EXHIBIT 10.8B
SECOND AMENDMENT TO SUBDIVISION AGREEMENT
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THIS SECOND AMENDMENT TO SUBDIVISION AGREEMENT is made this _____ day of
______________, 1999, by and between the CITY OF BLACK HAWK, COLORADO (the
"City") and ISLE OF CAPRI BLACK HAWK, LLC (the "Developer").
RECITALS:
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A. The City and the Developer entered into a Subdivision Agreement on
February 20, 1998 to secure the construction of certain public improvements for
the benefit of Isle of Capri, Black Hawk Subdivision Filing No. 1 (the
"Agreement").
B. The City and the Developer entered a First Amendment to the Agreement
on November 18, 1998, to allow the Developer to receive a temporary certificate
of occupancy prior to the completion of certain public improvements described in
paragraph 3 of the Agreement, specifically the Mill Street Bridge, the traffic
signal at Mill and Main Streets, the traffic signal at Xxxx Xxxxxx xxx Xxxxx
Xxxxxxx, Xxxx Xxxxxx paving, and certain utilities (the "First Amendment"),
subject to the Developer's compliance with the terms and conditions contained in
the First Amendment.
C. The City and the Developer have determined that the design issues
necessary to address the impacts of the gaming, hotel and other commercial uses
of the Property to the Xxxx Xxxxxx Xxxxxx, Xxxx Xxxxxx and State Highway 119,
cannot be fully addressed before the opening of the hotel use on the Property,
and the City and Developer desire to enter into this Second Amendment to
described the Developer's obligation to address these impacts in the future.
D. The City and the Developer also desire to describe the additional public
improvements and related dedication that must be made prior to the issuance of a
temporary certificate of occupancy for the hotel portion of the Property.
AGREEMENT:
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NOW, THEREFORE, for and in consideration of the mutual promises and
covenants contained herein, the sufficiency of which is mutually acknowledged,
the parties hereto agree as follows:
Section 1. Xxxxxxxxx 0x. of the Agreement is amended to provide as
follows:
a. The Developer shall participate in the cost of the public
improvements that are necessary to address the impacts
created by the Property to Main Street which includes, but
is not limited to the extension of Main Street to State
Highway 119 ("Main Street"), and State Highway 119, as
determined by the City and the
Colorado Department of Highways ("CDOT"). The scope of these
public improvements as well as the costs attributable to the
Developer for its proportionate share of these public
improvements shall be determined by the City and CDOT (the
"Costs"). The Costs that are attributable to the Developer
shall be determined based on an equitable apportionment of
the entire cost of these public improvement to all benefited
properties in the manner reasonably determined by the City.
The Developer shall pay such Costs to the City or other
public entity as determined by the City within ninety (90)
days of written request by the City; or in the alternative,
the Developer may participate in a financing district that
is acceptable to the City and the Developer pursuant to a
separate agreement between the City and the Developer. Upon
payment of such Costs, the City shall issue the Developer
the final certificate of occupancy for those uses of the
Property that have received a temporary certificate of
occupancy. In the event the Developer fails to pay the City
or other public entity designated by the City the cost of
the public improvements described herein or participate in a
financing district acceptable to the City and the Developer
as provided herein, the Developer acknowledges and agrees
that the City may certify such Costs as a tax or charge
pursuant to C.R.S. (S) 00-00-000, as amended, to be
collected and paid over to the City by Xxxxxx County
Treasurer in the same manner as property taxes.
Section 2. Paragraph 3 of the Agreement is amended by the addition of a
new subsection e. to provide as follows:
e. As part of the consideration of the Development Incentive
Agreement between the City and the Developer that was
entered into contemporaneously with this Second Amendment,
the Developer shall, prior to the issuance of a temporary
certificate of occupancy for the hotel portion of the
Property, convey to the City the real property described in
EXHIBIT E, which is attached hereto and incorporated by this
reference, by special warranty deed, free and clear of all
liens and encumbrances, except permitted exceptions as
reasonably determined by the parties hereto. Additionally,
prior to the issuance of such temporary certificate of
occupancy, the Developer shall complete the public
improvements that are described in EXHIBIT F, which is
attached hereto and incorporated by this reference.
Section 3. Paragraphs 6 and 11 of the Agreement are hereby amended by
replacing Exhibit C as it appears in the Agreement, with EXHIBIT C-1, which is
attached hereto and incorporated by this reference.
Section 4. Except as specifically amended and modified herein, all other
provisions of the Subdivision Agreement and the First Amendment hereto shall
remain in full force and effect.
WHEREFORE, the parties hereto have executed this Second Amendment to
Subdivision Agreement on the day and year first above-written.
CITY OF BLACK HAWK, COLORADO
By: _______________________________
Xxxxxxx X. Xxxxxx, Mayor
ATTEST:
___________________________________
Xxxxxxx X. Xxxxx, City Clerk
APPROVED AS TO FORM:
___________________________________
Xxxxx X. Xxxxxxx, City Attorney
ISLE OF CAPRI BLACK HAWK, LLC
By: ______________________________
STATE OF _____________________
) ss.
COUNTY OF _________________ )
The foregoing instrument was subscribed, sworn to, and acknowledged before
me this _____ day of _______________, 1999, by _______________________ as the
________________ of Isle of Capri Black Hawk, LLC.
My commission expires: __________________________
(S E A L)
______________________________
Notary Public
