HomeMy WebLinkAboutSUP-07-08
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~OMMUNITY DEVELOPMENT
City of Wheat Ridge Municipal Building 7500 W. 29'h Ave. Wheat Ridge, CO 80033-8001 P: 303.235.2846 F: 303.235.2857
March 18,2008
Michael G. Pharo Associates, Inc.
2835 W. Oxford Avenue
Unit #6
Englewood, CO 80111
Dear Mr. Pharo:
This letter is in regard to your application for approval of a Special Use Permit to allow expansion of
a vehicle sales lot at 11001 W. 1-70 Frontage Road North.
The initial application was filed with the City Conununity Development Department on September
17,2007. A conunent letter was generated by city staff on October 11,2007. Since that time, there
has been no activity on your special use request.
Please be advised that since there has been no activity on your case for one hundred twenty days, the
case is considered closed. Subsequent action on the property will constitute a new application with
new fees required.
Another item of concern is the status of the property under Bear Land Holdings ownership located on
the east side ofParfet Street. On February 27,2006, the City of Wheat Ridge City Council approved
Case Numbers WZ-05-11 and MS-05-04. These approvals were for a Planned Conunercial
Development Final Development Plan and plat for property located at 4900 and 4990 Parfet Street.
The mylars have been signed and submitted to our office however they have never been recorded
pending completion of a development covenant for the installation of future public improvements. A
development covenant requires current and future owners to be responsible for the future construction
of public improvements but requires no financial guarantees. The alternative to document recording
is a revocation hearing for the FDP and plat.
Please contact me at your earlier convenience to discuss status of your land use request.
~.
Meredith Reckert, AICP
Senior Planner
c: Diana Blanche
Case No. SUP-07-08
www.d.wheatridge.co.us
tl Xcel EnergYSM
PUBLIC SERVICE COMPANY
Siting and Land Rights
550 15~ Street, Suite 700
Denver, Colorado 802024256
Telephone: 303.671.7799
Facsimile: 303.571.7877
October 12, 2007
City of Wheat Ridge
Community Development
7500 West 29th Avenue
Wheat Ridge, CO 80033
AUn: Meredith Reckert
Re: SUP-07-08 - Michael Pharo for Bear Land Holdings, LLC
Public Service Company of Colorado has no apparent conflict with Re: SUP-07-08-
Michael Pharo for Bear Land Holdings, LLC.
The developer should contact Public Service Company's Builder's Call Line at 1-800-
628-2121 regarding gas and electric service for this project.
As a safety precaution, Public Service Company of Colorado would like to remind the
developer to call the Utility Notification Center, at 1-800-922-1987, to have all utilities
located prior to any construction.
If you have any questions about this referral response, please contact me at (303) 571-
7735.
Thank you,
Kathryn Bauer
Contract Right of Way Processor
Siting and Land Rights
>
7500 West 29th Avenue
Wheat Ridge, Colorado 80033
303/235-2846 Fax: 303/235-2857
The City of
",heat Ridge
October II, t 007
Michael G. Pharo Associates, Inc.
2835 W. Oxford Avenue
Unit #6
Englewood, CO 80111
Dear Mr. Pharo:
This letter is in regard to your application for approval of a Special Use Permit to allow
expansion of a vehicle sales lot at 11 001 W. 1-70 Frontage Road North. I have reviewed your
submittal and have the following comments:
SHEET A-I
I. Add a vicinity map
2. Add a legal description (Lot I, Craig Chevrolet Subdivision)
3. Add a note regarding the existing zoning (C-l)
4. Add a note regarding intent of the Special Use Permit application. Include discussion
of the temporary trailer and anticipated removal date. Staff would recommend the
time period not exceed one year from the date of approval of the Special Use Permit
request.
5. Add a site data breakdown which addresses the existing and proposed conditions on
the site. It should include the following categories: building coverage broken down
into main building and temporary building, landscaped coverage, hard surfaced
paving for display and employee and customer parking and material coverage for
inventory storage. These categories should be detailed in both square footage of
coverage and percentage of total site.
6. The site conditions are not accurate as there were concrete pads poured for the display
of vehicles in the landscaped area adjacent to the north frontage road. Please show all
site improvements.
7. Identify the inventory storage area on the north end of the site.
8. Identify paving materials on the site.
9. Identity existing and proposed fencing.
10. Landscaped coverage on the property must be at least 10%. Please identify all
existing landscaped areas.
II. Add a case history box with the following case numbers: WZ-86-10, MS-86-3, SUP-
86-10, WV-98-02, TUP-06-01, SUP-07-08
I
SHEET A-2
I. Indentify the architectural materials to be used on the addition.
OTHER ITEMS OF CONCERN:
I. Written permission be provided from Xcel Energy to allow encroachment into their
easement prior to issuance of a building permit for relocation of the temporary
structure.
2. When the temporary trailer was relocated into its existing location, an existing island
containing mature landscaping was removed. A condition of approval of the
temporary use permit (Case No. TUP-06-01) was that the island with equivalently-
sized plant materials be replaced when the trailer is removed. Please provide
explanation of how the intent of this condition will be met with this new proposal.
2. On February 27,2006, the City of Wheat Ridge City Council approved Case
Numbers WZ-05-11 and MS-05-04. These approvals were for a Planned
Commercial Development Final Development Plan and plat for property
located at 4900 and 4990 Parfet Street.
The mylars have been signed and submitted to our office however they have never
been recorded pending completion of a development covenant for the installation of
future public improvements. Please be advised that no additional action will be taken
on this case until the development covenant is signed so that mylars can be recorded.
The alternative to document recording is a revocation hearing for the FDP and plat.
Attached are referrals received from other city departments and outside agencies regarding the
Special Use Permit submittal documents.
Public Works Department: See attached package from Dave Brossman dated October 4, 2007.
Valley Water District: See attached letter from Robert Arnold dated October 3, 2007.
Arvada Fire Protection District: See attached email response from Steve Steigleder dated
October 2, 2007.
There may be additional agency responses which have not yet been received. These will be
forwarded to you upon receipt. Any questions you have regarding referral comments should be
directed to the agency which generated said comment.
This concludes the summary of conunents. Please address each of these comments by revising
the drawings accordingly. For clarification on any of the issues identified by the City, please feel
free to contact any of the Development Review conunittee members:
Conununity Development
Meredith Reckert
303-235-2848
2
Public Works
Traffic Engineering
Dave Brossman
Steve Nguyen
303-235-2864
303-235-2862
Once the changes have been made, please submit five copies of revised plan sheets and three
copies ofthe technical documents plus original redmarks.
If you have any questions or need further clarification, do not hesitate to contact me at 303-235-
2848.
Sincerely,
Meredith Reckert, AICP
Senior Planner
3
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City of Wheat Ridge \ \
Department of Public Works
MEMORANDUM
TO:
Dave Brossman, Development Review Engineer
Steve Nguyen, Engineering Manager ;;.tJ
FROM:
DATE:
Thursday, October 04, 2007
SUBJECT:
SUP-07-08/Medved Autoplex Expansion,
11001 W. 1-70 Frontage Road North
I have reviewed the above site plan and have the following conunents:
.,
I. Based on the attached proposed plan and description, this could potentially generate new trips.
Thus, a trip generation study will be required for further traffic impact assessment.
2. A parking analysis is required to assess the current and the proposed expansion use. On-street
parking on Parfet Street is currently at peak usage. The Public Works Department wants to
ensure that the proposed expansion address the parking demand and adequate supply to
decrease the on-street parking activity.
1~/QJ/07 WED 14:51 FAX 303 424 0828
VALLEY WATER DIS
VALLEY WATER DISTRICT
12101 WEST 52ND AVENUE
WHEAT RIDGE, COLORADO 80033
TELEPHON~ 303-424-9661
FAX 303-424-0828
October 3, 2007
Meredith Reckert
City of Wheat Ridge
7500 W. 29~1 Avenue
Wheat Ridge, CO 80033
Dear Meredith:
In reference to Case #8UP-07-08 Michael Pharo forBear Land Holdings LLC at 11001
W. 1-70 Frontage Rd. N., Valley Water District has reviewed the inquiry and offers the
following comments:
L Valley Water District can provide water service to the proposed development
subject to Valley Water District rules and regulations.
2. Valley Water District is supplied water through a distributors contract with the
Denver Water Department and must follow Denver Water operating rules and
regulations. The District must also follow all Denver Water mandates with regard to
drought and conservation that may be imposed.
3. Additional water main lines, fire hydrants and fire sprinkler lines may be needed
to serve the property that meet Arvada Fire Protection District requirements which will
be at owner's expense.
4. Each separate building would require a separate water tap. Please contact the
District regarding domestic water service prior to construction.
5_ The owner will be required to provide a recorded plat of the project to the Valley
Water District.
6. The owner will need to determine if the current 1-1/2" water tap and service line
can meet water flow demands for both the current building and the expansion project or if
additional taps will be needed. Owner will be responsible for all costs of water taps and
service lines_
141 001
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10/~3/07 WED 14:52 FAX 303 424 0828
VALLEY WATER DIS
141002
7. If tap and water service is needed for the temporary prefabricated building, the
owner will be responsible for all costs for the tap and installation of the service lines.
If you have any questions, please feel free to contact myself or Kathy Kadnuck, Office
Manager at 303-424-9661.
Sincerely, 'H "'/
IU-tc/ ~.
Robert Arnold
District Manager
I
Meredith Reckert
From: Steve Steigleder [Steve.Steigleder@ArvadaFire.com]
Sent: Tuesday, October 02, 2007 7:25 AM
To: Meredith Reckert
Subject: SUP 07-08/Michael Pharo for Bear Land Holdings LLC
1. Fire protection is provided to this site by Station 2, 12195 W. 52nd Ave. and Station 1,
7900 W. 57TH Ave.
2. The proposed building appears to be close to the fire department connection for the
existing sprinkler system. A minimum of a three foot clearance from the fire dept.
connection will need to be maintained.
IFC 03 508.5.5.
3. The underground fire line for the sprinkler system appears to be close to the proposed
building. The developer will need to check with the Valley Water District to verify any
required easements or set backs from the fire line.
4. Access to the existing fire hydrant and fire department connection will need to be
maintained during construction.
5. The proposed building will need to be provided with sprinkler protection. This may be
provided from the existing sprinkler riser if the maximum allowable area is not exceeded.
6. The temporary relocation of the sales trailer does not appear to be a problem. Will the
sales trailer be removed from the site upon completion of the project?
7. Additional comments will be made at the time of plan submittal.
10/2/2007
Page 1 of I
Community Development
7500 West 29th Avenue
Wheat Ridge, Colorado 80033
303.235.2846 Fax: 303.235.2857
The City of
",heat Ridge
Community Development Referral Form
Date: September 27,2007
Response Due: October 12, 2007
The Wheat Ridge Community Development Department has received a request for approval of
a Special Use Permit to allow for expansion of an existing auto dealership to accommodate
pre-owned vehicles. The request will also allow for relocation of an existing pre-fabricated
building while the addition is under construction. No response from you will constitute having
no objections or concerns regarding this proposal.
Case No.: SUP-07-08/Michael Pharo for Bear Land Holdings, LLC
Request: Approval of a Special Use Permit in a C-1 zone district for property located at
11001 W. 1-70 Frontage Road North to allow for expansion of an existing auto dealership to
accommodate pre-owned vehicles. The addition will be 5236 s.f. in two stories. The request
will also allow for relocation of an existing pre-fabricated building while the addition is under
construction.
Please respond to this request in writing regarding your ability to serve the property. Please
specify any new infrastructure needed or improvements to existing infrastructure that will be
required. Include any easements that will be essential to serve the property as a result of this
development. Please detail the requirements for development in respect to your rules and
regulations. If you need further clarification, contact the case manager.
Case Manager: Meredith Reckert Voice: 303.235.2848 Fax: 303.235.2857
Email: mreckert@ci.wheatridge.co.us
DISTRIBUTION:
Water District (Valley)
Sanitation District (Clear Creek Valley)
Fire District (Arvada)
Xcel Energy
Wheat Ridge Building Department
Wheat Ridge Public Works
Wheat Ridge Police Department
"The Carnation City"
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Vicinity Map
"The Carnation City"
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JlIIe . ElEVATIONS
A-2
7500 West 29th Avenue
Wheat Ridge, Colorado 80033
303/ 235-2846 Fax: 303/235-2857
The City of
W"heat Ridge
Date:
August 28, 2007
City Staff Present:
Meredith Reckert
Location of meeting:
Second floor training room, Medved Autoplex, 11001 W. 1-70
Frontage Road North
Property address:
11001 W. 1-70 Frontage Road North
Property owner(s):
Bear Land Holdings, LLC
Property owner(s) present?
No
Applicant:
Michael Pharo (applicant's representative)
Diana Blanch (Medved Autoplex)
Existing Zoning:
C-l, Commercial-One
Comprehensive Plan Designation: Planned Business/Industrial Parks
Existing Use/site conditions: The property is zoned Commercial-One. An existing auto
dealership is located on the property.
Applicant's Proposal: The applicant is requesting a special use permit to allow the expansion of
the existing building to accommodate the pre-owned vehicle sales office which is currently located
in a temporary trailer on the premises. The trailer would be relocated on the property in an area
where there is currently an Xcel Energy easement.
The following issues were discussed regarding the proposed special use permit:
Will Xcel Energy allow the temporary trailer to be located in their easement? Xcel has indicated
that they have no problem but that the trailer must be located as close to the tower as possible due
to "sag" in the lines when it is hot.
How long will the trailer have to remain? The trailer will be removed once the construction on the
addition is completed.
What will be the impact on Parfet Street? The addition shouldn't impact the amount of traffic or
parking on Parfet Street.
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08/09/2007 11:17
3037833773
MICHAEL: PHARO
PAGE 01
Michael G. Pharo Associates, Inc.
2835 WC$t Oxrm:d Avt=oue, # 6
EnslC!Wood, Colorado 80110
Phone: 3031783.3772
FIl}{: 3l)~178J-3773
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CITY OF WHEAT RIDGE
08/10/07 10:10 AM cdb
Michael G. Pharo
RECEIPT NO:C024142 AMOUNT
FMSD ZONING MISCELLANEOUS 1.00
zomi
FMSD ZONING APPLICATION F 180.80
zone
PAYMENT RECEIVED AMOUNT
CK 3292 101.00
TOTAL 181.00
Michael G. Pharo Associates, Ine.
Notice of Neighborhood Meeting
Date of Meeting
Time of Meeting
Location of Meeting
August 28, 2007
6:00 p.m.
Medved of Colorado
11001 West 1-70 Frontage Road North
Chevrolet Dealership-2nd Floor Training Room
F~
Medved of Colorado is requesting approval of a Special Use Permit from the City of
Wheat Ridge. The purpose of the SUP is to construct a permanent addition to an existing
dealership structure and relocate, on a temporary basis, the pre-owned auto sales office.
The enclosed plan shows the location of these improvements.
The City of Wheat Ridge has adopted a requirement that prior to any application for a
SpeciaJ Use Permit, an applicant must notify al1 residents and property owners within 600
feet and invite them to a Neighborhood Input Meeting. The purpose ofthis meeting is to
al10w the applicant to present his proposal to the neighborhood and to give the neighbor-
hood a fOlUm to express their concerns, issues and desires. A Staff Planner will attend
the meeting to discuss City policies and regulations and the process involved, however,
the Planner will remain impartial regarding viability of the project.
Keep in mind that this is not a public hearing. Although a synopsis of the meeting will be
entered as testimony, it is the public hearing in front of the Planning Commission where
decisions are rendered. If you want input in the decision-making process, it is imperative
that you attend the public hearings.
The kinds of concerns residents normally have include the fol1owing:
. Is the proposal compatible with surrounding land uses and zoning?
. AIe there adequate utilities and services in place or proposed to serve the project?
. What is the impact on our streets?
. How will this proposal affect my property?
. Where will the storm drainage go?
. How will the project be designed to enhance rather than detract from the
neighborhood?
. What specific changes can be made in the proposal to make it more acceptable to me?
If you have any questions, please call the Planning Department at: (303) 235-2846. If
you are unable to attend the meeting, you may mail comments or concerns to:
City of Wheat Ridge
Planning Department
7500 West 29'b Avenue
Wheat Ridge, Colorado 80033
2835 West Oxfurd Ave., #6, Englewood, Colorado 80110 . phone: 303/783-3772 . fax: 303/783-3773 . e-mail: mplandplan@aol.com
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Wheat Ridge Community Development Department
PRE-APPLICATION MEETING SUMMARY
Meeting Date:
15 March 2007
Attending Applicant(s): Mike Pharo, Diana Blanch
Attending Staff: Meredith Reckert, Travis Crane
Address or Specific Site Location: 11001 W. I 70 Frontage Road North
Existing Zoning: C-1 (Commercial One)
ApplicanUOwner Preliminary Proposal: Would like to construct an approximate 2,300
square foot addition to the building. The addition would replace the temporary trailer
which was approved last year by the Board of Adjustment. The building addition would
match the existing building in form, materials and color.
Will a neighborhood meeting need to be held prior to application submittal? Yes
Planning comments: The property currently has C-1 zoning. An automobile dealership is
a special use in the C-1 zone district. Any expansion to an auto dealer would require a
special use permit. The temporary trailer can be moved; however there is a 30 foot
required setback from Parfet Street. If this minimum setback cannot be met, a variance
must be processed with the special use permit. The Code is very specific in that the
temporary building is allowed for a period of one year. There may not be any extensions
granted to allow the temporary trailer for a period of longer than one year. The temporary
trailer may not remain on site past November 2007.
It appears that the temporary trailer will be moved to a location which is occupied by an
Xcel Energy easement for the overhead power lines. Approval must be granted by Xcel
Energy to place the trailer within this easement.
Adequate parking must be provided for customers. The ongoing parking on Parfet Street
has been a point of contention for the neighborhood and staff. With the new building
addition, parking demand will increase and parking stalls will be displaced. A parking
analysis must be submitted with the special use permit application.
