HomeMy WebLinkAboutcoa.lu.co.214 Lake Ave.A08-88
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CASELOAD SUMMARY SHEET
city of Aspen
DATE RECEIVED: 3/;/RF /)"LPARCElt;W AND ~E NO.
DATE COMPLETE: <::7'-'f?n ..J2/f-M.1'fCrP!fY2..-8"J"
_ S1'AfF MEMB R: C,~
PROJECT NAKE~llfhdJ!oll 0(0110 f]itr10ttll/i }((HQ(ro!Jox _
project Address: I
APPUCANT:
Applicant Address:
REPRESFm'ATIV'" (Wrt" (1;#II~ li"~ ~
Representative Aadress/Pho e: '7 . 1:1. ~ '0 ;'
___________________________ _________~_l___ _J~_____{_~______
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1)
TYPE OF APPLICATION:
1 STEP: 2 STEP:
-/
2) IF 1 STEP APPLICATION GOES TO:
P&Z
cc PUBLIC HEARING DATE:
A1~s;
3) PUBLIC HEARING IS BEFORE:
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P&Z
CC
1j~ UJj'~
N/A
INITrAllS:. Ji~V
DATE REFERRED:,
REFERRALS:
~. . /'. City Attorney
City Engineer
Housing Dir.
Aspen Water
city Electric
Envir.. Hlth.
Aspen Consolo
S.D.
Mtn. Bell
Parks Dept.
Holy Cross
Fire Marshall
Fire Chief
Roarinq Fork
Transit
School District
Rocky Mtn Nat Gas
State Hwy Dept(GW)
State Hwy Dept(GJ)
Bldg:Zon/Inspect
Roaring Fork
Energy Center
Other
FINAL ROUTING:
City Atty
DATE ROUTED:
INITIAL:
city Engineer
Bldg. Dept.
Other:
FILE STATUS AND LOCATION:
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CASELOAD SUMMARY SHEET
HARMON GROUP CONDOMINIUMIZATIONj2l4 LAKE AVE.
TO:
FILE
FROM:
CINDY HOUBEN
RE:
HARMON. GROUP CONDOMINIUMIZATIONj2l4 LAKE AVE.
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On June 27, the city Council approved the Harmon Group
condominiumization with the following conditions of approval:
1. The applicants shall file a statement of subdivision
exception to the satisfaction of the City Attorney prior to
recordation of the Condominium plat which shall include the
following: .
a. Agreement to join any future improvement district if
one is formed for their area.
2.
I b. A six month minimum lease restriction with no more than
two shorter tenancies per year. ,
.~
The applicants shall agree to have the.;struqtures inspected
by the Building Department for fire, health, and safety
conditions and to abide by the Buildin~\oDepartm:~t's
requirEllllElnt~;t~~iorA;o..rElc:.~FfI,8;t.~()n}.().f}}~~j~,plet.~\>~l\+'i\~r{~i~~;<''-. ......
The applicants shall submit a cond~minium Plat pursuant to
Section 20-15 of the Aspen Municipal Code. .
3.
4.
Prior to signature of the condominium.plat, the applicants
shall apply for and receive a ..lot lirieadjustment for .the
easements between 10ts.J.f:i and J.7.
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Condition 414 requires that theapplica.nt . receive a boundary line
adjustment prior to approvalof;theconciolUini1.1I1l plat. . As.of'thili1<'
date (August 23,). theapplica:rl;tshavEl/applied for the boundary
line adjustment. However, thEl,application waf; incomplete. The
applicant was sent a letter noting wha.tadditionalinformation is
required. We are expecting this. information ASAP.
CH.harmon2
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MEMORANDUM
FROM:
Aspen city Council
cindy Houben, Planning Office ~
Robert S. Anderson, Jr., City Manager 12-;J....~
Harmon Group CondominiUmizationj214 Lake Avenue
TO:
THRU:
RE:
DATE:
June 27, 1988
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SUMMARY: The Planning commission and the Planning Office
recommend approval of the Harmon Group Condominiumization with
the conditions as listed.
REQUEST: Condominiumization of an existing Duplex at 214 Lake
Avenue (on the Hallam Lake side of Triangle Park).
APPLICANTS: The Harmon Group, Inc. under contract to purchase
from stevenson Building and Design, Inc.
ZONING: R-6.
DESCRIPTION OF THE PROPOSAL:
condominiumize the two existing
verifies that the units have been
short-term since January I, 1986.
notable historic structure.
The applicants propose to
duplex units. The application
either owner occupied or rented
The duplex is designated as a
REFERRAL COMMENTS:
1) Engineering Department: In a memorandum dated May 5, 1988,
Jay Hammond notes that a condominium map is required
pursuant to Section 20-15 and that the applicants should
agree to join an improvements district. In addition, Mr.
Hammond questions the easement between lots 16 and 17.
STAFF COMMENTS: The application was submitted on March 1,1988
under the old Code, Section 20-22. The criteria for
Condominiumization are as follows:
criteria: Existing tenants shall
their unit is offered for sale
purchase the unit:
Response: Rental history shows that the lakeside unit has been
owner occupied or short-termed and that the street side unit has
been short-termed since at least January of 1986. Therefore,
be given written notice when
and be given the option to
~
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there are no tenants who should be notified that the unit is for
sale.
criteria: All units shall be restricted to 6 month minimum leases
with no more than two shorter tenancies per year.
Response: The applicants are aware of and agree to this
restriction.
criteria: The applicants shall demonstrate that approval will not
reduce the supply of Low or Moderate income housing.
Response:
1) There will be no tenant displacement as a result of
condominiumization.
2) No tenant has been required to move involuntarily within the
last 18 months. The units have either been short-termed or
occupied by the owner.
3) The condominiums will not be affordable to persons of Low
or Moderate income. The units have been rented at an average
price of $650.00 per night, in the summer months $5,000.00
per month. Purchase price of the units is $1,825,000.
4) The rental price of the units are outside of the employee
housing guidelines.
5) There are no long-term tenants who should be contacted in
order to exercise their option to purchase the units.
6) The units will not be purchased by an employer who intends
to rent the units to employees.
In summary, the units have not been rented on a long-term basis
and have not been rented within the last 18 months at prices
affordable to employees of the community. Therefore, there is no
displacement of employees associated with this application. The
Planning Office has no objection to the proposed
condominiumization with the conditions as listed below. For your
information, the condominiumization of these units under the new
Code would require an affordable housing impact fee be paid
totaling $16,100.00.
RECOMMENDATION: The Planning commission and the Planning Office
recommend approval of the Harmon Group condominiumization with
the fOllowing conditions:
1.
The applicants shall file
exception to the satisfaction
recordation of the Condominium
a statement of subdivision
of the City Attorney prior to
plat which shall include the
2
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following:
a. Agreement to join any future improvement district if
one is formed for their area.
b. A six month minimum lease restriction with no more than
two shorter tenancies per year.
2. The applicants shall agree to have the structures inspected
by the Building Department for fire, health, and safety
conditions and to abide by the Building Department's
requirements prior to recordation of the plat.
3. The applicants shall submit a Condominium Plat pursuant to
section 20-15 of the Aspen Municipal Code.
4. Prior to signature of the condominium plat, the applicants
shall apply for and receive a lot line adjustment for the
easements between lots 16 and 17.
RECOMMENDED MOTION:
"The City Council moves to approve the Harmon Group
Condominiumization with the conditions 1-4 as listed above".
ch.harmon
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MEMORANDUM
TO:
Aspen Planning commission
FROM:
Cindy Houben, Planning Office
RE:
Harmon Group Condominiumizationj214 Lake Avenue
DATE:
May 17,1988
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REQUEST: Condominiumization of an existing Duplex at 214 Lake
Avenue (on the Hallam Lake side of Triangle Park).
APPLJ:C1\NTS: The HarIllQn Group, Inc. under contract to purchase
from StevensQn Build~n9 and ~esign. Inc.
2l01'liJ:NG; R~€h
DESCRIPTION OF THE PROPOSAL:
cOndominiumiz.e. the tWQexisting
vel!:'ifie$ thClit .tl1,e uni~s; have been
sh?rt-t.erni. e;iIlce January 1, 1986.
notable hiSltQrig st.FUcture.
The . applicants propose to
du!?lex units. The application
either ow~er occupied or rented
The duplex is designated as a
I!l!J!
