Loading...
HomeMy WebLinkAboutcoa.lu.ec.1590 Silverking Dr.0052.2010 THE CITY OF ASPEN City of Aspen Community Development Department CASE NUMBER 0052.2010.ASLU PARCEL ID NUMBER 2735 0204 1008 PROJECTS ADDRESS 1590 SILVERKING DR PLANNER SARA ADAMS CASE DESCRIPTION SUBDIVISION EXCEMPTION REPRESENTATIVE CHRIS SANDERS DATE OF FINAL ACTION 10.22.10 CLOSED BY ANGELA SCOREY ON: 12.03.10 lueri2SL 75C-024010c g 0752- 2010 • (�(� - -- 1[ 6 1E31 — File Edit Record Navigata Form Reports Format Tab Help 1 ..0)C • M y Aitumpl : I AI c Routing Status Fees Fee Sumrary *inactions lAttadmorlhs I dstorY I IArdlrEriq ICustom Fields Sub Permits Parcels c • permit type aslu Aspen Lana Use D052 .2010.ASLU .. Address 1590 SILVERH!NG DR Apt • $_ cty ASPEN State 0 Its 81611 F Permit Information - -- fl Master permit Rogtirg queue aslu07 Applied 9/200010 • Project Status penang I Approved 0 • Description SUBDIVISION EXEMPTION Issued Final Submitted CHRIS SANDERS 925 6300 Clock Running Days 01 Excites 91150011 Submitted via Owner Last name HIRSCH MICHAEL R & MAR' First name 1593 SILVERHWG DR ASPEN CO 81611 Phone () - Address Applicant ❑ On 4 applicant? ❑ Contractor is applicant? Last name HERMAN 8 HOWARD, LLC Fist name 201 N MILL ST 201 Phone (970) 925 -6300 Cust * 28737 Address ASPEN CO 81611 Lender 0 Last came First name Phone ( ) - Address • - - - Displays the perms lender ok( s address A 1 an s_ j111111 1 t# 1 C- 2.2-0110Z I r \ T I A A S n A v - )3 S • oD 4 \90\ . .. _________-_ • ..,......„.....„,_ ._ _.......... ow/A t. Sloei ,„„..., A) % t :c. :1: ' ' '''''• .: 7 "','",, i ' :6W , A [ 1 • ' ":" !: 4 " , " .: ' . % r! , viy;y: il 1A A ‘' ' 3 -' ,;•:: , WI - d 7 .0'. Rr,„: .cr' ':,I. 4 :1 .);))• , , ,e--, ii-itip F•F ‘, :: I ; : ':''' Iti f- .' ' 713- . I. Li. f."“: : • , 11 t Y : 4 . „,, „ .. V5M+,1 r, ,, 4,, :5q; " "" -' I rr i i ' Yr: „, .,:: ' 1 ! i'■ gl ori ■ 1 [ C : , .1: ' ' . ,,:' ger t. 1 , J i , : ", : ,-‘ l , ? 1: 1 ,-: „ 4 ,, (Fcr,:c.ryp. 44' (:, . 2./ [4 .: 4 1, 0' ,' • (.• 4 . • FKt-t , 7 „ (A i A '•/: .:7!",i,.,,:.4 .., t e ,;, ,,F, , p , , , R,C:. ; , , - . ' R. git.:. - 7, .1 r. ( ) :, ! i r ::' 4 ' i , : ;":4 1 ,. ' 4 • ;( / (41 ' ''' ' '' 1 ' 'i ' , , ,::11.(L‘,4:•' 0 1 FFr :. , ..7: ' A:• :,- A f , 1•;:,..17,. , 4 ,';' ? :14 . ; ) 0; ; .,: n 5 , ;.4.:•.?“ • I KLi .1 , '1/44 ,■-: :CI ; ; ; . , - ,5 , t t i • (4) :) ' 'A ,1 ' W. '.;' g i ', ', : 1 0 ' ,:?) r; : ,?,/ ; E y th) - t = Lil , '4 IT 4 h ! ) !Pli ... t '•:: ' 1 [le '. I , [ : IT: ' 1 . " r,` 1 : ; ! 7 *;!-i 1 'C'. ,:,. t r T . , , , • A 1, , 4 II ' 1 ,', : ' , ■ , , : c , W 8 ! I I , ... ) vO , 0 , itl n ' (8 0 q 0 ' 0 d/: 0 Z . C? - .. r-1 u _ Fr. r r1 --- _ --__ ' r , (8, , 0 ., c i ...._ ril iri n, Eli •,( , --- 0 IAA') 0 7 ) , n 7-1; , 1 ,'.• •. ri / ri ; k r 0 0 ; , „ , , / r ;' •.• / /IV / % , r, -•''---,.... , ' • , - • ( ' 0 rii of r • y R - et 1 r'r f ,., : l „ [I, 0 , , 0 FL; I ■ r* 1 0 1 1 /.. , ' / c ) , > E 1 P-' 4 ' r,) , F, ,1 / '''' /C 1/ ' , ,/ l A ‹ X CO VO r A 1 :AA ",.. . , / / ( ) : • i 7 / / 41 - i , . it": - /' i t 2 ,' 0 / „ ' ' / ---, / i / , 7 , , r , ; ,t / • 4 , I 1'4: \ :", •" if/ Z Lz . •• . „ (.) N.1 :( Pi ' ; • , it , .°4 .. / / a. / / 4 ,-..„. hi --. ,/ 1 /E / , . 4. ■ A '4 ---„_. ■`•ri A 1; i / .....V , ■,1 1 0 0 ' : 9 t JA : „ / ' Z 0 / / A „ En 's ' 'y i. / I 0 / / / / , r) , . ::,„ ., . ,. „.„ 4 li 7 ,..., _., z , w g -i w,g , / , / k . ( Vr , (4 z • , : , ”, , , • , . „ / , gry / , 0 2 n:;, L. ( (((•••1,r: , / / ' 9 /. , RECEPTION #: 573823, 09/23/2Q10 at 04:16:14 PM, 1 OF 2, R$16.00 Janice K. Vos Caudill, Pi( .n County, CO • Fit EL''Pt r; - ;;; `'1y r:OUPT i"" i"23 1.7 DISTRICT COURT, PITKIN COUNTY, COLORADO COLORADO 506 E. Main Street, Suite 300 Aspen, Colorado 81611 (970) 925-7635 PLAINTIFF: INTERIOR WOODWORK INC. v . DEFENDANTS: CORNERSTONE ENTERPRISES, TERRY KINCADE, individually; SILVER KING REALTY PARTNERS, LLC, COMMUNITY BANKS OF COLORADO — ASPEN; SHADOW MOUNTAIN PARTNERS, INC., a Colorado Corporation, CRESCENT ELECTRIC SUPPLY COMPANY and THE PUBLIC TRUSTEE OF PITKIN COUNTY, COLORADO COURT USE ONLY Attorneys for Defendant COMMUNITY BANKS OF COLORADO - ASPEN Case No.: 10CV153 Curtis B. Sanders, #23551 B. Joseph Krabacher, #10240 SHERMAN & HOWARD L.L.C. Div: Ctrm: 201 North Mill Street, Suite 201 Aspen, Colorado 81611 csanders(shermanhoward.com ikrabacherCa,shemnanhoward.com Tel: (970) 925 -6300 Fax: (970)925 -1181 CERTIFICATE OF RELEASE OF LIS PENDENS The undersigned Clerk of the District Court in and for Pitkin County, Colorado does hereby certify as follows: 1. Pursuant to the Order of this Court dated September 20, 2010, Silver King Realty Partners, LLC has delivered to the Court and the Court has received a cash undertaking in the amount of $264,47064. 1 LITIGATION 2804529.1 RECEPTION #: 573823, 09/23/3g10 at 04:16:14 PM, 2 OF 2, Janice K. Vos Caudill, Pit'1 County, CO • 2. Pursuant to the Order of this Court dated September 20, 2010, the Notice of Lis Pendens recorded in the real property records of the Office of the Pitkin County Clerk and Recorder on April 21, 2010 at Reception No. 568751 is discharged and released in full. 3. Said Notice of Lis Pendens affects the real property situate in Pitkin County, Colorado, more particularly described as: Lot 33, West Aspen Subdivision, according to the Plat thereof recorded September 4, 1968 in Plat Book 3 at Page 308, situate in the County of Pitkin, State of Colorado, also known by street number as 1590 and 1592 Silverking Drive, Aspen, Colorado 81611. IN WITNESS WHEREOF, I have hereunto se: kg hand and affixed the seal of this Court at my office at Aspen, Colorado, this2j day of , 2010. CLERK OF THE DISTRICT COURT SEAL By: DI C7)- i /j2JZ e OF puty Clerk r After recording return to: if A • COLC Curtis B. Sanders, Esq. / s ' r • SHERMAN & HOWARD L.L.C. t •• `fi , 201 North Mill Street, Suite 201 1 1 1 40%. , ,.•'� Aspen, Colorado $ 1611 r 1 l A N CQ y -2- LITIGATION12804529.1 RECEPTION #: 573822, 09/23/2010 at 04:16:13 PM, 1 OF 2, R $16.00 Janice K. Vos Caudill, Pi, 'n County, CO ;. ref /n DISTRICT COURT, PITKIN COUNTY, COLORADO COL 0. 506 E. Main Street, Suite 300 0 0 Aspen, Colorado 81611 (970) 925-7635 PLAINTIFF: INTERIOR WOODWORK INC. v. DEFENDANTS: CORNERSTONE ENTERPRISES, TERRY KINCADE, individually; SILVER KING REALTY PARTNERS, LLC, COMMUNITY BANKS OF COLORADO — ASPEN; SHADOW MOUNTAIN PARTNERS, INC., a Colorado Corporation, CRESCENT ELECTRIC SUPPLY COMPANY and THE PUBLIC TRUSTEE OF PITKIN COUNTY, COLORADO COURT USE ONLY Attorneys for Defendant COMMUNITY BANKS OF COLORADO - ASPEN Case No.: 10CV153 Curtis B. Sanders, #23551 B. Joseph Krabacher, #10240 SHERMAN & HOWARD L.L.C. Div: Ctrm: 201 North Mill Street, Suite 201 Aspen, Colorado 81611 csanders@shermanhoward.com ikrabacher(asherrmanhoward.com Tel: (970) 925 -6300 Fax: (970) 925-1181 CERTIFICATE OF RELEASE OF STATEMENT OF MECHANIC'S LIEN The undersigned Clerk of the District Court in and for Pitkin County, Colorado does hereby certify as follows: 1. Pursuant to C.R.S. Section 38 -22 -132 and the Order of this Court dated September 20, 2010, Silver King Realty Partners, LLC has delivered to the Court and the Court has received a cash undertaking in the amount of $264,47064. 2. Pursuant to C.R.S. Section 38 -22 -132 and the Order of this Court dated September 20, 2010, the Statement of Lien recorded in the real property records of the Office of the Pitkin LITIGATION \2804543 RECEPTION #: 573822, 09/23/ at 04:16:13 PM, 2 OF 2, Janice K. Vos Caudill, pit( 1 County, CO eTh T County Clerk and Recorder on February 22, 2010 at Reception No. 567165 and re- recorded on March 15, 2010 is discharged and released in full and the herein described real property has been released from the lien and from any action brought to foreclose such lien. 3. Said Statement of Lien affects the real property situate in Pitkin County, Colorado, more particularly described as: Lot 33, West Aspen Subdivision, according to the Plat thereof recorded September 4, 1968 in Plat Book 3 at Page 308, situate in the County of Pitkin, State of Colorado, also known by street number as 1590 and 1592 Silverking Drive, Aspen, Colorado 81611. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of this Court at my office at Aspen, Colorado, this day of ,87 , 2010. CLERK OF THE DISTRICT COURT SEAL By: . ��; _ / i ' eputy Clerk 4 • • .M - � * C : • After recording return to: 1� N ... •` • Curtis B. Sanders, Esq. �', CO SHERMAN & HOWARD L.L.C. _.. . 201 North Mill Street, Suite 201 Aspen, Colorado 81611 2 LITIGATION12804543.1 RECEPTION #: 574147, 10/07/2010 at 10:20:35 AM, 1 OF 2, R $16.00 Janice K. Vos Caudill, Pi( " County, CO �. Exhibit A to Stipulation to Dismiss Crescent's Fourth Claim for Relief with Prejudice and Notice to Dismiss Crescent's First, Second, and Third Claims for Reliefwitpout Prejudice and Motion for the Clerk of Court to Issue Certificate of Release of Lis Pendens DISTRICT COURT, PITKIN COUNTY, COLORADO 506 E. Main Street, Suite 300 Aspen, Colorado 81611 (970) 925-7635 PLAINTIFF: INTERIOR WOODWORK INC. v. DEFENDANTS: CORNERSTONE ENTERPRISES, TERRY KINCADE, individually; SILVER KING REALTY PARTNERS, LLC, COMMUNITY BANKS OF COLORADO — ASPEN; SHADOW MOUNTAIN PARTNERS, INC.. a Colorado Corporation, CRESCENT ELECTRIC SUPPLY COMPANY and THE PUBLIC TRUSTEE OF PITKIN COUNTY, COLORADO ?COURT USE ONLY? Attorneys for Defendant COMMUNITY BANKS OF COLORADO - ASPEN Case No.: 10CV 153 Curtis B. Sanders, #23551 13. Joseph Krabacher, #10240 SHERMAN & HOWARD L.L.C. Div: Ctrui: 201 North Mill Street, Suite 201 Aspen, Colorado 81611 csanders@shermanhoward.com jkrabacher@shernnanho ward.com Tel: (970) 925 -6300 Fax:(970)925 -1181 CERTIFICATE OF RELEASE OF LIS PENDENS The undersigned clerk of the District Court in and for Pitkin County, Colorado does hereby certify as follows: 1. The Notice of Lis Pendens recorded in the real property records of the Office of the Pitkin County Clerk and Recorder on May 19, 2010 at Reception No. 569528 is discharged and released in full. 4 LITIGATION12800029,1 RECEPTION #: 574147, 10/07/2010 at 10:20:35 AIN, 2 OF 2, Janice K. Vos Caudill, Pit, i County, CO 2. Said Notice of Lis Pendens affects the real property situate in Pitkin County, Colorado, more particularly described as: Lot 33, West Aspen Subdivision, according to the Plat thereof recorded September 4, 1968 in Plat Book 3 at Page 308, situate in the County of Pitkin, State of Colorado, also known by street number as 1590 and 1592 Silverking Drive, Aspen, Colorado 81611. 3. Crescent's Fourth Claim for Relief, which affects such property, was dismissed with prejudice on !'} cf. 24/0 , 2010, by Court Order based upon a Stipulation to Dismiss Crescent's Fourth Claim for Relief with Prejudice, submitted by attorneys for Crescent Electric Supply Company pursuant to C.R.C.P. 41. 4. Crescent's First, Second, and Third Claims for Relief, which affect such property, were dismissed without prejudice on G } , 2010, by Court Order based upon a Notice to Dismiss Crescent's First, Second, and Third Claims for Relief without prejudice, submitted by attorneys for Crescent Electric Supply Company. Pursuant to the Order of this Court, the Notice of Lis Pendens affecting the property described above is hereby discharged and released. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of this Court at my office at Aspen, Colorado, this 3y` day of OC.Tn (. , 2010. CLERK OF THE DISTRICT COURT SEAL By: _C`�roCT�1c �) /// e y er il# .; After recording return to: '^ ; Curtis B. Sanders, Esq. ; • SIIERMAN & HOWARD L.L.C. 201 North Mill Street, Suite 201 `I Aspen, Colorado 81611 i 5 • LITIGATION128000291 • RECEPTION#: 573979, 09/30/2010 at 04:02:41 PM, 1 OF 2, R $16.00 Janice K. Vos Caudill, Pik in County, CO (Release of Lien) Recording Requested by: Crescent Electric Supply Company Upon Recording Return To: Curtis B. Sanders, Esq. SHERMAN & HOWARD L.L.C. 201 North Mill Street, Suite 201 Aspen, Colorado 81611 RELEASE OF LIEN KNOW ALL BY THESE PRESENTS, that Crescent Electric Supply Company, the undersigned lien claimant, filed a Statement of Lien in the Office of the Clerk and Recorder of Pitkin County, Colorado on March 8, 2010 as Reception No. 567456, which Statement of Lien was partially released by Crescent Electric Supply Company's subsequent recording of a Partial Release of Lien o May 18, 2010 in the Office of the Clerk and Recorder of Pitkin County, Colorado as Reception No. 569466 (collectively, the "Statement of Lien "), for the purpose of claiming a lien upon the real property described in said Statement of Lien. The undersigned lien claimant has agreed that the following described property described in such Statement of Lien is to be released from the claim of such Statement of Lien: Lot 8, Lot 33, West Aspen Subdivision, according to the Plat thereof recorded September 4, 1968 in Plat Book 3 at Page 308, situate in the County of Pitkin, State of Colorado (the "Property"). NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned hereby releases the undersigned's claim of lien against said property, and forever discharges said property from said claim. Executed this day of 'WA S& - 010. CRESCENT E ,. CTRIC SUPPLY " • ' 'ANY, a C , lorado corpora. 