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HomeMy WebLinkAboutagenda.apz.202201041 AGENDA ASPEN PLANNING & ZONING COMMISSION January 4, 2022 4:30 PM, WebEx Virtual Meeting (See agenda packet for instructions to join the meeting) NOTICE! PACKET REPUBLISHED ON 12/30/2021 AT 2:14 PM TO INCLUDE EXHIBIT A AND AT 4:45 PM TO INCLUDE THE CORRECT DRAFT MINUTES FOR THE 12/07/2021 MEETING. I.WEBEX MEETING INSTRUCTIONS TO JOIN ONLINE: Go to www.webex.com and click on "Join a Meeting" Enter Meeting Number: 2557 921 4825 Enter Password: 81611 Click "Join Meeting" -- OR -- JOIN BY PHONE Call: 1-408-418-9388 Enter Meeting Number: 2557 921 4825 Enter Password: 81611 II.ROLL CALL III.COMMENTS IV.MINUTES IV.A.Draft Meeting Minutes for December 7, 2021 minutes.apz.20211207.pdf V.DECLARATION OF CONFLICT OF INTEREST VI.PUBLIC HEARINGS VI.A.420 E Hyman Ave, Variance for Reduction of Second Tier Commercial Space, Resolution #1, Series 2022 Memo_420 E Hyman_Second Tier Variance.pdf Exhibit A- 420 E Hyman Ave_Variance Review Criteria.pdf Exhibit B_Denial P&Z Resolution 420 E Hyman_Second Tier Variance.pdf 1 2 Exhibit B_Approval P&Z Resolution 420 E Hyman_Second Tier Variance.pdf Exhibit C_Application.420 E Hyman.20211029.pdf Exhibit D_Letter to City of Aspen VII.OTHER BUSINESS VII.A.Election of Chair and Vice-Chair for 2022 VIII.ADJOURN TYPICAL PROCEEDING FORMAT FOR ALL PUBLIC HEARINGS 1) Conflicts of Interest (handled at beginning of agenda) 2) Provide proof of legal notice (affidavit of notice for PH) 3) Staff presentation 4) Board questions and clarifications of staff 5) Applicant presentation 6) Board questions and clarifications of applicant 7) Public comments 8) Board questions and clarifications relating to public comments 9) Close public comment portion of bearing 10) Staff rebuttal/clarification of evidence presented by applicant and public comment 11) Applicant rebuttal/clarification End of fact finding. Deliberation by the commission commences. No further interaction between commission and staff, applicant or public 12) Chairperson identified the issues to be discussed among commissioners. 13) Discussion between commissioners* 14) Motion* *Make sure the discussion and motion includes what criteria are met or not met Revised January 9, 2021 2 Minutes Aspen Planning and Zoning Commission December 7, 2021 Page 1 of 3 Chairperson McKnight called the regular Planning and Zoning (P&Z) meeting for December 7th, 2021 to order at 4:30 PM. Commissioners in attendance: Ruth Carver, Sam Rose, Brittanie Rockhill, Scott Marcoux, and Spencer McKnight. Commissioners not in attendance: Teraissa McGovern Staff in Attendance: Amy Simon, Planning Director Michelle Bonfils-Thibeault, Planner Kate Johnson, Assistant City Attorney Cindy Klob, Records Manager COMMISSIONER COMMENTS None STAFF COMMENTS None PUBLIC COMMENTS None APPROVAL OF MINUTES Ms. Carver motioned to approve the minutes for November 16, 2021 and the motion was seconded by Mr. Rose. Mr. McKnight asked for a roll call: Ms. Carver, yes; Mr. Rose, yes; Ms. Rockhill, yes; Mr. Marcoux, yes; and Mr. McKnight, yes; for a total of five (5) in favor – zero (0) not in favor. The motion passed. DECLARATION OF CONFLICT OF INTEREST None PUBLIC HEARINGS 809 S Aspen St – GMQS – Multifamily Replacement Review Mr. McKnight asked if proper notice had been provided. Ms. Johnson responded the notice was provided was in compliance. He then opened the hearing and turned the floor over to staff. Ms. Bonfils-Thibeault stated the application will present first. Mr. McKnight then turned the floor over to the applicant team. Ms. Sara Adams, BendonAdams, introduced herself and the applicants, Mrs. Allison and Mr. David Ratajczak. 3 Minutes Aspen Planning and Zoning Commission December 7, 2021 Page 2 of 3 Ms. Adams stated this application is for free-market units located at the Shadow Mountain Townhomes and described the location of the property as well as the request for a growth management review to combine the free-market units 17 and 18. Each unit has two bedrooms and are just over She then provided existing and proposed layouts of the stacked units. She noted the land use code requires multi-family replacement to be reviewed by the Planning and Zoning Commission when combining free-market residential units. She continued stating in the Lodge (L) Zone district, a free- market residential unit can be between 1,500 and 2,000 SQFT by landing one Transferrable Development Right (TDR), which is proposed for this application. One TDR will cover just over 1,800 SQFT required for this project. Ms. Adams next discussed the affordable housing credit mitigation the Growth Management Quota System (GMQS) requirements. She stated affordable housing units are not permitted withing free market residential in the L Zone district and the applicant is unable to expand the existing building footprint, so they are requesting off-site mitigation using credits to address the requirement. She stated it will be roughly 1.16 Full Time Equivalents (FTE) at a Category 4 which will be finalized with the building permit. Mrs. Ratajczak stated they have lived in Aspen for several years and she loves living here full time. She is aware of other townhome units that have been combined. She reviewed their involvement in the community. Mr. McKnight asked if there were any questions for the application team. There were none so he turned the floor over to staff. Ms. Bonfils-Thibeault reviewed the location, zone district and size of the units. She noted the combined size of the units will be 1,858 SQFT. She then discussed the intent and review criteria of the GMQS Review for multi-family replacement. She stated combining the units is considered demolition and the applicant has chosen the fifty-percent replacement option as defined in the Municipal Code Section 26.470.100.D.1.b. Ms. Bonfils-Thibeault stated the property is located in an 8040 Greenline Environmentally Sensitive Area (ESA) and in the Mountain View Plane. These conditions along with the physical constraints of the site support not having the affordable housing on the project site. Staff found the Location Requirement review criterion to be met. Ms. Bonfils-Thibeault closed stating staff recommends approval of the request. Mr. McKnight asked if there were any questions for staff. There were none. Mr. McKnight opened for public comment. There was none so he closed public comment. Mr. McKnight then opened for commissioner discussion. He finds the criteria met for the commission to pass it. The other commissioners agreed. Ms. Johnson noted staff has a couple of amendments to the resolution provided in the agenda packet. Ms. Bonfils-Thibeault stated the boiler plate text indicating vested rights are for three years was not included in the draft. She stated it can be or will exist in the Development Order as well. She added it is always defined in the Development Order. Ms. Johnson stated the third Where As clause did not identify the correct code chapter and section. Ms. Bonfils-Thibeault stated this will be corrected to 26.540 in the final version to be signed. 4 Minutes Aspen Planning and Zoning Commission December 7, 2021 Page 3 of 3 Ms. Rockhill motioned to approve the Resolution 14, Series 2021 with the two amendments discussed. The motion was seconded by Mr. Rose. Mr. McKnight asked for a roll call: Ms. Carver, yes; Mr. Rose, yes; Ms. Rockhill, yes; Mr. Marcoux, yes; and Mr. McKnight, yes; for a total of five (5) in favor – zero (0) not in favor. The motion passed. Mr. McKnight then closed the hearing. OTHER BUSINESS End of Year Review – Presentation by Staff Ms. Bonfils-Thibeault reviewed the hearings reviewed by the commission during 2021. Ms. Carver motioned to adjourn and was seconded by Ms. Rockhill. All in favor and the meeting was adjourned at 5:03 pm. Cindy Klob, Records Manager 5 Page 1 of 5 MEMORANDUM TO: City of Aspen Planning and Zoning Commission FROM: Jeffrey Barnhill, Planner I THRU: Amy Simon, Planning Director RE: 420 East Hyman Avenue, Variance for Reduction of Second Tier Commercial Space, Resolution #__, Series of 2022 MEETING DATE: January 4, 2022 APPLICANT: Downtown 420 LLC REPRESENTATIVE: Sara Adams, BendonAdams LOCATION: 420 E Hopkins Avenue. Units 101, 201, 202, 203, 301, 302, 303 and 304, Duvike Condominium, according to the Condominium Map thereof Recorded June 4, 1981 in Plat Book 11 at Page 61 and as defined and described in the Condominium Declaration for Duvike Condominium Recorded June 4, 1981 in Book 409 at Page 355, County of Pitkin, State of Colorado. PID#2737-073-39-801; 2737-073-39- 020 through -027. CURRENT ZONING AND USE: 420 E Hyman Avenue is located within the Commercial Core (CC) zone district and is under construction to develop a three-story mixed-use building Lot Size: 3,009 square feet SUMMARY OF REQUEST: The Applicant requests a variance to reduce the Second Tier Commercial Space requirements on this property. STAFF RECOMMENDATION: Staff recommends the Planning and Zoning Commission find that a hardship necessitating the requested variance does not exist and deny the request. Figure 1: Subject Property Location: 6 Page 2 of 5 BACKGROUND: 420 East Hyman Avenue is currently under construction pursuant to a 2014 Development Order. The project, a three-story mixed-use building with commercial uses, affordable housing, and a free market unit, entered the land use review process just before code amendments prohibited new free-market residential units, reduced allowable floor area and dropped height to two stories in the CC zone district. Historic Preservation Commission Conceptual approval was granted in 2012 (HPC Resolution 17-2012, HPC Resolution 28-2012). The Planning and Zoning Commission then granted Growth Management approval and forwarded a recommendation of Subdivision approval to City Council in 2013 (P&Z Resolution 13-2013). City Council granted Subdivision approval in 2013 (Ordinance 27-2013). Final Design Review was granted by HPC in 2014 (HPC Resolution 16-2014). The applicant for the approval of this building chose to lay out the building in a manner similar to the one it replaced, with individual tenant spaces in the basement, on the ground floor, and on the second floor. Subsequent to the project’s approval, in 2016, the City adopted new Commercial Design Standards, including defining the concept of “Second Tier” Commercial space, and requiring projects to be designed much like 420 E. Hyman. City Council was concerned that businesses serving the needs of the full-time population were at risk of being displaced as restaurants, retail spaces, and offices able to pay high rents were resulting in a continuing shift towards exclusivity. The requirement to provide separate net leasable spaces in basement and upper floor locations, isolated from ground floor prime space was created in hopes to provide local serving businesses more affordable rent opportunities. As the project at 420 E. Hyman is nearing completion, the property owner is negotiating with tenants interested in the commercial spaces. A proposed tenant, Banana Republic, would like to combine the commercial space on the ground floor with the commercial space in the basement. While 420 E. Hyman was approved before the Second Tier regulations went into effect, the basement and on the second floor of the building meet the definition of Second Tier space and cannot be altered without approval so as to “ensure ‘second tier’ space in commercial zones are maintained, allows for the redevelopment of commercial properties, maintains a meaningful ratio of commercial space that serves the day to day needs of residents and visitors, and allows for creative designs that add variety and interest to the City’s commercial areas.” No remodel of this building can result in less than 50% of the total planned net leasable space meeting the qualifications of Second Tier Space without P&Z approval. According to figures in the current building permit, approximately 2,865 square feet of the net leasable space under development qualifies as Second Tier, therefore the minimum requirement to be retained is 1,433 square feet. A Second Tier space which is 180 square feet in size is located on the second floor of the building and is unaffected by the project, as is a 185 square foot “rear commercial area” in the northeast corner of the basement that also appears to be unchanged. Staff’s understanding is that P&Z is asked to eliminate the remaining 1,068 square feet of required Second Tier space through the granting of a variation. Please note that there are discrepancies in the Second Tier areas/calculations noted in the application vs. what is identified in the building permit. If the application is approved, staff recommends that calculations be clarified, however since the request is to waive, not mitigate for Second Tier area, staff perceives this as information that can be gathered as a condition of approval. 