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HomeMy WebLinkAboutRes 2014-08RESOLUTION NO.2014-08 A RESOLUTION OF THE MAYOR AND COUNCIL OF THE TOWN OF FOUNTAIN HILLS,ARIZONA,APPROVING THE FINAL SETTLEMENT AGREEMENT,AMENDED AND RESTATED MAY 1,2014,BETWEEN THE TOWN AND MCO PROPERTIES INC.,EN LLC AND ADERO CANYON LLC. BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE TOWN OF FOUNTAIN HILLS as follows: SECTION 1.The Final Settlement Agreement,Amended and Restated May 1, 2014, between the Town of Fountain Hills and MCO Properties Inc., EN LLC and Adero Canyon LLC (the "Agreement"),is hereby approved in substantially the form attached hereto as Exhibit A. SECTION 2. The Mayor, the Town Manager, the Town Clerk and the Town Attorney are hereby authorized and directed to execute all documents and take all steps necessary to carry out the purpose and intent of this Resolution. PASSED AND ADOPTED by the Mayor and Council of the Town of Fountain Hills, May 1,2014. FOR THE TOWN OF FOUNTAIN HILLS:ATTESTED TO: Bevelyn J.B REVIEWED BY:APPROVED AS TO FORM: ^s^JAGmaA/PuV/--—- Kenneth W.Buchanan,Town Manager Andrew J.McGuire,Town Attorney 2147237.1 2147237.1 EXHIBIT A TO RESOLUTION NO. 2014-08 [Amended and Restated Agreement] See following pages. 2112643.24 FINAL SETTLEMENT AGREEMENT Amended and Restated May 1, 2014 THIS AMENDED AND RESTATED FINAL SETTLEMENT AGREEMENT (this “Restated Agreement”) dated May 1, 2014 (the “Effective Date”), is between the Town of Fountain Hills, an Arizona municipal corporation (the “Town”), MCO Properties Inc., a Delaware corporation, successor-in-interest to MCO Properties L.P. d/b/a MCO Properties Limited Partnership, a Delaware limited partnership doing business in the State of Arizona (“MCO”), EN LLC d/b/a EN at Fountain Hills LLC, a Delaware limited liability company (“Eagles Nest”‘) and Adero Canyon LLC, a Delaware limited liability company (“Adero”). The Town, MCO, Eagles Nest and Adero are each referred to individually as a “Party” and collectively as the “Parties.” MCO, Eagles Nest and Adero are collectively referred to as the “Developer Parties.” RECITALS A. The Town and MCO are Parties to a Final Settlement Agreement dated December 4, 2001 (the “Original Agreement”) that (i) resolved litigation between MCO and the Town and (ii) governed the development of two parcels of real property: (i) approximately 431.20 acres as described on Exhibit A-1 and depicted on Exhibit A-2, both attached hereto (the “Eagle Ridge North Property”); and (ii) approximately 485.53 acres as described on Exhibit B-1 and depicted on Exhibit B-2, both attached hereto (the “Eagles Nest Property”). The Eagle’s Nest Property and rights pertaining thereto were conveyed by MCO to Eagles Nest and the Eagle Ridge North Property and rights pertaining thereto were conveyed to Adero. Accordingly, Eagles Nest and Adero have the rights hereunder as they pertain to their respective portions of the Property. The Eagle Ridge North Property and the Eagles Nest Property are collectively referred to herein as the “Property.” B. The Original Agreement was amended by a Final Settlement Agreement Addendum dated April 3, 2003, to modify the date for construction of Eagle Ridge Drive to the date a certificate of occupancy is issued for a home in Eagle Ridge North, and a First Amendment to Final Settlement Agreement dated October 6, 2011, to modify the “Initial Vesting Period” for the Property. The Original Agreement, as amended by the Addendum and First Amendment described above, is referred to as the “Agreement.” C. The dispute that necessitated the settlement evidenced by the Agreement has been resolved, all of the “Conditions” as defined in the Agreement have been satisfied, all of the “Pending Actions” described in Section 2 of the Agreement have been resolved by the appropriate court actions, the Town has acquired the approximately 354 acre parcel of land adjacent to the Property and referred to as the “New Preserve Land” and paid the “Purchase Price” and all other matters relating to such Pending Actions have been concluded. However, the Agreement continues to govern the development of the Property. D. The Eagle Ridge North Property referred to in the Agreement has been renamed as “Adero Canyon.” Accordingly, all references to what was previously named the Eagle Ridge North Property shall be referred to in this Restated Agreement as the Adero Canyon Property. 2112643.24 2 The Adero Canyon Property is now owned by Adero, and the Eagles Nest Property is now owned by Eagles Nest. E. Adero has (i) applied for Planned Area Development (“PAD”) rezoning of approximately 80 acres of Adero Canyon, to allow for conversion of 52 single-family, custom lots into 31 semi-custom single-family lots, 44 attached “Townhome” lots and 120 Condominium units (the “Adero Canyon PAD”), resulting in an increase in Adero Canyon of 173 dwelling units to a total of 343 and (ii) requested other modifications to the Agreement. As used in this Restated Agreement, all references to “Adero Canyon PAD” shall mean the exhibit to the Town-Council approved ordinance that adopts the PAD zoning for Adero Canyon, including all stipulations, alterations and conditions included as part of its approval (the “PAD Rezoning Ordinance”). The Parties agree and understand that all items submitted in Adero’s PAD application, and the letters, comments and other materials explaining or discussing that application, including MCO’s January 22, 2014, PAD Application brochure, are of no force and effect, and that Adero, MCO and the Town shall look solely to the Town’s regulations, the PAD Rezoning Ordinance and this Restated Agreement with respect to the zoning regulations for Adero Canyon. To the extent of any conflict between the PAD Rezoning Ordinance, this Restated Agreement and the Town’s regulations, the PAD Rezoning Ordinance shall control first, then this Restated Agreement and then the Town’s regulations. F. The Town has requested that MCO (i) convey to the Town the property identified as Maricopa County Assessor’s Parcel No. 176-13-617W, as more particularly described and depicted on Exhibit C, attached hereto and incorporated herein by reference (the “New Town Lot”), in exchange for a conveyance by the Town to Eagles Nest of Tract E identified on the Final Plat for Eagles Nest Parcel 11 (“Tract E”) which was originally conveyed to the Town for potential use as a fire station and the use of which would be modified to a single family residential lot (the “New Eagles Nest Lot”) and (ii) release and quitclaim to the Town all deed restrictions and reversionary rights retained by MCO pertaining to the real and personal property located at 11445 N. Saguaro Boulevard. The Parties have agreed to this exchange of real property for their mutual benefit and, accordingly, the Parties have agreed to modify the Agreement and the Eagles Nest Final Plat to provide for a change in the use of Tract E into the New Eagles Nest Lot and modification of the applicable documents so that Tract E benefits from all entitlements applicable to all other single family residential lots in the Eagles Nest subdivision. G. Eagles Nest has constructed a substantial portion of the Eagles Nest Property, and it is the Parties’ intent that Eagles Nest continue development of the Eagles Nest Property as contemplated by the Agreement, and that nothing in this Restated Agreement shall affect Eagles Nest or the Eagles Nest Property, except that the total lot count and overall disturbance shall be increased to permit the use of the New Eagles Nest Lot as a lot for construction of a single- family residence and the related provisions pertaining the New Eagles Nest Lot. H. In addition to and as a result of the Adero Canyon PAD, Adero Canyon is to be replatted and the existing right-of-way for Eagle Ridge Drive, which was dedicated to the Town as part of the master plat for Adero Canyon, MCR # 2001-1201370, dated December 20, 2001 (the “Existing Final Master Plat”), must be abandoned by the Town. The final master plat and 2112643.24 3 all final parcel plats for Adero Canyon shall be consistent with the Adero Canyon PAD and the new preliminary master plat approved concurrently with the PAD Rezoning Ordinance and the execution of this Restated Agreement (the “New Preliminary Master Plat”). Accordingly, the Town and Adero have agreed to modify the Agreement to accommodate the changes consistent with the new Preliminary Master Plat and Adero Canyon PAD. Adero shall also coordinate with the City of Scottsdale regarding the abandonment and rededication of the bicycle path near Eagle Ridge Drive. I. Upon its approval and execution, this Restated Agreement shall be deemed to replace and supersede the Agreement and the McDowell Preserve Settlement Agreement dated June 27, 2001. AGREEMENT NOW, THEREFORE, in consideration of the foregoing recitals, which are incorporated herein by reference, the following mutual covenants and conditions, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Town and the Developer Parties hereby agree as follows: 1. Lot Exchange. 1.1 Town Approvals. The Town shall approve a modification to the Eagles Nest Final Plat without fees payable by MCO or Eagles Nest to the Town and without any stipulations that are not already contained in the existing approved subdivision, such that the use of Tract E shall be changed from fire station use to use as the New Eagles Nest Lot, and record the amendment to the Eagles Nest Final Plat in the records of the Maricopa County Recorder’s Office. MCO will prepare at its sole cost and submit to the Town the revised final plat for Parcel 11 and other documentation necessary to effect this modification. 1.2 Benefits to New Eagles Nest Lot. All rights and benefits under the Agreement and the guidelines, standards and agreements that govern the development of all other single family residential lots in the Eagles Nest subdivision shall apply to the New Eagles Nest Lot as though it was originally platted as a single family residential lot in the applicable Eagles Nest Final Plat. 1.3 Driveway Locations. The driveway location for the New Eagles Nest Lot shall be permitted in non-conformance with the Town’s “Driveway Policy” with respect to the proximity to bridges. As was contemplated with the original fire station use, utility stub outs were approved for this lot and are within 100 feet of a small bridge to the east, and a driveway shall be permitted proximate to these utilities within the 100-foot restriction. 1.4 Conveyance of Property. Not later than 90 days after the Effective Date, the Town shall convey the New Eagles Nest Lot to Eagles Nest and MCO shall convey the New Town Lot to the Town. Each conveyance shall be free and clear of all monetary encumbrances placed upon each lot by the Town or MCO, as applicable and otherwise subject to all matters filed of record in Maricopa County, Arizona and as to the New Eagles Nest Lot, this Restated Agreement. 2112643.24 4 Eagles Nest, MCO and the Town agree to cooperate reasonably to remove any other non-monetary encumbrances on the New Town Lot and the New Eagles Nest Lot that would unreasonably impair the use of such lot by the receiving Party provided neither Party shall be required to incur material costs to remove such encumbrances. 2. Deed Restrictions Release. Not later than 30 days after the Effective Date, MCO shall deliver to the Town a quitclaim deed suitable for recording and in the form attached hereto as Exhibit D. It is the specific intent of the Parties that recording of the quitclaim deed and this Restated Agreement shall eliminate all restrictions and reversionary interests included in (i) the Warranty Deed dated December 13, 1979, recorded in the office of the Maricopa County Recorder in Docket 14123, pages 1143 to 1146 and (ii) those provisions of the instrument dated April 16, 1979, and recorded in the Office of the Maricopa County Recorder in Docket 13650 at Pages 0769 to 0787 but only to the extent that they apply to the property at 11445 N. Saguaro Boulevard. 3. SRP Aesthetic Funds. Upon Adero’s request, the Town shall initiate a request with Salt River Project for use of up to $500,000 of funds in the Town’s Aesthetic Fund account to partially defray the cost of making aesthetic improvements to the 69kv electric line in Adero Canyon (the “69kv Improvements”). In conjunction with the requests, Adero shall provide SRP with the scope of work for the 69kv Improvements. The Parties agree that SRP will be solely responsible for (i) completing design and cost estimates and (ii) determining what portion of the 69kv Improvements shall be eligible for funding. Adero agrees and understands that the Town’s “balance” of Aesthetic Funds is set to be diminished by SRP on May 1, 2015 from the current balance to $300,000. If Adero fails to both submit the request and accompanying documents to SRP and meet SRP’s requirements with sufficient time to ensure that SRP approves the 69kv Improvements and commits the funding by May 1, 2015, and the Town’s SRP Aesthetics Funds are diminished to $300,000, the Town’s obligation to commit the entire $500,000 of funds to the 69kv Improvements shall be reduced to $300,000 with the remaining $200,000 conditioned upon (i) permission by SRP for the Town to “borrow” $200,000 of future SRP Aesthetics Funds and (ii) availability from SRP of the Aesthetics Funds. The Town agrees to maintain at least $300,000 of Salt River Project Aesthetic Funds available for such purpose. The Town agrees to use reasonable good faith efforts to maximize the SRP Aesthetic Funds to Adero (not to exceed $500,000) including requesting to borrow funds in subsequent years if not available when first requested. The Town’s obligation to maintain the balance in the Aesthetic Funds shall be terminated upon the earlier to occur of completion of Phase 1a (as defined below) or January 1, 2018. 4. The Town Trailhead. 4.1 Trailhead Design. The Town intends to construct a trailhead near the northern extent of Eagle Ridge Drive within the New Preserve Land (the “Trailhead”) to provide improved access to a system of trails it has constructed on its land. The Town intends to construct the Trailhead in accordance with the site plan attached hereto as Exhibit E. If the Town determines, in its sole discretion, to materially modify the Trailhead from the site plan on Exhibit E, it shall notify Adero not less than 30 days prior to such modifications and shall permit Adero to comment on such changes. The Town’s changes to the Trailhead shall not impede the emergency access for the Eagles Nest Property or the Adero Canyon Property. 2112643.24 5 4.2 Deed Restrictions. Prior to the sale of those lots within Adero Canyon that are located immediately adjacent to the Town’s McDowell Mountain Preserve, Adero shall record restrictions against such lots, notifying the respective owners of such lots of the public trails adjoining the lots. The Town acknowledges that such notification may be incorporated into the declarations of reservations that Adero intends to record governing the development of the Property (the “CC&Rs”). 