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HomeMy WebLinkAbout1999 Resolution No. 076RESOLUTION No.'Zk_ SERIES OF 1999 A RESOLUTION SUPPORTING THE ENGLEWOOQIMCLELLAN RESERVOIR FOUNDATION'S DEVELOPMENT OF THE FOUNDATION'S PROPERTY CONSISTENT WITH THE APPROVED DEVELOPMENT PLAN AND THE ADJACENT PROPERTY THE RESTRICTIVE USE AGREEMENT. WHEREAS, the Englewood/McLellan Re ■ervoir Foundation (EMRF) waa formed to overeee the development of the McLellan Re ■ervoir property ; and WHEREAS, the EMRF owns approximately 100 acres of the 500 acres that are to be developed adjacent to McLellan Res· ,rvoir; and WHEREAS, the imposition of covenants or wie restrictiona on all lands within the development area will ensure a consistent high level of d•velopment ; and WHEREAS . these wie restrictior.B will provide even greater protection to the McLellan Reservoir's water quality when compared to development without the restriction; and WHEREAS . these restrictions will create and mabtain a greater v,:ue Cm· the land that in tw-n ensures a long-term income stream to the City; and WHEREAS, the Englewood Utilities Department retained THK Aeeociatee ae a consultant to review the restrictions; and WHJ,;REAS , after review THK Associates recommended approval of the "Restrictive Use Agreement"; NOW , THEREFORE , BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ENGLEWOOD, COLORADO . THAT : ~-The City Council of the City of Engle wood, Colorado , hereby supports the "R< .trictive Use Agreement, attached hereto as "E"'1ibit A". ~ Thie resolution of support in no way waives or delegate, the City's regulatory powers , duties anr respo~sibilities with respect to zoning and govert...11ental issuea. ADOPTED AND APPROVED this 6,.day of July, 1999 . ~ ~j.t1k. ~.~✓ Lcucrie~Ja A. Ellie , City Clerk . \ l. ....... ,._ ... ,Q.C,,~-... ~~-.. above ii a true copy of Rllolution No.~ Seri• of 1999. ~ -d Low:riahia A. Ellia ~ • • • • _______________ _..tSpaq....,z..<>A,.,bov""'e For Jir;tMdt('s Y•) Al\er Reccrdilll, Re111111 to: Shea Roma 300 West Plaza Drive, Suite 300 DisJllands llaDdl. Cokndo 80126 Aaemion : Legal Dcparancol RESTRICTIVE USE AGREEMENT (Hiplands Raach 8UJiness Park) DouaJas County. Color,do A TABLE OF CONTENTS I . O1:FINrTIONS .................................................................................................. 1 I.I ~neril ............................................................................................... l 1.2 Jig Box Rtuil Faciliry ............................................................................ I 1.3 Business Park .USOCialion ........................................................................ I I A Cenier LLC Property ............................................................................ I 1.5 Community Association .................................... ~ .................... : .........•......• I 1.6 Communicy Dc<:ianri011 ........................................................................... I I. 7 Developunt Guide ............................................................................... 2 1.8 Ellglewooc1 .l'OWllbllCD ............................................................................ 2 1.9 Englewood Foundation Prop,,rty .......................... . ................................... 7. 1. 10 Excluded Property .............................................................................. 2 1.11 E.-wting PSC Gas Transfer l'acilicy ............................................................. 3 1. 12 Highlands Ranch .................................................................................... 3 1.13 I.aw .................................................................................................. 3 1.14 Luctnt Boulevud ............ ~.• .................................................................... 3 I.IS Owner ................................................................................................. 3 1.16 Pan:d ................................................................................................. 3 1.17 Person ................................................................................................. 4 1.18 PA 76 Zone B Poni011 ............................................................................ 4 1.19 PA 78 Nonhenl Ponioa ........................................................................... 4 1.20 PA 78 Soud!em PoniOD .................................................................. ····•···• 4 1.21 P,.. 81 Zone B PoniOII ............................................................................. 4 1.22 Plau Dctd ........................................................................................... 4 1. 23 Pla1.a Proper.y ... .. .. .. . .. .. .. .. .. .. .. .. .. . . . .. . . .. .. . .. .. .. . .. . . . .. .................... 4 1.24 Record ................................................................................................ 5 1.2.5 Res idenrial Plannin& Area ........................................................................ 5 1.26 Restric ted Property ................................................................................. S 1.27 Restrictions .......................................................................................... 5 1.2$ Restrictions Te1111 ................. ..... ........ . .................................. 5 1.29 Review Committee ................................................................................. 5 1.30 Shea ........................................................................................... : ..•.... 5 I . 31 Shei Enforcement Perioc1 ......................................................................... 6 1.3 2 Shei Property ....................................................................................... 6 J .33 Subassoci.l tion Declmtion ........................................................................ 6 I 34 Zone A..... . ........................................................ 6 1.35 Zone 3 ...... ................... . .......................................... 6 2. C.F.NE~L .. ... 6 2 .1 PUlJ>O•• of Aareeme n<.. ......................................................................... 6 2 .2 Decwauoo . ..... ... ............. .•. .. . .. .. . ... . .. .. .. . .. .. . .. . .. ............................... 6 2 .3 Interpretation and P.elallonship to Ocvelopm<nt Guide ...................................... 7 2 .4 Relarinn,hip"' l'>l>ua!as County ~lopment Requircmeni, .............................. 7 • 2.5 Plalllling AIU Legal 06cril)tioas .............................................................. 7 2 .6 Tenn of A;mu111:D1 ................................................................................ 8 DUf\M..:\SltiN\[ ltA.7nAc::uVd ·hJ Of/111/ff .j . 3. USI! RESTRICTIONS ......................................................................................... 8 • ;./j 3.1 Gener.II ................................................... : ........................................... 8 3.2 U,e Resuittioas Applicable lo Zollll A ........................................................ 8 3.3 U,c Restrictions Api;licablc IO Zon. B ......................................................... 9 3.4 Use Restrictions AP,iicable to Plaza Propcny .............................................. 10 4. DE',ELOPMF.NT STANDARDS ........................................................................ 10 4.1 4.2 G,m,ral ...................... . Standal'lls ........................................................ 11 .................................................................... 11 Uf 5. SIGNS II S. I ~esui ctioru on Si1ns............. . .. .. . .. .. .. .. .. . .. .. .. .. .. .. .. . .. .. .. .. • .. .. .. .. .. • .... .. .. . .. 11 6. ANNEXATIONS OF ENGLEWOOD FOUNDATION PROPERTY TO COMMUNITY ASSOCl>.TICN AND BUSINESS PARX ASSOCIATION .................... IJ 6.1 Definitions ID Suba:lsociation Declar3tion .................................................... 13 6.2 Anoe ,a1ion or Englewood Foundation Property to Community AS30Cialion and Busine,s Park Association ................................................................ 13 6.3 A.oue><td Prop,,ny ................................................................................ 13 6.4 Tllll! or Aiui,xation .............................................................................. 14 6.5 TC311Sfer or Interest .............................................................................. 14 6.6 Manner of Annexation• Supplemontal Dec ia· .on., ...................................... 14 6. 7 No Participation in Recreation Cosr Cemer .. .. .......................................... 14 6.8 Only Commei.ial Sites ......................................................................... 14 6. 9 Dclega1e Districts .. .. .. . .. .. .. .. .. .. .. .. .. .. . .. .. .. .. .. . .. .. . .. .. .. . ............................. 15 6 . 10 Community Assoc iation and Business Park Assoc iation Property ....................... 15 6.11 Common Arc!I and Opcn Space .............................................................. 