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HomeMy WebLinkAboutresolution.council.020-95 -', \'~ . . e iI.', i' ;j.: ~-~/ ~ RESOLUTION NO. 2 () series of 1995-- A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO, APPROVING A SETTLEMENT AGREEMENT IN THE MATTER OF THE APPLICATIONS OF HINES HIGHLANDS LIMITED PARTNERSHIP. et al., CASE NOS. 93 CW 322 & 93 CW 323 IN THE DISTRICT COURT FOR WATER DIVISION NO.5, STATE OF COLORADO, AND AUTHORIZING THE CITY ATTORNEY TO EXECUTE SUCH STIPULATIONS AS MAY BE NECESSARY OR APPROPRIATE TO IMPLEMENT SAID SETTLEMENT AGREEMENT ON BEHALF OF THE CITY OF ASPEN. WHEREAS, the Office of the city Attorney presented an Agreement to City Council in the matter of The Applications of Hines Hiqhlands Limited Partnership. et al., which Agreement is attached hereto and incorporated herein by this reference, wherein the city has agreed to withdraw its statements of opposition filed in the referenced action; and, WHEREAS, the City Council desires to approve said Agreement and authorize the City Attorney to execute such other and further stipulations and pleadings as may be necessary to implement the terms of said Agreement. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ASPEN, COLORADO: section 1. That the Agreement attached hereto and incorporated herein by this reference, in the matter of the Applications of Hines Hiqhlands Limited Partnership. et al., Case nos. 93 CW 322 & 93 CW 323 in the District Court for Water Division No.5, State of Colorado, is hereby approved; and, the Mayor of the city of Asepn is authorized to execute said Agreement on behalf of the city. The city Attorney is authorized to execute such stipulations or other documents as may be necessary or prudent to implement the terms of e e ~.. . w. ,~ \.~---- said Agreement. INTRODUCED, READ AND ADOPTED by the City Council ~~ ~ 7r , 1995. of the City , of Aspen on the ~ day of 8~ John s. Bennett, Mayor I, Kathryn S. Koch, duly appointed and acting City Clerk do certify that the foregoing is a true and accurate copy of that resolution adopted by the city Council of the City of Aspen, Colorado, at a meeting held on the day hereinabove stated. Kathryn S. Koch, city Clerk .e @' .. \ , ,\1..'.'._'.. m \, (a.. . AGREEMENT This Agreement is entered into as of ~~!!f), 1995, between Hines Highlands Limited Partnership and Aspen Highlands Mountain Limited Liability Company (collectively referred to in this Agreement as "Highlands") and the City of Aspen ("Aspen"). WITNESSETH: WHEREAS, Highlands is the successor in interest to the Aspen Highlands Skiing corporation which entered into an agreement on March 23, 1981, with Aspen, recorded in Book 407 at Page 651, Pitkin county Records, ("1981 Highlands Agreement") concerning the provision of 1.0 cfs of raw water to Highlands through the Maroon Creek Pipeline and the delivery of 4.5 cfs of Highlands' Stein-Arlian and Marolt Ditch or other water rights of Highlands through the Maroon Creek Pipeline to property owned by Highlands; WHEREAS, Highlands is a customer of the Highlands Water and sanitation District ("District"); WHEREAS, Aspen and the District are parties to an agreement dated March 23, 1981, recorded in Book 407 at Page 665, Pitkin County Records, ("1981 District Agreement"); WHEREAS, Highlands has applied for water rights, exchange and plan for augmentation in Case No. 93CW322 (Consolidated with Case No. 93CW323), now pending in the Water court, Water Division 5, State of Colorado ("ConSOlidated Case") whereby the water rights, exchange and plan for augmentation applied for are to be used to provide a water supply to Highlands' Project, as defined in Exhibit A hereto; WHEREAS, the appropriations sought to be confirmed in the Consolidated Case will divert water from Maroon Creek, and the exchange and plan for augmentation affect Maroon Creek, the Roaring Fork River, and the Colorado River; WHEREAS, Aspen has filed Statements of Opposition in the Consolidated Case; and WHEREAS, in this Agreement, the parties wish to provide alternative methods whereby Highlands can obtain a water supply for its Project, and at the same time protect senior decreed water rights, including without limitation the decreed minimum streamf lows in Maroon Creek, the Roar ing Fork River, and the Colorado River and the parties desire to address implementation issues in the 1981 Highlands Agreement and the 1981 District Agreement or, in the alternative, to amend or supersede the same as provided herein. "e". '~ ~ ~a.... \. ~....... ".. NOW THEREFORE, agreements set forth follows: in consideration of the covenants and herein, the parties covenant and agree as I. GENERAL PROVISIONS 1. The parties agree that water service may be provided to the Project pursuant to (1) a new Water Service Agreement which provides for potable water service and raw water for Project purposes from the City of Aspen consistent with the provisions set forth herein ("option 1"); (2) a new Raw Water Agreement which provides for raw water for Project purposes from the City of Aspen consistent with the provisions set forth herein ("option 2"); or (3) an independent system as described in this Agreement ("Option 3"). Highlands agrees that, if the District enters irito a Water service Agreement prior to or at the time of Highlands' submission of its Detailed Submission for the base village portion of the Project to Pitkin County, consistent with Aspen's current ordinances and policies and the terms of this Agreement, and acceptable to t~e parties thereto, it will first elect Option 1; if option 1 is not available, it will elect option 2; and it will elect Option 3 if neither option 1 nor option 2 is available. 2. Regardless of whether water service is provided to Highlands pursuant to option 1, option 2, or option 3, the parties agree that Aspen's Maroon Municipal Intake will be reconstructed as herein provided in section II, that the stream monitoring program as herein provided in section III will be undertaken, and that a decree containing terms and conditions no less restrictive than those set forth in section VII of this Agreement may be entered in the Consolidated Case. II. RECONSTRUCTION OF MAROON MUNICIPAL INTAKE " 3. Aspen shall reconstruct its Maroon Creek Municipal Intake ("Intake") so that it will be part of a measurement and reporting program capable of continuously measuring, on a real time basis, data on diversions, bypasses and releases at .the Intake. The Intake shall be constructed in a way that will enable Aspen to divert and transport its own water rights, (including 1.0 cfsof its own water rights to be delivered to Highlands at the Jones Drawoff or other mutually agreeable location). In addition, the Intake shall be constructed so as to transport to the Jones Drawoff or other mutually agreeable location an additional 4.5 cfs of water owned by Highlands or 4.5 cfs of water owned by Aspen if Highlands' water rights are conveyed to Aspen pursuant to this Agreement. The Intake shall also be reconstructed so as to permit continuous withdrawal and immediate release to Maroon Creek of the Colorado Water Conservation Board's decreed minimum streamflow of 14.0 cfs for Maroon Creek ("decreed minimum streamflow"). 2 t- '''II' di_ llY I). \\< . s \y' \\. '< 4. The parties acknowledge and agree that title to and ownership of the Intake is and shall at all times remain in Aspen and that Aspen shall be responsible for its continued operation, maintenance, repair and replacement. 