HomeMy WebLinkAboutagenda.apz.20011113AGENDA
ASPEN PLANNING & ZONING COMMISSION
SPECIAL MEETING
TUESDAY, NOVEMBER 13, 2001
5:00 PM
PITKIN COUNTY LIBRARY MEETING ROOM
BASEMENT, 120 N. MILL STREET
I. COMMENTS
A. Commissioners
B. Planning Staff
C. Public
II. MINUTES C l r 2 t o 1
III. PLANNING AND ZONING COMMISSION PUBLIC HEARINGS
A. LOT 5, ASPEN MOUNTAIN PUD- SUBDIVISION,
CONDOMINIUMIZATION, TIMESHARE, CONDITIONAL
USE, MOUNTAIN VIEW PLANE REVIEW, SPECIAL
REVIEW, LAND USE CODE AMENDMENTS, GMQS
EXEMPTIONS, AND FINAL PUD DEVELOPMENT PLAN
REVIEW, Fred Jarman ,N T D --M
IV. ADJOURN
Notice: 11 /13
12/4 P/Z (4:30)
Notice: 11 /13
AMPUD Lot 5 (Grand Aspen) cont.
629 W. Smuggler -Landmark PH (Cont. from 8/21,
Code Amend. -Subdivision w/o GMQS (cont. from
135 W. Hopkins Avenue- landmark, PH
12/10 Council (5:00)
Notice: 11 /20
HP Code Amendments-2nd Reading -PH
State Rehab. Tax Credits for HP -consent reso.
135 W. Hopkins- landmark, first reading
Adoption of Historic Preservation Incentives
12/11 P/Z (4:30)
Notice: 11 /20
AMPUD Lot 5 (Grand Aspen) cont.
Miscellaneous Code Amendments -SO
Christmas Inn
Camp Special Review JL PH
12112 HPC
Notice: 11 /20
334 W. Hallam -Concept.
110 E. Bleeker- Conceptual
Christiania Final-FJ
950 Matchless- worksession
12/17 Council
Notice 11 /27
Christmas Inn 1st Reading-FJ
12/18 PZ- no meeting
12/19 HPC-no meeting
12/26 HPC-no meeting
1/9 HPC
Notice: 12/18
1/14/02 Council
Notice: 12/21-this is early!!! Due to holiday (Fri.)
135 W. Hopkins Avenue- landmark, 2nd reading
Christmas Inn 2nd Reading-PH-FJ
1 /15 P/Z & G MC 4:30
Chris' case -Name?
1/23 HPC
Notice: 12/31-this is early!!! Due to holiday (Mon.)
10/16, 11 /6 to 12/4)-AG
11 /6)
C:\home\attach\comingupmeetingsi2.doc 2
MEMORANDUM
TO: Planning and Zoning Commission
FROM: Julie Ann Woods, Comm ity Development Director`
Fred Jarman, Planner
DATE: November 13, 2001
RE: Resolution No. Series 2001 (Public Hearing)
Resolution No.;e Series of 2001 (Public Hearing)
➢ Aspen Mountain PUD--Final PUD Development Plan for Lot 5 (Grand Aspen
Site) and
➢ Text Land Use Code Amendments
SUMMARY: The owners of the Aspen Mountain PUD, represented by Vann Associates, are
requesting Final PUD Development Plan approval for Lot 5 of the Aspen Mountain PUD also
known as the former Grand Aspen Hotel site. Specific land use requests:
1) Final PUD Development Plan
2) Subdivision
3) Condominiumization
4) Timeshare
5) Conditional Use
6) Mountain View Plane
7) Special Review
8) Land Use Code Text Amendments
9) GMOS Exemptions
ZONING: L/TR PUD
LOT SIZE: 86,605 sq. ft.
EXISTING USE: Vacant lot
FAR: 115,000 sq. ft.
PROPOSED USE: 60 Multi -Family
Residential Units (51 free market units and 9 deed restricted affordable housing units)
OWNER: Grand Aspen Lodging, LLC c/o Four Peaks Development, LLC
REPRESENTATIVE: Vann Associates
STAFF RECOMMENDATION: Approval with Conditions
PROCESS:
Due to the sizable and complex nature of this application, Staff has scheduled a series of public
hearings with the Planning and Zoning Commission so that there is sufficient time for the
Applicant, the Commission, and Staff to discuss all the issues relative to this proposal.
Therefore, the following schedule will outline the dates of the public hearings and the topics to
be discussed. As indicated below, the proposed timeshare /fractional ownership plan and
associated text amendment to the Land Use Code will occur on November 20'.
➢ Presentation of Project
➢ Address physical Site Plan Issues such as unit
November 13, 2001 Public Hearing configuration, landscaping, vehicle and pedestrian
circulation, AH units, and amenities;
➢ Unit Conversion Text Amendment
December 4, 2001 Public Hearing ➢ Timeshare Request for Fractional Ownership
➢ Timeshare Text Amendment
December 11, 2001 Public Hearing ➢ Continued for other Issues
STAFF COMMENTS:
In this Final PUD proposal, the Applicant is proposing a multi -family structure containing 51 (1,
2, and 3-bedroom) free market residential units and 9 (1-bedroom) affordable housing units,
which closely resembles that of a traditional hotel. While there are 51 units proposed, there will
be a total of 130 rentable rooms as most of the units have one or two lock -off rooms.
Other specific amenities include a central lobby, a front desk for check -in, a concierge desk, a
bar and lounge, a pantry area from which to provide continental style food service, an exercise
room, public restrooms, a ski and bicycle storage area, and a small accessory commercial space.
In addition, two large landscaped areas will contain the structure's swimming pool and outdoor
function areas.
[Please note, while the Aspen Mountain PUD (AMPUD) includes Lot 3 (Top of Mill) and Lot
S (Grand Aspen Site), this public hearing and Staff analysis will focus only on Lot S. The
Final PUD Review of Lot 3 will occur separately at a later date.]
The following section in this memorandum will briefly discuss prior approvals and the present
proposal as indicated in the matrix below:
Conce teal PUD Approval Dec. 6, 1999 Resolution No. 111, Series of 1999
GMOS Amendment for Sept. 25, 2000 Ordinance No. 41, Series of 2000
credit conversions
Amendment to Conceptual May 29, 2001 Resolution No. 47, Series of 2001
PUD Approval
2
A. Conceptual PUD Proposal for Lot 5: The 150-Room Hotel
The PUD Agreement (Book 574, Page 828), states that "the Lot 5 component shall be comprised
of not more than 50 hotel Booms (with the aggregate number of hotel rooms on Lots I and 5 not
to -exceed 342), and no more than 47 residential units between Lots 3 and 5, the exact number of
such units to be established in the amended review process for Lot 5." While the number of
residential units proposed fell below the maximum allowed, the proposed development of Lot 5
contemplated 150 hotel rooms, exceeding the 50-unit Lot 5 limitation, and when combined with
the 279 units approved for Lot 1, also exceeded the overall limitation of 342 lodge units by 87
units. Savanah (owner at the time) intended to earn the right to develop the extra 100 units on
Lot 5 (and extra 87 in total) via the City's Tourist Accommodation GMQS Scoring and
Competition procedures, unless City Council agreed to allow Savanah to convert unused
residential credits to tourist accommodation allocations.