'on • By: ` r,, of Wt:aatt Richelle Kaiser, District Credit Ma ager -5- Ln 'CATION \2799977.1 RECEPTION #: 573979, 09/30/4L10 at 04:02:41 PM, 2 OF 2, Janice K. Vos Caudill, Pit' - 1 County, CO oonN STATE OF ±Arratic ) COUNTY OF AfitheC ) Subscribed and sworn to before me b I�, �l,QQ { Q,/4,Q , District C - .' Manager for Crescent Electric Supply Company this ay of , 2010. My commission expires: -Vos /a Witnes Y t, hand and 4 :l s -.. _ SilLir li ` % N.. : T lic 7 ""'" A .•••••• . . Y iI .0 d .� / i • r •�+ • 4 111 •....•• -6- I.II'IG A TIOM2799977. I Sara Adams From: Sanders, Curtis [csanders @shermanhoward.com] Sent: Tuesday, October 05, 2010 2:24 PM To: Sara Adams Subject: 1590/1592 silverking plat Sara: Since I don't have a speaking voice today, I decided to send you an email. Assuming that my voice returns tomorrow, I will try to reach you in the morning to discuss this email and see how we can get the Condominium Map finalized this week. 1. Title. Ideally, I would prefer not to change the title of the document to include the words "West Aspen Subdivision ", since this subdivision is more or less defunct, and I don't want the title of the condominium map to become too cumbersome. I also note that other recently approved condominiumizations in the vicinity of this property were not required to include a reference to the "West Aspen Subdivision" in the name of the document (e.g. Condominium Plat for Silver King Place at 1540 and 1530 Silver King Drive, and the Condominium Map of the Lofts at Silver King at 1560 and 1564 Silver King Drive). Since immediately below the title of the Condominium Map there is a reference to Lot 33, West Aspen Subdivision, this should provide sufficient confirmation that the Condominium Map is effecting a condominiumization of Lot 33, West Aspen Subdivision into two condominium units. 2. Government Tie; Basis of Bearings. I will have the surveyor make these two revisions to the draft Condominium Map. 3. Building Tie. I will have the surveyor include a tie to the building. 1( 4. Vicinity Mao. The surveyor had planned to add the vicinity map when he ran a mylar of the condominium map. 5. Title Certificate. The Ownership and Encumbrance Report referenced in the Surveyor's Certificate discloses all of the matters of record affecting the property. This provides the same information as a title commitment, namely a list of all title matters affecting the property. However, a title commitment is a commitment to insure over the property in connection with a sale of property. The property was not under contract to be sold when I prepared the condominiumization application, which is why I provided an ownership and encumbrance report. Given this information, please let me know if I really need to reference a current ownership and encumbrance report AND ALSO reference a title insurance commitment. 6. Plat Note. I won't add the plat note regarding the mechanic's liens and the lis pendens since these three of these items have been resolved, and the last lis pendens will be released in the next few days, before the condominium map is recorded. 7. Owner's Certificate. I prop se revising the Owner's Certificate to read as follows: a.aa Gra+jv 4 KNOW ALL MEN BY THESE PRESENTS THAT SILVER KING REALTY PARTNERS, LLC, A LIMITED LIABILITY COMPANY, BEING THE RECORD OWNER OF CERTAIN REAL PROPERTY SITUATED IN THE COUNTY OF PITKIN, STATE OF COLORADO LEGALLY DESCRIBED AS LOT 33, WEST ASPEN SUBDIVISION, FILING NO. 2 ACCORDING TO THE PLAT THEREOF RECORDED SEPTEMBER 4, 1968 IN PLAT BOOK 3 AT PAGE 308 DOES HEREBY DEDICATE SAID REAL PROPERTY WITH ALL IMPROVEMENTS, APPURTENANCES, AND FACILITIES NOW OR THEREAFTER THEREON TO CONDOMINIUM OWNERSHIP UNDER THE COLORADO COMMON INTEREST OWNERSHIP ACT, C.R.S. 38- 33.3 -101, ET SEQ. AS THE SAME MAY BE AMENDED FROM TIME TO TIME , AND HEREBY IMPOSES UPON ALL THE REAL PROPERTY THE TERMS, CONDITIONS, COVENANTS, RESTRICTIONS, EASEMENTS, RESERVATIONS, USES, LIMITATIONS AND OBLIGATIONS DESCRIBED IN THE CONDOMINIUM DECLARATION OF RED BUTTE TOWNHOMES RECORDED ON THE DAY OF , 2010 AS RECEPTION NO. IN THE OFFICE OF THE CLERK AND RECORDER OF PITKIN COUNTY, COLORADO , AND DECLARANT HEREBY DEDICATES THE REAL PROPERTY DESCRIBED THEREIN FOR SUCH PURPOSES. 8. Driveway. The common driveway constitutes a common element. Under the words "COMMON DRIVE" I will add the words: "(,Common Element) ". l C�,C • 1 9. Trench Drain on South Side of Property. I will check with the project's general contractor to see if an encroachment license was obtained for this trench drain. If not, I can certainly take care of this item, but I would prefer not to have to address it as a condition to approval of the property's condominiumization. 10. Mechanical and Concrete on North Side of Property. The 10' wide utility easement dedicated on the property's northern boundary is for "underground utilities" according to the old West.Aspen Subdivision, Filing No. 2 Plat. The improvements depicted on the Condominium Map in this location are surface improvements, and therefore, the should be no problem with the construction of these improvements in the dedicated underground utility easement -Curt Curtis B. Sanders SHERMAN & HOWARD L.L.C. 201 North Mill Street, Suite 201 Aspen, CO 81611 (970) 925 -6300 ph (970) 925 -1181 fax csanders dnshermanhoward.com www.shermanhoward.com This electronic mail transmission and any attachments contain information belonging to the sender which may be confidential and legally privileged. This information is intended only for the use of the individual or entity to whom this electronic mail transmission was sent as indicated above. If you are not the intended recipient, any disclosure, copying, distribution, or action taken in reliance on the contents of the information contained in this transmission is strictly prohibited. If you have received this transmission in error, please immediately inform me by "reply" email and delete the message. Thank you. This e-mail and any attached documents may contain provisions concerning a federal tax issue or issues. This e-mail and any attached documents are not intended or written to be used, and cannot be used, by any taxpayer for the purpose of avoiding penalties that may be imposed on any taxpayer by the Internal Revenue Service. For information about this statement, contact Sherman & Howard L.L.C. or visit our website at htto://www.shermanhoward.com/PrivacyPolicy/Circular230/ From: Sara Adams [ mailto :Sara.Adams @ci.aspen.co.us] Sent: Monday, October 04, 2010 2:06 PM To: Sanders, Curtis Subject: FW: 1590/1592 silverking plat Hi Curt, attached is the condo plat with Trish's and my comments. Please call me if you have questions. -Sara Sara Adams. Senior Planner. City of Aspen.130 South Galena Street. Aspen CO 81611 tele. 9701429.2778 fax 9701920,5439 www .aspenhistoricpreservation.com From: Tricia Aragon Sent: Monday, October 04, 2010 2:03 PM To: Sara Adams Subject: RE: 1590/1592 silverking plat Sorry, it took longer than usual. Here it is. If you want to print out the comments make sure you use the pull down menu to the right that says comments and markups. Trish Aragon, P.E. 2 . Sara Adams From: Sanders, Curtis [csanders @shermanhoward.com] Sent: Wednesday, October 13, 2010 3:45 PM To: Sara Adams; Tricia Aragon Subject: Revised Red Butte Condominium Map Attachments: 20101013 Revised Draft Condominium Map.PDF Sara and Tricia: For your review and comment, I attach a proposed revised condominium map which is intended to reflect the matters we discussed last week. Tricia, the encroachment license is complete, but I am still waiting on the insurance certificate. If you can review the application before I provide the cert, please let me know and I will drop if off today or tomorrow morning. -Curt Curtis B. Sanders SHERMAN & HOWARD L.L.C. 201 North Mill Street, Suite 201 Aspen, CO 81611 (970) 925 -6300 ph (970) 925 -1181 fax csanders(a shermanhoward.com www.shermanhoward.com This electronic mail transmission and any attachments contain information belonging to the sender which may be confidential and legally privileged. This information is intended only for the use of the individual or entity to whom this electronic mail transmission was sent as indicated above. If you are not the intended recipient, any disclosure, copying, distribution, or action taken in reliance on the contents of the information contained in this transmission is strictly prohibited. If you have received this transmission in error, please immediately inform me by 'reply" email and delete the message. Thank you. This e-mail and any attached documents may contain provisions concerning a federal tax issue or issues. This e-mail and any attached documents are not intended or written to be used, and cannot be used, by any taxpayer for the purpose of avoiding penalties that may be imposed on any taxpayer by the Internal Revenue Service. For information about this statement, contact Sherman & Howard L.L.C. or visit our website at http://www.shermanhoward.com/PrivacyPolicv/Circular230/ 1 C _.. _ _.._ _______. r , • ( , _ ,. ..l.. ..., . ,.... _ ,... 1 1,1 d Ks* .... 611 i'LtgEt i To.! 1 1 ' • '' ti, Z ` f e: !RIMS!" i rFi si. ki9i i 1 1 d . 'el g a ,. 1 ,. c. c ; 1 1 . ;. Z r .`"- ; L6 ' I : 20 1 ? iiiil itt 6 -. m 1 _ 0 . , . 1......,i,li F__ i L.., .r. . Mtatiin n :, h :- t-liril 4, Pi 1 510. • , § < 3 ■z) 3- ' . VI* . " s1 li L'S l ati ! 1 Ira I_ ` < ' 40 11 i' ii i., ..,„Ni ! 6 rizAalaft" -, i . i ■,: iii!c t ; ,- ,-; - c i , L-L- :. ''P_ Z' r t ? - I t .., i 1 6 Ir55.4 : i r lE r It ' --- I i 1 ,= !iii,!* .. i g, 8 . 4g - a. _, .1 - $ • .44. :. - 1 r _ q •• ca ,.- 1 :_a It 1 g:i 1, u . Il : g :; .,; . .: s 1 .. . i „ . ,,_ , ..„ , , a u. `,.1 ▪ Haritikil 2:6, .: 1 1 !-; P L ii.- , ...7 i r : M. .7- sh Lii !, : 1.• !I h : ; ,, 1 .1i5.4 ! :2 4 : 8n, o. V) t MI 1 O < X F. Z !. Z • : / ... , u ------ ... 1 WI 0 i..7. . "-.... Fi A a , Z ....._ .... ..a., Z 7 - --, IM1 I IIIIII* 1 -----------. ; --,,...„ i. • I MI . - . F.= • ----/ ED , / '.. : • I / I 14: Ifit • / 0 1 f X1 4i i inil 'iii S 1 i i 1 liq,',111.21 :A I • : • -`!) .' - 101 5 t / / / . 1.... ., . i ,....,..„- .....„•. O ...e,.. '--.... 0 O i ' .• , • ....--- I tr. h I T ..„. . ,. z . 6 '' ,...... se, ,. -,..., -,-, • / +- ..:' 4 ,.2 ....... ---./ w g 0 --._. L. h ac n c 2 . 2 l 1 Z i , "I-, - -. : • • - 2 01 i AO 3 a h ic lid 1 11 ili i'd i!" !iilf.P. Oh 0 . fr-,a4 40. t ci "4 •• 0 a 1 • E;1 C II • ..•---a' i wifith -Mfg • x jt:i4 1 UQ"U • ,, E „ '% i;' c iiD FEET q 50 VICINITY M CERTIFICATE OF OWNERSHIP AND SUBMISSION TO CONDOMINIUM OWNERSHIP: '. KNOW ALL MEN BY THESE PRESENTS THAT THE UNDERSIGNED, BEING SOLE OWNER IN FEE SIMPLE OF ALL THAT REAL PROPERTY SITUATED IN THE CITY OF ASPEN, COUNTY OF PITKIN, STATE OF COLORADO, SAID REAL PROPERTY BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: LOT 10, BLOCK 2 SNOWBUNNY SUBDIVISION ACCORDING TO THE SUBDIVISION PLAT THEREOF AS FILED FOR RECORD ON MAY, 2, 1957 IN PLAT BOOK 2A AT PAGE 229 UNDER RECEPTION NO. 105066 COUNTY OF PITKIN STATE OF COLORADO 4 CONTAINING 14,999 SQ. FT OR 0.344 ACRES Cl , I • i i ; • • THE SAID REAL PROPERTY TO BE LAID OUT, tit, �/ 'V `/ r V --V CO► ••Id I. UiI • e►• SURVEYED AS UNITS A AND B, 12404.2 SNOWBUNNY (Q R � LANE CONDOMINIUMS, A PART OF THE CITY 0 STATE OF COLORADO. i v THAT SAID OWNERS DO HEREBY SUBMIT SAID REAL PROPERTY TOGETHER WITH ' ALL IMPROVEMENTS. APPURTANCES AND FACILITIES HERETO AND NOW OR HEREAFTER THEREON TO CONDOMINIUM OWNERSHIP UNDER THE COLORADO COMMON INTEREST ACT, C.R.S. 38- 33.3 -101 AS THE SAME MAY BE AMENDED FROM TIME TO TIME AND HEREBY IMPOSES UPON ALL THE REAL PROPERTY THE TERMS, CONDITIONS, COVENANTS, RESTRICTIONS, EASMENTS RESERVATIONS, USES, LIMITATIONS AND OBLIGATIONS DESCRIBED IN THE CONDOMINIUM DECLARATION FOR THE 1240/1242 SNOWBUNNY LANE CONDOMINIUMS AS RECORDED IN THE REAL PROPERTY RECORDS OF PITKIN COUNTY, COLORADO ON THE . DAY ____ , 2010 A.D. UNDER RECEPTION NO. TOGETHER WITH ANY OTHER AMENDMENTS OR SUPPLEMENTS THERETO, WHICH DECLARATION SHALL BE DEEMED TO RUN WITH THE REAL PROPERTY AND SHALL BE A BURDEN AND BENEFIT TO SAID OWNERS, THEIR SUCCESSORS AND ASSIGNS, AND ANY PERSON AQUIRING OR OWNING AN INTEREST IN THE REAL PROPERTY, THEIR GRANTEES, SUCCESSORS, HEIRS, PERSONAL REPRESENTATIVES EXCUTORS, ADMINISTRATOORS DEVISEES OR ASSIGNS. EXECUTED THIS ___L _-____ DAY - , 2 010 A.D. FIDELITY BANK BY: - -- - - - - - - - - . --- TITLE �� r0 P t) (c.c. Sb^ ijlioar • COUNTY OF 4 504' - -) 1 S.S. STATE OF _.K. - - • THE FOREGOING CERTICATE OF OWNERSHIP AND SUBMISSION TO CONDOMINIUM 0 NERSHIP WAS ACKNOWLEDGED BEF E ME Tit ./. DAY OF !