5. Aspen shall design a reconstruction of the Intake to meet the requirements of Paragraph 3 above in an effective, cost- efficient manner, and shall obtain bids for its construction. Aspen will be 'responsible for reviewing bids, selecting contractors, and overseeing reconstruction ,of the Intake. Highlands shall have an opportunity to review the designs, and its input will be considered. However, Aspen shall make the final decisions regarding design criteria, construction specifications, and contractors. Aspen will make such decisions in a professional manner, with due ,consideration for reasonable costs. 6. Highlands shall be responsible for 22% of all costs of design and original reconstruction of the Intake, up to a maximum of $15,000. 7. Aspen shall use its best efforts to complete reconstruction of the Intake as provided herein by the earlier of (1) November 1, 1996, or (2) the date necessary to allow Highlands to start making diversions at any downstream points of diversion decreed to it in the Consolidated Case and actually constructed. The parties understand that scheduling may be affected by weather conditions and other matters beyond Aspen's control. Aspen agrees to anticipate such matters to the extent reasonably possible in the scheduling of the reconstruction in order complete the reconstruction by November 1, 1996 (which will enable Highlands to use water for snowmaking in November 1996), provided, however, under no circumstances shall such reconstruction be completed later than December 1, 1996. Aspen shall schedule such reconstruction as early as practical in order to complete it by November 1, 1996, or as soon thereafter as circumstances permit. In addition, to the extent appropriate and practical, Aspen shall coordinate such reconstruction with the relocation and construction of the Maroon Creek pipeline through the Project. III. STREAM MONITORING PROGRAM 8. In connection with the reconstruction of the Intake and at such time that any of the downstream points of diversion decreed in the consolidated Case are actually constructed and used, Highlands and Aspen agree to implement and operate a stream monitoring program that is acceptable to the Division Engineer and that allows (a) determination in real time of the continuous flows in Maroon Creek immediately below the point of diversion for the Stapleton Brothers Ditch and (b) actual measurement, in real time, of the diversions from Maroon Creek at all downstream points of diversion decreed in the Consolidated Case and actually constructed. Such program shall quantify the cumulative actual 3 -' @' \<. ita \1'. "'.,""It,"" d \t "< depletions to Maroon Creek at the Intake and at all constructed downstream points of diversion for the water rights which are ultimately decreed in the Consolidated Case. These points of diversion downstream of the Intake, for which decrees are sought in the Consolidated Case, are referred to in this Agreement as the "Downstream Water Rights" and the physical facilities through which the Downstream Water Rights will be diverted are referred to as the "Downstream structures." The parties understand and agree that the stream monitoring program will entail, at a minimum, reconstruction of the Intake as described in section II, and installation of measuring devices (effective during all seasons) at the Intake and the Downstream structures and measurement or modeling, or both, of streamflowsat the Downstream structures and the stapleton Brothers Ditch. To the extent acceptable to the Division Engineer , diversions by and administration of the new water rights confirmed in the Consolidated Case shall be made by measuring the flows of Maroon Creek at the Intake and diversions by the stapleton Brothers Ditch, utilizing the stream model to be developed hereunder. It is understood that- the fundamental assumptions to be incorporated into the model shall be those developed by Enartech, Inc. on behalf of Aspen and that the modeling for the streamflows at the locations below the Intake will incorporate those portions of the model developed by Resource Engineering, Inc. to the extent Enartech, Inc.'s model does not contain such elements, provided however that to the extent inconsistencies exist between the assumptions used in the Resource Engineering, Inc. modeling and Enartech, Inc. modeling, the assumptions of Enartech, Inc. shall.be used. Except as provided herein, Aspen agrees, to the extent reasonably practical, to continue to operate .the Maroon Creek Pipeline in a manner consistent with its historic practice which is the basis of the assumptions of Enartech, Inc. The model shall be periodically checked and calibrated by on- site stream measurements made during the winter at intervals deemed necessary by the Division Engineer. Provided, however, in any year in which, as of March 31, the snowpack report for the Roaring Fork River Basin is less than 80% of average, as determined by an agency of the united states or the Colorado state Engineer's Office, then the model shall be field checked and recalibrated with actual field streamflow measurements as provided above, on no less than a monthly basis throughout the following period from April 1. to March 1, to the extent river flows are low enough to permit the safe taking of field measurements in the river. In addition, on any day when less than 15 cfs are passing the Intake and Highlands desires to divert water for snowmaking at any Downstream structure, Highlands shall pay for and conduct in coordination with Aspen actual streamflow measurements at least daily at a point immediately upstream of any constructed Downstream structures. In such instance and in order to adequately protect the decreed minimum streamflow of Maroon Creek, on any such day, Highlands' 4 ~-",'", w y "<. @A ~. ~-", \~ 4" maximum diversions from the Downstream structures shall not exceed one-half of the excess of the measured flow over 14.0 cfs at that location until such flows equal 20.5 cfs at which time Highlands shall be able to divert a maximum of 4.5 cfs from the Downstream structures. Said 15 cfs shall be adjusted by the amount of any return flows to Maroon Creek from Aspen's hydroelectric plant in order to determine the actual level of stream flows in Maroon Creek for purposes of implementing this provision. The parties agree 'to consider discontinuing the taking of measurements once the model has been sufficiently calibrated in accordance with standard and acceptable engineering practices. 