Savanah described the proposed facility as a 3.5-star, moderately priced, upscale hotel with a 4-
star restaurant. The primary mass of the proposed hotel would be located along the vacated
Dean Street. Dean Street would be converted into a limited passenger and valet parking drop-off
driveway (no longer a public access or through street) and landscaped pedestrian area, which
would link the St. Regis Hotel and Lot 5 with the Aspen Mountain Gondola Plaza and the Little
Nell Hotel. The rear portions of the structure would be recessed into the climbing grade of the
site, maintaining a uniform height from the Dean Street facade to the southernmost portions of
the building.
The main entrance to the hotel was to be located adjacent to the vacated Dean Street right-of-
way, with a secondary pedestrian entrance at the corner of Dean and S. Galena Streets. The
hotel's lobby and restaurant were designed to front on former Dean Street and the ice rink.
Street trees would be planted along both sides of vacated Dean Street as well as along the site's
S. Galena and S. Mill Street frontages. Plantings were to be provided along the site's southern
property line and within the two courtyard areas.
Of the 150 proposed hotel units, 132 were to be "standard" rooms and the remaining 18 units
were "suites." The standard rooms contained approximately 390 square feet of gross area each
while the average suite contained some 650 square feet. The suites were configured as studio
units with enlarged seating areas. The application explained that an "undetermined" amount of
hotel units would be configured with lock -off doors to allow for the possibility of two adjoining
units to function as a single suite.
The structure also contained 8 affordable housing units (4 studio and 4 one -bedroom units) on its
main level. The studio units contained a minimum of 400 square feet of net livable area while
the one -bedroom units contained at least 600 square feet of net livable area. In addition, the
proposed hotel contained roughly 8,000 square feet of meeting/conference space and
approximately 500 square feet of accessory commercial space. Savanah represented that the
kitchen and related support services were not intended or designed to accommodate large
conferences or banquets, and that the accessory commercial area was intended to accommodate
customary hotel support uses (i.e., newsstand, etc.) as opposed to larger retail operations.
3
Off-street parking was accommodated in a sub -grade garage accessed from S. Galena Street.
The garage would contain a total of 106 parking spaces, or approximately 0.7 spaces per
bedroom, limited storage areas, mechanical equipment, and stairways and elevators providing
access to the lobby. The delivery and service area for the hotel was located on the S. Mill Street
frontage and was covered by the building above as well as enclosed by an overhead door when
not in use. On ,Dean Street, the 9 existing parking spaces would be lost with the proposed design
of the vacated area. Savanah proposed to provide the replacement spaces within the sub -grade
garage, or in some other yet -to -be -determined but mutually acceptable location. Ultimately, the
Applicant received approval from City Council (via Resolution No. 111, Series of 1999) for the
Conceptual PUD described above.
B. Conversion of Residential Development Rights to Tourist Accommodation Allotments
In condition #2 of Resolution No. 11 1, Series of 1999, in which City Council granted Conceptual
PUD Approval to the Applicant, it required that the Applicant work with Staff to process a text
code amendment to GMQS which "will address the ability to convert residential credits to lodge
room allocations." In fact, this condition was met and a code amendment was processed (via
Ordinance No. 41, Series of 2000) which now allows the ,conversion of demolished residential
dwelling units to tourist accommodation units at a rate of 2.95 tourist accommodation units per
one (1) residential unit. This text amendment was required to allow Savannah to accommodate
the request for a 150-room hotel on Lot 5.
C. The Amendment to the Conceptual PUD for Lot 5
As mentioned above, the Applicant submitted and received Conceptual PUD approval for Lot 5
that requested land use approvals for a 150-room hotel. Subsequently, the Applicant amended
this Conceptual PUD approval to change this request from the hotel concept to a 51-unit
residential timeshare project, which included 9 affordable housing units. This amended
Conceptual PUD has been to the Planning and Zoning Commission and was ultimately approved
by City Council by a vote of 5 to 0.
[It should be noted, the Planning & Zoning Commission recommended against the approval of
the conceptual PUD amendment for Lot 5 by a vote of 1 to 4. At that hearing, the P&Z reiterated
that they were not necessarily against the project; they were hoping to add some conditions of
approval that might address some of their concerns.]
D. Site Plan Changes Due to PUD Amendment
As a result of the amended Conceptual PUD, no significant changes have been proposed to the
footprint, exterior architecture, or height of the structure. The sub -grade parking garage, pool
area, courtyard and guest drop-off are essentially the same, and the Floor Area of 115,000 s.f.
remains unchanged. Modifications will be made to the interior of the hotel and are indicated
schematically on the set of floor plans previously provided.
Other changes as a result of the amended Conceptual PUD include the following:
1) The reduction in "rooms" from 150 hotel rooms to 51 (1, 2, and 3-bedroom units) units
with each unit having one or two "lock off units" for a total of approximately 130 rooms;
2
2) The ,elimination of the "semi-public" accessory uses (restaurant and gift shop) located
along the Dean St. fagade;
3) The approved ramp to the sub -grade garage along Galena St. has been relocated to Dean
St. There will be two ramps that will allow entry and exit from the garage. As a result of
this relocation of the ramps on the north side of Dean St., more parking spaces are
available within the garage structure. The approved conceptual plan called for 106 spaces
while this revised plan contains 111 spaces (2 for each residential unit and 1 for each
affordable housing unit.) The garage ramps will encroach into the Silver Circle Lot,
slightly reducing the observation deck located along Dean St.;
4) The nine parking spaces reserved for skating patrons will be relocated along Galena St.
Please refer to the main level drawings of the proposed site plan; and
5) The proposal meets all the underlying zoning district's dimensional requirements with the
exception of height and lot area per unit density requirement for a multi -family structure
in the L/TR zone District. The Applicant has applied to vary these requirements under the
PUD process.
E. New Timeshare Request
[Please note, the following information regarding the timeshare request is provided in this
Memorandum for contemplation by the Commission; however, the timeshare topic will be
formally addressed at the December 4t' meeting, as indicated in the matrix above.]
As the proposal changed from the 150-room hotel to this 51 unit residential project, the land use
requests and required approvals have also changed to include a Conditional Use request for
Timeshare so that the Applicant can sell the units -using a fractional ownership scheme.
Timeshare is allowed as a conditional use in the L/TR zone district. The Applicant requests that
Lot 5 be developed as a "fractional ownership" project, which falls within the realm of
Timeshare. In order to accomplish this timeshare request, the Applicant has proposed two 2
text amendments to the Timeshare section of the Land Use Code.
1. Timeshare: Fractional Ownership Plan
The Applicant is proposing to market the 51 free market units in a fractional ownership scheme
where each of the units will be condominiumized and sold at a 1/20 interest. As such, an owner
will own one "fixed" week of the year and 10 "floating" days to be used throughout the year.
Ownership of a fractional interest will be "unit specific" and will allow the owners to occupy the
unit during a specific time. When not occupied by the owners during a "fixed" week, the unit
will be available through an exchange program or may be part of the rental pool and available to
the public on a nightly basis. (Please refer to Exhibit A, a supplement to the Application, for a
summary of the proposed fractional ownership scheme, which shows how ownership occurs
throughout the year.)
It should be noted the Applicant defines the "on -seasons" for winter season as a 10-week period
between December 15th — December 31 st to February 1 st to April 1 st and the summer season as
5
a Il 0-week period between July 1st and September 15th. The insert shows the "fixed" and "float"
weeks available during the year correlated to seasons.
