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Home My WebLink About2012-03-19 (Regular) Meeting Agenda Packet• • • Agenda for lh c Regular Mceling of th e En glewood City Co un ci l Monday, March 19, 2012 7:30 pm EnH lewood Civ 1c Cen1 e, -Coun cil Ch,1m b ers 1000 En r,lewood P,11 kw .1 y Eng lewood, CO 801 10 I. U ll 10 U rd er. 2. lmoc,,1io r,. 4. Roll C.1 11. 5. Co n m ter.ition of Minut es of Prev ious Se ss io:i ,1. Minut es fro m lhe Regul,,r Ci ty Cmrnci! Mcc1in1_1 o f MM ch 5, 20 12. 6 . R<::cogn 111 0 11 o f Sc h ed uled P ubl ic Comment \Th rs rs ,,n o p portunity fo, 11 c p ublic to ,1dd ress Ci ty Cou nc il. Co unci l may ask ques l ions fo r cl ;ui fi ca ti o n, bu t the re wd l no~ b e any di alogu Pll'as e limit yo ur p resc ntJtu)n to five mi nutes) il. Ci 1y Coun ctl will recogni ze 1h e ~•oung peop le who w ere nom1n.1 1cd for 1h is yea r's Ara pahoe Maym s ,m d Commi ssione rs Yo u th Aw.ud ;He A nch ews, an 0 111 srader JI ~nglc,,,Jo d l\\iddlc School • Mar ilyn ·\rroyo, a I 21 ~ grad er J I Colo rado's Hn e s l Ah erndllve H rsh School MJri ,i°h f\au.:1, rt 7'h gr ad er at En t;ltwuud 1Vhddh: Sd1uul • S.1n1.1 n1ha Benn er, J 10th erJder JI loh n r Kennerly Hieh School Brya nt CIMk , ,1 1 th gr,1d er ,1 1 Co lor .i do'~ f-in cs t '\lt c 111 ,11 ivc Hi gh Sc li aol • Ka ylee Cokr.r•Moscley, an H~' gr,1d er al Lng li!woo<l Middle Sch oo l A drian DelaTorre Z ub ia, an 8"' g rader r1 1 rnglcwood M iddle Sch ool Arie~l,t (11 g li ~li. dll 0th g1J d c , JI I 11 el~wo o J M irldle 5c.h ool • To nv F1Prro, a 1211' c r,,rlPr .1 1 \nlnr.1 do '\ l·i nes 1 1\he mati ve I ligh Sc hool • Ty ler H .i s lln gs, an 8th gra der at Eng lewood Mid dle Sc hool l'fe.:.~l' nail If vou h ·\ l' ., l1!,.1 l, l1 1\ .l 1lll ncC'd .1 u,1i1Jr ) .1rch or .-.f'rv1c.P\. !)lc:.i.-.c ,\0 11 1)' 1hc ty o f f11gl rwoo1 I 13 0) 7&2 :!-l05l .tt lea~! •18 1o u,s 111 ;1d v.H1<"e 01 \\hrn \12'1'\LC('~ ,11 1• ll\'l~t11•_d __________ ~ Fngl ev.ood C,t, Council M,enl,1 M;u cl· I ll , 20 12 r agl' 2 • Joel \" He rndon, ,1 n 5d \j ii!de , a 1 at En~dewoo d Midd le~ hoof TiHan ~• lnmr1n , 3 ;'111 gr.1 ::k r ill [nglc\,OO d Middle S:::hool A mbe r Lo n s, ,rn W" grad er al Englt'WOJd M iddle S~h ool Ty I u c as, an 8th c r,,d ('r al l:nclnwnn d M irldlP ~rhnnl Mido ri Mart inez-P a hnl-'r, .i 7'., ~,.iJer .it En~lewuutf M iUcJ 1l' Sd1 uul • Li be rt )• Nelson, an 11 1h grad er al Cv lurndo 's rin ~s 1 r\hemative Hig h Sc h ool Th onus Ro rn c r,J, ,l 11m grader al Co lorado's Fine st Alterna tive H igh Sch ool • Ht:!11 1h er Ryan . ,111 tf1 ' g1,1de r al E11 glcwoc::d v,,d dft Sch o o l • Ke ]s ('y Sd1c-1ffc r, a 7'" gra der nt Fng le\.,oo d M iddle School • Jenn y 50\\t::rs, i1 121 1, gra d~, at C o lo rado's rinest Al l errut ive I li~h ~c h ool • Soph ia V .:1111\\-lk i,1~. ,m 811' g rad e, ,1 1 En gl '"'ood I e ,,d ershi p Academy P;ii !_',P Vi•·lhiu ~ 1 :-'1h erild('r ,11 (ncl PW{)Od Hieh Sd1o u l Cli..i )t' Zrr u.h,k, .i i'h g1,Hll'r ,11 E11glewou :J M iddle School 7. Re cosnn ion o f Unsc hedu led Public Comm en t (Thi ~ i ~ .in o ppo rt una y fo, th e public 10 Jddrcss C it y Co uncil. C o u ncil m,1y .isk qu es ti on s for cl arifi c.i.tion, but there will no t b e c1 ny d i.1l ouuc. r le 11Se limi t y rJlr1 p r e;c11t.1 l ic n to l h1e e minut es . ·1 i111 e fa, u11 ~ch eduled ~t.b li c • t u1111 11 e 111 11 1,1~ b~ li 111 i1 "d to ,;5 r11in u 1e ~, .ind if li1n i te d, ~hJII b e continL ed 10 Gene ra l • 0 SCI ISS iOn ,'. Counci l Respo n se to Publi c Co mment fl . Com ,nunic al ion s, Pro clama t;ons. and Appoi n tn1 en1 s. 9 . Conl>e n t A gt>nd .1 II C"n1 s. a. t\p prc ,\il l o f O rd1n,,n ccs 11n I 1151 l{e,iclu ,g , Coun ci l Bill Nu 13 -RP co mrne 11 d.11i on f,0111 th e Pohce Oc p .i rtm en1 to ,1 cl o p1 .1 111 fo r a·1 o rd 111 ancP ,,p prmin g ,i n ln l er go,ernmenlJI Agr ee m ent en111 led "t"edera l lqwl.ibl~ ~h a 11n g A greem ent ,tnd Cerlifi c,1t1o n" au th o riLin g the ,KC p t,"ln C of fo rfe11ur e m o ni es fr om th e U ep ,,rtm en t o f IL1sticc ;ind th e D epMtm ent o f th e Tre,1su ry. St,1 ff So urce : lcff S,rnch c,, De pu ty Ch ief o f Po lice . Coun c.il Bill No I I.) -RP commPnrl.11 rn n fr nm 1hr PnhrP De p <Htrn e rl 10 ;-idnr,1 ,1 bill for an o rdm ,1ncc authu rr zmg lhe Jµpl 1e ,1ti on for and .iccep1a11 ce of funds from Colo r.1d o Dep~tr l rn e11 t of Tr .m s p o rl ,l11 o n ,i n d N:1 1,o n.1 1 f h ghw;iv Tr.,ffic SJ fc ty A drnini5t r,1 tio n tor p rogr,1m~ r cl ,11 ert l o lr,,fi1c s:1icty e d ucation ,rnd enfo rcemen l 1h ro u gh calendar rea , ~0 1 ). Staff Source: Jd l 5J r1cl 1ez, Dcp U1} Ch i ef o f Pol ice . l'l<>,1s1.' note; If, o u hJ , '-' ,1 d 1s.:i b 1l1 t, ,111.J 11eed ,1 u),,.f.J 11· .11 J !t .J I ~e ,vJCE:S, 11le ,,~e noh t'¥ tlh.• (11)' 0 1 .11 i::le11 oud ()Oli62 2-l 05) at !C,1!:.I -l8 hours m ad ,,1rh.l' :>I ,.,,hen \er\lCl"!t ,lf{.' ncc dl'd • • • • fng lewood O ry Council ,-\gend~ M<\rch 19. 10\l Pagel iii. Co un ci l Bill No. 14 -R:ccommc n dJ tion from 1lic Poli ce Ocp.i rt mcn t to adopt J ::>i ll fo r an o rdin ance au1h ori1ing an int ergo"e-rnm ental a[i ree m ent ac ce pting $~ 18,000 f ro m the South Me tr o Drug Task Force. Staff So ur ce: Jeff Sa nchez, Dcpu ly Chief of Po li ce. b . Appro v.,I of O rdir .. ,nc es on Seco nd Reading . C. .:uu nci! Hill No. 10 -Approvine ,m .1111 e 11 clm e n 1 tn th e C11y o f En ilewoo rl Pn lke Officers Pens io n Pl.rn Doc um ent. i1. Council Bi ll No. 11 -A pproving an ;unendmen t l o th e Ci ty of Enc lewood Fi r f·ghter s Pen sion P,an Doc1.1 m c11 1. iii. Coun cil Bil l No. ·12 -Authoriz ing the applica tio n for , and accep t.:mce oi. J grant from th e ~t,1 t o f Lolo rado to ass ist w ith th e purch as e 0 1 l-i 1gh Ma ins lnfo rmat10 11 S~1stem s' Plws,uCorrr rol l.del'a/...12/ 15 im erfc1<.e ~o fl w,1,t!. Counci l Bill No. 15 -.'\m ending Ti tle 5.J D o f th e [ni;lcwood 1\-\unicip.-,,I Code p er1ain 111g to Me dic al M ar1ju an ;1 Pnmary C1 regive rs. C-ntm cil Rill N n . 16 -.'\m Pn ding Titl fl 7-',D n f th P Fn glPwnnd Munk ip,1I C odi? p erl ain in g l o Mecl ic,1I M;iriJ wma Prim ary Ca regive rs . Resolut io ns ,nd M o ti o ns. Rec omnie ndat1 o n fr om th e D epilrtmt:!n '. o f Park s and Re :rea tio n to approve, by motio n. J com l ructi on con tr ac t fo 1 th e Cen tenni~1I Pa rk Trail Lo op Renovc1 ti ons . Stafi recom mend s a\\'.1rd 1n g lhe conlract lo the lowest acceplable b 1cder, Sta nd.1 rd Concre te, Inc., in th e amo un t of $3 19.304 Staff Source: Dave Lee, Manager of O pe11 Space and Jerrell Bl ac k, Direc lor o f Park s a nd Rccrcalio 11 . 10. Pu b lic H e,1ring It ems. a. r\ Pub lic He,rn ng 10 ga ther mput o n 1l 1e propo~ed sa le of th e Englewood De po l ;mcl 1h~ ,.1 90 i1ue pdr l d u n w liid1 lht:! Oep u t i) luL,lle<.l. 1 1. Ord U\J ll lCS., Re so l ution :, .1 nd 1\.'\0 11011s ,1. App rov,1I u f Urd1m111 ces on I 1rst l<ea Umg . Coun crl Bill N o . 18 -Recom menda tion fr o m th e Ci ty Mana ge r's o ffice to ;1d op t .1 b ill b r ,,n o rdinam:c for th e st1 1c o f 1he (nglewood D ep o t to l.,1 11.u Pr o p erly Services. I.LC fo r the pur cha se pri ce o f $50,000. Staff Sou rce: Mi chae l Flah e rt y, Deputy Cil y Manager . 'h:.:i sc note; lh ou h,,vc ,1 d1~.1 b1hl\ ,11 \d'm .. ·c d .w .. 11.11~ :11d~ 01 ~e 1•.1cc s, ple.1se not1 1~• lhe Gtr o f [n l;lewool ,303-'62,21105) :1 1 le,1st 48 ho111> m ,1 fv,mce o ( whc11 servi rcs a,C' needed l ngle " ood Ci t; Counul Age m.fa \•lard• 19, 20 12 P,1ge •I IJ . App mv2I of O rrl in,1nc es on Seco nd Re,1d i ng c. Kcso lu l io n s and Mo1 1on s "-ccornm end dt io11 fro m the So ut h Or oadwav En~lcwood Ru~irw ss !r 10ro\'e rn en 1 Dis tr ict lo ad o pt a reso lu liun approving an upda ted sla te of th e Boar d of Direclo rs f:-,r lh P So uth Bro adway lrnprnvf'm en l Oi ~lnr! St;iff Sn urcP : Darre n Holling sworth , Eco nnmi f O c\'l'lnpmenl Cmmlina to r. Recommc nd Jtr on from th e OcpJrl men t o r P.,rks Jn d Rec rc.•J t ion 10 .1pp rovc, by mo ti o n, J Pro fcssronal Service; A~reem c nl to r-.1.11o r Em ,ro nm c nt ,11 Servic e s, Inc. fo r 1he c m iro n m en t,11 rem edi al ir,;n rnd dc m ol1 1io n o f tb~ :o,m e1 Dun(M 1 School bui kli 11~ i,1 II 11.:: ,1111 uui 1t u r S66,9C2 . Sl11ff Soua.~: Do,vc l ee, M.tn;,i;cr o f Open Sp ~1cc and O,iv c H<.>n dc rson, Capi 1al Pro je cts ,\dministra tor. 12 . G2n ~r.1I D isn issi o n. il . •l.1yor's C hoice. I 3. 1 :1, City A t1 o rn ey·:; Repor t. 15. AdJournrn ent. l'le <1 sc note : If you h,l \ e ,1 d1sa b 1l1I) dnJ need J U'(!l ,u , .11115 or <('1\ltl'S, please nolii) 1hc City of EnJ!l{•wo oll ()0.1 762 :!-li)5) .1 1 k•,1s1 48 'lours in u h a 11r c )f \\h im H'I\JCC:5 <1 rc ne r tlt?J • • • PLEASE PRINT NAME PUBLIC COMMENT ROSTER AGENDA ITEM 7 UNSCHEDULED VISITORS DATE : March 19 , 2012 UNSCHEDULED VISITORS MAY SPEAK FOR A MAXIMUM OF THREE MINUTES ADDRESS TOPIC • • • COU N C IL COMMUNICATION Dal e: Agenda Item: Subj e ct : M arch 19, 20 1 2 Y a i I.G.A. re: Fede ra l Eq ui tab l e Shar ing A grcc111e 11l dml C t!1 tillli1 lio11 Init ial e d By : I Staff Source: Po lice D eparl m en t Jeff s.,nc h ez, Depu ty Chi ef o f Po l ice COUNCIi C.OAL ANO PRFV IQUS CO UNCIL ACT ION I he Fede ral l:qu1tab le ~ha ring 1-'rogram al lo ws us to rece ive fu nds lr om the f ederal gove rnrn ent on a year ly bas is. Our participa l ion in th is pr ograrn contribu tes to the C tt y'· c;oals of .i safe, cl e an , heal th y, and attracti ve Ci ty and a pr ogr ess ive City that pro vid es res ponsive and co st effi cie nt serv ices. RECOMMENDED ACT IO N 11w Po lic e D epartm ent is reco mm end ing that Cit y Co unci l ado pt a Bil! fo r an O rdinance at1 thoriz ing an lntc rso vcrnni cnt al Agreem ent all owin g 1hc [nglewuud Policr> Dep,1 rt rn e nt to acce pt fo rfeitur e m o nies fro m th e D epartm ent of Justi ce and l he D eparIm e111 of 1h e Tr easury by comp leti ng the Federa l "Equ ity Sharing Agreem enl and Cert ifica ti o n" fo rrn . Thi s reques l is for fi scil l yea rs 20 I 0, 20 I I , 20 1 2, and 20 13 . BACKGROUND , ANA LY SIS, AND ALTERNATIVES IDENTIFIED Th~ E11gl11wu1..:d Puli t.~ D eµctr tr nent pt:!riudi ca ll y rt!ce ives Fed er rt l forfe itur e mon ies fr on-, the Jus tice and Treas ury D e pa rtm ent s fo r o ur part icipa ti on or assis tance pr ovi d ed to th ese ag enc ies such as th e Inte rn al Reven u e Serv ice (IRS), Drug Enforcern enl Agency (DEA) and Federa l Burea u of ln ves ti gaI i o n (FBI ). These iund s are us ed for law-e nfor ce ment purp oses , such as equipment pu rchases and lrainmr . As part of our p;irtir irrt rin n, \ P ;irP rPq uired w sie n a Federal Equi tab le Sh.i rin e Agree ment and Cerlifi ca tion whi ch se ts for th th e req uir ements fo r pa rti ci pa lion i n lh e Fede ra l Equ itabl e Shari ng Program and the res lriclio ns upon t he use of 1edera ll y forfeil ed cas h, p rop er ty, procee ds, an d an y i nteres l earn ed 1h e reo n, w h ich are equilably sh ar ed w ith pa rtici pa ting law enfo rcem ent ageno~s, in c ludi ng th e Englewood Police D ep.1 rtmenl. The City of En glewoo d's Finan ce D epa rt ment places this 1110ney into desi gnated acco unt s and tracks depos its, ex pend iIures, and in teres t on th ese accoun ts. U pon yea r-e nd , the Chi ef of Police and Mayor sign th e Equilabl e Sha ri ng Ag reemen1 and Ce111fio tion, w hi ch Is 1h e n subrn i 11 ed to 1he Federn l G ove rnm ent ce rti fy ing compliance w i th fe dera l forfe iwre guidelin es. Thi s mu st be do ne w ithi n 60 da ys of th e e nd o f 1h e City':, fi~L,il y~c1 •. FIN ANCIAL IM PAcr Fed Pr;,I forf eitur e fun ds rtrP rl Ppnc;if Prl int o th P PnlirP r>n nnr '.:; Fu nd ~nrl .i re ui;;e d to pay fnr pol ice-r elated equipm ent and tra ining \Vhi ch \V uld o therwi se requir e Ci ly fund11 1g. For inst ance, one ul the fu nd ed proje cts pay s tor the assig nm en l o l one o f l:ngl ewood 's Poli ce O l l icers 10 1he Sou th M etr o Drug Ta sk Fo rce . On o r ab0t1t Jun e 1,2 01 l , th e Englewoo d Po lic e Offic Pr b eg,:u, hi s ass ign mer 1I at the Sou th •Ae tro Dru g Tas k Fo rce . U ST OF ATTA C HMENTS Bill for an ordinan ce • • • ORDrNAN CE NO . SERI ES OF 201 2 BY AUT HORIT Y COUNC IL BILL NO. 13 INTRODU CED BY COU NC IL MEMBER ___ _ A DILL r o R AN ORD INAN C E AUT HORJZ lNG A.N INT ERG O VERNMENTAL AGREEMENT EN TrrL,:D "'FEDERA L EQUl T ABLE SHARING AGREEMENT AND CER '!'IF IC,\TION" BETWEEN T II E UN ITED STA TES DEPART MENT OF JUST ICE. UN ITED STATES DE PARTMENT OF TREA SUR Y AND T HE CITY 01' ENGLEWOOD, CO LORADO Al'CEPT l:s!G FORFE ITU KE MONIES . \VHE REAS, lli !S Agn:1.:1111.!111 sd ~ funh th e 1ClJ U11 c 11u.::1 ll ~ fu r p :-1 11ic ipa 1i0u i n the fcd c1al eq uit able sharing pro gram and the r<stricti ons upon the use of th e federal ly fo rfei ted c ash, pro pert y. proceeds and an y i11tc rcs1 en mcd therc cm, wh ich :lrc equ itab ly shared wi th pan ic ipa t111g klw enforcement :lgcnc 1es; :ind \VH ERE/\S, E11g\ewood per io d1 c:i ll y receives 1nonies fro m t he Jus1icc Dcpan mc nt and T reasury De p nrtment fo r p:ctrti c ip::i1 ion o r ass 1c.1:mce providi.:~d to these ,igen~ics <:nch ,1.s ms , OEA and th! FBI; and WHEREAS. one o f these federa l group s is the Sou th Me tro Dru g Ta sk Fo rce. which 111 exch ange for the Englewood Po li ce Department 's co mm it me nt o f one offi cer to th e Sou th Metro Drug Task Po ree for a 2 yc.ir period . re ceived lhc fund s in th e amount o f S218,000. these fond s were 10 o f'.s el the Englew ood Po lice Department's cost or the o fli ccr·s snl:iry ; and \VHEREA S. to parti c1pmc in the pro f.ram . the Cit y ,:mn uall y s igns the Eq uitable S hari ng A:•rceme n: and Cert ifi ca ti on which in tum is submitted to the federa l govcnune!'t ce nifymg L ,_ 1plian c~ wi th fede ral forfeiture guidelines; and \V H ER AS , aut horiza tion of thi s Abirc cm ent 1s requ ir ed for the Ci1 y of Englewoo d 's co ntinuation of pa11i cipa1ion in the United States Depan111 e11 1 o f Jus1ic e Federa l Eq uirnble Sh::iri ng and Cc rtifica1 io n and wi ll au lho~z c the Cit y's part icipa 1i on in this progr::un fo r 20 I 0. 201 I , 20 12 a nd 2013 . NOW, TH.EREFORE , BE IT ORDAINED BY T HE CIT Y COUNC IL OF TH E CIT Y O F E\/GLEWOOD , C LORA DO , AS FO LLOWS : Section I . The City Coun cil of the City of Englewood , Co lora do hereby au thorize s the "f cclc ra l Equi ta bl e Sharing Agree ment and Ccrt ifi cmi o n" b .. wee n the Unh ed States Departme nt o f J ust ice, United St:i tes Depanmcm ofTn:a.;u ry and the C i1y o f Eng lewood. Co lora do pert:tmin g to the di sbursement. with res1ric:ions, of federa ll y se ized or fo rfe it ed cas h v 1 oth er pr opcn y for 2010, ana ched her e10 as "fah,b.• ·A ... Sc ti o p 2. The Cit y Cou m:11 o f 1hc Cit ) of En glewoo d , Colo rado hcrcb)· autho nles the "l·cdcra l Equnablc Sharin g Ag reement nn d Cc nifi ca11on " bc1wcc n th e L"nncd S1mt~s Dc..,anmcnt of Ju s11cc , Uruted States Depanmcm of Trea sury and the C11 y of En;:lewood. Co lorad o pcrrni11111 g 10 the cli shursemcnt. w ith re s tr ic tion s, o f dcr ,1!1y ~eiz ~cl or fo rfeited cash or other propert y for 20 11. a:IJched hcr~10 :lS .. Exhib it B". Sec tion J. Tire Cit y Counc rl of lhc C11 y of En~lcwo od, Co lora do hereb y au 1hori ,es tile "f-edera l Equita hlc Slrarill ~ Aµr<erncnt and Cc r11licati on'" bc 1wcc n th e United States Dcp a11m cnt of .hrstrcr. I lni1 ce11 y fr1 1 20 12. \\h ic h will he 1cccived 111 l"ch nrn r)' 20 13. Sectr on q _ ·1 he Ci t;· Cou ncil of 1hc C11y of En glewood, Colorado l:ereby au1 hon zes 1he "f-c:dern l l·.qu 11nh le Sha ri ng Agree ment nnd Ccrti tication" betwee n 1hc United States Ocpnn mcnt o f Ju stic e, lj ru1ed S rn1 es Dep:irtmelll o f Trc:n ury :rn d th e City o . Eng lewood. Co lorado pcn ain1ng to ihc d isbursement. with re stric ti on s. o f fcdc r:1l ly s.:11.cd o r forfei ted ca sh or ot he r pro pen y fot 2013 , wh ich will he rece ived 1n Feb ru ary 20 14. Secti on 5. The f..:d eral fo rfe itu re fu nd :i . procceJ s .i nd or pr(l pert y arc rct.:C i\'cd fiom the Dc parlm cnt o r Ju sti ce and Trc:-i s ury Dcpan111c n1. 111c fe clc r:i\ fo rfeitu re fund s. proceed s and o r propert y arc h) he used in ac co rd:rn c.; wi1 h frdcrnl stmu1 cs and gl ii ddmcs . Th e co:-i cs 10t h..: 11 y nr c l111utcd 10 the costs o f pro ccs;111g and accou111111 g of the fu nd s, whi ch co s1s arc budgc1cd annually in 1hc Po lr ce and Frrc budgels • Sec:ti Pn 6 . Tht it y Manager ts hereby ~m 1h0 rizi:d to s1 g11 s:1id lnh:rgO\c mmcn tal Agreement between th e Unit c-d Slates Dcp,utmcm of Ju s1ic c ;?n<l the Cit y of Eng lewood. Co lo rad o pcn ,u rnng • 10 the di s bu rscrncnl , wi1h rc st ri c1ion s, o f fed era lly sei zed or fo rfeited cash or other propert y. o n bchalf"o t lh c Ci1y o f Eng lewood for 2010 . Scc 1i 0n 7, The C i1y Manager is hcr zby nut honud to s ign s:ii d lmcrgo \'c mmcntal Agrcemt.·nl bct\~c cn 1h c U111 11.:d S rnt ~s Dcp:i nmcn1 f Jus11 c and the C11 y of Englewood. Co lo r:.id o pcnm nin g 10 1ltc di sbursemen t. wi th rcs 1ric1io ns, o f federal ly se ized or fo rfei ted cash or 01her pro pen y, on be half o l lh c C,•y o f Englewood for 20 I I. Sect io n S . The <:i 1y M an ag,.:r is hereby 3ulh o nzt:d t c, si gn said Lmergo\'crnmcnta l A,;rce mcnt betwee n th e Urnt cd S1:11 cs Dcpa nmcnl o f Ju sti ce and th e C11 y of Engle wood . Co lorado pcrtmmng to 1hc di sbur:i ement . with restrict1on s , o f fedr:r :1ll y sci l t:d or for fe11eu c.i sh or ot her pwpen y, 0 11 behalf o f 1hc Cll) o f Englew ood wr 10 12. Scc1ion O. The Ci ty tv1:ln:igi1 r 1s hereby :nnh o n zcd 10 s ign said lnttrt_'.ovemmental Agreement bc lw cen t he U111 tcd Sta tes Depa rtm ent o f Jus11 cc and th e C11 y of Englewood , Co lorado pcrtn inin ~ to 1hc di s bursement . \.,,ith ,cstricti ons, of fcd.:ra ll y ~e i1.ctJ or fo rfcill'd ~u:;h o r ot her propc n y. o n bc lrn lf of 1hc Cr ly o f Englewood 10 1 20 i 3. ln1 ro d uccd , rea d in foll , and p:u;s ctl 0 11 fir c.i rc ad 111 u on th ~ 19th da y o f March, 20 12 Pub li shed by Title as a Bill for ;111 Ordin ance m the Cuy's offi c ial new spa per 011 tht! 23"1 day uf Murch, 20 12. 2 • • • • J'ubh shcd as a 1h11 fo r an Ordin ance on th e C ity's ffici ol we bsite bcgi nntn s on th e 2 1st day ,,f March. 20 12 r~r tl uny (JO) Jays . Randy P. Penn, Mayo r Kerry Bu sh. Deputy Ci ty Clerk I, K t:rf) nu ~h, l'k p111 y r ,1y ( 'll_'rk nl' llw ('i1y nf Ent!,lcw nn d, C \ilor:ui n, ltt·rehy <·cn if:,, 1trn· tht• ahovi: and fo rcgomg is :i 1ruc co py of a Bill fo ~ an Ordin ance, int rod uc ed, read 111 full, and 1>:1ss cd on fi rst reading on the 19t h day of M :irc h. 20 12. Ke,ry Du sh • • • Equitable Sharing Agreement and Certification (!) Police Department O Sheriffs Office O Task Force (Complete Tl,l ble A, pa9e 2) 0 Prosecutor's Office O Oth er (specify) Ag e ncy Name: Englewo od Police Department NCIC/ORI /Tracking Number:@ Q_J. 0 I O I 3 I O 11 I O I O ; Street llddress: 36 15 S Elot t St ----------------------------City: Englewood ____________ Statc : _c_o __ Zip: _so_1_1_0 ___ _ Contact: Ti tle: Chief Firs~ Thomas Las t: Voo.deroee ------ Contact : Phone: 303 -7 62-2466 E-mail: tv:md erm ec@e nglc woo dgov.o rg D s,m, 81 Preparer: First: _Ka_tl~1y _________ Last : Cassai Conraet Pre parer: ?hone: 303-762 -24! I E-mail: kcossai@eng lewoodgov.orr, Last Fis cal Year End: 12131/2010 Agency Current Fls cal Year Budget: $10,667,026 .00 Q New P'l!l rtldp11nt: Rt.:ad the Equl:llble Sharing Agr!ement (page 4) ~n d 5lgn the Affi d avit (page 5) Q Ex lning Partici pa.nt: Complete th~ An nual Certlflcatlon Report, ree d the Equltbbl:: Sha ring ,\greernc!nt (p119e 4), ,md sign the Affid avit (page 5J @ Amended Porm: Revise tho Annual Cenlfi::atlon Repon, raad tne Equ ita ble Sha rin g Agreeme nt (page<), and sig n the Affl da v~ (pag e 51. Annual Certification Report 5umm,ny of EQultable Sharing Act iv ity 1 B!!gl nnlng Equlrable Sharing Fund Baklnce (mus: match l:ndlng Eq uitable Sharing Funo Oo lancc from prior FY) 1 Federa l )harm g Fu nds Received J Federal Sharmg Flmd~ ne c.e,ved from Othe r Law f.nfo 1cem nn1 Age nci es an d Ti!sk Forces {com plete Tab\~ 0~ cage 2) • Oth!!r lr1C \"Jm e ' 5 lnrerest In come Ac.c ru ed Non-tm erest Oearlnq V lntcl(:st 8cn rin1@ b I Ot i.!I Eq ui lAUI:.: Sharing rund ~ {tot~il of 1:ne'i , • 5) 7 Federal Sh ar ing Funds Spe nt (lOtal uf li ne~ a -m below) 8 E.ndin; Ba lance (difference ber11een lln e 7 and lln~ 6) 1 Justi-:.c Ag,n~les are : ~!!I. 0~ ATf, USP IS , USDA, DC!S, OSS, 1111d rOA.. 2 ireasu ry /1,gencies art. IRS , ICE. COP , U$SS, and us:G Page 1 of 5 Justice Funds 1 $)0,611.52 SO .DO SO.OD $9,68 SJ 0,651.20 $0.00 $10 ,651.20 Trt'a sury Funds 1 I SO.OD ·- $50,363 26 $0 .00 $38.71 $50,421.97 SO .DO $50,',21.97 De cember 2010 V1r1 to:1n' .. 9 . Summa ry of Shitrad Moni os Sp e nt Justice Funds Trcasur~• Funds ' l i.JtD I sµe n!" on sftl arles fo r new, t cmpornry, r:ot-to ex cee d one yc 3r e mp loyee) llc fc r to !i VIII .A.2.a.? of t h~ JtJs tlcc Guide snoo $0.0) b T.lt.5 1 spe nt on ove rt ime 10.0 0 $0.0J C 'f:,~I spent on ln(orm<1 nts, ·bu>• mane// and rtwuc..h SO.OD $0.00 -·----- d Tot .i i :;;.i cnt on travd a nd Wilnina SO .DO $0.00 • T::>tal spent on comm un icatio ns and co mpute rs SO .OD $0.00 f iota! spe nt o n weapo ns and protecllv:! gear SO.OD S0.00 g Total spent on eh.!ctro ni: survc ll ln n .:.c e:qu!pm t:n t >0.00 so .on h Tota l spe nt on buil di ngs and imp rovements $0.00 $0 .0 0 ; Total transfe:s to other nate and lo:.al law enforcement ade:-i cles ic.omp lete Table C, pngo 2) J Total scen t on othe r law e nfo rcement expenses (co r,,olere Table D. page 3) I k ·1 otal Expend itures In Su pp:>11 of Com mu ni ty-based Prodram1 lco n plct e Table E. page 3) I Tot nl V/ln:ifall TrnM fc rs to Ot her Gov ernment Agenc ies (com plete Table F, piJg e 3) I m Total soent on ma rch ing gra nt s (c ompl ete Tobie G, pag e 3) I n 'Totial SO.OD $0.00·1 0 Old your ag en cy rl"ce iv'!' non •rl'!sh assl!!B' Q Yf!!s @No If ye s, compl!:.e Til bl!: H, pi,ge 3. Please fill out the follow ing tables, tt applicable. Table A: Membe rs ofT1ukForec Agency Name rJCl~/C;, .,1,,,.ckmy Numh•• r 1 1 0 1 ·.....-.-1 m- T1:1hle 8: Equituble Shu ring funds Re ce iv e d from other Agencies Total t h~ 1imou n~ trans ferred to each agen cy or, sepa ra te Imes Transferring Agency Name, City , and Stata ,'\gcncy l~a me· ~---;=:;::::;:=;=~=;:=;::=;=:;=~-----'II NCIC/OPJ/Tra cking Nur,,ber: m7 frible C: Equitriblc Sharing Funds Tr ansfc-,re d t o·Other Agencie s To ta l the !,mount trunsfe rred to ea ch c1gcncyons~para te li nes Ju >t ice Fund~ Tn:~ils u ry Funds Rec!iving A ge11C)I Name, Ci t y, .ind State Justku Fu1 n.b Trci'!isury hmds L:_:_:CJ_ncy_o_,~_~_:_:~i_n-g~_N-_u-m~b~c~r.~l::~:~::~:~::~::~:;::::~~~~~~~-=i-1~□=~ _ r II Oe ccrnb~r 2J 10 Vmt:t'll.1 • • • • • • Tob lr:, 0 : OlherL.t w Enforcement t:xpense:, Doscrlptlon o~••• Justice Funds I[ Tnb lc E: £xptmditur@.1. Ir, Suppon of Communi ty~bus:ed Program ~ Refer to§ VIIJ.A. l.m and Appendi x C of the Jurll ce Guide Recipi e~----==~=====~--~-~---irFJ=u~sl=ic=•=F=u=•d=•==-, I- Tub le F: Wlndfall Tr.1nsfors to Othe r Govcmmcnt AgcnciH Refer to§ VU!.A.1.n of theJusflcc Guide ond pp . 25 -26 of t h~ Traas u,y Guld~ Recipien t Ju~tl cc Fund.s Treasury Funds _I I _I Tnblc G: Matching Gra nts RMc r ro § VIII.A .1.h of thc JustJce Gulde and p. 22 of the Treasury Gulde Matchi nyGran';Name Justic e Funds Tr e;:isury Funds Taole H: Other Non-Cash Assets Received Source Descripti on of Asset I Just lc eQi Trea,ury 0 Tab le I: Civ il Right s CaJ~s Nam e of CiJSO IIL II Type o f Disctiminalion Allcgod D Roce OCulor D N11t;onal /D G d Or l:1 ln en er ,_, D D~abil ity D Age O0ther fuerwork Re du ct ion Act N otice Undor the Paperwo rk Rcd u::ti on Ac:, a pcro on i, uot req ui red to re,pond too co llectio n of i.uforn:atio n unle ss It dli;pl ays a valid 0MB co ntrol numbor. We try to cre ate acc urate and easily un ders too d for ms that unpose the least pomble burden on you to com pl<le. The cstill)a ted avera ge time to comp le te this for m is 30 minutes, If yo u have comments regarc.ing th e a::curacy of this esfiIDale, or sugge stio ns for maki ng thl s form simpler, please write to the Assc , Forfeit ure and Mouey Lau nd ering Secti on, Program Management and Strategic Plannlng Uni t, 1400 New Yurt Ave nue, N.W., Seco ud Floor, Washin~on, D': 20005 . ] Pagel o:5 Oecernb ~·20 10 Vt,rlOl'I t!J Equitable Shar ing Agreement This Fe deral Equllab le Sharing Agreem en~ entered Into am ong (1) rlie Federal Govern m ent , (2) the ab ov e-mtcd law enfo rcement agen cy ('A gen r y"), and (3) the governing body, srn for th the req ui re rn ents for part ici pation in the fede ra l equllabl e sh arin g pr ogram and th e rest ri ctions upon the use of federa lly f:Jrfelt e d cas h, pro perty, proceeds, dll d an :--lnte ·esl c:im cd thc rcon1 which □r~ equi ta bly shar2d with p;irt idp.1t in g lr1w enfor ce mr n· ;i !J r ncies . By Its slgna ture.!i , the Agen cy ngr~es that It wlll be bound by the stat utes and guid!:?H nes tha t reg ula te shared assets ;m d lhe fo ll owing re qulrenic nt> for oartlcl patlor. In th e federal equit able s,orlng progra m. Receipt of the signe d Eq uitab le Shartng Agreem ent and Certi fic ation (this "Doc ume nt1 Is a prcreoulslre to re ceiv ing a ny eq ui tab ly sha red cash, p ro perty, or proceeds. 1 Su hm iss lon . Th is Docu ment mus t b e submi tted to aca .sub mit(l)usd~J.gov VJ /t hin 60 da ys of th e er,d ot the Agency's 1/sca l yea r. Th is Do cumert mus t be submitted elcc:ro n/call y with th e Affidavit/Signat ure pag e(page 5) submitte d by fo x. Th is wlll co nsti tute su bmissio n to the' De partnent of Justice and th e Depa rtmen t of Treasury. 2. Sig nator it.?s. Thi s agree ment mus t be si gn ed by the head of the Agcm cy ai nd t~e head of the govern ing body. Exa mpl es of Agency head s include poli ce ct,lef, sh~rlff, dir ecto r, co mmissi oner , supe rintend ent, admln ls trato r, chn irp erso n, s~cre ta ry, cil y attorney, co unty anorney, d!s tli ct att am!!y, prose cut ing at1orn ey, state ott orn ey, co mmonwoa lt.'i iltt orney1 and attorne y genera l. rne gcve mlng body 's hea d Is the pe rson wlrJ allocates funds or approves the ~,ud get forth• Agen cy. Ex amp les or governi ng body hea ds incl ude CIT)! manag er, mo )•or, cit)' council cha irpers on, c.:011 nty execu tive, cou nt y cou ncil chai rperson, direc tor, s~c reta ry, ndmlnis trato r, comm 1ssio nc r, and governor. 3. Uses, Any !;hared ass et shall be US ':!d for \awenfnrcempnt purposes ln acmr dance w it h the sta tu tes an d gui deli ne s that go ve·11 the fe deral Eq ulto ble Shllrl ng Progra m a; set forth 1n the curr ent edi ti on of t he ()epanme nt of Just ice's Gulde ro Eq uita ble Sharfr,g far Swt e and local Laiv[nforwr.cn t (Ju,tlcc Guide), ar.d the De?artment of the Treasury'; • Gulde' ro E~Ultable Sh aring fo r Foreign Cow111i t:5 an d ft:dera!, Sta r~, and Local law Enforce m ent Agencies (Treasury Gulde). • 4. Trc1 nsfcrs . Befor~ th e Agen cy t ransfers cash. pro perty, or procee ds to oth er sta t!! or lo cal la w enfor cern ent ag en cie s, It must Orst ve rify with the Dep artm en t of Justic e or the Department of Treasury, dependin g on the source of the fun d,, t hat the re ce iving agency is a federa l Eou itable Sh,riag Program partk ipa nt anc: has a current Eq i.:ltab le Shan n!) A~r{'e me nt and Cer rlfi cat lon on me . 5. lnte rn el Contro b . Th~ Agen:y ogre!!s: to account sepa ra :el~, for federal eqult.ab le sh;1rbg funds rece ived from the Dep anmtnt o r Justlc.~ ar.d the De partment of the Treas ury. Fu:i ds from st ate and loca l forfeitur es and oth er sources must not be co mmi,gled with fe deral equita bl e ,harh,g fu nd,. The /. ency shall estab lis h a separat e rev enu e acco un t or acc ounting code fo r state, loca l, Depar tm ent of Justic e, "i Depar011en t or t he Treasury Forfe itur e fund s. lnt~res:t lncc:i 1ie gcnc;ated mu~be ac co unt ed tor In th~ ap pro::1r iare federal forfei ture fun d ;,c cJun t The Agency agrees tha t su ch acco untin g will bt ,JCCt to th e ;1a 1da rd accounting re quirerne nLS and practi ces emp!o ~ed for other pu bli c m _,nl~s as .s up plemented by re:;u lr emcnts set fo rt h In the current edition of the Justice Guirle •md th e Tr easury Guide, in cluding tl1 ~ rt!qu lrema nt In 6 e Ju ;ticeGuiCe to rn alnt~i n re leva nt docurne;,ts und ,ccord} for five yea rs, rhe mi>use or ml;a ppllc ati on of shar ~d :~soura.:s or th e su p;,lz ntatlon of existi ng 1eso u rces with shil rcd as 5cl!. 15 prot-,ibited , Failure to comp ly with any provision of 1hi s ag ree me nt shall !i UbJcr.t tt1e rec.!p lent age ncy to the sanc ti on:. stipulated In the curr ,,at editi on of t/10 Justice or '/reaswyGwdes, dependi ng on the sou rce oft /l e fum/s/µroperty, 6 Aud it Hoport. ~rr dlts will be condu ct ed'" prov ided bYthe Sing le /1 udlt Act Amend ments of 19% an d OMIJ Circ ular A·l 33 . Th11 ['lep artmcnt of Jwa 1cr ;md Depa rt me nt of the Treasury re se rve th "! righ t to co ndu ct perio dic rancom auCit:s , December 2010 Yt :llool,P • • • • Affidavit -Amended Form Und er penalryof perjury, t h~ und ersigned offic1uls certi fy th~t thoy have rc,1d nnd undcrst0ind their obligations under th e £qullob lu Sh eJ rinp Agreement ar.d th at the Info rmatio n submitte d In conj unction whh this Do~umcnt Is an accurat e acco!,J nllng of funds rc.::elved and spe nt by the Ageni:y under t he Jur1ke and/orTreasuryGuldt!J du ring the reporttn; pe rio d and t hat the recipi ent A9e rv::y Is In co mp liance wit h the Nar lo na l Code o' Profim:lonal Cond uct for Asset Fo r:ell ure . Th e undersigned ce rt ify th.:n th e ,cclplcnt Agency Is In com pliance with t hE! ,ondtscr!m lnarlon re q uirement s ofthe fo llowlrg laws: and thei r Depa rt ment of Jus ti ce lmplemcntl ng reg ul at ions: TltleV I of theCivll Rights Act of 1964 (4 2 U.S.(. § 2000d er seq .), nrte IX of t he Edu atlion Amendnu:nl )Of 1972 (20 U.S.C ~ 168 1 er seq.), Section 504 ofth: Aeh.'lbll ih1tlo n AC'. of 1973 (29 u.s .c. ~ 794).and th e Age l)lscr lmln allon Act of 1975 142 u.s .c. ! 5 10 ; CtICq.). which prohib ll d lsc.rim \noti o n o n the basis of rac-2, color, fli'll lo nnl orlCJ ln, dlsa :ll lrry, or oge 111 any fede ra ll y a,u lstcd program 01 i'Jci lvl ly, or on the basis of sex In any federa lly ass t;t,1d educa ti on prog ra m or acti vity. The Agency ag rees that It wi ll com ply \oJith iJ II federa l st ati1 tes ,1n d re gulat lons permi tting fe dera l Investigators access t o reco rds i!.!nd M}'Ot hcr so urces oflnform atlon as miiy be nerr,;,;nry ro det er mine co m plian ce with cl vll rights a nd o the · a p plica ble statutes and req u!atiom. During the post fiscal year: (1) has any court or admini&tratlve agency issued any finding , judgment, or determination that the Agency discriminated against any person or group in viol ation of a ny of the federal civil rights statutes listed above;!!!: (2) has the Agency entered into any <ettlement agreement with re<pect to -,ny comp la Int fli e d with ~ co urt nr administrative agency alleging that the Agency discriminated against any person or group in violotion of any of th e fed eral civil rights statutes listed above? 0 Yes 0 No If you answered yes to the above quP.stion , complete Table I Agenc~Hca · Sce lil 2on pi49e ~ Sl gn atu r~: __ - Na me : i1tle: Date: Tiio mas Vandermce Chief of Poli ce Date: Subscribe to Equitable Sharing Wire: tv,,ndCTID cc@ cn ewoodgov.org ~v::~~~~:!~:~~~:;~~:;/:~~::~~;~~:~:~n~,ai ,_1c_o_lhn_.•fl>..,"'_l!J_'_,w_o_o_d1,_,o_v._o:.:ag----------s EquH.::b1e Sl'iarin; polld c;. pmtl~Cl, ~,d p10·:cdurcs ._kc.''c.c"c.'..c;a,"e--'n8e..l•_w_oo_d__,g'--o-'°cc'.e.8 _________ _, Final In structions: Step 1: Click to save fo r your records Step 2: Click to ;ave in XML fo rmat I St ep 3: E-mail the XM L file t o aca.s u bmit@usd oj.gov Step 4: Fax THI S 5/GillfD PA GE ONLY 10 (202) 516--1344 ::::':cvu,FO NLY 1111111111111111 111111111111111111111111111111111111111111111111111111 0 FYl:nd 12/31/2010 Date Pri nted: March 17,201106:41 O NUC: COOU 30100 Ag ency: Englewood l'oll ce De partment Ph one: JOJ-762·'.,460 0 State: CO Contact : Thomas Vandermee E-mall: tvandenn ee@en gl ewood go\•.o rg Page So's December 20 10 Vnlonl.1 Equitable Sha ring Ag reem e nt and Certificatio n 0 Po lic e Departm ent Q Sh e riff 's Offi ce O Task Force !Compl ete Table A, p ag e21 Q Pro se cuto r's Office O Other (s p ec ify) ____________ _ Agency Name: Englewood Police Dcp,rtmc n : NCI C/ORI/Tra cki ng Numbe r : [cJoTiliTD O ! I I O ! 0 I Street Addre ss: 3615 S 'lat i St City: E11 ~kwoc,d Sta tc :CO Z ip : _8_0_1_10 ____ _ Co ntact: T it le · _C_h_ie_f _____ Fi rs t : _Jo_l,_.n _______ LlSt : _C_o_ll_,n_s ________ _ Cont a ct : Phone: 3J3 762-691 6 E-m'1 1. jc:>lh ns @lc ngL•l_e1_v_oo_d~g~o-v_.0_1~·g~-------- :J Sa me as Pre pare r: First· _K_a_t.l~,y~ _________ La st. Cassai Co nt•ICt Pre pare r: Phone: 303 -7 62-241 '. E-111.iil·k c::.c;s:11 @r nglc woodgov.org Last Fisca l Yea r End: '.2/3 1/201 I Agency Curre nt Fisca l Year Bu d get: Q N~w Participant : @ Exhtlng Participant; Read the [quit able Sharln ~ /\grccncnt (page '1 ) and ~i;J n t he /\ff1 d avit [page :i} Com pl ete the Annu al Certificati on Re::iorr , rea ~ th e E.qu1 tab l~ Sha ri ng Ag reem ent (page 4 ), and sign 1h e Affid,v it (page S) (.) Am ended Form : n ev1sc the A ri n uill Cemficat1on Rcpor:, reJ cl the Eq ui1able Sh aring Ag reeme·1t !page A). and si gn the Affidav it {pugc 5) An n ual Certification Re port Summary of Equ ltable Sharing Activi t y 1 1 Beginning Eq u l!at::la .)haring Fund Bolal"'CC: (mu st matc h j End,-ig Eq u 11:ib e Sh ar ing Fund Bala nce from p rio r FY) ~ 2 j Federal Sh arin g Ft.ndi; Recei ve d 3 j Federal Sharing Ft..nds Received f1 orn Ot her Law Enforcemen 1 Age ncies and Task Forces (complete T.iblr 8, page 2) 4 Othe r Incom e 5 ln1e,es1 Income Ac crued Non·lnt crci;t Be.ir ing 0 lntert>s l Be aung 0 .-, Tmat Eciuit;ihle c:;hnri11!:J F11n d ~ (total o f lines 1 • SI - 7 Federal Sharing Funds Spcnl (lot a l c,f Imes a • m b elo w) ··-·----- B Endh1g Balan..:e (di ffe r e nc~ betv,een li ne 7 and l..1e 6) lu~t l(C Agcnoc:; JIC re1. DEA A-r US PIS. USD/,, DCIS, oss. i\nd FD A. Trea sur)' Ag cnc 1e~ ar e IRS. IC(, cs r . u~ss. a,...d USCG Page 1 ~, S Ju s tice Fund s1 Sl0 ,65 1 20 $2 ,~.000 00 S8l 2 08 s::2~,453 .2S $0 00 S:!29,%3 .7.o Treasury Fu nd / .. s 0,4 21 97 $4 6 l In $50,883 .Di S 11,8 40 03 $39,043 04 - ~CpiClllb!!' 2011 lt110n•o • • • • Summary of Shared Monies Spe nt ,ust ice Funds Trci:l s u ry Fund:s ' Total spent on sa la ries for new, te mporary, no t-to•e1Ccccd on e ye ar employee) Refe r to§ VUI .A .2 a,J oi t h e Jusr,ce Gwrle b Total sp ent o n overtime C Total spent on in form ants , "b'Jy mo ney,· and rewa rds d Total spent on tr avel and tra ining $945 .-15 • To t il l spt'nt o n co mmu111 ca ti ons and co mputc1s $10,894 .5 8 , Tota l spen t o n wea pom and protective gear g To1,1 I spe nt on electmnlc surve illance equlpmem --·- h Tota l spent on :>ullcings iJn d mprovements ---T01a l transfers to other sr ate and loca l la w en forcemen t ' :>gc n c,e~ (co mplete Tabl e C, page 2) i To 1al spent on 01he· l,"IW enforcemc n! ex p enses :compl'?te Tob ie D, pogo JI k T:nal Expe'1dltu ,c~ In Suµpofl of C:m,mun11y-based Prog r,1ms -(compl ete Tabl e E, page l) I Tot al Windfa ll Tra nsfers to Other Gover,rnent Agencies (co mplete Table F. page 3) n1 To tal spent on m a tc h ing g rants (complet e TiibleG. page 3) ,. Tot11I $0.00 $1 :.~40.0J 0 Oh.I you, dyt:nt.y •~t.t:'iv~ mm•.d!.li d!i.!lt:l!>? O Y~i. (!)No I( yes. 1..r.11 n µlck T dlJ I~ H. puyc 3. Please fill out the foll owi ng t ables, if a ppl ic a b le. Ta b le A: M embers of Task Force Agency NiJme Table B: Eq uit able Sharin g Funds Recei ve d from othe r Ag enci es Total the amount trnnsfe rrea to each agen cy on separa1e llnes NCIC/OR I/Tracki ng Number Transferring Ag ency Name, Cit y, an d St ate Ju stic e Fun ds Tr eas u ry Fu nds Ag~ncy Nam e: ~1 apa hoc Co unty Shcdffs Offic e CJ $2 18,IJUU .UU NCIC/O Rl ffr•cki ngNumbc r. I C I O I O I O I l I 0 IO I 0 I O I L__ __ ___:: __ -==c'========'=='======='-------1!==== Ta b le C: Equita ble Sharing Fu nds Tra nsfe rre d to Other Agen cies Total the amount t ransfe rred 10 each ag~ncy o n separ11 te Imes R~~~i ving A9_1:_ncy N.Jm c~, and State ___ -~ ______ J ustice Funds Tr c;,s ury Funds • Age ncyName ·'-----;::::;=:;:::::;:::::;=:;:::::;:::::;=::;:::::;------'-I DD NOC /ORI/Tracki ng Number: LLI _ep1ember 2011 Vfl \lO n lO T dllle D: Ot h e t La\, En fo rccm <.!nt E,-:p c n ~es Descr iption ol EKpcnsc I[ Ju s ti ce Funds Tr e a s u ry Fu nd ~ • 11 1 11 T:a ble E: Ex pend itures In S u r r o rt nf Comm u n ity-b as '!d Programs Re fer to ~ VII I.A 1,rn an d Ap pe nd1 >: C of lhc )111 1iceG111 d,. Rt:C!pi~nt ·1 a bl c ~: W1ndf,1II Tr,1ns fo rs to Othe r G ove rr111 u.:11t A9 e 111:ics Hefe1 to !:I VIII A 1.n of lhe Justice Gulde a nd p p . 25·2 6 of tht' 1rt:u i.u;yGu1rie Rec ipie nt Table G: Mil t ch ing Granl s RPfr, tr. '1 VII I./, 1.h of the JuH icrGu,de 1md p n of the Tr!!awry G111de Table H: O the r Non-Ca s h Assets Received Source Jus11ce 0 r,eas ur y O Des cript io n of Asset Jus t ic e ~und \ Ju s tice Fun ds Tr e a s ury Fu mh C Tre as ury Funds il l ~ T.l ble I: Civil Rig h h Cases Nam e o f Cas e Type of Disc r imin a ti on Alle ged ---~-. O Hace OColo, D Nat iona l I □ G 1 0 li gin enc er - :J D1s,1b1hty 0Aqe Q Ot her Pa12 ~rwur k Redu cti on Act Notice Unde r the Paperwork Red u c t io n Ar t , a pcn:o n is not requ irc j lo respo nd to a co!k ct ion of in fo rma t1 011 ui1l c:s s it d isplays a vali d 0 M B con trol nu mber. W e try 10 c rc ale acc ur:ite a nd e3sil y cnd ers tood fo rms t ha t im pose ihe leas t poss ible burd en on yo u 10 complcic . The es tim ated ~ve r a gc: ti 111 e to 1..0111pl c::te 1.h1 s fo r m 1s 30 minutes . lf yo u hav-:.-co mm cntc; rega rd ing the acc uracy of ih is cs li mate , or s ug ges ti ons for making thi s fo rm s imple r, p lc :1 sc wri te to rh e Assc. Fo rfcil ur r ;m d Money Lai 1:uier in g Sec:io n , Pro gr a m Opera ti um, 'J rn1 1400 Nc:w Yo1k Av e nue, N.W. Tenth Flo or, Was!'1in g1on , DC :WOO S. rage Jur s 5l.'µl t'111l>l'I 20 1 \ • • • Equ itable Sharing Agreement Th is Fed er al [q u1tablc Sh a ri ng Agr eem en t, e11 te1ed into amo ng (1) the Federal Gov e111m en t, (2) the above-stated law e nf o rce m ent agen cy (·A gency '). ,,r,d (3: the gov~rnlng Uody, )~ts forth th ~ req u1r ~111e n l !. fu, pdi ti 1.ipatlo n in th e fed e1 al equitabl e shari ng prog1am and the restric ti ors upon th e use of fe d era lly forfeit eJ cash, property, pr oceeds . and any interest ea rn ed the reon, w ,lch are equi ta bly shar ed wit h participati ng law enforcerr.en t agencies. By its )1911dt Ur es, the Agency tJg re cs :hat ti will be bound by t he !.ta tll t es arid guidel in es that reg ul.:i te !j hared assets an d the foll o wing requ ir em ents for pani cipat10 "\ in the fede ral equitab le sha ring p rogram. Re ce ip t oi th e sig ned Equ itable Shari ng ;\g ,ce me·11 ari d er t1 fl ca tio n (trif ,, "Doc ument ") Is a prereq uis ite t o rece i·,ing a ny equ 1tvb ly sh;ired cas t·, propertv, or p roceeds 1. Submission. Hu) Uocu ,icnt 11 1us t be s ubm itt ed to aca.su bmil <,e'U>d oj.gov w1th 111 60 cays of t he end o f tl1 ~ Ag en<y's fi sca l ye ar . This Docun 1e111 mus t be su b111i t1ed el ectronica ll y wit h the Mf1davit/Si q11at ur e page (page ,I sub m itted b~ fox. Thi s will co n,, 1 1\P s brni ss 1an to the Depart ment of Just ice an d the Departmen t of Trca5 ury. 2. Signatories. Tl11s ag reemen'. must be si gn ed by the head of the Agency and th e he a d of th e governi ng body . Examp les of Agency her1d s mcl :.H.l e pol1Ce ch ief, shen ff. d ir ec tor, commis sione r, supcrinte ndeit, adm l111stra1o r, ch.iirp crso n, .. ec ,eta ry , city ,ittorney, coun t y att orn ey, d 15t •lc 1 attorn ey, pr os ecuting att orne y, str1 te attorney, co mmorwealth attorney, and att o1 ncy general. The govern 111 9 body's head is the p er !i.On who a ll oca tes fund s or approves th e bu dg et lor th e Agency. l:x ampl cs of gove rrnn g bo dy heads incl ude cit y m.incig er , ma yor, cit y co uncil rh,,irpermn, r nunty executive. county co un etl cha1 rpN'""'l,1 .'1 ,ret :·: ~ec r et ary, admini s tr ato r. comr rns sionc r, ;i nd gov rn or. 3. Uses . A y shared asset shall be use d fo r law enfo rce11 rH pu. ;JOses 1n accord an..:e wit h the statut es and gu idel ine s • th.it gov~rn th e federa l Eq uitable Shar ing Prog ram :is set for th In the cur re nt edition o f the Oe panmen t of Ju sti ce 's Guide ro Eq uirablc Shar mg tor S1 atC' an d Loco, Law [11forccm er u (Justice Gui d e), and the De p art rnent of the Tre asury's Guide iO Eq uiiable 5h a;,ng for Foreign Coun rries and Fede r of, Sr ore, and Loca l law En fo rce m ent Age ncies Trecs ury GuiCc ). 4 Tran,;fers. Before th e AIJeni:y t ran d Prs O lih , ;irooerty, or prorPP rl ~ to oth er stat e o r loca l law enfor cem ent age ncies, it mu st 1rst verify with th e Depa rtm ent of Jus ti ce or th e De pa rtment of Tr ea s ury, dependlng o n th e source of the fu nds, tha t the rec e ivin g ag ency is a federa l EqJi tabl e Sharing Program pa rt ict :i a n t dr1 d l ids a cu 1 ,~,n E4u 1tiJ l1le Sha ri ng Agreeme:1t and Certif icati on or file . S. lr1t emt1l Co1?lro ls. Ti u: Ayt::ncy ..i grees tc accoun t separately fo i fed ra l equi table sharing fun ds rc::c-ivcd fro m t,c Depart me nt of Jus tice and the De p:i rtmen t :,f th e l ,easury , Fund s from stat e and loca l fo rfeitu res and ot he r sou rces mu st not be C01 nlnm gled with feder al equitable shar mg fu n d!:.. The Ag c:1cy s hall es tabl i!:,h a se parat e revenu e .,ccour.t or JCCO Lmtmg code fo r $l.l te, loc.1 I, Departme nt of Ju st ice, and De p11nmem of t he Tre as ury for fei t u1 e f..i nd s Interes t in co me ge nera ted must be ac cou nted fo r m the upp ropr ia:e fe dera l fo rfe itur e fu nd acco un t Th e Aq e ncy ag re es that such a cco un ti ng w ill be subjec t to the st,md;ud tteco tmting 1P1111ir ement s and pr actl ct s ern pl oye d fo 1 ot h~r publi c mon ies a~ su pple mented by requ irem ent:. se t fo rth in th e c un ent ed ition of th e )11.ulce Guide and th e ltr:asur1 Gw de, u11:h..1d1n g th e rr qu1r emcnt l,1 th e JurnceUwde t o maintain relevant doc ume nts and records for five year1i Tl1c 11u~u)C 01 rn l~ap pli catlon of shdr~U ll.!~ou 1cc~ 01 l/1~ ~uµµld11tiJti on of t:!Xi!.tir1y r t:}uurces w ith sh ared a sse ts 1s prohibi ted . Fa ilur e to co mply wnh any provi sion o f this ag ree ment sha ll subJeC t the ret 1pi ent ag ency to t he sanc ti ons st ipu la ted In the curr ent edition of the Jusr,ce or rreosury Guide<, depending on the so ur ce of the funds /property • 6. Audit Re port . Au dl;s wi ll be co nd uc ted as p1ov ide d b y the Single Aucl1t ACI Am en dments of 1996 an d 0 M B Cir cula r A· 13 3 The Department o f Ju sti ce and Depar tme nt of the Treaswy reserve the n gh t to con duct penod1c random :1ud1ts Affidavit -Existing Participant Und e r oenaltv or pc·iurv, the undersig ned officia ls certify that they h itvc read a nd unde rs tand their obli gations ond e r th e Equitable Shilring Agre ement ano that the inforrmtlon i ubm1lled In conju ncrlo n w~ h this Doc ument 1~ a n acc.urat~ acco unt iPq of fu nds. rece ived a11d Spt!nt by th• Agency t:nder lhe JL•s1i:e and /or Tt eawryGuides dur ing he rcportmg µ~nod anti tha1 the rec1p 10:11t \gency is •n comp'.ian c.e with th e Nati onal Code of Profe~sional Co nd i.le t fo r As. ~I Fo rfei 1u 1e. Th e unde•s ioned cc rt lfv IhaI th~ recipient Aqe ncy is In complHU'\CI'! with the nond1s crimlnotion requIrt:merts of the follo wing laws a nd th~lr Departm ent of Ju i;t ice unplcmentinq requlations ; Ti t le Vi of t h Civ il R•r:hts Ac t of 196'1 (4~ U ).C. § 20::>0d et .~eq.:, TIi ie IX of the Edurn tion Am~ndmc-nts of 197~ (20 U.S.C § 1681 e: s~q.), Sect io1 ,:,4 of 1,e Reha b1 ll·ntio n AC! of 197} (2 9 US .C. § 794 ), and t ·ie A9c Dlscr imonat 1o n •.,t of 1975 1'7 IJ .5 C § 6101 e: seq.) , . ·11t h prohibit dc~c nmlna1 1on on the b11sis c race. cola·, natio nal orrqm d1sab d,1 y, or aqc 10 any federall y :1 ss it,-:J f ,1oq1a m or a ct i\llly, 01 on 1hc b a :iisof sex in any fede ra lly as~1stcd educa ti on program o· ac11-.l1y. Th e Agen:y ag1r-,~., tha t it Nill como ly wit h all fcdc 1.i l statute~ and reg ula tion' pc rmim ng fede r,111n ves1 icia 1or,; acces s to record~ and il n) r ther sou1cr; o' mfo 11 nat1on i!5 m,w be ncress a ry to dete rmine com pha r,ce with civi l right s an d other ilp;>h cab lc ~ta:u te) iHtd req ulat1 u•1'.:. Durin~ the p ast fiscal year: (1) has any court or administrative agency is, ,,d a, y finding, judgment, or determination that the Agency discriminated against an}' ptP's.-:.in or group in violation of any of the federa l ci vil rights sta tutes l isted above ; J!! 12) has ~i,e Ag e ncy entered into any s e ttl em e nt agreement with respect to any complaint fil ed witi1 a court or a dmini s trative agency allegin9 that th e Ag e n c y disrrimin a ted against any p e rson or group in viola tion of a ny of the fed e ra l civil rights s t atute s listed above? O Yes @ No If you answere d yes to ·he alJove ques tion, com pl e t e Ta ble I Ag e ncy H<,i'l d l ignat~ Na me: ~ Gove rning Bffz,dy H ea d ~te 1 1on p1 9e · I) Si~nature: / (:I.(,( ,C ){, A , ( \ -✓,s Gary Sea r;~ Name Title Ch ief of Poli ce Dil :e: Drttt=. Subscribe to Equitable Sharing Wire: ~llins@cngl cw oodr,o \·orr, The [qul111b!c 5n,1ung \Vne ls uu elL>c lf On lc o~w1le 1te, th.i.t :c-,-,11-,~h-,z~@-,"-11 0-1,-w-o~od"-. 1 ,-,o-v."'"o,'--- 1 ,,----------: 91vc1 /OL 1mpo1t,1111, mbs:;in11 ve, tnlo1m:u 10n 1r9,1rck19 11 Eq ullabll' S!ltlll rtq 1-01tc1c) lllJtlite),;ir,d procedure) lkcas~a1@engl~1,..ouc11;0\'.CH r, Final Instructions : Step 1 · lic k tn i;r1 vP rnr yrnu rPrn rrl i; St ep 2: Cli ck to sav e in XML fo rm.i t I <;1e r ~: F-ma,I thP XM I fi lr tn arn .s11hm it@ 11sdoj.g ov Step~, f oY. THIS SIGI\JE/) ?/\G [ ON LY t o (20]) 616 -1 31,~ II II I II IIIII IIIIII Ill II IIIIIIIIII IIII II I I IIIII II llll 111111111111111111 o rv End: 12 /3 1/20 11 uat c Pr .n1ed: Febr uary O.!, .!Ul .l l l.46 FOi\ AG[NCY USE ONLY Entered by ___ _ 0 NCIC: CD00 30 100 Aqency Eng lewood Police De pa rtmen t Ph one: 303-762-6946 0 Srn le · CO Co 11 ld !.l: John Cu llin s E-ma il. jt ol l1ns ,~en~lcwood~ ov.019 P;ig e-5 o l 5 , .. nu11Ju • • • • • • COUNCIL COMMUNICATION Date : Agen da It em : Subject: March IY, WU Y a II I.GA w ith th e Colorado Depa rt m ent nfTranspolla tiu n -Tra ific Sa fety Edu ca tion and Enfo rce ment Proj ec ts In it iated By: Staff Source: Po li ce Depa rt men t I ,if S,1 n che2, Deputy Chi ef COUNCIL GOAL AND PREV I OUS COUNC I L ACTI ON ~o r J numb er of ~ ear s, the Enelcwoo~I Po li:::c D epart nienl has pa rti ciµated in a va ri ely of tratfic :,."l iety educa tion ,1n d enforcemen t prog rcmts th at are ci1h er fun ded o r sp onsn red by th e Co lor,1d o D l,.i,ir t111 ent of Transpo rt ati o n (C DO T). We ex pect to co ntinue QUr p,1 rti cip atio n in these prog rJms fo r t he foreseea ble fe ture. RCCOMMENDED ACTION The Poli ce Departm nt is recomm e n di ng tha t Ci ty Council ,1dopt ~1 Bi ll lo r an O rdina nce a u1horiz 111g the Englewood Po li ce D epartm ent t o accep t b oth sta te and fe d eral fu nding ior traffic sa f ety enforce ment and t.:!du catio n pr ojec ts ior calend ar yea rs 20 1 I throug h ::!O'I J. BA CKGROUND, ANALYS IS, AND ALTE RNATIVES IOFNTI FI ED The Colorad o D epa rtm ent o f T,a nsp ort atic,n (C D OT) has soli ci ted police depar tm ents thro ugho ut the Stat e o f Colorado, incl udin g th e En glewoo d Po lice D epartment, t o p a,ticipate in tra ific safe ty edu c,11 ion an d enforcem ent p ro gr,1111,. CDOT provides bo th Stale fun ding and Fede ra l pass • thr ough fun ding for th ese progr.t ms. CD T oft en gives ve ry littl e notic e wh en th ey Jn nounn • thei; sate ly c,11 11 pa igns ; lhcr cior e thi s is a co mp rehen ·iv r quc~l fo r all C OOT projec ts initia te d wi th lhis fund in8 i11 cO I I , 201 2, and 20 13. W ac tive ly pa rt ic ipat e in state fu nd ed enfo rce ment progr,1ms such as tile High V isibi li ty lmp,i ired D 11v1ng l:nfo rce ment Pr ogr,1m . VVe al!>o part1 c1pa te 111 ted erdl ly tunded trattr c sa le ty ed ucat ion and enf rn_i ment progrdms such as th e M ini-G rants Prog ram and the Click It or Ticke t Prog rarri . r!NANCI AL IMPACT rh c !>l ate fund111 8 is 1r o111 th Lolo rad o Ue partrn ent ol Tra 11 s po tau on ILLJU I). I he l·e deral fu11cl ing is ir om th e .S. Departme n t o f Tra11 sporta tion,, ational HighwJy Traffic Safe ty ,\drn i11is tr ati on (NH TSA). Sta te ,i nd Corn rn unit y High w,1y Sa fe ty pass i11 g thro ugh to the Colo rad o Depa rt ment o f Transrnr1;rtinn ((f)OT). Overt im e costs lor ci 1y polic e o fitee rs arc reim b ur se d to th e Engl ewood Police D cpJrtm c nt by COOT . Thi s f1111J i11 g c1llows us tu be 11 10 1t.• p1 oact i\e in ou1 enfo ,cc,nent eflorts thro ugho ut the )ear, w ith minim al hnp.:l ct on the Cit y's budge t. Th e .,m o un t of fundi11 g v,ir ies b1• yea r. In 20 11 , we received $13 , lO!l.79 . LI ST OF ATTACi-lMENlS Bi ll tor a n Ordinance • • • • • • UR IJ !NANC~ NU . SERIES OF 20 I 2 BY AUTHORITY CUUN C [L BfLI. NO . 19 INTROJ)l irF n RY r.m JN(:11 MEMBER A BlL L ·O R AN ORDI NANCE AUTl·IORJZ LN G LNT ERGOVERNMEN T Al I UREf.\,ff;-.r ~S FOR TH E AP PLI CAl !U N FUR ANIJ ACCE P J'ANLE U F CO LORADO DEPART'>ll.N 1 ~•r TRANSPORTATION GRANTS AWAR DFD TO Tl·lF <-IT ~ OF FNCi l.F\V0(,0 ['()R VARIOUS PR OJECTS REL ATED TO TRAFF IC SAFETY El 0 "XI ii~, '\:SID ENl'Ul<L l M 1:N"J IJUR.!Nli CAJ..ENDAR YEARS 20 I I , 20 I,:, and ~(h .l . WHER EAS , tile Co lora do Dep ,11111clll ofTran spo natio n (COOT) has so li ci ted ci ty poli ce depa rtm ent s t~uougho ~ll the Srn tc of Co lorad o, includi ng !~:c Cit y of En gle wo od. to panic ipatc in lrnffir 1rnfc1y t:•cl uc.i 1i 0 11 :rn d enforcemen t pmgram ,;;: :rnrl \V H l:.K.1:A~. some of the fu nds arc Stat e fund s and ::.o me are Colorndo De panmc n1 of Tr:mspo 11 a11 on {COOT ) r a~s -th rou g h "f Fe der:i l Funrl ~. :met WHEK.l:.AS, (UOT ofte n gives litt 1c noti ce when 1l1i:-y an noun c e th eir safe ty ca mp aign s, the ap pli ca ti on and noti ce of <nv.ud s r1 re dri nc hy e-mai l , c1n d WH EKEA S, the pass age of thi s Ordma11 ce w1ll ati'~iorize the City of Englew oo d to accep t fonding from th e Co lor:t do Drp;i rtmenl nfTr;1n !-pnrtr1 1i on (C OOT) for vario us projects relate d IC traffi c safety, edu cati on and enfo rceme nt fo r all proj ec ts in itia ted in 20 I I.20 12, an d 20 I 3. NOW . TI-IER.E FO R.E , BE IT OR.J)AfNF.O RY Tl-IF CITY er. :Nnl .OF T HE ('(TY o r- ENGLEW OO D, COLO R.ADO. AS r-QLL OWS : Sec ti on l . The City Cnt11?c il of 1hc C11 y o f Fng lewnod , Cn l0raci " herrhy au1hnri 7e;; 1he acc ep tan ce of th e Co lorad o DL"nanrncnl o fTranspp n :n1o n Gra r.1 s award ed to the C 11 v of Englew oo d fo r !Undm g ol va r.ou s projec ts rc l:1ted to trJtli c sr1fe 1y, edu cation and c,.fo rcc mcn t durin g ca lendar ye ar s 2011 , 2012 , an d 20 13. Se el ion 2. Th e Ci1 y M anage r 1s hereby au tho ri zc:d lO app ly for and accc 1ll Co lor ado Department o f Trn r.sporta ti on grant s awa rded to the C i1y of Eng le woo d fo r and on hel rn !f of rh c Ci ty of Eng lew ood. Co lorad o for the ca len dar years 20 11 , 20 12, a nd 20 13. ll1e applic ations fo , three o f the 20 12 gran ts arc att ached he ret o as sam ple s . se c l:xh1 b11 s A. Li and C . Sect io n J. T he T ra ffi c Snfcty and Educmi on progmn fu nd s such as nli rn gia111 • for c:tlul'.ali on an d the C li ck ll or Tic..:kct p rogram are received fr ,~1m th e Colorado Dep:inment o f Trnnsporta tion w hic h a rc passed throu gh fr om th e U .S . D,·pan-,,ent oi Transpon nt ,on and the Na 1tona l H ighwa y o tTrans ponation and Safety A dm in is trati on -State a nd Communi ty Safety. These fund s arc used to re im burse the Cit y fo r perso nn el rwert il)1e costs for these projects i::n th e c n'-IS 10 the Cuy are lnni tcrl in 1h r. costs of process in g a11 C ac1.:ocm111g of th e fund s, whi ch co5ts 3rc budgeled annu a ll y in th e Po li ce budget. Scc liun 4. The funds fo r 1hc "High Visib1 li1 y lm p:ur cd Dn ving ·· Prob'Tam ar c State of Co lorado funds wh1 ch arc used to rc11nbursc the Ctty tor pers onne l overtime costs for these proJe Ct.i so 1hc cos1s to the Ci1 y arc hmiled to th e cos t~ of process in g and account rn g of th e fu nd s. w h ich costs :i re budgeted annua ll y in th e pt>h cc ~-·1 rl pr:t l.nt rodut.:~d . ren d in full, :md p:i :..:e d on fi rsl rea ding on 1hc 19th d ~y o f Mnrch, 20 12. Pu blisil c~ by T it le as a Bill for an O rdin ance in the C u y's om c ,a l news pape r on th e 23 '• day of .\•larc h, 2012 . Pllhli -.herl :\!. :i Bill fo r a ,: 1 · tUlJ <.ci r, .. , t~1c Cit y's official we b si 1e bcgu mi ng on th e 11 st dny of \1arch. 20 12 fo r th1ny (30) days. A ITEST Randy P. Penn , Mayor Keny Bush , Depu ty City C lerk I. Kcny Bush. D eputy r.11 y C:lt·r k n f ih e C i1y of Englewood. Colo rad o, h ereby cc111fy th at the above and foregoing 1s a true copy of a Bi ll fo r an Ordm .mc c, in :roci.uccd, re.id in fu ll. .:rnd pass ::d 0 11 first rc.1d 111g on 1hc 19 th day o f March, 20 12. Ken-y 13u sh • • • 2:01 2. K ~Gn Vt Sl 8K[TY ,1\f(PAlrZ ED D·RlVl!~G I ~~ ,(&1 e;;;;;;e;;;;+;I ENFORCEMENT: JANUARY -JUNE, 2012 -:.;::.;c ..... THf HEAT IS OM! "'., APi>LICATION FOR FUNDS CDOT's Office of Trao s~o rta t ,on Safety {OTSJ will prov ide f und in g fo r overt ime eni orcemen'. o f Colo rado's impaired driving laws fo r th e Supe r Bowl ', St. Patrick's Da :•, High School Pro m, Memorial D•y, and t he firs t two days of the Ju l y 4th hohday period . The ,·,iection and funding of part'cma ting age ncies wi ll be based on : • The m is si on, r;o .:i ls, stratccv ;rn d o bjectives o f CDOT1 • probl em id entification data relating to impaired drivi ng rela ted caus e d il"l jury an d fat al cras hes, . an d stat ist ic al ana lysis of lo ca l, stat e, and fe deral impai red dr ivin c rela ted statis ti cs . TO APPLY FOR THE CAMPA IGNS Your ag ency agrees to: 1. provide overt to officers for enfor cement of Colorado's im paire d driv 1r,; laws at che ckp oin t s, saturat.ons pat rols , in cre as ed piltro ls, or a~ dedi cated enforce men t car!;; 2. utiltze onl y ott ic~rs who are curren tly SFST certifie d t o co nduct roadsi de m aneuve rs; 3. Repo rt yo ur en forcement pla ns an d activity t o t he COOT webs :te be fore t he spe cified deadhne s; 4 . Co ntact CD OT's Pub :1c Rela tions Office rin or t o issuing a loc al press re lea se to coordina te media efforts; 5 Submi t cl~ims on COOT forms with backup docu mentati on within 4~ ,fays after th f\ ri nd nf Pr1rh en for cement period. 6. Sub mit a fmal r ~art on agen cy lett er head summarizing acti vity, arrests and cras hes ::ompa red to la st year, ove rall res ul ts of th e enforcement, a nd an y sig nificant events tha t OLcu rred, with edch cla1rn . •super Bowl funding will b e limited to agencies in Adams, Arapa hoe, Bould er, Broomfie d , Denver, Doug las, -. El Paso, Je ffers o n, Larimer, Mesa, Pu eblo, and W el d counties. To a ppl y for co nside rati on of fund ing, return th is form via email no la te r th an : Janu ary 9, 20 12 l o: Bruce Shet tz at br ucc .shcctz@ dot.stiltc .c o.u ~ Phone : (303) 757 -9355 (Com le te pro ject co ordinator, secondary con t act, and budiiet/fi na 1ce info rma t ,on is re quired) Age ncy : Englew ood Poli ce Department Project Coo rd inator: Sgt . Mike O'Co nnor Ph one Nu m ber: 303 -762-2 432 Email Address: moc onno r@ens,lewoodgov.org Seco ndary Contact: To ni Arno ldy Ph one Number: 303-762 -2490 Email Ad dress: ta rnol d~@e nE lewoodgov .c .{& Budget/f inance : Ka thy Cassa i Phorte NumbPr: :!U ;-76 2-2411 EmJil Ad d ress · kcassai@englewoodgov.org ENFO~,EMENT PERIODS I HOLIDAYS HOUR S HOU RLY RATE TOTAL Su per Bowl ' $0 .00 $0 .00 ----St. PJtri ck's 0Jy 38.00 $5UO $2,000 00 High Sc,,ool Prorn 38 .00 _ $5_1 .OD $2,000 .00 ------Memorial Day 19 .00 $' 2.00 Sl,OO C.00 -----June 2Y & JO 19 .00 552.00 $1,0DC 00 ----- TOTAL FUNDING REQUEST $6 ,00C.00 CONTACT PERSON AN '• ADDR ESS W HERE YOUR PURCHA SE ... ,, ORDER AND REIMBURSEME NT CHECK ARE TO BE SEN f: .i:.::a.." "'1io::l A DDRESS : 1000 Eng lewuod Pkwy CITY : Enc lcwood mm,E SOBER illl!l ZIP COD E. 80110 GET PULLED OVER ATTENT IO N Ka thy Cassa i ~ {' C T y 0 F P O L I C ENGLEWOOD D ~P A R I M N f Offi ce of Transportation Safety 2012 Mini Grants :::o al i t ion Nam e : ENGLEWOOD POLICE DEPARTMENT Ad d r es s : 36 15 S ELATI STREET Clt y , S l c1te , Z~p : ENGLEWOOD,' CO 8011 0 Co unty : ARAPAHOE Proj ec t Dir ect or : Toni Arnoldy '1'1 tle: .Community Relations Specialist Ph o n e : 303-762-2490 Fa x: 303-783-6~09 Er.t ail: tarnoldy@ENGLEWOOOGOV.ORG ~/~~-- Si g na l ure o f ?ro j~rec t o r. o .:. 01/2012 Da t e Jr, 15 S E a11 S1·cm [ngh!\',.'Ood, Cohr,•tlo 811 10 Admmmra110n )03 /(,2,24 ~0 Cmnmuiiica:.ions JOJ-76?•2ti38 F/\X 103-702,.:497 • • • 2012 Mini Grant Apol ication Im aired Drivin_g: St. Patrick's Dax Please desc ri ~e the following top i cs: 1 . Problem Iden tification (de scribe the pro blem i ,n y o ur cLrea ) r h e c urr~nt pr o b l em i n ~ng ] ewoo::i i~ Lhe i ncreasi ng nt.:mbcr o f driving while i mpa i red c i t a tio~s , ar r ests and accident~. 8ach ye ar in Color.ado, more than 30,000 pe p l c a re arrest ed for DUI and ~early 2 00 peop l e a=e killed 1n alcohol -=e l ated traffi c =ras hes -repre senti ng appro x imately 4)% of Colorado 's total mot o r ve~ti cle !a l ~litic s . ·-filed :i n de r: Traf fic Safety , Prog r ams , Im oahed Drying , Heat i s On I t has also b een reported t hat Arapahoe c6u~t y a n j the City of ~ngle wood are one of the f e w ci ty and coun ties in th e stat e ,..!ieie fd la l DUI c:;C cidt::1 Ls have bee n on the r i se . 2 . Pro ject Go a ls (clearly state what you want to accompli sh ) The Pro jec t Goa l s a r e : • Ed ucate the c itizens of f.ng l ew oo d on the danger , cc 1n sequenc es and cost of Ur i·1ing 'v'l hi l e I mpaired. • He i ghten the a1,-:arencss of no: o nl y t he dangers , b u t also the i ncreasi ng number of fatalit i es a nd injuries in Colo rado e a c h year during t h e St . Patri c k's Day H3lida y . • Red uce the n umbe r of DU J c itati o n~ an d accj_dcnL 5 3 . Proj ect Activitins (de scribe t h e a~~1 ·.ri t1.c-l'! yu u \-:ill or hope to accomplis~) • On St . Pa tr i e~.' .... Day, Uf r . 1:::1 0 -·i · 1 v i.'3l t the locc.1! ba r3 a nd iqJo r nto res to ~l ·.-~~~ ~~t t1 th A p~t rn n s An d the s t a f f o f the poss i b le danyc.:..., c.1.r d con se:q t:t:-ices r.i f dc i vi :ig wh i l e? impuired . • Incre ase patro l in lt iy h acc i :l:c n tlin ::i dent aren3. • Ha nd out .1 ntormat 1.on pamphle ts anC f l y er!;l wi Llt Lht: L.1c t.s o n Driving Wh i l e Impaired . • Give o ut information o n the a :..te rr.ate mode s o r LLtlOS?i r at io~ that arc availab l e i 11 the city . 4 . Proj ect Eva luatio n (h o w do you pian to mea~u ro tho ou t c ome of you ~ a cti v i tio s?) • Wi l l compare the nur.lber of d r ivi n '} wh il e impaired citat ions, ar rests and acc idencs of t he firsl quorte L 201 1 t o th e f irst q u arte r (after eve,nt ) i n 20 12. • • • • Budget Summary & Narrative Next tc e3ch calego ry, pl ease 2x p l a in what y ou ar~ usi ng your fu nds fer . 1 . Salaries $ 496 .17 • This request i s due th e fact tr.a t our d epartmen t is cu r r e ntly at minimum staffing ~nd ca~not budge: for any OT or xe l eas e office rs from their no~mJl dutic ~. This wi 11 sur,plr-m<en t for :he Overtime o f o n e T~af f ic Serge a nt , t wo Traf f ic officers, a nd Community Rela ti on s . 2 . Operat ing Ex penses $ 258 .0 0 • This is f~r key c ha ins t hat will be d ispersed during the educat ion and serv e a s a rerr.indcc to NO'r Crin k and Dr ive . • Leslie Ch 3~e s tat e d tha t s h e wou ld extend Lhe a ward to cover t he cos t of the kc ;· tags . 3 . Trave l (m il eage) $ 0 1. Co ntra c t ua l $ 0 Total am oun t Re ques ted $ 754 .17 '' vwJ/or <Y-[r/4 ~f _/4/ ~ • C T y p 0 F E N G L E \IV 0 L I C D E p A K T M N ·1 Of fi ce o f Transportation Safe t y 2 01 2 Mini Grants Date of P rop osa l : 0 2 /08/2 0 1 2 0 0 D Name of Or ganization/Coal i tion· Eng l e woo d Po lice De,::artrne n t Mailing Address : 36 1 5 s ::::.c1 Li Sl r e e t Ci ty, State, Zip : Eng l ewo od , CO 8011 0 Countz : Arapa h o e Project i'i tle : Mot o r c y c le Ri der Aw ar ;,ne ss Project Di r e ctor : Bri<:m Ta ylo r Ti t le s Ma s t e r Pol ice Of f icer Phone: (3 0 3) 783 -6 8 14 Fax : (3 03)76 1-4 0 8 6 J::ma il : bt.:i ylo r @e n g l c woo dg o v .o rg To t a l OolJ.a r Amo un t Re que s ted : $73 0. 54 P r o iect Date s : APR IL AN O ~my or 2 0 1:< Signa tur e nf P r o j ec t □i=ec to= 0 2/08 /2012 Da t e Jb 15 S L sti 5 111:et i.nglcv:ood, C,:i lo r.i.:lo Qj l 10 Acm1m.str a110, J0)-76 2-H OO :'."ommu.-11c ,;,t1on~ 303 7U 2 2438 fAX )Ol ?f,2 249 2 8 • • • • 2012 Min i Gr·nt Applicati on 1. .roblern Identifica tion (Ccs-::r ibc the problc·•t in y ('.i r a rea ) Th e prob le m in our area is the numbec of 1wt0rc -,,cle/s coo ter riders that do not wear the prc per eqllipmen t or have n ,-: C'a r understanding of t he mo torcyc.l e laws an:i safet y requir e"'· ts . 2 . Project Goal s (clearly state what you wan t to •~compl i~h) • Red uce the number!".i fata li ties . motorcyc l e crashes 1,. • Ed ucate ri de rs on the impor ta nce o f ope rat i.ng a 111utor c ycle sul;e,: a!1( a[e ly. • Ed uc Jt c riders o n what is t he prope r equipment a:i d wh a t the law requ ires. • Provide t he c l ass participants wi th n1ghc eye ?rotectlon. Provide some p art icipants wit h riding gloves for h a nd prot~ction . 3. Project A< .ivities (de scribe the activit ies yo u wi :l or ho p e to accomp lish) • Hold a class o r cammw,ity forum Lo i n c lude ri.ders,_ bu~i~c30 o wncr3, and c itizens . P~ovidA r~rticip~ting rirlP rs wi th p r o per safety eq ui pment . • 8ducate the partic ipan ts o n what the :a w requ _res, and he i mp ortance of ridi ng sa f e:y a nc riding sober. -4 . Project Evaluc tlo n {hu,,., do you plan Lo measu=e t h e o ut Come of ynt1r activities?) • Red u ce the numL"r of motorcyc le fata l e.ties i n F~nglewood. • Observe e. reduction of the numb er o f raot:orcyc.le crashes and DU I citations . • ReJ ctiun u[ Lhe nwnbe r of molur ::ycle vio l at.i o n!.i cited hy t~~ nff ic~r~ on~ dAi]y basi s . Budget Summary & Narrative Next to eact c&tegory , please explain wjat you are using your fu nds for. 1 . Salaries $ 505 .54 This request is due tht fac L thd t o u L departmenc is currently at mini~um ataffing and cannot budg et for any OT or release nffice~R from the ir nocm3 ! du ties . This will s uppleme n t for the Overtime of u11e molo.rcycle sergeant, t,,o motorcycle t raff Le o[ficers , and C:)mm ur.i t y r <>lat ion s. 2 . Operating Expenses $ 225.0 0 50 p a i r of c l ea r safety g l asses @2 .00 each = $100 A pair for t he rider , a pclr for Lhe passenger . 25 pair of leatjer riding glovas @5 .00 each= $1 25 3 . Travel (mileage) $ 0 4 . ron trac':ual $ ___ o __ Total amount Requested $ 730.54 • 2012 CLICK IT OR TICKET CAMPAIGNS --------------------------------------- RURAL, NIGHTTIME, AND MAY MOBILIZATION ENFORCEMENT WAVES APPLICATION FOR FUNDS C.:,mpa ign GoJls: Increase co mpliance wi th Coloraoo's occu pant pro tec ti on and gra duated dri ve rs licensin g (GD I ) lil ws and in crease publi c awa re nl•ss of the li kelih ood of rec eivin g a ti cke t and sufferi ng r.erio uc; or fa tal inju ries for failing to /Ho perly u~e occ upant pro tection sys te ms. TO A PPLY FOR THE CAMP AI G N S Your at:,c ncy ilR,~ 1. Pr ovide overt ime enforceme nt of Co loraoo's chi ld passenger safety, GD L, and ad ult occ upant pro tectio n laws thro ugh speed in g and oth=r aggressive/haliH dous dri vi ne contac ts during aut ho rize d time perio ds; 2 Strictly r.nforcc all c.n ild , tee n, and ad ult dri vin c viol ation ~, w ith a ze ro toleran ce (n o war11 i11 ~~} :,l dm.e; 3. Co nd uct pre ond pos t ,;e at belt sur veys iln d en ter res ults on th e COOT websi te by speci fi ed dea dlines; 4 . Repo rt all reques t ecl en fo rceme nt ac t ivity (bot h ov ert ime fu nd ed and reg ul ar duty) to t he COOT webs,t e by ~pcc ifi cd dc.1 dl incs; 5. Prov ide CDOT with a co py of yo ur agency's cu rr ent se a< ,pit policy (,f not on fi le wi ll, TSI: 6. Subm it claims for reimburse men t on curre nt COO T fo w 1• with back up docu mcm Jt 1un 'hm 11 5 days ;i f t •r th e t:nd uf t!dlh 1.:nfu 1u •rne nt per iod; 7. Re t urn lo cal bene fit do cumenta ti on nn your il ge ncy lette rh ead {ma nd .1 tory rc~u:reme nt for fun din g). •Ni ghttime fun d ing w ill be limited to ag encie s i n Adam s, Arapahoe, Bo uld er , Bro om fi eld, De nver, Douglas, El Paso, Jefferson, Larim er, M esa , Pu eblo, and W eld countie s. U.ill[al fundin g is offered to counti i,s not li st ed abov e in the nighttime campaign. Th e r e is no gu a rantee -I all request s can be met. Fund i ne will b e base d o n available fund s, the amount of t h e req u e st s, unbelted fat ality rates, and compliance rate s in a pplying counties . 1. p;:i y for enforcement ac ti vit ies at your ag ency's ove rt ime a , se t enfor ce m ent rat e; 2. pay fo r co nd ucting pre (within 1 w eek prior to start of enforcement) and post (withing 1 w ee h cer the end of enforcem ent) se at be lt surveys, at a ma ximu m o f 2 h ours p er survey. Io apply tor co nsi derat ion of fundi ne, nlease relll rn t his fo rm vi a email oy : Febru ary 29 , 20 12 To : 3ru cc Shee t,, OTS l a w Enfo rcement Cou rdin c:lt or, at bru ce.s hr.c tz @do t.s t alc .co.u~ {C om pl ete proje ct coo rdina tor and sccondJ1y contac1 inror rn !l ion are required) A.ee ncy: Enelew ood Polic e De part me nt Pro jec t Coo rd in..ilo 1. _T_o_n_i A_r_n_o_ld~y'------------- t m~11 I Add ress : ~~<lv@cn glc w oo dcnv.ore Second ary Co ntact : Mi ke O'C o_nn_o_r ___________ _ EmJil /\d c1 rf"~S : _rnoco nn or@e nglcwood ov.~ Phone Num ber : 303 .7 62 .2490 Ph one Numb er: 303 .76 2.2432 EN FO RCEM EN T .NAVES #RU RA L· 0 4/0 2 -04 /08 ES TI MATED ENFORCEM ENT HOU RI FUN DING REQ UES T M AY MOBILIZAIION -05/21 -06/03 55 .00 3S .00 A DD RE SS ANO CO N T A CT WHER E YO UR PU RC H ASE O RDER AN O R EIMB U f<5t M t N I CHECK AHt TO BE SE NT: PO OOX/ADDRf SS· ~s \' Flat i ST ATT I NTIQN · Ka ren Kennedy EM All ADDRI ,< kkenncd_y~---------- $2,900 .00 $2 ,000.00 90.00 $4 ,900.00 Ton i Arn o ld Fr o m : Se nt : To : Cc : Su bj ect : Sh ee tz . Bruce IB ruce .Shec lz@dol state .:o us J Tuesdat, Marc h C6 , 20 12 2 ·1, PM Shee tz , Bruce Chase , Les lie, Gould, Caro l 2012 Cli ck II 0 1 Ticke t Funding All ocatio ns Th is m ess;ige is be lne bcc'd ta a r,c ncy con t acts th,11 n ppHc d fo t 20 12 Cli ck It Orlicke t cnfnr ... c mc nt fu ndin g. • Below ;ir e th e age n cy allo :;nions for Ch::k It Or T1d ct cn fo rccrn en t fo r rur al and 'v1,W Mobi lirnt1o n enfor ce m ent. Nighttime Iu n ding allocd llons will be annou r;ced nt a later da le. and ilre d epc'ld ent uoon COOT rccervm e add h 1ona1 orru pilnt r:iro l Pct lon f11nr1ln3 from NHTSA. No il(!f"'nr.\' w ;i~ lunrll"rl n l 100% n f 1lw ir rr>flttPo;t Alloriltion ;1111oun:s we,e bilscd on t he ;;ce,cy•~ p :i,;t pcrfn,m :mcc, their locJtion in rP(!:trds t o u n belted ,n j une!. .i nd fa t ul1tic s, sc .at belt co m;:,li,rncc r,ites, and COOT'~ Prob lem ld cn t iricat1on . It your acency does not w .i n: t he .t llocn t cd ~m o unt, p lease con t act m e immed lJ t cl y !.O we can d i:;pc rsc your fun ds t o ot h er agencies, l'>urcha sc ordcn are beinc crea t ed tod:>y, .ird !.h ould b e ::e n: ou t l o your :Jr,cnq w ell in ;1 d vnncc of the fir st en forcement p Pliud, w l·ic h is r u ,ti ,md !.t,1 I t s un Ap n ' 2". Cla!m fo1 111 :i, !.lll v~•y fu r 11 1:i ,1 111J 111)t1 ucti um, 11r11J c.1 ct 1vlty re portl ns form s will be s~nt m :. 10 yo ur .i3cncy 1n the near t uturc. Wh ile no en fo •Lcnu-mt µI,rn!. <H l! required fo r sc at belt en fo r :emf'nt, n re a,d post cn lo rccmcn t sur•,c ys ar e The p rQ su n ey shou ld be com plete d p r io r to t h e .itart of enfor ce ment, an d th e PD>t ~l lr'JCV sh ou ld be don e wi thin tile w eek af· er enforcement ends r,e su rvey form s are no t t o be se n t to COO T, bu t kcJt m the agency's r ecords. The ,esu lt s arc req uired t o be post ed on l he CDO'I Tra ffi.c Safe ty wcbslle by •;pe ciii ed dea dli nC's - AGENCY RURAL MAY TOTA L AGENC Y -- A DAM S CO UNTY so $6,0 00.00 $6,000 .0 0 GILPIN CO UNTY ALAM OSA PD $1,200 .00 $1 ,2 0 0 .00 C::LE N WOOO SPR INGS A LAMOSA CO UNn' so $1,000 .00 $2,0 00 .0 0 $3,000.00 \!GOL D EN -- A RAP A HOE CC•U NTY 50 $1 2,000.00 $12,0 00 .00 GRAND JU NCTI ON AR VA DA PD $2,20 0 .00 $2,200.00 GREEN WOOD VI I.I AG E --· - /\U LT PD $J ,OOO.O O $1,000.00 • HUER FA N O CO UNTY --------------~ . ·- /\I JRAR I,\ [A M r u~ ~r, $1,000.00 $1 ,000.00 JEFfER SON CO UNTY ---· -·-· --------- A U RO Ri\ Pl $1 4,000,0 0 $14,0 00 .'lO LAF AYE TT E ----·------------ AV ON PD $1,7 00 .0 0 $1,700.0 0 ,$2 ,90 0 .00 LAKEW OOD -· --- BAY I IEl.ll M /\l<~H/\L PD S100.oo $1,400 .0 0 :$2,100 .0D LA MAR ------··-,_ ----- 1$5,SOU .UU BO ULDER PD $5,500.00 LAHIM t:K (OUN rY -- ~2,30 0 .0 0 ~f11:CKENR I DG[ r D t,1,000 .00 $1,300.0\J . LAS /\N IM /IS CO U NTY . - BRIGHTO N PD 5800.DL $800.00 LITTI [TO N • -·--- CA SI LE ROCK PD $,,•,on on $3,5 00.00 . LOGA N COU NTY -----------~----------- CO LOR/I.DO SP RI N s PD $5 ODO 00 $5 ,000.00 t· LON E TR Er ll.UlvlMl:HU-LI I y ·-l'D ------·---- $3,000.00 $3,0 00.00 ?,lONGMON I ----· --------. --------- -J;°RTEZ PO $350.00 $350 .00 $700 .00 - CRA IG PO $1,000.00 $900.00 $1,900 .00 --·- DACONO PO $800 .0 0 sson.oo DE NV ER PD $5,500.00 $5 ,500 .00 DIL LON PD $2,0 00 .00 $3,500.00 $5,500 .00 DURANG O PD $750 .00 $1,500 .00 $2,250 .00 EAGLE COUNTY so $?500 00 $2,500 .00 EDGEW ATER PD $500.00 $500 .00 EL PASO COU NT Y so $1,400 .00 $1,400.00 ENGLEWOOD PD $2,300 .DO $2,300.0D EST ES PA RK PD $2 ,000 .00 $2 ,000 .00 EVANS PD $7 ~ll .O O $/SO '10 FOHi CO LLINS PD $4 ,000 .00 $4,000 .00 FO RT LUPTO N PD $750.00 $750.00 OR T MORG AN PD $900.00 $1,500.00 $2,400.00 .. ~ASER /W INTER PARK PD $500.00 $800 .00 $1 ,3 00 .00 FREDERI CK PD $1,000 .00 $1,000 .00 FRE M ONT CO UN TY so $500.00 $1,000.00 $1,50 0.00 ----- FR ISCO PD $1,500 .00 $2,500.00 $4,000.00 GARFIELD CO UN TY so $500 .00 _1 S600.00 $1,100 .00 lha nl: you for yo ur int erest in thi s program .1nd please cont.l et me 1f you have qu es tio ns . Bruce Sheet z Law r n for ce m~nt Coo rd 1nt1 1or Offi ce of Transportat ion Safe ty, COOT t?0l E. Ar kans as Ave nue Oenvcr, l.,lorado 80222 Off ice 30 3-75'/-9355 Le/I I/0-2 19 ·9o 49 • LO VELAND MANITO U SPR IN GS MANZANOLA MESA COU NTY MINTURN MONTE VISTA MONTEZUM,,_ COUNTY · NOR THG LENN i PAR Km PUEBLO PU EBLO COUNTY · SILVEHl HOKNF. STEAM BO A r SPR INGS STERLIN G THORNTON WAL SENBURG WASHIN GTON COUNTY --- WES TMI NSTE R "WHEAT RIDGE WOO DL AND PAR K • • • COUNCIL COMMUNICATION U.i1 r : Age nd a 11 cm : Subj ect: M ar h I , 2012 9 ;1 ii i IGA re fe ren ce So ut h MeIro D rug T,1s k f orcc For feitu re t=un dm~ lnitialt!d Hy: I 51,11-r Sou rce: Poli ce.: D cp ,11 ln1 cnl lc ff Sanch ez , D ep uty Chie f o f f'oli c c -- COUN CIL GOAL AND PREV IOUS COUNCI L ACT ION Th e Fn glewoud Po hc..e D epartrn c nt has flld rn l ;i in c d a lo ng term com m itm ent 10 the So ulh Mrl ro 0 nig Tas k t-orce bv prov1d 1ng tl11:m \-\'1th a polKe off1rer fr om our age ncy O ur p;1 rt 1c1p.,ti on tonti ib ut co; 10 th e cit v's goa ls of 11 s,1fe, d e.i n, hc,1l th y, and a'.t r,::ic ti vr Ci ty .1nd a pr gress iv~ City t!M t prov id e~ res ponsivL' and cos ! effi ci ent st:rv 1ces RECOMMENDED ACT ION I ll e Poli ce L>epa rtrn ent is reca mm ending lh .l l ( ily Co11 nc1! adopt a 81 II b r .:rn O rd111c1n ce aut ll ori1.111 g a n in te r-govr ... rnmPn l.:i l ar,rPenwn f fnr th P r nul ~•wnnrl Pnlir P n, .. p ;:i rl n 1en t tn ~r t <-'p t 't-21H,OO() rv-1 fr o m th e So uth M etro D rJg Ta sk Fo rce . BACKGROUND , ANALYSIS, AND ALTER NATIVES IDENTIF IED Th e Cit y of Englewo od Pulice Depart ment was no tifi ed on Ap ril 2 1, 20 11, th al it w as se lec ted b y th e Execul iv Bo ar d of th e So u th M etro D ru g Task Force 10 b e o ne o i twc rec ipi en ts that would receive $2 16,GOO.OO. No ap ph cat i n w as required in o ,der 10 re eive thi s fundin g. Th e Englewood Po li ce D epartm en t co m milled one ex isti ng o ffi ce, to th e So uth M c lro Dreg Tas k Fo rce an d in tu rn was awarded the $2 18,000.00. This aw ard cove rs a t'.vo-ye ar per iod fo r the offi cer to l,e as :..ig11 ~d tu th t: Su utli Mdtu D 1u g l ,1:..k Fu 1u: ,111 d u H:..L·I:.. 11 11 :.. u Hi Lt!I ':.. :..d l,-11 y r111 U IJt1 11d,t:... Tl a:r·.: 1:..11 0 fu1 lli t1 obl1K<"1t1o n '01 th e En glewoo d Po li ce D epi1r t11 v-•nl ta ll ow in g l hl' 1wo -year lcrm . A di~ck 1n the ,1r11 oun I o f $2 18,000 .0 0 was rc cc1v ~d ,in d depus ilcd by 1he City ot [n~lewuud 0 11 May 2G, '.!0 11. FINANCIAi. IMPACT The fL1 nd1ng :..o urLt:' is th e ou lh M etro O,ug I as k Force r edcral Forfeitur e acco un t, but bec aus e the l ask ro rtc is not rccognil~d as a legal l,1w enf orce menl cntit )', lh e Sou lh Melro Dru g ·1.,sk Fo rt e ll Jns fcn cd the money 10 th e A,ap ahoc Coun1 y Sheriff's O ffi ce Forfeiture Fund . I he Sheriff's O ffi ce in turn t1cccp 1c d the money and then dis1nbu1 ed the money to th e 1li s o ( Eng lewood .:md Lnt lclon Po lice D cpa,t m cnls Th 11 process w as approved b1• th e ! 8'" Jud 1c 1al D istri ct A IIo rn ey's O f1ice. On or .1bo u 1 Ju ne 1, :.!O 11, the [nglcwoo d Police O ffi ce r bcg•m h15 ass ignm ent at :he Sot1 th Me tro Drug ras k Fo rce. There is J p e rs o 11 ne l Lust :o tl.e f ng lewood Po lic e D c-p,1r 1m cnt, howe ver, thi s 1s o ff s'.!I by th e S2 18,000.00 l hi s exi sting o Hic e r 's sc1la r")' an a benefits had alrl!JJy U e 11 1r1 t.u1 µord te d 11 1t u th e Pu hc~ Dep,1,111 1enl's :!0 11 b udget Th e Cnv cA Engl ewood's con11111tm ent for as s,gnm g 1h 1s o h!c er 10 th e Uru~ I ask f o rc e w,11 c 11rl 011 M ay 3 1, 2)13 LI ST OF ATTA CHMENTS Pwpv3e tJ 8 111 lu , dll ordina nce • • • • • ORDIN ANC E NO. srn n:.s cIF 20 12 BY AUTIIOIUTY C'OU~Cll . B TI .L NO. 14 LN , RODUCED BY COU NCIL MEM B ER _____ _ A OLL L FOR AN O RlJ INAt\Ct, AUTHO IUZIN0 AN IN'l 1,KUOV l :KN M J'NT A I. A0 10 :EMENT FO K T H I, ACC EPT ANCE OF \N A \I/ '\RD T O FUND AN ENGLEW OOD PO LI CE O FF ! 'E R FO R 20 11 AND 20 12 TO BE ASSIGNED TO T HE SOUT H .\'I ETRO DR UG TAS K FO RCE. \V J IEREJ\S. E nglewood was noti fi ed ia i\pril of 20 I I th:-t it had b een scicctc d b y the Ex.:cu u ve Boa rd n f 1hc Sou 1h Metro Drug T.!s k Force to rec ·:. e f-u 11d mg : :met \V I-I EREAS, the Eng l t:!w nod i'n licc Dcp:i r1m cnt C1)m m 1th·J nnd nss i gm:d one o ffi ce r to 1hc So uth Met ro Drng, Task Force fo r a 2 ~car peri od : and IVH.f:IU,AS. in Ma y 20 11 L'nglewoocl rcce ,vcrt th e fu uds fr om the Soct h Metro Dru g Ta,k Force. th t:sc: fund wl!rc 10 offse t the Englewood Poli ce Dc partmcn t 's cos t o f th e officer 's snlary : and \VHE ll EAS . in Jun e 20 11 an Englewood Police O fficer bega n hi s ass ignm ent at So uth M etro Drug T a~~ Fuu:1..:, arnJ W HEK.EA S, with the po !.:.ngc o f th.i s OrdmflllCC the Eng lewood C i ty Co unc il aut h0r 1zc:. the lmergovernmenlal Agree ment and acc epta nce i: · ·1:e award o f fun ds : NOW, TII EREF l 1RE, B E IT ORDAI NED BY T l IE CITY COUNCIL OF T H E CIT Y O F EN G L EWOOD. COLO RA D O , AS FOLLOWS: )cct1on I. The C'll y C'ounc il of t he City of En glewood, Co lorad1 1 hereby ;1 u1 horizcs 1h c h1u.:rg ovc.:mruc 11t al Ag reement fo r 1he m:cc p1:1 11cc of an ;1w.:1.r d 10 fu nd an Eng le,\OO d Pol ice Oflicer for 20 11 and '.!0 12 10 be ,1s<;1g 11 r.:d th e: South M et ro Orng Task Force, att :-1c hed hereto as "h lu bLtA ". Scc 1i 0n 2. The fu nd s recdvcd Li re frnm th e Snu 1h Metro Drug T ask Force Pc::J cral Fu 1 !'cn u1c Ac c0 unl whic h, because the Sou th \'.'!i ro DrJg Ta sl... Force is not rccog;uzed as ,1 legal ent ity a rc passe d through 1hc .i\rnp.i hoe Cou nt y Sherifr s O ffi f..:.: a nd a pprov ed by the Di strict Att ornc ) of the I 81h Jud 1ci;1J l.)islrict of Colu rn do . ln1rod uccc l. rc;id in ful l. and pa ssed on fi n:t read in g on the I 9th day of March. 20 1 ~- Pu blished by r 1t1c as a B 111 fo r an Ordi nnnc c 111 the Cuy·s offi cial newspaper on 1he 2J n.l <lay of Marc h, 20 I 2. Pub li s hed ~1 i; a Bill !Or an Ordinance o n the Cit y 's o ffi crn , webs ite begi nning o n the 2 1st da y o f ~ ,irch, ~0 12 for 1h i11 y (30) dn ys. A"ITEST : Rand y P. Penn, M,1yor Kerry Bus h. Deput y Ci 1y C lerk I. Kerry Dush , Dcpu1y i1 y C ler ~ of th e C it y nf E11g lewuud, Cu\uradu , lu.:rdly cc:n 1fy that lhc r1 l.Hw c a11 J li.1 1c::gu in g i:-. all uc t.: py u f a Bi ll for an rt!1 11 ancr, introduced, rend in full, a nd passed o n fl , s! rea d ing 0 11 th e I 9th da y of farc h. 20 12 . Kerry Bu sh • • • • • • South Metro Drug Task Force 1.0 .UOX !WJ 1,1rrLETON, co HU lull-;.19 721 •-148-2995 FA X 121114 8-2r,45 AGENDA 6.Q ri l 2 1 20 11 9 :00 a.m. Arn pnhu c 111111ty Shcrirrs Ofii rc 1\d111i11 i1-tr:diu11 Buildin g SM DTF f<'orfoit ·11·c Boa rd 'First iwm or hus i11 css : Approval of b~low fund s to be uc:cep ted us deposit ed in to the Sou th M etro Drug Task Po ree State F0rfeiture Accou n:· I. Procee ds fnun c~1sc 0i-37 7 2008 C V-53G, (Flnrcs) Di.1·/wrscm,111 Check frnm Co urt s: $ J,t 97 .50 .2. Proceed s from case 09-20 I 2009 CV-2378 . (H ix) Di.,lmrsc111c11 t Chcci;_frn 111 Cou rt s: $ 66G.4S 3. l'ruc ecds from cnst· 0N -2 29 2008C V-2 J5R, (T/,ortv cdt) Di.vb 11 rscm c11 t Chcc /ifrnm Co urt s $ 1,425.34 4 . .Procee ds fro n, case 09 -397 20 1 OCV -21, (Davis) Dish ur.te mr.1r! Check frnm Co urt s $ J,655.68 Total :111111 11n t r equ cstr.:1] Lu Lt.. nuthori ·,.c<I for depos it -S MDT~-Stat e Forfei ture: •\ccount : • 4,9,:s.uo The: req uest befo re the Board is tc h:,v c $~,945 .lJ () 1,e acee le as ti c nsi l.c:d i11 Lh e Sou th Metro Dru!! Task Force Stats Furi'cit urc Acco unt St!c und ite m of hu s in t s~: A 1111ro,•al to lransrcr th e pcrsu1uH:I fu1nli11 g ror lwo (1) F'l'Ji:'.s u11 t of th e SM.DTF F'c 1l er:1l fi'urfciwn· .l\cc111111l ~ha t wa s appr ove d :1t th e l◄c brua ry 3, 2 011 Fo rk it un · Bu:u ti 111 ecl i11 ~1 111 t ht· Ar:ipal1(J C C uu11t'y 'hcr-iffs O ff1 ct· Fcd c r:11 )?orl citur'! Acco un l. The f11 11 th a r c being t r ans forrccl tu lh c Ar:ipahu,· Couuty S l1 eriffs Qffjce l<c d cra l Forfeiture Accu u11t si nce SM OTF is 1111:i blc 1o ent er in to a co ntr nct w it h the se lec ted ;1g c n c ic~ (2) vrn: fo r 2 _y ,•a rs · (2 : Ve hicl e L c11 3cs: (2) l':i r-s I R :uli t,s: 2, $100 .0 0 per _ye a r 2 , $ I \0 00 .0 0 p er y ear 2 , $500 0.00 Total : = ~411t!,OOU .OIJ = ',2ti ,(HIO.OU ~s, 10,000.00 The; rcc ue~t befo re ti 1c::: B 11,11 J i~ 10 mo v e the rcviou:;J , a 1 >rovccl erf:01 m e l fundi: for two i2 ' FTE's n1C:' ,es fo1 their ·•chic le leasts ancl Pac-Se, Radi0~ IO ·.he /I m ,a hoc (~ .,her· s Of cc I'cderal f'o rfe 11 u1e Ac~n unt in the anH11 rnt of £436.(HIO .UQ. Thi r el i1 cm of bu sin ess: Appro v:ol In utili ze Stat e Forfeiture F u,ul s for 9 SM flTI' Age nt s a nd ] S er gea nt. lo all cud th e 2011 Col or :lflo Dru g !T,ve.st ig:i tnrs Ass <>ciation (COI A) 911' i\nnual 0 11 fc 1 enc<' in Brccla:uritl gc. T he cost~ ar c br oken do wn as to ll ow s : C onfer ence Fee: $175.UII ea ch x 10 =$1,750.00 H ulcl 111111 111 : $100.00 n night x 3 ni gh ts x JO ro oms = $3 ,000.00 l'er Vi cm fo r 3 d ays: S56.00 a clay x 3 da ys x I U = $1,G HO .OO (Per Dictn raie obta in ed from ACSO liudgel and Lo gisti cs) To mi Cosi: $6,"30.U0 The reoucs t before the Boartl is to :,ave up to $G.4JO .OO a\'a ilablc from th e Staie :"o rfo itu re T-u11d Account to be used br nt,cndancc ut the 201 I CDlA Con-ti;,rc ncc . • • • • • • Ara pah oe Co un ty S',c rifr s Off"c r-orfdtu re f-u nd Boa rd Te leph one Boad Mee ti ng Apri l 26, 20 I 1 8:0J a .,:i . I. Mee ting brought to order on Ap ri l 26, 201 1 by Gai l Thra sher nt 8:00 nm . 2. Boa rd Members Pr esent : Comm ission er f-rank Wed dig, Shenfl Grayson Robinson, und Deputy District A\lo mcy Leslie Han se n. 3. Busin ess li em s u. f-tind Balance Report i. Ga il ll1rnshcr reported Lim! th e fu nd baian ce is $60,1 47 .63 b. Tran sfer of monies from Sou th Metro ass cl fo rfeiture In the Arnpah oe Cou nt y Shc ri fr s Cffice . i. Gai l Thm:;hcr rcpo n ed tha t th e Arap aho e Coun ty S hcrifT s Offi ce rec ei ved a check fr om South Metro Dru ~ Task Force in th e amoun: of $436,000 on Friday, April 22, 20 11. She told the ot her Boort mem b~rs th at the Treas ur er's m ~e sho ui d dc?□S it th e fund s "" T uesday , April 26, 201 1 but it may take 3 day s lo c lear. c. Transfe r of ½ of th e fund s lo Englewood Poli ce Depanmcnl and the other ½ to Li ttleton Pol ice Department i. Gai l Thra sher repo rted that th e money wi ll he used to fun d on e officer a t Englewood P.D. and one officer at Li ttl e ton P.D. for a 2 year exc lusi\'e assignment at South Metro Drug Task Force. ii. Sheri ff Robi nson exp lain ed th e importance of hav in g South Me tro pe rso nnel. He state. I that South Metro is not o legal ent ity and that they serve as ~ subgro up or th o age ncies . He stat ed thut after hav ing dis c ussio ns wi th Lega l, th ey decided that the best ro ute wo uld be to tra nsfer th e fu ndiug to th e Arnpah e Co unt y Sheriffs O tlicc. Th e Arapa hoe Count)' She riff's Office woul d then di str ibute th e fund s to th r. tv.io aecncic~'>. He said thal an IG1\ wou ld nol be ne eded . He was going to dra ft a le.tlcr 10 th e 2 C:,ic fs or Poli ce. The len ers will comain un area for, s ign ctl acknowledgem ent fr om end, a1;eu r.y 11nrl tha t wou ld be nil th at is needed. iti. Les he Hansen had questi on s r.bou l wr.at wa s bc ii1 g funded . The Shcr(fT ex pla ined that the fundine will bs for sa iary und benefit s fo r th e two offi cers for a iwo vca r ex ~l i1 siv c assignment and also for radio s tt nd vc lucle leases tor the se offtce rs. She th en asked if th ere we-re fl ny rr.s trir lio ni. on the use nf for fe itur e fund s for sa lar ies. TI1e She ri ff st mcd 1h,1 he received two le ga l op'.1 ion s, one from th e Coumy Attorney's Offic e undone frorn tlte D.A. ·s Offi ce. The person From :he D.A.'s Offi ce is on th e South Metre Ass et Board . Bo rh op inion s were that tl wa s ok to us e th e fun ds for salari es and benefi ts. Arapah oe County Slrn rifrs Offic e Forfei ture Fun d Boerd Telep hone Board Meeting April 26 , 20 1 I 8:00 a.m. d. T ,vo motio ns were rt:qu ested to he mnd e and two vo te~ w ere taken i. Motio n wa s req ues ted tc be mudo to acce pt the fund s from So uth Metro asse: for fe iture I . Mo tion made by Comm iss ioner Wcdc,g 2. Mal ian second ,,d by Sheriff Rn hinsnn ii. Vote was taken to accep t the fu nd s fro m So uth M etro uss el fo rfe it ur e I , Al I vote s we re in fuv or iii. Mot ion was requ es ted to be made to transfer ½ of the fund s recei ved by the Sherifrs O ffi ce 10 En glewood P. D. and the ot he r ½ to Lnt leton P.D . to frn ,d tlrn two aecnt s for a two year exc lusive ass ignm ent at South Metro I . Moti on was mad e by Co mm issioner Wcd di g 2. Mot ion seco nd ed by Le slie Hansen iv. Vo te was t.e kcn to trwi sfc r ½ U,c funds rece ive d by th e Ar apahoe Co unt y Sheriff's Offic e to Eng lewood P.D . and the other½ to Littleton P ' to fund the two agent s for a two year exc lu siv e as signmt. .,t Sou th Met ro !. A ll votes were in fav or 4. Othe r Bus in ess Thi.;1t w~s no uthcr business to condu ct and the me eti ng was adjourn ed ut 8:08 a,m ., Apri l 26 , 20 11. • • • ARAPAHOE c o u nY SHERI FF 'S OF FIC E P URCHASE ORD ER REQU EST DI VISION NUMB ER : DATE REQUES TED · 4/27120 11 REQUIR ED DA TE : ASAP S HIP TO ADDRESS : Arapahoe Co unty Sherilrs Office 13 101 East Broncos Pkwy Ce nten n ial , CO 80 1 12 SU GGESTED VENDOR: En gle wood Pol ice Depa rtme nt • V~ndor #200Q012593 QUOTED ACC O UN T UNIT NU MB ER DE S CRI P TIO N QT UOM PRICE TOTAL CO ST We rece iv ed a c h ec k In the amo un t ot $436 ,000 from Sou !h Metro on Frida y, April 22 nd 'r) The money will be u se d to fund on e offi cer at Eng le wood P.D. and on e offi cer at Li :tl eto n P.O. for a 2 year ex cl usive assi gnment al Sout h Metro OrJg 2270100 15 Task Force . I 2 '.8,000 .0 0 T OTAL $ 2 iB,000 .00 SP ECIAL IN STRU CT IONS : PLEAS E SHIP TO 13101 EAST BRONCOS PARKWAY CE NT ENNIAL, 80 112 BUR EAU : Pu bli c Sa fety an d Detentions I RE QUES TED BY :, ~b y._ c.__,~'S,~ DATE: 4 -J..o• .-·1. I Ga i l Th ras her APPROVE D BY : 9..d~ 4,.~ D AT E: tldi::.L{_ '/ 7 DIV IS ION NUM BER: DAT E REQ UES TED : 4/27/201 '1 REQ UI RED DATE : ASAP 3 HIP TO /IR/IPAHOE CO UN TY SHERIFF'S OFFICE PURCHASE ORD ER RE QUES T ADDRESS : Arapa ho e Co unty Sheriifs Office 13101 East Bro ncos Pkwy ~antennia l, CO 80112 SUGGEST ED VENDOR : Ll:Uelon Fo ii c~ Department v ~nd o, ::2000011s 1s • 1----,-----------,-----r----r---i------l • QUO T ED ACCOUN l iJ UMBER DESCR IPT ION We received a check in th e amount of $436,000 from So uth M etro on Friday, Apr il 22nd'f } Th e money will be used lo fund one officer at Englewood ?.D. and one ofiicer al Li tt leton P.O. for a 2 yea r ex:lus •ve usslgnment at South Metro Drug 2270100 15 Task Force . SPEC IAL IN STRUCT IONS: QT UO M PLEASE SH IP TO 13101 EAS T BRONCOS PARKWAY CE NT ENN IAL, 801 12 BUR E AU : Publi c Safely and De tention s REQUESTED BY:, .•. ,,._ f ---.-ll .,.., £}, "= Cail Thrasher ,----, /./ 4 APPRO VED BY : / · /7· .,.,.,.,.....--~ 7 ,, UN IT PRICE TO TA L COST 2~8 00 0 00 TOTAL $ 218 000 00 DATE: -4-,Ir -l I • • • ll , AuTH ORITY OfW INANCE NO ERI ES OF '.10 12 CO U NC n . B ILL NO . 10 INTRVD CE D IW COUNC IL MEMBER WOODWA RD -"'·'' • 'IU~INA NCE A DU PT IN::J AM[NDME'.'I T S TO TH E C IT Y O F ENG L EW OO D PO I.ICE Offl CE RS PE NS IOI\ PLA N DOCUMENT (THE t'LAN\. \VI-I ERE AS. thl.'. C it y pf Eng l ewood ~the i.Empl oy cr'') cs t:ibli shed 1 ht! L uy n f Engkwo11cl Pol ice O ffi cers Pe;1si n Pl an (t he ·'Pl an··) effcct1vl! as a111c11d cd ::i.nd rc s 1,1 1cd Jan u.1ry I , 1999, wit h 1h c p:-i ss :ige 1)f 0 rdi na n:c No . 47. Se ri es 1999 : and Wl IEREAS. th r City Cou ncil nf th e Cit y of Eng lewood, Color;1d o mll h0ri1nl :-uh,p tlllg ;11ncn dmcms In 1hc Ci ty o l l:11glcwood Puli 1..:t: O lfo .. 