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HomeMy WebLinkAboutcoa.lu.ec.DurantMallCondo.44-83 FILe' . . . CASELOAD SUMMARY SHEET City of Aspen No. ,t-/;..f -g'3 Staff: ~~~ . .;0. ) PROJECT NAME: /;JLU'dt1[ 7l7.l.Lf: ('r17~drJ17UJ//'--'7'Y7/~/Z/U~ APPLICANT: 13eIH'J1, /tJlf) t20.dtJ{'//17Z..~ Phone: REPRESENTATIVE' A,v,frj! ;!IM.{~ Ph"" 'l;;.'Oc/Zt20 TYPE OF APPLICATION: ~e1~<9 (Fee) 1. GMP/SUBDIVISION/PUD (4 step) 1. Conceptual Submission 2. Pre1 iminary P1'at 3. Final Plat II. SUBDIVISION/PUD (4 step) 1. Conceptual Submission 2. Preliminary Plat 3. Final Plat ($1,840) ($1,,120) ($ 560) ~ III. EXCEPTION/EXEMPTION/REZONING (2 step) IV. SPECIAL REVIEW (1 step) ($1,290) ($ 830) ($ 560) ($1,010) ($ 465) 1. Special Review 2. Use Determination 3. Conditional Use REFERRALS: Date Referred: g'?--Iff --'i?.3 LAttorney ~Engineering Dept. / Housing Sanitation District School District Mountain Bell Rocky Mtn. Nat.Gas Parks State Hgwy. Dept. Holy Cross Electric Fire Chief Fire Marshall/Building Dept. Other Water City E1ectri c , FI NAL ROUT! NG: Date Routed: ~ttorney /Building Engineering Other " ,_.,->-~------'---- , "- /, (, , \i () , \ \, , " " ')'.', \"},' , ;' -r,,;s~," .' ' , r' ' ;\ \ [tQ 0) L. n " \ !~o I,~ J", /' ,:, \ \ i t / .:' . DISPOSIT!ON: CITY P&Z REVIEW: f .~ r I. ',. ' \, w,I;J ,,' . , ; . (A,+- 0\"1' (,.)~~ '(' :r V'i"\' 0, (l I e\' 'K.: I{~_, (It.,.\ f'\\JQO i (J" e\:- f,~,~.,;l ...... /"!("L."r:".' '"-;1 ff(..(j,i '. (\\,:,~\,,~c I' ,,'" -H-\6 {:), ; or -Ol'o+1i '9+-.. Q,v I , '\ .:.' i ( '_' I ! (j ,I !~) () \. . '\ ",' \ ":~, 1) ',\ ,,) C 501; yo, I . \ . (:' ,I. 1 :.0 (U '. \ f." 'J <:,.-:... oe"MlIf~ RtV..J:EW. . ~. . t: '. ~" - elf', \ \~ r .:-1" .'fc..... ",\ ,-l , Y\,Q " n 1,,\) \) \'\ \ '7~ ',\ , . " :SJI...(;' ';:: . ,.I. ,'r--; -...;' ~ . - / i If, ,.-J~'''--'L L,' ,~"., -,-)"'.; -- .......:~- J 'i \ :,' _, . . ,',.' J '\, I,. __ I, (-'c_: ..Id .1_ j'l '._'..' 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MEMORANDUM TO: Bill Drueding Kim Johnson, Planning Office~ Durant Mall Condominium Insubstantial Plat Amendment FROM: RE: DATE: February 9, 1990 ----------------------------------------------------------------- ----------------------------------------------------------------- SUMMARY: The applicant wishes to amend the 1984 Durant Mall plat to reflect the consolidation of three residential units (D,E, and F) into one larger unit (D.) This plat amendment process follows direction from Cindy Houben, see Attachment "A". FINDINGS: In 1984, 8 residential condominium units (A-H) were subdivided from Unit R. A Second Supplemental Condominium Map for the Durant Mall was filed at that time. The proposed map amendment (Attachment "B") does not affect the original condominium's declaration of covenants. Pursuant to Sec. 7-804.E., this project qualifies for insubstantial amendment: a) The combination of units does not change the use or character of the Project. b) The combination does not result in an increase in the overall coverage of structures on the land. c) The combination does not increase trip generation rates for the Project or the demand for pUblic facilities. d) The combination will not reduce any of the approved open space for this Project. e) The combination will not reduce off-street parking and loading spaces. f) The combination will not reduce required pavement widths or rights-of-way for streets and easements for the Project. g) The combination will not result in an increase of approved gross leasable floor area of commercial buildings in the Project. h) The combination will not result in an increase by greater than one percent in the approved residential density of the Project. REFERRALS: Elyse Elliott in Engineering has reviewed the revised plat dated 1/18/90 and is satisfied with its contents. ATTACHMENTS: "A" - 8/11/88 letter from Arthur Daily to Cindy Houben "B" - Plat amendment dated 1/18/90 .. ."" /,..~ RECOMMENDATION: Staff recommends that the Planning Director approve the Insubstantial Plat Amendment for the Durant Mall residential condominiums. I hereby approve the above Insubstantial Plat Amendment for the Durant Mall Resi ntial Condominiums. Director 2 ...." MEMO TO FILE 3/28/90 RE: Durant Mall Condominiumization - Close of File From: Kim Johnson, Planner The Amended Plat for the Durant Mall Condominiums was filed on 3/20/90 by the County Clerk on page 6, book 24. That's All Folks! ,,-',.. ........'., -~ .. A.ugust 11, 1989 Cindy Houben City/County Planning Dept. 130 South Galena Aspen, Colorado 81611 Re: Combination of Durant Mall Condo Units D, E and F Dear Cindy: AS you and I have several times discussed, Gerald Seay pro~ poses to combine Residential Condominiu~ Units D, F, and F, The Durant Mall (a Condominium), each of which is a one-bedroom unit, into a single three-bedroom Residential Condominium Unit. The necessary written consent of the Board of Managers of The Durant Mall Condominium A.ssnciation, Ltd. was obtained on December 17, 1987. You will recall that on November 16, 1987 you advised me that ~he Durant Mall Condominium Map does not have to be formally amended untd the rem.)deling is completed. In this way, the amendment can reflect as-built dimensions and features. You reconfirmed this position to me thrs morning. You also informed me this morning that under Section 7- 1007(A) of the City's new Land Use Regulations, Mr. Seay must obtain the Planning Director's authorization to the effect that such map amendment will constitute an "insubstantial amendment ... which has no effect on the conditions and represen- tations limiting the approved plat". Please consider this letter a request that Alan Richman issue such authorization. As you pointed out, the only pertinent condition or repre- sentation appears to be that the subject units are "restricted to 6 month minimum le3ses with no more than 2 shorter t~nancies per calendar year". The pro~osed map amendment will obviously have no effect un this restriction. "'-""- .. Cindy Houben August 11, 1988 Page 2 If you or Alan encounter any obstacles to issuing the neces- sary authorization, please get in touch with me immediately. Sincerely, , ,'. 0 r- .'. ....- <""'" ~' ,/.. '- ',' .' , !\rthur C. Daily of HOLLAND & HART ACD/jg cc: Mr. Gerald Seay - l CONS&~T OF BOARD OF MANAGERS OF THE DURANT MALL CONDOMINIUM ASSOCIATION, LTD. The undersigned hereby certify as follows: 1. They are two of the three members of the Board of Man- agers of The Durant Mall Condominium Association, Ltd., a Colorado nonprofit corporation, entitled to vote with respect to the subject matter hereof (the third Board member, Gerald Seay, abstaining because of his personal interest in said subject mat- ter) . 2. The following resolutions are consented to by the . undersigned as such Managers as and for their ace and the act of the corporation: RESOLVED, that the proposed combination of Residential Condominium Units D, E and F, The Durant Mall (a Condominium), into a single Residential Condominium Unit to be known as Unit D (thereby eliminating Units E and F eneirely), and ~~e proposed reallocation to new Unit 0 of all of the undivided interests in the General Common Elements which are presently appurtenant to Units 0, E and F, are hereby consented to and approved; and FURTHER RESOLVED, that any alteration of the General Common Elements within or contiguous to Units D, E and F whicn may result from such combination is hereby per~itted and approved, provided (i) that ~~e structural integrity of the building is not impaired thereby, (ii) that the work be done at the sole cost and expense of the Unit owner and in full compliance with all applicable laws, and (iii) that the actual architectural plans for the combination be delivered to the Board for its review prior to the start of con- struction; and FINALLY RESOLVED, that the Board has no objection to the installation of a wood- burning fireplace in combined Unit D. . . """'-' ......- 3. The undersigned have executed this Consent this /7 day of December, 1987. (I ~ \~ f' ;Met G~ 1~ pOhn C. G.l.nn - ~--=~-- '~ac:ono -2- Aspen/Pit 130 s aspe ning Office Thomas J. Todd Holland and Hart 600 E. Main st. Aspen, CO. 81611 December 29, 1989 RE: Durant Mall Insubstantial Plat Amendment Dear Mr. Todd, Thank you for your Dec. 26 letter and payment for the Durant Mall application. I had asked for comments on the plat from the City's Engineering Department and received a memo from Elyse Elliot. According to Elyse, the following items must be included on the plat: 1. The new plat must show how Units D, E and F became the new Unit D. All units should be shown, with a note stating that Uni ts D, E and F were combined to make the new Unit D. All limited and general common elements should be shown also. 2. There must be dimensions and a north arrow. 3. There must be a signature block for the City Engineer. If you have questions on Elyse's comments, please call her at 920-5080. Please submit 1 blueline copy of the updated plat to the Planning Office. We can then finish processing the plat amendment. Sincerely, Planner ". dur.letjkj " r__"'. HOLLAND & HART ATIORNEYS AT LAW DENVER DENVER TECH CENTER COLORADO SPRINGS ASPEN BILLINGS BOISE CHEYENNE WASHINGTON, D.C. 600 EAST MAIN STREET ASPEN, COLORADO 81611 TELEPHONE (303) 925-3476 TElfCOPIER (303) 925--9367 January 19, 1990 THOMAS J. TODD Kim JOhnson, Planner Aspen/Pitkin Planning Office 130 South Galena Street Aspen, Colorado 81611 Re: Durant Mall Insubstantial Plat Amendment Dear Ms. Johnson: We have revised the Third Supplemental Condominium Map of the Durant Mall (A Condominium) to show the changes reqnested in your letter of December 29, 1989. Enclosed is a blue-line copy of the revised map. If you find it acceptable, please contact me and I will coordinate on obtaining the necessary signatures. Very truly yours, ~cr 0d;O _f for HOLLAND & HART TJT/sm Enclosure cc: Gerald R. Seay James F. Reser - HOLLAND & HART AITORNEYSATLAW DENVER DENVER TECH CENTER COLORADO SPRINGS ASPEN BILLINGS BOISE CHEYENNE WASHINGTON, D,C. 600 EAST MAIN STREET ASPEN, COLORADO 81611 TELEPHONE (303) 925-3476 TElECOPIER (303) 925-9367 THOMAS J. TODD March 9, 1990 Ms. Kim Johnson, Planner Aspen/Pitkin County Planning Office 130 South Galena Aspen, Colorado 81611 Re: Durant Mall Insubstantial Plat Amendment Dear Ms. Johnson: Enclosed are two mylars of the Insubstantial Plat Amendment for the Durant Mall which have been signed by the surveyor, the owner and the mortgagee. It is now ready for the various city and county signatures. Also enclosed is our firm's check in the amount of $10.00 payable to Pitkin County Clerk Recorder to cover the recording fees. If you have any questions or need additional information, please call. Very tru.l y y;;pours, .' ,) 1 oj 2~ ;J -Jo,. ' / Thomas J. Todd for HOLLAND & HART TJT/sm Enclosures cc: Gerald R. Seay 'd~~- I),U/ 5/g f) /1'0 pCA~ . I 219ll) ,,-.. /,,""- HOLLAND & HART ATIORNEYS AT LAW DENVER DENVER TECH CENTER COLORADO SPRINGS ASPEN BILLINGS BOISE CHEYENNE WASHINGTON, D.C 600 EAST MAIN STREET ASPEN, COLORAD081611 TELEPHONE (303) 925-3476 TELECOPIER (303) 925-9367 November 20, 1989 ARTHUR C. DAILY Hand Delivered Amy Margerum, Planning Director Aspen/Pitkin County Planning Office 130 South Galena Aspen, Colorado 81611 ~ C: Re: Insubstantial Plat Amendment Dear Amy: I am delivering to you herewith for your review the draft Third Supplemental Condominium Map of The Durant Mall (a Condominium), the effect of which is to amend the Second supplemental Condominium Map to reflect the physical combination of Residential Condominium Units D, E and F into a single unit D. Also enclosed for your information are copies of (i) the recorded Second Supplemental Condominium Map, and (ii) the consent of the Board of Managers of the Condominium Association to this unit combination dated December 17, 1987. I expect you'll conclude that this is the very sort of "insubstantial plat amendment" that Code section 7-804(E) was designed to address. In fact, I believe Alan Richman already made that determination before Mr. seay was issued a Building Permit for the work. See my letter to cindy Houben of August 11, 1988 on the subject (copy enclosed). If you require additional information of any kind, or if you'd like to meet with me on the matter, please give me a call. As soon as you are satisfied with the approach, I'll have the Map finalized and present it to you for your signature. Thanks for your cooperation. . ") S~~+ Avthur c. Daily for Holland & Hart ACD/jg Enclosure cc: Gerald R. Seay (w/copy of map) John c. Ginn (w/copy of map) ,-, ,""" - y' HOLLAND & HART ATTORNEYS AT LAW DENVER DENVER TECH CENTER COLORADO SPRINGS ASPEN BILLINGS BOISE CHEYENNE WASHINGTON, D.C 600 EAST MAIN STREET ASPEN, COlORADO 81611 TELEPHONE (303) 925-3476 TElECOPlER (303) 925-9367 December 26, 1989 THOMAS]. TODD Ms. Kim Johnson Aspen/pitkin County Planning Office 130 South Galena Aspen, Colorado 81611 '_ I Re: Insubstantial Plat Amendment for the Durant Mall (A Condominium) Dear Ms. Johnson: This letter is a fOllow-up to the telephone conversation you had with Art Daily of this law firm during which you requested that we provide you with an analysis of how the Third Supplemental Condominium Map of the Durant Mall (A Condominium) is in compliance with Section 7-804(E) of the Land Use Regulations of the City of Aspen. The proposed Third Supplemental Condominium Map for the Durant Mall project (the "Project") previously sent to your office is essentially a corrective instrument which will serve to reflect the combination of three residential condominium units (Units D, E and F) into one larger residential unit to be described as Unit D. The combination of these three residential condominium units into one residential condominium unit should be classified as an insubstantial amendment for the following reasons: a) The combination does not result in a change in the use or character of the Project. b) The combination does not result in an increase in the overall coverage of structures on the land. c) The combination does not increase trip generation rates for the Project or the demand for public facilities. In fact, the combination of three residential units into one will result in substantial decreases in trip generation rates as well as substantial decreases in the demand for public facilities. d) The combination will not reduce any of the approved open space for this Project; - ","',., "'j. HOLLAND & HART ATTORNEYS AT LAW Ms. Kim Johnson Aspen/Pitkin County December 26, 1989 Page 2 Planning Office e) The combination will not reduce off-street parking and loading spaces; f) The combination will not reduce required pavement widths or rights of way for streets and easements for the Project; g) The combination will not result in an increase of approved gross leasable floor area of commercial buildings in the Project; h) The combination will not result in an increase by greater than one percent in the approved residential density of the Project: Also enclosed is Holland & Hart check no. 3215 in the amount of $50.00 payable to the Aspen/Pitkin County Planning office, which I understand is the filing fee for the approval procedures associated with this matter. I trust this letter will assist you in your evaluation of our request for the Planning Department's approval of this Insubstantial Plat Amendment. If you require any additional information or have any questions, please give me a call. ~JJ:;;P Thomas J. Todd for HOLLAND & HART TJT/sm Enclosure cc: Gerald R. Seay ,.-.... MEMORANDUM To: Kim Johnson, Planning Office From: Elyse Elliott, Engineering Department Date: December 26, 1989 Re: Durant Mall Insubstantial Plat Amendment ----------------------------------------------------------------- ----------------------------------------------------------------- The Engineering department has the following comments on the submitted plat: 1. The new plat must show how Units D, E and F became the new Unit D. All units should be shown, with a note stating that Units D, E and F were combined to make the new Unit D. All limited and general common elements should be shown also. 2. There must be dimensions and a north arrow. 3. with sidewalk, streets, sources and meter improve must be depicted , parking spaces, easements, ion, 'acent lots. such as utility 4. There must be signature block for the City Engineer. f~ /' ~~ ~~~ #3 -~ fJ/LL tfrI t:r ;z-/-z- '( /?:i , BOOK 467 ?A'jc876 2 S' 0 2 3 6 SECOND AMENDMENT TO CONDOMINIUM DECLARATION LORton,\ BAlmER PITKIN CTY. RECORDER ~ '~ ~ ~ . .~ ~.~ ~ <J ~, ~ ~ ~~ ~ ~ ,~ \ ~ ~ JU:J 14 FOR THE DURANT MALL (a Condominium) " Oll jiH '84 THIS SECOND JI.MENDMENT to the Condominium Declaration for the Durant Mall (a Condominium) made by BLOCK 106 ASSOCIATE~, a Colorado limited partnership, hereinafter referred to as "Dec~ant". WIT N E SSE T H: WHEREAS, the Declarant did make and record that certain Condominium Declaration for the Durant Mall (a Condominium) recorded in Book 30B at Page 518 of the records of Pitkin County, Colorado, and amended the same by the First Amendment thereto recorded in Book 453 at Page 848 of those records. WHEREAS, the Declarant made and filed for record the Condominium Map for the Durant Mall (a Condominium), in Plat Book 4 at Page 565 of the records of Pitkin County, Colorado, and a First Amended Map in Plat Book 15 at Page 48 of those records, and WHEREAS, the Declarant is the owner of Condominium Unit R and as described in said Condominium Declaration and shown on Condominium Map, both above referred to, and WHEREAS, the Declarant desires to re-subdivide the said Condominium Unit R into eight (8) separate condominium units to be known as Units A-H, inclusive, and has received approval therefor from the City of Aspen; and, has filed for record a Second Supplemental Condominium Map for the Durant Mall (a Condominium), in Plat Book / {, at Page /0 of the records of Pitkin County, Colorado, and WHEREAS, the Declarant desires to amend, by this instrument, the recorded Condominium Declaration above-referred to, as amended, to reflect the resubdivision of said Condominium Unit R, and WHEREAS, the Declarant is authorized to resubdivide Condominium Unit R by virtue of the provisions of paragraph 3(b) of the above-referenced recorded Condominium Declaration, as amended. NOW, THEREFORE, Declarant does hereby publish and declare the following terms, covenants, conditions, easements, restrictions, uses, limitations and obligations which shall.be deemed to run with the land described in the above-referred to Condominium Declaration and shall be a burden and a benefit to the Declarant, its successors and assigns, and any person '-"".......~~~~,.,..~ BOQX 467 PAGE877 acquiring or owning an interest in the subject property, and improvements, their grantees, mortgagees, successors, heirs, personal representatives, devisees or assigns. 1. The Declarant hereby subdivides Condominium Unit R into Units A-H, inclusive, as shown on the Second Supplemental Condominium Map for the Durant Mall (a Condominium) filed for record in Plat Book at Page of the records of Pitkin County, Colorado, thereby eliminating Condominium Unit R entirely, and therefrom creating eight (8) separate Condominium Units. 2. The undivided interest of the former separate Condominium Unit R in and to the General Common Elements of 15.00% is hereby reallocated equally to Condominium Units A-H inclusive, as follows: Undivided Interest A 1.875 B 1.875 C 1. 875 D 1. 875 E 1. 875 F 1. 875 G 1. 875 H 1. 875 i 3. In all other respects, the Declarant hereby ratifies and confirms the recorded Condominium Declaration, and First Amendment thereto, above-referred to. IN WITNESS WHEREOF, the Declarant, BLOCK 106 ASSOCIATES, a limited partnership, by a general partner thereof, has duly executed this Second Amendment to the Declaration for the Durant Mall (a condominium) this I q-f'1 day of 7~ 198'f . :i ij I , I BLOCK 106 ASSOCIATES, a Colorado limited partnership .~ Ginn Partner -2- STATE OF COLORADO BOOK 467 Pi-iGE878 ss. COUNTY OF PITKIN +The fOregOin~S~rument this \Cjlli day of RI\ as a general partner of BLOCK 106 partnership. was aCk2\wledged before me , 198 , by JOHN C. GINN, ASSOCIATES, a Colorado limited , " (SEAL) WITNESS my hand and official seal. My commission expires: \/31/~~ _ -----J ~ ~ \ ~1 Notary Public Address:/(o f. ~ 'i;f'c.V'.. \- ~\JT~ C~ I , \ CONSENT OF FIRST MORTGAGEE TO SECOND AMENDMENT TO CONDOMINIUM DECLARATION FOR THE DURANT MALL (A Condominium) The undersigned, as UTe t - fl~f.SIq, ,. of the beneficiary of the deed of trust recorded in Book 32B at Page 627 of the records of Pitkin County, Colorado, hereby consents to and confirms the foregoing Second Amendment to the Condominium Declaration for Durant Mall (a Condominium). Dated: April 23 , 198~ THE EMPIRE SAVINGS, BUILDING AND LOAN ASSOCIATION --, ~ ~/ ~~~,z- -PI V&~7. t/ L ~ -3- k. ) ) ) fj{)(jl{ 467 ~415f87g ,I STATE OF COLORADO ss. COUNTY OF PITKIN The this 23rd M. Bleakley of THE EMPIRE foregoing instrument was acknowledged before me day of April ,1984 ,by Janet -, as Vice PresIdent SAVINGS, BUILDING AND LOAN ASSOCIATION. " Witness my hand and official seal. My commission expires: April 1, 1987 (SEAL) ~ I II I! if " i I , ! i I I I II [I ! t!.t"-~r-IJ. S~-::zi: Notary P. bIle ' (/ (/ Address: 1654 California Street Denver, Colorado ~ULU2 -4- . .~ ~ A.1 \,~ ~ ~ ~ <l ';)" ~~ ~ ~ \l ~ ~ .- ,"".., BOOIi 467 p~,5E871 . , DECLAFATION OF COVENANTS, RESTRICTIONS AND CONDITIONS FOR UNIT R, ALSO KNOWN AS APARTMENTS A-H; INCLUSIVE OF THE DURANT MALL (A CONDmUNIUM) BLOCK 106 ASSOCIATES, a Colorado Limited Partnership, (Hereinafter "Covenantor") for itself individually and for its grantees, successors and assigns, in consideration of the granting of an exception from the full subdivision process for the purpose of re-condominiumization of the following described property, hereby covenants with the City of Aspen, Pitkin County, Colorado, to restrict said property, and hereby does restrict said property as follows: 1. Covenantor represents that it is the record title owner of the following described property situate in the City of Aspen, County of pitkin, State of Colorado, together with the improvements thereto: Condominium Unit R, also known as Apart- ments A-H, inclusive, of The Durant Mall (a Condominium), according to the Condominium Map thereof recorded in Plat Book 4 at Page 565 of the records of pitkin County, Colorado situate at 710 E. Durant Street, Aspen, Colorado 81611. 2. The sale of any of the dwelling units located on the above described property shall be in strict compliance with the provisions of Section 20-22(a), Aspen Municipal Code as follows: (a) Existing tenants shall be given written notice when their unit is offered for sale, which notice shall specify the sale price. Each tenant shall have a ~ninety-day nonassignable option to purchase their unit =-= ~at this preliminary market value. In addition, each Q ==tenant shall have a ninety-day exclusive nonassignable a: V w e:... we: M :z:c N ~~ 0 ~~ {I) t)v I.',", N _.1:"'- ,- u.. __ right of first refusal to purchase their unit which -"'c shall commence when a bona fide offer thereforis made by a third person, and accepted by the owner. In the event that such offer is made while the ninety-day option is still in effect, the tenant may purchase the ....... ~ BOOH 467 PAGE872 unit for the amount of the initial sale price or the amount of the acceptable bona fide offer, whichever is less. 3. The rental of any of the dwelling units specified shall be and hereby is restricted to six (6) month minimum leases with no more than two (2) shorter tenancies per calendar year, all as required by Section 20-22(b), Aspen Municipal Code, as amended. 4. In the event that any municipal improvement or improvements of a kind contemplated in Section 20-16 of the Municipal Code of the City of Aspen, as amended, became, in the sole judgment or discretion of the City Council of the City of Aspen, necessary or desirable to the area of the above described property, covenantor will make no objection to any special assessment or special tax or proceeding therefor on the basis that the property is adequately served by existing improvements and/or on the basis that the premises will not be served or benefited by the improvement or improvements proposed. Covenantor further agrees to join, upon the demand therefor by the City, any special improvement district, urban renewal district, or downtown development district formed for construction of such improvements (including, without limitation, signage, drainage, underground utilities, paved streets and alleys, planting, curbs, gutters, sidewalks, street lights, traffic circulation, trails, recreation facilities, berms, open space lands, public transportation facilities, parking, etc.) in the area of the above-described property or to reimburse the City of Aspen directly upon demand therefor if the City should choose to construct these improvements without the formation of such a district. 