The special use permit process begins with the pre-application meeting. After this
meeting, a neighborhood meeting must occur. The neighborhood will be given an
opportunity to comment on the expansion. There is a $100 fee for this meeting. After this
meeting is held, a special use permit application (with all appurtenant documents) can be
submitted to the Community Development Department. After submittal, staff will refer the
proposal to all affected external agencies. These referral agencies will be given a period
of 15 working days to comment on the proposal. Any comments will be sent back to the
applicant, along with any staff comments.
After all issues have been addressed, a ten-day public notice period will occur, at which
time certified mailings are sent to adjacent owners and the property is posted with public
notice signs. During this ten-day period, neighbors or citizens may submit objections in
writing to the Community Development Department. If any relevant objections are
received, or if the proposed special use does not meet one of the special use criteria, the
request will be forwarded to City Council.
Public Works Comments: Not in attendance at the meeting. The Public Works
Department will review the special use permit request and subsequent building permit
application.
Other comments: Please see the attached transmittal sheet which details the required
information for the special use permit submittal. If you wish to proceed with the request,
the next step will be the neighborhood meeting. Please contact one of the planners to
start this process.
Contact information:
Meredith Reckert, Senior Planner - 303.235.2848 mreckert@cLwheatridqe.co.us
Travis Crane, Planner II - 303.235.2849 tcrane@cLwheatridqe.co.us
Contact the planners for questions regarding allowed uses, required parking and
required landscaping
David Brossman, Development Review Engineer - 303.235.2864
dbrossman@ci.wheatridqe.co.us
Contact the D.R.E. for questions regarding drainage, installation of public
improvements (curb, gutter and sidewalk), or right-of-way permits
City of Wheat Ridge
Pre-Application Transmittal Sheet
Date: 15 March 2007
Now that the required pre-application meeting has been held, the next step in the
process will be:
Submit land use application
o
Submit building permit
o
c>.<::l
Schedule a neighborhood meeting (a neighborhood meeting must be held prior
to submittal)
The following documents are required upon submittal of the special use permit
application:
c>.<::l Pre-application transmittal sheet c>.<::l Property deed
c>.<::l Land use application c>.<::l Letter of request
0 Building permit application 0 Property owner consent
0 Full set of civil drawings 0 Drainage report
0 Outline Development Plan 0 Traffic impact letter
0 Final Development Plan 0 Traffic study
0 Final Plat 0 Soils report
c>.<::l Site Plan 0 Grading/erosion control plan
0 Survey/I.L.C. showing existing buildings
c>.<::l Other: Parkinq analvsis
All of the listed items must be submitted to constitute a complete application. If any of
the items are not included in the submittal, the application will be returned without
reView1t;
City of Wheat Ridge Community Development Department
7500 W. 29'h Avenue Wheat Ridge, CO 80033
Building Division - 303.235.2855 Planning Division - 303.235.2846
Public Works - 303.235.2861 www.ci.wheatridae.co.us
..
PREPARED BY:
Sylvia D'Angelo
WHEN RECORDED RETURN TO:
Dealer Commercial Services
AZ-1125
201 N. Central Avenue, 8th Floor
Phoenix, AZ 85004
o CHASE
Deed Of Trust,
Assignment of Leases and Rents,
Security Agreement and Financing Statement
THIS DEED OF TRUST is dated as of November 21, 2004, among Bear Land Holdings, LLC, whose address is 11001 West 1-70
Frontage Road North, Wheat Ridge, CO 80033 (the "Trustor"), the Public Trustee of the Colorado County or City and County in
which the Premises are located (the "Trustee") and lPMorgan Chase Bank, N.A., whose address is 201 N. Central Avenue, 8th
Floor, Phoenix, AZ, 85004, and its successors and assigns (the "Beneficiary").
The Truslor irrevocably GRANTS, TRANSFERS, CONVEYS AND ASSIGNS to the Trustee, in trust, with power of sale,
for the benefit of the Beneficiary, all of the Trustor's right, title and interest, now owned or hereafter acquired, in the
"Premises." The Premises includes the following:
(]) The real property, and all the existing or subsequently affixed or erected buildings, structures and improvements on it,
described as:
Located in the City of Wheat Ridge, County of Jefferson, State of Colorado:
See Exhibit "A" Attached Hereto and Made a Part Hereoffor All Purposes Intended;
Commonly known as I 1001 & 11051 W 1-70 Frontage Road, North, Wheat Ridge, Colorado;
(2) All easements, rights-of-way, licenses, privileges and hereditaments appurtenant to or used in connection with the Premises;
(3) All land lying in the bed of any road, street, alley or the like, opened, proposed or vacated, public or private, or any strip or
gore, adjoining the Premises;
(4) Subject to the rights of the Beneficial)' under Section 11 below, all machinery, apparatus, equipment, fittings, fixtures and
articles of personal properly of every kind and nature whatsoever located now or in the future in or upon the Premises and used or
useable in connection with any present or future operation of the Premises (the "Equipment") that is permanently affixed or
becomes permanently affixed to the Premises. ;
(5) All mineral, coal, oil, gas and water rights, royalties, water courses, ditch rights, water and water stock, timber and timber
rights, if any;
(6) All insurance, condemnation and other awards or payments, including interest, made as a result of: (a) the exercise of the
right of eminent domain, (b) the alteration of the grade of any street, (c) any loss of or damage to any building or other
improvement on the Premises, (d) any other injury to or decrease in the value of the Premises, (e) any refund due on account of
the payment of real estate taxes, assessments or other charges levied against or imposed upon the Premises and (f) the reasonable
attorneys' fees, and court costs;
(7) Subject to the rights of the Beneficial)' under Section 9 below, all present and future (a) leases, subleases, licenses and other
agreements for the use and/or occupancy of the Premises, oral or written, including, without limitation, all extensions, renewals,
replacements and holdovers (collectively, the "Leases") and (b) rents, revenues, income, issues, royalties, profits, bonuses,
accounts, cash, security deposits, advance rents and other payments and/or benefits, of every kind or nature, derived from the
Leases and/or the Premises, including, without limitation, the Trustors right to enforce the Leases and to receive and collect all
payments and proceeds under the Leases (collectively, the "Rents");
(8) All rights to make divisions of the real estate comprising the Premises that are exempt from the platting requirements of all
applicable land division or platting acts, as amended from time to time; and
(9) All licenses, contracts, permits and agreements required or used in connection with the ownership, maintenance or operation
of the Premises.
The Trustor warrants that it is well and truly seized of good and marketable fee simple title to the real property comprising the
Premises and it is the lawful owner of the personal property comprising the Premises, except for liens for taxes and
assessments not yet due and payable, building and use restrictions of record, zoning ordinances, and any other encumbrances
disclosed to the Beneficiary in writing as of the date of this Deed of Trust ("Permitted Encumbrances"). The Trustor shall forever
warrant and defend the same unto the Beneficiary and its successors and assigns against all claims whatsoever, except for the
Permitted Encumbrances. If the Premises are encumbered by Pennitted Encumbrances, the Trustor shall perfonn all obligations
and make all payments as required by the Permitted Encumbrances. The Trustor shall provide the Beneficiary copies of all
writings pertaining to Permitted Encumbrances and the Beneficiary is authorized to request and receive that information from any
other person without the consent or knowledge of the Trustor.
This Deed of Trust secures the Liabilities.
The term "Liabilities" in this Deed of Trust means all obligations, indebtedness and liabilities of the Borrower and/or the
Trustor to anyone or more of the Beneficiary, JPMorgan Chase & Co., and any of their subsidiaries, affiliates or successors,
now existing or later arising, including, without limitation, all loans, advances, interest, costs, overdraft indebtedness, credit
card indebtedness, lease obligations, or obligations relating to any Rate Management Transaction, 'all monetary obligations
incurred or accrued during the pendency of any bankrupt~ insolvency, receivership or other similar proceedings, regardless
of whether allowed or allowable in sllch proceeding, and all renewals, extensions, modifications, consolidations or
substitutions of any of the foregoing, whether the Borrower and/or the Trustor may be liable jointly with others or
individually liable as a debtor, maker, co-maker, drawer, endorser, guarantor, surety or otherwise, and whether voluntarily or
involuntarily incurred, due or not due, absolute or contingent, direct or indirect, liquidated or unliquidated. The term
"Liabilities" includes, without limitation, the following:
(1) Thal certain Term Note, dated November 21,2004 in the original principal amount of Twenty Million Eight Hundred
Thousand and 00/]00 Dollars ($20,800,000.00), executed and delivered by Bear Land Holdings, LLC (the "Borrower") to the
Beneficiary; and
(2) The performance of all of the promises and agreements contained in the Deed of Trust.
This Deed of Trust shall not apply to any obligation or debt incurred for personal, household or family purposes unless the note or
guaranty evidencing such personal, household or family debt expressly states that it is secured by this Deed of Trust.
The term "Rate Management Transaction" in this Deed of Trust means any transaction, (including an agreement with respect
thereto) now existing or hereafter entered into by or among the Borrower and/or the Trustor, and the Beneficiary or jPMorgan
Chase & Co., or any of its subsidiaries or affiliates or their successors, which is a rate swap, basis swap, forward rate transaction,
commodity swap, commodity option, equity or equity index swap, equity or equity index option, bond option, interest rate option,
foreign exchange transaction, cap transaction, floor transaction, collar transaction, forward transaction, currency swap transaction,
cross-currency rate swap transaction, currency option or any other similar transaction (including any option with respect to any of
these transactions) or any combination thereof, whether linked to one or more interest rates, foreign currencies, commodity prices,
equity prices or other financial measures.
The term "Related Documents" in this Deed of Trust means all loan agreements, credit agreements, reimbursement
agreements, security agreements, mortgages, deeds of trust, pledge agreements, assignments, guaranties, or any other
instrument or document executed in connection with any of the Liabilities.
The Trustor promises and agrees as follows:
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1. Payment of Liabilities; Performance of Obligations. The Trustor shall promptly pay when due, whether by
acceleration or otherwise, the Liabilities for which the Trustor is liable, and shall promptly perform all obligations to which
the Trustor has agreed under the terms of this Deed of Trust and any ofthe other Related Documents.
2. Taxes and Liens. The Trustor shall pay, when due, before any interest, collection fees or penalties shall accrue, all taxes,
assessments, fines, impositions, and other charges which may become a lien prior to this Deed of Trust. Should the Trustor
fail to make those payments, the Beneficiary may at its option arid at the expense of the Trustor, pay the amounts due for the
account of the Trustor. Upon the request of the Beneficiary, the Trustor shall immediately furnish to the Beneficiary al1
notices of amounts due and receipts evidencing payment. The Trustor shall promptly notify the Beneficiary of any lien on all
or any part of the Premises and shall promptly discharge any unpermitted lien or encumbrance.
3. Change in Taxes. In the event of the passage of any law or regulation, state, federal or municipal, subsequent to the date
of this Deed of Trust, which changes or modifies the laws now in force governing the taxation of mortgages, deeds of trust or
debts secured by mortgages or deeds of trust, or the manner of collecting those taxes, the Liabilities shall become due and
payable immediately at the option of the Beneficiary.
4. Insurance. Until the Liabilities are fully paid, the Trustor shall keep the Premises and the present and future buildings
and other improvements on the Premises constantly insured for the benefit of the Beneficiary, at replacement cost for the full
insurable value, without any reduction based upon the Trustor's acts, against fire and such other hazards and risks customarily
covered by the standard form of extended coverage endorsement available in the state where the Premises is located,
including risks ofvalldalism and malicious mischief, and shall further provide flood insurance (if the Premises are situated in
an area designated as a flood risk area by the Director of the Federal Emergency Management Agency or as otherwise
required by the Flood Disaster Protection Act of 1973 and regulations issued under it), and such other appropriate insurance
as the Beneficiary may require from time to time. All insurance policies and renewals must be acceptable to the Beneficiary,
must provide for payment to the Beneficiary in the event of loss, regardless of any act or omission by the Trustor, must
require thirty (30) days notice to the Beneficiary in the event of nonrenewal or cancellation and must be delivered to the
Beneficiary within thirty (30) days prior to their respective effective dates. Should the Trustor fail to insure or fail- to pay the
premiums 011 any insurance or fail to deliver the policies or certificates or renewals to the Beneficiary, then the Beneficiary,
at its option, Illay have the insurance written or renewed, and may pay the premiums, for the account of the Trustor. In the
event of loss or damage, the proceeds of the insurance shall be paid to the Beneficiary alone. No loss or damage shall itself
reduce the Liabilities. The Beneficiary is authorized to adjust and compromise a loss without the consent of the Trustor, to
collect, receive and receipt for any proceeds in the name of tile Beneficiary and the Trustor and to endorse the Trustor's name
upon any check in payment of proceeds. The proceeds shall be applied first toward reimbursement of all costs and expenses
of the Beneficiary in collecting the proceeds and then the Beneficiary shall apply the proceeds, or any part of the proceeds, to
the repair or rebuilding of the Premises provided that the Trustor (a) is not then or at any time dming the course ofrestoration
of the Premises in default under this Deed of Trust and (b) has complied with all requirements for application oftbe proceeds
to restoration of the Premises as the Beneficiary, in its sole discretion may establish. The Trustor shaH also provide and
maintain comprehensive general liability insurance in such coverage amounts as the Beneficiary may request, with the
Beneficiary being named as an additional insured on such policies. Evidence of the renewal of such liability insurance shall
be delivered to the Beneficiary at the same time as evidence of the renewal of the property insurance required above must be
delivered to the Beneficiary. If the Trustor fails to provide such liability insurance, and/or the renewals thereof, or fails to pay
the premiums on such liability insurance when such premiums are due, then the Beneficiary may have such liability
insurance written or renewed, and may pay the premiums, for the account of the Trustor.
S. Reserves for Taxes and Insnnmce. Until the occurrence of any default in the payment or performance of any of the
Liabilities or the occurrence of a default under this Deed of Trust, the Trustor shall, if requested by the Beneficiary, pay to the
Beneficiary, at the time of and in addition to the scheduled installments of principal and/or interest due under the Liabilities, a
sum equalto (a) the amount estimated by the Beneficiary to be sufficient to enable the Beneficiary to pay, at least thirty (30)
days before they become due and payable, all taxes, assessments and other similar charges levied against the Premises, plus
(b) the amount of the annual premiums all any policies of insurance required to be carried by the Trustor, divided by (c) the
number of installments due each year ((a) and (b) are collectively referred to as the "Charges"). Upon notice at any time, the
Trustor will, within ten (10) days, deposit sllch additional sum as may be required for the payment of increased Charges.
These sums may be commingled with the general funds of the Beneficiary and no interest shall be payable on them, nor shall
these sums be deemed to be held in trust for the benefit ofthe Trustor. Notwithstanding payment of any sums by the Trustor
to the Beneficiary under the terms of this section, the Beneficiary shall have 110 obligation to pay any Charges. The obligation
of the Trustor to pay the Charges is not affected or modified by the arrangements set out in this section. Payment by the
3
Beneficiary on anyone or more occasions of all or any part of the Charges shall not be construed as obligating it to pay any
Charges on any other occasion. If the Beneficiary elects to pay any Charge, it shall not be required to do so at any time prior
to the date on which penalties, interest or collection fees begin to accrue. lfthe Beneficiary elects to pay any premium on any
policy of insurance required to be carried by the Trustor, it may do so at any time prior to the cancellation ofthe policy.
In the event of the sale of the Premises by power of sale, or of the foreclosure of this Deed of Trust as a mortgage, any of the
moneys then remaining on deposit with the Beneficiary or its agent shall be applied against the Liabilities prior to the
commencement of such sale or such foreclosure proceedings. Any default by the Trustor in the performance of the provisions of
this section shall constitute a default under this Deed of Trust.
6. Waste, Abandonment. The Trustor shall not abandon the Premises, commit or permit waste on the Premises, or do any
other act causing the Premises to become less valuable. The Trustor will keep the Premises in good order and repair and in
compliance in all material respects with any law, regulation, ordinance or contract affecting the Premises and, from time to
time, will make all needful and proper replacements so that all fixtures, improvements and Equipment will at all times be in
good condition, fit and proper for their respective purposes. Without limitation of the foregoing, nonpayment of the Charges
shall constitute waste. Should the Trustor fail to effect any necessary repairs, the Beneficiary may, at its option and at the
expense of the Trustor, make the repairs for the account of the Trustor. The Trustor shall use and maintain the Premises in
conformance with all applicable laws, ordinances and regulations. The Beneficiary and/or the Trustee, or their authorized
agents, shall have the right to enter upon and inspect the Premises at all reasonable times. The Trustor unconditionally agrees
to timely pay all fees with respect to inspections of the Premises.
7. Alterations, Removal. No building, structure, improvement, fixture, personal property or Equipment constituting any
part of the Premises shall be removed, demolished or substantially altered without the prior written consent of the
Beneficiary .
8; Payment of Other Obligations. The Trustor shall also pay all other obligations which may become liens or charges
against the Premises for any present or future repairs or improvements made on the Premises, or for any other goods,
services, or utilities furnished to the Premises and shall not permit any lien or charge of any kind securing the repayment of
borrowed funds (including the deferred purchase price for any property) to accrue and remain outstanding against the
Premises.
9. Assignmcnt of LCflses and Rents. As additional security for the Liabilities, the Trustor, by executing and delivering this
Deed of Trust, absolutely, unconditionally, irrevocably and immediately assigns, grants, conveys and sets over unto the
Beneficiary all of the Trustor's right, title and interest in and to all Leases and Rents. Copies of existing Leases and Lease
amendments have been delivered to the Beneficiary. The Trustor will provide copies of any future Leases and Lease
amendments to the Beneficiary.
