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HomeMy WebLinkAboutLand Use Case.CU.533 W Hallam St.A5-91 CASELOAD SUMMARY SHEET City of Aspen DATE RECEIVED: 1 18/91 PARCEL ID AND CASE NO. DATE COMPLETE: / a .2735 - 124 -29 -001 A5 -91 STAFF MEMBER: LL PROJECT NAME: Sweeney Accessory Dwelling Unit Project Address: 533 West Hallam, Aspen, CO 81611 Legal Address: Lots A & B.•Block 29. Aspen, CO APPLICANT: Sweeney Applicant Address: 533 West Hallam, Aspen. CO 81611 REPRESENTATIVE: C. Welton Anderson & Associates Representative Address /Phone: P.O. Box 9946 Aspen, CO 925 -4576 PAID: YES NO xAMOUNT: N.C. NO. OF OPIES RECEIVED 1 TYPE OF APPLICATION: 1 STEP: 2 STEP: P &Z Meeting Date & slI/ PUBLIC HEARING: e' NO VESTED RIGHTS: YES NO CC Meeting Date PUBLIC HEARING: YES NO VESTED RIGHTS: YES NO II11�� Planning Director Approval: Paid:'r\�1ID ad Insubstantial Amendment or Exemption: Date: REFERRALS: City Attorney Mtn Bell School District /City Engineer Parks Dept. Rocky Mtn NatGas f Housing Dir. Holy Cross State HwyDept(GW) Aspen Water Fire Marshall State HwyDept(GJ) City Electric Building Inspector ,^ Envir.Hlth. Roaring Fork �� Other fPCi Aspen Con.S.D. �� / erg y Center DATE REFERRED: - -1 C I / INITIALS: A -- FINAL ROUTING: DATE ROUTED: '7077/ ggg--- ///City Atty _ City Engineer V Zoning / _Env. Health Housing Other: /2 � FILE STATUS AND LOCATION: / ip / wY n `� 6 153-3 0 4,,11 a vv� � �- Sweeney Accessory Dwelling Unit 2735-124-29-001 A5-91 r� �33 W, A11 kA C u CASELOAD SUMMARY SHEET City of Aspen DATE RECEIVED: 1 18 91 PARCEL ID AND CASE NO. DATE COMPLETE: 2735-124-29-001 A5-91 STAFF MEMBER: LL PROJECT NAME: Sweeney Accessory Dwelling Unit Project Address: 533 West Hallam, Aspen, CO 81611 Legal Address: Lots A & B,•Block 29, Aspen, CO APPLICANT: Sweeney Applicant Address: 533 West Hallam, Aspen, CO 81611 REPRESENTATIVE: C. Welton Anderson & Associates Representative Address/Phone: P.O. Box 9946 Aspen, CO 925-4576 -------------------------------------------------------------- -------------------------------------------------------------- PAID: YES NO xAMOUNT: N.C. NO.,OF COPIES RECEIVED 1 TYPE OF APPLICATION: 1 STEP: 2 STEP: P&Z Meeting Date PUBLIC HEARING: �YE CC Meeting Date VESTED RIGHTS: YES PUBLIC HEARING: YES VESTED RIGHTS: YES Planning Director Approval: Insubstantial Amendment or Exemption: 1. 10P NOW City Attorney City Engineer Housing Dir. Aspen Water City Electric Envir.Hlth. NO NO NO NO (� Paid:11�, Ctitxl� Date: ------------------------------------ ------------------------------------ Mtn Bell School District Parks Dept. Rocky Mtn NatGas Holy Cross State HwyDept(GW) Fire Marshall State HwyDept(GJ) Building Inspector_ Roaring Fork ,' Other Apc Aspen Con.S.D. Energy Center DATE REFERRED: INITIALS: � - ------------------------------------------------------------- --------------------------------------------------------- FINAL ROUTING: DATE R UTED_ --J -INITIAL:" City Atty City Engineer Zoning Env. Health Housing Other: l FILE STATUS AND LOCATION: � NOTICE TO ADJACENT PROPERTY OWNERS RE: SWEENEY CONDITIONAL USE REVIEW FOR AN ACCESSORY DWELLING UNIT NOTICE IS HEREBY GIVEN that a public hearing will be held on Tuesday, March 5, 1991 at a meeting to begin at 4:30 pm before the Aspen Planning and Zoning Commission, 2nd Floor Meeting Room, 130 South Galena Street, Aspen, Colorado to consider an application submitted by John Sweeney requesting Conditional Use Review approval for the expansion of a detached unit to be deed restricted as an accessory dwelling unit. The remodeled accessory dwelling unit will be 682 sq. ft and is located at 533 W. Hallam Street, Lots A & B, Block 29, City and Townsite of Aspen. For further information, contact the Aspen/Pitkin Planning Office, 130 S. Galena St., Aspen, CO 920-5090. s/C. Welton Anderson, Chairman Planning and Zoning Commission TO: Aspen Planning and Zoning Commission FROM: Leslie Lamont, Planner RE: Sweeney Conditional Use for Detached Accessory Dwelling Unit DATE: March 5, 1991 SUMMARY: The applicant proposes to enlarge and deed restrict, to Resident Occupancy, an accessory outbuilding. The applicant seeks a conditional use for a detached accessory dwelling unit. APPLICANT: Welton Anderson representing John Sweeney LOCATION: 533 West Hallam Street ZONING: R-6 APPLICANT'S REQUEST: Conditional Use review for a detached accessory dwelling unit. REFERRAL COMMENTS: Please see attached referral comments from Roxanne Eflin, Historic Preservation Officer for the City of Aspen STAFF COMMENTS: Ordinance 60 amended Section 5-508 of the Land Use Code to incorporate detached accessory dwelling units. The General Provisions for accessory dwelling units, found in Section 5-508 (A), that pertain to this application are as follows: an accessory dwelling unit shall contain not less than 300 square feet and not more than 700 square feet, parking shall not be required for studio or one -bedroom units, an accessory dwelling unit shall be deed restricted to Resident Occupancy, and detached accessory dwelling units shall only be permitted on parcels that have secondary and or alley access... Ldetached pplicant proposes to deed restrict and expand an existing dwelling unit. T tructure's -3.4Q, square feet is sed to be expanded toquare feet which includes a one arage The structure is located on the alley and after the sion Vi 1 re�i}}ai��n a one-b droom uni��jj Section 5-508 (B) identifies the review standards for a detached accessory dwelling unit as follows: 1. The proposed development is compatible and subordinate in character with the primary residence located on the parcel and with development located within the neighborhood; RESPONSE: The expansion and refurbishment of this building will be similar to the Victorian -era style of the primary residence. The roof pitch, materials, windows, scale, and massing are derived from the approach used with the existing outbuilding. The mean height of the expanded outbuilding will be 16 feet. Although the total height of the detached accessory building will be 19'-4" which is greater than the height of the primary residence, the accessory structure is smaller in scale than the primary residence and the primary residence is only one story. 2. Where the proposed development varies from the dimensional requirement of the underlying Zone District, the Planning and Zoning Commission shall find that such variation is more compatible in character with the primary residence than the development in accord with the dimensional requirements. RESPONSE: Within the R-6 zone district the height of a detached accessory dwelling unit may be increased to 16 feet. According to the plans, the mean height of the structure is 16 feet. 3. The Planning and Zoning Commission and the Historic Preservation Committee may exempt existing non -conforming structures, being converted to a detached accessory dwelling unit, from Section 5-508 B. (a-g) provided that the non- conformity is not increased. RESPONSE: The applicant cannot build into the rear yard as it would increase the non -conformity of the required total setbacks for rear and front yards. For a parcel containing an accessory structure the total for front and rear yard setbacks must be 20 feet. A setback must be clear from the ground to the sky. The accessory structure is located within the rear yard thus preventing any further encroachment into the rear year setback by the accessory structure. A proposal to renovate the existing primary structure does encroach into the front yard setback. This issues needs to be reviewed by the zoning officer, however this is not problematic for the conditional use review of the accessory dwelling unit. Section 7-304 identifies the following standards for a conditional use review for an accessory dwelling unit: A. The conditional use is consistent with the purposes, goals, objectives and standards of the Aspen Area Comprehensive Plan, and with the intent of the Zone District in which it is proposed to be located; and RESPONSE: This proposal is in accordance with the goals of the Cottage Infill Program. The proposal will secure another deed restricted dwelling unit for Aspen's housing inventory. 2 B. The conditional use is consistent and compatible with the character of the immediate vicinity of the parcel proposed for development and surrounding land uses, or enhances the mixture of complimentary uses and activities in the immediate vicinity of the parcel proposed for development; and RESPONSE: The conditional use is an expansion of an existing structure. According to the application, the expansion is compatible and subordinate in character with the primary residence. The roof pitch, materials, windows, scale, and massing are derived from a similar approach as the original outbuilding. The addition will match the architecture of the existing residence and be consistent with other carriage houses in the neighborhood. Outbuildings are a distinctive characteristic of the West End. The Cottage Infill program was originally designed with this type of land use pattern in mind. C. The location, size, design and operating characteristics of the proposed conditional use minimizes adverse effects, including visual impacts, impacts on pedestrian and vehicular circulation, parking, trash, service delivery, noise, vibrations and odor on surrounding properties; and RESPONSE: There is no proposed change in the use of this alley structure. Although the proposal is to increase the height of the accessory