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HomeMy WebLinkAboutresolution.council.062-24RESOLUTION 462 (Series of 2024) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO, APPROVING SETTLEMENT AGREEMENTS TO RESOLVE EXISTING APPEALS AND DISPUTES REGARDING APPLICATIONS FOR DEMOLITION ALLOTMENTS PURSUANT ORDINANCE NO. 13, SERIES OF 2022 AND ORDINANCE NO, 23, SERIES OF 2023 AND AUTHORIZING THE CITY MANAGER TO EXECUTE SAID SETTLEMENT AGREEMENTS ON BEHALF OF THE CITY OF ASPEN, COLORADO, WHEREAS, on June 28, 2022, Aspen City Council adopted Ordinance No. 13, Series of 2022 (Ordinance # 13 ). Ordinance # 13 provided numerous code amendments following the institution of a moratorium adopted by Council on March 15, 2022, pursuant to Ordinance No.6, Series of 2022. Among the items adopted pursuant to Ordinance # 13 was a restriction on the number of demolition allotments that would be issued each years and, WHEREAS, Ordinance # 13 included Growth Management Quota System amendments that provide a cap of six (6) standard Demolition Allotments per year, and stated that such allotments would be granted on a first come/first served basis. Pursuant to previous action by City Council, four of the six available 2024 Demolition Allotments had been issued in 2023 and, WHEREAS, pursuant to OrdinanceSeries of 2024 (Ordinance a lottery system was adopted by City Council to distribute Demolition Allotments. In addition, Ordinance #23 created two additional Demolition Allotments for 2024, thus allowing four Demolition Allotments to be distributed by lottery; and, WHEREAS, numerous applicants participated in the lottery that was conducted on February 20, 2024; and V�►THEREAS, the Community Development Director issued a Notice of Denial to the applicants that had applied for demolition allotments but were not selected in the lottery; and WHEREAS, six of these applicants timely filed a notice of appeal of the Notice of Denial pursuant to Section 26.470.160 A., which appeal is presently pending before City Council; and W HEREAS, the City staff and all six applicants desire to resolve the appeals and any further disputes that could arise involving the City and these parties concerning these applications and appeals, as well as current litigation that is ongoing regarding one of the applicants; and WHEREAS, there has been submitted to the City Council six Settlement Agreements, which if approved by the City Council would resolve these six appeals by granting to each of these six applicants a 2025 demolition allotment on the agreements and conditions set forth within the Settlement Agreements. The proposed Settlement Agreements are attached hereto as Exhibits "A" through "F". NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO, That the City Council of the City of Aspen hereby approves the Settlement Agreements attached hereto as Exhibit "A" through "F" and does hereby authorize the City Manager to execute said Settlement Agreements on behalf of the City of Aspen. INTRODUCED, READ AND ADOPTED by the City Council of the City of Aspen on the 14th day of May 2024, Torre, Mayor I, Nicole Henning, duly appointed and acting City Clerk do certify that the foregoing is a true and accurate copy of that resolution adopted by the City Council of the City of Aspen, Colorado, at a meeting held, May 14, 2024. DocuSign Envelope ID: C2FE8D33-D24C-487F-81 D7-56C7AAF8BC8F Exhibit A SETTLEMENT AGREEMENT This Settlement Agreement (the "Agreement") is entered into this 14th day of May 2024 (the "Effective Date") by and between the City of Aspen, a Colorado municipal corporation ("City") and the Gregory Mebel Revocable Living Trust and the Estate of Ron Ibara, Deceased (collectively, "Applicant"). The above -named entities and individuals may hereafter be collectively referred to as the "Parties", and each entity or individual may be separately referred to as a "Party". RECITALS WHEREAS, Applicant is the owner of the real properties legally described as: CONDOMINIUM UNITS 1 AND 2 MARLOW CONDOMINIUMS, ACCORDING TO THE CONDOMINIUM PLAT THEREOF RECORDED OCTOBER 14, 1981 IN PLAT BOOK 12, PAGE 22, AND ACCORDING TO THE CONDOMINIUM DECLARATION THEREOF RECORDED OCTOBER 14, 1981 IN BOOK 415, PAGE 846. COUNTY OF PITKIN, STATE OF COLORADO The above -referenced property is commonly known as 1075 Cemetery Lane, Unit 1 and Unit 2, Aspen, Colorado 81611 (the "Property"). WHEREAS, on June 28, 2022, Aspen City Council adopted Ordinance No. 13, Series of 2022 (Ordinance 7113). Ordinance #13 provided numerous code amendments following the institution of a moratorium adopted by Council on March 15, 2022, pursuant to Ordinance #6, Series of 2022. Among the items adopted pursuant to Ordinance 413 was a restriction on the number of "Demolition Allotments" that would be issued each year; and, WI -AREAS, Ordinance # 13 included Growth Management Quota System amendments that provide a cap of six (6) standard Demolition Allotments per year, and stated that such allotments would be granted on a first come/first served basis. Pursuant to previous action by City Council, four of the six available 2024 Demolition Allotments had been issued in 2023; and, WHEREAS, pursuant to Ordinance No. 23, Series of 2024 (Ordinance #23), a lottery system was adopted by City Council to distribute Demolition Allotments. In addition, Ordinance 123 created two additional Demolition Allotments for 2024, thus allowing four Demolition Allotments to be distributed by lottery. On January 2, 2024, Applicant submitted an application seeking a 2024 Demolition Allotment for the Property. The application was deemed complete, and Applicant participated in the lottery; and, WHEREAS, a lottery was held on February 20, 2024, and pursuant to such lottery, four properties, not including the Property, were deemed eligible for 2024 Demolition Allotments; and, 1318956.1 10/23/14 DocuSign Envelope ID: C2FE8D33-D24C-487F-81 D7-56C7AAF8BC8F WHEREAS, since Applicant was not deemed eligible for a 2024 Demolition Allotment, following the lottery, it was issued a letter of denial; and, WHEREAS, pursuant to Section 26.470.160 C. and Chapter 26.316 of the City's Land Use Code, the Applicant timely filed a notice of appeal of the denial of Applicant's application for a 2024 Demolition Allotment. The appeal asserted several claims challenging the denial of a 2024 Demolition Allotment to the Applicant. In addition, pursuant to Section 26.470.160 C., applicant requested the issuance of a Demolition Allotment given the fact that no 2024 Demolition Allotments remained available. The appeal is presently pending before the City Council; (the "Appeal"); and, WHEREAS, the Applicant has indicated that should its appeal be denied by the City Council, it intends to initiate litigation pursuant to C.R.C.P. 106(a)(4); and, WI�REAS, the Parties have reached an agreement to settle their disputes and desire to reduce the terms and conditions of their agreement to writing for consideration by City Council, and, WI�REAS, the intent of this Agreement is to amicably and finally resolve all claims the Parties may have against each other in accordance with the terms of this Agreement; and, VVI�REAS, the Aspen City Council finds that this Agreement furthers and is necessary for the promotion of public health, safety, and welfare; and, is in the best interest of the City, the Applicant and the Community as a whole. AGREEMENT NOW, THEREFORE, in consideration of the foregoing recitals and of the conditions, covenants and agreements set forth below, the Parties agree as follows: 1. Appeal Requirements. The appeal was filed pursuant to Section 26.470.160 C., of the Land Use Code, which states as follows: Insufficient development allotments. Any property owner within the City who is prevented from developing a property because that year's development allotments have been entirely allocated may appeal to the City Council for development approval. An application requesting allotments must first be denied due to lack of necessary allotments. The appeal procedures set forth at Chapter 26.316 shall apply. The City Council may take any such action determined necessary, including but not limited to making a one-time increase of the annual development allotment sufficient to accommodate the application. As noted therein, the appeal procedures set forth in Chapter 26.316 shall apply. That Chapter states in Section 26.316.030 (f), as follows: Action by the decision -making body hearing the appeal. The decision - making body hearing the appeal may reverse, affirm or modify the ON 1318956. 110/23l14 DocuSign Envelope ID: C2FE8D33-D24C-487F-81 D7-56C7AAF8BC8F decision or determination appealed from and, if the decision is modified, shall be deemed to have all the powers of the officer, board or commission from whom the appeal is taken, including the power to impose reasonable conditions to be complied with by the appellant. The decision -making body may also elect to remand an appeal to the body that originally heard the matter for further proceedings consistent with that body's jurisdiction anif any, by the body hearing the appeal. The decision d directions given, shall be approved by written resolution. All appeals shall be public meetings. In addition, any project granted a Demolition Allotment must comply with the provisions of the Residential Demolition and Redevelopment Standards (Demolition Standards) adopted pursuant to Ordinance #13. Such Demolition Standards provide, among other requirements, that "[a]ll projects are required to source separate non -hazardous waste materials and divert a minimum of 35% by weight, from the landfill." 2. Resolution of Appeal. The City Council has the authority to resolve an appeal that has been submitted to it through hearing or agreement. In this instance, this Agreement is submitted as a proposed resolution of the appeal. By accepting the proposed Agreement, the City Council is not concluding that the Applicant has met its burdens of appeal set forth in Chapter 26.316. This proposed resolution is being accepted as a compromise to a disputed matter and is deemed in the best interest of the City of Aspen. 3. Grant of a Multi -Year Allotment. As noted in paragraph 1, above, Section 26.470.160 C., allows the City Council, as part of the resolution of the appeal to "take any such action determined necessary, ... sufficient to accommodate the application." Therefore, subject to conditions set forth herein, the City Council hereby grants to the Applicant a 2025 Demolition Allotment subject to all the terms and conditions set forth herein. 4. Disposition of Claims. In consideration of the City's issuance of a 2025 Demolition Allotment to Applicant, Applicant agrees that it will comply with all provisions of the Demolition Standards, as amended from time -to -time prior to submission of an application for issuance of a demolition permit. In addition, the Applicant agrees as follows: a. A deconstruction expert shall be hired by Applicant to evaluate the existing structure and identify all possible recoverable materials within the building on the Property and list specific marketplaces the materials can be delivered for salvage (the "Deconstruction Survey"). This must include interior fixtures (like built-in furniture, appliances), if any, along with the building materials. A report from the deconstruction expert shall be submitted to the City identifying the salvageable materials and the existing marketplace(s) for these materials to be donated or sold for reuse or recycling. The Deconstruction Survey shall include a good -faith estimate of the percentage, by weight, of the non -hazardous waste materials from 3 1318956.1 10/23/14 DocuSign Envelope ID: C2FE8D33-D24C-487F-81 D7-56C7AAF8BC8F the deconstruction of the structures) on the Property that the deconstruction expert believes can be diverted from Landfill Waste ("Diversion Percentage"). b. The Deconstruction Survey shall be submitted prior to issuance of the demolition permit. c. If demolition has not commenced within 365 days after issuance of the demolition permit, an updated deconstruction survey shall be submitted to and reviewed by the City prior to commencement of demolition. The parties agree this additional survey is needed because multiple years may pass between the submission of the initial survey and the actual commencement of demolition, and it is unknown if additional resource recovery markets will come online and increase the potential to divert additional building materials, or vice versa. d. The City Building Department shall be involved throughout the duration of demolition of the structure(s) on the Property. This will include plan reviews for diversion pre -demolition and site evaluations throughout the demolition process. A summary report of diversion post -demolition will be required and provided to the City Building Department. This obligation shall be accomplished by Applicant's participation in the Green Halo program. e. The Applicant will divert ail possible locally salvageable materials pursuant to subsection (a) and divert a minimum of 90% by weight of the non -hazardous waste material that the Deconstruction Survey estimates can be diverted from the landfill in accordance with Deconstruction Survey generated and submitted under subsections (a) and (b). For the sake of clarity, if the Deconstruction Survey estimates that 50% of the total weight of all non -hazardous waste material can be diverted, Applicant shall divert a minimum of 90% of such 50% (that is, 45%) of the overall weight of non -hazardous waste materials. The current code's 35% minimum diversion requirement shall be waived by the City, if the existing improvements on the property are less than 2100 square feet in total size and if the Deconstruction Survey submitted pursuant to subsection 4.b., above, certifies that 35% diversion cannot be reasonably obtained. So long as Applicant acts in good faith to comply with the Deconstruction Survey and exercises commercially reasonable practices to fulfill the obligations of this subsection, Applicant shall not be deemed to have breached this Agreement if it fails to meet its diversion obligation. 