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HomeMy WebLinkAboutresolution.council.056-26RESOLUTION 4056 (Series of 2026) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO, APPROVING A PROPOSED MEMORANDUM OF AGREEMENT BETWEEN THE CITY OF ASPEN AND TS BAR X, LLC AND AUTHORIZING THE CITY MANAGER TO EXECUTE SAID l��MORANDUM OF AGREEMENT ON BEHALF OF THE CITY OF ASPEN, COLORADO `'UHEREAS, there has been submitted to the City Council a proposed Memorandum of Agreement by and between the City of Aspen and TS Bar X, LLC , a true and accurate of copy of which is attached hereto as Exhibit "A 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 Memorandum of Agreement by and between the City of Aspen and TS Bar X, LLC, and hereby authorizes the City Manager to execute such Memorandum of Agreement, a copy of which is attached hereto as Exhibit "A", on behalf of the City of Aspen. RESOLVED, APPROVED, AND ADOPTED FINALLY. by the City Council of the City of Aspen on the 14"' day of April, 2026. 1 Richards, or 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, April 14, 2026. C:� Docusign Envelope ID: 197B717&2F7E-83BF-82E&1 F2137E311 D53 4/16/2026 (6:26:10 AM f���6 MEMORANDUM OF AGREEMENT This Memorandum of Agreement ("MOA") is entered into this day of 20255 by and between the City of Aspen, Colorado (the "City"), whose address is 427 Rio Grande Place, Aspen, CO 81611-1975 and TS Bar X, LLC, a Colorado limited liability company ("Owner"), whose address is c/o Garfield & Hecht, P.C. 625 E. Hyman Ave., Ste. 201, Aspen, CO 81611. The City and Owner may be collectively referred to as the "Parties", and each individually or separately as a "Party". RECITALS A. Owner is the owner of certain property in Pitkin County, Colorado located at 850 Stage Road, Aspen, CO 81611 ("the Property"), which is legally described as: HOMESTEAD 1, BAR X RANCH F1 CONDOMINIUMS, ACCORDING TO THE CONDOMINIUM MAP THEREOF RECORDED JUNE 21, 2023 IN PLAT BOOK 136 AT PAGE 83 AND RE -RECORDED AUGUST 4, 2023 IN PLAT BOOK 137 AT PAGE 7, AND THE CONDOMINIUM DECLARATION RECORDED JUNE 22, 2023 AT RECEPTION NO. 695626 AND RE -RECORDED AUGUST 4, 2023 AT RECEPTION NO. 6964904 B. In 2009, Owner acquired certain property in Pitkin County, Colorado legally described as: Lot F1, Stage Road Planned Unit Development/Subdivision, according to the Plat thereof recorded October 7, 2005 in Plat Book 75 at Page 32 as Reception No. 515869 and the First Supplement to the Final Plat recorded October 15, 2009 in Plat Book 92 at Page 1 as Reception No. 563657 ("Lot F 1 "). C. In 2023, Owner condominiumized Lot Fl, and created the Bar X Ranch F1 Condominiums by recording the Condominium Map thereof on June 215 2023 in Plat Book 136 at Page 83 and re -recorded August 4, 2023 in Plat Book 137 at Page 7, ("Condominium Map") and the Condominium Declaration recorded June 22, 2023 at Reception No. 695626 and re- recorded August 4, 2023 at Reception No. 696490 ("Condominium Declaration"). D. Bar X Ranch F1 Condominiums consists of three condominium parcels: Homestead 1, Homestead 2 and Ag Parcel. The Condominium Declaration set forth the distribution of units and residential square footage of Homestead 1 and Homestead 2 and the Ag Parcel. E. As noted above, the Property is "Homestead 1" of the Bar X Ranch F 1 Condominiums. The Property currently contains two existing residences, the Farmhouse and the premises known as 850 Stage Road. Homestead 2 is currently unimproved but is allocated, pursuant to the Condominium Declaration, one unit and 4903 square feet (or 6,403 square feet using one TDR or 7,903 square feet using two TDR's) of residential floor area. 1 Docusign Envelope ID: 1978717&2HE-8313F-82E&l F2137E311 D53 F. There are certain structures on the Property that existed prior to the date Owner acquired Lot F 1 and prior to the creation of the Stage Road PUD that include: (i) a farmhouse (the "Farmhouse"); (ii) a barn (the "Barn"); and (iii) a garage associated with the Farmhouse (the "Garage"). Collectively, the Garage, Farmhouse and Barn are referred to as the "Contributing Resources". The location and immediate area surrounding the Contributing Resources, together with the Contributing Resources, are referred to herein as the "Designated Site". G. The location of the Contributing Resources on the Property is depicted on Exhibit "A" attached hereto. H. Owner desired to demolish the Contributing Resources and advised the City of its intentions during a pre -application conference to seek a demolition permit with the City's Community Development Director. I. Upon the review of the request to demolish these units, the following history was revealed: 1) Within City files was a 1999 survey report from the State of Colorado Historic Preservation Office identifying the Designated Site as having significant historic and architectural value, specifically noting the Designated Site's historic significance given its association with the history of settlement and ranching in Pitkin County and the Designated Site's architectural significance by being representative of the types of buildings and materials used on ranches in the late nineteenth and early twentieth centuries in Pitkin County, 2) On February 14, 2005, City Council considered and adopted on second reading Ordinance #6, Series of 2005 ("Ordinance #6) and Ordinance #39, Series of 2004 ("Ordinance #39). 