5. The covenants contained herein shall run with the land and shall be binding on all parties having any right, title or interest in the above-described property or any part thereof, and their heirs, representatives, successors and assigns, for a period of fifty (50) years from the date these covenants are recorded. -2- ..".. -- BOOK 467 PAGE873 6. None of the covenants contained herein shall be released or waived in any respect or modified or amended during the period they are binding without the prior consent of the City of Aspen reflected by Resolution of the City Council of the City of Aspen. IN WITNESS WHEREOF, 23(2rJ executed this day of this declaration has been duly (2il,;;..! , , 1984. BLOCK 106 ASSOCIATES, a Colorado Limited Partnership '-,) /}6, I;..'/<!--"( ( ~ Partner STATE OF COLORADO ss. COUNTY OF PITKIN Jhe fOregO~'ng document was acknowledged to before me this ~3\ day of @lO , 1984, by JOHN C. GINN, as a General Partner 0 BOCK 106 ASSOCIATES, a Colorado Limited Partnership. WITNESS my hand and official seal. My commission expires: '7J~#r '111i7 ~ (2ft A l-, ~' ~{C' Not: ry Public . - AcWress: 5'J3e.lf1"~(J (O"re ~ tJ P JY1, (" (") ..!jJ1L -1- '""'" ,~- BOOM 467 p.\GE874 2 6. 0 2 3 5 LORETTA BAHNER PITKIN CTY. RECORDER STATEHENT OF EXCEPTION FR0l1 THE FULL SUBDIVISION PROCESS FOR THE PURCHASE OF CONDOMINIUMIZATION FOR THE DURANT MALL (A CONDOMINIUM) JUlll4 1104 AM '34 WHEREAS, BLOCK 106 ASSOCIATES, a Colorado Limited Partnership (hereinafter "Applicant"), is the owner of the real property (and the improvements thereto) situate in the City of Aspen, Pitkin County, Colorado, more particularly described as follows: Unit R, The Durant Mall (a Condominium) according to the Condominium Plat thereof recorded in Plat Book 4 at Page 565 of the records of pitkin County, Colorado, also known as Apartments A-H, inclusive, 710 E. Durant, Aspen, Colorado 81611. WHEREAS, Applicant has requested an exception from the full subdivision process for the purpose of re-condominiumizing the said Unit R into eight (8) separate condominium units; and WHEREAS, the Aspen Planning and Zoning Commission, at its meeting of October 4, 1983, determined that such exception would be appropriate and recommended that the same be granted, subject, however, to certain conditions; and WHEREAS, the City Council determined at its meeting of October 24, 1983, that such exception was appropriate and granted the same, subject, however, to certain conditions; NOW, THEREFORE, the City Council of Aspen, Colorado, does determine that the owner's application for exception from 'the full subdivision process for the purpose of re- condominiumization of Unit R, The Durant Mall (a Condominium) is proper and hereby grants an exception from the full subdivision process for such condominiumization; PROVIDED, HOWEVER, that the foregoing exception is expressly conditioned upon: (1) the Applicant's recording (contemporaneously herewith) with the pitkin County Clerk and Recorder that "Declaration of Covenants, Restrictions and Conditions for Unit R, also known as Apartments A-H, inclusive, The Durant Mall (a Condominium), dated ^Pt:"'\\..~ ~-;.,\ 1983, and (2) the Applicant's strict compliance for itself, its - /,\ . ' BOOM 467 PAGE875 successors, grantees and assigns, with the provisions contained therein and all other binding conditions of approval on this matter set by the Planning and Zoning Commission and/or the City Council. DATED THIS /~ay of 9'~ , 19#. 1f?-. /~ APPROVED AS TO FORM: c'_.....,. .. ~. ,.' -'..,.,..-"- '. '- , Paul J. Taddune, City Attorney I, KATHRYN S. KOCH, do hereby certify that the foregoing Statement of Exception from the Full Subdivision Process for the Purposes of Condominiumization of UNIT R, also known as Apartments A-H, The Durant Mall (a Condominium), was considered of the City of Aspen. City Council at its regular meeting , 19~, at which time the Mayor, "lIlllllllli, authorized to execute the sa,~\'i'\\\~~X~~~alf " .... ". J.', ~':: . 0.0 ..'- , . 2 . ..... and approved by the Aspen held ~ Ii William L. Stirling, was -2- ,,--- / ~j ""'''' JU~ 2 REeD ,~/ MEMORANDUM TO: Paul Taddune, City Attorney Jim Wilson, Chief Building Officia~ June 20, 1984 FROM: DATE: RE: Durant Mall Condominiurnization The deficiencies noted in my memo dated September 28, 1983, have been corrected to the satisfaction of this department. The Durant Mall Condominiumization proposal has now met the requirements of Section 20-22(e) of the Aspen Municipal Code. cc: Colette Penne, Planning JW; ar ------~ , ASPEN.PITKI~EGIONAL BUILD~G DEPARTMENT MEMORANDUM TO: Colette Penne, Planning Office FROM: Jim Wilson, Chief Buildipg Official ~ DATE: September 28, 1983 RE: Durant Mall Condominiumization' I have inspected the ,eight residential uhi ts on the third floor of the Countryside Building, the westerly ,of the two Durant Mall buildings. Before this department will approve condominization under Sec. 20-22(e) of the Aspen Code, the following work must be completed: 1) The lofts in units D,E and H must be removed or extensively remodeled for life-safety compliance. Units E,and H, which are currently being used for sleeping and unit D, that may potentially be used for sleeping, must be provided with eg:t;e,ss windows and legal stairways for use to continue. 2) The existing smoke detection system in all units must be altered to comply with NFPA Standard 72E; this involves the addition of smoke detectors in the high-peaked ceiling area. 3) The existing alarm system must comply with Sect,ion 9-3 (z) of the Aspen Municipal Code. offices: 110 East Hallam Street Aspen, Colorado 81611 303/925-5973 mail address: 506 East Main Street Aspen, Colorado 81611 130 asp SPEN CITY MEMORANDUM TO: Planning Department City Engineer ~ City Attorney ,<,,~l\ April 27,1984 Durant Mall (Unit R) FROM: DATI:;: RE: Forwarded herewith for your review and approval in connection with the Durant Mall (Unit R) recondominiumization application, are the Declaration of Covenants and Statements of Exception from the Full Subdivision Process, which we find acceptable as to form. Should you also find the enclosed documents acceptable, please forward them to the City Clerk for execution by the Mayor. PJ'I,/mp Attachments Bill Stirling and Chuck Roth have raised questions concerning the 180-day filing and recording requirement of the approval. Please con~ent prior to sending the documents athr n. I suggest, to eep e ocumen . with the approval, that the Council approve an extension to the 180-day requirement. This can be easily accomplished through the consent agenda at the May 14 meeting. r P.s. --7 - cc: Mayor City Clerk ~ ,,- "'-'-;JmWrn ','" . ...,''<' , I,:, ""," I;,...,..,',., ',. '",:'..'JL ,i,_, "..' ~ I,' .' ~L~_ APR._Z. 71984 _J ASPEN / PI 'KIN CO. PLANNiNG OFFICE DECLARATION OF COVENANTS, RESTRICTIONS AND CONDITIONS FOR UNIT R, ALSO KNOWN AS APARTMENTS A-H, INCLUSIVE OF THE DURANT MALL (A CONDOMINIUM) BLOCK 106 ASSOCIATES, a Colorado Limited Partnership, (Hereinafter "Covenantor") for itself individually and for its grantees, successors and assigns, in consideration of the granting of an exception from the full subdivision process for the purpose of re-condominiumization of the following described property, hereby covenants with the City of Aspen, Pitkin County, Colorado, to restrict said property, and hereby does restrict said property as follows: 1. Covenantor represents that it is the record title owner of the following described property situate in the City of Aspen, County of Pitkin, State of Colorado, together with the improvements thereto: Condominium Unit R, also known as Apart- ments A-H, inclusive, of The Durant Mall (a Condominium), according to the Condominium Map thereof recorded in Plat Book 4 at Page 565 of the records of Pitkin County, Colorado situate at 710 E. Durant Street, Aspen, Colorado 81611. 2. The sale of any of the dwelling units located on the above described property shall be in strict compliance with the provisions of Section 20-22(a), Aspen Municipal Code as follows: (al Existing tenants shall be given written notice when their unit is offered for sale, which notice shall specify the sale price. Each tenant shall have a ninety-day nonassignable option to purchase their unit at this preliminary market value. In addition, each tenant shall have a ninety-day exclusive nonassignable right of first refusal to purchase their unit which shall commence when a bona fide offer thereforis made by a third person, and accepted by the owner. In the event that such offer is made while the ninety-day option is still in effect, the tenant may purchase the unit for the amount of the initial sale price or the amount of the acceptable bona fide offer, whichever is less. 3. The rental of any of the dwelling units specified shall be and hereby is restricted to six (6) month minimum leases with no more than two (2) shorter tenancies per calendar year, all as required by Section 20-22(b), Aspen Municipal Code, as amended. 4. In the event that any municipal improvement or improvements of a kind contemplated in Section 20-16 of the Municipal Code of the City of Aspen, as amended, became, in the sole judgment or discretion of the City Council of the City of Aspen, necessary or desirable to the area of the above described property, covenantor will make no objection to any special assessment or special tax or proceeding therefor on the basis that the property is adequately served by existing improvements and/or on the basis that the premises will not be served or benefited by the improvement or improvements proposed. Covenantor further agrees to join, upon the demand therefor by the City, any special improvement district, urban renewal district, or downtown development district formed for construction of such improvements (including, without limitation, signage, drainage, underground utilities, paved streets and alleys, planting, curbs, gutters, sidewalks, street lights, traffic circulation, trails, recreation facilities, berms, open space lands, public transportation facilities, parking, etc.) in the area of the above-described property or to reimburse the City of Aspen directly upon demand therefor if the City should choose to construct these improvements without the formation of such a district. 5. The covenants contained herein shall run with the land and shall be binding on all parties having any right, title or interest in the above-described property or any part thereof, and their heirs, representatives, successors and assigns, for a period of fifty (50) years from the date these covenants are recorded. -2- , ''II.. 6. None of the covenants contained herein shall be released or waived in any respect or modified or amended during the period they are binding without the prior consent of the City of Aspen reflected by Resolution of the City Council of the City of Aspen. IN WITNESS WHEREOF, 2 r2(J executed this 3 day of this declaration has been duly ai~ , , 1984. BLOCK 106 ASSOCIATES, a Colorado Limited Partnership Partner STATE OF COLORADO ) ) ss. COUNTY OF PITKIN ) 'llhe forego'ng this ~3\1Al( day of a General Partner 0 B Partnership. document was acknowledged to before me , 1984, by JOHN C. GINN, as OCK 106 ASSOCIATES, a Colorado Limited WITNESS my hand and official seal. My commission expires: "7J~k-, 1~ 1117 ~'~fijz; Not: ry Public . . A~ress: 5J~.1t!f;,,+u (O-I,.l ~P.N1, (' (') I -3- STATEMENT OF EXCEPTION FROM THE FULL SUBDIVISION PROCESS FOR THE PURCHASE OF CONDOMINIUMIZATION FOR THE DURANT MALL (A CONDOMINIUM) WHEREAS, BLOCK 106 ASSOCIATES, a Colorado Limited Partnership (hereinafter "Applicant"), is the owner of the real property (and the improvements thereto) situate in the City of Aspen, pitkin County, Colorado, more particularly described as follows: Unit R, The Durant Mall (a Condominium) according to the Condominium Plat thereof recorded in Plat Book 4 at Page 565 of the records of Pitkin County, Colorado, also known as Apartments A-H, inclusive, 710 E. Durant, Aspen, Colorado 81611. WHEREAS, Applicant has requested an exception from the full subdivision process for the purpose of re-condominiumizing the said Unit R into eight (8) separate condominium units; and WHEREAS, the Aspen Planning and Zoning Commission, at its meeting of October 4, 1983, determined that such exception would be appropriate and recommended that the same be granted, subject, however, to certain conditions; and WHEREAS, the City Council determined at its meeting of October 24, 1983, that such exception was appropriate and granted the same, subject, however, to certain conditions; NOW, THEREFORE, the City Council of Aspen, Colorado, does determine that the owner's application for exception from the full subdivision process for the purpose of re- condominiumization of Unit R, The Durant Mall (a Condominium) is proper and hereby grants an exception from the full subdivision process for such condominiumization; PROVIDED, HOWEVER, that the foregoing exception is expressly conditioned upon: (1) the Applicant's recording (contemporaneously herewith) with the Pitkin County Clerk and Recorder that "Declaration of Covenants, Restrictions and Conditions for Unit R, also known as Apartments A-H, inclusive, A'P ., ~ CO"l.., _J, The Durant Mall (a Condominium), dated 1983, and (2) the Applicant's strict compliance for itself, its successors, grantees and assigns, with the provisions contained therein and all other binding conditions of approval on this matter set by the Planning and Zoning Commission and/or the City Council. DATED THIS day of , 1983. Mayor APPROVED AS TO FORM: C~"-\ ) ..-....... ,~/ I ..... -'~...n_" t ---'" t 1_ ".\ L Paul J. Tadd ne, City ,-"t.. Attorney I, KATHRYN S. KOCH, do hereby certify that the foregoing Statement of Exception from the Full Subdivision Process for the Purposes of Condominiumization of UNIT R, also known as Apartments A-H, The Durant Mall (a Condominium), was considered and approved by the Aspen City Council at its regular meeting held , 19B3, at which time the Mayor, William L. Stirling, was authorized to execute the same on behalf of the City of Aspen. Kathryn S. Koch, City Clerk -2- SECOND AMENDMENT TO CONDOMINIUM DECLARATION FOR THE DURANT MALL (a Condominium) THIS SECOND AMENDMENT to the Condominium Declaration for the Durant Mall (a Condominium) made by BLOCK 106 ASSOCIATES, a Colorado limited partnership, hereinafter referred to as "Declarant". WIT N E SSE T H: WHEREAS, the Declarant did make and record that certain Condominium Declaration for the Durant Mall (a Condominium) recorded in Book 308 at Page 518 of the records of Pitkin County, Colorado, and amended the same by the First Amendment thereto recorded in Book 453 at Page 848 of those records. WHEREAS, the Declarant made and filed for record the Condominium Map for the Durant Mall (a Condominium), in Plat Book 4 at Page 565 of the records of pitkin County, Colorado, and a First Amended Map in Plat Book 15 at Page 48 of those records, and WHEREAS, the Declarant is the owner of Condominium Unit R and as described in said Condominium Declaration and shown on Condominium Map, both above referred to, and WHEREAS, the Declarant desires to re-subdivide the said Condominium Unit R into eight (8) separate condominium units to be known as Units A-H, inclusive, and has received approval therefor from the City of Aspen; and, has filed for record a Second Supplemental Condominium Map for the Durant Mall (a Condominium), in Plat Book at Page of the records of Pitkin County, Colorado, and WHEREAS, the Declarant desires to amend, by this instrument, the recorded Condominium Declaration above-referred to, as amended, to reflect the resubdivision of said Condominium Unit R, and WHEREAS, the Declarant is authorized to resubdivide Condominium Unit R by virtue of the provisions of paragraph 3(b) of the above-referenced recorded Condominium Declaration, as amended. NOW, THEREFORE, Declarant does hereby publish and declare the following terms, covenants, conditions, easements, restrictions, uses, limitations and obligations which shall be deemed to run with the land described in the above-referred to Condominium Declaration and shall be a burden and a benefit to the Declarant, its successors and assigns, and any person '~-'- -'-.'~~'il'-~-'~~~-'~-_.~"--"-~'~"""~"-~~--~--~'-- -,,- i,1 I acquiring or owning an interest in the subject property, and improvements, their grantees, mortgagees, successors, heirs, personal representatives, devisees or assigns. 1. The Declarant hereby subdivides Condominium Unit R into Units A-H, inclusive, as shown on the Second Supplemental Condominium Map for the Durant Mall (a Condominium) filed for record in Plat Book at Page of the records of Pitkin County, Colorado, thereby eliminating Condominium Unit R entirely, and therefrom creating eight (8) separate Condominium Units. 2. The undivided interest of the former separate Condominium Unit R in and to the General Common Elements of 15.00% is hereby reallocated equally to Condominium Units A-H inclusive, as follows: Undivided Interest A 1. 875 B 1.875 C 1. 875 D 1. 875 E 1. B75 F 1. 875 G 1. B75 H 1. 875 3. In all other respects, the Declarant hereby ratifies and confirms the recorded Condominium Declaration, and First Amendment thereto, above-referred to. IN WITNESS WHEREOF, the Declarant, BLOCK 106 ASSOCIATES, a limited partnership, by a general partner thereof, has duly executed this Second Amendment to the Declaration for the Durant Mall (a condominium) this /q!'1 day of 7~ 198'f. a Colorado G~nn Partner -2- I II STATE OF COLORADO ) ) ss. COUNTY OF PITKIN ) +The foregoin~ instrument this \C( t.h.. day of ~R'I \ as a general partner of BLOCK 106 partnership. was aCk2\w1edged before me , 198 , by JOHN C. GINN, ASSOCIATES, a Colorado limited (SEAL) WITNESS my hand and official seal. My commission expires: \/31/~~ _ -Ju..O~ \~ Notary Public ., Address :/ 10 f .0 ul'<c.V'.. '\- ~ \Jy V"\ C 0 ')( \ I,.. ( \ \ I II I, CONSENT OF FIRST MORTGAGEE TO SECOND AMENDMENT TO CONDOMINIUM DECLARATION FOR THE DURANT MALL (A Condominium) The undersigned, as UC.L. t' (jl{f.:~q: -;- , of the beneficiary of the deed of trust recor~ed in Book 328 at Page 627 of the records of Pitkin County, Colorado, hereby consents to and confirms the foregoing Second Amendment to the Condominium Declaration for Durant Mall (a Condominium). Dated: April 23 , 198~ THE EMPIRE SAVINGS, BUILDING AND LOAN ASSOCIATION t:,/~~x- -#C ~/! t/ ~, -3- :1 i , STATE OF COLORADO ss. COUNTY OF PITKIN I , The this 23rd M. Bleakley of THE EMPIRE foregoing instrument was acknowledged before me day of April , 1984 , by Janet -, as Vice PresIdent SAVINGS, BUILDING AND LOAN ASSOCIATION. Witness my hand and official seal. My commission expires: April 1, 1987 I I I II I (SEAL) t~~tf ~' Notary P bl. ' Address: 1654 California Street Denver, Colorado tlU2U2 -4- .. r - """ - , MEMORANDUM \ FROM: Paul Taddune, City Attorney Jim Wilson, Chief Building Officia~ June 20, 1984 TO: DATE: RE: Durant Mall Condominiumization The deficiencies noted in my memo dated September 28, 1983, have been corrected to the satisfaction of this department. The Durant Mall Condominiumization proposal has now met the requirements of Section 20-22(e) of the Aspen Municipal Code. cc: Colette Penne, Planning JW/ar "~,t;';-: r::.J' -;:JC7r\F,'-:::J,,~, ~ U j "." I _n ,. .' , r t:>, \ .,.,~} "-' Jr' 1_, " : ~r_L_"'..-.ll-..., -, . - . f i ( ~. I It' JUN 2 2 1984 ,i - ~........ ASPEN I PITKIN CO " PlANNING Ol'FWE ASPEN.PITt<..O. REGIONAL BUILQING DEPARTMENT MEMORANDUM I have inspected the eight residential units on the third floor of the Countryside Building, the westerly of the two Durant Mall buildings. Before this department will approve condominization under Sec. 20-22(e) of the Aspen Code, the following work must be completed: 1) The lofts in units D,E and,H must be removed or extensively remodeled for life-safety compliance. Units E and H, which are currently being used for sleeping and unit D, that may potentially be used for sleeping, must be provided with egre?s windows and legal stairways for use to continue. 2) The existing smoke detection system in all units must be altered to comply with NFPA Standard 72E; this involves the addition of smoke detectors in the high-peaked ceiling area. 3) The existing alarm system must comply with Section 9-3(z) of the Aspen Municipal Code. offices: 110 East Hallam Street Aspen, Colorado 81611 303/925-5973 mail address: 506 East Main Street Aspen, Colors do 81611 ,.... " CITY OF ASPEN. MEMO FROM GARY S, ESAR Y Oct. 31 Lennie: Here's the stuff. I./e need a "Statement of Exception..... for the purpose of Re-condominiumizatio~ On the legal description, olease reference the original plat and condo decs and leave blanks for the new olat and decs, if necessary Please have someone call if there are questions. I'm assuming the 20-22(e) inspection has been completed satisfactorily and our files so indicate. ~ cc: Planning~ Engineering Building re.: 1M'~ ~~ - 1 t " f" ',,,,,., /", ...".... MEMORANDUM TO: Aspen City Council FROM: Colette Penne, Planning Office RE: Durant Mall - Subdivision Exception DATE: October 24, 1983 Location: Corner of Spring and Durant Zoning: NC Applicant's Request: Approval of subdivision exception for the purpose of recondominiumizaion of the Durant Mall such that Residential Unit R (which contains B rental units) will be separately condominiumized as 8 individual condominium units. Referral Comments: The Engineering Department requests that the proposed resubdivision be contingent on the recordation of an amended plat indicating the changes and clearly delineating the new units as well as any common elements associated with them. The amended plat should reference the prior platting and have approval certificates for the City Engineer and Council. The Housing Authority recommends that based on the evidence submitted by the applicant that the eight Durant Mall apartments have not been rented over the last eighteen months within employee housing price guidelines, that approval be contingent on the notice requirements and six-month rental restrictions of Section 20-22. The City Attorney's Office recommends that this application be processed as an exception from the full subdivision process pursuant to Section 20-19(c) and (d). They point out that the Building Department must inspect, as required in Section 20-22(e). In the condominiumization of the "Little Victorians", the P&Z asked questions regarding the separate metering of, or commonly provided utilities. The following conditions were recommended: 1. The applicant should draft (in a form acceptable to the City Attorney) and record a Statement of Subdivision Exception. 2. The applicant should draft (in a form acceptable to the City Attorney) and record a deed restriction to satisfy the requirements of 20-22(b), Section 20-22(a) for existing tenant provisions, and if Engineering so recommends, join in any special improvement district. 3. The recondominiumization plat be filed within 180 days of the final Council approval. The Building Department requires the following work to be completed before this condominiumization can be finally approved: .,.. MEMO: Durant Mall October 24, 1983 Page Two "1. The lofts in Units D, E and H must be removed or extensively remodeled for life- safety compliance. Units E and H, which are currently being used for sleeping and Unit D, that may potentially be used for sleeping must be provided with egress windows and legal stairways for use to continue. 2. The existing smoke detection system in all units must be altered to comply with NFPA Standard 72E; this involves the addition of smoke detectors in the high-peaked ceiling area. 3. The existing alarm system must comply with Section 9-3(z) of the Aspen Municipal Code." Planning Office Review: All eight of the dwelling units have rented outside (above) low, moderate and middle income guidelines as presently adopted. The upper limit of the price restrictions is a rental rate of 829 per sq. ft. The lowest price of any of these eight units was $1.04 per sq. ft. In the past, there has been concern about the separate metering of utilities. In the case of the Durant Mall residential units, each apartment is separately metered for electric, phone and cable service. Common utilities includes elevator service, water and gas heat. A print-out of the common utility costs was supplied for the past eighteen-month period and the average per-month cost was calculated at 3.29 per sq. ft., thereby reducing the cost of the lowest priced unit to $1.01 per sq. ft. (still above the guidelines). This evidence satisfies the requirement of Section 20-22 that the supply of low and moderate income housing will not be reduced by this approval. All provisions of Section 20-22 will be required of the applicants in this condominiumization, specifically six-month minimum leases, tenant notification, no substantial increases in rental prices following condominiumization. C'&Z Action and Planning Office recom- mendation: The Planning and Zoning Commission and the Planning Office recommend approval of subdivision exception for the purpose of recondominiumization of Unit R of the Durant Mall into eight units (A-H) with the following conditions: 1. Recordation of an amended plat within lBO days of this approval which indicates the changes and clearly delineates the new units as well as any common element. The amended plat should reference the prior platting and have approval certificates. ~~. ,......', '-' MEMO: Durant Mall October 24, 1983 Page Three 2. The new units are subject to all provisions of Section 20-22 and a deed restriction should be drafted by the applicant (in a form acceptable to the City Attorney) assuring compliance. 