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HomeMy WebLinkAboutcoa.lu.ec.1020 E Hyman Ave.MolnySubd.1979 -, '-" ,..,.... - MEMORANDUM FROM: Daniel A. McArthur, City Office ~ EngineerQ TO: :Richard Grice, Planning DATE: November 28, 1979 RE: Molny Subdivision Exemption, south half of lots R & S, Block 37, East Aspen Addition, and sough half of lots 6 & 7, Riverside Addition After having reviewed the survey map for the above subdivision exemption and having made a site inspection, the Engineering De- partment recommends the following: 1) We recommend a denial of the Molny Subdivision Exemption and recommend Mr. Molny be granted an exception from the full sub- division compliance. Mr. Molny' s exception would require concep" tual approval from Planning and Zoning and final approval from City Council for the final plat. ' 2) We recommend the improvement survey as submitted by the owner/applicant be accepted as a conceptual plat. 3) We recommend that the owner/applicant follows section 20- 14 on the final plat procedures, and sumnit a final plat for re- view by the Engineering Department as per section 20-15 prior to being placed on the City Council agenda. The Engineering Department has no objections if the owner/applicant submits a condo~inium map instead of a final plat subject to the condominium map complying with section 20-15 of the municipal code of the City of Aspen, Colorado. GARFIELD & HEOHT J ~. 'J''''..c-'.'\...J.2 ATTORNEYS AT LAW ~~w~~!~ SEP 101979 !iu " ASPEN / PITKIN CO. PLANNING OFFICE ~ ..../ VIOTORIAN S9UABB BUILDING 601 EAST HYMAN AVENUE ASPEN, OOLORADO 81611 RONALD OARPIBLD ANDREW V. HEOHT ASHLEY ANDERSON OHRISTOPHER N. SOMMER CRAIG N. BLOCJXWIOK LYNN O. ALBON Tm.EPHO~ (000) 92~~J986 August 27, 1979 Planning and Zoning Commission Aspen City Hall 130 S. Galena Street Aspen, Colorado 81611 Dear Members: This is an application by Robin Molny pursuant to Section / 20-19 of the Aspen City Code as amended, for an exemption from the definition of the term subdivision for the condominiumization of his duplex located at 1020 E. Hyman Avenue. The applicant submits that since this is merely a sub- division of an existing duplex, to require that the applicant proceed through the entire subdivision procedure would deprive the applicant of the reasonable use of his land. Furthermore, the applicant submits that exemption is necessary for the preservation and enjoyment of his substantial property right. Finally, the applicant submits since, as stated above, this is merely a subdividing of an existing structure, there will be absolutely no increase in density as a result of the granting of this exemption and therefore the granting of the exemption will not be detrimental to the public welfare or injurious to other property in the area. The duplex contains a total of approximately 2783 square feet. The applicant presently resides in one half of the duplex and has done so for the past five years, that half contains approximately 1861 square feet. It is his present intention to continue residing there. In addition to his residence the applicant also has his office within that 1861 square feet. The other half, containing approximately 922 square feet is presently being rented for $550.00 plus utilities or .60 cents per square foot. Since October 1, 1978, the unit has been rented to Jennifer Huber who lives in Santa Fe, New Mexico. She rents the unit merely to assure that she will have accomo- dations when she vacations in Aspen. She spends less than one month annually in the unit. The applicant anticipates that Au~ust 27, 1979 Page Two Ms. Huber will renew her lease for at least an additional one year. The rent during the next year will be approximately $625.00 or .68 cents per square foot. The applicant anticipates being in a position to present evidence of that renewal at the hearing beforeP&Z. Prior to October 1978 the unit was rented for 16 months to Jay Lussan, president of company 3. The rent during that time period was also $550.00 or .60 cents per square foot. Prior to Lussan, Jean Ingham of Ingham, Dickerson, Weaver rented the unit for six months at $600.00 or .65cents per square foot. And finally prior to Ingham, Steve Martin, the comedian. rented the unit for 18 months at $450.00 or.49 cents per square foot. The applicant submits that the granting of this application will in no way reduce the supply of low and moderate income housing. In response to the criteria set forth in Section 20-22(c) 1 through 6 the applicant states as follows: 1. As stated above, it is anticipated that the present tenant will renew her lease for at least an additional one year. Additionally, this tenant can in no way be considered an employee but rather is a tourist from Santa Fe, New Mexico. 2. The applicant hereby states and will again reiterate at the hearing before P&Z that no tenants have been required to move involuntarily within the past 18 months. 3. The applicant has no present intention whatsoever to sell his unit. Therefore, he has not had the unit appraised in order to establish his sale price and, in fact, is not in a position to even approximate such price. 