5. Release. All appeals of the Applicant shall be deemed withdrawn and any and all other claims raised by the Applicant in the appeal shall be dismissed by the Parties, with prejudice, with each Party to pay its own costs and fees. Further, it is acknowledged that this Agreement is a compromise of disputed claims and shall not be construed as an admission on the part of either Party of the validity, or lack thereof, regarding or concerning any claim or defense asserted by either Party in the appeal described above. In consideration for and upon full and timely completion of the provisions of this Agreement set forth above, the Parties for themselves and their successors, representatives, agents, heirs and assigns will completely release and forever discharge the other of and from any and all past, present or future claims, demands, n 1318956.1 10/23/14 DocuSign Envelope ID: C2FE8D33-D24C-487F-81D7-56C7AAF8BC8F obligations, actions and causes of action of any nature that were, or could have been brought in the appeal or subsequent litigation relating to this matter. However, such release shall not release Applicant from the requirements of any applicable City Codes required for development activities resulting from the receipt of the Demolition Allotment. 6. Covenant Not to Sue. Except to enforce the express obligations of the Parties under this Agreement, each Party covenants, as of the Effective Date, not to institute any action or proceeding against the other Party related to the matters released above, or to cause such Party to be joined or substituted as a party in any other lawsuit or proceeding, or at all arising out of or in connection with the released claims. 7. Further Assurances. Each Party to this Agreement shall execute and deliver any and all additional papers, documents, and other assurances, and shall do any and all acts and things reasonably necessary or appropriate in connection with the performance of his/her/its obligations hereunder and to carry out the intent of the Parties hereto, and to correct or modify in good faith any errors or omissions which shall subsequently be discovered following the Effective Date. Each Party to this Agreement agrees to cooperate to the extent necessary and appropriate to effectuate all terms and conditions of this Agreement following the Effective Date. 8. Authority. The Parties represent and warrant that they possess the sole and full authority to enter into this Agreement free of any rights of settlement, approval, subrogation, or other condition or impediment. Each Party represents and warrants that the entry of this Agreement or performance of any obligation called for hereunder does not violate any contractual or other obligation by which it is bound. However, the Parties acknowledge and agree that the execution of this Agreement by the City is specifically subject to the approval of this Agreement by the Aspen City Council as set forth in paragraph 12, below. 9. Approval by City Council. The Parties agree that the current appeal remains valid but stayed until this agreement is approved by the Aspen City Council by Resolution at a public meeting, which approval shall be at the sole and absolute discretion of City Council. If a Resolution of approval is not adopted on or before May 14, 2024, this agreement and all terms and conditions set forth herein shall be deemed void ab initio. In such event, the parties have agreed that the original appeal hearing shall be held before the City Council on date mutually agreed to by the Parties. 10. Runs With the Land; Recording. This Agreement shall be a benefit and a burden on the Property and shall run with the land. This Agreement may be recorded in the Pitkin County records by either Party. 11. Nonreliance. The Parties to this Agreement expressly assume the risks that the facts or law inay be, or become, different from the facts or law as presently believed by the Parties. The Parties represent that they have had the opportunity to consult with, and/or have consulted with, counsel regarding this Agreement. 12. Entire Agreement. The Parties represent and agree that no promise, inducement, or agreement other than that expressed herein has been made to them and that this Agreement is 1318956.1 10/23/14 DocuSign Envelope ID: C2FE8D33-D24C-487F-81D7-56C7AAF8BC8F fully integrated, supersedes all prior agreements, understandings, statements or representations and contains the entire agreement between them with respect to the subject matter hereof. 13. Voluntary and Informed Assent. The Parties represent and agree that they have read and fully understand this Agreement, that they are fully competent to manage their own personal and business affairs and to enter into and sign this Agreement, and that they are executing this Agreement voluntarily, free of any duress or coercion. 14. Governing Law, Forum and Attorneys' Fees. The laws of the State of Colorado shall apply to and control any interpretation, construction, performance or enforcement of this Agreement. Any action or proceeding to construe or enforce this Agreement, or to recover damages for its breach, shall be brought in the District Court for Pitkin County, Colorado and the Parties consent to the exercise of that Court's jurisdiction over them. In the event any litigation or other proceeding is brought for the enforcement of this Agreement or because of an alleged dispute, default, misrepresentation, or breach in connection with any of the provisions of this Agreement, the prevailing Party shall be entitled to recover reasonable attorneys' fees, expert witness fees, costs and expenses actually incurred in initiating or responding to such proceeding, in addition to any other relief to which such Party may be entitled. 15. Construction. This Agreement and its exhibits shall be construed as if the Parties jointly prepared them, and any uncertainty or ambiguity shall not be interpreted against any one party. 16. Modification. This Agreement shall not be modified except in writing signed by the Parties or their authorized representatives. 17. Severability. The Parties agree that if, for any reason, a provision of this Agreement shall be held unenforceable by any court of competent jurisdiction this Agreement shall be automatically conformed to the law or determination and otherwise this Agreement shall continue in full force and effect. 18. Headings. The headings of paragraphs herein are included solely for convenience of reference and shall not control the meaning or interpretation of any of the provisions of this Agreement. 19. Counterparts. This Agreement may be executed in several counterparts and all counterparts so executed shall constitute one agreement binding on all parties hereto, notwithstanding that all the parties are not signatories to the original or the same counterpart. Facsimile or electronic signatures shall be accepted the same as an original signature. A photocopy of this agreement may be used in any action brought to enforce or construe this Agreement. 20. No Waiver. No failure to exercise and no delay in exercising any right, power or remedy under this Agreement shall impair any right, power or remedy which any Party may have, nor shall any such delay be construed to be a waiver of any such rights, powers or remedies or an acquiescence in any breach or default under the Agreement, nor shall any waiver of any breach or default of any Party be deemed a waiver of any default or breach subsequently appearing. G'! 1318956.1 10/23/14 DocuSign Envelope ID: C2FE8D33-D24C-487F-81 D7-56C7AAF8BC8F THE CITY OF ASPEN, a Colorado municipal corporation DocuSigned by: Lt6��J B 1119�dFF19� Sara Ott City Manager Date: ]une 129 2024 THE ��,�eR� MEBEL REVOCABLE LIVING TRUST flq=38310147E 2EGt)2i AUIEIEEL June S, 2024 y• Date. Gregory Mebel, Trustee THE ESTATE OF RON IBARA, DECEASED DocuSigned by: E6shers ye 7DA1 F2807AB6427.10 Date Luke Kosters, Personal Representative a. 7 Tune 10, Z024 1318956.1 10/23/14 DocuSign Envelope ID: 38FODA5C-2B51-4945-AFA5-532E630DA364 Exhibit D SETTLEMENT AGREEMENT This Settlement Agreement (the "Agreement") is entered into this 14th day of May 2024 (the "Effective Date") by and between the City of Aspen, a Colorado municipal corporation ("City") and the Christine Anne Lee Pope Revocable Trust ("Applicant"). The above -named entities and individuals may hereafter be collectively referred to as the "Parties", and each entity or individual may be separately referred to as a "Party". RECITALS WFIEREAS, Applicant is the owner of the real property legally described as: LOTS K, L AND M, BLOCK 26, CITY AND TOWNSITE OF ASPEN, COUNTY OF PITKIN, STATE OF COLORADO commonly known as 540 West Smuggler Street, Aspen, Colorado 81611 (the "Property"); and WIJEREAS, on June 28, 2022, Aspen City Council adopted Ordinance No. 13, Series of 2022 (Ordinance #13). Ordinance #13 provided numerous code amendments following the institution of a moratorium adopted by Council on March 15, 2022, pursuant to Ordinance #6, Series of 2022. Among the items adopted pursuant to Ordinance #13 was a restriction on the number of "Demolition Allotments" that would be issued each year; and, WHEREAS, Ordinance # 13 included Growth Management Quota System amendments that provide a cap of six (6) standard Demolition Allotments per year, and stated that such allotments would be granted on a first come/first served basis. Pursuant to previous action by City Council, four of the six available 2024 Demolition Allotments had been issued in 2023; and, WHEREAS, pursuant to Ordinance No. 23, Series of 2024 (Ordinance #23), a lottery system was adopted by City Council to distribute Demolition Allotments. In addition, Ordinance #23 created two additional Demolition Allotments for 2024, thus allowing four Demolition Allotments to be distributed by lottery. On January 2, 2024, Applicant submitted an application seeking a 2024 Demolition Allotment for the Property. The application was deemed complete, and Applicant participated in the lottery; and, WHEREAS, a lottery was held on February 20, 2024, and pursuant to such lottery, four properties, not including the Property, were deemed eligible for 2024 Demolition Allotments; and, WHEREAS, since Applicant was not deemed eligible fora 2024 Demolition Allotment, following the lottery, it was issued a letter of denial; and, WHEREAS, pursuant to Section 26.470.160 C. and Chapter 26.316 of the City's Land Use Code, the Applicant timely filed a notice of appeal of the denial of Applicant's application for a 2024 Demolition Allotment. The appeal asserted several claims challenging the denial of a 2024 Demolition Allotment to the Applicant. In addition, pursuant to Section 26.470.160 C., applicant requested the issuance of a Demolition Allotment given the fact that no 2024 3011519.1 DocuSign Envelope ID: 38FODA5C-2B51-4945-AFA5-532E630DA364 Demolition Allotments remained available. The appeal is presently pending before the City Council; (the "Appeal"); and, WIIEREAS, the Applicant has indicated that should its appeal be denied by the City Council, it intends to initiate litigation pursuant to C.R.C.P. 106(a)(4); and, WHEREAS, the Parties have reached an agreement to settle their disputes and desire to reduce the terms and conditions of their agreement to writing for consideration by City Council, and, WHEREAS, the intent of this Agreement is to amicably and finally resolve all claims the Parties may have against each other in accordance with the terms of this Agreement; and, WHEREAS, the Aspen City Council finds that this Agreement furthers and is necessary for the promotion of public health, safety, and welfare; and, is in the best interest of the City, the Applicant and the Community as a whole. AGREEMENT NOW, THEREFORE, in consideration of the foregoing recitals and of the conditions, covenants and agreements set forth below, the Parties agree as follows: 1. Appeal Requirements. The appeal was filed pursuant to Section 26.470.160 C., of the Land Use Code, which states as follows: Insufficient development allotments. Any property owner within the City who is prevented from developing a property because that year's development allotments have been entirely allocated may appeal to the City Council for development approval. An application requesting allotments must first be denied due to lack of necessary allotments. The appeal procedures set forth at Chapter 26.316 shall apply. The City Council may take any such action determined necessary, including but not limited to making aone-time increase of the annual development allotment sufficient to accommodate the application. As noted therein, the appeal procedures set forth in Chapter 26.316 shall apply. That Chapter states in Section 26.316.030 (f), as follows: Action by the decision -making body hearing the appeal. The decision- malcing body hearing the appeal may reverse, affirm or modify the decision or determination appealed from and, if the decision is modified, shall be deemed to have all the powers of the officer, board or commission from whom the appeal is taken, including the power to impose reasonable conditions to be complied with by the appellant. The decision -making body may also elect to remand an appeal to the body that originally heard the matter for further proceedings consistent with that body's jurisdiction if any, by the body hearing the appeal. The decision and directions given, 2 3011519.1 DocuSign Envelope ID: 38FODA5C-2B51-4945-AFA5-532E630DA364 shall be approved by written resolution. All appeals shall be public meetings. In addition, any project granted a Demolition Allotment must comply with the provisions of the Residential Demolition and Redevelopment Standards (Demolition Standards) adopted pursuant to Ordinance #13. Such Demolition Standards provide, among other requirements, that "[a]ll projects are required to source separate non -hazardous waste materials and divert a minimum of 35% by weight, from the landfill." 2. Resolution of Appeal. The City Council has the authority to resolve an appeal that has been submitted to it through hearing or agreement. In this instance, this Agreement is submitted as a proposed resolution of the appeal. By accepting the proposed Agreement, the City Council is not concluding that the Applicant has met its burdens of appeal set forth in Chapter 26.316. This proposed resolution is being accepted as a compromise to a disputed matter and is deemed in the best interest of the City of Aspen. 