7 Page 3 of 5 REQUEST OF THE PLANNING AND ZONING COMMISSION: The Applicant requests approval for a dimensional variance to the Second Tier commercial space requirements for this lot to accommodate a new business. The requirements for Second Tier space are located in the Commercial Design Standards. In the case that an applicant faces a challenge in meeting the requirements they are offered two options, to seek approval to address the community goal by providing the unmet Second Tier space on another property, or to request approval to be exempted from meeting the goal, based on a hardship. The applicant requests the latter. The proposal is combining the main level and most of the ground level commercial space through the construction of a new internal connection. (Please note that the application indicates the general area for a new internal stair to be built. There is no mention of an elevator connection between the floors. It will not be allowable by Building Code to have guests of the store exit into the common lobby to take an elevator to the basement. A second elevator or lift will be required), The result of the proposal is that the currently planned 2,865 sq. ft. of second tier commercial space located in the basement and on the second floor will be reduced to 365 sq. ft. of second tier commercial space split between those floors. To offset any perceived negative impact, the applicant proposes a voluntary deed restriction on the combined main and ground level commercial unit so that its use is dedicated to “general retail,” (defined in the Land Use Code as the sale of consumer goods for normal personal household use or consumption) rather than “specialty retail” (defined in the Land Use Code as luxury, generally non-recurring purchases, such as jewelry, art and fur). Currently, the space could be used for either purpose. The reviews to be applied are: • Second Tier Commercial Space – Reduction of Requirement - Hardship (26.412.080.C.2.) requires review as a variance, pursuant to Section 26.314, Variances. Figure 2: Proposed Net Leasable Area. This diagram provided in the application, lacks some clarity but generally represents the concept that the dark blue area is the ground floor retail space to be combined with the bright blue area directly below it. 8 Page 4 of 5 • Variance (Chapter 26.314) to grant a dimensional variance for this site, reducing the amount of Second Tier Commercial Space required. (Planning and Zoning Commission is the final review authority). STAFF COMMENTS: Staff responses to the Variance review criteria can be found in Exhibit A. The criteria for receiving a variance are strict. A property owner must demonstrate that reasonable use of the property has been withheld by the City and can only be achieved by the City providing a variance. In situations where all, or practically all, reasonable use of a property is made impossible by development regulations, the City is able to grant a variance to avoid a “regulatory taking”. The property owner must demonstrate that their rights, as compared with owners of similar properties, have been deprived. In considering these criteria, the Planning and Zoning Commission must consider unique conditions inherent to the property which are not the result of the Applicant’s actions and are not applicable to other parcels, buildings, or structures. In review of the application, Staff is concerned that the application does not show compliance with the variance review criteria, specifically criterion 3. Land Use Code Section 26.314.040.A.3 highlights a distinct difference between causing an Applicant “unnecessary hardship” in contrast to the creation of a “mere inconvenience”. The applicant’s need for net leasable space of a certain size, and the unavailability of that in any location in Aspen is not a hardship. In addition, approval of this variation would be permanent, not tied to this applicant and their reputation for sale of moderately priced clothing. To attempt to ensure this outcome, the applicant has volunteered a deed restriction limiting the space to “general retail” rather than “specialty retail”, This is another tool that the City has developed to achieve variety in the affordability of goods available to purchase in Aspen, but it is not necessarily a good substitute for maintaining the required Second Tier Space and does not mitigate staff’s position that the applicant has not demonstrated hardship. Staff finds that the reasonable use of the parcel, building or structure does not include reduction second tier commercial space to combine units for a tenant that doesn’t have enough net leasable space. Denial of the requested second tier commercial space variance to accommodate a tenant will not deny the property’s fundamental development rights or cause an unnecessary hardship, though denial may result in an inconvenience to the Applicant. Additionally, Staff is concerned that Land Use Code Section 26.314.040.A.3.a is not satisfied and that a special circumstance or condition does not exist on the property to warrant the finding of a hardship. Second Tier Commercial Space is applicable to all new development and redevelopment in the CC, C-1, S/C/I, NC, and MU zone districts. Staff believes there are no special circumstances or conditions that relate to this building as opposed to other buildings, structures, or parcels in the same zone district. In determining whether a hardship exists on the subject property, consideration should be given to the adequacy of the roughly 85% reduction to second tier commercial space. The current configuration of the structure at 420 East Hyman may not provide enough net leasable space for this applicant. This does not mean that it doesn’t provide enough net leasable space for any tenant. Staff finds that an applicant-specific inconvenience exists at this property rather than a site-specific hardship. Staff is concerned that granting a variance because an applicant simply does not have enough net leasable space to operate will set a bad precedent and serve as a way to circumvent the Land Use Code. 9 Page 5 of 5 As additional information, because the building at 420 E. Hyman Avenue was approved in 2014 and has pursued those approvals, it is exempt from the provisions of Ordinance #6, Series of 2017, which was adopted to limit the establishment of new “formula uses,” including retailers with eleven or more similar stores in the United States. REFERRAL AGENCIES No referral comments for this Land Use Application. RECOMMENDATION: Staff finds that this application to reduce the Second Tier space at 420 E. Hyman does not meet the required standard of hardship. At the direction of the City Attorney’s office, two resolutions, one approving the requested variation and one denying it, are provided to P&Z. Staff recommends that the Planning and Zoning Commission make a finding that a hardship does not exist by approving the resolution for denial. PROPOSED MOTION (All motions are proposed in the affirmative): 1) “I move to approve P&Z Resolution #__, Series of 2022, denying the requested variation.” OR 2) “I move to adopt P&Z Resolution #___, Series of 20221, approving a variance with conditions.” ATTACHMENTS: Exhibit A – Variance Review Criteria, Staff Findings Exhibit B – P&Z Resolution #_, Series of 2022 (P&Z is being provided with one version approving the application and one denying the application) Exhibit C – Application Exhibit D- Letter from Applicant 10 420 East Hyman Avenue Exhibit A – Review Criteria Page 1 of 4 Chapter 26.314, Variance A. In order to authorize a variance from the dimensional requirements of Title 26, the appropriate decision-making body shall make a finding that the following three (3) circumstances exist: 1. The grant of variance will be generally consistent with the purposes, goals, objectives and policies of this Title and the Municipal Code; and Staff Findings: The purpose of the City’s land use code not only protects the public’s health, safety, and welfare, but also identifies a property’s rights which includes reasonable expectations for property owners. Staff believes a reasonable expectation is that sections of the Land Use Code are observed and enforced as uniformly as practicable: including but not limited to Section 26.412.080. – Second Tier Commercial Space. The goal of Second Tier Commercial Space standards is to ensure that “second tier” space in commercial zones is maintained. The applicant proposes a reduction of nearly 85% of the required Second Tier Commercial Space. The applicant proposes to deed restrict the spaces to general retail if the variance is approved. Deed Restricting the commercial spaces does not meet either option to reduce the requirement of Second Tier Commercial Space as outlined in Section 26.412.080.C Second Tier Commercial Space – Reduction of Requirement. The applicant claims that deed restricting the units meets the intent of Second Tier Commercial Space; however, the design standards are meant to “ensure ‘second tier’ space in commercial zones are maintained.” Staff believes that granting a variance to reduce Second Tier Commercial Space on this property simply because the applicant “needs enough leasable space to justify the Aspen Market” is not consistent with the purposes, goals, objectives and policies of this Title and the Municipal Code. Staff is concerned that granting of this variance would set bad precedent that the lack of net leasable space for a single business is grounds for a variance to the adopted Land Use Code. Staff finds this criterion not met. 2. The grant of variance is the minimum variance that will make possible the reasonable use of the parcel, building or structure; and Staff Findings: Staff finds that reasonable use of the parcel has already been established with the new three-story mixed-use building on the property. Staff believes that reasonable use of the parcel, building or structure does not include reducing second tier commercial space to combine units for a tenant that doesn’t have enough net leasable space. Staff finds this criterion not met. 3. Literal interpretation and enforcement of the terms and provisions of this Title would deprive the applicant of rights commonly enjoyed by other parcels in the same zone district and would cause the applicant unnecessary hardship, as distinguished from mere inconvenience. In determining whether an applicant's rights would be deprived, the Board shall consider whether either of the following conditions apply: 11 420 East Hyman Avenue Exhibit A – Review Criteria Page 2 of 4 a. There are special conditions and circumstances which are unique to the parcel, building or structure, which are not applicable to other parcels, structures or buildings in the same zone district and which do not result from the actions of the applicant; or Staff Findings: This section highlights a distinct difference between causing an Applicant “unnecessary hardship” in contrast to the creation of a “mere inconvenience”. In consideration of this Code language, it should be noted that wanting additional net leasable space to justify a tenant moving into a unit is a mere inconvenience rather than an unnecessary hardship. Not having enough net leasable space to justify moving a business to a location is not a hardship and is a direct result of the actions of the applicant. Denial of the Second Tier Commercial Space variance will not deny the property’s fundamental development rights or cause an unnecessary hardship. Additionally, Staff is concerned that a special circumstance or condition does not exist on the property to warrant the finding of a hardship. Second Tier Commercial Space is applicable to all new development and redevelopment in the CC, C-1, S/C/I, NC, and MU zone districts. Staff believes there are no special circumstances or conditions that relate to this building as opposed to other buildings, structures, or parcels in the same zone district. Staff finds this criterion not met. b. Granting the variance will not confer upon the applicant any special privilege denied by the terms of this Title and the Municipal Code to other parcels, buildings or structures, in the same zone district. Staff Findings: Staff finds that should the Planning and Zoning Commission find that a hardship exists, property specific findings should be made so that special privilege is not conveyed with the grant of a variance. Again, staff is concerned that granting the variance would set bad precedent that if people want more net leasable space, they can circumvent the Land Use Code and apply for a variance. Staff finds this criterion conditionally met. 12 420 East Hyman Avenue Exhibit A – Review Criteria Page 3 of 4 26.412.090 – Substantial Amendment to Commercial Design Review Standards 26.412.080.