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ORDINANCE
Janice K. Vos Caudill, Pitkin County, CO
ORDINANCE NO. 19,
(SERIES OF 2011)
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO,
APPROVING FINAL PLANNED UNIT DEVELOPMENT (PUD) AND SUBDIVISION
FOR THE DEVELOPMENT OF SUB -GRADE PARKING, TWELVE FREE MARKET
RESIDENTIAL MULTI - FAMILY UNITS, AND FOURTEEN AFFORDABLE HOUSING
UNITS FOR THE PROPERTY LOCATED AT 404 PARK CIRCLE AND 414 PARK
AVENUE, LEGALLY DESCRIBED AS LOT 3 AND 5, SUNNY PARK SUBDIVISION,
CITY OF ASPEN, PITKIN COUNTY, COLORADO.
Parcel ID: 2737- 074 -04 -705 and 2737 - 0741 -04 -701
WHEREAS, the Community Development Department received an application from
PFG AspenWalk, LLC and the Aspen Pitkin County Housing Authority, as co- applicants,
represented by Stan Clauson of Stan Clauson Associates, Inc., requesting approval of a
Conceptual Development Plan for a Planned Unit Development (PUD); and,
WHEREAS, the property is zoned Residential Multi - Family (RMF) with a PUD
Overlay; and,
WHEREAS, on August 11, 2008, the City Council at a public hearing, reviewed the land
use application which included fourteen (14) market rate dwelling units and twenty -four (24)
affordable housing units and continued the hearing to August 25, 2008, and again to September
29, 2008; and,
WHEREAS, prior to the September 29 hearing date, federal felony charges were filed
against Mr. Thomas Petters and Mr. James Wehmhoff who had an ownership interest in PFG
AspenWalk, LLC creating concern over potential financial and legal risks associated with the
project; and,
WHEREAS, after the September 29 hearing the Applicant presented an amended
application which included fourteen (14) market rate dwelling units and eighteen (18) affordable
housing units and requesting a variation of the allowable Floor Area Ratio to 1.28:1; and,
WHEREAS, the September 29 hearing was continued to October 14 and then to
October 27 and, ,
WHEREAS, at the October 27 hearing City Council considered the amended proposal
and approved Resolution Number 74, Series of 20008 by a four to zero (4 -0) vote granting
Conceptual Planned Unit Development approval with conditions; and,
WHEREAS, on September 28, 2009, the Community Development Department received
an application from PFG AspenWalk, LLC and the Aspen Pitkin County Housing Authority, as
co- applicants, requesting a one year extension of the Conceptual PUD approval; and,
Ordinance No 19, Series 2011
AspenWalk PUD /Subdivision
Page 1 of 14
WHEREAS, pursuant to Section 26.445.030.D., Limitations, of the Land Use Code,
Conceptual PUD approval may be extended by City Council, "at its sole discretion and for good
cause shown;" and,
WHEREAS, on October 13, 2009, the City Council approved Resolution No. 84, Series
of 2009, granting a one year extension of Conceptual PUD approval to expire on October 28,
2010; and,
WHEREAS, on October 13, 2010, the Community Development Department received
an application from PFG AspenWalk, LLC, and the Aspen Pitkin County Housing Authority, as
co- applicants, represented by Stan Clauson of Stan Clauson Associates, Inc., requesting approval
of Growth Management review for the demolition of free market multi - family units, the
demolition of deed restricted affordable housing units, Growth Management for the development
of affordable housing, Residential Design Standard variances, and Subdivision and Final PUD to
merge two lots into one lot to be redeveloped with two detached multi - family structures
containing fourteen (14) market rate dwelling units in one building and seventeen (17) affordable
housing units, with a shared below grade parking area; and,
WHEREAS, at the May 3, 2011 meeting of the Planning and Zoning Commission,
continued from February 15, 2011, March 15, 2011, April 5, 2011, and April 19, 2011, the
Planning and Zoning Commission approved Resolution No. 8, Series of 2011, by a four to two (4 —
2) vote recommending approval of Subdivision and Final PUD to City Council with conditions;
and,
WHEREAS, at the May 3, 2011 meeting of the Planning and Zoning Commission, the
Planning and Zoning Commission approved Resolution No. 9, Series of 2011, by a four to two (4 —
2) vote approving seventeen (17) Growth Management Allotments for the development of
affordable housing, Growth Management review for the demolition of multi - family residential
units, Growth Management review for the demolition of affordable housing units, and Residential
Design Standard variances; and,
WHEREAS, at the September 12, 2011 meeting of the City Council the Applicant
presented an amended application which included twelve (12) market rate dwelling units and
fourteen (14) affordable housing units and three separate buildings; and,
WHEREAS, pursuant to Section 26.445, the City Council may approve a Final PUD,
