HomeMy WebLinkAboutStudy Session Agenda Packet 07-02-2018
STUDY SESSION AGENDA
CITY COUNCIL CITY OF WHEAT RIDGE, COLORADO
7500 W. 29th Ave.
Wheat Ridge CO July 2, 2018
6:30 p.m.
Individuals with disabilities are encouraged to participate in all public meetings sponsored by the City of Wheat Ridge. Call Sara Spaulding, Public Information
Officer 303-235-2877 at least one week in advance of a meeting if you are
interested in participating and need inclusion assistance.
Citizen Comment on Agenda Items
1. Sale of Park Property – 38th and Johnson
2. Yarrows Gardens Metropolitan District
3. Selection of NRS Update Steering Committee
4. Staff Report(s)
5. Elected Officials’ Report(s)
ADJOURNMENT
Memorandum
TO: Mayor and City Council THROUGH: Patrick Goff, City Manager CC: Gerald Dahl, City Attorney FROM: Joyce Manwaring, Parks and Recreation Director DATE: July 2, 2018
SUBJECT: Sale of Park Property
Issue
The City has the opportunity to sell a vacant parcel of park property located on the southwest corner of 38th Avenue and Johnson Street for a proposed commercial project. This parcel was intentionally left undeveloped as part of the original Discovery Park master plan due to its corner location and proximity to the Appleridge Café (Aerial diagram attached – parcel labeled CP2).
The intent in reserving this parcel was to allow for future development, sale and or lot
consolidation with the restaurant. The City Charter requires a unanimous vote of council to dispose of park property. The Wheat Ridge Charter addresses the disposal of park land in Section 16.5.
“The city shall not sell or dispose of municipally owned buildings or real property for a public purpose, without first obtaining the approval, by ordinance, of three-fourths of the entire council. Unanimous approval of the entire council, by ordinance, shall be necessary for sale or disposition of designated park land.”
Prior Action On May 10, 2010, City Council approved the sale of a portion of park property located to the south of the Appleridge Café to address parking needs for the cafe. At that time, the following information was provided to Council as part of the adoption of the Discovery Park Master Plan.
“The park master plan was designed to achieve a win-win situation with the existing restaurant business located on the corner. The plan identifies the northeast corner of the parkland as an area for future development. The restaurant property owner at this time does not wish to purchase the entire .85 acres. A lot will be platted for future sale when,
and if, the restaurant property re-develops. This park parcel will remain vacant in the
future to allow for future development, the sale and or lot consolidation with the restaurant property.”
Sale of Park Property
July 2, 2018
Page 2
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City Council approved a resolution to obtain an appraisal on the applicable portion of park
property adjacent to the Appleridge Café on August 28, 2008. City Council approved the
transfer of the reverter clause from this park parcel to the Baugh House property on September 28, 2009, as one of the required steps to allow for the future disposal of the park property. Background The Master Plan for Discovery Park was developed with the consideration that the corner parcel,
when combined with the Appleridge Cafe site, provided an opportunity for future commercial development. Construction of the park was completed in 2010. The park meets the needs of the community
through the amenities and facilities located in the park. These include a skate park, a variety of
play structures, a splash pad, picnic shelters, walking trails and athletic practice fields. There is adequate parking to support these activities. This portion of the site is not required to meet future park development.
Financial Impact
An appraisal was completed on the property in March 2017 and the City has requested it be updated, but does not anticipate a change in the value of the property. In March of 2017, the City and developer agreed on the 2017 appraised price for purchase and moving forward with the development of the property.
The parcel is 0.5 acres in size and the appraised price is $600,000. The land that is now Discovery Park, including this parcel was purchased with the City’s attributable share of Open Space Funds and Jefferson County Bond Funds. Jefferson County Open Space no longer has a financial interest in the property due to the removal of the reverter clause encumbrance on this
portion of the park property. The original purchase price for the entire 8-acre site that is now
Discovery Park was $1,245,500. All proceeds from the sale of the property are required to be placed in the Open Space Fund 32 for park and recreation purposes. The funds are earmarked for construction of Phase II of
Prospect Park.
Staff Recommendation Staff recommends the sale of the park property at the agreed upon price of $600,000.
Council Action
Staff is requesting a consensus from City Council to move forward with the sale of park property and for City Attorney Gerald Dahl to draft an ordinance for this purpose. Attachment: 1. Parcel ID 2010
ATTACHMENT 1
Memorandum
TO: Mayor and City Council FROM: Patrick Goff, City Manager Jerry Dahl, City Attorney DATE: June 25, 2018 (for July 2, 2018 Study Session) SUBJECT: Yarrow Gardens Metropolitan District Service Plan
ISSUE: On June 11, 2018, City Council approved a rezoning, an outline development plan, a specific development plan, and subdivision plats for the 89-unit Yarrow Gardens townhome project. The
City received a draft Service Plan for the Yarrow Gardens Metropolitan District on June 22, 2018 for
approximately 6 acres of property located at 42nd Avenue and Yarrow Street. The purpose of the Metropolitan District will be to provide all or a portion of public improvements for the benefit of the residents and taxpayers located with the boundaries of the District.
The proposed Service Plan describes and sets forth those powers and authorities the District shall
have as allowed by Colorado law. The exercise of such powers, however, will at all times be governed by and subject to the terms of a City IGA. State law allows local governments to exert significant control over the organization and operation of special districts. The service plan approval process is the key to exercising that control.
BACKGROUND: Metropolitan districts in Colorado are a common tool for financing the public infrastructure portion of development projects. All special districts in Colorado organized under Title 32 of the Colorado Revised Statutes (C.R.S.) are required to file a service plan with the city council of the
municipality in which the district is proposed. White Bear Ankele Tanaka & Waldron, P.C.,
representing the owners of this property, filed the Yarrow Gardens Metropolitan District Service Plan with the City on June 22, 2018. The purpose of the District is to provide public infrastructure improvements within and without the Property. The District will acquire and/or design, finance, construct and install public improvements for the use and benefit of the residents
and taxpayers located with the boundaries of the District.
There are minimum requirements for the types of information that a service plan must contain as detailed in Section 32-1-202(2) of the C.R.S. These are:
1. A description of the proposed services;
2. A financial plan showing how the proposed services are to be financed; 3. A preliminary engineering or architectural survey showing how the proposed services are to be provided; 4. A map of the proposed special district boundaries and an estimate of the population and
valuation for assessment of the proposed special district;
5. A general description of the facilities to be constructed and the standards of such
construction; 6. A general description of the estimated cost of acquiring land, engineering services, legal services, administrative service, initial proposed indebtedness and estimated proposed maximum interest rates and discounts, and other major expenses related to the
organization and initial operation of the district; and
7. A description of any arrangement or proposed agreement with any political subdivision for the performance of any services between the proposed special district and such other political subdivision.
FINANCIAL IMPACT:
The City did not require a submittal fee for this service plan. Costs associated with this service plan include staff and attorney time to review the submitted documents.
ATTACHMENT(S): 1. Yarrow Gardens Metropolitan District Service Plan 2. Yarrow Gardens Metropolitan District Service Plan Submittal, dated, June 27, 2018
CONSOLIDATED SERVICE PLAN FOR YARROW GARDENS METROPOLITAN DISTRICT
Prepared By:
White Bear Ankele Tanaka & Waldron, Professional Corporation 2154 E. Commons Avenue, Suite 2000 Centennial, Colorado 80122
Approved ______, 2018
ATTACHMENT 1
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TABLE OF CONTENTS
I. INTRODUCTION .............................................................................................................. 1 A. Purpose and Intent................................................................................................... 1 B. Need for the District................................................................................................ 1 C. Objective of the City Regarding Service Plan. ....................................................... 1
II. DEFINITIONS .................................................................................................................... 2
III. BOUNDARIES PROPOSED LAND USE/POPULATION PROJECTIONS/ ASSESSED VALUATION ..................................................................................................................... 3
IV. DESCRIPTION OF PROPOSED POWERS, IMPROVEMENTS AND SERVICES ....... 4 A. Powers of the District and Service Plan Amendment. ............................................ 4 1. Operations and Maintenance Limitation ..................................................... 4
2. Fire Protection Limitation ........................................................................... 4 3. Construction Standards Limitation ............................................................. 4 4. Inclusion Limitation .................................................................................... 4 5. Overlap Limitation. ..................................................................................... 5 6. Total Debt Issuance Limitation ................................................................... 5
7. Fee Limitation ............................................................................................. 5 8. Consolidation Limitation ............................................................................ 5 9. Bankruptcy Limitation ................................................................................ 5 10. Service Plan Amendment Requirement ...................................................... 5 B. Preliminary Engineering Survey. ............................................................................ 6
C. Other Powers. .......................................................................................................... 6 D. Facilities to be Constructed and/or Acquired.......................................................... 6
V. FINANCIAL PLAN............................................................................................................ 7 A. General. ................................................................................................................... 7 B. Maximum Voted Interest Rate and Maximum Underwriting Discount. ................ 7
C. Maximum Debt Mill Levy. ..................................................................................... 7 D. Maximum Debt Mill Levy Imposition Term. ......................................................... 8 E. Debt Repayment Sources. ....................................................................................... 8 F. Security for Debt. .................................................................................................... 9 G. TABOR Compliance. .............................................................................................. 9
H. District’s Operating Costs. ...................................................................................... 9
VI. ANNUAL REPORT ........................................................................................................... 9 A. General. ................................................................................................................... 9 B. Reporting of Significant Events. ............................................................................. 9
VII. DISSOLUTION ................................................................................................................ 10
VIII. DISCLOSURE TO PURCHASERS ................................................................................. 11
IX. INTERGOVERNMENTAL AGREEMENT .................................................................... 11
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X. CONCLUSION ................................................................................................................. 11
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LIST OF EXHIBITS
EXHIBIT A Legal Description of District EXHIBIT B District Boundary Map EXHIBIT C City of Wheat Ridge Vicinity Map
EXHIBIT D Proof of Ownership
EXHIBIT E Intergovernmental Agreement between the District and the City of Wheat Ridge
EXHIBIT F Pro Forma Capital Plan
EXHIBIT G Pro Forma Financial Plan
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I. INTRODUCTION A. Purpose and Intent.
The purpose of the District will be to provide all or a portion of Public Improvements as further defined and described in this Service Plan (within and without the
District’s boundaries as will be determined by a District’s Board to be in the best interest of the District and in accordance with the Service Plan), for the benefit of the residents and taxpayers located within the Project. The primary purpose of the District will be to finance the construction of these Public Improvements and have authorization as is necessary to own, operate and maintain Public Improvements not otherwise transferred to the another public entity. The District shall also
be authorized, but not required, to provide covenant enforcement and design review services in accordance with state statute. Upon completion to City standards, the District will convey to the City such Public Improvements as are constructed by the District in accordance with the Approved Development Plan. The District is an independent unit of local government, separate and distinct from the City, and, except as may otherwise be provided for by State or local law or this Service
Plan, their activities are subject to review by the City only insofar as they may deviate in a material matter from the requirements of the Service Plan.
B. Need for the District.
The Project is not presently served with the facilities and/or services proposed to
be provided by the District, nor does the City nor any other special district have any plans to provide such services within a reasonable time and on a comparable basis. There are currently no other governmental entities, including the City, located in the immediate vicinity of the District that considers it desirable, feasible or practical to undertake the planning, design, acquisition, construction, installation, relocation, redevelopment and financing of the Public Improvements
needed for the Project. The District is therefore necessary in order for the Public Improvements required for the Project to be provided in the most economic manner possible. Approval of this Service Plan shall not indicate, implicitly or expressly, that any land use applications now on file with the City or any land use applications filed in the future will be approved by the City.
C. Objective of the City Regarding Service Plan.
The City’s objective in approving the Service Plan for the District is to authorize the District to provide for the planning, design, acquisition, demolition, construction, installation, relocation and redevelopment of the Public Improvements from the proceeds of Debt to be issued by the District and to further authorize the District for the continued ownership, operation and
maintenance of certain of the Public Improvements. All Debt is expected to be repaid by taxes
imposed and collected for no longer than the Maximum Debt Mill Levy Imposition Term and at a tax mill no higher than the Maximum Debt Mill Levy, and/or repaid by Fees as limited by Section IV.A.7. Debt which is issued within these parameters will insulate property owners from excessive tax and Fee burdens to support the servicing of the Debt and will result in a timely and reasonable
discharge of the Debt.
This Service Plan is intended to establish financial constraints and requirements associated with the District that are not to be violated under any circumstances. The primary
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purpose is to provide for the Public Improvements and services associated with development and
regional needs.
The District shall be authorized to finance the Public Improvements that can be funded from Debt to be repaid from Fees and/or tax revenues collected from a mill levy which shall not exceed the Maximum Debt Mill Levy and the Maximum Debt Mill Levy Imposition Term. It is the intent of this Service Plan to assure to the extent possible that no property bear an
economic burden that is greater than that associated with the Maximum Debt Mill Levy in amount and that no property bear an economic burden for Debt that is greater than that associated with the Maximum Debt Mill Levy Imposition Term in duration even under bankruptcy or other unusual situations. Generally, the cost of Public Improvements that cannot be funded within these parameters are not costs to be paid by the District.
II. DEFINITIONS
In this Service Plan, the following terms shall have the meanings indicated below, unless the context hereof clearly requires otherwise:
Approved Development Plan: means a development plan, subdivision improvement plan, or other process established by the City (including but not limited to approval of a final
plat, minor development plat or site plan) for identifying, among other things, Public Improvements necessary for facilitating development for property within the Service Area, as approved by the City pursuant to the City Code, and as may be amended pursuant to the City Code from time to time.
Board: means the board of directors of the District.
City: means the City of Wheat Ridge, Colorado.
City Council: means the City Council of the City of Wheat Ridge, Colorado.
Debt: means bonds, notes or other multiple fiscal year financial obligations for the payment of which the District has pledged to impose an ad valorem property tax mill levy.
District: means Yarrow Gardens Metropolitan District.
District Boundaries: means the boundaries of the District as described in the District Boundary Map.
District Boundary Map: means the map attached hereto as Exhibit B, describing the boundaries of the District.
End User: means any owner, or tenant of any owner, of any platted Taxable Property
within the District for which a certificate of occupancy has been issued who is a resident
homeowner, renter, commercial property owner, or commercial tenant. By way of illustration, a resident homeowner, renter, commercial property owner, or commercial tenant is an End User. The business entity that constructs homes or commercial structures is not an End User.
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Fees: means any fee imposed by the District for services, programs or facilities provided
by the District, as described in Section IV.A.7. below.
Financial Plan: means the Financial Plan described in Section V which sets forth the expected plan for (i) how the Public Improvements are to be financed; (ii) how the Debt is expected to be incurred; and (iii) the estimated operating revenue derived from property taxes for the first budget year. Such Financial Plan may be adjusted by the District board
of directors in the future as is necessary to accommodate phasing or other financial or development considerations so long as any such adjustment does not exceed either the Maximum Debt Mill Levy or the Maximum Debt Mill Levy Imposition Term.
Maximum Debt Mill Levy: means the maximum mill levy the District is permitted to impose for payment of Debt as further set forth in Section V.C below, including
adjustments to the Maximum Debt Mill Levy as are permitted under Section V.C.
Maximum Debt Mill Levy Imposition Term: means the maximum term for imposition of a debt service mill levy on a particular property as set forth in Section V.D below.
Project: means the development or property commonly referred to as Yarrow Gardens.
Public Improvements: means a part or all of the improvements authorized to be planned,
designed, acquired, constructed, installed, relocated, redeveloped and financed as generally described in the Special District Act, except as specifically limited in Section IV below, to serve the future taxpayers and inhabitants of the Service Area as determined by the Board of the District.
Service Area: means the property within the District Boundaries.
Service Plan: means this service plan for the District approved by City Council.
Service Plan Amendment: means an amendment to the Service Plan approved by City Council in accordance with the City Code and applicable state law.
Special District Act: means Section 32-1-101, et seq., of the Colorado Revised Statutes, as amended from time to time.
State: means the State of Colorado.
Taxable Property: means real or personal property within the Service Area subject to ad valorem taxes imposed by the District.
