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HomeMy WebLinkAboutresolution.council.033-18 RESOLUTION # 33 (Series of 2018) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO, APPROVING AN AMENDMENT TO THE LONG-TERM STEWARDSHIP LEASE AGREEMENT FOR THE COZY POINT RANCH AND EQUESTRIAN CENTER BETWEEN THE CITY OF ASPEN AND COZY POINT RANCH LLC AND AUTHORIZING THE CITY MANAGER TO EXECUTE SAID AMENDMENT TO LEASE ON BEHALF OF THE CITY OF ASPEN, COLORADO. WHEREAS, there has been submitted to the City Council a proposed Amendment to the.Long-Term Stewardship Lease Agreement for the Cozy Point Ranch and Equestrian Center between the City of Aspen and Cozy Point Ranch LLC, a true and accurate copy of which is attached hereto as Exhibit "A"; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO, That the City Council of the City of Aspen hereby approves the Amendment to the Long-Term Stewardship Lease Agreement for the Cozy Point Ranch and Equestrian Center between the City of Aspen and Cozy Point Ranch LLC, a copy of which is annexed hereto and incorporated herein, and does hereby authorize the City Manager to execute said agreement on behalf of the City of Aspen. INTRODUCED, READ AND ADOPTED by the City Council of the City of Aspen on the 26`h day of February 2018. Steven Skad n, Mayor I, Linda Manning, 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, February 26, 2018. Linda Manning, City Cl k J ` LONG-TERM STEWARDSHIP LEASE AGREEMENT FOR THE COZY POINT RANCH EQUESTRIAN CENTER THIS LEASE AGREEMENT entered into at Aspen, Colorado, this day of 12018, by and between the CITY OF ASPEN, COLORADO, a municipal corporation ano home-rule city ("City"), and COZY POINT RANCH, LLC, a Colorado limited liability company("Tenant"). WITNESSETH: WHEREAS, the City is the owner of the Cozy Point Ranch in Pitkin County, Colorado, which property is described on the map attached hereto as Exhibit A (the "Premises"), and desires to lease to Tenant that portion of said Premises containing 45.3 acres described-as Fields 1, 2, 6, 7, 9, 10, 11, 12, 17, 18, and 19, and structures 2, 3,4, and 5 on Exhibit A as "Cozy Point Ranch Long-Term Equestrian Lease Area and Structures" on the terms and conditions set forth herein; and WHEREAS, Tenant has experience in equestrian center management and desires to lease the Premises from City on the terms and conditions set forth herein. NOW, THEREFORE, in consideration of the mutual terms, covenants and conditions contained herein, the parties agree as follows: 1. Term. The term of this Lease is ten (10) years. This Lease shall be effective at noon, Mountain time, on March 1, 2018, and shall terminate at noon, Mountain time, on March 1, 2028. 2. Time of Occupancy, Acceptance and Surrender of Premises. Tenant shall be entitled to manage, use and occupy the premises as set forth in Paragraph 3, below. Occupancy of the Premises by the Tenant shall be construed as recognition that the Premises are in their"as is" condition, but shall not be construed as a waiver by Tenant of any of the City's agreements to conduct certain repairs to the Premises. 3. Use. The premises to which this lease pertains are described as that portion of the City of Aspen's Cozy Point Ranch containing approximately 45.3 acres as described on the attached map (Exhibit A). Areas within the Property that which lay outside the designated equestrian center area are known as shared spaces. Tenants are allowed access to shared spaces. Any use of the shared space must be approved by other tenants and the City prior to use. Tenant may use the Premises solely for the purpose of managing and operating an equestrian center and providing related services to third parties. Tenant shall not use the premises described in the above paragraph for any other purposes without City's written consent. Tenant's use and occupancy of the above-described Premises shall comply with the rules, regulations and ordinances of any governmental authority having jurisdiction over the Premises or the activities performed thereon. Additionally, Tenant shall not use the Premises in any manner that will create an increase in the rate of insurance or a cancellation of any insurance policy. Tenant shall not keep, use or sell anything prohibited by any policy of fire insurance covering the Premises. In the event that any change in law takes place that, in Tenant's reasonable discretion, would make it materially more difficult or more expensive for the Tenant to use the Premises as provided for hereunder, then Tenant may, upon not less than sixty(60) days prior written notice to City, terminate this Agreement; for purposes of this Agreement, the term "change in law" shall include, without limitation: (a)any change to the Pitkin County Land Use Code; (b) any change to the zoning underlying the Premises; (c) any laws, condemnation proceedings, ordinances and/or regulations of any kind or nature adopted by the government of Pitkin County or the City (or any of their respective agencies); or(d) any court ruling of any kind by a court of competent jurisdiction, which would negatively impact the water rights appurtenant to the Premises, condemn all or any portion of the Premises, or otherwise negatively impact the Premises, or remove any portion of the premises from potentially productive ranch, agricultural or equestrian uses. The Permitted Uses shall include the right to have special events at the Premises such as weddings, birthday parties, conferences, seminars, and festivals, that may or may not be open to the public or restricted to private audiences ("Special Events"), provided such Special Events are conducted in accordance with this paragraph. The tenant must secure all necessary City of Aspen permits for any Special Event as defined in Municipal Code Chapter 14.20. The tenant must also secure the necessary permits for Special Events through Pitkin County. Tenant shall also meet all ZGreen requirements for all special events. The tenant shall be limited to no more than one (1)non-education and/or non-programmatic Special Event each calendar month. Lease requirements regarding these Special Uses may be amended annually or at the discretion of the City. The Tenant shall have the right to have smaller,private special events at the Premises, provided that the Tenant shall make commercially reasonable efforts to schedule all special events that require closure of the Premises outside of regular business hours. These events shall be limited to one(1) event per week. Permission for additional smaller,private events may be granted by the discretion of the Ranch Manager. The tenant must inform the Ranch Manager and other tenants of any smaller, non-educational special uses that do not meet the criteria for a Special Event application