3) Ordinance #6 approved a final Planned Unit Development, Subdivision, GMQS Exemption, Specially Planned Area, and Amendments to the Official Zoning Map and Vested Rights for the Stage Road Subdivision/PUD. The approvals set forth in Ordinance #6, were conditioned upon the annexation of the property. The annexation was also approved on February 14, 2005 pursuant to Ordinance #39. 4) Pursuant to the minutes from the public hearing held before City Council on February 14, 2005, for second reading of Ordinance #6 and Ordinance #39, the applicant represented that, "The AACP also states to preserve and enhance historic resources and the preservation of the intact ranch has been central to the plan from the beginning." The applicant further states, "The ranch is a piece of active agriculture and is also the last working cattle ranch at this end of the valley... the main buildings of the ranch go back to the late 1800's." The applicant concludes its presentation of evidence with the following statement, "The applicants get the ability to get value out of the land without destroying the ranch". Based upon these representations, the City approved Ordinance#6 and Ordinance #39, completing the annexation. 2 Docusign Envelope ID: 197B717&2F7&83BF-82E&1 F2B7E311 D53 5) Ordinance #6, contains the following language: Section 24, All material representations and commitments made by the Applicant pursuant to the development .proposal approvals as herein awarded, whether in public hearing, in the application or documentation presented before the Community Development Department or the Aspen City Council, are hereby incorporated in such plan development approvals and the same shall be complied with as if fully set forth herein, unless amended by other specific conditions. J. In addition to Ordinances #39 and #6, the parties entered into the PUD Control Document, Development and Vested Rights Agreement: Stage Road Planned Unit Development/Subdivision Don recorded October 7, 2005 at Reception No. 515890 (the "PUD Agreement"), to provide the right to construct up to four residences on Lot F 1 (now known as the Bar X Ranch F1 Condominiums). K. For purposes of this Agreement, Ordinance #6, and the PUD Agreement shall be known as the "Approval Documents". L. Neither Ordinance #6, nor Ordinance #39, specifically designated any of the Contributing Resources as historic. However, based on the language of Ordinance #6 and the representations made at the time of approval, it is the position of the City that preservation of the Designated Site, including through designation, was contemplated and intended by the Council and Owner. M. Pursuant to Chapter 415 of Title 26 of the Colorado Municipal Code, the Community Development Director may seek designation of a historic building, site, or a collection of buildings that demonstrate a quality of significance. N. In response to Owner's conferral with the City concerning demolition of the Contributing Resources, the Community Development Director advised Owner of his intent to pursue an application for designation of the Designated Site including the Contributing Resources to be included on the Aspen Inventory of Historic Landmark Designated Sites and Structures as an example of Aspen Victorian. O. Although contrary to the report referenced above, Owner disputes the City's characterization that the F 1 Lot contains historically significant resources and notes that, as mentioned in Recital L above, neither the above -referenced Ordinance #6, nor the above - referenced Ordinance #39 designated any of the Contributing Resources as historic. Consequently, Owner believes that Owner's vested rights associated with the Property include the right to demolish the Contributing Resources without approval from the City's Historical Preservation Commission ("HPC"), and that some prior communications between Owner and the City include the City's recognition and acknowledgement of Owner's vested rights to demolish the Contributing Resources. K3 Docusign Envelope ID: 197137176-2HE-8313F-82E6-1 F2137E311 D53 P. In response to the City's notice that it intended to pursue involuntary designation of the Contributing Resources , Owner advised the City that it would object at every step and consider litigation, if the designation step was pursued by the City. Q. Following extensive negotiations following the notice of the City regarding designation, 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, R. 