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HomeMy WebLinkAboutcoa.lu.ex.501 Park Circle 0052.20130052 2013 . ASLU 501 PARK CIRCLE 2737 0740 1003 SUBDIVISION EXEMPTION X 7Lj THE CITY OF ASPEN City of Aspen Community Development Department CASE NUMBER 0052.2013.ASLU PARCEL ID NUMBERS 273707401003 PROJECTS ADDRESS 501 PARK CIR PLANNER SARA NADOLNY CASE DESCRIPTION Condominiumization REPRESENTATIVE AMOS UNDERWOOD 274 0481 DATE OF FINAL ACTION 10.21.13 CLOSED BY DJAMA MARTIN ON: 03/11/2014 oo572. , 201 3- U RECEIVPD ATTACHMENT 2 -LAND USE APPLICATION JUL 2 4 2013 P0" 1F 'T• C/TY "._ wr Alp� Name: Sunny Park North Location: 501 Park Circle Aspen Colorado 81611 subdivision: Sunny Park North LotA (Indicate street address, lot & block number, legal description where appropriate Parcel ID # (REQUIRED) 273707401003 APPLICANT: Name: GSS Park LLC Address: PO Box 3377 Basalt Colorado 81621 Phone #: 970-963-3517 REPRESENTATIVE: Name: Amos Underwood @ the PBRworkshop Address: PO Box 512 Snowmass Colorado 81654 Phone #: 970-274-0481 TYPE OF APPLICATION: (please check all that apply): ❑ GMQS Exemption ❑ GMQS Allotment ❑ Special Review ❑ ESA — 8040 Greenline, Stream Margin, Hallam Lake Bluff, Mountain View Plane ❑ Commercial Design Review ❑ Residential Design Variance ❑ Conditional Use ❑ Conceptual PUD ❑ Final PUD (& PUD Amendment) ❑ Subdivision ® Subdivision Exemption (includes condominiumization) ❑ Lot Split ❑ Lot Line Adjustment EXISTING CONDITIONS: (description of existing buildings, uses, previous approvals, etc.) New Duplex Construction "ROPOSAL: (description of proposed buildings, uses, modifications, etc.) Condominimization of the parcel ❑ Temporary Use ❑ Text/Map Amendment ❑ Conceptual SPA ❑ Final SPA (& SPA Amendment) ❑ Small Lodge Conversion/ Expansion ❑ Other: Have you attached the following? FEES DUE: $ 915.00 ❑ Pre -Application Conference Summary ❑ Attachment #l, Signed Fee Agreement ❑ Response to Attachment #3, Dimensional Requirements Form ❑ Response to Attachment #4, Submittal Requirements- Including Written Responses to Review Standards ❑ 3-D Model for large project All plans that are larger than 8.5" X 11" must be folded. A disk with an electric copy of all written text (Microsoft Word Format) must be submitted as part of the application. Large scale projects should include an electronic 3-D model. Your pre -application conference summary will indicate if you must submit a 3-D model. • • ATTACHMENT 3 RECEIV'n DIMENSIONAL REQUIREMENTS FORM JUL 2 4 201 Project: Sunny Park North CI Applicant: Amos Underwood the PBRworkshop OMMUN�TY c) 0 Location: 501 Park Circle Aspen Colorado 81611 subdivision: Sunny Park North LotA Zone District: R-15 Lot Size: 15,187 Sq.Ft. or 0.35 acres Lot Area: UNIT A - 7,802.8 SgFt (.18 acres) UNIT B - 7,384.2 SgFt (.17 acres) (for the purposes of calculating Floor Area, Lot Area may be reduced for areas within the high water mark, easements, and steep slopes. Please refer to the definition of Lot Area in the Municipal Code.) Commercial net leasable: Existing: Proposed: Number of residential units: Existing: 3 Proposed: Number of bedrooms: Existing: Proposed: Proposed % of demolition (Historic properties only): DIMENSIONS: 2 8 Floor Area: Existing: Allowable: Proposed: 4,594.75 Principal bldg. height: Existing: Allowable: 25'-0° Proposed: 25'-0" Access. bldg. height: Existing: Allowable: N/A Proposed.• On -Site parking: Existing: Required: 2 Proposed: 4 % Site coverage: Existing: Required: N/A Proposed: % Open Space: Existing: Required: N/A Proposed: Front Setback: Existing: Required: 25'-0" Proposed: 25'-8" Rear Setback: Existing: Required.• 10'-0" Proposed: 30'-0" Combined F/R: Existing: Required: 35'-0" proposed: 55'-8" Side Setback: Existing: Required: 10'-0" Proposed: 13'-0" Side Setback: Existing: Required.• 10'-0" Proposed: 13'-3" Combined Sides: Existing: Required: 20'-0" Proposed: 23'-3" Distance Between Existing Required: N/A Proposed: Buildings Existing non -conformities or encroachments: South Neighbor's Fence encroaches onto the parcel Variations requested: None CITY OF ASPEN PRE -APPLICATION CONFERENCE SUMMARY PLANNER: Sara Adams 970-429-2778 DATE: 7/10/13 PROJECT: 501 Park Circle, Condominiumization APPLICANT: GSS Park LLC REPRESENTATIVE: Amos Underwood, 274-0481 TYPE OF APPLICATION: Condominiumization DESCRIPTION: The Applicant proposes to condominiumize the duplex located at 501 Park Circle. Condominiumization is a form of subdivision and requires an administrative approval pursuant to the requirements of Aspen Land Use Code Section 26.480.090 (B), Condominiumization. Below is a link to the Land Use application Form for your convenience: http://www.aspenpitkin.com/Portals/0/docs/City/Comdev/Apes%20and%20Fees/2011 %20land%20use %20app%20form.pdf Land Use Code Section(s) 26.304 Common Development Review Procedures 26.480.090 Condominiumization Below is a link the Land Use Code for your convenience: http://www.aspenpitkin.com/Departments/Community-Development/Planning-and- Zoninq/Title-26-Land-Use-Code/ Review by: - Planning and Engineering Staff for compliance - Community Development Director for approval Public Hearing: No hearing required Planning Fees: $650 Deposit for 2 hours of staff time. Additional staff time required is billed at $325/hour Referral Fees: $265/hour for Engineering Review Total Deposit: $915.00 (Additional fees will be required for filing. Those fees will be identified and due just prior to filing of the plat.) Total Number of Application Copies: Two (2) To apply, submit the following information: 1. Total Deposit for review of application. 2. Applicant's name, address and telephone number, contained within a letter signed by the applicant stating the name, address, and telephone number of the representative authorized to act on behalf of the applicant. 3. Street address and legal description of the parcel on which development is proposed to occur, consisting of a current certificate from a title insurance company, or attorney licensed to practice in the State of Colorado, listing the names of all owners of the property, and all mortgages, judgments, liens, easements, contracts and agreements affecting the parcel, and demonstrating the owner's right to apply for the Development Application. 4. Completed Land Use Application, as applicable. 5. Signed fee agreement. 6. Pre -application Conference Summary. 7 Prnnnca/I rnnrrnminiuim nlo+ DrnyiM.. ^�^^' fvi - "�Sa �icricrr a uiiiary11 available). Once staff has reviewed the proposal and made any necessary corrections, then mylars can be created for recordation. 10. A written description of the proposal and a written explanation of how a proposed development complies with the review standards relevant to the development application. 11.All necessary items found in Land Use Codes Section 26.480.090, Condominiumization. Engineering requirements are available online at: http://www.aspenpitkin.com/Portals/0/docs/City/engineering/survey%20checklists/Condominiu mPlatSurveyChecklist.pdf Disclaimer: The foregoing summary is advisory in nature only and is not binding on the City. The summary is based on current zoning, which is subject to change in the future, and upon factual representations that may or may not be accurate. The summary does not create a legal or vested right. OrderNo.: F0409826-370-BBB • Policy7Vo.: CO-FSTG-IMP-27306-1-13-F0409826 EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of this policy, and the Company will not pay loss or damage, costs, attorneys' fees, or expenses that arise by reason of I . (a) Any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting, regulating, prohibiting, or relating to (i) the occupancy, use, or enjoyment of the Land; (ii) the character, dimensions or location of any improvement erected on the Land; (iii) the subdivision of land; or (iv) environmental protection; or the effect of any violation of these laws, ordinances, or governmental regulations. This Exclusion 1(a) does not modify or limit the coverage provided under Covered Risk 5. (b) Any governmental police power. This Exclusion I (b) does not modify or limit the coverage provided under Covered Risk 6. 2. Rights of eminent domain. This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8. 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, not recorded in the Public Records at Date of Policy, but Known to the Insured Claimant and not disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this policy; (c) resulting in no loss or damage to the Insured Claimant, (d) attaching or created subsequent to Date of Policy (however, this does not modify or limit the coverage provided under Covered Risk 9 and 10), or (e) resulting in loss or damage that would not have been sustained if the Insured Claimant had paid value for the Title. 4. Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights laws, that the transaction vesting the Title as shown in Schedule A, is (a) a fraudulent conveyance or fraudulent transfer; or (b) a preferential transfer for any reason not stated in Covered Risk 9 of this policy. 5. Any lien on the Title for real estate taxes or assessments imposed by governmental authority and created or attaching between Date of Policy and the date of recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A. 1. DEFINITION OF TERMS The following terms when used in this policy mean: (a) "Amount of Insurance": The amount stated in Schedule A, as may be increased or decreased by endorsement to this policy, increased by Section 8(b), or decreased by Sections 10 and 11 of these Conditions. (b) "Date of Policy": The date designated as 'Date of Policy" in Schedule A. (c) "Entity": A corporation, partnership, trust, limited liability company, or other similar legal entity. (d) "Insured": The Insured named in Schedule A. (i) The term "Insured" also includes (A) successors to the Title of the Insured by operation of law as distinguished from purchase, including heirs, devisees, survivors, personal representatives, or next of kin; (B) successors to an Insured by dissolution, merger, consolidation, distribution, or reorganization; (C) successors to an Insured by its conversion to another kind of Entity; (D) a grantee of an Insured under a deed delivered without payment of actual valuable consideration conveying the Title (1) if the stock, shares, memberships, or other equity interests of the grantee are wholly -owned by the named Insured, (2) if the grantee wholly owns the named Insured, (3) if the grantee is wholly - owned by an affiliated Entity of the named Insured, provided the affiliated Entity and the named Insured are both wholly -owned by the same person or Entity, or (4) if the grantee is a trustee or beneficiary of a trust created by a written CONDITIONS instrument established by the Insured named in Schedule A for estate planning purposes. (ii) With regard to (A), (B), (C), and (D) reserving, however, all rights and defenses as to any successor that the Company would have had against any predecessor Insured. (e) "Insured Claimant": An Insured claiming loss or damage. (f) "Knowledge" or "Known": Actual knowledge, not constructive knowledge or notice that may be imputed to an Insured by reason of the Public Records or any other records that impart constructive notice of matters affecting the Title. (g) "Land": The land described in Schedule A. and affixed improvements that by law constitute real property. The term "Land" does not include any property beyond the lines of the area described in Schedule A, nor any right, title, interest, estate, or easement in abutting streets, roads, avenues, alleys, lanes, ways, or waterways, but this does not modify or limit the extent that a right of access to and from the Land is insured by this policy. (h) "Mortgage": Mortgage, deed of trust, trust deed, or other security instrument, including one evidenced by electronic means authorized by law. (i) "Public Records": Records established under state statutes at Date of Policy for the purpose of imparting constructive notice of matters relating to real property to purchasers for value and without Knowledge. With respect to Covered Risk 5(d), "Public Records" shall also include environmental protection liens filed in the records of the clerk of the United States District Court for the district where the Land is located. 0) "Title": The estate or interest described in Schedule A. (k) "Unmarketable Title": Title affected by an alleged or apparent matter that would permit a prospective purchaser or lessee of the Title or lender on the Title to he released from the obligation to purchase, lease, or lend if there is a contractual condition requiring the delivery of marketable title. 2. CONTINUATION OF INSURANCE The coverage of this policy shall continue in force as of Date of Policy in favor of an Insured, but only so long as the Insured retains an estate or interest in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured. or only so long as the Insured shall have liability by reason of warranties in any transfer or conveyance of the Title. This policy shall not continue in force in favor of any purchaser from the Insured of either (i) an estate or interest in the Land, or (ii) an obligation secured by a purchase money Mortgage given to the Insured. 3. NOTICE OF CLAIM TO BE GIVEN BV INSURED CLAIMANT The Insured shall notify the Company promptly in writing (i) in case of any litigation as set forth in Section 5(a) of these Conditions, (ii) in case Knowledge shall come to an Insured hereunder of any claim of title or interest that is adverse to the Title, as insured, and that might cause loss or damage for which the Company may be liable by virtue of this policy, or (iii) if the Title, as insured, is rejected as Unmarketable Title. If the Company is prejudiced by the failure of the Insured Claimant to provide prompt notice, the Company's liability to the Insured Claimant under the policy shall be reduced to the extent of the prejudice. 