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HomeMy WebLinkAboutcoa.lu.co.Cooper Apartments 410 S West End St.A052-982737-182-91006 Wo J." A52-98 Cooper Apartments-Condominiumization C • CASE NUMBER PARCEL ID # CASE NAME PROJECT ADDRESS PLANNER CASE TYPE OWNER/APPLICANT REPRESENTATIVE DATE OF FINAL ACTION CITY COUNCIL ACTION PZ ACTION ADMIN ACTION BOA ACTION DATE CLOSED BY A052-98 2737-182-91006 Cooper Apartments Condominiumization 410 S. West End Street Bob Nevins Condom iniumization Eugene Law Eugene Law Plat Recorded 12/27/01 J. Lindt 0 EL ID:12737-182-91006 1 6/26/98 1®1 I IA052-98 CASE NAME]Cooper Apartments Condominiumization J�Bob Nevins PROJ ADDR: 410 S. West End Street CASE TYP:' Condominiumization STEPS: OWN/APP:1 Eugene Law ADR 0767 Mountain Laurel C/S/Z: jAspen, CO 81611 PHN:' 925-6129 REP: Eugene Law ADR: C/S/Z: PHN FEES DUE: FEES RCVD: STAT: f REFERRALS REV BODY PH REMAR DATE OF FINAL ACTION: CITY COUNCIL:' PZ: CLOSED: 12/27/01 BY: J. Lindt BOA. DRAC:' PLAT SUBMITD:��� PLAT (BK,PG): (48, 6-7) ADMIN: Plat Recorded �� TRANSMITTAL MEMORANDUM To: David McBride, PLS, & Eugene Law, Owner (by U.S. Mail) Thru: 1,-13ob Nevins, Long Range Planner From: Ross C. Soderstrom, Project Engineer^rj Date: July 31, 1998 Re: Cooper Apartments Condominiums Plat Physical Address: 410 S. West End Street, Aspen, CO 81611 Parcel No(s).: N/A No. of Sheets in Plat/Map: 2 — 0 N ! y ! 7i St4E67 R E-n* AXeD FAQ 601Ee,71*5 These are the items remaining to be completed: Make corrections indicated on plat / map Set & flag survey monuments for field verification. Have representative / surveyor call me (920-5087) to schedule field verification after setting & flagging monuments. Include complete descriptions of all monuments found or set Provide basis of bearings, per State Board of Registration Policy Complete / correct legal description of parcel(s), easements, etc. including acreage to 1/1,000 Ac for entire development and each lot, parcel, outlot, tract, etc. Provide 100 Yr. Flood Plain delineation; flood study information and date; datum and reference benchmark identification and elevation Complete / correct legend and symbols ✓ Include attached notes to plat / map Revise certificates / signature blocks as indicated Depict easements with dimensions and recording information Complete right-of-way information: dimensions r/ Other: o0,057" rArb ZZ) RNA `iN6 AMACE5 ArlWA -26 ✓5 , ST.A77 (o 10- 3M " UEy//C/6s / J6r7 6.6wne 7moy /¢ FT L.49 G " re ' a Re -submit copies of sheets of plat / map for review before preparing record copies for recording Submit two (2) complete final, record copies on mylar or velum for recording. Include check payable to Pitkin County Clerk & Recorder for the recording fees for one (1) complete copy of the plat / map (second copy remains in files of City Engineering Dept.). _ 8 1/2" x 11": agreements, etc. first page - $6.00, additional - pages $5.00 larger than 8" x 14" - plats: first sheet- $11.00, additional sheets - $10.00 larger than 8" x 14" - surveys: first & additional sheets - $20.00 each Other: verify with Pitkin County Clerk & Recorder for recording fee schedule DRCM 1998. DOC 0 • J U L 1 0 1998 July 9, 1998 COMMUNITY DE\'E40PMENT Mr. Eugene Law 0767 Mountain Laurel Drive Aspen, CO 81611 THE CITY OF ASPEN Subject: Assessment for Public Improvements Dear Mr. Law: In reviewing the condominium plat (draft) and associated agreements for the Cooper Apartments Condominiums, we have noticed that the agreement for condominiumization (Statement of Exemption from the Definition of Subdivision) recorded in Book 354, page 978, on September 18, 1978, includes a condition that this property will pay its proportionate share of the cost of public improvements along the East Cooper Avenue frontage when such improvements are made. In 1996 the City constructed curb, gutter and sidewalk along E. Cooper Avenue, without the formation of an improvement district, although this property was not assessed its proportionate share of the cost at that time. A copy of the Statement of Exemption is enclosed for your reference. We have calculated the proportionate share of the cost for these improvements to be S 6,401.83 for this property based upon the