3. Grant of a Multi -Year Allotment. As noted in paragraph 1, above, Section 26.470.160 C., allows the City Council, as part of the resolution of the appeal to "take any such action determined necessary, ... sufficient to accommodate the application." Therefore, subject to conditions set forth herein, the City Council hereby grants to the Applicant a 2025 Demolition Allotment subject to all the terms and conditions set forth herein. 4. Disposition of Claims. In consideration of the City's issuance of a 2025 Demolition Allotment to Applicant, Applicant agrees that it will comply with all provisions of the Demolition Standards, as amended from time -to -time prior to submission of an application for issuance of a demolition permit. In addition, the Applicant agrees as follows: a. A deconstruction expert shall be hired by Applicant to evaluate the existing structure and identify all possible recoverable materials within the building on the Property and list specific marketplaces the materials can be delivered for salvage (the "Deconstruction Survey"). This must include interior fixtures (like built-in furniture, appliances), if any, along with the building materials. A report from the deconstruction expert shall be submitted to the City identifying the salvageable materials and the existing marketplace(s) for these materials to be donated or sold for reuse or recycling. The Deconstruction Survey shall include a good -faith estimate of the percentage, by weight, of the non -hazardous waste materials from the deconstruction of the structure(s) on the Property that the deconstruction expert believes can be diverted from Landfill Waste ("Diversion Percentage"). b. The Deconstruction Survey shall be submitted prior to issuance of the demolition permit. c. If demolition has not commenced within 365 days after issuance of the demolition permit, an updated deconstruction survey shall be submitted to and reviewed by the City prior to commencement of demolition. The parties agree this additional survey is needed because multiple years may pass between the submission of the initial survey and the actual commencement of demolition, and it is unknown if 3 3011519.1 DocuSign Envelope ID: 38FODA5C-2B51-4945-AFA5-532E630DA364 additional resource recovery markets will come online and increase the potential to divert additional building materials, or vice versa. d. The City Building Department shall be involved throughout the duration of demolition of the structure(s) on the Property. This will include plan reviews for diversion pre -demolition and site evaluations throughout the demolition process. A summary report of diversion post -demolition will be required and provided to the City Building Department. This obligation shall be accomplished by Applicant's participation in the Green Halo program. e. The Applicant will divert all possible locally salvageable materials pursuant to subsection (a) and divert a minimum of 90% by weight of the non -hazardous waste material that the Deconstruction Survey estimates can be diverted from the landfill in accordance with Deconstruction Survey generated and submitted under subsections (a) and (b). For the sake of clarity, if the Deconstruction Survey estimates that 50% of the total weight of all non -hazardous waste material can be diverted, Applicant shall divert a minimum of 90% of such 50% (that is, 45%) of the overall weight of non -hazardous waste materials. The current code's 35% minimum diversion requirement shall be waived by the City, if the existing improvements on the property are less than 1500 square feet in total size and if the Deconstruction Survey submitted pursuant to subsection 4.b., above, certifies that 35% diversion cannot be reasonably obtained. So long as Applicant acts in good faith to comply with the Deconstruction Survey and exercises commercially reasonable practices to fulfill the obligations of this subsection, Applicant shall not be deemed to have breached this Agreement if it fails to meet its diversion obligation. 5. Release. All appeals of the Applicant shall be deemed withdrawn and any and all other claims raised by the Applicant in the appeal shall be dismissed by the Parties, with prejudice, with each Party to pay its own costs and fees. Further, it is acknowledged that this Agreement is a compromise of disputed claims and shall not be construed as an admission on the part of either Party of the validity, or lack thereof, regarding or concerning any claim or defense asserted by either Party in the appeal described above. In consideration for and upon full and timely completion of the provisions of this Agreement set forth above, the Parties for themselves and their successors, representatives, agents, heirs and assigns will completely release and forever discharge the other of and from any and all past, present or future claims, demands, obligations, actions and causes of action of any nature that were, or could have been brought in the appeal or subsequent litigation relating to this matter. However, such release shall not release Applicant from the requirements of any applicable City Codes required for development activities resulting from the receipt of the Demolition Allotment. 6. Covenant Not to Sue. Except to enforce the express obligations of the Parties under this Agreement, each Party covenants, as of the Effective Date, not to institute any action or proceeding against the other Party related to the matters released above, or to cause such Party to be joined or substituted as a party in any other lawsuit or proceeding, or at all arising out of or in connection with the released claims. 3011519.1 DocuSign Envelope ID: 38FODA5C-2B51-4945-AFA5-532E630DA364 7. Further Assurances, Each Party to this Agreement shall execute and deliver any and all additional papers, documents, and other assurances, and shall do any and all acts and things reasonably necessary or appropriate in connection with the performance of his/her/its obligations hereunder and to carry out the intent of the Parties hereto, and to correct or modify in good faith any errors or omissions which shall subsequently be discovered following the Effective Date. Each Party to this Agreement agrees to cooperate to the extent necessary and appropriate to effectuate all terms and conditions of this Agreement following the Effective Date. 8. Authority. The Parties represent and warrant that they possess the sole and full authority to enter into this Agreement free of any rights of settlement, approval, subrogation, or other condition or impediment. Each Party represents and warrants that the entry of this Agreement or performance of any obligation called for hereunder does not violate any contractual or other obligation by which it is bound. However, the Parties acknowledge and agree that the execution of this Agreement by the City is specifically subject to the approval of this Agreement by the Aspen City Council as set forth in paragraph 12, below. 9. Approval by City Council. The Parties agree that the current appeal remains valid but stayed until this agreement is approved by the Aspen City Council by Resolution at a public meeting, which approval shall be at the sole and absolute discretion of City Council. If a Resolution of approval is not adopted on or before May 14, 2024, this agreement and all terms and conditions set forth herein shall be deemed void ab 14nitio. In such event, the parties have agreed that the original appeal hearing shall be held before the City Council on date mutually agreed to by the Parties. 10. Runs With the Land; Recordin;;. This Agreement shall be a benefit and a burden on the Property and shall run with the land. This Agreement may be recorded in the Pitkin County records by either Party. 11. Nonreliance. The Parties to this Agreement expressly assume the risks that the facts or law may be, or become, different from the facts or law as presently believed by the Parties. The Parties represent that they have had the opportunity to consult with, and/or have consulted with, counsel regarding this Agreement. 12. Entire A;reement. The Parties represent and agree that no promise, inducement, or agreement other than that expressed herein has been made to them and that this Agreement is fully integrated, supersedes all prior agreements, understandings, statements or representations and contains the entire agreement between them with respect to the subject matter hereof. 13. Voluntary and Informed Assent. The Parties represent and agree that they have read and fully understand this Agreement, that they are fully competent to manage their own personal and business affairs and to enter into and sign this Agreement, and that they are executing this Agreement voluntarily, free of any duress or coercion. 14. Governing Law, Forum and Attorneys' Fees. The laws of the State of Colorado shall apply to and control any interpretation, construction, performance or enforcement of this Agreement. Any action or proceeding to construe or enforce this Agreement, or to recover damages for its breach, shall be brought in the District Court for Pitkin County, Colorado and the 3011519.1 DocuSign Envelope ID: 38FODA5C-2B51-4945-AFA5-532E630DA364 Parties consent to the exercise of that Court 's jurisdiction over them. In the event any litigation or other proceeding is brought for the enforcement of this Agreement or because of an alleged dispute, default, misrepresentation, or breach in connection with any of the provisions of this Agreement, the prevailing Party shall be entitled to recover reasonable attorneys' fees, expert witness fees, costs and expenses actually incurred in initiating or responding to such proceeding, in addition to any other relief to which such Party may be entitled. 15. Construction. This Agreement and its exhibits shall be construed as if the Parties jointly prepared them, and any uncertainty or ambiguity shall not be interpreted against any one party. 16. Modification. This Agreement shall not be modified except in writing signed by the Parties or their authorized representatives. 17. Severability. The Parties agree that if, for any reason, a provision of this Agreement shall be held unenforceable by any court of competent jurisdiction this Agreement shall be automatically conformed to the law or determination and otherwise this Agreement shall continue in full force and effect. 18. Headings. The headings of paragraphs herein are included solely for convenience of reference and shall not control the meaning or interpretation of any of the provisions of this Agreement. 19. Counterparts. This Agreement may be executed in several counterparts and all counterparts so executed shall constitute one agreement binding on all parties hereto, notwithstanding that all the parties are not signatories to the original or the same counterpart. Facsimile or electronic signatures shall be accepted the same as an original signature. A photocopy of this agreement may be used in any action brought to enforce or construe this Agreement. 20. No Waiver. No failure to exercise and no delay in exercising any right, power or remedy under this Agreement shall impair any right, power or remedy which any Party may have, nor shall any such delay be construed to be a waiver of any such rights, powers or remedies or an acquiescence in any breach or default under the Agreement, nor shall any waiver of any breach or default of any Party be deemed a waiver of any default or breach subsequently aWearing, THE CITY OF ASPEN, a Colorado municipal corporation DocuSigned by: June 6, 2024 By: Spa Date: Sara Ott City Manager C 3011519.1 DocuSign Envelope ID: 38FODA5C-2B51-4945-AFA5-532E630DA364 Christine Anne Lee Pope Revocable Trust Docuftned by: ne�T�ope Trustee 7 ]une 4, 2024 Date: 3011519.1 DocuSign Envelope ID: C3FE682E-8D1149EMA02-13AB980BD24B5 Exhibit C SETTLEMENT AGREEMENT This Settlement Agreement (the "Agreement") is entered into this 14th day of May 2024 the "Effective Date") by and between the City of Aspen, a Colorado municipal corporation ("City") and 981 King Street LLC, a Colorado limited liability company ("Applicant"). The above -named entities and individuals may hereafter be collectively referred to as the "Parties and each entity or individual may be separately referred to as a "Party". WHEREAS, Applicant is the owner of the real property legally described as: LUT 4, ASTOR SUBDIVISION, AC:CORDING TO THE FIRST AMENDED PLAT THEREOF RECORDED JUNE 28, 1994 IN PLAT BOOK 34 AT PAGE 86. COUNTY OF PITKIN, STATE OF COLORADO. commonly known as 981 King Street, Aspen, Colorado 81611 (the "Property"); and WHEREAS, on June 28, 2022, Aspen City Council adopted Ordinance No. 13, Series of 2022 (Ordinance #13). Ordinance #13 provided numerous code amendments following the institution of a moratorium adopted by Council on March 15, 2022, pursuant to Ordinance #6, Series of 2022. Among the items adopted pursuant to Ordinance # 13 was a restriction on the number of "Demolition Allotments" that would be issued each years and, WHEREAS, Ordinance # 13 included Growth Management Quota System amendments that provide a cap of six (6) standard Demolition Allotments per year, and stated that such allotments would be granted on a first come/first served basis. Pursuant to previous action by City Council, four of the six available 2024 Demolition Allotments had been issued in 20230 and, WHEREAS, pursuant to Ordinance No. 23, Series of 2024 (Ordinance #23), a lottery system was adopted by City Council to distribute Demolition Allotments. In addition, Ordinance #23 created two additional Demolition Allotments for 2024, thus allowing four Demolition Allotments to be distributed by lottery. On January 2, 2024, Applicant submitted an application seeking a 2024 Demolition Allotment for the Property. The application was deemed complete, and Applicant participated in the lottery; and, WHEREAS, a lottery was held on February 20, 2024, and pursuant to such lottery, four properties, not including the Property, were deemed eligible for 2024 Demolition Allotments; and, WHEREAS, since Applicant was not deemed eligible fora 2024 Demolition Allotment, following the lottery, it was issued a letter of denial; and, WHEREAS, pursuant to Section 26.470.160 C. and Chapter 26.316 of the City's Land Use Code, the Applicant timely .filed a notice of appeal of the denial of Applicant's .application for a 2024 Demolition Allotment. The appeal asserted several claims challenging the denial of a 2024 Demolition Allotment to the Applicant. In addition, pursuant to Section 26.470,160 C., 3011506.1 DocuSign Envelope ID: C3FE682&8D11-49ED-9A02-13AB980BD24135 applicant requested the issuance of a Demolition Allotment given the fact that no 2024 Demolition Allotments remained available. The appeal is presently pending before the City Council; (the "Appeal")3 and, WHEREAS, the Applicant has indicated that should its appeal be denied by the City Council, it intends to initiate litigation pursuant to C.R.C.P. 106(a)(4); and, WHEREAS, the Parties have reached an agreement to settle their disputes and desire to reduce the terms and conditions of their agreement to writing for consideration by City Council; and, WHEREAS, the intent of this Agreement is to amicably and finally resolve all claims the Parties may have against each other in accordance with the terms of this Agreement$ and, WHEREAS, the Aspen City Council finds that this Agreement furthers and is necessary for the promotion of public health, safety, and welfare; and, is in the best interest of the City, the Applicant and the Community as a whole. 