�y _ 2010 A.D. BY Lr • r _- A DULY AUTHORIZED REPRESENTATIVE OF FIDELITY BANK. WITNESS MY HAND AND SEAL: 1 VICKIE SCROGGIN .4421 NOTARY PUBLIC STATE OF KANSAS ' ' - - - -- My APPt Exp. Aug. 29, 2012 `� ' NOTARY PUBL ..., rnnAMICCInki FXPIPPS if _)+'1—►ar —_ 4 THE CITY OF ASPEN Land Use Application Determination of Completeness Date: September 23, 2010 Dear City of Aspen Land Use Review Applicant, We have received your land use application and reviewed it for completeness. The case number and name assigned to this property is 0052.2010.ASLU — 1590 Silverking DriveThe planner assigned to this case is Sara Adams. ❑ Your Land Use Application is incomplete: We found that the application needs additional items to be submitted for it to be deemed complete and for us to begin reviewing it. We need the following additional submission contents for you application: Please submit the aforementioned missing submission items so that we may begin reviewing your application. No review hearings will be scheduled until all of the submission contents listed above have been submitted and are to the satisfaction of the City of Aspen Planner reviewing the land use application. 77k Your Land Use Application is complete: If there are not missing items listed above, then your application has been deemed complete to begin the land use review process. Other submission items may be requested throughout the review process as deemed necessary by the Community Development Department. Please contact me at 429 -2759 if you have any questions. Th. ..- You, I t A A AilliA II! ifer P ta Deputy Director City of Asp -, ommunity Development Department For Office Use Only: Qualifying Applications: Mineral Rights Notice Required SPA PUD COWOP Yes Noy Subdivision (creating more than 1 additional lot) GMQS Allotme is Residential Affordable Housing Yes No Commercial E.P.F. 0 ATTORNEYS & COUNSELORS AT LAW JEROME PROFESSIONAL BUILDING 201 NORTH MILL, STREET, SUITE 201 ShermSherm & Howard L.L.C. ASPEN, COLORADO 81611 -1557 an ll Howard TELEPHONE (970)925-6300 FAX 25-1181 OFFICE 70)925 -118 OFFICES IN DENVER • COLORADO SPRINGS • ASPEN. VAIL STEAMBOAT SPRINGS PHOENIX • RENO LAS VEGAS ST. LOUIS Curtis B. Sanders Office Number (970) 925-6300 Ext. 214 RECF1 D E -mail: csandersna krabacher.com September 20, 2010 � � c 4 0 ` u, 7 CITY i:F ar tLN Via Hand Delivery COMMUNITY DEVELOPMENT Drew Alexander, Staff Planner City of Aspen Community Development Department 130 South Galena Street, Third Floor Aspen, Colorado 81611 Re: Application for Condominiumization of Project at 1590 and 1592 Silverking Drive, Aspen, Colorado; Red Butte Townhomes Dear Drew: In connection with the above matter, please find enclosed the following documents 1. City of Aspen "Pre- Application Conference Summary" dated August 13, 2010 (two copies); 2. "City of Aspen Community Development Department Agreement for Payment of City of Aspen Development Fees" dated September 20, 2010 (two originals); 3. City of Aspen "Land Use Application" (two originals); 4. Authorization to represent letter dated September 20, 2010 from Silver King Realty Partners, LLC (two originals); 5. Current Ownership and Encumbrance Report reflecting status of title matters affecting the subject property (two copies); 6. Vicinity Map depicting the location of the subject property in the City of Aspen (two copies); 7. Draft copies of the proposed "Condominium Map of Red Butte Townhomes" (two copies); 8. Draft copies of the proposed "Condominium Declaration of Red Butte Townhomes" (two copies); and BUS_RE \3540404.2 0 9. Applicant's check in the amount of $735.00. Please confirm the completeness of the enclose land use application at your earliest convenience. As I explained to you during our pre - application conference, the Condominium Map and the Condominium Declaration contemplate a condominiumization of the existing property into two separate units (the "1592 Silver King Drive Unit" and the "1592 Silver King Drive Unit "), each of which comprises one -half of the existing land and improvements. Each unit will share a party wall, and the units will share in the cost of maintaining the shared driveway. Otherwise, there are no other shared items, and no shared expenses. Please also note that as we have discussed, the attached Ownership and Encumbrance Report discloses the existence of two mechanic's liens and two notices of lis pendens affecting the subject property. One of the notices of lis pendens and one of the mechanic's liens in the amount of $20,936.41 is claimed by Crescent Electric Supply Company. The other notice of lis pendens and the other mechanic's lien in the amount of $176,313.76 is claimed by Interior Woodwork Inc. The Applicant has settled with the Crescent Electric Supply Company, and expects to have its mechanic's lien released this week, with the notice of lis pendens to be released shortly thereafter. The Applicant has not settlement with Interior Woodwork Inc., but with the consent of its attorneys, has filed a motion with the Court which will provide for the release of its mechanic's lien and notice of lis pendens by posting a cash bond with the Court. Therefore, upon the Court's approval of the Applicant's motion, Interior Woodwork Inc.'s mechanic's lien and notice of lis pendens will also be released from the subject property. Accordingly, the Applicant requests that the City of Aspen immediately process the enclosed land use application, but that the City of Aspen condition its final approval of the land use application upon my providing evidence of the release of Crescent Electric Supply Company's and Interior Woodwork Inc's notices of lis pendens and mechanic's liens. If you have any questions, please feel free t give me a call. cere Cu ilis ers Enc. cc: Christopher J. Berry Alexander.01 {00285061.DOC A I) 2 BUS_RE \3540404.2 hl Attorneys Title Insurance Agency of Aspen, LLC 715 West Main Street, Suite 306 Aspen, Colorado 81611 OWNERSHIP & ENCUMBRANCE REPORT This report is based on a search made of documents affecting the record title to the property described hereinafter, searched by legal description and by the names of the grantor or grantee. Consequently, the information as to record owner is taken from the most recent recorded Vesting Deed, and the information as to existing encumbrances reflects those documents of record which specifically described the subject property by legal description or which refer to the owner of the property which are filed by name only and do not include the legal description of the property. No information is furnished relative to easements, covenants, conditions and restrictions. This report does include the results of a search under the names of the property owner(s) in the general index. Liability of Attorneys Title lnsurance Agency of Aspen, LLC under this Ownership and Encumbrance Report is limited to the fee received. Effective Date: August 09, 2010 Property Address: 1590 Silver King Drive, Aspen, Colorado 81611 Schedule No: R005324 Parcel No: 273502401008 Taxes: Total taxes for 2009, are owed and due in the amount of: $10,590.86. Legal Description: Lot 33, West Aspen Subdivision, Filing No 2, According to the Plat threreof recorded September 4, 1968 in Plat Book 3 at page 308, Pitkin County, Colorado. Record Owner: Silver King Realty Partners, LLC, a Colorado limited liability company The following liens were found affecting subject properties: Construction Deed of Trust from Silver King Realty Partners, LLC, a Colorado limited liability company to the Public Trustee of Pitkin County for the use or Community Banks of Colorado to secure the Sum of $9,150,000. dated November 5, 2007, and recorded November 07, 2007, as Reception No. 543890. Financing Statement frotn Silver King Realty Partners, LLC, debtor, to Community Banks of Colorado, secured party, recorded November 21, 2007, as Reception No. 544284. Statement of Lien claimed by Interior Woodwork Inc. in the amount of$176,313.76, recorded February 22, 2010, as Reception No. 567165, and re- recorded March 15, 2010, as Reception No. 567685. Telephone (970) 925 -7328 A O A Facsimile (970) 925 -7348 ALA‘kAk Attorneys Title Insurance Agency of Aspen, LLC 715 West Main Street, Suite 305 Aspen, Colorado 81611 Statement of Lien claimed by Crescent Electric Supply Company in the amount of $20,936.41, recorded March 08, 2010, as Reception No. 567456, and Partial Release of Lien reducing, the lien amount to $ 19,590.98, dated May 18, 2010, and recorded May 18, 2010, as Reception No. 569466.. Notice of Lis Pendens in Pitkin County, containing the legal description of the property and pertaining to the lien filed by Interior Woodwork Inc. Notice of Lis Pendens dated April 15, 2010, and recorded April 21, 2010, as Reception No. 568751, Notice of Lis Pendens in Pitkin County, containing the case number 10 CV 153. the legal description of the property and pertaining to foreclosure of the lien recorded March 8, 2010, as Reception No. 567456. Notice . of Lis Pendens dated May 18, 2010, and recorded May 19, 2010, as Reception No, 569528: Note: Additional document recorded against title: Response of 1590 Silver King Drive, LLC to Rule 69 Interrogatories, containing the case number 2007 CV 119, dated March 20, 2008, and recorded March 20, 2008, as Reception No 547630. Atto ys i e [nsu n gencry'bf Aspen, LLC }7 /U /.4 By: • r orized 011ie r or Agent Telephone (970) 925 -7328 A a • Facsimile (970) 925 -7348 LAND USE APPLICATION RECEIVED PROJECT: C/ry P 2 0 201 Name: Red Butte Condominiums Cry,,, OF PEN Location: 1590 and 1592 Silverking Drive, Aspen, Colorado 81611 Parcel ID # (REQUIRED) 273502401008: Lot 33, West Aspen Subdivision, according to the Plat thereof recorded September 4, 1968 in Plat Book 3 at Page 308, situate in the County of Pitkin, State of Colorado (Indicate street address, lot & block number, legal description where appropriate APPLICANT: Name: Silver King Realty Partners, LLC Address: P.O. Box 10276, Aspen, Colorado 816112 Phone #: (970) 618-8040 REPRESENTATIVE: Name: Curtis B. Sanders, Sherman & Howard L.L.C. Address: 201 North Mill Street, Suite 201, Aspen, Colorado 81611 Phone #: (970) 925 -6300 TYPE OF APPLICATION: (please check all that apply): ❑ GMQS Exemption ❑ Conceptual PUD ❑ Temporary Use ❑ GMQS Allotment ❑ Final PUD (& PUD Amendment) ❑ Text/Map Amendment ❑ Special Review ❑ Subdivision ❑ Conceptual SPA ❑ ESA — 8040 Greenline, Stream X Subdivision Exemption (includes ❑ Final SPA (& SPA Margin, Hallam Lake Bluff, condominiumization) Amendment) Mountain View Plane ❑ Commercial Design Review ❑ Lot Split ❑ Small Lodge Conversion/ ❑ Residential Design Variance Expansion ❑ Lot Line Adjustment El Conditional Use CI Other: EXISTING CONDITIONS: (description of existing buildings, uses, previous approvals, etc.) A new duplex residential structure has been constructed on the Property. The Property is not subject to any existing land use approvals. PROPOSAL: (description of proposed buildings, uses, modifications, etc.) Applicant proposes a condominiumization of the Property into two residential units, with each unit comprised of all of the land and improvements on each side of a common boundary and party wall. Have you attached the following? FEES DUE: $735.00 X Pre - Application Conference Summary X Attachment #1, Signed Fee Agreement BUS RHU540412.1 N /AResponse to Attachment #3, Dimensional Requirements Form ❑ Response to Attachment #4, Submittal Requirements- Including Written Responses to Review Standards ❑ 3 -D Model For large project All plans that are larger than 8.5" X 11" must be folded. A disk with an electric copy of all written text (Microsoft Word Format) must be submitted as part of the application. Large scale projects should include an electronic 3 -D model. Your pre - application conference summary will indicate if you must submit a 3 -D model. SILVER KING REALTY PARTNERS, LLC By: Shadow Mountain Partners, Inc., its Manager By: if Christoph @r J. Berry, Pro t CB 14 (atIih Date RECEIVED SEP 2 0 2010 CITY OF ASI'tN COMMUNITY DEVELOPMENT 2 BUS_RE\3540412.1 CITY OF ASPEN PRE - APPLICATION CONFERENCE SUMMARY PLANNER: Drew Alexander, 429.2739 RECEIVED DATE: 08.13.10 PROJECT: 1590/1592 Silver King Drive REPRESENTATIVE: Curtis Sanders, (970) 925 -6300 SEP 2 U 2010 OWNER: Silver King Realty Partners, LLC CITY OF ASPEN DESCRIPTION: COMMUNITY DEVELOPMENT The Applicant is pursuing Condominiumization for the duplex property located at 1590/1592 Silver King Drive. The subject site recently completed construction (2010), and now the owner is prepared to create condominium ownership for the two dwelling units. During the Pre -App Conference, a draft condominium plat was discussed. This plat only displayed one floor - level out of three. However, the representative stated that the same devising wall separates the two dwelling units on each floor. Utilities were also discussed, and this property has no shared utilities. Staff made the recommendation to display limited common elements (LCE) and Greater Common Elements (GCE) on the plat provided with the Land Use Application. Condominiumization is an administrative review. No public noticing is required. Below is a link to the Land Use Code and Land Use Application for your convenience. Land Use Code http://www.aspenpitkin.com/ Departments / Community- Development/Planninq- and- Zoninq/Title -26- Land -Use- Code/ Land Use Application http: / /www.aspenpitkin.com /Portals /O /docs /City /comdev/ Apps %20and %20Fees/landuseappform.pdf Land Use Code Section(s) 26.304 Common Development Review Procedures 26.480.090 Condominiumization Review by: - Staff for complete application - Case planner for determiniation Public Hearing: Not required Copies of Application: 2 Copies Includes appropriate drawing for board review (HPC = 12; PZ = 10; CC = 7; Referral Agencies = 1 /ea.; Planning Staff = 2), Planning Fees: $735 (This includes three hours of staff review time. Additional planning hours over deposit amount are billed at a rate of $245 /hour) Total Deposit: $735 BUS RE\3540415.1 .. AF To apply, submit the following information: C y Z4; 1. Total deposit for review of the application. �j O�q °e018 taco 2. Proof of ownership. 