cost of the improvements and the width across the E. Cooper Avenue frontage of this property. This letter serves notice of assessment for these improvements and the full amount of the assessment is due in sixty days (60) after which time it will become a lien against the property. A check in payment of this amount, made out in the name of "City of Aspen" should be delivered to the City Engineer. The review, approval and recordation of the condominium plat will continue independent of the assessment for the public improvements. Very Truly Yo ,c �J Ross C. Soderstrom Project Engineer Attachments: Statement of Exemption from the Definition of Subdivision (Cooper Apartments Condominiums) Calculations for Cost of Frontage Improvements for Cooper Apartments Condominiums PC: Stan Clauson, Community Development Director, w/ attachments Nick Adeh, City Engineer, w/ attachments John Worcester, City Attorney, w/ attachments Tabatha Miller, Finance Director, w/o attachments w4o-b Nevins, Long Range Planner, w/ attachments 130 SOUTH GALENA STREET • ASPEN, COLORADO 81611 • PHONE 970.9205000 • FAx 970.920.5197 Pnnted on Receded paper 9 ' r:.corded at 2:1U P. t H, •`ccpri.n Su: •..l)i Z'i•- P 197R l.uretta Banner Rec�,rder mm354 m&F978 iTATEMENT OF rROM THE DEFINITION OF ;JBUIVISION WHEREAS, CLENN EUGENE LAW is tnc lwner of a parcel of land located in Pitkin County, Colorado, mor, particularly described as: Lots A and 9 Block 118 City and Towr.site of Asper. WHERE''J, t:ie applicant has a- existing fiveplex located on ;aid property, .and WHEREAS, applicant has requested an exemption from the definition of subdivision for �'-e purpose o'- subdividing the e::istinq fiveplex through condominiumization, and W�±EREAS, the Aspen Plum-i-ng and Zoning Commission, at its meeting :geld CL.� •• 1974 determined that 3n exemp- tion from the def-motion of subdivision is appropriate and recom- mended that t::e same be 3r,4ntAd, .and WHEREAS, the City Cou-icil determined that the ubdivtsion of the _xisting fiveplex through condominiunization is aot within, the intent and purpose of the .;ubdivision ordinance -set forth in Chapter 20 of the Aspen Municipal Code, THEREFORE, the City council of Aspen,-olorado does hereby. determine that the propnsed subdivislion f the five-':2x located on said property by its condominiums ation is not within the intents and purpose of the z:--bdivisi n ordinance and does, for such reason, arait an exemption from tie definition cf such action, PROr-Z:D, HOWEVER, that the roregoina exemption is condi- tioned upon compliance with the 13ptioninotice/right of first refusal/lease term/time to locat, other housing provisions LI Sec. '^-22 of the Municipal Code. PROVIDED, TURTHER, that the foregoing exemption is condi- tinned upon applicants agreeing to join in any improvement district for cOn!struction of street improvements (including curbs, gutters, sidewalks) on Cooper Street or to reimburse the Vity directly if it should choose to construct these improvements ViL.hout formation of such a district, and applicant's agreeing to join any improvement district faw ;ire drainage aar3 urde-_ ./ ;round at i 1 i ties i a¢rc .__%_ �� '� 10 or I, Kathryn S. Koch, do ter Jy certi�hat the foregoing Statement of Exenpticn from the C4 inition of Subdivision was considered and a!�proved by the Aspen City co-jrcil meeat its regular : ing held•-,.�� ,�G — i978 , at which time the j i �j rI 1' ;I • _ 3%954 mu979 Mayor, Stacy Standley I!I, was authorized to execute the same on behalf of the City of Aspen. xatf = noc'ii, City. Clerk J STATE OF COLOPADO ) '^ Ss. COUNTY OF PITKIN ) �he foregoing war, acknowledged before me this /SS day of 1978 by Stacy Standley III ana Kathryn S. Kochi, personally Known to me to be the Mayor and City Clerk, respectively, of the City of ?aspen. Witness my hand ana official seal. Hy commission expires: i_ C. ; ic c � Notary Pub • r� r -z- • THE CITY OF ASPEN PUBLIC WORKS & ENGINEERING (! ,t- 5L ZUC71-10 =05 SHEET NO. OF CALCULATED 8Y l�J UC 1� a +1 M A DATE 7 — CHECKED 8Y DATE cent F 0 ad. 04 m ? T�s N A Dv ErtTmis ,l c-D .................. . PRM,CT Z04-1 ,s," ]tlmI 2y, i IPd00tl1(_/d)m. foEl Elm 01471 To GMRgNE rDI1 OFF 1 �BOo-736180 • LJ XI `�I. a iY W �l flu [G :7_ " Illlu l To: David McBride, PLS, (for applicant) Thru: &4ob Nevins, Long Range Planner From: Ross C. Soderstrom, Project Engineer A0 Date: July 1, 1998 Re: Cooper Apartments Condominiums Plat Physical Address: 410 S. West End Street, Aspen, CO 81611 Parcel No(s).: N/A No. of Sheets in Plat/Map: 2 These are the items remaining to be completed: ✓ Make corrections indicated on plat / map J U L 1 0 1998 harts', i . . COMMUNITY DEVELOPMENT Set & flag survey monuments for field verification. Have representative / surveyor call me (920-5087) to schedule field verification after setting & flagging monuments. Include complete descriptions of all monuments found or set Provide basis of bearings, per State Board of Registration Policy Complete / correct legal description ofparcel(s), easements, etc. including acreage to 1/1,000 Ac for entire development and each lot, parcel, outlot, tract, etc. Provide 100 Yr. Flood Plain delineation; flood study information and date; datum and reference benchmark identification and elevation Complete / correct legend and symbols f✓ Include attached notes to plat / map Revise certificates / signature blocks as indicated Depict easements with dimensions and recording information Complete right-of-way information: dimensions Re -submit (___) copies of sheets of plat / map for review before preparing record copies for recording Submit two (2) complete final, record copies on mylar or velum for recording. Include check payable to Pitkin County Clerk & Recorder for the recording fees for one (1) complete copy of the plat / map (second copy remains in files of City Engineering Dept.). _ 8 1/2" x 11": agreements, etc. first page - $6.00, additional - pages $5.00 larger than 8" x 14" - plats: first sheet - $11.00, additional sheets - $10.00 larger than 8" x 14" - surveys: first & additional sheets - $20.00 each Other: verify with Pitkin County Clerk & Recorder for recording fee schedule DRCM 1998.DOC '.�t. ' 97 mwi'09 ` 48[ CONDO IINIUM . r�CLARA'.ION FOR SILVIA $AY11 PITKih CNTT RECORNA C';OPER APARTMENTS CONDOMINIUMS JUL ZJ 10 53 AN'89 KNOW ALL MEN BY THESE PRESENTS: WHE-EAS, Glenn Eugene Law, hereinafter called "Declarant", I is the owner of the real property described on the attached Exhibit "A", which by this reference is made a part hereof; and WHEREAS, Declarant desi.es to establish a condominium project under the Condominium Ownership Act of the State of Colorado; and i WHEREAS, Declarant does hereby establish a plan for the ownership in fee simple of t2je real property estates consisting of the area or space contained in each of the air space units in the building improvements anc3 the co -ownership by the individual and separate owners thereof, as tenants in common, of all of the remaining property, which prosperty is hereinafter defined end referred to as the general common elements; NOW, THEREFORE, Declarant does hereby publish and declare that the following terms, coaenants, conditions, easements, re- strictions, uses, limitations and obligations shall be deemed to run with the land, shall be at burden and a benefit to Declarant, its successors and assigns, amd any persons acquiring or owning an interest in the real property and improvements, their grantees, successors, heirs, executors„ administrators, devisees or assigns. 1. Definitions, unless the context shall expressly provide otherwise: (a) 'Unit' means am individual air space which is contained within the perimeter walls, floors, ceilings, windows and doors of each unit as shown an the Condominium Map to be filed for record, together with alfl fixtures and improvements therein contained but not including amy of the structural components of the building, if any, located within the unit. (b) 'Condominium mnit' means the fee simple interest and title in and to a unit together with the undivided interest in the general common elements and the appurtenant limited common I elements thereto. (c) 'Owner' means a person, persons, firs, corporation,: partnership, association -.w other legal entity, or any mmbinatian thereof, :&o or+,m(s) as iat3-_rest is _-�ne cr acre condosiais: :nits- ( d ) 'General ===cy_- elements' ins and includes the