DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR CROSSINGS AT HIGH LINE CANAL

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1 DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR CROSSINGS AT HIGH LINE CANAL

2 DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR CROSSINGS AT HIGH LINE CANAL THIS DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR CROSSINGS AT HIGH LINE CANAL ( Declaration ) is made as of the day of April, 2018 ( Effective Date ), by HARRISON OAKS NORTH LLC, a Colorado limited liability company ( North ), HARRISON OAKS SOUTH LLC, a Colorado limited liability company ( South ), ROBERT C. KAUFMAN, an individual ( Kaufman ), JOHN F. FORHAN, an individual ( Forhan ), and KEITH L. NEALE, an individual ( Neale ) (Kaufman, Forhan and Neale being sometimes hereinafter referred to collectively as the Individuals ). ARTICLE 1. GENERAL 1.1 Planned Community. North is the owner of certain Lots located in the City of Greenwood Village, County of Arapahoe, State of Colorado, more particularly described as Parcel 1 on Exhibit A attached hereto and by this reference incorporated herein (the North Lots ). South is the owner of certain Lots located in the City of Greenwood Village, County of Arapahoe, State of Colorado, more particularly described as Parcel 2 on Exhibit A hereto (the South Lots ). The Individuals collectively are the owners of a certain Lot located in the City of Greenwood Village, County of Arapahoe, State of Colorado, more particularly described as Parcel 3 on Exhibit A hereto (the Individual Lot ), and North holds an option to purchase the Individual Lot from the Individuals. The North Lots, the South Lots, and the Individual Lot collectively constitute all of the property subject to the Plat, and are collectively defined and referred to in this Declaration as the Community Area. North and South intend to develop the Community Area as a high quality, planned community of single family residential homes and related uses. The name of the community to be developed on the Community Area is Crossings at High Line Canal. All of the Community Area is located within the Harrison Oaks Metropolitan District, a quasi-municipal corporation and political subdivision of the State of Colorado ( HOMD ), and the Community Area is the only land located within HOMD. Because ownership of a Lot does not obligate the owner to pay for real estate taxes, insurance premiums, maintenance, or improvement of other real estate described in this Declaration, the Community Area is not and will not be a common interest community, as defined in the Colorado Common Interest Ownership Act ( Act ), and therefore the Community Area and this Declaration are not subject to or required to comply with the Act. North, South and the Individuals hereby confirm their intention and agreement that the Act will not apply to the Community Area or this Declaration. 1.2 Purposes of Declaration. This Declaration is executed (a) to further a common and general plan for the development of the Community Area; (b) to protect and enhance the quality, value, aesthetics, desirability and attractiveness of the Community Area; (c) to provide for and define certain duties, powers and rights of the Design Review Committee, as defined herein; (d) to define certain duties, powers and rights of HOMD under this Declaration; and (e) to define certain duties, powers and rights of Owners of Lots within the Community Area. 2

3 1.3 Declaration. North, South and the Individuals, for themselves, their successors and assigns, hereby declare that the Community Area shall be owned, held, transferred, conveyed, sold, leased, rented, hypothecated, encumbered, used, occupied, maintained, altered and improved subject to the covenants, conditions, restrictions, limitations, reservations, exceptions, equitable servitudes and other provisions set forth in this Declaration. The provisions of this Declaration are intended to and shall run with the land and, until their expiration in accordance with the terms hereof, shall bind, be a charge upon and inure to the mutual benefit of: (a) the Community Area; (b) North, South, the Individuals, and their successors and assigns; (c) HOMD and its successors and assigns; and (d) all Persons having or acquiring any right, title or interest in the Community Area or any Improvement thereon, and their heirs, personal representatives, successors or assigns. This Declaration shall be Recorded in the real property records of Arapahoe County, Colorado. ARTICLE 2. DEFINITIONS Unless otherwise expressly provided herein, the following words and phrases when used in this Declaration shall have the meanings hereinafter specified. 2.1 City. City shall mean the City of Greenwood Village, Colorado. 2.2 Community Area. Community Area shall mean the real property more particularly described as Parcel 1, Parcel 2, and Parcel 3, collectively, on Exhibit A attached hereto. 2.3 County. County shall mean Arapahoe County, Colorado. 2.4 Declarant. Declarant shall mean North and South, collectively, and any Person or Persons to whom North and South, collectively, assign their rights as Declarant under this Declaration as set forth below. The Individuals shall not constitute part of Declarant. To continue to be a Declarant from and after the date of this Declaration, North and South, collectively, must continue to own the fee simple interest in at least one Lot. To become a successor Declarant, any person or entity (a) must be designated as a Declarant by a prior Declarant in a written assignment by that prior Declarant of some or all of the rights and obligations of such Declarant under this Declaration, and such written assignment must be placed of record in the real property records of the County, and (b) concurrent with its designation as a Declarant, must own or acquire the fee simple interest in at least one Lot. To continue to be a Declarant from and after the date of any assignment described in the immediately preceding sentence, any Declarant must continue to own the fee simple interest in at least one Lot. In the event that any Declarant sells or conveys all of its ownership interests in the Community Area and does not concurrently assign its rights and obligations as Declarant under this Declaration as described above to a person or entity that is qualified to become a Declarant, then from and after the date on which such sale or conveyance is completed, the Declarant rights of such Declarant created by this Declaration shall be of no further force or effect. 2.5 Declaration. Declaration shall mean this instrument as it may be amended or supplemented from time to time.