during a duly noticed public hearing after considering a recommendation from the Planning and
Zoning Commission made at a duly noticed public hearing, comments from the general public, a
recommendation from the Community Development Director, and recommendations from
relevant referral agencies; and,
WHEREAS, pursuant to Section 26.480, the City Council may approve a Subdivision,
during a duly noticed public hearing after considering a recommendation from the Planning and
Zoning Commission made at a duly noticed public hearing, comments from the general public, a
Ordinance No 19, Series 2011
AspenWalk PUD /Subdivision
Page 2 of 14
recommendation from the Community Development Director, and recommendations from
relevant referral agencies; and,
WHEREAS, City Council's Conceptual PUD approval (Resolution No. 74, Series of
2008) was conditioned as follows: "Prior to the issuance of Final PUD approval by the City
Council, the applicant shall demonstrate to the satisfaction of the City: (1) the elimination of
Thomas J. Petters and James Whemoff from any project ownership or involvement; and (2) the
project is in no way subject to any closing liability or other legal or financial risks arising from
the foregoing concerns over potential financial and legal risks associated with the project "; and,
WHEREAS, the Applicant has satisfied the condition, described in the preceding
paragraph, by demonstrating to the satisfaction of the City Attorney (as evidenced by an Order of
the United States District Court for the District of Minnesota authorizing the Receiver to
abandon the interests in PFG AspenWalk, LLC (September 22, 2010 - Case No. 08 -5348) that
the court appointed Receiver of the assets of Petters Real Estate Group, LLC ( "PRG ") did
abandon any and all membership interests PRG might have had in PFG AspenWalk, LLC, and
PRG did resign as manager of PFG AspenWalk, LLC; and,
WHEREAS, City Council's Conceptual PUD approval (Resolution No. 74, Series of
2008) was conditioned as follows: "Prior to issuance of Final PUD approval by the City Council,
the Applicant shall provide evidence to the satisfaction of the City Attorney of the availability of
sufficient financing to pay the total cost and completion of the project. Prior to issuance of any
building permits and closing of the 414 Park Circle land purchase, Applicant shall provide
evidence that sufficient financing is in place to pay the total cost and completion of the project.
This may include, but is not limited to, a financing commitment, a general contract, letters of
credit, escrow money or completion bonds, as determined by the City Attorney in his sole
discretion"; and,
WHEREAS, Pitkin County District Court has appointed Cordes & Company to be the
receiver of PFG AspenWalk's assets. Under the Court Order, the receiver is authorized to
represent PFG AspenWalk LLC in the continuation of the Final PUD application and the
Applicant's ability to finalize and record the Final PUD /Subdivision Plat shall be subject to the
approval of the Pitkin County District Court; and,
WHEREAS, the Community Development Department received referral comments from
the Aspen Consolidated Sanitation District, City Engineering, Building Department, Parking
Department, Transportation Department, Utilities Department, Fire Protection District,
Environmental Health Department, Canary Initiative and Parks Department as a result of the
Development Review Committee meeting; and,
WHEREAS, upon initial review of the application and the applicable code standards, the
Community Development Department recommended the Applicant amend the proposal to better
comply with the requirements of a Planned Unit Development (PUD); and,
Ordinance No 19, Series 2011
AspenWalk PUD /Subdivision
Page 3 of 14
WHEREAS, the Applicant made numerous changes to the proposal as submitted,
including two complete redesigns of the building architecture and materials, relocation and
elimination of elevators, increased landscaping in the direction of the Midland Park Townhomes,
additional street - facing entrances, patios for some of the garden -level affordable housing units,
and reduction of floor area; and,
WHEREAS, the City Council finds that the development proposal meets or exceeds all
applicable development standards and that the approval of the development proposal, with
conditions, is consistent with the goals and elements of the Aspen Area Community Plan; and,
WHEREAS, the City Council finds that this Ordinance furthers and is necessary for the
promotion of public health, safety, and welfare.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ASPEN AS FOLLOWS:
Section 1:
Pursuant to the procedures and standards set forth in Title 26 of the Aspen Municipal Code, the
City Council hereby approves a Final Planned Unit Development (PUD) and Subdivision subject
to the conditions described herein.
