HomeMy WebLinkAbout1992-10-20 Support Documentation Town Council Regular Session VAIL TOWN COUNCIL
REGULAR EVENING MEETING
TUESDAY, OCTOBER 20, 1992
7:30 P.M.
AGENDA
1. CITIZEN PARTICIPATION.
2. Introductory Comments by Rod Slifer, Republican Candidate for County Commissioner.
3. Presentation by Lyndon Ellefson of Vail Associates, Inc. for the United States Running
Team, 8th Annual Mountain Running World Championships in Susa, Italy.
4. Design Review Board Applicant Appointment.
5. Consent Agenda:
A. Ordinance No. 10, Series of 1992, second reading, an ordinance amending
Section 3.48.40 and 3.48.090 of the Municipal Code of the Town of Vail to provide
that the Real Estate Transfer Tax may be used for the acquisition and
improvement of real property within the limits of the Town or within a mile of the
Town boundaries; providing more specificity as to what the funds received by the
Town pursuant to the Real Estate Transfer Tax can be used for; and setting forth
details in regard thereto.
B. Ordinance No. 28, Series of 1992, second reading, an ordinance amending
Section 5.04.140 -Termination, of the Municipal Code of the Town of Vail,
extending indefinitely Chapter 5.04 -Annual Business License for Marketing.
6. Ordinance No. 29, Series of 1992, first reading, annual appropriation ordinance: adopting
a budget and financial plan and making appropriations to pay the costs, expenses, and
liabilities of the Town of Vait, Colorado, for its fiscal year January 1, 1993, through
December 31, 1993, and providing for the levy assessment and collection of Town ad
valorem property taxes due for the 1992 tax year and payable in the 1993 fiscal year.
7. Resolution No. 14, Series of 1992, a resolution setting a fee in lieu of the dedication of
land for school sites as provided for in Ordinance No. 1, Series 1991.
8. Resolution No. 17, Series of 1992, a resolution authorizing the purchase of that unplatted
plat of the southeast one-quarter of the southeast one-quarter of Section 1, Township 5
South, Range 81 West of the 6th Principal Meridian, lying northerly of the Lion's Ridge
Loop as shown on the recorded plat of the Lion's Ridge Subdivision recorded July 25,
1969, in Case 2, Drawer L, and Book 215 at Page 649, County of Eagle, State of
Colorado ("the property".)
9. Review of a sign variance request for The Lodge Tower, 200 Vail Road, Lot A, Block 5C,
Vail Village First Filing. Applicant: Lodge Tower Condo Association.
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10. Appeal of a PEC decision to deny a request to modify the landscape plan associated with
the previously approved exterior alteration and site coverage variance for the Slifer
Building, 230 Bridge Street, Part of Lots B and C, Block 5, Vail Village First Filing.
Applicant: Rod and Beth Slifer.
11. Adjournment.
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THE NEXT VAIL TOWN COUNCIL WORK SESSION
WILL BE ON TUESDAY, 10/27/92, BEGINNING AT 2:00 P.M. IN TOV COUNCIL CHAMBERS.
THE NEXT VAIL TOWN COUNCIL WORK SESSION/EVENING MEETINGS
WILL BE ON TUESDAY, 11/3/92, BEGINNING AT 6:30 P.M. IN TOV COUNCIL CHAMBERS.
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C:VIGENDA.TC
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VAIL TOWN COUNCIL
REGULAR EVENING MEETING.
TUESDAY, OCTOBER 20, 1992
7:30 P.M. IN TOV COUNCIL CHAMBERS
EXPANDED AGENDA
7:30 P.M. 1. CITIZEN PARTICIPATION.
7:35 P.M. 2. Introductory Comments by Rod Slifer, Republican Candidate for
Rod Slifer County Commissioner.
7:40 P.M. 3. Presentation by Lyndon Ellefson of Vail Associates, Inc. for the
Lyndon Ellefson United States Running Team, 8th Annual Mountain Running World
Championships in Susa, Italy.
Background Rationale: In August, 1992, The United States
Mountain Running Team competed and took first place in the 8th
Annual Mountain Running World Championships in Susa, Italy. TOV
had contributed $600.00 to help cover the team's expenses,
including $100.00 worth of Vail promotional/goodwill items to
promote Vail while in Italy.
7:45 P.M. 4. Design Review Board Applicant Appointment.
Kristan Pritz
Action Requested of Council: Appoint one applicant to the DRB.
Background Rationale: Bob Borne, Eddy Doumas, Laura Nash,
and Carmen Weiner were interviewed at the October 13, 1992,
work session.
7:50 P.M. 5. Consent Agenda:
A. Ordinance No. 10, Series of 1992, second reading, an
ordinance amending Section 3.48.40 and 3.48.090 of the
Municipal Code of the Town of Vail to provide that the Real
Estate Transfer Tax may be used for the acquisition and
improvement of real property within the limits of the Town
or within a mile of the Town boundaries; providing more
specificity as to what the funds received by the Town
pursuant to the Real Estate Transfer Tax can be used for;
and setting forth details in regard thereto.
B. Ordinance No. 28, Series of 1992, second reading, an
ordinance amending Section 5.04.140 -Termination, of the
Municipal Code of the Town of Vail, extending indefinitely
Chapter 5.04 -Annual Business License for Marketing.
7:55 P.M. 6. Ordinance No. 29, Series of 1992, first reading, annual appropriation
Steve Thompson ordinance: adopting a budget and financial plan and making
appropriations to pay the costs, expenses, and liabilities of the
Town of Vail, Colorado, for its fiscal year January 1, 1993, through
December 31, 1993, and providing far the levy assessment and
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collection of Town ad valorem property taxes due for the 1992 tax
year and payable in the 1993 fiscal year.
Action Reauested of Council: Approve/deny/modify 1993 TOV
budget.
Staff Recommendation: Approve Ordinance No. 29, Series of 1992,
on first reading.
8:10 P.M. 7. Resolution No. 14, Series of 1992, a resolution setting a fee in lieu
Larry Eskwith of the dedication of land for school sites as provided for in Ordinance
No. 1, Series 1991.
Action Reauested of Council: Approve/deny/modify Resolution No.
14, Series of 1992.
Staff Recommendation: Approve Resolution No.14, Series of 1992.
8:25 P.M. 8. Resolution No. 17, Series of 1992, a resolution authorizing the
Larry Eskwith purchase of that unplatted plat of the southeast one-quarter of the
southeast one-quarter of Section 1, Township 5 South, Range 81
West of the 6th Principal Meridian, lying northerly of the Lion's
Ridge Loop as shown on the recorded plat of the Lion's Ridge
Subdivision recorded July 25, 1969, in Case 2, Drawer L, and Book
215 at Page 649, County of Eagle, State of Colorado ("the
property".)
