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Home My WebLink Aboutlanduse case.boa.520 E Hyman Ave.007-92 - ,. NOTICE OF PUBLIC HEARING CASE #92-7 WALT HARRIS BEFORE THE CITY OF ASPEN BOARD OF ADJUSTMENT TO ALL PROPERTY OWNERS AFFECTED BY THE REQUESTED ZONING OR USE VARIANCE DESCRIBED BELOW: Pursuant to the Official Code of Aspen of June 25, 1962, as amended, a public hearing will be held in the Council Room, City Hall, Aspen, Colorado, (or at such other place as the meeting may be then adjourned) to consider an application filed with the said Board of Adjustment requesting authority for variance from the provisions of the Zoning ordinance, Chapter 24, Official Code of Aspen. All persons affected by the proposed variance are invited to appear and state their views, protests or objections. If you cannot appear personally at such meeting, you are urged to state your views by letter, particularly if you have objection to such variance, as the Board of Adjustment will give serious consideration to the opinions of surrounding property owners and others affected in deciding whether to grant or deny the request for variance. Particulars of the hearing and requested variance are as follows: Date and Time of Meetinq: Date: Time: JULY 9, 1992 4:00 p.m. Owner for Variance: Appellant for Variance: Name: JIM VALARIO Address: 520 EAST.HYMAN WALT HARRIS Location or description of property: 520 EAST HYMAN--LOTS 2 & 3 PITKIN CENTER SUBDIVISION Variance Requested: PROPERTY IS LOCATED IN THE "CC" ZONING CATEGORY. PURSUANT TO REVIEWS~ THE STRUCTURE CURRENTLY IS AT THE MAXIMUM FLOOR AREA RATIO (CHAPTER 24, ASPEN MUNICIPAL CODE SEC.5- 209(11). APPLICANT APPEARS TO BE REQUESTING A FLOOR AREA VARIANCE OF 48 SQUARE FEET IN ORDER TO EXTERNALIZE THEIR WALK-IN FREEZER Will apPlicant be represented bv counsel: Yes: No: X The City of Aspen Board of Adjustment 130 South Galena Street, Aspen, Colorado 81611 Remo Lavagnino, Chairman Jan Carney Deputy City Clerk ....."'ll, .~,..., ( . CITY OF ASPEN BOARD OF ADJUSTMENT DEVELOPMENT APPLICATION DATE June 4 19---=-: CASE # cfJ--7 WALT HARRIS PHONE 925-9258 APPLICANT MAILING ADDRESS 520 E.HYMAN ST. ASPEN, CO 81611 OWNER JIM VALARIO 520 E.HYMAN ST. ASPEN PHONE 415 388-8161 MAILING ADDRESS LOCATION OF PROPERTY 520 E. HYMAN ST. ASPEN, (street, Block Number CO LOTS 2 & 3 PITKIN r.FNTFR SUBDIVISION and Lot Number) WILL YOU BE REPRESENTED BY COUNCIL? YES_ NO--L- ----------------------------------------------------------------- ----------------------------------------------------------------- Below, . describe clearly the proposed variance, including all dimensions and justification for the variance. (Additional paper may be used if necessary.) The building permit application and any other information you feel is pertinent should accompany this application, and will be made part of this case. Applicant's signature ~. ~~>1 ----------------------------------------------------------------- REASONS FOR DENIAL OF BUILDING PERMIT, BASED ON THE ASPEN CITY CODE, CHAPTER 24. AN OPINION CONCERNING THIS VARIANCE WILL BE PRESENTED TO THE BOARD BY THE ZONING DEPARTMENT ,sTAFF~ ~~0~c2.~C(CClr ~l'O'J - ~~+:> ~S~ ~~.)~. , :L ~~-W vl----t4 ~~ x= A .1<. fr-.f:-1rJJ- 2 L(~tR-- ~. ~ Su:-S~dOq (lOt fJ~i: . Td-~~~ OV DATE PERMIT DENIED ~ ~ OFFICIAL ~ ~ HEARING DATE ~&c:S1~ a.<<-~ ~ ~ ~ 1~ 9 D ~n DATE OF APPLICA;ION ~L CV1.e..c...- ,,~ ~~~. ..- I"TfKIN CENTER, L TL. 1'.0. Box 494~ 710 E. Dumnl Avcnue Aspen. Colomdo 81612 303/925-3H73 . , .~ ~ BOARD OF ADJUSTMENTS CITY 0 F AS PEN 130 S. GALENA ASPEN, CO 81611 '. ."'....,-~ ,':- :'." , RE: Syzygy Restaurant- APPLICATIDKFOR VARIANCE 520 E. HYMAN ASPEN,. CD LADfES AND GENTLEMAN, I have authorized Mr. Jim Colombo of Colombo International, Inc. to represent myself and Syzygy Resteurant in all application and present~tion require~ents as appropriate to our GMQS application. .' ... 'Jim's" office is ..located a~623 E. Hopkin~ St.. in Aspen, his office .phone number is 925-7896. I am both owner and operator of Syzygy Restaurant which i~ located. at 5Z0 E. Hyman in Aspen. My phone number is 925-3700. Should you have any other questions please do not hesltat~ to ca 11 me. 'L"'.,...~ Sin cere 1 y , r:ZdL~i 511 Walt Harris -OWner Syzygy Restaurant WH:jpc.. cc: Leslie Lamont Jim Colombo Jim Valario : Pp."KIN (:ENT~R, LTD ~ ". '., , . . 1'.0. O(,lX 494B 710 E. Durnnt Awnuc. Aspen, Colorndo 81612 303/925.:1873 -...,,',~. . , CITY OF ASPEN BOARD DF ADJUSTMENl~ 130 S. GALENA ASP.E,N . ,.cO 81611 \..... ."....