3. The applicant draft (in a form acceptable to the City Attorney) and record a Statement of Subdivision Exception. 4. The work required by the Building Department (and listed in this memorandum) must be com- pleted prior to the sale of any unit. 5. Applicant be required to join any future improvement district according to the standard Engineering Department requirements. Council Action: If Council concurs with the recommendation of the Planning and Zoning Commission and the Planning Office, the appropriate motion is: "I move to approve subdivision exception for the purpose of recondominiumization of Unit R of the Durant Mall into eight uni ts (A-H) with the following conditions: 1. Recordation of an amended plat within 180 days of this approval which indicates the changes and clearly delineates the new units as well as any common elements. The amended plat should reference the prior platting and have approval certificates. 2. The new units are subject to all provisions of Section 20-22 and a deed restriction should be drafted by the applicant (in a form acceptable to the City Attorney) assuring compliance. 3. The applicant draft (in a form acceptable to the City Attorney) and record a Statement of Subdivision Exception. 4. The work required by the Building Department (and listed in this memorandum) must be completed prior to the sale of any Unit. 5. Applicant be required to join any future improvement district according to the standard Engineering Department requirements." -rr--- AFFIDAVIT OF LARRY YAW The undersigned, LARRY YAW, a general partner of Block 106 Associates, being first duly sworn upon his oath, avers and states as follows: 1. That I am a general partner of Block 106 Associates, declarant in the Condominium Declaration for the Durant Mall (a condominium), and presently the fee simple owner of residential condominium Unit R situate therein. 2. That for a period of at least eighteen (IB) months prior to the date of this affidavit, that none of the eight (B) apartment units within the said condominium Unit R have been rented within the low, moderate or middle income employee housing guidelines as set forth in the official code of the City of Aspen. 3. The following is an accurate statement of the rents charged for each of the eight apartment units within the said condominium unit R for the period of eighteen months last preceding the date of this Affidavit: Unit Square Footage Monthly Designation in Unit Rental A 670 $ 775.00 I/b B 670 715.00 j, 01 C 670 700.00 I 0'1 D 555 725.00 "'J E 565 700.00 F 670 r&&-.-e-&- 7'7 5' /, I G 670 800.00 III H 772 866.00 'r::-:' ~' '). lor I 837 775.00 J 1,250 1,200.00 I K 837 775.00 I r' , , 4. Further affiant sayeth Dated: August I~, 1983 not. , ' ! State of Colorado ) ) ss. County of Pitkin ) \ Subscribed and sworn to before me this /5' day of August, 1983, by Larry Yaw. (SEAL) WITNESS my hand and official seal. My commission expires: ajlU./ ",J" /'186 N~~B~' Lm~u Address: N<J.j SIl<YU'ma4<J L'.wek. 4a~ 19&. .SJ~ CdtMuLc LI ' 81bS T I' I I I I "~~""---"---rr---"""~""<-' AFFIDAVIT OF LARRY YAW The undersigned, LARRY YAW, a general partner of Block 106 Associates, being first duly sworn upon his oath, avers and states as follows: 1. That I am a general partner of Block 106 Associates, declarant in the Condominium Declaration for the Durant Mall (a condominium), and presently the fee simple owner of residential condominium Unit R situate therein. 2. That for a period of at least eighteen (18) months prior to the date of this affidavit, that none of the eight (8) apartment units within the said condominium Unit R have been rented within the low or moderate price employee housing guidelines as set forth in the official code of the City of Aspen. 3. Further affiant sayeth not. Dated: August~, 19B3 State of Colorado ) ) ss. County of Pitkin ) Subscribed and sworn to before me this ghe( day of August, 1983, by Larry Yaw. --- WITNESS my hand and official seal. (SEAL) My commission expires: 8- 15 C4 /If!rf;.;f pff~t'icl fJ /v.ibJl~.l../J oJ Address: '2ok 41bt 04-p-u-. C.? I G I Z. "'-, -, #'.. - .. MEMORANDUM TO: Aspen Planning and Zoning Commission FROM: Colette Penne, Planning Office RE: Durant Mall - Condominiumization DATE: October 4, 1983 Location: Corner of Spring and Durant Zoning: NC Applicant's Request: Approval of subdivision exception for the purpose of recondominiumization of the Durant Mall such that Residential Unit R (which contains 8 rental units) will be separately condominiumized as 8 individual condominium units. Referral Comments: The Engineering Department requests that the proposed resubdivision be contingent on the recordation of an amended plat indicating the changes and clearly de- lineating the new units as well as any common elements associated with them. The amended plat should reference the prior platting and have approval certificates for the City Engineer and Council. The Housing Authority recommends that based on the evidence submitted by the applicant that the eight Durant Mall apartments have not been rented over the last eighteen months within employee housing price guidelines, that approval be contingent on the notice requirements and six-month rental restrictions of Section 20-22. The City Attorney's Office recommends that this application be processed as an exception from the full subdivision process pursuant to Section 20- 19(c) and (d). They point out that the Builidng Department must inspect, as required in Section 20- 22(e). In the condominiumization of the "Little Victorians", the p&Z asked questions regarding the separate metering of, or commonly provided utilities. The following conditions were recommended: 1. The applicant should draft (in a form acceptable to the City Attorney) and record a Statement of Subdivision Exception. 2. The applicant should draft (in a form acceptable to the City Attorney) and record a deed restriction to satisfy the requirements of 20-22(b), Section 20-22(a) for existing tenant provisions, and if Engineering so recommends, join in any special improvement district. 3. The recondominiumization plat be filed within 180 days of the final Council approval. The Building Department requires the following work to be completed before this condominiumization can be finally approved: MEMO: Dur,lnt Mall October 4, 1983 Page Two ......./ "1. The lofts in Units D, E and H must be removed or extensively remodeled for life- safety compliance. Units E and H, which are currently being used for sleeping and Unit D, that may potentially be used for sleeping must be provided with egress windows and legal stairways for use to continue. 2. The existing smoke detection system in all units must be altered to comply with NFPA Standard 72E; this involves the addition of smoke detectors in the high-peaked ceiling area. 3. The existing alarm system must comply with Section 9-3(z) of the Aspen Municipal Code." Planning Office Review: All eight of the dwelling units have rented outside (above) low, moderate and middle income guidelines as presently adopted. The upper limit of the price restrictions is a rental rate of 82~ per sq. ft. The lowest price of any of these eight units was $1.04 per sq. ft. In the past, there has been concern about the separate metering of utilities. In the case of the Durant Mall residential units, each apartment is separately metered for electric, phone and cable service. Common utilities includes elevator service, water and gas heat. A print-out of the common utility costs was supplied for the past eighteen-month period and the average per-month cost was calculated at 3.2~ per sq. ft., thereby reducing the cost of the lowest priced unit to $1.01 per sq. ft. (still above the guidelines). This evidence satisfies the requirement of Section 20-22 that the supply of low and moderate income housing will not be reduced by this approval. All provisions of Section 20-22 will be required of the applicants in this condominiumization, specifically six-month minimum leases, tenant notification, no substantial increases in rental prices following condominiumization. Planninc; Office Recom: ..dation: The Planning Office recommends approval of subdivision exception for the purpose of recondominiumization of Unit R of the Durant Mall into eight Units (A-H) with the following conditions: 1. Recordation of an amended plat within 180 days of this approval which indicates the changes and clearly delineates the new units as well as any common element. The amended plat should reference the prior platting and have approval certificates. ,." t......, MEMO: Durant Mall' October 4, 1983 Page Three ";" 2 . The new units are subject to all provisions of Section 20-22 and a deed restriction should be drafted by the applicant (in a form acceptable to the City Attorney) assuring compliance. 3. The applicant draft (in a form acceptable to the City Attorney) and record a Statement of Subdivision Exception. 4. The work required by the Building Department (and listed in this memorandum) must be com- pleted prior to the sale of any unit. 5. Applicant be required to join any future improvement district according to the standard Engineering Department requirements. c ".." LAW OFFICES OATES, HUGHES & KNEZEVICH PROFESSIONAL CORPORATION THIRD FLOOR, ASPEN PLAZA BUILDING LEONARD M. OATES ROBERT W. HUGHES RICHARD A. KNEZEV1CH DEBORAH QUINN 533 EAST HOPKINS AVENUE ASPEN, COLORADO B1611 July 29, 1983 AREA CODE 303 TELEPHONE 920-1700 TELECOPIER 920-1121 BRADLEY S. ABRAMSON Ms. Alice Davis staff Planner City of Aspen Planning Dept. 130 s. Galena Aspen, Colorado 81611 Re: Resubdivision of Eight Condominium Units situate within the Durant Mall (a Condominium) Aspen, Colorado Dear Alice: This letter shall serve as an application made by Block 106 Associates, a limited partnership, for the resubdivision of residential unit R situate within the Durant Mall (a condominium) as described in the Condominium Declaration for that project recorded in Book 308 at Page 513 of the records of pitkin County, Colorado. I have enclosed herewith a copy of the Condominium Declaration for that project. You attention is called to Para- graph 3(b) as contained on Page 6 of the Declaration setting forth the right of the owner of said unit to resubdivide the same. For your information, Block 106 Associates was the declarant in the Declaration and has been the owner at all times since 1976. The apartments are described on the Condominium Map for the Durant Mall recorded in plat Book 4 at Page 565 of the records of pitkin County, Colorado. I have enclosed a copy of that map as a part of this application. The applicant is applying for an exemption from subdi- vision pursuant to Section 20-19 of the Municipal Code of the City of Aspen recognizing that any approval granted for the exemption shall, nonetheless, be subject to Section 20-22 of that Code relating to condominium conversions. We feel that the exemption would be appropriate under this application inasmuch as the types of issues normally discussed in subdivision applica- tions were addressed at the time that this project was developed pursuant to the provisions of the City's Ordinance 19, Series of 1973, regulating sUbdivisions. As I indicated to you in our recent telephone conversation, the eight condominium apartments c .....-, ,.,~/ OATES, HUGHES & KNEZEVICH, P. G. Ms. Alice Davis City of Aspen Planning Dept. July 29, 1983 Page Two for which subdivision exemption is requested have not ever been rented within the low and moderate income housing guidelines and therefore full compliance can be shown with Section 20-22(c). please advise as to what evidence you will require in this regard. Please contact me to request any additional information which you may feel you may require in order for staff, the Planning and Zoning Commission and City Council to consider this application. Finally, I have enclosed a check in the amount of $1,010.00. Very truly yours, OATES, HUGHES & KNEZEVICH, P.C. By: ~ at:u LEONARD M. OATES LMO/mlp Enclosures cc: Mr. Larry Yaw, General Partner, Block 106 Associates , , lOr-.. r-.. ~ 1M O\...:t 0 , . IUi 0\ "'""' t""'l 0 ,.... 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NWWWW woooo VI ..p.. .s;:... ..p.. .s;:... ,J::-. ..p.. 00000000 . . . . 00'00'0000 O'\NNNNNN ..p....p..~..p..~ 00000 . . . . . 00000 NNNNN '" '" '" '" . .... .... 0> co " , ~, ....... - MEMORANDUM TO: Building Department FROM: Colette Penne, Planning Office RE: Durant Mall Condominiumization DATE: September 13, 1983 Attached is an application for subdivision exception in order to conominimize eight (8) units situate in the Durant Mall (Unit R). Please review the material and plats attached, and return your comments to the Planning Office by September 23, 1983. This item was on the agenda for September 20 and was tabled in order to obtain comments from your office. Therefore, it has been rescheduled for the October 4 meeting before City P&Z. Please inspect and return the results to me by September 23. Thanks. /"'", r-, '""..... - MEMORANDUM TO: ~ity Attorney vC1 9- Engineer ....JiOusing Office PLANNER: Colette Penne RE: Durant Mall Condominiumization DATE: August 18, 1983 Attached is an application for subdivision exception in order to condominiumize eight units situate in the Durant Mall (Unit R). Please review the material and plats attached, and return your comments to the Planning Office by September 5 so that we may prepare for its presentation on the September 20 City P&Z. Thank you. \ ~ J ,). ,.-t , ',~L:-" -; , '~J ---t----- '-r~) k:) I"" ,J 0v'C\ j v'~' 1.~ L/ f / I :.. J . ~,,! .. ! '---- , , ' i ~'__ ---, "_.- i-- ~. /. I~' , J.( /(J )< , .' . \ \.J ......... I l ....'-, ;; I ._~..';- I \ ~)- " 'J/ ~. '-'-_' l. <:::/ / I,' , / j,-~ I " " ! \<. -..~- .. --;-----; il) .Jv ASPEN.PITKIN I1-.:GIONAL BUILDIN~", DEPARTMENT MEMORANDUM TO: Colette Penne, Planning Office FROM: Jim Wilson, Chief Building Official ~ DATE: September 28, 1983 RE: Durant Mall Condominiumization I have inspected the eight residential units on the third floor of the Countryside Building, the westerly of the two Durant Mall buildings. Before this department will approve condominization under Sec. 20-22(e) of the Aspen Code, the following work must be completed: 1) The lofts in units D,E and H must be removed or extensively remodeled for life-safety compliance. Units E and H, which are currently being used for sleeping and unit D, that may potentially be used for sleeping, must be provided with egress windows and legal stairways for use to continue. 2) The existing smoke detection system in all units must be altered to comply with NFPA Standard 72E; this involves the addition of smoke detectors in the high-peaked ceiling area. 3) The existing alarm system must comply with Section 9-3(z) of the Aspen Municipal Code. -~--'. ,.\ " , (', ': 7. <'ii" offices: 110 East Hallaln Street Aspen. Colorado 81611 303/925-5973 Inail address: 506 East Main Street Aspen, Colorado 81611 c " -' LAW OFFICES OATES, HUGHES & KNEZEVICH PRO FESSIONAL CORPORATION THIRD FLOOR, ASPEN PLAZA BUILDING 533 EAST HOPKINS AVENUE LEONARD M. OATES ROBERT W. HUGHES RICHARD A. KNEZEVICH DEBORAH OUINN ASPEN, COL.ORADO 81611 August 3, 1983 AREA CODE 303 TELEPHONE 920-1700 TELECDPIER 920-1121 BRADLEY S. ABRAMSON Alice Davis Staff Planner Aspen/Pitkin Planning Office 130 S. Galena Street Aspen, Colorado 81611 HAND DELIVERY Re: Block 106 Associates - Durant Mall Subdivision Application Dear Alice: Enclosed you will please find the Affidavit of Larry Yaw which Lennie asked that I hand deliver to you today. Sincerely, OATES, HUGHES & KNEZEVICH, P.C. By OtuuJL Ja~t L. Weinstein Se retary to Leonard M. Oates JLW:slf Enclosure ~ ~ r J~..".,,:~t'~i~~,-~~"~:' ';,- " i. ~~.....;::~;" .. i ,..:!! ~:- (', ~, ..~",:;,.:, '.----:.._~-~'j 1t:H:I~r;' JuUe Hone REcorder RE~ord.d At 11:$0 Nl February 6. 19711 RLCCptiOIl no '1' t-f . ",' >}.7;. f ~,;., l~i~, ~';: > 1llOt30B fAUUa CONDOrU~HUH nrCL/\Ri\TION F('R THE nURA~T ~tl\LL (A Condor.liniuml TillS lJl;CLAr.X:-IC~:, ;,:,~':k ~nd entered into by llLOCK 106 ASSOCIATE;:, a Colc" '. , 'u' nd p.l.rtncrshiIJ, hcrcind~l.:::r refer:.+cd to dS "Decl.:lr.lnt": -:-,". l '\ f;':"" i ~ t ,'. ._"""-~~ E... t f ,,~ ~, ~: :~' WIT N ~ SSE T H, \iHERCI'.S, the Dcc)ar::nt is the c'.mer of I...:t::l-i..,-.i:-. :-::-'! property situate in the City of ~sncn. County of Pitkin, State of Colorado, described as follows: The easterly one-h,]f (l/~) of Lot L aJ'~ Lots M. r\. u, F- dllU C. i.. Bl::=k 1015, r.r7':.' AND TOioJ:';Sl'i'E or A5P!:~, and WHI:REl\S, the Declarant h,lS improved and i~ i~provinq the above-d0~=ribed real property with a rultj-lcve1 CO;~~0- Il).inium proj :ct in the fann or t,,~,t..: (2) buj l(linos to IJe '..;.nG'..;~ :IS the West BJilding ann the I:~st Buildinn constructcn over a.oeiuw 'J..u...:: Fa!."hna le':cl, ~,'~:iC':~ s~id ca::d071i:'1i'..::"'1 :->rrn,-.(':t will origir.ally consist of on~ (1) reSiuL'/lLi.:..l ::C:-:~',="....,iniun unit belli':: eight. {B) .:!;::'a!.":!':1....nt- (h.;cllin<1 'l:1its situ.3te on the thin~ level above t.~e parkir.g level iI. the t'Jcst P.u.lldinf~, twenty-three (23) enclosed cOr"\DC'rcial CO;,{;I);~iniu::1 units a;",G three (3) unenc]'"'lC::0d r.:o:7'~~C!r::ial Il:lits all :lbo\'c t:,c :),lrki:'1('T level of buth of the lluildi7H1 <\;'ove ni'l~cd. and :li:-,..tcC:1 (l~J cOITlI!lf.'Ic.ial :::::::d~:"'1"'li\1:r. uni...:; situ.'lle i:1 the S.lHl ?arkinr'l level, all of which units .....111 b~ lr":::iit.:.c: as i!li "\Jl-.ll ~arts f a singlc condominiu::l o'.-:ncrship 9PJicc:..: and. WHEREAS, each of said two (2) mUlti-~Lvl-':- ~"..:: ~di~r:c:: "':111 ntain three (3) levels ~lus cnc (II In~nl in ~he baSC~e!l~ hich ',..-ill be dpvotcd orimarily to par):ino at l('i1st as long as the sarr\C shall he reouircd for t.he I)n,;~::':'':: ll'''H:'.:-r the 103'..;::; of the City cf Aspen. ,,11 as nlore :u11:' !'rr\VJ.:.d f~r i:1 par;'tgraph 17 hereof; two (2) lo'.'cls Jbu'."'_' t~2 :'.:r}:l!"'..... lpvel in the ~est Buildina .)n~ three (3) lev01s a~ovc t.h~ vJrk- ing level in the East Building whi~h wiil b~ devoted' to commercial and/or profession.)} purposes; and one (1) level on the th~rd level above the p~~king level.in the West Building which will be oevotcd to the residentlal condominium unit; and WHEREAS, the Declarant desires to establish certain rights and e3sem~nts in, ovC'r and UPOII s2.id real property for the benefit of itself and all futurc owners of any part of said real property, and any air space unit or units thereof or therein contained, and to provide for the harmonious. beneficial and proper use and condUl..:L of t:-.~ ;'r0f'nrt.y .:md all air space units; and WlIERE^S, the Declarant desires and intends that the several unit owners, mortaaqees and trust deed holders, i. '~; ..-.l-f:..&......- 1;.. .----,,-,.--' _--....I ''''........'~._- ...~---~-......, .....--+._~.- ~._- --'"- ll<XJ(~u3 n.uG19 '," occupants, and other persons hereafter acquiring any interest in the property shall at all limes enjoy the benefits of, and shall hold their interests subject to the rights, easements, privil~~cs, restrictions and obligations hereinafter set forth, all of which arc declared to be in further.:1ncc of a plan to promo~c and protect the cooperative as~cct of the property and are established for the purvcse of enh~ncing and perfecting the value, desiraLility and attractiveness of the property. , , NOW, THEREFORR, Declarant docs h~r~ty ~~~lis~ a~d dpcl~re that the followlnl.) ter;rls, cC";;:::;'3.r-.ts, C"onnitions. easements, restrictions, uses ~~m,L~~ions and obligoLions sh~ll be deemed to run with tne lana ~bove uescribcd, shall be a burden and a benefit to Declarant, its successors ~nd assigns, and any person acquiring or owning an interest in tr.~ subject prvperty and improvem~nts, their grantees, ~ortgag~es. succes- sors, ne1rs, execulUL5, u~~i~ict=at0~~: npvisccs or azsigns. , " I' I 1. Definitions. Unless the context clearly indicates a different meaning therefor: i (a) "Decla~ati0n. means this instr~~ent by which I' The Durant Mall (a Condominium) is established. (b; ~R~::;.i.U.t:I'':';'' .;;:- t~e "!"'":.'C:lnpnt_ial unit" means the individual air space unlts consisting of enclos~d r0C~S forndng eight on apartment dwelling unit.c- occ1.:pying the third r level above the parking structure of the h'cst Building ar.d I" bounded by t.hc interior surfaces of each of eight (8) res?€c- tive apartrr.ent dwelling units, i.e., the interior pcri~eter walls, flcor~, ceilings, windows;-and doors t~ercof aDd the interior 3\,'.rfaces of built-i:1 fir0:~',"rP;5. if a:1)-", all as sho'.~'~ and numbered on the Condominiu.rn nap filed for recorn, togl2t!"'.cr ~ith all fixtures and i~?rovemenls therein cuntained, but not including hallways on the said third iev~l. ~hich ~h~ll be ~ limited common element appurtenant to ~he said residential u:1it. and not including any of the structural CC~?2n0~ts of a building, if any, within thp said residcntial u"it. Said residential unit shall be subdiviuabll,; LlS h(;rCll~~~':C"r ~ro'.'itl.-.,l in paragraph 3(b). I , tc) "Encloseu corr....,c=cial u::it" !T1Pt=lT":S an individual air space unit, consisting of an enclosed room or rooms occupy~ng part of or all of the first, second, and third levels above the parking level in the East B~ilding, anu ~a~L of or all of the first and second levels above the par~lng level in the West Building, anu bounced by tl:c intr:>rior sur- faces of the perimeter walls, floors, ceilings, windows and door~ thereof, as sho.....n on the Connor.liniUf.'l :.1a;:l filed for rcc,:,!"d, together with all fixtures and i~provcmcnts therein conta1nec, but not irlcluding any of the structural components of a building, if any, within such unit. (d) .Unenclosed commercial unit" means an indi- vidual air space unit consisting, except for floors or otllt~r bott9~_bQKizontal surfa~e5 which shall be a part of the unit of horizontally-iinJ vertlca~~y-ph~i~ally une~closcd area located by hypothetical horizontal and vertlcal planes measured F in relation to a point or points on a boundary of the pro?crty, as shown on the Condominium Hap filed for record,' the upper boundary horizontal plane of .....hich ::illall b~, insef.)r as Vnit M-l is concerned, seven and one-half (7 1/2) feet above the lower horizontal plane thereof and, insofar as Vnits M-2 and M-3 are concerned, twelve (l2) feet above the lower horizontal boundary plane thereof, together with all fixtures and improve- ments thereon and therein cont~~.~d. but not including any of the structural cc.---oncnts or eAt-crior p;!rL; Q I')f "': building, if any, within such unit. -2- t '. 'f '7'~ &.. c,S >[ " .' / ( 'U'3 "t"" C.JC,:J'. JIoU ~"U (e) .Parking level commercial unit- m~anB 4n indi- vidual air space unit, consistin~ of arC3S forming a part or all of the parking level underlying thu buildings above named I which are presently open, unenclosed and devoted to parking . for the project, but which may subsequently be bounded by Euch interior or perimeter ~alls, floors, cp-ilinqs, windows, and door__ thereof as may hereafter be constructed in conforrnauc::e with ~~e .condominiurn map and terms and conditions of this Declarat.ion. (f) "Unit" mt:ans an cnclo:;::d ",.. l1nenclosed commer- cial unit on any level or a residential unit, together wiln its un,~ivided inL,:,-nC'''' ~""! the qeneral common elements as set forth on Exhibit "A", and the limited common elements appur- tenant thereto. (g) "Owner" weans any person, tirm, \...vi:pv:-.-::t.i,:,!"', partnership, association or other legal entity, or any cornl>ir.ation thereof, at any tim0 owning a unit; the term "1J~::'~r" shall not refer to an~' ~ortgagce or Trust Deed ho] der as herein defi:led, unless such ;.tortgugcc or Trust Deed ho] der has acquired title pursuant to foreclosure or any proceeding in lie~ ~f fnreclosure. (h) gage, deed of a unit or any "Mortgagee" or trust, or other part t.ilereof is "Deed of Tr\Jst M IUca,-.3 .::-~. !",f)rt-- security instrl~ent by which encu..