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HomeMy WebLinkAboutcoa.lu.ex.Oliver Subdivision, Lot 8, Block 1 Pitkin Mesa 130 s aspen treet 1611 MEMORANDUM DATE: October 4, 1979 Richard ~~ Ron St~~ TO: FROM: RE: Oliver Subdivision Exemption I recommend approval of the above-described subdivision exemption subject to the six month minimum rental restriction of Section 20- 22 of the Code. RWS:mc i~ .~ , ~ 111 ~ .1 j " FORM NO. C.e;();)') .~ Oliver ~ -. r'~.. ,'c,,;: I :.1.., \ " . ~), / Nee hAe I Policy of Title Insurance Issued by Transamerica Title Insurance Company SUBJECT TO THE SCHEDULE OF EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS CON- ~ TAINED IN SCHEDULE B AND THE PROVISIONS OF THE CONDITIONS AND STIPULATIONS ~ HEREOF, TRANSA;l.lERICA TITLE INSURANCE COMPANY, a California corporation, herein called i the Company, insures, as of Date of Policy sho\\''Tl in Schedule A, against los5 or damage, not exceeding the a amount of insurance stated in Schedule A, and costs, attorneys' fees and expenses which the Company may become obligated to pay hereunder, sustained or incurred by the in~ured by reason of: 1. Title to the estate or interest described in Schedule A being vested otherwise than as stated therein; 2. Any defect in or lien or encumbrance on such title; 3. Lack of a right of access to and from the land; or 4. Unmarketability of such title. In Witness Whereoj, Transamerica Title Insnrance Company has cansed this policy to be signed and sealed by its duly authorized officers as of Date of Policy shown in SchednIe A. Transamerica Title Insurance Company By C#t~~'1 p~ --- President By Seuetary '. SCHEDULE OF EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of this policy: 1. Any law, ordinance or governmental regulation (including but not limited to building and zoning ordinances) re- stricting or regulating or prohibiting the occupancy, use or enjoyment of the land, or regulating the character, dimensions or location of any improvement now or hereafter erected on the land, or prohibiting a separation in ownership or a reduction in the, dimensions or area of the land, or the effect of any violation of any such law, ordi- nance or governmental regulation. 2. Rights of eminent domain or governmental rights of police power unless notice of the exercise of such rights appears in the public records at Date of Policy. 3. Defects, liens, encumbrances, adverse claims. or other matters (a) created, suffered, assumed or agreed to by the insured claimant; (b) not known to the Company and not shown by the public records but known to the insured claimant either at Date of Policy or at the date such claimant acquired an estate or interest insured by this policy and. not disclosed in writing by the insured claimant to the Company prior to the date such insured claimant became an insured hereunder; (c) resulting in no loss or damage to the insured claimant; (d) attaching or created subse- quent to Date of Policy; or (e) resulting in loss or damage which would not have been sustained if the insured claim- ant had paid value for the estate or interest insured by this policy. CONDITIONS AND STIPULATIONS 1. DEFINITION OF TERMS The following terms when used in this policy mean: (a) "insured": the insured named in Schedule A, and, subject to any rights or defenses the Company may have against the named insured. those who succeed to the interest of such insured by operation of law as distinguish2d from purchase including, hut not limited to, heirs, distributees, devisees, survivors, personal representatives. next of kin, or corporate or fiduciary successors. (b) "insured claimant": an insured Claiming loss or dam. age hereunder. (c) "knowledge": actual knowledge. not constructive knowledge or notice which may be imputed to an insured by reason of any public records. (d) "land": the land described, speCifically or by reference in Schedule A. and improvements affixed thereto \vhich by law constitute real property: provided, however, the teml "land" does not include any property beyond the lines of the area specifically descnbed or referred to in Schedule A, nor any right, title. interest, estate or easement in abutting stre(;ts. roads. avenues, alleys, lanes, ways or watef',Vuys. but nothing herein