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. AGREEMENT NOW THEREFORE, in consideration of these premises and mutual promises set forth herein, the Parties agree as follows: 1. The Development Plan. The Parties agree that the following description of proposed land use for portions of the Property (the "Development Plan") constitutes the desired result of this Agreement as it sets forth the proposed land use applications and requests for the Property that serves both parties' interests and is in the best interest of the City. The Parties further acknowledge that approval of the Development Plan is conditioned upon the granting of all requisite land use approvals, consistent with the procedures outlined in the City of Aspen Land Use Code (the "LUC"). A. Preservation of Designated Site. Owner agrees to prepare and submit to the City an application seeking to designate the Contributing Resources and add the Designated Site to the City's Inventory of Historic Landmark Sites and Structures pursuant to Section 26.415.030 of the LUC. As part of the voluntary designation application, Owner will identify the Designated Site as an area within which no new above -ground improvements, landscaping or berms will be permitted without HPC's prior written approval granted in accordance with the City's processes and procedures governing historic sites as amended from time to time. The boundaries of the Designated Site must be mutually agreeable to Owner and the City. The general location of the proposed Designated Site is identified on Exhibit "A" and is labeled "HPC Jurisdiction Area". During the time period between approval of this MOA and final consideration of the Development Plan, Owner agrees to maintain the Contributing Resources in their existing locations and general conditions and may continue to perform routine maintenance of the Contributing Resources, as Owner determines necessary, as long as such work effort is consistent with the principles found in Section 26.415.070 of the LUC and does not destroy or harm the Contributing Resources, as determined by the City Historic Preservation Officer, and all necessary building permits are obtained. The City acknowledges that the Contributing Resources are and will remain in active use and their continued functionality is important to Owner. 0 Docusign Envelope ID: 19713717&2HE-836F-82E&l F2B7E311 D53 i. During the time period between approval of this MOA and final consideration of the Development Plan, Owner agrees to maintain the Contributing Resources in their existing locations and general conditions and may continue to perform routine maintenance of the Contributing Resources, as Owner determines necessary, as long as such work effort is consistent with the principles found in Section 26.415.070 of the LUC and does not destroy or harm the Contributing Resources, as determined by the City Historic Preservation Officer, and all necessary building permits are obtained. The City acknowledges that the Contributing Resources are and will remain in active use and their continued functionality is important to Owner. 11. Within the Designated Site, Owner will have the right to improve, as needed, the existing driveway, vehicle and equipment maneuvering area, and parking areas within the Designated Site as shown on Exhibit "A which may include regrading or resurfacing with gravel or asphalt; extend or develop new subsurface utilities or irrigation lines which may include above -surface connections or junction boxes; and, may maintain the landscaping including removal or replacement of dead or dying vegetation without approval from or notice to HPC or the City. 111. Realignment and expansion of the existing driveway, vehicle and equipment maneuvering area, and parking areas within the Designated Site shall comply with Section 26.215.070 of the LUC. Notwithstanding section (c), any work requiring a building permit shall be subject to review under the then existing LUC. v. With respect to the larger, non -historic garage closest to Stage Road that is shown on Exhibit "A" and labeled "South garage to be demolished" (the "South Garage"), Owner asserts and the City acknowledges that the South Garage is not part of the Contributing Resources and has no historic preservation value. The South Garage may be demolished so long as the necessary building permits are obtained. vi. Any other modification of the Contributing Resource and the Designated Site shall comply with the provisions of the LUC in effect at the time. B. Request to Remove Non -Historic Elements. With respect to the Farmhouse, Owner asserts that additions were made to the Farmhouse that are historic. The The City acknowledges that there may be non -historic elements of 5 Docusign Envelope ID: 19713717&2HE-8313F-82E&l F2B7E311 D53 the Farmhouse but has not substantiated what elements (if any) are non - historic. The elements that Owner believes are non -historic are shaded in red on the photos attached as Exhibit `B" (the elements shaded in red shall be referred to as the "Possible Non -Historic Elements"), and include additions to the Farmhouse such as a basement area and an at -grade area to the north, east, and/or south of the