1 �1�W, THEREF®RE, in consideration of the foregoing recitals and of the conditions, covenants and agreements set forth below, the Parties agree as follows. 1. Appeal Requirements. The appeal was filed pursuant to Section 26.470.160 C., of the Land Use Code, which states as follows: Insufficient development allotments. Any property owner within the City who is prevented from developing a property because that year's development allotments have been entirely allocated may appeal to the City Council for development approval. An application requesting allotments must first be denied due to lack of necessary allotments. The appeal procedures set forth at Chapter 26.316 shall apply. The City Council may take any such action determined necessary, including but not limited to making a one-time increase of the annual development allotment sufficient to accommodate the application. As noted therein, the appeal procedures set forth in Chapter 26.316 shall apply. That Chapter states in Section 26.316.030 (f), as follows: Action by the decision -making body hearing the appeal. The decision - making body hearing the appeal may reverse, affirm or modify the decision or determination appealed from and, if the decision is modified, shall be deemed to have all the powers of the officer, board or commission from whom the appeal is taken, including the power to impose reasonable conditions to be complied with by the appellant. The decision -malting body may also elect to remand an appeal to the body that originally heard the matter for further proceedings consistent with that body's jurisdiction given, if any, by the body hearing the appeal. The decision and directions g 2 3011506. I DocuSign Envelope ID: C3FE682E-8D11-49ED-9A02-BAB980BD24B5 shall be approved by written resolution. All appeals shall be public meetings. In addition, any project granted a Demolition Allotment must comply with the provisions of the Residential Demolition and Redevelopment Standards (Demolition Standards) adopted pursuant to Ordinance #13. Such Demolition Standards provide, among other requirements, that "[a]ll projects are required to source separate non -hazardous waste materials and divert a minimum of 35% by weight, from the landfill." 2. Resolution of Ap e9 0 The City Council has the authority to resolve an appeal that has been submitted to it through hearing or agreement. In this instance, this Agreement is submitted as a proposed resolution of the appeal. By accepting the proposed Agreement, the City Council is not concluding that the Applicant has met its burdens of appeal set forth in Chapter 26.316. This proposed resolution is being accepted as a compromise to a disputed matter and is deemed in the best interest of the City of Aspen. 3. Grant of a Multi -Year Allotment. As noted in paragraph 1, above, Section 2604700160 C., allows the City Council, as part of the resolution of the appeal to "take any such action determined necessary, ... sufficient to accommodate the application." Therefore, subject to conditions set forth herein, the City Council hereby grants to the Applicant a 2025 Demolition Allotment subject to all the teams and conditions set forth herein. 4. Disposition of Claims. In consideration of the City's issuance of an 2025 Demolition Allotment to Applicant, Applicant agrees that it will comply with all provisions of the Demolition Standards, as amended from time -to -time prior to submission of an application for issuance of a demolition permit. In addition, the Applicant agrees as follows: a. A deconstruction expert shall be hired by Applicant to evaluate the existing structure and identify all possible recoverable materials within Co building on the Property and list specific marketplaces the materials can be delivered for salvage (the "Deconstruction Survey"). This must include interior fixtures (like built-in furniture, appliances), if any, along with the building materials. A report from the deconstruction expert shall be submitted to the City identifying the salvageable materials and the existing marketplace(s) for these materials to be donated or sold for reuse or recycling. The Deconstruction Survey shall include a good -faith estimate of the percentage, by weight, of the non -hazardous waste materials from the deconstruction of the structure(s) on the Property that the deconstruction expert believes can be diverted from Landfill Waste ("Diversion Percentage"). b. The Deconstruction Survey shall be submitted prior to issuance of the demolition permit. c. If demolition has not commenced within 365 days after issuance of the demolition permit, an updated deconstruction survey shall be submitted to and reviewed by the City prior to commencement of demolition. The parties agree this additional survey is needed because multiple years may pass between the submission of the initial survey and the actual commencement of demolition, and it is unknown if 3011506.1 DocuSign Envelope ID: C3FE682E-8D1149EMA02-13AB980BD24B5 additional resource recovery markets will come online and increase the potential to divert additional building materials, or vice versa. d. The City Building Department shall be involved throughout the duration of demolition of the structure(s) on the Property. This will include plan reviews for diversion pre -demolition and site evaluations throughout the demolition process. A summary report of diversion post -demolition will be required and provided to the City Building Department. This obligation shall be accomplished by Applicant's participation in the Green Halo program. e. The Applicant will divert all possible locally salvageable materials pursuant to subsection (a) and divert a minimum of 90% by weight of the non -hazardous waste material that the Deconstruction Survey estimates can be diverted from the landfill in accordance with Deconstruction Survey generated and submitted under subsections (a) and (b). For the sake of clarity, if the Deconstruction Survey estimates that 50% of the total weight of all non -hazardous waste material can be diverted, Applicant shall divert a minimum of 90% of such 50% (that is, 45%) of the overall weight of non -hazardous waste materials. The current code's 35% minimum diversion requirement shall be waived by the City, if the existing improvements on the property are less than 1500 square feet in total size and if the Deconstruction Survey submitted pursuant to subsection 4.b., above, certifies that 35% diversion cannot be reasonably obtained. So long as Applicant acts in good faith to comply with the Deconstruction Survey and exercises commercially reasonable practices to fulfill the obligations of this subsection, Applicant shall not be deemed to have breached this Agreement if it fails to meet its diversion obligation. 5. Release. All appeals of the Applicant shall be deemed withdrawn and any and all other claims raised by the Applicant in the appeal shall be dismissed by the Parties, with prejudice, with each Party to pay its own costs and fees. Further, it is acknowledged that this Agreement is a compromise of disputed claims and shall not be construed as an admission on the part of either Party of the validity, or lack thereof, regarding or concerning any claim or defense asserted by either Party in the appeal described above. In consideration for and upon full and timely completion of the provisions of this Agreement set forth above, the Parties for themselves and their successors, representatives, agents, heirs and assigns will completely release and forever discharge the other of and from any and all past, present or future claims, demands, obligations, actions and causes of action of any nature that were, or could have been brought in the appeal or subsequent litigation relating to this matter. However, such release shall not release Applicant from the requirements of any applicable City Codes required for development activities resulting from the receipt of the Demolition Allotment. 6. Covenant Not to Sue. Except to enforce the express obligations of the Parties under this Agreement, each Party covenants, as of the Effective Date, not to institute any action or proceeding against the other Party related to the matters released above, or to cause such Party to be joined or substituted as a party in any other lawsuit or proceeding, or at all arising out of or in connection with the released claims. 0 3011506.1 DocuSign Envelope ID: C3FE682E-8D11-49EMA02-13AB980BD24135 7. Further Assurances, Each Party to this Agreement shall execute and deliver any and all additional papers, documents, and other assurances, and shall do any and all acts and things reasonably necessary or appropriate in connection with the performance of his/her/its obligations hereunder and to carry out the intent of the Parties hereto, and to correct or modify in good faith any errors or omissions which shall subsequently be discovered following the Effective Date. Each Party to this Agreement agrees to cooperate to the extent necessary and appropriate to effectuate all terms and conditions of this Agreement following the Effective Date. 8. Authority. The Parties represent and warrant that they possess the sole and full authority to enter into this Agreement free of any rights of settlement, approval, subrogation, or other condition or impediment. Each Party represents and warrants that the entry of this Agreement or performance of any obligation called for hereunder does not violate any contractual or other obligation by which it is bound. However, the Parties acknowledge and agree that the execution of this Agreement by the City is specifically subject to the approval of this Agreement by the Aspen City Council as set forth in paragraph 12, below. 9. Approval by City Council. The Parties agree that the current appeal remains valid but stayed until this agreement is approved by the Aspen City Council by Resolution at a public meeting, which approval shall be at the sole and absolute discretion of City Council. If a Resolution of approval is not adopted on or before May 14, 2024, this agreement and all terms and conditions set forth herein shall be deemed void ab initio. In such event, the parties have agreed that the original appeal hearing shall be held before the City Council on date mutually agreed to by the Parties. 10. Runs With the Land; Recordin;;. This Agreement shall be a benefit and a burden on the Property and shall run with the land. This Agreement may be recorded in the Pitkin County records by either Party. 11. Nonreliance. The Parties to this Agreement expressly assume the risks that the facts or law may be, or become, different from the facts or law as presently believed by the Parties. The Parties represent that they have had the opportunity to consult with, and/or have consulted with, counsel regarding this Agreement. 12. Entire Agreement. The Parties represent and agree that no promise, inducement, or agreement other than that expressed herein has been made to them and that this Agreement is frilly integrated, supersedes all prior agreements, understandings, statements or representations and contains the entire agreement between them with respect to the subject matter hereof. 13. Voluntary and Informed Assent. The Parties represent and agree that they have read arrd fully undersfiand this Agreement, that they are fully competent to manage their own personal and business affairs and to enter into and sign this Agreement, and that they are executing this Agreement voluntarily, free of any duress or coercion. 14. Governing Law, Forum and Attorne s�Fees. The laws of the State of Colorado shall apply to and control any interpretation, construction, performance or enforcement of this Agreement. Any action or proceeding to construe or enforce this Agreement, or to recover damages for its breach, shall be brought in the District Court for Pitkin County, Colorado and the 5 301 1506. I DocuSign Envelope ID: MFE682E-8D11-49ED-9A02-BAB980BD24H Parties consent to the exercise of that Courts jurisdiction over them. In Lite event any litigation or other proceeding is brought for the enforcement of this Agreement or because of an alleged dispute, default, misrepresentation, or breach in connection with any of the provisions of this Agreement, the prevailing Party shall be entitled to recover reasonable attorneys' fees, expert witness fees, costs and expenses actually incurred in initiating or responding to such proceeding, in addition to any other relief to which such Party may be entitled. 15. Construction. This Agreement and its exhibits shall be construed as if the Parties jointly prepared them, and any uncertainty or ambiguity shall not be interpreted against any one party. 16. Modification. This Agreement shall not be modified except in writing signed by the Parties or their authorized representatives. 17. Severability. The Parties agree that if, for any reason, a provision of this Agreement shall be held unenforceable by any court of competent jurisdiction this Agreement shall be automatically conformed to the law or determination and otherwise this Agreement shall continue in full force and effect. 