shall modify or limit the extent to which a right of access to and from the land is insured by this policy. (e) "mortgage": mortgage. deed of trust. trust deed, or other security instrument. (f) "public r€:-cords": those records which by Jaw impart constructive notice of matters rel,ating to said land, 2. CONTINUATION OF INSURANCE AFTER CONVEYANCE OF TITLE The coverage of this policy shall continue in force as of Date of Policy in favor of an insured so long as such insured retains an estate or interest in the land. or holds an indented. ness secured by a purchase money mortgage given by a pur- chaser from such insured. or so long as such insured shall have liability by reason of covenants of warranty made by such insured in anv transfer or convevance of such estate or interest; provided, 'however, this policy shall not continue in force in favor of any purchaser from such insured of either said estate or interest or the indebtE'dness secured by a pur. chase money mortgage given to such insured. 3. DEFENSE AND PROSECUTION OF ACTIONS - NOTICE OF CLAIM TO BE GIVEN BY AN INSURED CLAIMANT (a) The Company. at its own cost and without undue delay, shall providt' for the defense of an insured in all litiga- tion consisting of actions or proceedings commenced against such insured. or ;:t defense interposed against an insun..>d in an action to enforct' a conlract for a sale of thl' estate or interest in said land. to tl1(' extent that such litigation is founded upon an alleged defect. lien, t'ncumbrance. o'r other matter insured against by this policy. (b) The insured shall notify the Company promptly in writing; (i) in case any action or proceeding is begun or de- fense is interposed as set forth in (a) above, (ii) in case knowl- edge shall come to an insured hereunder of any claim of title or interest which is adverse to the title to the estate or interest. as insured. and which might cause 10s5 or damage for which the Company mav be liable by virtue of this policy, or (iil) if title to the estate or interest, as insured, is rejected as un- marketable. If such prompt notice shall not be given to the Company. then as to such insured all liability of the Company shall cease and terminate in regard to the matter or matters for which such prompt notice is required; provided. however, that failure to notify shall in no case prejudice the rights of any such insured under this policy unless the Company shall be preiudiced by such failure and then only to the extent of such prejudice. (c) The Company shall have the right at its own cost to institute and without undue delay prosecute any action or proceeding or to do any other act which in its opinion may be necessary or desirable to establish the title to the estate or interest -as insured. and the Company may take any appiO- priate action under the terms of this policy, whether l)f not it shall be iiable thereunder. and shall not thereby concede liability or waive any provision of this policy. (d) Whenever the Company shall have brought any actior, or interposed a defense as required or permitted by the pro' visions of this policy. the Company may pursue any such litigation to final determination by a court of competent juris- diction and expressly reserves the right,.in its sole discretion, to appeal from any adverse judgment or order. (e) In all cases where this policy permits or requires the Company to prosecute or provide for the defense of any action or proceeding, the insured hereunder shall secure to the Company the right to so prosecute or provide defense in such action or proceeding, and all appeals therein, and permit the Company to use, at its option, the name of such insured for such purpose. Whenever requested by the Company, such insured shall give the Company all reasonable aid in any such action or proceeding, in effecting settlement. securing. evidence, obtaining witnesses, or prosecuting or defending such action or proceeding, and the Company shall reimburse such insured for any expense so incurred. 