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HomeMy WebLinkAboutcoa.lu.ex.117 S Spring St.1977 1 CITY OF ASP},l~ . MEMO FROM KAREN SMITH A" 71J : !br/~ 1Jed#/ . /1: ~ ,If. ~.f/i~ ~~ fnv CJ-w ~ ~ IV~ zf 0 ~udi.f k.~~ c lJ) -/(d.. tJ.u%- fd; ~ IU- m f<,J.- ~ \ ~ Ia.ui h ~ /(,uJ uH.4 nA'~~ 'J1~ n.-ftu- ~.tf~ ~ ~Iv ~...........~O- ttM.-aU~ ~~ ~~ gfy~. ~!f~1 ~ w.t M-J~fo-I -' ~C'~~ flu- ~1 ~ w\'JcJd'e~~ ~ fltL .j.,ruJ.tA. ~-f~;> -~-o}{.;((S Cv-- IF . . ' Ccll~\.&\~C\ + C>---fJ &~ CIV_________ /lito 6-'2 cSJ ^ 0LfY"v "'-- ') 'trw-ty S{- ~ Pf'2 /0ov / ~ - /fi\ ~~~ '-*1 - U1 (Njj.f.-. ftu O'-'I~xf. ~ '.pD ~~r. --6: I... ~~WC~a<J 1,1 0 ~ ~(e~~ i~- I \ " ~ ( JY' ~ ~,pi ytV 1Jll~J-~ .~ ~<~ ~tt C' ~I l' ~ t:jJ; uvP u~~~~ ~~~~ ~ c ~JJ-; ~V~ ~~ 'f <}.) /_'<' ~ f . f((:'lJlll il r t.j,,!.' Ii II(l };.':I H'll Ci I '( ['(,Ini";) Nov"",k,t ;>U, ]"n tJJJ'yr.JI .<;did Iv; (!irl III>( 1r" hl' )-;!;I/l!ld hiIV" l.f, ....lhicL \.:i.l.l (]. :"I!',' 1.1" \'"J,),. (,; III' ),lu;''-'11 ;:) r (,jll( :11', j I \. :1c1 ':,.''- II ~: l . : r I' 1 J I 'J 1)/) ) 11 : ~ ., I 0 I J l i.I jI' l' I t!le'd. Vlill j\JI':j,in \liilui' 'i'he ),).'::I,J)]r: (;! J J1ojJ1('cd "I:L iI-,ll Iii' (I] ;Id~:l"r t':,!lill' 'j \'/Oi) ,] th.]j tl1' 1(' .11'( L (J 1'(':;" 1(lll ')1011: l'u t .:1' Cuu;'t. 'i')i('Y ))oti~ I,,'u:1 d;j;crc" tj J:, tL 1l1':1) tilt' 1.-:1:'>_1 (' LunJ"n (if t iw tr, i) :L!J ':: l'Y i.,ll I! i:, I.; ),r ,id, '1(' /"(11,11 'JII.I' 'J' li'; {d.:llll' ;',)1 \.' "! (;',f,') i), Vd!.i riU' : 1 I U1,1 '!I ({'I, ,i iucl i I, ;l!it ,;,"" ";'.'II'i ,'j, Jj' J ,'J tll(' r 1.'.'; j'.I[](; ]'0) ;,(", (,'I! \.1' oj :;i -I '-/(']) ; :"1 ",-J', :::!;III'IUlc;: ):, l,j l'lkc C,I) C' uf Ult' 'j'J ), I il ~. , l')t 1. L. HCJ\lO Lav:tqn-jlio voic( d ,:;LTonq 01, )l'ct L(,n:; to .,:t tJi'l_j (_;JV(,~; ;IC(,(:~;~; Lo J!I.I);)' )J('ojJ1L'. tiil L ':,;:tp" J,U];, ('{ le)(,'J.l v.'!IJll Up' :j(\1I](' tlliJj(J, nil tr,~{iJ ;:~L ill ('(liILI' l:.l tL It rc:-.i~;tt:nc(' ,:J1L1 "...jnd thvir \>.'11'/ LIJ) (Juqrl (<~JiJ) C;:'~;I Clt.,. opt.ion:-: UH' hiO ()ptjO)]~: (-JU' of rr.lilci\'(.'ly :,jlJ)' (:::!,('II. .".a5r} he l.-.'ouJ(l j,j}'.e lo try aile; P~-(<.r;l-V(' U:c Jirh.-,J{')' of 1]1(: lh:hrcndl id \.;jth;:: (Joryl p]<-:J:Lilj~J ,lncl ~;cn;ulili~_J I,]'O'JlclLl, C(lllI(~ dO'..;n il)C;:I') Bil'" dL thc' c_iti/:t'!l'': dTi" '1:('P.1(. 'o':j J 1 j,lrJ: LhL' J~.lll' ,I (j':1 in v;cn I O",'('t j li) c(J]I:;f_Jncl,. CC>:l;-~c'iJi, (iI',:! ;1-'" ,)f: 'i') L~ ')' '1 . c I ~; l I"~ ;I( \If t J',-,j) OL];l)lr.!:~ld I"L: thi::i I.-:()U j rl i t.::; ,11/_',]. ,i n ,;>" II~-' ;d ( c( 'U ~ 1(" ,;; 'I L:lr:' r',-l'J,)_~~/. !:(':;CJ:\,(' CO'Jn(;j Jrei" of UJ(' }y V;~n )-jc;;[; ~;;Iid he ~<:c~~ld .1 ib' to ~_JJ' (';.;;!ctJ'l the tr,:lil aJiqn::I'::nl _;_di:-L~j and ilO'.I 1!1.1.<; "i'f.recL; U;c p.:!;'_-i:. Coun",j] ,:c'cidcd Lu !',J':,: <l !ic,'/(':;l,c,]:' ;J9, i!t. 11('l'ro)', h'~f:, <:,1'1<1 cG:ltir,,~c; ~-.i:i:; I:: ;t:t(!L unt.il 1,:00 dr/~ ~; j t. ~~' t 1,,:-, hr_,j c;: It J n:;),'_ cL: ell 'I'l:r.::.:l;,lj' 'I.'ll r; ~;cl.~; y , p.l;i. N:JVC:illbc~- )~Ul. l<~~J!.~!2.!.:.Y}J:>_~~?:_~l'~}~-;l<J_Ll!2.~~ - S!,)"jJIS StrH;L i\~:'.jnc_i,)tc:-: Bill }:aw! tcJ1cl COUT1CiJ U,j;; H.-quC:;'..: j;-: Lo cO:I[_lo;:;init:11jze' the c>:.i;:;linq office L',l.i]c:;;q (;Jl Lhe CO;-)1<-,:'1: of .spriJi~l ar:d r-;,-,_u: ~;tr('ct. T);(' hu31(iiWi cCJi'I:-:jst:; of sc'}cral ()!':::::"'_'c ll~ {.'" and lhe :_;j1l91(: f()milv house \.;j11 Le' rc,ovc6 dnd _Y'c!placc':::l \-.'ilh il clu!-,-lcx. 'fjle" , _ i,--_,:.: j, pcrr;litle,:: l.JY right. COU1;CJ.J\';(!:'un ,Joh];~;ton d~',b:cl if th_i:; '..:oulc'i cow']"..: <:l~:;:,;,Il~;t: :l(<':~' y(:~r'o' grm..'th !~i'ini1~JC']ilC::lt quot.a. }~<:Hl(! sd_icl it n.J~J':-; 1:10rc .sc:n~;c to see a rL,~;jd<;'~;-:C(' 0:1 '~_11(; JOl rather than a l: 1 ofLic(~ DuildiJlq. CouncjlJ,'dl1 PClrry mo'.'ccI to appTovc; the ~~uhc15"Ji:-;jc,n CXeJ;lpt;on \'1jUI UIC' tl'-'-ce COj~(:; Li('!i C1.S outJine:c1 in the f'lanninq office T:ICr:-lol~E,nc1:L:\; ~-;cCOJldc(l bj' Cour:cj lL,':HI 1;',:i:;!:.;lrt. Councjl\-;oli;all ,John;;to~-I as~:cd if the tcllli:ln0; hJd U1C first rifjhL of rcftl;~(_~J on till' (hi)":;]'::::': tjty llltornc:i liUt.Ull an5\..'C).-c~o this \\'ClS jJlap.t:.roprjatl; CJ~; ther(~ arc 110 c:-:j:o't.illg tCr::.OliCS; the duplex !l~S llot be'oll built ~"ct. All jn favur, motjon carried. IlOLJSIJ~G ~;!_:T'n!,',T Kane: poj j1tcd out that U1C Cou;-;cll i--:as set t1,cms(-;lv2S up c:~; the housins.r E:\.lthori Ly fe"~ t,:::, City of j,:;pc:::n. In the udoptiG!l oj the STo\\-;.;h j:':::\na~jC;lcnt ordinancc~f U'c'Tl' js d pCJlf't sy~:;tJ:r;1 [or three types of hou!,;,inq, 10''';, mCClr"-;:-:ite (Jnd ;r,i_d(~le. The I;lClll call fOl' ,;n ar_._ ,.i rope,rt t."(X') Uw hou;_-;iJl':! c::f ice'r to cHlop\:. ,";l.,'::lHLird:, in:a cTi tcrj.:J. fo:;:.' U;:" ;lOll:;'; '-'1 . 'rh.:' pJ2r:J::~'~r ofJice ,:l:'~f:ed Chucl: Vi(l,-11 to \\'C,rk u;-. thi:; to bt~1p rc:,;oJ'.'l' '-u:,:,:-' pn)~.-,l(':", gc;t stal1Jiln3_s csiahlis~lC(: for 10'" LOC';(~rdtcf 2r.;; rn:ldc.lc jn:_:o:., Vi(1,-,1 Let.'; h,~;C':, i,'o;~k_, \,:ith the co:.mty on csial)liL~hins pri\..:l t;tlicLlillt'S. Vido] f:aid i" \'.'c)}~kL;q t',litl) the' COu!-dy, b~~ ~:l-icJ Lo c::;~(JJ::.J i"b pri(j~ ~_tic's i-nd ~lropl'C: 1:1;-' the cO~lnly fe'll arc i;;:;';l;:t:anL i!J :;J,_c\yjng .1.J; the Cf>;-O;;'l..i:,iL. V.icliJJ. pnj:!!_cd (YJ': ';'(:1- (, ccrt':lin (:COil();11ic rCJ)<:ics L\ICt1 c.J.n i~:-:.(;1.'l: hOli,,--,). )3,-,10-.,' tll,'!L tl']crc ,,:i(' !)('0!.10 ~ ','l ,-11'(' _,J_ candi{:iiL(':~ f(})- l1(l;~:;.i;~(j in ,'lly c]r,~~.~):l;;t.:; \CC',_;, '1.';' poinL t-_C::'I in t:,(, C'-:P pl.'l~~,; >,,-, ,'JY CO;ICCJ, tra ~'i on on J:)\.: __i ',C(';:'(; h::Ju:'.i r:q. ;:C' Cu~::,c ~ 1 h,lr-; Lot (:(~:- i JH'd \.:}-, c(:onO':~ ;_c qrou:, c,,;~ U(' C( ;~~;jclcr,-:(1 fOJ 10\'" incc::'c 110,1 ;1r Vid;,] :'::i~.i-,l Lc [-('It: that. !T.--:'(' C () ," n ~(:(LIC' inco1dc iJ.r" p;:o:),;])J'., ';)(,1':::11},-' ,_,/p,- Cii 'I the J() !J,co."".'_ i~, jJr0]:','~;1/ JJ::(;:i 1](''-1;;; Vjd:ll ~,;ilj,:l ),;;t an ,c'Ql'J"lLr-' \,~':('r SJ,'.~/C'C!O ,.;oulc11,~' (ll:_:,L, '~'hi C-.' 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If till' C<'\"':l,-'j .i'~; tcoJki1: UlJ(lcY', l:l1.'n the 1('", _U!co:~\,_; hc,,":.il;'-j c;,;L;;u>';, pojnlcd 01:1 U,ut t!: jr,co):Jt' t: -::,(>.1<1 i~; i.t!,:'l) ~_;d j c! liC' 1- O,]ll,l tlJCI 1 b,: J 0\-; S J ), Lil' ~1 1 n!"co]~:(', J1l ,(,' i:h~-'iL pr,i(viti(~,: in 1C'~.r, l 0 b<:: ~ .i ,'~ f j ('d in t Lt {)~"-JU~' :::1 fr{'q,~tC' jI\l: U.lcl I ()" i',\I'('d U' lu',,'l'.' .' ;,~ 1.--1) !:l'r f nil,\,' ClTl' 1;;,)1 _il,tc 1.-' :~t....J ,,; of \-.'1],-j t- ern' (1',;:: c 1:~; 1; : ~. \:,) ',: (If $ J :' , non (>J ;' l,' \ ;>)" .s~':l [: ,-11 , "j,: illq. ~.lJ'-1 L< \' j ,;,11 hi :1',[. !:;:,lll' rc:,li lId,,(l ('nunc __i 1 1H" .-let-I:C): pricc' ~1'1~,1 d{,c':'~JL il lJ 1\'('11 inr ""-,' j ;!CCl],I(' he] l li1d~. 10,' (;;,1\ thl Ii 11<';: ! >11" .'--:PC'C ~ i j l"i ,lid i. 11,1 L 1'<111,;':: L J!.,:\. r,c:: ij , ~ pC)ln'l:': !-nr -. '~('J i('~; of hlll,; i 1)<:1. 'J c-, ,-t, '\1 t ',;1' CC":Ij'_~_il l:,,-.1'i:)(',: t:ii"C_;!':~, l\ll L'~i~,i;}l,' () l1'dC ll.l__,-' :d( II.:' i(;c i'C} ];",. .';(i' '", 1 ~ i(q~ !O~ 1,><' :lll_'Ui;;C );~'\I ~II'I !:', t" i ',1\ ; J 'j,'J l: \', ;r.:l,; l-{';;\'l!. \', '-111 .111" rcl y fe': ll'!: ::.1. '" Ul\' v:,;y Chi~ (1J'(j in;' iI' i~' \'.Ti 1 1'01 :'Lt ('.1 (l\\L t h,ll C(,,::j;' iJ l;LOl,/ \ t.llclll 1 (I, I J, '- '\l::I(' l1P, j', ] , ~ 1 ' V it: j Ill:(':," 1,; 'U,'; U-"1 1 " t d ,"' ,;j ~.t ] -1:; (!!~ k J II i .: d l'\' l'.1.:: '. () 1'1 l".' j'I' : \i~ 1 !l.d ~']:pL Cd" " 'Ii. 'jl1 'l'111 :. I(! , \ ~ tl\,' I: :.11(....; ""'--;;i.'.t,lt.' j-;'I',,' ~ ,1 11\ ! 1<., :1) '(II:li (;,' ::.l.l1 .! i d \-: !", . t \ 1: ~ 1: 'J lit ,:1,.' I:' ) I~), ;::1:; /1, I '>C i:: ti ]'':It )',"IrtJl, Cl'U;' ii' '1-,] J-Ll\'\'; l:.ll.1 t \) 11\' , ,1 l I :: .~ 'I,' l;lj ',; 'll ]:d\ i"<1 , " l ~ t . \ (j ";:.,, \Ji' : it" ; (' l ~ ~ 1 i ',1, 1 i ! ~ , ' f \l' ) '.I . , i I {\, ~ : "~I ,J,,::1 1]..' I,' ,Ii'" 11)'1 'jl]1 \': '. ll' I.i ';')1" l , , I ~ :;]1.,,11 j 11') :,." It), 111, ~ , ) "~I; ,Jj- II,' ( ~;, lid'" t1' 01: l',':::' ;dcL ii,i : ii' }'J'\'i 1)' ](' ,l:: ('it. 1'(".';',,1.' i: \\1 ';,,;::,', .1"',1 ' :"" " I" ';ii li 11,\\: III till )'1: il" I.: !' I" l"I:;.' ,"!; I' ',il."ll,! !' 'i'll' (iI:" Ii! "; 'i'I,. .I'l -"-~ ~ . .... -, i l f' , l r, j '-:; ,i;:L.('t'~"~F' t..~. " (t', " ' _1- ~ 'J I - Lt' {' t ~ , ,'--' u CONDOMINIUM DECLARATION FOR THE SPRING STREET CONDOMINIUMS THIS DECLARATION is made this day of 1977, by SPRING STREET ASSOCIATES, a Colorado partnership (hereinafter referred to as "Declarant") I. FOR~~TION OF CONDOMINIUM. ----~._- ~.. - ---- - 1.1 Becit~13_~ Declarant is the owner of real property described on Exhibit A and desires to establish a condominium project under the Condominium Ownership Act of the State of Colorado. The initial development will consist of the conversion of an existing two-story commercial office building into four separately designated commercial condominium units. Declarant contemplates the construction of an additional residential duplex structure consisting of two residential condominium units. 1.2 ~ecl~ation. Declarant hereby states that the n~me of the condominium shall be The Spring Street Condominiu~s and does here'by establish a plan for the ownership in fee simple' of the separate units in the buildings ~nd undivi"k'd fee simple interests in the Limited Commercial and Residential Common Elements of The Spring Street Condominiums. Declarant (loes hereby publish and declare that the fol1 ';;J terms, covc:,!'TnLs, conditions, casements, restrictions, us,="?s, limitations and obligations shall be deemed to run with the real property, shall be a burden and a benefit to Declarant, its grantees, successors and assigns and any person acquiring or owning an interest in the real estate with all its appurtenances. II. DEFINITIONS. 2.1 Declarant. "Declarant" means Spring Street Associates, a Colorado partnership. 2.2 Declaration. "Declaration" means this declaration and supplements thereto, if any. 2.3 Real Property. "Real Property" means that certain land situated in the City of Aspen, County of Pitkin, State of Colorado, more fully described in Exhibit A attached hereto and made a part hereof by this reference. 2.4 Buildi~ "Building" means any building improvement comprising a part of the Real Property and containing Con- dominium Units, as shown and described on the Condominium Map and any supplements thereto which may be filed in the pitkin County records. 2.5 Project. "Project" means the Real Property and all Buildings and other improvements now or hereafter located on the Real Property. / . "_._--.._-~._~ ~-- " 2.6 Condominium Map. "Condominium ?'lap" means the Condominium Map for The-Spring Street Condominiums filed or to be filed in the records of the Clerk and Recorder of pitkin County, Colorado.. The Map may be filed for record in whole or in parts, sections or supplements for the existing commercial office building and for the proposed residential duplex building, as construction of the units and other improvements are substantially completed. The Map lor any part or section thereof) depicting units shall not be filed for record until the building in which the units are located has been sub- stantially completed in order to permit the location thereof, both horizontally and vertically. Each such Map shall be filed for record prior to the conveyance of the condominium units shown thereon. Each such !^ap shall consist of and set forth la) the legal description of the surface of the real estate; (b) the linear measurements and location, with reference to the exterior boundaries of the real estate, of the Buildings and all other improvements built on the real estate by Declarant; (c) floor plans and elevation plans of the Building built thereon showing the location, the Con- dominium Unit designation and the linear dimensions of each Condominium Unit, and the designation of the Limited Comrlon Elements; ld) the elevations of the unfinished interior surfaces of the floors and ceilings as established from a datum plane and the linear measurements showing the thick- ness of the perim"\cr walls. Each such Bap shall contai n the certificaLe of a registered land surveyor certifying that the Map subst:ilJtially depicts Lhe location and the horizontal and vertical measurements of the units, the unit designations, building symbols, ceilings as constructed, the elevations of the unfinished floors and that such Map was preparod subsequent to substantial completion of the impro\<> monts. In interpre~ing the Map, the existing physical bounda' ~s of each separate unit as constructed shall be conclusively presumed to be its boundaries. Declarant reserves the right to amend the clap, from time to time, to conform the same according to the actual location of any of the constructed improvemonts and to establish, vacate and relocate easements, access road easements and onsite parking areas. 2.7 Individual Space. "Individual Space" means an individual air space unit as herein more particularly defined. An Individual Space consists of enclosed rooms occupying part of a Building. Each Individual Space is shown on the Condo- minium Map and is identified thereon with a number. The boundaries of each Individual Space are shown on the Condo- minium Map by heavy lines along the walls, floors and ceilings which mark the perimeter boundaries of the Individual Space. The exact boundaries of an Individual Space are the interior surfaces of such foundations, walls, floors and ceilings which mark the perimeter boundaries and, where found along such foundations, walls, floors and ceilings, the interior surfaces of built-in fireplaces and of windows and doors in their closed position, and the Individual Space includes both the portions of the Building so described and the air space so encompassed. Any Common Elements, as hereinafter defined, which may be within an Individual Space, shall be owned by the owner of the Individual Space as a tenant in common with the other owners. -2- - --~._-+~.---..-,I " 2.8 Condominium Unit. "Condominium Unit" means an Individual Space together with the undivided interest in the Common Elements appurtenant to that Individual Space. The undivided interest in Common Elements appurtenant to each Individual Space is set forth hereinafter. 2.9 Commercial Unit. "Commercial Unit" means a Con- dominium Unit within the-existing cOh~ercial office builcting as shown by the Map or on any amendments to such Map, said Commercial Unit to be used for commercial purposes as is more fully set forth hereinafter. 2.10 Residential Unit. "Residential Unit" means a Condominium Unit in the proposed residential duplex building as will be shown by a Supplemental Map and to be designated on an additional exhibit hereto, such unit to be used for residential purposes as is more fully set forth hereinafter, 2.11 Owner. "Owner" means the person or persons or entity or entities, including Declarant, who own fee simple title to the Condominium Unit. The term Owner shall not include the owner or owners of any lesser estate or interest. 