While the timeshare concept has been around for many years in Aspen, fractional ownership is a
new concept for Aspen as well as many other resorts in Colorado. Staff has been exploring what
this new type of ownership means for Aspen's lodging bed base in terms of "hotbeds" or beds
available to the general public on a short-tenn basis. There are many issues yet to be fully
analyzed and /or realized, as the concept of fractional ownership is relatively new.
As these units are "owned," the City gains no "bed tax" from short-term visitors as compared to
a regular hotel; however, those owners that do visit may tend to spend more money indirectly in
Aspen due to the notion that they are not burdened by paying a nightly lodging fee (even though
they may already be doing that through mortgages). In addition, it appears that fractional fee
ownership programs tend to be successful by utilizing "exchange programs" where an owner of a
fractional share in Boca Raton may wish to exchange their time in Boca Raton for two weeks in
Aspen and vice versa. It is clear that G. A. Resort Condominiums will become a club resort in
the Hyatt Vacation Club system and therefore, owners can participate with other Hyatt club
resorts and with properties represented by Interchange International.
What does this mean for Aspen's "hotbeds?" It may mean that visitors driving into Aspen for the
night without reservations will increasingly have a difficult time in finding a lodge unit or hotel
room. However, given today's resort climate and the high end lodging units available, visitors
most likely have already planned their trip and reserved their rooms / units prior to arriving. This
is especially true due to the fact that Aspen is a "destination" resort rather than a "rubber -tire"
resort conveniently located on a major road between major points of travel where travelers may
simply pull off the road for a night's stay.
Also, as the fraction of the share increases (say from 1/7th share to 1/20th share ownership) in the
units, it appears more likely that .the units will function more like a traditional hotel rooms / units
with patrons coming and going more often than a traditional timeshare / condominium operation
where a family will stay in a unit for a prolonged period of time and may remain more consistent
with operability of a traditional hotel.
Staff s continued reservation regarding this type of ownership is that property ownership does not
transfer on a regular basis; therefore, the tax generated through the Real Estate Transfer Tax
(RETT) may not be a steady revenue source beyond the first three years of sales. The applicant's
financial analysis comparing fractional ownership to a hotel does not take into account any
transfers (after the initial sales) for ten years, which may be a good conservative approach to
take.
Financial Implications of Fractional Ownership
The City's existing timeshare ordinance, which was adopted in the early 1980's, does not address
potential long-term impacts of a fractional ownership project on the City's General Fund. The
City of Aspen's Finance Department has completed a study that indicates that the conversion of
applicant's previously proposed hotel project to a fractional ownership interest project will have a
long term financial impact upon the City's General Fund. The Applicant understands and
0
acknowledges this financial impact upon the City and desires to partially mitigate these financial
impacts upon the City treasury by offering a cash payment to the City in an amount between $4
and 5 million; the exact amount to be determined by the City Council and the applicant upon
further study and research.
2. Text Amendments to the Land Use Code
As mentioned above, in order for the Applicant's present proposal to work, the Applicant has
proposed two text amendments to the Timeshare and Growth Management Quota System
(GMQS) regulations of the Land Use Code (hereinafter "Code") to be reviewed concurrently
with the Final PUD Application. These amendments include 1) an amendment to the GMQS
section to permit the conversion of the PUD's remaining lodge reconstruction credits to
residential development rights and 2) an amendment to the Timeshare regulations to permit the
City Council to v_ ary the current Timeshare review standards in the Code. A discussion of these
amendments is as follows:
A. A text amendment to the GMQS regulations to permit the conversion of the PUD's
.remaining lodge reconstruction credits to residential development rights where the
following applies:
Currently, the Applicant has 50 lodge reconstruction credits, which were to be developed on Lot
5. This amendment would allow the Applicant to convert these lodge reconstruction credits to 17
residential development rights. The Applicant will then add these converted 17 residential
development rights to the already existing 34 residential development rights for a total of 51
residential development rights being proposed for Lot 5.
The Applicant received approval from City Council (Ord. No. 41, Series 2000) that allowed the
conversion of demolished residential dwelling units to tourist accommodation units at a rate of
2.95 tourist accommodation units per one (1) residential unit. This text amendment was required
to 'allow Savannah to accommodate the request for a 150-room hotel on Lot 5. This proposed
amendment would allow the conversion to occur either way between tourist accommodation
units and residential development rights such as the calculation shows below:
1 Dwelling Unit = 2.95 Lodge Units (Currently Available)
1 Lodge Unit = (1 Dwelling Unit _ 2.95 Lodge Units (Requested Amendment))
1 Lodge Unit = 0.34 Dwelling Units
Therefore, using the calculation above, the Applicant's request to convert the remaining 50 lodge
reconstruction credits to 17 residential development rights is as follows:
17 Dwelling Units = 50 Lodge Units
50 Lodge Units = (50 Dwelling Units _ 2.95 Lodge Units)
1 Lodge Unit = 0.34 Dwelling Units
W
B. An amendment to the Timeshare regulations to permit the City Council to vary the
current Timeshare review standards in the Land Use Code.
It is clear, the current Timeshare provisions in the Code, adopted in the early 1980s, were
effective in regulating various problems inherent to the timeshare industry at the time such as
marketing, disclosure practices, and other consumer protection issues. The Applicant contends
that these problems appear to be accounted for through current real estate practices and laws
enacted by the Colorado Revised Statutes but the Timeshare regulations in the Code have not
changed. The Applicant has proposed a fractional ownership scheme that conflicts somewhat
with the Timeshare regulations. As a result, the Applicant request that a text amendment be
approved that allows City Council the authority to vary specific Timeshare review standards as a
result of the anticipated operations of their proposal.
At present, the City has hired a consultant to review and re -write the City's Timeshare ordinance
due to the apparent antiquated nature of the existing ordinance regarding today's timeshare
industry, alternative ownership scenarios, and the regulation of potential impacts from such
ownership schemes.
Specifically, the Applicant has proposed a fractional ownership plan that would require the
following variances from the existing Timeshare review standards:
1. 26.590.010(C)(2)(c) discusses "Gift Giving" in the marketing and sales practices. The
standard requires a gift giving limitation of $100. The Applicant is requesting this be
waived so that they may compete with current industry practices such as providing
complimentary lift tickets, certificates for nights at other Hyatt resorts, etc. which would
far exceed the $100 limit.
2. 26.590.010(C)(3) discusses Integration, where Timeshare must be conducted in all
residential units of a proposed development or not at all. While the Applicant will market
all of the 51 free market units pursuant to the proposed fractional ownership plan, the
remaining 9 affordable housing units will be owned, deed -restricted, and rented by G.A.
Resort Condominium Association in accordance with the Aspen / Pitkin County Housing
Authority (APCHA) guidelines. As a result, these units are not part of the fractional
ownership plan and a variance from this standard is requested.
3. 26.590.010(C)(6)(a) discusses a "Maintenance" plan, which requires that a minimum of
four weeks per year (two weeks in the spring and two weeks in the fall) be reserved by
the Timeshare development so that adequate maintenance and repair may be
accomplished on the units. The Applicant proposes that G.A. Resort Condominium
Association will have a priority right to reserve at least one week and a maximum of four
weeks per year for maintenance and repair on the units. This requires a variance from the
standard.
4. 26.590.010(C)(14) discusses the "Right to Rescind" which is granted for 10 days after
the execution of a contract to purchase an interest in a timeshare project. The Applicant
asserts that the Colorado Revised Statutes permits a five (5) day rescission period with
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Subdivision/PAddendum.
