HomeMy WebLinkAbout1993 Resolution No. 107RESOLUTION NO . !{!7
SERIES OF 1993
A RESOLUTIO:-1 AUTHORIZING THE ACQU ISITION OF REAL PROPERTY BY THE
C ITY OF ENGLEWOOD FOR EXPANSIO N OF THE ENGLEWOOD GO LF COURSE .
WHEREAS, th e City of Engl ewood est.abli sh ed a process wh ereby current ope ration s at
th e Golf Course were eva luated : and
WHEREAS , as n result of this eval uotion a recomme nd olion was made to expend th e
Englew ood Go lf Course and its clubh ouse facility: a nd
WHERE AS , the expans ion req uires the ocqui sit:on of addition e l real property ; and
WHEREAS , afte r r ev iew of this ac qu:sit io n by the City Council the City Council beli eve s
that it is necessary for the h ealth, safety and welfare of th e citizens of Englewood to acquire
a dditi onnl r eal ,roperty:
NOW. THEREFORE, BE IT RE SOLVED BY THE CIT Y COUNC IL OF THE CITY OF
ENG LEWOO D, COLORADO , THAT :
Sfru2n.l. Th e City is authorized to acquire that real pr:.,perty attached hereto on "Exhibit
A " .
.5..etlim..2 , The acq ui sition of said pro pen y is subjec t lo and done under the threat of
con demn ation , es is authorized by th e St.ate Constitutio n, th e Englewood Home Rul e
Charter and the Statutes of the State of Colorado.
~-The City is authorized to enter into en purchase agreement for sai d rea l
property in the amount of $684,3 0. 18 plus usual and custom ary closing co sts.
5.w.ism..i . Th e Owne r of r eco rd of subj ec t property is Motor Crane Service, that the lessee
of th e property is A.F.M., Inc . It is understood and agreed that the right to occupy the
property by A.F.M., Inc . is ex tended to April IO, 19:M .
5.e.t.ti.0.n.... Th at othe r terms nnd conditi ons of th e acqui sition are as set fo rth in on
Agreem ent doted Novembe r 11 , 1993 and signed by Motor Crane Servic e Co mp any are
app roved .
•A-'I"IfST : ,
\. ,cl f£ t(,:C_., l.-V. {/4 &ti
. ·~~
Sheri Gulley , Mayor (/'
Patricia H. Crow , City Cle rk
I, Patricia H. Crow, Ci ty Clerk fo r th e C ity of En glewoo d, Co lorado, hereby ce rtify the
above is a true COP)' of Resolution :-lo /t:>7, Series of 19~ a
&ak~ kAJ
Patri cia H. Crow
EXHIBI T A
LEGAL DESCllPTIOH
A ,areal c! land lcc1c1d in So•tion 4, To11n1hip S South, ~anao 68
Wut of thl 6th Principal Horidian, County of Ar ■pahoo, Sato of
Colorado, being a,ora particularly ducrib1d u lollo1111
BEGl!INIIIO at tha South1ut cornor of th• NW 1/4 of Uid Section 4 ;
thence N 89°49 1 30" II (b1111 of h11ring1 b1in1 S 00°31 1 J6" II, 1lon; the
taacorl y lJ.n• of th• .si. l/4 of the Nil l/4 of said Section 4 ••
monua,anc,d vich lio, 5, rabar ■ 111th c1p1 m1rk1d LS 112083 hound i:i
range box) alone the South line of aaid NII 1/4, • dietanc1 ot P,B,S&
fut, th• the £uterly line of Enaltwood Col! Couru, alH b1:i.nc t~•
E11t1rl y line of• p1rc1l da1crib1d ln Book 2651 at Paga 51l1 thane,
alone t ~• E11t1rly line of 11id parcel th• follovin; thra1 (;) c0ur1111
1) N 16°57'22"
0
!, a di1t1ne1 of 884,51 f11t1
~) thtnc1 N 48 12'25" E, 1 di1t&nc1 of 7ll,59 f 11c;
JI chonc• N 48°.'1 '09 '' i:, a diltanca of 105,0l hu;
to • point on the -~Alt line of th• NE l /4 of th• Nil l /4 of add Su,tion
41 ch1nc1 5 00°ll'l3'~, 69,75 f11c, along th• a&id •••• line 0£ tha nt
1/4 1(11 1/4 of Hid Saat!on 4, to cha Sil coraar of tha SW l/4 1111 l/4 NI
1/4 of 11id Section 41 thane• S 89°40'23" !, 52,86 !11t aloa1 th•.
lint of Lot 6, Block 1, bains 1l10 th• Southerly line of thl Nill
1/4 cf add Section 4. and th• 1outherli.n1 ot Pennon SultdiYiaioa
the northvaac cornar ·of Yani1h Subdivi1ion1 thane• S16°23 1 04" ~, alone
tha w11t1rly lina o! add YANISH SUBDIVISION, a diatann ot 983, 7l
f11c: thenca S 73°11 •0 ~" E, along the Southerly lin• 0& uid YAHlSii
SUBDlVISIOII, 1 di1tanc1 of. 553, 93 Cut I thaar• S 15 J4 1 l.S" ,1, a
dhtanc• of 94,19 f11c1 thence S 73°15'56" £, a diatanca ct 199,80 flee
to • po!nt on tha Wuur.ly ri1ht-of-w1y line of U,S, HiAh111y No, 851
t hanc.a S 16°4£1 05" II, &lon1 uid ri&ht-cf-way, 1 di&unca of 141,33
!11t to a point on the £11t-lloat c1nc1rlin1 of 11id Stct1oa 41 th1nc1 N
69°46 1 15" II, along said cantulina a diatanca of ~59,6 4 fut to th•
?oint of Bt1inning, County of .\rap&hoo, Slat• of C~lorado, Concaiains
19,637 Acr11, :0r1 or l••••
PROPERTY SITE
PHASE I AUDIT
City of Englewood .
Englewood
Golf Course Exn ons ion
Con t iogeot
Parcel
...
,,_.,, o,,. • • ,. I-'"'•
......... ~A••r ,-._ .. ,. W
J6•t .. .JA,rr• ~, -.. ,
IH6111He1 <~. ,-,.. •
MEMORANDUM
TO : Mayor Gulley
Al ex Habenicht, Mayor Pro T ern
Tom Burns, Council Member
Rita Hathaway, Council Member
Alfred Vorm ilt.a g Jr., Co11n ci l Member
l{ell s Wa cconer, Coun cil Member
C lyde Wiccin s, Co unci l Member
FROM : Ric k DeWiu, Ci ty Attorn ey
DATE : Novembe r 29, 199 3
REGARDING : Acqu isi ti on of Mot or Cra ne/Win slow Property.
As part of the ex pan sio n of th e Engle woo d Golr Co ur se va rio us scenarios ha\'e be en
pr esented, including the sce !,ario of a 9 hole pur 3 course and an ind oo r ten ching fac ili ty Al
th e clubh ouse. In add ition th e cl ubhouse u,,ould be mo dified in ord er to foc.ililnt e such
tenching fa cility. Th ese proposa ls hnve pr eviously bee n r,.ddres sed with Council and
Coun cil has gi ven ge nera l direct ion to the Ci ty staff to acquire certain real prope rty . Th e
pr operty that is kn own e s th e Moto r Cr ane Pr operty, al so known e s \Vin slow pr ope rty and
also know n as th e "fl ea ma rket pr ope rty" wa s t.nr ge ted for acquisit ion. Discussion~ hove
been on coing thro uchout 1993 fo r th e acq ui sit ion of this property finall y culmi n ating in the
attached Acreem enl.