~bcred. (1) "Mortgagee" means any person named as the mortq.:..gee or benefiCIary under ar.y :-1ortgage or Deed of Trust under which the intere~t u[ aUJ ~:~~r is encumbered. (j) "Occupant" ~pans any person or persons, other than the owIler, in pO~S'2~S;()iI of a unl.t. (k) "Entire prcmise9~ or "Property" or "Ccndcminium Project" means the hereill.:l0u',;C d'2sr:-r'ihed rt::.al property, all improvements and str~ctures constructed or contained theILio, inch;ding the buildings, parking level. and al.l casements, rights and appurtenances belunging theret-o, and all fixtures and property intended tor ~he IlluLu~l ~~e, benefit or enJoyment of the unit owners. 0) "Building" or "Buildings" means the West Building, the East Building, rarking level or oIly 0t:--..:= b~~l.~;ng i:-:T:rO'l'-'- ment comprising a part of the p:-operty and containing the u;lits, except the unenclosed commercial units or any Hnprovcmcnls there0n, (m) "Majority. or "Majority of the Ur,it Owners" means the owners of more than SOt. in the aggregate in interest .Uote - Because of the requirements of the City of Aspen Zoning, the entire parking levp.l shall rcm~in 09co, unencloseu and unobstruc~eu, one b~ d~vnred to parking, until such time as parki.ng shall be no longer rcC]uired for the CUlluuil.i;;i~~ l'~njpct. If and at zuch time asp"'rkiog shall be no longer required, physical divisions may be made respecting parking level commer- cial units as "propos0d and allowed" and delineat~d by dotted lines shown on the portion o~ the condominium map depicting the said parking level, nr as may otherwisc be permitted by this Declaration. -3- , .' , l ~~08 ;,.':tGZl if ) of the undivided ow~ership of the general common elements. Except as otherwise herein provided, any specified percentage of the unit owners, whether majority or otherwise, for pur- poses of voting and for all purposes and whenever provided in this Declaration, shall mean such percentage in the aggregate in interest of'the undivided ownership of the qene=^l common elements. ""- (n) -General common elements. means and includes all portions of the prnp"2!'t;y ::::;;:;:q:..t lil~ units, lncluding but not limited to, the ~011owing: f~J 'r: (i) The foundations, columns, girders, beams, supports, perimeter and ~upporling walls, roofs, balconies, i~,ll; (ii) The yard$. malls and gardens, except those are.:1S thcreon designatcd itS unencloscd cc::,.!:',ercial units; (iii) Any installations consisting of equip~pnt and ~ateri~l~ ~uk~Dg u~ a~y central utility syst<:r.lS; (iv) Any elevator and/or conveyor ~yst€::! (except those designated~on the Condominiuw :.lap for use as a limited C0rr~on elc~ent) and, in 3e~eral. all apparatus and installations existing for co~~on use; (v) All pipes, wir~s, ducts, flues, chutes, conduits, public utility lin~s (to the o~tlets) and structural componpnts run~i~; tll1,ju~h a uni~ and serving more. than one unit 01' ~crving, or extending into. ',:he gen~r~l ("01"":'10:1 ~le~erll::;, .or aut !Jdrt thp.rcvf, (vi) All other parts of th~ property aIld improvements necessary or convenient to its existence. maintenan~~ and ~~fcty, ~l llarmally 1n C0~mon use. (0) "'Limite:i common ele~ents" r.1eans ~hose part.~ of the gene! ctl corrJl1on plo::>ments \-l~ich arc rtsE:rve:.l by t ~e terms herp.0f fer the exclusive U5e of the owner(s) of ane or more, but less than all, unjr5, and which ::Jay be idE:n~,i- lied on the Condominium Map. -" (p) "Com.L\on expenses" means and includes; (i) Expenses declared co~mon expenses by provisions of this Declaration and the By-Laws of the Association; (ii) Expenses of adi;-.ini~tration, operation and management, maintenance, rcpair, re?laccmcnt or _~mp;-ov~~..Dt ~f_,_ the general corr...-nun elements, " (iii) All sums lawfully asseseed against the qeneral (:()IT'!T',_'n el~~.~:-:t:;'by t~10 ,\::;::;vr.;iaLion, and (iv) Expenses agreed upon as common expe. .:ies by the members of the Association in accordance with the terms and provis1ons hereof. -4- ~;,-,,-~' ~',"'<7_" l'......c'.-c, <t A .-pi:' -'_~_II"~j'." ' _ ~.:-.;/:' 1 i " " . ;1!J~'" t~~~ ~?;~:~- :'\~ , 'Jj.' "'.... ,"'. .'.. ...:::,,:k. ~~~r iii,'" . ~.,;t~~ ~f"'.f1~ ~ u.~"'" __ "k1Ol~~8 fAU:522 " (q) -Association- means a nonprofit Colorado corporation, its successors and assigns, the Certificate of Incorporation and By-Laws of which shall govern the adminis- tration of this condominium property and the members of which 1II~,,,11 be all of the own.~rs of the units. The name of such cOlporation shall be The Durant Mall Condominium Association, Ltd., or a similar name. (r) A~,!;ociation. MBoard. means the Board of Manaqer ot the (5) MCondominium Map" means a plat or survey of the surface of the ground of the property, showing a survey and legal description thereof, the location of the buildings ~ith respect to the boundaries of th~ property, together with a diagrar.natic floor plan of the buildings showing the bounc2r~es or each un~t wIthin the buildings, including i.=rizontal and vertical locations and dimensions of all boundaries of each unit, unit numbers identifying the units, together with such other informatior. as may be included thereon in the discretion of the Declarant. The Condominium Map, and any necessary supplements thereto, shall be fil~rl for record in the Pitkin County real prop~rty records. L. uivrsIon ot Prooerty Into Condominium Units; R~creational FacIlities. fa) Subjee+:: te. subsequent right to subdivid~ as hereinafter contained, the real property hereinabove des- cribed i~ hereby divided into the following fee simple e~t~t~s. tw~nty-thr~e (23; separately designuted enclosed commercial units above the pcirking level, nineteen (19) comme:; ..=ja1 units on the parking le'lel, the use and enclosure of .....nl.C":l are hereidJt:[ure and fit! 0i:1fL~:t- ~1-0\iide,j for, thr",e ()) s~~aratcly designntcd unenclos~d corr~ercial units, and one (~) sEparately ~csignnted residc~tial unit, and the un- divided interest in and to l~e general COl1lJ':'lOn clements aiJpur- tenant to each unit as is set forth on Exhibit A attached here-to and by this rcferc:nce :i1ade a part h.?reof. (b) The Durant Mall, being principally for com- mercial purpose, contains no major recreatjonnl facilities. 3. Combination and Division of Units. (a) Declarant hereby reserves the right for it- self, its successors and assigns, to physically co~bine the area or space of a co~~crcial unit (enclosed or unenclosed. on the parking level or any level above the parking level) with the area or space of one or more adjoining commercial units, and the aggregate of the undivided interests in and to the general cornrnon clements appurt.enant to such combin~d units snaIl b~ appurteu<1.IIL tu the une eJllc1l.Y~u CVhUll~L~.i..c1l unit which sh311 r~~ult from such combin3tion. In the event of such a conbinati0n, I)~~!arant shall cause to be filed for record an am~nc~cnt to Exhibit A and to the Condominium Map describing ar.d depicting any such combination. Declarant hereby reserves the right"for itself, its successors and assicns, to desiqnate portions of the general common clements contained within the perimc~cr walls, floors, ceilings, win- dows and nOQrs of any unit which shall result from a combina- tion as aforesaid, as limited COMmon elements reserved exclusively for use by th(! o....r.ers of s\:..::h unit resulting from a combination arid to convey appurtenant interests therein to any such owners. " -5- I , F c " ',; ,. ;i .. if " !: i I' ,: , " f " i c,'= <~ , .. " ~ ~. "i;: ~ ri"~: (iF" ~.: _i<. ~ '." ... ~.]:f , (~" ,. IL~-'- .,. fi ( I .... "8 -()I) &..~JU I'~,[U'-<) , L.. : rr~';. :'..!- ct"" ,..- "'...p:; ;'....;..-;~~-:;;:;~4;;j:: a.~i'f:~l' '~-~'ei-!.-.-Z: ~...;-rg;:~- -s-; ".-"'..,~ ~;)f'f ~:.~~':4"~':"'~(;~\.'''-'' ~~'~i,.$";:~~'~:'''''''f~ .."lI~7...1fit1/,'f~:l'J~"h~"..-~'{~:.r.'; ,~",~" ;," ~~, ... ~r -i~' ~_..:'#ih""". ........';4...... ,,'! ,.~.t:'.t~~ ',_';"r,,-.-'-- .fe.'i"'~1\..- -~. r~~'S ~",~,~_;.' )' ", ',', ,,"" -~'!:: ~"... .:t.4Wi II , , , ~ I Jb) The owner of the one (11 residential unit .hall have~~he right at any time, subject to compliance with the land ,use regulations of the City of Aspen, Colorado" to 'subdivide' said_r~side~tial_unit into the eight (8).~eparAte ....1csidentlal dwell'ing - apartments in the -configuration .,s...... ,.. l~hown -~he Condominium Map upon the filing for record o~ Land/oJ;. rtl.~~~,~~~'~:~,i ;~i" '" written st~ternent, si9n~d .I;'1d ,~<~ ,,_~ knowlE:::l:-~(.. "'~""-""''''-wncr making such subd~vls10n, li~~ l.'Cribin9""'Such "subdivision and the number of separate r: residentia'l units into which said resicential.uni-=' i '.1s being divide>d; .# ,.",. L. _. ... . ~!~i).An amend~cnt to Exhibit A setting for~n (t-he unaiv.lu~u. .lJli..~.u.:.:,."" :..;;. the :;:::,.::,~::l C~~,,:"""':"'" ",,1 p",p"r.t; ~hich sh311 beaoourtenant to each subdivided residen- 'tial unit1 PROVIDED., HO~.X...?r:Rf'that the .total aggregat-e , undivfded_-Tntc'r'e~ts in the general common :elementSK appurtenant~~o'all such residential units after and resul~iryg~irD~-the suL~ivision shall i~_ the aggregate ~qu"l' t:.he','un~i~ided interest"in the general co;r,mo11' ~,l~m~n}~w~r~~~,~e!'c .appurt~nant "tc? ~11e single resl~~.( ,$aent'la1."un1. t"' '}JL".lUl""'t.C 's....::~ ::;-..;,z-~:. .::.=:.~~: ,. ,. ., " ~ l ;"'(iil:) .~....A.n__ amendment to the Condominium M.:3p describi'il9"and"~di?pi~ting' such subdivision and -::ach ~ residentia1."'uriI-r 'resu"l tirig , therefro:a. Such docu;:1.en ts thalieach 'set~o~th the identifying'nu~bcr by w~lch each such sub:Hvided unit will thereafter.'"be des-~ c..:ibed, each :1-...::::bcr 'to be di-f!~P2:"!t frnm theidenti- tying nu.~ber of all othc.>r units in the' bUild,lng. :1 I; , j; , 'I (c) In the event that the parking requirment s~all be r~moved so that parking shall n9 longer be rcqui~ed for the project the o\oJncr{s) of parking level corrle:-cial u.ni~s numbered PS-16 th.ro~ghf'S-l:i, shall r.avc t:-.e ~.:.:;::.:., ~t ?,~:. :.i::,:~ thereafter to subdivide said nu~bered units into addition~l separate parking level co~crcial unit5, r.o~e of which unlts shall be smaller than one hundred Sixty-two (162) syuare feet in size, UpUf. lhG fili~; fer record or rec0rdin~ nt: I' (i) A written statement. signed and ac- knowledaed bv the owner makln':J !'>Ilr.n !=;llnrilvislllll, l:i....~- cribing.such~sutdivision and the number of separ~te parking leve-l conmercial units into which said cor:,- ~~rcial unit is being divided; " .. ! I " , !, (il) An amendment to Exhibit A setting forth the undivided intercs~ in the generdl common ele~ents ~hich shall be appurtenant to each such subdivided parking level COIT~ercial unit; PROVIDE~, HOWEVE;t<, that th-:: total aggregate undividec interezts in the general co~.on 21e- ments ap?urtenant to all such parking level com- mercial units after and resulting from the sub- division shall equal the undivided interest in the general ccr.~on e)cmcnts which were appurte- nant tv t.:-.c r:J.rl~i:1:; lC":c.!. c~~_~e!',:i"'.l un;t- prior to such subdivision. i, " " I: I r ,. (iii) An amendment to tl-.e Condominium Map describing and d~picting such subdivision and each parking level cor:~erc'~~ ~~:t rcsul~ing therefrom; Such documcnt(s) shall eaclI ):ict forth the identifying number by which c~ch such 5ubd: idcd parki~g level commercial' unit will there~ftcr be -6- ii " eC~~03 ;-:'CE v~-1 , , ' doscribed LJ,ch number to be 051 fferent from t, iden- tifying numner of sllother units in the buildlng8. (d) ~~y combinations or subdivision made under subparagraphs (a), (b), Anu ee) immediately last preceding shall require the unanimous written consent of the holder::; of all first deeds of trust and mortgages affecting all or any part of the units so combined. or unit or units so subdivided. ee} The Owner(s) shall have the right to construc~ such partition walls and other improvements as such Owner(s) shall deem necessary to create accc~sible, usable and functional parking level commercial units in the pvpnt of any subdivision under the provisions of subparagraph (e) above preceding pro- vided that the same are consistent with the preambles hereto: PROVIDeD, ~~ot'lr:VEH, :""",'0 . I =_-=h sllbdivi~iuJj, UJ.- dUY 0:..~.cr subdivision or combination unuer this paraqr~ph of thi~ Declaration, all of the terms, conditions and provisions of this De-=laration. including definitions contained in paragraph 1 hereof shall .::pply to such st:bdiviul.!u units; and PROVIL'!:D, !".1H'!'!;E~.- t;h.:>t ",,.t:'(H:'~ to all such subdivided or cor.illined ur.its shall b~ ~stdblished in the documentiJtioncrcat.ing the same. . .:i.:,~ ::; 4. Limited Common Elc~cnts. Any balcony or balconies which adjo~tne residentIal unIt ~nd w~ich ure accessible therefrom shall be a limited COF.Ll710n elCr.lerlt reserved exclu- sively for use by :.te O....:ncr{s) of such unit, to tile o:>xclusion of all other owners, except by .illvii.<Ji.;0i'. ::-. t~.e c'.',::::t 0: ~~~i~i~i0~ of ~~~ rp~'n~ntiol unit. the same nay be further limited so as to provide for the logical use thereof by the owners of the residt.,ntial units, or some of them. Other areas desiynaled on the Condorninil.~ :1.:1? as limited CCr.l":lon eler.ents for the benefit of a commcrciul unit or units shall be reserved exclusively for the benefit of such unit or units, to the exclu- sion of all other t:nit OWncr~, exc~pt by invitation, and t!1-: saTN:' n"po nnt. arHoin the seJid cor.u-nel"Ciul unit for the Lcncfit of which it ~xists. The portion of the corridor shown en the Condomin1L'm ~..lO on the third level of the Last Buildinq and labeled as , limited corr~on ~lcncnt mal' at its northerly extremity, be partitioned by mutual .....ritten agrecnc!1.t of the o1mers of Units E-ll, E-l2 and E-l3. In additio:1. the floor of said corrioor, being a limileo common element, may, uy mutual 'Written agreement and consent of the m...ncr""' uf Units E-ll, E-12 and E-13, be raised no more than eight (8) inches above its present height in the event that it shall be !1~'ccs- ~ary to use said corridnr to install utilities to and in the \lnits on the third Jevel of the East Building in order to use the said units for res~dential'purposes. . ii ;,~ , t .~ < s. !n~ep.:'.lr.:tbilit'l ~~ a CS'~::,;~.:~i~ tJ~it. !:::-:~q~t.:1:: provided in pardl]lapns 3 dlld 17 h.::.-(.c~ rc~p:'::::':J.n'1 t h("' mOQlfl- cation of percentaqe interests by virtue of subdiviSIon, each unit owner shall at all ti~es be entitled to the pcrc~ntDge of ownership in the general COITlr.;on clcil0nts appurtcH.3nt to SUCi1 unit as set :orth in Exhibit h. Each owner ~jldll Qwn such undivided interest in the general ccnmon elemc~ts as a tenant in common with all the oth~r owners of the property. The percentage5 of o~:..':r:::h:F i:-. the ,S'~cr.:ll C0~!!'!(,!1 ~lel!'e!"'!f:"s as c;nt forth in Exhibit A shall, except al::> uLherwise pro.....id.ed in the case of further subdivision. remain constant unless thereafter changed by written agreement of all of the owners with the written consent of all of the holders of first deeds of trust anJ rrortgages. Each unit and the undivided interest in the general common elements appurtenant there~o shall together comprise one unit which shall, except as otherwise provided herein respecting the parking level, commercial units and residential unit, be insepdcdble and non-partitionable, ilnd may be conveyed, leased, devised or encumbered only as a complete unit and subject to the ten::. ~ulldit.ions, and obligations hereof. Every gift, devise, bequ<. , .....::..:..fc. .nc'.Jm1)rarocf"!, conveyance or other ,.",.spositi,;n of a unit ....r ..lOy :.':!.:""~ ~-''''''2reof shall be presumad t'J be a gif':, dC',ris..-!. be'1\lcst, transfer, encumbrance, or conveyance, respectively, of the entire unit, together with all appurtenant rights created by law or bv this Declaration. - 7 - t. " ' f;~J;~1l..I U0 i':'C~ J'-J '; !i 6. Non-partitionabilitr of General Common Elements. general common elements ahal be owned in common by all of the owners of the unite and shall remain undivided, dnd no owner shall bring any action for partition or division of the 9~neral common ele~ents. :::.'f" 't,:,: ~ -4 '~i- - \..:: f' i - i :.... , , " " " ,. i' 7. Dc~cription of Concominium Unit. Every deed, lease, mortgage, trust deed, will or other instrument may legally describe a unit by its identifying unit number and symbol followed by the words "The Durant ~tall" (a Condo~iniurn) with further reference to the Condominium Map Lhc~cvf ~i~~d !~~ record and the recorut:l'] D€:cla':-u.~ic::.. Every !;l.l,=,l1 rlp~crip- tion shall be dee!n€,A ...,...........~ -'~d sufficicT'lt for all purposes, and shall be deemed to con\'cy, transfer, encumber or other- wise affect not only the unit but also the general common elements and the limited common ele~cnts appurtenant thereto. Each such description shall be construed to include, subject to Hl~ u[ lhe tc~== ~n~ Fr~~i~in~~ ~f this Declaration, a non-exclu&ive easement (or ingress and egress and use of the general cu~~on elements, together with the right to the exclusive use of the appurtenant limited common eleMents. 8. Encroachments and E~Sl!!'.lents. ; (a) In the event that by reason of the construc- tion, .1~l.;vj.15t:ruCti.c::, ::ett!'2~<:'!"'t:'" nr shiftina of the b~ilding, or the desiqn or constr~ction of any unit, any part of the general corrwon cle~ents e~croaches or shall hcrea!tcr en- croach upon any p3rt of any unit, or any part of a~y unit encroaches or shall hereafter encroach upon any part of the general CO~70on elements, or any portion of any unit en- croaches ur-~n any part of any oth0r unit, valid easc~ents for such (...l.:lva..::hJ,.e..t c.~d the ~ai;!.t('n.:!nc-,-. 't.r.ereof are heret-y establishp0 and shall exist for the b0~efit of su~h U~lt a~d the gener",:. CQ1,Uaufl el€:i.e;-:t::; S~ cr:c:r0;;:lrh~ng so 1Gng as a1..1 UJ. any part cr the building containi~g such ~~it ~nd the ger.eral common eleme:lts so encroa.chir.~ shall rc:.'ain sl_anding; pro':i(!cc. however, that in no f?VP.r. t shall a val id ca senien t [ or any e::- croacr.r.tent b.~ cl~3.ted in fa....or of tho:? Qt.mer I.)f any unit cr in favor ot the owner:s 'jf the :;c;-..::-.:l c::::"~-::~:-: e1!2';';'.C'!1\ c; .; <f !=;uch encroachment orccrred due to the willful conduct of said owner or owners. Sucn encroachr:/:':lts and easc:':\cnts 5:1-311 :-"ot be considered or ~~Ltr~i~€d to be encu~br?nrp.s either on the general co~on elements or the Jnits. -r~ ~W;\ , -~! .:c;.:~l . ..:>) , ''I' '1 I'" .: .''!'. . ; ;ftt. :,:jI~t., (b) Easements are hereby declared and granted for utility purpose5. i::cl~0i:l~ t.:....:; r.iJ!".t. tc: 'i::stall. ].,"(, maintain, repair and replace watec mains and pipes, sewer lines, gas mains, television cJbles and antennae, tele?oone wires and eguip~ent. and ele~lrical cc~duits. wires, and equipment over, und8r, along and on any part of the general common elements. (c) All casements and rights described herein are easemenls ap?urtc~~~t. running with thp land, and shall inure to the benefit of and be b~~ding on the undersigned, its successors and asslgns, and any owner, purchnser. --;- mor"fgagee-ana o1:"her versD1. -rw---.--i--:"t9" -afl-.-i-nterQ.t----.in_5..a icLJaJ1Q.~~ or any part or portion thereof. (d) Reference in the respective deeds of con- veyance, :or in an:r' mortgage or trust de~d or other eviu~lIl,,;oce of obligation, to the easements and rights described in this Declaration, shall be sufficient to create and reserve such ea~ements and rights to the respective grantees, mortgagees and trustees of such parcels as fully und completely as though such easements anc rlght~ w~rc recited fully and ~cl forth in their ent; r.ety in such o..I..;cumerH.:~: ~~. .'lni.;f'. Hm.;r:VCR, that each such deed, mortgage, trust dceo or ot:..':i- c. ".1ence -8- The ! i ... ,'.' to; " t, ...,.~ ; 1'::' .t ;{. ~. -.s , ~ ~q~. ;~:j~ -'~ l\:.. ,_~.J.. .~ .,! ' "" 'll< .. .,- t>;.' ~1;_ - -~ ..;~~ '. -1~f~ - :::~ :t::' 2. ". .. j. " :'~-' '-U'n rr,"'l0 !' \ ~JCP;u '\~jl,:!;)r;.i) of obliqation L ~' be deemed to creato and re.ervi ~h easement. and rights 42 aforcoaid notwithstandlr.g th~-ab8ence II therein of any referonce thereto. (e) Easements may be reserved and granted by the Dcclardnt and any subsequent owner of a parking level commer- cial unit 80 as to provide for the construction and maintenAnce of partition walls and the installation, repair and maintenance within perimeter walls of utility services therein. 9. So arate Assessment and Taxation - Notice to Asses~or. Declarant ~ a give wrltte~ not lee to t e Assessor 0 t e County of Pitkin, Colorado, of the creation of condominium subdivision of the property (or any subsequent resubdivision thereof consistent with this Declar~tion) ,'as is provided by law, settinq forth the description of the units, 50 that each unit and the undivided interest in the general common elements appurten'::l""~ "-l-__ - r:t") 'ihall be separately 3ssC'5sed thereafter for all taxes, ass~ssmcnts and other charaes of the State of Colorado or of any political subdivision or of aray r;p~.:::ial iwpr'cvc;:-,;:r.t di:.;trict :;r of .::~y ::~:-:.~r taxi~~'J 0'!"" assessing authority. In the event that for any period of till..::, any ta::es, assessments or other chilr"gcs of any taxing or assessin~ authority are oat separately assessed to each unit owner, but are assessp.d on the property as a whole, then each unit o.....ner shall pay a proportionate share thereof in aCC0rdan~~ with ~hat owner's respective p~~~entage of ownership interest in the general common elements. I' : ~ 10. Title. A unit may be held and own~d by more than one person as joint tenants or as tenants in common, or in any real property tenancy relationship or ownership form recognized under the laws of the State of Colorado 11. U~e of General and LiMited COi.U!lon EleMents. Each owner .shdlr U~ ~j.lu.tlcd tv c:.;:cl"'1::::"v'c c'.":::~:::-~::-::? a!"!d ~0~~pc:c:.;()n of that owner~s unit. Each owner may use the generdl and limited c)m'l'lon elements subject tu llu::: It:'ri7",s .::.r:.d rrc...i~i0!"!5 of this De;!aration in accordance with the purpose for which they aloe :Lntended, without hindering or encro.:J,ching upon the lawful rights of the other oWners. 12. Use anu,Ol:CUPdlLCY. (a) The residential unit shall be used and occu- pied solely tor residential puq..lu::;es uy Lhe Q"o..-ner, 01- by the owner's family, guests, invitees and tenants, subject to the provisions of this Declaration. . ~evel m_ay tf~~#~~~~~~~~t~~~~~~;~?ct~"~~~~~~:~{r~ -i' tpurpC?se or ",-P, urIl,' :',~~,'S--a.JS' rnay.~b,' c -_~~Wf~ and "~"l,l?'",'a~l"e~'U,nder, ,al~ ~PPllC~blc "i.:l.....:.'I' ord~n,!J'.l_cs~ ,or _the._.ru}.~s ~~~.~!".y law~~l.p::b~t,~ ;~~utho_r1.'t.Y:PR!?YI~,~I?" "th,~._t "the" enc,l_,?s, c~ cOI1":n~r~ial ~n,'~t~;. si,_,~,f~ .' , ;'on the th1.rd ,lcvcl.of the .East Bu~lchng t:',.J.j' be 'U~ca. for,':TesI- :'aeiihel,!'urposes as Cefin<idinl'"ragr:J>ph'12(a) hereoT,,~on 't~e ' ,;~nditi,on"'!i:t:a,;~~C!t)l~E!. i~ agr:ed ~cj ~nr l.lritins__=-i' ;a~~af".~he- -w . o.....np.rs!lf. unl.ts'~n_ the'S.:lld th~rd level__of t::hc"~~~ Buildlnq,,' and further -that :provisio"n is made" for. thc;"~i'm:;t~liaii&'n:'-of';...:J ~aequ~~.e. ,:u,t~~J itJ,P~'i~9 !siid~;lf"i t:-~,JC:J;:~_~t:l~fl?..o~~~l1c~fwh~~h ,~ha II ljj ,1,lRM~ ..~....!:.r~c;~n!;!.~}__p"urybses) rOJ:~"ll'ie -Df...thesa~ -.f,.pr It J:~s~de!l~lal~" u~ C?-~s,' ~~ ~1, d,' uP,on .",th,i:, ,--~~rther:o.s'()!l21t~io,' tl_~}h~ p~ I ~sJ.den~l~"1~~~?!" ",......aa}~~ >>~,_,DIY WI th~~'8,','W: land use arid ~):!u1:1alng #, '.. regulaUons _ap'Pf1cablfi'to '~e ,pro~QC~ ,.... l' I. (c) Each parking level cOr.1::':.crcial unit shall be used for parking so long as parking sh.1.ll be required as hereinbefore elaborated upon, nnd thereart~r the same may be used as provided in subpara9raph Cb) immediately preceding, after enclosure, subject to_all of the other tcr~s, conditions and obli?ations of this D~~J~~atlon. (d) Each 'Incncloc:~d corranercia~ '.1="1)'\. .....1'1 .