III. BOUNDARIES PROPOSED LAND USE/POPULATION PROJECTIONS/ ASSESSED VALUATION
The area of the District Boundaries includes approximately 6 acres. A legal description of
the District Boundaries is attached hereto as Exhibit A. A District Boundary Map is attached hereto as Exhibit B. A vicinity map is attached hereto as Exhibit C. It is anticipated that a District’s boundaries may change from time to time as it undergoes inclusions and exclusions
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pursuant to Section 32-1-401, et seq., C.R.S., and Section 32-1-501, et seq., C.R.S., subject to the
limitations set forth in Section IV below.
The assessed valuation of the Service Area as of the date of this Service Plan is approximately One Hundred and Sixteen Thousand Dollars ($116,000) for purposes of this Service Plan and, at build out, is expected to be sufficient to reasonably discharge the Debt under the Financial Plan. The population of the District at build-out is estimated to be approximately 205
people. The projected build-out for the Service Area is set forth in the pro forma Financial Plan attached hereto as Exhibit G.
Approval of this Service Plan by the City does not imply approval of the development of a specific area within the Service Area of the District, nor does it imply approval of the number of residential units identified in this Service Plan or any of the exhibits attached thereto, unless the
same is contained within an Approved Development Plan.
IV. DESCRIPTION OF PROPOSED POWERS, IMPROVEMENTS AND SERVICES
A. Powers of the District and Service Plan Amendment.
The District shall have the power and authority to provide the Public Improvements
and related ownership, operation and maintenance services within and without the boundaries of the District as such power and authority is described in the Special District Act, and other applicable statutes, common law and the Constitution, subject to the limitations set forth herein.
1. Operations and Maintenance Limitation. The purpose of the District is to plan for, design, acquire, construct, install, relocate, redevelop and finance the Public
Improvements. The District shall dedicate the Public Improvements to the City or other appropriate jurisdiction in a manner contemplated under the Approved Development Plan and other rules and regulations of the City and applicable provisions of the City Code. The District shall be authorized, but not obligated, to own, operate and maintain Public Improvements not otherwise dedicated to the City or other public entity.
2. Fire Protection Limitation. The District shall not be authorized to plan for, design, acquire, construct, install, relocate, redevelop, finance, operate or maintain fire protection facilities or services, unless such facilities and services are provided pursuant to an intergovernmental agreement with the City. The authority to plan for, design, acquire, construct, install, relocate, redevelop or finance fire hydrants and related improvements installed as part of
the water system shall not be limited by this provision. The Project will obtain its fire protection and emergency response services from the City.
3. Construction Standards Limitation. The District will ensure that Public Improvements constructed by the District are designed and constructed in accordance with the standards and specifications of the City and of other governmental entities having proper
jurisdiction, including the Colorado Department of Health, and other applicable local, state or
federal agencies.
4. Inclusion Limitation. The District shall not include within its boundaries any property outside the Service Area without the prior written consent of the City.
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5. Overlap Limitation. The District shall not consent to the organization of
any other district organized under the Special District Act within the Service Area which will overlap the boundaries of the District unless the aggregate mill levy for payment of Debt of such proposed districts will not at any time exceed the Maximum Debt Mill Levy of the District.
6. Total Debt Issuance Limitation. The District shall not issue Debt in excess of Six Million Dollars ($6,000,000). Debt that is issued for the purpose of refunding outstanding
District Debt shall not be counted against such $6,000,000 debt limitation, provided, however, that if the aggregate principal amount of the refunding Debt exceeds the outstanding aggregate principal amount of the refunded Debt, the increase in principal amount shall be counted against such debt limitation.
7. Fee Limitation. The District may impose and collect Fees as a source of
revenue for repayment of debt, capital costs, and/or for operations and maintenance. No Fee related to repayment of Debt shall be authorized to be imposed upon or collected from Taxable Property owned or occupied by an End User. Notwithstanding any of the foregoing, the restrictions in this definition shall not apply to any Fee imposed upon or collected from Taxable Property for the purpose of funding operation and maintenance costs of the District, including the establishment
of a reserve fund for future repairs or replacement costs. 8. Consolidation Limitation. The District shall not file a request with any Court to consolidate with another Title 32 district, without the prior written consent of the City.
9. Bankruptcy Limitation. All of the limitations contained in this Service Plan,
including, but not limited to, those pertaining to the Maximum Debt Mill Levy, Maximum Debt Mill Levy Imposition Term and the Fees have been established under the authority of the City to approve a Service Plan with conditions pursuant to Section 32-1-204.5, C.R.S. It is expressly intended that such limitations:
(a) Shall not be subject to set-aside for any reason or by any court of
competent jurisdiction, absent a Service Plan Amendment; and
(b) Are, together with all other requirements of Colorado law, included in the “political or governmental powers” reserved to the State under the U.S. Bankruptcy Code (11 U.S.C.) Section 903, and are also included in the “regulatory or electoral approval necessary under applicable nonbankruptcy law” as required for confirmation of a Chapter 9 Bankruptcy Plan
under Bankruptcy Code Section 943(b)(6).
Any Debt, issued with a pledge or which results in a pledge, that exceeds the Maximum Debt Mill Levy and the Maximum Debt Mill Levy Imposition Term, shall be deemed a material modification of this Service Plan pursuant to Section 32-1-207, C.R.S. and shall not be an authorized issuance of Debt unless and until such material modification has been approved by the
City as part of a Service Plan Amendment.
10. Service Plan Amendment Requirement. This Service Plan has been designed with sufficient flexibility to enable the District to provide required services and facilities under evolving circumstances without the need for numerous amendments. To the extent
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permitted by law, the District may seek formal approval from the City of modifications to this
Service Plan which are not material, but for which the District may desire a written amendment and approval by the City. Such approval may be evidenced by any instrument executed by the City Manager, City Attorney, or other designated representative of the City as to the matters set forth therein and shall be conclusive and final.
B. Preliminary Engineering Survey.
The District shall have authority to provide for the planning, design, acquisition, construction, installation, relocation, redevelopment, maintenance and financing of the Public Improvements within and without the boundaries of the District. An estimate of the costs of the Public Improvements which may be planned for, designed, acquired, constructed, installed,
relocated, redeveloped, maintained or financed was prepared based upon a preliminary engineering survey and estimates derived from the preliminary zoning on the property in the Service Area and is approximately Two Million Two Hundred Eighty Two Thousand Eight Hundred and Ninety Eight Dollars ($2,282,898). The Capital Plan attached hereto as Exhibit F includes a description of the type of capital facilities to be developed by the District, an estimate of the cost of the
proposed facilities, and a pro forma capital expenditure plan correlating expenditures with development. The actual Public Improvements to be constructed will be determined by the Approved Development Plan, notwithstanding the Capital Plan, and are necessary and for the benefit of all homeowners, residents and property owners within the District in order to provide for a coordinated system of Public Improvements for the development of the Project.
All of the Public Improvements constructed by the District will be designed in such a way as to assure that the Public Improvements standards will be compatible with those of the City and shall be in accordance with the requirements of the Approved Development Plan. All construction cost estimates are based on the assumption that construction conforms to applicable local, State or Federal requirements.
C. Other Powers.
The District shall also have the following authority: a. Service Plan Amendments. To amend the Service Plan as needed,
subject to the appropriate statutory procedures and City Code.
b. Phasing, Deferral. Without amending this Service Plan, to defer, forego, reschedule, or restructure the financing and/or construction of certain improvements and facilities, to better accommodate the pace of growth, resource availability, and potential inclusions of property within the District.
c. Additional Services. Except as specifically provided herein, to
provide such additional services and exercise such powers as are expressly or impliedly granted by Colorado law.
D. Facilities to be Constructed and/or Acquired.
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The District proposes to provide and/or acquire Public Improvements necessary and
for the benefit of the Project, and all residents, property owners and homeowners of the District as are set forth in the Approved Development Plan. A pro forma Capital Plan in Exhibit F, attached hereto, provides a general description and preliminary engineering survey, as appropriate, of the currently forecasted on-site and/or off-site improvements and estimated costs.
Notwithstanding anything herein to the contrary, the District shall have the authority to enter into any intergovernmental agreements deemed necessary to effectuate the long-term plans of the District without further approval from the City. In addition, the District shall have the authority to seek electorate authorization to effectuate all purposes set forth in this Service Plan in order to comply with all applicable constitutional and statutory requirements.
V. FINANCIAL PLAN
A. General.
The District shall be authorized to provide for the planning, design, acquisition,
construction, installation, relocation and/or redevelopment of the Public Improvements by and through the proceeds of Debt to be issued by the District. The Financial Plan for the District shall be to issue such Debt as the District can reasonably pay within the Maximum Debt Mill Levy Imposition Term from revenues derived from the Maximum Debt Mill Levy, Fees and other legally available revenues. A pro forma Financial Plan is attached hereto as Exhibit G, which provides
preliminary projections demonstrating that the District can reasonably discharge the proposed Debt, consistent with the requirements of the Special District Act. The total Debt that the District shall be permitted to issue shall not exceed Six Million Dollars ($6,000,000) and shall be permitted to be issued in amounts and on a schedule in such year or years as the District, in its discretion, determines is necessary to serve development as it occurs and can be issued within the parameters
established herein. All bonds and other Debt issued by the District may be payable from any and all legally available revenues of the District, including, but not limited to, general ad valorem taxes and Fees. The District will also rely upon various other revenue sources authorized by law. These will include the power to assess Fees, rates, tolls, penalties, or charges as provided in Section 32-1-1001(1), C.R.S., as amended from time to time.
B. Maximum Voted Interest Rate and Maximum Underwriting Discount.
The interest rate on any Debt is expected to be the market rate at the time the Debt is issued. In the event of a default, the proposed maximum interest rate on any Debt is not expected to exceed eighteen percent (18%). The proposed maximum underwriting discount will be five
percent (5%). Debt, when issued, will comply with all relevant requirements of this Service Plan,
State law and Federal law as then applicable to the issuance of public securities.
C. Maximum Debt Mill Levy.
The “Maximum Debt Mill Levy” shall be the maximum mill levy a District is
permitted to impose upon the taxable property within such District for payment of Debt, and shall
be determined as follows:
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1. For the portion of any aggregate Debt which exceeds fifty percent (50%) of
the District’s assessed valuation, the Maximum Debt Mill Levy for such portion of Debt shall be Sixty (60) mills less the number of mills necessary to pay unlimited mill levy Debt described in Section V.C.2 below; provided that if, on or after January 1, 2018, changes are made in the method of calculating assessed valuation or any constitutionally mandated tax credit, cut or abatement; the mill levy limitation applicable to such Debt may be increased or decreased to reflect such changes,
such increases or decreases to be determined by the Board in good faith (such determination to be binding and final) so that to the extent possible, the actual tax revenues generated by the mill levy, as adjusted for changes occurring after January 1, 2018, are neither diminished nor enhanced as a result of such changes. For purposes of the foregoing, a change in the ratio of actual valuation shall be deemed to be a change in the method of calculating assessed valuation.
2. For the portion of any aggregate Debt which is equal to or less than fifty percent (50%) of the District’s assessed valuation, either on the date of issuance or at any time thereafter, the mill levy to be imposed to repay such portion of Debt shall not be subject to the Maximum Debt Mill Levy and, as a result, the mill levy may be such amount as is necessary to pay the Debt service on such Debt, without limitation of rate.
3. For purposes of the foregoing, once Debt has been determined to be within Section V.C.2 above, such that the District is entitled to pledge to its payment an unlimited ad valorem mill levy, such District may provide that such Debt shall remain secured by such unlimited mill levy, notwithstanding any subsequent change in such District’s Debt to assessed ratio. All Debt issued by the District must be issued in compliance with the requirements of Section 32-1-
1101, C.R.S. and all other requirements of State law.
To the extent that the District is composed of or subsequently organized into one or more subdistricts as permitted under Section 32-1-1101, C.R.S., the term “District” as used herein shall be deemed to refer to the District and to each such subdistrict separately, so that each of the subdistricts shall be treated as a separate, independent district for purposes of the application
of the definitions and limitations herein.
D. Maximum Debt Mill Levy Imposition Term.
The District shall not impose a levy for repayment of any and all Debt (or use the proceeds of any mill levy for repayment of Debt) on any single property developed for residential
uses which exceeds forty (40) years after the year of the initial imposition of such Debt mill levy unless a majority of the Board of the District imposing the mill levy are residents of the District and have voted in favor of a refunding of a part or all of the Debt and such refunding will result in a net present value savings as set forth in Section 11-56-101, C.R.S.; et seq., as may be amended from time to time.
E. Debt Repayment Sources.
The District may impose a mill levy on taxable property within its boundaries as a primary source of revenue for repayment of debt service and for operations and maintenance. The District may also rely upon various other revenue sources authorized by law. At the District’s
discretion, these may include the power to assess Fees, rates, tolls, penalties, or charges as provided
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in Section 32-1-1001(l), C.R.S., as amended from time to time. In no event shall the debt service
mill levy in the District exceed the Maximum Debt Mill Levy or the Maximum Debt Mill Levy Imposition Term, except pursuant to an intergovernmental agreement between a District and the City.
F. Security for Debt.
The District shall not pledge any revenue or property of the City as security for the indebtedness. Approval of this Service Plan shall not be construed as a guarantee by the City of payment of any of the District’s obligations; nor shall anything in the Service Plan be construed so as to create any responsibility or liability on the part of the City in the event of default by the District in the payment of any such obligation.
G. TABOR Compliance.
The District will comply with the provisions of TABOR. In the discretion of the Board, a District may set up other qualifying entities to manage, fund, construct and operate facilities, services, and programs. To the extent allowed by law, any entity created by a District
will remain under the control of the District’s Board.
H. District’s Operating Costs.
The estimated cost of planning services, engineering services, legal services and administrative services, together with the estimated costs of the District’s organization and initial
operations, are anticipated to be One Hundred Thousand Dollars ($100,000), which will be eligible for reimbursement from Debt proceeds.
In addition to the capital costs of the Public Improvements, the District will require operating funds for administration and to plan and cause the Public Improvements to be constructed and maintained. The first year’s operating budget is estimated to be Fifty Thousand
Dollars ($50,000) which is anticipated to be derived from property taxes and other revenues. The Financial Plan attached hereto at Exhibit G contemplates a mill levy of approximately eight (8) mills for purposes of funding the operational budget, which may be supplemented by the District at its discretion through the imposition of additional property taxes or Fees, rates, tolls, or charges as permitted hereunder.
VI. ANNUAL REPORT
A. General.
The District shall be responsible for submitting an annual report to the City Clerk at the City’s administrative offices no later than September 1st of each year following the year in
which the Order and Decree creating the District has been issued. The annual report shall reflect
activity and financial events of the District through the preceding December 31st (the “Report Year”).
B. Reporting of Significant Events.
10
The annual report shall include information as to any of the following:
1. A narrative summary of the progress of the District in implementing its service plan for the Report Year.
2. Except when an exemption from audit has been granted for the report year under the Local Government Audit Law, the audited financial statements of the District for the Report Year including a statement of financial condition (i.e. balance sheet) as of December 31 of
the report year and the statement of operations (i.e. revenues and expenditures) for the Report Year.
3. Unless disclosed within a separate schedule to the financial statements, a summary of the capital expenditures incurred by the District in development of public facilities in a Report Year, as well as any capital improvements or projects proposed to be undertaken in the
five (5) years following the report year.
4. Unless disclosed within a separate schedule to the financial statements, a summary of the financial obligations of the District at the end of the report year, including the amount of outstanding indebtedness, the amount and terms of any new District indebtedness or long-term obligations issued in the Report Year, the amount of payment or retirement of existing
indebtedness of the District in the Report Year, the total assessed valuation of all taxable properties within the District as of January 1 of the Report Year, and the current mill levy of the District pledged to debt retirement in the Report Year.
5. The District’s budget for the calendar year in which the annual report is submitted.
6. A summary of residential and commercial development which has occurred within the District for the report year.
7. A summary of all fees, charges and assessments imposed by the District as of January 1 of the Report Year.
8. The name, business address and telephone number of each member of the
Board and its chief administrative officer and general counsel, together with the date, place and time of the regular meetings of the Board.
VII. DISSOLUTION
Upon an independent determination of the City Council that the purposes for which the District was created have been accomplished, the District agrees to file a petition in the appropriate
District Court for dissolution, pursuant to the applicable State statutes. In no event shall a
dissolution occur until the District has provided for the payment or discharge of all of its outstanding indebtedness and other financial obligations as required pursuant to State statutes.