building the applicant maintains that the expanded structure will not render visual impacts to surrounding neighbors. The original plans proposed to decrease the distance between the buildings from 5 to 3 feet. Staff was concerned that a wall was being created along the property line. The recent plans maintain the 5 foot distance between buildings, which is required by the Zoning Code. D. There are adequate public facilities and services to serve the conditional use including but not limited to roads, potable water, sewer, solid waste, parks, police, fire protection, emergency medical services, hospital and medical services, drainage systems, and schools; and RESPONSE: All the facilities exist on site. E. The applicant commits to supply affordable housing to meet the incremental need for increased employees generated by the conditional use; and RESPONSE: The application creates a deed restricted, Resident Occupied unit, thereby adding another deed restricted unit to the inventory. 3 F. The proposed conditional use complies with all additional standards imposed on it by the Aspen Area Comprehensive Plan and by all other applicable requirements of this chapter. RESPONSE: This application complies with all the standards set out in the conditional use review process. RECOMMENDATION: The Planning Office recommends that the Planning and Zoning Commission approve the conditional use with the following conditions: 1. Prior to issuance of any building permits for remodel of the accessory dwelling unit or the principal residence, the applicant shall provide a deed restriction to the Housing Authority for approval. The restriction shall state that the accessory unit meets the housing guidelines for such units, meets the definition of Resident Occupied Unit, and shall be rented for periods of six months or longer. Upon approval of the deed restriction by the Housing Authority, the applicant shall record the deed restriction with the Pitkin County Clerk, Recorders Office and Planning Department. The floor�a :distance the detached accessory dwelling not exceed uare feet, the mean height shall 16 feet and between the two buildings be decreased beyond 5 feet. 4 unit shall not exceed shall not To: Leslie Lamont, Planner From: Roxanne Eflin, Historic Preservation Officer Re: Referral comment: "Cottage Infill" Conditional Use review by P&Z - 533 W. Hallam, Sweeney Residence Date: February 25, 1991 It appears that the revised plans for the second floor addition to the Sweeney's existing outbuilding meet the Cottage Infill design standards. I feel the revisions that the architect made following our pre -application conference are very good, and meet the intent of "subordinate" and compatible in character with the parcel and the neighborhood. The south elevation of the cottage unit is greatly simplified, which is a plus in this program. The roof pitch, fenestration, openings, materials and setbacks all appear compatible. The cottage unit sits 5.5' from the rear property line, and is located the minimum 5' distance between the principal structure. (I would recommend that the applicant restudy the door opening placement between the two structures, as it appears that both doors could not open at the same time. A slight adjustment may be in order here.) The height variation to 16' at the median point creates a 191411 maximum height at the roof ridge. This is an increase of only 4' from the existing roof ridge. Even though the principal structure is a one story cottage, this increase in height poses little compatibility problem in my opinion. Mountain views might be partially blocked, however, this appears to effect only the subject parcel, not adjacent parcels. From our research in compatible roof pitches, plate heights and maximum structure heights, this proposal seems to be designed as low as it can go and still provide habitable space on the second floor. The plans indicate a remodel of the principal structure, also. Although this does not require P&Z review, nor is an issue under Conditional Use, I find that the proposal may warrant HPC review. If more than 50% demolition is occurring, then HPC review and approval is required on historic resources identified on the Inventory that have been designated or are located within a district. This parcel is eligible for landmark designation, and we recommend the applicant pursue same. It are is mor appears that both front setback problematic hei a concern from e difficult and e. The facade rE a preservation costly than a 4' and combined setback issues moval and "push out" proposal >oint of view, and may prove expansion warrants. C. Welton Anderson & Associates I Architects February 20, 1991 Leslie Lamont, Planner ASPEN/PITKIN PLANNING OFFICE 