Action Reauested of Council: Approve/deny/modify Resolution No.
17, Series of 1992.
8:35 P.M. 9. Review of a sign variance request for The Lodge Tower, 200 Vail
Tim Devlin Road, Lot A, Block 5C, Vail Village First Filing. Applicant: Lodge
Tower Condo Association.
Action Reauested of Council: Approve/deny this sign variance
request.
Backaround Rationale: On October 7, 1992, the DRB voted
unanimously to recommend approval of a sign variance request for
The Lodge Tower. The DRB also approved a painted graphic for
. the building independent of the sign variance request.
Staff Recommendation: Staff recommends approval of the request.
8:50 P.M. 10. Appeal of a PEC decision to deny a request to modify the landscape
Tim Devlin plan associated with the previously approved exterior alteration and
site coverage variance for the Slifer Building, 230 Bridge Street,
Part of Lots B and C, Block 5, Vail Village First Filing. Applicant:
Rod and Beth Slifer.
Action Reauested of Council: Approve/deny/modify the request to
modify the landscape plan to substitute 2-3 potted plants in place
of the originally approved 18' stone-faced planter.
Backaround Rationale: A chronology of events pertaining to the
landscape plan in question can be found in the enclosed PEC
memorandum dated September 28,1992. Please note the PEC has
suggested (and would allow) a modification to the planter that would
be less costly to the applicant and would not require any alterations
to the building itself. The PEC voted unanimously to deny the
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request, 6-0.
Staff Recommendation: Staff recommends denial of the request.
Although staff believes the applicant's addition to The Slifer Building
is a positive improvement which benefits Vail Village, staff feels the
installation of the originally approved planter, or the alternative
planter design recommended by the PEC, are preferred design
solutions.
9:10 P.M. 11. Adjournment.
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THE NEXT VAIL TOWN COUNCIL WORK SESSION
WILL BE ON TUESDAY, 10/27/92, BEGINNING AT 2:00 P.M. IN TOV COUNCIL CHAMBERS.
THE NEXT VAIL TOWN COUNCIL WORK SESSION/EVENING MEETINGS
WILL BE ON TUESDAY, y 1/3/92, BEGINNING AT 6:30 P.M. IN TOV COUNCIL CHAMBERS.
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ORDINANCE NO. 10
SERIES 1992
AN ORDINANCE AMENDING SECTIONS 3.48.040 AND 3.48.090
OF THE VAIL MUNICIPAL CODE OF THE TOWN OF VAIL
TO PROVIDE THAT THE REAL ESTATE TRANSFER TAX MAY BE USED FOR
THE ACQUISITION, IMPROVEMENT, AND MAINTENANCE OF REAL PROPERTY
WITHIN THE LIMITS OF THE TOWN OR WITHIN A MILE OF THE TOWN BOUNDARIES;
PROVIDING MORE SPECIFICITY AS TO WHAT THE FUNDS RECEIVED BY THE TOWN
PURSUANT TO THE REAL ESTATE TRANSFER TAX CAN BE USED FOR;
AND SETTING FORTH DETAILS IN REGARD THERETO.
WHEREAS, the Town Council wishes to amend the land transfer tax to provide that land
transfer tax funds can be utilized for the acquisition and improvement of real property not only
within the Town, but also within one mile of the Town boundaries; and
WHEREAS, the Town Council also wishes to provide more specific guidelines for the use
of the land transfer tax.
NOW, THEREFORE, be it ordained by the Town Council of the Town of Vail, Colorado:
1. Section 3.48.040(6) of the Municipal Code of the Town of Vail is hereby amended
to read as follows:
Section 3.48.040(61
Where the consideration shall exceed $500.00 (five hundred dollars), the land transfer tax
payable shalt be 1 % (one percent) of the consideration, the proceeds of which tax shall be
earmarked for the purposes set forth in Section 3.48.090(A) of this Chapter. No increase in the
1 % (one percent) tax established by this paragraph shall be levied after the passage of the
effective date of this paragraph, until such tax rate increase shall have been approved by a
majority of the registered electors voting at a regular or special election.
2. Section 3.48.090(A) of the Municipal Code of the Town of Vail is hereby amended
to read as follows:
Section 3.48.0901A1
All funds received by the Town pursuant to this chapter shall be deposited in the land
transfer tax fund, which fund is hereby created. The fund shall be subject to appropriation for
only the following purposes within the Town of Vail or within one mile of the boundaries of the
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Town of Vail:
a) Acquiring, improving, maintaining, and repairing real property for parks, recreation,
open space and similar purposes;
b) The construction, maintenance, and repair of buildings which are incidental to park,
recreation, and open space land;
c) Landscaping parks, open space, and public rights-of-way along the I-70 corridor.
Landscaping along the I-70 corridor shall be limited to tree plantings and related
improvements to keep the trees healthy and well maintained.
d) The construction, maintenance, repair, and landscaping of recreation paths set
forth in the Town of Vail Recreation Trails plan as it may be amended by the Town Council from
time to time.
e) Paying incidental costs and principle of and interest on any funds borrowed for the
purposes set forth in Section 3.48.090(A).
3. If any part, section, subsection, sentence, clause or phrase of this ordinance is for
any reason held to be invalid, such decision shall not affect the validity of the remaining portions
of this ordinance; and the Town Council hereby declares it would have passed this ordinance, and
each part, section, subsection, sentence, clause or phrase thereof, regardless of the fact that any
one or more parts, sections, subsections, sentences, clauses or phrases be declared invalid.
4. The Town Council hereby finds, determines, and declares that this ordinance is
necessary and proper for the health, safety, and welfare of the Town of Vail and the inhabitants
thereof.
5. The repeal or the repeal and reenactment of any provision of the Municipal Code
of the Town of Vail as provided in this ordinance shall not affect any right which has accrued, any
duty imposed, any violation that occurred prior to the effective date hereof, any prosecution
commenced, nor any other action or proceedings as commenced under or by virtue of the
provision repealed or repealed and reenacted. The repeal of any provision hereby shall not
revive any provision or any ordinance previously repealed or superseded unless expressly stated
herein.
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6. All bylaws, orders, resolutions, and ordinances, or parts thereof, inconsistent
herewith are repealed to the extent only of such inconsistency. This repealer shall not be
construed to revise any bylaw, order, resolution, or ordinance, or part thereof, theretofore
repealed.