land described in Exhibit "A"; the structural components of the building; the balconies and parking spaces; and all other parts of such land and the improvements thereon necessary or convenient to its existence, maintenance ans7 safety which are normally and reasonably in common use, including the, air above such land, all of which shall be owned, as tenants in common, by the owners of the separate units, each owne-r of a unit having an undivided percentage or fractional interest in such general common elements as is provided hereinafter. wex Elf (e) 'Limited common elements' means those parts of the general common elements which are either limited to and reser-: ved for the exclusive use of an owns of a condominium unit or are limited to and reserved for the con:.tion use of more than one but fewer than all of the condominium unit owners. i (f) 'Condominium project' means all of the land and improvements initially submittr-i by this Declaration and sub- sequently submitted as may be provided hereinafter. (g) 'Common expenses' means and includes expenses for i maintenance, repair, operation, management and administration; expenses declared cc ,nmon expenses by the provisions of this �^ Declaration and ..e By -Laws of the Condominium Associ;ition; and all sums lawf iy assessed against the general common elements' by the Bo-�a of Directors of the Association. (h) 'Association of unit owners' or 'Association' i means the Association formed as a Colorado not -for -profit corpora-! tion bearing the name Cooper Apartments Condominil...: Association,>' - Inc., the Certificate of Incorporation and By -Laws of which shall govern the administration of this condominium property, the members of which Association shall be all of the owners of the condominium units. (i) 'Building' means a single building containing units as shown on the mao. - (j) 'Map,' 'Condominium Map' or 'Supplemental Map' means and includes the engineering survey of the land depicting and locating thereon all of the improvements, the floor and elevation plans and any other drawing or diagrammitic plan` depicting a part of or all of the improvements r_.,,; land. I( 2. Map. The Map may be filed for record in whole or in iparts or sections, from time to time, as the stages of construc- tion of the units and other improvements are substantially com- pleted. Each section of the slap shall be termed a Supplement to such Map and the numerical sequence of such supplements shall be j shown thereon. The Map or any part or section thereof depicting units shall not be filed for record until the building in which the units are located has been substantially completed in or''er to permit the location thereof, both horizontally and vertically. i Each such Map shall be filed for record prior to the conveyance of a condor-.:aium unit to a purchaser. Each such map shall depict and show at least the following The legal description of the land ands a survey thereof; the location of the building(s); the floor and i elevation plans; the location of the unit within the building, both horizontally and vertically, the thickness of the common walls between or separatinq the units; the location of any structura components or su rtin a emen s of a building located within a _unit; and the unit designations and the building symbol- Map shall contain the certificate of a registered professional or licensed architect ar both, aertifyimq that the leap snbstant ally depicts the locstia w sad he jcmrizm jt and :.rrt_jcal of the TM -1 ts. Ybz elv va r as ref ttNe mif rnis ed i' no -s and —3i2s= as ram~-T-Mct-'ed, the builder sy 1 , and teat sash !tap w.