15 6.12 Use of Community Association :ind Business Park Asso:.iatfoa Properties ............ 15 6.13 Evidence of Shea Acc,:p1:111cc and of Compliance .......................................... 15 6.14 Complioru:e with Op•n Space Rcquiremenls ................................................ 15 7. MISCELLANEOUS .............. .. .. ............................. 16 7.1 Amendment and Termin:ation.. .. ................................. 16 7.2 Notices ...... ............ .......... ....... .. ................................................ 16 7. 3 Penon., Ent11led 10 Enforce A~=menl .. .. .. . .. ....................................... 16 7.4 Viular ions Constitute a Nuisance ...................... 17 7 .5 Remedie, Cu mul3tive . .. .................................................... 17 7.6 No Implied Wo ivm ..................................... 17 1 .1 Co,u ;ind AUurneys· F,:cs . .. .................................... 17 7 .8 Liherol lnterpn:121ion .. .. .. . .. ....................... 17 7 .9 Go,emin~ Law ............. .................. .. ................................... !7 7 .10 Severnbility . ............... .......... ........ .. .................................. 17 7.11 Number :Ind Gender ............................................................................ 17 Dl.H\NlklS1a\DYxl'Arna.stU..C•bl 116"'7"' -ii- ,.12 Capaaualladillp .......................................................................... 11 7.13 No 11&ird·Plny Sealftciuioa .................................................................. 13 • 7.14 .Limllld~011Trudir .................................................................... 11 7.1, Estappel Ccnlllcala ............................................................................. 11 TABLE OF EXHIBITS Eldllbit A -ltaotlllion of SuPflOlt by Elialrwud City Council Exbibil II • Lqll DncripdoD of E.:lllded .Ptopmy Exhihil C • IApl Oescriplioa of ExilllD& PSC Gu Trwf'er Facility -Ill- em A-1 B-1 C-1 RESTRICTIVE US£ AOREEMDIT (lii&~l&."lds Ranch Businm P:tr!r) This Rcoc.lc ti ve Use Acrcet:1ent (thi! • A~reement ') is lll3de and is effe,:tive as of the wiy or _______ , 1999 (the "E~ve Date "'. by and illllong SUE.'> HOMES UlnITED PARTNl::lt.SliJP, • Colitbmio limited partne:lhip d/bia Sbii-~ HOllle! ("Slle&"), whose addiess is 300 We .It Plaz~ Drive , Suite 300 , Hicblantl:i Ranch ColorlC!o 80126, (Fax No . (303) 791-8560). HIGHLJ.INDS RANCH SHEA CENTER . LLC . a California lilrited liabiliry compLl)I ("C•IIICr LLC"), wbosc: allures, is 300 West Plata Dri ve, Suite 300 , Hl,lhJ&nds Ranch , Colmd~ 80126 . (Fax No. (303 ) 791 -8560), .PLAZA DRIVE PROPERTr.15 , LLC, a Otbwarc li,1111ed liabilily company ("Plaza"), whose adcil'eSJ is cl o Pimey Bowes Capilal COfPOrad011, 27 Ware:view Drive, Sbel104. ConnecliC'al 06484 , (Fu No·-,-,-,=:-:---=--:-~• w1 ENGLEWOOD McC L ELLAN RESERVOIR FOUNDATION, c Color.ido oooprofu corpor-•tion ("Enslcwocd Fow,Qtion "), whose ;cldrg is 3400 S®tll Elllti SUN!, Enclewood, Color,, 301 10, (Fax No . ______ _. I. DEflNITIONS 1.1 Qeneru. E1tept as die conte,1 othe rw ise requ ires and unless otherwise e.'lpressly provided bemn, the capualizetl llOrms ill this A1re:ment shall have ~.e same me:mi.,i as any similarly C,1picllizcd tenm defined in Ille Development Guide . The following words and phrase> when used in this A1re,,m,nr shall have the meaning herein.fu:r spec ified . 1.2 Big Bo! R.."lail Facjljtv . "Bis Box Re!ail Fadi1y " shill =.w • sil:gle tenant retail cull'.mert ial store containing ~.000 or m,:,re square (e:1 of gross floor area . 1.3 By,jgess Parle Assocjarigg . 'Businels Pule Assoc "1ion ' shal l 111n11 Highlallds Rauch Busil:ess Park, Inc ., • Colorado noir;rofil corporation, iu suc:csson aD.<1 ... igns, est1blwie:! in coonettlon with die Submoc:iat ion O.C !3r.ltion . I 4 Cen1er LLC Property . Teater LLC Prope!'T'f' shall mean !hat certain portion of Highland& Ranch which is more particularl y de1crib<d a.s Loi 435A , Highlands Rauch Filiuc No . 134-A, 211.J Ameudwcu1, Cuuuty ur Dw1la.s. Swe of Colorado , accon!iug 10 11w Recorded piot lhereor. As of lhe Effeotive Date . Center LLC is the Owoer of Ille Center LLC Propeny . I .S C,,mmuniry Asso,;ia1ion . "Cnmmunity Association -~ mean Higb~ds Rauch Communil)I A...cc:iation, Inc .. • Colorado nunprofit corpor.ition, its sucmsors and assigns , e.cibli>hell in cuMection with lhe Community I>ccla ration . t.6 Community Occ lwcio n. "C om.-nuni1y Dr.lomion· shall mean lhe Communiry O.clu:11ion for Highlands Ranch Community Associar inn , Inc . <bred September I, 19111 , lle<ord<d S"J1tember 17, 1981. ii: Book 4;:1 t,,,¥inning at Page 92 4, as !he same may be amended from rime ro time . 1.7 !)eveJopmear Gu ill~. ·0e,·dopm.:nt Guide " sha ll = lhe Plaimed ColllllWn iry Districl Developmenr Guide for the New Tnwn nr Hi&hlacds Ranch as apprnved OUM,blic\S&\l),1<PA7711alhd:-U Q61U'J , ,1 ScplClllber 17, 1979, by rJie Board of Couaiy COffllT.issioam of Doucw Couaiy , Colondo. 111,;ordcd Ocrobcr 25, 1979, in Bouk 373 t.alnning ,1 Pall" • 87, as w Development Guide may ba•• baa ....i llctcafll:r may bo 1IIIICDdcd ftom ·..imo to limo,. 1.8 Englewood E~undation . "Englewood Fuuodation · slwl me:m Eaclcwoxl McC!•lbn Reservoir fooad,non. a Colorado nonpmli1 corporalion . Tho E111lowood FOWldatioo is • Coloi.do nonprofit corporation l'ormetl by the City <>f Englewwd. a Color:ulo mwucipal corpurJtiun (lhc "City of Englewuud") io own and dtvelop Ille Eac lcwood Foundallon Property . ao.l to enter iruo !his Agm~nl, all a,; is tv idcnced by die Resollllioa of Support by lh• Ciiy CouiK:il of Ille Ciiy of Enalewood wl1il:h is attichcd hereto as allilliLA •nd incorpomed by n:fen:nc: herein . Whenever reftl'tllCe is m3do to Englewuud FoundadM w this Agm:meat, the reftret:cc shall be llc:emed to include Englewood Fowulatioa·• suCCflSOn aDll J.ISi(llS as die lfflllS • succusm and assigns · are limiled in this Section . A pony sball be de,,med • ·s=essor" or ·assign" of Engkwocd Foundation only if spec ifically desiplld in a wrinen and duly R«:nrded innrumenl., a sw:a,ssur or usi11n of En1lewood FOWlllalioa IIDller lhis Aarecmcnr, 111-:I shnll be deemed • succem>r or ,ulan of Englewood Found•~on Wider this Agreement only as u, lhe panicular righr. or iru&:~r. of Eng!e•NOCd !'ow:doricm ullJc:' this Agreement , and/or only with ,esp,,,:r to the ?lrticulnr portioa of the EneleWood Follllllanoa Property. which are spccific•IIY desianarec in su.:b insuumen1 and then lllbject 10 5l!Cll limiutiom and rcmic~ons as shall bo set fonh ;a ,uch instrun:eot. except lhar a pany .1equirina all or ,ubsriatlally all of the ri1h1. title and intelCSI of Englewood FoW>dotion in 1111 ErJslcwood Foundation Properiy (or ,emaining portion lhereol) upon dissolution . by operation of law or by oeh« involunwy 112nsfer. shall auromatiC21ly be deemed • oucce,.or a.ml assign of Englewood Foundation under this Agreen-cn1. Notwirlutaailins the forcJoina, however, any tramfer= of any portion of the En&lewood Foundarion Propeny from Englewood Fow:darion shall consllture lhe Owne: of such l"'rtion !lerouoder :IDtl SU<b transferee, ir. rucce,so11 and assisns, shall baYe lhe rigbcs of an Owner ru,rew:der allllo ·igh it dces nor constitute a "successor" ct "wisn· of Englewood Founda!ion for pul\'oscs c' this Ac=en1. 1. 9 Englewood Found•t jon p,opem . The "Engl•--w<l Fourulatiou Property " wll mean those cerwn portions of HighlandJ Ranch which are deftnec1 in the De-,e!oprnenr Guiuc: ,,; Planning Am 81 and Plannins Area 85; provided, llowever. thar the Enclewood FOOllllatioll Property (and the u:nn "Planninc An:a 85" as used in this Aar:emcnl) shall ,utomatic:llly be dcerned u, exclude, effective JI of the dale of the dedic31i 1Jn or conveyance of such ri&hr-of. way, aoy portion of Planning Area 85 which is located w,:sterly of the umlly bow1dary of !he righr-of-way fur any ~=;_Jn of Pbz.l Urive wilich here,,l'ter may be conveyed or dedicared tu Douclas Counry or any r,ther govormnenr:11 or quasi-ao•ernmcnral entiry as a public rigllr-of- way . A• of the Effcc1i v•e Dau:, En~lewood Founda uon is the Owner of tile Englewnod Foundation Property. 1 10 f.:lclyucd P;pPl'rty , The "Excluded Prope rty· sh,11 mean rllose cer.;un purrioos of Hi&hiands Routch wh ich arc more particularly de,n;iibed in Exh ibit B attached hensto ~ incorpor,tcd by reference herein and which , prior ro the EF.cc ri-. Date , were sold and cunveyed by Sh<• or Shn's predece>sor before: mcrae:, Miman Viejo Compony , • Califor:iia ccrpor.ation . to other Persons ind therefore which art oul :a p11rt or 1.he Restt icted Property hereunder and not oubject Ill the Restrictiom in this Agw.menr 1.1 ! E•isio• psc G1., Tran,fer faciljry. Th• "E.<istin~ PSC c .. Trmsfe! Facility " •hall = the naltlr.ll ,.,. facility wb!Ch, o.s of the Effective Dote , i.s lcca1e<! upon lh.i c,ori.in OUI\P'libtk\SllaW.11:l'AT?\AnrtJ,cl(•I\J 06107199 -2· • ponian of the Eicluded Property 1nnre pan icularly described in ~ altllcbed ~.o 111d incorporattd by refemx:e herein . 