9. The stream monitoring program will be implemented ito assure that minimum streamflows will not be injuriously affectediat any time by diversion of the water for snowmaking through the Downstream Structures for or on behalf of the Project. The parties will use their best efforts to have the program described her~in capable of being implemented at the time of the completion of the ' reconstruction of the Intake but in no event shall it be implemented and operated until after construction but before the use of any of the Downstream structures. IV. COST ALLOCATION 10. (a) After the execution hereof, Aspen shall be responsible for 78% of the cost of developing the stream monitoring program required by this Agreement, and Highlands shall be responsible for 22% of such costs. If all or any portion of water used by Highlands is diverted at one or more of the Downstream Structures, Highlands shall pay, in addition, all of the additional costs necessary to implement and operate the stream monitoring program with the inclusion of the Downstream Structures and Stapleton Brothers Ditch. (b) The charge for all raw water delivered to Highlands by Aspen shall be based upon the cost of delivering raw water to Highlands through only those facilities of Aspen actually utilized in the delivery of such water; such cost taking into account the operation, maintenance, repair, depreciation and unrecovered capital costs for such facilities, together with new capital improvement costs associated with such facilities incurred subsequent to the reconstruction of the Intake as provided herein, consistent with American Water Works Association standards. (c) Highlands understands and agrees that, among the costs to be borne by Highlands, there will be reimbursement i to Aspen of hydroelectricity revenues foregone by Aspen at Highlands' request as a result of the delivery of raw water (in excess i of 1.0 cfs) to be supplied to Highlands for snowmaking through the Intake. Highlands understands and agrees that water flows to the hydroelectric plant cannot be turned off and on instantaneously; therefore, if the water supply to the hydroelectric plant must be 5 "e' 10" v it\., &_' lit '(~<. ~. @ '" \0.\.. reduced or curtailed, hydroelectric production may be significantly reduced or curtailed entirely for one or more days. Any reduction or curtailment for the purpose of providing such water to Highlan~s shall not exceed a period of two days beyond the termination of the diversion of water for snowmaking purposes hereunder. At Highlands' request, Aspen shall document that but for the diversion of such water for snowmaking the plant would have and could have been operating at a capacity that would have utilized the amount 'of water Highlands was using for snowmaking purposes. The amount to be reimbursed for foregone hydroelectric power generation revenues will be determined by calculating the foregone hydroelectric revenues based on dividing the average monthly power production for the same month (as shown in Exhibit B), by the number of days in that month to obtain the average daily power production. The average daily power production will be multiplied by the number 'of days hydroelectric production is reduced or curtailed to m~et Highlands' requirements for water in excess of 1.0 cfs, to obtain the total amount of power production foregone because of deliveries to Highlands. The total amount of power production foregone because of del,iveries to Highlands will be mUltiplied by the average cost to Aspen of purchased power from Holy Cross Electric Association (or its successor in interest) to obtain the amount to be paid by Highlands for foregone power production during that month. Such amounts will be billed to Highlands quarterly, and payment is due within 30 days of billing. To the extent that the hydroelectric plant is reconfigured and this method of determining such amounts to be reimbursed no longer is appropriate, it is the intent of the parties that, in such event, Highlands only pay ~or the hydroelectricity revenues that are actually foregone by Aspen as a result of the delivery of up to a maximum of 4.5 cfs of raw water to Highlands for snowmaking through the Intake. V. OPTION 1: PROVISION OF POTABLE WATER SERVICE AND RAW WATER FOR SNOWMAKING BY THE CITY OF ASPEN. 11. The District, on behalf of Highlands, currently has pending with Aspen a new Application for Water Extension which, if approved by the Aspen city council and accepted by the District, will provide for municipal potable water service to the project. Highlands agrees that if the City Council approves a Water Service Agreement consistent with Aspen'S current- ordinances and policies and the terms of this Agreement and acceptable to Highlands, Highlands will use its best efforts to cause the District to accept the Water Service Agreement. If a new Water Service Agreement' is entered into between Aspen and the District, Aspen will also provide raw water for snowmaking as provided in Paragraph 13 below. Upon the city Council's approval of such a Water Service Agreement, Highlands agrees to use its best efforts to cause the District! to execute the agreement, and to cooperate with Aspen'S efforts to secure a replacement of the 1981 District Agreement, or dissolution of the District, provided, however, that water service will! be provided to Highlands pursuant to the new Water service Agreement 6 ~e m ~, .~" 1,1,,"_ 11 ':~\,' ,~a ''II' - .... notwithstanding the dissolution of the Distric1:. The parties further agree that the 1981 Highlands Agreement will be superseded and replaced, in its entirety upon the execution of a new Water Service Agreement. 12. Highlands will use its best efforts to obtain a decree in the Consolidated Case which contains, at a minimum, the provisions set forth in Section VII of this Agreement. 13. Highlands will convey to Aspen all of its right, title and interest in and to all water rights, changes, exchange and plan for augmentation decreed pursuant to the applications filed in the Consolidated Case, except the Pearson Spring DitCh, and Aspen will provide to Highlands water for snowmaking for the Project as follows: 13.1 The Intake will be designed and reconstructed as provided in Section II above, and, upon construction of and prior to any diversion through any of the Downstream Structures, the stream monitoring program described in Section III above will be developed and implemented. The parties further agree that in view of Highlands making on-site and off-site infrastructure improvements, Aspen agrees to establish a new service area for the Project, as defined in the decree of the Consolidated Case. This new service area shall only encompass the Project and, if approved for a Water Service Agreement, the Moore project, and shall not have tap fees or other charges that are any greater than those of Service Area 5. The capital costs contributed by Highlands in connection with its obligations under sections II and III shall be allocated to the rate base for this new service area. 13.2 Highlands, in its sole discretion, may determine which Downstream Structures are to be designed and constructed and the timing of such construction, provided, however that the Downstream Structures shall be designed to meet the stream monitoring requirements set forth in paragraphs 8 and 9, and to otherwise ensure compliance with the terms of this Agreement. Aspen shall have an opportunity to review the designs (which shall conform to Aspen's design standards for such facilities) to verify that they so conform and are adequate to meet the diversion and measurement requirements of this Agreement, and its input will be considered. However, Highlands shall make the final decisions regarding design criteria, construction specifications, and contractors. Highlands will make such decisions in a professional manner, with due consideration for reasonable costs. Each constructed Downstream structure, together with easements sufficient to allow Aspen to operate, maintain, repair and replace the structure as provided herein, will be conveyed to Aspen upon its completion subject to having the Downstream Water Rights being used for their decreed purposes at the Project by Highlands, if water is not provided through the Intake as set forth herein. Upon such conveyance, Aspen will be responsible for all operatipn, 7 m,:,:It', ' \N '~, " ~a, ,\., ,tA" xl. maintenance, _repair and replacement of the Downstream structures and the cost thereof shall be included in the water rates charged to Highlands for raw water. 