2.12 Guest. "Guest" means any employee, tenant, guest (\',hether or-not-for hire) or invitee of an Owner; and any person or entity who has acquired any title or interest, less than fee simp Ie, in a Condom i..ni urn Uni t by, through or un(1L'r an Owner, including a lessee or licensee and any employee, tenant, guest (whether or not for hire) or invitee of any such person or entity. 2.13 HortSL"'Le_e._ "Mortgagee" means any person or enti..l- \;ho is a mortgagee llnder a recorded mortgage or a bellefj_ci6~ <lr,.-ler a recorded dc,ed of trust or the hold"r of a similar recorded security illS trument encumbering a Co;]dominium ljni t. "First Mortgage" means the Mortgagee under the first and most senior of all recorded mortgages, deeds of trust and similar instruments encumbering a Condominium Unit. 2.14 Association. "Association" means The Spring Street Condominium Association, Inc., a Colorado corporation not for profit, its successors and assigns. 2.15 Common Elements. "Common Elements" means and includes the structural-components of the Building, existing or proposed, the components for utilities and all other parts and improvements on the real estate necessary or convenient to its convenience, maintenance and safety which are normally and reasonably in common use, including the air above the real estate, all of which shall be owned, as tenants in common, by the Owners of the separate Condominium Units, each Owner having an undivided percentage or fractional interest in such COIT~on Elements as is provided for at Exhibit B. 2.16 Limited Commercial Common Elements. "Limited Commercial Common Elements" mea'ns those parts--Of the Common Elements which are reserved for the exclusive use and enjoyment of one or more Owners of a Commercial Unit. -3- 2.17 Limited Residential Common Elements. "Limited Residential Common Elements" means those parts of the Common Elements which are reserved for the exclusive use and enjoyment of one or more Owners of a Residential Unit. III. DECLARATION AND EFFECT THEREOF. 3.1 Declaration. Declarant for itself, its successors and assigns, as owner of the Project, hereby declares that the Project shall at all times be owned and held in condominium ownership under the Condominium Ownership Act of the State of Colorado and shall at all times be owned, held, used and occupied subject to the provisions of this Declaration. 3.2 Division into Condominium Units. The Project is hereby divided into Condominium Units, each consisting of a separate fee simple estate in a particular Individual Space and an appurtenant undivided fee simple interest in the Common Elements and Limited Commercial or Residential Common Elements, as is set forth on Exhibit B. Each Owner shall own his appurtenant undivided interest in the Common Elements as a tenant in common with all other Owners. 3.3 Description of a Condominium Unit. Any instrument affecting a Condominium-Unit may legally describe it by reference to the identifying Condominium Unit number shown on the Condominium Map. This identifying number for a Condo- minium Unit in the Project is the number on the Condominium Map identifying the Individual Space which is part of that Condominium Unit. A legal description of a Condominium Unit in the Project may be in the following form: Commercial (Residential) Condominium Unit Spring Street Condominiums, City of Aspen, County, Colorado, according to Condominium at Page , of Plat Book , Pitkin records. , The Pitkin Map recorded County and any conveyance or other instrument affecting title to a Condominium Unit or any part thereof shall be deemed to include and describe the entire Condominium Unit including the appurtenant undivided interest in Common Elements and all of the rights, easements, obligations, limitations, encumbrances, covenants, conditions and restrictions benefiting or burdening the Condominium Unit under the terms of this Declaration. Any reference to The Spring Street Condominiums in any description shall mean The Spring Street Condominiums according to the Condominium Map and this Condominium Declaration, both as filed and recorded in the Office of the Clerk and Recorder of Pitkin County, Colorado. 3.4 Duration of Condominium Ownership. The condominium ownership of the PrOJect created under this Declaration shall continue until this Declaration is terminated or revoked as hereinafter provided. 3.5 Inseparability. The separate estate in an Individual Space and the appurtenant undivided interest in Common Elements which constitute a Condominium Unit shall be inseparable for the period of condominium ownership hereinabove described. -4- 3.6 be owned judicial thereof, thereof. Partition not Permitted. The Common Elements shall in common by all Owner-s~and there shall be no or other partition of the Common Elements, or any part nor shall any Owner bring any action seeking partition 3.7 Ad valorem Taxation. All taxes, assessments and other charges-of th-e StateOfColorado or of any political subdivision or of any special improvement district or of any other taxing or assessing authority shall be assessed against and collected on each Condominium Unit separately and not on the Building or Project as a whole and each Condominium Unit shall be carried on the tax books as a separate and distinct parcel. For the purpose of valuation for assessment, the valuation of the Common Elements shall be ilpL)ortioned among the Condominium Units in proportion to the fractional undivided interests in Common Elements included in such Condominium Units. The Association shall deliver to the County Assessor of Pitkin County, Colorado, a written notice as required by the Condominium Ownership Act of Colorado, setting forth descriptions of the Condominium Units and shall furnish all necessary information with respect to such apportionment of valuation of Common Elements for ass',',O,sment. The lien for taxes assessed to any Condominium Unit shall be confined to that Condominium Unit. No forfeiture ar sale of any Condominil1iU Unit for delinquent taxes, a:'~ ~i~nts or other governmental charges shall divest or in any way affect the title to any other Condominium Unit. 3.8 !1Gchani_cs Liens. No labor performed or ]~aterials L l!:'ois:lCd for-~use'-rn---connection with Jny CG;:::;~:,~~~ini.um Unit -,~llh th(~ CC-J":sont or at the request of t~-;.-~ r.,'- i(:L nf such (~()ncJominium Unit or his agent, contrac'_CL- ,,:C s'..1bcontri:'1ctor shall create any right to file a statel[,ent of mechanic' s li,~n against the Condominium Unit of any other Owner not expressly consenting to or requesting the same or against any interest in the Common Elements except the undivic1cd interest therein included in the Condominium Unit of the O~ner for whom such labor shall have been performed or such materials shall have been furnished. Each Owner shall indemnify and hold harmless each of the other Owners from and against liability or loss arising from the claim of any lien against the Condominium Unit, or any part thereof, of such other Owner for labor performed or materials furnished for use in connection with the first Owner's Unit. At the written request of any Owner the Association shall enforce such indemnity by collecting from the Owner of the Condominium Unit on which the labor was performed and/or for which the materials were furnished the amount necessary to discharge any such lien, including all costs incidental thereto, including reasonable attorney's fees. If not promptly paid, the Association may collect the same in the manner provided herein for collection of assess- ments for the purpose of discharging the lien. -5- IV. VARIOUS RIGHTS AND EASEMENTS. 4.1 Owner's Rights in Common Elements. Subject to the provisions of this Declaration, each Owner and each Owner's Guests shall have a nonexclusive right to use and enjoy the Common F.lements for the purposes for which they are intended, provided there is no hindrance or encroach- ment upon the lawful rights of use and enjoyment of other Owners and their Guests as described in this Declaration and the rules and regulations of the Association. 4.2 Owner's Rights in Limited Commercial or Limited Residential Common-Elements. -SubJect to the provisions of this Declaration, each Owner and each Owner's Guests shall have an exclusive right to use and enjoy the Limited Commerci~l or Residential Common Elements included in the Condominium Unit owned by such Owner. 4.3 Owner's Rights in Individual Space. Subject to the provisions-'6TfhisDec-laration, each Owner shall have full and complete dominion and ownership of the Individual Space which is part of the Condominium Unit owned by such Owner and each Owner and each Owner's Guests shall have the exclusive right to use and enjoy the same. Each OWIler sIlall lldve tIle right to pai11t, rcpaj.nt, ti_10, wax, paper and otherwise refinish and decorate the interior surfaces of the walls, ceilings, floors and doors which are within the boundaries of his Individual Space. 4. 4 l";s()c_iat~,on. 1'<_i.2b..ts. The AssocL,;:ion shall have '1 non(--=yclu.~;i'~';~ right and easement to make s',Jc::h use of c~~,_: :-,un ElcT:~c;nts as L-,.3.Y :)8 necessary or appropriat!~ for iti~o perform the duties and functions which it is obligated or per- mitted to perform under this Declaration, and a nonexclusive right of entry, after reasonable notice to the Owners, during reasonable hours, into such Limited Commercial or Residential Common Elements and Individual Spaces as may be necessary for the operation of the Project or for making emergency repairs therein necessary to prevent damage to any Condominium Unit or to Common Elements. 4.5 Owner's Easements for Access, Support and Utilities, Each Owner-shaTl-havea-;1onexcTusive easementfor access - be- - tween the Individual Space which is part of the Condominium Unit of such Owner and public roads and streets, including, without limitation, over the recreation areas, open space, landscaped areas, parking areas, driveways, and any other exterior access and/or other easements which are part of the Common Elements; each Owner shall have a nonexclusive easement in and over Common Elements, including Common Elements within the Individual Space of another Owner, for horizontal and lateral support of the Individual Space which is part of his Condominium Unit and for utility service provided to that Individual Space, including water, sewer, gas, electricity, telephone and television service. -6- 4.6 Easements for Encroachments. If any part of the Common Elements encroaches or--shall hereafter encroach upon an Individual Space, an easement for such encroachment and for the maintenance of the same shall exist. If any part of any Individual Space encroaches or shall hereafter encroach upon the Common Ele:ncnts, or upon another Individual Space, the Owner of that Individual Space shall have an easement for such encroachment and [or the maintenance of the same. Such encroachments shall not be considered to be encumbrances either on the Common Elements or on Individual Spaces. Encroachments referred to herein include, but are not limited to, encroachments caused by error in the original construction of any Building, by error in the Condominium Map, by settling or shifting of any Building, or by changes in position caused by repair or reconstruction of the Project or any part thereof. 4.7 Easements in Individual Space [or Repair, i'laintenance-and Emergencies. Some'of theCommon Elements are or Dlay be-located-wid:;Tn ;;;r;-Ir,dividual Space or may be conven- iently accessible only through an Individual Space. The Association shRll have dl1 easement for access through cae]l Individual Space [rom time to time during such roasonable hours as may be necessary for the maintenance, repair or replacement of any of t:hc ("J'T<,11(,n Elements located therein or accessible. thc;]_-ef L '_'J\ ur ;=-ur ;n,1king cmcr(Jcncy repairs therein necessary to i:~' L _..:\,-t;~r1t d_-l:~I;'_l}e 1_0 the COj;_unon El,;:~-;;-~!1tS or to another IndiviJ\131 S~~ce. 4.8 Negligence or willful '1j,sconduct. Any d3'"3ge to :"'1' C~)!1d();Tlini urn -Uni t -'C3_-;- -;1" b}T --t-f~e-~negl:{g-ence-or will en 1. Fli :-3\~:)n-- '_:"_-:_ct of the Associ-T!--} '~<l Dr ,_,-::lY of its agents during d.ilY I ~-\i cy i~-:to ciny Individual ~2 __ ~11 be repaired by and at the expense of the Association. 4. 9 ~i2ht to f,:,mp_ine CClJ1<Jomill~um Qni ts. Subject to th(~ following provisions. an Owner shall have the right to combine a Condominium Unit with one or More adjoining Condominium Units. Declarant, and any successor or assign of Declarant who has succeeded to substantially all of the assets and business of Declarant, shall have the foregoing right without the necessity of approval by the Association. Any other Owner shall have such right only after obtaining written approval from the Association. A combination of Condominium Units shall become effective only when the Owner of the Condominium Units which are to be combined executes and records in the Office of the Clerk and Recorder of pitkin County, Colorado, a written statement describing the Condominium Cnits to be combined and declaring that the same are combined. In the event of such combination of Condominium Units, the Individual Spaces of each may be deemed one Individual space and the undivided interest in Common Elements appurtenant to each of the Individual Spaces so combined may be deemed combined and, as combined, appur- tenant to the one enlarged Individual space which results from the combination. In the event of such combination, any part of the Building within the new perimeter boundaries of the combined Individual Spaces shall cease to be COR~on -7- Elements if such part of the Building would not have consti t". d Common Elements had the combined Individual Spaces been originally designated on the Condominium Map as a single Individual Space. The number of Points allocated to such combined Condominium Unit shall equal the sum of the Points previously allocated to each Condominium Unit so combined. 4.10 Partition of Individual Spaces Prohibited. No Owner shall partition-or subdivide al1Y Condominium unit so as to convey to a prospective Owner an interest in less than an entire Individual Space; provided, however, that an Owner of a Condominium unit consisting of two or more Condominium Units combined pursuant to Article 4.9 may partition and sub- divide such Condominium Unit into Condominium Units conforming to the dimensions of the Individual Spaces described in the Condominium Map defined in Article 2.6 hereof. An OloJner shall have the right, if such Owner owns two adjacent Condominium Units, to create a doorway between the Individual Spaces in any common wall. This Article is not intended, however, to prohibit joint or common ownership by two or more persons oc entities of a Conrlominium Unit. 4.11 Other Liens Against Common Elements or Limited COilunon ElemE,n-ts-:- No -add{tional-TJ~E--ns, -othei- than mechanics' liens, assessment liens or tax liens, or any other specific liens specifically provided for herein, may be obtained "'F,L' the Common Elements or Limited Cornmon Elements in which a;>)' Owner has a percentage ownership. V. THE ASSOCIATION. 