3. Completed Land Use Application Form. 4. A signed fee agreement. 5. A Pre - Application Conference Summary. 6. A letter signed by the applicant, with the applicant's name, address and telephone number in a letter signed by the applicant, which states the name, address and telephone number of the representative authorized to act on behalf of the applicant. 7. Street address and legal description of the parcel on which development is proposed to occur, consisting of a current certificate from a title insurance company, or attorney licensed to practice in the State of Colorado, listing the names of all owners of the property, and all mortgages, judgments, liens, easements, contracts and agreements affecting the parcel, and demonstrating the owner's right to apply for the Development Application. 8. An 81/2" by 11" vicinity map locating the parcel within the City of Aspen. 9. A written description of the proposal and an explanation in written, graphic, or model form of how the proposal complies with the review standards relevant to the development application. Please include existing conditions as well as proposed. Please provide a written response to all applicable criteria. 10. A condominium subdivision exemption plat drawn with permanent ink on reproducible mylar. Sheet size shall be 24" x 36" with an unencumbered margin of one and a half inches on the left hand side of the sheet and a one -half inch margin around the other three sides of the sheet. 11. 2 Copies of the complete application packet and maps. Disclaimer: The foregoing summary is advisory in nature only and is not binding on the City. The summary is based on current zoning, which is subject to change in the future, and upon factual representations that may or may not be accurate. The summary does not create a legal or vested right. BUS _ RE\3540415.I P"^ RECEIVED CITY OF ASPEN COMMUNITY DEVELOPMENT DEPARTMENT SEP 2 0 2010 CITY OF ASPEN Agreement for Payment of City of Aspen Development Application Fees COMMUNITY DEVELOPMENT CITY OF ASPEN (hereinafter CITY) and Silver King Realty Partners, LLC (hereinafter APPLICANT) AGREE AS FOLLOWS: a. APPLICANT has submitted to CITY an application for Condominiumization pursuant to City of Aspen Land Use Code Section 26.480.090 (hereinafter, THE PROJECT). b. APPLICANT understands and agrees that the City of Aspen has an adopted fee structure for Land Use applications and the payment of all processing fees is a condition precedent to a determination of application completeness. c. APPLICANT and CITY agree that because of the size, nature or scope of the proposed project, it is not possible at this time to ascertain the full extent of the costs involved in processing the application. APPLICANT and CITY further agree that it is in the interest of the parties that APPLICANT make payment of an initial deposit and to thereafter permit additional costs to be billed to APPLICANT on a monthly basis. APPLICANT agrees additional costs may accrue following their hearings and/or approvals. APPLICANT agrees he will be benefited by retaining greater cash liquidity and will make additional payments upon notification by the CITY when they are necessary as costs are incurred. CITY agrees it will be benefited through the greater certainty of recovering its full costs to process APPLICANT'S application. d. CITY and APPLICANT further agree that it is impracticable for CITY staff to complete processing or present sufficient information to the Historic Preservation Commission, Planning and Zoning Commission and/or City Council to enable the Historic Preservation Commission, Planning and Zoning Commission and/or City Council to make legally required findings for project consideration, unless current billings are paid in full prior to decision. e. Therefore, APPLICANT agrees that in consideration of the CITY's waiver of its right to collect full fees prior to a determination of application completeness, APPLICANT shall pay an initial deposit in the amount of $735.00 which is for three (3) hours of Community Development staff time, and if actual recorded costs exceed the initial deposit, APPLICANT shall pay additional monthly billings to CITY to reimburse the CITY for the processing of the application mentioned above, including post approval review at a rate of $245.00 per planner hour over the initial deposit. Such periodic payments shall be made within 30 days of the billing date. APPLICANT further agrees that failure to pay such accrued costs shall be grounds for suspension of processing, and in no case will building permits be issued until all costs associated with case processing have been paid. CITY OF ASPEN APPLICANT By: By: tra _a, 'Sus Chris Bendon � Community Development Director Date: Billing Ad ress and Telephone Number: P.O. Box 10276 Aspen, Colorado 81612 (970) 618-8040 BUS_RE\3540406.1 rw 1 SILVER KING REALTY PARTNERS, LLC P.O. Box 10276 Aspen, Colorado 81612 Tel. (970) 618 -8040 September 20, 2010 City of Aspen Community Development Department 130 South Galena Street, Third Floor Aspen, Colorado 81611 Dear Sir or Madam: I am writing as President of Shadow Mountain Partners, Inc., which is in turn, Manager of Silver King Realty Partners, LLC, a Colorado limited liability company, to authorize Curtis B. Sanders and the law firm of Sherman & Howard L.L.C. to act as the agent for and representative of Silver King Realty Partners, LLC in all matters related to and in connection with an application for condominiumization pursuant to Section 26.480.090 of the City of Aspen Municipal Code, with respect to certain real property owned by Silver King Realty Partners, LLC and described as Lot 33, West Aspen Subdivision, according to the Plat thereof recorded September 4, 1968 in Plat Book 3 at Page 308, situate in the County of Pitkin, State of Colorado. The address and phone number of the company's agent is as follows: Curtis B. Sanders, Esq. Sherman & Howard L.L.C. 201 North Mill, Suite 201 Aspen, Colorado 81611 Please contact me if you have any questions. Thank you. SILVER KING REALTY PARTNERS, LLC, a Colorado limited liability company By: Shadow Mountain Partners, Inc., its Manager By: f / \ \ `� J _ istop er J. Berry, i4'sident BUS RE \3540405.1 CONDOMINIUM DECLARATION OF fl RED BUTTE TOWNHOMES PREAMBLE THIS CONDOMINIUM DECLARATION OF RED BUTTE TOWNHOMES ( "Declaration ") is made by SILVER KING REALTY PARTNERS, LLC, a Colorado limited liability company ( "Declarant ") to be effective as of the day of September, 2010. WHEREAS, Declarant owns certain real property located in Pitkin County, Colorado, more legally described on Exhibit A attached hereto (the "Property "); and WHEREAS, Declarant desires to submit the Property to the provisions of the Colorado Common Interest Ownership Act, C.R.S. §§ 38- 33.3 -101 et seq., as it may be amended from time to time ( "Act "). NOW THEREFORE, Declarant hereby submits the Property together with all easements, rights, and appurtenances thereto and improvements thereon to the provisions of the Act. In the event the Act is repealed, the Act as it exists on the date this Declaration is recorded shall remain applicable. Declarant hereby declares that all of the Property shall be held, sold and conveyed subject to the following covenants, conditions, and obligations, all of which are declared and agreed to be for the protection of the value of the Property, and for the benefit of any persons having any right, title, or interest in the Property and which shall be deemed to run with the land and shall be a burden and a benefit to any persons acquiring any interest in the Property, their grantees, heirs, legal representatives, successors, and assigns. SECTION ONE: DEFINITIONS As used in this Declaration, unless the context otherwise requires, the terms hereinafter set forth shall have the following meanings: 1.1 ACT means the Colorado Common Interest Ownership Act, C.R.S. §§ 38- 33.3 -101, et seq., as it may be amended from time to time. 1.2 ALLOCATED INTERESTS means the percentage ownership interest in the Common Elements, the Common Expense Assessment Liability, and the votes in the Association that are allocated to each of the Units in the Common Interest Community. The formulas used to establish the Allocated Interests are as follows: 1 BUS_RE\3554903.I (a) Interest in the Common Elements. Each Unit shall have an undivided fifty percent (50 %) ownership interest in the Common Elements. (b) Common Expense Assessment Liability. Each Unit shall be obligated and responsible to pay fifty percent (50 %) of the Common Expenses (subject to the other terms of this Declaration). (c) Votes. Each Unit within the Common Interest Community is entitled to one (1) vote. 1.3 ASSESSMENT LIEN means the statutory lien provided for in the Act on a Unit for any Assessment levied against that Unit together with all Costs of Enforcement as herein defined. All Costs of Enforcement are enforceable as Assessments. If an Assessment is payable in installments, the full amount of the Assessment is a lien from the time the first installment becomes due. The recording of this Declaration constitutes record notice and perfection of the lien. No further recordation or claim of lien for the Assessment is required. 1.4 ASSOCIATION means RED BUTTE TOWNHOMES ASSOCIATION, a Colorado unincorporated association, its successors and assigns. The Members of the Association shall be all of the Owners of the Units within the Common Interest Community. The Owners may elect to incorporate the Association as a Colorado nonprofit corporation at any time. Unless and until the Association is so incorporated, the Owners acknowledge and agree that the Association will not have the benefit of certain lien priorities provided for in the Act. 1.5 BOARD OF DIRECTORS or BOARD means the Board of Directors of the Association. The Board of Directors is the governing body of the Association and shall act on behalf of the Association. The term Board of Directors as used herein is synonymous with the term Executive Board as the latter term is used in the Act. 1.6 BUILDING means the duplex residential building (including related structures, such as the Common Driveway depicted on the Map, walls, patios, sidewalks, retaining walls, stairs and planters) in the Common Interest Community currently existing and as it may be altered, modified, repaired or replaced in the future pursuant to this Declaration. 1.7 COMMON DRIVEWAY means the "Common Driveway" depicted on the Map and as further defined and described in Section 3.2 below. 1.8 COMMON ELEMENTS means (a) the Party Wall; (b) the Common Driveway depicted on the Map; (c) any utility facilities and drainage improvements that serve or benefit both Units, (d) any structural or foundation elements in addition to the Party Wall or the Common Driveway that are necessary for the continued existence, common support, integrity, preservation, protection, and /or enjoyment of the Building improvements located within both Units; and (e) any easements or other appurtenances to the Property that benefit both Units. 2 BUS_RE\3554903.1 1.9 COMMON EXPENSE ASSESSMENT LIABILITY means the liability for Common Expenses allocated to each Unit that is determined in accordance with that Unit's Allocated Interests as set forth in Section 1.2(b) hereof. 1.10 COMMON EXPENSES means expenditures made by or liabilities incurred by or on behalf of the Association, together with allocations to reserves, if any. 1.11 COMMON INTEREST COMMUNITY means all of the Property and the improvements located thereon and appurtenances thereto. 