~,~ used and occupied for such bu~incgs or conmercial pu~posc or -9- ~3D3 ~AU 527 purposes AS may be lawful and allowable under all applicable law8, ordinAnces or the rules of any lawful public au.h~-lty, and then only with the approval of the Board of Manage1s and membership of the ^s~ociation as provided in p~ra9raph 12(0) of this Declaration. (e) No industry, business, trade, occupation or profession of any kind, commercial, religious, educational, or otherwise, designated for profit, altruism, exploration, vr otherwise shall be conducted, maintained, or permitted ~n or OJl any residential unit. Lease or rental of a r~sidencial unit for lodging or residential purposes shall not be cun- sidercd to be a violation of this covenant. No "For Sale" or "For Rent" SiYIISt aJve~Lising or ot~~~ ~i~~:=ys ~h31! b~ mnint3i~ed or p~rmtted on any part of the property except at such locatior. and i~ such form a~ shall be approved by the t:!oard or t.hL "'........';1.1..119 agent. The right is reserved by the Declarant, or its agent or agents, to place ~For 5aletl nr "J.'nr Rpnt" ~ians on any unsold or unoccuoied units, and on any part of the generai CO~T.on ele~ents, and the right is here~y givell to any mortgagee, who m..:lY become the owner of ~ny unit, to place such signs on any unit owned by such mortgagee. So lor.g as any unit is owned by it, th~ D~cl;trilnt shall be entitled to access, ing~es3 and egress to the building and the property d~ iL shall ~eem nc~c~=~ry i~ ~nn- nection with the construction or sale o~ the buildings or any unit. Tnp np.rl~r~nt shall have the riaht to us~ 3ny unsold unit or units as a model or for sales or display purposes. .. (f) Each Qusiness or commercial establis~~ent operated in a com~ercial unit, or any part thereof, shall be entitled to place one (1) sign of reasonable size an1 in dignified manner containing the business na~e of such estat.l i.; h;";",e..t -...:?~~ t.~c: c:~t:::- ~~:;2 ::::::~:::- c= ~...i~--:C",!S C'f 'S'.1rh establist...'":'lent, or at 5u<.::h L'Liu=.r place ':>'3 ~;:all b'2 ppr~itted by the ~oard of Man3gcrs or l'~anaging Agent. Additional signs may Le placed only as permitte~ by the Board of Ma~agers, which permission may be granted cr ~ithheld in the sole di~c~etion of the Board of Managers. (g) Thc~c ~hull be nc cbst:::-~s~i0~ C'f th~ gpnPT;tl corr~on elecpnts nor shall anything be st0red in the general common elenents ~it~out the ~rior cens2~t L~ th~ Eaa=d except dS hereiu C:;';:l~rc,ssly pr,:,',,-ic.ed. Fer pu=vc~c:;; ~! :r:a:lr:- tenance, repair, alteration and rc~odcling, an owner: (i) Ot a r~sldential or enclu~~J cc;";"~cr=:~~ unit shall be deemed to Own the interior nOh-supporting walls, the ~alcrials (~uch a~, but not lImIted to, plaster, drywall. paneling, wall~arer, ?3int, wall ar.d floOT tile and flooring, but 'ot incluGi~q the sub- flooring) m~king up the finished surfaces of the peri- meter walls. ceiling and :loors within the unit, and (ii) Of an unenclosed co~~ercial unit, that unit owner ~h~ll be dee~cd to own all imnrovements situate therein constru=tcd by ~hat unit- owner, but not the floor or boltom surface of that unit as the same existed prior to t~e construction of such improve- ment-a;- ~--..~ -- - -- - --------- (iii) Of a parking level commercial unit, that uniL owne~ shall be dcc~~d to own all of th0S~ i~nrnvp.- ments therein or thereon constructed by that unit. owner described in subparagrJ.ph 12 (g) (1) hereinabove ~et forth. The remainder of the impr.ovement constructed by the owner of a parki~~ levol commercial unit shull, upon completion, become a limited common element ~ppur- tenant to that unit, subject to the rights reserved by or granted to t~1 Cccl~rant or abutting owner(s) Lo - -10- "W"" , I"c;~"',"""""~.' <~'.'il" , '''~.$S'..'~,' ..~._. . .i~ _"-';;" ,..,., .,............, ."......;:r . { r " ..,.. r~ >>':<' ct ?;...:.-..jt7~, ..; ., ....... , , -...~~,1I3 j'ALfG;:J ",.... utilize the exterior thereof for common wall purposes, and to interconnect with utility services which c~n logically serve the needs of r:'\orc than one (1) sue.. unit, ~11 as provided in ~ubp3r3qra?h 8(c) hereof, and subject further to all of the other tcr~s. condition~ and otliga- tions of this Declaration not inconsistent herewith. (h) E~ch unit owner shall be obligated to maintain a..ld keep that owner's o.....n unit, its \llindows and doors, includinq exterior and interior surfaces thereof, and t!H~ balcony or bal- cor-les whiey r.\ay be a limit.ed com.":'Ion clement \v-ith respect to such unit, in good, clean order and repair. The use of the covering of the interior surfaces of windows, whether Lv draperies, shades or other items visible on lhe t"'xtcrior of t!1c building, shall be ~uhjFrt to the rules and rCQulations of the Poard of M~n~yers. Each owner shall keep the balcony or balconies and other improvc- f:'ents ....hich rne:" '. . WI t -,d corarnon clc:ncnt ...:it!1 respect to such unit, free and- clear of sn~~, ice and any accurnulation of water and debris. {I} N~thi~~ ~h~l! be d0n~ 0~ ~~~t ~n ~:.~ ~nit 0~ in or upon the general co~rnon c]e~cnts ~hich will increase the rate of insurance on the building. or co~tents thereof (su~jcc~ to the provisions of paragraph 20{9) (i). infra) WIthout tl-.e 9rior ....rittcn c~:':.~cnt of the Board of ~i.:'lr.",C'!pr~. -~~o owner shall perMit anything to be done or kept in that ~~ner's unit or in or upon the general co~~on elcrnent3 which will result in the canc~ll~tion of or increase preMi~~s for insurance on the buildin~, or contents the!'"'::?~f. -:"r ~.'hi,=h '..'C"~!d t-~ in "i,::,l~~i0~ 0~ .:>cn~' 1"'.'. !'J,::, "'?:~<:(' shall be committed in the generol co~~on elements. (j) ~'ners shall not cau~e or permit anything to be hung or displayed on the outside of windows or placed on the outside ~~ils of the buildinq and no si?n. aKning, canopy. s~ultcr. radio or television antenna s~all be affixed to or placed u~on the exteric":" ......::!:lls or roor ur <illy l:-'aLl... L:a::!.t:.~.t. -.,;:..L:-,0i..it t.:,,-, i-"-~v:- writte:. r-:,msent of t:leBoard of ~~:ll~"qers. (k) No animals, ~~bbits. livesto=k, fowl or p8ultry of any kind shall ue raised. bretl. or ir,l:?t in anv unit or ill the general connon elenents. unless the BG3.rd of !,-'ani'lgcrs. by rule Qr rr-gul.=r.tion, prm,:id.,:,; :>thcn..i::;c. (l) No noxious or offensive activity shall be carried on in any unit or in the general cor:l.."Tlon elern~nts. nor shall 3.r.y.. thing be done then.>ln, €,jt.~pr wilfully or n~qli.qen'[l\', .......l1i.C:1 ;lldY be or beco:7~e an annoyance or nuisance - to the other o~lnC'rs or occupant s. (m) Nothing shall be done in any unit or ill. on or to the acne"-al COi'L"":'lon elenents whic~l .....i 11 i::-,c.air the struclu!'"dl integrity of the building or which would str~cturally change t~e builrJ.iIIY. ~^..:(.~t .:.5 0~hl2J.-K.i5(: PL0Vhh:J h(:J:(:ir.. ;-..::.~ :3:-:'.::.11 ~~:::..~.::'.-:; be altered or constructed in or be re~oved from the gener31 co~~on e!enent5 excc?t as otherwise herein provided or otherhise permitted by the B:;ard of :'lanagers. ~ot....,.ithstanding aoy':.l1ing to the contrary herein contained. it is noted and declared th3t initially the interior partitions shall not be Itlstalled by the Declarant creating physical separations bet~een Condoniniun Unit E-2 and E-3. E-3 and E-4, E-10 3r.d E-ll. r.-ll and E-12, ~-J-l and W-2, H'-2 and N-3, W-7 and \i-8. \i-8 and \~-9. and N-9 and ~i-10. and that no partItions of any nature or individual utility servIces shall be installed by the De~lalant res~ectin9 or servicinq nny of the p~='::::1g l~':'::?l ':'':'~r'o:>r''';'''ll ll~its. In addition. the Dcclr\rant shall not construct cntry doorways to Units E-), E-IO, E-11, ~-2, W-8 and W-IO and there exists an opening in the ceilin<;l' of UT!,it E-l and the floor of Unit E-6. thereby connecting E-1. Such partitic~s (including those for closure of the o?cning a~ovc referred to) and doorways respecting said units .::~d p,'trt.itions, doorw"\~'S, winc~ow:;, and utilities services rpspecting parking level units ?5-16 through PS-l9 shall be shown as "prop," ".~ "'!-1 a1)O\.;co" on t.hc Condol~inium Map and may, sub': nct to easeln~nt.s nnd 'I igJ._. -11- ;1 . '..... - ';ore, which may II' "\linafter be granted and reserved )1:'\11e respective owners of ~e units, be installed at any ti~ the Declar- 'I ant or any subsequent owner (II) of the laid units, providC'd, that any such installation shall be at the expense of the owner(s) ther~of, sh~ll be at least of the quality equal to and 8hall be of dimension equal to similar partitions and doors within the project, and aesthetically compatible with the remainder of the project, and shall be approved by the Board of Managers, which approval shall not be unreasonably withheld. Sub~ivisions of parking level Units PS-l6 through PS-19 shall _I likE.wist! be approved by the Board of Nanllgcrs, which approval I shall not be unreasonably withheld. PROVIDCD proposed subdivi- slon meets the criteria as contained in this Declllration. The improvements shall be both aesthetically complltiblc and consis- tent thro\ll]hout the said units on the ?d.u..ill'::l' :-:v~l '::':la wit-_n the remainder of The Durant Mall Condo~1nium proj~~L and therc ~hall exist. ::)r prov!.!:....:. - :J'i"~ for, adequate acccss, ventilation, plumbing and similar fllcilities for the ir.iprovcltlents intended. The conditions of sub-suLpar~gr.:1ph (n) (i) through (iv) irrL."ned- iately following shall be met for im?rovements constructed under this f;.l1hpilragraph of this Declaration. The designation of ~~~posed and allo~ed partit10n a:lQ ouuL~ai iNpr~~2~~~~S nn the Condominiu~ Map are reflected as dotted lines representing the cent~rline of proposed and allowed i~9rovcrr~~ts. Upon the constructiun and c.;:;.:;:;p12t.io:;. of ~uch im;..rovcrr.<;nts thereon and therein as permitted herein, the d'cfinitions as contained in paragraph 1 hereof ~hall apply to the compl~tcd improve~cnts. With respect to the floor ~nd ceiling o?enins hereinbefore ce~~rih~n: the unit boundarics for the area of the opening sh3ll be, for Unit E-l, th~ surtace r~~ul~i~g fr~~ ~~~~~~;nns of the nearest adjacent unfinished surfaces of the ceiling thereof, and for Unit E-6, the surface resulting from exten- slons of the nearest unfinished surfaces of the floor thcr~of. ~ f" I ,~ !",",,~~,: 000 '"....L.-:;.. ;1'!~ '. ""l!.; t' ''''',; o ."~' . _' ~:;-l' :,;:~ L~:~X~:?;' .~o " (n) The owner of nny enclosed co~~ercial unit, and parking level condominium unit. ~fter the Sait,l.;! h.::i.:. t.C2r:. '2!1("]nc;.po. shall le permitted to construct. ililLd.0\'c, c~,~;-,.gc. c:r ?.It_0T <;llr.h unit (dr~ any portion of the gencrai cc~~on elcGcnts contiguous to, anrl serving 2xclusively, such unit, if the sa~e is not visible on the exterior of the building) ill ar.y ::lanner, provided th.:1t: (i) The structural integrity of the building will not thereby be impaired: (ii) Suc~ work will be done at the sole cost and e~nense of s~ch o~ne:r and in full cO~Dliance with all applicable laws. ordinances and regulaLicns ~nd th~ provisions of this Declaration; 'I (iii) Except with rcspect to the subdivi~inn of parking level CC;';'1.::1crc1.J.l ~nits numheTerJ P-1G UH.o....gh 1'-:9, the boundaries of such unit, as shown on the Condominium Map, will not thereby be changed or altcred; and .~ ,OJ L.,. :1". (iv) Such uwner shall indc~ify all other owners of units from any and all claim~, liens, liabilitics, suits or demands whatsoever relating to or arising out of such work (except insofar as any claim i~ wdiv~d ~~d ~cleascd a& provided in sub-section (r) of thi~ paragraph 12). - (0) Irnpr~ve~~nt5, changes and alterations made within unenclosed co;,~crcial units shall be such th~t the same shall permit the r~storntion of the unit to its original opell sLi&L~. ;'i1Y i;:"rrc"'~r.'.?nt~ ;ni1dp- to .J.r.d/or US"" ffi.J.de of unenclosed commerci~l units 5hall be mace with th~ writtcn approval of the Board of Managers of the Association ~nd the affirmative vote of the majority of the rr.embership thereof, which approval shall not be withheld if the proposcd use and improvements are consistent with and ~PFropriate to the design of the buildings and for which adc~uate accesS, ventilation, plumbing and similar facilit' ~ r""'st for the im~rovements and uses inten-:...J. All such l.mpro....er,.:n\.._. ..t:.1.~ :~:; llnd l& ~ 'f :j ,.' -12- h ..i r.'o ~ ~., ~~'g~. t-:;~ " .:.:'\.:> S.' ........~ -,' -. :.'''' " .... . " ,.. h-~' 4.. :.-)i ijJ+.' ~ ...~.~--t~ ~sCi-.._.~..:.......... 9..N ,:k~~i '= .-<;::"'~T\. c: ~".~A); ~j _ ,". ,~:---"oo 'C . J ".,...~ Jlorl"_~~::""~",;;___(' _~'1i,.<.;t ,_ < '. '~,!__ ' _ ,..". < .' . , or,,~ 0"" +"'-"' --:-" ._~" ~ :)!;:,;,f,,'.,, ",\"'.~jI,),.3 ."", _".n,. F<,~ ..- '>;.;; . ....", ~ ~ ~:-":~ "" ....-~-'<":-~------ _ .,.,,'." "'~','" ~I"~E:"'". "~""~ ~ ~ ~~ , I' ~. '.J~ . ..~. . ,~ . .V....',j -' . , ' ~ :_','1;.-' ,-,~/<', .-,"~ ~if~.~~':i>' '') .<") L]',vUCI ;:,;,J..:V 1'" '-' alterations will be done at the Bole cost and expense of the unit owner and in full compliance with all applicablo law, ordin~nces anu ccgulations, and such owner shall indemnify all other owners of units from any and all claims, liens, liabilities, suits or dcnands whatsoever relatinq to or arising out of such work (except insofar as any claim is waived and released as provided in sub-~prtin" (T~ of thig paragraph 12). (p) r-.. tn" sheets, blankets. laundry of any kind or other articles or merchanidse shall be hung out or exposed on any part of the general comnon clements. The Co~~on elements shall be kept free and clea~ of rubbish, debris and other unsightly materials. (q) There shJll be no playing, lounging, parking of b~by carriages or play~p.ns, bicycl~s, wagons, toys, vehicles, hpnchp~, rh~i~s, teth~~cd d~g~ cr ~~t~ or ether personal property on any part o~ the gencr~l cc~~on cl~rr.ents without the p~ior consenL of, and subject to the regulations of, the Board of Managers. (r) Each owner hereby waives and releases any and all claims '....hien tt-..Jt owner r.1uy h.J'TC agair.st any ott.~r owner, the A~sociation, the officers, and ~e~bers of the Board of Managers, the Declarant, the ::lanaging agent, and their respective officers, e~ployees and agents, for da~ag~s to the general co~~on clements, the units, or to any personal propt?lLy hl(.;'dteu in the 1.lnits or general cO::'.."!'lon eler:-.cnts, caused by fire or other form of casualty which is fully coveret. by insurance. (s) If, due to the act or ~eglcct of a~ o~~cr, or of a m~mber of an owner's family or of a guest, tenant, in~itee, or oLler authorized occut,ant or vis~tor of such owr:er, ca.:::,.3.:;'=! si'".al-:' be- co.u::ot:u L'-I Ul~ l1.....Ilerdi Ctl;~.f10:1 elenents (:,1- to a un 1 t or units owned by others, or to any fu~nace or utility room, hc~ting unit, ~iyes, duct~, apparatus or equip~ent referred to in paragraph 20(j) hereof, or ~alnt~r.anc~, r~~airs ~r r~~I~c0- ments shall be required \f.-hich would otherwise be at the cc:-:'..~,on expense, then such o~n~r shall p~y for such da~:3gc and such maintenance, repairs dllJ replacc~cnts, as may be dcter~ined by the Board of :~u,.agers, La the extent not covered by insu:;an~.... (t) !-lo o'....ncr shall overload thc~ electric wiri!"l.g in the buildi~g, or O?~r2te any ~~chi:1cs, a~plia~c~s, acc~s- suries or equipment in such manner as to cause, in the judgment of the Beard of Managers, ccnstitute a hazard to the safety of owners a~d occupants of and invitees upon the Condominiu~ Project. 13. Ter~inaticn of ~echanic's Lien Richts ~~d IndeDni- ficatiol1. SubseqUent to the cor..pletion of tr.-e ~j;,prove!!lents npc::rri hnr1 nn .t.h.e-..CD.ruiDni!i.ium .Map ,-__no -1-a bor---p-er;ormed- --or ma t.--- erials furnished and incor~oratcd in a unit with the consent or at the request of the unit owner or such owner's ager.t or_ such owner' s cont~actor or subcon'tractor shall be the ba5is for tIlIng ot a lien aga~nst the unit of any ot~er owner not expressly consenting to or requcstinq the sa~e, or against the general co~on elements. Each owner shall indemnify and hold harmless each of the other O'Nners from and against all liability ari~inq fro~ the clainl of any lien again~t the unit of any other owne- or asainst the ger.eral co~on elements .'f'- 'f: .\... ;,'li e:,j,~ \-..- ~. j. r~"'~' " :. "'~;~~_;'~'""'~'.;$,~~4 .~~_ ~~~- -13- ; I t '" ~~~;1~ ""''l ~~If"':'!1~"\ '.\ , ::.t&-~;(i; ':"d'l'''~4.;''-----' i \iir."".ilt'!', ';:'~.:~~,~$V> , ~:~i'-\;-""" ~;~1;~: -:/i;~~- f;....-...'.U.< "[" '1 -..._ u ;,'" :~ ,,,, , ~-;.>' I, for construction performed or for labor, materials, services or other products incorporated in that ownerls unit at ~u~h owner's request or with such owner's consent. The prov191ons herein contained are subject to the rights of the Managing Agent or Board of Managers as are set forth in paragraph 15. 14. Administration and Manaqement. (a) The administration and management of this condominium property shall be gov~rni:c ~j" tho;> Article!. of Incorporation and By-Laws of tlJe Asscci;~ticn. P.Ach unit QWnt:L" shall t_ ... . ,..,... "f such assocIat.icn, which membership shall terminate upon the sale or oth~r disposition by ~uch member of that memberts unit, at which time the new unit CJwner shall autom~tically becone a member t.ereof. (b) The Articles of !fICV;-t=::::::".:.~i,..,n and By-Laws of the Association shall not contain any terms or pr~visions inconsistent with this Declaration and any such ter~s or provisions which may be inconsistent with this Declaration shall be null and voio am] of ~o fc-r('r and effect. (c) The association shall be governed by a Board uf ~~~~;er~ ~s is provided in the By-L?ws of the Association. The Association s:1all have the uuw':;l" t::: e~"~Ot;; the services of a manager or managing agent,.who may be~any person, ~Jr~ or corporation, upon such terms and r~rpensation as t~e Board of Manag~rs deems fit and to delc~ate to Euch ~anagEr or managing agent any of its duties, powers and functio~s. (n) The Ooard of Mana~~rs shall consist of five (5) persons who shall be elect~~ ~~ t~= ~2~~pr ?rcvided i~ th~ By-Laws of the Association: PROVIDED, HO~EV~R. that at l~ast one (1) mc~bcr of the Baard of ~a~agcrs s~all a: ?ll t~~~s be elected by the owner or owners of the resiccntial untt (or units if it shall be 5ubs~qucntly rcs\lbdi~ided) by v~te of the owners of more than ~ifty ?Ercent (50~) in the ~ggre9dL~ i~tcr~st of the undivided ownership of the general common eleme:nts owned by all or tilt: c.'...:-.C::-S '_\1 t~.e residential unit (or .,nits if it shall be subsequently re- sulYJiviccd), Dnd PROVIDED, further, that in U",c ~'.'C!1':" that parking shall no longer be requirpJ in the le~01, then there- after at least one [1) member of the Board of ~anagers stall at all times be elected by the owner[s) of th~ parking level cor~.:T~("r,:"ia\ units by vote of the owners of more than fifty (50%) percent in the aggreyat~ i~~e::-e~t of the ina~vi~~al ownership of the general co~~on el~ment~ Qwned by ail o[ t~c owners of the parking lev~l corr~ercial units. (e) If any unit i5 owned by more than one (1) person, the votiw~ rights with respect tC' such un..lt shall not be divided, but shall be exercisen as if th~ unit cwr:ers conzisted cf only one (1) person in ac~ordarlce wiLh the proxy or other designat~on r:lac.l~ by the persons constituting such unit owner. (f) The Board e! -M=.n;;:rryp''l"s-may,--fror:l time to time,_ adopt or amend such reasonable rules and regulutJ.ons govtrni..g the operation, maintenance, beautification and us~ of the general conU~IO" clc:-"\C'nt-c:. and the units, not inconsistent with the terms of this Declaration, dS it sees iiL, ~~= the owners shall conform to, and abide by, such reasonable rules and I' regulations. Written notice of such rules and regUlAtions i' I -14- " .... " , l".....~~''"''.:.,'' ~ir~ ,,! ::.1 . -..' ,\ ,,\,' .....a;... ,~. <:~,:" " ,'r"~ "'~~ .1<.:t-1O- - ~" ' f'... . 6--'~.; ..--;';--"-'~.." ,~.,..,! i;.. '. " , ,1 :~'.J.,~,0LHj j,A:;t ~'~-.~ 1" [ " " ahall be given to all owners. A violation of such rules or regulations shall be deemed n violation of the terms of this Declaration. (9) The members of the Board of Managers and the officers thereof shall not be liable to the owners for any mjstakc of judgment, or any acts or omissions made in good faith as such menDers or officers. The owners shall inde;.I- nify and hold har~less each of such m~mrnbers or officers a9ain~t all contractual liability to others arising out of contr.:::.cts ~~de b~' Sllrh members or offL:crs en c".:!ha1f of the owners unless any such contract shall have been made in bdY fait'" or contr"'::-" t-,.. "'ill~ provisions of this Declaration. The liability of any uwner arising out of any contract made by such i.l€'!':lbers or officers or out of the a~oresaid indem- nitv shall be limited to such proportion of the total lia- bility thereunder as t.!'iat UWlIt;'L '::; pt;'L(";t;'lIi...d';f~ ";';iti:-rest_ i:-: t.~~ geneIal co~~on elc!':lents bears to the total percentage in~erest of all the owners ill the g('<:leral cor...':'\on elements. Each a9ree~ent w.ade by such members or officers shall be executed by such mc~h~Ts or officers, as agents for the Associalion. (h) In the evcnt of ~ny dispute or disagree~ent ~etween any owners relating to the prup~rty. or any question of intcqJ!"etatic.n or oppli<':dLi.ulI u~ th~ tJlUlli.:-,i..:.....3 ~~ t.hi:: Declaration, the determination ther~of by the Board of Managers shall be final and binding on each and all of such owners. 15. Reservatio~ for Access - Maintenance, Renair and EhlelYO::JICii:S. '!'h~ ':'..n....rs shall havc the irrevocable right, to be exercised by thl.."' nanaging rlY~Ili... or I3o.J.rc c: :i'Il.:;,-;:,:;. to h~ve access to each unIt f!"c~ ti~c to ti~e during such reason?ble hours as may b~ ~ecessary fer the painting, main- ter.~n~e, repair. reconstructiv', or replacement of.any of the ~eneral ~o~~on clc0ents thc~~jn or acces~ible therefrom, or at anytime for making emergency re!Jairs therein necessdry to p!"2v~n~ rl~ma~e to the gcn~ral co~~on elements or to another unit or U~lts, or wll'::n such ~c::-:ess j~ J.t::-a5v;-..:::.:.l~' calculated to prctcct llle health, s.J.fety or property of any owner or uccupant. Damages to the interior or any part of ~ ullil or ~nits resulting from the painting, maintenance, repair, emergency repair. recon~t~~cti~n or replacement of any of the general COTMion elements or as a result of c~eryency Ie?a.l~~ '.:i":.:lill another unit at the in~tance of the Association shall Le a comnon cxrensc of all of ~hc owners, sUbj8ct, however, tv the provisions of sub-paragraph(s) cf paragraph 12 hereof. Restoration of t~e da~agcd irn~rovements shall be substan- tially the sa;;\e as the condition of SUCh improvell1ents prior to the da~agc. . Subject to th~ pr~vislcns cf suL-par~0rnph (s) of para- graph 12 hereof, a~d except as herein otherwise specifically provided, all mai~tcnance, ~epairs, reconstruction and re- .-piacc-:='::e:'t~'9- --as-to - tb~ general com,~on clements, whether loea ted inside or outside of the. units, shall be the -comm6n~~pense- of all of the owners. 16. Grantees. Each c:rilntce of the ueclardllL, bi'" the acceptance oi a deed of conveyance, accepts the same subject to all terms, provisions, casements, restrictions, conditions, -15- " ~'c,~l" ",. ""l';;'<;:~"'<""-'_ ' ,'. 0'.':\ .AiI"""'''" ' ' .~ ....>~'S".:.i';'1ii.-.:t~.. .' '_ , ~ i I " Jf" , --.,308 ~.\i:E 533 -' ", '".~ f '1..' ;~), f; ';-"~{. ,.~ ~~~;. covenants, reservations, liens and charges, and the jurisdic- tion, rights, and powers created or reserved by this Declara- tion and the Articles of IncorForation and By-Laws of the Association, and the provisions of the Colorado Condc~inium n...nership hct, as at ~ny time amended, and all easements, rights, benefits and privileges o~ every character hereby granted, created, reserved or declared, and all impositio:1S and obligations hereby ir.:poscd shall be ::cc;:Icd and taken to be covenants running with the land, ~n= shall bind any person having at any time any interest or estate in said land, and shall inure to the b:i.c~it of such.~~r~nn in like manner as though the provisions of this Decla~ation ~ere recited and stipulated at length in pa~h and every deed of conveyance. ... ~ 17. Parking. (a) Subject to the provisions ot suoparag=aph {oj ~: this ~ardgraph, the basement or F3r%i~g level of the buildings shall, un~il such parking for t~e project shall be no longer required, Le ~5cd ~or parki~; p~=~~ses in accord- ance with the parking require:r:er.".s ur :"h~ land i..:::;C re']ulatinns of the City of Aspe~ go\'ern:ng the Froject as =urpleMented by any rules or regulations at a~y tine adopted by the Boa~d nf ~~::.~;~=:!::; ;:,ro'.d~p.,: ho\o,'ever: (i) There shall at all times as such parking shall be required be at least 28 parking spaces con- tained in such parking level; (ii) The Declarant shall have the right. subject 'to ;;c~pli~::ce ~.....!.Lh ,,;:,r~::;:;:,: ::-2:='..:i=C'~~!;t.s ~~ innosed bv the City ~f Aspen, by a~si;~~~::t, .agrc~~ent, or the like~ a~= u,~~ such terns as It sh311 ce~~ apprcpriate, to make pr~vi- sivn (either with or withc~t cc~sjderationl. to set a~art p~rking 5pace~ in SllCh ~arking le~"el for the exclusive or non-excluslve use c: th~ o',vners dIlU/L'L tt::nants (a..e thei.:. 