4.3 Emergency Access. Exhibit F attached hereto depicts a portion of the New Preserve Land commonly referred to as the “existing jeep trail” and referred to herein as the “Emergency/Utility Access.” Notwithstanding the Town’s acquisition of the New Preserve Land, the Town agrees that the Emergency/Utility Access shall be utilized for gated fire/emergency vehicle access and utilities service for Eagles Nest and Adero Canyon on the terms provided herein. 4.3.1 Necessary Easements. The Town acquired the New Preserve Land subject to those rights and easements (but not fee title) in favor of MCO or its affiliate as are reasonably necessary to construct, improve and use (on the terms set forth herein) an unpaved emergency access roadway and construct, maintain and use underground utilities (including customary above-ground appurtenances) within the corridor comprising the Emergency/Utility Access. 4.3.2 Standards; Maintenance. The Emergency/Utility Access shall be no wider than 20 feet wide (or such other less obtrusive configuration as may be allowed), and its design shall (i) be exempt from Subdivision Ordinance road design criteria, (ii) be reasonably acceptable to the Parties, (iii) allow its use for utilities service to serve the Property, and (iv) allow concurrent use as a pedestrian/bicycle trail. The Emergency/Utility Access shall be completed by Adero in conjunction with its completion of subdivision improvements for either the adjacent Parcel 2 in Eagles Nest or the Temporary Roadway Segment described in Section 7 below. Following improvement of the Emergency/Utility Access, Adero shall return its surface to as natural a state as reasonably possible, including needed revegetation and natural color restoration to minimize the appearance of previous disturbance as viewed from offsite. Following completion of Adero’s work on the surface of the Emergency/Utility Access, the Town shall maintain the Emergency/Utility Access area, which obligation shall be reflected in an easement instrument or by reservation in the conveyance instrument. 4.3.3 Use of Access. The Emergency/Utility Access easement shall additionally provide that the Emergency/Utility Access shall be used for vehicular traffic only for utility, emergency vehicle, trail restoration/construction and McDowell Mountain Preserve maintenance purposes and otherwise by private vehicles for emergency use only in cases where the southern route to Adero Canyon is blocked or otherwise unusable or on other emergency situations when reasonably necessary for purposes of public safety or to preserve private property. 4.3.4 Easement Form. The Emergency/Utility Access easement shall contain such other provisions and shall be in such form as is reasonably acceptable to both the Town and Adero. 2112643.24 6 4.4 Utilities. When required to be constructed in accordance with this Restated Agreement, permanent utilities in Eagle Ridge Drive shall extend to the property line shared between the Adero Canyon Property and the New Preserve Land at the closest point to the Trailhead. 4.4.1 Temporary Utilities. The Town and Adero agree that, due to the allowance for phased construction of Eagle Ridge Drive, as set forth in Section 7 below, temporary utilities will be necessary for operation of the Trailhead. Adero shall be responsible for the cost of constructing (i) a “vault-and-haul” system for collecting wastewater generated from the restroom facilities included on the site, (ii) a temporary water supply via a temporary tank and (iii) the use of temporary solar power generating facilities sufficient to power the water fountains, gate, irrigation and lights at the Trailhead (the vault-and-haul system, temporary water supply and temporary solar facilities are referred to collectively as the “Temporary Utilities”). The Temporary Utilities are to be constructed by Adero (according to plans reasonably approved by the Town and Adero) in conjunction with construction of the Trailhead and completed no later than completion of the Temporary Roadway Segment described in Section 7 below. If Adero fails to construct the Temporary Utilities, which failure continues after notice and reasonable right to cure, the Town may construct them and Adero shall promptly reimburse the Town for the actual out-of-pocket costs incurred by the Town to design and construct those Temporary Utility Improvements. The Town may at its option submit to Adero a proposed budget for the Town to construct the Temporary Utility Improvements and if acceptable to Adero, the Town shall construct those improvements and Adero shall reimburse the Town for the costs incurred by the Town, not to exceed the amount approved by Adero in the budget submitted by the Town and approved by Adero. Thereafter, the Town shall be solely responsible for the cost to maintain the Temporary Facilities. In conjunction with the permanent roadway improvements described in Subsection 7.1.4, Adero shall connect the permanent utility service lines for the Trailhead for water, sewer and grid power, if needed, to the permanent utility lines in Eagle Ridge Drive. This connection shall be at the property line shared between the Adero Canyon Property and the New Preserve Land at the closest point to the Trailhead. 4.4.2 Water Tank Site. Prior to approval of the New Final Master Plat, the Town and Adero shall (i) agree upon a precise location for a water tank necessary to serve the Adero Canyon Property, which water tank shall be located within the area generally depicted on Exhibit G, and (ii) execute such agreements as appropriate to carry out the purpose and intent of this Subsection. 5. Final Parcel Plats within Eagles Nest and Adero Canyon. 5.1 Revised Plats. The Parties agree and understand that Adero has submitted, and the Town has approved, Final Parcel Plats for Adero Canyon, but that the Adero Canyon PAD and other changes requested by Adero require that those plats be replaced. It is the Parties’ intent that the subsequent New Final Master Plat will revoke any portions of the existing Final Master Plat and the existing final parcel plats which are modified by the New Preliminary Master Plat in Adero Canyon, but that the Parties will endeavor to preserve the revised standards included on such final plats to the extent possible, as more fully described in Section 6 below. Adero will 2112643.24 7 submit to the Town a Final Master Plat for Adero Canyon consistent with the New Preliminary Master Plat. Unless otherwise provided herein, any references to the “Preliminary Plat” shall mean the New Preliminary Master Plat. Any prior approvals unmodified herein under the Original Agreement remain approved. The Final Master Plat shall show the easements necessary to provide legal access between Hidden Hills, Scottsdale Mountain Estates and the Adero Canyon Property. 5.2 Plat Review. The Town shall use its best efforts to promptly process and approve the applications for preliminary plats and final parcel plats within Adero Canyon to replace the plats revoked by the New Preliminary Master Plat, including improvement drawings in connection therewith, as soon as reasonably possible following submittal of same by Adero. 5.3 Submittal Completeness. The Town shall use its customary past standards in determining whether Adero’s final parcel plat applications are complete. The Town shall work in good faith with Adero and notify Adero no more than 30 days after the Town’s receipt if it deems any such application, or any submittal consisting of part of the application, to be incomplete. 5.4 Private Access. In connection with its approval of final parcel plats within Adero Canyon, the Town shall do both of the following, if requested by Adero: 5.4.1 Private Streets. Approve the private rights-of-way within Adero Canyon as shown in the applicable preliminary parcel plat so long as the private rights-of-way are constructed in general conformance with the Town’s public street standards, unless modified herein (the Parties acknowledge that Eagle Ridge Drive as depicted on the New Preliminary Master Plat and the subsequent final master plat for Adero Canyon shall be a public right-of-way). 5.4.2 Adero Canyon Gates. Approve gated entrances to such private rights-of-way from Eagle Ridge Drive. 5.5 Adjacent Development Connections. 5.5.1 Hidden Hills Connection(s). One private street roadway shall physically and legally allow emergency vehicle and public service vehicle access to/from The Hidden Hills II (Scottsdale) subdivision. Public pedestrian and bicycle access to/from that subdivision area shall be physically and legally allowed, either within that roadway right-of-way or in a separate right-of-way or easement. Adero shall be solely responsible for coordinating with the City of Scottsdale to address all matters necessary to cause relocation of the existing bicycle path easement and for designing the pathway to the City of Scottsdale standards. 5.5.2 Scottsdale Mountain Estates Connection(s). One private street and one emergency connection shall physically and legally allow access for the Scottsdale Mountain Estates subdivision (which lies at the northeast corner of Section 18). 2112643.24 8 6. Matters Relating to Development of Eagles Nest and Adero Canyon. 6.1 Zoning. The Official Zoning District Map of the Zoning Ordinance of the Town of Fountain Hills (the “Zoning Ordinance”) provides that portions of the Property are zoned R1-43, R1-35, R1-8, R1-6 and PAD (the “Zoning”). 6.1.1 Timing of Vesting. All zoning in Eagles Nest is vested. Zoning in Adero Canyon outside the Adero Canyon PAD is vested. Upon completion of Phase 1a (as defined below) of Eagle Ridge Drive and all related utilities, approximately 0.7 miles in length completed to the entrance to Parcel 2, as described in the Adero Canyon PAD, all zoning in the Adero Canyon PAD will be vested. 6.1.2 Vesting Defined. “Vested” means that the Town shall not, without the applicable Developer Party’s (or its successor’s) written consent, (i) change the Zoning to another zoning district or zoning classification, or (ii) amend a zoning classification or take any other action in a manner which would apply to the Property, where any such change, amendment, or action would reduce the density, permitted uses, or lot development standards provided for hereunder or otherwise in effect as of the date hereof. 6.2 Density. 6.2.1 Approved Density. Adero and Eagles Nest shall be permitted to develop, and the Town shall approve for development, final parcel plats and site plans for no more than 588 lots/dwelling units within the Property, comprised of 245 single-family lots within Eagles Nest and a total of 343 single-family lots, townhome dwelling units and multi-family/hotel units within Adero Canyon. 6.2.2 Limited Collector Roadway. Without limiting the foregoing, the Town Zoning Administrator has determined that the Emergency/Utility Access eliminates the single entrance 90-lot limitation for Adero Canyon set forth in Subdivision Ordinance Section 3.05 (A)(3)(e). The inapplicability of the 90-lot limitation has been confirmed by the Town Council in connection with its approval of the New Preliminary Master Plat, and shall be confirmed by the Town Council in connection with its approval of final parcel plats for parcels within Adero Canyon. 6.2.3 Permitted Modifications. Adero and Eagles Nest may increase the number of single-family lots as set forth in the final parcel plats for one or more parcels or sub- parcels comprising the Property, provided that the total number of all single-family lots for the entire Property does not exceed 424, the Property remains in conformity with the Zoning, and any such final parcel plat is materially consistent with the New Preliminary Master Plat and applicable preliminary parcel plat. 6.2.4 Limitations Upon Re-Subdividing. The CC&Rs shall prohibit re- subdivision of any lot or parcel comprising the Property, following recordation of the applicable Final Parcel Plat, unless such re-subdivisions are lot-line readjustments, lot joins or other subdivisions that do not result in the creation of more than the 424 single family lots as permitted 2112643.24 9 in Section 6.2.3 (any such re-subdivision or lot line adjustment by a retail purchaser of a lot shall not be permitted in order to create an additional lot), which shall be granted in the reasonable discretion of the Town. 6.3 Subdivision Standards. The Town’s Subdivision Ordinance establishes the standards for location and installation of infrastructure within the Property (the “Subdivision Standards”). The Parties agree that certain variations from the Subdivision Standards are appropriate for development within the Property, and that the Existing Final Master Plat and the final parcel plat maps previously approved for Adero Canyon (collectively, the “Existing Plats”) included a number of such variations. It is the Parties’ intent to preserve, to the extent possible, the standards agreed to in conjunction with the Existing Plats. Accordingly, the Parties agree to the following variations from the Subdivision Standards: 6.3.1 Cul-de-sac Streets. The Town agrees that the Cul-de-sac Standards shall be modified in conjunction with its approval of the final parcel plats to allow development of cul-de-sac streets within the Property no longer than 3000 feet, with no more than 25 lots. The Developer Parties shall use good faith efforts to limit the cross-slope of cul-de-sac bulbs to 8% where reasonably possible. Eagle Ridge Drive shall not be considered a cul-de-sac street for the purposes of the Subdivision Ordinance. 6.3.2 Loop Roads. The Town agrees that the Subdivision Standards shall be modified in conjunction with its approval of the final parcel plats to allow development of the loops roads within the Adero Canyon portion of the Propert y substantially in accordance with the standards approved on the Existing Plats. 6.3.3 Road Grades. The Town hereby approves road grades above 15%, but no greater than 18%, for up to 400 feet within private hillside local roads within the Property, and road grades above 15%, but no greater than 20%, for the Emergency/Utility Access and utility access roads serving the Reservoir Sites (the “Mountain Road Grade Standards”). The Town agrees that the applicable Subdivision Standards shall be modified in conjunction with its approval of the final parcel plats to allow development of the Property, the Emergency/Utility Access, and the utility access roads serving the Reservoir Sites in accordance with the Mountain Road Grade Standards. 6.3.4 Retaining Walls. The Town hereby approves (i) retaining walls with an average height of (a) six feet for cut slopes, without handrails and (b) eight feet for fill slopes, without handrails, unless a sidewalk or pathway is within five feet of a fill retaining wall or unless a roadway curb is within ten feet of a fill retaining wall, and (ii) that bridge and con arch abutments, head walls and wing walls are not considered retaining walls (the “Mountain Retaining Wall Standards”). The Town agrees that the applicable Subdivision Standards shall be modified in conjunction with its approval of the final parcel plats to allow development of the Property in accordance with the Mountain Retaining Wall Standards. 