4 2.6 Deed of Trust. Deed of Trust shall mean a Mortgage. 2.7 Design Review Committee. Design Review Committee shall mean the committee provided for in Article 4 of this Declaration. 2.8 Design Standards. Design Standards shall mean the standards and/or rules adopted by the Design Review Committee pursuant to Article 4 of this Declaration relating to the procedures, materials to be submitted, fees and additional design criteria and other factors that will be taken into consideration in connection with the approval of any proposed Improvement to the Community Area. 2.9 Existing Improvement. Existing Improvement shall mean any Improvement located within the Community Area the construction or installation of which is complete or substantially complete as of the date on which the portion of the Community Area in which said Improvement is located first becomes subject to this Declaration HOMD. HOMD shall mean the Harrison Oaks Metropolitan District, a Colorado quasi-municipal corporation and political subdivision organized under the laws of the State of Colorado Improvement. Improvement shall mean all structures and improvements located upon or made to a Lot and any appurtenances thereto of every type or kind, including, but not limited to, buildings, outbuildings, swimming pools, patio covers, awnings, painting of any exterior surfaces of any visible structure, additions, walkways, outdoor sculptures or art work, sprinkler pipes, garages, carports, roads, driveways, parking areas, fences, screening walls, retaining walls, stairs, decks, fixtures, landscaping, hedges, windbreaks, plantings, planted trees and shrubs, poles (including flag poles), signs, exterior tanks, solar equipment, exterior air conditioning and water softener fixtures, antennas, satellite dishes and other communications devices and equipment Improvement to Property. Improvement to Property shall mean any change, alteration or addition to any Lot. Improvement to Property is more particularly defined in Article 4 of this Declaration Lease. Lease shall mean and refer to any agreement for the leasing or rental of a Lot, or any dwelling unit located thereon, and shall specifically include, without limitation, a month-to-month rental Lot. Lot shall mean a physical portion of the Community Area which is designated for separate ownership or occupancy and the boundaries of which are depicted upon the Plat Mortgage. Mortgage shall mean any mortgage or deed of trust or other such instrument given voluntarily by the Owner of a Lot that encumbers such Lot and Improvements thereon to secure the performance of an obligation or the payment of a debt and which is required to be released upon performance of the obligation or payment of the debt. The term Deed of Trust when used herein shall be synonymous with the term Mortgage.

5 2.16 Mortgagee. Mortgagee shall mean a mortgagee under a Mortgage or a beneficiary under a Deed of Trust, as the case may be, and the assignees of such Mortgagee Mortgagor. Mortgagor shall mean the Person who mortgages his or its property to another (i.e., the maker or grantor of a Mortgage). The term Mortgagor shall include a trustor or grantor under a Deed of Trust Notice of Completion. Notice of Completion shall mean written notice to the Design Review Committee of the completion of any Improvement to Property pursuant to Article 4 of this Declaration Owner. Owner shall mean the Person, including any Declarant, or, if more than one, all Persons collectively, who hold fee simple title to a Lot, including sellers under executory contracts of sale and excluding buyers thereunder Person. Person shall mean a natural person, a corporation, a partnership, a limited liability company, a limited liability partnership, a limited liability limited partnership or any other entity permitted to hold title to real property pursuant to Colorado law Plat. Plat shall mean, collectively, any and all final plats that (a) affect any portion of the Community Area, (b) are approved by the City, and (c) are recorded in the office of the Clerk and Recorder of the County as of or at any time after the date of this Declaration. The Plat does or will depict the Community Area or portions thereof and further does or will depict and locate thereon the Lots. The Plat, and the terms and provisions thereof, are hereby incorporated herein by reference. The term Plat shall also include all amendments thereto. As of the Effective Date, the Plat consists of the Final Plat of Harrison Oaks Subdivision, Arapahoe County, Colorado, Recorded on December 6, 2016 at Reception No. D of the real property records of Arapahoe County, Colorado Record or Recorded. Record or Recorded shall mean the filing for record of any document in the office of the Clerk and Recorder of the County. ARTICLE 3. GENERAL RESTRICTIONS APPLICABLE TO COMMUNITY AREA All real property within the Community Area shall be held, used and enjoyed subject to the following limitations and restrictions and subject to the rights and reservations of Declarant set forth in this Declaration. The strict application of the following limitations and restrictions in any specific case may be modified or waived in whole or in part by the Design Review Committee or HOMD if such strict application would be unreasonably or unduly harsh under the circumstances. Any such modification or waiver must be in writing or must occur pursuant to express written guidelines or rules promulgated by the Design Review Committee or HOMD. 3.1 Maintenance of Community Area. No property within the Community Area shall be permitted to fall into disrepair and all property within the Community Area, including any Improvements, shall be kept and maintained in a clean, attractive and sightly condition. The maintenance, repair and upkeep of each Lot, and the Improvements located thereon, shall be the