(c) – Second Tier Commercial Space – Reduction of Requirement (c) Reduction of requirement. The Planning and Zoning Commission may approve a reduction in the required second tier commercial space pursuant to the procedures and criteria of Chapter 26.304.060 and Section 26.412.040. One of the following criteria shall be met: (1) Requirement met on another property. a. Property owners or applicants for development approval of at least one other lot or parcel (within the same block or zone district) agree to provide second tier commercial space in an amount that offsets the shortfall in required second tier commercial space on the property subject to the application for development or redevelopment; and Staff Findings: The applicant has declined meeting the requirement on another property. Staff finds this criterion not applicable. b. All of the property owners enter into an enforceable development agreement to the satisfaction of the City Attorney. The agreement shall provide assurances that the required second tier commercial space will be developed and ready for occupancy prior to the occupancy of the property that is authorized to have a shortfall and remedies if the space is not ready when the space on the subject property is ready for occupancy. Staff Findings: The applicant has declined meeting the requirement on another property. Staff finds this criterion not applicable. (2) Hardship. The applicant demonstrates that a sufficient site-specific hardship is present on the property preventing the provision of some portion of the total required. This requires review as a variance, pursuant to Section 26.314, variances. Staff Findings: The applicant for approvals to construct this building chose to lay out the building in a manner similar to the one it replaced, with individual tenant spaces in the basement, on the ground floor, and on the second floor. Subsequent to the project’s approval, in 2016, the City adopted new Commercial Design Standards, including defining the concept of “Second Tier” Commercial space, and requiring projects to be designed much like 420 East Hyman. City Council was concerned that businesses serving the needs of the full-time population were at risk of being displaced as restaurants, retail spaces, and 13 420 East Hyman Avenue Exhibit A – Review Criteria Page 4 of 4 offices able to pay high rents were resulting in a continuing shift towards exclusivity. The requirement to provide separate net leasable spaces in basement and upper floor locations, isolated from ground floor prime space was created in hopes to provide local serving businesses more affordable rent opportunities. The current configuration of the structure at 420 East Hyman may not provide enough net leasable space for this applicant. This does not mean that it doesn’t provide enough net leasable space for any tenant. Staff finds that an applicant-specific inconvenience exists at this property rather than a site- specific hardship. The applicants offer to deed restrict the units does nothing but offer quid pro quo to account for the loss of Second Tier Commercial Space in absence of a bona fide hardship. Staff finds this criterion not met. 14 Planning and Zoning Commission Resolution No. _, Series 2022 Page 1 of 2 RESOLUTION NO. _ (SERIES OF 2022) A RESOLUTION OF THE CITY OF ASPEN PLANNING AND ZONING COMMISSION DENYING A SECOND TIER COMMERCIAL SPACE VARIANCE FOR THE PROPERTY COMMONLY KNOWN AS: 420 EAST HYMAN AVENUE; LEGALLY DESCRIBED AS: UNITS 101, 201, 202, 203, 301, 302, 303 AND 304, DUVIKE CONDOMINIUM, ACCORDING TO THE CONDOMINIUM MAP THEREOF RECORDED JUNE 4, 1981 IN PLAT BOOK 11 AT PAGE 61 AND AS DEFINED AND DESCRIBED IN THE CONDOMINIUM DECLARATION FOR DUVIKE CONDOMINIUM RECORDED JUNE 4, 198 IN BOOK 409 AT PAGE 355, COUNTY OF PITKIN, STATE OF COLORADO Parcel ID No: 2737-073-39-801; 2737-073-39-020 through -027 WHEREAS, the Community Development Department received an application for 420 E Hyman Avenue, (the Application) from Downtown 420 LLC. (Applicant), represented by Sara Adams of BendonAdams, for the following land use review: Variance: pursuant to Land Use Code Chapter 26.314; and WHEREAS, the subject property is within the CC zone district, is 3,009 square feet in size, and requires compliance with land use code Section 26.412.080, Second Tier Commerical Space; and WHEREAS, all code citation references are to the City of Aspen Land Use Code in effect on the day the application was deemed complete – November 17, 2021, as applicable to this Project; and, WHEREAS, the Planning and Zoning Commisssion reviewed the Application at a duly noticed public hearing on January 4, 2022; and, WHEREAS, the Planning and Zoning Commission finds that a hardship does not exist on the property and that it is unreasonable to grant second tier commercial space variances that relate to the existing development pattern in the immediate neighborhood; and, WHEREAS, during a duly noticed public hearing on January 4, 2022, the Planning and Zoning Commission approved Resolution _, Series of 2022, by a _ to _ vote, granting denial for Dimensional Variance Review, as identified herein. NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF ADJUSTMENT OF THE CITY OF ASPEN, COLORADO THAT: Section 1: This Resolution shall not affect any existing litigation and shall not operate as an abatement of any action or proceeding now pending under or by virtue of the ordinances repealed or amended as herein provided, and the same shall be conducted and concluded under such prior ordinances. Section 2: If any section, subsection, sentence, clause, phrase, or portion of this Resolution is for any reason held invalid or unconstitutional in a court of competent jurisdiction, such portion shall be deemed a separate, distinct and independent provision and shall not affect the validity of the remaining portions thereof. 15 Planning and Zoning Commission Resolution No. _, Series 2022 Page 2 of 2 FINALLY, adopted, passed and approved this 4th day of January, 2022. Approved as to form: Approved as to content: __________________________ ______________________________ Katharine Johnson, Assistant City Attorney Spencer McKnight, Chair Attest: _______________________________ Cindy Klob, Records Manager 16 Planning and Zoning Commission Resolution No. _, Series 2022 Page 1 of 2 RESOLUTION NO. _ (SERIES OF 2022) A RESOLUTION OF THE CITY OF ASPEN PLANNING AND ZONING COMMISSION APPROVING A SECOND TIER COMMERCIAL SPACE VARIANCE FOR THE PROPERTY COMMONLY KNOWN AS: 420 EAST HYMAN AVENUE; LEGALLY DESCRIBED AS: UNITS 101, 201, 202, 203, 301, 302, 303 AND 304, DUVIKE CONDOMINIUM, ACCORDING TO THE CONDOMINIUM MAP THEREOF RECORDED JUNE 4, 1981 IN PLAT BOOK 11 AT PAGE 61 AND AS DEFINED AND DESCRIBED IN THE CONDOMINIUM DECLARATION FOR DUVIKE CONDOMINIUM RECORDED JUNE 4, 198 IN BOOK 409 AT PAGE 355, COUNTY OF PITKIN, STATE OF COLORADO Parcel ID No: 2737-073-39-801; 2737-073-39-020 through -027 WHEREAS, the Community Development Department received an application for 420 E Hyman Avenue, (the Application) from Downtown 420 LLC. (Applicant), represented by Sara Adams of BendonAdams, for the following land use review:Variance: pursuant to Land Use Code Chapter 26.314; and WHEREAS, the subject property is within the CC zone district, is 3,009 square feet in size, and requires compliance with land use code Section 26.412.080, Second Tier Commerical Space; and WHEREAS, all code citation references are to the City of Aspen Land Use Code in effect on the day the application was deemed complete – November 17, 2021, as applicable to this Project; and, WHEREAS, the Planning and Zoning Commisssion reviewed the Application at a duly noticed public hearing on January 4, 2022; and, WHEREAS, the Planning and Zoning Commission finds that a hardship exists on the property and that it is reasonable to grant second tier commercial space variances; and, WHEREAS, during a duly noticed public hearing on January 4, 2022, the Planning and Zoning Commission approved Resolution _, Series of 2022, by a _ to _ vote, granting approval for Dimensional Variance Review, as identified herein. NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF ADJUSTMENT OF THE CITY OF ASPEN, COLORADO THAT: Section 1: Pursuant to the procedures and standards set forth in Title 26 of the Aspen Municipal Code, the Planning and Zoning Commission hereby grants the following dimensional variances, as conceptually represented in Exhibit A, approved floor plan and renderings: 420 E Hyman Avenue • Second Tier Commercial Space: A reduction of second tier commercial space from approximately 2,865 sq. ft. to approximately 365 sq. ft. of required second tier commercial space. Section 2: As part of building permit review, the applicant shall clarify the Second Tier space calculations of the building permit and the land use application and shall provide no less than 365 square feet of second tier commercial space. 17 Planning and Zoning Commission Resolution No. _, Series 2022 Page 2 of 2 Section 3: The applicant shall follow all applicable adopted building codes, including: an elevator or lift internal to the combined net leasable space. Section 4: All material representations and commitments made by the Applicant pursuant to the development proposal approvals as herein awarded, whether in public hearing or documentation presented before the Community Development Department and the Planning and Zoning Commission, are hereby incorporated in such plan development approvals and the same shall be complied with as if fully set forth herein, unless amended by other specific conditions or an authorized authority. Section 5: This Resolution shall not affect any existing litigation and shall not operate as an abatement of any action or proceeding now pending under or by virtue of the ordinances repealed or amended as herein provided, and the same shall be conducted and concluded under such prior ordinances. Section 6: Pursuant to Land Use Code Section 26.314.070, the subject variance shall expire 12 months from the date of the approval unless development has commenced as illustrated by the submission of a building permit or an extension is granted. The subject variance is not a Site-Specific Development Plan (SSDP), is not vested, and will not receive a Development Order. Section 7: If any section, subsection, sentence, clause, phrase, or portion of this Resolution is for any reason held invalid or unconstitutional in a court of competent jurisdiction, such portion shall be deemed a separate, distinct and independent provision and shall not affect the validity of the remaining portions thereof. FINALLY, approved this 4th day of January, 2022. Approved as to form: Approved as to content: __________________________ ______________________________ Katharine Johnson, Assistant City Attorney Spencer McKnight, Chair Attest: _______________________________ Cindy Klob, Records Manager 18 420 East Hyman Avenue Exhibit A: Approved Floor Plan 19 420 East Hyman Avenue Exhibit A: Approved Floor Plan 20 300 SO SPRING ST | 202 | ASPEN, CO 81611 970.925.2855 | BENDONADAMS.COM October 29, 2021 Aspen Community Development Department Planning & Zoning Commission 130 So. Galena St. Aspen, Colorado 81611 RE: 420 East Hyman Avenue, Second Tier Commercial Reduction Dear ComDev and P&Z, Please accept this application for a reduction of the new requirement for second tier commercial space. 