Loading...
HomeMy WebLinkAboutMISC - Phase I Final PlatJOHN A. THULSON EDWARD MULHALL, JR. SCOTT BALCOMB LAWRENCE R. GREEN TIMOTHY A. THULSON LORI J. M. SATTERFIELD DAVID SANDOVAL CHRISTOPHER L. GEIGER ANNE MARIE CALLAHAN BALCOMB & GREEN, P.C. ATTORNEYS AT LAW P. 0. DRAWER 790 818 COLORADO AVENUE GLENWOOD SPRINGS, COLORADO 81602 VIA HAND DELIVERY TO: Telephone: 970.945.6546 Facsimile: 970.945.8902 August 30, 2001 Mark Bean, Director Garfield County Building and Planning Department 109 8th Street, Suite 303 Glenwood Springs, CO 81601 Dear Mark: RECEIVED AUG 3 0.2001 OF COUNSEL: KENNETH BALCOMB Re: Extension of Time Period for Completion of Subdivision Improvements for the Rose Ranch Planned Unit Development, Phase 1 As previously discussed and relevant to the above referenced matter, I enclose herewith, an original and five copies of that document titled Third Amendment to Subdivision Improvements Agreement, Rose Ranch Planned Unit Development, Phase 1, which amendment extends the completion date for the construction of improvements within the Subdivision. As discussed with you and as I am sure you are very much aware, Rose Ranch, LLC is and has been for sometime actively engaged in the completion of construction of the public improvements for the Rose Ranch Subdivision. Given the fact that since the Final Plat was filed in the Fall of 2000, Rose Ranch was due to the onset of winter conditions, unable to complete these improvements within the anticipated one year time period. Regarding this document I would note that I am signing on behalf of Rose Ranch, LLC as its attorney-in-fact pursuant to the also enclosed Power of Attorney, an executed copy of which I will provide to you prior to the Board's hearing on this Amendment. In accordance with the above I would ask that you schedule this matter at the first available opportunity before the Board. BALCOMB & GREEN, P.C. ATTORNEYS AT LAW Mark Bean, Planning Director August 30, 2001 Page 2 Should you have any questions or concerns regarding the above please feel free to contact me at your convenience. Very truly yours, BALCOMB & G�REE3\1, P.C. By TAT/bc Encls. Timothy A. Thulson THIRD AMENDMENT TO SUBDIVISION IMPROVEMENTS AGREEMENT ROSE RANCH PLANNED UNIT DEVELOPMENT, PHASE 1 THIS THIRD AMENDMENT TO SUBDIVISION IMPROVEMENTS AGREEMENT is made and entered into this day of , 2001, by and between ROSE RANCH, LLC, a Delaware limited liability company (hereinafter "Owner") and THE BOARD OF COUNTY COMMISSIONERS OF GARFIELD COUNTY, STATE OF COLORADO (hereinafter "Board"). WITNESSETH: WHEREAS, on September 13, 1999 and pursuant to the provisions set forth within Section 5:31 of the Garfield County Subdivision Regulations, as amended, Owner and the Board executed a Subdivision Improvements Agreement (hereinafter "SIA") addressing and concerning the construction and completion of certain public and other improvements (hereinafter "Improvements") contained within the Rose Ranch Planned Unit Development, Phase 1. WHEREAS, under the SIA, Owner was required to complete construction of the Improvements on or before September 1, 2000. WHEREAS, in order to accommodate the delay experienced by Owner instant to the filing of the Final Plat for the Rose Ranch Planned Unit Development, Phase 1, the time period for the completion of construction of Improvements was extended by the Board on July 10, 2000 (First Amendment to Subdivision Improvements Agreement) to September 1, 2001. WHEREAS, the Final Plat for the Rose Ranch Planned Unit Development, Phase 1 was filed in the records of the Clerk and Recorder for Garfield County, Colorado on September 11, 2000 and since that date Owner has actively been involved in constructing the Improvements in accordance with the terms and conditions of the SIA. WHEREAS, Owner will be unable to complete the Improvements by September 1, 2001. WHEREAS, the Board and Owner wish to amend those provisions of the SIA governing the time periods for completion of the Improvements to allow completion thereof under Owner's present construction schedule. NOW, THEREFORE, for and in consideration of the premises and the following mutual covenants and agreements, Owner and the Board agree as follows: 1. The time periods for Owner's performance set forth within the SIA at paragraphs 2, 4, 5 and 6 are hereby amended from September 1, 2001 to September 1, 2002. 2. All remaining terms, provisions and conditions of the SIA, as amended, which are not addressed or otherwise effected by this Third Amendment to Subdivision Improvements Agreement shall remain in force and effect. ENTERED INTO the day and year first above written. ROSE RANCH, LLC a Delaware limited liab)lity company By Timothy A. Thulson, Attorney -in -Fact BOARD OF COUNTY COMMISSIONERS OF GARFIELD COUNTY, COLORADO By Chairman ATTEST: Clerk to the Board Third Amendment to Subdivision Improvements Agreement for Rose Ranch PUD, Phase 1 Rose Ranch, LLC/GarCo Board of County Commissioners E: IWP-DOCS1 Tim Thulsonl Third Amendment to Subdivision Improvements Agreement for Rose Ranch PUD, Phase 1.8-30-01.1vpd Page 2of2 POWER OF ATTORNEY ROSE RANCH, LLC, a Delaware limited liability company ("Grantor"), with a principal place of business at c/o Ron Jacobs, 730 17`h Street, Suite 900, Denver, Colorado 80202, hereby makes, constitutes and appoints Timothy A. Thulson of Glenwood Springs, Colorado ("Attorney -in -Fact"), to be its true and lawful Attorney -in -Fact, for it and in its name, place and stead, to execute the Third Amendment ofthe Subdivision Improvements Agreement for Rose Ranch Planned Unit Development, Phase 1, and to generally to do any and all things which the Attorney -in -Fact in his discretion shall be necessary or proper on behalf of the Grantor concerning the execution of the Third Amendment of the Subdivision Improvements Agreement identified above and which the limited liability company could do, with full power of substitution or revocation, ratifying and confirming all that the Attorney -in -Fact shall lawfully do or cause to be done, by virtue of this Power of Attorney. This Power of Attorney shall automatically expire by its own terms upon completion of the limited purpose set forth hereinabove. IN WITNESS WHEREOF, I have hereunto set my hand on this day of 2001. STATE OF ILLINOIS ) ) ss. COUNTY OF COOK ) ROSE RANCH, LLC, a Delaware limited liability company By: Marguerite M. Brogen The foregoing instrument was acknowledged before me this 2001, by Marguerite M. Brogen as Delaware limited liability company. day of for Rose Ranch, LLC, a Witness my hand and official seal My commission expires Notary Public E:\WP-DOCS\Tim Thulson\Power of Attorney for Timothy A. Thulson for Rose Ranch, LLC.8-30-O1.wpd THIRD AMENDMENT TO SUBDIVISION IMPROVEMENTS AGREEMENT ROSE RANCH PLANNED UNIT DEVELOPMENT, PHASE 1 THIS THIRD AMENDMENT TO SUBDIVISION IMPROVEMENTS AGREEMENT is made and entered into this day of , 2001, by and between ROSE RANCH, LLC, a Delaware limited liability company (hereinafter "Owner") and THE BOARD OF COUNTY COMMISSIONERS OF GARFIELD COUNTY, STATE OF COLORADO (hereinafter "Board"). WITNESSETH: WHEREAS, on September 13, 1999 and pursuant to the provisions set forth within Section 5:31 of the Garfield County Subdivision Regulations, as amended, Owner and the Board executed a Subdivision Improvements Agreement (hereinafter "SIA") addressing and concerning the construction and completion of certain public and other improvements (hereinafter "Improvements") contained within the Rose Ranch Planned Unit Development, Phase 1. WHEREAS, under the SIA, Owner was required to complete construction of the Improvements on or before September 1, 2000. WHEREAS, in order to accommodate the delay experienced by Owner instant to the filing of the Final Plat for the Rose Ranch Planned Unit Development, Phase 1, the time period for the completion of construction of Improvements was extended by the Board on July 10, 2000 (First Amendment to Subdivision Improvements Agreement) to September 1, 2001. WHEREAS, the Final Plat for the Rose Ranch Planned Unit Development, Phase 1 was filed in the records of the Clerk and Recorder for Garfield County, Colorado on September 11, 2000 and since that date Owner has actively been involved in constructing the Improvements in accordance with the terms and conditions of the SIA. WHEREAS, Owner will be unable to complete the Improvements by September 1, 2001. WHEREAS, the Board and Owner wish to amend those provisions of the SIA governing the time periods for completion of the Improvements to allow completion thereof under Owner's present construction schedule. NOW, THEREFORE, for and in consideration of the premises and the following mutual covenants and agreements, Owner and the Board agree as follows: 1. The time periods for Owner's performance set forth within the SIA at paragraphs 2, 4, 5 and 6 are hereby amended from September 1, 2001 to September 1, 2002. 2. All remaining terms, provisions and conditions of the SIA, as amended, which are not addressed or otherwise effected by this Third Amendment to Subdivision Improvements Agreement shall remain in force and effect. ENTERED INTO the day and year first above written. ROSE RANCH, LLC , a Delaware limited lial�aity company By Timothy A. Thulson, Attorney -in -Fact BOARD OF COUNTY COMMISSIONERS OF GARFIELD COUNTY, COLORADO By Chairman ATTEST: Clerk to the Board Third Amendment to Subdivision Improvements Agreement for Rose Ranch PUD, Phase 1 Rose Ranch, LLC/GarCo Board of County Commissioners E:IWP-DOCSITim Thudo,, Third Amendment 10 Subdivision Improvements Agreement for Rose Ranch PUD, Phase I.8-30-0i.wpd Page 2 of 2 AMODMO S AGEMENT TI31� IMPROVEMENTS T GgEEMENT is ROSE between SUBDIVISION IMPROVEMENTS by and nd THE BOARD OF MENDMENT TO y of einafter "Owner") b a et (hereinafter VIRE, A TE THIS TH COLO into this liability company Co TY STA OF made and entered ERS OF GARFIEL C aDelaware limited RATTY COMIviISSION CO «Board • SUBDIVISION IMP ELOPMENT PHASE 1 O SSB UNIT DEV OSE INCH PLANNED VEMEN TS A R O WITNESSETH: to the p Ovines and the concerning the 1999 and pursuantended d September 13, s as am ddressing ' ants") EgEeld on Sep Subdivision Regulations, eg l a n Etas "SIA") a hereinafter "ImprOvem 'WHEREAS, ent ( rovements the Garfield encs Agreement d other imp Phase 1. 5.31 of rovem public an Development, a Subdivision Improvements mp I t on of certaind j Jnit D construction contain I orth within Section Board executed rovisions $et f tion and completion omp e 1 plana complete Planned 'thin the hose Ranch was required to ed SIA, under the 1 � 2000 WHEREAS, re September the construction of experienced by Ownerwithin instar period for the or before delay eXp l the est 10, 2000 (First Improvements °n accommodate the Development, phase July order to accom ed Unit Develop b the Board on 'WHEREAS, in Ranch Plane as extended Y ber 1, 2001 WH the Rose encs w ant) to September filed plat for of Improvem neem t Phase 1 was d of the Final construction ents Ag alar 11 2000 letion of constru Improvements edUnitDevelo September comp E Subdivision Imp plann accordance Amendment oseRanch County, Colorado on nrovements in 'WHEREAS, Clerk MalPlat Ret oTdeT R Garfield the Imp gecorder for volved in constructing WKE Clerk and b September 1, 2001 • of the has actively been m in the records date of the SIN. encs Y he terms and conditions late the ImprOvem since to comp over, 2001.e with t Own ill be unable of the SIA governing s present RE AS' Owner w to amend those provi io eof under NOgo W d Owner wish �,,� completion 'WHEgEASpl eBoardan entsto allow utu completion of the Imp and the following n' periods for comp f the premises timep schedule. construction din consideration ° follows: NOW THEREFORE, for and d the Board agree as N reements' Owner covenants and ag 1 4 1. The time periods for Owner's performance set forth within the SIA at paragraphs 2, 4, 5 and 6 are hereby amended from September 1, 2001 to September 1, 2002. 