~.. REI Syzygy Restaurant- APPLICATION FOR VARIANCE 520 E. HYMAN ASPEN, CD LADIES AND GENTLEMAN: t., ... , , As the owner or th~ space leased by ~yzygy Re5ta~rant, 1 have authorized Walt Harris to hav~ his represAntative,. _ Colombo International, lne., apply to tho City of ^spen fllr ..a.GMQS request to externalize the existIng walk-in freezer . as 111ustrattd in the schematic floor plan drawings presented ~y Colombo Internntlonal Inc. ... .. If you have further que~tions plea~e conta~t -y office " listed above. " :...... ,., . I ... .... " " ,.,,...,, Aspen/Pit 130 Asp (303) 92 ing Office treet 611 920-5197 April 29, 1992 Mr. Columbo . Columbo International 623 East Hopkins Aspen, CO 81611 Re: Syzygy Restaurant FAR. Request Determination Dear Mr. Columbo: In regards to Syzygy Restaurant, the information I have indicates that the building wherein it is located currently exceeds its allowable FAR and could not allow any FAR or other expansion. The structure was "buil t out II under previous FAR def ini tions. It appears under current FAR definitions, the building would be further nonconforming. You may apply to the Aspen Board of Adjustment for a variance. Please advise. Should you have any further questions, please do not hesitate to contact me at 920-5090. Sincerely, uJ~--=- william Drueding city Zoning Enforcement Officer cc: Diane Moore, city Planning Director Leslie Lamont, city Planner Francis Krizmanich, Zoning Deputy Director @ recycled paper COLOMBO 623 E. Hopkins Street, Aspen, Coiorado 81611 Tel.: (303) 925-7806 FAX (303) 925-8712 June 4, 1992 Board of Adjustments City of Aspen 130 S. Galena Aspen, CD 81611 RE: Application for Variance Syzygy Restaurant 520 E. Hyman Walt Harris - Owner Ladies and Gentlem~n, On April 29, 1992 , thZoning Enforcement Officer rejected an application for a GMQS empition permit to externalize a walk-in Freezer. Syzygy Restaurant is located at 520 E. Hyman St. in the City of Aspen. The following GMQS exemption submission description addresses the particulars of this variance request. Very Truly yours, By: ombo COLOMBO 623 E. Hopkins Street, Aspen, Colorado 81611 Tel.: (303) 925-7806 FAX (303) 925-8712 December 16, 1991- City of Aspen Planntng Department 130 S. Galena St. Attention: Leslie Lamont . -, ." . RE: GMQS Director Sign-Off application- Syzygy Restaurant DESCRIPTION OF SUBMISSION -t,.'ll'...., SYZY9Y Restaurant located at 520 E. Hyman St. in the City of Aspen requests a GMQS Director si9n-off for the externalization of a existing walk-in freezer. The freezer is 6 feet by 8 feet = 48 square feet in total floor area. The existing freezer would be relocated immediately adjacent to the .ftorth of the existing exterior wall where it had formerly been used. Please see attached floor plans and elevations which depict existing conditions and proposed location. The request is based upon practical necessity for a workable kitchen condition to adequately serve the needs of the existing restaurant. In accordance with section 8-104 E~emptionsof the Municip~l Code: The proposal is less than 500 sq. ft. and results in - no new net leasable area. The proposal would also have minimal '1mpact upon the City and generate no new employees and therefore no new employee housing requirements. The proposal would generate no additional need for parking or further impact upon public facilities. Upon Director sign-off approval, a building permit application will be submitted specifing exterior facia materials to match existing building fascia, and demonstrate minimal visual impact to the building. Please see attached elevations. 3 3 3 3 ~ . ~. . , , " . " . , " 3 " 3 3 . . " ....... .........-.......:'\,A...~<;"OOO.:'\,... 1;':r:~f'=[,~. ~...,............,...... <.o..'~'~"~ ~ .~~.~. .~~- -~~.. .. -.' '.' . ~~ " .... -' .. -""""-- - -.- .....- -- -. . . - - - -- -, POLICY OF TITLE INSURANCE ISSUED BY STEWART TITLE GUARANTY COMPANY SUBJECT'TO THE EXCLUSIONS FROM CO:VERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B AND THE CONDITIONS AND STIPULATIONS, STEWART TITLE GUARANTY COMPANY, a Texas corporation, herein called the Company I insures, IS of Date of PolicY shown in Schedule A, against loss or damage, not exceeding the Amount of Insurance stated in Schedule A, sustained 0.' incurred by the insured by reason of: 1. Title to the estate or interest described in Schedule A being vested other than as stated therein; 2. Any defect in or lien or encumbrance on the title; 3. Unmarketability of the title; _ _ . ,.... ::. . l. 4. lack of a right of access to and from the land. . The Company will also pay the costs, attorneys' fees and expenses incurred in defense of the title';'ss insured, but only to the extent provided in the Conditions and Stipulations. ......., IN WITNESS WHEREOF, Stewart Title Guaranty Company has caused this policy to be signed and sealed by its duly authorized officers as of the Date of Policy shown in Schedule 1'-. -, I ~ ~ '"7_ _----.' _STEWART TITLE n -J / ,I-'7~;.,. t?