'Jue~t"s, tenants and invitecs) of the com.":lercial units and re5idc~tial units ~aking up the proJect. Any ~~~~ assignmcnt(s) ~adc by the Declaran~ of ~~rki~g ~~ace(~) shall be subjec'_ to the i~po5ition th~reon by the Boar':' of Managers of rcaso~able rules and regulations not inconslstent her~~iLh tc dJ~inistcr t~c U$e thereof, including th~ ~o5ti~; o~ i!;::entifying signs. Any parking level cO::1.'1lerci.Jl ur'.its .....hi:::h sball he sold and conv€;:ed sh~ll be s~bjc=~ ~o all r~i~r a9~e~~ent5 mArin with res;ect to parking wit~in the project, and the owner of the sa~e shall b~ requir~j to co~ply with parking ~cquirc~cnts o~ the City of h5?~n so long as the sa~e shall exist. ,,:(.- "ot '. f.',.y ,;:,~' . ~,::;.. "'f >~;.t ":':, ,<';..S~' .:~~~iT~' .l~... i! (iii) No vehicle belonging to an owner or to a member cf that c~ner's fanilv or cuest. invitee, tenant or e~ployee of an ow~e~4 shali be parked in such a manner as t~ i~:,~de or ?rc~cnt ready acc~ss to other parking spaces. The owners and/or tenants, their employees, i~vitees, servants, agc~ts, ~isitors, licensees. anj the owner'~ and/or tenant's family will obey-any-~arki~g regulations posted at the p~rkin9 areas and ra~?s and any other reaso~able traffic regulations ?ro~ulgatcd in the !uturc for the safety. comfort, and convenier.ce uf lh..:: o-.,.;r,E:rs .:lr:.:! ~t.h'2rs '.1siT"IlJ the premises: i1 I. -16- ,0 ,~ I , . '}f ~i", ~"~" ~ .f, .>," .f.:, ::.!.-" .~. " , ~":r_"U....,___ , r :lGS "AC[53.1 , (iv) No owner shall cause or permit the blowing of ~ny horn or emanation of loud noises from any vehicle in which that owner's guests, family, tenants, invitees, or employees shall be occupants, approaching or upon any of the driveways or parking structures serving the project, except as may be necessary for the safe operation thereof. (v) No vehicles shall be left standing in -a parking stall in a nonoperative condition, nor shall there be any repairs to v~hicles done in a parking space: h-~' ., ," .inard of Managers .and owners of parking level commercial units shall have the right to remove any vehicles parked in an unauthorized place or manner at the expense of the respective owners thereof; (vi:) The Board of Managers shall have the further right to pro~ulgate and enforCE such o~her and further r~~~onable rules and regulations, not incon- biste~t with thls D~~l~r~tion, as shall prQ~ote the efficient use of the said parking spaces. (b) Rpgardles5 of fact th3t ownership of -all parking ie...~l '::vj';;:;:;:;;7:i~i'.1~ '_In;: to:; r.1flY be vested in other than the users thereof, so long dS a~d c~ly so lon~ as parklng &hall be required for the project, casements for uno~str~cted access to and quiet ~njoymcnt of all pa=ki~g sp~ces in ~h0 parking level are hereby createc and dee~ed to exist for the benefit of the lawful users thereof as such users are dcternlincd under suLl-'aragraph (a) irn.mediately preceding. lB. :nsurance. (a) The Board of Hanagers, or the Managing lIqent on behalf of the Board, shall obtain ~nd maintain at all times the following insurance coverage provided by co:r,pallic5 duly authorized to do business in Colcrau0: (i) Insurance for the property against loss or damage by fire and such other hazards as are covered under ~ta~dard ~xtpnded coveraqe, vandalis~ and malic- ious mischief 1;;'1:Jorscn.:nts for the full i'lsura..'le re- placenent cost of thE> COlT'.r.lon el~lr,t?nts and th,:, unit:~ and such ath...:.t: c:J.3:.;z=.1':~' insurance as the Board of Maryagers dccns advisable for the Froti?ctic-n of thE: general cor~on elem~nts and the units. 7he adequacy of such insurance in relation to "full replacerent value" shall be reviewed at least a~~ually by the Eeard. The insuran=c shall be carried in blanket policy for~ naming the ^ssociation the insur~d, as attorncy-in-f3ct for each of the owners in the percentagc~ c~tablishpd in Exhihit "A" hereto, or as the same ~ay be reodifi~d under this Dcclaralio~ by further SUbriL~isi~~ ~~ p~r- milted hcr~in. Each o~ner, other than the Declarant, shall notify the Managin~ Agent and the noard of ~lanagers in writing of any additions, alterations. or improve- ments to that owner's unit and that owner shall Lo re- sponsible fer any deficiency in any insurance loss re- covery resultiny.rL0m ~h~~ ~~~er'~ f~ilure so to notify the managing enployee and the Board of ;.lanagers. The Board of Managers or the Managing ^gent shal] use rea3on- able efforts to obtain insurance on any such adjiticns, -17- ;. , I , S<YA308 j:';EG35 , -..-. ";:. alterations or improvements if such owner requests it to do so and if such owner shall make arrange:::u:~nts patis- factory to the :':3.oag ing i\Qent and t.he Beard of Managers to rcinbursc such owner for any additional prcniu~s attri- butable theret~; and in the ~bsencc cf insu~~nce on such additions, alterations or i~~rove~cnts, the Board of Managers shall not be obligated ~o apply any insur- ance proceeds to res~ore the affLctcd u~it t~ a con- dition better than the concitic:; '2X.iSi..i.l-:l f.::io:- to th~ making of such additions, alteratlons or l~l;r~V€ments. All ~..::-~ ~ -' .C'i....s or insurar.ce 5h:i~1 .i1l~..UE: .s.~~iti=~::, alterations OL i~?rovements made by the Declarant. All such policies cf ir.s~~cn~~ s~~ll c~~tnin sta~1ard mort- gage clause enJorsc~ents in ~avor ~f the rncrtgagee or trust deed holccr of each unit nnd that s~ch ?olicy shall not be terminated, carlcellcd or 5ubstan:ially modiiied wit.iiuul- I1L :'e:ust ~..:=:-.:i' (21)~ ='~~.Sl ::-ri':'!" \J~;T~~'" notice to the mortgagee of each u~it a~d ~o each owner. (ii) Comprp.hensive ?ublic liability u~d property damage 1nsurance ~n such limi~s as ~ne Board of Manacers shall dee~ de5~rablc i~surina the Association, fhe me~bers of the Bcarj of X~~3c;rs, the_Managing ~g~?t, and th~ir respec~i~~ ~ge~~s and employees. dllU '-IIi: 0~"..~:::-:; :_-:;;:0: '::'::j' l~~t-:!.l~t~. ~"'- ('"01"'1- nection with the general co~~~on elc~ents. (iii) \'lorxmcn I 5 ccrroer.sati:::l i:1sUIar.cc and employer's liahility insurance as ~ay Le nec~ssary to comply with ap~licable laws, and such other :crms of insurance as Lj";c noar.:::. of :~2.;'.aS'~rs shall ",,)pc':. to effcc~. ;, ,'" ).. '!... ,:- <~' !. ::~~p:~ i ~~~~ '~:i:~~;:>-~ ,,- h:;: ._-,........~_~.;f"~ ~ '-~-~2,~:'Z,i>~: -J":"::f~ , " '. 1 ~ - 7A- ~;, ~, ~ " ' . ~ .'<;'j "'~~lJiIPl'f~"'!I - .,., .. '"'" ,~"'~I "t: ~ ,;-?t ~:~"'.:.:'~.-':-~ ~<..;...*r'.::"~~ - ,-.., . :....f'"\ &'X'''vULi rA~!JJU I I' " ",-..". , " , ,0;. '" "' " (bl Except as otherwise provided in this Declara- tion, premiums for all insurance obtained or maintained by t.he Board of Nanaqers shall be COrTlr.\on expenses. (e) The Board of Managers may (but shall not be required t.o), in its sole discretion, secure insurance ~ol- ieies that will provide for one or more of the following: (i) With respect to the insurance provided for in (a) (ii) of this sUb-paragraph, for coverage of cross liability claims of one insured against a~other; , 1.) T~i th rt.'spect to the ir.storance provicc:! for i:~ , ::: ~ !-.tis suo-paragraph, a wdillct. of s....b- %ogation by the insurer as to any claims against the managing agent, the owners and their respective agents, emploYEes and guest~; (iii) With respect to the i~surance provided tor 1n (a) (i) of thlb hU~-~~LU~~~~h, t~~t ~h= F~!!~~ cannot be cnncell~d, invalidat~d or suspended on account of the conduct of any cn~ or more individual owners, or on account 0= the con~~ct of a~y officer or t""lllpioyee uf thE: ;'s5vci~ticr; C~ :-:'"::~~gir:.; a;e:1t ~...i.th.;'ut. in the latter case, a prior demand in writing that the Associa~ion or managing agent cure the defect; tiv; iiit.il rcslJecl. LV :'lie i...;;,;~.::.:-:=:: F=='..:.-::e-:. f~r in (a) (i) of this sUb-paragraph, that the insurer shall not have the option to restore the premises, if the property is sold as provided in Paragraph 25(c) hereof. (v) With respe~t to th:: ir:.~urance provided for in {.:r.) t' I of 'this 5ub-Ucll.d~La~h, t:-.at a..y ....v other ins~~~rlce" cl~use in-suc~ p~licy exclude policies of insurance maintai~~d by any owner or his mortgagee from consideration and that no such insurance policy coverage under (a) (i) of this sub-p~ragraph be brought into contribution with insurance purch~sed by any owner or his mortgagee. (d) Any owner may obtain additional insurance at his own expense; provided that: (i) A copy of each such policy (except tor a p~licy with coverage only as provided in (f) of this !:;Ub-Pdt"dyriJi.Jh) is fL:l'nishcd to the Bca=d of Z'la!1agers within thirty (30) ddYS after it is purch3sed; (ii) No suc~ insurance may be naintained which would adversely affect or invalidate any insur- ance (or any recovery thereunder) carried by the Board of Managers or decrease the amount which the Board of Hanagers would realize under any insurance policy the Board of ManaycL s iti nldinLaining; (iii) Such insurance policy shall contain a .waiver of subrogation in like manner. as is provided for in (c) (i1> of this sub;"'j:-ari"lgrapfi-: -18- ;i~'~-~- .", . .,l,~f :~;; ).:r' ~ 't'~ ~ r 'I " " " E-10 E-11 E-12 E-13 M-1 M-2 M--:I! P-l P-2 P-3 P-4 P-5 P-6 P-7 P-8 ?-,; P-10 P-ll P-12 P-13 P-14 p-1S ...... ,,.. r.;)-~u PS-17 PS-1P. PS-'.9 , , ;0;308 u!.( 554 Level 3 Commercial Units 1.85 2.51 1.96 4.64 Unenclosed Con~erci~l Units C.39 0.39 0.39 Parking Level Commercial Units 0.14 0.14 0.14 0.14 0.13 0.13 0.13 0.13 0,13 U. 1 j 0.13 0.13 0,13 0.13 0.14 2.00 2.00 2.00 2.00 TOTAL ------------------- 100,00% , e('\ 08 ~A~ 537 ,-,/ (e) The Board of Managers may engage the services of any bank or trust company authorized to do business in Colorado to act as trustee or agent on behalf of the Board of Managers for the pur?ose of receiving and disbursing the insurance proceeds under any policy provided for in (a.) (i) of this sub-paragraph and resulting fro~ any loss, upon such ~crms AS the Board of Managers shall deternine consis- tent wi~h the p~ovision~ of this Declaration. In the eVe~t of any loss resulting in the destruction of the major portion of one or more units, the Roard of Managers shall engage a corporate trustee as aforesaid u~on the written demand of the mortgagee or owner of any unit so d~str~J~=. 7h~ fees of such corporate truste~ ~~all be co~~c~ expenses. .~~~~~~ :.,'4""$ (f) Insurance cu~crage on the furnishings and contents, insurance covering other itc~s of personal property withi~ each individual unit belong in; to an o~ner and casualty and public liabilit}, insurance co.....erage within eac:. indivi- c!uai :.:nit shall be the responsibility of the O\>1npr thereof. 19. Reoairs, Maintena~~e. Renl~c~~eots. Additions. Alterations and Ip~=ove~ents 0: t~e C-~:~~ ~le~~~ts. There shall be no alterat.ion3, additions'to, :ii' i".=="')ve;:-,ents on, the limited or general cor:unon ele:nents (othe~ than for purposes ur re~1~~i~; == =~~~0rin? f'nrtin~s t~c=eof) reouiring an ex- penditure in excess of Five Thousa~d D~llars without the P!~UL approval by affirmative vote of sixty-six and t~o-thirds per- cent of the rnemhershlp cf Ul~ ;".55~=i:.:.:::,~, Tt,P.TC shall be: no such approval of or limitation u~on expenditures requircd for the repair, maintenance and replace~cnt of such common el~ments. I . ] , 20. Assess~ent for Connon Ex~enscs. (~) Declarant, fc~ c9ch u~it owned by it within the buildir:-;ls, and ior ;HlU. <15 t:-.c ~~:::.~= of t.ne real property and p.vf!ry ~"3.rt thereof. hereby covenants, and each o....l1cr of any unit by the accct:'tance of a deed therefor, whetil~L or not it be so expresscd in the deed, shall be aee:-:1ed to covenant and agree ~ith each other and with th~ Association to pay to the Association quarterly assessments !....ade by the Association for the PU~?oSCS p~c~'ided in this Declaration, and special assess~ents for ca~ital i~Qrovenents and other matte=s as provld~d in thi~ Decl~r~tion. Such assessments shall be fixed, established and colle.::ted fro!:l ti::le to ti::-:e in the manrler provided in this A=ticle, and by the Articles of Incnrporation and By-Laws of the Association. (b) ~he total quarterly assess~ents against all units shull be based upon advance estinates or cash re- quirements by the Association to provide for the payment of all estimated expenses growing oy~ of or conn0ct~d ~ith the mainte~ance and oDeraticn of the creneral co~~on elements or furnishing such utility services ~5 shdll not be separately furnished and metered to the uni~s, which estimates may in- clude, among other things, taxes and special assessments, until the u~its arp separatcly assesscj as pro~iced herein; premiu~s for all insurance which ~he Associatic~ is r~~uir~d or permitted to maintain pursuant heret~: cc~~on lighting and heating, COffinon water char9cs; trash coll~ction: se~cr serVlce charges; repairs and ~aintenance: wages for Association employees: l~gal ana accounting fees: a~y d~ficJt rcxaining from a previous period: the creation of a reasonable 'contin- qency reserve, $urr,lus ~:;.j/cr sinl-::n"] fund: and any other expenses and liabilities which may be incurred by the As~~c- iation for the benefit of the owners under or by reason of this Declaration. !! -19- '"-.f:': ")' ! ~ " \,' ;'. , [~lt R~ ,t:rlt~_ ~~.':7~] Cr' . Ie.' r f-;v.~03 rA,r 533 .' " l' , II Ii (c) At least once each year, the Board of Manaqers shall estimate the annual budget of common e~pen6es (the -annual budget*) including the total amount required for the cost of wages, materials, insurance, services and supplies which will be required during the ensuing calendar year for the rendering of all services in connection with the general common elemente, together with a reasonable amount considered by the Board of Managers to be necessary for a re~erve for contingencies and replacements, and shall notify ea<.:h ur.it owner in writing ns to the arr.ount ot such cst.i~at.e wi~il reason?~l~ item;- ~tinn t~crp.of. Said annual budqet shall be asse~sed to "'r~ ...: owners acccrding to each unit ownerls percentage of ownership in the general co~~an ele~ents as set forth in Exhibit IIA" , or as may be- modified in accorc.ance with t~c p=ovisions of this Declar~tiun. On or before J~nuary 1st of the ensuing year, and on or Detore thc 1st days of 1'.p:.i!.. J'.11y 2.!!1 ~r-f:....hIH. of s""i.d Yt'~r. each c~.:ner shall be obli9atcd to pay to the Board of ~ar.ag~r, or to the mar.2.~1ng agent, 1/4 of the asse~5rllcnt maue purs;;ant. to this paragraph. On or before the 1st day of january of eac~ calendar year can- mencing 1977, the Board of Managers or ~anaging Dgent shall supply to all unit owners an i~emized accoun'.:iI':.g of the cor.~cn expenses for the ?rcceding calenu~r yea= act~ally incu=r€= a~= ~ditl togcLhL~ with d t~buirlt~un u1 th~ a~oun~s cuile~~~~ ~~r-, :;:":'':::1t t:: t:-:.e e.;:'!:i.!:'!~t;:~~ !",rnvior>n. allJ Ef>0\tlinq the net a:-.\Qunt over or short of the aCLual ex?cnditures ~lus LC~~rves. ~ny amount accumulated in excess of the .];,ount rC"juircd fer actual exp~~ses and reS0rvcs sholl be cr~djtcd according to each owner' s percentage of O'.mership in the ':1,=,nc:ral C'::::::7_-.0:1 elemen Ls Lo the .,e;.;:t qu.:.rtcr 1:,- i..st~11~c:-. t ~ due f ~C:!l '2\":ncrs under the current year's e5ti~ate. unt.il exh~usted, al:1 any net sh0~t~n~ ~h~ll b~ added accordiJl= ~c c~ch unit GW:lcrts perceI~lage:'" of o\t:ncrshi? in the' gen( ::<11 cor:-.r.cn elc~,c:n~s t.-:: the jnstail~.ents due in the succeeding six Months after re:1.~':'ri::.g cf th..:; iiCC0u..::.i..-;. 'I'hG I..:v'::L"d 0f ::.:.:-..:::.sc~:::: s::~!l build oJp 3.nd r.1ilintain a rc.-1sc:1ablc re3Cr-Je for c0:1':i:1:,:c:1~ic5 anl~ . eplacc~cnts. Extraordin~ry cxpc~dit~res not or1?in~11y included in th~ 3nnual budyct which nay bccc~~ nccc~S3ry during the yea~ sh~ll be ch.]rgc~ first against ~~ch rcsc~vc. If saia dllllUdl LuJ~;ct ?ro~c~ i~ade~u3te for rlllY rp3S0~, in- cluding non-FaYMe:1t of any owner's re9u:ar or special aSS(:S5- roent, the ~oard of Managers may at any ti~e levy a further asscsznent, ~hich shall Lc DssesseD tc the unit owners according to each un~t o~ncrts pcrcentage of ownership in the gl.'lleral CU.:;l.:vl1 c!t..:m(:nts. ThE: BOdl"J or :"~.:ln"j~':'rs OJ" man3.ging ~'::l'c"!l~ ~il.dl serve notice of such ~urthcr <::~~e:;~;:-"C'J1~ on all unit c~ncr5 by a state~cnt in writing yivin; L~C amount and re.J.;::::r::i therefor, and ~uch further aSSCSSJ":"10flt shall becor~ e~f0ctive with the next 1uarterly ma1ntCJ1~nc~ payment w;".ich is due nore than ten nO) days aft~0r the: deli...'ery or mailillo o~ such notice of further assess~cnc. All UJ)iL owners sh~ll be obligated to pay the adjustc:G. quarterly amount. Cd' ~he failure cr delay of the Board of Managers to prepar"? (;~" sc:.-ve the anr...1al or adjusted budget on the owners s:nll :ICt. cOilstitu~e '-1 waiver or relt...:.:J.sc in any r..ann.::~ .~--o--f--.t,he S' 'nel '- o~lig.at.ion.. to...-Fay. thcn1:l.int.enance_and other costs and n'3c'~s!'ary reservcs. as herein provided, .....henever the sane s~~ll be determined, and i~ the absence of any annual bui~~t or adj~stcd budget, the owners sh~ll continue to P~~"t~c ~~3=~0=1~ a5se5=~~~t ~h~r~~s ~~ t~p thpn existino quart~rlr r~te cst.:lblished for the f'~evious period until ~ the next quartc=ly ~ssessmcnt pay~cnt which is due more than ten {IO) d~ys aftc~ such new annual 0= adjusted budget shall have been ~ailcd or delivered. -20- I: 'I Ii it I' I' " .y"'-",. ""3 ............0 bC(I,01J i~;{ J<.l;;o I I I The Board of Managers (or the manaqinq Agent acting for and on behalf of the Board of Man.qersl .h.ll deliver copies of the budget, and accurate books and records of rec~ipt, expenditures, assets and liabilities of the Association, and the ~bli9ations of each and all owners thereto and the same ahall be open for inspection by any owner or any representative of an owner duly authorized in writing, at such reaso~able ~ime or times during normal business hours as may be requested by any owner. All funds collected hereunder !'hall be held and expended solely for the purposes de~ign~~cd ~erein, and (except for such 5~ cial assessments as may be levied hereunder agail~=t less 't.:...:.. ':.'.. l,;,r.it c".:::cr::: arl.d for ':=llr.h adjust:..r.ents as may be required to reflect delinquent or prepaid ossessments) shall be deemed L~ be held in trust for the be~efit, use and account of all the owners in the percentages set forth in Exhibit -A-, or as such percentages may be modified as provided ilt:!.1.t:!uuJi::J:. (e) Until such time as the Board of Managers shall ~.3ve provided its first annual Ludget to the cwr:ers, or for such other period as the Board of lla:lagers dete=i:iir:cs, the Board of Managers shall have the rigi:.t to assess the ccr.~"7:.on expenses, as h~reinabove provided, on a qu~rtcrly bas~s and all owners shall pay such quarterly ~5:5:e~~~~':,:,""t-c:: as advised Ly U-IC:: nc.a;,:a ;:;z ~.:..;:..:..; i::; ;';e!!.... '.~~:i fj~: ,<,', ., ;t.~ '-;-.:'~ ';~~":J~' . (f) The following eXgenses or charges incu=red by ~hc Board of Managers (and/or unit c~ners) shall be g?ccially asse5sed to the individual owner to which such ey.~cr:~c or charge is applicable (in addition to any othe~ costs, char~cs or expenses ~hich by law or the terms of this Declaration are payable oy an indiviuudl v.....ih':::I"); (i) The amount by which any pre~ium for in- ~u~ar:ce m~int~jnprl by the B0ilrd of ~~nagers and/o~ any unit O'l,ner is increased i'S a result of any busi.ness or et.her ~~tivity or act of such owner, cr of a~y g~cst, i~vile~ or tenant of such owner, or the amount of any prc:7.iL:.:-:1 0:1 nc~' in::.:..:.ranc€' 1,o,Ihlr:h is purchased by t_he 30ard ot :"~ar.agErs solely as a result of any busine~s-or other activity or act of such owner, or of any guest, illviL~~ or ter.3~~ o~ such owner. If such increased pre~ium or ~ew ins~r3r.ce pr0mium is necessitntcJ by the usual a~d c~s~c~ar1 tus- iness activity carried on in accorcance ~i~h ~~e ter~s of this Declaration in any co~~crcial unit, then, uFon the pa}~0nt of such a~ount bv the o~ner ~: s~ch mercial unit, such owner sh~il net be d":eGed in violaticn of the terms or prov~sion= of this Dec13ra~lon. " (iil The monthly or other fee or compensatiuu and any other cost or surn which the Board of ~a~a;ers or Association is obligated to p~y to the ~anagir.3 agent with respect to a unit u~der the te~s of any agreement with such nanaging agent. ~\ (9) In addition to the rc~cdies or liens orovided by law, or by this Declaration, if an owner is in de~ault in the quart.erly pa}-.nent of any afG='~s3id charge or asse::>:-;;ller.t - ---- for thirty (0) days, the Board. of Han<J.gcrs nay bring suit for and on behalf of itself and as reoresentative of all vwn€rs," ~:) c:1!c!':-e C"0}1,.-,rotinn t.ht!reof- or to fOl"eclose the lien therefor as provided by law or by this Dcclar~ticni and there shall be added to the amount due the costs of said Buit, together with inter~st at the rate of 12\ per ann~~ I ,~ -~': tf~,'., , . "~, . ,:~i:e, ~. ~,~'?"= r!, -21- <- ;..~ " -<'~. ~ 4d l r I~ r~ ~, " c, . " ~.. '-- ~....; ;., ....'.. -." .....""'" from the due d3te thereof, plus a late charge not to exceed $20.00 and reasonablo attorneys fees. No owner may waive or otherwise escape liability tor the assessments or other charges provided for hereby by non-user of the general :ommon elements or any portion thereof or abandonment of that o~nerl8 unit. (h) Assessments or other churqes assessed a93ins~ a unit shall be the personal and individual debt of the owner or owners thereof and such owners shall be jointly and severally liable cherefor. (1) (i) ~he mechanical rOQ::lS and heating units ';:':"Id equii'::.-~' t ,,1 ill ,,=,i-u:::loscd c:.;":"~"':':crci.:ll -..:nits (including th~ parking level corr~crcial units, either before or after ~nclosure or subdiv;sion thereof, and, in addition thereto, the co~~on lighting equir~ent in said p~rking level commercial unit~) and residential u~it~. .::.~d ell ;-iF'='S ?l." onrt-o:::: or nt.hp-r apoarC'!.tu5 or equipment in connection ttlcrewith (to the extent to which the same are not purt cf the general co~~on ele- ments), shall be deemed owned in cc~on and to the extent to which the same are p~rt of the general common elc~cnt5. t..hey shall be li!:1.ited con."7lon elc::~en~f' reserved exclusively for u~e by thr> o\.mers wi thin whose '...1ni ts tht:: .:;ame arc situated by the respective ownCLb of the =~id er.cl~s,=,d ,=o!!'_~e!"-=i~l '.!!"!its ?,rl t-h,., rrc:idrr.tial units and by the owners of a~y enclosed co~~ercial and residential unit~ which may result from a subdivision of said units pur- suant to the ~el~S hereof F~rnitting such subdivisicn in the s~nLe proportion that the undivided interest in th~ general con~on cl~ments ap?urtenant to such unit bears to such undivided interest in the general co~~on ele~ents aF?urtcnant Lu Such uuit bea~s tv s~c~ ~~di~i==~ i~t====~ Ll. t.ne aeneral c:Jrnr.'lon elL'::>tOllS dU:.Jurtcnant t::; all of ~ucn units. The owners of all o~.such units shall have equal rights tu the use of, ana Shall share ..i.1I .;.11 cost:;> cf the maintcn3nce, rcoair, re~lacc~cnt and reconstruc- tion of such mechanical roans,' he~ting unite, p1pes, ~ucts, apparatus dllJ ~quip~~nt, ~nj the fuel tlsed in ~hA opera- tion thereof, in the same proportions a~ their own~rship in common thereof. (ii) In the event of any dispute or difference of opinion among the owncr~ of the units rcr~rred to 1n this sub?~ragra?h (i) at any time, with rcs~cct to their rights or obligations UJ1Jer the tcrn~ of this SUbp8T~- graph (i), the decision o~ the MaJl~ging Agc~t. or of the Boa't"d of i~anagcrs if there 1Jc no :'1anclging Agent, shall b~ final, conclusive and binding on all parti~s affected thereby. In the eV~Dt any such owner shall fail to refuse to pay any sum which, in the opinion of the Managing Agent or Board cf Hanagers is due and payable under the terms of this :;~..:.bpClr;)gr.:l.r::h (i), t:hc.n such sum shall become a lien on the unit of such owner which fUdY be ~~rfc::tcc. ar:::: for!:!-:-los'?0 nr sued for in the manner Frovided in thlS Declarati0n wit~ respect to liens for failure to pay a share of the common expenses. Any sums collected pS a result of legal or other actions taken - as ~a- resul t of the --refusal -of an owner to -pay as herein provided shall, after payment of all costs of ccl1e-=tion thpreof, be paid and apolied for the purpose for which such sums were due and payable. 21. Lien for Non-Payment of Com~on Ex~cnsc.~and Oth~ Oblications. All sums assessed but un~aid for th~ share of comm~n ex?ens~s chargcab!p to a~y unit and all su~s specially Assessed hereunder to any uni ,-\0.' '.1npi'l itl. and any and all -22- ..; ,.... }.-....",.t ~"-.'_... 'j ;fJt!; ;,~1f';'jj.. '" .~ "'",'.' ,;;.;1 _ -+~~I:;; c,.::,'.:!'" ,;,.;),i., :~',f~; '-,'.-..-",.- ',tIL -~,:':.t,~- '-,' ,~, ~.". " I. . , : .;.,r.: f" .. i ,.- ,~Lv.30S ;;1l.(541 " :1 /I " other sums due to the Association and unpaid by a unit owner under the terms of this Declaration, shall constitute. lien on such unit superior to all other liens and encumbrances, except only for: (a) Tax and special as=cssment liens on the unit in favor of any lawful governmental assessing authority, and (b) All sums unpaid on any first mortg3qe or first deed of trust of record in Pitkin County, luclu.di..C; .:111 U!'