6.3.5 Roadway Design. The Town has approved the Existing Plats, which provide for roadway design, including stopping distances and lines of sight, for certain private hillside local roads, local roads, and collector roads within the Property, pursuant to local 2112643.24 10 streets and road standards promulgated by the American Association of State Highway and Transportation Officials in A Policy of Geometric Design of Highways and Streets 2001, Fourth Edition (the “2001 AASHTO Standards”). The Parties agree that the 2001 AASHTO Standards have subsequently been replaced with the current edition thereof, and that the Subdivision Standards have been modified to address a number of the issues related to development in Adero Canyon. The Parties agree that the applicable Subdivision Standards shall be modified in conjunction with its approval of the final parcel plats to the extent necessary to meet the current AASHTO Standards as of the date of this Restated Agreement, except as to Eagle Ridge Drive which shall meet the then current AASHTO Standards at the time the design is submitted for approval. 6.3.6 Lot Ratios; Depth. With respect to custom single-family lots, the lot depth to width ratio shall not be restricted. For other than custom single-family lots, a lot depth of less than 95 feet is permitted. 6.3.7 Roadway Cross Sections. The Town hereby approves the roadway cross sections set forth on Exhibit H as alternatives to the applicable Subdivision Standards. Roadway curbs may be rolled or 12”, 18” or 24” ribbon style on all public and private streets except where rolled or vertical curbs are necessary for storm water management or public safety as determined by an independent Professional Engineer and confirmed by the Town Engineer. 6.3.8 Roadway Minimum Horizontal Curve Length. The Town has approved the Existing Plats including certain roadways with minimum horizontal curve lengths less than the Subdivision Standards. The Town agrees that the Subdivision Standards shall be modified in conjunction with its approval of the final parcel plats to allow development of the Property substantially in accordance with the horizontal curve standards on the Existing Plats. All Hillside Local roads may have a minimum horizontal curve length of 50 feet. 6.3.9 Sidewalks, Trails and Bicycle Paths. The Town agrees that the Subdivision Standards shall be modified in conjunction with its approval of the New Preliminary Master Plat and subsequent final plats to allow development of the Property with sidewalks on one side of Local and Collector roads; provided, however, that nothing in this Restated Agreement shall be deemed to modify the requirements that all sidewalks shall be constructed of Class A concrete. All cul-de-sacs with ten or fewer units need not have a sidewalk. The sidewalk for Eagle Ridge Drive, beginning at the southern entrance to Adero Canyon and continuing to the Trailhead at the northern end of Adero Canyon, may be constructed as a meandering, public-access trail separated from the paved roadway. Where necessary, the trail may extend beyond the Eagle Ridge drive right-of-way; provided that Adero shall dedicate to the Town a ten-foot right-of-way for this trail for all portions outside the Eagle Ridge Drive right-of- way. The trail shall be within the Eagle Ridge Drive right-of-way at all road and wash crossings unless otherwise approved by the Town. The trail shall (i) be six feet in width, (ii) be constructed of class A concrete, which may be colored and textured to blend with the native environment and (iii) be certified as meeting all requirements of the Americans With Disabilities Act. A concrete-paved public bicycle path connection shall link the terminus points of two off- site bicycle lanes, one in the Hidden Hills subdivision in Scottsdale and one terminating on Eagle Ridge Drive at the southern entrance of Adero Canyon. Adero or a property owners’ association 2112643.24 11 shall be solely responsible for any maintenance associated with sidewalks and bicycle paths on private property. Adero or a property owners’ association shall also maintain the landscaping along all sidewalks and bicycle paths and shall be responsible for bike path sweeping and other basic upkeep. The Town shall be responsible for repairs to the surface of any sidewalks and bicycle paths within public right-of-way dedicated to the Town. 6.3.10 Minor Collector Design. The Town hereby approves modifying the Subdivision Standards for minor collector roads on the Property to permit a design speed of 25 miles per hour and a minimum radius of 250 feet. 6.3.11 Collector Road Improvements. Subject to the terms of Section 7.1.5, the Town hereby approves the elimination of turn pockets on Eagle Ridge Drive, except at the locations as shown on the New Preliminary Master Plat approved contemporaneously with this Restated Agreement. 6.4 Cuts and Fills. 6.4.1 Existing Waivers. Pursuant to the approval procedures set forth in Section 5.03(D) of the Subdivision Ordinance, the Town Council has previously approved (Case Numbers CFW2001-05 and CFW2001-06) those cut and fill waivers necessary to construct the streets and roads and other subdivision improvements serving the Property according to the Existing Plats (the “Existing Cut and Fill Waivers”). However, due to the changes necessary because of the Adero Canyon PAD, the Existing Cut and Fill Waivers are now obsolete for that area. The Parties hereby agree that (i) the cut and fill waivers shown on Exhibit I attached hereto (the “New Cut and Fill Waivers”) substantially conform to the Existing Cut and Fill Waivers and (ii) the New Cut and Fill Waivers hereby replace the Existing Cut and Fill Waivers. 6.4.2 Further Waivers. Any additional cut and fill waivers as may be necessary for the development of residential structures on the Property shall be subject to the approval procedure set forth in Section 5.03(D) of the Zoning Ordinance, as the standards for granting such waivers have been implemented to date by the Town Council. 6.4.3 Mountain Cut Standards. The Town has previously approved the Existing Plats, which, where permissible in the reasonable judgment of The Developer Party’s independent soils engineer, provide for (i) cut slopes of up to four feet in height with completely vertical inclination (without retaining wall), and (ii) exposed cut slopes equal to one foot horizontal for every two feet vertical (for cut slopes up to six feet in height) (the “Mountain Cut Standards”). Grading standards shall follow the standards previously approved on the original Adero Canyon plats. Notwithstanding the foregoing, terraced retained slopes may be up to 3:1 for fill slopes and 2:1 for cut slopes between terraced retaining walls. Unretained slopes may exceed ten feet for cut slopes so long as the natural material is stable and shall be as prescribed by the Town Engineer. The Town agrees that the Subdivision Standards shall be modified in conjunction with its approval of the final parcel plats to allow development of the Property in accordance with the Mountain Cut Standards. 2112643.24 12 6.5 Disturbance Allowance Procedures. 6.5.1 Standards. The Parties acknowledge that Subdivision Ordinance Section 5.04 sets forth provisions allowing hillside disturbance within subdivisions, and except as provided by the Disturbance Allowance Procedures (as defined below), shall apply to development of the Property, including the penalties set forth therein for violation thereof. 6.5.2 Exempt Areas. The Town hereby approves development of the Property with an average lot disturbance not to exceed 22,700 square feet per single-family lot (the “Disturbance Allowance”), and a total allowable disturbance of 5,561,500 square feet for the Eagles Nest Property (the “Eagles Nest Disturbance Allowance”) and 4,138,200 square feet for the Adero Canyon Property (the “Adero Disturbance Allowance”), without cost to the Developer Parties. All temporary and permanent subdivision improvements, including but not limited to all road, utility line and water tank construction as well as the areas covered by driveways and related vegetation as provided in section 6.5.5 are exempt (i.e. with respect to subdivision infrastructure and other such areas, all necessary disturbance will be permitted without disturbance penalty). Any disturbed areas for predevelopment investigations, testing, relocation or recovery including, but not limited to, geotechnical, environmental, archaeological or power line relocation work as well as any future or historic trails and roads used by hikers (including temporary trails necessary for the safe passage of hikers during construction of Eagle Ridge Drive), bicyclists, recreational vehicles or utility equipment shall not be counted towards the total amount of hillside disturbance within the Property and, after revegetation with native plant materials, shall be accepted by the Town as undisturbed hillside areas. 6.5.3 Disturbance Procedures. The Parties hereby adopt the following procedures (the “Disturbance Allowance Procedures”) to implement the Disturbance Allowance permitted for the Property: (i) In order to allow for development of the Property with the densities and intensities of uses as contemplated by this Restated Agreement the Adero Disturbance Allowance shall be allocated by Adero among the single-family lots, townhome lots, multi-family/hotel parcels and the sales/administration building parcel. The total allowable area of a lot that may not be disturbed (the “Nondisturbance Area”) shall be the total lot area, less the Disturbance Allowance for such lot plus any areas within the lot anticipated to be exempt from the provisions of the Subdivision Ordinance Section 5.04. No Eagles Nest Disturbance Allowance shall be allocated within the Adero Canyon Property, and no Adero Canyon Disturbance Allowance shall be allocated within the Eagles Nest Property. (ii) Prior to approval of each preliminary parcel plat within the Adero Canyon Property, Adero shall provide the Town with the calculations showing that each lot or parcel within such preliminary plat conforms with the applicable allocations of Disturbance allowance. The calculated Disturbance Allowance and Nondisturbance Area for each lot shall be set forth on a separate schedule submitted to the Town with the applicable final plat (the “Disturbance Schedule”). 2112643.24 13 (iii) In the event that the actual Disturbance Allowance within a lot or parcel, as established by a site plan approved by the Town for that lot or parcel in connection with building permit issuance is less that the Disturbance Allowance for such lot or parcel set forth on the Disturbance Schedule, the unused Disturbance Allowance for that lot or parcel may be allocated by Adero to other lots or parcels within the Adero Canyon Property. In no event shall the Disturbance Allowance exceed 35,000 square feet on any single family lot. (iv) The Adero Disturbance Allowance may only be allocated within the Adero Canyon Property. Any unused Disturbance Allowance remaining after the final residential or hotel improvements are constructed on each lot shall be deemed abandoned. (v) All disturbance pursuant to this Restated Agreement on a lot within the Property shall be the total allocated Disturbance Allowance for such lot. The property owner of each lot shall, concurrently with the issuance of the building permit for the construction of a single-family residence on such lot, record a Hillside Protection Easement in the form set forth on Exhibit J hereof. Such Hillside Protection Easement shall cover all portions of such lot outside of its allocated Disturbance Allowance area as finally configured, and which are not exempt from the provisions of Subdivision Ordinance Section 5.04. 6.5.4 Rounding of Cuts. “Rounding” or feathering the edges of cut banks adjacent to roadways, at the points where such slopes meet the natural grade, shall not be considered disturbance pursuant to the Subdivision Ordinance, and therefore shall not be deducted from the Disturbance Allowance for the Property. 6.5.5 Vegetation. Driveways up to 20 feet in width and the areas in which drought tolerant plantings on the front entrance areas to those 20 foot wide driveway corridors shall not be deemed disturbance of such areas hereunder and such areas shall not be deducted from the Disturbance Allowance for the applicable lot; provided that the ground work associated with the plantings on the front entrance areas to those driveways is minimized to the extent reasonably possible, and prior Town administrative approval is obtained for such work. 6.6 Subdivision Ordinance Section 5.04(E) Approval. 6.6.1 Disturbance Buffers. The Parties acknowledge that (i) Section 5.04(E) of the Subdivision Ordinance provides for fencing (as set forth in Subdivision Ordinance Section 5.04(E)(1)), or disturbance buffers (as set forth in Subdivision Ordinance Section 5.04(E)(2)), in order to protect “an area at least equal to the hillside protection requirements of the lot, parcel or tract,” and (ii) Subdivision Ordinance Section 5.04(B) provides that “[d]isturbance within street rights-of-way shall be exempted from the horizontal hillside disturbance limitations of this ordinance.” 6.6.2 Exempt Areas. The Town agrees that Subdivision Ordinance Section 5.04(E) is not applicable to development of the street rights-of-way, utility corridors 2112643.24 14 outside of street rights-of-way, and other areas disturbed in connection with the installation of subdivision improvements for the Property. 6.6.3 Alternative Marking For Rights-of-Way. The Town acknowledges that the street rights-of-way disturbance in connection with development of the Property is exempt from the disturbance buffers and fencing provisions of Subdivision Ordinance Section 5.04(E) and accordingly in compliance with said section. Notwithstanding the foregoing, disturbance corridors shall be delineated with iron stakes and ropes, which shall be maintained in place during the period of construction of the applicable street right-of-way. 6.7 Driveway Locations. The Town agrees that, to the extent consistent with the driveway requirements in the Town’s adopted Fire Code, it shall not withhold approval of the final parcel plats based on non-conformance with the driveway restrictions set forth in Section 7.03(A) of the Town Zoning Ordinance, as amended; provided, however, that any such non- conforming driveways shall be located as permitted by the Town Engineer in his reasonable discretion, including at locations within 100 feet of a bridge or major drainage structure. Notwithstanding the foregoing, there shall be no shared driveways and no driveway easements across one lot for the benefit of another lot on any single family residential lot; each single family residential lot shall have direct access through its own street frontage. 6.8 Sanitary Sewer. The sanitary sewer system for the Property will be designed per the specifications of the Fountain Hills Sanitary District and subject to approval by the Fountain Hills Sanitary District and the Town. 6.9 Water. The water systems for the Property shall be designed to specifications established by EPCOR and subject to approval by the Town relating to fire flow demand. 