~ rJ.1.. r r _.. GUARANTY COMPANY 'd~ ///cfJ" "VI Chairman of the Board Countersigned: Autho4r~4e44r Company City. State ExaUSIONS FROM COVERAGE The following matters ore expressly excluded from the coverage of this policy Dnd the Company will not pay loss or damage. cas . 0 expenses which arise by reason of: 1. (0) Any low, ordinance or governmental regulation (including but not limited to building and zoning lows, ordinances, or regulations) restricting. regulating, prohibiting or relating to (i) the occuponcy, use, or enjoyment of the lond; ~i) the character. dimensions or location of any improvement now or hereoher erected on the land; (iii) 0 separation in ownership or 0 change in the dimensions or areo of the land or any parcel of which the land is or was a port; or (iv) environmental protection, or the effect of any violation of these lows, ordinances or governmental regulations. except to the extent that a notice of the enforcement thereof or a notice of a defect, lien or encumbrance resulting from a violation or olleged violation affecting the land has been d d. th bl'rd to I f P I' .'hUh'INI ,'.1 l IIII/ltl,' recor e In e pu IC reco S a 0 e 0 0 Icy. . . (b) Any governmental police power not excluded by (a) above, excepl to the extent that a notice of the ..ercise thereol or a nolice 01 a defect, lien or encumbrance resulting from 0 violation or alleged violation aUeeting the land has been recorded in the public records at Dote of Policy. 2. Rights of eminent domain unless notice of the exercise thereof has been recorded in the public records at Date of Policy, but not excluding from coverage any taking which has occurred prior to Dote of Policy which would be binding on the rights of a purchaser for value without knowledge. 3. Defects, liens. encumbrances. adverse claims or of her matters: (0) created, suffered. assumed or agreed to by the insured claimant; (b) not known to the Company. not recorded in the public records at Dote of Policy, but known to the insured claimant and not diKlosed in writing to the Company by the insured claimant prior to the date the insured claimant became an insured under this policy; (e) resulting in no 1055 or damage to the insured c1oimant; (d) attaching or created subsequent to Date of Pol;cy; or (e) resulting in loss or damage wnich would not nove been sustained if tne insured claimant ha~ paid volue for the eJtate or interest inJured by this policy. . ~. Any claim. which arises out of the transaction vesting in the insured the estate or interest insured by this policy, by reason of the operation of f.d.ral bankruDtcy, stat. insol....ncy. or similar creditors' rightslawl. OOlf....4.'.90} . t. . , . :: ioe IOBO....m9, 'erm~ wnen u~eo In ',nl~ pOlicy mean: (a) ",nsured ': the insured named In SChedule A, a....ol~"ubject to cny tighh or defen'~ the Ct;>mpanr'would hove had oQoinst the d insured. thOle who succeed to Ine interest 0 the named insured by operoth., A low as distinguished irom purchase inrluding. but not limited to, htin, distributees, deviiets, survivoll. personal, representotiv.ls, nut of kin, or corporate or fiduciary su(cesson. (b). "insured c!aimant": on insured claiming loss or damage. (c) "knowledge" or "known": actual knowledge, not comlructive knowledge or notice which ~QY be imp,:,ted to on insured by reason of the public records as defined in' this .p"licy or cny other reco'rds which j,mport constructive notice of mane" affecting the land. ' (d) "land": the land described or referred to in Schedule A, and imerove. menh affixed thereto which by law constitute real property. The term' lond" does not include Dny property beyond the lines of the oreo.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 sholl modify or limh the extent to which D right of access to and from the land is inlured br thi. palle);', (e) I mortgage ': mortgage, deed of trust, trust deed, or other security instrument. (I) "public records": records established under stote statutes at Dote of Pol. icy for the purpose of imparting constructive notice of matters relating to feol property to purchasers for value and without knowledge. With respect to Section l(a)(iv) of the Exclusions From Coverpge, "public records" shall also include environmental protection liens filed in the records of the clerk of the United States district court for the district in which the land is located. (g) "unmarketability of the title": an alleged or apparent maner allecting the title to the land, not excluded or excepted from coverage, which would entitle o purchaser of the estate or interest described in Schedule A to be releosed from the obligation to purchase by virtue of a contractual condition requiring the delivery of marketable title. 