6 responsibility of the Owner of that Lot, except that HOMD shall be responsible the maintenance of certain Improvements constructed and/or located on portions of certain Lots, as set forth on the Plat. Violation of this provision by an Owner shall permit the Design Review Committee or HOMD to enter upon the Lot of such Owner to cure such violation or otherwise cause compliance with this provision; provided, however, that there shall be no entry into the interior of an Improvement intended for human occupancy without the consent of the Owner thereof unless a clear emergency exists. The Design Review Committee and HOMD shall have the right, but not the obligation, to adopt and issue maintenance standards and requirements to implement the provisions of this Section. 3.2 Property Uses. All Lots shall be used for private residential purposes, including uses accessory to a private residence. No dwelling unit erected or maintained within the Community Area shall be used or occupied for any purpose other than for a single-family residence. Notwithstanding the foregoing, activities associated with the construction of improvements on Lots and the sale of Lots or residences constructed thereon shall be allowed as set forth herein. In addition, in-home businesses not involving the servicing of customers or employees and other businesses shall be allowed, provided such activities do not create or result in (a) any unreasonable, unwarranted or unlawful use or interference with public rights or facilities including, but not limited to, streets, rights-of-way or sidewalks, or communications facilities or signals, or (b) any other offensive or noxious activities. 3.3 Construction Type. All construction shall be new. No building previously used at another location nor any building or structure originally constructed as a mobile dwelling or structure may be moved onto a Lot, except as expressly hereinafter provided for temporary buildings. 3.4 No Noxious or Offensive Activity. No noxious or offensive activity shall be carried on upon any property within the Community Area, nor shall anything be done or placed thereon which is or may become a nuisance or cause an unreasonable disturbance or annoyance to others. 3.5 Annoying Sounds or Odors. No sound or odor shall be emitted from any property within the Community Area that is noxious or unreasonably offensive to others. Without limiting the generality of the foregoing, no exterior speakers, horns, whistles, bells or other sound devices, other than security devices used exclusively for security purposes, shall be located or used on any property except with the prior written approval of the Design Review Committee or HOMD. 3.6 No Hazardous Activities. No activity shall be conducted on, and no Improvement shall be constructed on, any property within the Community Area that is or might be unsafe or hazardous to any Person or property. Without limiting the generality of the foregoing, no firearms shall be discharged upon any property within the Community Area and no open fires shall be lighted or permitted on any property within the Community Area except in a contained barbecue unit while attended and in use for cooking purposes or within an interior or exterior fireplace designed to prevent the dispersal of burning embers.

7 3.7 No Unsightliness. All unsightly conditions, structures, facilities, equipment, objects and conditions shall be enclosed within a structure, including snow removal equipment and garden or maintenance equipment, except when in actual use. 3.8 Restrictions on Garbage and Trash. No refuse, garbage, trash, lumber, grass, shrub, tree clippings, plant waste, compost, metal, bulk materials, scrap, refuse or debris of any kind shall be kept, stored or allowed to accumulate on any Lot except within an enclosed structure, except that any container containing such materials may be placed outside at such times as may be necessary to permit garbage or trash pick-up provided that such containers are covered with appropriate lids. 3.9 Animals. No animals, livestock or poultry of any kind shall be raised, bred or kept on any Lot except as allowed under the Design Standards. All household pets shall be controlled by their Owner and shall not be allowed off the Owner s Lot except when properly leashed and accompanied by the pet Owner or such Owner s representative. Each Owner of a household pet shall be financially responsible and liable for any damage caused by said household pet. The Design Review Committee shall adopt and issue, as part of the Design Standards, standards and requirements regarding the keeping, boarding and maintenance of animals in the Community Area. Such standards and requirements shall not allow the keeping, boarding and maintenance of any animals that are not allowed to be kept, boarded or maintained under the municipal code of the City. In addition, such standards and requirements, in the sole discretion of the Design Review Committee, may restrict or prohibit the keeping, boarding and maintenance of animals that are allowed to be kept, boarded and maintained under the municipal code of the City No Temporary Structures. No tent, shack, temporary structure or temporary building shall be placed upon any property within the Community Area except with the prior written consent of the Design Review Committee Restriction on Antennae, Pipes, Utility Lines and Transmitters. Pipes for water, gas, sewer, drainage or other purposes, all wires, poles, aerials, antennae, satellite dishes and other facilities for the transmission or reception of audio or visual signals or electricity, and all utility meters or other utility facilities shall be kept and maintained, to the extent reasonably possible, underground or within an enclosed structure. No exterior radio antenna, television or other antenna, or satellite dish of any type shall be erected or maintained within the Community Area except as may be approved by the Design Review Committee. With the approval of the Design Review Committee, a master antenna or cable television antenna may, but need not, be provided for use of all Owners or a group of Owners, and Declarant may grant easements for such purposes. No electronic or radio transmitters of any kind other than garage door openers, cordless telephones and/or other wireless telecommunications equipment customarily used in single family residences shall be operated in or on any structure or within any Lot Restrictions on Signs and Advertising. No sign, poster, billboard, advertising device or display of any kind shall be erected or maintained anywhere within the Community Area so as to be evident to public view except signs as may be approved in writing by the Design Review Committee. A sign advertising a Lot for sale or for lease may be placed on a Lot;