1:1!) JJ1:11:,,1 u 11 l'l ;rn IJ111.:u11 11.:11t (the Pla n ) /\rtit lc X. V. Sec tion ~.b wi th 1h1: pa ss ngt,; of Orcl1n :m cc J\o. 50 , Scn;::s of 2011 : :i nd W HEIH:.AS. pursuan l fl1 Article X U.I o ftla: Pl an, th e Emp loyer hn~ l hl' ;nnlH.1n ty 10 :i m cnd th e Pl a n 10 co mpl y \~·•t h stall' or fc clc rn l rcquin:111,:n ts :im l 11 1:1 1n 1:ti11 1 u: qu .1 lifi c•d ,1:,11 , nf lh t· Plnll' and Wll EREA .. l(~'•;mnl Rcvc 11u c:: Sen ·ice (IR S) or the C'o l<i ra do Stn t(' Statutes rcq um.: a111c11c.J ing (.l f A nicle U. Se;.:ti on ➔, Art icle IV , Sect ion 4: an d An 1clc V IL Sect ion 6 or'1hc l'l:111 m order 10 com?IY w nh federal or siaa: rt!qui re ment s. NO W, T I-I EREFO !U:. BE IT O RD A IN ED BY T llE CITY CO UNC IL OI-1111 : UTY OI · EN <:LEWOO D, CO LORA DO, AS FO LLO WS : ~£li.Q!ll . The C ity Council o f th e Ci ty of Engl,·\\'0od, Cn lor:1d o hi.:rcby ;uh ,pl:, th e foll ow 111 g \angm1gc 10 be adde d to Arii c li: n. Sc ,:ti on 4 o f th e City p;' Englt!\\'OiH I Poltf..:c.: Offi n:r!-1 l\:wm..1 11 Pla n cff!.!c :i\'e JJ 11 uary I . :!008 , lo rr.:a ll as f0l lnws: Add to An 1c lc LI , Sec ti on 4 h i c l:-ml 'y the ap pli callo n ofL'ndl' Sc clltln 414(u ) 1c-q uircmc11 1s 1hat h:i ve hee n 111 dfec1 s 1nci= December 12. 1994: J;lll ~ art: g · b!!!"'-'"-"'""-"'"'-"...._,"""""-'...,,_OW'-"'J'-"i=:.!.!.ll..J.JW!.>lPnl)f5 ll£llQif ========--·===...,. 'ij :U:li.l!,-~\)~Q~(~l.ll,;,l,,g\~~w.,;uw;:i...:IJ.le!~ ll. ' ' , . . . 'estedJ'CII SIOll · cd.J ru;.ubs.i:._cuon a, ts lonrnk.c £QJ1Jri b,u 11ons 10 lhe Pl an fo r all or pa n of the uerjQ_cj_QLllililJ.i.Jk\ militan~5-en'jce as dc,c;r~1u.\,nirle IV "ec 11110 4 s~cl ion ::.. Th e Ci ty Counci l o f tht: City o f Eng lc\\u<'d, Co loraJ ~i hL'1cby :idop1 •; l hl.' fo ll 11\\ 1nµ l~mgu:-ige to be ndded to Art id 1: TV, u n ew Scctiou 4 of the Ci ty of En glewoo d P\1 l11.:c Ofli ccr"' Pensio n Plan effec ti ve January I . 2008 . "" read a s fo l\uw:-. Add a new SIX'1 io n 4, 10 A111 c lc IV to rc3d as follows, lC1 c lan fythc applk:t 1in n C1 : l \ltk: Sec11un 4 \ 4 (u) requ 1rt:1n e11ts 1h:11 ha,·c been 1ri effect s~nCL' IJL-cc 11 ibcr 12 . J tJ1J,l . Sc ct101l;I. C:011 1ribu 11011s •i>r P,rio.ds atJ/.11alificd ~=~== Qli cs to 3 l1nni ci '-"'-'"--"==== =====_....· ... ·=-=...,,, ;;.e,'!&l&!,Ml"""'JJJ!!"-""'1>"'-'"'-U 1IWI!! c l'J a11 ===.,.,,.ill l\lJ\) ==.,,_..,.....,,.,._,....,"""...,.""""-"''"""""'="""'"''''-. l=e.,_P.,,a._n .. itsiiPJ!Jl.Ulli)~llfl ·c uool.QuJhc hi!M S ot ill ► l'!)l1H,;J~Ll Q.un ue, rn 1eil..ll£)gr.c..i ll~g \1 ahlled ~.l!!l!l•ro-er • ct ud h< term s ofth 1orn,u hc..far.t ici1J11 nt·s Per iod af qJ.uWJl~ m1!J1 i1r) sc ,,·,ccj A l'an1 cip:u · · · · l' Panicio~n · ====·J.l,lj..Wiwl.WU Y!:lli WbI.f.t-~-llrn C\lk'nl ~cj '=====-----·--== 11\ wjll fC CCI YC Set.:tion J. The Ci ty Counl·tl of '.:1c C ll y o f l:.ng.k,,ll1\d. l {l ll1r:id 1l lt crd, nd c,p!~ 1hc hil low111g language to bt.: addt.:d 10 A r11 dc \i .. , ., new Sectio n o of the l'11 y o l l:ng lc,,ol•d P lic e Ofti cc r~ Pensi0 n Pla:1 cffrc1iv..: Jan uary;, ~{}'1.:-, 10 ren d as foll o,,s : .-\dd n new Sec ti on 6. to An 1..::k VII. t fl rea d n:, fullo ,,s. lt ) ~1111111\y ,, 11h cl c•,tl h lw11di 1 requ ircmern s of th e "H FART'' Acl l"fft <..'l 1\'L' J,m,mry I , 2007 · ;i,o;li.ouJi . S;1m=-1k1di1s """""""""""'""'""'''-"""' _J · · u:tlt flc~ n1ilil a~ bl:_ . ========== di'.}. 1h, I'.aruci am ha! th e ' Ill' uc 10J1is..~, """,,_....,,......,= ..... ...,......................... '.~ ~.19..l)~~II O • , HkJ Jl tl<lc t lhd~:l(J,. • • • • • • S.Cc 11on 4 . TI1c Ma yo r and C it y Clerk arc au th o ri zed to sign and aucst the Amendment s to the City of En gk\,ood Po li ce Pension Pl an Doc um ent. Lntrodu ccd, read in fu ll , and pa ssed on fir st re ad in~ on the 5th day oftvfa rch, 2012 . Publi shed bv T1 ~lc as :i Bill fo r an Ordin ance in th t: C11v ·s offi cial news:Japcr on 1he 9th day a f M:irch, 201 2. Published as a Bill for an Ord in anc e on tl:c C it y's offi cia l we bsite be ginnin g on the 7th day of March, 20 12 fo r th!n y (30) days , Read bv titl e and pa ss ed 011 li11al readin g on the 19th da y of March , 201 2. Pub lished by tit le in th e Ci1y·s offi c ial new spnpc:r .i s Ord inn ncc No._. Sc rit:s of 20 12, on the 23"' day of March , 20 12. Publ ished by tit le on th e Ctt y's offi c ial webs ite begi11n ,n g on th e 2 1" day of March, 20 12 fN th iny 130) days . Rand y P. Penn , Mayo>r ATrEST : ls.m y Dush. Ocpul y Ci 1y lc 1k I. K erry Bu sh. Deput y Ctt y Cle rk of th e ity of Englewood. Colorado, here by ccn,fv th at the :tbo\'e :i nd fon:go in g i5 J true co py c f lh e Ordin :-tm:c pa ss ed on fi no l read ing n11d pu blished by ti1lc as Ord in :mcc No ._, Sen es of 20 12. K erry Bu sh • • • ORDNANC E NO . SERrES OF 20 12 BY AUTH ORITY COUNC IL B ILL '0. I I INTRODUC ED UY COUN I L MEMBER WOO DWA RD /\. ORDI NANCE ADOPTING AMEND 1ENTS TO fHE CIT Y OF ENGL EW OO D FIR£FI GHT ERS PENS ION PL AN DO C' JMEN T (TH E PL AN). WHEREA S, the Ci ty of Euglc w,,ud (th e "E111 plv)cr") c,u,u li>h«I the Cit y ,,f E11glcwuud Firefigh ters Pen sion Pl an (the "P lan ") :ffcc tl\'e as amend ed and rc stoted Ja nu ary I , 1999 . \11th the passage nf 0 rd1 nnn cc No -4 6, Scncs o f I 999; and WHEREAS. th e City Coun c il of the Cit)' o f Englew ood, Co lor ad ,, aut ho rized adopting amc ndnH:11 1~ to 1hc Englewood F1rcfig l11 ers Pe nsion Plan Docu ment (the P!an) Art ic le XUJ 1.1.1it h the p.!c.s:1p.r of Orrt iniln C<' ., °'I , St:rirs 201 1, :rn d WHEREA S. pursua ot to /\rt1c le XW of the Pla n, the [mployer has the aut horit y 10 amen d the Pl an to comp ly wit h sta te ,Jr fcdcr;.11 1cqu m.:mc nt s an c!. mmntain the qua li fi ed status of th t! Plan: and WHERE AS , l111 ema l Revenu e Scn•ice (IRS) or the olorado S1a1c Statl.les requi re amending of Articl r-I I. ~<.:c1ion 4; Ar1 ic!c rv. Sectio n -1: and A11i clc V II . Scc l ion 6 of the p!.1 11 in orde r to comp\y wit h fedei.t l 0 1 !:,I J l e requ1 !'emcn1s. NU './, TH EKl.:FURE , BE IT ORIJA INEO 8\' I H!: en 'r CU 'J NCIL F THECI I Y UI- F.\/G I ::wnnn. ('()J ORM>(), A~ FO i I .O WS · Section I . The Cit y Cou nci l of 1hc it y of Englew o,d, Co lomlo hcrehy ado pis the fo ll owin g lan~u a~e to be add ed 10 /\nicl c 11 . Secti on 4. o f the Ci ty of Eng lewo od Fircfi1<h :cr s Pens·on Pl an effective J:1 11uary I. 2008. to rea d as fo ll ows Ad d th o fo ll owi ng to Aniclc LI. Secti on 4. to rlari fy 1hc applic at ion C'f Code Sec11n11 4 I 4(u ) rcq uircmcn1 s 1h01 hav e been in effec t sic c, !)e,e1.1 bc r 12 . 199 4. M'.: l Cl )lllCUU)'il luhc.Cm1 rnililsm' s ithin wl11 clu~m olonnent ci~hts arc g1 mcpnt ~cU1Y,1aw,.wi,l L..r.C£t'ixe sc~ryicc ,· ·· · · QJb e,&rti cirx1nt ':$ l),criod or qualified milii . , . iru:~ ;!J4fu }fl) of 1bc Code} 1 'Pl of 1bc Code and app li cab l•~ti o t' a !JlLll . lldwY i!, Srn:Kc,N.c.c.essarv for aJ)s.(c;rn;!! ~s1ed Pcgsjon._AP,Nucifl1!n l's aualified miliWD' SCD'iC~ c.ounts to,i.'\1fd 1bc fi ve Y.Still~~e~ rcnuircd foe u Defe rr ed V e?tcd Pcns,o n 9 b ii l!. ~mice for fi ll l'urnosc · ~Wll ~bc.LJba1Ldcsc.til • 1~n ii. :1boyc , a I!anicm an i's qua lified ~crvi cc cou ms toward sco1ice only tP,Jhl;!...cX lfJ1 Uht.&nici oi1nt..dect s J9Jl1ak.s au alilic"I Scc 11 on 2. Th e C11y Co un cil of 1he C it y ot 1,n~lewood . Co lorad o hereby adoplS 1hc fo!low mg lan guage lO be added to Aniclc IV, A new Scct1un 4, of the CJI ) o i En~le1.1,.·ood Fm.:fi gil1 ers Pension Plan effec tive Jan ua ry ! . 2008. to read a ::. fo ll ows· Ad d J new Sec 1i on 4 , to A rucl e IV, co read as fo ll ows1 10 c lanfy the app!ic.111onofCode !'-.c~li o n 4 I 4(u) requirements t hm hn vc been in e ffect sin ce December 12, 199 -l . ~ Comrib utions ior Pcm1di; ofO llal 10 cd "111iwr1 Service This Scc 11on applie s 1a..1.£~niti1mu.miQ..(cJ uoxuJL~mi21 Q:illl.C ULll'.iihJh~ C'ilv from au;,HGed militarv.miitti!l!i:illl,IB.~ri.1>.lllw~ rw11Ql.QY!nt"m rirht s acr L?uarante£d bx le,w Ihs Pani ei nan' maY dl'c t . ) . . . . -, . ,58;!.ll,l.,!!!!,lili.J.!!!!li.U.'l>~W"111.<illl..l.lir.!!l,ll!..l<i,bll,~~=.!!!JfY 1Qlls..Jll'ril!iill:d..lu: t us . ecu on. t 1e roi ci oant w il( recei ve Service as described in Article M.~~ll.CTiQlLcl.q,.1 llQ cd unli rn rv scrv ice.u lidulll: ~lli'!!U.•.!f!u.. ,S_e r !i,1n J The i ty Co um:11 of1 hc C 11yofEnr1cwood, Co lora do h~rcbyact op!.i 1hc i Ollowm g l:lngu ... 5c to 1,c added to A.11 1clc V II , a new Scc t1 011 ~. o l the Cit y of l:nglc:·.-.,ood F1rc fi gl11c rs Pension Pl an effec ti ve J:muary I , 2008. to read as foi lows A<l d a new Section h , 10 Ar1icl c v n, w react ,1s fnll n w ~. tn c nmply w 11h dt•a th h c ncfi t r~qu1r e111c n1 s of the ··1-1 EART'" Acl effective J :tnu..i ry 1, 200 7: £((cc.t1Yx..Ji 1nu~cY 1 1 007 1f.a..erni cioa11uli ~utliik . .ru··~ mi~)lfied m@arv seryjce <w iJ hµHhe me aning of S;.c uon 1 J4(u}()l of ~~nMllS bnl'.Jii; .. m::u.<;d ns having 1crntin mrd wi 1h th e l il\ due In hi, demh for PllO?0SSS W,__~~ --=======----Al=in,g 9,J!i~.JlWll~ll!l!li!i£ll • • • • Sec ti on 4, The Ma yo r and City Clerk are :-iu1h ori zcd to s1g11 nnd a1tc ~1 the Am endm ent s to lhl! • • C11y of Eng lewood Firefight ers Pen sion Pl an Documen t. Introduced , 1ca d in fu ll , anct pa i;~ed 0 11 li rst ren ding on th e 5111 day of March, 2012 . Pub lish ed hy Titl e as a Bill for an Orc\inanc o in th e Cit y's o ff,w t new spape r on the 9th day of March Publi shed as a Bill fo r an Ordin~1m::~ on th e Cit y's o ffi c ial we bsne btg1 mun g on th e 7th day of March. 20 12 fo r thi n y (30) da ys . Read by titl e and pa;scd 0 11 fina l • .:i d 111g on the 19th da y of Ma rch. 201 2 Publi shed by 1111 c in th e Ci 1y ·s ofl i c1a l newspap er ns Ordi na nce >Jo ._. Series nf 20 12, 0 11 the 2.l '' day of Mar ch.20 12. Publi shed by t itle on the C 11y·s offn.:1al websit e hcg 11111 111g on th e 21 \: day of March, 20 12 fo r thirty (30) days Randy P. l't:nn , Ma yL1 1 ATT EST: Kerry Bush, Deputy City Clerk I. Kerry Bush. De pu ty City Clerk o r th e Cit y o r Eng lewood. Cc•\ora do. hereby cert ify that the abovt: anJ fo regoing is a tru e co py of the Ordinanc e rnssed on lin,11 readi ng and publi r.hed by 111\c.; a~ Ordimtm.:c No . , Sent.·~ of 20 12 Kerry Bu sh • • • OR l)IN ANCE NO . Sl:R l l::S UI !U l 2 IJY AL-r HOIUTY OUNC IL l31U NO . le I TR ODUCED RY COUNC IL MF.M RF.R \VO Ol)W ARD AN ORDINANCE AU TI IOR IZ [ls G AN Al'PLI C1\ TIO FO R AND ACC EPT ANCE O F ··CO L ORA DO EM ERGENC Y MEDICA L AND T MUMA SERV ICES (EM T S) PR OV ID ER GRAN T'" BET WEEN T HE CITY OF ENGLEWO OD. CO LO RADO AND Tl I E ST A TE OF CO i.ORA DO . WHEREAS . lhe C01<,rad 0 Emergen cy Med,c;,I and Trauma Se rvices 11:MTS) Pmv,dc r Grn nl program rn 111 1cndcct to :i ss is1 publ ic and privmc orga n;7~ll1 ons 111 m..i mwi r.ing . impr oving and expanding the cmc r~en cy med ical and tmu ma scrvicl'S 1n Co lorad o: anc\ \V J IEREAS , th e Ci1y of Fn glew,1nrl ('olrir:1dn . dt•i-irc•i;. 1n ap1,ly fM 1lw C'0 lnrad 11 F11 1~rgc:ncy 1cd ica l and Trau ma Serv ices (EMTS) Pro vid er Gram fro m 1he Stale of Co lo,ado 10 a ss ist wilh the pu1d 1,1 M.: ul" High l'l am:, l.11 fv . :n.1 11 011 Sp1lclll!) · Ph )'!t luCuni rul L1 f.,;P tJ ~ 12/15 lr1lcrfa cc so ft wa re: and \VI-IER.EAS 1he Ph ys io('cm trol L1 fcPa k 12/15 interfa ce so lt wa re \\'I ll gre:i1ly cnhan c;l 1x1t icn1 outco mes; and IV II EREAS . if the C11 y is gran 1cd ;he Co lorad o Emergenc y Med ica l and Trauma Se rvice s (E~ITS) Pro vider Grant, whi ch 1s a ma1 ch111 g f)n.1111 requi ring a mini mu m of n 50°,o mruc h. 1hc Cii/s shar~ will be S l.950; NO W. TH ERE FORE. BE IT ORD AINl:IJ BY TII E CITY CO UNCI L or THE CITY OF EN GLEW OO D. OL ORJ\00, THAT Scc 1ionl., Th e City of Eng lewood , Crlora Jo. 1:i ht!re by au th ori zed to iik an ap pli c:nio11 fo ;- lhc Co lornd o Emc r~cnc ) t\lcd1ca \ and ·1 rau nrn Sc r\'kcs {EMT . ) Provid e; Gr:mt progra m fro m the Strlic:: of Co lora do . .i tt achcd heret o :is Ex hi bit A Sectio n 2. Th c:: Fir e:: Chief 1~ :.uth ori:t.cJ lo sign all necess ary doc umcn ls fo r the Co lora dc, Emcr gcm:y Medi ca l and T rn um a Scniiccs (EMT S) Prov ide r Ur:lnl app lic:111 on for and oi 1 belwlf of 1hc t iiy Cn 11nc1l :in cl tlw it y nf Fne ll•wnod Sc(.:Liun 3. Th c Ci1 y Council of the Cn y of Engicwood . Co lora do hcr ehy a·Jthorit.C$ th e .ic cept:lncc of the Co lor;1do Emcr~c::n cy ~:l~dical :.t11d Trauma Scrv 1cci; (E\•ITS) Pro vider G rant snou lct i1 be aw arded by 1hc S1a1c o r Co lora do. Scc1 ion 4. Th e Gran, fund s wil l be awa rd ed from 1he S1a1e o f Colo rado and 1hc Ci1 y ·s maiclung reqoiremcn l o l S 1.950 wil l be fro m lhc Fire Depar1m c111 20 12 13udgc1 for "Du rab le Med ica l Sup pl ies" 9 b iii Se..:liu 11 5 Upv11 t1wu1 U uf thc Cul \ir ~u.lo Emergency McU1c al and Ttaurna Se rvice:, (E tvlTS) Pro v:tlcr Grant tb e Ma yo r is hereby authorized 10 s ign for n.nd on b:!half of th e City of Englcw,lod. Co lorado. lnl roduccd. read in full . a nd p::i,scd on fir st reading on 1hc 5t h day o f March.2012. Puo lished by Ti11t.• a s a Bill for :m ()rd nrn ncc in th e C11 y's officktl news paper on the C>11 tfa y nf M::irc h, 20 1~. Pul,\ishc<l ;1:,. ;1 Bi ll i~• :,n 01 d ina ncc 01: !h t: C 11 y's offic 13I .,.cbs!le hc g in mng on the 71.t d :1y of March , 20 12 for thi n y (30) d>ys. Rea~ by titl e and pa ss ed on li nal :cad 111 g on th,· 191h da y ot ~larch. 2U 12 . Pub lis1t:J by ;i1lc in th e Cit y 's o fri c i.i l n ewspaper as Ord ir,nn cc o . th e 23'' d.1y o f Marc h . 2012 . . Serie, of 2012 , oi: Puh l 1shed by t11lt' o n the C 11 y ·s o ffi <:ia i we-b ,;;11 t" be-g111:1111 g on l he 2 1 \I d;,y o f March .20 12 fo r thiny (30\ d:iys . K.andy I'. Penn, Ma yor ATIEST. Kerry Bu sh. Deput y C it y Clerk I. Kerry !lush. Deputy City Clerk of 1he Ci1 y of Snglcwood, Colorado. here by cert i fy that the above and fo1 ei~o ing is :1 lru c copy of 1hc O,dinancc p:is!-cd o n fi na l re.id in g and publi shed hy titl e a:-i O rd 111c11 :•:c No _. Scric,;s ur ~O I :. Ke rry Bus h • • • • • • Co lorado EMTS Provid er Gran t Reque st Close En gle wo od F re De partme nt ( 15 2 1) Agenc y I nfo r mati o n l. Lega l Nam e ot Agency : 2. Bus iness Nam 3 . Fede ral Tax ID: 4. Grznt Con ta ct : s. Ag ency Mailing Ad lress: 6 . Pri mary Phone Number: 7 . Fa>:: 8 . E-Mai l : 9. Compl~ccd by: Grant Opti on s l. OrQani za t ion Ma t e Pe rcenta ge: 2. ls t:1is a multi-or9;miza t lnn a l Ap pl lcat,on ? 3. Selec the counti es that this grant proj ec t Impacts: Date submitted : 2/l~/20:L Cn glewood Fire Department Engl ewood Fire Depa rtment 8 4 ·6000583 Steve Green EM S Cao rdl na t ~r 3615 5 Elatl St Eng lewood , CO ROJ l 0 3 0 3·762-24 75 3 03• 762 ·24Ub sgre en@e ngl P.woojgo v.o rg Steve Gr een NO Arapa hoe 4 . Pleast:1 desrrl he yo ur ove rall gra nt req ue st In te n sentences or less· We are re questin g grant assi sta nce so we can pu rcha se a software patch for our e lec:ronic patlen: care repo rt11 1g (EP CR) sys em. Ou r goal Is to Include field ca rdiac :r;,c•ngs as a part oi t he ~PC P .. Pap er copies of cardi ac t ra cing s are frequ ent ly se pa r ated from tr.e re st of the patient care rcpor: and are not availab le to 1n·ho splt~I care pr ovltl ~,s . 1T1clu din g it .n th e EPCR wocild allow ur. to ensu re tha·~ f1 e1 d cardiac traci ng s wou ld become a part of the 'Jatlent's permanent r eco rd. The desi red softwar e pa tch would al low us to upload f ,eld cardl~c traci ngs fro:n our UfePa k 12s t u ou, EPCR s ys t em. Catego ri e s Se\P.c ted Category Other Categories 7 ota l for All Categ ori es Total Pnce $3,900 .00 $3,900 00 Match SC% Ayency Amou n t a,1,950.00 1,950 .00 Std l e Arnount $1,950 .0 0 $1,950.00 A.mount Fun de d A Othe r Category Requec; · Ite ms RP-que s t ed : Quant1:y Descn ptlon Phys10-Control Ll fePak 12/1 S I nte rface Ot her category Tatel Se rvi ce N ~~d s: P·1ce Each $1,:i oo.no l. B--lcfly dc~cribe your proposed proJect : Tottd Price Peru~11 l Ma tch $3 ,900 .00 50 % P,900.J O Agency St ate .Amount Amo u nt /,IT'.OU!ll Funded $1 ,950 .00 $1 ,950 00 $1 ,9 50.00 ~ 1,050 .00 l h1s p roJeCt, the pllrChd~t:: o( the life Pa~ 12/ 1 S In terfa ce, wlll allow our pro vide ~s rn lnr.luc1 e e!ect roca r diograph tracings (ECGs) 1n u,~ eleLt ·onic patien: ca re report (EP CR). We use High P1ams Fire Manager EPCR software an d U rePak l L monitors. rhe: lnt~r fa ct:: 15 th e so ftware ngPdr:rl to allow tha t t ran sfer of Info r mation to t ake plac~ I.. E:xpla1 n wily th l!> pr uJeLt ~1 1ou ld be cons id ered 1n t h!~ pJ rt1 cul:ir cate gory: We inclu ded this proJect In t he ··omer " ca tegory b~cat..s c fl lt1d 1 ,ct seem to fl t In any oth er ca t egory. It Is c form o f data collect ion, bJ t not relate j to re~uired St ate of Colorddo Udl o. Th e project Is r ela ted to □Ll r cM din r moni to r, but does not meet the definitio n of durable medical equipm ent , as we un de:-stan d it. • 3. De scribe t he need for t his proj ect an d how It wil l benent Colorado 's EMS anrl t ra uma system : • Paper ECGs ore freq uen l'I not tre.n sfer red wi th t he patient or are lost during records tra nsfer;, prior to permarent storage . Lack of field ECGs can res ult 11 ths loss o f cr it ical info rmatio n, th? possll.Jll ll'/ t•f a i,issed diagnosis, a reduced qual ity or long -term ca·e a-.d a r ec 1Jced ability to evalu ate t equality of cdr e µ1ov lded. Our m edi cal dir ector , fie ld providers and au torn:'lt i:/Tlutual aid part ners are all in support cf ou r obto111lng this capability. ln!:i1.,;rance com pan ies are beg in ning to ask that field cardiac t r ac ings wil l be Included II ti'e pa 1ent ca·e report, as we ll. By rrov idl ng a higher level of docume 1tatl on, a higher level of long term care Is af for d ed the pat ient . 4 . List the sp ecific delivera bl es for tals project , 1n ciujing the parties respu11s lbl e fo r irnpl emf>n tat on and the propo::.ed tirne ll ne: The lmplcmcntat1on of this prOJCct wil l oe t hro11 gh the FM S Coo rdinator a,1d Deputy Ch ief'; offtccs . 1 111: h1t-::ifa ce would be pur :hasc d imrncdiatcl v o approval of tha rP Q11P.c.te d g ranr and t 1·ainin-, on It s use Nill be ,,ci ,edu e~ as soon as po ssi ble alter lnsto lia u or, wl :h,n 30 days . 5. Des cribe the ou tc ome me jj sures re.ate d to th e :lellver~bl ec;;.. Ho\/\ wl ll performance be mea~u 11:d? Pe r fo r ma nce will be measured on a percentage or c rd1dc tracings dlt ached rn EcCRs ve rsus ECG e ·1 aluat1ons noted in EPCRs . Du r target ou t com e Is that lUC'l', of ECG , µer fur11 1td will be attached to t he re laled EPCR . Thi s ev aluation wi ll 1rnt 1ali y be performed oy the CMS Coo rolnator and Deputy Chief, sub5e que ntly ::,y the Fire Oepartment's stan ding EM S Periormdnce .mpruvtment Committee . Long te rm oJtcomc improvem ent Is mo re d iffi cult l o measure, bul is con sidered hi gh ly likely In a pe rue 1 toyc or t he patients co ntacted . 6 . dow wil l cv.-?luat 1on resul t s and bes t pra cti cec:; hP. sh?.red, if appllcab le· • Our e va luatior r£1 sul :::. wil l b e share d thro•.igh the Den ver Metro EMS Coordina tor s and Medica l Dir e:t ors m t?et111gs tn ro ugh a repo ,t to Llt dl g,ouµ, c:!5 well 2s any other 1n fo rma t1on i'lf tntt. ·•s l tti::H rn av c.omt: ou: of ~v aluzt ing our complian ce w1 tr the target OJtcom t • • • , lllllld(lll LI\"; ,, :·1 1'\ 1liLI l I dill 7. Dc::.cnbc local support fo, thl~ project anc how th is support will ht:lp ensl.re ,;,:ucces!;f JI completion: A ette; fro m Ka,ser Permanen t e re lateo to th s need 1s ar.ached. Pr iority t:o U nd e rd e ve l o ped or Ag e d S yst e ms : 8. Expla in how t his ~roposed proJcc adorcsses an underdeve loped or aged componen t of Co lorac\o's EMS and t rau ma S\'Stem: Our UfePck 1 :!!i .Jrc .:ill .Jbout nine year!; old. We are careful to keep thcrr: well m ai nta ined, in part because of the ir age and high usage, but also be:a use o t11e critical nature of t heir lun ction . l he ca pahlilty of seeing =CGs In the f ield Is no t new, nor Is the des ire to t r ansmit o· dellvl'r tha t lnfonnatlon t o t he rece iving fa cil ity. Vie are, howeve r , well beh ind the sta ndard of care in the Denve r Met ro area for being aJle to at t act tliis informatio ,1 to pa t ient care repo rts. Co st Effectiv e n ess: 9 . Briefly des~ribe t e altern tiv es your tHJency co nc;lrlr>rcd ~nrl why rh1s I~ rhC" mosr .~os l effective alternativ e: Outslae ol t he cu rrent proced u re, the on ly ot11er kno wn a lternat ive to a software In te r fa ce t~ havlno a person assigned or a procedu re estab lishe d to create a scan 1ed elect ronic copy of the ECG and manua ll y attach It to the approp •iate pat ient care report Th ,s wo ulo be a very costly, timc-consumln alternative an d has a sut,stantia l potenti al io .. l une d elays a nd errors . 10. Jf app lcable, briefly describe t h e process used to se lect the ven do r(s): Thts l!: a so le source proJ ect . We have l o u5e our :urrent EPCR vendor to pro·,lde t his interface 11. How will tnls project be susta ine d flnanciclly in fu :ure years> There are no known costc to su sta in tris project. Software updates are planned for as a part of mai ntalnmg !he basic EPCR ;ystem . Appli ca nt'5 qu a lifi ca t io ns: 1 L. Exp latn ho w adequate resJ urces and experi e nce dre availab le to ~ elp ensure success ul comp letion of t his proJ~ct We have the hardware · 01 EPC R sysiam :n µla ce to all ow succe,;sf ul installation of the 111tt:1fci...e. Wt! hdvt: µE:r::c -,n~I e>:penenced in th e use of the Hl9.1 r:a tns [PCR sys tem who can teach provldc-s tc use the 111terfacc succes sf ul ly and we \-.ave t\1e personnel in pl3 ce to eva:uate whethe 1 or not we arc mee t ing our t arget goa l of 100% compl iance . J 3 Explain how the appl ica nt's qua lif1cat1ons w\i 1 he lp ensure long te rm sust2,nab lllt y of this project: We have been provi ding EMS service s for about forty yea~s. Our fie ld providers are Ceco rrn ng m,re and more astute regarding tech 10 \ogy and are easer to manta in a cu ting edge, state of the art tM S s·1stern. It Is also our feellng that , 1n the near futu re, this capability wil l be con sidered a mirnm un standard for providers obtairnnq ECG-in the f 1eid of EMS Sy st e m s lntegratio ll : 11.:. How Goes t his pro j ect improve sysrem co mpat1b1 l1Ly and/or reduce duplicat ion' • Ou r adjoini ng age n cies already havF. the ca pab ility o f attach in g E::Gs t o EPCRs. r a,s project ....,ou ld br1r.g OJ r capabillliec in li ne wt t h the irs, In th is ar a Fi m111cial N eed : J 5. Exp aln w"y your o rganizatlor needs gr ant fJndl ng l o co rn pl,ite t ,,Is proi ect: A:, rio ted In our fina ncial sta tem ert, the City of Englewood has had, at bes ~, a flat re\le nue stream ror abo ut 14 yet1r!>. Tl11s hds made lt extremely d ifficul t to main:a 1n our EMS sys te m in ge nera l, much les s as s:ate of the art . Our rclu1 non EMS bllh ng, betwee n 75 a nd 3 7n10, reflects t~,e cr,allenges th at come wit h that fla t reve nu e strea m. Our EMS serv ice has been req uired LO resnrt t o grants t o fu nt.l s u ch basics as ao pa ratus replace ment and equ,p;nem pu;chase, becau se c f a la ck of avai la ble f unr1s in the City bucgel. 16. What w,cld happen If these grant fund s we r e not se curetl? We hrtv P rP(lucsted funds for th is Interface ro r a l least five conse:ut1ve yea .. s. without 5uccess . J do not see c,at outcome cha n,Jing , If l he arant fends are not seccred fi l e Attac hme nt!. 17 . Upl oads -vend,r ~uote required, letters of ~u ppo rt reco mmend ed: l(a,ser ECG le t te r.pdf LIFE PAK 12 -1 5 I nterlace Quote.pd! Organi za tion Profi le fo r Eng lewood Fi ,-e Depa rtm e nt Ory;-in iza ti on Datil A, Agency/ Faci lity I nformation Lega l Name of Organi zJtion : ID Num ber: Profil e Y~ar: Submiss ion Date: 2 . Doing Bu siness N am e of Orgil niza tion : 3 P h y..,1ca1 Address: Eng lewood r 1re L>epartmenL 1 'i7 1 2012 1/jO/ 1.01 L Englewood Fi re Dep2rn1~r.t 3G1 5 5 ::1at1 SL Eng•e wc,o d, CO 801JO • • • • • Phys ica l Co unty: 4. Mail i n g Add ress : 5. P erso n F illing o ut t his P rofil e : 6. P rimary Phon e Num be r : 7. F ax Ph one::: 8 . E-Mai l : 9. W e b S i te : 10 RET AC Affi l iated Wi th : R, Org a nl utlon lypcs Arap ah oe 3615 S El ali St Eng le wood,(() 80 1 10 S eve Green 303-762 -24 70 303-762-2406 sgre en@englewoo dgov org englewoodgov .o rg Mlle-High l.. EM S Response: YPS 2. Me dica l Facility : No EMS Edu cation Pr og ram: No 4 . Co unty o ffi cia l s is su ing am b ul .i ncc No l ice n ses o r County EMS Counci l s: 5 RETAC : No 6 . Ass o cia ti o 11 / Fou nd a t ion / Ot h er: No c. Se rvice Arca 1. I n on e or t w o s h o rt r,a ragra ph s describe th e ge ogra phic ar ea se n •,ced by this organi z ation: The City of Enqlewood Is a f ull serv ic e city of about 32,000 re slde 11ts in an urban area of approx lm~tcly 6.4 ::;qwire m ites , located between Denver, Littlet on, Sheridan and Cherry HIii s. Housing Is about half rental and ha lf owne r- occupied, rP slrler.t demog ra ph ic is described by the US Cens us as ··~o we r middle inco me ." The ci t y is t raversed by two h ighways ,~at ar e also haz-ma t trari~pvrt:'tion rou tes, US 28 - (Hamp den Avq and US 85 (Sante Fe Drlve1, heavy rail c;.rrylng about 44 fr~ight trahs a day, and :1 ght r ail. F.r1 glewoo d Fir e Department p rov ides the city with fl•e protect1 01, EMS, bulldl ny cmd fill! Lu Ll e enforcem ent . public educa t ion, fire and m edi ca l ,,,l ated trainin g and other sa f ety re l ;ted services , lndudlny Leu 5e al in spections a nd CO detector 1n~:tall ation . Tht fire dep.irt mc nt con~ists of 5 1 respo nd ers and 5 su;,po rt staff. Two ambulances are equ ippe d and staffed for 24-ti')Ur a day, seve1 d2y a week adva ,ced life support ca r P an d pr ov lne full t ransport services . The fire departrr ent r esJonded to 4 ,15~ call 5 for servi ce in 2011, with 2,7 52 na:1°nt contacts . Abou t 85% of the 2,346 patients t·an sported 1n 20 11 were re s1de nl s of t:1 e o ty . O. Fund i ng The i1 re depar:mt!r,t 1~ fur ded by l he c,ty'~ Genera l 1-urCI . The 1:i ~J onty or revenues for :.h is • f und a re ge:1e~dt~1 r,om sa le5 tax es. Ambulanc.e transport ree s yo to t he General Fund, ~nd do net d irectly benent LI ,e fire department. rne EMS bud get Is for expendable an d d•Jrab l c med 1c el sup p11e~, d 1arge5 fc.r pa~icn l b ill m g u nd t r ain i ng . l. Is thi s nrg .=rnization inter ested in Yes E MTS s~ctlon funding programs? EMS Conta cts A . EM S Org<w iwllon 1. EMS Organiz ation Name : 2. Licensi n g: Is this organization;;, county licensed ground a mbulance service? Is this organization a Co lora do licensed air ambulance service or c urre ntly applying for li ci::11 sure? o . EMS Service Diroctor 1 . Dire ctor's Name: Job Title: 2. Mai l ing Addrcs~: 3 . Primary Phone Numbe r : 4 . t:-M ail : C , F.M S A lt crn :>tu Con1 art 1. Alte rnate Conta ct's N a m e ; Job T itle : 2. E M a il : Eng lewood Fire Dc:paItment YPS No M1ctiael Pattarou.1 Fire Cn l ef 3615 S Elatl 5t Ena le wcoc, CO 8011 O 30 3-71i 7-74el r-ipattar012 1@e ng\ewooriC)nv .org Krchard Pe tau DeJuty Frre C11 1ef rp etau @e119le woodgo·1 .org • • • • 1. M edica l Di rr.ctor's N ame: 2 M a iling Address : P rim.=.ry Ph on e Numb er: 4 E-M ail : 5. Co l orado M e d ica l Li cen s e Numl>e r : E. EM S Dut.i fH.lrni nist ral o 1 EMS Oat;i P '1mini!;tra t or N ame: Job Title : 2 PrlmJry Phon e NumlJe r : E-Ma il : F. Em ~rgencv ?.A Hour Con tact Em e rgency Contact Name : Job Tit!':!: 2. P r i mary Phone Numbe r : 3. E-r,,:ail: Services a nd Stru cture 1. Orga ni z ational Stru cture: 2. Corpor 3 t~ / Tax Status: Government 1 ype : 3J. ls this EMS s<"J rvi cc c~t:-ib l ish ed as a governme nta l enterprise o r e nterprise fund ? 1b . Indicat e the Typ e of Spe c ial Distric t for t h is EMS Service : 4 . Fundi ng Type s: J. Bi lli r-g Me th o d: 6. Primary service p r ovided by you r EMS Orga ni zation: 7. Othe r ser vices provid e d by you r EMS or ganization. 8. What l e vel of p rovid e r crl n your se r vi ce se nd to EV ERY call? Dy l an Luyt e, c/o Heatlh On P c MS 300 E Ham p den Ave Suite I 00 En g lewood, CO 00!10 303 -78e -6B19 dluyte n@mac .com •\0919 Steve G·ecn EMS Coordlnalor JOJ 75; 2/4 76 sg r een@eng lewaodgov. erg Dispa t ch Dispatch Englew ood D i::;patch Center 303-762· 24 38 Fire bnc;P.c1 governr.ient Mun 1c1pal · town / city Mo N/A U!,e r I ., Ta x r, ,,ng / M,11 Levy, grant Contract Servic12 Sce ne response with lre1nsport Sce ne response wilhou:: tranc;port, Rescue, Haza rci ou s Matcrlals Rc:,µu, 1!:,~ Pa r amedlC • lllll1,HI L..J VI,, l'I~ h.1:..1 1,,,:,H\I Pe : s onn t!-1 Ca t gor y 1 Fil st R.esponoer 2 . Em er gency Med ic al I ect1nic 1an (EMT ): 3 . /\dvanced Errerg enc y Med icr1 I T ech a1 clan (AEM 7 ): 4 . Intermcd,a:e S. Para m edic 6 . Nur !:.c /. Ph y sici an 8 . Administ r ati ve/ Ocner 9. Fu ll-T im e Equi va lent Co unt R c qu c!.ts for EMS Scrvi cP.c. A. Request s for Se rvices 1. Emergency Response with Transport: 2 . Interfacility Trans ports:: ::J. Emergency Responst, no T ransport: 4. Emergency Response Care Transferre d / Transpo rt by Other: Stendby: 6 . Cancelled Call s: 7. Tot al: 0. EMS Financial Resource s 1. Total Annual EMS Buduet for t hi s Organiza tion : 2 . Total Annual EMS Charges Bill e~: 3. Tot;,I Annual EMS Cha rges Collec ted: 4 . Cru d e Co ll ection Rat~: Cou nties Li ce n sed ln 1. List ull cou 11li~s where this agen cy is li censed for Ground tran sp ort servi ces: r ull T ime 27 24 2 ,346 Jn o 4 U 2 ,7 66 Part Time $65,nn:i.oc ~2 ,0 .!8,6:)7 .00 $57 1,8 98.G0 20 .19% Volun Leer lota t • 27 • • • • • Ve hi cles un,t Ma<e / Mod el / Year Box Make M1leaqe Equ , ,,ed All Type Bcugl1t Rep l acerren l Numbe.-F0r Whee l Kk s. 182~ wi t h Year Drive EMS •unds 6482 Ford / E-4 50 / 1993 W hee led 79,82, Al.S ll 1 201 2 Coach 649 1 Fo rd / E-4 :0 / 200 1 Mc Coy MIii er 85,369 ALS II I 201 2 65 00 i ord / l:·4 50 / 2005 W hee lec, 5"',6 0 1 ALS llI 20 14 Coach EM 5 Gro und Dem og r ar 1ics A. Demogra phics or Se r vi ce Aron for Gr o und Trans 1mrt l. Popula t ion Den sity / Urba n lclty: Ur ban ? Employme nr· Type: ?a id 3. Number of stations f or this S ervice : 3 4 . Av e rag e Ca ll Time (Di spatch t o 4 2 .00 m inutes Back -In•Servi ce : ): 5 . Average patient mileage per 3.60 miles transport: 6 . Total square miles of you r prim ary 7 service area (land S. water): 7 . Estimate d p e r m anent popula ti on of 32,300 you r primary service ai ea : 8. Popu lation Densi ty of Service Area: 4,£14 .~Y B. Svstem Participation 1 . I s yo ur age n cy Na tiona l In c id e nt Yes Ma nagem e nt Syst e m (N IMSj complia nt ? C. EMS Gro und Uilling R.1t es B LS Em erge n c y -H CPC S Cod e AO4 29: 2 A I.S Eme r ge n cy -HCPCS Cod e A04 27: 3 ALS Level 2 -H CPCS Cod e A0433 : 4 . S p ecialty Care T r anspo r t -H CPCS Cod e A0434 : M i l e ag e Rate -HCP CS Cnde ,0425: $725 ,00 $725 00 $725 .00 $0.00 $12 .00 !-undlng Infor 111 o:1 l i u n Legal N a m e o f Organl7a rion: Ta'.X ID Number: Grant M,'.'ln a9cm c nl Contact 1. Grant M a rrny c m e nl. Co 11t act Name : Job Title: 2 . Maili ng Ac1 dress: Primary Phon e Number: 4 E-Mail : Au thorized Offida l 1. Name of Authorized Official :,·~•e to s ign contrilcts: Job Titl e : 2. I s the Authori zed Off:ci a l ~h e chair or president of th e governing boa r d for this organization? Filw:1 n c iat N;.rratives 1. Briefly Describ e how this organization is fund ed and why it mLly requir~ EMTS grants: 2. Briefly desc ribe any affi liations or pa rtn ers hips thi s organization has with any parent or subsidiary organi z ations: 3. ril e attn c hm c nts: Pas t Y ars Grant Hi st or y Yea r CL1t egory Engl ewood Fire De partm nL 84-6000 83 Steve G rc ~n EMS Coordinator 36 1 5 S Elall St Fng lewnod , CO 80110 303 762 2 4 76 sg,een@engle woocg ov . ury Mi c hael Pa :tarozzl ] ',I ~~ t, t I I I P!eas:e see th e N:cac hed Financial r\arrctlve . N/A. FY 2 0 13 r 1v 1:1 r1n l n nrrn t1 vP .pc!f Total Stal P Amount Requested Funded AmoJnt Spen t 20 1 2 Am?c la nce a nd Other Vehicles $1 75,000 00 $8 7,500 .00 $72 ,0 00.00 $0 .00 201 l 2009 Ambulance and Ot tier Vehicles EMS and I rau ma t:qu1pmem $163,047 .00 $47 ,209 .52 $A l ,523 .S0 $2j,60 4 .7 G $77 ,o7 ~.oo $9,27 0.00 $0 .00 $9 ,27 0 00 • • • • • • l 111~iri1•.I (• ,._,..,,I'\ ·n,•.'ll ll'r 1.,1:111 , Ad d iti onal At ac hm ents w 9 , Vendor D1sc los.ure anc Attesta tion : Close Gra nt Atleslat10",pdf Ve nr1 or Disrlor.ure Sta t mrnt.pdf W ·9 .pof r .. ·, : ... \. A lll hu :,.ict• I lt·p ant11 \·l1l I ,.,. Enylew ood F re Dopa r1n rr.n1 361 5 Sou th Ela•i .~1,aal 1=ngle wood, CO AJ l 10 M;-uch 3, 2011 To: Oon..,or Motro EM S agencr0 s Pati e nt Ca re Record s Request Tlie Ka ise r P:11 ,11H111:m10 Car-:!io lugy FCJ llP rccogruzc:; tr,:il 1·1c1ny f>.31l~n l ~ w1 !h vanru ,i::. r..urlinc 15S \JCS are 11ea:0d and tra ns poned oy EMS , a nd, Db i:l 1esult ul 111H d pp ropnate ca re p1cv 1d cd Uy EM S cre wt., 1he car:l1 ac co mJ 111n n 111 A pn 11en1 erp onon::ed ru ior to am val al tne ho5pita! t1as beon adt.lr~~::ie:cJ . O f couts-3, lhP 1n -t10!;p 1tal ECG ,ooding s d o n ot rs1lec1 !he cardi ac ccndlt1:m Om membe r ex p erienced ,11 lh~ pri::·h osp1;al settin g This in1orma1ion ,s ex1,e mely im ponant and occasionall\• essen11 al 10 lhe Ph ysicia n s 1rea11n b the pn uenl • Because of this. Ka1b t:'.H Perm i'nente's C o rd1 0 ogy grouo le rocues\lng tha1 nll E M S ngi:Jnri es includ e coplos o l any and • al1 ECG :ra cings be s u bmilted w •lh tllt! PCR when subm i:1 ing clrums fo r p,,ymcnl ancJ proc or.sm g . We w ou ld ap;:uec1ate tll•s vory much It will c c,n tr1bu l~ to lhe overall quality Jt pallent t.:cJie , t.i hii.;t1 is 1nr iat c ::t by EMS c re ws 1n the fiel d Sl1uuhJ ~u u l·ave any q ueslions, commcnl :. o , conce rn c 1ega1 d tr 1g K~1sur P,:,rma nenle m embers . 1 am a lwt1ys 91 your service . / ' T hank YoL , 1/ ·l /I ~-r , -.. / /1 ,,/ _./-'/J;/{,,;.{./ .,, .. j ....-/" f ,,..1/ ( ·---- Samue l U vY1lso11 BA , 1-.i RE!v'l i -P Amb ulance Li aison Ma dical Se rv ic es W.anc1g em enl K a1 so · Fo un1t a11 on Yc-1 ~ll h Plan Col::mi d :> llcg1:>n 0 1\icu . (303) 6 36 ·334~ l'agor. (JU~) 203-32 C 1 Fa> .. (30 3) 636 3350 ~am11nl d.wilson @kp c,rg l,,11•.('I h 1t11 hl.11 1111 • I I L,dtl1 l'l.11 1 ,\11 1h1d ,111 ll' l k i,;11 1 11 1~·11 ! 2 --;:,11 :-,',-.11i 1 t •n:. · i'.,,,11! 'u11 ,· 1/ltl -"\1 11 I":: \ 1d 11,,1,ll• ~• H I ,; • High Plains Informat io n Syste m s, In c . 646":> Greenwo od Plaz a Blvd ~ltt:?1025 ~nteri n,al CO 801 11--1905 Voice . (303) 72 1-8100 Fax (303) 72 1-8 199 ~Q1f@@.lt~£~J~t"{J~~"1\W,:f~~~i r~~,~~~ Engl ewoc:I Fu r: Dcµu 1.1 11 un : ! 36 15 So ul/, Ela11 S~ee l "nglewood. C::> 60 I I C I _ _, Quote Nt.:mber 09-076 Quote Da te Mai 24, 201 1 Page 1~1if4g111f,12Y~~~~~f¼W~1Jt~~~w.:\~~F.~J'l'ii\i.~PF1-6'.:"tf~~~~ffi~'.l,1fi1~~ I 1 00 P hy slo Conlrol LI FEP AK 1?J 15 l nlcrlace 3,900 .00 3,,00 .00 ' •------'-----·---l·-Sub1 01al __ J:··----3-9_0_0_0_0_; £a les T a r. I TOTAL 3.900 00 ; 1. L~g al Name of llge 1 ,cy : 2. DB/" tl.J:->1119 Bu~ine.s s AS . lf Applicab le: 3. Feocral l ~x IU l'\J um l)er '1 . Grant Conlil r.~ Person : Authori2cd Ag e nt Engl ewu~1U FIi e Departrr 1e n : f.11y lewoud Fire Dc:oarlrncnt Os 600058 3 St~v~ Green [MS Ca o, ol nmur -h~ 1nd lvIdu a l who~t' 11 d 11 1~ and si gna ture uppc.:11 b elow , ha s bE:en rlr-•c;uJnat-P1 lV Lhe age ncy/orgon izatlon ,see □ abov e a:; u1 e Au :t,orlz.ed Agent to cJ mplete nnd sJbrrnL tl1ls an-m1 app\tcet,on o n Ils b el1 a lf. The age n cy/org arnzrrnon dSJ I ::=s ~ci co rnpl y .,.,iitl1 the r u les ilnd re:gula t lons gm.1ernmg ~he Ste1 te o r Co lo rad o EMT 5 Sr ants Program concern ing y 1 c:Hlt I E:(ltiests. Finan ci al Information T he Authorized Agent attest s to the dge ncy 01 or9~n l rnt1on's abi Il t y lo p rovide t he rnalchintJ s. ft .,as C->O %, 4 0%, 30%1 20 % or 10°,o) t o com plete the :,urt:llcse or the gr:int t1wnrd, !.1 c,u ld t he agancy b f' aw ;,--d ed state (\ind~. • b. Th ~ Authorized Age nt is awa r e t ha l EMT S vehl cl e s and equ1prnen l p~rc hased must b e wlthoul • any fi nnncl nl llens and wl h out t he l l em being use ::! as co llatera l :o secur !:! .::1 lon11 uf dn)' i-.l nd. The O.uthorlzed Agen1. attests trial, to the bes t of his/her kno w let.lg ~, Lhe l nfcrmat,on contomcd 7. herein, with regard to t h e Agency's fina n c!cl co nd tlon, 15 true, a:cura te ;ind co r reclly 1e ne cts the fl no n ciJI co ndition of t he age nry/nrganlz.atlon · NotificLttio n of Affect ed Entit i P.s By signi ng below, th0 Authorized Agent also atiest s to t h e lact that: n,e a£enc1(1es)/organ,zaUon(s) aff ected by tl1e possibl e outcorr.e of th ,s gr nnl ,eq ues t, 8 . Including but 1·01 l imi te d 1·0 age ncits/organl,at,ons hs :ed in t l11s a pr llcarlo n If I: Is " , ,1 ulll· ogcncy ap -:i ll c.1t ion, has(n ave ) beeri notinPd ;rnd h~s(ha11 e) r1greeo to It s su b1111sslGn . Ar,pli c;mt. Duties :i nd Ob lig ,1 t·ion s Should Fund ing be Awa rded Should t he ~92ney/c•r gan11a t ion listed In tllis i'lJ pllcutlon receive tundl 19 un e1e r th!:; w,m l a prHca t lon, the age ncy/ rg~n,zation (llPrelnafte, refe r red ;o as "~rantet'') sl1all , and atf.rr7l al1 ve ly promises Lo , cu 11,ply w ith all of the provl ~:aons set forth bel nw 9 Tt e y1 anlee shall use grJrt funds rece ived und2r t hl: ~r.inl to co m pl ete all asre..:ts of lls grant appl 1ca t1 u 11, dll d sha ll no t use such fu nd:; for pt ,·poses o:h~r t i an this . l ht: grant~~ ~l 1dll su oml t quarterly progrc~5 reµorl s to the Co lornt1o Departnent of Pu b ll c 1 O. Health and t:nvlro nmenl, EMT S Category (hereinafter referr ed t o as 'thP <:;tr11·e·). J l . Requ 1r emcnt5 fo1 l r d 111 l 11g and [d u cdlion Cr~n ls f-0 1 any t r ai nt 1y or e d11cnt1on --e quesls f unded from l h,s appllcation trc-(irEm t ee shall ccrn1 pl'° with l llf:.• lollowm g Lerrn .5 ct1 1cl condl:lon s: • • • • f•.ern1b11rs c 1n1..!f\l hll ~11 lr"d/f:I e,.µt--11 :it:S ct5!.CJC1c1l !:. :I Nitti tlit tr r11111•,g 01 E:Ch 1Cil t ror1 µ::1q 1,111 /, ~1 101! .,t: 11 1o d1. ,rt ac.co rdoncc. 11:1th :l it th~r• rL,r·ent stat E: uf Cotr,1.-1d r, 1c••irn b:irse-ric.:n t i·a~t:!, fc,, trcJVel ~s c.reof,l!'ii in lhe F1:,crt l Ru!r='. or l ht sta:c ol Coloracm. Written ~roof or Lhe $UCCe~sfu l cornptct:iori of r:ny tui in.ng or C!ruccuona l p:c,arctn 1 shc11I !)P B. SUblTHtled ~l t l1e Scj l llt: U11 1e ?,!, the-11wo 1ce rcQ.J~'.:.tHlg rci mbursfn1(:!ll l i:JI t hal t·r~lntng lll educc1t ionr1 l progra m . C... P·om ,l l.1 ll ll n9 at t11e erid of €:iJCh quar.er u, !;C:111F-ster 1f. expe::ctr·d . lf the 9ranleE-prov i des a t1 air ,r,g v, educ2t1,,11al prngrarn, tiler t11e gr c ntE:e shall D . a:l<nowlej~IC l11(' JSt r,f emen1e:1q• 111':"rllc I c1nd trcium a s~rvlcc r, ucc:ou nt g1it nl f u r de. 1'1 i 1 I publ:c ~;crv1<.:e a1111c1unce1 ~n ts, progrctrn an~1ou nceinents, 01 an~ othet pn nt::!d mat "rldl usr.d fo r the purpose of prornoti11 g or od vt:rt 1smg t 11e trci l nlng or educdt1011dl p109rnrn. Jf l11e grr1n t cc provl rles a l rn lr lno or t:Clucauonal program, Lh t:r t i it grtnt et: strnll develop ( · :~~~~t:11~~1~ pcr~~~~~ev;l~~a~l1~~t;i 1s~~a~!~~~~ ~11:o~~eit~17 1~~~~u0:L~~~1 r~~-~~: 1;~o0 ;.hc Stet e upon c:omplct101, of t he Lrdlrtng 0 1 e.:l uc..111ora l r ~uyr Jm J 2. Re qu iremen t~ for ::q u 1:>rnem t,r,::inl', Fn, ~ny cqulpm~~11 t pu rrl-.<1'",~c; fu 11ded froin lhis applir.ctt 1on, the grantee .:o hcdl ci,mplv v:ltl) the i·o:1o w1ng requirements . A. The wan:ee st1all pro·J1dt tht:: stat<:: with written docu111ent:lt1on of the purC.hi1~e o f the s;,1:'cltlcd cqu1µn1cnl . /..II comn-urnccttio'1 !: equ i pml'rl shall bP puchased from the State a wurd fer cumm unicat1 on~ equipment, or from another v e nCor for ct comp rable pnce a r d qua l ity, If the g ra ntee u~~i1 es to purchase co:nmunicatlons eq ul pr,,ent whi :h is 1101 listed 0:-1 the ). State award :hen the grantee must complete, wi t h the Slate 's assis t ance if needed , an 11iornal competitive so lir.itatlon process be f ore rurchas 111g t ha t e quipment. If o rornpr.tlt1ve so hcltatlcn process 1s us~d, then the grantee shall pu rcl1ase the commun catior,s rquIJment from the owest tJ1dder wh ose bid meets the bid s pe::c1fl cJ·.10n~ If the grantee d es ires lo p1Jrchtic:P f'm~rgenry_ve!-icle!i o t he1 tha:1 a,'71bu l ances, then the grante~ 11us: complete , with the State's ass istance If needed, an Infor ma l compe 1tlve sollC ta I.ion p-oce~~!i Udu1 ~ urchasing that eqJ\pm cnt. The r roposed speciflr.;ttlons for C. these emerg':.ncy veh icl es must be a pproved oy l he State prior to the 1n1t1:1tion of the inforrnc11 con-petlUve 5o ll clrnt on process. II a compeur,ve sol\c:ltclliu11 1,1 c1~L:ss 15 used, then u,e grant ee c;h rill p11rchc1se the emcr9ency vet1l cles from t he lowest tldder w1osr bid meets t l1e bid specifications . :r th~ g r dntee desires tu pu rct1us1: medteal equ ipment, u,en ll e: granlee rnu::.;l complete, v,1 1t h the Sl dl c's assi~tancc If need ed, a n 1nfU1mat torn pP li1 1vP sn llcltauon Jrocess before D. purch as ing t1at equipment. If a competlt ve sohcllatlon process is used , the n the grantee ~h <,1 1 f1 lJ1ChCi!><: tl'e medlca l equ,pme nl frnin rhe lewe~t LH ocler v1hose bid meet:; lhi.:: bid :.pec dic.ot1on::. Dunng the in l lal terrn und ony rtnewc1 1 or e,:lens1on re rrr of the contrr\ct or pu r cl1cse orde1 Issued to convey f unding to t he grantee, and ofte r t e cancella ~on, tcrmln ctl u11, 01 C. e>:pu...i t lon cl•i tc or ~a id contract or purct1as,., nrrlr--r, t ile orantc:? sli a l l acq u ire and ma!ntdm pe rson <1 proper ty casua lt\• ,nsu r ance for the :·cplatcmenl value o f all equipment It purchC'i':!S u de, t h 1£' grnrn for ti~ u~dul ll fc-: of rh al purcha:..i:d e q urp;ncnt. I he 91 amee slia I l<e-::µ 111ve1 Lt.iry con t ro l I ecc,rc ls fo 1 LI il cqu 1pme nt ll pu rchJse-s l he f. orantt""f: shrill obtain the Dno1, l•1,press, \ ... 11llen cc1r1sP nl 01 l11eSt.r1 :.e 1.J~lor•~ re ,l 1caLi 11 ~10 1 ,~uiic,cr1l 111 0 ,11w equ ti m cnt it p u r,::ll a::,~~. Tt ,: 9 1,:in lc.:1. ~1•,<"fl ir:,v,de: :n:: !:>Lalt w 1tn a :.nclt.!r(' cu t:d t.l, p ~H.:L· or tquq•1• t'lll 11 G µu r thi,-,~(2!:, Tit".:! y ra ntec m:tv s.1b mH cl plclLlf[· O! LI t)Lf:'C.(' ul purt:hct~r-:d f:'(f t ll!)l11C:11l at dfly :Imf., ti ul In 110 event r10 lr.tcr th en the date the 9,.ar 1t t:e's f 1n <1 I proyre:.!:t rcp)1-: 1$ cll 1e :o :h;, Sril!f:. The ornntee shall rna mt~lf, all ec 1prnent ll p•J r chase!:. In good work in g order, norm al wea r ~rid l ear f'Y.r:r rl ed. The gran1e e sh all t.1t 1iorm n1 1 necess ary mai nten ance serv1 ::es for a ll e qv1pme:nt ll purchase~ In ci lnnel y m ci n ner 11 nrl In nr.rordanrP. with e1I I H . 11anu factur er'5 ,peclflCiltlo ns an d ell ma nu f~cturer's warra nty requ ,·em ~nts. n,e iiranlee Slld l k e cµ dduth~t . .:1f 1tJ tH.:LLJtdle rec ords of all rm ,lntc.:11anc !,;C r v ,,:.c:~ II pc.:rf or m~ 0#1 all equ1µmc:nt ll p ur c llrliCS. The grc:rntte sh all repcur u, ,c:p lr.H.:t:! r,,d purchased equ ipm ent wh i ch Is dDTliJgcd , I. destr o\1 ed, ICJs:, ~LO lcn, o r In vo lved In an y 01.he1 fu11 11 or cas uall'y. If t i 1e gro11tee ce a ses ro prov1tJ~ L:111...:rg1.-:nry med1:nl mi d Ln 1um ~ servtCL~ rn the sl ut,:# of :olorado, t he n 21! equ1prnen: purcna5e d u nd er t his grant sl1:1 ll e !tlH~r l,e µl dc~d with ~m other or,er ct ~i r.g emergc:ncy m edical se1v 1ces prov id er ir1 me Sta l e o' Coturdd O, or ~,e c:n lrl nr rm bl ic t.HJr.b nn ro, Its t hen fJ ir ma-kc~ va lui;:. 1·hat po"tt::m o f the sa le pn:,cei;do:;; J. which e quals Lhe State's Ini t ial fi nc1n r la l cn ntr lhution t.:,wtird!; the purc,ese of t hrtl cqulp r-1 t:n l :.hall be refunded t o the Stare I>\' t h e 9r~ntee. T hE-o r a,r:.e c:h ~II c,hr~in l'lw JI 0 1, e,:prt·ss w ·itten co11!:tent of Lhe S:LJ l (' p n or t J an y ra locatlan or sale of a ny Jl1I·c 1,a s<-!Cl e:1u1p1nent . Autho r ized Agent J.J. /\ame 14 . Title 15. Daytime. Phone Numbe r l b. Date l 7. S ig nature of l:\uU ,orl z~<J /,gent Michae l Patturuzzl Fire CH,c f 303-7 62-2476 • • • • • • YE.NOOR VI SC LU 'URE STATEfvfENT Co 11 1ra ,:1 J'e rl<1rm11nc c O ul sit.lt t h e U nited SWtc s or Co lo ra do C ulu ra cl,, f(cvi ,ecl Siultl l e 14-10 2-201, ----------/uJ,,._ ,--) -,... r \1 01C1Cll il :,r:i•:· __j.7 _l::!./.~_,..s-..--/~-, , ,,;..~ ____);.,,_~__6 ,,._ The 1n·n,1u1 l·u 111ph.·li1t ~ lhi s for m ~hould tJL· tht h11 ~i 11c l)S:1 l'n :s id cut , H11:11·d Clrnirp cr:-.011 , Cum nt cl ':-. Authu ri,.~·rl Si~11u1 or_y ur th e.: P11 n li.2 ::,c U rch-r':-S1:i h ·n1 t:11t 11 1 \Yori< S i;_!n ut a r~·. Thi s frnm ;h.dl In: c;inpl~lt:tl i-4 1 d rcturn cl1 lo th:: ct1 11\ft1C trng :igcnry. T 111?-. itpplw ~ tu t1il !.W it co11 1111l't~ ;ind pu1clin,c: o t dL'.1!-fr r :-.c rv1c:r.t, cM ·c uwd ,,f1 .:1 ,\ugm,I :1 :'.007 . . A.rt-,1 1 y s1:1,·ici:.~ Lt1 di.!r \h l' r. 11 r:,r.1 0 1 all~•· subc.011lr:1c1~ c,r pu rch:i.'i l' <Wd t.:1.111 1c1p~1tc.\ 1c 1 li t· pt:rt o , .111.:d r,uts1de !ht 1;nit1.!d S1:itc5: 0 1 Co h,i1 1tlo'' Ye, 0 No tf"Yi.:s '', pl,.~:L~ l'.U fll[1k lt' tile: fo ll l'"''i11g twu qucMio11:-. 1111d ll u!n ~;i ,s11 lht form . lf""N-,", pkase sign till.' f{Jrn1 Z. Wh~,, w 1\l 1i1 c ,,l rv1 t c:, Ur pt d ortm·d undei lh~· :·11 111rn ::·i, in~lul1111 g a n y su b L:untn1C''.!-= u 1 pu rchase rncl!:r'! (Li !<,! co urrn y(1 c!-) anc1 /o ; s 1;1t c(~). :~ [:i,,p\;.i11 1 .. d ~y i1 i!-; 11et:l's~:1ry rr ;i ,anragl:!ou ~ ;o gc, C'I Ul su.le or :h!..: Uni1 t:.:1 Stiitts CH th~ S1:1ll' oi r:olor :,clo ICl p::rfor111 lhl' st:.n·)t.::.·\ 1111Clt.:r \\1 c l '~"lli<1C-t 111 1111 ~· ~ul•cn 11tr ,1c !.., w p111i:.·ha i-c 0Hk1. ' I• 1 ,:•I , .• K \.'4lll!!',I I rl l 1 b ) p ny ~1 j :.,I', HU J ,lt 1,i, I lc•~nllfu .. .it m • rJJn-hcr ;m o C:1 1rtl11 cn11c,r· ;..;, :.y ,..f C n g .\o w:.1.1 d , c ,,1 .. 1 .. rm <.i11,,;,.,,u,u111\Z!rc ,ril l.ll j:11 '1 \'Ull , {\! l\jll \(l i):F.r.11 1~ T ntll,'.JY llr ld cnt1 r1c all o n N u mbe r (Tl/JI ~le' t'"" 1 1~ VI 1111: 11){>;\'j"l,lt L I._.. I(;. l; ... ,tJ\WU , Uo., t. )"'~ ~, ... 1lJ....,_,•A1 ,_,, . .,., r,':"·,' 11 _,.,.,.cr, '"'•, ... .,...,,.,,,,,.'I,""''~ ,,,..,,.,,.11,. or diu,,iua .. u .. n1nv, IM thf!l'3rl I lnrtr11:h u n • m• 1••1e l lo, OI i-.~ <#I.It:;, llli 1\I" r trU"'l'rr lflrr.tll ..Alic..i1t11ml•1 [1 11l). II 1'1 >1 M,•N11hlM 11n7'1~a'1.Y.1. !low 111 gtt1fl OIJU;Jt) 1i,q~ r:i:Clr u, l!(ll ~\Il l( 1!1 1!1~ fi1~ l!M/'I LO "E[ I I I 1 l h1111,1lt.1 ve r idi:~1ific1uirn1 m,mh~r I Jfljdj6j[l j CJ J0 1 f J BJ3 J fi@§jM@, Crn Hkr.ti ou U r.at.1 r I K:ADl!le~ of f)e/_Ut)', t :if:rlty tnttl ' l ·111.-nu n-\ltt ~l ww1 , l)n 111,~ r1 nn is my 1,unc LI lllllflJ )'t: i,l:111 iri. ~1i11u r11u uk1 {v, 1 ,m, 1•nl!111L fw • 1,11 nl11::1 11, Iii, 1M,J1.J ,,. 10n) un:I 2 1111n riot !>ul.:,cr 10 l,:.d:\lp w nhh-,Jctin~• !l~~u!it (uJ I 11111 tXCl ll i'' fn•rJ liad;ur 11111LJmltl,11!::, t•t fh\. 1,n•,r nnl ~l·tn !Ji"lifi:d by thr lntc r:ml .'\U\cm.:t SCf'\•,c, :mS J 1h0 1 I nm i.ubj«t t1 ba:l.u!l 11·1 Ud1oltluc t , n rc~11h n( ;, f~ihnc lo 1r por. all im :~1 ri: d r1•1d :11<l:,, o, h.) 3 I n111,. t: S 111":t,N1 (mcl utlinc n t •.s tc~1dcnt 1:1 hc111 ( crll!itt l 1n I intlr11rlmul . You mus, Cl 1~:-l1U \ 11cm 2tst>l:Vl· 1f !he IF.:, ha ,1011f1cd ~,111 :!111\ ycu A:i: CU."TC,111} ;ul~1t L' u , l,.id:u1 1111 hi1old1111; hecnu •.c rrrn l1111c 1~11r~1111 rcpo11 ;,JI lllt:rc\t 1.util 1l11·urt11C ~ t,1, ynur 1:1 rrtun i-lt1 rci1I 0 1o1 1l u.,111,1 c 1,0ui, i1rr, ~ .:loo, r1u1 Df\r,I) f-ot n1<1111i•te iotc rt~L 1,ai tl 11r1ru1~11h 111 t, tsl 1111ilu111m·11\ ,,: r,1;~m td p,o ptrT)', c:1-irc l 11111 n 11' dch\, u1111rl b, ho~•-If :m 1ud1,1dua! ,e1nr.1r,r111 s,,11o n:•c r111'11I {lie ,\J 111,tl J:1:fltlnllr, ru yrn1.'T1 '~ o hc1 1h,n 1n: 1,:~: 1111tl dwult:ntl: •. yuJ 111~ nr: 1cqu m tl 10 i.1;:.11 du Ccn,fin1mn, )1,11 :mu mus1 prm·id ~-}0111 c.ontr TIN SL g,...,hm:of L.S P'l~Cln ► Min ority nucJ W(1 rnun --nw+1e.CI BoslnC5SCS (M /WO h) Sell C~lf•cM!ou (P1t<,t1~c chcch iii! bOJ:l!.i: lhi1I appl\') 1, "'' cllt/1 tv 1 r■-• ti Vl-l~ r,' r111 n1ro1 1n !0 •1 l,r NClrl lrfl UM n 1001111e:. CIOllij f1.zt1nc~ l',1111 It :, Sl;)h ol Cc..l01,100.1h:, tfllU •WH<fl 1:1~Jr11 111ie11 ,~ If Cl l!bSl Ud F'luoi~f' 1n:h -Oll. 1f10 nr,m1111;i C CJ lc g:.u~ ol Ul'fl.(1/:1111,> O! }OUI cor11•nl1}' '()1· .. w ll" mun. CD 1,h1x 111[/II IS h tlt1511H:W. II LBt 1~ Il l !011,1 ~1 111 ICC l\l a,,mt:d liy rn mj11,1Juo'l&J \'lhll t!ISO (.'(In! u ,{1,) 111,tl Opl"IJl•r(i.) II ·c .. 1111 .:1· hi 1t1,. cnnlei.L mt:1111\ u,~:c.lllllf} Ille pO'I/C' 1C m a~c: :in!,:) tiJ m \011~ ·o ;•uelllt>" 10 •ru 1~ a c!Nrly 11v01Vut tn 11 ,c ll :t}-10-::ID y mom,pom:m rr \,UI bu~, 1c:i~ •~1:.,01 .-iy 1 ... ,,c,1 111 1,0 :1, ,,er, ,i!l11 w::>n,01> l.l 1~ .~ I' 1{,1.-.l , l1t;1J 1.LJ1f,:i1'11h0'1 11!:,nl• (lo rd. 111• ho> lobolnct "Mr! /\flfl ~r:,h'1 " Uc nl1t1 lrlorn .. 11011. Owne r llln n1 c,ty ll1!or u1.i l.J 0 11 0 ,tJilu:~ A!l~C.m ~H ... , W1.,,.,,· I .. t.,,,,14 ..... •n•I ~ 'I'(•··· .-•I,,,. 1~u1,1 I~ 'llll(:::,'h~nl ,. Cr, ,t · l!1 1"•: :•;,,~.:. tnr hr~~~ , , .. ,,~. l<J11 II"~ ~-.;;1wll 111 ~•1,,:>,~~-. [I. Cl,. • • • • • • ORDINANCE NO. SEIUES OF 20 I 2 l3Y A UT HOR ITY C U CJL B ILL NO . 15 INTR ODUCE D BY OUN I L MEMBER J[fFCllSON A:-J ORDINANC F. A M EN D ING TIT L E 5, C H APTER 30 , SFCTIONS 3 AND 19. or-T H E E. GL EWO D i,!UN IC l"PA L COD E 2WU ll'Hll'l-1 i'l:IU A INS I U Ml:.IJ ICAL M AJ(IJ UANA A:-JD PR!M A.R Y CARE-G I V ERS \V II ERl:f\~, ~-(',Jt:~1itulium1 I ,\1 11cmh11 c1 11 a 11U !-Uh !->t'.t ltt c11 1 lc gi ~l;i11 0 11 p11JVi dcd a 111 cll1t H.I fur 1hc rcg1s 1ra 1ion of pati en ts who wish 10 L:SC Med ic al M ::u-11u.1 na :a m! 1hcir Prnn :iry Coir c-Giv crs; :md WHEREAS , th e C it y fun her wi shc . to protect and ba lanc e the reasonab le and lawfu l ri ght s o f paticm s ~111d Pnmary Ca re-Give rs wuh the pro1ec 11 on. hcah h. safc1 y and wdfo rc of the pcop l~ of the City thro ugh prev enti on and 1n it1g~Hi on o f de let erio us an d ncga li ve second ary effec ts that may occ ur or arc like ly to occur fr om th e pr cscnct! of Medical Ma :-1ju ana in the City o f Eng ltwood Ccdor:ido: and \V H EREA S, tht> sale or dis1n buti on of Medi cal Marij uana ma y bt: a ta .,n blc tran sact ion in acco r<l,rn cc wi1h slat e ,mJ luca l law. and WH EREAS. federal and state laws are binding upon ho me rule munt c1pa l1t1 cs I lowcve r, nc ith ..::r thi !. Art icle nor its udop ti on. imp lc111 en1nt1 on, or enfo rce ment sh nll be cons1nicd as nn intc !ll of th!.! C 11 y. its elec ted offi cia ls. it s employees or cci n1rac1ors or Au thori ty member s to violate fed era l iaw. inc lu ding hut not limi ted to, th e Controlled Su bstanc es Act o r 1970. as ;imen dccl , nor shall SU('h adopu on, impkmenrat inn or enfo rce ment be cnns trued :t s ac <]uiescc ncc or cn 11spi ra cy by the C'i 1y. its el ec ted officia ls. ap poin1rd Au thori ty memb ers. co ntra ctors. or it s employee s 10 , 101:11 1.: -;m:h federa l and stat e ta.v ; NOW. TIIER.Er-QRE . BE IT ORD A i 'ED BY THE CITY CO UNCIL OF TII E CIT Y OF ENGL EWOO D. CO LORADO. THAT . Sec t ton I The Ctt y Co ull cil o f th e Ci ty of Engle wood . Co lora do hereby au th onzcs amend ing T it le 5, Chap 1..:r 3D, by th e addiu on o r n new Sc..:t ion 19. of the En glewoo d Muni cipa l Cndc 2000, to rea d as fo ll ows· .c;;-30-IY· Reg ulati.o_ns____celated..toMedicaL\latjbL'\lla.P.timar y Ca re=1:iivers . 1-~; c c u 1 •a .a C4![ dis 1cil.llitj.oJLOLMi<11lc?lMapjua n,ulrn lL11Ql bl:Jlllgwed as n Hom e Occ uoat10n in 1h e R-1-A Dismct und er Ti tle 16 EMC ~-J2i s.is1 us,uc=:-.nd cJiun s ill or ou1 uf,Wt ' n UI) ..,.,1,,e==""-'"'"''-""=====bl:!l.!~ b I ---...... -.,b== . . f l C · ""''""'""-"'-'....,""'=.,4;"'-'u,,=ii.w~ ldca rc . '-"''--11"'-""'--'='"-"-'"-"'""'"---""-"-'-"'..,..•""--...,.,._,_......,_ .... ..,_,.,..._ C ----=====~"'""'-"""bbl.:'-'!l.!illl!llil=!l!l""-""'====""'f~~ f.h) · · · · fra.cd tp uulu sJ.itlc ore 10 be comm ncd bY..diw,n1c~sitcU1('.nl f l!Ull!m,c . · • · hs;Wll W-Jlt,1Lc.;u mmi o11 of 1bc (;J) ~ defin ed c 11iguous one hundred fi liv {1 50lj!l!l il (C fo ot are~. Ju,hn ll be unlawfo i to...q 1hiv~1c or pcpnu 12 b> sul\l Yil\s:cl~~==-=== m•ximullUlumbcr of Medjc~l l-t!ri,i1»n: .ll!\!lffi W Six (61 fy · .. · · ua111u hmt s tll: '""'""'""'""""""-'-'-'-'"""""" >itticm a !W ~AO,l,!;:,,,,mi'l xiJ1lllUu1iJmhcr oi Mcdi,'.aLM ad1uan a ulants ucccc;c;m;y_LQ ;t!Le,,:in11: . .1 b<;J?nmao• C)re-G j,cr's rm~u.: .. ,.hi;uni u1.ukbililruilu:.di -~s).QJ: · · (:(1 a-. ev iden ced bv the nollent s' oh vsiCians ' wri ucn mccli ca l profc,s1ona l 001 ruo1:Csl. ~-D1 · ·. · . -. ' . · .. · · , L!'l ..... ""'-'""""""""'-""'""'""'"'"'""'-'""' .... _ no J. ·co~~ iliis..f;n 11lew2o d Munfoi Cl)lorado Med ical Mo . '"""""""""""""'""'"'""""'""'"""""""""'-"'-===,,,.., lli:s 1~mg and tL\.WY..li.i!.!1 -==-==== ,1..w ~i!ul:u_iOD 1i,. ~-a.J'rnnary C::erc-Gixc r sb:i hi,furu)~m enforce ment •H!~ ==-=...._.....,_..,._,. !(S~ QJ t eJt O 1cia uues w l e • • • • • • u!J ~·onlion !d · 1t11~:.,suJh s; Pil\lCDI cq.:c iYi!l!1 lhCf ' · it.al ~-. iU IOU 2. · ·======"-" cum eaw1 1on th at C\'Jd enccs thUl ill1){" ;i,d- . -' .. ' ~ i11t au1 Stillk S,t • • yJ . \\' ~Q c.o m[l)v \l'Jlh Jh e D[Ol'j,1o ns l'f 7-6 1).)2 s~ct nn__l . I he C11 v Co un c il o f th e C ity o f En glcwtio d . Colo rado hereby aut ho nzc~ amcnJ in g Title 5. Chaptt:1 :;D, Scctt o n J. o f1hc En glewood f\lu n1c ipal Cude 2000, 10 rc:,d "" fo ll ows: ' · · · · · · ·· · ·· Ol(O cf 1bs Col~:.i!l!ll dim! Mari iuoao Co de -===-==='-'",!1.!''-"~'rib ~J!JQ..sJ!..h..\lW..QLllill\..llJ 1L11llonaLRJ:Q,l'.i . . 1i1iQnjs.,1 mcmi cdJiy.1Ju uwiou. 12i ~'(' ,f ell ·urcm ent llJCjl ll S n strni "-""""-"'-'-""''M,.....,"-"...,.h,.· .. c.,·bo,o ),-OL.C il lD PH,SJ.Q lh l,.J JC;l [.CSI PRrtlO ll of1h c b11 1ldju1~.,,11.,.,,......,==~ r.riod rm,\'1" fo r pu rp o<;es of rcfu ,mg 0r denying a !1cen sc renew.i i. rems1:ucme nt. l1r 1ni11c1 I I 1ccn c.t.· iss uance mea ns The lice nsee or np p li cnn 1 h:i s \'1ola1cd. docs not 1rn:ct. or h.ts fad ed to comply w11h any o f 1hl! tcn ns, co nd111 ons, or prov i 1011 s of An ,.:lt' 43.3 o f Titl e 12 C.R.S .. and 111lcs p10111ul g.:11 cd purs uan t tu th i~ T itle. or any supplcm1.:nt al l,Jca l la w, 111 lcs, or regt ll at io11s: 2. The li cens ee: or app l1 c:m l l1r1s failed 10 :nmrly w11h ;m y '-Pf~<'1 :1I I t . n, nr c,md 11 1nn" th:u were placed 0 1111 s hcc::nse purs:.,an t 10 an order of the State or Loca l L1ccns 111g Au th orit y; :\. The li cc::nsed p rc:1 111 Se!> hnve bee 11 ope rated in a m::mn cr tha t adve rsel y affects th e publi c hea lth , we I lit re or the safety o f the 1rnmc d1 a1c nc1ghborho cd in whic h the es ta bl is hm en t is loc:1 tcd. L1 ~C111se. mean s lO gra nt a licen se ur reg istrati on pursuont t tlm TIiie . l1censcd rrcm 1,·,,.~· mc:1 11 , th e prrm isrs o;.peci firci 111 ,n :1pp hc.11icm for a hcc n,c und er lhi s Ti tl e. which a rc owned or III pO":Sess 1on o f th e li cen see ond w11 h1n wlu ch the lit.:cns~c is nu1horizcd lO cu lt 1\ .i tc, 11ianufo l:tur c, Ji ~tn bu tc , u, :,el l Mcdil:a \ M:mju,m a m accorcfan ::e \\'llh th e pro \'I S\o ns of Art 1.:lc 43J ot ·1 Hi e 12 CKS lic<·m c.'C': mean s :-i pe rso n licensed N rcgi stcr\•d pur su:11 11 to :\11 1c lc 43. ofT .d t 12 C R.S. aml 1hi s Ti1 lc . L oc,2/ Li c.c11sm g .-lwlwr:1_1: mc:111s 1hc [ngl rwood Lcc:i l Liquo r anJ \1 !.!dica l \•far1 1uan a L1 ctn~mg Au tho rit y. L ocal L1 ,.:i:r1s 111 g Of]idu!. 11 1cirn ~ the Di 1ci:trn ufFiuw1cc: a1al At.111 11 111 :,ll itttvc Sc::rvu.:c.:s or dcs ign t.!c I oc:111ion . nu.;an s a p:m1ct1 1Jr par~c l of lan d th at ma y be 1cl ent1ficd by an addr ess 0r 01hcr dco;.c np1i vr me:ln s A·k J 1c.:o l Mw ,juww . 111c..1r1 :-. M.mj ua11a 1ha1 is ~rown nncl /or sol d pu rs u:1 1111 0 1hc p1 ov1s 1ons o f * 106 Pli\11 cic 5 f Hie...~ C . ;,A rt1 clt 43 3 o l ·1 Il le I~ C.R.S. and I r a pu1pc•s c auth ortzcd by Se cti on 14 o f .M iele xvm of1 hc S1a 1c Co nst11u1ion . Medical Mnrij urma Cemer ; m c;ms n pcrs n Ii c nsccl p11rs un1111 0 A rt icle 43 .3 of li1 lc 12 C R.S • lO ope ra te a bu si11css as dc.:sc n bcd 111 An iclc 43 .3 o fTnlc 12 C.R.S. tha t se ll s 1'vl cd 1ca\ t\1arijuana • 10 rc g is1ercd pal icnt s or Prin~ary Ca re-Gi ve rs as d efin ed i n Sec tio n 14 of Art ic le X'✓!I I o f lhc St.it~ Consti tut io n. b u1 is not a Prima ry lnrc-Ci1 ver 1\.1,.:dic(I/ 1\lanj11u11,1-lnf11.,i:d f',odu r.:t . 111 ca11 s a p1 vt.l u..t 111 fw,cd \\ith ~•ti:<l 11,.:;.d IV1anJu ,111,1 that i:-. inten<lc:d for use or co nsumpti on 01hcr th an by smoki ng, 111 clud 1:1g, bu 1 not l1m11 cd 10, t.·d1b lc pr oduc ts. oin tnr· ·s, and 11nc rn res. TI1cc;c produ cts. when mnr.ufac tu rcd or snl<l b~ a li censed Mf'.thc.1I M:mJI · ·nt er or a Medi ca l Manjur1n a-lnfo st'<l Prod uct .Vfan u foclU rt.:r. shall not be comidered a . drn g fo r 1hc p urp oses of th e "Co lorndo Foo d ana Dl"\l g Ac t". Pa,1 4 o f 1\11 ic k 5 ur ·. ,, L5, C.R.S. Me dical 1\larij1uHw-h f 11 \·ed Produ c1 A1mwfm:1 1,rer: A pe rson lic ensed purs ua nt to :\rtic le 4J ) o f T 11\t· 12 C R S 10 o per:ll c :t h~io;.inc::;s as d\~s ~r ib cd 111 Anh;le 43 J o f T it le 12 C.R.S. Medical i\f{lnJIUl'la Op11 0 ,wl Premises C11 l uvmw11 Op erati on: mean s the prc.·m 1scs ~pcc 11icd m .i n :1p pli cat ion fo r a Medi ca l ~bri Ju ana Ccnt t:r L1 cc.·nsc with related }!rOw 111 g fac 1ltti es tn Cv iorad o fo r.,, h1c h the Licensee is :m1horizcrl 10 t;mw and cu l1 1v,1 1c ~-1,1rij11:111 a fnr :1 p1 1q>os t.' :iuth orizcd by Sec ti on I rl of An1 ~le XV [U of the Sta le Co 11s1i1uuo n. M11/t1 -I cm Jfll /!111ld 111 g : /\ bu 1l d1n g th at 1s or ca n be occ.11p 1cd by mo re th :u1 o ne tcn ~m t. D11re11c a rr r.mn \W Person means a naru ra l per so n, pann ers lup , assoc iation , co mp any, corpo rati on, l11ni ted liability co mp any, or orga ni 7..auon , or :1 r11a11 1'BC r, :1gt:nr, n\\11cr, clir c:c1or, o;.ervan l , o ff krr. <'r emp lnycc th ereof. • • Premis es· mea ns a d istinct a nd dcfi 1111 c loc il lion, whic h may include a bui ld mg, a pn11 of a bu ild ing, a n,lO JH. C\f any othe r definite co n1i gu ou s area • • , ,re-v In acldiu on to th e dcfi11111 ons se t fon h 111 Se ct ion 1-1(1) (I) of An ,cle XV1 11 of th e S1'tc Co nst11u 1ion, as used in An ic le 43 .3 of Tnl e 12 C.R.S .. u nl ess th e co nt<xt otherw ise rey uirc s, 'Primary Carc •G IVlT' mean s U nmura l pc 1S0 1, qr as may he mors fullY.,d,c fmWn .ipy mmh cabk Fecie wl or Sta\c l;iw or rcp.11 1,illQ.11 Sr.:l:oo/: means a pu bli c o r pri vate pr eschool or a publ ic or pnvate elt'mcnta ry, midd le, Juni o r hi gh. or hi gh sc hoo l. co ll ege 0 1 campu s of a col lege. Smoking . me ans 1he b1.m11 ng of a llgl 11 cd c igarette . cigar. pipe. or any 01hcr maiti.:r or substan ce th at co ntam s tob acc o or Medic al MariJuan a as defi ned by An1 clc 43.3 cfTi1k 12 C.R.S Su11t: Li c:t·nsi ,:g A1,1h or i1y : mea ns th e AuthCl nl Y crc:n cd fo r 1hc purpo ~c afrrgul~ling and c0 111 ro ll i11g th e Li censing o f th e c ult 1vmion. mat rn fact urc. <l1 stnbut1 on. am! s;tl c nr Medica l ~1ari _1 w1r1a in thi s 1:11 c. p ursu nn1 10 A11 1c lc -t J 3 of Ti tl e 12 C:.R.S. St·ct1 011 4. Sa fctv Clause..,_ The C it y Co uncil hcrc:hv fi nd s. dc tc n11in cs . and dccl :ircs that th is Ordin:rn~ promu lgated und er 1hc gc.:.ncr:d pol1r e pO\~-er of the C 11 y o r Englew ood. 1ha1 it is l"':1 11ulgatcd fu 1 thc h~a lth. safe ty, and\\ cl fo re-o f 1ht: puhl1 c, ,in d 1l1.a1 1h1s Ordinan ce 1s ncccs~a ry fo r 1hc preser,1,11i on o f health 31:d sa fet y and for the protect1on o f pub lic i:o nvc 11ie11cc and \\'c l fo re . Thi! C il y Cou ncil fun her dclc rmmcs that the Ordrnancc bear s? r:i11 c 11:11 rcl:i tio n 10 th<: pwpc, lcg1!)la1ivc ub_lt'Ct ~u ugl11 10 ht! ohrn in ed . Scc t1 01Ll,. ~£.H!2.~ If any clau se. sentence, paragr~ph . o r pa n of thi F-Ord i11nnct o r the "1'1-J lh:,tl u.•n 1i11,:n·uf tu a11 y µc 1!)u 11 ur c n c urn st.mct:s )hull fu , any rc.:t1,(Hl bc ;u.ij ud gi:d by 3 coun of co mpL.:t cnl 11m sd1 c11o n in ,alid, s uch judgment shri ll not nffec t. imp31r o r 11l\'alidritc the remainde r of th1i Ordinance:: or It a pplt cJ tio n to ot her persons or c 1rcu mslaPces . Scc1ion 6. l nco nsistc nl O rdina nc es. All other Ordi nances or portion s thereof in co ns istent o r conn1c1ing w11 h th ts Ord inan ce o r any por.ion hereo f arc he reby rcpca lctl 10 1he cx tc::nl of s uch in c..:u11~1slc11t,;y or Lun Ok t . Sec twn 7, Effec t (\f rcneal o r mod ifica 1i o n. The repea l or mo di 1icat1 o n o f any prov is io n o f the Otd c of 1!11: Ci ty Llf r .1gk wood by tlus Ordinan ce sl rn ll 1101 rd ease, ext ingui sh. ult er. modify. or cha n1;c 111 who le Ci r 111 par1 :my penalt y. fo rfe11urc. or hab ilu ~. c nh cr civi l o r crnnin:il. whi c h slrn ll ha\c hc:c:11 mcurr ect unde r such prov is1011 . and c;-ic h pro \'1s1o n :,ha ll hc trea1 cd and held as st ill h.:rn ,1111 111g in force fo r the p uq,oscs o f s usrnuu ng any and all proper ac tic.,ns, sui 1s, proc i:cd rn gs. and pro sec ut io ns r r thc r.:11 fo rc c1111:111 o f th e pena lt y. fo rfeitu re. or lt abi li1 y, as we ll .is 10 1 the purpns c o f sust~11nin g an y j ucl t,rin cnt , ckc:rcc . or order wh ich can 0 1 ni:iy he rend ered. c:11 crect . C'f made 111 such ac1io ns. sun s. proceed in gs, or pro secut ions. Sc<.:u on 8. Mcd 1c;i l Marij uana Care-G ivers, subJ ct l l0 s;dcs ia .x. c urrc111 ly lega ll y in ex 1s11..:ncc 1n any zo ne dis tri ct as o f the cffccllvc d:u c o f 1h1 s OrJ 1nancc s hall he gr :rn dfa th crecl ,llld sha ll be co ns1Jcred a legal use fnr pu rpose, n f the 70111 ng Ord 111:rn cc Sec tion 9. Penalt y TIi e i"'"c:na lt y Pro\'1S10 11 C1fScc 11 c 11 1-4-1 b\1C shall app'y 10 each and every vinl m tn n of th 1.., Orchn:11 ,cr 5 lotr ud uccd , read in full. and pa ssed on fir st read in g on the 5th da y of ~llrc h, 20 12 . P11 bli shcd by Tit le as a Bi ll for ;1 n n rrtin :rnce 1n th e Ci ty's offi i.:i:1 1 newsp ape r on th e 9th da y of M,irc h. 20 I 2. Published a s a l:J1ll to r an Urd1nancc on the C it y's o mcia l website l>c~mnin~ on the i tl1 day o f March . 20 12 fo r th irt y (30) days. Rea d by title. and pa ss ed un fi nal 1<:a Jio g 0 11 tl 1e 19th Jay of Murch. 20 12 . Pul>l ishc d by 11t lc 1111hc C11y's oflicial newspaper as Ord inance o. _. Series of 20 12 , on the 21'11 ,b y of ~larc h. :0 12 Pub11 shcd '-'Y Ii1lc nn Ihc :11y·s offi ci,11 wcbs11 -..· beg innin g on the 2 1"1 day of March. 20 I I lor 1h111Y (30) da ys . Ran dy I'. Pt:nn . f\fa yo r K cny Bush, Dep uty C i1y C le rk • I, K erry 11,,sh . De pu ty C:ty C le rk o f th e Cit y o f [uglcwood, Colorado. he reby c cr1ify 1l:a1 lh c • .ibuvc: an<l forego in g 1s a tnic copy of the Ord1 n:tn cc pas cd on fi nal rcr1 din g and p~bli shed by lltle a s Ordinanc e No. Series o f 20 12. Kerry Ru <;h • 6 • • ORD INANC E NO. SFRIF.S OF 20 12 BY AUT HORJTY COUNC IL BILL 1\0. 16 INTROD UC ED BY COUNC U. MEMBER J EFFERS ON AN ORD IN ANCE AMENUL\/u TITL E 7, C HA I'"! ER 60, SECT ION 12, OF THE FNG LEWOOD MUNICLPA L CODE ~000 WH ICH PERT AJNS TO MEDI CAL MARJJU ANA. \VHEREA S, a Constit uti ona l Ame ndm ent and subseq uent leg1slat1 on prov 1ckd a meth od for 1he registrn t ion of p at icn1s :rn d responsib ili ti es regarding c ulli va ti on o r pro du c ti on of M edii..:a l Marij ua na; and \VHF.f:.FA C,, the C:ty fon hr r \\':she s to protec1 afl I ba lance the re asonab le and 1:i.,,.:fu l rights o f Patient s and Prim3 ry Car e-Giver s wit h th e protcctio ,,, he.1 1th . snfcty and we lfa re o f the.: peo pl e of the Cny th rough pre ve ntion an d 1111t1 ga t1 on o l dc l ctcnous and nega tive secon da ry et lec ts th at mn y occur o r :t re. li ke ly to occur from th e pri:-se nc e of M edi cal Marij uana in th e Cit y o f En glewood, Colo rado; a nd WHRRF.AS , federnl and st :it e l:l ws ar e bindmg upon ho me ru le muni ci p:-ili t ies . However, neither thi s Art ic le nor it s ado pti on, implementa ti on, or enforcement shall be co nstrn cd as an 11ncnt of th e C lly, it s ele cted offi cials, us empl oyees or co nt racto rs or Au th onty membe rs to vio l.He ferlernl lnw , inc.l udi.n g bu1 not limi tt.'d to, th e Co ntro lled Subs tan ces Act of 197 0 , as ame nded, nor shall such adopti on, imp lementation or enfo rce ment be ccns tru ed as ac qu iescence or cons pLracy by the Ci ty, I1s elected o fli c ials, ap po rn ted Aut hont y memb ers, contra ct ors, or its emp loyees 10 viola 1e such feder::il an,. state law~ NUW, T H l::.R.EFUIZE, l:!E n U KJJAINEIJ l:!Y T HE CIT Y COU~CIL OF TH E CITY OF ENG LE\\lfJOD , CO LORAD O, THAT: Sect ion I . The C it y Council o l the City of Englewood , Colorado he reby autho ri zes am e ndi ng Titl e 7, Chapter 6D, Scc 11 on 11 , of th e Englewood 1'.·funicipal Code 200•), to rea d as fo ll ows : 7-6 0 -JZ: Possession of Marij ua na Prohibit ed. A. Definitio ns. ~,,.wrd_oLI~ · . . . · . · ~ . s · .. · 101..,eJ.sln< . s se,;li ru1. • Co11s 11mpiio11 or Use ofi\tfar~·.,m,a: Sh --11 be deemed possession the:--eo f. 9bv A1arih uann or A1arij1Ja11a : All pnrt s of the p lnnt cunnnb is sntivn L., wheth e r growing or not, th e sc:c:<l s th t:rcof, the res in c:xtractc<l fro m any pan of the pl ant, an<l every co mp ound , manufacture. salt , denvative, mixrure, or prcpar3tion of tb e plant , it s se eds, or it s resi n. It docs not incl ud e fibe r prod uced fr om th e srn lk.c:, oi l o r c ak e maiic fro m the seeds of the pl ant, or steri li zed ~eed o f lh~ plant which is incapab le of genninati on. if the se items exist apart fr om any other item defined as "marij uana" hc rcm. "Marijunnnu do c s not im.:lutlc 1Tllinjua.11a oom.:c:11lrntc: as Udim:U bduw. }rf.a,·~·tul,w C8 1ce.l.'rt'He : IIA sh,sl\, lelmhyEIFl'ena:AobiHo ls, or u:) e\ka lot&.-sR-h . Be Fi ·e1i • e1 pFepeFa tio1 1. eo m~ouml or RHmun,. "'hether RBltiFal BF s:,•n ll~e siiwB, ef """61>:~- Med,cof Mad11111u(lJllf;lU1s Manqpuuuaus,.rn:mrn . .si1ct s.1 1,~uJ\111 1.0 1t.e,._pro.Yi$n s Qf,.§.1.Q.¢, QlllifJX.!'.J,JJI,f,/J.. !icle..Ll..cl..Iitl tlL.Cl\.S,;..Aaiili43 'of Titl e 12 C..R.S..J1nd..fuu ru!rnOSc,au 1ltorizcd_b,• Smion_l 4 pf Agid c,~11.nfJhcStat~ ~\itµtion. .0-s ~-uhc; dri\:J.r yud.;m:i:.S£J.JJ!l!t:LwllikJu um1..1r ct till\ acer that 1s rea<lilYaccess ibl e lO the driver ""-""""""'""'"'-""'""-"""""-'' ~..:.£•..Ll!.l,\Ul,osili.o.n....i!JciJ1,\l inJ,\, tlUQ.l artm enc B . It is un lawful for any pcr:;on to po ss ess one ounce o r less of marij u..1.na, except in acc or d,rn cc with S,c1io1 1 14 of Art icle xvm u rt hc Co lorado Constitu tion. ~ Res1maious on !2 ca1ions for c.11 lti.v fllin R Mariiuaoa , l -l UihillLbLJ 111.iwfo)J,o rnlliy.at~Ma riju anq.iiun..@td QOui;~~ imalld,in1:,h11U1!lllimited,,10 o,1tL<l,0=1t!lli!£JJ.;.grspnl1011m , shcd s,..outo.rn gc units: 6· lt slrn!Lb~ unla»;fµllsw•lti)'.iltc,,,MRrijuana wHhin a garn ge whcJhcr on~chcd or deJ ac hed, or other s1m.D•~csu:ru:.d..l.lLlnLcrulc..dJouh>..k<:SPjnl:..QLS!l).r.1i:<:..OUcl!i.cks. l!.ll)l ipme nt or goods; ;i, ll.slmlll2r_11pl ,u\iul.lltlllill!il n, _pl~111s 10 b_c ru:rceµtih l,,,fronubc._cxt~.rior,,<;f ;~.~ (n) Wl.lllllllllllifilta ) ob scm1i oruu.Madiu.i10J1, !ul Q.dors sme ll s frasra nces or mhe.Lclfac1 ory~1YnUhl__s .. h@GraJcd huh~ ~~~~I >lli~lhl\J.\.12ll-l llii\ltOJlleL • • • • • :I. l!.,sb;ill be unl i\\lllll.t,l, .ii~~ ,M£!Jil:.al.Ma ru.11ao 11..in,t be co mmon •t~1S...oimitl&mial llW)_.;ru'._; ~ IL.sha ll be unla~l to cultiv ate or oeIDlll to be cultivated more than th e fo ll owing maximum numb..cLJ?f Medical Mori 1imna olants · 1 Si.lJfil.M.edki'lMatiiJJa olUl)am s ll'i1h 1hree rn or fewer being mawre Qowerigg u.laot .sJ 4MJtre uroclu!.;iJll!1U1S.'i\l1-~~.Ulli!tiu.!~!!!il1~!:..~.a.;h...Ci\lit:o\ 9[ the urs:11~ gr fu IAA,;ll o1ill.ll\lOJJI\ID1ileL0iMe,diiii!l.Mil liiµana,Dli1 UIS 11£C,CS Sil[Y IQ.illll;x:i;ll C.J)leJjalienu (or omim\s.lchronic.,,de.bili1a<W ' · · · · 1cvj dcnmlb.:,; 1hc patj en ,'s !.llu>'lli.cm s'l llllY ·c·a ~datiO-!!. !;. ~ .1.. AP ' . . s '-~="-"..,,.,.._,"""....,,,_..,,.,,_,.,.,,...,,.,,, , lliJ:l....,"'-"....,""" · •a . C J.. :!:illulrll.l;isiom,,QfJhjs Sec1jo11JEl,.sb;ilLn.0 1 ouol.:,;JQ,; (i!l a -. . . • ass.""'"'""'""""'""""""'""""""""'~ 1u1mll,Qn.111on o __ omrm r cQlllpe1:s;u 1on, (12) Mfil;u~ssion bx a oass cns<a>---Qlhcr.Jha.UJ h.¥-.d®r or front seru u l1,C.,m.JhcJirinJ:Jlµ,1ru,Ci.Qi;,Juui !i!'..s;Q;1~.AQIJ.S.e.J .rnikwnQ1QUJ.Qlll£.J!Ji ~1 c R s §4 '-~(i7.) • ..orn;ul.cu;g.v;h.JJulcfiugcj_jn..CR,S.. 1020 9§lC•l !£l l:!lM.osmsion of M~rij.11ana,,in Lhc area beh ind 1he last uprigh t sc a1 of a mo1or veh icle l))!U is not Jilll!.i™1..ll'.i1h...-uru ok . (!Ii G., · The max imum pu111 shrncnt that can be imposed for ,·1olati on of this Sectio n is as is se t fo rt h 1n Secuo n 1-4-1 or th is Code . Howe ve r, in impo sin g pw1 ishmc 111 on min ors for violati on o f this Sccti()n. tlt c Criurt is lim ited to th e re stri cti ons of sub sec tio n I 4 -1 (B) of thi s Co de . Sec ti on 2. Snfety Clau ses. Th e C 1t:., Cou ncil hereby find:;, det ermin es , ru1d dcc lnrcs thnt this Ord ina nce is prom ulgated under th e ge nc:ra l pri •ic e pow er of the Ci1 y of Englewood, lhat it is promulgated for th e healt h, safe ty, and \\ el fare o ,· 1hc pub lic, and that Lhi s Ordinan ce is necessary io 1 the pi escr\'Jt10 11 of hcahh and sa fet y dJld fo r ti .e µruti:ct io1 1 uf pub li1,; cu11,c:nic::11cc anJ welfare. The Ci ty Co un cil funhcr dct ennincs th at th e Ordi nance bears a rn tiona l rcla11 on 10 th e prop er leg isla11 ve obJcc t so ught 10 be oh <aincd . ~-Seve r2bili1 y. If any clau se, sen tence. para gra ph. or pan o f thi s Ordinance or th e appli ca ti on thereof to any pe rso n or ci rcumst ances shall for an y rea so n be ad_1 udgcd by a co urt of co mpet ent juri sd iction mvahd1 such ju dgmen t shall no t affect, nnpmr or m,·a1i date the remainde r • o f thi s Ordinanc e or it applicat io n to other persons or ct rcums tan ces. Secti o_nJ. Inco nsi stent Ordinances. All other Ordinance s or portion s the rt:af iuco ns istent or co nfli ctin g with th is Ordina nce or any po rt io n hereo f arc hereby repea led to the extent of such inconsistency or confli ct. Secti on 5. Effect of repeal 0 1 mod 1fi cat io n. The rc1-1c.J I Q I modifi ca ti on of a11y provi sio n of tile Cu<lc o f the City of Englewood by thi s Ordinance shall not re lease, ex tin guis h, a Ile r, modify, or change in whole or in pan any pcnn lly, forfeitu re, or liabil ity, either civ il or cnrnin al, whi ch sha ll have been mcurr ed under such p,ovisio n, and each provi sion shall be tre ated and he ld as st ill rem ainin g in force fo r the purp oses of sustain ing any and Jli pro per act ions. sui ts, pro ceed in gs. and pro secuti ons for the enforcem ent of th e pe na lty , forfeiture, or liab ilit y, as well as for the purpo s.c nf sustainin g ;my judb'lTlCll l , decree. or ord er whi ch c;rn nr ma y he rende red , c-utcred, or m.1de in such actio ns, suit s, proc eedin gs, or pros ecu tions. Secti on 6. Penalty . Th e Penalty Provis ion o f Sec tion 1-4-l E~1 C shall apply to c.1c h and cvc,y viola.li on of tl11 s Orch na11 ce. lmro duced, rea d m fu ll , and passed on fi rst re:1 drng on lhc 5U1 da y of Ma rch , 20 12. Publi shed by T itle a, a Bi ll for an Ord in ance in the Cit y's offic ial newspa per on the 9° da y o f March. 20 12. Pub lished as a Bill fo r an Ord im~nce on the C i1 y's official web site begi nnin g on th e 7ih day of Marc h, 20 12 fo r thirt )' (3 0) da ys. • Rca <l by Litlr.:: an <l pnss OO on fi ual rc ;..1Liing on th e; 19th <lay of Marc h, 20 12. l'ub lished by title in the Cit y's C>fli cia l ne wspa per as Ordm ancc No. _, Se ri es of 20 12, on the 23" day of Ma rc h, 20 12 . Publi sh ed by ti tle on the City's offi cial website beginnin g on the 2 1" da y of March, 20 12 fo r thirt y (30) days . Rand y P. Penn . Ma)or Al TEST: Kerry Bu sh. Deput y City C lerk I, Ke rry Bus h, Dcpul )' C it y Clerk o f the Ci ty o f En glewoo d, Co lorado, hereb y cc ni fy that the nbovc and fo rego in g is a tru e copy of th e Ordin ance passed on fin al read ing nnd pub lished by title as Ordinance No .~ Series f 2012. Kerry Bus h • • • • CO UNCI L COMMUNICATI ON Dale: Agend a Item : I Subje c1: March 19, 20 12 9 C i Ce nt ennial Park Trail Loo p Renov ation I Initialed By: Staif So urce: D epartm ent of Pa rk s and Rec rea ti o n Dave Lee, Manager o i O pen Space Jerr ell Blac k, D ir ec l o r of Pa rk s and Recrea 1i on CO UNCI L GOAL AND PREVIOU S COUNCI L ACTION Cnuncil Goal: A Ci ty tl h'\t provid es d iv erse c,il lur,11 , recrea ti u:1a l and ent er t:linm ent op portu ni ties . Cou ncil approve d fund s 101 the develonmen; or the Ce nte nn ial Pa rk expa nsi on in ~000 . Cou ncil ha s support ed JII previous grant appli ca tions lrn rn Arapa hoe Co unty O pe n Spa ce. Ci 1y Cou nci l prev iously appro ved O rcl in MKe N o 88, Se ri es of 2010 ~up porti ng th e .'\r;ip;ihoe Co un ty Open Space gran1 appli cat ion for Cen1cnn ia l !'ark Trai l Loop Renova l io n. O n Augus t 15. 20 1 1, Cily CounLil approved O rdinan ce t✓o . 39 , Se iies of 20 11 author izin g an in tergove rnrn ent ,1I agreeme nt betw een the City of En glewood and th e Arapa hoe Boar d of Cotin ty Co mm iss io ners for c1ccep t,1nce of the gr.:1nt for the Cen tennial P.1rk Trail Loop Renov atio n. S:a ff di sc ussed the tr ail rt nova ti ons at th e March 5, r 12 Stud y Sess io n wi th Co un ii. RECOMMENDED ACT ION S:,1ff reco mrnPnci ... thrt t r nun ci l .:1r p mve, hy mnti nn, a co ntrac t for co nstruc t•o n of the ent Pnni al Park Trail Loop Renova tions to the lowes t b icfd e,. Standa rd Concret e. In c., In th e amo un t of $3 19.304 . BAC KGROU ND , ANALYS IS, AND ALTERN AT I VES IDENTIF I ED In 20 11, Arap ahoe County vo lers approve d the 1cau th o 1i zat 1o n o f the O pen Space Sa les Tax to p a\ fo r pr ese rva ti on of open spa ce, pro tec t la nd s, preserve wa ter qu,1 lit y and prov id e, ma in tain dnd im p rove ne ighbo d1oo cl p,11 ks, sµur l fi t:ll.l s, µiu111 . fctLi ;iti e!:i d i HI ti c1 ib . Th ~ Cit y I Id!:! I l't t::i ved annu al shareba ck fund s He nerated by th e tax si nce 2004. In 2005. the County se t asi d e a port ion 01 th e ta x rev enues to fund com pe titi ve gra nt projec ts. Lich yeilf th e City is eligib le to app ly for up to two granl s. Since 2005, Englewoo d has receive d eight gram s lotct li ng S 1,46 3,430. The Cen tennial Park Tra il Loop proJ ect 1s a renova 1,or1 oi an ex 1su ng 8 (oa t w ide c1sµha l1 trail th at is in nee d of replacem ent du e to dete no ra uon of tl w as p hal t. Th e 2006 Park s and Ke crea tio n M as t er Plan also ca ll ed fo r replace ment ,md 1.videni ng of the tr ai l aro und Cent enni al l ake. The projec t also incl udes rep lace m ent o f a brid ge w ith an ADA access ibl e bridge. shorel in e im prove ments for fi shing .t nti in::,t,111i11 ~ lr1mJ:,L,tpi11g ruu un d d Wd tc 1IJ II dn d pun tl . rh e J::.pli c1lt t1<1il wil l IJ~ rt:p lJcecl wit h a 10 • loot wide co nc re te path 10 mJtch an exrs 1mg 10 1001 \\Id e po rl tnn ot concre te tra il im d con nec 11 on to t l'\P i\.\r1 ry l.;\rl Pr \orPP l'\w ."i y Tr,li l. FINANCIAL IMP ACT Tc,1,11 P ru j~Ll Cus l: A rap .i h oe County Open Spa ce Gran t: O pPn <;p~rP Fu nd· LIST OF ATTAC HME NTS Urd r ,oposJI TJbul.111 011 Ma p 5)94,000 S2 I, IUU s 1 ,7,;00 • • City of Englewood Bid Tabulation Sheer Apparent Low Bidde r Base B id Only -------------------.---.rnovalion Project Apparent Low B idder W/ Alt Added K C CCtp 0 ., ... ,e n:i en o B id Bond Addendum Ouali fic.al ion Add Alt Podestrian Total Baso and Alt Contract or YI N 1Y/N s Total Base B id Bridge B id Exceptions: RMA Group, Inc. y y y s 284,106.57 $ 58,208.82 S 342,31 5 .39 1 228 S Kalamath SL Oonver, CO 80223 303-377~51 1 Bervllle. lnc. y y y s 456,705.00 $ 138.~95.00 S 595 ,300.00 322 Berthoud Way Goldon, CO 8040 1 Y?0 -350-1700 Urban Far mer y y y s 268,332.07 $ 10 6,934.70 3 75 ,266.77 ~31 E86thAve. T nornton, CO 802296 303-853-8585 Jallsco lntomational, Inc . y y y s 392,491 .10 S 67,220.20 s 459,711 .30 - 6663 Colorado Btvd. Co mmerce Cltv, CO 80022 303-287~905 Goodl and Construction, Inc. y y N s 357,049.90 $ 61,1 ◄7 .00 $ 41 8 ,196.90 Statement of QualifitaUons w as not 760 Nllo St. rovidod Gordon, CO 80401 303-278 -8100 C olorado Total Mainlenanc• y y y s 350,94~.10 $ 57,357 .52 $ 408 305..:6_~. PO Dox 118 EnQlewood, CO 80151 303·995-9399 Duran E1:cavatln1J . I nc y y y s 330,936.90 S 57,002.00 S 387,938.90 4 18 N. 9th Ave. Groel e•, CO 8063 1 970-351-0192 • • • • • • SaBolls Enterprises. LLP y y y $ 247,678 .10 $ 81 .139.35 S 32B ,817.45 56SOWardRd. Arvada , CO 80002 303-(32-1410 Double R Excevatlno y y y $ 311 ,770.85 $ 55,388.50 $ 367,159 35 6800 N. Mwv. 85 PO Box 493 Sodalla, CO 80135 303-688•2703 KECI Co l orado. Inc. y y y $ J28.954 .80 $, 86 9 B1 .30 S 415,93610 5750 W Airuort Rd. Sedalia. CO 80135 303-791 -3753 New Deskin Constrl.lcllon y y y $ 430,71J.OO I 101 ,884.00 S 532,597 00 23S0 Eut 70th Avo 0envor, CO 80229 303-286.JIS-O0 Amerfcan C lvll Constructors , Inc. y y y • 260,040.00 S 67,S84.00 S 321,624.00 4901 S Wlndennere Littleton, CO 80120 303-79S-2582 Lobo• Structures. LLC y y y • 3'3,48166 I 6,.04s so s 4 05 .527 16 808' Sherman St. Convor. CO 80221 303-669-381 l Colorado Oesignscapes, Inc. y y y s 286,09 0.04 I 61,501 50 S 347.991 54 1 ~o E Fremont or Centennial. CO 801 12 303,721 -9003 L & M Enterorises. Inc. y y y s 356,426 .97 I 101,13383 S 457,56 0 80 735 E Colorddo Hwv 56 PO Box W Berthoud, CO 8051J 303-442-7401 i;, ~ C 0 "' U> " ~ " "' g ~-: ~ 0 "' N :l. z 2 ~ '" it I C ., il. 1 n 0 it n m ~ 1¥' ~ 0 " n 1,0 a: m :!! 0 n .. i , n ~ 0 j g ; El 0 • 0. m ~ ~ ,, ; E CJ ~ "' 0. m N ~ m City of Englewood AGENDA ITEM 10 (a) {PU!:JLIC HEARING ROSTER , DATE : March 19 , 2012 A Public Hearing to gather input on the proposed sale of the. Englewood Depot J nd the .490 are parcel on which it is locat e d . PLEASE PRINT NAME 41 _51c ,1~ D,;~,.~ ~O --"t Jlik"tf , +1 11111. ~ so C f l ADDRESS ~:\33 lb -L1 t.Jc:d u .1,9,/o cr u1, C\"u__~:ro L\B-S '5 , (1 ,V\Y'6.00.-.J51 38'1 <e .s-. ~£ 9 ,y'.7 yo .S, J._ ;,pa.y,,. S: f: 28(;0 $0 , Ufl..AIAJAKe, S --c.,, 0 fi 'l s tu. ~ av,· ~20<.... n ✓z )_ C.la-ki ci1 L\-4 S F O'f: J{lt;f f a =-~ 3 '7 (.J J ~ I PLEASE PRINT ---------------··---- • • • PROOF OF PUBLICATION C ity of Englewood , Colorado Officia l Website www .eng lewoodqov .org I. Loucrishia A Ellis , Ci ty Clerk , for the City of Englewood , do so lemnly swear that the att ac hed legal notice (N ot ice of Pub lic He,iring of the Eng lewood City Council - March 19 , 20 121 wa s publ is hed on th e 0 'ficia l City of Englewood W ebsite from March 6 , 2012 th ro ugh March 19, :2 012 State of Colorado County of A rapa hoe ss Subsc ribed and sworn to b efore me on this 1 g'h day of March, 20 12 . M~ Comm iss ion Exp ires · November 8, 2012 SEAL • • • CITY OF ENGLEWOOD NOTICE OF PUBLIC HEARING March 19 , 2012 Notice Is hereby given that the City Council of the City of Englewood, Colorado , has scheduled a Public Hearing at a Regular City Council Meeting on March 19, 2012, at 7 :30 p.m . in the City Council Chambers of Englewood Civic Center, 1000 Englewood Parkway, to gather public Input on th e offer from Pillar Property Services, LLC , to purchase the Englewood Depot, at 3098 South Galapago Street, Englewood , Colorado 80110 and the .490 acre parcel on which tho Depot is located fe r a purchase price of $fi 0,000. All Interested parties may express opinions in person at the Public Hearing or In writing to be received by the City Clerk by 5:00 p.m . on March 19, 2012 . Anyone wishi ng to speak at the Public Hearing may call the City Clerk's Office, 303 .762.2405 or 303 .762.2407 to schedule their presentation or a sign-up sheet will be available at the door. By orde r· of the Englewood City Council Loucrishia A. Ellis, MMC City Clerk , City of Englewood 1000 Englewood Parkway Englewood, Colorado 80110 PUBLISHED : March 7, 2012 Officia l Website of the City of Englewood, Colorado AFFIDAVIT OF PUBLICATION S I Il l· or Co br~dlt ) )ss C ounty or Arapahoe ) rh ,s /\ tT,d:n 11 uf 1•11Mir;1111 11 lnr 1h c !-.11:,:k word ! ll rai d, a wct'kl y ll C\\Sp;i pc1 . prull cd ,rn d pu bli shed flJI the Cou nt ) of 1\r;ip,1hoe:, S!il!t" ofC<ilurado , hereby cc:rt1 fi cs 1h.1 1 tht' :1u:1c hcd lc gt1 I 110111,,c wa!) pul.ill :,1u:d 111 ~.ml nc w,p,1pc:r ourc m cnch week. for I sue css ,ve wcck{s}. th t' l;1s: of whic h publ1r a1 1011 was rn:1cie pl'ior m th e I 0t h dny uf f\A ,tr ch A D .. 20 12, a11d th.i t n1 r 1cs o f cnc h 11 umbcr of !)aid pa ;,i:r 111 whi ch sa ,d fl 11hl1r ~n urt· \\;ii; puhh i;h,·d wr.n· dd ivc1.:d hy earners or m111 smi 11cc! hv mail 10 c:u.h o r lhc s11hsc r1bcrs tif :-a1rl p.1pc 1. :iccord1n 1; 111 thei r accustu 111cd mode of busmcs, 111 tl11s CJl:ll:C for the En glewood I 11.:ra ld, Stat e of Co lorado C ounty of Ara pah oe ) Th e :i hovc A.ffid i!v 11 and Cert1 hcaH: of l'u bl icc.1tm 11 was subsc~1bcd and sworn to befon: 111c by 1hr .1ho vl· uam ed J AMES A. DIAZ, r•u bll sh,;1, or Jt-.KbMY UANLiS , r ... 1ana g 111g Ed1 hll 1>f sa·d 11c·xs pa :1c r, who i, p~r:»onall v kn ow n 10 me 111 he the 1d c11 1u..:al perso n in th e .ibove c(·rti fil:itc on thi~ 10th d:iy <•ftv1,uc h A.D . 2011 N,,1a1y Pub lic. r--:nt ar:-Pu b:,c QRO O Mn11 n1 l'yr:mrnJ Co ur1. Sun e 100, En glewood, C'u loradn 8()' 17. ·µ. '+S-2 9 (-u b Ii<-t-l e /h'l I I.! 7 Publl tNolit• CITV OF EN GLEWOOD HOTICC 01' JIUOLIC tH:A fU HC. Mll'Ch11,20 1l NO!lceltlltroby g l¥1" u,,11t11 Cl'J Ca..nd l ol U,1 City cl Englt,.,ood, C0:0111lo,h,a.Cht ckl l.il 1 .. IIOllt tlt 11111V•t •~•11u11,CltyCou-.c l1 !.\oittlr gon /N ,e h 11,J012.•11.l Q p.m lt1 th Clry Cotncll CI\Aff!UitFS of Eng~C,..lcCenta,,1000 En11~P1o,......,11,tov•rtiarp11111\e lnput 1n lhoOITlflllffl PU1 1r P1opt<IJ S.r.k11,l LC,lopl.l'<l'IH1 IMI• ' ~i.-uod Dopot. 11 3091 Soulh Gatll)'QO !IUHI. [r glH•OOG , • \: Colo11doto110 andthn ,•U 0 1er. pa,ol on wh'th ti.. 0•po t 1• IUC.ll■d lo,111u1chuciprk1 of$e,o,ooo All lntt lfl litd~rtln n·1 r•,11t ■u oplnlc:n 1 tnpu.on 11th8Pu tUc Hu rl.-; or tn wrttln1 to °" rK ■l"IIO b)lh1 C!lyC11rt,.bi5 00pm on Maru 11, 201l Anyon, ...t 111100 10 1 pul "11,1 Pub Ut Hort "g m•y u .1 th1 CttyCl1,.,·1 0fflc1,lOJ.7112'05 01llll ,7U ,240J lo •choda.'1th1lr pm 1ni.uonor 1 1 g11 -u111 h101w111 t.1,..1H1bl 11\N dot1 r. n/c?.:;~tM ·~~-. : .. · .. -:- ltl• t no i.wood Clty Cnu~ Lo~crl;h;, 4· E11i~.M1t11C Clty Cl tr\,(lty o r £ngl11"""Dd 1000Eno1-ooc1P.11\.,,.,) EnQl 1 .. ood ,Colond0 11O1 1O l.eti->11411t1ceNo 45:?9 ' r 11,1 r11!l l,nt,nn V.11r11q 20 12 La~, f\1bhc1t,r-n 1.-.wct, 9 :Ol :? l'ullh~,hl!I lni! (rtl(l~"{',(XI H~a!d AFFIDAVIT OF PUBLICATION St .ti c of Co lora do ) }ss Cou my of l\rapilhnc } Th1 i. A ffid :I\ 11 o f P11h l1c:11ifln for 1hc b 1gk wood t-lcra ld . :i Wl'd .l\' newspa per. prinlc d and publi shed frn the 0111 11 y 1,.)f /\r:ipah ue, ~tJt,· ufCulOi :o 111.n:\~y ccn 1fie s th t•t ll n: au ric hcJ lcgJ I 1101 11 .. c w,1) p.1b li.-.hed 111 sai d 11 cws papc1· u11 c u ..:nc h wl:ck , for I succc.rn vc wee k(~). th e la)! of wh ich pub!ic;111on wa s 111:idc 1,1 io1 10th I• h 1 .1y llf M ,tn:h 1\.0 .• 20 11. and 1ha 1 co pies of eac h numhcr n! s:11d p.1 pc1 1n ,•,J1 irl1 :"'1 <1 1'1 1hlir 'Jn11 1c· wa :; pub li shed we re de liv ered Uy cn ni cr• or tnmsmill t ,1 t,v •· .1 ·1 'r) eac h ufthl.:' ~ubsc rib c,~ of sai d p 1p cr. accord in g 10 tlu:1: .!<.:lJ ,,,m .. 1 mOl.k n r h 1 ,illl.5S m tl u, uf~1u .:. for 1hc En •le,,ood I le ra id. Slate of Co loradt1 C OUil!)' 01 A r;i pa hm:) I he ab•wc Affid ,wit nnd Cemfic::m : of l1 ur>l irn11on \\'J !) subscribed ;md ~worn tc1 hcfo 1:! mi.: by th e a buv~·-m11 11 cd JJ\MES /\ DI/\L.1'11h lt :,,hc1·. or JE l<EMY LS t\NCiS. MJnaging, F.d1h.lr of sa id new sp ap er. who 1s pc15011a lly k11 ow111 0 me to be th e 1dc n1 1cal pe rson 111 thl· ,1bo vC' Cl'rt ifi c;i1 c on tlrn 10 th d:iy uf?vfo rch /\.0 . 20 1~ N,11:uy Puh h<' Nn 1arv 1'11hlw, \J SOO f\1ount Pyra1:rnJ Cu urt, S.lllc 100. 1.:ug,lcwuo d. Colc-rad o RO I I :! rt-'+S2 9 (!u I::, Ii<-+.J e.JMl!Jf P11b C Jrla lico ClfY Cif' (N(jLl:WOOD NOIICI: ('$' PU OUC ltl;J,At/'l(j Nou.1,he11tr o•~·" lh 1111,.Cl t1 Ca,mc I ol tto ;1ry cf Englewood, Colcr•tlO ,h u ec he dul•d •Plll!llc Mn rln;,1 1 1 A"Olll1t CltyC~M:JI l"N\J nQon Mrtch 1 1,l012,11 7 l O p rn. In in• CIIY c ou ~c:1 1 C N ntben 111 E"5l110M<>dc ... ,c c ont,u, 1:i:io En11S.w0od 1,Ju i,,,.•,,, to glfher putillc ln11 ~1 gn u,11 off ., fr om Pin., 1'1lll)lft'I' S.Nk .. , Lt.C, to 11uchu, 1111 , ' En;iiewood DopOL 11 lOH So<.tn Ctll p,gO Slt1oCIL'Engl--1, •. Cotoncl o 101 10 •Mt1'ft ,410 .er• p1n:1lonW!la(hlh001tf)Ol l1 IOUI .C lora p11rc:h oU1 p1tceol ,t,O ,UOO . All ln11, .. \l'dp•rtlH ll l '1'••11r1 u o plt1lr ,11 ln p,11AOJ11 11NP11bl/c: Hurlng or ln .. r11/ng101Hr.c:.lnd bJ N City CleM< Dr 5·00 p m . on lrl.u t ~ 11, 1011. Anron• w/1 htn11 1o •Pt•"•1tn1PuDllc'1H llr,gm•r~•II lhrl City c•-•• Otflc• .lOJ 711 2~~t OfJGl 782.2•07 to l t hl>dL~•theh p ru l'\t.tlono,1 1 1gn•11p1h N \.,l!I be 1~J lll bl11 ,1 U111 door. tl,i:.1:,.~~""'::..,;,. ...... lh1t'.'l(ll-01X!C.lt)•Coun:U Lout~l1 M11 /I. t:1111 ,1.i.--'C Cl1y Cl<lrti., Ci ty o f Englewood IOOO En11,-ood l'1rt:w•~ E1111,-..ooo,c mo reoo fl 0l 10 L al lloticc ·io .,~~9 F1r•,1 l•'uh1,t,11"m MJrCtl I) ;>Q!l l ll'.tPiol,t,tl ()O M~r cn fl :!012 P,1111,ner lh~ LHi[I!'"