Subject to the license granted to the Trustor below, the Beneficiary shall have the complete right and authority, at any time
from and after the occurrence of any default in the payment or performance of any of the Liabilities or the occurrence of any
default under this Deed of Trust, to collect and receive the Rents. For this purpose, the Beneficiary is hereby given and
granted the following rights, powers and authority: (a) the Beneficiary may send notices to any and all tenants of the
Premises advising them of this assignment and directing all the Rents to be paid directly to the Beneficiary or the
Beneficiary's agent; (b) the Beneficiary may (i) enter upon and take possession of the Premises, (ii) demand, collect and
receive from the tenants (or from any other persons liable therefor) all of the Rents, (iii) institute and carry on all legal
proceedings necessary for the protection of the Premises, including such proceedings as may be necessary to recover
possession of the Premises and collect the Rents, (iv) remove any tenant or other persons from the Premises, (v) enter upon
the Premises to maintain the Premises and keep the same in repair, and pay the costs thereof and of all services of all
employees, including their equipment, and of all continuing costs and expenses of maintaining the Premises in proper repair
and condition and (vi) pay all taxes, assessments and water utilities and the premiums on fire and other insurance effected by
the Beneficiary on the Premises; (c) the Beneficiary may do any and all things necessary or advisable to execute and comply
with all applicable laws, rules, orders, ordinances and requirements of all governmental agencies; (d) the Beneficiary may (i)
rent or lease the whole or any pal1 of the Premises for such term or terms and on such conditions as the Beneficiary may
deem appropriate, (ii) modify, terminate or accept the surrender of any Leases and/or (iii) waive, release, discharge or
compromise any Rents or any obligations of any of the tenants under any Leases; (e) the Beneficiary may make any payment,
including necessary costs, expenses and reasonable attorneys' fees and court costs, or perform any action, required of the
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Trustor under any Lease, without releasing the Trustor from the obligation to do so and without notice to or demand on the
Trustor; (f) the Beneficiary may engage such agent or agents as the Beneficiary may deem appropriate, either in the
Beneficiary's name or in the Trustor1s name, to rent and manage the Premises, including the collection and application of the
Rents; and (g) the Beneficiary may do all such other things and acts with respect to the Premises, the Leases and the Rents as
the Beneficiary may deem appropriate and may act exclusively and solely in the place and stead of the Trustor. The
Beneficiary has all of the powers of the Trustor for the purposes stated above. The Beneficiary shall not be required to do any
of the foregoing acts or things and the fact that the Beneficiary shall have performed one or more of the foregoing acts or
things shall not require the Beneficiary to do any other specific act or thing. The foregoing rights and remedies of the
Beneficiary are in addition to and not in limitation of the rights and remedies ofthe Trustee and/or the Beneficiary at law, in
equity, under this Deed of Trust or under any of the other Related Documents. The exercise by the Beneficiary of any of the
foregoing rights and remedies shall not constitute a cure or waiver of any default in the payment or performance of any of the
Liabilities or of any default under this Deed of Trust.
Any Rents received by the Beneficiary shall be applied against the Liabilities in such order or manner as the Beneficiary shall
elect in its sole discretion.
The Trustor hereby irrevocably authorizes and directs the tenants under the Leases to pay the Rents to the Beneficiary upon
written demand by the Beneficiary, without further consent of the Trustor. The tenants may rely upon any written statement
delivered by the Beneficiary to the tenants. Any such payment to the Beneficiary shall constitute payment to the Trustor
under the Leases. The provisions of this paragraph are intended solely for the benefit of the tenants and shall never inure to
the benefit of the Trustor or any person claiming through or under the Trustor, other than a tenant who has not received such
notice. This assignment is not contingent upon any notice or demand by the Beneficiary to the tenants.
This assignment shall not, prior to entry upon and taking possession of the Premises by the Beneficiary, be deemed to
constitute the Beneficiary a "mortgagee in possession", nor obligate the Beneficiary to: (a) appear in or defend any
proceedings relating to any ofthe Leases, the Rents or to the Premises; (b) take any action hereunder; (c) expend any money,
incur any expense or perform any obligation or liability under the Leases; or (d) assume any obligation for any deposits
delivered to the Trustor by any tenant and 110t delivered to the Beneficiary,
The Trustor consents to the appointment of a receiver for the Premises, without notice, if this is believed necessary or
desirable by the Beneficiary.
The Rents constitute cash collateral as defined under federal bankruptcy law.
This assignment shall continue to be operative during the exercise of any power of sale, during any foreclosure or other
proceeding taken to enforce this Deed of Trust and during any redemption period.
Until the occurrence of any default in the payment or performance of any of the Liabilities or the occurrence of a default
under this Deed of Trust, the Trustor shall have a license, subject to the other covenants of the Trustor set forth in this
assignment, to (a) remain in possession and control ofthe Premises, (b) operate and manage the Premises and (c) collect the
Rents; provided that the granting of such license shall not constitute the Beneficiary's consent to the use of cash collateral in
any bankruptcy proceedings, The foregoing license shall automatically and immediately terminate, without notice to the
Trustor, upon the occurrence of any defaull in the payment or performance of any of the Liabilities or upon the occurrence of
any default under this Deed of Trust. Thereafter, tbe Trustor shall promptly payor otherwise deliver to the Beneficiary all
Rents that the Trustor may receive, and the Trustor shall hold such Rents in trust for the benefit of the Beneficiary until so
paid or delivered to the Beneficiary.
The Trustor represents and covenants as follows:
(i) The Trustor will fulfill and perform its obligations under all the Leases and give the Beneficiary prompt
notice of any default in the performance of the terms and conditions of the Leases by either the Trustor or the tenant, together
with copies of nOlices sent or received by the Trustor in connection with any Lease;
(ii) Without the prior written conselit of the Beneficiary, the Trustor shall not in any way, except with regards
to automobile dealerships affiliated with Trustor and wholly-owned, directly or indirectly, by John Medved (a) enter into any
new Lease, (b) amend, modify, assign its interest under, cancel or terminate any Lease, (c) accept a surrender of any Lease,
5
(d) accept any payment of Rent under any Lease more than thirty (30) days in advance or (e) waive, release, discharge or
compromise any Rent or any of the tenant's obligations under any Lease, except that the Trustor may increase Lease rentals
without the Beneficiary's consent;
(iii)
and expense;
The Trustor will appear and defend or prosecute any action growing out of any Lease at the Trustor's cost
(iv) The Beneficiary may, but shall not be required to, make any payment including necessary costs, expenses
and reasonable attorneys' fees and court costs, or perform any action required of the Trustor under any Lease, without
releasing the Trustor from the obligation to do so and without notice to or demand on the Trustor. The Trustor will,
immediately upon demand, reimburse the Beneficiary for all such costs, expenses and fees, together with interest at the
highest rate permitted by any instrument evidencing any of the Liabilities, all of which shall be added to the Liabilities;
(v) The Trustor has not previously assigned any of its rights under any Lease. The Trustor has not accepted
Rent more than thirty (30) days in advance of accrual. There is no present default under any Lease by either the Trustor or
any tenant. All existing Leases are in full force and effect and unmodified. To the best of the Trustor's knowledge, no person
or entity is in possession of the Premises, except pursuant to a valid and fully executed Lease that has been assigned to the
Beneficiary pursuant to this assignment. The Trustor owns the Leases, is entitled to receive the Rents and has authority to
assign the Leases and the Rents to the Beneficiary as set forth in this assignment. The Trustor will enforce the tenant's
obligations under their respective Leases;
(vi)
Lease; and
The Beneficiary shall not be obligated by this assignment to perform or discharge-any obligation under any
(vii) The Trustor covenants not to execute any other assignment of the Leases or the Rents as security for any
debt without the prior written consent of the Beneficiary.
10. Assignment of Interest as Tenant or Purchase.... If tbe Trustor's interest in the Premises is that of a tenant or a
purchaser, the Trustor also grants, transfers, conveys and assigns to the Beneficiary andlor the Trustee, as additional security
for the Liabilities, all of the Trustor's right, title and interest in and to any Leases, land contracts or other agreements by
which the Trustor is leasing or purchasing all or any part of the Premises, including all modifications, renewals and
extensions, and all of the Trustor's right, title and interest in and to any purchase options contained in any such Leases or
other agreements. The Trustor agrees to pay each installment of rent, principal and interest required to be paid by it under any
such Lease, land contract or other agreement when each installment becomes due and payable, whether by acceleration or
otherwise. The Trustor further agrees to pay and perform all of its other obligations under any such Lease, land contract or
other agreement.
Hthe Trustor defaults in the payment of any installment of rent, principal or interest, or in the payment or performance of any
other obligation, under any such Lease, land contract or other agreement, the Beneficiary shall have the right, but not the
obligation, to pay the installment or installments and to payor perform the other obligations on behalf of and at the expense
of the Trustor. If the Beneficiary receives a written notice of the Trustor's default under any such Lease, land contract or other
agreement, the Beneficiary may rely on that notice as cause to take any action it deems necessary or reasonable to cure the
default, even if the Trustor questions or denies the existence or nature of the default.
11. Security Agreement. This Deed of Trust also constitutes a security agreement within the meaning of the Uniform
Commercial Code as is in effect fi'om time to time in the state in which the Premises is located (the "UCC"). In addition, to
the extent that any Equipment or other personal property, tangible or intangible, that is included within the definition ofthe
Premises, and all proceeds, products and supporting obligations of any of the foregoing (the "Collateral") is not real property
but is covered by the UCC, the Trustor grants to the Beneficiary a security interest in any such Collateral. Accordingly, the
Beneficiary and/or the Trustee shall each have all of the rights and remedies available to a secured party under the UCc.
Upon the occurrence of any default under this Deed ofTrl1st, the Beneficiary and the Trustee shall have, in addition to the
remedies provided by this Deed of Trust, the right to use any method of disposition of collateral authorized by the UCC with
respect to any portion of the Premises subject to the UCc. The Beneficiary and/or the Trustee shall have the right to require
the Trustor to assemble the Collateral and make it available to the Beneficiary and/or the Trustee at a place designated by tbe
Beneficiary andlor the Trustee which is reasonably convenient to both parties, the right to take possession of the Collateral
with or without demand and with or without process of law, and the right to sell and dispose of the Collateral and distribute
6
the proceeds according to law. Should a default occur, the Trustor will pay to the Beneficiary and/or the Trustee all costs
reasonably incurred by the Beneficiary and/or the Trustee for the purpose of enforcing its rights hereunder, to the extent not
prohibited by law, including, without limitation: costs of foreclosure; costs of obtaining money damages; and a reasonable
fee for the services of internal and outside attorneys employed or engaged by the Beneficiary and/or the Trustee for any
purpose related to this security agreement, including, without limitation, consultation, drafting documents, sending notices or
instituting, prosecuting or defending litigation or any proceeding. The Trustor agrees that upon default the Beneficiary and/or
the Trustee may dispose of any of the Collateral in its then present condition, that the Beneficiary and/or the Trustee has no
duty to repair or clean the Collateral prior to sale, and that the disposal of the Collateral in its present condition or without
repair or clean-up shall not affect the commercial reasonableness of such sale or disposition. The Beneficiary's and/or the
Trustee's compliance with any applicable state or federal law requirements in connection with the disposition of the
Collateral will not adversely affect the commercial reasonableness of any sale of the Collateral. In connection with the right
of the Beneficiary and/or the Trustee to take possession of the Collateral, the Beneficiary and/or the Trustee may, without
liability on the part of the Beneficiary and/or the Trustee, take possession of any other items of property in or on the
Collateral at the time of taking possession and hold them for the Trustor. If there is any statutory requirement for notice, that
requirement shall be met if the Beneficiary and/or the Trustee sends notice to the Trustor at least ten (10) days prior to the
date of the sale, disposition, or other event giving rise to the required notice. Upon the request of the Beneficiary and/or the
Trustee, the Trustor shall execute and file such financing statements and shaH take any other action requested by the
Beneficiary and/or the Trustee to perfect and continue as perfected the Beneficiary's and/or the Trustee's security interests in
the Equipment and other personal property included in the definition of the Premises. The Trustor shall pay (and shall
reimburse the Beneficiary and/or the Trustee for) all costs, including attorneys' fees and court costs, of the preparation and
filing of any financing statements and the taking of any such other actions. A carbon, photographic or other reproduction of
this Deed of Trust is sufficient as, and can be filed as, a financing statement. The Beneficiary and/or the Trustee is
irrevocably appointed the Trustor's attorney-in~fact to execute any financing statement on the Trustor's behalf covering the
Equipment and other personal property, tangible or intangible, that is included within the definition of Premises.
Additionally, if permitted by applicable law, the Trustor authorizes the Beneficiary and/or the Trustee to file one or more
financing statements related to the security interests created by this Deed of Trust and further authorizes the Beneficiary
and/or the Trustee, instead of tile Trustor, to sign such financing statements. The Trustor shall execute and deliver, or cause to
be executed and delivered, such other documents as the Beneficiary and/or the Trustee may from time to time request to
perfect or to further evidence the security interest created in the Collateral by this Deed of Trust. The Trustor further
represents and warrants to the Beneficiary that (a) its principal residence or chief executive office is at the address shown
above and (b) the Trustor's name as it appears in this Deed of Trust is identical to the name of the Trustor appearing in the
Trustor's organizational documents, as amended, including trust documents. The Trustor will not, without the Beneficiary's
prior written consent, change (a) the Trustor's name, (b) the Trustor's business organization, (c) the jurisdiction under which
the Trustor's business organization is formed or organized, or (d) the address of the Trustor's chief executive office or
principal residence or of any additional places of the Trustor's business.
12. Reimbursement of Advances. lfthe Trustor fails to perform any of its obligations under this Deed of Trust, or ifany
action or proceeding is commenced which materially affects the Trustee's or the Beneficiary's interest in the Premises
(including but not limited to a lien priority dispute, eminent domain, code enforcement, insolvency, bankruptcy or probate
proceedings), then the Beneficiary at its sole option may make appearances, disburse sums and take any action it deems
necessary to protect the Beneficiary's and/or the Trustee's interests (including but not limited to disbursement of reasonable
attorneys' fees and court costs and entry upon the Premises to make repairs). Any amounts disbursed shall become additional
Liabilities, shall be immediately due and payable upon notice from the Beneficiary to the Trustor, and shall bear interest at
the highest rate permitted under any of the instruments evidencing any of the Liabilities. The Beneficiary's rights under this
section shall be in addition to all other rights cll1d remedies ofthe Beneficiary and/or the Trustee under this Deed of Trust and
the other Related Docllments. Any action t(1ken by the Beneficiary under this section shall not be construed as curing any
default that gave rise to such action by the Beneficiary.
]3. Due on Tnlllsfer. I f all or any part of the Premises, except easements, rights-of-way, licenses, privileges and hereditaments
appurtenant to or used in connection with the Premises, or any interest in the Premises is transferred without the Beneficiary's
prior written consent, the Beneficiary may, at its sole option, declare the Liabilities to be immediately due and payable.
14. No Additional Lien. The Trustor covenants not to execute any mortgage, deed of trust, security agreement, assignment
of leases and rentals or other agreement granting a lien against the interest of the Trustor in the Premises without the prior
written consent of the Beneficiary, and then only when the document granting that lien expressly provides that it shall be
7
subject to the lien of this Deed of Trust for the full amount secured by this Deed of Trust and shall also be subject and
subordinate to all present and future leases affecting the Premises.
15. Eminent Domain. Notwithstanding any taking under the power of eminent domain, alteration of the grade of any road,
alley, or the like, or other injury or damage to or decrease in value of the Premises by any public or quasi-public authority or
corporation, the Trustor shall continue to pay the Liabilities in accordance with the terms of the Related Documents. By
executing this Deed of Trust, the Trustor assigns, transfers and conveys the entire proceeds of any award or payment and any
interest to the Beneficiary. The Trustor will notifY the Beneficiary of any action or proceeding related to any taking of all or
any part of the Premises, shall defend that action or proceeding in consultation with the Beneficiary and shall, if requested by
the Beneficiary, deliver to the Beneficiary all documents and instruments that may be required to allow the Beneficiary to
directly participate in or control such action or proceeding. The proceeds of any taking or grant in lieu of any taking shall be
applied first toward reimbursement of all costs and expenses of the Beneficiary in collecting the proceeds, including
reasonable attorneys' fees and court costs, and then toward payment of the Liabilities, whether or not then due or payable, or
the Beneficiary, at its option, may apply the proceeds, or any part, to the alteration, restoration or rebuilding of the Premises.
16. Environmental Provisions. As used herein: the term "Hazardous Substance" shall mean any substance, material, or
waste that is (a) included within the definitions of "hazardous substances," "hazardous materials," "hazardous waste," "toxic
substances," "toxic materials," "toxic waste," or words of similar import in any Environmental Law, (b) listed as hazardous
substances by the United States Department of Transportation or by the Environmental Protection Agency, or (c) petroleum,
petroleum~related, or a petroleum by~product, asbestos or asbestos-containing material, polychlorinated biphenyls,
flammable, explosive, radioactive, freon gas, radon, or a pesticide, herbicide, or any other agricultural chemical; and the term
"Environmental Law" shall mean any federal, state or local law, rule, regulation, decision, policy or guideline, pertaining to
Hazardous Substances, or protection of the environment, and all present and future amendments thereto. Except as disclosed
in writing by the Trustor to the Beneficiary, the Trustor represents and warrants to the Beneficiary that (i) neither the
Premises nor the Trustor are in violation of any Environmental Law applicable to the Premises, or are subject to any existing,
pending or threatened governmental investigation pertaining to the Premises, or are subject to any remedial obligation or lien
under or in connection with any Environmental Law, (ii) the Trustor has no actual knowledge or notice of the presence or
release of Hazardous Substances in, on or arollnd any part of the Premises or the soil, groundwater or soil vapor on or under
the Premises, or the migration of any Hazardous Substance, from or to any other property in the vicinity of the Premises; and
(iii) the Trustor's intended future use of the Premises will not result in the release of any Hazardous Substance in, on or
around any part of the Premises or in the soil, groundwater or soil vapor on or under the Premises, or the migration of any
Hazardous Substance from or to any other property in the vicinity of the Premises.