with at least 1 week's prior notice. a. Duty of Operation During the term of this Agreement the Tenant agrees to the following terms and conditions: i. Equestrian Center. Tenant shall operate a public equestrian boarding, exercising and training facility, accommodating both English and Western disciplines. General public office hours for the Tenant and Cozy Point Ranch staff will be 8:00 a.m. to 5:00 p.m., Monday through Friday, except for holidays. The equestrian facilities will be available for use by the boarders and the general public from 8:00 a.m. to 5:00 p.m., seven days per week, 52 weeks per year. Before and after-hours use may be arranged with Tenant by waiver and on an individual, case-by-case basis; however, Tenant shall not be obligated to provide any after-hours use, but such use shall not be arbitrarily limited. Boarders will be permitted twenty-four hour per day/seven days per week access to their horses for medical, health, or dietary purposes. Tenant reserves the right to restrict access to the indoor and outdoor arenas during special events, clinics, schools, or competitions. The facility shall be operated so as to accommodate without discrimination the exercising and training needs of the public, 2 both boarders and non-boarders of all ages, subject to equitable bam rules and fees. Tenant shall arrange to have instruction and training available in both Western and English disciplines and to accommodate without discrimination, instruction and training provided by outside trainers, not directly employed by Tenant, to both boarders and non-boarders subject to equitable barn rules and fees. The Tenant shall encourage the development of a riding school for children as well as promote various equestrian programs, clinics and competitions. The public shall not be arbitrarily or unnecessarily excluded from the use of, or access to, the exercise and training facilities during such clinics, schools or competitions. Tenant shall develop and utilize suitable horse board agreements, release agreements, sublease agreements, incident reports and other grievance procedures documentation, and any other documents necessary and appropriate to protect the City and Tenant, and to collect all horse board, rents, deposits, fees and other income derived from the operations of the ranch and the equestrian center. Tenant shall provide a copy of all such documents to the City for its approval before their use in the management of the property. The City's review of such documents shall be conducted within seven(7) working days and approval shall not be unreasonably withheld. ii. Haying and Grazing. The Tenant shall use fields indicated in Exhibit A for agricultural activities which support the equestrian center. Best management practices for agricultural production must be utilized to maintain soil health, production, and the longevity of agricultural activities. The planting of noxious weeds is prohibited (see Exhibit B for a list of noxious weeds). Tenant is responsible for maintaining livestock fencing, and preventing livestock from entering wildlife habitat areas. Collaboration with other lease holders on the property for grazing rotations must include a written agreement. No grazing practices shall persist if the values of the land set forth by the Cozy Point Ranch Management Plan, including but not limited to the aesthetic or historical values, are compromised, or the health and productivity of the land degrades. In the event of degradation, as confirmed by a third party, the grazed animals must be removed within an agreed upon time between the tenant and the Ranch Manager. iii. Machinery Use. The equestrian center operation has sole responsibility and use of city owned equipment listed in Exhibit C These responsibilities include day-to-day maintenance, scheduling, and managing temporary use by other tenants of the property. Any major repairs or replacements needed to maintain the quality and worth of this equipment shall be treated as a capital assets improvement and will go through the city processes for improvement. The use of equipment off-site for the purposes which directly benefit equestrian operations is allowed with approval from the City. iv. Residential Structures. Tenants shall use and maintain the residential units described in the above paragraph. These units shall house only ranch staff employees and their families. Tenants and their staff are responsible for maintaining a 20-foot envelope around the residential structures. Structure 2 shall be used and maintained as office space to be shared with the Ranch Manager. See the maintenance and management section of this contract for information on day to day maintenance and capital 3 improvements. b. Educational Opportunities. Tenant is encouraged to develop interpretive and educational outreach programs designed to embrace the community in areas not only relating to the equine experience,but opportunities for other entities to hold classes or create experiences for adults and children to learn the history of ranching in the valley and/or experience life on an operating ranch facility as it exists today. Guided hikes, summer camps, self-guided tours, etc., may be included in such efforts. Tenant must coordinate with all other tenants on property for use of shared spaces and or otherwise leased areas. Collaboration between leasing tenants is greatly encouraged. A report of such activities will be sent annually to the City of Aspen Parks and Open Space Director. C. Recreational Opportunities. Increased public involvement on Cozy Point Ranch is important to the City of Aspen. Tenant shall work with the City of Aspen Parks & Recreation Department and the Special Events Department to identify additional opportunities which may exist for developing recreational programming and events at the ranch. Horse-riding experiences for non-horse owners are encouraged. In addition, non- horse related activities at the facility will be considered for children and young adults such as sporting activities, competitions, fund-raising events, hiking„ etc. d. Manage and Maintenance. Tenant shall manage and maintain buildings, improvements, and equipment"as is" and to make commercially reasonable efforts to make improvements as funds are available. Management and maintenance of the equestrian facility shall include grass cutting and snow removal, routine maintenance of the barns, houses, arenas and fencing, refuse disposal, purchase of needed supplies; and other work reasonably required to maintain and operate the property. Capital improvements shall be planned in cooperation with the city. Definitions and explanations of repairs and maintenance verses improvements are below: i. Repair and Maintenance. Tenant shall, at its expense, be