REFERRAL COMMENTS:
-,'"
Engineering Department: In a memorandum dated May 5, 1988,
Jay Hammond notes that a condominium map is required
pursuant t.o Section 20-15 and that the applicants should
a~ree to join an illlprovements district. In. addition, Mr.
Hammond questions the easement between lots 16 and 17.
ST~. ~~~ .TIi1~CIi1>l9'lil::atip~ .wass~~lIlit.t.eti\ PDt Ma.rch 1,19811!
undli!lJ;" the old code, Section. 20;-2;~:.. The criteria for
C:ondominiumization are as follows:
1)
Criteria: Existing tenants shall
their unit is. offered for sale
purchase the unit:
Response: Rental history shows that the lakeside unit has been
owner occupied or short-termed and that the street side unit has
been short-termed since at least January of 1986. Therefore,
there are no tenants who should be notified that the unit is for
sale.
be given written notice when
and be . given the option to
Criteria: All units shall be restricted to 6 month minimum leases
with no more than two shorter tenancies per year.
.,....,
~
Response: The applicants are aware of and agree to this
restriction.
criteria: The applicants shall demonstrate that approval will not
reduce the supply of Low or Moderate income housing.
Response:
1) There will be no tenant displacement as a result of
condominiumization.
2) No tenant has been required to move involuntarily within the
last 18 months. The units have either been short-termed or
occupied by the owner.
3) The condominiums will not be affordable to persons of Low
or Moderate income. The units have been rented at an average
price of $650.00 per night, in the summer months $5,000.00
per month. Purchase price of the units is $1,825,000.
4) The renta1 price ot the units are outside of the employee
housing guidelines.
~> There ~re nQ lon91-term tenants who should be contacted in
order to exerQise! t~e~:r: 9ption to purchase the units.
6) The units win not be pUrchased by al1\ employer wha intends
to rent the units to. employees.
.
In summary, the units have not been rented on a long-term basis
and have not been rented wi thin the last 18 months at prices
affordable to employees of the community. Therefore, there is no
displacement of employees associated with this application. The
Planning Office has no objection to the proposed
condominiumization with the conditions as listed below. For your
information, the condominiumization of these units under the new
Code.. would require an affordable housing impact fee be paid
totaling ~16~;OO.90~
RECOMMENDATION:. The Planning Office recommends approval of the
Harmon Group condominiumization with the following conditions:
1. The applicants shall file a statement of subdivision
exception to the satisfaction of the city Attorney prior to
recordation of the Condominium plat which shall include the
following:
a. Agreement to Jo~n any future improvement district if
one is formed for their area.
b. A six month minimum lease restriction with no more than
two shorter tenancies per year.
2
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2. The applicants shall agree to have the structures inspected
by the Building Department for fire, health, and safety
conditions and to abide by the Building Department's
requirements prior to recordation of the plat.
3. The applicants shall submit a Condominium Plat pursuant to
section 20-15 of the Aspen Municipal Code.
4. Addit' nal information regarding the easements between lots
16 d 17 shall be submitted by the applicant and reviewed
b the City Attorney in order to establish whether a lot
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MAY 9
MEMORANDUM
TO:
FROM:
Cindy Houben, Planning Office
Jay Hammond, City Engineering~
DATE:
May 5, 1988
RE:
Harmon Group Condominiumization
===========================================================
Having reviewed the above application for condominiumization of
the structure at 214 Lake Avenue, and have made a site
inspection, the Engineering Department would offer the following
comments:
1. The condominium map that we have received is a single sheet
showing the structure foot print only. The condominiumization
shall be conditioned on submission of a complete condominium map
pursuant to Aspen Municipal Code section 20-15 and Colorado
Revised Statutes governing condominiumization.
2. The easements between lots 16 and l7 are an odd convention
and we would question whether they amount to a defacto lot line
adjustment.
3. The applicant shall be required to join future improvement
districts pursuant to standard language from the City Attorney.
JH/co/Mem075.88
cc: Chuck Roth
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I.AW OFFICES
OATES. HUGHES Be KNEZEVICH
LEONARD M. OATES
ROBERT W. HUGHES
RICHARD A. KNEZEVICH
PROFESSIONAL CORPORATION
THIRD FLOOR. ASPEN PL...ZA BUILDING
533 EAST HOPKINS AVENUE
ASPEN. COL.ORADO 81611
AREA CODE :S03
T~LEPHONE ~20'1700
TELECOPIER eaO-1I21
JOHN M. E!.. Y
June 3, 1988
....61!118
Mr. & Mrs. prentis B. Tomlinson, Jr.
333 W. Friar Tuck
Houston, TX 77024
Dear Mr. & Mrs. Tomlinson,
This firm represents The Harmon Group, Inc., which is
the owner of the two townhouses situate easterly of your proper-
ty, Lot 16, Shaw and WPW Joint Venture Subdivision. The Harmon
Group property consisting of a duplex structure is situate on Lot
17. As you are aware, both of the properties are burdened by
that certain Easement Agreement recorded September 21,.1981 in
Book 414 at Page 652 of the Records of Pitkin County, Colorado.
The purpose of that Easement Agreement was to give Lot _16 more
width on its northerly side fronting Hallam Lake and to give the
southerly or streets ide unit on Lot 17 greater street frontage on
Lake Avenue.
The Harmon Group, Inc., has been informed by the Pitkin
County Planning office that it is the City's Engineer's position
that the subject Easement Agreement, a copy of which I have
enclosed for your review, it believes that the Easement Agreement
is an attempt to avoid going through a formal lot line adjustment
proceeding at the time that the Easement Agreement was entered
into in 1981. It would appear from our analysis that they're
probably correct in making this conclusion. The purpose of this
letter is to solicit your cooperation in doing a formal lot line
adjustment so that The Harmon Group, Inc., may convey to you that
property under the Easement Agreement intended to go with Lot 16,
and you convey to The Harmon Group, Inc., that portion of Lot 16
intended to go with Lot 17 by the Easement Agreement.
In order to assist you further, we have
herewith a composite map which we had prepared by
Inc., here in Aspen which shows .the Easement.._.
enclosed
Alpine Surveys,
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OATES. HUGHES & KNEZEVICH. P. C.
Mr. & Mrs. Prentis B. Tomlinson, Jr.
June 3, 1988
Page 2
I would ask that you review the materials enclosed in
view of this letter and give me a call to advise me as to your
position on this matter.
Very truly yours,
OATES, HUGHES & KNEZEVICH, P.C.
BY' ~)1\~ hi;
Le a'rd . 0 es-
LMO/cm
enc.
cc: . Cindy Houben
~.
LAW OFFICES
MAR'7'~
OATES, HUGHES 8< KNEZEVIGH
PROFESSIONAL CORPORATION
THIRD FLOOR. ASPEN PLAZA BUILDING
533 EAST HOPKINS AVENUE
LEONARD M. OATES
ROBERT W, HUGHES
RICHARD A. KNEZEVICH
ASPEN, COLORADO 81611
AREA CODE 303
TELEPHONE 920-1700
TELECOPIER 920-1121
March 15, 1988
Cindy Houben
Staff Planner
Aspen/Pitkin Planning Office
130 South Galena Street
Aspen, Colorado 81611
Dear Cindy:
I acknowledge your telephone call regarding the neces-
sity of a survey plat in conformance with the requirements with
the City of Aspen's Engineering Department before the matter of
the Harmon Group Condominiumization can be placed before the
Planning and Zoning Commission. I realize that your telephone
conversation was to inform me that in fact the application we
filed is not complete which is contrary to the contents of your
letter of March 10, 1988. To confirm what I told you on the
telephone, bumping this matter until we can provide you with the
appropriate survey documents will not constitute a problem for my
client.
Thank you for your courtesy in this matter.
Very truly yours,
OAT~UGRES , KNE'EV'CH,
By 4,AAM..f ~
Le nard M. Oates
P.C.
LMO/pjo
1. 21
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MEMORANDUM
MAr? 1 1 1988
FROM:
City Attorney
City Engineer
Cindy M. Houben, Planning Office
TO:
RE:
Harmon Group Condominiumization
DATE:
March 10, 1988
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Attached for your review and comments is an application submitted
by Lenny Oates requesting Condominiumization of an existing
duplex located on Lot 17 of the Shaw and WPW Subdivision.
Please review this material and return your comments no later
than Karch 25, 1988 in order for this office to have adequate
time to prepare for its presentation before P&Z.
Thank you.