&s prepar-ed s'bse41wnt tD substant -ad _=mpletion of the i7sprovements _ Each supplemental and/or any amendment shall set forth a like -certifi- cate when appropriate. In interpreting the Map the existing physi- cal boundaries of each separate unit as constructed shall be -2- MEMORANDUM TO: City Engineering FROM: Bob Nevins, Community Development RE: Cooper Apartment Condominiums Condominiumization-Plat Map Review DATE: 26 June 1996 APPLICANT: Gene Law, 925-6129 BACKGROUND: In 1978 Eugene Law, applicant, received an Exemption from Subdivision to condominiumize the existing 5-unit Cooper Apartments. City Council approved the exemption on 15 September 1978 and it was recorded on 18 September 1978 (see attachments). According to the plat notes (Owner's Certificate), the condominium declarations were recorded on 20 July 1989 with Pitkin County Clerk and Recorder. However, the actual condominium plats are not on file. In discussing the matter with Mr. Law, I have requested that he re -submit the plats (2 sheets) for review and recordation. PROCESS: Condominiumization is a staff review. It is a flat fee of $245.00 with a City Engineering referral fee of $110.00. The total fee is $355.00. Attached are the blueprints of the two sheets for Engineering Review. Based on Engineering's review, mylars of final plats will be submitted for signature and recording. Also, I need blueprints of the final plats to close the job file. If there are any questions or concerns, please contact me at Extension 5102 or the applicant, Gene Law at 925-6129. • MY• �: .r I e• 00.=010 a) P=ject rj=mtj=j ; eT�" fi fi �F FI—JcK ( r 8 C / rY + 7-0 VyNO %,5 ( �D �(-bvr�) W S'1— b%NJw ifzEET'. �S�' -Tip (indicate s-t-iaeEt adds, lot & b1CCk ate, legal ¢iptim wbere i-ate) 3) Present Zoning �-P-- 1 F`- 4) lot Size &/000 vr'� 5) A,1 jenmt'S Name, Address & # E-V r-,,-& Nb OU-7 lIIovNT?ON- L,6-L-e�R-(vt:7,,ASfr,-,7w,Cd 81or1. !25-&�Z� 6) IRT_ ve's mme, Ackbm S a 2Xm # L-(I-VV (Sv�V�ydlz S�F s�%�ycy E/etJ� s, �� s - 3F1 Con itirn3i Use 8040 Gr eeri i ne Final ai sty Del. rctSpl± ,/Tct. Lune _ GMS Emmot4m Adjustment 8) Descri� of Existing IIseS 77,��CLi.,,,��ser and type of Ong mite e sq- ft. ; number of �drc any previ cus approvals s to the - V(VI , P,�4 rsr7Nr-) 9) of Dmel 9 61?7l I SSl oN °r= C'oNOONI I N1 vM R fry Pt c-P15 W"),g IYS 7 �H T �/� F i t�G F� o M 1 l 7" /CoNl�o 7��c L !� J� 71 b NS r-r- oM MI ASPEN/MIGN CON 4UNITY DEVELOPMENT DEPARTMENT Agreement for Payment of City of Aspen Development Application Fees (Please Print Clearly) CITY OF -ASPEN CITY) and F4k 6- �� L�W (hereinafter APPLICAAGREE AS FOLLOWS: 1. APPLIC.-IuNT has submitted to CITY an application for aO 90/Y11 Nf U%V) 0A 77 aI/ 6F CIODEEL / Pr-) K -rn CNT�' rhereinatler, TIE PROJECT). 2. APPLICAINT uncle staads and agrees that City of aspen Ordinance No. 43 (Series of 1996) establishes a fee structure ror land use applications and the vavment of all processing fees is a condition precedent to a deterrmination or appiicarion completeness. 3. APPLIC.kvT and CIT'.' agree that because of the size. aanze or scope of the oroposed project. it is not possible at this time to ascertain the roil extent of the costs invoived in processing the application. APPLICANT and CITY further agree that it is in the interest of the oases to allow APPLIC.�vT to make navment of an initial deposit and to thereafter permit additional costs to be billed to APPLICAl,T' on a monthly basis..�?PLIC�TI agrees he will be bene3ted by retaining greater cash 'liquidity and will make additional payments upon notincation by the C: i when thev are necessary as costs are incurred. CIT`: agrees it will be benefited through the zreater ce-.ainry or recovering its toll costs to process PIDLICAN7S application. 4. CTy and APPLICA-NT further agree that it is impracticable for CITY staff to compiete processing or present sufficient information to the Planning Commission and/or City Council to enable the Planning Commission and/or City Council to make legally required findings for project approval. unless current billings are paid in full prior to decision. ihererore. �PPL IC -.NT agrees that in consideration of he CITY's waiver of its right to collect full fees prior to a determination of application completeness. VPLICANT shall pay an initial deposit in the amount of S?'�—which is for hd of Planning staff time, and if actual recorded costs exceed the initial deposit. VPLIC.