2. All remaining terms, provisions and conditions of the SIA, as amended, which are not addressed or otherwise effected by this Third Amendment to Subdivision Improvements Agreement shall remain in force and effect. ENTERED INTO the day and year first above written. ROSE RANCH, LLC a Delaware limited liab,j.lity company By Timothy A. Thulson, Attorney -in -Fact BOARD OF COUNTY COMMISSIONERS OF GARFIELD COUNTY, COLORADO By Chairman ATTEST: Clerk to the Board Third Amendment to Subdivision Improvements Agreement for Rose Ranch PUD, Phase I Rose Ranch, LLC/GarCo Board of County Commissioners E: I WP-DOCSITim Thulsonl Third Amendment to Subdivision Improvements Agreement for Rose Ranch PUD, Phase 1.8-30-01. wpd Page 2 of 2 THIRD AMENDMENT TO SUBDIVISION IMPROVEMENTS AGREEMENT ROSE RANCH PLANNED UNIT DEVELOPMENT, PHASE 1 THIS THIRD AMENDMENT TO SUBDIVISION IMPROVEMENTS AGREEMENT is made and entered into this day of , 2001, by and between ROSE RANCH, LLC, a Delaware limited liability company (hereinafter "Owner") and THE BOARD OF COUNTY COMMISSIONERS OF GARFIELD COUNTY, STATE OF COLORADO (hereinafter "Board"). WITNESSETH: WHEREAS, on September 13, 1999 and pursuant to the provisions set forth within Section 5:31 of the Garfield County Subdivision Regulations, as amended, Owner and the Board executed a Subdivision Improvements Agreement (hereinafter "SIA") addressing and concerning the construction and completion of certain public and other improvements (hereinafter "Improvements") contained within the Rose Ranch Planned Unit Development, Phase 1. WHEREAS, under the SIA, Owner was required to complete construction of the Improvements on or before September 1, 2000. WHEREAS, in order to accommodate the delay experienced by Owner instant to the filing of the Final Plat for the Rose Ranch Planned Unit Development, Phase 1, the time period for the completion of construction of Improvements was extended by the Board on July 10, 2000 (First Amendment to Subdivision Improvements Agreement) to September 1, 2001. WHEREAS, the Final Plat for the Rose Ranch Planned Unit Development, Phase 1 was filed in the records of the Clerk and Recorder for Garfield County, Colorado on September 11, 2000 and since that date Owner has actively been involved in constructing the Improvements in accordance with the terms and conditions of the SIA. WHEREAS, Owner will be unable to complete the Improvements by September 1, 2001. WHEREAS, the Board and Owner wish to amend those provisions of the SIA governing the time periods for completion of the Improvements to allow completion thereof under Owner's present construction schedule. NOW, THEREFORE, for and in consideration of the premises and the following mutual covenants and agreements, Owner and the Board agree as follows: 1. The time periods for Owner's performance set forth within the SIA at paragraphs 2, 4, 5 and 6 are hereby amended from September 1, 2001 to September 1, 2002. 2. All remaining terms, provisions and conditions of the SIA, as amended, which are not addressed or otherwise effected by this Third Amendment to Subdivision Improvements Agreement shall remain in force and effect. ENTERED INTO the day and year first above written. ROSE RANCH, LLC a Delaware limited liability company By Timothy A. Thulson, Attorney -in -Fact BOARD OF COUNTY COMMISSIONERS OF GARFIELD COUNTY, COLORADO By Chairman ATTEST: Clerk to the Board Third Amendment to Subdivision Improvements Agreement for Rose Ranch PUD, Phase 1 Rose Ranch, LLC/GarCo Board of County Commissioners E: I WP-DOCSITim Thulsonl Third Amendment to Subdivision Improvements Agreement for Rose Ranch PUD, Phase I.8-30-0/. wpd Page 2of2 ,Garfield County March 9, 2001 Tom Dykema 0257 CR 157 Glenwood Springs, CO 81601 Building & Planning Department Dear Mr. Dykema: After reviewing the issue with the County Attorney and reviewing the Rose Ranch PUD Plan map and final plat files, I can make some limited comments on the issue you raised in your February 28th letter. Since the Board has approved the PUD rezoning, preliminary plan and the initial phases of the project, there is very little we can do at this time, which I will try to explain further. The Rose Ranch PUD Plan, does not identify any land uses on your properties. The PUD Plan shows some lot lines going directly up to your property boundaries and two other sections are shown as common open space for the development, adjacent to some of the property boundaries. Rose Ranch has final platted some of the lots in the development, along with the entire golf course. The map you attached to your letter is the correct representation. The area adjacent to your properties has not been platted at this time, but will be platted in Phase III, which is supposed to occur between 2002-2004. The developers do have the option of accelerating the schedule, if they decide it is warranted. Final Plat approval does not require any public hearing or notice, so there is no real recourse for additional comments by your group in terms of a County process. Beyond what you see on the PUD Plan maps, I was unable to find any other representations about your property. Whether or not you have any other legal recourse will have to be answered by an attorney of your groups choice. If I can answer any other questions about the Rose Ranch, feel free to call or write to me, at your convenience. Sincerely, Mark L. Bean, Director Building & Planning Department 109 8th Street, Suite 303 945-8212/285-7972 Glenwood Springs, Colorado 81601 Tom Dykema 0267 Co. Rd. 167 Glenwood Springs, CO 81601 February 28, 2001 Mr. Mark Bean Garfield County Building Planning Dept. 109 8th St. Glenwood Springs, CO 81601 Dear Mr. Bean: RECEIVED MAR o 1 20D1 Thank you for taking the time to discuss my concerns about the property line which I and my neighbors have in common with the Rose Ranch development. For your information, this property line condition is apparently shared by the following property owners, listed starting at the low point and heading upstream: 1) Doug Mochrie 2) The Dykemas 3) Bea Young 4) Paul Echeverria 5) Suzanne Dameron 6) Natalie Gardner. As you requested I am providing, attached, a copy of my improvement survey and a copy of the Sketch Plan as submitted by the Rose Ranch developers on April 2, 1998. I trust that will be clear to you that there is a stretch of riverbank on the Rose Ranch side which is not Rose Ranch property. I would appreciate your comments with regard to that property line. I am especially interested in your understanding of how this small piece of land was represented on the plans submitted to Garfield County by the Rose Ranch developers, and howl and my neighbors are affected by the plans for the development. I understand of course that neither you or the county attorney should give me or my neighbors legal advice, however your comments on relevant county procedures and policies would be very helpful. Please feel free to call me at 945-5272 with any questions. Thank you in advance for your co-operation. Sincerely Tom Dykem Cc: Doug Mochrie et al Attachments ,YJO.L X (s 1. . 1 I .111 I, It I rn • 7,7! ft: 1.7 9 a Uri V liJi1E-C' .4; .d. tz. 2. sZ. 1131' '%,•F • • 1*-.‘ • • 3 .7 • 'A,' • 4,t, ____71 0: P ,.... 4 SKETCH PI_AN 1 i s, ,, —, ,, d - g .. R . 4 ,.... , tit 1!" ,..iq 1:1 I S S • • ,... r s i .‘ 7 I 2 • i •J I i f & b ; :., 4 td.,3•3• • ,, ,.!,,,t,- •,, EV 16 ' V E Of ;'1 , ac.. n t'l t',1: 1.1 t:•, t; 1 ..; ' I ::0,‘ , • >. I '! ; - L -t •.f. sko £661 `8 N381413030 tzi '0N ONM MO ,00'0d1 „Z1,8E.00 S �Od 01\11810gdd X d�IxO�d 1\1010,907 g� Tool g „00,22:68 N Zc-) 4, - z c"c����oil n�c"z azo am y r_Ar' - CD rTl�� Zo-1 C0 rnoc.)i; :zZZo to Zt Otovt Oj ' C o Ll o y NS mO�rI�,Z -4 C4 C3 '' '.4a cp )!.. Z ,,,'„i zo m z�,m zoz^ C•wo� a!j1 o • og31 goo orn • -1:7 . Dov o o2 � a o z o N_zrh m�C)oar., 0r9, ?; �1 -ca,-, -i g a zt 0 \ \ ( 13 ▪ \ 10 \ 0 r'1 GYM 000M 3�dddd 3N� 1110 ONu51X3 N N 0134'00 " E CORYELL Iklr%d t44 t!2 � by z\I t/f, *?. o� UPDATE IMPROVEMENT LOCATION CERTIFICATE JOHN A. THULSON EDWARD MULHALL, JR. SCOTT BALCOMB LAWRENCE R. GREEN TIMOTHY A. THULSON LORI J. M. SATTERFIELD EDWARD B. OLSZEWSKI DAVID SANDOVAL DENDY M. HEISEL HAND DELIVERED BALCOMB & GREEN, P.C. ATTORNEYS AT LAW P. 0. DRAWER 790 818 COLORADO AVENUE GLENWOOD SPRINGS, COLORADO 81602 Telephone: 970.945.6546 Facsimile: 970.945.8902 September 8, 2000 Mr. Mark Bean Garfield County Building and Planning Department 109 Eighth Street, Third Floor Glenwood Springs, Colorado 81601 Re: Rose Ranch & Westbank Golf Course Dear Mark: RECEIVED SEP 0 8 2000 OF COUNSEL: KENNETH BALCOMB Enclosed please find the Appraisal Report for the Rose Ranch & Westbank Golf Course. This appraisal addresses the school impact fee issues. Should you have any questions or concerns regarding the above, please feel free to contact me at your convenience. TAT:nmk Enclosures Very truly yours, BALCOMB & GREEN, P.C. RECEIVED SEP 0 8 an LIMITED APPRAISAL - RESTRICTED APPRAISAL REPORT THE ROSE RANCH & WESTBANK GOLF COURSE GARFIELD COUNTY, COLORADO PREPARED FOR THE GARFIELD COUNTY BOARD OF COMMISSIONERS RE -1 SCHOOL DISTRICT OF GARFIELD COUNTY GARFIELD COUNTY, COLORADO AS OF: SEPTEMBER 29, 1999 PREPARED BY MCCLOUD AND ASSOCIATES 1720 S. BELLAIRE STREET, SUITE #1100 DENVER, COLORADO Garfield County Board of Commissioners RE -1 School District of Garfield County October 8, 1999 Page 1, This is a Limited Appraisal in a Restricted Appraisal Report which is intended to comply with the reporting requirements set forth under Standards Rule 2-2(c) of the Uniform Standards of Professional Appraisal Practice (USPAP) for a Restricted Appraisal Report. As such, it presents no discussions of the data, reasoning and analyses that were used in the appraisal process to develop the appraiser's opinion of value. Supporting documentation concerning the data, reasoning and analyses is retained in the appraiser's file. The depth of discussion contained in this report is specific to the needs of the client and/or the intended use stated below. The appraiser is not responsible for unauthorized use of this report. Furthermore, in accordance with prior agreement between the client and the appraiser, this report is the result of a limited appraisal process in that certain allowable departures from specific guidelines of the Uniform Standards of Professional Appraisal Practice (USPAP) were invoked. The intended user of this report is warned that the reliability of the value conclusion provided may be impacted to the degree there is a departure from specific guidelines of USPAP. CLIENT: Garfield County Board of Commissioners RE -1 School District of Garfield County Garfield County, Colorado APPRAISER: Harold S. McCloud, MAI 1720 S. Bellaire, Suite 1100 Denver, Colorado SUBJECT: Rose Ranch and the Westbank Golf Course Garfield