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ASPEN/PITKIN PLANNING OFFICE
130 S, Galena Stceet
Aspen, 00 81611
(30 ) 925-2020
cIi 10 19ft
b~fflL--
This is to infocm you that the Planning Office has completed its
preliminary ceview of the captioned application. We have determined
that youc appl ication IS IllQ'l' romplete.
Additional items cequiced include:
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Disclosuce of Ownecship (one ropy only needed)
Adjacent Propecty Owners List/Envelopes/Postage (one copy)
Addi tional' copies of entire application
Authorization by owner for representative to submit applica-
tion
Response to list of items (attached/below) demonstrating
compliance with the applicable policies and regulations of the
Code, or othec specific materials
A check in the amount of $
You!' app.l icatiO~/;7i~. compli..;e.te. and we hj~e .~chi:duled it ~or
ceyl.ew by the L""..E...- '. on q.tlt..2- . We will
call you if we need any addition,al infocmation prior to that
date. . Several days pdor to your hearing, we wilI" call and
make available a oopy .of the memorandum.. Please note that it
IS NOT. 'youc responsibility to post youl: pcoperty with a
sign, which we can provide you for a $3.00 fee.
B. Your application is incomplete, we have
I:eview at this' time. When we receive
I:equested, we will place you 00 th<<; ne,
If you have any questions, please call
the plannel: assigned. to your case.
not scheduled it
materials we have.
'lable agenda.
,
Sincerely,
ASPEN/PITKIN PLANNING OFFICE
Ci~ (MiL.
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AFFIDAVIT OF
MICK SPALDING
The undersigned, Mick Spalding, being first duly sworn upon
his oath states and avers as follows:
-_.'--
1. That he is the manager of the short term rental
division of Coates, Reid and Waldron Property Management, Inc.
/
./
2.
to the rental
Joint Venture
In his capacity he has personal knowledge/with respect
history for the duplex situate on Lot 17 SHAW and WPW
Subdivision, 214 Lake Avenue, Aspen, Colorado.
3. To his own knowledge the Lakeside (northerly) duplex
unit has always been owner occupied or short term rented, and the
street side (southerly) unit on the subject property has always been
short term rented.
4. To his knowledge there have been no long term rentals
of the property since January 1, 1986.
5.
reflecting the
preceding.
Attached hereto as Exhibit "A" is an account history
rentals of the property during the last two year
DATED, March 1, 1988.
COATES REID & WALDRON PROPERTY
MANAGEMENT, INC.
STATE OF COLORADO
)
) ss.
)
By ~M'-5f~~
Mick Spalding
COUNTY OF PITKIN
.h'4RC.rV
Subscribed and sworn to before me this ~~ day of
, 1988.
Witness my hand and official seal,
My commission expires: .hV&;'vS/ ~Oj /9'.1"'7
~;c;=ct=
/Nota Public ~...'.. "..
29.09
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MAR
LAW OFFICES
OATES, HUGHES & KNEZEVICH
PROFESSIONAL CORPORATION
THIRD FLOOR, ASPEN PLAZA BUILDING
533 EAST HOPKINS AVENUE
LEONARD M. OATES
R08ERT W. HUGHES
RICHARD A. KNEZEVICH
ASPEN. COLORADO B1611
AREA CODE 303
TELEPHONE 9.20-1700
TELECOPIER 920-1121
March 1, 1988
Mr. Tom Baker
Staff Planner
City of Aspen Planning
Department
130 S. Galena
Aspen, CO 81611
Re, Duplex Condominiumization of Lot 17 SHAW and WPW
Joint Venture Subdivision
Dear Tom,
Based upon our Preapplication Conference of February
25, 1988, this letter shall constitute the application of The
Harmon Group, Inc., a Delaware corporation for the condominiumiza-
tion of the existing duplex situate on Lot 17 SHAW and WPW Joint
Venture Subdivision.
Pursuant to your instructions, you will please find
enclosed the following:
A copy of a title insurance commitment naming The
Harmon Group, Inc., as the proposed insured, together with a copy
of a Purchase Contract which we anticipate closing on March 10,
1988. We have not submitted a consent of condominiumization
document of the Seller, inasmuch as this transaction will close,
prior to the time that your review commences, and before the time
that the matter is presented to the planning and zoning commis-
sion. I will forward to you a copy of the recorded Deed of
Conveyance once the closing occurs. As you can see from the
contract the closing will be for cash and all liens reflected in
the title insurance commitment will be removed.
Also enclosed is the Affidavit of Mick Spalding, with
Coates, Reid and Waldron Property Management, Inc., the firm
which rented the property since its completion in early 1986,
demonstrating that the lakeside unit has always either. been
occupied by the Owner or rented short term, and that the street-
side unit of the duplex has always been rented on a short term
basis. Needless to say, the applicant does understand that based
on the applicable ordinances upon condominiumization of the unit,
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OATES, HUGHES 8< KNEZEVICH, P. C.
Mr. Tom Baker
March 1, 1988
Page 2
her occupancies will be limited to leases of minimum duration of
six months or longer.
I have made arrangements to obtain an as built plat and
condo~inium map in compliance with the provisions of the Code.
Finally, I have enclosed my firm's check in the amount of $1,570,
in payment of the requisite fees for the application.
I would ask that this matter be placed for review by
the Planning and Zoning Commission as soon as possible, I under-
stand that may occur in early April.
Thank you for your courtesies and cooperation in this
matter. Please call with any questions or additional submission
requirements you may have.
Very truly yours,
OATES, HUGHES & KNEZEVICH, P.C.
By: ~ 0Ju>
Leonard M. Oates
LMO/cm
P.S. Also enclosed please find 3 additional copies of the enclosures.
.....
mil II A UIlAL INsmUMENt IF NI7T UNDERSIODD, LEGAl., lAX DR ornER COUHSEL SHOUlD 8E CDHSUlTED mORE SIGHIHG.
, .
. .~ E. DURANT, ASPEN. COLORADO 81611, (303) 92~50
THE ASPEN BROKERS
LTD.
Itol-o:lr1""lr<>"r~,''''f't'''lCl1YC'''W
"(ol~'~~f!/A,',,~~,"''''I~lrs Inc
RESIDENTIAL
CONTRACT TO BUY AND SELL REAL ESTATE
(Seller's remedy limited to liquidated Damages)
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4. Price to include any oC the Collowing Items currently on the Property: lighting, heating, plumbing. ventilating,
and centrnl nir conditioning (ixturesj attached TV antennas 8ndtor water soCtener (lC owned by Seller); all outdoor
plants, window Bnd porch shades, venetian blinds, storm windows, storm doors, screens, curtain rods, drapery rod.,
aUached mirrora, linoleum, (toor tilet8wnlng" rirepJace sereen and grate" bullt.ln kitchen ap~llances. wall.to.wan f
c",p.lin~ all ki tchen app iances, whether classified as maJor, or' otherwise, c
and dryer, and all furniture and furnishings presently on tho.premise1'
to be inventoried and the description attached as Exhibit A, (excep.t
only personal effects of the, owners) . i :.
aU in thde present condition, eonvcyed Cree and clear of all taxes, liens arid encumbrances except as provlded In I
pRrAgroph J J; provided, however, that the Collowlng tixtureaoC a permanent nature are excluded trom this aale;
none . I
Personal property .hall ba conveyed by bill ohale.
6. If a new lunn i5 to be obtained b)' Purchaser trom a third ps.rty, Purchaser agrees to promptly and diligently (a)
arfth' (or ~uch loan, (b) execute all documents and furnish all information and documents required by the lender, and
(c) pay the customary costs oCobtalning such loan. Then Jfauch loan is not approved on or before "I a .
19nLaor if so approved but Is not IIvnHable at time of dosing, this contract shall be ".ulland void and aU pa)'ment. and
things or \'olue received hereunder shall be returned tv Purchaser. I
6. If n !lote and trust deed or mortgnge Is to be aS8umed, Purchaser agrees to apply ror a loan anuntptlon Ir
required and agrees to pay (1) a loan tranaCer Cee not to exceed' n /;:J and (2}'an interest rate
not to exceed ~rI % pet annum. If the loan to be assumed has pro'vlslons lor a shared equity or variable
Interest rRtt'S or vartoblepnyflliHtU;*thls contract Is conditioned upon Purehllsern-vte'\\01ntr1fT'i'tJ 'W11'Senttng ta-.uch-" ~._.
provision!!. If the lender's consent to a loan assumption is required, this contract is conditioned upon obtaining such
consent without change In the terms and conditions uC8uch loan except 88 herein provided.