5.1 General Purposes and Po~crs. The ^ssociation 1125 J':>(;I:D or wiII-- be----Tncorpor-atedto--be-~-nd cO;lstitutl~ the Assocj_ to which reference is made in this Declaration. 5.2 !Iembership. O,,;ner and for -so-Tong of the Association. Each Owner, by virtue of being an as he is an Owner, shall be a member 5.3 Board of Directors, The affairs of the Association shall be managed by a Board of Directors which may by resolution delegate any portion of its authority to an Executive Comlllittee composed of not fewer than two Directors. Hembers of the Board of Directors shall be elected annually by Owners. The number and qualifications of Directors shall be as provided in the Articles of Incorporation and Bylaws of the Association. All of the Directors shall be Owners of Condominium Units except those Directors who are elected while Declarant is the Owner of three or more Condominium Uni's, 5.4 Voting Rights. Each Owner shall be entitled to the same percentage vote as such Owner's percentage interest in the Common Elements. Unless otherwise provided in the Articles of Incorporation or Bylaws of the Association, voting by proxy shall be permitted. In the event of multiple Owners of the same Condominium Unit, the multiple Owners shall share the votes assigned to the Condominium Unit so owned in the same proportionate interest as fee simple title to the Condominium Unit is held. Subject to Declarant's voting rights as above set forth, at any election of the members of the Board of Directors of the Association, every Owner entitled to vote may cumulate his votes and give anyone or more candidates a number of votes equal to the number of votes said Owner may cast multiplied by the number of Directors to be elected. -8- II ,J"''' '-' /", '-' The right to vote may not be severed or separated from any Condominium Unit, and any sale, transfer or conveyance of any Condominium Unit to a new Owner or Owners shall operate to transfer the appurtenant voting rights without the requirement of any express reference thereto. 5.5 Notices. Each Owner shall be entitled to notice of ---_.~ any meeting at which such Owner has the right to vote. Notices of meetings shall be in writing and shall state the date, time and place of the meeting and shall indicate each matter to be voted on at the meeting which is known to the Association at the time notice of the meeting is given. Such notices shall be given not less than ten (10) nor Inore than fifty (50) days before the date of the meeting. Any notice shall be deemed given and any budget or other information or material shall be deemed furnished or delivered to a party at the time a copy thereof is deposited in the mail or at a telegraph office, postage or charges prepaid, addressed to the party, and in any event, when such party actually receives such notice, in- fOLoation or material. Any notice, information or material shall be deemed properly addressed to an Owner if it is d(;d:c(~~3~3!.?d to the name and address sho\'ln on the most recent written notice of name and address, if any, furnished to the Association by such Owner or, if a name and address is not so furnished, if it is addressed "To the Owner" at the address of tIle CO!1domini.um Unit of such OWller. 5.6 Record Date, The Board of Directors of the ~----------~ - --------- Association shall have the power to fix in advance a date as a record date for the purpose of determining Owners entitled to -o~jce of or to vote at any meeting or to be furnished ',.-, ;-'-' _'- _l'Jct or other infonnation or material, or in oreer ... '!. ~21~-_ermination of OW1.1215 for any purpose. Notwith-- '_j ,,:1.y provi sians of Article 5.5 li2reof to the contrary, the Owners existing on any such record date shall be deemed the Owners for such notice, vote, meeting, furnishing of in- fcrsation or material or other purpose and for any supple- -.ry notice, or information or material with respect to the ~ame matter and for any adjournment of the same meeting. A record date shall not be more than fifty (50) days prior to the date on which the particular action requiring deter- mination of Owners is proposed or expected to be taken or to occur, If no record date is established for a meeting, the date on which notice of such meeting is first given to any Owner shall be deemed the record date for the meeting. 5.7 Quorums. The presence of Owners who hold votes equal to one-third of the total voting power of the Association, in person or by proxy, at a meeting to consider a matter shall constitute a quorum for consideration of that ~atter. If a quorum is established for consideration of a matter, except as a greater percentage of votes is required under a specific provision of this Declaration, and subject to Declarant's voting rights as set forth in Article 5.4, a majority of the votes cast on the matter or, in the case of elections in which there are more than two candidates, a plurality of votes cast, shall decide the matter. -9- JJ .... .., ~'.o/ ..., "-' 5.8 Articles of Incorporation and Bylaws. The purposes and powers of the Association and the rights and obligations with respect to Owners as members of the Association set forth in this Declaration may and shall be amplified by provisions of the Articles of Incorporation and Bylaws of the Association, including any reasonable provisions with respect to corporate matters, but in the event that any such provi- sions substantially conflict with any provision of this Declaration, the provisions of this Declaration shall govern. VI. CERTAIN RIGHTS AND OBLIGATIONS OF THE ASSOCIATION. 6.1 Association as Attorney-in-Fact for Owners. The Association is hereby irrevocably appointed attorney-in-fact for the Owners of all Condominium Units and each of them to manage, control and deal with the interest of such Owner in Common Elements so as to permit the Association to fulfill all of its duties and obligations hereunder and to exercise all of its rights hereunder; to deal with the Project upon its destruction or obsolescence as hereinafter provided; and to deal with and handle insurance and insurance proceeds and condemnation and condemnation awards as hereinafter provided. The acceptance by any person or entity of any interest in any Condominium Unit shall constitute an appointment of the Association as attorney-in-fact as herein provided. 6.2 Common Element Maintenance. The Association shall be obligated to provide for the care, operation, management, maintenance, repair and replacement of the Common Elements. Without limiting the generality of the foregoing, said obligations shall include keeping the Common Elements in good, clean, attractive and sanitary condition, order and repair; removing snow and any other materials from the Common Elements to permit access to the Project and to the Individual Space of each Condominium Unit, keeping the Project safe, attractive and maintained in a manner desirable as a residential community; and making necessary or desirable alterations, additions, betterments or improvements to or on the Common Elements. Notwithstanding anything herein contained to the contrary, Owners of Commercial Units shall be obligated as above with respect to the maintenance of Limited Commercial Common Elements and Owners of Residential Units as to Limited Residential Common Elements. 6.3 Other Association Functions. The Association may undertake or contract for any lawful activity, function or service for the benefit, or to further the interests, of all, some or any Owners of Condominium Units on a self-supporting, special assessment, or common assessment basis. Such activities, functions or services may include the providing of police or similar security services, the providing of firewood, the providing of legal and accounting services necessary or desirable in connection with the operation of the Project or the enforcement of this Declaration, and trash collection, sewer service and other common services. If such functions or services include furnishing or providing services for the care and maintenance of Condominium Units or the renting, leasing, purchase, sale or exchange of Condominium units on behalf of Owners, no Owner shall be required to utilize the Association for such services and all costs and expenses shall be charged to the Owners who utilize such services and not to any other Owners. -10- I. ,,;..... ~ " '."'- 6.4 Labor and Services. The Association may obtain and pay for theservices of any-person or entity to manage its affairs, or any part thereof, to the extent it deems advisable, as well as the services of such other personnel as the Association shall determine to be necessary or desirable for the proper operation of the Project, whether such personnel are furnished or employed directly by the Association or by any person or entity with whom or which it contracts. No change in such person or entity shall become effective until thirty (30) days after written notification of such change (not including any change in employees of a corporate entity) is sent to any mortgagee whose name and address is expressly provided in the recorded mortgage, deed of trust or other lien. 6.5 Personal Property ofl\ssociation. The Association may acquireEind hold-tangible--and' intangible personal property and may dispose of the same by sale or otherwise. Subject to the rules and regulations of the Association, each Owner and each Owner's Guests may use such property. Upon termination of condominium ownership of the Project and dissolution of ; 1'0 Association the beneficial interest in any such property s].'ll be deemed to be owned by the then Owners in the sume propo(i ion as their respective interests in the Common Elements. 6.6 Rules and Regulations. The Associalci,on ,"ay "U;'C i1! j C'nforce r(~aso-l)-:ib}e-and--linI-forrnIy applied rules 3nd rC(Julat i(~,jl:) governing the use of Individual Space and of Corr:C,lOn El em'-flt!;. Such rules and regulations may, without limitation: (a) ce'ju- late use of Common Elements to assure equitable use and enjoy- ment by all perSO!1S onti_tled tl1ereto; (b) require that draperies, sba:-~(~s 1)( otller \.,lindow coverings ~:-)7"ll present ,1 uniform and att_},-,'-icti'~'(3 3LJpc.:arance from the e:T~t,-"l:-ior of tile Building; and (c) assign particular portions of storage ar2ilS within the Common Elements for exclusive use by Owners of particular Condominium Units. The Association shall furnish each Owner with a written copy of each and every rule or regulation adopted pursuant to this Article 6.6; however, failure to furnish said copy shall not be deemed to invalidate said rules or regulations to any extent. The Association shall have the right to enforce any of ~ne rules and regulations of the Association, the obligations of any Owner under this Declaration or any provision of the Articles or Bylaws by having the Association assess a fine against such Owner and/or suspend the right of such Owner to use the recreational Common Elements and/or suspend the right of such Owner to vote at meetings of the Association; pro- vided that any such fine may not exceed the sum of Two Hundred Dollars ($200.00) per violation and such use and/or voting suspension may not be imposed for a period longer than thirty (30) days per violation. If any such fine imposed on an Owner by the Association is not paid by said Owner within sixty (60) days after said Owner has received from the Association written notice of the imposition of such fine, then the amount of such fine shall be added to the amount of the regular assessment charged to said Owner and shall be enforceable as an Assessment in accordance with Article VII hereof. No penalty may be imposed under this paragraph until -11- , , the Owner accused of any such violation has been afforded the right to have a hearing before the Board of Directors of the Association or a committee designated by the Board to conduct such hearing, or has, in writing, waived such right. Each such Owner shall have the right to be heard in person, by submission of a written statement, or through a spokesman, at any such hearing. The Association may also take judicial action against any Owner to enforce compliance with such rules, regulations or other obligations or to obtain damages for non-compliance, all to the extent permitted by law. 6.7 No Right of First Refusal. The Association shall have no right of first refusal or the authority to impose other restrictions concerning the sale or lease of a Condominium Unit or any other restraints on the free alienability of the Unit, except as otherwise provided for herein. 6.8 Implied Rights. The Association shall have and may exercise any right or privilege given to it expressly by this Declaration, or reasonably to be implied from the provisions of this Declaration, or given or implied by law, or which may be necessary or desirable to fulfill its duties, obligations, rights or privileges. VII. ASSESSMENTS. 7.1 Agreement to Pay Assessment. All owners shall be obligated to pay the assessments, either estimated or actual, imposed by the Association to meet the expenses connected with the maintenance and operation of the Condominium Project as set forth in the Declaration and in the By-Laws for the Condominium Association. 7.2 Assessments for Common Expenses. The assessments shall be based upon advance estimates by the Board of Directors to provide for the payment of all estimated expenses arising out of or connected with the maintenance, repair and operation of the Common Elements, which sum may include, but shall not be limited to, expenses of management; for fire insurance with extended coverage and vandalism and malicious mischief with endorsements attached issued in the amount of the maximum replacement value of all of the Condominium Units (including all fixtures, interior walls and partitions, decorated and finished surfaces of perimeter walls, floors and ceilings and other elements or materials comprising a part of the Units); casualty and public liability and other insurance premiums; common lighting and heating; common water and sewer charges; snow removal; trash and garbage collection; repairs, replacements and maintenance of the Common Elements; wages for Association employees; legal and accounting fees; any deficit remaining from a previous period; the creation of a reasonable contingency reserve, working capital and sinking fund; and any other costs and expenses relating to the Common Elements. Notwithstanding anything herein contained to the contrary, Owners of Condominium Units shall be responsible for payment of assess- ments related to Limited Commercial Common Elements and Owners of Residential Units as to Limited Residential Common Elements. -12- /" 7,3 Apportionment of Assessments. The assessments for the Common Elements shall be made according to each Owner's percentage or fractional interest in and to the Common Elements; the assessments for the Limited Residential Com~on Elements shall be made according to each Owner's percentage or fractional interest in and to the Limited Residential Common Elements and the assessments for the Limited Commercial Common Elements shall be made according to each Owner's percentage or fractional interest in and to the Limited Commercial Common Elements. 