°"" llCrJl(l • • • COUNCIL COMMU,\I ICA TI ON Dale: ! Agenda Item: Subject : March 19, 20 12 I 10 a Publi c H eari ng to gath er pub lic input reg,irdi ng th e sa le u f th e Eng lewood D epot. Initia ted By: I Staff Source: City Manager's Office Michael Fla he rty, D eputy City M anage r COUNCIL GOAL AND PREV IOUS COUNCIL ACT ION During an [xecut 1v e css i n on Feb ruary 13, .!O 1 ~. City Cou ncil discussed the ini tia l pr oposa l fr om PillJ r Pr oper ty Se rvices fo r the sa le of th e En glewood D epo t. Council consid ered Pi ll ar's rev ise d propos al dwing the Febru,1ry 27, 20 12 Study Sessi on. Co un cil accep ted b\ m oti on o n ~1arch 5, 2012 the prop ose d pmchase pri ce o f s:., 000 , 1d set a rubli c hearin g for March 19, 20 12 to gather pub li c inp ut on th e pro pos<1 I. RE COM MENDED AGION Stafi recom me nds th at Co un ii co n side r testim o ny du ring the Puhli c Hearing rega rdin g th e proposa l receive d irom Pillar Property Se rvices , LLC , for th e purchas e of th e Eng lewood D epo t. BACKGROUND, ANALYS IS, AND Al TERNAT IVES IDENTIFIED La st fo ll , the City of Eng lewood w as approached b1• tw o di fferen t i;ar11es who ••xpressed int err•,t "' purcha sing th e Eng lewood Depot, located al 30 96 Sou th Ga lapa go Str ee t . following di sc ussion ro,g arding the proposa ls. Cit y Cou ncil requ es ted th at staff iss ue a Req ues t for P,opo sa l (Rl"P ) to ens ure th at the sale of th e p ropert y was open 10 all int eres ted partie s. Th e RF P was iss ued 1n late N ov ember. One proposal was receive d -th e proposa l submi 11 ed by Pillar Property Serv ices . LLC , to purchas e th e D epo t fo r S50, 00. Al it s March 5, 20 12 111 ce11ng, City Council ac cepted the pr oposer! p ur chase price, p end in g a pu bli c 1,e.1 ri 11g .1ncl ,1ppr ov,1 I of an ordinan ce io , sale of Ci ty pr ope rty The 1cr111s M1d condi ti ons of th e sale ar e 115 follows : • The p urchase pri ce ,.,.,11 b e SS0,000.00 Th e p ro perty will be so ld "A S IS, W H [Rt IS ." A ll warra nties, e,presse d or impli ed, :ncl ud ing fi tn es s for purpose o l L,se M e hereby waived by buye · • Th e City wi ll impose a dee d res triction o n th e property th at w ill req u ire th e buye r l o m ai n tain the his tori ca l stru cture for a minimun, pe ri od of JO yec:rs fr om the date of purchase . • Th e Buye r w ill re hab ilitate th e h is tor ic elemen ts of th e stru cture acco rdin g 10 the Secreta ry of th e Inter ior's Standar ds for Rehab ili tation . • Th e Buye r w ill provid e th e City wit h the ~ ghl o f Fi rst Re fusal, 1n th e eve nt th at Bu ye r su bs e~Jcntly sale s the p1 op erty w ithi n X yeMs from the da te o f purch as e. Th e Ci ty will no furn1sh 111l e i ns uri'\nce. • Th e Ci ty wi ll arr,111ge fo r th e quit ck1irn deed to be cxccul r d by the M ,wor "nd record e d upo n confirmi ng that th e Ci ty has rece ived full pu rch ase . Bu ye r mu st exec ut e ,1nv o th er do cumen ts n cccss;,ry to con!iu mm.i tc th e sale as prov1drd li c:r t : 1. Counci l 1s also b ei ng ask ed l o con sider a p ro po sed bill ·o , ;rn ordinan ce o n first rea ding (Age nda hen. 1 1 "'i} at the March 19th meet ing au th ri zlng a contrac-lo r th e sale o( th e [nglew oo d D p ot. LI ST OF ATTAC HM ENTS Pub lic in put rega rdin g th r sa le 0 1 th e l:nglewood Dcpo1 recei v ed pri o r to !he Publi c H eari n g Pr oposed Bi ll for an Ordinance • • • Wobmas tc r Fr om : Se n t: To : .ubjcc t : S1an Brown lslan@alamedawholesale com} Monday, Ma rch 12, 2012 2 11 PM \\lohm;istN City Co uncil s decision on dcpo! !tale I wou ld enco urage the city to se ll the d epot The proposal wo ul d nioke th e depot o more 01trac t1110 port of th e city o nd the ci ty would start ea rning prope rty tax off o f it Stan Brown, Pr esident, Alam ed~ W holesa le Nurse ry , 19 50 W. Da rtm ou th Me • • Leigh Ann Hoffhines From: Sent: • o · object : Leigh Ann . Ric k G1lht Thursday, March 15 2012 11:40 AM Council rw Englewood Depo t Sa le Plea5c forwa rd to Co un cil , Rick Gi llit Citv Cmml'il Mcmh cr . J)i.\trict IJ.I Office: 303 -762-2 .,00 llircc t: (30J) hC.-4 780 Email : millit @t.·ng lcwoodgov .org l'c rso nal Wch l':oge -www .Engl cwo odC itiun.co m I OUO E,t glcwo od Parkwa y F:nglrw ood , CO 1101 10 -2.17 .\ From: Steven M. Ward [bigsteve wa rd @gmai l.com ] Sent: Thursday, March 15 , 2012 10: 12 AM To: Rick Gillil Subject: Re : Eng le w ood Depot Sale C0t 111 cilma n Gi ll it. ~hank yo u br yo ur emai l. I am a rela tiv ely new res ident ol't he C it y o f Englewood: I bou ght a ,,nrne here las t ye ar, and as ide fro m a fe w visits fr om th e zo ning inspecto r, my ex perience has been ge nera lly good. My conce rn wit h thi ; tran sac tion is more gene ral than specific . I do not like to sec th e cit y divesti ng it se lf o f asse ts th ,tt are of hi stori cal va lu e . Pr es uma bly, th e impetu s be hind this llan sac ti on is th e cit y's curr en t fi sca l si 1um io n. By sel lin g Lhc Depot, th e ci ty ca n riul o nl y save 0 11 maint cm.111 t:c t:u sts but al su gcw.:n1h: a s11 rn ll wi11dfol l. That sa i<l , I'm hav in g tr o ubl e see in g th e harm . Per hap s th e price isn't id ea l, but acco rdin g tu my rea ding o f the ar1i clc , thi s firm is n't plunni ng o n tea ri ng down 1he Depci t, hut in re !=:lorin g it on the inside to a usc ab lc co ndit io n and prese rvin g it o n the insid e. I am hav in g tro uble und ers ta ndin g the pr0b lem with pu ttin g th e Depot to good ,1 sc -,·spec ially ii' it will att ract another bu sine ss to Engkwood. If th ere is omc bd1 i11d-1hc-sccnes. swee th ea rt deal th at I don't know about. th en I am conce rn ed . I wou ldn 't wa111 10 se c th e City Manager se ll in g cit y pro perti es for hi s fr icml s fo r below -market rates. That is a11 ah use of auth orit y 13ut . if' there is not a co nlli ct of inte res t, then I wo ul d enco ur age you to let th e sale go throug h instead ofb oldi ng it up over $130.0 00 . Sure, $130,000 is a lot of monc•y , but why not t,,ke th e· i:SO k nnw an d ru n? Tha nk yo u again J'or yo ur tim e. I loo k fo rw,trd to bei ng an active parti ci pan t in mauc rs of Cit y co ncern. Si11 cere ly, .tcven M. Wa rd 41i20 S De laware S1 Englewoo d, 'O 80 I I 0 Lei h Ann Hoffhines F,om : Senl : -.o· 9"bje ct: Leigh Ann, Rick Gill il rt1ur sday, Marc h 15, 2012 11 44 AM Council r:w . EnglP.WOOd Depo 1 Plc"sc fo rward to Co un cil. Rick Gillit City Cotm c:if Afcmber -DiJtrh·t #4 Officr : 303-762-2300 Direct: (303) 246-4780 Email : rgillit /a)englewoodgo".org Personal \Vcb Page -www.£11 glcwnncl C iti1.e n.com IOOO Englcwoo 1I Parkway r ,nglcwo o d , C O 80 1 I 0-2373 From : Be v Ni else n [bndogsr2knit@gmail.com1 Sent: Wed nesd ay , March 14, 20 12 9:35 PM To:; Subject: Re: Engl e,·•ood Depo t -i Mr . G il/ii , ..., have always 1ho11 gh1 afier th e historical p eople took over 1he depot. tl ,,,t J/,e city wo uld go in •11 i//1 the m to help prP.sP.r vP. 1hn1 b 11 ild ing n nd 111rn it into someth ing th e whole comm1111iry co11ld enjoy. A coffee w iifl place 1ha1 wo 11ld be a m eeting place/or g roups of people: bo ok clubs , knitting gro ups, l,vc local mus ic ians play ing th ere. We don '1 really have a "co1111111111iry coffee ho use" th a t does a ll tha t. I have been to o th er sm all town s thCI/ do ha ve s uch a p lace , and even in neig hborhoods aro und th e OP 11ver a rea. A lot o_f rim es it ·s the comm11nity m embers tlwr a r e in /hose p laces sometim e s ta king Wm s vol11111 eer ing /0 h elp o ll/ in it 's op era tion Why c an't we think 0 111 of the box a /i 11/e bit befor e we go off 0 11 a ra ngenr to sell ii lheflrsl b idder ? I hop e you will give a copy of this email ro Mayor l'enn and ask him if he has g iven us a ny ideas oj his 0 11111 in /hi s m a il er , besides sell ing? I a,11 d ef,nilc (v agains t sell ing th e depot before explori11 g o ther options. It 's a bil of a landmark h is 1o ry thing/or m e. as I lived here in E ng lewoud u., a ch ild a nd wan adult ca ugh r th e train .from that depo t. Also took a /rain 0 111 o/1he o ld Lillle ton depo r. Th ey d ,d n 't sell the ir depo l ei th er . Wh at did they d o with 1h cirs? And didn 'r that turn 0 111 to be a su ccesl:{ul endeavor ? f j us t thin k we a ll ne d 10 look a li11 1 •• 'i mher 10 fi nd a be11 er sol111 io 11 than 1o j11 s 1 p111 it o n the a uctio n block to get rid of it . I! has gn 're tro archit ectu re 1ha1 you ha rd!)! see a ny mor e, beca use th ey have been des troyed o r chang, '11/i re ly im o som ething lo /a lly d iffe rent. Yo u hnve my perm issio n to p11 1 my ema il with my 1ho11 ghts 011 this o u1 there in th e public if yo u so d esire. Maybe o ther people in o ur com1111111 1ty have good tho ughts. b u/ just ha ven ·1 put rhem o ut /here yet. We n eed rheir th o ug ht s too . • incere ly, Bev Nielsen Lo i h Ann Hoffh ines From : Se nt -~~ject · Le i gh 1\1m. Rick Gdll Thw ~da y. r-tar ch t 'i 201 l 1 1 45 AM Co1,nc 1I FW Eng lewood De pot Sa le Pl ease forward to Co unci l. Rick Cillit Cl~r Co unl'il Member -Di.ftrh't 114 Office : 303-762-23 00 llirert: ('0.1) 246-4780 Emai l: r•illit liil cnglewoodgov.or_g Pe rs nnal W~b P:1g,· -www.E nglc wond C itiz,·n.cnm l000 Englc\\o ud Parkwa y F:ni;lewoud , CO RO 110 -2373 From: Rick Olson lparick'l4@gma il.com] Sent: Wednesday, Ma rch 14, 20 12 8:4 8 PM To: Rick Gi llit Subject: Re: From your City Council man Rick Glllit. VERY IMPORT AN T ! PLEASE READ AND REPL Y!!' •. et s n ot sell i t for l ess thjc th e land va lue . rl 1w 1ks Ri ck • Lei h An n Hoffhines From : Sent : To: .ubjcct Le ig h /\n n, RickG 1ll i1 Thur sda)'. Ma rch 15, 2012 11 43 AM Cou nci l FW Englewood De pol Sa le Plcu~c rurwan.J lu C1.1 um.:il. Rick Gillit City Co u11 cll Memb er -1)/WrlCI 114 Office: 303-762-2300 llircr l: (303) 246-4780 Enrnil: rgillit r@.englcwoodgov.org r crson:tl We b l'a gr -www .Englcw11 odC i1iz c11.c om 1000 Englew oo d rarkway Englewood, CO 80 110-2 373 From : l.S-'1!9~~ [J 5vige 1@ao l.c om 1 Sent: Thu rsday, March 15 , 201 :! 5:11 AM To: Rick Gilli\ Subject: Re : Englewoo d Depot Saie .ick , I wou ld li ke to be kep ~ informed 011 1his matte r. It 1s ridicu lous th ot th :s property is be1n; so ld th,s way . Let mo kn ow wha t I ,,m do . Jim Sv igel 303-78 9-3691 • Lo, h Ann Hoffhin es From : S<:nt : • o: ubjcct: Leigh A nn , n ick Gill i! Thursd a y, March 15, 2012 11 42 AM C:>u nc1I FW En gl ewood Depo 1 Sale Please fo rward to council' Rick G illit City C0t111 ci / Mr.mher · m .'ilfl CI #4 Offirc : 303 -76 2-23 00 Direct : (3 03) 246 -47A0 Email : rgillit {a)cngkwu odgo v.o rg Personal Web Pa ge• www .E nglcw oodCitizcn .com IOOII Englewood Pa rkn ay Eng lrwooll, CO 80110-237 • From : mdcra vensrw aol.co m [n.-J cr .. ns@ ao l.com] Sent: Th ursday, March \5, 20 12 7:-1 7 AM To: Rick Gi ll it Subject: Re: En g lewood Depot Sale • ,ck . wi sh I had herd about the sale 50k for the land and bui ldi ng whal a sleal The ci ty should raJect the bid If the city rea lly ne eds 10 sel l th e property then 11 should be fo r a fair price At least 150 • 175K would be about righ t ,n this economy. Now the big question who is the buye r fo r 50k and who a re they connected with o n th e city co uncil. Sincerely. Mike Grav· s • Leu h An n /l ()lfhm c s From : Se nt · a.o: .,ubj ect: Lciglv\nn, Rick Gill 1t ThurSdJy, March 15, 20 12 1 1 32 AM Council FW Englewood Depo t Pl eas for w;!"i:,trfrt 1U Offi ce: 303 -762-2300 lliri·ct: (3 03) 246-4780 Email : rg illit @ cnglcwon d gov.o rg Perso nal \Vch Pa ge• www .F.nglcwoodCiti1.cn.com IOOO Englewood l'a rkway Englewoo d, CO 110110-2373 Fro m : Jeff Barker [JBarke r@ acm llp .com ] sen t : Th ur,ddy , Marc h 15, 20 12 11 :29 /\M To: Rick Gillit Subject: RE: Englew ood Depot .t"ar Rir k, I am an Englewoo d res id e nt ( 1400 East Oartm nuth /\ ve nue) and my wile and I o bj ec t to the sale of th e Englewoo d De pot for $5 0,000 wi th o ut co mpeti ng bids/o ffers and wi thout pu bliciz in g th e in tent to sell. I woul d be ha ppy to make ,m offe r on lii c pro pert y excee ding $5 0.000 . You rs tru ly. ~rcy W . Bark er Je ffr ey W. R:trk er, • l,A, C t:f'A . l'FS 111 0 11 Co lli ns Mi tchell L L I' JOJ E. 17 th Aw., Su ilc 600 n envcr. • • • ORDI NAN CE NO. SE IUES OF 20 I 2 BY AUT HORJTY CO UN CIL BILL NO . IS INTR ODU CED BY COUN CIL MEM BER A B[L L FOR AN ORDINAN CE AUT HORIZING A CONTRA CT FOR THE SALE OF THE ENGLEWOOD DEP OT LO CATED AT 3098 SOUT H GALAPAGO GT R.E ET AND PR OPERTY TO PILLAR PRO PERTY SER VICES LLC BY THE CITY OF ENG LEW OO D. WHEREAS, in I 9°'· the Eng lewoo d Depo t recc iv .. •I statu s as a hi stor ic stmcnire on th e State Regist er of I fi stori c Pt ... crt ies; and WH EREAS. in 1998 ,c Cit y o f Eng lcwooc pur:ha ,, ·he En gle woo d d epot and six lots at W::s t LJartm outh an d Sou th Ualap ago from the Eng lcwoot Housi ng Authority; and WHEREA S. Pillar Pro pert y Se rv ices LLC submit ted an offer to purchase th e Englewood Depo 110 di e C ity of Eugh.:w1.•oU, l!J 1d VVHERE AS, the En glew ood Cit y Co un cil r1p r,rnved a Mouon sett mg the pro posed snl cs amoun t fr om Pilla r Pro pert y Se rv ices, LL C 10 pl,;ch:1se th e Eng lewood Depo t and the .490 acre parc el on whi ch th e Dep ot is located fo r a pur chase pri ce of $50 ,000 an d set a Pu bli c Hearing fo r March 19, 20 12; and WHEREA S, th e ity ha s in cluded cert ai n co ndi tio ns fo r sa le as fo li o· The purcha se pr ice shall be $50 ,000.00 • The prop erl y wi ll be so ld ''A S IS, WHERE IS." Al l warrant ies, express ed or 11np hcd, includin g fit ness for pu rpose of use ai e he, cby wai ved Ly buyc:r. • The Cit y will imp ose a deed res lri ction on the property th at "ill requi re the bu)'c r to ma intain th e hi stori cal st ru cture fo r a mi nim uir, peri od of 30 ye:.m; fr om th e ci ate of purch;-i se . The Buyer will rd 1:1b1 li ta te the ltistonc element s of th e st:-uctu re ac cor ding to th~ Secretary of th e lm cno r's St a1;darcl s fo r Re hab ilitat io n. TI1e B uye r will pro vide th e Cit y with the Right of Firs t Refu sal, in the cvc:H th at th e Bu yer subsequ ently se ll s th e proµe r.y withi n 5 years fro m th e date o f purchase • Th e Cit y wi ll ri ot fumi sb title msuran ce . 11,eCity will arran ge fo r 1hc 1ui1 cl aim dee d to be execute d by the Mayo r and reco rd ed upon co nt imu ng tin t the Ci ty has rccet vccl foll pu rchas e. Ouye r must execut e an y ot hc: docum ents necessary to co:i s umma\ .. th e sal e as provi ded here in . N W, TH.h!U::i'l)KE, 8 1: rJ OlillAJNED BY T HE CITY COU1'C IL OF THE C IT \' UF ENG LEW OO D, COLO RAD O, THA T : Seer io n ; The C:ty Coun cil of tht• C il > o f F..ng lewoorl, Co lorado hc·hy authon zcs U1e sa le of the Engl ewood Dop,)l Jo car ed ar 3098 So uth Gala~ago Strec1, Englewood , Colo rado lo Pill ar Propert y Sr.:rv icc5 LL C as detailed in th e Contract to Buy and Sell Real Est2.tc , Exhibit A attacheJ hereto . Section 2. Th e Mayor 1s hereby au thori zed to sign sa id :mo execute cloc urn cnts mclcdm g th e Co ntract fo r Sa le anC Deed :i :ccssary te, "':O mplcte th e tran5a c on. Int roduce d, re ad in full, and passed on firs t rc.1di ne nn thr I Q1 h <fay of March, 20 12 Pub !islieJ Ly Tille tt s a Bi ll fo r an Ord in ance in the City's offi cial new:i papcr o n the ?.3 rd day of M arch, 20 12. Published as a Bill fo r ar. Ordinan ce on the City's offi cia l web site beg irm in11 on the 2 1" day of March, 20 12 fo r thi ri y (30 ) da ,,s. Kand y I'. Penn , Mayor A"TT ES T Kerry Bust ., Dcpu1 y C ity Clerk l, Kerry ,k s h, Depu1y C i1y C lerk of th e Ci1 y of Englewood, Colora do, h ereby certify lhal the ab ove ai1d fo rego ing is a tru e copy of a B ill fo r an Ordinance, u,trodu ced, read in full, and passed on first readin g o n 1h e I 0 1h day o:-Ma rer., 20 I 2 Kerry BuJh • • • I Th e pnnted port.ens ofthu fo.r.i, ex cep t d1 fier cn1 1nl!d add it ions, hl!ve be e!" appro.,cd hy the Co lo;:!do Re ul E!.ttt te Com miss ion. • (Cll53-10 -I I) (M nnd,nory 1-1 2) 9 10 I I ll 13 14 15 16 17 IR 19 20 21 22 23 t 27 2& T III S FO RM HA S IMl'O llTAN T LEGAL CONSEQU t;NCl:S A NO T II E !'ARTIES SII OULD C O~SU LT I.EGAL AN ll f/\X OR O T H ER COUNSE L 0EFO n E SICf..'lfl.'G. CONTRA CT TO BL"Y A D SELL REAL ESTATE (COMMERCIAL) QZ]1> ,,perty with No Re sid enc es) ([]Properl y with Rcddences-Res id cnti al Addendum A ttached ) Om : March _1~9~2~0~1~2 ____ _ AGREEMENT 1. AG REE /\ll~NT . Buye r. 1dcnufied in § 2.1, ag rees 10 buy, and Seller. icte ntifi cd m § 2.3 . ag ree s to s~II , the Prope rt y de sc ri bed be lo w 011 the terms and co ntl111 ons se t fo rt l, in tins cont ract (Co ntract). 2. PA f!TlllS ANIJ l'ROl'ERT\'. 2.1. lluycr . Bu ye r, P ill ar P ropen Se rvi ces , LLC itc s uccessors and/or as~i ni:; . will tn h ·i1le 10 th e Property descnbed below as 0 ,Joi nt T enant s Tcn 11 111 s :n Common ✓ 9ili,cr ~-------------· 2.2. Ass ign3bllit~• nnd l n urcm cnl. Th is Contract [{]Sh a ll LJShall No l be i.Ss q,;n able by Bu ye r witho ut Selic , 's pnor written cc,nse n1. Exce pt as !.O rcstric:cd. th is Con:n,r l shal l inure to th:! bene fit of ,md be bind in g upon th e heirs , pe rs on.!! re p,csent atlvc s, success ors a11d assigns of the pum cs. . 2.3. t it er . Seller, The Cily or E11g lewocd 1 a CobraCo ~Aun ic1po l Corpo ro~ion is the cunent owner nf 1hc PrC'l prny de'-cnb ed below. 2.4 . Pr oper ty . The Property ,s ti •~ foll owmg lc&all y dcscn bed rea l csL1te m th e Coun1y or Ar apa ho e Co lu,mlu A p orti on o f the w es t hair o f Btoc.:k 2 ,Taylo r's Additio n , City of En glew ood. Arop3ho a County , Co!o r :lrln hP.ino more part icul arl y de scribed as fol!o ws See a na chm e nt A 29 know n as No . 309 8 So ulh Ga:ap ago S_t_. __ E_n~g_le_w_o_od_,_C_o_lo_r_a_oo_8_0_1_1_0 _____________ ~ w s---~ Staie Zip 5) 54 togctht.r ...,jth 1.he ir.tere sts , en.<C m<'nt s, n ght:;, be nefit s , improv em ents and :itrnchcd fi xtur es app un.enan t thereto , an:! all mterc st of Sell er in va ra te d sucets and all eys adjace nt th ereto, ex cept as herem excl uded (P roperty). 2.5 . In clusi on~. The Purchase Pri ce mc lud es the fo ll owin g iie ms (lnc!usrnns): 2.5. l. Fl1 1u res . If nltnchcd 10 the Pro peny on the da1c of 1his Co ntra ct: li gh tmg, h:atmg, p:umb ing, ventil a1in g and air co ndit io ning fixt ures, inside telep hone, network a:1c! co axial (cabl e) v.1rin g nnd co nnecting bloc ks/p c1<s, noor coveri ng!:, in tercom .jslc:11 s , sprinkler sy~1e m~ and i;o nlJ C'ls, garage do or opener: in c!udins ~ re mote contrn ls O ther Fiuurcs : None If any fixtu res arc am1c~e d 10 the 1'1o?t'rt) .ifle, th e date of 1t11 s Co ntract, such ad ditiollil l fix tu res arc: also incl od t:d in tr.c Purc hase rncc 1.5.1. Pc rso,rnl l'roperty. l fon the Prop l'rty wh e1.hcr auach cd or not OJ th e da te of th is Contract storm wmdo ws, stor,n doors, wi nd ow and po rch sh:i des, awnin gs. bli nds, screens, ~dow c\)vcnngs, curtain ro ds , dfape ry ro t.ls. heatin g stov es, storage st.eds, and all key~. If1.:l1 ed.~, the foU ow111g OI C inclu ded: LJW :ll Cr So fte ne rs osrno kp/J."i rc Dclcc tors os .. c un ty Systems Osa1cUit c Sys tems (rn ch.:d rn g satelhte dis hes). · Ot h er Per so na l Property : Non..:. The Pcrson:i l Property to be co nvey ed at Clo:im!; sh all be convey ed by Se ll er fr ee au d d ear of :i.11 taxes t.exce pt prrno nal pro peny tnxes fo r the yea r ofClosint!), lie ns an d cncumbra nce:i, ex cci>I ~Nl~A~----------- Con\'eyan cc 5hall De by hill of sa le o: othe r ap pll cnb lc lega l ins tniment · !.5.3. T1 a dc Fh t ur cs. i.'/11.h ~cs pect to trade fi xtures, Sel ler and Buyer :1e.rct• as fo ll ows . N/A r n:n 10.11. CO/\'Tl(ACT TO !J U\' Ai\'1 1 St.:1 ,1. Rf' AL r .. 'ffATI! (COMMERC IAi.) ll l6 l 7 lS l9 60 6 1 T he Tru de F1>.tures to be con.,.ey cd at C lcsir.g sha ll be conveycc by Sell:r free 11 nd c lea , ofnll ia>.es (ex ccp1 µc1)u1u1 I propc:r ly ia~c s for the yc11r of Closing), li ens and :ncumbrances , except ______________ . Cu,1v~y11 11ce • s hall :>e by bill o r sJlc or other Bp phcab le lega l lll~tru menl. 62 6) 2.S.4. P er kin~ ond~ru ge Fa ci lities . Duse Uni)' Do\fnership n fth: follow ing parking fa ci htics . NIA · imd L J Ust Onl )' Oo,\nersh i11 ol 1he followmg stora ge fe cili 1ics : ________ . 2.S .5. Wut ~:-nlghL~, W aler und Sc wtr Ta ps . 2.5.S.1. Deeded Water fli c t11S. The following lega ll ydesc ,ibect wat er n glns· N one M Any v. atc r rights s~o ll be c onveyed by □--------D cctl O o tht:r ap pll c ublc le~u l im111.men t 65 n 2.5.S.2. Well Ri~hl~. If 11 ny will er well 1s to be trnnsfe rrcd to Duye r, Se ller agrc~ tu ~J pply 1cqu1rcd li 6 ~rma1ion ahout su i h well to Du yer. Duy::r under:il ond s that ,r the well to be vansfcrrcd 1s l!. Srnall C11pu c1ty Well or a Dom estu; 67 Excmp1 W11 tc 1 Wc.l l scd for ordin11ry hou se~o ld p Jrr,os es, 8 uye: shall , pttN 10 or lit Clos ing, complete II Clurn t;c: 11 1 O w1 ,e,~l1111 GS form for the we ll. If .t.l exis tin g we ll has no! bee:, rcgmcrcd wnh the Co!orndo Divisio n of Wu1c 1 Rc -s ou11:ci. in th e Dcpar1111:n1 of Neturn! Re sou rces (Div1sion), Bu}•er shn1l co mple te a reg1:;tr.Hiou of :xmi:1g w::11 fo rm for the we ll il ml po1y 1he cu.'>I of rcgislroti or.. If no pe rson wi ll be prov1d111 g o clorni i s:r,..1ce in connec!l on with th :-trar:snc ti on, Duyer sha ll rilt lh e fu , 111 w11h the 0 1vis1cn with in su:ly dn~s &fter,!J.p si ng. The Well Pe111111 ff 1s 69 10 71 72 7) ,, 7l NIA 2.5.5.3. LJWa lcr Stoc k C ert lfi c1 l ci': 2.3 .5.4. O\,\la lc r 'fo1 > 76 No l e: Buyer is nlh•ise d to ohtn l n, fr o m !hf' p rn,•i,h:r, wr ill cn confirm oti on of thr a 111u u11t rc1113inin1: IO he pu 1(l, i f a11 y, tun r i7 ,uuJ olhcr res lriclio n, for tr111u frr nrul 11\e. (I( lh f'. l ap. 78 1 .5.5.S. O t hrr Hl gh ts: 79 NIA no v.;;i ta r or scwor taps at lhis a ddre ss 80 81 2.G. Exclusio ns. The followin g ilcm~ arr ex cl uded (Exc lu sion~)· s:: None. 81 84 J . DAT ES AND DEADLIN ES. -Item No; Refe r en ce E,•e11 1 D:it c or DcaC:lln c I .t 4.2 Alte mali ve Ei!me st Monev Dead line NIA Title n nd Assoch1tion NIA 2 '7.1 Re co·d Ti tJ e b e~-dhne 3 n 2 Excc:ptiom Renucs : Ckn dli r.e -·-4 ,s , Record Title Ob 1c-ct10:1 Dea:i lin e ·-5 6 8,2 Off-H cco rd Tit le Deo dli~c --6 68,2 O fT-Rrcort1 Ti tle 0hiecti on Oca d!me --7 6 8 3 Ti•le Reso l111 inn ncnrl lm". --8 &?J Associution Docum cnr s Dc!\dl in e • 613 A r :;ociot ion Docum cnlS O b 1cction Dc.1dli :1 c 10 H 5 R i !hi of Firs t Rcfu;o\ Dcndl111c NIA --S CII Cl''S l'runcrt) Dis closure NIA I I 6 10,I Sc ll c1 ·~ P1u JCI I" Discl omr c Deadl ine Luun au J Crcllil 12 85 I Lonn An nlicntion De tdhnc NIA 13 '5 2 Loa n Condnmns Dead li ne Mav 4 201 2 ,__ 14 '5 3 Du..,cr 's Cred it lnlorma11c,n Ue nd lmc NIA 15-,5 3 D 1sa m,rovol ofBuvcr's Credit ln fonni\lion l)cndl 111e NII\ 16 ;:5 4 Ei.is:i 11 ° Loa:1 DocumcnLS De.edline NIA -17 '5,4 E:!_l_s ·in g_l-~a.:i Docun;enls 0bic cuon Dcadl 111c NIA IR ;: 5.'1 Loan Transfer Ap..£.!Pv_al De ad lin e NIA I ,\l)or ::ils::tl -19 66 1 I A ,or.ma! Oc:ad !inc NIA _ 20 ~ 6.2 I A :m ~11i ~ol Oh1 cct1cm 0 c:r:dlme -· Cll~3-I0 •I L. Or-:TR,..C'I TO BU\' A N O ~t:1.,1, IUl l\l, L:iT1tT ltiC D/II MCl1 CI AL) • • • Sur vc,· NIA 21 H I Current Surv:v Dead lin e -22 692 Curren! Su rv :v Obiect1o n Dcn dl.nc lmoectlon nnd Due Dilil!C nce NIA f-23 6 10 .2 tns J>cc ti on Obicct1on Deadlme 2 4 6 10.J lnsn cctio t, Resolution OCAdhnc 25 6 10.5 Prooc r • Insurance Ob1ec1 1on Dendlir.c 26 & 10.6 Due 01l 1eencc Doc uments De livcrv Dcadh ne 27 & IO 7 Due Di l1ecn ce Doc umen \5 Obiectio n Deadl ine 28 6 10 .8 Enviro n:n cn lal {nspcc tion Ob1cc:ion Dead '.inc 29 6 10.8 ADA C\'11lu11 :ion Obic c1io n Dea dline JO & I I.I Tena m Esto ooe l State1-:1 cnt!i Deadl ine J I 6 11.2 Te nant Estoooel Stateme nts Obiectio n Deadline Cln~lnl! ond rnssc..u io n 32 12.3 Clos lnc. Dalt Mav 11 20 12 33 17 Possessio n Da te Mav 11 2012 34 17 Pouession T ime a: closlna 35 28 Acceou ncc Ocnd\inc l)atc _Aoril 3 2012 36 21 Accc1>lance Ocndlinc Time m•d n1nh1 =r: 85 K utt.: Applicuh ili l)' or Terms. . 86 Any box, blank or line in this Contrn :t le ft b lu nk m compl cled with the 1lbb revi Jt11 •11 "NI A", or the wo ul "Dcle1cd " me;ms suc h !7 p,ovls ion m Oates uud Dcadllncs (§ )), in::l ud inc any r.l cur.llim::, •~ uut JpµliL11Lh: u 11 1.1 !he co 11csµv11r.l111~ p1vv1 siu11 uf 1111 ~ Co.111u,.; gs 10 whi ch refe ren ce 1s mnde ii: dclc!ed . 89 ·n .: abbre viation '"MEC" (mutu:,1 execu ti on of th is Contract) .,1e;rns th e date upon wh1c~ ho:h pnrt,es ha ve si gne d this Cont rnct PUR C HASE !'RI CI: AND TERMS . 4.1. Prirt und Terms. The Purchase Pr ice sci fonh below s hn ll b,· payob le 111 U.S. l>ollars by Bu yer l S follows . 11cm No. Refcrcnrc Item I 4 .1 Pu rch ase Pric e 2 4 .2 Earnest Mcn e • 4 • .5 l--'.cw Loan 4.6 Ass um 110 n Ba lan ce Seller or Pri vate Fine nc in 6 7 8 & 4.l Cas h at Closi n 9 .. _:1:orAL ----- 4.2. E:m 1cs t r.t onty. The Eam es: Mo ney se t fo nh 111 this sectio n, m the fori 11 of NIA _________ _ shall he pa ya ble to and hel d by NIA {l:nrnest Money Hoder), 111 its tru st acco un t. on bc hn .f of both Sc\le1 :i.nd Buy er. Th e Earnes t Money de pos il shall be :cnde 1cd w 1 ·, du s Cu n:r11c1 un less the p~1l.cs mutua ll y ngrcc 10 1m Ahcruo1ivr Earntsl Money De:1 dlinc (§ 3) fo r Its paym en t I! E.arne st Money Hol der 1~ oth er 1h.iu the Drokcrui;c Firm id entifi ed in § )J or f 34, Clo:nng ln:;trnctt0n:; :.ign cd by Buyc,, Sell ~r .rnd Eornc:s1 t,,"i onc y Hol der mus l be ob tomed on or bc io re del ivery oi Enme sl ~onc y to Enme sl Mon ey Holder. The pnmes nuthonzt tit-livery or 1hr Enrncst Muncy dep o .. 11 to the compa ny con ducting th e U osmg {Clo smg Company ), :f 1:11 :,,, :u or b:fo rc Clos ing. In the eve nt Eurnest Mone y Holdc, has o~,ccd to ho ve i11 tc1 es1 on Ecm es 1 ~oncy dc rnsi t.s tnmsforred lo a fund eslnLlis hcd for the pu rp ose of prov1d1 11 g affo1d:ib le housing to Colorn do res 1dent.S , Seller and l:iu )',.., acknow ledge und ng rcc th nt ar.1 mtere st accriJu ig on t:'l e. Ea m:st Mon e y dcpos11cd with the Ea rn est Mt·n~v Ho lder in this tH1 n~:1 c110n shall be lrnns fe m·d to such ~111~<1 4.2. l. Alt erna1iv c .S::l!r .. s, Mone y Dead lin e. The de adlin e for de livmng lhe En rw:st Mon ey, 1f olhcr than at the tu ne of 1cndcr ofth1s Contract is as •"·! ,nh ns th e Altcrru.11 ive Eu rn c~t Muucy Oc ntlllm: (} J). 4.2 .2. Rc1u rn of En cuc-.t t\·1oncy . If Duye , has a Righi to Tcrmi r.a tc and umc\y li:rmi rlil lc !i, Ouy e, sha ll be entt:le r.l to the rc tum of Eam e :t Money as prov ide d in thi s Co111ract. If th is Co ntro :t is :e nmn:i tcd as se t fo rth in§ 2S ;md , e xc~IJI os pr0\'1ded m § tA, ,f the F.Amc<:I ;.;"'lncy hns nt'II alrenrly ~een ret 11 mer1 fo ll nwmg rece ipt o f a Nol ice to Term ira te, Se ller agrees 10 C IISl-10-11 C.:01"-'l lv\C l''I U 111 1\' ANU !)t;l.L Jl l::A.1, l',!fl ,\IL fl.U,,lM l~llL I AI.J 107 10, 109 110 Ill 112 Il l 114 11 5 1 lU 11 7 118 11 9 120 12 1 122 ID 1!4 115 t:ll ec u1r nnrl ,ct um to Ouy::r ('Ir Broke r workm& with Buyer, wri ll cn mu tu el instru ctio ns, i.e., Ea rn est Mo ne y Release fo rm, v.1 1hin 1h1<"r ctnys nf Sc ll ci 's rece1 pt of sut:h fo rm 4.3. Form of Fur.ds; Time of Pu y m cn l; Funds A\•11ll11ble. d.'.U . Good fu nds . All amou nts payable by th e pnrti c,; at Cl os m1,... mcl udmit nny Joan proce eds , CI\Sh 11 t Clos ing an:i clos ing cost.c;, r.h 11 1\ he in fund s th at co mply wi:h all Bf)fl iicob lt Co lorado law s, inclu d:nr. elcctro 111c transier fu nds, cert ified ch eck, cavmcs and loan tell er's chrr.( nnd c11i.h 1e r·~ c heck (Ci nod F unds). •1.3 .l . Avii il wbl c F un rh. All fon ds rcqu ir ~rl In be f'I J td l\t C:oS .llG or 03 ol ht rw1 sc Dl:IC t d in '4ri t111 g b~twecn th e ptHt1cs ~hal l be 1i 1r.e ly p1id to altetw disburseme nt by Clnc:in~Ttp1rny ill Closing OR S UCH rARTY SHALL RE If\.' DU'AUL'f . Buyer t i-p rese nt!'. th st Bu yer, as of th e da te o f th is Co,11r~ct, l:LJ On es Qnnc" 'lot hav: fon ds th at nre im rn cd i11te 'y 1er ifi abl:: and P\'l\ll11b lc in trn 111n~u:H no t le:;:i; then .he omou n t st111 cd u Cash n1 c :oiing m § 4 I 4.4. . cll cr C on cos sio n. Seller nt C loi.iug, ,ho ll t r~tl 1t , n!i '1 1r:-c.1et! hy R11 y ~r. 11 11 a m n un1 nf .\ NIA to us1st wit h Du ye r's c losm& co :;ts (Se ller r·.,n ccss 1 ,n). Selle, Con ccss1on 1s .n ~,'di lin n tn 11ny :0:1111 S r.lie r hA<:: ng rr:t:rl tn r,oy or cred 11 D uye r el se wh ere 1:, this Con lroct. !:.e\l cr Conce:sio n sha ll be reduc:d to thr CA!en t 1t cx ceec:s the nmount Rllciwe d h :, Ruycr'i; lenrlt, ns set fort h in lh c C losing Stntc:11e n t, 111 CIO!l i n1;. •LS . Nc.w Lone. 4.5.1. Duyer l o P11y Loan CoHs, Buyer, ucept ns p1 ovided in § 4 (. if a pplicable, sba ll time ly pa y Buyer's lonn custs , lua u U1sc uu11t µoinL,;, p rcpnid i;cms 11nd loano rii;inn1ion fee :;, a:; ,eqm rcd by I•. !er . 4 .5.l. Bu ycr M ay Select Fi n a ncing. Uu ye: mil ) ply in c:i:;h or ~l ect fi nan cing appropriate nn d ac cept11ble ll Du yer, mt:lu d u1l; t. Ui ffe1cn 1 lonn thn u in iti tt lly rnugh:, ex e:pt ns rCJt r1c1cd in § '1 S 3 •Jr § )Cl (A d dit1 or:il l"'r ov1sionin . 12b O 4.S .J.d .,uu u Lit 11il 11 lio11s . l:lu yc 1 mny pu,chns c 1l:c Pr oper ty u:.i.:-ig ei ther of the following ty pe:; of 103 11 · 127 Co 11 vcn l io 1wl O11\cr ~N~"~'--------,-----:--:---:---:----------,,--,-------,- 118 4.6. Asi um pt lo n. Bu yc1 ugrccs 10 ~sumc and 114)' an ex1s 1i nt; loan in the. npp rox 11n 11 tc nmounl of 1hc A~:;J mr1ion 1~9 Uelan cc set fo rth in ~ '-,I , pr cs :ntly payublc 111 S ___ :-_ p!:t --~---mcl udi ng r'2-911 c1 iml a nd 1ntc1~:;1 1)0 p!Si,S :ntly fll the 1n1e or ___ ¾ pc:r1,ll,num , 11,nd ulso .ud uUi ug c,1.u1 w fo 1 the fo ll owi:\g n.s indicnted . LJ Il ea I gs1111c T n~cs I l l LJl'ropcr1y l11 su r11 11 cc Premium an dLJ Huyer ag rees lo pay a loan lru nsfe r fee 1101 10 ex c:cd S-----~· At t he ti1m: l)f e.s.s J1 11pt1011, th e new mlc:rcst u lc shnll 1)2 iJ) 1)4 1l5 1)6 1)7 138 1)9 1,0 I ~ I 142 not cx c!!cd ___ % per ann ur.\ and the ne w payment sha l\ nol t:x.ceed $7'""---,,,--c-pc r --,-----JJ •iucipzl nnd in :crest, pl us escro w, 1: 11:l}' If tt:c Jclun l principal bn lnn ce or the ex1s 1ing loan al Clusir.K 1s le1,s thu u the A!>su 1n p11.m Ihlan c.c . which ca use s the amount f cash rc,1u1rcd fmm Uu yer at Clos 1ag 10 be mcrcmscd by rno rc th nn i _____ . theu !lu1e1 ~hull hn vc the Ri1;:ht t o Tcnnirrnte un de r 9 25.1, on 01 before Closi ng lJat c (§ 3), ba sed on the reduced nmo um or the octu11 1 pr in cipa l bal nncc . Se l\ernSholl □ Shull Not be re lease d froµiJt nbi ht y o n .. ~1d loan . If apphcablc, cornph ancc with thcrL9uirerncnts fo r reie11.-.c fr on~l;-it'bili ty sh11ll be evidenced by de\ive1y LJ" or hcfo , .. l.o,1n T ransfer A ppruvn l Ucadll n c {§ J) LJal losing o r en Jppropna!e letterofcommi~m ent frofY! lender. Any cost pn yubl c for 1clcase of lio b:lil y sh:,!I be p:rnl by ______ _ in on arno~anl no 1 •u excee d$ . 4 .7. Sell er oJJ·, ale 1•·humcing. Duye~rces to exe c ut e II pron u sso:-y note Fny able to NIA ~· 143 r11,S,nJolnt Te nants Tcnonts)n, Commo n LPthu ___________ , on :he note form OS indi cat('d ' 144 LJ~foullR nt t )N 1-10-06 LJO th cr _ _ ______________ secured by a ___ _ I SO IS i 152 153 I H 155 15 6 15 1 p~. 2 nrl , etc .) d eed o f :nu t encum bering !he ~my, usmr. 1he fonn :is ind icn ted LJDur on Trn11 ,;f1•r -,!iu;i.ct (TD72-8-10 ) LJDuc 011 Tronsfor -Crctl ltwo r l hy (TD73 -8-10) Q A ss unuhlc -No t Du e un T rirn.dcr (TD 74 -S-10) LJ)thl'.r ___ ---------~~--------___ _ The prom isso ry nolt' sh:i.11 Ile nrr,om7.ed on th e bas.s or ____ LJre:.i rs LJ i\fo11 1t,s, payable n1 l . _ _ __ pn ______ 111c l11 ding princ ip nl :m cl intcrt'~t 11 1 the •111c of % per unn urn . Pny rnc nt :; sl:,d l com me nc e und shil l! b,: d ur o n the ___ rln y of c:ich fit1c cccd 111c _______ . If 1101 soun c1 pn id , the b~cc of prJill;ipnl nnd uc ::nied i nte l'CS:I sh I b•· duc 11 nC pay~Me ----------~~ilfler Clos ing Pa /me nts LJ S h 11 II LJS lrn ll N ut be in creu:;ed Uy ____ of tS:!1mated 11 11 nunl 1ea l rs:a1 c t:u:e s. nn cl LJshnll L}h:il l No l be mcrcusec1 b) --,----o f es1im :11ed mm unl prop:rly h s ura:iec premi um T nr loa n shnll nlm cnntain the follo v,ng tcr m i (I) ,r ,my pay ment is not rccc,vcd w 1Lh i11 ___ d11yc ufie 1 ilL d ue dnh:, n \.1\e c hu rge o f ___ ¾ nf ,;uch +i ay m~n, s ha 11 b e :J ue , (2) 111te1 c:,l uu lc nd c1 di~o u 1stmcntl u nde r the deed o ftnHi l s hjll be ___ •;. per ann'Jm ; (l) defo 11l 1 m!~,r~r mrr s t:a ll be •1o pc 1 111 µi.u.t~, (4 ) Duyer m ny prcp11 y wit ho ut n pc:nnlt )• except _______________ . and (5) ~S11 :i ll L..JS lni ll Nu t CA ta:ulc tllld Jcl ivc:1, !l t Clos ing, n Sc~uri ty Agreeme nt tind UCC I Fm :.ncmg Sta lt n\t:lll crnntrng the ~le, of tp~Jtomissory no le a ____ (ht, 2111.I, c lL..) :it:11 uu the pe 1so nnl propc r:y mc lu dcd in th 1:i ~nle liU)'Cr LJSha ll LJSha ll No t provide a mongagcc·s title iusu run cc puli 1.:y, at Buyc1's cxpe:uc C IJ SJ-10•1 I. CONT1t.ACT 1 0 ILU \' AND S l::1.1. ll~A I. t:STATF. 1C N 1M l!l1 CIA L) • • • .60 161 162 16) 164 165 166 161 168 169 110 11 1 11l 17J 11, rn 116 I 77 11, 119 \RO 181 182 IK J 18• 185 186 • 81 88 189 190 19 1 192 19) 194 11· TRA NS ACTION PROVIS IONS IC\N,1)1r.l NC: C-ONOJTJONS A:'I D OllLIGAl'IONS . S.1. Loan Ap pll co tl on. Ir Buyc , 1s 10 pay nil or pn rt of the Purcl rn sc Pri ce by obto inmc one or mo re new loans (\Jew Lean), or 1f 11.11 c~istinc luau 1~ not to be rclcuscd lit C lo:;in&, Duyer, if required by :.uch lende r, shnll moicc an applicaiio n venfi Ablr by s uch \c noer. on or before Lo au A.1,plicatio n OcndUne {§ 3) end exercise reaso na bl e effo rts to obtain i;uch loan or approval S.2. l.011 11 Co ndlliom:. If Du yer is lo r,a y all or pnn ol the l'urchn sc J'nc c with II New Lonn , this Co ntra ct 1\ cond1tionn l upo n Buyer dt"l!"'rrninine,. in Ru ycr'i; so le subjective disc reti on, whether the New Loun is sn t1sfactory to Buye r, in cl udin g its O\·ail.i bdity, p3ymenls, ir,tcr cst rate, tc:nn s, c:o nd11i ons , an d cost or suc h New Loa n. Thi s eond 1lion is for 1hc bene fit of Buyer Duyer ~ha ll have tb c Ril:111 :u Tc.111i nn te under§ 25.1, on or before Lo u11 Contlil lou:. Deadli ne (§)), 1f the New Lo,m •~ no1 s.itis fa ctory tu Buyer, in Bu yer's so le subjec:iv e discre tion . IF SELLER DOES NOT flM~:LY R ECE IVE Wn?ll'EN NOTI C£ TO TEH.M INATE. BUYER'S EA R NEST MONEY SHALL Ut: NUN1<1~t-'UNU ,\ULE, c).ccp t as 01 herw 1se pr ov ided m this Contru e1 (e .g .. Aprrn .!:n l. Title, ~urvcy) S.J. C r cdl l In form ation 11 11d Ru ycr 's Kew Seni or Loan . If Ou yer ts 10 pa)• nil or pu rl or !he Purch ase Pn c: by cA~Cutmg a pr onm,~ury 110\c III fo vu1 or Sell er, :>r if an c'<is tm & !onn u not to be 1elc:t !:cd ut Clos1n 8, tins Con1rnc1 ,s con dw omtl {for 1he be nefi t of Se ller) upon Seller's apprO\al o:· Buyer 's fiinn ci al 11bi lity aud crcdi 1worthmess, 'A•hich npp,ovn l sha ll be 01 Sell er's sole s ubj cct iv t cl i!.c reti on. In suc h cas e (I ) Buyer sh ell supp ly 10 Sell e~ by Hu yer 's Credit lnform nlion IJ cu dlin e (§ J), :it Buyer's expense, mfo rm :11 io n nn d 00.:11,nrn l~ (inclurhnc n cu 11e :1 t credit reporl) conce ming Ou }•er 's fmn,c ial , t:mp loymen 1 and credi t con d1 11on and Buye r 's New Senior :~.:i nn , de fi ned b:low, if any ; (2) Buye r cons ents 1ha1 Se ller ma y vcnfy Buyer 's fi nan cm t abi lity 1tnd cred11worth111e ss; (J ) uny s1.1d1 ,lifo1mn!io n .\n<! docu ments r:cc1 vc d by Se ller E>holl b:: held by Se ller 1n co nfid:n ce, and not rc\ca seC to oth ers ex ccp1 to pro tec! ~. l:cr's inl ctcst m th1i transn ction, ond (4) 1n the even t Bu yer is to exe cute t1 p1 ommory note secur ed by n deed of tm st in fn \(l~ .. ,· Selle r, tll'S Co ntrac l 11' con c1t1onnl (fo r the bcoch l of Sellei ) •Jpon s~Her ·s 11ppr ov nl or 1he te rms: and cond111ons of 1my Nl~w · ,,Jl iH \:c ohtn ,n ed hy llu}cr ,f the deed of 1ru s1 10 S~!le r ,s I{• be rn bor di n111e :r Buyer 's New Loan (Ou ycr's New Senior Lo;111J ~I !h e Ca sh at Closmc is less tha n ns set forth m ½ 4 I of t!1i s Contrncl or Buye r's Ne w Senio r Loan che ngc s frum thJ t 11pp11>\·Cd by Scllc1, Sc\l c1 .s h:ilt ha ve the Right to Tcrrru nutc un der 9 25 I , 11 1 or before Cl<"Slll!l 'f Se ll er d1s npproves of 13U )"!r's finu:'l cinl 11 bi lilY, crcd 1t~•ort hmcss or Uuyt: ·s New Se 11 ior Lonn , 1n Se ller's so le :,;ubjectrv e d1o;c rct 1on, Seller shall have the R1gl:l to Tcm1i nntc unC ei ·§ 25 .1, on or be fore Di s11 pprovnl of Buyer 's Cred i! I 11 form111io11 Uc a dllnt (§ 3J S.4 . E:dU in r, Lnnn Rtvlrw . If nn exi ~t mg lo:m is not to be re leased at Closing, Sdler :;ha ll delive r co pi es o i 1he loan dcc urn:nts (i ncl udmg not e, de:ed of trus l, nrid ~rv modi fio::nt ions) 10 Buyer by Exis ting Lono l)ocu•11rnu Dcotllin l' (§ 3). For the be nefit of Duyer, !h is Co nt ract is co ndil ionll l upr,m Buyc 1's 1cvi::w umJ uµp1o vnl o f lh d pro vis io·ns c,j ~uch ·onn docume nt:.: Buyer shall hJ ve lhe Right to Te rminat e under§ 25.1, on or befo re E xi sting Loan Oocurnt'nlS Object ion l)c:i dl i11 c (§ 3), based on an y uns AtisfR clcry provi sion or such loan doc umen \5, in Buyer's sole subje cllvr discretion . If the lc ndr:'s app rov nl of n tram:fc r of the P,opctty i:; requ ired, th i, Com n c1 is t'o 11 di 1ion11 l up on Bu ye r's oh1aini nk ,:ur.h npprn vnl w1tl1011t chnnge in the tcmu. of such loa n, except ns se t fo:1h in g 4.6. If lc n:1e r's opp ro'l al is not obta ine d by Laun T r nnsfe r Appro,·al Ocud li nc (~ 3), 1h1s Contra cl shal l termi nll tc o:i suc h deadline. Seller shall haY e the Righ t 10 Tem1 111a1e under § 25 I , on 01 Udo1c C lu~i 11t, iu Sell er 's so le $ubjcct,v c d1;crct 1011 , 1f Selle r is to be re lease d fr om li ab iht)' un de r suci , exis ting lonn and Buyer d ots not obtain such ;omp lirmce as sc i fo rth in§ 4.6. 196 6. APPRA ISAL PRO VISIONS. 197 6.1. Lrru!cr Propl!rt y Rc qu ircm ~nll: If the lender m1poscs nny requi rements oi rep air s (R::q u i,:mcnts) to bc m11dc 10 198 1hc Propt'rty (e g, roof rep:1i r, tt'p:i in1 inc), heynnc\ '.lu se n13 1ters al ready ag re ed to l'oy Se ll er 111 rhi s C nuu cl, Seller shall ha ve th e 199 R1~ht lo Tcnni r.:l le unde : § 25.1. (notw ith sprn.dms § !O of thi s Con trac1). 0 11 or before th ree da ys fo ll ow ing Sdlcr 's re ceip t uf the 200 i<eq uiremcnts, busel! on JII Y un~a11 sfoc tmy Retp11 c11 .. •11.',, i,, Se lle r's so le subjective d1sc ret ,1n . Sdlc,'5 Ri,;h t to Ternu nat c 111 thi s 201 § 6.1 sha ll no t app ly ,f, on or befo re nny terr'n inatm., ~y Seltc1 pu,suo ul to th ts ~ b I (I ) the p:1r 1ic.s enter in to n \\ 11 t1 en 1g1ecment 20 2 1eg1ud 111g the Requnerncnts , or (2 ) 1hc Rcq ui 1cme 11 15 lrn vt he w : ... ;;-::l lc tcc!; or (3) thz sat .sfnr11on of th e Reciu u cmcm s 1s wa1Ycd 111 20) wrnm i; by 3 u yu . ····· ~ · 20'1 6.2. ,\ppr:ilrnl C ondiliu n. The ap phc.ab le App r;w n! prov ,si or. -:t fo nh bel ow shnll npp ly 10 the res pect ive loan type set 20S lor th lll g 4 5.), e r 1f n cn.c;h trnnsa ~tio:,, i e no f nn ncmg, § r .2.1 sho ll e pp \J . 206 6.!.I. Co m·t•nH onol/Olher. .i yc r shal nuv c the so le option ar.d cle c1 on to term inate lh 1s Co n1nc1 if the 201 Prope rt y's vah.1a1 ion 1s le ss tt:an t,c ?u,cha3C Pr ,ce determin ed by an npp uuser enguged on !Je~alf of ~"'e''------- 208 The oµp11mn l shol l be received t~ Du yc1 or Duye r 's lender on ~, be fo m A11pr:i isul Dc:idlint (§ l ) Buy r.r shnll hnv r lhe Righ t 10 209 Tcrm in ulc under § 2:L 1, on or bcfu u: Apprnlu l O bjecti on Dl•rulliuc (§ 3), 1f the Pro ,:t'rt y's vu luo tio n is less 1l11111 the Pur :lum 21') Price and ~elkr's recei p: of c1thc 1 a co py of such :l;,praisal c: wrillen noti ce lr :>m l~.i dcr tha t co nfir m> the P,opc n y's v.i luwon is 211 tcs, tha n !he Purdrnit' Pro ce: 212 r7: G.3 .. -.J;ost ,1 ( Appnils:1I. Cost of any apprais11\ to be obta1 11:d ,1 ftcr th e date or it·is Conti Cl shnll be 1,mcly paid b)' 21) L!.J d uycr LJSclltr. EVIU);NCE OF TITLE A 'ID ASSO CIAT ION DO CU MENTS . C'RSJ 10 11. CONT IV.C'T TO II U\' A N O SL:1.L kCA L CSTATC (COJ\1/'o\E RC IAI.) "' 216 2 17 2 18 2 19 220 22 1 222 :t23 22<1 225 226 227 l.21:1 22!1 2)0 2)1 232 2JJ 234 235 23 6 237 238 2)9 2,0 241 742 24 3 2<4 245 2•6 247 248 249 250 25 1 252 25) 25 4 255 256 :!57 258 259 260 26 1 262 ').6'\ 264 265 266 267 268 269 no II 2"/l 7.1. E,•id cncr of Title. On or befo re Hc r.ord Title Dcu dlln c (§ J). Seller she ll ca 1.sc to be fu rr.ished to Duyer, 31 Seller's r~rrnsr, n c.u:-,r nt conµn.qrr.cnl for ow ner 's ti tle 1nsu1 :i nce po ll c:,r (711 le Cominnment) in an arnoJni equal to the Pur chas~ Pncc, or if 1h1s ~ox is rh!!t kr-.rl,LJAn Ah ~lr art of utle cer tified 10 n curr ent dat e. If tl'lc insura nce 1s furni shed , Selle: she ll 11.lso dehv:1 10 Bu ye r copies oi Rllj' 11bstr11r.1s nr !Il le covering nll or nny pnmon o f the Propeny (Absl racl) in Selle r 's possess o n At SC'l le ,'s cxpc n:;e, Seller shall c au se 1he tn lc insurnn ~olicy 10 bt' iss uer. nnrl ch:li ve1crl 10 Duyer 11s soo:1 as pr::ic ti ca btc .e t or after Closmg . T he title i n~u r;i 11cc com rr.nmcnt [Z]shnll LJShall Not com mil 10 r,r,\r1r-nr mrnre n •c1 the '-1:mrlM:! cxr:r:r ·inn,_ whic h 1c:l11e 10 (I) p11rtic l6 in j,O(j~css 1o n, (2) unrecorded ea ,cmcnts, 0) ~urvcy m1111crs, (4 ) urr ecorrled mc r h11 m .:s' liens,(~) j;l\fl r cn nrl (cfir .:11 ·1e date o r comm itmen t lo d nt e dee d IS r:.co rdcd), ,,nd (6) unpa ui tu:cs, ns scmnenu and 11nrt•1teeined tnx sales p·1or to 1he }'t~• ,f Cio5in1:,. A ny 11.dd1 tio nc l p1cmiJm cxpcn:-;c lo obtain lh1:; i1 ddiuon1 , ·o,cngt d ,111 be p11d b) (Z]Huyer Oselltr Nute, Tin:: 1itlc 1115u111n cc c-,mpnny may nol 1,1,:nc to delete or rn:;u1 ,, ovc1 an / or nil or the stund:t rd cx ccp tum~ Bu ye, shal l h1wc 1hc Jii~hl tu :cvicw !lie T itl e Co 11111,itmc n1, iu r,r ,v1~in n~ nmJ Title D, cum entt (defined m § 7 .2), nud if 1101 t a1d11 ctof)' to 8Jyc1 , D uye r m11y cAe1cbe Buyer•~ rig h:..s purs uun. tc § 6.1. 7,2. Coph:1 ur F..xcc pll u11 ), O u u1 l,efo1e Reco rd Tille Oc,u.111 ,,,~ (§ 3), Seller, 11 t Sell e r ':. eXpc1se, sh.J:t furn1 :;h to Duye r and _B uyur•~ Cuuoset (I) t:ul,l i~ u f 1.11y pl ots, dcchir a11('1ns. covc nunt:., c ondilion s ~ rernict10ll: burdrn1ni; th :: ?ro pell), end (2) 1f 3 Tllle Commi tment 1:. 1c:.p111c.l tu Uc fu nush t d, 11.nd 1f tl1i:; boi. 1s checked I Cop ici of nn} Och er llocu mcn ts (n:, ,r ille g ibl e, s ummo ~ici o f such docume nts) h~tell in ti c ~d ,:;du le ur e1.ce 11t1ons {Ex,cp1 1011s '.;vcn 1f 1he boi. ,s not c hecked , ~cllc, shntl hnve th e obligntio n to (\m us h th::sc documem s pu rs uu11 tu um. sectio n if' 1::q Jt:.!i lctl lJy Ru1c1 ,11 1y :111,:; on or before El'CCpt lo ns ll cqucs t Ucadlln c (§ J ). Ttus ,eq uir<•mem shal l n::ruln o nly to do curnc uls ns shown of record in th: um.c uf the clc~k a nd 1tcorde r m the COUl\ty where th e !'ropeny .s !o clttd Th : Abst rm:l l!1 Titl e Commi:ment, t:ig cthcr w11 h I ll )' ..:op•~~ u, s urnniaries of suc h cloc um ents ft:n11S hed pursuom to this section, co na!ll ut e :he ttlle lloc ur.1ents (collcc:1":Jy, Title Documents) 7.3. Homeowners' As.,;:oc ia tinn i)orn mcnu. Th: lcrm Assor in:,on tJocume:m co11s 1SLc; o f all ov.ners ' 1asoc1:111ons (Assoc,ntmn) dec larations, byl11ws , opernli ng ogrecmc nL<;, rules nod regu l .. 110:1s, party wa ll ag rce.:m ents , min uu:s of most ,eccn: an nt..e l own::.rs' mecl ing on d min ute-" {I r nny direclorS' or m11nr.ge1 s' m:clin &s dunn~ the St A-m cnlh p:nod unmedm tely rr:ceding the drn: of this C{l ntract, ir nny (Gove rn ing Doc um en:.'i ), n~os: re ce nt fi nanci al CocJmc n'..~ co11s1st111g of (I) :11 u1ua . ba lance she et, (2) ann ual incomr 11nd cxpcn dirur cs stm cm ent , an d (l) an nual budget (F111 1ncilll Docu men tS}, 1f nny \:ollecti ve\y, .'\ssoc1a t1 on Doc uments) 7.3.1. C ()Jnrn o n ln 1cres1 Co mmunll)' Di sclosu r e. 'HI E PR OrERT'\' IS LOC ATED W IT HI N A COMM ON I NTE l<EST COMMUl'ITY A~D 15 SlllJ ECT TO TII E DEC LAMATION FOR SUC li COMMUN ITY . T II E Oll'Nlcl( OF TII E PROl'ERTY W ILL II E REQU IRED TO BE ,\ MEMBER or TIIE OWNER 'S ASSOC IATIO . FOR TH E C'OMMIINITY AND W ILL BE SU BJ ECT TO T II E BYLAWS AND R ULES ,\NO REGULATION or TIIE ASSOC IATION. THF: IH:(:LARAT ION, BYL AWS, AND RULl:S AND REGULAT IONS Wilt l MPOS E FI NANCIAL O RLlGATIONS UPON T II E OWN F.R OF TIit PR OPERTY, l t'CLUD l NG AN OBLIGATI ON TO P,IY A ESSMENTS OF T HE AS SO C IATION. IF THE OWNER onr.~ OT PAY THESE ASSESSMENTS. HIE ASSOC IATION COULD PLACE A Llf.N ON T H E l'R OPERTY ANO POSSinLY SE I.I. IT TO PA Y THE DEBT . THE DECLARATION, BYLAWS, AND RULES AND REGUtATIOf\S Ot-"' HIE C OMM IINITY MAY l'H(Hlll11T TH £ OWN EH FROM MAKING CHANGES TO THE PROPERTI' WITHOUT AN AllC HITECT u RAL R EVIFW HY THE ASS O C IATION (OR A COMMn,·EE OF T II F ,\$SO CIATI CN 1 ,\Nil THE ,\l'l'llOVAL O F THE AS SOCl ,TION . l'UU C H ASERS OF l'RO l'ERTY WITIIIN THE COMMON I NTER ES T COMMUN ITY SHOU LD INVEST IC ATE TIIE F INANCIAL OBLIGATIO~S OF Mll MDERS OF TllE ASSOC IATI ON. l'URC HASEllS S H OULD CAREFULLY REAU THE DECLARATION FOR THf, C OMMU r-l lTI' AND T HE BYLAWS ANO RULES A ND llEG lL,ITIONS OF THE ,ssOC IA TION. 7.3.2. A ssociu1i1111 Doc um eh 1s to Ilu)'Cr. D 7.J.l..l. Sell er to Pi'o vl dr Asrnc htt lo n Doc 11mcn1.s. Seller s hal l cau se: the A~~uc111 t1011 Oucumc nts :o L..: Q' 1d:d 10 Buy er, nt Sell cr'!i exp::.i:sc, on (I T befo re Ass ocitl ll on lluc11111cnts Dca tllin r (~ Ji 7.J.2.2 . Scll r r /\uthorlzcs Auocl:a1 ion. Sei ter ou th ori::cs 1l1e A.ss oc1a 1io11 10 pro vale :he ;,:;s,1c1:t ll :>11 cume nts to Buy er , Bl Se ller's cit pcnsc. 7.3.2.3 . Se ll er's Oh ll i;:nllou. Selic(:, obl igil ti on lo p1ov1dc the Assoc 1a11 on Uocume111s sha ll be fulfill ed upon Bu,er's ,eceipt of the Associat ion Dne um ents, rcg.i rdle~s of who pr O\'ldc!. such documcn ls . Nole: (f nc:th cr bo,. in th is § 1 .).2 1s check ed, the prov isions of ~ 7 .3 2 .1 shall 11:pply 7,),3, Co ndllio nol on Bu yer's Rev iew. If th e box 111 e1:hc1 § 7.3 .2 I or§ 7.3 2.2 is che:ked , !he prO\'ISlOns of lh1 s § 7 '\ l ·"'rn ll P.fl ply Ou ye, s bll ha ve the Ri ght 10 Termin.itc under § 2S . \, on or befu1c A ~s od:i li ou Doc uments Ob j l'Clion Ocndlln..-(§ J;., b11sed nn nny •ln'-nfl,;foclOry rrov1s ion m on)' <'f the As~oc ioh on Docu1:1 cnts , 111 B uyer ' w sole su:>1cc tive rl1 !c1ct1 on Shoul d Du :,,c , rece ive the Associati o n Ooc 11 mr111s nf1 e r A~~nl'i11 1i nn Oi,,u menu ll c:,dlint: (§ )), P.u ye r, a l Buyer's opllon. sh11ll h.1vc U1 c Right lo Tenninatc un de r § 25 .l by Bu yer's l\'.otire ro Tcrmi nn1r rt"ce1verl h)' -;ei 1~r o n or bc:Or: 1e11 days aflc , !l uyer's recei pt o:· th e As.~oc intion Doc u:n enl~. I( Bu yc , doer not rc cci'le the Association DocuinM c.,;, or 1f R11vr.r's 1nticc to Trnrm alc .,.,u uld othc1>11h.e be rcq11 1rcd lo be rccc 1\'e.i ~)' Se lle, :.fie , Clos lng Dnle (§ )), Bu:,,.•r·i: Nut 1c e to Terrm nnlr shall b1: 1r r~1 ve<l by St:ll e1 uu 0 1 bi:fure 1!11ce da)'S p1iu 1 to C losin g o~~e ~§ ~). lfSc\lcrd oc::i n~ receive 3uycr •~ Noti ce to Te rm in ate w11h111 su:h 11111e, Bu ye r a·.cepl.5 lhe p1u \•i:-iu 11~ u r t ht A:.~u1.,at1u11 t,, cume nu u sa1i~foc 1ory, anc Duy:r wAiv ca a ny Rig hr to Tc rm tn :Ut under thu: provis1011, no 1wi1 hstan:l1ng the p10 v1s 1uns or§ S.5 CII S\-I0 ,11 IONTIU CT T O lll ll ' AN O SHL KEAL ESTATE (C<lMMEHC IAl.i • • • • 27) 8. ll CC O JlD TITLF. A.'1 0 Oi-'F.JU:CO R D TI T L E ~1A1 wl'f.:lt5 . 74 8.1. R ecord Tit le M nll crs. Duyer tm the rict t 10 rev iew a nd otject 10 ary o r the T itle Documents (R ighi to ObJcc1, l/':, Reso lutio n), .t s :.et fun h 111 § BJ . Ou yei's obJCLhUH mny be lJas c J u n uuy ua!iu t1:.fuch.::1y fvr111 u1 i.:unlt:nl u i T ith:: Cum11 1i:mc111 , 27 6 notw it hstand ing§ 13, or any other unsa 11 1i foc tory titl e cond1 11on, 111 Bu ye r's solt s ub1cctiH d 1~cre1ion. If Ou yc1 obJtC!S to an y or 277 1he Til le Doc uments, Buyer s hoe.II cau ~e Sel ler to 1ec c:1ve Bu ye r's Notice lO Terminate or No tice o: Title ObJt Cl1011 on or be fo r: J7 R Hcc nr.:I Tillr O bJcc t lo n Oco d ll nc O J). If Titl e Docu mcnlS are no t 1ecc ivtd by Uu ye r, cu or be fo,c th:: Rero rd Titl e Dcu llin e 279 (S j), or i f there 1s an end or~cment to lhc T11 le Co mnut m::nt tt,nt nCds 8 ne w Excc p~ion to I tie, ll c opy of 1hc new Ex ce pt ion 10 tit l: 280 i!.nd the rnnd 1fic d Tille Coinrn itrn en t shnll he dcli,•ercd lo Buyer. Du yer s h11II CIIU!'.C Se ller lo rcc ci,,e Bu yer':: No 1icc to Term in al: 28 1 01 No tic e orT,tle ObJcc11on on or bcfo r: ten d:tys enc, rc cc1p t by Ouye: of lhc fo llowing do l.ume nls (I) nny requir ed T1t l: 26 2 1Jocu mc11 1 not rnm:ly rccci'l cd by l:J uye r, (2) nny chan ge 10 1.hc Title DocumenLS, ur (3) endors:ment to the T it h! Co rn n11 11 ncm. If 283 Selle r 1cc.c 1ves Bu ye1 's Not ice 10 Ttrim n11te or Nolicc or Tit.e O bjec11o n, pursuun t to this § 8.1 (Re cord Title ti.faucr s}, nny 111\~ 28-' objection by Du ye r ond tin s Con11 aet sho l. be go verned b)' the provmons sc i fo rt h in§ 8.) (Rii;ht to ObJC Cl, Rcsol u uon) If Se llc1 28'\ <inc,; nnl receive B uyer's Noucc to Temuno lc or No t1c.e or Title Objcct,cn b:, the npp lic11h le ,;endl rn e s pe l.t r1ed nbove , Buyer 286 n:ccp1s lhe cond 1t1o n of lltlc as dis clo sed by th e Tnl r. Do cum c:1ts as saus foc to ry . 267 H.2. O ff R,:ronl Tille .\1nllcrs, Seller ~h:,II delive r 10 Ouycr , on m b t:ro,e Off-Rc"urtl T it le Dc utl lrn c (§ )), lruc :op1c:: l8 8 or i!.ll exis 11 ng s ur,c ys 111 Selle r 's poss essio n pc rlA 1nmg to the Propcny ond shall disclose to Buyer all e asements, !i c11 s (mcl url in g, 269 w11 ho 11t 1,,n11n 11 o n, gl1vcmmentel 1mp10vemei1ts approved, but not yet ins ,allc dJ or ot her titl e matlcn, (mc lud 111g, w1!h ol.t 290 hmllB l ion, ri i;h ts of fir st rcfunl i nd options) no1 sho "'n by public rc co:ds, of wh ch Sel ler has ::ct ua l knowledge Buye1 shal l hav: 291 lhe ngh1 to mspcct the Prop erty to invcsllgale ,f any third pa1 1y ha s a ny rig ht 1n the Pro pcn y 1101 shown by p ublic rcco,ds {:. i::h a:, 292 All un recordr.rl ca~emcnr, unrecorded lclllit, hn un1lnry Im: rl 1,;c 1ep;m c y ot w"er ncht s) Ruyer'i: Nn 'H:t· In Tt>:rm mate or Nn 1cc '1f 293 Title Objecti1in of ony u11 s11 1isf1\C 1ory condition (w hrthe r disc losed by S<::llct or reveal ed b)' suc h 111sp ec t1on, no tw1thstnod 111g § I)), 2'J.l in Uuyer's sole s ubJc euvc d u c rcuon, shol\ b ..: ,ccciv.:•l by Scll c1 on or befo re O rf-lt cco rd T itl e O bjecrlo n O c:1111l1 11 c (§ l). 'f Sc llc, 29S re:c1,·es 13uy:r's No1 1c.c to Terminate or Noucc o:· 1 ,tie Oi::Jett1on p:.i rsu:i ni to th1S § 8.2 {Off.Reco rd Title Mn ll ers). nny 111 1:: 296 obJctt1 on by .:Ju ycr and this ...:or;trac1 sha t! be gov cmed by !ht prov 1s 1011s :;ct for.h m § 8 J (k 1,;ht to UbJect , lt eso.utio nJ If Seller 297 does no 1 rcc.c 1vc Bu yer's Kotic c lo ·~crm n'~te or NOu c.e of Tit le Objcc1 1on, on o r befo re Orr•Rcco rd Till e Ol>jcc rio n Oe:1 dl i11 f' 298 (§ J), Il uy er litccpts title su':>j ec t to such rig hl.or.:, if ;my, of th11 d po.n ics or whi,;!1 n uye , has ac1ua\ know ledge 199 8 .3. Rlghc lo O bj r c t , li ur,lutlnn . Ruycr'; nchl In nhjecl In Any t1 l k m 1mrr~ ,;h 11H i ncl ude , hut nnt hr hm1 1~cl tn i hn,;:- 300 matt ers set fo rlh m §9 ~.I (Reco rd T ill e M att en), 8.2 (Off-Record Title Ma tters) and 13 (Tr:i nsfc r of Ti:I::), in Buy er 's sole JOI ~ultjc1..l1vc cfo c 1et.ou (i.:ollect i,•el y, Noti ce-of T1Uc OUJet l1on). If D uvet OIJJeCI~ to tny rnl:: ma tte r, on 01 befor e th e apphcotbic • 02 dead line, rl u)cr shall have the choice to eit he r '(1) obJ ect to the cond it hJtl of ti tl e, :,r (2) tc1 mm 1te this Contract 03 8.3.1. Tlt lc Re1.a,lull un. I! St:l!c r n:cc1vcs IJ uycr's Nohl.e of ·11Ue UbJCC ll on, tis provu.lct.J 111 ~ ij I (H..eco rd r 111e )04 Ma:te rs} or ~ 8.2 (Off-Reco ,d Tit le Mall rs), on or bcfoie th e app li cnble d.en dli nc, and if Buyer nn d Se ll er have no1 Jg recd 10 a JC.S wriae n sc tt \e ;11 ent ther eo f on (Jf be fo re T ille Rcso lulion Dc:i dli nc (§ )), this Co ntract shall te nmr.at c on th: ex p1ra11on of T itl e 306 Ruoluli on 0 1:ud lin e (§ 3), unless Sell er rec ci\'ts Bu yer's wrill en w itl:drawa l or Buvcr's Not ice of Title O bJec tion (1,c., Buyc r'5 307 wri :t en notict to wn1vc obJt:ctio n to suc h it em s an d wa ives the Rig ht to T crr.1im1 1: for that 1enso n), on or befo1e exp 1rt1 11on of Till e J0S Il c~o hlliO II Dcndlin e (§ 3). J09 8.3.l. Rli::ht to Tc rm lna 1c -Tltlt Obj e cti on. Bu yer sh a ll ~nvc the !light lo Term inat e un d::r § 25.1, on or )10 bcfo 1c the ll pphc n~le d:adlme, based on any unsatisfa cto ry Mic mnt lcr, Ill Buyer'; sole sub;ectiv c disc rc uo n. J I I 8.4 . S p "d nl T1nlnc nlsirlrt.~. S PF.C I.\.L T<\XI NC Ol .'TRJI T S M A,, B F.S IJIUF.f:T TO Ca:NF.llA I. OHi 1r.A TI ON 312 INDEBT EDN ESS T!IAT IS !'AIU BY R EVE NUES PH OOUC Ell Fl!OM ANN UAL TAX LE VIES ON TII E T,\X ABL E 313 l'ROPEnTY WITH IN S UC H DISTRI CT S. Pll OPEl<T Y OWNERS IN S lJC II DISTR ICTS MAY 11 £ !'LA CE D AT RI SI< 3,, l'O R I NCHEA SED MILL LE Vrt:s AN U TAX TO SU PPORT T II E El(\I ICINC OF S UC II 1'£11T WII ERF. rn CJU C U!1STANCES AR ISE RESULT ING IN fll E INAnJ LITY O r S UC H A DI STR ICT T O DI SC HARG E SUC H JIG INll EllTF.DNE SS WIT HOU T S UCII AN INC REASE IN MILL L EVIE S. BUYEltS SIIO UL U INVES TI G AH T II E Jl7 Sl'E C IAL TAXIN G IJ ISTll l CTS IN WIII CII T HE l'HU 1'£RTY IS LO CATED IIY CO l'ACT I NC TII E COU NTY 318 319 nu Jl1 )22 l2J )24 m 326 m "' 329 • JO J I T H.E ASIJ llEk , UV R E V I EW I NG TlfE CE llTI FI CATE OF T A XE S D UE FOR TH £ PRO P E RTY , ANO IJ Y 0D1'A IN I NC FURTH ER INFO RM AT IO N FR OM niE Bo'A llD OF C/J UNTY CO'. .. MJ SSIONrns . T HE CO UNTY C U RK AND KEC U RnEI{, O U. TU E CO U NTY AS SESSOR . B11 ye1 sha ll hilv c th e H.1gl11 to Term nute 1mder § 25 .1, on or before Off.Rec ord Tille O bjt:clio n Dcn dlin c (§ )}, bnscd on 11 11 y u11 s1?t1sfa ctory effect of lhe P,openy bein g locnt cd within a speci a l tt1x ing d1S1ri c1. in B uyer's sole su b_i tcll .; d1:;cre t1o n, 8.5. R ighi of Fi rs t R efu snl 11r C on 1r11c t Ap pro\'RI. If there ,s ii right of fi rst rrfo,;:i l nn the Prnpe 11 y, ot fl ngh 1 II\ !pprovc thi s Co ntroc t, Seller shi!II p1oruplly· submit tlus Contract ncc ordmg to th: tenns nr•d condi1 ions of s uch rig ht rf lh e holder of the rig lit uf fi rst 1c f11 s11 I cA c1~ise s ~ucl1 1igt 11 u, l1 1c bul lJi:1 ur u ri1::l 11 tv Jppruvc U1~.ip11rov cs tl 1is Cu:1tr11~1. thts Co111r11i;t :,h.i 11 1e11nmatt If 1hc n g ht of fi~t refu sa l is waived exp lic it ly or expires, or th e Co ntrn cl 1s app tovt:.d, 1h1 s C on lrn ct sha lt rer1111in in fu!I fo rce nn d effect. Se ll e, shall promptly notify Buyer m w11 1ing or !he foregoing If e:<pirn:ion o r wa ive r of the rig ht of iirst refusa l n, C:nn tra ct ap provol h,1~ not occ un ed on or bcfo ,e R i1!hl or F1rs1 R efus a l Ocadli ue (9 )}. thi s Co ntra ct snal! then 1ermme1e 8.6. 'Ill e Ad viso r y. The l1tle Docu:nents effect the !tile, ow nership and use or 1he Propen y ond shou ld be rev iewed care fully. Acld iti o nn ll y, ot h::r mauc,s not rc fl cclcd 111 lhc Tu lt Docu111:nts ma y affe ct !he l1llc, o.>w ncrship al.'! use or the Properly, inc,udm~. wit hout 1i 1mtn t1 on , boundary Imes Jnd encroac hmen ts , nr ca, zonmg , unr ecord ed ease me nts an d , taims of efl scm erts , CJ\S)·10 11. O N ntA CT T O II UY ,\r,/U 31:1.L IICA L 1:s·111n; {COtl:Ml:HC IAl.) 3J 2 J D ))4 J JS ))6 ))7 3)8 lcr.scs end ot 1c1 u:irecorde;:d 11.c1e;:c -r 1c11u., hutl v.i11u1..~ liiw ~ 11ml 1:o..,e 111 111e11ta \ 1egu lttJO ns co nccm111(; lune u,e , devc 1o p,,cnt a nt. e11 v1ronm en rn l 1t11lltcrs. The sud I.Il l' ntatc rnu y lie 01,mtl scpu1111 tl y fr om 11,c underlyi ng 111111cral cs1:i.1c , nnd 1!'ornfer or fht • s urfntt' rs1a 1c docs nol nctessurll )' iud udc t n111~fc 1 uf llu· 111iu rr11I right s 0 1 wntcr ri ghu. Thi rd purllct mB ) holrl in tc1·(!sts 111 oil, gos, 0 111 ,r minerals, ~co ch crmul cncr~y ur WK l t l' 011 ur v111l cr the 1'1 01,crt), whic h in I crests rn ny giv e thi:m rtG h h 10 e nrcr :rnd use chc T'ropcrty. Such maHc1b may be c~i.;luJ cd r,0111 ur uat Go\ercd by the utle 1n :surencc. po l·cy. Buy:1 1:; nd..,,::cd 10 tim e ly consult leg!I I cou nse l with re spect IO ull such muuen: us then, ure il1 ic t ti1r c limit.~ ptovi:kd in th is ConL-o ct (c: g , Record Tltlc O b j ec tion De a dline (§ J ) e nd Ofi-Reconl Title Objrc:llo n Oc udlin r (§ J)] H9 ~. CU Hl<ENT SURVE Y REV IEW. 340 !I.I . C urre n! Survey Conll itiun ~. If the bu.-. m t 9 .1.1 01 § 9.1.2 1s checked, !3 uye r, the ,ss~c r of tt-e T11 le Co1111 m1inen1 341 o r the provider o f :he opin io:1 of ti tle 1f un nbsu 11c:, aut! ________ sh,1 11 receive a Current Survey, 1.c., )42 lmprovcm:nt Locat ion Ccni:lcntc, h:-:p1ovcmcnt S ui ,e) Pl at 0 1 o\hc1 fo rm of surve)' :i c· forth 1n f ?. I ~ (co llcc11 ,elJ, Curr e nt )4 ) S urvey), on or hefo ,t Curren I Survc) Oc:11..lli ut (§)).'flit C .m:nt S urvey sh.111 be ccn ificd by l hc survc:.,-01 to oil tt-u se ,,ho ;ue )44 lo rcce i•,e {he Cun:nt Su l"\•ey )~!i □ 9.l.l . lrnpru l'Cllltll l Luc.M.iuu Cc 11ifk:itc , 1r th: box !I\ lh 1s ! 9 .1.1 is ch:dcC,O scncr o»uycr snail ord :r )4£1 og · ,rov1dc. and ;n1y, on or before Closing, the cost of ui1 l mpr uvcmr nt Lo catio n Cc rlifica lc, 34•1 Y.1.2. 0 1,1c r Sun•ey. I( th e box 1 .. thi ~ ~ 9 1.2 i1, checked , o Omenl ~u rv cy, l)thcr l ho n 11n lmprovcin r.nl Loca :ion 3:18 t rt1fl cLl lC, sha ll be 11n n 1mpro,cmc111 Su r VC)' ri:ttn _______ . The p!!.rl 1cs DE_;rcc lhal p2ymer.t a (thc :ost of 349 the Cur1cm Survey an d1ffi1'i(.!a tion 10 ord'!J ur pruv itl e th~1111co1 S u,ve y shall be .:s fo llows J l U J:,1 Buye r lll )SJ 9 .!. S unc, Ql,j i:t:l luu. Bu)c1 s lldH'hft1.•c'tlic right to rev iew nnd obj ec t to the Curren t Su1vt y . Du yer !i hlll hcve chc R1gh1 354 tCJ Tc rmir111tc umle1 925 .1 , on u1 bcfo1c tliC Curi'ent S un•t y Ol1jcctio n Ocn dlln c {§ .3 ), i f th e: C urrent Su1 vc y 1, r.ot 11 me t1 35:, rece ived by Du)t:r 01 bu~ctl 0 :1 uny 1111sa1id,1!.t~1) 111,:111c1 wi1h the Cu rr ent S urve y, no1w11 h:a ondi ng § 8.:? :>1 § 13 JS7 35b 359 360 ,r.1 367 )63 36" )65 366 )67 )68 369 370 37 1 372 ]}] )74 ns 376 ,11 )78 }79 JSO J&l 382 JSJ j 8 ;l 385 j 86 JO. l'l<OPWTY OIS C LOSURE, INSPEC:TION , 1 'IJEMNIT\', INSURAB IL ITY AN D JlUE DILIGEN CE. I 0.1. SrllH'~ Prn 1,cr1-y llisclos ure Dcn dlln c. On or be for e tllcr's Propcny Disclusun: Ocui.llinc (§ 3), Selle, 11grces 1:, • deliver to Ru~c : th e mns l c urren t vemon of the ep;,licable Colorado Rc nl Estate Co:nn ussion 's Se ller 's Prop erty D1scl osu 1c for r, comple :eri h) Se ller lo ·"elh::r ·s ac tu al kn ow ledge , cumnt a.s of th! da te of th is Con trcct. 10.2. lns p c c li o n Objection De ndlln c. Unl ess 01 h:rwisc pro·,idcd in this Co:i tract, Buyct acknowle dges thal £:lier rs r nnv ymc the Prn~crty 10 B uy er in on ":1 s 1s" cond 1ti (\11 , "...,here 1s" ond "with all fo uhs" Selic, shall d isc lose 10 Buyer, m wn ll n£, nny lntcn 1 de fo cts nciually kn own by Selle r. Duy er , acting in _,oorl fa ith, sh1 1\ have 1hc rig ht t o ha ve ins pe ction s (by on e C•r more 1h 1rd pu1ie.~, r cr.::one lly or both) of the Property and lnclu:.ions (Insp ectio n), 111 Bu ye r's ex~nse. Ir( I) the phys ical co11d 1tco:1 er the Pr ope rt y, in:l ud in g, h111 r:nt luni tcd to, tl1c roof, wa ll s. struct ural integrity of lh e ~rope:ty, the tlectnca!, plu mbing, HVAC 1rnd otncr mrch:m icnl sy,tcmt. nf the Prnpen·y, (2) the phys ica l co ndi tio n of th e Inclu sions, (]) servi ce to the Pro per:y (mclud mg ut li t 1es a nd c:o mmuni cation service.~,1 . ,l;)'St r.rns and compo:ie r.ts of the Pro pe n y, c.,. t:caung l'.m d plumbin1,t, (4) nny pro pos d t , cxut1nr; transpor1ntio n project, rn nd, !it rc P.t nr highway, or (S) BU) other ac li \'lf), odor or noise (wheth er on or off th e P1Q:m1y) and its effect u e,perted effr-c1 nn 1he Pror crt) m i1.; oct:upant s is unsutisfactor y, m Bu y:r·s so le s u·:,jccti vc di sc reti on, Duyer sh all, on o r before l n,pec l io n O bjrrtion O,nd line \§ 1)· l 0.2.l . l\'o tic r io T r r111i1111l c. Nm1 fy Seller in w n u nc tha ! thi s Con trnct 1s te rmin ated, 01 I 0.2.2. lils p crtio n Obj1•r li11 11 . Oeh ve1 to Scllr-r a wr1ttc11 cl .:s cr ipl :o n o ( ai y un sn11 sfa ctory ph ys ica l co 11 j 11 1on 1111 1 Buyer rcq ure s Seller to CO TTt'Cl l3u yer shall have the Right to Term111r11 e·11nrler § 2~ I, nn or ncfou: lus1,tctio n Ohj tction Dc1Hlli11 c (§ ]), ba s:d o n any um:a :is fac:ory physic2 I condition 11( lht' P1npc rt y or l nclui;ioni;, in Bu ye r 's sole subJ~ctive discre ll on. 10.3 . l11 s p.-c1lon n.eso lutlon Ocndlln r If Pn l n~pecli nn Onjr.c1io n 1s rcte.vcd by Se lle r, on or be fore: lns pcc:tio u Oh jcc tio n OcndUn c (§ 3}, and if Buycr and S:Htt h11\'t' :101 agret d 111 wn1 1ne 10 n ~c t1 1c:mem 1hw:or <lll or befo re Insp ectio n Hi:solu1iou Uc 11dlin • (§ 3 ), thi 5 Co ntract 6h11 \I tmrnnnt e on lMpt'<'tiun Rrsol111i ,,11 l),•:1dl i11t (§ 1), mi l .. ~,; Se tl er receiv es Bu r e1 s wri1tc 11 w11hdruwo l 1f 1hc l nsp:;;tmr. Objecuon before such te rmin:tl 1on, t c., 011 o: b'!for e ex ;,1r;-t t1on nf l n•q 1cc 1i o u Rcsolu li on Dea dli ne (§)). 10.4 . Damage, Li e ns nnd l ndcmn il)'• Du ye r, c1,.ccpt 11s otl1crw1se p1ovrded in t:us Co n rm r t or ~i e, w1i 11:n 1g1 ecrn cn1 btt,...ee n 1hc. pa rties, 1:1 11:spo nsililc fo r pa )'ment for all im pcc 11 om, tests, s wvC)'S, eni;inecrin1i re por1 s, or nny ocher work pe1fonmd .it Bu ye 1 •~ re q ue st (Work} nnd ~holl pny for nn)' d:un:ige 1h11 occ urs to the l•ropcny and 111:lus icns ns n rr sul l nf ,;uch Wnrk Buye r sh11 ll 11 01 pc1mi l chu ms 0 1 hens o:· any kind ogain :;t 1h r. l'r op er1y for Wo rk pcrfcnr.ed on the Pro pe·I)' nl Huyr ,'< 1cq ue1a Buye r ug1c i:~ tu iud cm mfy, pr o1ect and ho\1 Se lle r hn r111 1css fr om and ::i g::i mr.t an~ li:ib1 l11 :,, damage, c m t III expense m r.11rn hy Se ll er a m.I .:il.u:>cd li y ,my su ch Work, c lei m, 01 lien Th is ,:1demni ty lllC lu:!e s Seller', n shi lo re t o\e r all cos ts ai d ex;ien ~,.~ 1ncurrd hy • c11s: l(l 11, COK'T ll.\C'I r o nu,· At,'0 n :1.1. ltF ... I. FSTA"I [(CO ~IMl:IICIA LI -: 390 391 392 m 391, 395 396 397 ,l)s 399 •OO 40 1 402 403 \D4 40l 406 407 ,os 4"0 4\0 41 1 <ll 4IJ ,1, •Ill •: 41! 4 19 420 411 422 4ll 414 t 2S <26 m 42S ,129 430 •31 ,n 4)3 4)4 <Jl -~ ]i, Seller 10 defe nd og omst on y such liobilil)', damac c, cos t or expen se, or to enfo rce thi s scChon, mcl1Jd1ng Sc ltc, 's rcnsonoblc auomcy fees, le gal fee s 11nd C:'l:penses . The provis io ns of 1h 1~ scc1mn shnll s.:f"\•1vc the 1ermma 1ic n of 1h is Cn mr a.ct . 10 .S. ln s un.bllll y. Ft 11ye1 sh11 II l111ve the nckl 1n revi ew und ohjer.:t to the ov ;ul11b 1lity , terms an:i cond1t1ons c f 11ml prcmrnm for p ro perty insurn n~c (Pro perty Ins ura nc e) Buyer she ll have the R1gh · to Terminate ender § 25 , I , o-i or bcfor :: l'rupcrr y 111 ,uran cc O bjectio n Dea dli ne(§ 3), b1sed on ftny ur.sn tisfo.ctory provmon of the Properly l ns u ,onc e, 111 Buye r 's sole subJ ecti v• d1sc,~1ion 10 .6. Du e Dlll ccnct· Ou c 11 111cn'-'>. Sell e, ng •ec~ to deliv er co pies of the following documents and mfomrn 11on per1a11·ms to th : P1opcrt y (D ue DIi ige nce Docu ments) to Bu)'cr on or before nuc IJili gcncc Docu mc n1 s Del iv er y Oc nc.l llnc (§ J) 10 the t.\\crl su ch D ue Oihge nce Docu men ts cx 1st and nr e m Se ll er 's possess ion 10.6.1. All contracts rc la'.lnC 10 the oper.rnon mi!in1cnance and mi!nt!gemcnt of t:\c Propeq·: 10.6.2. Property u,x b ill s fo r the las 1 ~ yc11rs. 10 .6.3. As•bui ll constn.ietto n pl ans to the Prop er!}' a nd lhe 1c1111n : im 11rov emcn ts, rn cludm g nrc hitccturn l, electncll , m:zh11 mca!, a nd struc tur;i l syste ms; cncinecrmg repo rt s; a nd permanen l Ce rllfi c,uc.~ ofOcc up111cy, 10 th e ex lent now ovJilnb c; 10.6.4. A list of 11ll lnch1sions IC\ hl'\C-On\'f")'t'!rl In Ruy~r ; 10.6.5. O pcrollng stalcmen u for lhe pas t JjJ_L. years; 10.6.6. A rent 1011 ncc un te :md concct to the dn tc of th 1:; Cont,n c:: 10.6.7. All cu rr ent let1se], inc luding un y a mendments m other occu111mcy ngrccmc:11s, 11crtain mg to the l'rop crly (Lcasci:J; 10.6.8. A schedul e of nny 1ennn1 imp rov ement work Sel ler 1s obligated to complete bu t hns 1h'.>l yet complc!ed nnd cnpn.11 i111 pro\'e1r ~·r.1 work eit her schedLlcd or in pr ocess on th e date of this Con 11 ac1; 10.6.9. All in surn nce pol1c ic5 ;,eru1,ni ng 10 the Prop:rt)' and co pie s of 11ny chum! whic h have been nude fo r the p3SI two vei n s· --• '10 .6.IO . Soils repo11s . Surveys and e11g111ct:r111[: re port5 or data perta ining lo lh: Propert y (if 11 01 Je ll vercd ca rl1e1 under § 8.2), ' 10.6.1 1. Any and all cxi sti n& doe u1r:c11t1111on 11nd repo rts regarding Jl hnsc I ,md I I e nviro nin r ntn l rcr(lrlll, le11c r,;, ll":U re~ull s , aCvisor ies , llld similar documents 1esp ccuve to th t: e11;1stencc or no:1 e.~1slenc c of asbes tos , PCB transforme rs , or other tox 1l· haUl~do u~ ur c unt:m1 i1111tt:tl ~ul.is ta nces, ;:md/tW\mdci-gwund ~\orn~e ta nks end /or rnd on gai. If no rc:>o r!s nre m Seiter ':. po5~c:.:.ion or kr.011,•n to Se ller, Selle r shall warrnnt tha t n'CJ ·su:h fep orts are io Se lle r's poss e;si on of known lo S~ll cr: IO.(,, 12. An y Amcricanr wah /Juab1/Jtu:s Act re ports, st ud ies or survers concen:mg 1he comph :mce uf the !'1upcrty wi tl1sa1 dA cr · ' ' · 'io .6.13. A !I permi ts, license s ind oth c, r,, g or use n11thonz.i11ons 1ssi.el.l by Rn)' go ·1c rn mc n1a 1 aulhonty wuh j uri .. -ti cti on O\'t r th: Prope rty and wri tten nouec of O.O } ,11 1100 of ti ny such permits, Ii cerises or u se aut~,o nullons, 1f an)', an d 10.6.1 4. O:her Doc J rn e nts : ~N~o~n•=·------------------------ 10.7. Du e Dili g~nce ll orn m rri h l nn 1litlnm. Ru ycr ,;hnll ha,•e 1hr righ! 10 revie w 11nd objec1 to Our Di ligence Docu men ts, zon i ng an d uuy use restri ctio ns 1mpmcd by Rny gov!mn:cnta l nger,c y with JL risd 1won ove1 the Pro p:r ty (Zom ng), 111 Du yc1 •s so le s ubj ective d1sc re1ion, 0 1 Seller's failure rn dchver tu l3uycr all De e D1hgc ncc Doc u me nts . Ou y:::r i.ha ll also luvc 1t e um la1cra l right to v.a ivc a ny co nd :!100 hc rem. tu:/.1. Uuc Uili::encr.1J oc urnc111 s O hjcctlon. Buyer s hllll hnve the Right to T::r rn inatc Jmler § 2 5.1, 011 01 ln:fo 1c Du e Dlli ~ence O ocumenu Obj ecti o n Oeatllinc (½ )), b11sed on :my un sut isfa ct ory :n3ltc 1 with th e Dur Dil ig ence Docu,mnts, .n Buyer's sole su bjective disc retion . If, how!vc r, Due Di ligcn :e L ')CUm:nts :src no t um tly dt:li ve re d unde r § IO 6, or 11 ~:lier fads 10 deh\'c 1 all Du e Di licenc~ nocurneu ts to Ouy~r. thc1i Buyer sha ll hPv c the RiJ!,h l to Tcrmi no1c undc1 § 25 I on or be fore the earlie r of ten do~s ofl e1 Due Ulligt nre Uoc um c111s t jcc 1i on Dca dliM (§ 3) or Clo sin g 10 .7 .2. Zo ni nJ:. Ouyc r shall ha ve the Riuh 1 10 Te rmmAl e undi•r §H I on nr before Ou c Dili1:e11 1·e Doc urncn ls Ohjec lion OL!~d li nc (§ 3), bnsed on any uns1111s fB ctO ry zo mng , in Ou yc,'s 5o lc ~ubjcwvc d1 sc re1io n. 10.~. nu c Dlli ~c n cc -Em•irnn num ta l, ADA . Ou /Cr shall hove the ri ght 10 obt:1w cm 11011 rncn ta l 1mpechon~ of the P1op er1y including Phn sc I and l'hus e rt Er!v!ronrncntn l 1.1 tc Ass c:;sme nu, as appl ica ble. 0 Se ll er [{] Hu yc r sha ll ortle 1 or -1 rov1dc (Z]1•trn se I l-:n viro11111 c111 n1 Si le As scs~m cnl, QPhue II E n\•lron mc n~n l Slt r A))t:1>)11 11.:01 (1,,u 1np l.u111 w1 1h ASTM El :,2 7.05 stnnda rd pt ilcticcs fo r Env 1ro0tmntal Si te Ass essments) and/or □--------• at the expe nse of0Srllr r 0 Hu ycr (E nvironmenm l lns pccl1o n). In 11 Cdit ion , Buyer may nho conduct nn cvulu1nio n whe th e1 '.he Jlro pcrl y co mplies 1,1,1th the Am,-r,rm:J wi,,, Dm1hil.1ir.., Act (ADA 1:va lua.11 011) All s u.::h insrccllon s and evnlu1111on s sh,tlt br con duc 1cd 11 1 suc h ·1mcs as a·c mut ua ll y agrc cahle 10 mini mi t c lhe i11t crnipt.10n of Seller's Jnd nny Seller ·~ tenants ' business u;es of the P1o pe r1y, 1f any . 1 Guyer's Ph a:;e I Environ memnl Site Asscss:ncnl re eom men.'~ a Pha se II Envirnnine nu1I S11 e <\ss~,;•;ment, the En vir .. •1mc 111 :i l Inspecti on Ob j cc li on Oc:ulli11 c (§ J) s hall be exte nded by __ days ([xtended Environmc111al In spection Objcctton Dead line) 1111d i f suc h Ext ended Et1\•11 um 11 cntJ1I l11 :.µc,..tiu11 OUJci..t1ou Oc adl in e cx t•.:n d:-i bcyood the C lcJs in (: On ie(§ 3), the Clos in~ Oat r (9 3) shall be cx:e ndcd .i like p::nod of lll nc !3u yc r shnll h1ve the Righi to Term ina te un dc 1 § !5. I . o n or bctorc l:.nviro nmen toJ Jns pcc rl on Ob j ec1ion Deu d linc (§ 3), or if applicable the Ex1endcd Enviro nm e;ital In sp ecti o n ObJrct1or. De ndl inc , ba sed on any u11 sau sfo1~tol") re su lt s of Envirnnmenrn l lnsp::c cio:,, in Buyrr's so le su bJc ::11ve d1~.:re ~i on. Cll SJ-10·11. ('O/'\'TRACT ro nur AND Sl::LL ll[?A.L FS I ATE (Cr MMEIIC IAI.) 445 44 6 4,17 4'8 449 <50 45 1 t:;u yc r s h.tll hnv c t he Right to Tc rrr ina1e urde1 § 2! I, on or b:fore AIM E ,·ul u nthm O hjc..:1111 11 O r u,ll lm· (§ 3), Uo ~cd cm any tm sa 11sfac1Jr) ADA t:.vul u::itilJI\, Ill Buyc r'i, $O le SUbJCCtlYC dtSCIC .IU:l • 111.9. Ex h ti lll( Le:iscs ; M o dlO ca rl o n o f Ex lstin i; !..cues; New Lcuc~. Scllc:1 i,t11lc,; t l rnt none u( th: Leu ~ci, tu be t1 i.:.1~m:J 10 the Duyer o: 1he time o r Closing conu1ir. uny rcnl cor.cen1om, 1cnt m.J u..:t1um 01 1c11 1 nb1tt -:mcn ~ cxccµt iu c.h:.t.lmed III th:. L:nse or 01hc r wnlir& rece1\ed by Duyer. Sel le r slm :I not nmend, 1ltc1, ;mN.l1 (y, cx t:::11d 01 C/10 1,,el 11 1,y u ( the Lcit ~c:i. ,101 :i.l:11 11 Sc llci cnler into nny n:w lenses a ffcct111g the l'1 opc ny w1t hll u1 the p11 u1 wnll:n comcu t or Ou ye ,, wh :c.:h cum e111 ~hull 1u1 IJ : unrca~o ncb l y w 11hh el d or delayed , 152 11. 'I EN ANT l-:.S'J'Ut~1 •i,;L. ST ,\ I EMCNT S. 453 I l. I. l'en 11.11 1 l::scop1,cl St atements Cond ili ons. Buyer shall nave the rii;lu to rev:ew nnd obJett 10 nny Es10ppe l 454 S·n1crne11 1s Sell er shnll ob tnm und deliver 1(1 t;iu yer nn or be fo re Tc n unt E"IU l'Jl cl S111 1c111 c nu De udlln c O 3), ~1a1c mcms 111 o 455 form and s ubstn ncc reuso noUl)' nccepUlble 10 !J uy:1, f1om ea ch occ upant o; tena nt at the 1'1opc r1 y (Esto ppe l Srn temc ntt 11nn checl la 45ti n Cojly of such occu pnnt 's or te na nt 's lens: ond i!.n)' omcn drncnu (Lease) stJt int;. 457 I I.I.I. '!'hr co mm en ccme11 1 dntc nt lhc Lease Jnd sc hec-luled 1e:m ina :10n ctn1e o f the Le ns e, 458 11.1.2 . T hnt ~n 1d Lensc 1s 111 n1II lorcc 1tn d cffc:t nnd th n: there h8\C been n11 sub seq uent mod1fi cut1 .>ns or 459 nmcndments, 460 I I. 1.3. T he omoun · of" nny advance ren1 i l1-i)l\t d, rem conce S.i lff lS [;l\'e n, ond deposits p11 1d 10 Se ,ler, JC,] 11.1.4. The umoun : of mon lh ly (or other a ppll::-tblc period) renl ul prud 10 Sel :er; t.62 11.1.5 . T het l he 1t: i!-110 dcfou ll cncfor :he ter ms o: s:11 d Lea se by \u nd lord 01 occ upi\n l; nnd 463 11.I.6. T hc.t the Len sc lo wh1 :h lhe Estopp:l 1s Mta:hc d :sf tru e, corre ct a nd c omplete co 11)' ol the LeLSc dcm1s111s 464 tl:c prem ises 1t describes . 465 11.1 . Tc11 :1 n1 Es loppcl S1n1c mt•11ts O hj r.c tion . Ouy e, sh all hav: the Kight to rern11n:11e unde r § 2.\ I, on 01 before M16 Tc n311 1 Es topp cl St u1 c 111cnts O l,jec 1lo11 Dcodli nr (§ )), b:m:d on nn y 11nst11 1s fn c1cry L:.stcp1>e l Stateme nt, m /lu ye r s ,;ol c ,67 sub1:c11vc d1 sc rc1io n or if Seller fa d s to de il \'er lhe f:.s1opp ::I State mc nls on or ht :o ,c Te na nt Est oppc l Slwl cmc nh l)c:1 dl111 c (t J1 rt(,8 Du>•::r shall a!so have th e un il atcrr.1 rt:h t to wn1v e any uns1t1sfoc1 ory Estoppe l Statc:ncnt, 4i;1~ C LOS ING l'l<OV IS IONS 470 471 47Z 47) ,74 475 •Jo "' •78 47') 480 481 482 483 484 485 48 6 ,s , ,ss 489 49 0 <91 49 2 491 494 49 5 J96 49; I?. C LOS I NG DOC UMEl',,S, l :'>I STRUCTIONS AND C LO S ING . 12.1. Clo ~i11 g Ducu 111c11 ts :me! Clo~in g l 11 fo rm u1\0 11 , Sclll.:r 1111d Duyer s ho l\ cooperate wi th lhc Clo~i n& Company 10 en11b lt th e Cl.mug Cumpu 11 y tu prepare a nd dcltve1 documents requi red fo r Closing to Duyer i,nd Selie, nnd then dc s11:nccs . If Duy::r is ub :ui nmg a 111:..., luuc lu pt u ..:h.11.~c !he P1opc1ty, Duye 1 ocl.:J.1ow lcdgcs Ouy:r's lender shall be 1cqJ1 rcd to prov ide 1he Closi ng Co mpitri) m o 11111ely mum 11:1 ull lrHt uircC 1011 11 dccu1 11e111S and fit1Jn cml mfo 111 ic 1io1, conccm 111c 0 uy cr'.s new lo:m . nuycr an d Sell er wil l fu mi:.h 1m y adtJ it iu nul iufo111111 tiun 11 nJ dut.uu :cnts 1cq\l i1cd by Closm g Com1,11 11 y th1 1 wi ll be neccss:iry 10 co mplete !his tnnsnc uon. Buyer om! Se li c, .,hull )i~11111n.! cu mple le all cus1 um11 ry 01 :ca)u11 ub ly 1cr.:ui 1c d docu mc nu u: o, befo,c Closing . 12 .2. Closi n g tn slrr1l'1,'om . ~e ~ unU Selle, ug 1ec tu c.\CL ulc tire Cul unnlu Reul E:.lutc Comn11ss 1u1,'s Clo ~~ Inst n.c1101u SJch Closi ng ln s1ruc1io ns LJArc ✓ Ar r Not :xecu led With thi s Co :lllJC:t Upon mutulll CX.C\.:uti ou,D s ~ucr u nuyn shall dchvl!r s uch Closing ln mucuons 10 t \c Clos ing Company . l2 .J. Clu siug. Delivery o r deed fr om Seller to Buyer sha .l be ot clos inc {Clos ing) C los ing ha!I be on the r.l J !t spcc1!ic t1 ns !he Clos ln ::: Dale (§ 3) e r by m utua l og~eement rn on c:irh er dale . Th: hour 1md place of C losmg shall be as dcs1 g11 01cd by C11 y of Eno,~lo~w~o~od~------------ 12 .4. Ol sdos urc of Sc lll c mc nl Costs . Uu~c • 11nd Sellc1 .1 :knowle<tge 1.111! C()Sts , quahty, and ex 1e11 ; o f :i e1v 1ce v111y bl'lwecn d1 ITcrent settlement service providers (e g, .i nomcys, lc nocrs, ms pc c1 ms nnd 111 le comporn~s). 13 . TRM'.;Sf'EH OF TITLE. S ubje ct to u:ndc 1 of ?Uy1ni.·111 ut Closing ns requ ir ed herein nnd com pll nncc h)' Ouye, w1th the 01he 1 te rms ;md prov1 s1ons h::rcof, Se lle r !1nll exec ute end drlive r n good eud sufficien t S c ial Wa rran t d cd to Bu ye r, ot Closing, convt)ing 1he l'1opcrty free and cleat of all uu.es eAcep 1 thr gene ra l taxes fo: 1hc yea r of Clos,nc E1e :ep 1 is pro \tde d here in , title shu ll be conv ey ed free and clea1 of all he ns, including any governmc n1 :1 \ liens ro, specral un prov ~m::nts in st:i ll cd as of the date of Buyer's sigmiture he reon , wh~thtt n.ss~sed or not. Til le shn!I b: cu nvcycrl su bJec110 13.1. 11 1os e specific Excepnons de sc ri bed b) refe :ence to reco rded doc umc:-its as rcnectcd 1r, 1hc Tit le Documents acc epted by Buyer in acco rd1rncc with th cord Ti tle Ma11 ers (§ 8 .1 ), 13 .2 . Dis tr 1bu 1io n util ity e11scme n:.s (mdudmg cnb le TV), 13.J . These spcc1 f1 call y desc nbd righls of third pa rti es not 1hown b,· the pub hc ,ccords of v.hi ch 13u ye1 h:is Act ual knnwle1 tce rnd \ h1ch were accepted by Buyer 11111cco rdn11ce w:rh Q ff.Hcco rd Till e Mull e n (§ 8 .Z) on d Curren t S ur vey ltc 11i cw (! q). . 1:\.4, In clus ion of 1he Pro perty wi:h in nny specia l 1;11emg d is1nc l, nnd 13 .S. 0 1hr:1 See allache,j Aden :ium to Con tract CJ'I S \ 10 11. CON1 1lACfT!) DU\ A ~fl SR I I. Ur.Al , i;c;T.\TP. (CQ\IM~ltCIAL) • ."' 99 14 . l'A \'M 1;r,.:T OF ENCUM URA NCES . Any cn cutn t'ran ct: 1cqu11r:d to be p1u d shnl l be pn1 d 111 or hefo ;c-c::l m111g hom tht' p1ocecds or this trr.n ne11on o, from nn>' othci source 500 I S. C LOS I NG COSTS , CLOS I N(; FEE, ASSOC I AT I ON F~C S A ND TAX ES. 501 JS .I. Clo si n[! Costs, flu ycr nntl Seller ,ha ll pHy, m Good Funds, their 1es pe ct1,•c clos ms, cos:s an;j nll oth er llt:rr,s 1cq u1reC 502 lo be p:ai d at Clm:me , c,:c::cp1 ns oi hcrw,._c prov ided herein . _ 50l I S.!. Clos in~ Scr\llrCS Fee . The :"cc for real csto tc cl osin g se rv ice s shall be paiC at Cl osng by Oouyc r O sc l!cr 504 D o nc-ll alrhy H u)'Cr n nrl 011t-llnlr1J y Scll cr O o ih cr ___________________ _ 505 15.3. Srn rus I..C'ttcr And l'ransrcr f.'t:ts, Any fe es inc1den1 to the 1ssu1sn cc or Asso ciut,on's sta1cmcn1 o f 1mcss:nc n1s 506 (S\lltlJS Lcllcr.1 s hall be pn1d by □Ku ycr n ctlcr nonc-l l al f h! Du ye r nnlJ O 11 1•-ll 11 lr IJ y Sdk• O l"ulll' A ny lltll~rc, 507 fees assessed by th e Assoc1n t10 11 mclu d1ni;~1 no: hTiiit'e d :o, nn y record cht1ngc fe e , 1::gard lc ss of r.omc or rnlc,.....2f; su ch rt:e 50! (Assoc1 .111 on '! TrRn sfer Fee) shall b~11d by □llu yc rrls c ll er □O n c•Hu lfh y llu ycr nnd O ne.Muir ll y Scllcrl_JNonc. ~09 15.4 . Local Tr1 ns r,r Tn , LJTht Lncnl T rn 11 ~Tur 01 _~ __ 0/, of 1hc Pu r:hasc Pncc shn ll b: pant 111 Clo sm ,R by SIC Q u u yr., q scllcrnonc•l falf by Hu r c r and Onc-l lu l f by Sell er nl'·o nc. 'I I ..... 15 ~. ·1 h••tc'-raf'u ,<er J"re. l'nvatc tr11 ns fc 1 .ccs und o ther fc c::.'cru'c to a tt a.M:·cr of 1hc Pro p:r1y,~11b le at Closing SllC-h 512 ni com ··,,un,t} US.~OC 11t1: '11 lei.~. c:l:v~er ices an d fo undo110n fe e<;, shall be pi11 d at Clos ing b; O uu yc rL_JScll cr oone-11 :ilr (t) b) Uuyc r nnd O n~•Hnlfh)' Scll ~q _JNm1c. 51~ 15.6. 5.o l u nn d Ust '1'111. An y sa 1cs and use 111.-: !hut nta ) arcnic becau :;e 01 1h is Lre.m:a c11on sha ll be pa id when du e bv 515 Q nu ycr O Scll c,. O o n1:-H nl f hy Bu ye r nnd C1ne•lfa H hy SellrrOl"one. · !Ht :11 ~ I 8 !\q ~ 20 ~7 1 !-22 5V l2 • •;: ~27 528 529 l 0 n1 532 53 ) l3 4 rn >Jo m ns l39 540 l 4 1 14. )4] 1: rR O llA 'fl O <:: • 11 \·1 ng shnll be prom cd to C losln,:: i.Jntt' t§ J), excep l as othcrw 1s e prov 1d:d i.>.I . Tu,,,•. :•e r;.,),~ ti pi:11 y lll).(::,,, .r tl ll}', SJ1t. ..... 1 taxing d1st n c t U~SCSS III CII U , 1f tny , nn,Q.!-,cnct11I r e l\\ CS l.llC \,1~e 5 for !h e year of Clos ing, ba se d I I T111 rt§th c Cult.ndnr Vea r hn mcdin lcl y Prece ding C losnc L{J M o-.1 R ccc ut M,11 L<'vy nnd !\losl Rccc nl i\sscsscd V i..; .. 11 io n, or 0 th Cr 16.?. lt c nt,;, R nts based o n J'iC:i11 S'-,-,r-h-,,-cll-y'"'ll-,-cc-l,-,-d.,....,A cc ru ct1 At Cl usmj~, Sell er shall 1rm~~fc 1 (1 1 c1 ed1 1 10 Duyer th: security depos its for all L,ases jssi~ned'.'01 tiny rc rn :un:l er afte r lawful ded ucoom, :i nd no 1iry JI\ 1c rumts ll1 w111 ng of !luch trn m:fcr .md of t he tran cfcrc c'11 . Milt and add rl:ss . Se ller 5ha ll nss ign lo 11 uyrr 1111 1,c Ar;e~ in effr.r.1 111 \.!m ine anrl Buy er shu ll assu me Se ll er' ol-ligat1011 11.111J er •1 ·. i.e:!id'.' · '. _ ICJ .J . ,\~sett \Mtlun Assess me nt\, Cu,ttc:ill 1cg uhu t\ssut.i11 t1uu .ilo scss111e 111S and d ues (Assoc int 1:>n As sc!mncn ls ) pa id 1n ad van ce 5ha lt be crccl itcd to Seller at Clo':;ini'.' Cc1sh rcscr\'eS held out or the ,cgu la r Associ ntmn Ass essm ents fo r dcfeircd mcmten anr-c by the Ass r -;iatio n ~hn ll not be°crech ttd lo Seller except ns may be othe rwise prov .dcd by tt c Uovcmmg 1Jocumcn1s . Ru )'tr itckn u wl erlgcs . u1 t Auy er mu:,· be obl igll led 1:> pn y th e Associnllon, nt Cl os in~. 1111 nmouut for re serve s or wo rk~n C3 ptta1 An) s pc ·inl nsscssmcnl ns s:ssed prior to C losi 11 1: D:1 1c (§ 3) b)' 1t:c Assoc1ot 1on shull be the obll gu ti on ~f I I Jlu yer I Se ll er E,.c:cpt howe ve r, en )' spe ial ns~cssmc nt by the A::~oci a11on for 11 .1provcmcnts th:11 hlve be tn 1nst.1ll ed as ~he da 1c o uyer's sigr:o.turc here on , whether nss ess:d pnor lo or oner Clos ing, shall be the ob hga1 1on or Seller . Seller re p1c scn1s that 1hr Associ ati on Ass :ssmcms ;ire: currc:11 ly payable 01 S _____ per _____ a nd 1hn1 th ere 11 1c 110 unpiud 1couhu 01 ~µc ci ~I as sessments agu 1nst the l'ro perty e).ccpt th: cu rr cnl ,cgular ass es sme nts :m et -----,----~--,-Such as se ss ments urc subjcc: to chnn (;C as prov ided in th : Go ve rn ing Doc um en ts. Se ller eg,ecs to prom11 t!y 1eq ues t thr As soci11 t1on lQ del iver to Uu yer b!forc C lo,ln~ Dn l t> (§ 3) a cuirt'nl S1:11us Lrllr r 16..t . O thtr Pro ratio ns. Wnter an d scv.•c r chnrgcs , inlercs 1 on conllr.urng \Jan. und __________ _ l ri.5 . Final Sc 1tlcm 1:11 l, Uni~·:,,:, uthc 1 v,,• :,c ugu::cJ 111 w11 1i11 &, tht:i: pro1at ions s:Ja ll he finnl. 17. l'OS SESS ION . ?ossess ion u f th e Pro pcl!y shall bi: dcl.vcrd to 9u)'cr o n Poncssilln Dutl' (§ 3) at Pos :,{'u lon Tim<'(~ J.I, su b_rrt h) tht follnwrnc I C:l~C!i or IC llll\ClC.~: . Nono If Sei ler, :ifte, Clos;n :;, fo ils to dehvcr pi>s~e.'iS 1on as s pec ifie d, Scl k r shalt be '>uiJJt ct to cv1ctio11 'I nd shall be add1t 1onally habl e 10 Bu y::, rm pnymc 1:t ol SN/A __ pe r c a y (o r ;my p.:,rt ()( o dn )' 1101 w,thil11 nc.111g) 181) f1om russrs sit111 Oa1c (§ J ) iltt d l1os~c sslu n Tim e (& 3) un til po ss:.sS1r;i11 .is ~c!ivm:d GE N ER AL 1'1<0 \'ISION S I S. ll A \'; COM I•UTAT ION O F l'E IUO O OF UAYS, IJEADLI NE. 18 .J. Day. As used m this Cunuu..:t, 1he lCltn "du)" :,hall 111c,1n tl1 e c11 111 e d.,, endin g nt 11 :59 p.m , Unite d Stut es Mount a in T11:1e (Stilnd1rd or Da:,l1 gh : Savi ngs as opph cilble). 18 .2. C umpulatio n of l1crl od of Days, Oc:,dlinc. In computing c period or days, when th e cndmg da le 1s not spe:1h cd , the first d:iy 1s c-:cl ude d 11r d 1ht IA'-1 Ila)' 1i: m·lmi <'rl. e g, tine~ fl ay,;; nfi er M EC If nn y deadl ine foi ls on a Sa tur day. Sund ay er ,>O '" S'2 ss, 554 S5 5 55 6 S51 ssa S50 S60 S61 562 S63 56,1 S6 S 566 ,67 ~lilt S69 570 571 sn 57) 57 4 575 576 577 578 S19 S8 0 58 1 58:? 58 3 584 585 586 587 588 589 <90 591 59 2 59] 59< 5!}5 596 597 598 599 600 60 1 6 02 bl:1111 01 Colu 1,llo st111c holida y (ll ohd11 y), s uch dcodll n : CZ) S hull O S hull N o1 be e,:tcnded to t h~ nc1tt doy 1hri1 1s not :i 5atu 1 d11 y, 5 u11d 11y or I lolid<l )'. S h oulC nc1 1hc1 b ox Cc c.hc :k cd, the Jcodl111c sho.11 not be c~tcndcd \'), C AUSE S OF LOSS, I NSUJlANCE; C OND IT IO/\ V F, D1\M/\GC TO PROP E RTY AND I NC L US IO NS A NO \\'ALK -TllllOUG H . E ~cept o:: o lherwi ~e p1 0Yidcd in th i:: Contract, the Property Inclu sions o: both ~h all b e dcli ,en:d in 1hr c.or.d i1 10n cx 1sL1ng iu of the dote of thi !: ConlrJcl, odinnry wcnr and 1e11r excepted . l 'J,1. C uu sc.,;: of Lu ss, l m urnncc. In lhc even t the Propcn)' or lncl m;1ons ur c dnn,~gcd by fire, 01hcr J:c ri ls; 01 r :iu~e~ o f !os s prio r lo Clo,ing in on nmou:1 1 of n o t more than ten pe rcen t of the 101111 l'u,ch3se P·ice (Propert y O8m11g,e), Seller sl111 II he ob llg0 1cd Ir rep n1 r th e ca me bc fon Clo slni; O:at e (§ J), In :he C\cn: scch damngr is ,01 1e1111ircd with in said I mr or if the chm iee e>.eced s such i.um, thi r Contrn cl mny he len ninatcd 11 the op 11on o :" ll uyrr Au yer s hnll have lh e Right 10 ~cnnr mlc unde r 9 25 .1, on or befo re Closini,: Dat e (§ 3), bas ed on nny Pror,crty Dtt mngc no1 r~p nircct hefnrc C losl nc O ni e(§ 1) Shnulrl Buyer cl ccl to carry out lh 1s Contract desp11e 5uch Properly Dilmage, Ru)CI <.;hl11! ht ent itl ed lo n credit a: Closing fo r all in,;urnm::: IJfOttcd s Iha: were rccc1\cd b~ Se1 1::r '.but nor the Assnr•n11on, if 11ny) rc,.11 ll ina from suc h damace to the Propcriy and Incl usion s, plus 1hr amoun l of any d cdu c1i blc provirlefl fo r in q,rl, in~urAn cc pti li C>" Such credit shell no 1 c~:ecd the Pcrchnsc Prtcc . i11 the eve1U Se li c~ has not r~ee ,vcd suc:h in~urn nre r rnrr.r.ds r rinr 10 r:1o sin g, the pe.rhts rno y agree 10 ex tend the Clu,;i11i;: U111 c (§))er. at lhe r plio u of Buye,, s ~llc-r shA II ns~•cn such rrncced~ n: O nsi ni;. plu .i cre G1 1 Buye r the amounl of nny ceductib lc provided for in such insur:mcc J'l :>li ry, hut not 10 tx c:~crl the tntnl Purches c Pric e IQ.2, H nnugr., Inclusio ns :111d Scr vic e1o . Shculd any bclus 1on or se rvice (mcl u dm p. uu \11i cs e11d corrunumca 11011 se rvices), sysh·ms nnd c:ompnnent~ nf the Prn pcny, cg,, hcn t1:1g 01 plcmb ing. fa .I or be da ·nage:I lJetwe en lhc date of th is Contrncl nnrl r.1n~ing ni rossess1 on, wh ic hever shall be ear lie r. the n Seller shall be iinblc fo1 the repoi r or rcp lnccm:::H of '-UC h luc l11s1011 . scrvtc:. sys tem . co mpone 111 01 fixture of the Propt rt) with u unit nf s1 mi l11r sizt, a&e n.r,d quu lity, or nn equ iva len t credit bul only 10 the ex te nt 1h 11 1 the m11i n1enance or replacement of such lncl us.on, se 1vice, sys1cm , cm npon e n: or fit(t ure is not th e rcspo n~1l.11h 1y of the Ass ocia ti on. if any, 1:ss a ny ms urn ncr pro ceeds rccc1,cd by Buyer covering such rep air 01 1eplace11u:nt. Se ller ;md Buye · 111 c nw nre of th e -:x istcnce of p1e•ow:1ed home wnm1111y pr,Jg min s thn t may li e pu rr:hnsed and ma y cover t!.<" repair or rcp h1 tcmcn1 of ~u ch lncl11s 1011 s. 19.3 . Cond cmn n1ion. In 1hc event Se ll er rCcei\•es actun l notic e prior IJ Cl o~ing that a pendmg 1.:oi1dem nnt1 ot, act 1011 muy res ult in II taki ng of All or par• of 1he Property or l11 c1 us ions, Seller sh:i l! p1o mptl ) not ify Bu }t:r, ir writin g, of sud cond :m1m1011 acuon. Duye r sh nll luwc the Ri gh, to Termino 1e under § 25 .1, on or before Closin g Dat e (§ 3), b11Sed oil su ch condemnat 1011 :ic11on, in Iluter's sole sub jective disc 1e111n . Should 'Buyer el ect to ccnsu mma le :lus Contmcl dc s;,itc web dimmut 1on of va lue 10 the Properly and incl usio ns, Buy er shell be en titl ed tO 8 creC it al Closir.g fo1 all co ndem no:io n prnceeds awa rded to Se ll er ior the dim in uti on in :he va lue of the Pr"~ my 01 lnrlus ibns but such c red it shall no t inc lud e re loc a11or. benefi ts Oi expenses, or ex ceeo \ht Purchuse Price . 19.4 . Wn lk-Thruuch nnd Vcrlfic111ion or C ondi li on. Duyer, upon rccso na bl e no11ce , shn.l hn vc the n gh1 to wa lk throLJg h the Property p;ior 10 Clos ing 10 verify lh nt th e physi cal con:.i illon of th e Prope rty nrid In clusions complits with th is Contre ct. '!O. RECOI\I 1ENDATI ON OF LEGA L AND 1'AX CO UNS EL. By s1gnmg th is doc u111enl, Bu)cr and Sell er ac know l~rtge that th e rc ~pc cti,.: brok er has actv rs ed th nt tlus doc ument has .m port11 nt leg11I C'on s:quc nces anc:! ho s re cor:\mcndcd th e c>.n nrnu1 11ou of title nnd ::onsultn:ion v. ith le gal ar.d lo x or other counsel bcfor: signi ng this Cor.troc t. 21. TIM[ OF ESSEN CE, DF.FAUL T ANll REMEDI ES. T ime is Jf the ess ence h~rc ~f. tr any not e or ~hec k 1ccc 1ve d as Earne st Yi cney hereunder or nny o!her ptty ment du e :,creunder is not p111 d, hono rd or tendered when du e, 01 if nny obltgo uon hereunder 1s not ;,e rformed or w:uvcd fl) herei n prov1deu, ther e s~a ll be the followmg remedies · 21.1. l (Bu)crls in Dcfoult : · f7l 2 1.1. t. Specific l'cr(orm :rn cr . Sci .e r may ele ct to t:eat 1bs Con1u ct as c anceled, 111 which ca'>c ..1 11 Eam r sl Mou ey ~ethc1 or no: ,aid by 3 uye,) shull be µ111d to S_c ll cr nnd re taine d by Seller, a:1 d Selle, may re cover such dam11ges cs r11,) b, pt ~>c t; 01 Sc .le , mny el-:ct to t1 ca1 this Contrec1 as bei ng in fu ll for ce end effect end Seller shall lv.1ve lh-: r1gh1 to spm hc perfo rmance or dn mages , 01 both . . .2 1.1.2. Liquitl:ncd Oamngcs, ~JI Jlli cuhlr.. This§ :!1.1.2 s hall ap ply u nlr.s s thl' hu1 in · 2 1.1.1. 1s t hcr:kcll . All Ea rn es t Money tw hcth er or nol paid 'oy Buy er) shall be p111d to 5e \l cr , and rell tn::d by Sel ler, Both part ies shall :he rcofle r h'! 1clcased r 10 111 nil ob ligar i:ms he reunder . It is ngrc ed ·ho: the Eamc.u Mone) spcc11i1..