1. Ir n 1I0te Is to be made po)'able to Seller all partial or Cull payment oCthe purchase price, this contract ahall not
be 8uignnblc by f'urchBser without written consent ot Seller.
1. The undersigned fl.gent hereby acknowledges having received Irom The Harmon Group. I nc. ,
a Dela"i.are cQJ;:Wratlon. or its nominee theaumor, lOO.OOO.09IntheCormoC
persona~eck ,tobeheldby Coates Reid & 'Naldron .
broker, in broker's escrow or trustee lecount, aB 81rneal money and part payment tor the following described real
e.tat.lnth. CountyoC Pit:kin ,Colorado. to wit:
Lot 17, Shaw and WPW Joint Venture Subdivision, according to the
Hap thereof recorded in Plat Book 5 an page 9, pitkin County, CO
together with nil hnproVehltnts thereon and all Clxtures 01 a permanent "elure ctU"rently on the premia!! except as
hereinRfter provided,!n their presentc:ondition. ordinary wear and tear excepted, known as No.214 Lake A venue,
1\spen, CO 81611 . and hereinaCter called the Property,
(Strut Addrrlt.Clty. Zip)
2. Subject to the provisions of paragraph 17, the undersigned pereonrlr: The Harmon Group, Inc.
(asJoJnt tenants/tenants in common),
hereinnfter called Purchaser, hereby agrees to buy the Proporty, and the undersigned owner(sJ. heninllCter caUed
Seller. herebr agrees to !lell the Property upon the terms and conditions stated herein.
3. The purcha.e prlceahall be U.S. $1, 825.,000.00 ,payable as Collow&:' 180,00 !\"'Wily receipted Cor,
and the balance in the form of cash, certified funds or wire
transferred funds at time of closing.
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8. Cosl 01 o..y opprar'or loon purpo... to b. obtaln.d an.rthl. dalo ;11 b. pold by Purchaser.
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and lJubjt'cl to buildIng end zoning regulations.
12. F:xCrl't O!l slated In plIragraphs 11 and 13, UtItle 1. not merchantable and written notlee or dttecHII) Is ,Iyen by
rUtthR~er or rurchaser's ..gent to Seller or Seller', agent on or belore dat;-oC doelng, Seller "hall USe renon.ble
eHoft to cMn'cl !lAid deCecl(s) prior to date of dosing. It Seller I. unable to correct said deIect(a) on or betafe date or
clo~iJ1R'. III S~"er', option nod upon written noUce to Purchaser or Purchaser', "gent. on or befon date ot closing, thl
date of clo.'1IIlR' sholl be extended thirty daya Cor the purpoae oCcorreetlng laid delecl(s). Except as ,tated In paragraph
u,lr lHle Is not rcnder~d merchantable as provided In this paragraph 12, It f'urchuer's optlon,thls contract .han be
"Void And of no effect Aud each party hereto .hall be releaaed from .U obligatJonal1ereunder and all pa)'ment. and
thfnR" or vnlur! received hereunder .hall be returned to Purchaser.
13. An)' .ncumbro..ce required to be paid may b. paid at the time of .ettlement (rom the "roeeed. of thll
ttfln~l1ction or froll1 811)' other !lource.-Provh.h!di..Jto""ff;"at-tht'~"'rt,,.f--eit-her-)'t1l1'!1r-ifthe-tO't1tHn~t-ed"l"U'1
.....ar.d b, lien< Olrtlle-I"nlf"'Tt1 ,,,,e,,,,,j.._ pItt"""~"'..t1ri1M:l7ht.....I-sha-lH>e ...a-llf-Imd..fno..lfethrnlf ....drpllTty- ,
-I", mm.1, nlHno niC"llmm m,,1I W1igatlo"rhe......mIer 1md..1I J'&7"",ntrlmd-thlll!l'S..ka'- .....elm l1et't'1Jlrd ....,,"'1-
"1l1! TI!"tCfnn'lhtr Pm'tlf1!. "f!f.-
14, Gencl""llnxes lor the year DC closing, based on the most recent levy and the most recent aanssment, prepaid I
renh, wnlcr rcnts, sewer teflts, FUA mortgage Insurance premiums lind-Interest on encumbrances, Ir any, and _ . J "
.u.t:J..JJ..J;.ie.S----<lud....per"nnal propArty ,,,"<. ; fa.'ll:iilbeapportlonedtodateofdeliver)'old.ed. i
15/I"S~I''';01l ol,h. Pro/,erly .hall be delivered 10 Pureha.eron ~'arch 11, 1988, prior to 10: 0
J\,H,~1 provided, however that the Seller shall be entitled to occupy t.
suhject to the (ollowlng lenst! or tenanc:les: none' .
.or upon fiv"e"'rsraays-written notice from Selle'rc~urcnaser; ':
9": i\-n-nlr.<<nu:-t-vftitfe-ttt the-l'roper-t.nfft'~Eied-to-d1tte; or liturront commitment lor title Insurance pollc)"In an .;,
amount cqilnl to the purcha!le price, at SeUer's O'ptitnrmtd expense, ..hall be furnished to Purchnllu on ot beron :!'j
-..-l':c.br.uary.....JJl. ,19.JJ1l-lffleJIvT,,"'cto-te IvTnl"/""ehl-tltl..h1"""...",..eomtnitm"rrt, Seller;./II I
dC!lh'H the title Insurance pollc)' to Purch.eer after C!lo.ll1<< .nd pay the premh:tn thereon. . I." "." ~I
10, Th. d,,'e 01 clo.lng .holl b. the date (or delivery of deed .. pro.lded In poragraph 11. The hour .nd pl... of I
c105111g'!'hnlJhCDsdeslgnpt(!dby-Caaf-P~ Rt=ltn ~ toJ:.ltlrnn {n I"!nnp wt t-h rnlrlwr.-l1 R'ilnker
.. l\SP
II. Tille shall be merchantable In Seller, except tl!J fltated In this paragrAph and In pBrographs 12 and 13. SUbject II
' ro
to I'n)"IlICllt or tt'ndcr os above provided and compllanee by Purehaser with t.he other terms lInd provl5Jons ~etepf, Ltd
Spll,'r ~llnll ('lCt'cote and deliver It good and tluCflclent . qeneral warranty deed to Purchaser on >1
llarch 10 . 19~, or, by h1utual..green.ent~...t 8f! earlier date, eonveylng the Property lue and '
. ~ 1 '
cf(!nr or nil taxu. exu'pt the generallaxes for the ye8rorc:loslng,..~MP~ .
rree nnd c!t'Rr or oU liens ror e:pectallmprovements fUltalled B8 oC the dale oC Furchuer'lIl1ignBture hereon, whelher . t
u!iessed 01' flat: rree and clearoCall UenIJ Rt1denCUlnbnnceaexeept reserva tions, restrictions,' , i
agreements, rights of way Which do not in Purchaser's reasonable 1
opinion render titfe unmarketable and mineral reservations. ' .
except r{'corded Rud/or lIpparent eaeetnents tor telephone, electricity, water, sanitary !ewer, and eaumen:; lor
of record \~hich do in Purchaser's reasonable opinion do not render. ti J
ucept the rollowl"g restrictive covenanta which do noteontaln a rrght olreverter: None unmarke tal:
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II Sell.r In;l, lu ".IIv.r poss...lon on the dal. herel.n .pecifled, Seller shall b. .uhJe.t to evletion snd .hall bellabl. (or
a dnl1r rcu(nl or $ until possession JJ delivered.