130 S. Galena Aspen, Colorado RE: CONDITIONAL USE REVIEW March 5, 1991 533 W. HALLAM, LOTS A & B BLOCK 29 Sweeney Residence Dear Leslie, This letter is to serve as an AFFIDAVIT of Public Notice to the adjacent landowners. The prepared public notices were mailed on February 19, 1991. The property was posted as required on February 20, 1991. Sincerely, Sven Erik Alstrom AIA C. WELTON ANDERSON & ASSOCIATES Planning / Architecture / Interior Design Box 9946 / Aspen , Colorado 81612 / (303) 925 - 4576 BAN 2 5 tet January 29, 1991 Welton Anderson C. Welton Anderson P. O. Box 9946 ASPEN/PITKIN PLANNING OFFICE 130 S. Galena Street Aspen, Colorado 81611 (303) 920-5090 & Associates Aspen, Colorado 81612 RE: Sweeney Conditional Use Review for an Accessory Dwelling Unit Dear Welton, This is to inform you that the Planning Office has completed its preliminary review of the captioned application. We have determined that your application is not complete. Section 7-602 requires demolition of any structure included in the Inventory of Historic Structures to be approved by the HPC. Ordinance 1 amended the definition of demolition to state that ..."a building shall be deemed to be demolished if less than 50% of the existing primary residential structure remains in place." Since the Sweeney house is listed on the Inventory, please provide information which verifies that it does not need to be reviewed by the HPC. Please submit this information by February 15th. Please also submit two (2) additional copies of the plans for referral agencies. We will need these as soon as possible. Welton, although the application is incomplete, we have scheduled if for review at a public hearing by the Aspen Planning and Zoning Commission on Tuesday, March 5, 1991 at a meeting to begin at 4:30 pm. The Friday before the meeting date, we will call to inform you that a copy of the memo pertaining to the application is available at the Planning Office. Please note that it is your responsibility to post the subject property with a sign for the public hearing and to mail notices to property owners within 300' of the subject parcel. If you have any questions please call me. Thank you. i S'ncerely, Cyr �\� Leslie Lamt}nt Planner cc: Roxanne Eflin �es�t;�., pie C. Welton Anderson & Associates i 8 Architects January 15, 1991 Leslie Lamont ASPEN/PITKIN PLANNING OFFICE 130 S. Galena Aspen, Colorado RE: Sweeney Residence, 533 W. Hallam, Lots A & B, Block 29, Aspen DEVELOPMENT APPLICATION/CONDITIONAL USE HEARING For a detached accessory dwelling unit under Ordinance No. 60, series of 1990, "Cottage Infill" Dear Leslie, This application is for the expansion of an existing non - deed restricted accessory dwelling unit, consisting of a new second floor addition and conversion of a part of the first floor to a one car garage. The accessory dwelling unit's square footage will increase from 349 square feet to 682 square feet. The conditional use hearing requested will be to review the following: 1. Deed restriction and formal recording of the existing accessory dwelling unit. 2. A variation request under the Cottage Infill Ordinance for a reduction in the minimum distance between buildings from 5 feet to 3 feet. The proposed development is compatible and subordinate in character with the primary residence. The roof pitch, materials, windows, scale, and massing are derived from a similar approach as the original Victorian outbuilding. The proposed accessory dwelling unit is on the alley and therefore does not visually impact the neighborhood. The scale of the alley addition is modest and will match the architecture of the exisitng residence and be consis- tant with other carriage houses in the neighborhood. The development plan meets the following Conditional Use Standards A through F: A. The proposal is in accord with the goals of the Cottage Infill program to provide additional resident housing. B. The proposal is a reuse of an existing compatible structure. C. There is no change in the current location, char- acter, or use of the structure. No significant Planning / Architecture / Interior Design Box 9946 / Aspen ,Colorado 81612/(303) 925-4576 pl� S C " " rl, p ' C. Welton Anderson & Associates Architects ZONING SUMMARY Sweeney Residence, 533 W. Hallam Lots A & B, Blk. 29 R-6 Zone District 6000 square foot lot area Principal Building Front Setback 12'-6" Rear Setback 29'-6" Accessory Building Rear Setback 5'-6" Current Site Coverage Principal Bldg. 1474 s.f. Access. Bldg. 407 s.f. Total 1881 s.f. (1881/6000 = 31.35%) Proposed Site Coverage Principal Bldg. 1474 s.f. Additions 262 s.f. Accessory Bldg. 407 s.f. Additions 44 s.f. Total 2187 s.f. (2187/6000 = 36.45%) Proposed F.A.R. Principal Bldg. 1474 s.f. Additions 262 s.f. 1st Flr. Access. 