existing Farmhouse. If Owner desires to remove any Possible Non -Historic Elements, Owner will prepare and submit to HPC a request to remove any Possible Non -Historic Elements along with technical reports, analyses, and responses to review criteria set forth in Chapter 26.415 of the LUC. Owner and the City acknowledge that "HPC determines that some or all of the Possible Non -Historic Elements are not historically significant and may be removed ("HPC Approved Non - Historic Elements"), any approval to remove any HPC Approved Non - Historic Elements may be conditioned upon a subsequent future approval of a restoration and expansion plan for the Farmhouse, and if Owner seeks to relocate the Farmhouse, HPC approval of the relocation plan will also be required. Owner acknowledges that the City and/or HPC may request additional investigation and probative tests to determine whether any Proposed Non -Historic Elements of the Farmhouse contain historic materials prior to determining if such Proposed Non -Historic Elements are not historic for purposes of review. Owner agrees to accommodate such requests considering ongoing occupancy and use of the Contributing Resources. Nothing herein shall be deemed a waiver of any applicable provision of the LUC. The provisions of this section are not intended to bind, commit, or otherwise restrict the Aspen City Council or any City board, commission, or authority exercising quasi judicial or discretionary decision -making authority over matters related to the Contributing Resources, including the Farmhouse. All such bodies expressly retain their full authority and discretion to approve, deny, modify, or condition modifications to the Contributing Resources as provided by LUC. C. Amendments to A ved P :Jnit Development. i. Reduction of Agricultural Floor Area. The Approval Documents granted the Property a floor area allowance of 40,000 square feet for non-residential agricultural buildings, approximately 2,000 square feet of which is currently in use and attributed to the area of the Barn leaving approximately 38,000 sf of additional non-residential agricultural floor area available to be used on the Property. The Owner agrees to prepare and submit to the City a request to amend the approved floor area for Lot F 1 by reducing the allowance for non-agricultural buildings by 10,000 sf — resulting in an allowance of 30,000 square feet of non- residential agricultural floor area allowed on the Property with the floor 0 Docusign Envelope ID: 197B717&2F7E-83BF-82E&l F2137E311 D53 area of the Barn continuing to count towards this allowance. The City agrees to consider and staff agrees to support this request to lower this floor area allowance in conjunction with review of the Development Plan. Additional Residence on Property. In consideration for voluntarily designating the Designated Site and maintenance of a residence within the Contributing Resources that would otherwise be demolished, Owner agrees to prepare and submit to the City a request to amend the Approval Documents to provide the right to construct up to five (5) residences on Lot F 1 (now known as the Bar X Ranch F 1 Condominiums), increasing the right from four residences to five residences. The Farmhouse, 850 Stage Road, and the allocation of a development allotment on the premises known as Homestead 2 will be included within the five (5) residences allowed on Lot F 1 and all will be bound by the same dimensional allowances and restrictions as any other residence on Lot Fl, including but not limited to various floor area exemptions for basement, garage, and Accessory Dwelling Units as currently provided in the Approval Documents. The City agrees to consider and staff agrees to support this request to increase the residential rights from four to five in conjunction with review of the Development Plan. iii. Grant of Additional Residential Floor Area. Pursuant to the Approval Documents, the allowable residential floor area for the four (4) residences was 15,000 square feet to be divided among the four residences at the option of the owner of Lot Ft. The Approval Documents further recognized the ability to increase the allowable residential floor area to a total of 18,000 square feet with the purchase and extinguishment of TDRs from Pitkin County subject to certain limitations and restrictions. In consideration of the effects of historic designation and maintenance of structures that would otherwise be demolished, Owner agrees to prepare and submit to the City, and the City staff agrees to support, a request to increase the allowable residential floor area on Lot F 1 by an additional 10,000 square feet (for a total aggregate allowance of 25,000 square feet without TDRs and 28,000 square feet with TDRs) to accommodate the additional residence and account for the limitations on the remaining development rights due to the designation of the Designated Site. For purposes of calculating residential floor area, the parties shall be bound by the LUC, unless amended