420 East Hyman is currently under construction pursuant to a 2014 Development Order for a new three story mixed use building. The City adopted a Change Order policy that requires all building permit change orders to comply with the current Land Use Code if the project is outside its vesting period. The vested rights for 420 East Hyman expired in 2017 – a building permit was accepted by the City prior to the expiration of vested rights. The new owner has a locally serving tenant, Banana Republic, that wants to lease the ground and basement levels at 420 East Hyman. Banana needs a specific amount of leasable space to justify the Aspen market; however, combining the ground and basement levels triggers the new second tier commercial requirement which was adopted after the project was approved. Second tier commercial space is defined as: “Commercial net leasable area that is reserved for and used for principal commercial uses (not for storage, office or other uses accessory to another principal use) and that: • Is located in a basement, or • Is located above the ground floor (but not including rooftop pedestrian amenity), or • Has its principal point of access along an alleyway or a mid-block pedestrian amenity, or • Has its front façade and principal entryway on a subgrade courtyard or an enclosed interior courtyard or arcade.” Background 420 East Hyman is located within the Commercial Core Historic District and external changes are under the purview of the Historic Preservation Commission (HPC). The current project received HPC approval in 2012 (HPC Resolutions 17-2012 and 28-2012) for a three story mixed use building with commercial uses on the basement, ground, and second levels; three affordable housing units on the second level; and a free market unit on the third level. Under the old Code, project reviews were not consolidated at HPC, and subdivision approval was required by City Council for any mixed use building. The Planning and Zoning Commission 21 420 East Hyman Second Tier Reduction Page 2 of 3 (P&Z) granted Growth Management approval and forwarded a recommendation of Subdivision approval to City Council in 2013 (P&Z Resolution 13-2013), and City Council granted Subdivision approval in 2013 (City Council Ordinance 27-2013). Final Design review was granted by HPC in 2014 (HPC Resolution 16-2014) and a Development Order was issued on July 7, 2014. The project was vested for three years until July 7, 2017. Second tier commercial requirements were adopted by City Council via Ordinance 33-2016 which took effect on February 23, 2017. 420 E Hyman was purchased by Downtown 420 LLC around the same time in 2017. According to the Land Use Code the purpose and intent of Second Tier is as follows: The Aspen Area Community Plan establishes policies to encourage a balanced, diverse and vital commercial use mix that meets the needs of the year-round residents and visitors, and to facilitate the sustainability of essential businesses that provide basic community needs. These design standards ensure "second tier" space in commercial zones are maintained, allows for the redevelopment of commercial properties, maintains a meaningful ratio of commercial space that serves the day to day needs of residents and visitors, and allows for creative designs that add variety and interest to the City's commercial areas. The intent of this new regulation is to protect “nook and cranny” spaces by requiring a specific amount of lower level or upper level commercial space that is detached from ground level commercial space. The concept was that less desirable commercial spaces (i.e. upper or basement levels) will have lower rent; therefore facilitating spaces for locally serving businesses. The second tier commercial requirement is Aspen’s attempt to unilaterally control the size of commercial use as a way to protect locally serving businesses. The City has explored controlling price point through negotiated deed restrictions - including Cooper Street Pier and Little Annie’s – but neither example is considered successful. Unfortunately, locally serving businesses that offer goods and services at a more normal price point generally need large spaces to offer a range of goods that offset the rental rates. This is one of the many reasons Aspen has very limited locally serving businesses. Requested Variance 420 East Hyman respectfully requests to reduce onsite second tier commercial space in order to facilitate a lease for a locally serving business like Banana Republic. Following is a breakdown of uses in the mixed use building: Table 1: 420 East Hyman Approved Uses per Floor Basement Level Commercial Ground Level Commercial Second Level 3 Affordable Housing units and Commercial Third Level 1 Free market Residential unit We request the ability to combine the main level with the basement level to create a space large enough to support a local serving general retail use as defined in the Land Use Code. The Code allows both Specialty and General retail uses on all levels in the Commercial Core Historic District. Specialty retail uses are defined as “the sale of luxury or premium goods, products that are generally purchased on a non-recurring basis, and that tend to occupy spaces in more expensive location. These include items where demand tends to increase as household income rises, or where demand increases in proportion to high prices.” This type of retail is found throughout much of downtown Aspen and is not considered locally serving. General retail 22 420 East Hyman Second Tier Reduction Page 3 of 3 uses are defined as “the sale of consumer goods for normal personal or household use or consumption. These include items where demand tends to increase on a less than proportionate basis or that decreases relative to increases in income, and that are considered household necessities.” As part of this request we voluntarily commit to a restriction on the basement and ground level space to general retail uses only as a condition of allowing a variance to the Second Tier requirements. We believe that the deed restriction to general retail as defined in the Code aligns with the purpose and intent of the Second Tier requirements and facilitates a locally serving tenant as evidenced by the letter from Banana Republic included in this application. We look forward to your review and commentary and an opportunity to discuss this request with the Planning & Zoning Commission. Please let us know if we can provide additional information to facilitate your review. Kind Regards, Sara Adams, AICP sara@bendonadams.com 970-925-2855 Attachments A – Standards of Review 1. Variance 2. Commercial Design Review Amendment B – Land Use application C – Vicinity Map D - Agreement to pay form E – Pre-application summary F - Authorization to represent G - Disclosure of ownership H - HOA compliance form I - Mailing list J – Drawings K – Letter from Banana Republic 23 420 E Hyman Exhibit A – Standards for Review Exhibit A A.1 Variances 26.314.040 Standards applicable to variances. A. In order to authorize a variance from the dimensional requirements of Title 26, the appropriate decision - making body shall make a finding that the following three circumstances exist: 1. The grant of variance will be generally consistent with the purposes, goals, objectives and policies of this Title and the Municipal Code; and Title 26 of the Municipal Code (known as the Land Use Code) provides zoning limitations and development standards for properties in the City of Aspen. The purpose of Title 26, stated in 26.104.020 includes the analysis of various development factors. All development and uses of land are to be considered “within the context of its impact on the City’s economic and infrastructure needs and capacities.” The proposal to combine commercial spaces to support a locally serving general retailer fills a huge gap in the local community’s economic and infrastructure needs and fully meets the intent and purpose of the second tier commercial requirement. 2. The grant of variance is the minimum variance that will make possible the reasonable use of the parcel, building or structure; and The request to combine the main level and ground level is the minimum variance needed to lease the space to a general retailer that serves the local community as evidenced by the letter provided from Banana Republic. A small second floor commercial space will remain as second tier commercial and will be separate from the ground and basement level retail operations. A voluntary deed restriction ensures that the connected space is rented to a general retailer as opposed to a speciality retailer as described below. Following is the approved commercial space breakdown (please reference the drawings for more specific details): 24 420 E Hyman Exhibit A – Standards for Review Table 1: Approved Net Leasable Area for 420 East Hyman Ground Level Prime commercial 1,486 sf Basement Second Tier commercial 1,833 sf (not including 417 sf of circulation) Second Level Second Tier 180 sf Required Second Tier 1,175 sf The connecting stair reduces ground level net leasable area by cutting a large hole in the floor. The project reduces overall net leaseable area for the entire project. Table 2: Proposed Net Leasable Area for 420 East Hyman Basement and Ground Level Deed Restricted Commercial 1,833 sf basement 1,327 sf ground level 3,160 sf total (not including 417 total sf circulation) Second Level Second Tier 180 sf Required Second Tier 1,175 sf Proposed Second Tier 180 sf Proposed Deed Restricted Commercial Space 3,160 sf (not including 417 total sf circulation) The grant of variance is the minimal required to make reasonable use of the building with a locally serving general retailer. The project proposes that the entire building is either second tier commercial or deed restricted general retail. 3. Literal interpretation and enforcement of the terms and provisions of this Title would deprive the applicant of rights commonly enjoyed by other parcels in the same zone district and would cause the applicant unnecessary hardship, as distinguished form mere inconvenience. In determining whether an applicant’s rights would be deprived, the Board shall consider whether either of the following conditions apply: a. There are special conditions and circumstances which are unique to the parcel, building or structure, which are not applicable to other parcels, structures or buildings in the same zone district and which do not result from the actions of the applicant; or b. Granting the variance will not confer upon the applicant any special privilege denied by the terms of this Title and the Municipal Code to other parcels, buildings or structures, in the same zone district. The voluntary deed restriction of the ground and basement level commercial spaces to general retail balances the grant of a variance to 420 East Hyman for second tier commercial space. General retail uses are more aligned with the intent of second tier than requiring small detached undesirable spaces. The isolated ground floor commercial space with street frontage and a small footprint is viable for only specialty luxury retailers. And, without a deed restriction allowing only general retail for the building, all of the commercial spaces could be leased to luxury tenants – there is no restriction on specialty luxury retail. 25 420 E Hyman Exhibit A – Standards for Review A.2 Substantial Amendment to Commercial Design Standards 26.412.090.b. Substantial amendments. Any amendment to an existing approval which does not meet the thresholds for an insubstantial amendment shall be considered a substantial amendment. A substantial amendment to a Commercial Design Review approval shall be reviewed pursuant to the standards and procedures of this Section. 