
N
ATTEST:
a tY, cKejln\7. To
erk
-C
Ronald C. Wolfe. Manor
LEASE AGREEMENT
THIS LEASE AGREEMENT (this "Agreement"), made effective as of the I ST day of
July. 2006 ("Effective Date"), is among TRAER CREEK RP, LLC, a Colorado limited liability
company ("Landlord") and the TOIA7NI OF AVON, a municipal corporation of the State Of
Colorado ("To-wn" OR "Tenant")-
RECITALS
A, WHEREAS, Landlord is the wvvrier of that certain Teal property, IctioNvu as Traci
B. The Village (at Avon) Filing 3, according to the plat thereof recorded June 29, 2004 at
Reception No. 882176 of the Eagle County. Colorado real property records. Such Traci is also
informally known as Planning Area N South on the Village (at Avon) PUD Development Sketch
Plan. i
B. WHEREAS, Landlord desires to lease 4.0 acres of the 5.765 parcel. known as
Tract B (or Planning Area N South),. to Tenant, as more specifically set forth in the attached map
hereto and incorporated herein as Exhibit "A" ("the Premises"). Whereas Landlord further
desires 10 grant Tenant access to the Premises as more specifically set forth in Exhibit -A."
C NAIIIEREAS, Tenant desires to lease the Premises for a period of one year for
sirmv. equipment and vehicle storage.
D. 11,11-JEREAS, Landlord has agreed to aljo\7,, Tenant to use the Premises for snow,
equipment and vehicle storage, subject to the terms of this Agreement.
AGREEMENT
NOW. TBEREFORE, in consideration of the sum of Ten (510.00) Dollars, and other
good and valuable consideration paid by Tenant, the receipt of vviuch is hereb-Y acknowledged.
7
the Parties agree as follows:
1. Grant of Lease to Tenant: Subject 10 the terms, covenants and conditions set forth in
this Agreement, Landlord hereby leases the Premises to Tenant, and its employees_ contractors_
agents and invitees. to use and possess the Premises during the Term of this Agreement for
storage of snow, equipment and vehicles. Landlord further grants to Tenant access to the
I I - Premises only for Ille
Premises as spec ically set forth in Exhibit A. I enaill shall use the Prei 1
purposes described in this Agreement
Term of Lease: The term ofthis lease (the "Term ") shall commence on the Effective
Date hereof and terminate at 11:59 P.M. FIST on the 3651; day following the Effective Date.
Additional Obligations:
(a') Tenant shall. at its sole cost and expense, prompil-, comply with all applicable
ja-,�7s. rules and regulations relailmg to the Premises. Tenant shall further be obligated to comply with; I all environmental laws. federal and stale j-U]eS and regulations and Ordinances. as 11 "'ollid
have to comply with such obligations on its own property. Tenant, however, shall not be
obligated to do more than that Thigh it is already obligated to do pursuant to those laws and
should Tenant comply NVith those laws. Landlord shall hold Tenant harmless from any claims by
Landlord, its successors or assigns arising out of the handling, treatment, storage or disposal of
an), hazardous or toxic substance as defined under any applicable state or federal law including,
«vithout limitation. the Comprehensive Environmental Response, Compensation and Liability
Act.
(b) Tenant shall keep the Premises in a neat, clean and sanitary condition,
consistent with the uses set forth in this Agreement, at all times during the Term of this
Agreement.
4. Alterations: Tenant shall make no material alterations; additions or improvements in
or to the Premises without Landlord's prior written approval and consent for items and or
improvements.
J. Insurance:
(a) During the Term of this Agreement; Tenant shall maintain, at its sole cost and
expense. the following policies of insurance:
(i) Commercial general liability insurance in an occurrence format in
an amount of 53,000,000 Per occurrence, including the following coverages: contractual liability.
personal injury. broad forn property damage, and independent contractors insurance. Such
policies shall include a provision requiring a minimum of 30 days' notice to Landlord of an-
change or cancellation. Landlord shall be named as an additional named insured as its interests
may appear on this polio`.
vii) Comprehensive automobile liability insurance on all vehicles used
in eotuiection Nv Ih this Agreement, in an amount of S1 .000.000 combined single limits for bodily
iniur }' and property damage per occurrence. Tenant shall legally obligate its subcontractors,
either contractually or othervh,ise, to obtain identical coverage. Landlord shall be named as an
additional insured as its interests may appear on Tenants and any subcontractor's policies.
(b) During the Term of this Agreement. Landlord shall maintain, at its sole
cost and expense, its current commercial general liability insurance on the immediately adjacent
property to the Premises. known as Tract G. The Village (at Avon) Filing 3.
6. quiet L- njovmettt Landlord covenants and agrees with Tenant that upon Tenant
observing and performing all the terms. covenants and conditions of this Agreement on Tenants
part to be observed and performed, Landlord shall not. subject to Section 9, below, disturb
Ternant`s peaceable and quiet enjoyment of the Premises during the Term of this Agreement.
7. Acceptance of Premises: Taking possession of the Premises by Tenant shall be
conclusi��e evidence against Tenant that the Premises ,were in good order and that the Town
accepted the condition of the Propej NN when possession was taken. Notwithstanding that fact.
tine Premises is made available to I etant in its "as is" condition on the commencement date of
the Tern,.
S. Land] -,rd
Access to Premises: Landlord and its agents, upon reasonable notice to
TCnaM, shall have the right to enter the Premises at all times to examine them, to show the
Premises to prospective purchasers. mortgagees, lenders or others. and to make and perform such
maintenance or repairs as Landlord may deem necessary or desirable, on the condition that
Landlord shall use all reasonable efforts to minimize interference with the Tenant's operations.
Further. absent a formal assignment of this Agreement, any new owner of the Premises shall also
have the right of entry.
9. Assignment and Subleltm2-
(a) Tenant shall not assign. convey; mortgage, hypothecate or encumber its rights
during in hereof v,,Ilhoul the prior written consent of
in this Agreement at an }` I] the Ter
Landlord.
(b) Landlord may assign, convey, mortgage, hypothecate or encumber its rights
and obligations i , n the Premises at any iii-ne during the Term hereof without the prior written
consent of Tenant.
10. _1ndeninjiv:
(a) To the full extent allowed by jaw. Tenant shall indernnif},. defend and hold
I I've agents. officers. directors.
harmless Landlord. Ms subsidiaries and affiliates, and their respect
servants and -v of and from any and all costs- expenses (Including without limitation
reasonable attorneys " fees), liability, claims. liens. demands. actions lions and causes of action
including death of any
whatsoever arising 0111 Of Or related to any Joss, cost, damage or Injury, 'Ile I
person or damage 10 property of any h1ind. I'VhIch damage, loss OF injury is caused by the breach
c 01 t� the misconduct or negligent acts, errors or omissions of Tenam. its
of this leas -
subcontractors or any Person directly or indirectly employed by them, or any of them, while
engaged In allv activity
on or associated with the Premises.
(b) TO the full extent allowed by lave, Landlord shall indemmf?, defend and
hold harmiess Tenant, its agents, officers- directors and employees of and from any and all costs.
expenses (including ,N,Jtho-Lii limitation reasonable attorneys' fees), liabilily, claims., hens,
-
demands, actions and causes of action whatsoever an sing sirip __ out of Or related to any loss. cost.
rolDeTIV Of any kindl� which
damaL)e 03- IqjL]7_Y'_ Ir1C1UdIIIf-j death of any PeiSoll. OF damage 10 property - -
the willful misconduct or negligent
damage. loss 01' 1,11jury is caused by the breach of this lease or i t7 -
I -so" directly or Indirectly
acts. errors Oj omissions of Landlord, its subcontractors or any Pei
employed by them. Traer Creek Metropolitan District. or any of them, while engaged in any
activjt,, on or associated xith the Premises.
Default: if either part-," neglects or fails to Perform or observe any of the terms or
l].
covenants herein contained io he performed or observed by that par ty, and that defaulting party
falls to remedy such default within ten (I 10) days after receiving o wi -inen notice specifying such
if any, as may be reasonably required to cure such
neglect or failure (or NvIlhill such period. I I- I . . -' ded that ihe
cured \N,*Llj,]-j such 1-dav pei od,
default if], is of such nature that it cannot be cui pi
es io remedy such defaull within such]
ien-day period and Proceeds
defaL1111,112 party co I ninielic thereafter lei' 10 . cure such default). that party shall be declared in default
NvIll-, reasonable diligence
oftjijs Aprecineri,
12. Remedies: If Tenant shall default -under this Agreement as set forth in Section 11.
Landlord shall have all remedies at la-v-v or equity, including but not limited to Landlord's right 10
terminate this Agreement, re-enter and take possession of the Premises and/or pursue any
statutorily mandated court proceeding. If Landlord shall default under this Agreement as set
forth in Section I I Tenant shall have all remedies at la,,v or equity. including but not limited to
the remedies of specific performance or termination of this Agreement. The remedies of
Landlord and Tenant shall be cumulative and the exercise of one remedy shall not be deemed to
have been an election of remedies to the exclusion of any other remedies available. No delay or
omissions by either party to eXeTC1Se any Tight or power arising from a breach by the 011ie], part,,,
of any of the terms of this lease shall impair any such right or power or shall be construed to be a
waiver ofanv breach or an acquiescence therein.
13, End of Term: At the expiration of or earlier termination of this Agreement, Tenant
shall quit and Surrender the Premises to Landlord in as good order as they were in on
commencement dale of the Agreement and witlm no material change from the condition they were
in on that same date, with all temporary improvements thereon removed, subject to the
provisions of 3(a) hereof
14. Landlord and Tenant respectively waive all rights of
recovery against the other. or the officers- directors. employees and agents of the Other., for loss
of or damage to such Waiving party Of its property or the property of the other under its control.,
arising from any cause insured against under the standard form of fire insurance poj'c-,, (with all
extension endorsements covering additional perils) or under any other policy of
permissible i
insurance carried by such waiving Party in Neu thereof.
15. Holdover By Tenant: In the event Tenant remains in possession of the Premises after
the expiration of this Lease. and without the execution of a new lease. Tenant the option of
Landlord shall be deemed to be occupying the Premises as a Tenant from month to mouth.
Tenant shall be. entitled to occupy,- the Premises ai the current rental rate for a period of six
months. Thercaffer. Tenant shall be required to pay to Landlord rent In the amount of S 1,666M
per month, constituting fair market value of file Premises. Rent shall be paid oil the 15' day of the
month. During the holdover Period in question,. all of the terms and conditions hereof timer in
11
effect (1exceptulL, the rent provision) shall remain in effect for the entire holdover period.