6.10 Miscellaneous Engineering Matters. The Town hereby approves (i) private roadways using CMP pipe to carry street flows; (ii) warranty curb replacement at five foot intervals; (iii) roadways with drop manholes, and (iv) other minor variations from Town staff policy, as set forth in this Restated Agreement (the “Miscellaneous Matters”). The Town Engineer shall approve development within the Property pursuant to the Miscellaneous Matters. Minor draws and drainage channels that do not require US Army Corps of Engineers permits may be modified or relocated so long as downstream drainage flows are not materially impacted. Facilities for the collection of water shall be designed so as to retain safely and adequately the maximum expected storm water runoff volume equal to the difference between the predevelopment condition and the post development condition for a 100-year storm event. Detention basins shall be sized for specific drainage requirements for Adero Canyon. Detention basins need not be oversized, and no land area will be required to be set aside for additional uses 6.11 Sale Limited to Improved Lots. Adero agrees that it shall not intentionally pay any tax pursuant to Section 8A-416(a) of the Town’s Tax Code, as amended, if it does not believe at the time it is paid that such amount is owed. 2112643.24 15 7. Additional Adero Obligations. 7.1 Eagle Ridge Drive. The Parties acknowledge that Eagle Ridge Drive as located on the Existing Plats (as subsequently amended) shall remain a public roadway. The Town agrees there shall not be a public transit route allowed on Eagle Ridge Drive. Adero shall construct Eagle Ridge Drive pursuant to a combination of Limited Collector and Minor Collector standards (from Palisades Boulevard to the Parcel 2 Entrance (defined below), as shown on the New Preliminary Master Plat) and Local Road Standards (from the Parcel 2 Entrance to the Trailhead), with a sidewalk on one side or a meandering trail as described in paragraph 6.3.9 and bicycle lanes on each side (for the Collector section) within the right-of-way for Eagle Ridge Drive. For the side of the roadway that contains both the sidewalk and a bicycle lane, the sidewalk shall be constructed of concrete and not less than six feet wide. 7.1.1 Timing of Construction; Phasing. Adero shall pave Eagle Ridge Drive and complete all appurtenant infrastructure and utility improvements related thereto, but may do so in two phases. The portion of Eagle Ridge Drive beginning at the southern entrance to Adero Canyon and ending at the entrance to “Parcel 2,” as shown on the New Preliminary Plat (the “Parcel 2 Entrance”) shall be fully constructed, with all utilities and appurtenant infrastructure, prior to issuance of the first certificate of occupancy for any residential building in Adero Canyon. The portion of Eagle Ridge Drive beginning at the Parcel 2 Entrance and continuing to the Trailhead shall also be constructed, as a temporary roadway, prior to issuance of the first certificate of occupancy for any residential building in Adero Canyon. The portion of Eagle Ridge Drive north of the Parcel 2 Entrance constructed as a temporary roadway shall be (i) fully graded to the approximate final subgrade elevations as provided in grading plans reasonably approved by the Town, (ii) compacted to the standards set forth in the Town’s Fire Code and (iii) covered with a dust controlled, all weather, aggregate surface with adequate drainage, erosion control fall protection, roadway shoulders/side slopes and safety features as reasonably deemed appropriate by the Town Engineer (the “Temporary Roadway Segment”). 7.1.2 Maintenance of Temporary Roadway Segment. Adero shall be solely responsible for maintaining and repairing the Temporary Roadway Segment until it is replaced with the permanent road and utility improvements. 7.1.3 Access to Trailhead. Access to the Trailhead prior to completion of the permanent road over the Temporary Roadway Segment shall be provided as follows: (i) The Town may construct a foot path from the current pavement edge of Eagle Ridge Drive to the Trailhead location (the “Temporary Foot Path”). The Temporary Foot Path shall be designed by the Town and reasonably approved by Adero to ensure that its construction and use is compatible with Adero’s planned construction of Eagle Ridge Drive. Adero agrees that the Temporary Foot Path will be open and accessible to the public until such time as Adero has commenced construction on Eagle Ridge Drive pursuant to a permit issued by the Town. (ii) Access by the Town to the Trailhead for the purpose of constructing or maintaining the Trailhead will be provided without interruption after 2112643.24 16 completion of the construction of Eagle Ridge Drive. The Town and Adero shall use reasonable efforts to coordinate construction schedules of the Trailhead and Eagle Ridge Drive prior to the Town bidding the Trailhead construction project and shall arrive at a reasonable schedule that accommodates both projects being completed in a timely manner, including a reasonable number of days allocated to delays caused by temporary closures as described below (the “Coordination Schedule”). During the construction of Eagle Ridge Drive the Town shall have access for constructing and maintaining the Trailhead according to the Coordination Schedule and at all times when, in the reasonable judgment of Adero, the use of such areas would not unreasonably interfere with Adero’s construction activities and use of such area would allow for safe access; provided, however, that if the Town has commenced construction of the Trailhead and Adero determines that a temporary restriction to the Town’s construction access is necessary to prevent an unreasonably dangerous condition, Adero may, after reasonable notice to the Town, cause such temporary closures as necessary so long as the Coordination Schedule is not unreasonably compromised. If Adero reasonably determines not to provide such access for the reasons above, Adero shall cause the Eagles Nest Property Owners Association to permit access through Eagles Nest to access the emergency road connection to Adero Canyon (“Alternative Access”) for purpose of emergency response, potable water delivery, maintenance, security and sewage removal (“Alternate Access Uses”). If (A) the Alternative Access is not usable by the vehicle necessary to perform the potable water delivery, maintenance, security or sewage removal task and (B) Eagle Ridge Drive has been closed by Adero according to this Subsection for a period of more than 60 days, then Adero shall be responsible for either performing the task itself at no cost to the Town or making such other accommodations as necessary to allow the vehicle to access the Trailhead. (iii) Public access will be provided following the Town’s approval of construction of the completed Eagle Ridge Drive segment up to the Parcel 2 Entrance and the Temporary Roadway Segment; provided, however, that during construction of the permanent road improvements to replace the Temporary Roadway Segment, Adero may restrict public access during the time periods when, in the reasonable judgment of Adero, public access cannot be safely permitted or would unreasonably interfere with Adero’s construction activities. At times when such public access is restricted, pedestrian/bicycle public access will be provided along the meandering public access sidewalk/trail described in Subsection 6.3.9 to the Trailhead subject to prohibition of use of such trail at such times when in the reasonable judgment of Adero, the use of such areas would not allow for safe public access. To accommodate this, the Town acknowledges that temporary rerouting of this trail may be necessary during construction, which temporary routes will be of a natural surface. During this period, Adero shall provide for (i) signage and barricading to clearly indicate road closure and the alternate access to the Trailhead and (ii) temporary parking along Eagle Ridge Drive for the number of cars that can reasonably be accommodated in that area, allowing for safe ingress and egress, as well as the passage of construction equipment. Any disturbance required to provide such temporary parking shall not count toward the Disturbance Allowance. 2112643.24 17 7.1.4 Permanent Roadway. Adero shall replace the Temporary Roadway Segment with permanent road improvements prior to issuance of the first building permit for construction of a Dwelling Unit within any lot or parcel in any part of Adero Canyon other than the Adero Canyon PAD area and “Parcel 1.” In the event that a certificate of occupancy has not been requested and approved, in accordance with the Town’s adopted building codes, for a dwelling unit in the Adero Canyon PAD area (not including the Sales Office) by December 31, 2020, unless such date is extended due to a Force Majeure, the Temporary Roadway Segment phasing option described above shall be revoked and MCO shall thereafter be required to construct the entirety of Eagle Ridge Drive prior to issuance of the first certificate of occupancy for any dwelling unit in Adero Canyon, as previously required by the Agreement. Any delay or failure in the performance by any Party hereunder shall be excused if and to the extent caused by the occurrence of a Force Majeure. For purposes of this Agreement, Force Majeure shall mean a cause or event that is not reasonably foreseeable or otherwise caused by or under the control of the Party claiming Force Majeure including, without limitation, hard dig and blasting not identified in an independent geotechnical report, referendum, lawsuits, construction delays not due to Adero’s actions, acts of God, fires, floods, explosions, riots, wars, hurricane, sabotage terrorism, vandalism, accident, restraint of government, governmental acts, injunctions, labor strikes that prevent the furnishing of materials or equipment, and other like events that are beyond the reasonable anticipation and control of the Party affected thereby, despite such Party’s reasonable efforts to prevent, avoid, delay, or mitigate the effect of such acts, events or occurrences. Each Party shall notify the other not later than 30 days following the date on which such Party has knowledge of the Force Majeure event. If such notice is not provided within that 30-day period, the applicable extension shall be reduced by the time period commencing after such 30-day notice period has expired, until such notice is given. Each party shall update the other as to the status of the continuance of such Force Majeure. 7.1.5 Eagle Ridge Drive/Palisades Boulevard Improvements. MCO previously paid the Town for its share of the traffic signal to be constructed by the Town at Eagle Ridge Drive and Palisades Boulevard and all associated turn lanes. Adero shall have no further obligations with respect to the intersection improvements. 7.2 Wildlife Sensitivity. Adero shall construct wildlife sensitive crossings within the Property. The Town agrees that MCO may meet this obligation by utilizing bridges, con-arch structures and/or large box culverts, subject to Town approval, so long as designs incorporate concrete bottoms or sandy bottoms with rip rap under the sand and along the sides as necessary for adequate erosion control. 7.3 Utility Location. The Developer Parties shall use good faith efforts to avoid locating wet utilities (i.e., water, sewer, and natural gas) within unfilled wash areas within the Property. In connection therewith Developer Parties shall be permitted to suspend wet utility lines below the Bridges, if applicable. 7.4 Custom Signage and Landscaping. Adero shall submit a sign plan to the Town for approval. A property owners’ association shall be responsible for the maintenance of any custom signage and landscaping along all rights-of-way including the public right-of-way for Eagle Ridge Drive. Custom signage for vehicular control shall convey the basic principles that 2112643.24 18 govern design in accordance with the most current edition of the Manual on Uniform Traffic Control Devices. 8. Town Regulation of Development. 8.1 Applicable Rules. The rules, regulations and official policies of the Town applicable to and governing the development of Adero Canyon shall be those rules, regulations, and official policies which were existing and in force for the Town as of January 1, 2014. The Town shall not impose or enact any additional conditions, zoning exactions, dedications, rules, regulations, or official policies applicable to or governing the development of the Property except for any of the following: 8.1.1 Consistent Modifications. Future land use rules, regulations and official policies of the Town that are consistent with and not contrary to the Preliminary Plats, the Final Master Plats, and the Final Parcel Plats and that do not: (i) decrease the development potential of the Property; (ii) require any additional infrastructure improvements or dedications in connection with the development of the Property; (iii) limit or adversely affect the rate, timing or sequencing of development of the Property; or (iv) limit or adversely affect the uses, number and density of lots or dwelling units or intensity of development of the Property. 8.1.2 Regulatory Compliance. Future land-use rules, regulations and official policies of the Town enacted as necessary to comply with state and federal laws and regulations, provided that in the event any such state or federal laws or regulations prevent or preclude compliance with this Restated Agreement, such affected provisions of this Restated Agreement shall be modified as may be necessary (and only to the extent required) in order to comply with such state and federal laws and regulations. 8.1.3 Fees and Charges. Future imposition of taxes or filing or review fees, development fees, or modifications thereto, so long as such taxes or fees are imposed or charged by the Town to all similarly situated persons and entities. Notwithstanding the foregoing, in no event shall Adero be required to pay any type fees that did not exist in the Town’s rules and regulations in 2000. 8.1.4 Model Homes. The Town shall allow the construction of up to five model homes in each parcel before substantial completion of roads and utilities so long as operable fire hydrants and all-weather fire access are in place to serve the fire protection needs (i.e. adequate pressure and volume) for the homes. Certificates of Occupancy for these homes shall not be issued until finished roadways (subject only to paving of the “final lift”) are complete and potable water, sewer and electrical power services are operational to the homes and approved by the Town for use. 8.1.5. Parking. On-street parking on private streets shall be permitted on the non-sidewalk side of streets only, so long as a 20-foot driveable area remains in the right-of- way for passage of emergency vehicles. 2112643.24 19 To the extent that any new or amended rules, regulations, or official policies of the Town not specifically enumerated in this Section 8.1 above conflict with the Preliminary Plats, the Final Master Plats, the Final Parcel Plats, or this Restated Agreement, then the Preliminary Plats, the Final Master Plats, the Final Parcel Plats and this Restated Agreement as applicable, shall control. 8.2 Moratorium. The Town may enact any moratorium, ordinance, resolution or other land-use rule or regulation or limitation on the rate, timing or sequencing of the development of the Property that applies equally to all vacant residential lots in Fountain Hills, and is otherwise permitted pursuant to ARIZ. REV. STAT. § 9-463.06 in effect as of the date hereof. 