4. NOTICE OF LOSS - LIMIT A TlON OF ACTION In addition to the notices required under paragraph 3(h) of these Conditions and Stipulations. a statement in writing of any loss or damage far which it is claimed the Company is liable under this policy shall be furnished to the Company within gO days after such loss or damage shall have been de. termined and no right of action shall accrue to an insured claimant until 30 days after such statement shall have heen furnished. Failure to furnish such statement of loss or damage shaH terminate any liability of the Company under this policy as to such loss or damage, Continued on Front of Back Cover , ' . Continued from Back of Front Cover 5. OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS The Company shall have the option to payor otherwise settle for or in the name of an insured claimant any claim in- sured against or to terminate all liability and obligations or the Company hereunder by paying or tendering payment of the amount of insurance under this policy together with any costs, attorneys' fees and expenses incurred up to the time of such payment or tender of payment. by the insured claim- ant and authorized by the Company. 6. DETERMINATION AND PAYMENT OF LOSS (a) The liability of the Company under this policy shall in no case exceed the least of: ~ (i) the actual loss of the insured claimant: or (ij) the amount of insurance in Schedule A. (b) The Company will pay, in addition to any loss insured against by this policy, all costs imposed upon an insured in liti. gation carried on by the Company for such insured, and all costs, attorneys' fees and expenses in litigation carried on by such insured with the written authorization of the Company. (c) When liabilIty has been definitely fixed in accordance with the conditions of this policy, the less or damage shall be payable within 30 days thereafter. 7. LIMITATION OF LIABILITY No claim shall arise or be maintained under this policy (a) if the Company, after having received notice of a'n alleged defect, lien or encumbrance insured against hereunder, by litigation or otherwise, removes such defect, lien or encum- brance or establishes the title. as insured, within a reasonable time after receipt of such notice; (b) in the event of lit!gation until there has been a final determination bv a court of com~ petent jurisdiction. and disposition of all appeals therefrom. adverse to the title. as insured, as provided in paragraph 3 hereof; or (c) for liability voluntarily assumed by an insured in settling any claim or suit without prior written consent of the Company. B. REDUCTION OF LIABILITY All payments under this policy, except payments made for costs, attorneys' fees and expenses, shall reduce the amount of the insurance pro tanto. No paymenl shall be made without producing this policy for e.ndorsement of such payment unless the policy be lost or destroyed, in which case proof of such 10,;s or destruction shall be furnished to the satisfaction of the .Com.pany. 9. LIABILITY NONCUMULATIVE It is expressly understood that the amount of insurance under this policy shall be reduced by any amount the Com- pany may pay under policy insuring either (a) _ a mortgage shown or referred to in Schedule B hereof which is a lien on the estate or interest covered by this policy, or (b) a mortgage hereafter executed by an insured which is a charge or lien on the estate or interest described or referred to in Schedule A. and the amount so paid shall be deeml:d a payment under this policy, The Company shall have the option to apply to the pav. ment of any such mortgages anv amount that otherwise would be payable hereunder to the insured owner of the e~tate or interest covered by this policy and the amount so paid shall be deemed a payment under this policy to said insured owner. 10. APPORTIONMENT If the land described in Schedule A consists of two or more parcels which are not used as a single site, and a loss is estab. lished affecting one or more of said parcels but not all. the loss shall be computed and settled on a pro rata basis as if the amount of insurance under this policy was divided pro rata as to the value on Date of Policy of .each separate parcel to the whole. exclusive of any improvements made suhsequent to Date or Policv, unless a Iiabilitv or value has otherwi!.c been agreed upon as to each such parcel by the Company and the insured at the time of the issuance of this policy and shown by an express statement herein or by an endorsement attached hereto. 