16. Subordinalion. Non-disturbance and ATIornmeni:
This Lease is also subject and subordinate to any mortgage ,vhich rna-v hereafter
-c a part provided that (a) each siich
affect this Lease or the real property of -which the Premises at rov
in a pro,, y acceptance of
morlpape shall contain provision it-, substance and effect that the ITAortgagee, by
inoneage, covenants and agrees on behalf of itself and those at any time holding by, thT0U-_h
or under it. for under
the benefit of Tenant. and those- at any time holding by, through of
Tenant. that unless Tenant shall have suffered an Event of Default under the provisions ofillis
Lease and notice of termination of this Lease shall have been given as provided in this Lease
and not revoked. the holder of anysuch mortgage be subordinated shall
ge to which this Lease may not name or join Tenant or anyone holding by, through or under Tenant as a pw -tv defendant oi-
oilierNvise in any suit, action or proceeding for the foreclosure of such mortgage or i
in anN:
manner interfere with Tenant's i
's rjLhis hereunder and Tenant shall not be disturbed n is
herein holdi . b
I O�,jjlei-,j of the Premises or its interests hej In b-,� the Nlong, )ee o, an�,
ell
through or under the jMortgavee to the end that this Lease and the possession of the Premises by
Tenant shall not be disturbed or affected by reason of such foreclosure. In lieu of the non -
disturbance provision being contained in the niortgape, such provision can be contained in a
separate non-disturbance agreement delivered by such mortgagee to Tenant which agreement
Tenant shall promptly execute upon request.
(b) This clause shall be self-operative and no further instrument of subordination
shall be required by any mortgagee. affecting any lease or the real property of which the
Premises are a part. In confirmation of such subordination, Tenant shall execute promptly any
certificate that Landlord may request.
17. notice: Any notice, demand Or Communication which either party may desire or be
required to give to the other party shall be in writing and shall be deemed sufficiently given Or
rendered if delivered personal])' Or SCIll by first class United States mall, postage prepaid,
addressed as follows:
Jf'to LANDLORD: Traer Creek RP, LLC
P.O. Box 9429
,22 E. Beaver Creek Blvd.
Avon. Colorado 81620
If to TENANT: ToN�,n of'Avon
P.O. Box 975
400 Benchmark Road
Avon. CO 81620
Either party shall have the right to designate in served as provided above- a different
address to v,,hich any notice, demand or communication is to be mailed.
l S. �Ee-ifificaieq. Landlord and Tenant shall, v,' ' j1hol-li charge, at any tune and from time
to time- ",]'thin ten (10) days after request by the olner. execuie- acknowledge and deliver an
as the ile parly requesting the same may reasonably
estoppel certificate containing such information I
request.
19. EqEagra h Headings: Paragraph or other headings contained in this Agreement are
for referenced purposes only and are not ]Intended to affect in any way the meaning or
interpretation of this Agreement.
,0.
_Binding Effect: This Agreement will not be binding oil or constitute evidence of a
C�
i 'I such time as it has been executed b�, each party and an original
contract bel\veell the parties until 1 -1 ,
thereof delivered to each other party to this AP-Teen-jeni and Ratification has occurred.
Additional Documentation: Ala]] times, the parties hereto agree to execute and
deliver. or to cause to be executed and delivered. such documents and to do. or cause to be done,
such other acts and things as might reasonably be required in order to confirin or effectuate the
provisions of this Agreement.
22. No Representations or Warranties: There are no representations and warranties by
the parties, their agents, servants and employees whether oral Or in writing, relating to or
concerning this Agreement other than as specifically set forth herein. Each of the parties hereto
warrants and represents to the other that it is authorized or empowered to enter into this
Agreement and perform the terms hereof.
2 Entire Agreement: This Agreement constitutes The entire agreement between the
parties hereto and supersedes all prior v.,rliten and oral agreements and understanding relating to
the subject matter hereof.
24. Modification: This Agreement may not be modified, amended or discharged except
by an instrument In writing signed by the parties hereto. NO VVaiVC17 Or consent may be enforced
unless such waiver or consent shall be in writing and signed by the party against whom
enforcement thereof is Sought.
'15. -1 -n
2 ApD icable Law: This Agreement shall be governed by the laws of the State of
Colorado.
20. Successors and Assigns: This Agreement shall be binding upon.. and ]inure to the
benefit of the parties hereto and their respective heirs. executors, administrators, successors and
permitted assigns.
No Negative Inference Against Preparers
This Agreement is the result of
negotiations air . ons beiween the parties, each of whom is represented by counsel of its own choosing'
All parties shall be deemed to have drawn this Agreement and no negative inference or
interpretation shall be made by a court against the party whose counsel drafted this Agreement.
,m. No Modification to PUD: This Lease Agreement and the intended use of the
Premises are Pern-iiiied by and do not require or effect a modification to or amendment of the
Annexation and De%7C1opn)ejv A217eerneril beivleen Traer Creep and the Town of Avon, the
Village (,,it Avon) PUD Grude, or the associated PUD Development/Sketch Plan (collectively.
the "Development Plan"). Operation on an imeTIM basis of snoNv, equipment and vehicle storage
at the location specified in and otherwise subject to the terms and conditions of this Lease
Agreement %vill not be construed as hiruling any future uses Nvithin Tract B, The Village (at
Avon) Fibril- _33 that otherwise are permitted under the Development Plan. or as effecting a waiver
by Owner or the Town of any rights under the agreements constituting the Development Plan.
Operations of the Tovvi) pursuant to this Lease Agreement are intended to be on an interim basis
only. and do not constitute a cOMMATTierii by Landlord that the Town's operations will be housed
on a permanent or semi- permanent basis at this location Or otherv,,-ise within the Village (at
Avon).
29. Traer Creeh Design Review and Special Review Use: Landlord shall not
unreasonably withhold any approval by the Traer Creel; Design Review Board to the Town of
Avon or unrcasonably ,vlthhold any consent to the special review use by the Town ofAvorr. and
for which relate to any matter neCeSSUV 10 carry our the purpose of this _Agreement.
IN 1A,1J7'N'ESS �AVJJEREOF. the Parties have here-unto caused this Lease Agreement 10
be executed on their behalf the day and year first above written.
TRAER CREEK RP, LLC,
a Colorado limited liability company
By
Na
um
TOWN OF AVON,
a municipal corporation of the State of Colorado
BT
Name: �0AwLo Ij 0
Tile: 41 A Zo
SOD EN A MAM EG 2wQQnyX,,2
:jjj4 I Q I -� " tt. z�'
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EXHIBIT 2
FIRST AMENDMENT TO STONE CREEK ELE.,N]ENTARY SCHOOL LEASE
BETWEEN TOWN OF AVON AND STONE CREEK ELEMENTARY
STONE CREEK CHARTER SCHOOL WATER AND SEWER TAP FEE
SCHEDULE - (I-INCH TAP):
WATER:
Town of Avon - Water Tap Fee $10,400
Traer Creek Metropolitan District-Incremental Water Tap Fee $ 5,200
Upper Eagle Regional Water Authority-Plant Investment Fee $11,172
SEN17ER:
Eagle River Water & Sanitation District - Sewer Tap Fee $15,864
Traer Creek Metropolitan District - Incremental Sewer Tap Fee $ 3.921
TOTAL WATER AND SEWER TAP FEES S46,377
fyvt tbcl 6
ATTEST: �?
S
P,j y M Keimv, wn ClVk
U pa
_. U
STATE OF COLORADO
} ss.
COUNTY OF EAGLE )
,
t
Subscribed and sworn to before me this �� day of , t 2006. by
$a ° AAO President of Stone Creek Elementary School. a Coloradd,nonproiit
corporation.
Witness my hand and official seal.
My commission expires: °
Notary Public �,.L� P�
OF CO\-Oe
My Commission ires°
STATE OF COLORADO )
ss.
COUNTY OF EAGLE )
The foregoing document Nras subscribed and sworn to before me this
day of J . 2006, by Ronald C. Wolfe as Mayor and Patty- McKenny as Town Clerk
ofthe To 'n of von.
My commission expires:
Witness my han'�7
• ��� �� �� — c
ary ublic
C)
P
F OF•CO\_0
My Commission Expires
14. CONSULTATION. The parties acknowledge that, over the term of this Lease issues
may arise concerning implementation of this Lease that the parties have not now
contemplated. Recognizing that a high level of cooperation between the parties is
necessary and desirable, the parties agree to consult with each other from time to time
concerning this Lease. The parties further agree that their respective representatives
will meet to conduct such consultation upon 10 days written request given by one
party to the other party. In addition, each party shall from time to time designate in
writing such party's "contact person" for all matters involving the administration of
this Lease.
15. NOTICES. Any notice required or permitted by this Lease shall be in uniting and
shall be deemed to have been sufficiently given for all purposes if sent by certified or
registered mail, postage and fees prepaid, addressed to the party to whom such notice
is intended to be given at the address set forth on the signature page below, or at such
other address as has been previously furnished in writing to the other party or parties.
Such notice shall be deemed to have been given when deposited in the U.S. Mail.
16. DEFAULT AND /OR TERMINATION. All terms and conditions of this Lease are
considered material. In the event that either party defaults in the performance of any
of the covenants or agreements to be kept, done or performed by and under the
requirements of this Lease, the non - defaulting party shall give the defaulting party
written notice of such default. and if the defaulting party fails, neglects or refuses for
a period of more than 10 days thereafter to cure the default, then the non - defaulting
party, without further notice, may, in addition to any other remedies available to it.
terminate all rights and privileges granted in this Lease and this Lease shall be of no
further force or effect. If the non- defaulting party elects to treat this Lease as being in
full force and effect_ the non - defaulting party shall have the right to an action for
damages. The Town further shall be entitled, in the event of default_ 1) to correct the
default itself and to assess the cost thereof to the School, to,2ether with interest at the
rate of eighteen (18) percent per annum accruing from the time of assessment and 2)
to collect interest at the rate of eighteen (18) percent per annum from the time of
default in the event of any monetary default.
17. WAIVER OF BREACH. The waiver by any party to this Lease of a breach of any
term or provision of this Lease shall not operate or be construed as a waiver of any
subsequent breach by any party.
18. ASSIGNMENT. Neither party to this Lease shall transfer or assign any in
the Premises without first obtaining the written consent of the other party.
19. SEVERABILITY. If any provision of this Lease or its application is finally
determined to be invalid, void, or unenforceable by a court of competent jurisdiction,
such provision shall be deemed to be severable, and all other provisions of this Lease
shall remain fully enforceable, and this Lease shall be interpreted in all respects as if
such provisions were omitted.