8 provided, however, that standards relating to dimensions, color, style, graphics and location of such sign shall be determined from time to time by the Design Review Committee Restrictions on Mining or Drilling. No property within the Community Area shall be used for the purpose of mining, quarrying, drilling, boring or exploring for or removing oil, gas or other hydrocarbons, minerals, rocks, stones, gravel, earth or water Maintenance of Drainage. There shall be no interference with the established drainage pattern over any property within the Community Area except as approved in writing by the Design Review Committee or HOMD. Approval shall not be granted unless provision is made for adequate alternate drainage. The established drainage pattern shall mean the drainage pattern that exists at the time the overall grading of any property is completed and shall include any established drainage pattern shown on any plans approved by the Design Review Committee. The established drainage pattern may include the drainage pattern: (a) from any property owned by any third party over any Lot; (b) from any Lot over property owned by any third party; or (c) from any Lot over another Lot Compliance with Laws. Nothing shall be done or kept on any property within the Community Area in violation of any law, ordinance, rule or regulation of any governmental authority having jurisdiction over the Community Area Further Subdivision and Resubdivision of Lots. The Owner of a Lot shall not further subdivide that Lot. The Owner or Owners of a group of Lots (i.e., more than one Lot) may seek to obtain approval from the appropriate governmental entities for a resubdivision of or lot line adjustment for that group of Lots, including a combination of Lots, provided that (a) the proposed resubdivision or lot line adjustment does not increase the number of Lots in that group, and (b) the proposed resubdivision or lot line adjustment is approved in writing by the Design Review Committee Restoration in the Event of Damage or Destruction. In the event of damage to or destruction of any Improvement on any Lot, the Owner thereof shall cause the damaged or destroyed Improvement to be restored or replaced to its original condition or such other condition as may be approved in writing by the Design Review Committee, or the Owner shall cause the damaged or destroyed Improvement to be demolished and the Lot to be suitably landscaped, subject to the approval of the Design Review Committee, so as to present a pleasing and attractive appearance. In either case, within sixty (60) days following the damage or destruction, the Owner shall submit plans for the restoration or replacement work or the demolition and landscaping work to the Design Review Committee for review, and, following approval of those plans by the Design Review Committee and within the time period specified by the Design Review Committee in its approval, the Owner shall complete the restoration or replacement work or the demolition and landscaping work pursuant to the approved plans Storage. No building materials shall be stored on any Lot except temporarily during continuous construction of an Improvement. In addition, subject to Section 3.8 above, no other materials or items of any kind shall be stored on any Lot except within an enclosed structure the plans for which have been approved by the Design Review Committee.

9 3.19 Vehicle Repairs. No maintenance, servicing, repair, dismantling or repainting of any type of vehicle, boat, machine or device may be carried on within the Community Area except within a completely enclosed structure that screens the sight and sound of such activity from the street and from other Lots Storage of Gasoline and Explosives, Etc. No Lot shall be used for the storage of explosives, gasoline or other volatile and/or incendiary materials or devices. Gasoline or fuel for an Owner s lawn mower, snow blower and the like may be maintained on an incidental basis within an enclosed structure on the Lot in an amount not to exceed five (5) gallons Trailers, Campers and Junk Vehicles. No boat, camper (on or off supporting vehicles), trailer, tractor, truck, industrial or commercial vehicle (cab or trailer), towed trailer unit, motorcycle, disabled, junk or abandoned vehicle, motor home, mobile home, recreational vehicle, or any other vehicle, the primary purpose of which is recreational, sporting or commercial use, shall be parked or stored in, on or about any Lot within the Community Area except within a garage or enclosed structure. For purposes of this covenant, a 3/4 ton or smaller vehicle commonly known as a pickup truck shall not be deemed a commercial vehicle or truck. The Design Review Committee and HOMD shall have the right to enter an Owner s Lot to remove and store, at such Owner s expense, vehicles in violation of this Section. An Owner shall be entitled to fourteen (14) days written notice prior to such action by the Design Review Committee or HOMD Fences. No fences shall be constructed or maintained on any Lot except as allowed under the Design Standards. The Design Review Committee shall adopt and issue, as part of the Design Standards, standards and requirements regarding the construction and maintenance of fences in the Community Area. Such standards and requirements shall not allow the construction and maintenance of any fence that is not allowed to be constructed and maintained under the municipal code of the City. In addition, such standards and requirements, in the sole discretion of the Design Review Committee, may restrict or prohibit the construction and maintenance of fences that are allowed to be constructed and maintained under the municipal code of the City. This Section shall apply to fences of all types, including but not limited to privacy fences, security fences, fences for dog runs, and fences for screening purposes, provided that nothing in this Declaration shall require the Design Review Committee, in the Design Standards, to permit the construction and maintenance of any specific type of fence or any fences at all. Notwithstanding the foregoing, Declarant shall have the right, but not the obligation, to construct certain entryways, fences, fence pillars or walls within the Community Area, as approved by the Design Review Committee. Without the prior written approval of the Design Review Committee, no Owner shall modify, repair, replace, paint or otherwise alter any fence that has been constructed in accordance with the Design Standards and pursuant to the approval of the Design Review Committee Air Conditioning and Heating Equipment. No heating, air conditioning or refrigeration equipment shall be placed, allowed or maintained anywhere other than on the ground; provided, however, that solar units meeting all governmental guidelines for residential uses may be located on the roof if (a) such solar unit is built into and made an integral part of the roof flashing or the structure of any house constructed on any Lot; and (b) such solar unit is specifically approved by the Design Review Committee in accordance with Article 4 below.