-d in § 4 I 1s Ll lJ UIUA I ~U IJAMAGES , and not a pcnnlty, which am ount th e pnrti:s ag ree 1s fo i1 and reasonable an d (ex cept os pro\'1ded 1:1 H IU.4, .!.2 • .!.J and 24), sn ul pay m en t of Eum~st Mon::y ~11.111 be SELi.ER'S SOLE AND ONLY REM ?:DY for 8uye1's f c1lur e to perform the obhgat1ons or 1tus Conlrn ct. Sc::le r eApre s~ wa ives the re me dies of spec ific performance and :idditional darnnges . l l.2 . If Se ll er is In Dcru111t : Bu y-:r may t'h:c:t to ucat th is Contre ct as cance led, 1r which case :i ll F.am es t Me nc y recel\'cd hcre 11adc1 shalt be relumed nnd Ou)c r m ay re cover i uc:h d:i nrnges ns mny be prcpc r, or Bu)cr m rty elect 10 trea t Uus Con1r11ct cs be in g III fu ll fo1cc 1md erfec1 :ir.d Buy er s ha ll have the right 10 specifi c pc ~fo rm,incc or dnm11gcs . or bot h. r 11s 1.111 .1 I. C tJ 1,'l ll-\C1 TO UOY /\NU SCLI. Rf.AL ESTATE ((Oi\lMEll CIAL) l'ttr llof l.i • • • • 60) o, 60 l 60 6 60 7 60J (,(,9 61t; 611 612 6 1) 6 1t. 61 l 616 617 618 619 G20 62 1 622 m 6'4 C25 626 627 628 •: 63 1 m 6)) 6);\ Ill 06 6J'1 6)8 ,H 640 "' /,42 64) 644 64l 6t,6 647 ~1! ••9 6l0 6ll Gl2 Gl l • s, II 22 . l..E GA L f'EC S, CO ST Al\'1) EXP£NS ES. A nyt hmt; tc t he con t,ory r c re in 110 1w11hsundin g, m t hee,.. o f on~ nrb11rn 11011 or ll ugotmn rclnu ni; 10 thi s C,m llac\, prior to or aftc, Cl osin~ Dat e (§ 3), the nrb11rnt or 01 cou rt shall award 10 the pr::.vn ,hng f)bll) nil ,e nso nob le cosli and ex penses, in clud ing n1t omey fee ~, legal fee s nml expe nses 23 . MEDIA TION. ff a dis put e ari ses relatin g to th is Contra ct, p nor to or a fl cr Closin g, and is no t reso l·,cd, th e po,ti es sha1! rus. proceed in good f1i1h 10 s11 hmi1 thr. m:i ttcr tn mr.riia t:on. Med iati on is e proc ess in wh,::h the pou ies rn cct with 11 11 unr,ar'.101 person w+t o helps to re solve the dis pute in forma ll y a nd ccnfidcutia\l y Mc di oto rs ::a nna l im pos e bind in g decis io ns. The part ies 10 the disp ut e must <1g rc,, m writin g, befo re an y sculc rne nl 1:; binding The part u:!; w ill j o inll y np point nn oc c1:p 1n b!c media to r trn d wd l sh are eq uall y m the cos1 of such me d iatio n. l'he mediati on. unle ss otherwi se ag re ed, sn a ll 1crm in111 e 111 the event th~ enttre d1s pule 1s no1 res u\\·cd w ,1,111 thl tt )' da ys of the dau: w 11tttn notic e re questing medi atio n is de liv e red by one pa rt y 10 the 01he r "' :he pmy ·~ la sl kno wn ndd,esL Tlus sectio n sha ll not niter .1.n y d,,1c in this Contrn ct, unless ot hcrw.se P.greed. 24 . F./\RN E ST MONEY OIS P UTE. Excei:t ns othe rw i!.e pr M irlr:11 herei n, Enmc.,;1 Mn ncy ll nld cr d 1nll relc ,se t~c En nes· Mon e as directed by wr itlen m ut ual instrJC ti ons, sic ncd by bo th Bu ye r 11nd Sell er. In 1he evcnl of any co nt,over sy re gard1nR che Enrn cst Mo ney (notwllhsto utl mg 11 ny :c n nu mtiun u r tti 1s Cont1ac1), I:.nm =.st Mo ney llo lder s hall not be req uir ed to 1nkc un y 11::uo11 Ea rn es t Mone y Holde r, Bl its ort ion and ~o lc suliJc c\1\le d1s::retion , !O il)' (I ) 11 w:11 t ony pr oceeding, (2) mte rp lead oil pa rt ies .ind d~pos 1t Ea rn es t Mone y into a co urt of co mpeten t junsdrcti on nn d shall re co ver cour t coHs .i nd rea,;onnblc al\o mc y and lccal fct:.S, or (3 J prn\.1rlt nnll ,. to 9 uyer nn G Seller 1~m unless Eorn :st Mo ne y Hold er ,ccci ves a copy o f th e Summo ns an d Com pl nint or Cla11n (bc1w ccn Buyer 1111d Sc:ltr) con1111111n g the cnse nu mbe1 of the lnws ui t (Lawsui t) wit hi n o ne hu mircd twe nty d nys of Enmcst Mo11ey ll ol dcr's no lict to the pa rt ies, Eames! Monc-y Holder shn ll be aulh oriz t-d 10 retmn :he Eu m ci l Mon,:y 10 Buyer In t~e r:v r.nt 1-".amr.c:r Mone y Hold~: does 1ec :ivc a copy of I.he LB wsuit, and has no! mler,>l ed the n:onie :. at Ltie li me o f an y Order, Eu ,•t-,;I Mon e y Hol de r shul. d isb urs e the Eames! Money pur u:mt tu th e 0 1Jc1 uf the Cuu tt . The J),'\rti c~ reaffirm the o blii.::uio n or M el!i n1i o11 (§ 2J '1. The pro\ 1si or.s of thi s ~ 24 app ly o nly 1f the Ear:'lc st Mone y Holder i.; one of tlte Brok c r:!.gc Fu ms na med m § 33 or § }4. 2' T F:flM INATION . 15.1. Rii:;:ht 10 T crmintt lc . If n paii f h.i s' 11 n~h t to 1r rm 1n ntc, 11s provi ded i n this ComrJct (Righ t to Te11 n111 ntc ), 1ht ttm11 11 n1 1011 sh nll ht: t:ffect 1vc upon the ott:C'r pa l'lf:: re ceipt of a w n llc n notice to te rmmo.le (N o't 1cc 10 Te rminate), providc-c such writt e n noti c e w as received o n or before !h•ei.a'pp licab le dcadi inc spe cified in this' Co ntr:i.ct. If 1he Notice to Tc1m mt1 1c 1s 1101 received or, o r beto,e U1c spec ified dea d.me , th'~ 'PJn y w uh the R1gh1 IO Tcrmi na t-: shall hnve ucceplcd th-.:: :.pcc,f c<l rn1tlle 1, docu mer,! or co ndi tion as s11:isfac tory nnd Yhli ,;e'd'\hc Right to Tc:n mnate und er s u::h p1 ov is1on. 15.Z. E ffrn or Tcrmi nutlon. In :Jil:'cve nl th rs Contract 1s terminil lcd, nil Enr nc st Mo ue) recei ved he1 e under sha ll b: retu rned nn d tht-parti es shall bt-re lit-\.t-d of a_l! ~~l 1c n1 1oni: her~u nclrt, s11Jj cct to §t 10.-1 , 22. 23 11 nd 24. 26. E TIR E AG R EEMC NT, MODfflCATION, S URVIVAL. This Co ntract, its cxhib11 5 ond speci fi ed ndd endo, conrn tu t'! the ent ire ngre ement be1wecn !he pu rt1 es re l3ll l1g to 'the subj er.: laereof, a:1 d any prio r ag reement s perlninin g ther elo, wh ether oral or wri tte n, hav e been me rged nnd intcgrl led mlo lhi s Comruc l. t\o s u:>s equcnt 111o d1ll cat1o n of any of the te:,ns of th is Con1rn c: sll oll be va lid , hind ing upo n the partit.. or c nfor cC'nb le unless rr, de m wri ti ng and signed by th e part ie s . Any obliga 11o n in !his Ccn tra ct th at , by its te m,s, is inte nded to be perfo rm c~ ~:·1~r ti:rm inn 11on or Closing shall survive th e same. 27 . NOTICE , u i:u v 1rnv , /\ND C HOI C E OF L~ W. 27 .1. l'hyi•:~ul Delivery. All notic~s 1r.uS1 be ·n wrnmr#o' e1tcep1 as prov ided m § 27.2 A11 y doci..m em, inc lud ine a sig ncJ docu mc n1 or no ti ce, fr om or on beha lf o f Se ll e,, and d iive rc C 10 Buy er sh all be effecti ve when p hysica lly rccc:1vcd by Buytr , any s1 g1j~1ory 011 hc ha!f of Auyer , nny nnm cd .ndi\idL al · uyer. any rc prescnta11vc or Duyer, or Bro kera ge F irm of 3 1olc :r v.•o rkmg w11h Du yer (ex ce p1 fo r de h\•cry , :i.lltr C lottni;, of :lw ~a :scc req u::s tin g med iation d ~sc ti bed in § ?1) a~cl etrt'j\l 11 .~ pro v1dcrl 11 § 27 2 . Any doc umen t, iu clu dmg n signed <Joc ume,"l m notice , frnm or on bchnl f of Buyer, unci de liv ered to s ~ll e:1 sh nll be etf ec t1 vc wh c:n ph)'S 1cally recciv:d b y Sel le r, Bil )' s1gnn1 ory o n beh:i lfof Scllc 1, u:i y rnm ,ed md ivHl u.d ufSd lci , a ny 1e µ1esen1a1i ve of Selle r, or Broke rag e Firm or Bro h r wo~!~mi?, wi~ S~llc r (ex ce pt fo r dcli't:ry, nft e, Closmg, of the not ice 1cq ucs1 i11 g meci 1:H1 011 de scri be d 111 § 23 ) 11 nd exccp l as prov ided :n'§ 27 .2., 17 .2. El cccronic Drli,•l'ry. As nn ii l1!=_m a1ive to rh;·,;1c nl deliv ery, a n; doc urn en t, incl udm fjn y s1gncd doc11 ment er wr iu c n notlL nuy b: deli ve red in c!c:t,ronic fo n n only b)' th e fo llow ing mdi c:'llc d me tho ds F:i cs imil e 1 1 E111a 1I LJ11tcrncl LZJ Nu Elc1.:l 1uuic Ddivc1y. ff.th ~ !Jo ~ "'Na El,:cuo r.ic Delive ry" is chec ked, th,:;§ 27 .2 !: :ill not be apphciible nn~ § 21 1 shl'l ll govc r.t no1ice an d del iv e 1y . Documen ts wit!: orig ir .11 sig nat uie s shall be p1ov1de1l up on ,cq ucs t o f :1ny JllHl)'. 27 .1. C ho1ct of Low. Th is lontrac.1 .irid all dis put r.s 0ri sing hereu nde r si1nll be gc \•em:d by anc c o11 ~1 mcd u1 ac co1 dan ce with 1hr la w,; nf 1he ~tnie of C:n lnrnn o th :11 W,o·u ld be ;:i pplica blc to Colora do rcs1 d~nt s ...,.ho sig n a co ntracl in Co londo fo r p1ope ll y loc e1cd in Colori do. 28 . NO TI C E OF ACC£1'TANC E, COU NTERP ART S. Th is pro posal sha ll e xpire un less occ'!pted in w~it ing, b y Bu yc t nnd Se th:r, as evide nced by lh eir signn l\Jrc s bt:l ow. an d th e oITcn ng pa rt y rece ives nouce of such acce pta nce puts uunt to ~ 27 011 er hdore Accc 111 : nee Oca dli nc U:11e g 3) rind Accc p rn nct Dc:ulli nt T ime(§ 3) l:'nc:c:p 1cC, thi ~ doc '.l men t sh~ll bcco mr a con 1r.i c1 t:ll ~J-10,11. LU ,'\ l'KA CT TO uu~· ANn Sl!l.l. l(C,-t.1::s,,.. rn {COM M ERC I A i,) 6l6 Ol7 6l8 6'9 600 66 1 6f2 663 664 665 666 6G7 668 669 6CO 6 1 1 672 6:3 6 il\ 6i5 676 between Se ll e r nnd n uyct. A cupy uflh1 s Uu .11 111cnt 111111 Uc c).c.,utcll by c11,;li Jarty, sc ponitcly , e nd wh en t nch t>ll ll Y hns exccu 1cd a c,p y thc rco ~. suc h cop 1:s \uk:n to 1;elhc1 :,lu ll Uc dc:111cJ t u be u Cull 111nl t:0111pl :tc cor.t111ct bc1wcen the per11c, • 29. GOO D PA IT H . b ·Jyc1 and Se ll er nck nowlcdgc 1h11.t cn c h pnny has 11n o~!igouon to net ,n good foll h, mcludmg bu! no! li mned :o, e)crcis mg tl1 c lights uud obhgalio m set forth in the µ1 vis1ons or Finn ucln~ C o nd itions :i nd Ob liga t ion~ {§ S), Re co r d T il le uuJ O ff-Record Tl1 I.: M ut ters (§ 8), C u rrent Sur"'C)' n r.dcw (§ 9) and i'rn pcrry Discl os u re., l n5p<.C'lio n, ln d c mn ll y, I ns urulJi lit y Hm l D,1c Olli ;:c nte (§ 10), AUflll I ONA L l 'l<OV ISIONS Al"D ATT~CH M eNTS JO. ADDIT I ONAL l 'R O V ISI Oi'\S. (The follow ing add1t 1:m al provisio ns hil\'C nol been npprom: b y the Colorado Rcnl Es1111 e Cornmi s!.ion .) The :>roperty w ill be sold ~as is, whe re is· SP.Um nrnv1des no wa 11 anties. guaranloe~ o f title or othe rw ise. exores s or impl l3d , including fitne ss (or purpose of ur;A Sollp r will not prnv1 o htliJ 1nst.i ;arce, bu , 6uyer may purcliaso sam~ Se-e Adjenaum to Contrac t .=i nri Exhibil A ;i11;1 c h P.rt hP.reto and ,nccrporated herein b v tnis re ference. 3 1. A'rr A CH MENTS. The follow ing a,c 11 1n~r1 of th is Co:i tract: Adden d um to Contrilcl and Exhihll A Nole · The following C1sclo rn1 c forms ur c n1rnc hcd but .uc not a rmt of th1s Co mrnct : Nono SIGNA T URES Bu>'~r·s N:im c: Pillar Property Se rv ic e s', '(LC ' B uyer 's Sign at ure D11 1:: 1:iuye1 's S 1gnnture Da.tc At1lJn:ss. 24 80 W 26th Ave #1400 Addrc s:.: 0 t:1f ivEu , Cu lu,ad o 002 11 Ph J nc o .: {30 3)477-51 17 Phone No. Fa x No. i303)477 -41 67 Fa,. No.: El.:c 1ro11 1c Address· ?Mahnowski(o>ci llar.biz E\cc1ron1 c Ad dr:ss· • 677 (N OTE: If t his offer is bcmi; cou nlcr~LI or rCJCd l!d , d o n ot s1g11 this doc um ent. Re fer to§ J1 J 67K 67 9 630 Addre:.::.: !'ho n: No . Fa ,; No . Ontc 1000 Eno lawood Parkwa\. Englewood , CO 801 10 S:llcr's Nrn1: Se ll~,·~ S ic n:ll u rc Addrcs,.- Phone No . Fa,., No .; Elc r.:1ror.ii;At!~1e:;s . ____________ El cctroniel\ddrcss: .3 2. COUNT ER; REJECrl ON . Tius offe r is □c ou n t e r e d n n ,jcc tcd. l n iti :i ls u n ly of p:irl y (Hu yc r o r Selle r ) who c o untered or rc j tc!ctlo rre r ______ _ EN D OF CON TR AC T TO DUY 1\N D SELL RllAL E T AT E C US.l 10 11. CO/\'TllACT TO IIUV A."il.J S r.l.L lll!AL F.5TATY. (C.O MMl:-:ltCl ,\L) Date • • Jl. BROKER'~ M "KNOWI.F.D(;M ENTS Mill COM P ENSAT ION IJ ISCLOSU RE. (To be co mpleted by D ro ker working ,...1th Duyer ) Ilroke r D Doc s D Docs No t ac ~n owkdgc receip t of E11rnc !.! Money depos it and, wht lc ll 'lt n pnrt y 10 the CCJntrnc t, 1ig,c:s 10 coo ver.i!c \lpon recuest wit h nny med 1auon concl uded under § 23 . Br oker 11g,ees th at if Brok erage Firm ,~ lue E:unes1 Money Holder and, c:<ccpt as p1ov ide d in § l.4, 1r the Sernes l Money has not tlready bee n returned following receipt o f a No•1c c tQ Tcrmin:att or othrr wri 11 en nnlic:r: nf trm1inn1 inn , F.i.me~t Money Holc:cr shn!! 1ckase the Earnest Money ns d1rec1t"d by the wr ine, mutJ .i l ins 1ructio m:. Such release of l!nrne st Money shntl be ma~c w11hm fi ,..c c.la ys of Earnest Mon ey Hold e rs re cei pt of th: 1.Ji:ecJ ted wn\len mLtuu l iniarucl1onr., prov ided lhc Enmest Money ch~c:k has cl:orcd. Br oker ag rees thn: if Eam ci.1 Mon ey Holder 1s ot he r than 1hc Brokerage Fm n 1dcrt1 fic C:: in § JJ or § 34 , Closin '.I lns1ru ct1 011S signed by Buyer, Sell er. and Ea rn est Money Holder mus1 b:: oUtJim:l.l 011 u1 Lefore tl.:livr:,y vfEanu:sl Murie) to Eiunesr Money Ho ld er. Broker i!': \WO rk mg with Buy er as 3 0Rurrr's Agtnl o,t-11cr'c: Aerni 0 -r rn ll \A('fion-Hrokf'r tn 1h 10: !r:!IIC::\C"I IO n Qrh1s 1, a C han ge ur Sta tu .s . Br ok:n11;c F1n:1's co mpensa ti on or commission •~ tu be pmd by OLlstlui: Krok~r agr 1:ir1110nuycrlJ01hcr ____ _ n ro kerni;c Firm's Name · ~N~IA~---------------------- Droker's Name · Add rc ~s · Phone No.: F;ix No .- Elect ronic Addre ss : 34. HftO KER 'S /\CKNOWLEIJGMl;NTS AND COM l'ENSATION DI SCLOS l 1RE. f l o be co mp leted by Brc,kcr wo rk mg \\Ith S'::llc'r} Dn tc Drokcr O Docs □ Doe s Nol I c),Jlow ltdg~·rc:cipt of Enmc st Mon ey dcpo~il nn d, wt.il c not :i. p,llly to lf.e Ccntra ct, at;.·ce$ to co op::ra te upon req uest with ar1 ;,· med.otion con::luded unde r § 2). Brok ~r agrees :hot 1f Rrokc ragc Fim1 1s the Earnes t Money Molder a>td, C:"<Ccpt as pro vi de,! in § 2'1, 1f the Earn est Mo ne y hos not t1l rc11dy l.lc cn ret urnc..-1 1 f~•lluw.ng rc i.:ci pl ur u. 1..Jut 1l.c tu Tcrminill: or olhcr wntten notice or 1ermim:11ion, Earnes t Money Holder shall relea se the Earnest Mo,ey as di rected by the written 111u1ua l inslru cti ons . 3uch rc !case of Fam ';.sl Mone y shall ht" r:iade w11h111 fivt: days or Earnest Mo nry Holder's reccip' o! the ·xrcJtcc\ wnHen muluij l inst nict io us. pro~•,dcd the Enmcst Mon :y ch~ck r.ns cleared Broker a1t1c es ti1a1 if Eamc:,t Menc y :-told~r 1s other lhan the Dr ... '.-eragc Fmn ide n1ified in§ )3 or§ )4, Closing l11 stru ct10ns signed by Duye r, !-elle r, und Eamcs t Money Hold er must br ~b cainc d on or befo re delivr:y of E., .. ,irsl Mont'/ tc ':itmrs1 Mon'"y Hnl rlcr J\,okc r is work in g wit h Se ller :i5 aLJScllc r's i\~c111 Dnuycr's A&c 111 0Trn11suc1io11 -Hrokcr rn tlu s trnn snct ion I.Jn11s is a C hun ~l' uf Srn t us Urokcrage hr m's compcnsa11on or co mm1ss 1on 1s to bi: paid by □Se ll er Ouuycr Oott;c.-_________ _ Br ok crngc Fmn ·s Nn mc· !:Jf/\ _______________________ _ B,okc~•s Na me: Broker's Signarurc Da te Addres s· PhoneN1...: Fax No .· Elcc1 ron1 c ,\ddrc~~- Att.i ,:hmcnt A LEGAL I ESCR IPTI ON FOR 3098 S uu lh Gn lapago St. Eng le woo d, Colo rado Lots 18 and 19, lk vacated po rti on of the cast -west all ey de scr ibed in Ord . #29 Series of 19% of the C ity of Englewood, Lots 20 throug h 14, except the trnu:gLlar-sha ped pared co nveyed 10 u,c Co lorado Departm en t of Tra ns pn rta tion. recorded in 13 ::iok 7691 Pa~e 270 of !\rapnh oe co unty Records . The above described pa,ccl contams 2 1,33 8 square fee t, ur 0.490 Ac,cs. m ore or less • • • • • • i\'17'!\CI IM ENT 13 TO CO NTRA T TO 11 UY AND SE LL REA:.. ESTAT E FOR J098 SOVT II GA L.r'.l'A GO STREET . 1.:N GLEWOOD, CO SO I 10 The foll owing prov isions arc 10 be 11 1..1,crtOO under Para~'T aph J I of 1hc Contract : Atta ch men t B l"hc prnpcn) will be sold '1AS IS, WH E RE IS." :\II warra nties , CJ.pressed or nnplicd, incluJ mg fitnr<.c. fn r pnrpo<;r of uc.c ;1rr hcrchy 1.\';\J\'("ci hy h11 ycr r hc Cit) will impose a ch:cd rcstn cllon 0:1 t.hc propcny th at \\ ill requi :-e the buye r to 1mH 11t am th e h.J s1on cal s1ru ctu:-e for., m1111m um pcn od o t 30 years lrom th e d:11e o l purc hase . 3. The buyer \'-'i ii rc h:ibil ume th e hi stori c clement s of the struc tur e accord in~ to the Secre tary o f th e lmeri or'; Siandards fo r Reh ab ili tat ion. 4. The Bu yer will provide the Cit y with th e Ri ght of F11,t P.c fu s , in 01< ev ent that the 811 ycr !i ub ::;eq ucn t!r sell s th e propc1t y w ithin 5 yen rs fr om the dut ~ of the pur hn se. 5. The Ci l) will not furnis h Tit It! l.murnn cc. lnrna\cd by Ouvcr l1111 in led by Seller ADDENDUM TO CO:--ITRACT TO IlU Y AND SELL RE AL ES TA'n'. IJy a nd Betw een TBE ClTY or, E NGL EWOOD . a Colorado M.u11idpal C urporati ou ("Sell er ") And PTLLAR PROP ERTY SERV l CES , LLC, a Colo ra do limit ed li ab ili ty co mp a ny ("B uve r") Tl:flS A DD EN OUM lU CONT RACT TO BUY A ND SELL RE AL ESTATE (the "Add en d um '') is en tered into si n111ltsn eo11s ly with and is pan of tha t certa in Contract to Buy and Se ll Rea l Estate dated March 19, 20 12 (the ''Form Contract") be tween So ll er and Bu yer (thi s Addendum an d the forcgomg Funn Com ra ct, co llec11vely the "Contract"). ~1 th e event of any co nfl ict or mco 11s1stcn cy between the pr ov1s iot)S o f :he Fonn Co mra ct and th e provisio ns of this .'\ddendu m, the ~rov is1o ns of thi s 1\Cdcndum 5ha ll gove rn and conu·o l. Cnp 11 ali:1 ed tcnns used in this Adde nd um wl1i ch are not defi ned l1crc:n sha ll have the mea nings a~c ri bctl tu s uclt te11 11 s iu rhL-Fo nn Co ntrac t. JO. I LM: Rcs lrictlons . The parti es acknow ledge and ag·rcc thu l Se lle r is willing to convey the Property to Buyer, and Bu yer is wil hn g '.o acce pt the Pro perty, wit h the exp ress un ders tand in g and re qu ireme nt tb at (a ) nt nil tim es rh e Prop erty shall be use d s ubjec t to th e • ··cuvo1rn 11 1s " (as s u:h tenn s ar: defiacd an d desc rib ed in the fon n of quit claim deed (th e • "D ec<!"); (b ) the Deed ev 1d:ncing the conv eyance of the Property by Se ll er to Buyer, an d any subseque111 de eds of conveya nco of the Prn perty (co ll ecti ve ly, "Su bsegu c11t Deeds "), sha ll ir.d uuc m,d be s ubJect to the Covenants ; (c) al l Subse qu ent Deeds shall in clude an express reference to the Cove na nts and the rec ord in g infonna ti on fo r th e De ed, and sha ll comai n an ackr,ow ledgemcn t by th e transferee oftb e Prop erty of, anrl such tr ansfo rcP.·s agreem ent to remain bo un d by, tlJo term s an d co ndi tio ns of the Cov co ant s; and (d) any sa le, co nv ey an ce, gi ft or tra nsfe r of the Pro pe11y in an y manner in violat ion of :be afo resa id restri cli'ms sh all be vo id ab inltio . J0 .2 l nspcctlo ns. Prior to pe rfo rming any iaspt:L.l1u:1s, le:its, surveys, c:1gin cc rin g rcp0r1,, s tu dies, des:gns. or an y oth er work on the Pro perty pursu ant to Section IO 0 1 the l'orm Co ntra ct (co ll ecti ve ly. th e "lns pcc ti nus"), (a) Ou ycr shall prov id e at lea st one (I ) day 's pri or writt en noti ce the reof to Se ll er; (b) Sel ler and 'ur it, agent ma) be p1c sc1 1o fo , all such lnspert1ons; an d (c) Buyer shall sec ure and kc c~ in fu ll fo rce and e ffect throu ghout th e term of this Contra ct, the fo llowin g ms ura nce cover ag e, at Buyer's so le cos t and exp ense : (1) co mm e rcia l gen era l li ab ilit y in suran ce , inc luding co ntractual li abi li ty (to sµcc ifi c,il ly 111clude c0vcragc fo r Buye r s in de mnifi cat ion obli gat ions u. ~r th is Co ntrac t), wi th such co vera p,e and such limi ts as may be reason ably rcqucsr .,d by Seller; (ii) wor ker 's comµen sa rion in suran ce for th e emp loyees of Buye r and Buycr·s agr,nt s and co ntrac:1ors 111 acc ordance w1tlt aµµlica ble state law : and (iii) s uch oth er ins ura nce co "era ge and Ii mi ls as rr:ay reas onab ly be requ es ted by Sel ler ; µro vidcd, howeve r , that limi ts of li ub 1li iy can be prov id ed in a :ornb ina tion of com prehensive ge neral ltab 1ht y and umb ,ell a lia bi li ty policies. Buye r sha ll also cau se all uf ,t s agc11ts ""tl • • co ntrac tors to secure and kee p ,n fu ll for ce and effe ct d uring the per iod 111 whi ch they have access to the Propc n y in su:a nce co verage of custom ary typ es and limi ts. As pa11 of the b spcc tio ns, Du yer, in its discre ti on and a l i ts ow:1 expen se, mn y pro cu re n r.rnrke t ,tudy, a noi ,e study and a schematic de sign for th e deve io pm en : of th e Propeny aa d may und cnak e addiuo nal prc -dev elopm~nt activ itie s (in cludi ng, wi tho ut hmit ati on, th e proct:remen t of gco tec hn ica l stud ies and arc hitec tura l pla ns), and all suc h ac nv tt ies sha ll be deemed "l 11 spect io11 s" hereun der . All pro dum and ma terials res ul ting fro m su ch Insp ec ti ons (c ol lectiv e ly, 1h e "Mat erial s"), sball be the pro peny of Buye r; provided , howel'er, tha 1 if Buye r 1ennin ates this Co nt ra ct (o th er th an as a res ult of a Sell er defa ult hereu nde r), up on Sell er's so le o ptio n and it~ ret mburscm cnr 10 Buyer of the o ut-o f-po cket coslS incurred by Bu yer for pr oc11 rcmcn 1 of 1hc Ma1 cnals, Buyer sha ll de live r all of th-Mat eria ls to Se ller and, to the exten t ass ignable , Buye r sha ll pro mp tly ass ign to Se ll er all of Bu yer 's rig ht, 111 le an d inte re st in and to su ~h Ma1 en als. 30.3 Conditio n of Prop erty . EX C EPT AS CXl'RESS L Y SET FORT H ~LE RE IN A N D IN S ELL E R'S C L OS ING DE LIV E RIES. S ELLER HA S O T MADE A NY RE PRESENTATION , WARRANTY, STAT E MENT OR PROMI SE T O BU'l'T R C O NCERNIN G nrn P RO PE RTY, TH E l:IAJJI T ABU,ITY, QUALITY, V AL UE, PHYSI C AL AS PECTS OR C ONDITIO N THEREOF, ANY DI.MLNSIONS OR SPE C1FICATIO NS OF T FIE PROP E RTY, TH E FEASIBILITY, DESfRABlLITY. C ONVER T lllf.LITY O F nrn PROPE RTY FOR OR LNTO AN Y l'AJlTIC ULAR USE , O R ANY OTHER MATTER WITH RES PECT TO THE PllOl'E RTY, AND THAT IN E NTERING INTO TBIS CONT"ACT , E XCEPT AS EXPRESSLY S ET F ORT H ll E RCTN AND I]\ SE LLE R 'S C LO •. 'I C DE LI YEruES, B UYE R IS R E L YfNG SOL E L Y ON ITS OW N I NVESTIGATIO N Al\D HAS NOT RELillD UPON AN Y REPRES EN TATION, STATEMENT O R WA RRA NTY O F S ELLE R AN D IS T llliREBY ACC EPTl l\°G TRE C 'JNVEY A NC E OF THE PROPE RTY IN ITS "AS IS'' "WITH AL L FA ULTS" C ONl>ITTO N. THE PRO V! I ONS OF THIS SE CTION 30 .3 SHALL SURVfVE C LOSJN G . 30 .4 Clos in i,: Deliv eri es . ln acld111on r.o ot her do cume nts and ll crn s re quired to be deliv ered at Closin:_1 pursuant to th e terms of th is Co ntra.ct, th e panics acknowledge and agree that th ey shall exectl tc and deliver at Closing or as otherw rse prov id ed be low the fo llow rn g docu menlS and i,ems: (a) Seller Deli veri es : Al Closi ng, Seller shall deli ve r (i) tbe Deed ; (ii) n duly exec uted cus tomary "non-fore ign" ccnificate, as requ ired by Se ction 1445 of the ln1e111a l Re venu e Co de, in substant ially the form attached h~reto nnd inco rporated herein as Ex'1rb i1 B; and (iii ) such dul ) exec ute d documen ts as ma y be rea sonab ly reques ted by a ti tl e company se lecteJ by Sel le r (th e "T itl e Co mp a n y") a.n<l/o : any oth er party in con ncc11 oa wi th th e Trn nsactinn (~c11 ne<l bel ow) (a ll nfthe fnrcgPi ng, cnllec1 ive ly, "Sell er 's C:los in 1• Deli ve r ies") (b) Hu yer Deli ver ies : At Cl os tn g, Buye r sha ll (1) pay 1hc l'ur cha se f'n c~ tn th e • amou nt se t fo r,h rn Scc11on 4.1 of th e Form Co ntrac t; and (ii ) de live r s uch dul y exe c ut ed do cuments as :nay be re as o nab ly req ues ted by th e Title Co mp nn~ and/or any oth er par::y in co nn cctton wi th the Transa ct ion (a ll of the fo rcgomg , collecti ve ly, "ll uvc r 's Cl os iu g Dcli vpries "). 30 .S Asscss mc uts . Paym ent of any spec ial improv ement ass essments due and paya ble fo r th e Property for any peri od prior to Clos ing sh all be patd by Seller . 1\ny s pecia l improvcm ,t a.sscss ments paya ble for th e year of Closi ng shall be pro rate d bet ween Buvcr and Sell er as o f the Clos ing Date in the s:.imc ma nner as ge nera l property tax t$ arc 10 be prora 1cr: under ection 16.1 of the Form Co mrac t. Pay 111 c11t of any spec ia l improv eme nt assess me nts Cuc for the Propert y fo r s ubseque nt years sha ll be the rcspons 1bilt1 y of Buye r. T he provi sions of 1'1i s Sec ti on 30.5 shall su rv ive Closin g. J0.6 Not ices . All not ices requ ired ur perm it ted to be give n under thi s Co nt ra ct sha ll be gi ve n in the manne r se t forth in Sec ti on 3 1 of toe For m Contra ct, ad dr es sed as fo ll ows or 10 su ch other ad dress as 1hc party ent itled to rcce1r r. 1.:11 ch nn11 ce may, fr om t i me to tim e hcr cin:1ftcr, tl csigmi le Uy gi ving wri tte n notic e pur suant here to: Buye r: Pillar Property Services , LL C 24 80 W . 26th Ave . #l /40B Den ve r, Co lor.1d u 802 11 Ancmion. Pau l M al inu\\.~k i, M emb er Phone: (303) 477-5 117 Fax: (303) 477-4 16' E111ail : l'Ma linow.s ki«v p:llar.h iz • • • • • • with a co p y to : with a co py to : lfto Titl e Compan y: The Law Office o f Mark Berry I Wren L1ttl cton, Co lorado 80 127 Ane:1tion : Mark Berry Phone: (30:;) 9 32 -2909 Fax : (3 03) 973-9 I SJ Ema il: BcrryMP l @ao l co m The C ity of Eng lewood I 000 Eng lewood Parkwa y Eng lew oo d, Colorado 80 110 Attc~tion : Mike Flahe rt y, Deput y Ci ty Manage r Ph o ne· (30 1) 762-2114 Fax : Ema , I: mflah crt y(e)c nglcwoodgov .org Office of the Ci ty Attorn ey A11c:ition : Nancy Reid, Esq. Ph one : 303 -76 2-2320 Fax: 303-783-6892 Email : nr eid @e nglew oodgov .org Attention : _______ _ l'i 1one : Fa x: ----------Em a i I: 30 .7 Form 10 99 . Th e part ies agree that the T itle Co mpany ts hereby designa ted as the cn:ity res ponsible for filin g a Fo rni 1099 with th e lnt emal Reve nue Service promp tly aftc , Clos ing as req uired under Interna l Rc;·eu ue Code Reg . § 1.6045 4 or any other regula ti on or re portin g requ ireme nt 30.8 Urokcr s. Ea ch of the pa 11i es re pre s~nts anJ warra nt s to th e oth er that not with sta nding any provi sion con llli nc d ,n th is Co mrn ct, ne ithe r pa rty ha s dealt wi th, negot iat ed throu gh or co mmuni cate d with an y brok er in co nn ec ti on w11h the Tran sac uon . and eac h pan v shall inctcrnni fy , ct cfend an d hnkl ha rm less the ot h r pan y fr n111 anct aga in st an y anct all r.la ,ms, lo ss, cos ts and ex pe nses, inc l~din g reasonab le att orn eys ' fees, re sulti ng from any c la ims that may be mad e agams t the indemnifi ed pally by any broker c laimin g a comm 1ss 1on or fee by, throug h or un der lh c indemni fy in g pn 11y or ot herw ise . Tl1 .: panics ' obhgnt ions u nder thi s Scc11 on 3 0 0 sh all surv ive Closing or terminati on of tht s Contract. 30 .9 Perso na! Lia bilit y. Notwi th sta ndin g anythis g to th e co ntrary provided in thi s Contract. 1t ,s spec ifi ca ll y acdersto od an d agre ed. suc h a~r cc men t being a primary co ns1 dernti on fo r the exce uti on of thi s Con tra.ct by th e parti es , that (2) the re sha ll be ab so lu te ly no personal 4 !iabil ity on L1e pa r: of any s hare hol de r, dir ecto r, officer manager, mer.1ber or emp loyee of any patty hc 1cto with re spect to any of the te 1111s, covena nts and cond 1tioas of this C0ntra ct, end (b) each pan> hereby waives any and a ll claims, demand, and ca uses of acti on ag ainst t~e sharcholrle rs directors, officer s, mana ge rs, mc mh ets or employees of the other pa n y he reto 111 tbe eve nt of any breach by any such pa n y of un y of the tcnn s, covenants an d co nct tions of this Contra ct to be perfom1cd by such oth er pa ,.y. Th e prov isions o f th is Section 30 .9 shall surv ive Closing . ·· 30 .10 Furth er ,\ss urn,lccs . Eac h of the pan ics agrees , wbe:1 cvcr aud as often as rcaso n<1L·ly req ues ted so to do bx' th e ot her pa n y or the Ti tl e ompan y, to exec ut e, acknow ledge, anrl delive r, or cause to be cxc·cuted, acknow ledged , or dehve red, an y and al l suc h fu her conveya nces , ass ig nments, co ~fi.rma tion s , s nt isfac~ions , rclt:a scs, in Htrurn cn ts, o r other docu rn ent s as ma y be necess a ry, exped ient or proper, in orde1 10 compl ete an y and all conveyances , transfers . sales and ass ignm ent s herein provided and to d o any ancl al l 0 1h cr acts and to e,:ccutc, ackn owledge and deliver an)' and all do cuments as so req ues ted in order to cn rr y o ut the int ent an <l p u1 puse u f this Cuntracl. Th e µ1onsions of thi s Section 30 . 10 shall surv11·c Clos ing •I ... ,,. ' ., •· ' •· • · q' th 1,, .. · 1, · 30.11 Ass ig nme nt. No 1vlifli s1ahding any pro vision co nta ined in tli1s Co ntract, inc ludin g wi th ou l li mitat ion, Sectio n 2.2 uf 'tl _ic 'F<.km Cunl:'ac t, Buyc1 111ay ·m.'l l ,lSsig.n its imcn::St i11 tlii ~ Contra ct wttho ut Se ller 's pri or \frili et'i1ci>nsent , s uch conse nt not to be unreasonab ly \1>1t hhcld , p rovided, howe 1•er , th at, with otl t"Sell t r"'·s·pri or writt en conse nt, Bii}'C r ma y·as•sibrn lhis COn1 rn C1 to ,ui tont 1ty whi ch is a n Affili ate (defined below) of Bu ye r provided tha t (a) Ou y:r gives Sc!lc 1 wr ill cn no ti ce of s uch ass 1gnmc ~t ; (b) any sucb assignee ex press ly a,sum es the ob l1ga t1 ~ns a~d liab iliti es of Bu ye r 1m der this C<lll"t'r~c l fr om and :i i'.cr th e date of siic:h assi gnnient": and (c) Bu;er remai ns li able fo r all obligati ons '~rid I/ab ilit ies ,Jf Bu yer ar ising or 'acc ruin g ;,rior to the date of assignment (un less oth erwi se agreed to by 1h c ass ign ee and approved b y Sell er). Fo r purposes hereof, an en tity i hal l he cl ec ni'ed' t'o 'bt an "Affiliate" o f Buyer if B'u ycr shall, direc tly or ind irec t!)' thr ough one or more i'n lc rn1cd iorics , co ntrol s uch en tit y ·and own :ii leas t fifty pe 1cen1 \5U%J of the stoc k, m cmbershi p 1or parincr ·bip units of s uch en tity . Any purpor.e d as l·gnmen t withou t cl ler•~ req uired consenl dr"to an enti ty ot her than an Affilia te s ha l!'be null and void ab • I •. I ini tio. ini ti a l by Se ll e_;_> _in itial by Bu ycf i Uema inder of page 111r emio_naliy lcfr blank; s1g11ai ure page (s) to follow/ ;,1 • • • • • • SELLE R: THE CITY OF ENGLE WOOD , a Colorado Muni ci pal Corporation Oy: -----------'---- Name : ___________ _ Tit le: ____________ _ Ex hibits : FIR.PTA Affidavit IHJYER : PILL A R PROP ERTY SERV ICES , LLC, a Colorado limit ed Jiabi li ,y com pany Dy:------------ Name : Paul Malinowski Title : Man ag in g Memb e r FIRPTi\ A FFI DAVIT STAT E OF _______ __, ) ;::;_ COUNTY OF ______ ~ NON-FORE IG'.'l AFflDA VIT Sc.ctio n 1445 of the ILtecnal Rev enue Cone pmvi de s lh ;u a trnn sferce 0iuyer) of n Umt ed Stntcs real r rop erty interc~t Cl LIS I witli,old tnx if the transfero r (se ller) ii n fo reign person . For the puqxJsc uf i11 fu rw in g the trn.n sfo n:c th 11 t wi thh olding of ltLi: !S not rt·qmred upon the dispo sit ion of a Uni ted State s rea l prop ctty interes t by -~------~--~--• u __________ {the 'Transferor"), th e und m i!,'lleJ hereb y affim1 s th e fe ll owi ng: 1. Th e Transferor is no t a fo reign co rpora ti on, firc ign partne rship, fore ig;, :rus t, foreign C9tn tc or fo rci&n person, a.s th:n:ie term s are defined in t°Je Internal Re·,e:1Ue Code (th e "CtK)_<;") ai,d the Incom e Tax Regi:lati ous. 2. The office addres s ,of th e Trnnsicror is Den ver, Co lorodo ___ _ 3. The Uni ted States taxpayer idcn ti r.cau on· number of the Trans fe ror is: 111e Transfero r un derstan,h;.n:uu this cc ni[cnt io o may be discbsed to th e l nteronl Reven ue Ser/l ee '·:q tr011 5forec au d that any fa.be st ntomcnt co nt.aln:;d hereby co uid be puni~he d by fU1:, imprisoruucut, or both. The Trnusfc ror furthe r undcrstacd.s th at the trans fer ee is relyin g on thi s nffidavit in det ennin ing whe t~t:7 wiL'1h oldi ng lllX is requlrcd . Und e: pennl ties o f 1:crjury, the tmd :rsign cd hereb y certifi es thn t to fae best of ,ts know le dge nnd beli ef, this Affica,it is true, ccrrect nnd :omplcle and I further d eclar e tlm I t1av e au th ority lo sign this document on behc.foftl·a Trl!Ilsfcror Bv · Na me : Ti'.lc. --------------- • • • • • STA TE OF COLORAD O COUN TYOF ·----- ) ):ss ) 111c forcgo lr.g ins tn.ti:ient wr.s ncknowlcdgcd before me th is __ U11 y of _ ____, 20 _ by ________ as __________ _ Witn ess rr.y han d nnd offi ci al seal. [soul) NCitniy Pu bli c · Add ress: ______________ _ My co1nm issio ~ exp ires: ________________ _ I I Ke r Bush From : Sent: To : Subject: from: Jim Woodward 3ue Cur ll on-Sm1th Monday, March 19, 2012 2 18 PM Kerry B•Jsh FW re depo t properly bid s.e nt : Mon day, March 19, 2012 1:30 PM To : Sue Carlton -S mith Subject: FW : re depot property bid H, Sue. Wil l you please make sur e this e-mail h in cluded as parl of the rec or d for toni gh t's Pu blic H car :ng . Th,rn.k,. Jim WoodwJrd. M ayo1 Pro T em (Hy o f Englewood, CO Se nd er an d rece r,er(s) shou lo be mi ndf ul :h;1 t all my in comin g and ou1901n9 ema ils may bo subJCC I to th e C~lorodo Open Reco rds Acl , § 2<-72-100 1, el seq From : Leigh Arn , Hoffhi nes On Beha lf Of Cou ncil Sent: Monday, March t 9, 20 12 11 :55 AM To: #City Counci l Subject: PW : re depot property bid FYI -th i!i me ss a~e came in via tll e Counci l e mai l Leigh Ann Ho fftu nes (nglew ood City Mana ge r's Of lice From : n t · mos man fmailto:marty dm36@hotman .c mj Sent: M0 .. ady, March 19, 20 12 11:Sl AM To: Co un crl Subject: re depot pronerty b,d I wa n1 ed 10 ex pr ess rn y th o ugh ts on th e rccc lll bid and pl ans fo r 1hc de pol prope rl y. I 1h ink u has sa1 th ere long eno ugh 11 1 a sad stn tc of neg lect I 1hink 1h~ bid 1ha1 Paul Ma linowski mad e , •.I und crsland ii was fo r 30,000 th en fo r 50.000) wa.s qui 1c rea sona ble co nsi,lcri ng th a• he a lso agreed to do all reova1i ons acco rdin to th e stand ard s 1h c ci1 y set up an d also 10 let th e ci 1y hnvc lirs1 rights ifhc we re to se ll it wit in 5 ye ars . I feel co nfident th a1 Mr Malin ows ki will accompli sh a ll he has agree d to wi th e fli.1c ncy and elegance , as he ,s known fo r hi ~ a bi lit y to refurbi sh bui ldi ng s 10 1hcir full polc111 ial. i\f1er keeping the depo l as is for nea rl y 20 yea rs, 11 is lim e i1 is shown so me care and i1 is cnlit led 10 once aga in beco me useful. To con1 inu <' holdin g on to it is j ust a s low dc a1 h of so mc1hin g tha l once held a place ot honor in En glew oo d history. T hank )'O U Marty Mos man Englewood Hi s toric T ra in Depot Moy Have New OM1 cr -News Arc h ive Story -KMGH r.s.1.r ,....t1 ( Tt!IO•P•qft l :._.-:~1 ""'1,,~""", ,,:ii Englewood Histor i c Trai n Depot May "" ·• · ~ Havo Now Owner •e1~:« 10 sD,.. '401\f:i Res,dantl Ca/1/ng It Seel! Door Dc 11 I t:\'GI .EWO Oll, Cu lo, •• h's brc ntt p.111 (lfl-:n &:lt"ood fo · ll(l!rly 100 )'C'J f\ n<l\•' ,~ CLl)'S h1 ,·o r1c u~,n dcpal mw ioon be.• owntJ b\ wmruoc cl~ -,-o,,-rt,,r.,,.-;;,---1..ttr ttUI )C'.if :he C1IY Jilli !LS l 'ill (fcP,,t 31 )09! ,S -,~,.=,,~,-,,~,.-. ,-, -i Gtl :ap3gn S1 LP fo r s~lc throug h tht 1eque\• ''lr-pr,:,l'(ls:i JU•k::L\S -:~::~••~---l Fngle"'OOd cit)' offic r:als md .M."•C'IJI rcopk ~x p1cutd 1rtcrt>I bul uni )' ont pn>;tm, 1'1111! M nh now-;l1 -,~,~.,-,,-------< of P1 lh11 l'r o p•u t u:s, mJ1h' • \SO,•X'O o lh'• on t he n ne ,holr ~,,~ of111nd ,.,,.,,,,~ .. •ou·plnm11 ret ,1c110,•::i1c tlic t•1.uli.l11111.. rc\torc the h i) 011c ~.1:c. 01 ,1, 11nJ lhl·n l)("CUJI) 11 11, our L'Or 1"1'.HJle olf1cc.· M11l1nn1,\l..1 to ld 7 Nl:.WS ~•t, Thcull n 1,; lrn lhln 3 (l~lll'r "' 1\h:\I Ilic c 111 p.11d IOI L'lc f)I OjX II I 1111.l lh~ huilcmg M:i h n011~l.., ,111d -•~,•~••~'-'"~w~•--1 n ·1 •n11hnl: lhc hot!d1nc. 11'1 1ch 11 ,c-iu:rcd of the hJ)Cr, .,.,11 ra n aboii t S370.COO ..no,,f •OO ...!.J:!!!_~~ l!'\l c,,J 18.JJ,"'i\ "We b.u1e-.il h Jll!>t lool..ed JI "h.lt ,1ould the bu1 !d1 ng be wonhnfl c1 r,:h;i t,, wh;,t th,; rct:l h "uuld 1·nsi , 111.'\IU,)C 1h:1f ~ 111\IUC • \\C 1~1 ,c lv l!U L II IU ,. r 111:11 "C h11.1 h'1 d i uu , 11llc 1,· ~J1i! 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IN! t /!,,.,.'I -m INJ C'Dffl,...,. C-On,,-nr, lfWU .,. t~~,.,.,,,.,...,,.,,,,.,..,, .... ,..t6l)t'l,t,X'&f\,,._, Echt.o c 11 .... , MOST POPULAR lHIS HOUR , ..... w 11r.l\l1l11Pc11 0tb1!• S1onfl\Ori"1 "11 1Sf>OMl5 ~1 nn tng lo Drol'ltn:Tt bo wU n T11 1ll n1,1 0 100 . Chu10 Of Sha,.·r , Cool• hmp,OnMundrr IJ •'t'u10ld C11t.t1IS!M'tl~OI llllns$15-0,COCF 01 lluu,eh l u n•~trO u 1nn.-y C1nh Nt•10,tt,q1.1 Mo,,1tQt1,11wt•• O N THE SID E AO\IERTISER LINKS DESKTOP A LERT Wher,1,1na11 ■Qu es:,o ,sccmt,n alltlie~ll',t ll:OUI .. 11erc 1,1 01Tcrr.n1 1~,0'II OICOIO!'lldO ere "~~.yo,..c..an rum .. ,e,e tt tl nd t h'" 1,.,,,r,,111 .,.,,,,., I N-r,!•ln\ ~"ti 1heO,IT crcn1 mou,1•111 •t &\ Mo ro AOVERTISER LINKS f-z 0 u, 0 Cl. Cl ;:: UJ E 0 <>: 0 0 . 0 -,: ~, ~ 0 ~ 6 >-a:, L · u. !D -u, ai o ~ , . .... a: C ;j <{ ~ :, <fl CJ; -,: C, Z O >-c, 0 Cl. 2 c, :::; 1E ~ 3: U, on. o i3 0 0 0 0 2 '. 3: :s: u 1:1 UJ a· u --0 z (.'.) UJ 2 w FOR MA\'OR RANDY PENN ANO THE ENGLEWOOD CITY COUNCIL MARCH 19, 2012 TO THE CITY OF ENGLEWOOD CITY MANGER GARY SEARS ASSISTANT CITY MIKE FLAHERTY A PROPOSAL TO PURCHA~': THE ENGLEWOOD SANTA FE RAILR\JAD DEPOT BY AND WITH APPROVAL OF ENGLEWOOD LIONS CLUBIFOUNOAi"!ON When approved, the Englewood Lions Club/Foundation will otter to buy the Englewood Santa Fe R2i!road depot fer $52,999.95 . OLlr C!uh.'FotH?dat!on ,_.!!!! apply for a grant o! $52,999 .95 from Lions Clubs lnternatlonal Foundation. Our Club, and a member have contributed monies to LCI Founelation over the years , anel this what LCI Foundation is, to help Lions Clubs world wide. Englewood lions C-l ub will work on restoring the depot back to its original status, by a unique program . First, we will research the Santa Fe Railroad Depot In Glorieta, NM for its historical Information, originality and restoration . We will ihen , subseq Lt en Hy i1av~ a ci ty wi Ue cu1e of businesse; uf E1ry i&n-c,VU lo tic:ip us in the depot's historlcal restoration. We woulel contact businesses In Englewood, who are plumbers. electricians, remodelers, carpenters. loundatlon experts for a basement, etc., and architects needed to en•ure the accuracy ol the restoration. For the return of these businesst>..s contributing to Loinism, and the restoration , our club would advertise their excellent works In this restoration , in our Club's news lette r, to the community of Englewood. the state, thru Colorado lions news letter, and in the Lion Magazine that goes world wide to 205 countries with 1.5 million lions members I Our Lions Clubs International motto is "We S81've." May is National Historical Preservation Month :·)) Respectfully Submitted , Lion Bob Boardman PD Englewood lions Club/Foundation PP Englewooel Lions Club Dist &-C Zone D Chair I ,•I Englewood, CO Tln·n· ,•t"t·n.· IYlo Eng.It-woods (at leas t) on tht· Sa nt.ft Fr SJsh•m, One ~n:. 111 th,· t•nrl or n hnrnd,lim· in Kansas. und lhr other was nearly at the rnd or Santa t-'t!'s l>4 •nvcr lJistrit:l in " soulhcrn s uhurh of Ut•m cr, ( ·o. 1'1119 anlque -"'-e tkpol WM enckd at E ....... nnd, CO In 191!!, 1'111· , '!Pb o&iler dqlOC lulown 19 b11Ye been vi• similar lltyle wu balh at Glorieta , NM nearly II dmx11 jean lalcr. Enl(lcwood stood boardl-d up nexl to the main fine for J CH ni Ot'fon· tht· t·ommunil) l rinall~· sinrc d it in lhl' h-ttl' l990's. The dL'I"'' WHS mon'(.1 to a neurh) purk and nstor(-«I. Wh(•n it \\mi rl'tin:d , tlu: dcpot hud lK'cn whitt: with turquoist· trim. hut l'nrlh-r 1•holc1 , ~how lhc.· dC'l)t1I inn , tun nnd r ed "irhL•me, whic:h tht l'it y rcapplit•<f. .J THIS NATIONAL TRUST FOR HISTORIC PRESERVATION ® PLACE ·MATTERS ---------·· I a m a n Atto rn ey a nd plan lO rr hab ilil alc th is huildin g a nd use il fo r offi ces. " 10 " 13 ss So Si' ,. '" riO ()j ,, ,., "' ., " ,, I} I] an " ., 8 ) .. H -~ '' ., t .,.,. ,, Home Real Estate Bev Maes f>h JOJ-855·8 100 Fax; 30J ·tl::>H·ti l 1U Th e or,nte<:1 uortlons o l th ,s f:>rm , excep t d lfrerenl•al ed aod 1t1ons , h11 ve be en auprove:I h v tflt• Colorado Rea l Est al e o mmI!;<;I0 n CBSJ · 10 · l I Mandato r J • 12 THIS FORM HAS IMPORTANT LEGAL CONSEQUENCES AND THE PARTIES SHOULD CONSUL T LEGAL AND TAX OR OTHER COUNSEL BEFORE SIGNING . CONTRACT TO BUY AND SE LL REAL ESTATE (COMMERCIAL) {~ Propony with No Rcsldunce s} 1 □ Pr ope rty whh Rosidcnccs-Rosidential Addendum Att ached) AGREEMENT Dal e 311 9/20 12 1. AGREEMENT. Bu}er.H:l enti hod m § 2 1, ::igroes 10 b-iy, a nd Seller. 1denhf1cd ln § 2 3. ag rees to se ll , tho f"'ro porl y (lc:;cnbcd below on !he term:; .ind cond 1t1 on:,; :;c\ forth 1n 1h15 co nl ro ct (Co ntracl ) 2. PARTIES AND PROPERfY. 2 .1 Buyer. B uyer, FREDERICK LEE MAES and BEV MAES. w II talie 11 !1 e to the Propeny described he!o w as ~ Joint Te:i an l s O Tenants In Common D Other nl a 2.2. A sslgnabill1y and lnurc me nt. This Con1·ac1 U Shall lJ Sh.ill Nol be .1ss1gnabte by Buy pr w1t1 1oul Se ller 's prior w·11ten :onsc nt Ex cep1 as so 1estr clod. lt11s Coflir:tcl sh all 1n1.re to the bene f1I o f and be b,nd1ng upon the heirs . persona l represonta tives. success ors and assigns of the parties. 2.3. Scllor . Seifer, CITY OF ENGLEWOOD, COLORADO . •s the cu rre1 t owner o' !he Property described be low 2 .4. Prop erty. Th e Prop0rl)' 1s the following legall )' descnbed real estate in the Cou nty of Arapahoe . Co lora do : 18 AND 19; THE VACATED PORTION OF THE EAST-WEST A LLEY DESCRIBED IN ORD.#29 SERIES OF 1996 OF TH E CIT Y OF ENGLEWOOD; LOTS 20 THROUGH 24, EXCEPT THE TRAINGULAR· SHAPED PARCEL CONVE YED TO THE COLORADO D EPARTMT OF TRANSPORTATION, RECOREDED IN P,OOK 7691 PAGE 270 OF ARAPAHOE COUNTY RECORDS . THE ABOVE DES CRIBED PARCEL CONTA INS 21 ,3 38 SQUARE FEET, OR .490 ACRES, MORE OR LESS. know n as No 30,8 S GALAPAGO ENGLEWOOD Cu 80110, together with the interes ts. easement s. rig hts . benefit s . 1rnp rovcmc"l1s and attached f1;ii:turos appurten ant ·he,elo. ;:md all interest of Soller in vacated stre ets and all eys adiacent the reto . excep t as here in exclucied (Prope1y), 2.5 Inc lusions. Tne Pu rc nase Pnce includes :he fo llowing 11e ms {l nctus1ons) 2.5 .1. F ixt u res . II mtached to the P1operty on the d ale o f this Contract: hghtmg , heating, p um bng. vcn hta lm g v nd air condi!1or11 ng h:,.\urcs . inside lolephone. netv,ork and coa xtJI (ca ble) wmng an:1 connecling blocks/Jack s noo r covcnngs in lorco n, systems. sprinkler sys·r.m s and co n1ro1s. gaiage door openm s 1nclud1ng 0 re mote c:m 1ro!s Other Fixtures : cc"/-=o __________________________ _ U any I Khires a1e a11a cheo 10 !he Prnpert y a llot th e da le of 1h s Contract suer add1 l1onal fix tures are also 1nclL1•1ed 1n tn e Purcnase Price. 2 .5 .2 . Pe rs onal Property . If on lh~ Prop erty whethe r e .. .Jched or not on the date o f th is Con1ra ct storm windows. s1orm doors. wmd:>w a nd porch shades. awnings !'lh• ,d s, sc reens. window coverings, cur.a in rods , d1apery rOC"l <;. healing slaves "i lorng c sheds, nn<l .:ill kP.ys If r.hr.c.ked . lhe following are included D Wat e r Softe ners O Smoke/Fire Oel ec-:tors D Security Sy st em s D Salell lte System s (inc ludi ng sa lelhte dish es ) Olhor Person al P,o p orly . n '.1 7he Ferso nal Propert~ 10 be com-ey ed ill Clos ing stia11 oe conveyed by Seller fr e:e and cl ear of all t~,;e s. (t:iia.ep! pcn,onal properly laxes ro r lhe y~ar of Clo~iny ) tiem, and encu rnb1ances, i;:i,:cep1 nl a . Conveyance sha ll be by l.:M ll o f sa le o r other ;:1pphcablc legal ,n strumont CUSJ .tO•l l CONTRA\T TO HUY AND SEL L REAL EST.\TE · Co nmmm l rage-I of I~ l T M((Onlr lC IS\'.011\ · C.!0 1 :! {"TM Scft\\JIC l \l!Jl '" iJ(i "' ,., ::, II' I .,, II '" IL l ~ 11 2.5.3 Tradl! F1x1urcs : Wi'h mspcc1 to lrade fl ~t ures Seller anti Butor agree as '.o ltows The Trade Fixtures to be cun11eyec1 a: C losing shal l •e conveyed by Solle r free a nd clear of all la~es (excepl persoral property t;irns for the yea r oi C 10s1.,g), li ens an d encumbrances. e iC cept n/a Convey.1rice shal , bo b~• bill of sa le or other nppll c..,hlc t · gal 1ns·run·cn· 2.5.4 . Park i ng and Storngc Facilities . D U,e Only~ Owners hip of l he fo\lowmg park ing fac1hl!e s n /a . .:lnd O U se 011ly ~Ownership of lhe tollow 1n c siornoe fac1l111es 11 /a 2.5,5. Water Rights . Water a nd Sewer Taps. ~1 g hts. Tile to'1 ow109 teya!l y dcscrlt:-o d w ater ngh :s 2.5.5.1. Dccdod W ater Any w<11c~ rights slrntl be comeye d by O ~"-'"------Deed 17 Other applicaole legal instrurnenl 2.5.4 .2. Well Rights. If any w ater wcll 1s l o be trans frncd to B l 1yer, Sfiller agrees 10 supply required inl ormat1o n about sucn we l lo Bu)'er B u ye, undc1s1arn:1s thai 1f me wen to lJC lransterrcd 1s a ~mall Cnpao111 Well or a Domestic Exem pt Wa1er Well .,sed for ord inary householC purp oses. Buyer st"',alL prro· to or al C:lnc;mo c:o m nlo:i l e a cr,ange m Ownership 'on11 tor tile wnll If an 1:::x1shng well Ms nu1 tmm1 ,e g1s tcred wit h lhc Colorad o DMs1on of v.'at er ResoLUc9s rn the Oeparlrne11: of NallJla l Resour ces (D1v1s1011 ). 6uyor st1all complete a rcg1s1t,1 t1on of cxrs11n g well !arm for the w ell and pa~• the cosl of reg1s!ra1 1on If no person w ill be prov 1d1ng a closing ::.~1v1Lt:! 111 t:011111~t.:hu 11 .-;111 1 Uw h ,1 rnu1t.h 1i11, 6 u yc1 :.11.;Jll rnu lli t:: 10 1111 w11 II ll 1t: 01v1~1un w 1l11111 :;1xly dtty::, .-iltc, Clo::,11 1y Tt1e Wet Permit Tl 1:-_nl_,1 __ ~~--- 2 S.5 3 r l Wnter Stoc k Certificates· 2 .5.5.4 . D Wate1 Tap D Sewer Tap Note : Buyer is advi sed l o obtai n , fro m the provider, written corr lirmat ion of the ,,mo unt r emain i ng to be paid , if ;my, lime an d olh<H res triction s for tr an s fN il nd u se of thn t.iri 2.5.5.5. Other Rights THERE ARE NO WATER OR SEWER TA P S ASSOCIATED WtrH THIS PROPERTY 2 .6. Excl usion s . The lo11ow1ng items are exct uded (Excl..1s 1ons ) NONE 3. DATES AND DEADLINES . C!l ;;;J.11.J-I I CONT IV\CT TO !IU) ,\NO ~EL L l<.E .-\L E::,l '\Tt: -lormni:rci al ("IMelol,IIJ,L, .om l\?ilt 'l I M ',0 111,,11,· (or(' COS J -10-1 1 .!!_ ~ 5 4 E ).1:,111 1~ Lu<.111 Ou1..u 111t,rllS O ead hr,e ''~--- _ 1181 ·-·-+~"-5 5 •_ 4 ,_--f-·· :,,:1s11,19~ Loar. 0ocumcnt~ec11on~D~•~•d~l~,n~•-+----~'"c'l•=----+- -~,~---+-~Lo.a!] l rans ler A ,o.,al 12£2~C n:a ppralsal ~ 96~7--+-=~=====---------l 70 --if~fi ~2--1,,.-~ Note Appllc.ibilily of Torm s. . S/11120 12 ----!-----=c5I! 1/20 1 2 ---+~"!!!'" f:UND ING 4/3/2<112 MIDNIGHT 11 .'~1 I -----'---~ --~ . _J Any lJ ult, 1.Jlct111<. or hr,e 1n lh !I Con1rn..:1 lo h bt an!< or completed wrh the r1bb1eviation "N I A" or lhl" word "Deleted" ,1oans such prov"1S1on 1n Oates :md Ocndlinos (§ 3) 1ncludmg an y doadhne, ,s not ap phc ablr. and tt'c ~u,ru:,µortllfllj p1o v1:,1011 uf l hl:, Cu11l l dt,,.I IU w i nch 1ef~r!;!llCC 1:, llltl l h: i:, dclelod Tnc aoore\11a11on ·MEC-(mutual CM .-cu1t o11 u l tt u:-C u11t 1dLI) 111cd11:. llh: Udh: u uun w t w •• 11 Lrut1 1 µr1r t1i:,:, hdvE: signed 1h1s Con tract 4. PURCHAS E PR ICE AND TERMS . 4.1. Price .i n d Terms . i h e Pur chase Pnce se ! rorth belo w shall be payable 1n US Oo!lars ciy Dl1yer as follov.s _!!em No _ j Roference ~tcm 1 ~ 4 1 J rC l~~-- 2 I§ 4 2 a rnest Money _ IA~~-Amount ____ _ _ 1_ s s,.nnn on .. __ __ _ _____ S5 ,000.00 4 ~--ssun pi1o n Balance -·· ----- 5 _ t~_?______ el lcr Jr Pnvate i=mancing J ,§ ,1 :> ~---ew Loan ----- l_ ,~;: -+~'-'~:'--------· ---+--- 6 § -l 3 ,ish di c 1os1 ng --$46 ,00o .oo L .. i!OTAL ----· ---$51.000.00 $51 ,000 00 4.2. E:irnast Money. Thu Earnest Mon ey se l lortll 1n mis sec11011 . in me Imm of PERSO NAL CHECK . sh all be oa ya blc to and nelo by (<MERI CA ·s HOME TITL E (Eamosl Monoy Holde r). rn 1\s tr ci s t a ::cou n1. on Dc ha'f of both Seller and Buym The ,1mcs1 M :mcy deposit s'1a ll Je tendered wilh l h1s Conuacl un less lne oan,es mu1uallv 1gree to an Alternative Earnest M onoy OeadUnc I§ 3) for 11s pa~meni If Earnest Money Ho lder is olller 1t1ar the Urc ke rage F,rn 1dcn1Ll rcd 1n § 33 01 § 34 . Closi ng lnc;lruc hnn,; c;1grw-d hy Au yfH Sollr.r .:ind Earnest Money Holder must Je ot1amed on or J efore de li very o l Earnesl Money 10 Earne5t Money Holde r T he parties authome dehvory of the Earnest Mone\' depos1 1 10 the co mp~ny conducl ina 11'\0 C!os1n3 (C losmci Conn::1 nv} 11 ~ry .:11 nr hPfnrP. <:lns1n'1 In th e RVPn r Fmnns! Mn'1 Pv HoltlPf h-'!c; CONTRAC-1 I O uu,• AND SEL L k EA _ ES Tr\ TE Cormm:m:i l P,lijt) of I 5 c-n ,1o1c,.,u ... 11 ~om . C 101! c,,., Sot1,.l11: Cui 11 JI I ',, ,','') ;I£, ,. ,1g rcod to havu 1nlercs1 on amc5t Money dcµos 1ts Hansfcrrcd •o a fund cstabhshcd for !he purpose of p,ovid1ng nflord ;:1h e housing to Colorado ,esirlP ntc;, C.Ptlni and Huyor :u:krinw 1Pc1UP. ~ml ~grpp 1hr1t :my 1ntArnst ~ccru ,nQ on the Earrcst Money deposited wit., lhc Earnest t,,1o ney Holder m l h1s 1ran sact1o"l shall be 1rnnsfcrred to such fund '1 .2 .1 . Alto r n3tivo ea rnest Money Ooadl lno. Tr,e d eadline for dehvenng tr e Ea·nos l Mo ,cy, 11 othc, than .it the t mo o f tender ol th1c; Contract 1s as sci l or1h as the A lte rna 11vo Ea rn est Money Dea d line (!:f 3) 4.2.2. Return o l Earnes t Monoy. U Buyer has a Right to -re·m1 na1e and time ly te rm Irates l:Su~·e , sha ll oc t:nt Ucci 10 inc re1u1n ol arncs1 Monoy as provIacd in 1hIs Con-ract U 1hls Contrac, ls term ina ted as set fort h in§ 25 and , ellcept as prov1dt.>d 111 § 24, 1f Ihc Earncs1 Money has not al1 eac1y bacn ret urned fol lowing receipt Gf a Nol!cc 10 1 orm1ra10 . Soller agrees !o ellC Cu\e and re turr to Buye1 o r Broke1 working w1lh Ouyo r, wrIU e n mul ual m sl/uchons. , c Earnc•u Money Rolc;:ise for m . w 1th1n three days of Seller's r eceipt ol si1ch for in. 4 .3. F o rm o l Funds; Thne o f Paymont ; Funds A vailable. 4 .3 1 Good Funds . A11 ,1moun1s 1K1rablo b y ttlo part ies at Clos 1n,;;. including :iny loan proceed:;, Cash a, Closing and c losing oos1s , sh all l>c tn funds that comply w it h a11 appl.cab1e Colorado laws, 111cl Jd1t1{1 (>lr•ctron1c 1r.:1nsfor fund<;, C0fl1fied l"h Pck. ~;ivmg.,, ~nc1 lo;:in ICIIP r'i; c hRrk ;mr1 r:;:i<;li1f>r'c; rhpc:k (Gnnr1 Furds) 4 .3.2. A .... Uablo Fund :;. /\U !und~ 1c qu1rcd to t:c p.1 do\ :10' .. 1119 or oc otho,-..,,::e :igrood ,n wntIng be1ween tM parties shall be timely paid t:J allow disbursem e nt by Closing Company at Closing O R SUCH PARTY SHALL OE IN DEFAULT Buyer 1c 1,rcstH1\~ thal Buyor , cis uf 11 10 date ul ll u~ Conu..icl , Dotts O Out1 !1 Nol h<we funds \hal ;uc 1mT1edmtcly vcn li:iblo and ava1labIe in ;:m amou11 nOI. less thar-lhe amocnt staled as Cash at Closing en § 4 1 4.4. Sol ler Conces sion . Seller. 111 Clos ,ng , shall c redit. as directed b y Buyer , an amount of S 11 /.i 10 a i::.s 1s1 wun Ou yer's ctos1 rg costs (Selle, Corccss on) Suiter Concession ,s In add 1llon to any sum Sello1 h3s ii ·cOd 10 p,1y 01 crc{llt Bu~cr c l scwhore 1, this Contrrict Seller Concoss1on shall be 1educcd to the extent 1t exceeds th'J .>m ::,un1 Jllowcd by Buyer's ender as set forth in tnc Closing S1mcment , nt Clo:;mg •1.5. N ew Loan, 10m11ted as inrtpphca ble) :~t: 4,6. Assumplion . Buyer a~rces to assume ano pay an ex1shng loan ,n the aoproiumate amount of _.,111 thr! A5 sumpt1on 8Jlancc set forth in ~4 1 :JresenU y payable ill$ n /a ::,er ----1!!il___ 111cl ud1rg ·"• l princ1p,1I and in terest prese ntl y ill th e 1cHc c l ___!]f!!__ 0/o per nnnum. and also 1nclu d1ng escrow for tho fo llowing ~;:~ as 1nd1c.11ect . □R en! E st ;u o Taxes D F>roporty lns urnnco Pro mmm .ind D 11 /a ~:;; Buyer ag1ees :o pay a loan iransfcr fee nol :o e1.ccud $ nl a . At the tim e ol nssump ion. the nev,• interest r rto shall not u,;cood .!..!..!.!!.... % per nnnum a nd 1hC n ew payment shall not exceed $ ~i~ ex 1s1 1n;aoan a1 ~:smg ~~~ess i~~nnc~~,: ::~l:~~:~1~~-:~~:n~!~r:.~1~~ ~;~s~511;~ea~:~~~.~~~~1~:!~~:q~~~e~f !~~~ ,o Bu\·cr at C losm q to be incre ased by more IMn ~ . ·-n /a thon Buyer shall ha ve l he R IAil to Tcnmnc1to under IV.' § 25 1. en o r :>efor-1 Closi ng D.i to (§ 3). based on l hc reduced amount of the :tciual pnrc1pa ! t'la l.J nce ~~! Seller nsh:1II nshall Not be released lroin hilhiht~• on ~;ur1 lo~n If ;tf1plir.ah1e comr1h.1 nc~ w ilh lhr> 1ris req uIrcrr,en1s tor release from hab1hly shall be evdenced by deh..,ery O on or before Lo.in Transfe r Approvnl ii, Ouudli mi (S 3) D at Closi11y ul an dPJJIO)J!kll~ lc!h:r of co rn mI ;rnen1 from lender Any cos1 fMyat>le for rolt'ase o t ,•1'-l l 1;1Dilily shall be oa1d by nl a In cin amount not to exceed S n /a ;•:.: 4.7. Soller o r Pri vato Finan cing. (Om 1t1ed :is 1n apphcable ) J 1!1 1;1 " I)' CUS1 10 I I TRANSACTIO N PROVISIONS FINAN CI NG CONDITIONS A NO OBLIGATIONS . (Om11tod ,:,i;. ,nappl!co b,o) 5.3. 5.4. Credi! Inform ation and Buyer 's New Senio r L oan. (Onuttcd as l noppllcJbl c ) Exis l i n g Loan Ro..,iow (Omitted as l napplicablo) APPRAI SAL PROVISIONS. 6 . 1. Lend or Pr opo rt y Roqui romonto . II 1110 lc11dc1 I11.poC0!"'. any ,oquircm~nlt or ropo11s (Rciqu11orn ontr.} fl) be macl e 10 i re Proper1y (e g , 1001 repail . repam1mg) beyond tr1osc mailers area(J1 agre ed to by Selle· m this Cu111 r,,n.t, Si:111::1 ,nay teurnnele u,1~ Coutrch . ..t {11u 1w1tt1~tand1ng § 10 o f 1h1s Cor'.ract) Seller shall have i nc .• ,ght to Te ,minate under§ 25 1, on 01 before 1h1ce days fol lowing Seller's reccIp1 :J I the Reou1 renent~ bil5ed o n any unsat1s1actol) F<ecuircment~. In ~el ler s sole sut>1ectIve d1scre1 10n Seller s 119,1 lo :erm 1na1c in 111Is § b 1 sh1I1 n ot apply ,f on o r befo1e an.., 1c rmina11on by Se! er pvsua111 to this § 6 1 t 1 J l he panics entc, into a wriaen agreement CON TKJ\n TO BLY -\Nl1 SF.L L REAL EST\TE Cmr.memnl l':igc 4 of 15 •u. Jul .. f; -.1..: .:i i; .:iu ~ ! ; CD SJ-10 -11 1"egard1rg thO Roq u11ernen1s , or (2) :he R quiromc nl s have bee , com p1eted, or (3) the s ahsfacuon o f the Rc\.j 1111cments 15 w,1 1ved 1n .... rr11ng by Buyer 6.2. Appraisal Condition. The applicable A pp ra isal provi sion set torth be lo w shall a;:,ply to the rc spcct1110 lo an l ypc set forth m § 4,5.3, or 11 a cash 1ra nsact 1on, Le, no fina ncmg , § 6 2 1 shall a pply. 6.2.1. C o nvonHo nal/Other . Guyer shall hilvo the sole option a nd etecuon 10 te rminate 1t 11s Co ntract 11 tho Property's valw n1 o n is le ss than the Pu rc.,asc Pnco dc tc nm ned by ;i n a ppra iser e ngage d by n /.:1 The opi:roi sol 3holl be re ceived by Buyer or Buye •'t. lerlder o n er be fo re Apprai u l Oc adlinc {§ 31 Buyer shall 11ave l ho Rig h: to Tcrmrnate unde r§ 25 1. o n o r before Apprais al O bj ection Ooadll ne (§ J I, if lhe Pmpe,ty's v alua tion 1s less than the Purcha se Pncc and Seller's recei pt o f either a copy of such ~pp raisa l o r written not•ce fro r:i lender that confirms tile P1 o pc r1y·s valuation 1s le ss man the P urchase Pri ce 6.3. Cos t o f Apprai sal. Cost ol any appr.1 1s<1 l In be-ob1a1ned after lhe d ate of 1n1s Contract shall be t mcl}' pm d by ~Buyor D sullor EVIDENCE OF TITL E AND C ICASSOCIATION DOCUMENTS, 7 .1 Eviden ce o l TIiie . On or before Record Title Ooadllne ( § 3), Selle r s1au cause to be fu rnished lo B uyer , at Seller's expe nse, il current comm111110nt for ow no r·s ti tle insu ra n c e pol icy (Ti1J... Cu111 r11!1 nen l ) 11 1 anamount eq ual to !he Purch.1 sc Price . or ,f lh1 s b ox 1s c hecked, D A n A b :.t r..ct ot ti tle cc r1 1f1 c d to a c1.mon1 dmo If 1111e msurance 1s furmshcd, Seller sha ll also dehver 10 Buyer copi e s o l any abstract:; of ti tl e rovenng an o r any por1 1on ol the P roperty (A bsl ract) In Sel ler's possession At Sel1e •'s e xpeo1 se. Sell er shall ca use 1,e 111!0 ins ura nce policy to be issued a nd dehvered 10 Buyor a s soon as piachcablc a t o r al ter Closmg The litlo 1,surancc co mmltme11 1 lms hall C S h a ll Not commit lo delete or insure over lhe sta nda ru 0K ceo110ns •uhich relate tc ; ( 1) p arties 111 possessio n, (2) unrecorded o:J scmc nt:;, (3) ourvcy m :Jllon;. (,1) a ny unrocord od n·o chan1 cs ' he ns. (5) Q:J P peri od {e ffective aate ol comm11rne nt to date deej ls rerorded ), and (6 ) unpaid ta xes, assessments and unrnduornod l ax sale s_eri or to :he year of Closing . A ny add111 on.1 1 pre miu m CMpo n so to obtain 1h1s add1honol covcrn ge stia n be pa1d by c:g Buyer D S olle r . Noto. Tri c 111fe insurance compan y may n ot a gree :o delete o r 1nsu1e over any or all o f the sta,e1 ard exceptions Buyer :Jha ll hove It'll/ t}Sh l to review the T,1 o Commitmont 1t !; p:01.1t.,o ns and T1Ue Documents (defined u 1 5 7 2 ). an d 11 not sa1,sf;1 c1ory 10 Bu)·c r. B uye r may exercise Buyer's rights ou rsuan1 to§ 8 1 7.2 C oples or Exc optl o n s On or be fore Rec o rd T i tle De ad line (§3). S elle·, .11 Sollers ex pense , ~hctll furnish to B uyer a nd ~er s broker . ( 1) copies of any plat s. decim a ti ons, cove nants, co nd1tconG and restn chons burdon 1ng tno Pro perl y, and (2) if o Title Commitment is rcqulre c to oc fum 15h!!:d , ond 11 thin boK i j chocked D Copl c :; of on y Other Ooc umo nts (or, 1f 1lleg1ble, sum ma ries of such docu ments) hsted in the schedule of exception s (Exceptio ns). Even 1f the box is not checked, SC ll c1 snail have l he obhgat1:m to furn is h lhc sc d :x;ume ,ts p ursuanl to this section f re ques ted t y Buyer any l im e on or be k :c €:<c c pllons Req ue s t Ooadli no (~3). Tht s requi1emon1 sna ll per1a 1n only to oocuments as snown ol ,ecord ,n the offi ce of 1he clerk and record er in the courity w here \tic P,oper1 y 1s locate d Tnc nbs:ract or Tille Co m nulrncnl, togeth er wi lh nny co pies a, surnmanes of ~1,rn no c-.umPnl s furrushect pursn.m 1 to l h1s secll on. co n stitute th o!;! htle docume nts (co llcct,vcl y, Tille Oo cu mcn \s) 7.3 Hom eown ers ' A ssoci ation Documents . The term i\ssoc1al ron Do c uments consists of all owners· ussot.:1a t1ons 1Assooa11o n) decrara11o ns. oylaws, operati ng agmemcms, rules a nd 1uyulc,uiu 11~. µa1ty wdll ag reements . minutes of most recent a nnual owners' mee1 1ng and m inutes of any dire c to rs' o r ma1agers· m eetings dunng 1·10 s1x-m ontll oe ri od ·mm cd1 a1e ly p recedi r g the date of this Contract. ii any {Govern ing Docume nts). most re cent I nanc 1al d ocuments consist1rig o l ( \) annua l balancu s hoo t. (2 : annual incom e and Ol<pc nd 1ture s sl ale ,mml. an d (3 ) an nua l budget (F1nanc1a t Docume nts), 11 any (collecl lvely. A ssoaaho n Doc ume nts). 7 .3 .1. Co m m o 11 l11!01u s t Conununlly Disc lo s ure . TU E PROPERTY IS LOCAT ED W ITHIN A CO MMON INTEREST CO M MUN ITY AN O IS SUBJECT TO TH E DECLARATION FO R SUC H C O M MUtHTY. THE OWN ER OF T HE PROPERTY WILi. B E REQUI RED TO B E A MEMBER OF T HE OW NER'S ASSOCI ATIO N FO R THE CO MMUNITY AND W ILL BE SUBJECT TD THE B YLAWS A ND RULE S AND R EGUL ATI ON S O F THE ASSOCI ATIOtl. THE DE CLARATION , B YLAWS , AND RULES AND REGULATION S WILL IMPOSE FINANCIAL OBLI GATION S UPO N HIE OWNER O F TH E PROPERTY, INCLUDING AN OBLIGATION TO PAY ASSESSME NTS OF TH E A SS O C IATION . IF TH E OWN ER ODES NOT PAY TH ESE ASSE SS MENTS , TH E ASSOCIATION COU LD P LAC E A LI EN ON THE PROPERTY A ND POSSI BLY SELL IT TO PAY THE DE BT. THE DE C LARATION , B YLAWS, AND RUL ES AND RE GULATIONS OF TH E COMMUNITY M .\Y PROHIBIT THE OWN ER FR OM MAKING CH A NGES TO TH E PROPE RTY WlfHOUl AN ARCH ITEC TURAL R EV IEW BY TH E ASSOCIAT IO N (O R A COMMITTEE O F THE ASSOCI ATIO N ) AND THE APPRO'.'AL OF TH E A SS O CI ATI ON PU RCHASER S O F PROPERTY WITH IN THE COMMON INTEREST CO MMUNITY S H OULD I NVESTIG ATE THE FINANCIAL OBLIGATI ONS OF MEMBERS OF TH E ASSOCIATION. PURC H ASE R S SHOUL D C AREFU LLY RE A D THE DE C LARATIO N FDR THE CO MMUNITY ANO THt B YLAWS AND RUL ES ANO RtGULATIO NS OF THE ASSO CI A TION . 7,3 ,2 . A s s oci ~tio n Ooc umcnl s t o B uy er ~ 7.J .2.1. S e tl er to Provi d e A sso c i atio n D o c um ents. Seller s hall cau 5e tne A ss ociation Docume nts 10 be provi ded 10 Buyer, at Sell 01 's ewonsc, on o r before A s s ociation_ Docu m onts Deadli ne (§ J' CONT RA Cl TO UU Y AND SFU Rl'AL FSTATE Comrnc ,cml l'agc 5 or 15 ,11a D 7.3 .2.2. So llor Author i ze s A ssocia tion. Seller authonzes lhe Assooahor 10 provide th e .:•9 Assori;111o n D ocumenl s In Buy,•r ~, Pllor s c r r,f:!n sP. 7.3.2.3. Seller's Obligation. Sa lter's obllga11on to p rov ide the Association Ooc:umonts shol! bo fulfilled upon Buycr'!l rccoipt of lho AGsoci:ihon Oocumont&, r og.:i rct lot;t of who prov1doi:; GJCh docur 1o nts Nole : II 110I\h er box in 1h1 s § 7 .3 .2 Is checked , the provisions o l § 7 J .2 \ shall npply 7 .3.3. Condlllo.-ial on Ou ycr's Rovlew. II th~ boi,; m eilher § 7.3? 1 or g 7 3 2 2 1s checl<.od . the provision s ot this§ 7 3 3 sha ll a pply Buyer sh.J I! t ~1vo tho Ri ght 1o Teminal o under§ 25 I, 0 ,1 or belorc Associalion Doc uments Objecllon Oeadllne (§ 3), based o n any u nsatlsl actory provision In any of th e A ssocia1 1on Oocumcnl s. tr-Buyer's sale su Ject rv e d 1scro t1on Sllould Buyer receivo the A ssociation Oocu rncnts alter A ssociation Ooc.u m cnts Ooa dlinc (§ 3). Buyer, al Buyer's optron. shall have the Righ i to Term inate under§ 25 I by Buyer 's No11ce to Termrn ate re ceived oy Seller on or before len days after Buyer's recei pt of th e Associollon Documents If Buyer does no1 recuIve l he Assoc,ahon Doc umor,ts, or II Buye r's N o11cc to Te rm nal e would 0I1erw,sc t>c ,oqu11o d lo be 1ece1ve d by Scllor alto, Closing Dalo (§ 3 ). Buyer's No11co to l orm in atc shall bo rocc,vod by Seller o n 01 bc lcrc lhree days prior to Closlng Date(§ J) II Se lle1 does not re ce ive Buyer's Nollcc tc Term1rrnle wnhin such tim e, Buyer ace-apt,; th r prnv1 ,;1o n s nf !hf' Assnr:1~11on n ocurnf"n l ,; ~---.~1i-.f.:1r:lnry, and Buyer waives any R1gh' 10 Terminate undo, this prov1s10n , nolw1thstanding lho prov1s1on s of § 8 5 . 8 . RECORD TITLE ANO OFF -RECORD TITLE MATTERS 8 . 1. Record Tille M allors. Buyer ha:; the rig ht to re11Iew and object 10 an y o f th e Title Documents {R,ght to Object, Rcsolut1on) as so1 tonh 1n § 8 3 Buyer's obJo ct,on may be based on any unsa11 sfacto ry fo rm or content ot r1uc Com r111 1mont, no1w1tnstan dlng § 13, or any other unsallslac tory 1111e condition. i n Buyor s sole SJb1cc 11vc d iscrehon. If B uye; obJ ects to any o l the Title Document s. Buye r sh all cause Seller l o receive B uyer's Nol 1ce lo Tcrmina 10 or Notrcc of r 1ttc Objecti on on Of befo re Record TIiie Objoclion Ooadlmc (§ 3) tf Title Doc:uments a1 e not rece1Ved by Buyer. on or before th e R oc ord Tltlo Ooadlino (§ 3), or 11 th e·e Is an o nclorsemcnt to l~C Title Comm,tment that adds a n ow Exception 10 Uli c, a copy o f l hc 110w Exception :o 11110 ~tnd the rnodllicd Tille Comm 11ment shall be dehvercd l O Buyer Buver sh al l ca use Seier l o recer\le Buyer's N o11cc to To ,minate or Noh te of T 1Uo Ob1 oct1on on or befor e ton d a~•s alter receipt b)' Buyer of lhe follovnng documents ( 1) any roqu1red T1Uo Oocumc11 nOI hmoly recr>1 veci hy R uynr (::>) :-.n y r h •m~I! lo l h o T1 lln Jnc11mnnI~ or (3) ondnl"'t0rnen11 0 1h11 T1t!a Conun 11r1ont II Selle r rece ives Buyor 's Notice to Termi nate o r No hcc of -111 0 Ob1echon . pursuant to this § 8 1 (Record T1 l 1c Matmra), ::iny t lie obJe c11on by Buyer. and lhis Co.,tra a shall be governed by the p,ovisio,s sel fo rt, m § 8 3 1R 1gh1 10 ObJect, Resoluti on) II Seller does not receive Buyer's Notice to Terminate or Nollce of Title Objection by lhe apphcab!e dcadhno s:wc1hcd above, Duyer accept!i the condition of t11!e tt s di sc losed by 1he T11lc Documents as sali sfactory. 8 .2 . O ff-R ccorel Tl 1le M an ers. Seller s1ct ll Oc hvur 10 Buyer, u1 1 ur l.Je luru Off~oc01d Title OtH.td lin ~ (§ 3), 1,ue co pies ot a ll existing su rveys m Sellei's possession p0r1a imng to the Property and sl'",ali disclose to Buyor all casements, he ns (m cludmg , wlthoul llmltat1o n. governme ntal 1mpr.:,ve me nls approv ed, out not ycl 1nslalled) o r 01 her l!Ue maners (includ ing wll h.:>ut hmitaton. righ ts of firs t rcfJsol and options I not sho wn by puo1 1c reccnJs . of w htch Seller has actual knowledge Buye, shall have tho nght to Inspec1 the Property to mves t19a1 0 1f any 1h1rd pan\• ha :; an~ ngh: 1n the Propeny not shown by pu bl c records (such as an unreco~dad easomeni, unrecorded lease. bo undary l ine di screpancy or watcr ng hts). Buyer's N otice to Terrnnate or NJl 1ce of Tille Ooject10n ol an y unsat isfnc tory condillon (whnlhn, d 1sr.losct1 by Seller 01 reveale d by sucn inspection, no:w1ths tand1ng § 13). i n Buyer's so le su bjeclive d1 sc retton sha ll be recoh•ed by Soller un or before Off,Rocord Title Objection Oe.idline (§ 3) II So llo r ,ocolvm; 8 uyo •'s Nolico to Tem,in nle or Notl ce o l l 1t!e Objection pursuc1nt to l h s § 8.2 (Off-Re cord Title Matters) any title ob1cd 1on by Duyer. and tr\ls Contmcl shall bo govt1rned by 1,e prov,sior •; sot forth in§ 8 3 (Right to O biec1 , PcsolullOn) If Seller doc!l not ,eccivo B uyer':; N otice to Torn-,notc or Mollee o f Tille Objoct1on, en or bcrore Off-Roccrd Tille Objection Ooadllno \§ 3), Buyer accepts !Ille sub1ec110 such 11ghts. 1f an\ ol third parUes of wr1 1ch Buyer r1as actual know1ctJgo 8 .3 . Righ i 10 Object, Ro solullon. B uyer 's nghl 10 ob,ect to anr 1ille ma11e rs s1all include , bul not oo !lm1Icd 10 !hose matters set tortn 1n §§ H 1 (Record Tille M a ners), U 2 (On-Re corcJ t lie Mnner1) ana 13 (Trar.src r ol Tille), in Ouyer's sole sub1ec.i1ve d1sctehon 1colte ctively , Notice of -nue ObjCChon ) 11 B uye r obJo ct s to any !Ilic mallet. on 01 bolore the app u: .. 1bl e dcodhne, Buyer shall ha ve the cno1cc to either (1) ob,cct to 1hc cond 1110 n of hlle. or (2) terrnmatc th s Cont rac t 8 . .,.1. Ti tlo Res olutlon.11 Solle r rccc,vcs Buyer's N o:.cc of Ti lle ObJcction, as provided m § 6 .1 (Rnrnrd 1"1!10 M ;:itt m~) or§ I\? (nff.Rcr.nrtl T1tln M;i11crs). on or be fo re the applicable dr.mtlmc . a nd ii Buyur and Seller have n ot ag,eed to a wntlen scnlcmcnt !hereof on or before Title Rosolulion Ooa dllno (§ 3). lh s Contrad shall 1orm 1na 10 on the e1tpi rah on of Tltlo Ruolutlon Deadline (§ 3), unless Seller rcce1vos Bu yer's wfitten .... ,thdra wal of Buyer's Nohcc or Title Q:,joct,o n. (1 .0 . Buyer's wnttcn nolico lo Y1a1vc obrct1o n to such item s and waives the night 10 Termina te for l hot ,ea:1011 ), o n o r bclorc exp ,ohon o f Tl tlo Resolut ion D ead lino(§ 3) 8 .3.2. R ight lo Torm l na10 -Tltlo Obj oction . Ouye· sha l h;ive th e Right to Te rminate under§ 25 1, on or bOl01 e the apphcable :icaahne , oased on any u.isat sfcu..:lur y t !le 111d Ut!r , 111 Buyllr'~ ~ult! ~ub1cct1v c d1s crch0 1 8 .4 . Spoc lnl Taxi ng Oi s trlcl s. SPECIAL TAXING 01S TKICTS MAY BE SUBJECf TO GENERAL OB LIGATION INDEBTEDNESS THAT IS PAI D BY REVENUES PRODUCED FROM A NN_U AL TAX L EVI ES ON CRS3,10-l I COi\TRACT T O BL'Y AND SE LL l<EA I. ES rATE. · Co mme,cinl Pns~ 6 of 15 C l Mcl.ui:1 •~t,,;om O ~O t ~ CTt.1 So11w ,11c Cmp THE TAXABLE PROPERTY WITHIN SUCH OISTRICrn. PROPERTY OWNERS IN SUCH DISTRICTS MAY BE PLACED AT RISK FOR INCREASED M ILL LEVIES ANO TAX TO SUPPORT THE SERVICING OF SUCH DEBT WHERE CIRCUMSTANCES ARISE RESULTING IN THE INABILITY OF SUCH A DISTRICT TO DISCHARGE SUCH INDEBTEDNESS WITHOUT SUCH AN INCREASE IN MILL LEVIES. BUYERS SHOULD INVESTIGATE THE SPECIAL TAXING DISTRICTS IN WHICH THE PROPERTY IS LOCATED B Y CONTACTING THE COUNTY TREASURER , BY REVIEWING THE CERTIFICATE OF TAXES DUE FOR THE PROPERTY , ANO BY OBTAINING FURTHER INFORMATION FROM THE BOARD OF COUNTY COMMISS IONERS, THE COUNTY Cl.E RK ANO RECORDER , OR THE COUNTY ASSESSOR . Buyer shH1l 11ave Iha Ri;ht to Te rmin al ~ under 6 25 1. on or befo re Off-Rocord Tltlo Objoction Deadline (§ 3 ). b:.i :;od on any unsa\lsl ac tory u ffac! ol th o P rop, •y bein o tor;l\~d wilhln ~ !-f'l1',r.l ;1 l 1:n.in o rl1 <:l11 r.1. m Buyor ·s so le subJe.-:hve disc re tion . 8.S. Righi o f Fir:;t Rofu sal o r Contract Ap >roval. 11 lhore is a right of fi rst ,c fus al on tho P ropcny. n r ~ .1gh1 to ap prove this Con 1rac1, Selle, shall pro mptly Jbm 11 th is Con tro ct acoording 10 the term s and cond1hons of ~ucll dyllt. II th e flO ldcr o f l he nghl o l fi ,st rc l uso l e , fCISO S !J Uc:h ri ght °' lh o holder o f a righl lo :,pp,ove d1 supp101i1es this Contr act, this Co ntract shall tc rrn .. i.11c . If tho nghl of fi rs t re f us.ii ,s w.i1ved C)(ph cilly o r exp11e s. or ttio Cont rat.t 1::, c11,1µr u ved. this Cunllac t Shdll remain 1n h.i'l force and eflect rieller shu!I pr omplly n ollfy B uyor m ·,m1m g ol 1,,e for egoing If ot p1 ra11on or wmvm ol the ngh l ol ti rs l refu sal ot Co ntra ct approval has not occurred o n 01 :iclorc R ight ol Fi r s t Rofusal Ocadllnc {§ 3), 111:s Contract shall then 1w11 111 1dtc . 6.6. Titlo Advisory. Tho T1Ue Dccurnonts affec t tho rn le. o wnership and use or th e Pro pc ny and should be 1ov1o wod ca rcfully f\dd1t1ona11y otn er m att c1 s not rol locted 1n the TIiie Oocumonts m ay attec 1 1ne lille. u wne.: til 11p and use o l the Propo l'ty, includ ng. W4thoul lnn11at10n , boundary lin es an d oncro ach-n c nts. area. Lon tng, unrecorded easements and claims of easements. leases and o lh er unrecorded a gre ement s. and v a·1ous la ws and gov m nment al 1cgu1a11o ns co ncern ing land usu. developme nt an d env1ro n111 onta1 manors Th o s urface estate may be owno d s eparate l y from Iha underlying mincrn l ostato, and t ran sf er of the s urface o s t al o docs not nec essarily inc lude transfor of tho m l nc ritl r ights or water r ights . Third partie s may hold interest s In oll, gas, other minerals , goothonnal energy or water on or under tho P r operty, wh ich ln1 orcsts may givo lhAm rights lo cntor and us o tho Property. S uch maile rs ma y be excluded from o r no ! covc rc a b y t:10 t1lle nsurnnce pohC'( Ou(CI 1!i advised to t11 ncty con su lt toga! counsel wl:h resriect to all such mallc rs as 1tic,u arc sI11ct ti me hr mts prnv1r1 m1 in th l~ Cn nI m r.I (P. g . Record Tltlo Objection Oeadllno (§ 3) ond Off-Rocord M atters Objection Ooad li n c (§ 3)1 9. CURRENT SURVEY REVI EW . 9 .1 . C urren I Survey Condltion G. If 1ho box n § 9 . 1. I or § 2. 1.2 1s: checked, B uyur , l tle 1Gsuo r of the l •/le Comrnltment o r me provide r of me op inion of title ii an a bstract, and nl a Shdtl r~c;.tfri t: d Cuu enl SuNey,, I'! , im prov emen t l ccnt1on Ccriificatc , lmprovc rn cnt Su rvey Pl.:l! 01 othor form al su r-..ey se l l ort h i n § 9.1 2 (collecl1vely . Curr ent Sur-..cy), on or befo1 -? Current Survey Ooad l i nc (§ 3) Th e Curren! SuNOY snall Oe ce nllied t>y tn 1:1 sur veyor lu dll 11tose who are le receive lho Curre n 1 S urvey ~ 9.1.1. lmprovemen~ Location Certifica te . lf lhe bo-.: m !h is ~ fl 1 1 1s c h ecke d. O s cll or ~Buyer c;ha ll orde, or provid e. anc pay. on o ; b efore G in sen g, Ille COS I ol an lmprovemen1 Loc allon Certlfl c.ite D 9.1.2 . Other Survey . If lh e box m this§ 9 I 2 1s checked . a Cur·ent Survey other than ;m Im prov ement l oca 11on Ce111 1icate. shi tll be an D l mproveme n1 Survey Plat O nl a . The part ies agree that paymen of lhc CO.ii of the Cu rrent Sur ,oy an d obligalion to ord er o r p-o v1oe th e Cu rren t Survey sh all bo as follow!i ~"'~•---=-----,--,--,---,------,-----=---=--c,---- 9.2 . S u rv oy Ohjoclio n. n u ~fH !,;t,all h;ive the nght l o 1ov1e w und obie :t to th e Current Survey Buver shc11I have the Right ·o l e rm inate under§ 25 l , on or before l h e Current Survey Objecti on Doadlln e (§ 3). ,r \he Current Su r,oy 1s not t1 mo ly re ce ived by BuyN o r based on M y unsnhsfnc-tory m~llor wi lh th,1 r:urmnt Su rvey . notwnhst an din~ § 8 2 or§ \3 DISCLOSURE, INSPECTION ANO DUE OILIGENCE 10. PROPERTY DI SCLOSURE, INSPECTION, INDEMNITY , INSURABILI TY, DUE DI LIGEN CE , BUYER OI ECLOSURE ANO SOURC E OF WATER , 10.1. Sell e r's Properly D isclos ure Doadli no. On or bcbrc Se lle r's Pr o perty Disclo sure Doadiino (§ 3). S~ll l!r agrees to dohv o, to Buyer th o mosl current vers io n of th e apphcab te Colo,ado Real Estate Corrrm ss1on s Se l ler's Prope ny D isclosu re form complet ed by Soller 10 Sc llor's a ct ual kna....lcdgc. current as of the da te c,' this Conl rac t 10 2 . ln !;.po cl lo n Object ion D ea dline . Unless 01 hcrw1sc prov1CleC1 1n 1h 1s Con tt ilct, B uye r aci..n owledgcs Iha! So ller 1s conve ymg l ho P1ooct1 )' 10 Buye, 1n an ·a s 1s· co 1d1uon ·wncrc 1s· and ·with all lauus· Seiter shat! disclose to Bu y~r. 1n writin g any l <1l"n1 <1 ri loc1i. RC:tua 11y know, hy Seller Bu)CI . ac1mg 111 go~ l a th , shall have the rignt to h ave 1nsrie c11ons (by o ne o r more thi ra pa rhes. pe,"'SO nally or bo lhJ of the Property and I nclusions (ln:;poC1 1on ). 01 Buyor'::; cxpc nr.c If ! l) the physic al con d 1lion of the Property, including , out not 11r11 trirl lo, l hP. 1001 CBS)-10-11 CO NTR ACT TO UL:Y -\NO SE LL REA L ES T A TE Comm r m:il PJ~c 1 of IS walls , stru:l ural 1ntcgnty of lhe Propcny , lhc elccinca t, plumbing , HVAC and othe r mochan,c~I systems of the Proporty , 12) th e oh\slcal cond1 t1 on of the tnc!us1ons. (3) service 10 !he Proper ly (mcluC1 1ng u!ll!h~s "nd oomm unrca t1on sorv1ces), systems and components of the Property. e .g healin g and p1umb1ng , (4) any proposed or nius!i ng trans portation pro1ecl. road . siree l or hiphway. or (5) any othe r acbv rl y, odor or no,se (wheth~r on or off tho Property) o,d Its clfccl or expected effec t on th e Properly or its occ.uoa n:s is unsatisfactory, 1n Bu yer's so le sub1@<..t.ve dtscreti on Buyer shall , n n n, boforA Ins pectio n Object ion Deadlin e (§ 3) 10 .2.1. Notice 10 T orminalc . t-1ohfy Seno r in wn hn g l hat 1111s Conlrr1ct 1s tenninmod ; or 10 .2.2 . Inspection Obj ect ion. Dehver to Selle r a written descript mn o f any 11ns:1l 1sf.~r1 ory phys ica l :ond1t1on tha t Suyc1 reou ros Seller 10 cor rect. Du yer :.hall have l he R1gn110 Tcnninc,to undo, '153 § 25 1, on or bo lm o ln1opac llo n Obj oetlon Doadllne (§ 3). b.1 scd on any unsat1s fac1or1 physical cond1 t1on or the Property or lndus,ons. in BuyeraE '"'s so lo sub jec11110 lJ 1sc whon 10.3. ln s poction Rosot ution Oo adllne. II an lnspccho n ObJcchon 1s received by Se ll er , on or befor e ln s p oc llon Objection Dc3d 1t nc (§ J).rm lJ if Buyti• c,:t 1k.J Stille, have not ag reed In wnl 1ng to a so lllumcnl thereof on or before In s p ection Re so lution Deadli ne (~ J). this Contract shalt lcrmina:e on tn s poc t ion Res o lution Deadline(§ 3). unle ss Selle r rece ives Buyer's written w11hdr.iwa 1 or me lnspectiuu ot,iuc11011 bo lo,o ::iut.t , termin ation. i e , on or betore Cllp1rallon of lns po c llon Resolutlon Deadline (§ 3). 10 .4. Dama g e, Li en s and Indemnity. Buyer, ellc:ept as olhorw1 so provdce1 in this Coniract or ot,ar written agreem ent be tween the parties, 1s respon:-ible fo • payment for all inspections, tests. surveys. cngineeriny 1opa rt s, or any ot her work po r1 ormed a1 Buyer's roques1 (W ork) and sha ll pay for any damage that occurs to the Property and Inc lusions ~s a result of sueh Work Bu yer shall not perm1I claims or liens of any kind against the Pro perty ror Work performed 01 th e Property at Buyer's reQ ues l Buyer ag rees lo 1ndm11nrfy . prot ccl and hold Selle' harmless from ;m t.I against any liabil ity , dam ao o. cos! or expense incurred by Seller and ca used by any such Work. cla im , or li en Th is indomn11y incl:.J des Se ll er's 119h1 to recnver alt costs and e>ep anses 1nc,1rrc d oy Selle-In cic frmr1 ngmn,:;1 ;my ,:;uc:h 1m,b 1IJll,i. damage. cost o r expense. or to en force this soc11on , mcludinn Seller's reason able aucrney fees , legal feos ant.I ~,l(perises Tho prov1s1ons of this sec ti on shall surv1\C the 1~rm1n ation of th is Contrnct ~0.5. ln su ra bllily. 0 Jycr sha ll nave !hf:. ng ht 10 rev 1ow and obJBC I 10 tho avF11 lnb1ht y, term s and cond1t 1ons of nn:I pr em ium fo r proparty in11ura nco (Prop erty l ns umnoo) Buye r stmll have !hf• qiQhl In Trinnln~te umlAr § 2~.":. on or be fore Prc.,pc rty Insur anc e Obj ection Dea dl i ne (§ 3), based on any unsat sl ar.1:,ry prov1s10n ot the Proper,y lnsw,mce, 1n Buycrl'l{'"':1 ~otc subJcctivc d1scre11on 10 .6. D ue D i ligonco Docum e nt&. So ll er agroos to deliver copies of l he following doc uments and 11 11 1,,1111 1dl1un po r1a1rung 10 the P,oporty (Due Diligence Ooc umcn \9) to Bu ye r on o· be fore Duo Oillgonc:o Doc uments Delivery Dead line{§ 3) to the exlcnt such Due Oihge nce Documcnls e)ol.ls t and nre in Se!l er:it:n.•s possess ion 10.6.1. AU curr ent leases , including any omendrnenls or Olher oc:upancy agreEimcnls . pcruuning lo the ~roJerl y (l eases) 10 .6.2 . Pro per,y tai bills for !he last .]_ yea rs ; 10 .6.3 , O.s-bu 1lt cons trucl ion ptan s to th e Prope rt y nm.I th e 1e nant 1mprvvernon l • J m ch1to ctu·a1, c cctr1cal , mecriamcal an d structural system s; cng1noer1ng re p::ir1s and permanm ,ca 1es ol Occ1..pancy, to 1ti c ext ent now available; 10 .6.4 . A hst of all Incl usion s to be conveyed to Buyer; 10.6.5. Opera ting s1 a1ements for 1he past _years: A 1 0.G.G. A ren : roll accurate and co rrccl to lhc dme of 1h1s Contrac t: 10.6.7. All curr en t leases, 1ncl udtng any amon drnents or ol her occupancy ag reeme,11s . penaining to the Propor1y (l easos ). 10 .G.8. A scnedule of ony te nant 1mprovnmont wot1C. Soller tS obli gated to co mp lete but na s not yol c:>mplctcd and cap ,tnl 1mp,ovomont work ciU1m scheduled or 111 prorusc; "'In the r1 nln nf !hr<; C::">nlrnr.t : 10.6.9. A!l lnsuran:e pclic,os por1a ,,1ng 10 the P rop erty a nd cop1e:. of a ny clrt ims which have lwcrt 111'1llc: fur 1110 past J_ years., 10.6.10 . Soils rcpor1s. Surve~s and cngincorng reports or d .:ua per1r111'1ng to tne Property (1! not e1e11vcrea ear11cr under § e 7). 10 .6 11 . Any ;1nd all e,ushn g documontat1on and reports regard ing Phase I and II onvuonmontal ropons, lett e,s, test results . acv1sones , ano s11111lm documcnis respective tu tho t!Ah>l e net: 01 111.111c11istent.t: uf nsbcstos. PCB lransforrners , or other tol1 1c naza1dou s or con:annratcd substances. and/or undorground storage tank s and 'or radon gas If no rnpcrts are 1n Seller's possession or Known 10 Seller, Se ller sl'laU warran 1 Iha \ no i,1 ich rep ort s nro in Se ll er's po.session or known to Seller . 10 ,612 . AnyAmoncans w1/11 D1sab1f1t1es t.rf reparts, stud ies or survo)'S con cc m1ng til e co moh,inco of '.he Property wr·h said Act 10 .6 13. All permits. llU:nscs and other budding or use authOrizal ron s issued by any oovemmrni..11 autho·1ty w,tr1 1urisd1ctio:i ove r lhe Pronerw and wnn en no t•ce of any v1ota11ons of any su:h penmls, li censes er IJSe auit-onzations 1f ar,y, and lllSJ-10-11 CON TRACT l O BU\ AND Sc.LL Rl:AI ESTATE · Co1111n~rc1:il 661 668 ... 610 &11 671 6 1) 67~ 6 75 b/6 611 "' .,. 6 00 681 6 R2 .. , 6 0,1 ""' 6A6 6A1 688 6 8 9 (1 ')1) '" ,01 .. , f,1)4 &9 S £,9(, r,97 ••• ',1)9 100 n1 '" /OJ ,u' ,os /00 707 ,o, 109 '10 "I ., ; ~: <I "' ~." 117 IIR 1 ,. /20 ni 111 :';!J J:!_,; ns '26 "' ,,. ,, . . ·) t]J .,, ; J) .'),\ 11:i /16 '31 IJB ,,. "0 ., , .. ") 74,\ ,.,s ,.. '" "' 7-19 ISO 10 .li.14 . Ot he· Documents: 10 .7 . Du o Diligence Document& Conditions. Buyer sha ll have the ngnt lo ,ov rew and ob1ect to Due D l1gcncc Documents .zoning i.llld any use •estncllu11s m1posee1 t>)' a r,y guvtJr 1111 1t:r 1lJ! ayt:m .. y will1 iur1sd1clinn over lhe Pro perly (Zoning) tn Buyer's solA sub1ecI1ve d iscrel1on. or Seller's fa ilu re 10 dehvc r lo Buyer all Due Ddrgc ncc Doc uments Buyer shall also have the unila teral righ t to wa 1-.e any cond illo., here in 10 .7 .1. Due DIiigence Documents Objoctio n . Buyer shall have me R ight to Tcmmrntc under§ 25.1, on or ne lore Duo Oiligon co Documents Objection Deadline (§ 3 ), based on any unsatisfactory mattor with the L)u9 Oili.:1ence Documen ts. In Bu~•e r's sole sub1cctI vo dts::rotlon. I(. however , Ouc Diligence Do cumoril~ are no: ome ly dehvered under § 10 6, or 11 Scftcr falls to dc h\·er a ll Due D iligence Docu ments to Buyer , then Buyer sh;;ill hdvt: the R,yht lu Terr rnna tu ur1de r § 2J 1 on 01 befo re tne earli er of to;, dcl)'S after D uo Oiligonco Docu me nts ObJeclio n Doa d lfnc (§ 3) or Closmg 10 .7.2. Zoning. Buyer shD II have lhe R1gnt !O lemunate u nder§ l:>.1, on or oe loro Duo Oili~cnec Oocumonts Objection Doadllno (§ 3 ), ba sod 0 ·1 Jny u1 1sa ti s fi:l ctory zo111ng, 111 Buyer's sole sub,ectivc diSC'CIJon 10 8. Du e Oillgnncc -Envlro nmonla l , ADA . l:!••;er fihR II have th e nght to obtain emimnmental inspecI1ons o f the Properly 1nclud 1ng Phase I and 0 hasc II Enviro nmental Si te As sess r11ents . as applicable Dsc lhH ~uyur s hall order o, provide Im Phase I E,·vl ronmenta t S Iie Assessmont D Pha se II Env!ronmental Site Asse ssment (compliant wIlh ASTM E 1527-05 sland ard pract1c9s for Environmental Sile A ss essments) and/or D n/a , at U1 c ex pense ot □Seller □Buyer (Envi ro nmental lnspec1on ) •n addit1otl, Buyer may also condLcl on evaluallOn whethe r lho P1op0:rty comphes wIlh lho Amencnns wilh D;sab1 'i lies Act (A DA Evalu;111on). All such inspocrio ns and ovalualtons shall be condu ctud at such time s cts are mutuanv a91ce ablo 10 minimize th e 1nlerrJption o f eUcr·s ;"1nf1 ;'lny SP'ler'!-!Pn.'lnt~· buc.rna!-'-uc;ei. o f thn PrnnP.rly. if any If Buyer's Phase I Cm1r onrrcn1a1 Silo A!ol:;esswc:nt rooorn r11cnds u Pho30 11 E,w.,on 11en1nl S,to Assessment. the Environmental In s pection Ob/octiof1 Oeadllnc (§ 3) shall be 1.;,;tcndt:d b;i _days IE _.t en~ec Enwomnontal 1ns pee1Ion ObIec11cm Deaohno) a'ld ,t such Ei.tonder1 l:nwonmental 1~spoc11on ObJc:11nn ~Jcadh nc extends btlyond th e Closing Dato {§ 3). the Closlng Dato (§ 3) shall bo extended a ll ko pcnod cl Umo . Buye r shall h.ive the Rig hi lo Te1rnina 1c under § 25 1, on or bu loro Envlronmontal lr,,;pc1ctio n Objection Deadli ne(§~). nr 1f ;ippll C.lhlA lhP. Ext en:tP.d Environmental !nspec11oi\ Ob1ecbon Deadline, based on any unsat1 sfnctory res ult s of Envi,onmen lal Inspection, 1n Bu ye r's solo subieclive d iscreI101'\. B uyer shall have the R19h1 to Terminnte under§ 25 I , o n 0 1 bolero ADA Ev a1uallon Objection Oo3dlino (§ 3) ba!.od on any unsa1 1slactc.ry ADA Eva lual lon, in B1.1ye r's sole subjectioJe dlscret,on. 10 .9, Existing Lcasos ; Modlflcallon of EJ1lst1ng Lea ses : New Leases . Seller s:att!s ttmt ,,one of the Lea ses to be assignee 10 the B uyer at the time of Clos ing contrti n any rent concessions, re nt redue1 1ons or rem abaterrents excepl as d isc losed in tno Lease or othar wn1Ing recmvcd by Bu yer Setl er shall not amend, alter, modify ex tend or carccl any ol lhe Leases nor sh all Seller enter into any now leases a ffecting the Pro ;J orty without the pnor wntlen c.:onscnl o f Buye,. which consenl sh.ti! not bo ~nrcasonably withheld or delaye d 11. TENAN T ESTOPPEL STATEMENTS. 11 . 1, Tt1 n ant Estoppal St at ements Condi.ions . Buyer st111II have tho nght 10 review ar,d ob,ect 10 any Estoppal Statements . Seifer shall obtain and de liver 10 Bu yer on or before Tenant Es toppol Statomcnls Doa dlmc (§ 3). statemen1s :n n te rm ana substance reasona bly accepta tlle 10 9uyer, from each o:cupant or tenant ~I tns Pro peny (Es:oppel StaU::menl) att ached lo a copy of such occupant's or tenant's !cas e and an1 amcnJrne n1 s (Lease) stating 11 1 1 ThP r.nrnmena.mnnt dme of t'io Le.i~o ;md scheduled mrmInahon date o: the lease: 11 1.2. Tn at stud l ease Is 111 lult fo rce anU effect and Iha! lhoro havo been no su ~scqucnt mod 1hcauors or ame,idment2, Se 'ler; 11. 1.3. The amou1 I of any advdnce rentals paid, re nt concessions grven , and depos•ts paid lo 11.1.4. The amou1I of mon:hly {or other app li cable penod) rental paid 10 Se ll er: 11 , 1.5. rtmt 1110,c is no default 1.ndcr tho lc rms ol sa id lease by land lord or occupan1, and 11 .1.6 . That the Lea~.? lo which lhc Estoppc l t5 u\tachca is a true. corr ect and comple te coov of the lease ccmrs1 n9 the premrscs 11 describes 11 .2. Tonant Est o ppcl St~tcmcnts Objoctio n . Buyor sh311 have tho Right to Tonninalo u11dor § 25 1 on 0t tJe lo1 e Tenant Es toppel State m ents Objoctlon Dead line (§ 3). b ;ised on any unlat1sfa c10-y Estoppcl S:a1emcni, 1n Buyer's sole subjCCll~e d 1::.crn11on ur 1f Seltl!f fd ils to Uulrver tne fatoDpcl Statements on a beiure Tenant Es topp P.I Statemont&10e,1dllno (§ 3) Buyer shall also hnvc lhf: un,!a lcr;il right lo waive any unsat 1sfac1ory Estoppe l Stn1e:mc n1 CLOSIN G PROVISIONS CBSJ• 10 11 CON'I R.'\.{.T TO RUY ,\ND SE LL K EAL ESTATE· Cu 111111c1 cm l Pag\.· 1 u f 15 COSJ -10-11 12. CLOSING DOCUMENTS , IN S TRUCTIONS A ND CLOSING . 12.1. C l osing D ocuments a nd C losi ng ln fonnotion . Seller and Bu)'er shall coopera le with the Closing Company to enable !he C los ing Company to p,opare a nd deliver d ocuments required to r Ccos1 n g 10 Buyo r ;rnd Seller and !heir des19nees If Bu ~·e, rs obtaining a new loan to purchase the Property. Buyer ack n )wledges Butcr's lende r sh all be required to prc.,v1de !tie Clos ing Company u, a ti mely m.:inne r a:i tC QlWed loan d:,cumenI o;; nnd l 1n:mf".sa l tn l onna 1ion con ccrrn ng Emyer's OC\\ lo an Buyer and Se1.c}r will ru rrns l' m,y adr1 11tonal 1nfm rnill1on and d ocumen ts req u11 ed b y C losing Compar1y 1hat wilt be nece ssary lo co rnrlctc thts uansacIIor Buyc , ""~ Se ller ~h al l sig n and cor-iple l e :.111 cus to--nary or reasonably 1pq11irf"d r1 ocumw1Ic. ;u n · hefnrA C!n-.ina 12 .2 . Closing Instructi ons. Buyer and Seller agree !o eitecute the Colora do Real Esta te Comm ission's Clu,.111y lr1 s11uct1 0l'S Sui:.11 Ctosing Instructio ns 0Arc □Aro No t c xecutod wilh th 1Q Contro:1 Upon riu luJ1 exccuhon, DsolllH ~uycr shall deliv er such Closing lnsIrucho ns 10 l he Closing Company 12.J . C losing. UelI.,.ery 0 1 deed trom Selle r lo Buyer shall be ru closing (Closi ng} Closing ~/l ull l>t: uu lh~ drne speci fied a s the Closing Dato (§ 3) or by mu 1ual ag raemP nt al an earl ier date T he tvJur and place of Closing sha ll +:ic ,u des1gnatod by -'M-"-""'"~"-' .c,"'~'~•~cn,...1~c,_11'-c-----,-,,---,-- 12.4 D isclosure of Sett l ement Costs . Buyer and Sell er ackno Nledg e that cos ts. c:uality, and C).:e nt o f se ,v,ce .. ary be tween d1fforen1 settlemenl service provid ers {e !; . a !'·;rncys lenders. 1nspecIors and tcU e compc1nies) 1J TRANSFER OF TITLE. SuOJCCI lo !cndc, or pa ymonl ill Clus,ng as required hern1n i:ln d co mpl•;m ce by Buyer .,.,,th tho olher te 1ms and provIs10ns hcrco!, Seaer st",:?11 cv rculc and de~vor a good and su ff1c1on l SPECIAL WA,~RANTY dee 1 to Buy~• . ..it Clu:,11 1y , curWu)'lf"g Ille Propo,·)' free a11 d cle;-;r o f all tn>es e~cept lhe gonerJ I t.:ixe•; for l ho yoa r of :Iosmg . Excepi as prov ,do d h rc,n t1Ue shall be conveyed fr ee and cle ilr of all liens , m:ludmg any governmcnlal he ns lor special Im ::i rovem cll's inslalled as ol th e date o f Buyer's s1gac1 tun~ her9Qn, whether assessed 01 not TIiie ~ha ll l>e conveved sut,Icrl to 13.1. Thos e spec!~c Ex cep t101 s descri bed by rr fE-,~nee l o rocor,jed docunents ilS re fl ected tr the Ti lle Document s accepted by Buyer in accordance with R eco rd Title Matters (~ 8 1 ). t 3.2. D1slribut10n ut1 ht y easements (1ncl ud1 n[1 cab'e IV ). 13 .3. Those spec1 ri cc1ll y de-:;cntu•r! r1at11c. nl l hirrl p.1n 1A!; n nt s hnwn fly tno public recor ds of whlcl, Buyer has actual k.no wlcdgc ano which wcic: .1 cc c p1 od by Buye r In accordance" •,•mn 011-R ocord Tlllo Mall ers (~ 6 2) an d Cu 11 ent Su,-vuy Roviuw 1§ 9). 13.4 Inclusion of !he P1opert~ w 1ll ln any special tait1119 d 1s1r1c 1. and 13.S. Oth er""'"''"'------------------------- PAYMENT OF ENC UMBRA NCES. 1-.ny encum brance required to be ~atd sh all be paid at or bofc,re Clo61ng from tho procood s of th is tr3n-..:i c11on or l ro,n flny ol hN o.:n111C"P 15 CLOS U-l G COSTS, CLOSll,O FEE , ASSOC IA TI ON FEES AND T AXES. 15.1. Closl ng Costs . 0 11yer and Sell er shall pay . In Good Funds. 1he1r respective cIas1rg costs and au otner 11errs requIroo 10 bo oa 1d ill Clo smg, eAccp t d S o :nerwIse pro v1dc tJ 111:11.:111 15.2. ClosinJL Sorvicos Foe . The fee b r real estate closing services shall be pa ,d aI Closing by D Buyer U Selle r ~ One-H alf by Buyer und Ono-Half by Se ller D O lhor n/a _______ _ 15 3. Str,tus L eiter n n d Tra nsfer Fen. Ar,y fees 1nc1doo1 to :ho 1ssu.1nce 01 Ass::ic,at ,on's sl attimen t o f ;nscssm en t5 {Stotu::. Lene r) :.11311 bo p~ud b/ D o uyo rSullor O ono,H all by Buyer and O n i:i-H:1 lf by Se lle r □N ono A ny tra nsfer f~es assessea by l he Assoc,allon mcl udmg but ri o t hrm teC! 10. any 1eco rd chJngc l ee . 