N
7. OBLIGATIONS OF THE SCHOOL.
7.1 Use Restriction. The School shall use the Premises only for school purposes
and in compliance with any and all restrictions contained in its Charter and
state law, any and all restrictions contained in the approval of a special review
use by the Town and any and all restrictions contained in the approval of the
The Village Design Review Board. The School shall establish and maintain an
outreach program for "at-risk" children and shall provide evidence thereof to
the Town along with quarterly reports as to the success of that program. Any
non- scholastic use of the Premises shall have the prior approval of the Town
staff. In the event the School persists in using the Premises for a purpose other
than school purposes in violation of this Lease or violates the restrictions as
-
aforesaid, the Town may terminate this Lease by giving prior written notice of
the violation. The School shall then cease using the Premises for the remainder
of the term.
7.2 Right to Cure. Upon receipt of a notice of violation or presumption of
abandonment, the School shall have the right to cure such violation within 10
days of such notice before the Town may terminate the School's leasehold
interest for violation or initiate a civil action in the District Court for Eagle
County, Colorado.
7.3 Purchase of Improvements. When this Lease is terminated. the School shall
remove any and all improvements that it may have erected on the Premises and
restore said premises to essentially the same condition which existed at the
inception of this Lease. to the satisfaction of the Town. The School shall
provide a restoration bond in the amount of 5250,000, in the form of cash.
letter of credit or other security acceptable to the Town in its sole discretion, to
guarantee its compliance with this Subparagraph.
8. INDEMNIFICATION AND LIABILITY INSURANCE. To the extent permitted
by law. the School shall lindeninify and keep harmless the ToNvii from: I) any
expense incurred by the Town in entering into and performing this Lease, 2) any and
all losses. damages. charges or claims arising out of the operation of a school facility
on Town property. I I wI thout limitation from any violations of The VI llaoe
,
Design Review Board and Town approvals. the School's Charter or state JaNX : 3) any
and all losses. damages. charges or claims resulting from personal injury. death or
property damages occurring on the Premises- and 4) any costs, including attorney's
fees, whether of the Town Attorney or other attorneys, relating to 2) through 4)
above.
8.1 The School shall place and maintain at all times, at its sole expense. a general
liability insurance policy with respect to the Premises in which the limits of
liability shall be not less two million dollars ($2.000.000) for each occurrence
and with an annual aggregate coverage of not less than five million
($5,000,000).
STATE OF COLORADO
ss.
COUNTY OF EAGLE
Subscribed and sworn to before me on this _ day of _, 2007,
by Ronald C. Wolfe as Mayor and Patty McKenny as Town Clerk of the Town of Avon.
Witness my band and official seal.
My Commission expires:
Notary Public
t� 0
t x f1 /<X J I-
FIRST AMENDMENT TO STONE CREEK ELEMENTARY SCHOOL LEASE
BETWEEN TOWN OF AVON AND STONE CREEK ELEMENTARY
A lease of property entered Into between the TOWN OF AVON, COLORADO
(Town) and STONE CREEK ELEMENTARY (School) on June 13, 2006, as evidenced
by the written Lease attached hereto as Exhibit 1, is hereby amended with respect to
Paragraphs 5, 6. 7.3 and 10 as follows:
5. TERM OF LEASE. This Lease shall commence on July 1, 2006 and shall
continue for a period of one year, ending June 3 30, 2007. Provided there is no
default hereunder, School shall have the option to extend this Lease for three
additional one-year year periods, which option shall be exercised by notice given
in writing no later than 30 days before the end of the prior lease period. At the
inception of this Lease, the Premises were in use by the Town for snow storage
and in the future will be a permanent public works site. On or after June 310,
2010, the Town will have a need for the premises which is recognized by the
School. This Lease will therefore not be renewed or extended for any reason
beyond that date. The School will inform Its teachers, parents and students of this
provision and will actively discourage them from any efforts, whether before the
Town's council or in the press, seeking extension or renewal of this Lease. The
School will provide the Town with quarterly written reports describing its efforts
at locating a permanent site.
Z:�
6. RENT. The School shall pay rent of TWENTY-ONE THOUSAND TWO
HUNDRED Dollars ($21 200) per year. Payment of the rent for the first one-
year period is acknowledged. In the event any option to extend the lease is
exercised, payment for the additional one-year period shall accompany the notice
of exercise of the option. The School shall also pay any real property taxes
assessed against the Premises and any additional insurance costs incurred by the
Town.
7.3 Removal of Improvements. When this Lease is terminated, the
School shall remove any and all improvements that It may have
erected on the Premises and restore said premises to essentially the
same condition which existed at the inception of this Lease, to the
satisfaction of the Town. The School shall provide a restoration
bond in the amount of $150,000, in the form of cash, letter of credit
or other security acceptable to the Town in its sole discretion, to
guarantee its compliance with this Subparagraph.
10. UTILITIES. The School shall be responsible for payment of all service charges
for all utilities. The Town shall pay all water and sewer tap fees assessed against
the Premises on the agreement and understanding that all rights and privileges
purchased by payment of the fees will belong solely to the Town as owner of the
property to be used for any purpose whatsoever as the Town sees fit at the
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Stone Creek School
Cash Needs
Amount Due VnVendors
332.000 �
Amount Due Vo Wells Fargo ' Good Faith Pymt
120.000
Amount Due bNortex
130.000
PERA Funding . .
40.000
Flex Funding `
5.000
Payroll Obligations:
`
Feb
70,000 `
Mar
` 70,000
Apr
70,000
May
70.000
Jun
70.000 `
Loan Payments: .
.
Mar
25,000
Apr
25,000
May
25,000
Jun
25 `
. O0U
Estimated Monthly Operating Expenses:
Feb
20,000
Mar `
20.000
Apr
20.000 .
May
20,00
Jun
20,000
Cash Needed: 1,167,000
State of Colorado
Feb
39,055
Mar
` 39.055
Apr
39,055
May
39.055 '
Jun
` 79.319
Capital Construction Revenue
70.000 EST
Kindergarten Revenue:
Feb
10,000
Mar
10.000
Apr
10,000
May
10.000
Jon
10,000
Cash Available:
SHORTFALL
1�
��
9:55 AM
02108/07
Accrual Basis
Stone Creek School
Balance Sheet
- As of February 8, 2007
Long Term Liabilities
1300 - Wells Fargo
Total Long Term Liabilities
Total Liabilities
Equity
Net Income
Total Equity
TOTAL LIABILITIES & EQUITY
Feb 8, 07
1,201,053.72
1,201,053.72
1,884,389.68
- 213,583.42
213,583.42`
1,670,806.26
Page 2
9:55 AM Stone Creek School
02/08107 Profit & Loss
Accrual Basis July 1, 2006 through February 8, 2007
Ordinary Income /Expense
Income
1101 • Miscellaneous
1101A • Book Fair
1101B • Costs
1101A • Book Fair - Other
Total 1101A • Book Fair
1101C • Holiday Fair
1101D Costs
1101C Holiday Fair - Other
Total 1101C • Holiday Fair
1101E • Ski Program
1101F • Costs
1101 E • Ski Program - Other
Total 1101E • Ski Program
1101 • Miscellaneous -Other
Total 1101 • Miscellaneous
1102 • Kindergarten Tuition
1103 • Reimbursements
1104 • State of Colorado
Total Income
Expense
0201 • Health /dental Benefits
0205 • Flex Account
0206 • Life AD &D
0301 • Disposal Services
0302 • Repair and Maintenance Services
0303 • Lease /Land Building
0305 • Water /Sewer
0307 • Electricity
0308 • Alarm Monitoring
0402 • Professional Development
0403 • Special Education Services
0404 • Postage
0405 • Advertising
0409 • Telephone
0410 • Liability Insurance
0501 • Supplies- Classroom
0502 • Supplies -Office
0503 • Supplies- Maintenance
0504 • Supplies - Nursing
0701 Dues and Fees
0702 Lodging Expenses
0703 • Teacher Reimbursements
0704 • Faculty Passes
0705 • Bank Charges
0801 • Textbooks
0802 • Specials
0900 • Misc Exp
6560 • Payroll Expenses
7200 • Salaries & related expenses
7220 • Salaries & wages - other
7230 • PERA contributions
7240 . Workers Compensation Insurance
7250 • Payroll taxes
7255 • Payroll Fees
Total 7200 • Salaries & related expenses
Jul 1, `06 - Feb 8, 07
3,467.87
3,467.87
0.00
- 1,577.28
2,325.31
748.03
- 14,212.00
15,337.00
1,125.00
7,061.90
8,934.93
23,360.00
468.22
515,186.29
547,949.44
38,807.65
435.00
53.85
2,083.86
3,248.10
21,200.00
2,689.24
5,160.87
128.85
416.00
1,040.07
108.30
6,595.73
2,018.91
15,180.08
3,515.67
2,506.05
98.94
136.09
1,595.00
529.98
3,656.90
5,685.00
342.38
50, 833.27
4,217.16
3,540.09
843.21
426,707.17
11,697.46
4,462.00
17,649.24
1,240.30
461,756.17
Page 1
it
Page I of l
Scott Wright
From: Stephanie Novosad [stephanie @nla- cpas.com]
Sent: Thursday, February 08, 2007 10:09 AM
To: Scott Wright
Attachments: Stone Creek Financial Package.pdf
Hi Scott,
Attached is an updated financial package for Stone Creek School with information available to date.
Please let me know if you have any questions or need further information.
Thank you,
Stephanie Novosad, C.P.A.
Novosad, Lyle & Associates, P. C.
(9 70) 845 -8000 ext. 111
(9 70) 845 -8108 FAX
P.O. Box 5910, Avon, CO 81620
stephanie@nla-cpas. com
CONFIDENTIALITY NOTICE - This e -mail is directed in confidence solely to the person Twined above, and may not
others v'ise be distributed, copied, or disclosed. The contents of this e -mail may also be subject to accountant - client
privilege and all rights to that privilege are expressly claimed and not waived. If this e -inail has been Deceived in
error, please notify us immediately by telephone (970) 845 -8000, and destroy the original transmission without making
a copy.
IRS Circular 230 disclosure: To ensure compliance with requirements imposed bN= the IRS, we inform ,you
that any tax advice contained in this communication (including attachments) is not intended or written to be
used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or any
applicable state or local tax law or (ii) promoting, marketing or recommending to another party any
transaction or matter that is contained in this communication. Third parties should seek their own advice
based on their particular facts and circumstances from an independent tax advisor.
2/8/2007 ��1/
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NORTEX MODULAR SPACE '
17,301 W CotfaxAmiae `
Softe47J . {
Golden CO 80401
August 24, 2006
Mr. Bill Hammer
3tonco,euk Elementary `
PO Box 208
Vail CO 81658-0208
RE: Letter of Credit For Removal Charges
Dear Bill:
Please use this letter as evidence of Nortex Modular Space's corninitme-nt to extend credit
10 you and S1onocrock Elementary 6orikcren,ovwlofthernodu|areduuotoou/budding
from the present location ut375 Yoder Avenue in Avon Colorado. Approximate charges
of $|00'OOO-OO-$l25.000.V0 for the removal and transport mf the building to another
location in Avon are {n6c expected. This includes disconnecting the interior Joints of tile
fire sprinkler system, tear dov/n of the building and transport to the new, site. This dnun
not include charges for electrical. y|urnbing. FI\/AC and other disconnection services,
Bill, if you should require any additional inforl-nation., please let me know.
