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HomeMy WebLinkAboutcoa.lu.ec.704&720EHopkins.104A-89 CASELOAD SUMMARY SHEET city of Aspen DATE RECEIVED: 10/24~89 DATE COMPLETE: 1/1'719"1 PARCEL ID AND CASE NO. 2737-073-33-005 104A-89 STAFF MEMBER: t-v PROJECT NAME: Pitkin Row Subdivision Exemption for condominiumization Project Address: 704 & 720 East Hopkins Avenue. Aspen. CO Legal Address: Lots 10-16. Block 28 APPLICANT: 57. Inc. and Aspen consolidated Venture Corvo Applicant Address: clo Sharon TinQ1e. P. O. Box 5179. Aspen REPRESENTATIVE: catherine McMahon. Garfield & Hecht Representative Address/phone: 601 East Hvman Ave. Aspen. CO 81611 5-1936 PAID: YES NO AMOUNT: $830.00 NO. OF COPIES RECEIVED: TYPE OF APPLICATION: 1 STEP: ~ 2 STEP: 3-~ ~ --6 tSt!~- P&Z Meeting Date PUBLIC HEARING: YES NO VESTED RIGHTS: YES CC Meeting Date l~ PUBLIC HEARING: YES NO @) VESTED RIGHTS: YES NO ~:t: Paid: Date: Planning Director Approval: Insubstantial Amendment or Exemption: REFERRALS : =V city Attorney city.Engi~eer Housl.ng Dl.r. Aspen Water city Electric Envir. Hlth. Aspen Consolo S.D. School District ROCky Mtn Nat Gas State Hwy Dept(GW) State Hwy Dept(GJ) Mtn. Bell Parks Dept. Holy Cross Fire Marshall Building Inspector Roaring Fork Energy Center Other DATE REFERRED: II /~/2 J INITIALS: .0 J6, ROUTING: ~ - 9iJ INITIAL: etz; ity Atty ~ city Engineer Env. Health Housing - Other: ~ -;}J J FILE STATUS AND LOCATION: (' (/ (~ ... .... WRAP-UP SHEET FOR PITKIN ROW SUBDIVISION EXEMPTION FOR CONDOMINIUMIZATION OF 6 RESIDENTIAL UNITS The City Council adopted Ordinance 77 at their January 8, 1990 meeting approving the subdivision exemption with the following conditions: 1. The applicant shall file a plat to be reviewed and approved by the Engineering Department and the plat shall include but not be limited to: a) a 6x8 foot transformer easement at the northwest corner of the property and 4x4 foot pedestal easements along the north property line of each of the three lots; b) all parking spaces; 2. A certified engineer shall determine that historic runoff is maintained. 3. Prior to the signature of the final plat, a Subdivision Exemption Agreement for Pitkin Row shall be filed with the City Attorney. Attached to the Agreement shall be a covenant with the City of Aspen (that cannot be altered, deleted, or amended without the express written consent of the City of Aspen) stating that the condominium units shall be deed restricted to six month minimum leases, with no more than 2 shorter tenancies per year. 4. Prior to signature of the housing impact fee shall be paid to the Housing Authority for Director. final plat, an affordable in the amount of $48,300.00 a receipt to the Finance ,.... ,. I", ORDINANCE NO. 77 (SERIES OF 1989) AN ORDINANCE OF THE ASPEN CITY COUNCIL GRANTING SUBDIVISION EXEMPTION FOR THE CONDOMINIUMIZATION OF PITKIN ROW WHEREAS, pursuant to Section 7-1007 of the Aspen Land Use Code, a Condominiumization is a Subdivision Exemption by the City council; al~ WHEREAS, Catherine McMahon, Garfield and Hecht, P.C. representing 57, Inc. and Aspen Consolidated Venture corp., has submitted an app-.ication for the Condominiumization of pitkin Row located at 704-720 East Hopkins Avenue; and WHEREAS, the Engineering Department, having reviewed the application has made referral comments; and WHEREAS, the Housing Authority, having reviewed the application has made referral comments; and WHEREAS, the Planning Office, having reviewed the application pursuant to Section 7-1007, and reviewing the referral comments from Engineering and Housing, recommends approval with the following conditions: 1. The applicant shall file a plat to be reviewed and approved by the Engineering Department and the plat shall include but not be limited to: a) a 6x8 foot transformer easement at the northwest corner of the property and 4x4 foot pedestal easements along the north property line of each of the three lots; b) all parking spaces; 2. A certified engineer shall determine that historic '" " runoff is maintained. 3. Prior to the signature of the final plat, a Subdivision Exemption Agreement for Pitkin Row shall be filed with the City Attorney. Attached to the Agreement shall be a covenant with the city of Aspen (that cannot be altered, deleted, or amended without the express written consent of the City of Aspen) stating that the condominium units shall be deed restricted to six month minimum leases, with no more than 2 shorter tenancies per year. 4. Prior to signature of the final plat, an affordable housing impact fee shall be paid in the amount of $48,300:00 to the Housing Authority for a receipt to the Finance Director. WHEREAS, the Aspen City Council having considered the Planning Office's recommendations for Condominiumization does wish to grant the requested Subdivision Exemption for the Pitkin Row Condominiums. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO: section 1: That is does hereby grant a Subdivision Exemption for cordominiumization, with the previously mentioned conditions recommended by the Planning Office, to Pitkin Row Condominiums at 704-720 East Hopkins Avenue, Lots 10-16 Block 28. section 2: That the City Clerk be arid hereby is directed, upon the 2 -- ., adoption of this ordinance, to record a copy of this ordinance in the office of the Pitkin County Clerk and Recorder. section 3: If any section, subsection, sentence, clause, phrase or portion of this ordinance is for any reason held invalid or unconsti tutional by any court of competent jurisdiction, such provision and such holding shall not affect the validity of the remaining portions thereof. section 4: Nothing in this ordinance shall be construed to affect any right, duty or liability under any ordinance in effect prior to the effective date of this ordinance, and the same shall be continued and concluded under such prior ordinances. section 5: A public hearing on the Ordinance shall be held on the g~ ~ "10 day of , 19~ at 5:00 P.M. in the City Council Chambers, Aspen ity Ha I, Aspen Colorado, fifteen (15) days prior to which hearing a public notice of the same shall be published one in a newspaper of general circulation within the City of Aspen. INTRODUCED, READ AND ORDERED PUBLISHED as provided by law, by the City Council of the City of Aspen on the IUJ t.rvUu..V ,1989. /K- day of ~~~ William L. stirling, Mayor ATJEST: i r/ t:@Jj'-l:;fJ1~ " 4~ Kathry~~. Koch, city Clerk 3 -- , FINALLY, adopted, C} Cj(J ,tLLt1.J,-<[ , 19~. J passed and approved this DY-U J day of ~./A William L. Stirling, Mayor ATTEST: ~ J!j);[)[" . j!j;. L~ Kathryn S. Koch, City Clerk f., cc.pitkin.row.ord 4 ~ t '... MEMORANDUM FROM: Mayor and Council Bill Efting, Acting city Manager~ Leslie Lamont and Amy MargerUm~Planning TO: THRU: DATE: January 8, 1990 RE: Ordinance No. 77, Pitkin Row Subdivision Exemption for Condominiumization ----------------------------------------------------------------- ----------------------------------------------------------------- SUMMARY: The Planning staff recommends approval, on second reading, of Ordinance 77 approving the subdivision exemption for condominiumization of Pitkin Row, 704-720 East Hopkins Avenue, three two-story duplex buildings. COUNCIL GOALS: The condominiumization of Pitkin Row complies with Goals 14 and 15. BACKGROUND: On October 10, 1988, the Council approved the Final Plat for CBS Subdivision. On December 11, 1989 the Council read Ordinance 77. PROBLEM DISCUSSION: Pursuant to Section 7-1007 condominiumization is exempt from subdivision and shall be reviewed by the Council. The applicant proposes to condominiumize the three newly constructed two-story buildings. Each building contains two three-bedroom units, each with a two- car garage and additional paved outdoor parking spaces for two cars. section 7-1008 A of the Land Use Code requires the following for the condominiumization of a residential building: a. Existing tenants must be notified that the units are for sale. There are no existing tenants as this is a newly constructed building. b. Minimum lease period restricted to six month ml.nl.mum leases, with no more than two shorter tenancies per year. According to the application, Pitkin Row will be restricted by agreement between the applicant and the city of Aspen to six month minimum lease, with no more than two shorter tenancies per year. This agreement will be attached to the Subdivision Exemption Agreement and duly recorded in the real estate records of Pitkin County to ensure compliance with the lease restriction and evidences the applicant's compliance with the minimum lease requirements of the Code as required by Section 7-1008 (B) (2) (c) (2). c. Affordable Housing Impact Fee. The applicant has agreed to , , " pay the impact fee of $8,050.00 per unit for a total of $48,300.00 as required for three-bedroom dwelling units. d. Inspection of the proposed condominium by the Building Department. Throughout the construction process the building has been inspected by the Building Department. The project will be subject to a final inspection pursuant to the issuance of a certificate of occupancy. The following is a summary of the referral comments from Engineering: a. the plat should be reviewed and approved by the Engineering Department b. a transformer easement and pedestal easements shall be located out of the public right-of-way c. all parking spaces should be delineated on the plat d. the historic storm drainage must be certified by a registered engineer Attached is the referral memo from the Engineering Department regarding the condominiumization. RECOMMENDATI.ON: Staff recommends approval of the condominiumization of the six dwelling units of Pitkin Row with the following conditions: 1. Prior to signature of the final plat - a. the plat shall be reviewed and approved by the Engineering Department; b. the plat shall indicate a 6x8 foot transformer easement at the northwest corner of the property and 4x4 foot pedestal easements along the north property line of each of the three lots; c. all parking spaces shall be indicated on the final plat; d. a certified engineer must determine that historic runoff shall be maintained; ~ Pitkin Row shall be restricted by an approved and recorded, wl.th the Housing Authority, deed restriction to provide six month minimum leases, with n~9horter tenancies per year; \"-ftJ'r" \?..) f. an affordable housing impact fee shall be paid in the amount of $48,300.00 to the Housing Authority with a receipt given to the Finance Director and Planning Office. 2 - PROPOSED MOTION: I move to approve Ordinance No. 77, Series of 1989 with conditions on second reading. CITY MANAGER COMMENTS: Attachments: Ordinance No. 77 Housing Referral Comments Engineering Referral Comments pitkin.row.cc 3 .". "- y' - "'- MEMORANDUM To: Leslie Lamont, Planning Office From: Chuck Roth, Interim city Engineer ~~ Date: December 4, 1989 Re: Pitkin Row Condominiumization Having reviewed the above referenced application, and having made a site inspection, the engineering department has the following comments: ~ 1. Easements required - There is an electric transformer on the property which needs to have an easement indicated on the plat. The location of the transformer at the northwest corner of the property appears not to be located as shown on the plat. It appears that the transformer was located in the public right-of- way. It should have been installed on the private property. We therefore require that a six by eight foot easement be indicated at the northwest corner of the property in case the transformer needs to be removed from the public right-of-way at some time in the future. Also, we request four by four utility pedestal easements along the north property line of each of the three lots. The existing pedestals should not have been installed within the alley right- of-way on a new project. 2. Parking - It is not clear from the plat that the application meets the required number of parking spaces. The spaces on the lower floor plans are not indicated as garage spaces and do not show parking spaces. It is not clear if there is sufficient parking for the number of bedrooms in each unit. Star~. r~~of~ drai~2ge - The p~oject must ma~~~ain histo~~c 5~o~m d~a~nage runof~ COrlGltlons, and ~his must 2e certifie~ ~y a -. , . ~ _ ~ - - - '-... . - . - - "'.l'-~ 4. Plat comments ,- . .. ,_. _. J. ~ _., "" +- .....r:. ,-l-, ,....'~'- "';""',--0. .- n.....r;o-,... cc:....p not shown. ~. ~:E's an~ G~EIS must be in~~cated. ) '~ .. c. There must be a note which references the number and date of a recent title policy concerning the presence or lack of existing easements. d. Indicate survey monuments found and set. e. Indicate dumpster locations. Dumpsters are not permit- ted in the alley right-of-way. f. utility meter locations must be indicated. g. Indicate zone district. Provide index of sheets. 5. The applicant must agree to join any future improvement districts for improvements to adjacent public rights-of-way using current language from the city attorney's office. cc: Bob Gish, Public Works Director . memo 89.118 ) ~ MEMORANDUM To: Leslie Lamont, Planning Office From: Chuck Roth, Interim City Engineer c:~ Date: November 19, 1989 Re: Pitkin Row Subdivision Exemption for Condominiumization Having reviewed the above referenced application, the Engineering Department has the following comments: 1. This application is unacceptable for review. According to Chapter 24, Section 7-1004(D)(1)(a)(3) of the Municipal Code, a plat is required with the contents of the application. No plat was received by the Engineering Department. There has been a recent trend of some land use reviews having insufficient platting which has resulted in some problems for the City. Therefore we must insist on compliance with the require- ments specified in the code for contents of application. cc: Bob Gish, Public Works Director memo_89.109 ~ , J ~ MEMORANDUM TO: Leslie Lamont, Planning Office FROM: Yvonne Blocker, Housing Office RE: Pitkin Row Subdivision Exemption for Condominiumization DATE: November 20, 1989 =================================================================== SUMMARY: Applicant seeks a subdivision exemption for the condominiumization of three newly constructed two story duplex buildings located at 704-20 East Hopkins Avenue in Aspen to be known as Pitkin Row Condominiums. Each building contains two three-bedroom units, each with a two car attached garage and additional paved outdoor parking space for two cars. A site plan of the project is submitted herewith and a final condominium map will be submitted and recorded upon approval of the Application. Each unit contains approximately 3,400 3,900 square feet, including the garage area. APPLICANT: 57, Inc. and Aspen consolidated Venture corporation, c/o Sharon Tingle, P.O. Box 5179, Aspen, Colo. 81612; represented by catherine McMahon, Garfield and Hecht. i: LOCATION: 16. 704-20 East Hopkins Avenue, Aspen, Colorado Lots 10- ZONING: O-Office APPLICANT'S REQUEST: SUbdivision Exemption for the Condominiumization for the three two-story duplex buildings. HOUSING REQUIREMENTS: Pursuant to section 7-1008 (A) Land Use Code provides that the condominiumization of development shall be reviewed and approved as a exemption pursuant to the following review standards: of the Aspen an existing subdivision a. section 7-1008(A) (1) (a) requires that existing tenants of units to be condominiumized be given written notice of when thei~ uni~ will be offered for sale and the sale price. Applicant has stated that this lS a newly constructed proJect wl~n no existing tenants, therefore this Code requlrement is not applicable. Accordingly, it is not necessary that the application ~-~"~~0 n~r~~rn~~ ~h~t t0n~n~s hp rrovirled notice ~nd riaht of fi~s~ refusal, to purchase a unit. 1 ,,,", ) , ,- . ... b. section 7-1008(A) (1) (b) provides that the minimum lease period of all condominiumized residential units in the Office (0) zone districts be restricted to six (6) month minimum leases, wi th no more than two (2) shorter tenancies per year, where specified criteria are not met. pitkin Row condominiums will be restricted by deed restriction between the applicant and the city Of Aspen's designee, the Aspen/Pitkin County Housing Authority, to six (6) month minimum leases, with no shorter tenancies per year. The deed restriction will be approved and recorded with the Housing Authority prior to signature of final plat. c. section 7-1008(A) (1) (c) provides that owners of new condominiumized residential dwelling units be subject to an affordable housing impact fee to offset the impact on the availability of affordable housing in the community where affordable housing has not been provided or where the property is not permanently restricted for sale or rental to qualified employees as defined in the city's housing guidelines. The impact fee as applicable to Applicant is as follows: Three two story buildings with two-three bedroom units: $8,050 X 6 =$48,300 to be paid prior to signature of final plat. :!! STAFF RECOMMENDATION: The Housing Authority recommends approval subject to the following conditions: a.Pitkin Row Condominiums will be restricted by an approved and recorded deed restriction to be filed prior to signature of final plat. Deed restriction to provide six month minimum leases, with no shorter tenancies per year. b. An affordable housing impact fee will be paid prior to signature on final plat in the amount of $48,300.00. 