26.412.080 (c)Reduction of requirement. The Planning and Zoning Commission may approve a reduction in the required second tier commercial space pursuant to the procedures and criteria of Chapter 26.304.060 and Section 26.412.040. One of the following criteria shall be met: (1)Requirement met on another property. a. Property owners or applicants for development approval of at least one other lot or parcel (within the same block or zone district) agree to provide second tier commercial space in an amount that offsets the shortfall in required second tier commercial space on the property subject to the application for development or redevelopment; and b .All of the property owners enter into an enforceable development agreement to the satisfaction of the City Attorney. The agreement shall provide assurances that the required second tier commercial space will be developed and ready for occupancy prior to the occupancy of the property that is authorized to have a shortfall and remedies if the space is not ready when the space on the subject property is ready for occupancy. (2)Hardship. The applicant demonstrates that a sufficient site-specific hardship is present on the property preventing the provision of some portion of the total required. This requires review as a variance, pursuant to Section 26.314, variances. There are no exterior changes proposed as part of this application. An interior stair linking the ground level and basement level is proposed – an internal connection concept is included in the drawing set. A voluntary deed restriction is proposed to ensure a general retailer occupies the space and Banana Republic is interested in leasing the combined space; however, the connecting stair shown in the plans may change slightly when a general retailer signs a lease and designs the interior of the spaces. We provided the stair to demonstrate one version of connection between the spaces. The hardship criteria are addressed on the previous pages. As noted in option 1, purchasing a different commercial space within the Commercial Core and deed restricting it as second tier is not a viable option at this time. Furthermore, we feel that the intent of second tier commercial is met in the proposed deed restriction of the commercial space to general retail thus avoiding another luxury brand to occupy the mall. As stated in the Code and the AACP the intent of second tier is “to encourage a balanced, diverse and vital commercial use mix that meets the needs of the year-round residents and visitors, and to facilitate the sustainability of essential businesses that provide basic community needs. These design standards ensure "second tier" space in commercial zones are maintained, allows for the redevelopment of commercial properties, maintains a meaningful ratio of commercial space that serves the day to day needs of residents and visitors, and allows for creative designs that add variety and interest to the City's commercial areas.” 26 CITY OF ASPEN COMMUNITY DEVELOPMENT DEPARTMENT City of Aspen|130 S. Galena St.|(970) 920 5090 April 2020 LAND USE APPLICATION APPLICANT: REPRESENTIVATIVE: Description: Existing and Proposed Conditions Review: Administrative or Board Review Required Land Use Review(s): Growth Management Quota System (GMQS) required fields: Net Leasable square footage Lodge Pillows Free Market dwelling units Affordable Housing dwelling units Essential Public Facility square footage Have you included the following? FEES DUE: $ Pre-Application Conference Summary Signed Fee Agreement HOA Compliance form All items listed in checklist on PreApplication Conference Summary Name: Address: Phone#: email: Address: Phone #: email: Name: Project Name and Address: Parcel ID # (REQUIRED) 27 E CO O P E R A V E S HUNTER STS MILL STS HUNTER STS HUNTER STS HUNTER STE HO P K I N S A V ES HUNTER STE HY M A N A V E S HUNTER STE HYM A N A V E S GALENA STE C O O P E R A V ES MILL STE HOP K I N S A V E S GALENA STS GALENA STS GALENA STE HY M A N A V ES MONARCH STS GALENA STS GALENA STE HO P K I N S A V ES MILL STS MILL STE HO P K I N S A V E S MILL STS HUNTER STE MAI N S T Date: 10/13/2021 Geographic Information Systems This map/drawing/image is a graphical representation of the features depicted and is not a legal representation. The accuracy may change depending on the enlargement or reduction. Copyright 2021 City of Aspen GIS 0 0.02 0.040.01 mi When printed at 8.5"x11" 4 Legend City of Aspen Parcels Roads Zoomed In Scale: 1:1,884 420 E Hyman Ave Vicinity Map 28 29 PRE-APPLICATION CONFERENCE SUMMARY (PRE-21-145) PLANNER: Sophie Varga, 429.2778, Sophie.Varga@CityofAspen.com DATE: October 29th, 2021 PROJECT ADDRESS: 420 E Hyman PARCEL NUMBER: 2737-073-39-801 REPRESENTATIVE: Sara Adams REQUEST: Request to reduce required Second Tier commercial space; substantial amendment to a Commercial Design Review approval DESCRIPTION: The subject property is currently being developed with a mixed-use structure comprising of affordable housing, free market residential, and commercial uses. The property is located in the Commercial Core Zone District and thus in the Commercial Core Historic District. The applicant proposes to internally connect the ground and basement level commercial spaces. This results in the basement space changing from Second Tier commercial space to prime commercial space. The applicant is requesting a reduction to the Second Tier commercial space requirement as well as a substantial amendment to a Commercial Design Review approval. The applicant will need to demonstrate that a sufficient site-specific hardship is present on the property preventing the provision of some portion of the total required. The applicant also will need to respond to relevant guidelines in The Commercial, Lodging and Historic District Design Standards and Guidelines. The applicant shall respond to the review criteria identified in section 26.314.040, Variances - Standards applicable to variances, as well as those in section 26.412.060, Commercial Design Review - Review Criteria. Any changes to exterior fenestration or previously designed access to the exterior connection between the prime and Second Tier spaces will likely require evaluation by Historic Preservation staff and monitor in relationship to previous HPC approvals RELEVANT LAND USE CODE SECTIONS: Section Number Section Title 26.104.100 Definitions 26.304 Common Development Review Procedures 26.314 Variances 26.412.040 Commercial Design Review – Procedures for Review 26.412.080 Commercial Design Review Second Tier Commercial Space 26.412.090(b) Commercial Design Review - Amendments Substantial amendment and variance For your convenience – links to the Land Use Application and Land Use Code are below: Land Use Application Land Use Code REVIEW BY: Staff for complete application 30 Planning & Zoning Commission for decision PUBLIC HEARING: Yes PLANNING FEES: $3,250 for 10 hours of staff time. Any unbilled portion of the deposit will be refunded at the conclusion of the case. Additional staff hours, if needed, will be billed at $325 an hour. REFERRAL FEES: N/A TOTAL DEPOSIT: $3,250 APPLICATION CHECKLIST: Please submit a digital copy of the application to the Sophie.Varga@CityofAspen.com as a single PDF.  Completed Land Use Application and signed Fee Agreement.  Pre-application Conference Summary (this document).  Street address and legal description of the parcel on which development is proposed to occur, consisting of a current (no older than 6 months) certificate from a title insurance company, an ownership and encumbrance report, 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. The purpose of this requirement is to show that the Applicant has the authority to apply for a Land Use Case.  Applicant’s name, address and telephone number in a letter signed by the applicant that states the name, address and telephone number of the representative authorized to act on behalf of the applicant. A site improvement survey (no older than a year from submittal) including topography, existing structures and other improvements (such as patios), and vegetation showing the current status of the parcel certified by a registered land surveyor by licensed in the State of Colorado.  A written and visual description of the proposal and response to how the proposed development complies with the review standards relevant to the development application. The applicant must demonstrate that a sufficient site-specific hardship is present on the property preventing the provision of some portion of the total [Second Tier commercial space] required. Please include existing and proposed floor plans, existing and proposed net leasable area calculations, access and circulation description, and detailed descriptions (written and visual) of any changes to the exterior, including but not limited to changes to exterior fenestration.  HOA Compliance form (Attached to Application) 31 Once the copy is deemed complete by staff, the following items will then need to be submitted:  Total deposit for review of the application. 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. 32 33 Land Title Guarantee Company Customer Distribution PREVENT FRAUD - Please remember to call a member of our closing team when initiating a wire transfer or providing wiring instructions. Order Number:Q62013563 Date: 10/25/2021 Property Address:420 E HYMAN AVE # 101, 201, 202, 203, 301, 302, 303 AND 304, ASPEN, CO 81611 PLEASE CONTACT YOUR CLOSER OR CLOSER'S ASSISTANT FOR WIRE TRANSFER INSTRUCTIONS For Closing Assistance For Title Assistance Land Title Roaring Fork Valley Title Team 533 E HOPKINS #102 ASPEN, CO 81611 (970) 927-0405 (Work) (970) 925-0610 (Work Fax) valleyresponse@ltgc.com Seller/Owner DOWNTOWN 420 LLC Delivered via: No Commitment Delivery BENDONADAMS Attention: SARA ADAMS (970) 925-2855 (Work) sara@bendonadams.com Delivered via: Electronic Mail 34 Land Title Guarantee Company Estimate of Title Fees Order Number:Q62013563 Date: 10/25/2021 Property Address:420 E HYMAN AVE # 101, 201, 202, 203, 301, 302, 303 AND 304, ASPEN, CO 81611 Parties:TO BE DETERMINED DOWNTOWN 420, LLC, A DELAWARE LIMITED LIABILITY COMPANY Visit Land Title's Website at www.ltgc.com for directions to any of our offices. Estimate of Title insurance Fees "TBD" Commitment $217.00 Total $217.00 If Land Title Guarantee Company will be closing this transaction, the fees listed above will be collected at closing. Thank you for your order! Note: The documents linked in this commitment should be reviewed carefully. These documents, such as covenants conditions and restrictions, may affect the title, ownership and use of the property. You may wish to engage legal assistance in order to fully understand and be aware of the implications of the effect of these documents on your property. Chain of Title Documents: Pitkin county recorded 05/01/2017 under reception no. 637985 Plat Map(s): Pitkin county recorded 06/04/1981 at book 11 page 61 35 Copyright 2006-2021 American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. Property Address: 420 E HYMAN AVE # 101, 201, 202, 203, 301, 302, 303 AND 304, ASPEN, CO 81611 1.Effective Date: 10/15/2021 at 5:00 P.M. 2.Policy to be Issued and Proposed Insured: "TBD" Commitment Proposed Insured: TO BE DETERMINED $0.00 3.The estate or interest in the land described or referred to in this Commitment and covered herein is: A FEE SIMPLE 4.Title to the estate or interest covered herein is at the effective date hereof vested in: DOWNTOWN 420, LLC, A DELAWARE LIMITED LIABILITY COMPANY 5.The Land referred to in this Commitment is described as follows: UNITS 101, 201, 202, 203, 301, 302, 303 AND 304,​ DUVIKE CONDOMINIUM,​ ACCORDING TO THE CONDOMINIUM MAP THEREOF RECORDED JUNE 4, 1981 IN PLAT BOOK 11 AT PAGE 61 AND AS DEFINED AND DESCRIBED IN THE CONDOMINIUM DECLARATION FOR DUVIKE CONDOMINIUM RECORDED JUNE 4, 1981 IN BOOK 409 AT PAGE 355.​ COUNTY OF PITKIN, STATE OF COLORADO. ALTA COMMITMENT Old Republic National Title Insurance Company Schedule A Order Number:Q62013563 36 ALTA COMMITMENT Old Republic National Title Insurance Company Schedule B, Part I (Requirements) Order Number: Q62013563 All of the following Requirements must be met: This proposed Insured must notify the Company in writing of the name of any party not referred to in this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The Company may then make additional Requirements or Exceptions. Pay the agreed amount for the estate or interest to be insured. Pay the premiums, fees, and charges for the Policy to the Company. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured, or both, must be properly authorized, executed, delivered, and recorded in the Public Records. 1.EVIDENCE SATISFACTORY TO THE COMPANY THAT THE TERMS, CONDITIONS AND PROVISIONS OF THE CITY OF ASPEN TRANSFER TAX HAVE BEEN SATISFIED. 2.WRITTEN CONFIRMATION THAT THE INFORMATION CONTAINED IN STATEMENT OF AUTHORITY FOR DOWNTOWN 420, LLC, A DELAWARE LIMITED LIABILITY COMPANY RECORDED MAY 01, 2017 UNDER RECEPTION NO. 637986 IS CURRENT. NOTE: SAID INSTRUMENT DISCLOSES MARC EZRALOW, AS TRUSTEE OF THE MARC EZRALOW 1997 TRUST AS THE SOLE MEMBER/MANAGER AUTHORIZED TO EXECUTE INSTRUMENTS CONVEYING, ENCUMBERING OR OTHERWISE AFFECTING TITLE TO REAL PROPERTY ON BEHALF OF SAID ENTITY. IF THIS INFORMATION IS NOT ACCURATE, A CURRENT STATEMENT OF AUTHORITY MUST BE RECORDED. 3.RELEASE OF DEED OF TRUST DATED NOVEMBER 26, 2019 FROM DOWNTOWN 420, LLC, A DELAWARE LIMITED LIABILITY COMPANY TO THE PUBLIC TRUSTEE OF PITKIN COUNTY FOR THE USE OF CITY NATIONAL BANK TO SECURE THE SUM OF $9,350,000.00 RECORDED NOVEMBER 26, 2019, UNDER RECEPTION NO. 660774. THIS COMMITMENT IS FOR INFORMATION ONLY, AND NO POLICY WILL BE ISSUED PURSUANT HERETO. 37 This commitment does not republish any covenants, condition, restriction, or limitation contained in any document referred to in this commitment to the extent that the specific covenant, conditions, restriction, or limitation violates state or federal law based on race, color, religion, sex, sexual orientation, gender identity, handicap, familial status, or national origin. 1.Any facts, rights, interests, or claims thereof, not shown by the Public Records but that could be ascertained by an inspection of the Land or that may be asserted by persons in possession of the Land. 2.Easements, liens or encumbrances, or claims thereof, not shown by the Public Records. 3.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 and not shown by the Public Records. 4.Any lien, or right to a lien, for services, labor or material heretofore or hereafter furnished, imposed by law and not shown by the Public Records. 5.Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date of the proposed insured acquires of record for value the estate or interest or mortgage thereon covered by this Commitment. 6.(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. 7.(a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof; (c) water rights, claims or title to water. 8.RESERVATIONS AND EXCEPTIONS AS SET FORTH IN THE DEED FROM THE CITY OF ASPEN RECORDED OCTOBER 12, 1887 IN BOOK 59 AT PAGE 31, PROVIDING AS FOLLOWS: THAT NO TITLE SHALL BE HEREBY ACQUIRED TO ANY MINE OF GOLD, SILVER, CINNABAR OR COPPER OR TO ANY VALID MINING CLAIM OR POSSESSION HELD UNDER EXISTING LAWS. 9.TERMS, CONDITIONS, PROVISIONS AND OBLIGATIONS OF RESOLUTION NO. 6, SERIES OF 1973 AS SET FORTH IN INSTRUMENT RECORDED APRIL 3, 1973 IN BOOK 274 AT PAGE 217. 10.TERMS, CONDITIONS, PROVISIONS AND OBLIGATIONS OF STATEMENT OF EXEMPTION FROM SUBDIVISION REGULATION AS SET FORTH IN INSTRUMENT RECORDED JUNE 4, 1981 IN BOOK 409 AT PAGE 353. 11.THOSE PROVISIONS, COVENANTS AND CONDITIONS, EASEMENTS AND RESTRICTIONS, WHICH ARE A BURDEN TO THE CONDOMINIUM UNIT DESCRIBED IN SCHEDULE A, AS CONTAINED IN INSTRUMENT RECORDED JUNE 04, 1981, IN BOOK 409 AT PAGE 355. 12.EASEMENTS, CONDITIONS, COVENANTS, RESTRICTIONS, RESERVATIONS AND NOTES ON THE PLAT OF DUVIKE CONDOMINIUM RECORDED JUNE 04, 1981 IN BOOK 11 AT PAGE 61. 13.TERMS, CONDITIONS, PROVISIONS AND OBLIGATIONS OF AGREEMENT RECORDED MAY 20, 2003 AS RECEPTION NO. 483036. ALTA COMMITMENT Old Republic National Title Insurance Company Schedule B, Part II (Exceptions) Order Number: Q62013563 38 14.TERMS, CONDITIONS, PROVISIONS AND OBLIGATIONS OF RESOLUTION NO. 17, SERIES OF 2012 RECORDED AUGUST 16, 2012 AS RECEPTION NO. 591420. 15.TERMS, CONDITIONS, PROVISIONS AND OBLIGATIONS OF RESOLUTION NO. 28, SERIES OF 2012 RECORDED NOVEMBER 29, 2012 AS RECEPTION NO. 594287. 16.TERMS, CONDITIONS, PROVISIONS AND OBLIGATIONS OF RESOLUTION NO. 13, SERIES OF 2013 RECORDED MAY 24, 2013 AS RECEPTION NO. 599795. 17.TERMS, CONDITIONS, PROVISIONS AND OBLIGATIONS OF ORDINANCE NO. 27, SERIES OF 2013 RECORDED SEPTEMBER 16, 2013 AS RECEPTION NO. 603649. 18.TERMS, CONDITIONS, PROVISIONS AND OBLIGATIONS OF RESOLUTION NO. 16, SERIES OF 2014 RECORDED JUNE 18, 2014 AS RECEPTION NO. 611204. 19.TERMS, CONDITIONS, AND PROVISIONS OF SUBDIVIDER'S AGREEMENT RECORDED NOVEMBER 21, 2014, UNDER RECEPTION NO. 615594. 20.RIGHTS OF TENANTS, AS TENANTS ONLY, UNDER UNRECORDED LEASES. 21.TERMS, CONDITIONS, PROVISIONS AND OBLIGATIONS OF AGREEMENT FOR TEMPORARY ANCHORING EASEMENT RECORDED JANUARY 15, 2019 AS RECEPTION NO. 653365 AND AMENDMENT RECORDED MAY 7, 2019 AS RECEPTION NO. 655770 AND SECOND AMENDMENT THERETO RECORDED FEBRUARY 10, 2020 AS RECEPTION NO. 662660. 22.TERMS, CONDITIONS, PROVISIONS AND OBLIGATIONS OF AGREEMENT FOR TEMPORARY ANCHORING EASEMENT RECORDED JANUARY 15, 2019 AS RECEPTION NO. 653366 AND AMENDMENT RECORDED MAY 7, 2019 AS RECEPTION NO. 655771 AND SECOND AMENDMENT THERETO FEBRUARY 10, 2020 AS RECEPTION NO. 662661. 23.ANY FACTS, RIGHTS, INTERESTS OR CLAIMS WHICH MAY EXIST OR ARISE BY REASON OF THE FOLLOWING FACTS SHOWN ON IMPROVEMENT SURVEY PLAT DATED AUGUST, 2016, PREPARED BY ASPEN SURVEY ENGINEERS, INC., JOB NO. 10100AB AND UPLOADED AS ESI 31845426: A. BUILDING ENCROACHES ONTO LOT P. B. SIGN ENCROACHES ONTO LOT N. C. ROOF ENCROACHES INTO THE RIGHT OF WAY FOR HYMAN AVENUE MALL. D. ADJOINER'S STAIRS, PATIO AND ROOF ENCROACH ONTO SUBJECT PROPERTY. ALTA COMMITMENT Old Republic National Title Insurance Company Schedule B, Part II (Exceptions) Order Number: Q62013563 39 LAND TITLE GUARANTEE COMPANY DISCLOSURE STATEMENTS Note: Pursuant to CRS 10-11-122, notice is hereby given that: Note: Effective September 1, 1997, CRS 30-10-406 requires that all documents received for recording or filing in the clerk and recorder's office shall contain a top margin of at least one inch and a left, right and bottom margin of at least one half of an inch. The clerk and recorder may refuse to record or file any document that does not conform, except that, the requirement for the top margin shall not apply to documents using forms on which space is provided for recording or filing information at the top margin of the document. Note: Colorado Division of Insurance Regulations 8-1-2 requires that "Every title entity shall be responsible for all matters which appear of record prior to the time of recording whenever the title entity conducts the closing and is responsible for recording or filing of legal documents resulting from the transaction which was closed". Provided that Land Title Guarantee Company conducts the closing of the insured transaction and is responsible for recording the legal documents from the transaction, exception number 5 will not appear on the Owner's Title Policy and the Lenders Policy when issued. Note: Affirmative mechanic's lien protection for the Owner may be available (typically by deletion of Exception no. 4 of Schedule B, Section 2 of the Commitment from the Owner's Policy to be issued) upon compliance with the following conditions: No coverage will be given under any circumstances for labor or material for which the insured has contracted for or agreed to pay. The Subject real property may be located in a special taxing district.(A) A certificate of taxes due listing each taxing jurisdiction will be obtained from the county treasurer of the county in which the real property is located or that county treasurer's authorized agent unless the proposed insured provides written instructions to the contrary. (for an Owner's Policy of Title Insurance pertaining to a sale of residential real property). (B) The information regarding special districts and the boundaries of such districts may be obtained from the Board of County Commissioners, the County Clerk and Recorder, or the County Assessor. (C) The land described in Schedule A of this commitment must be a single family residence which includes a condominium or townhouse unit. (A) No labor or materials have been furnished by mechanics or material-men for purposes of construction on the land described in Schedule A of this Commitment within the past 6 months. (B) The Company must receive an appropriate affidavit indemnifying the Company against un-filed mechanic's and material-men's liens. (C) The Company must receive payment of the appropriate premium.(D) If there has been construction, improvements or major repairs undertaken on the property to be purchased within six months prior to the Date of Commitment, the requirements to obtain coverage for unrecorded liens will include: disclosure of certain construction information; financial information as to the seller, the builder and or the contractor; payment of the appropriate premium fully executed Indemnity Agreements satisfactory to the company, and, any additional requirements as may be necessary after an examination of the aforesaid information by the Company. (E) 40 Note: Pursuant to CRS 10-11-123, notice is hereby given: This notice applies to owner's policy commitments disclosing that a mineral estate has been severed from the surface estate, in Schedule B-2. Note: Pursuant to CRS 10-1-128(6)(a), It is unlawful to knowingly provide false, incomplete, or misleading facts or information to an insurance company for the purpose of defrauding or attempting to defraud the company. Penalties may include imprisonment, fines, denial of insurance, and civil damages. Any insurance company or agent of an insurance company who knowingly provides false, incomplete, or misleading facts or information to a policyholder or claimant for the purpose of defrauding or attempting to defraud the policyholder or claimant with regard to a settlement or award payable from insurance proceeds shall be reported to the Colorado Division of Insurance within the Department of Regulatory Agencies. Note: Pursuant to Colorado Division of Insurance Regulations 8-1-3, notice is hereby given of the availability of a closing protection letter for the lender, purchaser, lessee or seller in connection with this transaction. Note: Pursuant to CRS 10-1-11(4)(a)(1), Colorado notaries may remotely notarize real estate deeds and other documents using real-time audio-video communication technology. You may choose not to use remote notarization for any document. That there is recorded evidence that a mineral estate has been severed, leased, or otherwise conveyed from the surface estate and that there is substantial likelihood that a third party holds some or all interest in oil, gas, other minerals, or geothermal energy in the property; and (A) That such mineral estate may include the right to enter and use the property without the surface owner's permission. (B) 41 JOINT NOTICE OF PRIVACY POLICY OF LAND TITLE GUARANTEE COMPANY, LAND TITLE GUARANTEE COMPANY OF SUMMIT COUNTY LAND TITLE INSURANCE CORPORATION AND OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY This Statement is provided to you as a customer of Land Title Guarantee Company as agent for Land Title Insurance Corporation and Old Republic National Title Insurance Company. We want you to know that we recognize and respect your privacy expectations and the requirements of federal and state privacy laws. Information security is one of our highest priorities. We recognize that maintaining your trust and confidence is the bedrock of our business. We maintain and regularly review internal and external safeguards against unauthorized access to your non-public personal information ("Personal Information"). In the course of our business, we may collect Personal Information about you from: applications or other forms we receive from you, including communications sent through TMX, our web-based transaction management system; your transactions with, or from the services being performed by us, our affiliates, or others; a