442 s.f. 2nd Flr. Access. 32 s.f. Total F.A.R. 2 410 . f . Allowable F.A.R. for 6000 sq. ft. lot area =1�24 s.f. Planning / Architecture / Interior Design Box 9946 / Aspen ,Colorado 81612/(303) 925-4576 Sweeney Residence January 15, 1991 page 2 visual change occurs which would adversely affect the neighborhood. No additioanl parking is required. D. All required facilities currently exist on site. E. This application creates an affordable housing unit within the guidelines of the Cottage Infill Program. F. This application complies with all Conditional Use requirements and standards. Attached is a Zoning Summary which reviews the current R-6 data for this property. If we may provide any additional information or answer any questions regarding this application please contact us. Sincerely, J1416. c`_i C. Welton Anderson, Architect attach: Zoning Summary `�•r.1 n C1.0 M �, l , --L ..__ I —:/ 1 ___ ,.• Rev ry.wn µI C lam_ --- ("�' 4 ) '�•1 � r^;r �r• i l� �p,,.� � •7 ----- _ ._-- - RaavNder d/ .:P6('111, 1�1RN,UtY I►}:Fay J %, 1 I � " N { Mw,"rn William Greenwool, w�hosrMs' rh•o-t; ae'l1r8s8 i3 204 0 r co e\; d North 5th Street, Aspen, Colorado P1611 1 . • Cl E-j ,•I rhr . Pitkin •'.k Id.J,,. wk, nanl,N�,, ent O 2 ± n ID r3 Emerson, Ltd., a Colorado limited partnership rn p W wMw�kgal a.krc•e i. 1980 East 4th Avenue, Denver, Colorado 80206--------��._..— , "Ilh• Ci y and (,Wn,t„1 Denver st.lr ,-1 (". dlxaJ• . panhcrM N'ITNE�SFTH,Thr,heprlino.1.f,rarxlinc••n.iJrnhr.t"I'I(,wnur Three Hundred Eighty -Nine Thousand and no/Ion ($389,000.00) Ream and wfnciea) ul-:-h hcrrhy mk—jet;erd, ha rlm.•,I h.___.___•._______________" IN t11. 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Ret. }lIS er,r7U wctilc+�tt hltu x..mmn.a.n., ..el. •,I. a,..t�..,a urw.•u ,a r, nt�„r P 'o m4mdrL.,,Ij:i . y son w oft - 0 ■■■�rI■■■■om --- - - s- r,-: = - - . • 4§§ 1 • • ISSUED BY S T ]E`VART TITLE GUARANTY COMPANY SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS CONTAINED IN SCHEDULE B AND THE PROVISIONS OF THE CONDITIONS AND STIPULATIONS HEREOF, STEWART TITLE GUARANTY COMPANY, a corporation of Galveston, Texas, herein called the Company, insures, as of Date of Policy shown in Schedule A, against loss or damage, not exceeding the amount of insurance stated in Schedule A, and costs, attorneys' fees and expenses which the Company may become obligated to pay hereunder, sustained or incurred by the insured by reason of: 1. Title to the estate or interest described in Schedule A being vested otherwise than as stated therein; 2. Any defect in or lien or encumbrance on such title; 3. Lack of a right of access to and from the land; or 4. Unmarketability of such title IN WITNESS WHEREOF, Stewart Title Guaranty Company has caused this policy to be signed and sealed by its duly authorized officers as of Date of Policy shown in Schedule A. Chairman of the Board Countersigned: 7 A tl� 7 ZZ— � �, 4 0, —, I Authorized Countersignature STENVAIZT TITLE GUARANTY COMPANY Q � LpBPORgT '•. �t a �•• 1 9 0 8 ;'o � rmpinnl EMENYMM"We'All i EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of this policy: 1. Any law, ordinance or governmental regulation (including but not limited to building and zoning ordinances) restricting or regulating or prohibiting the occupancy, use or enjoyment of the land, or regulating the character, dimensions or location of any improvement now or hereafter erected on the land, or prohibiting a separation in ownership or a reduction in the dimensions or area of the land, or the effect of any violation of any such law, ordinance or governmental regulation. 2. Rights of eminent domain or governmental rights of police power unless notice of the exercise of such rights appears in the public records at Date of Policy. 3. Defects, liens, encumbrances, adverse claims, or other matters (a) created, suffered, assumed or agreed to by the insured claimant, (b) not known to the Company and not shown by the public records but known to the insured claimant either at Date of Policy or at the date such claimant acquired an estate or interest insured by this policy and not disclosed in writing by the insured claimant to the Company prior to the date such insured claimant became an insured hereunder; Ic) resulting in no loss or damage to the insured claimant; (d) attaching or created subsequent to Date of Policy; or (e) resulting in loss or damage which would not have been sustained if the insured claimant had paid value for the estate or interest insured by this policy. -47 SOM 5-84 \ ` CONDITIONS AND STIPULATIONS 1. bEFINITION OF TERMS Tile following terms when used in this policy mean: (a) "insured": the insured named in Schedule A, and, subject to any rights or defenses