We beli eve that thi s Agree men t cenera lly mee ts the fi nencial cond ition s set forth by th e
Ci ty Coun cil at (S.80) per square foo t) and as authorized by Counc ,,. As condemning
autho riLy iL is our respon sibility to pay for cert.a in title work and costs of cond em nation
in clu din g apprai sa l fees . In th is act ion sin ce we have been able lo negotiate a resolution of
th e is ues we ar e not bearing th e burd en of man y of th ese costs ; how ever , we wou ld propos e
that th ese sum s be used to off-se t ce rta in inconve ni ence s to th e property owner . Specifically
th e tenant would li ke to have si gn age for one year on th e property , the tenan t would also
lik e to be abl e to vacate the premises by April 10, 1994 . We believe that both of these option s
are appr opr iate under th e circum stance s, th e nee market operated by the tenant has certa in
month to month te nan cie s that will req uire lim e to te rminate and to remove personal
properly from the site. In addition , t<> relocate is a heavy burden , and by allowing the
sicnnce which will redirect what e,•er traffic th at do es come lo the si te to the fl ea market's
new locati on, will redu ce the imp act of th e ta king.
In th e interim , that is betw ee n si cning of th e con t ract nnd Ap ril 10, 1994 , th e City will be
nut ho ri zed to ac ce ss th e property fo r its development purp os es, see Addi tional Pr o\i sions
Pnrn cra ph 5 and Le u er dated April 23, 1993 .
You will notice in th e Resoluti on tha t there is o rath er strong cond emnation pr ovi sio n se t
fo rth , thi s is includ ed in ord er to maximi ze th e tax ben efit s to bot h AF.M . and part icularl y
Motor Cran e Service Co . If th e City 's ac qui sition is don e und er thr eat of condemnation
they ore allowed additional time fo r a lik e proper ly ex chanc e un der the Internal Revenue
Co de. Th e normal replacem ent peri od under th e United States Internal Revenue Cod e
§ 10 33 is two year s and und er th e threat of condemn ation the tim e peri od is three years after
th e close of th e fir st taxa ble yea r. This gi ves them one yea r to reinv est.
It is th e r ec omm endation of this office Lhot the City ofEnglewooa-.nLcr into th e att.nchod
conlroct for acquisition of t he Win&low propert.y by appro vi ng th o Resolulion li sted on th e
Dec ember 6, 1993 Agen da as Item 12f.
Enclosu re
cc : Lorra in e Hayes
J e rrell Black
Fra nk Gry g le wicz
RD n f
Ri ck DeWitt ·
2
TIIIS IS A LEGAL INST RUMENT. IF NOT UNDERSTOOD, LEGAL, TAX OR OTHER COUNSEL
SHOULD DE CONSU LTED BEFORE SIGNING .
VA CANT LAND/F AHM AND RANCH
CONTRACT TO DUY AND SELL REAL ESTATE
Seller 's remedy Liquidated damages or Spe cific Performance (Section 16)
__ 11_o_v_em_b_e_r_1_1_, ___ 19~
I. PARTIES AND PROPERTY. The C!tJ of En1Jevood ___________________ , pun:hasel\5) [Pun:twerJ, (1.1 joi nt
1<nan1S1 ten:inl5 in com mo nJ agm,s to bu)', and the undersigned stUCl\s) (SeUerJ •~ to sell, on the 1erm,
and co ndition s stl fonh in this conlr.lC~ the following described re:tl estate in the County of
Arapahoe to wit:
see attached legal description
k.Jio wn a.5 ~o.
a 19.637 acre site, vest of Santa Fe Drive and .,orth of Qiford Ayenue,
(S l1'Ct Addt,.,s , Cil y, St.ate . Zip) Sheridan, Colorado 80110
togelher wilh all interest or Seller in vacated street! and alleys ad jacent lhmto. aJI easemenu and other
appuru,n1!11Ces tllen:!0. all improvemenlJ tllereon and all 1U1Ched fLT IUl'CS thereon , exc,pt 1.1 hen,in excluded ,
and C3llcd tll e Propmy.
2. INCLUSIONS . Th e pun:hase price includes tlle following items (1) if lll8Ched lo the
Property on the date of this conlTICl: li ghtin g. he.1ting, plumbing , ventilating. and air conditioning
fll<turu. TI anteMI.I . "'"'" softenm, smoke/fu,,,burglar alarms. security devices. inside telephone wiring
and connecting blocks/jack,. pl antJ , mimlrs . noor coverings. intercom systems , buill-in Jtiu:hen
appliances , and sprinkler sy stem ! and controls: (b) if on the Propmy whetller auached or not on the date of
lhi.s contmct: built -in vacuum syste ms (includin g arc.e s.sories), stonn windows. storm doon. window Md
perch shades . awnings. blinds . screens . cunain rods . drapery rods . fuq,lace insens, fuq,lace =ns.
f,repi,ce ~tes. haling 51oves , storage sheds . all ki:ys and gorage door openers including ----B.-n:mote
controls : :ind (c)
(d) \Vater Righll. Purcha se price to includ e the rouowing water ri ghts:
see attached cootingenc.iea
{c) ... ~ro~i n& Ct .. ps. With respec t to the gro wi ng crops Sell er and Purchaser a1rce as follows:
none
Th e !l bo,·e-desCT"i bcd incl uded items (Incl usions ) rue to be conve yed to Purchaser by Selle r by bill or sale ,
KA deed or other appli c,ble le~:il instrument (s) at tlle closin g, fru: and clear of all
1..ucs. li ens lnd encu mbra nc es. except as provided in section lO. The following attached fixtures are
excluded [ram tllu sal e:
none
-f ~ H'f, 3/tJ, 1g
J. PURCHASE PRICE AND TERMS. The pun:hase price shall be ,~2~.
pa yable i~ U.S . dollars by Purchaser as foUows (complete I.he applicoble ~nns below):
(1) E ■rnut Manry.
S 5, ooo 00 in the form of check as e:unest money dcoosit and past
pa yment of the pun:hase price . payable to and held by a 11Utually agreable eecrow -"'~V~·. agent
1rf ~,t,U,Jvtf,/;U<t/J--f/rl'(1f•NV. /JI 'ftll/lf#fr/<#-ffl##l l'J,-f'I #t#rf'i'fz#Jrt-f'ot<N #~It /2-U) IT'ff'f-1 N'ffN,JWrt,,;,,-,,nt-fm-H,v'rl,m'l¥Vff
.7 · .II (b ) Cuh at Closing,
--11 6 7 9 1 3 /C ,Jf!,
S 6§8 12n, 63 to be paid by Pun:luser at cl osing in cosh, electronic trnnsfer funds. c,nificd check,
savings and loan cellcf s check. or cuh ie r's check. Subject to the provisions or section 4, if the existing
loa n balance at the time of clos ing shall be different from the loan balance in section 3, I.he adjustment shall
be m3de in C35h at closing or pa.i d as foUows:
(c) New Loan .
S RA by Purch=r o:i ~,-ing a new loan . This loan wiU be secured by 1 (Isl, 2nd , et c.)
---1!!...... deed of tru sL
The new loan to Purchaser shaU be amonizcd over a period of ...IIA...... yean at appro,imately
S___!L\__ per ■& includ ing principal and interest no< to exceed j(&__ %
pe r annum . plus , if ..quired by Pun:haser's lender, a depo,it of JU, or I.he estimaltd annual
rC3I csta1e Wes . pmpcny insurance premium . and mortgage insurance premium . IC the lo an is an ad justnl.Jlc
interest 1'3le or gradualtd pa ym ent loan, Lhe payments and interest ra~ initially shall not exceed Lhe figwes
setfortlt above.
Loan dis count poinu . if any , shall be paid to lender at closing and shall not exceed 11A %
or the total loan amounL The first (I, 2, etc.) ..-1!!_ loan discount points shall be paid by
!IA
Purchaser sh:.:J time ly pay a loan original fee not to exceed Bl % of the loan amount
and Pu rchaser's loan s cosu. Cost of any appraisal for loan purposes to be obtained after I.his date shall be
pi1i d by HA upon loan application as r,quired by
lender.