County, Colorado PURPOSE OF THE APPRAISAL: To estimate market value as defined by the Office of the Controller of the Currency under 12 CFR, Part 34, Subpart C. INTENDED USE OF THE REPORT: The purpose of this appraisal is to estimate the market value of the fee simple interest in the subject property, as if free and clear of all liens, leases or encumbrances, in its "as -is" condition, with a zoning of A-1, and assuming less than one year exposure to the market. The function of this appraisal is to aid in or support decisions relating to the School Impact Fee Calculations for the subject property for the benefit of the client, Garfield County Board of Commissioners and the RE -1 School District of Garfield County. Garfield County Board of Commissioners RE -1 School District of Garfield County October 8, 1999 Page 2, INTEREST VALUE: Fee Simple Interest EFFECTIVE DATE OF VALUE: September 29, 1998 DATE OF REPORT: October 8, 1999 APPRASIAL DEVELOPMENT AND REPORTING PROCESS: In preparing this appraisal, the appraiser inspected the subject property, gathered information from the subject's neighborhood, and in the general real estate markets. Investigated sales of large acreage land, which were relied upon in this report. The sales were confirmed with at least one party to the transaction. This information was applied in the Sales Comparison Approaches. This Restricted Appraisal Report sets forth only the appraiser's conclusions. A complete, self- contained appraisal report can be provided upon request. REAL ESTATE APPRAISED: Rose Ranch and the Westbank Golf Course contains 534.189 - acres, located in Garfield County, Colorado. The zoning is A-1, agricultural. HIGHEST AND BEST USE: Highest and Best Use as though vacant: Development a residential community. Highest and Best Use as improved: A residential development with golf course CONCLUDED VALUE: The estimated market value of the subject land is $6,410,000 or $12,000 per acre. This is a Limited Appraisal because a subdivision analysis was not processed. INDICATED EXPOSURE TIME: About 9 to 12 months. INDICATED MARKETING TIME: About 9 to 12 months. CER TIFICA TION: I certify that, to the best of my knowledge and belief, ... The statements of fact contained in this report are true and correct. The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions, and is my personal, unbiased professional analyses, opinions and conclusions. I have no present or prospective interest in the property that is the subject of this report, and I have no personal interest or bias with respect to the parties involved. My compensation is not contingent upon the reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value estimate, the attainment of a stipulated result, or the occurrence of a subsequent event. The appraisal assignment was not based on a requested minimum valuation, a specific valuation, or the approval of a loan. My analyses, opinions, and conclusions were developed, and this Restricted Appraisal report is intended to comply with the reporting requirements set forth under Standards Rule 2-2(c) of the Uniform Standards of Professional Appraisal Practice (USPAP). Harold S. McCloud, MAI has made a personal inspection of the property that is the subject of this report. No one other than the undersigned, provided assistance in the preparation of this report. _ The use of this report is subject to the requirements of the Appraisal Institute and the Appraisal Foundation relating to review by their duly authorized representatives. The reported analyses, opinions, and conclusions were developed, this report has been prepared, in conformity with the requirements of the Code of Professional Ethics and the Standards of Professional Appraisal Practice of the Appraisal Institute. As of the date of this report, Harold S. McCloud, MAI has completed the requirements of the continuing education program of the Appraisal Institute. In my opinion, the Fee Simple Market Value as of September 29, 1999 is $6,410,000. ei6(!).04, Harold S. McCloud, MAI State of Colorado Certified General Appraiser Certificate #CG01313633 Assumptions and Limiting Conditions This Appraisal Report is subject to the following Assumptions and Limiting Conditions: 1. Limited Appraisal because it invokes the Departure Provision of the Uniform Standards of Professional Appraisal Practice. As such, information pertinent to the valuation has not been considered and/or the full valuation process has not been applied. Depending on the type and degree of limitations, the reliability of the value conclusion provided herein may be reduced. 2. This is a Limited Appraisal in a Restricted Appraisal Report which is intended to comply with the reporting requirements set forth under Standards Rule 2-2(c) of the Uniform Standards of Professional Appraisal Practice (USPAP) for a Restricted Appraisal Report. As such, it presents no discussions of the data, reasoning and analyses that were used in the appraisal process to develop the appraiser's opinion of value. Supporting documentation concerning the data, reasoning and analyses is retained in the appraiser's file. The depth of discussion contained in .this report is specific to the needs of the client and/or the intended use stated below. The appraiser is not responsible for unauthorized use of this report. Legal Matters and Title 1. No investigation of title to the subject property has been made, and it is assumed to be good and marketable, free and clear of all deeds of trust, use restrictions and reservations, easements, cases or actions pending, tax liens, and bonded indebtedness, unless otherwise specified. 2. No responsibility for legal matters is assumed. 3. All existing liens and encumbrances have been disregarded and the subject property is appraised as though free and clear, unless otherwise specified. 4. The subject property is valued as if free and clear of leases and available for lease. Limitations on the Extent of the Appraisal Process 1. The appraiser assumes that there are no hidden or unapparent conditions of the subject property, subsoil or structures which would render it more or less valuable than otherwise comparable property. The appraiser assumes no responsibility for such conditions or for engineering, which might be required to discover such deficiencies. The appraiser has made no investigation into the presence or absence of asbestos, PCBs, or other hazardous materials in the subject property. The reader should be aware that no consideration has been given to the impact, if any, on the valuation of the subject property if any of these materials should be present. The appraiser assumes no responsibility for addressing such conditions, if any, or for engineering which might be required to discover such deficiencies. 3. The author is not qualified to determine if the subject property meets the requirements of the Americans with Disabilities Act, effective January 26, 1992. I suggest an audit be performed to see if the subject property meets the ADA requirements. If changes to the subject property are necessary in order for the improvements to comply with the requirements of this legislation, my valuation is subject to change. Limitations on information contained in this Appraisal Report 1. Care has been taken to obtain all information from reliable sources. However, the appraiser cannot guarantee or be responsible for the accuracy of this information. 2. Any sketches in this report are intended to be visual aids and should not be construed as surveys or engineering drawings. Limitations on value estimates contained in this Appraisal Report 1. If the valuation contained herein relates to an estate that is less than the whole fee simple estate and is a fractional interest only. The value of this fractional interest, plus the value of all other fractional interests, may or may not equal the value of the entire fee simple estate considered as a whole. 2. The distribution of the total valuation in this report between land and improvements applies only under the existing program of utilization. The separate valuations for land and building must not be used in conjunction with any other report and are invalid if so used. 3. The value reported for each geographical portion relates to such portion only and should not be construed as applying with equal validity to other portions of the larger parcel or tract. The value reported for each geographical portion plus the value of all other geographical portions may or may not equal the value of the entire parcel or tract considered as a whole. 4. No consideration has been given to any furniture, trade fixtures, or special equipment. Any discussion of those items is for reference purposes only, and I accept no responsibility for the valuation of those items. 5. In the current market, real estate price levels for income-producing properties are dictated by the present value of future expectations. Under the circumstances, appraisers must quantify market projections, which are, by their character, imprecise. Property earnings and financial projections contained in this report represent my informed judgment as to present and anticipated market trends. Any cash flow analysis implemented for valuation purposes represents an orderly financial process superimposed on a market, which is typically erratic in behavior. Any aberrations and/or dramatic changes in the local and national economy may impact the subject property's capacity to generate the earnings set forth herein with a concomitant impact on value. Publication and use of this Appraisal Report 1. Possession of this report or a copy thereof does not imply right of publication, nor use for any purpose by any other than the person or company to whom it is addressed, without the written consent of the author. 2. The report and data investigated, except that furnished by the client, remain the sole property of this firm. 3. Neither all nor any part of the contents of this report shall be conveyed to the public through advertising, public relations, news, sales or other media, without the written consent and approval of the author, particularly as to valuation conclusions, the identity of the author or firm with which they are connected, or any reference to the Appraisal Institute and the Appraisal Foundation, or to the MAI Designation. 4. I have no objection to your use of the firms name as the author of the report which is to be prepared, and hereby consent to your making reference to such report in your reports or financial statements and in any document filed with any governmental agency, provided that: 1) prior to making any such reference in any report or statement or any document filed with The Securities and Exchange Commission or other governmental agency, I am allowed to review and approve the text of such reference to determine the accuracy and adequacy of such reference to the report prepared by our firm; 2) in my opinion, the proposed reference is not untrue or misleading and is adequate for the purposes intended in light of the circumstances under which it is made; and, 3) such reference to the report includes language to be approved by this firm. 5. Loss or removal of any portion of this report invalidates the entire report. General Limitations on the Appraisal 1 The terms of the agreement between the client and the appraiser is such that the appraiser has no obligation to update the report or revise it in any manner because of events or transactions occurring subsequent to the date of such report. 