INTRODUCED, READ, APPROVED, AND ORDERED PUBLISHED ONCE IN FULL ON
FIRST READING this 6th day of October, 1992, and a public hearing shall be held on this
Ordinance on the 20th day of October, 1992, at 7:30 p.m. in the Council Chambers of the Vail
Municipal Building, Vail, Colorado.
Margaret A. Osterfoss, Mayor
ATTEST:
Martha S. Raecker, Town Clerk
READ AND APPROVED ON SECOND READING AND ORDERED PUBLISHED
this day of , 1992.
Margaret A. Osterfoss, Mayor
ATTEST:
Martha S. Raecker, Town Clerk
C:\ORD92.10
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ORDINANCE NO. 28
SERIES 1992
AN ORDINANCE AMENDING SECTION 5.04.140 -TERMINATION,
OF THE MUNICIPAL CODE OF THE TOWN OF VAIL,
EXTENDING INDEFINITELY CHAPTER 5.04 -
ANNUAL BUSINESS LICENSE FOR MARKETING.
WHEREAS, in 1988 the Town passed Chapter 5.04 establishing an annual business
license; and
WHEREAS, Section 5.04.140 provided that Chapter 5.04 shall terminate and cease to be
effective on December 31, 1992, unless extended by the Town Council on or before said date by
ordinance; and
WHEREAS, the Town Council now wishes in accordance with Section 5.04.140 to extend
Chapter 5.04 -Annual Business License under the terms and conditions set forth herein.
NOW, THEREFORE, be it ordained by the Town Council of the Town of Vail, Colorado:
1) Section 5.04.140 -Termination, of the Municipal Code of the Town of Vail is hereby
amended to read as follows:
Section 5.04.140 -Termination
The Town Council, having evaluated the marketing program and this Chapter, hereby
extends this Chapter indefinitely from the effective date of this ordinance.
At a regular or special Town Council meeting or Town Council work session, on or before
August 31, 1996, the marketing board appointed by the Town Council shall report to the Town
Council members on the Marketing Board on the effectiveness of the marketing and promotional
program financed by funds raised pursuant to this Chapter, and shall make recommendations to
the Council in regard thereto. Subsequent to this report, the Town Council shall evaluate the
program and this Chapter.
2) If any part, section, subsection, sentence, clause or phrase of this ordinance is for
any reason held to be invalid, such decision shall not affect the validity of the remaining portions
of this ordinance; and the Town Council hereby declares it would have passed this ordinance, and
each part, section, subsection, sentence, clause or phrase thereof, regardless of the fact that any
one or more parts, sections, subsections, sentences, clauses or phrases be declared invalid.
3) The Town Council hereby finds, determines, and declares that this ordinance is
necessary and proper for the health, safety, and welfare of the Town of Vail and the inhabitants
thereof.
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4) The repeal or the repeal and reenactment of any provision of the Municipal Code
of the Town of Vail as provided in this ordinance shall not affect any right which has accrued, any
duty imposed, any violation that occurred prior to the effective date hereof, any prosecution
commenced, nor any other action or proceedings as commenced under or by virtue of the
provision repealed or repealed and reenacted. The repeal of any provision hereby shall not
revive any provision or any ordinance previously repealed or superseded unless expressly stated
herein.
5) All bylaws, orders, resolutions, and ordinances, or parts thereof, inconsistent
herewith are repealed to the extent only of such inconsistency. This repealer shall not be
construed to revise any bylaw, order, resolution, or ordinance, or part thereof, theretofore
repealed.
INTRODUCED, READ, APPROVED, AND ORDERED PUBLISHED ONCE IN FULL ON
FIRST READING this 6th day of October, 1992, and a public hearing shall be held on this
Ordinance on the 20th day of October, 1992, at 7:30 p.m. in the Council Chambers of the Vail
Municipal Building, Vail, Colorado.
Margaret A. Osterfoss, Mayor
ATTEST:
Martha S. Raecker, Town Clerk
READ AND APPROVED ON SECOND READING AND ORDERED PUBLISHED
this day of , 1992.
Margaret A. Osterfoss, Mayor
ATTEST:
Martha S. Raecker, Town Clerk
c:~oaoszza
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ORDINANCE NO. 29
SERIES 1992
ANNUAL APPROPRIATION ORDINANCE:
ADOPTING A BUDGET AND FINANCIAL PLAN
AND MAKING APPROPRIATIONS TO PAY THE COSTS, EXPENSES, AND LIABILITIES
OF THE TOWN OF VAIL, COLORADO,
FOR ITS FISCAL YEAR JANUARY 1, 1993, THROUGH DECEMBER 31, 1993,
AND PROVIDING FOR THE LEVY ASSESSMENT AND COLLECTION OF
TOWN AD VALOREM PROPERTY TAXES DUE FOR THE 1992 TAX YEAR
AND PAYABLE IN THE 1993 FISCAL YEAR.
WHEREAS, in accordance with `Article IX of the Charter of the Town of Vail, Colorado, the
Town Manager prepared and submitted to the Town Council a proposed long-range capital
program for the Town and a proposed budget and financial plan for all Town funds and activities .
for the 1993 fiscal year; and
WHEREAS, notice of public hearing on the proposed Town budget and capital program
was published on the 9th day of October, 1992, more than seven (7) days prior to the hearing
held on the 20th day of October, 1992, pursuant to Section 9.5 of the Charter; and
WHEREAS, it is necessary for the Town Council to adopt a budget and financial plan for
the 1993 fiscal year, to make appropriations for the amounts specified in the budget, and to
provide for the levy, assessment and collection of Town ad valorem property taxes due for the
1992 year and payable in the 1993 fiscal year.
NOW, THEREFORE, be it ordained by the Town Council of the Town of Vail, Colorado,
that:
1. The procedures prescribed in Article IX of the Charter of the Town of Vail, Colorado,
for the enactment hereof have been fulfilled.
2. Pursuant to Article IX of the Charter, the Town Council hereby makes the following
annual appropriations for the Town of Vail, Colorado, for its fiscal year beginning on the first day
of January, 1993, and ending on the 31st day of December, 1993:
FUND AMOUNT
General Fund $14,447,653
Capital Projects Fund 7,344,772
Conservation Trust Fund 12,100
Real Estate Transfer Tax 2,066,788
Special Parking Assessment 282,000
Heavy Equipment Fund 1,380,829
Police Seizure Fund 155,288
Debt Service Fund 5,565,468
Health Insurance Fund 657,000
Lionshead Mall Debt Service 106,000
Vail Marketing Fund 667,041
West Vail Debt Service Fund 7,031
Booth Creek Debt Service Fund 382,838
Police Building Construction Fund 4,000,000
Total: 37,074,808
Less Interfund Transfers: <8,587,387>
Total Budget $28,487,421
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3. The Town Council hereby adopts the full and complete Budget and Financial Plan
for the 1993 fiscal year for the Town of Vail, Colorado, which are incorporated by reference herein
and made part hereof, and copies of said public records shall be made available to the public in
the Municipal Building of the Town.