10 3.24 Owner s Right to Lease Lot. Each Owner of a Lot shall have the right to lease that Owner s Lot provided that: (a) all Leases shall be in writing; (b) all Leases shall be for a Lot with a completed residence thereon; and (c) all Leases shall provide that the terms of the Lease and the lessee s occupancy of the Lot shall be subject to this Declaration and that any failure by the lessee to comply with this Declaration in any respect shall be a default under such Lease City Land Use Restrictions and Criteria. All restrictions on and criteria for land use in the Community Area set forth in the municipal code of the City are specifically incorporated herein by this reference and shall constitute restrictions and criteria enforceable pursuant to this Declaration, provided that nothing in this Section or elsewhere in this Declaration shall preclude this Declaration or the Design Standards from establishing and enforcing restrictions on and criteria for land use in the Community Area that are more restrictive than the restrictions and criteria set forth in the municipal code of the City Landscape Maintenance. The Design Review Committee shall have the right to adopt, as part of the Design Standards, requirements for maintenance of all landscaped and open space areas throughout the Community Area. These requirements may include, but are not necessarily limited to, standards for weed control and mowing of lawns Storage of Vehicles. Other than short-term guests or agents of Owner whose vehicles may be parked outside for no more than 72 hours, no more than two (2) vehicles shall be regularly kept on any Lot in any area other than in the garage areas. Each residence constructed on a Lot shall have a minimum of two (2) garage spaces with doors and a maximum of four (4) garage doors visible from the entrance to the Lot. Garage doors shall remain closed when not in use for ingress or egress of said vehicles or the occupants of said Lot Wood Storage. No Owner shall store more than two (2) face cords of wood on any Lot unless stored in an approved, enclosed structure on the Lot Minimum Residence Size. Any primary residence constructed on any Lot shall contain a minimum of 3,500 finished square feet on the main (ground floor) level, regardless of whether the residence is with or without basement and regardless of how many floors are included in the residence. This square footage requirement shall be exclusive of any finished areas in basements (including walk-out basements), open porches, pergolas, attached garages, and accessory buildings Sight Triangles of Intersections. No hedge, shrub, or other planting or Improvement shall obstruct sight lines at elevations between three (3) feet and eight (8) feet above the street on any corner Lot within the triangular area formed by the street property lines and a line connecting them at points thirty (30) feet from the intersection of said street lines, or if the property corners are rounded, from the intersection of the street property lines as extended. Notwithstanding the foregoing and subject to the approval of the Design Review Committee, a monument style street sign shall be allowed within such triangular area up to a maximum height of four (4) feet. No tree shall be permitted to remain within such distances of such intersections unless the foliage line is maintained at sufficient height to prevent obstruction of lines of visibility.