4. PROOF OF LOSS In the event the Company is unable to determine the amount of loss or damage, the Company may, at its option, require as a condition of payment that the Insured Claimant furnish a signed proof of loss. The proof of loss must describe the defect, lien, encumbrance, or other matter insured against by this policy that constitutes the basis of loss or damage and shall state, to the extent possible, the basis of calculating the amount of the loss or damage. 27306 (6/06) ALTA Owner's Policy (6/17/06) Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA AMERICAN members in good standing as of the date of use. All other uses are prohibited Reprinted under license from the American Land LAND TITLE ASSMIATION Title Association Irk 4 Order No.: F0409826-370-BBB • Policy p.. CO-FSTG-IMP-27306-1-13-F0409826 5. DEFENSE AND PROSECUTION OF maintained, including books, ledgers, checks, by the Insured Claimant who has suffered loss or ACTIONS memoranda, correspondence, reports, e-mails, disks, damage by reason of matters insured against by this (a) Upon written request by the Insured, and tapes, and videos whether bearing a date before or policy. subject to the options contained in Section 7 of these after Date of Policy, that reasonably pertain to the (a) The extent of liability of the Company for Conditions, the Company, at its own cost and without loss or damage. Further, if requested by any loss or damage under this policy shall not exceed the unreasonable delay, shall provide for the defense of authorized representative of the Company, the lesser of an Insured in litigation in which any third party Insured Claimant shall grant its permission, in (i) the Amount of Insurance; or asserts a claim covered by this policy adverse to the writing, for any authorized representative of the (ii) the difference between the value of Insured. This obligation is limited to only those stated Company to examine, inspect, and copy all of these the Title as insured and the value of the Title subject causes of action alleging matters insured against by records in the custody or control of a third party that to the risk insured against by this policy. this policy. The Company shall have the right to reasonably pertain to the loss or damage. All (b) If the Company pursues its rights under select counsel of its choice (subject to the right of the information designated as confidential by the Insured Section 5 of these Conditions and is unsuccessful in Insured to object for reasonable cause) to represent Claimant provided to the Company pursuant to this establishing the Title, as insured, the Insured as to those stated causes of action. It shall Section shall not be disclosed to others unless, in the (i) the Amount of Insurance shall be not be liable for and will not pay the fees of any other reasonable judgment of the Company, it is necessary increased by 10%, and counsel. The Company will not pay any fees, costs, in the administration of the claim. Failure of the (ii) the Insured Claimant shall have the or expenses incurred by the Insured in the defense of Insured Claimant to submit for examination under right to have the loss or damage determined either as those causes of action that allege matters not insured oath, produce any reasonably requested information, of the date the claim was made by the Insured against by this policy. or grant permission to secure reasonably necessary Claimant or as of the date it is settled and paid. (b) The Company shall have the right, in information from third parties as required in this (c) In addition to the extent of liability under addition to the options contained in Section 7 of these subsection, unless prohibited by law or governmental (a) and (b), the Company will also pay those costs, Conditions, at its own cost, to institute and prosecute regulation, shall terminate any liability of the attorneys' fees, and expenses incurred in accordance any action or proceeding or to do any other act that in Company under this policy as to that claim. with Sections 5 and 7 of these Conditions. its opinion may be necessary or desirable to establish 7. OPTIONS TO PAY OR OTHERWISE 9. LIMITATION OF LIABILITY the Title, as insured, or to prevent or reduce loss or SETTLE CLAIMS; TERMINATION OF (a) If the Company establishes the Title, or damage to the Insured. The Company may take any LIABILITY removes the alleged defect, lien or encumbrance, or appropriate action under the terms of this policy, In case of a claim under this policy, the cures the lack of a right of access to or from the whether or not it shall be liable to the Insured. The Company shall have the following additional options: Land, or cures the claim of Unmarketable Title, all as exercise of these rights shall not be an admission of (a) To Pay or Tender Payment of the insured, in a reasonably diligent manner by any liability or waiver of any provision of this policy. If Amount of Insurance. method, including litigation and the completion of the Company exercises its rights under this To pay or tender payment of the Amount of any appeals, it shall have fully performed its subsection, it must do so diligently. Insurance under this policy together with any costs, obligations with respect to that matter and shall not (c) Whenever the Company brings an action attorneys' fees, and expenses incurred by the Insured be liable for any loss or damage caused to the or asserts a defense as required or permitted by this Claimant that were authorized by the Company up to Insured. policy, the Company may pursue the litigation to a the time of payment or tender of payment and that the (b) In the event of any litigation, including final determination by a court of competent Company is obligated to pay. litigation by the Company or with the Company's jurisdiction, and it expressly reserves the right, in its Upon the exercise by the Company of this consent, the Company shall have no liability for loss sole discretion, to appeal from any adverse judgment option, all liability and obligations of the Company to or damage until there has been a final determination or order. the Insured under this policy, other than to make the by a court of competent jurisdiction, and disposition 6. DUTY OF INSURED CLAIMANT TO payment required in this subsection, shall terminate, of all appeals, adverse to the Title, as insured. COOPERATE including any liability or obligation to defend. (c) The Company shall not be liable for loss (a) In all cases where this policy permits or prosecute, or continue any litigation. or damage to the Insured for liability voluntarily requires the Company to prosecute or provide for the (b) To Pay or Otherwise Settle With assumed by the Insured in settling any claim or suit defense of any action or proceeding and any appeals, Parties Other Than the Insured or With the without the prior written consent of the Company. the Insured shall secure to the Company the right to Insured Claimant. 10. REDUCTION OF INSURANCE; so prosecute or provide defense in the action or (i) To pay or otherwise settle with other REDUCTION OR TERMINATION OF proceeding, including the right to use, at its option, parties for or in the name of an Insured Claimant any LIABILITY the name of the Insured for this purpose. Whenever claim insured against under this policy. In addition, All payments under this policy, except requested by the Company, the Insured, at the the Company will pay any costs, attorneys' fees, and payments made for costs, attorneys' fees, and Company's expense, shall give the Company all expenses incurred by the Insured Claimant that were expenses, shall reduce the Amount of Insurance by reasonable aid (i) in securing evidence, obtaining authorized by the Company up to the time of the amount of the payment. witnesses, prosecuting or defending the action or payment and that the Company is obligated to pay; or 11. LIABILITY NONCUMULATIVE proceeding, or effecting settlement, and (ii) in any (ii) To pay or otherwise settle with the The Amount of Insurance shall be reduced by other lawful act that in the opinion of the Company Insured Claimant the loss or damage provided for any amount the Company pays under any policy may be necessary or desirable to establish the Title or under this policy, together with any costs, attorneys' insuring a Mortgage to which exception is taken in any other matter as insured. If the Company is fees, and expenses incurred by the Insured Claimant Schedule B or to which the Insured has agreed, prejudiced by the failure of the Insured to furnish the that were authorized by the Company up to the time assumed, or taken subject, or which is executed by an required cooperation, the Company's obligations to of payment and that the Company is obligated to pay. Insured after Date of Policy and which is a charge or the Insured under the policy shall terminate, Upon the exercise by the Company of either of lien on the Title, and the amount so paid shall be including any liability or obligation to defend, the options provided for in subsections (b)(i) or (ii), deemed a payment to the Insured under this policy. prosecute, or continue any litigation, with regard to the Company's obligations to the Insured under this 12. PAYMENT OF LOSS the matter or matters requiring such cooperation. policy for the claimed loss or damage, other than the When liability and the extent of loss or damage (b) The Company may reasonably require the payments required to be made, shall terminate, have been definitely fixed in accordance with these Insured Claimant to submit to examination under including any liability or obligation to defend, Conditions, the payment shall be made within 30 oath by any authorized representative of the prosecute, or continue any litigation. days. Company and to produce for examination, inspection. 8. DETERMINATION AND EXTENT OF 13. RIGHTS OF RECOVERY UPON and copying, at such reasonable times and places as LIABILITY PAYMENT OR SETTLEMENT may be designated by the authorized representative of This policy is a contract of indemnity against (a) Whenever the Company shall have settled the Company, all records, in whatever medium actual monetary loss or damage sustained or incurred and paid a claim under this policy, it shall be 27306 (6/06) ALTA Owner's Policy (6/17/06) Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA AMERICAN members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land LAND TITLF ASSMIATIVN Title Association. Order No.: F0409826-370-BBB Policy No.: CO-FSTG-IMP-27306-1-13-F0409826 subrogated and entitled to the rights of the Insured Claimant in the Title and all other rights and remedies in respect to the claim that the Insured Claimant has against any person or property, to the extent of the amount of any loss, costs, attorneys' fees, and expenses paid by the Company. if requested by the Company, the Insured Claimant shall execute documents to evidence the transfer to the Company of these rights and remedies. The Insured Claimant shall permit the Company to sue, compromise, or settle in the name of the Insured Claimant and to use the name of the Insured Claimant in any transaction or litigation involving these rights and remedies. If a payment on account of a claim does not fully cover the loss of the Insured Claimant, the Company shall defer the exercise of its right to recover until after the Insured Claimant shall have recovered its loss. (b) The Company's right of subrogation includes the rights of the Insured to indemnities, guaranties, other policies of insurance, or bonds, notwithstanding any terms or conditions contained in those instruments that address subrogation rights. 14. ARBITRATION Either the Company or the Insured may demand that the claim or controversy shall be submitted to arbitration pursuant to the Title Insurance Arbitration Rules of the American Land Title Association ( "Rules"). Except as provided in the Rules, there shall be no joinder or consolidation with claims or controversies of other persons. Arbitrable matters may include, but are not limited to, any controversy or claim between the Company and the Insured arising out of or relating to this policy, any service in connection with its issuance or the breach of a policy provision, or to any other controversy or claim arising out of the transaction giving rise to this policy. All arbitrable matters when the Amount of Insurance is $2,000,000 or less shall be arbitrated at the option of either the Company or the Insured. All arbitrable matters when the Amount of Insurance is in excess of $2.000,000 shall be arbitrated only when agreed to by both the Company and the Insured. Arbitration pursuant to this policy and under the Rules shall be binding upon the parties. Judgment upon the award rendered by the Arbitrator(s) may be entered in any court of competent jurisdiction. 15. LIABILITY LIMITED TO THIS POLICY; POLICY ENTIRE CONTRACT (a) This policy together with all endorsements, if any, attached to it by the Company is the entire policy and contract between the Insured and the Company. In interpreting any provision of this policy, this policy shall be construed as a whole. (b) Any claim of loss or damage that arises out of the status of the Title or by any action asserting such claim shall be restricted to this policy. (c) Any amendment of or endorsement to this policy must be in writing and authenticated by an authorized person, or expressly incorporated by Schedule A of this policy. (d) Each endorsement to this policy issued at any time is made a part of this policy and is subject to all of its terms and provisions. Except as the endorsement expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsement, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. 16. SEVERABILITY In the event any provision of this policy, in whole or in part, is held invalid or unenforceable under applicable law, the policy shall be deemed not to include that provision or such part held to be invalid, but all other provisions shall remain in full force and effect. 