11
VIII. DISCLOSURE TO PURCHASERS
The District will use reasonable efforts to assure that all developers of the property located within the District provides written notice to all purchasers of property in the District regarding the Maximum Debt Mill Levy, as well as a general description of the District’s authority to impose and collect rates, Fees, tolls and charges. The form of notice shall be filed with the City prior to the initial issuance of the Debt of the District and shall be recorded on the Service Area.
IX. INTERGOVERNMENTAL AGREEMENT
The form of the intergovernmental agreement, relating to the limitations imposed on the District’s activities, is attached hereto as Exhibit E. The District shall approve the intergovernmental agreement in the form attached as Exhibit E at their first Board meeting after their organizational election. The City Council shall approve the intergovernmental agreement in
the form attached as Exhibit E at the public hearing approving the Service Plan.
X. CONCLUSION
It is submitted that this Service Plan for the District, as required by Section 32-1-203(2), C.R.S., establishes that:
1. There is sufficient existing and projected need for organized service in the
area to be serviced by the District;
2. The existing service in the area to be served by the District is inadequate for present and projected needs;
3. The District is capable of providing economical and sufficient service to the area within its proposed boundaries; and
4. Adequate service is not, and will not be, available to the area through the City or county or other existing municipal or quasi-municipal corporations, including existing special districts, within a reasonable time and on a comparable basis.
5. The facility and service standards of the District are compatible with the facility and service standards of the City within which the special districts are to be located and
each municipality which is an interested party under Section 32-1-204(1), C.R.S.
6. The proposal is in substantial compliance with a master plan adopted pursuant to Section 30-28-108, Colorado Revised Statutes;
7. The proposal is in compliance with any duly adopted City, regional or state long-range water quality management plan for the area.
8. The creation of the District is in the best interests of the area proposed to be
served.
EXHIBIT A
Legal Description of the District
DESCRIPTION: A PARCEL OF LAND LOCATED IN THE SOUTHWEST QUARTER OF SECTION 23, TOWNSHIP 3 SOUTH, RANGE 69 WEST OF THE 6TH P.M., CITY OF WHEAT RIDGE,
COUNTY OF JEFFERSON, STATE OF COLORADO MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE CENTER QUARTER CORNER OF SAID SECTION 23, BEING A FOUND 3-1/4" DIAMETER BRASS CAP AND ALUMINUM MONUMENT IN RANGE
BOX, MARKED "CITY OF WHEAT RIDGE PLS 13212", WHENCE THE SOUTH QUARTER CORNER OF SAID SECTION, BEING A FOUND 3-1/4" DIAMETER BRASS CAP AND ALUMINUM MONUMENT IN RANGE BOX, MARKED "CITY OF WHEAT RIDGE PLS 13212", IS ASSUMED TO BEAR SOUTH 00°10'11" EAST, WITH ALL BEARINGS CONTAINED HEREIN RELATIVE THERETO;
THENCE SOUTH 68°54'09" WEST A DISTANCE OF 732.50 FEET TO THE WESTERLY RIGHT-OF-WAY OF YARROW STREET AND THE POINT OF BEGINNING; THENCE ALONG SAID WESTERLY RIGHT-OF-WAY SOUTH 00°13'43" EAST A
DISTANCE OF 386.23 FEET; THENCE ALONG THE ARC OF A NON-TANGENT CURVE TO THE RIGHT 23.53 FEET, HAVING A RADIUS OF 15.00 FEET, A CENTRAL ANGLE OF 89°52'14" AND WHICH CHORD BEARS SOUTH 44°42'40" WEST A DISTANCE OF 21.29 FEET;
THENCE SOUTH 89°39'02" WEST A DISTANCE OF 618.95 FEET; THENCE NORTH 00°15'42" WEST A DISTANCE OF 394.56 FEET;
THENCE NORTH 89°40'58" EAST A DISTANCE OF 104.15 FEET; THENCE NORTH 00°15'42" WEST A DISTANCE OF 7.00 FEET; THENCE NORTH 89°40'58" EAST A DISTANCE OF 530.00 FEET TO THE POINT OF
BEGINNING.
SAID DESCRIBED PARCEL OF LAND CONTAINS 253,373 SQ. FT. OR 5.8250 ACRES, MORE OR LESS.
EXHIBIT B
District Boundary Map
A PARCEL OF LAND LOCATED IN THE
SOUTHWEST QUARTER OF SECTION 23,
TOWNSHIP 3 SOUTH, RANGE 69 WEST OF
THE 6TH P.M., CITY OF WHEAT RIDGE,
COUNTY OF JEFFERSON, STATE OF
COLORADO
EXHIBIT C
City of Wheat Ridge Vicinity Map
EXHIBIT D
Proof of Ownership
Land Title Guarantee Company
Customer Distribution
PREVENT FRAUD - Please remember to call a member of our closing team when
initiating a wire transfer or providing wiring instructions.
Order Number:ABC70577688 Date: 04/10/2018
Property Address:4255 YARROW STREET & 7955 WEST 42ND AVENUE, WHEAT RIDGE, CO 80033
PLEASE CONTACT YOUR CLOSER OR CLOSER'S ASSISTANT FOR WIRE TRANSFER INSTRUCTIONS
For Closing Assistance Closer's Assistant For Title Assistance
Colin Snody
3033 EAST FIRST AVENUE, SUITE
600
DENVER, CO 80206
(303) 331-6234 (Work)
(303) 393-3806 (Work Fax)
csnody@ltgc.com
Contact License: CO271428
Company License: CO44565
Whitney Lewis
3033 EAST FIRST AVENUE, SUITE
600
DENVER, CO 80206
(303) 331-6249 (Work)
wlewis@ltgc.com
Company License: CO44565
Scott Bennetts
5975 GREENWOOD PLAZA BLVD
GREENWOOD VILLAGE, CO 80111
(303) 850-4175 (Work)
sbennetts@ltgc.com
THRIVE HOME BUILDERS
Attention: GENE MYERS
Delivered via: Electronic Mail
BENJAMIN BAIN & COHEN LLC
Attention: BRENT HOUSTON
5555 DTC PARKWAY #340
GREENWOOD VILLAGE, CO 80111
(303) 290-6600 (Work)
(303) 290-8323 (Work Fax)
bhouston@bbc-legal.com
Delivered via: Electronic Mail
Sue Hickey
shickey@thrivehomebuilders.com
LAND TITLE GUARANTEE COMPANY
Attention: PETER TOBIN
3033 EAST FIRST AVENUE, SUITE 600
DENVER, CO 80206
(303) 321-1880 (Work)
(303) 322-7603 (Work Fax)
ptobin@ltgc.com
Delivered via: Electronic Mail
EFG-YARROW, LLC
Attention: CAMERON BERTRON
Delivered via: Electronic Mail
Land Title Guarantee Company
Estimate of Title Fees
Order Number:ABC70577688 Date: 04/10/2018
Property Address:4255 YARROW STREET & 7955 WEST 42ND AVENUE, WHEAT RIDGE, CO 80033
Parties:NT BUILDERS LLC, A COLORADO LIMITED LIABILITY COMPANY DOING BUSINESS AS
THRIVE HOME BUILDERS
EFG-YARROW, LLC, A COLORADO LIMITED LIABILITY COMPANY
Visit Land Title's Website at www.ltgc.com for directions to any of our offices.
Estimate of Title insurance Fees
"ALTA" Owner's Policy 06-17-06 Reissue Rate $4,356.00
Deletion of Standard Exception(s)$100.00
Tax Certificate $52.00
Total $4,508.00
If Land Title Guarantee Company will be closing this transaction, the fees listed above will be collected at
closing.
Thank you for your order!
Chain of Title Documents:
Jefferson county recorded 06/21/2017 under reception no. 2017064114
Property Address:
4255 YARROW STREET & 7955 WEST 42ND AVENUE, WHEAT RIDGE, CO 80033
1. Effective Date:
04/04/2018 at 5:00 P.M.
2. Policy to be Issued and Proposed Insured:
"ALTA" Owner's Policy 06-17-06 Reissue Rate
Proposed Insured:
NT BUILDERS LLC, A COLORADO LIMITED LIABILITY
COMPANY DOING BUSINESS AS THRIVE HOME BUILDERS
$4,500,000.00
3. The estate or interest in the land described or referred to in this Commitment and covered herein is:
A Fee Simple AS TO PARCELS A, C AND E; EASEMENTS AS TO PARCELS B, D, F AND G.
4. Title to the estate or interest covered herein is at the effective date hereof vested in:
EFG-YARROW, LLC, A COLORADO LIMITED LIABILITY COMPANY
5. The Land referred to in this Commitment is described as follows:
PARCEL A:
THAT PART OF THE NORTHWEST 1/4 OF THE NORTHEAST 1/4 OF THE SOUTHWEST 1/4, SECTION 23,
TOWNSHIP 3 SOUTH, RANGE 69 WEST OF THE 6TH P.M., COUNTY OF JEFFERSON, STATE OF
COLORADO, DESCRIBED AS FOLLOWS:
COMMENCING AT A POINT WHICH BEARS NORTH 00 DEGREES 15 MINUTES 28 SECONDS EAST, 160
FEET FROM THE SOUTHWEST CORNER OF SAID NORTHWEST 1/4 ON THE WEST LINE THEREOF,
THENCE NORTH ALONG THE EAST LINE OF SAID NORTHWEST 1/4 A DISTANCE OF 234 FEET; THENCE
EAST PARALLEL TO THE SOUTH BOUNDARY OF SAID NORTHWEST 1/4 TO THE WEST BOUNDARY LINE
OF YARROW STREET AS DESCRIBED IN INSTRUMENT RECORDED DECEMBER 4, 1961 IN BOOK 1429 AT
PAGE 526, JEFFERSON COUNTY RECORDS; THENCE SOUTH 00 DEGREES 17 MINUTES 44 SECONDS
WEST ALONG THE WEST LINE OF YARROW STREET TO A POINT 15 FEET NORTH OF THE SOUTH
BOUNDARY LINE OF SAID NORTHWEST 1/4; THENCE TO THE RIGHT ALONG THE ARC OF A CURVE,
HAVING A RADIUS OF 15 FEET, A DISTANCE OF 23.56 FEET TO A POINT ON THE SOUTH LINE OF SAID
NORTHWEST 1/4; THENCE NORTH 89 DEGREES 47 MINUTES 19 SECONDS WEST ALONG THE SOUTH
LINE OF SAID NORTHWEST 1/4 A DISTANCE OF 260.72 FEET; THENCE NORTH PARALLEL TO THE WEST
BOUNDARY LINE OF SAID NORTHWEST 1/4 A DISTANCE OF 160 FEET; THENCE WEST AND PARALLEL TO
THE SOUTHERLY LINE OF SAID NORTHWEST 1/4 A DISTANCE OF 358 FEET MORE OR LESS TO THE
POINT OF BEGINNING.
PARCEL B:
ACCESS AND EASEMENT MAINTENANCE EASEMENTS AS GRANTED AND SET FORTH IN WARRANTY
DEED RECORDED AUGUST 26, 1976 IN BOOK 2894 AT PAGE 513 AND MODIFIED BY THE QUITCLAIM
DEED FROM ROBERT T. HAVER, JR. AND SUSAN A. HAVER TO EFG-YARROW, LLC DATED OCTOBER 19,
2017 AND RECORDED OCTOBER 19, 2017 UNDER RECEPTION NO. 2017108009.
ALTA COMMITMENT
Old Republic National Title Insurance Company
Schedule A
Order Number:ABC70577688
COUNTY OF JEFFERSON, STATE OF COLORADO.
PARCEL C:
THAT PART OF THE NORTHWEST 1/4 OF THE NORTHEAST 1/4 OF THE SOUTHWEST 1/4, SECTION 23,
TOWNSHIP 3 SOUTH, RANGE 69 WEST OF THE 6TH P.M., COUNTY OF JEFFERSON, STATE OF
COLORADO, (REFERRED TO AS NORTHWEST 1/4 HENCEFORTH) DESCRIBED AS FOLLOWS:
COMMENCING A THE SOUTHWEST CORNER OF SAID NORTHWEST 1/4 AND FOLLOWING THE WEST LINE
THEREOF NORTH 0 DEGREES 15 MINUTES 28 SECONDS EAST A DISTANCE OF 394.00 FEET TO THE
NORTHWEST CORNER OF THE PARCEL DESCRIBED IN THE WARRANTY DEED RECORDED IN THE
JEFFERSON COUNTY CLERK AND RECORDERS OFFICE RECORDED AUGUST 26, 1976 IN BOOK 2894 AT
PAGE 513, SAID POINT ALSO BEING THE SOUTHWEST CORNER OF THE CHARLES GRAUL, JR. MINOR
SUBDIVISION; THENCE SOUTH 89 DEGREES 47 MINUTES 19 SECONDS EAST ALONG THE NORTH LINE
OF SAID PARCEL DESCRIBED IN THE WARRANTY DEED RECORDED AUGUST 26, 1976 IN BOOK 2894 AT
PAGE 513 A DISTANCE OF 104.15 FEET TO THE TRUE POINT OF BEGINNING; THENCE CONTINUING
ALONG THE NORTH LINE OF SAID PARCEL SOUTH 89 DEGREES 47 MINUTES 19 SECONDS EAST A
DISTANCE OF 529.99 FEET TO A POINT ON THE WEST RIGHT OF WAY LINE OF YARROW STREET;
THENCE FOLLOWING THE WEST LINE OF YARROW STREET NORTH 0 DEGREES 17 MINUTES 44
SECONDS EAST A DISTANCE OF 7.10 FEET TO THE SOUTHEAST CORNER OF THE CHARLES GRAUL JR.
MINOR SUBDIVISION; THENCE FOLLOWING THE SOUTH LINE OF THE CHARLES GRAUL JR. MINOR
SUBDIVISION NORTH 89 DEGREES 47 MINUTES 52 SECONDS WEST A DISTANCE OF 530.00 FEET;
THENCE SOUTH 0 DEGREES 15 MINUTES 28 SECONDS WEST A DISTANCE OF 7.02 FEET TO THE TRUE
POINT OF BEGINNING,
COUNTY OF JEFFERSON, STATE OF COLORADO.
PARCEL D:
NON-EXCLUSIVE EASEMENT FOR SEWER LINE AS GRANTED AND SET FORTH IN EASEMENT
AGREEMENT RECORDED MAY 18, 2009 UNDER RECEPTION NO. 2009044993.
COUNTY OF JEFFERSON, STATE OF COLORADO.
PARCEL E:
THAT PORTION OF THE NORTHWEST QUARTER NORTHEAST QUARTER SOUTHWEST QUARTER OF
SECTION 23, TOWNSHIP 3 SOUTH, RANGE 69 WEST OF THE 6TH PRINCIPAL MERIDIAN, WHICH BEGINS
AT THE SOUTHWEST CORNER OF SAID NORTHWEST QUARTER NORTHEAST QUARTER SOUTHWEST
QUARTER OF SECTION 23; THENCE EAST ALONG THE SOUTH LINE OF SAID NORTHWEST QUARTER
NORTHEAST QUARTER SOUTHWEST QUARTER A DISTANCE OF 278 FEET; THENCE AT AN ANGLE LEFT
63 DEGREES 37 MINUTES 00 SECONDS, AND A CURVE TO THE RIGHT AND ALONG A 45 FOOT RADIUS
ARC A DISTANCE OF 100 FEET TO A POINT ON THE SOUTH LINE OF SAID NORTHWEST QUARTER
NORTHEAST QUARTER SOUTHWEST QUARTER OF SECTION 23; THENCE NORTH AND PARALLEL WITH
THE WEST LINE OF SAID NORTHWEST QUARTER NORTHEAST QUARTER SOUTHWEST QUARTER A
DISTANCE OF 160 FEET; THENCE WEST AND PARALLEL WITH THE SOUTH LINE OF SAID NORTHWEST
QUARTER NORTHEAST QUARTER SOUTHWEST QUARTER OF SECTION 23 A DISTANCE OF 358 FEET,
MORE OR LESS, TO THE WEST LINE OF SAID NORTHWEST QUARTER NORTHEAST QUARTER
SOUTHWEST QUARTER; THENCE SOUTH ALONG THE WEST LINE OF SAID NORTHWEST QUARTER
NORTHEAST QUARTER SOUTHWEST QUARTER A DISTANCE OF 160 FEET TO THE POINT OF BEGINNING,
COUNTY OF JEFFERSON, STATE OF COLORADO.