11 3.31 Mailboxes. All mailboxes shall be of the type approved by the Design Review Committee and the United States Postal Service. ARTICLE 4. DESIGN APPROVAL 4.1 Approval of Improvements Required. The approval of the Design Review Committee shall be required for any Improvement to Property except: (a) for any Existing Improvement; (b) where approval is not reasonably required to carry out the purposes of this Declaration; and (c) where prior approval of Improvements to Property may be waived or certain Improvements to Property may be exempted in writing or under written guidelines or rules promulgated by the Design Review Committee. In addition, the provisions of Article 5 herein shall govern the extent and nature of the approval process for certain Improvements to Property made by Declarant. Any Existing Improvement shall be deemed to be in compliance with this Declaration as of the date on which that Existing Improvement first becomes subject hereto regardless of whether that Existing Improvement otherwise would comply with the provisions hereof. 4.2 Improvement to Property Defined. Improvement to Property requiring approval of the Design Review Committee shall mean and include, without limitation: (a) the construction, installation, erection or expansion of any building, structure or other Improvement, including utility facilities and, if permitted in the Design Standards, fences; (b) the removal, demolition or destruction, by voluntary action, of any building, structure, landscaping, trees or other Improvement; (c) the addition of any landscape features including, but not limited to, trees, bushes, shrubs or sod; (d) the grading, excavation, filling or similar disturbance to the surface of the land including, without limitation, change of grade, change of ground level, change of drainage pattern or change of stream bed; and (e) any change or alteration of any previously approved Improvement to Property including any change of exterior appearance, color or texture. 4.3 Membership of Design Review Committee. The Design Review Committee shall consist of the number and classes of members as determined from time to time by the entity that has the appointment power for the majority of the members of the Design Review Committee as described hereinafter, but in no event less than three (3) regular members. All members of the Design Review Committee shall be appointed by Declarant, and Declarant shall have the right to assign this power of appointment, as to one or more members of the Design Review Committee, and for a specific period of time or indefinitely. From and after the earlier of (a) the date on which there is deemed to be no Declarant under this Declaration and (b) the date on which all Lots within the Community Area have been conveyed to and/or are owned by Persons other than a Declarant and a certificate of occupancy has been issued for the residence constructed on each of those Lots, all members of the Design Review Committee shall be appointed by HOMD. Any member of the Design Review Committee may be removed at any time by the entity that appointed that member (the Appointing Entity ), and each member shall serve for a term as may be designated by the Appointing Entity or until resignation or removal by the Appointing Entity.

12 4.4 Address of Design Review Committee. The address of the Design Review Committee shall be as designated by the Design Review Committee from time to time. 4.5 Submission of Plans. Prior to commencement of work to accomplish any proposed Improvement to Property, the Person proposing to make such Improvement to Property (the Applicant ) shall submit to the Design Review Committee at its offices such description, surveys, plot plans, drainage plans, elevation drawings, construction plans, specifications and samples of materials and colors as the Design Review Committee shall request showing the nature, kind, shape, height, width, color, materials and location of the proposed Improvement to Property. The Applicant shall be entitled to receive a receipt for the same from the Design Review Committee or its authorized agent. The Design Review Committee may require submission of additional plans, specifications or other information prior to approving or disapproving the proposed Improvement to Property. Until receipt by the Design Review Committee of all required materials in connection with the proposed Improvement to Property, the Design Review Committee may postpone review of any materials submitted for approval. 4.6 Criteria for Approval. The Design Review Committee shall approve any proposed Improvement to Property only if it deems in its reasonable discretion that: (a) the Improvement to Property in the location indicated will not be detrimental to the appearance of the surrounding areas of the Community Area as a whole; (b) the appearance of the proposed Improvement to Property will be in harmony with the surrounding areas of the Community Area; (c) the Improvement to Property will not detract from the beauty, wholesomeness and attractiveness of the Community Area or the enjoyment thereof by Owners; (d) the upkeep and maintenance of the proposed Improvement to Property does not affect the drainage plan for the Community Area or any portion thereof; and (e) the Improvement to Property is consistent with the design and land use standards and criteria set forth in this Declaration and the Design Standards. The Design Review Committee may condition its approval of plans for any proposed Improvement to Property upon the making of such changes therein as the Design Review Committee may deem appropriate. 4.7 Design Standards. The Design Review Committee shall issue the Design Standards, which are standards and/or rules relating to the procedures, materials to be submitted, fees and additional design criteria and other factors that will be taken into consideration in connection with the approval of any proposed Improvement to Property. The Design Standards may specify circumstances under which the strict application of limitations or restrictions under this Declaration will be waived or deemed waived in whole or in part because strict application of such limitations or restrictions would be unreasonable or unduly harsh under the circumstances. The Design Standards may waive the requirement for approval of certain Improvements to Property or exempt certain Improvements to Property from the requirement for approval, if such approval is not reasonably required to carry out the purposes of this Declaration. 4.8 Design Review Fees. The Design Review Committee may, through the Design Standards or otherwise, provide for the payment of fees to accompany each request for approval of any proposed Improvement to Property. The Design Review Committee may provide that the amount of such fees shall be uniform for similar types of proposed Improvements to Property or