The Trustor shall neither use nor permit any third party to use, generate, manufacture, produce, store, or release, on, under or
about the Premises, or transfer to or from the Premises, any Hazardous Substance, except in compliance with all
Environmental Laws, and shall otherwise comply, at the Trustor's sole expense and responsibility, with all Envirollmental
Laws, provided that if any such occurrence shall nevertheless happen, the Trustor shall pr:omptly remedy such condition, at
its sole expense and responsibility. The Trustor shall not permit any environmental liens to be placed on any portion of the
P~el11ises. The Trustor shall promptly notify the Beneficiary in writing if(a) any of the representations and warranties herein
are no longer accurate, (b) there may be any Hazardous Substance in, on or around the Premises or the soil, groundwater or
soil vapor on or under the Premises, or (c) any violation of any Environmental Law on or affecting or otherwise in respect of
the Premises has occurred. The Beneficiary and its agents shall have the right, and are hereby authorized, at any reasonable
time to enter upon the Premises for the purposes of observing the Premises, taking and removing sailor groundwater
samples, and conducting tests and/or site assessments on the Premises, or taking such other actions as the Beneficiary deems
necessary or advisable to cleanup, remove, resolve, or minimize the impact of, or otherwise deal with, any Hazardous
Substances on or affecting the Premises following receipt of any notice frolll any person or entity asserting the existence or
possible existence of any Hazardous Substances pertaining to the Premises, that, if true, could jeopardize the Beneficiary's
security for the Liabilities. All reasonable costs and expenses paid or incurred by the Beneficiary in the exercise of any such
rights shall be secured hereby and shall be payable by the Trustor upon demand.
The Trustor shall indemnify and hold the Beneficiary harmless from, for and against any and all actions, causes of action,
claims, liabilities, damages (including foreseeable and unforeseeable consequential damages), losses, fines, penalties,
judgments, awards, settlements, and costs and expenses (including, without limitation, reasonable attorneys' fees, experts',
engineers' and consultants' fees, and costs and expenses of investigation, testing, remediation and dispute resolution)
(collectively referred to as "Environmental Costs") that directly or indirectly arise out of or relate in any way to: (a) Any
investigation, cleanup, removal, remediation, or restoration work of site conditions of the Premises relating to Hazardous
8
Substances; (b) Any resulting damages, harm, or injuries to the person or property of any third parties or to any natural
resources involving Hazardous Substances relating to the Premises; (c) Any actual or alleged past or present disposal,
generation, manufacture, presence, processing, production, release, storage, transportation, treatment, or use of any
Hazardous Substance on, under, or about the Premises; (d) Any actual or alleged past or present violation of any
Environmental Law relating to the Premises; (e) Any lien on any part of the Premises under any Environmental Law; or (t)
Breach of any representation or warranty by or covenant ofthe Trustor herein. Notwithstanding anything contained herein to
the contrary, the foregoing indemnity shall not apply to (i) matters resulting from the gross negligence or willful misconduct
of the Beneficiary, or (ii) matters resulting solely from the actions of the Beneficiary taken after the Beneficiary has taken
title to, or exclusive possession of the Premises, provided that, in both cases, such matters shall not arise from or be
accumulated with any condition of the Premises, which condition was not caused by the Beneficiary. The for'egoing
indemnity is expressly intended to include, and does include, any Environmental Costs arising as a result of any strict
liability imposed or threatened to be imposed on the Beneficiary in connection with any of the indemnified matters
described in this Section or arising as a result of the negligence of the Beneficiary in connection with such matters.
This indemnity shall continue in full force and effect and shall survive the payment and performance of the Liabilities, the
release of record ofthe lien, or any foreclosure (or action in lieu thereot), of this Mortgage, the exercise by the Beneficiary of
any other remedy under this Mortgage or any other document or instrument evidencing or securing the Liabilities, and any
suit, proceeding or judgment against the Trustor by the Beneficiary hereon.
17. Events of Default; Remedies. Ifany of the Liabilities are not paid at maturity, whether by acceleration or otherwise, or
if a default occurs by anyone under the terms of this Deed of Trust, or any Related Documents, then the Beneficiary and/or
the Trustee may exercise all of the rights, powers and remedies expressly or impliedly conferred on or reserved to them under
this Deed of Trust or any other Related Document, or now or later existing at law or in equity, including without limitation
the following: (i) the Beneficiary may declare the Liabilities to be immediately due, (ii) the Beneficiary and/or the Trustee
may proceed at law or in equity to collect the Liabilities, sell the Premises by power of sale, foreclose this Deed of Trust as a
mortgage or otherwise pursue any of their rights or remedies available at law, in equity, pursuant to this Deed of Trustor
pursuant to any of the other Related Docllments and (iii) the Beneficiary and/or the Trustee may exercise any of their rights,
powers or remedies pursuant to the UCc.
The Beneficiary shall be entitled as a matter of absolute right to the appointment of a receiver for the Premises on ex parte
application to any court of competent jurisdiction. The Trustor waives any right to any hearing or notice of hearing prior to
the appointment of a receiver. It is the Trustor's express intention and agreement pursuant to the provisions of Colorado
Revised Statures S 38~38-602(3) that the Beneficiary shall have the absolute right and be absolutely entitled to the
appointment of a receiver as provided herein.
The Beneficiary may foreclose this Deed of Trust, insofar as it encumbers the Premises, either by judicial action or through
the Trustee. Foreclosure through the Trustee will be initiated by the Beneficiary's filing of its notice of election and demand
for sale with the Trustee. Upon the filing of such notice of election and demand for sale, the Trustee shall promptly comply
with all notice and other requirements of the laws of Colorado then in force with respect to such sales, and shall give four
weeks public notice of the time and place of such sale by advertisement weekly in some newspaper of general circulation
then published in the County or City and County in which the Premises is located. Any sale conducted by the Trustee
pursuant to this section shall be held at the front door of tile county courthouse for such County or City and County, or on the
Premises, or at such other place as similar sales are then customarily held in such County or City and County, provided that
the actual place of sale shall be specified in the notice of sale. The proceeds of any sale under this section shall be applied
first to the fees and expenses of the officer conducting the sale, and then to the reduction or discharge of the Liabilities in
such order as the Beneficiary may elect; any surplus remaining shall be paid over to the Trustor to such other Person or
Persons as may be lawfully entitled to such surplus. At the conclusion of any foreclosure sale, the officer conducting the sale
shall execute and deliver to the purchaser at the sale a certificate of purchase, which shall describe the Premises sold to such
purchaser and shall state that upon the expiration of the applicable periods for redemption, the holder of such certificate will
be entitled to a deed to the Premises described in the certificate. After the expiration of all applicable periods of redemption,
unless the Premises sold has been redeemed by the Trustor, the officer who conducted such sale shall, upon request, execute
and deliver an appropriate deed to the holder of the certificate of purchase or the last certificate of redemption, as the case
may be, and sllch deed shall operate to divest the Trustor and all Persons claiming under the Premises described in the deed.
Nothing in this section dealing with foreclosure procedures or specifying particular actions to be taken by the Beneficiary or
by the Trustee or allY similar officer shall be deemed to contradict or add to the requirements and procedures now or hereafter
specified by Colorado law, and any such inconsistency shall be resolved in favor of Colorado law applicable at the time of
foreclosure.
9
Without limitation, the receiver shall have the power to protect and preserve the Premises, operate the Premises prior to and
during any foreclosure proceedings, to collect the Rents and apply the proceeds, over and above the costs of the receivership,
to the Liabilities. The receiver shall serve without bond, if permitted by law.
The Premises may be sold in one parcel as an entirety or in such parcels, manner and order as the Beneficiary and/or the
Trustee may elect. The proceeds of any sale of the Premises, whether by power of sale or foreclosure, shall be retained by the
Beneficiary, up to the amount due on the Liabilities, including costs of sale and any environmental remediation or other costs
and expenses incurred by the Beneficiary and/or the Trustee in connection with the Liabilities and/or the Premises, including
without limitation, attorneys' fees and court costs. By executing this Deed of Trust, the Trustor waives, in the event of a sale
of the Premises by power of sale, a foreclosure of this Deed of Trust as a mortgage or the enforcement by the Beneficiary
and/or the Trustee of allY other rights and remedies in this Deed of Trust, any right otherwise available in respect to
marshalling of assets which secure the Liabilities or to require the Beneficiary or the Trustee to pursue their remedies against
any other such assets. The Trustor waives all errors and imperfections in any proceedings instituted by the Beneficiary and/or
the Trustee to enforce any oftheir rights and remedies. The exercise of anyone right or remedy by the Beneficiary and/or the
Trustee under this Deed of Trust or any of the other Related Documents shall not impair or waive the Beneficiary's and/or the
Trustee's right to exercise any other rights or remedies available to either ofthem at law, in equity, under this Deed of Trust
or under any of the other Related Documents, all such rights and remedies being cumulative. All fees, costs and expenses
incurred by the Beneficiary and/or the Trustee in pursuing or enforcing their rights and remedies at law, in equity, under this
Deed of Trust or under any of the other Related Documents, whether or not a lawsuit or legal action is filed, including
attorneys' and paralegals' fees, shall be payable by the Trustor to the Beneficiary on demand and shall be secured by this
Deed of Trust.
18. Pledge. If the Trustor is not liable for all or any part of tile Liabilities, then the Trustor agrees that
J. lfany moneys become available from any source other than the Premises that the Beneficiary can apply to the Liabilities,
the Beneficiary may apply them in any manner it chooses, including but not limited to applying them against obligations,
indebtedness or liabilities Which are not secured by this Deed of Trust.
2. The Beneficial)' may take any action against the Borrower, the Premises or any other collateral for the Liabilities, or any
other person liable for any of the LiabilIties.
3. The Beneficial)' may release the Borrower or anyone else from the Liabilities, either in whole or in part, or release the
Premises in whole or in part or any other collateral for the Liabilities, and need not perfect a security interest in the
Premises or any other collateral for the Liabilities.
4. The Beneficiary does not have to exercise any rights that it has against the Borrower or anyone else, or make any effort
to realize on the Premises or any other collateral for the Liabilities, or exercise any right of setoff.
5. Without notice or demand and without affecting the Trustor's obligations hereunder, from time to time, the Beneficiary is
authorized to: (a) renew, modify, compromise, extend, accelerate or otherwise change the time for payment of, or
otherwise change the terms of the Liabilities or any part thereof, including increasing or decreasing the rate of interest
thereon; (b) release, substitute or add anyone or more sureties, endorsers, or guarantors; (c) take and hold other collateral
for the payment of the Liabilities, and enforce, exchange, substitute, subordinate, waive or release any such collateral; (d)
proceed against the Premises or any other collateral for the Liabilities and direct the order or manner of sale as the
Beneficiary in its discretion may determine; and (e) apply any and all payments received by the Beneficiary in
connection with the Liabilities, or recoveries from the Premises or any other collateral for the Liabilities, in such order or
manner as the Beneficiary in its discretion may determine.
6. The Trustor's obligations hereunder shall 110t be released, diminished or affected by (a) any act or omission of the
Beneficiary, (b) the voluntary or involuntary liquid~tion, sale or other disposition of all or substantially all of the assets
of the Borrower, or any receivership, insolvency, bankruptcy, reorganization, or other similar proceedings affecting the
Borrower or any of its assets, (c) any change in the composition or structure of the Borrower, including a merger or
consolidation with any other person or entity, or (d) any payments made upon the Liabilities.
7. The Trustor expressly consents to any impairment of any other collateral for the Liabilities, including, but not limited to,
failure to perfect a security interest and release of any other collateral for the Liabilities and any such impairment or
release shall 110t affect the Trustor's obligations hereunder.
8. The Trustor waives and agrees not to enforce any rights of subrogation} contribution or indemnification that it may have
against the Borrower, any person liable on the Liabilities, or the Premises, until the Borrower and the Trustor have fully
performed all their obligations to the Beneficiary, even if those obligations are not covered by this Deed of Trust.
10
9. The Trustor waives (a) to the extent permitted by law, all rights and benefits under any laws or statutes regarding
sureties, as may be amended, (b) any right the Trustor may have to receive notice of the following matters before the
Beneficiary enforces any of its rights: (i) the Beneficiary's acceptance of this Deed of Trust, (ii) any credit that the
Beneficiary extends to the Borrower, (iii) the Borrower's default, (iv) any demand, diligence, presentment, dishonor and
protest, or (v) any action that the Beneficiary takes regarding the Borrower, anyone else, any other collateral for the
Liabilities, or any of the Liabilities, which it might be entitled to by law or under any other agreement, (c) any right it
may have to require the Beneficiary to proceed against the Borrower, any other obligor or guarantor ofthe Liabilities, the
Premises or any other collateral for the Liabilities, or pursue any remedy in the Beneficiary's power to pursue, (d) any
defense based on any claim that the Trustor's obligations exceed or are more burdensome than those of the Borrower, (e)
the benefit of any statute of limitations affecting the Trustor's obligations hereunder or the enforcement hereof, (f) any
defense arising by reason of any disability or other defense of the Borrower or by reason of the cessation from any cause
whatsoever (other than payment in full) ofthe obligation of the Borrower for the Liabilities, and (g) any defense based
on or arising out of any defense that the Borrower may have to the payment or performance of the Liabilities or any
portion thereof. The Beneficiary may waive or delay enforcing any of its rights without losing them. Any waiver affects
only the specific terms and time period stated in the waiver.
10. The Trustor agrees that to the extent any payment is received by the Beneficiary in connection with the Liabilities, and
all or any part of such payment is subsequently invalidated, declared to be fraudulent or preferential, set aside or required
to be repaid by the Beneficiary or paid over to a trustee, receiver or any other entity, whether under any bankruptcy act or
otherwise (any such payment is hereinafter referred to as a "Preferential Payment"), then this Deed of Trust shall
continue to be effective or shall be reinstated, as the case may be, and whether or not the Beneficiary is in possession of
this Deed of Trust, and, to the extent of such payment or repayment by the Beneficiary, the Liabilities or part thereof
intended to be satisfied by such Preferential Payment shall be revived and continued in full force and effect as if said
Preferential Payment had not been made. If this Deed of Trust must be reinstated, the Trustor agrees to execute and
deliver to the Beneficiary any new deeds of trust and agreements, if necessary or if requested by the Beneficiary, in form
and substance acceptable to the Beneficiary, covering the Premises.
11. Any rights of the Trustor, whether now existing or hereafter arising, to receive payment on account of any indebtedness
(including interest) owed to the Trustor by the Borrower, or to withdraw capital invested by the Trustor in the Borrower,
or to receive distributions from the Borrower, shall at all times be subordinate to the full and prior repayment to the
Beneficiary of the Liabilities. The Trustor shall not be entitled to enforce or receive payment of any sums hereby
subordinated until the Liabilities have been paid in full and any such sums received in violation of this Deed of Trust
shall be received by the Trustor in trust for the Beneficiary. The Trustor agrees to fully cooperate with the Beneficiary
and not to delay, impede or otherwise interfere with the efforts of the Beneficiary to secure payment from the assets
which secure the Liabilities including actions, proceedings, motions, orders, agreementlS or other matters relating to relief
from automatic stay, abandonment of property, use of cash collateral and sale of the Beneficiary's collateral free and
clear of all Ii ells. The foregoing notwithstanding, until the occurrence of any default, the Trustor is not prohibited from
receiving distributions from the Borrower in an amount equal to any income tax liability imposed on the Trustor
attributable to the Trustor's ownership interest in the Borrower, if any.
19. Representrltiolls by the Trustor. Each Trustor represents that: (3) it owns the Premises in fee title subject only to the
Permitted Encumbrances; (b) the execution and delivery of this Deed of Trust and the performance of the obligations it
imposes do 110t violate any law, conflict with any agreement by which it is bound or require the consent or approval of any
governmental authority or any third party; (c) this Deed of Trust is a valid and binding agreement enforceable according to its
terms; (d) any balance sheets, profit and loss statements, and other financial statements furnished to the Beneficiary in
connection with the Liabilities are accurate and fairly reflect the financial condition oftlle organizations and persons to which
they apply on their effective dates, including contingent liabilities of every type, which financial condition has not changed
materially and adversely since those dates; and (e) it shall not permit any proceedings in foreclosure or otherwise that would
affect the Premises. Each Trustor, other than a natural person, further represents that: (i) it is duly organized, existing and in
good standing pursuant to the laws under which it is organized and (ii) the execution and delivery of this Deed of Trust and
the performance of the obligations it imposes (A) are within its powers and have been duly authorized by all necessary action
of its governing body and (B) do not contravene the terms of its articles of incorporation or organization, its by-laws, or allY
partnership, operating or other agreement governing its affairs.
20. Notice. Any notices and demands under or related to this document shall be in writing and delivered to the intended party
at its address stated herein, and if to the Beneficiary, at its main office if no other address of the Beneficiary is specified
herein, by one of the following means: (a) by hand, (b) by a nationally recognized overnight courier service, or (c) by
certified mail, postage prepaid, with return receipt requested. Notice shall be deemed given: (a) upon receipt if delivered by
11
hand, (b) on the Delivery Day after the day of deposit with a nationally recognized courier service, or (c) on the third
Delivery Day after the notice is deposited in the mail. "Delivery Day" means a day other than a Saturday, a Sunday or any
other day on which national banking associations are authorized to be closed. Any party may change its address for purposes
of the receipt of notices and demands by giving notice of such change in the manner provided in this provision. This notice
provision shall be inapplicable to any judicial or non-judicial proceeding where state law governs the manner and timing of
notices in foreclosure or receivership proceedings.
21. Miscellaneous. If any provision of this Deed of Trust is in conflict with any statute or rule of law or is otherwise
unenforceable for any reason whatsoever, then that provision is null and void to the extent of the conflict or unenforceability
and shall be severed from but shall not invalidate any other provision of this Deed of Trust. No waiver by the Beneficiary or
the Trustee of any right or remedy granted or failure to insist on strict performance by the Trustor waives any other right or
remedy of the Beneficiary and/or the Trustee or waives or bars the subsequent exercise of the same right or remedy by the
Beneficiary and/or the Trustee for any subsequent default by the Trustor. All rights and remedies of the Beneficiary and the
Trustee are cumulative.