7.4 Notice of Assessments and Payment Thereof. Assessments for the estimated Common Expenses shall be due in advance on the first day of each calendar quarter or more frequently as may be determined by the Board of Directors or the Managing Agent. The Board of Directors shall prepare and deliver or mail to each Owner a statement for the estimated or actual Common Expenses at least ten days prior to the first day of each calendar quarter. Each monthly assessment shall bear interest at the rate of 8% per annum from the date it becomes due and payable if not paid within ten (101 days after such date. Failure of the Board of Directors to give timely notice of any assessment as provided herein shall not affect the liability of the Owner of any Condominium Unit for such assessment, but the date when payment shall become due in such a case shall be ten days after such notice shall have been given. 7.5 Special Assessments. There shall be no additions, al terations or improvements of or to the Cornmon Elements and Limited Common Elements by the Association rcoquiring an ~x9cnditure in excess of One Ilundred Dollars 92r Unit in any i.!c:2 calc~ndar year without prior approval of t}~~ Ov,'ncrs of 30% or {<-,ore of the Cornman l.~l\::::;~ients if such addition, al t:c,r,,,tion or improvement is to a Common Element or the O'dners of 80% or more of the Limited Residential Common Elements if such addition, alteration or improvement is to a Limited Residential Common Element, or the Owners of 80% or more of the Limited Commercial Common Elements, if such addition, alteration or improvement is to a Limited Commercial COMTIOn Element, and such expenditure shall be apportioned in accordance with the provisions of Section 7,3. Such limitation shall not be applicable to the replacement, repair, maintenance or obsolescence of any General or Limited Common Element or common personal property. 7.6 Lien for Assessments. All sums assessed to any Condominium Unit pursuant to this Article, together with interest thereon as provided herein, shall be secured by a lien on such Condominium Unit in favor of the Association. Such lien shall be superior to all other liens, and encumbrances on such Condominium Unit, EXCEPT only for: (al valid tax and special assessment liens on the Condominium Unit in favor of any government assessing authority; and (bl a lien for all sums unpaid on a first Mortgage duly recorded in the pitkin County, Colorado, real estate records, including all unpaid obligatory advances to be made pursuant to such Mortgage and all amounts advanced pursuant to such Mortgage and secured by the lien thereof in accordance with the terms of such instrument. All other lienors acquiring -13- 'I liens on any Condominium unit after the Declaration shall have been recorded in the public records shall be deemed to consent that such liens shall be inferior to future liens for assessments, as provided herein whether or not such consent be s?ecifically set forth in the instruments creating such liens. To evidence a lien for sums assessed pursuant to this Article, the Association may prepare a written notice of lien setting forth the amount of the assessment, the date due, the amount remaining unpaid, the name of the Owner of the Condominium unit and a description of the Condominium Unit, Such a notice shall be signed by the Managing Agent, by one of the Board of Directors or by an officer of the Association and may be recorded in the office of the County Clerk and Recorder of pitkin County, Colorado. No notice of lien shall be recorded until there is a delinquency in payment of the assessment, Such lien shall attach from the due date of the assessment. Such lien may be enforced by judicial Foreclosure by the Association in the same manner in whi(~}l !nt)~tuaS0S on real property may be foreclosed in Colorado. In any ,:o11ch foreclosure, the Owner shall be required to pay the costs and expenses of such proceeding, the costs and expenses of filing the notice of lien and all reasonable attorney's fees. All such costs and expenses shall be secur,?d by the lien being foreclosed. The O\\'ner shall also be requir2d to pay to the A!5S0ciati.oll any assessments against the Conducj,n5_um Unit which shall become l'lue during the period of foreclos1Jre. The Association shall have the right and power to bid at the foreclosure sale or other legal sale and to acqu]_ r?, 1-'0 '.d, C,)llVc;y, enc1.nnber and otherwise deal with , ~-~-.~ .:ll:-~or tfic~reof. __ ~C of 110tice of lien shall Le eX__c11ted by the Managing Agent, by one of the Board of Directors or by an officer of the Association and recorded in the Pitkin County, colorado real estate records, upon payment of all sums sec'ced by the lien which has boen made the subject of a recorded notice of lien, Any person holding a lien on a Condominium Unit may pay, but shall not be required to pay, any amounts secured by the lien created by this Section, and upon such payment such person shall bc'ubrogated to all rights of the Association with respect to such lien, including priority. Upon request of a Mortgagee, the Association shall report to the Mortgagee of a Condominium Unit any unpaid assessments remaining unpaid for longer than twenty-five days after the same are due; provided, however, that such Mortgagee first shall have furnished the Association with written notice of such Mortgage. 7.7 Personal Obligation of Owner. The amount of any assessment agaifls~ny Condominium Unit shall be the personal obligation of the Owner thereof to the Association. Suit to recover a money judgment for such personal obligation shall be maintainable by the Association without foreclosing or waiving the lien securing the same. No Owner may avoid or diminish such personal obligation by waiver of the use and enjoyment of any of the COffif,10n Elenents or by abandonment of his Condominium Unit. -14- ..I .."...... 7.8 Statement of Account. Upon payment to the Association of-a-reasonabl~fee not to exceed $25.00, the upon written request by any Owner or any Mortgagee, prospective Mortgagee or bona fide prospective purchaser of a Condominium Unit, the Association by its Managing Agent, or by the Treasurer of the Association, shall issue a written state- ment setting forth the amount of the unpaid assessments, if any, with respect to such Condominium Unit, the amount of the current quarterly assessment and the date that such assessment becomes due, credit for advanced payments or prepaid items, including, but not limited to, an Owner's share of prepaid insurance premiums, which statement shall be conclusive upon the Association in favor of persons who rely thereon in good faith. Unless such request for a statement of account shall be complied with within twenty days, all unpaid assessments which became due prior to the date of making such request shall be subordinate to the lien of a Mortgagee which acquired its interest subsequent to requesting such statements. Where a prospective purchaser makes such request, both the lien for such unpaid assess- ments and the personal obligation of the purchaser shall be released automatically if the statement is not furnished within the twenty day period provided herein, provided the purchaser subsequently acquires the Condominium \"1 it. 7.9 Personal Liability of Purchaser for l,s:C:"".',,-,nts. Subject to--the provisions-o-f S;?'ction-T.uS;- a pUJ'..c transferee of a Condominium Unit ,;hall be jointly ,_0 severally liable with the seller or transferor 'uc 'i 1 ,T,),] i d assessments against the Condominium Unit up to the i_~~d2 of the grant or conveyance, without prejudice to the purchaser's right to l-f~cover f!"()~n the ~,C'112r the amount ~)aid 1::.'. ? purchaser 'cor s,]ch 0~::;S:-:::::,:- ,!i.:nt:s. 7.10 Estoppel Certificate. Upon payment of a reaso:cccble fee not to exceed-S20~OO and upon written request of any Owner or any person with any right, title or interest in a Condominium Unit or intending to acquire any ri01!t, title or interest in a Condominium Unit, the Association shall furnish a written statement setting forth the amount of any Assessments, charges, fines or penalties, if any, due or accrued and then unpaid with respect to the Owner of the Condominium Unit and such Owner's Guests and the amount of the Assessments for the current fiscal period of the Association payable with respect to the Condominium Unit, which statement shall, with respect to the party to whom it is issued, be conclusive against the Association that no greater or other amounts were then due or accrued and unpaid. VIII. " USE AND OTHER RESTRICTIONS. 8.1 Use of Residential Units. Each such Individual Space shall be-Used for residential purposes only. No Individual Space shall be used at any time for business or commercial activity except that, subject to the rules and regulations of the Association, the Owner may lease or rent his Individual Space for private residential, living or sleeping purposes and Declarant, or its nominee, may use one or more Individual Spaces as a model or display unit and rent the same to members of the Public until all Condominium Units owned by Declarant are sold. -15- 1!- 8.2 Use of Corr~ercial Units. Each such individual space may be used for business purposes as are permitted by the ordinances of the City of Aspen, provided the noise or other activity from such business does not unreasonably disturb the other Condominium unit Owners. 8.3 Common Elements Restrictions. lJo Olvner and no Owner's Guest-shaIi obstruct~-damage---or commit waste to any of the Common Elements. No Owner and no Owner's Guests shall change, alter or repair, or store anything in or on, any of the Common Elements without the prior written consent of the Association. 8.4 No Imperiling of Insurance. No Owner and no Owner's Guests-s]1all-C!0 anything-or cause anything to be kept in or on the Project which might result in an increase in the insurance premiums of insurance obtained for the Project or which might cause cancellation of such insurance, without the prior written consent of the Association. 8.5 No Violation of Law. No Owner and no Owner's Gue:3ts shall do anything or keep anything in or on the Project 1,:hic11 would be in violation of any statute, rule, ordinance, regulation, permit or other validly imposed requirement of any governmental body. 8.6 No Noxi.ous, Q.~_f~-'0.?ive_ H;~~_~r~~.C?~~~ or_ AJ1noyJ;:_~ Activities. --Bo n~xious or offensive activity shall be carr red ~onupon any part of the Project nor shall anylhing be done or placed on or in any part of the Project which is or re,ay become a nuisance or cause embarrassm<?nt, distu"'c,:uce or annoyance to others. No activity shall be cone:.,.' ".cd, a:L1 :10 i]~provements shall be made or constructed, on d~lY ~,3rt of U-j2 Pt:oject 'i.d1ich are or I'd_ght be unsafe or hazarc10Js cO aflY p<?rson or property. No sound shall be emitted on any part of the Project which is unreasonably loud or annoying to others. No odor shall be emitted on any part of the Project which is unr<?asonably loud or annoying to others. No odor shall be emitted on any part of the Project which is noxious or off~nsive to others. No light shall be emitted from any part of the Project which is unreasonably bright or causes unreasonable glare. Determinations with respect to whether or not a parti- cular activity or occurrence shall constitute a violation of this Article 8.6 shall be made by the Board of Directors of the Association and shall be final. 8.7 No Unsightl~~~~~ No unsightliness shall be permitted on or in any part of the Project. without limiting the generality of the foregoing, nothing shall be kept or stored on or in any of the Common Elements, nothing shall be hung or placed upon any of the Common Elements, and nothing shall be placed on or in windows or doors of Individual Spaces which would or might create an unsightly appearance. Determinations with respect to whether or not a parti- cular activity or occurrence shall constitute a violation of this Article 8.6 shall be made by the Board of Directors of the Association and shall be final. -16- II , 8.8 Restriction ~~ Sign~~ No signs or advertising devices of any nature shall be erected or maintained on any part of the Project without the prior written consent of the Association. The Association shall permit the placing of at least one sign of reasonable size and dignified form to identify the Project and the Condominium Units therein. Nothing herein contained shall prohibit or restrict in any way the Declarant's right to construct such promotional signs or other sales aids on or about any portion of the Project which it shall deem reasonably necessary in connection with its sale of Condominium units. 8.9 Antennas. No radio, television or other type of antenna shaT:C,-wlthout the' ,vritten consent of the Association, be installed or maintained on Lhe roof or exterior of any Building in the Project. 8.10 Maintenance of Individual Space. Each Individual Space and afliml)rOvel-nents~-fTxtu:res,-.furniture and equipment therein shall be kept and maintained by the Owner thereof in a clean, sale, attractive and sightly condition and in good repair. No structural alterations within any Individual Space shall be made and no electrical, plumbing or similar '<ark within any individual '3pace shall be done 'vithout the prior written COJ1Sent of the Association. 8.11 No Violation of Rul~s. No Owner's Guests shall violate the--ruJ'--es-a-I1-2l-regulilici ,-,dopiJod from time to ti"1e by the Associa tion \yh(~t_her r,: 1 - . q ;~O 1-::he use of Condomi ni ~:1 units I the use of Corc1fll.On Elu,- _">, or oU-]erTdi. se I and via la- tions of the rules and regulations by any Owner's Guests shall be treated as a violation by such Owner and shall be enforceable in accordance with Article 4.6 hereof. 8.12 G~~er C21JSed D~m2;_l -={ ~ue to t!1e act or r:c:Jlc:ct of (:;'Il--O-::n(i-r--or---s:J_;~h ( ;- cst~~, loss or oa;,,,"'-'Jf:.: shall be caused to any person or property, including the Project or any Individual Space therein, such Owner shall be liable and responsible for the same except to the extent that such damage or loss is cov~red by insurance obtained by the Association and the insurer has waived its rights of subrogation against such Owner. The amount of such loss or damage may be collected by the Association from such Owner, and such amount shall be secured by a lien on the Condominium Unit of such Owner in accordanoe with the provisions of Article VII of this Declara~ion. 8.13 Animals. The Association may by rules and regulations prohibit or limit the raising, breeding, or keeping of animals in any Condominium Unit or on the Common Elements or any part thereof. 8.14 Maintenance of Lattices on CO;;1;:<' rcial Units. No Owner of a ComrnercialUni t shall -al ter-orremoveany lattice work erected by Declarant on the north side of the existing commercial office building without first having obtained in writing the permission of all the owners of the Residential Units, and the owners of the Residential Units shall pay for and be responsible for maintaining the lattice work in good repair and condition. Such lattice work shall be considered a Limited Residential Common Element and designated as such on any supplementary ~ap. -17,- 11 IX. INSURANCE. 