11. SUBROGATION UPON PAYMENT OR SETTLEMENT \Vhenever the Company shall have settled a claim under this policy, all right of subrogation shall vest in the Company unaffected by any act of the insured claimant. The Company shall be subrogated to and be entitled to all rights and reme- dies which such insured claimant would have had against any person or property in respect to such claim had this policy not been issued. and if requested by the Company, such insured claimant shall transfer to the Company all rights and remedies against any person or property necessary in order to perfect such right of "iubrogation and shall permit the Company to use the name of sech insured claimant in any transaction or litigation involving such rights or remedies. If the payment does not cover the loss of such insured claimant, the Companv shall be subrogated to such rights and remedies in the pro- porticn which said payment bears to the amount of said loss. If loss should result from any act of such insu!""ed claimant, such act shall not void this poHey, but the Comflany, in that event, shail be required to pay only that part of any losses insured against hereunder which shall exceed the amount, if any, lost to the Company by reason of the impairment of the right of subrogation. 12. LIABILITY LIMITED TO THIS POLICY This instrument together with all endorsements and other instrJments, if any, attached hereto by the Company is the entire policy and contract between the insured and the Company. Any claim of loss or damage, whether or not based on negligence, and which arises out of the status of .the title to the estate or interest covered hereby or any action asserting such claim, shall be restricted to the provisions and conditions and stipulations of this policy. No amendment of or endorsement to this policy can be made except by writing endorsed hereon or attached hereto signed by either the President, a Vice President, the Secretary, an Assistant Secretary, or validating officer or authorized signatory of the Company. 13. NOTICES, WHERE SENT All notices required to be ~iven the Company and any statement in wrilin~ required to be furnished the Company shall be addressed to Transamerica Title Insurance Company, p, O. Box 605, Denver, Colorado 80201. FORM NO. C_5000.' _"" FOR USE WITH COLORADO REGION (, RICAN LA.Ne TITLE A.SSOCIATION OWNER'S PO !-FORM B- 1970 (AMENDED 10_17_70) . SCHEDULE A Date of Policy June 12, 1979 at 10:43 A.M. Policy No. 7301216 Sheet I of L Amount ofInsurance $ 175,000.00 1. Name ofInsured: MICHAEL D. OLIVER 2. The estate or interest in the land described herein and which i. covered by this policy i.: In fee s:il11p1e 3. The estate or interest referred to herein is at Date of Policy vested in: MIrnAEL D. OLIVER FORM NO. C-6000-2 Co, FOR USE WITH COLORADO REGI .MERICAN LAND TITLE ASSOCIATiON LOAN PO, 1970 (AMENDED 10-17.70) FOR USE WITH COLORADO REGION AMERICAN LAND TITLE ASSOCIATION OWNER"S POL.ICY-FORM B-1870 (AMENDED 10_17_70) S C II E D U LEA-Continued The .land referred to in this policy is situated in the State of Colorado, County of , and is descrihed as follows: Pitkin IDt 8, Block 1 PITKIN MESA SUBDrVISION FORM NO. C-6000-3 c';;."., ,- FOR USE WITH COLORADO REGI _ MERICAN LAND TITt..E ASSOCIATiON LOAN POL ,pi 1970 (AMENDED 10.17.70) FOR USE WITH COLORADO REGION AMERICAN LAND TITLE ASSOCIATION OWNER"S POLICY-FORM B-1Si170 (AMENDED 10-17.70) SCHEDULE B PART I This Policy does not insure against loss or damage by reason of the following: 1. Rights or claims of parties in possession not shown by the public records. 2. Easements, or claims of easements, not shown by the puhlic records. 3. Discrepancies, conflicts in houndary lines, shortage in area, encroachments, and any facts which a cor- rect survey and inspection of the premises would disclose and which are not shown by the public records. 4. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 5. Taxes due and payable; and any tax, special assessments, charge or lien imposed for water or sewer service, OJ; for any other special taxing district. 6. The right of a proprietor of a vein or lode to extract and rerrove his ore therefrpn, should the same be found to penetrate or intersect the premises, as reserved in United States Pate.'1t recorded in Book 55 at Page 5. 