.Partial First Level Plan - Affordable Housing Units
November S, 2001
Scale: 118" = V - 0"
Aspen, Colorado
Bill Poss and Associates
Architecture and Planning
Aspeh, Colorado
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Partial.Building/Site Section at South Property Line
November 5, 2001
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Scale: 1/4" = V . 0"
Aspen, Colorado
Bill Poss and Associates
Architecture and Planning
Aspen. Colorado
N o,4. is , a(30
Main Issues for Tonight
1) Physical Site Plan Issues
2) Minimum Lot Area per Dwelling Unit: ?Cob.
3) A text amendment to the GM S regulations to permit the conversion of
the PUD's remaining lodge reconstruction credits to residential
development rights where the following applies: No Fe ab .
4) Livability of the Affordable Housing Units N o peal .
5) Request to pay Cash -in -lieu N c 'p .
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Hyatt Grand Aspeti
Pro)ect Summary -and Use Plan
PROIE,CT SUM��L&Ry-
Unit Breakdown, "I'licere are 51 proposed total. unitswit: has man -vas Mvo,"lockoffis" per
Wilt. A lockoff'is room,, which. has a separateaccess off a con-u-non haflway and
can be used or rented separately and 1-11clividuaflya-sa "key", For nn
stance, aowner
of a three bedroom anit cotild rent vivo of rfiose bedrocinu (lockoffs) while still usirig
the one bedroom, living morn and kitchen con-iponen t of r eir unit. Lockoffs are
con-figuredand function: exactJy IiJ,-,c hotel roorns,rhe proposed unit breakdown of
die Hyatt Grand Aspen can be sums-nari7ed as follows-
3
:) C 0 Three b&o Threom/three bathroom unitsvvith 2 h ck )ff. (2,000 sf
I Three bedroon-i/three bathroom un-Its with I lockoff (1,800 sf
18 Two bedrooml/t-,vo bathroom units with 1 lockoff (1,550sf` +/-)
I Tuto bedroom/two bathroom unIts with no lockoff (1,400 sf
I One Bedroom/one bathroorn With. no lockoff Oosf
51 Total Units
31 Three bedroom / d-i-rce b;ithroon-i units
1.9 Two bedroom / mo bathroom units.,and
I One bedroom / one bathroom unit
132 Total bedroo ins
Total Rootxis. Note that the 132) ()cdroonis ;-tre attached to 51 living rooms and kitchet-m
From A-ri acconin-iodations perspective that rneans that there are 183 rooms rhat will
have beds In them.
1 32 Total Bedrooms
51 Total Living Roon-is wish sofia and or Murphy beds.
183 Rooms witb beds (bedrooms and rooins witb sofxlMur pby beds)
Total Keys. 11w configuration of these L11*11ts Is such that a Hyatt or- indepe, . ndent agent c;,w
offer the traveling ptjbhc any size short term accommodation from .i conventional
hotel rooni toa- three bed/three ba.diroom unit -,and. excry-thing in bemfeen, Broken
111t0 the smatlest configurations the project offers 130 keys'.
19 Conventional hotel rooms
51 0ae bedroorn. units (living room, one bedroom with bath and kitchen)
130 Total rentable "Keys"'
r.--EXHIBIT
L rt-11111,01 L
cn
Hyatt Grand Aspen
Project Summary and Use Plan
USE P
1/20' Intetest. Purchasers of a Hyatt Grand Aspen "interest" will be buying short-term
accommodations in the Aspen market with the tight to exchange their Aspen interest
with 8 other Hyatt Vacation Ownership projects and 1,800 Interval International
properties around the world. Purchasers will receive an undivided 1 /2.10" interest (17
to 18 days) in a specific unit. Average price per interest is currently anticipated to be,
in the $150,000 per interest range., but. is subject to change at 14yatt's discretion.
Purchasers -will own a specific, "fixed week," in a fixed unit that. they will choose
(subject to availability at time of purchase). That will be their week and unit. They
will also "own", 10 to 11 "floating days" which they can use in increments of 3, 4, 7
and 10 days, which. can. be used in any available unit duriniz the float weeks.
20, Fixed Weeks For Sale Per Year. 'Ile graphic on the following page attempts to make
clearer the orp -nization- of the Use Plan. What's, being shown here, is the 5.21 weeks of
the year and how each are designated (either fixed or float). -All of the ,veekss
highlighted in gold are the 20 lived �xleeks) and the weeks highlighted in blue are the
floating weeks. Everyo-tic buys a certain ffied week in a specific unit — in this
example week 35 (Sample Week), and they get a points package to be used to reserve
up to 10 to I I additional days during the float periods (in any unit).
Points and Exchanms. With ownership in the Grand Aspen (their "'Home Resort"')
owners receive 4"points" every year, which act like a vacation currency that they can
use to exchange for visits to other participating resorts or use in the Home. Re,-,(.-)rt. If
they, use all of their 17/18 days in Aspen (either to rent or use themselves) they will.
have no points for exchange. If any portion of their unit or time is not used during a
year they uill retain a number of points that could them be used for exchange in
other resorts. The number of points one receives each yeargenerally correlates to the
size (one, two, or three bedrooms) and season in the interest that the),, purchase.
Reservation timeline and rental opportunities. The accompanNing graphic also shows the
time franic during which units must be reserved for owners to control their interests.
As can be seen, an owner must res-ervfic their ffixed week at least 6 mondis, and no
more than. 12 months, before the scheduled arrival date. 1kcause of the lockoff
configuration each owner will have one, two or three keys as part of their single unit.
1,Vhen, they resen,e their fixed week they may, rescne at or part of their unit for their
own personal. use, or to rent to the general. public (through the, source of their,
choice.).
If the Owner fails to claim their . unit by the 6 month threshold, or inforn-ts
management within the 6 to 12 montli timeline that they wish to convert their fixed
time into points the fixed time Wven up becomes available to other owners in all
participating resorts for. exchange. This "exchange market" will represent a huge
opportunity for "',new trials"' to Aspen as the Hyatt Gfrand Aspen will be the only
opportunity for millions of timeshare owners to visit Aspen on exchange,
Hyatt Grand Aspen
Pro)ect Sum-maq and Use Plan
If an interest is still v- acant 60 days prior to arriva.] it is then put on the open market
for rent. The accompanying graphic also shows what percentage of renting Aspen
visitors make their reservations within 60 days of arrival. This statistic was provided
by ACR and is important because it shows that a huge ma1jonty of our Aspen visitors
.1 ,
make their reservations within 60 days of arrival. For *instance, 91 1/`0 of our visitors in
August book their holiday after June 1. Meaning that at bast 9 1 °,10 of the visiting
public will have a shot. at renting vacant units in the Hyatt Grand Aspen. I say "at
least"' because many, Hyatt owners wilJ rent their units themselves and make their
units available in the rental market as much as a year in advance of am'val date. This
stem insures that the general public will be able to consider the Hi-att as a rental
alternative when planning their trip to Aspen, any day of the year.
Mr. and Mrs. John Q Traveler sample.