ALTA COMMITMENT
Old Republic National Title Insurance Company
Schedule A
Order Number:ABC70577688
Copyright 2006-2018 American Land Title Association. All rights reserved.
The use of this Form is restricted to ALTA licensees and ALTA members in good standing
as of the date of use. All other uses are prohibited. Reprinted under license from the
American Land Title Association.
PARCEL F:
THOSE EASEMENT RIGHTS CREATED BY AN INSTRUMENT RECORDED AUGUST 26, 1976, IN BOOK 2894
AT PAGE 513 AND MODIFIED BY THE QUITCLAIM DEED FROM ROBERT T. HAVER, JR. AND SUSAN A.
HAVER TO EFG-YARROW, LLC DATED OCTOBER 19, 2017 AND RECORDED OCTOBER 19, 2017 UNDER
RECEPTION NO. 2017108009.
COUNTY OF JEFFERSON, STATE OF COLORADO.
PARCEL G:
A NON-EXCLUSIVE EASEMENT 10 FEET IN WIDTH, FOR THE PURPOSE OF OPERATING AND
MAINTAINING AN EXISTING WATER SERVICE LINE, OVER AND ACROSS, LOT 4, CHARLES GRAUL, JR.
MINOR SUBDIVISION, A SUBDIVISION SITUATED IN THE NORTHWEST QUARTER NORTHEAST QUARTER
SOUTHWEST QUARTER OF SECTION 23, TOWNSHIP 3 SOUTH, RANGE 69 WEST OF THE 6TH PRINCIPAL
MERIDIAN, COUNTY OF JEFFERSON, STATE OF COLORADO, THE CENTERLINE OF SAID EASEMENT
BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:
BEGINNING AT A POINT ON THE SOUTH LINE OF SAID LOT 4, SAID POINT BEING 11.00 FEET WEST OF
THE SOUTHEAST CORNER OF SAID LOT; THENCE NORTH 01 DEGREES 27 MINUTES 22 SECONDS WEST,
A DISTANCE OF 230.05 FEET, MORE OR LESS, TO A POINT OF TERMINUS ON THE NORTH LINE OF SAID
LOT 4, WHENCE THE NORTHEAST CORNER OF SAID LOT LIES EAST A DISTANCE OF 16.00 FEET.
ALTA COMMITMENT
Old Republic National Title Insurance Company
Schedule A
Order Number:ABC70577688
This proposed Insured must notify the Company in writing of the name of any party not referred to in this
Commitment who will obtain an interest in the Land or who will make a loan on the Land. The Company
may then make additional Requirements or Exceptions.
Pay the agreed amount for the estate or interest to be insured.
Pay the premiums, fees, and charges for the Policy to the Company.
Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured, or both,
must be properly authorized, executed, delivered, and recorded in the Public Records.
1. RELEASE OF DEED OF TRUST DATED JUNE 21, 2017 FROM EFG-YARROW, LLC, A COLORADO LIMITED
LIABILITY COMPANY TO THE PUBLIC TRUSTEE OF JEFFERSON COUNTY FOR THE USE OF SHAMES-
MAKOVSKY MORTGAGE COMPANY, A COLORADO CORPORATION TO SECURE THE SUM OF
$2,250,000.00 RECORDED JUNE 21, 2017, UNDER RECEPTION NO. 2017064115.
FIRST AMENDMENT IN CONNECTION WITH SAID DEED OF TRUST WAS RECORDED OCTOBER 19, 2017
UNDER RECEPTION NO. 2017108011.
2. RELEASE OF DEED OF TRUST DATED OCTOBER 19, 2017 FROM EFG-YARROW, LLC, A COLORADO
LIMITED LIABILITY COMPANY TO THE PUBLIC TRUSTEE OF JEFFERSON COUNTY FOR THE USE OF
SHAMES-MAKOVSKY MORTGAGE COMPANY, A COLORADO CORPORATION TO SECURE THE SUM OF
$3,150,000.00 RECORDED OCTOBER 19, 2017, UNDER RECEPTION NO. 2017108010.
3. A FULL COPY OF THE FULLY EXECUTED OPERATING AGREEMENT AND ANY AND ALL AMENDMENTS
THERETO FOR NT BUILDERS LLC, A COLORADO LIMITED LIABILITY COMPANY MUST BE FURNISHED TO
LAND TITLE GUARANTEE COMPANY. SAID AGREEMENT MUST DISCLOSE WHO MAY CONVEY, ACQUIRE,
ENCUMBER, LEASE OR OTHERWISE DEAL WITH INTERESTS IN REAL PROPERTY FOR SAID ENTITY.
NOTE: ADDITIONAL REQUIREMENTS MAY BE NECESSARY UPON REVIEW OF THIS DOCUMENTATION.
4. DULY EXECUTED AND ACKNOWLEDGED STATEMENT OF AUTHORITY SETTING FORTH THE NAME OF NT
BUILDERS LLC, A COLORADO LIMITED LIABILITY COMPANY AS A LIMITED LIABILITY COMPANY. THE
STATEMENT OF AUTHORITY MUST STATE UNDER WHICH LAWS THE ENTITY WAS CREATED, THE
MAILING ADDRESS OF THE ENTITY, AND THE NAME AND POSITION OF THE PERSON(S) AUTHORIZED TO
EXECUTE INSTRUMENTS CONVEYING, ENCUMBERING, OR OTHERWISE AFFECTING TITLE TO REAL
PROPERTY ON BEHALF OF THE ENTITY AND OTHERWISE COMPLYING WITH THE PROVISIONS OF
SECTION 38-30-172, CRS.
NOTE: THE STATEMENT OF AUTHORITY MUST BE RECORDED WITH THE CLERK AND RECORDER.
5. PROVIDE LAND TITLE GUARANTEE COMPANY WITH A CURRENT SURVEY OF SUBJECT PROPERTY.
UPON REVIEW, ADDITIONAL REQUIREMENTS AND/OR EXCEPTIONS MAY BE NECESSARY.
LAND TITLE IS NOT RESPONSIBLE FOR ORDERING SAID SURVEY.
SAID SURVEY MUST BE CERTIFIED TO LAND TITLE GUARANTEE COMPANY AND OLD REPUBLIC
NATIONAL TITLE INSURANCE COMPANY.
ALTA COMMITMENT
Old Republic National Title Insurance Company
Schedule B, Part I
(Requirements)
Order Number: ABC70577688
All of the following Requirements must be met:
6. WARRANTY DEED FROM EFG-YARROW, LLC, A COLORADO LIMITED LIABILITY COMPANY TO NT
BUILDERS LLC, A COLORADO LIMITED LIABILITY COMPANY DOING BUSINESS AS THRIVE HOME
BUILDERS CONVEYING SUBJECT PROPERTY.
7. NOTE: THE OPERATING AGREEMENT FOR EFG-YARROW, LLC, A COLORADO LIMITED LIABILITY
COMPANY DISCLOSES YARROW-EQUITY PARTICIPATION, LLC AS THE MEMBER(S) OR MANAGER(S)
THAT MUST EXECUTE LEGAL INSTRUMENTS ON BEHALF OF SAID ENTITY.
NOTE: STATEMENT OF AUTHORITY FOR EFG-YARROW, LLC, A COLORADO LIMITED LIABILITY COMPANY
RECORDED JUNE 21, 2017 UNDER RECEPTION NO. 2017064113 DISCLOSES CAMERON R. BERTRON AS
MANAGER OF YARROW-EQUITY PARTICIPATION, LLC, A COLORADO LIMITED LIABILITY COMPANY AS
THE SOLE MEMBER WHO MAY ACQUIRE, CONVEY, ENCUMBER, LEASE OR OTHERWISE DEAL WITH
INTERESTS IN REAL PROPERTY FOR SAID ENTITY.
NOTE: ITEMS 1-3 OF THE STANDARD EXCEPTIONS TO THE OWNERS POLICY WILL BE DELETED UPON
RECEIPT OF AN APPROVED SURVEY. MATTERS DISCLOSED BY SAID SURVEY MAY BE ADDED TO
SCHEDULE B-2 HEREOF.
UPON THE APPROVAL OF THE COMPANY AND THE RECEIPT OF A NOTARIZED FINAL LIEN AFFIDAVIT,
ITEM NO. 4 OF THE STANDARD EXCEPTIONS TO THE OWNERS POLICY WILL BE AMENDED AS FOLLOWS:
ITEM NO. 4 OF THE STANDARD EXCEPTIONS IS DELETED AS TO ANY LIENS OR FUTURE LIENS
RESULTING FROM WORK OR MATERIAL FURNISHED AT THE SPECIFIC, DIRECT REQUEST, AND WITH
THE ACTUAL KNOWLEDGE OF ANY PARTY OTHER THAN NT BUILDERS LLC, A COLORADO LIMITED
LIABILITY COMPANY DOING BUSINESS AS THRIVE HOME BUILDERS.
OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY SHALL HAVE NO LIABILITY FOR ANY LIENS
ARISING FROM WORK OR MATERIAL FURNISHED AT THE SPECIFIC, DIRECT REQUEST, AND WITH THE
ACTUAL KNOWLEDGE OF NT BUILDERS LLC, A COLORADO LIMITED LIABILITY COMPANY DOING
BUSINESS AS THRIVE HOME BUILDERS.
NOTE: ITEM 5 OF THE STANDARD EXCEPTIONS WILL BE DELETED IF LAND TITLE GUARANTEE COMPANY
CONDUCTS THE CLOSING OF THE CONTEMPLATED TRANSACTION(S) AND RECORDS THE DOCUMENTS
IN CONNECTION THEREWITH.
NOTE: UPON PROOF OF PAYMENT OF 2017 TAXES, ITEM 6 WILL BE AMENDED TO READ:
TAXES AND ASSESSMENTS FOR THE YEAR 2018 AND SUBSEQUENT YEARS.
ALTA COMMITMENT
Old Republic National Title Insurance Company
Schedule B, Part I
(Requirements)
Order Number: ABC70577688
All of the following Requirements must be met:
This commitment does not republish any covenants, condition, restriction, or limitation contained in any
document referred to in this commitment to the extent that the specific covenant, conditions, restriction,
or limitation violates state or federal law based on race, color, religion, sex, sexual orientation, gender
identity, handicap, familial status, or national origin.
1. Any facts, rights, interests, or claims thereof, not shown by the Public Records but that could be
ascertained by an inspection of the Land or that may be asserted by persons in possession of the Land.
2. Easements, liens or encumbrances, or claims thereof, not shown by the Public Records.
3. Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that
would be disclosed by an accurate and complete land survey of the Land and not shown by the Public
Records.
4. Any lien, or right to a lien, for services, labor or material heretofore or hereafter furnished, imposed by
law and not shown by the Public Records.
5. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the
public records or attaching subsequent to the effective date hereof but prior to the date of the proposed
insured acquires of record for value the estate or interest or mortgage thereon covered by this
Commitment.
6. (a) Taxes or assessments that are not shown as existing liens by the records of any taxing authority that
levies taxes or assessments on real property or by the Public Records; (b) proceedings by a public
agency that may result in taxes or assessments, or notices of such proceedings, whether or not shown
by the records of such agency or by the Public Records.
7. (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) water rights, claims or title to water.
8. EXISTING LEASES AND TENANCIES, IF ANY.
(AFFECTS ALL PARCELS)
9. TERMS, CONDITIONS, PROVISIONS, BURDENS, OBLIGATIONS, RESERVATIONS AND EASEMENTS AS
SET FORTH AND GRANTED IN WARRANTY DEED RECORDED AUGUST 26, 1976 IN BOOK 2894 AT PAGE
513.
NOTE: MODIFIED BY THE QUITCLAIM DEED FROM ROBERT T. HAVER, JR. AND SUSAN A. HAVER TO
EFG-YARROW, LLC DATED OCTOBER 19, 2017 AND RECORDED OCTOBER 19, 2017 UNDER RECEPTION
NO. 2017108009.
10. EASEMENTS, CONDITIONS, COVENANTS, RESTRICTIONS, RESERVATIONS AND NOTES ON THE
IMPROVEMENT SURVEY PLAT RECORDED DECEMBER 27, 1999 UNDER RECEPTION NO. F0996194.
11. TERMS, CONDITIONS, PROVISIONS, BURDENS, OBLIGATIONS AND EASEMENTS AS SET FORTH AND
GRANTED IN CONSERVATOR'S DEED RECORDED JANUARY 05, 2000 UNDER RECEPTION NO. F1000374.
ALTA COMMITMENT
Old Republic National Title Insurance Company
Schedule B, Part II
(Exceptions)
Order Number: ABC70577688
12. TERMS, CONDITIONS, PROVISIONS, BURDENS AND OBLIGATIONS AS SET FORTH IN CITY OF WHEAT
RIDGE NOTICE RECORDED JANUARY 07, 2009 UNDER RECEPTION NO. 2009001396.
13. TERMS, CONDITIONS, PROVISIONS, BURDENS, OBLIGATIONS, RESERVATIONS AND EASEMENTS AS
SET FORTH AND GRANTED IN EASEMENT AGREEMENT RECORDED MAY 18, 2009 UNDER RECEPTION
NO. 2009044993.
14. TERMS, CONDITIONS, PROVISIONS, BURDENS AND OBLIGATIONS AS SET FORTH IN AN ORDINANCE
APPROVING THE REZONING OF PROPERTY LOCATED AT 4255 YARROW STREET FROM RESIDENTIAL-
TWO (R-2) TO MIXED USE-NEIGHBORHOOD (MU-N) (CASE NO. WZ-16-08/ENVIROFINANCE GROUP)
RECORDED APRIL 19, 2017 UNDER RECEPTION NO. 2017040946.
(EXCEPTIONS 9 THROUGH 14 APPLY TO PARCELS A, B, C AND D)
15. TERMS, CONDITIONS, PROVISIONS, BURDENS, OBLIGATIONS, RESERVATIONS AND EASEMENTS AS
SET FORTH AND GRANTED IN WARRANTY DEED RECORDED AUGUST 26, 1976 IN BOOK 2894 AT PAGE
513.
NOTE: MODIFIED BY THE QUITCLAIM DEED FROM ROBERT T. HAVER, JR. AND SUSAN A. HAVER TO
EFG-YARROW, LLC DATED OCTOBER 19, 2017 AND RECORDED OCTOBER 19, 2017 UNDER RECEPTION
NO. 2017108009.
16. THE EFFECT OF IMPROVEMENT SURVEY PLAT, RECORDED DECEMBER 27, 1999, UNDER RECEPTION
NO. F0996194.
NOTE: MODIFIED BY THE QUITCLAIM DEED FROM ROBERT T. HAVER, JR. AND SUSAN A. HAVER TO
EFG-YARROW, LLC DATED OCTOBER 19, 2017 AND RECORDED OCTOBER 19, 2017 UNDER RECEPTION
NO. 2017108009.
17. TERMS, CONDITIONS, PROVISIONS, BURDENS, OBLIGATIONS AND EASEMENTS AS SET FORTH AND
GRANTED IN EASEMENT AGREEMENT RECORDED JANUARY 05, 2000 UNDER RECEPTION NO.
F1000373.
NOTE: MODIFIED BY THE QUITCLAIM DEED FROM ROBERT T. HAVER, JR. AND SUSAN A. HAVER TO
EFG-YARROW, LLC DATED OCTOBER 19, 2017 AND RECORDED OCTOBER 19, 2017 UNDER RECEPTION
NO. 2017108009.
18. BURDENS AND OBLIGATIONS IN CONNECTION WITH THOSE EASEMENT RIGHTS SET FORTH IN
INSTRUMENT RECORDED JANUARY 5, 2000, AT RECEPTION NO. F1000374.
NOTE: MODIFIED BY THE QUITCLAIM DEED FROM ROBERT T. HAVER, JR. AND SUSAN A. HAVER TO
EFG-YARROW, LLC DATED OCTOBER 19, 2017 AND RECORDED OCTOBER 19, 2017 UNDER RECEPTION
NO. 2017108009.
19. ANY TAX, LIEN, FEE, OR ASSESSMENT BY REASON OF INCLUSION OF SUBJECT PROPERTY IN THE
WHEAT RIDGE WATER DISTRICT, AS EVIDENCED BY INSTRUMENT RECORDED JANUARY 16, 2001,
UNDER RECEPTION NO. F1170792.