Section 2: Subdivision/PUD Plat and Agreement
The Applicant shall record a Subdivision/PUD agreement (hereinafter "Agreement ") that meets
the requirements of the Land Use Code within 180 days of approval. The 180 days shall
commence upon the granting of Final PUD approval by City Council. A final PUD /Subdivision
Plat shall be recorded in the Pitkin County Clerk and Recorder's Office within 180 days of the
final PUD approval and shall include the following:
a. A final plat meeting the requirements of the City Engineer.
b. An illustrative site plan of the project showing the proposed improvements, parking, and
dimensional requirements as approved.
c. A detailed landscaping plan.
d. A drawing representing the project's architectural character, including building
elevations.
e. A final grading and drainage plan meeting all requirements of the City Engineer. The
Applicant shall receive Engineering Department approval for their drainage plan prior to
Engineering Department sign -off on the Final Plat.
f. A final utility and public facilities plan.
g. An easement for the public sidewalk where it crosses the subject property.
The final plat shall depict the newly created Lot 1 of the AspenWalk Subdivision/PUD which
replaces Lot 3 and Lot 5 of the Sunny Park Subdivision.
The Applicant shall condominiumize the units after substantial completion of the project. The
condominium plat(s) shall be reviewed administratively. The Subdivision/PUD Agreement shall
require recordation of a condominium plat prior to issuance of a Certificate of Occupancy.
Ordinance No 19, Series 2011
AspenWalk PUD /Subdivision
Page 4 of 14
Section 3: Homeowners Association
Before any units within the project approved by this Ordinance are conveyed to any third party,
Applicant shall record condominium declarations in substantial compliance with the
"Condominium Declaration of AspenWalk" submitted to the City Council as Exhibit Z.3 to the
October 24, 2011, Community Development Department memorandum. Prior to the recordation
of the declarations, Applicant shall submit the declarations to the City Attorney who shall have
an opportunity to review them for substantial compliance with the requirements set forth above.
Any future amendments to the declarations shall be reviewed and approved by the City Attorney
beforehand.
Section 4: Dimensional Requirements
The approved dimensional requirements are as follows in Table 1:
Table 1: Dimensional requirements:
FINAL PUD
Dimensional Requirements
minimum lot size 32,774 sq. ft.
minimum lot area n/a
per dwelling unit
26 units in total
maximum 12 free market 14 affordable
allowable density residential units housing units
minimum lot as per PUD plat
width
minimum front 5 ft
yard setback
minimum
alternate front 5 ft.
yard setback
minimum side 5 ft
yard setback
minimum rear 5 ft.
yard setback
43 ft. 9 in. height variation at the northwest
maximum height facade of the affordable housing building.
Refer to Exhibit B of the Ordinance for
a. .roved elevation for buildin. height.
allowable floor (about 1.18:1) 38,558.2 sq. ft.
area ratio
Ordinance No 19, Series 2011
AspenWalk PUD /Subdivision
Page 5 of 14
minimum off- 47 spaces:
street parking 26 spaces for free market residential units;
spaces 21 spaces for the affordable housing units
Section 5: Financial Assurances
Before the Applicant is issued any type of Building Permit, the Applicant shall provide the
following:
a. Cost Estimates. Applicant's General Contractor shall cause to be prepared, and
certified as correct, cost estimates for all improvements or development for which a
Building Permit is required. The cost estimates for the Public Improvements shall be
reviewed and approved by the City Engineer. The cost estimates for the
implementation and maintenance of the Landscape Plan shall be reviewed and
approved by the Parks Department. The cost estimates for all other improvements and
development in the Subdivision or within the PUD shall be reviewed and approved by
the Building Department. Cost estimates for the Landscape Plan and the Public
Improvements shall be shown separately from the cost estimates for all other
improvements and development of the Project. Owner shall be responsible for the
implementation and maintenance of the Landscape Plan and construction and
installation of all Public Improvements required by this Ordinance.