7 . Protective covenants al'.d restrictions, which do not contain a forfeiture or reverter clause, but ani tting restrictions, if any, based on race, color, religion or national origin, as contained in instrument recorded December 22, 1965 in E=k 217 at Page 508. 8. Easerrents for road and utilities along the l'Iesterly 40 feet and Easterly 10 feet as set forth on the plat of said sul::division. 9. 15 foot easerrent for sewer line and utilities along the Northerly 15 feet of said lot as set forth in instrurrent recorded July 13, 1971 in E=k 256 at Page 501. 10. Deed of Trust fran : Michael D. Oliver to the Public Trustee of the County of pitkin for the use of : First National Bank in Aspen dated .: June 11, 1979 recorded : June 12, 1979 in E=k 370 at Page 484. " ,,,.r , MEMORANDUM TO: Dan McArthur, City Engineer Ron Stock, City Attorney FROM: Richard Grice, Planning Office RE: Oliver Subdivision Exemption DATE: September 20, 1979 Attached please find subdivision exemption application for the condominiumiza- tion of a duplex. This item is scheduled to come before the Aspen Planning and Zoning Commission on Tuesday, November 20, 1979. Therefore, may I please have your written comments concerning this application no later than Monday, November 12, 1979. Thank you. TO: FRa-1: RE: DATE: f"'. '- " MEMORANDUM Aspen Planning and Zoning Commission Richard Grice, Planning Office Oliver Subdivision Exemption November 15, 1979 Zoning: Location: Lot Size: Renta 1 History: Engineering COlTITIents: Attorney's Comments: Planning Office Recom- mendation: R-15 Lot 8, Block 1, Pitkin Mesa Subdivision 15,987 Square Feet This duplex is presently under construction and therefore has no rental history. The application clearly does not reduce the supply of low or moderate income housing. al subject to three placed on the next The Engin conditions b . g corrected prior to City Council age plat to be revi sed a -resubmit overhead utility and pole on the property. Finall underground phone lin is require. The Engineering Department's complete comments found in a memora dated November 9, 1979, which is i luded in your packet for y iew. / "I recommend approval for the above described subdivision exemption subject to the six month minimum rental restriction of Section 20-22 of the Code." V.Qc:. \, \~l~ Approval subject to the iii'll L~.v_.I,II..efls round in the Engineering Department's memo of Nevem~er~> 1979 being corrected prior to be placed on the next City Council agenda and subject to the six month minimum lease restrictions of Section 20-22 of the Code. I" - ", , MEMORANDUM TO: Richard Grice, Planning Office ~ Daniel A. McArthur, City Engineerb) FROM: RE: Oliver Subdivision, Lot 8, Block 1, Pitkin Mesa Subdivision DATE: December 17, 1979 After having reviewed the second amended survey plat for the above subdivision exemption and having made a site inspection the Engineering Department recommends approval for the above sub- division exemption subject to the owner/applicant agreeing to enter into a sidewalk, curb and gutter improvement district in the event one is formed in the future and so deed restrict in the statement of exemption. c /, ~1EMORANDUM TO: Richard Grice, Planning Office FROM: Daniel A. McArthur, City Engineer RE: Oliver Subdivision, Lot 8, Block 1, Pitkin Mesa Subdivision DATE: November 9, 1979 After having reviewed the survey plat for the above subdivision exemption and having made the site inspection the Engineering Department recommends the following: 1. The owner/applicant shall revise and resubmit the survey plat to include the following: A. Show dimension and center line of Cemetary Lane and edge of pavement. B. Change 20' utility easement to read 20' utility and road easement as per amended Pitkin Mesa Subdivision Plat in plat book 4, page 190. C. Change 20' road easement to read 20' utility and road ease- ment as per amended pitkin Mesa Subdivision in plat book 4, page 190. D. Show existing undeground phone line. E. Remove existing steps as shown on easterly portion of lot 8. F. Show existing driveway off of Cemetary Lane and show pro- posed parking for units A and B. 2. Owner/applicant shall provide overhead utility easement and pole easement for all overhead utilities located on lot 8. 