2. CONTINUATION OF INSURANCE AFTER CONVEYANCE OF TITLE. The coverage of this policy shall continue in force as of Date of Policy in favor of an insured only so long as the insured retains an estate or interest in the land, ar holds an indebtednellleeured by a purchase maney mortgage given by a purchaser from the insured, or anly so long as the inlured shall have liability by reason 01 covenants of warranty mode by the insured in any transfer or convey- ance of the estate or interest.. this policy shall not continue- in force in favor 01 ~ny purchaser from the insured of either (i) an estate or interest in the land, or [Ii) an indebtedness secured by a purchase money mortgage given to the insured. 3. NOTICE OF ClAIM TO BE GIVEN BY INSURED ClAIMANT. The insured shall notify the Company pramptly in writing (i) in case of any litigation as set forth in Section "(a) below, (ii) in case knowledge sholl come to on insured hereunder of any claim of title or interest which is adverse to the title to the estate or interest, os insured, and which might couse loss or damage far which the Company may be liable by virtue of this policy, or (iii) if title to the estate or interest, as insured, is rejected os unmarketable. If prompt notice sholl not be given to the Company, then os to the insured all liability of the Company shall terminate with regard to the ma"er or ma"ers for which prompt notice is required; provided, however, that failure to notify the Company shall in no case prejudice the rights of any insured under this policy unless the Company sholl be prejudiced .by the failure and then only to the extent of the prejudice. 4. DEFENSE AND PROSECUTION OF ACTIONS; DUTY OF INSURED CLAIMANT TO COOPERATE. (a) Upon wrinen request by the inlured and subiect to the aptions cantained in SectIon 6 of these Conditions and Stipulations, the Company, at its own cost and without unreasonable delay, shall provide for the defense of on insured in litigation in which any third party asserts 0 claim advene to the title or. interest os insured, but only as to those stated causes of action alleging a defect, lien or encumbrance or other ma"er insured against by this policy. The Company sholl hove the right to select counsel of its choice (subject to the right of the insured to obiect for reasonable causel to represent the insured as to those stated causes of action and sholl not be liab e for and will not pay the fees of any other counsel. The Company will not pay any lees, costs or expenses incurred by the insured in the defense of those causes of action which allege matters not insured against by thispoli~._ - tbjTli,5mpany shall have the right, at it. own cost, ta institute and prose. cute 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, os insured, or to prevent or reduce loss or damage to the insured. The Company may take any appropriate action under the terms of this policy, whether or not it shall be liable hereunder, and shall not thereby concede liability or waive any provision of this policy. If the Company shall exercise its rights unoer this paragraph, it shall do so dil;gently. (c) Whenever the Company lhall have brought an actian or interposed a defense os required or permi"ed by the provisions of this policy, the Company may pursue any litigation to final determination by a court of competent jurisdic- tion and expreuly reserves the right, in m sole diwetion, to appeal from any adverse jud;ment or order. tvle o~ prowloe 101 HIt" oe1t~mt' 01 ony Otllor, or pIOtt't'Oln., Int' Imvreo ~nOIl secure to the Company the righ' to so prOietV'e or provide cie-1erne in ,he oction or proceeding, and all 0 .,Is therein, and permit the Company to use, at its option, the name of the ed tor this purpose. Whenever requested by the Company, the insured, at me Company's ex.pense, sholl give the Company all reasonable aid (i) in any action or proceeding, securing e'tidence, obtaining wit- nesses, prosecuting or defending the action or proceeding. or effecting se"le- ment, and (ii) in any other lawful oct which in the opiniQ(! of the Company m"l be necessary or desuable to