4. As stated above, the renewed lease with Jennifer Huber will be at $625.00 per month. The applicant has no objection to this approval being conditioned on any subsequent increases in rent being regulated by the percentage increase now allowed under the current guidelines for low, moderate and middle income housing. 5. The applicant is also willing to condition this approval on giving tenants who do not exercise their right of first refusal at least 180 days to relocate. 6. Again the applicant has no intention to sell his unit and there is no prospective purchaser at this time. fiUYUst 27, 1979 Page Three As is detailed above, the rental unit has been consistently rented for prices in excess of the current guidelines for low, moderate and middle income housing as determined by the council for additional points within the terms of the Growth Management Plan. Furthermore, it has never been rented to what is tradi- tionally considered employees. Jean Ingham and Jay Lussan were when they rented the unit and are presently successful professionals and Steve Martin, of course, is an eminently successful comedian. Perhaps the most persuasive demonstration of the fact that the supply of employee housing will not be reduced is the simple fact that for the past year the unit has been, and in all likelihood for at least the next year will be rented to a tourist from Santa Fe, New Mexico. The applicant submits that all requirements have been met by this application and respectfully requests your approval. Sincerely, GARFIELD & HECHT H~~ Ashley Anderson AA:d Encl. Improvement Survey (four copies) Title Policy Check for $20.00 130 s MEMORANDUM DATE: November 21, 1979 TO: Richard Grice FROM: Ron , Stock ..;s' Subdivision Exemption RE: Molny If the above entitled subdivision exemption is granted, the approval should be conditioned upon the applicant meeting the following requirements of Section 20-22 of the Municipal Code of the City of Aspen: [ ] Notice and option provisions to current tenants [x] Each unit restricted to six-month minimum leases with no more than two shorter tenan- cies in a calendar year. Considering the rental history of the property, it is possible that the Planning & zoning Commission and City Council may deter- mine that the property, or a portion thereof, is within the low and moderate housing pool. The rental history of the property should be presented to them for their consideration. Because of [ ] the proposed division of the property [xl the current lack of a plat for the property, it is my recommendation that the applicant be required to obtain full subdivision or subdivision exception review rather than exemption. The purpose of this requirment would be to obtain a final plat. RWS:mc TO: Aspen Aspen Sunny FROM: RE: c "'"' '-0' MEMORANOU~1 Planning and Zoning Commission City Council Vann, Planning OfficeJ?J Molny Subdivision Exemption OATE: November 29, 1979 Zoning: Location: Lot Size: Rental History: Engineering Comments: Attorney's Comments: Housing Director's Comments: Planning Office Recommendation: P & Z Recommendation: R/MF 1020 East Hyman Avenue (Lots Rand S, Block 33, East Aspen Addition and Lots 6 and 7, Block 5, Riverside Addition) 6,267 square feet The applicant/owner has resided in one half of the duplex for the last five years. The otherhalf has been rented at $.60 per square foot since October 1, 1978, to a Jennifer Hubbner who lives in Santa Fe, New Mexico. This property was the subject of a previous subdivision exemption and therefore the Engineering Department feels that they have need of a final plat. For this reason they have recommended denial of the Molny Subdivision Exemption but did recommend approval of an exception from full subdivision review. Their recommendation is that you grant an exception from conceptual review before City Council and preliminary plat before the Planning and Zoning Commission. The Engineering Department's complete comments are attached in their entirety and found in a memorandum dated November 28, 1979. Ron Stock has recommended that if the Molny subdivision is granted, each unit be restricted to the six month minimum lease restriction with no more than two shorter tenancies in any calendar year. Because of the lack of a plat for the property, Ron's recommendation is that the applicant be required to obtain full subdivision or subdivision exception review rather than exemption. The purpose of this requirement would be to obtain a final plat. See Housing Director's memorandum dated November 29, 1979 at the beginning of the subdivision exemption section of thi s packet. Based on the rental history, we do not feel this unit is part of the low, moderate or middle income housing pool. We recommend that you deny the subdivision exemption and approve the exception from conceptual and preliminary plat, subject to the submission of a final plat as per Section 20-15 prior to being placed on the City Council agenda and subject to each unit being restricted to the six month minimum lease provisions of Section 20-22 of the Municipal Code of the City of Aspen. Denial of request for subdivision exemption and approval of exception from conceptual and preliminary