17. CHOICE OF LAW; FORUM (a) Choice of Law: The Insured acknowledges the Company has underwritten the risks covered by this policy and determined the premium charged therefor in reliance upon the law affecting interests in real property and applicable to the interpretation, rights, remedies, or enforcement of policies of title insurance of the jurisdiction where the Land is located. Therefore, the court or an arbitrator shall apply the law of the jurisdiction where the Land is located to determine the validity of claims against the Title that are adverse to the Insured and to interpret and enforce the terms of this policy. In neither case shall the court or arbitrator apply its conflicts of law principles to determine the applicable law. (b) Choice of Forum: Any litigation or other proceeding brought by the Insured against the Company must be filed only in a state or federal court within the United States of America or its territories having appropriate jurisdiction. 18. NOTICES, WHERE SENT Any notice of claim and any other notice or statement in writing required to be given to the Company under this policy must be given to the Company at Fidelity National Title Insurance Company, Attn: Claims Department, Post Office Box 45023. Jacksonville, Florida 32232-5023. 27306 (6/06) ALTA Owner's Policy (6/17/06) Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA AMERICAN members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land LAND TITLE A11MIATIL)N Title Association. Order No.: F0409826-370-BBB 0 Policy No•O-FSTG-IMP-27306-1-13-F0409826 Fidelity National Title Insurance Company SCHEDULE A Name and Address of Title Insurance Company: Fidelity National Title Company 1277 Kelly Johnson Blvd # 100, Colorado Springs, CO 80920 Policy No.: CO-FSTG-IMP-27306-1-13-FO409826 Address Reference: 501 Park Circle, Aspen, CO 81611 Amount of Insurance: $1,450,000.00 Date of Policy: June 5, 2012 at 6:00 PM Name of Insured: GSS Park LLC, a Colorado limited liability company 2. The estate or interest in the Land that is insured by this policy is: Fee Simple 3. Title is vested in: GSS Park LLC, a Colorado limited liability company 4. The Land referred to in this policy is described as follows: See Exhibit A attached hereto and made a part hereof. 27306A (6/06) ALTA Owner's Policv (6/17/06 Order No.: F0409826-370-BBB Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA AMFRICAN members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land LAND TITLE Title Association. Order No.: F0409826-370-BBB • Policy N•O-FSTG-IMP-27306-1-13-FO409826 EXHIBIT A LEGAL DESCRIPTION THE LAND REFERRED TO IN THIS POLICY IS DESCRIBED AS FOLLOWS: Lot 4, Sunny Park North Subdivision, according to the plat thereof recorded November 22, 1965 in Plat Book 3 at Page 52, County of Pitkin, State of Colorado. 27306A (6/06) ALTA Owner's Policv (6/17/06 Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA AMERICAN members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land `AN, ° TITLE Title Association. Order No. F0409826-370-BBB Policy No•. CO-FSTG-IMP-27306-1-13-F0409826 SCHEDULE B EXCEPTIONS FROM COVERAGE This policy does not insure against loss or damage, and the Company will not pay costs, attorneys' fees, or expenses that arise by reason of: (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof, (c) water rights, claims of title to water, whether or not the matters excepted under (a), (b), or (c) are shown by the Public Records. (a) Taxes or assessments that are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the Public Records; (b) proceedings by a public agency that may result in taxes or assessments, or notices of such proceedings, whether or not shown by the records of such agency or by the Public Records. All taxes and assessments for the year 2012 and subsequent years, a lien but not yet due or payable. 4. Reservations contained in the Patent From: The United States of America Recording Date: May 20, 1949 Recording No: Book 175 at Page 168 and Book 175 at Page 171 Which among other things recites as follows: The right of the proprietor of a vein or lode to extract and remove his ore therefrom should the same be found to penetrate or intersect the premises hereby granted as provided by law. Restrictions as contained in instrument recorded March 30, 1964 in Book 206 at Page 301, providing as follows: That no trailer camps or trailer parks shall be permitted or shall be constructed. 6. Terms, conditions, provisions, agreements and obligations contained in the Easement Agreement as set forth below: Recording Date: September 16, 1977 Recording No.: Book 335 at Page 80 7. Easements, reservations, restrictions and notes as shown on the plat recorded November 22, 1965 in Plat Book 3 at Page 52. 8. Terms, conditions, provisions, agreements and obligations contained in the Water Agreement between John L. Herron, Royal Land Corporation and Antony Beruman as set forth below: Recording Date: November 20, 1974 Recording No.: Book 210 at Page 206 27EO91 ALTA 3-06 Zoning— Unimproved Land (6-17-06) Pap-e Iof2 Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA AM 0.ICAN members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land "N" TITLE -.1-10N Title Association. Order No. F0409826-370-BBB 0 PolicyfooCO-FSTG-IMP-27306-1-13-F0409826 9. Any rights, interests, or claims which may exist or arise by reason of the following matters disclosed by survey, Job No.: none given Dated: May 25, 2012 Prepared by: Tuttle Surveying Services Matters shown: a. encroachment of neighbors asphalt parking b. encroachment of neighbors tier wall planter 10. Any loss or damage arising from the fact that any fence lines on or near the perimeter of the Land may not coincide with property lines, as disclosed by improvement survey plat prepared by Tuttle Surveying Services, dated May 25, 2012. Order No.: F0409826-370-BBB 0 (c) the subdivision of land; or (d) environmental protection Policypo.: CO-FSTG-IMP-27306-1-13-F0409826 if a notice, describing any part of the Land, is recorded in the Public Records setting forth the violation or intention to enforce, but only to the extent of the violation or enforcement referred to in that notice. 6. An enforcement action based on the exercise of a governmental police power not covered by Covered Risk 5 if a notice of the enforcement action, describing any part of the Land, is recorded in the Public Records, but only to the extent of the enforcement referred to in that notice. 7. The exercise of the rights of eminent domain if a notice of the exercise, describing any part of the Land, is recorded in the Public Records. 8. Any taking by a governmental body that has occurred and is binding on the rights of a purchaser for value without Knowledge. 9. Title being vested other than as stated Schedule A or being defective (a) as a result of the avoidance in whole or in part, or from a court order providing an alternative remedy, of a transfer of all or any part of the title to or any interest in the Land occurring prior to the transaction vesting Title as shown in Schedule A because that prior transfer constituted a fraudulent or preferential transfer under federal bankruptcy, state insolvency, or similar creditors' rights laws; or (b) because the instrument of transfer vesting Title as shown in Schedule A constitutes a preferential transfer under federal bankruptcy, state insolvency, or similar creditors' rights laws by reason of the failure of its recording in the Public Records (i) to be timely, or (ii) to impart notice of its existence to a purchaser for value or to a judgment or lien creditor. 10. Any defect in or lien or encumbrance on the Title or other matter included in Covered Risks 1 through 9 that has been created or attached or has been filed or recorded in the Public Records subsequent to Date of Policy and prior to the recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A. The Company will also pay the costs, attorneys' fees, and expenses incurred in defense of any matter insured against by this Policy, but only to the extent provided in the Conditions. IN WITNESS WHEREOF, FIDELITY NATIONAL TITLE INSURANCE COMPANY has caused this policy to be signed and sealed by its duly authorized officers. Fidelity National Title Insurance Company Countersigned By: SEAL Pre idont Attest: Authorized Signature Secretary 27306 (6/06) ALTA Owner's Policy (6/17/06) Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA AMERICAN members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land LAND TITLE Af3(1CIATIDN Title Association. • 0 CITY OF ASPEN COMMUNITY DEVELOPMENT DEPARTMENT GENERAL LAND USE APPLICATION PACKET THE CRY of ASPEN Attached is an Application for review of Development that requires Land Use Review pursuant to the City of Aspen Land Use Code. Included in this package are the following attachments: I . Development Application Fee Policy, Fee Schedule and Agreement for Payment Form 2. Land Use Application Form 3. Dimensional Requirements Form 4. Matrix of Land Use Application Requirements/Submittal Requirements Key 5. General Summary of Your Application Process 6. Public Hearing Notice Requirements 7. Affidavit of Notice All applications are reviewed based on the criteria established in Title 26 of the Aspen Municipal Code. Title 26 of the Aspen Municipal Code is available at the City Clerk's Office on the second floor of City Hall and on the internet at www.aspenpitkin.com , City Departments, City Clerk, Municipal Code, and search Title 26. We strongly encourage all applicants to hold a pre -application conference with a Planner in the Community Development Department so that the requirements for submitting a complete application can be fully described. Also, depending upon the complexity of the development proposed, submitting one copy of the development application to the Case Planner to determine accuracy, insufficiencies, or redundancies can reduce the overall cost of materials and Staff time. Please recognize that review of these materials does not substitute for a complete review of the Aspen Land Use Regulations. While this application package attempts to summarize the key provisions of the Code as they apply to your type of development, it cannot possibly replicate the detail or the scope of the Code. If you have questions which are not answered by the materials in this package, we suggest that you contact the staff member assigned to your case or consult the applicable sections of the Aspen Land Use Regulations. Land Use Review Fee Policy The City of Aspen has established a review fee policy for the processing of land use applications. A flat fee or deposit is collected for land use applications based on the type of application submitted. A flat fee is collected by Community Development for applications which normally take a minimal and predictable amount of staff time to process. Review fees for other City departments reviewing the application (referral departments) will also be collected when necessary. Flat fees are cumulative — meaning an application with multiple flat fees must pay the sum of those flat fees. Flat fees are not refundable. A review fee deposit is collected by Community Development when more extensive staff review is required. Actual staff time spent will be charged against the deposit. Various City staff may also charge their time spent on the case in addition to the case planner. Deposit amounts may be reduced if, in the opinion of the Community Development Director, the project is expected to take significantly less time to process than the deposit indicates. A determination on the deposit amount shall be made during the pre -application conference by the case planner. Hourly billing shall still apply. All applications must include an Agreement to Pay Application Fees. One payment including the deposit for Planning and referral agency fees must be submitted with each land use application, made payable to the City of Aspen. Applications will not be accepted for processing without the required application fee. The Community Development Department shall keep an accurate record of the actual time required for the processing of a land use application requiring a deposit. The City can provide a summary report of fees due at the applicant's request. The applicant will be billed for the additional costs incurred by the City when the processing of an application by the Community Development Department takes more time or expense than is covered by the deposit. Any direct costs attributable to a project review shall be billed to the applicant with no additional administrative charge. In the event the processing of an application takes less time than provided for by the deposit, the department shall refund the unused portion of the deposited fee to the applicant. Fees shall be due regardless of whether an applicant receives approval. Unless otherwise combined by the Director for simplicity of billing, all applications for conceptual, final, and recordation of approval documents shall be handled as individual cases for the purposes of billing. Upon conceptual approval all billing shall be reconciled and all past due invoices shall be paid prior to the Director accepting an application for final review. Final review shall require a new deposit at the rate in effect at the time of final application submission. Upon final approval all billing shall again be reconciled prior to the Director accepting an application for review of technical documents for recordation. The Community Development Director may cease processing of a land use application for which an unpaid invoice is 30 or more days past due. Unpaid invoices of 90 or more days past due may be assessed a late fee of 1.75% per month. An unpaid invoice of 120 days or more may be subject to additional actions as may be assigned by the Municipal Court Judge. All payment information is public domain. All invoices shall be paid prior to issuance of a Development Order or recordation of development agreements and plats. The City will not accept a building permit for a property until all invoices are paid in full. For permits already accepted, an unpaid invoice of 90 or more days may result in cessation of building permit processing or issuance of a stop work order until full payment is made. The property owner of record is the party responsible for payment of all costs associated with a land use application for the property. Any secondary agreement between a property owner and an applicant representing the owner (e.g. a contract purchaser) regarding payment of fees is solely between those private parties. 