consumer reporting agency, if such information is provided to us in connection with your transaction; and The public records maintained by governmental entities that we obtain either directly from those entities, or from our affiliates and non-affiliates. Our policies regarding the protection of the confidentiality and security of your Personal Information are as follows: We restrict access to all Personal Information about you to those employees who need to know that information in order to provide products and services to you. We may share your Personal Information with affiliated contractors or service providers who provide services in the course of our business, but only to the extent necessary for these providers to perform their services and to provide these services to you as may be required by your transaction. We maintain physical, electronic and procedural safeguards that comply with federal standards to protect your Personal Information from unauthorized access or intrusion. Employees who violate our strict policies and procedures regarding privacy are subject to disciplinary action. We regularly assess security standards and procedures to protect against unauthorized access to Personal Information. WE DO NOT DISCLOSE ANY PERSONAL INFORMATION ABOUT YOU WITH ANYONE FOR ANY PURPOSE THAT IS NOT STATED ABOVE OR PERMITTED BY LAW. Consistent with applicable privacy laws, there are some situations in which Personal Information may be disclosed. We may disclose your Personal Information when you direct or give us permission; when we are required by law to do so, for example, if we are served a subpoena; or when we suspect fraudulent or criminal activities. We also may disclose your Personal Information when otherwise permitted by applicable privacy laws such as, for example, when disclosure is needed to enforce our rights arising out of any agreement, transaction or relationship with you. Our policy regarding dispute resolution is as follows: Any controversy or claim arising out of or relating to our privacy policy, or the breach thereof, shall be settled by arbitration in accordance with the rules of the American Arbitration Association, and judgment upon the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof. 42 Commitment For Title Insurance Issued by Old Republic National Title Insurance Company NOTICE IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT. THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON, INCLUDING A PROPOSED INSURED. THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS COMMITMENT TO ANY OTHER PERSON. . COMMITMENT TO ISSUE POLICY Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the Commitment Conditions, Old Republic National Title Insurance Company, a Minnesota corporation (the “Company”), commits to issue the Policy according to the terms and provisions of this Commitment. This Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the Proposed Policy Amount and the name of the Proposed Insured. If all of the Schedule B, Part I—Requirements have not been met within 6 months after the Commitment Date, this Commitment terminates and the Company’s liability and obligation end. COMMITMENT CONDITIONS 1. DEFINITIONS 2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in the Commitment to Issue Policy, Commitment terminates and the Company’s liability and obligation end. 3. The Company’s liability and obligation is limited by and this Commitment is not valid without: 4. COMPANY’S RIGHT TO AMEND The Company may amend this Commitment at any time. If the Company amends this Commitment to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5. The Company shall not be liable for any other amendment to this Commitment. 5. LIMITATIONS OF LIABILITY i. comply with the Schedule B, Part I—Requirements; ii. eliminate, with the Company’s written consent, any Schedule B, Part II—Exceptions; or iii. acquire the Title or create the Mortgage covered by this Commitment. “Knowledge” or “Known”: Actual or imputed knowledge, but not constructive notice imparted by the Public Records.(a) “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 to be insured by the Policy. (b) “Mortgage”: A mortgage, deed of trust, or other security instrument, including one evidenced by electronic means authorized by law.(c) “Policy”: Each contract of title insurance, in a form adopted by the American Land Title Association, issued or to be issued by the Company pursuant to this Commitment. (d) “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each Policy to be issued pursuant to this Commitment.(e) “Proposed Policy Amount”: Each dollar amount specified in Schedule A as the Proposed Policy Amount of each Policy to be issued pursuant to this Commitment. (f) “Public Records”: Records established under state statutes at the Commitment Date for the purpose of imparting constructive notice of matters relating to real property to purchasers for value and without Knowledge. (g) “Title”: The estate or interest described in Schedule A.(h) the Notice;(a) the Commitment to Issue Policy;(b) the Commitment Conditions;(c) Schedule A;(d) Schedule B, Part I—Requirements; and(e) Schedule B, Part II—Exceptions; and(f) a counter-signature by the Company or its issuing agent that may be in electronic form.(g) The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s actual expense incurred in the interval between the Company’s delivery to the Proposed Insured of the Commitment and the delivery of the amended Commitment, resulting from the Proposed Insured’s good faith reliance to: (a) The Company shall not be liable under Commitment Condition 5(a) if the Proposed Insured requested the amendment or had Knowledge of the matter and did not notify the Company about it in writing. (b) The Company will only have liability under Commitment Condition 4 if the Proposed Insured would not have incurred the expense had the Commitment included the added matter when the Commitment was first delivered to the Proposed Insured. (c) The Company’s liability shall not exceed the lesser of the Proposed Insured’s actual expense incurred in good faith and described in Commitment Conditions 5(a)(i) through 5(a)(iii) or the Proposed Policy Amount. (d) The Company shall not be liable for the content of the Transaction Identification Data, if any.(e) 43 6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT 7. IF THIS COMMITMENT HAS BEEN ISSUED BY AN ISSUING AGENT The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance commitments and policies. The issuing agent is not the Company’s agent for the purpose of providing closing or settlement services. 8. PRO-FORMA POLICY The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating the coverage that the Company may provide. A pro-forma policy neither reflects the status of Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a commitment to insure. 9. ARBITRATION The Policy contains an arbitration clause. All arbitrable matters when the Proposed Policy Amount is $2,000,000 or less shall be arbitrated at the option of either the Company or the Proposed Insured as the exclusive remedy of the parties. A Proposed Insured may review a copy of the arbitration rules at http://www.alta.org/arbitration. IN WITNESS WHEREOF, Land Title Insurance Corporation has caused its corporate name and seal to be affixed by its duly authorized officers on the date shown in Schedule A to be valid when countersigned by a validating officer or other authorized signatory. Issued by: Land Title Guarantee Company 3033 East First Avenue Suite 600 Denver, Colorado 80206 303-321-1880 Craig B. Rants, Senior Vice President This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by Land Title Insurance Corporation. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. Copyright 2006-2016 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. In no event shall the Company be obligated to issue the Policy referred to in this Commitment unless all of the Schedule B, Part I—Requirements have been met to the satisfaction of the Company. (f) In any event, the Company’s liability is limited by the terms and provisions of the Policy.(g) Only a Proposed Insured identified in Schedule A, and no other person, may make a claim under this Commitment.(a) Any claim must be based in contract and must be restricted solely to the terms and provisions of this Commitment.(b) Until the Policy is issued, this Commitment, as last revised, is the exclusive and entire agreement between the parties with respect to the subject matter of this Commitment and supersedes all prior commitment negotiations, representations, and proposals of any kind, whether written or oral, express or implied, relating to the subject matter of this Commitment. (c) The deletion or modification of any Schedule B, Part II—Exception does not constitute an agreement or obligation to provide coverage beyond the terms and provisions of this Commitment or the Policy. (d) Any amendment or endorsement to this Commitment must be in writing and authenticated by a person authorized by the Company.(e) When the Policy is issued, all liability and obligation under this Commitment will end and the Company’s only liability will be under the Policy.(f) 44 45 Pitkin County Mailing List of 300 Feet Radius Pitkin County GIS presents the information and data on this web site as a service to the public. Every effort has been made to ensure that the information and data contained in this electronic system is accurate, but the accuracy may change. Mineral estate ownership is not included in this mailing list. Pitkin County does not maintain a database of mineral estate owners. Pitkin County GIS makes no warranty or guarantee concerning the completeness, accuracy, or reliability of the content at this site or at other sites to which we link. Assessing accuracy and reliability of information and data is the sole responsibility of the user. The user understands he or she is solely responsible and liable for use, modification, or distribution of any information or data obtained on this web site. This document contains a Mailing List formatted to be printed on Avery 5160 Labels. If printing, DO NOT "fit to page" or "shrink oversized pages." This will manipulate the margins such that they no longer line up on the labels sheet. Print actual size. From Parcel: 273707339020 on 10/29/2021 Instructions: Disclaimer: http://www.pitkinmapsandmore.com 46 315 E HYMAN AVE HOLDINGS LLC ASPEN, CO 81611 625 E MAIN ST UNIT 102B #401 434 EAST COOPER AVENUE LLC ASPEN, CO 81611 516 E HYMAN AVE 2ND FL 415 EAST HYMAN AVE LLC ASPEN, CO 81612 PO BOX 4068 DCGB LLC NEW YORK, NY 10019 610 WEST 52 ST BARNETT FYRWALD HOLDINGS INC LITTLE ROCK, AR 722022017 2222 COTTONDALE LN #200 315 E HYMAN AVE HOLDINGS LLC ASPEN, CO 81611 625 E MAIN ST UNIT 102B #401 400 HYMAN LLC ASPEN, CO 816112118 1010 E HYMAN AVE COLLINS BLOCK LLC ASPEN, CO 81611 205 S GALENA ST 315 E HYMAN AVE HOLDINGS LLC ASPEN, CO 81611 625 E MAIN ST UNIT 102B #401 ASPEN GOLDEN HORN LLC BEVERLY HILLS, CA 90212 9420 WILSHIRE BLVD 4TH FL COLLINS BLOCK LLC ASPEN, CO 81611 205 S GALENA ST COLLINS BLOCK LLC ASPEN, CO 81611 205 S GALENA ST 315 E HYMAN AVE HOLDINGS LLC ASPEN, CO 81611 625 E MAIN ST UNIT 102B #401 419 EAST HYMAN AVENUE LLC ASPEN, CO 81611 625 E MAIN ST UNIT 102B #401 BPOE ASPEN LODGE #224 ASPEN, CO 81611 510 E HYMAN AVE 3RD FL DOWNTOWN 420 LLC CALABASAS, CA 91302 23622 CALABASAS RD #200 407 HYMAN LLC GLENWOOD SPRINGS , CO 81601 51027 HWY 6 & 24 #100 KANDYCOM INC ARCADIA, CA 91006 766 SINGING WOOD DR F & M VENTURES LLC ASPEN, CO 81611 415 E HYMAN AVE WHEELER BLOCK BUILDING LLC COLUMBIA, MO 65203 211 N STADIUM BLVD STE 201 ROARING FORK CONDOS ASSOC ASPEN, CO 81611 COMMON AREA 415 E HYMAN AVE F & M VENTURES LLC ASPEN, CO 81611 415 E HYMAN AVE HOPKINS ASPEN HOLDINGS LLC ASPEN, CO 81611 625 E MAIN ST UNIT 102 B #401 COLLINS BLOCK LLC ASPEN, CO 81611 205 S GALENA ST F & M VENTURES LLC ASPEN, CO 81611 415 E HYMAN AVE BRAND BUILDING LLC ASPEN, CO 81611 205 S GALENA ST BPOE ASPEN LODGE #224 ASPEN, CO 81611 510 E HYMAN AVE 3RD FL 315 E HYMAN AVE HOLDINGS LLC ASPEN, CO 81611 625 E MAIN ST UNIT 102B #401 BPOE ASPEN LODGE #224 ASPEN, CO 81611 510 E HYMAN AVE 3RD FL 400 BUILDING LLC BOCA RATON, FL 33432-3933 306 N PLAZA