1.12 W,hlapgs Ranch . "Hig.l!!ands Randi" shall~ dlat ccn:iln re,J proptrty loc:in:d in Douglal COWlty, Colorado wllidl ls 1111/te particularly described as tt;e 'Anneubif Ami" ill ~il.B attXhed 10 the Community Declmrion. l .13 1.1'1!, •t.:iw• shall me:111 all law1. still.tin, ordiua11ces. r:solutions, ord!tn, codes. rulr.s, regulations , judgDll!llts, dcc= and ow, requirements (includin1. willlout limitatinr,, the De•elopmc:11 Guide and requ !,ements under p,trmits . iiceoseJ , coa.seru.~ and approv r~s) of :11lf fcder:il, st.11•. county. city, town or other 1overnmenal autl.ority h.vina Jurisd 1ct iun . 1.14 b!!.c~ard. "Lucent Boulevard " sh.JI mean Wt ~~in public ,u..,t lrcated in Highlilllds ~r.ch kn0',1,n as Lucent llnulevan! but which, before than&• ~f ~am=. was prev,,)Usly known as HiallJands R:inch Boulevard . I. IS Owner . "Owner " shall mean the l'cnon, or if more than one , all such PffSODs cnllecti,ely , who holds f~ simple title oi Record 10 a P•rcel withi n the Restricted Property frcn, time to time, including, without !.imitation . sellers under e:tec:tt ory contmcrs for sale and excluding buyers thereunder and includ inJ . withoot limitation, landlorrl...s uncle:-leases alfectio; • Pam:! within the ~estrlcted Property and e;u:luding tenants thereof; provided, bowevcr, that the Pers0:1 who would otl!crwise constirJte :be Owner of I Pmel ., 1thin :he Reotnctod l'topcr1)' hereunder sholl have the right to a."ign its rights uot!er dlis A1recment with respect 10 such Parcel, on an excluaive balis and In whole but UOI in pan, lD anolher Person who bolds a benet"~·ial intemt in :111ch P•n:el (includi.a~. wiU1011t limit.1tion, to a tenant ct' SIICh Parcel, or a portion thereof or space -,.;,ain any improve= lherecn, for th• term of such tenant's le:lst:) by• written assi&nmtnt a copy cf wh,'11 tw been delivered to the Businesa Park Assoclatlol1 . from atid ofter the date of the Business Park Association·• rec:!pt of such a.uisn=t for die durOli~~ of th• period of such mignme~t. such misr.ce stull be en ti t!ed to the rights of such Owner hereunder and 5UClt Ownor wll not be entitled tour have sU\:h riib1s horcunder as the Owner of ruth Parcel . 1.16 Parcel. "Parcel" shall mean any of(a) th• Sht, Property , (b) the Center LLC Property, {c) the Pina Property, (d) the Englewood Fouodatioa Property, (c) any lot , ·mu:t or parcel of rest propeny within the Remicted Property that is hereafter sold or conveyed willlout viol31icn of any uw pertaining to the subdivision of !.nd as described in the instrument or conveyance most recently Recoril<d, an<l (f) any Int (including without limit.1tiu a, :111y lot which, as of lhe Effective D:11e, wt! within the Shn Property or the Plaza Property) tr.IC! or pare.,,! wiU1in the Restricted Property lklW or hereafter shown on • fin•! subdivision plat approved in ilCCordance with Law (or not requiring such approval) and appeoring of Record, in any casi: not including my udt in a condominium or interval estato ,raj.ct, bur includin& the k. ·, tr.act or parce l on wl:ticb the enr irery of J cond~minium or inre:"'1:1.I e~ute pmject 1~ located. l 17 ~. •PerSuu· shnll 111~au .:auy ind ividual. ~urpvratiun , p•nncnhip (Jencnil or limit«l, with or without limit«l liab il ity), lil:ti1ed liab1h~• cu mp;1ny. e>tate , trust, business trJst, :wocianon or any o.he, legal entity . DUN'\l~k\ShnW•dATTUtntUwit •IIJ 06/07199 • 3. 1.18 PA 76 ZOflf B l'onjon . Tbe 'PA 76 Zou, B Ponion' shall me:111 tb:11 m11in portion or Pl.uuiiiJs A= 76 wworr lhc Development Ouidc whic!I is Jellffllly describld u dlil ponion o( Loc 43SII, lil&lll4llds Rancll, flllq No . 134-A, 2nd Amcndml:nl, County o( D011alas, Staie of Colorado, accon!in& 10 die Recunled plat tbcreof, wl Tra(I 0, .Hiplands Ranch Filing No . 134-A , County of Dou1Ju, State o( Cnlnradn , accnrdlng 10 Ille 'Recorded plat thereof, which is locm northerly of the northem boundary of the ri&ht-of-woy for Town Center Drive, sowherly Qf a line localed 380 te,,1 acrtherly of and parallel 10 such nurthcru boundary of lhe rl&ht•of-wiy for Town Cenier Drive, wemrly of ihe we$1Cm boun~ of Ille right-of-way t\,r Lucent Boulevord and ea.uerly of a line locatrd 380 feet westeriy of and parulel 10 !:lid western boundary of the naht-of-way for Lucent Boulevard. The PA 76 Zoae B Portion is a pan of the Shea Property , the Re>uic1etl Property aud Zone B hereunder. 1.19 PA 78 Northern Pawn . ·pA 78 Nor.hem Portion " sball 111C:in lhat c-ermin portioa of Pi.nning Are:i 78 which is located 110rtherly or a line which is !he northerly boundary line of Ille right-<>f•way for Monument Drive uWlded w,sterly 10 lh• '11$tem boundary or Plannina A~ 78 and e:isterly 10 the eastern bouadary or Pl•nning Ate:1 7~. 1bc PA 78 Northern Ponion is • part of the Shei Property, 1he Rcsuicted Property and Zone A bere-Jnder. 1.20 PA 78 Southern Portion . "PA 78 Soulhem Pomon · $1lall mean rbat certlin portion of Pl.inning A~• 78 which consim of Ille enrirety of Planoin& Area 78 excluding lhe PA 78 Northem Ponioa . The PA 78 S0uthem Portion a a pan of the She> Property, Ille lte~uic1ed Prnpeny and Zooe B hereunder. 1.21 PA 81 Zone B Pqnjon . The ·PA 81 Zuue B Poniou" shall mcar; ~iat cenain portion of Pl•nnina Area 81 under the Development Guide which is aene:ally descri'ied as located northerly of the southern boundary of PlanlliD& Area SI. southerly of a line lo..,,.ted n1 fee1 northerly of and parallel 10 s:tid southern bound3ry of PL1Mina Arn 81, eam,iy of thr e:isic::1 :ioundary of lhc righl-<>f•way fur Luce:tr BouJeYl!rd md westtrly of a line localed 380 feel ,-werly of and JMrallel to said easiem boundary of Ille rigbl-of-way for Lucent Bculevan!. The PA 81 Zone B Portion is a part of the EnaJewood Foundation Property, die Restric1ed Pr~•rty and Zone B hereun;'ler . 1.22 flill.io.Qm!. "Plaza Dee<1 ·-s1w1 lllC3JI lliat certain Special Warranty Deed dalcu May 27, l'l'l'J Rtc0nle.l May 28, ;9Y9 in Boot 171311 Pqe 2333 by which Shea coaveyed title 10 the Plaza Pror-erry <O PIIIZll . 1.23 Plaza Properry 'Plaza Property · shall mc'SII that ccnain portion of Hiahlands Row:.'1 which iJ mo~ particularl/ de!lned as Lots 2. 3 ind 4, Hi1hl:mds Ranch Flllng Nu. 140, County of Dougl:is , State of Colo11do , accordln& to the Recnl'Tffll plat thereof. As of the Effective Dote , Pl:lza ls lhc Owntr d the Plan Prop,rt ~. 1.24 &iRllf . "Record· or 'Recordcll' shall mem lhe fillna for record of any insuument or document in lhe office uf ~"' Clerk and Recorde, of Doualu County, Colora<lo . I 25 RgidcnJi-1 P)annjn• Arn. "Residea1ial Plarulinc Area " shall mean any of Plo Min; Arns: lhrougb 7, inclusive. 20 llnoogh 33, inclusive , 40 lhrougb 59, inclusive, and 60 lluousb 67, incl us iv e, under lhe Developm ,nl Ouide . •. 1. • 1.26 &mm.flllREm· The 'Rtscric1ed Propeny • sbaJJ -· collec!lw:ly, Ille Englewood Foundaliun l'rv!'.etty, th, PlaZ2 Property, the Cenll!r lLC Pn,peny 111d die Shn Propeny : providc<l, !?,;·,.~•er, diat !he Resttic~ Prllp<rl)' 51wl auromadc.llly be dl:effled IV exclude . from time to time, effective u of the d.llc or the dcdkalion or con..yanc:c tbeteof, my portion of me property initially defined bcrein a, a pan of Ille Rcsnicll:d Property wmcll portion is lledlcoied or conveyed to any sovenur.oal:ll or quJS,-govemmenlal entity (lncludlng, withou1 liruiia1ion, Dougw County or JOY Highland$ R311Ch )tle :ropoliClll OiJaict) a, i ript· of-way for public use .s a =II or street 1.27 ~-'Restricnons " shall meon covenants, conditions, restricllons , limitations, rc,crvations, C:\C..ptiuru; 1nU 1.;quit.lble ser,irudes :.affi:1.:ti t11 ml propierty . I.ZS Resmcuons Term . The "Restric:io ns Tenn " shlll mean the peciod commencm1 on the Effective Date and ll!rminatin~ on the dJ1e which Is 20 years ar\er the Effective Dall!. 1.29 Review Commjttff . "Review Commmee · sh a!: mt!'.11! the Rev iew Comminee established @der Article VIl of the Subassociation Declaration . 1.30 ~-"She>' shall meon Shta Hor::es limii..J Partnership , 3 C:ui!ornl• limitrd parwrsl!ip d/b/a She:i Hot ,ICl . \\lbenever refere:1ee is :ruid• tu Sh•• in t!ii.s .-\~rc:emcnt, die referaice s.'lall be deemed 10 include Shea's suc;:essori and assigns as the terms "511c:cessors and assiaos · are limited in this S.Ction . A pu:y shall be deemed a "succmor" or "assisn· of Shea only if specilicilly dniill&ll'd in a wriaen and duly Reco rded insm111rnt .s a successor or assign of She• unJer this A&cccmcnt , and shall be deel!ICd • 511,cessor or ... ign of She,i under !bu Agreemen1 only as 10 the panlcular ri&hlS or interests or Shes ur.dor Ibis Agreement, snd/or only with respe-.:110 the particular portion of th,! Shea Property, which are specific,Jly desi,nared in sue.It imuument and then iubjcct 10 such limitations and resaicions as shall be se! form in such insuume111, except that a pany acquirins all or 5"bsiantially all of the right, title and interest of Shc:.1 in HigbJam!J R.uich (or remaining port ion thereof) upon dmolution, by operanon of Jaw or by other illvOlunwy cnnsfer, shall automatically be deemed a successor and assi .Jn of Shea under !bu Agreemec1 . Nocw ithsrJnding ~'I• foregoing, however, any cr•nsferee of any portico of !he She:, Property from Sheo sh.111 con,iirutc the Owner or such portion hereunder and such tr=fer=, iu s~cc•ssors and as.s;gns, shall have the :igbll of :an Owner llereundec altl1ouah it docs UQI coustirute a ·succes30r" ur "asaign" of Shea for purposes of this Aireemcnt. I.JI Shea Egfo(smal P<riod . "She:i Enforcemm Period " shall= !Ir pcri•'ll of time during which Shea . ii. succeS30rs •Dd ll:ISigru . shall have tl1e right 10 coforte the Restrictions aad other provisiom coatainod in this Agreement as prov ided in Section 7 .3, which period of time shall commence on the Effective Dore and wh ic.': shall expire on lhe earlier of (1) the date upon wh ich Shea shall have sold •od conveyed lh• last lur, troc t or othtr parcel or re:al property owned by it in Highlands Ranch . or (b) the o.,pir:ition of ti1• Restr ic:ions Te:-m . 