estoblish the title to the estate or interest as insure . If the CompanY,is prejudiced by the failure of the insured to lurnhh the required cooperation, the Company's obligations to the insured under the policy shall ter- minate, including any liability or obligation to defend, prosecute, or continue any litigation, with regard to the matter or ma"ers requiring such cooperation. S. PROOF OF LOSS OR DAMAGE, In addition to and after the notices required under Section 3 of these Condi- tions and Stipulations have been pro'tided.the Company, a proof of loss or dam- age signed and sworn to by the insured claimant shall be furnished to the Com- pany within 90 days alter the insured claimant sh~l1 bscertain the facts giving rise to the lOll or damage. The praof of lOll or dampg~ ,hall describe the defect in, or lien or encumbrance on the title, or other matter insured against by this policy which constitutes the basis of 10ss,Or damage and sholl state, to the extent POSSI- ble, the basis of calculating the amount of the loss or damage. If the Company is prejudiced by the failure of the insured claimbnt to provide the required proof of loss or damage, the Company's obligations to the insured under the policy sholl terminate, including any liability or obligation ttrtfe-fend, prosecute, or continue any litigation, with regard to the ma"er or matters requiring such proof of loss or damage. ' In addition, the insured c1oimont may reasonably be required to submit to examination under oath by any authorized representative of the Company and sholl produce for examination, inspection and copying, at such reasonable times and places os may be designated by any authorized representative of the Com- pany, all records, books, ledgers, checks, correspondence and memoranda, whether bearing a dote belore or alter Dote of Policy, which reasonably pertain to the loss or damage. Further, if requested by any authorized representati'te of the Co.mpany, the insur~d claimant shall.grant its per-:nissi~n, in writing, for any authollzed representaftve of the Company to examme, mspect and 'copy all records, books, ledgers, checks, correspondence and memoranda in the custody or control of 0 third party, which reasonably pertain to the loss or damage. All information designated as confidential by the insured daimant provided to the Company pursuant to this Section shall not be disclosed to others unless, in the reasonable judgment of the Company, it is necessary in the administration of the claim. Failure of the insured claimant to submit for'examination under oath, pro- duce other reasonably requested information or grant permission to secure rea- sonably necessary information from third parties os required in this paragraph sholl terminate any liability of the Company under this policy as to that claim. 6. OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS; TERMINATION OF LIABILITY, In case of a claim under this policy-, the Company shall have the lollowing additional options: (a) Ta Payor Tender Payment af the Amount of Insurance. To poy or tender payment of the amount of insurance under this policy together with any costs, attorneys' fees and expenses incurred by the insured claimant, which were authorized by the Company, up to the time of payment or tender of payment and which the Compony is obligated to pay. Upon the e,ereile by the Campany of this aption, all liability and obligations to the insured under this policy, other than to make the payment required, sholl terminate, including any liability or obligation to defend, prosecute, or continue any litigation, and the policy .hall be surrendered to the Campany far cancellation. (bl To Payor Otherwise Sellle With Parties Other than the Insured or With the Insured Claimant. (i) to payor otherwise settle with other parties for or in the nome of on insured claimant any claim insured against under this policy, together with any costs, a"orneys' lees and expenses incurred by the insured claimant which were authorized by the Company up to the time of payment and which the Company is obligated to pay; or (ii) to payor otherwise se"le with the insured claimant the loss or dom- age provided for under this policy, together with any costs, a"orneys' fees and expenses incurred by the insured claimant which were authorized by the Com- pany up to the time af payment and which the Campany is obligated to pay. Upon the exercise by the Company of either of the options provided for in paragraphs Ib){i) or (ii), the Company's obligations to the insured under thil pal. icy for the c aimed loss or damage, other