2. The appraiser shall not be required to give testimony or be in attendance in court by reason of this report unless prior arrangements have been made in writing. If any courtroom or administrative testimony is required in connection with this report, an additional fee shall be charged for those services. 3. Other Assumptions and Limiting Conditions have been made where they logically apply and are specified in the report. Limitations on value estimates contained in this Appraisal Report for Proposed Improvements 1. Completion as per the plans and specifications submitted and construction to start within a reasonable time period from the date of this appraisal. 2. The appraiser reserves the right to inspect the subject improvements when completed to verify conformance with the plans and specifications upon which this appraisal is based. Qualifications of the Appraiser NAI\'IE: Harold S. McCloud EDUCATION: Bachelor of Arts, Metropolitan State College May, 1991, Major: History; Minor: Real Estate Various Continuing Education Seminars APPRAISAL ASSOCIATIONS: MAI (Member, Appraisal Institute), Certificate No. 9758, December, 1992 Assistant Regional Member, Ethics Committee Chapter Director Candidates Guidance Chair 1993-1996 Newsletter Editor 1990-1992 MEMBER OF: LICENSES: Former Council -member -Town of Parker 1994-1996 Former Member DRCOG & E-470 1994-1996 Vice President, Parker Properties I, Metropolitan District, 1990 -Present Staff Instructor—Arapahoe Community College 1993 -Present and Emily Griffith Opportunity School Colorado Real Estate Broker (active) Class B Contractors License (inactive) Certified General Appraiser in Colorado, #CGO1313633 BUSINESS AFFILIATIONS: McCloud & Associates 1720 S. Bellaire Street #1100 Denver, Colorado 80222 APPRAISAL EXPERIENCE: Appraisal assignments have involved the valuation of: residential, commercial and industrial land, apartment buildings, bowling alleys, car washes, commercial buildings, conference centers, golf courses, hotels, ice arenas, industrial buildings, mobile home parks, motels, office buildings, recreational properties, subdivisions, shopping centers, theaters, easements, leasehold and leased fee interests. Emphasis on special purpose properties containing a business value increment. Portfolio assignments include: multiple commercial properties located in Colorado, Maryland, Nebraska, Kansas and Illinois. CAREER HISTORY: Owner, McCloud & Associates. Principle appraiser with MacTaggart and Mosier from 1990 to 1995; associate appraiser with Joseph Farber & Company, Inc. from 1986 to 1990. Two years with John Ratkovich, Century 21, as a commercial real estate salesman. From 1969 to 1984, held various positions in construction management. GARFIELD COUNTY TREASURER RECEIPT DATE: Ij--/3- fl0 FROM: iL 4-1-9 is2-64-4—e." RE: / / ` G- - z o 0-0 SIGNED: BY SEP .20.2000 2:43PM NO.677 P.2/4 RECEIVED SEP 2 7 2000 RONALD H. JACOBS A Professional Corporation Attorney at Law ,The Equitable Building 730 17th Street, Suite 90() Denver, Colorado g0202 Don K. Deford, Esq. Garfield County Attorney 109 8th Street Glenwood Springs, CO 81601 September 20, 2000 Re: Rose Ranch Planned Unit Development Dear Mr. Deford: Phone: (303) 575-" 25 FAX: (303) 825-9147 E-mail: rj.taw®worldnet.au.nct This letter is to acknowledge the agreement of the parties that the date for delivery of an acceptable letter of credit set out in the September 8, 2000 letter regarding the Deposit, as defined in the letter, is changed from September 18, 2000 to October 2, 2000. All other terms of the letter, a copy of which is attached, remain the same. Very truly yours, Ronald H. Jacobs Acknowledged and agreed to on • .: of the Bo d of Co Garfield County this ly of September, = 1 00. Acknowledged and agreed to o County thisigy of September, 2 ssioners of of the Coun Treasurer of Garfield SEP.20.2000 2:43PM The Equitable Building 730 17th Street. Suite 900 Denver. Colorado 80202 Don K. Deford, Esq, Garfield County Attorney 109 8th Street Glenwood Springs, CO 81601 RONALD H. JACOBS A Professional Corporation Attorney at Law September 8, 2000 Re: Rose Ranch Planned Unit Development Dear Mr, Deford: NO.677 P.3/4 Phone: (303) 575-9225 FAX: (303) 825-9147 E-mail: rj.law@worldnet.ntt.net This letter is to set out the understanding between Lehman Brothers Holdings Inc. doing business as Lehman Capital, a division of Lehman Brothers Holdings Inc. ("Lehman") and the Board of County Commissioners of Garfield County (the "County") with regard to the cash deposit being made by Lehman to the County Treasurer of Garfield County. Under the terms of County Resolution No, 99-068 approving the preliminary plan for Rose Ranch P.U.D. and the Subdivision Improvement Agreement (the "SIA") between Roaring Fork Investments, LLC (the "Owner") and the County a letter of credit is to be delivered to the County to secure and guarantee the performance of the obligations of the Owner under the SIA. Lehman is depositing by wire transfer to the County Treasurer of Garfield County the sum of $8,563,366.85 (the "Deposit"). The Deposit is being made in lieu of the letter of credit in the same amount and to allow Lehman or the Owner a period of time to arrange for the letter of credit. It is Lehmap's understanding that the Deposit will held sum pending the delivery of a letter of credit in the same amount. The letter of credit shall be delivered on or before September 18, 2000. Upon delivery of an acceptable letter of credit the Deposit will be returned to Lehman, without interest. In consideration of the County retaining any interest which May be earned on the deposit the County and the County Treasurer agree to waive any fees or charges to which they may be entitled for accepting and holding the Deposit. In addition the County Treasurer shall have no obligation to make any disbursements in whole or in part of the Deposit other than to return the Deposit to Lehman upon the delivery of the letter of credit, SEP.20.2000 2:43PM Don K. Deford, Esq. September 8, 2000 Page 2 NO.677 P.4/4 If the foregoing correctly sets forth the understanding of the Board of County Commissioners with regard to this deposit, please have this Letter executed by the appropriaxe authority in the space provided below. Very truly yours, /�' Ronald H. Jac bs Acknowledged and agreed to behalf of th Garfield County this Jl day of Septemb- 2000. f County Commissioners of Acknowledged and agreed to on behalf County this, day of September, 2000. INDEMNIFICATION AGREEMENT (County Road 109) THIS AGREEMENT is made and entered into this day of , 1999, by and between ROARING FORK INVESTMENTS, LLC, a Colorado Limited Liability Company ("Owner") and the BOARD OF COUNTY COMMISSIONERS FOR GARFIELD COUNTY, COLORADO ("County"). WHEREAS, Owner is the owner of certain real property located in Garfield County, Colorado ("Rose Ranch PUD"), which property has received from the County planned unit development zoning approval for 292 residential units, a golf course, club house and attendant recreational facilities, which approval is set forth within Resolution No. 98-80, issued by the County and filed for record, in the Office of the Clerk and Recorder for Garfield County, Colorado on September 9, 1998 at Book 1087, Page 862 and Reception No. 531935. WHEREAS, pursuant to Resolution No. 99-067, issued by the County on May 4, 1999, the planned unit development zoning for the Rose Ranch PUD was amended to allow for, inter alia, the provision of additional affordable housing units. A copy of this Resolution was filed for record in the Office of the Clerk and Recorder for Garfield County, Colorado on June 8, 1999, at Book 1133, Page 911 and Reception No. 546856. WHEREAS, under the Resolutions of approval above referenced, Owner is required to provide the County a "[m]ethod by which the owners of the golf course will secure..." the financing for the costs of repairs, should "[i]rrigated golf course holes 11 and 12 immediately above County Road 109 result in a continuation of road damage.", and/or should "[d]ebris flows from the golf cart drainage channel damage the appurtenant County Road 109 golf cart underpass." WHEREAS, Owner and the County have agreed that if adjusted annually for inflation, the total cost of repairs that could be required at any given time for this section of County Road 109 and the golf cart underpass will not exceed the total costs set forth and certified - in 1999 dollars - by High Country Engineering, Inc. in Exhibit A, attached herewith and incorporated herein by this reference. WHEREAS, Owner and the County have agreed that adequate security for the estimated repair costs above set forth will be provided if the is same secured against the golf course properties ("Golf Course Property") contained within the Rose Ranch PUD, said Golf Course County Road 109 Indemnification Agreement Rose Ranch P. U.D. 06 -Aug -99 Page 1 RECEIVED AUG 0 6 1999 GARFIELD COUNTY PLANNING DEPARTMENT 109 8TH ST. - SUITE 303 GLENWOOD SPRINGS, CO 81601 Property being more particularly described in the Final Plat for the Rose Ranch PUD filed on date even herewith, said legal description being incorporated herein by this reference. WHEREAS, Owner and the County desire to set forth the provisions pursuant to which Owner will provide security for the potentially required repairs to County Road 109 above described. NOW, THEREFORE, FOR AND IN CONSIDERATION OF THE PREMISES AND THE FOLLOWING MUTUAL COVENANTS AND AGREEMENTS, THE PARTIES HEREBY AGREE AS FOLLOWS: 1. Term. This Agreement shall be effective immediately upon the commencement of construction of the golf course facilities located upon the Golf Course Property and shall continue thereafter for so long as the golf course activities/operations are conducted upon the Golf Course Property, unless earlier terminated by written mutual agreement of the parties. 2. Reimbursement. Owner shall, subject to the terms and provisions of this Agreement, reimburse to the County all costs and outlays that may be incurred or expended by the County instant to the repair of all damages to County Road 109 proximately caused by the irrigation of the grasses within golf course holes 11 and 12, located within the Golf Course Property adjacent to and west of County Road 109 and/or debris flows from the golf cart drainage channel. 3. Demand for Reimbursement. Within sixty (60) of completion of the County Road 109 repairs for which reimbursement is sought by the County, the County shall provide Owner a written report or invoice outlining the costs incurred and/or expended by the County in completing said repairs together with a demand to be reimbursed for the same. This written report shall contain a certification signed by the County Engineer that the costs set forth therein: a. accurately reflect the costs incurred/expended by the County; and b. relate solely to the repair of damages to County Road 109 caused by or proximately resulting from the irrigation of grasses within golf course holes11 and 12, located within the Golf Course Property adjacent to and west of County Road 109 and/or debris flows from the golf cart drainage channel. 