OWNERSHIP AND MAINTENANCE WHAT SIZE ARE THE RESIDENCES? Lionsback resort will feature two- and three-bedroom single family homes known as “Casitas” ranging in size from roughly 1,600 livable square feet for the Strata Casita, 2,100 livable square feet for the Mesa Casita, and up to 3,000 livable square feet for the Spire Casita. WHAT AMENITIES ARE OFFERED AT LIONSBACK RESORT? Lionsback Resort is surrounded by some of the most incredible natural amenities that could never be replicated by man. The 9,000 acre Sand Flats Recreation Area is directly adjacent to Lionsback which offers world class mountain biking, hiking and four-wheeling. In addition to the biking and hiking trails that will be developed on the resort site, certain Club amenities, including, without limitation, the Club pool, are anticipated to be constructed along with the second phase of Casitas and will be available to Casita Club Members and certain guests (see “The LB Club” section below). WHO IS THE DEVELOPER OF THE PROJECT? The developer of Phase 1 of the Lionsback Resort is LB Moab Owner Phase 1, LLC who is solely responsible for the development of Phase 1 of the project. Invent Development Partners manages and oversees the development process. The principals of Invent Development Partners have over 60 collective years of resort and urban development from coast-to-coast.
IS THERE A DUE DILIGENCE PERIOD AND WHEN DOES MY EARNEST MONEY BECOME NON-REFUNDABLE? Yes, a Buyer has 10 business days to review the Due Diligence Package. The Buyer may terminate their REPC in writing and receive their 5% Earnest Money back during this 10 business day period. If the Buyer does not terminate the REPC, prior to the end of the Due Diligence Period, the 5% Earnest Money becomes non-refundable and the Buyer is obligated to close on the Casita in accordance with the terms and conditions of the REPC. Buyer will need to make their interior finishes selection (Dune or Arroyo) during the Due Diligence Period. MAY I DO CONSTRUCTION INSPECTIONS? Per the REPC, access to the property while under construction is not permitted in order to maintain a safe construction environment and minimize disruptions. On occasion, the Developer may be able to provide the Buyer with a site tour at its sole discretion. The Buyer will have 15 days to complete an inspection upon receiving the Notice of Closing. DOES THE PURCHASE PRICE INCLUDE FURNISHINGS? The purchase price does not include furnishings. Buyer may purchase a complete furniture and housewares package, both designed by River + Lime as further discussed above. It should be noted that the CC&R’s require an owner to purchase the River + Lime furniture and housewares package in order to rent their unit on a short-term basis. This requirement is in place to control and ensure the quality and consistency expected of a high-end resort. WHAT IS THE PROCESS FOR PURCHASING MY FURNISHINGS AND HOUSEWARES PACKAGE? The buyer will contract directly with River + Lime for a furniture and housewares package. The River + Lime furniture and housewares package along with the draft purchase agreement, price range, and process will be provided with the initial sales package. Please refer to the River + Lime documents for additional details.
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DEVELOPER Our vast knowledge in all aspects of the real estate development process, coupled with our attention to detail at every turn, provides the valuable edge you need to succeed in today’s highly technical and competitive marketplace.
IS MY CASITA A SINGLE-FAMILY RESIDENCE, DUPLEX OR TOWNHOUSE?
While some of the Casitas have zero lot lines and will have a flashing connecting two homes, each Casita is considered a single-family residence. Each Casita has been designed and built as an independent structure. inventdp.com
MAY I FINANCE THE PURCHASE OF MY CASITA? Yes, however the Real Estate Purchase Contract does not provide for a financing contingency. Buyers do not have termination rights should they be unable to secure financing.
ARCHITECT HKS creates experiential destinations that touch the soul of every guest. Our global team takes an inclusive, forward-thinking approach to create bespoke designs for our clients, their guests and communities. Curiosity, creativity and intelligence are the hallmarks of our design teams who balance beauty and performance in each environment they create.
WHAT UTILITY SERVICES ARE AVAILABLE TO MY CASITA? Water and sewer are provided by the City of Moab, electric service is provided by Rocky Mountain Power and telecom services (internet, cable and telephone) are provided by Emery Telcom. Owners will contract directly with the respective service providers for these utilities.
WHEN CAN I CLOSE ON MY CASITA? Buyers will receive a Notice of Closing from Seller. Closing shall occur within 21 calendar days of the delivery of the Notice of Closing. Closing will be coordinated through First American Title Insurance Company. Buyers will be provided with final recorded governing documents and a final title commitment. Prior to closing, Buyers will have an opportunity to schedule a walk-through of their Casita to identify any punch-list items that need to be corrected or completed. The developer will have a designated representative to assist buyers with making sure these items are corrected or completed.
DO I NEED TO CARRY HOMEOWNER’S INSURANCE ON MY CASITA? Yes, the POA will not carry any insurance to cover your Casita or any of your personal property. hksinc.com
INTERIORS Our approach is simple. We create uncomplicated, authentic interiors that complement the natural environment.
WHERE DO I DISPOSE OF TRASH? Curbside trash services will be provided by the City of Moab who will provide trash and recycling bins for each Casita. Owners will contract directly with the City for this service. riverandlime.com
DOES MY CASITA COME WITH A WARRANTY? A 1 year limited builders warranty will be provided.
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