than the payments required to be made, shall terminate, including any liability or obligation to defend, prosecute or continue any litigation. - 7. DETERMINATION, EXTENT OF LIABILITY AND COINSURANCE. This policy is a contract of indemnity against actual monetary loss or dam- oge lUstoined or incurr.d by the inwred daiMont who hal suft,rld Iou or dom- ogl by 1IOlon of mClttm insured ogainst by' this polity and only to the extent herein described. {continued and concluded on last page of this policy} (conti~>ued and concluded ontast page af this policy) CONDITIONS AND STIPULATIONS Continued (continued and concluded from reverse side of Policy Face) (01 The liability of the Company under this policy .hall not exceed the lea.' of: (i) the Amount of "nurence stated in Schedule A; or, (ii) the difference between the value of the insured estate or interest as in.ured and tho val.. of the insured estate or inlerest subject 10 Ihe defect, lien or encumb..n.. ins.ured against by Ihis policy. . (b) In the .vent tho Amount of Insurance ,'ated in Schedule A at the Date of Policy is Ie" than 80 percent of the value of the insured estate or interest or the full consideralion paid for the land, whichever is Ie.., or if .ubsequent 10 the Date of Policy an improvemenl is erected on the land which increases Ihe value of the insured estate or interest. ~ at least 20 percent over the Amount of Insurance .tated in Schedul. A, Ih.n this Policy is subject to tho following: (i) where no subsequent improvement has ~een made, as to any par- ~allo.., Iho Company shall only pay tho 10.. pro rata in the proportion that Iho amount of insurance at Date of Policy beors to the totol value of the insured estate or interest at Dot. of Policy; or (ii) where 0 subsequent improvement has been mode, as to any partial loss, the Company sholl only pay the Ion pro rata in the proportion that 120 percent of the Amount of Insurance stated in Schedule A bears to the sum of the Amount of Insurance stated in Schedule A and the amount expended for the improvement. The provisions of this paragraph shall not apply to costs, attorner.' fees and exponsOl far which tho Company is liable under this policy, and shal only apply to thai portion of any 10.. which .xcood., in the aggregate, 10 porcent of tho Amount of Insuronco .tat.d in Schodulo A. (c) Tho Company wiD pay only Ihase co.n, attornoy.' foes and expenses incurred in accordance with Section" of these Conditions and Stipulations. B. APPORTIONMENT. If tho land doscribed in Schedule A consi.,. 01 two or more parcol. which are not used as a single site, and 0 loss is established affeding one or more of the 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 Poliq of lOch separate parcel to the whole, exclusive of any improvements made subsequent to Dote of Policy, unless a liability or value has otherwise boen agreed upari as to .ach parcol by the Company and tho in.ured at the time of the issuance of this policy and shown by an express statement or by an endorsement attached to this policy. 9. LIMITATION OF LIABILITY. (a) If tho Company establishOl tho titlo, or removOl tho alloged dofect, lion or encumbrance, or cures the lack of a right of access to or from the land, or C\lres the claim of unmarketability of title, all as insured, in a reasonably diligent manner by any method, including litigation and the completion of any appeals therefrom, it shall havo fully porlarmed it. obligations with respect to that ma"er and .hall nol bo liable for any 10.. or damago caused thereby. (b) In tho ov.nt of any lillgatian, including li~ga~on by tho Company or with the Company's consent, the Company shall have no liability for loss or damage until there has been a final determination by a court of competent jurisdidion. and disp~~tion of all appeals therefrom, adverse to the tifte as insu.red. (c) Tho Company shall not bo liable for 10.. or damago to any in.ured for liability voluntarily assumed by the insured in settling any claim or SUIt without the prior written consent of the Company. 10. REDUCTION OF INSURANCE; REDUCTION OR TERMINATION OF LIABILITY, AII/aYl1,'lents under this policy, except payments made for costs, attorneys' fees on expens", shall reduce the amount of the insurance pro tanto. 11. LIABILITY NONCUMULATIVE. . h is expressly understood that the amount of insurance under this policy sholl be reduced by any amount the Company may pay under any policy insuring a mortgage to which exception is token in Schedule B or to which the insured has agreed, assumed, or taken subjed, or which is hereafter executed by on insured and which is a charge or lien on the estate or interest described or referrod to in Schedule A, and the amount.o paid .hall be deemed a paymont under lhis .policy to the insured owner. 