4. For the purpose of defraying part of the operating and capital expenses of the
Town of Vail, Colorado, during its 1992 fiscal year, the Town Council hereby levies a property tax
of 6.689 mills upon each dollar of the total assessed valuation of $329,155,250 for the 1992 tax
year of all taxable property within the Town, which will result in a gross tax levy of $2,201,719.
Said assessment shall be duly made by the County of Eagle, State of Colorado, as directed by
the Colorado Revised Statutes (1973 as amended}, and as otherwise required by law.
5. This Ordinance shall take effect five (5) days after publication following the final
passage hereof.
6. If any part, section, subsection, sentence, clause or phrase of this ordinance is for
any reason held to be invalid, such decision shall not affect the validity of the remaining portions
of this ordinance; and the Town Council hereby declares it would have passed this ordinance, and
each part, section, subsection, sentence, clause or phrase thereof, regardless of the fact that any
one or more parts, sections, subsections, sentences, clauses or phrases be declared invalid.
7. The Town Council hereby finds, determines, and declares that this ordinance is
necessary and proper for the health, safety, and welfare of the Town of Vail and the inhabitants
thereof.
8. The repeal or the repeal and reenactment of any provision of the Municipal Code
of the Town of Vail as provided in this ordinance shall not affect any right which has accrued, any
duty imposed, any violation that occurred prior to the effective date hereof, any prosecution
commenced, nor any other action or proceedings as commenced under or by virtue of the
provision repealed or repealed and reenacted. The repeal of any provision hereby shall not
revive any provision or any ordinance previously repealed or superseded unless expressly stated
herein.
9. All bylaws, orders, resolutions, and ordinances, or parts thereof, inconsistent
herewith are repealed to the extent only of such inconsistency. This repealer shall not be
construed to revise any bylaw, order, resolution, or ordinance, or part thereof, theretofore
repealed.
INTRODUCED, READ, APPROVED, AND ORDERED PUBLISHED ONCE IN FULL ON
FIRST READING this 20th day of October, 1992, and a public hearing shall be held on this
Ordinance on the 3rd day of November, 1992, at 7:30 p.m. in the Council Chambers of the Vail
Municipal Building, Vail, Colorado.
Margaret A. Osterfoss, Mayor
ATTEST:
Martha S. Raecker, Town Clerk
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READ AND APPROVED ON SECOND READING AND ORDERED PUBLISHED
this day of , 1992.
Margaret A. Osterfoss, Mayor
ATTEST:
Martha S. Raecker, Town Clerk
C:10RD9229
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RESOLUTION NO. 14
SERIES 1992
A RESOLUTION SETTING A FEE IN LIEU OF THE DEDICATION
OF LAND FOR SCHOOL SITES AS PROVIDED FOR IN
ORDINANCE NO. 1, SERIES 1991
WHEREAS, Ordinance No. 1, Series 1991 provides for the dedication of land for school
sites or a fee in lieu thereof; and,
WHEREAS, Ordinance No. 1, Series of 1991 further provides that the Town Council set
the amount of the fee in lieu on an annual basis;
NOW, THEREFORE, be it resolved by the Town Council of the Town of Vail, Colorado:
1. The amount of the fee in lieu of the dedication of land for school sites as
required by Ordinance No. 1, Series of 1991 shall be $5,000.00 for the year 1993.
2. This resolution shall take effect immediately upon passage.
INTRODUCED, READ, APPROVED AND ADOPTED this 20th day of October, 1992.
Margaret A. Osterfoss, Mayor
ATTEST:
Martha S. Raecker, Town Clerk
C:\RESOLU74.92
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RESOLUTION NO. 17
SERIES 1992
A RESOLUTION AUTHORIZING THE PURCHASE OF
THAT UNPLATTED PLAT OF THE SOUTHEAST ONE-QUARTER
OF THE SOUTHEAST ONE-QUARTER OF SECTION 1, TOWNSHIP 5 SOUTH,
RANGE 81 WEST OF THE 6TH PRINCIPAL MERIDIAN,
LYING NORTHERLY OF THE LION'S RIDGE LOOP
AS SHOWN ON THE RECORDED PLAT OF THE LION'S RIDGE SUBDIVISION
RECORDED JULY 25, 1969, IN CASE 2, DRAWER L, AND BOOK 215 AT PAGE 649,
COUNTY OF EAGLE, STATE OF COLORADO ("THE PROPERTY").
WHEREAS, the Town Council believes it will benefit the public health, safety, and welfare
to purchase the property for open space, parks, or other municipal purposes.
NOW, THEREFORE, be it resolved by the Town Council of the Town of Vail, Colorado:
1. The Town Manager is hereby authorized to enter into the contract to buy and sell
the property attached hereto as Exhibit "A" and made a part hereof.
2. The Town Manager and the Town staff are authorized to take whatever steps are
necessary to complete the purchase of the property by the Town of Vail from Abe L. Shapiro.
3. This resolution shall take effect immediately upon its passage.
INTRODUCED, READ, APPROVED AND ADOPTED this 20th day of October, 1992.
Margaret A. Osterfoss, Mayor
ATTEST:
Martha S. Raecker, Town Clerk
C:\RESOLU92.17
' ~ ; EXHIBIT "A"
The printed portions of this form approved by the
Colorado Real Fstale Commission (CI3S3-5-89)
THIS IS A LEGAL INSTRUMENT. IF NOT UNDERSTOOD, LEGAL, TAX OR OTHER COUNSEL SHOULD BE CONSULTED BEFORE SIGNING.