1.32 Shea Prgpsqy . The "She• Propt:ny· sbaU mca u tl!Ose ccrwn portions of Highlands Ranch which u: dcfinlld in the Development Guil!e as Planning Are:is 76, 77, 78 an~ 80 . excluding , however, the Excluded Prope:-ty , lh• Cenl<r llC Property and the Plaza Prope rty. As of the Effecti ve Dale , Shea is lhe Owner of the Shea Property . DLII\Mk'.lllc\llYxPA77\RalUld:-bl OII071'l'J . '. 1.JJ Subwgcjaljon Declat1tioo . "Suba.unc:iarion D11:1.1tad011" lllall 111n11 dlo S..bassociati,Jn Dccllndon l'or ffiablands Ranch Business P:ark, lac., d:lied FebNu1 14, 15119, Re.:orded February 21 , 1989 In Boole 841 at Pa1e 111$, u 1111e11ded by die Amendmlnn of Subassoc ialion Oeclanliou for Hi&hwids ~h Busialu l'lrt, \'ac., daft Jure 7, 1990, Recorded June II , 1990, in Book 916 •t Page 49. and as the sair.c may be further ameAded from time ID time . t .34 ~-·zone A· sball mean llm c:1'131n portion of Ch• Roslrii:lcll Propeny consis1in1 uf: (a) Planning Am 76, exc !udins !he PA 76 Zone 8 Punion: (bl PlaooinJ ,4.rea 77; (cl Pl•nn in1 Area 81. excluding !he PA 81 Zone B Ponian : (d) Plllllllin& Am 85: and (e) lhe PA 78 Northern Portion. 1.33 Zwl£.j. •zone B" sllall mean lhat ceruin ponion of lhe Rcslricted Prcpert)' consisting of: (a) Planning Arca 80: (b) lhe PA 78 Southera Panian : (c) !he PA 76 Zone B Portion; and td) lhe PA 81 Zone B Portion . 2. ~ 2.1 Purpgs gf :'l•m;mem . The put?<)se ~f :his A&reemenr is to impose cerniin Restric :ions, (a) u a part of, punuant 10 :u.d in further:inc: of• common and genenl plan le develop lhe Resttictcd Proper!)' for the PIIIJlOZC of eahar.c:ug oDd prote1:ling lhc valu~, dcsinbilil}' and allrtCtivenns or Ille Rcsulcu:d Property, and (b) 10 rcsrrict certain uses or, and 10 require the idberence to c:rwn development sundwls in the improvement 311d developmeat of, !be Restricred Property in addit ion 10 Ille Rcstticrions and development !Wldards applicable • ro the Restricrcd Property under the Devclopmenl Guide . 2.2 ~-~'hn {with rcspe,:t 10 the Shea Property), Center LLC (with respect to the Cenler llC Property), Plaza (with ICSFCt :o tl1c Plaza Property) and l:aglewood Foundation {with rcspecl to the Englewood Foundation Property), e:,c~ hereby declares that the portion of the Restru:led Property owned by suc:h mpective pany snit be owled, held, rr.wferrcd, conveyed, sold , leased, rcnzd, bypotbecated, CIIC'Jmt.ered, used, occupied. mainraincd, altered aoc improved ll all timts subject to 11:e Rcmictions set f'ortb in this Agre,:ment , for !be Restrictions T•rm . ~ Rcstricnons ,nd other prcvi>ioas of this A~ment (a) are imposed u equiuble scrvilUdes upcn th• Resttic:ed Property a,; a servit:11 tenement tin !be benefit of eoc!I Parcel wilhin die Restrictr ~ Propc:r:y as a dominant ~u. (b) are intended to and sllall run with the title ta !he Restricted Property , until lh•ir •"!,inlion or a:mlination in accordance will! lbe terms of this Aarc,,mont , (c) shall bind and \,e a charac upon (i) !he Restricted Property , and eac h pan and Pucci tl:ercof and (ill Persons owrun, any righ~ title or interest in the Rcsttictcd Property and !heir be i.s. personal representatives, suc:cssors il!ld ..sians; :tnd (d) s~I inure 10 the benefit of {i) all of the real property within the Resttictcd Property and eacll pa!I and Parcel tberoof, (ir) e:u:.IJ Owner of any Parcel within lh• Restricted Property :tnd tl1cir heirs, personal rcprcsenmlivcs, suc:ossors •nd as,ign.s, (iii) lhe Business Puk Association, ;Ind (iv) Shea and its successors •nd :i.<.s ign,. 2.3 (gterpret1tiqn and ReJarioaship tQ Development Guide. Thls Aareement is intcndod 10 supplement , bur not 10 amtnd or supersede , tl1c a:rms :tnd provisioas or lhe De~lopment Guide, which i$ and sh&l.l remain in full fon:e and offect in :iccordaace with its • tenns and provi:lions . fhi:I Agreement imposes Rertrict lom upon 1he Restricted Prnperty which ill c:ertlin respects are more restrictiv e th.in ceruin provisioru :&pplioble co the Resttkted OLH\Nlk\Slmll)"i;rATl\-,b;J _,,,_. -6- • Property ,a!I forth in lhe Oevelopmen1 Guwe. In Ille evim1 lha1 there I.! :111y conllicl bllWCCII die Restrictions comainod in Ibis Agreemelll illld lilt: Resttictions coniained in Ille Oneloplllllll Guide, du: 1110re restrictive Restt1ctioas shall conuol. Additionally, nothing herein sblll prevent the IDlpOSilion of a.Juilional and mon: restrictive Restrictions upon any purtiun of die Rcsuicted Property by lhe Owner oi ,uch portion in aa:ordaace widl :he requirements o( applicable Ltw . iacluding. wid!ou1 limiiarion. pumw11 to any deed by which such portion may be convcy..-d b)' ,uch Owuer . 2 .4 Relatjonship 10 Douglas Cour,iv peve!opmen1 Recuiremenu . Nolhinc In dtb A~reement shall be cons1rued to limit . mod ify ur abrogate any Law which othl!l"Wi.!e applies to the use, ,wvolopmen1 or improvemeni of !he Ros1ticltd Prope:t ~. including. without limitation. lhe Douglas County Zoning Resolution and the rcquireme~t ther01. n~e: lhot lhc Owner of 3 Pmel wilhin the Resuic1eu Property obtain Oouclas CUWJly', •;pro•al ~ra site impravemrut plllll in order to proce::d with the development and improvctnem of such Pa,,:cl wnhin !he Re.,lricled Property . U PJannipg Am Legal Qmrjp1jun.s . Portions of !he Resuicred Propcny an: de$c:ib(-d herein a. par.icular Planning Ac--...lS as defined and prov:c,,.~ in !he Development Guide on lhe Effective Dare. The bouadaries of Ille P'..n.'lUIJI Ar.-JS within !he Re.wiclcd Prcperry under lhi3 Agrttment shall be :IS the same exist under !he Oe •1 elopmeat Gulde on !he Etrcctivc Oaic (as !he same ,my be modified pursllAlll 10 !he "Bcur.car1 AdjU1antnt Proc:dun, • as hereinafter def!DO<l), norwilhstall<lin¥ ;wy c!w1gc in the l<JC31ion of any such boundary (other 111:lll any such cb4n&e pursu,.n110 Ille Boundary Adj~s1men1 Procedure), or any change in the Pl11111in1 Area desi1nalion of any portion of Ille Restr.c ted Propc."tY. OC1.,uring after !he Effective Daie pursuant lo an amendment 10 the Dcvelcpn:e~t Guide made after the Effective D•;e . Section V G of lhc DcveloplllCfll Guide specifies n:ore panicularly tlhl boundaries of a particular Plannin& Arca aod set! for-.h a proc:dure for more part:cularly refutioe the boundaries of Pl11111ill1 Areu (!he "Boumury Ad,ius:me~t Procedure"). The boulldarics of tbe Plann ing Areas which are a part of Ille Rcmic:ed Property herew,der shall. notwitlutnnding the foregoing, be as the same m:iy be defined aod refined from tu'IC 10 drne puuuant 10 lbc Boundary Adjusuncm P:oc:dure. 2.6 Term of Agre;,ne;it. The Rcs11icuons contained 'n ~'m Agreement shall be elfcc1iv c and apply 10 the ~c:-.ed Property only for lhe dur.11iuc cf the Restriction.! Term, except as is otbcrwi.!e provided in ~ and ~ ,nu as i., ~ereinafter provided wilh respccr 10 the "Continuing Use R.esirictions . • as bcre:nafrer defined, 111d subj.:ct 10 early termination as provided in ~-After lhe expiration of the Restrictions Term, the Res1ricrions (other lhan the Conlinuing Use Re.irictions) :lel forth i:1 this Agrecmcm shall no long<r be of any further force or effec: or apply to lt.c Res11ic:e:! P:-opcny. and lhe Rcsiricted Property , and each portion thereof, may be usd for any purpo,e. other !han rnidc111i1I dwelling units , permiacd unde r the zoning applicable thm10 3'I !Cl ~orth in the Development Guide (!he ·continuin1 Use Restrictions '). The Conlllluing Use Res:ric tions shall be perpetual 3. USE RESTRICTIONS . 