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CO3 Braddock Flats

APPROVAL OF THIS DEVELOPMENT AGREEMENT CONSTITUTES A VESTED
PROPERTY RIGHT PURSUANT TO ARTICLE 68 OF TITLE 24, COLORADO
REVISED STATUTES, AS AMENDED

DEVELOPMENT AGREEMENT

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This Development Agreement (Agreement) is made as of the _____ day of

__________, 2014 among the TOWN OF BRECKENRIDGE, a municipal corporation of the
State of Colorado (the Town) and COLORADO RSA NO. 3 LIMITED PARTNERSHIP
D/B/A VERIZON WIRELESS (Verizon Wireless).

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Recitals

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A.
Verizon Wireless has entered into a Land and Rooftop Lease Agreement
(Lease) with Red, White and Blue Fire Department, Inc., a Colorado non-profit corporation
(Owner) for the lease of a portion of the land and on a rooftop at property located at 13549
Highway 9, Breckenridge, Colorado 80424, and legally described as: Tract F, West Braddock
Subdivision, as shown on the Plat thereof recorded December 1, 2006, under Reception
No. 840219, County of Summit, State of Colorado (the Property).

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B.
The Owner of the Property has consented in writing to Verizon Wirelesss
application to the Town for this Agreement, and a copy of such written consent has been
provided to the Town.

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C.
Verizon Wireless has filed an application for a Development Permit with the
Town for the placement of a communications facility upon the Property, and as of the result of
such application, Verizon Wireless and the Town have identified circumstances or conditions of
the Property and features of the proposed construction that make it extremely difficult, to obtain
the density permitted and reach the building height needed for the project without obtaining
relief from provisions of the Towns Development Code through this Agreement.

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D.
The placement of a communications facility shed upon the Property as proposed
by Verizon Wireless, and the building height of the raised cupola on the Property, will exceed
the density and building height allowed for the Property under the Development Code.

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E.
Pursuant to Chapter 9 of Title 9 the Breckenridge Town Code the Town Council
has the authority to enter into this Agreement. Further, in connection with a Class A
development permit, a development agreement provides a means for the approval and transfer of
density pursuant to a certificate of development rights (TDRs) issued pursuant to the
Intergovernmental Agreement concerning transfer of development rights between the Town and
Summit County, Colorado (IGA).

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F.
Pursuant to Chapter 9 of Title 9 of the Breckenridge Town Code the Town
Council has the authority to enter into a development agreement.

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G.
In connection with the placement of the communications facility upon the
Property as proposed by Verizon Wireless, a waiver from the provisions of Section 9-1-19-3
(Relative) (Density) and Section 9-1-19-6 (Relative) (Building Height) to allow for the
placement of the communications facility upon the Property. All parties agree that the
communications facility will be of great benefit to the citizens of the Town.

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H.
As the commitment encouraged to be made in connection with an application for
a development agreement in accordance with Section 9-9-4 of the Breckenridge Town Code,
Verizon Wireless has proposed to build the facility which will assist in meeting the publics
demand for improved communications services in the area, and Verizon Wireless will blend the
construction of the communications facility cupola and shed with architecture of the Owners
current structure.

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I.
The Town Council has received a completed application and all required
submittals for a development agreement, had a preliminary discussion of the application and this
Agreement, determined that it should commence proceedings for the approval of this Agreement
and, in accordance with the procedures set forth in Subsection 9-9-10:C of the Breckenridge
Town Code, has approved this Agreement by non-emergency ordinance.

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Agreement

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1.
Upon final approval of the Development Permit, and the passage of any time
periods within which any referendum, appeal, or other challenge to the approval of the
Development Permit must be brought, without any such referendum, appeal, or other challenge
having been filed, commenced or asserted, Verizon Wireless shall purchase and pay the thencurrent price per TDR as provided in the IGA for each TDR required to support Verizon
Wirelesss development approved by the Development Permit, which amount is anticipated as of
the date of this Agreement to be approximately 0.34 TDRs, which would cost $17,663.00 1 if paid
in 2014.

