HomeMy WebLinkAboutcoa.lu.ec.DurantMallCondo.44-83
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CASELOAD SUMMARY SHEET
City of Aspen
No. ,t-/;..f -g'3
Staff: ~~~
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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
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CITY P&Z REVIEW:
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CITY COUNCIL REVIEW:
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Ordinance No.
,
ot,
......
MEMORANDUM
TO:
Bill Drueding
Kim Johnson, Planning Office~
Durant Mall Condominium Insubstantial Plat Amendment
FROM:
RE:
DATE:
February 9, 1990
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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
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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!
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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
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!\rthur C. Daily
of HOLLAND & HART
ACD/jg
cc: Mr. Gerald Seay
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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.
.
.
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3. The undersigned have executed this Consent this /7
day of December, 1987.
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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
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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
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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)
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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;
-
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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
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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.
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BOOK 467 ?A'jc876
2 S' 0 2 3 6
SECOND AMENDMENT
TO CONDOMINIUM DECLARATION
LORton,\ BAlmER
PITKIN CTY. RECORDER
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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 .
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BLOCK 106 ASSOCIATES, a Colorado
limited partnership
.~
Ginn
Partner
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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'.. \-
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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
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fj{)(jl{ 467 ~415f87g
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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)
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Notary P. bIle '
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Address: 1654 California Street
Denver, Colorado ~ULU2
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BOOIi 467 p~,5E871
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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
,
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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.
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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.
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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.
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offices:
110 East Hallaln Street
Aspen. Colorado 81611 303/925-5973
Inail address:
506 East Main Street
Aspen, Colorado 81611
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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
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Enclosure
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REcorder
RE~ord.d At 11:$0 Nl
February 6. 19711 RLCCptiOIl no
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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":
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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,
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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.
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1. Definitions. Unless the context clearly indicates a
different meaning therefor:
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(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).
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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.
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(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.
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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.
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(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:
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(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.
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(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.
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(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.
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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.
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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; .# ,.",.
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. ~!~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-~:. .::.=:.~~:
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;"'(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.
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(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:
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(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;
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(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.
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(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
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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.
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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.
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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.
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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.
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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.
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(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
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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.
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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~ ,....
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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
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~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
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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._.
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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.
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(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;
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(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
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(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).
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(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
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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
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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
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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-
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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.
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(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:
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(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-
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S<YA308 j:';EG35
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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~.
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(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-:
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E-11
E-12
E-13
M-1
M-2
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P-l
P-2
P-3
P-4
P-5
P-6
P-7
P-8
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P-ll
P-12
P-13
P-14
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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%
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(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.
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(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.
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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.
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(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-
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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!!....
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(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~~
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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-
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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.
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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-
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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-
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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
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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.
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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
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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-
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hV',2CJ jl.~!545
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(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~
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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.
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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_
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(~) 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-
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"'.........308 ,:,.[ 5.l7
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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.
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(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.
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-29-
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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-
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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-
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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.
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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,
,
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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
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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.
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WITN~SS my hand and official seal.
Commission Expires: {p -14, '77
My
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Not-ary-
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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....."..~
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-
pitkin county
506 east main street
aspen. colorado 81611
M E M 0 RAN DUM
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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
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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.
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SPEN
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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
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