plat as per Section 20-15 of the Municipal Code. Approval is to be further condi- tioned upon the owner/applicant complying with the notice and option provision and six month minimum lease restriction of Section 20-22. - '- r'"', MEMORANDUM , TO: Richard Grice, Planning Office FROM: Louis Buettner, Engineering Department DATE: November 13, 1979 RE: Molny Subdivision Exemption South ~ lots R & S, Block 33, East Aspen Addition, and South ~ lots 6 & 7, Riverside Addition After having reviewed the survey map for the above subdivision exemption and having made a site inspection: The Engineering Department recommends that this exemption from subdivision be rejected. As per the City Attorney, Ron Stock's opinion, no property may be granted two exemptions from subdivi- sion. This property was half of a grant of exemption from sub- division granted by City Council in March, 1979. The grant of subdivision exemption is recorded in book 285 at page 822. The Engineering Department also recommends that this property be granted an exception from the full subdivision compliance. In the event of subdivision or subdivision exemption the Engi- neering Department will recommend the following: 1. Show trail easement as recorded in book 286 at page 304. 2. The title il1fiurance policy gress and egl'ess easement. ment. Some explanation to makes reference to a 14 foot in- The map shows only a 7 foot ease- clear this discrepancy is required. 3. Show street improvements and street width with center line. 4. Show off-street parking as required in section 24-4.5 of the Aspen municipal code. 5. Show existing boardwalk from the house to and along' the curb. 6. The above boardwalk is to be replaced with standard sidewalk with driveway as required in right-of-~ay along the curb. The new sidewalk will be constructed s6 as to join the exist- ing sidewalk to the west. . If an exemption is granted per this application, the Engineering Department would ~ake its approval subject to the owner/applicant correcting the above conditions prior to being placed on the City Council agenda. I wish to point out that the other half of the original exemption has also applied for subdivision exemption. This exemption request is titled Eubank Subdivision Exemption. ,-...... " ",- MEMORANDUM FROM: RE: DATE: Ron Stock, City Attorney . ~ Reents, City Housing Director City Engineering Richard Grice, Planning Office Molny Subdivision Exemption TO: September 10, 1979 Attached please find application for subdivision exemption for a duplex located at 1020 East Hyman. This item is scheduled to come before the Aspen Planning and Zoning Commission on Tuesday, November 20, 1979. Therefore, may I please have your written comments concerning this application no later than Monday, November 12, 1979. Thank you. Y\ \.,. , { '.y\,{;' , , I "1,,.,t,' 'I.'.' ./, , \ v ..-. /"", , .. -- GARFIELD & HEOHT ATTORNBYS AT LAW VIOTORL\N S9UARB BUTIJ)INO 601 EAST HYMAN AVENUE ASPEN, OOLORADO 61611 RONALD GARFIELD ANDREW V. HEOHT ASHLEY ANDERSON OHRISTOPHER N. SOMMER GRAIG N. BLOOXWIOK LYNN O. ALBON T:ex.r:Pl.IOKB (303) 9.2~~19ae August 27, 1979 Planning and Zoning Commission Aspen City Hall 130 S. Galena Street Aspen, Colorado 81611 Dear Members: This is an application by Robin Molny pursuant to Section 20-19 of the Aspen City Code as amended, for an exemption from the definition of the ,term subdivision for the condominiumization of his duplex located at 1020 E. Hyman Avenue. The applicant submits that since this is merely a sub- division of an existing duplex, to require that the applicant proceed through the entire subdivision procedure would deprive the applicant of the reasonable use of his land. Furthermore, the applicant submits that exemption is necessary for the preservation and enjoyment of his substantial property right. Finally, the applicant submits since, as stated above, this is merely a subdividing of an existing structure, there will be absolutely no increase in density as a result of the granting of this exemption and therefore the granting of the exemption will not be detrimental to the public welfare or injurious to other property in the area. The duplex contains a total of approximately 2783 square feet. The applicant presently resides in one half of the duplex and has done so for the past five years, that half contains approximately 1861 square feet. It is his present intention to continue residing there. In addition to his residence the applicant also has his office within that 1861 square feet. The other half, containing approximately 922 square feet is presently being rented for $550.00 plus utilities or .60 cents per square foot. Since October 1, 1978, the unit has been rented to Jennifer Huber who lives in Santa Fe, New Mexico. She rents the unit merely to assure that she will have accomo- dations when she vacations in Aspen. She spends less than one month annually in the unit. The applicant anticipates that August 27, 1979 Page TwO Ms. Huber will renew her lease for at least an additional one year. The rent during the next year will be approximately $625.00 or .68 cents per square foot. The applicant anticipates being in a position