required to do all general maintenance of the property, including, but not limited to, trash and recycling removal, cleaning of ditches, painting, cleanup of storage areas, including snow storage areas, livestock watering and electrical utility maintenance and any other reasonable maintenance to keep the property in a visually-pleasing condition while maintaining a fully functional and safe working environment. This section includes normal day-to-day operations of a working ranch. Examples include, but are not limited to, field disking and seeding, fence repair and cross fencing, irrigation operations and repair, manure management, haying, minor building repairs and general land management. The parties hereto agree that Tenant's duties set forth in this subsection, and elsewhere in this Agreement, shall not require Tenant to repair or maintain any portion of the Premises, other than the designated pasture, fields or fencing, in a condition better than that which existed on the date of this Agreement or on the date an improvement is placed into service. Tenant shall make commercially reasonable efforts to improve the condition of the pastures, fields, and fencing and to cooperate with City to ensure that the irrigation systems do not deteriorate from their current condition. 4 Tenant also, at its sole expense, shall keep the premises, including roadway, outdoor walks and access ways, in a good, clean and safe condition and do all work and repair necessary to maintain the same and to keep it from deteriorating; provided, however, that the parties hereto agree that Tenant's duties set forth in the preceding sentence shall not require Tenant to repair or maintain any portion of the Premises in a condition better than that which existed on the date of this Agreement, or on the date that an improvement is placed into service. All areas used to board horses shall be maintained in a safe, sanitary, and clean condition to properly ensure the health and safety of all animals boarded on the premises. The standards of health, safety, and welfare for the animals shall be those that are best management practices in the business of animal husbandry and the operation of an agricultural center. Repairs and replacement of capital infrastructure shall be undertaken by the City as needed and will be effected through the City of Aspen Asset Management Plan Process or on an emergency basis if required to protect the City's assets and/or the Tenant's property and safety. This will be done solely upon City Council's appropriation of necessary funds. Capital infrastructure is defined as structures, roads, and features that create value and increase sustainability of a working ranch. ii. Repairs and Alterations by Tenant. Tenant, upon City's written consent, may, at its own expense, make reasonable and necessary alterations or improvements to the Premises. All alterations, additions and improvements shall be performed in a workmanlike manner, in accordance with all applicable building and safety codes, and shall not weaken or impair the structural strength or lessen the value of the Premises. Tenant shall work with City in creating, for each calendar year, a schedule of capital improvements, repairs and/or maintenance items that the Tenant may affect. No such capital improvements, repairs and/or maintenance shall be conducted without the City's prior written consent. All capital improvements, repairs and/or maintenance, including any funded solely by Tenant, of a permanent and fixed nature shall become the property of the City upon termination of this Agreement; provided, however, that any portable, modular, and/or temporary structures paid for by Tenant shall remain the property of Tenant; provided, however, that portable, modular, and/or temporary structures are identified in writing as such before they are constructed or placed into service. Tenant agrees that prior to any construction or installation of alterations, additions or improvements,Tenant shall post on the Premises in a conspicuous place a notice of non-liability for mechanic's lien as specified attC.R.S. Section 38-22-105 on behalf of the City and shall notify City of such posting and the exact location of same. Perfection of a mechanic's lien against the Premises as a result of Tenant's acts or omissions may be treated as a_material breach of this Agreement. Repairs and Alterations by City. City reserves the right, from time to time, at its own expense and'by its officials, employees and contractors, to make such alterations, renovations or repairs in and about the Premises. City shall provide reasonable notice to Tenant in advance of any intent to undertake alterations or repairs as authorized in 5 this paragraph and all work shall be performed at such times as mutually agreed to between the parties so as to eliminate or minimize any disruption of Tenant's business and protect the health and safety of the animals. iv. Capital Infrastructure Improvements. Capital infrastructure improvements, which are recognized as an important element ensures long-term viability of the ranch which, if improved, will enhance the value of the property, or substantially prolong its useful life. These improvements shall be accomplished through the City of Aspen Asset Management Plan Process. This process, which includes the recommendation, approval, and appropriation of funds for capital maintenance and improvements for facilities within the City of Aspen, will be the mechanism that the City of Aspen will follow to provide funding to the facility. Tenant shall be responsible to maintain a capital maintenance and improvement list which will be reviewed annually with City of Aspen staff. Staff will then prioritize specific items for inclusion in the Asset Management Plan Process contingent upon .available funding. e. Storage of Vehicles and Miscellaneous Items. Tenant shall allow only those vehicles and other miscellaneous items that are directly associated with facility operations to be stored on the property described in this lease agreement. The facility shall not be operated as a storage facility for any vehicles or other miscellaneous items that are not directly related to equestrian facility operations or agricultural operations unless otherwise permitted by the City Parks and Open Space Director. Storage of horse trailers at the facility is allowable, with respect to equestrian center rules and protocols. Storage of miscellaneous items shall be within the equestrian center designated area, condensed to smallest area possible, and as out of view of HWY-82 and the Brush Creek Community as possible, unless otherwise directed by the City. Storage of all miscellaneous items and vehicles shall not occur in areas of native vegetation, or within the designated riparian area. Tenant shall work with the City to designate an appropriate location for materials and vehicle storage during the master planning.process. 