9.1 Insurance Requirements Generally. The Association shall obtain and maintain in full force and effect at all times certain casualty, liability and other insurance as hereinafter provided. All such insurance shall be obtained to the extent possible, from responsible companies duly authorized to do insurance business in the State of Colorado. All such insurance shall name as insureds the Association, the Board of Directors of the Association, the Association's officers, employees, agents and all Owners. All such insurance shall protect each of the insureds as if each were separately insured under separate policies and shall to the extent possible contain (a) waivers by the insurance company of their right to subrogation; (b) provide that the insurance cannot be cancelled, invalidated or suspended on account of the conduct of the Association, its officers, directors, employees and agents or of any Owner or such Owner's employees or Guests; (c) provide that any "no other insurance" clause in the insurance policy shall exclude any policies of insurance maintained by an Owner or Mortgagee and that the insurance policy shall not be brought into contribution with insurance maintained by any Owner or Mortgagee; (d) contain a standard mortgage clause endorsement in favor of the Mortgagee of any Condominium Unit or part of the Project except a Mortgagee of a Condominium Unit or part of the Project who is covered by other and separate insurance; (e) provide that the policy of insurance shall not be terminated, cancelled or substantially modified without at least 10 days' prior written notice to the Association and to each Owner and to each mortgagee covered by any standard mortgage clause endorsement; and (f) provide that the insurer shall not have the option to restore the premises if condominium ownership of the Project is to be terminated in accordance with the terms of this Declaration or the Project is to be sold in its entirety in accordance with the destruction, condemnation and obsolescence provisions of this Declara- tion. To the extent possible, public liability and property damage insurance shall provide for coverage of any cross liability claims of Owners against the Association or other Owners and of the Association against Owners without right of subrogation. Any insurance policy may contain such deductible provisions as the Board of Directors of the Association deems consistent with good business practice. The Association shall obtain an independent appraisal of the Project every three years; provided, however, that said appraisal may be performed by an appraiser employed by an insurance company. Certificates of insurance coverage or copies of insurance policies shall be issued to each Owner and each Mortgagee who makes written request to the Association for any such certificate or copy of an insurance policy. The Association shall endeavor to obtain separate distinct insurance coverages, as provided above, for the existing commercial office building and the proposed residential buildin~ The cost and expenses of all insurance obtained by the Associa- tion, except insurance covering additions, alterations or improvements made to a Condominium Unit by an Owner or other insurance obtained at the request of and specifically benefitin< any particular Owner, shall be shared and prorated amongst the various Owners in accordance with the percentages specified in Exhibit B, or as circumstances shall otherwise dictate. 9.2 Casualty Insurance. The Association shall obtain and maintain casualty insurance covering the Project and -18- II each Condominium Unit covering loss or damage by fire and such other hazards as are covered under standard extended coverage policies, with vandalism and malicious mischief endorsements, and, if available and if deemed appropriate by the Association, war risk, for the full insurable replacement cost of the Project, including each Condominium Unit. At the option of the Association such insurance may also cover additions, alterations or improvements to a Condominium enit made by an Owner if the Owner reimburses the Association for any additional premiums attributable to such coverage. The Association shall not be obligated to apply any insurance proceeds to restore a Condominium Unit to a condition better than the conditions existing prior to the making of additions, alterations or improvements by an Owner in the absence of insurance covering such additions, alterations or improvements as aforesaid. 9.3 Public Liability and Property Damage Insurance. The Associatlon sEau'cibtairi-'and maintain-comprGh811s:l ve public liability and property damage insurance covering personal liability, property damage liability and automobile personal and property damage liability of the Association, its officers, directors, employees and agents and of each O'.-mer and each O".'ner's employees and Guests, arising in connection wi.th ownership, operation, maintenance, occupancy or use of the Project or of any Condominium Unit in the Project with limits of not less than $1,000.00 for each occurL0 1~2 ~ olving bodily injllry li~11ility and/or prop,"rty ","';3 "<')ility. 9.4 \'0].""1'",O'S Compensation and Employer's Liability Insurance. --The-A ssoclatlc;rlsh all '-obta in . and lnaintaln-W:o-ik- men's cO:T,per;~.ation c.:;1d 2~nployer's liability ins-,--~ranc2 as rr.ay be n' \-- 0 ,:crnply ....,,1ith applic2ble la.....'s. 9.5 _ .~~_.~_. :~~ by Owners. Except to t11e extant coverdl_;~ therefor may-'f;e-obt'ai,"ed'-by the Association and be satis- factory to an Owner, each Owner shall be responsible for obtaining insurance he deems desirable, including, without limitation, c3sualty insurance covering furnishings and personal property belonging to that Owner and insurance covering personal liability of that Owner and that Owner's employees and Guests. Any insurance policy obtained by an Owner shall be such that it will not diminish or adversely affect or invalidate any insurance or insurance recovery under policies carried by the ~ss0ciation 0nd shall, to the extent possible, contain a ~aiver of the right of sub- rogation by the insurer as to any claim against the Association, its officers, directors, agents and employees and against other Owners and their employees and Guests. A copy of any insurance policy obtained by an Owner shall be furnished to the Association. 9.6 Receipt and Application of Insurance Proceeds. Except as some particular person has a legal right to receive insurance proceeds directly, all insurance proceeds and recoveries shall be paid to and received by the Association. All insurance proceeds or recoveries received by the Association shall be applied by the Association: first, as expressly provided elsewhere in this Declaration; second, to the Owners or persons whom the Association may determine are legally or equitably entitled thereto; and third, the balance, if any, to Owners in proportion to their respective interests in Common Elements. It is further provided that in the event of distribution of insurance proceeds for other -19- II thari rebuilding, that the same should be distributed to the first mortgagees of record to be applied as a partial payment an their loan. 9.7 Other Insurance ~ Assaciatian. The Assaciatian shall have the pawer ar authority to. obtain and maintain other and additianal insurance caverage, including casualty insurance covering persanal praperty af the Associatio~, fidelity bands ar insurance covering employees and agcdts af the Association and insurance indemnifying afficers, directors, emplayees and agents af the Assaciation. 9.8 Owner-Increased Premiums. In the event that, as a consequence()f----u1e-~h;izardou's- use af any Condamini urn Uni t, or af any Owner-installed improvements to any Candominium Unit, the premiums af any pal icy af insurance purchased by the Assaciatian are increased, ar a special palicy is required, the cast af such increased or specific policy shall be payable by the Owner of such Condominium Unit. Likewise, if significant premium cast differentials occur as between Commercial and Residential Units, the Assaciatian shall take whatever steps are necessary to. equalize such differentials between the respective Owners. 9.9 0!a!:i,c;":. t~ !~or:t:9~ayce~ In the event of any damage ar destruction to. any Condominium Unit, the ;'lL'c.:'-C,:]s shall send notice of same to each First Martgagee af record. X. DESTRUCTION, CONDEMNATION, OBSOLESCENCE, AND "I;S :C'" OR SALE OF PROJECT. 10.1 Certain Definitians. have the fallc',clng defInitions: The fallowing terms =r,11 (a) Sub~t ~tial and Partial D:'struction. I'Sub5~ Destruction ,-.- 'shai"1---exis-f--whc11e<;er, - as--a:--rc-s.lirt of any clalna;~e or destructian to. the praject or any part thereof, the excess af Estimated Costs af Restaratian (as hereinafter defined) ovc= Available Funds (as hereinafter defined) is 50 percent ~c of the estimated Restared Value af the praject (as herei~ defined). "Partial Destruction" shall mean any other._ or destructian af the praject ar any part thereof, (b) Substantial and Partial Candemnatian. "Substantial Condemnatian" shall exist whenever--;iucornpfetetaking af the praject has accurred ar a taking af part of the Project under eminent domain ar by grant ar conveyance in lieu of condem- natian has accurred, and the excess af the Estimated Casts af Restaratian aver Available Funds is 50 percent ar mare of the estimated Restared Value af the Praject. "Partial Condem- natian" shall mean any ather such taking by eminent do,nain ar grant ar canveyance in lieu of eminent damain. (c) Substantial and Partial Obsolescence. "Substantial Obsolescence" shall exist whenever the praject ar any part thereaf has reached such a state af absolescence or disrepair that the excess af Estimated Casts af Restaration over Available Funds is 50 percent or mare af the estimated ~estared Value af the Praject. "Partial Obsalescence" shall mean any state af absalescence ar disrepair which does nat constitute Substantial Obsalescence. (d) Restaration. "Restaratian", in the case of any damage ar destructian, shall mean restoratian af the Project to. a canditian the same ar substantially the same as the -20- ,I ","'\ '...., .~ condition in which it existed prior to the damage or destruction in the case of condemnation, shall mean restoration of the remaining portion of the Project to an attractive, sound and desirable condition; and, in the case of obsolescence, shall mean restoration of the Project to an attractive, sound and desirable condition. (e) Restored Value. "r\estored Value" shall mean the val"'" of the ProJect-a:fter-Rcstoration. (f) Estimated Costs of Restoration. "Estimated Costs of Restoration" shall meanthe estimated costs of Restoration. (g) Available Funds. "Available Funds" shall mean any proceeds-of~nsurance--or condemnation awards or payments in lieu of condemnation and any uncommitted income or funds of the Association including funds from the capital reserve fund and the carry-over reserve fund. Available Funds shall not include that portion of insurance proceeds legally required to be paid to any party other than the Association, including a Mortgagee, or that portion of any condemnation award or payment in lieu of condemnation payable to the Owner of a Condominium Unit for the condemnation or taking of that Owner's Individual Space. 10.2 DeteLmination by the Board. Upon the occurrence of any damage-or'2festructlon- to the-Project or any part thereof, or upon a complete or partial taking of the Project under eminent domain or by grant or conveyance in lieu of condemnation, the Board of Din'ctors shall make a deb~n,"'i"tic,n as to whether the excess of Estimated Costs of Restoration ever Available Funds is 50 percent or more of the estimated Restored Value of the Project. In addition, the Board of ~~._~,~tl)rs shall, from time to tilne, review the condition -- ~ = (~t to det2rmine \'lhethcr S'Jbstantial Obsolescence CX~ ~ 10.3 Restoration of the Project. Restoration of t11c Project shalT-belJndertaken by the Association without a vote of Owners in the event of Partial Destruction, Partial Con- demnation or Partial Obsolescence but shall be undertaken in the event of Substantial Destruction, Substantial Condemnation or Substantial Obsolescence only with the consent of the Owners holding 70 percent of the total voting power in the Association and the unanimous consent of all First Mortgagees. In the event the insurance proceeds actually received exceed the cost of Restoration when such Restoration is undertaken pursuant to this Article, the excess shall be paid and dis- tributed to all of the Owners, in proportion of their undi- vided interest in the Corr~on Elements. 10.4 Sale of the Proje~~ The Project shall be sold in the event of Substantial Destruction, Substantial Condemna- tion or Substantial Obsolescence unless consent to Restoration has been obtained from Owners holding 75 percent of the total voting power of the Association and the unanimous consent to Restoration of all First Mortgagees has been obtained. In the event of such sale, condominium ownership under this Declaration shall terminate and the proceeds of sale and any insurance proceeds, condemnation awards or payments in lieu of condemnation shall be distributed by the Association to each Owner in accordance with his percentage interest in the Common Elements. Payments to be made to Owners hereunder shall be made jointly to Mortgagees as to Condominium Units which are mortgaged at the time of such paYr.1ent. 10.5 ~uthority of Association to Restore or Sell. The Association, as attorney-in-fact-ror each Owner, shall have full power and authority to restore or to sell the Project -21- .' I and each Condominium Unit in the Project whenever Restoration or sale, as the case may be, is undertaken as hereinabove provided. Such authority shall include the right and power to enter into any contracts, deeds or other instruments which may be necessary or appropriate for Restoration or sale, as the case may be. 10.6 !,ayment of !,-,:oceeds. All i"Cillr:mce proceeds or proceeds of sale shall be paid to the Association, as trustee for all of the OKners and all ~)rtgagees, as the interest of such Owners and such Mortgagees may appear, subject to the obligation of the Association to restore th Project as provided herein. 10.7 Special Assessments for Restoration. Whenever Restoration-is to be-undertaken~he Association may levy and collect assessments from each Owner in proportion to each Owner's undivided interest in the Common Elements, payable over such period as the Association may determine, to cover the costs and expenses of Restoration to the extent not covered by Available Funds. Such special assessments shall be secured by a lien on the Condominium Unit of each such Owner as in the case of Regular AsscssJTIents. Notwith- standing any other provisions in this D0claration to the contrary, in the case of Substantial D0struction, Substantial Condemnation or Substantial Obsolescence, any such s0ccial assessment shall not be a personal obligation of any such Owner who did not consent to Restora;';,on, but, if not paid, i-:'Iay be recovered only by foreclosurc= ,) ;.