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..gZ,0 GRANT OF EASEMENT JAN ?F 12 os PM IP7
The TOWN OF VAIL, a Colorado municipal corporation ("the Town"), hereby grants,
sells and conveys to the TEXAS TOWNHOUSE ASSOCIATION, a Colorado non-profit
corporation ("the Grantee"), its successors and assigns, an easement over real
property described in Exhibit A attached hereto and by reference incorporated
herein, together with the right of ingress and egress to and from said parking area
for the purpose of exercising the rights herein granted. By accepting this parking
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r easement as it is granted hereby, Grantee agrees as follows:
1. The Easement Area shall be used exclusively for vehicular parking by the
Grantee and for no other purpose whatsoever.
2. The Town hereby reserves a perpetual non-exclusive pedestrian and bicycle
easement for the benefit of the general public over and across the parking area
granted herein subject to Grantee's parked vehicles. ,!
ea 3. The Grantee shall be obligated to maintain the surface of the parking
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easement area including, but not limited to, asphalt paving, repair of gutters and
roadbed and snow removal as shall be reasonably necessary to keep such area in good
condition and repair at all reasonable times.
4. Grantee shall obtain and maintain in full force and effect appropriate
public liability insurance coverage in amounts approved by the Town covering
personal and/or property damage claims on the parking easement area.
5. By its acceptance of the aforesaid easement, Grantee, its successors and
assigns, does hereby indemnify and hold the Town harmless from and against all
claims, demands, actions, suits at law, and all costs related thereto, including
reasonable attorneys fees, arising by reason of the Grantee's occupancy of and
operations within the easement area hereby granted.
6. Notwithstanding anything else set forth in this easement, the Town Council
shall have the right to terminate this easement if it wishes to use the real
property described herein for any public or quasi-public purpose upon the giving of
written notice to the Grantee of such termination no less than ninety (90) days
prior to the date of termination. Unless and until the Town so terminates this
easement, this easement shall be perpetual and shall run with the land. Should such
easement be terminated as above provided, such easement shall be deemed a nullity.
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IN WITNESS WHEREOF, the Town has set its hand and seal this /Lc - day
of
111,01416(1,L6-- , 1986.
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TOWN OF VAIL, a Colorado
municipal corporation
By:
\--Paul R. -JoftWston, Mayor
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Pamela A... 80andmeyer, Tow Clerk
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STATE OF COLORADO )
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Cw) COUNTY OF EAGLE )
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The foregoing instrument was acknowledged before me this - day
of Atice4 ... , 1986 by Paul Johnston as Mayor and by Pamela Brandmeyer as Town . ,:...:......14
Clerk of the Town of Vail, a Colorado municipal corporation.
Witness my hand and official sal .
ay 00111.1,1018 Expires Ant 28.lila 3. . 3..-. .
My commission expires:
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"'' Notary Public
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Exhibit A
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