These promises and agreements bind and these rights benefit the parties and their respective successors and assigns. If there is
more than one Trustor, the obligations under this Deed of Trust are joint and several. The Trustor agrees that the Beneficiary may
at any time sell or transfer one or more participation interests in all or any part of the Liabilities to one or more purchasers whether
or not related to the Beneficiary.
This Deed of Trust and the Related Documents constitute the entire understanding ofthe parties hereto and may not be amended
or altered except by a written instrument that has been signed by the party(ies) against which enforcement of the amendment or
alteration is sought.
Captions in this Deed of Trust are for convenience of reference only and do not limit the provisions ofthis Deed ofTI'u51.
Time is of the essence In this Deed of Trust.
The acceptance by the Trustee of this Deed of Trust shall be evidenced when this Deed of Trust, duly executed and
acknowledged, is made of public record as provided by law. The trust created hereby is irrevocable.
There shall be no merger of the estate or interest created by this Deed of Trust with any other estate or interest in the Premises at
any time held by or for the benefit of the Bencfici3lY, in allY capacity, without the written consent ofthe Beneficiary.
The BeneficialY, at the Beneficiary's option, with or without cause, may from time to time remove the Trustee and appoint a
successor trustee to any Trustee appointed under this Deed of Trust, and the Trustee may, at its option, with or without cause,
resign and appoint a successor trustee to any Trustee appointed under this Deed of Trust, in each case, by an instrument
recorded in the county in which this Deed of Trust is recorded. Without conveyance of the Property, the successor trustee
shall succeed to all the title, power and duties conferred upon the Trustee and by applicable law.
22. Governing Law find Venue. This Deed of Trust is delivered in the State of Colorado and governed by Colorado law
(without giving effect to its laws of conflicts); provided, however, that if the real estate that is the subject of this Deed of
Trust is located ill another state, the laws of such other state shall govern the validity, enforceability, perfection, priority,
construction, effect, enforcement and remedies with respect to this Deed of Trust, but nothing herein shall be. construed to
provide that the laws of any state other than the State of Colorado shall apply to the obligations and indebtedness secured by
this Deed of Trust. The Trustor agrees that any legal action or proceeding with respect to any of its obligations under this
Deed of Trust may be brought by the Beneficimy in any state or federal court located in the State of Colorado, as the
Beneficiary in its sole discretion may elect. By the execution and delivery of this Deed of Trust, the Trustor submits to and
accepts, for itself and in respect of its propel1y, generally and unconditionally, the non~exclusive jurisdiction of those courts.
The Trustor waives any claim that the State of Colorado is not a convenient forum or the proper venue for any such suit,
action or proceeding.
23. Indcmnificfltion. In addition to the indemnification provisions described in the section captioned "Environmental
Provisions" of this Deed of Trust, the Trustor agrees to indemnify, defend and hold the Trustee, the Beneficiary and
JPMorgan Chase & Co., or any of its subsidiaries or affiliates or their successors, and each of their respective shareholders,
directors, officers, employees and agents (collectively, the "Indemnified Persons") harmless frol11 any and all obligations,
12
claims, liabilities, losses, damages, penalties, fines, forfeitures, actions, judgments, suits, costs, expenses and disbursements
of any kind or nature (including, without limitation, any Indemnified Person's attorneys' fees) (collectively, the "Claims")
which may be imposed upon, incurred by or assessed against any Indemnified Person (whether or not caused by any
Indemnified Person's sole, concurrent, or contributory negligence) arising out of or relating to this Deed of Trust; the
Trustor's use of the property covered by this Deed of Trust; the exercise of the rights and remedies granted under this Deed of
Trust (including, without limitation, the enforcement of this Deed of Trust and the defense of any Indemnified Person's action
or inaction in connection with this Deed of Trust); and in connection with the Trustor's failure to perform all of the Trustor's
obligations under this Deed of Trust, except to the limited extent that the Claims against any such Indemnified Person are
proximately caused by such Indemnified Person's gross negligence or willful misconduct. The indemnification provided for
in this section shall survive the termination of this Deed of Trust and shall extend to and continue to benefit each individual
or entity who is or has at any time been an Indemnified Person.
The Trustor's indemnity obligations under this section shall not in any way be affected by the presence or absence of covering
insurance, or by the amount of such insurance or by the failure or refusal of any insurance carrier to perform any obligation
on its part under any insurance policy or policies affecting the Trustor's assets or the Trustor's business activities. Should any
Claim be made or brought against any Indemnified Person by reason of any event as to which the Trustor's indemnification
obligations apply, then, upon any Indemnified Person's demand, the Trustor, at its sole cost and expense, shall defend such
Claim in the Trustor's name, if necessary, by the attorneys for the Trustor's insurance carrier (if such Claim is covered by
insurance), or otherwise by such attorneys as any Indemnified Person shall approve. Any Indemnified Person may also
engage its own attorneys at its reasonable discretion to defend the Indemnified Person and to assist in its defense and the
Trustor agrees to pay the fees and disbursements of such attorneys.
24. Information Waiver. The Trustor agrees that the Beneficiary may provide any information or knowledge the
Beneficiary may have about the Trustor or about any matter relating to this Deed of Trust or the Related Documents to
JPMorgan Chase & Co., or any of its subsidiaries or affiliates or their successors, or to anyone or more purchasers or
potential purchasers of all or any part of the Liabilities and/or the Related Documents.
25. WAIVER OF SPECIAL DAMAGES. THE TRUSTOR WAIVES, TO THE MAXIMUM EXTENT NOT
PROHIBITED BY LAW, ANY RIGHT THE UNDERSIGNED MAY HAVE TO CLAIM OR RECOVER FROM THE
BENEFICIARY IN ANY LEGAL ACTION OR PROCEEDING ANY SPECIAL, EXEMPLARY, PUNITIVE OR
CONSEQUENTIAL DAMAGES.
26. JURY WAIVER. THE TRUSTOR, THE TRUSTEE AND THE BENEFICIARY (BY THEIR ACCEPTANCE
HEREOF) HEREBY VOLUNTARILY, KNOWINGLY, IRREVOCABLY AND UNCONDITIONALLY WAIVE ANY
RIGHT TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DlSPUT HETHER BASED ON CONTRACT,
TORT, OR OTHERWISE) BETWEEN THE TRUSTOR, THE TRUS~EE T BENEFICIARY ARISING OUT OF
OR IN ANY WAY RELATED TO THIS DOCUMENT. THIS PROV ON IS MATERIAL INDUCEMENT TO THE
BENEFICIARY TO PROVIDE THE FINANCING DESCRIBED;:JE IN.
~ustor:
(Bear Land HO}
By. I
'-__J n F Medve
Printed
Member
Tille
,d
I
13
ACKNOWLEDGMENT
State of
/J; bttZ.ilo
ft1lJUi \SOn
)
) ss
)
County of
II-f)/ ,20.ff',by ,M/;/! /' !!edt/eel
The foregoing instrument was acknowledged before me on
Given under my hand and notarial seal this
;ul
a - day of
LfY.oi) ,2od
\/); r:VU / 1J/a/7 t!JJ , Notar)' Pub(jc
My Commission expires: / / - J' - ,52/{)(:.~<'
'>-Rll.l\ltti'il\il=
Mark Paschall
County Treasurer
100 Jefferson County Pkwy.
Golden, CO 80419-2520
(303) 271-8330 - Office
Web site http://treasurer.jeffco.us
JEFFERSON COUNTY COLORADO
PROPERTY TAX STATEMENT
TAX NOTICE
TAX DIST 3109
SCHEDULE NO 193121
2005 TAXES PAYABLE 2006
DOING BUSINESS AS: I PROPERTY LOCATION FIN. INST.
MEDVED CHEVROLET NEW CAR DEALERSHIP 11001 1-70 FRONTAGE RO N
SEC.TWN.RNG.OTR. SO.FT.LAND 8LK LOT KEY BOOK PAGE AX AUTHORITY TAX LEVY. TAX AMOUNT
CRAIG CHEVROLET MINOR SUB SCHOOL
16 03 69 SW 385942 0001 F0442623 SCHOOL GEN 37.8030 44,837.00
SCHOOLBND 11.2500 13,343.29
"'I' COUNTY
]~] CNTY GEN'L 12.9210 15,325.21
. I ,yet. DEV DISABL 1.0000 1,186.07
R&B SRVCS 3.2800 3,890.31
V, {ti ;-'1 >- - SOC SRVCS 1.7100 2,028.18
, ,.I 3.~ l CAP'TL EXP 1.9120 2,267.77
Ii 'Nelli LIBRARY 3.5000 4,151.25
"fA\.' " CrHY OTHER .0230 27.28
WHR 1.7860 2,118.32
AFD 94800 11,243.94
FSD 3.7190 4,410.99
UOFCD .5320 630.99
UDFCDSPLAT .0650 77.09
VWD .3150 373.61
COMMERCIAL
PROPERTY VALUATION TAX LEVY.
B9.2960 105,911.30
VALUATION ACTUAL ASSESSED
LAND AND BUILDING 4,089.900 1,186,070
ASSESSMENT PERCENTAGE
"RESIDENTIAL PROPERTY: 7.96% ALL OTHER PROPERTY: 29.00%"
FULL AMOUNT DUE APRIL 30 105,911.30
OR
FIRST HALF DUE FEBRUARY 28 52,955.65
SECOND HALF DUE JUNE 15 52,955.65
11"1,11",11"",11.,,11..,1.1.,,1111,,.,.1,111,....,1111..,1
*.........***...*....*..........AUTO..*S-DIGIT 80033
BEAR LAND HOLDINGS LLC
11001 1-70 FRONTAGE RD N
WHEAT RIDGE CO 80033-2102
IF PAYING IN PERSON BRING ENTIRE TAX NOTICE
SEE REVERSE SIDE FOR FURTHER INFORMATION RETAIN THIS PORTION FOR YOUR RECORDS.
}~,
r!~'~
{~I
-~' ,.,...<.,<,;,::....,,;..!-., ...-'.'
P~,( **SEVEN T~~USAND two 'HUNDRED TWENTY.
_...-":;</'r :-;<:.' ,"'.:'-,
~:~.:f;~;~":~J" '-';\~ c;:~_,-,
.. " -c<~ -~
~''- ;& , ",":<!_LY ",~:;:;,;- ,"
TO,THE
}'it:?~\?~:-~~,~ ..
/ ~ ~r~i,t' :tY "
'.,-/S'
"':"""-.,~ :
ORDER'
9j~!t:'~'z:~T: l~l-t} ,; }L):
:);l--:~_:;'~!};~~;:;___--/F-<'^i --~
., ,'> BANRbNE
. "" . DENVER, COLORADO
Mark Paschall
County Treasurer
100 Jefferson County Pkwy.
Golden, CO 80419-2520
(303) 271-8330 - Office
Web site http://treasurer.jeffco.us
JEFFERSON COUNTY COLORADO
PROPERTY TAX STATEMENT
TAX NOTICE
TAX DIST 3109
DOING BUSINESS AS: I PROPERTY LOCATION FIN.INST.
MEDVED AUTOPLEX 11001 1-70 FRONT AGE RO N
SECTWN.RNG.OTR. SO.FT.LAND BLK LOT KEY BOOK PAGE AX AUTHORITY TAX LEVY' TAX AMOUNT
SCHOOL
SCHOOLGEN 37.8030 6.119.55
SCHOOLBNO 11.2500 1,821.15
COUNTY
CNTY GEN'L 12.9210 2,091.67
DEV DISABL 1.0000 161.88
R&B SRVCS 3.2800 530.97
I SOC SRVCS 1.7100 276.81
L/7t)':.-' ~? 1'/ ~7 }..J CAP'TL EXP 1.9120 309.51
LIBRARY 3.5000 566.58
CNTY OTHER .0230 3.72
WHR 1.7860 289.12
AFD 9.4800 1,534.62
FSD 3.7190 602 03
UDFCO .5320 86.12
UDFCDSPLAT .0650 10.52
VWD .3150 5099
COMMERCIAL
PROPERTY VALUATION TAX LEVY'
89.2960 14,455.24
SCHEDULE NO 913378
2005 TAXES PAYABLE 2006
VALUATION ACTUAL ASSESSED
PERSONAL 558,209 161,880
ASSESSMENT PERCENTAGE
"RESIDENTIAL PROPERTY: 7.96% ALL OTHER PROPERTY 2900%"
FULL AMOUNT DUE APRIL 30
OR
FIRST HALF DUE FEBRUARY 28
SECOND HALF DUE JUNE 15
14,455.24
7,227.62
7,227.62
11"1,11",11"",11",11,,,1,1,,,1111,,,,,1,111,,,,,,1111,,,1
......h...............~...~**~~h~**AUTOh5_DIG1T 80033
MEDVED CHEVROLET GEO INC
% TAX OEPT
11001 1-70 FRONTAGE RO N
WHEAT RIDGE CO 80033-2102
IF PAYING IN PERSON BRING ENTIRE TAX NOTICE
SEE REVERSE SIDE FOR FURTHER INFORMATION RETAIN THIS PORTION FOR YOUR RECORDS.
Mark Paschall
County Treasurer
100 Jefferson County Pkwy.
Golden, CO 80419.2520
(303) 271.8330 - Office
Web site http://treasurer.jeffco.us
JEFFERSON COUNTY COLORADO
PROPERTY TAX STATEMENT
TAX NOTICE
TAX DIST 3109
SCHEDULE NO 193681
2005 TAXES PAYABLE 2006
I
DOING BUSINESS AS: I PROPERTY LOCATION FIN. iNST.
VACANT LAND
SEC.TWN.RNG.OTR. SO.FT.LAND 6LK LOT KEY BOOK PAGE AX AUTHORITY TAX LEVY. TAX AMOUNT
SCHOOL
16 03 69 SW 353881 016 F2016119 SCHOOL GEN 37.6030 1,022.57
SCHOOLBND 11.2500 304.31
COUNTY
CNTY GEN'L 12.9210 349.52
DEV DISABL 1.0000 27.05
R&B SRVCS 3.2800 88.72
SOC SRVCS 1.7100 46.26
C !I( ]/f' // :? Z.[ CAP'lL EXP 1.9120 51.72
LIBRARY 3.5000 94.68
CNTY OTHER .0230 .62
WHR 1.7860 48.31
AFD 9.4800 256.43
FSD 3.7190 100.60
UDFCD .5320 14.39
UDFCDSPLAT .0650 1.76
VWD .3150 8.52
RESIDENTIAL
PROPERTY VALUATION ' ~'8~9~2'~60 2,415.46
ATION ASSE
VALU ACTUAL SSEO
LAND 339,790 27,050
ASSESSMENT PERCENTAGE
"RESIDENTIAL PROPERTY: 7.96% ALL OTHER PROPERTY: 29.00%"
FULL AMOUNT DUE APRIL 30
OR
FIRST HALF DUE FEBRUARY 28
SECOND HALF DUE JUNE 15
2,415.46
1,207.73
1,207.73
**********************"'******3-0IGIT 800
BEAR LAND HOLDINGS LLC
11001 W 1-70 FRONTAGE RD N
WHEAT RIDGE CO 80033
IF PAYING IN PERSON BRING ENTIRE TAX NOTICE
SEE REVERSE SIDE FOR FURTHER INFORMATION RETAIN THIS PORTION FOR YOUR RECORDS.
.,~",_~~:f,:2':~,i~\-:~;:~~~~~r;:~:.'i~!~, _ ;\i,.. '",::'~
*SEVEN 'HUNDRED TWENTY:
.,. .".' ,',." ',; "",', -.-, - ,
. _.' ',,-
.~:':, ' ii"'~
. f1;;:~.,~.;;'.' '.?: '::: . '.:
Td~HE" d. ./:;-; ::':;,;
JEFFERSON COUNTY.TR
ORDER PO 80)(,4007 ,-' . .
ron: n':"I.t~n lInAni_nnn'7 '-,: '''ti.
Mark Paschall
County Treasurer
100 Jefferson County Pkwy.
Golden, CO 80419.2520
(303) 271-8330 - Office
Web site http://treasurer.jettco.us
JEFFERSON COUNTY COLORADO
PROPERTY TAX STATEMENT
TAX NOTICE
TAX DIST 3109
SCHEDULE NO 043765
2005 TAXES PAYABLE 2006
DOING BUSINESS AS: I PROPERTY LOCATION FIN.INST.
4990 PARFET ST
SEC.TWN.RNG.OTR. SO.FT.LAND 8LK LOT KEY BOOK PAGE AX AUTHOR In TAX LEVY' TAX AMOUNT
SCHOOL
16 03 69 SW 112820 017 F2016119 SCHOOL GE~ 37.8030 609.76
SCHOOLBNO 11.2500 181.46
COUNTY
CNTY GEN'L 12.9210 208.41
DEV DISABL 1.0000 16.13
?'/ :;>2. r R&B SRVCS 3.2800 52.91
C/V~,/ 'f SOC SRVCS 1.7100 27.58
CAP'TL EXP 1.9120 30.84
LIBRARY 3.5000 56.46
I CNTY OTHER .0230 .37
WHR 1.7860 28.81
AFD 9.4800 152.91
i FSD 3.7190 59.99
t UDFCD .5320 8.58
UDFCDSPLAT .0650 1.05
VWO .3150 5.08
RESIDENTIAL
PROPERTY VALUATION TAX8L9Ei~60 1,440.34
VALUATION ACTUAL ASSESSED
LAND AND BUILDING 202,630 16,130
ASSESSMENT PERCENTAGE
"RESIDENTIAL PROPERTY: 7.96% ALL OTHER PROPERTY: 29.00%"
FULL AMOUNT DUE APRIL 30
OR
FIRST HALF DUE FEBRUARY 28
SECOND HALF DUE JUNE 15
1,440.34
720.17
720.17
*......*......***********..*..*******3-DIGIT 800
BEAR LAND HOLDINGS LLC
11001 W 1-70 FRONTAGE RO N
WHEAT RIDGE CO 80033
IF PAYING IN PERSON 8RING ENTIRE TAX NOTICE
SEE REVERSE SIDE FOR FURTHER INFORMATION RETAIN THIS PORTION FOR YOUR RECORDS.