3.1 ~-From and after !he Effective Dace u.itli the expiration of lhe Rc,uiclion, Term: Dl.Jf\.'utli c \Shc:a\lh1tt"A 77\lnrUKK-nJ t16101191' • 7 . (a) Any atw buildiaa or ocher IU1iCluni builr upon sny Pan:el •ilhin tile Restticlal P!opcrt)', 111d any Pan:i:I wilhiD die Resiricted Prcpmy, m:tY be ued; (b) ·n,e II.IC of any existing buildln1 or fflUr:tun! upon, or 111y l'llwl widlin the Restricted Prop,m :. may be chanaed or extalded; :11111 (c) Any existioa building or otber suw::ure wirhin the Resuicted l'ropcny may be ealar&t:d, rec:onstrucll!d, sttucturJ.lly altered, convened or relocated; For any pwpose permitted or required by the provisions of rhis Article JU applicable ro Ille paniculilr area of die Rcstticred Property in which such building , odler scructuni or l'l1rcel is loe21td. and for 110 olllc: purpose . J.2 Use Resilitrions AppHqbje JO Zor.; A. The :,ortion of the Raaic1ed Property locaml wilbin ZOIIO A may, except as is olherwi,e hert inafte~ provided In S<cdun 3.4 widl respect 10 the Plan Property , be used for any uf ihe following purpo,.., bu1 for ao ocher purpose. duria& the Resuictiom Term: (a) Administr•tive Offices md Professior.al Ol'fice,; (b) Service Cumnrrcw, primarily to serve rhe employtt, In the Kmtric=I Property including, bur nor limiled 10, restaur:11115 (e:tcludina drive-throuah facilities). banks. barber shops, cle311trs, recre,ti011 litcilirics. and day car: facililies: (c) Ho1:ls and Moreb; (d) Public and quasi-public buildings an~ structures . includiaa, but not limited rn : police stations, tire stations , libraries, public rctr:11i011. and crrcrpacy can: f~ililies and, except as otherwise he~iuafter provided, Public Utilities ; excludiD9, however, Public Utilities (other than any Public Utilities in e,cisrem:e as or the effective Dale, including, without limilation, the E:<isting l'SC Gas Transfer Facilir/. which arc and shall be permitted) lllat arc above gr:idc builwngs or strucrum not 111Ctmary to serve properties located within a radius of 1,500 feet of such buUdina or suw:rure; l•l Transi1 facilities or other fusiliriC> uc,i~m:u w <Dh1111.-. ciac use of public (f) Accessory Buildin11s :ind Accessory Uses primarily 10 serve die omployees of a building or Project within rhc Reroic:ed Prop,:rty with • use ulhcrwl,c pennincd hemuider, including bu1 001 limircd 10 luncllroom . e3fen:rfa and r:cr:aliorw f~illti•• oot intended for public use; (11) Sigm, aa set forlh belol>' in Ar1icle ,; •nd (b) Off-s=1 parking as pruviucd in 5e£1 inn XVI of Ille Development Guide, excludin& free sWlding p:irking srrucrur:s ch:11 arc nc1 associated with a use OUll!rWisc permined under !his Agreement. DUlll'lllllklSlla'.0ncl'ATl\ll,s&UsdC-lll 116111719') • • • 3.3 Use RHtrictjons AppJi.;\ble 10 Zone B. Tbe poc;ion of Ille Restricted Pmperty loca~ within Zone B may be uoed for any of Ille Collowiac JIWPOHI, but for 110 ocher purpose, durill& rllc RestTictlons Term: (a) 5'ieruillc and applied n:scareh. developlllCIII and resrina: and similar non-offcasive llshl indllslrlal = related IO Iha fabr:;aiioa and processing of products and ma11:rials fur experimencal purposes; e:u:ludln&, however, tile manufactlll'e or ;membq of products for sale and excluding my operallon lhat emit.I dust, smoke, tlllncs. 1as, noxillus odors or noi~ beyond tbe boundaric, of lbc Parcel opoa which suc!I operation is IOCllted; (b} Administrative Office, ,nd Pro&.sional Offic-.:s; (c} S.rvice Comm,,rcial ind Recreanon Cummertial, pnmanly to s:rve the •111{llnyees in the Restricted Propeny. includin&, but not limited 10, mtauruts (excludin& drive-through fxilities), banks . barber shops, cl..-rs, rec:re21ion facilities, and day care fac:ilitics; (d} Hotel$ and :.toteb: (•l Rel:lil Commercild includinc, but nor limited to, stores £or !be sale of baked &oods, clollllng. nowers, jewilcy, slice,, JPOnin& gUUlb anli tuys: exclwlillg, huwenc, Bia Box Retlil Fscilities and any sexually oriented business; (f) Public and qu.si-public buildin&1 and srrucru~. including bur DOI limited 10: police Slltions, fin: statiom, librvics, public r11:n::ition, and emergeacy =• f2ciliries a.ad, except as otherwise hereinatler provided, Public Utili~; uclucllng, however. Public Utilltie, (other than any Public Utilities in e:tistence u of the Effective Daic which arc and shall be permitted) lhat are above grade building, or strucrures nor n=sary ro serve properties loc:ucd wllhln a radiu .1 of 2,j{)() ~t of such bw1ding or structv.re ; (i) Public and priva11: schools and ie:hnical schools; (h) Transit facili11es or otbe: facilities desianed ro enh=e lhe use of public transh; (i) Automobile Sc:vicc Stations as provided in ~ of lhe Devclopmenr Guide, e:u::pr that pcrmi~ uses in conneetion therewith shall include only lbe sale of pcttoleum products, minor automobile maintenance, associated car wash facilities, incidental food and beverage sales , quick-service restaur.irus , and si~ns; (i) Communiry In!onnarion Ccnr.rs; (k) i\c::essor/ Buildings ,n~ .-.ceess:ir1 Uses, primarily ro serve !he cmploy=s u( • build in, ur Prujc,;r willl • use otherwise permitted hen:undcr. inc luding bu! not limited to luochroont ca(ct,ria and rct=nunal facilities nor inre,idcd for public use; (1) Si&ns, as ser ror111 below in~; llllll DlJl\P\&bllc\Shca\[ffld'A77\RnaU11l,~l OGI07"9 -9 . (m) Off-llrHt parilina 111 provided in~ of Ille Development Guide, e:..:ludina f'rcc scandin& parkin~ scrucrures that :ir1 DOI wocialCd with a use Olberwue pcrmined under Ibis Aarec=r. 3.4 Use Re,,crlCJiqns AQl'li;ahlc tq P!m Progeny . The Pim Property may be used for any of die foUowina purposes, but for no och•r purpose, during Ille Rattli:liOIII Tenn: general business and adminimative offl~ purpose~ iusedicr with such Mlditioaal rnlOliable uses as are customary in comiec:tion wilb, or ilM:identll 10, general business and admlaillrallff office"-'"• iucJudin;. without limitation . irainin& :md confere:x:e facilities, product demonstrarion facilities. dccumen1 and araphic production facilities. video prod~tion and broadcast facilltie3, technical Sllpport facilities and d.lca ccnicr facilities; for parking; and for sel"lice commercial wes. includin&, but noc limitl!d 10, financial instllllllons, d.ay = facillt!es, medic;il = facililic1, convenience store, pack:iging and mailin& 5el"lices, printing and reproduc'lion sel"lices . lunchroom, cafeteria , restaurant (excluding drivc-lhrau(lh tllc:ililies). and rc,:rcational facilities providod U..t sw:h Sl!l"lice comm,,rcid faciliti•s a~ intende.t primanly to Kl"le the Owner and tenants of the Plaza Propc:-.y and their n:,p...;live officers. employees, aaents and inviic:s . This Aarecment is iniende<i 10 coo.stl.'\lte • • i<estrictions Apment" for the purposes of. and as provided in,~ <>f Ill• Pim Deed. Conseqven!ly, Ille Restric:iom contained in this Aare:mem :are iulftlded 10, 11vl shall, supercede Ille "Use Llmilations" as defined and provided in~ of !he l'lau Deed and, consistent with ~ of lhe Pilla Deed, the "UK Limitltion Period,· as defined in the Plu:l Deed, uoder said Section I, 3 of tiie Plaz:i Deed shall expire upon the Recordarion of this Ag-reement. 4. DEVELOPMENT STANDARDS 4.1 l.wltw -from and after Ille Effective Dafle until the t lpimion of the Rcsuicrions Tenn. all buildings. s1rucrures :uid Q1ber improvomenrs , including, without limit:uion, the locatioa and bulk the~f. insl311td 11r cOIISIIUcted upon the Resrdcted Pmpetty, shall be in conformity with the standards and requi10menr. se, forlll in ~- 4.2 ~- (a) Minimum Jot ore,: S0 .000 square feet, unless such development is desianed as • Projc<.-i or Project!. and in sucb case there shall be DO minimum lot ma; (b) Minimum let width and depth : 200 fee: (width) x 250 feet (depth). unless -~•ch development i, de.,igned a. a Project or Projects. and in such case ,here sh.JI ii< .,c rcquin.'d minimum lot width or depth : (cJ "!be followin~ buildin& setbacks are required : Minimum buildina Ktback of 30 feel shall be required in areas abutting perimetcr :111d intcrior public strem and 40 feet in ,reas abuning • perimetcr bour.<!aty of the R<srricred P:opetty, provided sur.h setback shall be SO fc,;t wbc:-cvcr any such pcrirne:er buund•ry of the Res1ric1ed Prope:ty obvts, wilhoul street gparation, l Resi,!~ Planning Area or any tlwelling unit in e.\i,1cac. on the Effective nu1c . and provided fi,rther. that with respect 1c a f lag or Panhandle Loi, tile lcn&III of 1h11 corridor or access w,y sl,a l\ be e1.cluded in applying •'\ICh minimum settr.i.:k requiremenl:I lo such Loi. No .1<1t>.1ck shall be required "'1jacent ro pmpeny line, which merely sep-.uate wes within a Project. Cl K\P\&bli-:\Siw\0¥:,c PAT,\lledJd-bl Ulll\'7/90 -10- • • (d) At well Ume u o1bcr Improvements on a p;rricular Pan:el wilbln Ille Rcsuicll!d Property are conscrucled, lana:apiDI Jball be u=llcd alOllf all property Im of such Patee! abullin& Mell IO I depth g( nol lcSS tll:in 1' feet. eJtCIUdlll& tllercftom drimftys, alleys and stree1 openin11. and alon1 all property Jinn 1bullln1 mat ponloa of l.uceDI lloulevw north of the center line cf rt,., risJlt-of-way for Town Center Drive at ils iDllnection widl Lucen1 Boulevard to a depth of out lc:ls than SO fi::t and to• d,-prh 001 less than 30 feet abutti:J& any of Plaza Drive. Town Conrer Drive or tllat ponlon of Lucent Boulevanl ,uulh or Ille cenrer line of che ri1ht-of-way for Town Center Drive at ii> inlmectlon with Lucent Boul•vord . 