by the Approval Documents. Residential floor area calculation shall include floor area attributed to 7 Docusign Envelope ID: 1978717&2HE-83131F-82E&l F2B7E311 D53 the Garage and the Farmhouse, as it may be modified to remove non - historic elements or expanded with new additions, and the amount of the residential floor area of other existing and future residential buildings as measured and calculated according the Stage Road Subdivision and PUD Control Document, including all allowances and exceptions, including but not limited to floor area exemptions for subgrade area, garage area, and area within Accessory Dwelling Units. Owner agrees to prepare and submit to the City a summary of existing and anticipated floor area allocations within the Property. Such summary shall be for the City's record keeping and zoning compliance purposes and not for discretionary review of the Owner's allocation choices. The City agrees to consider and staff agrees to support this request to increase the residential floor area allowance in conjunction with review of the Development Plan. iv. Enlargement of Development Envelope. To accommodate the additional residence and designated areas with limited development potential, amendments to the development envelope are necessary. Owner agrees to prepare and submit to the City a request to amend the Plat and the Agricultural Conservation Easement to adjust the boundaries of the areas within the Property that define where residential structures may be constructed, and allow for new residential structures and residential development to occur in the area shown on Exhibit "A" that is bordered in yellow and labeled "Area added to development envelope." The City agrees to consider and staff agrees to support this request to enlarge the development envelope in conjunction with review of the Development Plan. v. Establishment of Transferable Development Rights. As part of this Development Plan, Owner seeks the ability to sever up to 1,500 square feet of allowable residential floor area in the form of transferable development rights (TDRs) in accordance with the procedures set forth in Chapter 26.535 of the LUC. Owner agrees to prepare and submit to the City a request for 1,500 square feet of floor area to be converted into a total of six (6) TDRs, created in increments of 250 square feet each. Owner may exercise its right to sever one or more of the six allotted TDRs at its convenience so long as sufficient residential floor area remains on the Property, and upon exercising its right to sever a TDR, Owner shall be required to record a deed restriction reducing the remaining allowable developable residential floor area on the Property by the amount that corresponds the residential floor area associated with each severed TDR. The City acknowledges that the Owner's right to create TDRs shall not be considered an obligation upon the Owner to create TDRs. The City agrees to consider and staff agrees to support this request to create six TDRs in conjunction with review of the Development Plan. Docusign Envelope ID: 197B717&2F7&83BF-82E&1 F2137E311 D53 vi. Vested Rights. According to the Approval Documents, the vested rights for the Stage Road PUD Development Plan (as defined in the PUD Agreement) will expire on October 7, 2030, (which is 25 years from the date of recording of the Plat) or such longer time as may be allowed under any applicable law, regulation or court decision. In consideration of invested time and the effects of the new development limitations considered in this MOA, Owner will prepare a request to increase the period of vested rights for Lot F 1 (now known as the Bar X Ranch F 1 Condominiums), including the rights granted pursuant to this MOA, for 10 additional years to October 7, 2040, or such longer time as may be allowed under any applicable law, regulation, or court decision. The City agrees to consider and staff agrees to support this request to extend the period of vested rights in conjunction with review of the Development Plan. D. Easements. i. Amendment of A idential Develo icultural Easement B and T to Accommodate Devel Envelope. Pursuant to the Approval Documents and the Final Plat recorded at Reception No. 515869 in the real property records of the Pitkin County Clerk and Recorder (the "Final Plat"), there are two easements located on the F 1 Lot depicted and described in the Final Plat as "Agricultural Conservation Easement" and "Fathering Parcel Agricultural Easement". Amendments to the existing Agricultural Easement held by the Stage Road PUD homeowners' association (the "HOA") and City are needed to accommodate the placement of five (5) residences on the Property as a result of the voluntary designation of the Designated Site and an increase in the number of residences allowed on the F 1 Lot. Owner agrees to prepare and submit to the City a request to modify the Easements as depicted in Exhibit A to allow for a larger development envelope to accommodate the additional residence. The City agrees