-N1'I' shall pay additional monthly billings to CITY to reimburse the CITY for the processing of the application mentioned above, including. post approval review. Such periodic payments shall be made within 30 days of the billing date. APPLICAINT further agrees that failure to pay such accrued costs shall be grounds for suspension of processing. CITY OF ASPEN APPLICAINT Community Development Director City of Aspen Signature: Date: Printed dame: Nlailing Address: AmcHMENT1 City of Aspen Development Application Fee Policy The City of :aspen. pursuant to Ordinance 43 (Series of 1996), has established a fee structure for the processing of land use appicanons. A flat fee or deposit is collected for land use applications based on the type of application submitted. Referral fees for other City departments reviewing the application will also be collected when necessary. One check including the deposit for Planning and referral agency fees must be submitted with each land use application. made payable to the AspetvPitkin Community Deveiopment Department. Applications will not be accep_ ted for processing without the required application zee. _a flat fee is collected by Planing, or Staff Approvals which normally twice a :minimal and predictable amount or staff time to process. The fee is not refundabie. A deposit is collected by Planning when more t.aensive staff review is required- as hours are '.ikeiv to vary substantially from one application to anther. Actual staff -=e scent will be c:.7amed against the deposit. .biter he deposit has been expended, the appiicant will be oiiled monthiv based on actual starfhours. Current biilin?s must be paid within 10 ways or processing or the 3DDllcatioII will be suspended. If an appiicant has =-,Aously failed to pay armncation fees as reuuire^,i_ no ;few or additional applications will be accepted for processing until the outstanding fees are paid- In no case will Building Permits be issued until ail costs associated with case processing have been paid. Alter the deal action on the project any remaining balance from the deposit , 11 be refunded to the applicant. Applications which require a deposit must include an Asreement =or Payment of Deveio m n Armiication Fees. The .agreement establishes the applicant as being responsible for pavment of all costs associated with processing the application. The :agreement must be signed by the party responsible for payment and submitted with the application in order for it to be accepted The complete fee schedule for land use applications is available at the Community Development Department. Recorded at, 2:10 P.M. Sept 18, li • RFr.r!V 1978 Loretta Banner. Record Reccplton No: "O'e"Jeltg mo%354 r.u1978 JUN 19 19p STATEMENT OF EXEMPTION ASPEr. COMMUNIT'YDE..'FROM THE DEFINITION OF SUBDIVISION WHEREAS, GLENN EUGENE LAW is the owner of a parcel of land located in Pitkin County, Colorado, more particularly described i as: Lots A and B Block 118 City and Townsite of Aspen WHEREAS, the applicant has an existing fiveplex located on said property, and WHEREAS, applicant has requested an exemption from the definition of subdivision for the purpose of subdividing the existing fiveplex through condominiumization, and WHEREAS, the Aspen Planning and meeting held l 9r 1978, tion from the detirfttion of subdivision mended that the same be granted, and Zoning Commission, at its determined that an exemp- is appropriate and recom-I WHEREAS, the City Council determined that the subdivision of the existing fiveplex through condominiumization is not within the intent and purpose of the subdivision ordinance set forth in i Chapter 20 of the Aspen Municipal Code, I THER EFORE, the City Council of Aspen, Colorado does hereby, determine that the proposed subdivision of the fiveplex located on said property by its condominiumization is not within the intents and purpose of the subdivision ordinance and does, for j such reason, grant an exemption from the definition of such action, PROVIDED, HOWEVER, that the foregoing exemption is condi- tioned upon compliance with the option/notice/right of first refusal/lease term/time to locate other housing provisions of Sec. 20-22 of the Municipal Code. PROVIDED, FURTHER, that the foregoing exemption is condi- tioned upon applicant's agreeing to join in any improvement district for construction of street improvements (including curbs, gutters, sidewalks) on Cooper Street or to reimburse the City directly if it should choose to construct these improvements$ without formation of such a district, and applicant's agreeing