(d) ,\s,umptlon .
S --bv Purchaser"s assuming and agreeing 10 pay an existin g loan in thil approx imate amou nt. presently
pay able ,1 S~ per RA including princ ipal , in teres t presentl y at ~\I, per annum .
and including escrow for the foUowing ■s indica~d: NA real est.a~ uues, ...!!,_Apropcrt y insunnce pre mi um,
NA mongagc insurance immium and ---'RA=-----------------,-
Purchascr agrees to pa y a loa n tran sfer fee not 10 exceed S NA . 1 the time of assumption.
lhe new interest rate sha ll not exceed ___ % per annum and lhc ne w payment shaJ I not exceed
5 H ♦ plus escrow.if an y. •
Seller {shall /shall nOll be rclC3.scd fr om liability on said loan . If applicable, complian ce wi th th::
requ in:m c:,L'i for rel ease from liabilit y shal l be evidenc ed by deli very at clos ing of appropriate lcucr from
len der . Co!I p,yable [or re le:ise or liability shall be pai d by ___ RA=----------
in an am ount no t 10 exceed S __ ~RA=-----
(t) Selltr or Pr ivat, Thlrd•Party Financing.
S ___ --'HA=_b y Purch JScr e,cculing a promissory noie payab le 10:_-,-..,...._:----,-.,.,---,--
;-;:-:--:-,-::----:-=:-::-::--:-:-=-:-:-:---c::":"":----:::--:-:=-=-:---,-,--:-,---on the note form u indicated :
{Righ t to Cure NTD 82 -11-Sj; No Right •to-CurcNTC 81-11·83: --~ by a (II~ 2nd, etc.)
....l!A_dccd of trust encum ber ing the Pr ope rt y, usi ng the fonn u indicated : {Strict Due-on-Sale (TD 72-l l •
83): Cre ditworthy (TD 73-11 -83): Assumable-Not du e on sale (TD 74-11 -83 ): KA ).
The promissory noie shall be amortized on the bui• of _116. yw-s, payable at S NA
p,r 114 , inclu di ng principal and interest at the rate of _.11.L '!l, per annum. PaymentS shall
commence ___ _.,...._ ___ , 19 ..!IA.. and shall be due on the ____u_ dly or e.:h succeeding
1r no t s ner paid . the balance of princip:il and accrued inte,est shall bo due and
payabl e ---,----""---~-~-~--afier clos ing . Pa yments {shall/shall not) be increased by
NA of esti maied an nw,I rC.11 estaie , • ..,,. :ind {shalVshall n01J be incra.sed by N, of
CSU!!!!Led annual propert y in suranc e premium.
Th• loan shall also contain the following terms u indica1.ed: If an y payment is not received wi tltin
BA calendar days aiter its due da1.e . a la1.e charg e or _11.&._'!l, or such paymen1 shall be due.
Interes t on len der disburseme nts under the deed or trust shall be NA % per aMum. Default
int rrc st r.Jte sh aJI be _.li.,_ ~ pe r Mnum .
Purthasc:r m:iy prep :t)' withou t a penalty e~c ept ---~------------·
4 , FINANC I. G COND ITIONS ANO O DLIGATIO NS.
(a) Loan Applicati ons (s). 1r Purchaser is to pa y all or pan or the purch ase price as set fortlt
in sec tion 3 by obuining 3 new lo:an or if l11 e~i stin g lo an is not to be relea sed at closing , Purch:ucr, if
req ui.rtd by such le nder . sh:i.11 mill ·e wri1 ten app lic aUon 'Nil1'1 in -11.l.__ calendar days from acceptance or
this co ntracL Purchaser shall coooeraie with Se ller and lender to ob<ain loan approv al , diligently and umely
pursue mne in good faith . nocllle all doc uments and furnish all infonnllion and documentS requin:d by the
lender, and , subject to sect ion 3, timely past the coru of obuining such loan or lender conscnL
(b ) Loan Approva l. Jr Purc haser is to pay all or pan of the pun:hue price by obtaining a
new loan tu specified in sec tio n 3. this contr.Jet i.s conditional upon lender's approval or lhc new loan on or
before ljA 19 _ .J!A.._. If not so approved by S3id date, this conrr■cl shall
tenninoLC . Jr the loan is ,'O •~proved. but such proceed! an, not available to Purchaser as miu~d in secti on
5 (Good Fwids) DI the Lime of closing. closin g shall be r..111:nded one time for~ calendar days (not
to e.ceed (5) five). I[ suffi ci ent funds an, no t then available, this contract shall Lenninate .
(c) E1isting I an rni,w. If an existing lo an is not to be released 11 closing, S, Iler
shall pr o,·ide copies of the lea n doc uments (i ncluding note. eed of trus~ modificalions) to Purchase, within
_.M.. calendar day• rrom octeptance of this contracL n I contract is conditional upon Purchaser's
r· vi ew and approval or the prov isions or such loan doc uments. Pwt:h:J.5er conscnu to lhc pro visions or
jUt:h loo n d(xuments ir no written objections is ruei vcd by Seller or Listing Co mpany from ~\.rcha.ser
withi n ~:ilendar da ys fr :im Purt:ha se ~~t ipt of suc h doc ument!. If I.he lender's appr oval of a ttansfcr ol
the Prope:ny is requir?:d . 1his con LrnCt is con diUonaJ upon Purchaser's obtaining such approval wilhouL
change in lhc terms of s ... h loan. c~cep t as set fort h in section 3. Ir lender 's appro val is not obwned on or •
:.Cfott BA 19__BA_, this conl13ct shall be te nninaied on such date . If Seller is
10 be re leased from liabilit y under such ex is ting loan and Purchaser does not obtain su ch compliance as set
forth in section 3, this conu ac t rnay be tenn inated at Seller's option .
(d ) Assumpt io n 0:1lanct. If Purc h:ise r is 10 pa y all or pn.rt of the purchase price by
ass umin g ~n e:dsUng loan and if 1.he actual principal balance of the cxisUng loan at the date of closing is
less th3n the amoun t in sect 1•m 3 by more th:Jn s-,-~~---,--,---,--then Purchase r m:J y 1.erminate
1his contr.:1c1 effcc1.h·e upo n rec eip t by Seller or Li su ng Compan y of Purchaser 's wrinen n01icc of
te rm inal ion .
(,) Credit lnfn rmoli on. If Purch ase r is to p:1y nll or part or the pur chase price by
e,·cu1ing a pr omiss ory no1 c in fa vor of Se ll er or if an el1 sti ng loon is not to be release at clo si ng . this
con tta ct 1s condiU on:il upo n Se ller 's app10 v:i.l of Purc haser 's fin311 ci aJ abi lit y and crcdil worthincss , whic h
approvru shall l'C at lhe Seller's sole and absolute discretion . In such to,e: ( I) Pun:ho,cr shall supply to
Seller on or before HA 19 ___ at Pun:h..,.r"s upense. information and
docum ents concern in g Pu rch:iscr's fin11J1c 1al. employmen t and credit condition : (l) Purchaser consenlS that
Seller may verify Purchaser's financial ability and crt:ttit wonh iness : (3) an y such information and
dixum ent, received by Selle, shall be held by Seller in tonfodeoce . and not released to olhers ••«pt to
protect Seller 's interest in this transaction: (4) if ScUcr does not provide written notice of Seller 's
disapproval to Purthaser on or before IIA 19 _ !!!_, lhen Selle, wlli ve,i lhis
co ndition . If Seller does pro vi de wriuen nou« of disapproval to Pun:ha.su on or befon, said date, lh is
co ntrnct .shnl l Lenniruue.
5. GOOD FUl'I DS . All paym enu requir<d at closin g shall be made in funds which
comp ly wi lh rul applicable Colorado laws .