to present evidence of that renewal at the hearing before:P&Z. Prior to October 1978 the unit was rented for 16 months to Jay Lussan, president of Company 3. The rent during that time period was also $550.00 or .60 cents per square foot. Prior to Lussan, Jean Ingham of Ingham, Dickerson, Weaver rented the unit for six months at $600.00 or .65cents per square foot. And finally prior to Ingham, Steve Martin, the comedian, rented the unit for 18 months at $450.00 or.49 cents per square foot. The applicant submits that the granting of this application will in no way reduce the supply of low and moderate income housing. In response to the criteria set forth in Section 20-22(c) 1 through 6 the applicant states as follows: 1. As stated above, it is anticipated that the present tenant will renew her lease for at least an additional one year. Additionally, this tenant can in no way be considered an employee but rather is a tourist from Santa Fe, New Mexico. 2. The applicant hereby states and will again reiterate at the hearing before P&Z that no tenants have been required to move involuntarily within the past 18 months. 3. The applicant has no present intention whatsoever to sell his unit. Therefore, he has not had the unit appraised in order to establish his sale price and, in fact, is not in a position to even approximate such price. 4. As stated above, the renewed lease with Jennifer Huber will be at $625.00 per month. The applicant has no objection to this approval being conditioned on any subsequent increases in rent being regulated by the percentage increase now allowed under the current guidelines for low, moderate and middle income housing. 5. The applicant is also willing to condition this approval on giving tenants who do not exercise their right of first refusal at least 180 days to relocate. 6. Again the applicant has no intention to sell his unit and there is no prospective purchaser at this time. August 27, 1979 Page Three <1""'"," .....,.1 As is detailed above, the rental unit has been consistently rented for prices in excess of the current guidelines for low, moderate and middle income housing as determined by the council for additional points within the terms of the Growth Management Plan. Furthermore, it has never been rented to what is tradi- tionally considered employees. Jean Ingham and Jay Lussan were when they rented the unit and are presently successful professionals and Steve Martin, of course, is an eminently successful comedian. Perhaps the most persuasive demonstration of the fact that the supply of employee housing will not be reduced is the simple fact that for the past year the unit has been, and in all likelihood for at least the next year will be rented to a tourist from Santa Fe, New Mexico. The applicant submits that all requirements have been met by this application and respectfully requests your approval. Sincerely, GARFIELD & HECHT H~ Ashley Anderson AA:d Encl. Improvement Survey (four copies) Title Policy Check for $20.00 r--rr- -.~.,;. ........-.;;.',..o...l'.~' "'-"t-.~q...~~....:>+,:",-~,."'-""-P,. ~_.l..:>-t' '--"':;~1"'-' ,~....:;.,.~........P,."~ ".".-o--q+ ~-~,,."-"'-.~. ~--~,. ~-A.. ~.. ~_... -~,..~~! ;::::;"t:::::l'" .. ,,~........ -<'..,. ....._~'... '. -.-"_} ._,,-,,~ >. ..-.... -:..a...~.. ~.......:-..,. ~--....:.> ":~.......c""">'. . ':f'1"~~~~~ ~~~~~ j>~,,=~~~":<-..:>'" ,')'.;,< t:~~f'?~~-; ; .~ '5~~ '- ~ < ;~~-; ..,~;,--~ ; ~~-~~~"-~~~"f:'-~~-2,~ :'~-<J~ - POLICY OF TITLE INSURANCE ISSUED BY ;'::-2 ~ ;\tn . ~~ . ~ ~ .(. '1 ' .". b~ji s ~]r E VV A R '-1'1 T I "l'1 L JE l'8~ ~:,.~ fJ'_~ r~~ G U A RAN T Y CO 1\1 PAN Y ~.~~ ~ ~ . V;;" ,..J. (.. ~~->4;~ .,j.~'; < . ,.._~ .1 ~'. "~\';P ".;y' ~'7~ ~; ~ <,'-\t!' '7,' :.7.\;\ SUBJECT TO THE EXCLUSIONS FROM COVERAGE. THE EXCEPT\ONS CONTAINED IN SCHEDULE B AND it.; ~/i:\0 THE PROVISIONS OF THE CONDITIONS AND STIPULATION8't:!E-I;lEOF STEWART TITLE GUARANTY tt'i 1_~""~) COMPANY. a Texas corporation, herein called the Company. insures, as ofba~ of 'PoliCYShow~ in ScheduleA. against .~ ~ ::';ll~ loss or damag.. not exceeding the amount of insurance stated in Schedule A,'i>>,p costs. attorneys' fees and expenses r\'_~ ~;~ which the Company may become obligated to pay hereunder. sustained or incurred),v the insur.d by r.ason of: \':P~ ~~'::~11-'i,f:~ 2" TAitledtofth.t estate I or interest d:scribed in SChh~~lle~A being vested otherwise than as stated therein; :_~~ . ~ . ny., e eo in or i.n or encum ran~eon'suc. i,..... .:.' . ":\, 1'-- ~'.l~> 3. Lackof a right of acc.ss to and from1h.land; ;.:' ". ,- ~ b.('.-~J ~I,~' , k,":" J:. ,~ 4. Unmarketability of such title;. ..., ,'. -.) .~, . . " -- t:':7'7f'. ~ .. ~ ~ ~j~~ 5. The invalidity or unenforceability o~ the lien ~f the insured ortgage upon said estate or interest except to the :,'~t_;E f1B1. extent that such invalidity or unenforceability, or claim thereof, arises out of the transaction evidenced by the r--'H~ ~~ ~'l'_~ insuredMortgageandiSbasedupon~"""" . '-' :-;:~.c~ ;~ .. !AA~ ~l>: e,"'1) a: usury, or' . -.' . f-C;'" ~,;1 b, anv consum.r credit prot.ction or trut in, ding law; . , Fr.; i::(.f.~ 6_ The priority of anv lien or encumbrance over l>J lien of the insured mortgage; ;;r:.