b. Public Improvements and Landscaping Guarantees. Pursuant to and in
conformance with the requirements of Section 26.480.070(C) & (D) and Section
26.445.070 (C)(3) '& (4) of the Aspen Municipal Code; and, in order to secure the
performance of the obligations of the Applicant to implement and maintain the
Landscape Plan and to ensure the installation of the Public Improvements, Applicant
shall provide a guarantee of no less than one hundred and twenty five percent (125 %)
of the estimated cost of such Landscape Plan and Public Improvements, as
determined in subsection (a), above. The guarantee to implement and maintain the
Landscape Plan and to complete Public Improvements shall be made by depositing
with the City an irrevocable letter of credit with provisions as hereinafter set forth.
The irrevocable letter of credit shall be retained by the City until satisfaction of
Applicant's obligations under this Section or earlier released by the City. The letter of
credit shall be issued by a financial institution doing business in Aspen, Colorado, or
such other bank as shall be approved by the City; shall have an expiration date no
earlier than two years after its date of issue; and shall provide that it may be drawn
upon from time to time by the City in such amount or amounts as the. City may
designate as justified, such amounts not to exceed, in the aggregate, the amount of the
letter of credit. Draws under any such letter of credit shall be by a certificate signed
by the City Manager of the City of Aspen, or his designee, stating that the City is
entitled to draw the specified amount under the terms of this Section.
c. Other Improvements and Development. With respect to all other
improvements or development within the Project, the Applicant shall provide
Ordinance No 19, Series 2011
AspenWalk PUD /Subdivision
Page 6 of 14
evidence satisfactory to the Community Development Department and the City
Attorney's Office that the Applicant has in place sufficient financing to accomplish
and complete all the development for which a Building Permit is sought. Such
financing may include, without limitation, a construction loan from an institutional
lender or lenders and equity capital investments from the Applicant or third party
investors. The City Attorney shall have sole discretion in determining if the proposed
financing as advanced by the Applicant is sufficient to complete the development
activity for which a Building Permit is sought.
d. Financial Assurances for Completion of the Project. The Applicant further
commits and agrees that before any Building Permit (including demolition,
access /infrastructure, and/or site preparation permits) is issued for the AspenWalk
development approved by this Ordinance, the Applicant shall provide to the City
Building Department and the City Attorney for review and approval a copy of a
Performance Bond issued or committed to be issued to the Applicant's General
Contractor by an institutional surety company pursuant to which the surety agrees to
provide the funds necessary to complete the construction of the improvements
covered by the Building Permit, and all public improvements required under the
Subdivision/PUD Agreement. The Performance Bond shall name the Applicant and
the City of Aspen as additional beneficiaries or insureds thereunder to grant to either
or both of them a direct right of action under the Performance Bond in order to
construct or finish public improvements, and to complete the construction of the
improvements covered by the Building Permit.
Section 6: Joint Development Agreement
The Applicant shall provide a copy of the Joint Development Agreement with the Aspen Pitkin
County Housing Authority and PFG AspenWalk, LLC to the City Attorney prior to submittal of
any Building Permit (including demolition, access /infrastructure, and/or site preparation permits)
application.
Section 7: Affordable Housing
a. The Applicant proposes 14 onsite deed restricted for -sale housing units, 25 bedrooms,
and 12,031 square feet of net livable area with a mix of six Category 3 and eight
Category 4 units meeting the mitigation requirements for the 100% replacement of the
existing 14 free market units, as shown in Table 2. The affordable housing units shall be
sold in accordance with the Aspen Pitkin County Housing Authority Guidelines. Any
changes to the proposed Categories shall meet the Aspen Pitkin County Housing
Authority Guidelines.
Ordinance No 19, Series 2011
AspenWalk PUD /Subdivision
Page 7 of 14
Table 2: Approved affordable housing units
Net livable
Unit Type Quantity Bedrooms Category proposed (sq.
ft.)