~,,~ lic.:i1 i3.lJainst t112 Condominium Unit of such Owner. 10.8 Receipt and Application u-,- ~1~,-~2_1.:1ation Funds. All compensation-;-damagesoi- other I'jC':c2';'ec1s-constltutJ:l1g-- a\...'ards for a co::-~~)lc,tr.:~ t2ki:lg of ~~1:(,?, :-:.- . -::t or a taki niJ o( of the Pr'Jje('t :~'-.;r :~jmirl:?:lt !:'-.F'1..;:D ~- ;:'nt or C')f...',',"":." in lieu of CO!~~ dtion sh~ll be pa}-,i1~l 0 t}~e Associatior~, The amount thereof allocable to compensation for the taking o~ or injury to the Individual Space of a particular Condomini~m Unit or to improvements of an Olmer therein shall be appor- tioned to the Owner of that Condomini ~ rnit. ~he balance of the award shall be applied to co",<_,,, 2nd expenses of Restoration, if undertake]), and, to ~l~c ,~:~tent not so applied, shall be allocated as follows: First, any portion of the award allocable to the taking of or injury to COIT@on Elements shall be apportioned among all Owners in proportion to their respective undivided interests in the Common Elements; second, the amounts allocable to severance damages shall be apportioned to Owners of Condominium Units which were not taken or condemned, or which were not fully taken or condemned, in proportion to their respective undivided interests in the Common Elements as adjusted in accordance with Article 10.9 hereof; and third, the amounts allocated to consequential damages or for other purposes shall be apportioned as the Association determines to be eouitable under the circumstances. " 10.9 Reorganization in !l1e Event of Conccllnation. In the event all-of the IndividualSp'ace-of a C-oridomTnium Unit is taken in condemnation, the Condominium Unit containing that Individual Space shall cease to be part of the Project, the Owner thereof shall cease to be a member of the Association, and the undivided interest in Common Elements appurtenant to that Individual Space shall automatically become vested in the Owners of the remaining Condominium Units in proportion to their respective undivided interests -22- 'I (f''''''', ''''.,.,-'' in the common Elements. In the event part of the Individual Space of a Condominium Unit is taken in condemnation, the Points attributable to that Condominium unit shall be reduced in direct proportion to the reduction in square footage of the Individual Space, and the undivided interests of Owners in Common Elements and the voting rights and assessment obligations of all Owners shall automatically be adjusted according to said adjustment in square footage. XI. CO!~ONLY OWNED CONDOMINIUM UNITS. 11.1 Commonly Owned Condominium Units. Any Condominium Unit owned by the Association shall be deemed a "Commonly Owned Condominium Unit". A Commonly Owned condominium Unit may be a Condominium Unit acquired by the Association by fore- closure of liens as provided herein or otherwise. Notwith- standing the fact that any Condominium Unit may constitute a Commonly Owned Condominium Unit, it shall not be deemed part of the Common Elements. 11.2 Votes and Assessments for Commonly Owned Condominium Units. Notwithstanding any other provisions of this Declaration to the contrary, for so long as any Condominium Unit is a Commonly Owned Condominium Unit, there shall be no regular membership in the Association for that Condominium Unit; and the Total Points in the Project shall be reduced, for voting and assessment purposes, by the number of Points assigned to that Condominium unit. If any Condominium unit is a Commonly Owned Condominium Unit upon termination of the condominium ownership of the Project and dissolution of the Association, the beneficial interest in such Condominium Unit shall be deemed owned in common by the then Owners in the same proportion as their respective interests in the Common Elements. 11.3 Sale of Commonly Owned Condominium Units. The Association may sell any Commonly Owned Condominium Units for their then fair market value. XII. EXPANSION. 12.1 Construction of New Building. Declarant hereby reserves the right to enlarge the Condominium project by constructing a Building on the undeveloped portion of the real property, which it will continue to own alone, provided that it shall hold any other Owner of a Commercial unit in the existing Building harmless from any and all costs and damages, which such Owner may incur, including reasonable attorneys' fees and court costs, by reason of excavation, construction or any other activities related to the erection of such new Building on the Real Property. 12.2 Supplemental Declaration and Map. The supplement to this Declaration shall provide for the division of the new improvements into Residential Units, as specified hereinbefore at Section 2.10 Declarant reserves the right to convey such separate Residential Units, which are constructed subsequent hereto, and each such conveyance shall vest in the grantee thereof a fee simple interest in and to the Residential Unit, together with a one-quarter appurtenant fee simple interest in and to all of the common elements in this Condominium Project. The undivided interest in and to the Common Elements and the Limited Residential Common Elements for each new Residential Unit shall become a part of the Condominium Project created by this Declaration and Map. ":23- 'I '" XIII. MISCELLANEOUS 13.1 Duration of Declaration. Each provision contained in this Declarati,);] which Tssubject to the laws or rules sometimes referred to as the rule against perpetuities or the rule prohibiting unreasonable restraints on alienation shall continue and remain in full force and effect for the period of twenty-one years following the death of the survivor of David A. Baxter, Fitzhugh Scott III, John Thomas Kelly and Stephen A. Ware and the now living children of said persons or until this Declaration is terminated as herein- after provided, whichever first occurs. All other provisions contained in this Declaration shall continue and remain in full force and effect until condominium ownership of the Project and this Declaration is terminated or revoked as hereinafter provided. 13.2 Amendment and Termination. Any provision con- tained in this Declaration may be amended or changed (a) by the recording of a written instrument or instruments specifying the umenClLrent or change executed by Owners who r1c..1\/(J not less than 70 percent of the total voting power of the Association, or (b) by Declarant any time prior to con- veyance of any Condominium Unit. No such amendment or change shall become effective -!_1n1c5s approved by at lC>71st 75 p,:::c,>?nt of the First l".1ortS0:'::>"('S of record. No such a!l'!(:"n(J!Til..~nt or C:~l':<'J:J shall become effective until thirty (30) days after written notification of such c,"cn>n1(?nt or change is sent to all First Mortgagees whose n~,"cs and addresses are expressly provided in a recorded mOl~t~~~2, {~~ed of trust or other lien. Pro- vi,:J;::d, hO\'_:i'\/c~r, -:(~l.dC(ition and con6ominiu;'rJ ,:;'..;'-;(~:c- ship ~)f -1::.111" '--, L:. t:<~ -t;~LlninatC?:d or rc\.'cked, ;":'::J..c 3~all this A(J:icl~ ~:1ded, unless all of the C .__2~S alld all First Mortgagees CO~1s2nt and agree to such termil1atio:1, revocation or Article 13.2 amendment by written instrument duly recorded. 13.3 Effect of Provisions of D0claration. Each provision of-thls D2claration~-and an--agre-e-ment, promise, covenant and undertaking to comply with each provision of this Declaration, and any necessary exception or reservation or grant of title, estate, right or interest to effectuate any provision of this Declaration: (a) shall be deemed incorporated in each deed or other i~strument by which any right, title or interest in the Project or in any Condominium Unit is granted, devised or conveyed, whether or not set forth or referred to in such deed or other instrument; (b) shall, by virtue of acceptance of any right, title or interest in the Project or in any Condominium Unit by an Owner, be deemed accepted, ratified, adopted and declared as a personal covenant of such Owner, and, as a personal covenant, shall be binding on such Owner and such Owner's heirs, personal representatives, successors and assigns and, as a personal covenant of an Owner, shall be deemed a personal covenant to, with and for the benefit of the Association but not to, with or for the benefit of any other O'",i1er; (c) shall be deemed a real covenant by Declarant, for itself, its successors and assigns, and also an equitable servitude, running, in each case, as a burden with and upon the title to the Project and each Condominium Unit and, as a real covenant and also as an equitable servitude, shall be deemed a covenant and servitude for the benefit of the Project -24- ~ II 0"" and each Condominium Unit; and (d) shall be deemed a coven,}',+:, obligation and restriction secured by a lien in favor of the Association, burdening and encumbering the title to the Project and each Condominium Unit in favor of the Association. 13,4 Enforcement and Remedies. In addition to any other remedies herein provideCl,-eaCh provision of this Declaration with respect to an Owner or the Condominium Unit of an Owner shall be enforceable by the Association by a proceeding for a prohibitive or mandatory injunction or by a suit or action to recover damages. If any court proceedinc;s are instituted in connection with the rights of enforcement and remedies provided in this Declaration, the prevailing party shall be entitled to recover from the losing party its costs and expenses in connection therewith, including reasonable attorney's fees. 13,5 Protection of Encumbrancer. No violation or breach of, or failure to comply with, any provision of this Declara- tion and no action to enforce any such provision shall affect, defeat, render invalid or impair the lien of any mortgage, deed of trust or other lien on any Condominium Unit taken in good faith and for value and perfected by recording in the Office of the County Clerk and Recorder of pitkin County, Colorado prior to the time of recording in said Office of a~ instrument describing the Condominium Unit and listing the name or names of the owner or owners of fee. si:nplc title;--, the Condominium Unit and giving notice of such violation, breach or failure to comply; nor shall 'ouch vi olat ;,on, he,' failure to comply or action to enforce affect, defeat, ro; invalid or impair the title or interest of the holder of " s,.lch mortgage, dC2t-l ~:;f t:r:ust, 01- other lic~n or the titl,; interest acquired :!lY pU~c!12s2r u~un foreclosure 0' such mortgage, deed of trllst or eny lien or by deed in l~ of foreclosure or result in any liability, personal or oU: wise, of any such holder or purchaser. Any such purchaser on foreclosure or by deed in lieu of foreclosure shall, however, take subject to this Declaration except only (a) violations or breaches of, or failun?s to comply with, provisions of this Declaration which occurred prior to the vesting of fee simple title in such purchaser shall not be deemed breaches or violations hereto or failures to comply herewith with respect to such purchaser, his heirs, personal representatives, successors or assigns and (b) such purchaser shall take the property free of any claims for unpaid Assessments or other amounts against or applicable to the encumbered Condominium Unit (except for claims for a pro rata reallocation of such Assessments or amounts to all Condominium Units including such encumbered Unit). 13.6 Limited Liability. Neither Declarant, the Association, the Board of Directors of the Association, nor any member, agent or employee of any of the same shall be liable to any party for any action or for any failure to act with respect to any matter if the action taken or failure to 3"t was in good faith and without malice. 13.7 Successors and Assigns. This Declaration shall be binding upon and shall inure to the benefit of the Association, and each Owner and the heirs, personal representatives, successors and assigns of each. -25- II F 13.8 Certain Taxes. Declarant shall pay the real estate taxes;an~ssessments, if any, on that part of the land described in Exhibit "A" which remains undeveloped, but on which residential units will be subsequently cl::Jnstructed. 13.9 Severability. Invalidity or unenforceability of any provisi~~ of this Declaration in whole or in part shall not affect the validity or enforceability of any other provision or any valid and enforceable part of a provision of this Declaration. 13.10 instrument considered Captions. The captions and headings in this are forc~nvenience only and shall not be in construing any provisions of this Declaration. 13.11 No Waiver. Failure to enforce any provisions of this Declaration shall not operate as a waiver of any such provision or of any other provision of this Declaration. 13.12 Further Assurances. The Association and each C .n'er '1Cceby-a;~;:-,~e-to ,la- such further acts and execute and 3eliver such fllrtller instruQcnts as Ioay reasonably be required to effectuate the intent of this Declaration. 13,13 h'ord Usage. The use of the "1asculine gender }.l;:~-cz:=;if1 shall--be-deenlecC-to incllL1,~ the feminine and neuter genJers and the use of the singular shall be deemed to j:c':lude the plural, whenever the text so requires. " ",",ESS \';HEREOF, Declarant has executed this .,~ the day and year fi~st above written. SPRING STREET ASSOCIATES, a Colorado partnership By: David-A, Baxter John Thomas'Kelly ITS PARTNERS -26- II . " ,# "\. STATE OF COLORADO ) ) ss COUNTY OF PITKIN ) this Baxter, Stephen The foregoing instrument was acknowledged before me day of , 1977, by David A. Fitzhugh Scott III, John Thomas Kelly and A. \^7are. Witness my hand and official seal. My Commission expires: Notary Public~-- -27- II EXHIBIT ".1\" TO CONDOMINIUM DECLARATION, FOR THE SPRING STREET CONDOMINIUMS Fractional Lot 8 and all Lot 9, Block 29, EAST ASPEN ADDITIONAL TOWNSITE, and Fractional Lot H, Block 98, CITY .'\1-lD TOHNSITE OF ASPEN, County of Pitkin, State of Colorado. Unit Numbe~- C-l C-2 C-3 C-4 R-l R-2 j I .. \ ~ EXHIBIT "B" TO CONDOMINIUM DECLARATION FOR THE SPRING S~REET CONDOMINIUMS Appurtenant Undivided Irlterest-Tn-CoITll'lOl1~ Elements Appurtenant Undivided Int~st:in Limite~ Commercial Common Elements. 11. 5% 23% 13.0% 26% 18.0% 36% 7.5% 50.0% 15% 100% Appurtenant Undivi~ed Inte-rest-:CnLiffiI te-a.- Residential Common- Elements. 25% .50% 25% 100% 50% -1 i5~cj~% __^",.___.__.,c,.,___.."_""...~._...._~..~~,,_,..,... , l,.... .