Mr. and Nits. Traveler have never been able to afford to buy a whole condo in
Aspen, but now they can afford a twentieth interest in the Hy2tt Grand Aspen. So
theN, and their ru�o children buy Week 35 (last week in August) in a three bedroom
three bathroom /mo lockoff unit (3 keys). Their unit is assigned "x" points annually
for exchange and use %vith 1,800 other resorts world wide, The Travelers come
most,l), for a week in August with their kids and use all the roorns, but they save their
float days for 6 days of skiing without the kids and rent out their 2 lockoffis during
those 6 days to help offset the expenses. The remaining four days, for the whole
t, they unit, let go into the system for exchange or rent by Hyatt and then use those
ni
points for exchange unit in Key West,
F',vcry year they use their point.-, differently. One year they put the whole unit in the
S\F,Stcm for exchange or rental by Hyatt making them eligible to receive like &-lys in
li-e units in participa tmig resorts around the world, or takeadvn*antage of gettig
longer stays in smaller units. Oneyear the Travelers elect to exchange points for
separate vacations in smaller units in Carmel, Beaver Cteek, and Key, West-.
The next year just the parents come to Aspen for 4 days in June (float time) durinL),
the Food and Wine Festival and occupy a lockoff for themselves and rent the full
two bedroom unlit out then-isch.,es (through the Hyatt). 'Fhe rest of the year they rent
out the unit (through Aspen Central Reservations) and pocket the income.
The list of possibilities goes on and on, but in no case are the Travelers incentivized
to leave their unit empty If they don't come, - lust Eke there is not incentive fora.
hotel room renter who pays 1001/o of the bill in advance of arrival, and then later
dccides not to come, to not make an effort to get. the unit rented or used so as to get
the deposit back.
Grand .Aspen - I.-INratt Timeshare
Use Prograll-I
AdvAiwc Booking
AFFIDAVIT OF PUBLIC NOTICE
REQUIRED BY SECTION 26.304.060 (E), ASPEN LAND USE CODE
ADDRESS OF PROPERTY: L���/C , Aspen, CO
SCHEDULED PUBLIC HEARING DATE: )200
STATE OF COLORADO )
) ss.
County of Pitkin )
I, 0G (name, please print)
being or representing an Applicant to the City of Aspen, Colorado, hereby personally
certify that I have complied with the public notice requirements of Section 26.304.060
(E) of the Aspen Land Use Code in the following manner:
Publication of notice: By the publication in the legal notice section of an official
paper or a paper of general circulation in the City of Aspen at least fifteen (15)
days prior to the public hearing. A copy of the publication is attached hereto.
Posting of notice: By posting of notice, which form was obtained from the
Community Development Department, which was made of suitable,
waterproof materials, which was not less than twenty-two (22) inches wide
and twenty-six (26) inches high, and which was composed of letters not
less than one inch in height. Said notice was posted at least ten -(I 0) days
prior to the public hearing and was continuously visible from the day of
, 200 , to and including the date and time of the public
hearing. A photograph of the posted notice (sign) is attached hereto.
V_Mailin o notice. B the mailing of a notice obtained from the Comuni
g f Y g tY
Development Department, which contains the information described in Section
26,,�04.060(E)(2) of the Aspen Land Use Code. At least ten (10) days prior to the
public hearing, notice was hand delivered or mailed by first class, postage prepaid
U.S. mail to all owners of property within three hundred (300) feet of the property
subject to the development application, and, at least fifteen (15) days prior to the
public hearing, notice was hand delivered or mailed by first class postage prepaid
U.S. mail to any federal agency, state, county, municipal government, school,
service district or other governmental or quasi -governmental agency that owns
property within three hundred (3 00) feet of the property subject to the
development application. The names and addresses of property owners shall be
those on the current tax records of Pitkin County as they appeared. no more than
sixty (60) days prior to the date of the public hearing. A copy of the owners and
governmental agencies so noticed is attached hereto.
(continued on next page)
EXHIBIT
A
N P
Rezoning or text amendment. Whenever the official zoning district map is in
any way to be changed or amended incidental to or as part of a general revision
of this Title, or whenever the text of this Title is to be amended, whether such
revision be made by repeal of this Title and enactment of a new land use -
regulation, or otherwise, the requirement of an accurate survey map or other
sufficient legal description of, and the notice to and listing of names and
addresses of owners of real property in the area of the proposed change shall
be waived. However, the proposed zoning map has been available for public
inspection in the planning agency during all business hours for fifteen (15) days
prior to the public hearing on such amendments.
Si afore
The foregoing "Affidavit of Notice" was acknowledged before me this jj day
of 200 t , by -}�
WITNESS MY HAND AND OFFICIAL SEAL
y P U B L!C MY COMMISSION EXPIRES
Q.Q'.•' My co ission expires• 11/09
•0
� O
•-'�' Notary Public
• o
• •v
ATTACHMENTS:
COPY OF THE PUBLICATION
PHOTOGRAPH OF THE POSTED NOTICE (SIGN)
LIST OF THE 0 WNERS AND GO VERNMENTAL A GENCIES NOTICED
BYMAIL
PUBLIC NOTICE
RE: ASPEN MOUNTAIN PUD/SUBDIVISION FINAL PUD REVIEW FOR LOT 5
(GRAND ASPEN SITE)
NOTICE IS HEREBY GIVEN that a public hearing will be held on Tuesday, November 13,
2001, at a meeting to begin at 5:00 p.m. before the Aspen Planning and Zoning Commission, Pitkin
County Library meeting Room, 120 N. Mill St., Aspen, to consider an application submitted by
Four Peaks Development Corporation, requesting final PUD approval to develop Lot 5 (Grand
Aspen Site) as follows:
• 51 Fractional Ownership Units
• 9 Deed Restricted Affordable Housing Units
The proposed PUD on Lot 5 requires the following actions to be taken by the Planning and Zoning
Commission:
• Final PUD Development Plan
• Subdivision
• Condominiumization
• Timeshare
• Conditional Use Review
• Mountain View Plane Review
• Special Review
• GMQS Exemptions
RE: CONTEXTUAL LAND USE CODE AMENDMENTS TO SECTION 26.470,
GROWTH MANGEMENT QUOTA SYSTEM, AND SECTION 26.590, TIMESHARES
Four Peaks Development Corporation is also requesting two Land Use Code Amendments. The
first amendment request is a proposed -amendment to Land Use Code Section 26.470, Growth
Management Quota System. This amendment would create a process to convert lodge
reconstruction credits to residential development rights. The second proposed amendment request
is a proposed amendment to Land Use Code Section 26.590, Timeshares. This amendment would
allow City Council to vary review standards for_ Timeshares.
The property is legally described as Lot 5,.Aspen Mountain Subdivision and PUD; and is referred
to as the former Grand Aspen Hotel site. For further information, contact Fred Jarman at the
Aspen/Pitkin Community Development Department, 130 S. Galena St., Aspen, CO (970) 920-
5102 or by email at fredj@,ci.aspen.co.us.