0 0 July 23,2013 This document is to authorize Amos Underwood, the PBRworkshop, PO box 512 Snowmass Colorado 81654 Phone # 970-274-0481 to represent us in our application for condo miniumizing our Park Circle property. Garry Snook, Manager GSS Park, LLC PO Box 66 Carbondale, Co 81623 / 970-963-3517 C Cl C� FIDELITY N ATIONAL TITLE COMPANY GSS Park LLC P.O. Box 66 Carbondale, CO 81623 Date: July 19, 2013 File Number: 598-FO409826-370-BBB Property Address: 501 Park Circle, Aspen, CO 81611 Policy Number: CO-FSTG-IMP-27306-1-13-F0409826 Dear New Property Owner: 1277 Kelly Johnson Blvd # 100, Colorado Springs, CO 80920 Phone: (719) 590-1711 Fax: (719) 531-5864 Congratulations on your real estate purchase. Enclosed is your Policy of Title Insurance. This policy contains important information about your real estate transaction, and it insures you against certain risks to your ownership. Please read it and retain it with your other valuable papers. A permanent record of your recorded title documents is accessible through our office. These records will enable prompt processing of future title orders and save valuable time should you wish to sell or obtain a loan on your property. Visit or call our office and simply give us your personal policy file number when you need assistance. In the event you sell your property or borrow money from a mortgage lender you may be entitled to a discount rate if you order your title insurance through this company. We appreciate the opportunity of serving you and will be happy to assist you in any way in regard to your future title service needs Sincerely, Fidelity National Title Company 27306 (6/06) ALTA Owner's Policy (6/17/06) Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA AMERICAN members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land LAND TITLE AaLxunoN Title Association. • mn Fidelity National Title Insurance Company POLICY NO.: CO-FSTG-IMP-27306-1-13-F0409826 OWNER'S POLICY OF TITLE INSURANCE Issued by Fidelity National Title Insurance Company Any notice of claim and any other notice or statement in writing required to be given the Company under this Policy must be given to the Company at the address shown in Section 18 of the Conditions. COVERED RISKS SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B, AND THE CONDITIONS, FIDELITY NATIONAL TITLE INSURANCE COMPANY, a California corporation (the "Company") insures, as of Date of Policy and, to the extent stated in Covered Risks 9 and 10, after Date of Policy, against loss or damage, not exceeding the Amount of Insurance, sustained or incurred by the Insured by reason of: 1. Title being vested other than as stated in Schedule A. 2. Any defect in or lien or encumbrance on the Title. This Covered Risk includes but is not limited to insurance against loss from (a) A defect in the Title caused by 0) forgery, fraud, undue influence, duress, incompetency, incapacity, or impersonation; (ii) failure of any person or Entity to have authorized a transfer or conveyance; (iii) a document affecting Title not properly created, executed, witnessed, sealed, acknowledged, notarized, or delivered; (iv) failure to perform those acts necessary to create a document by electronic means authorized by law; (v) a document executed under a falsified, expired, or otherwise invalid power of attorney; (vi) a document not properly filed, recorded, or indexed in the Public Records including failure to perform those acts by electronic means authorized by law; or (vii) a defective judicial or administrative proceeding. (b) The lien of real estate taxes or assessments imposed on the Title by a governmental authority due or payable, but unpaid. (c) Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the Land. The term "encroachment" includes encroachments of existing improvements located on the Land onto adjoining land, and encroachments onto the Land of existing improvements located on adjoining land. Unmarketable Title. 4. No right of access to and from the Land. The violation or enforcement of any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting, regulating, prohibiting, or relating to (a) the occupancy, use, or enjoyment of the Land; (b) the character, dimensions, or location of any improvement erected on the Land; 27306 (6/06) ALTA Owner's Policy (6/17/06) Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA AM E RICAN members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land LAND TITLE —11LIATIO. Title Association. lk March 23, 2013 Sara Adams City Of Aspen 130 S. Galena Street Aspen, Colorado 81611 Re: Summary of Request: Condominiumization of Parcel at 501 Park Circle PID # 273707401003 Dear Mrs. Adams, GSS Park LLC, herein known as the applicant, requests approval for the condominiumization of Lot 7, in the Sunny Park North Subdivision. The location of the parcel is 501 Park Circle. The parcel contains 15,187 Sq. Ft. or 0.35 acres and is zoned R-15. City of Aspen Land Use Code in small font; Applicant Response is in bold 26.480.090. Condominiumization. A. General. Where a proposed development is to include a condominium form of ownership or if an existing development is to be converted to a condominium form of ownership, in whole or in part, a condominium subdivision plat reflecting all condominiumized units or that portion of the development to be condominiumized, shall be submitted to the Community Development Director for review and approval as a subdivision pursuant to the terms and provisions of this Section. (a) A Condominium Map of Park Condominium Association has been attached to the Land Use Application provided by Tuttle Surveying Services B. Procedure. A development application for a condominiumization shall be reviewed and approved, approved with conditions, or denied by the Community Development Director, pursuant to the procedures and standards in this Section and Common Development Review Procedures set forth at Chapter 26.304. No condominiumization shall be approved by the Community Development Director unless compliance with all application portions of this Section, applicable portions of this Chapter and applicable portions of this Title are demonstrated. (b) Applicant agrees to the procedure. All portions of this Title are demonstrated 1. Contents of application. The contents of a development application for a condominium or condominiumization shall include the following: a) The general application information required in Common Development Review Procedures set forth at Section 26.304.030. b) A condominium subdivision plat drawn with permanent ink on reproducible Mylar. Sheet size shall be twenty-four (24) inches by thirty-six (36) inches with an unencumbered margin of one and one-half (1'/z) inches on the left hand side of the sheet and a one-half ('/2) inch margin around the other three (3) sides of the sheet. It shall include: (1) Accurate dimensions for all lines, angles and curves used to describe boundaries, streets, setbacks, alleys, easements, structures, areas to be reserved or dedicated for public or common use and other important features. All curves shall be circular arcs and shall be defined by the radius, central angle, tangent, arc and chord distances. All dimensions, both linear and angular, are to be determined by an accurate control survey in the field which must balance and close within a limit of one (1) in ten thousand (10,000). PARCEL ID: 273707401003 (2) The plat shall be drawn at a scale of one (1) inch equals one hundred (100) feet or larger. Architectural scales are not acceptable. If it is necessary to place the plat on more than one (1) sheet, an index shall be included on the first sheet. A vicinity map shall also appear on the first sheet showing the condominium project as it relates to the rest of the City and the street system in the area of the proposed condominium. (3) A description of all survey monuments, both found and set, which mark the boundaries of the subdivision and description of all monuments used in conducting the survey. The Colorado Coordinate System may be used. (4) A statement by the land surveyor explaining how bearings, if used, were determined. (5) A certificate by the registered land surveyor as to the accuracy of the survey and plat and a statement that the survey was performed in accordance with Title 38, Article, 51, C.R.S. 1973, as amended from time to time. (6) A certificate by a corporate Title insurer, that the person or person dedicating to the public the public rights -of -way, areas or facilities as shown thereon are the owners thereof in fee simple, free and clear of all liens and encumbrances. (7) Certificates showing approval of the final plat by the City Engineer and Community Development Director. (8) A certificate of filing for the County Clerk and Recorder. (9) Copies of any monument records required of the land surveyor in accordance with Title 38, Article 53, C.R.S. 1973, as amended from time to time. (1) The application includes a non-Mylar Plat, meeting all conditions described in subsections; a and b (1-9), for review. The Plat will be transferred to reproducible Mylar once reviewed and approved by the Community Development Department. 2. Recordation. The approved condominium subdivision plat shall be recorded in the office of the County Clerk and Recorder within one hundred eighty (180) days of its approval by the Community Development Director. Failure on the part of the applicant to record the plat within one hundred eighty (180) days following approval by the Community Development Director shall render the plat invalid and a new application and approval will be required. (2) Applicant agrees to the Recordation policy. 3. Subdivision agreement. No subdivision agreement need be prepared or entered into between the applicant and the City pursuant to a condominium or condominium ization approval unless the Community Development Director determines such an agreement is necessary. (3) No Subdivision Agreement has been requested at this time. 4. Minimum lease deed restriction. Minimum lease deed restrictions imposed by the City Council as a condition of condominiumization approval prior to July 1, 1992, shall only be modified or removed with the consent of the City Council. (Ord. No. 55-2000, § 12) (3) No Minimum Lease Deed Restriction has been requested at this time. Summary This application request letter has detailed how this project complies with the applicable City of Aspen Land Use Code requirements for Condominiumization. If any additional information is requested, the applicant will work diligently and timely in gathering and presenting the requested information. PARCEL ID: 273707401003 0 u July 23,2013 This document is to authorize Amos Underwood, the PBRworkshop, PO box 512 Snowmass Colorado 81654 Phone # 970-274-0481 to represent us in our application for condominiumizing our Park Circle property. Garry Snook, Manager GSS Park, LLC PO Box 66 Carbondale, Co 81623 / 970-963-3517 • GFIDELITY NATIONAL TITLE COMPANY GSS Park LLC P.O. Box 66 Carbondale, CO 81623 Date: July 19, 2013 File Number: 598-FO409826-370-BBB Property Address: 501 Park Circle, Aspen, CO 81611 Policy Number: CO-FSTG-IMP-27306-1-13-F0409826 Dear New Property Owner: 1277 Kelly Johnson Blvd # 100, Colorado Springs, CO 80920 Phone: (719) 590-1711 Fax: (719) 531-5864 Congratulations on your real estate purchase. Enclosed is your Policy of Title Insurance. This policy contains important information about your real estate transaction, and it insures you against certain risks to your ownership. Please read it and retain it with your other valuable papers. A permanent record of your recorded title documents is accessible through our office. These records will enable prompt processing of future title orders and save valuable time should you wish to sell or obtain a loan on your property. Visit or call our office and simply give us your personal policy file number when you need assistance. In the event you sell your property or borrow money from a mortgage lender you may be entitled to a discount rate if you order your title insurance through this company. We appreciate the opportunity of serving you and will be happy to assist you in any way in regard to your future title ser\ ice needs Sincerely, Fidelity National Title Company 27306 (6/06) ALTA Owner's Policy (6/17/06) Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA AMERICAN members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land LAND TITLE Title Association. AS>«IAr l>N mn Fidelity National Title Insurance Company POLICY NO.: CO-FSTG-IMP-27306-1-13-F0409826 OWNER'S POLICY OF TITLE INSURANCE Issued by Fidelity National Title Insurance Company Any notice of claim and any other notice or statement in writing required to be given the Company under this Policy must be given to the Company at the address shown in Section 18 of the Conditions. COVERED RISKS SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B, AND THE CONDITIONS, FIDELITY NATIONAL TITLE INSURANCE COMPANY, a California corporation (the "Company") insures, as of Date of Policy and, to the extent stated in Covered Risks 9 and 10, after Date of Policy, against loss or damage, not exceeding the Amount of Insurance, sustained or incurred by the Insured by reason of: Title being vested other than as stated in Schedule A. 2. Any defect in or lien or encumbrance on the Title. This Covered Risk includes but is not limited to insurance against loss from (a) A defect in the Title caused by 0) forgery, fraud, undue influence, duress, incompetency, incapacity, or impersonation; (ii) failure of any person or Entity to have authorized a transfer or conveyance; (iii) a document affecting Title not properly created, executed, witnessed, sealed, acknowledged, notarized, or delivered; (iv) failure to perform those acts necessary to create a document by electronic means authorized by law; (v) a document executed under a falsified, expired, or otherwise invalid power of attorney; (vi) a document not properly filed, recorded, or indexed in the Public Records including failure to perform those acts by electronic means authorized by law; or (vii) a defective judicial or administrative proceeding. (b) The lien of real estate taxes or assessments imposed on the Title by a governmental authority due or payable, but unpaid. (c) Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the Land. The term "encroachment" includes encroachments of existing improvements located on the Land onto adjoining land, and encroachments onto the Land of existing improvements located on adjoining land. 3. Unmarketable Title. 