to consider and staff agrees to support this request to modify the agricultural easement boundary in conjunction with review of the Development Plan. 11. Wildlife Corridor Protection Area. In consideration of an enlarged development envelope and City's expressed desire to establish a protected wildlife corridor, Owner agrees to prepare and submit to the City a request to establish a wildlife corridor protection area at the northern end of the Property (the "Wildlife Area"), which Wildlife Area is depicted in green on Exhibit "A" and labeled "Area of heightened wildlife protection". The Parties agree that within the Wildlife Area, Owner and the HOA may Docusign Envelope ID: 19787176-2HE-8313F-82E6-1 F2137E311 D53 continue to conduct and maintain haying operations, irrigation infrastructure, water rights and other similar activities. Prohibited within the Wildlife Area shall be any expansion of haying operations, development of agricultural buildings, cattle operations, or excavation/land tiling or removal of sagebrush unless necessary for drainage or other land management best practices. Not prohibited within the Wildlife Area shall be the continued use of accessways by haying equipment or other vehicles in connection with haying operations or routine land management and the use of various existing trails within the Wildlife Area by Owner and Owner's guests for pedestrian or equestrian use. Owner and the City will also agree to mutually amend the Agricultural Easement or alternatively record an additional Easement that encumbers the Property to implement this wildlife protection. The City agrees to consider and staff agrees to support this request in conjunction with review of the Development Plan. 2. City Review Procedure Schedule The land use application procedure set forth in Part 300 of the LUC shall apply to this Development Plan approval. For purposes of the land use process the application shall be deemed a Consolidated Application consistent with Section 26.304.030. The primary land use reviews shall be related to the designation of the historic resources and an amendment to the Planned Development to include all necessary elements of this agreement. The City agrees to expedite its review of the Development Plan and to prioritize scheduling and hearing dates with review bodies. The general order of procedure shall be as follows: i. Upon execution by the Parties of this Agreement, Owner, shall at its own cost, prepare a land use application to seek the approvals required for the Development Plan. Owner shall also pay all application fees due at submittal. ii. The application shall include authorization from the HOA to pursue the land use application. iii. Upon receipt of Owner's land use application, the City's Community Development Department shall review the land use application for compliance with the LUC. If the City's Community Development Department identifies any defects in the application, the application will not be processed until such defects are cured. iv. After the land use application is deemed complete by the Community Development Director, the City shall cause the application to be processed in accordance with the LUC, including ensuring all noticing IN Docusign Envelope ID: 197137176-2HE-8313F-82E6-1 F267E311 D53 requirements are met. The following hearings shall be required before an Ordinance is presented for approval by City Council at a public hearing: 1. A public hearing before the HPC for purposes of receiving recommendations and approvals as follows: a. The HPC shall be a recommending body for purposes of the voluntary designation application and the amendments to the PUD. b. The HPC shall evaluate the application and may recommend approval, disapproval or continuance of the application to request additional information necessary to make a decision. HPC's recommendations shall be forwarded to City Council but shall not be binding upon the Council. v. A hearing shall be set for first reading of the Ordinance approving the Development Plan before City Council after the hearing before HPC. vi. A public hearing shall be scheduled before City Council for the following approvals. Designation of Historic Properties (26.415.030), Planned Development, Major Amendment (26.445.110.f); and related reviews. The final decision -making body shall be City Council pursuant to Sections 26.445.040. vii. The LUC shall govern the process, including noticing, standards of review, and form of decision. Vlll. Upon the granting of all requisite land use approval by City Council, evidenced by the adoption of an appropriate ordinance that is consistent with the Development Plan, the City shall work with Owner to record all necessary documents required for the easements and to make any necessary amendments to the PUD Agreement to reflect aspects of this agreement and the Land Use approvals. 