5.1 Res11•c1ipns nn Sjgns. Th• rollowing Restrictions . in addition to the Restrictions on sigtl.l •ppli.::,ble •~ the Resumed Properly concained in lhe Develop~! C',uitlt , s~ apply tu ihe illscallation and maini=~ of any ollll •II si1ns within .h• Resuictec Property from 3Dd •lier the Effective D?!e 11Dtil tile expiration or tho Restrictions Tenn: (3) The followir.g diuction&l signs for the aid of those 1r.1veJine within Hi&hlands R.inch ate pennilttd : (I) :emporary siam directing I.be public to various model home complexes . sales ortices, leasin& offices, and community l'acililics m pennitt<d for up to 2 y=is after erection (subject to renewal ,~r additional time by the wrinen approval of the Review Commiltcc), prov idtd such si8t1.1 do aot e:1cm 100 square feet in surface =:i per sign face 110r project lliatier than 15 feel above ground level: (ii) Permanent signs dire-:lini the public to emergency and community facilit ies and nomcsidc4tiai sales offices. usins word$ or m.1ps, provided sucla sigm do not exceed SO square fc:t in surface area p,:r oigu face nor project higher than 10 feet above around level: (iii) Permanent si;ns or oirectories directing lhe public to business facilities wichin the Restricted Property, IISlng word> or maps , provided such signs do not e.,Cffll 100 squ3J'e feet in surface ma per sign f':!,;c nor project high.r th:u1 15 fe:t above ero11Dd level : (b) Signs informing of :;peci:tl community events are permined in each Planoing Area wilhin tbe Re.tricti:u Property , provided sutb sirns are erected or displ•yed no rulier lh:in 2 weeks preceding lh• °'""t and m n:moved no lat ;r th•n 2 days subsequent to the event: (c) Temporary ,i1ns intormins prospecri,·e ton3DIJ and business own•rs of land uses being constructed or to be constn:cled in th,: fu1ure , or idemi(ying project name , owni:r , an:bilecl, engineer , consuuctiou company. ere . m permitted for up 10 5 ye3n ,>lier erection or such si ¥JI. provided th.It no such $Ian shall •"'-'ttd JOO square foet in surfa,;t IR3 per sign f.ice nor shall project more than 10 feet above 1mund. and all such Sil?DI 111411 be uniform in color, size and mo1<rials co tho,e loc:ared elawben, in Hiahlantls lwith and sball be con.siJtent with HisJ!landa IWlth', an:biteerural them.: UUI\P\lbli;\Sha\1h1ePAmlacUMl.·bJ °"""'" • 11 .. (dl Sl,m pmniuc(I Wider am&!!R!!1 of S,srjon lCVIDl of die ~lopmcnt Oulde shall 1101 be pmnillld in Ille Rntr'.cicd Property: and " (•) The followilla si&m are prollibir.d iD Ill: ROSlllctcd Proplri)': (i) Any portable sian localld on aoe or more wheels; (ill Any revolvq btocan. Caw11ain, ll4shint, 11111 l'Ollllml lip, and 1111y other sip with any iype or rwvo:m=r ur illtermillCIII llgllllng ell'ca; (iii) Ally !lag, banner. or alher devica designed Ill wave, !lap, mll!IO . nr ndlerwise move with !he wind, ncluding therefrom any fbg or emblem of Gay 1overnmem 01 l(l>'ffllllll!IW qency or of any civil. carponre . charitable, reiiJious, or fr•remal orpnizadon; !'. • Any sign fnr purpn.se, of advertisinJ of products or servicts availilble elsewlw.• ,,,,,, , .i ·.e Pa~l or Projcct where SIICb sisn is siruated: (v) Any sisn llLXhNI .0 a builclin& which : (A) ProjcclS peipcndicw.ar ta the building, except u provided ill S<gjop XVIDlq) of the Devclupmc:ll Guice; (B) Is pmllel with ;a wall of the buiJdiD& b\11 project, more • roan '.16 inches ffllffl such wall: or (Cl E.-uends above :he rouf liue or •buve lhe top of the parlpel oflbe trco1 wail, whichever is lli&ber . (vi) Any sign which hinder. the visibiliry of traffic conaol clevices or directional sip; and (vii) Any sign painted upon the exrr,rior of~ building. 6. ANNEXATIONS OF ENGLEWOOD FOUNDATION PROPERTY TO COMMUNITY ASSQCIA TiyN AND BUSINESS PARK ASSOCJATIQN . 6.1 Pefinitiyps in Subassosiarioe PislarJtion-Unless odterwise expressly provided herein. do: capilaliicd items in this ~ shall II.ave !he SiUne meanin1 a.s any similarly c>pilaliud and derned rums within the Subassoc:iotion Declar:ition . 6.2 &l!WYtion or !!ngl1wogd Fpupdation Propeny IQ COQll!"lDiD'. Associllti'2!Ul!!I Bu,rines, M Apoci,ltjog. E=i,1 u Shea may otherwise dirccr in wril-ir.11, En&Jewoo.l FOWlda!ioa COVCIIIIIIS and a,r=s. t'nr i11elf, irs successors and ;assigns , IO aad with Sbn, ia ..ccmor and wips, IO caus. all J"'rlions of the Englewood Fuuadotioa Property, cxcq,1 as Olbcrwioe lllmalftn pro•idcd, 10 bocowt subjccl tu lb& CUIDIIlllllily DeclaralioD and die Subauocialior. Dcclar.alion alld IO be :miexed 10 aad become part of die COllllllllDil)' Assor.ianan Ala of die Comrmoity Associlllioa iD ;c;ordaace with Ille provisions Cor • &an,;!!.llioo 10 dlll Community Assac:iadn.1 A= ser fl:>rrh in die Commurury l)ocJarotion and in -12 · • accon1llllea witb tbe provisioru hereinafter set fortlt, am ic. be annued to and become pan or the Busillc$s Patk A=iatioa Arca or Ille llu:lincu Pm A.uociation ia ;ia:cmllacl whb the provisin11J for :11111cxoition to Ille B111laess Park Association SCI fonh In dw S11bassocle!in'I llel:laradon and ia ac:ordaat:c wi!h the provisions hcrcilllfter set fonll. Gtallllle lllall aoc be requlml 10 ance, tbose arc:is of tht Englewood Foundation Property dedjgted or 10 bl dedicated as public tiihts-of-way or :u ()pea Space. as hcreinalier provided for ia Secrigq 6 14, unless Shea ,•e=s it is aeceswy !or purposes of Ille Publi, fw,crions. as defined ia the Commwdty IJcclaration, in which Cl$! Sb.a shall, by wriacn nutice, direct En¥)cwucxl Fouw.iliuu tu am.ex such arc:is (such areas shall not . however, be subject co the Communiry ASiOCialicn or l!usincss Park Association wenmeats). Provided Eaglewc.<XI Foulldation complies with the provisions of Ille Community O...:laration and the Sub;wociation Declar:11wn and Ille provisions bereinaft.er set forth, Shea . for it>elf. ill successor, and assign.s. covena11ts and acrccs to &nd witb Enclewood foundation. ii., "'""·'~'"' and :issicns. 10 e:ICC!lte '11d acknowledge its written consc:u to each 11111eulion as rcqi.-i('.; 1 under the Community Declaration and tl:c Sub:issoc:ialion Decl2ration . 6.3 AMe•ed Property. • Anne,cd Prop,:.~y. • as used in this~. shilll me311 any portion of the Enclewood Fuwlllation Property to be annexc-J to the Community Association Am and Businczs Park Association ... re:a . 6 .4 Tjmo of Annernion . Annexed ?:-ope,cy shall be annexed 10 the Commllllity Association Arn and Business Park Association Arca prior to auy 'Transfer of Interest' (as bereinafter defined) in Ille Annexed Property except that Englewood FoUlldation may make a Tnuwer of Interest prior to the annexation of A1111C:1Cd Property to the Community MIOCialion Arca 111d tht BuaineSJ Park AJSOCiation Area if the Tramfer of Interest is approved In writin, by .5hea, and the party acquirin& any right, tille or incemt in the Allnexcd Propelt'/ •are-< in wrltin&, in form acd substmce satisrac:ory to Sbe:i, to be bound by the provisions of~ ~ •nd srants an irrevocable power of 3Rorney to Sh&r4, in furm :lild substance satisfactory to Shea. authorizing Shea. a.; attorney-in-fact for such pany. Li cake :Iii actions on behalf of such party which may be neceuary or desirable IO make the Annexed Property, aruJ the ialemt of such party in the Arule,ed Prope;,ty , subjc-;: to Ito Community Dc::luacion and the Sut,asscciatioa Declaration :a oc::ordancc with the ?rovisioa, sec fonb in the Community Oecilraiion and the Subassocialion Declaration and the prov is ions of chis Aili.Ju . 6.S T[!llSfer of Jgte;rn . "Transf•r of lnmmc· as used in this~. sball mean any gie, coa.-~ance, C11CU1ubr"°"e, icasc, arant, assi&DlllCllt or transfer of arty riglll, title or interest in property . 6.6 Mannce of AMeution -Suoplem•nt•I De<;lapuons . Anntud Property s11411 be :wieud IO :b• Commun:!) i\ssociation Area and the 1:huinc .. Park A>1ociation Arca by • Suppleme11cal Declar,liL•n in furm aruJ substance sati.sfuc:ory to Shea 311d ccepted in writing by She3 , complymc in :Iii mpc,:: wilh :he requirements of the Co11ununi1y Dec!aration and the Subusociation Dec!uation. E;::h Supplement.ll De:larat io n shall he in a fotm and shall contain ternu and provisions . in.:luding withou : limication, ...,. iestriccions •nd ar..bitec:ural concrol provisio,s . substanti.llly the same •• Supplemental Oc,:laratiun., !hen uS<d by SIie-, fur similar pruportim uwnal by Shea :l"'1 only :iuclt other tenm and provisiol!J, accepted by Shea in writing, '.1 form and substance satisfactory IO Sbe:1, :u may be necessary to take into ac:cou111 any 1111ique or panicul.ar aspecu of the proposed developmen · ,be Annexed Prnp,rty covered by the Supplement.I! Declamion. 0LJN'\lblic\$tcal0.KPA'T7\antUd·k3 ...,,,.. • IJ • 6 7 Ng l'miciparjon in Besmtion CQSJ Cenrgr. Except as Shea IIIAY olberwile direct in wririn1, acb Supplememal Dectmtion covena; a Priva1ely Owned Site !11.iJJ DOI be port of any Recre:trioa Cost C""1ef. 6.8 Onlv Cymme;cjal Sises . l!mp1 :a olherwue :ipproved in writing by Shea , Whieh :ipproval shall 001 be wireasonably w!dlbeld, all Privately Owrued Sises In all Annexed l'ropeny shall be Commercw Sites . In die r<l!lll Shei approves :znnu.ation of Privately Owned Sites which are oilier Ihm Commm:ial Si~. Sliu shall have the right to determiac, 1n its sole discretion, whether or no1 any ,uch Privately OWllr".' Sites sbaJI be pan of any kc-:mtion C05! Center and, tr so. Ille number:;!' Recreation Function Common A~ni Uniis for any such Privately Owned Silt:. 6.9 Delegate Di,lric~. Eoch Supplemental Declmliun ""'11, as required by lhe Cummunily Declaration, desig!llte tlll>I Ille Anne~•d Property is located in De!eg,ie District Jllo. 2l17 . 