2 rv^ $ c-- ~ . -. Bf' '''1 F'G 987 #327139 1,-,:'/90 1:,,:;:'9 Pee 't>1().U().< ; , 0' ,_ F'lt\.:ln Cnty Clad, Doe -....,1)0 SllVla Da-.jl~~ Recorded at o'clock ~j/ .M. Reception No. Recorder RECORDING REQUESTED BY: WHEN RECORDED RETURN TO: catherine H. McMahon Garfield & Hecht, P.C. 601 East Hyman Avenue Aspen, Co. 81611 STATEMENT OF SUBDIVISION EXEMPTION FOR PITKIN ROW CONDOMINIUMS WHEREAS, 57, Inc. and Aspen Consolidated Venture Corp., both Colorado corporations ("Applicant"), are the owners of a parcel of real property in the City of Aspen, Pitkin County, Colorado, described as follows: Fractional parts of Lots 10, 11 and 12 and all of Lots 13, 14, 15 and 16, Block 28, East Aspen Additional Townsite, and Fractional Lots K, Land M, Block North of Block 104, city and Townsite of Aspen, County of pitkin, State of Colorado, and WHEREAS, the foregoing real property contains three two- story duplex buildings; and WHEREAS, Applicant has requested a subdivision exemption for condominiumization of the three existing duplex buildings on the subject property to be known as Pitkin Row Condominiums; and WHEREAS I the city Council determined ~t its regular meeting held on January 8, 1990, that such exemption was appropriate and granted the same, subj ect, however, to certain conditions as set forth below. NOW, THEREFORE, the City Council of Aspen, Colorado, does hereby determine that the application for subdivision exemption for condominiumization of the above-described property is proper and hereby grants an exemption from the full subdivision process for such condominiumization. PROVIDED, HOWEVER, that the foregoing exemption is expressly conditioned upon (1) The Applicant's recording with the Pitkin County Clerk & Recorder contemporaneously herewith, that certain "Declaration of Covenants, ~estrictions and Conditions for Pitkin Row Condominiums" dated (\('\eI~'" \'L- ,1990 attached hereto, and (2) The Applicant's strict compliance with the restrictions contained therein and all representations set forth in #327139,,-'/12/90 12:29 Rec $1.0.00 f~3~_PG 988 Silvia Davis~ Pitkin Cnty Clerk, DOL $.UU the Development Application submitted and the binding conditions of approval on this matter set by the Planning and zoning commission and the City Council, for itself, its successors and assigns. DATED this 1fIU day of ~ , 1990. ~.s~i~ APPROVED: ~~V1.~ Edward M. Caswall, City Attorney I, Kathryn S. Koch, do certify that the foregoing statement of Subdivision Exemption for condominiumization of Pitkin Row Condominiums was considered and approved by the Aspen city council at its regular meeting held January 8, 1990, at which time the Mayor was authorized to execute the same on behalf of the city of Aspen. "I"""'''''' "",'..~ ~f AS.. . ,...... ~ .,......... ('" '.~- $ (J ,.' -' "'. ',' , f . (~. ~.:.hin~o.smt ~ ....,: ~: ' -:'~',:,,'.. ,- "". ";:. . ."':.~ {oqz' ..~.~~ "" . I.""" "II' HII"" ~~~Koi 61erk -2- fV\ \j- \Xl c:- ---.. t\:. j*32714~0/12/90 12:29 Rec $15.00" j 631 PG 989 Silvia Davis, Pitkin Cnty Clerk, ~ $.00 DECLARATION OF COVENANTS, RESTRICTIONS AND CONDITIONS FOR PITKIN ROW CONDOMINIUMS 57, Inc. and Aspen Consolidated Venture Corp., both Colorado corporations ("Covenantor"), for themselves, their successors, and assigns, in consideration of the granting of a Subdivision Exemption for the condominiumization of the following described property, hereby covenant with the city of Aspen, Pitkin County, Colorado, to restrict such property, and hereby do restrict such property, as follows: 1. Covenantor is the owner of the following described property (the "Property") together with the improvements situated thereon in the City of Aspen, County of pitkin, state of Colorado: Fractional parts of Lots 10, 11 and 12 and all of Lots 13, 14, 15 and 16, Block 28, East Aspen Additional Townsite, and Fractional Lots K, Land M, Block North of Block 104, City and Townsite of Aspen, county of Pitkin, state of Colorado, Hereafter, units 1 and 2, Building A, Units 3 and 4, Building B, and units 5 and 6, Building C, Pitkin Row Condominiums, city of Aspen, Pitkin County, Colorado, a~ shown on the Condominium Map recorded in Plat Book 1,5 at Page !.!::L as Reception No. 3 '2-7 I 37, and subject to the terms, conditions and obligations of the Condominium Declaration for Pitkin Row Condominiu~:r recorded in Book L,':1,1 at Page '3...20 as Reception No. ,~A I L?;:6- ' also described as 120 South Spring street, 708-20 East Hopkins Avenue, Aspen, Colorado 81611. 2. The existing six units comprising Pitkin Row Condominiums shall be and are hereby restricted to six (6) month minimum leases with no more than two (2) shorter tenancies per calendar year, pursuant to section 7-1008(A) (1) (b) (1) of the ~spen Municipal code, as amended. 3. Covenantor further agrees to join, upon the City'S demand, any improvement district formed for construction of improvements, including, without limitation, drainage, underground utilities, paving, curbs, gutters, sidewalks, street lights, etc., in the area of Pitkin Row Condominiums or to reimburse the City of Aspen directly upon demand if the City should choose to construct these improvements without the formation of such a district. 4. The covenants contained herein may be changed, modified or amended by the recording of a written instrument signed by the record owners of the Property and Mayor of the City of Aspen pursuant to a vote taken by the City Council. 5. The covenants contained herein shall run with the land and shall be binding upon all parties having any right, title or interest in the Property or any part thereof and their heirs, 1*327140 10/"-"/90 12:29 Rec $15.00 BK 6"""F'G 990 Silvia Davis, Pitkin Cnty Clerk, Doc $~OO representatives, successors and assigns, for the period of the life of the longest-lived member of the presently-constituted Aspen city council plus twenty one (21) years, or for a period of fifty (50) years from the date these covenants are recorded, whichever is less. 6. The covenants contained herein shall not be released or waived in any respect during the period they are binding without the prior written consent of the city of Aspen reflected by resolution of the City council of the City of Aspen. 7. In any legal proceeding to enforce the provisions of these covenants, restrictions and conditions, the prevailing party shall be entitled to recover its fees and costs incurred thereby, including its reasonable attorneys' fees and expert witness fees. IN WITNESS WHEREOF, this executed this 8th day of October Declaration has been duly , 1990. 57, INC., a Colorado corporation ASPEN CONSOLIDATED VENTURE CORP., a Colorado corporation BY::-=- -::-:.- -::::=- Sharon H. Tingle, Vice-President R V ----::: ' Sharon H. Tingle, Vice-President - STATE OF COLORADO ) ) ss. COUNTY OF PITKIN ) The foregoing Declaration was acknowledged before me this 8th day of October , 1990 by Sharon H. Tingle as Vice- President of 57, Inc" a Colorado corporation ."".,"',."........ ,~~~~~~~;~~;TNESS my hand and official seal. :-/ \\ (jiAR y ~commission expires: ~ 1t: -o-o-:~ : 1ft \ <l'\,oUB\..\~ \ '.Ja '. "''''')10-.. .." '''''''' l: ~.;..c.c ",\> It,......." May 4, 1992 ~/~~/~ Nary Pub c #3:2(140 j (~~/90 1~::29 Rec $t5m 00 Bk/' _ F'G 991 F t' C < CJ,e"""" Doc ~lU S.l.lvla DavIs, '1 t In ..In,:y , r ACKNOWLEDGMENT PAGE TO DECLARATION OF COVENANTS, RESTRICTIONS AND CONDITIONS FOR PITKIN ROW CONDOMINIUMS STATE OF COLORADO ) ) ss. COUNTY OF PITKIN ) rVA The ((1omOing Declaration was acknowledged before me this ~~day of Q ~ , 1990 by Sharon H. Tingle as Vice- President of Aspen consolidated Venture Corp., a Colorado corporation. .",.,,,,, l"'(' , WITNESS my hand and official seal. ",,,... ... I," ..' ~\...."...." ..~ "'" ... '., .. ! ~ "'/;"~AR "~Y comm1SS1on expires: 2 u/...' v I r'." - ." .. : : --4 ~ 0- :" ~ 1:\})lJB\.\~ lc ;. ~""... /r) ...~ .,...... . .... ~"'t .: "::,. r~ ........ "C ,.' ''''I" OF' CO ,.,0' """"""....".' c:\chm\cp\pitkinro.dec ~ ~ /qq;;t. ~77f~ ~l , ~ ~ ....:> \ ARTICLE I 1.1 1.2 1.3 ARTICLE II 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9 2.10 2.11 2.12 2.13 2.14 2.15 2.16 2.17 2.18 ARTICLE III 3.1 3.2 3.3 3.4 3.5 3.6 ARTICLE IV 4.1 4.2 4.3 ARTICLE V r ~ "" BI'" 'F'G q::;O ~t327138 :to/~/90 12~27 Rec ~t~l~,,~.UU ..... ,t (lO Dgyl'.,.", F'itkin Cnty Cle,'k, Doc .. ," Silvia i:;\ CONDOMINIUM DECLARATION FOR PITKIN ROW CONDOMINIUMS TABLE OF CONTENTS DECLARATION - PURPOSES AND EFFECT General Purposes Declaration . . . Name and Address 1 1 1 1 DEFINITIONS "Association" . . . . . "Building" . . . . "Board of Directors" or "Board" "By-Laws" . . . . "Common Elements" . . . "Common Expenses" . . . "Condominium Declaration" "Condominium Map" or "Map" "Condominium Owner" or "Owner" "Condominium Property" ... "Condominium Unit" or "Unit" "Declarant" . . . . . . . "General Common Elements" "Land" ......... "Limited Common Elements" "Managing Agent" "Mortgage" "Mortgagee" . . . 1 2 2 2 2 2 2 2 2 2 2 2 3 3 3 3 3 3 3 SUBMISSION OF PROPERTY Grant and Submission Division into Units Title . . . . . . . . Inseparabilitv . . . Partition not Permitted Riqht to Combine Units 3 3 4 4 4 4 4 CONDOMINIUM MAP 5 5 5 5 Description . Interpretation Amendment . . . 5 5 COMMON ELEMENTS ..... 5.1 Use of General and Limited Common Elements r ,~ #327138 :l(J~~/90 12:27 nee $185.00 BK ~1 PG 951 Silvia Davis, Pitkin Cnty Clerk, Doc $.00 5.2 5.3 Limited Common Elements . . . . . . . . . . . . . . Additions. Alterations. and Improvements to General and Limited Common Elements . . . . . . . . . . . . Easements for Encroachments . . . . . . . . . . . . Easements of Access for Repair. Maintenance and Emerqencies . . . . . . . .. ......... Association's RiGht to Use of Common Elements . . . Prohibited Use of General and Limited Common Elements . . . . . . . . . . . . . . . . . . . . . 5.4 5.5 5.6 5.7 ARTICLE VI 6.1 6.2 RIGHTS OF DECLARANT Amendments to Map . , . . . . Minor Improvements to proiect . . ARTICLE VII CONVEYANCE AND DESCRIPTION OF A CONDOMINIUM UNIT 8 7.1 Conveyance and Description of a Condominium Unit 8 ARTICLE VIII LIENS AGAINST CONDOMINIUM UNITS 8.1 Mechanic's Lien. . . . . . . . . a. Common Elements Exception . . b. DischarGe of Individual Unit ARTICLE IX SEPARATE TAXATION 9.1 Separate Taxation. . . . . . . ARTICLE X THE ASSOCIATION 10.1 General Purposes and Power 10.2 Membership . . . 10.3 votinq of Members 10.4 Indemnity . . . . ARTICLE XI CERTAIN RIGHTS AND OBLIGATIONS OF ASSOCIATION 11.1 Maintenance of Common Elements and BuildinG 11.2 Miscellaneous Services 11.3 Property for Common Use 11.4 Rules and ReGulations 11.5 Enforcement. . . 11.6 Implied RiGhts 11.7 Attornev-In-Fact ARTICLE XII ASSESSMENTS 12.1 Aqreement to Pay Assessment. 6 6 6 6 7 7 7 7 8 8 8 9 9 9 9 10 10 10 10 10 11 11 11 11 12 12 12 12 13 13 ~:f:327138 tOC:/90 12: 27 Rec ~f185. 00 B~::: Silvia Davis, Pitkin Cnty Clerk, Doc .r"'" _1 PG 952 $.00 12.2 Amount of Total Annual Assessment. . 12.3 Apportionment of Annual Assessments. 12.4 Notice of Annual Assessments and Time 12.5 Special Assessments. . . . . 12.6 Lien for Assessments . . . . 12.7 Personal Obliaation of Owner 12.8 Statement of Account 12.9 Association Reserves . . . . for Payment ARTICLE XIII USE OF CONDOMINIUM UNITS 13.1 Residential. . . . . . . . . . . 13.2 Prohibition of Certain Activities 13.3 Pets . . . . . . . . . . . . . . 13.4 Maintenance of Interior. . . . . 13.5 Maintenance of Residential Common Elements 13.6 Rules and Reaulations 13.7 Alterations. . . .. .... 13.8 Easements. , . . .. .... a. Owner's Easements for Access b. Easements Deemed Appurtenant 13.9 Mortqaqinq a Condominium unit -- Priority ARTICLE XIV 14.1 INSURANCE Types of Insurance a. Casualty Insurance b. Public Liability and Insurance . . . . c. Workmen's Compensation and Insurance . . . . d. Fidelity Insurance e. Other. . . . Form . . . . . . Owner's Insurance Proceeds . . . Owner Increased Premium Employer's Liability Propertv Damaae 14.2 14.3 14 .4 14.5 ARTICLE XV DAMAGE OR DESTRUCTION 15.1 Affects Title. . . . . . . . . . 15.2 Association as Aqent . . . . . . 15.3 General Authority of Association 15.4 Estimate of Costs. . . . 15.5 Repair or Reconstruction . . . . 15.6 Funds for Reconstruction . . . . 15.7 Disbursement of Funds for Repair or Reconstruction . . . . 15.8 Decision Not to Rebuild. . . . . . 13 13 13 14 15 15 16 16 17 17 17 17 17 17 17 17 18 18 18 18 18 18 18 19 19 19 19 19 20 20 21 21 21 21 21 21 22 22 22 22 L_ '[*:]271~~8 lr2/90 12: 27 nee $185w 00 B~;'''''''''31 F'G 953 Silvia Da~;, Pit.kin Cnty Cler-'k, Doc '!t.-':"OO ARTICLE XVI OBSOLESCENCE . . . . . 16.1 Adoption of a Plan . . . . . . . . 16.2 Payment for Renewal and Reconstruction 16.3 Sale of Obsolete units 16.4 Distribution of Excess . . . . . . . . ARTICLE XVII CONDEMNATION 17.1 Conseouences of Condemnation 17.2 Proceeds . . . 17.3 Complete Takinq 17.4 Partial Takino 17.5 Reorqanization ARTICLE XVIII REVOCATION OR AMENDMENT TO DECLARATION 18.1 Revocation 18.2 Amendment . . . . . . . . . . . . . . . . ARTICLE XIX 23 23 23 23 23 24 24 24 24 24 25 25 25 25 MISCELLANEOUS . . . . . . . . 26 19.1 compliance with provisions of Declaration and Artic~es. of Incorporation and By-Laws of the Assocl.atl.on . . . . . . . . . . . . . . . 26 19.2 Reqistration of Mailino Address: Notices 26 19.3 Owner's Oblioations continue 26 19.4 Limited Liability. . . . . . . 26 19.5 Interpretation of the Covenants 27 19.6 Claims Reqardinq Declarant 27 19.7 Failure of Board of Directors to Insist on strict Performance . . . . . . . . . . 27 19.8 Transfer of Declarant's Riqhts 28 19.9 Amplification. 28 19.10 Sales Activity 28 19.11 Disclaimer. 28 19.12 Severability. 28 19.13 Statute . . . 28 19.14 Number and Gender 28 19.15 section Headinos 28 19.16 Colorado Law. . . 29 EXHIBIT A EXHIBIT B EXHIBIT C -. ,'.,0...... 1t::127n~''-io/ 12/90 12: 27 Rec ~'185. O<)-.A< 6~~ F'G 954 Silvia Davis, Pitkin Cnty Clerk, Doc $.UU CONDOMINIUM DECLARATION FOR PITKIN ROW CONDOMINIUMS This Condominium Declaration for PITKIN ROW CONDOMINIUMS is executed this day of , 1990 ("Declaration") by 57, Inc. and Aspen Consolidated Venture Corp. both Colorado corporations (collectively "Declarant"). Declarant does hereby make the following grants, submissions and declarations: ARTICLE I DECLARATION - PURPOSES AND EFFECT 1.1 General Purposes. Declarant is the owner of real property in Pitkin County, Colorado, described on Exhibit A attached hereto ("Land"), which Land is subject to the easements, licenses, rights of way, restrictions and reservations of record set forth on Exhibit B hereto. The purpose of this Declaration is to submit the Land and all improvements situated thereon (the "Project") to condominium form of ownership in the manner provided in the Condominium Ownership Act of the State of Colorado. This Declaration establishes certain rights and obligations with respect to the Project for the Declarant and all present and future owners of the Project. Declarant intends that such owners, mortgagees and any other person or entity now or hereafter acquiring any interest in the Project shall hold their interests subject to the rights, privileges, obligations and restrictions established by this Declaration. All such rights, privileges, obligations and restrictions are declared to be in furtherance of a plan to promote the value, desirability and attractiveness of the Project. 1.2 Declaration. Declarant hereby submits the Project to this Declaration and declares that the Project shall at all times be owned, used or occupied subject to the provisions of this Declaration, which provisions shall constitute covenants running with the land and shall be binding upon and inure to the benefit of Declarant and any person or legal entity acquiring any interest in the Project. 1.3 Name and Address. The name by which this Condominium is to be identified is PITKIN ROW CONDOMINIUMS. The address shall be 120 South Spring Street, 708-20 East Hopkins Avenue, Aspen, Colorado 81611, or such other address as may be designated by recorded document. ARTICLE II DEFINITIONS The terms I isted below, as used in this Declaration, shall have the meaning set forth as follows: 1 .""'" r...... ~ 1" "~ r'ee $j 85. nn Bf,<.....31 "'cl2713810/12/90 .,':.c<' ' -- " - Cnty Clerk, Doc $.00 Silvia Davis, Pitkin PG 955 2.1 "Association" means Pitkin Row condominium Association, a Colorado nonprofit corporation, its successors and assigns, the Articles of Incorporation and By-Laws of which shall govern the administration of the Condominium Property and the members of which shall be all of the Condominium Owners. 2.2 "Building" means the improvements located above, on or below the surface of the Land, together with any improvements or additions thereto. 2.3 "Board of Directors" or "Board" means the governing body of the Association. 2.4 "By-Laws" means the By-Laws for the Pitkin Row condominium Association, Inc. 2.5 "Common Elements" means the General Common Elements and the Limited Common Elements. 2.6 "Common Expenses" means and includes expenses of the administration and operation of the condominium Property, and the expenses of maintenance, repair or replacement of the Common Elements (excluding the appurtenant deck and rooftop Limited Common Elements) ; expenses designated as Common Expenses by the provisions of this Declaration and/or the By-Laws of the Association, all sums lawfully assessed against the Common Elements; and any expenses agreed upon as Common Expenses by the Owners. 