13.3 If Highlands elects to have a pipeline and associated facilities constructed at its cost from Thomas Reservoir to the Project for the delivery of raw water, Highlands and Aspen shall jointly design such facilities. Aspen will be responsible for obtaining and reviewing bids, selecting contractors, and overseeing construction of the Thomas Reservoir pipeline and associated facilities. Highlands shall have an opportunity to review the designs, and its input will be considered. However, Aspen shall make the final decisions regarding design criteria, construction specifications, and contractors. Aspen will make such decisions in a professional manner, with due consideration for reasonable costs. Highlands shall convey to Aspen any interest it may have in the pipeline and associated facilities and easements, if any, and upon such conveyance, Aspen will be responsible for all operation, maintenance, repair and replacement of said pipeline. Aspen will recover the costs of such operation, maintenance, repair and replacement through the water rates charged to Highlands. 13.4 Highlands agrees that it will make demand for water for snowmaking purposes only during the months of october through February each year, and that the. instantaneous flow diverted from Maroon Creek for snowmaking purposes will not exceed 5.1 cfs without amendment of this Agreement. 13.5 During the months in which water may be used for snowmaking, Highlands will designate a representative who will be available at times agreed to by the parties to advise Aspen of Highlands' snowmaking needs, and, if necessary, to reduce or curtail Highlands' snowmaking operations as provided herein~ The parties agree that when the amount of water measured in Maroon Creek at the Intake (after diversion by Aspen for its municipal needs), falls below 30 cfs, Highlands' designated representative will be advised, and will be available to work with Aspen to assure that snowmaking operations do not injuriously affect the decreed minimum streamflow. -. 13.6 Aspen will make available to Highlands for snowmaking purposes up to 4.5 cfs of water from its water rights (including those rights transferred to Aspen by Highlands pursuant to the Water service Agreement). This water will be made available at the Intake, and, if necessary, at Downstream structures and Thomas Reservoir to the extent that the Downstream structures and the Thomas Reservoir pipeline have been constructed. 13.7 If during the months of October through February of each year the amount of water measured in Maroon Creek at the Intake (after diversion by Aspen for its municipal needs) falls below 30 cfs, the Aspen Water Department and Highlands jointly 8 ',e,,',., " ~( '''< ""It" "' ti \. (r_f" '\ .. will determine how much water can be made available for snowmaking (based on streamflows at the Intake and existing Downstream structures) without injuriously affecting th~ decreed minimum streamflow or adversely impacting Aspen's ability to provide municipal water service to its customers. 1 The Aspen Water Department will also determine, based on these criteria, whether water shall be delivered to Highlands (1) at the Intake; (2) frOm the Thomas Reservoir, (3) from the Downstream structures, or (4) from some combination of these structures to the extent such are constructed. The parties agree that water for Highlands' snowmaking needs will be provided first and primarily from the Intake or the Thomas Reservoir so long as water is physically available and can be provided without injuriously affecting the decreed minimum streamflow or adversely impacting Aspen's ability to provide municipal water service to its customers, subject to the provisions of footnote 1. If and to the extent water is not physically available, decreed minimum streamflows would be injuriously affected or Aspen's ability to provide municipal water service to its customers adversely impacted, water for snowmaking will be provided under the Downstream Water Rights at the Downstream structures, to the extent said Downstream Water Rights are in priority. Highlands and Aspen shall cooperatively design and construct the diversion structure at the Jones Drawoff or other mutually agreeable location which can be regulated so as to deliver a maximum of 5.1 cfs. All costs of such reconstruction shall 'be paid by Highlands. At times when water is required by Highlands for snowmaking use, the structure will be regulated in order to deliver up to 4.5 cfs for such use on an as is available basis as determined above. Provided however between the beginning of October and the end of February, Aspen shall deliver each day to Highlands water for snowmaking an amount not less than 0.6 cfs upon Highlands' request. Such amount may only be interrupted in the event' of an emergency associated with the ability of Aspen to deliver raw water through the Intake and Maroon Creek Pipeline or in the event of scheduled maintenance which Aspen shall use its best efforts to not schedule between November and February lor between June and August and provided that Aspen shall coordinate the scheduling of such maintenance with Highlands in order lto minimize any adverse impacts associated with the interruption of the provision of this raw water and Aspen agrees to use its best efforts to reinstate its ability to deliver such water as quickly as possible. If the Project peak daily domestic water supply demand exceeds 0.4 cfs for more than three (3) days in any One 1 The parties understand that Aspen may, after the date of this Agreement, commit to provide water service to customers it is not now presently committed to serve. Aspen agrees that any water service to new customers (other than the Project and the Moore Family project presently pending before the Aspen City Council) will be subject to Aspen'S obligation to provide water for snowmaking as herein provided. 9 $,,'_', ~ ""'0 ~, Z., t"a, \'%tIP period between October and February, the 0.6 cfs delivery requirement shall be reduced by the amount of any such excess. 13.8 Aspen shall be responsible for all recordkeeping and reporting associated with delivery of water to Highlands pursuant to this Paragraph 13. Aspen will also be responsible for measurements, recordkeeping and recording necessary to verify the accuracy of modeling of stream conditions at the Downstream structures if and when they are constructed. The costs of such measuring, reporting, and recordkeeping to verify the accuracy of modeling of stream conditions at the Downstream structures shall be charged to Highlands as operation and maintenance costs within the new service area. 13.9 Except as otherwise provided herein, Highlands will pay for the water provided pursuant to this Paragraph 13 as provided in the new Water service Agreement with Aspen and in accordance with Paragraph 10 above. VI. OPTION 2: PROVISION OF RAW WATER BY THE CITY OF ASPEN. 