ALTA COMMITMENT
Old Republic National Title Insurance Company
Schedule B, Part II
(Exceptions)
Order Number: ABC70577688
(EXCEPTIONS 15 THROUGH 19 APPLY TO PARCELS E, F, AND G)
ALTA COMMITMENT
Old Republic National Title Insurance Company
Schedule B, Part II
(Exceptions)
Order Number: ABC70577688
LAND TITLE GUARANTEE COMPANY
DISCLOSURE STATEMENTS
Note: Pursuant to CRS 10-11-122, notice is hereby given that:
Note: Effective September 1, 1997, CRS 30-10-406 requires that all documents received for recording or filing in the clerk
and recorder's office shall contain a top margin of at least one inch and a left, right and bottom margin of at least one half
of an inch. The clerk and recorder may refuse to record or file any document that does not conform, except that, the
requirement for the top margin shall not apply to documents using forms on which space is provided for recording or filing
information at the top margin of the document.
Note: Colorado Division of Insurance Regulations 8-1-2 requires that "Every title entity shall be responsible for all matters
which appear of record prior to the time of recording whenever the title entity conducts the closing and is responsible for
recording or filing of legal documents resulting from the transaction which was closed". Provided that Land Title
Guarantee Company conducts the closing of the insured transaction and is responsible for recording the legal documents
from the transaction, exception number 5 will not appear on the Owner's Title Policy and the Lenders Policy when issued.
Note: Affirmative mechanic's lien protection for the Owner may be available (typically by deletion of Exception no. 4 of
Schedule B, Section 2 of the Commitment from the Owner's Policy to be issued) upon compliance with the following
conditions:
No coverage will be given under any circumstances for labor or material for which the insured has contracted for or
agreed to pay.
Note: Pursuant to CRS 10-11-123, notice is hereby given:
The Subject real property may be located in a special taxing district.(A)
A certificate of taxes due listing each taxing jurisdiction will be obtained from the county treasurer of the county in
which the real property is located or that county treasurer's authorized agent unless the proposed insured provides
written instructions to the contrary. (for an Owner's Policy of Title Insurance pertaining to a sale of residential real
property).
(B)
The information regarding special districts and the boundaries of such districts may be obtained from the Board of
County Commissioners, the County Clerk and Recorder, or the County Assessor.
(C)
The land described in Schedule A of this commitment must be a single family residence which includes a
condominium or townhouse unit.
(A)
No labor or materials have been furnished by mechanics or material-men for purposes of construction on the land
described in Schedule A of this Commitment within the past 6 months.
(B)
The Company must receive an appropriate affidavit indemnifying the Company against un-filed mechanic's and
material-men's liens.
(C)
The Company must receive payment of the appropriate premium.(D)
If there has been construction, improvements or major repairs undertaken on the property to be purchased within
six months prior to the Date of Commitment, the requirements to obtain coverage for unrecorded liens will include:
disclosure of certain construction information; financial information as to the seller, the builder and or the contractor;
payment of the appropriate premium fully executed Indemnity Agreements satisfactory to the company, and, any
additional requirements as may be necessary after an examination of the aforesaid information by the Company.
(E)
This notice applies to owner's policy commitments disclosing that a mineral estate has been severed from the surface
estate, in Schedule B-2.
Note: Pursuant to CRS 10-1-128(6)(a), It is unlawful to knowingly provide false, incomplete, or misleading facts or
information to an insurance company for the purpose of defrauding or attempting to defraud the company. Penalties may
include imprisonment, fines, denial of insurance, and civil damages. Any insurance company or agent of an insurance
company who knowingly provides false, incomplete, or misleading facts or information to a policyholder or claimant for the
purpose of defrauding or attempting to defraud the policyholder or claimant with regard to a settlement or award payable
from insurance proceeds shall be reported to the Colorado Division of Insurance within the Department of Regulatory
Agencies.
Note: Pursuant to Colorado Division of Insurance Regulations 8-1-3, notice is hereby given of the availability of a closing
protection letter for the lender, purchaser, lessee or seller in connection with this transaction.
That there is recorded evidence that a mineral estate has been severed, leased, or otherwise conveyed from the
surface estate and that there is substantial likelihood that a third party holds some or all interest in oil, gas, other
minerals, or geothermal energy in the property; and
(A)
That such mineral estate may include the right to enter and use the property without the surface owner's
permission.
(B)
JOINT NOTICE OF PRIVACY POLICY OF
LAND TITLE GUARANTEE COMPANY,
LAND TITLE GUARANTEE COMPANY OF SUMMIT COUNTY
LAND TITLE INSURANCE CORPORATION AND
OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY
This Statement is provided to you as a customer of Land Title Guarantee Company and Meridian Land Title, LLC, as
agents for Land Title Insurance Corporation and Old Republic National Title Insurance Company.
We want you to know that we recognize and respect your privacy expectations and the requirements of federal and state
privacy laws. Information security is one of our highest priorities. We recognize that maintaining your trust and confidence
is the bedrock of our business. We maintain and regularly review internal and external safeguards against unauthorized
access to non-public personal information ("Personal Information").
In the course of our business, we may collect Personal Information about you from:
applications or other forms we receive from you, including communications sent through TMX, our web-based
transaction management system;
your transactions with, or from the services being performed by us, our affiliates, or others;
a consumer reporting agency, if such information is provided to us in connection with your transaction;
and
The public records maintained by governmental entities that we either obtain directly from those entities, or from our
affiliates and non-affiliates.
Our policies regarding the protection of the confidentiality and security of your Personal Information are as follows:
We restrict access to all Personal Information about you to those employees who need to know that information in
order to provide products and services to you.
We maintain physical, electronic and procedural safeguards that comply with federal standards to protect your
Personal Information from unauthorized access or intrusion.
Employees who violate our strict policies and procedures regarding privacy are subject to disciplinary action.
We regularly assess security standards and procedures to protect against unauthorized access to Personal
Information.
WE DO NOT DISCLOSE ANY PERSONAL INFORMATION ABOUT YOU WITH ANYONE FOR ANY PURPOSE THAT IS
NOT PERMITTED BY LAW.
Consistent with applicable privacy laws, there are some situations in which Personal Information may be disclosed. We
may disclose your Personal Information when you direct or give us permission; when we are required by law to do so, for
example, if we are served a subpoena; or when we suspect fraudulent or criminal activities. We also may disclose your
Personal Information when otherwise permitted by applicable privacy laws such as, for example, when disclosure is
needed to enforce our rights arising out of any agreement, transaction or relationship with you.
Our policy regarding dispute resolution is as follows: Any controversy or claim arising out of or relating to our privacy
policy, or the breach thereof, shall be settled by arbitration in accordance with the rules of the American Arbitration
Association, and judgment upon the award rendered by the arbitrator(s) may be entered in any court having jurisdiction
thereof.
Commitment For Title Insurance
Issued by Old Republic National Title Insurance Corporation
NOTICE
IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE INSURANCE POLICIES.
ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE CONTENT OF THIS COMMITMENT OR THE
POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL OPINION, OPINION OF TITLE, OR OTHER
REPRESENTATION OF THE STATUS OF TITLE. THE PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY
SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR THE BENEFIT OF THE COMPANY, AND CREATE NO
EXTRACONTRACTUAL LIABILITY TO ANY PERSON, INCLUDING A PROPOSED INSURED.
THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE
WITH THE TERMS AND PROVISIONS OF THIS COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS
COMMITMENT TO ANY OTHER PERSON. .
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the Commitment Conditions, Old Republic National Title Insurance
Company, a Minnesota corporation (the “Company”), commits to issue the Policy according to the terms and provisions of this Commitment. This Commitment is effective
as of the Commitment Date shown in Schedule A for each Policy described in Schedule A, only when the Company has entered in Schedule A both the specified dollar
amount as the Proposed Policy Amount and the name of the Proposed Insured. If all of the Schedule B, Part I—Requirements have not been met within 6 months after the
Commitment Date, this Commitment terminates and the Company’s liability and obligation end.
COMMITMENT CONDITIONS
1. DEFINITIONS
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in the Commitment to Issue Policy, Comitment terminates and the
Company’s liability and obligation end.
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment to add a defect, lien, encumbrance, adverse claim, or other
matter recorded in the Public Records prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5. The Company shall not be
liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
i. comply with the Schedule B, Part I—Requirements;
ii. eliminate, with the Company’s written consent, any Schedule B, Part II—Exceptions; or
iii. acquire the Title or create the Mortgage covered by this Commitment.
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT
“Knowledge” or “Known”: Actual or imputed knowledge, but not constructive notice imparted by the Public Records.(a)
“Land”: The land described in Schedule A and affixed improvements that by law constitute real property. The term “Land” does not include any property
beyond the lines of the area described in Schedule A, nor any right, title, interest, estate, or easement in abutting streets, roads, avenues, alleys, lanes,
ways, or waterways, but this does not modify or limit the extent that a right of access to and from the Land is to be insured by the Policy.
(b)
“Mortgage”: A mortgage, deed of trust, or other security instrument, including one evidenced by electronic means authorized by law.(c)
“Policy”: Each contract of title insurance, in a form adopted by the American Land Title Association, issued or to be issued by the Company pursuant to this
Commitment.
(d)
“Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each Policy to be issued pursuant to this Commitment.(e)
“Proposed Policy Amount”: Each dollar amount specified in Schedule A as the Proposed Policy Amount of each Policy to be issued pursuant to this
Commitment.
(f)
“Public Records”: Records established under state statutes at the Commitment Date for the purpose of imparting constructive notice of matters relating to
real property to purchasers for value and without Knowledge.
(g)
“Title”: The estate or interest described in Schedule A.(h)
the Notice;(a)
the Commitment to Issue Policy;(b)
the Commitment Conditions;(c)
Schedule A;(d)
Schedule B, Part I—Requirements; and(e)
Schedule B, Part II—Exceptions; and(f)
a counter-signature by the Company or its issuing agent that may be in electronic form.(g)
The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s actual expense incurred in the interval between the Company’s
delivery to the Proposed Insured of the Commitment and the delivery of the amended Commitment, resulting from the Proposed Insured’s good faith reliance
to:
(a)
The Company shall not be liable under Commitment Condition 5(a) if the Proposed Insured requested the amendment or had Knowledge of the matter and
did not notify the Company about it in writing.
(b)
The Company will only have liability under Commitment Condition 4 if the Proposed Insured would not have incurred the expense had the Commitment
included the added matter when the Commitment was first delivered to the Proposed Insured.
(c)
The Company’s liability shall not exceed the lesser of the Proposed Insured’s actual expense incurred in good faith and described in Commitment
Conditions 5(a)(i) through 5(a)(iii) or the Proposed Policy Amount.
(d)
The Company shall not be liable for the content of the Transaction Identification Data, if any.(e)
In no event shall the Company be obligated to issue the Policy referred to in this Commitment unless all of the Schedule B, Part I—Requirements have been
met to the satisfaction of the Company.
(f)
In any event, the Company’s liability is limited by the terms and provisions of the Policy.(g)
7. IF THIS COMMITMENT HAS BEEN ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance commitments and policies. The issuing agent is not the Company’s
agent for the purpose of providing closing or settlement services.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating the coverage that the Company may provide. A pro-forma policy
neither reflects the status of Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a commitment to insure.
9. ARBITRATION
The Policy contains an arbitration clause. All arbitrable matters when the Proposed Policy Amount is $2,000,000 or less shall be arbitrated at the option of either
the Company or the Proposed Insured as the exclusive remedy of the parties. A Proposed Insured may review a copy of the arbitration rules at
http://www.alta.org/arbitration.
IN WITNESS WHEREOF, Land Title Insurance Corporation has caused its corporate name and seal to be affixed by its duly authorized officers on the date shown in
Schedule A to be valid when countersigned by a validating officer or other authorized signatory.
Issued by:
Land Title Guarantee
Company
3033 East First Avenue Suite
600
Denver, Colorado 80206
303-321-1880
President
Old Republic National Title Insurance Company, a Stock
Company
400 Second Avenue South
Minneapolis, Minnesota 55401
(612)371-1111
Mark Bilbrey, President
Rande Yeager, Secretary
This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by Land Title Insurance Corporation. This Commitment is not valid without the Notice;
the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-
signature by the Company or its issuing agent that may be in electronic form.
Copyright 2006-2016 American Land Title Association. All rights reserved.
The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are
prohibited. Reprinted under license from the American Land Title Association.
Only a Proposed Insured identified in Schedule A, and no other person, may make a claim under this Commitment.(a)
Any claim must be based in contract and must be restricted solely to the terms and provisions of this Commitment.(b)
Until the Policy is issued, this Commitment, as last revised, is the exclusive and entire agreement between the parties with respect to the subject matter of
this Commitment and supersedes all prior commitment negotiations, representations, and proposals of any kind, whether written or oral, express or implied,
relating to the subject matter of this Commitment.
(c)
The deletion or modification of any Schedule B, Part II—Exception does not constitute an agreement or obligation to provide coverage beyond the terms and
provisions of this Commitment or the Policy.
(d)
Any amendment or endorsement to this Commitment must be in writing and authenticated by a person authorized by the Company.(e)
When the Policy is issued, all liability and obligation under this Commitment will end and the Company’s only liability will be under the Policy.(f)
EXHIBIT E
Intergovernmental Agreement between District and City of Wheat Ridge
EXHIBIT F
Pro Forma Capital Plan
PROJECT NAME:
PROJECT NUMBER:
CALCUALTED BY:
CHECKED BY:
DATE:
Onsite Improvements
Street Improvements $454,869.50
Grading $204,750.00
Stormwater & Drainage $154,285.04
Sanitary Sewer $142,102.10
Water $283,343.75
Subtotal: $1,239,350.39
Mobilization (5%): $61,967.52
Design And Legal Cost (10%): $123,935.04
Contingency (25%): $309,837.60
City of Wheatridge Fees (10%): $123,935.04
Onsite Total: $1,859,025.59
Offsite Public Improvments
42nd Street Improvements $70,258.14
Yarrow Street Improvements $113,130.73
Erosion Control $2,390.00
Grading $4,895.00
Sanitary Improvements $5,178.70
Water Improvements (includes 42nd Ave and Yarrow Street)$86,728.75
Subtotal $282,581.32
Mobilization (5%): $14,129.07
Design And Legal Cost (10%): $28,258.13
Contingency (25%): $70,645.33
City of Wheatridge Fees (10%): $28,258.13
Offsite Total:$423,871.97
Site Total:$2,282,897.56
Notes: Estimate is based on a draft of construction plans dated January, 2018. Quanitites are conceptual and subject to change. All unit costs were obtained from
previous contractor pricing and are for information only. Estimate does not include landscaping, irrigation, or overexcavation quanities.