4. Objections to Reimbursement Demand. Within thirty (30) days of its receipt of the Counties written report of costs and demand for reimbursement, Owner may provide written notice to the County of the objections of Owner, if any, to the costs set forth therein. If no objections are made within this time period, Owner shall be deemed to have to have accepted the County Road 109 Indernnification Agreement Rose Ranch P. U.D. 06 -Aug -99 Page 2 County's report and the costs set forth therein. If Owner provides written notice of objections to the District pursuant to this provision, the County shall, within fifteen (15) days of its receipt of the same, establish a date, time and location for a joint meeting of the parties for the purpose of determining the allocation of such costs among the parties. 5. Payment/Default Rate. Owner shall pay to the County all costs accepted by or allocated to Owner pursuant to Paragraph 4, within thirty (30) days of said acceptance or allocation. If not paid within said time period, all amounts owed to the County by Owner under this provision shall bear interest at the rate of % per annum from the due date as established under this provision until the same is paid in full 6. Payment Cap/CPI. The amounts for which Owner shall be liable to the County and for which the County may demand reimbursement under the provisions of this Agreement shall not exceed in total the amount of $ ("Payment Cap"), said Payment Cap to be adjusted on each yearly anniversary of this Agreement to incorporate the annual increase, if any, established under the Denver/Boulder Urban Wage Consumer Price Index. 7. Security. Immediately following the recording of the first Final Plat appurtenant to the Rose Ranch PUD, Owner, for the purpose of securing payment of all amounts owed to County under this Agreement, shall file for record in the Office of the Clerk and Recorder for Garfield County, Colorado, a first Deed of Trust against the Golf Course Property in the amount of the Payment Cap or provide the County, in lieu thereof, such other security instrument(s) as may be acceptable to the County. For the purpose of interpreting the limitations contained at Colo Rev. Stat §38-39-101 (1998) the parties hereby agree that this Agreement shall constitute "original evidence of a debt" and that the filing of the same by the County with Public Trustee for Garfield County, Colorado pursuant to Colo. Rev. Stat. §38-38-101 (1998), shall be sufficient to initiate commencement of public trustee foreclosure proceedings. 8. Remedies. In the event Owner fails to timely make any payment to the County or perform any of the other duties required under this Agreement, Owner shall be deemed to be in breach of this agreement and the County may at its' option: a. bring an action on this Agreement for all amounts owed; and/or b. foreclose the Deed of Trust upon the Golf Course Property, which foreclosure shall constitute and be pursued as, "[a] foreclosure on one or more installments, without acceleration.", as authorized under Colo. Rev. Stat. § 38-38-201 (1998). 9. Remediation. Within (20) days of the occurrence of any event resulting in damages to County Road 109 for which reimbursement may be sought under this Agreement, County Road 109 Indemnification Agreement Rose Ranch P. U.D. 06 -Aug -99 Page 3 Owner shall identify the condition which caused such damage and shall report the same to the County Engineer. Owner shall include within such report a proposal to remediate said condition for the review and approval of the County Engineer unless such damages proximately resulted from a rain event of a magnitude equal to or greater than the 100 year flood. Owner shall complete all required remediation within (30) thirty days of its' receipt of the County Engineer's approval of the same, unless an extension for completion of said remediation is given to Owner by the County. The costs for all required remediation shall until completed constitute a debt owed to the County under this Agreement and shall be secured by the Deed of Trust given to the County under Paragraph 7, above. 10. Dispute Resolution. If the parties are unable to agree upon any matter addressed within this Agreement, each party shall select an engineer to represent its interests. the selected engineers shall then appoint one engineer, who shall provide a determination upon the matter in dispute. In the event this process of settlement fails, the parties agree to resolve such dispute by arbitration in accordance with the rules and regulations of the American Arbitration Association then in effect. The determination of the arbitrator shall be final and conclusive and judgment may be entered upon it in accordance with applicable law in any court having jurisdiction thereof. 11. Attorney Fees. Each party shall bear its own attorneys' fees incurred in the negotiation, execution, and implementation of this Agreement. However, in the event litigation is necessary to enforce the rights of the parties to this Agreement, as between themselves, the prevailing party in such litigation shall be entitled to reasonable attorneys' fees and costs of suit actually incurred 12. Governing Law. The parties hereto understand and agrees that the obligations created by this Agreement are made in the State of Colorado and the provisions hereof will be construed in accordance with the laws of the State of Colorado; and such parties further agree if a breach of this Agreement shall occur hereunder, this Agreement may be enforced in any court of competent jurisdiction in the State of Colorado and they do hereby submit to the jurisdiction of such court regardless of their residence or where this Note or any endorsement hereof may be executed. 13. Covenants. The provisions of this Agreement shall constitute covenants running with the lands affected thereby, and upon execution this Agreement shall be recorded in the records of the Garfield County Clerk and Recorder. 14. Complete Agreement. This Agreement constitutes the entire and complete agreement between the parties, and any modification or amendment hereto shall be evidenced by a writing signed by the parties. County Road 109 Indemnification Agreement Rose Ranch P. U.D. 06 -Aug -99 Page 4 15. Binding Effect. This Agreement shall be binding upon and inure to the benefit of the parties, their heirs, successors, grantees, and assigns. Nothing herein shall prevent Roaring Fork from selling his property and the benefits of this Agreement shall be appurtenant to the property conveyed. 16. Invalidity. Invalidation of any of the provisions of this Agreement or of any article, paragraph, sentence, clause, phrase or work herein, or the application thereof in any given circumstance, shall not affect the validity of the remainder of this Agreement. 17. Authority. Each person executing this Agreement represents and warrants that he has been duly authorized by the party which he purports to represent to execute this Agreement, and has authority to bind said party to the terms and conditions of this Agreement. 18. Waiver. No provision of this Agreement may be waived except by an agreement in writing signed by the waiving party. A waiver of any term or provision shall not be construed as a waiver of any other term or provision. 19. Notice. All notices required under this Agreement shall be in writing and shall be hand delivered or sent by registered or certified mail, return receipt requested, postage prepaid, to the addresses of the parties herein set forth. All notices so given shall be considered effective seventy-two (72) hours after deposit postage paid in the United States Mail with the proper address as set forth below. Either party by notice so given may change the address to which future notices shall be sent. Notice to: With copy to: Notice to: Roaring Fork Investments, LLC Attn: Ron Heggemeier Heggemeier & Stone, P.C. 19556 East Main St., Suite 200 Parker, CO 80134-7374 Timothy A. Thulson, Esq. Balcomb & Green, P.C. P.O. Drawer 790 Glenwood Springs, CO 81602 Garfield County Department of Building and Planning Attn: Mark Bean 109 8th Street, Suite 303 Glenwood Springs, CO 81601 County Road 109 Indemnification Agreement Rose Ranch P. U.D. 06 -Aug -99 Page 5 With copy to: Don K. DeFord County Attorney 109 8th Street, Suite Glenwood Springs, CO 81601 IN WITNESS WHEREOF, the parties have executed this Agreement on the day and year first written above. ATTEST ROARING FORK INVESTMENTS, LLC By Ronald R. Heggemeier, Manager Board of County Commissioners, Garfield County, Colorado Clerk County Road 109 Indemnification Agreement • Rose Ranch P. U.D. 06 -Aug -99 Page 6 EXHIBIT A (Certified Estimated Repair Costs) County Road 109 IndemnViication Agreement Rose Ranch P. U.D. 06 -Aug -99 Page 7 ROSE:RAIVtC11 P. U D.'THASE 1 CR.109,REBUILD F�NGINEERS ESTIMATE OF PROBABLE ',,CONSTRUCTION COST June 17, 1999 ITEM HCE JOB NO: 97042.01 .k:,...tp.w.u,nw,snr, wrco.i..,..ez UNIT UANTITY COST COST ai thworki Demolision of old road Class 3 Sub -Base Class 6 A.B.C. (6") Asphalt iMrscellaneous: ,_.,, Traffic Control - Replace Culverts (24" ADS) 24" CMP Flared Ends 5055 SY 1500 CY 1125 CY 5055 SY 1 LS 90 LF 4 EA $2.00 $18.00 $20.00 $8.00 $2,000.00 $35.00 $250.00 $10,110.00 $27,000.00 $22,500.00 $40,440.00 $2,000.00 $3,150.00 $1,000.00 SUB TOTAL 10% Contieency TOTAL Cost per Lineal Foot 1895 LF $116,820.00 $106,200.00 $10,620,00 $116,820.00 $61.65 • v • ltl1\\\\\\�`� JUL-29-1999 THU 12:14 PM HEGGEMEIER & STONE, P.C. NepworthPawlak Geotech TEL:970-945-8454 H-1ErwoKJH-PAWi AK GMITA:11NICA 1., INC - February 15, 1999 The Rose Ranch Limited Partnership Roaring Fork Investments, LLC, General Partner Attn: Ron Heggemeier 19555 East Main Street Parker, Colorado 80134-7374 FAX NO. 303 841 8073 P. 02 Jul 29 99 10:34 No.009 P.02 Spza 144;1154 Clenwuud Springn, CO 810) tax97094S.rii 4 Plume 970 9*S.7900 Job No. 197 327 Subject: Radiation Potential, Rose Rand Development, County Road 109, Garfield County, Colorado. Dear Mr. HeggcrneIer: As requested by Joe IIope, we have reviewed our previous work performed for the project with respect to radiation potential. The project she is not in a geologic setting that would indicate high concentrations of radioactive minerals in the near surface soils and rock formations. However, there is a potential that radon gas could be present in the arca. It is difficult to detect radon gas in open areas before buildings are constructed. Testing for radon gas levels could he done when the residences and other occupied structures have been completed. New buildings are often designed with provisions for ventilation of lower enclosed areas should post construction testing show unacceptable radon gas concentrations. If you have any questions or require further assistance, please call our office. Sincerely, FIEPWORTH-PAWLAK GEOTECI-INICAL, 1NC. Steven L. Pawlak, Rev. by: RGM SLP/ro cc: High Country .Engineering - Attn: Joe Hope .ere:. STATE OF COLORADO OFFICE OF THE STATE ENGINEER Division of Water Resources Department of Natural Resources 1313 Sherman Street, Room 818 Denver, Colorado 80203 Phone: (303) 866-3581 FAX: (303) 866-3589 http://water.state.co.us/default.htm August 2, 1999 Victoria Giannola Garfield County Building and Planning 109 8th St Ste 303 Glenwood Springs CO 81601 Re: Rose Ranch Final Plat Sec. 35, T6S, R89W & Secs. 1, 2 & 12, T7S, R89W, 6TH PM W. Division 5, W. District 38 Bill Owens Governor Greg E. Welcher Executive Director Hal D. Simpson, P.E. State Engineer Dear Ms. Giannola: Comments for this project were previously made in our letters dated May 15, 1998 and February 4, 1999. For the purposes of these comments, we are assuming that the proposal in identical to that commented on in our February 4, 1999 letter. Per said letter, the proposal is to subdivide a parcel of approximately 534.19 acres into a golf course, community areas and 245 residential lots (on 115.88 acres), which will contain a maximum of 322 living units, including 10 clubhouse apartments at the golf course. The development will include a 222.18 acre golf course with a clubhouse, community facilities and a multi -use irrigated field. Commercial floor space will be limited to 25,000 square feet. A Community Park will consist of 2.14 acres and Common Open Space will encompass 167 acres. Water features such as ponds will be incorporated. The applicant proposes to provide water services via surface diversions through separate raw and potable systems pursuant to irrigation water rights decreed in Case Nos. 96CW319 and an augmentation plan. Sewage will be through a central system by inclusion in the Aspen Glen Water and Sanitation District. An augmentation plan, Case No. 97CW236, was signed on March 22, 1999. Case No. 97CW236 provides augmentation for: 550 EQR's (15 of these EQR's are dedicated to the goif course ciubhouse); 130 acres of goif course irrigation; 58 acres of lawn and garden irrigation; a total of 7 acres of irrigation for parks, playgrounds, garden areas, and a landscaped greenbelt; ponds with a total surface area of 7 acres; and minimal outside uses, during April through October, such as car washing and landscaping equivalent to 6.3 acres of irrigation. Assuming a liberal 0.25 gallons/day/square foot of diversions for commercial use, 21 of the 550 EQR's are adequate for the 25,000 square feet of commercial floor space. This leaves 514 EQR's for the 322 living units and community facilities (i.e., daycare). Also note that the decree limits irrigation of the golf course to only 130 acres of the 222.18 acres noted in the proposal. Similarly, no more than 7 acres of the 167 acres of Common Open Space may be irrigated. RECEIVED AUG 0 9 1999 Rose Ranch Final Plat August 2, 1999 Based on the above, and pursuant to Section 30-28-136(1)(h)(I), it is our opinion that the proposed water supply can be provided without causing material injury to decreed water rights and is adequate so long as the plan for augmentation is operated according to its decreed terms and conditions. If you or the applicant has any questions concerning this matter, please contact Craig Lis of this office for assistance. Sincerely, Kenneth W. Knox Assistant State Engineer Kir"JKiCML;Rose Ranch 3.doc cc: Orlyn Bell, Division Engineer Joe Bergquist, Water Commissioner, District 38 Professional Wetlands Consulting, Inc. WRIGHT WATER ENGINEERS INC. WE � '''� j� DS May 14, 1999 9 1999 Sue Nall U.S. Army Corps of Engineers 402 Rood Avenue, #142 Grand Junction, CO 81501 RE: Rose Ranch - Nationwide Permit #26 Request (#199775261) Dear Sue: On behalf of Roaring Fork Investments, LLC, I am writing to request authorization under Section 404 Nationwide Permit #26 to impact 2,000 square feet of unvegetated ephemeral waters for a total linear distance of 490 feet to construct two road crossings, sediment detention improvements, and portions of a golf cart path at the Rose Ranch. Proposed impacts to jurisdictional waters are unavoidable and will only impact the narrow ephemeral drainage entering the Rose Ranch property from the west. The drainage contains no wetlands vegetation, only carries water during storm events, and is highly eroded. The project applicant has worked extensively to avoid impacts to jurisdictional wetlands and waters of the United States at the Rose Ranch. Impacts to waters were minimized to the maximum extent practicable by the Rose Ranch project, which will consist of a housing community and golf course. Wetlands associated with the Roaring Fork River are totally avoided by site plan design, and an existing heron rookery at the south end of the Rose Ranch will be preserved and protected. Project Location The Rose Ranch is located south of Glenwood Springs in Section 35, Township 6 South, Range 89 West of the 6th P.M. Site latitude is 39° 28' 29" and the longitude is 107° 16' 50". A vicinity map for the project is attached as Figure 1, and a copy of the Rose Ranch surveyed wetlands delineation map is included as Figure 2. The site is approximately 440 acres in size. Project Applicant The property owner and applicant is Roaring Fork Investments, LLC, with a contact being Ronald Heggemeier at 19555 East Main Street, Parker, Colorado 80134, and a telephone number of (303) 841-8072. Impacts to Waters Unavoidable impacts to waters will total 2,000 square feet or 0.05 acres and will result from the following activities: 1) Two road crossings over the drainage channel east of County Road 109 with 150' of impact to waters as shown on the wetlands map included as Figure 2 and detailed on Figure 3 in plan and profile view. RECEIVED MAY 1 9 1999 2 0 Rim Road Boulder, CO 8 0 3 0 2 303/444-1715 • FAX 303/443-6141 2) Culverts and crib structures for sediment detention improvements on the west side of County Road 109 with 140' of impact to waters as shown on Figures 6 and 7. 3) Cart path underpass work beneath County Road 109 with 200' of unavoidable impact to waters as illustrated on Figures 8 and 9. Silt fencing, protective barrier fencing, sediment detention and Best Management Practices will be used during project construction to prevent disturbances to existing jurisdictional wetlands and waters at the Rose Ranch. No temporary fill will be discharged into wetlands or waters as part of the project. Cart path maintenance will include sediment and debris removal, and flash flood warning signs will be placed along the path. In order to access the Rose Ranch property on the west side of County Road 109 and avoid impacts to jurisdictional waters of the United States, a raised wooden boardwalk has been designed along the existing ephemeral drainage channel. Plans for the raised boardwalk cart path are attached as Figures 4 and 5, with Figure 10 providing a detail drawing. No vegetated wetlands are associated with the drainage channel along the cart path alignment. Overall, the planned raised wooden cart path is protective of jurisdictional waters and the boardwalk will not impair the functions and values of the ephemeral drainage channel. Other cart path access and design alternatives that were investigated include: 1) Constructing the path on the hillside above the existing drainage to completely avoid jurisdictional waters, but this alternative is not feasible due to steep grades, slope instability, erosion, and visible impacts that would result from the extensive cut and fill requirements. Plans showing this alternative are attached as Figure 11. 2) Constructing a 10' wide concrete path up the bottom of the ephemeral drainage channel defined as jurisdictional waters, but this alternative is not feasible because impacts to waters would be extensive and the entire ephemeral drainage channel defined as waters would be covered with concrete. 3) Accessing the site from an adjacent property, but this alternative is not feasible due to steep slopes, the lack of potential access routes and land ownership issues. 4) Constructing a raised wooden boardwalk cart path along the existing ephemeral drainage channel that avoids and minimizes impacts to jurisdictional waters. The raised boardwalk path at the Rose Ranch will preserve the main function of the channel, which is water conveyance. This is the preferred and proposed alternative. Proposed impacts to waters are unavoidable and necessary for property access. Wetlands vegetation does not occur within ephemeral drainage channel defined as waters. Impacts to jurisdictional wetlands adjacent to the Roaring Fork River are completely avoided by the Rose Ranch, and impacts to waters at the site are avoided and minimized to the maximum extent practicable. Overall, the Rose Ranch is protective of wetland resources, and the site plan for the project preserves more than 20 -acres of high quality wetlands and an existing heron rookery adjacent to the Roaring Fork River. Please contact me with any questions or if you would like additional information. Sincerely, David Steinmann cc: Ron Heggemeier, Roaring Fork Investments, LLC Joe Hope, High Country Engineering, Inc. Michael Erion, Wright Water Engineers, Inc. GLENWOOD SPRINGS k c sr - • Rose Ranch 3 Leerliel3r *kir" 1•••"' 4- • *4.- , • . /MN: IL. %rooms ts. Li.-'— • -7 • -..1 .., `, , • ' 7 L_ j t ( . , r' . , ...:._ L 'pawl) . . . Pk4c,, 1 tr- '7' ,_. GWRFIELD'-£0 c----' ----,,. --, - --,..7 -.... - MESA CQ \ PMCI-, • ' < C.W Fs' 0.4_10; ••••-••• li• • RIVER \ _ , 6•••••• 1 ( / j --.L...s_.„.2, i X' a ..../efi , ).• -. -.........A: \ t ....,....: ."... -.. V- -.- 1 V . '. ''—‘ et, ..., ---- i. 1 \ , . 4 7 Z.E. , • - ; k . • - '-i-k, ..!„*...!..c" el,•,- .... c, ...;•• lj - - - ,../. .....' U..,. ". ' ' '-:' i..................." \-4 , .A :908) • ; 20. k....' '.- Sc- ....'-- , ...' \ ' r_...7 '-, `•-• .._, `•,, ‘..N.-, -''''.1.7 ''.,k, ...! „.., !,.. RIVER [--„,,......,. Par r , .7--------:.,---... -- sP ,' Wawa. . ...1. ' / I ••• ' Maw. I h mpsor-I- sew 54 ±1//..4 .. 1 ../ -7 . • / / 1• .... - e..4tiFtEin cO 3. \ '. --7- r iiimun co T-. r T(RxRpsonreek_L- au,t Pcsuc LANDS • NATIONAL Creek ,• IR A 3 0. c. FOREST Figure 1. Rose Ranch Vicinity Map. Figure 2. Wetlands Delineation Map for the Rose Ranch. OARING I- OFIK 0045..011S, CAOIELD COW,. CCI.0.00 ROSE /W�4 WETLAhD E0-1Efr MOH COMI1,11 ISCIPM9,112 0C. 0.3 OCCOPYI C1.19",C00 STOOL CO 01,0 01.070J 2.10-0[0. MOM) 11•11-261111 DES. CN rE 6- p 44 4 - STA 14+00 MATCH TO $IEET 20 w nwnl, 9d algae Covat 1ee•s as aL . Ihn.n • w M - aW<ta1M<t 4 31_ :;g= b • • 1,41f.e CAN,. SNAII Wm. Awe.. �.. STA. 27+00 MATCH TO BEET 30 Figure 3. Rooms roar M.ESTYcnIS LCC. DAAAAELD cawTy, caowoo ROBE RANCH P.U.O. ROAD 17 PLAN rid MORI STA 1+0010 STA 77+00 0 59 g _ STA 14400 MATCM 70 SHEET a STA 27400 MATCH TO !MET 30 9 � � n Road Crossing Over Waters - Plan and Profile Detail. NDN OO NNN BO NENN 9�G SO ODOM AWN, CLEM 0 WNW& C.,MI MOON Mia MANN s0-9BNI DES Da. 011 "'c acus Ca. DATE 9-11-01 3M.14HXIMATO4 TO SHEET 3111 —trattr— fi Al . ••••••••.ray. : ; e.,• a f . : 8 i ; US : PA PA ••••••••• 11 i... 111,11, .• / I 1111.11. • PIN 0,1 . I : I i /•. 'lewo. 111,, lig ; AM . + a 7 1 —+ -4. i n1 Ca.. AMPS 1.• PTA . o.o. .......... ..... a oa MU TPo 1 cow . mom j I / ,.... I.. ISM 11,11.38 Z Z r•Ii .0140 V 8 SWIM MOP • t ..... ... .4..... -.. ..... : MA '.+ 11 1. .e. 1 1 • +— i -64 ; N ; i i I $ • ;&.., Paikl 1 I I iqi 112% 1 i 1 ' ii Cr : 11 tg2 I 1 r........ f -i.. : coo swam .... ...- 474 +— y• ) 1 8 + ' 1 : I . t 1 1 I II.• STA .3t_ _ . • ...2,1:. 1 I ! - ... ... . .• ioto so . i + ., 4 1 i 7 0.110 i 11•411 NA • F. 8 li -aft-- WAS! MGM - ;..... z .., 2 ram ...q gilt' 8 • i me maps 8 . , PITFA 111 Figure 4. 4.90^ •: ••••,c .. . • :. -'" • N. :\ •• : ; , :••• .•:• • ••';:/ e•••.:,)•-• . 1 : ' ' • I!' • • h.:141C ........ r IL '71.q ;11 z ; Cart Path Access Plan and Profile West of County Road 109 - Lower Section. BONIN:O INC RR NAV:MOM L. L.:. G COUM1V. COLC.L., - PAWN PUD. CART PAN PLAN mrod PROFILE STA WOO 10 WOO IIPCSEIGG Pc "a"110 CCOPIPPI NOME MPG= MN= CO NMI RUM MK" PUIPX0 DES. -DR DR. 140 0*Tt REVRD1CR 01 OATE •-i1-91/ flacon 41. Roo a --1.1.191-- I! a—° a 41371 !u a 4121.3 41211 1 4-- 411.0 i Figure 5. tog tIY AV STA h STA . 