VACANT L.ANU/FARM AND RANCH
CUN'CRAC'I"I'U I3UY AND SLLL RCAL LS'TATE
Seller's rentccJy Liquidated Damages or Specific Performance (Secti~Jon~,16) '
1. 1'AR'1'1{;S ANU 1'RUPE{t'1'Y. ~/n'~M ~ ~ ~
i
pure aser(s) JPurchaserJ, (as joint tenants/tenants in common)
agrees to bu and the unc . ignc eller(s) ISeIIerJ, agrees to sell, on the terms and conditions set fort! ' n t) is contr t, t e following describe cal eslat~
in the Count of ,Colorado, to wit: P 7~~n/R_~
~e.~
~ ~ti a~- 0?1 Z
6nl,wn as No. <~qd/J~,~-,o„ 4~~~G.c/IR~L
~ ISvccr AJrlresc, City, Stale, Zipl
together wid) all interest of Se ter m vacated streets and alleys adjacent thereto, all easements and other appurtenances thereto, all improvements thereon
and all aUached fixtures thereon, except as herein excluded, and called the Properly.
Ti•Al6LLL4LONS. The purchase price includes the following items (a) if attached to the Property on the date of this contract: lighlin , he 'u}},
plumbing, ventilating, and air con ' ' ores, TV antennas, water softeners, smoke/fire/burglar alarms, seen ' 3~~ lost a telephone wiring
andconneclinghlocksljacks,plants,mirrors, floorcoverings,intcl~,..,,rystt:pL huilt-i :.....tgdiances,andsprinklersystemsandcontrols;(b)ifon
the Properly whether attached or not on dm date of this co -tn vacuum systems (incluc t storm windows, storm doors, window
and porch shades, awnin ~ , . rrecns, curtain rods, drapery rods, fireplace inserts, fireplace screens, fireplace g~c--lteaLL•
'n~ stoves,
t: s, all~~kJeys and garage door openers including remote controls; and (c)
~i~ ,w . P~GtJUi~it/
P D~ ~ it art
(d) Water Rights. Purchase price to u)clude the following water rights: ~ •
(e) Crowing Crops. With respect to the growing crops Seller and Purchaser agree as follows: ~ ~~~L~
The above-described included items (inclusions) arc to be conveyed to Purchaser by Seller by bill of sale, - '
decd or other applicable legal instrument(s) at the closing, free and clear of all !axes, liens and encumbrances] except as provided in section 10.
The following attached fixtures are excluded from this sale: N/~
3. I'URCHASG PRICE ANU'Cl;Rh1S. The purchase price shall be $ / ~ ,payable in U.S. do{lars by Purchaser as
follows (con)plete the applicable terms below):
(a) Earnest Money. f/ ~Q
$ ~Q'~-~ in m of ~ V~ C~~~ti~~', as earnest money deposit and part payment of the purchase
price, payable to and held by~ ;,.J h.,,6... ~
..................rirFf•ef•be... J_I..,....'.d 9-.~~E.a!.=..., _.t(#+~.~_! ~~iwef+.t.::rrl es(-N.r,.:t,-de~pet:.l •~esm~;..b:.:;
?f 4:.,, u..,......u. v _l..u..~.
(h) Cash at Closing.
$ to be paid by Purchaser at closing in cash, electronic transfer funds, certified check, savings and loan teller's check, or
cashier's check. Subject to the provisions of section 4, if the existing loan balance al the time of cl ing sh II t ifletent t he I an bat ce' ect'
the ac'ustment shall b ad in cash at closing or paid as toll s: 0 v ~ _
(c) New Lunn.
by Purchaser obtaining a new loan. "Chic loan will be secured by a (1st, 2nd, etc.) deed o t.
The new coat chaser shall be amortized over a period of years at approximately $ per
inclu t ci al and interest not to exceed % per annum, 1 yuired by Purchaser's lender,
a deposit of o . ' rncd annual real estate taxes, property insu • ncmium, and mortgage insurance premium.
if the loan is an adjustable interest rate or graduated payment loan, •mcnts and i rate initially shall not exceed the figures set Corth above.
Loan discount points, if any, shall he paid to lender at closing ands ex ~ % of the total loan amount.
'I'hc tint f I, 2, cle.} lout discount points sh~ rod by ,
and d)e balance, if any, shall be paid by .
• Purchaser shall lime! oan origination fee not to exceed rlo of the loan amount and Purchaser's loan costs. any appraisal
for loan pur o e obtained after this Jate shall be paid by
u an application as required by lender.
No, CIiS3-5.89. VACANT LAND/F-ARDt AND RANL'tl CON"1'RACT'i'O itUF ANU SF.L1. KF.A1. ESTATE, ,i;F~
nradfurd Puldi5hinl!, t74} 14'azcc tit . Uemcr. CO Xn'_U2 --1~0}1292.2500 6 A9
-
)Assumption.
$ by 1'urehascr;s assuming and agreeing to pay an existing loan in this approximate anwunt, pmsently payable t
$ per including principal, interestpcesently at per
annum, •+nd including escrow for the fol lowing as indicated: ? real estate taxes. ? property insurance premimn, ? mortgage insurance pr ium, '
and Porch cragrccs
to pay a loan ansfer fee nut to exceed $ . At the time of assumption, the new interest rate shall not exceed °k
per annusn and ,c new payment shall not exceed $ plus escrow, if any.
Seller n sha ? shall not be released from liability on said loan. If applicable, comp8ance with the reyuirements for release rum liahif ity shalt
be evidenced by deli ry at closing of appropriate letter from lender. Cost payable for release of liability shall be paid by
in an ansuunl not to exceed $
(e) Seller or Private' ird-Party Financing.
$ by Purchaser executing a promissory note payable to:
on the note fo n as indicated: (check one box)
1..I Right-to-Cure N'I D R2-i 83 C_l N<) Right-tn-Cure N'1')) 81-I I-R3
scwrcd by a (Ist, 2nd, etc.) decd of trust encumbering the Property, using the form as in ' •aled: (check one box)
' D Strict Due-on-Sale (TD 72-I I- ) ? Credihvorlhy ("CU 73-1 I-831 ~ Assumable-Not due on sa (TD 74-I I-83)
'
The promissory note shall be amortized on he basis of years, payable at $ ~ per
including principal and interest at the rate of `7o per annum. Payments shall tom cote
and shall he due on the day f each succeeding
N not xunner paid, the bat:u,ce nl' principal :uul accn,ec ' ulcrest shall hr due and p:ryahle
after closing. I'aynsents CI shall C.1 shall not he incr • sed by of estin tcd annual real estate taxes, and ? shall ? shall not
be increased by of estimated annual propcrt insurance premium.
'I BC Ivan shall also CUlllar? (Ill' f(dlOWing IL'rmlti s indicate . If any payment is not re clued within calendar days after its due date, a lute
charge of of such p:rynscnl shall be due. Intcrest un ender dishursense sunder the decd of trust shall br
per annum. Default interest rate shall be 7c per a um.