8.3 Utilities. The Developer Parties acknowledge that the Town, at the date of execution of this Restated Agreement, provides no municipal utility services (except fire service, if applicable) and the Town has no control over the provision of such services by other entities and makes no representations with respect to the availability of such services provided by other entities. Notwithstanding the foregoing, the Town agrees that in the event it provides municipal utility services in the future, the Town (i) shall make such services available to the Property on the same terms of availability as are applicable to other real property served by the Town, (ii) shall continue to provide such services as reasonably required in connection with development and use of the Property, and (iii) shall not adopt policies and procedures with respect to the provision of such services which would delay development of the Property. 8.4 Review Fees. The Town shall waive all construction permit (but not plan check) fees for subdivisions for the Property for Eagles Nest and Adero. If expedited review of any plans is requested by Adero, upon receipt of such a request, the Town shall discuss the request with Adero and Town staff to determine who the Town will retain as its outside consultant to complete the expedited review. Once the Parties reasonably agree on (i) the applicable time frame for review, (ii) the applicable outside consultant, and (iii) the consultant’s total fees, Adero will be responsible to promptly pay the Town’s actual cost related to outsourcing as such costs are billed to the Town. The Town shall complete the review process as outlined above in a timely manner. If the Town needs or desires technical expertise beyond its internal expertise for items for which fees are payable by Adero, the Town may engage such experts as it deems necessary according to the process above and all costs of such experts shall be the responsibility of Adero. Adero shall also pay within 30 days after execution of this Agreement by all parties, $30,000 to defray a portion of the Town’s reasonable attorney’s fees incurred in drafting, revising and negotiating this Restated Agreement. 9. Cooperation and Alternative Dispute Resolution. 9.1 Representatives. To further the commitment of the Parties to cooperate in the implementation of this Restated Agreement, upon the request of any Developer Party or the Town, the Town and the applicable Developer Party shall each designate and appoint a representative to act respectively on behalf of the Town and its various departments and the applicable Developer Party, except as otherwise provided in this Restated Agreement or by law. The initial representative for the Town shall be the Town Attorney, and the initial representative for the applicable Developer Parties shall be its General Counsel, or other party, as identified by 2112643.24 20 the applicable Developer Party from time to time. The representatives shall be available at all reasonable times to discuss and review the performance of the Parties to this Restated Agreement, and shall cooperate in order to facilitate any third party action needed to complete the actions contemplated by this Restated Agreement. 9.2 Impasse Procedure. If an impasse or dispute arises out of or relates to this Restated Agreement, or the breach thereof, including without limitation the submittal, its interpretation or intent, or processing and approval of the Final Parcel Plats, the Parties agree to first try in good faith to settle the dispute by negotiation. In the event of any such negotiation, the Parties shall personally meet in an effort to resolve such dispute within twenty (20) days of written request to do so by either the Town or the applicable Developer Party. 9.3 Default; Cure. Upon a failure or unreasonable delay by any Party to perform or otherwise act in accordance with any term or provision of this Restated Agreement, and failure of the procedures set forth in Sections 9.1 and 9.2 above, the other Party may give written notice of default specifying the nature of the failure or delay and the manner in which it may be satisfactorily cured, if possible. In the event such failure or delay is not cured within 30 days after notice of nonperformance is given by the non-defaulting Party, such Party will be in default. In the event of such default, the non-defaulting Party may seek as its remedy, either the damages reasonably related to the breach or specific performance. If the nature of the defaulting Party’s nonperformance is such that it cannot reasonably be cured within 30 days, then the defaulting Party will have such additional periods of time as may be reasonably necessary under the circumstances, provided the defaulting Party promptly (i) provides written notice to the non-defaulting Party and (ii) commences to cure its nonperformance and thereafter diligently continues to completion the cure of its nonperformance. In no event shall any such cure period exceed 90 days. 10. Notices. Any notice required or permitted to be given under this Restated Agreement shall be in writing and shall be deemed to have been duly given if (i) delivered to the Party at the address set forth below, (ii) deposited in the U.S. Mail, registered or certified, return receipt requested, to the address set forth below or (iii) given to a recognized and reputable overnight delivery service, to the address set forth below: Town: Town of Fountain Hills 16705 East Avenue of the Fountains Fountain Hills, Arizona 85268 Attn: Kenneth W. Buchanan, Town Manager With a copy to: GUST ROSENFELD, P.L.C. One East Washington Street, Suite 1600 Phoenix, Arizona 85004-2553 Attn: Andrew J. McGuire 2112643.24 21 Developer Parties: MCO Properties Inc. 13620 S. Saguaro, Suite 200 Fountain Hills, Arizona 85268 Attn: Jeremy Hall With a copy to: MCO Properties Inc. 1330 Post Oak Boulevard, Suite 2000 Houston, Texas 77056 Attn: David Suson or at such other address, and to the attention of such other person or officer, as any Party may designate in writing by notice duly given pursuant to this Subsection. Notices shall be deemed received (i) when delivered to the Party in person or by facsimile, (ii) three business days after being placed in the U.S. Mail, properly addressed, with sufficient postage or (iii) the following business day after being given to a recognized overnight delivery service, with the person giving the notice paying all required charges and instructing the delivery service to deliver on the following business day. If a copy of a notice is also given to a Party’s counsel or other recipient, the provisions above governing the date on which a notice is deemed to have been received by a Party shall mean and refer to the date on which the Party, and not its counsel or other recipient to which a copy of the notice may be sent, is deemed to have received the notice. 11. General Provisions. 11.1 Waiver. No delay in exercising any right or remedy shall constitute a waiver thereof, and no waiver by the Town or a Developer Party of the breach of any covenant of this Restated Agreement shall be construed as a waiver of any preceding or succeeding breach of the same or any other covenant or condition of this Restated Agreement. 11.2 Headings. The descriptive headings of the sections and paragraphs of this Restated Agreement are inserted for convenience only and shall not control or affect the meaning or construction of any of the provisions hereof. 11.3 Exhibits. Any exhibit attached hereto shall be deemed to have been incorporated herein by this reference with the same force and effect as if fully set forth in the body hereof. 11.4 Further Acts. Each of the Parties hereto shall execute, acknowledge and deliver all such documents, instruments, stipulations and affidavits and perform all such acts as reasonably necessary, from time to time, to carry out the matters contemplated by this Restated Agreement. Without limiting the generality of the foregoing, the Town shall timely cooperate and process promptly any requests and applications for any necessary approvals relating to the development of the Property by a Developer Party and its successors and assigns, or otherwise provided for hereunder. The Town’s cooperation, processing and approvals of matters with respect to the Property shall not be withheld or delayed so as to unreasonably impede development of the Property. 2112643.24 22 11.5 Successors and Assigns. All of the provisions hereof shall inure to the benefit of and be binding upon the successors and assigns of the Parties hereto. 11.6 Third Parties. No term or provision of this Restated Agreement is intended to or shall be for the benefit of any person, firm, organization or corporation not a Party hereto, and no such other person, firm, organization or corporation shall have any right or cause of action hereunder. 11.7 Entire Agreement. This Restated Agreement constitutes the entire agreement between the Parties hereto pertaining to the subject matter hereof. All prior and contemporaneous agreements, representations and understandings of the Parties, oral or written, are hereby superseded and merged herein. 11.8 Amendments. No change or addition shall be made to this Restated Agreement except by a written amendment executed by the Parties hereto. Except as otherwise provided herein, any such amendment shall be adopted as required by law. 11.9 Good Standing; Authority. Each of the Parties respectively represents and warrants to the other (i) that it is duly formed and validly existing under the laws of Arizona, with respect to MCO, or a municipal corporation within the State of Arizona, with respect to the Town, (ii) that it is respectively a Delaware limited partnership duly qualified to do business in the State of Arizona or an Arizona municipal corporation and is in good standing under the applicable state laws, and (iii) that the individual(s) executing this Restated Agreement on behalf of the respective Parties is authorized and empowered to bind the Party on whose behalf each such individual is signing and that all necessary corporate, Town Council or other approvals or consents necessary to the effectiveness of this Restated Agreement have been granted or obtained. 11.10 Legality. The Town hereby represents that: 11.10.1. Valid Approval. The Town has complied or shall timely comply with all applicable laws and has taken or shall take all necessary steps, including without limitation, the holding of all required public hearings, to enter into this Restated Agreement and obligate the Town hereunder; and 11.10.2. Valid Authority. The Town has the authority to enter into this Restated Agreement and comply with its requirements. 11.11 Severability. If any provision of this Restated Agreement is declared void or unenforceable, such provision shall be severed from this Restated Agreement, which shall otherwise remain in full force and effect and this Restated Agreement shall be deemed reformed to replace the void or unenforceable provision with a valid and enforceable provision as similar as possible in effect to the void or unenforceable provision. The Parties shall meet and confer as soon as practicable for the purpose of drafting, in good faith, the substitute provision. If an applicable law or court of competent jurisdiction prohibits or excuses the Town from undertaking any contractual commitment to perform an act hereunder, this Restated Agreement 2112643.24 23 shall remain in full force and effect, but the provision requiring such action shall be deemed to permit the Town to take such action at its discretion. 11.12 Termination Upon Sale of Lots. This Restated Agreement shall automatically terminate as to any Lot (defined below), without the necessity of any notice, agreement or recording by or between the Parties, anytime the required certificates of occupancy are issued by the appropriate Town official for all buildings on a Lot. A “Lot” (collectively “Lots”) shall be any part of the Property, including common areas, that is identified in a recorded residential subdivision plat or site plan that has received final approval from the Town. This Restated Agreement shall automatically terminate as to any part of the Property that is dedicated by deed, map of dedication or otherwise for public or governmental facilities and uses. Nothing contained in this Section 11.12 shall affect any obligation, tax, charge, assessment, encumbrance or other lien imposed on any Lot by the Town, a community facilities district or any other special taxing district. 11.13 Governing Law. This Restated Agreement is entered into in Arizona and shall be construed and interpreted under the internal laws of Arizona, without reference to conflict of laws principles, and suit pertaining to this Restated Agreement may be brought only in courts in Maricopa County, Arizona. 11.14 Notice of ARIZ. REV. STAT. §38-511. The Town hereby notifies the Developer Parties of the provisions of ARIZ. REV. STAT. §38-511 (Cancellation of political subdivision and state contracts; definition), which provides, inter alia, that the state, its political subdivisions or any department or agency of either may, within three years after its execution, cancel any contract, without penalty or further obligation, made by the state, its political subdivisions, or any of the departments or agencies of either if any person significantly involved in initiating, negotiating, securing, drafting or creating the contract on behalf of the state, its political subdivisions or any of the departments or agencies of either is, at any time while the contract or any extension of the contract is in effect, an employee or agent of any other party to the contract in any capacity or a consultant to any other party of the contract with respect to the subject matter of the contract. The Parties acknowledge that no person significantly involved in initiating negotiating, securing, drafting or creating this Restated Agreement on behalf of the Town either is an employee or agent of the Developer Parties, in any capacity, or a consultant to the Developer Parties with respect to the subject matter of this Restated Agreement. 11.15 Time of Essence. Time is of the essence of this Restated Agreement and each provision hereof. 11.16 Counterparts. This Restated Agreement may be signed in counterparts, and the fully executed counterparts shall together constitute a single original Agreement. 11.17 Attorneys Fees. If either Party hereto shall bring suit against the other as a result of any alleged breach or failure by the other Party to perform any obligations under this Restated Agreement or in any exhibit or other document delivered pursuant hereto, or shall seek declaratory relief with respect to any provision hereof, then in such event, the prevailing Party in such action shall, in addition to any other relief granted or awarded by the court, be entitled to 2112643.24 24 judgment for reasonable attorneys’ fees and expert witness expenses incurred by reason of such action and all costs of suit and those incurred in preparation thereof at both trial and appellate levels. 