s/Jasmine Tygre, Chair
Aspen Planning and Zoning Commission
Published in the Aspen Times on October 27, 2001
City of Aspen Account
jAX MOUNTAIN ASSOCIATES LTD
COLOP.ADO LIMITED PARTNERSHIP
P ?09
�r ) 81612
3AER THOMAS H
50 CLAYTON AVE
BRIE, PA 16509
BAKER RACHAEL ANN
521 E COOPER AVE
ASPEN, CO 81611
BESMAN PASCAL & LINDA
275 KINGS POINT RD #4D-E
KINGS POINT, NY 11024-1012
BOURQUARD RICHARD E
O'SHAUGHNESSY JANE A
2492 E TERRARIDGE DR
HIGHLANDS RANCH, CO. 80126
BRIGHT EDGAR A G JR
300 PLAZA ONE SHELL SQUARE
NEW ORLEANS, LA 70139
CARELLA RICHARD J & JOAN
418 MILL CREEK RD
GLADWYNE, PA 19035
CHABAY ILAN
555 E DURANT 93D
ASPEN, CO 81611
CITY OF ASPEN
130 S GALENA ST
ASPEN, CO 81611
ASPEN SKIING COMPANY
ANDERSON BRUCE J PO BOX 1248
700 S MONARCH #207 ASPEN, CO 81612-
ASPEN, CO 81611-1854
BAKER HUGH LEE JR
CASEY NANAH B
555 E DURANT AVE STE 2K
ASPEN, CO 81611
BEAN ROBERT B
HILLTOP RD WILSON POINT
NORWALK, CT 06854
BICKERS EVERETT E
3320 OLD HILL RD
FLOYDS KNOBS, IN 47119
BRADFORD JEAN S TRUST NO 1
1112 RACE ST
DENVER. CO 80206
BRONSON PHYLLIS
PO BOX 11389
ASPEN, CO 81612
CASTELLANO M MARK 11
PO BOX 273385
BOCA RATON, FL 33427
CHLOWITZ ALLAN D FAMILY TRUST
1740 BROADWAY #604
SAN FRANCISCO, CA 94109
COLONY RAYMOND F & ANITA L
631 VIA DE SUENOS
GREEN VALLEY, AZ 85614
BATMALE MARK
PO BOX 9345
ASPEN, CO 81612
BECKMAN SUSAN R
P 0 BOX 8167
ASPEN, CO 81612
BIELINSKI JUDITH
2121 TROWBRIDGE CT
GLENVIEW, IL 60025
BRIGHT CONDOS
A LOUISIANA GENERAL PARTNERSHIP
300 PLAZA ONE SHELL SQUARE
NEW ORLEANS, LA 70139
BURGESS HUBERT & JO ANNE LIVING
TRUST
7138 MEADOWCREEK DR
DALLAS, TX 75240-2715 -
CASTELLANO WILLIAM A & MARY B
1001 MIDWEST CLUB
OAKBROOK, IL 60523
CITY OF ASPEN
130 S GALENA ST
ASPEN, CO 81611
COLORADO RESORT PROPERTY
GENERAL PARTNERSHIP
10218 ELLA LEE LN
HOUSTON, TX 77042
COOPER JOHN A COULOUR VENTURES LLC
JBAC SANDRA L TRUST # 1 25% 1801 FOREST HILLS BLVD 12405 N GRANT ST
4468 JUNIPER DR BELLA VISTA, AR 72714 THORNTON, CO 80241-2415
KEWADIN, MI 49648
DALY THOMAS J & JUDITH J
1590 HOMESTAKE DR
ASPEN, CO 81611
DEAN PHILLIPS INC
TOWN AND COUNTRY BANK
524 N 30TH ST
QUINCY, IL 62301
DALY JUDITH TRUSTEE
_ OF JACQUELYN DALY TRUST
1590 HOMESTAKE DR
ASPEN, CO 81611
DART ELIZABETH RODWELL
747 GALENA ST ALPENBLICK B 10
ASPEN, CO 81611
DEGEL ROBERT H REVOCABLE LIVING
TRUST
706 DANISH DR
GRAND PRAIRIE, TX 75050
DONALDSON JAMES A 1/12 DRAKE NANCY W
CUSTODIAN FOR CLARE E DO
NALDSON 9E OTH SBER7TMH FLOOR
5746 65TH AVE NE NEW YOR ., NY 10016-0402
SEATTLE, WA 98105
DURANT-GALENA CO
PO BOX 1709
ASPEN, CO 81612
Ej-i,,ORE DAVID G
3200 S DECKER LAKE DR
WEST VALLEY CITY, UT 84119
FALENDER STEVEN M
712 S GALENA ST
ASPEN, CO 81611
FAULKNER JOHN R
PO BOX 250601
FRANKLIN, MI 48025
FLYNN MICHAEL T
2021 1 ST AVE #TG
SEATTLE, WA 98121
DURWARD SUSAN & QUENTIN
1383 FOX RIDGE TR
SIOUX CITY, IA 51104
ERICKSON CLAIRE L AND
ERICKSON BETTY LOU
1231 INDUSTRIAL RD
HUDSON, WI 54016
FASCHING HAUS CONDOMINIUM ASSOC
INC
747 S GALENA ST
ASPEN, CO 81611
FAULKNER MARY I
PO BOX 147
ASPEN, CO 81612
FORD WARWICK S & NOLA M
6 ELLERY SQUARE
CAMBRIDGE, MA 02138
DALY THOMAS J
1590 HOMESTAKE DR
ASPEN, CO 81611'
DAVIDSON STUART C
DAVIDSON SALLY F
3415 VOLTA PLACE NW
WASHINGTON, DC 20007
x
DICKIE E GORDON M D 1999 REVOCABLE
TRUST
25060 PINE HILLS DRIVE
CARMEL, CA 93923
DURANT CONDOMINIUM ASSOCIATION
EMPLOYEE HOUSING UNIT 14
747 S GALENA
ASPEN, CO 81611
E W PROPERTIES LLC
C/O B MASON TIAA-CREF
211 N BROAD W AY STE 1000
ST LOUIS, MO 63102
ESTABROOKS FAMILY TRUST
37 EMERALD BAY
LAGUNA BEACH, CA 92651
FAULKNER JOHN L
PO BOX 147
ASPEN, CO 81612
FLAGSTAD DANIEL G & MARY J
715 E SCRANTON AVE
LAKE BLUFF, IL 60044
FRANCIS LESLEE K
PO BOX 1327
ASPEN, CO 81612
FRONSDAL ARNE
ZIER JAMES M & RUBY JANE FRIEDMAN KARL HUNDSUNDVEIEN 35
�_..-E BLACKWELL AVE 10 CHERRY HILLS DR 1368 SNAROYA
BLACKWELL, OK 74631 CHERRY HILLS, CO 80110 NORWAY, .