14. The parties acknowledge and agree that until a new Water service Agreement is executed between Aspen and the District, Aspen has committed to continue to provide 1.0 cfs of raw water . to Highlands pursuant to the 1981 Highlands Agreement. If Highlands does not obtain a new Water service Agreement with Aspen, Aspen will nevertheless continue to provide 1.0 cfs of raw water to Highlands pursuant to this Agreement for all lawful purposes for which Aspen's water rights are decreed. Such amount may only be interrupted in the event of an emergency associated with the ability of Aspen to deliver raw water through the Intake and Maroon Creek Pipeline or in the event of scheduled maintenance which Aspen shall use its best efforts to not schedule between November and February or between June and August and provided that Aspen shall coordinate the SCheduling of such maintenance with Highlands in order to minimize any adverse impacts to the domestic service to the Project associated with the interruption of the provision of this raw water and Aspen agrees to use its best efforts. to reinstate its ability to deliver such water as quickly as possible. 15. In addition, Aspen's City council may approve a new Raw Water Agreement acceptable to Highlands by which Aspen would provide 1.0 cfs as provided herein and in the 1981 Highlands Agreement as well as additional raw water for snowmaking purposes, including without limitation the water rights confirmed in the Consolidated Case, which would be conveyed to Aspen, except for the Pearson spring Ditch. Such a new Raw Water Agreement will contain the provisions set forth in Paragraphs 13, 13.1, 13.2, 13.3, 13.4, 13.5, 13.6, 13.7 (subject to the size of the diversion structure at the Jones Drawoff or other mutually agreeable location being regulated to deliver 5.5 cfs rather than 5.1 cfs), and 13.8. The cost of raw water provided pursuant to this option will be as set 10 e. Si, \.\ "'", lit',,', \,\ ~'" '< ~,l_, ~\ '\;" forth in Paragraph 10 hereof. Raw water deliveries to Highlands will be metered, at Highlands' cost, so as to meter instantaneo~s deliveries of raw water to Highlands. The new Raw Water Agreement will supersede and replace entirely the 1981 Highlands Agreement. 16. If this Option 2 is selected, Highlands will be solely responsible for all treatment and distribution of raw water, and for compliance with any and all statutes, ordinances, rules and regulations affecting their provision of water service. Highlands' water distribution system must be effectively isolated from the water distribution systems of both Aspen and the District. Highlands will petition for exclusion of the Project Property from the District and Aspen agrees to support such petition and shall in no way oppose such petition. VII. OPTION NO.3: WATER SUPPLY PROVIDED BY HIGHLANDS' INDEPENDENT SYSTEM. 17. Until such time as the Aspen City Council approves a,new Water Service ,Agreement with the District or a new Raw Water Agreement with Highlands, or if Aspen and the District fail to enter into a new Water service Agreement or the parties fail to enter into a new Raw Water Agreement, the parties agree that water may be diverted and used in accordance with a decree entered in the Consolidated Case that contains, at a minimum, the following terms and conditions: design, program 17 . 1 Highlands and Aspen implementation and operation as set forth in Paragraph 8; shall participate in the of the stream monitoring 17.2 Aspen will continue to provide 1. () cfs of raw water to Highlands pursuant to the 1981 Highlands Agreement for all lawful purposes for which Aspen's water rights are decreed and Highlands will use this as its primary source of water for the Project. 17.3 To the extent Highlands does not fully utilize the 1.0 cfs provided by Aspen for Project purposes other than snowmaking, Highlands may use this water for snowmaking on the Project Property. In no case will instantaneous deliveries of the 1.0 cfs provided by Aspen exceed 1.0 cfs, and Highlands will install, at its expense, meters that will measure instantaneous deliveries. 17.4 Highlands will not obtain a decree for any exchanges or plans for augmentation using the Stein-Arlian-Marolt water right. 17.5 recordkeeping and provided by Aspen, Highlands shall be responsible for all reporting associated with its use of water and the water rights decreed in the Consolidated 11 e' "1,,",, ill' \::\.. "",It" [t 1\ '\ 'It,' ~' \\ "", - -.... Case. Highlands will also be responsible for measurements, recordkeeping and reporting necessary to verify the accuracy of modeling of stream conditions at the Downstream structures. Aspen shall, at its request, be provided with copies of all data obtained, as well as summaries, compilations, and records generated from such data. Aspen shall also have access to measuring and recording devices and the real-time reporting mechanisms installed at all of Highlands' decreed points of diversion. 17.6 Highlands shall not withdraw from Maroon Creek more than a total of 4.5 cfs collectively from all of the structures decreed in the Consolidated Case. 17.7 Releases of water stored in Ruedi Reservoir will not provide augmentation water to users on Maroon Creek or the Roaring Fork River above the confluence of the Fryingpan River, including the minimum stream flows previously adjudicated to the Colorado Water Conservation Board in Case Nos. 76CW2945 and 85CW646. Therefore, at times when the Board's minimum stream flow rights are_ not satisfied, Highlands agrees to discontinue the use of Ruedi Reservoir as an augmentation source of the water rights to be decreed in the Consolidated Case, and to discontinue out-of-priority diversions from Maroon Creek unless such diversions are fully augmented by sources located upstream of Highlands' point or points of diversion, and acceptable to the state and Division Engineer'S Office and the Colorado Water Conservation Board. 17.8 Snowmaking shall be limited to the months of October through February each year, and the maximum instantaneous diversion for snowmaking, pursuant to any combination of Highlands' water rights, will not at any time exceed 4.5 cfs. 17.9 Highlands shall not be entitled to divert or use the water rights decreed in the Consolida-ted Cases until (1) reconstruction of Aspen's Maroon Creek Municipal Intake has been completed as described above, and (2) the stream monitoring program has been implemented in accordance with the provisions of Paragraph 8. -- 18 . With respect to the provision of 1.0 cfs by Aspen in accordance with Paragraph 17.2, such amount may only be interrupted in the event of an emergency associated with the ability of Aspen to deliver raw water through the Intake and Maroon Creek Pipeline or in the event of scheduled maintenance which Aspen shall use its best efforts to not schedule between November and February. or between June and August and provided that Aspen shall coordinate the scheduling of such maintenance with Highlands in order to minimize any adverse impacts to the domestic service to the project associated with the interruption of the provision of this raw water and Aspen agrees to use its best efforts to reinstate its ability to deliver such water as quickly as possible. 12 ~a, \. Ie!', \\ '\, lA, \~. 