1.12 COSTS OF ENFORCEMENT means all fees, late charges, interest, expenses, including receiver's fees, and reasonable attorneys' fees and costs incurred by the Association or an Owner in connection with the collection of the Assessments or in connection with the enforcement of the terms, conditions and obligations of the Project Documents. 1.13 DECLARANT means Silver King Realty Partners, LLC, a Colorado limited liability company, or its successors and assigns as defined in § 38- 33.3- 10302) of the Act. A Person shall be deemed a "successor and assign" of Declarant only if specifically designated in a duly recorded instrument as a successor or assign of Declarant under this Declaration, and shall be deemed a successor and assign of Declarant only as to the particular rights or interests of Declarant under this Declaration which are specifically designated in the written instrument. 1.14 DECLARATION means this Declaration and the Map, and any supplements and amendments thereto recorded in the Office of the Clerk and Recorder of Pitkin County, Colorado. 1.15 GUEST means (a) a guest or invitee of an Owner or tenant; (b) an occupant or tenant of a Unit within the Common Interest Community, and any members of his or her household, invitee or cohabitant of any such person; (c) a contract purchaser; or (d) an employee, customer, or client of an Owner or tenant. 1.16 MANAGING AGENT means any one or more persons employed by the Association who is engaged to perform any of the duties, powers or functions of the Association. 1.17 MAP means the CONDOMINIUM MAP OF RED BUTTE TOWNHOMES (and any supplements and amendments thereto) recorded on , 2010 in Plat Book as Reception No. in the Office of the Clerk and Recorder of Pitkin County, Colorado. 1.18 MEMBER means each Owner. 1.19 OWNER or UNIT OWNER means the record owner of the fee simple title to either Unit. 1.20 PARTY WALL means the wall located on and along the common boundary line between the two Units, as depicted on the Map. 3 BUS_RE13554903.1 1.21 PERSON means a natural person, a corporation, a partnership, an association, a trust, a limited liability company, a joint venture, or any other entity recognized as being capable of owning real property under Colorado law. 1.22 PROJECT DOCUMENTS mean this Declaration, the Map, any rules or regulations adopted by the Association from time to time, and any bylaws or articles of incorporation for the Association, if any, as they may be amended and supplemented from time to time. 1.23 PROPERTY is defined in the Recitals of this Declaration. 1.24 SECURITY INTEREST means an interest in real estate or personal property created by contract that secures payment of an obligation. The term includes a lien created by a deed of trust, contract for deed, land sales contract or UCC -1. 1.25 UNIT means each of the two condominium units depicted on the Map and described in this Declaration and all improvements and fixtures contained therein, together with an undivided 50% interest in the Common Elements. The two Units are known as "1590 Silver King Drive Unit" and "1592 Silver King Drive Unit" as depicted on the Map. SECTION TWO: NATURE AND INCIDENTS OF THE COMMON INTEREST COMMUNITY 2.1 The Common Interest Community. The name of the Common Interest Community is RED BUTTE TOWNHOMES. 2.2 Number of Units. The number of Units in the Common Interest Community is two (2). No more than two Units may be created within the Common Interest Community. 2.3 Division into Units, Estates of an Owner. The Common Interest Community is hereby divided into two (2) Units, each consisting of a separate fee simple estate in a particular Unit, and an appurtenant undivided fee simple interest in the Common Elements. The undivided interest in the Common Elements appurtenant to a particular Unit is determined in accordance with that Unit's Allocated Interest as set forth in Section 1.2 hereof. The two Units are the "1590 Silver King Drive Unit" and the "1592 Silver King Drive Unit" as depicted and described on the Map. 2.4 Title. A Unit may be held and owned by more than one Person as joint tenants or as tenants in common or in any real property tenancy relationship recognized under the laws of the State of Colorado. 2.5 Description of a Condominium Unit. Every deed, lease, mortgage, trust deed, will or other instrument may legally describe a Unit by its identifying address (i.e., either "1590 Silver King Drive Unit" or "1592 Silver King Drive Unit ") followed by the words "RED BUTTE TOWNHOMES." 4 BUS_RE\3554903.I A sufficient description of a Unit may be as follows: 1590 Silver King Drive Unit, RED BUTTE TOWNHOMES, according to the CONDOMINIUM MAP OF Red Butte Townhomes, recorded on , 2010 as Reception No. , and as defined by the CONDOMINIUM DECLARATION OF RED BUTTE TOWNHOMES, recorded on , 2010, as Reception No. , both recorded in the Office of the Clerk and Recorder of Pitkin County, Colorado. This legal description shall be good and sufficient for all purposes to sell, convey, transfer, encumber, or otherwise affect not only the Unit, but also the Common Elements appurtenant to the Unit. The undivided interest in the Common Elements appurtenant to any Unit shall be deemed conveyed or encumbered with that Unit, even though the legal description and the instrument conveying or encumbering the Unit may only refer to that Unit. 2.6 Unit Boundaries. The vertical boundaries of the Units are depicted and described on the Map. The Units share a common boundary, a portion of which includes the centerline of the Party Wall as depicted on the Map. The vertical boundaries of the Units are comprised of the common boundary line between the Units (a portion of which includes the centerline of the Party Wall) is located, and the perimeter lot lines of the Property. The Units do not have any horizontal boundaries, and each Unit includes all subsurface land and air space within the vertical boundaries of the Unit (i.e., on its side of the common boundary line) as described above and as depicted on the Map. 2.7 Inseparability of a Unit. An Owner's undivided interest in the Common Elements shall not be separated from the Unit to which it is appurtenant and shall be deemed to be conveyed or encumbered with the Unit even though the interest is not expressly mentioned or described in a deed or other instrument. 2.8 No Partition. The Common Elements shall remain undivided and no Owner or any other person shall bring any action for partition or division of the Common Elements. Similarly, no action shall be brought for the physical partition or subdivision of a Unit between or among the Owners thereof; provided, however, an action for partition of a Unit shall be permitted by a sale and the division of the sale proceeds. 2.10 Compliance with the Provisions of the Project Documents. Each Owner shall comply strictly with, and shall cause each of his, her or its Guests to comply strictly with, all of the provisions of the Project Documents, as the same may be amended and supplemented from time to time. Failure to comply with the Project Documents shall be grounds for an action to recover sums due and for damages or injunctive relief or both, along with costs of suit and reasonable attorneys' fees, maintainable by the Board or an affected Owner in the name of the Association, or, in a proper case, directly by any aggrieved Owner. 2.11 Separate Taxation. Each Unit shall be a separate tax parcel and shall be subject to separate assessment and taxation for all types of taxes and assessments authorized by law, 5 BUS_RE \3554903.1 including ad valorem levies and special assessments. The Common Elements shall not be deemed to be a tax parcel. The lien for taxes assessed to any Unit shall be confined to that Unit. No forfeiture or sale of any Unit for delinquent taxes, assessments or other governmental charges shall divest or in any way affect the title to the other Unit. 2.12 Expansion or Redevelopment of Improvements on the Units.. At the time of the recordation of this Declaration, the Property is improved with the Building as permitted by the City of Aspen Land Use Code (the "Code "). If any additional floor area is available to be constructed on the Property under the Code, then fifty percent (50 %) of that unused floor area is hereby allocated to each Unit and neither Unit shall utilize more than its fifty percent (50 %) share of the unused floor area. Subject to the preceding limitation, the Owners maintain the right to seek any approvals allowed under the Code to permit additional floor area to be constructed. An Owner shall not take any actions with the County that will affect the amount of floor area allocated to the other Unit without the prior written approval of the other Owner. 2.13 Mechanic's Liens Against the Units. Mechanic's liens may only arise or be created against a Unit in the same manner and under the same conditions as mechanic's liens may arise or be created upon any other parcel of real property subject to individual ownership. Labor performed or materials furnished to a particular Unit, with the consent or at the request of the Owner of that Unit or his or her agent, shall not be the basis for the filing of a mechanic's lien pursuant to law against the other Unit. Labor performed or materials furnished for the Common Elements, if duly authorized by the Board of Directors in accordance with this Declaration, shall be deemed to be performed or furnished with the express consent of all Owners, and shall be the basis for the filing of a mechanic's lien pursuant to law against both of the Units within the Common Interest Community. In the event a mechanic's lien is properly recorded against both Units, the Owners of each of the separate Units may remove their Unit from the mechanic's lien by payment of 50% of the amount claimed. Upon payment, discharge or other satisfaction, the Unit shall promptly be released from the lien. Partial payment, satisfaction or discharge shall not prevent the lienor from proceeding to enforce his or her rights against any Unit not so released. SECTION THREE: EASEMENTS 3.1 Easements Generally. The Common Interest Community is subject to all easements as shown or created on the Map, those of record, those provided in the Act and those set forth in this Section and other provisions of this Declaration. 3.2 Common Driveway. Each Owner shall have a non - exclusive easement in and over the portion of the "Common Driveway" depicted on the Map which is located on the other Owner's Unit for purposes of access to and from the Units to and from Silver King Drive. 3.3 Utility Easements. There is hereby created and granted for the benefit of utility companies providing utility service to the Common Interest Community, the Owners of the Units and the Association, easements on, over, in, under, and through the Common Interest 6 BUS_RE\3554903.1 Community in those areas designated as utility easements on the Map, if any, for those utility purposes as are set forth on the Map for the installation, replacement, repair, operation and maintenance of utilities. The utility easements shall include a right of access from the surface. Any damage to the surface of any utility easement that results as a result of the installation, replacement, repair, operation and maintenance of utilities shall be repaired at the cost of the Owner conducting the installation, replacement, repair, operation and maintenance of the utilities. All utilities, to the extent permitted by the applicable utility provider, shall be located underground in accordance with applicable laws and shall not interfere with the reasonable use of the surface of the easement. All utilities serving a Unit shall be located within the public right of way, a utility easement designated for such utilities on the Map, or within the Unit being served by the particular utilities. No Owner shall tamper with any utility lines or connections, or alter them in any way, or undertake any work that would jeopardize or interfere with any utilities serving the other Unit. 3.4 Owner's Easement for Support and Utilities. Each Owner shall have a non - exclusive easement in and over the Common Elements within the Common Interest Community, including the Party Wall, for horizontal and lateral support of the Owner's Unit and the improvements thereon, and for utility service to the Unit, including but not limited to water, sewer, gas, electricity, telephone, cable and high speed internet service. 