4. Payment. Tenant agrees to pay one half of net profit earned by the LLC. The City will have access to accounting information in order to determine payment as based on profit and loss budget. This information will be provided to the City on a quaterly basis. However, payment shall be calculated based on the fiscal year, with full payment due on March Is`. 5. Entry Permission. City shall be entitled to enter upon the Premises at all reasonable hours for the purpose of inspecting the same, preventing waste or loss,or enforcing any of City's rights hereunder. City shall contact the Tenant to notify of such inspection and will make arrangements to be accompanied by either the Ranger Manager or Tenant's representative. 6. Extent of Rights of Property. Tenant shall be responsible to ensure safe and open public access to the facilities of the property covered under this lease agreement. In the event of risk to safety and or health of the users, animals, or tenant, the Tenant reserves the right to designate policies and procedures for controlling access to the designated lease area. 6 7. Conservation Values and Stewardship Guidelines. Tenant shall maintain the facilities and property in concert with the Aspen Valley Land Trust Deed of Conservation Easement in Gross as described in the attached Exhibit D and the guidelines set forth by the 2017 Cozy Point Ranch Management Plan described in the attached Exhibit E. a. Master Plan Participation. Tenant shall participate in the planning, development and maintenance of a master plan involving the entire property to ensure the health and vitality of the land and the vitality of the organizational goals set forth by the tenants and landowner. b. Environmental Protection. Tenant shall comply with all environmental protection recommendations and guidelines as set forth by the Cozy Point Ranch Management Plan. Any and all activities and events on the ranch will address environmental considerations at every stage and will include environmental factors in every decision to purchase a product or contract a service, in accordance with the City's ZGreen event standards. Tenant will make efforts to minimize water and energy consumption, waste generation, and air pollution emissions. No magnesium chloride will be used in any area of Cozy Point Ranch properties. Additional requirements are the following: i. Energy Use and Greenhouse Gas Reduction Requirements. Cozy Point Ranch is a City of Aspen facility and as such the day-to- day activities and capital improvements must be actively working towards the City's goal of the reduction of Green House Gases(GHG). It is the Tenant's responsibility to identify, upgrade, install, operate and manage the property toward achieving this goal. Increase the use of highly fuel-efficient and low emissions-fuel engines and machinery in on-road and off-road vehicles used in the day to day operations of the facility, when new equipment is purchased as needed. ii. Wildlife and Wildlife Habitat Protection. It is Tenant's responsibility to manage solid waste according to City of Aspen ordinances. All solid waste that falls under the guidelines of the Aspen Municipal Code, Wildlife Protection Ordinance, Chapter 12.08 is required to be managed according to the guidelines of the ordinance. Tenant may choose a method of wildlife resistance that best suits the needs of the ranch and its operations. Wildlife-resistant refuse container are a fully enclosed container that can be constructed of pliable materials, but must be reinforced to deter access by wildlife. The container must employ a sturdy lid that has a latching mechanism preventing access to its contents by wildlife. Wildlife Resistant Containers must meet the standards of testing by the Living with Wildlife Foundation and approved by the Interagency Grizzly Bear Committee(IGBC) as bear resistant for 90 minutes or otherwise be approved by a City-designated official. (Ord. No. 27-2005, §1; Ord. No. 8-2008) Wildlife-resistant dumpster enclosure means an enclosed structure consisting of four(4) sides and a secure door or cover, which shall have a latching device of 7 sufficient design and strength to prevent access by wildlife. The enclosure shall not be larger than necessary to enclose the trash receptacles, shall not be attached to an historic structure, shall not be located in a public right-of-way and shall be located adjacent to the alley where an alley borders the property. An enclosure of less than one hundred twenty(120) square feet shall not require a building permit or Community Development review; however, plans for the dumpster are required to be reviewed and approved by a City Community Safety Officer or an Environmental Ranger prior to the commencement of construction. An enclosure of one hundred twenty(120) square feet or larger requires a building permit. Tenant is responsible for maintaining the integrity of wildlife fencing on property unless otherwise specified by the City Open Space Director. Use of wild habitat areas for events and or other uses not congruent with outdoor recreation must be approved by the City. Dumping or storing equipment in areas of designated wildlife habitat is prohibited unless otherwise directed by the City. iii. Riparian Area and Waterways Protection. Tenant is responsible to maintain the integrity of the designated riparian area indicated on Exhibit A as"Protected Riparian Area". This includes the maintenance of fencing and access points granted to lessee. Access point for livestock shall be protected and maintained by lease holder. Any degradation to the riparian habitat directly related to the tenant's actions will be the responsibility of the tenant to restore. Waste and Nutrient Management Requirements. It is Tenant's responsibility to manage solid waste per City of Aspen ordinances. The Tenant must provide recycling for its own operations and for the operations of any subleases. All recyclables and yard waste accumulated on any premises shall be placed in a container separate from garbage, or in a suitable manner such as cardboard broken down and placed on a shelf. Recyclable Materials means any materials that are designated by the City Manager in the "Recyclable Materials List" which may include, but are not limited to, newspaper, office paper, cardboard, glass containers, plastic containers, steel cans and aluminum cans. Yard Waste shall mean materials generated from the maintenance of the vegetation on a property that have been designated by the City Manager in the "Banned Yard Waste List" which may include, but are not limited to, grass clippings, leaves, weeds, holiday trees and other plant materials. The use of compost systems is recommended when possible. Onsite compost must take measures to protect water ways from runoff. 