4. No right of access to and from the Land. 5. The violation or enforcement of any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting, regulating, prohibiting, or relating to (a) the occupancy, use, or enjoyment of the Land; (b) the character, dimensions, or location of any improvement erected on the Land; 27306 (6/06) ALTA Owner's Policy (6/17/06) Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA AMERICAN members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land LAND TITLE Title Association. A15(,L AT ON Order No.: F0409826-370-BBB 0 (c) the subdivision of land; or (d) environmental protection PolicRyo.: CO-FSTG-IMP-27306-1-13-F0409826 if a notice, describing any part of the Land, is recorded in the Public Records setting forth the violation or intention to enforce, but only to the extent of the violation or enforcement referred to in that notice. 6. An enforcement action based on the exercise of a governmental police power not covered by Covered Risk 5 if a notice of the enforcement action, describing any part of the Land, is recorded in the Public Records, but only to the extent of the enforcement referred to in that notice. 7. The exercise of the rights of eminent domain if a notice of the exercise, describing any part of the Land, is recorded in the Public Records. 8. Any taking by a governmental body that has occurred and is binding on the rights of a purchaser for value without Knowledge. 9. Title being vested other than as stated Schedule A or being defective (a) as a result of the avoidance in whole or in part, or from a court order providing an alternative remedy, of a transfer of all or any part of the title to or any interest in the Land occurring prior to the transaction vesting Title as shown in Schedule A because that prior transfer constituted a fraudulent or preferential transfer under federal bankruptcy, state insolvency, or similar creditors' rights laws; or (b) because the instrument of transfer vesting Title as shown in Schedule A constitutes a preferential transfer under federal bankruptcy, state insolvency, or similar creditors' rights laws by reason of the failure of its recording in the Public Records (i) to be timely, or (ii) to impart notice of its existence to a purchaser for value or to a judgment or lien creditor. 10. Any defect in or lien or encumbrance on the Title or other matter included in Covered Risks 1 through 9 that has been created or attached or has been filed or recorded in the Public Records subsequent to Date of Policy and prior to the recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A. The Company will also pay the costs, attorneys' fees, and expenses incurred in defense of any matter insured against by this Policy, but only to the extent provided in the Conditions. IN WITNESS WHEREOF, FIDELITY NATIONAL TITLE INSURANCE COMPANY has caused this policy to be signed and sealed by its duly authorized officers. Fidelity National Title Insurance Company Countersigned By: BN 0SEAL I'msid�nt Authorized Signature Secretary 27306 (6/06) ALTA Owner's Policy (6/17/06) Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA AMERICAN members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land `AND TITLE ASS(1CIATI(SN Title Association. Order No.: F0409826-370-BBB Polic�o.: CO-FSTG-IMP-27306-1-13-F0409826 EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of this policy, and the Company will not pay loss or damage, costs, attorneys' fees, or expenses that arise by reason of. I. (a) Any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting, regulating, prohibiting, or relating to (i) the occupancy, use, or enjoyment of the Land: (ii) the character, dimensions or location of any improvement erected on the Land; (iii) the subdivision of land; or (iv) environmental protection; or the effect of any violation of these laws, ordinances, or governmental regulations. This Exclusion I(a) does not modify or limit the coverage provided under Covered Risk 5. (b) Any governmental police power. This Exclusion 1(b) does not modify or limit the coverage provided under Covered Risk 6. 2. Rights of eminent domain. This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8. 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, not recorded in the Public Records at Date of Policy, but Known to the Insured Claimant and not disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this policy; (c) resulting in no loss or damage to the Insured Claimant; (d) attaching or created subsequent to Date of Policy (however, this does not modify or limit the coverage provided under Covered Risk 9 and 10); or (e) resulting in loss or damage that would not have been sustained if the Insured Claimant had paid value for the Title. 4. Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights laws, that the transaction vesting the Title as shown in Schedule A, is (a) a fraudulent conveyance or fraudulent transfer; or (b) a preferential transfer for any reason not stated in Covered Risk 9 of this policy. 5. Any lien on the Title for real estate taxes or assessments imposed by governmental authority and created or attaching between Date of Policy and the date of recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A. DEFINITION OF TERMS The following terms when used in this policy mean: (a) "Amount of Insurance": The amount stated in Schedule A, as may be increased or decreased by endorsement to this policy, increased by Section 8(b), or decreased by Sections 10 and I I of these Conditions. (b) "Date of Policy": The date designated as 'Date of Policy'in Schedule A. (c) "Entity": A corporation, partnership, trust, limited liability company, or other similar legal entity. (d) "Insured": The Insured named in Schedule A. (i) The term "Insured" also includes (A) successors to the Title of the Insured by operation of law as distinguished from purchase, including heirs, devisees, survivors, personal representatives, or next of kin; (B) successors to an Insured by dissolution, merger, consolidation. distribution, or reorganization: (C) successors to an Insured by its conversion to another kind of Entity; (D) a grantee of an Insured under a deed delivered without payment of actual valuable consideration conveying the Title (1) if the stock, shares, memberships, or other equity interests of the grantee are wholly -owned by the named Insured, (2) if the grantee wholly owns the named Insured, (3) if the grantee is wholly - owned by an affiliated Entity of the named Insured, provided the affiliated Entity and the named Insured are both wholly -owned by the same person or Entity, or (4) if the grantee is a trustee or beneficiary of a trust created by a written CONDITIONS instrument established by the Insured named in Schedule A for estate planning purposes. (ii) With regard to (A), (B), (C), and (D) reserving, however, all rights and defenses as to any successor that the Company would have had against any predecessor Insured. (e) "Insured Claimant": An Insured claiming loss or damage. (f) -Knowledge" or "Known": Actual knowledge, not constructive knowledge or notice that may be imputed to an Insured by reason of the Public Records or any other records that impart constructive notice of matters affecting the Title. (g) "Land": The land described in Schedule A, and affixed improvements that by law constitute real property. The term "Land" does not include any property beyond the lines of the area described in Schedule A, nor any right, title, interest, estate, or easement in abutting streets, roads, avenues, alleys, lanes, ways, or waterways, but this does not modify or limit the extent that a right of access to and from the Land is insured by this policy. (h) "Mortgage": Mortgage, deed of trust, trust deed, or other security instrument, including one evidenced by electronic means authorized by law. (i) "Public Records": Records established under state statutes at Date of Policy for the purpose of imparting constructive notice of matters relating to real property to purchasers for value and without Knowledge. With respect to Covered Risk 5(d). "Public Records" shall also include environmental protection liens filed in the records of the clerk of the United States District Court for the district where the Land is located. 0) "Title": The estate or interest described in Schedule A. (k) "Unmarketable Title": Title affected by an alleged or apparent matter that would permit a prospective purchaser or lessee of the Title or lender on the Title to be released from the obligation to purchase, lease, or lend if there is a contractual condition requiring the delivery of marketable title. 2. CONTINUATION OF INSURANCE The coverage of this policy shall continue in force as of Date of Policy in favor of an Insured, but only so long as the Insured retains an estate or interest in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall have liability by reason of warranties in any transfer or conveyance of the Title. This policy shall not continue in force in favor of any purchaser from the Insured of either (i) an estate or interest in the Land, or (ii) an obligation 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 promptly in writing (i) in case of any litigation as set forth in Section 5(a) of these Conditions, (ii) in case Knowledge shall come to an Insured hereunder of any claim of title or interest that is adverse to the Title, as insured, and that might cause loss or damage for which the Company may be liable by virtue of this policy, or (iii) if the Title, as insured, is rejected as Unmarketable Title. If the Company is prejudiced by the failure of the Insured Claimant to provide prompt notice, the Company's liability to the Insured Claimant under the policy shall be reduced to the extent of the prejudice. 4. PROOF OF LOSS In the event the Company is unable to determine the amount of loss or damage, the Company may, at its option, require as a condition of payment that the Insured Claimant furnish a signed proof of loss. The proof of loss must describe the defect, lien, encumbrance, or other matter insured against by this policy that constitutes the basis of loss or damage and shall state, to the extent possible, the basis of calculating the amount of the loss or damage. 27306 (6/06) ALTA Owner's Policy (6/17/06) Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA AMERICAN members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land LAND TITLE ASS(KIATION Title Association. Order No.: F0409826-370-BBB • Policy No.: CO-FSTG-IMP-27306-1-13-F0409826 5. DEFENSE AND PROSECUTION OF maintained, including books, ledgers, checks, by the Insured Claimant who has suffered loss or ACTIONS memoranda, correspondence, reports, e-mails, disks, damage by reason of matters insured against by this (a) Upon written request by the Insured, and tapes, and videos whether bearing a date before or policy. subject to the options contained in Section 7 of these after Date of Policy, that reasonably pertain to the (a) The extent of liability of the Company for Conditions, the Company, at its own cost and without loss or damage. Further, if requested by any loss or damage under this policy shall not exceed the unreasonable delay, shall provide for the defense of authorized representative of the Company, the lesser of an Insured in litigation in which any third party Insured Claimant shall grant its permission, in (i) the Amount of Insurance; or asserts a claim covered by this policy adverse to the writing, for any authorized representative of the (ii) the difference between the value of Insured. This obligation is limited to only those stated Company to examine, inspect, and copy all of these the Title as insured and the value of the Title subject causes of action alleging matters insured against by records in the custody or control of a third party that to the risk insured against by this policy. this policy. The Company shall have the right to reasonably pertain to the loss or damage. All (b) If the Company pursues its rights under select counsel of its choice (subject to the right of the information designated as confidential by the Insured Section 5 of these Conditions and is unsuccessful in Insured to object for reasonable cause) to represent Claimant provided to the Company pursuant to this establishing the Title, as insured, the Insured as to those stated causes of action. It shall Section shall not be disclosed to others unless, in the (i) the Amount of Insurance shall be not be liable for and will not pay the fees of any other reasonable judgment of the Company, it is necessary increased by 10%, and counsel. The Company will not pay any fees, costs, in the administration of the claim. Failure of the (ii) the Insured Claimant shall have the or expenses incurred by the Insured in the defense of Insured Claimant to submit for examination under right to have the loss or damage determined either as those causes of action that allege matters not insured oath, produce any reasonably requested information, of the date the claim was made by the Insured against by this policy. or grant permission to secure reasonably necessary Claimant or as of the date it is settled and paid. (b) The Company shall have the