HomeMy WebLinkAboutB10-0423 Developer Improvement AgreementCASH DEPOSIT FORMAT • (�il I I
Receipt funds to: Legal Description: Lot Block l
Name: 4>44.4 VA ,c , LC � Subdivision: S e-
Mailing Address: . D. Qo 23 - Y Z. Address: ion e
�,,, A,? d t' ee 1G3L Developer: ( u
Permit Nu mber: f 7 ffCr 10 - T&t
Project Number: 610- ONe13
Improvement Completion Date: / 31, c)oit
DEVELOPER IMPROVEMENT AGREEMENT
THIS AGREEMENT, made and entered into this 9' day of / - q/Z!Z 20 z
by and among Ql11C7 V ic_ L-4C- (the "Developer"), and the Town of
Vail (the "Town "). 1 1-1-e-
WHEREAS, the Developer, as a condition of approval of the Temporary Certificate of
Occupancy for 7 i!i', -2 o4,o _
(address, legal descrip ' (n, d project n ber) wishe��� eloper Improvement
Agreement; a
WHE EA the per is obli ted to provide security or collateral sufficient in the
judgement o he �n reasonable provisions for completion of certain improvements set
forth in the a ed estimated bid(s) in actor ante with the approved plans and specifications
filed in the office of the Comm nity De lopme epartment of the Town of Vail; and
•
WHEREAS, the De to er top ide colla o uar tee performance of this
Agreement, including comp *th II impr vements r in is Ag reement, by means
of the following: 0 •
The Developer agrees to establish a cash deposit account with the Town of Vail, as
escrow agent, in the amount of $ -Z-1Z as collateral for the
completion of all improvements referred to in this Agreement, in the event there is a
default under this Agreement by the Developer.
NOW THEREFORE, in consideration of the following mutual covenants and agreements,
the Developer and the Town agree as follows:
1. The Developer agrees, at its sole cost and expense, to furnish all equipment and
materials necessary to perform and complete all improvements referred to in this Agreement. The
Developer agrees to complete all improvements referred to in this Agreement on or before the _
day of 31r' 4,,,, , 2011 . The Developer shall complete, in a good workmanlike
manner, all improvehents referred to in this Agreement, in accordance with all approved plans
and specifications filed in the office of the Community Development Department of the Town of
Vail, and to do all work incidental thereto according to and in compliance with the following:
a. All said work shall be done under the inspection of, and to
the satisfaction of, the Town Planner, the Town Engineer, the Town Building
Official, or other official from the Town of Vail, as affected by special districts or
service districts, as their respective interest may appear, and shall not be deemed
F: \CDev \Developer Improvement Agreements \DIA cash format_051607.doc
Page 1 of 5
complete until approved and accepted as completed by the Community
Development Department and Public Works Department of the Town of Vail.
2. To secure and guarantee performance of the obligations as set forth herein, the
Developer agrees to provide collateral as follows:
A cash deposit account with the Town of Vail, as escrow agent, in the amount of
$ .:Z50 - as collateral for the completion of all improvements
referred to in this Agreement, in the event there is a default under this Agreement
by the Developer.
3. The Developer may at any time substitute the collateral originally set forth above
for another form of security or collateral acceptable to the Town to guarantee the faithful
completion of those improvements referred to herein in this Agreement and the performance of
the terms of this Agreement. Such acceptance by the Town of alternative security or collateral
shall be at the Town's sole discretion.
4. The Town shall not, nor shall any officer or employee thereof, be liable or
responsible for any accident, loss or damage happening or occurring to the work specified in this
Agreement prior to the completion and acceptance of the same, nor shall the Town, nor any
officer or employee thereof, be liable for any persons or property injured by reason of the nature
of said work, but all of said liabilities shall be and are hereby assumed by the Developer.
The Developer hereby agrees to indemnify and hold harmless the Town, and any of its
officers, agents and employees against any losses, claims, damages, or liabilities to which the
Town or any of its officers, agents or employees may become subject to, insofar as any such
losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon
any performance by the Developer hereunder; and the Developer shall reimburse the Town for
any and all legal or other expenses reasonably incurred by the Town in connection with
investigating or defending any such loss, claim, damage, liability or action. This indemnity
provision shall be in addition to any other liability which the Developer my have.
5. It is mutually agreed that the Developer may apply for and the Town may
authorize a partial release of the collateral deposited with the Town for each category of
improvement after the subject improvement is constructed in compliance with all plans and
specifications as referenced hereunder and accepted by the Town. Under no condition shall the
dollar amount of the collateral that is being held by the Town be reduced below the dollar amount
necessary to complete all uncompleted improvements referred to in this Agreement.
6. If the Town determines, at its sole discretion, that any of the improvements
referred to in this Agreement are not constructed in compliance with the approved plans and
specifications filed in the office of the Community Development Department of the Town of Vail or
not accepted by the Town as complete on or before the date set forth in Paragraph 1 of this
Agreement, the Town may, but shall not be required to, draw upon the security referred to in this
Agreement and complete the uncompleted improvements referred to in this Agreement. Pursuant
to Section 12 -11 -8, Vail Town Code, the Temporary Certificate of Occupancy referred to in this
Agreement may be revoked until all improvements referred to herein are completed by the
Developer or the Town in accordance with this Agreement.