18. Headin>;s. The headings of paragraphs herein are included solely for convenience of reference and shall not control the meaning or interpretation of any of the provisions of this Agreement. 19. Counterparts. This Agreement may be executed in several counterparts and all counterparts so executed shall constitute one agreement binding on all parties hereto, notwithstanding that all the parties are not signatories to the original or the same counterpart. Facsimile or electronic signatures shall be accepted the same as an original signature. A photocopy of this agreement may be used in any action brought to enforce or construe this Agreement. 20. No Waiver. No failure to exercise and no delay in exercising any right, power or remedy under this Agreement shall impair any right, power or remedy which any Party may have, nor shall any such delay be construed to be a waiver of any such rights, powers or remedies or an acquiescence in any breach or default under the Agreement, nor shall any waiver of any breach or default of any Party be deemed a waiver of any default or breach subsequently appearing. THE CITY OF ASPEN, a Colorado municipal corporation ned by: City Manager 981 King Street LLC G Date: Tune 6, 2024 3011506. I DocuSign Envelope ID: C3FE682&8D1149EMA02-BAB980BD2465 3011506.1 DocuSign Envelope ID: FD3145BF-860C-4B5E-8700-70FE21ADC8C5 Exhibit B SETTLEMENT AGREEMENT This Settlement Agreement (the "Agreement") is entered into this 14th day of May 2024 the "Effective Date") by and between the City of Aspen, a Colorado municipal corporation ("City") and Reed Stilwell and Claire Stilwell (collectively, "Applicant"). The above -named entities and individuals may hereafter be collectively referred to as the "Parties", and each entity or individual may be separately referred to as a "Party". RECITALS WHEREAS, Applicant is the owner of the real property legally described as: LOTS A, B AND C, BLOCK 43, CITY AND TOWNSITE OF ASPEN COUNTY OF PITh;IN STATE OF COLORADO commonly known as 327 West Hallam Street, Aspen, Colorado 81611 (the "Property"); and WHEREAS, on June 28, 2022, Aspen City Council adopted OrdinanceSeries of 2022 (Ordinance #13). Ordinance #13 provided numerous code amendments following the institution of a moratorium adopted by Council on March 15, 2022, pursuant to Ordinance #6, Series of 2022. Among the items adopted pursuant to Ordinance #13 was a restriction on the number of "Demolition Allotments" that would be issued each year; and, WHEREAS, Ordinance # 13 included Growth Management Quota System amendments that provide a cap of six (6) standard Demolition Allotments per year, and stated that such allotments would be granted on a first come/first served basis. Pursuant to previous action by City Council, four of the six available 2024 Demolition Allotments had been issued in 2023; and, WHEREAS, pursuant to Ordinance No. 23, Series of 2024 (Ordinance #23), a lottery system was adopted by City Council to distribute Demolition Allotments. In addition, Ordinance #23 created two additional Demolition Allotments for 2024, thus allowing four Demolition Allotments to be distributed by lottery. On January 2, 2024, Applicant submitted an application seeking a 2024 Demolition Allotment for the Property. The application was deemed complete, and Applicant participated in the lottery; and, WHEREAS, a lottery was held on February 20, 2024, and pursuant to such lottery, four properties, not including the Property, were deemed eligible for 2024 Demolition Allotments; and, WHEREAS, since Applicant was not deemed eligible fora 2024 Demolition Allotment, following the lottery, it was issued a letter of denial; and, WHEREAS, pursuant to Section 26.470.160 C. and Chapter 26.316 of the City's Land Use Code, the Applicant timely filed a notice of appeal of the denial of Applicant's application DocuSign Envelope ID: FD3145BF-860C-4B5E-8700-70FE21ADC8C5 for a 2024 Demolition Allotment. The appeal asserted several claims challenging the denial of a 2024 Demolition Allotment to the Applicant. In addition, pursuant to Section 26.470.160 C., applicant requested the issuance of a Demolition Allotment given the fact that no 2024 Demolition Allotments remained available. The appeal is presently pending before the City Council; (the "Appeal"); and, WHEREAS, the Applicant has indicated that should its appeal be denied by the City Council, it intends to initiate litigation pursuant to C.R.C.P. 106(a)(4); and, WHEREAS, the Parties have reached an agreement to settle their disputes and desire to reduce the terms and conditions of their agreement to writing for consideration by City Council, and, WHEREAS, the intent of this Agreement is to amicably and finally resolve all claims the Parties may have against each other in accordance with the terms of this Agreement; and, WHEREAS, the Aspen City Council finds that this Agreement furthers and is necessary for the promotion of public health, safety, and welfare; and, is in the best interest of the City, the Applicant and the Community as a whole. AGREEMENT NOW, THEREFORE, in consideration of the foregoing recitals and of the conditions, covenants and agreements set forth below, the Parties agree as follows: 1. Appeal Requirements. The appeal was filed pursuant to Section 26.470.160 C., of the Land Use Code, which states as follows: Insufficient development allotments. Any property owner within the City who is prevented from developing a property because that year's development allotments have been entirely allocated may appeal to the City Council for development approval. An application requesting allotments must first be denied due to lack of necessary allotments. The appeal procedures set forth at Chapter 26.316 shall apply. The City Council may take any such action determined necessary, including but not limited to making a one-time increase of the annual development allotment sufficient to accommodate the application. As noted therein, the appeal procedures set forth in Chapter 26.316 shall apply. That Chapter states in Section 26.316.030 (f), as follows: Action by the decision -making body hearing the appeal. The decision - making body hearing the appeal may reverse, affirm or modify the decision or determination appealed from and, if the decision is modified, shall be deemed to have all the powers of the officer, board or commission from whom the appeal is taken, including the power to impose reasonable conditions to be complied with by the appellant. The decision -making body may also elect to remand an appeal to the body that originally heard K1 DocuSign Envelope ID: FD3145BF-860C-4B5E-8700-70FE21ADC8C5 the matter for further proceedings consistent with that body's jurisdiction if any, by the body hearing the appeal. The decision and directions given, shall be approved by written resolution. All appeals shall be public meetings. In addition, any project granted a Demolition Allotment must comply with the provisions of the Residential Demolition and Redevelopment Standards (Demolition Standards) adopted pursuant to Ordinance #13. Such Demolition Standards provide, among other requirements, that "[a]ll projects are required to source separate non -hazardous waste materials and divert a minimum of 35% by weight, from the landfill." 2. Resolution of Appeal. The City Council has the authority to resolve an appeal that has been submitted to it through hearing or agreement. In this instance, this Agreement is submitted as a proposed resolution of the appeal. By accepting the proposed Agreement, the City Council is not concluding that the Applicant has met its burdens of appeal set forth in Chapter 26.316. This proposed resolution is being accepted as a compromise to a disputed matter and is deemed in the best interest of the City of Aspen. 3. Grant of a Multi -Year Allotment. As noted in paragraph 1, above, Section 26.470.160 C., allows the City Council, as part of the resolution of the appeal to "take any such action determined necessary, ... sufficient to accommodate the application." Therefore, subject to conditions set forth herein, the City Council hereby grants to the Applicant a 2025 Demolition Allotment subject to all the terms and conditions set forth herein. 4. Disposition of Claims. In consideration of the City's issuance of a 2025 Demolition Allotment to Applicant, Applicant agrees that it will comply with all provisions of the Demolition Standards, as amended from time -to -time prior to submission of an application for issuance of a demolition permit. In addition, the Applicant agrees as follows: a. A deconstruction expert shall be hired by Applicant to evaluate the existing structure and identify all possible recoverable materials within the building on the Property and list specific marketplaces the materials can be delivered for salvage (the "Deconstruction Survey"). This must include interior fixtures (like but furniture, appliances), if any, along with the building materials. A report from the deconstruction expert shall be submitted to the City identifying the salvageable materials and the existing marketplace(s) for these materials to be donated or sold for reuse or recycling. The Deconstruction Survey shall include a good -faith estimate of the percentage, by weight, of the non -hazardous waste materials from the deconstruction of the structure(s) on the Property that the deconstruction expert believes can be diverted from Landfill Waste ("Diversion Percentage"). b. The Deconstruction Survey shall be submitted prior to issuance of the demolition permit. c. If demolition has not commenced within 365 days after issuance of the demolition permit, an updated deconstruction survey shall be submitted to and reviewed by the City prior to commencement of demolition. The parties agree this additional 3 DocuSign Envelope ID: FD3145BF-860C-4B5E-8700-70FE21ADC8C5 survey is needed because multiple years may pass between the submission of the initial survey and the actual commencement of demolition, and it is unknown if additional resource recovery markets will come online and increase the potential to divert additional building materials, or vice versa. d. The City Building Department shall be involved throughout the duration of demolition of the structure(s) on the Property. This will include plan reviews for diversion pre -demolition and site evaluations throughout the demolition process. A summary report of diversion post -demolition will be required and provided to the City Building Department. This obligation shall be accomplished by Applicant's participation in the Green Halo program. e. The Applicant will divert all possible locally salvageable materials pursuant to subsection (a) and divert a minimum of 90% by weight of the non -hazardous waste material that the Deconstruction Survey estimates can be diverted from the landfill in accordance with Deconstruction Survey generated and submitted under subsections (a) and (b). For the sake of clarity, if the Deconstruction Survey estimates that 50% of the total weight of all non -hazardous waste material can be diverted, Applicant shall divert a minimum of 90% of such 50% (that is, 45%) of the overall weight of non -hazardous waste materials. The current code's 35% minimum diversion requirement shall be waived by the City, if the existing improvements on the property are less than 1500 square feet in total size and if the Deconstruction Survey submitted pursuant to subsection 4.b., above, certifies that 35% diversion cannot be reasonably obtained. So long as Applicant acts in good faith to comply with the Deconstruction Survey and exercises commercially reasonable practices to fulfill the obligations of this subsection, Applicant shall not be deemed to have breached this Agreement if it fails to meet its diversion obligation. 5. Release. All appeals of the Applicant shall be deemed withdrawn and any and all other claims raised by the Applicant in the appeal shall be dismissed by the Parties, with prejudice, with each Party to pay its own costs and fees. Further, it is acknowledged that this Agreement is a compromise of disputed claims and shall not be construed as an admission on the part of either Party of the validity, or lack thereof, regarding or concerning any claim or defense asserted by either Party in the appeal described above. In consideration for and upon full and timely completion of the provisions of this Agreement set forth above, the Parties for themselves and their successors, representatives, agents, heirs and assigns will completely release and forever discharge the other of and from any and all past, present or future claims, demands, obligations, actions and causes of action of any nature that were, or could have been brought in the appeal or subsequent litigation relating to this matter. However, such release shall not release Applicant from the requirements of any applicable City Codes required for development activities resulting from the receipt of the Demolition Allotment, 6. Covenant Not to Sue. Except to enforce the express obligations of the Parties under this Agreement, each Party covenants, as of the Effective Date, not to institute any action or proceeding against the other Party related to the matters released above, or to cause such Party 0 DocuSign Envelope ID: FD3145BF-860C-4B5E-8700-70FE21ADC8C5 to be joined or substituted as a party in any other lawsuit or proceeding, or at all arising out of or in connection with the released claims. 7. Further Assurances. Each Party to this Agreement shall execute and deliver any and all additional papers, documents, and other assurances, and shall do any and all acts and things reasonably necessary or appropriate in connection with the performance of his/her/its obligations hereunder and to carry out the intent of the Parties hereto, and to correct or modify in good faith any errors or omissions which shall subsequently be discovered following the Effective Date. Each Party to this Agreement agrees to cooperate to the extent necessary and appropriate to effectuate all terms and conditions of this Agreement following the Effective Date. 8. Authority. The Parties represent and warrant that they possess the sole and full authority to enter into this Agreement free of any rights of settlement, approval, subrogation, or other condition or impediment. Each Party represents and warrants that the entry of this Agreement or performance of any obligation called for hereunder does not violate any contractual or other obligation by which it is bound. However, the Parties acknowledge and agree that the execution of this Agreement by the City is specifically subject to the approval of this Agreement by the Aspen City Council as set forth in paragraph 12, below. 