Thank you.
`
NOR,TEX MODULAR SPACE
Daniel V. Rasmussen
NW Regional Manager
J03�85-2966 38319\85'4660/az
wnmnvrtannvdnar.mm
`�/
Summary of Possible Considerations:
Tap Fees - Pay Tap Fees for a 1 -inch water and sewer tap for the site ($46,377)
An Investment of $46,377 for may result in a net savings over a four year period of
approximately $4,200 based on current rate of return on invested funds and average
annual increase in water and sewer tap fees
Site Restoration Security Deposit - Reduce security deposit to $150,000
Partial restoration of the site should be adequate to meet the Town's needs for future use
of the site and may actually be preferable to full restoration. Estimated Cost to remove
buildings and partial restoration of the site is $135,363 to 5160,363.
Site Lease - Retain current lease payment and extend the site lease up to three
additional school years at the current lease rate of $21,200 per year
The Town would have a net gain of 521,200 for the current year and would retain up to
$21,200 per year, less the any costs associated with the use of an alternate snow dump
site.
I:yEngineerine \Avon ViIlageA2.Ct Filing I \Lot 5\Stone Creek Charter SchooMunnnary Mento -2. Doc
3
li
CA'
`
]Fu: Larry Brooks, Town Manager
From: Norm Wood, Town Enz)nrcr
Date: February 8,20D7
Re: Stone Creek Elementary School - Site Issue
COMMENTS:
The issues related 1othe 31ooc Creek Elementary School are primarily funding related
but can bebroken down into the following general categories:
NVutxr& Scnzr Tap Fees:
The Town has no current need for water and sewer service on the Lot 5 School Site and a
tap size has not specifically been determined for future uses on the site or an exact time
when o tap will bcrequired. However, itiu highly unlikely that 8 water tap size ofless
dzao onc-ioch will be required for any anticipated development on this property. Based
on the assumption that at least o one-inch tap will be required and that ifularger tap is
required, the Town would receive credit for the purchase ofu one-Inch tap toward the
purchase of the larger tap., there may be some justification {orpayrnco1 of the fees for the
one-inch vvu1ur and sewer tap. Total vvo1er and sewer tap fees increased on average of �
6.q2% per year from 1947 10 2007 as shopoi on oltucbcd "Twelve Year Tap Fee Schedule
History" (Exhibit }). Cnnco1)yihe Town's return oo ioveSted funds is approximately 5%
per year. The effects of these rate increases and investment return rates are summarized
Site Restoration Security Deposit:
The Town currently holds u letter Of credit io the amount 0fS250,000a3 security 10
guarantee removal of the buildings and restoratiorI of the site upon termination of the
|euoe. The amount of security was based on the attached letter from Nortex Modular
Space (Exhibit 2) estimating the cost to remove the modular buildings from the site and
the attached ]Eop-inccr'oEstimate for Stone Creek Elementary School llcsLnra1ioo (Exhibit
3). The ca1irna1cd cost for rcnooviogthe buildings excluding charges for electrical.,
plumbing,, fll7ACoodothcrdiSc000ection services is S100,000- S125,000. The
estimated cost fbrrrstodo o
�[hc S�1��o �1s oz��ioo| condition �s �l4��lj� �oclod�2 o l5�6
cootin eocyofSl4'455. �fturncviicn'iog As-Built site conditions It appears that n/c
�0
��
2006
S46,377
$46,377
2007
S49,586
S48,696
2008
S53,010
S5l,l3l
2009
S 5606
S 53"687
' 2010
S60,609
$56,372
Site Restoration Security Deposit:
The Town currently holds u letter Of credit io the amount 0fS250,000a3 security 10
guarantee removal of the buildings and restoratiorI of the site upon termination of the
|euoe. The amount of security was based on the attached letter from Nortex Modular
Space (Exhibit 2) estimating the cost to remove the modular buildings from the site and
the attached ]Eop-inccr'oEstimate for Stone Creek Elementary School llcsLnra1ioo (Exhibit
3). The ca1irna1cd cost for rcnooviogthe buildings excluding charges for electrical.,
plumbing,, fll7ACoodothcrdiSc000ection services is S100,000- S125,000. The
estimated cost fbrrrstodo o
�[hc S�1��o �1s oz��ioo| condition �s �l4��lj� �oclod�2 o l5�6
cootin eocyofSl4'455. �fturncviicn'iog As-Built site conditions It appears that n/c
�0
��
JIM
February 8, 2007
7. SCS will contact Traer Creek/ Magnus Lindholm to request an extension on the
Town alternate snow dump site
8. Review of other options for restoration of the Town property
9. The expansion and finance committee will provide a flow chart with anticipated
annual student growth
10. The fund raising committee will provide reports on upcoming events
These deliverables can be discussed during the work session. Provided the council is
satisfied with the presentation of the deliverables and provided that the school can
demonstrate in writing that it has satisfied the project creditors, we believe we can support
an action plan as articulated below. This is an important point. We received notice from at
least one subcontractor for the building set up, asserting non payment. These items must be
taken care of, or an agreement in writing from these individuals declaring acceptance of an
alternative payment plan, before and amendment to the agreement can be executed.
Discussion: Through fairly extensive discussions with the School Board members, and
research provided by the staff on a number of business points provided under separate
cover, we make the following recommendations:
1. The term of the lease can be extended for three additional one year periods a set
forth in the proposed First Amendment To the Stone Creek Elementary Lease
2. The restoration bond can be reduced from the current $250,000 to $150,000 as set
forth in a memo by the Town Engineer.
3. We believe there is justification for the Town to pay the $46,377 in tap fees for the
X site at this time. Again, as explained by the Town Engineer in his memo, such a
�., decision appears to fiscally prudent, as the return on our investments does not keep
pace with the historic and projected tap fee increases.
4. We believe the annual lease payment should stay unchanged at $21,200 per year.
There is ample evidence throughout the valley that similarly purposed leases pay
market rate. Even more importantly however, is the fact that we have a fiduciary
responsibility to this community as stewards of the public interest.
Financial Implications: The payment of the tap fees will require a budget amendment for
the appropriation from the Capital Improvements fund. The $46,377 expenditure is not a
concern to the staff since it would be required for further development and use of the site in
any event. In this case it is a one time impact with a beneficial affect on the future C.I.P.
budget.
Recommendation: Approve Resolution 07 -01, a resolution approving amendments to a
lease between the Town and Stone Creek Elementary School
9
continue or newly enroll inSCC5 depending on where vve
relocate. The questionnaire covers towns from Vail through
Gypsum. Moving far down-valley isa challenge tVcurrent ,
families but does provide greater opportunity for those
families to enroll in our outstanding school. I
Look for the survey in the Pony Express.
4. The Stone Creek Educational Fund, a separate non-profit
independent corporation, has been established and is up and
running. You will get updates from them through the Pony �
Express with the first one corning right after their first `
meeting. This group will seek internal and external
contributions to the capital needed to move and for our
permanent school.
Thank you all for your efforts to help and to reach out to the broader
community totell Stone Creek's story and to solicit support. Continue to
be positive about the future and continue to reach out to everyone who
can help. The Avon Town Council has always been supportive of our
school and they continue to be. Take every opportunity to thank them
for past support and to ask for continuing support. We need their help.
SCCS Board of Directors
This email sent by Spam is strictly prohibited. Report abuse
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Stone Creek Charter School
PO Box 5670 Avon, CO 81620
0
WHEREAS, Stone Creek Elementary School ( "Stone Creek ") has requested the Town of
Avon ( "Town ") to approve the extension of the current lease between the Town and Stone Creek
for Lot 5, The Village at Avon, Filing 1 ( "Lot 5 "), as originally approved by Resolution 06 -30
and amended by Resolution 07 -01 ( "Stone Creek Lease "); and,
WHEREAS, the Town has an alternative site for snow storage operations pursuant to the a
license agreement with the Eagle River Fire Protection District and Stone Creek has agreed to
defend the Town and pay any legal costs associated with any potential legal claims which may
arise from the Town's use of the property of the Eagle River Fire Protection District for snow
storage purposes; and,
WHEREAS, the Town Council finds that the extension of the Stone Creek Lease for one
additional year will promote the provision of school services to the Avon community and will
thereby promote the health, safety and general welfare of the Avon community and further finds
that the Stone Creek Lease of Lot 5 owned by the Town is in accordance with terms that provide
adequate compensation and consideration to the Town; and,
WHEREAS, section 2.1(a) of the Town of Avon Home Rule Charter provides that the Town
may hold and enjoy real property, and §31- 15- 713(1)(c) provides that a municipality may lease
property for a period of one year or less by resolution;
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE
TOWN OF AVON that the Second Amendment and Extension of the Stone Creek Lease
attached hereto as Exhibit A is hereby approved.
ACCEPTED, APPROVED AND ADOPTED this 24'h , day of NoveM—!L&-:r,--22009-.
AVON TOWN COUNCIL
By:
[Seal] Ronald C. Wolfe, Mayor
Attes
the agreement is between governments that stipulates how the Town and Eagle County treat
Tract Boa part of the Nottingham Cottages PU[}. After discussion, it was suggested ho table the
resolution because of too many unanswered questions regarding the project, as follows:
Was Avon part of the interested parties asked to submit its comments on the PUDasan
adjacent property owner or governmental agency?
}=
What does the PUO allow for, need to see the details of the PUD
Why is the lot line being moved
�-
Requested representative from Eagle County to be present to answer the questions.
�-
What was the original PUD & what were the original terms Q conditions and how did the
application come about
> What in going on for development in the surrounding area
Who are the owners nr who represents the owners
`
Councilor Underwood requested tabling Resolution No. 07-02, Resolution approving Agreement
between the County of Eools. State of Colorado and the Town of Avon related to KAcGnady
Acres PUD and Nottingham Cottages PUD Agreement and requested further information on the
PUO as identified above. Mayor Pro Tern Sipes seconded the motion and it passed
unanimously.
Norm Wood, Town Engineer, Resolution No 07'03. Series of 2007. Resolution
authorizing Filling of Statement in Opposition to Water Rights Application 06CVV284 Filed with
the Water Court for Water Division 5. Wood noted that action on the resolution would allow the
Town to file e statement of opposition in the water rights application filed by the Ginn
Development Co.; it was also noted that the filing is not necessarily hostile to the applicant but
affords Avon an opportunity to remain informed about the progress of the case and have aplace
at the negotiations among Ginn and any objectors. Councilor Underwood moved to approve
Resolution No. 07-03; Mayor Pro Tem Sipes seconded the motion and it passed unanimously.