1,4.41* • a, _F F Cart Path Access Plan and Profile West of County Road 109 - Upper Section . 4 y 9WTMG [pqF JN"KS,. R. 1-1-C.cn.wny COUn TV. n. =tow° ROBE RANCH P.U.O. CART PAN PLAN AM PROFIT UP RAVIE ANO ALCM CR ICC II II ..w cournIr cocve.ae4MC aS1*am &Ma CD IMO me)m9.Fiq FRAUD N►us DEL .83. .q. DATE 0.f MSC. DATE 9-11-9a n.Et.nmro d1 1 . 1 !pi { •is — OSL9 x if -s- �.. get _. a set Figure 6. ab`, Grading and Drainage Plan Showing Sediment Detention West of CR 109. '6 r, L a DPW Igglii 46R Dt ROARING IOM ,, GAMErLD GwRn, caoawo RD9E RANCH PUD. L+o�Mn era DIANA PLAN 140111:0010! 0010010.141C. .e ooural AWN, ¢.13000.1110,10111 M0A1 KiOr F11.0701146 -T s DES G. J 11 DR u.Rkt 9. ,�� �Rp1 Myst 8 1• • I •l N is. MATCH TO 9$T 21 : 1 f. • 39 7,7 Figure 7. Grading and Drainage Plan Showing Sediment Detention West of CR 109. I I zo I Icorromco '811 cnACrAi anC MANAGE RAN I INO1N do -woo «oAI 14.-2.111O IE 4-20-99 b A 4 8 8 MOJA LUA «cn S ,Yd 0091. 88 Figure 8. Cart Path Underpass Plan and Profile at County Road 109. AOAADO FOR. 0.1C �� CRAM. C0.MU00 ROW RANCH/ P.UD. CR %IY REOMDM Pd FRONT OF RAYE •e mere •rece ae• spa CO MO mm ►s rwem MN. DES. ATAT I DAR 9d. DA. OH c•. Dnrz 7/n/» fIL La-ir SCREENING GUARDRAIL BOTH SIDES 24' SCREENING 4' MIN 10'x10' CONCRETE BOX CULVERT PER CDOT STANDARD PLAN NO. M-601-1 SCREENING MATERIAL TO BE DETERMINED BY GOLF COURSE ARCHITECT AND APPROVED BY GARFIELD COUNTY ROAD AND BRIDGE COUNTY ROAD 41109 TYPICAL CART UNDERPASS SECTION N.T.S. 4' MIN INVERTED CROWN CART PAT;, •w �.. SCREENING MATERIAL ON WING WALLS AND END OF BOX CULVERT. CONCRETE BOX CULVERT 10'x10' FOR CART UNDERPASS 00 INVERTED CROWN SCREENING MATERIAL ON MNG WALLS AND END OF BOX CULVERT. HIGH COUNTRY ENGINEERING, INC. 923 COOPER AVENUE GLENWOOD SPRINGS, CO 81601 (970) 945-8676 detl Figure 9. PLAN N.T.S. TYPE 3 GUARDRAIL PER CDOT M&S STANDARDS STANDARD PLAN NO. M-606-1 AND OTHERS. ROARING FORK INVESTMENTS GARFIELD COUNTY, CO ROSE RANCH KID. COUNTY ROAD 109 CART UNDERPASS DETAIL DR. EPT DATE 2/8/99 Detail of Cart Path Underpass at County Road 109. N.T.S. DES. CK. FILE NO. 97042.04 SHEET 1 OF 1 Figure 10. Raised Wooden Boardwalk Detail. 8p 1 CART PATH BOARDWALK ROSE RANCH P.U.D. GARFIELD C OUNTY, COLORADO Figure 11. a I m Alternative Cart Path Access Alignment That Was Not Feasible Due to Steep Grades. ROAR00 FORA iSWTSruOirS GARnCLn co., ROBE RAIOi CART PATH FLAN VENN DES uw OR. .ow cK. DAT 2/17/98 o• r�ucwnraowc JOHN A. THULSON EDWARD MULHALL, JR. SCOTT BALCOMB LAWRENCE R. GREEN TIMOTHY A. THULSON LORI J. M. SATTERFIELD EDWARD B. OLSZEWSKI DAVID SANDOVAL DENDY M. HEISEL CHRISTOPHER L. COYLE JEFFERSON J. CHENEY BALCOMB & GREEN, ATTORNEYS AT LAW (FORMERLY DELANEY & BALCOMB, P.C.) RECEIVED OCT 0 1 L99 P.C. P. 0. DRAWER 790 818 COLORADO AVENUE GLENWOOD SPRINGS, COLORADO 81602 Telephone: 970.945.6546 Facsimile: 970.945.8902 October 1, 1999 Victoria Giannola Building and Planning Department 109 8d' Street, 3rd Floor Glenwood Springs, CO 81601 OF COUNSEL: KENNETH BALCOMB Re: Request for Extension of the Filing Date for Filing of the Final Plat/Rose Ranch Planned Unit Development, Phase I Dear Victoria: Pursuant to our discussions, I enclose herewith for filing with the Board, seven (7) copies of the Request by Roaring Fork Investments to Extend the Filing Date for its Final Plat for the Rose Ranch Planned Unit Development, Phase I from December 10, 1999 to March 10, 2000. It is my understanding that this matter has been placed upon the Board's agenda for October 11, 1999. Should you have any questions or concerns regarding any of the above, please feel free to contact me at your convenience. Very truly yours, BALCOMB & GREEN, P. By TAT:kjk Enclosure imot A. Thulson REQUEST FOR EXTENSION FOR RECORDING OF FINAL PLAT - ROSE RANCH PUD, PHASE I 1. On September 13, 1999 the final plat, Subdivision Improvements Agreement and other supporting documents for the Rose Ranch PUD Phase I (hereinafter collectively "Final Plat") were approved and signed by the Board of County Commissioners for Garfield County, Colorado (hereinafter "Board"). Pursuant to Section 5:13 of the Garfield County Subdivision Regulations as amended, the Final Plat is presently being held for filing by the Clerk for the Board pending the posting of adequate security (hereinafter "Letter of Credit") for the construction of public improvements within the Final Plat by the Applicant Roaring Fork Investments, LLC (hereinafter "Roaring Fork"). 2. Pursuant to Section 5:13, Roaring Fork must post the Letter of Credit and file the Final Plat by December 10, 1999, unless such time period is extended in writing by the Board. 3. For the purpose of allowing it time to obtain favorable terms for the required financing of the Final Plat Improvements Roaring Fork would ask the Board to extend the filing date of the Final Plat for another ninety (90) day period extending to March 10, 2000. In addition to the purpose above stated, this extension would allow Roaring Fork to avoid the carrying costs instant to securing construction financing during the non -construction season. For the reasons above stated, Roaring Fork respectfully requests that the Board extend the time period for filing of the Final Plat from December 10,1999 to March 10, 2000. Submitted this day of October, 1999. BALCOMB & GREEN, P.C. By Timothy A. Thulson #19411 Attorneys for Roaring Fork Investments, LLC P.O. Drawer 790 Glenwood Springs, CO 81602 Telephone: (970) 945-6546 Fax No.: (970) 945-8902 EXTENSION OF DATE FOR FILING OF FINAL PLAT FOR THE ROSE RANCH PLANNED UNIT DEVELOPMENT, PHASE I WHEREAS, the Board of County Commissioners of Garfield County, Colorado has received request from Roaring Fork Investments, LLC for an extension of the filing date for the Final Plat for the Rose Ranch Planned Unit Development, Phase I from December 10, 1999 to March 10, 2000. WHEREAS, this extension request is authorized under Section 5:13 of the Garfield County Subdivision Regulations as amended and the granting of this request will facilitate the successful completion of improvements within the Final Plat of the Rose Ranch Planned Unit Development, Phase I. NOW THEREFORE, the Board of County Commissioners of Garfield County, Colorado by this writing hereby authorizes and extends the filing of the Final Plat for the Rose Ranch Planned Unit Development, Phase I from December 10,1999 to March 10, 2000. By Chairman of the Board ATTEST: By Clerk of the Board AIN SECOND REQUEST FOR EXTENSION OF PRELIMINARY PLAN APPROVAL AND THIRD REQUEST FOR EXTENSION OF RECORDING OF FINAL PLAT Roaring Fork Investments, LLC ("RFP"), the Developer of the Rose Ranch P.U.D. hereby requests that the Board of County Commissioners for Garfield County, Colorado ("Board"), pursuant to Sections 4:34 and 5:13 of the Garfield County Subdivision Regulations extend the Preliminary Plan Approval for the Rose Ranch P.U.D. and filing date for the Final Plat of the Rose Ranch P.U.D. Phase 1, to September 11, 2000 in support thereof RFI states as follows: 1. On May 4,1999, the Board approved the Preliminary Plan for the Rose Ranch P.U.D. This approval was incorporated within Board Resolution No. 99-068, recorded in the records of the Clerk and Recorder for Garfield County on June 8, 1999, at Book 1133, Page 922 and Reception No. 546857. Pursuant to action of the Board on February 22, 1999 the expiration of this Preliminary Plan Approval — originally to have occurred on May 4, 2000 — was extended to July 10, 2000. 2. On September 13, 1999, the Final Plat, Subdivision Improvements Agreement and other applicable "final plat" documents were approved by the Board and signed by the Chairman and are presently being held for filing by the Clerk and Recorder for Garfield County, pending the posting of adequate security by RFI for the construction of the public improvements appurtenant to the Rose Ranch P.U.D., Phase 1. Pursuant to approvals by the Board entered on October 18, 1999, and February 22, 2000, the time for the filing of the Final Plat for the Rose Ranch P.U.D., Phase 1 — which was originally to have occurred on December 10, 1999 — was extended to July 10, 2000. 3. Negotiations for the sale of the Rose Ranch P.U.D. to a prospective purchaser/developer of the project have recently revealed several technical underwriting issues appurtenant to this project the resolution of which will extend past the above stated July 10th date. The request for extensions above stated will allow RFI to finalize this sale prior to incurring the cost instant to bonding the public improvements and initiation of construction. For the reasons above stated, RFI respectfully requests that the Board extend the Preliminary Plan Approval for the Rose Ranch P.U.D. and the recording date for the Final Plat of the Rose Ranch P.U.D., Phase 1 to September 11, 2000 or such other date thereafter as may be acceptable to the Board. Submitted this 19th day of June, 2000 ROARING v %.� K I ► ENTS 1 Tim A. " ulson EXTENSION OF PRELIMINARY PLAN AND FILING OF FINAL PLAT FOR THE ROSE RANCH P.U.D., PHASE 1 WHEREAS, on February 22, 2000, this matter came before the Board of County Commissioners for Garfield County, Colorado upon request by Roaring Fork Investments, LLC, ("RFI") the developer of the Rose Ranch P.U.D. for extension of the Preliminary Plan approval and time for filing of Final Plat to July 10, 2000. A copy of RFI's written request under this matter is attached herewith as Exhibit "A." WHEREAS, these extension requests are authorized under Sections 4:34 and 5:13 of the Garfield County Subdivision Regulations and the granting of this request will facilitate the successful completion of improvements within the Rose Ranch P.U.D., Phase 1. NOW, THEREFORE, the Board of County Commissioners for Garfield County, Colorado, by this writing hereby authorizes and extends the Preliminary Plan Approval for the Rose Ranch P.U.D. and date of filing of the Final Plat for the Rose Ranch P.U.D., Phase 1 to July 10, 2000. SIGNED this 20th day of June, 2000 Nunc Pro Tunc February 22, 2000. BOARD OF COUNTY COMMISSIONERS, GARFIELD COUNTY, COLORADO By: Chairman ATTEST: Clerk of the Board Metropolitan District within itsro ectfinancing— p 1 � it the N[etro District is approved by the Board —and to better coordinate the implementation or the same with counn, staff. For the reasons above stated, Roaring Fork respectfully requests that the Board extend the Preliminary Plan Approval For theRoseRanch FUD and the recording date r the Final Plat for the Rose Ranch PUD, Phase I to July 10, 2000 or such other date after Jul 10`h as may be acceptable to the Board. Y Submitted this 11th day of February, 2000. BALCOIV[B & GREEN, P. By tmot y A. Thulson Attorneys for Roaring Fork Investments, LLC P.O. Drawer 790 Glenwood Springs, CO 81602 Telephone: (970) 945-6546 Fax No.: (970) 945-8902 RequEst For Extension of Preliminary Plan ,gpproaal and Second Request tiir Extension Jior Recording of Final Plat 1. i 3. Pursuant t, the time fo. December 1(. 