9. Approval by City Council. The Parties agree that the current appeal remains valid but stayed until this agreement is approved by the Aspen City Council by Resolution at a public meeting, which approval shall be at the sole and absolute discretion of City Council. If a Resolution of approval is not adopted on or before May 14, 2024, this agreement and all terms and conditions set forth herein shall be deemed void ab initio. In such event, the parties have agreed that the original appeal hearing shall be held before the City Council on date mutually agreed to by the Parties. 10. Runs With the Land; Recording. This Agreement shall be a benefit and a burden oIt the Property and shall run with the land. This Agreement may be recorded in the Pitkin County records by either Party. 11. Nonreliance. The Parties to this Agreement expressly assume the risks that the facts or law may be, or become, different from the facts or law as presently believed by the Parties. The Parties represent that they have had the opportunity to consult with, and/or have consulted with, counsel regarding this Agreement. 12. Entire Agreement. The Parties represent and agree that no promise, inducement, or agreement other than that expressed herein has been made to them and that this Agreement is fully integrated, supersedes all prior agreements, understandings, statements or representations and contains the entire agreement between them with respect to the subject matter hereof. 13. Voluntary and Informed Assent. The Parties represent and agree, that they have read and fully understand this Agreement, that they are fully competent to manage their own personal and business affairs and to enter into and sign this Agreement, and that they are executing this Agreement voluntarily, free of any duress or coercion. 14. Governing Law, Forum and Attorneys' Fees. The laws of the State of Colorado shall apply to and control any interpretation, construction, performance or enforcement of this 5 DocuSign Envelope ID: FD3145BF-860C-4B5E-8700-70FE21ADC8C5 Agreement. Any action or proceeding to construe or enforce this Agreement, or to recover damages for its breach, shall be brought in the District Court for Pitkin County, Colorado and the Parties consent to the exercise of that Court's jurisdiction over them. In the event any litigation or other proceeding is brought for the enforcement of this Agreement or because of an alleged dispute, default, misrepresentation, or breach in connection with any of the provisions of this Agreement, the prevailing Party shall be entitled to recover reasonable attorneys' fees, expert witness fees, costs and expenses actually incurred in initiating or responding to such proceeding, in addition to any other relief to which such Party may be entitled. 15. Construction. This Agreement and its exhibits shall be construed as if the Parties jointly prepared them, and any uncertainty or ambiguity shall not be interpreted against any one party. 16. Modification. This Agreement shall not be modified except in writing signed by the Parties or their authorized representatives. 17. Severability. The Parties agree that if, for any reason, a provision of this Agreement shall be held unenforceable by any court of competent jurisdiction this Agreement shall be automatically conformed to the law or determination and otherwise this Agreement shall continue in full force and effect. 18. Headin;;s. The headings of paragraphs herein are included solely for convenience oI reference and shall not control the meaning or interpretation of any of the provisions of this Agreement. 19. Counterparts. This Agreement may be executed in several counterparts and all counterparts so executed shall constitute one agreement binding on all parties hereto, notwithstanding that all the parties are not signatories to the original or the same counterpart. Facsimile or electronic signatures shall be accepted the same as an original signature. A photocopy of this agreement may be used in any action brought to enforce or construe this Agreement. 20. No Waiver. No failure to exercise and no delay in exercising any right, power or remedy under this Agreement shall impair any right, power or remedy which any Party may have, nor shall any such delay be construed to be a waiver of any such rights, powers or remedies or an acquiescence in any breach or default under the Agreement, nor shall any waiver of any breach or default of any Party be deemed a waiver of any default or breach subsequently aWearing, THE CITY OF ASPEN, a Colorado municipal corporation DocuSigned by: Sava B V : 2DA4D214€E1942B... Sara Ott City Manager 0 Date: Tune 6, 2024 DocuSign Envelope ID: FD3145BF-860C-4B5E-8700-70FE21ADC8C5 DocuSigned Jr REED STILWELL c66876701422402 Date. Reed Stilwell DocuSigned by: CLAIRE STILWELL Claire Stilwell 7 Date: dune 4, 2024 Tune 4, 2024 DocuSign Envelope ID: 996F1 FAF-E55E-495A-B3F3-OF886D376FA9 SETTLEMENT AGREEMENT This Settlement Agreement (the "Agreement") is entered into this 14th day of May 2024 the "Effective Date") by and between the City of Aspen, a Colorado municipal corporation ("City") and Lake House Aspen LLC, a Colorado limited liability company ("Applicant"). The above -named entities and individuals may hereafter be collectively referred to as the "Parties", ividual may be separately referred to as a "Party and each entity or ind". RECITALS WHEREAS, Applicant is the owner of the real property legally described as: LOT A, MOORES LOT SPLIT ACCORDING TO THE PLAT THEREOF RECORDED FEBRUARY 109 1995 IN PLAT BOOK 35 AT PAGE 99 AND AMENDED MOORES LOT SPLIT RECORDED APRIL 25, 1996 IN PLAT BOOK 39 AT PAGE 58 AND AMENDED MOORES LOT SPLIT -II RECORDED DUNE 65 1996 IN PLAT BOOK 39 AT PAGE 87. COUNTY OF PITKIN STATE OF COLORADO commonly known as 400 Lake Avenue, Aspen, Colorado 81611 (the "Property"); and WHEREAS, on June 28, 2022, Aspen City Council adopted OrdinanceSeries of 2022 (Ordinance # 13). Ordinance 11.13 provided numerous code amendments following the institution of a moratorium adopted by Council on March 15, 2022, pursuant to Ordinance #6, Series of 2022. Among the items adopted pursuant to Ordinance #13 was a restriction on the number of "Demolition Allotments" that would be issued each years and, WHEREAS, Ordinance #13 included Growth Management Quota System amendments that provide a cap of six (6) standard Demolition Allotments per year, and stated that such allotments would be granted on a first come/first served basis. Pursuant to previous action by City Council, four of the six available 2024 Demolition Allotments had been issued in 2023 0 and, WHEREAS, pursuant to Ordinance No. 23, Series of 2024 (Ordinance #23), a lottery system was adopted by City Council to distribute Demolition Allotments. In addition, Ordinance #23 created two additional Demolition Allotments for 2024, thus allowing four Demolition Allotments to be distributed by lottery. On January 2, 2024, Applicant submitted an application seeking a 2024 Demolition Allotment for the Property. The application was deemed complete, and Applicant participated in the lottery; and, WHEREAS, a lottery was held on February 20, 2024, and pursuant to such lottery, four properties, not including the Property, were deemed eligible for 2024 Demolition Allotments; and, 3011493.1 DocuSign Envelope ID: 996F1 FAF-E55E-495A-B3F3-OF886D376FA9 WHEREAS, since Applicant was not deemed eligible for a 2024 Demolition Allotment, following the lottery, it was issued a letter of denial; and, WHEREAS, pursuant to Section 26.470.160 C. and Chapter 26.316 of the City's an Use Code, the Applicant timely filed a notice of appeal of the denial of Applicant's application for a 2024 Demolition Allotment. The appeal asserted several claims challenging the denial of a 2024 Demolition Allotment to the Applicant. In addition, pursuant to Section 26.470.160 C., applicant requested the issuance of a Demolition Allotment given the fact that no 2024 Demolition Allotments remained available. The appeal is presently pending before the City Council; (the "Appeal"); and, WHEREAS, the Applicant has indicated that should its appeal be denied by the City Council, it intends to initiate litigation pursuant to C.R.C.P. 106(a)(4); and, UVHEREAS, the Parties have reached an agreement to settle their disputes and desire to reduce the terms and conditions of their agreement to writing for consideration by City Council, and, WI�REAS, the intent of this Agreement is to amicably and finally resolve all claims the Parties may have against each other in accordance with the terms of this Agreement, and, WHEREAS, the Aspen City Council finds that this Agreement furthers and is necessary for the promotion of public health, safety, and welfare; and, is in the best interest of the City, the Applicant and the Community as a whole. AGREEl�'IENT NOW, THEREFORE, in consideration of the foregoing recitals and of the conditions, covenants and agreements set forth below, the Parties agree as follows: 1. Appeal Requirements. The appeal was filed pursuant to Section 26.470.160 C., of the Land Use Code, which states as follows: Insufficient development allotments. Any property owner within the City who is prevented from developing a property because that year's development allotments have been entirely allocated may appeal to the City Council for development approval. An application requesting allotments must first be denied due to lack of necessary allotments. The appeal procedures set forth at Chapter 26.316 shall apply. The City Council may take any such action determined necessary, including but not limited to making a one-time increase of the annual development allotment sufficient to accommodate the application. As noted therein, the appeal procedures set forth in Chapter 26.316 shall apply. That Chapter states in Section 26.316.030 (f), as follows: Action by the decision -making body hewing the appeal. The decision - making body hearing the appeal may reverse, affirm or modify the 3011493.1 DocuSign Envelope ID: 996F1 FAF-E55E-495A-B3F3-OF886D376FA9 decision or determination appealed from and, if the decision is modified, shall be deemed to have all the powers of the officer, board or commission from whom the appeal is taken, including the power to impose reasonable conditions to be complied with by the appellant. The decision -making body may also elect to remand an appeal to the body that originally heard the matter for further proceedings consistent with that body's jurisdiction and directions given, if any, by the body hearing the appeal. The decision shall be approved by written resolution. All appeals shall be public meetings. In addition, any project granted a Demolition Allotment must comply with the provisions of the Residential Demolition and Redevelopment Standards (Demolition Standards) adopted pursuant to Ordinance #13. Such Demolition Standards provide, among other requirements, that "[a]ll projects are required to source separate non -hazardous waste materials and divert a minimum of 35% by weight, from the landfill." 2. Resolution of Appeal. The City Council has the authority to resolve an appeal that has been submitted to it through hearing or agreement. In this instance, this Agreement is submitted as a proposed resolution of the appeal. By accepting the proposed Agreement, the City Council is not concluding that the Applicant has met its burdens of appeal set forth in Chapter 26.316. This proposed resolution is being accepted as a compromise to a disputed matter and is deemed in the best interest of the City of Aspen. 3. Grant of a Multi -Year Allotment. As noted in paragraph 1, above, Section 26.470.160 C., allows the City Council, as part of the resolution of the appeal to "take any such action determined necessary, ... sufficient to accommodate the application." Therefore, subject to conditions set forth herein, the City Council hereby grants to the Applicant a 2025 Demolition Allotment subject to all the terms and conditions set forth herein. 4. Disposition of Claims. In consideration of the City's issuance of a 2025 Demolition Allotment to Applicant, Applicant agrees that it will comply with ail provisions of the Demolition Standards, as amended from time -to -time prior to submission of an application for issuance of a demolition permit. In addition, the Applicant agrees as follows: a. A deconstruction expert shall be hired by Applicant to evaluate the existing structure and identify all possible recoverable materials within the building on the Property and list specific marketplaces the materials can be delivered for salvage (the "Deconstruction Survey"). This must include interior fixtures (like built-in furniture, appliances), if any, along with the building materials. A report from the deconstruction expert shall be submitted to the City identifying the salvageable materials and the existing marketplace(s) for these materials to be donated or sold for reuse or recycling. The Deconstruction Survey shall include a good -faith estimate of the percentage, by weight, of the non -hazardous waste materials from 3 3011493.1 DocuSign Envelope ID: 996F1 FAF-E55E-495A-B3F3-OF886D376FA9 the deconstruction of the structures) on the Property that the deconstruction expert believes can be diverted from Landfill Waste ("Diversion Percentage"). b. The Deconstruction Survey shall be submitted prior to issuance of the demolition permit. c. If demolition has not commenced within 365 days after issuance of the demolition permit, an updated deconstruction survey shall be submitted to and reviewed by the City prior to commencement of demolition. The parties agree this additional survey is needed because multiple years may pass between the submission of the initial survey and the actual commencement of demolition, and it is unknown if additional resource recovery markets will come online and increase the potential to divert additional building materials, or vice versa. d. The City Building Department shall be involved throughout the duration of demolition of the structure(s) on the Property. This will include plan reviews for diversion pre -demolition and site evaluations throughout the demolition process. A summary report of diversion post -demolition will be required and provided to the City Building Department. This obligation shall be accomplished by Applicant's participation in the Green Halo program. e. The Applicant will divert all possible locally salvageable materials pursuant to subsection (a) and divert a minimum of 90% by weight of the non -hazardous waste material that the Deconstruction Survey estimates can be diverted from the landfill in accordance with Deconstruction Survey generated and submitted under subsections (a) and (b). For the sake of clarity, if the Deconstruction Survey estimates that 50% of the total weight of all non -hazardous waste material can be diverted, Applicant shall divert a minimum of 90% of such 50% (that is, 45%) of the overall weight of non -hazardous waste materials. The current code's 35% minimum diversion requirement shall be waived by the City, if the existing improvements on the property are less than 1500 square feet in total size and if the Deconstruction Survey submitted pursuant to subsection 4.b., above, certifies that 35% diversion cannot be reasonably obtained. So long as Applicant acts in good faith to comply with the Deconstruction Survey and exercises commercially reasonable practices to fulfill the obligations of this subsection, Applicant shall not be deemed to have breached this Agreement if it fails to meet its diversion obligation. 