16. In tht' e-vcl1lthe t'roJ'lerty shs.1I be dal11aged by rire or other casualty prior to time of closing, in an aPlount or
not morc thnn ten percent (lC the total purchase price, SeUer shall be obligated to repair the SIlm! beCore the date ,~.
h~rti" provith'.l (ur dell\.~.t). of dl.!ed;-Inthe event luch damage la not or eahnot bd fep1iinawnJiin"Siifd't1fiii orlrlni--; 7
d8mft~t'~ cxc'!('" such sum, lhis contract mAY be terminated at the option 01 Purchaser and all payments and things 01 ~: '!
value' recei\'cd hereunder shall be returned lo Purchaser. Should Purchaser elect to eRtry out thlll contract deaplt. ,i ;
such dltll1{1~C. Purchaser sholl be entitled to all the credit (or the Insurance proceeds resulting trom such damAge, not :', "
exceedirtj:!', howe\'C!r,lhe totol purchase price. Should any fixtures or eerv'ees tail between the dale oC thla contract ~'I"(
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and the dote or I'osseuion or the dale oC deJlvery 01 deed. whichever shall be earlier, then Seller shall be Hable Cor the 0 t I:
repQlr or r('Jllncemettt ofsuch fixtures or l!Iervlecs with. unit ofsfmllar size, age and quality. or 8n equivalent credit., .. 1
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11. Time 15 or tht!' e.ssence hereof. If any note orcheck reeelved as earnest mone)' hereunder or an)' oth\!r pafment 0' "t .: I'
dUI! hereullclcr i!l nol pAid, honored or tendered when due, or If any other obligation hereunder Js not performed II " ',1}
herein prodded, there sholl be the fnIJowlng remedies: I :. ','
(n) IF !'UItCI!ASEIl IS IN DEFAULT, lh.n all paymenl. and thing. 01 volue recelvod hereunde. .hall ba I! ;"f
forfeit cd br Purchaser nnd retaIned on behalf or BeUer' and both partiell .hall thereafter be released rrom All I', I
obli~nllolOs horeunder. It 10 .greed thot .ueh poyment. and lhlng. or volue are LIQUIDATED DAMAGES and II :, !
(.xcept n. provided In ,ubpnregroph (c)) are the SELLER'S SOLE AND ONLY REMEDY lor tha I'ureh..er'~ ..', .11.
rnllul c to (lCOrrOI'ln the oblignUons of this contract, Sener expreuIy walvea ~he remedies oC Ipecine perCormance j I '\
anll ndllitiufll1l dnmnges. . .! ;1'
(b) If SELl.En IS IN DEFAULT, (I) Purchuer may elect to treat this contrad as term1nlltt!d, In whIch ca.. . " .
nil Jln)''':cl\t~ Rnd thlugs or" value received hereunder ahan be returned to Purchaaer and Purchuermay recover' ,t'.t
.u,h ~n"'n~.. as mny be Jlroper, or (2) rur.ha.er moy .Ie.t to tr.st thlo contract a. being In lull.loree an. d eU~c:\,~ " :", \ 1.
tUld Purdln:"lC'lo shAn have the rlg11t to an od}on for speclric performance or damages, or both. '\", ..:' I
(c) 1\1I).tI11ul:' to thE' contrary herein notwithstanding, In tile event of Gny llt1gaUon aristng out 01 thli':: ; \:: ~
contract, the court mpy aWllrd to the'prevaillng party aU reasonable costs and expense, Including attorneys. f~et':! : o. \
18, rurchn!:cl" nnd Sell"et ne-ree that, In the event or lIr:y controversy regardlng the Cllrttut mone)' held by broker;: . " tit
unless rnutunl wl'ilten tmll'tuctlon Is received by broker, broker shall not be required to lake any acllon but mill)' awalf; '\ Ii(
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""Y proccedil1~. or at broker's opllon and dhlcnUan, may Interplead afly moncya or things orv.lue Intocour\ and mly , ' 1. ~
Hcover court cO!lb nnd renlonable attorney.' Ceea, : 0 j. I:;
'.street (Lake hvenuel side unit of the duplex structure on the subjec~ r
~roperty for up to 30 days after closing at no rental charge. . However,:
~f the said street side unit shall be rented, the sale shall be subje"ct
to rent"l and all rents shall be prorated to. Closing. Seller represents
their shall be no rental of ~~~e said s~~eet side unit beyo.nd hP~~.~"1'1\91~
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19. ,\dditionnl pi'ovi1lions: -
I. I'tlrt"h;z.,1f>r :I"lcilOn'/C.'dgC$ prior "mely receipt o(notlce th~l Coldn"t'lI Sanker l1u:Mpcn Bl'Oktn LId. ;md Its .,tnt,:srl:' :lRcnrs of the Sellcr,
ud art nol rrl'<<$l:'l1Iln8 Purclrucr u Purch:urr'$ asent JIi ,hi' fr.ms#ctlon,
2. The seller shall, at Seller's expense be obligated to complete su~h
items within the duplex units on the subject property as have not.
been completed such as switches, switch plates and the like prior I
to closing. The completions shall be in quality consistent with i
the remainder of the respectiv~_~nits.
See attached Addendum for additional conditions
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20. If t hi! PI'opo~81Is accepted by Seller In writing And PurehftserreeelvE!1t notice or iuch aeeeptancl! on or beCore
Febr.!1ary 19 . 19J!.8": this Instrument shall become a contract between Seller and Purchaser and .han
Inure to the Lrlleflt or the heirs, successorl and assigns of such partie8, except. as stated in paragl'Rph 7.
TUE HARNON GROUP, INC.
llY____ 2/18/88
P."..." C. B. Schwartz, Vice presi'd(!nt
Broker COLDWELL BANKER THE ASPEN BROKER
LTD.
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H.l~
By,
Joshua Saslo.ve
PUr<hnser'sAddre.. 667 Madison Avenue, New York, New York 10021
(The rollowlng .erllon to be rompleted by Seller ond Llollng Agent)
21. Seller nccept> the o~o'e propo..lthl.J.9th doyor February ,19~ ond ogrees
to ru'~' n C'ollllnission ot S.1X % or the purchase price Cor services I" thi$ tranllaction, and Agrees that, In
th~ e\'ent or' rOl'feiture or f'R)'ments and things of value ueelved hereunder, such paymenta and things of value ,hln
be divided between Ii~ling broker and Sellel', one.haltthereol to aeidb.'oke,).,.but. nut to exceed the~qmml~1J9..tt..a.nd th~ . :
bolo"ee to Seller. STEVENSvN BUILDING AND Dr;::;.lGN, .1NC.,
a Florida corporation . I
. By ~.-~ ~/?z:z_, :
.---- 5."" 'StePh~CffEililn --, r.? .
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Seller'.Addms_ 1001 Northwest 62nd Street, Suite 401, Fort Lauderdale, FL
33309
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*under the mechanism
hereto.
Coates, Reid & Waldron
720 E. Hyman Ave., Aspen, L:U ll.1b.1.1
provided in paragraph F of the addendum
attached'
Listing Brokel"!j Name 811d Address
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rlln-nt'l ckrtc... nn ol'll1lon on the Conn IUtd .ubtw.dve cont~nt the~.
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AODF.NDlIN . to -tFiatcerEain Residential Contract '-et1-SUY-l!ru.!"- Setl.'-Real~'-
Estate ISeller's Remedy Limited to Liquidated Damages), dated
February 18, 1988, between THE HARMON GROUP, INC., PURCHASER and
STEVENSON BUILDING AND DESIGN, INC., SELLER for the property known as
Lot 17 Shaw and WPW Joint Venture SUbdivision, according to the Hap
thereof recorded in Plat Book 5 at page 9, Pitkin County, Colorado.
A. To the extent the provisions contained in the Addendum
conflict with provisions contained in the contract to which the
Addendum is attached, the provisions in the Addendum shall control.
B. Seller warrants that he is not subject to withholding
as defined under Internal Revenue Code Section 897 IForeign Person
Transferror) and will execute an Affidavit prior to closing to this
effect.
C. In the event that the personal check (earnest mohey)
bargained for in paragraph one 11) above is not honored when first
presented for payment, at Seller's option, and in addition to any
other remedies, this contract shall be null and void and all parties
hereto shall be released from all liability hereunder.
D. All earnest monies are to be placed in an interest
bearing account with interest accrued as additional earnest money.
purchaser's Social security No: (to be provided)
E. Purchaser agrees to pay the City of Aspen Real Estate
Transfer Tax in'the amount of one-half of one percent (.005) of the
purchase price at closing.
1
F. The contract may be executed in multiple counterparts,.
each of which shall constitute an original, but all of which taken
together shall constitute one and the same document. Execution shall
be made by the respective parties who shall then send telephone
facsimiles to Coates, Reid and Waldron at (303) 925-1400 before 4:30 !
p. m ./NST on February 19, 1988. When both facsimiles are received by j
Coates, Reid and Waldron, the contract shall be deemed bound, made
and entered into. Each party shall then, on February 19, 1988 send 3
copies of the Contract with its original signatureGthereon by Federal,
Express to Coates, Reid and Waldron, one (with each signature) to be !
delivered to the other party and one to be given to each of the .,
Brokers involved herein.