Purchaser may prepay without a penalty except •
4. 1~ f NAN(:ING CUNUI"!'IONS AND OItl,l(:AI'IONS. (a) Lnar )plicutiun(s). If Purchaser is Io pay all or part of the purchase price as set
forth in section 3 by obtaining a new loan ur if an existing loan is not to h rc ased ut ch,sing, Purchaser, if reyuired by such lender, shall make written
application widsin calendar days from acceptance o(this c ,tract. I rchaser shat) cooperate with Seller and lender to obtain loan approval,
diligently and timely pursue same in good faith, execute all docume sand furnish < I information and documents required by the lender, and, subject io
section 3, timely pay the costs of obtaining such loan ur lender c, sent.
(b) Loan Approval, If Purchaser is to pay all or part of the urchase price by uMainin anew loan as specified in section 3, thiscuntract iseonditional
upon lender's approval of the new loan on or bcli,m , 19 . If not so approved by said date, this contract shall
terminate. If the loan is so approved, but such proceeds a not available to Purchaser as require in section 5 (Good Funds) at the lime of closing, closing
shall be extended one time for calendar d• s (not to exceeJ (9) five). If sufficient fun s are not then available, this contract shall terminate.
(c) Existing,-Loan Review. (fan existing lo: is not ti, be released at cursing, Seller shall pr ide copies of the loan documents (including note,
deed of trust, modifications) to Purchaser will ' r calendar days from acceptance of this ntract. This contract is conditional upon Pur-
chaser's review and approval of the provisions f such loan documents. Purchaser consents to the provisions f such loan documents if no written objection
is receive) by Scllcr or Listing Company onr Purchaser within calendar Jays from Purchaser', cccipt of such documents. If the lender's
approval of a transfer of the Property is r yuired, this contract is conditional ulx,n Purchaser's obtaining such app vat without change in the terms of such
Loan, except as set forth in section 3. lender's approval is not obtained on or before , 19 ,this
contract shall be terminated on su ) date. I f Scllcr is to be released fmns liability under such existing Ivan and Purchas does not obtain such compliance
as set fi)rlh in section 3, this c„ ract may be Icrminatcd at Sc1lcr:c option.
(d) Assumption Italanc If Purchaser is to pay al! or part of the purchase price by assuming an existing roan and if th • actual principal balance of
the existing loan at the da of closing is Icss than the amount in section 3 by more than $ ,then Pur aser may terminate this
contract effective upo eceipl by Seller or Listing Company of Purchaser's written notice of termination.
(e) Credit Infor ration. if Purchaser is to pay al) or part o(the purchase price by executing a promissory note in favorof Seller if an existing loan
is not to be relca d at closing, this contract is conditional upon Seller's approval of Purchaser's financial ability and creditworthines which approval
shall be at Scl is sole and absolute discretion. In such case: (I) Pwchaser shall supply to Seller on or before' ,
19 , at Purchaser's expense, infonnalion and documents concerning Purchaser's financial, employment and credit condition; ( Purchaser
consents sat Scllcr may verify Purchaser's financial ability and crcditworthiuess: (3) auy such information and Documents receive) by Sellersha beheld
by Se er in confidence, and not released to others except to protect Seller's Intcrest in this transaction; (4) it Scllcr does nut provide wriucn nu ' e of
Sc is disapproval to Purchaser on or before , 19 ,then Seller waives th'ss condition. If Seller s
vide written notice of disapproval to Purchaser on ur before said date, thiscuntract shall terminate.
5. CUOD EUNUS. All payments reyuired at closing shall be made in funds which comply with all applicable Colorado laws.
6. NOT ASSICNAI3LC. This contract shall not be assignable by Purctiascr without Seller's prior written consent. Except as so restricted, this
contract shall inure to the benefit of and be binding upon the heirs, pcrs `u representatives, successors and assigns of the parties.
7. E~'IUENCEOF TITLE. Seller shall furnish to Purchaser, a~5ti. S
{ielsS . either a current commitment for owner's titl~eQiQnsurance policy in
an amount ectual to the purchase price or at Sclter's choice, :in abstract of title certitird to a current date, on or he(ure ~ • ~ ~ j
19 . If a title insurance anumionent is I'urnishcJ, Purchaser uury require of Scllcr that copies ul instruments (ur abstracts of instruments) ~
listed in the schedule of exceptions (Exceptions) in the tide insurance axnmionent also be furnished to Purchaser at Seller's expense. This requirement
shall pertain only to instruments shown of record in the office of the clrrk and recorder of the designated county or counties. The title insurance
cornmitnsenl, together with any copies or abstracts of instruments furnished pursuant lu this section 7, constitute the title documents (Title Documents).
Purchaser nsust rcyuest Scllcr to furnish topics or abstracts of instruments listed in the schedule of exceptions no later than 7 calendar days
after Purchaser's receipt of the title insurance conuniunenL If Scllcr furnishes a title insurance commitment, Seller will have the title insurance policy '
delivered to Purchaser as soon as practicable after closing and pay the premium at closing.
R. -l'1'I'I,F:. (•r) '1'ille Review. Purchaser shall have the right h, inspect the 'I itle Uucunscnta ur abstract. Written Holier by Purchaser of
umnerchanlability of tide or of any other unsatisfactory title condition shown by the Title llocun)ents or abstract shall be signed by or on behalf of
Purchaser and given to Seller or Listing Curnpany nn or before 7 culenefar clays after Purchaser's receipt of Title Documents or abstract, or
within five (S) calendar days after receipt by Purchaser of any l~itlc Uocuntent(s1 ur endorsement(s) adding new Exception(s) to the title commitment
together with a copy of the l itle Document adding new lixception(s) to title. II' Scllcr ur Listing Company does nut receive Purchaser <notice by the Date(s)
specified above, Purchaser shall be deemed to have accepted the condition of title :+s disdvsed by the'fide Documents as satisfactory.
• ~
(h) I~'latter5 NOt SIIOWrI by IIIC PUl)IIC RCCIIrdS. Scllcr shell dCht'Cr 10 PUTChaSfr, nn or before the date set forth in section 7, true copies of all
lease(s) ant survey(s) in Sctlcr's possession pertaining to the Property and shall disclose to Purchaser all casements, liens or othertitle matters nut shown
by the public records of which Seller has actual knowledge. Purchaser shall have the right to inspect the Properly Codetermine if any third party(s) has any
right in the Property not shown by the public records (such as an unrecorded easement, unrecorded lease. or boundary line discrepancy). Written notice of
any unsatisfactory conJiuon s~~),,disclosed by Sclleror revealed by such inspection shall be signet by oron behalf of Purchaserand given to Sclleror Listing
Company on or before JJL~.(G_..~~ . 19 ~ ~ . If Seller or Listing Company (loos not receive Purchaser's notice by
said date, Purchaser shall he deemed to have accepteJ title subject to such rights, if any, of third parties of which Purchaser has actual knowledge.