3. Contingencies and Required Approvals. Notwithstanding the approval of this Agreement by City Council evidenced by a Resolution authorizing the City Manager to execute this Agreement, nothing herein shall be deemed a waiver of the applicable provisions of the LUC or limit the decision -making body's jurisdiction. The decision -making body, in its sole discretion, has the authority to approve, disapprove, approve with conditions, or continue any hearing at which the Development Plan is considered. City Council shall be the decision -making body pursuant to Sections 26.415.030 (Designation of Historic Structures), 26.445.040 Docusign Envelope ID: 197B717&2F7&83BF-82E&1 F2137E311 D53 (Amendment to PUD), and 26.535.070 (Establishing of TDRs). Nothing herein shall limit the authority of the City of Aspen Historic Preservation Commissions authority over the treatment of the Designated Site or Contributing Resource.In addition, Council has the sole discretion to accept the easements contemplated by the Development Plan. No assurances by the City or its staff have been made that City Council must or will approve of any matter set forth herein. 4. Owner's Obligations. Owner agrees to promptly prepare and submit the land use application described in Section 1 above (the "Required Application") and work in good faith with the City in pursuit of approval of the Development Plan, 5. Termination. In the event Owner is unable, after good faith efforts, to obtain the approvals described herein, this Agreement and all terms and conditions set forth herein shall be deemed void ab initio. If Owner has not submitted the Required Application within 1 year from the date of this Agreement, the City shall have the right to terminate this Agreement by delivering written notice to Owner, which termination shall be effective thirty (30) days' after the City's notice to Owner unless Owner submits the Required Application prior to expiration of such 30-day period. If the Required Application is approved, Owner must work in good faith to facilitate any remaining procedural requirements to effectuate the terms of the Development Plan. If the City terminates this Agreement pursuant to this Section, neither party shall have any further rights or obligations pursuant to this Agreement. Owner may terminate this Agreement by withdrawing the Required Application prior to approval by the City Council. If Owner terminates this Agreement pursuant to this Section, neither party shall have any further rights or obligations pursuant to this Agreement. 6. Reservation of Rights. Nothing in this Agreement shall be deemed to waive any rights or claim the Parties may have against each other relating to the Property or the improvements thereon, all of which are reserved by the Parties. 7. No Third -Party Beneficiaries. It is expressly understood and agreed that the enforcement of the terms and conditions of this Agreement, and all rights of action relating to enforcement, shall be strictly reserved to the City and Owner and nothing contained in this Agreement shall give or allow any such claim or right of action any third person on such Agreement. 8. Additional Documents or Action. The Parties agree to execute any additional documents or take any additional action that is necessary to carry out this Agreement. 12 Docusign Envelope ID: 197B7176-2F7E-83BF-82E6-1 F2B7E311 D53 9. Governmental Immunity. The Parties hereto understand and agree that the City is relying on, and does not waive, or intend to waive by any provision of this MOA any rights, immunities, and protections provided by law, including but not limited to, the Colorado Governmental Immunity Act, Sections 24-10-101, et seq., C.R.S., as from time to time amended, or otherwise available to the City, its officers, or its employees. 10. Coordination Between the Parties. Each Party names the following individuals) as the Party's representative(s) for purposes of communications related to the transactions contemplated by this MOA: The City's Representative(s): Owner's Representative(s): Thomas Slatkin Email: tslatkinkedwardthomasco.com 11766 Wilshire Blvd., 9th Floor Los Angeles CA 90025 (310) 859-9366 xl 19 Chris Bendon Email: chrism, endonadams.com B endonAdams 300 S. Spring St., #202 Aspen, CO 816l l (970) 925-2855 Chris Bryan Email: cb.1 a K� 6u.L i%Wh %cht.com Chris LaCroix Email: clacroixn,Lyarfieldhecht.com Garfield &Hecht, P.C. 625 E. Hyman Ave., Ste. 201 Aspen, CO 81611 (970) 9254936 11. Notices. Any notice, request, or other communication (collectively, a "Notice") required or permitted under this MOA must be in writing and either delivered personally or sent by certified mail, Return Receipt Requested, postage prepaid, or a next day delivery service to the above addresses specified in Section 10 to each party's designated Representative(s). A notice delivered personally will be deemed given only when acknowledged in writing by the person to whom it is delivered. A notice that is sent by mail will be deemed given three (3) business days after it is 13 Docusign Envelope ID: 197B717&2F7E-83BF-82E&1 F2B7E311 D53 mailed. A notice by email will be deemed delivered when sent so long as not returned undeliverable. 