~ i"~J 7. Any statutory lien for labor or material which nOw has gained or hereafter may gain priority over the lien of the, ',-;0')1 ~ ~-S~1 insured mortgage, exf~any suchf~ien ardiSi~9 frhoml an i~pr~vembent on thde lanfdhco~tdracteddfor and comdmbenCedh (H? "'~\'.:J.I subsequent to Date ~f r~icy not In~nce I~ woe or 10 p.lrt y pr.ocee . sot e In ebte ness secure y t e t,-.o:' '~7~ ~z:r~ insured mortgage whIch at ~ Polrcy the Insured has advanced or IS oblrgat.d to advance; or ~I~s *'.'.~0'.(!Y..,.'.. 8. The invalidity or unenforceab.:t of any assignment, shown in Schedule A. of the insured mortgage or the failure ~!'::.-~~,_7.i '\ . '" of said assignment to vest title to the insured mortgage in the named insured assignee free and clear of all liens. .'-~ ... ~t.~~ rf.'p ?,\.~J In witness whereof, Stewart Title Guaranty Company has caused this policy to be signed and sealed by its duly t';~~~ 5\~ authorized officelS as of Date of Policy shown in Schedule A, rXJ~ t~~ r~~ ~I ~ :;'~{\l', \'~ "",,- ~>\'+'f! (-::\'--,;~ :. ~t,~ i ~. ;~~~ ":"",,,_~ L.!.,-~. , ,.,,5 ,~;..F :~,~,Yt .";,1': ;i' ,,' C,';,'!~: ~~-;:}: <I'-'~.~'\ '''~)O H;~. 8'1'1<;'\\.,\.1-....'1'. 'l'I""LE ,t~~ :.,~~,} _ .II. -'" t>~.~ ,:_:'~':~ Irl",/lIIIII;"'"...,_~ GUAR.\XTY COMPA~Y (1'~.,7~ ",~'}."'.' \111"\"i\.EGU~ (~j'" >A'}~.i Countersigned: ~it;..;"o,.:",::o"~~0' ~ ,,;>.:.~; ;' .;:;i ,'<: <-0"0'4 '.en ~ J7 ~~. .-1;i' \~':.i.111 .~~:~ -*-~;-<~, ~ i~"-~': <i,.,)\;.\ ~l-~ 1908 :n~ ,:..---.~." \J';\: 't""o.. ....C:>!' Chairman of the Board n ;,): r:-~+~,; ~~~:~!i'~'~S~~:ll\~ 0tU ;1_ h4 :~,;;:~ -;ii\l ,..,,,,,,,,, . a;-1 /.I/~ '~J~ ~~I ;~)~ ~ ~~ ~ ,"}:.".;I,;,;l.-...- . .,__ ~-'7-'" .~ ~ ~-.- -~~'.'''''''r:::~ ~:,::?\r,?-2~~~,;>04.~ .- .,'. Pd.olol 497117?s:~t:.:~"",~~~, :r'{"'1' _...._........~ .'or: ~....~~>....-..<lo<o-...~~::.~......".;"-.r.,~.-....--:,... Policy Seri31 No. M f.-...'4_........;-.,....'"_.."J,..~.....+.:-...--......._..--::,')-::.~.~-...-~,..-~"'>'.."1..s.t'~. 002 .......,...._. ..._._. _ __....___.___"T~_. -_.-.--,.~..--.._--_.."-''''''''-''''' .-.~----,_._.._---,._. .-..----..' I\LTALOAN f->UL1LY - ......m~n(l"U .LV/III'V It;.'.'" ,--, ,"" /' SCHEDULE A Order No,: 7782, Date of Policy: loUirch 16. 1978 at 8,00 11..11. Amount of Insurance: $ 25.000.00 Policy No,: 1-1 497117 Loan No.: 1. Name of Insured FIRST NATIONAL BANK m ASPEN A'hJ>/OR ASSIGNS 2, The estate or interest .in the land described In this Schedule and which is encumbered by the insured mortgage is: In fee simpite 3. The estate or interest referred to herein is at Date of Policy vested in: ROBUI HOL'l'Y 4. The mortgage, herein referred to as the insured mortgage, and the assignments thereof, if any, are described as follows: \ . Deed of Trust: frOllt Robin Ho1ny to the Public Trnst~~f Pitkin County for the use of First National Bank in Aspen to gecttte $25;Q(.lO.OO dated February 21. 1973. recOrded Febrnary 28. 1978 in 1Joo1< 344 at page 32~\ \) '\ 5. The land referred to in this policy is in the State of Colorado County of pitkin , and is described as follows: . \: " (see page 2-A) Pogo 2 STE'\VART TITLE GUAHA!'i'TY CO)fl~'\Sl." 0022 CO?Y fOJ l55U;;"lG O;::;:iCE . _ _~ _.._,,_---...~......_,...,.,.....,.._,.~A~'":"'...~~.~,.,.~'"..,.~,.."(~,.t"':'). ~,...,...-:...~. -,-":"; .C"'"-" ( , ~. ;,..--.. "'" 06 '_'__~"~__'_~'_._""::_"~,-:-:_=--.""""""'~..._.""'_-"_ ~.......,.-_.....-- ...,._---.._~"",._:..<......._.,.._,,<;~.I;'I.~-~,._...<_:__.-;'_--..,.....'.'".O<-.,.~"":"'..~::'"'~..."';.,~--:.r....-HV>-.............'"-.~---::.~~.-..~. ,\UK......__f !t') ;:and :T~.~.:J !~f of :;1~""1" 'r'iH., c-,.uoot'~Y CL~ ....~io(~t .H_'- ~ """"17 CUl1llntMtlon of Sct~l.-"'(h:l~.:l 11. ~ oL l..-d Non.s l'~ ot Lot:. 1t .....d S, 310<::': JJ. ;co.t: llspom A..dd1t1"", ,....A part: of ~ 6 and 7, lUoclc '). R1~de Add 1 t:l.on. said p..reeJ. :La """ra f>tl.l,. descrlbed a. foU-..: l>e&inni'ns aJ: a point: (being the Southwest corner of said Lot it); thenee Herth 14"50'49" Za91: 49.50 f_t along t:he V_terly line of aa:LI Lot: it; thenee Soutb 75.09'11" -east 60.00 feet; tben~.. Scoth 63"49'08" Ea1J1: 71.11 feet to the centeX' line of the R08r:1.ng Forx R:ber; ~h~nce South 8"15'5]" Ealrt 38.20 f....t: along I:he eent..r line of the Roa:r:tn!: For~ River; the1'lC::lt Nortb 75"'09'11- West 146.63 ieet alOl'tg the Southerly llmf of said :Lob 7, 6, S aM k to tM' p<<l:nt: of ~:!.11!'J' 'l"ogal:he:r with nOft 0<<:.1_1__ ""'...........t fm!"lngresllt and esX",S8 0VB'r and aeroS9 the' ~ly 14 feet: of Lot! Q.. 1\1~", .33. East: Aspel). AdMtion. C1t7 of A8?"ft. Couftty' ~f! l':ttk:l.D. State of ("..I)l~.' ','.' '\. "',,\ ~ .\ \ \\..... \;\ \.J \). ~\ I. t ",.1." ,J" Page 2-/\ ~r" J.~"\\." '\ 1~"~" ''I''T'P:r .l..... :iCHeOtJL~ ~ rhJtt f . n."( . '._.'._-'--~~----+"--_._-- ..--.--... ~~-~-"'--~ .~~i," '\>i ,~~: :~. rfi .-.--( ..........~---,_...-_- --......-..----. i~(" ..-:y ".u. ~ 4?7ll7 r . j, - ".., in~uru ")'(,.)IO.,:t lo~so'r dJnl.j(J~ by re.tson of tho:!- follo....llng; r",", pu'''';:Y ~ ).... ...... , t. RightS or claims of parties in possession not shown by the pUblic records. 2. Easements, or claims or easements. not shown by the public records. 3. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, and anv 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 theretofore or hereafter furnished, imposed by law and not shown by the public records. 5.Ta.,<e" for the year 1977 and thereafter, and any special assessment or char;:es not yet certified to the offJee of the Com,ty Treasurer. 6.The right: of the proprletor of a v..in or lod.. to extraet and re!\lOve h19 ore therefr01ll, shonld the SBMe be found to penetrate or inter"eet the predses and risht of '>1!Jy for dit<:hes or canals constructed by the authority of tll.. t;nite<l States as reserved in Unit...! States Patent recorded October 21, 1955 ~n Book 180 at page 454. \ 7.'11le right of the proprietor af a vein or lode to "-'{tract: therefroa,,9hou1d tbe S1'''''' be found to J><!'netrat.. or inters.. I: tbe pr....ises. as reserved in United States Patent or ~'C.d and any vein lode or qoart% or other reek !n place bearl~ gold. ailv. innabar, lead, t1.'1, eopp<lr or other valuable deposit claimed or kn<l'o'll to ,:<~t On Mareh 23, 1335. as re"",t"?'ad. by Patent reeorded June 17. 1949 in Book 175~t page 246. 8.Conditions as set: forth in de eeorded A?ril'17, 1974 in Pook 286 at page 193 ~hich stat" substJ!Dtial1y allows: ,.Upkeep, ::;ainten of the pArties 11 Such ease~ent sha acro"" Lot Q). 91-...11 be the joint and =toal respon.sihility reto. their heirs. :<eeutors. adaini3trators and assigns. be accessible and open at all times. (Affects said eas~ent 9.10 foot cas"",ent to t, City or Aspen as sel: forth in Grant of Trail Ease"""nt recorded April 22, 1974 in Book 286 at page 304. 'It).Any tax, assesSll!ent, fees or cha~es by reason of the inclusion of subject property in As!"," Valley E09;>ital District, Aapen Sanitation District, Aspen Street Improv~ent District, Aspen Fire Protection District and The City of Aspen.. i1..Deed of Trost fro,", Robin Holny to the Punli" T't'nstee of Piedn County for the use of !;'irst ",'''stern ~lort;;sge Cor>><>raticm of Texas to seC'.:!re $75.000.00 dated tbrch 12, 1975 and recorded 1!.u-ch 13, 1975 in Fook 297 at page 64. (continued on pa~e 3-A) Exceptions Numbered are hereby omitted, Page 3 STI<:ViAH.T TITLE GUARA:-O'i'Y CO)fI~AXY 1623 ~. . ,,,,..,J'i~ ' ~"""'-, i!'2-~~'"s.'t. ( "'-', ( - Continuation of Schedule 3 AttClched to and 1T1iJ(!e:;1 p<Jd Jf Stewart Title G.LJar..Hlty Comp,-,ny POllLY No. ~ 497117 rIDTE, AS31,'~mDel't1: of abO'n! Deed of Trust: to Fort north Mortgage COr,>0T3t:ton recorde<i J13rch 13. 1975 in r~< 291 at: page 71~ nOT~: AS3~n\: of ab<w1o De.od 01''1'1:'1181: to The Glandon Genoan :Bui1AlIng m".a Loan eo..p..my recox'ded JUDe 6. 1975 In Book 299 at: ~age 521. 15111 ',,_,,:,:0" Page 3-A STE'\L\.nT TITLE GF.\U,\:\:TY C\l~II'A:-;Y ~ " -;-~;~~~~~fi~~~~~~::'~~~~4~~~::~:~-:~.,7~~!::,~~~~/~~..~,:~-o~:.::~~:*~.c:,"'.t'~'m~': ~-' ';"''-''-~.';-~-''tj; .......- t.",......___. _ .__ _ ""-"'" r_' ~~---- 11,1 I"'. ,...,1>,'"'' 01 ,,,.. CO""'l->""V ~h..1l n01 b. .nc(O!'..~ by ,><.Id.l,on... pr.ne,pal ",,J..bl.,un.,.,.~ crt'alP.t.1 subo;",'qu",nt to DiI(~ of Pol,ey. e'H;':!pt as 10 amounl,> ;:>d..,-.ncoo to prot~ct th~ h.m of the in 'lUred mortgage arid Si!'cur':!d thereby. No payment shdll be mad.. wIthout prooucmg th... policy for endors':!ment of such payment unle~s the policy be lost or d~~troy~. in which Cd,e proof. of such 105s or d~')truct;on shall be fur"i~h~ to the satisfaction of the Company. ( '" ....- ~~ 4. NOTICE OF LOSS - LIMI TATlON OF ACTION In additIon to th~ notices required under par;J9r"ph 3!bl 01 ........... Co"d,[lons "nd Stipulations, a st~temi:!nt in writIng of any lo>s Of damag.? for which it is claimed the Company is liable under this POlicY shall be lurni5ht:d to the Camp.:Iny within 90 day., after such loss or (lJmag~ shJlI have been determined and no right of action shall accru~ to an insured cl",imant until 30 d<lY" after such statement shall hav~ b~ecl furnl~hed. Failure to furnish such slatement of loss or damage shOll! terminate any liability of the Compnny under this pOlicy as to such to~s or damage. 5, OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS The Company shall have Ihit optIon !l) payor oth<,rwi,it settle for or In the name of an insured datl"ant any cl<llln insun>d <l9a.nst ar (0 l<.lrmll),lle all hahility and Obj,gdltonS of lh~ Camp;",,! he...und~' b', paying or tendering paym~nt ot Ihe amount of 1!",lJrJ!\(!J' und.,r ,h,s policy ta'J~lher with any cosrs. aHa,n>:ys' It.'~s ,JIld '"'(p.~n~s 'ncurr<"(j l.O) to th~ t,me 01 such paym"'f1t or lend.,r al paYfl~"1 hy tho: "'\.ur..,j claimanl ilnd aulho"z~ by th~ Company III e..H~ loi.' or d"'TM'?!, '\ c1ililTl~d uncl':!r lhis policy by an insured. Ih'!' Comp,)Oy ~h.11I hdVoJ' Ih" furlher option to purchase such .ndcbll!O.JIl':'S'Io for Ih., amounl 0...."'9 thereon to~tht'r with all co'us, a1torn"'y'~ f~e'lI and t!''lP<'nSlu wh.Ch In" Company is obligated h",rl!'under to pay. If th~ Company off~" 10 purch.)se Solid ind~btedn~J as h~re," pro",id~, tho!' owner of such indebtedness sMaH trand~r and ;)5Slg0 said ind<:,bll!'dn~s'i and Ih~ mortgagp. and any collateral sp.curing Ihe same toth~ Company upon payment therefor as hdfei., provided. 