Yarrow Gardens Conceptual Engineer's Estimate of Probable Cost Summary
Yarrow Gardens Townhomes
3285
EJL
MMU
6/21/2018
PROJECT NAME:
PROJECT NUMBER: 3285
CALCUALTED BY: EJL
CHECKED BY:
DATE:
Onsite Street Improvements
CONCRETE ALLEY PAVING ‐ 6" CONCRETE 1,160 SY $39.50 $45,820.00
CONCRETE ALLEY ‐ 12" SUBGRADE PREPARATION 1,160 SY $2.50 $2,900.00
CONCRETE DRIVEWAYS 1,236 SY $39.50 $48,822.00
STREET 01 CURB AND GUTTER 336 LF $16.25 $5,460.00
STREET 02 ‐ STREET 05 CURB AND GUTTER 2,622 LF $16.25 $42,607.50
STREET 06 CURB AND GUTTER 390 LF $16.25 $6,337.50
ALLEY 03 CURB AND GUTTER 21 LF $16.25 $341.25
ALLEY 04 CURB AND GUTTER 21 LF $16.25 $341.25
FULL DEPTH ASPHALT PAVING ‐ 5" PER GEOTECH REPORT 4,430 SY $21.00 $93,030.00
ASPHALT ROADS ‐ 12" SUBGRADE PREPARATION 4,430 SY $2.50 $11,075.00
STREET LIGHTS 9EA $6,000.00 $54,000.00
CURB RAMPS 14 EA $1,320.00 $18,480.00
MID BLOCK RAMP 3EA $1,321.00 $3,963.00
CONCRETE SIDEWALK 14,524 SF $8.00 $116,192.00
SIGNAGE 10 EA $350.00 $3,500.00
STRIPING 1LS $2,000.00 $2,000.00
$454,869.50
42nd Street Improvements
VERTICAL CURB AND GUTTER 327 LF $24.75 $8,093.25
CURB AND GUTTER DEMOLITION 153 LF $4.13 $633.54
ASPHALT DEMOLITION (2" MILLING)503 SY $16.41 $8,254.23
FULL DEPTH ASPHALT DEMOLITION 195 SY $7.10 $1,385.81
ASHPALT OVERLAY 503 SY $9.00 $4,527.00
ASPHALT SAWCUT 311 LF $4.65 $1,445.73
CONCRETE SIDEWALK 1,993 SF $8.00 $15,944.00
SIDEWALK DEMOLITION 28 SY $18.29 $519.57
FULL DEPTH ASPHALT PAVING ‐ 5" PER GEOTECH REPORT 750 SY $20.00 $15,000.00
ASPHALT ROADS ‐ 12" SUBGRADE PREPARATION 750 SY $2.50 $1,875.00
CURB RAMPS 4EA $1,320.00 $5,280.00
8' CONCRETE CROSSPAN 208 SF $6.25 $1,300.00
STREET LIGHTS 1EA $6,000.00 $6,000.00
$70,258.14
Onsite Street Improvements Subtotal:
6/21/2018
Yarrow Gardens Townhomes
Quantity Unit Unit Price Total Cost
Quantity Unit Unit Price Total Cost
42nd Street Improvements Subtotal
PROJECT NAME:
PROJECT NUMBER: 3285
CALCUALTED BY: EJL
CHECKED BY:
DATE:6/21/2018
Yarrow Gardens Townhomes
Yarrow Street Improvements
VERTICAL CURB AND GUTTER 755 LF $24.75 $18,686.25
CURB AND GUTTER DEMOLITION 405 LF $4.13 $1,672.48
8' ASPHALT PATCH FOR WATERLINE 581 SY $20.00 $11,620.00
FULL DEPTH ASPHALT DEMOLITION 321 SY $7.10 $2,276.23
ASPHALT DEMOLITION (2" MILLING)1,766 SY $16.41 $28,980.06
ASHPALT OVERLAY 1,766 SY $9.00 $15,894.00
ASPHALT SAWCUT 1,168 LF $4.65 $5,432.58
CONCRETE SIDEWALK 2,145 SF $8.00 $17,160.00
SIDEWALK DEMOLITION 75 SY $18.29 $1,371.61
FULL DEPTH ASPHALT PAVING ‐ 5" PER GEOTECH REPORT 271 SY $20.00 $5,420.00
ASPHALT ROADS ‐ 12" SUBGRADE PREPARATION 271 SY $2.50 $677.50
CURB RAMPS 2EA $1,320.00 $2,640.00
8' CONCRETE CROSSPAN 208 SF $6.25 $1,300.00
$113,130.73
Quantity Unit Unit Price Total Cost
Yarrow Street Improvements Subtotal
PROJECT NAME:
PROJECT NUMBER: 3285
CALCUALTED BY: EJL
CHECKED BY:
DATE:
Quantity Unit Unit Price Total Cost
Onsite Grading
RETAINING WALL NON‐STRUCTURAL (APPROX. FF QTY AND DOES NOT INCLUDE POND)890 FF $25.00 $22,250.00
RETAINING WALL STRUCTURAL**3,650 FF $50.00 $182,500.00
$204,750.00
Total Cost
Onsite Grading Subtotal:
Yarrow Gardens Townhomes
** QUANTITY DOES NOT INCLUDE FOOTER AND WALL THICKNESS. STRUCTURAL ENGINEER TO DESIGN AND DETERMINE EXACT QUANTITIES
AND UNIT PRICE.
6/21/2018
Quantity Unit Unit Price
PROJECT NAME:
PROJECT NUMBER: 3285
CALCUALTED BY: EJL
CHECKED BY:
DATE:
Offiste Eroson Control
VEHICLE TRACKING PAD 0EA $2,225.00 $0.00
CONCRETE WASHOUT 1EA $350.00 $350.00
ROCK SOCKS 8EA $5.00 $40.00
OUTLET PROTECTION 0EA $3.00 $0.00
EROSION CONTROL MAINTENANCE DURING CONSTRUCTION 1LS $2,000.00 $2,000.00
$2,390.00
Offsite Grading
FINE GRADE FOR ASPHALT PAVING 9,790 SF $0.50 $4,895.00
$4,895.00
Total Cost
Yarrow Gardens Townhomes
6/21/2018
Quantity Unit Unit Price Total Cost
Offsite Grading Subtotal:
Offsite Erosion Control Subtotal:
Quantity Unit Unit Price
PROJECT NAME:
PROJECT NUMBER: 3285
CALCUALTED BY: EJL
CHECKED BY:
DATE:
Stormwater & Drainage Improvements
TYPE C INLET (VALLEY INLET AND CURB INLET INCLUDED)1EA $3,950.00 $3,950.00
TYPE 13 INLET (VALLEY OR CURB)6EA $3,950.00 $23,700.00
5' STORM MANHOLE 2EA $4,500.00 $9,000.00
ADJUST MANHOLE RIMS TO GRADE 2EA $625.00 $1,250.00
18" RCP 456 LF $70.00 $31,920.00
TRICKLE CHANNEL 1,021 LF $43.00 $43,903.00
SPILLWAY ("TYPE M" RIPRAP)40 CY $60.00 $2,400.00
CONCRETE HEADWALL for 18" RCP 2EA $2,500.00 $5,000.00
RIPRAP 113 CY $28.00 $3,162.04
CURB CHASE 10 EA $1,000.00 $10,000.00
OUTLET STRUCTURE 1LS $20,000.00 $20,000.00
$154,285.04
Onsite Sanitary Sewer Improvements
4' SANITARY MANHOLE 15 EA $4,000.00 $60,000.00
ADJUST MANHOLE RIMS TO GRADE 15 EA $625.00 $9,375.00
8" PVC SANITARY MAIN LINE 1,524 LF $45.00 $68,593.50
CONNECT TO EXISTING 1LS $2,000.00 $2,000.00
PRESSURE TEST MAINS 1,524 LF $1.40 $2,133.60
$142,102.10
Yarrow Street Sanitary Sewer Improvements
4' SANITARY MANHOLE 1EA $3,500.00 $3,500.00
ADJUST MANHOLE RIMS TO GRADE 1EA $625.00 $625.00
8" PVC SANITARY MAIN LINE 23 LF $45.00 $1,021.50
PRESSURE TEST MAINS 23 LF $1.40 $32.20
$5,178.70
Storm Subtotal:
Quantity Unit Unit Price Total Cost
Yarrow Gardens Townhomes
Quantity Unit Unit Price Total Cost
Quantity Unit Unit Price Total Cost
6/21/2018
Onsite Sanitary Sewer Subtotal:
Offsite Sanitary Sewer Subtotal:
PROJECT NAME:
PROJECT NUMBER: 3285
CALCUALTED BY: EJL
CHECKED BY:
DATE:
Yarrow Gardens Townhomes
6/21/2018
Onsite Water Improvements
8" PVC WATER MAIN LINE 1,715 LF $60.00 $102,900.00
8"x 6" TEE 6EA $700.00 $4,200.00
8" TEE 3EA $750.00 $2,250.00
8" BEND 7EA $600.00 $4,200.00
8" PLUG W/ BLOWOFF 1EA $1,500.00 $1,500.00
8" GATE VALVE 10 EA $1,800.00 $18,000.00
FIRE HYDRANT ASSEMBLY 6EA $7,400.00 $44,400.00
ADJUST VALVES TO GRADE 10 EA $475.00 $4,750.00
CONNECT TO EXISTING 1EA $1,000.00 $1,000.00
CONNECT TO EXISTING W/ 8"x8" TEE 1EA $1,000.00 $1,000.00
WATER TESTING 1,715 LF $1.25 $2,143.75
WATERLINE LOWERINGS 4EA $3,000.00 $12,000.00
1‐1/2" IRRIGATION TAP 1EA $85,000.00 $85,000.00
$283,343.75
8" PVC WATER MAIN LINE 967 LF $60.00 $58,020.00
8" 45 DEG. BEND 2EA $600.00 $1,200.00
CONNECT TO EXISTING W/ 6"x8" TAPPING SLEEVE AND SADDLE 1EA $1,200.00 $1,200.00
CONNECT TO EXISTING W/ 12"x8" TAPPING SLEEVE AND SADDLE 1EA $1,200.00 $1,200.00
8" GATE VALVE 2EA $1,800.00 $3,600.00
RECONNECT SERVICES 7EA $900.00 $6,300.00
WATER TESTING 967 LF $1.25 $1,208.75
FIRE HYDRANT ASSEMBLY 2EA $7,000.00 $14,000.00
$86,728.75
Dry Utility Coordination
Dry Utility 1LS $25,000.00 $25,000.00
$25,000.00
Total Cost
Total Cost
Total Cost
Unit
Dry Utility Subtotal:
Quantity Unit Unit Price
Quantity Unit Unit PriceWatermain Improvements in Yarrow St. and 42nd Ave. Northward to 44th
Onsite Water Subtotal:
Offsite Water Subtotal:
Quantity Unit Price
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Prepared by D.A. Davidson & Co.4
May 2, 2018 8:40 am Prepared by D.A, Davidson & Co Quantitative Group~PM (Yarrow Gardens MD 18:AAPR2018-18NRSPA)
SOURCES AND USES OF FUNDS
YARROW GARDENS METROPOLITAN DISTRICTGENERAL OBLIGATION BONDS, SERIES 2018A55.277 (target) MillsNon-Rated, 100x, 30-yr. Maturity(Full Growth + 6.00% Bi-Reassessment Projections)[ Preliminary -- for discsussion only ]
Dated Date 12/01/2018Delivery Date 12/01/2018
Sources:
Bond Proceeds:Par Amount 3,550,000.00
3,550,000.00
Uses:
Project Fund Deposits:Project Fund 2,550,500.00
Other Fund Deposits:Capitalized Interest Fund 532,500.00
Cost of Issuance:Other Cost of Issuance 142,000.00
Other Uses of Funds:Deposit to Surplus Fund (New)325,000.00
3,550,000.00
5
May 2, 2018 8:40 am Prepared by D.A, Davidson & Co Quantitative Group~PM (Yarrow Gardens MD 18:AAPR2018-18NRSPA)
BOND SUMMARY STATISTICS
YARROW GARDENS METROPOLITAN DISTRICTGENERAL OBLIGATION BONDS, SERIES 2018A55.277 (target) MillsNon-Rated, 100x, 30-yr. Maturity(Full Growth + 6.00% Bi-Reassessment Projections)[ Preliminary -- for discsussion only ]
Dated Date 12/01/2018Delivery Date 12/01/2018First Coupon 06/01/2019Last Maturity 12/01/2048
Arbitrage Yield 5.000000%True Interest Cost (TIC)5.000000%Net Interest Cost (NIC)5.000000%All-In TIC 5.308080%Average Coupon 5.000000%
Average Life (years)23.204Weighted Average Maturity (years)23.204Duration of Issue (years)13.705
Par Amount 3,550,000.00Bond Proceeds 3,550,000.00Total Interest 4,118,750.00Net Interest 4,118,750.00Bond Years from Dated Date 82,375,000.00Bond Years from Delivery Date 82,375,000.00Total Debt Service 7,668,750.00Maximum Annual Debt Service 383,250.00Average Annual Debt Service 255,625.00
Underwriter's Fees (per $1000) Average Takedown Other Fee
Total Underwriter's Discount
Bid Price 100.000000
AverageParAverage Average Maturity PV of 1 bpBond Component Value Price Coupon Life Date change
Term Bond due 2048 3,550,000.00 100.000 5.000% 23.204 02/13/2042 5,502.50
3,550,000.00 23.204 5,502.50
All-In ArbitrageTICTICYield
Par Value 3,550,000.00 3,550,000.00 3,550,000.00 + Accrued Interest + Premium (Discount) - Underwriter's Discount - Cost of Issuance Expense -142,000.00 - Other Amounts
Target Value 3,550,000.00 3,408,000.00 3,550,000.00
Target Date 12/01/2018 12/01/2018 12/01/2018Yield5.000000%5.308080%5.000000%
6
May 2, 2018 8:52 am Prepared by D.A, Davidson & Co Quantitative Group~PM (Yarrow Gardens MD ...:AAPR2018-28IGR18A,28IGR18A)
SOURCES AND USES OF FUNDS
YARROW GARDENS METROPOLITAN DISTRICTGENERAL OBLIGATION REFUNDING & IMPROVEMENT BONDS, SERIES 2028Pay & Cancel Refunding of (proposed) Series 2018 + New Money55.277 (target) MillsAssumes Investment Grade, 100x, 30-yr. Maturity(Full Growth + 6% Bi-Reassessment Projections)[ Preliminary -- for discsussion only ]
Dated Date 12/01/2028Delivery Date 12/01/2028
Sources:
Bond Proceeds:Par Amount 5,505,000.00
Other Sources of Funds:Funds on Hand*375,000.00
5,880,000.00
Uses:
Project Fund Deposits:Project Fund 1,950,725.00
Refunding Escrow Deposits:Cash Deposit 3,440,000.00
Other Fund Deposits:Capitalized Interest Fund 18,350.00Debt Service Reserve Fund 243,400.00261,750.00
Cost of Issuance:Other Cost of Issuance 200,000.00
Delivery Date Expenses:Underwriter's Discount 27,525.00
5,880,000.00
[*] Estimated balances (tbd).