the Company may have against the named insured, those who succeed to the interest of such insured by operation of law as distinguished from purchase including, but not limited to, heirs, dis- tributees, devisees, survivors, personal representatives, next of kin, or corporate or fiduciary successors. (b) "insured claimant": an insured claiming loss or damage hereunder. (c) "knowledge": actual knowledge, not constructive knowledge or notice which may be imputed to an insured by reason of any public records. (d) "land": the land described, specifically or by reference in Schedule A, and improvements affixed thereto which by law constitute real property; provided, however, the term "land" does not include any property beyond the lines of the area specifically described or referred to in Schedule A, nor any right, title, interest, estate or easement in abutting streets, roads, avenues, alleys, lanes, ways or waterways, but nothing herein shall modify or limit the extent to which a right of access to and from the land is insured by this policy. (e) "mortgage": mortgage, deed of trust, trust deed, or other security instrument. (f) "public records those records which by law impart constructive notice of matters relating to said land. 2. CONTINUATION OF INSURANCE AFTER CON- VEYANCE OF TITLE The coverage of this policy shall continue in force as of Date of Policy in favor of an insured so long as such insured retains an estate or interest in the land, or holds an indebtedness secured by a purchase money mortgage given by a purchaser from such insured, or so long as such insured shall have liability by reason of covenants of warranty made by such insured in any transfer or conveyance of such estate or interest; provided, however, this policy shall not continue in force in favor of any purchaser from such insured of either said estate or interest or the indebtedness secured by a purchase money mortgage given to such insured. DEFENSE AND PROSECUTION OF ACTIONS — NOTICE OF CLAIM TO BE GIVEN BY AN INSURED CLAIMANT (a) The Company, at its own cost and without undue delay, shall provide for the defense of an insured in all litigation consisting of actions or proceedings commenced against such insured, or a defense interposed against an insured in an action to enforce a contract for a sale of its estate or interest in said land, to the extent that such litigation is founded upon an alleged defect, lien, encumbrance, or other matter insured against by this policy. (b) The insured shall notify the Company promptly in writing (i) in case any action or proceeding is begun or defense is interposed as set forth in (a) above, (ii) in case knowledge shall come to an insured hereunder of any claim of title or interest which is adverse to the title to the estate or interest as insure d which might cause loss or damage for which the Company may be liable by virtue of this policy or, (iii) if title to the estate or interest, as insured, is rejected as unmarketable. If such prompt notice shall not be given to the Company, then as to such insured all liability of the Company shall cease and terminate in regard to the matter or matters for which such prompt notice is required; provided, however, that failure to notify shall in no case prejudice the rights of any such insured under this policy unless the Company shall be prejudiced by such failure and then only to the extent of such prejudice. (c) The Company shall have the right at its own cost tc institute and without undue delay prosecute any action or proceeding or to do any other act which in its opinion may be necessary or desirable to establish the title to the estate or interest as insured, and the Company may take any appropriate action under the terms of this policy, whether or not it shall be liable thereunder, and shall not thereby concede liability or waive any provision of this policy. (d) Whenever the Company shall have brought any action or interposed a defense as required or permitted by the provisions of this policy, the Company may pursue any such litigation to final determination by a court of competent jurisdiction and expressly reserves the right, in its sole discretion, to appeal from any adverse judgment or order. (e) In all cases where this policy permits or requires the Company to prosecute or provide for the defense of any action or proceeding, the insured hereunder shall secure to the Company the right to so prosecute or provide defense in such action or proceeding, and all appeals therein, and permit the Company to use, at its option, the name of such insured for such purpose. Whenever requested by the Company, such insured shall give the Company all reasonable aid in any such action or proceeding, in effecting settlement, securing evidence, obtaining witnesses, or pros- ecuting or defending such action or proceeding, and the Company shall reimburse such insured for any expense so incurred. 