19. (a) If Highlands elects to have a pipeline and associated facilities constructed at its cost from Thomas Reservoir to the Project for the delivery of raw water, Highlands and Aspen shall jointly design such facilities. Aspen will be responsible for obtaining and reviewing bids, selecting contractors, and overseeing construction of the Thomas Reservoir pipeline and associated facilities. Highlands shall have an opportunity to review the designs, and its input will be considered. However, Aspen shall make the final decisions regarding design criteria, construction specifications, and contractors. Aspen will make such decisions in a professional manner, with due consideration for reasonable costs. Highlands shall convey to Aspen any interest it may have in the pipeline and associated facilities, and upon such conveyance, Aspen will be responsible for all operation, maintenance, repair and replacement of said pipeline. Aspen will recover the costs of such operation, maintenance, repair and replacement through the water rates charged to Highlands. (b) Highlands and Aspen shall cooperatively design and construct the diversion structure at the Jones Drawoff or other mutually agreeable location which can be regulated so as to deliver a maximum of 5.5 cfs. All costs of such reconstruction shall be paid by Highlands. (c) Aspen will continue to make available to Highlands at the Intake an interruptible conveyance of water, not to exceed 4.5 cfs, pursuant to the 1981 Highlands Agreement. 20. The cost to Highlands for use of Aspen's Intake for carriage of Highlands' water rights and water provided to Highlands from Aspen's water rights will be as set forth in Paragraph 10 hereof. 21. The parties agree that the provisions of this Part VII are a stipulation made in settlement of the Consolidated Case and that said provisions shall be fully enforceable by the Court in the Consolidated Case through entry of a decree or otherwise. The parties expressly waive all objections to the introduction of this Agreement into evidence by any party hereto for the purpose of enforcing its provisions. This waiver is not intended to waive any objection to introduction or use of this Agreement by any person or entity not a party hereto. VIII. GENERAL PROVISIONS 22. A party's failure or delay to exercise any right hereunder shall not affect such party's right to exercise such right at any future time, or to exercise any other right it may have under this Agreement. 23. hereunder No party shall be held liable for a failure to perform due to war, strike, act of God, natural disaster, 13 ',-,,',',', ~t. '\" ". H',,', , i\') "t '" "e', \t -'< drought, or other occurrence, whether similar or dissimilar, outside of the control of the party. 24. If any provision of this Agreement shall be or become invalid or unenforceable, the remainder of the Agreement shall not be deemed invalid or unenforceable, and each and every remaining provision shall be enforceable to the fullest extent permitted by law. 25. Neither this Agreement nor any right to receive water hereunder may be amended or assigned without the written consent of the parties hereto, which consent shall not be unreasonably withheld. Any consent to an assignment or amendment shall not be deemed as a consent to any subsequent amendment or assignment. Any attempted assignment of rights or obligations under this Agreement in violation of this paragraph shall render the Agreement void. Consent is hereby provided for any assignment of all or a portion of the rights hereunder to any mortgagee or lender of the parties, the United states Forest Service, and the permittee of the Forest Service for the operation of the Aspen Highlands Ski Area. 26. This Agreement is binding upon the parties hereto, and their respective successors and assigns, and any sale of the Project or the Project Property shall be subject to this Agreement. This Agreement shall be recorded, and shall constitute a covenant running with the Project Property. 27. In the event of any default hereunder, the non-defaulting party shall deliver notice as provided herein to the party alleged to be in default. The defaulting party shall then have thirty (30) days within which to cure such default. 28. For purposes of providing any notice hereunder, notice shall be deemed given upon delivery or deposit of written notice, first class postage prepaid, in the United States mails to the parties as follows: Aspen: Phil Overeynder city of Aspen Water Department 130 South Galena Street Aspen, Colorado 81611 Copy to: David Bellack, Esq. Assistant city Attorney 130 South Galena Street Aspen, Colorado 81611 Cynthia F. Covell, Esq. Alperstein & Covell, P.C. 2000 Colorado State Bank Building 1600 Broadway Denver, Colorado 80202-4920 14 II." ~. e" f"i " ~) '+"'" 'It loY' iY Vi .\i( "< -- -- Highlands: Frederick A. smith Aspen Highlands Mountain Limited Liability Company c/o Aspen Skiing Company P.O. Box 1248 Aspen, Colorado 81612 Robert E. Daniel, Jr. Hines Highlands Limited Partnership P.O. Box 4970 Aspen, Colorado 81612 copy to: Kevin L. Patrick, Esq. Kevin L. Patrick, P.C. 205 South Mill suite 300 Aspen, Colorado 81611 Arthur B. Ferguson, Jr., Esq. Holland & Hart 600 East Main Street Aspen, Colorado 81611 Fred H. Dunlop, Esq. Baker & Botts, L.L.P. One Shell Plaza 910 Louisiana Houston, Texas 77002-4995 29. This Agreement and the rights and obligations of the parties hereto shall be governed by and construed in accordance with Colorado law. Venue for all actions arising under this Agreement shall be Pitkin County, Colorado. In the event of litigation, the prevailing party shall be entitled to recover reasonable attorneys' fees, as well as expert witness fees and other costs associated with enforcing the terms of this Agreement. 30. By signing this Agreement the parties acknowledge and represent to one another that all procedures necessary to validly contract and execute this Agreement have been performed and that the persons signing for each party have been duly authorized to do so. 31. This Agreement may be signed using counterpart signature pages, with the same force' and effect as if all parties had signed on the same signature page. 15 te',,' \\ "''' f."" ''II' I,Ze""" \".' \<, IN WITNESS WHEREOF, the parties have execubed this Agreement on the date first above written. HIGHLANDS: ::~s ml7~sm David Parker, Vice President of Aspen Highlands Skiing Corporation, general partner ASPEN HIGHLANDS MOUNTAIN LIMITED LIABILITY COMPANY, ill Delaware limited liability company By Bell Mountain Partners Limited Partnership, an Illinois limited partnership By Bell Highlands corporation, an Illinois corporation ~ ASPEN: CITY OF ASPEN By: John ~ iY~- Bennett, Mayor ATTEST: ~ 16 ,a" ~\. &It",,'..,' (> \I '..