HomeMy WebLinkAboutB16-0141 Developer Improvement Agreement.pdfReceipt funds to:
Name: East West-Eagle Pointe
Mailing Address: 1500 Matterhorn Circle
Vail, CO 81657
CASH DEPOSIT FORMAT
Legal Description: Eagle Pointe Condominiums
Address: 1500 Matterhorn Circle
Developer: · Eagle Pointe Condominiums
Permit Number: 816-0141
Improvement Completion Date: June 15. 2017
DEVELOPERIMPROVEMENTAGREEMENT
THIS AGREEMENT, made and entered into this 21st day of March, 2011,
by and among Eagle Pointe Condominiums (the "Developer"), and the Town of Vail (the "Town").
WHEREAS, the Developer, as a condition of approval of the Temporary Certificate of
Occupancy for 1500 Matterhorn Circle. Eagle Pointe Condominiums (address and legal
description) wishes to enter into a Developer Improvement Agreement; and
WHEREAS, the Developer is obligated to provide security or collateral sufficient in the
judgement of the Town to make reasonable provisions for completion of certain improvements set
forth in the attached estimated bid(s) in accordance with the approved plans and specifications
filed in the office of the Community Development Department of the Town of Vail; and
WHEREAS, the Developer wishes to provide collateral to guarantee performance of this
Agreement, including completion of the all improvements referred to in this Agreement,
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
151h day of June, 2017. The Developer shall complete, in a good workmanlike manner, all
improvements 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 ofVail, as affected by special districts or
service districts, as their respective interest may appear, and shall not be deemed
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
$ 3,560.00 as collateral (125% of the total costs of the attached estimated bid(s))
Page 1 of4
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.
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 12-3-9 (Violations: Penalties) and Chapter 1-4 (General Penalty), of
the Vail Town Code.
Page 2 of4
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.
STATE OF COLORADO )
) ss.
COUNTY OF EAGLE )
The foregoing Developer Improvement Agreement was acknowledged before me this
21st Day of March, 2017 by _-._,1'-'D.uCAIU..Lf---Lm..!...""'-).1..>... ~sS<!..,L:_ ________ _
STATE OF COLORADO
COUNTY OF EAGLE
)
)ss.
)
The foregoing Developer Improve ent Agreement was acknowledged before me this
21st Day of March, 2017 by, -7'!-'-'......,.~IIOL...l---1..-'+"~....!....::::,___ ____ _
Witness my hand and official seal.
My com mission expires:-ra~~f-£L.,_~_,·,__/ _ __,_/9--L.#--, __..d}-""'----"0'--"IJ_b'------
//-~~+M~ 7 l • ry Public
Page 3 of4
ATTACHED COPIES OF THE ESTIMATED BID(S)
Page 4 of 4
Jonathan Spence
From:
Sent:
Christopher Cutsforth <christopher@ pnciconstruction.com >
Tuesday, March 14,2017 11:39 AM
To: Jonathan Spence; Todd Massa
Cc:
Subject:
Todd Schmitt; Cheris R. Campbell; Chris Green
RE: RE: 1500 Matterhorn, Eaglepoint Elevator
Mr. Spence,
Just to be clear,
You would like an estimate ofthe remaining exterior items:
Paint $ 1500
Masonry $ 500
Landscape~ lj £0
Total of ~-· surety check for 125% = $~
Mr. Todd Massa with East West-Eagle Pointe
( whom is also included on this email),
will write a check, deliver and be the signer for the DIA.
Let me know this is correct.
Thank you.
Christopher Cutsforth PM
PNCI Construction Inc.
Office 970-242-3548
From: Ron Johnson
Sent: Tuesday, March 14, 2017 8:45AM
To: Christopher Cutsforth <christopher@pnciconstruction.com>
Subject: Fwd: RE: 1500 Matterhorn, Eaglepoint Elevator
From: Jonathan Spence
Sent: Tuesday, March 14, 8:42AM
Subject: RE: 1500 Matterhorn, Eaglepoint Elevator
To: Ron Johnson
I will need the following information to do this.
1
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/J>_)bO
Jonathan Spence
From:
Sent:
Christopher Cutsforth <christopher@pnciconstruction.com>
Friday, March 17, 2017 10:33 AM
To: Jonathan Spence
Subject: FW: EP Landscape Plan, Costs-Eagle Point
Mr. Spence,
Please see Landscape breakdown in the email below.
Please direct us on the next step.
Thank you.
Christopher Cutsforth PM
PNCI Construction Inc.