!- paid Obligatory adv~ ces to be made pursuant to such encum- branc,",':I. All ,...~~.- . ~ j.mior lienors acquiring liens on any unit after"this Declaration shall have be~1I rt-cnrccd in silIid records shall be deemed to consent th~t such liens shall be inferior to future li~ns for asscssrnen~s, as provided herein. whether or not such consent be specifically set forth in the instruments creating such liens. " 'I " To evidence sucn lien, tnp 3udLJ 0f :~.:.:"..:.:;::=:: ~~ managing agent shall prepnre a writtcr. notice setting forth the amount of such unpaid indebtedness, the general nature of the indebtedness, the name of the Q\'mer of the unit and a descriptic.m of the unit. Such a notice s:1a.ll be signed by a rn~:~~b':'r of th:: Board of fJ!anagers or by the manag ing a.gent and shall be recorded in the real property reCOHJ::; in the: office of the Clerk and nccorder of Pitkin County, Coloraao. Such lien shall attach tram 'tne oal:e ur i...i,oe fii..i:....:-;;: c~ ~..=.~._ ment. Such l~cn may be enforced by foreclosure of the de- faulting owner's unit by the Association in like manner as a mortgag~ or deed of trust on real property upon the recording of a notice or claim thcreof. In any such foreclosure pro- ceedir.;s, the owner shall be r~1uired to pay the costs and c;.;:p;::-. .~". =:! ::'.~('~ :'....ncA~dinl'Js, thc:: co.c;~s and expenSES for filing the notice or claim of lien a~d all r~asonaDle atto=- ney's f~es. The owner shall also be rc~uired to pay to the Association the quarterly assessrncnt(s~ fur the c~~~o~i~i~~ unit during the period of fcrcclo5ure, and the Association shall be entitled to a Receiver to collect the same. The ARRociation shall have the ~ower to bid in the unit at fore- closure or other leaal sale and to aCQuire and hold, lease, mortgagc and convey~same, or otherwis~ deal therewith. Any enc~~branc~r holding a lien on a unit may pay, but shall not be required to pay, any unpaid COr:lmon eX!J~;'~l;:':i or otllcr assessments or chargps payable with respect to Euch unit, and upon !"Ilch payment such encurnhrancer sha.ll have a lien on such unit for the amounts paid of the same rank as the lien of that encumbrancer would have had but for such lien for unpaid co~~on expenses and asseSSffients. The Association shall report to any encunbrancer of a unit any unpaid assessments remaining unpaid for longer than sixty (60) days after the same shall have become duc~ provided, however, thut such encumbrancer first shall have furnished to the Associatl.on written lluLice of :;uch encum- brance. "All SUMS assessed for co~~on expenses which rc~ain un- paid for thirty (30) days from and after th~ due date th~reof shall bc~r intcrc~t at the ra~c of twelve p~rccr.t (121) F~r annum [lUlU di.d .:..f~:::: s'.lch nll~ date. In addition, the Board of Managers may impose a late charge of not -to exceed ~L&.OO for each assessment remaining unpaid for thirty (30) d~ys. ., -23- , ( 30.... -"2 ~~ ~ i,',~[;:)"': " 22. Liability for Co~~on Exoc~se and Other Charqes Uoon Transfer of a Unit i~ JOlnt. Upon payment of a reasonable fee not to exceed twenty-five dollars (S25.00) and upon the ,.,ritten request of any o.....ner or an}' encumblanccr or pros- pec~ivc cnc~~branccr of a unit, the Association, by itu Managing Agent or if there is nene, then by the financial officer of the Association, shall issue quarterly a written statement ~etting forth the amount of the unpaid special assessments and co~~on exnens~s, and o~~~~ charaes due here- under, if any, with p~spe~t to the subject unit: the amount of th~ current ('"''';1'''~~ .,., as!5ess~(>nts and the date that such assessn'~l1L becc~cs a'.'~, ilnd credi.t for advanced. paj'~("nts of common assessments, which state~cnt shall be conclusiv~ upon the ~ssociation in favor of all persons who rely thereon in ~oon fa1th. Unless such request for a state~ent of indebted- ness shall be cO~Dli~d with within ten (10) days aft.:'r ~tccirt ~hereof, all un?3id co~~cn expenses and other cparges oUt! il\':~02ui"'.~~~ ..,..~i,:,!'. hpr.oi..e due orior to the date of making such rc~uest shall be s~b~r=ina~e to the llen u~ ~h€ ~2~=cn or entity rcqu~stiT'\g such statement. The grantee of a unit shall be jointly a~d severally liable with th~ orantor for all u~~aid asscss~ents aoainst the la!..ter [OJ" t~..:.t 'J:l! ~ I S pr(')~ortlo:latc share of the co;::r..cn expenses and for the special aSSC5s~cnt.s ami oU",;:r C:'l::'~';.:s .::;,;c he.reull~,;;i. ;,;p t~ !h'? t-imp of the grant c'r com."cya:-:ce, \o".~thaut prejudice to the grantee's right to recover irul:1 ~:~e ;~~~.~~ the amounts paid by thc grantce therefor; provided. ho~evcr, that UPO!1 pa}'1T\cnt of a rca~on~ble :cc not to exceed T...:cnty- Five Doilars ($25.00), and u;on ~rittc~ request, any s~ch prospe~tj~e grantee shall be entitlcd to a state~cnt frc~ the M~nr1ing Agent or the Associa:ion setting :orth th0 ~~ount DC l~e ~~p~i~ ~l~~rterly a~d special asseSSMc~ts, and any other charg(:5 due herc'Jnder, if any, \l.'lt:1 l.es:.'~~i.. :.:-.. !..~.Cc :c.~~:,":.:ct unit, !he ~m(,)unt of the current q~3rterl'l ass~ss~ent. the date that such assessment bcco~es due, and credi~s LUL advd.nccc Fay::-.c::ts. .:;hich state~e:1t 5:'all be- ccnclusi':e -...:::on the Association. Unless such recuest for su~h ~ 5tdl~~~nt shall be co~plicd with within ten (10) cays after recei~t of such request, then such re~uestir.9 grantee shall nat be liable for, nor shall the unit conveyed be subject ~o a lien for any unpdid a~ses~m~nts or other charges due hereunder against the subj0ct. unit, but shall not relIeve Un::: :;rv..:+.:.ar of personal res~ansibility therefor. The prnvisions con- tained in thIS paragraph shall not apply to th~ initial sales a:-:c C':'T"j'."":'.1nccs of the units by Declar2i:,.t, a:1d such ~ales shall be free fron any liens for co~~on or special assess~ents to the c~tc of conveyance thereof by Declarant. 23. MJrto?0in~ a Con1c~iniu~ Unit - ;rioritv. Any owner 5:1al1 h.;:l.\'~ t.c.e ri:::;:. fro;:! t.~::'.e ~o t.ir..e ~:) ;:.ort.::.:.:.ae or encumber that owner's i~terest by deed of trust, mortg;qe or other security instr~~0~t. A first ~ortguge or deed of trust shall np one which h3S first ~nd ~aram0unt Friority ~n~cr ap- plicable law. The owner at a unit ;;;a.y ~rc3tc juninr C:lCUr.\- brances on the following conditio~~: el} That any such junior encumbr2ince shall always be subordinate to all of the terms, conditio~~, co~cnants, rc~trictions, uses, li~it3tions, obligations, liens for cc,~on C^~cnses, and ot.her oblig~t.lons created by this Qeclaratior., the ~rticles of Incorporation Ana t.he oy-I.u.....:; c: !he ;.c;;c;;nr.iatlon; (2) That the:.- mortgagee under any junior ~ortgagc sb.all release, for the r~rrose v[ restoration of any improvc~cnts uFon th~ mortgaged pre~ises, -24- 'I .. , 3"" r: '3 6..vr. ,'..... l'l.~l \}'l all of that mortgagee'. right, title and interest in an~ to the proceeds under all insurance policias upon said prfmiaes, which insurance policies were effected and placed u~~n the mortgaged premises by the Associa~ion. Such rcle>asc ,Jri.ll be furnished forthwith by a junior ~ortg~gcc upon wri~~en request of one ~r ~orc of the members o! the Board of Man.gers of the Ass",~ ia tion. Ri ht of First Refusa~ for Plaza 2 Level la) In t. i"n'" o,,:ner of a '.onunercial unit on the Plaza Level (that level being the firs', level above the parking level) cf either the West or East Buildinss other than l'Jeclarar.t shall wish to sell or lease the sa1.1C, and shall have rcceivco a bo~a fide o~fer therefor from a pros- pectiv~ purchaser or tenant, including an offer from another owner, the selling or leasing owner shall simul_ancously qivc written notice thereot to tne ueclarant anu 011 ~c~oi~i~; owners of c~~~erci~l units, ana the De=larant shall ha~e the first right to purchase or lease the suoject uni~ u~on the same t~rrns and conditions uS 5et forth in the offer therefor, Pi<OVIDED. written notice of such eler:tion to pur- chase or lc?se is given to the selling or leasing o~~er, or the stllir!y Owner I s .::g=nt., together ~'Jith a matching d0v,'!'J Fay- ment or dep(')sit during the twenty (20) day period ir....:'lCdiately following the receipt 0':: the notlce of the offer to pU,l.I".:i.IO::>~ or lease. If the Decla~ant shall not exercise its rights of first refu~al as hercin3bove provided, the remaining cor.ner- cial owners, ir.=ividu3lly or collectively, shall have the second right to purchase or lc~se the subject unit upon the same terms a:ld conditions as set foeth in the -offer therefor, provided we~tten notice of such el~ction to purchase or lease is given tr, t~e sellina or leasing owner, or his a~ent, t0gether W..it:1 a matchjng down payment or deposit during the twenty (20) day period i~~ediately following the receipt of the notice of the offer to purchase or lease. The said notic~ to the rcmaininc: cO:-~"'!lercial owners as herein p=ovi;ll.:J for shall run sipultanccusly with that of the Decla~ant, the twenty (20) day period fOL' eX(';l'cisc being the san!::' period for both the Declarant and the remaining owners. :-) t;:',f"i' ~t\ .:->; ~;F:' }~ i~ :~':~:.:. ::l 31 i :,.",1" In the event the Declarant ~hall not hove ~xt::J:ciscd its ~ight of first refusal as above contoined and two or ~are remalnlng o;,::1crs shall have given their notice to the sellin:; 0,[ leasing o....:lcr as provided abc\'c>, th,:;> dfltr>r:-,inatioTl ')f wh.,)r1 amony the co~petins r(.;~ai~ing co~~crci3l ~~~~c~s sh~11 have the right to p'.1rC"hase or lease the unit shall be rt'ldUi: ilS follows: The sellin~ own~r shall notify, b~ notice given on the same d3Y, all owners who sub~itted their notice of elec- tion to p~rchase or lease and provided the dOwn payment or deposit as required hcre~nabovc, to sub~it sealed bids to th0 Bo~rd of Man?gers to the attention of the Chair~an of the Board of ~anag(!rs within t.....enty (20) days frol7l the receipt of such notic~. The Chairffi3n shall open all such bids upon the twenty-first (21st) day following th~ cay the selling owner mailed said notice to the compctJ.!lg o\'1oc:-s and the owner sub- ___~mit.t.ing~-t.h~--.bid offering the hi9h~st purchase prit..:e OJ: rent<;l for the subject unit shall have the right to purchase or~Icase------ the same. :in the evenL cUlY ()WJh:::l' shall atte..-;;Ft to ~cll or lease a co~~e~cial unit without 3ffording to the ot~cr owners the right of first refusal herein provided, such sale cr lease shall be voidable and may be voided by a certificate .~ -11 :;'N-,> '.;:...,'., "::f''\ i-'~ ,,', .~. " " , 11i~ "'.~'~-. }j'i:~: -;<._c .:"'-:'4'< -2S- I ! '" .~ y ,,~... '.- " ~t ....j "",,",,, of noncompliance of the Association duly' recorded in the recordin9 office where the Declaration is rp.corded. However, in the event the Associ..ltion has not recorded such a cp.rtifi- catc of noncompliance ~ithin one (1) year from the date of recording 1n the Cdse of a deed or contract deliv~red in vl~latlon or this paragraph and within six (6) mon~hs from ~~~ _ date of possession under a lease executed in violation of this paragraph, such a conveyance or lease shall be conclusively deemed to have been ~ade in compliance with this paragraph and no lonqcr void~ble. The su~ easinq or subrcnting of any interest shall be .Gubject t..::. t._ ~ ....:.mitation:'3 as are applic3blt:! to Lh-= lea~ing or renting thereof. The liability of the owner under these covenants shall continue notwithstandinQ the fact that the o~ncr may h~vc lzased or rented said interest as pro- vided herein. In no case zhall the right of f~rst.refusdl L~5e~vcd herein affect the right of an owner of a cor.~ercial unit to subject that owner's unit to a trust deed, mortgage or other security instrument. The failure of or refusal by the Declarant or owners to exercise the right to so purchase or h:u::>c 5:-..::;.11 not cC:1$ti- t:.:t.~ ':'r t-'? rlppmt~d to be oJ waiver of such right to purchase or lease when an owner receives any suosequcnt bena tio~ u;[~~ from a prospective purchaser or tenant. The right of first refusal for the benefit of the Declarant herein shall extend and run for the term of its limited partnership (and any extrn- sion thereof) or Lwcnty-one (21) years, whichever shall bc the shorter period. The same shall be personal to it and not a3~i;~~ble ~r tr~~~fpr~blc by it. Any party in interest to the for-egoing right of tirst refusal :nay, by wrlttCjl siC]Tl!.:u instr'.Lmp.nt, waivG the :;.1~C and r:otlC'E' thpI'cunder for a spec)fi~ sale or lease propo5~d. (b) In the ~vellt of any default on the part of any 'J',..-ncr under any first mortgage \,;hich entitles tho holder thCI:cof to foreclose same, any sale under such forccl::~:.lr'2. including dcli'.'c!"y of '" (ked to the first mortg,J(jee i:1 lieu of such foreclosure, shall be m.J.de ~ree ano. clear of Uj'~ provisions of t.his Paragraph 24, and the purch.J.!:;cr. or I')ran~~'-' under such deed in lieU of foreclosure of sucn unit ~h.111 be thereupon and thereafter subject to the provisio~s of this Declaration. If the purchaser, follo\Vin9 ~u;::h [or..:.c::'c.:;:...;r.: sale, or grantee under deed given in lieu of such fc:~('c-lo- sure, shall be the then holder of the first r.;ortqiloc, (;t" such encumbrancer's nominee, the said holder or nomin.:.c .may tilr:>rc- after sell and COI1VCY the ~nit free anrl cl~ar of the provisjcn= of this Paragraph 24, but said cncunbrancer's grantee shall thereupon and thereafter be subject to all of the prov.isions hereo f . The following transfers of Plaza Level commercial units are also exempt from the provisions of this Paragraph 24: - --------- - (i) The -t..ran!'i.fcL_oI_cQny.cy'ance by oper.J.tion Qf law or otherwise of the interest of any unIf owncr-------- to any other co-owr.er of the same unit, where such CO-oWners 9reviously held title to such unit as tenants in.common or as juinL L~1idnt.;; -26- " hV',2CJ jl.~!545 ,..." , I I L. - "'1'/~ ~ ........... (11) The transfer of a deceased's interest to a devisee or devisees by will or heirs ~t l~w under intestacy laws; (ill) The transfer of an owner's interest by treasurer's deed pursuant to a sale for delinquent taxes; (iv) The transfer of all or any p~rt of a pilrtnpr'!) _ 'terest as a re~ult of withc.rLl....al, death, or ct~...;:....: .:: the rp.maining part.ners carrying on the partnership business and/or to a person or persons becoming partners~ a trar.sfer of all or ?art of a partner's or partners' interes~s between one or more partners and/or to persons becoMing partners; (v) The transfer of a cor~o~ationI5 interest to the persons formerly owning the stocK of the corpor- ation as the result vf a lic~ication u=o~ dissolution, or transfcr to the resulti~g 0ntity foilo~ing a corpcr~te merger or consolidation; p!"o'Jicie::i. no,,"'€':er, that at lp~st fif,.y ('in) 9p.Tc('!nt nf -i"_l1P <;l"o{"'k r'J "h~ n:'Slllt::i!"'] ;~titY,is ow~ed ~r thc.stcckr.oldcrs o! the corpuraticn '&'U'&'lllt:L J..Y U..II.1II1;;1 t.n~ UIlJ. t:; (vi) A transfer by act~cl bona fide 9ift~ Otherwise, if the owner 0: a P!uza Level co~~erci~l unit can establish to the s3tizfactio~ o! t~e Bo~!"d of Managers that a proposed tr~~5fcr is not a sale or l~~se, then s~ch a translc!" Shall not. DC: S'-lb)Cct to t~IC P=OViS10:-.S o~ this Para- C]raph 24. (e) Upon written request of any pro5~ectivc trans- felep., purchaser, tenant, or ~n existing or prosFective mortgagee of any unit, the Boa~d of ~~nag@rs sh~ll forthwith. or '.ihcre tir.l.e is spcci:icd, at tho:: €:1d of the ti:7le, issue a written and ack~c~lcdgcd cc=tifi~~te i~ ~ccc=d3hlc fc=~, evidencing: (i.l \-:ith respect to a proposed lease or sale under this Paragraph 24, that pruper Jlo'lice was given by the selting or lc~sing owner anj that t~~ Declarant and/or reMaining own~r5 e~title~ to su~~ r.c~icc did net elect to exercise their option to purchase or lease, or waivers i~ lieu th0r~of have been obtaineu; (ii) With resnect to a deed to a first mort- gage~ or holder of a fi~st trust deed or its no~ince in lieu of foreclosure, and a deed from such first ~o~t- gagec or its no~inee, pursuant to this ?arayraph 24, that the deeds were in fact given in li~u of foreclosure and werp nnt ~'lbject to th~ Frovisic~~ of P~=3;=~ph :4. (iii) With respect to any conte~?lated trans- fer -which is not in fact ~ sale or lE'as~, tJI<:lt the transfer will not be subject to the provisiuns of this Paragraph 24. Such a certificate shall be conclusive evidence of the facts contained th~rein~ t,',,"..,"""'..' ..~,. -e. IIr' " Iii>..:';'-, f. ~;'~~_' .Y-' ';' -' - . :",..,,' ~,ty " : " ~ '.' - '. ,'. .'. . " <></0;;' I~,:,!" '--~~':' . . "'-'. ~', '.,~' : Ji.:.ii':':, -}7- -'IiI.. >~ .,. - . \ ~ ;1" ,J&,' # <:r -< . "it -' .. < :." 'l;" ~ '.:- .'..' .~ _, ,,., ",.' ."^ ~ .,,: -~. ~:~.. ",:"&:,~,:",-....". <' ."A~'" "l"t'h*-J;.-,). ,_~ ~ ~ ,:{. ," ~",." ~r:"'" 'll'''l;.... '. !l:',.~i!"'::'irIf."';; f ~-->.:..Jj~..;:.''"}-",\'' ~:> ". "'.,"'."',,., -(;. ;~...';I,h;.:r~) .;;.-~ >- . (~,~: ~.. ....~ :'->"\l-o." ,....... ,~.... . -~c:' '~,t~:'~:, '. ~t,i"',;.:;~. 41: _ .....:.. I t .~~ 1,.. I !I i~ 11 " 25. Association as Obsole&caace an Sa~. datory the irrevocable deal with the property c ~ttornc -in-Fact Dame c Destruction, '!' ~ Dcclar.1t. on oes ere y maKe man- a~pointrnent of an attorney-in-fact to upon its uestruction or obsolescence. " ~ t i: t Title to any unit is declared and expressly made suhject to the terms and conditions hereof, and acceptance by any grantee of a deed from the Declarant or from any owner shall constitute appoin~cnt of the attorney-in-fact herein pro- vided. All of the owners irrevocably constitute and appQinL the rl.ssociclllon their t. 'e anr1 lawfu.l attorney in their name, place anu. stead f.:.... '..'. _ -i .....:e of dealing with the property upon its destruction or obsolescence as is her~inafter pro- vided. As attorney-in-fact, the Association, by its president and secretary, shall have full and complete authorization, right and power to make, execute and deliver any contract, deed or any other instrument with l.'c5?C.:;t to tr.~ i!"tp.r~st of ~n owner which are necessary and appropriate to cxe~cise the powt:l.-S herein granted. The t~rm .. ir:lprovc~ent.s" r..c.>.:ms any improvements for~inq a part of the property, or any portion thcrevr, including any unit. Repair anu reconstruction of the i~prov~~ent~ as used in the succeeding subpara9rapr.~ means restoring the same to substantially U:.c ~;~:!ie cG:1diticn in which it existed prior to the dawage, with each unit and the general and lir.1ited cor:ullon elt..:~',-,c:.'.t3 ~.:....i:-:; s,.,hct".1ntially the same vertical .c1nd horizontal boundaries as before. The proceeds of any insurance collected shall be available to the Association for the purpose of rcpair, restoration or r~- placements unless the owners and all first rnort9agees asree not to rebuild in accordance with the provisions set forth hcreir:..aft~r_ ~:- };- "c.-."".," ~ (~) In the event of da~ay~ or dc~t~ucrinn due to fire or :It':er disaster, the insurance proceeds, if sufficie:nt to reC0ns~ruct the improve~0nts, shall be applicd by the Association, as attorney-in-fact, to such reconstruction, and the irn?rove~ents shall be pro~ptly repaired and r0CO~- structed. The Assoei3tion shall have full authority, right and power, as attorn~y-in-fact, to cause the r8~air ~~= ~e5- toration of the improvements. ,.' (b) If the insurance proceeds are insufficient to repair and reconstruct the improvements, and if su..h da~aQe is not more than fifty (50) percent of the squar~ foot area of the building~, such damage or destrucLion ~h~ll h~ oro;~~tlv repaired ar.d reconstructed by the Association, a.s <1tto~ncy:' ~ in-fact, using the proceeds of insurance and the proceeds of an assessment co be made against all of the uwr.ers and their units. Such deficiency assess~ent shall be a co~~on eX~~~j5~ and made oro rata according to each owner's percentage in- terest in the general co~~on elements an1 shall ~0 due a~d payable within sixty (60) days after written notice ther~of. The Association shall have full authority, right and powc~, as attorney-in-tact, to Cduse the rc~air or restoration of t~e improvements using all of the insur~nce Droceeas for such purpose notwithstanding the failure of a~ owner to pay thc -------~--asscssr.'lent:__"Thu____asse~s;nent -p~ovided for _herein_shall be a debt .of each o......ner and a lien on each ovmer I s uniT may be enforced and collected as is provided in Para';1ralJh 21. In audition thereto, the Association, as a~torn~y-in-fact, shall have the absolute right and po....er to sell the ullit of ani" owner refusing or failing to pa.y such deficiency assessr.:cnt wlthin the time provided, and if not so paid, the Association -28- ..v , . "'.........308 ,:,.[ 5.l7 , ~ ~: " by and throuqh its Board of Managers shall cause to be recorded a written 8tat~ent that the unit of th~ delinquent owner shall be Bold by the Association. Th~ proceeds derived from the sale of nuch unit shall be used and disbur~ed by the AS80c~dllon, as attorney-in-fact, in the following order: (1) For payment of taxes and special assess- ments liens in favor of any assessing entity and cus- tomary expenses of sale; (2: ~: rr-:nt of the balance of the lien or any fir~t ~ortg~~e or op~n of trust; (3) For payment of unpaid charges including i\ttorney's fees and costs of collection due hereunder and common expenses, including all s~m5 due under the terrnn of this Pa=aQraph 25; (4 ) brances in the pr ior i ty; awl For payment of junior liens and encum- order of and to the extent of their (~) The bulance remaining, if any, shall be pa id to the uni t o\m~r whose uni t is sold. .y~ ..,N,. ,/(' rt]" t ,t {;'~')~~:,~ ;!~' ,-"I,: 1,", ciii c, - ';;,. ':~~~.,~~ ,t. .~~ , .r,f _~,- ~{' (c) If more ~han fifty (50) percent of the square foot area of the buildinss is destroyed or damaged, and if the owners rer-=0senting un aggregate ownership interest of sevcnty-fi':e (75) percent, or morn, of the general cornnon elements, do not voluntar~ly, ~ithin one hundred and eighty days (180) chereafter, m~~:eprovisions for reconstruction .ih dl,.;":0i-d'-.nCe "r;ith :-: ~~.::::-:. .....hich p];.o", mll~t- have the ununiJ':'1ous approvul or consent of every first J':'1ortgagee, the AssociatiulI shall fcrthwith reco~d a notice setting forth such tact or facts, ~nd upon the rccQrding of such noti~e by the ^ssocia- tion's president and sccrct3ry, the entire r~maining premises shall be sold by the ~5sociation, as at:orn~y-;n-fact for ~ll 'of the owners, free and clce.r of the provisions conlilin€:d in this ueclaration, th~ CU/luuj-'linio.:..r:i :':up ii...: th~ Ei'-L~\.:s. T~e insurance settlement prQce~ds shall be collected by the Assoc- iation, and such proceeds ~hull be divided by the Associati~n according to each owner's pp.rcent~ye in~crcst in the gen~~al common eler.lent~, and such div::..dcd procC'-:,ds shall be paid irl"':u separate accounts, euch such account rc?resenting one of the units. Each such accou:"t shall be in the ;1~:.:!;:' of th,: Assoc- iation, and sh~ll be further identified by the unit designa- tion and the name of the own~r. Thcrc~!ter, each such 3C- count shall be sU!Jplcment'?d by the apportioned amount of the proceeds derived frJ~ the sale of the entire property. Such apportionment shall be b~sed upon ~ach unit owner's percentage interest in th!? general C(li!l.o"'non ele:nents. From each separate ~ccount, the As~oci~tion, ~~ ~ttorney-in-fact, shall forthwith use and disburse the total amount (of each) of such accounts. without contribulion fr-c:7, cnc .::ccou!:t. to anothpr, toward the partial or full payment of the ~ien of any first mortgage and deed of trust against the unit represented by such separate account. The tot31 funds of each account sh3ll be ~sed and disbursed, without cont=ibution from one account to another, by the Association, as attorney-in-fact, for the sarnE" pnrposes and in the same order as is provided in sub- paragraphs (b) (1) through (5) or this paragrcl~h. 'd.<.:: ,-l.uv1.- sions contained in this s'Jbparagrdph shall not hinder the prot~ction given to a first mortgagee or first deed of trust holder under a mortgage or d~,=,d of trUst endorsement. ':., " '~"': ~"'> ." -29- -v- ;:if ~..'\ ......,J" r ...'(jI;308 rt~[511B , " I !I If the ownp-rs representing an aggregate ownership ,I Intcrc!:t of seventy-five (75) percent, or more, of the general common elements adopt a plan for reconstruction, which plan has the unanimou~ approv~l of all first mortgagees and holders o! deeds of trust, then all of the owners shall be bound by the terms and other provisions of such plan. Any assessment made in connection with such plan shall be a common expense and nade pro rata according to each own~rl~ ~PTcentage interest in the general co~on elements and shall be due and payable as provided by the term!t .'