< e" ~,',',',' l{<.. EXHIBIT A The Highlands Project encompasses the Aspen Highlands Ski Area and the Aspen Highlands Base Area development properties that are located in Pitkin county, Colorado. The legal description for the united states Forest Service ski area permit boundary for the Aspen Highlands Ski Area is attached hereto. A map depicting the private properties that are adjacent to the united States Forest Service property and that are included with the Project is entitled "Aspen Highlands Transactions Parcel Delineation" and is attached hereto. The Aspen Highlands Base Area will include a total of approximately 220 residential units, made up of a combination of large single family residences, medium size single family residences, three-bedroom townhouses, two and three-bedroom condominium units and three-bedroom employee (one-bedroom units and three-bedroom units). In addition, there will be approximately 50,000 square feet of commercial, office, and restaurant space for such uses at the Aspen Highlands Base Area. Approximately i7.0 acres of land will be irrigated within the Project. The Aspen Highlands Ski Area encompasses and will encompass the on-mountain properties and skiing operations which includes, without limitation, restaurants, maintenance facilities, lift facilities, snowmaking facilities, and such other activities and facilities that are necessary or appropriate for the operation of a ski area and year round recreation area. The irrigation in the Project will use both treated potable water and raw water. All on-mountain uses in connection with the ski area except for snowmaking will use treated potable water. All snowmaking will use raw water. The snowmaking component will require a total annual diversion anticipated to be approximately 314 acre feet. i-~i:J"JnL:t! "O'l"TlJ I7IU:lIL:l.:-1..l1 il\II.....:.~ ~._~ , ., ,.,.. ...,. EXllIDIT "1'>". ,_. ~ , '. k~", ' \:" . ....~... . .'L " ~. -'~ . .I'," " !Y ,\ "" :, Drexel Ban:ell .~~ '.r~ '" . september, 10, 1993 Englnoer$/Surv'l'on Incorpor~l<d . ' .! " .' ' , .A. description of the Forest Service Permit bound~ry for Aspen Highlands Ski Area looated in TiOS, RB5W:: 'and in Tl1s" R85H, all of the 6th,1?M., for Aspen " Skiing' company. ' Bouldtr, ' Colorado Springs 4S40 Pearl East Circle Suite 114 Bould,r, Colorado 80301.:2.47S 303 442 ma LBGAL DESCRIP'rIOll " A tract of ".. 6'th P.M. , follows: .land located in Ti0S, RU5W and in TiiS, RB5W, all of the : county of pitkin, state of Colorado, ,described' as " .i ,*_: ~.: commencing at ,the Ni/4 Corner of seotion 23, T10S,'RB5W bf the 6th p,M., thence H87058'50"W, 1351.6B fAet aJ.ong'theNorth line of the NW1/4 of said section 23 to the No~theast corner, of Lot 1 in said section 23' and the' TRUE POINT OF BEGINNING i ' , ' , ! ," ,!( . ,r:: ; (. ~ " '.. ' ;. .. ~'" .' ..: I "j:L ~" ',;.! : 01,' '.j '\,! .. 'I;: . :: !'; ,,:'j. ji:,' ,Yt;." \1,1, ':i1 " . , ~.: i .:- ' . , j,., , . hi:,' "':lV;, ~i ~! : i 'j" " " ::~, r': : ',': ':lli : : ~. , 0:' ", " , . d' . if ','\ "! , '..'l' Thence SOoo59'33"W,' 2642.58 Lot 2 in said, section 23 to 'section 231 ' feet al.ong the East line of Lot 1 and the Southeast corner' qf Lot 2 in said: "0' . , " ',' , , " " teet along the' East line of Lot 7 and the southeast Corner of ' Lot 8,io said , ' " Thence Soo'~j8'34"W', 2690.57 'Lot 8 in said Section 23 to section 23; Thence S15036/05"W, 382.94 feet to a point of, curve to the left; I: 'i. ';i\':" , " ,~ , i" :', .. 'Ii: :-H " " :i :I;,. , i~.; Thence southerly,' 1954.25 feet along the arc of said curve to a point of compound curve, said arc having a radius of,3875.00 feet, ,<,.', a central angle of 28053'44" and being;subtended 1;>y tI.'chord that ,..,-j\i. bears S01009~ 13"W, 1933.60 :feet;. '., ',,' '; : ',!i> .' Thence south~'a"ster'lY, 213.30' feAt. al~ng' ,the arc' ~f 'said compo~nd ::';::\L,' curVA ,to a' point, of reverse, curve, said' arc having ,.a radius '"of, , j(:: 1060.00 feet; a central angle of 1:1:031'4511. and being subtended1by;';;', a chord that ,bears S19~03'31"E, 21:t:94'feet; , ".\.:'~' :" ',-,,',' W \'<- . :'(K',Albers - 5530 16!l1L. KA) , :' ..o'j: : '" ":. ' ": ,I. ,.! --- ........-.;..1.--: ..... - _'I:.~"'-:-O O-I.t..:v'-' 'tJ,,':r-. , - e' ~\,' " iK 'i; ''-; .' @.',:,'"" "',. \, pa 0. ',' " . "',;,:, .~ Legal,Descdption september l~, 1993 Page 2 Thence southerly, 1204;89 feet along the arcof'6aid reverse curve to a point ,of reverse ourve, said arc having a radius of 1030.00 feet, a central angle of 67001'~,~1I and being subtended by a chord that bears SOe041'201lW, 1137.36 feet; " " ' . 'Thence southerly, 929.65 feet along the arc of said reverse curve to a point. of reverse curve, said aro having a radius of 700.00. feet, a central ~'ngle of '76005'33" and being subtended by a chord' that bears:S04~0~'17"W, 862.82 feet;" . Thence Southerly, 892.09 feet along the arc of said reverse curve to a point of reverse curve, said o.rc having a radius of 800.00 feet, a pentral angle of 63053'2911 and being sUbtendedhy'a chord that bears SOl056~4511E, 846.59 feet; , Thence southerlYI,'86B.43 feet along the arc of said reverse 'curve.. to a point. tangent, said aro having a radius of -1150.00., feet; a central angle of 43016"0211 and being subtended by a chord that bears soe021'59"W, 847~94 feet; " "Thence S13016'02'IIE, ,9:1.2'.53 feett"o a point of curve to the right; . , " " . I Thence South\o1esterly I 1179.61.' feet along. the arc' of said curve" to ll, point tangent, said arc having a radius of 915.00 feet,. a central .i angle of ,73051' 54" and beingsubtended by a' chord that bears., S23039'55"W,l099.60'feet;' . ' Thence S60035'52"W, 529.38 feet to a point of curve to the left; ~.~- . Thenc'e southweste~lY, 11.29.37 feet along ,the 'arc .of' said' curve to a point. tangent" said arc having a radius of 680.00 feet': a central' angle of. 95009'33" and being subtended by a chord:,that. bears S13001'0611W,,'1003.97feet'j'.' '.,,' ,.,,'.:..,',1: Thence S34033'41"E, 11-38.32 feet to a point of curve to thE> right; ( 'Thence southwesterly, 1478.17 feet along the.arc of said curve to ,': a, point of reverse c;mrVB, said arc having a radius of 600.00 feet,. , a central angle of, :l.4P09'16" and heing 6ubtended' by a, chord that ,. beqrs S360QO',57"W,., 1131.71 feet; .:' . I .' . / . :. I ' ,Thence Westerly, 2631.04' feet along the arc of 'sil.i~reverse curve .:i to a point of compound curve, said arc having a radius of 6260;00,' feet, a centtal angle of 24004'52" and being subtend~d by a chord that bears N85026'51"W, 2611.71,feet; ", ~<I:', " i .' ~.t" (K. Albers - 5530 1691L.KA) .1 ".' : l:\; ',:i: .... . ',;"1 "," ',.:.. :1: ", :.;' '1., ., '1 ; ;\,,' . : ~,l, .' .j:. ., '..1' I", ;' I'" .' .. '; " '"j" .... : ~: . 'I:' : ~ ! :'.' " ,', , . '~ .;\\;.( " . .~; .",;1';"" . l"~ '.' . '.,:.~~' n :' . ' '..:j".. ..- :.::. '.:lll";', "'t " ,1\., '. ., ;;: ,. '.:'!j",' :; ,I' " , i.~. ..d.' ,j .,,: ':! " .! , .;1: , lJ.; ~1:' \ ,,'. ,!, '\ ; I&a," ' '. '-' $,',:,," , \\ ',<. . *-'"" {!. \ - r;:-: ,. , .Legal Description , ' September 10, 1993 Page 3 Thence Southwesterly, 709.39 'feet. along the' arc of said 'compound curve to a point tangent, said arc having a radius ,of 2415.00 feet, . , a central angle of 16049' 49" and being subtended by a chord that. bears 874005'49"1'1, 706.84 feet;""" ' 'rhenca S6s040'55"W, .619.48 feet to a point of curve to the right; , . . . Thence llorthweet9F1Y, 1985.12 teet along the arc pf said. curve to a point tangent;: said, arc having' a radius of 1160.00 feet, a central, angle of 98003'03" and being subtended' by a chord that bears N65017'33"W,1751.60 feet; , Thenoe N16~16'02'iIW,' 687.14 feet to a point of ourve .tothe leftl Thence Northwesterly, 6~3.17 feet along the arc of said,burve to a point tangent, said arc having a radius of 1130.00 feet, a central angle of 31"05'26" and being 5ubtel)ded by a' chord 'that bears N31048'45"W, 605.68 feet; Thence N41G21'2B"W, 1719.69 fMt to a point of curve to the rightl :. . , "I" .11. . ' :!