8. Monitoring and Reporting. To facilitate monitoring of all activities of the Property the Tenant shall submit annual report to the City of Aspen Director of Parks and Open Space for distribution to City officials and staff, including the Open Space Board. The annual report shall summarize activities, programs, and outcomes of operations on the ranch during the year. 8 Proposed changes and capital improvement needs for the following year or years shall also be included. The elements of this annual report are detailed below: a. Status Reports. The status reports include a narrative detailing the status of ranch land activities, and equestrian facility management, and business management updates. As well as a capital asset improvements proposal or update describing specific plans in each area moving forward. i. Agricultural Activities. The agriculture report will include specific information related to all agricultural activities proposed for the facility, including but not limited to haying operations, grazing operations, and manure management summaries. This report will also specify proposed improvements to the quality of the agricultural lands for review by the City of Aspen. ii. Educational and Recreational Activities. This report will summaries educational and recreational activities offered on the Property in the previous year. This information includes but is not limited to participation demographics and numbers, types of programs offered, and improvements made since the previous year. This report will also specify proposed improvements needed for success in the following years. iii. Financial Reporting. Tenant shall submit quarterly financial reports including income and expense statements to the City of Aspen Parks Department and maintain normal books of account on all operations for review upon request by City officials or staff. b. Complaints and Incident Reports. Any incidents of complaints and all issues requiring City action or decisions need to be submitted to the Director of Parks and Open Space. Further, City shall promptly notify Tenant of any complaints received by City regarding the operation of the facility. Tenant shall not discourage the reporting of complaints or issues directly to the City of Aspen which may arise from any source. c: Annual Performance Measures. Tenant shall be required to meet or exceed the following annual performance measures as outlined below: i. Customer Sunley. Through an annual survey of Tenant's clients, the City shall acquire customer service data to assess the level of satisfaction with Tenant's staff, including dispute resolution process, and the overall general condition of facilities and services provided at Cozy Point Ranch. The City and Tenant shall agree on a survey instrument to be used for this purpose. The survey shall solicit responses that can be graded on a scale of 0 to 10. A successful "level of satisfaction" shall include a total average score of seven (7) or better. ii. Veterinarian Review. Tenants will annually engage an equine veterinarian to provide a professional inspection and assessment of the horses and their facilities within Cozy Point Ranch, LLC designated areas. The City and the Tenant shall mutually agree on the selection of the veterinarian. The specialist will certify that the operations are meeting the standard of professionalism and safety as it relates 9 to the overall equine operations. The specialist will inspect and report on deficiencies and violations regarding the health, safety and welfare of the horses and boarding areas. Tenant shall act as project manager to remedy immediately any deficiencies that may be uncovered. For any and all items that require a significant capital investment, Tenant shall prepare a summary of improvements, costs, and completion schedule to present to the City to correct the deficiencies. If approved, funding will be effected through the City of Aspen Asset Management Plan Process at the discretion of City Council. iii. Third-Parry Specialist. The City shall annually engage an equine specialist to provide a professional inspection and assessment of the equine facilities at Cozy Point Ranch. The City and the Tenant shall mutually agree on the selection of the equine specialist. The specialist will certify that the operations are meeting the standard of professionalism and safety as it relates to the overall equine operations. The specialist will inspect and report on the footing, fencing, safety and any other items that may be deficient regarding the operations or general maintenance of the facility. Tenant shall act as project manager to remedy immediately any deficiencies that may be uncovered. For any and all items that require a significant capital investment, Tenant shall prepare a summary of improvements, costs, and completion schedule to present to the City to correct the deficiencies. If approved, funding will be effected through the City of Aspen Asset Management Plan Process at the discretion of City Council. iv. AVLT Annual/nventorv. The Aspen Valley Land Trust(AVLT) shall craft an annual inventory and action plan of sustainable agricultural practices and environmental stewardship actions, which the Tenant is.responsible for reviewing. AVLT shall certify that the environmental standards are being met and that Tenant is meeting the standards of good environmental stewardship on the property. Any deficiencies noted in AVLT's report shall be corrected by Tenant within a reasonable time. Non-compliance with any goals or objectives set forth herein shall place Tenant on probation effective immediately for one(1) year, during which time Tenant shall cure any and all deficiencies. The City, at its sole discretion, may terminate this lease with ninety (90) days' notice, if Tenant fails to cure any terms and conditions set forth herein and above within the one(I)year probation period. The City shall use objective standards, when available or possible, to determine Tenant's compliance; however, the City shall be the sole judge of Tenant's compliance with the performance standards set forth above. 