5. Release. All appeals of the Applicant shall be deemed withdrawn and any and all other claims raised by the Applicant in the appeal shall be dismissed by the Parties, with prejudice, with each Party to pay its own costs and fees. Further, it is acknowledged that this Agreement is a compromise of disputed claims and shall not be construed as an admission on the part of either Party of the validity, or lack thereof, regarding or concerning any claim or defense asserted by either Party in the appeal described above. In consideration for and upon full and timely completion of the provisions of this Agreement set forth above, the Parties for themselves and their successors, representatives, agents, heirs and assigns will completely release and forever discharge the other of and from any and all past, present or future claims, demands, 11 3011493.1 DocuSign Envelope ID: 996F1 FAF-E55&495A-133FMI'886D376FA9 obligations, actions and causes of action of any nature that were, or could have been brought in the appeal or subsequent litigation relating to this matter. However, such release shall not release Applicant from the requirements of any applicable City Codes required for development activities resulting from the receipt of the Demolition Allotment, 6. Covenant Not to Sue. Except to enforce the express obligations of the Parties under this Agreement, each Party covenants, as of the Effective Date, not to institute any action or proceeding against the other Party related to the matters released above, or to cause such Party to be joined or substituted as a party in any other lawsuit or proceeding, or at all arising out of or in connection with the released claims. 7. Further Assurances. Each Party to this Agreement shall execute and deliver any and all additional papers, documents, and other assurances, and shall do any and all acts and things reasonably necessary or appropriate in connection with the performance of his/her/its obligations hereunder and to carry out the intent of the Parties hereto, and to correct or modify in good faith any errors or omissions which shall subsequently be discovered following the Effective Date. Each Party to this Agreement agrees to cooperate to the extent necessary and appropriate to effectuate all terms and conditions of this Agreement following the Effective Date. 8. Authori .The Parties represent and warrant that they possess the sole and full authority to enter into this Agreement free of any rights of settlement, approval, subrogation, or other condition or impediment. Each Party represents and warrants that the entry of this Agreement or performance of any obligation called for hereunder does not violate any contractual or other obligation by which it is bound. However, the Parties acknowledge and agree that the execution of this Agreement by the City is specifically subject to the approval of this Agreement by the Aspen City Council as set forth in paragraph 12, below. 9. Approval by City Council. The Parties agree that the current appeal remains valid but stayed until this agreement is approved by the Aspen City Council by Resolution at a public meeting, which approval shall be at the sole and absolute discretion of City Council. If a Resolution of approval is not adopted on or before May 14, 2024, this agreement and all terms and conditions set forth herein shall be deemed void ab initio. In such event, the parties have agreed that the original appeal hearing shall be held before the City Council on date mutually agreed to by the Parties. 10. Runs With the Land; Recording. This Agreement shall be a benefit and a burden on the Property and shall run with the land. This Agreement may be recorded in the Pitkin County records by either Party. 11. Nonreliance. The Parties to this Agreement expressly assume the risks that the facts or law may be, or become, different from the facts or law as presently believed by the Parties. The Parties represent that they have had the opportunity to consult with, and/or have consulted with, counsel regarding this Agreement. 12. Entire Agreement. The Parties represent and agree that no promise, inducement, or agreement other than that expressed herein has been made to them and that this Agreement is 3011493.1 DocuSign Envelope ID: 996F1 FAF-E55E495A-133FMF886D376FA9 fully integrated, supersedes all prior agreements, understandings, statements or representations and contains the entire agreement between them with respect to the subject matter hereof. 13. Voluntary and Informed Assent. The Parties represent and agree that they have read and fully understand this Agreement, that they are fully competent to manage their own personal and business affairs and to enter into and sign this Agreement, and that they are executing this Agreement voluntarily, free of any duress or coercion. 14. Disposition of Lawsuit. Within 7 days of full execution and this Agreement's being approved by the Aspen City Council, Applicant will cause a Stipulation for Dismissal with Prejudice pursuant to C.R.C.P. 41 to be filed in the civil action styled as Lake House Aspen LLC v. City of Aspen, Pitkin County District Court Case No. 2023 CV 30125. 15. Governing Law, Forum and Attorneys' Fees. The laws of the State of Colorado shall apply to and control any interpretation, construction, performance or enforcement of this Agreement. Any action or proceeding to construe or enforce this Agreement, or to recover damages for its breach, shall be brought in the District Court for Pitkin County, Colorado and the Parties consent to the exercise of that Court's jurisdiction over them. In the event any litigation or other proceeding is brought for the enforcement of this Agreement or because of an alleged dispute, default, misrepresentation, or breach in connection with any of the provisions of this Agreement, the prevailing Party shall be entitled to recover reasonable attorneys' fees, expert witness fees, costs and expenses actually incurred in initiating or responding to such proceeding, in addition to any other relief to which such Party may be entitled. 16. Construction. This Agreement and its exhibits shall be construed as if the Parties jointly repared them, and any uncertainty or ambiguity shall not be interpreted against any one party. 17. Modification. This Agreement shall not be modified except in writing signed by the Parties or their authorized representatives. 18. Severability. The Parties agree that if, for any reason, a provision of this Agreement shall be held unenforceable by any court of competent jurisdiction this Agreement shall be automatically conformed to the law or determination and otherwise this Agreement shall continue in full force and effect. 19. Headings. The headings of paragraphs herein are included solely for convenience of reference and shall not control the meaning or interpretation of any of the provisions of this Agreement. 20. Counterparts. This Agreement may be executed in several counterparts and all counterparts so executed shall constitute one agreement binding on all parties hereto, notwithstanding that all the parties are not signatories to the original or the same counterpart. Facsimile or electronic signatures shall be accepted the same as an original signature. A photocopy of this agreement may be used in any action brought to enforce or construe this Agreement. 3011493.1 DocuSign Envelope ID: 996F1 FAF-E55&495A-133FMF886D376FA9 21. No Waiver. No failure to exercise and no delay in exercising any right, power or remedy under this Agreement shall impair any right, power or remedy which any Party may have, nor shall any such delay be construed to be a waiver of any such rights, powers or remedies or an acquiescence in any breach or default under the Agreement, nor shall any waiver of any breach or default of any Party be deemed a waiver of any default or breach subsequently i appearng. THE CITY OF ASPEN, a Colorado municipal corporation DocuSigned by: 5/31/2024 2OW214EE19426... City Manager LAKE. HnTT�F A�PFN_ T,T,C DocuSigned by: L�,visf DB8AB4E74FCF454... Lnristopner U. tiryan Authorized Signatory 7 Date: May 31, 2:24:05 2024 3011493.1 DocuSign Envelope ID: 1 E7D691 D-BCE3-4040-BB1 D-BE7BB4F3D917 SETTLEMENT AGREEMENT This Settlement Agreement (the "Agreement") is entered into this 14th day of May 2024 the "Effective Date") by and between the City of Aspen, a Colorado municipal corporation ("City") and Survivor's Trust Created Under the Cambell Family Trust dated July 13, 1993, as amended ("Applicant"). The above -named entities and individuals may hereafter be collectively referred to as the "Parties", and each entity or individual may be separately referred to as a "Party". RECITALS WHEREAS, Applicant is the owner of the real property legally described as: Beginning at the Northwest corner of Lot A, Block 41 East Aspen Addition; Thence S 14°50'49"W 100.00 feet to the Southwest corner of Lot A, Block 41 East Aspen Addition; Thence N75°09' 11 "W 74.91 feet to the Southeast corner of Lot I, Block 120 Aspen Townsite; Thence 414050'49"E 100.00 feet to the Northeast Corner of Lot I, Block 120 Aspen Townsite; Thence S75°09' 11 "E 74.91 feet to the point of beginning; aid parcel contains 7,491 square feet; City of Aspen, County of Pitkin, Colorado; commonly known as 919 Waters Ave., Aspen, Colorado 81611(the "Property"); and WHEREAS, on June 28, 2022, Aspen City Council adopted Ordinance No. 13, Series of 2022 (Ordinance #13). Ordinance #13 provided numerous code amendments following the institution of a moratorium adopted by Council on March 15, 2022, pursuant to Ordinance #6, Series of 2022. Among the items adopted pursuant to Ordinance #13 was a restriction on the number of "Demolition Allotments" that would be issued each year; and, WHEREAS, Ordinance # 13 included Growth Management Quota System amendments that provide a cap of six (6) standard Demolition Allotments per year, and stated that such allotments would be granted on a first come/first served basis. Pursuant to previous action by City Council, four of the six available 2024 Demolition Allotments had been issued in 2023; and, WHEREAS, pursuant to Ordinance No. 23, Series of 2024 (Ordinance #23), a lottery system was adopted by City Council to distribute Demolition Allotments. In addition, Ordinance #23 created two additional Demolition Allotments for 2024, thus allowing four Demolition Allotments to be distributed by lottery. On January 2, 2024, Applicant submitted an application seeking a 2024 Demolition Allotment for the Property. The application was deemed complete, and Applicant participated in the lottery, and, WHEREAS, a lottery was held on February 20, 2024, and pursuant to such lottery, four properties, not including the Property, were deemed eligible for 2024 Demolition Allotments; and, 1318956. I 10/23/14 DocuSign Envelope ID: 1 E7D691 D-BCE3-4040-BB1 D-BE7BB4F3D917 WHEREAS, since Applicant was not deemed eligible for a 2024 Demolition Allotment, following the lottery, it was issued a letter of denial; and, WHEREAS, pursuant to Section 26.470.160 C. and Chapter 26.316 %J the City's Land Use Code, the Applicant timely filed a notice of appeal of the denial of Applicant's application for a 2024 Demolition Allotment. The appeal asserted several claims challenging the denial of a 2024 Demolition Allotment to the Applicant. In addition, pursuant to Section 26.470.160 C., applicant requested the issuance of a Demolition Allotment given the fact that no 2024 Demolition Allotments remained available. The appeal is presently pending before the City Council; (the "Appeal"); and, WHEREAS, the Applicant has indicated that should its appeal be denied by the City Council, it intends to initiate litigation pursuant to C.R.C.P. 106(a)(4); and, WHEREAS, the Parties have reached an agreement to settle their disputes and desire to reduce the terms and conditions of their agreement to writing for consideration by City Council, and, WHEREAS, the intent of this Agreement is to amicably and finally resolve all claims the Parties may have against each other in accordance with the terms of this Agreement, and, WHEREAS, the Aspen City Council finds that this Agreement furthers and is necessary for the promotion of public health, safety, and welfare; and, is in the best interest of the City, the Applicant and the Community as a whole. AGREEMENT NOW, THEREFORE, in consideration of the foregoing recitals and of the conditions, covenants and agreements set forth below, the Parties agree as follows: 1. Appeal Requirements. The appeal was filed pursuant to Section 26.470.160 C., of the Land Use Code, which states as follows: Insufficient development allotments. Any property owner within the City who is prevented from developing a property because that year's development allotments have been entirely allocated may appeal to the City Council for development approval. An application requesting allotments must first be denied due to lack of necessary allotments. The appeal procedures set forth at Chapter 26.316 shall apply. The City Council may take any such action determined necessary, including but not limited to making a one-time increase of the annual development allotment sufficient to accommodate the application. As noted therein, the appeal procedures set forth in Chapter 26.316 shall apply. That Chapter states in Section 26.316.030 (f), as follows: Action by the decision -making body hewing the appeal. The decision - making body hearing the appeal may reverse, affirm or modify the 2 1318956.1 10/23/14 DocuSign Envelope ID: 1 E7D691 MCE3-404MB1 D-BE7131341`31D917 decision or determination appealed from and, if the decision is modified, shall be deemed to have all the powers of the officer, board or commission from whom the appeal is taken, including the power to impose reasonable conditions to be complied with by the appellant. The decision -making body may also elect to remand an appeal to the body that originally heard the matter for further proceedings consistent with that body's jurisdiction if any, by the body hearing the appeal. The decision and directions given, shall be approved by written resolution. All appeals shall be public meetings. In addition, any project granted a Demolition Allotment must comply with the provisions of the Residential Demolition and Redevelopment Standards (Demolition Standards) adopted pursuant to Ordinance #13. Such Demolition Standards provide, among other requirements, that "[a]ll projects are required to source separate non -hazardous waste materials and divert a minimum of 35% by weight, from the landfill." 