6 . l'IOT ASSIGNA0LE. This t onu ac•. sholl not be assignable by Purthooer without
Sell er's prior written consent. E.cept as so reslricted , lhis co ntrn ct shall inure to lhe benefit of and be
bindi ng upon lhe heirs . per so nal representati ves , succeosor, and assigns of the panics.
purchuer'a
7. EVIDEN CE OF TITLE . Se llers shall furnish to Purthases. atW.Us c,pense .
cuh cr l curren t commiuncnt fo r owner's utlc insur:;mce pol icy in an amount cqua.J lO lhe purthase price or at
Seller s ch oic ::. an absUtK t of ulle ccnificd to a CWTe!'1t d3LC . on a, before December 14,
19 _n_. If a title insur.i ,c: cc mmitment is furni shed. Purtho,e r ma y require of Sellerthatcopi cs of 'l /ti
mstn.Jme nt, (or abs trncts of ins tnJments) listed in the schedule of e . .ceptions (Elc eptions ) in 1he title o [ • '
insun,nce commitment also be furnished to Pu~haser aL~fexpense. Th1.s 1'quuement sn.,11 pcruun ') r1,1.r l. \tt'}e , 5
only to instrumenis sho\L n o( record in the orrice o( the cleric and recorder o ( the designated counly or
cou nue s. The title insur3 nce co mmi 1.men1. together with an y cop ies or abstntclS of instrumenu furnishe d
rursu:mt 10 th is sccti cn 7. ccnsti !"I! lhe titJ e documcn lS (TitJe Documents). P~Wer must reques1 Sel le r --::;. J./ 1 10 fomi sh copies or abs~ts of instrumenl5 listed in the schedule of exceptions no l11er than ---=H::,_ ::,-v H./
czlend.u dlys after Pu~haser s rtteipt of the titJe insurance comm iunent.1 . I( Seller furn ishes a title
in.sUr3nce commitment , Selle r wi ll have the title insurance policy delivered to Purchaser as soon as
practicable after closin!!,IM·~•l s\Je ~""'iwn 91 elesing. 1/ j.(/
8 . TITLE.
(a) TIiie R,vi,w. Purthaser shall have the ri ght 10 in spect 11,e Title Document, or
abstrnct. Wri 11 cn notice by Purth:uer of unmert hantabilit y of title or of an y olhtt unsatisfact ory title
,( co ndition sho~·n by lhe Title Dixumenu· or al:.stract sh all be signed by or on behalf of Purthaser and given
to Seller or Lisung Compan y on or be/on• JI ,tO:-calendar da y, aner Purcllaser"s receipt of Title document.s
or abs1ract. or within fove (5) caler.dar d.,:,s after rece ipt by Purthaser of an y Title Document(s) or
cndorsemen1 (s) adding new E.\cep111;~~s) to the title commiLmenl together wi th a copy o( the Tille
Document add ing new Exceptionfs) to title . I( Se ller or Listing Comp311y docs not receive Purchaser's
noti ce by the dat,(s) spec ified above . Purthaser shall be deemed to have uxepted lhe condition of title as
disclosed by lhe Ti ~e [',oc ument, as satisfactory .
(b) M1t1,r, No l Shown by"" Public Records. Seller shall deliver 10 Purchaser.
on or befo:e tl,e date set forth in section 7. true copi es of all I e:ise(s ) and survey(s) in Seller's p0$SCSSion
p,nainin tt 10 the Propert y and sholl di sclose to Pun:hastr all easement,. liens or olher title mauers not
sho ~·n by the pub lic records of which Seller 1w acrual kn ow ledge . Purchaser shall have lhe right to inspect
the Property to determine if ,ny th ird p3rty (s) has any right in lhe Property not shown by lhe public records ---I✓;
(su ch as :in unrecorded C.lSCmen t. urucc ortlcd lc:ise. or bound3T'j line discrepancy). Written notice of any ,,--,v
unso tisfoctory tondition(s ) disc losed by Seller or reve31"1 by such ifw.uon shall be signed by or on behalf 7 / 0
o ( PurchJser ond given to Selle r or Listing Compa ny on or before A daye prior to clo•ioga
I( Seller or Li sting Com pan~ docs not rece ive Purc haser's notice by said date . Purch.lser shall be deeined to
hl''e acc epted title sub ject to such rights , i( an y. of thir d panies oC which Pw-chascr tw actual knowledge.
(c) Righi In Cu rt . 'If Seller or Lis ung Company 1'ceives notice oC unmc:-chantabilit y ur
rnl e or on v other unsatisfac 1n ry title cond ili on(s) M pro\·ided in subsecti on (a) or (b) abo ve. Seller shall use
rc.:uorub l~ effort to com et <:ud un sati sfacto ry Lille cond ition{i:) prior lo the date of closing . I( Seller fails to
co rrect slid unsatisfactory 111l e con jilionts) on or bcfo~ th e d:ue of closing, th is contract shal l I.hen
tcnnin :ue . subjec l to ction 17 ; provided , however , Purchaser m3y, by written notice rece ived by Sellu ~ , ~ / -
-;,«J Listing Co mpa ny on or before closi n1, waive objection to said unsatisfactory title condit ion(s). ...-_,p; '
/2 3 ~1\U.a~y '11 'f'f 9 . DATF. OF CLOSIN G. The dot.c of closingshall be on or bolo re Doee.al,er 31 1
19 ...:ft. or by mutuaJ 1gr,emen1 at an =lier dote . The hour and place of closing r,hall be u des isnaLCd by
--J),au,..r""c"baa•a,e.,r._ _________ _
I 0 . TR ANSFE R OF TITLE . Sub ject 10 tender or paymeo l on closing as n:quired here in
:ind compli::mcc by purc hJ.Ser wi th lhe olhcr ltnns and provisions hereo'. ;ellc r shall eucute and deliver a
good and sufficien t general v ■rran ty deed to Purchaser, on clo sing,
co nveyi ng lh e Propcny free ,nd cl= of all wes ««pl lhe general wes for lhe year of closing. and except
--,.,...--~--....,,..--,--,..,..--,--~--,--,-,----~· free aod cle:ir of all liens for
pcc 1aJ improvem enu 1nslal led as of lhe daLC of Pu rtluscr's signarure hereon . whelher assessed or no~
except disLribuuon utilit y casement.!. including ca ble n': e>ccpt lhose m11LCrs reflecLCd by lhe Title
Docu men ts accepted by Pur chaser in :iccord311CC wi lh subsection 8fo) : except lhose righl!, if any, of th ird
pmies in lhe Pr cpeny nor shown by lhe public n:c cn ds in accordance wilh subsection B(b): and subject 10
buildin g and zoning regula uon. ·
11 . PA HIE NT Of ENCU MBR ANCES . An y cncum br.ince 1equired to be paid shall
be p:,id at or before lhe time of se11l cmen1 fr om lhe proceeds of lhis ttans action or from any olher sourte.
,:;;?t_t l 12 . CLOS I 'G COSTS. DOCUMENTS AND SERVICES. Purch:tSer >~if#lf( -;;;it/
shall J"I )' ljfqlf respecu ve cl 05 ing cos u at closing , e,cept as olherwisc provided herein . Purc tuser ,nd Sell er
shall si gn and comp lete 311 cuswmary or required doc umcnt.s at or before closing . Fee.1: ror ~ c.sta te
cl os ing ,nd se1llemen1 seMces shall not exce ed S 11A and shall be paid al clos in g by
purcb.aaer. except pro rated taxes and . utiliti.ea.