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2.
The provisions of Section 9-1-19-3 (Relative) (Density) and Section 9-1-19-6
(Relative) (Building Height) of the Development Code notwithstanding, in connection with the
development of the Property as proposed by Verizon Wireless in the Development Permit
application, negative points shall not be assessed against the application for density and building
height.

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3.
Except as provided in Section 24-68-105, C.R.S. and except as specifically
provided for herein, the execution of this Agreement shall not preclude the current or future
application of municipal, state or federal ordinances, laws, rules or regulations to the Property
(collectively, laws), including, but not limited to, building, fire, plumbing, engineering,
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The proposed Verizon Wireless shelter is 336 square feet in size (rounded to 340 square feet). One full TDR costs
$51,950.00. One unit of commercial density = 1,000 square feet. Thus, 340/1000 x $51,950.00 = $17,663.00.
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electrical and mechanical codes, and the Towns Development Code, Subdivision Standards and
other land use laws, as the same may be in effect from time to time throughout the term of this
Agreement. Except to the extent the Town otherwise specifically agrees, any development of the
Property which is the subject of this Agreement and the Permit shall be done in compliance with
the then-current laws of the Town.

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4.
Nothing in this Agreement shall preclude or otherwise limit the lawful authority
of the Town to adopt or amend any Town law, including, but not limited to the Towns:
(i) Development Code, (ii) Master Plan, (iii) Land Use Guidelines and (iv) Subdivision Standards.

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5.
This Agreement shall run with the land and shall be binding upon and inure to the
benefit of Town and Verizon Wireless, their successors and assigns.

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6.
The Town shall not be responsible for and Verizon Wireless shall have no remedy
against the Town if development of the Property is prevented or delayed for reasons beyond the
control of the Town.

8.
Prior to any action against the Town for breach of this Agreement, Verizon
Wireless shall give the Town a sixty (60) day written notice of any claim by Verizon Wireless of
a breach or default by the Town, and the Town shall have the opportunity to cure such alleged
default within such time period.

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9.
No official or employee of the Town shall be personally responsible for any
actual or alleged breach of this Agreement by the Town.

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10.
Verizon Wireless agrees to indemnify and hold the Town, its officers, employees,
insurers, and self-insurance pool, harmless from and against all liability, claims, and demands, on
account of injury, loss, or damage, including without limitation claims arising from bodily injury,
personal injury, sickness, disease, death, property loss or damage, or any other loss of any kind
whatsoever, which arise out of or are in any manner connected with such benefits under this
Agreement, if such injury, loss, or damage is caused by the negligence or wrongful intentional act
or omission of Verizon Wireless; any subcontractor of Verizon Wireless, or any officer,
employee, representative, or agent of Verizon Wireless or of any subcontractor of Verizon
Wireless, or which arise out of any workers compensation claim of any employee of Verizon
Wireless, or of any employee of any subcontractor of Verizon Wireless; except to the extent such
liability, claim or demand arises through the negligence or intentional act or omission of Town, its
officers, employees, or agents. Verizon Wireless agrees to investigate, handle, respond to, and to
provide defense for and defend against, any such liability, claims, or demands at the sole expense
of Verizon Wireless. Verizon Wireless also agrees to bear all other reasonable costs and expenses
related thereto, including court costs and attorneys fees.

7.
Actual development of the Property shall require the issuance of such other and
further permits and approvals by the Town as may be required from time to time by applicable
Town ordinances.

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11.
If any provision of this Agreement shall be invalid, illegal or unenforceable, it
shall not affect or impair the validity, legality or enforceability of the remaining provisions of the
Agreement.

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12.
This Agreement constitutes a vested property right pursuant to Article 68 of
Title 24, Colorado Revised Statutes, as amended.

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13.
No waiver of any provision of this Agreement shall be deemed or constitute a
waiver of any other provision, nor shall it be deemed to constitute a continuing waiver unless
expressly provided for by a written amendment to this Agreement signed by both Town and
Verizon Wireless; nor shall the waiver of any default under this Agreement be deemed a waiver
of any subsequent default or defaults of the same type. The Towns failure to exercise any right
under this Agreement shall not constitute the approval of any wrongful act by Verizon Wireless or
the acceptance of any improvements.