right, in information from third parties as required in this (c) In addition to the extent of liability under addition to the options contained in Section 7 of these subsection, unless prohibited by law or governmental (a) and (b), the Company will also pay those costs, Conditions, at its own cost, to institute and prosecute regulation, shall terminate any liability of the attorneys' fees, and expenses incurred in accordance any action or proceeding or to do any other act that in Company under this policy as to that claim. with Sections 5 and 7 of these Conditions. its opinion may be necessary or desirable to establish 7. OPTIONS TO PAY OR OTHERWISE 9. LIMITATION OF LIABILITY the Title, as insured, or to prevent or reduce loss or SETTLE CLAIMS; TERMINATION OF (a) If the Company establishes the Title, or damage to the Insured. The Company may take any LIABILITY removes the alleged defect, lien or encumbrance, or appropriate action under the terms of this policy, In case of a claim under this policy, the cures the lack of a right of access to or from the whether or not it shall be liable to the Insured. The Company shall have the following additional options: Land, or cures the claim of Unmarketable Title, all as exercise of these rights shall not be an admission of (a) To Pay or Tender Payment of the insured, in a reasonably diligent manner by any liability or waiver of any provision of this policy. If Amount of Insurance. method, including litigation and the completion of the Company exercises its rights under this To pay or tender payment of the Amount of any appeals, it shall have fully performed its subsection, it must do so diligently. Insurance under this policy together with any costs, obligations with respect to that matter and shall not (c) Whenever the Company brings an action attorneys' fees, and expenses incurred by the Insured be liable for any loss or damage caused to the or asserts a defense as required or permitted by this Claimant that were authorized by the Company up to Insured. policy, the Company may pursue the litigation to a the time of payment or tender of payment and that the (b) In the event of any litigation, including final determination by a court of competent Company is obligated to pay. litigation by the Company or with the Company's jurisdiction, and it expressly reserves the right, in its Upon the exercise by the Company of this consent, the Company shall have no liability for loss sole discretion, to appeal from any adverse judgment option, all liability and obligations of the Company to or damage until there has been a final determination or order. the Insured under this policy, other than to make the by a court of competent jurisdiction, and disposition 6. DUTY OF INSURED CLAIMANT TO payment required in this subsection, shall terminate, of all appeals, adverse to the Title, as insured. COOPERATE including any liability or obligation to defend. (c) The Company shall not be liable for loss (a) In all cases where this policy permits or prosecute, or continue any litigation. or damage to the Insured for liability voluntarily requires the Company to prosecute or provide for the (b) To Pay or Otherwise Settle With assumed by the Insured in settling any claim or suit defense of any action or proceeding and any appeals, Parties Other Than the Insured or With the without the prior written consent of the Company. the Insured shall secure to the Company the right to Insured Claimant. 10. REDUCTION OF INSURANCE; so prosecute or provide defense in the action or (i) To pay or otherwise settle with other REDUCTION OR TERMINATION OF proceeding, including the right to use, at its option, parties for or in the name of an Insured Claimant any LIABILITY the name of the Insured for this purpose. Whenever claim insured against under this policy. In addition, All payments under this policy, except requested by the Company, the Insured, at the the Company will pay any costs, attorneys' fees, and payments made for costs, attorneys' fees, and Company's expense, shall give the Company all expenses incurred by the Insured Claimant that were expenses, shall reduce the Amount of Insurance by reasonable aid (i) in securing evidence, obtaining authorized by the Company up to the time of the amount of the payment. witnesses, prosecuting or defending the action or payment and that the Company is obligated to pay: or 11. LIABILITY NONCUMULATIVE proceeding, or effecting settlement, and (ii) in any (ii) To pay or otherwise settle with the The Amount of Insurance shall be reduced by other lawful act that in the opinion of the Company Insured Claimant the loss or damage provided for any amount the Company pays under any policy may be necessary or desirable to establish the Title or under this policy, together with any costs, attorneys' insuring a Mortgage to which exception is taken in any other matter as insured. If the Company is fees, and expenses incurred by the Insured Claimant Schedule B or to which the Insured has agreed, prejudiced by the failure of the Insured to famish the that were authorized by the Company up to the time assumed, or taken subject, or which is executed by an required cooperation, the Company's obligations to of payment and that the Company is obligated to pay. Insured after Date of Policy and which is a charge or the Insured under the policy shall terminate, Upon the exercise by the Company of either of lien on the Title, and the amount so paid shall be including any liability or obligation to defend, the options provided for in subsections (b)(i) or (ii), deemed a payment to the Insured under this policy. prosecute, or continue any litigation, with regard to the Company's obligations to the Insured under this 12. PAYMENT OF LOSS the matter or matters requiring such cooperation. policy for the claimed loss or damage, other than the When liability and the extent of loss or damage (b) The Company may reasonably require the payments required to be made, shall terminate, have been definitely fixed in accordance with these Insured Claimant to submit to examination under including any liability or obligation to defend. Conditions, the payment shall be made within 30 oath by any authorized representative of the prosecute, or continue any litigation. days. Company and to produce for examination, inspection, 8. DETERMINATION AND EXTENT OF 13. RIGHTS OF RECOVERY UPON and copying, at such reasonable times and places as LIABILITY PAYMENT OR SETTLEMENT may be designated by the authorized representative of This policy is a contract of indemnity against (a) Whenever the Company shall have settled the Company, all records, in whatever medium actual monetary loss or damage sustained or incurred and paid a claim under this policy, it shall be 27306 (6/06) ALTA Owner's Policy (6/17/06) Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA AMERICAN members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land LAND TITLE ASSOCIATION Title Association. Order No.: F0409826-370-BBB Policy No.: CO-FSTG-IMP-27306-1-13-F0409826 subrogated and entitled to the rights of the Insured Claimant in the Title and all other rights and remedies in respect to the claim that the Insured Claimant has against any person or property, to the extent of the amount of any loss, costs, attorneys' fees, and expenses paid by the Company. If requested by the Company, the Insured Claimant shall execute documents to evidence the transfer to the Company of these rights and remedies. The Insured Claimant shall permit the Company to sue, compromise, or settle in the name of the Insured Claimant and to use the name of the Insured Claimant in any transaction or litigation involving these rights and remedies. If a payment on account of a claim does not fully cover the loss of the Insured Claimant, the Company shall defer the exercise of its right to recover until after the Insured Claimant shall have recovered its loss. (b) The Company's right of subrogation includes the rights of the Insured to indemnities, guaranties, other policies of insurance, or bonds, notwithstanding any terms or conditions contained in those instruments that address subrogation rights. 14. ARBITRATION Either the Company or the Insured may demand that the claim or controversy shall be submitted to arbitration pursuant to the Title Insurance Arbitration Rules of the American Land Title Association ( "Rules"). Except as provided in the Rules, there shall be no joinder or consolidation with claims or controversies of other persons. Arbitrable matters may include, but are not limited to, any controversy or claim between the Company and the Insured arising out of or relating to this policy, any service in connection with its issuance or the breach of a policy provision, or to any other controversy or claim arising out of the transaction giving rise to this policy. All arbitrable matters when the Amount of Insurance is $2,000,000 or less shall be arbitrated at the option of either the Company or the Insured. All arbitrable matters when the Amount of Insurance is in excess of $2,000,000 shall be arbitrated only when agreed to by both the Company and the Insured. Arbitration pursuant to this policy and under the Rules shall be binding upon the parties. Judgment upon the award rendered by the Arbitrator(s) may be entered in any court of competent jurisdiction. 15. LIABILITY LIMITED TO THIS POLICY; POLICY ENTIRE CONTRACT (a) This policy together with all endorsements, if any, attached to it by the Company is the entire policy and contract between the Insured and the Company. In interpreting any provision of this policy, this policy shall be construed as a whole. (b) Any claim of loss or damage that arises out of the status of the Title or by any action asserting such claim shall be restricted to this policy. (c) Any amendment of or endorsement to this policy must be in writing and authenticated by an authorized person, or expressly incorporated by Schedule A of this policy. (d) Each endorsement to this policy issued at any time is made a part of this policy and is subject to all of its terms and provisions. Except as the endorsement expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsement, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. 16. SEVERABILITV In the event any provision of this policy, in whole or in part, is held invalid or unenforceable under applicable law, the policy shall be deemed not to include that provision or such part held to be invalid, but all other provisions shall remain in full force and effect. 17. CHOICE OF LAW; FORUM (a) Choice of Law: The Insured acknowledges the Company has underwritten the risks covered by this policy and determined the premium charged therefor in reliance upon the law affecting interests in real property and applicable to the interpretation, rights, remedies, or enforcement of policies of title insurance of the jurisdiction where the Land is located. Therefore, the court or an arbitrator shall apply the law of the jurisdiction where the Land is located to determine the validity of claims against the Title that are adverse to the Insured and to interpret and enforce the terms of this policy. In neither case shall the court or arbitrator apply its conflicts of law principles to determine the applicable law. (b) Choice of Forum: Any litigation or other proceeding brought by the Insured against the Company must be filed only in a state or federal court within the United States of America or its territories having appropriate jurisdiction. 18. NOTICES, WHERE SENT Any notice of claim and any other notice or statement in writing required to be given to the Company under this policy must be given to the Company at Fidelity National Title Insurance Company, Attn: Claims Department, Post Office Box 45023, Jacksonville, Florida 32232-5023. 27306 (6/06) ALTA Owner's Policy (6/17/06) Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA AMERICAN members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land LAND TITLE ASXIIIATION Title Association. lk Order No.: F0409826-370-BBB 0 Policy No.: CO-FSTG-IMP-27306-1-13-F0409826 Fidelity National Title Insurance Company SCHEDULE A Name and Address of Title Insurance Company: Fidelity National Title Company 1277 Kelly Johnson Blvd # 100, Colorado Springs, CO 80920 Policy No.: CO-FSTG-IMP-27306-1-13-F0409826 Address Reference: 501 Park Circle, Aspen, CO 81611 Amount of Insurance: $1,450,000.00 Date of Policy: June 5, 2012 at 6:00 PM l . Name of Insured: GSS Park LLC, a Colorado limited liability company 2. The estate or interest in the Land that is insured by this policy is: Fee Simple 3. Title is vested in: GSS Park LLC, a Colorado limited liability company 4. The Land referred to in this policy is described as follows: See Exhibit A attached hereto and made a part hereof. 27306A (6/06) ALTA Owner's Policv (6/17/06 Order No.: F0409826-370-BBB Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA AMERICAN members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land All {,TITLE Title Association. ATION Order No.: F0409826-370-BBB 10 Policy No4-0O-FSTG-IMP-27306-1-13-F0409826 EXHIBIT A LEGAL DESCRIPTION THE LAND REFERRED TO IN THIS POLICY IS DESCRIBED AS FOLLOWS: Lot 4, Sunny Park North Subdivision, according to the plat thereof recorded November 22, 1965 in Plat Book 3 at Page 52, County of Pitkin, State of Colorado. 27306A (6/06) ALTA Owner's Policv (6/17/06 Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA A.ERICAN members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land LAND TITLE A„1,L:iATiuN Title Association. Order No. F0409826-370-BBB Policy #0000-FSTG-IMP-27306-1-13-F0409826 SCHEDULE B EXCEPTIONS FROM COVERAGE This policy does not insure against loss or damage, and the Company will not pay costs, attorneys' fees, or expenses that arise by reason of: (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof, (c) water rights, claims of title to water, whether or not the matters excepted under (a), (b), or (c) are shown by the Public Records. 