6. DETERMlNATION AND PAYMENT OF LOSS , loll The liability of the Company under this policy shall in nO case exceed the least of: (i) the actuallas!> of the inwred claimant; or liil the amount of insurance statE!d in Schedule A. or. if applicabla, the amount af insurance as defined in paragraph 2(al hereof; or Iii i) the amount of the indebtedness secured by thi:'! insured mortgage as determin~ under pilrclgraph 8 hereof. at the time the loss or damage insured againST hereunder occurs. together with interest th.-reon; or (bl The Company will pay. in addition to any loss insured against by thii policy. all COits imposed upon an insured in litigation carried on by the Company for such insured, and all COSIS, attorn~ys' f~es and expenses i,l litigation carried on by such insured with the written authoritarian of the Company. (e) Wh~n liability has been definitely fixed in accorance with the conditi'Jns of this potiey. the loss or damag~ shall be payable within 30 days thereafter. 1. LIMITATION OF LIABILITY No claim shall arise ar be maintainoole under this p.olicy la) if the Comprtny, aftrlr having recei",ed notice of an allegt'!d defect, lien or encumbrance insured against hereunder, by litigalion or otherwise, removes such defect, lien or encumbrance or establish~ the title, or th:! lien of the insured mortgagt'!, as insured, wi;:hitl a re.:lsonable tima after receipt of such notice; (b) in the ~vent of litigation until there has bl'!en a final determin<;ltion by a court of competent jurisdiction. and disposition of alt appeals thf:!refrom, ..dverse to the title or to rh~ lien of the insur.:od mortgage. as insured, as provid~d in paragraph 3 hereof; or tel for li3hility voluntarily assumed by .:In insured in settling any claim or suit without prior wriuen cor:sent of the Company. R REDUCTION OF LIABILITY (ill All paym~nts under Ihis policy, exr.ept payments made for costs, attomeys' fees and cl(penSei, shall n..>dllce the amount of the insurance pro tanto; provid~, hO.Never. such payments, prior t() the acquisition of title to said estate or interesl as provided in paragraph 2(a) of th::se Conditions and Stipularions, shall not reduce pro tanto the ;)mount of the insurance afforded hereunder except to the extent that such payments reduce the amount of the indebtedness secured by the insured mortgage. Payment in full by any person or voluntary satisfacrion or rele,lS.e of the insured mort!J<lg~ shall terminate .:Ill liability of th!! Company except as providt'!d in pllragrilph 21<11 h~reof. Villid Only If Schedul~s A and BAre Attal:hed. ( 9, LIABILITY NONCUMULA TlVE If the in'iured acquires till~ to the estate or int!:r'!st in satisf<Ktion of the indebtedn'hS secured by the insured mort';lJge. or any part ther~of, ir is exprf'~sly und~rslOod that tl'l~ amounl of insurance under this policy shall be reduced b', any amoul)t the Company may pay under any polICY irlsunng a mortgao]e h"r~after ell.ectJt~ by an inwred wh'ch IS a charge or It<:,n on th.> ~~tJle or ill,;,>r.:>~t d'!'scr,b~ or ref~rroo to 011 Sch~ul~ A. iJnd Ih~ :!muunt :'0 ;.lJ;d ~h.JlI be d"~mffi a payment urllkr Ih,~ pot.cy. 10. SUBROGA TtON U?ON ?':"Y:\lENT OR SETTLEMENT \'Ih..,,~..r th~ Cor'l;':>.i"y ~hJII h.lv~ '.enled a claim under this pobey. <Ill r'9h1 of ~ul)f"OgJ"on ,;hall "~I ,n the Company t:naff~.ed by Jlly Joet of ,h" H1'iU~ CI.l.J:'1dnt, e'lcept that th... owner of the ind~bl'XJn!!"u S<!'cur!J'd by Ih;, insured mortg<Joge may release o.r ~\Ibstitule the p~r~onalliablhIY of any d~blor or guar.1ntor, or e>t tend or olhel'\.vise mO<JoIy lhe terms of pay'nellt. or fcl~aSI!" a portion of Ihl! estale or interest from th" Ii!'n of thl!' insured mangag\!, or rel~aw any collat",rill security for the indeblednlM:,. provido!d such ;Jct occurs proor to receipt by tho: Insured of notice of any claim of titl~ or int~resl adverse to the titl<O' to the estaU~ or interest or the priority of the lien of the in3Ured martguge and tlo",s not rE-;')lt in any 10>> of priority of th~ li",n of the insured mortgage. The Company shaa b~ subrogated to and bot entitl~ to all rights and rem~ies which such insured claimant would hav" had ngainst any person or property in respi:!Ct to such claim had this policy not been i~sued, and if requested by the Company, such insured datmanl shall transfer to the. Company all rights <lnd remedill's agaitlst any person or property necessary in order to p'!rfect such right of subrogation .:Ind shall permit t~e Company to use the name of such insured claimant in any trar)saction or litigation involving such rights or remooi:!s. If the pdyment does not cover the loss of such insured claimant, the Company shall b'J' subro9at~ to such rights and rem~ies in the proportion which sa;cj paymenr bears. to the amount of said loss. but such subrogation shall be in subor.dinarion to Ihe insured mortg.:lge. If loss of priority should result from .:Iny act of such insu,~d claimant, Such act shall not void this policy. but the Company. in that eV'!nt. sh.)1/ be required to pay only thaI part at any losses insured against hereunder which sn;lil exceed thS' amount. if anY,la,t to the Company by reason of the impairment of the righ, of subrogation. 