3.5 Easements for Encroachments. If any part of the Common Elements encroaches or shall hereafter encroach upon a Unit, an easement is hereby established for the existence and maintenance of the encroachment. The encroachment easement shall be in effect for whatever period of time the encroachment exists. Encroachments referred to herein include, but are not limited to, unintentional encroachments caused by error in the original construction of the Building, by error in the Map, by settling, rising, or shifting of the earth, or by changes in position caused by repair or reconstruction of the Common Interest Community or any part thereof or by any other movement of any portion of the improvements located upon the Common Interest Community. Notwithstanding the foregoing, the Association or any Owner shall not intentionally cause an encroachment or cause the expansion of any encroachments currently or hereinafter existing except as may be authorized in writing by the Board of Directors. 3.6 Easements in Units for Repair, Maintenance, and Emergencies. All Owners shall permit a right of entry to the Board of Directors or any other person authorized by the Board of Directors, whether the Owner is present or not, for access to and through each Unit as may be necessary from time to time for the maintenance, repair, or replacement of any of the Common Elements or for making emergency repairs necessary to prevent damage to the Common Elements or to another Unit. Access in accordance with this Section 3.6 will be made to a Unit only on a regular business day during regular business hours, after providing written notice at least one (1) day in advance to the Owner and occupants of the Unit. In case of emergency, entry may be made at any time provided that a reasonable effort according to the circumstances is made to give notice of entry to the Owner and occupants of the Unit. The Association or its agents is granted the authority to use such reasonable force as is necessary to gain entry into a Unit in the event of an emergency, if no other means of entry are available in view of the circumstances. The Association shall bear the full responsibility and expense of all damages incurred to the Unit and /or Common Elements because of such forcible entry. Notwithstanding 7 BUS RE\ 3554903.1 the foregoing, if any such damage or the cause for need of maintenance or emergency repair is the result of the carelessness or negligence of any Owner, then such Owner shall be solely responsible for the costs of repairing such damage. In the event the Owner fails within a reasonable time upon proper notice to pay the cost of the damages incurred, the Association or the Owner of the other Unit may pay for the damages and charge the Owner responsible for such costs. 3.7 Emergency Easements. A nonexclusive easement for ingress and egress is hereby granted to all police, sheriff, fire protection, ambulance, and other similar emergency agencies or persons, now or hereafter servicing the Common Interest Community to enter upon the Common Interest Community in the performance of their duties. 3.8 Mutual Common Elements Easements. a. Perpetual Reciprocal Mutual Easements. There is hereby created, granted and reserved for the use and benefit of the Owners perpetual, non - exclusive reciprocal easements for the continued existence of the Common Elements, in their present location, and for the use, enjoyment, maintenance, repair, preservation, restoration and replacement of the Common Elements when necessary, together with and including a right of reasonable access, ingress and egress over, upon and across both Units and the improvements thereon for such purposes. b. No Damage or Alteration by Owners. Unless otherwise approved by both Owners in writing, both Owners shall be and hereby are prohibited from destroying, damaging, altering, relocating, repairing or replacing any of the Common Elements in any manner which directly or indirectly impairs, interferes with or otherwise adversely affects the mutual function and beneficial purpose thereof. c. Maintenance of Mutual Easements. The Association shall maintain, repair and replace the Common Elements as may be reasonably required from time to time, at the joint and equal expense of the Owners. Either Owner, upon advanced written notice to the other, shall have the right to cause to be performed such maintenance, repair or replacement work as may be reasonably required from time to time in connection with the intended use of such Common Element, and to pay for the same, and to bill the other Owner for fifty percent (50 %) of such costs, or one hundred percent (100 %) thereof if the other Owner's negligence or intentional act was the sole reason for such maintenance, repair or replacement work, subject to Section 6.9. Any such bill not paid by an Owner within thirty (30) days of delivery of the bill shall bear interest at the rate of eighteen percent (18 %) per annum from the date of mailing of the bill until paid in full, and the billing Owner shall be entitled to an award of its reasonable attorneys' fees and costs of collection if such Owner prevails in any such litigation to enforce such payment. 3.9 Recording Data Regarding Easements. Pursuant to § 38- 33.3- 205(1)(m) of the Act, the recording data for recorded easements and licenses appurtenant to or included in the Common Interest Community or to which any portion of the Common Interest Community is or may become subject to are identified on the attached Exhibit B. 8 BUS_RE\3554903.I SECTION FOUR: THE ASSOCIATION 4.1 Name. The name of the Association is RED BUTTE TOWNHOMES ASSOCIATION. 4.2 Purposes and Powers. The Association, through its Board of Directors, shall have all the powers necessary or reasonable to effectuate the purposes, obligations and responsibilities of the Association as may be set forth in this Declaration. 4.3 Board of Directors: Delegation Authority. The affairs of the Association shall be managed by a Board of Directors, who may by resolution delegate authority to a Managing Agent for the Association, provided no such delegation shall relieve the Board of final responsibility. The Board of Directors shall be composed of two members. The Owner of each Unit shall have the right to appoint one member of the Board of Directors. Each such member of the Board of Directors shall serve until the earlier of he or she resigns or a replacement member is appointed. 4.4 Membership. Members of the Association shall include every record Owner of a Unit subject to this Declaration. Membership shall be appurtenant to and may not be separated from ownership of any Unit. Ownership of a Unit shall be the sole qualification for such Membership. Where more than one Person holds an interest in any Unit, all such Persons shall be Members, provided however that such Members shall jointly exercise the one (1) vote allocated to such Owners' Unit. The membership of the Association at all times shall consist exclusively of all Owners or, following termination of the Common Interest Community, of all former Owners entitled to distributions of the proceeds under § 38- 33.3 -218 of the Act, or their heirs, personal representatives, successors or assigns. 4.5 Voting Rights. The vote for a Unit owned by more than one (1) Owner may be exercised by any one of them unless an objection or protest by any other Owner is made in writing to the other Unit Owner prior to the completion of the vote, in which case the vote for the Unit shall be exercised as the Owners of the Unit shall determine between themselves. Should the joint Owners of a Unit be unable, within a reasonable time (not to exceed 30 days), to agree upon how they will vote any issue, they shall be passed over and the right for such Unit to vote on the issue shall be lost. 4.6 No Period of Declarant Control. There is no "Period of Declarant Control" for this Common Interest Community. 4.7 Budget. To the extent the Owners agree to incur any Common Expenses of the Association for which the Association will collect Assessments (as defined below), the Board of Directors shall comply with any applicable requirements for adopting a budget set forth in the Act. 4.8 Association Agreements. Any agreement for professional management of the Common Interest Community may not exceed one year. Any such agreement must provide for termination by either party without cause and without payment of a termination fee or penalty upon thirty (30) days written notice. 9 BUS RE\3554903.I 4.9 Indemnification. Each officer or director of the Association shall be indemnified by the Association against all expenses and liabilities, including attorneys' fees, reasonably incurred by or imposed on him or her in any proceeding to which he or she may be a party, or in which he or she may become involved, by reason of him or her being or having been an officer or director of the Association, or any settlements thereof, to the full extent permitted by Colorado law. SECTION FIVE: ASSESSMENTS 5.1 No Assessments Except as Agreed to by the Owners. Each Owner is responsible for maintaining and repairing and paying all expenses associated with the Owner's Unit (including all improvements thereon) and an equal share of the costs to maintain the Common Elements. The Owners may however agree to have the Association contract for and incur Common Expenses and thereby have the Association adopt a budget and levy and collect assessments ( "Assessments ") for the purpose of funding such Common Expenses. If thereby Assessments are made on the Units, the Association shall have all the rights to levy and collect Assessments, including having an Assessment Lien, as set forth in the Act. 5.2 No Offsets. All Assessments shall be payable in the amounts specified in the levy thereof, and no offsets or reduction thereof shall be permitted for any reason including, without limitation, any claim that the Association or the Board of Directors is not properly exercising its duties and powers under this Declaration. SECTION SIX: RESTRICTIVE COVENANTS AND OBLIGATIONS 6.1 Nuisances and Offensive Activities. There shall be no noxious or offensive activities conducted on, in, or upon any part of the Property, and no loud noises or noxious odors shall be permitted to occur anywhere on the Property. Nothing shall be done on the Property that may be or become an unreasonable annoyance or a nuisance to any other Owner or any Guest of any Unit. Any Owner shall have the right to enforce the provisions of this Article by bringing suit at law or in equity, or as otherwise provided by law. No Owner or Guest of any Unit shall permit or cause anything to be done or kept on the Property which will increase the cost of insurance or which will result in the cancellation of such insurance. Each Owner shall be accountable to the other Owner for the uses and behavior of its Guests. 6.2 Structural Integrity. Nothing shall be done to any Unit or Common Elements that will impair the structural integrity of any improvements on or within the other Unit unless prior written unanimous authorization is obtained from the Owner(s) of the other Unit. 6.3 No Unsightliness; Trash Storage. No unsightliness or waste shall be permitted on or in any part of the Property. Without limiting the generality of the foregoing, no Owner shall keep or store anything on or in any portion of a Unit visible from the exterior of such Unit, including but not limited to, skis, bicycles or exercise equipment, except for patio, deck and ancillary outdoor furniture and furnishings; provided, however, that playground and outdoor sports equipment may be kept on the Property in a neat condition and good repair with the consent of the Owners (which consent shall not be unreasonably withheld) and under terms and conditions reasonably agreed to by the Owners. All trash shall be stored by the Owners within the garage of 10 BUS RE\3554903.1 r- s , each Owner's respective Unit, or other designated and enclosed trash storage area, except on the day of pickup. 6.4 Utilities. All water, sewer, gas, electrical, telephone, cable television and other utility lines, pipes or other infrastructure shall be buried underground and shall not be carried on overhead poles or above the surface of the ground. Any areas of natural vegetation or terrain disturbed by the burying of utility lines shall be revegetated by and at the expense of the Owner causing the installation of the utilities no later than the next growing season following such installation. Each Unit shall be separately metered, serviced, and billed for purposes of utilities. 