2.7 "Condominium Declaration" means together with any supplement thereto recorded in Clerk and Recorder of Pitkin County, Colorado. this instrument the office of the 2.8 "Condominium Map" or "Map" means the Condominium Map described in Article IV. If a supplemental or amended Condominium Map or Maps shall be filed in the records of Pitkin County, Colorado, the Map shall thereafter mean the original Condominium Maps, together with all supplemental or amended Maps. 2.9 "Condominium Owner" or "Owner" means a person, firm, corporation, partnership, association or other legal entity, or any combination thereof, who owns one or more Condominium units. 2.10 "Condominium Property" or "Project" means and Building or future buildings, if any, all improvements thereon and all appurtenant rights thereto created Declaration. the Land situated by this 2.11 "Condominium Unit" or "unit" means an individual airspace Unit, consisting of enclosed rooms occupying part of the Building and bounded by the interior surfaces of the perimeter walls, floors, ceilings, windows and doors thereof, together with all fixtures, personal property and improvements therein contained, but not including structural components of the Building, if any, within a unit, together with the undivided percentage interest in 2 /"'........ r"'-, #3271381.....-,/:1.2/90 12:27 F~ec $185.00r:'f; 631 Silvia Davis, Pitkin Cnty Clerk Doc ~ nn , . 'I'. _ M F'G 956 the general and limited common elements appurtenant to such unit, all as shown on the Condominium Map and as set forth on Exhibit C attached hereto and incorporated herein by reference. 2.12 "Declarant" means 57, Inc. and Aspen consolidated Venture Corp., both Colorado corporations, their successors and assigns. 2.13 "General Common Elements" means and includes the Land and the structural components of the Building, including but not limited to, roofs, foundations, pipes, ducts, flues, shoots, conduits, wires and other utility installations to the outlets, bearing walls, perimeter walls, columns and girders to the interior surfaces thereof, regardless of location; walkways and parking areas which are now or hereafter contained within the Project; all public utility lines and installations of all utility services including, but not limited to, power, light, gas, hot and cold water, and heating; and any or all other portions of the Condominium Property, except (a) portions of the Condominium Property contained entirely within and servicing only one Unit or (b) portions of the Condominium Property which are designated as Limited Common Elements under this Declaration or on the Condominium Map. 2.14 "Land" means the real property described in Exhibit A. 2.15 "Limited Common Elements" means those parts of the Common Elements which are either limited to or reserved for the exclusive use of the owners of one or more, but less than all, of the Condominium units, as described, located or shown on the Condominium Map by legend, symbol or words. 2.16 "Managing Agent" means the person or firm to which any of the duties, powers and functions of the Board of Directors may be delegated, or are delegated pursuant to section 11.2. 2.17 "Mortgage" means any mortgage, deed of trust, or other security instrument by which a Condominium unit or any part thereof is encumbered. 2.18 "Mortgagee" means any person, persons, firm, corporation, partnership, association, other legal entity, or combination thereof named as the mortgagee or beneficiary under any Mortgage by which the interest of any Owner is encumbered. ARTICLE III SUBMISSION OF PROPERTY 3.1 Grant and Submission. Declarant hereby submits to this Declaration the Land and Building. 3 /"'" ( , "-' _ ~.~_ P $185.00 Bf: _Jl F'G 957 1327138 10/12/9u 1_.~1 .ee Doc $.UU Silvia Davis, Pitkin Cnty Clet-\', 3.2 Division into units. The Condominium Property is hereby divided into fee simple estates known as Condominium units. Each such estate consists of one residential unit, together with an appurtenant undivided interest as a tenant-in-common in and to the Common Elements, which undivided interest is more particularly described, together with the description of each condominium unit in Exhibit c. Each Condominium Unit shall be identified on the Map by the number shown in Exhibit c. 3.3 Title. Title to a Condominium unit may be held or owned by any entity and in any manner in which title to any other real property may lawfully and properly be held or owned in the state of Colorado, including, but without limitation to, joint tenancy or tenancy-in-common. 3.4 Inseparabilitv. An Owner's undivided interest in the General Common Elements and in any appurtenant Limited Common Elements shall not be separated from the unit to which they are appurtenant and shall be deemed to be conveyed with the unit even though the interest is not expressly mentioned or described in the deed or other instrument. Every gift, devise, bequest, transfer, encumbrance, conveyance or other disposition of a condominium unit or any part thereof shall be irrebuttably presumed to be a gift, devise, bequest, transfer, encumbrance or conveyance, respectively, of the entire Condominium Unit together with all appurtenant rights created by law or by this Declaration. 3.5 Partition not Permitted. The General Common Elements and the Limited Common Elements shall remain undivided and no Owner or any other person shall bring any action for partition or division of any of the Common Elements. Similarly, no action shall be brought for the partition of a Unit or a condominium unit between or among the Owners thereof. Each Owner expressly waives any and all such rights of partition he may have by virtue of his ownership of a Condominium unit. A violation of this provision shall entitle the Association personally to collect, jointly or severally, from the parties violating the same the actual attorneys' fees, costs and other damages the Association incurs in connection therewith. 3.6 Riqht to Combine units. Declarant reserves the right and Owners, upon obtaining written permission of the Association, are granted the right to combine physically the area or space of one unit with the area or space of one or more adjoining Units. Such combination shall not affect the designation nor prevent separate ownership of such Units in the future. Any walls or other structural separations between combined units, or any space which would be occupied by such structural separation but for the combination of units, shall remain General Common Elements. Alterations to walls or other structural separations shall not alter the bearing capabilities of such structures and shall not adversely affect other Owners. Upon the combination of two or more Units, the unit so formed shall have the total of the percentage 4 ~ -, #:327138 1(:l~/90 12: 27 F<ec $185.00 BK,,)l PG 958 Silvia Davis, Pitkin Cnty Clerk, Doc $.00 interests in the Common Elements, set forth in Exhibit C, or the most recent Amendment thereto, of each unit so combined. ARTICLE IV CONDOMINIUM MAP 4.1 Description. The Map shall be filed for record in the Office of the County Clerk and Recorder of Pitkin County, Colorado, and is incorporated herein and made a part hereof by reference. The Map may be filed in whole or in parts or sections from time to time. Each section of the Map filed subsequent to the first or initially filed Map shall be termed a Supplement to such Map and the numerical sequence of such Supplement shall be shown thereon. The Map shall be filed for record prior to the conveyance of a Condominium Unit to a purchaser. The Map shall depict and show at least the following: the legal description of the Land and survey thereof; the location of the Building on the Land, the floor and elevation plan; the location of the units within the Building, both horizontally and vertically; the location of any structural components or supporting elements of the Building; the dimensions of all boundaries of each Unit; the unit numbers identifying the Units; and designation of the Common Elements. The Map shall con- tain the certificate of a registered Colorado land surveyor certi- fying that the Map substantially depicts the location and the hori- zontal and vertical measurements of the Building, the units, the unit designations, the dimension of the units, the elevations of the unfinished floors and ceilings as constructed and that such Map was prepared subsequent to substantial completion of the improve- ments. Each supplemental Map and/or any amendment shall set forth a like certificate when appropriate. 4.2 Interpretation. When interpreting the Map, the existing physical boundaries of each separate unit as constructed shall be conclusively presumed to be its boundaries, and therefore shall be ,the property intended to be conveyed, reserved or encumbered, notwithstanding any minor deviations from the location of such unit indicated on the Map. 4.3 Amendment. Declarant reserves the right to amend the Map, from time to time, as set forth in section 6.1 herein. ARTICLE V COMMON ELEMENTS 5.1 Use of General and Limited Common Elements. subj ect to the limitations contained in this Declaration, each Owner shall have the nonexclusive right to use and enjoy the General Common Elements and his appurtenant Limited Common Elements in accordance with the purpose for which they are intended without hindering or encroaching on the lawful rights of the other Owners. The Association may, from time to time, adopt rules and regulations governing the use of General and Limited Common Elements and such 5 ""..... '~' ~*327138 ~,12/9(~) 1~: 2'7' F\ee 1'':1.8~. 00 r,. ~~ Silvia Davis, Pltkln Cnty Clerk, Doc, .UU PG 959 rules and regulations shall be uniform and nondiscriminatory. Each Owner, by the acceptance of his deed or other instrument of conveyance or assignment, agrees to accept and be bound by any rules and regulations adopted by the Association. 5.2 Limited Common Elements. subject to the definition thereof, the Limited Common Elements shall be identified on the Map and designated as appurtenant to a particular Condominium unit on the Map or in a deed from the Declarant. Any door, window, balcony, porch, patio, deck, jacuzzi, hot tub or grill which is accessible from, associated with and adjoins a unit, deck or roof areas, storage areas or any other areas identified as Limited Common Elements on the Map shall, without further reference thereto, be used in connection with the unit to which it is appurtenant to the exclusion of the use thereof by other owners, except by invitation. 5.3 Additions. Alterations. and Improvements to General and Limited Common Elements. The right to make additions, alterations and improvements to the General Common Elements shall vest in the Association. No structural modifications or alterations to a unit or installations located therein or to a Limited Common Element may be made by an Owner without the written consent of the Board of Directors, and then only in accordance with the provisions of Sections 3.5, 3.6, 13.2 and 13.7 herein. There shall be no special assessments in excess of $10,000.00 levied by the Association in anyone calendar year or any capital additions, alterations or improvements of or to the General Common Elements or Limited Common Elements by the Association requiring expenditures in excess of $10,000.00 in anyone calendar year without, in each case, prior approval by a majority of the votes in the Association, except in the event of an emergency. The limitations set forth herein shall not apply to any expenditures made by the Association for maintenance and repair of the Common Elements set forth in Section 11.1 of this Declaration or for repair in the event of damage, destruction or condemnation as provided in Articles XV and XVII hereof. 5.4 Easements for Encroachments. If any part of the General Common Elements encroaches upon a unit or units, an easement for such encroachment and for the maintenance of the same, so long as it stands, shall and does exist. Such encroachment shall not be considered to be encumbrances either on the General Common Elements or the Units affecting the marketability of title to any Unit. Encroachments referred to herein include, but are not limited to, encroachments caused by error in the original construction of the Building, by error in the Condominium Map, by settling, rising or shifting of the earth, or by changes in position caused by repair or reconstruction of the Project or any part thereof. 5.5 Easements of Access for Repair. Maintenance and Emeraencies. Some of the General Common Elements and Limited Common Elements are or may be located within the Units or may be 6 f" ' *~::l27138 },.....t12/90 12:27 Rec $1.85.00 [,),)631 Silvia Davis, Pitkin Cnty Clerk, Doc $.00 PG 960 conveniently accessible only through the Units. The Owners of other units shall have the irrevocable right, to be exercised in accordance with the By-Laws by the Association, as their agent, to have an easement for access to each unit and to all General Common Elements and Limited Common Elements from time to time upon reason- able notice and during such reasonable hours as may be necessary for the maintenance, repair or replacement of any of the General Common Elements or Limited Common Elements located therein or accessible therefrom or for making emergency repairs therein necessary to prevent damage to the General Common Elements or the Limited Common Elements or to another unit or units. The Associ- ation shall also have such right independent of any agency rela- tionship. Damage to the interior or any part of a unit or units resulting from the maintenance, repair, emergency repair or replacement of any of the General Common Elements or Limited Common Elements or as a result of emergency repairs within another unit at the instance of the Association or of the Owners shall be an expense of the following: all of the Owners, if such repair was to a Common Element or to protect a Common Element (but excluding appurtenant deck and rooftop Limited Common Elements); of the Owner of a Unit if such repair was to protect a unit or appurtenant deck and rooftop Limited Common Elements; provided, however, that if such damage is the result of negligence of the Owner of a Unit, then such Owner shall be financially responsible for all of such damage. Such damage shall be repaired and the property shall be restored substantially to the same condition as existed prior to damage. Amounts owing by Owners pursuant hereto shall be collected by the Association by assessment pursuant to Article XII. No diminution or abatement of annual assessments shall be claimed or allowed for inconvenience or discomfort arising from the making of repairs or improvements or from action taken to comply with any law, ordinance or order of any governmental authority. 5.6 Association's Riqht to Use of Common Elements. The Association shall have a nonexclusive easement to make such use of the General Common Elements and Limited Common Elements as may be necessary or appropriate to perform the duties and functions which it is obligated or permitted to perform pursuant to this Declaration. 5.7 Prohibited Use of General and Limited Common Elements. There shall be no obstruction of the General Common Elements or Limited Common Elements, nor shall anything be stored on any part of the General Common Elements or Limited Common Elements without the prior written consent of the Association, except as specifically provided herein. ARTICLE VI RIGHTS OF DECLARANT 6.1 Amendments to Map. Declarant hereby reserves unto himself and the Association the right, from time to time, without the consent of any Owner being required, to amend the Map and any 7 r.... ~.., #:_~2713f3 1'_12/90 12: T? Rec ~;1f35. 00 Sf ,,)31 PG 961 '1' I)' F' tl'ln Cnty Clerk, Doc $.00 51 Vla aVl!:';, -i .:.... ~ supplements or amendments to the Map, to conform the Map to the actual location of any of the constructed improvements, to establish, vacate and relocate utility easements, access easements and parking spaces, if any, and to establish certain General Common Elements as Limited Common Elements. 6.2 Minor Improvements to proi ect. So long as the Declarant is an owner of a unit, Declarant shall have the right to make minor improvements to the Project, including units which have not been purchased, without seeking approval of the Association or the Owners. Such improvements shall not exceed $10,000.00 and shall be assessed as a special assessment against the units in the manner set forth in Article XII herein. ARTICLE VII CONVEYANCE AND DESCRIPTION OF A CONDOMINIUM UNIT 7.1 Conveyance and Description of a Condominium unit. Every contract, deed, lease, mortgage, deed of trust, will or other instrument affecting title to a Condominium unit may describe that Condominium unit by the number shown on the Condominium Map followed by the words "Pitkin Row Condominiums" with further reference to the Condominium Map and any amendments or supplements thereto filed for record. It shall be sufficient for a unit to be described as follows: Unit ,PITKIN ROW CONDOMINIUMS according to the Condominium Map thereof recorded in Plat Book at Page _ as Reception No. and as further defined and described in the Condominium Declaration recorded in Book _ at Page_ as Reception No. , Pitkin County, Colorado. ARTICLE VIII LIENS AGAINST CONDOMINIUM UNITS 8.1 Mechanic's Lien. No labor performed or materials furnished for use in connection with any unit shall create any rights to file a statement of mechanic's lien against the unit or any other Owner not expressly consenting to or requesting the same or against any interest in the General Common Elements except as to the undivided interest therein appurtenant to the unit of the Owner for whom such labor shall have been performed and such materials shall have been furnished. Each Owner shall indemnify and hold harmless each of the other Owners from and against any liability or loss, including reasonable attorneys' fees, arising from the claim of any lien against the Condominium unit, or any part thereof, or any other Owner or against the General Common Elements or the Limited Common Elements for labor performed or for materials furnished in connection with the first Owner's unit. At the written request of any Owner, the Association shall enforce such indemnity by collecting from the Owner of the unit on which the 8 ,""""" -""., 1t327138 ~~ _ 1.2/90 12: :27 n(~C !t~185. 