1eg<11dless 0 1 name o r 11ue o r such ree (Assocl.H1on s T,.m~ft:r Ft:e) ~11r1u I.Jt: p dtd by C Buyu, '81 Se lle r D Ono,Half by Buyer and One-H a lf by Seller □Non e 1 5.4 . L ocal Transfer Tax . D The Le ca l T ra nslc>r Tax ot .uo I >to o f l hc Pw cha se Price -.h=tll hf' r,.:1 td al \.Inc.mg hy D Buyor D Seller D One -H alf b y B uye r and One-H .i lf b y So l lor. □N on e 15 5. P rivate Tran s for Foe . Pr:vrlle tra n sfe r lee:: and olhor Ices duo 10 a transfer of the Property, pay:1b le at Ctot:in . s uch as co mm un ty assoc.al 011 lees . Jcvc ope• fr•t>~ Rnrl frn md .11 1011 Ines sha ll tic Pflld at Clos ing by □Bu yer ~Soller :Jone ,Half by Buyor and One-H a lf by Sellor D None 15.6 . Sales and Use Tax . '\ny salosand use tax that m a}' accruc bcc.1 uso :ii th,s Iransact on Sh:tll be paid wh en due t>y D Buyer ~ Se lle r D One-H;ilf by Buyor a nd Ono-H a lt b y Suitor D Nono 16 PRO RAT IOfl'S. The foll owing shall be p10,a1ed 10 Cl osing Date I § J). exccp: as o tllc1w1se p·ov 1dco 16 t . T axes. 0ersona l propeny laites . 11 any. spec ial :ait 1ng d 1s1t1ct c:ssos~monts. if an y, and gcn1:1a l ,eal estate I.IK O'-lnr !hr> y(ltr nf C:I0-.iny, b1SPcl on O Ta110s for th e Calendar Vea r Immedia tely Precedi n g Closing ~ Masi Recent Mill Levy and Most Recent A~sessed Valuation , aoi u ste j by an y aµp llcable 1,JUd l1 fy1ng :,~111 01~ µI open y Ia,,c e .... emptIon. or D Other cc":::'''--------------- 16 .2. Rents . Rent~ based on O Ren ts Actu.1 11y R eceived □Accrued Al Closing, 5~111?1 >ha ll CON TR ,\CT TO BUY AND SEL L RE Ai. FST.'\T L . Commemnl l\,gc ltJ of 1 S r•1r,..i,:(.'c,n1 1.1ll\ .:0111 C 20t2 (.'TM Snflw.11<· Corp transtcr or c red11 10 Buybr !he secumy C1eposus lor all Leases assignee. 01 rmy i t: r1c11 11d~r alter lawful d~!J uc11ons. and nohfy all tenants m wntin; o l such \fansfcr and ol l hc 1mnsfe rce s name an d addre!ls . Seller shall as sign 10 Buy er au Leases 1n ellcct ,u Closing and Buyer snail ass ume Seller's 00I,gauons under suct1 teases 16 .3. Asso cialion Assessmonts . Cu rrent regular Assoc ,,mon assessm ents tmd dues (Assoc.a11on Assess mo nl s) paid 111 ad .. 11ncc shn I be cre dited to Seller a t Closing Cc1sh rese rves held o ut of the rog ula r Ass oc1a11on Assessments lor oe terrod maIn tcna nce by 1110 As soc1a1 1or sh all no I :, cred11cd 10 Seller cx co pl as may be ot hcrv.1sc provided by the Gove•n1ng Documonls Buyer ack now!CdGCS !hat B uyer may be oo l ga tcd to pay the Association. al Closing . an amount lor reserves or wor~Ing cap1 1a1 Any !P_CC•ill assassment assessed pnor to C l oslng Dole(§ 3) by Ihe Associa:1on shall be lhe obll ga11 on of D suyor ~cllcr . Except h wovcr, any spccrn1 ossessmenl by Hm A!'-sociat1nn lot 1,n;Hov~mr>nt,; l h;11 have been ms!atlod as a l I M c1.it o o f Buyer's signa ture hcre:in, whether assessed pncr lo or aftPr Closing , shall be lhc obhgahori ol SoUo· Seller rcprcscnls tht1t tho An:mcm lion l\::;:;c:;omont::; aro currc nlly p:a ya blo a l S _!]ff!_ per ----f!!i!__ ::ind Iha! \here are no unpa id Jl.'gul a r o r s11cc1al assessm ents ag;u ns l the Propeny except th e c urren t rcguln r ,1sscss m cnts and nl a Su ell assossme nt s arc subJc CI 10 change '" orovidod in tho Govormng Ooc\1mcn~ Soller ng roo:; to prornptly reQucst !h e Assoc1at1on lo dot vc r to Buyer bcfm e Closing Dato (§3 ) o current S:a tus letter 16 .4. Oth o , Prordlio ns. w ,1Ier and se wer ch arges . m1t,rc:;t on co nt inwng loan, and ,r/a , 1G .5. Final So ttlomont. Unless otherwi se ag reed In wnllng , thcsu prora 1I011s srm11 bo l tn3 I. 17. POSSE SSION . Possession of !h e Propeny shall llC doltvered to Buyer on Possession Oat o (§ 3) al Possersslon T ime (~ :n subJCc t to 111c tonowmg Leases or 1emmcIcs nl a II Se ller, al1 cr Closin g , ta il s to deliver possession ns spec1f1ed , So !e r shall bo subioct to ov Icl Ion .and shall be :ir1 rt1tinrmlly hnb lP In Buym for paymcnl of S JOO per day (or any pan of r1 day norw1:hstaml 1nu § 18 1) fro m Posse,slon Date and Possession Time (§ 3) unlll possossIo n rs dchvorod GENERAL PROVI SIONS 18, DAY ; COMPUTATION OF PERIOD OF DAYS, DEADLINE. 16 .1. Day. As use d 111 Ih 1s Conlruct. the te,m 'day" shall mo;m lhc on1 1re CIL1y ondt"!l 01 11 ~Y pm , united Sta19s Mountam Time (Standard or Oayt1gn1 Savings as applcable). 18.2 . Computation of Period o f Days, Deadline. In compu1ing a period of days, when the ending date Is not soec1ricd, the rt rst day is excluded and the last oay Is mc luaod , cg . lhroe days afte r ME:.C H any deadline fa lls on a Saturd ay , Sunday o· loderal or Colorado siaie holiday (Holid ay), suc h deadlin e 181 Shall U Shall Not (le ex tended lo the nex t day t1at Is not a Sal 1Jrday, Surdav or H ohday Shou ld nei th e r box be checked, the rleadllnc shall not bo CXIOr'\ded 1;;, CAUSES OF LOSS INSURANCE ; CONDITION OF , DAMAGE TO PROP ERTY AND IN CLUS IONS AND WALK -THROUGH . Except as ol herwIse prO\ided in this Conlra CI the :lropeny. lndt1!-0llS or both sMII hP deh\'tJICd m the cord11Io n CKIstIng as ol 1ho da te of 1rus Contract. ordinary wear and tear excepted 1!l . 1. Cou::Jc:; of Lo::, ln!tu r.1n co. In the event the Pr opert y or lnclJs10 1lS mo damJgcd by fire . o ther perils or ca usP.s o f k>ss pno r t) C losing n an amount ol r101 more lhan ten pe rcert of the total P u,chase Pncc (Property Damage), Seller shall be obllgotcd :o r epo1 r tho 5amo bo lero Closing D.i t o (§ 3) In the ovont such darragc ,s '"lo t repaired w1 th1n sa id ti me or 11 tho damage exce eds sucn sum, Ih1s Contrn cl may be term in alod a! l fle option 01 Buyc,. Bu yc, ~h,1l1 llavtl th~ Right to Tcrm1n.11c under§ 25 1. on or before Clos Ing Onte {§ 3). ba:ieel on any P1opcr1y Damage not rcpa ucd before Cl osing Date(§ 3) Should Buyer elect to carry out l h1s Contracl Oesp1 1e sucn Property Da mage , Buyer shall be en:11100 10 a c1edn al Closing for ;;U m~urnncu µ,ocet!dS thc1I we1e f'Qce ivcd lY ScUo r (but nol the Assocmllon, if any) ,csuihng from such damage to !he Property and Inclusions, Dus the ;m1 01J 1I o! any aeduchblc provided l.:>I ,n such in surance p0I 1cy Such crnd1I ~'la ll not o•:eeci tne Purehase Price I:, lhc even! Se ll er has nol rcCCI\/Cd such insurance proceeds pnor to Closing, l hc p.a ItIes may agree lo Cll tcnd the Closing Dale (§ 3) or, a1 tno op11on of Buyer, Seller shalt assign suer proceed s at C!os1 ng. plus c redit Du yer lhe arnow,t of any rlc ducl 1b lt! pro111urJ 101 In such Insum11co pohcy , bul no l to oxcccc.: tnc to tal Purc~ase Prico 19.2. OamaRe, Inclusions and Servlco b. Should any Incl usion or servtett (1 ncludng util il 1es and communi:-..:i t1 on scr.,ices), sys:oms and cornponenl, .,f the Proper1y. e g, heating 01 plumbinu . ta il or be damaged belwoen ·he d .. '.c of ttus Conlruct and aos.ng or pc ·~• ssion whichever shall be aar1tor th en Seller shalt be !tab le for tne reJa1r or replacement ol su ch I nclus ion, SCIVI Cf' ~ystem, compcncnl 01 fix·u re of tho Property with a u nit of sImI .i r s 1;c, atJe and quallly , or an equ111.:1leni c:rr.0I1 bu nnl~ tn tt:r. mclenl lhal the maintenance or re pla cc,1ent of such lndus,on, ser.,1cc , system, component or fixlure ,snot l ho responsibility of Ihc Assoc,a!1on 11 any. less any Ini:;urnncc procoeds rece1veo Dy Auyer oovormg such H!Jair <tr rcptaccmcnl Se ller and Buyor ;irA f!W;trA n f !he exIs:e1•~ of p10-owncd home wa rranty prog ra ms that may b~ purchased and may cover the 1cpaIr or 1cplacemen1 c l :-. en lnd u st0ns CBSJ ·I0-11 CONTk All TO BU Y AND SEiL KEAL ESTATE · Con111:m ·1:i1 Pagr 11 or 15 .,. ,, Co 4 1: 19 .3, Co nd om nation. In !ne event Se ller rece.ves act ual no11ce on,r lo Closmg 11a1 a po nding l:.J lllk:11 11 1d\lUII UCIIUfl 'llil Y l!d!>U II Ill ,1 lc1lo.11 1z1 u f a11 0 1 Pdll o f Ill!,,:! P1uµc 1 Y UI h l(.lu:,1u11 ... Selle, ::,lldlt µrn rnµlly rl Oh ly Bu yer. en wnl m;. al s uch cond emnahon .ic11on Buyer shall h r1vc l he R1g nt 10 Te rmm.'.l l e under § :t5 l . on o r befor t Cl os ing Dal o 19 3). based on such con demn1ho n ac1 1on 1n Buvcr s so le sub ec1 1ve :hscrel on Should Buyer elcc l 10 consummate th,s Contract dos p11~ such d1rn inu t1on of valu e to the Prorcrt y an a Inclusions Bl1)'ur sha :t be e111'nd lo n crcd11 at Clos ing tor ull co ndomnau on pror.ee:ds :.tw arda d to Se llar for th e d 1rn1 n uho n m lhe vnl uo of tne r ropcr1-,, or Incl u sions tJu! such cn::d,l :,hnll not include ro lo ct1 l 1on bcnuli !:s, nr c11pc:n :i ·::., or c,.cccd 1hr. riurcnD5e Price 19 4 Walk-Through nnd Ve rification of Condition. B uye·, upon reasona bl notice . shall h;r,e lhe rqhl to walk tt ,rou gh t,e Propen y prio r lo Closing l o verity Illa! ihe p h\sical cond 1hon o f 1ne Propert)'' and l nclu:,1o ns comp lies \\1tt1 11l ·s Contract 20 . RECOMMENDAT ION OF LE OAL ANO TAX COUNSE L Oy srgmng lh1s docume nl , B u ye r n nd Seller a :knowbdy e Ihm tha res pec\tvc br ckl!r h.Js adv1scc1 Iha! ltm , duc u mo nt ht1s 1mpo11nn1 legal con scquo nces ;u 1d ha s rccormn en :lea i ne exam n.11 1o n ol lrlle ane1 consultal1on w it h lega l and ta) or otner coun sel t>cloie 519111119 tr1 1c. Co ntrac1 21 . TIME OF ESSE NC E, OEFAUL T ANO REMED IES. Tune 15 o l !h r cssenc he reof II any M i c or check rece ,vcd as b 111 1e st ~Joney her eu nder or ;iny other onymcnt due ncrct..nder ,s 1101 paid. 11011:>11.?d o r tcnde1ed whon d11e, u1 , <.tny 0Jl 1y auan r1crc 11mtc r 1:, 1101 pcifum ~i.J u• w<1,vc!J u:. llt::11;:111 pru vuJ~I. l hcr c ~11,;_.ih tic lilt:: rut1uwu1y rcmod10:; 2 1.1 . If Buyer Is in Default: D 2 1.1.1. SpocHl c Performanc e . Soller m ~y olocl 10 !t eat this Con11a c1 a s c anccloa, in w hich c:ase all E;uncsl Mo ney (w hether or not prncl by Buye r) s'l;,I! be po1cl to S£>\ler and relmncd b y S eller. ana Soller rr,'ly rcr:ovcr 5LIC'.h rt a n .:i gc!i ,1 5 mn y b prope r, or Geller m et )' el~cl to l rea! lh1s Con1m ct ,"ls being ,n full for ct: an1 e•fect ,wd Seller shall have thu 119111 10 spoc1 r1c pcdormance or d;irnonos. m bo l h 2 1. 1.2. Liquidated O;images. Applica ble. Thi s § 2 1.1.2 shal l apply unless t he box In 21 .1.1. ~. Al Earnest Money (who !hcr o· no1 pa,d oy Duyer) shall ba paid 10 Seller, ;md •e1ainc d by Sell er Bot n pJrt1cs shal l tllere uflm tie ,ott:.iscd fr orn all obhga11on s hereundo, It 1s ;1grned Thal ir e Ea rnesl M ency specified 1ri § I\ 1 1s l1 OUIDA I ED DAM AGES, 3n d not a penally. which a mount the pa nies agreb Is l air and reasonable and (excepl as. pro -.id ed In §§ 1() a, 2 . 23 and 24 ). said payment ol l:.a rn osl Mo,1 ey sh all be SELLER 'S SO L:: ANO ONLY REMEDY for Buyer's failure to perform the obhgnli ons of this C,;,11 tract Seller ox p1ussty w a ves th o rem ed ies o l spec1 f1c performance ard ac!d1 l!ona l damages 21.2. If Soller is i n Defa ult: Buyer ma y elecl 10 trea1 l h1s Conuac1 as canceled, m w h ich ca se all E;i rnP.<;1 MonPy rP.c:P1vPO hp,,:.11ncJ P.1 sh;11 1 bP rP.turned a nd Bu yc1 m ay recover such dt1rn r1ges a s may be proper or Bu yer may etec! to treat l h 1s Con lract as bemg 1n full force a nd e ff ect a nd Buver sh all tiave \tic n ghl to spec 1l1c pe rformance ar darnages. 0 1 boll, 22 . LEGAL FEES COST ANO EX PENSES. Anyt hing to the contrar)' herein n01 w 1lhs1an d1ng '"the event of :mv a rt>1 1ra hon or h!lqat1o n re~111nq l o 1h15 Contracl , prior lo o r after Clo sing Date (~ 3) ttic a rb1tr a10 · or cour1 sh all aw,1 rd l e l he p rev all mg pa ny au rea~on11b te costs and expen se s. 1nclud 1ng attorney f3es. legal feos and expenses 23 . MEDIATION . If a d1~pu 1c aris es relating to this Contrc:i ct, prio r lo or af1c r Clo:;1ng , nnd 1:; not rc-Jo!ved , !he part ies sM11 first procee d in good tai 1n 10 suo m,1 the mailer 10 r1 ed 1a tion Med1 cH1 on •s a process in wh ich the p c1 rt 1os m!JCI w11tl .in 1mpart,a\ 1101s011 w ho helps lo resot \e the dispute informa ll y dnd confi oenttaUy Me<1 1ators ca nnot rmposc bi nd ing det.:1s1ons Tne partre s m l he cltS pulC m usl .:1g r t:, m wriung. befort: any sel\le m eni 1!, b1nc1!ng 1 he parties will ,mntly appo nt .,n accep:able medi~Uor and w 1l share oquall ) rn the cos I o'. such rred1at 1on T he> med1a1 ,o n, unless otherwise agreed , sh all \ rminate 1n th e ev nl me c nt re d1S jl 11 lc ,s nol r-:.•solvoCI w11n,n l h n y da)s o t th e d ate u n!lcn 11011cc rL'ques·mg r11 ~d1a 1ror 1s deltvercct Uy one pany 10 tile otner at ·11e party's !asl known a ddress lh1s section st-,aU not alter a ~~ d al e m th is Contract . un less othoiw,sl' agree:! 24. EJ-..RNEST MONEY DISPU TE. r xrepl as ol hur\'.isc p, -;v,ctc d hc 1em . E<u no::.t Mo noy rlold:H shall re lease tile r:1rrw-c:.1 , 1oncy as d1rr.ctM hy wri llcn rn uf1ml msl ru ct mm. si gned by both Buyc1 .i nd S eller In tile event of any conlroversy r( ~;;u d1n g 1he Ean1est Money (notwit hs tanding any 1e r:nIna1Ion of this Cont rac t). Earnest lv\o ney Holder S.hd l l flJ: be 1cQ w ed 10 take any ac:10 11 E.irncst Money Hold er. at 11s opti on ,mcl sole sub1ect1v e 01scre11on. rnay ( 1) :.w.i all any µrui..ccdmg, (2) lnter pl ead all panies a,d de po!>I\ E .111 ,csl Money r111u ~• c..;•Jur l ur t..umµel t::nl jlll'isd1cl1on and shal! recover co urt cost:. and reasonable allo rncy and ~gal fees , or 13) orov1 de n o11ce to Buyer and Seller Iha! u nless Earnest Money Holde r rec..a wes a copy o f lhe Su m mons and Com;ita 1n l or Cla in, (befwec n Bu l er and Seller) con:a1n ng the case nu mber of tne law sw l (l~w suil) w nhin one hund red l wenty days al Earnesl Money H:i lde ,·s not,cc to the :>a rt1 es, Earne;t Morii:?y Hold r shall be autho r1 zcd to return the Earncs1 M oney to Buye, n the c v~n1 Earnest M oney I loklcr do e!i rece ve a c:o py o f tlie Lawsu,1. and has nol rn!erpfcd the m o,1cs at th ! l ime of any O,der. EiJ rnest Money Holder shall oisburs c th e E 3rncst Money pu rsu ant 10 tre Order of the Court . -1 he oaniec;, rc alfirm l he obl10 a11on ol M e dia lion (& 23 ) The o ·ov1s1ons of 1h1s 6 24 aoo!v onlv 11 t·1e Earnest Monev <:BS J '.V-lt \ONTHA t.i r 'JHU\' ~.N l)S[I.I IU:J,L ESr<\TE · (\m1111c11,.1.1I IUL!J IUt); I (.11 ~ Molde r 1s one o r 1!"1' , •1 :,k.~raJe Fums named rn § 33 or § J4 I E HMINATION . IUlJ•: 2~. 101),J 25 .i R i g h t to Ter m in ill&. If a party h as a oght to tormin;.11c , as provid ed 111 !his Con1ract (R rgh1 10 l cm11na1 c ). Ol e torm 1na11on s/1iJ II t::c offlit:lrvi.: upun IIIM u!lt1..11 1,dr \y':, rt:Le1µ1 uf d w11!1w1 11ut1Lt: tu IOrlllrnctte (Nul u: 10 Tarm1n a10). provtded suer wntten nouce was 1ccc 1ved o n or bcl crc the appl cable cl eadhnc spuc1hud in 1t11s Contract II Ille Nohce :o Termina te ts ,,ut 11::!w•v~tl on o r bi::loi d lilt: ~µeol eel ,.h::iltl!mc , Un, µd lly with the Rryht lu l erm1na1e sha ll t,avc accepted the spt•c1fiod :naner. documon1 or rond1t,on as satisfactory .:i nd waived the R ighi 10 Tcrmma!c unde, such provision 25.2 E flcct of Torn1 i n at1o n . In tho event lhts Con1 rac1 1s tenninated . all E arnes1 M oney recewed 11e rou nc1e1 srian be rCI L1ned antl tho µa,1 11:!~ ~l 1d!I lie 1t:!1 1evi.!d uf ,111 ul1'1y,nw1~ hcru unUi:1 . ~ul,,1~LI lu §§ 10 4, 2? 23 and 2·1 J(lU ( e,,·, ,,u ir. l lJ(I" \OIO I v! I t C'112 10\ I l tll•: llll ' 11 11 n I~• 1 1 l(Jlb 1r,1 .. 26 . ENTIRE AG R EEMENT, Is OOIFI C ATION, SURVIVAL I t11s Contrac t. its m;h iblls and spcc1 f1c d ~•ddond ,1 , 10/i l l{f'• J l 1,''_I I U:' l 10.' • 11~,, 10:t w2· cons11:u1c Ilic en1l re agreement betwee n tr 1t:! :1c1r hcs rc lo11r1y lu tilt-' ,u 01ect lu:rt:uf, iJrnJ m 1y p11 ur u y1 cc1 rn:rm, penam,ng theiotc. v.hether crnl or wnnen, hm•e been merged and n tegra!ed into this Contract Nn sub sequent modlfi::n11or ol ;my u f 1·1e w 11 n!i u l !1 11~ Cu11t1t1LI ~hdl! I.Jc Vd1UJ t111 1J11y ui;on th ~ parties. 0 1 enfo1 coa ble unlcs~ rnado in w1111 ng and signed by th o pi'H1 1as Any ob 1ga tion in lhi!i Contfc\CI th at by 11s tcrrn s, 1s inte n ded to be ~crfo11m:tl d lt.:1 lt.:UI IUhJIIU/1 UI CIO!i lll!;I ~ldll ~urv 1vt: Ille :,-01110 10~ 27 . NOTICE , DELIVER Y, ANO C HOIC E O F LAW. ,1;· !1l"':" l !l • 10 ,I I ll" I OJ, I OI/ 27 .1. P h ysic .JI Del ivery . A,11 notices must bo 1n wr11 1ng, oxcep! as pro111d cd 1n § ?7 2 A,ny clocttrrent , 11 1LluJ 111v d sl1;w ~d l lOLu111t:n l 0 1 nct1cc. Iron, or o n bch.111 of !jcllcr . und delivered to Dt 1yor 5hall b e uHcct1ve when physicall y reco1vc--d by 3uycr, ;my sig natory on behatr of Buyer, ;:my n ame d in dividual of Buyer, a ny reprcscntr1I vc L'f Ouyur, 01 81 u li.t:1c19c Firm ol B roker workrng w ith Ouyor (ok COp t fi,1 del vcry, i1ltc1 C losmg, ol l h o no1 1cc requesting med 1r1t 1on descnbed in § 23) nnd except n s prov1ned m § "J7 i Any docum cr.l , 111cludmg u signed t.:uLu111cnl UI 11ol1c1~. f1om or ,Jn t..ohalf 0 1 Ouye,, an:I dch11c,nd lo Seller sti,111 be effec11ve w hen physically re ceived t}y Selim , any signatory on beha lf of Seller. a 1y n.:imed 1nd1vl<lu al o f Seller , any roprosontahve ot Sell er, or Bruh11 1Jgo F nm cf B rot e1 wor\..1ng with Seller (except tor de11vttry , Hiter Oos,ng, ol tnc no:,cc 1t:q 1.1e:.1:1ng mcd1<1t 1on cescrtJCCI in § 23} and except as p rov1d~d in§ 2 7 2 27 .2. E l ech o n ic Oellvory . As on ollcrnn11 1e to physic al d elwcry any document, 111dua1ng cny signed coc.umcnl o r wn11e r1 nc11ce ma y be delivered in eleclron c form onl) by the fo1low1ng 1nd 1ca1cd rneth ods D F ocsl111il a O E·1 m1 il D Intern~! ~ N o E l oct1 on l c Delivery If the bo.-. "N o C lectroni c Oehvery' ,s chockod. th s § 21 2 Shel li nc l oe applt cat>le ana § 27 .1 shall govern notice and delivery Oocurncms with :mgm~I s19nat..u es 5hall re pro11dc d upan rcquc5 1 at any party 27 .3. C h o ic e of L aw. Th1s Contract and all d isputes ;msing horeunce, shal l be governed Dy and ,::o n s11 u ed ,n a ccordan::e with tne law5 ::,f the Gta te of C:>loroao thf;I woLld be nophcable 10 Colorado rc:.1dcnt:; who ::.,gn n contract 1n Color ado fo· oropeny locmed 1n Colora ao 28 NOTI C E OF ACCEPTAN CE.C OUNTERPARTS. Thi ~ p roposal shall expne unless accepted 1n w1t1ng Dy Buye r ilnCI Seller, es ev idenced D)' their 31gnu11.11 es below. ond lhc offc rmg pany rocc 1vo:; nooco of :,Jch iJccep:ance p ursuant to§ "l7 on o r befo•e A cceptance Deadline Dato (§ 3) and A ccepl.incc Ooad l i n c Ti m e (§ 3 ) If accoptod. th is docu m ent 3h all boc., . 1e u contmct jctw con Soller and Buyor A copy o f !hi~ d ccumcnt m.:y be executed by each ~any. ,;epa ratcly. ond when e;ich pany hns execu'CCI a cop y thereof. such copies taken 109ethe1 s1u 1II oe deem ed to bo a full ond complc lo con 'r.J cl bc twcon the pon10:. 2!), COOO FAIT H . Buyer ond S0Uc1 :ic,nowlcdgo lhn l each p,'.H1)-ho:::; :m obh g.ihon to :>ct m good lai!h, including cu t n ot l 1m 1l9d l o exeros•ng ·he ngh1s and otllgc.1t1ons SC I l or l h in l hc p rov1s 1o r s ol Fi n ancing C o n C!ltlon s antl O b l 1ga1ion 5 (~ 5), Record Tillo ond O ff .R ocord Titlo M .ittcrn (§ 8), Cu rrent Survey R cviow (§!))and Pro p e rt y Di sclosu re , l n s pc c lio n , l ndomnity, lns uro bllity and Du e Olllgenco (§ 10) I A DDITIO NAL PROVISIONS AND ATTACHMENTS I 30 . ADDITI ONAL PROVISION S. C he tollowlng adi.!·11ona1 prov,s1 on s. have no l been appl0 \00 b) lhC' ColornUo He.ii !::.st.:i te Comm 1ss1o n .) A Tfl l5 :!-a CASH OFFER With 110 Loan Cortel 1t1o ns . 10111 8 . Property sh all be purcha sed "A S I S WH ERE IS". All warra nties, expressed or implied, including : ~;i fitne ss tor purpo se o f use are hareby waived b y buyer C Y,1 1 City of En g1ewo:id sh all Imp o se a deed r es rrlc rion C'll the property tha t wlll r c r,w r e th e buyc · to m ,1int~m th e t,is t orical s 1r11 ct11r e for a min im um o f 10 yoars from the date o f purchase COSJ. 10-1 1 C 1-1Tlt.,.Cr ro BUV A "0 SCLL RF.AL ESTATE Co mr rc rc ml j')' J '" 11!.l I 1,Jt 0 Th e Buyer s h alf r eti ab il1t are the l11s toric ele mcms of th e s tructure ac cording t o t he Secrewry o f t1I 0 lri t eoofs Sr;mdards for Rehab1 /1ta l1 011. E Tll o 811y ar will providg tl1 e City of Eriglowood with th<' Rlgltt of Firs t Ro fu sal. i n tho ovenr th e B 11yer subsequently seJ/s th e property witf1in 5 yc ,1rs from th e da t e o f p urc h ils c . F. Th e Clly s h.ill not fmws h Title l osur,111c e. t111yc r shall b e r cs,-,n n stble for the c o s t and purcI Ia sc of J Spocia/ Warran ty Deed as agreed up on in Paragraph #1 3 above . Buyer m ay elec t to receive a Owt Cl,w11 0 fl Prl in l1 e11 o f a Sp p:,al W,1rr;imy Qp pd n n ,,..._._ th,111 I D d ,,y r; beforp close (com rr11mic a t cd III w r iting to the Ci ty) ,,nd th e Mayo, sh.ill re cord tlt e deed upon confirming th a t the Ci ty /la s rec c,ved fo ll f1111d s lor tlic purchase. G. Buyer s f1 ,1 II cxccu rc an y o tlter documents t1ccc.,;s 11ry 10 cons ummal e th e s ,1 /0 ~1 s p r ovirl c<l l1 croi11 ;,ftc, anrl upo n co11 s u ltatio11 of Buyer"s lc[lill ccnrns ul 31, ATTACH MENTS . Tho fo ll owing .ire a pm! of th is Con lract '1 Notu : Tl ~ lu11uwi r1y Ui ~Llu~uru !tum~ aro a ltoclluu L,ut cl lt: 11 0 1 a µ,H1 uf !111~ Cu11 trr1t.l o ld ,, ,, ' Buyo, FREDERICK LEE M4ES Addl'ess Phone [lec\r omc Ad dress m-V t--1Af5 Bu yer BEV MllES Address Phone Electronic Address SIG NATURE S __ u a 1e 31 19/2012 Fax · Dato 311912012 Fax [NO TE : If this offer ls being c;ou ntored or rejected , do not sign th is d ocu m onl. R ofcr to ~ 31 ) Da te · Selle , CITY nf ENGLEWOOD, COLORADO By · R. ·VDY PENN Add,ess Phone Fax El ec tron ,c Address 32 . COUN TER ; REJE CT ION. This oflc· Is D Co unte red D Rej ec te d Initia l s only of party {Buyer or So ll er) who cou ntered or reject od offer Cl TY OF EN GLEWOOD, COLORADO By RANDY PENN 33. BROKER'S ACKNOWL EDGME NTS A ND COMPENSATION DI SC LOSUR E . CRSJ-10 1 CUNTRA1·r TO Ul n /\ 'I D ~r! L Kf-,q I ST ATE -Commc-rc1 .1! ( To be compl c icd by Bro ~e1 wo1 k1n g w1tn Buyer) Broker ~ Doe s O Ooos Not acknow lcrl ge reco µ1 of Earn est Monoy depos it and. wn1le not a part y 10 lhe Cu11t1d L.I, ay ~ub tu cooperate upo n req uest wrt h ony rnc d101ron co nclud ed under § 23 Br oke, ag ree::. th n1 1f Brokerag e F11-m 1s lhe Earnes t Money Hold er and, ex cept as provi ded ,n § 2a , if the Ea rnes t M oney has nol alr ea d y been rclurn od lollow 1ng rc co1p1 01 a Not1r.c to Tc·m1na1e o, 011,or wrnen noll co or termination . Earneb l Money Holder sh.Ill relea se 1ne Ea rnest Money as dirocicd by the wrillcn mu1t rn l 1nstruc110ns Such rc lcas.c ol Ea·nest Money s'\a l1 t e mad e V1 it11m hve days of Earnest Money Hold er's rncc 1p1 of the e-c cut ed w n11e n rnu1Jal 1nstr uct1ons. provi ded the E;1 m es1 Monr.y r.h r.ci< has deared 8ro~er agree s thal 11 Earnesl Money Holder 1s othe r tna n \tie Bro ke rage Firm 1denh filld 1n § 33 or § 311 , Closmg lnst1ucl 1ons sigr ed by Buyer. Seller, nnd Emncst Maney lold or nius1 be ob l aincd on or be fore dcl1vor y of Eornc ~t Mon~• to E.:irnoc t Monoy I loldor Brok er 1s wo,kmg wit h Buyer a s a ~ Bu yer's Age nt O So l l cr's Agonl D lrnnsa c lio n -Br o k or in 1n1s 1m,s ,1c11o n Cl TI 11s 1s a C h;m go o f Status . 8 1oke rage Fir m 's compcnHth0ll o r corn 1TU ss 10, 15 lo be p;rn1 b \' D L b l l n g Brok cr~gc Firm ~ B u yor C O ther 11 /a Rro kPrnlJP. Finn 'c. N::tmP. Hom e Real Es tate ~ ;(~------______________________ Daio 3/19/20 12 o,okc 1 s N ame . Be v M..1 c s Ad.J rcss. 13111 E B r i.1r wo od Ave. Cc n rcn nial, C O 80 11 2 Ph 303 -8 58-8 100 Fax 303-858-8 1 10 Enia11 · b evm.,c s(Q!ymaJJ .com 34 BROKER'S ACKNOWLE D GM ENTS ANO COMPE NSATIO N DI SCLOSURE. (To be completea oy Broker wo·k1 ng w1tl 1 Seller} Bml<P.r D 0 o os D Doc s Not acknow ledge rece10 1 of Eamost Mone v deDQsit spec111ed in§ 4.1 and , wh ile no t a pa1y to the Con1·ac1, agrees to coo pe rate upon rccuest w ith any rn od .:ltl or concl uded unoc, § 23. Brol<e r agrees that ,t Sro kc·~go Firm ,s lhe Ea·nost Monoy H:>ldor and , oxcept as provided ,n § 24. ,f lht> F:unP~t Monp y hai:; no1 alrn ad y been rc:lu rnod lollo w1ng receipt of a Nohce to ermina1e or olher wri tten notice of tcrm1it1t 1on , Earnest Money Hold9f Sh<.t ll l ,dt:H 'Stl lilt: Edlllt:::.l MUlllJ'r' a::. dll t:cicd by the w nUen mutua l in~rr u cliOM Sue~ r(l lC0 3C of Eames! Money shall be made wilh1 n five days of Earne st Money Hold ot's re ce ipt of the e xe cute d wnucr mutual 1nstr uc1 ons , pro~uJ cd the arncs 1 M oney che ek ha s ci e,u ed Broker agrees 1na· 11 l:::;:irnest Mo,ey Holao , 1s 01he1 than th e Broke rn ;i e Firm 1ae n11hed 1r § 32 or § 33, Closmg 1r struc11ons sig ned by Su ;•cr, Sell er , and Earnest Money Ho lde r mus1 be obta1nec on or befor e delive ry of Eames! Mon ey to Eames! Mon ey Hotdor Broker 1s wcr k1 ng wit t lhc Seller as a D Seller 's /\gen! D Buyer 's Age nt D Transa cti o n ,B rok c r in tt us 1ransac11on D I t11s 1s a Ch.t 11 go of Sta l us Broke,;:i ge Firms corr oe nsatton or co mrn ss ,on 1s to be pa id by D Sollo r LJ B uye r D Othe r 11 /a Brokerage Fir m':; N:imc fl l a Broker ______________ D ate· ____ _ Address 11 /a 11 /a, ri .'a n /;, Ph: n /a Fax : n/a Email CDSJ ·l O•ll . CONTRACT TO BU Y ANO SE LL R EA L EST ATE (COMMER CI A L ) ti " 1::C,•1tr<0(L, .f.:·20 1 1 r ;,-, Scl t N~f~ Cup CHSJ•I U, 11 l 'UNl ll"\C I I U u u , AN LJ StLL Kl:.Al t H ATE Cummc rrial I ,1 111 a CPI\ an cl p ·n to rehabi l i tate thi s bu il d i ng :i nd use i t fur o ffi ce s. ., '' I " ,, ,., ',\. !I bO LI Sl Home Real Es tate Bev M-,es Pl,: 303-858-8 100 Fa, 303·858·8. 10 h i!! prin1ed portions ol 1n 1s form, e•cept d1Hc1,enc1-,iet1 t1dt11t,ons, nnvl' Dee n -,pp rov ed by the Colnrndo Aul E'ilill e 01T!.!!!.!.1.S~LC_D21_·10_.:_1.l)(Mo1ndaw 1•11 ___ _ T HI ~ FORM H AS IMPORTANT LEGAL CONSEQUENCES A.NO nte PARTIES SHOULD CONSULT L EGAL ANO TAX OR OTHER COUNSEL BEFORE SIGNING . CONTRACT TO BUY ANO SELL REAL EST ATE (COMMERCIAL) 10 Property wl1h No Rosldonces) (0 Property wit h Rcsidoncos -Re sidontla l Addondum Atlachod) AGREEMENT Dale 3/1912012 1. ACREE MENT Ouyer ,1den!iltcd 1n § :2 1. og rocs lo buy, and Soller. ,donhfi cd in§ 2 .3 og rcc~ to ~el l , the Pro perty desc rib ed be low on the rcrms tlnd cond1 l1ons se l for1 tl 1n th is con1,ac1 (Con 1·act) PARTIE S AND PROPERTY . 2.1 Buyer. Buyer JEFFERY BARKER and SHARL ENE BARKER . w il take t11!e to tt"e Property aoscritl•"d bo!ow as 0 Joint Ton.in 1s O Tonan\s In Common D ou,o, 11 /a 2.2. Assignabilily and lnurcm c rH . f h1s Conlracl Shitll Sha ll Not be ass1gnc1b te by Buyer w llhoul Sellti r'o:: J"(•Or wn11pn r.onc;en1 Ekr,.e rl ;is sn restnrtP.d 1h 1s Con1rac 1 shall rnu ro tn l hA h=m r.fi' o f ;ind b"' binding upo n the h8I1s, pe,sona rcpre 5en1a1I11es, successors and assigns o f the part,es 2 .3, Seiter. £.ellcr. CITY OF ENG LEWOOD, a COLORADO Municiµ:rl C orµor;1tion . 1!; 1-,c curre nt o wner of the Properiy de sc:nbed beloo 2.4. Proporty. The P,opony 1s tne following re gall y :1cscrlbed eco l estate ,n the Co unty of A cJ a/lac . Colora do . LOTS 1B AND 19 : THE VACATED PORTION OF THE EAST-WEST ALLEY DESCRIBED IN ORO . #29 SERIES OF 19 96 OF TliE CITY OF EIIGLEWOOD: LO TS 20 THROUGH 14 . EXCEPT THE TRAINGULAR-SHAPED PARCE L CONVEYED TO THE C01.0RADO DEPARTMENT OF TRANSPORTATION, RECORDED IN BOOK 7691 PAGE 210 OF ARAPAHOE OUN TY RECORDS THE ABOVE DESCRIBED PARCEL CONTAINS 21 ,338 SQUARE FEET. OR 0.490 A CRES . MORE OR LESS. known os No 309B S GALAPAGO ENGLEWOOD CO 8 0 11 0. to9uthor wi th the inte rests, easl!m c nts. nghl$, benefi ts. mnro•10rnont s nnd atl ached fi xturos appunenant !hereto , and all in tere st ol Seller In vacalcd streets um! a lleys adJ ace:it lhureto. oxcept as herei n excluded (?ropeny) 2.5. Inclu s ions. r ho Purct-ase Price 1nc lud&s tho b 11owing Ite ms {I-:lus1o ns ) 2.5.1. Fi•turcs . If a uached 10 l hP P1 operty on lho dato of this Contra ct lighhng hca1 ing, plumo1ng. vtmt 1a 111,y d ll\.J di" :..:un J1 1u11111y r,xturc:,, u1:11tJc h:k:µ·1O 1u,:, tlt.,\'l'I U!k u nu l.."Od,(ld l (Cdblt:!) wmny d ll .1 1.Ulllltl!,.;lllly blocks/j.icks. 000t coverings 1n1erco11 syste ms. spr 1nk!er systems and con:rols, g.irage door openers 1r cl uding !!.!!__remote co n11ols Olhnr Fl•turo~: ___________________________ _ If any fi ,c turos are attached 10 l he Proper1 y af1er the date o! this Contract, such add 111onill h.durcs ar e a lso included In 1hc Purchu:i~ Price 2.5.2 . Per sonal Propo rl)'· If 011 th e P roper!~ w he ther a1t;ic11 od or no: on l ho da to of lh1s Con·ract slorrn w1nd0N s, storm do01s . wmdm, and purch shdtlt1 s, nw1111 1ys bhnds, sc reens, wuuJuw l:t:.M:1 lll\b1:t , 1..utldil 1 1ud:,, drapery rods. healing stoves , storage sheds. and all kers. II checked , lhc tollo w1ng are mctuded O Wa ter Softunc rs D SmokefF1re Detectors [J Security Sy s tems D S:11cll ite Sys1em s (1nclud1ng satel111e die.ho!;) Ot hor Personal Property : nl a I he Pc rsG nal Property 10 bo co nveyod .it Closing shall be co nveyed by Seller fr ee and clear of a I taxes (excopl pe,sonal prope r1 y taxes for 1ho yea r of C losing), he n!: ard e n:umbranccs, o~cep1 __ Jtc'.~_..;':::'':::"===========--C=o::.n::_,c:_:y:_:o:_rco::::::..:o::.h:::>l:_I "::•:__:b"_'.Y_:":::'"_:_':_'· ~~le or ot her a pphcablo 10931 rm;lrumcnt C BS J-10,1 I CONT RACT TO HUY AND SF I.I REAL ESTATE Com111:mal " ,u 2.5.3. Tradc, Fix t uro1o ; With ,osp&ct to trade f'i x1Lirto s. Seller and 3uyo · agree as folloN~ nl a l tie Trad e F1 ... tu re5 :o be conveyed a l Closing st-all be conveyed by Se lle r froe a nd clear of ttll ta11.e :1 (except PtH SO MI pr!lper1, taxes fo r lhO ~e ar of Giesing ) hens and oncumbrancos. oxcopt nl ,1 Con .. eyancc snall be by 0 11J ol sal e 01 ol ner appl,ca blo logal mstrumonl. 2.5.4. Par ki ng and Storngo Facillllos. D Use Onl y D Ow nership ol lhc loll cw1ng parking f~c1 I he > nla : anct D lJ so Onl y O Owner s h ip of the fo!l:>wi ng slorage faci lihcs nla i;1.1 2.5.5. Wate r Rights. Wato r and Se wor Taps . ::;·: RiglltS. The loll owmg tcgally desc ribed Wd lor tights 2.5.5 .1. Dcodod Watc1 l t•i .,, I t/ "' .. , ,., "' '" ,,s '' "' 11, 1,i : l.·, nr, 1)9 "" ,,. A ny water ri ghts strnll be convoyed b·, D "'"'"•'------Docd D Oth er ;:ipphcablc legal ,n st nJment 2 .5 .4.2. Wo ll Righ ts . If an ~ waler well is to be lransferrod to Buyer, Seller agrees to supp ly reau,rod 111 formaI1c,n about such well l o Bu ye r Duyer 11 nde rslnnds thal rf the iN CII to be transferred is a Smal l Capacity Well or a Oorn cs l•C E,;ompt Wale, Well l.Sc d fo r ordInm) household pu rposes , Ouyor shall , :mo, to 01 at Clos.no , r.o mpk?lr. il Chrtngf! in Ownr.rsh1 n fo rm fa, Iha well. Ii an cxIst Ing w ell has nol hmm rog,st mt"tt:I with Ille Colorndo Division ot W ater RP.SOurcc s 11'' the Dcpanmont ol Natural Re sources (Ol v1s1on), Bu)·er shall complete a re<Jistr;:i t1cn of ex is11ng well furn 1 !or lho won cr1d pay lhe cost of regisIra:1on II no person will be prov1d ng a closmg serv co In co nnecl Ion w ith !h e 1rLill5nctton B uyer stmlt file l he lotrr w1Ih l he 0 1v1s 1on w11h 111 sixty d('lys after Closing The Well Permit d 1s _n_/o __ ~~--- 2.5.5.J. 0 Water Stock Ccrtillc,ites: 11 /a 2.5.5.4. 0 W ator Tilp D Sower Ta p No l o: Buyor Is ad vised to o btain, from the p ro vider, w ritten confirmat ion of t h e .:imo u nt remaining t o b e paid, if any , t ime an d o t her res t rictions for t ra nsfer and use o f the tap. :2 .5.5 .5 . Other Ri ghts N O WATER OR SE WER TA PS AT TH IS ADDRESS 2.f.. Exclu !llon !I , The fol lowing items arc oxcl uded (Exclus1ons)· NONE DATES AND DFA DLINES . It em No . !Rclcrn "'nccco+----, -F nlo ; d:, _ Assoc,v tion Docum ents UOJccuon Ocadl)!!.L .• n /,1 nia-··-·· 1•,<, .!Q.. --~~---~Rig ht o f hrs l Re fus al Oc:1dh ne "' !',b l!.'J ;:.t• CBS3 IO 11 CON TRA CT ro OIJY ANO SELL REAL ESTATE. Cnmm ~mll ---·----- 34 § 17 35 ~2~-35 ·-~-·- 37 11/,1 ~ 11 /a Poss ession Da1 e _ _ ----__ _,__~5!-'-1~1!-=2-"0-"12=--- 5/1112012 AT CLOSINo,G ___ ''_'"_' Possession rime ___ ,. -~ __ _ __ _ --~1,:_cu pl.t nc o Oua c.Jlin t: DJ1 lc 4/3120 , 2 1 u c~d a~ _ Ac ce ptance Deadline Tim,_,oc._ _____ _.___.c.:.M::,ID:c:N.:.:lo,G;.:_H.:._T __ nta 'n/;J --·----C----'-'~''~·-----nla Noto: Appllc ab!lity ol Torm!i An~ bolt, blank or hne m ttus Con tra ct loft blank or completed with 1119 abbreviahon 'N/A', o r the word "D oloted" rnoor'I:. J,1c t1 p1ov1:;;ion 1n Do to s .'.lnd Ooo d lln o:, 1§ 3), including ony dood lino , 1c nol opphenbla and tho corresponding prov 1s1on o l th is Con1ract lo which refe ren ce ls made 1s d ete led . The abbrev1a 11on "MEC-(muluat cxccuhcn cf this Con1rn ct) mea,s the date upon whi ch both par1 1es ha ve S•£ncd th is Con:racl PUR CHAS E PRICE AN D TERMS . 4.1 . Prico a nd Term s Tie Pur chase Pnco c.et fo rt h below sh:.11 nA pr1y,1 htr. 1n LIS Dollars hy BuyPr r1 s follows Amount Amount. _ _j -~~:o.:.o.:.o·cco.:.o_.___~ _J $5,000.00 4.2. Earnosl Monoy. Tne Earnest Money se t lorlh 1n lhtS sec\Jo n, 1r the rorm of PERSONAL CHECK -.hail I~ p;1yah lP 10 ;ind 1Alrt hy AMERICA S HOME TITLE (Earnes1 M oney Hol d e r), in 11s l/ust account. on ochalf of bolh Scllc1 and Buyer. lhe Ea:nesl Money depos11 sha I bv ICndcrnd w1tt 1 ttu:; Contr.:ic t urJot;s tho putms rnuluJ!t)· Jgroo to an A l term1tivo Earnest Money Oc,a dlmc (§ J) fo r us payment If E~rncs1 Mon oy Ho!a c r 1s other lhan the Brokerage: Firm 1dent1red 111 § 33 or § 34 . Clo su,g ln~ll ut.:hun:, :,,y111~d by Bu1.:r. Settc.:1 and Ed n~st Money Holder must be c bla1red on or bcl ore deh,ory 1 C.amesl C II S)-l fl -11 CON ll<.Al"I l U HU YA NO SEI.I P.E1\l.!::ST ,\1T -Commcm al Pagr ) u f lj .'lh ", .,,: .,,,, '" ,•).: .r .•)•, JIJ..I 'OS JOf. ·,01 :'.J:: :or: l i f, ·' I .' .i l J " JI, lj; ~I. , p ~ M oney to Earnest Mono11 MuldtJr l hl-.l po111e1 t1ut hJIILl-.l dell vtti y ul 1!1t1 Ernr,e$t Mon u y <11:::pl'l!:>1 1 tu lilt: c.urnp.:1 ny conductrng th e Closing (Closmg Company), ii any, a t o r ~e lorc Ctosmg Jn the even t Earnes: Mor ey Holder has agreed to r1ave in terest on Eames! Money <J c oosl\s transferred 10 a funtl cstat.Jhsht?d for the ourpose of pro\rtllny affo rdaole housmg 10 Colorado residents, Sel'c r .ind Buyer acknowl e~ge an d agreo 1h2t any inte1esl accnm19 on th£> Eam ost N'i>ncy ocoos 1ted w1lh lhe Earnest M on ey Holder m l h1s tran sactio n sh.111 oc 1ransl c rr cd l o sue, 1u nd 4 2.1. Allornalive Earnosl Monoy Doadl m o . The tJ eadlin~ lor :t eh venng :ho Ea rnP SI Money 11 othor 1nan al lhe time o f ·ender o f tt11 s Coniract 1s as set fort h as l he Allorm1tive Eurnesl Mol'Oy De a dline (§ 3) 4 .2.2. Return of Eurnos t Mone y . II Buyer ,as a Right to lcrminate and timely ic1mIn a1os, Buyer shal l be entitled tc the ro1urr of Earnesl Mone v as provided 1n lh1s Con1 ract H this Contracl is termma ted as s-,1 fo rl h In § 25 and , cxcepl as prol/1ded in§ 24, ,f the Earnest Mone y ha s not already been rclum ed followin g ,nr:P1 p1 nl .i Nnl 1r e 10 Ter m 1n;11e Seller agree s lo c xecul e an::t return to Buyer o r Oroker w orking N 1th Bl1yc1, wnno n mutual 1ns1ruc1 10ns, 1 e , E arnest Mo ney Release form , w it,in three day s of Sell er's rc ccIp1 o f such fo rm 4.3. Form o l Funds ; T im e of P,,yment : Funds Av:illnblo . 4.3.1. Good Funds , All amo unts payable b)' lhe oarlLC S a l Closing, 111cl ud1 ng .:t ny Imm pr occcd::.. Co::.h .J I Clo!.1ng ,'.lnd CI0!,1 n g CO SI&. Sh .ll 00 n funds that comply \\ll lh all :ipptic.1 blo Colorado l ilws. mclud1ng erc ctr onic translei h.nd s , ccrlL l'ied chock, savings and loa n 101 or's check a nd cashiers .:hoc ~ (Good Fu nds) 4 .3.2. A va il alJ l o Funds . A U fJnds required to be ria Id at C los1ng 01 as ott10rw1 se agreud m w rifi ·1y hclwct.11 Ul t' µd1l 1c:, ~l!dll l.11.1 ln11tly lld ll 10 cillow d1sbu1sc 1nc 11\ ~y Clo!>sng Co m ,·1y at Closuig OR SUC II PARTY SHALL BE IN DEFAULT Buyei repraso n1s that B u>e r, a s of 1hc date o l th1s C.o ntra cl , ~ Docs O Doos Nol h ;ive tu rld s mat nre 1r1m1ed1a1 c1y vcnf1i10le ~m j LN ailabte In nn amounl not less than inc ilm(lul"I I ~1c11 ~a as Cas.'l at Closmg ,n § 4 I 4.4 . So ller Concession. Seller. at Closi ng shall c1od1t. JS d rocto d by B uyer, .J n arnoun\ ol S O ___ lo nssI s1 w ith Buyer's closing cos!~ {Seller Conce!>S1on 1 So l e r Concoss1on 1s 111 addition !O any s urr Sell er hils ngrccd to p.:i y or credit Buyer 01scwhcrc in lhIs Con l ract Sell er Conccss 101, sti all be red uCfld 10 lhe e11 1e11 1 11 ox t.oods 1ho .1 mol;n\ allowed l>v BllYlH s lend er as set fo rt h in !he Clos1 nri S1 a1 ement at C10 s111g 4 5. New loon . (Om11tcd n:; 1nnpphc.:i bl c) 4.6 . Assu111 µ1ion . Buyt:t dy11 .. c~ ti., ,1 ~:,u1 110 and pc1y a~ o ,as hng loan ,r lhc Etpp,o..;,rn a le amount of the Assu'Tl pt1 on Balance set lortn ,, § 4 1. pro sen tt y on ya ble a: $ 11 /.1 per __ n_l a __ incl ud ing p11n c•pal ;ind lfl teresl presen1 Iy at l he rate o f ........!1!!._ % per a nnum . and also 111Cll 1d1ng e set ow tor Inc lollow mg as ind icated O Ro3 1 Estate Taxes D Property tn suriln co Premi um and D n!a Bu ye· agree s 10 pay a loan tra nsfer rc e not lo e>1 ceed $ n l a ~t lhe l im e o f assum:>hon !he new Incerest ra1e shell no: ex ceed n l a % per a nnum and the now pa ,ient sMII not C'l(ceed $ 11/,1 per ~ pri l"\C1 pal a nd mtmosl . plus escrow 1f o ny If lhe ~c:tu ::i l pnnc1 :J :1I ba1an co of th e ox Is11 ng loan a1 Clos ing 1s less than the Assump1fon B alance. w11i :h causes the arn oun! o f cash required from Buyer a t Closn g co be increase d b i' mo re th;;in S _____!!}_:!,___, then Ouyer :in a ll have t he Right to Tc rmmate under § 25 1. on 01 telore Closi ng Dato (§ 3). ba sed on the i educe d amo un l of the aclua l prmc1pa l ba lance Sell er □Sh a ll □shall Not be ,etea scc frorn ha b1h1 y o n said loan. II aµpl,r atlle. comp'1ance w !lt· the requlremonls for re tea s.c fr om llabill !y shall be evidenced by cellve-y O o n o r beloro Loan Tr.1n sl e r Appro val Deadline (§ 3) D at Clos i ng of an appropri ate toner o f u .\.111T'i:mon1 fro m tender A ny cost :>a yahle tor rele ase ol lmb1 ,ty shul l bo paid by nl a 1n an ariount not to <J.:cood £ ___ ,,,,, 4.7. Sel ler or Private Financing . (Om11tca .is nm oph cablc) TRANSAC TIO N PROVISIONS •I •• 5. FINANCING CONDITIO NS AND OBLIGATIONS. (0 11 11Hu<J n~ 11 11:tµµlit...1Li le) J)l,i 'II "j)J cmJ.1 0 11 5.3. Cred it lntorm;;i tion and Buye r's Now Sonio r Loan. (Omillo d as 1n3ppl 1c a b lc) S.4 . Existing L o .in Re v iew. (Omitte d a s in:ipp hcab lo l 6 . APPRAI SAL PROV ISIO NS. 6 .1 . Lo ndcr Pro pe rty Roquirc m c ntr:. If the le nder imposes an y requirement!. o r repa,rs {R cquiroments) to be nadc to !he Pro;>clly (c g roof rc pa r rcp;iintmg) beyond lhO>C manc,s a:,eady ayrc c d to by Soll e, in this Contr act. Se ll er m ay te,minate th,~ Contract (notw 11hsta:,d1 n9 § 10 of th1~ Ccntract) Seller 'l hoil hovo !h e Right 10 Ter rmnate under§ 25 1, on or bero•o three days foItow1 ri g Se1ler's recc 1rit of tn e Req uirements, bc>sed on any CON f RA(i TO IJ U'I' ANO SFI l KE AL ESTATE -Co mn-t:rc:1Jt P:tgc a of \) un:.ah~fdllwy Re4uironienis. in Su'ler ~ so le 5ub1echve d1sc r11hon Scllc1 's ngh t 10 1ermina1e m lh1 s § 6 1 sn ~tl not appl~· 11 on or bo lorc any :e nnma!lon by Sollei pursuant 10 lh1s § 6 I ( I) !he pa rt ies enter into a wr11ten ag reenicrt regarC11'1g tflc RC<Ju11e men1s, o· (2) 11\e RequInmum::. t,av c Ut.-t:m w111µlct<:tJ . uI (JI lhc 541tts fact1on uf Ilic Requirements rs warvod in wn~ng by Bu ye r 6.2. A ppraisal Con d itio n . l hc apphcable Appr aisal provis~n se1 ron, ce low stiall app ly to tho rcspochve loan typo sci forth in § 11 5 3, 0< ,f a cash transachon , , e no fr nanong , § 6 .2 1 shalt ucpty 6.2.1. Convo ntlonal/Olher . Buye r shall :iavo thc sore o:,ho n and elec11on lo ternu no te lhtS Contruct if tnc Prope ny·s va1ua1ion 1s le ss lhtm th e Pu rcha se Pncc de to-m ,nod by an eppraiscr cngAged by BUYER The appra isa l sha ll be rccc,~·cd by Buyer or Buyer's lar der on or be fore Appraisal Or.adllno (§ 3). Bu ye r shall hnvc lhc R1gn 1 lo Term nate un der§ 25 1. on or be lore Appraisal Objoction Deadllne (§ 3). 11 tho Propony's v,1 tual1Cm 1s le ss than lhe Purchase Pri ce arc! So ler's receipt ol eilhe r i1 copy o t suet, ~f)l''lr ,w:.,1 nr wn fl -tn nottee lrom lenr1nr Iha! confi rm s the Property 's valu ati on lS less than lho Purchil SC Pn cu 6.3. Cost of Appralsal. Co-.1 of any apormsa l lo bo ob:a1ncd after the diHc of lh1s Conlrao sha1 be hmoly p:ud oy ~uyor D s ollo r 7, EVID ENCE OF TITLE ANO CICASSOCIATION DOCUMENTS. 7,1. Evldonco of TIUc . On Of before Rocord TI iie Ooadti n o 1§J). Se11r sha ll c.--:iusc to De 1u1rus11ud to Buyer, .lt Sc ll cr·s ex pense. ri cu rrenl cormnllmonl 101 ow11u r-s l!lle in~urdflLU µullt:y (Title Comrn 1trnen l ) in anamount c qunl lo tho Purchase Pr ice. or 1f this tox 1:; ct1cckud, 0 An Abs tr.i c1 of bile ccrtilicd to a currcn l da lo II 111lo insu rance 1s lurn ,shcd Scllm shall <.tl so oohvc r to Ouyer cop10s of any abstr ac:s ol t1 1le ::ovc11ng at l or any po rtt on of the Propon y (Absl r.lci) in Soller's possess on At Sci or 's expen se, 5clle1 shall ca use the ti tle insurance µolicy to ho issued and dol1vcrcd to Buy er as soon as prac ticable a l or af1er Cbs1ng. f he Mio in surance comn11trncn1 ~Shall D Shall Not cornn111 lo d elete o· 1nswo over the standa rd cxccplions wh1rJ1 re1a lo to (1) part ies 1n posscssmn. (7) unrccord od onscmonts , (J) survey ma uers, (4) any unrer.orded mechanics· hens, (5) !J;IP p 11nnc1 (elff•ctiv,• 1-11,-. ol r.n rnm1 1mcn1 to d:tte decr1 1s rccor doe1). and 16) urioaid la).cs . assessments and unrc<1ccmo d !ilr. sale ~nor to tho yc.-ir of Clos ng Any add 111ona1 p-cnuurn c,_pcnsc to obluu-th 1~ add 1hc)fla1 covo1oge sh.111 bo µ::ud by ~ Buye r D Soll or . Note; Tt,c 1111c ins urance company may not ag,uc t:> de lete or insure uv er any or a!I of the standard c:,i cc phOns Buyer ~hall h il'VC thought to rev iew tho T1Uo Co mm !men\, 11:; pro..,.,:.,.:i n~ :ind Titl e OOC\Jm on t!; (doli noo fn § ; .2) and 11 not sa 11sfac tory to Buyer. Buye r may exercise Bu yor's ri ghts pur$ua nt 10 § R 1 1.2 Coplos of EAcuplion s On or before Record Tltle Deadllno (§ )), Ge lle r, i,t Seiters c itpcn~c . shall fu rnish to Buyer ano B UYER 'S REA L ESTATE BROKER , (1) co;ites ol ony o!ats de cla ra 11ons. cove nants . co:idtllons ones res 1nc t1011s curjoning th e 1-'roperty, and \2) 1I a T1tl-1 Com.n!t ment 1s re qu1reo to be lum,sh od , and 111n1s box ,s checked ~ Coplo s of any Othor Oocu monlt; (01 . 11 11eg101e. su mmane~ of suc h documen ts) hs ted 1n lhC sche dule of exccplions (E,.cop1 1:ms) Evon 1f lho !JO>. is not Chec ked , Seller shall hai.c the ob!19a11on to furnis h these dc:i1.uments pu rsua,t to \his sec l1 011 ,I rcq ue s!ell by Buye r any 1,mo on or bcto·e Exception s Reques t Doadlinc (§ 3) Th is roq uirc rne,t shall ponaln on ly lo documen l s as shown of record in the office cf tne clc1 k and recorder in 1hc county where the Pr opurt~ 1s locateo The abs1ract or Tille Co mrn itmcnt , togctt1or w1th r1n,-copies 01 summa nes of such documents fu rnist,o:i pursuant lo lh 1s sec11on . cons1 1l utP. Iha hl le c1 or.unicnts (co ll ect 1vc ly. Tit le Occumenl s) 7.J Homoow nors ' Ass ociation Do cuments. TM term Assoc iation Documenls cons ,s15 of all ownors· assoc 1ahons (-'\ssoc1mlon) doc1arm,ons bylaws . orie rR \1ng ;:1greemen 1s . ru ins nn d reg uta:,o ns. part y wal l agreements. m nutes of mos! ,ccont J nnual owne rs· mc o11ng ano m1 nu1es of any d1roctor s· or ma,agcrs' mcehngs dunno the !;IX mont h ponod 1mmed1a tely preced 1n9 th o dale ol 1111s Co n:rac1, 1f a n)' (Governing DocurTIPnls) m nst reconl fina ncial documon:s cons ist ing of ( 1) ann ual ba lanc o shcc l (2) annual inccmo an d c;(pe nd1 tu rcs stal cmcn1 , and (3 > ar,nua l budge1 (F mmool Oocurncnt:.) 11 ony (colloc11\·o ly. As:1ociot1ori Ooc umonl!;) 7.J.1. Common lnlcrosl Community Oiscl osuro. THE PRO PERTY I S LOC ATED WITHIN A COMMON INTEREST COMMUNITY ANO 1$ SUBJECT TO Tl t r OCCLA RATION ron SUCH COMMUNI TY . THE OW NER OF THE PROPERTY WILL BE REQ UIR ED TO BE A Mt ~BER OF THE OWNER 'S ASS OCIATION FOR IHE COMMUN/l Y AND WI LL BE SUBJECT TO THE BYLAWS 10 RULES ANO R EGULATIONS OF T HE ASS OC IATI ON. TH E DE CLA RATION , BY LAWS , AN D RU LES AND REGULATIONS WILL IMPOSE FINANCIAL OB LI GATIONS UPON TH E OW NER OF THE PROPtRrY, IN CL UD ING AN OBUGATION TO PAY ASS ESSMENTS OF TH E ASS OCIATION . IF THE OWNER DO ES NOT PA Y THESE ASSESSMENTS , THE ASSOCIATIO N COULD PLACE A LIE N ON THE PROPER TY AND POSS IBLY SELL IT TO PA Y THE DEBT . THE DECLARATION, BYLAW S, AND RULES AND REGULATIONS OF THE CO~MUNITY MAY PROHIB IT TH E OWN ER FRO M MA KING CHANGE S TO THE PR OPERTY WITHOUT AN ARCHI TE CTURA L RE VIEW BY TH E ASSOCIATION (OR A COMMITTEE OF THE ASSOCI AT ION) AND THE APPRtlVAL OF THE ASSOC IAT ION . PUR CH ASE R S OF PROP ERTY WITH IN THE COMMON INTEREST COMMUNl'iY SHO ULD INVESTi t \TE THE FINAN CIAL OBLl~ATION S OF r.ocM BE RS OF THE ASSOC IATION . PURCHAlERS SHOULD CAR EFULLY READ TH E DECLA RATI ON FOF< THE CO MMUNITY AND THE EYLAW S AND RULE S AN D REG ULATIO NS Of '1 1 r, THE AS SOC IATION . ,, . .i 1 1 7.3.2. Assocla1ion Oo cumcnls to B uyor CIJS J -1 0-11 CONT ftACr TO BUY ,,ND SELL REAL l-.S'I ATE · Com mt rr .. -, ---p-,~-,-5-of_l_l ____________ _ ..1 1., l"0SJ -10-i ~ 7 .3.2 1. Seller to Provide Associ.it ion Documents. Sollc1 shall cause lhc Asso c1ah0'1 Docum cn1s to :w p101•1 dcd lo Buyo, ill Sol 0 1's oxpomic, on or bcforo Assoc1.ltion Documonlti Ooodllna {§ 3) 0 7 .3 .2 .2. Seller Autho rizes A ssociation. Seller authonzes the Assoc1a1 1on 10 provide !he Assoc1a ho n Occumcnts lo Buyer. at Se ller's expense 7.3.2 .3. Seller's Obllgntlon. Seller's obl1 gru1on to pro v,do the A ssoaallon Document:. s1 a I bo lulfirtcd upon Buyer's recc1p1 o f the A ssocia11o n Docum ents, regardless of •Nho pro'.l 1dos sucn docU' ll:nts Note : If nc1thor bo>. Ir th 1!. § 7 3 2 Is chockud . the provisions of§ 7 J 2 1 shall ~pply 7 .3.3. 'C ondilional on Buyer's Review. If the box ,neither§ 7 3 2 .1 0 1 § 7 .3 2 2 ts checked, th e provIsIons of this§ 7 J J sh all apply Buyer sha ll have !he R,ght lo Torm 1nnte under§ 25 1, on 01 bolero Association Oocume.n l'.i Objoetlon Deadline (§ J), based on any unsaltsfactory prov1s 1on 111 a ny OI the Assoc1ahon Documcrt!, m Huye r's solo subJe chve d rscrc11on Should Bu yc1 receive the Assoc1 .:i t1on Documents .1tto r A ssoci;,t in n Ooc11 mo111s Oo"dllno (§ :1). BuyAr . a · Ruyer·s option, shall hi1VO th,• R 1ot11 to crmm;ile under 9 25 \ by Buyer's P\~h to ;,:mun m c rcccwcd by Seller on or be rore ten days after Ouyc r's receipt o l lhc As sooRiion Ooc:ume nts U l'uycr docs not receive th o A ssociation Doc uments. r • 1f Buyer's Notice to Terminate v.oulO Olhetwlse OC ro~u1rod :o oe received by Sel'cr aftc• Closlng Da te (§ 3). Ul ,yt:r"s Nuhi.:t: to T::1111111dti:: ~hall l.11:: recoivec by Se ler on or before three days prior to C los Ing Date (§ 3) H Seller does not re ce ive Buyer's rl ot 1co 10 Term inate wi1h1n sue r lune. Buver accepts the p1 o vI s1o ns of the Assoc1.1 l 1on Documents as sallsfactory . and Ouye r w.1 Ives :my R1g11 to Terrrnnate under lh1s provision , notw11hs1ar,d1ng the provisions of§ 8 .5 8. RECORD TITLE AND OFF-RECORD TITLE MATTERS 6 .1. Record Title Mattors. Buyer h.1s the nght to review and obJCCI 10 any ol the r ,11e Documents (Right to ObJCc t, Hosolu11on) as set forth in § 8.3 Buyer s ob1ec11on may be ba sed on a ny unsa11 sfactory form or canton! of T1tl o Comrrn1ment, ,otwilh$Hmding § 13 or any ottior unsut1srac1ory l 1Uo cond1 \1o n. m Buyer's sole ~ubJec trve d15crc ti on If Buye• ot1oc1s to any o l thO T1tlo Docu ments. Buyer shnll cause Seiter 10 receive Buye r's Notice 10 Torm111:.1 10 o, Nohco of Ti lle Ob1ect10'1 on or before Record Title Objoctlo n Ocadti,10 (§ J) If T itle Oocumcnl s ;1 rc no t recei ved b} Ouye ~ on a, be'orc ·ne Record Ti tle Deadline(§ 3). or 11 lherc ,s a, endOfscment lo the Tille Comm l!ment l ha t adds a new faccpllon to ht le, a cooy or th e row Exccphon to ti tle and the modtf1ed T1tJe Commitment sha ll be de!ivcre, to Buyer . Buyer shall cnuse Seller 10 r,i cc1vc Buye rs Nohcc to renninme 01 N o11co at l 1llc 0bJec1ion on or bofo10 ten days afler rece1p1 by Buyer of \he followmg docum unts. ( 1) any rcqu:red ·11tle Docum enl ri o1 l1mPly rP.C"Ptvf'd t'>y Ruyr>r. (?) My c:.1;1ngr. to !hP. Tille Documen1s. or (3) endo rsement to the Tille Commilment ll Sel!~r receIvos Buyer's No11 cll' to To rm1 nate or Notice of Till~ Ob1ec 1.on, pu·suan l to this § 8 1 (R ecord Title t-.la ttcrs), any 11:lc objecl!on by Buyer. and 1h1s Contract shall lie governed tJ~· the prov,sIons se 1 fonh Ir. § 6.3 (Rlgnt to Ooject . Rc~o lu llon) II Se ller Cloes no t racolve Buyor s N o .Ice lo Tttrm 1nd!1:J u, N u\11 .. t.: uf Tillti Ob1cc11cn by tho apphcable deadline specifi ed above. Buyer accepts tne condition o l !Ille as disclosed b)' tho T1 t1c Documents as sal!sfrctor)• 8.2 . Off-Record Tl \l e Matler6. Sel ler shall deliver to Bu1er. on o r oeforc Off-Record Title Deadli ne (j 3). true ::oo ,os a l all exIstIng ~urveys m Seller's possess on perta Inm g to tho Propeny and shall d sclose lo Bu ye r all oase,1tints. hons (includ1r9, v,1111ou l 1tmr'.<1hon, govc11nlcn1al Impm\ements approved, but not yot mstnllcd ) or ot her htle maners (mcludmg, w11hou, umI1a tIon. ngh1 s of first rc rJ sal ard options) not shown by publlc ,ccords. of which Selic , has actual knoV1 lcdgc Buyer shall hiJvC the ri ght 10 inspect the Propeny to in"es11 gatc 11 an)' third pany has cmy 119111 m lhe P1ope 11y rot shown by puohc records (Su ch as an unrecorded casement, un recordod lease . boundary line d1scrdpancy or water rig hts) Buyer"s Notice to Termina te or Notice of Tille ObJechon of any un:;nt1:.,acto ,y ~ond1t1on (whel hcr d 1:;clo!;OO by Sollor or rovoated by such lnsoochOn, notwI:h st andm9 § 13 ), in Buyer's t\O lo sut>icctwe d tsc ,ouon . s1all be received by Seller on or before Off.Record Titlo Objoctlon Ocadllne (§ 3 ) If s ,110, 1ece1vos Buyer's No11ce 10 Terminate or Notice of Title Ob1ec1 Ion pursuanl 10 th is § 6 .2 (OH-Record l1tle M at:ers). any htte oh1 ec11on b y Buyr.r. a'ld !h is Convact sMI! be governed oy the provIs,ons set fo nn m § 8.3 (R 1gn1 to O b1oc1, Rosoluu on). II Seller docs not receive Buyer s Notire to l erminate or Ne bee of Tille Ob1act ,on. on rv br-for,. Off-Rccorrt Title Oh)ccl ion Dc:utlino 1§ '.\J . l111y or ;1r.r.f111l !l t1!1 P. !iuh111c:t to ~u ch ngnis. if MY . of third parties o f wh ich Buye· has actual knowlE:dg c 8.3. Right 10 Object, Rosotulion. Buyer's righl to ob1ect to any 111le mailers sha ll mcl ude . b ul nol be hm 1t£."d to 1110~0 matte ·s set fo rth 1n §§ fJ 1 (Record Title Mailers ). 6 7 (O U-R,mml Tiu~ Ma11e,s) and 13 (T1 anslt:1 of Till•.?) 111 Buyer s sole sub1ecti ve d 1scre11on (collectively. Notice of T,llc ObJccbon) II Buyer o hJo ct !I to any tt lle 1n.:il1J r , on or tJcl ore the apohcable deadline. Buyer shall have Inc cho1Ce to either (1) obleci to the cond 11on of t1Ue, or 12) terminate th is Contra ct q _J , 1. Ti tl e Resolution. If Seller receives Buyer's Notice of T1 Ue ObJCCt1o n. as providCCl m § 8 1 (RuLO rd T11h: 1"10llers) 0 1 § 0.2 (OII -Reco1d Telle Matlers), on or De fore lhe apphcablo deadline. n nC 11 Ou ye , and Se ller have no1 agreed to a wr1t1en se ttl ement thereof on o r before Tille Rosolutlon D oadl ino (§ 3). this Contrnc1 shall l ermI11aw on lhe expIr.:1uon o f Title Resol uti on Deadl ine (§ 3). •Jn !oss Solle, ,occivos Buyer 's wrl11eri w,th drawal of 6uyer's Nollcc of Title Ob1cc1 ,on, (1 e , Buyer's wnl!en 1101Ice lo wmvc o bJechon to such ,terns and wa,ves the R1 911 10 Te1m 1na1e !or 1ha1 reason). on or befo re exo ratIo n of Tille Rosolullo n Deadline (§ 3). 8 3.2 . Righi lo Te rm ln.lte -Title Objection . Buyer chall hnve the Rep h! to Torm1n.:i le under§ 25 I , a n or before the appllc.1ble deadllno. based on anr u ns.:1t slactory 111/e matter. n Buyer's sole subJechve d1scret1on CO NTRA CT TO BUY ANU )Ell. REAL EST 1\TE Co mmuc1al J1agc u of 15 '" •,..,., 8.4, Special Taxing D istri cts. SPECIAL TAXING DISTRICTS MAY BE SUBJECT TO GENERAL OBLIGATION INDEB TEDN ESS TMAT rs PAID OY REVENUES PRODUCED FROM ANNUAL TAX LEVIES ON THE TAXABLE PROPERT Y W ITHIN SUCH DISTRICTS. PROPERTY OWNERS IN SUCH DISTRI CTS MAY B E PLACED AT RISK FOR INCR[ ASEO MILL LEVIES ANO TAX TO SUPPORT THE SERVI CING OF SUCH DEBT WHERE CIRCUMSTANCES ARISE RESULTING IN THE INABILITY OF SUCH A DISTRICT TO DISCHARGE SUCH INDEBTEDNESS W ITHOUT SUCH AN IN CREASE IN MILL LEVI ES . BUYERS SHOU LD INVESTIGATE THE SPECIAL TAXING DISTRICTS IN WHICH THE PROPERTY IS LOCATED B Y CONTACTING THE COUNTY TREASURER , BY REVIEWING TH E CERTIFICATE OF TAXES DUE FDR THE PROPERTY , ANO BY DBT A INING FURTHER INFORMATION FROM TH E BOARD OF COUNTY COMMISSIONERS. THE COUNTY CLE RK AND RECORDER , DR THE COUNTY ASSESSOR . Buyer snail have the l~1gt11 lo ·1 crm1 nato und ef § 25 1, or or bef.>re Off.R ecord TIiie Objection Deadline {§ 3) h::<.Pr l nn ;my unc.;i11s l;:tr:lnr-y 1=1ffH1'.t ot thA P1nrr.r1y hf:-mg localAd w1t h1 n a '-r>f'C-1a l tr\xmg d1 'i111r.t. m Buyer's so t su t:1ec h1Je rt 1scre1ton 8.5. Rig ht of First Rolus .i l 01 Contract Approvnl. II there 1s il right ol lirst refusal on tho Propeny , or a nghl to approve t111 s Co111 rac1. Solt~r shall prornµUy sut>rn ll ttu s Con1rac1 Acco ·d1ng to the 1erm s and cond111011:-. of such 11ght U lhe holder of the nghl of f1rsl re l usal exercises such r1ghl c,r !he holde, of right to apprr>~o d sa ooroves l h1s Conlr .ict, l hti Contra ct shn11 tcrrr1na 1e Ii tile nghl o t f.!st rcl usal Is waived o xp11citl y or ex pucs, or the Con1ract is approved. this Contr.ict shall , m;un in fu ll force and eftect Sel ler shall oromplly notify Buyo1 in .... nting ol th e forego1n~ If expIra1 Ion :i1 wuIvm of ttc right of frrst refusal or Contr acl ;,pproval has not occu11cd on or lk,du11.: Rlyht of F irst Rc fu sill Doad li 11 c (~ ~). th1?> Contrac1 shall !hon I011ninate 8.6. T l tlo Advisory The Tille Doc .m,en ls alfoc l the !+T ie. •merst11p and use u f the Propeny and should be rC\'1cw"'CI c.ircfu.1v /\d:h!1onally o lhcr matters not reflec led In tho Title Documents m..1 y ;,llect rho 11tlc . o v.nershIr, and t1 se -~• :•w .:l11•1 •• including , without lim11 at1on , boundary •nes ~ritl encroa chmen ts, area , zomng. lnreco rcled oasomc>nts ,,:a t'1 1•11!: ,I o:-,!>omcnls. lott<;es an d orhor unrecorde d ag re emen1 s, a nd various 1r1w s rind g:,vom · ..'1 1 ,1, ·:;• .. ,,tJ, :1 concom1119 kind u~c>. do,olopmon1 nnd onvtron rnonta\ matl(H S Th o r..urfac o e s ta te ni.1y be ownf'l'°' ;eparatel\• fr om the underl ymg mineral estate. and tr;:111slc r o f lhc s urfilcC est ate d ocs not noc uss;ir i 1y I ncl ude transfor o f tho mineral righ ts o, water righls . Third p a rtie s m ay h old l nlerests in oil, gas , other 111 i 11 ornl s , gcoth orm:il en e rgy or w.ito r n n o r u nde r th e Proper ty, w r1i ch mtorosl s m ay 9 1vu th orn rights 10 e nter and uso the Property . Such r11c1\lers rndy be u.tc1udcc' fr, m or not oove1cd by lhc 111:<; Irc;ur;inrP :m11ry R11yP r ,._ r1,t .,1o;;i>rl 10 11m~lv con,;1111 lrig;il r:n un!+'I with rP.s pP.cl l o nil such m;iuors r1 s !here arc s:w •t time t1m1ts p ov1cctl In this Con1ract (e g . Record Ti tl e Objection Deadline (§ 3) and OH -R ecord Mat l or s Obj octl on Do odllno (§ 3)) CURRENT SURVEY REVIEW. 9.1. Curicnl Survey Cond tl ions. 1f l he bo)( m § 9 1 1 or§ 9 I 2 1s cr,ecked. Buyer, the 1s!.iuer o f 1he Title Comin11men1 or tho pro ,,der ol 1hc llf' man of htle if :m at:s1ract. and NONE _ shv ll receive a Curren! i)urver,, e. lmp,ovcm ont Location Cer1 1/catc, Im provement Survey Plat or othe r for m o l ~u rv ~y ~t:! lu1tll 111 § 9 1 2 (i..O lh.:cllvely, Cunt:inl Su·vey). on or before Curren! Survey Ocildti n e (~ 3) Tne Curr c:nt Survr-y shall be cenif1ed by the su rveyor 10 a ll those who are to receive the Curren! Survey D 9. 1.1 . l mprovomont Loca l i on Certificate . If tile bot 1n ltl1s § 9 1. I Is C""lcckcc', □S oll e r Buyer shall order or p·cv,do, and pa,', o n m befo1e Closing lhe cost of an Impro vement Location Ce nlflca te D 9.1 .2. Other Sur\'oy. If lhe bo>i: m l h1s § 9 1 2 Is checked, a Currant Su~ey . other 1nan an h11p rovenumt Lo~u t,un C.t:r 11ficc11u . ::..hall tu: dn D ln11J r uvtnmmt Su1v1.1y P ta t D 11 /s l ilt~ partic!. ag ref' It-at rayman1 o: the co:.t of !h o Curren! Suf\'Oy anc obi ga1I0 11 to order or provide the Curr ent Survey shall be as follows _N_O_N_E ____________ _ 9 .2. Sur vey Objectio n . Bu}er sna I have the nghl l o review ard ob1ect lo the Curre.-1 1 Su r.ey Bu{er st .II tiavo the R19t11 ·o Termrnatc unt101 § 25 1. u1 or before the Cu rrent S urvey Objoct lon Deadli ne (§ 3 ) 11 tho Cune nl 3urvey ,s not 11me1 v r~cc ,vcd by Du{c r or b.u sed on any u n:wt1slac1o f) •Tiotte · w ith 1,e Current $urvcy, n,:,tw I1ns:anain~ § 8 2 or § 13 DISCLOSURE. INSPEC TIO N AND DUE DILIGENCE 10 . PROPERTY DISCLOSURE. INSPECTION, INDEMNITY, IN SURABILITY. DUE DILIGENCE, BUYER DIS CLOSURE AND SOUR CE OF WATER. 10 .1. Seller's Pro porty O1 sc losurc, Dcildli ne . Ou or Uclorc Selle r 's Property D1 sclosu ro D cadllne (§ 3J , Selle· ;:ig reos to deliver to Buyer the niost current version of the apphc.-1 bte C olorado Real Esta1e Com r111ss io11·~ Seller's Property D 1scl:>&u re fo rm completed by Si!llcr lo Seller's actual knowledge. currcn1 as of tne date of 1h1~ Contrd1.,! 10.2 Ins pec ti on Objec t ion De adline . Unless otherMse provided m lh,s Co traC'. Buyer acknowledges ,rat Sell ~r ,s convcy1n:, the Pr ooorty to Buyer m ar, ·as 1s· cond111on , -where 1s· and ·w uh al fauus· Seller shall cl sclose 10 Buyer, m wr I1m y . any 1.11ent d e l ac1s act u alty ~nown by Seller Buyer. ac ting ,n good fa11h, shall nave (~i~· CON I RJ\CT TO DUY AND SE L L J .EAL .. S I A T 1: · Co1mm·rrntl rage 7 ol 15 , .. : •,. ,,,l, •,Jl l he ngm lo na,,e mso ect1 ons {by one or more third parties, personally or bO lh) o l t"H! Propeny ano lndus1011s {lnspcct1on), at Bu ye r's ex pense If ( 1) th e physical con dit1 on of the P ropen~, inct1.1d1rn;. but not l1rn1ted to, tne roof, walls . structural 1nteg nty of the Prooorty tne eIe c1ncaI, p1 Jm0 1ng, 1·-tVAC and 0 1ner m ectlanical sys1c ms or tile Property, (2) tho ohysrC.JI cond1t1on of lhe In clusions, (3) se~1cc 10 the Propert y (!nduding ut11i11es and -:ommunicatron services ;, sys tems and compo nonts o f the Propcry, o .g heati ng and plumbing, 1.4) any praposea or e xisting tr anspona lloti project , road , str eet or h1gtiwa)•. m (5) any o ther activity. odor o r 110,so (Nhother on or cfl the Property) and us effect or o~pec!c d elfcct on t'lc Property or Its occupanls 1s unsat1sfac1ory, 1n Buye r's solo subjective d 1screhon. Buyer shat!, on or beforr I• ~1oction Objection Ooadline i§ 3 ) 10.2.1. Notice 10 Tar m1 na1 c :, l1f1 Se ll e, rn w11t1ng l hat this Coo 1ract 1s ter minated, or 10.2.2. lns por.tion Objocllon (\t; iv:ir 10 Seller a wntt on d escrlolion of any unsa l isla:torv nhy s1:a1 condll1o n IM I Buye · ,equIres Solle, lo couec, Buyer shall have lhc Righi lo TP.rmm,uP ·r.ic1Pr d5 :\ Ei 75 1, nn nr hPlom ln spnction Obj e c t ion Oca d llnc (§ J), based on an y unsol1sl acto -y ph ysical co11c:11io n of 1h~ Propeny or Inclusions, i , 8uyera€1"s sole subjective d 1~crolion . 10 :.. Inspection Res olution Deao,,.,: If an inspection Ob1 ecl ion 13 rece ived by Seller, o n or before l nspr-:tlon Object io n Deadline (§ 3),and 11 Eiu)v a 1,,. :=;ct lcr have nol ag·ccd ,n writing to a !;Otllcm onl theroof on or befor e Inspection Reso lution Deadline t~ J). !I · .i Con l ra cl shall term ina to on In s pection P "sol utlon Ouadllm: (§ :t). unlt.:S!J Su ltu1 tecmves Buyer's w nuen withdrawal of tho ln:i pcchon O b1ecUo'l be.:>re such te rmination, 1.e, on or before expira tion of ln spoction Re solution Doil dline (§ 3) 10.4 . Oilmago, Liens and Indemni t y . Buyt::i, citccµI tt!J ull11.:1w1se µ,u·,1tktl 111 lit :, Cuoirdct 0 1 Olhe r wr11t e11 ag, omont botwuon !ho r,art1 es, is respons!ble for pa>•men· for all i nspec11ons, tests. surveys. ong Inc enng reports. or any other wo r~ pcrl ormcd i.11 IJ u ycr's request (WO rK) Jnd Shall pa •1 for any aamage th;it occurs l~ tho Propo rt y and 1nclu:1 ons as a res ult of such Work Buyer sh.i I not ocrrml clai m s or l•ens o f any lund against the P,opo1 ty for Wot'X p.1rfonnmJ on the Pro perty a! Buyer's request Buyer agrcos 10 1ndo mmfy protect an cl ttold Seller haTn1ess from and aga ns1 any t,aoihty. d amage, cosl o r e,i::,cn se 1ncu rr od by Sollor .ind caused by any such Wo,k. c talm, or l ien This 1nr.lcmni l y mciu d es Scllcf's rig lll lo recover all cosl r, an d oitprmses 1r1curred by Sel ler to dclend against ;my such l·ao1hty , damage , cost or mcponso, or to enforc!! l h 1s sec1 Ion. 1"1d uding Se nor's reasonable <.tlto rnoy fees, lega l fees and expenses The provisions of this s~ctI0 11 shall survive the term inatCn of this Contract 10.S. lns urabllity . Buyer shall ha ve the ri ght to revi ew a 1d ooject lo the ava1 la b1h1y , :errns and conditions of :inrl pmmnm1 for propert)' in surance (P roDCfty Insurance) Buyer shall have the Right to lerm1ra te unde r 1$ 25 1. on o r before P ro pe,1 y Insurance Obje ctio n D eadline {§ 3), based or any unc;a:,sfaelory provision of the Properl y Insurance, m Ouy,J1 :'lf 'Ms sole ~11h1nr.1 1vn d 1scro11on 10.6 . Due 01 119ence Documents . Seller ag rees to do!i\cr cop ies of !he fo ll01Ning docum ent,; ;ind infonn:i\!on pc1'1In1119 tv the Property (Doe 0 119enci!: Documents) :o Buyer on o r before Due Dlllge .,c ~ Docu ments Delive ry Ooodlino(§ J) l o the eK l onl :.v..:l", Due Dilige nce Documents exist and a re in Se!le ra€11•1 s 10 .6.1. ,\U cl!'rcnt leases , 11" ,udmg a ny amendm ents or other occupancy agrecrnenls , pertaining tu l hc P,uµc 1ty (l~ases) 10.fL 2. Propeny ta,; bills for the last J_ years: 10.tl.J . As-Ou I1t cons1 ruc1ion plans 10 me Properly .inti Hie t~rn1111 11 11pro~a n1tmt:., lm1udmy archllectural, electrica l. mechanical. anc structural systems : engineering reports: and :>crmane n: C e,1ifica 1:>s o f Occupancy, tc l he oxton1 now ava.-aolc; i0.6.4. A hst of ol lnclus1011s 10 bo conv,-.yed to Buyer, 10.6.5. Operati ng sta l emon1s Im the past _years: A 10.6.6. A rent roll accura te and correct to tho date of l hts Contr act. 10.6. I. I\U currenl leases. mc ludm g any amendmenls or otner rx::c u pa ncy agreements. pcnain ng to tile Proucrty (Leases), 10 ,6.8. A schedule of any l • ..,a n1 improvement work Se ller ts 00•1 gatcd to comple te but has not yot cnrnptP IOct :mrl r..:tp 1lal 11nprove man1 work eItner scheduled or rn process on the da:c of !his Contract 10.6.9 . All insu rance pol 1c1cs ocr\.il1ning 10 the Propeny and copos of any cla1rrs w hich hJvc been mode !01 thu p.:\S I 2 yoars : 10 .6.10. Soils repor ts. Surveys and eng,ncenng reports or aata pertaining lo ttlc P ropcn y 11! not dolt11tHed car1 1er under ~ 8 2), 10.6.11. Any ;ind all c>11stIng documemation and repon s regar mg Phase I and II env11onncntal ,~µt..rl s, tctt~1s, tust re~ulls, w.l vt!J0'11.n.,. dnr.l a1111iku documents 1espect1vc to tho cxis1cncP or no·1cx1sto.1ce of asbcsto<, PCB tmns:ormers. or o ther IOllrC nazardous or cor,lami nated substances. and/or •111dergroun d storage ta nks ana/or radon gas H no tcpons arc In Se ll er's possession U1 know1 1 tu S1:l!t:. St:l!er !>hall walTcm t tha1 nu such rcpons arc in Seller's pcssess1on or known to Sell er: 10 .6.12 . A ny Amencans with D1s1 ·'11/1tro s A :;t ,cpons, st udies or surveys concerning the complian:e of l he Property w th said A ct: 10 .6.13. All perrmts. licenses anc other building 01 use author1za 1tons rssuec1 bf an~ CHSJ-10-1 l CON TIV\l l TO BUY ANO SE LL Rf.4-1 ESTATE· Comm er cial 11.igt! 8of IS '6 J h!i':I t.,:,') ,10 "' t.'2 .. , .,, :,1 ·, sovemmental au lt "Jnty with JJrtsd1c:ti on over lhe PropOrt) nnd wntten rotrce o f an~• v10la1t0ns o f ant such pcrrrn ts hconsos 0 1 uso ,,ulnonzalions ,f any: ar'ld 10 .6.14 . Other Documents. 11 /a 10. 7. Due OHigonco Documents Condition s . Bu ye · shall have the ngtu to review and 001cct lo Duo 01hgcncc Oocumcn l s.zon:ng and any use res tnc t1ons 11noosed by any governmcn1a1 agency wit h 1unsd1ctJon over the Propr>r ty (7nn1no) in A11ym·s so1r. c;11h11u·.t wP. cl 1sc:1ehon . or Seller's fai lure to dohver to Buyer all Due 01hqcnc:e Oocunienl s Buyer shall also havo the un1tateral rig ht to w;11ve any cond 1hon herein 10.7.1. Due Olllgenco D ocuments Objection . Buyer shall h ave IM R,ght to Tc1m lna1e undor § 25 1, on or Defore Due Diligence Oocuments Objection Deadlloo (§ 3), bJsed on any un~dt1sft1 c lo ry ,natt er w1lh th o Due 0 1hge nce Documents . 1n B uye r's sate su bJeci1ve d ·scrction If, how evm Due 01hgc ncc Documents arn not 1um.:ly tl c hvcred under § 10 6. o r if Seller fa1!s 10 deliver al l Duo 0 1t1gunce Oo cumunls to Buyer . men Buy&r shall have lhe Righ t to Te11nina1 e un der§ ;,5 I on or bc lc,c lho oar ller l)f lcn days nltor Due Dlllgc ncc Documonts Objoctlon Deadlin e (§ 3) or Clos ing. 10 ,7.2 . Zo11i11g . Buye1 sha ll have the Rlqhl IC'I Tcrmin ale und !H § 25 1, on or tJttforlj Due Dlllgom.e Documents Objection Deadline (§ 3). based m, .i,y l1 nsa11sfa c1ory 1on1ng , •n Uuycr's solo suhJec11vc e11scret1on 10.8. Duo Olllgnnce -Environmental , ADA. Buye r shall have the nght to oNain environmen\dl mspcc11o ns ol the Property mcl ul l ing Phase I and Phase II Environmental Si te Assessments, as applicable D sellor ~Duyor 5hall ordc1 or provide ~ Phn,c I Envlro nn,onlal Sito A ssessment D Ph,:1::.c II Envlronmcntal Sito Assossmont (comphanl with ASTM ·1527-05 standard pract ices fo r Envuormental Sit e Asscssme nl s) and/or D n/;1 , at !he expense of D sellor ~Buye r (Env1ronm an1a l lnspcchcn ) In ad d1 t1ori Buyor may also conducl an ovaluJhon whether l hc Property cnmpl1es with the Amu11cans with Dis obi/i!JUS Act (ADA Evalunuon) All ~uc1, inspcc1io ns rmll n~l'.ll uil1 1ons shall br. co nduciud at such times as are rnutu:ilty ngrccablo to mmim,::c th e ml c rrupllon ol Sol lor's and any Seller 's tenan1s' business uses o f the Prop,.rty . 1f;m y f Buyer's Phase I Env1ronmc11tal Sito Assessment rocommends a Phase II Enviro nmental Site Assessment. the Envlronmuntal In s pection Objection De ad line (§ 3) shall be extended by _days (fatendcd Environmenta l Inspection Oo;cc11on Deadh1eJ and if such EKterdcd Enwonmental lnspec1 1on Ob1ect10n Deadline extends beyond tho Closing D al e (§ 3). l he C losino Dn10 (§ 3) c;h::tll :'IP. extPnded a like penod of 11mp Buyer shall have lhe Righi 10 Termina lc u1der § 25 .1, 011 o r before Envi ronmen tal Inspection Objection De a dlin e (§ 3), or ii applicable the Extended Env iro nmental lnspecuon ObJect1on Deadlin e based on any l1 nsat1stactory resu lts at tnvironmontal Inspecti on , 1n Buyers sole subJe ctlve d lscr c lion. Bu yer shall have tho R ighi to Te"TTI1 nate un der§ 25 .1, o n or before ADA Eva l uati o n O bJocllon Ocadllne (§ 3). based on any •. ns:ittsfactory ADA Ew,t uatmn. 1n Buyer's sole subjective d1scrot1on 10.9. Existin g Leases ; M o dification of Existing Leasos; N ew Leases . Selle· stJ les !hat 11one of I e Leases to be ass•gned to the Buyer a t the lime of Closing con 1a1n any ronl concession~. ronl rcducl!Ons or rent abHe1nur1 1s excuµt :ct~ llt.(..lusuU 11, tl1t: Li:ctsc or other w1 11i'1g re ceived bf Ouye r Sellor snalt 101 am!md , ttlt er , mod ify . extend or cancel any of the Leases nor shall Se!lor on 1er into any new leases affeccmg the Property w1thou1 :he prmr written consent o f Buyer. which consen: shall not be unreasonably withhold 01 delayed. 7.ll 11. TENANT ESTOPPEL STATEMENTS. 11.1. Tenont Estoppol Stnlomonts Condlllons. B uyer sh all hove tho ng ht 10 rov 1ow :ind ob1ec1 to any Estoppel Sta tements Se iter shall obtai n and tl eh \'er to Buyer on or befnre Tenant Es l oppel Statements Deadline (§ 3 1. statcmen1s In a forn and subsla,ce reaso nably acce:.Hable :o Buye r. from each occupant or tonan1 ct I e Propeny (Estoooel Stiitemf'nt ) att:1c hed to .i copy of such occupant's or ten ant's lease a nd a ny amendments (Lease) slating. 11 .1.1. I ne commencamenl date of the Leasa and sdiedu :en 1erm1n:u 1011 r1n1r> of Inf! I emm. 11 .1.2. Ttiat said t ease 1s 1n fu'1 force and effect anc that l hcre have been no subsequcnl m oc:1 1f1cat ions er ame ndments . Seller ; 11 .1.3. T ne amount DI cny advance rco lals patd , rent concessions g iven. an 1s no Jofaull under 1ho terms of sai d Lease by lan d lo rd or occupant. and 11 .1.6. That the Lease 10 which lhe Estoppcl 1s attached 1s a lwe. corrct:I ;mo complete copr ol 11e Lease demismg !he prcrrnscs 11 C1csc1ibes 11 .2 . Ten .i nt Estoppcl Stotc m on ts Objection . Buvor shall nave the Rignt 10 Terminate under § 25 1, en 0t before Te n ant Estopp al State m e nts Objec tion Oeadllne (§ 31 . based on ar unsat1sf.:ictory Esl oprel Slatemenl. 1n Buyer"s so le sJb;ective d1sc ·e11on Of 11 Se!•e, fa.ls lo del11or the Esloh : ::ilale 111cnts on or before Te n a nt Es loppel Statements Deadline (§ 3). Bu)•e r sha1I also have the umla te ral right to waive ~ny 1.11Sdh~f,n;tu1y E~to~µ~l Slah.!1 11c1H C8S3 • 10 11 CON TR.t..CT TO DUY AND SELi llFAL ESTA TE · Cummercrn l CLOSIN G PROVISIONS 12 . CLOSING DOCUMENTS , INSTRUCTIONS AND CLOSING. 12 1 Closing Oocumonts :md Clo sing Inform ati on . SPll ~r ;ind A11yp r shrtll r:nor?rrtlP with lhP Closing Company to enable the Closrog Co11pany !0 prepa·e and del1Ye 1 docum en ts requ ire d lor Closing '0 Buyer ,nd Soller and l h~•r doi;gncor. If Buyer 1s obtaining ;i new loa n to pu rc h ase the Properl y , Ou1or acknowledges Buyet's lend r shall be requ ired 10 ;irov1de lhe Closing CPmpany m a tim ely manne r all requi red I.J an documents and f1nan::1 al in forma tio n co ncern ing Ouyer'~ new loor1 Buyer ond Suller will rurnr::.h an y ocld111ono l 1nfa m1nl!On nnd documents requ ired b y Closing Co11p,rny lhat w ill be necessary l o complete 11 11s lran'3aCl ton B uye, and Se ll er ~ll d 1 ::.ryn c1 n U u.11 111ilt:h~ J 11 1..u :.lu 111dry u 1 1ea::.u 11.1by roqwred documen15 at or before Clos1r,g 12 .2. Closing l ,,structlon s. Bu yer an rJ Seller 8_9!,oe 'O execu1 the Colorad o Rea l Estate Comm1ss1on·~ Closing ln sIru c11ons S uct1 Closing lns1I ucII0 11s □Ar e ~re Not executed wnh 1t11s ConI racI Upon mu1u;it execution, D sollor 121Bu yc r sh,111 dcli•,e1 such Clos mg lns1ru c11ons tCl the Closing Compa1y 12 .3 . Closi ng. Oe11ve-y of joed from Seller to Buyer !'i hall bo at closing (Closing ) Closing shall be ::in l he dattl spec1!1ed as !he Closing Date (§ 3) 01 by mutual ag ,eemen1 at an ea rl ier d.itc The hov1 and µl;;1cc ol Closmg !'i h al be as d es ,gna:ed by MUTUAL A GREEMENT 12.4. fJ !sclosure of Se ttlement Costs. B uyer and Seller acknowledge that costs. q ualIIy . t1 nj ex l unt of serv ce Yary bur-.o,~cn d1 flcrcnI se ltlc mo111 service proY1ders (e g . att orneys, lenders . inspectors and ltlle compan11:,;) 13 . TRA NSFER OF TITLE. Su t'-jcct lo tondcr o· p<1y 111ent at Ct:,s1ng as requirod he,0111 and comphanco b y 'J Buyer w11 1 the ollic, te rms and proVl';1ons hereof, So ll er stiall execute anCI dcllvo, a good .1 nd sufi1c:1ent SPECI A L WAnRA NTY deed 10 Du ye r . at Clo:-.1119 , conveymq the Propert y rrt.'t! and cl ear ol a ll t.ixc~ cxcepl the general tc1>es for lhe ye;:u ol Clo~1ng E)l cepl as provided herein , !I lle shall bo :onveye d free and clear of all II ens. mclJd 1ng any gove•nrnental lie ns !or sµecIctt u11pru.,.liI I11::11lt:, 111::.tallt!ll dt:, of II IU tJ..i ll::! u! Buyu1 't:, ::.1y11dl urt: hereon, whether a~sessed or 101. Title sh.ill be co nveyed subject to : 13.1 . I hose spec1l 1c E.xcep11o ns descr1tied by ,eleronce tc reccrcled c1oc u n1eni s as re flec1ed In t11e •,o Title Document s acccpled by Buyer 1n nccorcance will , Rec ord Titlo Ma tter s (98 1 ). 13 .2. D1stnt,ul1on utll1I'/ easements (mcl ud1n g cable TV), ,,,. :,t., !:,t,1 13 ,3. Th ose spec 1ficall v describe d nghls of third part ies not s how n by the public records or wt·,ch Buyer has actual krowle:lge and whic h were accepted by Buyer rn accordance ~-..,1h Off-Record Title Matters (§ 8 2) and Currenl Survey Revi ew (§ Q) 13 .4 . Incl u sion of tho P1oporty w thi n :my special la xi ng d istncl, nnd 13.5. Other :.::"l..:;•'------------------------ 14. PAYMENT OF ENCU~.16RANCES . Any oncunbrar·Le rt:qulft!ll lu Ut: pa11J t:,11...i ll lit.' 1,M1d ,ti u1 Ut:furt Clost ng horn tho prococU~ o l ·h is tiansa.:1I0 11 or r,crn any other so.1rce 15. CLOSING COSTS , CLOSING FEE , ASSOCIATION FEES AND TAXE S. 15. t . Closing Costs. Buyer and Se lle, shall p t1 y , 1n Good F unds. the ir r:1spe ct1Ye closing costs and ~'.:~~ all o:her rems reauued to be paid at Ct osmg, e)IC 0 Jl as oth erw1se p10 Y1d od hcroir 15.2 Closing Services Foo . The foe for re ,1I esta te c losng seNIces shall be oa1d at Closing by 1:. □ Buyor O Sollor O One -Half by Bliyer and One -Ha ll by Se ller :l•)~ □ Olhe r :.::"/..:;•'---------------------- L'l h IJ 11.'J 15.3. Sln tu::. Lutte, ,Hid 'fraus ft;r Fe es . A n y tees Inci den t 10 !he ,ssu a nce of Assoc,at•on 's stalcmc r-· af assessment':. (Status Loller) sha11 be pa1ct by D euycrS c llcr D one-Ha lf by Buyer a nd One-H a ll by Se ller □No n e Any transtor 1ees assessed by the Assoc1r\l Icn inciuo ,ng, Oul no! 11mi1r>d 10, any record cha ng e fee, 18Jardless of name 01 lllle of such lee (Assom1t1 Jn'.:;, i rnn sfcr Fee} snail b e paid by Buyer [] So ller D 0 /"lf.'•H alf b y Bu)'C f and One-Hillf by Se ller □None 15.4 l ocal Trans fe r Tax . D Th e L ocal Trnnsfor Tax of nl a % o f the Purct-ase Pnce shnl DC ~aid ;)1 Glosmg by D Buyer D So ller O One-Half by Buye r and One-H a ll by Se ller. D Nonc 15.5 Privato Trnns for Foo . Priva te 1ram.lor loos an :t other fee'So du o 10 a I1;msfPr cf !hf' Propert y payable ai Closing . such ,,s co mmunity assoc1a110 11 fees , dcwelopcr lees a nd foundat 1cn fees , sh:111 be paid at Closing by D euy er □Se ll er D one-H alf by Buyer and Onc-Hnlf by S ol le r □Non e 15 .6 . Sa tes and Use Tilx . Any sa les and use tax that may accrue b1;:ca use of lh1 s uansar::::t o n sr ial be r:a1 d 'llnen due by D Buyer D So l ler D On c•Ha lf by Buyer a nd On e-H ..i U by Su l lo, D N one 16. PRORATIO NS The following shall be proratec to Clo s ing Date (~ 3). e<cepl as 01 hen"1se p ro Y1dea · 16 .1. Ta ltos . Ptrsonal property ta).es 11 any, specia l ta)l Ing d 1stric1 :isse ss me:it s. ii ony, and general real esl at~ taltes fo1 th e (Carol Closin fj. oasecl on D Tax es fo r !he Cale nd ar Yoar Immediately Pre ceding CH'; l 10• l ! CONTRA CT TO RUY AND SEL L RE 1\l ES T AT::'. Comm~rcml CB SJ 10-11 Closing ~ Mosl Rocont MIii L ovy ;md Most Recent A ssossod V.Jluallon . acJusted oy any apphcablC qualifying seniors p1oper1y lax oxempl on , or D Other nl a 16 .2. Rents Ron1 s base 1l on D Renls Ac"'1 ""u a_l_ly_R_e_co-l -•c-d~□=A-,-cr-u-ed-.-A-, -c-,o-si-ng-.-S-,-lle-, sha tl tra11 sfor a· credit to Buyc, ttic sec u ri ty dopas its fa, all Le ases assign9d , 01 any rema inder c1 f:c1 lawiul de du ctions , and nnlify all 1enants in writing of such transfe r and of lhe trn ns rom e's name and addross Solle r shall ass ign to Buye r a!I Leases 1n effor.1 ::.1 Closing ;tnd Buyer sha11 assume Seller's ooligat1ons under such Le ases . 16 .J . Association Assessments . Cur·ent regular Association assessments and dues {Associa110n /\ccos~monlt.) oa1u in ad\'Jnce shat be ct editod to Sel!m ill Clo-;;1no Cilsh reserves hold out ol tho rngu1.ir Asso cia11o n l\ssessments lor doloued ma 1nt0Mnce by lho Assoc 1a1ton shall not be credited 10 Soller ex cept as may be o!ht..rwise provided by lhc Covcm1ng Documents Buyer .icknowledgcs 1h31 Buyer may be obhgated to p.iy .ho fi.SSO(,a llon , at Clf>s ing . an amount for rcscr11es or workmg capita l. Any special asses sment assessed p;1or to Closing t)alU i§ J) :i, l he As~oc , .. 111un shall bo the ob ligi71t ion of O euyer DScllor C11ccpt however. uny '->t,8'1-:i,d asscss11cnt by the Assc c1ati11n for im provemonts that have be en installed as o f the da te of Buyer's '1\)113 \ re hereon , whe ther as sesse d prior 10 or after Closil ,y, sl 1i.1 ll be ll 1t! ubl ga tion llf Se1le, Se iter rep resents !hRI , J A!tsoc 1c.1 t1on Assessment s arc currenlly oay.iblc ot $ __ 11l_o _ pet 11 /a • and tha t ttl cro aro no u,p:.1d reg ulilr or special ossossmenls ngmnsl th o Propo/'1y o,c co p1 tho cu rrent regu lar as~essmenL and t1!a C::.11cr assessments are subJoct to ch.inge ;is pro11ided 1n the Governing Docu ments. Seller ogroes to prom ptly req ,rnst th e Assocmbon 10 de h·,or to Buy i!r before Closing D ate(~ 3) a curr ent Slalus Leiter 1G.4 . Othor Proratlons. Wate r and sewe1 chargo s, interest on con linulng toan. and n /a 16 .5. Fin;il Soltlomont. Unless otherwise agreed tn wn1n 1g, these prormlons shall be final 17 . POSSESSION . Possession of l'ic P1opo/'1y shall be cte hvcmd lo Buyor on Po ssoss ion Dato (§ 3) al Possession Tlmn (§ 3). subjcc1 to tho lollowmg Lenses or 1cna11c1os . nl a II Seller, afh.:r Clo:-;ing , fa •I:; to deli11c r po:;~c:.:.ion a~ :;pe c1f1 od. Soller shall be sub1cct to ov 1cl1on and shall be aC1d1t1onaUy liable to Bu yer for paymen t ol $ n/,1 per day {or any pa rt of a day no1w1th sland10g § 18 1) 1rom Pos sess ion Dato and Posso1islon Tl111e (§ 3) un!d possess ion is del,11ered GENERAL PROVISIONS 18. DAY; COMPUTATION OF PERIOD OF DAYS , DEADLIN E 18.1 Day . As use d In thtc. C':n n1i:ict , the terni ·day• shall mean th e enhre day ending at 11•59 pm . Uni ted Stat es Mounta n Tlrno (S:and<lld or Day I gh1 Sa11ings as a ppllc..ible ) 18 .2 . Computa11on o f Porlod of Days , Oo:t dlin9. lri r.n111n111mo :1 pr.nae al days , when tnc endrng date is net spet1 f1 ec , th e fi 1st day 1s o,cciud od and the last day 1s Included, e g , lh,ee days after MEC If ;my deadline falls on a Saturda y, Sund ay or fodcro l or ColorDdo :;l.7\C hol1d.Jy (Holiday ). such deadhno 181 Sh all O Sh.ill Not be e.dcnded to me nexl day 1ha1 1s not c1 S.ilurday Sunday or Holiday . Should ne 11her bo..: be checked , the dttaOl ifltt Shdll IOI th: l!Ale nded 19. C AUSES Of LOSS, INSURANCE; CONDITION OF , DAMAGE TO PROPERTY AND INCLUSIONS ANO WALK-THROUGH . EK cepl as Olhcrwis o prov ided Ill lhlS Contract, the Pr oper1y , Inclusions or both shall be deh 11ored in 1t1e co nd111 on eK1s11ng as ol Lie date of tn1s Conuact. ordi nary wea r and tuar uxGOptod, 19.1. Causos of Loss, lmrnranco . In the 011en < the Propeny or In cl usions a1e damagod .. fi re, ol her penis or causes of loss pnor to Closmg 11 an amm.nt 01 not more man ten porcen1 of th e 1ota 1 Purcnase r->r lcc (P ropo fly Dama go ), Seller shall be Obliga ted to repa ir tile same before Closlng Date (~ 1) In lhe oven t such damage 1s not repaired v .. ithin sai d hmc ~, 11 1ne damage excoods suc h sum this Con1·acl may be 1erm 1na1ee1 al the op1 1o r of Buye r Buyer shall ha\C-lhe Right to l ermma tc under§ 25 1, or or before Closi ng Date 1§ 3). ba s<.>d on a,y Pro perty Damage not rcpai rod befor e Closin g Date (§ 3). Shou.d Bwer e'ccl to cm ,y oul this Con tra c1 de::;pite such Pro pert y Damage, Ouyor sw:111 be cnlitlod lo a cred 1! al Closi ng lor a11 Insurance proceeds that were rr.co1vcd by SoUor (but no1 the Assooauon, 11 any) resu ~ir.g ham sucn damage to tho Pmperty and Inc lus ion s, p'us the ~m cmri l of ;tny r!mlt1r:l 1hle nrov 11lcrt Im 111 suet, insurance oo1iq•. Such cred it shall nol oxceod the Pur chase Pri ce In !he c11en t Sell"?r ha s not received such in surance proceeds ptior to Closlng , the parties m.iy agree to uxtorid th!! C losing D ato(§ 3) or . at tho op hcm of Buye r. Seier shalt As si gn surh prococds Al Clo5ing, p\us cred it Buyer me am cunt of any deduc!iblc pr0\'1dcd fo rm such insurance policy , but not to e>.cccd th e tcta1 Purchase Puce. 19.2. Dam age, lncluslons and Sorvices. Should any !nclus,on or service (mclud1ng ut1 hhes and cornrnunic.a 110n sen.ices), sys te ms .ind compo nen1::i al th o P1 opcr1y , o g , hoa11r.g or plJmt11ng, fail or be d.Jmag ed bot v..een ·he date of this Conl1a c1 and Closing or poss es sion. whichc11er sha11 be cart1cr, lhcn Seller '.>hall be habtc for the repair er rep lacement uf :,uch lnclus1011 , ~rvicc, system, component or fix ture 01 the Prope rl y wtlh o unit of stm .l.ir size, age and quahty , 01 an equivale nt cred11. bu t only to th e ex l ent tr.at th e maintenance or rep tacemen1 of suer Inclu sion, se, 1cc. system, compone nt or fiKture Is not ihe responsibllily 01 !111:: A:,~ui.;ldtsun , 11 ,my, le:,:, dn / ins urance proceeds re cerved by Buye r coverinA such repair or ,epk1conien1 Selle r and e •Jyer are awa re of the CON l'RACT 1 0 RUY AND SELi. RFA L ESTATE· C'ommercrn.t P~gc 11 of I ~ IM ef'n nlH!CI\Cnm O:Ol::!C IM SOfi\Ooa rf'luqJ \10 0 CIIS )-10 -11 ex1s 1enca c pre-ow ned home w ar ranty p1ograms 1hal may he purchasea and m ay cover !ho rtlpmr o r replacement ul such lnciusions. 19 .3. Condemnation . In ltlc eve11 t Sell er receives actual notice pnor lo Clo•J mg !hat a pen ding condomnatt on act ion may result in a lakin g o f all or par! ol lhc Property or Inclusions. Seller s hall p rompUy noti fy Buve r. 1r wnting, of such condemnation action Buyer shall hri ve the Right to Temunatc under § 25 1, o n or before Closing Date (§ 3), based o n suc h conde,,na llon acti on 1n Buye r's sole subjective d1sc1e l 1on Should B11y er elect to con~ummate l hi s Con tract d os pila such diminution o f value to the Proporty a nd Incl 1<;1ons, Buye r shall he enlltled l :i a credit at Closing for all -:on cl omnntlon proceeds aw arded to Sello , fo r the d1m1nution in l he va1ue of lhe Property o r l nchJ,;ions but such cre dit shall no1 indud e relocati on benefits , or expen ses. or e xceed l he Pi.Jrch ase Pr ice 19 .4. Walk-Through a nd Vorlfi ca ll on o f Condilion. Buyer, upon reasonable nouco, sha ll have !he righ t 10 wnlk !hro uoh the Pro1,e ro ,' r ,1r tn r .tn,:;1ng :n vm1ly th at t·1e physical condition of the P ro1Je rt y a nd Inclusions com ol 1cs wi th !111s Cor,tru i:l 20 . RECOMMEND.ti TION O F LEGAL ANO TAX C OUNSEL. By siy 11 1r1y llus docu m enL Buyer a ucl Sclti::1 acknowl ed ge u·a t the reapec:1ve bi cker has advis ed that this ctocu m o nl has 1m pol'Ul nl leg al conse quen ces and ha s rccornmendod the examination ol lille and consull ahon with loQ.i l and uix or other co unsel befo re sigmng this Contra ct. 21. TIME OF ESSENCE, OEFAUL T ANO REMEDIES. Time 1s o f l hc c s~c n ce hereof II nny note or chock receive d as Earnest Money hereunde r or any othor paym c ni cl ue horounder ,s nol pa d , honored or tendered w hen du e , or tf any ob1igm ion hereu nder is not pe rform ed or w c11ved as herein provided , th e·e shall be 'he fo llow ng re m edies · 21 .1. If Buyer i s in Oofavlt : ~ 21 .1. 1. S pec:ific Performnn cc. So ll er ma y o1oct lo trc.:>t lh1:; Co nu.:i c1 a!: co ncolc d . i r. which case all Earnest ",o ney (whether o r not paid by Buyer) shall be paid lo Seller and rcla 1nod by Seller , a nd Sellci rray rocove r such da mages as may be proper: or Sel ler m ay olect to tre at !h is Contra ct .is bemo n fu ll force ;md effect and Seller shall Mv e the r1g tit to spcci (1 c pcdor,na nce or damages, or bol h. 21 .1.2 . Liquidated Damages, Applicable. This§ 21 .1.2 shall apply unles s the boll in§ 21.1 .1. Is choc:kod. All Ea rnes l M oney (whether or not paid by Buyer) shall be paid 10 $Pli er, ~nr1 ·e1,=11 nA:1 by SP.llr.r Both parties shall th cro.itte1 be released fro m a ll o o!igat1cns hereund er. II 1s ag reed that the Ea mes! Money specified 1:i § 4 , 1 cs U OUIDATED DAMAG ES , an d not a penalty , w h1cr nrnoun t the par1 ie s agree 1s la,, and reason able and (except as pro vided in§§ 10 .4 . 22 . lJ J nd 24}, sai d pa~•;nent c,11:::a rnest Money sna n be SELLER'S SO L =. AN O ONLY REM EDY for Buyer's fail u re :o perlorn lhc o bli gati ons or thi s Contract. Seller expressly wa ives tho rPmrd,es of spcr.1 f1r. 1 drfo1mance and addi 1on a1 damages 2 1.2 . If Sell-1t r is In Default: Ou~·e r ma~ elect 10 tre<>: this Contract a s canceled. m which c a se all Earnest Money received hereunder shall be ret urned and B uye r may recover such da mages as rnay b e proper, or Bu ye r may elect 10 n ea t m ,s Con llHt::t a~ l.lei 119 ,n full fun ... t:: aml t:ffct..1 dnLI Buyer shall hove the nght to specific pertormance or damages. or both 22 . LEGAL FEES. COST AND EXPENSES. Anything to the contra ry here in no tw 11hs\and 1ng, in the event a l a,y a rb1:rat1 on ur htiga1 1on re at1ng to lhis Contracl , pr ior tc or after Closing Dale (§ 3), the a rb,trato, o r court shall a:-1ard tc tne p revalhng party oll re asonnb le cost$ and cxrcmics, including 3ttorncy fo e:;, legnl feoa and 01C pom;es 23. MEDIATION . If a di sp ute a11ses rc!a 11 ng lo this Contract, prior to or a fter Closing, and 1s not resolve d , thu p:1rt 1c s shall fi rst procuod in good faith to su bmit 11e matter 10 med 'al!On . Me diation :c : ,,rocess in w hich the partie s rice\ w1 lh an Impartial .,erscn wh o 1clps lo rcsol\'e the dispu te informally and r.on ri dent1all y M cct1at ors e.1 n no 11m poso b inding doc1s1o r -.. Tho part cs 10 the dispu te m ust agree, in wril1n9 , hr>fnrn ~n y !-P.lllmnr>nt •~ b1n d 1ng T he parties >A 1!1 jomtly ~,~:--,om t a n ilcccptable mod1a 101 and wi1 share equall y 1n the cost ol i uch med i.:il!on . Tno m ed1ilt1o n. uriless 0U,."'?rw1se agreed . shat, tenninate in the event the e ntire C1 1spu1c 1s not resolved v.1!h1n thirly days of l he da te wri tt en nolice requesti ng mcdlat1 on 1s dohvcre::i by one party to the oth er a t the pe1 1 y's last known ad dress This section shall not alter any date 1n tms C ontract, un .ess otherwise agreed . 24 . EARNEST M O NE Y DISPUTE. Except as o th er.-.•lse provided herein . Earr.est Mo ney Holder shall · :lease th e Earn est Mency as d irect ed by vmtton mutu al instructions , s g nod by bo \t, Buyer and Seller In the e ven! ol a ny controversy regard1 1g m e l:.a rnesi Money 1notwitt'standlng any te nn lna tion o l tt 1is Co11l n.1 cl). Ear11es1 M oney Ho lder shall nol be ,e~uued to take an> action Earnest M oney Hold er, ill 11s option and sole su bjective discreti on, may ( 1) f't wa 11 ;my p roceed 1no . (2) interplead all p;ulie~ and depos11 Earnest Money in to a courl or competent juri sd1clion and sha ll racove, court cosls an d reasonable attorney and legal fees. or (3 ) provide nouce lo Buyer and Se ller Iha! unless Eames! M anny Holdor rece ives a copy of Ille Summons and Com plaint or C lai m (be tw ee n Buyer and Sc!ler) cont aining 1110 1,;c:.1:,;1;: numl>1.::r uf tho ,~ .. -s uit (l aws uit) w ith111 one hundred twen ty doys of Earnc3l Money Holder's notice 10 the pames. Earnest Money Holder shall be authori zed to re l um the Earnest Mo1 ey to Buyer In the event Earnest M onev Holder does 1eceive a c::,ov of the LawsU1l. and has not 1nterole d the monies al !he time CONT RACT TO BUY AN O SELi . REAL ES TATE -Commrr ci;il P:igt· 11 uf IS 111 1, o r any Order. Earresl Money Holder ~tw ll disburse l h c Earnest M oney pursuant !o the Crdcr o l the Court The pa1"1 Ies rea lfi r'Tl the obhgat1on of Mediation (§ 23) The prcvIs1ons of this§ 24 appty only 1r the Eames\ Money Holder 1s o ne of the B rokcrago Fu ms named In § 33 or§ J ~ "n o,,' OU , f/lll , 1Iv · 25 . TERMINATION. ,,, ;Ut ·. ,1 11 : 111 •, 25.1. R ight to Terminate-. 