12. PAYMENT OF LOSS. (al No payment shall b. mad. without producing this policy for endorso. ment of the payment unless the policy has been lost or destroyed, in which cast proof of loss or d.struction sholl be furnished to the satisfaction of the Company. (b) Whon Uablllty and tho oxt.nt .11... or clamoO' has b.en d.lln".ty fixed in accordance with these Conditions and $!ipulations, the loss or damage .hall bo payablo within 30 day. thoroafter. 13. SUBROGATION UPON PAYMENT OR SETTLEMENT. (a) Th. Company's Right of Subrogation. Whenever the Company shall have settled and paid a claim under this pol- icy, all right of subrogation shall vest in the Company unaffected by any oct of the insured claimant. Tho Company shall bo .ubrogoted to and be ontitlod to all righn and rom.. dies which the insured claimant would have had against any pel10n or property in respoet to tho cla.im had this policy nol beon issued. If request.d by tho Com. pony, the insured claimant sholl transfer to the Company all rights and remedies agaInst any penon or property necessary in order to perfect this right of subro- gation. The Insured claimant shall permit the Company to sue, compromise or settle in the name of the insured claimant and to use the nome of the insured claimant in any transadion or litigation involving these rights or remedies. If a payment on account of a claim does not fully cover the loss of the insurod claimant, tho Company shall b. subrogatod..1q th..e righn and remodi.. in the proportion which the Company's payment bean to the whole amount of the lOll. . .. . If loss should result from any oct of the insured claimant, as stated above, that act shall not void this policy; but the Company, in that event. shoJI be required tOlay only that part of any losses .ll'Js.ured against by this policy which shall excee the amount, if any, lost to the Company by reason of the impair- ment by the insured claimant of the, C,ompany's .ri~~tof subrogation. (b) The Company's Right. Against Non-insured Obligors. The Company's right of subrogation again.st non-insured obligors shall exist and shall include, without limitation, the rights of the insured to indemnities, gua- ranties, other policies of insurance or bonds, notwithstanding any terms or condi- tions contained in those instruments which provide for subrogation rights by rea- son of this policy. 14. ARBITRATION Unl... prohibited by applicable law, oither the Company or tho insured may demand arbitration pursuant to the Title Insurance Arbitration Rules of the Ameri. can Arbitration Association. Arbitrable matters may include, but are not limited to, any controversy or claim between the Company and the insured arisin.Q out of or relating ta this policy, any service of the Company in connection with its issu- ance or tne breach of a policy provision or other obligation. All arbitrable mat- ters when the Amount of Insurance is 51,000.000 or less sholl be arbitrated at the option of either the Company or the insured. All arbitrable matters when the Amount of Insurance is in excess of Sl,ooo,ooo shall be arbitrated only when agreed to by both the Company and the insure4. Arbitration punuant to this policy and under the Rules in effect on the date the demand for arbitration is made or, at the option of the insured, the Rules i~ effect at Date of Policy shall be binding upon the parties. The award may include attorneys' fees only if the laws of Ihe state in which the land is located permit a court to award attorneys' fe.. to a prevailing party. Judgmont ~pan the award rendered by tho Arbitra- tor(s) may be entered in any court havin~ ~risdiction thereof. The law of tho .itu. of tho land shcill'apply to an arbilration under tho Titlo Insurance Arbitration Rules. A copy of the Rules may be obtained from the Company upon request. 15. LIABILITY LIMITED TO THIS POLICY; POLICY ENTIRE CONTRACT. (a) This policy together with all endorsements, if any, attached hereto by the Company is the entire policy and contrad between the insured and the Com- pany. In interpreting any provision of this policy, this policy shall be construed os a whole. (b) Any claim of lOll or damage, whother or not based on negligonco, and which arises out of the status of the ~tle to the estate or interest covered hereby Or by any action asserting such claim, shall be restrided to this policy. ~c) No omendment of or endorsement to this policy con b. made except by a 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. 