7
May 2, 2018 8:52 am Prepared by D.A, Davidson & Co Quantitative Group~PM (Yarrow Gardens MD ...:AAPR2018-28IGR18A,28IGR18A)
BOND SUMMARY STATISTICS
YARROW GARDENS METROPOLITAN DISTRICTGENERAL OBLIGATION REFUNDING & IMPROVEMENT BONDS, SERIES 2028Pay & Cancel Refunding of (proposed) Series 2018 + New Money55.277 (target) MillsAssumes Investment Grade, 100x, 30-yr. Maturity(Full Growth + 6% Bi-Reassessment Projections)[ Preliminary -- for discsussion only ]
Dated Date 12/01/2028Delivery Date 12/01/2028First Coupon 06/01/2029Last Maturity 12/01/2058
Arbitrage Yield 4.000000%True Interest Cost (TIC)4.034656%Net Interest Cost (NIC)4.000000%All-In TIC 4.293988%Average Coupon 4.000000%
Average Life (years)22.704Weighted Average Maturity (years)22.704Duration of Issue (years)14.741
Par Amount 5,505,000.00Bond Proceeds 5,505,000.00Total Interest 4,999,400.00Net Interest 5,026,925.00Bond Years from Dated Date 124,985,000.00Bond Years from Delivery Date 124,985,000.00Total Debt Service 10,504,400.00Maximum Annual Debt Service 759,200.00Average Annual Debt Service 350,146.67
Underwriter's Fees (per $1000) Average Takedown Other Fee 5.000000
Total Underwriter's Discount 5.000000
Bid Price 99.500000
AverageParAverage Average Maturity PV of 1 bpBond Component Value Price Coupon Life Date change
Term Bond due 2058 5,505,000.00 100.000 4.000% 22.704 08/15/2051 9,578.70
5,505,000.00 22.704 9,578.70
All-In ArbitrageTICTICYield
Par Value 5,505,000.00 5,505,000.00 5,505,000.00+ Accrued Interest+ Premium (Discount)-Underwriter's Discount -27,525.00 -27,525.00-Cost of Issuance Expense -200,000.00- Other Amounts
Target Value 5,477,475.00 5,277,475.00 5,505,000.00
Target Date 12/01/2028 12/01/2028 12/01/2028Yield4.034656%4.293988%4.000000%
8
May 2, 2018 8:52 am Prepared by D.A, Davidson & Co Quantitative Group~PM (Yarrow Gardens MD ...:AAPR2018-28IGR18A,28IGR18A)
BOND DEBT SERVICE
YARROW GARDENS METROPOLITAN DISTRICTGENERAL OBLIGATION REFUNDING & IMPROVEMENT BONDS, SERIES 2028Pay & Cancel Refunding of (proposed) Series 2018 + New Money55.277 (target) MillsAssumes Investment Grade, 100x, 30-yr. Maturity(Full Growth + 6% Bi-Reassessment Projections)[ Preliminary -- for discsussion only ]
AnnualPeriodDebtDebtEndingPrincipal Coupon Interest Service Service
06/01/2029 110,100 110,10012/01/2029 110,100 110,100 220,20006/01/2030 110,100 110,10012/01/2030 5,000 4.000%110,100 115,100 225,20006/01/2031 110,000 110,00012/01/2031 5,000 4.000%110,000 115,000 225,00006/01/2032 109,900 109,90012/01/2032 20,000 4.000%109,900 129,900 239,80006/01/2033 109,500 109,50012/01/2033 20,000 4.000%109,500 129,500 239,00006/01/2034 109,100 109,10012/01/2034 35,000 4.000%109,100 144,100 253,20006/01/2035 108,400 108,40012/01/2035 35,000 4.000%108,400 143,400 251,80006/01/2036 107,700 107,70012/01/2036 55,000 4.000%107,700 162,700 270,40006/01/2037 106,600 106,60012/01/2037 55,000 4.000%106,600 161,600 268,20006/01/2038 105,500 105,50012/01/2038 75,000 4.000%105,500 180,500 286,00006/01/2039 104,000 104,00012/01/2039 80,000 4.000%104,000 184,000 288,00006/01/2040 102,400 102,40012/01/2040 100,000 4.000%102,400 202,400 304,80006/01/2041 100,400 100,40012/01/2041 100,000 4.000%100,400 200,400 300,80006/01/2042 98,400 98,40012/01/2042 125,000 4.000%98,400 223,400 321,80006/01/2043 95,900 95,90012/01/2043 130,000 4.000%95,900 225,900 321,80006/01/2044 93,300 93,30012/01/2044 155,000 4.000%93,300 248,300 341,60006/01/2045 90,200 90,20012/01/2045 160,000 4.000%90,200 250,200 340,40006/01/2046 87,000 87,00012/01/2046 185,000 4.000%87,000 272,000 359,00006/01/2047 83,300 83,30012/01/2047 195,000 4.000%83,300 278,300 361,60006/01/2048 79,400 79,40012/01/2048 225,000 4.000%79,400 304,400 383,80006/01/2049 74,900 74,90012/01/2049 235,000 4.000%74,900 309,900 384,80006/01/2050 70,200 70,20012/01/2050 265,000 4.000%70,200 335,200 405,40006/01/2051 64,900 64,90012/01/2051 275,000 4.000%64,900 339,900 404,80006/01/2052 59,400 59,40012/01/2052 310,000 4.000%59,400 369,400 428,80006/01/2053 53,200 53,20012/01/2053 325,000 4.000%53,200 378,200 431,40006/01/2054 46,700 46,70012/01/2054 365,000 4.000%46,700 411,700 458,40006/01/2055 39,400 39,40012/01/2055 380,000 4.000%39,400 419,400 458,80006/01/2056 31,800 31,80012/01/2056 420,000 4.000%31,800 451,800 483,60006/01/2057 23,400 23,40012/01/2057 440,000 4.000%23,400 463,400 486,80006/01/2058 14,600 14,60012/01/2058 730,000 4.000%14,600 744,600 759,200
5,505,000 4,999,400 10,504,400 10,504,400
9
May 2, 2018 8:52 am Prepared by D.A, Davidson & Co Quantitative Group~PM (Yarrow Gardens MD ...:AAPR2018-28IGR18A,28IGR18A)
SUMMARY OF BONDS REFUNDED
YARROW GARDENS METROPOLITAN DISTRICTGENERAL OBLIGATION REFUNDING & IMPROVEMENT BONDS, SERIES 2028Pay & Cancel Refunding of (proposed) Series 2018 + New Money55.277 (target) MillsAssumes Investment Grade, 100x, 30-yr. Maturity(Full Growth + 6% Bi-Reassessment Projections)[ Preliminary -- for discsussion only ]
Maturity Interest Par Call CallBondDateRateAmount Date Price
5/2/18: Ser 18 NR SP, 5.00%, 100x, 55.277mls, 6% BiRE:TERM48 12/01/2029 5.000%40,000.00 12/01/2028 100.00012/01/2030 5.000%55,000.00 12/01/2028 100.00012/01/2031 5.000%60,000.00 12/01/2028 100.00012/01/2032 5.000%75,000.00 12/01/2028 100.00012/01/2033 5.000%80,000.00 12/01/2028 100.00012/01/2034 5.000%95,000.00 12/01/2028 100.00012/01/2035 5.000% 100,000.00 12/01/2028 100.00012/01/2036 5.000% 120,000.00 12/01/2028 100.00012/01/2037 5.000% 130,000.00 12/01/2028 100.00012/01/2038 5.000% 150,000.00 12/01/2028 100.00012/01/2039 5.000% 160,000.00 12/01/2028 100.00012/01/2040 5.000% 185,000.00 12/01/2028 100.00012/01/2041 5.000% 195,000.00 12/01/2028 100.00012/01/2042 5.000% 220,000.00 12/01/2028 100.00012/01/2043 5.000% 235,000.00 12/01/2028 100.00012/01/2044 5.000% 265,000.00 12/01/2028 100.00012/01/2045 5.000% 275,000.00 12/01/2028 100.00012/01/2046 5.000% 310,000.00 12/01/2028 100.00012/01/2047 5.000% 325,000.00 12/01/2028 100.00012/01/2048 5.000% 365,000.00 12/01/2028 100.000
3,440,000.00
10
May 2, 2018 8:52 am Prepared by D.A, Davidson & Co Quantitative Group~PM (Yarrow Gardens MD ...:AAPR2018-28IGR18A,28IGR18A)
ESCROW REQUIREMENTS
YARROW GARDENS METROPOLITAN DISTRICTGENERAL OBLIGATION REFUNDING & IMPROVEMENT BONDS, SERIES 2028Pay & Cancel Refunding of (proposed) Series 2018 + New Money55.277 (target) MillsAssumes Investment Grade, 100x, 30-yr. Maturity(Full Growth + 6% Bi-Reassessment Projections)[ Preliminary -- for discsussion only ]
Dated Date 12/01/2028Delivery Date 12/01/2028
5/2/18: Ser 18 NR SP, 5.00%, 100x, 55.277mls, 6% BiRE
Period PrincipalEnding Redeemed Total
12/01/2028 3,440,000.00 3,440,000.00
3,440,000.00 3,440,000.00
11
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Memorandum
TO: Mayor and City Council FROM: Patrick Goff, City Manager DATE: June 27, 2018 (for July 2, 2018 Study Session)
SUBJECT: Selection of the Neighborhood Revitalization Strategy Steering Committee
ISSUE: The City entered into a contract with czb LLC for an update to the 2005 Neighborhood Revitalization Strategy (NRS) that will include an extensive public outreach effort to determine how the City makes the most of the assets it has resurrected, nurtured, invested in, grown and
must now optimize and to answer the question, “What does the City want to be in the coming
decades?” czb proposes to approach the challenge of community engagement and neighborhood strategy development through their time-tested approach of working closely with a City Council-
impaneled Steering Committee. The Committee will be responsible for oversight, direction
setting, outreach, and ultimately, becoming a voice for Wheat Ridge on neighborhoods and resident quality of life. BACKGROUND: In 2005, City Council adopted the Neighborhood Revitalization Strategy (NRS) Report,
Repositioning Wheat Ridge, and adopted its findings and recommendations as guiding principles for revitalizing the City. The strategies and recommendations contained in the 2005 NRS were focused on leveraging the City’s strengths and addressing its challenges to assist in returning the City to a vibrant community with a healthy housing market and the thriving commercial centers needed to
generate fiscal stability.
Most would acknowledge that Wheat Ridge has changed after 13 years and continues to do so, even if feelings about the nature of the City’s development are not uniformly shared. Now is the time to update the NRS to determine what the City wants to be today and into the future.
A Steering Committee representing multiple interests of the community is being formed to provide guidance during a year-long study. The City is looking to establish a committee that represents new and long-term residents, renters and homeowners, business owners, and other critical community stakeholders. Applications were made available on June 1, 2018 with an initial due date of June 25.
City Council agreed to extend the due date to June 29.
Neighborhood Revitalization Strategy Steering Committee Selection
July 2, 2018
Page 2 RECOMMENDATIONS As of Wednesday, June 27, the City received 25 applications from interested community members.
The recommendation from czb was to impanel a committee of 16 to 22 members which will allow for enough diversity to capture a range of technical and leadership abilities. Additional recommended committee attributes from czb include:
1. Roughly half women and half men - Applicants: 17 women and 8 men 2. 50% homeowners and 50% renters
- Applicants: 100% homeowners and 0% renters
3. Inclusion of a few business owners or a hospital or other executive - Applicants: 6 business owners and/or executives
4. No less than half should have moved to the community within the last 10 years
- Applicants: 14 moved to Wheat Ridge within the last 10 years 5. At least 2 should have moved to the community within the last 2 years - Applicants: 7 moved to Wheat Ridge within the last 2 years
6. At least 2 should have lived in the community at least 25 years - Applicants: 5 have lived in the community 25 year or more 7. At least 1 rental property owner
- Applicants: 2 rental property owners
Staff recommends that City Council review the applications for the NRS Steering Committee and select a slate of candidates based on the parameters outlined in czb’s guidelines for approval at the July 9 regular meeting. Once the Steering Committee is selected, czb will conduct a kick-off
meeting with the Committee on July 18, 2018 from 4 - 7 p.m.
ATTACHMENT(S): 1. Building a Steering Committee for the 2019 NRS Update 2. NRS Steering Committee Applications Matrix
3. NRS Steering Committee Applications
BUILDING A STEERING COMMITTEE FOR THE 2019 NRS UPDATE Community engagement is an undisputed cornerstone of good planning. Good planning
depends on both the depth of dialogue surfaced among stakeholders, and the extent to which participants broadly and accurately reflect the community. Achieving depth is a function of time and pressure on one hand, and skilled facilitation and leadership on the other. Broad and
accurate representation is a derivative of outreach, intentionality, and experience. Enduring engagement work validates future decision making. It gives a defensible basis for
making hard choices many would prefer to avoid. Achieving these aims transparently and with integrity is not going to occur via social media or the latest engagement app, though such tools can add value if used thoughtfully. CHOOSING INDIVIDUAL COMMITTEE MEMBERS At the core of good engagement is a broadly representative Steering Committee whose integrity
is not in question. Members must possess three non-negotiable qualities that all openly agree are present.
1. They must have a track record of honesty. 2. They must have technical abilities to engage with the subject matter. 3. They must be able to play well with others. Other things to note for individual members:
• Dissent from prevailing views is not a disqualifier; a dissenting view is usually essential for progress.
• In place of lengthy experience and proven technical skill, a combination of good intent,
earnestness, a capacity to learn, and first-hand experience with a germane issue are more than sufficient.
• Being quirky is not a disqualifier. Indeed a person who colors a bit outside the lines adds not just diversity of viewpoint but color and flavor, and these are essential qualities.
• The work in the NRS update will not be pleasing to everyone 100% of the time, so
residents and stakeholders with the ability to play well in the sandbox are prized.
• Those who have proven themselves to be inherently disagreeable should not be considered for membership on this important committee. Likability matters and empathy is important. PRINCIPLES FOR COMMITTEE COMPOSITION There are overall principles that have proved invaluable in the selection and impaneling of a
Steering Committee tasked with leading a community planning endeavor. The SIZE of the group should be 16-22 people
• The Committee should be comprised of individuals who understand the level and nature of the work involved. This includes the work of mastering content on the technical side plus
exercising leadership when growth and adaptation by the community are called for. The group’s size allows for enough diversity to capture a range of technical and leadership abilities, assuming that all members meet a minimum threshold.
ATTACHMENT 1
• Members should be able to commit to the whole project end to end. Not everyone can make every meeting. But everyone should be able to be reliably prepared and present for 90 percent of the meetings. The group’s size allows for work to continue even during the
inevitable absences of individual members.
• All recognized geographies should be represented; none overtly over-represented and none acutely under-represented. The group’s size allows for the entire area of the city to be represented.
The Committee should have BALANCE in a number of important respects.
• Roughly half should be women and half men.
• Roughly 25% should be new voices; the other 75% can be the usual suspects.
• For a project like the NRS update, about 50% of the committee should be home owners and 50% renters, to the greatest extent possible.
• Not everyone need be a resident of Wheat Ridge, but they must be critical stakeholders. This will usually mean inclusion of a few business owners or a hospital or other executive.
• No less than half of the Committee should be fairly new to Wheat Ridge, in which “new” is
defined as having moved into the community in the last ten years.
• At least two members of a committee this size should be genuinely new (less than two years) and at least two should be members who have been in the community at least 25 years.
• Representation from rental property owners is important, which means at minimum one
person who is a landlord. A high functioning committee will have KEY ATTRIBUTES.
• It should have co-chairs, not a single chair.
• The committee should expect close working relations, frequently informal. House parties, BBQs, meetings at coffee shops, bakeries, etc. should be expected. Members should
expect to host at least one meeting at their private residence during the project, unless circumstances simply do not allow for that.
• The group will work hard during the course of the project.
• Everybody on the committee should be comfortable with and willing to share mobile numbers and email addresses.
CONTENT MASTERY is not a pre-requisite but it must be obtainable along the way.
• Members will have to welcome the work of learning the subjects at hand: neighborhood dynamics, real estate finance, and related econometric material.
• Members will be called upon to lead small group discussions and make large group and perhaps community-wide presentations.
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2
ATTACHMENT 3
Neighborhood Revitalization Strategy
Steering Committee Applications
Applications are due June 25, 2018 at 5 p.m. Please submit to Laura McAvoy in person, by mail or email. 7500 W. 29th Avenue, Wheat Ridge, CO 80033 lmcavoy@ci.wheatridge.co.us
Neighborhood Revitalization Strategy Steering Committee Application
Name:
Zip:
Alt. Phone:
Address:
Phone:
Email Address:
Number of years lived in Wheat Ridge: Gender: Male Female
I live in Council District:
District I District II District III District IV
Select all that apply, I am a:
Homeowner Renter Business Owner Rental Property Owner
Do you belong to or participate in any City/community organizations?
Why do you want to serve on the Committee?
What do you believe are the top three City priorities?
Attendance is required from 4 - 7 p.m. on Wednesday, July 18, 2018, AND Wednesday,
September 5, 2018, for critical meetings. Please indicate you are available on both
dates. July 18 September 5
Signature Date
Ron Abo
45 Hillside Drive 80215
720-236-7977 720-214-7790
ron@theabogroup.com
23 years ✔
✔
✔
Yes. Localworks Board of Directors, Building Code Advisory Committee
I am interested in the revitalization of neighborhoods in Wheat Ridge.
Increase in economic development opportunities
Increase in redevelopment and density along commercial corridors
Conservation and access to open space.
✔✔
Digitally signed by Ronald K. Abo
Date: 2018.06.08 10:33:03 -06'00'6/8/2018
Applications are due June 25, 2018 at 5 p.m. Please submit to Laura McAvoy in person, by mail or email. 7500 W. 29th Avenue, Wheat Ridge, CO 80033 lmcavoy@ci.wheatridge.co.us
Neighborhood Revitalization Strategy Steering Committee Application
Name:
Zip:
Alt. Phone:
Address:
Phone:
Email Address:
Number of years lived in Wheat Ridge: Gender: Male Female
I live in Council District:
District I District II District III District IV
Select all that apply, I am a:
Homeowner Renter Business Owner Rental Property Owner
Do you belong to or participate in any City/community organizations?
Why do you want to serve on the Committee?
What do you believe are the top three City priorities?
Attendance is required from 4 - 7 p.m. on Wednesday, July 18, 2018, AND Wednesday,
September 5, 2018, for critical meetings. Please indicate you are available on both
dates. July 18 September 5
Signature Date
Christopher P Bird
4931 Garrison St. Apt. #206 80033
720-323-5341
88birdc@gmail.com
3 ✔
✔
✔
N/A
Being a first time home buyer and choosing Wheat Ridge to be home for my family, I am committed to
seeing our community thrive. As an environmental scientist specializing in hazard mitigation, I believe
I can offer knowledgeable insight to the steering committee and city on environmental issues and regulation.