ORDINANCES
John Ounn, Town Attorney, presented Ordinance No. 07-01. Series of 2007. Ordinance
amending Chapter 8.24 of the Municipal Code of the Town of Avon relating to Public Nuisances,
Dunn noted that theses revisions tnthe code are related to nuisances on private property and
provides for further recourse on this action. Currently if property owner refuses to pay, the
only recourse in to file suit in state court to collect the amount owing or to charge the property
owner in Municipal Court for violating the ondinonoa— both actions have an expense. This
legislation provides for on aKernat\ve, allowing the Town to record a notice of lien. There was
overall support and a motion was made by Mayor Pro Tern Sipes to approve Ordinance No. 07-
01. Series of 2007. Ordinance amending Chapter 8.24 of the N1uniu)po| Code of the Town of
Axon relating to Public Nuisances. Councilor Carroll seconded the motion and it passed
Brian Kozah, Police Chief, presented Ordinance No. 07-02. Series of 2007. Ordinance
Amending Chapter 8.04 of the Municipal Code of the Town of Avon relating to licensing and
vaccinations of Dogs &Cats. Chief Kozak presented some information about calls for service in
Avon aefollows: 313 animal control calls all over the town for dogs being loose, 8Y6 resulted in
citations; 5996 resulted in other solutions; 3O96 were unable to be resolved. It was asked how
many of the oo||a were actual complaints or written from patrol; he did note that most of the
citations written were issued in the park. He reviewed recomrnendations, which were outlined in
the council packet memo. Gavens{ ideas were discussed related tovoice uordro|, dog training &
Regular Council Meeting Page 4 of 5
February 13, 2007
• Reduce bond ho$15OK
• Agree to the payment of the water tap `fee inthe amount of$46Kon the basis that the
tap fee increases will exceed the monies the town would make on its investments.
• Maintain the current rent amount atits current market rate
John Dunn, Town Attorney, noted the revisions made to the agreement per the council's
comments ot the work session. |t was also suggested that if any further development occurs on
the site, the agreement must be amended again with revisions made to the security deposit.
Mayor Wolfe asked for public input at this time and the following people spoke:
Pet Onnavon, school district representative for Avon & Eagle-Vail and Avon reeident, asked for
Council to make afieoe|k/ responsible dmcninn, noted his concerns about the list of liabilities
and high student enrollment projections.
Konen Etrahbein, Eagle County School District Business K8onagar, expressed concern about the
process in which the land was |eoaed, suggested a lease naha, mode several comments
regarding the school's financial ataternents, did not support changing the restoration bond
amount in case the school cannot pay the cn*ditoro, and expressed her opinions about the role
of the local governing body.
Kevin Randall, Treasurer of Stone Creek Elementary School, addressed the Council and
audience, talking about a number of topics oofollows:
,/ His involvement in trying to get the financial information in order
/ His effort to help provide a clear picture of the current financial situation
/
The status that the building insurance is paid and uptodate
/ There is o financial shortfall moving fomvord, an explanation of why the ahortfaU, and
how the school hopes to meet that shortfall through grant writing and fundraising
~/ Student enrollment projects and how those numbers were calculated
/
Donations that have been made and how they are accounted for
/
Communicated with all of the creditore, all who have been very understonding, payment
plans have been agreed to
Communicate with Eagle County School District on future planning topic
Stephanie Novoaad. parent & CPA with a business in Avon, noted her involvement in drafting
the financial atotennants, her background is not in school accounting practimas, but rather the
format was used in order to help lenders evaluate their situation, she addressed the monies
donated to the school and is updating these records weekly.
Melissa Ruwold Thuon, Avon resident & Principal of Avon Elementary, asked Council to support
her school in the same light of supporting Stone Creek School. She expressed the need to
conduct some community outreach programs inAvon.
Tony McCabe, resident of Avon and attends Stone Creek, thanked the Town of Avon for its
support and believes the children are thriving on the core curriculum.
Keith Brooks. Episcopal nniniater, spoke about the idea of making good decisions for all the
children in Eooka County, together between local government, charter schools, and Eagle
County School District.
Regular Council Meeting Page 2 of 5
February 13, 2007
currently reviewing it. Underwood asked what statutes exist that addresses sharing ofditches.
Councilor Buckley moved to table this resolution; Councilor Sipes seconded the motion and it
passed unanimously by those present (Ferraro absent).
John Dunn, Town Attzrnoy, presented Resolution 06-27. Series of 2006. A Resolution
Approving an Order of the Town Manager Pursuant to Section 9.04.130, Avon Municipal Code,
Prohibiting Dogs on Town Property Where Signs have been posted to that Effect. Discussion
ensued on the enforcement aspect of the resolution. Councilor Buckley noted that she did not
support the legislation because there are already rules on the books to enforce that would
address the problem. Mayor Pro Tem Underwood moved to approve Resolution No 06-27�
Councilor McDevitt seconded and the motion passed with o four to one vote (Buckley nay;
Ferraro absent).
STAFF UPDATES
Norman Wood, Town Engineer, presented the following updates:
y°
Revised 1-70 Interchange Signs and Avon Next Two Exits Signs Installation Update. He
noted that new signs would be installed on 1'70 to replace the existing VWUionn Post Blvd.
signs and new Town Logo signs would be installed once the designs are finalized.
>' R|CD Application Update — he noted that the hearing with CVVCB would be October or
November, engineering reports should be completed the end of June The current
outstanding issues seems to be the acquisition of easements from Vail Resorts required for
construction and access to the facilities.
Eagle River Recreation Enhancement Project Update—henotedthatRiverReetorohon.Org
has submitted project p|oneond|eomkingforinputfrnnotheTom/natthist\nne.
CONSENT AGENDA
Mayor Wolfe asked for motion on the Consent Agenda below. Councilor Buckley moved to
adopt the consent agenda; Councilor Sipes seconded the motion and it passed unanimously.
eA Housing Needs Assessment Proposal submitted by RRC Associates for completing m
housing needs assessment and housing program analysis
b) East Town Center Charrette Proposal from Design Workshop for a design charrette with
the goal of creating a supported Concept Master Plan for East Avon
c) Swift Gulch Road Bike Path Change Order No. 1 for Utility Relocations during
Construction
There being no further business to come before the Council, the regular meeting adjourned at
10:30 PM.
APPROVED:
Debbie Buckley
KhsUFerroro
Mac McDevitt
Amy Phillips
Brian Sipes
TamnaUndenwood
Ron Wolfe
Regular Council Meeting Page 4m4
June 13, 2006
1, 2006, delete 4c, and add language regarding multiphase projects. Councilor Sipes seconded
the motion and it passed with a three to two vote (Ferraro absent).
John Dunn, Town Attorney, presented Ordinance 06 -11, Series Of 2006, Second Reading, An
Ordinance Amending Title 8 of the Municipal Code of the Town of Avon Relating To Public
Nuisances. He noted that this legislation addressed nuisance amendments related to
storage /parking of railroad cards. Enforcement issues were discussed related to this legislation.
Dunn noted that research was conducted regarding this topic reviewing CML materials and
other community's legislation as well as case law. Mayor Wolfe opened the public hearing.
Peter Buckley, resident, did not support the legislation and notes that the town's position with
Union Pacific is already strained; he asked the council to reconsider not passing this ordinance.
Further discussion ensued about whether or not it is a nuisance and who has jurisdiction of the
right of way.
Mayor Pro Tern Underwood moved to approve Ordinance No. 06 -11, second reading, an
Ordinance Amending Title 8 of the Municipal Code of the Town of Avon Relating To Public
Nuisances. Councilor Sipes seconded the motion and it passed unanimously by those
members present.
Scott Wright, Finance Director, presented Ordinance 06 -12, First Reading, An Ordinance
Amending Title 3 of the Municipal Code of the Town of Avon relating to Interest Charged on
Past Due Accounts owing to the Town of Avon. He noted that this would allow the town to
include a finance charge for all past due and unpaid accounts for services, fees or charges of
any kind owed to the town. It was suggested to language related to the timing of accruing the
charges. Councilor Sipes moved to approved on first reading Ordinance No. 06 -12, Amending
Title 3 of the Municipal Code of the Town of Avon relating to Interest Charged on Past Due
Accounts owing to the Town of Avon with the change to the language to state that interest
would be imposed 30 days after the date of the invoice. Mayor Pro Tern Underwood seconded
the motion and it passed unanimously by those members present (Ferraro absent). Public
Hearing was scheduled for June 27, 2006.
RESOLUTIONS
Town Attorney John Dunn presented Resolution 06 -30, Series of 2006, A Resolution Approving
an Agreement between the Town of Avon and the Stone Creek Elementary Charter School for
Temporary Use of Town -Owned Property located at Lot 5, Village at Avon Subdivision. Dunn
reviewed the agreement at this time, noting some of the following specifics:
• A lease with Stone Creek Elementary Charter school to use Lot 5 for a temporary school
facility (currently the Town's public works site)
• Lease was modeled after the lease between Eagle County & Town of Vail for Red
Sandstone Elementary School
• One year lease with Stone Creek & commensurate with that for the license agreement with
Traer Creek
• Resolution approving the lease is contingent upon approval of agreement between Town &
Traer Creek for an alternative public works site
Mayor Wolfe allowed for citizen input at this time at the following people spoke:
• Melinda Glatitsch, Eagle County School District, addressed diversity requirements of
Charters
• John Brendza, Superintendent of Eagle County School District, addressed the quality of the
schools
✓ Brian Nolan, Eagle County Charter School President, presented information related to
Hispanics and their school's inability to recruit diversity
Regular Council Meeting Page 2 of 4
June 13, 2006
STATE OF COLORADO
ss.
COUNTY OF EAGLE
b *b d d sworn to before me on thisA day of 2007,
peri e an
by (Lt as President of Stone Creek Elementary School, a Colorado
no ofit corporation.
. ess my hand and official sea].
T ission expires:
ly/c,
N o Ky lic b
P CO
co
STATE OF COLORADO
M
COUNTY OF EAGLE
Subscribed and sworn to before me on this 1L('day of -�", 2007.
by Ronald C. Wolfe as Mayor and Patty McKenny as Town Clerk of the ow von.
Witness my hand and official seal.