IALENA PLACE LLC _
664 HUTTON DR
EVr ! HILLS, CA 90210
[` 3ERMANOW IRVING
E .3 TOBEY WOODS
'' ?ITTSFORD, NY 14534
GOODWIN WILLIAM N
604 LOCUST ST STE 212
DES MOINES, IA 50309
GRAY W CALVIN JR & CONSTANCE M
PO BOX 507
SAVERNA PARK, MD 21146
GURTNER THOMAS & NANCY
CO TRUSTEES
747 S GALENA
ASPEN, CO 81611
E N BRUCE
ED MONGE REMAX PROPERTY MGMT
23284 TWO RIVERS RD STE 1 I
BASALT, CO 81621-9262
HEARST BARBARA B & PETER S
131 TREASURE HILL
SOUTH KENT, CT 06785
HENN PRESTON B & BETTY D
3501 W SUNRISE BLVD
FT LAUDERDALE, FL 33311
HYMAN BARBARA L
150 BRADLEY PL #405
PALM BEACH, FL 33480
GAME JAMES A & MICHAELA
P 0 BOX 451
PALISADE, CO 81526
GIANULIAS JIM & MARILYN H
PO BOX 2990
NEWPORT BEACH, CA 92658
GORDON MARIANNE
420 E 54TH ST STE 20C
NEW YORK, NY 10022
GRENKO PROPERTIES LTD
PO BOX 1120
CARBONDALE, CO 81623
GUSSEL JOHN THOMAS
PO BOX 447
WISCONSIN DELLS, WI 53965
HANSEN BRUCE G
KEEFER OLIVE C/O
2020 S ONEIDA ST STE 210
DENVER, CO 80224
HEATH HETTA S TRUSTEE
606 N SPRING ST
ASPEN, CO 81611
HERSHORN PETER
555 E DURANT AVE
ASPEN, CO 81611
IMMO SASSAFRAS INC
C/O ROBERT ANDERSON
4401 NORTHSIDE PKWY STE 340
ATLANTA, GA 30327
GARRITANO THOMAS A
BO 41-1144
CHICAGO, IL 60641
GLATTS HUGH
2735 MEADOWLARK LN
WEST PALM BEACH, FL 33409
GRAND ASPEN LODGING LLC
308 S GALENA ST
ASPEN, CO 81611
GROSSE EDWIN J & ADELINE M
23049 FARMINGTON RD
FARMINGTON HILLS, MI 48336
HALL THOMAS L PERS INCOME & ASSET
TRUST
12835 PEMBROKE CIR
LEAWOOD, KS 66209
HARDEN SHEILA
8111 CAMINITO MALLORCA
LA JOLLA, CA 92037 -
HEMMETER GEORGE MEAD MD
4587 COACHMAN CIR
LAS VEGAS, NV 89109
HILLMAN RICHARD HAYES
2665 MAIN ST #260
SANTA MONICA, CA 90405
JACOB PAUL MITCHELL
400E 20TH ST # 10-10
NEW YORK, NY 10009
JACOBY ENTERRPRISES INC JAEGER WILLIAM N
)BI ATHOLE G MD WYOMING CORPORATION 439 N DOHENY DR
TON TERRACE #308 111 CENTER ST STE 2500 BEVERLY HILLS, CA 90210
BALA CYNWYD, PA 19004 LITTLE ROCK, AR 72201
FG LIMITED PARTNERSHIP KELTNER DONALD H KETTLE CORPORATION
COLOR -ADO LIMITED PARTNERSHIP 12100 WILSHIRE BLVD #730 PO BOX 8080
12; .- ST HWY 82 LOS ANGELES, CA 90025 ASPEN, CO 81612'
,SJ 81611
i
KIRLIN DONALD W 25% INT
PO BOX 3097
QUINCY.IL 62305
KOSFREUDFIELD ASPEN LC
10 S E 2ND ST STE 2800
MIAMI, FL 33131
KOVAL BARBARA TRUST
KOVAL BARBARA AS TRUSTEE
555 E DURANT C/O NORTH OF NELL
ASPEN, CO 81611
KIRSCHENBAUM DAVID TRUSTEE
C/O NORTH OF NELL CONDOMINIUMS
555 E DURANT AVE
ASPEN, CO 81611
KOSWISHFIELD ASPEN LC
100 S E 2ND ST STE 2800
MIAMI, FL 3 3131-2144
KRAJIAN RON N
2700 NEWPORT BLVD #222
NEWPORT, CA 92663
KRIBS KAREN REVOCABLE LIVING KUYFAR & CO
TRUST A PARTNERSHIP
2170 MCKELVEY RD - 2609 SPRING GROVE TERR
C
MpRYLAND HEIGHTS, MO 63043 OLORADO SPRINGS, CO 80901
K-w El THOMAS AND AMY
30 LAKE ONIAD DRIVE
WAPPINGERS FALLS, NY 12590-3853
LEVITUS STEPHEN I
LEVITUS PERRI A
7205 SHANNON DR
EDINA, MN 55439
LONG CHARLES R
5207 CHAPS CT
COLUMBUS, OH 43221
LOWNES VICTOR A
C/O ASPEN LODGING CO
747 GALENA STREET (DURANT 3-D)
ASPEN, CO 81611-1871
LARSON KARL G & M MADELEINE
PO BOX 8207
ASPEN, CO 81612
LIEBEL CRAIG E
814 PLUM ST
CINCINNATI, OH 45202
LONG GODFREY M JR
7755 ANNESDALE DR
CINCINNATI, OH 45243
M & M INVESTMENTS
MAYER CHARLES C/0
679 BRUSH CREEK RD
ASPEN, CO 81611
NDELBAUM MERVYN"& JEANETIE
MARSH JAMES W & BEVERLY M
JSTEES
AS JOINT TENANTS
1,iANDELBAUM DANIELLE &
815 TROPICAL CIR
JACQUELINE
SARASOTA, FL 34242
1735 SOUTH SANTA FE AVE
LOS ANGELES, CA 90021
KOSFIELD ASPEN LLC
NATIONSBANK TOWER
100 S E 2ND ST STE 2800
MIAMI, FL 33 13 1-2144
KOSWISHMARLINFIELD ASPEN LCA
100 S 2ND ST 28TH FL
MIAMI, FL 33131
KRAJIAN RONALD N
617 E COOPER AVE # 114
ASPEN, CO 81611
KUYFAR & CO
A PARTNERSHIP
2609 SPRING GROVE TERR
COLORADO SPRINGS, CO 80906
LEFROCK JACK L & BARBARA S
647 WATERSIDE WY
SARASOTA, FL 34242
LIVINGSTON DAVID
MYRIAD INVESTMENTS INC
1003 PARCHEMENT DR S E
GRAND RAPIDS, MI 49506
LOVETT WELLS T
LOVETT MARY M
18 STONE CRK PK
OWENSBORO, KY 42303
M& M INVESTMENTS F/K/A W K
PARTNERS
C/0 CHARLES MAYER
679 BRUSH CREEK RD
ASPEN, CO 81611
MAURER MICHAEL S QUAL PERS RES
TRUST 1/2
10585 N MERIDIAN ST #101
INDIANAPOLIS, IN 46206
f
vICELWE BRIAN
�/O VALLEY FORGE INVEST -
20 S tiRNER RD
E
'RUSSIA, PA 19406
E
MEHRA RAMESH TRUSTEE
MEHRA RAMESH J DECLARATION OF
TRUST
3115 WHITE EAGLE DR
NAPERVILLE, IL 60565
MILLER BECKY B & PETER C
200-06 CROSS ISLAND PKWY
BAYSIDE, NY 11360
MILLER TANYA B
2445 W GULF DR
SANIBEL ISLAND, FL 33957
MONKARSH JERROLD D & JOYCE
TRUSTEES
9061 SANTA MONICA BLVD
LOS ANGELES, CA 90069
t, 2IDGE JOHN D & CARRIE A
TRUSTEES OF
MORGRIDGE REVOCABLE TRUST
368 WILLOUGHBY WY PO BOX 3279
ASPEN, CO 81612
NAYLOR IRVIN S
100 BOXWOOD LANE
YORK, PA 17402
NORTH OF NELL CONDO ASSOC
555 E DURANT AVE
ASPEN, CO 81611
PASQUINELLI MARY AKIN
FASCHING HAUS CONDOMINIUM # 10
747 S GALENA ST
ASPEN, CO 81611
MCGORMAN MICHAEL & HELEN
PO BOX 215
BALGOWLAH AUSTRALIA, 2093
MEYERS NEIL S
C/0 RESORT WORLD
2800 N POINCIANA
KISSIMMEE, FL 34746
MILLER DON E
300 MERCER ST APT 3 1 H
NEW YORK, NY 10003
MOEN MICHAEL
C/O EVEREN SECURITIES
604 LOCUST #212
DES MOINES, IA 50309
MONTGOMERY M MEAD & ANNE M