4. NOTICE OF LOSS — LIMITATION OF ACTION In addition to the notices required under paragraph 3(b) of these Conditions and Stipulations, a statement in writing of any loss or damage for which it is claimed the Company is liabie under this policy shall be furnished to the Company within 90 days after such loss or damage shall have been determined and no right of action shall accrue to an insured claimant until 30 days after such statement shall have been furnished. Failure to furnish such statement of loss or damage shall terminate any liability of the Company under this policy as to such loss or damage. 5. OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS The Company shall have the option to pay or otherwise settle for or in the name of an insured claimant any claim insured against or to terminate all liability and obligations of the Company hereunder by paying or tendering payment of the amount of insurance under this policy together with any costs, attorneys' fees and expenses incurred up to the time of such payment or tender of payment, by the insured claimant and authorized by the Company. (continued and concluded on last page of this policy) CONDITIONS AND STIPULATIONS Continued (continued and concluded from reverse side of Policy Face) 6. DETERMINATION AND PAYMENT OF LOSS (a) The liability of the Company under this policy shall in no case exceed the least of: ( i) the actual loss of the insured claimant; or (ii) the amount of insurance stated in Schedule A. (b) The Company will pay, in addition to any loss insured against by this policy, all costs imposed upon an insured in litigation carried on by the Company for such insured, and all costs, attorneys' fees and expenses in litigation carried on by such insured with the written authorization of the Company. (c) When liability has been definitely fixed in accord- ance with the conditions of this policy, the loss or damage shall be payable within 30 days thereafter. 7. LIMITATION OF LIABILITY No claim shall arise or be maintainable under this policy (a) if the Company, after having received notice of an alleged defect, lien or encumbrance insured against hereunder, by litigation or otherwise, removes such defect, lien or encumbrance or establishes the title, as insured, within a reasonable time after receipt of such notice; (b) in the event of litigation until there has been a final determination by a court of competent jurisdiction, and disposition of all appeals therefrom, adverse to the title, as insured, as provided in paragraph 3 hereof; or (c) for liability voluntarily assumed by an insured in settling any claim or suit without prior written consent of the Com- pany. 8. REDUCTION OF LIABILITY All payments under this policy, except payments made for costs, attorneys' fees and expenses, shall reduce the amount of the insurance pro tanto. No payment shall be made without producing this policy for endorsement of such payment unless the policy be lost or destroyed, in which case proof of such loss or destruction shall be furnished to the satisfaction of the Company. 9. LIABILITY NONCUMULATIVE It is expressly understood that the amount of insurance under this policy shall be reduced by any amount the Company may pay under any policy insuring either (a) a mortgage shown or referred to in Schedule B hereof which is a lien on the estate or interest covered by this policy, or (b) a mortgage hereafter executed by an insured which is a charge or lien on the estate or interest described or referred to in Schedule A, and the amount so paid shall be deemed a payment under this policy. The Company shall have the option to apply to the payment of any such mortgages any amount that otherwise would be payable hereunder to the insured owner of the estate or interest covered by this policy and the amount so paid shall be deemed a payment under this policy to said insured owner. 10. APPORTIONMENT If the land described in Schedule A consists of two or more parcels which are not used as a single site, and a loss is established affecting one or more of said parcels but not all, the loss shall be computed and settled on a pro rata basis as if the amount of insurance under this policy was divided pro rata as to the value on Date of Policy of each separate parcel to the whole, exclusive of any improvements made subsequent to Date of Policy, unless a liability or value has otherwise been agreed upon as to each such parcel by the Company and the insured at the time of the issuance of this policy and shown by an express statement herein or by an endorsement attached hereto. 