HomeMy WebLinkAboutcoa.lu.ex.617 Main St.Professional Building
. ...
,
"".
Recorded at 11
\AM March 10, 1981
Loretta Banr Recorder
RecePtio~NO 231403.
,-
{j/ ---j
ex
AGREEMENT
_405 =445
THIS AGREEMENT entered into by and between the City of
Aspen whose address is 130 South Galena, Aspen, Colorado, 81611,
(hereinafter referred to as "City of "Aspen") and 617 Main
Street Professional Buildings Associates, whose address is 617
West Main Street, Aspen, Colorado, 81611 (hereinafter referred
to as "617 Main").
WIT N E SSE T H
WHEREAS 617 Main is the owner of certain real property
situated in the City of Aspen, County of pitkin, State of
Colorado, described as Lots C and D, Block 25, City and Townsite
of Aspen; and
WHEREAS 617 Main has existing improvements on said pro-
perty; and
WHEREAS 617 Main has requested an exemption from the de-
finition of subdivision for the purpose of subdividing the
existing improvements through condominiumization; and
WHEREAS the City of Aspen has imposed as a condition of
approval of the exemption from the definition of subdivision
that 617 Main agree to join in any improvement district formed
for the construction of sidewalk improvements;
NOW THEREFORE, in consideration of the mutual covenants
contained herein and other good and valuable consideration, the
parties agree as follows:
1. Agreement to Join Improvement District: 617 Main
agrees to join in any improvement district for the construction
of any sidewalks on Main Street or to reimburse the City of
Aspen directly if it should choose to construct these improve-
ments on !1ain Street without formation of such a district and
617 Main hereby waives any objections or protests that it might
otherwise have to the formation of such an improvement district
or to the City of Aspen constructing the improvements without
the formation of such a district.
\
\ .....,
.
,,,
.-
.405 ~~446
without the formation of such a district.
2. Binding Effect: This Agreement shall be binding on the
parties hereto, their heirs, successors and assigns.
CITY OF ASPEN
By:
~~~
!layor
617 MAIN STREET PROFESSIONAL
BUILDING ASSOCIATES,
~ COIo'ad~~a~a~
eneral Partner
-2-