00 E h31 PG 962 Silvia D(;"';i.s~ Pitkin Cflty Cler'k, Doc ^~~.OO labor was performed and materials furnished the amount necessary to discharge any such lien, including all costs incidental thereto, and obtaining a discharge of the lien. Such collection shall be made by assessment pursuant to Article XII. a. Common Elements Exception. Notwithstanding the foregoing, labor performed or materials furnished for the Common Elements, if duly authorized by the Association in accordance with the Declaration or the Bylaws, shall be deemed to be performed or furnished with the express consent of each Owner and shall be the basis for the filing of a lien pursuant to law against each of the Condominium Units in the Project. b. Discharqe of Individual unit. In the event a lien is effected against all of the Condominium Units, the Owners of the separate Condominium units may remove their Condominium units from the lien by payment of the fractional or proportional amount attributable to each of the Condominium units affected. Individual payment shall be computed by reference to the percentages appearing in this Declaration. Subsequent to payment, discharge or other satisfaction, the Condominium unit shall be released from the lien paid, satisfied or discharged. Partial payment, satisfaction or discharge shall not prevent the lienor from proceeding to enforce his rights against any Condominium unit not so released or discharged. ARTICLE IX SEPARATE TAXATION 9.1 Separate Taxation. Each Condominium Unit shall be deemed to be a separate parcel and shall be subject to separate assessment and taxation by each assessing unit and special district for all types of taxes authorized by law, including ad valorem levies and special assessments. Neither the Building, the Condominium Property nor any use of the General Common Elements shall be deemed to be a parcel. The lien for taxes assessed to any condominium unit shall be confined to that Condominium Unit. No forfeiture or sale of any Condominium unit for delinquent taxes, assessments or other governmental charges shall divest or in any way affect the title to any other Condominium unit. In the event that such taxes or assessments for any year are not separately assessed to each Owner and rather are assessed on the Condominium Property as a whole, each Owner shall pay his proportionate share thereof in accordance with his ownership interest in the Common Elements and, in such event, such taxes or assessment shall be a Common Expense. without limiting the authority of the Association provided for elsewhere herein, the Association shall have the authority to collect from the Owners their proportionate share of taxes or assessments for any year in which taxes are assessed on the Condominium Property as a whole. 9 " ~ ...~ .. 1,"",.--'7 Her: $185.00 L,~31 -"-1"18 10/1~/9U -., ... I !)OC' $.00 lk'.:.{ '.. C" t r] er ' F'itkin ALY ..' ..,", Silvia DaviC;::l, F'G 963 ARTICLE X THE ASSOCIATION 10.1 General Purposes and Power. The Association, on its own behalf or through its Managing Agent, shall perform functions and hold and manage property as provided in this Declaration so as to further the interests of Owners of Condominium units in the Project. It shall have all powers necessary or desirable to effectuate such purposes. The Association may elect three (3) members as defined in section 10.2 below to the Board of Directors to govern its activities. Notwithstanding the foregoing, Declarant or his agent or representative shall, at the Declarant's option, perform the rights, duties and functions of the Board of Directors until the development of the Condominium Property has been com- pleted and until five (5) of the units have been sold or conveyed. 10.2 Membership. The Owner of a Condominium unit shall automatically become a member of the Association. The membership is appurtenant to the Condominium unit of the Owner and the ownership of the membership for a Condominium Unit shall automatically pass with fee simple title to the Condominium unit. The memberships in the Association may not be transferred except in connection with the transfer of a Condominium Unit, and therefore memberships in the Association shall be limited to owners of Condominium units in the Project. Each Owner shall automatically be entitled to the benefits and subject to the burdens relating to the membership for his Condominium unit. If the fee simple title to a Condominium unit is held by more than one (1) person, each owner of a condominium unit shall be a member of the Association but voting of multiple owners of a Condominium unit shall be as specified in the By-Laws of the Association. Fractional voting shall not be permitted. 10.3 votinq of Members. The ownership of each condominium unit, whether held by one (1) person, multiple persons, or by a firm, corporation, partnership, association or other legal entity, or a combination thereof, shall be entitled to one vote. 10.4 Indemnitv. The members of the Association and the directors, officers and employees of the Association, if any, shall not be liable to the Association or the Owners for any mistake of judgment, or any acts or omissions made in good faith by such members, directors, officers or employees. The Association and the Managing Agent may hire and rely upon the advice or opinion of a certified public accountant, attorney or other professional engaged by the Association or the Managing Agent in the pursuit of their duties on behalf of the Owners. The Association and Managing Agent shall not be held liable for any erroneous advice or opinion rendered by such professional. The Owners shall indemnify and hold harmless the Association and the Managing Agent against all contractual liability to others arising out of contracts made by the Association or the Managing Agent on behalf of the Owners unless any such contract shall have been made in bad faith or 10 ,.....1 ~ H32713! ,0/17./90 1".~- co, ;"18'- ,-,,' 1" 6~1 """"- - - ~::. ..::. (" nee:p J. - ....-.-r:.. oJ Silvia Davis, Pitkin Cnty Clerk, Doc $.00 PG 964 contrary to the express provisions of this Declaration. The liability of any Owner arising out of any contract made by the Association or Managing Agent or out of the aforesaid indemnity shall be limited to such proportion of the total liability thereunder as that Owner's percentage interest in the Common Elements bears to the Project. Each agreement for which indemnity is provided hereunder shall have been executed by such persons expressly as agents for the Association. ARTICLE XI CERTAIN RIGHTS AND OBLIGATIONS OF ASSOCIATION 11.1 Maintenance of Common Elements and Buildinq. The Association, subject to the rights of the Owners set forth in Article V hereof, shall be responsible for the exclusive management and control of the General Common Elements and the Limited Common Elements appurtenant to all of the Units and all improvements thereon (including furnishings and equipment if related thereto), and shall keep the same in good, clean, attractive and sanitary condition, order and repair. The Association shall be responsible for the maintenance and repair of exterior surfaces of the Building, including, without limitation, the painting of the same as often as necessary, the replacement of trim and caulking, the maintenance and repair of roofs, the maintenance and repair of other General Common Elements, including utility lines, and Limited Common Elements (but excluding appurtenant deck and rooftop Limited Common Elements), and all other improvements or materials located within or used in connection with the General Common Elements and Limited Common Elements. The cost of such management, operation, maintenance, repair and improvement shall be borne as provided in Article XII. 11.2 Miscellaneous Services. The Association may obtain and pay for the services of any person or entity to act as Managing Agent and to manage the Association's affairs, or any part thereof, to the extent the Association deems advisable, as well as such other personnel as the Association shall determine to be necessary or desirable for the proper operation of the Project, whether such personnel are furnished or employed directly by the Association or by any person or entity with whom or which it contracts. The Association may obtain and pay for legal and accounting services necessary or desirable in connection with the operation of the Project or the enforcement of this Declaration. The Association may arrange with others to furnish lighting, heating, water, trash collection, snow removal, landscaping, sewer service and other common services to each Unit. The cost of such services shall be borne as provided in Article XII. 11.3 Property for Common Use. The Association may acquire and hold for the use and benefit of all of the Owners real property and tangible and intangible personal property and may dispose of the same by sale or otherwise, and the beneficial interest in any such property shall be deemed to be owned by the 11 -,.....-...... '....... 1>327138 1~~12/90 12: 2-;' nee $185. 00 Bf~-631 F'G 965 Silvia Davis, Pitkin Cnty Clerk, Doc $.00 Owners in the same proportion as their respective interests in the Common Elements. Such interest shall not be transferable except with the transfer of a condominium unit. A transfer of a Condominium unit shall transfer to the transferee ownership of the transferor's beneficial interest in such property without any reference thereto. Each Owner may use such property in accordance with the purpose for which it is intended, without hindering or encroaching upon the lawful rights of other Owners. The transfer of title to a Condominium unit under foreclosure shall entitle the purchaser to the interest in such personal property associated with the foreclosed Condominium unit. 11. 4 Rules and Requlations. The Association may make reasonable rules and regulations governing the use of the units and of the General Common Elements and Limited Common Elements, which rules and regulations shall be consistent with the rights and duties established in this Declaration. 11.5 Enforcement. The Association may suspend any Owner's voting rights in the Association during any period or periods during which such Owner fails to comply with such rules and regulations, or with any other obligations of such Owner under this Declaration, the By-Laws and the Articles of Incorporation. The Association may also take judicial action and/or impose monetary fines against any Owner to enforce compliance with such rules, regulations or other obligations or to obtain damages for noncompliance, all to the extent permitted by law. 11.6 Implied Riqhts. The Association may exercise any other right or privilege given to it expressly by this Declaration or by law and every other right or privilege given to it herein or reasonably necessary to effectuate any such right or privilege. 11.7 Attorney-In-Fact. The Association is hereby irrevocably appointed attorney-in-fact for the Owners and each of them to manage, control and deal with the interest of each Owner in the General Common Elements and Limited Common Elements so as to permit the Association to fulfill all of its duties and obligations hereunder and to exercise all of its rights hereunder, to deal with the Project on its destruction or obsolescence as hereinafter provided and to grant utility easements through any portion of the General Common Elements or Limited Common Elements. The acceptance by any person of any interest in any Condominium unit shall constitute an appointment of the Association as attorney-in-fact as provided above and hereinafter. The Association is hereby granted all of the powers necessary to govern, manage, maintain, repair, rebuild, administer and regulate the Project and to perform all of the duties required of it. The acceptance by any person or entity of any interest in any condominium Unit shall constitute an appointment by that person or entity of the Association as attorney-in-fact as above provided. 12 ,~ ~ :~:~Z?l~ 10/12/90 12:2"? Rec '~185.(:"",'m:: 631 F'G 966 olIvIa DavIs, Pitkin ~nty Clerk, Doc $.00 ARTICLE XII ASSESSMENTS 12.1 Aqreement to Pay Assessment. Declarant, for each condomiriium unit owned by it within the project, and as the owner of the Project and every part thereof, hereby covenants, and each Owner of any Condominium unit by the acceptance of a deed therefor, whether or not it be so expressed in the deed, shall be deemed to covenant and agree with each other and with the Association to pay to the Association, annual assessments made by the Association for the purposes provided in this Declaration, and special assessments for capital improvements and other matters as provided in this Declaration. Such assessments shall be fixed, established and collected from time to time in the manner provided in this Article, and by the Articles of Incorporation and By-Laws of the Association. 12.2 Amount of Total Annual Assessment. At least once each year the Association shall estimate the annual budget of Common Expenses and the annual budget for estimated expenses growing out of or connected with the maintenance of the Common Elements (but excluding the appurtenant deck and rooftop Limited Common Elements). Total annual assessments against all Condominium units shall be based upon the estimated budget which shall provide for the payment of all estimated expenses growing out of or connected with the maintenance and operation of the Common Elements or furnishing utility services to the units, which estimates may include, among other things, taxes and special assessments, until the Condominium units are separately assessed as provided herein; premiums for all insurance which the Association is required or permitted to maintain pursuant hereto; common lighting, heating, and water charges; trash collection; snow removal; landscaping; sewer service charges; repairs and maintenance; wages for Association employees; legal and accounting fees; any def ici t remaining ,from a previous period; the creation of a reasonable contingency reserve, surplus and/or sinking fund; and any other expenses and liabilities which may be incurred by the Association for the benefit of the Owners under or by reason of this Declaration (but excluding appurtenant deck and rooftop Limited Common Elements). 12.3 Apportionment of Annual Assessments. Expenses attributable to the Common Elements and to the Project as a whole shall be apportioned among all Owners in proportion to their respective undivided interests in the Common Elements. 12.4 Notice of Annual Assessments and Time for Payment. Annual assessments shall be made on a calendar year basis. The Association shall give written notice to each Owner as to the amount of the annual assessment with respect to his Condominium Unit not less than sixty (60) days prior to the beginning of the next calendar year. Such assessment shall be due and payable in quarterly installments on the first day of each quarter. Each 13 ~ ~, lt3271:3&......,O/12/90 12: 27 Rec $185. OG ,.)< 631 PG 967 Silvia Davis, Pitkin Cnty Clerk, Doc $.00 quarterly assessment shall bear interest at the rate of eighteen percent (18%) per annum or six percent (6%) over the prime rate as of the date of delinquency, whichever is higher, from the date it becomes due and payable if not paid within thirty (30) days after such date and there shall be a late charge in an amount to be determined by the Board of Directors for each month in which an assessment payment is delinquent. Failure of the Association to give timely notice of any assessment as provided herein shall not affect the liability of the Owner of the Condominium unit for such assessment, but the date when payment shall become due in such case shall be deferred to a date thirty (30) days after such notice shall have been given. The failure or delay of the Association to prepare or serve the annual or adjusted budget on the Owners shall not constitute a waiver or release in any manner of the Owner's obligation to pay the maintenance and other costs and necessary reserves, as herein provided, whenever the same shall be determined, and in the absence of any annual budget or adjusted budget, the Owners shall continue to pay the quarterly assessment charges at the then existing quarterly rate established for the previous period until the new annual or adjusted budget shall have been mailed or delivered. The Association may, at its discretion, determine that annual assessments shall be due and payable in equal monthly installments rather than quarterly installments. Notice of such determination shall be mailed to all Owners not less than sixty (60) days prior to the imposition of the monthly assessments. The default in the payment of anyone installment of the annual assessment shall give the Association the right to accelerate through the end of the calendar year the remaining amount of annual assessments due from any unit Owner as immediately due and payable. 