~ c, .r' M E M 0 RAN DUM TO: FROM: RE: DATE: Aspen City Council Planning Office (KS) Spring Street Associates - Subdivision Exemption Application November 22, 1977 Before you is a request for subdivision exemption by Spring Street Associates involving the property at the southwest corner of Spring and Main Street. The property is zoned C-l. The application departs from the typical exemption request in that it involves an existtng cOlTlllercialj office structure and a duplex residential structure, the latter of which is yet to be built. The existing structure straddles two city lots for a total of 6,000 square feet of lot area. A duplex can be built on the property provided that it complies with the new C-l FAR of 1:1 and all other relevant bulk requirements of the zone district. As you probably know, that portion of theland on which a duplex is to be built is now vacant after the removal of a single family house. A variance has been received from the contiguous open space requirements - the variance was necessary because of the protrusion of a garage into the open space. Although not required by the C-l zone district, applicants plan to locate parking below the duplex building. While the application is to be conisdered at one time, the actual condominiumization will occur in two phases. The first filing for record will show the existing improvements, easements, etc. with the northerly portion of the lot reserved for the duplex structure. Upon completion of construction of the residential phase, a supplementary condominium map will be filed of record showing all improvements, including the new ones. The applicants have promised to resubmit their plans, to the Planning Office in the event of any material change. We suggest that you make this a condition of approval as we might want to re-process the exemption application should any such change occur. The existing property contains 4 units which are to be condominiumized. They are now occupied by a graphic arts studio, a color photo development lab, Code A Color Filing Systems, and a law office. The condominium declaration is drafted to encompass both the commercial and residential units providing that each unit will own undivided fee simple interests in the limited commercial and residential common elements. We have referred a copy of these arrangements to the City Attorney for her review and she has offered the suggestion that any conditions of approval such as a 6-month lease restriction be included in the declaration. A subdivision exemption agreement should be drafted which would also encompass any conditions of approval. Dave Ellis has reviewed the application will meet subdivision design standards. application. and certifies that it has or He recommends approval of the In the course of discussion before the City Planning and Zoning Commission, the question of appropriate park dedication fee arose. Since a single family house was previously located on the lot, it was suggested that a credit toward the fee might be given for the house. We are asking the City Attorney to comment. -___.___~.__~~~"I ,...,c.~..~.,>....,._..__._ , Aspen City Council Page Two November 22, 1977 Inasmuch as the purposes of subdivision regulations will be met, the Planning and Zoning Commission recommended approval on November 15th based on the following conditions: 1. Payment of the appropriate park dedication fee which shall be calculated according to rules for mixed residential and commercial development (Section 20-18 a.c., Municipal Code) . 2. Six month minimum lease restriction on the residential units. 3. That any material change in duplex plans be resubmitted to the Planning Office for a determination whether further approvals are necessary. Better maps will be brought to the meeting. lmk enc. , A t\-~ c to Lv, .('(A..-'--_, ' {{) A-p reI c';.A"--Wv- ~ . - - ---- ---- - ",,-. _....~ . ..-.----- .----... ~ - - --.... .." --- S\(J r (~U; [' t---vJ-1 9v-v{fJ I\.J I~ lith. 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I: I;~ I ,,) ! i , ; " I: 11 '1 . ! :~- :.:"_'X... -L\}oJ -~: -; "j ~ . .. ~ 1 -v' .-. l....-: \ 'I'l I, ,"- --.,.,---.--, , :.,: . ...~. . .- ......--;-.t- ::-.J::\:'C__E '1 --.::;o.fc..;;.-_....{ I--:-~I ~, I l~.,..:..:-_..{-:.:.. ..". ~-;. ,I: ~, (,,,;' c:;J' ._--- ----- ------ '"' . ......~ 7-' t, . ii .-;'f.l ,r;; () '.) " I: " !_Oi ,'.\'.-"; Iv \ 1 1 ~ . r.'./'~ Cl..... '" f.::1..t.>::':\. /'..:.::.- i'~,~J'--..l ,.- ----- /, -" -.: '('~ ~.1 ,,1. ~ - ~ .-~._.__.~.........-..~-.\. --- - - .- -." .;---....--. ...... ;...:.1~: -..>;-1\' v'-4 (-:.). ..... co' ......'.., \_ \__r::...'...... "\"'::-- ~ _(-:i<'-~ "_.. 2":) 1_ () :1' d) r-- r- \\1 ill d t- . 1\ J l.....)~..le- ~ 6) \'---\:;.2-\7".,'::-" r..?~. ..::..~ r: ~-,.~""..::-,\--- or;;-., '..:':/ '?"''-'';'" L,!'0,\'--. Ifj 1 a G- \1) (5) i~' j::.r:..-_../'.= "l~r./'.:-tl_-,~!._': l.'r\"~-' Ti1o:/~ -rtiE... .;"-.r -;;. ':..-:;. c.-.:-~ i ':::. '-, It-.\\-,'':..'',,:,',:- ~1l>.;E:S 'c' t;....l-'....) t.'.' . / " ,.> . --_........--~.-,~~. t~.:..X1;----._ v...:.,; t-J h. F' \ ~ ~:_ '\1 ~- ~_ p.:."..';-....\~ Cj-,p ......... 1::. (....:--~~:.. ~.,-, -C~ --,.-.- ._..'- --_._"'.._._-_..-_._--_....~ ~ .._. .,~ ._,..~ -- ~,~..-...-...._.... -" ,~: .:f . - "".' '!" "'. " II ", /', . , -.......s. M E M 0 RAN 0 U M TO: Aspen Planning and Zoning Commission FROM: Planning Office (KS) RE: Spring Street Associates - Subdivision Exemption Application DATE: November 10, 1977 Before you is a request for subdivision exemption by Spring Street Associates involving the property at the southwest corner of Spring and Main Street. The property is zoned C-l. The application departs from the typical exemption request in that it involves an existing commercial/ office structure and a duplex residential structure, the latter of which is yet to be built. The existing structure straddles 'two city lots for a total of 6,000 square feet of lot area. A duplex can be bui 1t on the property provided that it complies with the new C-l FAR of 1:1 and all other relevant bulk requirements of the zone district. As you probably know, that portion of the land on which a duplex is to be built is now vacant after the removal of a single family house. A variance has been received from the contiguous open space requirements - the variance was necessary because of the protrusion of a garage into the open space. While the application is to be considered at one time, the actual condominiumization will occur in two phases. The first filing for record will show the existing improvements, easements, etc. with the northerly portion of the lot reserved for the duplex structure. Upon completion of construction of the residential phase, a supplementary condominium map will be filed of record showing all improvements, including the new ones. The applicants have promised to resubmit their plans, to the Planning Office in the event of any material change. We suggest that you make this a condition of approval as we might want to re-process the exemption application should any such change occur. The existing property contains 4 units which are to be condominiumized. They are now occupied by a graphic arts studio, a color photo development lab, Code A Color Filing Systems, and a law office. The condominium declaration is drafted to encompass both the commercial and residential units providing that each unit will own undivided fee simple interests in the limited commercial and residential common elements. We are referring a copy of these arrangements to the City Attorney for her review. Dave Ellis has reviewed the application will meet subdivision design standards. application. Inasmuch as the purposes of subdivision regulations can be met, the Planning Office recommends approval subject to: and certifies that it has or He recommends approval of the 1. Payment of the appropriate park dedication fee which shall be calculated according to rules for mixed resi- dential and commercial development (Section 20-18 a.c., Municipal Code). 2. Six month minimum lease restriction on the residential units. 3. That any material change in duplex plans be resubmitted to the Planning Office for a determination whether further approvals are necessary. II -"".'.... "'.,.;.' MEMO TO: KAREN SMITH PLANNING FROM: DAVE ELLIS ENGINEERING ~ DATE: November 9, 1977 RE: Subdivision Exemption Request Lots 8 & 9, Block 29, East Aspen After reviewing the above request submitted by Spring St. Associates, it is apparent that all subdivision design criteria have been met, or will be met, without full subdivision review. We therefore recommend granting the applicant's request for an exemption. jk II ."" --' FITZHUGH ScOlT 1/1 ATTORNEY AT LAW 117 SOUTH SPRING STREET POST OFFICE BOX t811S ASPEN, COLORADO 81811 TEL.!:PHONE {3031 9215.1216 November 9, 1977 Ms. Karen Smith Pitkin/Aspen Planning Office 130 South Galena Street Aspen, Colorado 81611 Re: Spring Street Associates Subdivision Exemption Application Dear Karen: Further to our captioned application, this is to explain that: 1. We desire to obtain subdivision approval with respect to the entire "condominium project", which is comprised of both lots and consists of the existing commercial-office building situated on the south half thereof and the proposed residential duplex building to be constructed on the north half. 2. When finalized by Tri-Co, we will file for record our Condominium Map, showing all existing improvements, easements, etc. on the subject property and reserving the approximate northerly one-half thereof for the proposed expansion or duplex structure phase. Upon substantial completion thereof, we will file for record a Supplementary Condominium Map showing all of the new and completed improvements on the subject property. Initially we will also file for record our basic Condo- minium Declaration (a copy of our proposed version of which is herewith enclosed). We will file such supple- ments thereto as are required, if any, upon completion of the duplex building. / -~-II.. . I' " ....... - Ms. Karen Smith November 9, 1977 Page 2 In the event that our duplex plans materially change we will contact your office to see what, if anything, would be required for conforming our requested subdivision approval to such changes in plans. Let me know if you need anything else now. Yours very truly, ~ Fitzhugh Scott III FS/jeo enc. ,.."" .....,....... . FITZHUGH SCOTT III ATTORNEY AT LAW 117 SOUTH SPRING STREET POST OFFICE BOX 18115 ASPEN. COLORADO B Ie 11 TI:LEPHONE: (303) 92!5.12H5 October 21, 1977 Mr. David Ellis Ms. Karen Smith Pitkin/Aspen Planning Office 130 South Galena Street Aspen, Colorado 81611 Re: Spring Street Associates Application for Exemption from Subdivision Regulations Dear David and Karen: Enclosed in this captioned matter is the application of Spring Street Associates for exemption from subdivision regulations, together with a site plan taken from the architectural plans for the proposed residential duplex structure and a preliminary condominium map for the Spring Street Condominiums in connection with the existing commercial office building. As soon as I receive it back from the architects, I will send you our official improve- ment survey and, when ready in the next few days, I will forward to you our proposed Condominium Declaration. Would you please undertake your combined review of this application and keep me posted in the near future. Thanks for your help. Yours very truly, ~.. Fitzhugh Scott III for Spring Street Associates FS/jeo enc. ,-~ , ~' c;:.'" ., r /' 1""'""-. , APPLICATION FOR EXEMPTION FROM SUBDIVISION REGULATIONS Pursuant to Section 20-19 of the Aspen Municipal Code, Applicant (Spring Street Associates, a Colorado partnership) makes this application to the Aspen Planning Commission for exemption from subdivision regulations in connection with its two-phased condominium project. The application fee in the sum of $50.00 is enclosed herewith. Applicant is the owner in fee simple of two standard sized city lots located at 117 South Spring Street in Aspen, Colorado, more specifically described as: Fractional Lot 8 and all Lot 9, Block 29, East Aspen Additional Townsite, and Fractional Lot H, Block 98, City and Townsite of Aspen. Applicant purchased the subject property from Bob and Judy Smith on November 1, 1974, together with the existing improvements situated thereupon consisting of a 3,400 square foot commercial-office building and a single family- two bedroom house, which was recently somewhat prematurely removed from the property in anticipation of the construction this fall of the residential duplex building mentioned herein- after. The subject property consists of 6,000 square feet, as can be seen from the improvement survey, which is enclosed with this application. Since acquisition of the property and its improvements, applicant has leased out the four units of the existing commercial office building to the following tenants: Unit 1, Brown-Wolf Enterprises, a graphic art studio; Unit 2, Resolution, Inc., a color photo development laboratory; Unit 3, to Code A Color Filing Systems; and Unit 4 to the Spring Street Law Office (Ware, Scott, Kelly, Van Ness and Crumpacker). Until recently the single family house has also ) 'j r' ........ " been leased to various residential tenants. Applicant has developed plans for the future develop- ment of the northerly half of the subject property, which development will consist of the construction of a residential duplex building, as is shown on the enclosed site plan, a part of a complete set of final architectural plans and specifications. The rest of said architectural plans and specifications is easily available upon request. Applicant plans to create a two-phased Condominium Project, pursuant to a standard condominium declaration and map, in accordance with the statute. The declaration and preliminary condominium map are enclosed herewith. The first phase of the Condominium Project consists of the conversion of the existing commercial-office building into a condominium-type building. The second phase of the Condominium Project will include the proposed residential duplex building. In connection therewith, Applicant will submit an additional condominium map and secondary declaration, if necessary, in order to comply with the condominium statute. The open space and landscaping aspects of this entire proposed project have been reviewed and approved by the Aspen Board of Adjustment, pursuant to their variance granted to the Applicant last summer of 1977. The land- scaping and related plans incorporated in said variance are on file with the Aspen Board of Adjustment. Applicant has additional plans in this regard, which are available upon request. Phase 1 of the Condominium Project will result in no increase or changes with respect to use and/or density of the existing commercial-office building. The primary -2- 'I "'''' ,"",..... -,/ .......,;'. purpose of the conversion is to change the form of owner- ship of the building in order to sell to an existing tenant the downstairs commercial units therein, pursuant to an existing purchase and sale agreement between the tenant, Mel Seid of Resolution, Inc., and the Applicant. Phase II of the Condominium Project (the construction of the proposed residential duplex building) will in net effect increase the residential density of the subject property from one single family (two bedroom) unit to two single family (two bedroom) units. Regarding design standards and other related improve- ments, Applicant submits that the property is presently served by Aspen electric and water service, Aspen Metropolitan Sanitation District service and is completely bounded by improved, paved alleys in the rear and by Spring Street and Main Street on both perimeters. Applicant plans, as per its commitments with the Board of Adjustment, to install appropriate sidewalks on Spring and Main Streets and to construct improvements around the trash dumpster in connection with its proposed construction of the residential duplex in the spring of 1978. Based on the foregoing, Applicant submits that the granting of an exemption to the Applicant from subdivision regulations in connection with its proposed two-phased Condominium Project will not be detrimental in any way to the public welfare or injurious to other properties in the area and would be fair and logical in consideration of the existing circumstances and completely consistent with spirit of the subdivision regulations contained within the Aspen Code. Respectfully submitted, (:A~ h cott III for Applicant, Street Associates -3- ,,'- ..r'.'