11 ii p;1,t1 has a 11gh1 to te n mnttl(', as :->rov1dc>d 111 I,'" -:. C,·nIrnct (R1g tt lo Tenmna:o). the term1nauon sh all b e c ffec:1..,u upon :'1e oth , pa rt y's meet 1 of o w111tw, r ·•·c e to terminate (Nohce to Tcrm r10 teJ, prov1der.l such w rI11cr, nohco wr . •>4 •.i -..~don or bcfo1t' the opph::.1b1o dc :sdlino ~f'Jcc1ficd 1n th1~ Contract If the N ohce to Tc11 rn nmc ,s nor rece:rvrd or, o r before !h r. soeohecl dead l1 n 1:. tt ,.:1 ll~'l1l11 w ith th~ R ighi tc l tmH 1na:e sll:1ll ll,1ve (tt;(;~µted ttIe sµea fi rn.J in,,11.,.=1 , l..locu1ni:111 or 1.:0·1dit1011 .i• ~ 1\1,;factur~ c1111J wu1vvd t'1c R ighi to l err111na1c undc, suc h prov,sI011 25 .2 . Effect ol Tormtnntion. In UH.: event ,•11s Contract Is terr mnawd. atl t ;.1:ncs 1 Mo 1oy 1eco1v0':l h ereunder shall be returned and the panics shall h• :1 evcd of R!I ot1!1ga1 1vn s l1eicu11der , sul>JiJCl to§§ 10 4 , 22, 2:1 and 2<1 26. ENTIRE AGREEMENT , MODIFIC ATI ON , £..JRVIVA ..... fhrs Contract. · axh 1ti1ts and spec1f1 ed dcldonda. c-.ons ht ul ':! lhr. enlIre ;iyreemen \ octwcen the pan.es relating to lho sul>JCC' he 1t:10I, ancl any pnor agreerrent s pert..11n ing th ereto. wh ether oral 0 1 wn\len. have beon me ,ged an d UllCIJ •led mlo th ,s Contract N o suosenue 'l! rnod1f1ca11on o l .iny ol tho terms ol this Contr::i cl sh oll be \/2 hd , t>111d1ng upon the p an,es . or enforceaole unlpo.,:; rnad1: 111 w1 I1mg <mcl signed oy tho panIes Any oh hprJtton in lh1s Con1rac:1 Iha\. by rts lercns , is intended to be performed oh1r 1crmInot1on c;r Closing ~hotl ::;urviv<. :. ',.'.lmc . 1'•,,·, t : , 27 . NOTICE, DELIVERY, ANO Ct'IO ICE OF L AW. 27 ."I. Phys ical Oolivory . All noti ces mu st be In wnting , excel)! as p,m1rJcd 1n § 27 .2 Any cl ocurnent. including a signed docwnenl o r notice . from or on oenalf of Seller. and oellverej lo Buye, snan be e tlec1 1vc w'len phy~1cally rcccivcC by Buyer, any sI9n,110 1y on behalf o f B uyor . (lny namoj 1nd1v1dual cl Buyo 1. any represcn:.1t1 ve of 8uye1 o r 6 roktm1ge Fi rm of Broker work ing w1 tt1 Buyer (ex cept for dCII\Cry , alter C losmg, of the no11c3 requestmg rn ed1atIon dcscnt,cd In § 23) a nd except a s pro,ided In § 27 2 Any Co cumen l , 1nc!ud1ng a signed doc'J m en1 or n:"lhCC. h orn or on beh alt ol Buym . and deliveied 10 Se ll er sha ll be effective wh en phys1call ~ received by Se ller , any s1Qnatory on behalf o f Sell er, any named 1nd1vidual of Seller . any 1cpreson1atM~ ol Seller, or Brokerage Firm o f Brok.e r workin g with Soll er {except for dcli\'ery . ;ifter Clo:;1119. ol thc notice rm:u eslIny rn ed1a1io r cte~rihr.,rf m § n) nnn rn1 r 1>pl M r rovirlf"rl in§ 27 2 27 .2 . Elocironi c Delivery. As an a1terna11vr to physical dehve ,y, any document, 1n c!Ld1ng any signed documont or wril\on notice may bo dolivorod In olactron ic. fo rm only by tho followir,9 indica ted motl·ods · D Facsimile D E-mail ~ Internet O No E l ectron ic D elivery . If tr1c oox "No E lecl ronic D elivery· is 1.hu:;l,.e d this§ 27 2 shc1tl not be ap p hCrlble and§ 2 7 1 shall go ... ern ,otic.... and do!li11!!ry Documen ts w ith o r1 g 1nal siy r utures $hall be provided upon 1eques t of an y oarly . 27 .3 . C hoice o l Law. Tt11s Co·mac1 and all disputes ans!ng ne1 eunder snaH be governed~)' and construed 1n c1 cc ordance w Itn tho laws of the Stam o f Colorr1 do th~t would be ::;µplicable to Colorado res dents who sign a con:ract 1r1 Coloraco for 1,1rope11y located 1n Colorado 28. NOTICE OF ACC EPT AN CE, COU ~•~:.,":TS . This propo5a l shall o.<pire unless nc::opted In rm tIng. b) Buye r anc Seller, as evidenc ed by tt1c1r sior ::~ b e1ow, and t,e otiennc oanv rece ives nouce of su ch acceptance pJrsuant 10 § 2i on or before A cc eptance Oea dllne D:itc (§ 3) a1d Acceptance D eadline Time (§ :l) If c1 crfl p!.>rl th is rlnrumont st1n ll bP.rnmn n r.11n1mct hAlwAnn ~nllnr n rrl Ru y r A r.ory n f ·hi,; clnr.l 1mP11I m-iy be e>r.ccu ,od by each party. separately and w hen each party t·1a s e11.ecuted a copy thereof. &uch copies l aken togothcr !:h,11 bo docmod 10 be .:i fu ll .:in d comploto contra ct bf:lween the parties 29. GOOD FAITlt . Buyer ond !Jcllcr acl 1owledge !hfl! uuch par,y has a, o bl1gahon to ac t mgood fai1 h. 1n c lud1ng bul 1101 l,m1ted to exe rcising lh c nghts ar,d cbhga11o ns set forth 111 the p rov1sIon5 of F lnanc i ng Con d lUons and Obligations (§ 5). Rucord Thi e and Off •R ocord T1 Ua M atton>(§ fl), Current Su rvey Ro\/iow (§ 9) ~nd Property D iscl osur e , In s p ection , lndemnily, ln s u rabi l ity a n d Ouu Diligence(§ 10) I ADDITIO NAL PR OVIS IONS AND ATTACHMENTS I JO. A DDITIONAL PROVISIONS. (T h e lollO'.\Lng ~dd111on::i t prov1r.io ns hJVC nol oaon approved by !he Colorado Real E state Con11ms:.;1on ) ,'\. Th i s is ,1 C A SII OFFER wi th 11 0 Loan Conditions . B . Property s 11a ll b e purc h ased "AS 15 WHERE 1s ··. Afl w <1 rran1,es , c .rprcsscu or implied, i11 c l uding fitn ess for purpose of 11 s1. Me hereby w ,,ivc d b y b uyer l.USJ· IV• I I l (1 1,1 I K;\l. I I O HU\ A f".'U ::,1:LL Kl A L t::, I A 11: · ( mmnt'mal ,, ' llJ'-.' Lfi~• I ;.r,1 111 .. 1 ll••'., 1:11f l!C11 l ,!J 'I !!If, li!l l !I' 1,,. C. Th C! City o f Englew ood shall impo se a deed r C!s tric tion 011 th e p r o perty th at wlll require th e nuyer to mai nrain the h is torica l stru cture for a m i mmum of 30 y ears from th e date o f purc hase D. Th e B11y cr shiJII rc h ,1bi11ta te ril e hls rom: clemen t s of th e s tru ctu re according ro th C! Sc c,et ar~• of t/1•~ l tlteri o, ·s Srand.irds for Ref1Jbililation. E. The B 11 yer will provide tho Cl/y o f E:·19/cw o od w ith the R,g llt o f First l ?c fu sa l, in tl1e rvc n l the Buyer s ubsequ efl tly s ells rile p r o1>offy within 5 year s fr om lf,e date of p1u c hase. F f he Ci;y s h,1 /1 n ot furnis /1 firlP. In surance . B uyer shall b e r es p on si ble for the c o s t and purch ase of .i Sp cciril Wmranty Doe cl ;i s .19 ,c cd upon in P;iragrapt, #1 3 above. B uyer m ~y elec t 10 r eceiv e a 011it Cl;1 im D PPrl 1,1 liP 11 nf ;1 .~f1 Pr:i:tl W ,1rra11 ty Deed no ll'sS tl 1a 11 10 d ,'Jys b e fore c l ose ,comnwnicated i n wriling to rh c Ci ry,I and th e Mayor shall rec ord llw c.Jt1e d 11pot1 cot1 1i1m 1119 rt,al rlie Ciry h,,s rflceiv od l ull fund s for 1/1(' p 11rc h ,1s(' G . B1 1yor s lJ.11/ execu te a11y o tlw r do cum ellts 11c r.<'ss r1r y 10 con s,r,u m ;i l P. th e s;i/p a ,; prnv,derl llcre111 afier and upo n car1 s11lt a ua11 uf Buyer's legal c o1111 s el . 31. ATTAC HMENT S . The lcl lo w1ng :ire 3 part of this C:>n t -3C I 11/,1 No t e : rho to ll ow1ng d 1:;clo:;urc fo rms .Jrc nttnchod bu l c1 ,o n o a pun o l l h s Contra c t 11 /a SIG NATU~ __________ Dm,, ~3_11~9~!?~0_1_7_ ~~?i 8uye , JEFFERY BARKEH Pho r c Electro nic Add 1ess >ilt21:::l .. t ·nt ES a ~ K6 7;_ ______________________ Da te. 311912012 Buyer. SHARLENE BARKER Ad d101:.s Phorie; Elec1ro n1c Address Fax [NOTE : If th is offer Is bein g countered or rej ec ted , do not sig n t hi s docume nt. Rcfor to §31) Date Se ller CITY OF ENGLEWO OD , .lCO LORADO M11'1iC iµa l Corp arn lio n By : RANDY PENN Ad t1rcss P ho ri e· Etcc1ro n1c Add ress 32 . COU NTE R; REJE CTION . r rus olfe , 1s D Counte re d D Rejected Init ia ls onl y of part y (B u1e r 0 1 S eller) w~10 co unter ed o r rejec tod offe1 CITY OF ENGLEWOO D, .i COLORADO Municipa l Cor p ora t1 on B y: RANDY PENN !END OF CO NTRA CT TO BU Y ANO SEL L RE AL ESTA TE) t.:B SJ-10-l I CO NTllA CT TO DU Y AND SEI .L KEA L ES T,\ TE Co rnml·rcui l Page 14 of Ii 33 . BROKER 'S ACK NOW L ED GMEN TS AND COM PEPI SA TION DI SCLOSURE . (To be completed by Broker .... ork 1ng wl!h Buye r ) s ,o~e, ~ Don, D Docs Not acknowledge rc cc ,p1 or Earnesl tA onc,-deposu and, wh 11e not a part y 10 tr1e Conl r.:>cl , ogrcf.. .. to Cl.opor.:itc upon roqucsl with ;:iny m od,:il K>n concl uded under § 23 Broke, .lgrcc!'; 11,.11 11 Brol:eragc Firm ,s Pie Earnes t Money Holder and, c.11cc:i1 as provided m § 24. ,f the Eurnesi Money hJ s not already been ,etu rned fo!IOwrng reoorot of a Notice 10 T erm1na1e a, oth er wnten n otice of 1e11nena1 1on, Carne st Morey Holder shalt re'ease the Earne$t Money as d irected by th e wnuen mutual ins1rucl1ons Such re lease or Earnt!~I f,1 oncy sh·. JI:! 111,n.Jc w1tlu11 fr.-t: lkty:, o f Ear111;!:.I M urlt:)' Hok.l er':, •~Cl!1µ1 o f Ille CXL"CUICtJ w ri HCII IIIUludl Ins1ruchons, prov,deo tnc Earne st Mone( chock has cleared Broker 1.1grees tha1 11 Eames1 Mon ey Holder 1:. otllcr toan the l:irokcragc l·1rm 1dent1flea In § J3 or§ 34 . Closing Irstruc11ons sIgrea by Buyer , senor. <ind t:arnc s1 Money H:ilde1 must be obt;uned on or befo re delivery of Ei.lrnes\ Money lo Earnest Mo,ey Holder Uro t er is wor~mq v.1 th Duyer as a ~ Buye r 's Agen t O Seller 's Ago nt D Transact lon-Brokor In 1h1s 1ranc.actIon [I This 1s a Change of Status . Broi..erage 1:unl°s compMSil11011 or com mIss10n 1s to be p.'.l1d by O Listing Brokor :i ge F i rm ~Duyer [] Other n /a Bro!<e rage 1--irm's N :1mc Home Rell/ Es tate __ <5 _____ -_-_·-__________________ Da lc J/19120 12 Bro,.u1 ·~ Ne1 11Ic B ev M.i cs Add ress 13 111 E. B narwood Ava. Ce:n len ma l, CO 80 11 2 Pn ; 303-858-8100 Fax · 303-858-Bi 1'J Em ail bevm;ics@.gmRil.com 3 4 . B ROKER 'S ACKNOWLE DGMENTS ANO COMPE NS ATION DISC LOSUR E (To ':.)C complctod by Brake• rking w ith Seller) Bro ker D Ooos D Docs Not acknowl edge receipt of Earnest Money denos1 I specified In § 4.1 a nd. wh ile not a parl '.t lo the Con1 1act. ag,ee s 1:i cooperate upon re-Jues1 w1!h any med ia tion concluded under § 23 61 01-.e r ag re e!"> 1hn1 1f Broke r,1;0 Fmn Is the Earn esl Mo 1,ey Holde· and, CKCC pl as pror1ded in§ 24 , 11 th o E.irnest Mor,ey has not alr eady been re turned lol!o win~ 1cccip1 ol a Notice to Torirnnate 01 o:her wrluen notice ol tcumnatIo n, Ea rnesl Money Holder shall release me F arnes1 Money as d.rected t,y tne wn11en mu1ua1 msl rucl!Ons Such release of t::arnes1 Mone/ sha I oe made w Itnm hve days 0 1 t amest Money Holders rece ipt 01 tne e xecu1eo wn11en mutual 1ns 1ructro1s , provided the Ea rn est Money check has cleare d Broker agrolls mat :' Ec:irnest Money Holder Is olher than the Brokerage Firm 1dent rie d In § :!2 or§ 33 , Clos ng lr ·s1ruct1ons signed by Buyer. Seller, and Earnest Money Holder must be o:>lrHn ed o n or bcfo1e delivery ot Earnesl Money 10 Earnest Money Halder Broll:er 1s working wI1t1 the Se !1 er ~H, "C Selter ·s Agent D Buyer's Age nt O Tran sac tion-B roker 1n thi s transac tion D Thi~ 1s a Change o l Status Oro kerage Firm s compens;111o n or comm1ss10n 1s to be paid by O Sol ler D Buye r D Othe r n/a Brol.era g~ Firrn·s Narne. 11 l ,1 Brok er ______________ DOit.! _ _ __ Add re ss 11 /a r,/a, ri l R 11 /it Ph . n /i.l Fa:l n/a Er.iail : CBSJ -10-11. CONTRACT TO euv ANO SELL REAL ESTATE (COMM ERCIAL) rr,-1 t" Olltl"'l \ .{,;!0 1 I r.i"'I ~U ll w JI~ (Ort! COS) 10-. I CONfK.-4.CT TO RU Y r,ND SE LL REAi. EST AT[ -Co rnmc1 cia l I a m the lega l gua rdian of my fami lies estate an d plan to renahi lilate th is bu il ding and use II fo r offices. IH~ Home Real Estate Bev Mc1 es Ph : 30 3-858-8 100 Fax 303-u,o-Ul :o r n e 1mntec po rtion, nr U11s 1o r m, c ~cept 1 111 er!'nt1,'ll !!d nc:c111 1011 s, nJ ~c oe en .to 1>r ove 11 b\' t ne Colo 1tt <10 k ca l t u ate o mm 1u 1on. (Cf?.!;).10 -11 M,rn d .i1or 1·12 LC THIS FORM HA c lil'POR TANT LEGAL CONSHlUENCES AND THE PARTIES SHOULD CONSULT LEGAL I.' " " I', " ,: ,. J ,. JO ]' ll ,, ., AND TAX OR 0TH R C OUNSEL BEFORE SIGNING CONTRACT ro BUY AN O SELL REA L ESl Al I: (COMMERC IAL) (~ Pro p Jrty with No Re s 1donccs) (0 Property with Ros idonccs-Rc:s idc nti,11 Addi 1m Att achod) AGRE EMENT n,u n 3119120 1 2 1. AGREEMENT . 8 uye1 .1denhfied in§ 2 1. a~1ees lo buy. and Soll er, 1d en11hLd m § 2 J. a grees to sell , the Prop,1 r1 y cescribed belo w on the ter ms ;md cond111ons se t for:h 111 1h1s contra cl (C ontra:t} PARTIF.S ANO PROPF.R T Y 2.1 B uyer . Buye r, Fa mily Prop erties, L LC , w1 1J take title to l he Prope,1y d&scribed be low as D Jolnl Ten.ni t s D Ton<ml!:, I n C or 11111CM1 ~ 01h0 1 in Sc vcr ,1/it 2.2 . Assignabi lity and lnurcmcnt. lh1s Contrac t Shnll O S llall Not be ossrgnoble by Bu yc ; without Seller's pnor wnllen conseri Exce pt as so res tric ted, this Cont 'lCI shall mure 10 the bene fi t of and be bmdr ,g ur.on l t-e heirs, p orsona l roprescnta11ves. successors and nssigns of the p.1 n ,es 2.3. Soller. Seller, CITY OF ENGL E WO OD, a COLORA DO Munic:ip.il Corporat1 c , 1s the cu rr e1t o wner of ino Property described belo w. 2.4. Property . The Propeny 1s :,h e fo!l ow 1r g legally acsr:nbed iea l estate 111 the County of ArapfJ h oe , Coloraco LO TS 18 AND 19 ; TH E VACATED PO RTION OF TH E EAS T-WES T ALLEY DESCRIBED IN OR D . #29 SERIES OF ·/99 6 OF THE CITY OF ENGLEWOOD , L O TS 20 THR O UGH 24, EXCEPT THE TRAIN GULAR-SHAPED P A RCEL CO NVEYED 10 THE CO I.ORAOO DEPARTMENT OF TRANSP ORTATION, RECORDED IN BOOK 769 1 PAGE 270 OF ARAPAHOE OUN TY RECORDS THE ABOVE DESCRIBE D PARCEL CON TA INS 21 ,33 8 SQUARE FEET, OR 0.490 ACRES, MORE OR L ESS , known as No. 3098 S GALAPAGO c NGLEWOOD CO 80110, togetner wll h tnc intere sts. e ascrn e:its. rgti1 s, llcn~fils. lrnp1011t!mt:11t~ w1tl c1 Uc1t:htrJ hxt u,ca aµµu1tc 11cl1 1t tl1tttelu. and all interest o f Se-lier in vacated slree:s and all e'(s ad Jacent thereto. except as he re in excludec (Prope rt y) 2.5. l nc lus(o n s. I he Purcriase ~•rice includes the lc llo wing 11ems (I nclu sio ns)· 2.5.1. Fi x l urcs. II ntl acho d to tie Prope rt y on 'he date o f this Cont·ac t· 1gh11nu . hO otu,i;. plum bmg . ventilating and ai r cond il1oning fix twes. ms1de telephone. network and coc.u :1al {ca ble) w1nng and con nechng bloc ks/j acc;s , ll oor coverings, 11te rco m sys1c1r.s. s pr mktor sys!em s an d contro ls. ga r~se door openers 1nc1uJmg ALL re mote co ntrols Othor Flx1urc s: cc"i"•----~--~------------~------ 11 an}' fixtu res arc an ac hcd to lhe Pro perty after l he da10 ol this Contmcl. such aod1 tiona l frxl urf!s a re also 1nclumid m lhe-Purch.i se Prn:e 2 .5 .2. P crson .11 Prop o ny. If m the Property wh otne r auached or not on 1hc date o f !his Ccntra ct storm wind o w s stonn doors. w111d ow nnd porch sh ados. awnings, bli nds., sc ro c ri5 window covcn.,1y,, curtain roes. drapery rods. hea ti ng s10·,cs. storage sneds, ani:, all keys. If checke d, th e l o ll ow1ng are inclu ded D Wa le r Sorttmu1s O Smokc fFit e Dt:le cto,s D Sec u1 ity Syskrns O Sc1 tullltu Systom s (1n cludin:J sat !!lhl e d ishes ). Otticr Personal Pro~c rty : nl a =---T~h_c_P_o_c;_on_a_l ~P-,o-pe-,-ty-,o--,-be-co-nv-e-ye-d~a-1~C~lo-s,-ng-sh_a_ll _b_c -,o-n-,e-y-e~d~by Se•te~ fr ee ~Cloa~ l:t,:Pc; (e xce r t pr>r o;o nr1I pro pM ly li'IKO s In· !hr '{O:lr ol C:losino). hr.nc:. ;i nn rmr.umbrnnco s. except ri l a . Co nveyance sr.a n be by bill o l sale or oth er apphec1blo legal rn strurnenl CON TRA CT TO DUY AN f"t SE LL R!:J..L l;'.)fJ\T E · Cu mrn em:il r a~e I '-'f I (, l'•'J 2.5.3 Tr iJdo Fr1ttu res · Wi th respect to !lade h~luros, Soller and Buye r ,. '} n s foll o ws 11 !,1 The frade F,xturas 10 b e conveyed m Closing sh all be conveyed by Selle r l reo r1nd clear of illl taxe5 (except personal p1op i!ny taves fo , the year o f C losing ) he ns cl'1d enc 1mbrarces, oxc~pt n rn Co nveya nce shall ne by bill of sale or olhor i1 ppl 1c.1ble legal 1nstrum nt 2.5.4. Porking nnd St or.:igc F;,c iliticc D Uso Only D Ownrm :hip ot the lollo ..... mq p:u kmg lacd11le s n /,1 . .i ncl D Use Onl y D Owno rs hlp of \11 E' lol!o w 11,q slor aAe fac1hl es -------------"'-" ----------------2.5.5. Wator Rights. Wator an d Sewer Tap s. 2 .5.5 .1 . Oc edod W a ler Oericl □ O lh M .:t pph r.il b!e IPgal 2.5.4 .2. Well Rlqlits If anv w ater w ell is In he tra nsfer red to Buyer. Sell er agrees l o su pµ!y required mtor m a11 1on about such well to Ou r Buyer unders 1,1 ntJs ltlat 11 the well to oe trn nsl errea 1s a Smctll Capacity Well o, a Domes l,c E)Cempt Water Well usotJ for o rdinary flOuso hol d purposes. B uyer !.liall, pr10 1 to or at Cosing. corno!ote n t.:·1 a11ge m O wners hip rt,rM l or l hO woU If an CJ ),IS lmQ won has nol bear, reoisterod wl lh the Co!oracJo D 1v1s1on al Wa ter Reso urce~ ,n H1-: Department o f Na 1~1r,3I Hesou1ces {D1v1s1o n ), Buye r shall co mpl olc ;1 regIsir~t1on ut ex.I s1111g well (Olm for the woll ;iru1 pay the cost o f rc9151tat1on If no nerson w ill be providing a closi ng ::.1.:r vu.,1.111 1 1..u,1111::t:\1011 w 11t 1 [1 11;: tr,:1n :it1ChuI1, Ouyur ~hilll f,l o l ho l(.,m w 1l h the Ov1s1on w 1th 1n ~I:i.l y days HIier Closmg Tn a Wel f Hrn'I I j1 IS -"'~"~------ 2 .5.5.'.\ D W;it nr S!ock Cortlf k at m;· "'=-"--------~□------------.-,,S-c_w_c_r _T.-,p----------2 .5.5.4 _ W.itcr Ta p u Note : Buyer is advised to obtain. from th e provider , written confir mution of the amount remain in g to be p .tlt1 , lf ;t ny 'im o ;rnd olhor rr~tricllo n s for tmns l or nnd u se of !he t ap 2.5.5.5. Other Rights .'ll THERE ARE NO WATER OR S EWER •4 ps ASSOCIATED WITH THIS PR OPERTY 2 .6 . Exclusions . n,e fo llowirg 11e m s arc e Mct udml (Excl.1s1or1 s) OATES ANO DEADLINES . 110 111 tfo Rcforcnce l Event : ___ ~§ ~-2 -~r~at1ve Ea,r est M oney De~dl'.na illc .i nd A sGoci;i tion .•. Record T,tte Ocac1_hne . CB :i.\-1 U-l I lONPlACT 'I O BliY ,,r,.:o SFl .l. f<EAL [STt\Tr; •'.01 m11c1c 1:i l Dato or D:::"":.:d:;:lic;.n•=-•--1P,Ov,d"ei ~V~ ~" h oursl !oJ : .. 1tu al ex ~,:r~ I -·1 I _L J 7 Note : A pplicabi lit y or Terms, Any tl ox, b!nnk or hne In thi s Con1rac1 leh bl ank or compl et ed with 1he abb re v1a 1io n "N /A", or 1he worcl ·o elete d· mea ns such p1ov 1s1on in Oates and Dea dli nes (§ 3l. 1nclud1ng an y deadl11 1e. Is 1101 apphcable and tho cor ro 5po ndmg prov 1s,on at this Con11 ac110 vJtu ct1 rel ,once 1s mad e z dolo to d l he abbrev 1a11 on "M EC" (r:1 uIual cxccu11on ol um: Con trac l) means tM da te upon whi ch bo lh par1Ies have signed this L:o nua:1 4, PURCHASE PRICE AND TERMS . 4 .1. Price ond Term s. I ht.! Pwch aco Pri ce !:01 tor l h below !::hall llo payaole in US Oo l:ru s by Buyer as tallo ws !11om Reference §41 -- §42 --IPurc ha ~E!. P1 1c~ f. arnesl Money § 4 !l lf"P W Loan t ;~ 6 _ l/\ss ump 11on er1 Iance § 11 ,7 1So ller o7Pf1-;a te F1m111c1119 rll iJ [11 /il - n/a Fl/a ~-_ § t1 3 Cash a1 Clos ,ng 1TOTAL .. I Am ou!'_I __ [~m~. __ _ ·-_ }_6_5_,o_o_o._oo _ _.f- 1 ----~- ~ -___ , EJi_!!!).:_D D. ---i ~-=-~=-1 !--;~~! ll.2. Earnest MonC"y. I he Carne st Mo ney SC I I0rtll 111 Um, s~cuon 1n l ho lorm c f Prom,ssor Nole _ ;l!all be payable to and held by AMERICA '$ HOME TITLE • 1,, (Earn est Money I lolcc r), m 11$ 1r us1 occo u 11, o n oo hol1 o l boll , Seller an d Buylll l hc Em n o:Jl Money dupo r.11 shall • 1•, be 1ende rca w11h IhI s Co n11 ac 1 unlc~s th e ._>a-1 1es rnu1 ualty ag ree to an All orna tlve Earnes t Money Dea d li ne I§ Jl lor ns paymeni II t:.arnest Mo ney Holo or 1;; Olh1J1 1h an tt19 Brokerag e Finn ,o en1 11ice1 in § 33 o r § 34. Ctos1 ng lusuuc.i 1on o::; sI911ed by Bu yer, Seller and Ea rnes t Money Hol dm must be obt amed on o r be lore d eli ver)' ol Earnest Mo nev 10 !:ainesl Mo ney Hold P.r ·1 tlP. uamc!; au tho m c deliverv o l I~ F:Hnes t Monev dcoos 11 10 Iho co moa nv ON TRA(-1 I Ci Ht IV ,\Nil '\H I Ur.A l 1:Ci TA rl· ('(munrrc,:il f '.1 1,!C' 1 of 16 C.:l'l-,kCou1r:1Ct) cu m · (I~ 11 1 <..TM So l11>:iff C:uql );) J.''i ;/-I JJr, "' ll.! )J J Cl!Sl·IU-11 conel uctmu lho (.;!osmg (Closing Compm1y), 11 ;iny. a 1 or t>c fore Closing In am event Earnest Morey H!llae, ho~ agreed to have 1111orcs1 on Eam es I Money dcp0s1ts trans fori od to a fund estab lished fo r the ;1urpcse ol provid mg ;iff m d,iblo hO l 1SI ng to Colorndo res ,ctc nts , Se ll r and Buyer ncknov1lcdge and ag ree that any 1n 1ere s1 accruing on tho E.1rrrnsl M on ey d eposuo d w,111 1110 Earn est Mo ne y Holder rn It-ts 1r..i nsa c1 1on shc:1 II be 1rnnsl or1od 10 such hmd 4 .2 .1. Alte rnative E arnest Monoy Oon d li nc . Tn dea r.l li nc lor dol 1ve r1ng the Ec1rno s1 M oney, 11 other th.in at the hrre o f tcndm of tlus Contracl is a~ set fo rt h as l he A lte rn ati ve Ea rn est Money Ooadli no (§ J) 4.2 .2. R otu r n o f Earnest M o ne y II Buyer ha s J R1ot-1 :o Tcrrm n;:u c anr.l 11moly l ~rm nates, Buye r shall be en lll!od ta tnc return al Eam es! Mo ney as pr o'l1 ded ,n this Contract. If l hts Con\ract is 1erm1ro 1cd as se t tort h tn § 25 and. evcept a,;, r ro'llf1Pd in § 4 , ii !hf! Earnosl Monov lmc; nn1 ri lum r1 y hflPn retu rned foll owing 10CP. pl ol J N oucc lo Term 1nmc, Scllor ngroos lo execute nnd rc l urn to Duyer or Broker wr,ril,1 ng w 11 h Buyo1. wr11ton rn ,ilu.il I11 st ruc1to 11 , 1 o , Eamnst M onoy R Ions" form w1t1un 11 11 00 d.,ys of Sol o,'r. roi::0Ipl of suc h for m 4 .3 , Form,o r Funds ; T i m e of Poym o nt; F u n d s A v allabl c . 4.3.1. G ood Fund:.. /\II omou nti. p::i y::i t:lo by th o p:i.rt,cs :11 Cloe1 ng , includ 1'lg .,r y Joa , procoods C ash al C losing un:l c /')sing costs , sha l l t>e m lunds tl mt conipl y wIt t1 nl1 ap plic,1blo Co1or2do laws, mcludmg ele c t ·o nic transfe, funds . cer1 1f1ed ch eck , r,av1ng:,\ tint! loon teller'::. ch ock ond t;rJ:J h 1O,·:, c h 'JCk (Good Funds) 4 .3 .: Aiv allul.llu Fumh . A ll hm(b req 11,1d h,, bo im1d al C losu~g u1 ;is o lherwb.e agreed In wr1tmg t.,otwoon Ille parties shall be hmel y paid to allow cJ1-;bursomen1 by C losing Com pany at Closing OR SU CH PARTY S~IALL BE IN OEF AU L r ~uycr 1ep,eson1s m m B uyt1r, as or the dal e 0 1 th,s Com ract. D Ooos C Doos N ot have fu n els l h.U me 1w111 :i d•n tcly vcm fi abe and ;,va1tt1blc tn an m nourll no! les s than the 11m ount stated a s Cash .it Closmg In ~ 4 1 4 .4 . So llor Conc o s slon . S lier, at C losin11 . shall credil. as d1recteel by Buyer, a n nn10Jnt o' $ 11 h 1 tn i'lss1s 1 w11 h Buyor's clos11 ,g costs (Soller Co11coss1on) Sol or Concessron Is 111 :irlrlnon lo r1n ~ su m S0ll01 has agreed to pay or crcdll Buve r e lsewhere m this Contract Seller Concession shat bo reduce d lo the e:-.tc n1 II cxcuod!o !he ,1mour11 allow ed by 1311yer s lender a ,; set lonh 1n !he Closing S1 a1e·nc11t nt C1omn!J 4,5, Now L oan. (Om1 11ed ilS 1napphca 10) 4 .6 . A s s umplion. Buyer agrees to assume and pay nn ox1:;ting loan Ir-Ille ;i pproxmrnte amou:1 1 of 1t1e Assurnpl Ion fJnlance set forth m f 4 , I , prcsonUy paw1l>l e al $ n /;, per __..!!!!!..._ including pm 1c1pal ;i nd 1ntores I p,escnlly at the r:1 .e a l ~ o/o pu annum ilncJ also mdudmg esc,ow lor lhe following ~._ 1nchcntod · nRcn l E s tr11 e l axes O Propert y lns ur.incc Prcml urn .ind U nla Buyer agrees to pay a loon trnnsh.!t le>~ no1 to exc cd $ n l n At th e hme o f assu m Jl1o n . l ho new in loro-;1 roto shall not excood 11/,1 '~ por annum a nd !ho new payment shall not e,ceed $ t1l.1 per nla pr1 n:1 pal and I111crcst. plus oscrow , 11 a,1y If !tie .>c tual pnnc,oal b al ance of the c>.I!,\lng lot111 nt Clo!,1ng 1s less than lhe A:ssumphon Ofl !ct ncc. which causes th e omou nt o l co:;h required from Buyer at Closmg to ~e inc,ca~cu by more l han S __..!!!!!..._, then Buyer s ·1a\l ha\lO l flC R ht to Terminate unCe r § 25 I , on or ocroro Cl oslng Oa!O 1§ 3), tlt:i sed on mo rm.J u cutl ~ur o urit of ll m d~hM I µ1 11 1c1pnl bdlanu: Soller D shn ll □S h a ll Not be m lcnsed from li oblht y on sa id loan If applica ble, oomp:,ancc with l he rcqrnr om cnts for rolcase fro m hilbi ll ty shall be e\lid onc cd by duhvcry O on o r bolor u Lon n Tr;m s l o r A p p rova l Oo3dllno (& 3) D al Clo s ,ng of a n approp11a1e le\l c , of conn111r11cnt horn lend er. Any cost payable for re le;:1 se of l!Ob1 l1!y st.a ll bo paid by t1 /a 1n tin ;unounl not to exceed $ ___ n1~_, __ 4 7 Soll Pr o r P rl \l nlo Fln.m clng (n1m11nc1 :1~ w~rr t,r.;1 hlo) TRANSA CTION PRO VIS ION S 5. FIN A NCING CONDITIO NS A NO OBLIG ATION S . tOnull ed ;is 1na:i pl1cablo) 3.3. Crod ll lnlo rmalion ;ind Buyer 's N ow So ni e r Lonn If Guyer 1s to pay 1.111 a, pnrt o l the Purchase Pnce by cJ.ocullng a pro:111ssory no10 m f,ivor al Seller. or ii ;ui 011.mhng 10 :in 1s not to 00 rcteaso d a t Closing thrs Conlracl is cond1 hona1 (tor lho b<mof1\ o f Seller) upon Seller's ap~.oval of Bu yor"s financ,a l abihty and crod l w m1hmoss. w hich appro•,a1 sh.ill be ,,1 Se ller's sole sub,ec11vt1 d iscrcl1on In such caso; ( 1) Duyer sh al l supply to S~ll l'.!r by Buyer 's Credi! l nf o1111 .i' J n Oc .i d l 111c (~ 3), ,ll Ouvcr'& expense. 1nror1n.H1on and d ocumcn·s (mctud ng a c urront cre d it repo rt) concernin; uycr·~ fi nancial. c m:iloymC>nl and oedI! co nrl t11 u., and euyer's N ew Seni:H Lo..1n, dehned boll'lw , 11 ~ny, (:?) B11 yr1 ~vnscnt-. lh;,1 Seller m;iy 'lf!rify Buyer's f1nanc1al ab hty an d crfle1 1twonh1no s5,_ (3 1 any such 1r1lo1rnat1on and documents rccewed by Souc, sha0 be held by Soll er 111 confidence, and not roloo :;od to oUlor6 oxcopt to protec1 Senor s 1r'll eres1 .n this tran~,1c l I:in: an d (ij) 111 th o c,v ent Auye r is to cxec u1c a promIsso-y noto secured by a cl oud o l tr.1 st In lava· of Soller. this Contmct 1s cond1t1o n al (!or tho ::ieriefi1 CON TRACT TO !lUY ANO SrLL REAL t s·1 ,\ I E · Co111 nw, -. 1:11 P3l\C ..: .:i f 16 :s; JS8 l59 ;c.o •t:.: •b.! J6) •">•I J6S 1!.6 ,,, ,co , .. J70 ,,, '" J7J ~ 7,1 J I ~ J76 ~77 ,,. JIO mo JOI 38:i JHl ]8,1 o' Ge ll er) upon Se ller's oppro .. al o f tho te rms end oo ndibo n, of any N ew Loan to be ob:olnod by Buyer 11 the deed of 1,u s1 to s enor 1s ro be suoord 1n ate to B uyer's New Loa n (B uyer's New Se,1 1or l oan) If the C a sh at Clo sing 1s les s Um11 it!:> set forth n~ § 4 1 ol 1h1s Con11 ac1 o , Buyer'::. N ew Semo, Loan changes fro m •hat a p1u o ved by Sellm , Seller sha ll ha,,,e the Right lo Te rminate unde r § 25 1, at o, before C losing If Seller d isappr('l'IIC S c f Buter's fin ancia l :i o1 hty, c1cdI lwonn•ri ess 01 Bu tcr's Now Senior Loan, In Sen or's solo subj ectiv~ disoe tion , Sellar shall t1avc 1t1u Rrght to Tcmunalf under § 25 i, on or before Disapproval of Buyor's Credit Information Doadllnc (§ 3J. 5,4. E ;,:lsling Lo .t n Rovlow. II an e,a-st 1n9 lo an 1s not to t>o released at Closing, S ell er Sha ll cohvo · cop CS o l the loan docurncnl s (in clud ng n ote , <lo od c.f trust , and an}' modific almns) lo Buyer by Existing Loan Documents Ooadllno (§ 3) For th o bunefit al Buyor, l nls Conl rnct ,s oo ndilio nal upon Bu yer's ,a..,,ow and ap proval ol tho provisions cf such loan docu ments Bu yer shall have !he Right l o terminate under § 25.1. o n o r befo re Exis ting Lo.1n Documents Objection Ooadllno (§ 3), based on any unsahsfoccory prov skm of su ch loan cl oc:11mcnts. m Buyer's sole su b jective d1screlion. If the te nder's approva l of a trans l or of the Pro pe r1y 1s rcqJir od , 1t11.: Co nlracl 1s conchlional up:>n Buyer's oblainlng such appro ..,;11 without cha nge in the 1erms o f such loan. oxccpl as SP.I fOl!h in§ 4.6 If lender's app-oval 1s 1101 obtai ned by Luan Transfer Approval Ooadllno (§ 3 ), this Co ntracl sh ill! ierm lmu e on su ch duadhnc . Seller shall have lh o Right to Tcrmina1e under§ 25.1. on or bolore Closing. in SollC'r°s c;.nle c;nhJnc::ive ct 1~c.rn Iinn, If ~P.llA r Is lo ho mIn;1 scr1 frnm httbility unt1or such o.cis tino lo;tn ri nd Buyer doos nol ob tri 1n SUL 'l compharv;:e as set forlh in § -I 6 . APPRAISAL PROVI SIO N S, G.1. Lender Propor1y Ro qulrcmonts , U tt,o !c ndor impo30:l ony rcqJirc1rcn1:1 0 1 ,·c poirn (Rcqulrcniont:i) lo be made •o the Pro:>a n y (o g ., roof repair, repaint ing). boyond thoso matters a lre ady agrood to b/ S el•c, in this Conliact Scllt-1 mdy ti.-rn inilto U11s Cu11tr ac1 j11 ulwitr1s 1011 dl n9 § 10 o f thi s Conl rnct}. So1!m shall have the Right to Tcrn1n atc undor § 25 1. on or bcfo1 c (111 00 d ays fol lowing Sell er's receipt o l lhe Requ iromer.Lc;, ba sed on any un s;tt1s l actory Roquircmonts, In Scllo(s S010 SUb jCCll'JO d lSC /CltOll Scllc,"s 1igh 110 1er1rn 11atc in \IIIS § 6 \ sha ll 1101 apply 1f on or before a ny term 1nat1 0 1 by Se ll e; pursuanl l o th,s § 6 1. (1 ) the cart1c s c nlcr mlo a wntt en agroement regmdmg the Kequtremen1 s: er{::) th e f<oqu1rement s nave bee n c:im pletod ; or (JI !he sat1 slach0n o t l hC Rcquucmonts 1s waived •n wrihn g by Buyer 6.2. Appr.1lsal Condition. l ne apphrablo A1lpraisa! provision se t fo rth below shall {lpply to the ,c~oc cti ve loan tyoe se t !cr1 h in § 4 .5 .3. or if a cash transact.on, i .e . no fimmcmg. § 6 .2 1 shal l apply. 6 .2 1 ConvonllonalfOther. Buyer shall have the so le oplio n and elect ion to l o m11 natlJ this (;ont ract rf !h e Pro, :; valua tio n ts less tnan u1 c Pu1thr1s c 'nee: dol crmin~d b~ an appraise r eng aged by BUYER . The a ppraisal s hall be mcoNod h'( Bu yor or Buye r's londor r,,, o, before Appraisal =-o -.a-d"'ll-ne"""(§c-c3:")c-c& .. te7"shall have the RiQ ti t to Terminate u nctc § 25 I , on or before Apprals al Objection Ooadllne (§ 3), If 1ho Propony·s valu.::1 11011 Is loss lhan th o P• rcha sc Price a1d Se ller's re ceipt of either a copy c l c;11r h ;ipp·nlc-..:1 1 nr w ri llPn notice frorn IPnr1 Ar th.1 1 c:nn f1rms th1 Propnrl y '!i vnlL ri tmn 1s 1~1ss t:,:m th e P ur:-:~ase Price. 6 .3 . Cost of Appratsa l. Cost ol any appraisal tc be obtai ned after l he da l e ol lh1s Contract shall oe timely p~•d b y ~Buyor O Soll or JBS 7 . EVIDENCE OF TITLE A NO C1CASSOCI A TION DOCUMENTS. , .. 7.1. Evidence of Tt111;1 On o r bo foro Rocord Till e O oa dllne (§ 3), Sel lar sh all cause to bo furnis hed to B uyer. at Sell ers exp ense , a current comm i1ment for owners !Ille lnau ran::o policy :T1t10 Cormrnl rrcnt) •n ana rn ouni equ a l to the Pu,chase Pri ce. o r II th is bo x 1s checke d O An Abstract of litle :u, bl':?d 10 a currenl date If tillo 111surance Is furnish ed, Seller shall also d eliver to Buyer ·1 p1e s of any abs1rac ts of tt llo covermg all or any portion of the Propc1ly (A bs lract) In Seller's possession Al Sel,e r"s e xpense, Seller shall c;•1se lhe \Ille insurance po licy to b ~ issu ed and d e 1vered to Buyer as s?o n as pract1 cab1c al or allor Closing Th o 1111 insurance comm11 me nt ~nall D Shall N o l commit to delete or in sure o..,c r lh~ standard oxcephons wh·ch relate to (1) par1 1es ,n possessi on . (2) unrecordod oascmo nts , (3) survey mattc~s. (.J ) any un,ocorctect m octrn 11ics' l1P.nc;., ('1) OAP ponoo (ollr>c l1 vc r1a1P nf cn mn 111men1 10 c1 at A r1 cect i!> rec.osct ell1. Rnd (6 ) 11nnr1 id IR XP.S . a~c;P.ssmAn ls und um~doomc d la)( sale~nor to the yea r ol <:l osin g . An y ad dtllon al prennu m C.(pc nse l o obl a in th,s adddorntl covcrnyu :hoU be pat d by ~ Buyor O So llo r Note: 1 hu htle insurance corn;,any m ay no t ag /C ll to delete or ins ure OYC r any or all o f lho standard oxcop1.on s Ouye, sh<11II h.l,e the right to rt-,i ew :he Title Co m m11munt, ils i:rov,s ions an<l TIiie Documents (dofin od in§ 7 2 ), a nd ii not sa tis fa ctoty to Buyer. Buyor may 011:orc1s c B uy1)r's fl \1t,1s p ur sua nt to § 8 1. 7.2 Coplos u f Ex.ceptlon s On or be:orn RocouJ ·ri th: D ea dline (§J), Seller. at Seller!> expense , shall furn sh l o Buyer and BUYER S DES IGNATED AGENT AND REAL ESTA TE AGEN T , (I ) copies ol any plals, declarations. covenants cond1 11011s a nd r(.'S lr1ct1ons b utdcnrn g the P rope rty, MC1 (l ) ii a T it le comm1trnon 11s re1u1rcd IO be l urn ,shcd, and 11 this box. ts chocked D Coples o f any Othor Oocumon ts /o r, if 1ll og1ble , su mmaries o f such d ocurnen1 s) li sted in the schedule al cxccpt1ons (Excepho n s). Even If lh e bo< is not checked, Saller shall ha'lo tho obhga1ion to furn ish these docum ents putsua· 11 to l h1s sectmn if requested by Buyer any l ime en Cl' bclotc Exceptions Request O••adline (§ 3) Tnrs reQUrernw t shall p~rl a1n c nly to d ocum ents os shown of mr.f'Yrl in lhA office of th e ci PI'\ and mco:der in th e co unty wt-ore the trop env 1s located. The ab :;tract or T1Ue Comm11n·cnt. looelhcr wil h anv ccio1es or s u mmanes o! sucl': documer:s fum lshel'l ours uan t to l h1s sechon. COS) 10 11 CONTRACT TO UU" AN D SELL ,lFAL 1:S T,\T[ · Com1rc 1c1al P3 gc S J f 16 cons1 nu10 l he !Ille documents 1•.;ollechvoly, Ti lle Documents) 7.J Homoownor~• Assoc i ation Ooeumonts The term t,ssocia1 •..in Dc,.:u rnen1 ~ consists o f ;ill owners' assoclalions (Association) dcclaralions. bylaws. opo:attng agreem1m 1s . ru lus and regulations . party 'Na ll ay,uom cntt., 111 1nu les of 1no5l 1ec:cm1 annual owners' meehng ,1nd m inutes tif any directo r~· o r n1a nagcrs' muotrngs during 1,e sl.(•mor.l h penod immediately precedi ng the date of lhis Contmcl, If any (Govcm,ng Oocumonls), mosl ,eccn f1nMc1al documents cons,sl1ng of ( 1) annual Dal ancc sheet. (l) annual inco me and cxoene1I1ures staiemont. and (3 ) annual budget (F1nanc1a l Oo.:u mcnts). 1f anr (coll ectively, A ssociation Documents) 7.3 .i . Common Interest Community D isclosure THE PROPERTY I S LOCATED WITHIN A COM MON INTEREST COMMUNITY AND IS SUBJECT TO TH E DECLARATION FOR SUCH COMMUNITY. THE OWNER OF THE PROPERTY WILL BE REQUIRED TO BE A MEMBER OF THE OWNER'S ASSOCIATION FOR THE COMMUNITY AND WILL BE SUBJECT TO THE BYLAWS AND f1 ULES AND REGULATIONS OF THE ASSOCIATION. THE DECLARATION, BYLAWS, AND RULES AND F.EGULATIOt,S WILL IMPOSE FINANCIAL OBLIGATIONS UPON THE OWNER OF THE PROPERTY, INCLUDING AN OBLIGATION TO PA Y ASSESSMENTS OF THE ASSOCIATION . IF THE OWNER DOES NOT PAY THESE ASSESSMENTS, THE ASSOCIATION COULD PLACE A LIEN ON TH E PROPERTY AND POSSIBLY SELL IT TO PAY THE DEt;!. THE DE C LARATION. BYLAWS. AND RULES AND REGULATIONS OF THE COMMUNITY MAY PROHIBIT ""HE OWNER FROM MAKING CHANGES TO THE PROPERTY WITHOUT AN ARCHITECTURAL REVIEW BY THE A SSOCIATION (OR A COMMITTEE OF l"HE ASSOCIATION) ANO THE A P PROVAL OF THE ASSO CI ATION PURCHASERS OF PROPERTY WITHIN TH E COMMON INT EREST COMMUNITY SHOUL D INVESTIGATE THE FINAN CIAL OBLIGATIONS OF MEMBERS OF THE AS SOCIATION . PUR C HAS ERS SHOULD CAREFULLY READ THE DECLARATION FOR THE COMMUNITY AND THE BYLAWS A ND RULES AND REGULATIONS OF TH E ASSOC IATION. 7 .3.2 . A ssociation Oocumonts t o Buynr D 7 .J.2.1. Seller to Provl d o A ssociation Documents . Seller sh.tll cause the Assoc1at 1on Oo..::umonts to be p rovided to Buyer . at Sc:1cr ·~ e 11.µ1m su, 011 01 bclurc As sociat ion Oocu monts Ooa dli:lc (§ 3) 0 7.3 .2.2 . Seller Authorizes Association. Sollor ;1utnorizes lhe A ssoc1at1on lo provide the A ssociahon Documo nts to Buyer , at Sel ler's cxpo,,sc . 7 .3.2.3 Seller's Obligati on. Selle r's obhq;:U1on to provide the A ssooa11on Documonts st:JII be fu!fi11ed u:,on Buyor"s rcccipl of tho Assoc,ahOn Documcn:s, regardless of wno provides su ch docume nts Noto : If noilho r box In th1r. § 7 3.2 u; chocked. lhe provisions of fi 7 .3 2 I shall apply , 7.3 .3 . Condit1onat o n B uyor's Re view. 11 l he ~ox in c 1lher § 7.3 .2 1 or § 7.3.2 2 1s dlccked. the p11.i ,1slons of lllis § 7 .3.3 s l,all apply Buyer sl 1ull t1Me th e Right to Te m,1na 1c undo r !; 25 1, on or before A s sociation Documents ObJectlon Doadllne (§ 3), based on any u nsat1s factcry provision ln ~iny of tho Associ;ition Documonts, 1n Buyer's solo subJecllve d 1scret10n. ::ihou ld tiuycr roc01ve lho Association Documents ahe r Associat ion D ocuments Deadline(§ 3), Buye r, at Buyer 's o ption , st-all h 11vc l'\O R,ght to Tc1mina1e under § 25 1 by Buyer's Nolice to Termina te roce1Ved by Setler on or bcfo,e ten da)S after Buyer's recP.1pl of the Assoc1al1on Oacum cn1s If BuyPr do(.>'> nrl rer:,q1 vA lhP .A c;soonhon noc:umpnts. or ii Buyer's Notice to Te rm 1na1e would othe rw,s o be required 10 be re ceived by Seller afte r Closin g D ato (§ :J), Buyers N ouce to Term 1m,:q shalt be rcce1vod by Seller on or be fore ltiree aa y! pnor 10 Cl o,lng Onie (§ J ). Jf Selle r doc::; no l rcec1vc Buyor'r. Nohco to Termina to w1l11 1n ~uch time. B uyer acccp:s the prov1s1ons of the f...ssocration D ocuments as sa11s fa,:to ry . aod Buyer wa1Ves any Kight to Tormnato unaer th is prov1sIon. no:w 1ths1ana lng 110 pro111sI:ms or§ 6.5 8 . RECORD TITLE AND OFF-RECORD TITLE MATTERS. 8.1. Record Tttle Mattors . Buyer has the nghl to 1c:V1ew and obJect 10 an v of 1hc Tille Doc umen ts (Right to Object. Resolution) as s01 forlh In § 8.J Buyer's objoction rnr1y be based on any unsabsl ar.lory lorm or ccnlen- of 11 /0 Commhmonl, nolw1\hctand1n;; § 13, or any othor unsa11sfacto1y l illo c ond1tron, m Buyer's s•· o sub1 ecl 1vn d 1s::rehon II Buyer obJe~s 10 any o f the -ulc Oocumenl >, Buyer shall c~use Sellei to re ce1·,e Buyer's q c,iii.:o l o Tcrmlna10 or Notice ol Title OlJjtit.:l 1u11 011 01 be'ore Record Tille Objoetion D uadline (§ JJ If T ille Documents ore not received by BJyer, on u, before the R ecord Title Doa dllnc (§ 3). or 1f there 1s an endorscmont to the Tille CommHme nt that adds a new E1~ept1on 10 t1tle. a copy "Jf the new E xr.cption to li!le and tno mcxJ 1t,ed T1t10 Comrmtment shall be delivered to Buyer Buye r shalt cause Se ll e r to recei ve B uyer's N otice to Terminale or Noll~ of Ti lle Objection on or buforo tnn days oft er re cei pt by Bu~er of th e fo!lowlf'lg documents: (1) any requ ired T11 :e Documon l no! limoly rece ived b1• Buyer. (2) any chanHa to !he Ti tle Documents. or (3) ,111 (!nr<:l'!m~nt In .,\A Ti nn Cornm1trnenl. II Seller rcccNes Uuycr's N olico to Termtnalo or NrJt1ce of Title O bje ct 10n , pursuunt to this§ 8 1 {Rct.:l>,C T11l t.! Mc1tll.!rs ). any ti tle o Uj C!c hon IJy 6uyc1, and l hls Con1rac1 shall be goverrled by lhc provIs10M se t fo:"lh in§ 8 3 (Right lo Ob1ect, Resol ution:. II Seller does no t re ce iv e Buyer's No ti ce to Tern1na1e or N otice of T ille OIJ1ec 11on by !he apphcablc deadline sooc1 hcd above, Buyor accepts lhc cond 1t:on 0 11 1110 as d 1scIosoe1 oy lhe T1t ll Documents as satisl a..:1ory B.2. OIi-Rec ord Ti tle M altors. Seller shall deliver lo Buyer, on or bcrorc 011 -Rocord TIiie Ooadlin o (§ J \ l~uo cooics o f all cnusllng surveys In Seller's possessron r,.r1,11n1na tn 11-w Properly and shall disclose to Bu yer all casemunls. hcus (1nciu C1l ng. wi lh ut hmitation, govcrrimen:a l improvements approve d . but not yet installed) or CUSJ-ltH I CONTllACT TO DU\' AND SE.LL REl,L ESTATE · Co111111:rci11 l (T:,,1rCon1ru.:lH1.1 n · O:?OL l,"l l\1 So hw:u : l •rp 116 517 SIB '>59 560 '61 ',6J 56:l SM St>S ';66 567 "" 5o0 C.,l fl '>I i 57 1 5~ ~ 57·1 s ·s 5'6 5'' S?IS 5:'9 ~80 56 1 S82 cns .1 rn .11 otne· !Ille manors (i,icllldlng, without lim1ta 1lon, ngnts o l llrst refusal a M oplfons), ol shown by public record::., o r which Seller has actua l knowledge . Buyer shall ll.ive the rigt11 to inspect the Prone rty to Invcs11gaIe ii any tt11rd pa rt )· nas any right 1n Irie Proocny not shown oy puo II c reccrds (such as an unrec:irdo d eas em er,t. un·ecoraed lease, boundary lin e discrepancy or wc1 ler rig ht s ) Buyer's Nchce to Terminate or Nohce of T1UA Obiect,on of any unsaI 1sfa ctory co nd rlio n (wh eth er drscloscd by Seller or revealed by suc h mspoction, notwilh$tand1ng § 1 J), in Buyer's sole sub1ect1ve d1sc re1on , shall bo received by Seller on or before Off-Ro co r d Tltle Objection Doadllno (§ 3) H Seiter roce11JeS Bu ye r's Notice to Terminate or Notice of T1ll o Objoc\1r 11 µursuant to lhls § B.2 (Off.Record Tille Matters ). any tit le objeclior, by Buyer, and th1s Contract shall oe governed by l he provisions set for1 h in§ 8.1 (Right to Objecl , Rosolutten) If Seller does not receive Buyer's N ohco 10 Tcmi1natc or Notice of Title ObJcci1on. on or be fo re Off-Rocord Tltle Obj ection Ooa dlinc (§ 3). Buyc, Rcccpts ll!IJJ subject lo such rights . ii any . of third parties o f wn1 ch BU>"(H has aclual knowledge 8 .3 R ioht 10 Ohjoct , Rnt.o lullon Ouyor .., 110111 tn nh1nr.t In ~ny t Ho m illlers ~11;11! rndw1o hut 11 ct t>e !1r111ted to those matters se t forth tn §§ 8 .1 (Reco rd Tille Mallcrs), a.2 (Qfl ,Record Tltl e Mallers) and 13 (Transfer ol Titlo ). 1n 8,.1yo r s $C lo cub joct1\'& di:;:rett cn (cotlect,vcly, Notice of Title ObJoc;i on) If Boter obieds to :my title mailer. on or before the c1pp!iCJb le dci\dl•ne , Dl1yer shall hm1e 1h11 choice to e1l her (1 J obJec t to !he condil1o n of titlo , o r (2) tcrminalo l h1:, Con trncl 8 :S .1. Title Resoluti on . If Selle, rece ives Buyer's Notice o f T1 ~c Objecti on . as oro\'ided m § 8.1 (Heco1d Titl e Ma1te1 s) o r § O 2 (Off-Hcco,d Titl e Ma:1ers). on or berore the ilppliec1blc dca1hne, and II Buyer and Selic, have nol agreed 10 ;i wnl\cn sclllome nt 1he1eof o n o, bofo1c TIiie Resolutlon Ocadllno (§ :l). thi s Contrn cl st1all terminate on l ho oxp•r atiu11 of Tl tlo Rtisulullon D tiu dllnu (§ 3). u11lu ss Su li t.'! UJl;civc:. Buyu•·~ wrillcn withc rawa1 of Buyer's Notice of Tille Objoct1on, (1 .e .. Buyor's written notice 10 waive ob1octlon lo suc:h i:cm s Md waives the R,g:u to re rminate rm trial reason), on or belore c~p ira ton 01 TIU o Resolutlo n Dead Uno (§ J) 8 3.2. Right to Tc rmlnilte -Titl e Objeclion. Buyer sha ll have the Right lo Terrr:inalo under § 25.1, on or be fo re the appl1 ~ble 0eact hne. oased on any unsa 11sl actory 111le Olaller, m Uuyer s so'e suo1ectwe d1scret1o n. 8.4. Specia l Taxing Oistric1 s. SPECIAL TAXIN G DISTRIC TS MAY BE SUBJECT TO GENERAL OBLIGATION INDEBT EDNESS THA T IS PAI D BY REVENU ES PRO DU CED FR OM A NNUAL TAX LE VIES ON THE TAXABLE PROPERTY WITHIN SU CH DISTRI CTS . PROP ERTY OWNERS IN SUCH DI STR IC TS MAY BE PLACE D AT RISK FOR INCR EA SED MILL LEVIES ANO TAX TO SUPPORT THE SERVICING OF SUCH DEBT WH ERE CIRCUMSTANCES ARISE RESUL TING IN THE INABI LITY OF SUCH A DI ST RICT TO DISCHARGE SUCH INDEBTEDNESS WITHOUT SUCH AN INCR EASE IN MI LL LEVI ES . BUYERS SHOULD INVESTIGATE THE SPECIAL TAXING DISTRICTS IN WHICH THE PROPERTY IS LOCAT ED BY CO NTACTING THE COUNTY TREASURER. BY REVIE WING THE CERTIFIC ATE OF TAXES DUE FOR THE PROPERTY, AND BY OBTAINING FURTHER INFORMATION FROM T HE BOARD OF COU NTY COMMISSIONERS, THE COUNTY CLERK AND REC ORDER , OR THE COU NTY AS SESSO R. Bu'/e r shall have the R1gh1 to Tcrn1nate under§ 25 1. on 01 before Off-Rocor d Title Objoctlon Oo adlln e (§ 3) b.:i scd on any un:;.il1!.lnctory clfccl of the Prope rly M ing loc:i lcd w 1th1n a !:peei:l1 l t11Ctn 9 district, in B uyer 'r, sate sub1oc1 ive d1sc:rot10 n B.S. Right of First Refu sal or Contract Approval. If th ere 1s o ngh t of first rclu3o l on the Proporty, or a nghl to approve this Con;rac t. Se ller Sha.I promptly submit th s Con l ra C' accordin£ to tt,c terms and cond1t 1on s o f ~uc t, 1ty ht If the holde1 o f tht: 11ghl o f r1rs 1 rt:lusdl ttH::1c1s1::s SLI Ch n ghl o r tilt: ho '<Ja r o f a ngnt to approve disapp roves th•s Con1ract, this Contract shall ter mmat e. If l hc right of fir st refus al is waived cxplic1t1y or expires . or mo Contract 1s approved, this Con 1rac1 shall ruma1r 1n lull force am1 eff ect Se ll e, shall ::irom :'.lUy notify Buye:1 In writin g of the fo1ego 1ng If ex piration or wa iver of the ngh1 of fits! refusal or Co1trac1 aporova! has nol occurred on 01 bel orc Right ot Fir st Rotu sa l Dead line (§ J), this Cont·act snail th en terminate. 8.6. Tltle Advisory. The Title Oocumenl s aflucl lne 1.1ttc. ownershi p .lnd use o f the Property and should be revie,.,,od carefully Addihonc1lly, ol hor matt ers not 1cflecl cd In the TIiie Documents may allect the t1lle , ownersnip and use of the Pro~ny, ,nctu dm g , wi thou1 lim1 1a11on , boundary l ines and en croactimonts. area, zornng, unrocorded casements and claims of m1scmcn1s. teases and 01h0 1 unrecordl•d agreements . a1d various taws and govcwnontal reg ulai10ns co nce rn ing land use . dovcloprne nl and 01vironmon:ill man ors T l1 c sur1.ico osl ate mat bo owned soporately fr om the undo rlylng m l noral estate, and t rans for of tho s urfaco ostate docs not necessarily lnclud o transfor of t ho mlnora l right s or water rl i:rh ts . Third partlo s may hold Interest& In oll . gas, o t her minerals, g eothermal en ergy or water on or under the Property , which Interest s may g ive t h em rights t o e nter a nd use the Property Sur.h m~ller.:. m;1y ho e xduda· Buyer 1s advised 10 um ely consul: legal counsel with rcspccl :o all such maltors as there am s1 nct t1mo l imits provided m th is Co"\trac; [e g, Rocor d TIile Obj ectio n Doadllno (§ 3) <1 no OH-Record Mntt crs Obj octlon De ad line (§ J)I 9. CURRENT SU RV EY REV IEW. 9 .1 . Curront Survoy Conditions . If the bo;.. 1n § 9 1 1or §9.1.2 1s chcch.cd, Bu)e,. the issuer cf lhe Title Commitment or tne provide r of the opinion o f utle 1f an abstrac t. and n/a snall recewc a Curr cn l Su rv ey. 1.c .. Improvement Location Ce,'tiricate. l rnp rovcrne m Sur\ey Plat o r other form of survey se1 forth m § 9 .1.2 (collectively, Current Survey), on or belom C urront Survey De a dline (~ 3). The Current CONTRACT TO BUY AND SELL REAL ES TATE. om n1crc1al P~ic i tlf 16 c·1 Mrtnn11:i.m cnm C 20 1 ! CT M Softv.:i 1t Coip Survc~• shall bo certified by tho s urveyor 10 all those "ho mo lo receive tno Cur:ent Survey D 9 .1.1 . Improvement Location Cort lflcale. 11 the b->x in th is§ 9 .1 1 Is ch&c.<ed . :=!Seller O euytH sha!I orde r or provide. and pay , on or before Clos ing , 1110 cost or an Improvement Loc alio:i Cort if l cato n 9.1.2. Othnr SuNny ti lhC' ho• in this § 9 1 2 is checked, a Curronl Surv Ay , o thor 1Mn M Improvement Locati on Cert ificate , shall be an D lmprov omonl Survey Plat D n /,1 The por11e:; ag roc lhnt p..,ymc:nt of 1nc co:;t of the Cur:cnl Survoy Jno obl1g at1on to t1rder or provide th o Cu rrent Su rvoy shall be as follows :.cn:..:l •'--------------------------- 9.2 . Survey Objoclion . Buyt?r shall havo l h~ uyht lo tt,vit,w dt1 d ol.i;t:-~I lo the Cu1rt1 :il Sur\'tty Buyt-1 shall have tho Right lo Termin ate under§ 25.1, on or befor e the Current Survey Objection Dea d line I§ 3). tf lfle Cun .mt Survey ,snot timely received by Buyer Of' b.1 sed o n any unsil hslactory m atter wI lh the C uren' Survey , 1101 w11 hstandmg § 8 2 o r § 13 DISCLOSURE, INSPECTION AND DUE DILIGENCE 10. PROPFRTY DISCLOSURE, INSPECT ION , IUDEMNITV, INSURABILITY. DUE DILIGENCE, BUYER DISC LOS .ND SOURCE OF WATER . 10 ., .;,o l ltir's Property D lsclo9urc D oa dli11e . 011 or LJt:fu•t: Sullo ,·!> Prop"-'rly Oisc tus ·JJU Dea dline (§ 3). Sclto r Hgrf!es to deliver 10 Buye r lhc mos\ curre nl version ol th e apphcablc Colorad o ~cal E sta te Cornrniss:on's sonar's Propert y D1 sc Iosuro torm GOrnp lctcd lly Sell er 10 Sener ·s actual kn,;;.,...rt:.::;e . current as ol tne date ol th1s Cnntrac l 10.2 . Inspection Objection Ooadllne. Unless o the rwise provided In th is Contract . Buyer acknowledges ttial Seller 1s convoying !he Property 10 Buye r m nn ·as ,s· cond1l 1on, "where 1s' and ·w1l h all raults". Sell er shall disclose to Buyer. In w nhn g, any la te nl defec •, actua ay known by Seller Buyer. nchng in good fai:h, shall have th e nghl to have inspections (by one o r m or e ird t,,a rh cs. pers onally or bo!h) of the Propert y and Incl usions (!nspccllOn). ill B11 ycr's expense If (1 J tho physic.ii cond11t on ol tt ,e Prope rl y. 11cJu deng . but not hrn ited 10, th e roof. wa lls. ~lrur.::l ural n1l(lgr 1ty of the Property , l ne c loclnc;1I . plumb,ng H V A r. ;u1c1 ol h m rnpc hrf nir.ru ~yc;tnm<:. nf lhA rropony {2) lt1e phys1cJI cond1h on o f 1hc lnclust0ns. (3 ) scrV1 ce to the Prope n.,. (including ut1I11es and commumcat1cn :;orvlcc:;), :.y:;tc m :; ond co mponcnis c f 1hr. Prouc:r\}', c .g hooting Jnd p lumbing. (4) an} p ro posed or cx IstIrg m11spa1!al1on proiect . road . stree t o r h1g tw,.:iy . 0 1 (5) any o lher ar.l iv11y odor or noise {whc tncr on or of lht: Prop~rly) 1:md h!-t dlecl or e...:pec ted etlect on the Pro perty or its occupants i:s unsal 1:sfa ctory. in Ou ycr's sol e sub.oct1 vc d1scretmn. B uyor shall, on C'f be for e lnspccllon Objection Deadline (§ 3): 10.2 .1. Nollcc to Terminate . Notify Seite r In \•,ntl ng mat th is Contract Is ro rm lnat!?d ; or 10.2.2 . Inspection Objection. Delive r to Soller a w ritten descripti on o f any L.nsallsfa clory phys1c;;ir condtho n thal Buyer recuIres Sellar to correct Buyer shall hav e th e Righi lo Torrmna te under 453 § 25 .1. on or beforr. Inspection Objoc tlon Deadline (§ 3), based on any unsal 1sfoctory ph ysrc.:.1 1 cond mon of the Property o r Inclu sions, in Huyera€ '"s sole S'JJ)eC lI ve d1scr e t10 , 10.3 . lnspoctlon Ros olution Oo3dline. It an Inspe ction ObJecton 1s rec:0 1vcct by Se!ler. o n or Mtore lnf>poctlon Objoction Onadllnn (§ 3),M d if 8u1er ;in d Saller ha ve no! agreeo in writing to a settlem ent thoro of en or bolore Inspect ion Resolution Deadline (§ 3). this Contracl sh.ill termina te o n Inspection Resolution Oe:idllno (§ 3). u n!cs:; Seller rccc ivou Buyor't. w,iuun w11hdmwa1 of tho lnspoct1 on Ob1eclion bclorc su ch te rmin ation , i -J. or or be fore expir atlon of Inspection Res olullon De adline (§ 3) 10 .4 . D am age , Uon!i. and Indemnity. Buyer, e >C copl o s Ol hOIVl ,Se proviaed In \hi:; Con:rocl or othe r wri llon agreomont be tw aon tho parties. Is responsibl e for paym ent for a11 Inspccl1 ons. tests . surveys . eng mocnng reports. or any o the r work pcrfon r cd al Buye r's rcqut!s l (Wwl:) ;;t1H..I shdl1 uc1y I.Jr <m y l.ld 1ndQu thut uu .. urs tu the Property and Inclus io ns as a re sult of such Worl Bu ye r shall no t permit clai ms or liens of any kind agai nst the Pro11e rty for \f/o('-1, performed on tne Pro perty at Bu yer 's request. Buye1 ag re es to 1ndernn1 ly , protect ano ho ld Selle , har m lC5 j fr om and against a ny l1 ab1l i:y . damage, cos l or exr,ense incurred by Seller a rd ~JSCd by any such Wo1k . claim . or hon n ,s 1ndem11 ity includes Se ller's nght to recove r all costs and exper i es Incurrec .,y Seller to defend a~amst any such lrabihty , camitgc, cost o r exoense . or to enforce th1s se ction , includ ing Selle r's rea,onahlc a!lo rney fees. lcgiJI Ices and ex penses The provIs 1ens ol this secl1on shall survI vo 1ne te rmInatIon o f tlus C ontract 10 .5. lnsura blllty. Buyer shalt have lhO nc1h t lo rev iew and obJe ct to the avmlability, torms a nd cond 1t1ons of an d pr crn1um for property ,nsur:m co (Proporty lnt.J1anco) Buyo1 r.rm U havo IM Right to Torm matc under§ 25 I , on or before Property lnsuranc o Objection Do.J d l lne (§ 3). based on any unsal!sfacto-y provismn of :he Properly lnswanc:e. m Buyor3fl"' s sol e subjecti ve di$c 11.,tion 10 .6 . Due Ol l lgonco D ocumen t s . Seno r agrees to deh vor GOpics of tho follo w ng d ocurl'ents and !nrorm a1 1on pe nam1119 to th e Property (Due 0 11 .gcnce Oo cu·nems) to 9 uye r on Of Ut::lo 1e Duo Oll191:111 cti Documents Delivery Ocadtl ne (§ 3 ) to lhe extent such Due Di1igenco Documents ex1s l and a re in Se l'era€11,j s possession- 10 .6 1. All current leases, inc tu d1 n9 any amenamen1s or other occupancy agre e ments. pertaining l't\SJ-10•! I CONTRACT TO HU \' A1"D SELL llt ,\L l::S 'I ATI:: · Co mmercial l'Jgc Ii ol l ti L I MeCN11 1.1 C'ts !{I!!' 0 ..'.0 1 ~ CTM SoftY.art• (,1f'J\ 10 the Prooerty {leases) 10 .G.2 Prooeny ti:I X Od l:; lor lhC tosl 2 ycilrn 10 .6 .3. As-bu11I conslruc11on plans 1olhe Propery un:1 tile ten an111nprovcm e1ts. mclud1ng archllecturnt, erec1ri ca1 . mecllarncal. ano s1rucu1ra1 sys1em s. en g ineering 1opt1rt!,. anti po,.nanunl Corl ifi wtt~~ of Occupancy . 10 the extent rJW availab le , 10 .6.4 . A 1is1 o f all ln clu smns 10 be convcyud to Buye1. 10.6 5 O oornt1ng s1a1emen1 s for tha r>~~I _ynar s. A 10 .6 .6. A rcnl roll ac curn tc and cc rroct to tho date of this Con:·ac1: 10 .G.7. All cu rrf!nl lesses. including any nni!'ndmo nl:; o r other occ upancy ngrcomcnts, port::unsng to :lu.i Pr operty (Leases ): 10 .6 .8 . A sc11odu lo 01 a ny tenant i mprovement ,,..o,k Se ller Is obhg ared to comp1e1e bul Ila:» not ye t completed and capita l improvement \r\Ork either schcduloci or n pr occS!> on the •late ol lh1s Contr act; 10 .6 .9 . All Ins·uanco policies pcrli'.u ning 10 the P roperty c111d co pies of any cla im s w hich have boon rn;ido for lho p as t 2.... yo.t "'-: 10 .6 .10 . So ils r,'""(,11,;, Surveys anti cn9incor111 !) ropons or jala perta ining 10 tho Propcny (,t not de1wcrcd earlie r undor § 8 .2), 10.G.11 . Any ar • all ex1 stIng documentat1o n and reports regmdng Phase I mid II cnwonmenlal repo1 s. letter s 1es1 resu lls . .1d v1so nos, ana si milar documen·s re spcclfv c to the o"i~1 011cc o r I u11 u 11stc1100 of .:1sbe 'iitei,;, PGd lrans formers, or o thor toxic ha£ardous o· con1a m in111oc substances, and/or undorground sl orago tan!o.s a ·d /01 raci on gas If no reoorts aro en Seller's possession o r known lo Selle·. Seller sh all w amml Iha! no sur.h ,·e,'>O rt s n re m Se ller's poss cssr:i n 01 known 10 Sc!lor: 10.6 .12. Any Americcm s with 01 rmb 111/,es Act rcpmts. r.tuc1os 01 survo ys concc r111ng the compl nncc :if tho P roport ~• w ith &.1 Ic Ac1; 10 .6 .13 . All pc r rniis. hcense~ .:md othe· 1Ju1l:.t ing or use a ut horizatio ns Issued oy any go·,mnr · •.m tn ! i:1U lt1olit1 wi\/11ur ,~l1 1chui1 0 \er 1110 P1opt:1ty ;md w 1111on no1tce o f any viola1lo1:s ol any such pc rriI1 s. hccn sos 11r use auth onrn t1ons , 11 nn\, ;rnd 10 .6.1-I . Ol hcr Documents n l a 10.7, Duo Dlllgoncc Documonts Conditions. Buyer sh;:11 have the nght to rov1uw and obJecl lo Due C1 I 9onco Oocurnon t&.zoning am.I an , use rcstm:tIons imposed by a ny govPr nm('l nt;i l ilQonr.y wth jun!,Cl 1r1 1nn nvnr the P1 o;>erty (Zoning) m Buyer's sole sut1ec11ve d1scrct1 on , or Sol1or's fai lure to deli ver 10 Buyer all Duo D 1Igence Documents Buyer ~llnll dl~o llave me un latoial righl to waive any cond ition herein 10.7 .1 . Due Oiligonco Documonts Objection. Buyer s ll.:.U have tho Right to Terminate under§ 25 1. on or totoro oue Olllgon ce o ocum onts ObJocuon Ooa dl lno (§ 3). oasco on any unsa11sl ac1o ry m.:111 eI with !he Du e D Ihg enco Documen ts, 1n Buyor's sate subJeC11vc d1 scrohon If, howev er. Due D1hgence Doc;rnonts are r o! l imc ly dcI1vered under § 10.e. or 11 Sell e, la:ls to deli ve r all Due Diligence OOaJmen1s to Buyer. then Buye r shall h,,vf' 1~e R19ht 1n TP.rm111;il f' under § 25 1 on or belo re the ear lier of ten days arter flue Olllgcnce Documents Object ion Ocadhnc (§ 3) or Closing 10.7.2 . Z oning. Bu~or :;hnll have the R,g nt tJ Torminato u ndor § 25 1, on or t>ofore Due Olllgonce Oocumoms Objoclion Dea dline :§ 3). based on a ny unsa ti sfac tol) zon ng, 1n Buyer's sole subJoct1vc dIsc rot1:)n . 10.8 . Due Dll lgence -En...-lronmental, A D A . Buye· strnll have !he nght to obta1r, environmental insp ect ons :if tho Proper'\ incl udi ng Phase I and Pha se 11 Environmental Site Assessments. as appI1 ca:J le Osnller ~1•yar shatl l ,rder or provide ~ Phaso I Environme ntal Site A ssessm ent D Ph~"i O U Envi ronm ent ~· ~Ito As se~sm un t (comphant w1lh I\S rr.-1 E 152 7-05 stan dard practices fo1 En111ron,,,ental S1 1e A5soM menls) ena lor O n l a nl l ho c -.;pc n!;C of D So llor D euyor (Em1 ronr 1onl:JI lns,,o chon) In ad:l1ho n, Bu1c r may also conducl an evilluallon whet her the Pro ~,'i"n y complies wi th tho Amoncons ••:;:: 01sa o,1,t,es 4.cf (~DA Evaluat10·1 ) Al l such In spect1ons and eval u, l iens shall tic conducted at such tJm es as a re m utu.ill y ng moabla to m1nl m11e the 11tc1ruphon o f SP.l!c r's and any Seller's tc na nl s' business uses ol the Propert~. ,r any If Buye r'!> fJ I1ase I t nvuonmc ntal Site Assessment recommen ds a P ha se II En viro1 mental Site Asscssmon:, the Envlronmontnl l ns poctlon Objec tion Doa dllno (§ J) $hall DC e "'lend ld by _d ays (Exte,dod Cnwon mon:ot l n:;por~11on Objoct 1on Oo ndlinc ) 0nd if ouch F x·ondod Enwonmunla1 lnspcC JOn Objecti on Dcadllnn c x1ends beyond 1hr1 Cto s lng Dal o(§ 3 ), !he Cl osing Date(§ :l ) shall :>e extended a hk.c poriod ol bme . Buyc, snail have tne R1 gnt 10 Tonninate 1nae r § 25 1, on ,..,, lJ~fo,e Envhonmont.il ln~poctlon Objecti on Doa d llno (§ 3), or if applicab!o tho Ex!o nded Env:ron mental tn spect1on Obiec11 on Ooad hn e, basod on a ny unsahsfactory results of Env ronmertal l r spec110n . m Buyer's s ole sub1echve d1 sc1 0l1 >n Buyer shall have th n R iont to I er mrn atE und er § 15 1. 1>n o; bel ore AO A Ev.1luatlon Objectio n Doadl1 "10 (§ 3 ), based on any unsallsfactory A DA E·,aluauon , m B uye r's sole subjech \'e d1scre1 1on 10.!>. £,doting Lcaso~; Mod lfic.1t1on of Existing Lo3 sos; Now Lo.a;os. Sol er states lhat none of 1he Leas es ~ be assigned to the B uy er at the time of Cl os1 ng c ont,1I n any rent co ncessions, rent reducLons 0 1 (BSJ-10-11 C:lJNT ll•\C."1 TO HU Y AN D t;;FLI RE1\L EST ATE · Cummr1 l 1;il !'age O o f 16 rent abatements except as d1 sclosor1 in l hc Lcc'ts e J1 ot e, w111 1ng ,cc.mvcd oy BU/er Sctlor snail not amend ,1 Ht:1 rnOd ",. extend or ca ne.e l any of !he Leases no1 shall Se'lcr enier into nny new leases alfeclmg tho Property ~'.'o, w1 lhou1 Ille pnor wnaen con crit of 3uyo·, wh1C h corisent sha I nol be unreasonably w 1t'lhclc or de layed .. , ., •l·' 11 TENANT ESTOPPE L STATEMENTS. 1 t. 1. Tonant Es toppcl Statement s Con d itio n s. Buyer sna~ have the nghl to review and ob1ect to any Er.10:>pol Stale 'lmr1 ts Seller shall o btain a11d dchver to Buyer on 0 1 bctore Tenant Es toppcl Statom o n ts Oon dlln o (§ 31 siatP.mo nt s 1n a fom1 ~nd substance re.isonat"ily accep:aote to Bu ver. horn Mch occu :,ant 01 tenait at :he Property (Es toppel S tatem onl ) anached to a co:1)' of such occupants or tenant's lease and a.,y amo1dm1>rit s (Lcnsc) stating 11 .1.1. The co rnmoncomcn: date of tl'o Lcilse and scheduled 1cm11na11on date o f the Lease. 11 .1.2 . T hnt 531CI I OclUO Is in l ull fo rce ancl ofl oct and :h~l th r havo been no subscqu~nl mod f1cah:ms er amend menls. Seller 11 .1.3 T he amount o f un y 11dvonce rc ntolG r,,:11d renl conccc!:.1cn~ g I1un , .:in d depos1ls paid to 11 . t .4. T hu a11101.1n l o r mon11,1y (o r 'hm a pplicabl e period) ren1.01 pmd 10 Setler, 11 .1.5. T hal lt,ere 1s no defaull und e, fle te rms of said Lease b 1 landlord or oc:::upan1 . and 11.1.6. Tn I tho Lease 10 wl nt.h u,lj E~tuµ1 t,l 1'> dlldt.h u d 1!'> a trJe . c.011,1cl and complete copy of the Lease dcrnis1ng the prern1sos ,1 describes 11 .2 . Tenant E s1oppo l Statcrncn1 s Objection. Bu yor s11a1 11.tve 1110 Right 10 To111111 1..1 lt:i u 1der § 25.1 on o· be lcre Tc n ,'l nl Esto p pel Statemenl s Objection Deadlin e !§ 3). based on any unsa t1sfac1ory Estoppel S1m cmc111 . 111 Buyer's so e subJPct1 11e di sc re tion o r 1I Soller la11s to dell ver l htl t stoppel ~1a1e rn on1s on or oei ore Ten ant Estoppo l Statcrn onts Oe,1dlln c (§ 3) Buye, s,;ill also h ave the unil alcr,11 nghl to wa ive any unsnhsfact o ry EslOf)pe l S1a1emon t CLOS ING PROVI SI ON S 12. CL OSING DOCUMENTS, IN STRU CTION S ANO CLOSING. 12.1. Cl osing Doc urmm ts and Closln g lrirormolion. Seller and BJyer shall .:oopcuile w11h :he Closing Cmrpany 10 e nable 1he Cfos1nr Company 10 prcpa·e ond d nhver docurrents re quire d for Closmg to Buyer amt ScUt:r and their Oe sgnees , II Buyer is olitaimng a ne w lo an 10 pu1chase til l! ::iruµuuy , Buyur dc.k 1•uwlcJy1.n, Buyer°s lender shall be req uired 10 ;:iro vlde the C losing Cornp3ny m a hmoly manner a l l required loan documents and fmancm l 1nformat1on concerning Bu110 1 s new toan Buyer ano Seller wIll lurn1sh any add1tlona1 tnfo·maI1o n and documon·s r q1.wec by Closmg Compnr.y that w ill be necessmy to complete this tra nsoc1101 Buye r and Seller shal' sig n and corn~lele alt cuslom;iry 01 reasonab1y re quired docum en:s al or 001o rc Clos rg 12 .2. Closing l n strucUo n s . Buye r and Selle r a:,re"! to ex~ u\e lhe ColorJdo R&.tl ~slate Commiss1on·s Clo sing Ins tructions Such Ctos1ng lnstruciions □Ar e 0Ar o Not e:,ecuted w ith lms Cor.:ract Upon mutual P:rncut 1or □Se ll er D euyor shall doh,or such Clos1 nq In st ructions 10 !he ::1osmq Company 12 .3. Closlng. Ciehvory of dee d frorn Sel!e r to Buyer shall be at cfos!ng (Closing) Clos ing shall be on tt 1e c;a l e spec ified as tne Closing DRl o (§ 3) or by mu:ual ag reement at an ea1lle1 dill<! The ho ur .ind place cf ClosmQ MU TU AL A GREEMENT OF BU YER :.hall be c!; d o::ugnmod by A=N~D-=S-=E-=LL~E~R~------- 12.4 . Dis closure of Scttl cm ont Costs, BJyor and 5eller acknowledge th at cosls, qunl 1ly . an:I eK tent of service vary l>c1ween d1 Herent scttlenient service prov1do r::. (o g . ~l!lorncyt., lc ndo1s, 1ncpectors 3nd title compamc5) 13 TRANSFER OF TI TLE SubJ t!CI 10 1enaer or payment al Clos•ng a s req uueo nere111 and c :,mphancc by Buyer w11n me otnc1 terms and pro·,1s1ors nrreof. Seiter snan e1te cu1e and deliver a gooll aml sur1 c.u:ml SPECIA L WARRANT Y cec d 10 Bu,•cr , .it Closing, convay1n g the Properl y tree and clear of all ta '(es e'<cepl the general ta>es for the year of C losing Except a5 provided here n, 11Ue shall be conveyed lroc and c ear ct all li en!'!, mCIJd1rn;; any govc~nmcnwl hens for special n1p1oven1ents 1nsta11 9d as c l Ille date of Buyer's Stfjna ture hereon. whcl her assessed or not -,lie &ha ll be conveyed sub1ec 1 to t 3.1. Those speci fic: EK cepttons descnbed b~• reference to recorded docurnonts as :ntlcctc d 1n l he Tille Docurnon1s acx:eµt ed by Buyer m accorda nce with Record Tr tlo Matter s 1C· s 1). 13.2 D1o;1n b11!1nr· 11111!1 ~ fl.t~P.ments (mcluding cab le -v t 13.3 Those spec1r1 caay dcscnbed ughts of third pan ,es not shown by 1ha publ c records cf w hich Duyer hal aclual k oowlcdgc unrJ v.111 ch were ~cccptcd tt y Buyer in ncoord:m co ,-.1 1h Off-Rucord Tille Mr tten; (§ 6 2) and C urrent S u rvey Rovicw (~ OJ . 13.4 , lnCIUSIO II o l lhe Propeny Wl\ll1n 3ny sµec,o.!1 \d XIJIY l h:,lnr:.t. dlld 13 5 Other lc,11.::•'------------------------ CH~J 10 11. 1.;0N1 llAL T IO DU Y AN D ~ELL Rr ;\j ES TATf-Com mc1c1:il dllJ ... 81:' UJJ .,, "" BJ6 "" BJ8 BJS b•O a:! S I :! .,, S•l•t .,, .lj,16 "" 6•1H . ,. 810 SS ! S!.;> &IJ 8)<1 85' a~r, 0~ / "" 5\9 o,o hh, ,,,,,, a,, a:;,, !lbS 866 Of.;' "" M,Q a,o 811 '" 91 : 81,1 !!IS O:Pb sn .,, 8'9 880 '" 86:? 68) 56<1 "' ... '" ;.sa n,g 890 '" i;.~ • . ,, R'l,1 B'lS .,. ,,, 8'0 8 1Hl 900 ,,, '" 90) "' 'ID~ 14. PAYMENT OF ENCUMBRANCES . An y encumbrnncc requrc d to be paid sm111 be paid al or oe !ore C losing from tne proceeds of !h,s tra nsaction or from ;my other source 15. CLOSING COSTS, CI.OSING FEE . ASSOCIATION FEES ANO TAXES. 15.1. Closing Costs. Buyer nnd Seller shall oay . In Good Funds, th e1; respective closing costs a 11d oll 01 h01 i:om s required 10 bo pa id ot C lomng , oxcopt as o lheuw,sc provided huroin 15.2. Clo sing Servlcos Foo . Th e fee 101 real csta1c dosing servttes sna ll be pad al Cl osmg br ~ Buyer O Seller D One-Ha lf by Buyer and One-ti alf by Soller 0 Ot hor :.:nl:.::•c._ ______________________ _ 15.3. Slatus Lotter and T ransfe r Fees . An y fees incident 10 the issuance ol Association's -.I;II wnonI ol rmr.ossmr.nts (S l;i \us Leiter) shall be paid by BuyorSollor D ono-Halt by Buyor and One -Ha lf by So ller □Non e Any tmnster feos assessed by tile Ass:>cm!IO n mcluding, bu l no l l 1m11 c d lo, an)' ,ect>rd change fee , regard es s of name or llllc of :.uch :cc (k,:.ocial1on ':; Tron:.fc r Fee) :.hall t ~ p::i id by D Buyer D Sollor O Ono-H alf by Buyer and One-Halt by Sellor D Nono . 15.4 . Local Transl or rax. D fho Local Trnnsror Ta x ol 11/d % o l Irle Purch11 se Pr cu shall be l)Did al Closing by D Buyer D Seller D One-Half by Buyo~no-Halt by Soller. □Nono 15 .5. Private T ransfe r Foe . Private transfer fee s and ol her lees duo to a tra nsfer of u,e P,openy , p ayable at C losing . such as co rnmun IIy association foes , d evelooer l ees and fo unda'.1on lees . stmll be paid al C loS1ng by D euyor □Seller Dono-Half by Buyer a nd One-Half by Seller □Nono . 15.6. S:1te s and Uso Tax . Any c.;1 1As a;1d use t,1x l n:1 I m ,1y :1c-r.rue because o f this transacllon shall be paid when due by D Buyor O Seller D On J -H alf by Buyer an d Ono-Half by S eller D None . 11,j , Pll:ORAflONS. The loll o Nlng shall be p·ora1cd 10 Closing Dato !§3). o:..cop t ilS 0 1t1cr-NIse prol-'IdeCJ . 16,1. Taxes. Persona l p roperty lax es. ir any. special laking d1sIfic1 assessments, ii any, and y~ntm1I real eslale t.:ix es for tho year of Closing , basM on D Taxes for !he Calenda, Year lmmedialely Prcco dlng Closing 181 Most Rocent MIii Lovy and Most Recent Assessed Va l uation, od1usIed 'Jy any Hpp licnb1e qu.1lifyin g seniors propo 1y ta < exemption. 01 D Other ~";~•------------- 16.2 . Rents Rents based on D Rents Actu ally Rocclvod Accrued . Al Closing, Seier st-all Ir.1nzfc r 01 cre.1 1I to Buyrr thl'I cocurny dopoi;lts for all LeaHS assigned, o r any re ma.ndor ahu· lnwfu 1 J educt10ris , and nol1f) a ll lenan:s In wn l 1ng of such tr<.111sfcr and of the transferee's name and address. Sel or shall assign to Buyer all Leases in effect at C!os1119 and Ou yor stiall assume Z eller':; obtignt10n5 un:1o r such Lcozes. 16 .3. Association Assessmonts . C urrent ,ogulm Associa tion assess men ls anJ duos (A ssociaI 1on Assessmenis) paIa In aovancu sI1all ut:t 1.:1tn.l11ed 10 Setlt1r di C los1 11y Ci1:ih ,usci vus 1161d o ut v i !l'lu ,egu.:J r Association Assessmonis for defe rred ma,ntenancc by the AssociaMn snail not bo crodrl ed to Soll er Clce pt as may be otheMise provided b'f th e Governing Uocume111s Buyer oc1c.nowle<19es tnal Bu ym may oe oohgateCI :o pa·, lhe Assoc,"'hon. "I Closing. an amount for reserves or working cap ital Any special assessment assesse d pnor tc Closlng Date (§ 3) oy the A ssoc 1at1on sh rt U be the ob~1gation o f □Buy e r □Se l ler Ek cepl howover an y spec ial assessment by the Assoc1 alion for Impro-..emc1ts thal ha ve beon 1nstallod as of lho dale of Buyei's signa ture hereon , wtic:ncr asscssod pnor to or aflcr Closing. sha ll be tho oohg .1I100 of SeUor . Seller represents l hal tho t.ssoc1at1•1 n AssossmenIs are currently payable at S __!!!j}__ pN -~ ~nrt tt",,1 I !here ;ue no unpaid regular or spedal assessments agamst tho Property C?:..ce pt th o current rngular asse ss monts an j n /a Su ch assn ssrn cnl o ore ::;ub joct to ch.ingo o:; provided in l hc Governing Documents . $otter ogroos lo promptly request l he A ssociation 10 deliver 10 Buyer bcfc·re Closing Dato (§3) a cu rrent Stat us Leuer 16,4. Otho1 P,01atiu11 s . Walet dl1 J :.uwur t.hdryu:.. ln l ~11.!SI en conhnu1 ,19 loan, and n 'o 16.5 . Final Sottlemont. Unless ott1cr.v1 se ag re ed 1n ..... ,ting, the se proratIons shall oo final 17 . POSSE~,SION . Possess ion o f tne Properl y shall be dei,vcrcd 10 Buye r o n Possessi on Dato (§ 3) al Possossto n Time {§ 3), su b1 ~ct 10 the f · wing Le ases or IcnancIes n/a If Seller, alter Closing . fa ils 10 oeliver possess ion as soc cil1od. Soll er sha ll be su bJoct to ovIchon and sha !I be ndC:111onall y ha blc to Buyer , ,, po ym!l nl of $ 300 per ct ay (01 c'.l ny par! of o day notwith standing ~ 18 I ) lr om Pos ses sion D to ano Po ssess ion Tim e(~ 3) unlil possoss10 n is :'le l ,v ered . GENERAL PROVISIONS ~~; 18 OAY ; C OMPIJTATIOf,1 OF PE RIOD OF DA YS, DEADLINE 908 18.1. Day. As used In this Contracl the term ·day· snall mean lhe entre day cndmg al 11 :59 pm., Urnl e:l 90 CJ Staie:. Mounto1 n Time ($1.:md.l :d 0t O~yli ghl 'iavmg!: as apphcablo) : :; 15.2 . Computatio,.. of Period o l Days, Doad ll no. In computmg a period o f days. when lhc ending date 9 1 ;i 1:. 111 ,1 t 1J u r.;1t'i ... -1 . I/It, r1r!>I r,.ldy 1:. 1:1 Ll ud1::11J and l ht! lasI day 15 Included, c s Ihree days c'.l ittJr M EC If any dcaah no 9 13 fa lls on a S aturdav. Sundav or federal or Co'orado sta to ho hd av (Holidav). such dead hne ~ Shall O Shall Nol c"B"'S:cJ-,-1-:0.-cl,-I --,t"·occ~'cT~P~,C,,cl T O nu, ANLI SE LL REAL CS'I ,\TE. Commerc1a l Page 11 of 16 oc extended to Iha next doy I/m t Is nol o Saturday, Sunday or Hohday Should no1thur box be checked the deadline shall not be cx1 entlcd. 19. CAUSES OF LOSS, INSURANCE: CONOITION OF , OAMAGE TO PROPER TY ANO INCLUSIONS AND WA LK -THROUGH , Except as otherwise provided rn !his Cont ra ct , lhc Prcperty, tn clu5ions or bo1h shal l be deliver ed 1n Iha condition cxIstmg as or l he dato of Hus Contract. ord1naiy wo ar and lo~r ox.cc ptod . 19.1. Cau s es of loss, Insurance . In the eve nt the Propert y or Inclusions oro damased by fire. other peri ls or Ciluscs of lo:;s prior to Clos ing 1n An amou nt of not more th o'l ten percent ol the tol al Purchase Pnco (P1opcr1y Damage) Seller shall be obligated lo repai r !he 5c1me be fore Closing Dato (§ 3). In the event such r.Jamauc 1~ nul rep -1 re U within said tlrne or rl the darnagc tm.;c ctJ:; :;ut.:11 sum this Co n tract may be terminated at l110 optio n of Buyer Buyar shall have tho Right 10 Term in ale under§ 25 1, on or be/ore Closlng Dato (§ J). t><1sed 'Jll Jny P·oporty Umn;1g o 1101 rnpairo a oc torc Clo sing Date {§ 3) Should l:luyer ctec1 10 carry ou t t·us Contract dcsv11e such Propcny D;;1 mag e. B uyer shall bo e,1t1tl ed to a creo 1t al Clo sin g tor all insurance proceeds that we re ,~cc1ved by Se ll er (but rot the Associ aiion. f any) resulting from such damage to lho Prope rty and lnclu sio11s. oh.:s the amoun t of any dcduclible urovittcd for In sur.h insu rance policy . Such credit sha ll not l.Dtc ced the Purchas e Pnce In the e~en l Se ll e, has not rec-.e1vod suc h in sur ance procee ds prior to Clos ing, the oa r1 1es may agroc 10 (l l(\Cnd the Closing Data (§ 3) or. al tho or1h1m ol Buyer . Se ll er shall assign such proc:o ec1s a: C losing . plus crP.c1 H Buyer Inc amount of any deductible prov1dej for 111 such insu rance policy. bu t not to exceed the total Pu rch ase Pnce 19 .2. Dmnao o, lnc:l usi on s and Sorviccs. Sf'IOuld any 1nctus1on or service (including u \lt 1;1os an d communicn1io1 :;crvicc~1 . ~y :;tcrn~ nnd componc11:; of th e P1opcrty. e .g ., ncutu,g or plumbing , fa •I or Oe damaged between th e cl<.1tc of !his Con lrac l and Clos ing or poss essi on, wh icheve r shall bo earlier . !hen Seller shall be hable fur t/lu 1tmdii w rupt<.J c1:1mw,1 of !:>ucll l 11d usiu11 , su1vicc, :;ys1ern, compontml or fr .-.turu u f tne Propert y wi1h a cnlt o' s1 nii m s1~c . age and qualily, 01 ..in equiva lent credit , bu t on ly to the extent lhat thc maintcna1100 or rop laccment cl ~uch Inclus ion, service . system , component or 11:c.ture 1s not tne resp:ms1r.1 t11y ol the Assoc 1a1 1on, 11 any less any insurance proceeds receiv ed by Buyer covormg such 1ep,1I1 or rcpla cemon: Soller and B uyer are aware ol lhe ex1s;cnce ot orc-ov,ncd ho me wat ti'inty µrognuns ttml may be µ1.:r ch,1scd cm d may cover th e repair or re:>!ac..emen1 of such lnclus•ons 19 .3. Co nd om nal lon. In lhc overt Seller rece ives ac tu::i l notice pnor to Closing thal a pend1 nq condemnation ac llon may re sult 111 ..i ta king of all or par t of the Pro;JC "I)' or Incl usions, Seller ',1lall promotly no tify Buye r. in writin g, of such condemna tion actio n. Buye r shall nave the Righ i to Torrn mate undor § 25 1, on or boforE Clos ing 0:-ito (§'..\).based o :• such condo rnnat1011 ,1 c11on m Buyer's sole subjective discretion Should Buy~r etecl to co nsummate this Contr act aespite sucn d1m,nution of va lue !G m e Propeny and lnc lusons, Buye r stiall be onhl'ocl to o credit .it CJm;ing for ;ill condom n.:,t ior proc:cod:. 3w.lrdcd to Soller for lhc d 1m1nut ion 1n tho va lue of 1ho Pro perty or lnclus ,ons but such cred it shall not mc luelo 1oloca1 1on benefits. 01 o.1t pcnses. or ox.cced the Purchase rrice 19.4 . Wa lk-Through and Verification of Conditio n. B uyer, Lpon reasonable notice , shall have the ngr,1 to walk 1h roug11 the P,opurty p1101 to Cl:ismg lo verify t,at the pllysiwil cond 1t10:1 of \Ile Pro pcny and lnclus1ons compl ies with this Contract 20 . RECOMMENDATION OF LEGAL AND TAX COUNSEL. By signing ln•s document, Buyer an d Soller acknowledge tha t the respecuve broker has adv ised tha t this document has m1ponant legal consi:?Quo nccs and has racommcnd od the el(amnat1on of lll le and consu l!a!mn with leg al and lwt o, olhcr counse l before signing 1h1s Con:racl 21. TIME OF ESSENCE , DEFAU LT ANO REMEDIES . T1 rne 1s ol the ess oncc hcrCL'I If any note or check roco vud as E,1rnosl Moroy hn rcundc r or on y 01h01 p;11•mtm ' duo hcroundor 1!. no! paid, honored or ten dered when due . or 1f any obhgat10n hereu nder 1s not performed or waived as herein provide d, the re sh all be the folt ow1ng romod 1cs 21.1. II Buyer Is In Do fa ult: ~ 21. 1.1 . Specific Porformancc. Seller may c 1cc1 10 1rca1 lhIs Contract as canco\e d, In which case all [arnesl Morey (whelher or nol paid by Buyer) sha ll be paid 10 Sell er and re tained by Seller: anj Seller may recover such carnages as may be propc,r: or Sell er m.iy elect to trcot this Contract as bong in full force and ellcci and ~ <Jll er :;t,a1t have the ngl"l t to specific pe rforman ce or damages. or boll1 21.1 .2. Liquida ted Damages, Applicable. Thi s § 21 .1.2 shalt apply unloss th o bo x In J.1 :J..: i s chocked . Al l E,uncst Money (whether or nol paid b:,i Bu ye r) shall be paid to Seller . and rctmncd by Soller Both paru es sh all therea ltor be 1elcased from all obligations hcroundcr 11 ,s ngroed tha t \Tie Earnest Maney soccified in § 11 1 1s LIQUIDATED DA MAGES , and "IO I a p<;?nalty . wh ich amount the pari1t•s r1oroo 1~ f;1 /r :mr1 rl:','lSO n;,,blc 1ind (except as p,o~rded 1n §§ 10 .4, 22 23 and 24), sa id paym ent of Earnest Mone}' shall be SE LLER 'S SO LE AND ONLY REME DY for Buye r':; fa il ure 10 porform me obl 1g~IJOl'I~ of 1hi:; Contract Sailor oxpro$tly w::i ivc!t H e remed ies of spt..>eific pcrfcrmance a nd addi tiona l dama ges 2 1.2 , If Sti lltH Is In Def ault. Buy€/ may cle .. 1 lu llt!dl lhb Curilldl..l as CdnCelcJ, 111 Hh1ch 1..a~~ f!II \.U N I KALT I U UUY ANl) Sl:.L L Kl;AL 1;.S I A I I: -\.'orn:11crc131 l'agc I ! ol It, ??7 ... 999 1000 100! \002 !00) 1004 I00'i IOOU LJ07 t:>0B 1:109 !:J I U 1:,1: . .,., lj l 3 10 14 101; 1,:11 ~ 1117 1018 IJl9 1no IJ21 IJ::i:! JOlJ IJ]ol l i::!'i 1:1c 1n1 1128 1J29 11:J 1 ~ fl ,J)i ;JJ J )'))~ !))5 :1J(, '.)J7 Earnest Munttr ,ecc,vell hereunder shall be retumL>d and B u)er muy recover such darMgos as may bft proper , or Bu yer may elect to 1rea1 :his Contract as Dm ng in full fo rc e nnd effec l and B uyer siall have lhe rtg h t l o specific performance o· damages, or bo th 22 . LEGAL FEES, COST A.NO EXP ENSES. A11ytt1mg to the con lrary horoln M IWllhstonCling, in tho even l o f a ny arbilralion or llliga11on retatrng lo th1 s Contract, pnor to or alter Closing Date (§ 3), the arbiHator o r cou,1 sh all award to 1110 prova1l1ng pany all reasonable cxms t1nd expenses , lnduding attorney tees, legal fees and expenses 23. M EDIATION. II a dispu te arisc!i relallng to lh1s Contm cl, prior 10 or after Closing, and ,s nol resolved . the parties shall first ororecd ,n good fait h t{I submil the m ailer to modia 11on Med 1at10n ,s a process 1n which the parties mcel "",th ;:1n imparlial person who helps to resolve th e dispulc informall y end confid entially M ed1a 1ors c.,nnot impose nind ng dcc1s10,1s Th o oartics 10 the d ispute must aq rcc , m wntlnq, befuro any scUlomenl 15 b1nd1119 , lhc parties will pintly appoint an acceptable mediato1 ond wi!I shcu c equor .' in the cost of su ch meJ Jallon Tho m odi~t1nn, unl£>ss fllhmwisA Hgroed. s h:1 11 IArminr110 in lhe evont lhe c nl•ro dispute is not resolved w ithin l hiny da·1s of the date wnucn notice rcques11,9 m ediation is delivered :iy ono pMy 10 the othe r al the pa1 t y'r; last know11 addro&s Th is soc\lon shall not allcr any dn lo in !his Contract, un less o therwis e agreed 24. E ARNEST MONEY DISPUTE . Except as othcrw15c provided heretn. E3rr10sl Mono} Holdot s hall reloasc tno Eamos1 Money as drrected by v1111tcn rnutu 11 ulS lruclion s, srgned by both Buyor and Sel!er. In the evenl ol an y wnllove,sy rogardmg the Earnest Money (notw1 l hstand1,9 ony ter-ni nAho n of tnis Conlracl). Came9t Money Hold er shall not be reqrnred tc take any action, Eamcsl Money H older. a l 11 ... ophon and sate sub;ec1111c d1scrct1on, may ( 1) aNail any proceediny , (2) inlerµh::!ad a11 11artie:, uud d i:l µusl\ Earnest Mo ne{ irito iJ cou1 t o f competent 1urisd1 ct1on ano shal recover coun cos l s rmct reosonable auomoy and leg -1 1 fees. or (3 ) provide nohco to Buyer a™l Sellur tha: unless Earnest M oney t-t ::,td cr rece ives n copy Of thO Summon s and Com pla n l or Clalm (bL>twoun B u)ur and Selle,) contruning the c,1so n umbor of tho lawsJil (Lawsuit) wilh1n one hundreo twonty days of Earnest Money Holocr's noti ce l o the part10s . Ea rnos l Money Holder sriall M <.1u tt10nzcd l o re turn Inc Emnosl M oney to Uuyer 11'1 lho cvonl [,1rnc s1 Woney Hotelcr docs receive a copy a l tho Lav1S u1l. and has not mlerplod tho monies at the 11me of any Order. Eilmest Money Ho!de, shall d isburse the Earnest M oney pursuant tc th e Ordo1 of tho Cou1t . Tho oan,es reaffi rm th e obl 1gatron c;I M ediation (§ 23). The provisions JI this§ 2-' aoply only if the Earnesl Money Hold er is one of the Brokerage Firms named m § 33 or § 34 : ~~: 25. TERMINATION . 114 1\ l 'J dl l)•l i J:),1) \J.1,1 lHS I ),16 l J4 ~ 1)46 \).1 9 LHO 1)51 l):i:2 11!:l 1)5•1 1)55 I )55 IJ'.'i7 llS8 l)S'j 1)£,0 IJ61 iJfii 1 1{,j 1)6-l 1)65 \Jbt> J)t,7 \11,M l )69 1)70 IJ/1 1)7;> 1171 1)7<1 J )7'i I )76 I H7 1178 J,)79 I )80 CHSJ-10-11 25.1 . Righi to Termln.:.ce . II a pa ny has a nght to terminalc, ns provided in this Contrac1 (R ighi l o Termi nate). the termination shall bo 0Hect1ve llpon 1hc oltu.ir pa11y·s rece ipt o l a wr llen Mtlcs lo terminate (Notice IC'I TPrmrn;il e ). rirov1ftcd such wr111nn nn1 1cr. was rer.~1ved on or before l hc applicable doadltne specified in this Contract. II the Nottce to Termino le 1s n01 received on or before lhe specified deadline. the pJl"\y with the R1 gt1t to Torrmnate shall have accepted tho spocmed mal\er documenl or cond11ion a5 s;i11c:f;u:1ory ;md waived lhe Rig ht •o errr,nate under such prov1s1on 25 .2. Effoct o f Tormln:a tlon. In the evont lhis Conlract is termina ted . all Earnes t Money received hereunder shall be retumod and Ille parties st,a!I be relieved ol all ob hgations hereunde·, subicct to§§ 10 4, 22, 23 and 24 . 26. ENTIRE AGREEMENT, MODIFICATION, SURVIVAL. This Conl ract, its c,;hiblls a nd spuc1fied addenda , cof"c:t11 ute the cr111re ag ,ecmcnl be lwee n the parties rcla\ing 10 the subject hereol .. 1nd any prior agroemenl :-: ponJ1ning thereto , whether o ral or wnller, nave been merged a r1d ntegra ted into thi s Cu11tract No sub::iocqucr 1I rnod!rica!lon o f any ol tile terms o l trns Contracl sha ll oc Vi.l l 1d, ome1 mg upon ti e part ies. or enforceable unless made 1n w11hng and signed oy \tie part ies . Any ooliga11on in mis Coniract tti.11 . by 11s te rms, 1s 1n1endell ro ce pcr1crmeo afte r ten mahon or Clo:.1119 snall survive lhe same 27 . NOTI CE , DELIV ER,. AND CHO IC E OF LAW. 27 .1. Phy sical Dollvery. All nolces must be in wrulng, except as provided in§ 27 2. An)' d ocument, 1nc.lud1n9 a s1oncd document or notice , lrom Of on be half or Selle r. an(I delivered to Buyer shil ll be effective whe n physically received by Buyer, any sig11atory on behalf or B uyer , any name d in dividual o l Ou ym, n ny rcprcscnta l ivo o l Buyer, or 81 :>kc ragc Firm o f Orolcor wM<tng with Buyer (excepl for de li very, after C los 1nq, of t/1e notice requesting med1at101 described'•"§ 2:1) and cxcep· as provided 1n § 'l.7 2 Any document. inrludhg a signed doc:urncnt or no11 .:..-.. from or Of' o.:hatf of Ruyor. ;md <1r.livcree1 to Seller shall he ette,11vP. when ph~s1c;il y rea,1vAO by Seller. any siyna:ory en behalf o' Sellor. any named 111d1v1dual ol Se ller. any reprcsontJt,ve of Se!ler or Brokcmgc rim, of Orokcr worlung with Sollor (oxcept for delivery, after Closirg, of l he nottc c requo sl 1ng mcdral1 on dcscubed m § 23) and c:i.cepl as provided in§ 27 .2 27 .2 . Eloc tronic: Delivery. As an altc·no11 vc l o phy51cnl dchvc f'/, an)· document, mc:uc!lng .:iny 51gn cd dc.A.Jrnon t 01 wntten no!lco may be dohvcred 1ri electronic form onl'f by the fo'Jowmg md1catcd mo thods: 0 Facslmll u D E~all D lntomol D No Elcctrontc De llvory U u1c oox "No Elut..1rurm. Ocl1vcf) • 1s checked, :his§ 212 shr11 1 not be applicable an,.§ 27 I shall govom nollco and dc '1vcry Oorumcnts with 011911al CONTRACT TO BUY A ND SELL REA i. ;S TATE· C<1 11111mc1al l*:ige I Jo( 16 sIgna1uros Sha I be prov1Ced upon request al any pany 27.3 . Choic o ot Law. Thi s Conl:acl and all d1spu1cs ,;111s mg he rsundcr shall be govemed by and construed in accordance wi th the laNs of the S1atc ol Colorado that woLld be applcable to Colorado residents who s1gn a cont·act In Colorad o for property located m Colora co. 28 . NO TICE OF ACCEPTANCE , COUNTERPARTS. Th is propo sal snall expire unless accepted ,r wnting by Buyer and Selle, as cv1d!mceo by lhcn sIgno1u rcs below, and lhc ollc n ng party wce1ves notIco or such acceptance pursuant 10 § 27 o, or before Accoptanco Ooadllne Date (§ 3) and Acceptance Deadline T1m e (§ 3) H accepted . !his documenl shall become a contra cl between So ll e, and Buyer A copy of ltus oocumonr "r'ldy be e<ecu1 ert h~• each pany, c;ep ;m:1tol y. ;)nrt when ear.h pany h;i~ f'WP.r.111P.rt;) rnr ·, lhPrP n l, ,;ur.h r.nr,1,:,s lil~Pn 109c·hcr sh.ill tie d ecmec to be a full a nd complete con1 rac1 be1 woon tno part ies 29. GOOD FAIT H . Buyer anti Scl l~r ac~nowlcdge th at cacti part y has an obhga110n to acr n good lwlh. 1nclud1ng bu\ nol hm llcd to C)C crc1s 1.,g l hc ri ght:; ond obllgotion s 5CI fortt1 11111,..:-p1 o v1::.i :nv of Finonclng Condi1io n s and Obligatlons (§ 5). Rocord Titlo and Ofl-Rocord Title M atte rs(§ 8), Cu rr Pnl SurvO)' Rllvlcw (§ 9) ano Pfopcrty Di sclosure, ln5pecllon , 1ndcmnlty, l n~urubllity 11n d Due Dlllgance (§ 10) I ADDITI ONA L PROVI SIONS ANO ArTA C HMENTS I 30 ADDITIONAL PROV ISI ON S. (Tho tol10 w111Q i1dd11t0n.11 pro ~1s1orlS hav e nol been app1oved by the C iorado Heal Es1.i1e C omm1ss1on ) A . Th is 1-:; .> CASH OFFER w1rl1 '10 l.0<111 ConcJ1 t1 ons B . Property sf,all b e purchased "A S IS WHERE IS", All wc1 rr,1nties, eJtpr~ss<J d or 11np l1cd, including f1tne,;s f nr p11rp o<e nf 11 ,o;r ;rrr, licrPby w ,11 vtJd by h uyrr C. Th o City of Englewood s hall imposo a d ood .-ns trictt on o n tli c p roper ty tl'l.1 t will r oq1111 c th e b oyer to mait1 tai11 tlfe his torical s tru c ture for a 1.•,mimum o f 30 years fr om th e da t e -,f purch.i se. D. Tll o Buye, sflafl rehabilltato th e 111 s 10 --ic c lement s o f tire s truc w re accordit1g t o the Secrelilry of th e Interiors Standcird s fo r Rehabilita tion . E. Tlw B11 y er wifl µro vidt: /111;: City of Englewood with th e Rig/It of Fir!>( Refo:.r1 I, i 11 lire 11 \•1mt 11 11:1 Buyer s ubsequently sells 1t1 e property wiehf11 5 year s from Ole d are o f pt1rchase. F. Tl,e Ci ly shall not furnish Tirle ln s ur.ince 81 ,yer s h ,1 /1 be responsib le to r Ou: cost and purchase o t a Spe :::,al Wa rranty Deed as agreed upon ,n Paragraph #13 above. Buyer m ay elec t to r ecei ve a Qui, Cl aim Deed in lieu of a Spoclal Wc1 rra nty Deed n o less th ;,n 10 days before close (com111unica 1cd in writing to the C ity) and tho Mayor s hnll rccrird th e docd u pon c o nfirming 1/1.H t he Ci ty has rcce,ved f111/ lunds for the purchase. G. Buyer shall e x ecu t e any other d ocuments n ocessary to consummate th e sale ,l s 1Jrovid ed h er ein alter and upon con sultMion of Buye r's legal counsel. H. Btl)'t!t ~ha ll be fully identified upon E;iccc:ut ,o n o f tl•is Co ntract. Buyor m t ends upun restoring 11 rh n pro{lorly ;inrl usin g i i for profP.s.t;io11al offices. B uyer currently own s ,1nrl operates only o ne 1 1 . i profes sional building m tli u City of Engle woo d. 11·~-, 11 . ATTAC HMEN TS . Th o following .:i re a port ol thl!i Contr JC t : : :1, 11 /;J 11,1 • No to: The foUoN1ng disclo:.urc torrn::; ore nil.ached but ore n ot a ~O rt r,f l h 1:; Controcl 11/,·1 ll•I~ Buyer Family Properties, LLC By: Autllonzcd Agent Add ress El ec1ron1c Address SIGNATU RE S _________ Date 3/1912012 Fax f ll SJ. J(I. 11 CONTRACf TO OUY <\NO Sl:Ll. RE,\l F.S TATE · Coinmrr.:1:il (NOTE : If this otter is being counlerod o r roj oc tod , do not sign this document. Ref er to §31) Da le S~e~. CfTY OF ENGLEVIOOD. n CO LORADO fll unicipal Corpor:won By · RAND Y PENN Address Pt\O nO Eloclr omc Address 32 COUNTER; REJECTIO N. Th is offer ,s n Countorod n Rcjoctod lnitl.11s only of party (Buyer or Sollor) w h o co untere d or reject ed offer CITY OF ENGLEW O OD, a CO L ORADO Mtmicipal Co rpomtion By: RANDY PENN END OF CONTRACT TO BUY AND SELL REAL ESTATE 33 . BROKER'S A CKNOWLEDGMENT S At/0 COMP ENSATION DI SC LOSURE . (lo be completed -:>y Or oker working v.ith DJyer) Broko~ ~ Docs D Doc s Not ackno~-.rodgo reco ipl ol arnost l•Jloncy deposit and . wn1Ie m>l a part y ta tti c Conuact. a grees to cooper.re upon rcQUC SI wi!h a,,y mcd 1c1l 1o n con cl uded under § 23 Broko· agrucs tha t If 0rokerage F1m1 Is tho Ear nest Money Ho!cl er ~nc1 . ex cept ~s pro•Nled 1n § 2,1." the Ea rn est Mo ney has not a lrondy been rc lurned fo llowing rc cc Ip: ol a NoI1cc 10 I cu rn nato or other wr11t en no\Icc o : 1urm1nat1on , Earnust Money Hold e· snail release the Ea rnest Money dS duccted by !he wnuen m utual irstru cllons Such release of Earnes1 Money shall be made w 1tn1n f1,c d2ys of Ea rnes 1 Monoy H o ld er's re ce ipt of 1he executed wntt en mutual l11s1ruclions. p101,1 1ced l tle Eam es: Money check has cle.i ,ed . Br ok er agrees th at 11 Earnest 11,1loncy Ho lder 1s o th e r 1h~11 lhc Brok !mtge Firn idcntif1od In§ 33 or§ 34 . Closm a lnstn.1ctlons sig ned by Buyer, So ll or. and Earncs l Money r oldc r mus\ be obtained on or bo lero deh1,1ery of Earnest Money to Earnest Money Holder Broke , Is working w1 l h Buyer as a ~ Buye r's Ag onl D Sa ilor's Agont D Transaction-Broker In t t1 1s trar.sac110n D T t11s 1s a Chango o t St at us. Brokerage F1 mfs compen sat ion or comr111ssIon s to be p,31d by U Listing Bro kcrago F irm ~ Bu yer D Ot her n /a Bro-1 eragc F,rm·s Name Hom e Real Es tate Dille 3/19120 12 Droker's N ame : B ev M acs Adcress 13 111 E. Briarwood Ave. Ccm erm,al, CO tW 112 Pr1 303-85 8-8 100 Fc1x JU:J ~l:J5tHJ 11 U Email t1o vma os~gma,1.c om 34. BR OK,R'S A CKNOWLEDGM ENT S AN D COMPENSATION DISCLOSURE . (To be co mplotcc l by Bro ke , wo,k•ng w1 1h Se ller) B roker D Docs O lloos No t acknov.'1cdge ruct.:Ip 1 of Ea mest M oney oepos1 i spec1hed 1n § 4 1 and , ~hile not a party to lhc Contract, ag ree~ to coo pe rate llpo n request with any mediation conciucect u,oer ~ :lJ B ro►,e r ag rees th at 11 Brokerage Firm 1s the Earnest Mone> Holde r anct , er.cept as pro1,11ded in § 24. ,f the Earnesl M oney has nOI already been ·eturncd following roce•J>1 ol a Nol1 cc to Tcrmm ate or Oiher wntt e; no:ce ol 1erm I111111on . Earnest Money t-older shaU release the Earnest Mency as ducctod bv !he wnuen mulual 111st,uc11cns Such relea se o f Earnesl Money shall b e made w 1lrn n frie days of Earnest Money H o lder's recei pt of lhe execut ed written mu·ua! ,n-.1rur-tIrnc;, rv· 1,11rtRrl l t-P. EarnHS I MnrPy f'hf'('k M'-r lp;uP.