12. Authority. The Parties represent and warrant that they possess the sole and full authority to enter into this MOA. Owner warrants that it has taken all actions required by its procedures, governing documents, and/or applicable law to exercise that authority and to lawfully authorize its undersigned signatory to execute this MOA and to bind Owner to its terms. Likewise, the City warrants that it has taken all actions required by its procedures, and/or applicable law to exercise that authority and to lawfully authorize its undersigned signatory to execute this MOA and bind the City to its terms. 13. Amendment. This MOA constitutes the complete and exclusive statement of the agreements among the Parties. It supersedes all prior written and oral statements, agreements or understandings including any prior representation, statement, condition, or warranty. Except as expressly provided otherwise herein, this MOA may not be amended without the written consent of the City and Owner. 14. Seyerability. Each provision of this MOA shall be considered separable; and if, for any reason, any provision or provisions herein are determined to be invalid and contrary to any existing or future law, such invalidity shall not impair the operation of or affect those portions of this MOA which are valid. 15. Binding Agreement; Runs with Land. Subject to the limitations contained herein, this MOA is binding upon, and inures to the benefit of, the parties hereto and their respective successors and assigns. The provisions of this MOA that pertain to the Property are appurtenant to the Property and run with the land. 16. No Waiver. Failure of a Party hereto to exercise any right hereunder shall not be deemed to be a waiver of such right and shall not affect the right of such Party to exercise at some future time said right or any other right it may have. 17. Governing Law, Venue, Attorney Fees. This MOA and the rights and obligations of the Parties hereunder shall be governed by and construed in accordance with the laws of the State of Colorado. Any suit involving any dispute or matter arising under this MOA may only be brought in Pitkin County, Colorado District Court. The parties hereby consent to the exercise of jurisdiction by such court with respect to any such proceeding. In any dispute the substantially prevailing party will be entitled to an award of attorney's fees and costs including expert fees and costs. 18. Counterparts. This MOA may be executed simultaneously in two counterparts each of which shall be deemed an original, and both of which, when taken together, constitute one and the same document. The signature of any party to any counterpart shall be deemed a signature to, and may be appended to, any other counterpart. All photocopy, facsimile and electronic signatures will be binding and deemed as effective and binding as original signatures. Mom! Docusign Envelope ID: 19713717&2HE-836F-82E&l F2137E311 D53 Executed the date first written above, by: OWNER: TS Bar X, LLC, a Colorado limited liability company By: WJJ!Z!' Vo". Thomas Slatkin, Manager THE CITY: City of Aspen, Colorado Signed by: By: puv a oaae... Print Name: Pete Strecker Title: City Manager Attachments: Exhibit A - Illustrative maps and photos. This exhibit shows areas of various designations which are for illustrative purposes and are conceptual in nature. Final boundaries of these areas will be finalized during the land use review process. 15 Docusign Envelope ID: 19713717&2HE-83BF-82E6-1 F2137E311 D53 Exhibit "A" r! Area of heightened vaIld ife, protection . AgriculturOl easement area Developme.i� envelope wren Area added to development envelope :> - -' Farmhouse, barn, garage E3 South garage to be demolish ed Cr% t jomw lit tea'1 H 1 Parcel s - wF • r H2 Parce I ti LOTS ----- L'JT `. w�q V � E z w m w O w z w w Q U d Q w re �I �� t l� l l S I I! 1 I It I I !� I I ,� 1 1 � I I S I I= I I �� I I !W� I I >•� I I rlc I I �4 M N O J w w d U Q 4zt W l0 Ol c u Q W - z � w z a. zo z_w CLJ zw m w w o_ H Q z U O n- c� co LU ti m. N LL (D LU LL m co ID LU ti LL N co ti m ti O a O N C LU c U O 0 I dos I I I �� 11 1 1 1 1 >♦ I l l l l l i O _ W W U U Q Q �7 p[ L LJ Q � � 0 1 S � F- W m O w �--> m 1 P .. Ijirnisi I� ii r„s—��• — .4*BA 4i rn U w V � Z � Q � Q i 11 �Ila II1�11�11 �I Ja111.11S11a11�L1rrfII=11a11=11=11✓•11 rt11rt 11 �Ilrt It=Il=Ila t'jNw-1�� -•- - +c : 4s r r r J E--C1i � W � J W U) d LU LJ LU d � d cc 1 1 1 1 la il��Is1 �•Ir I f ,,.rots o,aIo r` 3 �ys�to t to to to -or a Its 0 to to 0 too OF a� is 0 •. •�; ► j S 1.1.1 66r •�� It 4 1 It �• 1 t• r la'jLgt + 1r I +�- ( ° • `, 1 Zlt t .,F x i ` a • .. IN 4 410 is to tos So ;or to Not. 4 Pet A to • ( •' oI 4 ;, K _ i t ; -tCrAlL to to to c ato rtooi y �. IF b f No totool .� •;i 4115 l / ! �1 O J W Z LLJ W W (� � Q �n V W N Q C 00 Q m qct W O U. .r J � G J lJ z Z Z i JL _m a l 41, \i �J 1� 't'd i i . Docusign Envelope ID: 197B717&2F7E-83BF-82E6-1 F2B7E311 D53 Exhibit "-b i 1 ' �'.it :! f to 17