2. (a) Taxes or assessments that are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the Public Records; (b) proceedings by a public agency that may result in taxes or assessments, or notices of such proceedings, whether or not shown by the records of such agency or by the Public Records. 3. All taxes and assessments for the year 2012 and subsequent years, a lien but not yet due or payable. 4. Reservations contained in the Patent From: The United States of America Recording Date: May 20, 1949 Recording No: Book 175 at Page 168 and Book 175 at Page 171 Which among other things recites as follows: The right of the proprietor of a vein or lode to extract and remove his ore therefrom should the same be found to penetrate or intersect the premises hereby granted as provided by law. 5. Restrictions as contained in instrument recorded March 30, 1964 in Book 206 at Page 301, providing as follows: That no trailer camps or trailer parks shall be permitted or shall be constructed. 6. Terms, conditions, provisions, agreements and obligations contained in the Easement Agreement as set forth below: Recording Date: September 16, 1977 Recording No.: Book 335 at Page 80 Easements, reservations, restrictions and notes as shown on the plat recorded November 22, 1965 in Plat Book 3 at Page 52. 8. Terms, conditions, provisions, agreements and obligations contained in the Water Agreement between John L. Herron, Royal Land Corporation and Antony Beruman as set forth below: Recording Date: November 20, 1974 Recording No.: Book 210 at Page 206 27EO91 ALTA 3-06 Zoning — Unimproved Land (6-17-06) Pacc I ol'2 Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA k" members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. Order No. F0409826-370-BBB 0 Policy 00.CO-FSTG-IMP-27306-1-13-F0409826 9. Any rights, interests, or claims which may exist or arise by reason of the following matters disclosed by survey, Job No.: none given Dated: May 25, 2012 Prepared by: Tuttle Surveying Services Matters shown: a. encroachment of neighbors asphalt parking b. encroachment of neighbors tier wall planter 10. Any loss or damage arising from the fact that any fence lines on or near the perimeter of the Land may not coincide with property lines, as disclosed by improvement survey plat prepared by Tuttle Surveying Services, dated May 25, 2012. 0 • CITY OF ASPEN COMMUNITY DEVELOPMENT DEPARTMENT GENERAL LAND USE APPLICATION PACKET THE CITY OF ASPEN Attached is an Application for review of Development that requires Land Use Review pursuant to the City of Aspen Land Use Code. Included in this package are the following attachments: Development Application Fee Policy, Fee Schedule and Agreement for Payment Form 2. Land Use Application Form Dimensional Requirements Form 4. Matrix of Land Use Application Requirements/Submittal Requirements Key General Summary of Your Application Process 6. Public Hearing Notice Requirements 7. Affidavit of Notice All applications are reviewed based on the criteria established in Title 26 of the Aspen Municipal Code. Title 26 of the Aspen Municipal Code is available at the City Clerk's Office on the second floor of City Hall and on the internet at www.aspenpitkin.com , City Departments, City Clerk, Municipal Code, and search Title 26. We strongly encourage all applicants to hold a pre -application conference with a Planner in the Community Development Department so that the requirements for submitting a complete application can be fully described. Also, depending upon the complexity of the development proposed, submitting one copy of the development application to the Case Planner to determine accuracy, insufficiencies, or redundancies can reduce the overall cost of materials and Staff time. Please recognize that review of these materials does not substitute for a complete review of the Aspen Land Use Regulations. While this application package attempts to summarize the key provisions of the Code as they apply to your type of development, it cannot possibly replicate the detail or the scope of the Code. If you have questions which are not answered by the materials in this package, we suggest that you contact the staff member assigned to your case or consult the applicable sections of the Aspen Land Use Regulations. Land Use Review Fee Policy The City of Aspen has established a review fee policy for the processing of land use applications. A flat fee or deposit is collected for land use applications based on the type of application submitted. A flat fee is collected by Community Development for applications which normally take a minimal and predictable amount of staff time to process. Review fees for other City departments reviewing the application (referral departments) will also be collected when necessary. Flat fees are cumulative — meaning an application with multiple flat fees must pay the sum of those flat fees. Flat fees are not refundable. A review fee deposit is collected by Community Development when more extensive staff review is requirea. Actual staff time spent will be charged against the deposit. Various City staff may also charge their time spent on the case in addition to the case planner. Deposit amounts may be reduced if, in the opinion of the Community Development Director, the project is expected to take significantly less time to process than the deposit indicates. A determination on the deposit amount shall be made during the pre -application conference by the case planner. Hourly billing shall still apply. All applications must include an Agreement to Pay Application Fees. One payment including the deposit for Planning and referral agency fees must be submitted with each land use application, made payable to the City of Aspen. Applications will not be accepted for processing without the required application fee. The Community Development Department shall keep an accurate record of the actual time required for the processing of a land use application requiring a deposit. The City can provide a summary report of fees due at the applicant's request. The applicant will be billed for the additional costs incurred by the City when the processing of an application by the Community Development Department takes more time or expense than is covered by the deposit. Any direct costs attributable to a project review shall be billed to the applicant with no additional administrative charge. In the event the processing of an application takes less time than provided for by the deposit, the department shall refund the unused portion of the deposited fee to the applicant. Fees shall be due regardless of whether an applicant receives approval. Unless otherwise combined by the Director for simplicity of billing, all applications for conceptual, final, and recordation of approval documents shall be handled as individual cases for the purposes of billing. Upon conceptual approval all billing shall be reconciled and all past due invoices shall be paid prior to the Director accepting an application for final review. Final review shall require a new deposit at the rate in effect at the time of final application submission. Upon final approval all billing shall again be reconciled prior to the Director accepting an application for review of technical documents for recordation. The Community Development Director may cease processing of a land use application for which an unpaid invoice is 30 or more days past due. Unpaid invoices of 90 or more days past due may be assessed a late fee of 1.75% per month. An unpaid invoice of 120 days or more may be subject to additional actions as may be assigned by the Municipal Court Judge. All payment information is public domain. All invoices shall be paid prior to issuance of a Development Order or recordation of development agreements and plats. The City will not accept a building permit for a property until all invoices are paid in full. For permits already accepted, an unpaid invoice of 90 or more days may result in cessation of building permit processing or issuance of a stop work order until full payment is made. The property owner of record is the party responsible for payment of all costs associated with a land use application for the property. Any secondary agreement between a property owner and an applicant representing the owner (e.g. a contract purchaser) regarding payment of fees is solely between those private parties. Agreement to Pay Application Fees Hn a reemem oetween the UITY of Hs en (uit ) ano Property Gar Snook Phone No.: 970-963-3517 Owner ("I"): Garry Email: Address of 501 Park Circle Billing PO Box 66 Property: Address: (subject of Aspen Colorado Carbondale CO 81623 application) 81611 (send bills here) snookcolorado@gmail.com I understand that the City has adopted, via Ordinance No. , Series of 2011, review fees for Land Use applications and the payment of these fees is a condition precedent to determining application completeness. I understand that as the property owner that I am responsible for paying all fees for this development application. For flat fees and referral fees: I agree to pay the following fees for the services indicated. I understand that these flat fees are non-refundable. $ 0 flat fee for Select Dept $ 0 flat fee for Select Dept $ 0 flat fee for Select Dept $ 0 flat fee for Select Review For deposit cases only: The City and I understand that because of the size, nature or scope of the proposed project, it is not possible at this time to know the full extent or total costs involved in processing the application. I understand that additional costs over and above the deposit may accrue. I understand and agree that it is impracticable for City staff to complete processing, review, and presentation of sufficient information to enable legally required findings to be made for project consideration, unless invoices are paid in full. The City and I understand and agree that invoices mailed by the City to the above listed billing address and not returned to the City shall be considered by the City as being received by me. I agree to remit payment within 30 days of presentation of an invoice by the City for such services. I have read, understood, and agree to the Land Use Review Fee Policy including consequences for non-payment. I agree to pay the following initial deposit amounts for the specified hours of staff time. I understand that payment of a deposit does not render an application complete or compliant with approval criteria. If actual recorded costs exceed the initial deposit, I agree to pay additional monthly billings to the City to reimburse the City for the processing of my application at the hourly rates hereinafter stated. $ 650 deposit for 2 hours of Community Development Department staff time. Additional time above the deposit amount will be billed at $325 per hour. $ 265 deposit for 1 hours of Engineering Department staff time. Additional time above the deposit amount will be billed at $265 per hour City of Aspen: Chris Bendon Community Development Director Property Owner: Name: Garry ook City Use: Title: Property Owner Fees Due: $ 91 5 Received: $ 20131 0 • ATTACHMENT 2 -LAND USE APPLICATION PROJECT: Name: Sunny Park North Location: 501 Park Circle Aspen Colorado 81611 subdivision: Sunny Park North Lot:4 (Indicate street address, lot & block number, legal description where appropriate) Parcel ID # (REQUIRED) 273707401003 APPLICANT: Name: GSS Park LLC Address: PO Box 3377 Basalt Colorado 81621 Phone #: 970-963-3517 REPRESENTATIVE: Name: Amos Underwood @ the PBRworkshop Address: PO Box 512 Snowmass Colorado 81654 Phone #: 970-274-0481 TYPE OF APPLICATION: (please check all that apply): ❑ GMQS Exemption ❑ GMQS Allotment ❑ Special Review ❑ ESA — 8040 Greenline, Stream Margin, Hallam Lake Bluff, Mountain View Plane ❑ Commercial Design Review ❑ Residential Design Variance ❑ Conditional Use ❑ Conceptual PUD ❑ Final PUD (& PUD Amendment) ❑ Subdivision ® Subdivision Exemption (includes condominiumization) ❑ Lot Split ❑ Lot Line Adjustment EXISTING CONDITIONS: (description of existing buildings, uses, previous approvals, etc.) New Duplex Construction "ROPOSAL: (description of proposed buildings, uses, modifications, etc.) Condominimization of the parcel ❑ Temporary Use ❑ Text/Map Amendment ❑ Conceptual SPA ❑ Final SPA (& SPA Amendment) ❑ Small Lodge Conversion/ Expansion ❑ Other: Have you attached the following? FEES DUE: $ 915.00 ❑ Pre -Application Conference Summary ❑ Attachment #1, Signed Fee Agreement ❑ Response to Attachment #3, Dimensional Requirements Form ❑ Response to Attachment #4, Submittal Requirements- Including Written Responses to Review Standards ❑ 3-D Model for large project All plans that are larger than 8.5" X 11" must be folded. A disk with an electric copy of all written text (Microsoft Word Format) must be submitted as part of the application. Large scale projects should include an electronic 3-D model. Your pre -application conference summary will indicate if you must submit a 3-D model. 0 • ATTACHMENT 3 DIMENSIONAL REQUIREMENTS FORM Project: Sunny Park North Applicant: Amos Underwood @ the PBRworkshop Location: 501 Park Circle Aspen Colorado 81611 subdivision: Sunny Park North LotA Zone District: R-15 Lot Size: 15,187 Sq.Ft. or 0.35 acres Lot Area: UNIT A - 7,802.8 SgFt (.18 acres) UNIT B - 7,384.2 SgFt (.17 acres) (for the purposes of calculating Floor Area, Lot Area may be reduced for areas within the high water mark, easements, and steep slopes. Please refer to the definition of Lot Area in the Municipal Code.) Commercial net leasable: Existing: Proposed: Number of residential units: Existing: 3 Proposed: Number of bedrooms: Existing: Proposed: Proposed % of demolition (Historic properties only): DIMENSIONS: 2 8 Floor Area: Existing: Allowable: Proposed: 4,594.75 Principal bldg. height: Existing: Allowable: 251-0" Proposed: 25'-0" Access. bldg. height: Existing: Allowable: N/A Proposed: On -Site parking: Existing: Required. 2 Proposed. 4 % Site coverage: Existing: Required: N/A Proposed: % Open Space: Existing: Required: N/A Proposed: Front Setback: Existing: Required: 25'-0" Proposed: 5 - Rear Setback: Existing: Required: 10'-0" Proposed. 