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14.
This Agreement shall be recorded in the office of the Clerk and Recorder of
Summit County, Colorado.

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15.
Nothing contained in this Agreement shall constitute a waiver of the Towns
sovereign immunity under any applicable state or federal law.

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16.
Personal jurisdiction and venue for any civil action commenced by either party to
this Agreement shall be deemed to be proper only if such action is commenced in District Court
of Summit County, Colorado. Verizon Wireless expressly waives its right to bring such action in
or to remove such action to any other court, whether state or federal.

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17.
All notices hereunder must be in writing and shall be deemed validly given if sent
by certified mail, return receipt requested or by commercial courier, provided the courier's regular
business is delivery service and provided further that it guarantees delivery to the addressee by the
end of the next business day following the courier's receipt from the sender, addressed as follows
(or any other address that the Party to be notified may have designated to the sender by like
notice):
If to the Town:

Timothy J. Gagen, Town Manager

Town of Breckenridge
P.O. Box 168
Breckenridge, Colorado 80424

With A Copy (which shall not

constitute notice to the Town)
to:

Timothy H. Berry, Esq.

Town Attorney
P.O. Box 2
Leadville, Colorado 80461

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If to Verizon Wireless:

Colorado RSA No. 3 Limited Partnership

d/b/a Verizon Wireless
180 Washington Valley Road
Bedminster, New Jersey 07921

With A Copy (which shall not

constitute notice to Verizon
Wireless) to:

Mark W. Williams, Esq.

Ryan M. Christ, Esq.
Sherman & Howard L.L.C.
633 17th Street, Suite 3000
Denver, CO 80202

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18.
This Agreement constitutes the entire agreement and understanding between the
parties relating to the subject matter of this Agreement and supersedes any prior agreement or
understanding relating to such subject matter.

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19.
Should the Town amend the Breckenridge Town Code prior to the issuance of the
Development Permit for this communications facility to have specific provisions for the review
and approval of the placement and construction of communications facilities, the parties shall
revisit the terms of this Agreement including, but not limited to, revoking it in its entirety by an
instrument in writing signed by all of the parties and recorded in the books and records of the
Town Clerk.

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20.
This Agreement shall be interpreted in accordance with the laws of the State of
Colorado without regard to its conflict of laws rules that might require the Agreement to be
interpreted in accordance with the laws of any state other than the State of Colorado.

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[SEPARATE SIGNATURE PAGES TO FOLLOW]

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Attest:

TOWN OF BRECKENRIDGE, a Colorado

municipal corporation

Helen Cospolich
Town Clerk

By:
Timothy J. Gagen, Manager

STATE OF COLORADO
COUNTY OF SUMMIT

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The foregoing was acknowledged before me this _____ day of ________________, 2014
by Timothy J. Gagen, as Town Manager, and Helen Cospolich, as Town Clerk, of the Town of
Breckenridge, a Colorado municipal corporation.
Witness my hand and official seal.

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Notary Public

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My commission expires:

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COLORADO RSA NO. 3 LIMITED

PARTNERSHIP D/B/A VERIZON
WIRELESS
By:

Verizon Wireless (VAW) LLC,

Its General Partner

By:
Brian Mecum
Area Vice President Network
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CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT

State of California
County of Orange

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On ____________________, before me, _______________________, Notary Public,

personally appeared Brian Mecum, who proved to me on the basis of satisfactory evidence to be
the person whose name is subscribed to the within instrument and acknowledged to me that he
executed the same in his authorized capacity, and that by his signature on the instrument the
person, or the entity upon behalf of which the person acted, executed the instrument.

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I certify under PENALTY OF PERJURY under the laws of the State of California that the
foregoing paragraph is true and correct

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WITNESS my hand and official seal.

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Signature of Notary Public

BUS_RE/5240141.2

Place Notary Seal Above