REMITTANCE ADVICE
DETACH AND RETAIN
MEDVED CHEVROLET. INC.
WHEAT RIDGE, COLORADO 80033
CHECK NO.
263875
NET
AMOUNT
Mark Paschall
County Treasurer
100 Jefferson County Pkwy.
Golden, CO 80419-2520
(303) 271-8330 - Office
Web site http://treasurer.jettco.us
JEFFERSON COUNTY COLORADO
-~~~
PA'? ~:*SI~ THREE THOUSAND FOUR - ~~< _ _ .
- ;i*{~~- - .?:'\~, ;"-~':;~:j(' - -,- ' .
JEFFERSON COUNTY TREASlJR
PO BOX.4007' '.' -' .
GOLD,ENCO 804.01.0007
1,4",~"" " ' .' '"'' .J:".,;y-'",:,<:.,i.~
'tt~t~,:,:_~ -'-/~~,:'~~f:
'<F>'f"':,--_",,-~,
",~~~~~N.~,__ -,'-','-'----:,,-,-;'
PROPERTY TAX STATEMENT
TAX NOTICE
TAX DIST 3109
SCHEOULE NO 193122
2005 TAXES PAYABLE 2006
DOING BUSINESS AS: I PROPERTY LOCATiON FIN.INST.
MEDVED USED CAR DEALERSHIP 11051 1-70 FRONTAGE RO N
SEC.TWN.RNG.QTR. SQ.FT.LAND BLK LOT KEY BOOK PAGE AX AUTHORITY TAX LEVY. TAX AMOUNT
CRAIG CHEVROLET MINOR SUB SCHOOL
16 03 69 SW 3659 OSA F0700191 SCHOOLGEN 37.8030 53,712.77
16 03 69 SW 376010 0002 F0442623 SCHOOLBNO 11.2500 15,984.68
COUNTY
CNTY GEN'L 12.9210 18,358.91
II (,lir:,lJ l. {"'/~ ~./ .71 'J-.-{ / OEV DISABL 1.0000 1,420.86
/)-.. R&B SRVCS 3.2800 4,660.42
SOC SRVCS 1.7100 2,429.67
[J~t..- ~_,~f IV. 3J-f CAP'TL EXP 1.9120 2,716.68
1~ LIBRARY 3.5000 4,973.01
CNTY OTHER .0230 32.68
WHR 1.7860 2,537.66
AFD 9.4800 13,469.75
FSD 3.7190 5,284.18
UDFCD .5320 755.90
UOFCDSPLAT .0650 92.36
VWD .3150 447.57
COMMERCIAL
PROPERTY VALUATION TAX LEVY'
89.2960 126,87710
VALUATION ACTUAL ASSESSED
LAND AND BUILDING 4,899,520 1,420,860
ASSESSMENT PERCENTAGE
"RESIDENTIAL PROPERTY: 796% ALL OTHER PROPERTY. 29.00%"
FULL AMOUNT DUE APRIL 30 126,877.10
OR
FIRST HALF DUE FEBRUARY 28 63,438.55
SECOND HALF DUE JUNE 15 63,438.55
11"1,11",11"",11",11",1,1",1111"",1,111"",,1111",1
.....................AUTO..5-DIGIT 80033
BEAR LAND HOLDINGS LLC
110011-70 FRONTAGE RD N
WHEAT RIDGE CO 80033-2102
IF PAYING IN PERSON BRING ENTIRE TAX NOTICE
SEE REVERSE SIDE FOR FURTHER INFORMATION RETAIN THIS PORTION FOR YOUR RECORDS.
Mark Paschall
County Treasurer
100 Jefferson County Pkwy.
Golden, CO 8" 19-2520
(303) 271-83~ Offioe
Web site http://treasurer.jeffco.us
JEFFERSON COUNTY COLORADO
PROPERTY TAX STATEMENT
TAX NOTICE
TAX DIST 3109
SCHEDULE NO 923382
2005 TAXES PAYABLE 2006
DOING BUSINESS AS: I PROPERTY lOCATION FIN. INST.
MEDVED CHRYSLER PLYMOUTH JEEP INC 11201 W 1-70 FRONTAGE RD N
SEC.TWN.RNG.OTR. SO.FT.LAND BlK lOT KEY BOOK PAGE AX AUTHORITY TAX LEVY' TAX AMOUNT
SCHOOL
SCHOOLGEf\ 37.8030 1,69206
SCHOOLBND 11.2500 503.55
COUNTY
CNTY GEN'L 12.9210 578.35
,) OEV DISABL 1.0000 44.76
1[<)0 R&B SRVCS 3.2800 146.81
I PI{ \ .' '. ,
0'" SOC SRVCS 1.7100 76.54
rl CAP'TL EXP 1.9120 85.58
""c;-'_I _
~ ,.,JJ v- LIBRARY 3.5000 156.66
CNTY OTHER .0230 1.03
WHR 1.7860 79.94
AFD 9.4800 424.32
FSD 3.7190 166.46
UOFCO .5320 23.81
UDFCDSPLA T .0650 2.91
VWD .3150 14.10
COMMERCIAL
PROPERTY V ALUA TION 'Y' 3,996.88
89.2960
V L
A UATION ACTUAL ASSESSED
PERSONAL 154,349 44,760
ASSESSMENT PERCENTAGE
"RESIDENTIAL PROPERTY: 7.96% ALL OTHER PROPERTY: 29.00%"
FULL AMOUNT DUE APRIL 30
OR
FIRST HALF DUE FEBRUARY 28
SECOND HALF DUE JUNE 15
3,996.88
1,998.44
1,998.44
************************"'.-*3-DIGIT 800
MEDVED CHRYSLER PLYMOUTH JEEP INC
ATTN: BLAISDELL MARY BUS MNGR
11201 W 1-70 FRONTAGE RD N
WHEAT RIDGE CO 80033
IF PAYING IN'PERSON BRING ENTIRE TAX NOTICE
SEE REVERSE SIDE FOR FURTHER INFORMATION RETAIN THIS PORTION FOR YOUR RECORDS.
,
.
~
pn
Mark Paschall
County Treasurer
100 Jefferson County Pkwy.
Golden, CO 80419-2520
(303) 271-8330 - Office
Web site http://treasurer.jeffco.us
JEFFERSON COUNTY COLORADO
PROPERTY TAX STATEMENT
TAX NOTICE
TAX OIST 3109
SCHEDULE NO 974792
2005 TAXES PAYABLE 2006
DOING 8USINESS AS: I PROPERTY LOCATION FIN.INST.
LEASED EQUIP TO MEDVED 11201 W 170 FRONTAGE RD NORTH
SEC.TWN.RNG.OTR. SO.FT.LAND BLK LOT KEY BOOK PAGE AX AUTHORITY TAX LEVY' TAX AMOUNT
SCHOOL
SCHOOL GE~ 37.8030 3,248.41
SCHOOLBNO 11.2500 966.71
COUNTY
CNTY GEN'L 12.9210 1,110.29
[_1'/ (f:" '1 /1/ n.r DEV DISABL 1.0000 85.93
R&B SRVCS 3.2800 281.85
SOC SRVCS 1.7100 146.94
CAPTLEXP 1.9120 164.30
LIBRARY 3.5000 300.76
CNTY OTHER .0230 1.98
WHR 1.7860 153.47
AFD 9.4800 814.62
FSO 3.7190 319.57
UDFCD .5320 45.71
UDFCDSPLAT .0650 5.59
VWD .3150 27.07
COMMERCIAL
PROPERTY VALUATION I AX 8L9to~~60 7,673.20
V N
ALUATIO ACTUAL ASSESSED
PERSONAL 296,296 85,930
ASSESSMENT PERCENTAGE
"RESIDENTIAL PROPERTY: 7.96% ALL OTHER PROPERTY: 29.00%"
FULL AMOUNT DUE APRIL 30
OR
FIRST HALF DUE FEBRUARY 28
SECOND HALF DUE JUNE 15
7,673.20
3,836.60
3,836.60
"'*."*************************3-DIGIT 800
MEDVED JOHN F
ATTN: BLAISDELL MARY
11001 W 170 FRONTAGE RD NORTH
WHEAT RIDGE CO 80033
IF PAYING IN PERSON BRING ENTIRE TAX NOTICE
SEE REVERSE SIDE FOR FURTHER INFORMATION RETAIN THIS PORTION FOR YOUR RECORDS.
REMITTANCE ADVICE
DETACH AND RETAIN
MEDVED CHEVROLET. INC.
WHEAT RIDGE, COLORADO 80033
CHECK NO.
263872
NET
AMOUNT
$3,836.60
C'
(
(
_ SEP-U6-100T 09: 18AM FROM-
CT ESCROW
SERVICES, LLC
Date; October 25, 2004
Our File NlBTlber: C020003 Cl
Re: e.ar Land Holdings, llC
Property Address: 11001 West 1-70 Frontage Road
CommelCial Escrow OffICer. Linda Huff - IhuNiiilchancelVflffe.com - 303.375.4949
Tille Otrk;Sr: Jet Stanton - istantontiiJchancelVf#/e.com .. 303.550.9413
Delivery List
Lender:
Bank One
201 North central Avenue
e" Floor, AZl-1125
Phoen~.AZ 85004
Ann; Sylvia D'Angelo
Phone: 502.221.6335 Fax: 602.221.6341
.vlvia d'angeloiiilbankone.com
Mn: Renee Shivers
Phone: 602.221.6381 Fax: 602.221.6374
Renee M Shivilmiiilbankone.com
Attached please fine!: Title Commitment
3950 Lewiston Streel. Suile 100. Aurora, Colorado 80011-1556
303-373-5500. Fax: 303-373-5548
T-0,6 P.OOI/OII F-134
SEP-06-2007 69: 19AM FROM-
7-035 P002/012 F-234
II TICOR TITLE INSURANce
(
COmmitment for Title Insurance
American Land
nu. AaoI:lalion
Cllmmltmenl-1966
TICOR TITLE INSURANCE COMPANY, a
California corporation, herein called the
Company, for a valuable consideration, hereby
commits to issue its policy or policies of litla
insurance, as identified in Schedule A, in favor
of the proposed Insured named in Schedule A,
as owner or mortgagee of the aslate or interest
covered hereby in fhe land described or
referred to in Schedule A, upon payment of Ihe
premiums and charges therefor: all subject to
the provisions of Schedule A and B and to the
Conditions and Stiputations hereof.
(
This Commitment shall be effective only
whun the idenlity of the proposed Insured and
the amount of the policy or polioies oommitted
for hava bean inserted in SchedUle A her.of
by the Company, either at the lime of the
i..uance of this Commrtm.nt or by subsequant
endorsement.
This Commhmant is preliminary to the
issuanoe Of suoh policy or policies of title
insurance and ali liability and obligations
hereunder shall cease and terminate 180 days
alter the effective date hereof or when tha
policy or policies commltled for shail issue,
whichever first occurs, provided that thelailure
to issue suoh policy or pOlicies is not the fault
of the Company.
This Commitment shell nol be valid Or
binding until countersigned below by an
authorized signatory of the Company.
President
Issued by:
CHANCERY TITLE COMPANY,LLC
3950 NORTH LEWlSTON STREET
SUITE 100
AURORA, CO 800t I
(303) 373.5500
fAX (303) 373-5548
By
Attest
(
@~@@@@@@@@~~@@@@@@@@@@@~@@@@@@@@@@@@@@@@@@
ALTA COMl\IlTMENT - ,...
ReOiOOr Form No. 139&
SEP-06-200T 09:19A~
FROM-
T-015 POOI/012 F-214
('
COMMITMENT FOR TITLE INSURANCE
SCHEDULE A
Commitment Number COOOOZOOO3 Cl
PROPBRlY ADDRESS:
Vacant Land
SCHEDULE~s'043765,193681.19312l, 193122
l. Errective dale: OCtober 11, 2004 at 7:30a.m.
2. Policy or policies to bl: issued:
A. None. Proposed Insured:
Amount
Premiu.rn
$
$
B. ALTA 1992 LOM Policy. Proposed Insured:
Bank One, NA, its lutceS8-0rs ud/or assigns
$20,800,000.00
$ 14,585.00
C. None.. Proposed Insured: $ $
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$
$
$
$
$
$
S
S
$
TOTAL $ 14,585.00
3. The estate or interest In the land described Or referred to in this commitment and covered herein is fee simple and title thereto is at
the effective date hereof vested in:
Sear Land Hoidings~ LLC a Cr)loradu limited liability company
4. The land referred to ill this commitment is described as follows:
See Exhibit A attached hereto and ma.dt II part htreof.
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Issued by: Chancery Title Company, LtC
As Agent for: Ti<:or Tille Insurance Comp~ny
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SIP-06-200T 09:19AM
NIl P 004/012 F-214
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Comminnant Number COOOO2OOO> Cl
Exhibit A - Legal Description
POI cell:
Lot< I and 2,
CRAIG CHEVROLET MINOR SUBDIVISION, .ccording to the pl.t thereof ",corded August 15, 1986 at Reception Number
86095227, .
Together with that portion ofvac.ated West SOIll AvenLeas vacated by Ordina.'1ce No. 1126, Series of 1998, recorded SClptembcr 23,
1998 at Reception Number F0700191,
County of Jefferson,
State of Colorado.
Pan:alll:
A tract of land being a portion of the Southeast quarter aftne Southwest quarter of Section 16, Township 3 South, Range 69 West
of1lK:: Sixth Principal Meridian, County of Jt'm:rson, State of Colorado, being mOrt particularly de5cribed as follows:
Commencing at tbe SOl.1thtast cOm!::r MUle Southwest quarter of Section 16; thence North 00"0] '12" E~st along the East Hne csf the
Southeast quarter of the Southwest quarter of Section 16,448.01 feet to & point on the Southerly boundary line of the Denver and
Northwestem Railroad Compa.ny Right-ilf-Way as recQrded in Book 126 at Page 583 in The Qe.rk a.nd Recorderls Office of
Jdferson CountY. said point b~ing the Point ofBc:ginningj thcmcCl South 740Q7'34" West foi!ong said Right-of-Way. 549.56 feet to a
point on the Easterly right-or-way of Farfet Street as recorded in Book 155 at Page 424 in the Clerk and Recorder's Office of
)efrersQn County; thence North 00004'241> West along said Easterly R.igbt-uf-Way %.86 feel to a p..,int on the Northerly boundary
line of said Denver and Northwestern Railroad Company Right-of-WaYi thence uolltinuing along said Easterly Right-of-Way ())f
ParCet Street North OO~6'56" We8t, 633.78 feet to a puinl being 241.50 feet Southerly of the North line of the Southeast guarlcr of
the SOUthWlCst quarter of Section J6; thence North 89~43'46" Eastl parallel with and 247.50 feet distant when lTI~asured at right
angles to sllid North line 530.21 feet to a point 011 the East)ine of the Southeast quarter of the Southwest quarter of Section 16,
thence South O()~OI'12" West along said East line: 582,83 feet to the Point of Beginning,
County i)f Jefferson,
State orC(Jlorado.
Parcel Ill;
That part of the SQlltrle8!it quarter of the Southwest quaner of Section] 6) Township 3 South, kange 69 West of the 6th fJrincipal
Meridian, described as foHows:
Beginning at the Northeast corner Ilf said Southeast quarter of the Southwest quarter; thence West, along the Norih line of said
Southeast qua1tt:r .ufthe Southwest quar1er, 52ii fevt, mOre Or Jess, to the East line of Parfet Street; thence South, along the East
(ine offlarfer Street. 241.5 feet; thellce East, parallel with the North line of said Southeast quarter of the Southwest quarter, 52& feet,
morcH)r iess, to the East line ofs.aid Southellst quarter of the Southwest quartt;r; thence North! along said Bast I"ine,147.5 feel, more
or less, to the Point of Beginning,
Ex.cepting thc:rcfrom thlilt pOrtion described in Book 1329 at Page 127 of the Jefferson County Records)
County of Jefferson,
State of Colorado.
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Issued by: Chancery Titlt'i Comp~ny, tLe
m-OS-200T 09: i lAM
FROM-
T-035 POOi/012 F-234
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Commitment Number COOOO2OO03 Cl
SCOEDULE B-1
Requirements
The following a:r~ tc be cornplic:d with:
A. Payment to or for the account of the .grantors or mortga~(1rS ofth~ full consideration for .rhe estate or interest to be insured.
S, Proper instrument(s) creating. the estate or interest to be insured m\lst be executed and duly t1Jed for record, to.Wlt:
i. Deed ofTnlltt liatisfaotory to the: Company, from Bear Land Holdings, LLC, a Colorado limited Iiabiliry com.pany, to the Public
Trustee of Jefferson County. far the benefit ofB8nk One, NA,
lC
Release of Deed of Trust from Bear Land Holdings, LLC, a Colorado hmited liability company, to the Public Tr\lstee of lefferson
County, to secure an indcbk:dnc5s in the original prillcipal amount of$6,600,COO.OO and/or any other obligations securcd thereby)
icr lbe benefit ciCcmer;ca Bank, dated July I, 1997, and ",cordt:d July II, 1997,.t Reception Numb., F0442624. (.ff'cts Parcell)
NOTE: Attornment, Non.l)isturbance, Suoordinati[)ll and Estoppel Agreement in connection therewith recorded Juty 11, 1997 at
Rcceplion Nu_ F0442625.
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lE
Tennination of .Financing Statement between Beat Land Holdings, LLC> ~s debtor, and Comerica Bank, as secured party, recorded
July 11, 1997,01 Reoepuon Numbtr f0442626. (affects Parcell)
Termination ();( Financing Statement between Medved Chevrolet, Inc., as debtor, and Comerica Bank, as secured party, recorded
July 11, 1997, at R""epuon Numb., F0442627. (affect, Parcell)
>il.