11. LIABILITY LIMITED TO THIS POLICY This instrument together with all endorsemenu and other instruments. if any, altached hiC'r.:>to by the Comp::my is the enttre policy and conlraCI between the insured and the Company. Any claim of toss or damag.... whether or nOI based on nagligf!'nce, and which <:Irises out of the status of the lien of the insllred mortgage or of the title to th,. e>,al~ or iro,erest COvered hereby or any action asserting ~uch. cl.lim, shall b~ re~trlcted to the provi~ions and conditions and stipulations of this pOlicy. No amendm'i'nt of 'or endorSBment to this policy can be madt! exc<lpt by writing endorsed hereon or attached hereto signed by either the President. a Vic~ President. thi: Secretary, an Assistant S~cret.'lry. or validaling officer or au ti'lOriwd signatory of the Company. 12. NOTICES. WHERE SENT All notices required to be gi.Jen the Company cmd any statement in writing required to be furni.,hffi the Company shall be Olddressed to it at P. O. Box 2029, Houston, Te'las 17001, and identify this policy by its printed POLICY SERIAL NU,\i1BER which appears on the bottom of lhe front of the first page of this pOlicy. The use of AlA MAIL for these notices and statements will expedite and aid proper handling of claims hereunder. 13. The premium specified in Schedule A is the entire charge tor acceptance of risk. It includes charges for title search and e'<3rnination if same is customary or required to be show" in the state in which thd' policy is i$sued, S'l']~'\F..;\..l{"r "l'I'rl..l~ Ol'AR.\:'iTY CO~tl'.\S\' , , Reception f231044 ,'" ; .~---. Recorded at 11:53~M Febrl y 23, 1931 Loretta Banner, Rec, jjJ er '" ~.~~. ~~- MOLNY - EUBANK SUBDIVISION EXCEPTION AGREEMENT 47 E:" THIS AGREEMENT, entered into and made this B~ ~!. day of l)~ 1980, by and between ROBIN MOLNY and DALE EUBANK (hereinafter referred to as "subdivider") and THE CITY OF ASPEN, COLORADO, a Municipal corporation (hereinafter referred to as "City"). WIT N E SSE T H WHEREAS, Subdivider is an owner of two duplex buildings situate on a tract of land situate in the City of Aspen, Pitkin County, Colorado, more particularly described as Lots R & S, Block 33, Aspen Addition and part of Lots 6 and 7, Block 5 Riverside Addition. WHEREAS, Subdivider has submitted to City for approval, execution and recording a final subdivision plat of the above-described property, such subdivision to be known and designated as "Malny/Eubank Subdivisionll and ,IIlEREAS, the City has fully considered such subdivision plat, the proposed condominiumization of the improvements of the property shown thereon, and is willing to approve" execute and accept the plat for recordation upon , the agreement of, ~..d.i ivider to the matters hereinafter matters are deem~d)llcessary to protect, promote and . '~","'~ described, which enhance the public welfare, and WHEREAS, Subdivider and City wi3h to reduce this agreement to writing, NOW THEREFORE, in consideration of the premises, the mutual covenants herein contained, the parties hereto agree as follows: 1. Any existing tenant shall be given written notice in the event that tenant's unit is offered for sale, which notice shall specify the sales price. Each tenant shall have an exclusive non assignable right for the ninety (90) days following the tenant's receipt of the notice to purchase his/her unit at the price specified in the notice. 2. Each tenant shall have a ninety (90) day exclusive non assignable right of first refusal to purchase his/her unit, which shall commence when a bona fide offer is made by a third person and accepted by the .m4 ~~683. owner and notice of the offer and acceptance and a copy thereof have been delivered to the tenant. In the event his notice of offer and acceptance is delivered to the tenant while the ninety (90) day right set forth in paragraph one (1) above is still in effect, the tenant may purchase the unit for the amount of the initial specified sales price or the amount of the bona fide offer, whichever is less. 3. Each unit of the duplexes shall be restricted to six (6) month minimum leases with no more than two (2) shorter tenancies per year. IN WITNESS WHEREOF, the parties have hereto executed this Agreement as the day and year first above written. il~~ CITY OF ASPEN \\\llllll'lil:"I,,, ~,,\ ,\ ~ I ""/ \\\G~ ..... -'I ~ ,/...." ,\" \""\~ .....1. .../'~-::;, .;;.y"t,;.>o,......_ ...._ ~?~ l Attest: .... ~ ~ : m _ .' 0:-;; ~l' y: ~; ... .: : 1--- ...~ ,'...r;.:. _ ./" '" ' " /,j<:. '" J' - . /'-': ".'" ~ .~ "- ~. /' .' .. :. ~ f ",: :::. ',' " /~c?' ~~T' '~~~ crerk . '~1 Illt'II'" :",1,1;" , By ,i. h,c'\-:\",I / ,)' po-- Ii 141' ;; , Mayor ~ro'-TQ"", be~v"'''''t. " J .' / STATE OF COLORADO) ) ss. COUNTY OF PITKIN ) 4fknowledged, subscribed and sworn to before me this IJJ~, 1980, by ROBIN MOLNY & DALE EUBANK. 8 ~ day of ,,\ " ,:::''''':-'~'~\ :~::.:~ ,^':~ .:. , Witness my hand and official My commission expires: If 0 ,.2./, /9;;~ \\\1\>11'''''"" . o,',f;r.>:\ .:~ o!/ ;~- -'/'r, . , ...."..'). -:;., ",), -::: ;. " !, . - ~~fi ::;... seal. ~,f} ~ ":'1'/1' ", v J l.\ .....- )" r ,\\' ,-,,\. -')"!'" '