11.18 Counterparts. This Restated Agreement may be executed in counterparts, all of which together shall be deemed to constitute one instrument, and each of which shall be deemed an original. In addition, the Parties acknowledge and agree that facsimile or scanned and electronically transmitted signatures shall be deemed valid and binding, and thereafter, upon request of either Party, each Party agrees to deliver original signed copies of this Restated Agreement to the other Party. 11.19 Non-Default. By executing this Restated Agreement, all parties affirmatively assert that (i) the other parties are not currently in default, nor have been in default at any time prior to this Restated Agreement that has not been cured, under any of the terms or conditions of the Agreement and (ii) any and all claims, known and unknown, relating to the Agreement and existing on or before the date of this Restated Agreement are forever waived. [SIGNATURES ON FOLLOWING PAGES] IN WITNESS WHEREOF,the Parties hereto have executed this Restated Agreement as of the date and year first set forth above. "Town" TOWN OF FOUNTAIN HILLS, an Arizona municipal corporation Kenneth W.Buchanan,Town Manager ATTEST: Bevelyn J. BjaldciyTown Clerk (ACKNOWLEDGMENT) STATE OF ARIZONA ) ss. COUNTY OF MARICOPA ) On 3l , 2014, before me personally appeared Kenneth W. Buchanan, the Town ManageV of the TOWN OF FOUNTAIN HILLS,an Arizona municipal corporation, whose identity was proven to me on the basis of satisfactory evidence to be the person who he claims to be, and acknowledged that he signed the above document. X hj>.(ueuffc.^ Notary Public ^ICEE BAXTER" Dscamter 0,2016 2112643.24 CONTINUE ON FOLLOWING PAGE] 25 MCO" MCO Properties Inc., a Delaware corporation,successor-in-interest to By:MCO Properties L.P.,d/b/a MCO Properties Limited Partnership a Delaware limited partnership Jeremy Hall,President (ACKNOWLEDGMENT) STATE OF AkZ-orv<^ ) ss. COUNTY OF ptflunUsflrt.) On of MCO PROPER _j , 2014, before me personally appeared Jeremy Hall, President IES INC., a Delaware corporation,as successor-in-interest to MCO Properties L.P., d/b/a MCO Properties Limited Partnership,a Delaware limited partnership, whose identity was proven to me on the basis of satisfactory evidence to be the person who he claims to be, and acknowledged that he signed the above document,on behalf of the corporation. AJUWuv^I- Notary Public (Affix notary seal here) 2112643.24 WU_ [SIGNATURES CONTINUE ON FOLLOWING PAGE] CASSANDRA B.HANSEN Notary Public -Arizona Maricopa County My Comm Expires Jan 20.2017 26 "EAGLES NEST" EN LLC,d/b/a EN at Fountain Hills LLC,a Delaware limited liability company Jeremy Hall,President On STATE OF QE2 ^ h £ COUNTY OF LjVh lAPtsf 6u. EN LLC, d/b/a EN at Fountain Hills LLC, a Delaware limited partnership,whose identity was proven to me on the basis of satisfactory evidence to be the person who he claims to be, and acknowledged that he signed the above document,on behalf of the partnership. (KAAjb-tf>--0>A-c Notary Public (Affix notary seal here) (ACKNOWLEDGMENT) ) ss. ,2014,before me personally appeared Jeremy Hall,President of [SIGNATURES CONTINUE ON FOLLOWING PAGE] 2112643.24 CASSANDRA B.HANSEN Notary Public - Arizona Maricopa County MyComm. Expires Jan 20. 2017 27 "ADERO" Adero Canyon LLC, a Delaware limited liability company Jeremy Hall,President (ACKNOWLEDGMENT) STATE OF Vi z^n^.J ) ss. COUNTY OF W (A\p <L.j>p^) On (|m3-of ADERO CANYON LLC,a Delaware limited liability company,whose identity was proven to me on the basis of satisfactory evidence to be the person who he claims to be, and acknowledged that he signed the above document,on behalf of the company. 7 oJbu-*-Jju^ Notary Public (Affix notary seal here) 2112643.24 ,2014,before me personally appeared Jeremy Hall,President CASSANDRAB.HANSEN Notary Public - Arizona Maricopa County My Comm.Expires Jan 20. 2017 28 2112643.24 29 EXHIBIT A-1 TO FINAL SETTLEMENT AGREEMENT AMENDED AND RESTATED MAY 1, 2014 BETWEEN THE TOWN OF FOUNTAIN HILLS AND MCO PROPERTIES INC. [Legal Description – Eagle Ridge North Property] See following pages. WHEN RECORDED, MAIL TO: 0 FICIAL RECOR S OF MARICOPA COUNTY RECORDER HELEN PURCELL 2002-0187417 02/25/02 13:53 1 0 F 1 MORRISON-MAIERLE, INC. 120 NORTH 44TH STREET, SUITE 410 PHOENIX, AZ 85034-1822 (602) 244-9662 ATTN: MICHAEL N. MYER, R.L.S. CERTIFICATE OF CORRECTION TO THE FINAL PLAT OF EAGLE RIDGE NORTH PORTIONS OF SECTIONS 7, 8 AND 17, TOWNSHIP 3 NORTH, RANGE 6 EAST OF THE GILA AND SALT RIVER BASE AND MERIDIAN, TOWN OF FOUNTAIN HILLS, MARICOPA COUNTY, ARIZONA, AS RECORDED IN BOOK 580 OF MAPS, PAGE 26, MARICOPA COUNTY RECORDS. THE ABOVE REFERENCED PLAT IS HEREBY CORRECTED AS FOLLOWS: CORRECTING THE FOLLOWING COURSES ALONG THE MOST SOUTHERLY BOUNDARY LINE OF SAID SUBDIVISION, BEGINNING AT THE MOST EASTERLY CORNER OF PARCEL 9 AND TRAVERSING CLOCKWISE ALONG SAID SOUTHERLY BOUNDARY LINE TO THE NORTHWEST CORNER OF SAID SECTION 17. THE LEGAL DESCRIPTION COURSES ON SHEET 1 OF 10, AND THE MAPS ON SHEETS 3 AND 5 OF I 0 ARE BEING CORRECTED AS SHOWN BELOW; THE EXISTING COURSE OF S. 44°54'11" W., A DISTANCE OF 555.86 FEET SHOULD BE CORRECTED TO: S. 44°54'11" W., A DISTANCE OF 567.98 FEET. THE EXISTING COURSE OF S. 11°56'14" E., A DISTANCE OF 525.84 FEET SHOULD BE CORRECTED TO: S. 36°01 '16" E., A DISTANCE OF 13.63 FEET TO THE BEGINNING OF A CURVE CONCAVE SOUTHWESTERLY AND HAVING A RADIUS OF 935.00 FEET; THENCE SOUTHEASTERLY ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 00°38'53" AN ARC LENGTH OF 10.58 FEET; THENCE DEPARTING RADIALLY TO SAID CURVE, S. 54°37'37" W., A DISTANCE OF 70.00 FEET TO A POINT ON A CURVE CONCENTRIC WITH AFORESAID CURVE AND HAVING A RADIUS OF 865.00 FEET; THENCE SOUTHEASTERLY ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 28°28'23" AN ARC LENGTH OF 429.86 FEET; THENCE S. 06°54 '00" E., A DISTANCE OF 48.00 FEET. THE EXISTING COURSE OF N. 39°14'11" W., A DISTANCE OF 181.96 FEET SHOULD BE CORRECTED TO: N. 39°14'11" W., A DISTANCE OF 180.33 FEET. Page I of3 H:\PROJ\8294002\DOCS\CERT -CORR.doc OU!lLEHI 20020187417 THE FOLLOWING TWO EXISTING COURSES ARE TO REMAIN UNCHANGED: N. 80°32'07" W., A DISTANCE OF 970.18 FEET AND N. 55°38'30" W., A DISTANCE OF 763.68 FEET. THE EXISTING COURSE OF S. 15°23'20" W., A DISTANCE OF 994.72 FEET SHOULD BE CORRECTED TO: S. 32°56'26" W., 487.75 FEET. THE FINAL EXISTING COURSE OF N. 00°07'50" W., A DISTANCE OF 2638.91 FEET TO THE NORTHWEST CORNER OF SAID SECTION 17 SHOULD BE CORRECTED TO: N. 00°07'50" W., A DISTANCE OF 2089.19 FEET TO THE NORTHWEST CORNER OF SAID SECTION 17. THE AFFECTED PARCEL AREAS SHOWN ON SHEET 2 OF I 0 ARE TO BE CORRECTED TO: PARCEL I EXISTING AREA OF I, !15,855 SQUARE FEET/25.62 ACRES SHOULD BE CORRECTED TO: 1,042,884 SQUARE FEET/23.94 ACRES. RIGHT OF WAY EXISTING AREA OF 566,362 SQUARE FEET/13.00 ACRES SHOULD BE CORRECTED TO: 559,921 SQUARE FEET/12.85 ACRES. TOTAL EXISTING AREA OF 18,783,045 SQUARE FEET/431.20 ACRES SHOULD BE CORRECTED TO: 18,703,633 SQUARE FEET/429.38 ACRES. NOTES: 1.) SEE ATTACHED "EXHIBIT A" FOR A GRAPHIC DEPICTION OF THE ABOVE DESCRIBED CORRECTIONS AND "EXHIBIT B" FOR THE CORRECTED OVERALL LEGAL DESCRIPTION FOR "EAGLE RIDGE NORTH" SUBDIVISION. 2.) THE ABOVE DESCRIBED CORRECTIONS HAVE BEEN REVIEWED AND ACCEPTED BY THE TOWN ENGINEER OF FOUNTAIN HILLS AND THE OWNER OF DESCRIBED LAND, M.C.O. PROPERTIES L.P. 3.) SAID CORRECTIONS AND LEGAL DESCRIPTION ARE TO BE INTEGRATED WITH THE RECORDED PLAT OF "EAGLE RIDGE NORTH" AS SHOWN IN BOOK 580, PAGE 26, MARICOPA COUNTY RECORDS. Page 2 of3 H :\PROJ\8294002\DOCS\CER T -CORR.doc '''":; 20020187417 I, MICHAEL N. MYER, A REGISTERED LAND SURVEYOR IN THE STATE OF ARIZONA, DO HEREBY CERTIFY THAT I HAVE INSPECTED THE FINAL PLAT DESCRIBED HEREIN AND HAVE DETERMINED THAT THIS CERTIFICATE OF CORRECTION IS CORRECT AND ACCURATE. Page 3 of3 H•IPROJ\8294002\DOCSICERT-CORR.doc ,, .. ,], ·····:\ NW COR SECTION 17 T. 3 N., R. 6 E., G. & S. R. B. & M., FD. GLO BRASS CAP GRAPHIC SCALE 20020187417 \ \ \ \ CORRECTED 100 0 50 100 200 BOUNDARY LINE \ C1 L~-•::.•••::...1~~~ -~! ( IN FEET ) EXISTING BOUNDARY LINES pg: 0 ;.;:: LINE BEARING "N IN L1 S44'54'11"W LINE TABLE ~'-j;!! L2 S36"01'16"E <J) (/) 1 J; L3 S54"37'37"W L4 S06"54'00"E I W 1/4 COR SECTION 17 T. 3 N., R. 6 E., G. & S. R. B. & M., 1. FD. GLO BRASS CAP __@_70.18' NBo·3iQ7, EXISTING W BOUNDARY LINES TO REMAIN UNCHANGED DISTANCE 12.12' 13.63' 70.00' 48.00' H: \PROJ\8294002\Dwg\Svy\Eagle Ridge North\BDY-ADJ.dwg FOR: EXHIBIT A SCALE: 1" = 1 00' SHEET: 1 OF: 1 MORRISON DRAWING: BDY-ADJ CERTFICA TE OF CORRECTION PROJECT: 8294002 EAGLE RIDGE NORTH MAIERLE,INC. DRAWN: MNM BOOK 580, PAGE 26, M.C.R. an Arizona Corporation CHECKED: JGS FOUNTAIN HILLS, AZ 20020187417 EXHIBIT B LEGAL DESCRIPTION A PARCEL OF LAND SITUATED IN SECTION 7, 8 AND 17, TOWNSHIP 3 NORTH, RANGE 6 EAST OF THE GILA AND SALT RIVER BASE AND MERIDIAN, MARICOPA COUNTY, ARIZONA, MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHEAST CORNER OF SAID SECTION 7; THENCE SOUTH 89 DEGREES 57 MINUTES 26 SECONDS WEST, A DISTANCE OF 1009.06 FEET; THENCE SOUTH 00 DEGREES 00 MINUTES 04 SECONDS EAST, A DISTANCE OF 1964.34 FEET, THENCE SOUTH 30 DEGREES 59 MINUTES 00 SECONDS EAST, A DISTANCE OF 127.88 FEET TO THE POINT OF BEGINNING OF THE PARCEL HEREIN DESCRIBED; THENCE SOUTH 30 DEGREES 59 MINUTES 00 SECONDS EAST, A DISTANCE OF 1736.11 FEET; THENCE SOUTH 58 DEGREES 17 MINUTES 01 SECONDS EAST, A DISTANCE OF 4704.22 FEET; THENCE SOUTH 43 DEGREES 25 MINUTES 10 SECONDS WEST, A DISTANCE OF 557.22 FEET; THENCE NORTH 84 DEGREES 33 MINUTES 11 SECONDS WEST, A DISTANCE OF 1004.50 FEET; THENCE NORTH 64 DEGREES 24 MINUTES 58 SECONDS WEST, A DISTANCE OF 1155.81 FEET; THENCE SOUTH 28 DEGREES 54 MINUTES 30 SECONDS WEST, A DISTANCE OF 205.00 FEET; THENCE SOUTH 43 DEGREES 06 MINUTES 08 SECONDS WEST, A DISTANCE OF 120.82 FEET; THENCE NORTH 86 DEGREES 55 MINUTES 29 SECONDS EAST, A DISTANCE OF 154.35 FEET TO A POINT OF CURVATURE OF A TANGENT CURVE, CONCAVE SOUTHWESTERLY, HAVING A RADIUS OF 500.00 FEET; THENCE SOUTHEASTERLY ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE OF 59 DEGREES 48 MINUTES 50 SECONDS, A DISTANCE OF 521.97 FEET TO A POINT OF TANGENCY; THENCE SOUTH 33 DEGREES 15 MINUTES 41 SECONDS EAST, A DISTANCE OF 458.83 FEET TO A POINT OF CURVATURE OF A TANGENT CURVE, CONCAVE NORTHEASTERLY, HAVING A RADIUS OF 500.00 FEET; THENCE SOUTHEASTERLY ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE OF 11 DEGREES 52 MINUTES 12 SECONDS, A DISTANCE OF 103.59 FEET TO A POINT OF NON-TANGENCY; THENCE SOUTH 44 DEGREES 54 MINUTES 11 SECONDS WEST, A DISTANCE OF 567.98 FEET TO A POINT ON THE EXISTING NORTHEASTERLY RIGHT OF WAY LINE FOR EAGLE RIDGE DRIVE AS SHOWN ON THE "MAP OF DEDICATION" RECORDED IN BOOK 465, PAGE 16, MARICOPA COUNTY RECORDS, COMMON WITH THE MOST WESTERLY CORNER OF "COPPERWYND-FOUNTAIN HILLS" RECORDED IN BOOK 460, PAGE 08, MARICOPA COUNTY RECORDS; THENCE SOUTH 36 DEGREES 01 MINUTES 16 SECONDS EAST, ALONG SAID EXISTING NORTHEASTERLY RIGHT OF WAY LINE, A DISTANCE OF 13.63 FEET TO THE BEGINNING OF A CURVE CONCAVE SOUTHWESTERLY AND HAVING A RADIUS OF 935.00 FEET; THENCE SOUTHEASTERLY ALONG SAID EXISTING CURVED RIGHT OF WAY LINE, THROUGH A CENTRAL ANGLE OF 00 DEGREES 38 MINUTES 53 SECONDS AN ARC LENGTH OF 10.58 FEET; THENCE DEPARTING RADIAL TO SAID CURVE, SOUTH 54 DEGREES 37 MINUTES 37 SECONDS WEST, A DISTANCE OF 70.00 FEET TO A POINT ON THE EXISTING CURVED SOUTHWESTERLY RIGHT OF WAY LINE FOR EAGLE RIDGE DRIVE CONCENTRIC WITH SAID EXISTING CURVED NORTHEASTERLY RIGHT OF WAY LINE AND HAVING A RADIUS OF 865.00 FEET; Page 1 of 4 ll•\PROJ\8294002\DOCS\ERN-BDY.doc ··•·1. :i 20020187417 THENCE SOUTHEASTERLY ALONG SAID EXISTING CURVED RIGHT OF WAY LINE THROUGH A CENTRAL ANGLE OF 28 DEGREES 28 MINUTES 23 SECONDS AN ARC LENGTH OF 429.86 FEET; THENCE CONTINUING ALONG SAID EXISTING SOUTHWESTERLY RIGHT OF WAY LINE SOUTH 06 DEGREES 54 MINUTES 00 SECONDS EAST, A DISTANCE OF 48.00 FEET; , THENCE DEPARTING SAID EXISTING SOUTHWESTERLY RIGHT OF WAY LINE FOR EAGLE RIDGE DRIVE, NORTH 39 DEGREES 14 MINUTES 11 SECONDS WEST, A DISTANCE OF 180.33 FEET; THENCE NORTH 80 DEGREES 32 MINUTES 07 SECONDS WEST, A DISTANCE OF 970.18 FEET; THENCE NORTH 55 DEGREES 38 MINUTES 30 SECONDS WEST, A DISTANCE OF 763.68 FEET; THENCE SOUTH 32 DEGREES 56 MINUTES 26 SECONDS WEST, A DISTANCE OF 487.75 FEET TO A POINT ON THE WEST LINE OF SAID SECTION 17; THENCE NORTH 00 DEGREES 07 MINUTES 50 SECONDS WEST, ALONG THE WEST LINE OF SAID SECTION 17, A DISTANCE OF 2089.19 FEET TO THE NORTHWEST CORNER OF SAID SECTION 17; THENCE SOUTH 89 DEGREES 53 MINUTES 25 SECONDS WEST, A DISTANCE OF 649.62 FEET; THENCE NORTH 46 DEGREES 02 MINUTES 47 SECONDS WEST, A DlST ANCE OF 305.98 FEET; THENCE SOUTH 79 DEGREES 07 MINUTES 35 SECONDS WEST, A DISTANCE OF 180.24 FEET; THENCE NORTH 38 DEGREES 49 MINUTES 47 DEGREES WEST, A DISTANCE OF 52.63 FEET; THENCE NORTH 22 DEGREES 00 MINUTES 21 SECONDS EAST, A DISTANCE OF 208.17 FEET; THENCE NORTH 06 DEGREES 10 MINUTES 13 SECONDS WEST, A DISTANCE OF 111.65 FEET; THENCE NORTH 62 DEGREES 22 MINUTES 57 SECONDS WEST, A DISTANCE OF 170.42 FEET; THENCE SOUTH 46 DEGREES 19 MINUTES 28 SECONDS WEST, A DISTANCE OF 489.45 FEET; THENCE NORTH 48 DEGREES 27 MINUTES 06 SECONDS WEST, A DISTANCE OF 223.14 FEET; THENCE NORTH 22 DEGREES 32 MINUTES 07 SECONDS WEST, A DISTANCE OF 260.92 FEET; THENCE NORTH 59 DEGREES 25 MINUTES 15 SECONDS WEST, A DISTANCE OF 306.65 FEET; THENCE NORTH 85 DEGREES 22 MINUTES 48 SECONDS WEST, A DISTANCE OF 99.32 FEET; THENCE SOUTH 22 DEGREES 01 MINUTES 23 SECONDS WEST, A DISTANCE OF 288.02 FEET; THENCE NORTH 86 DEGREES 09 MINUTES 31 SECONDS WEST, A DISTANCE OF 113.38 FEET; THENCE NORTH 60 DEGREES 45 MINUTES 00 SECONDS WEST, A DISTANCE OF 676.46 FEET; THENCE NORTH 38 DEGREES 30 MINUTES 00 SECONDS WEST, A DISTANCE OF 190.00 FEET; THENCE NORTH 47 DEGREES 10 MINUTES 00 SECONDS WEST, A DISTANCE OF 1075.00 FEET; THENCE SOUTH 85 DEGREES 15 MINUTES 00 SECONDS WEST, A DISTANCE OF 340.00 FEET; THENCE NORTH 15 DEGREES 00 MINUTES 00 SECONDS WEST, A DISTANCE OF 210.00 FEET; THENCE NORTH 43 DEGREES 40 MINUTES 00 SECONDS WEST, A DISTANCE OF 410.00 FEET; THENCE NORTH 07 DEGREES 11 MINUTES 39 SECONDS WEST, A DISTANCE OF 429.43 FEET; THENCE NORTH 18 DEGREES 08 MINUTES 06 SECONDS EAST, A DISTANCE OF 302.00 FEET; THENCE SOUTH 75 DEGREES OJ MINUTES 55 SECONDS EAST, A DISTANCE OF 402.66 FEET; THENCE NORTH 53 DEGREES 50 MINUTES 54 SECONDS EAST, A DISTANCE OF 271.22 FEET; THENCE NORTH 22 DEGREES 06 MINUTES 56 SECONDS WEST, A DISTANCE OF 270.93 FEET; THENCE NORTH 82 DEGREES 23 MINUTES 06 SECONDS WEST, A DISTANCE OF 718.98 FEET; THENCE NORTH 03 DEGREES 06 MINUTES 15 SECONDS WEST, A DISTANCE OF 234.93 FEET TO A POINT OF CURVATURE OF A NON-TANGENT CURVE, CONCAVE TO THE EAST, TO WHICH A RADIAL LINE BEARS NORTH 03 DEGREES 06 MINUTES IS SECONDS WEST, SAID CURVE HAVING A RADIUS OF 40.00 FEET; THENCE NORTHERLY ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE OF 241 DEGREES 26 MINUTES 20 SECONDS, A DISTANCE OF 168.56 FEET TO A POINT OF CURVATURE OF A REVERSE CURVE, CONCAVE TO THE NORTHEAST, HAVING A RADIUS OF 50.00 FEET; THENCE SOUTHEASTERLY ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE OF 49 DEGREES 36 MINUTES 42 SECONDS, A DISTANCE OF 43.29 FEET TO A POINT OF TANGENCY; THENCE SOUTH 81 DEGREES 16 MINUTES 37 SECONDS EAST, A DISTANCE OF 74.85 FEET TO A POINT OF CURVATURE OF A TANGENT CURVE, CONCAVE TO THE NORTH, HAVING A RADIUS OF 180.00 FEET; Page 2 of4 H:IPROJ\8294002\DOCSIERN·BDY.doc 20020187417 THENCE EASTERLY ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE OF 35 DEGREES 02 MINUTES 53 SECONDS, A DISTANCE OF 110.11 FEET TO A POINT ON A NON- TANGENT LINE; THENCE NORTH 24 DEGREES 24 MINUTES 05 SECONDS WEST, A DISTANCE OF 263.43 FEET; THENCE NORTH 60 DEGREES 05 MINUTES 20 SECONDS EAST, A DISTANCE OF 119.65 FEET; THENCE SOUTH 59 DEGREES 10 MINUTES 00 SECONDS EAST, A DISTANCE OF 140.64 FEET; THENCE SOUTH 26 DEGREES 05 MINUTES 37 SECONDS EAST, A DISTANCE OF 157.37 FEET; THENCE NORTH 79 DEGREES 33 MINUTES 28 SECONDS EAST, A DISTANCE OF 23.39 FEET TO A POINT OF CURVATURE OF A TANGENT CURVE, CONCAVE TO THE SOUTH, HAVING A RADIUS OF 190.00 FEET; THENCE EASTERLY ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE OF 25 DEGREES 11 MINUTES 05 SECONDS, A DlSTANCE OF 83.52 FEET TO A POINT OF CURVATURE OF A REVERSE CURVE, CONCAVE TO THE NORTH, HAVING A RADIUS OF 180.00 FEET; THENCE EASTERLY ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE OF 24 DEGREES 23 MINUTES 35 SECONDS, A DISTANCE OF 76.63 FEET TO A POINT OF TANGENCY; THENCE NORTH 80 DEGREES 20 MINUTES 58 SECONDS EAST, A DISTANCE OF 25.25 FEET; THENCE NORTH 09 DEGREES 39 MINUTES 02 SECONDS WEST, A DISTANCE OF 37.22 FEET TO A POINT OF CURVATURE OF A TANGENT CURVE, CONCAVE TO THE WEST, HAVING A RADIUS OF 430.00 FEET; THENCE NORTHERLY ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE OF 25 DEGREES 05 MINUTES 43 SECONDS, A DISTANCE OF 188.34 FEET TO A POINT ON A NON- TAN GENT LINE; THENCE NORTH 62 DEGREES 36 MINUTES 57 SECONDS EAST, A DISTANCE OF 405.10 FEET; THENCE SOUTH 53 DEGREES 45 MINUTES 01 SECONDS EAST, A DISTANCE OF 542.54 FEET; THENCE SOUTH 66 DEGREES 08 MINUTES 45 SECONDS EAST, A DISTANCE OF 497.09 FEET; THENCE SOUTH 51 DEGREES 09 MINUTES 44 SECONDS EAST, A DISTANCE OF 419.71 FEET; THENCE SOUTH 46 DEGREES 40 MINUTES 41 SECONDS EAST, A DISTANCE OF 251.52 FEET; THENCE NORTH 46 DEGREES 06 MINUTES 32 SECONDS EAST, A DISTANCE OF 69.23 FEET TO A POINT OF CURVATURE OF A TANGENT CURVE, CONCAVE TO THE NORTHWEST, HAVING A RADIUS OF 40.00 FEET; THENCE NORTHERLY ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE OF 35 DEGREES 39 MINUTES 33 SECONDS, A DISTANCE OF 24.89 FEET TO A POINT ON A REVERSE CURVE, CONCAVE TO THE SOUTHWEST, AND HAVING A RADIUS OF 40.00 FEET; THENCE EASTERLY ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE OF 251 DEGREES 19 MINUTES 06 SECONDS, A DISTANCE OF 175.45 FEET TO A POINT ON A REVERSE CURVE, CONCAVE TO THE SOUTH, AND HAVING A RADIUS OF 40.00 FEET; THENCE SOUTHWESTERLY ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE OF 35 DEGREES 39 MINUTES 33 SECONDS, A DISTANCE OF 24.89 FEET TO A POINT OF TANGENCY; THENCE SOUTH 46 DEGREES 06 MINUTES 32 SECONDS WEST, A DISTANCE OF 252.63 FEET TO A POINT OF CURVATURE OF A TANGENT CURVE CONCAVE TO THE SOUTHEAST, AND HAVING A RADIUS OF 375.00 FEET; THENCE SOUTHWESTERLY, ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE OF 06 DEGREES 16 MINUTES 28 SECONDS, A DISTANCE OF 41.07 FEET TO A POINT ON A NON-TANGENT LINE; THENCE SOUTH 36 DEGREES 31 MINUTES 11 SECONDS EAST, A DISTANCE OF 119.42 FEET; THENCE NORTH 58 DEGREES 32 MINUTES 12 SECONDS EAST, A DISTANCE OF 396.00 FEET; THENCE NORTH 84 DEGREES 44 MINUTES 21 SECONDS EAST, A DISTANCE OF 146.14 FEET; THENCE NORTH 44 DEGREES 03 MINUTES 01 SECONDS EAST, A DISTANCE OF 265.40 FEET; THENCE SOUTH 75 DEGREES 45 MINUTES 17 DEGREES EAST, A DISTANCE OF 73.67 FEET; THENCE SOUTH 52 DEGREES 48 MINUTES 24 SECONDS EAST, A DISTANCE OF 227.70 FEET; THENCE SOUTH 66 DEGREES 02 MINUTES 43 SECONDS EAST, A DISTANCE OF 267.88 FEET; THENCE NORTH 59 DEGREES 08 MINUTES 54 SECONDS EAST, A DISTANCE OF 394.36 FEET TO THE POINT OF BEGINNING OF THE PARCEL HEREIN DESCRIBED. Page 3 of 4 H:\PROJ\8294002\DOCS\ERN-BDY.doc .. /''r,,.'l 1::;;,'r ;:::; 20020187417 EXCEPTING THEREFROM THE CHAPARRAL CITY WATER COMPANY RESERVOIR SITE #6 PER DOC. #96-0426325. (107,036 SQUARE FEET/2.46 ACRES MORE OR LESS). THE ABOVE DESCRIBED PARCEL CONTAINS 18,703,633 SQUARE FEET OR 429.38 ACRES MORE OR LESS. Page 4 of4 H :\PROJ\8294002\DOCS\E RN ·B DY .doc ...... I, 2112643.24 30 EXHIBIT A-2 TO FINAL SETTLEMENT AGREEMENT AMENDED AND RESTATED MAY 1, 2014 BETWEEN THE TOWN OF FOUNTAIN HILLS AND MCO PROPERTIES INC. [Map – Eagle Ridge North Property] See following pages. 2112643.24 31 EXHIBIT B-1 TO FINAL SETTLEMENT AGREEMENT AMENDED AND RESTATED MAY 1, 2014 BETWEEN THE TOWN OF FOUNTAIN HILLS AND MCO PROPERTIES INC. [Legal Description – Eagles Nest Property] See following pages. -------------------------------------------------------------------------------- t! COR MARICOPA COUNTY R CORDER ..•. , . ~E{...EN PURCELL 2002-0$2~617 06/19/02 14:19 WHEN RECORDED, MAIL TO: MORRISON-MAIERLE, INC. 120 NORTH 44TH STREET, SUITE 410 PIIOE~.~ 85034-1822 (602) 244-9662 ATTN: MICHAELN. MYER, R.L.S. ------~--~ ____ 1 __ _Q_F 1 CERTIFICATE QF CORRECTION TO THE FINAL PLAT OF EAGLES NEST PORTIONS OF SECTIONS 5, 6, 7 AND 8, TOWNSHIP 3 NORm, RANGE 6 EAST OF 1HE GILA AND SALT RIVER BASE AND MERIDIAN, TOWN OF FOUNTAIN HlLLS, MARl COP A COUNTY, ARIZONA, AS RECORDED IN BOOK 580 OF MAPS, PAGE 25, MARICOPA COUNTY RECORDS. THE ABOVE REFERENCED PLAT IS IIEREBY CORRECTED AS FOLLOWS: CORRECTING THE EASTERLY BOUNDARY LINE OF SAID SUBDMSION ON SHEETS 1, 2, 5 "-----/ AND 9 AS FOLLOWS: SHEETl OF9 CORRECTIONS TO 'IHE FOLLOW'rnG ITEMS IN THE LEGAL DESCRIPTION: i. THE EXISTING COURSE OF "THENCE SOUTII, A DISTANCE OF 1124.36 FEET;" CONTAINED WITHlN TilE LEGAL DESCRIPTION SHOULD BE CORRECTED TO: THENCE S. 51°04'20"W., A DISTANCE OF 139.38 FEET; THENCE S. 15°09'27" W., A DISTANCE OF 262.00 FEET; THENCE S. 65°06'46" E., A DISTANCE OF 195.05 FEET; THENCE SOUTH, A DISTANCE OF 701.81 FEET; RE~ESR 2. THE LAST SENTENCE CONTA.mED WI'l1!m THE LEGAL DESCRlPTION "mE ABOVE DESCRIBED PARCEL CONTAINS 21,149,662 SQUARE FEET OR 485.53 ACRES MORE OR LESS." SHOULD BE CORRECTED TO: THE ABOVE DESCR1BED PARCEL CO NT AlliS 21,101,569 SQUARE FEET OR 484.42 ACRES MORE OR LESS. Page I of3 H:\PROJ\8294002\Dwg\Svy\Eagles Nest\DOCS\CERT -CORRdoc RECEIVED JUL 0 3 Z002 20020624617 SHEET 2 OF 9 CORRECTlONS TO THE "PARCEL AREAS" TABLE: 1. THE EXISTING AREA FOR PARCEL 8 OF "2,371,582 SQUARE FEET OR 54.44 ACRES" SHOULD BE CORRECTED TO: 2,323,489 SQUARE FEET OR 53.34 ACRES. 2. THE TOTAL AREA OF "21,149,662 SQUARE FEET OR 485.53 ACRES" SHOULD BE CORRECTED TO: 21,101,569 SQUARE FEET OR 484.42 ACRES" SHEET 5 OF 9 THE MOST NORTHERLY DIMENSION ALONG THE EASTERLY BOUNDARY LINE OF "S. 00°00'00" E., 1124.36' " SHOULD BE CORRECTED TO: Unofficial Document S. 00°00'00" E., 701.81' SHEET90F 9 REFER TO "EXH!BIT A" FOR THE GRAPHIC CORRECTIONS THAT OCCUR ON THIS SHEET. THE COURSE DESIGNATED ALONG TTIE EASTERLY BOUNDARY LINE OF "S. 00°00'00" E., 1124.36'" SHOULD BE CORRECTED TO: (BEGINNING AT THE NORTIIWEST CORNER Or LOT 34 OF FOUNTAIN HILLS PLAT NO. 506-C, AS RECORDED IN BOOK 159, PAGE 31, M.C.R.); THENCE S. 51°04 '20" W., 139.38'; THENCE S. 15°09'27" W., 262.00'; THENCE S. 65°06'46" E., 195.05'; THENCE S. 00°00'00" E., 701.81' l'ag~ 2 o!"3 ll:\i'RO.I\H2'J4002\Dwg\Svy\J.:agles N~st\110( :s\< "I '.RT-C"ORltdoe ,., •. d NOTES: 20020624617 1.) SEE ATTACHED "EXHU3IT A" FOR A GRAPHIC DEPICTION OF THE ABOVE DESCRIBED CORRECTIONS AND "EXHIBIT B" FOR THE CORRECTED OVERALL LEGAL DESCRIPTION FOR "EAGLES NEST" SUBDIVISlON. 2.) THE ABOVE DESCRIBED CORRECTIONS HAVE BEEN REVIEWED AND ACCEPTED BY THE TOWN ENGTNEER OF FOUNTAIN HILLS AND THE OWNER OF DESCRIBED LAND, M.C.O. PROPERTIES L.P. 3.) SAID CORRECTIONS AND LEGAL DESCRIPTION ARE TO BE INTEGRATED WITH THE RECORDED PLAT OF "EAGLES NEST" AS SHOWN IN BOOK 580, PAGE 25, MARICOPA COUNTY RECORDS. I, MICHAEL N. MYER, A REGISTERED LAND SURVEYOR IN THE STATE OF ARIZONA, DO HEREBY CERTIFY THAT I HAVE INSPECTED THE FINAL PLAT DESCRIBED HEREIN AND HAVE DETERMINED THAT THIS CERTIFICATE OF CORRECTION IS CORRECT AND ACCURATE. Unofficial Document Page 3 o!' .l 11:\I'R< lJ\X2'!4002\Dwg\Svy\Faglcs Nest\! lOC'S\< :1 '.In-<:( lRR.doc •.o,,l ,·.,,,' Ql « L[) _] u Q_ U1 Ql ·c Ql Vl 0 0 0 L[) ~ Ql ....., '- Ql U1 0 _] Q_ I C.: CD E E 2 Q_ Gl 0 z~ u 0..----[---.. -~ I-I ..---- Q__N I wc..o [---.. u..---- I I l::w l_nlo U) _o Nlo NSJ ~0 10 1(/} I I 20020624617 N 90°00'00" W --------- -POINT OF BEGINNING PER DOC #88-374550 AND DOC #2001-0220823 1270.42' FOR EXCEPTION (APN 176-21-4 71 C) w z (_')_j Z>- 1-CX:: U)<( xo wz ~ 0 CD .f"il --: Oi l ~~ r [ 1 .\ J \I ( i'· TJ .NI .. ~. " . ·.·'· '(-· r. ,·.. ? ... 1 ..... ~ ··\ r., \ ' • ,., ' ,¥ \J ) / / SCALE: 1" = 1 00' SHEET: 1 OF: 1 EXH/81 A MORRISON DRAWING: CERT-CORR CERTIFICATE OF CORRECTION PROJECT: 8.340004.042 EAGLES NEST SUBDIVISION 0 MAIERLE,INC. f--DR_AW_N: _M_NM ___ --1 BOOK 580, PAGE 25, MC.R. cr an Arizona Corporation CHECKED JGS FOUNTAIN HILLS, AZ ~.L----------------------L----~~--------J-------------------~--------~ I 20020624617 EXHIBIT R LEGAL DESCRlPTION A PORTION OF LAND SITUATED IN SECTIONS 5, 6, 7 AND 8, TOWNSHIP 3 NORTH, RANGE 6 EAST OF THE GILA AND SALT RIVER BASE AND MERIDIAN, MARICOPA COUNTY, ARIZONA, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHWEST CORNER OF SAID SECTION 6; THENCE NORTH 89 DEGREES 53 MINUTES 17 SECONDS EAST, A DISTANCE OF 1273.31 FEET TO THE POINT OF BEGINNING; THENCE CONTINUING NORTH 89 DEGREES 53 MINUTES 17 SECONDS EAST, A DISTANCE OF 1325.65 FEET TO THE NORTH QUARTER CORNER OF SAID SECTION 6; THENCE NORTH 89 DEGREES 51 MINUTES 32 SECONDS EAST, A DISTANCE OF 2634.94 FEET TO THE NORTHEAST CORNER OF SAID SECTION 6 AND THE NORTHWEST CORNER OF SAID SECTION 5; THENCE NORTH 89 DEGREES 51 MINUTES 41 SECONDS EAST, A DISTANCE OF 2634.77 FEET TO THE NORTH QUARTER CORNER OF SAID SECTION 5; unofficialoocument THENCE SOUTH, A DISTANCE OF 584.50 FEET; THENCE SOUTH 55 DEGREES 45 MINUTES 56 SECONDS WEST, A DISTANCE OF 150.08 FEET; THENCE SOUTH 34 DEGREES 34 MINUTES 06 SECONDS WEST, A DISTANCE OF 46.27 FEET; THENCE SOUTH 11 DEGREES 10 MINUTES 06 SECONDS EAST, A DISTANCE OF 35.00 FEET TO A POINT OF CURVATURE OF A NON-TANGENT CURVE, CONCAVE TO THE NORTH, WHOSE RADIUS BEARS NORTH 11 DEGREES 10 MINUTES 00 SECONDS WEST, A DISTANCE OF 45.00 FEET; THENCE WESTERLY, ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE OF 38 DEGREES 56 MINUTES 33 SECONDS, A DISTANCE OF 30.59 FEET TO A POINT OF REVERSE CURVATURE OF A NON- TANGENT CURVE, CONCAVE TO THE EAST, WHOSE RADIUS BEARS SOUTH 27 DEGREES 46 MINUTES 33 SECONDS WEST, A DISTANCE OF 45.00 FEET; THENCE SOUTHERLY ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE OF 257 DEGREES 53 MINUTES 06 SECONDS, A DISTANCE OF 202.54 FEET TO A POINT OF REVERSE CURVATURE OF A NON- TANGENT CURVE CONCAVE TO THE SOUTH, WHOSE RADIUS BEARS SOUTH 50 DEGREES 06 MINUTES 33 SECONDS EAST, A DISTANCE OF 45.00 FEET; THENCE NORTHEASTERLY ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE OF 38 DEGREES 56 MINUTES 36 SECONDS, A DISTANCE OF 30.59 FEET TO A POINT OF NON-TANGENCY; THENCE SOUTH 11 DEGREES 09 MINUTES 59 SECONDS EAST, A DISTANCE OF 325.00 FEET; THENCE NORTH 73 DEGREES 15 MINUTES 00 SECONDS WEST, A DISTANCE OF 575.00 FEET; Page 1 of 4 II:\PRO.I\X294002\1 hvg\Svy\l'.aglcs Ncst\ll(l( 'S\OVERi\ I L IJ ll .. doc 20020624617 THENCE WEST, A DISTANCE OF 1270.42 FEET; THENCE SOUTH 51 DEGREES 04 MINUTES 20 SECONDS WEST, A DISTANCE OF 139.38 FEET; THENCE SOUTH 15 DEGREES 09 MINUTES 27 SECONDS WEST, A DISTANCE OF 262.00 FEET; THENCE SOUTH 65 DEGREES 06 MINUTES 46 SECONDS EAST, A DISTANCE OF 195.05 FEET; THENCE SOUTH, A DISTANCE OF 701.81 FEET; THENCE SOUTH 77 DEGREES 59 MINUTES 19 SECONDS WEST, A DISTANCE OF 48.05 FEET; THENCE SOUTH 16 DEGREES 00 MINUTES 05 SECONDS WEST, A DISTANCE OF 25.39 FEET TO A POINT OF CURVATURE OF A NON-TANGENT CURVE, CONCAVE TO THE SOUTH, WHOSE RADIUS BEARS SOUTH 12 DEGREES 02 MINUTES 48 SECONDS WEST, A DISTANCE OF 45.00 FEET; THENCE SOUTHERLY ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE OF 180 DEGREES 09 MINUTES 31 SECONDS, A DISTANCE OF 141.50 FEET TO A POINT OF NON-TANGENCY; THENCE SOUTH 23 DEGREES 08 MINUTES 34 SECONDS WEST, A DISTANCE OF 171.33 FEET; THENCE SOUTH 67 DEGREES 58 MINUTES 37 SECONDS EAST, A DISTANCE OF 151.02 FEET; THENCE SOUTH, A DISTANCE OF 533.47 FEET; THENCE SOUTH 57 DEGREES 39 MINUTES 16 SECONDS EAST, A DISTANCE OF 496.97 FEET; THENCE SOUTH 73 DEGREES 05 MINUTES 23 SECe'l~'fj~''DR'.::.T, A DISTANCE OF 268.02 FEET; THENCE SOUTH 73 DEGREES 05 MINUTES 00 SECONDS EAST, A DISTANCE OF 191.96 FEET TO A POINT OF CURVATURE OF A NON-TANGENT CURVE, CONCAVE TO THE NORTH, HAVING A RADIUS OF 225.00 FEET AND A RADIAL BEARING OF NORTH 16 DEGREES 55 MINUTES 39 SECONDS EAST; THENCE EASTERLY, ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE OF 21 DEGREES 19 MINUTES 00 SECONDS, A DISTANCE OF 83.71 FEET TO A POINT OF NON-TANGENCY; THENCE SOUTH 04 DEGREES 23 MINUTES 56 SECONDS EAST, A DISTANCE OF 316.95 FEET; THENCE SOUTH 84 DEGREES 19 MINUTES 52 SECONDS EAST, A DISTANCE OF 82.43 FEET; THENCE SOUTH 73 DEGREES 50 MINUTES 04 SECONDS EAST, A DlSTANCE OF 180.00 FEET; THENCE SOUTH 64 DEGREES 30 MINUTES 00 SECONDS EAST, A DISTANCE OF 245.00 FEET; THENCE SOUTH 52 DEGREES 58 MINUTES 37 SECONDS EAST, A DISTANCE OF 601.07 FEET; THENCE NORTH 76 DEGREES 10 MINUTES 00 SECONDS EAST, A DISTANCE OF 202.19 FEET; THENCE NORTH 86 DEGREES 28 MINUTES 59 SECONDS EAST, A DISTANCE OF 185.07 FEET; THENCE SOUTH 85 DEGREES 24 MINUTES 43 SECONDS EAST, A DISTANCE OF 153.05 FEET; THENCE SOUTH 68 DEGREES 18 MINUTES 34 SECONDS EAST, A DISTANCE OF 94.81 FEET; THENCE NORTH 51 DEGREES 34 MINUTES 02 SECONDS EAST, A DISTANCE OF 139.72 FEET; Page 2 of4 11:\PRO.I\8294002\Dwg\Svy\1 ;aglcs Ncst\DO< :s\OVI;Ri\1.1. 1.< ll .. doc 20020624617 THENCE SOUTH 43 DEGREES 05 MINUTES 00 SECONDS EAST, A DISTANCE OF 71.26 FEET TO A POINT OF CURVATURE OF A TANGENT CURVE CONCAVE TO TilE NORTHEAST, HAVING A RADIUS OF 442.00 FEET; THENCE SOUTHEASTERLY ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE OF 03 DEGREES 16 MINUTES 34 SECONDS, A DISTANCE OF 25.27 FEET TO A POINT OF NON-TANGENCY; THENCE SOUTH 43 DEGREES 41 MINUTES 32 SECONDS WEST, A DISTANCE OF 79.61 FEET TO THE POINT OF CURVATURE OF A TANGENT CURVE CONCAVE TO THE NORTHWEST, HAVING A RADIUS OF 520.00 FEET; THENCE SOUTHWESTERLY ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE OF 07 DEGREES 53 MINUTES 41 SECONDS, A DISTANCE OF 71.65 FEET TO A POINT OF NON-TANGENCY; THENCE SOUTH 72 DEGREES 31 MINUTES 35 SECONDS WEST, A DISTANCE OF 237.85 FEET; THENCE NORTH 82 DEGREES 11 MINUTES 43 SECONDS WEST, A DISTANCE OF 263.93 FEET; THENCE SOUTH 76 DEGREES 20 MINUTES 55 SECONDS WEST, A DISTANCE OF 208.84 FEET; THENCE SOUTH 00 DEGREES 33 MINUTES 49 SECONDS WEST, A DISTANCE OF 964.84 FEET; THENCE WEST, A DISTANCE OF 1280.19 FEET; THENCE NORTH 50 DEGREES 14 MINUTES 47 SECONDS WEST, A DISTANCE or 432.54 FEET; THENCE SOUTH 89 DEGREES 59 MINUTES 35 SECONDS WEST, A DISTANCE OF 2018.35 FEET; THENCE NORTH 39 DEGREES 20 MINUTES 53 SECONDS WEST, A DISTANCE OF 185.58 FEET; Unofficial Document THENCE NORTH 29 DEGREES 28 MINUTES 32 SECONDS EAST, A DISTANCE OF 185.35 FEET; THENCE NORTH 48 DEGREES 45 MINUTES 10 SECONDS WEST, A DISTANCE OF 283.04 FEET; THENCE NORTH 37 DEGREES 27 MINUTES 36 SECONDS WEST, A DISTANCE OF 446.45 FEET; THENCE NORTH 09 DEGREES 51 MINUTES 13 SECONDS EAST, A DlSTANCE OF 138.70 FEET; THENCE NORTH 07 DEGREES 18 MINUTES 31 SECONDS WEST, A DISTANCE OF 243.51 FEET; THENCE NORTH 65 DEGREES 10 MINUTES 04 SECONDS WEST, A DISTANCE OF 198.11 FEET; THENCE NORTH 30 DEGREES 20 MINUTES 42 SECONDS WEST, A DISTANCE OF 299.51 FEET; THENCE NORTH 19 DEGREES 53 MINUTES 42 SECONDS EAST, A DISTANCE OF 273.06 FEET; THENCE NORTH 45 DEGREES 00 MINUTES 15 SECONDS WEST, A DISTANCE OF 295.22 FEET; THENCE NORTH 50 DEGREES 04 MINUTES 44 SECONDS WEST, A DISTANCE OF 101.71 FEET; THENCE NORTH 55 DEGREES 58 MINUTES 47 SECONDS WEST, A DISTANCE OF 273.07 FEET; THENCE NORTH 26 DEGREES 25 MINUTES 05 SECONDS EAST, A DISTANCE OF 262.57 FEET; THENCE NORTH 65 DEGREES 55 MINUTES 34 SECONDS WEST, A DISTANCE OF 407.89 FEET; THENCE NORTH 27 DEGREES 51 MINUTES 40 SECONDS WEST, A DISTANCE OF 551.17 FEET; Page 3 of 4 II:\PROJIH2'!4002\Dwg\Svyll'agles Ncst\I)OC'S\OVI ;Ri\1 J, 1.