12.5 Special Assessments. In addition to the annual assessments authorized by this Article, the Association, subject to the limitations of Section 5.3 above, may levy in any assessment year a special assessment payable over such a period as the Association may determine, for the purpose of defraying, in whole or in part, the cost of any construction or reconstruction, unexpected repair or replacement of the Project or any part thereof, or for any other expenses incurred or to be incurred as provided in this Declaration, including, without limitation, any and all expenses which may be incurred with respect to capital improvements. This section shall not be construed as an independent source of authority for the Association to incur expenses, but shall be construed to prescribe the manner of assessing for expenses authorized by other sections hereof. Any amounts assessed pursuant hereto shall be assessed to Owners in proportion to their respective undivided interest in the Common Elements. Notice in writing of the amount of such special assessments and the time for payment thereof shall be given promptly to the Owners, and no payment shall be due less than thirty (30) days after such notice shall have been given. A special assessment shall bear interest at the rate of eighteen percent (18%) per annum or six percent (6%) over the prime rate as of the date of delinquency, whichever is higher, from the date it 14 .............. r..... lt327138 1c:t/12/90 12: 27 Pee $185.00 m<""<!S31 F'G 968 Silvia Davis, Pitkin Cnty Clerk, Doc $~OO becomes due and payable if not paid within thirty (30) days after such date. 12.6 Lien for Assessments. All sums assessed to any condominium unit pursuant to this Article, together with interest thereon as provided herein, shall be secured by a lien on such Condominium unit in favor of the Association. Such lien shall be superior to all other liens and encumbrances on such condominium unit, except only for: (a) valid tax and special assessment liens on the Condominium unit in favor of any governmental assessing authority; and (b) a lien for all sums unpaid on a first Mortgage, duly recorded in the Pitkin county, Colorado, real estate records, including all unpaid obligatory advances to be made pursuant to such Mortgage and all amounts advanced pursuant to such Mortgage and secured by the lien thereof in accordance with the terms of such instrumeI:1t. All other lienors acquiring liens on any Condominium Unit after this Declaration shall have been recorded in said records shall be deemed to consent that such liens shall be inferior to future liens for assessments, as provided herein, whether or not such consent be specifically set forth in the instruments creating such liens. To evidence a lien for sums assessed pursuant to this Article, the Association may prepare a written notice of lien setting forth the amount of the assessment, the date due, the amount remaining unpaid, the name of the Owner of the Condominium unit and a description of the condominium unit. Such a notice shall be signed by the Association and may be recorded in the office of the County Clerk and Recorder of Pitkin county, Colorado. No notice of lien shall be recorded until there is a delinquency in payment of the assessment. Such lien may be enforced by judicial foreclosure by the Association in the same manner in which mortgages on real property may be foreclosed in Colorado. In any such foreclosure, the Owner shall be required to pay the costs and expenses of such proceeding, the costs and expenses of filing the notice of lien and all reasonable attorneys' fees. All such costs and expenses shall be secured by the lien being foreclosed. The Owner shall also be required to pay to the Association any assessments against the Condominium unit which shall become due during the period of foreclosure. The Association shall have the right and power to bid at the foreclosure sale or other legal sale and to acquire, hold, convey, lease, rent, encumber, use and otherwise deal with the same as the Owner thereof. A release of notice of lien shall be executed by the Association and recorded in the Pitkin County, Colorado, real estate records, upon payment of all sums secured by a lien which has been made the subject of a recorded notice of lien. Any encumbrancer holding a lien on a Condominium unit may pay, but shall not be required to pay, any amounts secur.ed by the lien created by this section, and upon such payment such encumbrancer shall be subrogated to all rights of the Association with respect to such lien, including priority. 12.7 Personal Obliqation of Owner. The amount of any annual or special assessment against any Condominium unit shall be the personal obligation of the Owner thereof to the Association. 15 /''''' - . " _ 631 P13 969 ~ ....,. ~-:o f:'.:ec ~tI18~. UC "l 1I327138"-.t'0/12/9,') t:,'.".;.. tv'.. Cl.er'k, n,'l",./$.OO -'lVl' " l)~).vj c;, Flt.kln ...n. ~.:>l . c:' c. ..- suit to recover a money judgment for such personal obligation, including the costs and attorneys' fees incurred by the Association ~n the prosecution thereof, shall be maintainable by the Association without foreclosing or waiving the lien securing the same. No Owner may avoid or diminish any personal obligation by waiver of the use and enjoyment of any of the Common Elements or by abandonment of his Condominium unit. 12.8 statement of Account. Upon payment of a reasonable fee, not to exceed Twenty-Five and No/IOO Dollars ($25.00), and upon written request of any Owner or any Mortgagee, prospective Mortgagee or prospective purchaser of a Condominium Unit, the Association shall issue a written statement setting forth the amount of the unpaid assessments, if any, with respect to such Condominium unit; the amount of the current yearly assessment and the date that such assessment becomes or became due; credit for advanced payment or prepaid items, including but not limited to, an Owner's share of prepaid insurance premiums; and such statement shall be conclusive upon the Association in favor of personS who rely thereon in good faith. Unless such request for a statement of account shall be complied with within ten (10) days, unless such request is made by an Owner, all unpaid assessments which became due prior to the date of making such request shall be subordinate to the lien or other interest of the party requesting such state- ment. Where a prospective purchaser makes such request, both the lien for such unpaid assessment and the personal obligations of the purchaser (but not the seller) shall be released automatically if the statement is not furnished within said ten-day period provided if, thereafter, an additional written request is made by such purchaser and is not complied with within ten (10) days, and the purchaser subsequently acquires the Condominium unit. The provisions set forth in this section shall not apply to the initial sales and conveyances of units made by Declarant, and such sale shall be free from common expenses to the date of conveyance made or to a date as agreed upon by Declarant and Declarant's grantee. 12.9 Association Reserves. The Association may require an Owner, other than Declarant, to deposit with the Association an amount not exceeding the amount of the original estimated annual assessment, which sum shall be held by the Association as a reserve to be used for paying such Owner I s annual assessment and for working capital, This deposit shall not accrue any interest for the benefit of the Owner. Such an advance payment shall not relieve an Owner from making the regular payment of the annual assessment as the same comes due. On the transfer of his Condominium unit, an Owner shall be entitled to a credit from his transferee for any unused portion thereof. Such reserves shall, at all times, remain as capital of the Association. 16 ,......, ~ _ 1" "~ Pee $185.nO Bl 131 ,u.-~"71.38 11)712/9<) ,.'.:." ,-- '-0 ''''on th.."- C t Cl ed, De "" - 8'1' Davis Pitki.n "n y -, '" , l. Vla ., 'r"" PG 970 ARTICLE XIII USE OF CONDOMINIUM UNITS 13.1 Residential. Each Unit shall residential purposes only, and no trade or business be carried on therein. Lease or rental of a Unit residential purposes shall not be considered to be this covenant. be used for of any kind may for lodging or a violation of 13.2 Prohibition of certain Activities. Nothing shall be done or kept in any condominium Unit or in the General Common Elements or Limited Common Elements or any part thereof which would result in the cancellation of the insurance on the Project or any part thereof or which would result in an increase in the rate of the insurance on the project or any part thereof over what the Association, but for such activity, would pay, without the prior written consent of the Association. Nothing shall be done or kept in any Condominium Unit or in the General Common Elements or the Limited Common Elements or any part thereof which would be in violation of any statute, rule, ordinance, regulation, permit or other validly imposed requirement of any governmental body. 13.3 Pets. The Association may by rules and regulations prohibit or limit the raising, breeding or keeping of animals in any Unit or on the Common Elements or any part thereof. 13.4 Maintenance of Interior. interior of his unit, including, but walls, windows, glass, ceilings, floors appurtenances thereto, in a clean, condition and good state of repair. Each Owner shall keep the not limited to, interior and permanent fixtures and sanitary and attractive 13.5 Maintenance of Residential Common Elements. Each Owner of a condominium Unit shall maintain and repair any internal installation such as water, light, gas, power, sewer, telephone, garbage disposals, doors, windows, lamps and accessories, as well as all fixtures and appliances, whether the same are Common Elements or not, located within such Owner's Unit and including appurtenant deck and rooftop Limited Common Elements. 13.6 Rules and Requlations. No Owner shall violate the rules and regulations for use of the Condominium Units and of the General Common Elements or the Limited Common Elements as adopted from time to time by the Association. 13.7 Alterations. No structural alterations to any Condominium Unit or Limited Common Element shall be made, and no plumbing, electrical or similar work within the Common Elements (but excluding appurtenant deck and rooftop Limited Common Elements) shall be done, by any Owner without the prior written consent of the Association. 17 '1"""'~1"'8 ,......,/1"'/9.. 1'" - ,,",, ..t,~.':"f..~): .,,,;,, () ..::.:2(Rec:!t;!85.00"-./631 SIlvIa D~('t;'tis, Pi.t.kin Cnty Cler'k, Doc $,,00 F'G 971 13.8 Easements. The following easements shall be appurtenant to each Condominium unit: a. Owner's Easements for Access. Each Owner shall have a nonexclusive easement for access between his Condominium unit and the roads and streets adjacent to the Project and the roads, streets and driveways in the Project, over and on the lobby, halls, corridors, stairs, walks, and exterior access and other easements which are part of the General Common Elements. b. Easements Deemed Appurtenant. The easements, uses and rights herein created for an Owner shall be appurtenant to the condominium unit of that Owner; and all conveyances of and other instruments affecting title to a Condominium unit shall be deemed to grant and reserve the easements, uses and rights as are provided for herein, even though no specific reference to such easements, uses and rights appear in any such conveyance. 13.9 Mortqaqinq a Condominium unit -- prioritv. Any Owner shall have the right from time to time to mortgage or encumber his Condominium unit by deed of trust, mortgage or other security instrument. The Owner of a condominium unit may create junior mortgages (junior to the lien, deed of trust or other encumbrance of the first mortgagee) on his Condominium unit on the following conditions: (1) that any such junior mortgages shall always be subordinate to all of the terms, conditions, covenants, restrictions, uses, limitations, obligations, liens for common expenses and other obligations created by this Declaration, the Articles, the By-laws and rules and regulations promulgated thereunder, and (2) that the mortgagee under any junior mortgage shall release for the purpose of restoration of any improvements on the mortgaged premises all of his right, title and interest in and to the proceeds under all insurance policies effected and placed on the project by the Association. Such release shall be furnished forthwith by a junior mortgagee on written request of the Managing Agent or one (1) or more of the Board of Directors of the Association, and if not furnished, may be executed by the Association as attorney-in-fact for such junior mortgagee. ARTICLE XIV INSURANCE 14.1 Tvpes of Insurance. The Association shall obtain and keep in full force and effect at all times the following l.nsurance coverage provided by companies duly authorized to do business in Colorado. The provisions of this Article shall not be construed to limit the power or authority of the Association to obtain and maintain insurance coverage, in addition to any insurance coverage required hereunder, in such amounts and in such forms as the Association may deem appropriate from time to time. a. Casualtv Insurance. The Association shall obtain and maintain casualty insurance on the Common Elements of the Project 18 "...., "'" ,1*:3271'3'0 10/12/90 12: 27 Rec $185. od Bf< b~~ Silvia Davis, Pitkin Cnty Clerk, Doc ..uu PG 972 in such amounts as shall provide for full replacement thereof in the event of damage or destruction from the casualty against which such insurance is obtained, all in the manner and with such coverage as an Owner of similar buildings in the vicinity of the Project would, in the exercise of prudent business judgment, obtain. Such insurance shall include fire and extended coverage, vandalism and malicious mischief, and such other risks and hazards against which the Association shall deem it appropriate to provide insurance protection. The Association may comply with the above requirements by the purchase of blanket coverage and may elect such deductible provisions as in the Association's opinion are consistent with good business practice. The adequacy of such insurance in relation to full replacement value shall be reviewed at least annually by the Association. If available at a reasonable premium, the insurance policy shall contain an inflation guard endorsement that automatically increases the amount of coverage by a fixed percentage at least annually. b. Public Liability and Property Damaqe Insurance. The Association shall purchase broad form comprehensive public liability and property damage insurance coverage in such amounts and in such forms as it deems advisable to provide adequate protection. Coverage shall include without limitation, liability for personal injuries, operation of automobiles on behalf of the Association, and activities in connection with the ownership, operation, maintenance and other use of the Project. c. Workmen's Compensation and Emplover' s Liability Insurance. The Association shall purchase workmen's compensation and employer's liability insurance and all other similar insurance in respect to employees of the Association in the amounts and in the forms now or hereafter required by law. d. Fidelity Insurance. The Association may, but shall not be required to, purchase, in such amounts and in such forms as it shall deem appropriate, coverage against dishonesty of employees, destruction or disappearance of money or securities and forgery. e. Other. The Association may obtain additional insurance against such other risks, of a similar or dissimilar nature, and in such amounts as it shall deem appropriate with respect to the Project, including but not limited to any personal property of the Association located thereon. 14.2 Form. Casualty insurance shall be carried in a form or forms naming the Association the insured, as trustee for the Owners and for Declarant, whether or not he is an Owner, which policy or policies shall specify the interest of each Condominium unit Owner (Owner's name, unit number, the appurtenant undivided interest in the Common Elements), and which policy or policies shall provide a standard, noncontributory mortgagee clause in favor of each first Mortgagee which from time to time shall give notice to the Association of such first Mortgage. Each policy also shall . 