A 1 3 4 1,213
B 3 2 2 @Cat.3 960
1 a Cat 4
C 1 2 4 956
D 3 2 4 960
E 2 2 4 956
F 2 studio 3 560
G 2 studio 3 535
Totals 14 25 12,031
b. Pursuant to City Council Ordinance Number 14 (Series of 2011), which allows a
variation of the amount that an affordable housing unit is below grade, the net livable
area of the partially sub -grade "garden level" affordable housing units is approved as
presented and attached as Exhibit C to the Ordinance.
c. In order to meet the mitigation requirements of the existing onsite affordable housing, the
provision of affordable housing shall be such as to provide affordable housing credits
equivalent to 17.5 Full Time Equivalents (FTEs) to mitigate for the existing affordable
housing units to be demolished. Affordable housing credits equivalent to 17.5 FTEs shall
be extinguished according to Section 26.540 of the Aspen Municipal Code prior to the
issuance of a Demolition Building Permit for the project. A bond or letter of credit may
be submitted to the City equal to the cash in lieu payment for the 17.5 FTEs for Category
1, as listed in the Aspen Pitkin County Housing Authority Guidelines, calculated at the
time of building permit submittal. The bond or letter of credit is subject to approval by
the City Attorney and shall be held by the City until affordable housing credits equivalent
to 17.5 FTEs are extinguished. The credits shall be extinguished prior to issuance of a
Certificate of Occupancy for the free market units. Any change to the requirement to
extinguish affordable housing credits as mitigation for the demolished affordable housing
units requires review pursuant to Chapter 26.470, Growth Management Quota System, of
the Aspen Municipal Code prior to the issuance of a Certificate of Occupancy for the free
market units.
d. The Applicant shall record a deed restriction on each of the fourteen (14) affordable
housing units in conjunction with filing a condominium plat for the property and prior to
issuance of a Certificate of Occupancy for the affordable housing units. The Certificate
of Occupancy for the affordable housing units shall be issued prior to or at the same time as
the Certificate of Occupancy for the free market multi - family units.
Section 8: Smuggler Mountain Apartment Tenants
The Applicant acknowledges that the adoption of this Ordinance by the City Council is
specifically conditioned upon the Aspen Pitkin County Housing Authority's representations that
it will provide certain protections and assurances to any tenants that are displaced or affected by
Ordinance No 19, Series 2011
AspenWalk PUD /Subdivision
Page 8 of 14
the redevelopment of the subject property. Accordingly, Applicant agrees to substantially
comply with the terms of the "Agreement for the displaced tenants from Smuggler Mountain
Apartments" appended as Exhibit Z.6 to the Community Development Department
Memorandum to the Aspen City Council dated January 23, 2012. The method and procedures
for protecting displaced or affected tenants may only be amended with the prior written consent
of the Aspen City Council.
Section 9: Building Permit
Soils disturbance in the 414 site is regulated per the Smuggler Mountain Super Fund site.
Appropriate measures will be required to manage this portion of the work for the proposed
development. The project shall be subject to the Building Code in place at the time of Building
Permit submittal.
The project shall be subject to Aspen Municipal Code Chapter 26.575, Miscellaneous
Supplemental Regulations adopted pursuant to City Council Ordinance numbered 27 (Series of
2010) on January 10, 2011. Changes subsequent to issuance of a Certificate of Occupancy shall
be subject to the Code in place at the time of proposed changes.
A copy of the Development Order issued by the Community Development Department (see
Section 26.304.075(A)(2), City of Aspen Municipal Code.) and a copy of the final City Council
Ordinance and P &Z Resolution shall be submitted with the building permit application. The
conditions of approval shall be printed on the cover page of the Building Permit set.
Section 10: Engineering
The Applicant's design shall be compliant with all sections of the City of Aspen Municipal
Code, Title 21, Title 28 and all construction and excavation standards published by the
Engineering Department. A construction management plan must be submitted in conjunction
with the building permit application. A completed drainage report/plan as outlined in the Urban
Runoff Management Plan shall be submitted and approved prior to Building Permit issuance.
An encroachment license is required for the seating wall located in the City's Right of Way. The
property owner is responsible for the maintenance and upkeep of the seating wall. Failure to
meet the standards in Title 21 and Title 28 may result in a physical change to the project and
possible review by City Council and /or Planning and Zoning to amend the PUD.