M
0
A
A, C,
-!,
N ary ublic
•9j� ®�B o�a�P
Ny CommLs4on EV*A*UM
14 / �7 )
FIRST AMENDMENT TO STONE CREEK ELEMENTARY SCHOOL LEASE
BETWEEN TOWN OF AVON AND STONE CREEK ELEMENTARY
A lease nf property entered into between the TOWN OF AVON, COLORADO
(Tovvo) and STONE CREEK ELEMENTARY /Scbnol\on June ]3,2O00,uaevidenced
by the written Lease attached hereto as Exhibit l, is hereby amended with respect to
Paragraphs 5, 6, 7.3 and lOaafollows:
TERM OF LEASE. This Lease shall commence ou July l`20O6 and shall
continue for a period ufone year, ending June 3O,20U7. Provided there imno
default hereunder, School shall have the option to extend this Lease for three
additional one-year year periods, which option shall be exercised by notice given
in writing no later than 30 days before the end of the prior lease period. At the
inception of this I.came' the 9noruiuou were in use by the Tnvvo for snow storage
and in the future will be a permanent public works site. On or after June 30.
2UlU, the Town will have o need for the premises which io recognized bythe
School. This Lease will therefore not be renewed or extended for any reason
beyond that date. The School will inform its teachers, parents and students ofthis
provision and will actively discourage them from any efforts, whether before the
Towo`s00000i}oriotbepresu,ueekiogcxteozi000rrcnevvu)nf1bisLeaao. The
School will provide the Town with quarterly written reports describing its efforts
at locating apermanent site.
RENT. The School shall pay rent of TWENTY-ONE THOUSAND TWO
HUNDRED Dollars /$2],2O0 per year. Payment of the rent for the first one-
year period is acknowledged. In the event any option to extend the \cuue is
exercised, payment for the additional one-year period shall accompany the notice
of exercise of the option. The School shall also pay any real property taxes
assessed against the Premises and any additional insurance costs incurred bythe
Town.
7. 3 Security Deposit. When this Lease is terminated, the School shall
remove any and all improvements that it may have erected on the
Pneozioum and restore said premises to eooeotiallytbe same condition
vvhiub existed at the inception of this Lease, 1othe satisfaction of the
Town. To secure the foregoing obligation uowell as all other
obligations owing pursuant to the terms of this Lease, the School
shall provide o security deposit in the amount of $l50,UOO'iothe
form of cash, letter of credit or other security acceptable to the Town
in its sole discretion. In the event the Town draws down any part of
such security dopnab' the School shall restore the amount ofd to
$l5O,000 within �0 days thereof
lO. UTILITIES. The School shall bc responsible for payment of all service charges
for all utilities. The Town shall pay all water and sewer tap fees assessed against
]RIMIN IBM
A RESOLUTION APPROVING AMENDMENTS TO A LEASE BETWEEN THE TOWJ
AND STONE CREEK ELEMENTARY SCHOOL
WHEREAS, Stone Creek Elementary School and the Town entered into a STONE
CREEK ELEMENTARY SCHOOL LEASE BETWEEN TOWN OF AVON AND STONE
CREEK ELEMENTARY ("the School Lease") whereby the Town ]eased Lot 5, The Village at
Avon, Filing 1, to Stone Creek Elementary for a term from July 1, 2006, to June 3 ) 0, 2007; and
WHEREAS, the School Lease requires a site restoration bond in the amount of
$250,000; and
WHEREAS, it has been demonstrated to the satisfaction of the Town Council that
the financial circumstances of Stone Creek Elementary require a reduction in the amount and
changes to the security deposit previously known as the site restoration bond, an extension of the
term of the Lease and certain other amendments;
1. The FIRST AMENDMENT TO STONE CREEK ELEMENTARY SCHOOL
LEASE BETWEEN TOWN OF AVON AND STONE CREEK ELEMENTARY, a copy of whicli
is filed with the minutes of this meeting, is hereby approved.
2. Exhibit "A" thereto shall be revised to depict the improvements on Lot 5 as
constructed on this date.
All action heretofore taken by the officers of the Town of Avon relating to the
same is hereby ratified, approved and confirmed.
ADOPTED at a regular meeting of the Town Council of the Town of Avon the I' )tb
day of February, 2007.
Ronald C. Wolfe. N4avor
ATTEST:
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20. PARAGRAPH CAPTIONS. The captions of the paragraphs are set forth only for
convenience and reference, and are not 'Intended in any way to define. limit. or
describe the scope or intent of this Lease.
21. ADDITIONAL DOCUMENTS OR ACTION. The parties agree to execute any
additional documents and to take any additional action necessary to carry out this
Lease.
22, INTEGRATION AND AMENDMENT. This Lease represents the entire agreement
between the parties and there are no oral or collateral agreements or understandings.
This Lease may be amended only by an instrument in writing signed by the parties.
Z'
23. NO THIRD PARTY BENEFICIARIES. None of the terms, conditions or
covenants set forth in this Lease shall give or allow any claim. benefit or right of
action by any third person not a party to this Lease. Any person other than the parties
to this Lease who or which receive services or benefits tinder this Lease shall be only
an incidental beneficiary.
24. GOVERNING LAW. This Lease shall be deemed to have been made in the State of
Colorado, shall be construed under the laws of the State of Colorado and shall be
binding upon and inure to the benefit of the successors and assigns of the parties to
this Lease.
25. IMMUNITIES PRESERVED. It is the intention of the parties that this Lease shall
not be construed as a contractual waiver of any immunities or defenses providtd by
the Colorado Governmental Immunity Act. § 24-10-101 et seq.. Colorado Re' Ased
Statutes.
26. DATE. IJWI,(— I � .2006
STONE CREEK ELEMENTARY SCHOOL
TOWN OF AVON
By::_�
Ronald C. Wolfe, Mayor
0.2 All general liability insurance required of the School shall include the Town as
an additional insured and shall include provision requiring the insurer to 8ivc
theTmwri thirty 8Q days notice prior to cancellation.
8.3 Certificates of insurance issued bv the insurer shall be filed by the School with
the Town within l0 days after the date ofthis Lease is executed br the School.
PROPERTY INSURANCE. The School shall obtain and maintain during the term
of the Lease and any renewal period.
property insurance in an amount equal to or
'Greater than the current appraised value of the school buildings and other
improvements on the Premises to insure said improvernents with respect to fire. flood.
and other typical local hazardo, and uerdfioo1coofsuobinsurance issued bythe
insurer shall be filed by the School with the Town nd1bio 10 days after the date of
completion uf the building and other inzprovconoota' The School agrees that if any ur
all nf said improvernentoare damaged or destroyed, said damage shall be promptly
repaired or replacement ioup«ovez0001sprompdy erected on the Premises by the
Sobonl, applying thereto any insurance payments received by it-, provided, however.
that if said damage or destruction exceeds 50% of the Current appraised value ofsaid
(mprovcoucots. the School ubol| be/egoiu:dtn repair or replace said improvements
on1v in the event it is reasonable at that time for it to continue operating a school oil
the Premises.
10. UTILITIES. The School shall be responsible for all utilities furnished for the
11. MAINTENANCE. The School shall keep and maintain the 9rcroiacs. Inc] odiug
iropzovementaand ve�cadoo.iuu�oodc)��oandbcaJtb/�)coodi6on`roa�io�rezabs
as necessary at its sole cost and expense. The School shall he responsible for aoov/
removal utia sole cost and expense.
12. IMPROVEMENTS. The School may. pv'Ith consent of the Town staff and ot its sole
coo1ood�xp000�.o1aoy�cn�uud�oo�tboc0o�nu�rookcouchu|tcz�ioos.changcu.
replacements, improvements and additions tothe Premises and the buildings and
improvements thereon as it may deem desirable. including the demolition of any
building, iozpznvemcoL and/or structure that now or hereafter coovbc situate ur
ereo1ed on the Pruzoiuoa, provided that the use of the Premises as o school site is not
thereby permanently terminated or abandoned, nor curtailed for a period of time
longer than reasonably required to effect such alterations. obuogeo. replacements.
boprovemeo1s`oradditions,
13. LIENS. The School obaU not suffer or permit o |ico to be asserted or fi|u6 against the
Prcroioca arising Out o{ its operations oractivities. lfu lien isasserted or filed against
the Premises. the School shall promptly cause the lien tobcremoved. Upon failure to
do so, the Town may satisfy and cause the lien to be removed and the Subno| uLfrees
to reimburse the Town oil demand for the costs and expenses ofaoy" such proceeding.
STONE CREEK ELEMENTARY SCHOOL LEASE
BETWEEN
`
l.
PARTIES. The parties to this Lease are the TOWN OF AVON, COLORADO
(Towu,o Colorado municipal corporation. and STONE CREEK ELEMENTARY
(School), a Colorado Nonprofit Corporation.
2' PURPOSE AND AUTHORITY. The parties enter into this Lease for the benefit of
the School for the education of the children ofEagle County. C.D.S.§31'15
7131(l)(c) grants to the Town the right to enter into this Lease.
3. PREMISES. The Town hereby leases to the School the surface rights for the
property described as Lot 5. The Village at Avon, Filing l (Premises). situated ill the
Town of Avon, Colorado. Attached aa Exhibit A is schematic map depicting |hc
building, parking lot. playground, udlUdiuo and other improvements. all ofwhiob
shall have the prior approNoJ of the Town staff Attached as Exhibit B or e|evuuinnn
of the building including depiction of its exterior construction.
4, COVENANT OF QUIET ENJOYMENT. The Town warrants that h owns the
Premises in fee simple: that the property ie clear and clear ofall liens and
encumbrances-, and that it has the full right and authority to enter into this Lease. The
Town School shall enjoy the possession and use of the Premises io
peace and without disturbance or interference.
5. TERM OF LEASE. This Lease obnU commence oo Jo}y l. 2006 and yhuU conbuuc
fora period nfone vcur ending June 3}.2OO7 Tile Premises are currently, ill unch}
the Town for snow stooscye and iu the fbtuoc Will boopermanent public works site.
During 1be1eon of this Lease and for the tcon of this Loaao' the Tnvvo vviU onzar inTo
a lease with Traer Creak RP, LLC for a replacement site described as a part of Tract
B, The Village (at Avoo), Filing ] Upon termination of that lease, tile Town will
have aa immediate need for the premises sdzicb is recognized by the School. This
Lease will therefore not bc renewed or extended for aovreason. The School v/i]|
inform its teachers, parents and students of this provision and will ucdve\y disu0uru2e
tbeon from any cffbuo' whether before the Town's onnooil or in the press. nedkio0
extension or renewal of this Lease. The School will provide che]or/nrvbbquadcrl!
written reports describing its efforts at locatirlo a permanent Site.
0. RENT. The School shall pay rent of TWENTY-ONE TlqOU3&ND TWO
HUNDRED Dollars ($21.,200) I-,)ei- year. $5.000 of which shall be due and payable oil
the first dovof the Lease- and the balance. of which shall he due and payable Oil
0uzoberl5.2O06. The School shall also pay any real property taxes assessed aLlumm
the Premises and any additional insurance costs incurred by the Town.