1 J. PR ORATIONS . Gen eral la.es fo r lhe ye:ir of closing . based on the most recent levy
and the mos t re. ·cnt assessment rcnu. ""a t.er and sewer charges, owner's assoc iation dues . 3.lld inte~st on
cont inuing loa ns(~). H an y, :ind ____ n_o~tr_e _________________ _
SHALL RE PRORATE D TO DATE OF CLOS [NG. Any soles . use and lr.lnsfer tax lhal may accrue
because of lhis IT3nsoction shall be paid b)' ---~P~==c=ha=•~e~r~-----------
14 . POS SESS IO N. Possession or lhe Properly shall be delivered 10 Purchase r as foll ow s:
subjec t 10 lhe follow ing lcas tjs)or1enanc y(s): Seller also represents that there
are no unrecorded liens, encumbrances, leases, rights, option•, or other
interes ts that will iJlpede th7 purchaser's clear title1 exceff i-li.s
r t'~J tt to occ.u.pLj ;rem ,5&.,S Py 11,F, H ,,+="v..c..·, u"'~' I -;;?IV
al"1·d !011991/
If Seller. afLCr cl osing . fail s 10 deliv er po ss essi on on lhe date herei n specified. Seller shaJI be subjec t 10
evictio n and sh,11 be addi 1ionaJly liable 10 Purtha ser fo r payment of S 500. 00 per day fr om
the cbt.e or agreed possess ion until possessio n is delive red.
1 S. CON DIT ION OF AND DAMAGE TO PROrERTY. The Propen y and
Inclu sion! slia U be con \-eycd in their presen t con &i lion. ordi nary wear Lnd tear excepted. In lhc event the
Prorert y shaJ I be d:un3gecJ by lire or 01hcr casualty prior to tim e or closing. in an amount of not more I.h on
ten percent (10 %) or the tnLil pu rcha.sc price . Selle r sha ll be ob li galed to repaid the same before the date of
closing . In I.he event such d:tma¥C is not rep:Urcd withi n said time or if Lh e d.,magcs exceed such sum , this
cn n1.r.1 c1 m3 y 1,(: 1crmina1etl at the option of Purchaser. Shou.Jd Purchaser elect to carry r ut th is contract
dc.spne such d:Jm3ge . Purch:iscr shall be en titJed to credit for aJI the insurance proceeds rcsulling rrom such
d:i mngc 10 lhc Propcn y an d Inclusio ns, not Cl tcedi ng, however . the total Jmrcha.se pric e. Should any ·
lnc lusion (s) or service (,) fail or be d.lmaged berwce n lhe dot.c or this con1rac1 and lhe date of closing or tl1e
date of possession. whichever shall be e:ulier, lhen Seller shaU be liable for lhe repair or replacement of
such lnclusi on(s) or scr,icc s(s ) wilh R unit or similar site, age and quality, or an equivalent credit. less any
lnsur.ir,ce proceeds rece ived by Pun:hams covering such repair or replacement The risk or loss for any
damege 10 growing crops. by nre or olher c:i,ualty , shall be borne by the party enti~cd 10 the gm,,11 crops,
if 1111y, as provided in section 2. nnd such party shall be enti~cd 10 such insurance proceeds or benefits for
lhc growing crops, if any .
I 6 . TIME OF ESSENCE/REMEDIES . Time is or lhe essence hereof. IC any note or
check received a.s cat'Th!S I mane:, ~reunder or any other payment due hc~under is not paid , honored or
lendertd when due , or if an y 01ht Jblig cnion hereunder i.f no t perfonned or waived as herein provided. there
shall be the foll ow ing remedi es:
(1 ) IF PURCHASER IS IN DEFA ULT:
IFTHE BOX IN SUBSECTION (I) IS CHECII.W, SELLER 'S REMEDIES SHALL
DE AS SET FORTI! IN SUBSECTION (I) (Si-ECIFlC PERFORMANCE). IF SAID
BOX IS NOT CHEC K.E D, SELLER'S RHtEDlES SHALL BE AS SET FORTH IN
SUBSECT1 0N(2) (UQU!DA TED DAMAG ES).
-1,(1 ) Specific ~,rformance .
Seller may elect to trc3t this contra ct as c:inceled . in which case 2."I ~:?)'fflC:itS :md things or value
received here unde r sh all be forfe ited and rel.lined on behalf or Sell,•r, 311,J Selle. may nxover such
dam,ges ,s m,y be pro per , or Seller may elm IO trc31 this contrael as i,eir,g in full force and
effect nnd Se ll er shall ha ve the ri gh t 10 speciiic pe rfonnance or damages, or bolh.
(2 ) Liquidated Damag,s
Ali p:i ymcnl! and things or val ire r=iv cd hereunder shall be forfe ited by Pun:haser anc reu11ncd
on behalf or Sell er and both parlies shall tllereal\er be released from all obligations h~'"'Jer. It
is sgttt:d lhat such payments and lhings or value arc LIQUIDATED DI\MAGES and (except as
provided L. subsection (c) are SEIJ.ER'S SOLE AND ONLY REMEDY for Purchaser's failure
to perform the obliijations or lhis contract Seller uprcssly waives lhe remedies or specific
pcrf01TTiancc mid additional damages.
(b) IF SELLER IS IN DEFAULT :
Purchaser ma y elect lO trc:lt this conttact as cancc 1•d, in whid, case aJI payments and th ings oC
valu e received hereunder shall be rc turncd and Purchaser may recover such damages as 1otay be
proper . or Purchaser ma y el ec t 10 ttcal lh is contract a, being in full force and effect and Pun:,u.·
shall hove the right 10 specific performance or damages, or bo Llt.
(c) COSTS AND EXPENSES .
An ythin g to the contrary here in not'4·ithsunding, in the event o( an y litigation or arbitration
ari si ng out or lhi, contnct , lhe coun shall award 10 lhe prevailing party all re3SOnable COSL! and
expens e, im:luding attorney fcc.s.
17. EARNEST MONEY DISPUTE. Notwilhstanding any termina ti on or this con1r.1e1 .
Purchaser ond Seller agree Iha~ in lhe even t or an y controversy regarding lhe camcst money and lhings or
value held by broker or clo si ng agent , unless mutual written instructions are re ce ived by lhe holder or th e
e:lt'IICSI mone y and lh ings or value , broker or closing agent shall not be required IO lalr.e any ac tion but moy
await an y proceeding , or al bro ker's or cl osing agent's option and sole discreti on, may intclJ)lead all parties
and deposit an y mone ys or thin g, of value in10 1 coun or competent jurisdi ction and shall ret0vcr court
1
} cosu an d rc:is ona blc 3UOmc y fees .
Jlv 13 , _INS PE CTI ON. Purch,ser or .an y des ignec, sh_au hove the ri ght 10 ho ve in spection (s) or
the phvs ic:il con d1u on of lh c Property and lnc lu s1ons at Purch~r s expense. If w.IIten not ice of an y
•
unsa ti~f:i clOry conditi on. si'-!ncd by Purchas er. is not ro:e :ved by Seller or Li sting Com pa ny on or before ~ or ~o,~ ,i:towe t11 sloai~ . the ph ysi caJ condition or the Propc11 y and Inclu sions shall be
13 deem ed 10 be satis r3ctO ry to Pu rc h:1.Ser . 1r wri tten notice or any unsatisfnctory condition , signed by
Purc hJ.se r. is gi ven to Selle r or Li sting L"· •mo :in y as se t fonh abo ve in this se cti on, and ir Purchaser and
Seller h:1 vc no t rex he d :1 'J.'Tiuen agreement in settl ement lhc~or on or before ~g .Iara priar te ,cl11a:Hlg
1° ~. this conu-act shall then l<nninatc, subject 10 section 17. Pun:ha.ser is responsible and shall
µay for any damage which c.c-au., 10 the Property and lnchuions u a result oC such inspecllon .