Park Avenue/Park Circle Intersection Alignment
Applicant agrees to pay their proportionate share of the improvements to the Park Avenue and
Park Circle intersection and roadway alignment. The prorata share shall be further defined in the
PUD/ Subdivision Agreement but generally will be based upon linear feet of frontage along Park
Circle and Park Avenue as compared to the total amount of property frontage along the streets of
the affected intersection.
Section 11: Parks
Landscaping in the public right of way (ROW) shall be subject to landscaping in the ROW
requirements, Aspen Municipal Code Chapter 21.20. All plantings within the City ROW must be
approved by the City Parks Department prior to installation.
Ordinance No 19, Series 2011
AspenWalk PUD /Subdivision
Page 9 of 14
An approved tree removal permit shall be required before any Building Permit (including
demolition, access /infrastructure, and/or site preparation permits) is issued. Mitigation for
removals shall be paid cash in lieu or on site. The Building Permit shall be compliant with
Aspen Municipal Code Section 13.20.
Section 12: Landscape Plan
The Applicant shall implement the Landscape Plan appended hereto as Exhibit E in the manner
and within the time frames as set forth therein. See Section 11 regarding planting in the City's
right of way and Section 10 regarding the seating wall in the City's right of way.
Section 13: Fire Mitigation
Before the Applicant is issued a Building Permit, the Applicant shall obtain the approval of the
Fire Marshal of a Fire Protection Plan which shall include the following elements:
• Compliance with all codes and requirements of the Aspen Fire Protection District,
including, but not limited to Fire Department Access, International Fire Code 2003
Edition Section 503, Turning around of fire apparatus, depending on site
configuration (IFC Section 503.2.5).
• Sprinkler, fire alarms and carbon monoxide alarms. (IFC as amended Section 903 and
907).
• Evidence that the proposed development has sufficient volume and pressure of water
for the sprinklers or other fire suppression system adequate to satisfy the District's
standards for the type of structures proposed by the approved development. This
requirement may be satisfied by an analysis acceptable to the Water Department
which demonstrates system delivery capacity of existing wafer distribution system at
the Water Departments' main water to the approve development of no less than 3,000
gallons per minute.
• A Wildfire Mitigation Plan for both landscaping and structures.
• An overall access plan for the site.
Section 14: Sanitation District Requirements
Service is contingent upon compliance with the District's rules, regulations, and specifications,
which are on file at the District office.
Section 15: Exterior Lighting
Pursuant to Section 26.575.150, Outdoor Lighting, the Applicant has submitted an Outdoor
Lighting Plan as appended hereto as Exhibit D. The Outdoor Lighting Plan is hereby approved
with the exception that street lighting (listed at F4 on the Lighting Plan key) is subject to review
and approval by the City. All outdoor lighting shall comply with the Outdoor Lighting Plan and
meet the requirements of Section 26.575.150, Outdoor Lighting. The approved Outdoor
Lighting Plan shall be submitted with the Building Permit application.
Ordinance No 19, Series 2011
AspenWalk PUD /Subdivision
Page 10 of 14
Section 16: Residential Design Standards
Pursuant to Planning and Zoning Commission Resolution number 9, Series of 2011 variances are
granted for the Residential Design Standards listed in Section 26.410.040.D, Building Elements
for multi - family residences as represented in the application.
Section 17: School Lands Dedication
Before the Applicant is issued a Building Permit, the Applicant shall pay a fee -in -lieu of land
dedication pursuant to Chapter 26.620, School Lands Dedication. The amount of the fee shall be
calculated by the Community Development Department using the calculation method and fee
schedule in effect at the time the applicant submits a Building Permit.
Section 18: Impact Fees
Before the Applicant is issued a Building Permit, the Applicant shall pay a Parks Development
fee and a TDM/Air Quality fee pursuant to Chapter 26.610, Impact Fees. The amount of the fees
shall be calculated by the Community Development Department using the calculation method
and fee schedule in effect at the time the Applicant submits a Building Permit.
