Thanks to both of you. I now understand that I cannot edit the contour lines and will have to add elevation splines manually to get the profile/slope that I want. It would a great feature if they added a maximum slope to the terrain dialog, since most municipalities do not allow slopes over 3:1 for grading.
If your interested, I have attached the gpx files that I imported. Import the "perimeter" one as terrain perimeter and then the other as elevation data. For some reason, contour lines don't show up until you try to look at in 3D. The reason I used import to try to get the most realist view of the property and what the grading that would be needed.
Thanks again
Upper_Lot_GPS_perimeter.gpx
Upper_Lot_GPS.gpx