13 that the fees shall be determined in any other reasonable manner including the estimated cost of the proposed Improvement to Property. 4.9 Decision of Design Review Committee. Subject to the provisions of Section 4.10 below, any decision of the Design Review Committee shall be made within thirty (30) calendar days after the date of receipt by the Design Review Committee of all materials required by the Design Review Committee (a Receipt Date ), unless such time period is extended by mutual agreement. The decision shall be in writing and if the decision is not to approve a proposed Improvement to Property, the reasons therefor shall be stated. The decision of the Design Review Committee shall be promptly transmitted to the Applicant at the address furnished by the Applicant to the Design Review Committee Failure of Design Review Committee to Act on Plans. If, within thirty (30) calendar days following a Receipt Date (an Initial Decision Outdate ), the Design Review Committee has not rendered a decision and informed the applicant of that decision in writing, then at any time following the Initial Decision Outdate, the applicant shall have the right to request again in writing that the Design Review Committee render its decision (a Follow-Up Request ). If, within ten (10) calendar days following its receipt of a Follow-Up Request, the Design Review Committee still has not rendered a decision on the request and informed the applicant of that decision in writing, then the application shall be deemed approved. Notwithstanding the foregoing, any request for approval by a Declarant to the Design Review Committee under Article 5 herein shall be deemed approved unless disapproval in writing is transmitted to such Declarant by the Design Review Committee within thirty (30) calendar days after the date of receipt by the Design Review Committee of all required materials. Under no circumstances will any failure by the Design Review Committee to act on any request be deemed to be an approval of that request by the Design Review Committee except as expressly set forth in this Section Prosecution of Work After Approval. After approval of any proposed Improvement to Property, the proposed Improvement to Property shall be accomplished as promptly and diligently as possible and in complete conformity with: (a) the description of the proposed Improvement to Property; (b) any materials submitted to the Design Review Committee in connection with the proposed Improvement to Property; and (c) any conditions imposed by the Design Review Committee. Failure to complete the proposed Improvement to Property within the time period specified in writing by the Design Review Committee, which in the case of construction of a single family residence shall not be less than twelve (12) months, or to complete the proposed Improvement to Property in accordance with the description and materials furnished to, and the conditions imposed by, the Design Review Committee, shall constitute noncompliance with the requirements for approval of Improvements to Property Notice of Completion. Upon completion of the Improvement to Property, the Applicant may give written Notice of Completion to the Design Review Committee. Until the date of receipt of such Notice of Completion, the Design Review Committee shall not be deemed to have notice of completion of such Improvement to Property Inspection of Work. The Design Review Committee or its duly authorized representative shall have the right to inspect any Improvement to Property prior to or after

14 completion; provided that the right of inspection shall terminate thirty (30) days after the Design Review Committee shall have received a Notice of Completion from the Applicant Notice of Noncompliance. If, as a result of inspections or otherwise, the Design Review Committee finds that any Improvement to Property has been constructed, installed or performed without obtaining the approval of the Design Review Committee or has not been constructed, installed or performed in complete conformity with the description and materials furnished to, and any conditions imposed by, the Design Review Committee, the Design Review Committee shall notify the Applicant in writing of the noncompliance. The notice shall specify the particulars of the noncompliance and shall require the Applicant to take such action as may be necessary to remedy the noncompliance Failure of Design Review Committee to Act After Completion. If, for any reason other than the Applicant s act or neglect, the Design Review Committee fails to notify the Applicant of any noncompliance within thirty days (30) days after receipt by the Design Review Committee of written Notice of Completion from the Applicant, the Improvement to Property shall be deemed to be in compliance if the Improvement to Property was, in fact, completed as of the date of Notice of Completion Challenges to Findings of Non-Compliance. If the Design Review Committee gives any notice of noncompliance, the Applicant may challenge that finding by giving written notice of such challenge to the Design Review Committee within thirty (30) days after receipt of the notice of noncompliance by the Applicant. The Design Review Committee then shall provide a reasonable opportunity for the Applicant to be heard on the issue and within ten (10) days after that hearing, shall render a final decision on the matter Correction of Noncompliance. If, after any hearing of the type described in Section 4.16 above, the Design Review Committee confirms its initial determination that noncompliance exists, the Applicant shall remedy or remove the same within a period of not more than fourteen (14) days from the date of receipt by the Applicant of the ruling of the Design Review Committee or such longer period as the Design Review Committee may prescribe. If the Applicant does not comply with the Design Review Committee ruling, either the Design Review Committee or HOMD may, at its option, record a notice of noncompliance against the real property on which the noncompliance exists, may enter upon such property and remove the noncomplying Improvement to Property, or may otherwise remedy the noncompliance, and the Applicant shall reimburse the Design Review Committee and/or HOMD, upon demand, for all costs and expenses incurred by the Design Review Committee and/or HOMD in connection therewith including, but not limited to, attorney s fees. The right of the Design Review Committee or HOMD to remedy or remove any noncompliance shall be in addition to all other rights and remedies that the Design Review Committee and HOMD may have at law, in equity or under this Declaration. The Applicant and Owner of the Lot shall have no claim for damages or otherwise on account of the entry upon the property and removal of the noncomplying Improvement to Property No Implied Waiver or Estoppel. No action or failure to act by the Design Review Committee or by HOMD shall constitute a waiver or estoppel with respect to future action by the Design Review Committee or HOMD with respect to any Improvement to Property. Except as