30'-0" Combined F/R: Existing: Required: 35'-0" Proposed. 55'-8" Side Setback: Existing: Required: 10'-0" Proposed: 13'4" Side Setback: Existing: Required: 10'-0" Proposed: 13'-3" Combined Sides: Existing: Required: 20'-0" Proposed: 23'-3" Distance Between Existing Required: N/A Proposed: Buildings Existing non -conformities or encroachments: South Neighbor's Fence encroaches onto the parcel Variations requested: None 0 • CITY OF ASPEN PRE -APPLICATION CONFERENCE SUMMARY PLANNER: Sara Adams 970-429-2778 DATE: 7/10/13 PROJECT: 501 Park Circle, Condominiumization APPLICANT: GSS Park LLC REPRESENTATIVE: Amos Underwood, 274-0481 TYPE OF APPLICATION: Condominiumization DESCRIPTION: The Applicant proposes to condominiumize the duplex located at 501 Park Circle. Condominiumization is a form of subdivision and requires an administrative approval pursuant to the requirements of Aspen Land Use Code Section 26.480.090 (B), Condominiumization. Below is a link to the Land Use application Form for your convenience: http://www.aspenpitkin.com/Portals/0/docs/City/Comdev/Apps%20and%20Fees/2011 %20land%20use %20app%20form.pdf Land Use Code Section(s) 26.304 Common Development Review Procedures 26.480.090 Condominiumization Below is a link the Land Use Code for your convenience: http://www.aspenpitkin.com/Departments/Community-Development/Planning-and- Zoning/Title-26-Land-Use-Code/ Review by: - Planning and Engineering Staff for compliance - Community Development Director for approval Public Hearing: No hearing required Planning Fees: $650 Deposit for 2 hours of staff time. Additional staff time required is billed at $325/hour Referral Fees: $265/hour for Engineering Review Total Deposit: $915.00 (Additional fees will be required for filing. Those fees will be identified and due just prior to filing of the plat.) Total Number of Application Copies: Two (2) To apply, submit the following information: 1. Total Deposit for review of application. 2. Applicant's name, address and telephone number, contained within a letter signed by the applicant stating the name, address, and telephone number of the representative authorized to act on behalf of the applicant. 0 • 3. Street address and legal description of the parcel on which development is proposed to occur, consisting of a current certificate from a title insurance company, or attorney licensed to practice in the State of Colorado, listing the names of all owners of the property, and all mortgages, judgments, liens, easements, contracts and agreements affecting the parcel, and demonstrating the owner's right to apply for the Development Application. 4. Completed Land Use Application, as applicable. 5. Signed fee agreement. 6. Pre -application Conference Summary. 7. Proposed condominium nlat Provide paper coples for staff review land a digital PDF if available). Once staff has reviewed the proposal and made any necessary corrections, then mylars can be created for recordation. 10. A written description of the proposal and a written explanation of how a proposed development complies with the review standards relevant to the development application. 11.All necessary items found in Land Use Codes Section 26.480.090, Condominiumization. Engineering requirements are available online at: http://www.aspenpitkin.com/Portals/0/docs/City/engineering/survey%20checklists/Condominiu mPlatSurveyChecklist.pdf Disclaimer: The foregoing summary is advisory in nature only and is not binding on the City. The summary is based on current zoning, which is subject to change in the future, and upon factual representations that may or may not be accurate. The summary does not create a legal or vested right. Agreement to Pay Application Fees JUL 2 4 2013 Anagreement between the City of Aspen ("City") and E Property Gar Snook Phone No.: 970-963-3517 COMMUNITY DEVE Owner ("I"): Garry Email: Address of 501 Park Circle Billing PO Box 66 Property: Aspen Colorado Address: Carbondale CO 81623 (subject of 81611 (send bills here) application) snookcolorado@gmail.com I understand that the City has adopted, via Ordinance No. , Series of 2011, review fees for Land Use applications and the payment of these fees is a condition precedent to determining application completeness. I understand that as the property owner that I am responsible for paying all fees for this development application. For flat fees and referral fees: I agree to pay the following fees for the services indicated. I understand that these flat fees are non-refundable. $ 0 flat fee for Select Dept $ 0 flat fee for Select Dept $ 0 flat fee for Select Dept $ 0 flat fee for Select Review For deposit cases only: The City and I understand that because of the size, nature or scope of the proposed project, it is not possible at this time to know the full extent or total costs involved in processing the application. I understand that additional costs over and above the deposit may accrue. I understand and agree that it is impracticable for City staff to complete processing, review, and presentation of sufficient information to enable legally required findings to be made for project consideration, unless invoices are paid in full. The City and I understand and agree that invoices mailed by the City to the above listed billing address and not returned to the City shall be considered by the City as being received by me. I agree to remit payment within 30 days of presentation of an invoice by the City for such services. I have read, understood, and agree to the Land Use Review Fee Policy including consequences for non-payment. I agree to pay the following initial deposit amounts for the specified hours of staff time. I understand that payment of a deposit does not render an application complete or compliant with approval criteria. If actual recorded costs exceed the initial deposit, I agree to pay additional monthly billings to the City to reimburse the City for the processing of my application at the hourly rates hereinafter stated. $ 650 deposit for 2 hours of Community Development Department staff time. Additional time above the deposit amount will be billed at $325 per hour. $ 265 deposit for 1 hours of Engineering Department staff time. Additional time above the deposit amount will be billed at $265 per hour City of Aspen: Chris Bendon Community Development Director Property O ner: G Name: Garry Srhook City Use: Title: Property Owner Fees Due: $ 91 5 Received: $ N 0 i Permits File Edit Record Navigate Form Reports Fomtat Tab Help 2.2013 •A-9LA RDLON Status fees Fee Summary Main Sans Attatfimerds Routing Nistory t+aluation ArdbrEngl Custom F-fields Sub Permits Parcels n o Fermit type aslu V spen Land Use Permit �'D052 2013 ASLU �� 'a Address 501 PARK CUR Apt'Suite C SPEN State C0 Zip ';81611 al x l Fermi information D Maser Permit Routing queue aslu07 Applied 07t252013 N Project Status pending PPraed Description ;APPLICATION FOR SUEDi':1SIOf1 E>3 f 1PTlOf1 Lamed igosedjFinal Submitted AMOS UNDER>FOOD 274 0481 Clot* !Running p* � 07,20,2014 Ovmer Last name CC HOLDINGS. LLC First name COLORADO LLC 501 PARK CIR SPEN CO 81611 ftne Address Apocant Owner is applicant? C Contractor is applicant? Last name GSS PROPERTIES LLC First name 926 Yrt FRAIIS ST SPEN CO 81611 !i Phone t9701 :44V82 Gist = "3944 arMrace I Lender LiLast name Rrl name Fimne I } Address . AspenGdd5 (senref. angelas -1 of I :! e.��Ill2 Surveyor's Certificate /, JEfFREY ALLEN TUTRE, do hereby certify that / am a Professional Land Surveyor, licensed under the laws of the State of Colorado, that this Condominium Map of Park Condominium Association fully and accurately depicts the improvements, including the condominium units and the common ownership areas, and identifies location, layout, dimension and boundaries; that such map was prepared subsequent to substantial completion of the improvements; and that such map complies with and contains a// of the information required by C.R.S38-33.3-209 and al/ other statutes and regulations applicable to maps of condominium common interest subdivision, and that such map was prepared from an actual monumented land survey of the property corner monuments, both found and set, under my direct supervision and checking that it is correct to the best of my knowledge and belief and that al/ dimensions, both linear and angular were determined by an accurate control survey in the field which balanced and closed within a limit of 1 in 15, 000. This survey does not represent a title search by Tuttle Surveying Services, L.L.C. to determine ownership or easements of record. Al/ information shown hereon regarding ownership, easements, and other encumbrances of record has been taken from the ALTA Commitment For Tit/e Insurance issued by Fidelity National Title Company dated May 21, 2012 as file No. F04098263708BB-Amendment No. 4. _1. 6 /n witness thereof, / have set my hand and seal this day of , A.D. 2013. Jeffrey Allen Tuttle, VZ70in ay "° Ce FUTTZIF S11RYf'YING S�'RYIC�'S According to Colorado taw, you must commence any legal action based upon any defect in 727 Bloke Avenue thin s .y with¢. three years after you A" die°aver such defect In nc event may Glenwood Springs, Colorado 81601 any tegat actin. bared upon any defect to this surrey 6e commenced mare than ten years (970) 928-9708 (FAX 947-9007) from the date of the cerizfsc¢tion sh— jeff@tss-us.com V Co n do M in z"" M ffaT of rk Condominium �lssoc2atZorz Lot -�(, ,Sunny Park North Subdivision according to the Plat thereof recorded on November 22, 1966- in Plat Book 3 at Page 62 County of Pitkin, ,State of Colorado The purpose of this map is to show the condominiumized ownership of Unit A and Unit B of Park Condominium Association (formerly Zot 9; Sunny Park North ,Subdivision) GRAPHIC SCALE 10 0 b 10 20 40 (Di Fit) 1 inch — 10 !t Iegend and Notes: — o indicates found monument as described — • indicates found ,/5 rebar with red plastic cop LS 433638 — Bearings are based upon a No. 5 rebar found at the southerly corner and a No. 5 rebar with a yellow plastic (1R/—CO) found at the westerly comer, both of subject Lot 4 using a bearing of N80'4532'W between the two described monuments — This survey does not represent a title search by this surveyor to determine ownership or to discover easements or other encumbrances of record. All Information pertaining to ownership, easements or other encumbrances of record has been taken from a title insurance commitment issued by Fidelity Notional 77de Company, dated May 21, 2012 as F7/e Number 570—FO409826-370—BBB, Amendment No. 4. — This property /s located within Zone X (area outside of 500 year floodpioin) per FEWA Map No. 08097CO204 C, Effectim Date .lone 04, 1987 Elevotlons are based upon Clty of Aspen Benchmark A'S 18 and relate to NA W. Setback lines as shown hereon were provided by the project architect and are based upon Clty Zoning (R-15). The unit of measurement used in this survey was the U..S Survey Foot. Condominium .Map of Park Condominium Association Certificate of Ownership and Submission to Condominium Ownership Know a// men by these presents that the undersigned, being sole owners, mortgagees, or lien holders of a// that real property situated in the City of Aspen, P/tkin County, Colorado, sold real property being more particularly described as follows: Lot 4, Sunny Park North Subdivision, according to the plat recorded November 22, 1965 in Plat Book 3 at Page 52. City of Aspen, County of Pitkin, State of Colorado. That said owners have caused the said real property to be laid out, condominiumized, and surveyed as Units A and B, Condominium Map of Parer Condominium Association, a part of Pitkin County, Colorado. That said owners do hereby submit said real property together with all improvements, appurtenances, and facilities hereto and now or hereafter thereon, to condominium ownership under the Colorado common interest ownership act, C.R.S. 38-33.3-101 same may be amended from time to time, and hereby imposes upon all the real property the terms, conditions, covenants, restrictions, easements, reservations, uses, limitations, and obligations described in the condominium declaration for Park Condominium Association recorded in the real property records of Pitkin County, Colorado on 2013, as Reception No. (the Declaration) together with any other amendments or supplements thereto, which Declaration shall be deemed to run with the real property and shall be a burden and a benefit to said owners, their successors, assigns, and any person acquiring or owning an interest in the real property, their grantees, successors, heirs, personal representatives, executors, administrators, devisees, or assigns Executed this day of , A.D. 2013. GSS Park LLC, a Colorado limited /lability company Garry Shook, Manager STATE OF COLORADO ) COUNTY OF P/TKIN )Ss Tile foregoing dedication was acknowledged before me this day of 2013 by Garry Snook Manager of GSS Park, LLC My Commission expires Witness my hand and sea/ Notary Public City of Ashen Engineer's Certificate Engineer for the City of Aspen, Colorado, do hereby approve this plat to be recorded in the office of the Clerk and Recorder of Pitkin County, Colorado, this day of 2013. By. City of Aspen Engineer Commun/& Develop ant Director's Anorowl This Plat was approved by the Community Development Director of the City of Aspen, Colorado, signed this day of , 2013. BY Community Development Director Tit/e Cartificate 1, the undersigned, a duly -authorized representative of Fidelity National Title Company, do hereby certify that / have examined the title to al/ lands herein dedicated and shown on this plat and that title to such lands is in the dedicator free and clear of a// liens, taxes, and encumbrances, except as shown hereon. Dated this day of A.D. 2013. By. Tit/e Examiner Clerk 9Dd Recorder's This Plat is accepted for filing in the Office of the Clerk and Recorder of Pitkin County, Colorado, this day of 2013, Plat Book , on Page and Reception no. BYClerlr and Recorder Units A 9- B Park Condominium Association Aspen, Colorado 81611 Drown by. IT I Date. 071051201 J OF 1