F. Release of Dctd "fTrust from Bear Land HoJdings,l..LC, a Colorado limited liability company, to th~ Public Trustee of Jefferson
County. to secure an indebtedness in thecrlginal principal amOunt ofSI2,200,QOO.OO and/or any other obligations secured thereby,
for the ben~fit of Debis Financial Servi<:es, In~. - AffinHy Services Division, dated January S, 1999. l):od recorded January III 1999,
at Reception Number F077669l. (affects Parcell)
NOTE: Assignment of Leases and Rents and Other Income in connection therewith recorded January 12, 1999, at Reception
Number F0776692.
NOtE: Absolute Assignment of Deed of TrUf.it and Olher Loan Documents Wilhout Recourse in connection therewith, to
Mer<;edes-Benz Credit. Corporation, recorded Apri112, 20011 at Rtception Numbt;:r }:1216623.
G. Terminarion of Financ:ing Statement between Bear Land Holdings, LLC, asdebror, and Debis Financial Services. inc. - Affinity
Services Division, as s.;cured party, re(;orded January 12, 1999, at Receplion Number F0776693. (affects Parcell)
H. Termina.tton ofFinancin.g Statement between John F. Medved, as Debtor, and Bank One, Colorado. as secured pal1Y. recorded
June 30. 1999, at Recept:Qn Numbtrs f0898873 ,nd F0898874. (.(feCIS Potcell)
NO'fE: Landlord's Waiver and Consent in connection therewith recorde.d June 30, 1999 at R('.c~ption Number F08988'12.
NOTE: Continuation in .connection tht:Nwith recorded January 2/, 2004 at Reception Number Fl9S0316
NOTE: Ame'ndm~nt in COfInectloo therewith recorded JanLiary 28, 2004 at Reception Number fl'l9s0984,
L Release. of the Deed of Trl.lsr It. the pl'incipal amount of$2,500,OOO.OO, executed by 'Bear Land Holdings, LLC to ~he Public Trustee
of Jef!'ersDu COllnty, Trustee, for tbe benefit of Bank One, NA, Benefjciary, dated April 27, 2004 and retorded April 30,2004, at
Reception N.mbct F2Q16120. (ai(ee" Parcel, II and Ill)
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J. lteedpt by the Company of an ALTA/ACSM Land Title Survey, certlficd to Chancery Title Company, LLC Met to TicOf rltle
Insurance Company, and in form and content satisfactory II) the Company.
NOTE: The Company reserves the right to make further requirements and/or exceptions upon review of this survey,
Issued by: Chimcery title CompiHI)'. LLC
SEF-06-~60T 09:20AM FROU-
T-015 P 006/012 F-214
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SCHEDULE 8-1 . COlltinued
CommitroentNlll1IberC(J()()()1fl()()3 CI
K. Receipt by the Company of a "li&fattcry Fin.1 AfrJdavit, ""eeuted by Be'" Land Holdinas, LLG, . Colorado limited liability
company.
L Payment of all taxes and asselBments omv due and payable.
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ls.su<<l by: Chancery Title Company, LLC
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6.
7.
8.
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9.
10.
11.
12.
13.
14.
15.
16.
17.
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]8.
SEP-06-2007 09:20AM
T-036 P 007/~12 F-234
FROM-
CommirmeotNumberCOOOO20000 CI
SCHEDULE B-2
Exceptions
The policy or policies to be issued will conrain e:ccJ:!ptions to the following unless the same arc: disposed oft!) the satisfaction of the
ComJ"UlY:
I. :Rights or claims of parties in po~SC:5Sion not .shown by the pubhc records.
2. Easement5 or claims of casements. not shown by the public f(:(lord$.
3. Discrepancies, conflicts in boundary linesj shortages in are~ encroachments, and any facts which a correct SUf\lcy and insp~ction
of the premises would disclose :and which are not shown by the public records.
4. Any lien, Cf rigbt to a lien for services, labor Of material heretofore or hereafter furnished, imposed by law 1'1I\d not shown by the
public records.
S. Defeds, lieBlI, enc'Umbrance~ adverse claimll, Ot olher matten:, if any, created, first appearing in the public recordll or attaching
subsequent to the effective date hereof but prior to the date the proposed inl5UTed acquires of record fm value the estate Or inte:rest
or m01'tgage thereon covered by t.his Commitment.
Tax.es and assessments which are a Hen or arc now duc: and payable; any tax, spe.c;ial assessmetlt, charge or lien imposed for or by
Dny spcoial ta>eing district otfot water or sewer service: any uluedeemed tax. sales.
Water rights, claims or title to water. whether or not shown by the public records.
An easement for electric transmission lines and incidental purposes as set forth in 8n instrument recorded December 14, 1923 in
Book 2S9 at Page 92. (affects b(.t. Parcels)
An tllsement for electric transmIssion line-.s and incidental purposes as set forth in an instrument recorded October J 1, J925 in Book
275 at PaQe 511. (affect' both ParcelS)
Right of way f<>r ditches with the right ofingresEi and egress and right of way for electric transmission and distributioll1iJ'le~ as 5et
fonh in Deed tecorded Oetober 15, 1951 in Book 737 at Page 328. (affect. Parcell)
The effect oftb, inclusion ofthc ,ubject pr()perty in the Valley Water District, as disclosed by an instrument recorded Octobe:r 29,
1956 in Book 1026 at Page 592. (affect' both Parcel,)
Basement granted to the Department of Highways, State of Colorado. as set fortb in all illstrument recorded November 18, 1966 in
Book 1909 at Page 161. (aff.etsPar..1 J)
An easement for a &ewer line and incidentlll purposes granted to Fruitdale Sanitation District ~\S set fo!t;. ih an instrument recorded
October 26,1983 at Rcc;eption Number 830]5531. (afftCIS Pa"el I)
An ei$ement for a water line and inc.ideT'ltal purposes as granted to Valley Water District as set forth in an instrument recorded
October 26, 1983 at Reception Number 8301 02988. (affects Parcell)
Basement and right of way for the Bayou Ditch (Slough Ditch) ~s evidenced by an instrument recorded December 27, 1983 .at
Reception Number 83122328. (affects Parcel, II and Ill)
'The effect of the Craig Chevrolet Official Development Plan recorded August 1, 1986 at Rccc:p:io!l Numbe;r 86087500. (affects
Paree] I)
The effect of the inclusion of the SUbject property in tht: Fruitdale Sanita.tion District, as evidenced by an inS(fUm~nt recurded
Auguit I), 1986 at Reception Number 86092231. (affects Parcel I)
Easements. notes, covenants, restrictions and fights of way as set forth On the pbt of Craig Chevrolet !vlinor Subdivision, recorded
Is~ued by: Ch;mccl'Y "Tille Company, LLC
SEP-OS-2007 09:2IA~
T-OlS P 009/012 F-2l4
FROM-
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SCHEDULE B-2 . Continued
Commilmmt Number COOOO2000} Cl
AUgu,IIS, 1986 at R""eption Number 86095227, in Plat Book 90 at Page 46.
NOTE: Affidavit of Plat Correction in connection therewith recorded March 30, 1999 at Reception Number F08354!12.
(affecla Pucci!)
19. An easement for utilities and incidental purposes granted to Public Service Company of Calor ado as sd forth in an instrument
rec.rded September 26, 1986 at Recepti.n Number 861 ] 6662, (affect' Parcell)
20. An easement for utilities and incidental purposefi granted to Public Service Company ofCQlorado as set forth in an instrument
tcO<lI'dcd SepIomber 26. 1986 at Recepti.n Number 86116663. (affect' Par",,1 J)
21. Right of way all granted to Valley Water District as set forth in an inshumcnt rtCOlded September 26, 1986 a.t Reception Number
86] 16664. (alfects Parcell)
22. An easement for utilities and incidental purposes granted to Public Service Company of Colorado by an instrument recorded
October 28. 1986 at Reception Number 861 322] 1, upon the terms and conditions set forth in the instrument. (affects Pa.rcels rl and
HI)
23. .Tcrms) c:onditiotl$. provisions, obligationsl easements and agreements as set forth in License Agreement and Grant, Conveyance
and Conlineation .fRight-of-Way reccrded December 12, 1986 ot Reception Number 86154223, (affccls beth parcels)
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24. Terms, conditions., provisions. obligations, easements and agreements as set forth in Cross Ea.8ern~nt Agreement recorded J\.l.ne 10,
1992 at Receplion Number 92069123. (arreCIS Parcell)
25. Terms. conditions, 'proviSiOJis, obligations, easements and agreements as set forth in Right of Way Agreement with Valley Wate)'
Disllict recorded June 30, 1994.1 Reception N"",ber 94113926. (affcct, Parcel J)
26. Thf. effect of Medved Autoplc:x Offi~jal Development Plan recorded December 21. 1994 at Reception Number 94] 95259 (affects
Parcel I) .
21. Lease to Medved Chevrolet, lnc., a Colorado (;orporation, as evidenced by Attornment, Non-Disturbance, SubordiJla.tion ...nd
Estoppel Agreement record\':d July 11, 1997 at I{eception Number F0442625, (affects hrcd 1)
28. Rcs.;rvations of easements as set forth in Ordinance No. 1126, Series of 1998, recorded September 23, 1998 at Recep1i(m l\umber
F0700191. (afr",,, Parcell)
29. An casement fora turn around and incidental purposes as s~t forth in an instrumentreeorded May 13. 1999 at Reception Nllmber
F0867J05. (affeot. Parcel I)
30, Terms. ~onditions, provisions, obligations and a.grecmentll as set forth in Use Restriction Ml":lllOrandum recorded August 27, 1999
at Recepti.n Number F0934 134. (.ffeclS Parcel I)
31. Terms., conditIons, provlli;ions, obligations and agreements as set forth in Use R2:striction Memorandum recQrded S~ptembei 23,
1999 at Reception Numbor F0948588. (arreclS Parcel J)
32 Terms, conditions) provisions, obligations and agreements as set forth in Stipulation ofSettlc:ment recClrded july 13. 2001 ~t
Reception Number PI 21l030, and Orderrecorded July 13,2001 at Reception Numb,r FI275031. (affect' Parcel II
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:n. The following matters as set forth on ALTA/ACSM Land Title Survey dated March 11,2.004, prepc.red by Asp~n Surveying, Inc.,
.s Job No. 2004-0033;
lssued by: Chal1c.ery Title Compllny, LLC
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SEP-06-2007 09:21AM
7-035 P.009/012 F-234
FROM-
SCHEDULE B-2 - Continued
C~mmionent Nmnber COOOO20003 Cl
a) Utility tower and overhead utility lines in the Southerly portion of said land, which do not lie within a recorded casement and
a prescriptive easement therefor.
b) Any toss or damage as a result oftb.e fence lines being inco[1sistent with the property lines.
c) Rights of way for e){.isoos ditches and canals traversing said land.
(affi:cto Parcels n ilIId Ill)
34. Existing leases and tenanc.ies.
NOTE~ Upon rct:cipt ora satisfactory survey and final affidavits, liS shown in Schedule B - St;i~tion 1. Bxceptionsl through 4 will
be deleted.
NOTE; Provided CT :Escrow Services conducts the closing of this transaction, Exception 5 will be deleted.
Narc: Upon payment of all tues and assessments n(lw due and payable, as shown in Sc,hedule B - Section I, Exception 6 will be
am~tll;ltd to read as follow:5~ "Taxes a.nd 2I.ssessments for the year 2004 and subsequent y~tUS, a. lien, not yet due or
payable. "
lssutd by; Chancery Title Comp:tny, LLC
65P-06-200T 09:22AM
FROM-
T-035 P CIO/012 F-234
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Commilment Num..r COOO020001 Cl
nrscwsuRE ATTACHMENT
Pursu;mt to C.R.S. 3o.1{).406(3)(a) all documents 'e<eived for recording or tiling In the Clerk and Recorder', office shall conto';' a toP.
margin of a.t lea5t (lor; inch and a: tef1~ right and bottom margin of at least one-ha.lf of an inch. The Clerk and Rccord~r will refuse to
r~cord or file any dO(:ument that does not conform to the requirements of this section.
PUI'1U1Ult to C.k.S. 39-2;2-604.5t if this-transaction includes a sale of the property and the: sales price exct:eds $100,000.00, the sellermllst
comply with the disclosure/withholding requirements of said section. (NOl1.fesident withholding)
PUlliuant to C_R.S. 10-11.122, the company wHl not iSSUl: its policy OJ' policies of tide insurance contemplated by this commitment until it
has been provided a Certificate of Taxes due or Dther equivabmt documentation from tht;l County Treasurer or the: County Treasurer's
a.uthorized agent; or' until the Proposed [nsurcd has notified Of instructed. the company in writing to the contrary.
Purouant to C.B._S_ lO-11.l:'!2 notice is hereby givClI that; The: subjt;::ct property may be located in a special taxjng district. A Certificate of
Taxes due listing each taxing ju:ri5di~tion shall 'be obtained from the County Treasurer Or the County Treasurers authorized agent.
Information regarding special districts and the boundaries of such districts may be obtained from the Board of County CommissioIlcr~t
tbe County Clerk. lIJ1d Recorder, or the COunty Assessor.
Pursuant ro C.R.S, 38-35.125(2) no person or entity that pmvidc5 closing and settlement services for a rtal ~$t~te transaction shall
disburse funds as 8 part Of5uch servicesunti1 those funds have been receivcd and t\1f; availubl~ f1)1' immediate withdrawal as It matter of
right.
pursuant to C.R.s' 10-11-122, notice ill bcm~by given that~ (a) "Oap Protection" - When this C(lmp~ny conducts th~ clos.ing and is
responsible for ree:ording or filing the legal documents resulting from the trlinsa.ction, the Company shall be responSible for all matters
(' which appear on the rcoord prior to such time of recording or filing; and (b) uMcchanic ':;: Lien Protection" - If YOIl are the buyer of a
ingle family residen(;e. you may request mechanicts lien coverage to be issued on your policy of insunmce. rr the property being
pyrehased has not been the subject of con8truction, improvements or Tl::pairs in the last six months priM to the date of this commitment,
the requircmr;nts will be piliyment of the appropriate: pn:mium and tile compJetion of an Affidavit and Indemnity by the seller. lfthe
_property being purchased was construs;Jted, improved or repaired within six months prior to the date of this commitment, [he
requirements may involve disclQsure of certain fmancial information. payment of premiums, and indemnity, among others, The general
re()uiremcnts stated abuve ate subject to revision and approval by the Company.
Pursuant to C.R.S. 10-11-123, the Company hereby notifies tne proposed buyer in the CUrrenl transacrl~m that there is recorded
evidence that the; mineJal elUate, or a pl)rtion thereof, has been severed. leastd, Or Otherwise conveyed from the surface estate. There is
a substantia) likelihood that a third party holds $(!me or all interest in the oil, g:as, other minerall;ll Of geothermal energy in the subject
property. Such mineral estate may include the right to enter and use the prop~rty without the surface owner's permission.
CT ESCROW SERVICES WIRING INSTRUCTIONS ARE AS FOLLOWS,
Wire Funds To:
Comerica Bank
Costa Mes., CA
ABA"' 121137522
for final credit of: CT Escrow Services, LLC, 1'rus, Account
AClOount No.: 1892068300
Please reference:
Order Number COOOO20001
Principal's Name
PropC\~ty Address
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lssl.l~ b~= Chancery Titlt COtfJpi!n~, LLC
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SEP-OS-200T 09:22AM
HSS P011/012 HS4
FROM-
CHAIICER\' TITLE COMP""Y, LLC
C T ESCROW SERVICES, LLC
Printy Polley Nodce
PURl'OSE OF TillS NOTICE
Tide V of tho Oramm-Leach-Bliley Act (GLBA) &Clle:rally prohibits aDY financial institution. directly Or tbr()~gh its affiliales, from
sharin& nonp~bliQ peroonaJ inJorrn.al:ion about)'ou witll Q. nQnaffiliated third pal1)' \lnIO'ES the institution provides YOll with a notice (If Us
prW.JC)' poligic;. and practiacs, !Ouch as the type of infonnation lhat it oolloots about you an.d the Ol!.ttgories of persons: ('IT erauties to whom
it Milly bw distlo&ed, In oomplian(:ewith the GLBA, we are prcvi~ing you with this. dO~lImcnt, wllich notifies Y(lU of the privll-CY poljci~
lII><l J>"OIi<<. ofCIlAIICUY TITLE COMPANY, LLC and C T ESCROW SERVICES, u.c.
We may QOUoo:;t nODpublie personal jnf()rmaWn aboul yeu from thil following sourctl/;:
IntontlaCion we receivo:ftcm you, i;UM as on applications or otller f(lnn.
Infonmdil;l6 about you. tlan$aC1iQ\"l5 we llCCUn: tram our filts. l)r from our affiliates Or olhers.
Intwmation we receive ftcm a. e:onlumer reporting i\tency.
lnfUJlllilt10n tlull we r<<elve from others involved in your tmnsaction. such as. tile real estate agent or lender.
Ualess it is s.pClc:if'~U)' stated Qtherwiso in an aroondc:d Privacy Policy NoticC', no additional nonpublj(: ptrsonlll informatiOll '.\ill be
collll1Ctt::d~t~u.
Wu ma)' dise:lose any of the above infonnation that we collect about our custom~rs or fOrmer (;us!omen to our affiliat~s. e:r to
nomMliald third partit'.!i ilS pt'rmitttd by taw.
WI; also may dlscl,oJ;e !.his informiitioo abCtut our customi:ll'S Or former customers 10 the, following types of nOllsffilili.1ed companies that
perfUm'l rnarkril:illg services on our betl.alf or wiih whom we l'1ave joint marketing agrcemenlS:
Finaneialliervlcc providers; ~uch Gli companies engaged in banking. COI1::illmer fir1ance, seclJrili~s and insurance.
~onrfinandaJ cnmpanir.s men as envelo~ sluffer5 and other fulfillment servic,e providers.
WE. 00 NOT DISCLOSE ANV NONPUBLlC PERSONAL INFORMATION ABOUT YOU WITH ANYONE FOR ANV PURPOSE
THAT IS NOT SPE.CtflCALLY PERMiTTED BY LAW.