.19. AGENCY DISCLOSURE. The listing broker,--,,-~-~-=----,--,--
-=------"'>-----and iu sales agent! (Listing Com(Jllly) repmenl r;, lier. The Listin1
Co mpany owes duties of lnJSL loyally and confidence 10 Seller only . While the !.bting Company has a
duty lo =1 P111tham honestl y. the Listing Company is Seller 's agent and is acti i:~ on behalf oi Seller and
not Purchaser. BY SIGNING BELOW , PURCHASER ACKNOWLEDGES PRIIJR TlMEL Y NOTICE
BY LISTING OR SEUING COMPANY TiiAT LISTING COMPANY IS SELLER'S AGENT.
Th ., selling bro ker, 11A
and iLS sales :1 genLS (Sc!Jing O ,mpan y) ,cp re.scnc
[IF THE BOX IN Sl BSECTI ON (b) IS CHEC KEC>. SEL'.ING CC \1PANY
REPRESENTS PUF .CHASER ONLY , AS SET FOR IN ,,IJIViE C-nON (b). IF THE
BOX IN SUB SECTI ON (b) IS NOT CHECKED , SE LLING co~~·ANY
REPRESENTS SEU.ER ONLY. AS SET FORTH IN SUBSECTION (a).]
(1) S,llcr . Th< Selling Comp any owes duties of trust. loyall y and confidence 10 Seller
only. Wh il e the Selling Company has a dut y 10 11u1 Purchaser honestly , tl ,e Selling Company is Sellu's
age nt and is acting on l-ehalf of Seller and not Purchaser. BY SIGNING BELOW , PURCHASER
ACKN OWLEDGES PRIOR TIMELY NOTICE BY SEUING COMPANY TilAT SELLING
C'JMPANY IS SELLER'S AGENT.
___ (b) Purcha5'r , If lhe box is checked: n,e Selling Con1 pany owes duties of l'llst. loyally
and confide nce to Purchaser on ly . While the Selling C:,mpany has a duty lo treat Seller honestly , the
Se lling Comp:in y is acti ng on behalf of Purchaser and not Sellet . SELLER AND LISTING COMPANY
ACKNOWLEDGE PRIOR TIMELY NOTICE BY SELL ING COMPANY THAT IT IS PURCHASER 'S
AGENT .
20. ADDl ',"IONAL ~ROVISIONS:
21 . RE CO MMENDATION OF LEGAL COUNSEL .. By si gning this document .
Pu rchase r and Seller acknowledge lhal tl 1e Se!Ling Compan y or the Listing Company has recommended tlral
Pu rthascr and Seller obtai n the advi ce of their own legal counsel regarding examination of title and tliis
co ntract
2 2 . TERMI NATION . In the event thi s conu-a ct is lmninate d. all µaymenu and th ings of
"al ue rece iv ed hereunder sh all be relllmed. and the parties shall \'le relieved vf :ill ~b!;gatioru hmundcr, ; , /
subject 10 section 17 . -;;;;;-)U
23 . NOTICE OF ACCEPTANCE/COUNTERPARTS. If this proposal is accepted (.)u-,,."'~t<Y]
by Seller i" ~oi ting and Pu rch aser r,,cci vcs notice of such acceptance on or before ~~ /o.
19.1L, ::,is doc ument shall become a contr.1cl between Seller and Purchaser . A copy of ~iis document
may be executed by each pany. ,epanuel y, and when e,ic h party has ex ec uted a copy lhueof, sc-ch co pi es
we en to ge th<r shall be deemed 10 be a full and complei, cu~lrlcl betwee n th e panics. ·
~IW"iit Eoglevood Dal, p~~~"ot Eoglevood
Dal,
Pu rtha sct's addscs., 3400 S Ela ti Street, Eoglevood, Colorado 80110
(TO DE COMPLETED DY SELLER AND LIST IN G COMPANY ]
24 , ACCEPTAN CE/CO MMISSION . Sell er accep t! lhe abo ve proposal lhi s _u__
day or NA , 19 _BL_. Seller shall pay 10 lhe Listing Company a
Comm iss ion or _.u,___ "'• or Ille gro ,1.1 purchase pnce or
Iii a.s agn:ed upon betw"'n Seller and Listing
Co mpany (or servic es in lh is tr.111sa clio n. In Ille event or forfeiture rr payment! and th ings of value
rece ived hertun der . suc h pa yment! an d th ings or value shall be di vi ded between Listing Company and
SeUer, one-half lhcrco( 10 Li sti ng Compan y, but n01 10 exceed lhe commission, and the balance 10 Seller .
Mo'toY CY,rn e. S:c:...,-u ,·t..e 4'
f}ie,-;;;:;,-jt/lj1,~ ;1-?L .L/:; Dote
Sc re:.,; 1 Dau, Sell er
Sell er 's address ~00~ So • l-l uro n <;t., P •VC ~, CO 80 /(O
Th ,1,,w;~1:1t'°',t1adrt,J,I AMUJ.r/t'J,J.I f<if~f ,rt,M t#,;,;. frl:Nt M1#mr1:1r,c1-'{i/l ;:;? , 1 ,
-H.~9d J /JM U~VdttdNi#'ltrfllJV.-ttt~Ni#'lr.Pffif.1.,.1T'fWV.'l.1V°J'llM NIW'm K
Dm./QJ'fl#fFTJ 1rtWrl Pl f#IV,fJN IU I I
CO.NTINGENCI.ES
1. The _property will be tnnsfcrred free and clear of all liens and cncumbrance:i.
2. a. Findings that illustrate no environmental conditions exist would prohibit the
construction (permitting , etc .) of the proposed &olf expansion and renovation.
b. No en viro nmental conditions exist that would cause the City of Englewood to
cleanup or improve the property for federal, state , county, city or other hcallh
concerns .
c. A determination that the property has sufficient soil conditions t!iat allow fo r the
constru cti on of golf facilities.
d. Upon acceptance of the contract, the purchaser will be allowed to inspect the
subject prope rty, drill test holes, and determine the depth of fill over the landfill
cap. materials contained in the landfill, etc. result! of these test! will remain
confidential between the purchaser and seller to the extent regulations allow.
Seller agrees to assist in acquiring acce:is to the property at the expense of the
purchaser.
3. Contingent upon the City of Englewood obtainin,~ financing for the golf counc expansion
and renovation in the amount of S3,S00,000 at an interest rate not to exceed 7.09', with
a 2S -y ear term in the form of Revenue Bonds. A plan for finar.cin& must be approved
before December 20, 1993.
4. All structures, underground storage tank., (if any), materials, equipment, fence:i (at the.
decision or the City ) and any other items on the property must be removed by the !~li er.
S. The contract is contingent upon the City of Englewood being able to obtain an
approximate 3.S8 acre parcel of land, for the golf expansion, shown in the attached
illustration .
6. Any water right! of record that arc currenUy owned 1lftd-!lie seller and associatetl with
the proper ty are included in the sale. /Jy ·-?/v
7. The City or Englewood has the right to waive any of the contingencies .
8. Ui)O n acceptance of the contract by the Englewood City Council, the SS ,000 earnest
money deposit will be placed with a mutually agreeable escrow agent . Any earnings
accumulated up to clo sing will be credited lo the seller . Said sums will be returned to
(he purchaser if the contingencies are no t satisfied . ·
PURCHASER
By :-----------
ADDITIONAL PROVISIONS
1. The Cit )' •111 pay a purchaae prlce o-t I 684,310,18, Thia I•
ca l cula t ed by uolng 19 ,637 acres and I.BO per aquare foot,
I 19,637 acr~a X 43 ,560 X 1.80 • 1 684,310.181
2, The contract p r o v ides that the closing •I 11 be on or before
January 4, 1994 . 1 1 the eal ■ clo••• on or b efore January 4, 1994,
the Flea Market operation on the· rop e rty •111 have until April 10,
19 94. to vacate a nd clean up t h e property, 'o the reasonable
sa ti sfaction of the City of .'nglewood, Al I pre , ~t 1ub-tenants of
Sal l ■ra Lessee, A.F.M., Inc ., wll I be &Ivan notice to vacate on or
pr i or to Ja n uar y 1 , 1994 .