15 expressly set forth in this Declaration, the approval of the Design Review Committee of any Improvement to Property shall not be deemed a waiver of any right to withhold approval for any similar Improvement to Property or any similar proposals, plans, specifications or other materials submitted with respect to any other Improvement to Property Design Review Committee Power to Grant Variances. The Design Review Committee may authorize variances from compliance with (a) any provision of this Declaration the administration, implementation and/or enforcement of which is the responsibility of the Design Review Committee hereunder, or (b) the Design Standards, including restrictions upon height, size, floor area or placement of structures or similar restrictions, when circumstances such as topography, natural obstructions, hardship, aesthetic or environmental considerations may require. Such variances must be evidenced in writing and shall become effective only after signature by at least a majority of the members of the Design Review Committee. If any such variance is granted, no violation of the provisions of this Declaration shall be deemed to have occurred with respect to the matter for which the variance was granted; provided, however, that the granting of a variance shall not operate to waive any of the provisions of this Declaration for any purpose except as to the particular property and particular provision hereof covered by the variance, nor shall the granting of a variance affect in any way the Owner s obligation to comply with all governmental laws and regulations affecting the property concerned, including, but not limited to, zoning ordinances and setback lines or requirements imposed by any governmental authority having jurisdiction Meetings of Design Review Committee. The Design Review Committee shall meet from time to time as necessary to perform its duties hereunder. The Design Review Committee may from time to time, by resolution in writing adopted by a majority of the members, designate a Design Review Committee Representative (who may but need not be one of its members) to take any action or perform any duties for or on behalf of the Design Review Committee, except the granting of approval to any Improvement to Property and the granting of variances. The action of such Design Review Committee Representative within the authority of such Design Review Committee Representative or the written consent or the vote of a majority of the members of the Design Review Committee shall constitute the action of the Design Review Committee Records of Actions. The Design Review Committee shall keep a permanent record of all final actions of the Design Review Committee Estoppel Certificates. The Design Review Committee shall, upon the reasonable request of any interested Person, furnish a certificate with respect to the approval or disapproval of any Improvement to Property or with respect to whether any Improvement to Property was made in compliance herewith. Any Person, without actual notice to the contrary, shall be entitled to rely on said certificate with respect to all matters set forth therein Non-Liability With Respect to Design Review Committee Action. There shall be no liability imposed on the Design Review Committee, any member of the Design Review Committee, any Design Review Committee Representative, HOMD, or Declarant for any loss, damage, cost, expense or injury arising out of or in any way connected with the performance of the duties of the Design Review Committee unless due to the willful misconduct of the party to

16 be held liable. In reviewing any matter, the Design Review Committee shall not be responsible for reviewing, nor shall its approval of an Improvement to Property be deemed approval of, the Improvement to Property from the standpoint of safety, whether structural or otherwise, or conformance with building codes or other governmental laws or regulations. Furthermore, review and approval of any Improvement to Property by the Design Review Committee shall not constitute or be deemed to be a representation or assurance by the Design Review Committee that any portion of the Improvement to Property designed to be functional actually will function as intended Construction Period Exception. During the course of actual construction of any permitted structure or Improvement to Property, and provided construction is proceeding with due diligence, the Design Review Committee shall temporarily suspend the provisions contained in this Declaration as to the property upon which the construction is taking place to the extent necessary to permit such construction, provided that during the course of any such construction, nothing occurs that will result in a violation of any of the provisions of this Declaration upon completion of construction and nothing occurs that will constitute a nuisance or unreasonable interference with the use and enjoyment of other property within the Community Area. The Design Review Committee shall have the right, but not the obligation, to adopt and issue specific construction period standards and requirements to implement the provisions of this Declaration Compensation of Design Review Committee Members. The members of the Design Review Committee may receive reasonable compensation for the performance of their duties hereunder together with reimbursement for expenses incurred by them in the performance of their duties. ARTICLE 5. DECLARANT S RIGHTS AND RESERVATIONS 5.1 Period of Declarant s Rights and Reservations. Declarant shall have, retain and reserve certain rights as hereinafter set forth in this Article 5 from the date hereof until Declarant has sold and conveyed all Lots within the Community Area to Persons other than a Declarant and a certificate of occupancy has been issued for a residence constructed on each of those Lots. The rights and reservations hereinafter set forth shall be deemed excepted and reserved in each deed or other instrument by which any property within the Community Area is conveyed by a Declarant, except as the same may be expressly assigned in a writing recorded in the real property records of the County. The rights, reservations and easements hereinafter set forth shall be prior and superior to any other provisions of this Declaration and may not, without an affected Declarant s prior written consent, be modified, amended, rescinded or affected by any amendment of this Declaration. The consent by an affected Declarant to any such amendment shall not be construed as consent to any other subsequent amendment. Declarant reserves the right to exercise the rights reserved by Declarant herein with respect to all or any portion of the Community Area owned by Declarant, and with respect to different portions of the Community Area at different times, and otherwise in such time frames and in such a manner as Declarant deems fit in its sole and absolute discretion. Declarant makes no assurances that Declarant will exercise the rights reserved by Declarant herein with respect to all or any portion of the Community Area or, if Declarant does exercise those rights with respect to portions of the Community Area at different times, that such exercise will occur in any particular order or sequence.

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