6.5 Construction/Remodeling of Improvements on Units. (a) Material Changes. Without the prior written consent of the other Owner, no Owner shall: (a) make any changes or alterations of any type or kind to the exterior surfaces of the portion of the Building located on such Owner's Unit, including any doors or windows, or (b) make any modification or alteration to the appearance, exterior lighting, or color scheme of the exterior of the portion of the Building located on such Owner's Unit, or (c) make any changes or alterations of any type or kind to the landscaping of located on such Owner's Unit, in each case that would be reasonably likely to materially and adversely affect the appearance of the Units (each a "Material Change "). To the extent an Owner desires to remodel, rebuild or otherwise reconstruct in any way the portion of the Building located on such Owner's Unit, or any portion thereof, that would result in a Material Change, no such action may occur until such time as the Owner desiring such action has submitted to the other Owner written notice of the proposed Material Change in accordance with the notice provision set forth hereinafter together with detailed plans with adequate information on the proposed size, materials, colors and other significant maters related to the Material Change and received the approval of such plans by the other Owner in writing. To the extent such plans are so submitted and no written response is received within thirty (30) calendar days after providing the plans to the other Owner, such proposed Material Change shall be deemed approved by the other Owner. If any Owner provides written notice of disapproval of the plans so submitted within the 30 -day period, then the Owner desiring to make the Material Change shall not be permitted to make the Material Change described in the plans; provided, however, such notice of disapproval shall reference specific grounds for the disapproval such that the affected Owner may address any concerns and re- request approval accordingly. In the event that the Owner desiring to make the Material Change fails to comply with the provisions of this Section 6.5(a), the other Owner shall have all remedies available at law, in equity, and /or under this Declaration, subject to the mandatory arbitration provisions of Section 11 hereof. (b) Non - Material Changes. An Owner may (a) make a change or alteration to the exterior surfaces of such Owner's Unit, including any doors or windows, or (b) modify or alter the appearance or color scheme of the exterior of such Owner's Unit without the prior consent of the other Owner so long as such change or alteration would not be reasonably likely to materially and adversely affect the appearance of the Units (a "Non- Material Change "). Nevertheless, at least fifteen (15) calendar days prior to making any Non - Material Change, the Owner proposing the work shall provide the other Owner with notice of the proposed Non - Material Change in 11 BUS_RE \3554903.1 accordance with the notice provision set forth hereinafter together with detailed plans with adequate information on the proposed size, materials, colors and other significant maters related to the Non - Material Change. If any Owner reasonably believes that the change proposed in the plans is actually a Material Change, rather than a Non - Material Change, which such Owner disapproves, then such Owner shall provide written notice ( "Notice of Disagreement ") of such disapproval to the other Owner within seven (7) calendar days of receipt of the proposed plans in accordance with the notice provision set forth hereinafter. If a Notice of Disagreement is received, the Owner desiring to make the Non - Material Change shall not make the Non - Material Change described in the plans unless and until such time as the arbitration referenced under Section 6.5(c) below has concluded and the decision of the Independent Architect permits the Non - Material Change to be executed. In the event that the Owner desiring to make the Non - Material Change fails to comply with the provisions of this Section 6.5(b), the other Owner shall have all remedies available at law, in equity, or under this Declaration. (c) Disagreement over Changes. If the Owners disagree over whether any proposed change or alteration would be a Material Change or a Non - Material Change, then the disagreement shall be resolved by binding arbitration pursuant to the following provisions. The Owners shall agree within seven (7) calendar days of receipt by an Owner of a Notice of Disagreement on a neutral, independent architect with at least 10 years of experience designing high -end residences within the Aspen/Pitkin County market and who is willing to act as the arbitrator between the Owners (the "Independent Architect "). If the parties cannot agree on the Independent Architect, the parties shall have the Independent Architect appointed by the current president of the Aspen Board of Realtors. Within ten (10) calendar days after the Independent Architect has been chosen, the Owners will provide the Independent Architect with a copy of the plans for the proposed change or alteration and each Owner will provide the Independent Architect with a written position statement explaining why such Owner believes the proposed change or alteration is a Material Change or a Non - Material Change. The Owners will instruct the Independent Architect to make a written decision within ten (10) calendar days thereafter. The decision of the Independent Architect as to whether the proposed change is a Material Change or a Non - Material Change shall be final and binding on the Owners. The Owners shall evenly split the fee charged by the Independent Architect. (d) General Requirements. Any and all construction or reconstruction undertaken in connection with the Units shall be subject to and in accordance with all Project Documents, City of Aspen land use rules and regulations, and any and all other applicable state or local codes, rules or regulations. 6.6 Maintenance of Units. Each Owner shall, at such Owner's sole cost and expense (subject to the other terms of this Declaration): (i) insure and keep and maintain in a safe condition and reasonably good repair the improvements located within such Owner's Unit; (ii) replace any exterior finishing or other materials removed with materials of a similar type, kind, and quality; (iii) maintain in a safe condition and in reasonably good repair the interior of such Owner's Unit visible from the exterior of such Unit, including the fixtures, doors and windows thereof, the improvements affixed thereto, and that portion of the roof serving such Unit; (iv) maintain in a reasonably neat and clean condition all the decks, yard, landscaping, porches, roof, balconies and 12 BUS _ RE\3554903.1 r patio located within such Owner's Unit. 6.7 Fencing. Either Owner may construct a fence along the common boundary separating the rear yard areas of 1590 Silver King Drive Unit and 1592 Silver King Drive Unit; provided, however, the materials, height and location of such fencing shall be mutually and reasonably approved by both Owners prior to the installation thereof. No fencing shall impede the views enjoyed by either Owner from their respective Units. No chain -link or barb -wire fencing shall be allowed. 6.8 Pets. No animals, livestock, poultry or pigs of any kind shall be raised, bred or kept on either of the Units; provided, however, the Owners may keep dogs, cats and other household pets so long as they are not kept, bred or maintained for any commercial purposes and are not a nuisance. 6.9 Indemnity. Subject to Section 7.3, each Owner of a Unit will be liable to and will protect, defend, indemnify and hold harmless the Association and any Owner of the other Unit from and against any and all damages, claims, demands, liens (including, without limitation, mechanics' and materialmen's liens and claims), losses, costs and expenses (including, without limitation, reasonable attorneys' fees, court costs and other expenses of litigation) and liabilities of any kind or nature whatsoever (collectively referred to as "Claims ") suffered or incurred by, or threatened or asserted against, the Association or any such other Owner as a result of or in connection with (a) the willful misconduct, recklessness, negligence or breach of the Act, other laws or the Project Documents by the indemnifying Owner or its Guests; (b) any repair, restoration, replacement, alteration or other construction, demolition, installation or removal work on or about the Common Interest Community contracted for, or performed by, the indemnifying Owner or its Guests; or (c) the operation, use, ownership or maintenance of the indemnifying Owner's Unit by the indemnifying Owner or its Guests. Nothing contained in this Section will be construed to provide for any indemnification which violates applicable laws, voids any or all of the provisions of this Section or negates, abridges, eliminates or otherwise reduces any other indemnification or right which the Association or the Owners have by law. SECTION SEVEN: INSURANCE 7.1 Insurance to be Maintained by Owners. Each Owner shall maintain casualty and property damage insurance for the full replacement costs of the insurable improvements within its Unit and such Owner's undivided interest in the Party Wall and any other insurable Common Elements. Such insurance shall include an inflation guard endorsement and shall be written with an insurance company licensed to do business in the State of Colorado. 7.2 Insurance to be Maintained by Association. The Association may obtain and maintain such Liability insurance and other insurance coverage as the Board of Directors, in the exercise of its reasonable business judgment, deems advisable. To the extent any insurable portions of the Common Elements are not covered by the property /hazard insurance carried by the Owners, then the Association shall obtain and maintain property insurance covering those Common Elements, in amounts and with coverage determined by the Board of Directors. 13 BUS_RE\3554903.I 7.3 Waiver of Claims. No Owner will make any claim against the Association, its directors, officers, employees or agents, or any other Owner or its Guests for any property loss or damage to property, and all such claims are hereby waived, to the extent that the loss, damage, injury or liability is or would be covered by any property insurance policy that is required under this Declaration to be maintained by or for the benefit of the waiving Owner (assuming that such insurance policy is maintained on a 100% replacement cost basis). For purposes of this Section 7.3, the deductible or self insured retention amount under any property insurance policy required to be, or in fact, maintained by a waiving Owner is deemed to be covered by the policy so that, in addition to waiving claims for amounts in excess of the deductible or self insured retention (up to the covered limits, or deemed covered limits, of the policy), the waiving Owner waives all claims for amounts within the deductible or self insured retention. SECTION EIGHT: REPAIR AND RECONSTRUCTION UPON DAMAGE OR DESTRUCTION AND CONDEMNATION 8.1 Duty to Repair and Reconstruct. Any portion of the Common Elements that is damaged or destroyed that is covered by insurance carried by the Association must be repaired or reconstructed promptly by the Association, subject to the provisions of § 38- 33.3 -313 of the Act and this Declaration. The Board of Directors or its agents shall represent the Owners as their attorney -in -fact in all proceedings, negotiations and agreements with the insurance companies for the settlement of any insurance claim for any part of the Common Elements covered by insurance carried by the Association. If the insurance proceeds with respect to the damage or destruction are insufficient to repair and reconstruct the damage for a claim that is covered by insurance carried by the Association, the Board of Directors shall levy an Assessment as may be agreed to by the Owners and shall proceed to make such repairs or perform such reconstruction. An Owner shall deal directly with the insurance company in all proceedings, negotiations and agreements for the settlement of any insurance claim for damage to the Owner's Unit covered by insurance carried by the Owner. To the extent the casualty causes damages to both Units, the Owners shall cooperate and consult with each other in regard to their claims with their respective insurance companies. If the insurance proceeds with respect to the damage or destruction are insufficient to repair and reconstruct the damage for a claim that is covered by insurance carried by an Owner, that Owner shall be responsible to pay such additional amounts as necessary to repair and reconstruct the damaged portions of the Unit(s), subject to Section 6.9. 8.2 Plans. The Common Elements shall be repaired and restored in accordance with the original plans and specifications providing for the construction of the Building and its related improvements on the Property, or other plans and specifications that have been reasonably approved by both Owners. 8.3 Condemnation. The Owners shall participate directly in any negotiations, settlements and /or agreements with condemning authorities for the condemnation of any part of the Units or the Common Elements. All compensation, damage, or other proceeds therefrom shall be payable to the Owners and the holders of Security Interests against the Units as their interests may appear. 