LEG!. 34
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@.uyersptle
Insurance @rporation
NATIONAL HEADQUARTERS
RICHMOND, VIRGINIA
COMMITMENT FOR TITLE INSURANCE
SCHEDULE. A
1. Effective date, 2/8/88 @ 8:00 A.M.
Case No. PCT-1663
2. Policy or policies to be issued:
(a)ALTA Owner's Policy-Form B-1970
(Rev. 10-17-70 & 10-17-84)
PROPOSED INSURED: THE HARMON GROUP, INC., A
(b)ALTA Loan Policy, 1970
PROPOSED INSURED:
Amount $ 1,825,000.00
Premium $ 1,634.75
DELAWARE CORPORATION
Amount $
Premium $
(c)
PROPOSED INSURED:
Amount $
Premium $
Tax Cert. $ 5.00
3. Title to the FEE SIMPLE estate or interest in the land described or
referred to in this Commitment is at the effective date hereof vested
in:
STEVENSON BUILDING AND DESIGN INC., a Florida Corporation
:;,..,'
4. The land referred to in this Commitment is described as follows:
LOT 17, SHAW AND WPW JOINT VENTURE SUBDIVISION, according to the
Map thereof recorded in Plat Book 5 at Page 9. COUNTY OF PITKIN, STATE
OF COLORADO.
Countersigned at, PITKIN COUNTY TITLE, INC.
601 E. HOPKINS
ASPEN, CO. 81611
Schedule A-PG.l
This Commitment is invalid
unless the Insuring
Provisions and Schedules
A and B are attached.
..,,,...
AutOOl1J~
or agent
...'__11__.'__.'_..1__11_..'__.'_..1_..1_..'_..'_..1__'[__"__11_..'__.'__.1_..'__.'_..1__.'_..'__11_..1_..'__.'_..'_..1__.,
Form 100 Litho In U.S.A.
n","'.n..1nn..t\1'\41I?
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-"(_~II_..I_..II_.II_.II_.II_.II_..I_.IVI_.lr_.II_.I[_.1[_.II_.I1_.II_.lr_~.I_.."_..I_.II_..[_.II_.II_.II_..I_ail_ailE
kwyerslitle
Insurance @rporation
NATIONAL HEADQUARTERS
RICHMOND. VIRQIN'"
SCHEDULE B-SECTION 1
REQUIREMENTS
The following are the requirements to be complied with:
ITEM (al Payment to or for the account of the grantors or mortgagors
of the full consideration for the estate or interest to be insured.
ITEM (bl Proper instrument(s) creating the estate or interest to be
insured must be executed and duly filed for record to-wit:
to
Stevenson BUilding and Design Inc., a Florida
Corporation (executed by the President and with the
Corporate Seal Affixed)
The Harmon Group, Inc., a Delaware Corporation
1. Deed from
2. Release by the Public Trustee of the,
Deed of Trust from: Stevenson Building << Design Inc., a Florida
Corporation
to the Public Trustee of the County of Pitkin
for the use of City Federal Savings and Loan Association
to secure $1,100,000.00
dated November 30, 1984
recorded December 10, 1984 in Book 477 at Page 922
reception No. 264561
3. Termination of Financing Statement from Stevenson Building << Design
Inc., debtor to City Federal Savings and Loan Association, secured
party, filed on December 10,1984 in Book 477 at Page 962 as Filing
No. 08784.
4.' DispositiOn of Lis Pendens,pursuant to COlorado Rule of Civil
Procedure 105(f), by court determination, disclaimer by all parties,
final judgement or certificate of dismissal issued by the Clerk of
the Court, in Civil Action No. , in the District Court, County
of Pitkin, State of Colorado, entitled Midland Landscape
Contractors, Inc., a Colorado Corporation, plaintiff VS Stevenson
Building and Design Inc., City Federal Savings and Loan Association,
and Thomas Oken, as Public Trustee for Pitkin County, Colorado,
Defendants. Notice of Lis Pendens recorded February 18, 1986 in Book
505 at Page 473.
#"""" .
5. Release by the Public Trustee of the,
Deed of Trust from : Stevenson Building and Design, Inc.
to the Public Trustee of the County of Pitkin
for the use of Louis Scholnik
to secure 50,000.00
dated August 6, 1987
recorded August 11, 1987 in Book 543 at Page 596
reception No. : 291861
... ..CONTINUED.....
...I_.II_.~I_..I_..I_..I_..I_..I_..(_..I~.II_..I_..I_.I'_..I_.~I_..I_..'_..II_..I_..I_..I_..I_.~I_..I_..I_..I_..'_..I_..Il:.
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~wyerslltle
Insurance @rporation
NATIONAL HEADOUARTERS
RICHMOND, VIRGINIA
SCHEDULE B-SECTION 1-CONTINUED
6. Release by the Public Trustee of the,
Deed of Trust from : Stevenson Building and Design, Inc.
to the Public Trustee of the County of Pitkin
for the use of James V. Redd
to secure $60,000.00
dated September 24, 1987
recorded October 8, 1987 in Book ~47 at Page 916
reception No. 293709
7. Release by the Public Trustee of the,
Deed of Trust from: Stevenson BUilding & Design, Inc., a Florida
Corporation
to the Public Trustee of the County of Pitkin
'1 for the use of City Federal Savings Bank f/k/a City Federal
Savings and Loan Association
to secure Master Loan Agreement date October 1~, 1987
dated October 1~, 1987
recorded October 1~, 1987 in Book ~48 at Page 321
reception No. 293881
8. Certificate of nonforeign status executed by the transferor.
9. Evidence satisfactory that the Real Estate Transfer Tax as
established by Ordinance No. 20 (series of 1979) has been paid or
exempted.
10. Certificate of Incorporation or Certificate of Good Standing issued
by the Secretary of State or other governing body for Corporations
of the State of Delaware evidencing the existence of The Harmon
Group, Inc., a Delaware Corporation.
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This commitment is invalid unless
the Insuring Provisions and Schedules
A and B are attached.
SChedule B-Section 1 PG.2
Commitment No. PCT-1663
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Form 100 Litho In U.S.A.
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~wyersptle
Insurance @poration
NATIONAL HEADQUARTERS
RICHMOND. VIRGINIA
SCHEDULE B-SECTION 2
EXCEPTIONS
The policy or policies to be issued will contain exceptions to the
following unless the same are disposed of to the satisfaction of the
Company.
1. Rights or claims of parties in possession not shown by the public
records.
2. Easements, or claims of easements, not shown by the public records.
3. Discrepancies, conflicts in boundary lines, shortage in area
encroachments, and any facts which a correct survey and inspection
of the premises would disclose and which are not shown by the public
records.
4. Any lien, or right to a lien, for services, labor or material
heretofore or hereafter furnished, imposed by law and not shown by
the public records.
5. Defects, liens, encumbrances. adverse claims or other matters, if
any, created, first appearing in the public records or attaching
subsequent to the effective date hereof but prior to the date the
proposed insured acquires of record for value the estate or interest
or mortgage thereon covered by this Commitment.
6. Taxes due and payable; and any tax, special assessment, charge or
lien imposed for water or sewer service, or for any other special
taxing district. .
7. Right of the proprietor of a vein or lode to extract and remove his
ore therefrom, should the same be found to penetrate or intersect
the premises hereby granted as reserved in United States Patent
recorded in Book 55 at Page 2.
8. Easements, fences and improvements as shown on Map of Shaw-W.P.W.
Joint Venture Exemption Plat, recorded in Plat Book 5 at Page 91.
9. Terms, conditions, provisions as contained in Easement Agreement
recorded in Book 414 at Page 652.
This commitment is invalid unless
the Insuring provisions and Schedules
A and B are attached.
Schedule B-Section 2 PG.l
Commitment No. PCT-1663
..'I_.II_..I_.'I_.II_."_."_.'I_.'I_.'I~.'I_.'I_.'I_.'I_.'I_.'I_.'I_~'I_.'I_."_.'I_.'I_."_.'I_.'I_.'I_."__"__11_."
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@nyerslltle
Insurance @rporatlon
NATIONAL HEADQUARTERS
RICHMOND. VIRGINIA
SCHEDULE B-SECTION 2
CONTINUED
Exceptions numbered NONE
are hereby omitted.
The Owner's Policy to be issued, if any, shall contain the following
items in addition to the ones set forth above:
(1) The Deed of Trust, if any, required under Schedule B-Section 1,
Item (b).
(2) Unpatented mining claims: reservations or exceptions in patents
or in Acts authorizing issuance thereof: water rights, claims or
title to water.
This commitment is invalid unless
the Insuring Provisions and Schedules
A and B are attached.