Section 19: Site Protection Fund
The Applicant hereby commits and agrees that before any Building Permit (including
demolition, access /infrastructure, and/or site preparation permits) is issued for the AspenWalk
development approved by this Ordinance (the `Project'), the Applicant will deposit with Pitkin
County Title, Inc. ( "Escrow Agent ") the sum of $100,000 in the form of cash or wired funds (the
"Escrow Funds ") and will execute an Escrow Agreement and Instructions with the Escrow Agent
which recites and agrees as follows:
"In the event construction work on the Project shall cease for sixty (60) days or longer
(`work stoppage') prior to a final inspection by the City of the work authorized by the
Foundation/Structural Frame Permit on the Project, then the City in its discretion may
draw upon the Escrow Funds from time to time as needed for purposes of protecting and
• securing the Project site and improvements from damage by the elements and/or from
trespass by unauthorized persons, and for purposes of improving the Project site to a safe
condition such that it does not become an attractive nuisance or otherwise pose a threat to
neighbors or other persons."
The Escrow Funds or any remaining balance thereof shall be returned to Applicant upon
completion by the City of a final inspection of the work authorized by the Foundation/Structural
Frame Permit on the Project.
Section 20: Public Improvements
The Applicant has agreed to perform certain Public Improvements and completion of said Public
Improvements is hereby made a specific condition of the approval of this Ordinance. Applicant
shall faithfully complete the Public Improvements listed below before the Applicant is issued a
Certificate of Occupancy or a Conditional Certificate of Occupancy by the Building Department
for any subdivided parcel or any parcel within the PUD. The determination of satisfactory
completion of the Public Improvements shall be within the sole discretion of the City
Ordinance No 19, Series 2011
AspenWalk PUD /Subdivision
•
Page 11 of 14
Engineering or Building Departments. Applicant shall confirm its agreement to complete all
Public Improvements in the Subdivision/PUD Agreement.
The following are the Public Improvements the Applicant has agreed to complete:
• the Park Avenue and Park Circle improvements set forth at §10 herein,
• compliance with the parks improvements referenced in §11 herein,
• the sanitation district requirements set forth at § 14 herein,
• the school land dedication requirement set forth at § 17 herein, and
• the impact fees set forth at § 18 herein.
Section 21: Vested Rights
The development approvals granted herein shall constitute a site - specific development plan and a
vested property right attaching to and running with the Subject Property and shall confer upon the
Applicant the right to undertake and complete the site specific development plan and use of said
property under the terms and conditions of the site specific development plan including any
approved amendments thereto. The vesting period of these vested property rights shall be for five
(5) years which shall not begin to run until the date of the publications required to be made as set
forth below. However, any failure to abide by any of the terms and conditions attendant to this
approval shall result in the forfeiture of said vested property rights. Unless otherwise exempted
or extended, failure to properly record all plats and agreements required to be recorded, as
specified herein, within 180 days of the effective date of the development order shall also result
in the forfeiture of said vested property rights and shall render the development order void within
the meaning of Section 26.104.050, Void Permits. Zoning that is not part of the approved site -
specific development plan shall not result in the creation of a vested property right.
No later than fourteen (14) days following final approval of this Ordinance, the City Clerk shall
cause to be published in a newspaper of general circulation within the jurisdictional boundaries of
the City of Aspen, a notice advising the general public of the approval of a site specific development
plan and creation of a vested property right pursuant to Chapter 26.308, Vested Property Rights.
Pursuant to Section 26.304.070(A), Development Orders, such notice shall be substantially in the
following form:
Notice is hereby given to the general public of the approval of a site specific
development plan, and the creation of a vested property right, valid for a period of
five (5) years, pursuant to the Land Use Code of the City of Aspen and Title 24,
Article 68, Colorado Revised Statutes, pertaining to the following described
property: 404 Park Circle and 414 Park Avenue with a legal description of Lots 3
and 5 of the Sunny Park Subdivision, by Ordinance of the City Council of the City
of Aspen.
Nothing in this approval shall exempt the Development Order from subsequent reviews and
approvals required by this Ordinance of the general rules, regulations and ordinances or the City
of Aspen provided that such reviews and approvals are not inconsistent with this Ordinance.
Ordinance No 19, Series 2011
AspenWalk PUD /Subdivision
Page 12 of 14
The vested rights granted hereby shall be subject to all rights of referendum and judicial review.