9. Emergency Plans and Safety Procedures. In compliance with instructions from the Aspen Fire Protection District, Tenant shall create, submit and implement specific emergency plans to address the possibility of a fire or other emergency and shall post emergency evacuation plans and educate all employees and inform boarders of these procedures. Fire extinguishers and smoke detectors will be installed and kept in working order in compliance with Aspen Fire Protection District regulations, including in the residences on the property. In addition, an annual safety inspection and audit will be conducted by the Colorado Intergovernmental Risk Sharing Agency(CIRSA), and Tenant agrees to implement any and all recommendations for 10 improvements that may arise from such audit, including but not limited to electrical, mechanicals, and any other utilities. The City may contribute to these improvements, based upon their cost and size. If an inspection uncovers a significant capital expenditure that is needed, the City of Aspen and Tenant shall work together to incorporate these necessary improvements into the City of Aspen Asset Management Process. 10. Signage. The City of Aspen and Tenant shall work together to implement a specific signage plan at the facility that clearly and specifically identifies that the leased property is owned by the City of Aspen. This signage plan shall be designed to provide information to the public about general directions, hours of operations, emergency contact information, recreational opportunities, and other specific information about the facility and property as is deemed appropriate. Tenant shall not place any signs upon the Premises or upon the buildings except of such design and construction as may be permitted by City. It is understood by the parties that placement of an identification sign or signs is important and necessary to Tenant's business, and permission shall not be unreasonably withheld for the posting of a sign for Tenant's business provided that such sign complies with all applicable laws and regulations. Any sign permitted by City shall at all times comply with applicable ordinances, rules and regulations. 11. Permits. Tenant shall secure such permits as may be required by Pitkin County, if any, for uses of and activities on the ranch and equestrian center property and notify the City Manager and other organizations and agencies (e.g., Sheriff, Brush Creek Homeowners Association, Snowmass Village, etc.), where appropriate, in advance of all special events on, or uses of, the Premises. 12. Duties of the City Relative to the Equestrian Center. During the term of this Agreement the City agrees to the following: a. City shall grant to Tenant the right of quiet enjoyment of the Premises, and to permit Tenant to use the designated lease area for Tenant's sole use and occupancy, and to manage the Premises, and conduct Tenant's equestrian business on the Premises, in a commercially reasonable manner as may be determined by Tenant in Tenant's sole discretion for so long as Tenant shall abide by the terms of this Agreement. b. In the event that City decides to sell the Premises during the term of this Agreement, then Tenant shall have a right of first refusal to purchase the Premises. Tenant's right shall run for a period of thirty(30) days from the date that City presents to Tenant an executed contract to purchase the Premises. Tenant may exercise such right within such time period by providing City with a written notice stating that Tenant desires to purchase the Premises on the same terms as set forth in said contract. Tenant's failure to send such a notice within the thirty(30) day time period shall constitute a waiver of Tenant's right. 13. Utilities and Security System. All utilities (including electric, gas,trash, internet)with the exception of telephone shall be spilt 50/50 between the Tenant and the City. The electrical utility expenses for running the irrigation from the Cozy Point South Ditch and Rex and Smith Ditch shall be the responsibility of the City. 14. Personal Property. All personal property and trade fixtures placed on the Premises shall 11 be at Tenant's sole risk and City shall not be liable for damage to or loss of such personal property or trade fixtures arising from the acts or neglect of Tenant, its agents or employees. Any personal property or trade fixtures of Tenant or anyone claiming under Tenant, which shall remain on the Premises after the date upon which the Premises shall be surrendered, shall be deemed to have been abandoned and may be retained by City as its property or disposed of by City in such a manner as City sees fit. 15. Taxes. In the event any taxes are levied and assessed upon Tenant's leasehold interest in the Premises or upon the improvements, fixtures or personal property of the Tenant during the term of Tenant's occupancy of the Premises or arising therefrom, or upon the Icasehold or possessory interests as created through this lease, Tenant shall be solely responsible to satisfy and pay all such taxes in a timely fashion. Tenant shall not allow any liens for taxes or assessments to exist with respect to the Premises, except that Tenant may permit such taxes or assessment to remain unpaid while pursuing any good faith contest or appeal of same. 16. Indemnification. Tenant agrees to indemnify and hold harmless the City, its officers and employees, from and against all liability, claims, and demands, on account of injury, loss, or damage, including,without limitation, claims arising from bodily injury,personal injury, sickness, disease, death, property loss or damage, or any other similar loss, which arise out of or are in any manner connected with this Agreement, if such injury, loss, or damage is caused in whole or in part by, the omission, error, or negligence of the Tenant, any subcontractor of the Tenant, or which arises out of any workmen's compensation claim of any employee of the Tenant or of any employee of any subcontractor of the Tenant. 17. Public Liability Insurance. Tenant shall maintain such general liability insurance coverage for persons and animals under Tenant's care as shall be required by the City on all uses of and activities on the property and obtain signed Releases of Liability of both the City and the management entity from all boarders and all participants in all equestrian activities on the property, to be preserved for not less than three (3) years. Notwithstanding the foregoing, however, in the event that Tenant is unable to obtain and/or maintain insurance at a reasonable cost, then Tenant may, in its discretion, terminate this Agreement by providing City with not less than sixty(60) days prior written notice of termination. For purposes of this subsection, unreasonable cost shall mean either a 100% annual increase in the cost of premiums or a total cost of insurance premiums in excess of$10,000.00 in any single calendar year. Tenant agrees to furnish City with certificate(s) of insurance as proof that it has secured and paid for a policy of public liability insurance covering all public risks related to the leasing, use, occupancy, maintenance, operation or location of the Premises. The insurance shall be procured from a company authorized to do business in the State of Colorado and be satisfactory to City. The amount of this insurance, without co-insurance clauses, shall not be less than the maximum liability that can be imposed upon the City of Aspen under the laws of the State of Colorado found at C.R.S. 24-10-101et seg., as amended. At present, such amounts shall be as follows: $350,000.00 for any injury to one person in any single occurrence; $990,000.00 for any injury to two or more persons in any single occurrence. In no event shall such insurance amounts fall below those maximum liability limits as set forth at 12 C.R.S. 24-10-114, as amended. City shall notify Tenant of any changes in the above referenced amounts. 