Schedule B-Section 2
Commitment NO.PCT-1663
..11..11...'...1...1...1...1.."...1._11...'..".."._1'._11..1'...1._11._.1._11._.1...'._11._1[...'...1...'...1...1.11
Form 100 Litho In U.S.A.
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kwy(. J l1tle Insurance C9rpc ..!ion
National Headquarters
Richmond. Virginia
COMMITMENT FOR TITLE INSURANCE
LAWYERS TITLE INSURANCE CORPORATION, a Virginia corporation, herein called the Company, for valuable
consideration. hereby commits to issue its pOlicy or policies of title insurance. as identified in Schedule A. in favor of the
proposed Insured named in Schedule A. as owner or mortgagee of the estate or interest covered hereby in the land
described or referred to in Schedule A. upon payment of the premiums and charges therefor; all subject to the provisions
of Schedules A and B and to the Conditions and Stipulations hereof.
This Commitment shall be effective only when the identitY of the proposed Insured and the amount of the policy or
pOlicies committed for have been inserted in Schedule A hereof by the Company, either at the time of the issuance of this
Commitment or by subsequent endorsement.
This Commitment is preliminary to the issuance of such policy or policies of title insurance and all liabilitY and
obligations hereunder shall cease and terminate six (6) months after the effective date hereof or when the policy or
policies committed for shall issue. whichever first occurs, provided that the failure to issue such policy or policies is not the
fault of the Company. This Commitment shall not be valid or binding until countersigned by an authorized officer or agent.
IN WITNESS WHEREOF, the Company has caused this Commitment to be signed and sealed. to become valid when
countersigned by an authorized officer or agent of the Company. all in accordance with its By-Laws. This Commitment is
effective as of the date shown in Schedule A as "Effective Date."
CONDITIONS AND STIPULATIONS
";-~'
1. The term "mortgage." when used herein., sha,~include deed of trust. trust deed. or other security instrument.
2. If the proposed Insured has or acquires actual knowledge of any defect. lien. encumbrance. adverse claim or other
matter affecting the estate or interest or mortgage thereon covered by this Commitment other than those shown in
Schedule B hereof, and shall fail to disclose such knowledge to the Company in writing, the Company shall be relieved
from liability for any loss or damage resulting from any act of reliance hereon to the extent the Company is prejudiced
by failure to so disclose such knowledge. If the proposed Insured shall disclose such knowledge to the Company. or if
the Company otherwise acquires actual knowledge of any such defect. lien. encumbrance, adverse claim or other
matter. the Company at its option may amend Schedule B of this Commitment accordingly. but such amendment shall
not relieve the Company from liability previously incurred pursuant to paragraph 3 of these Conditions and
Stipulations.
3. Liability of the Company under this Commitment shall be only to the named proposed Insured and such parties
included under the definition of Insured in the form of policy or policies committed for and only for actual loss
incurred in reliance hereon in undertaking in good faith (a) to comply with the requirements hereof, or(b)toeliminate
exceptions shown in Schedule B. or (c) to acquire or create the estate or interest or mortgage thereon covered by this
Commitment. In no event shall such liability exceed the amount stated in Schedule A for the policy or policies
committed for and such liability is subject to the insuring provisions and the Conditions and Stipulations and the
Exclusions from Coverage of the form of policy or policies committed for in favor of the proposed Insured which are
hereby incorporated by reference and are made a part of this Commitment except as expressly modified herein.
4. Any action or actions or rights of action that the proposed Insured may have or may bring against the Company
arising out of the status of the title to the estate or interest or the status of the mortgage thereon covered by this
Commitment must be based on and are subject to the provisions of this Commitment.
~wyers lltle In8u~ <9rporallon
01 Me. rJ ~6V'-
President
Attest:
~aVC~
Secretary.
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I RI""'-'""'J I COMMISSIO!'; I XI',".SI,'
DATE DESCRIPTION ," ",' " , OTHI,R
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JOB INVOICE :~43937
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STEVENSON BlDG./DSGN
STEVE CHEFAN
1001 NW 62ND STE 401
FT lAUDERDAl Fl 33309
11350227
UNIT 1.1>. NtJMBI<.R
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I I RL'N'TAI COMMISSION I I. XI""NS'"
IlA I"E DESCRflYl ION " .' ,. '; OTlU.R
AMOUN r RATE AMOUN I \~IOUN I
12/31 JOB INVOICE ~43551
12/31 JOB INVOICE ~43578
12/31 DEC SNOW REMOVAL
12/31 TAC-WORKMAN. NOV25-30
12/31 HOUSEKEEPING CHARGE
12/31 MANAGEMENT FEES
12/31 SECURITY SERVICES
12/31 UTILITY SERVICE CHG
12/1~ 13 G El-EITA
12/31 SNOW SHOVELING-NOV.
12/31 SNOW.SHOVEHNG-DEC..
12/31.:1.0% MARKUP...,SNOW REM.
12/31.10% MARKUP-SHOVE~}~.G
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12/31 TRANS. TO AC~688
12/31 RETAINBA.LA
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90.00
300.00
162.35
70.00
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RI'N'I'Al I COMMISSIOl\' I I'XI'I 'Sl I
DATF DI"SCRIPTION '. ,'. ,. , " '.1; ; OI'III"R
. AMOl'N I RATE AMOUi'iT A\101 i'i I
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JOB INVOICE 043204
JOB INVOICE 143270
i"ir.,NM;EMENT FETS
SECURITY SERVICES
CABLE TV 09/30-11/30
FALL LAWN CLEANUP
1987-88 A/R/A DUES
HOUSEKEEPING CHARGE
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f'r i..AUDERDAL. F'l_ 33309
1 13:::.;O:?27
UNIT J.D. NUMBER
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R""'l'AI COMMISSlOi'i I ('XI'('''SI I
DATE m:SCRIPTION C.I'l ,",' '< '.'1' 0 I HI-R
AMOUNl RATE AMOurVI' A\)Ol ~ I
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JOB INVOICE 143051
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(31'-'1-925.1400
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I RFNTAI I COMMISSION I FXI'F~SI' I
DATE IlEScRWl'IOi'i MlilUN-i- RATE AMOUi'iT MIOl'N I O1I1I.R
')8/01 28 G MISCF~ER) WALTE~
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.08/31 JOB INVOICE 142760
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11 ~'~~50;?~.)'7
UNIT I.D. NUMBER
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RENTAL I COMMISSIOl\' Fxr!'NSf I
DATE DESCRIPTION AMOUNT RATE AMOUl\'T ,\MO'Ui'i'r ()TIIH~
(;'/,/01
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WINDO~1 W~,~>HING
JOB INVOICE ~42629
SECURITY SERVICES
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F~T L_AU[tERDAI_ F"L. 333()9
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UNIT I.D. NUMBER
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RENTAL COMMISSION I EXPENSE I '
DATE DI,SCRlPTION AMOUNT RATE AMOUNT AMOUi'iT OTHER
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5 0 STEVENSON BLDG
~OB INVOICE 042435
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DATF I DEScRIPTIOi'i I RENTAL I COMMISSION EXPt.l\'S~;
, AMOUNT RATE AMOUNT AMOUNl
()~:;",-'O:I
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I RE"TAL COMMISSION "XP""S"
DATE DESCRIPTION" r, r,,~. r. OTHER
AMOUJIo'T RATE AMOUNT A~10U:'OT
.:)4/03 ~~ F SCHGLNli\, LOU ('." ..00 ..00
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04/30 ,Jm) INVOICE 0'37416 7B..OO
04/30 .JOB TNl.)OICE ;~:~5?~i<;'4 '7 ~ ~)O
04/30 JOB INVOICE ;~:39b14 ..., -"r.w
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04/30 ,J OJ" INVOICE *3?E09 "~'I::' .. n
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04/30 ,JOB INVOICE ::l::-599::!.O ::'~6.. 25
04/::V) MANAGEr1ENT FEEf.; :10,,00
04/30 CABLE TV 0::V31 '-04(;50. 22.95
04/30 MT BELL 03/13-04/12 :l. 8 ~ f.~6
04/30 SNOWPUJWING 32,,00
04/30 lOr. . t"ARKUP'''SNOWPLQW' 3.20
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DATE I DESCRIPTION I RENTAl. COMMISSIOi'i I EXPhN~E I OTm.R
AMOUNT RATE AMOUl\'T AMOUi'iT
;13/{)1.
!03/0:!.
,; \)-;;/' ,"'
; ..... ',f...)
103/31
~ ():.!.~ / :31-
, 03/3:J
(J~:~~/31
'03/3:1.