3. Owner/applicant shall provide an underground easement for existing underground phone lines on lot 8. The Engineering Department recommends approval for the above sub- division exemption subject to the owner/applicant correcting the above conditions under item 1, 2, and 3 prior to being placed on the next City Council agenda. r' \..,.. " MEMORANDUM TO: Aspen City Council FROM: Richard Grice, Planning Office RE: Oliver Subdivision Exemption DATE: January 8, 1980 Zoning: R-15 Location: Lot 8, Block 1, Pitkin Mesa Subdivision Lot Size: 15,987 Square Feet Rental History: This duplex is presently under construction and therefore has no rental history, A single family house previously existed on this property and was occupied by its owner for a period of three years prior to selling it to Michael Oliver. The application clearly does not reduce the supply of low or moderate income housing. Engineering COlMlents: "After having reviewed the amended survey plat for the above subdivision exemption and having made a site inspection, the Engineering Department recommends approval for the above subdivision exemption subject to the owner/applicant agreeing to enter into a sidewalk, curb and gutter improvement district in the event one is formed in the future and so deed restrict in the s ta temen t of exempti on. " Attorney's COlMlents: "I recommend approval for the above described subdivision exemption subject to the six mnntb_minimum rental restriction of Section 20-22 of the Code." ,-,- .. Planning Office Recommendation: Approval subject to the owner/applicant agreeing to enter into a sidewalk, curb and gutter improvement district in the event one is formed in the future and so deed restrict in the statement of exemption and subject to the six month minimum rental restriction of Section 20-22 of the Code. P and Z RecolMlendation: Approval subject to the owner/applicant agreeing to enter into a sidewalk, curb and gutter improvement district in the event one is formed in the future and so deed restrict in the statement of exemption and subject to the six month minimum rental restriction of Section 20-22 of the Code. ~ f-f J ICA f,t!: t.Qt. [~N~oflC/" 'f/'oij 5CCbc,!d/510N )e9L{ /;'1//0/115 J ... ~ ,,,/w ..''il-k~',,",.L 4\ 1M' ~hr.t.ltC/lI!.U7;."1 I I I!-' t-. p ,; I! -{, ,f /I - ! 11.. J/ .' t . W '~',lJ.. en Co Uti! If'"'" ,~JJ.d"'(-tdWJ' fNJl hJ'r~ 'k tkr:"""'/'f ;WJ ;JUjU'f1: Lof S, 8/0</:1) f,lk,1V Mesfi sul/d, v, S, OIV As ,;eN, (oleMe/o. j /, ~cL -lJiJ ci~/y (ill Lot f (,4- /J'LtPrF ~1 ~:vct.t>>1, ilud- a;yzL-co:t;, /NJimcf NtLu:e 1ft- 51ft1 i Uz<r, O?:J *,dvlw~ ~<CCr~ ~~ -I . ~ .cJwCGtlfl ,''f'V71 ,~f"~-~,L'4r~ '111h<'0'r:'.l to /lU;1wJ tk 'C0v1Ai" c;-avl c~/ ~~t, . -Co IJJuck 041.d &u. 1/W1.0UJL ~~t'i' /1''iJ~vt,'7 ( , -1/1 . .; , --/ -L' /)' J A" "'./2 ~1 llk'<4. h. l C ~:,'\i - O'c ~ . w .. 0A1. V "" 0 V{; : t SA< -Ii'" . '1\' L'l4-ff;. Cl/I.j'tc. u.&;Ja'ir/ ~rz). . VJ7\ ru' t.Av{)v \1..- &\i v''' \..-vrl .' .. .. /' I ( . 1,~w~ '. 1J ~ilj di""i AIU:.Mf;2 OJ /919 I v c: ,., To Whom it may concern; I, Sandy Waltner, owned and lived in the log cabin located at 1085 Cemetary Lane, Lot 8,pitkin Mesa Subdivi- sion,for a period of three years prior to selling it to Michael Oliver. At no time was it rented. Sincerely. G-iv~^' tL Sandra Waltner . , ~CL-L~~ 11- ;;;1.-7/' STATE OF COLORADO ) ) ss. COUNTY OF PITKIN ) Subscribed and sworn to before me this 21st day of November, 1979- by Sandra Waltner. My Commission expires 11/20/82 WITNESS my hand and official seal. ~ '\ . 'j"\ e \ . ,\~ \:.5'-- .' .... \ f: \) f' \ ~,{:-..-, Notary Publ~c ' . RECORDED AT 11;15 A.. 10 MARCH, 1980 LORETTA BAn' 1', RECORDER . ",~,':,. ""-":""11 ' ,. f-I,,,,,,,<'L.. J eooKJ~4 If,Jj80 RECEPTION STATEMENT OF EXEMPTION FROM THE BEFINITION OF SUBDIVISION (, :::J ! / (:)1 WHEREAS, the provisions of Section 20-19 (b) of the Aspen Municipal Code provide that. following receipt of a recommendation from the Planning Commission. the City Council may exempt a particular division of land from the definition of a subdivision set forth in Section 20-3 (s) of the Code. when. in the judgment of the City Council, such division of land is not within the intent 'and purpose of subdivision regulation. and WHEREAS. pursuant to said Section 20-19 (b). Michael