(1 Brciker ,"tQrP.P~ l hRI 11 f;u nP!.I M nnAy Hn ld er 1 .. , ·1lhfH than the Broke rage Firm iden11 r1ed 111 § 32 or § 33 , C lo sing Ins, c t1ons sig ned by 6Jycr . S cl:cr. an d Ea-ne st LU!:>J-l U•l I U JJ\ rltACT TO Il l.I, ANU St.LL KLAL f:Sl <\ l l:. Commi:rt:1l1 Money I lolde r rn usl bo oblmned on or b efore dehvo f) of Eamcsl MonC'y to Ea rnes t Mon ey Ho lde r Bro ker ,s -...orkin g with lhe So lle, as a O Seller's Agent O Buyer's Agent D Tran sacl 1on -Brokcr n 1h, !lfln !.ac11on r h,s 1s a Ch,mgo o f St atus Oro'<CraJe r om's corr pc nsahon or ,; mm1ss1on ,~ 10 be ;>a •d b~· D Se llvr O B uye r [J Other nl a PmkN.'ly> F1rm'c. N ame n /a Bro~o , _______________ Od le ____ _ .Ad dress n /;J n l,1, n ,'a nla Ph n/iJ Fa x n /u Emm i CBSJ-10 -11 . CONTRACT TO BUY ANO S HL R E AL tSIA It (COMMERCIAL) l • I'! r,r r,:,·,~ · .'tl I Cl'~ •"'l•"''\ 1 •• ,q Ltl!:1 .l llt li {tJi'I R:\<.7 TO !ill ,\\JO Sri.I RF AI.F"TAT[ (rn mnm1JI • • • COUNCIL COMMUNICATION Dat e: Agenda Item : Subject: March 19, 2012 1 I a 1 O rdina nce appr ov i11g the sa l2 of th e [nglew oocl Depot. Initial ed By: I Staff Sou rce : C11y Manage r's Office M ichae l Flahert y, D eputy Cit y Manage r COU NCIL GOA L ANO rwr-v,ou s COUNCI i ACTION Cit y Council discussed the in it ia l prop osa l fr om Pill ar Pro pert y Se rv ices fo r th e sale of the [nglcwoo d Depot clttr in p. an l.xec utive Session o n Februa ry 13, 20 12. Coun cil co nsidere d Pi ll ar'< rev is ed proposa l during th e February 27, 20 12 Study Sess ion. Council acce pted by m o t ion o n M,uch 5, 20 12 th e propose d purch,,se pri ce o f $50,000 and 1e1 a publi c hearing fo r March 19, W 12 to ~a ther publ ic in pu t on the p ropos al. RECOMMENDED ACTI ON Staff see ks Co un cil's approva l of a bill fo r an rdinancc for ln e sale o f lh e [nglewood Depot lo Pilla , Pr oper ty Serv rces, I.L C. Th e purcha se include s th e D epot structure and th e .'1 90 ac re p ar ce l on w hich the D epo t is loca ted . (Note: th e s,tl e d oes no t incl ude th e ac' acen t .3 90 ac re pa rce l o n "· h1 ch th e communily gu rd cn is loca ted.) BACK GROU ND , ANA LYS IS, AND ALTERNATIVES IDENTIFIED Las t ia ll , th e City of Engl ewood was approache d by two dtfierent part ies who ex pres seri i nt eres t in purch,1sin g l he Inglewood Depot, l ocated at 3098 South Galapago Str eet. Fo llowing disc ussio n ega rdin g 1he p r1.)posa ls, Ci ty Council requ es ted tha t staff iss ue a Req uest fo r Proposal (R FP) to ensure th at th e sa le of th e pro perty 'Aas open to al l interested pa rti es . Th e RFP wa s I sue d in late November. Un e propos al was rece ive d -the proposal subm i ~ed by Pill ar Pr opert y Servi ces, LL C. I he irnti al pr oposal offered a purchas e price of $3 1,2 t 5 fo, th e properl y. Aft er discussi on and Co ns1dera 11 on, Cot mol asked s1.1 fl to app ru;i ch the represent ative lr om Pi ll ar to deiermin p if th ere was any room for negn t1 ;i 1ion rm th P nff.,.r. Pill;u rPtu rnPd .1 rev ise d prop osa l to pur chase the propert y fo r $50,000. Ci ty Co un cil acce pte d the pro pose d purchase price, pending a public hearing and approva l of ,111 ordi nance for sa le of Cit y property. Th e term s and co nd1t1 ons of the sale ar e as foll ows : • The purchas e prr ce sh ,1II be i,50,000 .0 0 • ;·he pro pert y w ill be sold '1\S IS, \VI-ILR E IS." Al l warr,111ti es, e,prcsscd or 1rr.pli ed, inclirding fi tness fo r pur pos e of use are he reby waived by buyer. • The Ci ty wi ll impc se a dee d res tri cti on 0 ,1 th e pro pert y th at w ill r equi re th e bu ye r to ma in1a in the histo ri ca l S11l!Ct ur e for a rrnmmum perto d o f 3·0 years from the da te of pur ch;i~c . • 1 he Ku ye r will reha bi litate the his toric clemen ts of the stru ctur e accorr.ing to the Secre tary of lh e In t no,·s Sta nd.1rd s fo r Rc habili1 atio n. Th e Buye r wi ll provid e th e lily wit h the Righ t of Firs t ~ef usa l. in th e eve nt tha t Bu yer -.11 hi.P quPn tl y ~alpi:; thP propPr ly w ithi n 5 yea rs fr om the da te of pu r-:hase . • The C1 ty will not tu1111 sh 111l e msur ance 1 he Cil)' will ,1·r,111c;c ior the quit cla im deed t be excc ul ed b)' the Ma yo r dnd reco rd ed upo n c nfum ing that the Chy has rece ived full purch.1 se . BL1yc r r us t execu te any other doc um ents necessary to ons umrn ate the sa le ,,s provide d herein FINANCIAL IMPACT If this ordi nance 1s ap proved, the C ity will receive $50,000 fn r 1al P of 111,., r,rn r Pfly. LIST OF ATTACHMENTS Pa rcel Map Pro p ose d Bi ll fo r an Ordinance • t i i \ I '1 :, .\ .. ,,I D e p o t Pr o p r l y Pa r cf'I M a p Paroel Lot Une• . .,, - • • • BY AUTHORITY ORDIN ANC E NO. SE IUES OF 2012 CO UNCrL BrLL NO . '8 IN rRUDUCED BY L:<.IU l'U, ~!EMB ER _____ _ A BLL L FOR AA ORDINA NCE .A UTHOIUZ ING A CONTRACT FOR T l IE SALE OF T HE EN GLEWOO D DE POT LOCATED AT 1098 O l :TH GA LAPAGO STREE T A.ND PROPERTY TO PILL AR PR OPERTY SE RV ICES LLC BY T HE CITY OF ENGLEWOOD . \VHEk..EA S, m 1994 lhe Engl ewood Uepo t rece ived slal us a~ a 111 ::.to nc stru c ture on the Sta te Regi ste r of Hi stor ic Pro pcni cs , :i nd \\il-l ERE ,\S. in 1998 tht:: C1!y o r Eng lewood purchn sed the Engl ~wood depot rin d ~1x lots nt We!i t Dan m uth and So uth Gal:1 pago from the EngJc,...ooC Hous ing Auth ori:y: and WHEREAS. Pillai Pro~ert) Services LLC sub mi11cd an offer to purchas e th e En~lcw ood Depo t to the 'it y of En glewood ; and WHE REA S, th e Englew oo d C ity Co unci! ap pro ved a Motio n set tin g the pro posed sales ,,m oun t fr om P1llar Property Se r.'J ces, LLC to pu rchase the Englewood Depo t and the .490 ac re parce l on winch ,he Depo t is loca ted for a pur chase price of S50.000 and set a Publi c Hearing fo r March I 9, 20 12; and IV II EREA S, th e Cit y ha s in cl uded certain condi tions fo r sal e as fo ll ows : • The pur chase pri ce shall be S50 ,000 00 The pro pert y will be so ld "AS IS, WHERE IS." I\J I wa rran :ies. exp ressed or un pli ed , inc lud ing fi tness fo r purp ose of cs~ are hereby w·:iv ed by buye r. • The Ci ty wil ! imp ose a deed restr ict ion on the pro perty th at will requ ire the buyer to ma in1ain the his tonca l strn clurc fo r a minimum pe ri od f 30 years from the dat e of purcha se The Bu yer will rehab ili tate :he his tori c clements of the stnictu re acco rd ing to the Secretary of the l1t:crior's Standa rds for Rchabihtall on. fhc Buy er will prC'vidc th e City with the Right o f First Refu sa l. in the event thnt th e Buy er sub sequ ent ly se ll s the pro pert y wi thi n 5 yea rs fr urn th e da te of purcha se . The C11 y w1 !111 0 1 (11r111 sh 111 le in1;;11 r:rn c-c The Ci ty ·.,•ill arrange fo r the quit claim deed to be executed by the Mayor and rrcorded upon con linnm g th at the Cit y has rece 1\'cd fuH pu rchaE~. Buyer mus: exec ut e any other doc umen ts ncccssa:-y to cons u111111,1tt: Ll-ic sa le as prov ided he rein . NOW. THE REFORE . BE IT ORDAINED BY Tl-IE CITY COUNC IL OF THE CITY OF ENGLEWOOD , COI..ORA I)(), TH AT · ~c:1i or 1 . T he City Cour.~i l of thc C ity of En~lcwoo <l , Cu lm isc.lo hc:1l>y auLhu 1i 1.~:t tl1t :-ic1\c: of lhe Englcwc,od 1J c1,ot lccatcd at 3098 Sou th Galap ogo Street , l;ngle wood, Co lorado to 1'1llar Propcr.y ~c.ivices 1.1 .C: a s rl etai le d in til e Contra ct to Buy and Sd ' Real Estate. Exhi bi t A attac hd hereto . St:ct io11 2. The Ma yo r :s hereby authorized t .1 sign said nn d <.:Kccut c doc um ent!. includ ins th e C< ,ntract to r Sale and Deed nccessnry lo co mp lete 1.hc tran f.ac tio n. Intro du ce d, read m fu ll , and p~s<.crl on fina W;\ding on 1hr. 19th <lil y 0f vf arch, 201 2 Pt•b:ishcd by T ille as a Rill for a:1 Ordin ance in th e Cit y·~ offkial ·1c::w~p apcr on 1.111.: 23 'r. t.h1y of Marc h, 20 12 Puhii :;hcd :~$ a Bill for an Ordin:in ce 011 the Ci.y's oftici:i l wc b~it e bcgm11ing on the 2 lu da / of M atch, 20 12 ior thiny (JO) days . Rand y r . Penn, Mayor A1TES T : K e rry B ush, Deputy Clly l'lcrk I, Kerry Bus h, De put y Ct,)' Ck i~: of the Cny of Englewood , Co lora do. hereby c-e ni fy thnt 1h c Love an d fo rt·goi11g is a lru c cop y of a Dill fl,, an Ordin :mcc, in trod uced . ren d ln full , llJ1d pnsscd on first read;n g on th e I 9th day of Ma, :h, 20 I 2. K cny Bush • • • I 2 • 10 II 12 l l 14 IS 16 17 18 19 20 21 l~ 2 3 :4 • 27 ~8 The 11r1111cd ;,urnuu, ur Ltm furm , C:\\.cpt d 1ffe.cn urnc J cddit1un~ hnvc bcc1, ~1iprovcd b)' 1hc Colorad o lt ~ti l Csuu c Comm ission (C D5l -10-11) (Manda<ori• I 12) T HI S FORM 1-lA S IMP OH.TA 1"\T LEG;\L COi\'SEQIJ ENCES ANO T HE PARTIES SH OULD COKS ULT L EGA.L ANO T A X o n 0 I HU< CIJ l li\SEL lH.FORE SIGN I I\G. CONT RA CT TO BUY AND SE LL REAL EST ATE (C OM'1ERC1AL) {0Prnrrrty with Nn R es id enc es) (0Properry with R cs idcnccs-Rcsicl cntin l Addendum Atta c h ed) Da<c : March 13 20 12 AGREEMENT I. AG REE MENT. Uuye r, 1d enufi ed in § 2.1, agrcc:s 10 buy , :rnJ cllcr, 1c!e?1tifie<.1 in § 2.3. ag m::s 10 se ll . the Pro pe rty rlt',,.r nhtrl helnw on lhc 1crm s and co ndi1 1011,. sc i fon h m chi s contract (C ontrn ct). PARTIES AN D l'RO PE RT\'. 2.1. Uu yc r . Bu yc·, Pillar Pro erl Services , Ll .C. il s successors and /0 1 a ss iQns . will take t itle 10 the Pro perty dc sc nbcd b-.:lo w t.s 0Joi n1 T en a n1 s 'I e na nts In Co m mon 0q.th,cr S e vera l\ . 2.2 . A)S igna bili1 y and lnuremcnl. Th is Co ntract IZ]S trn ll LJ Sha ll No 1 be n5s1r.na hle by B1.:ycr w11 hout Se ller 's pn or wnuen conse nt. Ex ci:p t as so re stnctcd, 1l11 s Co nu ac1 slrn :1 mur c to the hc ne fi 1 of n d he hin dmg u pon th e he irs. personal rcpr er.e nfat ii.es r.ucc:cr.,.nrr. :mrl :t.!-r.igns of the p1rt u:, 2.3. St'll cr. cll cr, The Cit o En lewood a Cobrado Munici al C o r o ration __, 1s the curren t owner o f the Propcrr; desc ribed be low. 2.-1. Prop erly. The Propcny is the follov.'l ng leg all y de scribed rc.:il estate in the Coun1y of Ar a pat,oe Colo ri'ld o: A par.ion of the we st h alf of Block 2,Taylor's Addi1 1on, City al Englewood, A rapa hoe Co un l y, Colorado bei ng more part icularly descri bed as follows · See attachment A :9 known as No 30 98 Sou lh Galapago St Englewood, Colo1ddo 80 110 C1 :y • 53 54 StreC"t Add 1tss St3 1C Z,p together w1t1, 1h~ 1mcrc .. L<;, ea....;e ment,;, nehL<;, hcncfitr.. 101prcw cm.;11t-. and :mach cd fix tu res app une wn t L!1ercto, a:1d :i ll mtcrest o f Seller in vacaled sm:c:s and alley s :i dj nccn 1 th ere to, ex cept as herei n excluded (Pro perty). 2.5 . lncl us iuns. The Pu 1chn sc Price inc ludes th e foll owing i1cm :; (lncl us iom): 2.5.1. fi11urcs. If .i.11 achL"d 10 1hc Prope rt y on the date o f this Contract · li ghting, heatm g, plum i;.:n~. ven1il .J t1:1g a nd air condiuo nin g fixrur ::s , ins ide telepho ne, network ar.J coaxia l (cable) wi ri ng :ind con nectin g blocksljacks, OClo: CU \'Cflll~!o, 111tcrco m s y stem s. sprinkler system. :i nd co ntro ls. gar:igc door openers mclud ing ~ remote cn,rrols . 01her Fixtu r er.: None If nny fi xrur::s or c nunchcd to the Properl y nftcr the dale o f tht r. Comr11:t , 5uc h add 1uonal lix turc.:r. nrc al ~o included in the Purchar.c !'nee . 2.5.2. Pers onal Propcrt ). If on the Property whether attached or not on lhc date of this Contra ct storm wi nd ows, storm doors, wmd O\i, and porc h shad::s , aw nin gs, bhnds, -:acc ns, ~dov. cove rin gs, c1..:rtam rods, di.tpery rods, hea 1ing s 1ovcs, storage shcdr., and all keys If ch ecked , th e fo ll owi ng are mc 1udc d. LJ\\':u cr So ft cn~r s □smoke/Fire Dc1ec 1or s 0Stcurity S y st f'mi. Osat1•llil f' Sy1-h'm s (1-.:l mh nc S!ll C'lli1e d1shr-s) ' Other Pe rso nal Property: N:mB: I he Personal Property 10 be co;-i vcy~d at Closmg shall be con veyed by ~e ll cr lrcc and clea r of J \I La xes tcxcc p t pe rs onal prop cn·y rnxe s for d1 e year of losing), he ns a nd enc umbrau ccs, cxccp 1 ~N~/A~------------- Co nv cy:\ncc shrill l>r by bill or sa le or oth:r npp\1cable \egi'l l mstn un cnt. 2.5 .J. Traci(' Fixtures . W ith re-spe<.·1 to trad e fixttm.•,;;, Si:ller an d Bu yer agree as fo llow.,· NIA C ~S\.J(-11 CO ~TllAC'T TO IIUY A.\'D S[LI. RE ;\I. ES TA l'L (C0 \1:0.l tl<CIAL ) T he Tr ade Fh,tures to be co nve yed El Closmg s hn l! b~ conveyed by Se ll er free and cl e:t r of J II t:ues ,c"<cep t pemurnl 55 56 57 58 59 60 01 p,o pc r:y ta~ec; fo r the yenr o r Closing), he ns ond cncu mbrancn, :xccp: -------·------Cc11 1,ey111 c: • shn ll be by bi ll of sale or other applica ble: le gal ins trum en t. 2 .S.4. l'11rkin g nnd,.!ilqnce Facilitie!i. D use Unly Oowncrshlp of the followin g parking fa r 1h t1 cs NIA,_____ ; ond LJ Use Only Oowncrshlp of 1hc fo llow in g stJra ge fod l 111 cs · _________ _ 2.5 5. Wn 1cr Hlgt11 s, W 11er nnd Sew er T3Jn. 2.5.5 .1. Occdl·LI Wutcr tui,:ht );, T l,c ful luwi1 1g lcgJ ll y dcmibcd wi:tcr I ig h11 None 62 6l 64 A n )' ,,·etc, n gh u shall be conveyed by □------~-D h ·d Ooiher app\1cnble leg :1 1 1n1:;11umc n1 65 n 2.S.S.2. W e ll Rights. If any w ,ue~ u e ll 1s 10 he lmmfrrn·d rn [l u ye r , "rlle1 aeree'-tn o:up ply 1rq1,11t·d ii6 ~n:111t 1on ab out suc h wel l to IJu ye r Buyt•r ,inde r1;1:rnrl\" th111 if 1hr W<'II !n he 1rnn~fc rrcd 11; ,, Small Capaci ty \Vtll or e LJm.:!-.1:(. 61 "' 69 10 E),'.emp l Wntt"r Wio:11 u1;ei\ fnr nrdinary ho1m0 h,lct pu rp D!ic~. Bu)cr sha ll , pnor to .:i , al Clos 1r", l Omp li.:tc a C h;rnge 111 Owne 1s hq1 fo rm fo r th e well . If an cx 1s1mg well has not bcc 1, rcg1s 1crcd wuh th e Colo u do D·v,sion of Water Re source :; 1r, the L>cr:in mcn l of Nam ral Reso urces (D1\•ision). Buve r sh all co mplc1c a rcJ?tstrn ll on or e>.is1tn,R ...,.:)J fo nu fo r the wel l 11r ri pny the co,1 of rci:i stral!on . I f no perso n will be prov1d1111: u clo si nJ? service n conn ection w11h the tra nsa:uon, Du)·cr shall fi le the fo r n w1tt, th~ Div isio n wi1 hin si."<t)' days nflcrA sing . Th e We ll Pcrmi1 #is ____ _ 2.5.S .3. LJWul cr Stock <:cr tinc.:ucs: 1 1 72 2.S.S.4. Owutl'f Tup in No le: Huycr i i :u h •iscd 10 ohlnin. from th e prm·ldcr. \Hill e n co11 1irim1 1io11 uf lht nmounf r cmni11i 11 J: 10 li t p nid, H :au y, Um\' 77 and oth er r estrictions for l ninsfer und use of 1hc lap . 78 2.S.S.5. 0 1'1 c r lligh u: ;9 N/A no wate r or se wer taps al th is addre ss. 10 bl l.6. Eulu srn ns. Th ! follow :ng i1cm s .tr e •¥elu ded (E x~\usio ns). &2 None. SJ &4 J. l>A'I l':S Al\U IJl~ALJL I NES. h c-m No . R dercnc.c E,·cal I 6 4.2 Altcrnnl ivc E11:nesl M .ine, Deadltm; Ti l le o nd Auoclutiun &1 .1 Rc :::ord Till : Dea dl ine 6 ;,2 Excen 1ions Reques t Dea dline 4 66.1 Rc:c01d Titl e Obi ccuon Dcildh ne 5 68.2 OfT-Rc co 1d Tule Dead line 6 68.2 Off-Record Title Obiechu11 Deadli ne 6 8.J Title Re ~o lu tion Oe ;,d lrn e 6;,J A ss oci:a lior. Uocu mcn t} De ac!l in c 6 ;,J Associ11 ti01; Ol.lcu m cnb Ob ic ;ti on Dc3d l1nc 10 6 8.5 Ri~ht of Fust Refu sa l Dead line Scll er·s Pro 11 e rh1 llisdosure: ii 6 ID.I Se'.le,'s P,ormtv Disclosure Dcadi mc Loan and Credi! 11 65.1 Loa n AP.,eli c3 tion ~.!llit~c 1·, s 5.2 Loa n Cn ncl 1t1 ons Dead \1n! 14 5 5.3 llU)'cr 's Cre du lnfo_nn:i lio :1 Dc~!!nc 15 6 5.3 Di sa np rova l of nu ~•c r's C_!e J 1U!!J2~Jt1on Dr.:idlmc: 16 &l 4 Exi st mg Loan Ooc u:ne:its Dear.L inc: I' 6 .14 Ex is11n g-L~a.!!...P~1G~1s 0 1i· r.:c1ion P.~ulli ·1':.,_ __ 18 &5.4 Loan Tra_!,1.!f~App~ovo l Dea cll inc .. Da te or Oca d ll nt' NIA N'A NIA __ _ NIA NIA -----------< May4 L~ ~;:~-------- NIA NIA NIA Aoora isal 6 6.2 A DP.~l~~1Deacl1~ne_ ----+---------·-NIA 19 20 &62 Anm:.~1sa l Ob1ect1on Dead •~- l.'USJ,10-11 CON'! ]J\C'I T O IJ Ll l' ,\/'l,J) Sl::1 1. lll-;AJ. l:s ·,,..·r 1: (COM11-1tllCIALl • • Survey N'A • 2 1 I 9.1 Current S u rve y De:icl hne ~2 t 9.2 Cuuc nt Survey Ob1 cc1 1on De adline l11 s n cc 1lo n and Due Dlli •t11 1..~ NIA 23 I 10.2 lnsoec :1on Ob 1ect1on Dead line: 24 \ 10., ln soec:1o n Rcso lu1ion Dcod line 25 I 10.l Prop ert y lns urn ncc Ob 'ec ti on l)eod l1n c 26 6 10.6 Due D il i£.C l~CC Doc umc nl<; -oe1 VC~' Dead li ne l7 I 10 .: Ouc nili ",cnce Onru men tc; Ohiec ll nn Dcadhnc 28 I 10.8 Env1ro nm cn 1n\ lnsocc:10 11 Obi ccuon Dead line 29 I 10.8 ADA Eva lu atio n Ob1cc 11on Dcnd !mc JO I ll.I Tcn11n 1 Estcnoc l Sttu cmcuts Dead li ne J I 1 11.l rcnnnt Estoooe l Sto tc:ne nts O h11:ct 1on r>c:ulllne C losine and Po'i~enlon Jl --1.!.U.._ Closlm! Date l✓av 11 201 2 13 1 11 Possc~1o n Da te ME:t 1 1, 20 1~ ---!4 1 11 Possess ion T11 11 c a: cl osi nn -;5 4 28 Acr'!e l DIICl' D c udline n a ' An n l 3 20 1? )6 ! 28 Acc .. oc:rnct Dc:adlin c Time: rndmnht ---· SS Nole: A11p licub il il y u(Ttrnu. 8(, An)' boK, blDnl o r J,nc 1n thi :; Cont mc t lt n 'b111uk 01 completed w:lh the nbbn·vrn uon "NI A ·, o , the, •. rd "l'l cl 1•1ed" nn·nM <:wh ll 7 piuvis 1on n Dat es and Deadline s (§ )), 111cludi ng Jn y dc.idlme, is 1101 lppli c:i hlc Jnd the co crc sp ondmg prcl\'1<:1t111 of th is on11:ic1 88 10 whi ch r::fcrc1a:e i~ 111:u.k b ddetcd . gQ ·n ,e ~h hr r nnlwn "MF.C:'' (mu tua l executmn of th1s Co nl rac l) mcam the datt: upon wluch hod, pu ,1 1:s ha \"e s11tncd 1hii. Co nuact ·'-l'UllC I-IA S E PIUC E: A~D TE:Jl MS. 4.1. Pr ice nnd ·rcrnu. The Purcha~e Pri r:c set fun h below i;h:l ll be pnynblc 1r, '.JS Do ll ars by Duyer .JS fo llo ws · Amount § 4.1 Pur ch.tsc-Pn cc § 4,2 Ea rn est Mone •,· New Lo1m AssJm ,t.on Ba lan ce ~cllcr or l-'nv;:11c f mancin 4.3 Cash at Closir:, TOl'AL 4.2. Ea rn est Mone\'. T he Elrnc~I Mone)' set fo rth m 1lu s -.e~trnn, 1r 1hr :onn ,,f N1A ·-•------ shall be payable to ond hdd by N/A . _________ (brm.:s! Monty ll uldc ), in !!!ii trcst account, on be ha lf of bo 1h Sei b and Buyer. Tht' Earnest Money <kpo s11 shall b~· trndc red wit h 11is Contra-:1 un e,;~ 1,c plrtL !!S 111 u111a lly a~re c 10 nn 1\Uc rnn1iw• E11rn r-.1 \four~ l l r:Jrlli nc l9 )) for 11\ p,1ymt nl. 1f Enrnc.1.1 Munt')' Ht.!dc , 1! 01her thlll thc-Brnherui;c Fum 1den :1 f1ed m § 33 m § )4, Cks1 11g ln<i lru ct1011s s1!_!11 ed by Du y:c, Se lk· und Earnes t Mo nt') Holder 11\u\\ :,c obt:\mcd on or before delivery of Enrnc~t Money to E:tme :;1 \loncy Hc,ldet . 1 he l).\rtl ci: au1ho1ize delivery of Lin.• Earnest Mon"y dc pos1 1 to 1hc co mpan y co nt.luc1i nt lh e C losmg (C lo .. inu Co mpan y), 1f any, 111 or bcfme Closi ng . In the eve nt En111cs1 Mont·y Holde1 has agu:a:U :u luw ,: rn 1e1 cM un ~u 11 1e11l Mune) Jc1ws 11s 11 ,m ~fc:rreJ lu a fuud eii:al>lis h:d f1.1 1hc ptu posc of prov 1d1 :1 g affoidab lc housin g to Co lorado re sidents, S ell er Jll d Ruy e, acl-.. now lc dge :i nd ag 1ee that Bll Y mtcrc!i.t t1lcrn1ng 011 lhc Limci.l Money dc pos ll:d w11h th e farnes1 Mone:,, l-lo ldc1 m 1h1s u onSJ c11on sha ll be t1ansf::m:d to su~!· fu :1d 4,2.1. Altc rnali \.'C £3rncS1 Mo ne) Dea dli ne. The d e,1Jl 111 t: fo r delivering t:1.: Earnest Mont}", i f oth er than 11 the tu ne of 1e·1der of 1111.i Cor.truc t 1s as sci fonh ;1s the .\ltcrna ti \r E11 ru es 1 MOO(')' Ocn dli nr (~ 3), 4.?.2. R c1uru of Ell rnes l M oney. If !luycr ha s a Right to ·1 erm111a 1r and tim ely tenmn.llc 'i , BL ye, •ha ll be ent i1.ed 10 the 1etum of Earnes t Mone)' ns pro·11ded m th 1s Co:1tr:1cl. lf1 h1s Contract is trrminatet.l JS se1 forth m § 2S and, exc cpl llS provuJcd 1n § 14 , 1f th c Eamcsl Mone)' hns 110111 1tc-nc1y hr>r:n trlurii::c1 h ll m\lllC 1e.:e1pt ofu No tice lo Tcrmmat:. Se .ler ai:1cc s to CIISJ-10-11 CO:O,:TIV.cr ·t o OU\' A N D s 1:u. n E .... 1. ESTA "! I" {,."'l\l ~ffUC I A I l 107 108 109 11 0 I l l 112 Ill 1 14 115 I l l 111 11 1 11 9 120 12 1 122 cxcc u1e nn d 11:tum to Bu )'cr 0 1 Bru ke r worlmg wu h Du yer \H 11ten nmtual in s1ruct10 ns. 1.c ., Enmc s: Mone)' h. lc.:isc to r.n, wuh ir th ree dny s of Se ll er's recei pt of suc h form . 4 .J . Forni o f F un ds ; I iln c of l'aym cn 1; h rndi A\'alla ll lc. 4.3 . l. Good Funds. A ll :i~10 untS pa)o.ble by th e pa:tics at Clo~mg , mcluding nn y loan p rot:ecdi., C1d 1 t.l Clull m t, a.11 d closing cos ts, shell be in fu nd s th !ll comp ly with a'I 11pplicab k Colora du luw::., .uc1ut.lmg c lcc.:1 ru11 11. 111u1i.fo1 fu11d s. cc 11 1f1r:iJ check, snv mgi nn d lozn tcll cr ·s chec k an d cashi::r's chi:ck (Gu ui.1 Fu111.h). 4.3 .2. At11ilubll' FuuJ~. t\ll fo111!, 1cq u11 cd 10 b: pi\id il l C losmg or as othtrn•isc agreed 1r w 11t 111g be·wee11 the p:nt1 c~ :,h ull U: 1i111d)' p111d io ull ow disbursement by C losin~111pn1 y ot Clo~ini; O fl SUC H PARTY S H ALL BE 11' D EF.,\J L'I' Du yc , 1qnc5cnts thnt llu)'C I, us o f the dn tc o f lh i!I Con 1rac 1, l{J 11o c.,;; O ooci Nol huv c fund s tlmt a.re 1111111 ed1 ::td>· \·cr1fi obll• and 11\'ll ilablc in a n nm ount not less lh :-in 1hc nr.1oun 1 stated as Cash r,. C los 111g 111 § 4 1. 4..1. Seller C unccu:ion . Seller, :11 Closing, shall crriii t , n,; t!i,cctr:.d h:, Bu yer . An r111m 11n r of SN/A lt' ass1 s1 with ll uyc1's c los1:1g co.Iii (Srll rr Cnnr-f'so;innl Sc llr-r C:n,c cssrn n 1s 10 odd 11wn 10 an,• su m Se ll er ha!. ag1l!ct.l 10 puv or c1:d11 !l h;·u el ,;;C"wh~rc in 1hii-\01111 ac 1 Selle r o nr.cssion shnL be reduced m the c.i.tct!l 11 exceeds the 1u n oun1 nlluwed h) lluyc1's lcrdc· as sc: ~'"'rth in th e Clos in g Strnc ment. 11 1 Clo~in g 4.5 . :._,v Lniln . -i .5. I. Hu ytr lo PA ) Lo an Cos ts. Buyer , exc ept us provided 1n § 4.4 1r np;,!icnblc, sha ll 11111 ety p.1y Buye r's lonn c~s ts, loa n di scount poin ts , pre paid items and lo:111 mi gi m11ion fe .:s, as reqL 1red hy lc nccr. 12( -i .S.2 . Bu ye r May Se lect Flnan d ng. Duy:r may pay m cas h or se le ct fn un c 111 g ap;,ropn llc nnd JCc-.:p !3b !c iJ 125 8Jyer, mcludm t; ;1 diffc:rc:.nt loa n th an ini tiall)' sou~ht, ei<cept a~ rcs1 nc1cd m § 4 5.3 o r § 30 \Add1 L1o nal Prov1s 1ons ' 12 6 4.~.3.d _,o:.i1 1 Llmlt n1lo11 $. IJ u}tr may pu 1cha se t:i c: l'ropcrt) u~mg ::1th c1 o :" Ill e 10110 ,vmg ty pes uf lo,111 12 7 O c o rl\'Cll ll on :11 Ulhc1 NIA ----------~--- 128 4.b. Ass umpliun. Buyer agrees 10 as sume and pa y nn c:.-..:1s1ing lu.111 in 1hc a pp1 m..11 :mte u11wu 111 ur tl11: /\~)u up 1011 12Y Aal anct set fo nh in §4.1, presc11tly pa yabk ul S _____ per ______ im.lur.li ng r'2-9 11Ci1',1I and in 1crc::.1 \J O ~:m u !y .s l lhc ru tc uf ___ % pe •o••wum . un d al.\CJ incl ud ing csc:o w fo r th e followm:; n1 1r,,1•~u1::d · LJ Ue11 I [s1:1 1c T :u.l!\ 131 LJr i opt·,ty Ins u ra nce l'rc mi um nn d __________ _ 13: 13 3 134 I ll D6 117 \JR 1)0 140 14 '. Duyer ncrccs to JHl )' u loa n Lru:1 sfer fl!e not le c~cct-:1 S _____ . ,\1 1hc t11 ne of auump1ion, tht.' ·1 ew 1n lrres 1 ra1 r d rn ll not exceed ¾ per ar.num and the new payment ~hall not cx cted S _____ prr ______ r,nnc1pa l and inte rest. plus escrow , 1f :my. If th e uc tuul pr111e 1pa l bn lr.ncr nf 1he cxi~un g inil :1 ,1· rlM1ne ,,. le~,; th:in the A._,,;umption :l.l !:n l e, whi ch cau~es 1h1.: um uun ! of c ash r<"rp 11rec! fi."'l m n uyC"r :u C:lnc:m g lo he mc reai;c d b,' rnor: tha n S ______ . the n Duyer sh all ha ve th e Rii;h t 10 Te:nnmn 1e unde r § 25 .1, on or before C los ing lh tc (§ 3). b:i sc c on th e red uced amount of 1he ac tua ! p11 nc 1pal h:i lance. Sellc r OShall Osh:all Not be ,el cn.sc d :'romJ 1obilt 1y on sa1U loa n lfopph:ab le, co mpl irmce with the~uurmrnts fo , r-:lca se from ha b11!1y ;halt be evidenced b)' del ivery D n or befort Lo:in l nn~rrr A pf>ro ,.,a l Dcudllne (f 3 1 LJ:ll Cl oi lng of an apprJpria t~ lette r of commitment fr om lender An) cc-s t pa:,ab le fo r ~deus: o; liab ilit y s hall be p,1 1d by in nn nr.,ount not lo ex cee d $-c,,.---c---C: 14 2 4.7 . Selle r or~, nee Fin nncln t:, Bu yc~ ... .11.1pi es 1r-c.tccutc a pomisso ,y not e p.i )•ab lc to NIA , 14 ) AnJ oint Tc u a nlS TrnanlS In C on1111 01, lJ)th t r ___________ , o n the note torm :.is 1nd1c a.ed 14-. LJ(IJcfoultRa tc)Nl 1-I0-0(,00the r ,--------,-----,,---,-------secure d by a ___ _ 145 ~. 2 nd, elc.) deed of tru st c r.cumbcn ng !he l,:.!2p erty, usmg the 1o rm .is mdi cJ ted · \4o ~.JDuc 01~ Trn 11 s fcr -~lc1 CJ l)/2-8--10) LJDur oo Tr11 11!ifc r -C r f di 1"orth y (TD J.'·8-10) o .\i,i,um.i l,h: -No t l>m· un \J7 l1 11 11 sfcr l l'U 74--8--I 0) Ll(J th er ___ --,-~--,--~----~~--~~---~-~---- 14!S The l1rnm1s sory note s h :i ll be 11m u1t1Lctl un tli c Lu!,t!, ur ____ \'c ;an LJ Mo nlh~, pa ylbl:; Hts,----- "" 15 1 ··.1. Ill l S-1 \lS 156 1<7 "' 159 per ______ im .. I11Ji 11t p11 m:ipa l .. nd 11Hc1e st ill the rnt c of ___ f).u per nnn um . lln ymcnu ~hall co mmen ce _________ ond :s hnll be li uc 0 11 the ___ dcy of euch SJCCccdinc ____ . If not soon l'r µa id, the l>jtl.lq..:c of pri ncipa l and o.cc rucd 1111c rc st 5hnll be c.ue and paynb lc _________ :ifte r~rnig J'jymcnl.\ LJ S hnll O sti nll f\'ut he in crcl!:ed ~y ____ or CE lim alctl :uun:a l re :i l c~t.11e ta.:o.:e s, an d LJS1i11 11 LJ"h:il l No l be 11 ,crc:a s, .I by _____ of c5t1 mo ·ed annual r ropcr;y msuranr-e r11 c1r 1u m The lo an ,;lrn !I nl~n rm11 :iin 1hc follow mg term s· t i ) if :111 y payment 1s not re r c1\'cd w11hin ___ rlay~ a.--,e, us dn r 1fa1r , a late chnrgc or ___ % of~ucn 1'J\MC:11t shat. be ch1e, (2 ) int e rrsl on lender j i,;;hm<;emen!s unO er 1h: d~c,l of trn ,;;t shall be ___ ¾ per annum, (3) Ucfoult mtercst ra lc ,;halt bl" ¾ pct nrµu~n~: (Ii) Uuyl!r mn y pre pay wi iho·Jt a pen:i !ty c>.ce pt ____ ··-. :i 1cl (") ~Shnl\ LJSh111i Not cxccrnc Jnd dd,,..cr, a l Cbs111c. a ~ec ur itv /q~recmrn t anJ UC C--1 Fma nc m~ St.'.i ter:,cnl gr..1n ting th e !~er or t~ro missory note o _ i I s1, 2nd, etc.) lien on the re1 son,1l pro;,e rt v mc!u ded in this st.le Bu ye r LJ5 hnll LJS h all 1'or pro vide i!. monµo~ec's u1lc in su rance po hcy , cl 13uye r';; C;t pc nse. c ns1 .10.11 CONTIU CT 11, lll •Y ,1,,\'IJ .~CLL REAi. l'liTA n .(CO,\lM>'ll CIAI.) • • • t [ 162 16) 164 161 100 161 168 ,., 110 17 1 Ill Ill 114 17l 1'16 111 178 17' ISO 18 1 18 2 18) 184 181 186 181 •: 190 '" 191 193 19< 191 TRANS ,1C TJON l'l!OV IS ION S 5. F INAN C l l'G COl'OITIONS ANI) U U~l t;A·r ru ,,s. 5.1. Lo a n Ap pll ralion. !f Buy e1 1s 10 pa y a ll or p:Hl of the Purchase Pr,cc by obuumng one or more new l(l ans i Nc" Lo;m), or 1f tm exisu ng loan 1s not 10 be release d RI Closin g, 8'J ye1 , i f requ ir ed by such le nd er, shnll mak e an a pphc.1t1o n ve ri frn ble b y such le 11 dc r, on or ht:fo rc Lo nn A ppli c11tinn Dc:uJlln c (§ )) Bn d exercise rcason 11ble rffom 10 o b1 t1 m ~uch lroan m 11p1mw1l S.2. Loan Cond itions. If Buye r 1s to pay all u, l'l\fl of the Pur chusc Price w,th n New Lon n, this ContrAc l is co nd1t io na . u11 on Buyl':r dct c nmmn g, in ll uyci') ~ulc ,u bJ c,11vc J 1 ct1u 11 , wh cthc1 1hc Nev. Lo.to is s1111sfo c1ory to Buye r, mclu du1g •t ~ nva1lnb 1hty , pn ym~nts , inlerc sl mte, 1crnn, co rdJ1 10:1s , nnd cos1 of suc h New Lo1m . Tlu s co11d 111 or. 1s fo r 1hc bc:-ic ru of ll uye r Duyer shall h11vc the Rig hi to Tcrr mnelc unde r§ 25 I, on or bcfo,e l.011 n Con dili ons Dudll nc (§ 3), II \he cw L.i:rn ,s 11 0 1 -.a 1isfocrn ry 10 Bu ytr . in Buyer's sole subJc ct,vc d1 sc 1:tmn IF SELLER DO ES NOT TIM[L\' R EC EI VE WRrl1"EN NOT ICE TO T E RMINATE. DU\'EH'S EAHNEST MONEY SMALL BE NON REFUNOA II I.F., cx ccp1 as oth e rw is e prov ide d 1n 1!11 5 Con1racl (cg., Ap pr 11 1:i11I , Ti ll e, Surve y). 5 .. t Cred i! l nformv li on nnd Uuye r's Ntw Sen ior Loan . !f Bu yer I to pa y .111 or pun of the Pu,c h~-.c P11cc b) executing n pro mi ;sol) no1e tn fav or of Seller. 01 1f a n ex is ting loa n is not 10 be rc!ed~t:t.l al Cl u~mg , tl m Cv.1t 1JLI b w mh1 iu11 :i 1 (fo r the benefi t or Sel le r) up on Se ll er's nppro \·ol of Bu}'cr ·~ fimmcial nbih 1y nnd crcd nwori hin ess . whi c h apprcvul shall be a: Sell::r's so le .!.U bJect 1vc d1 sc,c11on . In s uch cosc (I) Bu yt·r shn!I supp ly 10 Se ller by llu yer 's C red i I I nfo r mati o n Or!ld lim· (~ l ). :i t H .'er's c ,:,ensr. info rn rn.li(m nnd dncm nenn (mcl 11d1r i; 11 c urr cll l c1c 1.ht report) co ncemtn R Du yc,·s fina ncia l, crn pl o~rn crt nnd crcd.t c ondition ,rnd Buyer's New Seni or Loa n, defi ned bel ow, if nny: (2 ) 8J)'Cf consen ts 1h~t Se lle r ma y ve11 fy Ou ycr'; fin anc ia l ulJ 1l11y 11ud c,cd1 t\,o llh mcs:1, ()) any ?uch ii1fonnu 11on ond docu nu:nt s rccc 1v:d by Scl lt'r :;h:i.1! be held by l:;e llc, rn \Onfi de ucc, an d not releas ed mothers exce pt to ?ro tcct ellc, ·s m1crcs1 in dHS lr:rn sactton; and (4) in the event Du ye r 1s to exccu!c n prom,ssor)' note sec ured O) a de ed of tn.i sl m tavor of Scll:r, thi s 1..,on1rnc1 1s cond111ona l (fc 1 the Ue nef11 of Sei rer ) uf>On ~c ll cr 's np p1ovnl o" 1hc term s nnd c:o n:i 111ons of an y New Loa:l iO he ob 1a,ned by Du )cr 1f the deed of uust 10 Seiler 1s 10 b: subordm ale 10 Buy c,'i 'e v.· Lo :in (Duyer·s New Semo r Loo n). If !he Cash at Closi ng 1s le ss than as sci fo 11h m § a I o f 1t11s Co ntr ac.t or Duye r·~ Ne w Se ni or LM n drnnges frnm 1h ~1 npprn vt:rl hy Selle r, Sell e· ~hall ha·n: lht: Righ t tr Tc rm1nmc unde r ~ 25 .1, u1 or bcfm c Clns111g If Seller d1 sapprnvc s of lluyer's fina nci11 I nbi'.ity, c1cdi two rt i1111clt s m Bu yer's New Se 11101 Lo:!n, in Selle r's solt: subjcc11 ,·c d1~c 1:t1on, Sel le, !>hall hJ vc lh e Righ t 10 Te rminat e under § 25.1. on or bcfo r:.: Ohap pl'ov:11 or Bu ye r 's Crrdl l lnformnlio n r>e:id ll ne (§ 3) ' 5.4 , Exi s tin g Loa n Hcvl ew , If on cx.1s11 ng loan 1s not 10 be rei en sed ,11 Cl t s1ng, Srll cr shnll deli vc, co pies of 1hr lo .in docu me nts (mcl udmg note, deed ol lmst , an d any mod1t 1c:i.11o ns ) t:, Uu ycr by l::Ji s1l11~ Loan Hoc um<'11l s De:ull inc ( 3) For th e ben:fi 1 of Du yer. :hi s Con tiact is co nd1t 1onn l upon Buyer 's re vi ew ond op pr ovHI of the provis ions o f s uch loan doc ument s Bu ye: shall h:n e !he Rig hi to Tenn mate under § 25 I, on or befo re Exis llng Lo 1rn Doc um l'nU Objecti o n Oc11 dlim• (§ 3), b[m!d on nn r un suis foctOT) provision of su ch loa n doc ume nts , 111 Bu yer '5 so le suhj ec 11 vc rh ,ctt"t1 nn If 11,e lend er 't app rnvR I of a tran sfe r of th e Prop erl y 1s requ ir ed , thi s Contrac t 1s cond.ti onal upon Bu yer's o bto1nmg su ch uppro va l wi thout change in the tenns of such lon n, excc p: as set fu 1tJ1 i11 § 4.6. If le111.lc1 ·ll u~l'lUYJ! 1:. 1101 ub tumrd by l..o:a n T,unsfcr Ap pro\'I I Dt:1u.i lin c (§ J), thi s Co ntr 11ct ~hall termi nate on such dea dlin e Seller shall ha ve tl1 e Ri ght to Termi na te u nder § 25 .1, on or befo,e Closi ng, i11 Sell er's so le subJ eCt1v: disc rc t un, 1f Se ll er 1s to be releas ed from l1nb1 h1y u r.dcr ~uch exi st.Il l; loon ta nd Uu yer docs no t obtain s uch co mp honc t 11s se t fo rt h in§ t. ti :96 6. A l'l'll.AI SAL rn ov ts JO N i91 6.1. Le nd er 1-'rupt r l )' Rcq ulr cmc nls. If th e lender impo ses on )' re quirements or repairs (Requ11 c11:c111s 1 10 be made lo 98 1he P,op:H)' 11",g., roof rc pa ,r, rcpa111 :1ng}, be yond lh ose maile rs 1mead y agree d to by Se ll er m this Co ntrn ct, Sell t=t shall ha ve the \99 Rtgh t to Tcrmim1 1: under § 25 .1. (no1w1th s$<mdmg S 10 of this Co111 rn ct), on or befo re th ree da ys following S:lter·s recc 1p1 :>f the 100 Req u1remc11 1~. ba.!.t'd on nn y uns a11sfnc cor) Requ imncn ls, in Se ll er's sole st:bJe c1 1ve C1sc ret1on Sel ler's Ri ght to fe nmn ate 111 1h1; ~01 § 6 I r.hnll 1,ot npp ly if, 011 or be fo re any tenl1i n;u1 on by Se ll er p uri uan l !o this § 6 I· (I ) the pa rties en1 e1 1111 0 I\ •.1m 1t r n nci ecmcnt 101 1egud111 g th e Req ui 1emc n1s; or (~) th e Rrqu_1r~11!e n1s, have bee n comrlc1cd ; or ()) the s11L1 s fo c11on of ,he Rcq uucme nts 1s wa1·,cd rn WJ wrnng by Bu)'e r. ~04 6.2, Appruisol Co ndl lio n. Ttw epp hca blc /\pprni sa l prom1oa se t fm1t below s ha ll 11 pply to th e respc rtt·1 c lu 111 l)'pe sc i ~m fo rth 111 § 4.5 ) . or 1f a cash tr an s.1c110 n, 1.e !lo fi nanci ng,§ 6.2 I shall 11 ppl y rn6 h.2.1. tn n,·c nllnno l/O lh t<r·. P.11)'c1 ~!mil h,ne 1hc so le o p11on and e lcc1 1on to ternm.111c :hi s Co111 ra ct 1f th :: 107 l't'Jp Cil y's v:i lu:uion 1s less than the Purc ha se P-1cr c!e1:n nrn ed by on np pra m:1 cngog ed o n beha lf of .§.l!Y !H ____ _ !011 T. ~ ap pnu:.ul ~h ull U!: 1cc e 1vcd Uy Duy c1 u1 Bu yc1•~ lende r 0:1 or bc fo 1e A ppr11ho l Dcodllnc (§ )). Du yc 1 shall h.ivt' th e R 1sh1 to !09 'l'cm11 :1a 1e unde r § 25.1, on or befo re Appnihal Ob jcc 1lo n De ad line(§ J), 1~lhc Pro pe rt y's ·1 11luati on 1s less than the Purch as ~ 110 l'1i ce ;rn d Se ll er's rece1p1 o:' either e cop y of s1-ch app raisa l or wn.icn nouce trom le nde r th ,u con lim1s the Propcn y·s \3lun 11 on 1s , 11 le~~ 1h:in the Pu f'chase Pn ce. 111 ~ 6.3 . ,-.-s;:us t of Appra isa l. Cos t of an y a pprJis ul to be ob tu med aficr th t' da te of tlw Contrac ! sha ll be 1irnel y pa id by !J) L.{!ou yrr LJSclltr. 1. E\'IO ENCl: O F 'I l'J L E /\.NU /\SS UC!c\ I IU1'-' IJO CU i\l EN T~. C ll ~.1-10-11. co ~·, ,u c'f 10 IJ U \' \NU SP.LI. tt 1: .... 1. FSTA1 f 1C0Mfl 1EII C IALI 7.1. f.,·hlcnc c o f Title. On or ht•fore Rrrord Tillt> llr1ulllnr (§ 1), Seller 1:hl!II cause to be fu nmhed 10 3U,'tl , al Seller's 215 2 !6 217 2 18 119 2 20 2~ I expense, 11 cu rrc ul con~men t for :iwnc r's ti llt< tn s uunct r oli cy (T1 tl1• lrunm1111 1c:it) 111 un nrnminl equa l to th : ru,cho sc P111.·e, u1 • if tlu s box. 15 chc::kcd,L_JAn Aboriut of 1i1I,. cm1fied 10 11 runcnl da le. If 1111c ms uroncc s fu m 1s~ed, Se ller sh,111 al s~ dcl 1\Ct 1u 215 2:6 1:n 2:?8 229 1)0 2)1 '.!]2 2ll 2J•1 235 136 2l7 218 2)0 240 '" 242 2'3 2J~ 246 H'J 7'J8 ,,o ,so 2 11 252 253 254 ll uyc , co111es of any ab sm .cts of 111 \e c nverine 111 1 n, Any rnnun nf the Prn peri y (Abs1nc1) in Se ller 's possession . At Selle r's expense, Seiter stH11I cau;c the 1i1 le ins ur11n f'.L ~"hry to he 1s~11rd :md ctc ll vc1cd 10 Bit)•e r 11s soon us pr:1 c11cn ble n1 or nf:c r Closinr.. The 11tlc: in ~ur.1nc c co mm11 ment [Z] Shn ll LJ Sh111I ot rom11111 111 c1rl c.1e nr 1n~ur e o,c1 t:,e '-limd ,ud exceptions "h1c h ·clue 10 (I) pt1r 11u n possess ion, (2) unr ecordrrl t":Hr-mr-n11:, (1) 1survr-y rn111tt1s, (4) umc:cordcd mc ch11m cs' liens. (5) gna, pe1 1od (effe ct H date of co mmitment 10 du te dt"eJ 1( r~rnrdrd), 11m l (6) 11np1ul 11uc~. osscssmc nts nn d un rede er:,.e d tu: sa les p ri or 10 the y:a, of Cl osing. An y :add11ioMI premium e r pens~ to o b1111n 1h1t nildi1m·,a i cov c1a1,:e shall be p.1i d hy [Z]nuycr Ostllf r ,\lote: The rn lc insurance rom p11ny m rty 1101 ngree 10 1·t"lcte or 1ns 11 1e m·c1 ony 01 all of the slU ndnnl cxcept1o ns B1. ·er shali ha\c the nght to re view the T itl e Cu mm1tm e1H , 11s pr ov1S1ons 111rl T11 le Doc,m1en ts (delincd 111 9 7.2). ond ifn01 stt1sfoc10 1y to Bu,er, Duy er muy e.~e ,c1sr Ouyrr',; rights pm(Ullnt 1n § R I 7.1. Cflpln of Exctpll ons. no nr hcfnr,. llrrnnl Ti tl e Otadlinc (§ 3). Se ll er, 111 ~c lle r's expen se, shn ll fun us h 10 Uuyt:r and Buye r's Counse l (I) copies nf ;r y plats. dc:c l11rn11on s, covcn3nts, condi1 1ons 1 ~11,q rc...ine1 1ons bu rde mn µ :he Prope r!}', and (2) i f a Tiu Ct1mm itm en1 ;,. req11 i11:d lo bt furnished , :i nd 1f tin s bo:< 1s c hc ckeC l{J C0 11irs of any Oth er Docu mtnH (0 1, if ill ec1blc, ~u mmnnc~ of ~uch docll mcn ts) li sted m th e schedule of ex cepti ons (Excep11ons ). Even 1f 1hc boA 15 101 chec ked , Se ll er (h nll hn,.e 1he nhlign ti nn to fu nmh these do:umcnlS pursuun 1 to tlm ,ec1ion if rcq cestcd by Ou ycr any t1 .11e on or bt•fo rc Eucpti ons Rcq1 1t•s1 l)c rullim• (§ f) Th 1~ req1 ure:ncnt ,;11111! prnnm on ly tu doc ume nts a:. sho wn of record 111 the orir.c of the e bk nnd reron!cr in lh !:' count) where the Pmpeny 1~ lucatcd The Ab strnct o, Title Com rr:i1mcn 1, tCIJ!,C\he r wnh any :op1c~ OJ 5unu llllnt'!-of(ur h dnrunw n11s funu ,;hed 11ursu ;in1 10 th1 s sec ti on , cons1 i1u1e 1hc mlc docum e:lls (cotlecl1\·cly, 111le Do cu nmm). 1.1. llnmrow ncr,;' A1s,ociu tlo11 l)ocumr.nt.s. The term ;\ssoc1:11 io11 Do c11111 e11ts com ists of all ownc:11· 11ssoc 1n11om r A,;sorrnr 1nn) ·lr-elnmfmn<., h)'hwi;, npc ratin & a&rcemcr.1s, mies and regul1tions. pany wall nr.:c cmc nLS, min ut es or most 1eccn1 imnua l o wners' mccti ni: nml mim1I I"( nf :in> tlirc c1or.~• 01 m1ui :1&cl'>· mec:1111 1:s durmg the s1x-monlh penod m:mcd1;i 1e ly 111eced1 n),! the da le of tlus Cor1rnr 1. 1f nn>' (Cinvrm ing Dn cumt nt.1s), mos t rc;crt fi tuui cml do;11111 en1s co:1 s1s1111g of ( I) nunual bn ln nce sheet, (2) .11111uat 1nromt" Rn d t')l.pr11rl 1h11 es i.1.r.1c men1, nnd ()) nnnun l bud~c l (Fmu11c 1d Doc:uine nts), 1f i1 nv (co llc c1i ve ly, Assoc,111 1011 Documems) LU. C:11 111111 on lnt crcSI Co rnmu nt 1y Ois dosurt. TtlE rROPERTY IS LOCATEU WITIII N A COMM0 1\ INTEfH'.ST C'OMMIIN IT Y AN O IS SIJIIJECT TO TII F. DECLA RA T ION FOR SUC H COM MUN IT\'. TH E OWNEll or T II E l'll OPERTY \I'll.I . HE REQU IRED T O II E A MEMBER OF TIil: OWN Ell'S A 'SOCIA T ION FO R T Iii' COMMIIN ITY A 'O \\'11.L BE SU BJt:CT T O T HE UYLAll'S Ai"D R ULES AND REGULATIONS OF TI I[ ASS O CIAT ION . l'II F. UECLARATIO ', BYLAWS, AND n ULE S ANI) REGU LATI ONS WILi. IMP OSE F INA NC IAi . O HLI GATI ONS UPON THE O \\N ER OF THE l'l<O PERTY, I NCLU OING AN OBLIGAT ION TO PA \ ,,SSJ:SSMENTS or T H E A.~SO C:JA rJ ON . IF THE OWNER DOES NOT PAY nn:SE ASSE SMF.~TS, Tl lf. ASSOC'IA TIO C OI JI.Jl P l.ACE A L IEN ON T HE l'RO l'EllTY A ND l'OSS IBL\' SELL IT TO l'AY TIJE DEli'I' THE 11EC't .AfL\TION , RY l ,,\WS, A ~D RULES AND REGU LATI0.'1 S O f' T HE COMMUNITY :11AY PROJIJ R:T THE OWNER FUOM M,\1,JNr. CHANGES TO r m : l'ROl'EllT\' W ITHOUT AN ARCIII TECl'URAL REVIEW U\' l'IJ E ASSOC IAT ION (O R A C':OMM ITTEE OF TIIE AS SOCIATI ON) ANll T UE ,\l'PROYAL or T H E ASSO CIATION. l'llRC HA SF.n S OF l'HOl'ERTY W JTIIIN THE COMMON INTEHEST COMMU NITY S fl OULU IIW"STIG,\TE Til t F INANCIAL OHLJr.ATIONS OF M EM BrnS OF THE 1\SSOCIATI ON, PURC HASERS S II OULD C AREFUL L\' READ THE ll [CI.ARATION FOR TH E COMM UN ITY AND rll E B\'I AWS AND RULES AND 1u ;G ULAT IONS o r TH E ASSOC IA'l'IO'I. ;!! D 7.3.2 . A~sor i ■llnn llor.u m t.110 lo Uu yt:r . 7 . l .2. t. Se ll er lo r rovlde Associ:1 1io 11 Ooc ument). Srllc r sh.!II cause the Assoc 1ouon Do cu menl 5 10 be 2S7 o v1de J to L1uy er, at ~l'llt•r',; Ck[H~n ,;c, on or befo re A!socin ti on llo ni n11·11 u !ieudli nc (§ Jl. 158 7 .1.2 .2. Sl'lll'r Authorizts Anori:ulun . Selltr nulhori t c~ the Assoc i1111 on to p1ov1dc lhc A ~~o~1n 110 1, 259 oi.:urm:nts to lluyt·r, 111 ~r l\e,',; e>.j1r.nse 260 7 .:l .2.:\. Sd h:r 's Oblir,11 1io n. Sel ler's obl i&a:10 11 10 prov1d:: the Asso;iat1011 Do ..:umen l!I shall be iulli led 26 1 162 :!63 264 266 267 :!69 270 2 7 1 272 upon Uu yc r 's re r 1 :111 nf 1hr Ao;;so c i:u urn Docume nts. rcl!tlld l:ss of wh o provi de s su:h do cumen ts No te: tr ne ither Lox 1n 1h1~ S 7 3 2 ,,. chcdcd. t~e prom1ons of§ 7.J 2.1 shall app ly 7.3.). Cn1uJi1iunn l nn Bnyrr',; ltr\it'l'I'. lf ;hc box m l'ilber § 7 3.2 I 01 § 7.3 2 .2 1~ chec ked, the prav 1s1cns of th is § 7.3.) ~hall :1 1>ply . Ou >•rr shn ll l·nv e the R1gh1 lo 'ienmna lc under & 25 I. on 01 before A ssod:11io n l)uc ur11c11 ts Objt•r liu n l>rut.l li11c (§ )), bu ~c d on :111 >' 11 ns a:11:far1nry prnv:s 1nn in nny ,,f l~c lusocuuio n Documents, 1n lluye,·s SC' c }ub11:r.:1 ,,.c c1c;cre1 on S hould Bu yer re ceive th e Assoc 1nt1o n n urnmcrts nft:-r A~rn rl:ttlnn Onr um r.ou Dc :ullinc (§ 3), Bvye,. <1i Bu ye r':, opuon. sh,1II hove 1h e Ri ght to Tcrminnlc unrler § 25 I by l\uyer's Nn11re lo Tt•rmmn le rece1vecl by Sel le r on ur before ten d:t yS :?tier Buv:r'\ ,-:c c 1p1 of th e: A:;:;uc 11tion Documrnts . If Uu :,,c r dors 1101 c"'rtivt 1h~ o\ssori;itinn Oorum~nl._, o r 1f Buyer 's Notice to 7 cnnmat: wo uld ot herw 1:;e be re qui red 10 be 1ec c1VC:d by Seller nOcr Closln g l'htr (§ )) f111y cr ',; 011cc to Tcrnu na te :,h:il ! br rc :c1ved b/ Sell er on o r before three d!!.ys prior 10 Closl ni:: U111t-(~ )) I:" Selle r Cne,; nol rccr:1vt" 11H)er's No1icc 10 Tcrmirutc w .1hm ~uc :t lime, n uyc r tcccpts the p rovi:;1cns of the Asso1.1a 1ion Docun11:n1; u u1 1sfn c1ory. an d Buyrr w:u v,.,. any Riehl 10 Tr:11n111:1 c u11t!e 1 1h1 s prov 1,10 n, notwn hsuinding the pro vu1o ns o f§ 6 S CHc;),10-11 c o:--;T llA CT 10 11IJ \' AM) SHL It EAL ESTATF.: (C0:0,1\lf'.II CIA LJ • • 2'6 2'7 2'8 P9 2SO m m m 2S<1 :us 286 ~&7 288 28'} 290 "' 2Q2 20) 2Q,1 295 206 ::!9"1 ~QS 299 JOO 30 1 •: 304 JOl 306 307 30 8 309 )10 111 J 'l J ,} J • ),) ).6 J / J ,8 ]IQ J?U J ?I 322 J?J )2,\ J?5 J?C, )?7 J!8 l ?9 -~ s . RECO RD TITL E AN D O FF-ll EC O ltD TI T LE ,\1A rrrns. 8.1. llccord T Iiie M 111 cn. Buyer ho~ the 11s h1 10 1c-.·1c w ou d o b1:ct to 11 ny o ( t he T ille Documents (k 1g h1 10 ObJc Cl , Rcsolu11on), 11s set fo rth in § 8.3 Buye r's o bJCCt1on ma y be ba sed on an y unsa 1is fa cto ry form or con tent of Title C:u n m tme nt , nu1w 1th:.t11:id1n b § I J , 01 uny Llhc1 u11sat1s fo l.tor y 1i1h: u111U it1uu , io Ou yc 1 •~ :.u lr: ~ubJc ctivc d 1~\..1Cli o 11 If Buyc1 olij ccu 10 nny of the Titl e Doc ument:., Bu ye, sha ll caus e Se ller to receive Buy er 's Notic e to Te rmin ate or Notice of Ti tle Obj ecl!on on <H befo ,e l(t'co rd T ill e U bj cc ll o n Uc11llll nc (§ J) If ·1 nl e Doc umen ts urc not rt:ce1 vctl by Buyer, on or be fo re 1h c Hcco rtl Titl e Dea dli ne (§ 3), or 1fthc n~ is nn cn d:us eme nl to the f 11\cComm1tm :nt tha t add s a new Exc eptio n IO l1tlc , a COP)' o f lhc new Excett1011 to 111le an d 1!-.c mod ifi ed T1!l e Co mnutmem sha ll he Ccl ive rc d to Bu yc1. Buyer shnll cause Scll e1 lo rc ce.vc Ouyer's Notice 111 T c nn mate or Noti ce of Title ObJe c:ion on OJ be fo re te n da ys afi cr n:cc 1p1 by Buyer o f I c fo llo wir.g docu me nts: (I) uny rcqui,cd Title Oown,cnt not t11 11ely rec eiv ed by Buy er , (2 ) nn)· ch1111 l:c 10 the Ti tl e Doc umen ts , or (3 ) cndorscmc11t to lhc T itle o mm1tme 111 If Selle r rec ei ves Buyer 's No11 ce to Termmn1e or No·.ice of T itre Ob;ection. purs uan t to this ~ 8.1 (Re cord T11 lc Matte rs ), an y tll lt obJect ion by Buye r 1111d th is Comrn ct shu ll be gov erne d by 1hc prov 1s ;or.s set fo rth 111 § 8.3 (R 1gh : to Obje ct, Kes:l llmo n). If Se ll e, doc~ nol rrcc 1ve Jl uyr r's N,\11rt· tc Tcrni m ril:: t1 r \!n 11 ct C\f T itle O hj ectmn hy :he nppll ca hlc dr.nci l.ni: Sjlrr dictl ahnvc. Ru yc 1 accep ts the co ndi t1or. o f lll lc as d isclosed by th: T itl e Doc umc:\IS ns sat isfa ctory . tL?. o rr-R ecu r d T itle M ull en. Seli c, sh:i ll deliver 10 Buyer, on o, befor e Off-ll r co r d Ti tl e Dea dlin r (§ J) L,·uc copie s of all cx isling s urve ys in Sel ler's pcsscss1on p:r1n111 ing to lhc Prop :rt y an d sh::i ll d1sclos c to Du yer nit e nscmc:ms he ns (111clud111&, w1 Ll1u11 t li111 11 ,111ur 1, t;11 vc mrnc,rn l l1H JHtJVt:111 e n 1s app 1ovc d, bul not ~·ct ms1all cd) 0 1 other 1itle 111 11 ll c1s (1m .. lud1 ni,:; .... ,1hou 1 I 1111 111:tio n, rig hts of fi rs I rcfo so l nnd opu ons) 1101 shown by pu bli c rccorns , of\.\ lw.:h Seller ho., nc 1u a! k:1owtedgc ll uyer :.lrnH IHl\::. 1he ri gh1 to msp cct the 1'1opc n y to irw cs11gn1c 1fo ny lhird pall y has un y ngh1 in the l'rop cr1 y not shown by pu blic recor ds (sc ch :,i. on un record ed rn scme nt, Lmtrcordcd le as e, bound3ry li ne d1 sc1epancy or Wi\tcr n &hLt,) Buye, 's No 11cc to Tc rm mnic or Notrcc of Tit le Objcct1o n of a r.y unso11sfocto ry con drnon (wh ethe r di sc los ed by Sel ler or revc :i lcd by such in specti on, no tw ths1:md 111g ~ I J), in Buy er's sn lc s ubJccti vc d1sc 1c1ion, st1111! be 1e~e1ve d b)· S ell er 011 o r befo re o rr-Rc cord T ith: O bjectio n Oca ll lin c (§ 3) l:'Sc tl e, rece ives Bu yers Notic e lo I c:rm 1m11c or Notice of T1tlc ObJc i.:11 011 p un,uant 10 Lim § 8 .2 (O IT-Re c.:0 1cl T.tlc Mott c:IS ), a ny 11 1 c o h1cct10n by Buye r and this Conlrn cl shnll be ~nvc rnc d by th e pro vi s ions t,Ct fort h m § 8.3 (k ig ht to O bj e ct, Re su tuuon}. If Sel ler docs no t receiv: Ou yer's No11 ~c 10 Tc1 111 111 \i 1e ui l\'u tic e of Tille Obj ect um, 0 11 ui befMt Orf-Rl'r ord T it le Ohj cr 1/on Or :ultin c ~§ 3), ll uyer ncc cpts t1l le subj ect 10 rn ch ni;hl,;, 1f auv . of thu d 11ar11 cs of whi ch Du yer has nc1ual kn owledge . H.J. Rli:111 lo OIJ j r rl, Reso l uti on. Duye1'!: n gh t 10 ObJe CI to any tit le mau ers shall mcl ude, bu t not be li rn1 tcd 10 1hmc 1n:lltc rs sel fo rt h 111 §§ 8 I (R e-cor f T 1tlr Matk rs), I! 2 (Off.Reco rd Til le Mauc:s) Rn d 13 (Tnins ft r of 7 1tle), 111 Ruyrr's sn,c subJc:\!\'t d1sc1e 1ior (coll ec l1 \'Cly, Notice o f Ti tl e O bJC'Clio n). If Ouye , ob1e,·1s to nny tit le mi1 1tcr, on or bcfo 1c th : a ppl 1cnb e tl end li ne, Duyer shn\, huvc the choice lo e1tlicr (I) obj eel to 1J1c: co nd1t1on of 1itl c, or(:?) 1e1 minn tc 1h1s Co ntract 8 •. 1.1. Title Ro ul111lu11 . If Sclle1 rccc ,v:s Du y:r's Notice of T itl:: O b,1 t:c1io n, ns prov ide d m § 3 I (Record Ti1k M111tns) or § 8.2 (Off-Rrc un.l Ti1k Mti llt rs), 1m lJI \J e fo1 c t.hc ap plic able tlc 1u.l lmc, tu 11J ,f Buyc1 uull St:l h .. 1 huve uut u~n::d 10 a wr1 11cn sc nlemc nt lt.c rco:' on or bcfo1 c Titl e Res olu ti o n De11 d li11 e (§ 3), 1his Con trnct sl1al l 1crmin111e o n the t::\p1nu,on of T i1lc lh·i olu 1l0 11 Ucadl iM l§ )), unless Seiki ,ccc ves Buyer's w11 1tc n w ithdrawal of Bu yer·s Not ice of Title ObJ ecuo n (1 e., Buyer's wr itt en notice to w1Hvc obJ ecuon 10 such ncm ~ nnd wn1vcs 1hc Ri ght 10 Tcrmmat c fo r 1t:a t reaso n}. on or befo re exp irn1 1on cif T i!l c Resolut io n Dead li ne (§ 3). 8.3.2. R li:ht 10 TcrminD tc -'l'lt lc Ob j ection . 8u)'Cr shall h11 vc the R1g l11 10 Tc n n111a1c un der § 25 I. on 0 1 be fo re lhc opp lic3blc dcadlme , based on eny unsat isfa ctory tit le maue r, in Ilu yer's so le. subJ eellv e di5c re tion. R.4 . Sp eci al T ul nc lllmic u , SPECIAL TAX INC. DIST IU Cl'S MA DE SUBJ ECT TO GE NERA L O II LICA TI ON INDCU J'EDNE SS TIJAT IS l'AID UY H£VENUE S l'llODUCE D f'llO M ANN UAL TAX LEVIES ON THE TAX ,I BLE l'l't l H'EH.TY Wl'fll rN SlJ C II l~'.STIU CT S. ?llO P•:HT Y OW/'1-"EH.S IN SUCH DIST RI CTS MAY DE PLACED AT H.IS K FOR INC l!EASED MILL Lb ''!£S AN\) T AX T O S UI l'O RT TIii, SEH \'ICl.~C O F S UCII lllrnT WII ERE CIR C ll>ISTA NCES MU SE l<CSU LTI NG IN T II E INAIJl '-1'1'\' O F S UC II A I ISTR I T TO ll lSC II AllG E SUCI\ INll t:II T EONE SS IV IT II OITT SUC I\ AN INCHEASE IN h11LL LEVIES. UUYE.~S S I\OUL D INV EST IC AT E rm: Sl'EC I A L !'A X I NG OISTH ICT IN W II IC II TH F. l'Pr.1•£RT V IS LOC.AT E U 11 '( C O N 1"A C T INC T II E COUNTY Tll EASUllE',(, Bl' 1n ;VIEWI N G T II E C ERT IFIC,\TE OF TAXES DUE FO R T UE r RO l'EH T I', AS IJ Bl' O UTA !.~ING f'\JllT HER INFO HM ATI UN Fl!OM THE IJOARIJ OF C0 1IN'J'\' CO MM ISSION E\I S, T II E CO UN T Y C Lrn h A \J HECOIW Ell, OH T l\ E CO UNT Y ASSf;SS UI<. Duye r sh:i ll huvc lht: ll 1£ht 10 Ter mina te unde r § 25.1, on 01 befo re O ff-k crnrd Titlr Obj cc lio n Ocu tl liuc (§ J), bosc cl c111 llll) u11sa1is fo ctory e ffc cl of 1he Prope rt y bein & lo cn l!:d w11hin a sri cc ia l t:!X lll t! di stri ct. m Du\·cr's sol e subje c uve d1scrc11u n. 8.S. Hig ht of First lle fu si&) or C u nt rarl Ap prn,·.i l. If there 1s :i 11ght of fi rs1 re fu sal on the Propcrt), 01 a 11g h1 o cip pro\t' 1lus Co ntr;ic t, Sell er sh::i ll p1omp1)y s u\11111 1 Ll us Co 11 1n1t l acco rd111g to the 1enns And rond1 11o ns o f sur.h r glu If the hn ldi-r of th e nght o f fi rs! rcfus:al exercises suc:t righ t or th e hol der o f a ng ht to ap pr o\'c chsnp prrwes tl us Contrn.:t, tht s Co 11 1rac1 sll"tll 1,rnum\l c. If the n g~.1 of fi r5t rtfusal 1s \l.il1v c cl explic itly or c ,p11c ~. or th e Co nu nct 1s ap proved, tlm Contr act shnl: rc:11111,n 111 fu ll fu t cc nud effect. Sell er sholl 1,romp:ly no1 1fy Du ye r in wr iting <l f the fo rego in g. Jr cxp irnt 1or or wai ver o f the ll i;ht of fi n,1 rcfu!)j l or Contr act ap proval ha s 1101 occ uncc! onor be fo re R ig hi o r Fln:t Rcfu~ul l)cu ll lh1c (§ )), tl m C u:1 11 .. ,:t \lrn ll th c11 1c 111:111tt te 8.6. T il lt Ad viso r y, TI1c Title Uocu mc nts affe ct the 111 le, O\.\lltrs hi p and us: o f the Prop e rt y a nd should be rc:.-scwcd ca refull y. Addu ional ly, o:hci rn3 11e1s not re ll c:ted 1n thc T,t!c Doc umen1 s may affect the lll le, ow ners hi p nnd use ol th e l'1opc 11 y. rnclwll ng, wit hout lmu tauon, bou nda ry Imes und cnc ro3ch mcnts, nrca, zonmc . cm ccorded ense merm, one claims o: clstmcnlS. JJ2 )3) 31,1 J.I!> 3)h JJ7 ))8 \c a~cs and Nhcr unr eco rde d ag1ec mc:1t s, an d viuiou s lnw s an d govcmm cn 1a l rcg ul at1c11s co ncem mg la nd usi:, dc.ve lopm cn 1 a1·d environmcn :al matte rs. I he su rl ncc rs 101c ma y be ownrd se pnr utcl~· fr orn 1h r undcrlylnJ! min e rn l cstn te, und 1r11 11 sfcr nf !he • surf.Jee es111 1c does no l n rccisnri ly Inc lude lra nsfcr ll f the 111i 11rral rlJ:1115 or wntcr rl ~his. ·1 hirtl p :.i r1 1u may hold l11 1erl•~1s 111 oi l, gas, other m lncrnls, gco1hernu1l energy or ~\'Di er on u r und er l ilt' 1'ru1,e r1y, which i111 cn:s 1s mu y givr t hem r ig hts 10 t nt cr a nd use tht P roperty. uch matters m ay be cxc lud:d from 01 nut coveu:d by the ti t.l e insurnncc po li cy B uyer 1s advised 10 tim ely cum,uh lcMu l .,uU1 1:,:::I wilh r:::,pc;1,,1 lu ull su d 1 III Jlt t lll it ll lhc1e ,uc s1111.t 111111; .1 111 11~ p1 uv11..lt:tl III thi s Cu111rat.:\ It: 5, Hc.-0111 Tit h: Ohjcctlon Dc•itline (§ 3) .1nd Off-nerord TitlC' Ohjcc1lon Ocnd linc ,'.§ j )l 3:!9 9. CUHRENT SURVEY R EVIEW. 3<0 !>.I . C urrent Sun•e)' Cuu dl1 io ns. l ft hr bo'I. 111 f 9 I . I 01 § 9. l.2 1s chcckrd , Bu;cr, the 1si:t.t·r o f th e T itle CornmllmcnL or 1hr pro vid er of the opin io n o f 111l r if :m nb str:\CI Hnd _______ <:ha ll rece ive n Currcru Survey, 1,.. Improvement 1 ncn ti on C:r 11i:icn te, tmr,rnvemc11 t ~mvey Pla t or oth er fo rm of sun ey ,;e1 fo rth 1r, § I) I 2 (('oll cc1 vc y, Cuncnl Surve y), on or bcfo rr Curre nt Sun•e y Ocu cllln t (§ J ). The Cmrcrt Survey <:hnll be ce rtified by 1he si 1rvcyo r 10 all 1hos1: who :u t' 10 recei ve the Cur.ent Sun•cy D 9 .1 .1. lm pro,·c menl Lora llon Ccr tlnra 1c. lf th e l o>. in thi s§ 9 I I is ch:ckctl,DScll cr Uuycr shell ordc , Qrovide, :m d p.iy, on or be fore" C losmg, the cos1 of .i n lmpro,•cmc nt Lor al ion Ce rtificate 9.1.!. Olhc r S u n '"Y· If t he box in lh isg.l 2 1s chc d:c:I, a Cur rent Surv e)', 0 1hcr than ~n lmprovcrncn t Loc m cm e ni fil'JIC , ~h;\1 1 he ann 11n provc mcn l S urVC) Plat --=--.,.-,-cc--· T he pame s ag ree ti ll ! pa ym ent of 1hc cost of th e C urrent Surv ey un li~1i;a1i un I() 01dc1 or JllO\'lric lhc ur:cnl SJ rvcy s1111\1 be l!.S foll ows J !l l Buyer '" 353 9 .2. S11p•1:y O1.J j cd iun. Du ycl' ~h'a lr hUh:'tlic ll i;hl to 1cv1c.,.. ,md obJci..t IJ the C u1n:r.1 Su11·c~. Jlu y:r ~hull hu\': th e R1l:l i11 )5 4 tu Te1111i 1rnte 111 1dc1 § 25 .1, on or before 111°C Cunc nl Survey Objrcli on IJ ca di inc (§ J}, 1f 1he Cu11cn 1 Su 1v:y 1~ 1101 111nely 35 5 re cc 1\'ed ':.ly l-l uycr o r bn.,;c d un nny un ~o1 1s fu e1~ry m,nue: with the Cu rrent Survey, 1otw11l,qtnndmt: § l:l .~ or § I "\ 3'6 DISCLOSURE. l:'<S PECT IO N AND DUE DILI GE1'CE J57 JO. l'llO l'EllTY DISCLOSU RE , I NS P ECT IO N, INDEM NITY , IN S Ul!A UILJ T\' A;'/D JJ UE DILIGE NC E. 35 8 JS~ JuU 361 )'2 JO )64 365 366 ]67 , .. 1•9 :n o Jl l )72 J7J 374 ]15 )16 317 318 37 9 3tiU J~I )52 JI!) )t:i4 JSS 38 6 JO .I. S cll tr's Prope r ty Uh clo surc IJl.•:1d ll n c. On or bc:ore Scil t'r '~ t•ropcrty Uist'l osurc Oc:i dli nc (§ 3). So!lll!r ai;r~!S to de li ve r to IJu yc r tn e mo.~t currcnl vers ion o:· th e app l1cabtc Co lorado k cal Cstate L:om rm ss1on·s !-ie ller·s :'ropl'H)' U1 sc l:1sur e to rm comp leted by Se ll ~, 10 Se ller 's ::i.ctun l know lcd~t:, curr em 1:s of the d:ue of U1 is Cu mr:,r.1. 10.:. Ju~pcc llu r1 Ohjci:tiuu Dc::ulll 11 c. l 'nlc ~) olhc Nm c r,rO\'ILc d in 1l11 s Con trhct, B.i)'Cf 11c.:kn u.v letlges thll t ~cll~r LS l.Om-·cyino th e P1opc1 l)' to Buye1 1n an "as is" coud u ion, "whe u: is" rimt "with all ril uh:,". Selle , .s hull LJi~du)C lu Buyc,, 111 wrn mi;, :.ny In te nt d ... t'ccts 11c1u.1 lly kn o ..... n by Sell er llu)'ct , acting m goorl fo 11h, sh11 ll hiw c the rig ht to hnvc ms;>ect1ons (b y 01c )r mo·e 1h1rJ pnrtics, pcr:io nolly or bot h) o:· tl:e Pr operly ond Inc lusions (ln spec1 ion), 111 Bu )cr's c'tpc nse. :f (I) the ph ysic al co 11d1t1011 of the Propcn y, mcl udins, but not li mit ed 10, the ro of, w:ll ls, st ructural m1cgn1 y of 1hc Proper1 y, the elect ricll, pl umbins, HVA ( ::rn d ot her m e::h:mic a l sy~tcms o f lh e Propert y, (2) th e p hysi ~:i l conchtion of thl? ln:lusions, ()\ servic e to th e Prop e~ty (ir.cliJdm~ u1ilitics am! co mmuni ca tion scr,iccs), systems nnd compo ncms of th e Pro peny, C,!l , hen tm g nnci plumhn&, (4) nn ; prop osed or n i(l ing 1rnnsp11 r1 :t ll n11 rmJcl", rn iu!, <:1 11:t:I iii luehwny , nr i 'i) any 01lwr ar 1i,•ity, o<l nr or nni sr (w lu:.t hrr 1111 nroff 1h e Prn p~II ~ :tl'fl it ,; effect m ~xp cctcd r.ffc.,1 on !he Propert y or it.~ occup:ml s i~ unsm1,;fnc 1ory , in Buytr'$ ~nl c ~u bJccu ve di,;i:rc11 on, Buy er ~hnll, <'n N before l11 5JH'Clio n O bj ec ti on Dc ndlin ~ U 3)· 10.2.1. No llcc 10 Termi nate . No ufv Selle r in wr1lmE? tho! thi s Com rn ct 1.i tmmn ntc C: or 10.2.?. ln s pcrllnn O hjcc 1\n n. De'ivcr to Se ller J v.ri 1:cn desc 111lt ·o n ofanv uns:11 1sfo c1ory 11h ys 1ca l :-011d1 1:ou thJt Uu yer u:quues Seller 1ocorre;t. Buyer shall h .t\'C !h e Right 10 Tc rm in :i.t <:: um\(r § 25 .1, 0:1 or before Imprc ti on Objcl·fio n Orad linc {§ 3), bnsc d oo a r)' unsJti sfoc tory ph ys iCJ I co nd 1hon o f the Pro perty 01 lnclu.~io ns, 10 Bu yer') sole ,ul;jcctiv: d1sm:11 o n 10.J . lns pec1lon Rc .rn lut ion Dcnt1 1i nc. If an lns pc c 11on ObJCC ti on is rc:civcd b)' Seller, on or before l nsprcr ion O hjccl ion Dc ad hne (§ 3). a:i d if Bu ye r an d Selle r h:iv c 1101 ngrcc d in writi ng 10 D sc ll kmcnt thc1cof on or be fo re lni.1a•l'lio11 Hc:.olu llon ~:11 d linr B 3), this (.:o n!rn ct s lm ll !crmmnte on tns pl'l'll o11 l{{'so 1t11i o11 l)c:i d lifa• (g J ), ur.lc,:; ~c lli:r rccci vt:s IJ1qc1 ',; v.rnt c n w11 hdr,1w II ol the lnsp ccuon U l'JCC ll on bcf1.11e such tem111011on , i.e., on or be lore c.x punlloo 01 ln~p{'c l io n Ht:l olul in n Uc:.dlmc (§J) 10.4 . O:.m:ii:e, Lie ns and l ndcm 111I)', Bu y:r, except as othern,sc prov ided m !hi s Contract or other w riuen ag,cemt·:n be tween the pa 111 es, is 1:spons1blc Jo, p:1 y11u::111 fu , ,111 111)µ;:c 11u 11), te sts, sur,·c ys, rngme:n og 1cpu1h, 1.11 iUI) vlhc , wu,11. pc,fu1umJ .!I Duyc 1 ':. 11:quc:.L (Wu,.,_} am.I sh,d l pay fo1 illl)' d.Jm.1gr ti.Pl u i..\.UI: tu the P1 u11crt y ,1111J ludu:.i ons u., resull of such Wor .,_ Duyer shull 1101 pcn mt c\uims o r lie ns o f un y kin d ago1:is 1 the Pro r crty fo , Wo 1k performed on the Pro perty nt Buyer':. •~q ue st. Bu yc1 cgrci.:s 10 111 dc 1:11H f)-', protcc l and hold Sell er harm le ss from nnd ogoi rsl any li,Ui li l)', d,unngc , co.:.1 01 cxpc :1:;c incu~ed by Scll,r 1md cn u:;e d b)' on :,, such Wo rk , cl :i im , or hem Thi s indemn ity 1ne lud!.'~ Se llrr's rlf;hl to 1ccJHr :ill .,;osu: Jn d c,-pcnsc s incun cd by CDS.3 · 10•1 I. CO-.'THA CTTO nur ANH SE LL lt EAL rs r~ n: ((UMt-l CII Cl 1\I.) l':q;cf111 f IS • • !81 •: !90 J9 1 )9 2 )9 ) )04 )91 )96 )91 ]98 ]99 400 40 1 402 40] I,~ 405 406 401 40~ 409 ,1 0 41 1 J ll 41 ] 414 411 • 6 '1; '1 9 ,20 ,1 1 '-2 2 <2 ) ,,. '21 (7.(i ,21 ,2s (29 <JO 411 m ~.13 rn Ol Scl ltr 1.0 ddcnd 11ga inst DO)' suc h liob 1l 11y. dam age, cos 1 or expe ns e, 01 lo enfor ce thi s s ecti on, in c lu d ing Selle:'s rca rnnab lc alt omc y rec s , legal rce 5 an d expe nses The provis ions o r this secti on shall surv ive the term ina ti on of 1h1s Co ntra ct. 10.S. l ,u urnhil lt y. 8 uye1 shflll h11ve 1hc ri ght m rC\'IC W ond o bJcCt to the ava tlab 1l u y, tc :ms nnd c.:und1t1or.s of and prcr 1i um fo r prop erty ms uran cc (Pro pert y Insurance). Buye r shall ho ve th e Rig ht to Tc rrr,1nntc unde r § 25 I , on or bc:fo rc l'r opc n y lnJarun cc U lt jccli u u llcu J li nl' {§ .l ), based o n an y u ns11 t1.s fo c1o r)' prov m on oi t he Pr o perl y ln :.u ra ncc, 111 Du yer':; ~o\c t ubJc :11vc d isc1 c1i on. 10.6. Du e Oili gc ncc l)oc u mcuu. Setler agr ees to dr.l 1ve1 copie s a l th e to ll owmi.: d ocu men ts and 111lo rma t1on pcrt ammg to th e 11,n1•n1 y (nuc Dilige nce Doc ume nts ) 10 13 uy cr un or be :·ore Due ll ill gc ncc Docum ents Dcll\'Cr y Ocn d linl· (§))tu thi: e(!cnt s uch Due Dilige nce Doc ume nts ex ist and a,e 1n Se ll er's possession 10.6.1. All contrnct~ rel at in g to the opcr:ll 10n, m;,in tcn :mcc :ind r:,11 11:tccm enl o f the Pro pc n y; 10 .6.2. Property tax bill s for the Ins t ~ ye ar s 10.6.3. As-h ui\1 co ns tru ction plnn s to th e l'ropen) and the tenant 11n prov emcn1 s, 1ncludmg nrchitec11 u a l, el"c1:1c nl, mecha nica l. (i ll d structJml sys tem s: engineerin g ,eµorts. and permanent Ccruficate s of O cc uprncy, to th e e~.lc ni now ava ilab le, 10.6.4. A lt s1 ofnll ln r.l us1ons to be conveyed to Ouycr· IO .ti.S. Opc rn1 1n& ::1:ucmcnts for the pa~t ~ ye ar s; 10.6 .6. A rent roll nc cura lc and co rr ec t tc tJ1 e date ofth,s Con trn ct; 10.fl .7. All curren t le!ls es, mcl udiu g an)' am :ndme ms or 01her occupancy 11i;rtements , pu111111111t; t u the P ru;u:rl)' IU .6.8. A sc hed ule of Rn y ten nnt imp roveme nt work Sc ll c1 is obhr,at ed 10 complc :c but ha s no 1 yet comple1cd 1111d c:i p11al imp rove ment work -:1ther ,chcd ulcd or in p1ocess on the dsuc of 1h15 Cn11 u ac1; 10 .6.9. All msurancc poli cies p:rtnmmg to 1h : Prop :rt y a nd cop ies o f uny c hum s w hic h hov e been made fo , 1he pas , lwu yea rs, 10.(t.10. S oli s reports. Sun cys a nd engtr.cc n ng iepo n.c, or da 1a pc r1111 nmg to 1hc Propcrt)' (i f nut delive red e:nher u nder § g 2); I 0.6 .11. An y ond nil cx1s1iq~ clnc:uin m 1:1 1rnn nnd rep ort ~ regar d in g Ph as e I a nd l I e:wironmcn tal re port s, lrn~n:. 1cs 1 re sult s, ndv isories, a nd !i 11ndar documents ,cs pc rnvc rn th e e,-1s1rn cc 0 1 non e:-a ste nce of asbcstM, PC B 1nrn sfo rmers, or other 1ox1c haz:mlo us o r co111u 111 i11u1ct.1 :>ulist uncc:>, trn d/01 · u11dci'g1ound :;torag c tank s and /o r ra don ga s. !f no re poru 11rc 111 Sel ler's po:;~,:~ion or kno w n to Sell er, Seller slml ! warrant llau 1{o·such 1e po n s i!re in Sell er 's possession or known to Seller , 10.6.12. An y .◄m c r ica ns w1tli DLrnbJ/a1 cs Act repor ts , s1ud11:s or survey s co nce mm g the cnrnp lia:i ce ul th e l'rop tll) w ith ~a i1t A r.I; ' 10 .6 .I J. 1\II pcnui ts , lic cn ses ·lmd olh::'r building o r use uulho ri 1.a11on:;: issue d by ai,y gove mmc nlRl au th ority with 1uiiidic tion ov er the Prope rl y D.lld wri11 cn no ucc of uny v1o ln11on of 01:y s uch pr nn il:;, l:cc nses 01 use :i u1h o 11 u ti:ms , if an y, :ind 10.6 .14 . Oth er Doc um en ts : ~N~o~n~•-~--,-------,------,-----------· l0.7. Due Oili g~uce Doc um cn ls C o nd l1 ions. Uu ye r sha ll ha \e the n &ht 10 rev iew and obJect to Du e Dd 1&en ce noeumrn1s, :,nning und any use rc suict1ons imposed by any govemme11t al El gt:ncy w 11h 1urisd 1c u on over 1h1· Prope rt y (Zoum~). Ill Du~er 's so le s ubj ec tive d isc re tio n, or Sc '.ler 's fo tlur c to d ehve r 10 Bu yer ,11 Due D1!igencc Doc um ents Bu yc , sha ll also ha1,,e thr Luu lc1tc 1t l ri ght to wai ve nny cond iti o n he re i n 10 .7.1. Du e Diligen ce Oomm en ts Objtction. Duy er shall ha ve tht !)1ght to Te rm n,a1c under § 25 ,\, o n or befor e nue llllige n cc Doc uments Obj ccllo n Dea dli ne (§ 3), based on :m y un sn uslac lOI) mall . A'ilh th• Du e D iligrn ce Documents. 111 Auye r '( sn lc (UhJ:!Ctivc chsc rct 10n Ii. howev er. Du: D ilige nce Docu ments :ue no t 1i mcly delivered 1J 11de1 § I 0.6 o r if Selle r fells w delive r all 0 Jc Dili ge nce Do cu ments to 3 uyer , th en Duyer sha ll have the Rig hi to Tenm na te uno~r ,j 25 I on u before the ca rhe.- o f tcn cfo ys nnci Uuc l>ili ge ncr Documc u1s Obje ction Dcodlin c {§ 3) or Clo!:i ng. 10 .7.2. Zo ning . Bu yer shall ha ve the Right !O Tcrm umte unde 1 § 25 I, o n or bc10rc U ut Dilig nee IJ ocume nh Ob jecti on Cl·alllin c (§ )), bn sed o n any un sit t1 sfoc1ory 10 n1ne, 1n Bu ~c r's sol e s11 bJec 11v: d is creuon 10.H. ll ue Dili ge nce -Ell\·lronmc1i1 :1I. ADA . Bu \l cr sl1;1 II have the ril!hl to obuun cnv1ronm c11t a l 1ns pcct1 o ns c f 1he i'rope n y~luding Pha se I and l'hasc II E!~viro nrncn1al Si te Assess ment s, us appli cable . O scll rr [Z}Uuycr shall 01oc r o: )HU\1t.le L{j Pl uuc I E nvlronm ent11 I S it e /\ssc:um ent , Orha;c II En,iro11 111 c111 :d S itt /\ssc ss mcul (com!>lmnL w :1h AS TM EIS27-05 s 1and nr d pr:1ct1ces fo 1 Em iro nm en tal S ite Assess me nts) and/or □-------~111 1hc e~pt:nse ofOSclkr 0 uu.,•:r (l;n v11 unm rn111 \ l1 1spc ctton). In 11dd 111on , Duyer may nlso co n<1uc1 il n cv ul u11t1o n wh et h::r th e Prope rl y co mph cs w1:h the ,1,,,,,r,rnm w,1h Dirnbi /11 1cs Act (AD A E\1al ua uo n). A!I such msp cc t1 on s and cva lu a1 1uns shall be co ndu, cd a1 s uc h 11mcs as are mu111all·, ag reeable to minim iz e the i11tcrrup11011 of Se ll er's :i nd cny Se ll er's len;mL~' busmc~s use s or the Property . if or.y If Bu)c1·~ Plr ~c I E11 vi 1011m c n1n\ S ite Asses!>ment 1ccom mcnds n Ph use II Env1 ronmcnta l Sit e Ass essment, the E,wironmcnl:I I ln s prctio n Objec li o n Dcudl\uc (§'.\)sha ll be exte nd ed by __ da ys (Ex ten ded Env ir onme nrnl !nspec11on ObJetllon Dead li ne) e nd if s uch E:<te nd rd Env iro:i me nta l lnspe ::11011 U bjec t1 011 Uea d !me ext ends t'i eyo11 d 1hc C losi ng Oa 1r (§ J). the ('lo(inJ? 1111 11• (§ J) shill I be e xt end ed 11 li ke period ofn rne Du ye r shall have the Righ i to Te mun otc und-:r § !5 I, on or before [n vironmcnl al I nsp ec ti on Objectio n Dc a dli11c (§ )), oc 1f zpp l11:11 ble the E,;,tc m.l cd E11 v11 011 11 1cutal l uspcr::1101 1 ObJect1011 De:idhn e, bns cd on on y uusot i~fa ctol) re:;u lt:; of Env 1ronmen1a l lns;,ecc io n, in Bu ye r·~ so le subJe cm·e disc re tion. CH J , IO•t I CO~TI UCT TO HU\' A:-.O liP.LI ur ... 1. ESTAT E (COMt-11:RCI/\L) l'ni;r9of l S Buyer sh11.II have th e Rig ht to Terminate und er § 2~ I, o n or bcfo ,e ADA t!:valua1 lo n OhJecl lon Un dhn e H )), bilsed on m y unsnuslne tor)' AUA Eva lu atio n, m Buye r 's 5olc su~Je t l,·.e c1sc re t1on . • 10.9. E1tulnr, Le ases ; M odlO cnt lon or [xlulng Lusrs; Ntw Le ases. Seller sl.ltc ~ 111111 none of th e Len ses 10 be a::s ii ucd lu th e Duyc:i ut the :ime of Clcs ing \..Ulll ui n 1111y 1cnt conccs!l ions , 1c111 1ci.J uc1iu11s OI rent nba1:n1e11 b CA \.'tpl u:, J isi.lo scd in tl1 e Le.:se 0 1 0ll .c:1 wri ting 1e c cived by Ouye~. Se ller sh ell not amend . clt cr, mod i"y, ex ten d or cnnccl any of the Leases nor shall Se ll er en ter into any new lense s ilffc ctmf the Propmy without th e prio 1 w11t1en co n:;ent of B11yc1, whi :h consent shJ \I 1101 be unr :a sonob ly wi th held or dcl:iyt'd . 452 I I. TENANT ES TOPPEL S TATEM EN T S. 4<3 I I.I. f l'1111n1 E~ro ppr l S tn rt rmnt,; Condlti nn!i . Au yer ,;hn ll luw e the r1g h1 to rev icv,• nnrt nhJt:r l tn nny F.o;1rop 11el 4~4 S1n1r:mcnl$ Sc-li er sh11ll nhtm n and d :livc r IO Buyer on or ~dnrc T e11 1111l Esto pp cl S 1otemc 11ts De1 dli11 e (§ 3). ~m1em c11t s 111 a 4 ~S fu 1m end :-ubstn ncc ,earnr.nb!y ncccptn blc to Bu yer. fr om eac h oc cupant o r ten ant at lhe Property {Esto ppel Statement) J.UEc lml :o 456 11 cop} of s uch occup 1rn :'s or 1cm1nt's lease rrn d 11ny 11mcndments (Lease) stat in g. 4S7 I I. I.I. The commencement date of th e Lease 1 11tl sc ht.dulcd :cnnmat ion date of th e Leas e : 458 11.J.2 . Thul sai d Lcnse 1s in fu ll forc e rmd e:Te c1 and tha t there have been no suUseqJe nt mo d1 fica1 1or s or 459 am emlmi:nts; 460 11 .1.3. The amount of an~ advcm ce ren tals ?lid. 1ent concess ions given , and depo iil:i: pmd :o Seller; a 6 \ 11.1.4 . Th e amouu1 o f 111onthly (or othe r appli cab le period\ rcn tl!I paid 10 Seller; 462 11 .1.S. That lhcre is nu cl cfau ll under the te rm ~ of sn 1d Lease hy hmcJl ord or 'lcc 11 pa n1; nnd ,:6J 11.1.6. l hnt tt.e Le.ise to wh1ct; the Esloppc l 1s ounched 1s n 1ru~, co rre ct and complete co pyof l hc: Lease d-:rn 1sing 4M lhe p rem ses it describe .:; ll 6 5 1 1.2. T c mtttl E~tt.1 J1pcl S lllll'mc nh O IJ jc i.:l lu u. OU)'C:t :.lrn ll huv c: tllc: llii;hl tu Tc:11111 rn11 c umlc , § 2:i .1, 1111 u1 1Jeru1c: ,166 Tc nau t E~,u~µcl Stnlc111 <'11 U Obj cc1!011 Dcad llu c (§ )), bas ed 0 1 t i\)' un.n 11 sfo ctory I::~to ppel S ti tc r:l cn l, 1n 0 1,)'e :':. sole H,7 ::.ubjectiv: dis c1c 11011 ur 1f Se lle r fails 10 dchvc: the Estoppc l Su1h:rr.cn :s en e r befo re Tcn11 n1 E.s ro p pd S:a 1c111 t·n1~ DcBd li1 u-(~ )) 46 8 Du ye r :;hJ II ti lso hav e the un il otcra l n gh1 to waive any 11n :;3t1 :;fnc 1or)' Es 1c ppel Statement . ,:09 C LO SING l'IIOV ISIONS 11. CLm,,r-G UU CU ME~TS, INSTIW C nur-s ANU CLU SI NG. 4i 0 "' 4 i 2 4 i J 4id .;,s 416 '1 i 7 47 8 4i 9 4SO 4~ I 462 12.1. C losln g Documents und C lo s ing luro rrn at lon . Selle r ond Bu yer sha ll coo perntc with the Clo•,ing Comp any 10 -j enabl e 1hc Clos in g Com pan y to prepare nr.d deliv er docu mcnu re-1u ired fo r Clos ing to Du>cr uml Scll:r an C 1h c:ir dc s1gnccs If 'ffflfll' Buye r is ottaln mg a new loan to purc hase the Pr opert y, Bu ye r acknowledges Buyer's lender shall be requ ired to provide the Clo~i11g CompJII )' iu a 1i111e l) 111a11uc1 111! 1equi1 ed loan d ceu11 11:nts an d financiJ I mfo nnat iou co1tc~m ing D1.::,er's new lonr.. Duy:, and Seller will furni sh eny nddiuonal information a nd documents rcq uued by C\oJin~ Company th:it will be nc;c ss ary lo comple1c 1h1s tn .n:.ac ll o r .. Du y:t and Se ller shall sii;n and comp lete all cu:.to m:i ry or rea!iOnab ly requi,ed documeuts 01 or be ior~ C\o:a ng. 12.2. Clo~ln i; ln strr1111,'o ns. ~et and Selle r os rec to c,ic,;:u\e the Co lorado Real Ei:t111 e Comrnw,1on ·s Clo~ lnst1 uc1 ior.s. Such C losir.g ln smu:t 1ons LJArc / A re !\'ot execu 1ed wuh this Contra ct. Upo n mu tual ex ecuuon,D Srllcr LJ Hu yc r shell delive r such C lo sing lns 1ru ct1on s lo I e C los ing Co n1pnn)' 1 l .;\. Clo~in g. Dt·livcry o f cl ceci from Sell e r 10 n uyer sh RII he nl clo,;11"1e (C:l n sm e) C:ln,in g ,.h a ll he nn the da t: Sjlc ciflcd D'-1h c C l!uin c Dute (§ 3) or hy 1:rntu11 I ng rccm:nl nt an e:irl ict date . The hl.'ur an d place o f C lus inc shall be as de s1e11ated l,y Ci ty of En g1owood 483 12 A. Di srlosu r e of Sett lcrn r nt Coses. Buyer nnd Seller aclmowlcd ~e thal cos LS . qua lity , onj c>.1en1 cf ~crv 1ce \'ary 41M bcrNecn d1 fTc rcnt selll e:nen t service provi de r:.: (c ,t:-, llt\0rnc ys , le nd ers , in sp ectors :in d t11lc cor.1 pan11:s) 485 13. TRA NS FER OF T l" LE . SubJeCt 10 len der of payment ot Closi ng LIS requi red he1em a:,d co:npliance h> Bu yer w11h the .:86 oth::r 1erms nnd provisions her co r, Se ller slrnll c:\ecutc :ind de live r a good nnd suffi c ien t S ecial Warrant dee d a 87 to Duyer. ot Closi ng, co nveying th e Properl y fr ee und clcor of oil uxes e:itcep1 th e genera l tnxc s for the ye ar of Ci usmg E,cept n 481! proviC.cd herein , 11 1\e shri ll be co nveyed fl ee nn d c lear of oil liens, in cl uding nny go \·c:rmncntal hens fo r s pecia l impro vement s 489 insta ll ed as of the da te of Uuycr's signn tu rc hereon, wheth er 8Ss es scd or not Ti lle shnl! be conve yed sub;cc t :o . 490 13.1. fh ose s pecific Ei-.ccpt rn ns descnbed b> reference 10 re cor!1cd cl oc umenis as rcflec1ed m the l"i tl c IJocumcnl s 49 1 :i cce pled by Uu yer m 11ccordancc \,1 th Hrcu rd Till e M11 11 cn: (§ 8. !}, 4Y2 IJ.l . Distrib·Jtion utility casements (in clu di ng cab!c TV ). 4YJ 13.J. Tho:.e spceifi..:a lly described righ u of third pm1es n01 showr by the publi c rcco1d:, of whi t:li Bu)t:I Im~ 11 .:tuJI 49'1 knowledge and whi ch were a:ce pt .!d by Ouye , m ac cor danc: w ith O rf·RL!curd Ti ll e M 11 1tr~ (§ 8.~) 11ml Cui, cu t Sur ,c, R l·,·irn ,,9, (§ 9). 496 13.4 . ln clus1on or LJ,e P1 ope1ty wit hin a11 y :i:pe cu1 I 111xing d istri ct, and 497 13 .5. Other S09 .::i tt nched Adendum to Conlra ct CUSJ -10-11. CO;",n llACTTO BUY /\NU StLl . llEAL CST ATE (COMMEH CIALl • ~00 SOI 14. PAYMENT O F EN CU MBRAN CES . An y en cumbrnnce re qu ired to be pn 1d shull be pn 1d at or befor e Closing from th e pro:ec ds or this trn nsac ll on or r,om any other sou rce. 1;. C LOSING CO~TS, C LOS I NG F,E, AS. O C l ,,TI ON FEES A ND 1·,,n:s. 15.1. C losing Cos u . Bu)'CT nud Seller s hall pay, 111 Guud Fu mh , t hc:11 1c)p t 1.11vc i:l mi ug costs nnd all 0 1hc1 11 cms re qui red ~01 tiJ be paid .it Clo~1n g, except as ot he rwi se provided herein . jQ) 15.2. C losing Scnlccs Fe e. The fee fo r real es tat e closing se rv ices sh nll be pnid at C lo sing by Ouuycr O srl\cr jQ,1 Donr ti 11 lf by 0u yrr nnrl O nr-ll11lrb y Srll rr on,twr _-,--------,---------·- ms 15.J . Stat us Lrttcr und Transfe r Fcrs. ,\ny fees in ci den t to th e 1ss uun cc of Asso·1 nt ion ·s stnlem~nt of assessments )06 IOl sos (Sll!U S Le tter) s hall be pa id by Oouyer n cllH nooc-llQlf b y Duyc1 a m! O n c-11 1l 1 by S cl h.r □ N11n r l\ny tro ,:;rc r fee s a sse sse d by !he Associtillon 111cl uding~1 not h7nifc :I 10, erµ'..!,ecord c h11.1lgc fe e, regar dless or nume or m l~ such fee (Msociat ion 's Transfer Fee) shall b,:..£.;1i d by □Ruyc r ncll c r LJ0 11e ~H alr II)' Bu yer 1111d One-llnlf by Sc ll er LJNn11c S09 15.4. Loew i Tr.::i nd~r Tu. LJTht l.ncal Trnnh'crTu o f ___ V, of the Purchase Pri ce shall be p:ud Bl Closu1g b y H O Onu yc r q scll r:rno ne -Hnlr b)' Duye r an d One-ll tllr l>y Sell er nNune. 511 15.5. , l,·u1c~1111.!o re, Fee . Pri vn 1e u.in~r:r rcc:i ond other fcc ::'uu'c too t1 1J11 :;fo r or the Properly , ~nb lc nt Clo-;;in g, s:uch H2 os co mmu mly associntio n frcs, dc v~e1 fees a nd fo und11 tiC1n fee s, shnll be rrn,d it l Clo.sing hy □Uu }'t:r LJ Sc ll t•r ooue-HuH 51 3 IJ y Bu ye r 1111<1 One-Il a Ir hy Sc\lcr L_J ~o11 c. \1 4 15.6. ~ulcs aiµL,Uu. Tnx . Any sales and use lax that ma y ncc rue b~r.111c;c of th 1s 1:ans11c 110n shnll be paid when due h) SI 5 O uu yc r O scll cr LJO nc-ll nlr b)' Duyer null On1:-ll 111f by Sc ll t'r O Non c, )16 Sl7 SIS l\9 520 i ll sn m 524 .! 527 128 129 530 Ill 5J2 SJJ 53, S35 S:<6 5)7 SJ8 5)9 540 5;11 5., 5•6 s,1 ;,g ·•9 16. PR ORA TJONS. The fo llo wing s ha ll be pro ra1ed to Closing D:i tc (§ 3), eitcep t as otbc,w is e pr ovid ed: 1.6.1. T n)es. Pc rsop!!f.ropcny tu.cs , 1f nny , s1iec1n l uo:lng disl11 c1 as s-:ss mcn1 s, ir 11n)·, an~c n-:r<1 l rea l t.:~Wt~ uu.ci, fo1 1he yea r c,rC losi ng. based on uTn'<r~lh t'.~ulc ntl ar Year lmmctll11l l'I\' Prece din g C lodn~ l.{_!Mo~1 Rcccn1 ~1111 L C\') 111111 Mos t Hcc cn l AUl!ssc d \lalu ahon, or Othtr ______ ~~---------------- 16.2. ll cnu, Rcn1 s bmse d o n Rent s .\cl u;,ll y Rec:1."!lved Ac cr u1·il At C lo.mg, Sellr-r shall tr:rn c::fo r or c rc 1i11 IP Du ye r t~e secu rity de;,osi1s fo r nll Lenses ti ss ifl 11ct1:· or nny remamdcr after lawfu l dcdu c uons, nnd no tt fy all tc,rnnts in wnti :'!g o:' such tra nsfe r and or1 hc trnns rer cc·s nam e unJ odd rc s~ Se ll er shu ll lt):.iijn lu Buyc1 all Lc u:ic~ in effect ut Clos 1ni; nnd Duy er shnl ass ume Selle r's ob li gations un der such LcaS d '.-· .. 16.3. Ass ociat ion Assess me nts . CuJre ri t rCg ul ar Ass1Jci a1 1011 nssess mr n1s iln d due s (Assoc1a1 10:1 Assess ments) p,11d m !ldl':1ncc sholl be: credited 10 Se ll er at Closin g· 'C;uh rcsr rves hi!'ld 0 111 o r tht! regu lar Assoc in 11on Asse ssments fur deferred main tcmmc e by th e A:;soc 1eticm shall 11 01 be.c red ited 10 Se ll er exccpl ns mny be otherw ise p1 ovid ed by lhc Governing Document s. Uu ycr e.ckno wlcdges lh al Duyer ma y be ob li ga1cd to pay the Ass uci a110n, a t Clu:r.ing, au amou nl fo r 1escrv cs o, ...,o,k~n capua l An y spccin l ass e ss ment assesse d prio r to Closl ni; Da lt' O 3) by the Assoc1a 11 on shall be 1he obligotion of n Buye r / Se ll er. Exc ep t how ever, nny spcc in l :1s ses smen 1 by the Ass ocie 1io n fo r improveme nts thn t have been insta ll ed os ~he t.ln tc o uy r fs s1i:;11nt111c hereo n , whethe r nss e~scd pri or 10 or Afrcr C'Jo,;;mg, ,;;hall be the nh liea11t1 n of Se ll er Seller rc p,esents that 1hc As soc ,a110 n Ass cssm en~ nrc curren tly pa yable at S _____ pc, _____ and th;'!.! th ere are no unpai d rcg ul :u or special as sess men ts agmn st the Prop erty c,-c:pt lhe 1;u1rcm 1ci;ultu ass ess men ts und ___________ S uch assessments arc subjcc l lO change as provid ed in the Governing Doc um en ts . Sell er 11grecs lo promptl } ,cques: the 1\ssocrn t1on 10 dch vc r to Bu ye r befo re Closi ng Oatt (~ 3) o current Sto1us Lette r. 16.1. O ther Pruru lions . Wnt rr aml ,;;e we1 char ge,;, int er!!'-\ O'i cnnt inu111 g lo:m , a nd ______ _ I G.5. Fl 11 11I Se Ul c11H"n l. Unl ess othe rwi se 111,:1eed m wri tin g, the se prorntio r.~ sh:ill be fin al 17. l'OSS E.SS ION . Pos;ess1o n o f the Pro pe rt y shall be cehvercd !O Uu)'cr on Pos~l!Hio n Dute (§)) 111 Posst•niu u T im l· (§ 3). :i'J bJc Ct to th e fol'.ow 111g Leases or tcntmcic ~: · None. 1r Se ll er, nit er Clos ing , fai ls tu li ci -po:a~t:))iu11 as spc uficli, Sellc1 shall be s ubJcc t to cv1c 11 o n end shn ll be add 1t1011:il li' l111o lc to Bu yer ro, p:iy mcnt or SN/A __ .1,e1 dJ)' {o r an y pun of J day notw 1thsum di:1g § 18 1) from Poss ~uio n Oa tr {§))and Possessi on T imr (§))until pos:.cs.si0 11 _ _1s 1\e hvcn:d . GENEH.AL PH 0 VISJONS 18. DAY; COM PUTAT I ON OF PE HI OO OF U A YS, DEA DLINE. IIU . Da y. As use d in thi s Cont ract, th e term "duy" sha ll me :m the t ::!tirc da)· en dmg at 11 :59 p.m., United S1atcs Moun 1a·n T une (Stand a rd or Dayli ght Savings as app licab le). 18.2. Com put alio n or Pr rl nd nr On)'", Dt>nd lin e. In cnm ru11ne o rmml of days, when the cnd 1ntl date 1s no! spccdiec, the fo st du y is excluded l!nd the la st d;;i y is mc!udcd, cg , 1hre: days r.fle r MEC 1r any deadl in e falls on a Saturday , Sunday or CllSJ.10.1 1. CU l"i l ltAC1" TO uur A NH SELL REAL EST AT [ (COMMEHCIAL) 550 551 federa l or Coli>radn s101c ho !:d11 y (l·loliCoy), such deadlin e [Z] Shu ll O Shall No r be ex tended lo t.lc t1c>.t dny tlllt is i:01 a Saturday, Su ndny or Hol iddy . Sho ul d nc 1lhcr box be che cked, th ::. c.1eut1linc shull not be e~tendc d . • 552 IY. C A USlc OF L OSS, I NSU I\ANCF.; CO N DITION OF, OA MA G f. TO l'IIOPE R TY AND I NC L US IONS AND 55J 554 555 556 557 55S 559 Sf,(\ 561 562 56) SM 565 566 561 568 569 > IU 571 572 513 ~7<1 575 576 <7 7 57R 579 580 581 582 583 584 585 5 86 587 5 88 589 590 59 1 592 59) S!Jt: 595 596 !i C/7 \9R 599 600 60 1 602 WALK•T HROUG H . Except u.s Nho;rwise provided in tlus Cor 11:3c:, t~c Pr operty , l nc lus icm s or both s hall be 1.Jt:!1vm:ll 11; th e conditmn cxi.!.t;ng as uf tl1c da le of 1lm Cumruct, 01dit11u y w cJ1 eud 1ca 1 cxu:µtcJ . 19 .1 . Cu u~c , u l LL·n , Jnrnranu. In the cvcn1 the l'ro?e11y o r Inclusions arc dnma J by fo e , othe r pcri h 01 couscs of los~ prior tc Closin1; 11': an nmou nt oi no t more thnn ten pe rcent or :he 10:o l PurchJse !'r ice (Pro ;,e rt y Dumn~c), Se lle, d1J ,I be ob ligntcd to rcpuir the :;nm e before C los ing On.It (§ J}. {n the even ! i;uch da mage is f\O'. repai re d within sa id time or .f lhc damage ex ceeds such s um, thi s Cootra ct mJy be 1emiin11 t:d :i.t 1h e op tion or Du y~r Buyer shall ho ve the Righ t 10 Tcnnin:ll c ui1d cr § ~~ 1, on or befo re C lod n~ 0H ll' (~ 3), bRst rl 011 ony l'ropn1y nnmncr 11('11 rrr,niru hcfnre rtm•lnf! 11 :ue (§ ·,) Shr1u lt l l\uye r :-ler t rn r1ury n11 1 thi-: rnntrnr:1 ,lr-i.pi tc <:uch Pr oper!)' f'\1unnee. Hu yer shall be en:itlcd to a cr:di1 nt Closmp ro , nll insurance p1occcd~ tlinr were rccc i\P cd by Seller (bu l no t the Associ1u io n, if nny) rcsu ll ir.c from ~m:h dam:tge 10 the Pro pe rty and ln d usions . pluf ire :imount of nny deduc1ib!c provided fo, in s uch in ~urenc : policy , S uch crd11 shllll not ex ceed the Purch !!.Se Pri ce Ir th! e,em Sel k., has no1 re ce1\Pcd such insu rance proceed s prio r to Closi ng, the pnmcs ma)' 11g1rc IJ c!(tcnd the C los in ~ Ou lc (§ 3J 01, a1 the op110 11 of Bu yer, Seller sh e.II nss1gn such pro cee ds ot Clos mg , pi es credit 13u)'cr the amtmnt of any Jcduc1iblc p o" dC"d fa r 11~ rnch 1:i~u rnn ce polic y , bu t not 10 excer:d 1h e totn l Purchasr Pnce 19.l. L>nm a~e, Inclus ions untJ S c n •ict'S, Sl·o uld un y Incl usion or se r\•1cc (mcludmg utd111cs and co mmuni cano11 serv ices), system s ar.d co mponen1 s or the Prope n)', e.g., hen1111g or plumbm :;, foil or be danrnltc ci bc1w cc n the dat e of tl us ontrnc l and C lo si ng m possess io n, wlHC hcvc r shull be earli er, 1hcn SC'I e r shall :,c l1 11 ble 101 the 1!'pe 11 or tep lacem•:n: ot such lnclus10 11 . sen1cc, S)',Stcm, co mpon enl or fix lurc of the !'ropcrly wit h II u•·11 of s:111 1lnr s11e, age and c,ua lil)', or an c:i u1v,1lc n; r.:1ed1t, but on l)' to the ex 1e11 1 th11 1 ihe mai111 c11a nce or :eplnce 1m:n1 or such lnr.:l us1o r, scn•,ce ~)St ern , co:-n pone n t or li xnu e 15 not the rcs:>U 11s1 t111 ty ol the Associr1tio11 , 1f uny, le ss an y 111.,u1u111.:c 111 r.:c cctl s rc ..:ci,•cU by Bu yc1 cuvc:1111~ ~uch ,l t',111 u 1 •r-phu-c111c:11t . Sc:l h:1 uni.I Duyc1 me ,1w11 1c o r the C\l)l tc 11c c of p1 e-ownetl 11 011 1c w11 11 ll.111 y p1og111.1";1 s 1h11 1 may be pu rclu.!.cd ;incl ma y co,er 1he 1e1Mu o: rcplat.en1cnt '-"I sud1 Inc lusi ons. 19.3. Condc rn na ll on. tn the eve nt Seller rc:cewc s actutl no 1ic c pnor to Clos int thni 3 pc ndm g condcnrn :uicn :.c ti on mo)' re su lt 1n a Ill.ki ng o f ;1 II or pa rt of the ?ropc::ty or Inclusions, Se.le r sha ll prompll) no tify Du yer, in writ.us, of sud1 coni.l emm11 cn ac tio n . B uyer shall n3vc th e Righ i 10 Terminn 1e under § 25 .1, (I n or befort Clos ln ~ lhtC' (§ '.'<), h:\scd o:, su ch c-o nd:mn;u1on act1n n, in Duyt•r's <n l~ s11hjr-c 1ivc rl 1<c1c1 in n Shnl!lct ·nu)•er c!::ct Ir cn nsumm ntr. thi s C:om mct rl e,;p i1c such di minutio n of va lue 10 1~e Prope rt y an d Inclusions, Du yer sh!l ll be entitled 16 u credi t nt Closing fo r u!I co nde mna11or. pro ccCd s awar de d to Sell er for th e C.i minuti on in the va lue o f the Properl y or lnclus ibr~ but such crc d1 1 st·nll not ir.c lude relocu 11011 bc ne!i ts or expmses , or ~x cccd the • Pur ch:i.s c Pncc. 19.4 . Wnlk•Th ro ugh ond Vtrlncullon or C ondlllon . Bu)'cr, upon re ;uonab le notic e, shall hav e lhc ri ght to wa lk through the P1 opcr1y prio r 10 Closi ng to ,•cr :r)' that Lhe ;:,hys ical co ndi tion of th'! Prorcny and Inclusion s C'o mp l1cs with 1h1s Co nt 111cL '2 0. ll ECO MM E1°'D AT IO~ O F LEGA L AND TA X CO UNSE L. Dy signing th is do:umc111 , Buyer and St'll cr :tckno wlcdgc that the rc s pe c1ivc brok:r hns ndvised :h at ln1s docum ent has imp or tar,t legal consequences nnd hns reco mm ende d the cxam1nlt1on of l\lle and consultation wllh lega l and tu:< or other cour.sel bc lore s:gmn g ll us <.:ou 1rnc t. ll. TIMt: U F ESS El\'C~:, UEIIAULT Al\'lJ H.t:I\Ui:Ult.S. Tun e 15 of the cssc;1cc hereo f. If uny note or check r:ctl'-'Cd as Earne st Mone)' hereunder or nny oth er pnymc nl clu e he reu ndc , 1s not paul , hono red or tende red wh en dur:, or if any o bltg11tion t:crcundcr is 11 01 pcr!O rmcd or woi\Pecl as hc1cin provided, th ere shnll be 1he foll owmg ,emed ic:.: 21.1. If Duy r r h In Default : r7l 21. I.I . S 11 cdfic Pc rro1111 11 1nc. Scllc 1 11111y ciccl •u 11 Cdt 1h1 !i Cuutn'-t ii) c..11m.ci cJ, 111 wh 1d1 '-d)C ult EJ111cs 1 Mo11cy {wt'icthe1 01 not paic! by Ou ycr) s hall be poi d to Selle, 1111d 1c1aincd JY Selle r, nnd Sel ler m11y reco ver such li nm allc~ (I) 011,y be p10pcr, ur Se lle r may t.lcc t to lrco.t thu Co~!ra:t· os being Ill full fo rrc on d effect ond Sel le , shnll hove the ngr11 10 .tpcc,f c pe rfo rma nce or damoi;es, or bo th . 21.1.2 . Ll q ul da tt d Dnm 11gc~, A_pp li cnblc. T his§ 21.1.2 .1h 11 II 11 pp ly !!,n len lht' h o!_Jn..§_]J_~L..LJ~ All Earne st Muncy (whclh~r 01 no t p11 id hy R11y e1) ,;hall he pnid IC'I Sell er, 11nd 1t·lmu·cl l·y ~tll f'r nnth pA 1t1c,; <:t-a ll 1lmrn f1tr hr rc lc:i ~crl fr om 11 11 ohl1g.,1 ,ons he reunde r It ,s ac rccd lhat the Earnc;: Mo ne)' spe cified. in § 4.1 is LIQ UIDATED D \MAG ES, ancl 1101 a 1K!1111 ll y, wh ic h arnou n: tl;e panics ar,,cc i~ fai r and 1c1J.son lble and (e:i.cc;:il lS provided in H 10 -1 , 22 . 2J :incl 24), sa id payment ,f Eamr:st Money sh I be SELLER'S SO LE ANO ONLY REMEDY for Buve ~·s failuic to p::rform the obl •J!o1 :1ons or 1his Conlfact. Sel ler c~p,css!y \. lives the rer?lc dir:s of specific pc 1forn :;111c e :oind .idd i1 1on.1 I damafi CS 2 1.:. 1r Sell er i5 in Dcfoi.lt: Buyer ma y c!:cl to ueat th is C\l:i \Jact as ca nceled, in ....,,hi c:l case oil Eames t Money r:cci"cd hc1c urde: s hall be relumcd und buyer ma )' rec over s uch dn mn~e s o.s ma)' be propc 1, or Buyer may clcc1 to tr i=at tl us Con tra.;t as be ing m rull force ond effe ct and Du yer shall h.an the r1ght 1c s pecifi c per fo~nan c: or damage s , or bot h CDSJ-10-11 . CO,"TIV.CTTO HUY ANll 5 ELL HtAL ES T/\TE (COMM~UC I AL) • ;06 _q7 6118 609 6 10 611 012 6 1) 614 bl l 616 61 7 618 6 19 blO 62 1 012 623 62 ' 625 626 627 628 -~ 631 632 6.H 6],1 63l <,J G 6)7 638 639 612 64) : 2. LEGAL FEES, COST ANO £X11~:l\l.i l~S. AMl/thm y 10 the co n1rn r,-hc1 c111 1101wn hst.1111J mg, m tht· ev ent o·· nn)' nr b11ra1 m, o li11ga11o n rcla\111 ~ tu tl1i) Co1 11 111ct, p nm to n1 a:'tcr Clo ~'"l! Da tt' c, J), the 01b 1trn tor or cou,1 iholl owor d to th e f1 1C\'O t hnu pa n ; nll .-::11so 11 :1ble cos1s nnd exp •m~c s. 111cludme :utomc y ftci , legal fees nnd c,.:,cnses 23 . M ED IAT IO N. If <1 dispu te ari ses rel a1i ng to thi · Cun1111c1, prio1 to or a fi er Clos 11 y, 11ml :s not n::so lved, the 11111 11cs >h ,111 lir!I prncc ed 10 goo d fo i:h to subrmt th e matter to 111 cd m11on. Medm1 io n is a prlJ\.c ss ii' which 1hc par1 1es mce1 "'llh an rmp ar1ial pcr ~on who help ~ 10 rci;ol 11c th , dis pute infomrn lly nnd co nriden uu ll · . Mcd ultors :nnn u1 :mposc bmd m& decisio ns. T~c 111Jr l1cs to !he di spule mus1 agree , in writin g, b"!io re cny se tth:11•en t is bmdmg. The parties will Jl,.r11ly nppoi nt 11 11 acc cpt1'ble r1:d u1t:..1 amt w 1: :;hare equall y in th e cost uf !>u.:h rnc:d i n1 io n. Th e mtd111t io n, un lr"SS n1 hcrw 15 · agrcrrl, :h11P lrt ,11 1:i nte m 1hc even t thC' e n1 ire dis p ute is not 1cso lvcd with in th1r1 y days of che dale wrmcn 11 0:1cc 1equcs1mg mcditi tio n is del ivered by o ne pa11 tc, •he ot t "!t Gl the pa rt y's IPS I known 1u .. h.!1c:,.s Thi !, .s ec 1io11 :t i all 1101 t1 ]1:1 a ny dlllc in this Cont ra ct, unles:i 01he rv.•Vic .:ar,rcc d 24 . EA KNES I l\llJ NEY UJ S J•UTI:: E.t~e pt JS Ol.1e rv.'1Sc prtJv 1ded hc rcm, Ea rn es t Money Holder shul. n.:lcu~e Ilic l:.11 nc~1 . 1oney as dire .. tcd Dy wrill en mutual ir.:.tr 1cuons, sicr.ed b:,, bo th B u~e r a nd Sell er. In the eve n! of ony ca. 11o ve ny rega rding the Enmc s1 Mon ey (11 01w11hstn11d .n r. a n)' lcrm ina uon of th ts Co:u rnct), Enm e~t Mo ney Holder shall 'l<J I be rcquir:-c! tn tnkc a nr arno11. Ea rnc s1 Mo ne y llol dc r, nt 1ts op110 11 nnd sole subJe cti vc d,sc rrn or , may (I) nwa it an y proceedi ng, (2) 111 terp le.J d all partics;,·•d dCpO'i ll Eame sl Mone y im c 3 eoun or compctc11 t j uri sd1 e11 0·, nnd shmll rcCO\'t:r court costs and rt ,so nable all omc y a nd l:gal fees , or P) pro\P 1d,: no tice 10 Bu )"'r nn d Srlle: 1hnr 11nlr s~ Fn mt>~t Mnncy llnldc,· rece ives a co p y o f th e Summ o ns und Con-plaml or ·:limn (betwee n Bu yr1 ,me Sell er) co ntai 111 ng !h e c2~e number or 1hr laws uit (ln\\! mt) with in one hu 11d1td tw e nt)' ~·11ys I): E11rrics 1 Money llolcc,'!> notn:c lo I.he ptu lit.ll , Eames! Mo ney Holder shnll be aut ho n .'.to IO return the Eamtst t.f onc=y to Ruy~,. In th e e \c:n t E111 nc.it r-.1oncy Holder doc.~ recei ve a co p y of 1tc La •,1,•sui t, nnd hns not 111 1erplcd th e mo rnc s nt the tune of an y Orde1, Earnest Mency 'lol d:, shall d 1sb'J~C :he EomcM ·um:y pu 1:,uur 11 lo the OH.le, uf lhc C1.>..11! Til e pa re re,\ 1c:,1ffi r11 . t.hc .ib li K.11,c.n of Mcd l1 1iou (§ 23 > T p1ov1siuru of th l'-§ 24 ap ply o:1ly tfthc Enmcs t Money Holder 1s one o f th r R1 okcr.:ge Fums 111&,net.l 1r. ~ J'.1 01 § )4 25 . TERi\·11 ~ATION. 2S .I. Rli,:hr 10 Tl•rn1 ino h•. If n p~n fhas 'n ngh1 to tc nninRt c, l!S provided in tl11 s ~nlrn ct (Righ t tn T e rm inal :,. 1hc terr n1nn1 inn 1,hnll he effective upon 1h c other parly~s· rec eipt of II wnucn n:i ti cc to ti:n mn!\lc (Not 1c: to Tc r111m ntel . pro \•1d,:l s uch wn ucn no11ce \\JS rece ive d o n or be fore thC1'nµp lic.11 l:>lc d:ad lhc specifie d in llns Conu a.~t If 1he J\'01ice to Ten , nate 1:., 1101 rcc:c .vcd on or be for e the :;p cc 1fied d r:a dlin~· .. 1hC Pa rc y with th e R1s h1 to Tcrmir,.:He s h:i ll h:a\'e :u·c,-;Jled the spr("tiit'tl mn1tc1, doci..me nt or co ndi11 on ns snti sfoc 1ory und wni\;c'd the R1ch t to Tern,inatc un cle , such p1 ov :s10 11 15.l. Eff1.•c1 u r T ..:rml11u tlu 11 . \11 1IH:'c11cn 1 thb Co11 11 u \·1 1:t 1c1111 inn tcd, a ll l;arncs, t,ionc y r1:cc:"·cd h crcunc:c r s h11ll be mumcd and the pn r11es shall be rc lie vc.:1 or .!!II o_bhgut i:>ns hereu nde r, subj ect 10 §§ 10.4, 22, 23 and 24 26 . EN TIRE AGREEMENT, MOO IFI C 1\TION 1 SU HVJVAL. Thi s Con tru ct, 11s e »hibi:s nnd s prci fi cd acl dcndo, corsln u:c the cnc irc agrccme nt between the par11es reli!iiilg 10 the: subjc c1 here of, an d an )' p1io1 ag1ctmcn1s r erlnming 1h:rc 10. whe1 her oral o: wril tt"n, h:l\'e hec n 11crue rt Rm! in ttgrnt:d in to this Co n1ra ct. No subsequent mod1 fic .Jt :o n of il n" o f 1he term s o f th•~ Co n1rn c1 shal l be valid , ':u nding upo n lhc parti es, or c nfo rcc·:1b h, unle ss made in wr,1,n~ .i ml sig ned by th e p:irt ies . An)' obh ga t,on 111 th,s Con t rn :1 tha l, by HS tenn s. 1:i intend ed to be po rfor mcd ufter tcrm in:111011 01 Clos in c sha ll surviv e the sa m•: 21 . NO TICl-:1 UCLIVEll.V, Af"D C HO I E. OF LAW. 17 .J. l'h ysirn l Deliver y . .'