(c) Ri);hl to Cure. If Seller or Listing Company receives notice of umnerchantahility of title or any other unsatisfactory title condition(s) as provided
in subsection (a) or (h) above, Seller shall use reasonable efli)rt to correct said unsatisGlchxy title condition(s) prior to the Jate of closing. If Seller fails to
correct said unsatisfactory title anulitiun(s) on or hdixe the date of closing, This cuntrrct shall then terminate, subject to section !7; provi(ed, however,
Purchaser nrry, by written notice received by Sclleror Listing C r •ufy orl or before closing, waive objection to said unsatisfactory Title condition(s).
9. UA1'E OF CLU5ING. The date of closing shall
`b , - , or by mutual agreement at an earlierdate.
The hour and place of closing shall be x~~ T•K(• LPT.w1
IU. 'hRANShh;R Uh'1'I'1'i,l?. Subject to tender or paynlenl on closi gas reyui ed herein ant • nnpliance by Purchaser with the ether Ienns and
pn)visiuus hcreul', Scpcr shall execute :out deliver :I gaud :unl sufficient decd lu Purchaser,
on closing, conveying the Property free and clear of all taxes except the general (axes for the year of closing, and except
free and clear of all liens for special improvements installed as e( the dale
of Purchaser's signature hereon, whether assesseJ or not: except (listribution utility easements, including cable TV; except those matters reflected by the
Title Documents accepted by Purchaser in accordance with subsection 8(a): except those rights, if any, of third parties in the Property not shown by the
public records in accordance with subsection 8(b); ant subject to building and zoning regulations.
11. PAYMENT OF ENCUA4IIRANCES. Any encumbrance required lobe paid shall be paid at or before the time of settlement from the proceeds
of this transaction or from any other source. ~ `
12. CLOtiINC CUS'1'ti, UUCUMI;N'I:S ANU 51?RVICFa. ~Vurch:lscr~~elil+F+~++" ; °f his-ret:p • ~~Xyk~.~' g-e(x.1' 4:' ="aePt-os
otherwise pnrvid(:d herein. Purchaser an(I Scllcr shall sign ant complete all customary or required J(~xu_n)ents/at ur before clo 'ng. Fe s fur real; state
. ~
13. 1'RUI2A'I'ION5. General axes fur jl~ car ul' closing, base) un the nu)st recent Icvy ant the most rcccnt • ssessn)enG rents, water and server
charges, owner's association dues, and interest on continuing loan(s), if any, ant
~ shall prorated to date of closing.
Any sales, use itnd tran5fef tax that may aCCTUe because of lhl5 UansaCtlUn 511:111 bC paid by ~edCGM .
14. POSSLSSIUN. Pessesslon of the PTeperly s)lall bC dC(IVCTCII l0 !'tfrCllaSCT a5 follOWS: rw J ~ I
subject to the following lease(s) or tenancy(s):
If Seller, after closing, fails to Jed vet possession on the date herein specific), Seller shall be subject to eviction and shalt be additionafty liable to
Purchaser (or payment of $ ~ per day from the date of agreed possession until possession is delivered.
15. CONllI"PION OF ANU UA11fAGF,'[~O PRUPF,RTY. The Property and Inclusions shall be rnnveyed in their present condition, ordinary
wear ant fear excepted. In the even) the Property shall be damage) by fire or other casualty prior to time Uf closing, in an amount of not more than
ten percent of the total purchase price, Scllcr shall he obligated to Tepair the same before the date of ch)sing. 1n the event such damage is not repaired
within said time or if the damages exceed such sum, this contract may be terminated at the option of Purchases Should Purchaser elect to carry out this
contract despite such damage, iurchaser shall be entitled to credit for all the insurance proceeds resulting from such damage to the Property and
Inclusions, not exceeding, however, the total purchase price. Should any Inclusion(s) or service(s) fail or be damaged between the date of this contract
and U)c date of closing or the date of possession, whichever shall he earlier, then Seller shall he liable fur the repair or replacement of such Inclusion(s)
or service(s) with a unit of similar size, age and quality, or an cyuis•:dent credit. less any insurance proceeds receive) by Purchaser covering such
repair or replacement. The risk of loss for any damage h) growing crops, by fire or other casualty, shall be borne by the party entitled to the growing crops,
if any, as proviJed in section 2 ant such party shall be entitled to such insurance proceeds or benefits for the growing Imps, if any.
16. TIM11E OF ESSENCE/REM1tEUIES. Time is of the essence hereof. If any note or check received as earnest money hereunder or any other
payment clot hereunder is not pail, honors) or tendered when due, or if any other obligation hereunder is not performed or waived as herein provided,
there shall be dlc following rcn)cdics:
(a) 1F PURCIIASER IS IN UI?I%AUI;1':
II'Tf1E F30X IN SUDSECTIUN (I) IS CIiL3CKED, SELLER'S REMEDIES SHALL 13E AS SET fOR"fH IN SUBSEC"I'lON (I)
jSPfiCIFIC PERFORMANCF?j. 1P SAID I)OX IS NOT CHECKED, SELLER'S REMEDIES SHALL 8E AS SET
FUR"1'H IN SUBSECCIUN (2) jLIQUIUA'fEU UAMAGGS).
Q(1) Specific Performance.
Seller may elect to treat this contras( as cancel led, in which case all payments ant things of value received hereunder shall be forfeited.and retained
on behalf of Scllcr, and Scllcr may recover such damages as may be proper, or Sel ter may elect to treat ibis contract as being in full force and effect
and Scllcr shall have the right to specific performance or damages, or both.
(2) Liquidated Damages.
All payments and things of value received hereunder shall be forfeited by Purchaser and retained on behalf of Seller and both parties shall thereafter
be released from all obligations hcreunJer. Tt is agree) that such payments and things of value are L1QU[DATED DAMAGES and (except as
provide(I in subsection (cp are SELLER'S SOLE AND UNLY RC•.~'1F.DY for Purchaser's failure to pcrfonn the obligations of this contract. Seller
expressly waives Ibe remeJies of specific performance ant adJitional damages.