~. t, . , ,,i ;j: I Thence Northwesterly; 1189.95 feet along the arc of said 'curve to a point of, compound curve, said arc having a radius of 2325 ;00 .feet, a central angle of 29019'28" and being subtended by a ~hord th~t bears N32041'44"W, 1177.01 feet; 'rhence Northeasterly, 1115.20 feet ll-long the arc, of said compound curve to a point of reverse curve, said arc having a radius of 820.00 feet, a central angle of 77055'20" and being subtended by a chord that bears,N20~55'40"E, 1031.22 feet; . ':. .' " '. ' . i;. " " "~: ", ,Thence Northeasterly, 1238.53 feet along the arc of said reverse curve to a' point, of reverse curve, said arc having, a radius of, 3960.00 feet, a central angle of 17055'11" and being subtended by. a' chord that bears N50055'14"E, 1233.49 feetj , Thence NortheasterlY, 1430.82 feet along the ara of said reverse ,.' curve to a' point of reverse curve, said ara having a radius of 4730,00 feet, a central angle of 17019'55" and being Bubtended'by a chord that bears'N50038'06"E; 1425.38 feet; ,,' Thence Northeasterly, 586.49 feet along the, arc of said reverse curve to a point tangent said ara having a radius eif 1315.00 feet,' a central angle of 25033'13" 'and being 6ubtended by a'ohord'that bears N46031'27"E,' 581.64 fe~t; , " Thence N33044'50"E, 819.98 feet to:~ point of ourve to the left; . . ' . , ~'" - , ." . , '. '. ",' :;.'. " (K. Albers - 5530 1691L,KA) ,'.' " :!. , :~:.; .' ::. . " ...__._,--~---_.._'''~-.,--;....._...~ - \'t:T' .[-pnl\I\c.LL---.........w~-...I.III\- 1\\.1. lil.."C. ...... ..JV..;,"h-........ ... ::.\;-LF'5rlii:li-.ti~1.i: .- ~ /' ';':~l;.;",: , : I J .' : .. LIe. ' ,J" y '''! 'Legal Description page <\ september 10, 1993 Thence Northerly; 904.91 feet:. along the aro of said curve to, a point of reverse curve, said arc !laving a :radius of 835.00 feet, a cent.ral angle of 62.05'34." and...being Gubtended by a chord that bears ,l102042'0311E" 861.27.,feetj " '.' " " Thence N9rtherly,' 1110.45 feet along the a,rc of sai.d reverse curve to a poin~ tangent, said arc having a radius of 975.00 feet; ~ central angle of.: 65015'19" and being sUbtended, by a chord that , . ~ears N04.16'56111, 1651,39 feet; , Thence N36054.'35"E,' 692.85 fee-t to a point of curva to the left; ,Thence Northeasterly, 514.29 feet along the arc of'saidcurve to a point tangent,' said arc having a radius of 850. 00 feet, a central angle of 34040'01" and, being 6ubtended by a' chord that pears N1g034'3S"E,506i48 feet; , Thence N02014'35I1E, 956:40 feet to a point of curve to the right; , Thence Northeasterly, S8a.42 feet along the arc of said curve to a point tangent, sidd arc having a radius of 870.00 i;eet, a central . angleo!: ja045'0611 and being subtended by a chord that bears fA". (.~210371 OB liE; 577.27 feet; " 4. 'X'.hence N40..59'41"E, 26B.00 feet to a point of curve 'to the left; Thence Northeaste.rly, 741.'47 feet a1'ong the arc of said curve to a ~oint tangent, said ara having a radius 6f 1590,00 feet, 'a central angle of 26043'0$11, and being subtended by a chord'that bears N2703B'0711E, 734.77 feet; " "' Thence N14.16'33"E, 589.45 feet to 11 point of curve to the right; \. . " I Thence Northeasterly, 406.55 feet along the arc 6fsaid curve tp a point tangent, said arc having a radius of ~400.00 feet, a central angle of' 16036 '18" and being subtended by a chord that bears N22"35'42"!, ,405.12 feet; " Thence N30"54'5~IIE, 129.46 feet to the South line of the NH1/4 of Section 22, T10S,' R8SH of the 6th P.M.; .' I Thence S89023'50"E, 146.73 fe.et along the: sou'th li1'\e of the NWl/4 of seotion 22 to the Hest'line of Lot 2 in said' Section 22; Thence HOoo48'lO"E, 245.60 feet along the ,1est Une of Lot :;( in said section 22 J ',. :t', &.1".., ' ft~ ~, . "\.;" ,'(K. Albers - 5530 1691L.K1\) .; ." .'"" . . .,! ":1 i ; , , , . , , ! '.i :\' ,', ,;, . ~). :l. ". ",I, ."', . ',' i ., , Thence Northeasterly, 618.67 feet along the arc 'of a curve concave to the southeast'to a point of rev:erse curve, sa~d'arc hav~ng a radius of' 9375.00 feet, a central angle ,of 3.46'52" and being subtended by a chord that beaxs H47016'04','E, 618.56 feet; , :,'.' Th~nce N~rtheaS~6rlY, 1058. 72 fee~ along the, ~r~ of s~id \ rev~rse ' :,: ',\ curve to a point-tangent,' said arc having a radius,of 1760.00 '1:e6t,' , a central' angle of 34027'58" and being'subtendect by a chord that bears' N31"55'31"E,,'104.2.83' feet; , ,', ,:" ",':, ' I I '...:_ Legal Oescription Page 5 september 10, 19$13 (~a,' , ~l.: '1. ' " .' . ',' " . :: ~ : ~ ,.' Thence Northeasterlyi 1322.91 feet along the arc of a curve concave, " to the southeast to the North line of Lot 2 in 'said ,Section 22, ,: sald arc' having a radius of, Q?7 5.00 feet, a central', angle' of ,,8005'06" and beil1g subtended by""a chord, that bears N36c.30'4.9I1E,' " 1321. 81 feet; , ' ' ," , ; " '(. . " Thence S8g006'501lE, 547.81 feet along the' Horth line ,; said section '22 ~p the Horthe~st cornerthareof,,', of Lot 2. in of Lot L in " .. I',' . ::. . ,Thence N01.00'05"H, 585.64 feel:. along r.he HQ,,~'line, , oo.id seotion 22; , .. ' ,', ,:, ',. ~.. I . .,:"- . Thence N14041'32"E, 751.76 feet to the North'line,of theSElj4.0f 'the SEll4 of section 15, 'J.'10S, RO 5W of the 6th P. M. ; " , " . ,1," ~. , Thence , of the , ' S09005'18"E, 12S.QO feet. along the North line of SElj4 of said section 15 to the Northeast corner the'SElf4 thereof; , ' Thence S02028'101lH, 1316.04 fee.t, along the East line of ,of said section 15, to the southeast Corner .thereof; , , . . . ' . the SElf 4. ~ : .' . . ., . . ,. Thence S87cS8',50"E, 1'351.68 feet along'the North'line , said' $ection23 to the TRUE POINT OF BEGINNING. of Lot i in ' , ,':: ,Area _ 2163.4. acres, more or less. :, .! Legal Description Prepared By: Richard G.'Settergren, l?LS #17664 Drexel Barrell & Company , .~ ,4.840 p~arL~East Circle 1114 , 'BOUlder, CoLorado 80301~2475 ': (303) 4.4:2-4338 " , ", ~"'. I, ~",.~"".' &A"",,' \i'. (K. Albers - 5530 1691L.KA), 1:; . " . ,", ,:'.1 '. . :.:..' ~ ;' <:~; 1:'1" ' . I:' .; u:; '. '.;,F" ; . i: . t ~ ',! " 'I, . I.' 'i: i;", '\ ' " .:~ " .:- ';.' : '! . ,;. . .,",." . '(.r1: ; . ;', ~ ' ~ ; , . ~ .!.' , '1', . :':. , ' : ; " ,l d, ; :'i.;' , , I ., ~ ;:;\:,:: " . .; H;:: ' : .;!:' " : '\ ' 1;. :. , , , .. ~ ! i . . .: ~L:' ; . ~ I; : 'n.:" ' I :.:! ' , ','\ ' : .r:,; :';\ ." '"'.,. . ~ : \ . , " , " '~~~~~~~:;~t~~;t~~tJ;~tg~lB~i;;0i~i~it~~~f~~!~t?~i*~'lJft ',-ii";" ':" ":;;,'l)J;i'k';f;\tMW/({,)ft~:';i;i~: .... ~,--- (Not to, scale) , z , '~'. ... ---- l t - .____-.1- - A -- " '''--"p -' ; A.SPE!:!:HI~'lVJ'f!A~" . l'AJlCEL.PBl.JNllAI1Of'l . . " ~ - -~ - ~ 6118.6 ~-~ ""....,.- 'BP""""-'J'itl$'iitA.~-'" .. ,.....-:.~ "1::.""1- rAltCELpaJNE.A:l1OH. - ,/u~~ ASPEN HiGHLANDS OWNER ", ASPEN ID' I.IMl1ED UAllIUlY co. ASPENIDI SXIINOCORP. BINES IDe ANDS I.IMl1ED PARTrlERSlll!' WHIl'I'LB ~ NESS JONES BINES ID< .ANDS I.IMl1ED PAR1:NERSllIl' BINES IDe .ANDS I.IMl1ED PAR1NERSHll' W A VFJJ.L' \RTNERs I.IMl1ED PAR'I1'lERSHll' BINES ID' .ANDS I.IMl1ED PARTNERSHIP BINES IDI .ANDS I.IMl1ED PARTNERSHIP -. '-". .. .-. .; ;..... ~:{, . --- ,;- _ _~si:;HlJ[)tstn COR()OH-J/mR -~'IC. IOOIC'MM7..I-f),t.C~~-t: ~S1'ffo/CS.ca~"tIO' ~ oaJJ ....,.,c;oU rrAX.)~~ 0:<>"""""- ~ ~ (.JlJJJ w-n"u ~1 J!l i i I I . t ! ; i I \ I , ! PARCEL A II C D E F G R I ---.. ,- , ' ~.." ,',' ..,.. """,~",,:~~~::;':~',~f~2~(;,:/g~::;~~~,;;;,;;:~~~~~~~~~~i~j;;<;?:ii;;;~i.';W~~~t:~~ik~~J~f&\~r~*~~1:~*~Wjt:.:+?tI$~fm~~~~~~!~;:fr.:1 I I I ! 1 , I I t j"o t'1AF;-?;2--;'.+95. WED 12: 51 ID: TEL NO: l:I190 F'07 Exl'iibit. B TA!LE 1 ON ITH "1iA~ ~OUNO CMn.. O~..K DlViR810N8 - """" "'" I!\UOIlI 11 .... 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