19 " ~, H32713B 1'''''...12/90 12:27 nee $185.00 B~~...".)31 PG q73 Silvia Davis, Pitkin Cnty Clerk, Doc $.00 provide that it cannot be cancelled by either the insured or the insurance company until after thirty (30) days prior written notice is first given to each Owner, to Declarant and to each first Mortgagee. The Association shall furnish to each Owner a true copy of such policy together with a certificate identifying the interest of the Owner. All policies of insurance shall provide that insurance thereunder shall be invalidated or suspended only in respect to the interest of any particular Owner guilty of breach of warranty, act, omission, negligence or noncompliance with any provision of such policy, including payment of the insurance premium applicable to that Owner's interest, or who permits or fails to prevent the happening of any event, whether occurring before or after a loss, which under the provisions of such policy would otherwise invalidate or suspend the entire policy. All policies of insurance shall also provide that the insurance under any such policy, as to the interest of all other insured Owners not guilty of any such act of omission, shall not be invalidated or suspended and shall remain in full force and effect. All policies of physical damage insurance shall contain waivers of subrogation and of any defense based on co-insurance. Public liability and property damage insurance shall name the Association the insured, as trustee for the Owners and for Declarant, whether or not it is an Owner, and shall protect each Owner and Declarant against liability for acts of the Association in connection with the ownership, operation, maintenance or other use of the Project. 14.3 Owner's Insurance. Notwithstanding the provisions of section 14.1 hereof, each Owner may obtain insurance at his own expense providing coverage upon his Condominium unit, his personal property, for his personal liability, and covering such other risks as he may deem appropriate, but each such policy shall provide that it does not diminish the insurance policies which the Association obtains pursuant to this Article. In addition, each Owner shall provide his own insurance to cover fixtures, installations or additions comprising a part of the Building within the interior surfaces of the perimeter walls, floors and ceilings of his individual unit, whether initially installed or replaced, including but not limited to inside walls, kitchen cabinets and appliances, floor and wall coverings, blinds and window shades, bathroom tiles, tub, shower, toilet, bathroom cabinets and jacuzzi tubs. All such insurance of the Owner's Condominium unit shall waive the insurance company's right of subrogation against the Association, and other Owners, and the servants, agents or guests of any of them, if such insurance can be obtained in the normal practice without additional premium charge for the waiver of rights of subrogation. 14.4 Proceeds. The Association shall receive the proceeds of any casualty insurance payments received under policies obtained and maintained pursuant to this Article. To the extent that reconstruction is required herein, the proceeds shall be used for such purposes. To the extent that reconstruction is not required herein and there is a determination that the Project shall not be rebuilt, the proceeds shall be distributed in the same 20 ~t32713rO/l2/90 12~ 27 nee (fi185. 00 "): 631 Silvia'r1avis, F.'it.kj,n Cnty Cler'k, D~ $.00 PG 974 manner herein provided in the event of sale of obsolete Units, as set forth in Section 16.3. 14.5 Owner Increased Premium. In the event that, as a consequence of the hazardous use of any Condominium Unit, or of any owner-installed improvements to any Condominium Unit, the premiums of any policy of insurance purchased by the Association are increased, or special policy is required, the cost of such increase or specific policy shall be payable by the Owner of such Condominium unit. ARTICLE XV DAMAGE OR DESTRUCTION 15.1 Affects Title. Title to each Condominium unit is hereby made subject to the terms and conditions hereof, which bind the Declarant and all subsequent Owners, whether or not it be so expressed in the deed by which any Owner acquired his Condominium Unit. 15.2 Association as Aqent. All of the Owners irrevocably constitute and appoint the Association their true and lawful agent in their name, place and stead for the purpose of dealing with the project upon its damage or destruction as hereinafter provided. Acceptance by any grantee of a deed from the Declarant or from any Owner shall constitute appointment of the attorney-in-fact herein provided. 15.3 General Authoritv of Association. As attorney-in- fact, the Association shall have full and complete authorization, right and power to make, execute and deliver any contract, deed, or other instrument with respect to the interest of a Condominium unit Owner which may be necessary or appropriate to exercise the powers herein granted. Repair and reconstruction of the improvements as used in the succeeding subparagraphs mean restoring the Project to substantially the same condition in which it existed prior to damage, with each unit and the General Common Elements and Limited Common Elements having substantially the same vertical and horizontal boundaries as before. The proceeds of any insurance collected shall be available to the Association for the purpose of repair or reconstruction unless the Owners and all first Mortgagees unanimously agree not to rebuild in accordance with the provision set forth hereinafter. In the event any Mortgagee should not agree not to rebuild, the Association shall have the option to purchase such Mortgage by payment in full of the amount secured thereby if the Owners are in unanimous agreement not to rebuild. The Association shall obtain the funds for such purpose by special assessments under Article XII of this Declaration. 15.4 Estimate of Costs. As soon as possible after an event causing damage to, or destruction of, any part of the project, the Association shall obtain estimates that it deems 21 ,.... ... ~t327138 1(;)]:2/90 12:27 Rec ~t>l85.00 BV".-..t<$l PG 975 , ' D' F' tl J Cn'ty Clerk, Doc $.00 Sllvla aViS, ~'i .<'.n reliable and complete of the costs of repair or reconstruction of that part of the Project damaged or destroyed. 15.5 Repair or Reconstruction. As soon as possible after rece~v~ng these estimates, the Association shall diligently pursue to completion the repair or reconstruction of the part of the Project damaged or destroyed. The Association may take all necessary or appropriate action to effect repair or reconstruction, as attorney-in-fact for the Owners, and no consent or other action by any Owner shall be necessary in connection therewith. Such repair or reconstruction shall be in accordance with the original plans and specifications of the Project or may be in accordance with any other plans and specifications the Association may approve, provided that in such latter event the number of cubic feet and the number of square feet of any unit may not vary by more than five percent (5%) from the number of cubic feet and the number of square feet for such Unit as originally constructed pursuant to such original plans and specifications, and the location of the Building shall be substantially the same as prior to damage or destruction. 15.6 Funds for Reconstruction. The proceeds of any insurance collected shall be available to the Association for the purpose of repair or reconstruction. If the proceeds of the insurance are insufficient to pay the estimated or actual cost of such repair or reconstruction, the Association, pursuant to Article XII hereof, may levy in advance a special assessment sufficient to provide funds to pay such estimated or actual costs of repair or reconstruction. Such special assessment shall be allocated and collected as provided in section 12.5. Further levies may be made in like manner if the amounts collected prove insufficient to complete the repair or reconstruction. 15.7 Disbursement of Funds for Repair or Reconstruction. The insurance proceeds held by the Association and the amounts received from the assessments provided for in Section 15.6 con- stitute a fund for the payment of cost of repair and reconstruction after casualty. It shall be deemed that the first money disbursed in payment for cost of repair or reconstruction shall be made from insurance proceeds; if there is a balance after payment of all costs of such repair or reconstruction, such balance shall be distributed to the Owners in proportion to the contributions each Owner made pursuant to the assessments the Association made under section 12.5 of this Declaration. 15.8 Decision Not to Rebuild. If all Owners and all holders of first Mortgages on Condominium Units agree not to rebuild, as provided herein, the Project shall be sold and the proceeds distributed in the same manner herein provided in the event of sale of obsolete Units, as set forth in Article XVI and said sale shall be free and clear of the provisions of this Declaration and condominium Map and the By-Laws of the Association. 22 - """'I 631 PG 976 :1~~W~?-:"l-~ 10/12/'70 12: 27 Rec $lB5. c)(' ;< ,',"'.-. -.....,- '] " 1>.<- $.00 C']" Davis. Pit.kin ClOt.y C"e."-,..., -- ...:>l.V.la . ARTICLE XVI OBSOLESCENCE 16.1 Adoption of a Plan. A majority of the unit Owners may agree that the Project is obsolete and adopt a written plan for the renewal and reconstruction of the Project, which plan has the unanimous approval of all first Mortgagees of record at the time of the adoption of such plan. written notice of adoption of such a plan shall have been given to all Owners. Such plan shall be recorded in the Pitkin County, Colorado, real estate records. 16.2 Payment for Renewal and Reconstruction. The expense of renewal or reconstruction shall be payable by all of the Owners as special assessments against their respective condominium units. These special assessments shall be levied in advance pursuant to Article XII hereof and shall be allocated and collected as provided in that Article. Further levies may be made in like manner if the amounts collected prove insufficient to complete the renewal and reconstruction. 16.3 Sale of Obsolete units. A majority of the Owners may agree that the Condominium units are obsolete and that the Project should be sold. Such an agreement must have the unanimous approval of every first Mortgagee of record at the time such agreement is made. In such instance the Association shall forthwith record a notice setting forth such fact or facts, and upon the recording of such notice by the Association, the Project shall be sold by the Association as attorney-in-fact for all of the Owners free and clear of the provisions contained in this Declara- tion, the Condominium Map and the By-Laws of the Association. The proceeds of sale shall be apportioned among the Owners in propor- tion to their respective undivided interest in the Common Elements, and such apportioned proceeds shall be paid into separate accounts, each such account representing one (1) Condominium unit. Each such account shall remain in the name of the Association, and shall be further identified by the Condominium unit designation and the name of the Owner. From each separate account the Association, as attorney-in-fact, shall use and disburse the total amount of such accounts without contribution from one account to the other, first to lienors in the order of priority of their liens and the balance remaining to each respective Owner. 16.4 Distribution of Excess. In the event the amounts collected pursuant to section 16.2 are in excess of the amounts required for renewal and reconstruction, the excess shall be returned to the Owners by the Association by a distribution to each Owner in an amount proportionate to the respective amount collected from each such Owner. 23 ~ ~, 't'I/12/90 12:27 F.:ec $1.85.00 I....__,,;6:~ #327138 ' ' F'itkin Cnty Clerk, Doc '.UU Silvia Davis, F'G 977 ARTICLE XVII CONDEMNATION 17.1 Consequences of Condemnation. If at any time during the continuance of the Condominium ownership pursuant to this Declaration, all or any part of the project shall be taken or con- demned by any public authority or sold or otherwise disposed of in lieu of or in avoidance thereof, the following provisions of this Article shall apply. 17.2 Proceeds. All compensation, damages or other pro- ceeds therefrom, the sum of which is hereinafter called the "Con- demnation Award," shall be payable to the Association. 17.3 Complete Takinq. In the event that the entire Pro- ject is taken or condemned, or sold or otherwise disposed of in lieu of or in avoidance thereof, the Condominium ownership pursuant hereto shall terminate. The Condemnation Award shall be appor- tioned among the Owners on the same basis as each Owner's percen- tage interest in the Common Elements, provided that if a standard different from the value of the Project as a whole is employed as the measure of the Condemnation Award in the negotiation, judicial decree or otherwise, then in determining such shares, the same standard shall be employed to the extent it is relevant and applic- able and such shares shall be paid into separate accounts and disbursed as soon as practicable in the same manner provided in section 17.4 hereof. 17.4 Partial Takinq. In the event that less than the entire Project is taken or condemned, or sold or otherwise disposed of in lieu of or in avoidance thereof, the Condominium ownership hereunder shall not terminate. Each Owner shall be entitled to a share of the Condemnation Award to be determined in the following manner: As soon as practicable the Association shall, reasonably and in good faith, allocate the Condemnation Award between compen- sation, damages or other proceeds, and shall apportion the amounts so allocated among the Owners, as follows: (a) the total amount allocated to the taking or injury to the Common Elements shall be apportioned among the Owners on the basis of each Owner's percent- age interest in the Common Elements, (b) the total amount allocated to severance damages shall be apportioned to those condominium Units which were not taken or condemned, (c) the respective amounts allocated to the taking of or injury to a particular unit and to improvements an Owner has made within his own unit shall be appor- tioned to the particular unit involved, and (d) the total amount allocated to consequential damages and any other takings or injuries shall be apportioned as the Association determines to be equitable in the circumstances. If an allocation of the Condemna- tion Award is already established in negotiation, judicial decree, or otherwise, then in allocating the Condemnation Award the Associ- ation shall employ such allocation to the extent it is relevant and applicable. Distribution of apportioned proceeds shall be dis- 24 -- ~ ".~"'~l:'\'l 1(:/12/90 12:27 Rec $1[35.00 BK 3~ PG 978 ",,;).", "-" - I' D ~'()" Silvia Davis, Pitkin Cn'l:y Cler-':., DC ). -- bursed as soon as practicable by checks payable jointly to the respective Owners and their respective Mortgagees. 17.5 Reorqanization. In the event a partial taking results in the taking of a complete Unit, the Owner thereof automatically shall cease to be a member of the Association. Thereafter, the Association shall reallocate the ownership, voting rights, and assessment ration determined in accordance with this Declaration in proportion to the interests of remaining Owners in the Common Elements adjusted to one hundred percent (100%) and this Declaration shall then be amended in accordance with such reallocation. ARTICLE XVIII REVOCATION OR AMENDMENT TO DECLARATION 18.1 Revocation. This Declaration shall not be revoked unless all of the Owners (as reflected in the real estate records of Pitkin County, Colorado) and all first Mortgagees appearing in such records and covering or affecting any or all of the Condominium Units, consent and agree to such revocation by instruments duly recorded. 18.2 Amendment. Any provision contained in this Declaration may be amended or additional provisions may be added to this Declaration by the recording of a written instrument or instruments specifying the amendment or addition in the office of the Clerk and Recorder of the county of Pitkin, Colorado, of a majority of the Owners and a majority of the first Mortgagees whose liens encumber the interests of those majority owners, provided, however, (i) so long as Declarant owns one (1) or more Condominium units which he is holding for rental or sale, or for five (5) years from the date of recordation of this Declaration, whichever date is later, no right of Declarant contained in this Declaration may be amended or modified without the consent of Declarant, and (ii) the percentage of the undivided interest in the Common Elements appurtenant to each Unit shall not be amended or altered without the unanimous consent of all of the Owners and first Mortgagees. The consent of any junior Mortgagees shall not be required under the provisions of this paragraph. The Association shall, at least thirty (30) days prior to the effective date of any amendment to this Declaration notify all first Mortgagees of record and the Owners of such amendment. The Association may, without the consent of the Owners or Mortgagees, make technical amendments to this Declaration when it finds that such amendments are in the best interests of all of the Owners. Technical amendments shall mean, for the purposes of this section 18.2, amendments which clarify or amplify the provisions of this Declaration and which do not adversely affect the rights or interests of any Owner. 25 - ~'"" Itcl27J.38 lO/:r.........-90 l2: 2,' Rec $185.00 Bf< 6""""'PG 979 Silvia Davis, Pitkin Cnty Clerk, Doc ..00 ARTICLE XIX MISCELLANEOUS 19.1 Compliance with provisions of Declaration and Articles of Incorporation and By-Laws of the Association. Each Owner shall comply with the provisions of this Declaration, the Articles of Incorporation, By-Laws and Rules and Regulations of the Association, and decisions and resolutions of the Association adopted pursuant thereto as the same may be lawfully amended from time to time. Failure to comply with any of the same shall be grounds for an action to recover sums due, damages or injunctive relief or both, costs and expenses of such proceeding and all reasonable attorneys' fees. Such action shall be maintainable by the Association on behalf of the Owners. 