:03/:31
,03/3:l.
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03/31
(j.3/31
03/31
03/3:l.
0-;31 :.n.
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14 0 STEVENSON BLOG
10 G BRODSKY. DAN
JOB INVOICE ~37269
JOB INVOICE ~37361
JOB INVOICE #37467
JOB INVOIC:E ~:37482
JOB INVOICE #35498
HDUSU,EEFING CHMWE
CABLE TV 02/28-04/30
Sf'i-':'l REPA I r;:s
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JOB INVOICE ':';5~'i45::;
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10% MARI(UF'-SPA REPAI
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j.O% MARKl,Ji:~-.:;;t~Ow REM(J
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(.'()~) 91S-14110
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STEVE CHEFAN
6830 NM f~EDERAL. ~I~:Y.
BOCA RATON FL 33431
03/01/B7 39:'
113~;.;O:~2"/
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Please conUlc( us immediately if you have <Iny questions regarding this s(atement .
DATE DESCRIPTION RENTAL I COMMISSION I EXPlcNSE I OTHER
AMOUl\'T RATE AMOUNT AMOUi'iT .
, ()2/0.4
. 02/:l.~.;
'0::,::/28
. G;.~/2B
.0::2/28
02/2B
()2/28
02/28
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02/28
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14 0 STEVENSON BLDG
JOB INVOICE 036896
JOB INVOICE ~36937
JOB INVOICE t37027
JOB INVOICE ~37080
JOB INVOICE ~37089
REPAIR HEADBOARDS
SNOW REMOVAL
MANAGEMENT FEES
SNOW' f(EMO\if,L
10% M,o,RKUP-I"IEAtlBOARD
10Y. MARKUP--SNO~I RMVL
10% MARKUP-SNOW RMVL
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113~::;/)~~;?'7
UNIT I.D. NU\IJlER
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01/23
,01/3:!.
O:L/~31
01/31
OJ/31
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9 G HERNANDE::Z, A
q 0 STEVEN!30N BLDG
2 0 STEVENSON BLDG
JOB INVOICE #36453
JOB INVOICE:: 136632
JOB INVOICE ~36654
JOB INVO,ICE ~36795
JOB INVOICE ~36954
JOB rNVOICE 137061
HOUSE~EEPING CHARGE
WASH ,.)INDO!,I::;
JANUARY SNOW REi"iOUAL
J1i,NAGHIENT FE;ES
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720 EllSI Hyman Sln't'! . ;\~IX'Il. ('<)Itlrmlu Nlll!1
(311.') "'l~.I..lH(j
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6(330 N" FFnr:F'td. Hi..JY..
BOCA RATON FL 33431
1 :l 3~;)O:~~27
I
UNIT I.D. NUMBER
Please conlact us jl1llllcdi~tdy if YOLl have any questions regarding this statement
DATE I l>EScRIPTION RENTAL COMMISSION I EXPEl\'SE I OTHER
AMOUNT RATE AMOUi'iT AMOUNT
12/01
1.2/20
.J2/~31
U/31
12/31
:1.2/31
LU31
.1~2/31.
12/31
LU31
12/31
121:H
2/31
12/31
1~;'/31
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BAUiNCE FOFWAI:W
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INV. REPLACEMENT
CABLE TV 12/31-01/31
DECEMBER SNOWPLOWING
DECEMBER SNOW REMOVA
FURNACE SFfIVICE:
MANAGEMENT FEES
JOB INVOICE '36198 .
JOB INVOICE ~28789
JOB INVOICE 136391
HOUSEKEEP ING CH,"~GE
UTILITY SEFMCE Gfm.
10% MARKUP-SNOWP(OW
10% MARKUP--SNOW F?FMO
lOX MARKUP-FURNACE
87~8 C~iECK ]'SSl.JE
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DATh I DESCRIPTION RENTAl. COMMISSION EXI'Ei'iSE I '
AMOUNT RATE AMOUNT AMOUNT OTlIf~R
, J:l./O:i.
t1./07
11/14
11/30
: 11/30
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'11 3 ~;.:.; 0 ::.~.?;'
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DATE DESCRIPTION RENTAL COMMISSION EXPE!':SE ,
AMOUNT RATE AMOUl\'T AMOU!':T OTHER
0/01
(1/'1.:'
../ .1. /
k.i('l!j:,NCE FCmW"lI'W
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UNIT I.D. NUMBER
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J:0/01 BAl.ANCE FORWARD
10/1.7 4 F WANICK; WAL.TER
10/31 MANAGEMENT FEES
10/31 CABLE TV 11/01'.'12/31
10/31 CABLE~ "TV 11/01'.-].2/31
OTHER
I
';)',7 u"::':'(::
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41" '1'0
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(.\11,\'91,.1"'"'
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UNIT I.D. NUMBER
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I RL'Nl'AI I COMMISSION EXPENSI"
DATE DESCRIPTION " . . , . OTHER
AMOUNT RATE AMOUNT AMOUNT
~)9/01 3 0 Sl~EVE~NSON BLDG
09/25 3 F' RE:DDJ JAMES Vu
09/30 JOB INVOICE ~30160
09/30 MANAGEMENT FEES
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2/,,90
"70,,00
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09/01./F<':'i
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UNIT J.D. NUMBER
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(},,- f? q
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DESCRIPTION " :, "'" . OTHER
AMOUNI RATE AMOUNT AMOUi'iT
\) ::;/<>1. :Ht'lJ...{:INCE F'CJRlAJ{~iF~D
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08/3J. C;ABl.,[ TV ()8/31-.-j.O/31
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Ol3/31 MANAGEMEN"r FEES
08/31 J~OI.JSEKEEPINGCI~ARGE
09/01 1.1002 CHECK ISSUE
08/31 11002 CHECK ISSUE
OC/31. i:~El)El.!U[ TF;:{.iN.~:;FEF~/394
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Property Manallemenllnc.
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UNIT I.D. NUMBER
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. .
J::\{;,L.{INCF r:'Df<WI;-:)F~D
14 G MISCHER, WALTE
2 G DONOVAN, GEORG
14 0 STEVENSON BLDG
CABL_l:: TV 08/3j.--'10/31
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HOUSEKEEPING CHARGE
11002 CHECK ISSUE
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640..00
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RATE AMOUNT AMOUNT
1~;" ()()
630..00
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" (1(>
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367(),,45 ENCLOSED
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Property Manatlement Inc.
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BOCA RA"rON FL. 3343],
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DATE DESCRIPTION RENTAL I COMMISSION EXPENSE I OTHER
AMOUNT RATE AMOUNT AMOUNT
0~'/Ol 30 0 STEVENSON BL.DG
07/31 MANAGEMENT FEES.
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Property ManallemenIInc.
l06H2.00
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BOCA RA'rON FL 33431
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DESCRIPTION
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Property ManalIemenIInc.
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6830 N. FEDERAL HWY"
BOCA RATON FL 33431
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UNIT I.D. NUMBER
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DATE I DESCRIPTION I RENTA~ COMMISSION EXPENSE I OTHER
AMOUNT RATE AMOUNT AMOUNT
05/01 BAL.ANCE FOF~WARD
:05/3], CABLE TV 06/01-06/30
05/31 MANAGEMENT FEES
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6830 N" FEDERAL HWY.
.BOet! F~(; TON FL :3:34:3 i
J.13~.:";()>:2?
UNIT I.D. NUMBER
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RFNTAL COMMISSION
DESCRIP110N AMOUNT RATE AMOUNT
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PAST DUE CABLE TV
CABLE TV 05/01-06/30
~iANAGEtiENT FEES
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P.~.I. ManalIement Inc.
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710U5t Hym~ri Stt'ftt .. Aspen. Color., 81611
(303) 925.1400
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DATE
STEVENSON BLDG,,/DSGN
STEVE CHfTf.1N
6830 N. FEDERAL HWY"
BOCA RATON FL 33431
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ACCOUNT
NUMBER
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04/01./8 ~W2
j,1350227
UNIT I.D. NUMBER
DATE
DESCRIPTION
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OTHER
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.')3/31
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03/3i
03/31
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Pkoperty llb~nent Inc.
720 East Hyman Stl'ftt .. Aspen, Color.ado 8161]
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BOCA RATON FL 33431
DATE ACCOUNT
NUMBER
03/01/86 392
.~"!'i350227
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EXPENSE
AMOUNT
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02/28
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Propen,~~Inc.
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DATE
01/0:/86
lLl50n7
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