..... . .J .. FITZHUGH SCOTT III ATTORNEY AT LAW 117 SOUTH SPRING STREET POST OFFICE BOX 18111 ASPEN. COLORADO 8 HSI 1 TEI-!:"HONE (303) 928.1218 June 21, 1977 Ms. Dorothy Nuttall City Attorney 130 South Galena Street Aspen, Colorado 81611 Re: Spring Street Associates' duplex project Dear Dorothy: At our preliminary meeting with Bill Kane and Joe Wells last Friday regarding the above project plan of Buzzy's and mine, we all mutually decided that the project (a proposed residential duplex building on the north end of our two lots, coupled with an exterior remodel-beautification of the existing office building) was not a project ever intended to be covered by the administrative delay attendant to the Growth Management Plan adoption process. with reference to Bill Kane's January 10, 1977 memo regarding "Clarifications to Building Delay Memorandum", paragraphs 4 and 5 apply to our situation. Specifically, our duplex building is exactly the same thing as any proposal to construct a duplex-type house or structure in an area, such as the Snowbunny Sub- division area. Any subdivision involved will be by way of a technical exemption type situation later on and attendant to either a standard condominium process or a Declaration of Restrictions type arrangement for the legal reorganization and use of the separate buildings on our two lots. - ,I ' t' , -,,.,., Ms. Dorothy Nuttall, City Attorney June 21, 1977 Page 2 Based on this mutual feeling about the building permit situation, we are now having our architect proceed full speed ahead with the preparation of final working drawings in order for us to be able to submit an application for a building permit for the duplex-remodel project. The purpose of this letter is to confirm with you our understanding that this way of viewing the building delay situation with reference to our plans is legally copasetic. If you have any qualms about this situation, would you let me know right away. Yours very truly, Fitzhugh Scott III FS/jeo cc: Gordon Pierse Bill Kane,/ P.S. Realizing that you were not around in January as City Attorney, I am enclosing a copy of the referenced Kane memo on the administrative delay clarification. CUSTOMER CITY OF ASPEN FINANCE DEPARTMENT CASHIER'S RECEIPT 01-111 LICENSES & PERMITS 511 0 BUSINESS LICENSES 512 0 SALES TAX LICENSES 513 0 BEER - WINE, LIQUOR LICENSES 514 0 CONTRACTOR'S LICENSES 516 0 LIQUOR LICENSE APPLICATION 517 0 DOG LICENSE 518 0 CENTRAL ALARM LICENSE 519 0 BICYCLE LICENSES 520 0 EXCAVATION PERMITS 521 0 CONSTRUCTION PERMITS 522 0 ELECTRICAL PERMITS 523 0 PLUMBING PERMITS 524 0 HEATING PERMITS 525 0 SEPTIC TANK PERMITS 01-988-632-03 0 XEROXING (DESCRIBE) / , tZI~THER -ACCT, No,Q-1 \ l-<;=bb-DL}-_ , I ';C"::>l_tXJ i UI:":.,,\CI) ,~:)(9i)P. DESCRIPTION, (NAME, NUMBER, ETC.), 01-111 FINES & FORFEITS 561 0 COURT FINES 562 0 COURT BONDS - FORFEIT 563-01 0 TOWING FINES - IMPOUND 563-02 0 TOWING FINES - NOT IMPOUND 564 0 TRAFFIC FINES 566 0 FALSE ALARM FINES 568 0 DOG IMPOUND FINES 569 0 OTHER FINES & FORFEITS 01-111 OTHER MISe. REVENUES 579 0 MAPS, CODES, ZONING REGS, 589 0 OTHERS (DESCRIBE) I\-J )" (~)p' If l, :-s-'-:- ' '-./ 1\ ,-i ... <:~ ) , \ l\c C[_ 1 - '- ::>_,iL_" u ) \C ) 1--"~\ ~- t'" .J( T' -' r-'e r, _ /"" /', ~--~. ( _; ''i \ .J....i,'\__,'\J CASHIER VALIDATION RECEIVED FROM IfiU i-I ( ,.1_1,1 _ , , I , Name of Project: FEE SCHEDULE (Subdivision, Exemption from Subdivision, Park Dedication) Spring Streets Associates Address: 117 South Spring Street Fitzhugh Scott III (Tam Scott) Applicant's Name: Applicant's Address: 925-1216 117 South Spring Street Phone: FOR ZONES WHICH ARE R-15, R-30, R-40, RR and CONSERVATION the Subdivision Fee Formula is as follows: Conceptual $100 + $5:00/dwelling unit Preliminary $22.00/dwelling unit Final $3.00/dwelling unit FOR ALL OTHER ZONES the Subdivision Fee Formula is as follows: Conceptual $100 + $60.00/acre of land Prel imi nary $280.00/acre of land Final $35.00/acre of land EXEMPTION FROM THE DEFINITION OF SUBDIVISION FEE: $50.00 10-26-77 (received) current lnari;ct \'il.luQ of il PCJ:c('l1(ilge of tlte l.:\nd Pl'CPOSCJ as 1-h... dp\.('lo!-'l:lcnt si tet the 1','r<.':enta~JC of Ul(' land b.,ill'1 det(,nninl'(l ilL the r<lte of h,'o .l1H1 on,'-lLillf (2'j) acres for {'very OIH: thous'-:1nd (J ,000) rC'sidenls of the I'l-oposed dc'v(']OiJlncnt (lhdt il>, the numbr'l" of residents multiplit'U by h';C'l1ty-five tell thousandth.'; (.0025) of ,In acre pC'l" r('sidenl). Tilt::" number of residcmts iltt}'ilJutable to lhl.' dC'\'C'lo;~n\('nt shall be calculated in the follo....'in<) In.::lnncr: PARK DEDICATION FEE SCHEDULE !:l'pe o~D.....ell-!c~ Nurnhcr of Rc'sidc'nts F";r-J)wc.7ff:r;~1~Tlll-i t --- ~lul ti -ramily studio one Iwdro0ffi b,",o hl'Ur00m thre(' b0droom and 1.3 [or l'ilch ildditional 1.0 1.3 2.7 4,0 bedroom Single Fillrd 1 y or Duplex one b,)dl"OO!~ t\\.o bcdroOi;t three !J('clrc,e':1I and 1.3 for L'dell audi tion.:!.l 1.3 2.7 4.0 bedroom A duplex slnlcturr> sh,-ill con!>titute h:o dwelling units [or the pu':p0se:-; ot this ~ubscc:tioll. (3) An (')(il[1',,1e o[ the iLPi,Jit:ation of the ahove [unuU}.l i:; in; [ollo\-,n:, assllming llll' construct-ioll of Ollt' :<in91L' L~mily l-('~;iJl'nC(. L'ont<dnin'] t"'"O b,'drocw,;; ('l"t (I lot cOIl{-.linillq 1~,OOO ;;'jllare fcct ,,:ith il tl,lr~;Llt v,']u,:." of $6S,OOO.OO (01 $4.33 pL'r SgU<il"P I ~)ol) : '; 2.7 (2 b"orOPffi" 2.7 l'f'f:idf.'lltS) X 0.0025 ,lcres X 43,SG{l (!;ql1;ll"l~ fect: per nerd x S4.33 (m.lr- k('t valli,' of LInd per nqUi1.r0 foot) ~ $1,273.1:' (I.>) Unjr.lpro\"('J lil.lld !;)1"111 h(' npprai !;<"rl il t: the current lr..-lrk{'t" v,due 0: the' f;i t.e .incl\1dil1<J ilt: v:\luc "ttribut;dlJ" to curb, quUl'lS, ,;tu'('t, !,ide.....("'\1k lInti l:tiliUr"'; it ill:;\idl,'d on the d;it(' or l'l'nnit j S~:II<lIlC(,. JI!1111'nv\'d 1 i1:II]c: :;)ld] 1 ,,~~ ilppr,Jj ;;\'ll dceordilli; to tl\f'jr hi"!I{.st 11tH] IJ("~;t U~A' till-.inq illto COllHjdf'l-"- tion (,),;i,;lil',tj :;\luclllrl'~: ",'IIL,t.l"'l" (n" Hot tl,,-'y ,Ire ('(ll1foll\.in<J. ~l"llk"t. villlh' 1Il,IY Ill' ['Ubf;lall! 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Lfl j---:f' II ,. ':; ~ "...,~ \ ~/ j~ F--l;:.--r..~ ~; ~C(:"lL-:iL. 1-' ~:.;""'\-. l-,\,.'~\:i il'-":'" .,j . -n";'G ..::;~~ ,'-:' :: ~- ~-,:..:-....~;t'~"':..\":': If>.,..' t-"' '.:.-:.:.'.1 t.:c:. ;.: ~: -, ~INI'c.S 'Co,,""'" t:.;..,.-,j'.D t..'..:..... / / . --_.........:._~._;~_.~ +:"':'X-1;""-=-__ r~i 1; ~::-_ T r-~:-....':I'...H:~ , i') I,) 1-- ? . ~___ ~:\..-l'"..J~ _._ _ ....... "..._. __. _. ..__.' .~.._u.__._ <,,-_i_:;> '"r'~ '-/ :.,- '.#-- <--3 II _.~_.-..".__.,,_~~,.~w_~_"'-~' FITZHUGH SCOTT 11I ATTORNEY AT LAW 117 SOUTH SPRING STREET POST OFFICE BOX IS 15 ASPEN. COLORADO SI611 TELEPHONE (303) 92!5.12Ie October 21, 1977 Mr. David Ellis Ms. Karen Smith Pitkin/Aspen Planning Office 130 South Galena Street Aspen, Colorado 81611 Re: Spring Street Associates Application for Exemption from Subdivision Regulations Dear David and Karen: Enclosed in this captioned matter is the application of Spring Street Associates for exemption from subdivision regulations, together with a site plan taken from the architectural plans for the proposed residential duplex structure and a preliminary condominium map for the Spring Street Condominiums in connection with the existing commercial office building. As soon as I receive it back from the architects, I will send you our official improve- ment survey and, when ready in the next few days, I will forward to you our proposed Condominium Declaration. Would you please undertake your combined review of this application and keep me posted in the near future. Thanks for your help. Yours very truly, ~J. bk--. Fit hugh Scott III for Spring Street Associates FS/jeo enc. APPLICATION FOR EXEMPTION FROM SUBDIVISION REGULATIONS Pursuant to Section 20-19 of the Aspen Municipal Code, Applicant (Spring Street Associates, a Colorado partnership) makes this application to the Aspen Planning Commission for exemption from subdivision regulations in connection with its two-phased condominium project. The application fee in the sum of $50.00 is enclosed herewith. Applicant is the owner in fee simple of two standard sized city lots located at 117 South Spring Street in Aspen, Colorado, more specifically described as: Fractional Lot 8 and all Lot 9, Block 29, East Aspen Additional Townsite, and Fractional Lot H, Block 98, City and Townsite of Aspen. Applicant purchased the subject property from Bob and Judy Smith on November 1, 1974, together with the existing improvements situated thereupon consisting of a 3,400 square foot commercial-office building and a single family- two bedroom house, which was recently somewhat prematurely removed from the property in anticipation of the construction this fall of the residential duplex building mentioned herein- after. The subject property consists of 6,000 square feet, as can be seen from the improvement survey, which is enclosed with this application. Since acquisition of the property and its improvements, applicant has leased out the four units of the existing commercial office building to the following tenants: Unit 1, Brown-Wolf Enterprises, a graphic art studio; Unit 2, Resolution, Inc., a color photo development laboratory; Unit 3, to Code A Color Filing Systems; and Unit 4 to the Spring Street Law Office (Ware, Scott, Kelly, Van Ness and Crumpacker). Until recently the single family house has also been leased to various residential tenants. Applicant has developed plans for the future develop- ment of the northerly half of the subject property, which development will consist of the construction of a residential duplex building, as is shown on the enclosed site plan, a part of a complete set of final architectural plans and specifications. The rest of said architectural plans and specifications is easily available upon request. Applicant plans to create a two-phased Condominium Project, pursuant to a standard condominium declaration and map, in accordance with the statute. The declaration and preliminary condominium map are enclosed herewith. The first phase of the Condominium Project consists of the conversion of the existing commercial-office building into a condominium-type building. The second phase of the Condominium Project will include the proposed residential duplex building. In connection therewith, Applicant will submit an additional condominium map and secondary declaration, if necessary, in order to comply with the condominium statute. The open space and landscaping aspects of this entire proposed project have been reviewed and approved by the Aspen Board of Adjustment, pursuant to their variance granted to the Applicant last summer of 1977. The land- scaping and related plans incorporated in said variance are on file with the Aspen Board of Adjustment. Applicant has additional plans in this regard, which are available upon request. Phase 1 of the Condominium Project will result in no increase or changes with respect to use and/or density of the existing commercial-office building. The primary -2- , purpose of the conversion is to change the form of owner- ship of the building in order to sell to an existing tenant the downstairs commercial units therein, pursuant to an existing purchase and sale agreement between the tenant, Mel Seid of Resolution, Inc., and the Applicant. Phase II of the Condominium Project (the construction of the proposed residential duplex building) will in net effect increase the residential density of the subject property from one single family (two bedroom) unit to two single family (two bedroom) units. Regarding design standards and other related improve- ments, Applicant submits that the property is presently served by Aspen electric and water service, Aspen Metropolitan sanitation District service and is completely bounded by improved, paved alleys in the rear and by Spring Street and Main Street on both perimeters. Applicant plans, as per its commitments with the Board of Adjustment, to install appropriate sidewalks on Spring and Main Streets and to construct improvements around the trash dumpster in connection with its proposed construction of the residential duplex in the spring of 1978. Based on the foregoing, Applicant submits that the granting of an exemption to the Applicant from subdivision regulations in connection with its proposed two-phased Condominium Project will not be detrimental in any way to the public welfare or injurious to other properties in the area and would be fair and logical in consideration of the existing circumstances and completely consistent with spirit of the subdivision regulations contained within the Aspen Code. Respectfully submitted, Ctr~ h cott III for Applicant, Street Associates -3- , I '/1 i ' '~J; - ! , . FITZHUGH SCOTT III ATTORNEY AT LAW 117 SOUTH SPRING STREET POST OFFICE BOX 18 UJ ASPEN. COLORADO 81 e; II TELEPHONE (303) 92!S.1216 June 27, 1977 Ms. Karen Smith Aspen/Pitkin Planning Office 130 South Galena Aspen, Colorado 81611 Re: Spring Street Associates Dear Karen: As per our preliminary drawings, the enclosed stairwell at the top of the duplex exceeds the 32 foot C-l height limitation by one-half of a foot. The rest of the building is about 4.5 feet under the limitation. These measurements are calculated from and based on our estimations of raising the "natural, undisturbed ground slope" by two feet from the existing level. The purpose of this increase is to better enable us to provide for underground parking, eliminate a steep ramp driveway thereto, and to improve the overall appearance of the building by way of visually diminishing the over- all height appearances of the building, enhancing our landscaping potential and tying the new structure together with the existing building. The enclosed stairwell portion of the roof is designed that way for aesthetic purposes. The P & z resolution of April 2, 1976 at paragraph g, page 3, provides for height limitation adjustments in some instances to encourage variations in building heights and to eliminate monotonous skylines and to provide view planes around structures. , Ms. Karen Smith Aspen/Pitkin Planning Office June 27, 1977 Page 2 Our duplex plans fit into this scheme of things. Accordingly, I respectfully request that you arrange for the special review procedures so as to enable us to seek approval of our preliminary plans with respect to this minor height limitation problem. Specific drawings showing height aspects will follow shortly. Yours very truly, ~{jA)A Fitzhugh Scott, III FS/jeo cc: Clayton Meyring