Office 970-242-3548
From: Todd Massa [mailto:TMossa@eastwestresorts.com]
Sent: Friday, March 17, 2017 10:13 AM
To: Christopher Cutsforth <christopher@pnciconstruction.com>; Ron Johnson <ron@pnciconstruction.com>; Todd
Schmitt <todd@pnciconstruction.com>
Cc: Chris Green <chris@agostudios.com>; Rodney Beidelschies <rodneyb@EastWestDH.com>
Subject: FW: EP Landscape Plan, Costs-Eagle Point
Good Morning Christopher,
Please find our landscaping estimate and materials for Town of Vail in the email below. We were actually able to bring
the cost down by doing the work in house by our staff. So what I thought might be $2000, will actually only be about
$845.
Please let me know if you have any questions.
Thanks,
6 M\j];~'
eostv'v1est
F -. olt,f'rlft"'rio~::· Jltl~r·n.iU-tT~ -
Todd Mossa
General Manager I Broker Associate
Eagle Point Resort
Vail Mountain Lodging by East West
1500 Matterhorn Circle I Vail, Co 81657
970-476-6905 11-888-605-8245-Reservations
tmossa@eastwestresorts. com
www.eaglepointresort.net
-.}] Please consider the environment before printing this email.
1
"Indifference about the distinction between truth and lies is the precondition of fascism. When truth perishes so
does freedom."
Simon Schama -British Historian
On Tue, Mar 14,2017 at 3:49PM, Todd Mossa <TMossa@eastwestresorts.com> wrote:
Hi Chris,
So here is what we were thinking and discussing earlier for landscaping:
I would like to have river rock spread out across the entire area around the elevator. Then have the 2 red twig
dogwood bushes planted as well. Here are the costs I was able to come up with.
Dorado Beach River Rock-Home Depot-$12.27/40lb bag
We estimate our needs at 1200 lbs ofrock for a total of33 bags and $405
2 Red Twig Dogwood Bushes-Monrovia.com-$59.95/3.6 gallon container
$120.00
Labor to be performed by Eagle Point staff at 2 Staff members making $20/hr for 8 hours worth of work.
Total Labor-$320.00
Landscaping estimate-$845.00
Let me know if you have any questions or if we need to tweak anything.
Thanks,
5
Town of Vail
Department of Community Development
75 S. Frontage Road
Vail, CO 81657
Name:?Ct..~-(R. /6,~ ~l!:::lC~) Ass()c_. Receipt No. [o'-fiJ.~
Address: 1Suu m,.JIUh:lCO C,cc.AL I v~: I 3 J_l I IJ Project: l)H ,( ... o IL-tl . Date
Please make checks payable to the TOWN OF VAIL
Account No. Item No. Code# Cost Each Total
001-0000.31411.10 Address Maps ZA. $5.00 *
001-0000.31411.10 Zoning Maps ZA $20.00 *
001-0000.31944.00 Custom Maps -*
001-0000.31931.00 Postage Revenue
001-0000.31411.12 Other Code Books CB *
001-0000.31412.11 Blue Prints/Mylar Copy Fees BF $7.00 *
001-0000.31411.11 Xerox Copies XC $0.25 *
001-0000.31412.12 Digital Records -CO/Jump Drive $60.00
001-0000.31412.12 copies·/ faxes I CD *
001-0000.31411.11 Master Plan MS *
001-0000.31411.11 Studies, Master Plans, etc. MS *
001-0000.31230.00 Contractor Registration Fee CL
001.24033.00 Developer Improvement Agreement Deposit D2-DEP10 AD 1SlnD·-
001 0000 312 1000 Restaurant License fee (TOV) RL
001.23020.00 Spec. Assess.-Restaurant Fee to Co.Dept.Rev. SA
110-0000.31411.15 Resale Commission MS
001-0000.31944.00 Miscellaneous MS
111-0000.31944.00 Other-MS
Other-MS
Other--MS
Other-MS
001.20110.00 Taxable @ 4.4% (State) -Tax payable TP
001-0000.31011.00 Taxable @ 4% (Town) -Retail Sales Tax T?
TOTAL: ~'J( (Jn.-
* all items charged tax
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Commenffi: __________________________________________________________________ _
Cash ___ Money Order# _____ Check# OJ L/ '-llf ,6 Rec~,J.A,J---.
Credit Card:
Visa/MC Last 4 CC #'s. ___ Auth #: ______ Name on CC -------------
8:\Community Development\FORMS\Finance\sales_action_form_091813