18. Termination Due to Fire or Similar Catastrophe. If, absent negligence or fault on the part of Tenant,the Premises shall be damaged by fire or other catastrophe so as to render said Premises wholly untenable, and if such damage is so great that a competent licensed architect in good standing in Pitkin County, Colorado, as selected by both the City and Tenant, within fourteen (14) days from the date of loss, shall certify in writing to the City and Tenant that the Premises, with reasonable diligence, cannot be made fit for occupancy within ninety(90) days from the happening of the occurrence of the damage, then Tenant may elect in writing(no later than ten (10) days from the date of the architect's certificate) to either continue this Agreement or terminate this Agreement. If Tenant elects to continue this Agreement, then Tenant and City shall meet and attempt to negotiate in good faith a reduction in rent so as to compensate Tenant for the damage caused to the Premises; in the event that such negotiations fail, then Tenant may terminate this Agreement by providing to City a written termination notice. In the event that the Premises were damaged absent negligence or fault on the part of Tenant, then Tenant shall be released from Tenant's obligations set forth herein to return the Premises to City in the same condition (ordinary wear and tear excepted) as existed on the date hereof for those portions of the Premises damaged by fire. If, however, the damage is not such as to prevent reoccupation and use of the Premises within ninety (90) days, then repairs thereto shall be undertaken by Tenant (to be offset against rents otherwise due to City) with all reasonable speed to restore the Premises to its former condition and the Agreement shall remain in effect. Tenant's duties and obligations to provide services as herein set forth shall be suspended during those time periods wherein the Premises are unfit for normal business activities due to fire or other catastrophe, and/or repair activities associated therewith. 19. City to be Named a Co-Insured or Additional Insurance. Tenant shall name City as co- insured or additional insured on all insurance policies and such policies shall include a provision that written notice of any non-renewal, cancellation or material change in a policy by the insurer shall be delivered to City thirty(30) days in advance of the effective date. 20. Condemnation. If during the term of this Agreement, or any renewal of it, the whole or part of the Premises, or such portion as will make the Premises unusable for the purpose leased, or the leasehold interest, be condemned by public authority, for public use, then this Agreement shall cease as of the date of the vesting of title in the Premises in such condemning authority, or when possession is given to such authority, whichever event occurs first. Tenant shall be entitled to that part of any condemnation award for the value of the unexpired term of this Agreement or for any other estate or interest in the Premises. 21. Assignment of Agreement. Tenant shall not assign, pledge, sublease or otherwise dispose of or encumber this Agreement, or the Premises, without the prior written consent of the City. Notwithstanding the foregoing, however, Tenant may sublease portions of the Premises to third parties, from time to time; no such sublet shall relieve Tenant of its obligations hereunder. Tenant shall notify City of all subleases for portions of the Premises. 22. Breach of Contract: a. Breach by Tenant: If Tenant shall fail to timely comply with any of the terms or 13 conditions of this Agreement, including, but not limited to, maintaining the premises used by animals in a safe, healthy and sanitary condition, or any notice given under it, or shall become insolvent, or shall have or attempt to make an assignment for the benefit of creditors, or if any of its property be attached and such attachment is not promptly released, or if an execution be issued against it, or, if a petition be filed by or against it, to have it adjudicated a bankrupt, or if a trustee or receiver shall be created or appointed to take charge of its assets, or if it shall abandon the Premises for a period of more than seventy-two (72) hours, then at any time afterwards City may treat such act or omission as a breach of this Agreement. In the event of any such breach, City shall send to Tenant a written notice stating the grounds of such breach. Tenant shall then have thirty(30) days within which to cure such breach. Failure to so cure any such breach shall constitute an "Event of Default"hereunder. This agreement recognizes the"doctrine of emblements"that gives tenant rights to an "away-going annual crop" that matures after the termination date. b. Breach by City: If City shall fail to timely comply with any of the terms or conditions of this Agreement, or in any way disturbs Tenant's quiet enjoyment of the Premises, then Tenant may treat such act or omission as a breach of this Agreement. In the event of any such breach, Tenant shall send to City a written notice stating the grounds of such breach. City shall then have thirty(30)days within which to cure such breach. Failure to so cure any such breach shall constitute an "Event of Default" hereunder. 