14 BUS_RE \3554903.1 l SECTION NINE: BOOKS AND RECORDS Owners and their mortgagees shall have the right to examine the books and records of the Association at the office of the Association in accordance with the Act. SECTION TEN: DEADLOCKS 10.1 Definition. "Deadlock" shall mean a written statement that there is a "Deadlock" made by a member of the Board to the other member of the Board after a formal vote in which one member of the Board votes for or against a proposition and the other member votes differently or refuses to vote, concerning any decision for which a decision by the Board is required (not merely permitted) pursuant to this Declaration or the Act. 10.2 Breaking a Deadlock. In the event of a Deadlock, the Board shall take another vote on the proposition. If that vote is not unanimous, then a decision that resolves the Deadlock issue shall be made by a person (the "Arbitrator ") appointed for that purpose by the members of the Board, if they can so agree within five (5) business days, or thereafter at the request of either member of the Board, by the then - current president of the Aspen Board of Realtors. Each member of the Board shall submit to the Arbitrator a written proposal to resolve the Deadlock within ten (10) business days after the appointment of the Arbitrator. The Arbitrator shall have not less than five (5) years' experience in commercial property management, shall not be related to or under common ownership or control with the owner(s) of either Owner, shall make a decision in good faith and using reasonable judgment but only by selecting the entire proposal submitted by one of the Board members, and shall allocate the costs of the proceeding to one Owner or between them both, as the Arbitrator deems fair and reasonable. If the president of the Aspen Board of Realtors fails or refuses to make such appointment, or if the person so appointed fails or refuses to act, then either member of the Board shall have the right to petition the chief judge of the Pitkin County District Court to appoint such person. SECTION ELEVEN: DISPUTE RESOLUTION For all disputes arising from this Declaration which are not the result of a "Deadlock" as described in Section 10 above, and that could be raised as claims or defenses in a court of law shall be resolved through mediation and binding arbitration conducted in Aspen, Colorado by the Denver, Colorado office of the American Arbitration Association in accordance with its Real Estate Industry Arbitration Rules (including a Mediation Alternative). The foregoing is an agreement to arbitrate pursuant to the terms of the Colorado Uniform Arbitration Act, C.R.S. §§ 13 -22 -201 et seq. and may be enforced as such. The prevailing party in any such arbitration shall be entitled to receive from the non - prevailing, in addition to any other award or relief granted, an award equal to all of its reasonable expenses and fees, including attorneys' fees and costs, incurred in the course of such dispute. 15 BUS _ RE\3554903.1 SECTION TWELVE: DURATION, AMENDMENT AND TERMINATION OF THE DECLARATION 12.1 Duration. The covenants, conditions, and restrictions of this Declaration shall run with and bind the land in perpetuity unless this Declaration is terminated in accordance with Section 12.3 below. 12.2 Amendments by Owners. Except for amendments that may be executed by the Board of Directors pursuant to this Declaration, this Declaration, including the Map, may be amended only by written agreement of Owners representing one hundred percent (100 %) of the votes in the Association. An amendment to the Declaration shall be effective only on the recording of the amendment that has been signed by the requisite Owners, in the Office of the Clerk and Recorder of Pitkin County, Colorado. Signatures of Owners on the amendment shall be notarized. 12.3 Termination. The Common Interest Community may be terminated only in accordance with the requirements of the Act. The proceeds from the sale of real estate and any other assets of the Association shall be held by the Board of Directors as trustee for the Owners and holders of Security Interests on the Units as their interests may appear in accordance with the Act. SECTION THIRTEEN: PARTY WALL AGREEMENT 13.1 Creation of Party Wall. The Units share a common wall located substantially along the property line between the 1590 Silver King Drive Unit and the 1592 Silver King Drive Unit which separates the Units and constitutes the Party Wall. The rights and obligations of the Owners with regard to the Party Wall shall be governed by the provisions of this Section Thirteen. 13.2 Easement for Encroachment. Mutual reciprocal easements are hereby established, declared and granted for any encroachment of the Party Wall onto either of the 1590 Silver King Drive Unit or the 1592 Silver King Drive Unit which reciprocal easements shall be governed by this Declaration. Every deed to a Unit, whether or not expressly so stating, shall be deemed to convey and be subject to such reciprocal easements. 13.3 Maintenance and Repair. No Owner shall do any act which would cause damage to or impair the structural integrity of the Party Wall. The cost of reasonable repair to maintain the structural integrity of the Party Wall shall be shared by the Owners equally. If an Owner fails to repair or maintain the structural integrity of his /her /its portion of the Party Wall, the other Owner, may provide such defaulting Owner written notice of the failure and provide such Owner a reasonable period of time not exceeding 30 days in which to cure such default. If the defaulting Owner fails to cure the default within such time period the non - defaulting Owner may undertake such repair and for such purpose may enter upon the Unit of the defaulting Owner without liability therefor except for damage resulting from the willful misconduct of such Owner or its authorized representatives. 16 BUS RE \3554903.1 13.4 Damage by Fire or Casualty. If the Party Wall or any portion thereof is destroyed or damaged by fire or other casualty, the Owners shall restore it and they shall contribute equally to the cost of restoration thereof without prejudice, however, to the right of each Owner to call for a larger contribution from the other under any rule of law regarding liability for negligent or willful acts or omissions. The right of any Owner to contribution from any other Owner hereunder shall run with and be appurtenant to the land and shall pass to such Owner's successors in title. An Owner who by his or her negligent or willful act causes the Party Wall to be exposed to the elements shall bear the entire cost of furnishing the necessary protection against such elements. 13.5 General Rules of Law to Apply. To the extent not inconsistent with the provisions of this Declaration, the general rules of law regarding party walls and liability for property damage due to negligence or willful acts or omissions shall apply to the Party Wall and to the interpretation of this Declaration. SECTION FOURTEEN: CITY OF ASPEN LAND USE CODE REQUIREMENTS 14.1 The Common Interest Community created is a Condominium as described in the Act. 14.2 The creation of this Common interest community does not constitute a legal subdivision of land pursuant to the City of Aspen Land Use Code. The separate ownership interests do not result in the creation of separate, legal lots or parcels under the City of Aspen Land Use Code. 14.3 Any alteration, change, expansion modification of any structure in this Common Interest Community or timeshares may require the approval of the City of Aspen. 14.4 The partition of any interest in this Common Interest Community or timeshare is prohibited. By becoming part of this Common Interest Community, any right to maintain legal partition action is forever waived. In the case where a court may allows a partition action in a Common Interest Community, the interested party agrees that a partition action constitutes an evasion of the City of Aspen subdivision regulations and agrees to be bound by all provision of the City of Aspen Land Use Code relating to subdivision. SECTION FIFTEEN: GENERAL PROVISIONS 15.1 Successors and Assigns. This Declaration shall be binding on and shall inure to the benefit of the Association and each Owner, and the heirs, personal representatives, successors and assigns of each of them. 15.2 Severability. If any part of any provision of this Declaration shall be invalid or unenforceable under applicable law, the part shall be ineffective to the extent such invalidity or unenforceability only, without in any way affecting the remaining parts of the provision or the remaining provisions of this Declaration. 17 BUS RE\3554903.1 15.3 No Waiver. No provision contained in this Declaration shall be deemed to have been abrogated or waived by reason of any failure to enforce the same, irrespective of the number of violations or breaches that may occur. 15.4 Notice. All notices or demands intended to be served upon an Owner shall be in writing and sent to the address of record for real property tax assessment notices with respect to the receiving Owner's Unit, and such notice shall be deemed received (a) within the same business day when personally delivered, by courier or private service delivery; (b) ten (10) days after having been deposited in a U.S. Postal Service depository and sent by registered or certified mail, return receipt requested, with all required postage prepaid, and addressed; or (c) the next business day after deposit with Federal Express or a similar overnight courier service, with delivery charges prepaid for delivery on the next business day. 15.5 Conflict. Except where prohibited by the Act, if there is any conflict between the Project Documents and the Act, the provisions of the Project Documents shall control. 15.6 Captions. The captions and headings in this Declaration are for convenience only and shall not be considered in construing any provision of this Declaration. IN WITNESS WHEREOF, Declarant has executed this Declaration as of the notarized date given below. SILVER KING REALTY PARTNERS, LLC, a Colorado limited liability company By: Shadow Mountain Partners, Inc., a Colorado corporation as Manager By: Christopher J. Berry, President STATE OF ) ss. COUNTY OF The foregoing instrument was acknowledged before me this day of 2010 by Christopher J. Berry, President of Shadow Mountain Partners, Inc., as Manager of Silver King Realty Partners, LLC, a Colorado limited liability company. My commission expires: WITNESS my hand and official seal. Notary Public 18 BUS_RE \3554903.1 1 Lender's Consent KNOW ALL PERSONS BY THESE PRESENTS that COMMUNITY BANKS OF COLORADO, being a mortgagee of the herein described real property per the Deed of Trust recorded November 7, 2007 as Reception No. 543890, of the real estate records of Pitkin County, Colorado hereby consents to the recording of this Declaration and agrees that in the event of any foreclosure of Lender's Deed of Trust, this Declaration shall remain in effect and shall not be affected thereby. COMMUNITY BANKS OF COLORADO By: Its: STATE OF ) COUNTY OF ) the foregoing mortgagee's certificate was acknowledged before me this day of , 2010, by as of Community Banks of Colorado. My commission expires: Notary Public 19 BUS _ RE\3554903.1 ire EXHIBIT A (Legal Description) Lot 33, West Aspen Subdivision, Filing No. 2, According to the Plat thereof recorded September 4, 1968 in Plat Book 3 at Page 308. All in Pitkin County, Colorado. 20 BUS_RE \3554903.1 EXHIBIT B THE RECORDING DATA FOR RECORDED EASEMENTS, LICENSES AND OTHER MATTERS WHICH THE COMMON INTEREST COMMUNITY IS OR MAY BECOME SUBJECT TO: Right of a proprietor of a vein or lode to extract and remove his ore therefrom should the same be found to penetrate or intersect the subject property as reserved in the United States Patent recorded February 8, 1955 in Book 180 at Page 334. Easements, rights of way and other matters as set forth on the Plat of West Aspen Subdivision recorded Plat Book 3 at Page 308. Terms, conditions, obligations and provisions as contained in Annexation to the City of Aspen, Colorado Map recorded June 26, 1970 in Plat Book 4 at Page 119. Restrictions, which do not contain a forfeiture or reverter clause, (deleting any restrictions indicating any preference, limitation or discrimination based on race, color, religion, sex, handicap, familial status or national origin) as contained in the instrument recorded September 4, 1968 in Book 236 at Page 159. 21 BUS _ RE\3554903.1 • c Sara Adams From: Kathy Strickland Sent: Friday, October 22, 2010 11:04 AM To: Sara Adams Sara, here you are 10/22/10 West aspen subdivision lot 33 1590 silverking dr. bk94 page 99 574550 Kathleen Strickland City of Aspen Chief Deputy City Clerk, CMC 130 S. Galena Aspen, Colo. 81611 970 - 429 -2687 • 1