2. Resolution of Appeal. The City Council has the authority to resolve an appeal that has been submitted to it through hearing or agreement. In this instance, this Agreement is submitted as a proposed resolution of the appeal. By accepting the proposed Agreement, the City Council is not concluding that the Applicant has met its burdens of appeal set forth in Chapter 26.316. This proposed resolution is being accepted as a compromise to a disputed matter and is deemed in the best interest of the City of Aspen. 3. Grant of a Multi -Year Allotment. As noted in paragraph 1, above, Section 26.470.160 C., allows the City Council, as part of the resolution of the appeal to "take any such action determined necessary, ... sufficient to accommodate the application." Therefore, subject to conditions set forth herein, the City Council hereby grants to the Applicant a 2025 Demolition Allotment subject to all the terms and conditions set forth herein. 4. Disposition of Claims. In consideration of the City's issuance of a 2025 Demolition Allotment to Applicant, Applicant agrees that it will comply with all provisions of the Demolition Standards, as amended from time -to -time prior to submission of an application for issuance of a demolition permit. In addition, the Applicant agrees as follows: a. A deconstruction expert shall be hired by Applicant to evaluate the existing structure and identify all possible recoverable materials within the building on the Property and list specific marketplaces the materials can be delivered for salvage (the "Deconstruction Survey"). This must include interior fixtures (like built-in furniture, appliances), if any, along with the building materials. A report from the deconstruction expert shall be submitted to the City identifying the salvageable materials and the existing marketplace(s) for these materials to be donated or sold for reuse or recycling. The Deconstruction Survey shall include a good -faith estimate of the percentage, by weight, of the non -hazardous waste materials from 1318956.1 10/23/14 DocuSign Envelope ID: 1 E7D691 D-BCE3-4040-BB1 D-BE7BB4F3D917 the deconstruction of the structures) on the Property that the deconstruction expert believes can be diverted from Landfill Wastes ("Diversion Percentage"). b. The Deconstruction Survey shall be submitted prior to issuance of the demolition permit. c. If demolition has not commenced within 365 days after issuance of the demolition permit, an updated deconstruction survey shall be submitted to and reviewed by the City prior to commencement of demolition. The parties agree this additional survey is needed because multiple years may pass between the submission of the initial survey and the actual commencement of demolition, and it is unknown if additional resource recovery markets will come online and increase the potential to divert additional building materials, or vice versa. d. The City Building Department shall be involved throughout the duration of demolition of the structure(s) on the Property. This will include plan reviews for diversion pre -demolition and site evaluations throughout the demolition process. A summary report of diversion post -demolition will be required and provided to the City Building Department. This obligation shall be accomplished by Applicant's participation in the Green Halo program. e. The Applicant will divert all possible locally salvageable materials pursuant to subsection (a) and divert a minimum of 90% by weight of the non -hazardous waste material that the Deconstruction Survey estimates can be diverted from the landfill in accordance with Deconstruction Survey generated and submitted under subsections (a) and (b). For the sake of clarity, if the Deconstruction Survey estimates that 50% of the total weight of all non -hazardous waste material can be diverted, Applicant shall divert a minimum of 90% of such 50% (that is, 45%) of the overall weight of non -hazardous waste materials. The current code's 35% minimum diversion requirement shall be waived by the City, if the improvements on the property are less than 1500 square feet in total size and if the Deconstruction Survey submitted pursuant to subsection 4.b., above, certifies that 35% diversion cannot be reasonably obtained. So long as Applicant acts in good faith to comply with the Deconstruction Survey and exercises commercially reasonable practices to fulfill the obligations of this subsection, Applicant shall not be deemed to have breached this Agreement if it fails to meet its diversion obligation. 5. Release. All appeals of the Applicant shall be deemed withdrawn and any and all other claims raised by the Applicant in the appeal shall be dismissed by the Parties, with prejudice, with each Party to pay its own costs and fees. Further, it is acknowledged that this Agreement is a compromise of disputed claims and shall not be construed as an admission on the part of either Party of the validity, or lack thereof, regarding or concerning any claim or defense asserted by either Party in the appeal described above. In consideration for and upon full and timely completion of the provisions of this Agreement set forth above, the Parties for themselves and their successors, representatives, agents, heirs and assigns will completely release and forever discharge the other of and from any and all past, present or future claims, demands, Cl 1318956.1 10/23/14 DocuSign Envelope ID: 1 E7D691 D-BCE3-4040-BB1 D-BE7BB4F3D917 obligations, actions and causes of action of any nature that were, or could have been brought in the appeal or subsequent litigation relating to this matter. However, such release shall not release Applicant from the requirements of any applicable City Codes required for development activities resulting from the receipt of the Demolition Allotment. 6. Covenant Not to Sue. Except to enforce the express obligations of the Parties under this Agreement, each Party covenants, as of the Effective Date, not to institute any action or proceeding against the other Party related to the matters released above, or to cause such Party to be joined or substituted as a party in any other lawsuit or proceeding, or at all arising out of or in connection with the released claims. 7. Further Assurances. Each Party to this Agreement shall execute and deliver any and all additional papers, documents, and other assurances, and shall do any and all acts and things reasonably necessary or appropriate in connection with the performance of his/her/its obligations hereunder and to carry out the intent of the Parties hereto, and to correct or modify in good faith any errors or omissions which shall subsequently be discovered following the Effective Date. Each Party to this Agreement agrees to cooperate to the extent necessary and appropriate to effectuate all terms and conditions of this Agreement following the Effective Date. 8. Authority. The Parties represent and warrant that they possess the sole and full authority to enter into this Agreement free of any rights of settlement, approval, subrogation, or other condition or impediment. Each Party represents and warrants that the entry of this Agreement or performance of any obligation called for hereunder does not violate any contractual or other obligation by which it is bound. However, the Parties acknowledge and agree that the execution of this Agreement by the City is specifically subject to the approval of this Agreement by the Aspen City Council as set forth in paragraph 12, below. 9. Approval by City Council. The Parties agree that the current appeal remains valid but stayed until this agreement is approved by the Aspen City Council by Resolution at a public meeting, which approval shall be at the sole and absolute discretion of City Council. If a Resolution of approval is not adopted on or before May 14, 2024, this agreement and all terms and conditions set forth herein shall be deemed void ab initio. In such event, the parties have agreed that the original appeal hearing shall be held before the City Council on date mutually agreed to by the Parties. 10. Runs With the Land; Recordin;;. This Agreement shall be a benefit and a burden on the Property and shall run with the land. This Agreement may be recorded in the Pitkin County records by either Party. 11. Nonreliance. The Parties to this Agreement expressly assume the risks that the facts or law may be, or become, different from the facts or law as presently believed by the Parties. The Parties represent that they have had the opportunity to consult with, and/or have consulted with, counsel regarding this Agreement. 12. Entire Agreement. The Parties represent and agree that no promise, inducement, or agreement other than that expressed herein has been made to them and that this Agreement is 5 1318956. 110/23/14 DocuSign Envelope ID: 1 E7D691 D-BCE3-4040-BB1 D-BE7BB4F3D917 fully integrated, supersedes all prior agreements, understandings, statements or representations and contains the entire agreement between them with respect to the subject matter hereof. 13. Voluntary and Informed Assent. The Parties represent and agree that they have read and fully understand this Agreement, that they are fully competent to manage their own personal and business affairs and to enter into and sign this Agreement, and that they are executing this Agreement voluntarily, free of any duress or coercion. 14. Governin;; Law, Forum and Attorneys' Fees. The laws of the State of Colorado shall apply to and control any interpretation, construction, performance or enforcement of this Agreement. Any action or proceeding to construe or enforce this Agreement, or to recover damages for its breach, shall be brought in the District Court for Pitkin County, Colorado and the Parties consent to the exercise of that Court's jurisdiction over them. In the event any litigation or other proceeding is brought for the'enforcement of this Agreement or because of an alleged dispute, default, misrepresentation, or breach in connection with any of the provisions of this Agreement, the prevailing Party shall be entitled to recover reasonable attorneys' fees, expert witness fees, costs and expenses actually incurred in initiating or responding to such proceeding, in addition to any other relief to which such Party may be entitled. 15. Construction. This Agreement and its exhibits shall be construed as if the Parties jointly prepared them, and any uncertainty or ambiguity shall not be interpreted against any one party. 16. Modification. This Agreement shall not be modified except in writing signed by the Parties or their authorized representatives. 17. Severability. The Parties agree that if, for any reason, a provision of this Agreement shall be held unenforceable by any court of competent jurisdiction this Agreement shall be automatically conformed to the law or determination and otherwise this Agreement shall continue in full force and effect. 18. Headings. The headings of paragraphs herein are included solely for convenience of reference and shall not control the meaning or interpretation of any of the provisions of this Agreement. 19. Counterparts. This Agreement may be executed in several counterparts and all counterparts so executed shall constitute one agreement binding on all parties hereto, notwithstanding that all the parties are not signatories to the original or the same counterpart. Facsimile or electronic signatures shall be accepted the same as an original signature. A photocopy of this agreement may be used in any action brought to enforce or construe this Agreement. 20. No Waiver. No failure to exercise and no delay in exercising any right, power or remedy under this Agreement shall impair any right, power or remedy which any Party may have, nor shall any such delay be construed to be a waiver of any such rights, powers or remedies or an acquiescence in any breach or default under the Agreement, nor shall any waiver of any breach or default of any Party be deemed a waiver of any default or breach subsequently appearing. 0 1318956.1 10/23/14 DocuSign Envelope ID: 1 E7D691 D-BCE34040-6B1 D-BE713134FM917 THE CITY OF ASPEN, a Colorado municipal corporation By: DocuSigned by: Salca_Qi DA4D" City Manager 14EE1942B. .. Date: 6/10/2024 � 3:32:09 PM PDT SURVIVOR'S TRUST CREATED UNDER THE CAMPBELL FAMILY TRUST, dated July 13, 1993, as amended DocuSigned by: B . ats �pa y . FAEA6F35C3E4467.11 Angus Campbell, Co -Trustee By: DocuSigned by: LS Q CAy4p� C93D259CF30946A..4 Stuart Campbell, Co -Trustee 7 5/16/2024 Date: 5/16/2024 Date: 1318956.1 10/23/14