16. SEVERABILITY. In the event any provision of the policy is held invaHd or unenforceable under applicable law, the rolicy shall bo deomed not to indud. that provision and 011 other provisions shal remain in full force and eHed. 17. NOTICES, WHERE SENT. All notices required to be given the Company and any statement in writing required 10 be furnishod the Company .holl includo tho number of this policy and tholl b. odd....td to tho Company at P.O. Sax 2029, Hou.ton. TOJ<a. 77252. . ALTAOWNER'SPOLlCY-Am.nded 10/17/7(' II": ...., "1 SCHEDULE A Order No.: l '.11;0. Policy No.: o 9902 144458 . Date of Policy: June 06, 19B6 At 4 z 09 P. M, . Amount of Insurance: $ 640,000.00 1. Name of Insured: l'ITKHl CENTER JOIllT VEtrI'URE 2. The estate or interest in 'the land described herein and which is covered by this policy is: F'EE SIHPLE ..t,.'~'... 3. The estate or interest referred to herein is at Date of Policy vested in: PI'l"KIU c..."Efn'ER JOINT VEtlTURE 4. The land referred to in this policy is described as follows: Lots.2 and 3. PITKIN CDJTER SUP.DIVI3ION iA L . .,?hown on the plat thereof recorded February nook 14 at Page 36 as Reception No. 248117. County of Pitkin. State of COlora~ Spli t: ), as 22. 1983 in Flat ." .;.:-;~t::;.;,,'~'r;c;';'. ;" ";':"" ... '~ . -',. ~ .,' ..';:: ::,-". '-!';'-~" .....,. -" . ~ii~~""......':.',.':',..:'..'."..,..' ~.'i.'.~': .'.. 0" ..' .....- ,". ~ f'o ~ . " .., ... , ." .,~ . ..'~ : .' .:.~~~'~;':.:);.:i~..:.t:,~~'i"':.::->~.' ... . Stewart Title :of Aapen/:'Inc. . '. 602 Eallt Hy.an',"."o:;~:~:i<l;(..:~ '..1", Allpen, Colorado' ~ 8l611;;';.~.." :....:..,. L cig::~/t" ..~-. ::;:,;:;~:03),925-:~.~7;:,.,;:J}t'K~':.;;2;' . 'i;:,"::..,f~~;:}?:,{: ,-; ';' '.. . .. .. .' ...... · ',. .... . '.' .. , . '~,,>:".!2:.0~~d~f~~3;~';J1:$.;{:~:~}~?~~f~B1:'~i1;:~fi~:~~~(;ph )~f.~~@t';t~t..~9~~.~~.~p~~_n~~~.;;""''l!~r~1t.Wr:4i~~~;:",'i!?;bJr","~~~':if,f~~ili',,~...~:j, ~~E~~~tL~:i~!;~t~;~:'!Jll~~~~;il~j~.~~!!~:!!ffi;~'!~ GUARANTY COMPANY ,', '.,,,. .' ~'''' , ... #" ," ~', I ,,,,,,,''''''''',-.'''.< i,.i.II';-' 'i,' .::.", ALTA OWNEA'S POLICY-Modlfllld 10173 ". "ORDER NO.: 14066 SCHEDULE B , ,. Policy No.: - . This policy does not insure against loss or damage by reason of the following: 0 !:l!,lQ2 l44458 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, encroachme~ts, and anY,f~~:s 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 in any general or specific water conservancy, fire protection, soil conservation or other district or inclusion in any water service or street improvement area. 7. Exceptions and Mineral Reservations as contained in Patent to Aspen Townsite recorded March I, 1897 in Book 139.at. Page 216 as Reception No. 6015G. 8. Easements and rights of way as shown on the p t of Pitkin Center Subdivision (A Lot Split) corded Febr ary 22, 1983 in Plat Book 14 a.t Page 36 as Recep' No. 248117 9. Building encroachment Subdivision' (A Lot Sp Book 14 at Page 36 as Center in Plat s shown on i ) recorded ~ eption No. Ie plat of Pitkin ebruary 22, 1983 48117. 10. Terms, con i 'ions, and e of Exceptiol From the Fu February 22, 1983 in Book 248116. trictions as set forth in Statement Subdivision Process recorded 440 at Page 863 as Reception No. II. A Deed of Trust dated June 6, 1986, executed by Pitkin Center Joint Venture, a Texas joint venture, to the Public Trustee of Pitkin County, to secure an indebtedness of $1,725,000.00, in favor of Aspen Savings and Loan Association, recorded June 6, 1986 in Dook 512 at Pr.ge 274 AS Reception No. 278542. NOTE I Assignment of R"nts recorded June 6, 1986 in Book 512 at Page 297 AS Reception No. 278543, given 1n connection with the above Deed of Trust. ......... .y, " ~. , ~, ..~ ....; . ":V:'",;'.(.: . ,":r." . .. ':%\:~J~;~~:!~~j'~~;~;~~~'/; .. ...." "'-, . '," .' '.....:..'....,........c.. .".. . ..". . -,.' .,#' . _i. .i~, ~ . . .,.t,' ;'::::i';- . . . .' . 'C . ~.:-.~~-:~.~} ;;~.~ .,~~.:~ ~<.};:g,:." ~ . :. .'" '. 1,~-:' . ..,' "., :'.,;',,'- ',-', ',:\". -,.", T:.....'.~::.-.~.. -,. '," .. ,., ',l~: ::'. c. ....;'-,.. STE'\".\. HT TITLE ~ C 7- --\ .,,--........ II ]I - rm ---- ~ I~-~-t _ . -:;:~:.:.:.:.:.:.:.:.:-:.:.:';.:.:.:.:.:.:.:.:.:;::: 7'Jt i ' 1ft ~, l"- ~z:. ~ Ai ::: " :;: . ,\1iI ,- o 'I, ~ 1} )- · i-~~ '\J V (.) ~~IT ~ ,~ :::::;:;:::::::;:;:;:::,,: ,- --I I I I I I II' !I, ~ i I I ,I i,\"~~ I :i~~! I I 'd.:..{\\ I '~z:r I I I, 1--.- -d" I I I . , 1_ IJ .;:. \. "--',J,'\'.. .' 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