REAL 47 F & M VENTURES LLC ASPEN, CO 81611 415 E HYMAN AVE BRAND BUILDING LLC ASPEN, CO 81611 205 S GALENA ST COX ANTHONY E LIVING TRUST CAPITOLA, CA 95010 1260 41ST AVE #O PARAGON PENTHOUSE LLC BEVERLY HILLS, CA 90212 9950 SANTA MONICA BLVD COLLINS BLOCK LLC ASPEN, CO 81611 205 S GALENA ST ASPEN GOLDEN HORN LLC BEVERLY HILLS, CA 90212 9420 WILSHIRE BLVD 4TH FL F & M VENTURES LLC ASPEN, CO 81611 415 E HYMAN AVE COLLINS BLOCK LLC ASPEN, CO 81611 205 S GALENA ST DOWNTOWN 420 LLC CALABASAS, CA 91302 23622 CALABASAS RD #200 CITY OF ASPEN ASPEN, CO 81611 130 S GALENA ST COLLINS BLOCK LLC ASPEN, CO 81611 205 S GALENA ST F & M VENTURES LLC ASPEN, CO 81611 415 E HYMAN AVE ASPEN MILL 228 LLC CENTENNIAL, CO 80112 9615 E COUNTY LINE RD #B-396 315 EAST HYMAN AVENUE HOLDINGS LLC ASPEN, CO 81611 516 E HYMAN AVE 305-7 MILL STREET LLC ASPEN, CO 81611 625 E MAIN ST UNIT 102B #401 HOPKINS ASPEN HOLDINGS LLC ASPEN, CO 81611 625 E MAIN ST UNIT 102 B #401 315 EAST HYMAN AVENUE HOLDINGS LLC ASPEN, CO 81611 516 E HYMAN AVE F & M VENTURES LLC ASPEN, CO 81611 415 E HYMAN AVE KANTZER TAYLOR FAM TRST #1 MANHATTAN BEACH, CA 90266 216 SEVENTEENTH ST BRAND BUILDING LLC ASPEN, CO 81611 205 S GALENA ST 411 EAST HYMAN AVENUE LLC ASPEN, CO 81611 625 E MAIN ST UNIT 102B #401 315 E HYMAN AVE HOLDINGS LLC ASPEN, CO 81611 625 E MAIN ST UNIT 102B #401 PARAGON BUILDING CONDO ASSOC ASPEN, CO 81611 COMMON AREA 419 E HYMAN AVE SILVER SLAM COMMERCIAL LLC NEW YORK, NY 10001 30 HUDSON YARDS FL 72 400 BUILDING LLC BOCA RATON, FL 33432-3933 306 N PLAZA REAL DOWNTOWN 420 LLC CALABASAS, CA 91302 23622 CALABASAS RD #200 315 E HYMAN AVE HOLDINGS LLC ASPEN, CO 81611 625 E MAIN ST UNIT 102B #401 315 E HYMAN AVE HOLDINGS LLC ASPEN, CO 81611 625 E MAIN ST UNIT 102B #401 COLLINS BLOCK LLC ASPEN, CO 81611 205 S GALENA ST DOWNTOWN 420 LLC CALABASAS, CA 91302 23622 CALABASAS RD #200 48 DOLE MARGARET M ASPEN, CO 816111989 400 E HYMAN AVE #302 HINDERSTEIN FAM REV TRUST GREENBANK, WA 98253 4415 HONEYMOON BAY RD BRAND BUILDING LLC ASPEN, CO 81611 205 S GALENA ST ASPEN FIRE PROTECTION DISTRICT ASPEN, CO 81611 420 E HOPKINS AVE SILVER SLAM COMMERCIAL LLC NEW YORK, NY 10001 30 HUDSON YARDS FL 72 DUVIKE CONDO ASSOC ASPEN, CO 81611 COMMON AREA 420 E HYMAN AVE F & M VENTURES LLC ASPEN, CO 81611 415 E HYMAN AVE 315 E HYMAN AVE HOLDINGS LLC ASPEN, CO 81611 625 E MAIN ST UNIT 102B #401 315 E HYMAN AVE HOLDINGS LLC ASPEN, CO 81611 625 E MAIN ST UNIT 102B #401 514 AH LLC ASPEN, CO 81611 514 E HYMAN AVE WOODS FAMILY LP ASPEN, CO 81611 514 TWINING FLATS RD CITY OF ASPEN ASPEN, CO 81611 130 S GALENA ST 400 EAST HYMAN LLC ASPEN, CO 81611 400 E HYMAN AVE # 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ASPEN, CO 81611 TEL: 970.925.5590 FAX: 970.920.4557 cunniffe.com SHEET NO. JOB NO.8/21/2020 10:48:20 AMA0.19 1716 PROPOSED NET LEASABLE / NET LIVABLE AREAS420 E. HYMAN420 E. HYMAN AVE.ASPEN, CO 81611 1/8" = 1'-0" 1 LOWER LEVEL NET LEASABLE 1/8" = 1'-0" 2 MAIN LEVEL NET LEASABLE 1/8" = 1'-0" 3 SECOND LEVEL NET LEASABLE 1/8" = 1'-0" 4 THIRD LEVEL NET LEASABLE NET LEASABLE / NET LIVABLE S.F. TABULATION Level Name Area NET LEASABLE / NET LIVABLE 4 - NON-UNIT LOWER LEVEL LOWER LEVEL ELEVATOR - NON-UNIT 51 SF NON-UNIT LOWER LEVEL LOWER LEVEL MECHANICAL - NON-UNIT 76 SF NON-UNIT MAIN LEVEL MAIN LEVEL AIR LOCK - NON-UNIT 60 SF NON-UNIT MAIN LEVEL MAIN LEVEL ELEVATOR - NON-UNIT 51 SF NON-UNIT MAIN LEVEL MAIN LEVEL REAR LOBBY - NON-UNIT 115 SF NON-UNIT MAIN LEVEL MAIN LEVEL STAIR #1 FROM SECOND LEVEL - NON-UNIT 84 SF NON-UNIT MAIN LEVEL MAIN LEVEL STAIR #3 FROM SECOND LEVEL - NON-UNIT 85 SF NON-UNIT SECOND LEVEL SECOND LEVEL ELEVATOR - NON-UNIT 51 SF NON-UNIT SECOND LEVEL SECOND LEVEL HALLWAY - NON-UNIT 328 SF NON-UNIT SECOND LEVEL SECOND LEVEL STAIR #1 TO MAIN LEVEL - NON-UNIT 52 SF NON-UNIT SECOND LEVEL SECOND LEVEL STAIR #3 TO MAIN LEVEL - NON-UNIT 85 SF NON-UNIT 4 - NON-UNIT 1039 SF 5 - EXTERIOR MAIN LEVEL GARAGE & SERVICE/TRASH AREA 532 SF EXEMPT MAIN LEVEL MAIN LEVEL EXTERIOR REAR ENTRY STOOP 55 SF EXEMPT THIRD LEVEL FREE-MARKET DECK - UPPER 333 SF EXEMPT 5 - EXTERIOR 920 SF NET LEASABLE / NET LIVABLE S.F. TABULATION Level Name Area NET LEASABLE / NET LIVABLE 2 - AFFORDABLE HOUSING UNIT SECOND LEVEL AHU #1 - STUDIO 501 SF NET LIVABLE SECOND LEVEL AHU #2 - STUDIO 506 SF NET LIVABLE SECOND LEVEL AHU #3 - 2 BEDROOM 959 SF NET LIVABLE 2 - AFFORDABLE HOUSING UNIT 1967 SF 3 - FREE-MARKET UNIT SECOND LEVEL FREE-MARKET UNIT - LOWER 18 SF NET LIVABLE THIRD LEVEL FREE-MARKET UNIT - UPPER 1801 SF NET LIVABLE 3 - FREE-MARKET UNIT 1819 SF NET LEASABLE / NET LIVABLE S.F. TABULATION Level Name Area NET LEASABLE / NET LIVABLE 1 - COMMERCIAL LOWER LEVEL LOWER LEVEL - COMMERCIAL 1929 SF NET LEASABLE LOWER LEVEL LOWER LEVEL - COMMERCIAL 81 SF NET LEASABLE LOWER LEVEL LOWER LEVEL LOBBY - COMMERCIAL 42 SF NET LEASABLE LOWER LEVEL LOWER LEVEL MECHANICAL - COMMERCIAL 238 SF NET LEASABLE LOWER LEVEL LOWER LEVEL STAIR #1 - COMMERCIAL 187 SF NET LEASABLE LOWER LEVEL LOWER LEVEL STAIR #2 - COMMERCIAL 60 SF NET LEASABLE MAIN LEVEL MAIN LEVEL - COMMERCIAL 1486 SF NET LEASABLE MAIN LEVEL MAIN LEVEL STAIR #1 TO LOWER LEVEL - COMMERCIAL 98 SF NET LEASABLE MAIN LEVEL MAIN LEVEL STAIR #2 TO LOWER LEVEL - COMMERCIAL 51 SF NET LEASABLE MAIN LEVEL RESTROOM - COMMERCIAL 50 SF NET LEASABLE SECOND LEVEL SECOND LEVEL - COMMERCIAL 180 SF NET LEASABLE 1 - COMMERCIAL 4402 SF ISSUE: DATE: PERMIT SUBMITTAL 3/13/17 PERMIT RESUB. 2/27/18 CDs 01/31/19 PERMIT CO #1 8/14/20 ZONING 4401 SF 1038 SF 1 1 1 1 1 54 UP UP UP DN UP DN UP DN DN DN 4 4 1 1 E E A A CC DD BB 2 23 3 1648 SF LOWER LEVEL - COMMERCIAL - SECOND TIER 60 SF LOWER LEVEL STAIR #2 - COMMERCIAL - SECOND TIER 51 SF LOWER LEVEL ELEVATOR - BUILDING COMMON 187 SF LOWER LEVEL STAIR #1 - COMMERCIAL - SECOND TIER NET AREA LEGEND: BUILDING COMMON SECOND TIER SHARED COMMERCIAL 76 SF LOWER LEVEL MECHANICAL - BUILDING COMMON 238 SF LOWER LEVEL MECHANICAL - SHARED COMMERCIAL 42 SF LOWER LEVEL LOBBY - COMMERCIAL - SECOND TIER 81 SF LOWER LEVEL - COMMERCIAL - SECOND TIER 185 SF LOWER LEVEL - COMMERCIAL - SECOND TIER 96 SF LOWER LEVEL CORRIDOR - SHARED COMMERCIAL 4 4 1 1 E E A A CC DD BB 2 23 3 532 SF GARAGE & SERVICE/TRASH AREA - BUILDING COMMON 51 SF MAIN LEVEL STAIR #2 TO LOWER LEVEL - COMMERCIAL - SECOND TIER 1327 SF MAIN LEVEL - PRIME COMMERCIAL 51 SF MAIN LEVEL ELEVATOR - BUILDING COMMON 98 SF MAIN LEVEL STAIR #1 TO LOWER LEVEL - COMMERCIAL - SECOND TIER 84 SF MAIN LEVEL STAIR #1 FROM SECOND LEVEL - BUILDING COMMON NET AREA LEGEND: BUILDING COMMON EXEMPT PRIME COMMERCIAL SECOND TIER SHARED COMMERCIAL 85 SF MAIN LEVEL STAIR #3 FROM SECOND LEVEL - BUILDING COMMON 115 SF MAIN LEVEL REAR LOBBY - BUILDING COMMON 60 SF MAIN LEVEL AIR LOCK - BUILDING COMMON 50 SF RESTROOM - SHARED COMMERCIAL 55 SF MAIN LEVEL EXTERIOR REAR ENTRY STOOP - BUILDING COMMON 9 SF VERTICAL MECH. CHASE - BUILDING COMMON - EXEMPT 1486 SF 4 4 1 1 E E A A CC DD BB 2 23 3 501 SF RESIDENTIAL - AFFORDABLE #1 959 SF RESIDENTIAL - AFFORDABLE #3 328 SF SECOND LEVEL HALLWAY - BUILDING EXEMPT 506 SF RESIDENTIAL - AFFORDABLE #2 51 SF SECOND LEVEL ELEVATOR - BUILDING COMMON 180 SF SECOND LEVEL - COMMERCIAL - SECOND TIER 52 SF SECOND LEVEL STAIR #1 TO MAIN LEVEL - BUILDING EXEMPT 29 SF RESIDENTIAL FREE-MARKET STAIR LOWER - EXEMPT 85 SF SECOND LEVEL STAIR #3 TO MAIN LEVEL - BUILDING COMMON NET AREA LEGEND: AFFORDABLE BUILDING COMMON EXEMPT FREE MARKET SECOND TIER 18 SF RESIDENTIAL FREE-MARKET UNIT - LOWER 9 SF VERTICAL MECH. CHASE - BUILDING COMMON - EXEMPT 4 4 1 1 E E A A CC DD BB 2 23 3 1801 SF RESIDENTIAL - FREE-MARKET 333 SF RESIDENTIAL - FREE-MARKET - DECK 76 SF RESIDENTIAL - FREE-MARKET - EXEMPT ELEVATED GREEN ROOF NET AREA LEGEND: EXEMPT FREE MARKET 51 SF THIRD LEVEL ELEVATOR - BUILDING COMMON - EXEMPT 12 SF VERTICAL MECH. CHASE - BUILDING COMMON - EXEMPT AREA CHARLES CUNNIFFE ARCHITECTS COPYRIGHT CHARLES CUNNIFFE ARCHITECTSC 610 EAST HYMAN AVE. ASPEN, CO 81611 TEL: 970.925.5590 FAX: 970.920.4557 cunniffe.com SHEET NO. JOB NO.10/29/2021 1:50:40 PMA0.19a 1716 EXISTING NET LIVEABLE/LEASEABLE420 E. HYMAN420 E. HYMAN AVE.ASPEN, CO 81611ISSUE: DATE: PERMIT CO #1 8/14/20 1 LOWER LEVEL NET LIVEABLE/ LEASABLE2 MAIN LEVEL NET LIVEABLE/ LEASABLE3 SECOND LEVEL NET LIVEABLE/ LEASABLE4 THIRD LEVEL NET LIVEABLE/ LEASABLE 55 UP UP UP DN UP DN UP DN DN DN 4 4 1 1 E E A A CC DD BB 2 23 3 1648 SF LOWER LEVEL - COMMERCIAL - SECOND TIER 60 SF LOWER LEVEL STAIR #2 - COMMERCIAL - SECOND TIER 51 SF LOWER LEVEL ELEVATOR - BUILDING COMMON 187 SF LOWER LEVEL STAIR #1 - COMMERCIAL - SECOND TIER NET AREA LEGEND: BUILDING COMMON SECOND TIER SHARED COMMERCIAL 76 SF LOWER LEVEL MECHANICAL - BUILDING COMMON 238 SF LOWER LEVEL MECHANICAL - SHARED COMMERCIAL 42 SF LOWER LEVEL LOBBY - COMMERCIAL - SECOND TIER 81 SF LOWER LEVEL - COMMERCIAL - SECOND TIER 185 SF LOWER LEVEL - COMMERCIAL - SECOND TIER 96 SF LOWER LEVEL CORRIDOR - SHARED COMMERCIAL OPENING OF STAIR FROM ABOVE 4 4 1 1 E E A A CC DD BB 2 23 3 532 SF GARAGE & SERVICE/TRASH AREA - BUILDING COMMON 51 SF MAIN LEVEL STAIR #2 TO LOWER LEVEL - COMMERCIAL - SECOND TIER 1327 SF MAIN LEVEL - PRIME COMMERCIAL 51 SF MAIN LEVEL ELEVATOR - BUILDING COMMON 98 SF MAIN LEVEL STAIR #1 TO LOWER LEVEL - COMMERCIAL - SECOND TIER 84 SF MAIN LEVEL STAIR #1 FROM SECOND LEVEL - BUILDING COMMON NET AREA LEGEND: BUILDING COMMON EXEMPT PRIME COMMERCIAL SECOND TIER SHARED COMMERCIAL 85 SF MAIN LEVEL STAIR #3 FROM SECOND LEVEL - BUILDING COMMON 115 SF MAIN LEVEL REAR LOBBY - BUILDING COMMON 60 SF MAIN LEVEL AIR LOCK - BUILDING COMMON 50 SF RESTROOM - SHARED COMMERCIAL 55 SF MAIN LEVEL EXTERIOR REAR ENTRY STOOP - BUILDING COMMON 9 SF VERTICAL MECH. CHASE - BUILDING COMMON - EXEMPT OPENING FOR STAIR TO BELOW - 159 SF 4 4 1 1 E E A A CC DD BB 2 23 3 501 SF RESIDENTIAL - AFFORDABLE #1 959 SF RESIDENTIAL - AFFORDABLE #3 328 SF SECOND LEVEL HALLWAY - BUILDING EXEMPT 506 SF RESIDENTIAL - AFFORDABLE #2 51 SF SECOND LEVEL ELEVATOR - BUILDING COMMON 180 SF SECOND LEVEL - COMMERCIAL - SECOND TIER 52 SF SECOND LEVEL STAIR #1 TO MAIN LEVEL - BUILDING EXEMPT 29 SF RESIDENTIAL FREE-MARKET STAIR LOWER - EXEMPT 85 SF SECOND LEVEL STAIR #3 TO MAIN LEVEL - BUILDING COMMON NET AREA LEGEND: AFFORDABLE BUILDING COMMON EXEMPT FREE MARKET SECOND TIER 18 SF RESIDENTIAL FREE-MARKET UNIT - LOWER 9 SF VERTICAL MECH. CHASE - BUILDING COMMON - EXEMPT 4 4 1 1 E E A A CC DD BB 2 23 3 1801 SF RESIDENTIAL - FREE-MARKET 333 SF RESIDENTIAL - FREE-MARKET - DECK 76 SF RESIDENTIAL - FREE-MARKET - EXEMPT ELEVATED GREEN ROOF NET AREA LEGEND: EXEMPT FREE MARKET 51 SF THIRD LEVEL ELEVATOR - BUILDING COMMON - EXEMPT 12 SF VERTICAL MECH. CHASE - BUILDING COMMON - EXEMPT AREA CHARLES CUNNIFFE ARCHITECTS COPYRIGHT CHARLES CUNNIFFE ARCHITECTSC 610 EAST HYMAN AVE. ASPEN, CO 81611 TEL: 970.925.5590 FAX: 970.920.4557 cunniffe.com SHEET NO. JOB NO.10/29/2021 1:50:42 PMA0.19b 1716 PROPOSED NET LIVEABLE/LEASEABLE420 E. HYMAN420 E. HYMAN AVE.ASPEN, CO 81611ISSUE: DATE: PERMIT CO #1 8/14/20 1 LOWER LEVEL NET LIVEABLE/ LEASABLE2 MAIN LEVEL NET LIVEABLE/ LEASABLE3 SECOND LEVEL NET LIVEABLE/ LEASABLE4 THIRD LEVEL NET LIVEABLE/ LEASABLE 56 57 58 1 Cindy Klob From:Cindy Klob Sent:Tuesday, January 4, 2022 4:41 PM To:Kate Johnson Subject:FW: Support for Banana Republic Here is the email I just received.    Cindy Klob Records Manager | City Clerk (O): 970.429.2686 | (C): 970.309.8161 www.cityofaspen.com My email address has recently changed. Please update your email contacts.  My typical in-office hours are Tuesday, Thursday & Friday, 8 am-5 pm. I work remotely Monday & Wednesday, 8 am-5 pm. Our Values: Stewardship | Partnership | Service | Innovation   From: Leah Fielding <leah.fielding@gmail.com>   Sent: Tuesday, January 4, 2022 4:36 PM  To: Cindy Klob <cindy.klob@cityofaspen.com>  Subject: Support for Banana Republic    Hello there,    I am offering support for Banana Republic as a locally serving business, assuming the employee housing piece can be  met. I know Banana Republic once served the community and was one of the few places locals could shop back then,  well now we the options are even worse and it'd be great to see an "affordable‐leaning" business in that space.     I don't think the locals could take another luxury chain store...morale is low out there.    Thank you.     Leah Fielding  LinkedIn 720.237.9162