19.2 Reqistration of Mailinq Address: Notices. Each Owner shall register his mailing address with the Association and all notices, requests or demands intended to be served upon any Owner and except for budget statements, notices of meetings and other routine notices, such notices shall be sent by either registered or certified mail, postage prepaid, addressed in the name of the Owner at such registered mailing address. Unless otherwise provided herein, budget statements, notices of meetings and other routine mail may be sent by regular mail, postage prepaid, addressed in the name of the Owner at such registered mailing address. Any notice referred to in this Article shall be deemed delivered three (3) days after deposit in the united States mail in the form provided for herein. 19.3 Owner's Obliqations Continue. All obligations of the Owner under and by virtue of the provisions contained in this Declaration shall continue, notwithstanding that he may have conveyed, leased or rented said interest as provided herein, but the Owner of a Condominium unit shall have no obligation for expenses or other obligations accruing after he conveys such Condominium unit. 19.4 Limited Liability. Neither Declarant, the Association, the Board of Directors, or Officers of the Association, nor any member, agent, or employee of any of the same shall be liable to any party for any action or for any failure to act with respect to any matter if the action taken or failure to act was in good faith and without malice. Acts taken upon the advice of legal counsel, certified public accountants, registered or licensed engineers, architects or surveyors shall conclusively be deemed to be in good faith and without malice. Nor shall any Director of the Association be liable to the Association or its members for monetary damages for breach of fiduciary duty. without limiting the generality of the foregoing, the Board of Directors, Officers of the Association, and the Declarant, and each of them, shall not be liable for any failure of any services to be obtained and paid for by the Association hereunder, or for any injury or damage to person or property caused by the elements or by another 26 "". ~t:J271 ~38 10/1-. . 90 :I. 2 ~ 27 nee: 1; 1 F35.. 00 81< 6......""'" F'G Silvia Davis, Pitkin Cnty Clerk, Doc $.00 r, 980 Owner or person in the project, or damage from electricity, water, rain, snow, or ice which may leak or flow from outside or from any part of the Building, or from any of its pipes, drains, conduits, appliances, or equipment or from any other place, unless caused by gross negligence of the Board of Directors, Officers of the Association, or the Declarant, as the case may be. No diminution or abatement of regular assessments shall be claimed or allowed for inconvenience or discomfort arising from the making of repairs or improvements to the Common Elements or from any action taken to comply with any law, ordinance, or order of a governmental authority. 19.5 Interpretation of the Covenants. Except for judicial construction, the Association, by its Board, shall have the exclusive right to construe and interpret the provisions of this Declaration. In the absence of any adjudication to the contrary by a court of competent jurisdiction, the Association's construction or interpretation of the provisions hereof shall be final, conclusive and binding as to all persons and property benefitted or bound by this Declaration and provisions hereof. The provisions of this Declaration shall be liberally construed to effectuate its purpose of creating a uniform plan for the development, operation and maintenance of pitkin Row Condominiums. 19.6 Claims Reqardinq Declarant. The Association, Owners, Mortgagees or any other person with standing to bring such claim shall have a period of two (2) years from the date the Declarant turns over the control of the Association to the unit Owners as provided in section 3.8 of the By-Laws within which to assert by legal action or otherwise any claim, demand, cause of action or lawsuit against Declarant with regard to the condominium Property however arising and for whatever cause or reason whatsoever. Nothing herein shall be construed to limit, impair, diminish or bar any claim by the Association, Owners, Mortgagee, Declarant or any other person with standing to bring such claim to assert by legal proceedings or otherwise any claim, demand, cause of action or lawsuit against any engineer, architect, contractor, subcontractor, supplier, materialman or other person involved in the design, installation, manufacture, assembly, construction, operation, maintenance, repair or replacement of the Condominium Property. 19.7 Failure of Board of Directors to Insist on strict Performance. The failure of the Board of Directors to insist, in anyone or more instances, upon strict performance of any of the terms, covenants, conditions, or restrictions of this Declaration, or to exercise any right or option herein contained, or to serve any notice or to institute any action, shall not be construed as a waiver or a relinquishment with respect to the future enforcement of such term, covenant, condition, or restriction, but such term, covenant, condition, or restriction shall remain in full force and effect. The inactivity of the Board of Directors after receipt by anyone of them of any charge from any Owner with knowledge of the breach of any covenant, term, condition, or restriction hereof 27 ,"'... -'\ t.t3271.:3~,1.O/J.2/90 12: 27 F,ec $185. <X-/r': 631 Silvia Davis, Pitkin Cnty Clerk, Doc $.00 F'G 981 shall not be deemed a waiver of such breach, and no waiver by the Board of Directors of any provision hereof shall be deemed to have been made unless expressed in writing and signed by the Board of Directors. 19.8 Transfer of Declarant I s Riqhts. interests reserved hereby to the Declarant may be assigned by the Declarant. Any rights or transferred or 19.9 Amplification. The provisions of this Declaration are to be amplified by the Articles of Incorporation and By-Laws of the Association; PROVIDED, HOWEVER, that no such amplification shall sUbstantially alter or amend any of the rights or obligations of the Owners set forth herein. If there should be any conflict among the provisions of this Declaration, the Articles or the By- Laws, the provisions of this Declaration shall control. 19.10 Sales Activity. Declarant may conduct sales activity on the Condominium Property including, but not limited to, the showing of Units by Declarant or any sales agents, maintaining a sales or management office or conducting promotional or marketing events or activities. Declarant may also maintain signs advertising Pitkin Row condominiums. 19.11 Disclaimer. No representations or warranties of any kind, express or implied, have been given or made by Declarant, or its agents or employees, in connection with Pitkin Row Condominiums, or any portion thereof, or any improvement thereon, its physical condition, zoning, compliance with applicable laws, fitness or intended use or operation, cost of maintenance or taxes except as expressly set forth in this Declaration or except as set forth in any Disclosure Statement required to be given under applicable rules of the Colorado Real Estate Commission. 19.12 severability. If any of the provisions of this Declaration or any paragraph, sentence, clause, or phrase, or the application thereof, shall in any circumstances, be invalidated, such invalidity shall not affect the validity of the remainder of the Declaration. 19.13 statute. The provisions of this Declaration shall be in addition and supplemental to the Condominium Ownership Act of the State of Colorado and to all other provisions of law at this time duly enacted and in force and effect. 19.14 Number and Gender. Whenever used herein, unless the context shall otherwise provide, the singular shall include the plural, the plural the singular and the use of any gender shall include all genders. 19.15 section Headinqs. The section or Article headings are for convenience or reference only and are not intended to limit, enlarge, change or otherwise affect the content, meaning, or intent of this Declaration or any section or provision hereof. 28 ,...... tl'327138",,0/12/90 12:27 Rec $1.85.00,-,'-( 631 PG 982 Silvia Davis, Pitkin Cnty Clerk, Doc $.00 19.16 Colorado Law. The interpretation, enforcement or any other matters relative to this Declaration shall be construed and determined in accordance with the laws of the state of Colorado. IN WITNESS WHEREOF, this PITKIN'} ROar CONDOMINIUMS is (L t<-' , 1990. Condominium Declaration executed this l,x for the day of DECLARANT: 57, INC., a Colorado _.~..::=;.;. ~-=- orporation --,-,. ~n H. Tl.ngle, Vice-President (Corporate Seal) ASPEN CONSOLIDATED VENTURE CORP., a Colorado corporation ~ aron H";' Tingle, Vice-President (Corporate Seal) STATE OF COLORADO ) ) SS. ) COUNTY OF PITKIN ~he fo~egoing instrument was acknowledged before me this ~~4'~ day, OJ! V, r,)e---~,V- ,1990, by Sharon H. Tingle as Vice- ,R;esia~bt~~f 57, Inc., a Colorado corporation. -...-.. , r) T tol? \, L. , . . ''''''~ ;WrTNESS my hand and official seal .: '..";o,q"., . ': ,0.,', ,.','---6," . '-.. ~," ',,, L\ C:....t1y commission expires: .... <: ....... ~.. :'l~C, ,-~. , ~' r:.. ~, f 29 - ""''',...... . 1*327138 10"'~f2/90 12: 27 F(ec $185.00 Sf,:: "edl F'G 983 Silvia Davis, Pitkin Cnty Clerk, Doc $~OO STATE OF COLORADO SS. COUNTY OF PITKIN The f~go~n~ln~trument was acknowledged before me this ~~-\ day of ~~~/~ ,1990, by Sharon H. Tingle as Vice- President of Aspen Consolidated Venture Corp., a Colorado corporation. 1\IE /;'" WITNESS my hand and official seal "I. I", , C(;:;;;> ;j/.....T:;>~:>tx,cO~i""ion .:~;:;g-~' T'~" .. ,:\\() .li/l)"c' -' - '^- L---- ~ "' . ) . ..---- ! -~ , '\: i ' ... ';, ! (' . - /"-' C C : ~...~ U C L;j C/-:. No ary Public ----- _ '1':1.... ,.....l.. " '(-" ". ' "" Cr"~'~, C chm\cp\pitknro2.dec 30 . '''''\ lr"\ '?-:> F\~C: $185..00 ~",~ib3~ '1~~~13B 10/12/90 ~:kC' t- Cler~ Doc $.OU ,',.-, 'PitlH\ n y . . '" Silvia DaviS, . r."", F'G 984 EXHIBIT A Lots 1 through 3, CBS SUbdivision, according to the Plat thereof recorded November 9, 1988 in Plat Book 21 at Page 88 as Reception No. 305789, together with Fractional Lot M, Block North of Block 104 in and to the city and Townsite of Aspen, lying Southerly and Westerly of Lot 12, Block 28, East Aspen Additional Townsite, County of pitkin, State of Colorado. Also described as: Fractional parts of Lots 10, 11, 12 and all of Lots 13, 14, 15 and 16, Block 28, East Aspen Additional Townsite and Fractional Lots K, Land M, Block North of Block 104, city and Townsite of Aspen, County of Pitkin, State of Colorado. ,,, / .., . W:'l2713t?10/12/90 12: 27 Rec $185. 0(1'-.4< 63~ PG qa5 F'l'tl-,'l',n Cnty Clerk, Doc $.Ou Silvia Davis, EXHIBIT B 1. Any and all unpaid taxes and assessments and any unredeemed tax sales. 2. The effect of inclusions in any general or specific water conservancy, fire protection, soil conservation or other district or inclusion in any water service or street improvement area. 3. Right of way for ditches or canals constructed by the authority of the unites states, as reserved in united states Patent recorded August 29, 1958 in Book 185 at Page 69 as Reception No. 106874. 4. The full free and perpetual right to dig, work, search for, mine and remove all ore and mineral bearing rock and earth underneath as set forth in document recorded June 26, 1891 in Book 98 at Page 571 as Reception No. 41956, document recorded September 9, 1891 in Book 105 at Page 129 as Reception No. 43654 and document recorded December 30, 1892 in Book 106 at Page 482 as Reception No. 50599. 5. Easements and restrictions as set forth on the Plat of CBS Subdivision recorded November 9, 1988 in Plat Book 21 at Page 88 as Reception No. 305789. 6. Terms, conditions, obligations and restrictions as set forth in Subdivision Improvements Agreement for CBS Subdivision recorded November 09, 1988 in Book 578 at Page 90 as Reception No. 305790. 7. Easements and restrictions as set forth on the Condominium Map for Pitkin Row Condominiums recorded /6- jJ. -l)Q in Plat Book 2J~ at Page il-/-/7 as Reception No. 'Y:~I 137 . 8. Terms, conditions, obligations and restrictions as set forth in the Condominium Declaration for Pitkin Row Condominiums recorded 10"' d- -C<j O. in Book b -l, I at Page Of~c' as Reception No. .3 J 1 J '33'. c:\avh\ms\57except. . ",.~ :; #327138. 12/90 12:27 Rec $185.00 E 31 PG 986 Silvia nri'vis, Pitkin Cnty CIEn--k, Doc"'. .00 . EXHIBIT C unit Percentage in and to Common Elements 1 2 3 4 5 6 16.63 15.84 17 .94 17.94 15.56 16.09 t -,-",~-,,,-,,-_,,,_,,,,'~"'~-'''~----'-'--'''''''-----~''.~'''-'- ,1"It I LAND USE APPLICATION FOR SUBDIVISION EXEMPTION FOR CONDOMINIUMIZATION OF PITKIN ROW CONDOMINIUMS ..... .1 f j I. LAND USE APPLICATION FORM - " . ATrAOlMENl' 1 lAND USE APP.LICATICN FUBM . - - 1) 2) Project NaIIE Project IDeation pitkin Row Condcrniniums 704-20 East Hopkins Avenue, Aspen, CO; lDts 10-16, Block 28. East AflJ?f'n Aililirinnrll 'I'nwn"it-p (indicate street address, lot & block IUIIliJer, legal description Where awropriate) 3) Present Zoning 0 - Office 4) J.Dt Size 21.000 sa.ft. 5) Jlrplicant's NaIIE, l\d:D:ess & Fhale j '17 r Tn". ;mil ARpPn rnm,nl iilFlt-P<'! Vpnt-l1rF' f'DrP.. C/O Sharon Ti~lF'. P.O. Rox 'i17Q, ARpPn, nn Rlh17' Q?'i-<4?? 6) Representative's NaIIE, l\d:D:ess & Fhale j Catherine H. McMahon, Garfield & Hecht, P.C., 601 East Hyman Avenue, Aspen, Colorado 81611; !J25-1936 7) Type of Jlrplication (please dleck all tJ;1at awly): Corrlitional Use _ O:noeptual SPA Final SPA O:noeptual Historic ~. _ Special Review Final Historic ~. 8040 Greenline _ O:noeptual RID Minor Historic ~. .\ _ stream Mal:gin Final RID Historic Demolition M:xmtain view Plane Subdivision ' _ Historic Designation -.lL Corrlaniniumization _ Text;Map Auoliallut:..t _ Gn> AllobIent _Gn>~ _ J.Dt SplitjIDt Line Mjusbnent 8) Description of awroxiJoate sq. property) . Exi.stinq Uses (J"I...n..r am type of existi.nq sb:uct:uJ:es; ft.; p-'" of b.ch.~; any previous ~ granted to the The three newly constructed duplex buildings each contain tv,u three-bedroan units, each unit totalling approximately 3,400 - 3,900 square feet, including the garage areas. On October 10, 1988, the City Council approved the Final Plat for CBS Subdivision, which was recorded in Plat Book 21 at Page 88 as Reception ** 9) Description of Devel"l-"""'.t 1\{:pl.icaticn The applicant seeks a sutdivision exanption for the condcrniniumization of the three tv,u-story duplex buildings. 10) Have yaI attached the follc::1<iin:J? ~ ~lSe to AttactmIent 2, Mi.ninlm Snhni"""i<n O:xrt:.ents ~ RespcI1Se to AttadJment 3, SJ:>"<'if'ic Snhni -ion O:xrt:.ents ~ ~lSe to AttadJment 4, Review stamaros for YaIr Jlrplication **305789 on NOvember 9, 1988. ,.. .. II. LETTER OF APPLICATION . " ... .. ( ,QK:tober 24, 1989 Aspen Planning & Zoning commission Members 130 South Galena Street Aspen, Colorado 81611 RE: Development Application for SUbdivision Exemption for Condominiumization of Pitkin Row Condominiums Dear Commission Members: Enclosed are three (3) copies of Development Application together with $830.00 to cover the processing fee. address is: the above-captioned a check in the amount of The applicant's name and 57, Inc. and Aspen Consolidated Venture Corp. c/o Sharon Tingle P.O. Box 5179 Aspen, Colorado 81612 925-3422 The applicant's representative authorized to act on his behalf is: Catherine H. McMahon Garfield & Hecht, P.C. 601 East Hyman Avenue Aspen, Colorado 925-1936 Please schedule the Development Application on the City Counsel's consent agenda on the earliest possible date. PITKIN ROW CONDOMINIUMS ., - ~ ;;;;;::: <, ::=.straron T~gle '. ~ '-- III. STREET ADDRESS AND LEGAL DESCRIPTION OF THE PROPERTY " ) , --- STREET ADDRESS PITKIN ROW CONDOMINIUMS 704-20 East Hopkins Avenue Aspen, Colorado 81611 LEGAL DESCRIPTION Fractional parts of Lots 10, 11 and 12 and all of Lots 13, 14, 15 and 16, Block 28, East Aspen Additional Townsite, and Fractional Lots K, L and M, Block North of Block 104, city and Townsite of Aspen, County of Pitkin, State of Colorado. \ IV. DISCLOSURE OF OWNERSHIP OF PROPERTY -,.. t'- r& :~ ~ ,,~ ...::...: ~Q j l"~ ~ ll. ( '";l I!- ~ ~ ~ '" LtJ W ..... ,.....