(b) IF SF,I,I,I?K IS IN UI;FAUIT:
Purchaser may elect to treat this cenlrrct as cancelled, in which case all payments ant things of value received hcreunJer shall he rcturned~rtd~
$urr".,...._......, . J.......t_.. l.,, "+...I ~I xl-N?+reuut-F43i:; _.:,•;:::.~t bairn-it~r)1-R+ree-end eS:i~Ynttd
(c) COS'I;S ANU I~,XI'F,NSI~S.
Anything to the contrary' hcrcul notwrlhstan(hng, in the event of any litigation orarbitration arising out of this cvn[ract, the court shall awatTl to
the prevailing party all reasonable costs and expense. including attorney fccs.
17,-1i.,~tN(?S'f M1tONF.Y UISPU7'F,. NotwithstanJing :my tcnnination of ibis contrlcl, Purchaser ant Scllcr agree that. in the ever,Lnfas?yr'
anruuvcrsy regarding the rrnlesl money +++Niyr' ~•,luc held by broker or closing ngcnt, unless nano;,( wr;,~„uns me receive) by the holdcT
of the earnest money and Things of value, broker nr closing agent sh: :rctien hw may await any proceeding, or at broker's or
closing agent's option ant sole m erp cad all parties an(1 deposit arty moneys or things of value into a court otcunrpc(:rN}ur~cdi lion and
~?haH'tfiovcr court costs ant reasonable attorney fccs.
• ~
- ~ -
IR. IN5PEC1'ION. Purchaser or any designee, shall have the right to have inspection(s) of the physical condition of the Property and Inclusions, '
:U I'urchnscr's enpcnsc. II' wriucu nuliS'enof any unsatisfactory condition, signed by I'urchasrr, is not receivaJ by Scllcr or Listing Conyuroy
on or before ~ . 19 ,the physical condition of the Property and Inclusions shall
be dcemeJ to be satisfactory to I'urchascr. If written notice of any unsatisfactory condition, signed by Purchaser, is given to Seller or Listing Company
as set forth above in this ;~~tion, and i( !'urchascr anJ Scllcr have not reached a written agreement in settlement lhereot on or before
, 19 ,this contract shalt then terminate, subject to section 17. Purchaser is responsible and shall
pay for any damage which occurs to the Pnq)crty and Inclusio resuh of such inspection.
IY. ACF.NCY UISCLUSURI?. 'I he listing hmkcr, /V~
and its sales agents (Listing Company) represent Scllcr. The ~.isting Company owes duties of trust, loyalty nnJ confidence to Seller only. While the
Listing Company has a duty to treat Purchaser honestly, the Listing Company is Seller's agent and is acting on behalf of Seller and not Purchaser.
BY SIGNING BELOW, PURCHASER ACKNOWLEDGES I'RIOK 'TIMELY NOTICE BY LISTING OR SELLING CUMPANY THAT LISTING
COMPANY IS SELLER'S AGEN~A
The selling broker,
and its sales agents (Selling Company) represent: III' THE BOX IN SUBSECTION (h) IS CHECKER SELLING COMPANY
RT•.PRESI:NTS Pl1RCIIAS1iR (JNLY, AS SIiT fOR'1'll IN Sl1BSEC"PION (h). IF THE BOX IN SUBSECTION (b) IS NUT
CI IECKI;U, SELLING CUMPANY ItEPItESEN'1'SSELLER ONLY, AS SET FORTH IN SUBSECTION (a).]
(a) Scllcr. The Selling Company owes duties of trust, loyalty and confidence to Seller only. While the Selling Company has a duty to treat
Purchaser honestly, the Selling Company is Sellers agent and is acting on behalf of Scllcr and not Purchaser. BY SIGNING BELOW, PURCHASER
ACKNOWLEDGES PR[OR TIMELY NOTICE BY SELLING COMPANY THAT SELLING COMPANY IS SELLER'S AGENT.
? Ib) Purchaser. If the box is checkeJ: The Scliing Company owes duties of trust, loyally anJ confidence to Purchaser only. While the Selling ,
Company has a duty to treat Seller honestly, the Selling Company is acting on behalf of Purchaser and nut Seller. SELLER AND LISTING COMPANY
ACKNOWLEDGE PRIOR TIMELY NOTICE BY SELL~~LN¢G~C.OM/~{P~AN~,Y~y~T~HAT IT IS PUR~CH-A~SeER'S AGENT. ~~p~
20. AUUI'I'IONAL PROVISIONS: /VD r"`t^'l ~'w"w""'~''~r`'~V~ ~~~JU'VW~ GY1 s+P"'v'
•(a~ r7 ,c~~v OrcPa.;(.a~v+~c,e- 3. d ~ a Ti~~T~
Iro p
• 1
21. RF.COMMENUAI'ION OF LEGAL COUNSEL. By signing this document, Purchaser and Seller acknowledge that the Selling Company
or the Listing Company has recommenJeJ that Purchaser and Scllcr obtain the advice of their own legal counsel regarding examination of title and
this contract.
22. 'PFRMINA'170N. In the even this contract is terminated, all payments and things of value rceeived hereunder shall be returned and the
parties shall be relieved of all obligations hereunder, subject to section 17.
23. NO'TICF, OF ACCEI''TC^~U TC•.RPAR"I'S. If this pmposa) is accepted by Scllcr in writing and Purchaser receives notice of such
acceptance un or bcli+re Q ~ ~ . 19 .this Jocumcnt shall hecunre a cuntrnct between Scllcr anJ Purchaser.
A copy of this Jocumcnt may he executed by each party, scp:rratcly, and when each party has executed a copy thereof, such copies taken together shall be ,
deemed to he a full and complete contract between the parties.
Purchaser Date Purchaser Dale
Purchaser's Address
(TO BE COMPLE7~ED BY SELLER AND LISTING COMPANY]
CCGP'I'ANCI;/COMR7ISSION. Seller accepts the above proposal this Jay of / , 19
Sel ter shall p. > the Listing Company a commission of % of the gross purchase price or
as agreed upon bet Seller anJ Listing Company for services in this transaction. !n the event of forfeiture of paym and things of value received
hereunder, such payments things of value shall be divided between Listing Company and Seller, one-half eof to Listing Company, but not to
exceed the commission, and the ce to Seller.
Seller Dalc Seller Uate
SCller's Address
The undersigned Selling Company acknowledges receipt of earnest nwnc osit specifieJ in section 3 and both Selling Company anJ Listing
Company confirm the respective agency Jisclusurc set furl section Ir).
Selling Company
Bv:
/ ISipnmurcl
Dolt
AJJress
Listing Compa
IIv:
(Signature)
Date
rCSS