FACDev \Developer Improvement Agreements\DIA cash form at_051607.doc Page 2 of 5
If the costs of completing the uncompleted improvements referred to in this Agreement
exceed the dollar amount of the deposit, the excess, together with interest at twelve percent
(12 %) per annum, shall be a lien against the property and may be collected by civil suit or may be
certified to the treasurer of Eagle County to be collected in the same manner as delinquent ad
valorem taxes levied against such property. If the Developer fails or refuses to complete the
improvements referred to in this Agreement, such failure or refusal shall be considered a violation
of Title 12 (Zoning Regulations), of the Vail Town Code, and the Developer shall be subject to
penalties pursuant to Section 12 -3 -10 (Violations: Penalties) and Chapter 1 -4 (General Penalty),
of the Vail Town Code.
7. The Developer shall warranty the work and materials of all improvements referred
to in this Agreement located on Town property or within a Town right -of -way, pursuant to Chapter
8 -3, of the Vail Town Code, for a period of two years after the Town's acceptance of said
improvements.
8. The parties hereto mutually agree that this Agreement may be amended from time
to time, provided that such amendments be in writing and executed by all parties hereto.
FACDev \Deve lope r Improvement Agreements \DIA cash format_051607.doc Page 3 of 5
Dated the day and year first above written.
eveloper
STATE OF COLORADO )
)Ss.
COUNTY OF EAGLE )
The foregoing Developer Improvement Agreement was acknowledged before me this
_ Day of F�XuG� , 2011 by (rLP,c a t ,
Witness my hand and official seal.
My commission expires e7pol
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— cq
p ' L: ;tary Public
PUBO
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OF CO�'�����`�
Town Planner
STATE OF COLORADO )
)ss.
COUNTY OF EAGLE )
The oregoing Developer Improvement Agreement was acknowledged before me this
Day of jr 20_LL by
Witness my hand and official seal.
My commission expires: 4
AN ,q
"� • NOTAf?Y
N ry Public
N PUBLIC O
OF , iir r r n, 11100�
F1CDev \Developer Improvement Agreements \DIA cash format_051607.doc Page 4 of 5
Town of Vail
Department of Community Development
75 S. Frontage Road
Vail, CO 81657
Name: Receipt No. cl- p X73
Address: 073 n J
Project: e g y n7 l n _ p k to _ Date ) O l 1 t
Please make checks payable to the TOWN OF VAIL
Account No.
Item
No.
Code #
Cost Each
Total
001 0000 314 1110
001 0000 314 1110
001 0000 319 4400
Address Maps
Zoning Maps
Custom Maps
ZA
ZA
$5.00
$20.00
*
*
001 0000 314 1112
Other Code Books
CB
001 0000 314 1211
001 0000 31'4 1111
Blue Prints /M tar Copy Fees
Xerox Copies
BF
XC
$7.00
$0.25
*
*
001 0000 314 1212
copies / faxes / CD
001 0000 314 1111
Master Plan
MS
001 0000 314 1111
Studies, Master Plans, etc.
MS
001 0000 312 3000
Contractors License Fees
CL
001 0000 240 3300
Developer Improvement Agreement Deposit D2 -DEP10
AD
001 0000 312 1000
Restaurant License fee (TOV )
RL
001 0000 230 2000
Sec. Assess.- Restaurant Fee to Co.De t.Rev.
SA
110 0000 314 1115
Resale Commission
MS
001 0000 319 4400
Miscellaneous
MS
Other -
MS
Other -
MS
Other -
MS
Other -
S
001 0000 201 1000
Taxable 4.4% State - Tax payable
P
jT
001 0000 310.1200
Taxable 4% (Town) - Retail Sales Tax
7
TOTAL:.
* all items charged tax
Cash Money Order #
Credit Card:
Visa /MC Last 4 CC #'s
Check # / C239 Rece
Auth #: Name on CC
f /cdev /forms /admin /sa les_action_form_2009. xis
n 0 \ 1
9 ,
4/2009
Town of Vail
++ CUSTOMER RECEIPT
Oper: AJANUSZ Type: FB Drawer: 1
Date: 2/11/11 01 Receipt no: 2257
Customer Location Name Amount
2972 2983 OW -8423 W VAIL LL
AD AR- DEPOSITS
$250.00
OMG VAIL LLC
PERMITH18 -8423
Tender detail
CK CHECK 1839 $250.08
Total tendered $250.08
Total payment $250.00
Trans date: 2/11/11 Time: 8:51:33
THANK YOU FOR YOUR PAYMENT!
PREPARED 6/07/11, 14:08:23 DEPOSIT REFUND REPORT- UPDATE PAGE 1
PROGRAM MR415U
Town of Vail
-------- -- --- — ------------------- ---- ------------- — --- — — --- — ----- -------- - --- ---- ------
CUST-ID CUSTOMER NAME TYPE
CHARGE DEPOSIT DEPOSIT -ADJ ADJUSTMENT AFTER- REFUND
CODE DESCRIPTION TX -DATE AJ -DATE AMOUNT AMOUNT AMOUNT AMOUNT
----------------------------------------------------------------------------------------------------- --- --- ---- --- ---------- -- - - -- --
2972 QMG VAIL LLC D2
DEP10 Dep- Developer Imp Agrmts 2/11/11 6/07/11 250.00 250.00 250.00- .00
------ -- -- - -- - -- ---- -- -- -- ------- -- ---- - ------ -- -- --
TOTAL FOR CUSTOMER TYPE: D2 250.00 250.00 250.00- .00
----- --- ----- -- ---- - - --- -- - -- -- -- -- - - -- -- --- -- - - - ---
------------- ---- --- - --- -- --- ---- - - - - -- -- ----- -- -- --
GRAND TOTAL: 250.00 250.00 250.00- .00
DEPOSIT COUNT: 1
G/L BATCH CREATED: BATCH -01696 2011/06 USERID- JLOVATO AP HELD
COUNT- .00 AMOUNT- 250.00