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Stone Creek School
06/05107
q
A/P Aging Summa(
As of June 5, 2007
Current
1 -30
31 -60
61 -90
> 90
TOTAL
A -Peak Inc
0.00
0.00
0.00
0.00
1,000.00
1,000.00
America's Foundation for Chess National
0.00
0.00
0.00
.::9.00
1,200.00
1,200.00
Arroyo Engineering
0.00
0.00
0.00
0.00
4,580.00
4,580.00
CMI Multiverse, Inc
0.00
0.00
:.0.00
0.00
5,932.00
5,932.00
Core Knowledge
0.00
0.00
'9.00
0.00
3,078.87
3,078.87
Danici Electric
0.00
800.15
0.00
0.00
0.00
800.15
Dave Peterson Electric
0.00
0.00
0.00
0.00
41,343.00
41,343.00
Edwards Excavating Inc
0.00
0,00
0.00
0.00
94,337.50
94,33250
Elam Construction
0.00
0.00
0.00
0.00
38,585,00
38,585.00
ERWSD
0.00
676.24
.0.00
0.00
0.00
67624
Harcourt Education
0.00
0.00
0.00.
0.00
9,07838
9,078.38
Houghton Mifflin
0.00
0.00
, 0.00
0.00
441.97
441.97
HRH of Colorado
0.00
0.00
0.00
0.00
1,000.00
1,000.00
Ingenuity Works
0.00
0.00
0.00
0.00
2,136.50
2,136.50
Inn and Suites at Riverwalk
0.00
0.00
0.00
0.00
83918
839.18
Kentucky Derby Costs
0.00
35,000.00
0.00
0.00
0.00
35,000.00
McGraw Hill Education
0.00
0.00
0.00
0.00
21,685.27
21,685.27
MECH ONE Inc
090
0.00
0.00
0.00
18,85120
18,851.20
Pearson Education
0.00
0.00
0.00
0.00
5,645.15
5,645.15
Pikes Peak Boces
0.00
0.00
0.00
0.00
50810
508.00
Plath Construction, Inc
0.00
0.00
0.00
0.00
5,766.00
5,766.00
Precision Construction West
0.00
0.00
0.00
: 0.00
2,564.56
2,564.56
Qwest
258.60
0.00
0.00
0.00
0.00
258.60
Shurley English
0.00
0.00
0.00
0.00
2,492.07
2,492.07
Summit Plumbing & Heating, LLC
0.00
0.00
0.00
0.00
0.74
0.74
uniLink
0.00
0.00
67.80
0.00
030
68.10
Vail Daily
0.00
0.00
0.00
0.00
3,109.88
3,109.88
Vail Electronics
0.00
0.00
0.00
0.00
0.00
090
Vail Honeywagon
0.00
0.00
0.00
0.00
0.00
0.00
Vail Sign
0.00
0.00
0.00
0.00
498.00
498.00
Wells Fargo Bank
0.00
8,841.04
1,338.81
0.00
0.00
10,179.85
TOTAL
258.60
45,317.43
1,406.61
0.00
264,673.57
311,656.21
Page 1
a
12:52 PM Stone. Greek School
06/05107 Profit & Loss
Accrual Basis July 1, 2006 through June 5, 2007
Jul 1,'06
- Jun 5, 07
8000 • Miscellaneous Disbursements
- 300.00
8050 • Unaccounted for Funds
68,539 -33
Total Expense
1,057,404.06
Net Ordinary Income
142,072.19
Other Income /Expense
Other Income
6950 - Interest Income
6951 • Millennium Bank
238.41
6952 - US Bank
1.53
Total 6950 - Interest Income
239.94
Total Other Income
- 239.94
Other Expense
9500 • Iterest Expense
9501 • Wells Fargo
84,568.32
9502 - Nortex
..6,523.04
9503 - State of Colorado
.8,996.34
Total 9500 , Iterest Expense
100,087.70
9600 - Loan Fee
9601 • Wells Fargo
1,100.00
9602 - Millennium Bank
1,526.00
Total 9600 - Loan Fee
2,626.00
Total Other Expense
102,713.70
Net Other Income
- 102,47176
Net Income
39,598.43
Page 2
YaocIo[I ^
From: Cynthia Forstmann [cvnthia@whbaedgeino.uun]
Sent Thursday, June O7.2OO712:24PK8
To: PottyPWcKenny
Cc: 'kkronle/
Subject: Stone Creek School Presentation
Attachments: Stone Creek P&L June 5.pdf;SCS'TOAReport 6.12.07.ppt Stone Creek Accts Pay Jun 5.pdf;
Stone Creek BS Jun 5.pdf
Hi Patty,
Here are our background materials for the June 12mmeeting:
• A Power Point presentation with an overview Facilities, Fundraising and Enrollment.
• Up-to-date Financials
I will also send under separate email our Capital Campaign packet.
Please feel free to call nle with questions,
Cynthia
Cynthia Forstmann
Write Edge Communications
Make your message matter
u>
EXHIBIT 2
FIRST AIMENDAIENT TO STONE CREEK ELEMENTARY SCHOOL LEASE
BETWEEN TOWN OF A170N AND STONE CREEK ELEMENTARY
STONE CREEK CHARTER SCHOOL WATER AND SEWER TAP FEE
SCHEDULE - (I -INCH TAP):
WATER:
Town of Avon - Water Tap Fee
S10,400
Traer Creek Metropolitan District-Incremental Water Tap Fee S 5,200
Upper Eagle Regional Water Authority -Plant Irivestiricrit Fee 511,172
SEWER:
Eagle River Water & Sanitation District - Sewer Tap Fee $15,864
Traer Creek Metropolitan District - Incremental Sewer Tap Fee S 3.921
TOTAL WATER AND SEWER TAP FEES S46,377
�J.G`,
ATTEST:
P,dtN: MqKeiiriv,
m Cl Jo&
STATE OF COLORADO
ss.
COUNTY OF EAGLE
ie
SubscrA'bed and sworn to before me this day of J"�� 2006. by
4-1,aJVV President of Stone Creek Elementary School.. a Colorad' nonprofit
01�
corporation.
Witness niv hand and official seal.
-Ax?
My commission expires:
C) 0
46tary Pdblic L\
X
MY
STATE OF COLORADO
ss.
COUNTY OF EAGLE
441
C, I
The foregoing document -was subscribed and sworn to before me this
Ronald C. Wolf' as Mawr and Pattv-McKennv as Town Clerk
day of 2006, by e
of the To n of von.
My commission expires:
Witness my hano
-T A
Liblic
(T;
0 , F 0
My Commission Expirp_c MV#M
q1 0 r7 /
�G
14. CONSULTATION. The parties acknowledge that. over the term of this Lease issues
may, arise concerning implementation of this Lease that the parties have no1 now
coo(cozy]o{cd. Recognizing that o high level nf cooperation between the parties is
necessary and desirLIc.'dhe parties agree ' to moodt with each other front time to time
concerning this Lease. The parties further^ '^ that their respective representatives
will meet to conduct such consultation upon l0 days written request given byone
yur1 7to. the other party. ln addition, each pod\, shall fi-ozo time <o time designate in
wr (ioLi such part v`s `^oun1uct person"' for all ` matters ^'involving the administration of
this Lcuuc. `
]:5. NOTICES. Any notice required or permitted by this Lease shall hcin writing and
shall be deeined to have been sufficienth, oiven for all purposes if sent by certified or
re21stered mail, postage and fees prepaid, addressed to the party to XvIlom such notice
is intended to be Eiven at the address set forth on the signature page below, or at such
other address as has been Previously furnished in writing to the other party or parties.
Such notice shall be deenied to have been given when deposited in the U.S. Mail.
16. DEFAULT AND/OR TER-M0qATlON. All terms and conditions of this Lease are
considered material. Lo the event that either yarlydefbul1oin the perfianznuoceo[any
of the cb-,,cnants or ai!recinents to be kept. done or performed by and under the
requirements of this Lease '. the non-defaulting party shall give the defaulting party
written notice of such default. and if the defaulting part,,, fails. neglects oi- refuses for
operiod of more than ]O days tbcreofic/|o cure the default. then the 000'de[boldog
puny, n'itbnui fbx1bcrou1ice, nuuy, in addition to an� other remedies available to it,
terminate all rights and privileges granted in this Lease and this Lease shall be of'no
further force or effect. |[ the noo-dcfbn|liog party elects to treat this Lease as bcioL,iu
full force and effect. the non-defaulting party shall have the right to an action for
domoees. The Town further shall bc entitled. iu the event o{default. ))to correct the
dcfauh itself and to assess the cost thereof to the School. \o2cdher with interest at the
rate of eighteen (|0)percent perunnurn accruing from the time ufassessment and 2)
to collect io<crcot ai the rate ofcigb1cco(]8) percent per unoo' from the time of
default in the event of any monetary default.
17. WAIN7ERKF BREACH. The valmrbyany party to this Lease ofabreach of any
zcnm or provision of this I-cuoc zboJl not operate or be construed as a vvaivcrn[aoy
subsequent breach by any party.
10. ASSIGNINJENT. Neither party {o this Lease shall transfer ur assign uoy interest io
the Premises without first obtaining the written consent of the other party.
19. SE\/C@AUgLJl[Y. lf any provision of this Lease or its application is finally
determined to be invalid. void, or unenforceable by a court of competent.jurlisdiction.,
sucb provision shall bcdecincd1obc severable. and all other provisions o[ this Lease
sboU remain fully enforceable. and this Lease shall be interpreted in all respects asif
such provisions were omitted.
7. OBLIGATIONS OF THE SCHOOL.
D Use Restriction. The School shall use the Premises only for school purposes
and in compliance with any and all restrictions contained bu its Charter and
state law. any and all restrictions contained inthe approval ofa special review
-use bv the Town and any and all restrictions contained iuthe approval of the
The Village Design Review Board. The School shall establish and maintain an
outreach poogoin for ^aU-huk` children and shall provide evidence thereof to
the Town along with quarterly reports as to the success of that prograrn. Any
non-scholastic use of the Prczniaeu shall have the prior approval of the Town
staff. In the crcoi the School persists in using the Prcnuiaco for purpose other
than school purposes io violation of this lcusror violates the restrictions ax
aforesaid, the Town cuo? terminate this lcusa by giving prior written notice of
the violation. The School obu|| 1bco cease using 1he Premises for the remainder
of the term.
7.2 Right hnCure. Upon rcccip1u[a notice of violation or presumption x[
abandonment. the School shall have the debiio cure such violation within lO
days Vf such notice before the Town may terminate the School's leasehold
interest for violation or ioi{io1c u civil action in the District Court for Eagle
County. Colorado.