Wt: rt:Sll';ct IICCei:.s to nClnpublic pl':Nlonal infonfl>11iUf) about you to 1nose- emp!O:l~es who 1J~~d to know that information in order 10
provide products (If st:JviC/,':s to you. We maintain ph)'lleal. electronic, and proctdl.inll $i1fcgllards Ihilt comply with federal re~ulation$lo
~uard your nonpublic personsl infolT11ahOn.
SEP-OE-ICOT 09:12AM
PROU-
Conditions and
~ulations
1. . The term "mortgage." when u$&d herein, shan include dead
01 trust, trust dG8<i or other s.ourity instrument.
2. U the proposed Insured has or acqui,e. .cluel "nowledge of
$flY defect, lien, enclJmbratlee, adverse claim or other matter affeotv
ing U1lI ealete or interest or mortgage th.reon cov.rea by t~j.
Commitment ol~orthan those shown In Schedule B hereof, snd shall
fail to di$clO!;e such i<nowledge to tM Company in writing, the
Company .h.11 be reliev8<i "om liability for any loss or damage
resulllng from any act ef rellanoe hereon to the e.lent the Company
is pmjudloed by failure to so dlsolOSll such knowloago. Ifthe propos8<i
Insured ohell disclose such knowledge 10 the Company, or if Ihe
company othetwls. acqulr" aotual knowledge 01 eny such d.f.ct,
119n. uneumbnmce, adverse claim or other malter, the Company at
ilS .pllon may emend Schedule B 01 this Commitment accordingly,
but such amendmonl shall not relieve the Company from liability
pr.viously ineurr8<i pursuant to Paragraph 3 of lhese conditions snd
Stipulations.
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T-035 POll/Oil H34
3. Liability of the Company under this Commiln'1~nt shall be only
to the namGd proposed Insured and such parties included under the
definition of IM6Ured in the 1arm of pOtloy ,or policies comr'r1itted for
and only for aotualloss incurred In rellanoe l'1ereof'i in undertaking
in good f~ith (a) to oomplv with t~e requirements hereof, or (b) to
eliminate eltCeptions shown in Schedule 8, or (c:) to aequire 01 create
the astate Qr Interest or mortgage thereon covered by this
Commitment, In nO event s~all suc~ liability ..caad th. amounl slat.d
in Soheduie A lor the polley or policle. committ.a lor end .uch liability
Is subject to the insuring prDVisioM, the Exclusions from Coverage
and the Conditions and Stipulations of the form of policy or policies
committed for in favor of the proposed Insured which are hereby
incorpotAtt!d by referenCf!l and are made a part of this Commitment
except as expressly modified herein,
4. Any action or actions or rights of action that the proposed
Insured may have or may bring agaim.t the Compar'lY arising out 01
the status of th~ title 10 the estate or interest or the statu.s of the
mortgage thereon covered by this Commitmant must be based on
and are .subject to the provisions of this Commitment.
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09/05/2007 14:15
3032352857
PLANNING
PAGE 02/02
The City of
7500 W. 29th Avenue
Wheat Ridge, Colorado 80033
Wheat Ridge
Planning Department 303.235.2846
NOTICE TO MINERAL ESTATE OWNERS
APPLICANTS: You must submit this completed form to the Community Development Department no latcr
than ten (10) days before the public hearing on your application. Failure to complete and submit this
Certification of Notice shall constitute sufficient grounds to reschedule your public hearing.
~~.r,
I~Vl0lW
in name)
,as
of/with
(hereinafter. the "Applicant"), do hereby certify that notice of the application for
, set for public hearing on
(describe type ofapplic3lion)
, 200_, has been sent to all mineral estate owners at least thirty (30) days
before the public hearing, as required by ~ 24-65.5- 103(1), eR.s., or, in the alternative, that the records
of the Jefferson County Clerk and Recorder do not identify any mineral estate owners of any portion
of the property subject to the above referenced application.
1><-1 Check here if there are no mineral estate owners of any portion of the subject propelty.
I hereby further certify that I am authorized by the Applicant to make representations contained herein and act
as the Applicani's agent for purposes of this Certificate of Notice and bind the Applicant to these
representations by my signat re below.
Dated this L day of
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03/02/2007 11:18
3037833773
MICHAEL: PHARO
PAGE 02
Michael G. Pharo Associates, loe.
March 2, 2007
Ms. Meredith Reckert
Senior Planner - Department of Community Development
7500 West 29th Avenue
Wheat Ridge, Colorado 80033
Re: Medved Autop!ex
Dear Ms. Reckert:
The purpose of this letter is to provide information related to proposed improvements at
the existing Medved Autoplex. These improvements are described as follows:
I. Construction of a permanent 2300 square-foot permanent addition to an existing
dealership structure. The addition will be built in the location presently occupied by
the temporary structure. The addition will match the existing architecture in exterior
appearance, provide a public entry feature for the building, and meet all City
requirements for new construction. The addition will be utilized for the sale of pre-
owned vehicles.
2. The temporary structure will be relocated to the east and continue to function as a
sales office until the new addition is occupied. The permit for utilization of the
temporary structure expires Jater this year; we request the permit be extended for one
year or until the new structure can be occupied. As was done for the existing pennit,
Xce! Energy will be contacted for approval to place the temporary structure in their
easement.
I have enclosed a sketch plan that shows this proposal. Please call with questions.
I understand we are scheduled for the pre-approval meeting on March 15 _ I have also
enclosed a submittal check in the amount of$200.
,
MGPlkp
Enc
c: Diana Blanch
Scott Albertson
2835 Wc-.t Oxford Ave., #6, Englewood, Colorado 80110 . phone: 303/783-3772 . f",,: ,~03/783-3773 . e-mail: mpl:U1dplan@aol.com
03/02/2007 11:18 3037833773
'-
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MICHAEL: PHARO
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PAGE 03
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PO BOX 1149 KEYLINE INVESTMENT COMPANY 9555 RALSTONRD 100
AUSTIN TX 78767 03411 S IRVING ST ARV ADA CO 80002
ENGLEWOOD CO 80010
HOSS DAVID C ROBITAILLE RONALD R
HOSS BONITA C WEHLING FRANK. W ROBITAILLE BETTY L
5130 P ARFET ST 5006 PARFET ST 5110 PARFET ST
WHEAT RIDGE CO 80033 WHEAT RIDGE CO 80033 2146 WHEAT RIDGE CO 80033 2148
LO SASSO CLYDE G TJMK LLC KARR JAMES A
LO SASSO SffiRLEY J KARR SHERYL M
5120 PARFET ST 1777 S HARRISON ST STE P309 60 S GARLAND ST
WHEAT RIDGE CO 80033 2148 DENVER CO 80210 LAKEWOOD CO 80226
BEAR LAND HOLDINGS LLC HAWN IVAN STIESMEYER CHARLES
11001 W 1-70 FRONTAGE RD N HAWN VIRGINIA M 4996 PARFET ST
WHEAT RIDGE CO 80033 4900 ROBB ST WHEAT RIDGE CO 80033 2144
WHEAT RIDGE CO 80033 2108
ROBB STREET VENTURES INC GOTTULA LARRY L FIVE K INVESTMENTS CO
% DANIEL A NOVEN IMPERIAL III PARTNERSHIP 11445 W 1-70 FRONTAGE RD N
1777 S HARRISON ST #P309 106 SW LINDEN l-D WHEAT RIDGE CO 80033
DENVER CO 80210 ANKENY IA 50021
NATIONAL ADVERTISING CO SWINGLE W H V AUDIS M POWELL TRUST
4647 LEYDEN ST % JEFFERSON COUNTY TREASURER POBOX4l5
DENVER CO 80216 100 JEFFERSON CNTY PKWY 2520 VICTORVILLE CA 923930415
GOLDEN CO 80419 2520
ALEXANDER ALMA M BELLEGANTE JOHN A WHITEMAN CHRISTOPHER L
10800 W 48TH AVE S BELLEGANTESHARON WHITEMAN BONNIE J
WHEATRIDGE CO 80033 4760 PARFET ST 4745 PARFET ST
WHEAT RIDGE CO 80033 2658 WHEAT RIDGE CO 80033 2657
PEREZ RAUL E LARSON LISA J
PEREZ SYLVIA BUSHELL MICHAEL A HILL JENNIE LEE
4750 PARFET ST BUSHELL VICTORIA J PO BOX 411
WHEAT RIDGE CO 80033 2658 5360 COLE CIR GOLDEN CO 80402 0411
ARV ADA CO 80002 1638
NINH HOC OTAJOHNS PACE ffiLTON R
4720 ROBB ST OTADAWN PACE CLARA JEAN
WHEAT RIDGE CO 80033 2539 10840 W 47TH AVE 10855 W 47TH AVE
WHEAT RIDGE CO 80033 2632 WHEAT RIDGE CO 80033 2631
GILLEY LAWRENCE R
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10885 W 47TH AVE 4700 PARFET ST GILLEY L R
WHEAT RIDGE CO 80033 2631 WHEAT RIDGE CO 80033 2658 4690 P ARFET ST
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10880 W 47TH AVE
WHEAT RIDGE CO 80033
PIDLLIPS ELLEN I TRUSTEE
10890 W 47TH A VB
WHEAT RIDGE CO 80033 2632
NUTI MARY ELLEN
4695 PARFET ST
WHEAT RIDGE CO 80033 2655
HEINE KARIN
4596 PARFET ST
WHEAT RIDGE CO 80033
WARTHEN RONALD A
WARTHEN DOROTHY
4715 PARFET ST
WHEAT RIDGE CO 80033 2657
DOUGHERTY FAMILY TRUST
4686 P ARFET ST
WHEAT RIDGE CO 80033 2656
CURRENT RESIDENT/TENANT
5000 OAK ST
WHEAT RIDGE CO 80033
CURRENT RESIDENT/TENANT
5158 PARFET ST
WHEAT RIDGE CO 80033
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5050 PARFET ST
WHEAT RIDGE CO 80033 2146
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WHEAT RIDGE CO 80033
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11001 1-70 FRONTAGE RD N
WHEAT RIDGE CO 80033
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4976 ROBB ST
WHEAT RIDGE CO 80033
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WHEAT RIDGE CO 80033
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WHEAT RIDGE CO 80033
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WHEAT RIDGE CO 80033
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WHEAT RIDGE CO 80033
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OFFICIAL
ZONING MAP
WHEAT RIDGE
COLORADO
PARCEULOT BOUNDARY
(DESIGINATES OWNERSHIP)
WATER FEATURE
SW 16
* DENOTES MULTIPLE ADDRESSES
@
o 100 200 XX) 400 feet
~ 100-YEAR FLOOD PLAIN
~ (APPROXIMATE LOCATION)
DEPARTMENT OF
PLANNING AND DEVELOPMENT
MAP ADOPTED: June 15, 19Q4
Last Revision: September 10, 2001
~
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09/05/2007 12:15
3032352857
PLA!'~NING
PAGE 01/03
LAND USE CASE PROCESSING APPLICATION
Community Development Department
7500 West 29th Avenue, Wheat Ridge, CO 80033
phone (303) 235-2846
(Ploase prl~l or type all i.fonnat;on)
Applicant
City
Address
State
'"
Phon
_ State Zip Fax "
c ontncred to answer questions regardi,ng this applic.ation. provide additiona.l information when necessarr. post
a c; py oftb~ !ffaffrep01"t prior toO Public Hearing, t\nd shall be responsible:: fur forwa,tdillg ~.11 verbal and wrlt1en
er.)
Location of request (address):~
Type of action requested (check on" or more of the actio isled below which pertain to your request):
ApplicatioH ~u"mitf41 rt.quire~!Jts Off 'e\'erst! side.
o Change ofrone or zone conditions R Special U8ePermit
o Consolidation Plat 0 Subdivision: Minor (S lots or less)
o Flood Plain Speclal Exception 0 Subdivision: Major (More than Slots)
o Lot Line Adjustment 0 Right of Way Vacation
o Planned Building Group 0 Temporary Use, Building, Sign
o Site Development Plan approval 0 Variance/Waiver (from Section
o Other:
":",..,_..,,..,~4d;wj~ ,
=I~!
Size ofLat (acres or sq are footage); ll-n-p,1
Proposed Zoning:
Proposed Use:
)
Required information:
Assessors Parcel Number:
Current Zoning:
Current Use:
I certify mat the information and exhibits herewith submitted are true and correct to the best of my knowJedge
and that ill. filing this application, I am acting wim the k.nowledge and consent ofttose persons listed above,
without whose consent me requested action cannot lawfully be accomplished. Applicants other than owners
must submit power-of-att ey 111 owne . eh . vod oflhis action on his behalf.
To be filled out by staff:
Date received q Ii? /0 7
Comp Plan D.'ig.
Related C..e No.
F,e$
Ci...No. cYU.,o-07-6P
QUarler Se<lio" Map ;~ :;'10
Case Manager;::7 ,f'. '" <;/--
~9/@5/2007 12:16
3032352857
PLAi'f'IING
Submittal Requirements:
)( Original signed & notarized Application Form
o Fee $ tCfD. ~moWlt ~lJ.bmllled per Fee Schedule)
)4etter of request indi~ting full intent and purpose of request - -b -B~
""1-Proof of ownership (Copy of Recorded Deed) .
~Limited Power of Attorney (if applicant Is not own..r) - -\0 -ellLo
,
Jl-Certitied Survey of the propertY - c::::V\. ~e * a'1
~Mineral Rights Certification (Change olZone, Special Use, Subdivision and Plan Development)
)It Site Plan: (Jfpage size i~ 24" x 36", must provide J 1" x J 7" reduction)
(Sped.1 Use, Vari""ee, Planned Building Group, Plann.d Development)
)l!t.Neighborhood meeting (excep'lor Flood Plain exceprlon, TUP~ and Variances) - ~\rj. \~l
o Names and address of attendees ~
o Date, time, location of meeting
Jl<Legsl description (except TUPs and Vwlances) \\A -\-\-f\e G:>>UWl\.~-t
'9J: Building Elevations (op/ional). .
~ Copy of Pre-application meeting notes (if applicable) --d\~ P'!t U~
Additional Submittal Requirements: ~W\(\ \Je ~kx.!(k\ c.r ~
o 16 pre-folded plans 24" x 36" and 1 reduction at II" x 17" (Subdivision and I'D only)
o Traffic Tm!>"c! Report (ma)>' be required for Chanll" of Zone, Special Use, Subdivi.ion, and PO)
o Drainage, Graciing and Erosion Control Plan (Subdivision and PD only)
!J Mylars plus l,'CCOrding fees (See Fee Sohedule)
(Will be required aflm: approval for SubdivlsiMS, Rezoninl;s, and Annexations)
PAGE 02/03
Please note: Incomnletc aDDlication submittals will not be accented. ,
There may be other items required that are not listed depending on type and complexity of application.
Revised 9127!04
NUMBER
CITY OF WHEAT RIDGE 155090
DONA - AS PER D. BLANCH FEE FOR MOVING USED CAR TRAILER
DATE
03/15/07
NORTH
DATE ACCT#
03/15/07 69B
03/15/07 221
AMOUNT CTRL#
100.00
100.00
CITY OF WHEAT RIDGE
03/16/07 2:01 PM cdb
Medved
RECEIPT NO:C023219 AMOUNT
FMSD ZONING APPLICATION F 200.00
zone
PAYMENT RECEIVED AMOUNT
CK 275228 200.0@
TOTAL 200.00
----------------------------------------
REMITTANCE ADVICE MEDVED CHEVROLET, INC. CHECK NO. NET
DETACH AND RETAIN WHEAT RIDGE, COLORADO 80033 275228 AMOUNT $200.00
"
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.
Case No.:
App: Last Name:
App: First Name:
Owner: Last Name:
Owner: First Name:
App Address:
City, State Zip:
App: Phone:
Owner Address:
City/State/Zip:
Owner Phone:
Project Address:
Street Name:
City/State, Zip:
Case Disposition:
Project Planner:
File Location:
Notes:
Follow-Up:
ISUP0708
jp[1c;tE9
IMike
113_~~r.~,!f)51."~2,!.~,i,~.g,~,,,_~~.~___
I
]2835 W. Oxford Ave., #6
ISheridan, CO 80110
1303-783-3772
111001 W. (-70 F.R.N.
!wheat Ridge, CO 80033
1303-421-0100
111001
jwest (,70F;R;N. ,
jwheat Ridge, CO 80113,3 ..
IReckert
IActiy~
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Quarter Section Map No.: l~vv_1(j
Related Cases: L.
Case History:
SUP for expansion of auto
dealership. . .
Review Body:
APN:
)Adm.
139-163-02-001
2nd Review Body:
2nd Review Date:
I
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Decision-making Body:
Approval/Denial Date:
Reso/Ordinance No.:
Conditions of Approval:
District: Ilv
Date Received: l~f1}/Q"!
Pre-App Date:
CITY OF WHEAT RIDGE
09/21/07 9,41 AM cdb
Michael G. Pharo As.
RECEIPT NO:C024400
FMSD ZONING APPLICATION F
zone
PAYMENT RECEIVED
CK 3296
TOTAL
AMOUNT
600.0@
AMOUNT
600.00
600.00
,
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677 S Colorado Blvd
Suite 200
Denver CO 80246
303 220 8900
303 220 0708 Fax
www.SEMarchitects.com
Copyright
These plans are an Instrument of service and
are the property of the Architect, and may not
be du pllcated, disclosed, or reproduced
without the written consent of the Architect.
Copyrights and Infringements will be enforced
and prosecuted.
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RECONFIGURE lXISTING
FENCE f
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LANDSCAPE ISIj\ND
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Date · 08/27/07
Proj No · 0703700
Drawn · Me
Checked · MTC
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Date Issue
08/27/07 . NEIGHBORHOOD MEETING
09/07/07 . SPECIAL USE PERMIT
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TRAILER AND SlEPS' RAMP
RECONFIGURE
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