The period of time permitted by law to exercise the right of referendum to refer to the electorate
this Section of this Ordinance granting vested rights; or, to seek judicial review of the grant of
vested rights shall not begin to run until the date of publication of the notice of final development
approval as set forth above. The rights of referendum described herein shall be no greater than
those set forth in the Colorado Constitution and the Aspen Home Rule Charter.
Section 22:
All material representations and commitments made by the Applicant pursuant to the development
proposal approvals as herein awarded, whether in public hearing or documentation presented before
the Planning and Zoning Commission or City Council, are hereby incorporated in such plan
development approvals and the same shall be complied with as if fully set forth herein, unless
amended by an authorized entity.
Section 23:
This ordinance shall not affect any existing litigation and shall not operate as an abatement of any
action or proceeding now pending under or by virtue of the ordinances repealed or amended as
herein provided, and the same shall be conducted and concluded under such prior ordinances.
Section 24:
If any section, subsection, sentence, clause, phrase, or portion of this ordinance is for any reason
held invalid or unconstitutional in a court of competent jurisdiction, such portion shall be deemed a
separate, distinct and independent provision and shall not affect the validity of the remaining
portions thereof.
The City Clerk is directed, upon the adoption of this ordinance, to record a copy of this ordinance in
the office of the Pitkin County Clerk and Recorder.
Section 25:
A public hearing on this ordinance shall be held on the 11 day of July, 2011, at a meeting of the
Aspen City Council commencing at 5:00 p.m. in the City Council Chambers, Aspen City Hall,
Aspen, Colorado, a minimum of fifteen days prior to which hearing a public notice of the same shall
be published in a newspaper of general circulation within the City of Aspen.
[signatures on following page]
Ordinance No 19, Series 2011
AspenWalk PUD /Subdivision
Page 13 of 14
INTRODUCED, READ AND ORDERED PUBLISHED as provided by law, by the City Council
of the City of Aspen on the 13 day of June, 2011.
Attest:
L � /a. _et .. / I t Z /Z7/
Kathryn S. Kill, Ci Clerk Michael C. Ireland, Mayor
FINALLY, adopted, passed and approved this 27 day of February, 2012.
Attest:
Kathryn S. och, City Clerk Michael C. Ireland, M yor
Approved as to form:
ames R. True, City Attorney
Exhibit A: Approved site plan.
Exhibit B: Elevations with approved height.
Exhibit C: Section depicting approved garden level affordable unit variances.
Exhibit D: Approved lighting plan.
Exhibit E: Approved landscape plan.
Ordinance No 19, Series 2011
AspenWalk PUD /Subdivision
Page 14 of 14
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Fri, Jun 10, 2011 10:08:20
t 6635794 9 V 4 11 20 /
Ad Ticket #5
(O I C i rl l
Acct: 1013028 Name: Aspen (LEGALS) City of
Phone: (970)920 -5064 Address: 130 S Galena St
E ANGELA SCOREY
Client:
Caller: Kathryn Koch Ci Aspen
_ Receipt State: CO Zip: 81611
Ad Name: 6635794A Original Id: 0
Editions: 8ATI /8ATW/ Class: 0990
Start: 06/19/11 Stop: 06/19/11
Color: Issue 1
Copyline: atw - Ord #19 - 7.11.11 Pub Hrg R AT Legals
PUBLIC NOTICE
Lines: 19 LEGAL NOTICE
ORDINANCE #19, 2011, PUBLIC HEARING
Depth: 1.6 Ordinance #19, Series of 2011, was adopted on
Columns: 1 first reading at the City Council meeting June 13,
2011. This ordinance, if adopted. will approve a
Discount: 0.00 Final PUD for Aspen Walk, 404 Park Avenue. The
public hearing on this ordinance is scheduled for
Commission: 0.00 July 11, 2011 at 5 PM, City hall, 130 South Galena.
Net: 0.00 To see the entire text, go to the city's legal notice
website
Tax: 0.00 http : //www.aspenpitkin.com /Departments /Clerks
Legal - Notices/
Total 9.61
If you would like a copy FAXed or e- mailed to you,
Payment 0.00 call the city clerk's office, 429 -2686. [6635794]
Published in the Aspen Times Weekly on June 19.
2011. [6635794]
Ad shown is not actual print size