945 OLD GREEN BAY RD
WINNEKTA, IL 60093
MOUNTAIN CHALET ENTERPRISES INC
333 E DURANT AVE
ASPEN, CO 81611
NILES LAURENCE E & LILY Y
1172 BIENVENIDA AVE
PACIFIC PALISADES, CA 90272
OSTERMAN MICHAEL & LINDA LUCE
PO BOX 262
PETTERSVILLE, NJ 07979
PASQUINELLI SALLIE S
FASCHING HAUS CONDOMINIUM
747 S GALENA ST #9
ASPEN, CO 81611
MEHRA RAMESH
3115 WHITE EAGLE DR
NAPERVILLE, IL b0564
MIDDELBERG MARIA B
DBA MODETTE
150 PURCHASE ST
RYE, NY 10583
x
MILLER LELAND L
11575 FOLSOM PT LN
FRANKTOWN, CO 80116
MOLITOR RONALD A & JOAN A
8696 SWAN
KALAMAZOO, MI 49009
MOORS PHILIP B & KATHLEEN
747 S GALENA ST
ASPEN, CO 81611
NARDI STEPHEN J
4100 MADISON ST
HILLSIDE, IL 60162
NOREN LARA L & STEPHEN C
10927 BRIGANTINE DR
INDIANAPOLIS, IN 46256-9544
OWEN RICHARD W FAMILY TRUST
11200 LUXMANOR RD
ROCKVILLE, MD 20852
PATRICK GARY R & PATRICIA A
537 MARKET ST STE 202
CHATTANOOGA, TN 37402
PETROVICH NICK D
TERSON L S & F E TRUST 60% PEDERSON JOSEPH G PETROVICH ROSA DEL CARMEN
fNEIDER CA PATTERSON 40% BASTIL DEAN D FERNANDEZ
580 CEMETERY LN 10500 W SILVER SPRING DR C/O-FRIAS PROP OA ASPEN-730 E
ASPEN, CO 611 MILWAUKEE, WI 53225 DURANT AVE
ASPEN, CO 81611-2072
PUCHY SHIRLEY
?HILLIPS STEVEN J PLATTS JOHANNA E C/O NORTH OF NELL
E �081 COEBLESTONE RD - 740 FLAGSTAFF RD 555 E DURANT
'ALE, IA 50322 BOULDER, CO 80302 ASPEN, CO 81611
RAMyEAD VISHNU & TEIKA
6161 WOODLAND VIEW DR
WOODLAND HILLS, CA 91364
RIDOUT WAYNE E & ROBBYE L
j 35 COUNTRY CLUB CIR
SEARCY, AR 72143
ROMER FRANK L & MARCY L
10204 E SHERI LN
ENGLEWOOD, CO 80111
RESNICK EDITH L TRUSTEE
2245 CAMEO LAKE CT
BLOOMFIELD HILLS, MI 48302-1605
ROARING FORK PROPRIETARY LLC
2519 E 21 ST ST
TULSA, OK 74114
ROSE EDWARD D & JULIE 1/2 INT
1001 MIDWEST CLUB
OAKBROOK, IL 60521
SALITERMAN LARRY
SALTON MARY
650 S MONARCH UNIT 7
221 VALLEY RD
ITHACA, NY 14850
ASPEN, CO 81611
IkFRAS IMMO INC
C/O ROBERT ANDERSON CONSULTING
DONALD C.
PO BOX 121SAX
3
LLC
4401 NORTHSIDE PKWY - STE 340
ASPEN, CO 81612
ATLANTA, GA 30327
SCHIMBERG HENRY A AND LINDA AS
JOINT TEN
C/O RACHEL DUGGAN
750 DALRYMPLE RD APT D3
ATLANTA, GA 30328
SHERWIN GREG
P 0 BOX 4262
BOULDER, CO 80306
SLOANE A RICHARD & tAROLYN J
124 RIGHTERS MILL RD
GLADWYNE, PA 19035
RHOADES CHRISTINE ANN LYON LIVING
TRUST
644 GRIFFITH WY
LAGUNA BEACH, CA 92651
ROLF ROBERT WILLIAM
747 GALENA STREET
ASPEN, CO 81611
RUTHERFORD GROUP
5514 CALUMET AVE
LA JOLLA, CA 92037
SAPER JORDAN
528 VISTA GRANDE
NEWPORT BEACH, CA 92660
SCHERER ROBERT P III
C/O STEPHEN M SCHERER
7510 YORK DR
ST LOUIS, MO 63105
SHAPIRO EUGENE B & MARLENE R
SEGUIN MIKE A C/0 MARGEN MANAGEMENT CO
PO BOX 1914 5 REVERE DR STE 320
ASPEN, CO 81612 NORTHBROOK, IL 60062
SILVER CIRCLE RINK LLC
ICE RINK
308 S GALENA ST
ASPEN, CO 81611
SLT ASPEN DEAN STREET LLC
C/O STARWOOD HOTELS & RESORTS
TRUST
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PHOENIX, AZ 85016
SIMMONS SUSAN K
31381 MONTERREY ST
S LAGUNA, CA 92677
SOLOMON GARY L
3139 N LINCOLN
CHICAGO, IL 60657
TAUBER REAL ESTATE LLC
TALLICHET DAVID C JR TRUSTEE 1/2 MICHIGAN LIMITED LIABILITY
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TONKA BAY, MN 55331 ANAHEIM, CA 92807 SOUTHFIELD, MI 48034
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TICONDEROGA COMPANY
3108 COVINGTON LAKE DR
GARY JACOBS
P 0 BOX 59 - ATT1S: ADELINA GUZMAN
139 FREDER.ICK DR S
''OLIS, IN 46260
FT WAYNE, IN 46804
LAREDO, TX 78042-0059
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TRUST A UNDER THE WILL OF JACK P
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TRIPP PAUL
231 MA RGARET ST
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HUNT DAMES S JR C/0
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KEY WEST, FL 33040
1700 NW 97 TERR
�NGLEWOOD, CO 80110-7113
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VASTEPHEN W & SHARON H
STE 1100 THE 300 N
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1352 BAY ST
LDSUMMIT
MARIENFE
747 S GALENA ST #201A
ALAMEDA, CA 94501
PO BOX 1714
ASPEN, CO 81611-1872
MIDLAND, TX 79702
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WATKINS DAN H TRUSTEE WATSON MARCIA J
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30353 N DOWELL RD 3575 NE, IL 61265-7157 ASPEN, CO 81612
MOLIMCHENRY, IL 60050
WEATHERBY LIVING TRUST
WEIGAND N R
WEINGLASS LEONARD
PO BOX 11509
C/O WEATHERBY
150 N MARKET ST
ASPEN, CO 81612
555 E DURANT AVE #3B
WICHITA, KS 67202
ASPEN, CO 81611
WHEELER CONNIE CHRISTINE
WITZ EUGENE
NORTH OF NELL CONDO ASSOC C/O
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9555 LADUE RD
ST LOUIS, MO 63124
322 E 57 TH ST #3B
NEW YORK, NY 10022-2949
ASPEN. CO 81611 _
WMC INVESTMENT LTD PARTNERSHIP YARBOROUGH JULIA K LIVING TRUST ZEFF
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1001 MIDWEST CLUB PKWY 1329 LULU, HI ST STE 602 NEW YORK, NY 10019
OAK BROOK, IL 60521 HONOLULU, HI 96813
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ZEFF ROBERT H 5426 OSPREY ISLE LN 628 S GALENA ST
555 E DURANT AVE ORLANDO, FL 32819 ASPEN, CO 81611
ASPEN, CO 81611
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