\II noti c~; muSt be in wri tm g, exce pt 1\5 j)fO 'I U!l:d in § 27.2 . Any doc umc .,t , mcl odmg o ::.1g 11t'.d doc umen t or 1101icc, fro1:1 01 on be hal f of Sell er. 11n d dc ltvcrcd 10 Du )'tr shall be c ,,ect1vc w'•en ph ys 1c u ty recei ved by Bil)''!!, Uli)' , .. gna rn r,· o n behal f of Bu)·er. an y nam ed inJi,1du11I of 13u)tr, n: )' rcp 1csent.1 1ivc of Du ye r, 01 Dro ke rngc Fmn of U,o t ::r wo rk rnp wuh Bu yer (ex cep t fm deli v:ry , J fl.tr Closmg, of lht no uce req ues ting mediat ion desc ribed i~ § 23) il nd t Accpt .is pro Hded n § 17 ,2. Any doc umcnl, inc h.:t.l ing a signed <jnr mnr ll' or nnl\rt", fr nm nr nn he ha lf nf Ou ye r, a nd de livered 1c, Sell er sh.,11 be cfTec1ivc when ph ys icall y receivcU by Se ll er, fi ll) signatO I) on behal f of Sz ll cr, un )' named 1nrl 1v1d ua l of Se ll:!r, a ny rep ,cscntn tiv e of Se ll er, or Oro kerng e ri rm of Orokcr work int w1U1 .5c llc1 (eKcc pt fo r deli very, 11flc1 Closinr, of 1he n:,1icc rc qu es ling m~ch:iuo u desc ri bed in § 2)) r.:n d exce pt os pro vide:(! i,; § 27 2 .. <-47 wr iuc n notice mllj' be dt:l 1ve red in elcctrnn ic fo rm on ly by 1he fo ll i>w me 1nd1c atcd meth ods· Facslmifr n f:111 uil l7.!. Elcc1ronic 01.'ll\'Cr)'. As ·in jh~.rn. il t1ve to phys 1cul de li very , o:l y d::>Lu me11 1, im .. lud111~nuy :,1g11c d di:,c uo-ent or 648 Q ntcrnct [Z)~o Elrc rronlr Deli ve r y. r(1ht· bo K "No Elc ctrnnir De hvcry" 1s chec ked, this 9 :.1.2 s all no t be applicable and M9 ~ 21 . l shall g overn no tice a11 d de li very Doc um ~nls with ori gin al s ignatur es shall be prov id ed upo n rc q uc sl of a ny po n y 650 27.J. Cho ice of L11w . Tlus C ummc_t und nll ••.spu tcs ai ,smg hereu nd er sha ll be ~ovc mcd by a nd cons 1ru ed 111 att{lrdll ncc 65 1 652 653 • s, ll wllh th, laws of the S1J!t of Col o1:ulo :ha\ ~ .. o~ld be app li cable 10 Colorado res 1ri t'11 I~ whn i.1cn a couttac t m Colo1adn ro r JHOperty locat ed in Co lorn do 28. NOT ICE Or ACC [l'TA NCE , COUKTE llP ARTS. This propose! shu!I exp ire unlcsi ncce ptcd in wri11ng, b) Ou~er nnd Se ll er , as cv idi .c ed by their sig nat ures bclo\11, :ind lh c ol!er111g pany 1ece1v es not•ce of suc h acceptance p:..i rsu .:r,1 10 Sr; o n o)r befo re Accrpla nrt· tJ eadl inc Da te(§ j) nnd Arctptnncc ll e ndl ine T ime (§ 3). lf acccp l:d, 1!11s doc umrnl shall be come a co nlr nl t CDS)·I 0-11 . cor-:·rrtA CT l'O n u ,· ,\:,,'I) SEI .L m :,\I. P.STA TE tCO MME ll C IAI.) 656 651 bld 059 660 601 662 66) 664 ""' ti h6 667 M,11 669 6 7•J 671 bc 1wc:cn Scl.e, und Buyer A co py o f 1h1~ Ll ocu rncm m;i y h-exc ..:ut ed by eac h parr y, sep nrat cly, an d wne 1 C:!C h pari y has cxwJlc::I a cop y therc ot, li UCh co p1e~ tn ke n togc 1hct sh11ll be deeme d 10 be :i fu ll on d comp lete co ntrac t be tween th r ;111 rt1 cs . 29. GOOD rAITH . Buyer und Selle r acknowh:dge that ea ch party has a n ob ll f!alm" lo nci in ,.;ood fa ith , ir.,:\udms Out no1 limited to, exe1c1,;int the right ~ and obllga1ions set fo n h 111 the pr o,·1s ion< ::f Flu suclng Co nUlti ons ontJ Ob li p1t io1 u H 51, Rct:unl TIile u m.I o rr-Rl·co 1tl TIiie Mli th:n (§ 8), C uncut S uf\t'J Ht•\h,:11 (§ 9) u1lll t•,uvcny Ohclu~urc l11 ~µcc1 iu11, I nd e mnity, lmu r1:1h!lit)' 1111d Ou c Diligrnc r (i 10) ADDIT IONAL Pl<.OV IS fO~S A~O ATTAC ll i\tENTS JO. AIJDJTIONAL 11R OVIS IONS . (T ht: fo llowing nd di tiu rrn l pions1o ns h~vc: not b;cr oµprn vrd by lht: Co\orn dJ lku b lute Lo mmt~s ,on.) The pro~~rt y w ill be so ld ·as is, whe re isM. Se ller pro•,ide s no warranlie~. gun ·antoes o f tit le or otherwise . ex press or impli ed, incl!:d ing fitness fo r purpose of use . S ei ler will n ot provide title msu rance , hut Buyer ma y Jurchase sa me See Addendum to Contracl and Exhibit A aHached hereto and in corporated harem by th s reference J I . ,,·rrAC ll !\!ENTS. T hr fo ll o w111 g11rc11 pa1Lo ltl11 :.Cc11 1!Jct Addendum t o Contr act and EJCh1b 11 A . 672 r-.·ut l!: T~e fo ll ('W11l!J 1\i!iclt,.;urt fu1111 <; nr .. o u nr hcd hut u,c 1101 I! pnr t of this Ccntmct: 6'11 NOi e . 67J 675 (,7fi S IC:NHIJl!F.S J Bu yer's Nn m c · PiUor ProQ0rt Services'. 'LLC Ou ye , 's Si~nu 1u re Dute J\ddrm : 2•80 W. 26th /\vc. #14 0B Denve r, Co lo r~do 8021 1 Ph one No .: ~(3~0~3~)-'-4~77~-~5~11~7 ______ _ Fax No., -=(3~0~3",)-'-4~77~-.,.4,'.,16c'7-cc--c,----- Elcctron 1c AdJ~css: PMa 1inow~ki@)pill:J r .biz Duyc1 ·s S1g11 Jl UlC Add res:.: Pho ne Ko . F:ix No .: Elc~·trm11c .'\ddtc ~:.: 677 INO'n :: If t h is offer h bcl n i: co un tcn~d 11r I ej ec lcd , do not s i~n this doc um ent Ht'fc r IO§ 32 1 Sel le,·~ r 1,111.c . C it of Eng lew ood . Colora ::io Scllt:"1 's S11 ,nalUI C A dJrc:-s. 1000 Englewood Pa rkwO)' En9lowood, CO 001 10 l 'll v:ie Nu .. 303-76?_,-2"'3-'-14~------- Addri .. ss. l'liun c No . I ii.\ No. Da 1e f:\c,.1 1uni ,.; AJJ rcss . ____________ r:1ec1ron ic Ad d1ess . ___________ _ 671 679 68U J2. COUf\TER; nE.JECTl('"I, Th is orre, IS O cou111 cred nllrjrrlctl l nit inh only o f pa rt y (Buyer or Se ll er) t\ ho coun l crcd or rtJcc~offtr ___ _ EN I> OF CONTRA CT ·ro BU\' AN ll SEL L IU;AL ES TA TE ("IIS '-ICl-1 1. f 'O"-TllAC r ro IIL'l' ,\i','() SELL REA L t;,;"1'.\l I: {C OMM F:HCIAL ) • • • • • JJ. UHO !;El('S AC K NO WL.EOC ME TS A ~IJ COMPENSATION OI SC LOSU RE. (To ,c comrlc:cd by 0 1okcr wo rk.m g •.i 11h Duyer ) Bro ).cr D Doc , 0 Doc, No t taclm owled ge ,crc,pt of Enmest Mo ne y 1h·r1..,su 11ml , whilt' ht'I n pntty 1n 1h~ r ,),11 ar:1, 11g11•e~ 10 coo r c111 1c up on re quest w,rh nn y 111cd1i11 1on Cfl:-:::!,nid unde1 § 23 Broke r og :ees lhnt ,r 01ok cra ge Fmn 1s the Earrcst Mo11 c;1 ~lo\dc1 am.I, c>.t:Cpl as p1 ov1dcd in § 24 ,i th e En m cs1 M on e y he.s 1101 t.lrc11.dy bc:c 1 ,ctumcd foll o w ins rccc1 p1 of II Notice to Tcrm ,mm or olh er wn ucn no1 1cc of1 cr,mn.11 iur , Eo mrn Mon ey l-l olc!cr sha ll rc:leas1: lhe Ear nest Mo ney as d1 rcc 1cd by the w1 111c:1 mutual 1ns1 ru r 11 on s. S uch rele ase of fnmc s1 Money >h all be ma de w11hi n fh e duys o f Earncs 1 Monry Holdt:r'!i re cc 1pl of th : CA t tu ted ""'nttcn 11\Jlllal ms1n1 ct1 ons, prwide c', the tamest Money check h11 s clcn rc C. l:hokcr 2g 1ecs tha t 1f Eamest Money Hold c:1 is olhcr trui n th e Bro kcruKe Firm 1dentitr,:! "' ~ J 01 § 34, Closi ug lns ln1C1 1011 s sign ed by Ouye ,, Sel le r, an d E.nr r.csl Mo111:y Hol dc! r:ust be ob1 amed o n 0 1 befor e d:h\•e·y ol Enmtst Mon ey to Ea me s1 Mon ey I loldcr Bro\e r 1s worki ng 1o,•1th Du yer t1 S a Dnuy,•r's .\,;c1110scllc1's Acc n1 0 -rranrnrli on -Uruke r m l h s trnns[l tllon O rh1s !Sa hn nl;r o l S1n1u s. D1 otc1ag e F1nTI 's co m pcnsnti on or co m1m ss 10•1 1s 10 be p;nd h>·O List in g Orn kr rn,;c F i r m □ Bu) e r O 01hcr ____ _ Ad dress: P:i onc No : Fax No.: Electr cm1c Addre ss 34. UR OKt::ll 'S AC l<NO WLED G MEN Tf ANll CO MP ENS AT ION IJ ISCI.OSUHE . (To be comp leted by Brok e r wo rking ";t h S'c11 e·r) Do te Broi;cr O Do cli D Oocli No t ncknow led°C~· 1c"ip1 of Earnes t t,.foney ccpos11 and, whi le ri ot a pan y to 1hc Con tract , ng:ces 10 coopera te: upo:, reques t wit h rmy med .nti on co ncl uded under § 23 . Bro ker agree s tha! tf Bro kerage F•rm 1i lhe Ea mes l Mo ney Jl olrle r anrl . c-c ce p1 ac:: rrnvul crl 111 § i 4. 1( !he F.nrm~, Mon ey ha.~ 001 nl re.idy bee n re turned foll o w1111,: re cc 1r 1 of 1 Notic e to Tcrrnrna te or othc, wri tt en not ice of tcm,inat 1on, Ea rnest Mon ey Ho!c.l er shall relea se the Ea rnes t Money ns du ected by 1h e 11,•r1 11en mut unl ir stni cl io ns. S u ch rc ien:;c of E.ime~l f'.foney s h:1 11 be mridc wi th in fi ve day s of Ea mei:1 ~ti ne )' H olde r',; receipt of 1111: e;,;eluted writt~n mutuul ins tru ctions, pro\'ide d the Ea111cs t Mone y check hns cle ared. Broker agree s th a: i f Eam e~I Mency :-!older is other than the Urokcrn gc Fmn 1dent1fie d 111 § 33 01 § 34 , C!usi ng lns1 ru c1ions ~ig 11cd by Ouye ,, Sell e,. aml E.1 111e~I Moue) Holder must be o btained o n or be fo re de hv c~ oi Enmcs t Money 10 Ea 1 c::: Mone y Holder. Uro ker 1s wor kmg w11 h Se ll er as aO Se ll er 's Age nt O uuycr 's Acc111 0Trun~:i ct io n-Brokcr in this 1r;ms ac:1on . Qrh1s b II C h11n ~c ul ,:i l:1 tm Urokcr:1g : f'1rm'i. c:o m pen~at ·on orco:mni rnon 1s to b~ p:ud by O s r lln 01tu)'r1 On1hl'r _ 01 okc1agc r ,rm 's Nn mc. !jj~ 13rokcr's Na ruc : Add1 es.,. Phone No. Fax o: Elect ro nic Addres s: B,okcr 's Sii;m11u re __ _ D:u c AttJch mcn t A LEGAL DE CRIP T ION FOR 309S Su u1h Ga lap ago St. Eng lewood , Co lomd o I n1s I S and IO ; the vaca1cd po rti on ol th e eas t-wes 1 alley de scr ibe d in Ord . #29 Se ries o f 1996 of the City o f E11 glc"ood; Lu is 20 lh roug h 24, c,cc pt th e tr iangul ar-sh, ~cd parc e l co nveyed 10 th e Co lorad o Dc penmc nt of Tran spnnation , re co rded in 13 ook 769 1 Pa ge 270 of Arapa hoe co unt y Record s. The above de scribed parce l co ntai ns 2 1,338 sq 111 re fe el , nr 0.4 90 .Acres, more or less . • • • • • • A-rfAC HMENTB TO CONTRA CT TO B UY AND SELL REAL ESTAT E FOR }MS SO lffH GA LAPAGO STREET, ENG LEWOO D, 0 801 10 11,c fo llowmg provi sions arc to be inserted unde r Paragraph 3 1 of the Con trac t: Allac hme nt B 1. TI1c pro pcn y will be so ld "ASIS, WH ERE IS." All warran ti es, ex pressed or impl ied. inc lu ding fi tnes s ior purpose of use arc he reb y wa i ved by bu ye r. 2. The City will impo se a deed rest ri c1i on 0 11 the property that wil l rcq uirf the bu yer 10 maintai n the hi st ori c.1 1 s1ruc 1urc for a minimu m period of 30 year s from the da le of purchase . 3. Th e hu ycr wi ll rehahili 1a1c the hi s1oric clcmc nl s of th e s1ru c1urc :1ccorcting 10 th e Sc crclary of th e Interi or's Standard s fo r Rc h:1bilitation. 4. The Buyer will provide the Cuy with the Rig.ht of First Rcfu snl, in th e event that the Bu yer sub seque nt ly sell s th e propert y wilhin 5 yCR rs fr om 1hc date of the purchase. 5. ·1 he C 11y w ill not furni sh I 11 k lnsuran ~c . lrn 11 ,1lcd b, Bu yer ln11 1aled by Selle r ADDENDUM TO CONTRA CT TO BUY ANO SELL REAL ESTATE 8) aud Betwee n THE CITY UF ENL;u;wuou, a Co lora do Municipal Corporati on ("Se ll er") A nd Pll.LAR PROPERTY SE RV ICES, LLC, a Co lorado li mit ed li abili t)' com pany ("Bu e~") THIS ADDENDUM TO CONTRA CT TO B UY ANO SELL REALE TAT E (th e "Add endum ") is en tered in to simult aneous ly with and is pan of th at cert ain Co nt :-act to Ou y nnd Se ll Rea l Es tat e dated Ma rc h 19, 20 12 (th e "Form Co nt ra ct") be twe en Seller an d Bu yer (thi s Addendum an d the foregoi ng Fann Co ntra ct, collectiv ely the "Con tract "). 111 th e cvt:nl of any conOi ct or inc onsist~ncy be tw een th e provisions of th e Form Co ntract an d the prov ision s of this Add endu m, the provis io ns o f thi s Ad de ndum sha ll gove rn and co ntrol. Capit ali zed term s used ,n thi s Ad dendum whi ch arc not de fi ned herein shall ha ve the mean in gs ascr ib ed to such te:-ms .n th ~ Fo 1111 Contract. 30.1 Use Restrictions . Th e parties acknow ledge and agr ee th at Se ll er is wi llin g 10 conv ey the Property 10 Buye r, and Bu yer is wil lin g to acce pt th e Prop ert y, with the express unde rstand in g and requ irement that (a) at all times 1he Pro pen y sha ll be use d s ubj ec t 10 th e • "Coven an .s" (as such 1em1s are defi ne d and des cri bed in the fo rm of quit cla im dee d (the • "Deed "); (b) th e Deed ev idencing th e co nveya nce of the Pro pert y by Selle r to Hu ye r, and an y sub sequen t de eds of cu,iveya nee o f th e Prope rt y (co ll ecti ve ly, "Subsequent Deed s'"), shall in c lurl e and he suhj ec t 10 the Covenan ts ; (c) al l S11h se q11 en1 n eed s shall in clud e an ex press reference to the Cove nants and th e reco rdi ng in format ion fo r the Deed , and shall contn in an ai..;k.J 1u w lc:Ll ge me11 l by tbc tra1 1::,fc rcc u flb c Pro perl y uf, am.I such ln.ms frrt c 's agn.:crncnt tu remain bound by, th e tenns and co nd 1t1ons of th e Covena nt s; and (d) any sale , conv eya nce, gi fi or tran sfer of th e Prop erty in any mann er in vio lati on o f the afore said re strict io ns sha ll be vo id ab ini1 io . 30.2 Inspect ion s . Prior to perfo rmi ng any in sp ec tio ns, tes ts , surv eys, cngin :;cri ng rep ort s, studi es , designs , or an y othe r work 0 11 the Property pursuan t 10 cc 11o n IO o f the 1'01111 Contrac t (co ll ect ively , the "lnspcctions"), (a) Bu ye r shall prov ide at leas t one (I ) da y's pr io r wrinc n no ti ce thereo f 10 Se ll er ; (b) Se ll er ancl/or it s agen t may be pre se nt for all such In spec ti ons; ,nd (c) Buyer shal l sec ure and keep in ful l fo rce . nd effect 1h.ro11g hou1 the term o f thi s Con tr ,cl, the fo ll owi ng in sura nc e covera ge, at Ouy cr's so le cos t and c x pe 11sc (1) co mm erc ial general li ab ili ty in suran ce , in cl uding contrac tua l li a btli ty (to spec ifi ca lly in c lu cc co vera ge fo r Buyer's inde mn ificati on oblignrio ns under tlus Co ntra ct), w11h such coverage and such limits a., may he reas onab ly reques ted hy Se ll er; (ii) work er '., co mpen satio n in sura nrc-for th e emp loyees of Buye r an d Buyer 's age nt s and co nt rac tors in acco rda nce wit h appli ca ble stat e la w; anti (iii) stu.:h ulh t:r im,u r•rn ~c l.'.U'-'t;nt g:: an d li111 ib as rm1y rc a!)Ulli.t bly bc rcqu t::,lt:d by Sc!kr ; p rovided, however, that limits of liabi lity can be provided in a co mb1na1 1on of comprc hens1vc genera l li abi lity and umbre ll a liabili ty poli cie s. Bu ye r shall a lso cause all of its age nt s and • co ntrac tors to secure and kee p in ful l for ce and effec t durin g th e period in whi ch th ey have • access to 1:,c Property in surance coverage o f customary types and lim it s. • • As part o f th e Inspec t;ons, Bu ye r, in 1ts di sc retion and at its own expe nse, may pro cur e a mark et study, a nois e stud y and a sc hemati c desig n for th e development o f th e Propert y an d ma )• undertake add iti ona l pre-develop ment acti viti es (i ncludi ng, wi th o ut limitatio n, th e procurement of geotec hni ea l studie s and arc h itec tu ra l plan s), and al l such ac ti viti es s~a ll be dee me d ,;Ln spe ctiu ns" here un de r. All produ cL, and matcna ls re s ulti ng from such lm pcct io ns (co ll ect iv ely, th ,: "Ma terial s"), shall be th e propert y of Buyer; provided, ho wever, tha t if Bu ye r te 1mi nat e1 th is Co ntr ac t {oth er than a, a res ult nf a Se ile r defau lt here11nrl er), 11p nn Seller's so le o ptio n and it , reimbu rse ment to Bu ye r of th e o ut -of-pocke t co sts in curr ed by Buyer for proc urem e:H of the Matenal s, Bu yer shall de liver all of the Ma teria ls to Se ll er and , to the ex ten t assignabl e, Buyer sha ll prom ptl y ass ign to Selle r all o f Bu ye r 's right , titl e and inter es t in and to s uch Ma teria ls. 30 .3 Condition o r Pr ope rty. EXCE PT AS EXPRESSLY SET FORTH HER E IN AND IN SELLER'S CLOS l NG DELIVERI ES , SE LLER HAS NOT MAHE Al\Y REPRESENTATION , WARRA NT\', STATEMENT OR PROMISE TO BUYER CONCERNLNG THE PROPERTY, HI E HABITABILITY, QUALITY, VA L UE, PH YS ICAL ASPECTS OR COND ITI ON THEREOF, ANY DIMENSIONS OR SPECIFICA TIO NS OF TIIE PROPERTY , H IE FE ASIBILITY, DESIRABILITY, CONVE RTJ.Bnal TY OF THE PROPE RTY FO R OR fNTO ANY PARTICULAR USE . OR ANY OTH ER MATTE R WITH RESPE CT TO THE PROPERTY, AND THAT IN ENTERfNG INTO THI S C ONTRA CT, £XCE PT AS £Xl'R ESSLY SE T FORTI:! HEREIN ,\ND IN S£LLER'S CLOSlNG DELIV E RIE S, BUYER IS R ELY IN G SOLELY ON ITS OWN INVEST IGATrOl'i A:'\'D RAS NOT RELTED UPON ANY REPRESENTATIO N, STATEM.ENT OR WARRANTY OF SELLER Ai'iD IS THEREBY ACCEfYl'I NG TUE CONVEYANCE OF THE PROPE RTY fN ITS "AS I S" "WITH ALL FAULTS" COND IT IO N. HIE PROVIS IONS OF TRIS SECTIO N 30.3 S HALL SU RVI VE C LOSING. 3 0.4 C losing Deliv erie s. In additi on to other doc um ent s and item s rcq11i1 cd to be deli vered at Clos in g pursuan t to th e tenns of thi s Co ntract , th e pan ics acknowl edge an d ag ree th at the y sball exec ut e and deliver a1 Closing or as ot herwise provi ded be low th e fo llowing do c uments and it ems: (a) Sell er Deli ver ies : At Closin g, Se ll er sha ll de li ve r (1) th e Dee d ; (i i) a du ly exe cute d customary "non-fore ign " cc rt 1f1cat e, as requir ed b) Sec tion 144 5 o r the Int ern al Revenue Co de, in sub sta nti all y the form atta ched heret o and in co rporat ed he rein as Exhibit B; and (iii ) such dul y exec uted doc um ent s as ma y be reasona bly reque sted by a ti tle co mpan y selected by Se ll er (tl1 e "T itl e C omp uny") and /or any oth er pany in co nnec tio n with th e Tra nsac tion (de fi ne d below) (all of th e fo rego ing, collec tiv ely, "Sell er 's C \osi11 g Deliv erie s"). (b) Buyer Deliveries : At Clos in g, Bu ye r shall (i) pay th e Purc hase Pri ce in the a111 o u11 t set furth 111 Scct1 011 4 .1 of th e Fu11 n Cu nt rnci , a111.I (i1) 1kli vcr such du ly exec ut ed 2 doc ument s as may be reaso nab ly req uested by th e Title Company and/o r any other part y in co nne cti on with th e Tran sacti on (a ll o f th e fo regoi ng, collecti vely, "Buve r's C lo sing Oeliveries "). 30.5 Assessme nts . Pa)1ncnl of nny spec ial imp roveme nt assess ments du e and pnynb le fo r the Property for any period pri or to Clos in g sha ll be pai d by Se ll er. .'\ny spe :ia l impro vem ent assess ments pa yable fo r the yea r of Closi ng shall be prorate d betw ee n B~ycr and Sell er as o f th e Closing Date in the sa me ma nn er as general prop ert y taxes are tn he prorn 1erl und er Sec ti on 16 .1 of th e Fom1 Con trJ ct. Pn)1nent of nny spec ial improvement assessment s du e fo r th e Pro p ert y fo r su bse qu ent yea rs ,hall be the respo ns ib ilit y of Bu ye r. TI 1c provi s ions uf th is Secti on 30 .5 shall surv ive Clos in g. 30.6 Notices. All noti ces req ui red or penn ined o be give n und er thi s Comrac t s hall he give n in th e mann er set fo rth in Secti on 3 1 of the Fonn Co mrn ct, addre ss ed us fo l low s or 10 such oth er add ress as the party en titl ed to rece ive s uch not ice ma y, from tim e 10 tim e here in a fl e:, des ignate by givin g writt en notice pursualll hereto : Bu ye r: 1'1llar Pro perty Serv ices, LLC 24 80 W. 26th Ave. I/J,10 8 Denve r, Co lo rad o 80 2 1 I An cn ti on: Paul Mah nowski, Memb er Ph one: (303) 477 -5 117 Fa x: (30 3) 477 -416 7 " Ema il: PMal in ows ki@ pilla r.biz • • • • • wit h a copy to : Seller: with a copy to: lfto Ti tle Co mpany : The Law Office of Mark Be rry I Wren Littl eto n, Colorad o 80 127 Att ention · Mark Berry Pho ne: (303) 932-2909 Fax : (303) 973-9 153 Ema il : BcrryM Pl @aol.com The Cit y of Englewood I 000 F.n glcwon cl Psrkwa y Englewood, Co lorado 80 110 Att ention : Mi ke Flahcny, Deputy City Ma nager Ph one : (303) 762-2314 Fax : Email: 111flahc11y@ cnglcw ou dgov .org Offic e of th e Ci ty Att orney An entinn : Nanc y Re irl , faq . Phone : 303-76 2-2320 Fax · 10 1. 7R:1 -li RQ2 Ema il : nre1d @c nglewood go v.org Atte nt ion: Ph one: ________ _ Fax : Email : 30 .7 Form 1099 . Th e pan ics agree that the Title Co mpan y is hereby des ignated as tbe cmity rcs pnnsih le for fi lin g a Form I OlJQ with th e lrn ern al Reve nu e Service pro m ptl y aft er Clos ing as required un der In terna l Re~e nu e Co de Reg. § 1.6045 4 or any oth er regul ation or repo rt ing requin:mcnt. :1 0.R llrokc r s. Fa h nf the pani cs represe nt s and warran ts to 1h r. nther tl ·at nutw11 hstand,ng an y provision co nt ained in th is Cont rn c t, neither pa11y has dea lt with , nego tiat ed lhrollgh or rom muni catr d w i:b an y broker in co nn ec ti on wit h the Tran sacti on, and each prtrt y sha ll ind cmn iry, defend and hold ' hann lcss the ot her pa n y fr om and aga in st any and all c laim s, loss, cos ts anJ expe nse s , in c luding rea so nable attorney s' fee s, res ultin g fr om auy c laim s that 111:1 y be ma de again st the ind emnified pa11 y by any broke r c lam1mg a comm ission or fe e by, throu gh or unde r tbc ind emnify ing part y o r otherwi se. The parties' obli gat ion s und er thi s Secti on 30 .9 shall survive Closi ng or term ination of thi s Comract . 30.9 Perso na l Liab ilit y . N twith standin g anything to th e cont rary prov id ed in th is Co ntra ct, it is speci fic all y un de rsto od and agreed , such agreement bein g a pr imar y co nsid erau on • for th e executi on of th is Comra_c t by the pan ics, that (a) the re shall be ab solutel y no perso nal liability on the pm of any sha re hold er, dire ~tor, offi cer, man ager, member or emplo yee of a11 y pa rt y hereto with res pe t to :U1y of the tcn11 s, cove 11 an ts a11d conditi ons of thi s Coni rac t, and (b) • each part y he reby wa iv es an y and al l c lai ms, demands and cau ses f action aga mst 1he sh are ho lders , dire ctors, offi ce rs, manage rs, membe rs or emp loyee s of th e ot her party he reto 1n the evenl of :my hr eac h by an y such party of any of the tem,s, cove nmts and condit ions of tl 11S Co11 trnct to be pcrfonn cd by such other par1y . ·11,e provis ions of this Section 30 .9 shali surv i,·e Clusi11g . 30 .1 0 Furth er Ass urances . Each of the parti es agre es, when ever and as often as rea so na bly requc s1cd so to d o bY. th e oth er part y or the Tit le Co mpa ny, to execute , ac kn ow led ge, and del iv er , or cal';c to be execu ted , ackn ow ledge d, or rleliv cred, any anrl all such further convey an ces: ass ignme nt s, con fim rn tio:lS. snli sfacti ons, relea ses, in stru ment s, or oth~r docume nts as may bt! rn::ct:!)~ar y, 1:xpc1.h cn1 ur pn.,,,e,, in orde r to com ple te any a:1d all co nve yances , tran s fer s, sale s an d ass ignment s here in provid ed and to do an y and all 01 her aCIS and to exec ute. ac knowledge and del iver any and all docu men ts as so req uested in ord er to carry out th e int ent nnd purpo se o f th is Co ntra ct. Th e prnvi ~ions of' thi s Sect ion '.l0 .10 shal l survive Clos in g. •·I ... !, ' · ·· · q • 1h '• t ·' ., 30 .11 Assig nm ent. Notwtt llsta hdin g an y pruv 1siu n \;u 11lai11 ct.1111 th b Cun tia c t, l11cludi1 :g wi th o ut li mi ta tion , Sect io n 2.2 ot' tile 'Fom1 Contrac t, llu ycr ma y not ass ign 1ts iict crc st in th is Co mra ct wi1 hou t Sc lkr 's pri or ,vriilcn·co nse m, such co11se nt no t lo be un;ea so nabl y with l:el J ; provided . lr owe11er, th at, wi th otit 'se ll t r.,.s pri or wii tt cn co nse nt , Bl1yei' may ;1 ssign tlr s Ci-uHr ac t ·o an entity which is an Affi lia te (de fin ed be low) of Buye r pro vided that (a) Bu yer gives Seller wri nen no tice of such assign ment ; (b) an y ::,ud 1 a!)::,igm:~ t..:x;ncs ·Jy w,su 1m:s the..: obli gdttu11::, iJ Od liab iliti es of Buye r under this Ccll\'fract fi'om and after th e date ofs(1 ch assignnicn i; and (c) Buyer • remain s li abl e for all ob li gati ons 'an d liab ilitie s of Bu ye r arising or'a cc ruing pri or to th e date of assignment (unle ss othe rwi se agiced to by th e ass ign ee and approv ed t-v Se ll er) For purpose, hereof, an e ntity sha ll be decni'cd ' t'o'be an "Affiliate " of Bu ye r if B'uyc r sha ll , directly or indirectly throu gh one or more in\crmedi aries, cont rol such entit y ·and ow,i .ii lca s1 fir1y µcrcc al (50 %) of the s1oc k, membc rs hip 1or parinershi p un;ts of such entit y. An y pu rported ass 1gnr.1 cn1 without Sel ler's required con~e nl ti(to an ent ity oth er th an an Affili ate s hal !'be null and vo id ab initio. ini 1ia l bv Se ll er . ·,:. tnllia l by l:luye r / Remainder of pu ge i111 elll io11al/y /;;jt b:a nk; sig11 a1t1re µi,g e(s) to fo ll ow/ • • SELLER : THE CITY OF ENGLEWOOD , a Co lorado Mun ic ipa l Co rp ora tio n By:------------ Name: ___________ _ Title: ___________ _ Ex hibit.· FIRPTA Affidav it BUYER: PILLAR PROPERTY SE RVI CES, LL C, a Colo rado limit ed liabilit y co mp any By ·------------ Name: Paul Ma linowski Tnle · Man ag in g Memb er FIRPTA AFF I DAV IT STATE OF _______ ~ )SS. COUNTY OF ______ _, NON-FORE IGN AFFIDAV IT Section 1445 of lhe [ntcmal Revenue Codo provi des that a transferee (buyer) o. n United S1a1es ,cal pro perty interest must w ithhold tux if the transferor (seller) is n foreign pc , son. !'or the pu:-pose of in fonn in g the uansfaree that w:tbhol ding oi I"-' is nu: req uired upun the dispos1Lion of a United States real propeny :nt er .st by n _______ (th e "Tragsfcmr''), the undersig ned here b y affin ns the followi ng: 1. The Trnnsforn r i~ nnt II foreign co rp orr.ti on, foreign pa rtn ership , for ei gn tru st , foreign es tate or foreign perso n, as those terms n.rc defined in the In1e mal Revenu e Code (the "£QJ\£') end the Income T flJ( Rogu latiou.s. 2, 11le offi ce ad drcs.9 o f the Tnm.sfcror 1s ____________ _ D t:IlVl:[, Culorc1du _____ _ 3 . The Umted Sta tes taxpa yer idcnlifi cat io n number of the Transforo r is: The T:ansferor understanps:nhllt this eettificat ion may be . disclo sed 10 th e lntem,J Revenue Service by tran sferee und lhat any fals:: stu tc mc nt conta ined he reby co uld be puni shed by fin e, impri son meni, or both. 11,c Tran sferor further unde rs t3!1ds thst the trans fere e is rel ) in g on this affidavit in dete r.ni ning whethei withholding tax is req uired , Un der pc nul tic.s o f perjury, th e und ersigned he reby ce rtifies Lout to th e best of i'..'.l k.now k-clgc w1d bc li d ·, thi s A:'fir.lav il h; lrut:, currcl.!l w:<l comple te .:.nU 1 furU1cr \ltdan: lli dt l li av~ autho rity to sign th:s docum en t on behalf of the Tran sferor a ___________ _ By: _________ _ Nam ,: Title -------------- • • • • • • STA TE OF COLORADO ) ): ss COUN TY OF ____ _ ) l lte forego:n g ins1rument wos ackn owledged before me this day of _____ __, 20_ by ___________ as _________ _ of ___________ ---' Witne ss my hand and offi cial seal . [seal] Notary Publi c Andress: _____________ _ My co mmi ~s ioJl exp ire s: _____________ _ 3 • • • COUNCI L COMMUNI CATION DATE : AGEN DA ITEM : SU HJE Cl: March 19, 20 12 Sou th Broadwa y Eng lewood 11 Cl Bu si ness Improve m ent D ist ri ct - Rn.,rd of Direc tors INITIATED BY : STAFF SOURCF.: So ut h Br oad\•v ay Englew oo d Ru sin ess Da rr en H oll ingswo rth , Eco nom ic De ve lopme11: Improve men t Distri ct Co rdina tor COU NCIL GOAi. AND PREVIOU S CO UNC IL ACT ION: On A ugu~t 7, 2006, Co uncil rn ade the init ia l appoi n1111en 1 oi Ill e Bo ard of Direc tors for the So ut h Hroadw1 y Ln glcwon c Uusines s lrnprove rn ent Dis tn ct (~llcBIU). RECOMMENDED ACT IO N: Sou th Broa d w a\' En glewood Bu siness Improve m ent Distri ct re qu es tes Co uncil co nsi d er th e atlac hed reso lutro n apprcvin g an upda led Boa rd of D ir ec tors . In ord er fo r SB EB ID l o ha ve a full slate of D 1rcc 1ors , Englew ood C ity C ouncil woll ld need to appro ve a reso luti on adopt ing an updated slal e oi th e Goar d o i Dir cc to:s BA CKGROUND , ANALYSIS, AND ALTERNATIVES IDENTIFIED : Th e So ut h Br oa dway Englewood Busi ness Im provem ent District (SBEB ID) is a spe c ial assess m enl rl ii.tr ic t rf fli.ie,nNI 10 impr ove thP ec onornic ._,itality <md overa ll comme rcial ap pea l o ( th e So uth Broadway co rridor in the Crty oi En glewood. The SBEB ID prov ides programs to busi n esses and cornm erc1al pr opcr li es wh ich i11Li llde: di strict ma rke lin ~ pro mo tio ns, enh anced s,1ie ty , and main t~n.1 11ce . 1 he SB EBID Is man,1g ed by a Board of Direc to rs, all of wh om are vo :Ing membe rs ,w d rate pa ye rs. O ne ,1dd itio11 ~l "i e,1 I is rPse rv ed Ior ;i n ex -officio 111e111bc1 ,\ho is d 1ep 1ese ntativt! o i t,~ Cit y o f Eng lcw1l od . The bo ar Ji lhe SBFB ID determin es annua l pri or ili es and ove r!>CCS rhe ongo in g mana ge ment of th e SB ~H ID ~rogra rns. The boa 1d consists of a ma1o rity of re<1 I pr o p erly owners who repr ese nt the vario us ge ograp hic are,,s oi th e SBEB ID. Th e dir ectors shJII serve a three (3) ~•P ,1 r l prm With th e recent res ignati o n 0 1 Mrs. V ick, Ski ge n th e SBFBID D rr ec to rs would li ke to submit for Counci l ap pro vJ I ., revised slJte of Direc tors. StJ te stJ lut es requ ire that City Cou ncil Jppoin t the Board o f Dir ecto rs for a Bu,im•ss lrnprove ment Distr ict . Th e following slate for the Boa rd of Di recto rs was nom inated by 1he1r n o min at in g co mmi r1 ee · Domini qu e Coo k -C, ,:ora do Ca pital , U.c. (new aµpoin1 ee ) Josef J. Kub ik , Jima no's Pizz eria Gary O .<rnan -Wagner's Furn iture T ed Vasilas -Teds Cl oth iers Bo b La u gh lin -Ac ou sti c M usic Revival Bry an Reid -Ed war d's Toba cco Shop, Inc. Bria n H art -Fram e de Ari II FINANCI AL IMPACT: There arc no in creas ed fini\ncia l impa cts as soci,1 1ed ·.vn h th is Rcsolu 1ion. U ST OF ATTA CHMENT S: Lett e r fr om the BIO Res ignat io n fr o111 i\\r~. Vi ki Ski ge n • • • • • SOUTH SROP,DWAY ENGLEWOOl"l BIO PRES IDE NT Ted Va..11\s Tedu Ctott1:len1 3476 s. -..,so,13 303 78 1.1382 VICE PRESIDENT Bob Laughl in AcOJaUc Mu sic R8'ftv1tl 3445 9 . BroBdWay 80113 300.744.1737 SECRETARY Vicki Sk!g tm PO'vm8a l'lk 2816 S. Bro !tdway 80 11 :3 720280.6092 TREASURER Brian A. Hen Frame 01Ar111 3005 S. Broadway 80\13 303.722 ,1 525 MEMBERS Bryan Reid Edw"1l ~ Tobecc<> Shop 3439 S RroACW,.y 80113 303.781 .7662 Gary Oxman Wag ner'e Fumlture 3400 S. BroAdway B01 13 303.789.4206 Joe Kut,;l< Jlmano 's Ptneria 2950 S. Broadway 80 11 3 303.789.0909 February 21. 20 12 City of Eng lewo od, Colorado Mayor Ra nd y Penn City Co un ci l RE : South Broa dway Eng lewoo d Busi ness Improveme nt Dis trict Dear Mayo r Penn , The SIJ EIII D has received a l.ercer of Res ignation fram rhe Boa rd of Directors by Vic ki Skigen , who has he ld the po st of Secret,ry of the BID . We are very gratefu l for Mrs . Skig en's service to our com muni ty and th e BID has accep ted, with regret, her letter of res ign ation. Th e Board has nom ina ted Dominique G. Coo k, Esq., also a property and bu ;iness owner from th e North end of ou r Dis trict to repla ce Vicki . We hope that the City Council will join with us in acce pting Vic ki 's re sig nati on and Dom iniqu e's nomination. /I s always, we dee ply appreciate th e support that we continue to recei ve from the City and loo k forw.•rd to co ntinuing to make grea t cha nges toget her. Sin ce rely, 1ecl v &--1 ,'.!~ Ted Vc sil as Pre side nt, Board of Dir ecto rs So uth Broadway Eng lewood Bu siness Improvement District J11nuruy 17, 20 I 2 Vicki Skigen 2805 South Broadway Engl cwood, CO HO 11 3 (720) 280 5092 TO: SBEDID Board of Directors A ITN Ted Vasilas. President Dear Ted and Fellow Board Members, Please consider this letter my wrincn notice that I ,.,11 step down from my membership on the Bo•rd ofDirecton of the Business Improvement District in 30 days, effective February 17, 20 12. While I continue to wholelleartedly support the Business Improvement Districl the reality is that I am unable to give the rime necessary to serve on the Board, •nd the time that I am spending is com ing al too high of a cost to my businesses . I will anend meetings and do what I can to be supportive, and hopefully in the nc,ct fow yean, I can become more involved again . Vi cki Skigcn • • • • • • R£SOLIJrION NO . SERlES OF 20 I 2 A RFSOU ITION AP POI" T IN , T H E SOUTH BR OAD WA Y ENGLEWOO D BUS INESS lMl'ROVEM ENT D IS T RJ CT BO ARD O F DIR EC TORS . WHEREAS , 1h c South Broa dway Engh.-:wo0d Bu si n~ss Imp rove ment Dis tr ict i~ n spc<.:i nl :1ssess me n1 di s1ri ct dcsignc:d to im prove 1hc cc nomi c vita lit y and ovc mll comme rc ial np pcal o f 1hc Sou lh l:3roadw:i y co mdor m 1he Ci ty of En,;le wood. Colo rad o and 10 pro vid e programs 10 busi nessr:s and cornm erc i:l l pro pen ics th:11 w il l in c bdc d ist ri ct m:-irkc tin g. promou o ns. cnhum.:cd safct) and mmn ten:mcc; and W H EREAS , the So u1h Broa dway Englewood Busin ess In1prV\'c mcnt D1 st ri c 1 (SBEB ID) 1!- mana gcd by a Board of D1re c1ors c:ons is11ng of seve n 111e mbers. all of whom shall be So ut h 13 ro:ldway En glewood Bu si ne ss im pro vem ent Di stn ct \flt mg mem ber s and rnte payers. who se rve: for a three (3) yc:\r hmn; and W H El<EA S. o ne add it iona l seat , in .:1ddi 11011 to l hc <.;even (7) vo1 mg membe rs, 1s rc:!-i crved fo r :rn e, o fficio m ember who 1s a rcprcs c nlnll \'C o f the Ci1y uf Cnglc:\\ ood , .ind WHEREAS , 1h e Board o f Dir e tors dc1c rmine s aiulllal SDElllD pri ori tie s and ov ersees 01 1go ing 1:1nnngcmcnt o fSBEB ID programs: a nd WHEREA S, the Board of Dir ecio , s shall consis t of" maJ on ty of real property ow ners, shall be 11n Cl ju itablc rcprcscm ;i 1i (1 11 o f gcogrn phic aicas, ::.izc. ty pc 11f p1uµt.:1 I) ;111\I bw,111t:s::ic..;; and \HIEREAS, the Englewood C11y Co un cil esta bh shcd the SDEBID Boa rd o f Direc tor; hy the pa s~agc o f Rc so luu un Nu . 7-1 , Sci i·.:~ o f 2006 , and \\11-IER£A ·, there ,s a vacanc)'O n 1he SIJE DID Bo ud o f Direc tors: apd WHEREAS, lhc SBE ll lD Board ha s 1101r 'na1cd Dominique Conk to th e F.nglcwMrl C"y Cou ncil for appro va l; and \VHEREAS. tl~e rem :1111 dcr0f th..:: c urrc•m Hn.1 r<I h,1~ twen nom i n:11c:d for rcarpoi ntm c111. NOW . T I-I ER EF OIU;, UI; I r K.1:SUL \1 1:IJ U Y ·11-1 1:: C ITY COUN C IL O F T HE CIT Y OF EN (;I .F\11001), C'OI Ol"l,\1"1 0, T l-l,\T· Sc.·ctto n I . T he Eng lewood C 11 y Cou nc il lt crcby :1ppoilll $ 1h c fo l lo w111g 10 tl :c So uth Bro.1dwa y En g lewood Bu srn i:ss linpm\•Cment Di stri c1 Boa rd o f Dircc1o r!.· Dom11uqu c Cook -C-.)l orado Commer 1:i l Cnp1 rnl, LLC. Jo sef J . Kubik-Jum1no·s Pi ;acriil Brian Han -Frame de An II Bob Lnughlin Acou st ic Mus ic Rc v 1vi1 I Gary Oxm:1;i -\\.1.1 ;ncr's Fumiture Brya n Reid -Edw, rds Toba cco Shop, In c. T~d Vasilas T ed '~ Cioth1 crs [BLD Prcsi dcn l) Sec ti on 2. Th e So uth Broa dway En glewood Bu siness \Jnpro \cment D1stn c1 B ;ud of D1rt'clo rs tenns will bC' effective inun cd 1a tcly :uuJ will expire December J I . 201 -1 . ADOPTED AN D AJ'PROVED thi s 19t h d:iy o f Ma rch, 20 12 A'JT EST : Ra m.l y P Perm. Ma yo r Kerry Bu sh. Deputy C ity C lerk I, Kerry Bu sh, Ocpuly i1y CJ,:rk f r th e Cny o f Engk·wood , Co lN:\d<'. hcr\!hy ccru fy the nbo"c is ~ 1nu.: copy o f Reso luti o n No __ . S,·rics o f 20 I~ K :ity Bu sh . Deput) C it y C le, k • • • • • COU N CI i. COMMUNI CAT IO N Da •e Age nda l t e .11 Sub 1ec1 M,H h 19, 20 12 \ \ C Ii Duncan Sc hool lm iro nm en tc1I Remediati o n an d Oe m o 'it1 o n !nit a ied ay Sta ff So urce De partm e nt u f PMk~ a nd Rt.:.1cre.1t iu n D<1ve I ee. Mt1n ,1ge r of O pen Spa ce D ~\\'e H ender~on, Cc1 Jital P,o·ecls A dmini~t ri\tur COUNCI L G O A L AN D PREVIOUS COUNCIL ACTI ON • Council approved b y m o 11 on, J pro fess i onal :,, rv i t::S ,1grl'cnw n t o n /\ug111 1 15, ~01 1, wi th Bri lln,1 D l''.)I •11 lur d l':,,1g 11 u f 11 11 p 1 J\•L'l11 1."!11l:,, tu D u 11Li1 11 P,11k . • Coun ci l Bill # 20. Se ri e!) 0 1 ~0 1 1 an o rd in ,rnce 1w 1hor 11 111g th r ._1r,reemen 1 bel \\ ~•e n the Citv o f l.n glt'\H1od .:1n d th C' St._11 c 1J n,1 rd o f th e Gr -~!I O utd o or:,, Colo,ado Tru s t Fund fo , thf" D u ncan t)Mk pl.1 ·1rn ng gr,1n t. • Rc so l u1i on ;1 75, Sc ,i Ps o f :!010 in su p p o rt uf the C 11 , 's COCO grJn l c1 p p l1td ti c.m lo r Du n c.i n P.1 rk p la nnin g gran l. • r nunnl Rill #h, ~,:-n p,;; n1 !110H ,11 11 hnn11ng .,n lntPrgm ,-.rn11w 111 ;1 I AgrPP/11P lll rPg .1r rl i11g th P 2007 grant of GrteJt O ut doors Co lor.1do be tween the Sta te Bo,11d of the G rea t Outdoors Colura cf r, Tn i,, Fun d ,rn d th Ci ly o f Eng lewnod, Colo ra do (nr Dtm Gm P.1rk Acq uisi tion . • Counci l Bill 1152, SP ri es o r 2007 Juth o rizing an !n terg overnment,1 1 Agre ement ri:ga rd n g th e 1007 5~rc1 nt oi A ra pilh oe Coun tv Open Sp .K e bct\'.ecn Arap,'lh oe Co 111lly an d the Ci1y o f Englewood, Co orad o for D unca n Par k ,\cq L1is 1ti on. m in cil G ill #41 , Series u i 2007 authunling ,1 Co111rac 1 oi Deed for th purc h ase 0 1 Dunc,rn J>ar k located at 4 8 46 Suc lh Pennsylv a 11i a S1'ee\ between th e CII\' o i [ngle\\ood and Ar,1pahoe Coun ty Sc hool Di slrill N o. I l[nglewoucl Sc hools). • O rd1n an c #Vl, Ser ies of 1978 -Int ergovernm en tal Agreement between the City oi fngl •w ood an d Englewood S hool; for th e lease f Dun can Sc hoolfpro perl \ ior park and recre,1 ti c na l p ur p oses , RE CO MM ENDED ACT ION St,1ff rt'com11lt:nds tha t Ci ty Cou11 c1 I award, Uy mo11 o n, ,1 Pr Jfe">!>b nal Se rvices Ag,eenH:nt t o 1\i\ajor f nviron rn cn t.11 SC'r\ KC:~, In c fru 1hc cnv1ron 111 cn1,1I rcmcdi.\lion ,md d emolition of the fo rm er Du nc ,111 Sc ho ol bu 1ld 111A b ca tc•d ,11 -1800 Sou 1h Pen nsy l,.,ni., Street in the Jmou nt o i $66.CJB~ 00 .ind .iu tli o n n• Ill e Dirn c.:lu r ol Publil VVor ks to ",1g n th e Prol t::~!>10 11 :11 Servtecs Agreemen t. BAC KGR 'lU ND, ANA LYS IS, AND ALTER'<ATI VES ID EN IIFI ED Counc il auth ori 1ed a ph;i.se d, thrl:!e -yea r purc ha ·e o f D l111c(1n Park from E1 1glewood Sc hools. I he f1nJI p~ty m e nl fo r Par cel #l wa!> com pl e ted in 20 10 . Red evelopment of Du nca n Park, i ncludi ng the rernov,1I o f the nl d sc hool bu ildin g is support e d 61 th e W06 Park Mas te r Plan . Counc il approved • Resoluti on N o. 75, sedes o f 20 10 approv in g th e gr.J.nt vvith oro for DunL<1n Park p l,1nning grant . Tt.l' lity w~1::. :>ucccss fu l in recching 1h e $75 0 00 gr,1rn to iund 1h e p lanrnng pr ocesc-, ,o r rh e p,trk. • 8 111111a IJ 1;.•s•un Lrnup 1<, sch edul ed to cu mplet e th err design l or Dunc an P,1rk m th e sp rinH ol 201.! Th e En gh .. •\,·oud P,1 rk s dnd Rec1e,1 t·o n Oepa rl rn ent cOJ npl e te d a Phas e I envir onn H..'nlal stu dv in March 2008. I hc P11 hli r VVn rh ,ind Pil rks ;\llrl RPc 1i:-.11 in n Oep;u1men !c; cnmplri trrl ,1 Pila,.,. II e 11 virn11m ,..111 .1 I sludy 1n J.11,u.11)' 20 12. Th e Ph:1 sc II study highligh ted ,1ddi ti o 11al ar ea ~ for rc111 ~d1.1t io 11 I he Sta te ,,,11 require a d em o liti on pl,m ,rnd air s(trnplm during th e! dc111 oht1 rn 1 p,ocess. 1 l u: c 11 viru 1ll 11e11lctl 1c111 ed1,_11i u 11 pwLe::,::, w ill 11 1dude lt'dU pdint lt::::,t111 ~, 1t.:111 11vu l c1 1u.l chsµosa l !)f rei;ul.:11 ed buildin g rn a l cria ls ;ind so m e so il cle,:m up . Th e demul 11 io11 pl,111 lnr h1rl c; mob1l1z a11011, ut,111 }' disconn ec t~, d~1110 ht1 o n and d1 !)p osal an d ro ug h g,aci mg (1 1 Ille ~H~. M t11 nr I nvi ro n111 rrH,1I compl e te d th , r.nv iro nm en tJ I c.l ea n up ,1ncf m o nit orm g 0 1 th e lt1 nd11II th.:11 n o w s rve~ as tlw Rnc kip, Rrf'n l M ,1}11 £' FiPl d. M .1 1or F11 vi rn nnwn 1"l .:.li.n rnmrltl tPd .. ,w,ron nwnt;i l \\n1k ;1 1 tliP C 11 v(en tN i.ile .1 11d Bro ken Tec, go lf course. lh-~se prOJC'C l s were .1pr,roved by t h(' Colo r.1d o D e p .. 1r 1111 r,11 t ul 1'11 hl1 c I l e.1 1th ;rnd ! nv,ro nmc nt. FI NANCIAL IMPACl Lil\ 1ro 111 11(.•111 ,1 I rcmcd1c1 tion ,:ind d e111 o ltt1 o n of th e Dun c,rn Sc hoo l hu1l d111 g 1s l''<PL'C.l ~ ci to c o~I S&li .'HU.fH 1. f-und'i fo r the de111 ol itio11 h,1vc be~11 b udgeted 111 th• ~O 12 Open Sµ~1c.c 1--nd LI ST OF ,\TTACHMENTS b 1\ 11u 11111 e 11t ,tl R e 111t:d 1d ti u 11 dn d D .. 111 ul1ti u 11 P ro po~t1 I Pro fe~s irn 1,1 I Se rvices r\greem e nt • • Envlronmcnul. Cons ultlng and Co ntract ing ...;-. Major ♦ • ..,,, Environmental Services, Inc . • • • Fe bruary 6 , 201 2 Mr . Dave l e e Dept . of Park s and Recreatio n City af Ent~l c woud 1 t ~S VI . Q,cfo rrl Av e . Enc lc wood CO 80110 Propos;il p ro pd un ca n 2012 RF Pro poial for Envuo nme11ta 1 Rt:!m ed iat 1on and Demoli ti on of th e For mer Du ncan f:lcment ary Sc hool located at 4800 S. Pe nns ylvania Sv cct Enrlewood, Colo ra do . Dear Dave. Plea se find listed be low our pr ice fo r th e en viron menta l r em ediat io n an d demolitio n or l he fo 1111 t-r Dun can school. As per rry conve r sa t ion w ith M r . CurM Burns with th e Color:.do De p t o f Healt h :u1d Environment w e will be abl e t o dis po se o f no n rcgulaI c d asb e)tos contalninr, bu ildinri w aste i.e . llw dryw a ll fin is hing mud and m asti c on co ncr~te as co nstructi on wa st e. ·1h 1s re pre~ent ~ cum1dl'1dble saving; fro m our o r igi na l cost projec ti ons. We will howeve r be re qui r ed to provi dl• a dcrnollt lon pl Jn t u the Sta t e and rnnr1 uct ai r sam pline d urine the d e m oli uo n p;ocess I h;we h1e hllr,hted the 1t Pm~ lwtn w that I believe you may b e ab le to use gr ant m on ey fo r. I wil l se p ara t e those items m t he fma l tJi l l1nc Al so 1ncl ud~d i n t he price 1s to visua lly in spect t he soils and provide curs ory cle iln up leve ls. Enviro r,mental : S 28 ,57 2.00 {1 5 days t o Co mplet e w it h permitti ng ) Rem ove and 0 is pose of Re~ulat ed 0u,ldinc M at e rials (b allast s /switches) TCLP Testing for lead Draft an d s ubm it Oemoli1ion Plan Sign and Subm it De molit ion Per mits Rem ove and Dis pose of Friable Asb estos Co ntainin g Buil d in g Ma terials (AC8M ) Conduct Air Sampling during Demulit iun Provide for Minima l So il Cl ean up Dc rnolit,un: S38,410 0 0 (18 Days to complete w .t h perm 1tt1np,) Pr ovide to, Demolition Permit s Ut ility locates iJnd Or s co nnccl s Fe nc e Moblhza t ion Complete Demolition and Disposa l of Bui lding Rollgh crade to Drain Dc ·M obi l i1a t io n TOTA L PRICC NOT TO CXCCCD : SG G,982 .00 Term s: 15% down upon aw ard for mobiliza tion, Bal ance upon complet ion Th e pe rm itti ng p roce)':J w 1ll tL1kc 10 to 15 d ay s incl uding th e deve lopme nt of !he demolition plan . We will be able to overlap some of t he work and shou ld be able t o co mple l e t h P prnjrCI ,;t an to fini•,h in ,,nprnxim ,:HPly in 4 w eeks. If you have any que:,t 1o ns o r need fu rther clarificat ion picas,:, do not hes it ate to cal l. A':J d lw ay:, it is o ur sinl l're µl ec1 sure working w rth you and the City or Englewood Res pectfully, l~ Jk,~ VIA '/:---f_--. --- William/\. Major r rcsid cnt , Major Enviro nmcnlal S Approve d By : Date:. ______ _ e s, Inc. • • • • • • PROFESSIONAL SER VI CES AGRE EMENT This Professional Services Agree ment (th e '·Ag reem en t") is made as of this 19•• da y of March , 2012 , (th e "Effec ti ve Date") by and betw een Major Environmental Services , Inc .. a Co lorado co rp oratio n ("Con sultant"). an d Tho City of Englewoo d , Co lo rado , a municipa l co rporatio n orga nized und er the laws of lhe State of Co lora do ("C ity "). Cit y des ires that Consultant, fr om li me lo time, prov ide certain co nsulting services. sys tems integ rat io n servic es, data co nversio n services, train in g servi ces, and /o r related services as desc ribe d he re in, an d Consultant des ires to rerfo rm such serv ices on behalf of C ity on the teI ms and con di tiu ns se t forth herei n . In co nside ration of the fore going and the ter ms hereina fte r se t forth and other good and va lu ab le CCl nsi de ratio n, th e rece ipt a nd suffi cienc y of whi ch are he reby ac kn owle dge d , the parties hereto, i tending lo be lega ll y bound , agree as follows : 1. Definiti on s. Th e te rms se t forth below shall be defi ne d as fo llows: (a) "In tell ec tual Prop e rty Righ ts· shall mean any and all (by wh at eve r nam e or te rm kn own or desig nated ) ta ngi ble and int angible and no w kn own or herealter exIstIng ( 1 ) nght s associate with wo rk s of au thorsh ip thro ughou t the universe, inc lu ding but not limi ted to copy rig hts, mo ral right s, ~nd mas k-wo rks, (2 ) tradem ark an d trade na me righ ts and sim ila r rights, (3) trad e sec ret righ ts, (4 ) patent s, desig ns, algorithm s and oth er indu str ia l p1o perty rights, (G) all other intell ec tual and ind ustrial pro pert y rights (of every kind a nd nature throu ghout th e unive rs e and however designa ted) (in cl uding logos , "ren tal" rights and rights to remun era tio n), whethe r aris in g by operation of law, co ntract, license , or otherwise. and (6) a ll reg istrati ons, in itial ap pl ica tions, renewals, exte nsion s, con tin uat ion s, divi sions or rei ssues hereo f now or her ea ft er in force (inc lu ding any ri ghts in a ny of the fo rego in g). (bl "Wo rk Prod uct " shall mean all pat en ts, pa tent applic atio ns. in vent ions, desig ns. mas k works. pr oc esses, meth odologie s, copyrights and copy rightable works, tra de secrets incl uding confi dential info rmat ion , dat a, des igns, ma nua ls, trai ning m ateria ls and doc umen tation , fo m,ulas, kn owledge of man ufa cturing pro ces ses, methods, prices, fi nancial and acco unt ing da ta , pro ducts and pro du ct spe cifi cati on s and all o the r In tellectual Prope rty Righ!s created , deve loped or prepared, doc umented and/o r delivered by Co nsultant, pu rsuant to the prov i.ion of th e Services . 2. Statements of Work . Du ri ng th e term here of a nd su bject to the terms and co nd iti ons con ta ined he re in. Con su ltant agrees to provide, on an as req ues ted bas is. th e co nsu ltin g services . syste ms intes ralion services. data co nversion services, training services , a nd related serv ices (t he "Se rv ices") as furt her described in Sch edule A (t he "S tatem~11t u f Wo,k") fo1 City, and in su ch addi tional Statements of Wo rk as may be exec ute d by each of the parties here o fr om time to li me pursuant lo this Ag reeme nt. Each Sta tement of Wo rk shall speci fy th e scope of work, specifi catio ns, basis of co mpe nsati on and pay men t schedu le, esti ma ted leng th of time reqc1ired lo co m plete each Stat ement of Wo rk , inc ludi ng the es timated starUfrn ish dales, an d other releva nt informat io n ann shall incor porate all terms and co nditions contained in lhis Agreement 3. Perform ance of Serv ice s. (a ) Performanc e. Consu lt ant shall pe rform the S•Jrvices necessary to co mplete al I projec ts outlined in a St atem e nt of Work in a timely and pro fessional manne r cons isten t wi th the spec ifi ca tio ns, if any, set forth in the Statemen t of Work, a nd in accordance wi th indus try standards . Cons ultant ag rees to e xe rcise the hi ghes t deg ree of pro fess iona lism , and to util ize it s expe rt ise and crea tive ta lents in comple ling the projects ou ll 1ned In a Siate menl of Work . (b) Delays . Co nsu ltant ag rees to notify City promptly of an y fa c tor, occurrence, or event co ming to if s a llention th at may affect Co nsultant's abi lity to mee t the requi remen ts of th e Agreement , • or that is like ly to occasion an y materia l de lay in comp letion of th e projects contemplated by thic Agreemen t or any Sta tement of Wo,k Such noti ce shall be given in the even t or any loss or re assig nme nt ol key employees, th reat of st rike, or ma jor eq uipmen t fail ure . rime 1s expressly ma de of th e essen r.e with respect to each and every tenm and provi~ion of thi s Agr ee men t. (c ) Discrepancies. If anything necessary for the clear und ers tanding of the Services has been om itt ed from th e Agreement specifica tio ns or ii appears that va rious in stru ction s are in con fli ct, Ve ndor shall secu re written in stru ctions fro m Ci ty's projec t directo r be fore proceed in g wi th the performan ce o the Services affected by such omissions or discrepa ncies . 4. Invoices and Payment. Unl ess othe rw is e provided In a Statement of Work, City shal l pay the amounts ag reed to in a Stat ement of Work with in thirty (30) day s following th e acce pt ance by Ci ty of th e work ca ll e d fo r in a Sta tement of Work by City . Acce ptance proced ures shall be 011l li ned in the Stateme nt of W ork . If City dioput cs all or any port io n of an invoice for charges, th en City shall pay the undisputed portio or th e invo ice by the due da te amJ sha ll provide the foll owi ng notifi cation with res pect to the dispu ted po rti on of the invoice. City shall notify Cons ultant as soo n as possible ol the specifi c amount dispu te d and sha ll provi de reaso nab le de tail as to the bas is for th e dispute. Tho portico oholl then attempt lo receive the diop uted porti on of suc h invoice as soon as poss ible. Upon 1esolu lion of lhe di sp uted portion, Ci ty sl1a ll pay lo Consu ltant l1 1e res olved a 111 ount. 5. Taxes. City is not subject to ta xation . No fede ral or oth er ta xes (excise, luxury, tra nsportatio n , sales, etc .) shall be in cluded in quo ted pnces City sha ll not be obligated to pay or reimb urse Consultan t fo r any taxes att ri buta ble to tl1e sale of any Services w hich are imposed on or measured by net or gross income , ca pit al, net worth, fra nch ise, pr ivilege , any other taxes, or • assessments , nor an y of the fo rego ing imp osed on or payable by Cons ullant. Upon writt en notification by City and subseq uent ver ifi ca tio n by Co nsul tant, Consu ltant sha ll reimburse or credi t, as ap pli cab le, C ity in a ti me ly manner, fo r any and all taxes erroneously paid by City. City shal l provide Cons ultant with , and Consu lt ant sh al l accept in good fait h, resa le , direc t pay , or ther exempt ion ce rtifi ca tes , as appli ca bl e. 6. Out of Pocket Exponsos. Consultant oholl be reimbursed only for expenses which are ex pre ss ly provid ed for in a Sta teme nt of Wo rk or wh ich hav e been approved in advance in wri ti ng by City , provi ded Consulta nt has lurnished such doc um en tati on tor authorized exp enses as City may reas onab ly request. 7. Audits. Con sultant sha ll provide such employees and i1depende nl a uditors and inspecto rs as City may des ignate wi th rea sonable ac,ess to all sit es tram whic h Se rvi ce s are perfor med for the purposAs of performi ng audits or in spect ions of Cons ultant's ope rati ons and compl iance with thi s Ag reement. Con sulta nt shall prov ide such auditors and inspec tors any reasonabl e assista nc e th at tlley may 1equire . Such audit s shall oe con~ucted 1n such a way so that th e Se rv ices or services l o any oth er cus tomer of Con sultant are no t impa cted adve rsely . 8. Term and Term ination . The term of this Agree ment shall commence on the Effecti ve Dale and shall co nt inue un less this Ag 1ee1 nen t is tenninaled a s provided in thi s Section 8 . (a ) Convenience . City may, wi th ou t cause and wit hou t pena lty , terminat e th e provisio n of Services un der any or all Statements or Work upo n thirty (30) days prior ,vri llen noti~e . Upon suc h tenminati ,on, City shal l, upon receipt o an invoice from Consultan t, pay Consu ltant for Serv ices ac tu all y ren dered prior to th e effec tive da te or such terrrn nallon. Cha rges will be based on ,ime • expended fo r all incomplete tasks as li sled in the applicable State m ent of Work, and all comp leted tasks will be c harged as ind icated ,n th e app li cab le Statem ent of Work • • • (b) No Outstan ding St at ements of Work. Either party may term inate this Agreement by p1 ovid 1ng the oth er pa rty wi th at lea st l11i11 y (30) day s prior writt en no ti ce or termination if th e re are no outstanding Statements of Work . (c) Mate rial Breac h. Ir eith er party materially defaults in the performance or any term of a Stateme nt of Work or thi s Agreemen t with respect to a specific Statement or Work (other than by nonpaym ent ) and does not substan tially cure such defa ult with in thirty (30) days after receiving written notice or such default. then th e non-defaulting party may terminate this Agreement or any or all o utstanding Statements ol Wor k by providing ten (10 ) days prior written not ice or te nnina tion to the d efau lting party . (d) Bankruptcy or Insolvency. Eithe r party may terminate thi s Agreement elfec tive upon v,r itte n notice stat in g its in te ntion to terminat e 1n the evenl th e other pr1rty : (1) mak es a ge neral assi gnment of all or sub sta ntial ly a ll of its as sets for th e benefit or its creditors; (2) applies for, c Jnsents to, or acqu iesces In th e appo intm ent or a 1e ceiver, tr ustee , custod ian, o r liqu idator fo, it s b usiness or al l or substan tiall y all of its as se ts ; (3) files , or consents to or acquiesces in , a petition seek in g rehe[ or reorg anizatio n under any bankruptcy or in so lvency taws ; or (4 ) file s a petition see king r ,tier or reorgan iz atio n under any bankruptcy or insolve ncy lows is fil ed ag'1 in st tha t otho r party on d is nut dismis sed with in six ty (60) days after ii was filed . (e) T ABOR . The part ies understand ~nd ackn ow ledg e that ea ch party is subj ect to Article X, § 20 of the Co lorado Co nstitution ("TABOR "). Th e parties do no t intend to vio late the term s and requ irements of TABOR by the exe~ut iun or thi s Agr eemen t. It 1s under stood and agreed that thi s Ag reement does not crea te a mu l I-fiscal yea r direct or ind irect debt or obligation wit hin the meaning of TABOR and, notwi ths tandi ng anything in th is Agreement to th e co ntrary, all paym e nt obligations of City are ex pre ss ly de pende nt an d cond iti oned upon th e conti nuing ava ila bili ty of funds beyo nd the ter m of City's curren l fiscal period ending upon the next succee ding De cemb er 31 . Fina ncial obl igations of City payable after the cu rr ent lisca l year are con tingent upon funds for that pu rpose being approorial ed , budgeted , and otherwise made ava il able in acco rdance wi th the rules , regulat ions, and resolu tions or City and appl icab le law . Upon the failu re to appropria te such funrls, th is Ag re eme nt shall be ueern ed term inatt>d , (f) Return of Property. Upon termination of thi s Agreement. both parties agree to return to th o othe r all property (in cl uding any Con fi denti al Information , as define d in Sec tion 11) of th e oth er party tha t it may hav e in its poss es si on or control. 9 . City Obligations . City will prov ide tim ely acces s lo Cil y person nel . systems and inform atio n requ ired for Consultant to perfo rm its obligat ion s hereun der . Ci ty shall pro v1d o to Consultant's e mploye es perfornm1 g its obligat ion s hereun der at Cil y's prem is es , without charge , a reasonab le wo rk env ironm ent m co mp li an ce with all appli cab le laws and re gu latio ns , includi,,J offi ce spa ce , furnitur e, tel eph one service , and reproduction, computer , fac simi le, secretan al and oth ' necessary e quipment. s uppli es, and se rvic es . With respe ct to all thi rd party hardw are or so ftware operat ed by or o n behalf of C ity , City sha ll , at no expense to Co nsultant, obta in all con se nt s, li censes and sub li ce ns e s neces sary for Con sultant to perform und er the Slatements ol Wo rk and shall pa y any fee s or other cos ts asso cia te d wi th obtaining such co nse nt s, hce nses and subli cen se s. 10 . Staff. Co nsult ant is an i11 dc pe11 de11 t co nsulta nt and ncil1 1~1 Con sultant nor Consulta nt's staff is, or sha ll be dee med to be employed by Cit y . Ci ty is hereby cont raclin g w ith Con sultant for th e Servi ces des crib ed 1n a Statemen t of Work and Consultant re serve s th e rig ht to determine th e me lhod, manner an c mean s by whi ch th e Services will be pe rform ed . Th e Service5 sh all be perfo rmed by Cc nsultant or Cons ult ant's staff , and City sha ll not be required le hire , sup ervi se or pay an y assistant s to help Co nsu lt anl perform th e Services und er th is AgrP eme nt. Exc ept to th e extent th at Co nsultant's work must be perform ed on or wit h City's com puters or Cl 1y's ex isting software , all mat er ials used in provid ing the Services shall be provid ed by Co nsulta nt. • 11. Confid en tial Information. (a) Obligation s , Each pa rty hereto may receive from the othe r party informat ion wh ich re lates to the other party 's bu sine ss , res earch , deve l,pme nt , trad e secrets o r busine ss affai rs ("Confident ial In for mati un''). S ub je ct to the provl~io n:,; an d e:<c e~tio ns set for th in the Co lorado Open Records Act , CRS Section 24-72 -101 et. se q ., eacrn party,;t,all prot ec t all Confidential Informati on of th e oth er party with th e same degree of ca re as it us£, t J avo id unaut l1orized use, di sclosure, publi cati on or di ss emination of its own con fid entia l informat ion of a si milar nat ure, but in no event les s than a reasonable degree of care . Without lim itin g the ge ne ral ity of the fore goin g, each party h<3 reto ag rees no t to disclose or permit any other person or entity access o the ot her party's Confidentia l In fo rm ation ex cerf such di sclos ure o r access shall be per mitted to an emrloyee, agent , representa tive or inde pe ndent consu ltant of such party requir ing acces~ to the same in order to pe rform his o, her employ ment or services. Eac h party sha ll in sure th at th ei r emp loy ees, ag e nts, repre,,e ntativeo , and independ ent consultants are advised of th e co nfide r,li al na ture of the Confident ial Informatio n an d are pr edud e~ fr om ta ldng an y ac ti on pro hi bited und er tl 1is Section 11. Furth er , each pany agre es not to alter or remove any identification, copy ri ght or oth er propriet ary righ ts noti ce wh ich indicates the ownersh ip of a ny part or su ch Con f1den~a l ln fo rmat1 on by th e ot her part y. A party hereto shall unde rta ke to imm edi ately not ify the other party in w riting of all circums tance s surrounding any pos sess ion , use or knowl edge of Confide nt ia l Info rmation at any loca ti on o r by any person or enttty other than tho se authorized by this Agreeme nt. Notwithstanding the foregoing , nothing in this Ag ree men t shall res tri ct eith er party wi th res pec t to in iorm ation or da ta ioentical or si milar to that con ta ine d in th e Confi dential In formation of the other party but which ( 1) that party ri ghtfully possess ed ~efo re it received such information fro m th e other as ev ide nced by written documentation; • (2) subsequ en tly be co mes publicly availab le th rough no fau lt of that party; (3) is subsequently fu rnish ed rig htfull y to that part y by a third party without res trict ions on use or disc lo su re; or (4 ) is required to be disc losed by law . provided th at the discl os ing party will exe rci se re asonable efforts to notify the other party pri or to di sclosure . (b) Know-How . For the avo idance of doubt nei the r City nor Co nsultant shall be prevented fr om making use of know-how and principles learned or expe ri ence gained of a no n-proprietary and non -con fije nt 1a l na ture . (c) Remedio s. Each of the parties her eto ag ree th at if any of them, th eir offi ce rs, em ployees or anyo ne obta in ing acces s to the Confide nti al Inform ati on of the oth er ~arty by, through or und er th em , brea ches any prov ision of thi s Sec ti on 11, th e non-b reac hi ng party shall be enti tl ed to an ac co unting and rep ay ment of "II µram s, co mpen satio n, com mis sions, re mu ne raticn s and ber;efit s which the breaching pany, its officers or emp loyees directly or indi rectly re alize or ma y re ali ze as a result of or growin g out of, Nin co nn ec tion with any suc h brea ch. In addi ti on to , and not in limitati on of the forego ing, in the ev •,nt of any :>rea ch of this Sec tion 11 , the parties ag ree that th e non- breac hing pa rty will sutler irrep arable harm and th at the tota l amoun t of monetary dam ages for any such inJu ry lo the no n-bre~c hing pmty aris ing from a viola ti on of th is Se r.li on 11 wou ld be impos sibl e fo ca lculate and would th erefo re b~ Jn inad equa te remedy at law . Accordi ngly , th e partie s agree that th e non -breach ing party ~hol l be entitl ed to tempo rary and pe rma nent injunctive relief aga inst tho breaching party, its offi ce rs or employees and suc h ot her ri ghts and remed ies to w hich the non- breach ,ng party may be entitle d tu at laN, in equity o, unde r th is Agree ment fa, any vi ulation o f Uris Secti on 11 . The provisions of thi s Section 11 sha ll surviv e the expirati on o r termination of this Agreemenl for any reason. 12 . Projec t Mana oers. Each party sha ll des ignat e on e oi its employees to be it s Pro ject Man ag er under ea ch Statern en : of Work, who shall ac t for tha t part y on all mclters und er the Statement of • • • • Work. Each party shall notify the ot her ,n wrilirg of any rep lace ment of a Project Manager. fhe Projec t Managers for each Statemen t of War '< sha ll meet as often as either one requests to review the st atus of the Statemi,n t of Work . 13 . Wa rra nti,,s (a) Autho,,ty . Co nsu lt ant represents and warra nts th at : (1) Cons ultant ha s the fu ll corpora l A right, powe~ and aut hor ity lo enter into th is Agreement and to perform the acts reqt,ired of ii hereunder: (2) the executi on of this Agreeme nt by Consultant, and the perto rmance by Consu ltant o l i:s ob li goli ": ., anii duties here un der, do not and wi ll not violate any ag reement to whic h Co nsultant is a pa rty or bv ,,,,:ch ii is othe ;wise bou nd under any app licabl e la w, ru le or regula ti on: (3) when executed ;incl Jr,hvered by Co nsu ltan t, this Ag, eement will con stitule the legal , valid and bind iag obliga tion of sc.c h party , en forc eable aga inst suc h party in occordonce wit h its terms: an d (4) Co nsultant ac k nowledges th at City make s no representations, wa rrant ies or agreement s re la ted to the subject matter hereof that are not expressly provided for in thi s Agr eemen t (b) Se rv ice Warranty . Co ns11:•,1n t warra nt s th at its employees an d cons ultants shall have suffi cient ski ll , knowledge, and !! J,r, ,,9 : ·, pe rtorm Services and Iha! the Services shall be pe rformed in a professiona l and workman;·,, ,,:~,ir ·;. (c) Personne l. Unless a specific numb er of emp loyees is se t fort h in the Statement of Work, Con sult an t warrants II will provide suffic,enl emp loyees lo co 111µlele !he Services o rd,,red wi thi n th e app licable time fr ame s es tab lished pu rsu ant lo this Agreem ent or as set for th in the Statement o f Work .. D uring th e cou rse of perforr.,ance of Services , City may , for any or no reason , request repla cement o f an employee or a rroposed employee . In such eve nt , Cons ultant shall, within five (5) worki ng da ys of receip t of suc h reques t from City, provide a subst itute emp loyee of su ffi cient ski ll , kn ow ledge , and tr aining lo perfo rm th e appli cab le Servic es. Consultant sha ll rP.qu ire em ployees providi ng Service s al a Cit y location to co mpl y with app licab le City securit y and safe ty regu lations and poli cies . (d) Compensation an d Benefits. Consult an t sha ll provi de for and pay th e compensation of emp loyees a nd shall pay all taxes , co ntribut ions, and benefits (such as, bu t not limi ted to , wo rkers' compensa tio n benefits) which an employer is required to pay relating to the employment of em ployees . Ci ty shalt not be lia ble to Consultant or to any em ployee for Cons ul ta nt's fai lure 10 perform its com pensation, bene fit , or lax ob ligat ions . Consu ltan t shall inde mnify, defend and hold City ha rmless from and aga inst all suc h taxe s, co nt ributions and ben efits and wi lt co mply with all associa le d gove rnm enta l regu lati ons, inclu ding th e fili ng c,f all necessary reports and returns . 14. l nden ,ni fi cat ion. (a) Cons ultant Indemnification. Consulta nt sha ll indem 1fy , defend and ho ld harm less City, its direc tors, offi ce rs , employ ees , and agent s and th e heirs, es.ec utors , successors, and perm itted ass igns of any of the for ego ing (t he "City lndemni l ees ") from and again st all losse s, claims, ob liga ti ons, demands, assess men ts, fines and pen al ties (whe l her civi l or crim inal), liabilities, expenses and costs (incl uding rea so nable fees end disbursements of legal coun tel and acco u ntants), bodi ly and oth er personal inju ries , damage to tang ib le property , and oth er damage s, of any kind or nature, suffered or incurred by a Ci ty lndemn il ee directly or in dir ec tl y arising from o r related lo . (1) any ne £•lige ril or inle11li o11 al act or omis sion by Cons ullan\ or it s represen tat ives in the performance o f Con su ltant's obligations under th is Agreement. or (2) any mate rial breach in a repre sen tatio n , warran ty, covenant or ob ligatio n of Co nsultant co ntained in thi s Agreement . (b) lnfri ngemAnt. Cons ultant wi ll indP.mnify , defend . an d hold City harmless from all lnd emnifiabte Losses aris ing from any third part ,· clair· s that any Work P:od ucl or m~thodology su pp lie d by Con su lt an t infri nges o r m isappropriates any In tel lectua l Property ngh1s o f any third party; prov ided. however, th at the foregoi ng 1nde mrn fical1o n obliga tion shall no 1 app ly lo any alleged • infringe m e nt or m isappropri atio n ba sed on : ( 1) use or lh e Wo-~ Produc t in co mbina ti on wit h products or serv ices n ot p rovid ed by Co nsu lt an t lo the exten t lhal sue.ti ·•1fringement o r m1sa pp rop ri alio n wo uld have bee n avoided if such oth e r products or services had , .,, been used; (2) a ny modification or enhanceme nt lo the Work Product ma d e by Ci ty or an ·•,.r,e ~lher tha n Co nsu ltan t o r its sub- co nsulta nts : or (3) use o f the 1"1or k Prod uct ot her th an as 1,urmitte d 11nde r this Agree ment (c) Indemnific ati o n Procedures . No twit h-s to11n ,11y a1 ·1 ll1111g else con tained in this Ag re e ment, no ob liga tion to in dPrnnify whic h is set lorth in t 1.. ':iecth.>n 14 shall apply unless the party cl a im ing inde mnifica ti on no tifies Iha o th er party as soon ~s p1 ,.,,11c 1hle lo avoici a~y prej uci ice in th e cla im , su it or p rocee din g o f ony mo lters in respect of wh ich th e 11 ·,demnily m ay apply and of whic h ti· e nolifyiny party has knowledge and g ives th e other pany t .e opp orta rn l y to con tro l the response th e re to a nd th e de fe nse the reof : p rovided, howeve r, that th e p3 rty claimi ng 1nd em nifi cat1on shall have the rig ht to pa rti cip;ile in a ny legal proceedi ngs lo co ntest an d ce fend a claim for indem ni fica tio n involving a third pa rty o nd to be rep rcce n tc d by it s ow n a tl orn eys, all al such part y's co st and <lx pe11se: prov id e<.J fu rth e r, however, that no selllemcnl or compromise of a n asse rt ed th ird-party claim other th~~ the payme nVm o ney ma y be made wrl hou t the pno r wn llen conse nt of th e party cla un in g ind emnification . (d) Immunity. C ity, it s officers, and its em ployees, a re relying on, a nd do no t wa ive o r int e nd l o waive by any provision of this Ag reeme nt, the mo netary lim natlons or a r ,:, othe r ri g ht s, i,nmunilies, a nd pro tections provided by the C ol orado G ove rn me ntal lmmunily Act , C .F..S. 24 -10-1 01 et seq ., as fro m tim e to lime a mende d , or othc rwi re availabl e lo Cily, its o ffi ce rs, or its employees . 15. I n s u ran ce . (a) Requ ire m e nts . Consult ant ag rees to keep in fu ll for~~ and effect an d ma inta in a t its sole cos t and expense the fo ll owing po li cies or insuran ce during th e term of this Ag ree ment: (1) Tho Co n su ltant shall compl y with th e Wo rke rs· Com pensati on Ac t or Colorad o an d sh all provide compensatio n ins urance lo protec t the City from and ag a inst an y and all Worke rs' Co mpen sa tion cla ims ~risi ng fro m perfo rma nce of th e wo rk unde r this contract. Worker s' Compe nsa tio n insurance mu st cove r obli g ation s im pose d by app licab le la ws fo r an y em pl oyee engaged in the pe rforma nce of work u nce r this contract , as we ll as In a Employers· Liability wit hi n 11,l mini mu m statu tory limits . (2) Co m me rcia l Ge n e ra l Li ability Ins urance and auto liabi lity incu ronce (in cludi ng con t ractua l lia bility insurance) p1ov idi ng cov erag e for b"d1 ly in ju ry and prope rl y da111agc with a co mbined siny le lim it of nm less th an one m ill io n dollars ($1 ,00 0 ,000) p er occurrence . In add ition the co ntrac tor will require subco ntrac tors for ba th the Demolition and Abatement phases of th e project shall 1J.rov1de and k eep in fu ll force ;,nd offoc f, at its solo cos t and 9x1J.o nse tho same t o of ins ura ce in th ij[J]Qunt of not fess than one million dollars ($1 ,0 00 000/ per occu rrence with the Cit y named as an add ition al in.su red .. Copies o! th q_!iQ po licies shall be P[O.Yided to the Cit y prior to the comme ceme nt of an work on the proiec t (3) Pro fessio nal Li ab ili ty/Enors an d Omiss ions In surance cove ii ng a cts, errors and omissio ns arisinq out o f Consultan t's operatio ns or Services 1n an amo unt not less tha n one m Il ion doll ars ($1,000 ,000 ) pe r occurre nce . • (4 ) Employee Di shonesty and Compu te, fraud lnsu,ance coveri ng losses ari si ng out of o r • in connection w ith a ny fra udulent or dishonest acts com m1lled by Cons ultant personnel, acting alone or w ith ot h ers, in a n ~m o unt nol less th an o ne million dolla rs ($1 ,000,0 00) pe r occurrence . • • • (b) A r>proved Compan ies. All such insuran ce shall be procurod with suc h insurance co111pa 111e:s of good standi ng , pe rmitted to do bus iness ,n the cou ntry. stale or territury where t>,e Serv ices are being periormed . (c) Certificates . Cons ultant shall provide City wi th certifica tes of insura nce evidencing comp lia nce with this Section 15 (including evidence of renewa l of insurance) sig ned by au thorized repres entatives of the respe ctiv e carriers fo r eac h ye ar that th is Agreem en t Is In effect. Certificat es o f insurance will list the Ci ty of En g lewood as an add itie,nal insured . Each cert ifi cate or insura nc e sha ll provide that the issuing company sha ll not can cel , reduce, or otherwis e ma teria lly change th e insura nce affo rded under the above po lic ies unles s th irty (30) days' no ti ce of such cance ll ation , reduction or mate rial change has be en provided lo Ci ty. 16. Rights in Work Product. (a) Generally. Exce pt a s spec ifically ag,eed to the con trary in any Statement of Work , all Intellectua l Property Righ ts in and lo the Work Product produced or provided by Consultant under any Sta temen t of Wo rk sha ll remai n th e property of Consu lt ant. With re spec t to the Work Prod uct , Cons ult an t unconditionally and irrevocably grants to City dunng th e term of such Intellec tu al Property Rights, a non-exclusive , irrevocable . perpetua l, worldwide, fully paid and royalty -fre e license, to reproduce , crea te derivative works of, di str ibute , publicly pertorrn and publicly di splay by all means r,ow known or latnr developed. such In tellec tu al p,operty Right s. (b ) Know-How . Notwithstand ing anyt hin g to the contrary herein , each party and its respective perso nne l and consu lta nt s shall be fr ee to use and employ its and th eir general skills, know-how, and ex pert ise, and to use , disclose, and emp loy any generalized id eas, concepts , know - how, meth od s, techniques, or skill s gained or l~arned durin g the course of any ass ig nmen t, so lon g as II or they acquire and apply such in fo rma tion wit hout disc losu re or any Confide ntial Information of the oth er party . 17 , Relationship of Parti es. Cons ultant is act ing only as an independent consultan t and does not undertake, by thi s Ag reeme:it, any Stateme nt of Work or oth eiwi se , to perform any obl igation of Ci ty , whether regulatory or cont ractual, or to assum e any re sponsibility for City 's busines s or ope rations . Neither party sha ll act or represent itse lf, dire ctly or by implicati on , as an agent of the oth er, except as expressl y Eu lhori ze d in a Statement of Work . 18. Complete Agreement. Tl>1s Ag reem ent contain s th e entire agreem ent betw een the part ies hereto wi th res pec l to the matte rs cov ered herein . 19 . Appl icable Law. Consultant shall com ply with all appli cable law s In pe rform ing Se rvic es but shall be held harmle ss fer vio lation of a ny gove rnm ental proc ureme nt regul ation to whi ch ii ma y be subjec t but to whi ch referenc e is not mad e in the appli ca ble S tatement of Wo rk. Thi s Agre e ment sha ll be const rued in acco rda nce with the law s of the State or Co lorado . Any actio n o r pro ce eding brought l o in terpret or enforce the provis ion s of t11is Ag reeme nl shall be brought before the stat e or fede • ,I court si tuated in Arapahoe Ccunty , Colo rado and each party hereto consent s to juris diction and ve nu e before such courts. 20 . Scope of Agreement. If the sc ope of an y :,revisio ns of this A gre ement is too broa d in any re sp ect wh atsoev er to perm it ~nfo rcem enl to its :ulle st e>!ent , th en such provisi on shal l be enforced to the maximum ex tent permitted by law , and the part ies hereto consent to an d agree that such sco pe ma v be ju dicia ll y modifi ed accordingl y and that the whole of such provision of this Agre ement shal l no t ther eby fail, but that the scop e of such provision shall be curta il ed only to the exlent nece ssa ry to co nfo rm to law. 21 . Addltlono l Work. After rec ei pt of a Statement of Work, Cit y, with Co nsul tan t's consen t, may re 4ues l Consul tant to unde rta ke addi t,onal work with resµec t lo such Statem en t of Work . In suc h • ev e nt. Ci ty and Consultant sha ll exe cu te an addendum to the Sta ement of Work spec ifying such additiona l work and the compensa tio n to be paid to Cons ult ant for such add itiona l work. 22 . Sub-consultants. Co nsu ltan t may not subconlra cl any of the Sen,ices to be provided hereunder wit ho ut lhe prior written co nsent of City. In the event of eny per mitted sub co ntracting , tho agreemenl will1 such third party sl1al l µruv id e ll1al, wi lh resµect lo lhe sub cont ra cted war~. such sub- consullant shall be subJcct to all al th e ob ligations of Consultant specified in thi s Agreement. 23 . Notices . Any no tice provided pu rsua nt to th is Agreement sha ll be in writi ng to th e parties at the add res ses set forth be low and shall be deem ed given (1 ) if by hand delivery, upon re ce ipt thereof, (2 ) th ree (3) days after depo si t in th e United States mails . pos tage prep •i d, certified mai l, return receipt requested or (3 ) one (1) day after deposit wi th a naliu11a lly-reecognized ove m ight couner, specifying overnigh t pnority del ivery . Either party may change ,ts address for purposes of th is Agreement at any time by giving writte n notice of suc h change lo the oth er party here to. 24 . Assignment. This Agreement ma y not be assigned by Consultant withou t the pri:ir w ritten co n sen t of City . Except for the prohibition of an assignmen t contained ,n th e preceding sen tence , thi s Agreeme nt sha ll be binding upon and inure lo the bene nt of the he irs, successors and ass ign s of the parties hereto 25. Third Party Beneficiaries . Th is Agreement is ent ered into solely for th e bene fit of the parties hereto and shall not co nfer any rig hts upon any person or en ti ty not a party lo th is Agre em ent. 26. Headings. The sectio n headings in thi s Agreement are solely for convenience and shal l not be considered in it s inte rpretat ion . Th e re ci tals se t tort h on the firs t page of th is Agreemen t are • incorpo ra ted into the body of this Agreeme nt. Th e exhibits referred lo throughout this Agreement and a n1 Stat ement of Work prepa red in conform an ce wit h th ,s Agreem ent are incorporate d into th is Ag reement . 27 . W aiver. T he failu re of either party a l any tim e lo req uire pe rformance by the othe r pa rty of any provision of thi s Agreeme nt sha ll not effect in any way the fu ll righ t to requ ire suc h periormance at any subseq ue nt tim e; no r shall th e waiver by either party of a bre~ch of any provision of this Agree men t be tak en or held lo be a waiver of the provision it se lf. 20 . Force Majeure. If perio rman ce by Consult ant of any service or ob li gation under this Ag reement 1s prevented, res tr icted , d<:layed or inleriered wilh b1 reas on of labor dispu tes, str ik es , acts of God, flood s. ll ghlnrng, severe wea ther, shortages of matenals. ral 1oning. utility or co mmunica tions failures. earthquakes. war , re vo lution . civil oommoti on. acts of pu blic enemies. blockade, emba rg o or any law, order, proclamation, regulation ord inance, demand or requirement having legal effec t of any governmental or judicial au th ority or re presen tat ive o any such government, o r any olhe, act whether similar 01 dissi 111i lar l o those re ferred to in this clauJe. whi ch are beyon d lh t= reasonable con trol of Co nsultan t, the n Consu lta nt shall be excused from :-uch perio rm ance to the ex tent of such pre ven tion. restrict ion . de lay or in terierence . If th e period of such delay exceeds th irty (30) c1ays . City may , withou t li ability. tenminat e th e afferted Sta tement of Work(s ) upon wri tten no tice i o Cons uha nt. 29 . Time of Pertormance. Tim e is expres sly made of the essence with respect lo each and every term and prov,s,on of this Ag reement. 30. Permits . Co nsul tant sh~I I a l ii ~ own expense SP.cure any an d all lice nses, perm its or ce rt,fi ca tes that may be required by any federal, stal e or loca l statute, ordinance or re gu lation for th e • • • • perlor-n ance of th e Services und er the Agr ee ent. Con sultan t shall also comp ly with the provisions o f all Ap plt ca lJ le Laws in performi ng the Services under the Agreement. At it s ow n expe nse and al no cost to City, Consu lta1 t shall make an y cha nge, alt era tion or modification th at may be necessary to comply wi th any App licab le Law s that onsulianl fai led lo comp ly wit h at the time o f performance of th e Services. 31. Media Releases. Exce pt for any ar.~o uncemen• 1nt,.,-,ded so lely fo r int ern al distribution by Co nsult ant or any di sc lo su re requ ired by legal. accou11 ,., J, or ragulatori req uire~~en ts beyond the reasonable co nt ro l of Consuliant, al l media releases , pt:b li c annouc•ce • 1ents , or ~u blic d isclosure s (includ ing , but nol li mited to, promo tional or marke ting rnu terial > DY Co nsultant or its employee s o r ag ent s re la ti ng to this Ag reem ent or it s su bje ct ma tte r, or lncludi l'G the -, ,'le, trad e mark, or symbol of City, sh all be coo rdinate d w ith and ap pro ved in writin b '> City prior to thv '"'lease the reof. Consultan t sha ll nol represen t di rec tl y or indi rectly that any Servi r.6-;:11,, i ?d by Consultant to City ha s bee n ap pro ·,ed or endorsed by City or inclu de th e na m(., trad marl<, or sy mbo l of Ci ty on a li st of Cons ultan t's custome rs wi th out City's exp ress wrillen ,;onsent. 32 . Nonex c lu si ve Mark et and Purchase Rig hts . II is ex press ly und ers too d and ag reed that th is Ag ree men t does no t grant lo Consu llanl an exc lu sive right to provide to City any or a ll of the Services and shall not pr eve nt Ci ty fro m acqui ring fro m oth er sup pli ers serv ices si milar to the Service s. Consultan t ag rees tha t ac qui si ti ons by City pursua nt to thi s Ag reem ent sha ll neither restrict the right of City to cease acquiring no r require City lo cont inue any leve l of such acquis it ions. Est imates or fo recasts furnish ed by City to Co nsultant prior to o r during the term of th is Ag ree ment shall not cons ti tute commitments . 33. Survival. Th e provisions of Section s 5, 8(9 ), 1n. 11, 13 , 14, 16, 17, 19 , 23 , 25 and 31 sha ll surv ive any expi ratio n or term in atio n for any rc .~s o:, of thi s Agreement. 34. Verification of Compliance w ith C.R.S. 8-17 .5-101 ET .SEQ . Regarding Hiring of Illega l Aliens : (a) Employees , Consultants and Sub-er •~:J ltants : Co nsultant sha ll not kn ow ingl y employ or co nt ract w•th an illegal alie n lo perfo rm wo 1, under this Contract. Consultant sha ll not con tra ct with a sub-consul tant that fail s to cer ti fy to th e Cons ultant that the sub-co nsultant wi ll not kn ow i.1gly emp loy or co nt·,ct with an ill ega l alie n to perf orm wor1< und er thi s Contract. [CRS 8-17 .5- 102(2)(a )(I) & (11).) (b) Verification : Con s11ltant will pa rt icipa te in eith er th e E-\/erify program or lh e Departm ent pro gram, as defin ed in C.R S. 8-17 .5-10 1 (3.3) and 8-17 .5-101 (3.7), res pec tiv ely, 111 order to con fi rm lhe emp loyment e ligibi lit y of all empioyees who are newly hired fo r em ployme nt 10 perform wo rk un de r Ir is publi c con tract fo r services. Cons ult an t is prohibited from using th e E-Ver ify program or th e Depa rtm ent prog ra m procedures to undertake pre-emp loyment sc ree ning of jo b applicants while this co n rac l Is being performed. (c ) Duty to Terminate a Subcontract : If Co nsultant ob ta ins ac tu al know ledge I ha ! a sub- concul tan performing work under lhis Cont ract knowi ngly employs or con tr ac ts wi th an illegal alie n , the Consu ltan t shall ; ( 1) no ti fy lhe suh-cons 111tan t and the Ci ty with in three days that the Consulta nt ha s ac tua l knowledge th a t the sub-co nsultan t is emp loy ing or con tractin g with an ill ega l ali en; and (2) terminate th e subcon tract with the sub-cons ultant if, within three days of rece iv ing notice req uired pursuan t lo th is pa ragrap h th e sub-co nsulta nt doe s not sto p employin g or coa tracting wi th th e il leg al alien; excep t that !he Co nsultant sha!I not termina te the con tr act with th e sub-consultan t if duriag s J Ch three days the sub-consulta nt provides informa tion to establish tha t the sub-consu lt an t has not kn owingly emp loyed or con tracted wi th an illega l • a li en (d) Duty to Comply w ith St lo Investigation : Consultant shall comply •,;ith any rea ,,onablc req u est of th e Colo,ado Dep art m en t of Labor and Employment made in the course of an inves tigation by that the Department is u ndertaking purs uan t to C R.S . 8-17 .5-102 (5) (e) Damages for Breach of Contract: The Ci ty ma y ter mi nate this con tra ct for a breach of co ntra ct , in whole or in part, du e to Consultant's t ·each of an y sec tio n ol this paragraph or p ,ov isions req u ired pursuant to CRS 8-17 .5 -102 . ConsL tant sha ll be liable for ac tua l and consequen tial damages to th e City in addition to any other lega l or equitable remedy the City may be en titled to for a br each o f I is Contrac t under th is Parag raph 34. IN WITNESS WHEREOF , th e p ~•ties 10 this Agreement have ca used it 10 be executed by the ir authorized offi cers as of !he ca y · 11d year fi rst above wri tte o. Th is Agreement may be execu ted in co unter pa,ts, eac t1 of ·. t,,· :, .,r, H .JtJ deemed ar 1 orig inal , bu t all oi whi ch loyt:l1 1t:r sl 1all l;On slitute one and th e same instrument. CITY OF ENGLEWOOD , CO LORADO By :---~--~---------(Slgna1u ,eJ Rick Kahm {P ri nt Name ) Ti tl e : Public Wo rks ~P~i~r~e~c~t~o~r~----- Date: ________________ _ ATTEST : City Chs. ; -Louer ishia A. Ellis (v\nt t°flJ \li (C ~,1,r ,,,-1-./'ll Sr:.ev, ! ItJ (, (Con ultant Name) 1111>1 vJ \C\l r\1,'till~!A ?(I(~ Addro ss 09 1 Je (\, G:> ~u4-o I City, State, Zip Codcl . By:~ v¼P:J ~ . I (Signa~uro ) , l>J'11 '""" I\. 1M ,:. JC r (Prin t Namo) • • • • • Date: SCHEDULE A OUTLINE OF STATEMENT OF WORK 1. GE NER AL Th e City of Englewood and Major Environme ntal Services, Inc. enter into this Agre ement as outlined in the attac hed proposal letter dated February 6, 2012 . The City and M ajor Environmental onter into a Profe ssional Service s Contract dated Ma rc h 19 , 2012 . 2 NAMES OF PROJ ECT COO RDIN ATORS r ,r the City : For the Consultant: Dave Handerson , Enginee ring/Cap ital Proj~cts Coordinator Dave Lee, Open Space Man ager William Major, President, Major En vironmental Services, Inc. 3. SUMMARY OF PURPO SE FOR STATE MENT OF WORK 4 . Environmental Remediation and Demolition of the Former Duncan Elementary School Building located at 4800 S. Pennsylvania St., Englewood , Colorado DESCR IP TION OF WORK PR ODU CT AND DELI VERA BL ES Consultant will provide Envi ro nmental Remedi atio11 and Demolition services as detailed In the attached proposal. All work and required documentation will b e provided per applicable state and local laws , ordinances , and rules. Consultant wi:: deliver the ~I to ready for future park developrr,ent and provide copies of reports , inspections, tes ts, r other documentatio n conducted d uring the course of performance . "Complete Demolltlon and Di sposal of the building " Includes re moval of th e entl, existing foundation below g rade . 5 SPEC IA L TERMS, IF ANY Major Environmental Serv ices, Inc . ag ree : to del i ve r the silo , re ady for f uture park dev elopment, al a cost "Not to Excee d " Sfr,,982.00 . 6 . MODE OF PAYMENT Payment to Consultant will be made by chock . 7. PAYM EN" SC H ED UL E Ci ty will pay Con sultan t for the work in accordance w ith tlu, fo!lowing payment schedule. All payments to Consultant arc contingent on Consultant's sat isfying th e Deliverabl es/M ilestones set forth in the Payment Sched ul e. Paym ents s hall be m ade upon City 's written confirmation to Con sultant that th e Deli verables-Mil es ton es have been sati sfied . 15% ($10 ,047 .30) is du e upon awa rd for m obll lzation . The bal ance Is du e LOp o n co mpletio n o r as appro~e d by the City. Paym e nts will ti e made per Sec ti oP 4 of t~e Profe ssiona l Serv ices Agr eeme nt. 8. SC H EDU LE ANO P ERrORM /\NCE MIL ESTONES Performance MIies tone Begin Permitting Process Co mpl ete Project Re 5punsi bl e Party Major Environmental Major Env ironmental Targel Data 14 days from Notice of Award 6 weeks form Notice of Award Extensions m ay be granted for unforeseen delays pe r Section 3.(b) of the Professional Services Agreem ent. 9 . ACC EPTANCE AND TE STING PROCED URES Consultant will obtain final acceptance by required State and Loc al Ag encies . 10 . LOCAT IO N OF W ORK FACILIT IES Sub s tan tially all of the work will be conducted by Consu lt ant at the worksite and at its regular office lo cate d in Golden, Co lorad o. Consultants and subcontractors may stage equipment at the worksite (propose d staging locations must be approved by City staff). IN WITNESS WHEREOF , pursuan t and in accordance wit h the Professiona l Services Ag reement • be tw ee n th e pa rti es hereto dot ed _______ , 20 _, the parties have executed this State ment • of Wo rk as of this ___ day of_____ , 20_. CITY OF ENGLEWOOD, COLORADO By : ___________ _ (Signature) Ri c k Kahm (Print Name) lltle : P ub l ic Wo r ks Directorc Date: 11v1 ~o r t N~ 1,c n l'\'-'I v1n,1 ... .S2eu, I !'l(.. ::m~wi,~illL---- .'J .. , (,, /~i;.:••lut t'\/1\1 \)( Tith,. -~(-"~>_1_~ __ ,_-_I ______ _ Dote : _ __..~4 (-'?(--l-'-1--"-Z... _____ _ •