D. Oliver has requested such an exemption for the condominiumization of a duplex located at: Lot #8 Block #1 Pitkin Mesa Subdivision Pitkin County. Colorado WHEREAS. the Aspen Planning and Zoning Commision. at its meeting held l2.j/8j7Cf . recommended approval of such request. and WHEREAS. the City Cou~bllhas determined that the proposed condominiumization is not within the intents and purposes of subdivision regulation. THEREFOiE. the Aspen City Council. pursuant to the authority granted in Section 20-19 (b) of the Aspen Municipal Code. does hereby determine and declare that the proposed condominiumization of the property above-described is without the intents and purposes of Chapter 20 of the Aspen Municipal Code and does hereby waive the enforcement of the City subdivision regulation with respect thereto subject only to the provisio~s BOOK384 .".,Jj81 regardlng mlnlmun slx month lease terms set forth ln Sectlon 20-22 of the Aspen Murlclpal Code and to the condltlon that the Appllcant agrees to an agreement to joln a curb. gutter. and sldewalk lmprovement dlstrlct. Done thls ~day of~~r. the Aspen Clty Councll at lts regular meetlng ~ld 1980. by on sald date. \ t pi II I , ~ II Ii" ",<,\ ~!A.'~~T" /'v.~'.. ......:~:..\ He~--ec- . . ~ot~6h'1.'~h s. STATE OF COLORADO ) ) ss. COUNTY OF PITKIN ) me thls The foregolng lns IJh.) day of was duly acknowledged before 1980. by HERMAN EDEL and KATHRYN S. KOCH. me to be Mayor and Clty Clerk of the Clty of Aspen. Colorado. Wltness my hand and offlclal seal. ,.,,'lllI/lfUI .,;,\'. ~_ ',' I"~ I, ~III .,\. ,_ \. \:f. r r '''J :.:_:~~~~ ..~<,.. .......':~;..\ ..,. .' .J 01.1 '.1 c- ::~ ,,: _.... AI.?" ". -:~ :: ~ ,: .. ri~ ~~klslon -."" /jIIC !..'>.~ :.\. ". '.., I " '.::- .......: ". c..;.' ....._.. .. .~......... "', , r ~'I "" ,"'~'; I"~ . "',' " ,,,,,,' .l(jt;P- () (]Mb~ " explres: ...::3/,;)t/:l3 RECORDED AT 11:16 A. 10 MARCH, 1980 LORETTA c "'1NER, RECORDER BDOK 384 !'!'i~ 682 ~')'r -,~ :. '1 ~..jl~ N'l..',',,'~,' ~ ~ RECEPTION COVENANTS MII'h!lel D. 011"'i'r ("covenantors"), for themselves, their heirs, executors, admin- istrators, and assigns hereby covenant with the City of Aspen, Pitkin County, Colorado, that: 1. ~l~hQ~l n nliv~~ are the owners of the following described property together with the improvements thereon, situate in the County of Pitkin, State of Colorado: Lot #8 Block #1 Pitkin Mesa Subdivision Pitkin County, Colorado 2. The above-described property shall be restricted to six (6) months minimum leases with no more than two (2) shorter tenan- cies in any calendar year. 3. At the time the property is offered for sale, in whole or in part, any tenant or tenants shall be given notice of such offer together with the offered price. Each 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, the tenant or tenants shall have a ninety-day exclusive non-assignable right of first refusal to purchase the portion of the property which he has under lease. In the event that such offer is made while the ninety-day option is still in effect, the tenant may purchase the unit for the amount of the bona fide offer or offered price, whichever is less. 5. 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 /c--, 5{)OK 384 ,I.;: 683 special assessment or special tax or proceeding therefor, on the basis that the property is adequately served by existing improve- ments, nor on the basis that the premises will not be served or benefited by the improvement or improvements proposed. Further, in such event, covenantors agree to comply with Section 19-101 of the Municipal Code of the City of Aspen. 6. The covenants contained herein 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 cove- nants are recorded, after which time, said covenants shall be automatically 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 covenants in whole or in part or agreeing to release said covenants. this IN WITNESS WHER~ this Declaration has been duly executed C?I,- doy of J(b'~ ' 1980. 7~2~ ~ (}tWL County of pitkin ) ) ss. ) 'fIL- th iSc2& STATE OF COLORADO doy o:h" ~;:"<om"m' woo aOkmow:"::::, ~:o<" m" (fIICllh- ,D. olr VEl'.. WITNESS MY HAND AND OFFICIAL SEAL. , '}ty".commiss ion expires: " \',j-, i..' '-,/ ". )<.':.' ~."~/)%,\ _ .) 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