3 . Al I s ol I tests ■II I be c onduc t ed under the t ■rma o-t the Apr il
23 , 1993 let t er d l cec t,: t o Mo t or Crane Service Co ., (Mr . Flo y d
Win alow, Preaide nt J and A.F.M., Inc . lMr . Ron Lundara, Pra&ic!ent ).
A. Se l !e r and Fur-:::h aser agree t h a t Tenant IA .F.M,, Inc. I w ! 1 1 -.,ay
no re nt ~! fee a ft e r closi ng.
5 . C it y •I 11 be a l l owed a c ceas ·o the property aHer closing f o r
p l a n ning , des i gn, s u rvey, grad ing or to atore and place impo r ted
di r t f l 11 materia l. This activit y e h al I be conducted 10 a1 no t to
Interfere .. 1th the F l ea Mar k et •hl l e stil I operatlni, or In t erfe r e
•It h the remo v a l ,i i p r ope r t y be l onging t o A.F .M., Inc. o r S u b -
Tena n t1.
6. Sellers Leo•'""· ,,.•i '1., Inc ., will have the rl11h t to lea v e !ta
ex i sting sign In pla c e f 'lr the per iod of one year after vaca ti on of
t h e property to ad v ise the public as to mattera related to a new
lo c ation for the F l ea Market. A.F.M., Inc. will alao have t h e
right t o ha v e a ba n ner, 4 feet by 100 feet, plac11d on the fence
a Io ns San t a Fe tha t wl 11 rela t e to a new loca ti on of t he Flea
Mar k e t , subjec t to co in p l i ance wilh applicable ata.t •Jtes and---//,
ord i na nces~ f o ~ a ~~~ioC c : 1 v e ar a:ter vacat io n of t~e =ro c e =:v . /~(/ -t>f -;:;,w . . .
Se!.ler shall v.·::..t=--. held 535,437. 7B 11t he purc ha se price unti: ;:oi;sess i o r.
is Ce!1 ··e r ~d t o t t e Ci:y on o r be f o r e h?ri l 1 0 , 1994 .
SE LL ER: PURCHASER
MC TO R CRA NE SERV ICE CO . CITY OF ENGLEWOOD
a y ~/d4)J /Jr~w l t-By ___ _
L£CAL DESCRlPl'ICl!
A parc1l o! land located in S.ction 4, Tovn1hip , South, Rana• 68
l.'ut ol the 6th Principal Haridian, County of Arapaho,, S:ata of
Colorado, being DIOrt parcicularly ducribad II lollo1111
!EGlllNlNO ac th• South111t cornar of th• NW 1/4 of uid Section 4; thane ■ H ~9°49'30" W (baaia cf baarin~• bainc S 00°3 1 1 36" w, along tha
~Htarl y lJ.na cf tha S& l/4 ot tha N\I l/4 o f u1 d Saocion 4 u
monumented vith No, S, r ~h •n vith cap ■ merkad L$ 112083 houud i n
ran;■ box) along tha South H n• of nid NII 1/4, a dhuaea of ss,.sa
fut, ch, th ■ Eutarly Una d En1le,..ood Golt Co·,ru, alaa bdn& tha
Eaaterl y lina o! a parcel d11cr i b1d in Book 2651 at Paga 5821 th1nc1
alone th• E11t1rly l!.111 of ,aid 01rc1l th• followin; throa (3) COU?ll~I
l) N 16°57 1 22"
0
!, a di1tinr 9 of 684,51 fut:
2) :h1nc1 N 48 12'25" E, a l l,11nc1 o! 713,59 1 •1c;.
l) t lunca N 4B 0 2l'09" E, a dUt~n•.• ol 105,0l luq
to• point on the F11t lina of th ■ NZ l/4 of th• In/ 1/4 of ■aid Saation
41 t h1nc1 S 00°31 1 1] a, 69,76 f11 t , along th• 11id 111c l int of th• N?
1/4 i;I/ 1/4 of uid '. •t t:ion 4, to il a SIi conitr of tho SW 1/4 NII l/4 NI
l/4 of uid Saction I tbtnca 5 U 0 40'2J" ?:, 52,86 hat alon1 tha ~
lina of Lot 6, Bloa ~ l, b1in1 alao th• Southerly lin• of the N111
1/4 of said Saction 4. end tha 1outharlin1 of hnnon SubdiY:l.aion nd
tht northv11c corn1r
0
of Yenieh Subdivi1i0n1 thane• Sl6°2J'04" 11 1 elon1
tht •t ■etrly lina of uid YAlilSH 5UDDlVlSlOH 1 a diatanc1 of 983, 71
fut: thtnct S ·;3°11 1 05 11 £, al0o11g cha Southarly line oi uid YANISn
SUBDIVISION, 1 di1unc1 of SSJ,9J !Ht; th111c1 S 16 34 1 15 11 II, a
diaunc1 of 94,19 !11t1 thane ■ S 73 15 1 56" E, a di ■tanc• ot 199,80 hat
to a point on the lluurly ri1ht~o£-v1y lint of U,S, Highvay No, 851
thane I S 16 ° 44 106" II, alon1 uid rlght-ot-v1y I a di& ta nee of 14 7, 33
f11c to a point on th1 £11t-~11t c1nterlin1 of ■aid Section 41 th1nc1 N
69°46 1 13" II, along n/.d c1nt1rl1n1 • diatanca of 459,64 f11t to ch,
Paine of B11inning, County of Arapahoe, State of Colorado, Cont1inin1
l9,6 J 7 Acr••• =ore ~r 1111,
PHASE I AUDIT
City of Englewood
Englewood
Golf Course Expansion
Conticgent _
P•=srl
City of Englewood
Oep:anmen1 cf Recreation Services
11 55 West Oxford Avenue
En~!ewccd, Cc ror ado '!~~ ~ C
Phon e (3 03) 762 • 1168
Ap n l :J . 1993
~I r Flo~d W 1n:,lo\.l,,•
Mmor Cr.inc: Scr\'1 cc Compan.-
300:! So uth Huron
Eoi;k"ood . Colo rodo SOI 10
De.:ar ~tr. Wins lo1-1, 2nd ~fr . Lundcrs :
Ro n Lu.o dcrs
~-.=vt., Inc.
,'100 $.ou th Wasrun;too S1ree 1
EojllewooJ. Col orodo 80 110
F,>.J( (30J) 762-1159
la rcsponSI! to your reques t. I ha,·c a.ssc 1J1 blcd this pad:et of informatio a descnbing our request for ac _ e.ss to your
pro pc.rt~• and tcsung of the sell condi1io ,.15 , As yo u are aware, the C11y of Eoglewood is currtotly pur;wng a
feas ibilit y s1ud~· for the possible furur .: Cjpans100 of the Enelewood Golf Course . Tb.is txpao.s1 oa hinges on a
nu mbe r of factors. mciudtng the cood1u on and depth o f cover over the previous landfiU. :ind of .:curse. our
su cc:css ful nc go 1iauoa and a::qws1 l100 o f rcqwrcd pro peru es.
Our intent is 10 work ve ry do~ly wu.h yo u in every aspect of the stud y and to seek your coope r:uion as we move
fo r.i.•ard . We f~I that the proposed expansi on is an ex cell ent use fo r the property and 1,1,1sb to oegoti.ate a f.au and
bc:nefi .:ia l trao.s.act1 00 for all parues.
Pnor to making a final doc isioo on wb..ich propert,~ are to be acquired . and ultimately ih.od to 1,1,bat extent th e
exp:ins 1on will occur , we mwt com.mil to the noc.tSSa.ry ·Jue diligen ce · regarding th e i.:o oditio n of the property.