-----, >- ~ ! LX :::E 0) , ~ I~ ~ ~ CI) 5,...":\" 700 BOOK t~ l, PAGE JIIII3' , 'j) -'? <'1 Recorded atJ r' ? o'clock M ':> - - Reception No"" . \ 1 , SILVIA DAVIS PITKIN COUNTY RECORDER WARRANTY DEED ,.; ~ THIS DEED made this 3- day of March, 1988, between ARCHIE McGILL, of the County of Somerset, State of New Jersey, grantor, and 57, INC., A COLORAl)p CORIW.MTJON, whose legal address is C./cS,,~u.. hU<CLt , \6'Uhr"'lt'It-'/I~..tcoldr1i(fc), , County of ~f'''''1J , State of Colorado, grantees: WITNESSETH That the grantor, for and in consideration of the sum of Ten Dollars ($10,00) and other good and valuable consider- ation, the receipt and sufficiency of which is hereby acknowledg- ed, has granted, bargained, sold, and conveyed, and by these presents does grant, bargain, sell, convey and confirm, unto the grantees, their heirs and assigns forever, all the real property together with improvements, if any, situate, lying and being in the County of pitkin, State of Colorado, described as follows: A fractional part of Lot 12, and all of Lots 13, 14, 15, and 16, Block 28, EAST ASPEN ADDITIONAL TOWNSITE, County of pitkin, state of Colorado, TOGETHER with all and singular the hereditaments and appurten- ances thereto belonging or in anywise appertaining, and the reversion and reversions, remainder and remainders, rents, issues and profits thereof, and all the estate, right, title, interest, claim and demand whatsoever of the grantor, ei ther in law or equity, of, in and to the above bargained premises, with the hereditaments and appurtenances. TO HAVE AND TO HOLD the said premises above bargained and described, with the appurtenances, unto the grantees, their heirs ~ and assigns forever, And the grantor, for himself, his heirs and personal representatives, does covenant, grant, bargain and agree to and with the grantees, their heirs and assigns, that at the time of the ensealing and delivery of these presents, he is well seized of the premises above conveyed, has good, sure, perfect, absolute and indefeasible estate of inheritance, in law, in fee simple, and has good right, full power and lawful authority to grant, bargain, sell and convey the same in manner and form as aforesaid, and that the same are free and clear from all former and other grants, bargains, sales, liens, taxes, assessments, encumbrances and restrictions of whatever kind or nature soever, except the following exceptions: 1. General taxes for 1988 due and payable in 1989. 2. The effect of inclusion of subject property in any general or specific water conservancy, fire protection, soil conservat- ion or other district or inclusion in any water service or street improvement area, or other special taxing district. 3, Rights of way as reserved in United states Patent recorded in Book 185 at Page 69. ALL DOCUMENTS RECORDED IN PITKIN COUNTY, COLORADO 1 c' , A' "" !Ii)' 558 ~',Jj BOOK PAGE 701 The grantor shall and will WARRANT AND FOREVER DEFEND the above-bargained premises in the quiet and peaceable possession of the grantees, their heirs and assigns, against all and every person or persons lawfully claiming the whole or any part there- of. The singular number shall include the plural, the plural the singular and the use of any gender shall be applicable to all genders, IN WITNESS WHEREOF, the grantor has executed this date set forth above. 1\'l.Q\\ e I't\t GJ <( ,......., IN\-; ( ARCHIE McGI IN FACT, BR the STATE OF COLORADO ) ) ss. COUNTY OF PITKIN ) The foregoing document this ~ day of March, FACT FOR ARCHIE McGILL. was acknowledged and sworn to before me 1988, by BROOKE A. PETERSON, ATTORNEY IN My commission expires: Witness my hand and official seal. II-S-ff h] /"'~ /~ ~oJJ..' e--- ~/I-- ( ~ - /~"'~"~~(,:' . Notary Public .;: (',::"u ". ,~ 0: .>~:r' ~~ ;<_ ....., A'U'-l'V -" ",', v"......... ",,1- '0 I' , 1./"'1' 2 , '- !~, (P 1J t/ }-J 93 f Recorded at o'clock .M. Reception No. Recorder RECORDING REQUESTED BY: WHEN RECORDED RETURN TO: Catherine H. McMahon, Esq. Garfield & Hecht, P.C. 601 East Hyman Avenue Aspen, Colorado 81611 '7-$J?,/93 BARGAIN AND SALE DEED Archie McGill, of the County of Somerset, state of New Jersey, for TEN DOLLARS ($10.00) and other good and valuable considerations, in hand paid, hereby sells and conveys to 57, Inc., a Colorado corporation, whose address is c/o Sharon Tingle, P. o. Box 5179, Aspen, Colorado 81612 the following real property in the County of Pitkin, State of Colorado, to wit: The fractional Lot M, in and to the city and Townsite of Aspen, southerly and westerly of Lot 12, Block 28, East Aspen Additional Townsite, with all its appurtenances. SIGNED this ;r~d~day Of~'~ Archie McGill STATE OF /JCLUJi:R.S~ 1tI. ) COUNTY OF Jf.t.lS) ss> /) ~-tL The foregoing Special Warranty Deed was acknowledged this ~~ day of September, 1989, by ARCHIE MCGILL. WITNESS my hand and official seal, My commission expires: ~aJiW..l.w(~ Notary Public NATALIE R. McCABE NOT A~ Jlf1BlIC OF NEW JERSEY My Commission Expires 0<1. 30, 1992 I \ 1;_11 '~",-- ~ ,~, lil!' *~ :..-...... Rl'cCrlinnNl"_f Rrl'llldcd ~l--"--":' Rl'cnrdff I' , , " ,,""-" . il""7 ';,'~ I.:'" ',/11 SJ j: ,,'dl>d.~M. Ii ii <~l ;':'1 'J "J , WARRANTY I)EEI) BOOK 5GU OA,[629 57i' TillS IJEF:n, Madcthi, \b~ I" APRIL- 1988 . between HOPKINS AVENUE ASSOCIATES a L imi ted rarlllcr~hirdul~' tlf!::lIlill'd lUld ni,linl' ulltkr and t1y ,-irlUc nl till'; hl\\~ III the SI;llc {If Colorado . III th,'liT'! pml. and ASPEN CONSOLIDATED VENTUt;tE CORP. \\'h(l,clc~aladdlc"I,OOI'il .\.V<ZS-lVt<"t.'b.... /15fltt..,~co ~I{.,I~A Colorado Corporat~on) ,(lrlh(' (llunt~l1l P,-4~J, alltlSl:llcol CJ(it~1f_(c. ... oflhclcnllldrar1: Rt'cClrdcr'"Slarnp WITNESS[TJI. Thlllrhc ,;lid p,uly nllhe tirll r:nl. to. :md in Cl,",jlkwrilllll" lhl'lllm nl Ten Dollars ($lD.DD) and other good and valuable consideration--------PU""AR., , <~I ........~I \:1 "II I 'I if):: ~, I", i '.1' II I Illlhl: ~cnll1t1 fl:II1.lhl'rcccirl 1:1'11\l'~1'~1It1 ...~ 111l'~1> rr(,~(,IlI~ her ;: ~ hcit~:lr() tlll;l1ltl.,itu,ltl..~n~lmtlt>cinfin en ~CI' c.o ni" z< Fractional Part of Lots 10 and 11, ~~ Block 28, ~ ~~ EAST ASPEN ADDITIONAL TOWNSITE; __ g~ and Fractional Lots K and L, =-::: == Block ~orth of Block 104, gg l: II SUBJECT TO: U.S. Patent reservations recorded in Soak 105 at Page 69; mineral ii' rights and reservations as set forth in documents recorded in Book 98 at Page 571, I in Book 105 at Page 129, and in Book 106 at Page 482; .nd existing month-to-month " tenancies. al,(1 kmlwn u, Mrcc! amI numher IlIlhcsuidrurt)'flflhc lir,r ran inhHntlr:litlhYlhc ':Iidrllfo/ wherellf is herd'y l'l1l1fOSI'1I lmu 1,ddJl1\\ Inl~nL h.l' ~r;lI1lnl. duc, ('rilnl. hilTf:!in. ,cll.C{1n\I'~ :mdl-'1I1IjltIlU11l,'lhl' s,liJ rarl Y 115Si!,l1sfntC'\'{'T.allnlthcfulll1llingdl',cri"nllc11 11rp.ul'd Ihe CI,unlY nt Pi tk i n amI SI:I1<' I.t ('"Iuradll, ":H~lIil1"tl. ~"ltl :llld 1,llhl' ".:nmdp"ll. Itll\it: 0::: to N c II i TO(;ETIIER \\1111 1111 and ~ingtllallhc hcrl'lhlam"IlI~ amlaprllrtcn1rlJCt;, tll\'rt;Ullh' "dnn!!ing. I'r in 1lllYllilt; aprcl1ainillg, und Ihe fC\'er~;(ln Ilr 'e\'er~ion~, ft;rnainder~, renll, illll"l nnd rWfih Ih"'R'''!: amllll1lh...eIWI", ri~llI. lilk, inl\'T"'~1. d:.illl antI dcnmnd "IHlt~(lel'er (If Ihe ~ltid party \lllhe lir~1 p.lrl, eilhn in 111" Ilr equily, "I, in 1lOU III Ill\' a"III'" h<lr~3in...d prclllilcl, \Iilh Ihe hncdil,lIlll'nl~ and arrUrlcn3l11'e~ TO IIArlo: Af'IlU TO 1101.1) lhe ~a;d rrl'rni~l'~ :lh(lII' "ar~<lin...d ,mil dl'luihnl, lIilh Ihl' arrUl11'nam.:CI, until lhl' ~aid r:'" y IIflhclel'llI1dr11lt, her hl'il,:mlla~li!!nllnrl'\-er. Al1d Ihe laid Hoptkins Avenue Associates, rally III the liNpal1. IllrillelL and ils ~Ucce"(lr~, d,>c~ Cn\en1mt, grant. h:lrgain tlrnl ;'fret; It, lIllOl "ith 111l' 'l,id pan Y "flhc ~ecl,"d pan, her heir, :md a"i!!m, Ih:lt :.llhe lime Ill' Ihe enlcuring and ddilery Ill' Ihese plc~enll il i~ well sei7ed "f thl' pre111i~e~ :thoh' ("lll"yell. ,I' ,.r;l glll'I!. ,\Ill'. [1I..rll'l'l. ahllltllle 01l1d inddc:I,i"k ell..IC 01 inheritance, ill 1:\\\ . in Il-e ~ill1rlc. :lIld hal ~\l(ld ri~hl. lull r1mrr :mtl1:111 lut :tUth".il~ hI film!. t>,t1~llin. 'clI ;11I11 r(lll\'e~ Ihl' ':lllle in manner :mt! fllrm af'lllc,aitl, and thalli1\' ~:"I1l' arl' tree 1md lkal !rom allloTl1\a ,11111 otho ~l:lnt" h:lr!!"inl, 'lllc~. lin", 1:I'l.e~. al~e~'llIcnl, lIIld in{'ul11"ratlCC~llll\hatl'\'Cr"im!(lrnallllC'IIl'\l'f: except taxes for the current_year. a_n~ burd~!l..?~_of special assessment districts; r'r.lCL!:1IE1n!,~:Y and rhc abo\"c "ar!!llillnll'rcmiw~ in the' IluicI 1111.' I'c,Kl'l1bk P""l'"j"n ,,'" Ih.. ,,,id rail y P:lrl her hl'il':lI1da"i"I", :t!!llin'lllllanrll'\ny p.:r"'lIllt Ihe whnk III any ll:n1Ihcrcof', the ",id pan~ nlrl1l' 1i,-r rart lhall :II1d \1 ill \\'ARRAN'I AND HlIU'.\lR DI-J-I:ND .1'\: \\TI'NESS WII[RHU:. Th,' ,..it! r:tr1y lit Ihe Jiflt rarl h..~(al"cd ir, n;mll' hI he hell'Unln ~uh'l"I'illetl hy' a Gcncr..ll'artnn, tlll'day;,,,dycarlirstllhtllc\\rittct1 [ APR 6 1988 J CoO .00"llhC ~non" B B:~h rIes T. C~l/'~l Jan' e s. Co l1ns, ,ij General partner) CANADA " By rrovince of Aller~E__...____ ich Gass an, a General Partner ""..""., ,~"""" .""'""."...".,......,,, 'i ."" i!It 111-88~_ h\ __J1J_~bae,~oL1.lnS.... ---i\----.--Jp------ -aC------B;I(-lillll',III'.llhl.'r,,1 __itt,. ----,.-h~\JeJ~.Yc~ ~::"S--ll1.. " :5_ ,._~umiute 1'.1I11Kl1Inf> MIIUmlll1"lltlll\l'll" fJ' . I \\"",,,,,,,h,,,,,I,,,,,,,,,,,,,,,,,,,, C~L EhlL ~ Barrister. SoHcttor. Notary '2200, 250 - fith Avenue S.W. Calgary, Alberta, T2P 3H7 ~,~lJ ~. ;t:lIl'rllll't1,k.' (Please turn over) ., V. VICINITY MAP --~~ , .--------'- / ;, ~, .a' ) ~j~\\ ,:';S~;,' , ..:,-~:, "," '::,:';;'~, , 'il''l, ,~> " I"~ ,:- it. ':.:~;f. '~\-.. "1."1.1 :. :~". 'iW, :' VI. EXPLANATION OF PROPOSED DEVELOPMENT COMPLIANCE ,) .... , -- A. INTRODUCTION This Application seeks a subdivision exemption for the condominiumization of three newly constructed two-story duplex buildings located at 704-20 East Hopkins Avenue in Aspen to be known as pitkin Row Condominiums. Each building contains two three-bedroom units, each with a two-car attached garage and additional paved outdoor parking space for two cars. A site plan of the project is submitted herewith and a final condominium map will be submitted and recorded upon approval of the Application. Each unit contains approximately 3,400 3,900 square feet, including the garage area. B. CONDOMINIUMIZATION OF RESIDENTIAL UNITS 1. Code Reouirements. section 7-1008(A) of the Aspen Land Use Code ("Code") provides that the condominiumization of an existing development shall be reviewed and approved as a subdivision exemption pursuant to the following review standards: a. section 7-1008(A) (1) (a) requires that existing tenants of units to be condominiumized be given written notice of when their unit will be offered for sale and the sale price. b. section 7-1008(A) (1) (b) provides that the minimum lease period of all condominiumized residential units in the Office (0) zone district be restricted to six (6) month minimum leases, with no more than two (2) shorter tenancies per year, where specified criteria are not met. c. section 7-1008(A) (1) (c) provides that owners of new condominiumized residential dwelling units be subject to an affordable housing impact fee to offset the impact on the availability of affordable housing in the community where affordable housing has not been provided or where the property is not permanently restricted for sale or rental to qualified employees as defined in the City's housing guidelines. d. section 7-1008(A) (1) (d) provides that the proposed condominium be inspected by the Building Department, with a primary focus on fire, health and safety conditions. 2. Review Standards. a. Purchase riqhts of existino tenants. Since this is a newly-constructed project with no existing tenants, this Code requirement is not applicable. Accordingly, it is not necessary that the application include evidence that tenants be provided notice and the right to purchase a unit . '-' to be condominiumized as 1008 (B) (2) (c) (1) of the Code. required by section 7- b. Minimum lease allowed. Pitkin Row Condominiums will be restricted by agreement between the applicant and the City of Aspen to six (6) month minimum leases, with no more than two (2) shorter tenancies per year. This agreement will be duly recorded in the real estate records of Pitkin County to ensure compliance with the lease restriction and evidences the applicant's compliance with the minimum lease requirements of the Code as required by section 7-1008(B) (2) (c) (2). c. Affordable housinq impact fee. At the time the condominium plat is filed, the applicant agrees to pay the impact fee of $8,050.00 per unit, or a total of $48,300.00, as required for three-bedroom dwelling units by section 7- 1008(A) (1) (c) (3). The applicant's payment of the fee demonstrates that any adverse impact on affordable housing has been mitigated as required by section 7-1008(B) (2) (c) (3). d. Buildinq inspection. The project has complied with all required inspections by the Building Department throughout the construction process and will be subject to a final inspection pursuant to the issuance of a certificate of Occupancy. C. CONCLUSION since the applicant agrees to satisfy all of the review criteria prior to condominiumization, the subdivision exemption for the condominiumization of Pitkin Row Condominiums should be approved. Copies of the proposed Articles of Incorporation, By- Laws and Condominium Declaration of the Pitkin Row Condominium Association, Inc. are submitted herewith. Respectfully submitted, GARFIELD & HECHT, P.C. /) Ii ' --...., / .)~ BY: C~.,('l!JJA.C, ,cU .ry, } 1L.(,JIU~j Catherine H. McMahon, attorney for Pitkin Row Condominiums c:\chm\lu\pitkinro.ap2 ~'" . .. VII. PRE-APPLICATION CONFERENCE SUMMARY r-- CITY OF ASPEN PRE-APPLICATION CONFERENCE SUMMARY PROJECTfy;+~ KOG-J- APPLICANT'S REPRESENTATIVE:J.( tD..A:A., Y\\( 1~C1Y\ REPRESENTATIVE'S PHONE: 5 - ) g :3 ( Q OWNER'S NAMQ,--td<',f'\ ~I...A.) ~()Y'\r~C)mi 1l~~\V'A () S"'-N"- l5 --:t--=rnc)- SUMMARY , ,., , 1. Type of Application: C'Ov-.C\C\\In;Y1h"'^)"2-.(.L-b;QY\ '- 2. Describe action/type of development being requested: ~~YY\'IY\" "Y'.\01<l2- CJi l JY\ ~+S - Y\~\~ ('~~()r~& I ~l)h ri \ J :~.; on Q,.y <P/YVI rt'}OT) 3. Areas is which Applicant has been requested to respond, types of reports requested: Policy Area/ Referral Aqent Comments ~W~iY\j ....Q;~'I\ (' 0(';--'(( '2- ~ 4. Review is: (P&Z Only) (CC Public Hearing: ~ (P&Z then to CC) 5. 6. Number of copies of the application to be submitted: ~~ '"2 submi t: ~) + (1:) -r 5() -= 7. What fee was applicant requested to 8. Anticipated date of submission: '. frm.pre_app ~ ....., "" ......) MEMORANDUM TO: City Engineer Housing Director FROM: Leslie Lamont, Planning Office RE: pitkin Row Subdivision Exemption for Condominiumization DATE: November 7, 1989 ---------------------------------------------------------------- ---------------------------------------------------------------- Attached for your review and comments is an application submitted by Catherine McMahon on behalf of her clients, 57, Inc. and Aspen Consolidated Venture Corporation, requesting approval for condominiumization of 704/720 East Hopkins Avenue. Please review this material and return your comments to me no later than November 20, 1989. Thank you. ~ - ,."'^'. - ASPEN/PITKIN PLANNING OFFICE 130 S. Galena street Aspen, Colorado 81611 (303) 920-5090 November 8, 1989 Catherine McMahon Garfield & Hecht 601 East Hyman Ave. Aspen, CO 81611 RE: Pitkin Row Subdivision Exemption Dear Catherine, This is to inform you that the Planning Office has completed its preliminary review of the captioned application. We have determined that this application is complete. We have scheduled this application for review by the city Council on Monday, December 11, 1989 at a meeting to begin at 5:30 pm. The Friday before the meeting date, we will call to inform you that a copy of the memo pertaining to your application is available at the Planning Office. If you have any questions, please call Leslie Lamont, the planner assigned to your case. Sincerely, Debbie Skehan Administrative Assistant ,.,.." v o GARfIELD & HECHT, P,C. RONALD GARFIELD" ANDREW V. HECHT.. WlLUAM K. GUEST, P.C. ... ROBERT E, KENDIG ATTORNEYS AT LAW VICTORIAN SQUARE BUILDING 601 EAST HYMAN AVENUE ASPEN, COLORADO 81611 TELEPHONE (303) 925-1936 TELECOPIER (303) 925-3008 JANE ELLEN HAMILTON CATHERINE H. McMAHON.... .11Io 8dmi1llld 10 New Yod; Bar .'"alsoadmittedto District or Columbia Bar "~IOMlmincd 10 Nebrub DId nUl Bar October 24, 1989 ....aIIoMtmittedto ? ~ DtinoiIBar HAND DELIVERY Aspen/Pitkin Planning Office 130 South Galena Street Aspen, CO 81611 RE: Development Application for Subdivision Exemption for Condominiumization of pitkin Row Condominiums Dear Planning Office Members: Enclosed are three (3) copies of the above-captioned Development Application, together with a copy of the site Plan and copies of the condominium documents. Also enclosed is a check in the amount of $830.00 to cover the processing fee. Please schedule the Development Application on the city council's consent agenda on the earliest possible date. Thank you. Sincerely yours, GARFIELD & HECHT, P.C. .7~~~ Catherine H. McMahon CHM/km Enclosure REFERRAL FEES: 00125 -63340-205 ENVIRONMENTAL HEALTH &'0--0, tJ U 00123 -63340- 190 ' HOUSING 00115 -63340- 163 ENGINEERING 5C('l, r)T) SUBTOTAL County 00113 -63160-126 GMP/GENERAL -63170- 127 GMP/DETAILED -63180-128 GMP/FINAL -63190-129 SUB/GENERAL -63200-130 SUB/DETAILED -63210-131 SUB/FINAL -63220-132 ALL 2-STEP APPLICATIONS -63230-133 ALL 1-STEP APPLICATIONS! CONSENT AGENDA ITEMS -63450- 1 46 BOARD OF ADJUSTMENT REFERRAL FEES: 00125 -63340-205 ENVIRONMENTAL HEALTH 00123 -63340-190 HOUSING 00113 -63360-143 ENGINEERING PLANNING OFFICE SALES 00113 -63080-122 CITY/COUNTY CODE -63090-123 COMP, PLAN -63140-124 COPY FEES -69000-145 OTHER SUBTOTAL I TOTAL 'i\ 30 , "1.1 I ~ Address: ",-J I Check # J Additional billing: ASPEf':!/PITKIN PLANNING OFFICE 130 South Galena Street Aspen, Colorado 81611 (303) 920-5090 LAND USE APPLICATION FEES CI.y 00113 -63250-134 -63270- 1 36 -63280-137 -63300- 1 39 -63310-140 -63320-141 GMP/CONCEPTUAL GMP/FINAL SUB/CONCEPTUAL SU B/FI NAL ALL 2-STEP APPLICATIONS ALL I-STEP APPLICATIONS! CONSENT AGENDA ITEMS / l1-/:1 - S'J .:::foo , Q ()