6.10 COJIW!l.iitv Assotj;ujon md Business Pltl; As,ocio!jon Propcov . Empt as olh•rwise qrcod in writing by Sha and F.nrlewood Founda:lon, oo ponion or Ille At111exed Propc:iy shall be des!gn,ued as Commwtity Associanon Property or Business Pull Association Property . 6.11 Commgn Are WI ()peg Sac;. Except u pruviued in Secrion 6.14 bcrouf, nu Common Area or ocber proi:eny not wilbin a Privately Owned Site silall be included wi1'till any Annexed Property unlm provision is made, salisf.tc:ory to Shei 10d approved in wrilinC ·b)' Shea. which approval ,~ not be un"'3SOnably wilhheld, for Ille ownermip, cue ar1 maintenance !hereof. 6.12 Use or Communiry Associarion and Businns Park Assocjarion Prooe,~- Each Supplemeolal Declaration shall provide that Ille owner of e:ich Privalely Owned Site within the Annexed Property sball have a non-uclusive rf~ht and euement for use of serviees provided by the Community Association and the Business Park A.uociadon ant.I of Curtlllllllity Association Propenics which arc llOI pan of any Recreation Cost Center and of Business Pork Association Ptopenies . Eadl Supplemerual Declaration shall limit Ille righis of Members who own Privately Owned Sites in li,e Annexed P:-operty IO d•legate such Members' nonexclusive ri&hts and easemenis for use tO the sam: e,te,11 as Ille limits con1:1ined in the Suppl,.,,,.,,tal Dedaracions llten u,ctJ by Shea !or simil:u properties owned ~y Sb••· 6.13 Evjdence o{ Sbq Accepuqce and or CQJllllliBm;.e . The execution by Shea of• col15Cat co any Suppleme!!!:11 Dedmtinn mall he conclusive evi~ence, e,eep1 as IO ponies who have notice tO lhe conrrary, that Engl..,ood Foundation 1w complied with all of Ille provisions of lltis Aareemc:nc let forth in ~ 1111'011&h 6.12 obove with respect 10 Ille Ann<!xcd Property covered by such Supplementll l.leclantion and tba, ,n necnsary acceptances or co115enu from Shea have been oblained in COtlDCCtion with such :mnexation. 6.14 l'.'omplleos• wjljJ Open S~ Rcquircmcnt>. Englewood Foundation cove,w1ts and agrees lh.ll cJcb portion of the Eni:J•wo<J<l Foundation Propeny, if any, whic:11 4loa auc • consdn11e a Privately Owned Siie shall be desl&nat.ed a.s Open Space pursual!I to Ille Open Spac~ AgreelllCIII, as hereinafter dcfllled, un Ille plat for Sl!ch poniou of the Enalewood Foundation OUI\JI\Mu\Sllm\0-tacPA'TTlb.ul :wK-hl OMl7,'99 • 14 • i'rop,my, pruvw,.J ~t SUtll portion of tho Enalt'NOOII FO!Uldiuion P::openy Olhtrwise qualifies as Op,!n Space pursuant to the Open Sp~ Aarcemem, Any ponion of the Entlewood · " Foundation Prope:ly so dcJignaied oa any plat or pills !'or die Property II Open Space sllall be subject 10 the Open S~ A,=1111111, l.ated October 20, 1980, bcr-vem Minion Viejo Company and the County of Douglil!I . R,,corded OctOber 22, 1980 in Book 396 at Pan• 164 (Ille "Open Space A&R'l!llll!r r·). Englewood Fo.:mlation cuvoaants and •~= to convey or Ulldic:iie such Open Space 10 a Public Budy or C,l!MUlnity Body , as defined in tbe Open Space "areement, when :uw a.s directed by Shta :uw approved by °'1ualu County subject only !O such reservations and o:<coptiun> of easements for a..,cess, udlltles and draillllge purposes as En3lewood Folllldatlon =Y deem neceswy and desirable amJ as are approvl!!! in writin& by Shes and OouJlas County . Until such time as such Opca Spa,.;o is conveyed or dl!l!icated to a Puhlic Rody nr Community Body, Englewood Foundotion sholl b• cbliJored 10 core for and m:,inuin the same . 7. MISCHLANEOUS . 7.1 Amendment qnd Te:mina1i9n . e .,cept as othcrwi.,e exprrnly provldcu in this Agreement, any Reslfiction cont01ncd in dtis A,rccment may be am•:ded or :epc:iled. and Ibis Agmm,nt terminated in whole , at any rime and from time 10 tune prior to the •"Piratlon of the Restrictions Term, upon approval of tho =ndm.91 or repeal , or such termin:irion : (a) by Owners ownin; at least rwo-tbirds (213) of lh• l;wl =• of !he Restricted Propeny; (b) durills !be Shes Enforcement Perk I, by Shes ; (c) by tbc Owner of tbe Plaza Propcny; (d) so Iona a.s Englewood Foundation, its succc»urs and a.ssign,, is the Owner of :any portion oi the Englewood Foundation Property, by En&lewood Foundation; and (c) i!, but only if, any $Uch amendment or repeal. other lhao , tenni,111ion of this Aareem:01 In its enti.-ety . materially. adversely 311d unreasonably affects an Owner or !be Parcel of :an Owner , 1111d such Owner Jivc1 written notice of such fm to the Business Park ASSC'Ci.ation wiL~in ll:irty days atter receipt by such Owner of wrinen notice of sue~ proposed amendment or re,031, the wr itkn consent of suc.b Owru=r sh:lll also be required . Tbo amendmen! or re;,csl shall be effective upon the Rcconlation in the office of the Clerk and Recorder of Dougla.s County , Colorado, of a cenific:ite, duly e,ett1tcd b> the ponies whose consent or approval is required as iet forth above serting fonh lhe amcuiJment, repeal or termination in lull . Toe consent or approval of nu other Person sh.Ill be req~ired for any such amendment , ~I or termination of this Agreement. 7.Z ri21iw -Any ncrice permitted or n:quired 10 be aiven w,,Jer lhi., Ag,.,,nrnt shall be In writ:ni :wd shall be dceined properly givtD 31111 recmed on the earlier of: (a) wben actually :eceived if deliverctl persnnally. by meS5Cnge: servic,, by facsimile . or otherwise; (b) on the ne,r business day after deposit for delivery (<JleCifyine oc .,1 <lay delivery) with any recognized overnight courier service ; or (c ) thee< (3) busmes.s d•ys after nwling. by registered or ceniiied mail, rcrurn receivr rc4ue,tou All such notices shall be l'urnishetl with delivery or pasta&• charaes paid, ad<lressea 10 ~h.-J , Conter LLC. Plaza or Englewood Foonililtion ;t the re,pe1:rivc audrm (which l<tm. for purposes of this Section. shall include the facsimile number in tile c:,.se of a notico given hy f:u:simile) scr forth iD the fim par•11r•ph of this Agr .. ment, to the Busio•s, Pork Associacion .i 300 West Plaz:i Drive . Sui<• JUO, Highland> Ranch, Colorado 80126, aud ro the Owner of • portion of tb• Rc,11ri.:iw Ptupony u the address for sucb Owner shown in the Recorded deed or Olber instrument by wbicli UUe 10 such ,onion was coovcyed to such Owner: provided , however , that if such uecd or other instrument does not include tblil address for such Owner. then any such lll)tice to such Owner may be ;iv•n in a11y JlllllllCr DLHU'\dltlc\Shca\l>.•l'A rnn,:nUKX·lll 06/01199 aotite is perrailleu to be aiven 10 a Person WIiler Iba= llllllll!S of Ille Siaie of Colondo lii co1111eelioa widl die fam:IO$ure of mon~ca, im:ludiaa, wirhou1 limi11do11, by publlcadan. A copy of any aolice 1ivea to Plaza Wider liil Ai:r-c sball also simuillUIIOUiay be alvtn IO TowDJCDd Capiral, LLC , 2:0 We,11'=111>ylvan;.i A•=•• Su~ 700, Towson. Maryland 21204 . An addrns ror purposes or this Aiµeement may be c.~ from time to lime by nocic,: pven in :sec~ with this Section. 7 .3 fm!m.l Entil)sd tp Enforce Agrsc;ncnc. Each of the Business Park Associa1lon, a:tin1 by aulhorlty or iis Board or Directors, Ille Owaer of any portion of dlol Restricted l'ropeny ;u:d Shea (for, but only for. tbc dundon of the Sbn EnforeemcJII Period) shall bave !he righl 10 enforte any or all of lhe Rntric1ions or 01btr provisions comaiaed bl dliJ Agre,,mcnl agaUISt any Parcel wirltin the Resiricted Property ;illll tho Owner thereof wbkh l'otce! or Owner is in default ur violation of the Rcslriclious ur ut!n,r provisinr.s cooralned l.a c,;s A1r=r=r. The ri&hl of enfortement shall include the righ1 ro b<inJ an action for aclUal dama,es (but not for other danutgos , such as. wilhou1 Jlmiration. com,quenlial. illcidenral or punitive damages or damages for lost profiis) as well as any equirable relief, includin1, wlrhou1 limitition , any ac:ion to enjoin any v iolarion or ,pc,:ifially enforte rhe !L1a:ictioll or odler provision or this Aarecmc:it None or~ Cenrer LLC, P'.ua En11ewood Foundation or Ibo Business Part Assoc:adon shall have ;iay obligation 10 enfattt or •o see 10 die enfoi.ament of all or any of the Rtslrtctioll.! in this Aateemem :ind shall have no li.~ility m ,ny Penon ft:Jr any defaull Wide, Ibis A1reemen1 by any Owner (other thin by die rapect!v• ~•rty. m the extent ii is an Owner) or any failure by 3DY Person to enfotce any of the Restr ic:iu11:1 . 7.4 Vjplarjon: Cons1lrure a Nujnnc•. Any violatiun of any Resa:ictlon hlrellDder, whether by ac: or omission , is hereby decla~ ro be • nuisance and IMY be enjoined or abaltd, whethe: or not Ille relief sough1 is ror acgwtivc or alfi=tivc action, by any Penon entilled to eufon:c rile provisiom or this Asre:ment. 1.S Remedies Cumulative . Each remedy provided under this Agr..emen1 is cumula1ive and not exclusive . 7 .6 No lmplje4 Waiver,. Failure 10 enforce any Restriction or other provision of lhis A1reement shall DOI ope~II! as a waiver of that Restriction or provision or of any orltcr Rcsa:iction or provision coot:1im:d in dt i, A1recmcn1 . 7.7 CQ11S agd Allom,;ys· Fm. In any action or proceeding under this A1reement, the p1evaiiin1 i:any shall be en1itled 10 m:over its c05U wl e,r;pe:!Se3 in connection rherewlth . incl•Jdin&, with011t linut:1tion . reasonable anome'j s' fees . 