11. SUBROGATION UPON PAYMENT OR SETTLE- MENT Whenever the Company shall have settled a claim under this policy, all right of subrogation shall vest in the Company unaffected by any act of the insured claimant. The Company shall be subrogated to and be entitled to all rights and remedies which such insured claimant would have had against any person or property in respect to such claim had this policy not been issued, and if requested by the Company, such insured claimant shall transfer to the Company all rights and remedies against any person or property necessary in order to perfect such right of subrogation and shall permit the Company to use the name of such insured claimant in any transaction or litigation involving such rights or remedies. If the payment does not cover the loss of such insured claimant, the Company shall be subrogated to such rights and remedies in the proportion which said payment bears to the amount of said loss. If loss should result from any act of such insured claimant, such act shall not void this policy, but the Company, in that event, shall be required to pay only that part of any losses insured against hereunder which shall exceed the amount, if any, lost to the Company by reason of the impairment of the right of subrogation. 12. LIABILITY LIMITED TO THIS POLICY This instrument together with all endorsements and other instruments, if any, attached hereto by the Company is the entire policy and contract between the insured and the Company. Any claim of loss or damage, whether or not based on negligence, and which arises out of the status of the title to the estate or interest covered hereby or any action asserting such clairn, shall be restricted to the provisions and conditions and stipulations of this policy. No amendment of or endorsement to this policy can be made except by writing endorsed hereon or attached hereto signed by either the President, a Vice President, the Secretary, an Assistant Secretary, or validating officer or authorized signatory of the Company. 13. NOTICES, WHERE SENT All notices required to be given the Company and any statement in writing required to be furnished the Company shall be addressed to it at its main office, P. 0. Box 2029, Houston, Texas 77252. 14. The premium specified in Schedule A is the entire. charge for acceptance of risk. It includes charges for title search and examination if same is customary or required to be shown in the state in which the policy is issued. Valid Only If Schedules A and B are Attached. _% 11, 1'; `VA 111k T T I T I.1 ALTA OWNER'S POLICY —Amended 1 0/ 1 7/ PD ' 1114' SCHEDULE A Order No.: 14881 Policy No.: 0 9902 145771 Date of Policy: March 17, 1987 At. 3:41 PM Amount of Insurance: $ 389,000.00 1. Name of Insured: EMi�.SON, T,TD. 2. The estate or interest in the land described herein and which is covered by this policy is: P*EE, S IMPT E 3. The estate or interest referred to herein is at Date of Policy vested in: EIMEPSON . I,Tf). 4. The land referred to in this policy is described as follows: tots A rind B, Bloc-k 29 CITY AND TOWNS ITE Or ?1SPE14 Cotinty of Pit;kin St.at;.e of Colorado 0 AUTHORIZED COUNTERSIGNATURE Stewart Title of Aspen, Inc. 502 E. Hyman Aspen, Co 81611 303-925-3577 STEWART TITLE. GUARANTY COMPANY ORDr:R 140.: 14881 SCHEDULE B Policy No.: 0 9902 145771 This policy does not insure against loss or damage by reason of the following: 1. Rights or claims of parties in possession not shown by the public records. 2. Easements, or claims of easements, not shown by the public records. 3. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, and any facts which a correct survey and inspection of the premises would disclose and which are not shown by the public records. 4. Any lien, or right to a lien, for services, labor or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 5. Any and all unpaid taxes and assessments and any unredeemed tax sales. 6. The effect of inclusions to any general or specific water conservancy, fire protection, soil conservation or other district or inclusion in any water service or street improvemer►L area. 7. ExcepLions and Mineral Reservations as contained in Patent to Aspen 77ownsite recorded March 1, 1897 in Book 139 at Page 216 as Reception No. 6O356. 0 STEVVkRT TITLE 1613 (20M 3-85) Page GUARANTY COMPANY Fo v n+ � I � ' `• 46. ' 'i UL guc.HAQo%" ' S 75 0 �o 1 m O C L,iGHT POST 'f .Y J Q O A 9 rJ 0 \ 153 P���VSC v I L r i � 0 Q 1 9 �• v • ll.i, a IC / i . 12.9 , rL, o i Ay k/ Al 10 3 k z 1 lac. 1.3 Z37` S eT 4I/ o/ a. L. pNc A,1 vLCc Ov' �' THc uti��et `• 1� r zdc Ls 14111 -THC GtzoQ+'j �v S NOwr S-j Vo �EScR Li*r�' GorJ Ft /v1� ti1T5, L W • U IC u ow r.3 COQ 1\n A r.i ►+ c -70 T 1-k C S Z)A-Teh T StGNn'