We: ask yo ur pcrmiss 100 10 have access to yo ur property . as iden ti fied on th e attached map, to co odu c1 the field
1,1,ork of our Phase II enviro a.meotal audit. Our in tentions arc to spend 1·2 days oo your prope rty fo r the pu rpo se
of drilling llpp ro umately 20-::.S bo les at a diameter of r-4 ·. to a depth of 4 ' •8'. This will all ow lU to define the
co nditi on and depth o f cover o-.·cr the pre-<xistiD& landfill and to rc'o'iew the co od itioo of the land fill material . We
v.il l eat.tr the si t.: willun one (1) weelc after receiving your approv al and w;u in fo rm you \Ill e.bin forty...eigbt (-1 8)
hours i.n aJvaocc . The names acd addre.~scs of Gre ysto oe rep~nt.alives or th ei r co nt ractors will be provid~ to
k~p you in formed; the en closed. packet .dentifies Greystooe pcoonnel.
I have encl osed a map that illu . .n~~ the appro ximate loca tio n o f the test boles. Thi s wo rk will be coo rdin ah.•d by
The Greystone Company, an e0vitonmecu.l co nsu lll.ng firm . The y will keep yo u ab re3St of work as it is done and
will coord,inat.e the ti miu e of their work a.s lO mirunuu the dis rupu on to yo ur operati on . We will resto re the
prt!m1.sc:s 10 a cond itio n equal to or better than the rood1uon exi s1ina al th e time of eotry .
A.l...o enclosed is informa tio n on their com pany, the ir qualifica 1ions 10 complek th e work , specifi ations on the
equipment to be: used , a re rt ifica~ of 11:ib,ht) insu rance , and a list of repr esent.alive pr0JCCLS previously com plctt!d
b~ Gre~sto nt!.
Th~ ~rmitta 1,1,,·1II furni sh to the o..., , .opies of a.II doc uments prep:ued :a.s a resu lt of th e tests 1nvolved. un t!dited -~ :K,c,o<>,•
by the City or Eag ! d or its consultuta, and a1J co mple:.ed conclusions aod opin.ioDJ arrived at with a
ccrtifia.tioa that c,14 ~ ...1, bas been fumished a COtDfJlde sec.
la the event I.hat 10 y of ~e materials taken from the property :!r: pu t i.a the hands of third parties for testina, the
condi tio n of placi.n s tbc :nateriaJ in the bands o f a third party for testina will be that the owner will receive
dupli ca«: co pies of al. ·" • rcsul15 furnished IO the Ciry of Enalewood and/or coo.sultao15 hi.rod by the City of
Eng lewood .
Gn:ys tooc agrees Lo lllLJe,urufy an d bold twmlcss the owner and lessee thereof, for all iajuries and damages
t"C.\-uhing from claims or lh.i 'll patties. LS a result of the entry onto said property . Grey stoae aJso a£T'CC,S to name
~fotor Crane Servi u . Company and A.F.M .• Inc. as additiooaJ in.sured, on its insurance poli cies .
The C11 y of Engl ewood loo ks forward to workina wi th yo u and to mo vina forward . This • aecessa.ry next step
be fo re an y finaJ dcc:isiCIOJ 1'fe reached regardiag a.cqWsitio a .
Plasc sign below ..s ai .:o o...,·lcdgemeot of our Ul teoti ons and permi~ioa Lo access the property . Thazil:: you fo r
yo ur coope rati o n.
Sin ce n:l v, )/A~ JI:~.-~
City or Englewood
Jerrell Black
Dir«tOr of Recrcati 1Jo
Moc or Cran, Seniu Ca. ./
By:~,½«£-
Fl oyd Winsl ow. P~ideat
0...11er
Greysto ne
By: ,--,. "Ji 1{4
Jerry ,blitz \ --\
A./4(,_f)IJ L
~Wu.~
Holder or pro perty lease
Dat e
Decem ber t,, I \l<lJ
IN ITIA TIO BY
COUN Cll COMMUNICATION
Age nda Item
12 f
Subject Land acq u isition for
Golf Course Expa n si on
Departmen t of Recreation Sen ·ice ----------------------------
STAFF SOLRCE Jerre ll Black Direclor of R creati on Sen·ice
CO UNCIL GOAL
c~,mmun it\· lnterc1c ti 0n and Ec0nom1 c Ll;?\'el opment
IS.SUE/ ACTION PROPOSED
St.111 ><'<., Cn uncil appro,a l oi a resolutio n au ll,c,rizin5 the purchase of /,rn d ior tlw
e,pa ::,1tm \'i tht' Gol { Cour!'t' The land in ques tion (19 . ",37 acres ) is currt1n tl~· O\\'lll"d l,\. tht1
\h,t Pr Cc.1:1< S,,n k , C o mpan::, and the,· h a,e ag reed to sell 1t lo the C it,· o f Enf;le \\',,nd rnr ::-'-i 'I ! ..,
PRE\ lOLS CO UNC ll A CTION
hp,,,,,:· ,'•'»ihlit1e-"·,:, d1 _ u ssed \\'it h Coun cil in j,rnuar\', 1992 . A feasibilit\' s tud,
,,·a !' ,lllth~'i :/n.i ,1nd mit1.1l re(ommenda ti ons fo r e,p(1n:-ion \\·er ap_ ... •\•\Cd by the Parl-..::-~111J
Rn·r..,,111,111 Cnmmi»ion m .-\ 1g ust, 1992 and b,· Ci ty Council in Septe:nher , 19 2 . r\fkr
e 11ro11111cnt.1I reseMch \\'do co mpleted and property acq uisiti ons w e re e,a mined , a iin.1 I
Tl l.'."l 'n-,ml
1
nd.1 tion fo r course e ,pansion wa s appr o,·ed by th e Parl-..s an d Rec rea tion
C ,,mm.,,i.,n and th,; 1ty Coun.:i l in October, 1993 .
BAC KGr .. onm
L,,,.,I .;,1/; :lu b;, !>en k e ;.:r,1t1ps. ~..: the Cit\· nf Sh e ridan ha , e been suppo rt il·e of
\f',lihll>n p ,,,,,[,i/itie, The final e,pansi on plans include impro1·e ment to th e clubho u;e,
an 111d,,<'r t,.i. hin.-; ,,cade ,,. a nine (9) h o le Par 3 additi on , and imprm·e m en t, to existing
~\11r h{ll1.--
PROS AND CONS O F OPTtONS REVIEWED
The \l nt,,r C rane parcel is the ke)· parcel fo r g olf expansion . \\'i thout th is piece of
pr perty, the nine (9) hole Par 3 ad dition will not occ ur. The clubhouse improv ements, th e
in door tearJ1ing academy, and improvements to the existing golf holes co uld still take pin ce
with o ut th is aca u i iti o n .
STAFF ANALYSIS
We haw l·een wor ing with the owners of Mot or Cran e Se rvic0 Compa ny for about 12
mon th s . They are , er\· fam ilia r wi th th e Ci ty of En g lewood and the Eng le w ood Golf
Course. They s old the City 3.5 acre s to build the ex isting fr on t nine (9) h les at th e go lf
co urse . Th e City r.fonager's Office and th e Ci ty Attorney 's Office ha r rov ided d irection
and sup port through 0u t the neg ti ation process . We fee l we ha .,e nego tiated in good faith
and e ttl ed on a contract that is fair and eq u itabl e to both Motor Crane Service Company
and to the City of nglewood . Closu re on the oroperty will occ ur on or before Janua ry .J ,
199 .J . A; \\"i th th e c•.1 rrent front n in e (9) holes, this p roperty is a lso loca ted on an existin g
landfill
FINANClAL IMPACT
Total a cr~ag e
Cost
Total C0st
1 ,1t.:re
19 .t,37
19 637 acres
squa re foot
6S-l ,310 .18
-B.5 Sl'.)Ua re fee t
x -1 3,560 quare feet , .eO /sq . ft.