~ such plan, but not sooner than sixty (60) ~~...s aft~r WY' .;....L.. .h........l.Ce thereof. The Association shall have full authority, right anu power, as attorney-~n-fact, to caU5e the repair or restoration of the impro'Jcments using all of the insurance proceeds for such purpose notwithstanding the fai~ure of dn owner to pay the assessment. The assessment provided for herein sh3l1 be a debt of p.ach owner and a licn 0!1 tt...,.. nwner's unit and may be enforced. and collected as is ~:'"""'vided in Par41graph 21. In addition theret:.Q, Liuc ';.;sc.ci.:.t.i:::-:., as attorney-in-fact, shall have thn absolute right and power to sell ~he unit of any owner refusing or failing to pay such assessment within the time providen, and if not so paid, the Association shall cause to be recorded a notice that the unit of the delinquent owner shall be sold by the Association. The proceeds derived from the sale of such unit shall be used and ~i5''h''re;;pil hy the Association, as attorney-in-fact, for the sawe purpo!:=cs and in the s.:.rne order as is prov1Cied in :>u.j,...t'.:.....a.;Z....i='~.:; (b) (1) through IS) of this paragraph. (dj The owners representing an aggregate ownership interest of eighty-five (85) percent, or more, of the general co~o~ c)~ments may agree that the units are obsolete and ~d0n'" ~ ~lan for the renewal and reconstlu.ction th2~e~r. w~i~h pla~ nu.;t have the unanimous approval ur alj. fi~-.3t :7,c;r'.:.;~:;":'~:;: and holdl rs of first deeds of trust. If a plan for the rene~al ~f reconstruction is adopted, ~hen the expense thereof shall D~ payable by all of the owners ab co~~on expens0s; provided, however, that an owner not a party to (if not approv- 'ing) such plan for renewal or reconstruction may give written notice to the nssociation within thirty (30) oays of adoption of su;:h plan that such unit shall be purchased by the Assoc- iatio~ for the fair n3rkct value thereof. The Association shall then have fifteen (15) days after the cxpir3tion of thirty (30) days frem the adoption of such pl41n within which to cancel such plan. If such plan is not cu.ncelled, .ther. the unit shall he purchased according to the following proced- ures. If such owner and the Association can agree on the fair rarket value thereof, then such sale ~h31l be consu~~ated ~ithin thirty (30) days after the ~xpiration of forty-five (45) d~ys from the adoption of the plan. If the part~e~ are unable to agree, the date ~hen either party notifies the oth~r that he, she or it is unable to agree with the other shall be tr.c "co::unencillg date" from which all periods of tiMp. mentioned herein shall he measured. Within ten (10) days following thc cOirJ':'lencing date, t::ach party shall fI'_,;dr,ate in writing (and give notice o~ such nomination to the other party) an appraiscr who shall be a licens~d Colorauo real estate brokc~ and regular.member of the Aspen Board of Realtors. If either pnrty fails to make such a nomination, the appraiser nominated shall, within five (5) days after default by the other party, a~~oint and a~~cciatc with such ~ppl.aiser another appraiser (to be selected by the Aspen Board of Realtors. -30- !: :' i I " ( <VN'10S 'r J;.Hl I....'\i.v ..\:..V".u "",-- ~ If the two appraisers desiqnated by the parties, or .elected pursuant hereto in the event of the default of onp. party, are unable to Agree as to the fair market val~e of the unit, th~y shall appoint another appraiser (to be A~lpcted from the Aspen Board of Realtors) to be urr.pire between them, if they can agree on such person. If they are unable to agree upon such umpire, then each appraiser previously appointed shall nominate two (2) persons (each of who~ shall be a regular member of the Aspen Board of Realt~=c), ~~~ !=c~ the ~~m~R of the four persons so nominated Qna shall be drawn by let b~l any judge of any "'nnrt of record in Pitkin County, Colorado, and 't.he name ~o ......ca.... sJJd.ll be such ur:l::lire. The nominations from whom the unpire is to be drawn by. lot shall be sub~itted within ten (10) days of the failure of the two appraisers to agree, which, in any event, shall not b~ later than twenty (20) days following the appoint~ent of the second appraiser. The decision of the appraisers uS to the fair ~arket value, or in the case of tJle~r C1~sagrecr:len't., t.hcn ~udl Jt.=I..;s::".:.i'i; vi the umpire, shall be final and binding. 'l'he expenses and fees of such appraisers shall be borne equ~lly by t~e Assoc- iation and the owner. The sale shall be cow:::u:-:-..'7Iated .....ithin fifteen (15) days thereafter, and .the Association, as attorncy- in-fact, shall d~~burse such proceeds as is ~rovided in sub- paragraphs (bl (1) through (5) of this paragraFh. (e) The owners represcnt.ins an ~~~[~~aL~ c~~c~ ship interest of ninety (~O) percent or ~or~ of the general common ele~ents ~ay agree that the units are obsolete and that the property should be sold. Such agree~ent 8ust have the unanimous ap?roval of ev~ry ~irst. :;:o;:'tgagee a:ld first trust deed holder. In such inst2:;:c~, the As::ociation t:y and through its Do~rd of Manacc~s shall fc~thwith r~~ord ~ ~tRte- ment settif.g forth such tact or :3.cts, ana. upon d,l::! Ll:l..urdi"g of such s~atenent by the hssociation's preside~t and secretary, the entire prc~ises shall b~ sold by the Association, as attorn~1-in-fact for all of th~ o~~ers, free a:lo clear of the provi~i~ns c0nt.~incd i~ t~is Dpclaraticn, the Cc~~ominiu~ ~ap and thf By-La~s. The sales proctcds shall be ap~orticncd bct- weC::t t:Je o""ners on the basis of e~ch o'.m~r' s percentage i:-.tcrcst in the general co~.on cls~cn~s, and such ap~orti~nec proceEds shall be paid i::Lo .:;ep..H~tl~ dl,,;L:UL:I.L::., edL.:1 such aC":,-,uIIL 1.'::-;':'-':;- senting one unit. Each s~ch account shall be i~ the na~c of the A3sociaticn, and shall be further identi~ieci by lile unit designation and the na~e of the owner. Fro~ each separate account, the Association, as attorney-in-fact, sh311 llse a~~ di5bur5e the t~t~J 3~0unt of each of such accounts, with~ut contributioll frOD one dccount to anolllcr, for the saDe ~~r~cscs and in the sa~e o=~er as is prov~ded in sub-paragraFhs ib) (1) through (5) of this paragraph. 26. AC:}~lisitio:-: of 'f}::-o.;e=~'.' ~e~ C~~:'-:="1 t'S0. The Assoc- iation May d'-:,!-Jire and :-.old .:cr the ~::;~ an~ be~e:it of all of the owners, real, tangible and i~tangiblc ~elsonal prop- erly and way Ci5FCSC c~ t~e ~~~~ by sale ~~ 0th~-wis~, and the beneficial interest in any such ?ro?er~y shall be o~ned by the owners in the sa~c proportion as their res?cctive - -- inter-est.s--in- the gODar-al .cOnI!ln:L eLc!".Hill..ts_anp _s!,,--<!ll J!o.t be transferable e:-:ceot with a transfer of a unit. A t~ansfer - -~ ----. of a unit shall t~a!'lsfer to the transferee o',:nci:ship of th~ transferor's u~neficial inlerest in such prc~crty withcut any reference thereto. Each owner moll' lJb~ ~udJ I-:l.:G;,cZ'ty i.n u.~- cordance with the pur?ose for w~ich it is intended, without hindering or encroaching upon the lawful rights of the other -31- --/It.. .-'i t e0'j~303 ;:.cf550 ~ owners. The transfer of title to a unit under foreclosure shall entitle the pllrchascr to the beneficial interest in such property associated with the foreclosed unit. 27. }{eqistra.!}~ ~y 9.:::ncr !=,f ~"i!--in'J ArMrcss.. Eac;l Owner :;hall register that owner's milrr~ng address w1th t.le Association, ilnd except for budget statements and othp.r routine notices, all other notices or demands int~ndcd to be served uoon an owner shall be sent by either registered or certified mail, post~gc pr~p"id, addressed in the name of the owner at such registered m<liling address. All notices, Gcmand::. or other notices ir... ~ndcd to be served upon the Beard of Manayers of Uh.! .,___ .;._.:......n or the ;~~EcC'i.J.tiC'n s~~ll to...... C:f'nt: by ccrtifi~d mail, po~tuge prepaid, return receipt r~qucsted, to 710 East Durant, Aspen, ColoradO 81611, until such address is changcG by a notice of address chan9c duly recorded in the offic~ "f th.e. Clerk and Recorder, Pitkin County, Colorado. All notices. dl;manc1s or other instrur:-.cnts intended to be served upon the Declaru:1t shall be ~ent to it in tilp. ::'dlll~ i,-,u.i'.r,~;:- =.t. P. O. Box 256 , Aspen, Colorado 8161), until ~uch add reGS is changed by recorded notice. ,\11 notices so mail<:>d shall be deemed given when dcpos1led in the U.S. Mails. i" --~ ~~ 'i.1;' i " -,':;'? '" 28. Period ~~ Co_ndornir~..Lum g~:3l~. . The :''''::;::lratc cor.do- minium estates cre.\ted by tnls Dcclar.J.t1on and the Condominium M~p c:h~11 continue u~til this Declaration is revoked in the manner and as is proviucd in Pilr.Jgrap:l ~~ or 'l:jli~ U~l:iCH'U:":C;-. or until terninatcd i:1 the rn.Jnncr and uS is provided in Para- graph 2~ of this Declaration. ~9.. Revocath':1. This Decl.:l:.-~tiC'n sh",ll not be revoked unle~~ ~ll of the owners and all of the holders of all recorded :::o~f.....,a'Jt;'5 <"lnr1/nr deed of trust covering or uffecting all of the units unan1miously cU/l::>0nl <<nd .-:ryrce tc ~ud, "--;,",,c.-:- tion by instrument(s) duly recorded. 30. Comolia;"lce ,...ith Provi5ion~ of Declar"tion, Bv-J,,J''':S of the ;\ssoC'l.il.i~- E:Jcl1 O",':!1~r shJ.ll-co~?ly-str1ctly .....i'.:.l1 t;,c provisions of this Declaration, the t\rticlcs of tncorporatlon and By-La....s of the i\ssociatlon, and tile reasonubit: rules and regulations of the Association, all as the same may be la.....fully amended frolll lime Lo ti~c. The violation of any rc:;triction or condition or rCQula- ticn adopted by the Board of Hanagers or t.nl;;' breach of an';' covenant or provision herein contained. shall give the Board of ManalJers (in t!1c name of the 1\::isociation on behalf of the owners) the right, in addition to dny other rights provided [or in this Declaration: (a) to ~nter unon the unit, or any portion of the property upon which, or a~ to which, such viola- tion or br~ach exists ~nd to s~arily abate and remov~, at t~e expense of the d~faultin9 o~ner, any structure, thing or condition that rn~y cxi~t thcrco~ contruTY to the intent and meaning of the provisions hereof, and the Board, or its employees or a9cnt~, shall not thereby be deemed guilty i~ any manner of trespass: or (b) to enjoin, abate or remedy by appropriate leqal proceedings, either at law or in equity, the continuance of any __ __ __ ___b_r~ach: or (c) to recover Sur.lS due for damages. Such remedies shall be cumulative-and nat--exclusive of one anothcr-and-sha~-- be in addition to any other remedies available to the Board of Managers by law. Furthermore, if any owner (pither by that cwner's own conduct or by the conduct of any other occupant of that owner's unit) shall violate any of the terms, conditions, , ~~;..'J":,":'C!~ ;~t~~iI. I I , . " " ( " " covenants and obliqation. of this Declaration or the re- gulations adopted by the Doard of Managers and such viola- tion chall not be cured within thirty (30) days after notice in wriling from the Board of Managers or shall re-occur more than once thereafter, then the Board of Managers shall have the power to issue to the defaulting unit owner a ten (10) day r.otice in writing to terminate the right of the said defaulting owner to continue as an owner and to continue to occupy, U!'le or control his unit and thereupon an action in equiLy may be filed by the Board of Managers against the owner and/or occup~nts, or in the Alternative a decree declaring the terminntion of the defaulting owner's right to occupy, use or Cl.. ':.rol the unit o\mcd by said defaul tiny owner vn accouu.... .. _ :;:.~acn of covenant and ordering that all the right, title and interest of the owner in the property shall be sold (subject to the lien of any existing mortgage) at a judicial sale upon such notice and terms as the court shall ~~tabli=h, c~cept t~~~ th~ court shall enioin and restrain the defaulting owner from re-acquiring the de- faulting owner's interest at such judicial sale or by virtue of the exercise of any right of red~mption which may be established. The proceeds of any such judicial sale shall fir~t ~e paid to discharge court costs, court rc~crtcr charye~, rcu=cnab!p attorney fees and all other expenses of the proceeding and sale, and all such items shall be taxed against the ut:[o.i.ilt~;-.; c~:::c!' i!'!. ~?;n .--!f"....rf~e. f,nv balance of proceeds after satisfaction of such charges shall be ap~lied and paid in the sc.rr:e order as is provided 1.n sub-paragrar:-1I5 (b) (l) through (5) of Paragraph 25. Upon the co~firmation of such sale, the purchaser thereof shall thereupon be entitled to a deed to the unit and, subject to the ri~hts of the Board of Managers as provided herein, to immediate po~sto'.ssio., of the unit solei .-tln.:1 iT.u.'~. .::;;~l... ~c th'? rnurt for a writ of assistance for the purpo~e ~~ acquir~,ng ~uch possession, and it shall he a condition of any sl~ch sale, and th:! decree shall so provide that the pLi~ch:.tscr shall take lhe interest in the property sold subject to the terms, condit:~ns and obligations of this Declaration. Ii 31. F~ilure tn Enforce. No ter~s, obligations, covenants, conditicns, re-st-r"ictions or provisions imposed hereby or contained herein shall be ulnog.-:.;ted '.Ir w.:livcd by any failure to enforce S3~~, no matter h0W many viola- tions or breaches thereof m~y occur. 32. ArrH~ndJ'l'\ents. The provjsions of Paragrat.>hs 1, 2, 3,4,5,6,7,8,11, 12(a), l2(b), 12(C), l2(~-), l4(bj, 14(c), 14(d), 16, 17, 20, 21, 21 (with the \;1rittcn con~ent of the Declarant for so long as its right thcr<3:;Jnder shilll ~urvive) and this ?aragra?h 32 of this Declaration ~ay be amended, changed or ~cciiiied by an instrument in writ1n~ setting forth such amendment. change or modifica~ion, sig~cd and ackno....-ledgcd by all or the owner.:; .:l.nd all ~~r--tgag(>es or holders of any deed of trust having bona fide liens of record again~t any unit=. Other FrQvi~ions of this Declaration except Paragraph 24 may be a~cnded, changed or modified b:,' an instrument in writing setting forth such a~lendment, ch~ngc or modification, signed ,and acknowledged by all of the members of the BOilrd of Nanagers, -at least seventy-five (75)- percent of the o~ncrs and by all mortgagees or haldcr~ of any deed of trust having bona fide liens of record against any units. Any amendment, change or modifico~i0~ ~h~ll ~s effective upon recordation thcr~of. No change, modification or amendment which affec~~ the rights, privileacs or oblig.:l.tions of the Decl~r~nt shall be effective without the prior written consent of the uecli\r.Jnt. No ch.J::ge, modifi- cation or amendment which is in derogation of conditi~ns -33- ~ ~. ,. 1-',0,' .,." ;it a...- ~... .,. ....::;.,,~ if~~-- I' . ~. .. ,...,',. F ..~....\". ,-,..j '''','~''''~~ . imposed upon~Q improvement, use and occupancy~~.. the condominium project by tho City of Aspen shall be made without the consent of the laid city or governmental authority succossor thereto with jurisdiction thercover. . ~~~:t?: ",!J~~" , -, .'~.. -~~~r?"-"" "..;; .. ~';........"'....-~ 'Il ",-'''''"rj:..,~~ Io~~' -" ~- ~~""4'~ 3' ,r<.:t""t~ ..,.,' 4,!:;~ .....i.H ~ ~'{','?J.-.:,tJ:tr . ~ ',-- <.;,;.~;... ,~"... ~",......~". '. ic3 . , ~^ ~'f.toij',....~< ';;,1 ~~"Y' ~',' -P"'t.-~~' "':'~':;....;N',:tf4/'.. "':" ~ ~J';"'~:, .~.....-t:'''_~'':~''''':'~'' > , 33. Gcncr<ll. (a) If any of the provisions of this Declaration or ftny p~r~~r~ph, ~p.ntcnce, clause, phrase, or word, or the application thereof in any circumstance be invalid~ted, such invalidity sllall not aff~ct the validity of the r~m.J.incJer of this Declaration, and the application of any such provision, p~r~graph, sentence, clau~e, phr.J.~c or ~or~ in any other circumstances shall .,t be affected th~rcby. All of the terms hereof are r.",..,.,.. ~cclaTcd to be severable. (b) The provisions of this Declaration shall be in addition and supolemental to the Condominium ~vnershio ~ct of the State of " Colorado and to all other provisions of la\o1. (e) Whencv~r used hCT0in, unless the context sh~ll othcndse prt'vide, the ~i:!"Julur n'..!!""\bcr $h.3.11 include t~c plural, the plural the singular, and the ~se of dny g~,~~~r shall include all genders. (dl The provisions of this Declaration shall be liberally constru~d to effectuate its purpose of crcuting a uniform plan for the development and operation of a first- class residential and cor.~ercial condominium development. (e) If any of the options, privileges, covenants or li9hl~ \.::"~:1L~u Ly tll.i::; j)~'.=li.lrd.t.il_lll o,;ilrli1 ill" lInid....rul U.L void fer violation of (a) the rule against perpetuities or some <:.nalogous statutory provision, (b) the rule r('stricti:1g restr;..Ii..ts on alienation, or (c) any other statutory or corrn1on law rules imposing time limit~, then such provision stall continue only for the period of the lives of John C. Ginn and John Lor::-n Y~1.\~', ar:d thC'ir :le'," li'.'ing C2sc'-':-":0aDts, and the s~rvivor of them, plus twenty-one (21) years. IN WITNESS h'liERL:OF, the D....clarant, BLOCK lOG ';:-~SOCI';7'I:S, a Limited Partnership, by <3. gcnc)"<3.,I, partner t.be.leo~, has duly executed this Declaration this .;...hl day of !....., "....... t....... , 197L. ~ ~_L.!::_~---r-- BLOCK ] 06 ASSOCI/'ES ',0 /J/f' By ~.... { 11:'7 -( _~--;'~--:___ '~ohn C. Ginn, Gcncr~l Partner ,./ STATE OF COLORADO CO'J.nty of Piti:in 55: The foregoing instrument was acknowledged before ree this ~ day of ft.J, 11.104_, 1976, by JOHN C. GI:--JN, a general parLner----ot BLOCK-10o -ffSSOCIi\TE'S,naL1rnitcd Partnership, as and "for t~c act of that Limited Partnership. ,'!".' ".\ . C'''' ,.' f">...... ',~" '. t, ~}.::" :. ',. WITN~SS my hand and official seal. Commission Expires: {p -14, '77 My : ~ L vtl~-1.-,", Not-ary- :! Jkl.-"A'l.I'^-} (,1t~. ! .' " ..i" - J4 - I, , i , , '~'J bXr,~,-J ;"f.J..\oJv " EXHIBIT A TO cor/DOMINIUM DECLARI\TION FOR TilE DURAI1T MALL (A CONDOMINIUM) The undivid(;Q interests in general common clements appurtenant to ~. ts in THE DURANT MALL (a Condominium) arc as follows: West Building Plaza Level Commercial Units Uni t number Percentaqe Interest I \<1-1 \<1-2 \<1-3 7.60 6.S3 4. 66 Level 2 Commercial Units \<1-4 W-5 \;-6 W-7 \<1-8 \<1-9 \<1-10 3.25 2.48 2,66 3.43 3,20 2.48 3.20 Level 3 Residential Unit R Consis.ting of 8 ~tmC'nt Dwellings A through H 1S.00 East Building Plaza Le",.cl Commercial Units [-1 E-2 E-3 E-4 2.03 3.42 2.69 2.03 Level 2 Commercial Units E-5 E-6 E-7 E-8 E-9 2.27 2.99 2.66 3.08 2.21 r....."..~ "." - pitkin county 506 east main street aspen. colorado 81611 M E M 0 RAN DUM -- ,--.:::~:::-~:\ ~.-:-";.:,,~'; ~'\ h {-'- .~. :,~..~-:~,\;\ " , "~ ..... \,\\ ~;~ , . ~:~,'.;?J ',,~. \'. ., . __ ......-:.::~ _L <:./ , ..':;(f.'.~,;if , <"1\-~:'1 '. ..(.... C..N~' ;';_" :>::"i~~';';:;:t'--'" ".: TO: Collette Penne, Aspen Planning Office Gail Schwartz and Karen Smith ,'':':' Aspen/Pitkin County Housing Authority FROM: DATE: 'September 8, 19B3 RE: Smuggler Run and Durant Mall Condominiumization Applications We have reviewed the two applications you referred to us and have the following comments. 1. Smuggler Run SPA Amendment As we understand it, the Smuggler Run SPA Amendment is being applied for in order to allow owners of 17 mobile home spaces to expand their mobile homes. The amendment includes language permitting the Smuggler Run Board to approve expansion up to 1,100 s.f. for a 2 bedroom trailer and 1,300 s.f. for a 3 bedroom trailer. The Housing Office has two comments: a. Expansion of 3 bedroom trailers, to 1'1300 s.f. is' compatible with the 1982 guidelines but would be incompatible with proposed 1983 guidelines which will limit 3 bedroom trailers to 1,200 s.f. To cover this and any future change, we recommend that language under the Improvements paragraph of the architectural standards refer to Employee Housing guidelines adopted by the Aspen/Pitkin Housing Authority (instead of those cited in the Code, which may be out of date) and that specific reference to square foot limitations be deleted. b. Approval should be contingent on amending the deed restric- tion to incorporate a mechanism for calculating the ceiling for resale value of any expanded mobile home. The amended language should reflect that: "For the purpose of calculating a ceiling for the resale value of expanded square footage, the resale value of the co!,lette Penne ~<..... , September 8, 1983 ~ ,',,", ,.~/ Page Two expansion area shall not exceed the current resale value per square foot of the original structure." This is recommended as a reasonable ceiling since the resale value of the original structure includes land value. It should be remembered that the ceiling is not necessarily equivalent to the resale value which is based on documentation of actual cost. 2. Durant Mall Condominiumization Based on the evidence submitted by the applicant that the eight Durant Mall apartments proposed for condominiumization have not been rented over the last eighteen months within employee price guide- lines, the Housing Office recommends approval contingent on: a. Giving written notice to tenants in accordance with the provisions of Section 20-22(a) of the Aspen Municipal Code. b. six months rental restriction according to Section 20-22(b). cc: Housing Authority Members c ,'"" '""" MEMORANDUM TO: Colette Penne, planning Office Jay Hammond, City Engineering~ FROM: DATE: September B, 1983 RE: Durant Mall Condominiumization ---------------------------------------------------------- Having reviewed the above application to resubdivide a unit within the Durant Condominium, the City Engineering Department has the following comment: Approval of the proposed resubdivision of unit R should be contingent on the recordation of an amended plat indicating the changes and clearly delineating the new units as well as any common elements associated with them. The amended plat should reference the prior platting and have approval certificates for the City Engineer and Council. JH/co . , \.,,~ /' " ,.; CIT SPEN ,.'" MEMORANDUM DATE: September 1, 1983 TO: Colette Penne Gary ESary~ FROM: RE: Durant Mall Re-Condomiriiumization 1. I recommend that the application be processed as a 20-19(c) and (d) (see Ordinance 16) "exception from the full subdivision process for the purpose of recondominiumization". This is not a land-use action that should be exempt from the definition of sub- division, but rather an action that should be excepted from redun- dant parts of the process. -/ 2. I can't find Units I, J and K on the plat. refers to 8 units, but lists the rents for 12. The affidavit / 3. The August 3 affidavit states that none of the 'ynits was rented within "low or moderate" guidelines. The ~ugust 15 affi- davit refers to "low, moderate or middle". The ordinance speci- fies "low, moderate or middle" (Section 20-22(1)). While 20-22(1) provides for a prima facie finding, Section 20-22(c)(1) - (c)(6) provides for a mandatory showing of no reduction and mandatory criteria to be reviewed. The fact that the units have been rented in excess of the guidelines does not automatically result in a recommendation or finding of no reduction. 4. The Building Department should conduct the inspection called for in Section 20-22(e;. 5. The applicant should draft (in a form acceptable to the City Attorney) and record a Statement of Exception memorializing the approval. 6. The applicant should draft (in a form acceptable to te City Attorney) and record a deed restriction to satisfy the require- ments of 20-22(b) (6-month rental restriction), Section 20-22(a) existing tenant provisions), and, if Engineering so recommends, joinder in any special improvement 4istrict. \ ..." '-J Memorandum ,to Colette September 1, 1983 Page Two Penne 7. In the "Little Victorians" review, the p&Z asked questions regarding the utilities furnished and whether they were furnished in common or separately metered. This information may have an impact on rental within the employee housing guidelines. 8. I recoMmend a condition that the recondominiumization plat be filed within 180 days of the final Council approval. GSE/mC l "::jt J "" ~ ~ ~ , I , -,.,"< . \ '::~ ::~ 't-.....:.; '~.. : .;....;., ,'. lI.,.", . , ;".,~ ,'. , ". . 'j!J 9JkglrirtfiJtftff' f~l ;: ~!~jf~'!i~!lfrif . ! ,. jrr~f mmffi!~'!1i ~~~ Ile!6 ludilr;~~I!~1n ,. ~; I ll~lt~ '!'Iii; 1111'~ ' tiW!f i:li;~1 li~i~.. !~~liU ' ~fr.~m! 5 mi!U - DOlXl' M......OIl_"". ~j( (", , , {I '," I ..- . ,,~/ ., I t.... y, ~,~', . . .t . o , , _---.,J . (' , .....;. c -' :I' , ;"1 : i~:~ , . ' . ': ~;:;-~. .. ~~ l i 'i'" "L,,'al "'. '/. ''';'''1.(;' h - .tl.'~~ f~<~ i .',. ,~~.~~t~./ ~ ; r,' l C~" ~~..I. ~ . f ~ . . r'" ". , ;1;~~m"MI!;tilf ; :;:,\";. -' ".. '-,. ~ ~~~r~lii; ~'i:'t.~ ~ fi~i!ii ~;:r;:::" .,.l ~. ('r"'i ~i;!flf~ I hE~!LJ, 10." ~. ~~:t! ~ lij , . ".;. d",: . 13 .~. ::a':~'", iI.~~~, , !....~.... ' :.!.;, ",!t. '1' c""",,.. "'''"...,.., "-~; . 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