to join any improvement district fore drainage and under- ground utilities improvements. Date: Stay S t a n q� ey_ III, or I, Kathryn S. Koch, do her y certifj�hat the foregoing Statement of Exemption from the D i.nition of Subdivision was considered and a proved by the Aspen City Council at its regular meeting held aP 1978, at which time the M :7 • NAM mal.9w Mayor, Stacy Standley III, was authorized to execute the same on behalf of the City of Aspen. Kathryn S Koch, City. Cld,rk STATE OF COLORADO ss. COUNTY OF PITKIN he foregoing was acknowledged before me this day of 4ieu 1978 by Stacy Standley III and Kathryn S. Koch, personall, known to me to be the Mayor and City Clerk, respectively, of the City of Aspen. Witness my hand and official seal. 'rr•, My commission expires: t4�f / Notary Public y rrrrlrrr •n�U' -2- Recorded 11:35 A.M. Oct 26, 1978 Loretta Banner Recorder 0 Reception No:2 85 89 0 i �44�J JUN 1 9 1998 AGREEMENT s,1%357 mf 11C. I COMMUNITY DEVELOPMENT GLENN EUGENE LAW, for himself, his heirs, executors, jadministrators, and assigns hereby covenants with the City of Aspen, Pitkin County, Colorado, that: 1. Glenn Eugene Law (hereinafter "Law") is the lowner of the following described property together with the improvements thereon: Lots A and B Block 69 City and Townsite of Aspen Pitkin County, Colorado and Lots A and B Block 118 City and Townsite of Aspen Pitkin County, Colorado 2. The above -described property shall be restrict Ito six (6) months minimum leases with no more than two (2) shorter (tenancies in any calendar year. 3. At the time the property is offered for sale, in whole or in part, those tenants residing in the above -described property on September 15, 1978 who still reside in the property at the time the property is so offered shall be given notice of such offer together with the offered price. Each such tenant shall have a ninety -day non -assignable option to purchase the portion of the property he has under lease at the price stated in the offer of sale. 4. At the time a bona fide offer to purchase is made and accepted, those tenants residing in the above -described property on September 15, 1978 who still reside in the property at this time shall have a ninety -day exclusive non -assignable right of first refusal to purchase the portion of the property which they each have under lease. In the event that such offer is made while the ninety -day option is still in effect, such tenant may purchase the unit for the amount of the bona fide offer or ...._..�� -._.. ............ .. 64 offered price, whichever is less. 5. It shall be adequate proof of satisfaction of the foregoing two paragraphs if a statement executed by an official of the City of Aspen is filed that the option/right of first refusal provisions have been met. 6. In the event that any improvement or improvements required by Section 20-16 of the Code of the City of Aspen become, in the sole judgment or discretion of the City Council of the City of Aspen, necessary or desirable, no objection will be made to any special assessment or special tax or proceeding therefor, on the basis that the property is adequately served by existing improvements, nor on the basis that the premises will not be served or benefitted by the improvement or improvements proposed. 7. The covenants contained herein with respect to minimum lease terms (paragraph 2) are to run with the land and shall be binding on all parties and all persons claiming under them for a period of twenty (20) years from the date these covenant are recorded, after which time said covenants shall be automati- cally extended for successive periods of ten (10) years, unless an instrument signed by the City of Aspen and the then record owners of the property has been recorded, agreeing to change said coven- ants in whole or in part or agreeing to release said covenants. IN WITNESSS WHEREOF, this Agreement has been duly executed this Z6. day of 6r , 1978. i Glenn Eugene Law STATE OF COLORADO ) ) ss. COUNTY OF PITKIN ) The foregoing instrument was acknowledged before me this �4-=_day of October, 1978 by Glenn Eugene Law. Witness my hand and official seal. ?j•;:., tJ My commission expires: G co Notary Public -2-