23. Remedies: a. City's Remedy for Event of Default. Any Event of Default by Tenant shall be cause for termination of the Agreement by City in the manner set forth in this paragraph. City shall deliver to Tenant three (3) business days' prior written notice of its intention to terminate this Agreement. City shall have the right to declare this Agreement terminated upon the end of such three (3) business day period, and all rights powers and privileges of Tenant as provided through the Agreement shall cease, and Tenant shall immediately vacate the entire Premises. In addition to the above stated remedy, if in the reasonable opinion of the City, Tenant has failed to maintain the premises in a safe, healthy and sanitary condition which threatens the well being of any animals boarded on the premises following notice of such condition(s) by the City and failure to cure by Tenant in a reasonable period of time, City shall have the right to terminate this Agreement upon seventy-two (72)hours written notice as provided above; and, at its option, enter into the Premises and remove all persons and take and retain possession thereof either with or without process of law. The City shall retain the services of a qualified veterinarian to assist the City in determining the safety and well being of any animals boarded at the facilities. b. Tenant's Remedy for Event of Default. Any Event of Default by City shall be cause for Tenant's recourse to the remedies set forth in this paragraph. Tenant may elect to either terminate this Agreement or continue this Agreement if any Event of Default by the City shall occur. If Tenant desires to terminate this Agreement, then Tenant shall deliver to City three (3) business days' prior written notice of its intention to terminate this Agreement. Tenant shall have the right to declare this Agreement terminated upon the end of such three (3) business day period, and all obligations of Tenant as provided 14 through the Agreement shall cease. Furthermore, notwithstanding any such termination, Tenant may seek to recover in a court of law any lost profits or any other costs and/or expenses incurred by Tenant as a result of the City's breach of this Agreement. If Tenant desires to continue this Agreement, then Tenant may send to City a written notice indicating that Tenant intends to continue this,Agreement, but which notice shall also state any amounts of rent that Tenant intends to withhold for lost profits, or other costs, which Tenant may seek to recover in order to compensate Tenant for the damage caused to Tenant by City's breach of this Agreement. 24. Non-Waiver of Rights. Any failure by City or Tenant to so terminate this Agreement as herein provided after the breach, default or failure by Tenant or City, as the case may be, to adhere to the terms of the Agreement shall not be deemed or construed to be a waiver or continuing waiver by City or Tenant of any their respective rights to terminate the Agreement for any present or subsequent breach, default or failure. 25. Non-Discrimination. Tenant agrees to comply with all laws, ordinances, rules and regulations that may pertain or apply to the Premises and its use. In performing under the Agreement,job applicant, or any member of the public, because of race, color, creed, religion, ancestry, national origin, sex, age, marital status,physical handicap, affectional or sexual orientation, family responsibility or political affiliation, nor otherwise commit an unfair employment practice. 26. Independent Contractor Status. It is expressly acknowledged and understood by the parties that nothing contained in this Agreement shall result in, or be construed as establishing an employment relationship. To the extent that this Agreement may be construed as requiring Tenant to provide services to or on behalf of City, Tenant shall be, and shall perform as, an independent contractor who agrees to use his or her best efforts to provide the said services on behalf of the City. No agent, employee, or servant of Tenant shall be, or shall be deemed to be, the employee, agent or servant of the City. City is interested only in the results obtained under this Agreement. The manner and means of conducting the work are under the sole control of Tenant. None of the benefits provided by City to its employees including, but not limited to, worker's compensation insurance and unemployment insurance, are available from City to the employees, agents or servants of Tenant. Tenant shall be solely and entirely responsible for its acts and for the acts of Tenant's agents, employees, servants and subcontractors during the term of this Agreement. Tenant shall not be, or shall be deemed to be, the employee, agent or servant of the City. City is interested only in the results obtained under this Agreement. The manner and means of conducting the work are under the sole control of Tenant. None of the benefits provided by City to its employees including, but not limited to, worker's compensation insurance and unemployment insurance, are available from City to the employees, agents or servants of Tenant. Tenant shall indemnify City against all liability and loss in connection with, and shall assume full responsibility for, payment of all federal, state and local taxes or contributions imposed or required under unemployment insurance, social security and income tax law,with respect to Tenant and/or Tenant's employees engaged in the performance of the services agreed to herein. 27. Notice. Whenever this Agreement calls for or provides for notice and notice is not otherwise specified, the same shall be provided in writing and shall be served on the person(s)as designated by the parties below, either in person or by certified mail, postage prepaid and return 15 receipt requested. For City: Aspen City Manager 130 South Galena Street Aspen, Colorado 81611 For Tenant: Patricia K. Watson COZY POINT RANCH, LLC P.O. Box 2207 Basalt, CO 81621 The parties may change or add such designated person(s) or addresses as may be necessary from time to time in writing. 28. Binding Effect. All of the terms and conditions as contained in this Agreement shall inure to the benefit of and be binding upon the successors and assigns of the parties. 29. Controlling Law. This Agreement shall be enforced and interpreted in accordance with the laws of the State of Colorado. Any action brought to enforce or interpret this Agreement shall be brought in the District Court in and for Pitkin County, Colorado. In the event of litigation between the parties concerning this Agreement or matters arising therefrom, the prevailing party shall be awarded its costs and reasonable attorney's fees. 30. Entire Agreement. This instrument constitutes the entire agreement by the parties concerning the Premises and shall supplant and supersede any previous agreements between the parties pertinent to the Premises. Any prior or contemporaneous oral or written agreement that purports to vary from the terns as set forth herein shall be void and of no effect. 31. Amendments. Except as otherwise provided herein, this Agreement and all of its terms and conditions may not be amended or modified absent a written agreement duly executed by the parties. WHEREFORE, the parties, through their duly authorized representatives, have executed this Agreement upon the dates as set forth herein. [SIGNATURE PAGE FOLLOWS] 16 LESSOR: THE CITY FAS EN, COLORADO By: / Name: Stephen Barwick Title: City Manager ATTEST: Linda Manning, City Clerk LESSEE (Tenant): COZY POINT NCH C i By: Name:tPatti Watson Title: Manager ATTEST: 17