Maintaining a strong commitment to public safety
Diverse and affordable housing options
Business revitalization throughout the city
✔✔
Christopher P Bird Digitally signed by Christopher P Bird Date: 2018.06.20 18:31:54 -06'00'6/20/2018
Applications are due June 25, 2018 at 5 p.m. Please submit to Laura McAvoy in person, by mail or email. 7500 W. 29th Avenue, Wheat Ridge, CO 80033 lmcavoy@ci.wheatridge.co.us
Neighborhood Revitalization Strategy Steering Committee Application
Name:
Zip:
Alt. Phone:
Address:
Phone:
Email Address:
Number of years lived in Wheat Ridge: Gender: Male Female
I live in Council District:
District I District II District III District IV
Select all that apply, I am a:
Homeowner Renter Business Owner Rental Property Owner
Do you belong to or participate in any City/community organizations?
Why do you want to serve on the Committee?
What do you believe are the top three City priorities?
Attendance is required from 4 - 7 p.m. on Wednesday, July 18, 2018, AND Wednesday,
September 5, 2018, for critical meetings. Please indicate you are available on both
dates. July 18 September 5
Signature Date
dates. July 18 September 5
Signature
Nichole Carter
2922 Depew Street 80214
303-921-3330
ncarter@catamountinc.com
3 ✔
✔
✔
Local Works volunteer.
I would love to assist in shaping the growth and development wisely, with
considerations for all Wheat Ridge residents.
Accessible mixed income housing.
Infrastructure investments.
Vibrant commercial areas that help us grow a solid tax revenue.
✔✔
6/26/2018
Applications are due June 25, 2018 at 5 p.m. Please submit to Laura McAvoy in person, by mail or email. 7500 W. 29th Avenue, Wheat Ridge, CO 80033 lmcavoy@ci.wheatridge.co.us
Neighborhood Revitalization Strategy Steering Committee Application
Name:
Zip:
Alt. Phone:
Address:
Phone:
Email Address:
Number of years lived in Wheat Ridge: Gender: Male Female
I live in Council District:
District I District II District III District IV
Select all that apply, I am a:
Homeowner Renter Business Owner Rental Property Owner
Do you belong to or participate in any City/community organizations?
Why do you want to serve on the Committee?
What do you believe are the top three City priorities?
Attendance is required from 4 - 7 p.m. on Wednesday, July 18, 2018, AND Wednesday,
September 5, 2018, for critical meetings. Please indicate you are available on both
dates. July 18 September 5
Signature Date
Kimberly DeJong
4035 Cody St 80033
720-530-3797
kimmyindenver@gmail.com
4.5 ✔
✔
✔
Wheaties Academy 2018, Active Transportation Advisory Team
I believe that Wheat Ridge has a lot of wonderful potential to be a thriving community. I am fairly new to the community and want to bring a
balanced voice for progress with a sensitivity to our City's past. Change is inevitable, but we can be smart about what we want to see here.
As an engaged citizen, I want to be a part of the team that brings forward the possibilities for positive change and development.
Upgrades to create community: walkability, connectivity, safety, placemaking
Upgrades to create pride in our community: roads, parks, home improvements, business store fronts
By investing in our community and building pride, the City will be able to attract businesses and development that work with our values and goals.
✔✔
Kimberly L. DeJong Digitally signed by Kimberly L. DeJong Date: 2018.06.26 14:11:17 -06'00'06-26-18
Kristine Disney
Page 2
Applications are due June 25, 2018 at 5 p.m. Please submit to Laura McAvoy in person, by mail or email. 7500 W. 29th Avenue, Wheat Ridge, CO 80033 lmcavoy@ci.wheatridge.co.us
Neighborhood Revitalization Strategy Steering Committee Application
Name:
Zip:
Alt. Phone:
Address:
Phone:
Email Address:
Number of years lived in Wheat Ridge: Gender: Male Female
I live in Council District:
District I District II District III District IV
Select all that apply, I am a:
Homeowner Renter Business Owner Rental Property Owner
Do you belong to or participate in any City/community organizations?
Why do you want to serve on the Committee?
What do you believe are the top three City priorities?
Attendance is required from 4 - 7 p.m. on Wednesday, July 18, 2018, AND Wednesday,
September 5, 2018, for critical meetings. Please indicate you are available on both
dates. July 18 September 5
Signature Date
Christine Fraser
3383 Simms Street Wheat Ridge 80033
303-974-8619
Christine@christinefraser.com
10+✔
✔
✔
Creator and administrator of Wheat Ridge Gardeners Facebook page which has more than 800 members. I've participated in several events in town.
To help the Community update existing plans in an effort
to move the City forward in a positive direction.
Revenue, housing and beautification
✔✔
6-26-18
Applications are due June 25, 2018 at 5 p.m. Please submit to Laura McAvoy in person, by mail or email. 7500 W. 29th Avenue, Wheat Ridge, CO 80033 lmcavoy@ci.wheatridge.co.us
Neighborhood Revitalization Strategy Steering Committee Application
Name:
Zip:
Alt. Phone:
Address:
Phone:
Email Address:
Number of years lived in Wheat Ridge: Gender: Male Female
I live in Council District:
District I District II District III District IV
Select all that apply, I am a:
Homeowner Renter Business Owner Rental Property Owner
Do you belong to or participate in any City/community organizations?
Why do you want to serve on the Committee?
What do you believe are the top three City priorities?
Attendance is required from 4 - 7 p.m. on Wednesday, July 18, 2018, AND Wednesday,
September 5, 2018, for critical meetings. Please indicate you are available on both
dates. July 18 September 5
Signature Date
Jennifer Hayden
6550 W 44th Place 80033
303-968-6802 303-656-3025
hayden1870@gmail.com
1 ✔
✔
✔
Sts Peter and Paul Church; Wheat Ridge Local Works;
Colorado Gubernatorial Race Volunteer
I want Wheat Ridge to be "the go to place". I want people to say "WOW" when I tellthem
I live in Wheat Ridge. Wheat Ridge should be a vibrant, growing community for all. My
background and experience support this vision and I'm ready to make it happen.
The 3 priorities should be: 1) upscale retail, business and restaurants; 2) Family and
youth resources and events; 3) and natural outdoor trials, riverwalks, and parks.
✔✔
Digitally signed by Jennifer Hayden DN: cn=Jennifer Hayden, o, ou, email=jhayden@hayden-law.com, c=US Date: 2018.06.24 20:04:47 -06'00'6/22/18
Applications are due June 25, 2018 at 5 p.m. Please submit to Laura McAvoy in person, by mail or email. 7500 W. 29th Avenue, Wheat Ridge, CO 80033 lmcavoy@ci.wheatridge.co.us
Neighborhood Revitalization Strategy Steering Committee Application
Name:
Zip:
Alt. Phone:
Address:
Phone:
Email Address:
Number of years lived in Wheat Ridge: Gender:
Applications are due June 25, 2018 at 5 p.m. Please submit to Laura McAvoy in person, by mail or email. 7500 W. 29th Avenue, Wheat Ridge, CO 80033 lmcavoy@ci.wheatridge.co.us
Neighborhood Revitalization Strategy Steering Committee Application
Name:
Zip:
Alt. Phone:
Address:
Phone:
Email Address:
Number of years lived in Wheat Ridge: Gender:
Applications are due June 25, 2018 at 5 p.m. Please submit to Laura McAvoy in person, by mail or email. 7500 W. 29th Avenue, Wheat Ridge, CO 80033 lmcavoy@ci.wheatridge.co.us
Neighborhood Revitalization Strategy Steering Committee Application
Name:
Zip:
Alt. Phone:
Address:
Phone:
Email Address:
Number of years lived in Wheat Ridge: Gender: Male Female
I live in Council District:
District I District II District III District IV
Select all that apply, I am a:
Homeowner Renter Business Owner Rental Property Owner
Do you belong to or participate in any City/community organizations?
Why do you want to serve on the Committee?
What do you believe are the top three City priorities?
Attendance is required from 4 - 7 p.m. on Wednesday, July 18, 2018, AND Wednesday,
September 5, 2018, for critical meetings. Please indicate you are available on both
dates. July 18 September 5
Signature Date
Morgan Richards
3255 Ames Street, Wheat Ridge CO 80212
720-935-3512 303-254-1999
ephilanthropia@gmail.com
18 ✔
✔
✔
Just completed Wheaties Academy. 12-year volunteer for Heritage Camp for Adoptive Families,
including 5 years as a director of annual family camp which supports transracial adoptive families.
I would like to serve on the Neighborhood Revitalization Strategy Steering Committee because while I have lived in Wheat Ridge for nearly 20 years,
I recognize it is imperative for us to engage our community and hammer out a path for the future of our city. And, I believe my background in
communications, healthcare, utilities, nonprofits and community building are skills that could help support this initiative. I have the experience to help ensure underrepresented voices are sought out and heard.
1. Increase tax revenues with positive businesses
2. Setting our guide star for success and development rather than resistingit
3. Creating authentic connection and engagement with residents
✔✔
Digitally signed by Morgan Richards Date: 2018.06.25 21:11:51 -06'00'
Morgan L. Richards 3255 Ames Street Wheat Ridge, CO 80212 720‐935‐3512
mrichards@tristategt.org
Experienced social media and digital marketing producer. Able to connect with constituents in an
authentic and mindful manner, while delivering record results. I have achieved positive results in my
career due to my foundational philosophy which includes:
transactions are the ultimate Key Performance Indicators
transparency and collaboration nurtures productive relationships
relationships hinge on active listening
attention to detail and data matters as much as the ability to connect
MARKETING
15 years marketing experience in fundraising, healthcare, retail and hospitality; plus 8 years on
social media in fundraising, retail and healthcare.
Launched and managed 8 social media channels for Foundation of nationally‐ranked children’s
hospital.
Set data‐driven strategy and executed 18 social media campaigns annually including social
media advertising and management of organic SEO and paid ad words.
Presented nationally and in rural Colorado on using social media as an engagement and listening
tool. Also imparted principals of using analytics to frame strategy and tactics.
Developed early‐generation Facebook update app, featured by the Chronicle of Philanthropy.
3 years corporate communications at SunAmerica.
Experienced marketing writer and newspaper reporter, which allowed me to emerge as a highly‐
skilled brand journalist and communicator.
Award‐winning social media and email content creator.
ENGAGEMENT
Expert at using multi‐channel digital communications to enhance customer relationships.
Built working partnerships with hospital web and marketing teams to advance the conversion
goals of the Foundation and Children’s Colorado.
As director of nonprofit camp for transracial adoptive families, tripled attendance and jettisoned
event out of a long‐running deficit.
Trained in service recovery and conflict communications.
PROJECT MANAGEMENT
Frequently managed competing priorities to create successful project outcomes.
Communication and expectation reflection to keep projects on schedule and budget.
Solution and best‐practice focused with a detail orientation for repeatable production
processes.
Team collaboration expert for cross‐industry ownership.
Morgan Richards
Page 2
HISTORY
Tri‐State G&T, Westminster – 2016 ‐ Present
Social Media & Marketing Coordinator
Responsibilities include strategy, content development and production for website, corporate email and
social media, digital advertising, virtual reality development, project and event management and writing
for print, radio advertising. Content creation, curation and production for SVP of Communication’s
enewsletter. Assist with Touchstone Energy Cooperatives sponsorships including lead for Alice Cares for
Kids radiothon and day at the game at University of Wyoming, University of New Mexico and New
Mexico State University. Power and renewable campaign event support. Worked on development of Elk
Ridge Outfitters sales strategy, website and marketing materials.
Children's Hospital Colorado Foundation, Aurora, CO 2007 – 2015
Manager of Digital Communications
Managed social media, email and websites for Foundation which raised $30‐40 million a year.
Children's Hospital Colorado, Aurora, CO 2003‐2007 Physician Relations Representative, 2004‐2007
Employed a relationship‐based strategy to sustain community physician referrals to Children’s Colorado.
Training Coordinator Dept. of Psychiatry and Behavioral Health, 2003‐2004 Managed operations of
department’s training program for clinical students.
Gatelys.com, Denver, CO 2006‐2007
Web Marketing Associate Curated and created digital content for fitness equipment and modern
furniture; assisted with media and ad word buys.
Fidelity Communications, Denver, CO 2000‐2003
Marketing Traffic Manager Niche marketing agency for 35 high‐end, audio‐video retail stores and more
than 150 manufacturers across the country. Developed customizable web and email content program
for clients.
AWARDS
2014 Colorado Healthcare Communicators’ Silver Leaf winner for year‐end giving campaign which
boosted online donations by triple the previous year. Won Bronze Leaf for year‐end advent‐style social
media campaign.
ACTIVITIES
Wheaties Leadership Academy, civic leadership development program, Jan. to June 2016
Member of Employee Wellness Committee at Children’s Hospital Colorado, 2014 to 2015.
Completed 24‐hours of project management training at Children’s Hospital Colorado, January
2014.
Participated in Children’s Hospital Colorado’s leadership coaching program, 2013.
Parent Advisory Board member for Altogether Outdoors, a summer camp, 2013 to present.
Programming Coordinator of African Caribbean Heritage Camp, 2014, a camp for adoptive
families.
Marketing Committee of Heritage Camps for Adoptive Families, 2010‐2013. Volunteer director
of African Caribbean Heritage Camp, 2008‐2012.
Morgan Richards
Page 3
EDUCATION
Completing Technical Journalism B.S., Colorado State University, Fall 2018
SOFTWARE
Sprout Social, Hootsuite, Adobe Creative Suite, WordPress, Luminate Online CMS, Microsoft Movie
Maker, HTML 5.0, Microsoft Office, SmartSheets.
MANAGED SOCIAL MEDIA
Facebook, Instagram, LinkedIn, Pintrest, Twitter, YouTube
Korey Stites
Page 2
Applications are due June 25, 2018 at 5 p.m. Please submit to Laura McAvoy in person, by mail or email. 7500 W. 29th Avenue, Wheat Ridge, CO 80033 lmcavoy@ci.wheatridge.co.us
Neighborhood Revitalization Strategy Steering Committee Application
Name:
Zip:
Alt. Phone:
Address:
Phone:
Email Address:
Number of years lived in Wheat Ridge: Gender: Male Female
I live in Council District:
District I District II District III District IV
Select all that apply, I am a:
Homeowner Renter Business Owner Rental Property Owner
Do you belong to or participate in any City/community organizations?
Why do you want to serve on the Committee?
What do you believe are the top three City priorities?
Attendance is required from 4 - 7 p.m. on Wednesday, July 18, 2018, AND Wednesday,
September 5, 2018, for critical meetings. Please indicate you are available on both
dates. July 18 September 5
Signature Date
Jill Tew
3926 Rolfe Ct 80033
718.964.7857
jillrcarty@gmail.com
<1 ✔
✔
✔
I recently moved to Wheat Ridge from Denver's Park Hill neighborhood. I am on the Board of Roots Elementary, a Park Hill elementary school serving underserved families.
I am also a strategic advisor to Park Hill Collective Impact, a backbone organization serving Park Hill.
I believe strongly in civic engagement and in using my skills and energy to serve the community where I live.
In my career I have led major strategic, community engagement, financial, and construction initiatives, and I'm excited
to have an opportunity to use those skills to contribute to the future of a city where I hope to raise my family.
- Encouraging a sense of community in the face of changing demographics (age, ethnicity, etc.)
- Rising housing costs
- Generating revenue for the city in order to fund much-needed developments (to encourage growth!)
✔✔
Jill Tew Digitally signed by Jill Tew
Date: 2018.06.25 20:34:51 -06'00'6/25/18
Neighborhood Revitalization Strategy Steering Committee Application
Name: James A. Wright
Address: 4655 Balsam St,
Zip : 80033
Phone: 303-420-1677
Alt. Phone: 720-453-3561 cell
Email Address: jwnorman1955@gmail.com
Number of years lived in Wheat Ridge: 25 Gender: Male
I live in Council District: 2
District I District II District III District IV
Select all that apply, I am a: Homeowner
Homeowner Renter Business Owner Rental Property
Owner
Do you belong to or participate in any City/community organizations? No
Why do you want to serve on the Committee? I want to be able, when asked
“ where do I live” to say Wheat Ridge and be proud.
What do you believe are the top three City priorities? City curb appeal . Homelessness , Crime
Attendance is required from 4 - 7 p.m. on Wednesday, July 18, 2018, AND Wednesday,
September 5, 2018, for critical meetings. Please indicate you are available on both dates. July 18
September 5
Signature Date
Applications are due June 25, 2018 at 5 p.m. Please submit to Laura McAvoy in person, by mail or email.
7500 W. 29th Avenue, Wheat Ridge, CO 80033 lmcavoy@ci.wheatridge.co.us