< il .. doc 20020624617 THENCE NORTH 56 DEGREES 31 MINUTES 50 SECONDS WEST, A DISTANCE OF 614.98 FEET; THENCE NORTH 13 DEGREES 01 MINUTES 04 SECONDS EAST, A DISTANCE OF 319.64 FEET; THENCE NORTH 37 DEGREES 39 MINUTES 29 SECONDS WEST, A DISTANCE OF 127.05 FEET; THENCE NORTH 63 DEGREES 16 MINUTES 29 SECONDS WEST, A DISTANCE OF 533.75 FEET; THENCE NORTH 43 DEGREES 31 MINUTES 37 SECONDS WEST, A DISTANCE OF 296.11 FEET; THENCE NORTH 40 DEGREES 01 MINUTES 13 SECONDS EAST, A DISTANCE OF 386.14 FEET; THENCE NORTH 33 DEGREES 11 MINUTES 35 SECONDS WEST, A DISTANCE OF 457.90 FEET TO THE POINT O'F BEGINNING. EXCEPTING THEREFROM ASSESSOR'S PARCEL NUMBER 176-21-4718 AS DESCRIBED IN DEED TO CHAPARRAL CITY WATER COMPANY PER DOCKET 12489, PAGE 877, M.C.R. THE ABOVE DESCRIBED PARCEL CONTAINS 21,101,569 SQUARE FEET OR 484.42 ACRES MORE OR LESS. Unofficial Document Page 4 of4 II:\PRO.I\X204002\Dwg\Svy\l!agles Nest\!)(JCS\OYI'IUII.I I lil .. do~ ''I, ''''•• 2112643.24 32 EXHIBIT B-2 TO FINAL SETTLEMENT AGREEMENT AMENDED AND RESTATED MAY 1, 2014 BETWEEN THE TOWN OF FOUNTAIN HILLS AND MCO PROPERTIES INC. [Map – Eagles Nest Property] See following pages. 2112643.24 33 EXHIBIT C TO FINAL SETTLEMENT AGREEMENT AMENDED AND RESTATED MAY 1, 2014 BETWEEN THE TOWN OF FOUNTAIN HILLS AND MCO PROPERTIES INC. [New Town Lot] See following pages. 2112643.24 34 EXHIBIT D TO FINAL SETTLEMENT AGREEMENT AMENDED AND RESTATED MAY 1, 2014 BETWEEN THE TOWN OF FOUNTAIN HILLS AND MCO PROPERTIES INC. [Quitclaim Deed] See following pages. 2160460.2 WHEN RECORDED RETURN TO: Town Clerk Town of Fountain Hills 16705 E. Avenue of the Fountains Fountain Hills, Arizona 85268 EXEMPT FROM AFFIDAVIT OF PROPERTY VALUE PURSUANT TO ARIZ. REV. STAT. § 11-1134(A)(3). QUITCLAIM This Quitclaim dated ______________2014, is between MCO Properties, Inc., a Delaware corporation (“Grantor”), and Town of Fountain Hills, Arizona, an Arizona municipal corporation (“Grantee”). Pratt Properties, Inc., a Delaware corporation (“Pratt”), conveyed to the Fountain Hills Community Association the real property described on Exhibit “A” to this Quitclaim (the “Property”), by a Warranty Deed dated December 13, 1979, recorded in the office of the Maricopa County Recorder in docket 14123, pages 1143 to 1146 (the “Deed”). Pursuant to the Deed, Pratt imposed certain deed restrictions and reserved certain rights pertaining to the permitted use of the Property, including without limitation, certain reversionary rights (the “Restrictions and Rights”). The Deed provided that upon the incorporation of Fountain Hills as a municipality, the Property would become vested in Grantee, which vesting was reflected by the Warranty Deed dated March 16, 1990, recorded in the office of the Maricopa County Recorder on April 26, 1990, document No. 90-185664, between the Grantee and the Fountain Hills Community Association. By Certificate of Amendment dated December 14, 1979, Pratt changed its name to MCO Properties, Inc. For valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Grantor hereby REMISES, RELEASES AND QUITCLAIMS to Grantee all of Grantor’s rights in the Restrictions and Rights. [SIGNATURES ON FOLLOWING PAGES] 2160460.2 2 “GRANTOR” MCO Properties, Inc., a Delaware corporation By: Name: As Its: (ACKNOWLEDGMENT) STATE OF ARIZONA ) ) ss. COUNTY OF MARICOPA ) On ________________________, 2014, before me personally appeared _____________ ________________________________, the ______________________of MCO PROPERTIES, INC., a Delaware corporation, whose identity was proven to me on the basis of satisfactory evidence to be the person who he/she claims to be, and acknowledged that he/she signed the above document on behalf of the corporation. Notary Public (Affix notary seal here) 2160460.2 3 ACCEPTED BY: “GRANTEE” TOWN OF FOUNTAIN HILLS, an Arizona municipal corporation ___________________________________ Kenneth W. Buchanan, Town Manager ATTEST: ___________________________________ Bevelyn J. Bender, Town Clerk (ACKNOWLEDGMENT) STATE OF ARIZONA ) ) ss. COUNTY OF MARICOPA ) On ___________________, 2014, before me personally appeared Kenneth W. Buchanan, the Town Manager of the TOWN OF FOUNTAIN HILLS, an Arizona municipal corporation, whose identity was proven to me on the basis of satisfactory evidence to be the person who he claims to be, and acknowledged that he signed the above document, on behalf of the Town of Fountain Hills. Notary Public (Affix notary seal here) 2160460.2 EXHIBIT A TO QUITCLAIM BETWEEN MCO PROPERTIES, INC. AND TOWN OF FOUNTAIN HILLS [Legal Description] See following page(s). LEGAL DESCRIPTION COMMUNITY THEATER PROPERTY Fountain Hills Arizona, Final Plat No. 302, Block 5, Lots 1 and 2, as recorded on December 14, 1972 in Book 156, Page 45 of the records of Maricopa County Arizona, and situated in the northeast quarter of Section 23, Township 3 North, Range 6 East of the Gila and Salt River Base and Meridian, Maricopa County, Arizona. 2112643.24 35 EXHIBIT E TO FINAL SETTLEMENT AGREEMENT AMENDED AND RESTATED MAY 1, 2014 BETWEEN THE TOWN OF FOUNTAIN HILLS AND MCO PROPERTIES INC. [Trailhead Site Plan] See following pages. CONCRETE RIBBON CURB- EXPOSED AGGREGATE FLUSH WITH PAVEMENT (TYP.)-SEE CIVIL PLANS COLORED CONCRETE PAVEMENT ,...__ ON STEEP SLOPE FROM ENTRY TO PARKING AREA-SEE CiVIL PLANS DEDiCATED PARKS DISTURBANCE AREA ----~ ......... o..../ EASEMENT & HILLSIDE PROTECTION EASEMENT LIMIT-ABSOLUTELY NO DiSTURBANCE BEYOND THIS LIMIT NATIVE HYDROSEED MIX & DESERT PAVEMENT LIMITS (TYP.) CONCRETE HEADWALL- SEE CIVIL PLANS (TYP) PLACED NATiVE ROCK EMBANKMENT ------ (TYP.)-SEE CIVIL PLANS AUTOMATIC EXiT SW!NC GATE -------;------, W/ EXIT LOOP SENSO!' G/\TE STOP POST (OPEN POSITION) GABiON BASKET RETAINING ---A. WALLS-SEE CIVIL PLANS ENTRY SIGNAGE ON -----.. GABION BASKET ASPHALT PAVEMENT ----.. CUL-DE-SAC BY MCO- PROTECT IN PLACE BEGIN PROJECT CONTROL,_,,... __ LiNE AT STA. 1 0+00.00 i ; ENTRY GATE & SIGN LIGHTING- SEE ELECTRICAL PLANS Ncrete PAVEMENT SURFACE- SEE CIVIL PLANS SEEDING & DESERT PAVEMENT -~ LIMITS/ ESTIMATED DISTURBANCE LIMITS LINE RIPRAP PROTECTION- SEE CIVIL PLANS (TYP.) • • • • • • • • • • • • • • • • • • • • • • • SEE CIVIL PLANS BUS AND EMERGENCY VEHICLE STAGING PARKING AREA CONCRETE HEADER GABION BASKET BENCH WITH CONCRETE CAP TRASH RECEPTACLE '' /I ....---t?S/-::__-------EXISTING DIRT FIRE _ ROAD TO REMAIN ~--FIRE ROAD ACCESS GATE WITH FiRE DEPT. KNOX BOX BICYCLE RACKS (2) INFORMATIO~J KIOSK EXPOSED AGGREGATE CONCRETE BAND-SEE CIVIL PLANS 25'x25' CUSTOM STEEL RAMADA WITH PICNIC TABLES (3 STANDARD & 1 ADA) & TRASH RECEPTACLE (1) ON COLORED CONCRETE PAD-SEE RAMADA STRUCTURAL PLANS, CIVIL PLANS, & DETAILS CISTERN TO COLLECT RAMADA ROOF RUN-OFF RESTROOM BUILDING- IRRIGATION CONTROLLER LOCATED INSIDE RESTROOM CHASE ROOM SEE ARCHITECTURAL PLANS TRASH RECEPTACLE GABION BASKET BENCH WITH CONCRETE CAP ..__ Ncrete PAVEMENT SURFACE- SEE CIVIL PLANS PLACED NATIVE ROCK EMBANKMENT- SEE CIVIL PLANS (TYP.) BOLLJI.RD LIGHTING-SEE ELECTRICAL PLANS (TYP.) TRASH RECEPTACLE '---GABION BASKET BENCH WITH CONCRETE CAP GABION BASKET RETAINING WALLS-SEE CIVIL PLANS '---STORM DRAIN MANHOLE-- SE.E CIVIL PLANS DEDICATED !0 ARKS DISTURBANCE AREA EASEMENT & HILLSIDE PROTECTION EASEMENT LIMIT-ABSOLUTELY NO DISTURBANCE BEYOND THIS LIMIT 8£1i~~---1--------~---Ncrete PAVEMENT WALKING PATH il4 WITH CONCF:ETE HEADER EDGINGS- SEE CIVIL PLANS ~__:;;;.- START OF GABION BASKET .... -~ RETAINING WALLS-SEE CIVIL PLANS DEDICATED PARKS DISTURBANCE AREA EASEMENT & HILLSIDE PROTECTiON EASEMENT LIMIT-ABSOLUTELY NO DISTURBANCE BEYOND THIS LIMIT ""·-----7<:_ _________ , _______ BOL.l.AF<D CENTERED IN TRAIL WITH \ J SURROUNDING LARGE BOULDERS FOR ACCESS CONTROL NOTE: ----- iT IS INTENDED FOR THIS DESIGN PLAN SET TO BE BID .AND CONSTRUCTED IN CONJUNCTION WITH .AND SltviULAT.ANEOUSLY WiTH BOTH THE 'CIVIL PLANS' AND 'PLANT INVENTORY F'L.ANS' DESIGN SETS. CONTRACTOR SHALL OBTAIN .AND BE FAiviiLIAR WITH ALL DESIGN PLAN SETS PRIOR TO CONSTRUCTim--J. LINE-SEE / BELOW LEFT ; i ' / • RIP-RAP DRAINAGE SWALE---' SEE PAVING & GRADING PLAN IN 'CENTRAL TRAILHEAD CIVIL PLANS' MATCH LINE-SEE ABOVE RIGHT GATE OPERATOR KEY SWITCH STATION AND EMERGENCY ACCESS KNOX BOX ON 2" SQ. STEEL POST r-\-j!ll~--1 ~---' o 110' 2o' 40' SCALE: 1"=20' eng1neenng oncl environmental des1qn 't649 E. COTTON Gil~ LOOP, STE. 82 PHOENIX. AZ PHN: (602)438-2221 USA 85040 FAX: (602)438-2:225 www.j2design.u ~----.-,-.--------------­CO!'~Slll.TAN! (S): CUENT: TOWN OF FOUNT/\IN HiLLS PARKS & RECREATI~)N DEPT. FOU~JTA.I'i Hll.LS fOWCJ HALL 16/05 E. A\IE_HUE OF fH[ rOUNT/~INS FOUNT.t\1~-.J HILLS, /\Z .35269 (480) 816,5252 ~~------------~~----PRO,JEC:T: TITLE: --·-I c: ·-co +-' c: ::J 0 u.. z ::s c.. w 1--en ........................ SE.l\.L: sustvn r:;\LS 1 ------.--- NO. ! MM/DD/VY :SSUE 1 112/16/05 4:::>% r;r_v:Ew 2 I 4/14/06 95% REV:EW ~~4--T--~~;;:1~,z?-B~t=2~~%---~8~~-~~~~=- 4 110/2.3/06 ~·!f\lf\L PS&E =+-~ ----~-------.. ---j-----.... ...,, ___ , ____ , ____ _ ' ______ _J.__·-~--------·--···-----·----.. I ------·r----·---' __________ ,. ____ _ -+--~---------·~ .......... _ .. __ _ ---~'------L----........................ DE.SIGNLD GY: SCAlE DATE: f<. WALUN K. WALUN J. ENGELMANN 1 0/23/:J6 ........................ .J2 PROJECT NO.: 04.0039.2 ~------------~------DRAWING NO.: SHEF: 1 ~JO .. FH-1.03 3 OF4:2 2112643.24 36 EXHIBIT F TO FINAL SETTLEMENT AGREEMENT AMENDED AND RESTATED MAY 1, 2014 BETWEEN THE TOWN OF FOUNTAIN HILLS AND MCO PROPERTIES INC. [Emergency/Utility Access] See following pages. 2112643.24 37 EXHIBIT G TO FINAL SETTLEMENT AGREEMENT AMENDED AND RESTATED MAY 1, 2014 BETWEEN THE TOWN OF FOUNTAIN HILLS AND MCO PROPERTIES INC. [Water Tank] See following pages. 2112643.24 38 EXHIBIT H TO FINAL SETTLEMENT AGREEMENT AMENDED AND RESTATED MAY 1, 2014 BETWEEN THE TOWN OF FOUNTAIN HILLS AND MCO PROPERTIES INC. [Roadway Cross Sections] See following pages. 2112643.24 39 EXHIBIT I TO FINAL SETTLEMENT AGREEMENT AMENDED AND RESTATED MAY 1, 2014 BETWEEN THE TOWN OF FOUNTAIN HILLS AND MCO PROPERTIES INC. [New Cut and Fill Waivers] See following pages. PARCEL 4 PARCEL 3 PARCEL 5 PARCEL 6 PARCEL 2 PARCEL 7 PARCEL 1 PARCEL 10 PARCEL 9 PARCEL 8 PARCEL 1 0C E A G L E R I D G E D R I V E R O W EAGLE RIDGE DRIVE ROW 4113.20 Phoenix, Arizona 85004 1426 North 2nd Street, Suite 100 Fax 602-396-5701 Office 602-396-5700 www.LD-Team.com LEGEND CUT AREAS OVER 10' DEEP OUTSIDE OF ROADWAY CUT AREAS OVER 10' DEEP WITHIN ROADWAY FILL AREAS OVER 10' DEEP OUTSIDE OF ROADWAY FILL AREAS OVER 10' DEEP WITHIN ROADWAY SCALE: 1"= 0 300 600 900 300'Cut & Fill Exhibit 2112643.24 40 EXHIBIT J TO FINAL SETTLEMENT AGREEMENT AMENDED AND RESTATED MAY 1, 2014 BETWEEN THE TOWN OF FOUNTAIN HILLS AND MCO PROPERTIES INC. [Form of Hillside Protection Easement] See following pages. When recorded, please return to: Town of Fountain Hills P. 0. Box 17958 Fountain Hills, AZ 85269 Attn: Community Development CAPTION HEADING: I I I I I I I I Maricopa County Recorder Stamp goes here. GRANT OF HILLSIDE PROTECTION EASEMENT {HPE200_-_} {NAME OF GRANTING PARTY} With Exhibits This is part of the official document. Copies Routed To: D Administration D Engineering D Community Development D Parks & Recreation D Magistrate Court D Marshals Department When Recorded Return To: Community Development Director Town of Fountain Hills P.O. Box 17958 Fountain Hills, AZ 85269 GRANT OF EASEMENT { Jack and Jane Doe } grantor, for good and valuable consideration, hereby grants to the Town of Fountain Hills, Arizona, grantee, a municipal corporation, its successors and assigns, a perpetual easement upon, across, over and under all those areas on { Map I Block I Lot } as legally described in Exhibit "A" and as graphically depicted in Exhibit "B", as "Hillside Protection Easement" for the purpose of preserving the natural topography and vegetation of land area. The owner or any of his heirs, successors, or assigns shall not perform nor allow to be performed, any construction; or cutting, filling, grading to the topography; nor any grubbing, brushing, removal, or otherwise damage any vegetation, rock outcropping, or other natural feature in the Hillside Protection Easement area without prior Town Council approval. A trail way may be a permitted use if approved by the Town Council. Grantor covenants that grantor is lawfully seized and possessed of this aforementioned tract or parcel of land; that grantor has good and lawful right to sell and convey it; and that grantor will warrant the title and quiet possession thereto against the claim of any person whatsoever. Dated this ___ day of __________ , 200_. By: & ___________ _ {Jack Doe} { Jane Doe } STATE OF ARIZONA ) ) § County of Maricopa ) SUBSCRIBED AND SWORN TO BE before me this __ day of _____ , 200_ by ______________ _ Notary Public My Commission Expires: LOT_ HILLSIDE PROTECTION EASEMENT LEGAL DESCRIPTION Lot_ of as recorded in Book __ of JllleiPS: County, Arizona and is more particularly described Commencing at the Southeast Corner of. this Hillside Protection Easement· ee; 0 feet; S 27.85 feet; Then S 48" W 47.80 feet; Then 39°46'58" W 51.26 feet; Thence S 89°47'52" W 49.16 feet; Thence N 53°50'59" W 31.19feet; Thence N 18°09'24" W 43.48 feet; Thence N 26°48'25" E 66.55 feet; Thence N 09°37'07" E 49.51 feet; Thence N 19°20'45" E 67.97 feet; Thence N 51 °40'22" E 39.02 feet; Thence N 76°04'35" E 46.53 feet; Signed & Dated Engineer I Surveyor Stamp Exhibit A ginning of Thence along an arc curving to the left with a central angle of 06°59'26", radius of 295.00 feet, and an arc length of 35.99 feet; Thence along an arc curving to the left with a central angle of 98°55' 15", radius of 20.00 feet, and an arc length of 34.53 feet; Thence along an arc curving to the left with a central angle of 01°24'40", radius of 730.00 feet, and an arc length of 17.98 feet; Thence S 39°45'36" W 113.73 feet; Thence along an arc curving to the right with a central angle of 07°40'19", radius of 200.00 feet, and an arc length of 26.78 feet; Thence S 09°58'37" W 245.45 feet; Thence N 79°49'26" E 262.00 feet to the True Point of Beginning. Containing 44,355 Square Feet of land more or less. LINE# L1 L2 L3 L4 L5 L6 L7 L8 Exhibit B LOT_ HillSIDE PROTECTION EASEMENT EXHIBIT BEARING S30"16 45'W S79"14'31'W S11"14'04"W S28'14'45"E S10"44'17"E S1 0"40'48"W S39"46'58"W S89"47'52"W 0=01"24'40" R=730.00 L=17.98' CURVE# DELTA C1 06"59'26' DISTANCE LINE# BEARING 7.84'" L9 N53"50 59'W 50.68' L10 N18"09'24''W 46.12' L11 N26"48'25"E .74.80' L12 N09"37'07"E 27.85' L13 N19'20'45"E 47.80' L14 N51" 40'22"E 51.26' L15 N76"04' 35"E 49.16' RADIUS 295.00 DISTANCE 31.19 43.48' 66.55' 49.51' 67.97' 39.02' 46.53' LENGTH 35.99' r J I 0=22"11'39" R=270.00 L=104.59' I \ P.O.B. Signed & Dated Engineer I Surveyor Stamp