7.8 Libmll In1erpr<<ation . The pro•ioiuiu of lhi> A~roemcnr '11.111 be llber:llly cons111Jed .. a w~ole 10 elfetrua111 Ille purpose of Ibis Agreement. 7.9 Govemjn• L;,w . Th is Agreemmt shall be construed and gnvcmed under the Law of rltc Stlti: of Colorauo. 7.10 Seyenhillrv . Each of the provisions of this Acreemcm slwl be deemed ~t and •ver.ible, and the invalidity er unoaforce-.&bility or partial blvaliuity ur partial unenforceabili:) of any pruvision or portion tb•reof shall not effe<:I tbe validity nr enfon:oolbili1y nf ••y ""1cT fW!WW<>n of this Ag,..,mcn1. l>I..H\P\dllir.\Slaa\OwaP-'77\~IJMIC.-h.J OIII01199 • 16 • • • • 7.1 I Numbgr and Gender . Unless die cocte:u requ~s a colllr3l)' consnuctinn. tile sinaul:u-shall include Ilia plur:il and the plur:il die silll'Jlar, .wJ ~ awcuw-.. feminine or neu11r shall each iacllllle the masculim, femlnlne and 1111U1Cr. 7 12 C;mtjon, •od Headings. The tides, he:idinl:s :ind e3ptions used ,n this Ag11.'l:ment ore i.Dtended solely for convenience of referenc: :ind shall not be cc,nsidered in comtrUins tbi» A!l==t or ;&ny pruv i>iun lliereof. 7.13 No Tojrd-PartV Beneljciar jes. None of the 1ern11, provuion, or Resrrictions coniained in this Agreement wll be deemed to be for the benefit of any party other than those parties designated in 5'<:tinns 2 .2 and U . and nu other p•rty ,ball be cntirled 10 rely on or enforce this Agreement i .14 .Li.miJCd B•'as qn T~. Arly partyboldin& or acquirini an interest i.Daoy Parcel within tbe Rl:stric:ed Property sball be liable fur any defau lt or failu.,.. 10 comply with itS respective obligariom· bcn:unllt,r wb ich n,iare, 10 die pcnod of rime in •.which such pany bolds an i.Dterest in sucll l':trcel, but such par:y sllall not be liable fur my dll(:wlt or failun: 10 comply with irs rcspcctive obllcations hereUllder whicil :-elalCS 10 the period of time after such pL"fY shall have conveyed or otberwise tr:ir..sferred its entire inrer:st in such Parcel. Additionally, the Parcel of such pury ,ball also be subject to my remedy provided for herein for • dciallit or breacll hereunder with respect to such Parcel wllich arose or accrued prior 10 the tliile upon which such party acquired its interest i.D such l'ar=I (e:u:ept as may ow.rw1se be provided pumwit ro Sffijnn 7 151, hut lllCh parry shall not be personally lia~le for any dama1es which n:lale II? die period prior to (but noc on or alter) d!o date upon which such party acquired ics inrereSt in sucb Pana:!. 7. 15 gwppc! Ce;:tjfjgle!. Upon ,aym..nt of such rc3500able fee as may be determined from time 10 time by tbe Business Park A$SOCi11inn, and upnn the writl.CII ~•1cst of ony Owner or any person witb, or intending to •cquire, any righ t, title or interest in :a, Parcel of an Owner. Ille Business Park Association sball furnish a wnnon >tatemcm >Ctting furlh whether, as of the d.1te of such cerrifl ca re , any violauon of tbe Restrictions in this Agreement exi,u witb respect to sucll Parcel. Any Person . without acrua l kllowlet.l&e 10 the conrrary, shall be entitled 10 rely on said certif,care with respect 10 all m.ners ser forth therein . IN WITNESS WHEREOF, Shea. Center LLC, Pilla and En&lewood Foundation ?13ve executed this A1reement as of the day and year lint above written . ;,UN'Utllic.\Sha\llva:l'.'\11\f\csaV.K-bl 06,111:99 • 17 • .. er :u SHEA : SHEA HOMES 1JMJTEI> PARTN!RSHll', 1 California limiled pll'tllmllii') d/btn S11a Home., By : 1. f. SHEA CO .• INC,. 1 Nevada c-urporation , its paeral panner By: ________ _ Name : Tille :. _________ _ By : ________ _ NIIIIC : ________ _ Tille :. _________ _ CENTERLLC : HIGHLANDS RANCH SHE.", CWTcR , LLC, a California !imilld llabilily c:ompey By: J.f. SHEA CO ., INC ., a Nevada corporation, Member By : ______ __;_....,;_...,;. __ _ i•ame :. ____ _:__..::...; ___ _ Tille : _________ _;;,,,_ By : _________ ..:_ __ No.me : __________ _ Tille : __________ _ PLAZA : PLAZA DR!VF. PROPERTIES , LLC, a D•l.iwnre limited liability company Sy: Name: __________ _ Tille :. ___________ _ •IS· • • • ENGLEWOOD FQUNl)ATION : ENGLEWOOD McCLELLAN llESEllVOlll FOUNDATIO N. a Colorado aoaproftt corpomion By : Nillllt : S111an Fonda Tidt: President STATE OF COLORADO )ss . com;TY OF DOUGW ) The rcxqoiDg b,strumonl .,., ac:Jaiowlcdaed before me Ibis __ day of _____ , 199_, by __________ as ________ aad .-,-______ as _________ oITT. Shea Co~. Inc .. a Nevada COll)O(llion, a, acaml peruier of Sbo2 Homes Limi~ Ptnncnhip, I Califomia llllliled pannmbip d/b/1 51111 H-· Wimcsa my baud and ollii:ial seal. My coamussi<>• expi.:s: __________ _ (Snl) Noiary Public • 19· STATE OF COLORADO ) ) II, COUNTY OF DOUGLAS ) 1bc !orceotac ~ wu acbow~ before me dli.s __ day of _____ , 199_, by_,. _________ u ________ and .,...._.,.,... ___ .. u( J. f. Sba Co .. lac .. a Nnlda corpomiml, u Member or :-:H,,..i1""bl,-•ad-:-, :-RaDch--.-:Shea;:;--:C;::e-n~rc"""'r, LLC, a California llmib!d liallility cumpmy. W1111ns my hand 14d offlcial ,eaJ. My commissioa expires : _________ _ Notary Public STATE Of COLORADO ) ) 51 . COUNTY OF DOUGLA! ) The foregoing instrument was acknowlld&e4 be!ore ue dWI __ day ot _____ , 199 _, by -,--,-.-,--,---,--~,,,_-,-as ________ o( Plaza Drive Propmies, LLC, a O.J.aware limiled lbbiliry cmupany . Witness my hand 1111d official seal . My commission e:,pires : _________ _ (Seal) Notary Public -20- STATEOFCOLORAOO ) ) "· a COUr<n' Of OOUOLAS ) TII,: Coqoiq imaument WU IClcncJwledpd bofore me di.ii --day of -:.------:--::-~~. 199 _. by Sowt Fonda u Presidnl or Eql•wood McClcllu Rr.11rvoir Foundalioa, a Colondo -s,n,llt COll)Ondon . WilDCSS my baad =<I official seal. My collllllloion expim: _________ _ (Snl) Noc.ry i":1blic CONSENT BY BUSlNiSS PAJUC ASSOCIATION Hqhlllldl Rladl llusiam Parle, Im:., • Colondo nonprofit coipontlon, llem,y •:anltllll ID 11M forepnc Re.!lric1m Uae Apemml aad lllffl that ii sball perfonn ill • lhlla•limll ID pieparc 111d r11n1i1lustoppel certlflcalCS p11111111111 ro ~lion 1. 1' of lhe forqolq KesUiClm Use Aareemem- Dared : _____ __, 1999 .,, ~--••mr. '""···· ;, . .';~-- HIGHLANDS RANCH BUSINESS PARK, INC ., a Colorado IIOllplOfil corporalioll By :. __________ _ Nmie: __________ _ Title : __________ _ -22- • EXHIIIT A 10 iUSTRIC1Tfli USE AGiEiMil(I' (HlpilDds llalcll 11u11mA Pirkl (Rlosollltioll of Support by EnglcwOOd C:lly Cowir:il -Sec Allldled) ~\DYO:IATl\lal\ld-ll -'" IIXJl1.411B TO RESTIUCtlVI us& AOllEl!MlNT (Hlplmblasll a.a.a Pm) (l.epl Oacriptioa or Ell.eluded Pr,pcny -See AIIICll,:dl ll-1 • EXltllltTC TO R£STRICTTVE USE AOREEMENI' (Loi,:.l l)esc;iplion of f:..U>""I PSC Gos Transfer F• .lily -Stt Atladlld) C-1 COUNCIL COMMUNICATION Date Ag11ndaltem Subject Support of Restrictive Use Agreement at Mclellan July 6, 1999 11 C iii Reservoir Property Initiated Lly Englewood/Mclellan Reservoir Foundation I Staff Source Robert Simpson, Board Director En&lewood/Mclellan Reservoir Foundation COUNCIL GOAL AND PREVIOUS COUNCIL ACTION There hes been no previous Council action on this matter . RECOMMENDED ACTION Staff recommends that Council adopt a re,lOlution, which supports the imposition of the Restrictive Use Agreement on the En~lewood/Mcle!len Reservoir Foundation property . BACKGROUND, ANALYSIS, AND ALTERNATIVES IDENTIFIED The Englewood/Mclellan Reservoir Foundation ~a~ been established lo oversee the development of the Mclellan Reservoir property. The Foundation has articulated the following development goel : Protect the quality of Englewood's stored water . Protect the ecosystem that has developed since access hes been restricted. Maintain the quality of the Highline canal recreational facilities and the wetlands that i;,Jst between County Lin e Roed and C-470 . Develop the land south of C-470 in a manner that minimizes the impacts on Mclellan Reservoir. Develop the land scuth of C-470 in a manner that enhances the quality of the neighborhood of wh ich it is part. Establish and maximize a future lon~-term income stream fort the benefit of the City of Englewood after meeting the above listed ge,als. The Foundations owns approximated 100 acres of the 500 acres that are to be developei:l adjacent to Mclellan Reservoir . The imposition of covenants or use restrictions on all Janda within the development area will ensure a consistent high level of development . F'urtherr.iore, these use restrictions will provide even greater protection to the Reservoir's water qualily when compared to development without the reslrictic,n . Finally, these restrictions will create and maintain a greater value for the land that in tum ensures a long-term income stream to the City. THK Associates , the consultant retained by the Utilities Department to review the restrictions has recommended approval of the Restrictive Use Agreement. FIIMNCIAL IMPACT The -~ Ill no direct cost u,ociated with this Resolution of Support . The po)p08ed Re10lutlon will d11monsl111ta suprort for the Foundl:tlon and the devel,)j)ITl&nt of the Founa--:!.,n's property consletent with the approved development plan and adjacent property. UST OF ATTACHMENTS Proposed Reeolutlon THK Associates Letter All