73 Purchase uf2mmprorcmnmo1m. When this Louoc is 1cnoinx1ed, the Sobon| shall
remove any and all improvements that itrouy have erected on the Premises und
restore said premises to csacohuUy1bc aaroc condition vvbicb existed at the
inception o{ this leuse,10 the satisfaction of the Town. The School shall
provide o restoration bond in the amount ufS25O,O0O, io the 6nrmofcuoh,
letter ofcrcdb or other security acceptable to the Town in its oo)c discretion, 10
Quarantee its compliance with this Subparagraph.
8. INDEMNIFICATION AND LIABILITY INSURANCE. Tothe extent permitted
h, law. the School shall iodcninifi and kcep harmless the Town ftool: l)uuT
czponac incurred byUhc Tonmio entering into and performing thb [euoc� 2) an),, and
all losscs duoia-ea cburaea or claims arising out ofthe operation of school bxibn/
on Town property. including without lHintation from anN, violations ol'The Village
Design Review Board and Town approvals, Uze School's Charter nrstate )ax' : 3) ony
and all |oyscs, ducno2cy, cbar2eoor claims resulting from personal izgory. death or
property doonuges occurring on the Premises- and 4) any costs. attorney's
fees. whether ofthe Town Attnroeyor other attorneys, relating to 2) through 4)
above.
0'1 The School shall place and maintain u1all times. ai its sole expense, a general
\iubiU1y insurance policy with respect iuthe Premises in which the limits of
liability shall be not less two million dollars ($2.000.000) for each occurrence
and with ao annual aggregate coverage of not less than five million
STATE OF COLORADO
ss.
COUNTY OF EAGLE )
Subscribed and sworn to before me on this day of . 2007..
by Ronald C. Wolfe as Mayor and Patty McKenny as Town Clerk of the Town of Avon.
Witness my hand and official seal.
My Commission expires:
Notary Public
FIRST AMENDMENT TO STONE CREEK ELEMENTARY SCHOOL LEASE
BETWEEN TOWN OF AVON AND STONE CREEK ELEMENTARY
A lease of property entered into between the TOWN OF AVON, COLORADO
(Town) and STONE CREEK ELEMENTARY (School) on June 13, 2006, as evidenced
by the written Lease attached hereto as Exhibit I., is hereby amended with respect to
Paragraphs 5,. 6, 7.3 and 10 as follows:
Z__
5. TERM OF LEASE. This Lease shall commence on July I, 2006 and shall
continue for a period of one year, ending June 30, 2007. Provided there is no
default hereunder, School shall have the option to extend this Lease for three
additional one-year year periods, which option shall be exercised by notice given
in writing no later than 30 days before the end of the prior lease period. At the
inception of this Lease, the Premises were in use by the Town for snow storage
and in the future will be a permanent public works site. On or after June 30,
2010, the Town will have a need for the premises which is recognized by the
School. This Lease will therefore not be renewed or extended for any reason
bevond that date. The School will inform Its teachers, parents and students of this
provision and will actively discourage them from any efforts, whether before the
Town's council or in the press, seeking extension or renewal of this Lease. The
School will provide the Town with quarterly written reports describing its efforts
at locating a permanent site.
6. RENT. The School shall pay rent of TWENTY-ONE THOUSAND TWO
HUNDRED Dollars ($21,200) per year. Payment of the rent for the first one-
year period is ack,n 01,vIedged. In the event any option to extend the lease is
exercised, payment for the additional one-year period shall accompany the notice
of exercise of the option. The School shall also pay any real property taxes
assessed against the Premises and any additional insurance costs incurred by the
Town.
7.3 Removal of Improvements. When this Lease is terminated, the
School shall remove any and all improvements that it may have
erected on the Premises and restore said premises to essentially the
same condition which existed at the inception of this Lease, to the
satisfaction of the Town. The School shall provide a restoration
bond in the amount of $150,000, in the form of cash, letter of credit
or other security acceptable to the Town in Its sole discretion, to
guarantee its compliance with this Subparagraph.
10. UTILITIES. The School shall be responsible for payment of all service charges
for all utilities. The Town shall pay all water and sewer tap fees assessed against
the Premises on the agreement and understanding that all rights and privileges
purchased by payment of the fees will belong solely to the Town as owner of the
property to be used for any purpose whatsoever as the Town sees fit at the
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Stone Creek School
Cash Needs
Amount Due to Vendors
Amount Due ho Wells Fargo ' Good Faith Pymt
Amount Due bNortex
PERA Funding .
Flex Funding
` '
Payroll Obligations:
Feb
Mar
Apr '
May
Jun
Loan Payments:
Mar
Apr
May
Jun
Estimated Monthly Operating Expenses:
Feb
Mar `
Apr
May
Jun
Cash Needed:
State o[Colorado:
Feb
xxor
Apr
May
Jun
Capital Construction Revenue
Kindergarten Revenue:
Feb
Mar
Apr
May
Jun
Cash Available:
SHORTFALL
322,00
120,000
130,000
40,000
lot
25,000
25,000
25,000
I set
39,055
39,055
39,055
39,055
79,319
70,000 EST
oil I I
.
�CL
\ I/
9:55 Ann Stone Creek School
02/08/07 Balance Sheet
Accrual Basis AS of February 8, 2007
Feb 8, 07
Long Term Liabilities
1300 • Wells Fargo
Total Long Term Liabilities
Total Liabilities
Equity
Net Income
Total Equity
TOTAL LIABILITIES & EQUITY
1,201,053.72
1,201,053.72
1,884,389.68
- 213,583.42
- 213,583.42
1,670,806.26
Page 2
9:55 AM Stone Creek School
02/08/07 Profit & Loss
Accrual Basis July 1, 2006 through February 8, 2007
Ordinary Income /Expense
Income
1101 • Miscellaneous
1101A Book Fair
1101 B • Costs
1101A • Book Fair-Other
Total 1101A • Book Fair
1101C • Holiday Fair
1101D • Costs
1101C • Holiday Fair - Other
Total 1101C • Holiday Fair
1101E • Ski Program
1101F Costs
1101E Ski Program - Other
Total 1101E • Ski Program
1101 • Miscellaneous - Other
Total 1101 • Miscellaneous
1102 • Kindergarten Tuition
1103 - Reimbursements
1104 • State of Colorado
Total Income
Expense
0201 • Health /Dental Benefits
0205 • Flex Account
0206 • Life ADBD
0301 Disposal Services
0302 Repair and Maintenance Services
0303 Lease /Land Building
0305 • Water /Sewer
0307 • Electricity
0308 • Alarm Monitoring
0402 • Professional Development
0403 • Special Education Services
0404 • Postage
0405 Advertising
0409 Telephone
0410 • Liability Insurance
0501 • Supplies - Classroom
0502 • Supplies -Office
0503 - Supplies- Maintenance
0504 • Supplies- Nursing
0701 • Dues and Fees
0702 • Lodging Expenses
0703 • Teacher Reimbursements
0704 • Faculty Passes
0705 Bank Charges
0801 Textbooks
0802 • Specials
0900 • Misc Exp
6560 • Payroll Expenses
7200 • Salaries 8: related expenses
7220 • Salaries & wages - other
7230 • PERA contributions
7240 • Workers Compensation Insurance
7250 • Payroll taxes
7255 • Payroll Fees
Total 7200 • Salaries & related expenses
Jul 1, '06 - Feb 8, 07
3,467.87
3 4R7 87
0.00
1,577.28
2,325.31
748.03
- 14,212.00
1 r 117 nn
1,125.00
7,061.90
8,934.93
23,360.00
468.22
515,186.29
547,949.44
38,807.65
435.00
53.85
2,083.86
3,248.10
21,200.00
2,689.24
5,160.87
128.85
416.00
1,040.07
108.30
6,595.73
2,018.91
15,180.08
3,515.67
2,506.05
98.94
136,09
1,595.00
529.98
3,656.90
5,685.00
342.38
50,833.27
4,217.16
3,540.09
843.21
426,707.17
11,697.46
4,462.00
17,649.24
1,240.30
461.756.17
Page 1
l�
Page 1 of ]
Scott Wright
From: Stephanie Novosad [stephanie @nla- cpas.com]
Sent: Thursday, February 08, 2007 10:09 AM
To: Scott Wright
Attachments: Stone Creek Financial Package.pdf
Hi Scott,
Attached is an updated financial package for Stone Creek School with information available to date.
Please let me know if you have any questions or need further information.
Thank you,
Stephanie Novosad, C.P.A.
Novosad, Lyle & Associates, P.C.
(9 70) 845 -8000 ext. 111
(970) 845 -8108 FAX
P.O. Box 5910, Avon, CO 81620
stephanie@nla-cpas.com
CONFIDENTIALITY NOTICE - This e -mail is directed in confidence solely to the person named above, and maV not
otherivise be distributed, copied, or disclosed. The contents of this e -mail may also be subject to accountant - client
privilege a71d all rights to that privilege are eapressljr claimed and not ivaived. If this e -mail has been received in
error, please notify us immediately by telepho77e (970) 845 -8000, and destroy the original transmission without making
a copy.
IRS Circular 230 disclosure: To ensure compliance Nvitb requirements imposed by the IRS, we inform you
that any tax advice contained in this communication (including attachments) is not intended or written to be
used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or any
applicable state or local tax lave or (ii) promoting, marketing or recommending to another party any
transaction or matter that is contained in this communication. Third parties should seek their ovvn advice
based on their particular facts and circumstances from an independent tax advisor.
2/8/2007 �,-
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NOR TEX AMD ULAR SPACE
17301 W Coffia-rAlyenue
Suite 411
Golden CO 80401
August 24, 2006
Mr. Bill Hammer
Stonecreek Elementary
PO Box 208
Vail CO 81658-0208
RE: Letter of Credit For Removal Charges
Dear Bill:
Please use this letter as evidence of Nortex Modular Space's commitment to extend credit
to vou and Stonecreek Elementary for the removal of the modular educational building
from the present location at 375 Yoder Avenue in Avon Colorado. Approximate charges
of $100,000.00 - $125,000.00 for the removal and transport of the building to another
location in Avon are to be expected. This includes disconnecting the interior joints of the
fire sprinkler system. tear down of the building and transport to the new site. This does
not include charges for electrical. plumbing, HVAC and other disconnection services.
Bill, if you should require any additional information, please let me know.
Thank you.
Respectfully..
NO EX MODU AR SPACE
Daniel V. Rasmussen
NW Regional Manager
3031985-1966 3031985-4660fiax tlaii,i-asiiius .seiiLa),,tortexniodtilat-.coiii
wwjv. noricxinodular. coin
I