4. Roaring Forkis boundaries of ti public improven same. Roaring recommendation h ?000; it is anticipat sometime in the mon 5. The extension of the Pre as requested herein, Re,,,;u st f<VS ,Src. rur Eti'cnsru,r ,r Prrlirairrar� Pla,r:•Ipnrv, L• est E.crrus;urr fur R u,rdirt,; \e SECOND REQUEST FOR EXTENSION OF PRELIMINARY PLAN APPROVAL AND THIRD REQUEST FOR EXTENSION OF RECORDING OF FINAL PLAT Roaring Fork Investments, LLC ("RFP"), the Developer of the Rose Ranch P.U.D. hereby requests that the Board of County Commissioners for Garfield County, Colorado ("Board"), pursuant to Sections 4:34 and 5:13 of the Garfield County Subdivision Regulations extend the Preliminary Plan Approval for the Rose Ranch P.U.D. and filing date for the Final Plat of the Rose Ranch P.U.D. Phase 1, to September 11, 2000 in support thereof RFI states as follows: 1. On May 4,1999, the Board approved the Preliminary Plan for the Rose Ranch P.U.D. This approval was incorporated within Board Resolution No. 99-068, recorded in the records of the Clerk and Recorder for Garfield County on June 8, 1999, at Book 1133, Page 922 and Reception No. 546857. Pursuant to action of the Board on February 22, 1999 the expiration of this Preliminary Plan Approval — originally to have occurred on May 4, 2000 — was extended to July 10, 2000. 2. On September 13, 1999, the Final Plat, Subdivision Improvements Agreement and other applicable "final plat" documents were approved by the Board and signed by the Chairman and are presently being held for filing by the Clerk and Recorder for Garfield County, pending the posting of adequate security by RFI for the construction of the public improvements appurtenant to the Rose Ranch P.U.D., Phase 1. Pursuant to approvals by the Board entered cn October 18, 1999, and February 22, 2000, the time for the filing of the Final Plat for the Rose Ranch P.U.D., Phase 1 — which was originally to have occurred on December 10, 1999 — was extended to July 10, 2000. 3. Negotiations for the sale of the Rose Ranch P.U.D. to a prospective purchaser/developer of the project have recently revealed several technical underwriting issues appurtenant to this proje'tt the resolution of which will extend past the above stated July 10th date. The request for extensions above stated will allow RFI to finalize this sale prior to incurring the cost instant to bonding the public improvements and initiation of construction. For the reasons above stated, RFI respectfully requests that the Board extend the Preliminary Plan Approval for the Rose Ranch P.U.D. and the recording date for the Final Plat of the Rose Ranch P.U.D., Phase 1 to September 11, 2000 or such other date thereafter as may be acceptable to the Board. Submitted this 19th day of June, 2000. ROARING I►' " ENTS ‚'4., Tim A.. ulson EXTENSION OF PRELIMINARY PLAN AND FILING OF FINAL PLAT FOR THE ROSE RANCH P.U.D., PHASE 1 WHEREAS, on February 22, 2000, this matter came before the Board of County Commissioners for Garfield County, Colorado upon request by Roaring Fork Investments, LLC, ("RFI") the developer of the Rose Ranch P.U.D. for extension of the Preliminary Plan approval and time for filing of Final Plat to July 10, 2000. A copy of RFI's written request under this matter is attached herewith as Exhibit "A." WHEREAS, these extension requests are authorized under Sections 4:34 and 5:13 of the Garfield County Subdivision Regulations and the granting of this request will facilitate the successful completion of improvements within the Rose Ranch P.U.D., Phase 1. NOW, THEREFORE, the Board of County Commissioners for Garfield County, Colorado, by this writing hereby authorizes and extends the Preliminary Plan Approval for the Rose Ranch P.U.D. and date of filing of the Final Plat for the Rose Ranch P.U.D., Phase 1 to July 10, 2000. SIGNED this 20th day of June, 2000 Nunc Pro Tunc February 22, 2000. BOARD OF COUNTY COMMISSIONERS, GARFIELD COUNTY, COLORADO By: ATTEST: Clerk of the Board Chairman REQUEST FOR EXTENSION OF PRELIMINARY PLAN APPROVAL AND SECOND REQUEST FOR EXTENSION FOR RECORDING OF FINAL PLAT Rose Ranch PLD, Phase 1, Roaring Fork Investments, LLC"Roaring Fork"), the Developer of the Rose Ranch PUJ, hereby request the Board of County Commissioners for Garfield County, Colorado ("Board") pursuant to Sections 4:34 and 5:13 of the Garfield County Subdivision Regulations for an extension of the Preliminary Pian Approval and recording; date for Final Plat instant to the Rose Ranch PUD, Phase I. In support thereof Roaring Fork States as follows: 1. On May 4, 1999, the Board approved the Preliminary Plan for the Rose Ranch PUD. This approval was incorporated within Board Resolution No. 99-068 recorded in the records of the Clerk and Recorder or Garfield County on June 8, 1999 at Book 1133, Page � 22 and Reception No. 546857. Under Section 4:34 said approval expires on 4, 2000. 2. On September 13, 1999, the Final Plat, Subdivision Improvements Agreement and other supporting documents for the Rose Ranch PUD, Phase I (hereinafter collectively "Final Plat") were approved by the Board and signed by the Chairman. Pursuant to Section 5:13 of the Garfield County Subdivision Regulations, the Final Plat is presently b being held for filing o by the clerk for the Board pending the posting of adequate security ("Letter of Credit") by Roaring Fork for the construction of the required public improvements. 3. Pursuant to written authorization entered on October 18, 1999, the Board extended the time for filing of the Final Plat — which. or binally was to have occurred by December 10, 1999 — to March 6, 2000. Roaring Fork is presently in the process offorming a !Metropolitan District within the boundaries of the Rose Ranch PUD for the purpose of financing construction of public improvements and providing a responsible entity for management of the same. Roaring Fork's application in this regard received a favorable recommendation from the Garfield County Planning Commission on February 9, 2000; it is anticipated that the Board's hearing on this application will occur sometime in the month of May. 5. The extension of the Preliminary Plan Approval and date for recording of Final Plat as requested herein, will allow Roaring Fork the time •to incorporate the Per;rt•st Ern. E-lte,rsiu,r of Preliminary Plan Approval and Seco,id req;w;; PH. E...1.1CII.5(U,i jor Rccor ii,,' Pistil P! at EXHIBIT A Metropolitan District within its project financing— if the Metro District is approved by the Board —and to better coordinate the implementation or the same with county staff. For the reasons above stated, Roaring Fork respectfully requests that the Board extend the Preliminary Plan Approval for the Rose Ranch PLD and the recording te the Final Plat for the Rose Ranch ?LID, Phase I to July 10, 2000 or such other date after Jul for 10`h as may be acceptable to the Board. y Submitted this 11th day of February, 2000. BALCON•IB & Gj EEN, P By imot y A. Thulson Attorneys for Roaring Fork Investments, LLC P.O. Drawer 790 Glenwood Springs, CO 81602 Telephone: (970) 945-6546 Fax No.: (970) 945-8902 A Request For Extension of Preliminary Plan ,4pproual and Second Request tut- Extension for Recording of Final Plat SECOND EXTENSION OF PRELIMINARY PLAN AND THIRD EXTENSION OF RECORDING OF FINAL PLAT FOR THE ROSE RANCH P.U.D., PHASE 1 WHEREAS, on February 22, 2000, this matter came before the Board of County Commissioners for Garfield County, Colorado upon request by Roaring Fork Investments, LLC, ("RFI") the developer of the Rose Ranch P.U.D. for extension of the Preliminary Plan approval and time for filing of Final Plat to September, 11, 2000. A copy of RFI's written request under this matter is attached herewith as Exhibit "A." WHEREAS, these extension requests are authorized under Sections 4:34 and 5:13 of the Garfield County Subdivision Regulations and the granting of this request will facilitate the successful completion of improvements within the Rose Ranch P.U.D., Phase 1. NOW, THEREFORE, the Board of County Commissioners for Garfield County, Colorado, by this writing hereby authorizes and extends the Preliminary Plan Approval for the Rose Ranch P.U.D. and date of filing of the Final Plat for the Rose Ranch P.U.D., Phase 1 to September 11, 2000. SIGNED this day of , 2000 Nunc Pro Tunc February 22, 2000. ATTEST: Clerk of the Board BOARD OF COUNTY COMMISSIONERS, GARFIELD COUNTY, COLORADO By: chairman REQUEST FOR EXTENSION OF PRELIMINARY PLAN APPROVAL AND SECOND REQUEST FOR EXTENSION FOR RECORDING OF FINAL PLAT Rose Ranch PLD, Phase 1, Roaring Fork Investments, LLC ("Roaring Fork"), the Developer of the Rose Ranch PUD, hereby request the Board of County Commissioners for Garfield County, Colorado ("Board") pursuant to Sections 4:34 and 5:13 of the Garfield County Subdivision Regulations for an extension of the Preliminary Plan Approval and recording date for Final Plat instant to the Rose Ranch PUD, Phase I. In support thereof Roaring Fork States as follows: 1. On May 4,1999, the Board approved the Preliminary Plan for the Rose Ranch PUD. This approval was incorporated within Board Resolution No. 99-068 recorded in the records of the Clerk and Recorder or Garfield County on June 8, 1999 at Book 1133, Page 922 and Reception No. 546857. Under Section 4:34 said approval expires on May 4, 2000. 2. On September 13, 1999, the Final Plat, Subdivision Improvements Agreement and other supporting documents for the Rose Ranch PUD, Phase I (hereinafter collectively "Final Plat") were approved by the Board and signed by the Chairman. Pursuant to Section 5:13 of the Garfield County Subdivision Regulations, the Final Plat is presently being held for filing by the clerk for the Board pending the posting of adequate security ("Letter of Credit") by Roaring Fork for the construction of the required public improvements. 3. Pursuant to written authorization entered on October 18, 1999, the Board extended the time for filing of the Final Plat — which. originally was to have occurred by December 10, 1999 — to March 6, 2000. 4. Roaring Forkis presently in the process of forming a Metropolitan District within the boundaries of the Rose Ranch PUD for the purpose of financing construction of public improvements and providing a responsible entity for management of the same. Roaring Fork's application in this regard received a favorable recommendation from the Garfield County Planning Commission on February 9, 2000; it is anticipated that the Board's hearing on this application will occur. sometime in the month of May. 5. The extension of the Preliminary Plan Approval and date for recording of Final Plat as requested herein, will allow Roaring Fork the time .to incorporate the Request For Extension of Preliminary Plan Approval and Second Rcq:west for jrE.ctensioniRecordirr{ of Final Plat -1- EXHIBIT A Metropolitan District within its project financing - if the Metro District is approved by the Board - and to better coordinate the implementation of the same withcourity staff. For the reasons above stated, Roaring Fork respectfully requests that the Board extend the Preliminary Plan Approval for the Rose Ranch PUD and the recording date for the Final Plat for the Rose Ranch PUD, Phase Ito July 10, 2000 or such other date after July 10th as may be acceptable to the Board. Submitted this 11. h day of February, 2000. BALCOMB & G EEN, P. By imot y A. Thulson Attorneys for Roaring Fork Investments, LLC P.O. Drawer 790 Glenwood Springs, CO 81602 Telephone: (970) 945-6546 Fax No.: (970) 945-8902 Request For Extension of Preliminary Plan Approval and Second Request far Extension for Recording of Final Plat